Buy Buy Buy or Sell Sell Sell?

[Sticky Bomb]

For instance, if your DCA is ongoing and you are given cash as gift, you can use the money or part of it  to buy bitcoin right away. That's lump sum.

If the buying is done during his regular DCA, then it would be interpreted that he used the fund to increase his aggressiveness into bitcoin for that buying period, but if it comes in between the buying intervals and he puts it into bitcoin right away without waiting for the buying moment, then it can be considered lump sum and it shows more commitment to the investor's accumulation journey by using his extra money to buy more  while he still maintains his commitment to his DCA buys.

[ejikeme24]

The problem for other is they spend everything like even their funds intended to use for their needs is been spent on their Bitcoin investment that's why they easily collapsed.

That's one of the disadvantage of buying aggressively especially those that doesn't know how to apply it, I feel that investors don't make this mistake of spending everything anyhow if not during the time of buying aggressively. That is why sometimes I do advice people to only maintain the ongoing buying of bitcoin if buying aggressively would bring problem to thier investment, although it's good to be aggressive in our investment that's if we can just stay within our limit and not going beyond limit.

[MissNonFall9]

I agree with you that it is very important to know your financial situation and how much risk you can take before investing in BTC. The DCA method can be a good strategy in the long term, because it does not have to worry much about the daily fluctuations of the market. However, you should always invest money that will not cause a big problem in your personal life even if you lose it. Patience and proper planning are the most important things here.

To make investing in Bitcoin less risky, dollar cost averaging is a nice, comfortable and popular method that reduces the risk by gradually, continuously buying and accumulating Bitcoin. Since the investment is made and held for the long term, patience is very important here and planning means you have to continue investing regularly.

[JayJuanGee]

To invest in Bitcoin, one must have a prudent income and the ability to take risks, each person must have common sense, but some more strategies should be added to this. Where regular Bitcoin investment according to the DCA method makes it easier for him to keep it for a long time. And the more Bitcoin investment in the current position, the more likely it will be profitable, so everyone should give importance to Bitcoin investment and the portfolio should be enlarged by repeated investment.

There is no substitute for investing in Bitcoin and making a prudent income to protect this investment, but I think that the risk of investing in Bitcoin in the long term is comparatively lower than other investments if DCA is adopted as an investment method. Regular DCA is necessary so that no investment opportunity is missed. Many people may wait to buy the dip, which can be a little confusing in terms of investment because it is unknown when the dip will come, so there is no alternative to regular DCA.

The needed income to carry out our Bitcoin investment is our discretionary income and we can figure out our emergency funds from the discretionary income and I think the reason we should not compare Bitcoin investment with other kind of investment is because in Bitcoin investment what is needed is money we can afford to lose which is discretionary but in other investment wihat Is use is capital and capital is not money one can actually afford to lose that is the difference but the target and goals is always the same.

You are wrong, any investment you are going into you need to use only your discretionary income to go into that investment because it's a 50/50 chance to profit from it in the long run, so in all business or investment you are going into you need to use only your discretionary income to go into it.

Even though guys might gamble based on 50/50 odds (or hope that they have some kind of an edge), I doubt that people invest based on assessment of only 50/50 odds to make a profit. 

Sure, we don't know if bitcoin is going to go up, down or sideways, whether considering short-term time periods, medium term time periods or even into the longer term time periods, yet there is probably some assessment that when we invest into bitcoin for 4-10 years or longer that we believe that we have decently good odds that we will have be better off for investing into bitcoin rather than if we had not.

The needed income to carry out our Bitcoin investment is our discretionary income and we can figure out our emergency funds from the discretionary income and I think the reason we should not compare Bitcoin investment with other kind of investment is because in Bitcoin investment what is needed is money we can afford to lose which is discretionary but in other investment wihat Is use is capital and capital is not money one can actually afford to lose that is the difference but the target and goals is always the same.

