Buy Buy Buy or Sell Sell Sell?

[NewRevelation]

It's very normal for a trader to panic and sell, their goal is to make profit and when they market falls it cause them to worry since they're losing instead of gaining, some of them are wise enough to apply stop lose (SP) according to traders term but there would still be a little lose and something different from the kind of profit they expected to make.
 

Wether or not they are wise or apply there shit trading terms, the point still remains that trading is just full of risk and nothing different from gambling, and is no where to be compared to investment and folks needs to understand this so they can stay away from trading
(Gambling). Well, anyone can do what they like, but it's better folks get into Bitcoin investment, where value is offered over time if we are able to HODL, rather than engage in shitty tradings and keep panicking and/or monitoring the market to know when to sell or not. Bitcoin investment still remains the best.

[Cgrexp]

Yet, it seems to me that getting the bitcoin stash to a high enough level remains part of the calculation, and many times all that guys have to invest into bitcoin is their income as it comes in, yet there may also be times where guys are able to generate extra income or maybe they had other investments that they could move into bitcoin in order to grow it faster than typical guys need to take in order to build up their bitcoin stash size.

You are correct. The fact is building a reasonable bitcoin portfolio is not actually about waiting for the perfect opportunity as some folks claimed, the bitcoin success or progresses is normally made by one's habits and mindset towards it, if one developing a habit of purchasing bitcoin with already available discretionary income regularly irrespective of the market price conditions, no matter how the amount may be seen at the beginning, believe you me is the best approach to succeed in bitcoin investment. Then a reasonable investor will also be reallocate any additional cash that comes up,like maybe profits from another own businesses or the person's side hustle or sells of some assets can certainly accelerate his bitcoin accumulation process. But those has to seen as bonuses or an advantages/opportunity to boost your bitcoin accumulation not a perquisites. However delaying purchases due to maybe expecting a huge amounts later may result waisting of time and energy in the market. Despite the occasional buying of bitcoin normally help the investment more faster, but it's better build a sustainable bitcoin accumulation by consistency over time.

DCA is a method where we buy whatever the price is. If you buy regularly within your budget using DCA, you can set the level of aggressiveness based on that regular buying. But there is no guarantee that you will have extra money to buy when the price drops unless you save money. Whether or not to save money, and if so, how much to save, can be a good or bad decision depending on where the person is in their Bitcoin accumulation journey. When an individual receives an unexpected extra amount of money during a price drop or as a result of a price drop, they start thinking about ways to raise additional funds or reallocate some of the money they had allocated to another sector into Bitcoin.

[Bluedrem]

Wether or not they are wise or apply there shit trading terms, the point still remains that trading is just full of risk and nothing different from gambling, and is no where to be compared to investment and folks needs to understand this so they can stay away from trading
(Gambling). Well, anyone can do what they like, but it's better folks get into Bitcoin investment, where value is offered over time if we are able to HODL, rather than engage in shitty tradings and keep panicking and/or monitoring the market to know when to sell or not. Bitcoin investment still remains the best.

Trading and holding are two different things. Trading is a type of investment where traders sell their assets to make a profit and exit the market if the selling price is higher than the buying price.
And holding is a system that people basically do to maintain the value of their assets. Currently, long-term preservation of Bitcoin is one of the best investments. If a person wants to buy Bitcoin to maintain the value of his assets for a long time in this period of inflation, it will be profitable. In long-term investment in Bitcoin, besides maintaining the value of the assets, a lot of profit can also be earned from it.
Therefore, if someone comes to invest in Bitcoin, it is not right to bring short-term thinking. To ensure profit from Bitcoin, it has to be preserved for a long time.

[sotelorene]

It's very normal for a trader to panic and sell, their goal is to make profit and when they market falls it cause them to worry since they're losing instead of gaining, some of them are wise enough to apply stop lose (SP) according to traders term but there would still be a little lose and something different from the kind of profit they expected to make.
 

Wether or not they are wise or apply there shit trading terms, the point still remains that trading is just full of risk and nothing different from gambling, and is no where to be compared to investment and folks needs to understand this so they can stay away from trading
(Gambling). Well, anyone can do what they like, but it's better folks get into Bitcoin investment, where value is offered over time if we are able to HODL, rather than engage in shitty tradings and keep panicking and/or monitoring the market to know when to sell or not. Bitcoin investment still remains the best.

The truth is that everything is risky and I don't and will never advise anyone to go into trading because i have seen people it has render useless and speechless. I have a friend that trade and there was a day I asked him how far, how's the trading life? My guy told me trading is really full of shit because there's always loss no matter how careful or good you are and I got more scared about trading because I know how long he has been into trading and how good he is in trading and then only for him to say this then imagine newbie that has no clue going into...