That's incorrect Derekfunds... Money that folks can afford to lose isn't the same thing as their discretionary income, even though there seem to be sharing some similarities...Let me explain further- For example say you are earning on a monthly basis and after settling for your basic needs and responsibilities, you are left with day $600 as your discretionary income... Honestly speaking you as an investor may either not have the courage to invest the whole $600 into Bitcoin, probably due to the fact that you haven't built enough emergency funds .... And coz of that you decided to use like $300 for your Bitcoin investment and then use the rest to build your emergency funds/or reserve funds.. The amount you can afford to lose is the $300 that you used for your investment, and your actual Discretionary income is the $600...

Your explanation is confusing @Joeboy.

Money that you can afford to lose is part of your discretionary income, and sure for psychological or even financial reasons no one may want to lose all of their discretionary income, and so therefore like you mention, they choose how much of their discretionary funds they want to use for investing, saving and/or for discretionary consumption...

So if they get anxious or worried about how much they might be investing into bitcoin versus using in other ways, then they might want to lessen the amount that they are investing into bitcoin, since perhaps they could be experiencing signs that they are potentially investing more than they can afford to (or what they would want to lose or to lock up into their bitcoin investment for 4-10 years or longer). ..

So the amount that they choose for investing is an amount that could change from week to week based on both how much discretionary funds that they have available but also changes in their feelings from week to week, and sure maybe a person who is trying to prioritize investing into bitcoin, on purpose, such persons are going to push the limits in terms of how much they are putting into their bitcoin investment as compared with their savings and/or their discretionary consumption, yet maybe they might change their mind from time to time regarding the priority they give to bitcoin investing, and then give their investment a lower priority during certain periods - but the money that they use to invest is still a portion of their discretionary funds that they are choosing to allocate to investing whether they are consistent with it or not.

They choose the amount of their discretionary that they want to allocate into bitcoin investing at whatever level of persistence, consistency, regularity, ongoingness and even perhaps aggressiveness is a matter of choice and how much they prioritize bitcoin investing within their discretionary funds, and how much they might want to push the amounts invested into bitcoin towards higher amounts or if they might choose to put some of the money into savings and/or discretionary consumption, and they might even have some special events or circumstances that lure them into wanting to give higher priority towards putting the discretionary funds into discretionary consumption or even savings (whether backup funds, emergency funds and/or reserve funds).

And again you said discretionary income is money you can afford to lose and for that you can use it for Bitcoin investment, now let me correct you, the discretionary income you are saying you can afford to lose is what you can use to build a very strong emergency funds or back up funds so is not actually money you can afford to lose, Bitcoin investment is not gambling and the money you can use for gambling is not the same money you can use for Bitcoin investment, in gambling you can use money you can afford to lose not in Bitcoin investment because your discretionary income is very important to your success.

You sound mixed up @Supreme Donvic.  There is an expression about not investing any more than you can afford to lose, and that same expression applies to trading and/or gambling. 

Sure, investing is not trading or gambling, even though we are still using our discretionary income to put into it and even a segment of our discretionary income that we are willing to lock up for 4-10 years or more with an understanding that it is also possible that we will not get the money back.

In regards to back up funds such as emergency funds and/or reserve funds, that money is being held in a cash form for the purpose of addressing any shortfalls in income and/or increases in expenses, and sometimes we can even use that money for other reasons, in the event that we choose to do so...... Sure, it is possible that sometimes we might save the various kinds of back up funds and then deplete it, and then other times, the back up funds might just sit and be available as a kind of insurance.. and we do not use the expression to put "what we can afford to lose" into back up funds because generally back up funds are purposefully held in ways that are meant to be easily accessible (such as physical cash) and/or that the funds are generally not very volatile since they are held in the kind of form that we tend to make our monthly payments.. and even if they might decrease in value due to debasement and/or increases in the costs of goods/services, our intention should be keeping them in a form that we consider to be minimally volatile relative to how we might need to use those funds for goods/services.

[edited out]

Discretionary income can be used for various purpose. Discretionary income can be used for investment, entertainment, business, vacation and travel, shopping, trading and for doing our hobbies or recreation. Discretionary income is used on things and activities that are not a necessary part of the basic things of life. The basic things of life are feeding, shelter, health and other essential things we cant do without. But we can do without entertainment, investment, and all the rest. It is just that these other things are what make the life better and sweeter and that is the reason why discretionary income is very important to every human.

Of course, discretionary income can be used for whatever you like, since it is money left over after you have accounted for your expenses... and so the three categories that it can be used is to invest, save or discretionarily consume.

I used to accept the statement that "discretionary income should be money we can afford to lose" but not anymore. I think discretionary income should be well spent.

You sound confused. The expression of investing what you can afford to lose is to figure an amount that you are willing to put into bitcoin from your discretionary funds, and it would likely be a sub portion of your discretionary funds and not all of it.

The amount is not guaranteed to be recovered, could go to zero and surely is not currently going to be available for discretionary consumption since you would be putting it into bitcoin rather than using it for consumption.

A wise man would always take calculated risk even if they are starting any investment. Investing into Bitcoin using dca is a calculated risk and a good way to spent some percentage of your discretionary income. Because an investor with a long term goal has a huge chance of benefiting from Bitcoin.

We invest into things, such as bitcoin, with an expectation that we have good odds of being better off for investing into as compared if we had not... so yeah, we want to do better by investing, even though it is not guaranteed that we will do better or that we might not suffer losses or even 100% loss whether it is from execution or whether it is from things that happen to the asset while we are invested into it that might cause it to go to zero, or go down in value or to fail to go up in value.  There are various scenarios that we might attempt to account for when we are both choosing our position size and our level of aggressiveness in investing and also perhaps our conviction in continuing to stay in once we had established a position.

Allocation amounts are within our choosing and comes from our discretionary funds...and hopefully it is an amount that we can afford to lose rather than our expecting that we are guaranteed not to lose it, which is not the case, even if you might have wrong expectations in regards to the supposed guarantee of the return that you will get in relation to bitcoin, which seems to be your own psychological problem of having expectations too high if you believe that you are guaranteed a return...

By the way, if you invest into bitcoin for years and years and years, there surely are going to be times along the way that you can cash in parts or all of you bitcoin and get some return from it, so as long as you stay partly, mostly or all in bitcoin, you still are going to be subjected to changes in value and various options along the way to cash in parts or all of your holdings to the extent that you can find a buyer who will pay how much you would like to receive at the time that you are selling.

I don't think our discretionary income should be a money we can afford to lose, reason being that it can serve as an emergency funds when needed. In Bitcoin I don't really think what is needed is money we can afford to lose,  reason being that , there's is no money we can afford to lose, we just have to have a mindset that Bitcoin is volatile, which price can rise and fall at any giving time.

There are different kinds of investors in Bitcoin based on their level of understanding, including investors who are just starting but getting used to Bitcoin investment. Investors who are new and who are getting used to Bitcoin are advised to start small or to invest with the amount they can afford to lose. The reason for this is because of their limited understanding of Bitcoin and lack of experience with Bitcoin investment. For some investors, they don't invest in Bitcoin because of the amount they can afford to lose, but Bitcoin is invested according to financial strength. There may not be a guarantee of making a profit in Bitcoin investment, but some investors have understood Bitcoin investment to the extent that there is nothing to do with losing when it comes to Bitcoin investment.

I also agree with your part that beginners should start with a small amount. If someone wants to start new, it may not be a good decision to invest a large amount of money in the beginning. If they start small, they may gradually learn to understand the market fluctuations, safety and the habit of holding for the long term.

However, I will be more careful about what you said, "the amount that you can afford to lose". Because many people assume this wrongly. They think that investing is like gambling, where you have to assume in advance that you will lose money. So I will try to say that you should invest in Bitcoin with the extra investable money that you will not need in the near future, the money that will not be a problem for daily expenses, loan costs, loan installments, family responsibilities or emergency funds. Because the main question in investing is not only whether you can afford to lose, but rather how long we can hold that money.

You are wrong Charcol.

Even though bitcoin is different from gambling and/or trading, the same idea of investing no more than you can afford to lose is the correct mental framework... and it seems that your own expectation of a guaranteed return shows that your expectations are likely not correct.. you are in a wrong mental framework with underlying expectations of guaranteed return, which is not true... even though you can do what you like and maintain wrong expectations.

[KawasakiNinja1_]

Some people are just very funny, so they think that it is right to sell of their Bitcoin or selling some part of it when they no where found near their accumulation target, just because they are having other plans to go into another investment but I ask has Bitcoin now failed, can anyone tell us any investment that is more valued than Bitcoin presently, it is important for people not to allow themselves to be tempted to sell of or take profit along the line of their Bitcoin investment journey when they have met their target, as someone that set a goal, such goals should be accomplished without any form of distraction, Bitcoin investment is known for it's increase overtime on a long-term, it is Bitcoin accumulation for a long-term not halfway and I think this should be in our mind as we keep doing the needful.

The truth is that not everyone that is investing for Long term some are investing for Short term with the hope that before so,so so, months that their investment will get matured or they will be in profit, and when it didn't work as expected by them, at that point they will be forced to sell their investment to diversify into other investment/ business but it's wrong to sell our investment when we have not reach our overaccumulation status and / or investment target, because selling when we have not reach our overaccumulation status is more like trading.

Basically I agree with you not everyone invests for the long term, some invest for the short term, hoping that their investment will mature in a certain month or they will be able to earn a certain amount of dividend from the investment so we should abandon the habit of calling traders investors. @ejikeme24 Don't forget to mention that becoming an investor is absolutely easy, to earn this title, you need to be patient and persistent with investment for at least 3-5 years. So from experience, we have to say that those who hold this coin in the short term with the implicit expectation of a guaranteed profit are in the wrong mental framework.

[Cyber_warrior]

Not everyone invests for the long term, some invest for the short term, hoping that their investment will mature in a certain month or they will be able to earn a certain amount of dividend from the investment so we should abandon the habit of calling traders investors. @ejikeme24 Don't forget to mention that becoming an investor is absolutely easy, to earn this title, you need to be patient and persistent with investment for at least 3-5 years. So from experience, we have to say that those who hold this coin in the short term with the implicit expectation of a guaranteed profit are in the wrong mental framework.

That's definitely a traders mindset and people with this mindset of making quick profits in a short term are getting it all wrong. Bitcoin is a long term asset that has the potential to increase in value with time which means holding for long time can give you more value that trading. Bitcoin value comes with patience and persistence and not from quick profits. Those who truly understand Bitcoin know that holding for at least 5 to 10 years gives a better chance of benefiting from its long term growth and potential.

You are wrong Charcol.

Even though bitcoin is different from gambling and/or trading, the same idea of investing no more than you can afford to lose is the correct mental framework... and it seems that your own expectation of a guaranteed return shows that your expectations are likely not correct.. you are in a wrong mental framework with underlying expectations of guaranteed return, which is not true... even though you can do what you like and maintain wrong expectations.

That's right, Many people invest with a wrong mindset, they see Investing as a an assured success path so they think there's no risk involved or ignore the risks and invest more than they should. The Truth is that no investment is completely guarantee success not even Bitcoin so we should always invest an amount we can afford to lose.

[Grace333]

Some people are just very funny, so they think that it is right to sell of their Bitcoin or selling some part of it when they no where found near their accumulation target, just because they are having other plans to go into another investment but I ask has Bitcoin now failed, can anyone tell us any investment that is more valued than Bitcoin presently, it is important for people not to allow themselves to be tempted to sell of or take profit along the line of their Bitcoin investment journey when they have met their target, as someone that set a goal, such goals should be accomplished without any form of distraction, Bitcoin investment is known for it's increase overtime on a long-term, it is Bitcoin accumulation for a long-term not halfway and I think this should be in our mind as we keep doing the needful.

The truth is that not everyone that is investing for Long term some are investing for Short term with the hope that before so,so so, months that their investment will get matured or they will be in profit, and when it didn't work as expected by them, at that point they will be forced to sell their investment to diversify into other investment/ business but it's wrong to sell our investment when we have not reach our overaccumulation status and / or investment target, because selling when we have not reach our overaccumulation status is more like trading.

Basically I agree with you not everyone invests for the long term, some invest for the short term, hoping that their investment will mature in a certain month or they will be able to earn a certain amount of dividend from the investment so we should abandon the habit of calling traders investors.

Folks who can't differentiate between investment and trading may end up screwing their finances because to be successful at something you need to have clarity what to do and how to do it in other to get to where you are heading. So if they don't consider their investment for long-term that means they're basically working with the traders mindset. Though I somehow feel that there are people inbetween trading and investing who basically fix their eyes on price and have determined that their selling point after their investment is fixed on a certain price that can actually make them hold for some unknown period of time depending on how fast or slow the price of bitcoin moves.

@ejikeme24 Don't forget to mention that becoming an investor is absolutely easy, to earn this title, you need to be patient and persistent with investment for at least 3-5 years.

Personally I consider investment timeline to begin from a minimum of 4year which is equivalent to a cycle, that way even a noob can at least have a taste of experience of all the seasons and trends that there is. And this is also one of the reasons why I feel those who hold bitcoin with their eyes fixed on price can mix the timeline difference without them even knowing.

[cyberninja2]

That's definitely a traders mindset and people with this mindset of making quick profits in a short term are getting it all wrong. Bitcoin is a long term asset that has the potential to increase in value with time which means holding for long time can give you more value that trading. Bitcoin value comes with patience and persistence and not from quick profits. Those who truly understand Bitcoin know that holding for at least 5 to 10 years gives a better chance of benefiting from its long term growth and potential.

That is one of the unhealthy mindsets in my opinion because it is more concerned with the profits than thinking about the planning although it is true that everyone thinks about profits but it is better not to be seen as someone who thinks about quick profits because here there are also many who have been involved in holding Bitcoin of course many have been collected, but they are like normal because what they think is that Bitcoin is one of the assets that they must accumulate regularly when there is income that they hold whether they do it weekly or monthly, which is clear they still do it long term after buying Bitcoin because the potential value over time will continue to increase so for us, it is necessary to do long term whether it requires time and patience that we have whether it is 10-15 years in the future which is clear we as Bitcoin owners because without us realizing that we can feel the potential in a long term way that we must do because the asset will always have a way only this will happen over time so the growth of the assets we own will be more objective towards our future as its owners.

That's right, Many people invest with a wrong mindset, they see Investing as a an assured success path so they think there's no risk involved or ignore the risks and invest more than they should. The Truth is that no investment is completely guarantee success not even Bitcoin so we should always invest an amount we can afford to lose.

Their own mistakes are created if the mindset is like the one you mentioned because in making this investment of course we are part of the risks that we will face so for me it is one of the mindsets that is not useful for all the things in this forum because it says investing as a guaranteed path to success so if it is true as you said of course I need to ask is if someone buys Bitcoin when the price is at $ 80 while when someone suddenly needs money for medical expenses for health that may be getting weaker which is felt by someone while the saved funds or emergency funds are not owned at all what is available is only the amount of Bitcoin owned by that person so one way is to sell the amount that he already has but at that time the market price is at $ 65 of course this is one of the risks that have been experienced because at the time of making the purchase it is still at the number as I mentioned above $ 80 how can you say investing is a guaranteed path to success?

[Charcol]

You are wrong Charcol.

Even though bitcoin is different from gambling and/or trading, the same idea of investing no more than you can afford to lose is the correct mental framework... and it seems that your own expectation of a guaranteed return shows that your expectations are likely not correct.. you are in a wrong mental framework with underlying expectations of guaranteed return, which is not true... even though you can do what you like and maintain wrong expectations.

So maybe I was wrong, sorry. But I didn't mean it that way. I was talking about investing money that you won't need in the near future, I thought if I said directly, "don't invest more than you can afford to lose," then others would consider investing as gambling. But yes, I made a mistake in improving my discussion. It is true that expecting guaranteed returns can be wrong.
Thank you for pointing out my mistakes and teaching me.

[Marvelockg]

You are wrong Charcol.

Even though bitcoin is different from gambling and/or trading, the same idea of investing no more than you can afford to lose is the correct mental framework... and it seems that your own expectation of a guaranteed return shows that your expectations are likely not correct.. you are in a wrong mental framework with underlying expectations of guaranteed return, which is not true... even though you can do what you like and maintain wrong expectations.

So maybe I was wrong, sorry. But I didn't mean it that way. I was talking about investing money that you won't need in the near future, I thought if I said directly, "don't invest more than you can afford to lose," then others would consider investing as gambling. But yes, I made a mistake in improving my discussion. It is true that expecting guaranteed returns can be wrong.
Thank you for pointing out my mistakes and teaching me.

Well, you just have to understand certain concept and know where there application is needed even though there's a clear distinction between Thier application for an investor and the way a trader looks at it.

Apart from some newbies that sometimes gets it wrong with Thier understanding on investing what they can afford to loose, the idea of investing what you can afford to loose prepares your mind to embrace a fact that bitcoin investment is not 💯 guaranteed to give you the returns you're looking out for and when you're quick to even talk about returns, it makes you look like a trader that doesn't have what it takes to invest for the long term.

As a bitcoin investor, you have to embrace the uncertainty in investment while still trying to build a good portfolio which happens because you have a level of faith in bitcoin. Three are investors that invest little just because they are afraid of loosing everything they've invested and feels that the concept of investing what they can afford to loose means they should invest so little. As a bitcoin investor that's not playing around trading and definitely not doing trial and error, you have to create a Ballance and know that while you're investing what you can afford to loose and have the right definition to what you mean by what you can afford to loose that you're also buying enough bitcoin using the DCA method or a strategy that works best for you knowing fully well that doing so is the best way to reach your investment goal.

[Princess Leah]

Basically I agree with you not everyone invests for the long term, some invest for the short term, hoping that their investment will mature in a certain month or they will be able to earn a certain amount of dividend from the investment so we should abandon the habit of calling traders investors. @ejikeme24 Don't forget to mention that becoming an investor is absolutely easy, to earn this title, you need to be patient and persistent with investment for at least 3-5 years. So from experience, we have to say that those who hold this coin in the short term with the implicit expectation of a guaranteed profit are in the wrong mental framework.

The four years cycle might be okay but not enough for a serious holder yet you're talking about 3-5 years, I totally disagree with you but would rather advise that people hold for about 4-10 years to be very sure that they'll reach their target. Whether you like it or not, someone who hold for an interval of three years is still seen as trader no matter how long three years might seem.

 Sometimes people do the wrong thngs with good intentions and holding for three years is one of them. Well like you said becoming an investor is very easy if the person can come up with a discretionary funds to start with but keeping up with the tittle investor is where the big challenge is cause most people find it tough to hold till they reach their target.

[Stive009]

Nowadays, many new traders entry the market hoping to buy at a low price and sell at a higher price. But in reality things are not that simple. fear during price drops and greed during price increases often lead people to make wrong decisions which later causes losses.
In my opinion chasing profit without understanding the market and the risks involved is a big mistake. Making small but consistent profits over time is much better than running after unrealistic gains.
In trading, learning technical analysis is important, but controlling emotions and making the right decisions at the right time are equally important.

[Renampun]

snip
However, it's also necessary to get that knowledge that no method guarantees just instant profit and DCA work best for for long term investor who committed consistent and also patient, because the real strength of DCA strategy is not just be buying bitcoin continuously, but to develop interest of investing within your means and focus on long-term goal instead of short term.

DCA is one method that can be used for long-term investment, it will not guarantee you to get profits in the short term, because the main goal of this strategy is not to get quick profits, but rather to help you invest consistently in the long term regardless of market conditions and help you not bother in guessing the best time to buy, because in DCA what is important is consistency, so you can eliminate emotional pressure and still be able to invest consistently by using your discretionary income in the long term.

Nowadays, many new traders entry the market hoping to buy at a low price and sell at a higher price. But in reality things are not that simple. fear during price drops and greed during price increases often lead people to make wrong decisions which later causes losses.
In my opinion chasing profit without understanding the market and the risks involved is a big mistake. Making small but consistent profits over time is much better than running after unrealistic gains.
In trading, learning technical analysis is important, but controlling emotions and making the right decisions at the right time are equally important.

This is not a thread to discuss trading.. if you want to discuss trading go somewhere else where you can discuss that.

[sotelorene]

Some people are just very funny, so they think that it is right to sell of their Bitcoin or selling some part of it when they no where found near their accumulation target, just because they are having other plans to go into another investment but I ask has Bitcoin now failed, can anyone tell us any investment that is more valued than Bitcoin presently, it is important for people not to allow themselves to be tempted to sell of or take profit along the line of their Bitcoin investment journey when they have met their target, as someone that set a goal, such goals should be accomplished without any form of distraction, Bitcoin investment is known for it's increase overtime on a long-term, it is Bitcoin accumulation for a long-term not halfway and I think this should be in our mind as we keep doing the needful.

The truth is that not everyone that is investing for Long term some are investing for Short term with the hope that before so,so so, months that their investment will get matured or they will be in profit, and when it didn't work as expected by them, at that point they will be forced to sell their investment to diversify into other investment/ business but it's wrong to sell our investment when we have not reach our overaccumulation status and / or investment target, because selling when we have not reach our overaccumulation status is more like trading.

Basically I agree with you not everyone invests for the long term, some invest for the short term, hoping that their investment will mature in a certain month or they will be able to earn a certain amount of dividend from the investment so we should abandon the habit of calling traders investors. @ejikeme24 Don't forget to mention that becoming an investor is absolutely easy, to earn this title, you need to be patient and persistent with investment for at least 3-5 years. So from experience, we have to say that those who hold this coin in the short term with the implicit expectation of a guaranteed profit are in the wrong mental framework.

Anyone who is not investing for the long term, is doing that to their own detriment and I can assure them that profit is not guarantee no matter the kind of strategy they think they have and it is so funny how some people just rely on hope while doing the wrong thing ( investing with trading mentality). So sorry to say this, hope and faith won't work when someone is trading because the volatility of Bitcoin is way much that we can imagine so it will be wise for us to accumulate and hold for long.

[BitBakerr1]

The problem for other is they spend everything like even their funds intended to use for their needs is been spent on their Bitcoin investment that's why they easily collapsed.

That's one of the disadvantage of buying aggressively especially those that doesn't know how to apply it, I feel that investors don't make this mistake of spending everything anyhow if not during the time of buying aggressively. That is why sometimes I do advice people to only maintain the ongoing buying of bitcoin if buying aggressively would bring problem to thier investment, although it's good to be aggressive in our investment that's if we can just stay within our limit and not going beyond limit.

Being aggressive in your bitcoin accumulation journey is not actually bad in fact, it is one of the best things to do sometimes in your accumulation journey, however, before you become aggressive in your accommodation, you need to have a strong backup funds, this backup funds are the things that will help you, it’s like your safe net that will help you when your aggressive accumulation has lead you to cross limit, you won’t dip hands into your bitcoin investment to solve emergency situations because you already have a strong backup funds that can be used to solve any emergency issues that comes up.

[Rockson1]

The truth is that not everyone that is investing for Long term some are investing for Short term with the hope that before so,so so, months that their investment will get matured or they will be in profit, and when it didn't work as expected by them, at that point they will be forced to sell their investment to diversify into other investment/ business but it's wrong to sell our investment when we have not reach our overaccumulation status and / or investment target, because selling when we have not reach our overaccumulation status is more like trading.

Of course that is true  but it is taders way of doing things, some persons will continue to deceive themselves, why will anyone even think of diversification when they have not reach that level of overstimulation, let's be honest, no matter how traders hide their dealings, they will definitely expose while they are, how will some say that they want to diversify when they are not yet done with one, as far as it has to do with selling half way, it is called trading, people just want to paint it white so that it will look like they are doing the right thing when they are not, when we hear hodl for atleast 1cycle some people think that it is ok but they don't know that 1cycle which is just 4years may not be enough for us to reach our target, the journey of Bitcoin starts with acumulation and hodling for a long-term of about 10-more years and we must be relentless to get to this, athough it may not be a smooth road to cross but we get there if we are determined.

[BluebloodCXVI]

In trading, learning technical analysis is important, but controlling emotions and making the right decisions at the right time are equally important.

You’re kind of shifting the whole conversation away from what we are actually talking about here. This discussion isn’t about trading, technical analysis, or trader psychology, the discussion is about Bitcoin investing and what a beginner really needs when they want to get started and stay consistent with their fucking investment. So you bringing trading talk into it just confuses the point. Investing and trading are not the same thing, so mixing both of them together doesn’t really help the argument here.
Try to keep it simple and stick to the actual topic instead of dragging in something that doesn’t relate with what we’re talking about.

[Obulis]

I also agree with you that DCA is the one of most beginner friendly and I can say no stress, is the one of free investment strategies for bitcoin, and DCA can be use to encourage beginners in time of bitcoin accumulation, because it removes that thinking of trying to perfectly time the market, instead of worry about short term volatility, you can just focus on consistent accumulation,

However, it's also necessary to get that knowledge that no method guarantees just instant profit and DCA work best for for long term investor who committed consistent and also patient, because the real strength of DCA strategy is not just be buying bitcoin continuously, but to develop interest of investing within your means and focus on long-term goal instead of short term.

DCA is not one of the but the most beginners friendly strategy and best for investors in general. Trying to study the market can be discouraging and time consuming for some people but DCA relieves investors from that with ease and removes the emotions associated with buying of Bitcoin using other strategies and also it leaves no need to time the market waiting to see the best time to buy.

Psychologically looking at DCA strategy, a trader wouldn't want to apply it that's a trader won't like to buy Bitcoin at any price, so you can believe with me that DCA is long-term oriented for low and high income earners for advantages ranging from financial management, reducing emotions, future asset and so on. DCA is not trader oriented.
Ordinarily looking at DCA strategy, it means consistent buying of Bitcoin as much as possible within your financial ability.

[SPIDERMAN008]

I agree with you that it is very important to know your financial situation and how much risk you can take before investing in BTC. The DCA method can be a good strategy in the long term, because it does not have to worry much about the daily fluctuations of the market. However, you should always invest money that will not cause a big problem in your personal life even if you lose it. Patience and proper planning are the most important things here.

To make investing in Bitcoin less risky, dollar cost averaging is a nice, comfortable and popular method that reduces the risk by gradually, continuously buying and accumulating Bitcoin. Since the investment is made and held for the long term, patience is very important here and planning means you have to continue investing regularly.

Since you don't have to invest a lot of money at once, it's possible to stay mentally strong. When a low-income person invests his savings of several years in Bitcoin, he can't keep his mentality strong due to the volatility of the price.

But if he had followed the DCA method and accumulated little by little, the fluctuations in the price of Bitcoin would not have affected his mentality that much. He wouldn't have felt the financial and mental stress as much like he would  felt in lump sum .

[LOVER BOY 422]

In trading, learning technical analysis is important, but controlling emotions and making the right decisions at the right time are equally important.

You’re kind of shifting the whole conversation away from what we are actually talking about here. This discussion isn’t about trading, technical analysis, or trader psychology, the discussion is about Bitcoin investing and what a beginner really needs when they want to get started and stay consistent with their fucking investment. So you bringing trading talk into it just confuses the point. Investing and trading are not the same thing, so mixing both of them together doesn’t really help the argument here.
Try to keep it simple and stick to the actual topic instead of dragging in something that doesn’t relate with what we’re talking about.

I agree with you, many people don't still understand the different, I was telling someone about Bitcoin investment how he can get started using his descretionary income to invest as a newbie, he said no that he doesn't really want to trade in Bitcoin, I started telling him the different between investing in Bitcoin and trading, but to those of us who has been in this forum I wonder why they keep on using the two together.
Traders only depends on charts to know mostly when the market goes up and down before they can trade , that's buy and also sell immediately to get their profits , but in other hands bitcoin investment they keep on accumulating Bitcoin ,  gradually using DCA strategy to accumulate more Bitcoin to get to over accumulation level, at list newbies will not get confused on the side to work with.

But when you are using the both at the same time it will definitely get the newbies confused, and this is not what we need here.