[Stormisover]

Yet, it seems to me that getting the bitcoin stash to a high enough level remains part of the calculation, and many times all that guys have to invest into bitcoin is their income as it comes in, yet there may also be times where guys are able to generate extra income or maybe they had other investments that they could move into bitcoin in order to grow it faster than typical guys need to take in order to build up their bitcoin stash size.

You are correct. The fact is building a reasonable bitcoin portfolio is not actually about waiting for the perfect opportunity as some folks claimed, the bitcoin success or progresses is normally made by one's habits and mindset towards it, if one developing a habit of purchasing bitcoin with already available discretionary income regularly irrespective of the market price conditions, no matter how the amount may be seen at the beginning, believe you me is the best approach to succeed in bitcoin investment. Then a reasonable investor will also be reallocate any additional cash that comes up,like maybe profits from another own businesses or the person's side hustle or sells of some assets can certainly accelerate his bitcoin accumulation process. But those has to seen as bonuses or an advantages/opportunity to boost your bitcoin accumulation not a perquisites. However delaying purchases due to maybe expecting a huge amounts later may result waisting of time and energy in the market. Despite the occasional buying of bitcoin normally help the investment more faster, but it's better build a sustainable bitcoin accumulation by consistency over time.

DCA is a method where we buy whatever the price is. If you buy regularly within your budget using DCA, you can set the level of aggressiveness based on that regular buying. But there is no guarantee that you will have extra money to buy when the price drops unless you save money. Whether or not to save money, and if so, how much to save, can be a good or bad decision depending on where the person is in their Bitcoin accumulation journey. When an individual receives an unexpected extra amount of money during a price drop or as a result of a price drop, they start thinking about ways to raise additional funds or reallocate some of the money they had allocated to another sector into Bitcoin.

There is no reason to be pressured if the dip is in front of you and you don't have your investment money and maybe you must have bought already previously when you had your paycheck through your DCA which should have given you satisfaction and fulfillment, it is not compulsory to have an extra money to buy when the price has dropped, seeing a price drop shouldn't be the reason any investor will be pressured to raise addictional funds or reallocate funds meant for another thing in to bitcoin as it is a bad practice. There is nothing wrong staying focused through your regular buying at when you have your investment money.

[Joeboy]

That's why it's good to use the DCA cause you'll be opportuned to buy it at different discount price,

Sunshine1525, you are making DCA sound like buying the dip approach, when it obviously isn't...Getting Bitcoin at discounted rates is simply referred to as buying the dip rather than DCA... Though when DCAing, folks will obviously at times get Bitcoin at lesser prices but those are only by-products of the strategy, rather than the main reason why DCA exists... Folks majorly DCA so they wouldn't have to be faced with the stress of trying to time prices of Bitcoin, since doing so is rather very difficult to do..

[Agbamoni]

That's why it's good to use the DCA cause you'll be opportuned to buy it at different discount price,

Sunshine1525, you are making DCA sound like buying the dip approach, when it obviously isn't...Getting Bitcoin at discounted rates is simply referred to as buying the dip rather than DCA... Though when DCAing, folks will obviously at times get Bitcoin at lesser prices but those are only by-products of the strategy, rather than the main reason why DCA exists... Folks majorly DCA so they wouldn't have to be faced with the stress of trying to time prices of Bitcoin, since doing so is rather very difficult to do..

The bolded text is very funny Joeboy. I literally laughed out loud. Who is doing the discount sales? 
The difference between dca and buying the dip is the intention and consistency. Those buying through dca can buy at a low price or a high price depending on the price at the moment of buying. According to you, discounted prices. Yea those doing dca can buy at discounted prices since they don't care about the price. While those buying on dip care about price. If it is not a low price they won't buy and it requires timing of the market while dca requires consistency.

[The Founding Titan]

If a person is focused on how much gain previous investors have made then it will only be a matter of time until they forget what they were actually doing in the first place, bitcoin investment isn't a competition, no one is in a race with another person on who can accumulate more, if you discretionary income allows you to be aggressive then be aggressive if you want, if you can't be aggressive then there is no point in pushing, if you want be able to accumulate more then instead of investing outside of your discretionary income you should focus on increasing your discretionary income instead.

Once an investor starts paying more attention to profit made by any investors, such person is no longer suppose to be called an investor rather a trader, in terms of competition, Bitcoin investment is run with discreationary income and if anyone wants to top up his discreationary income, it is now left for the investor involved to look for ways to top up his source of income so that his discreationary income can improve but at the time being if he has a source hyere his discreationary income is gotten from for him to keep maintaining his investment,  then he should continue with that than trying to do what is beyond his capacity, this is why it is been said that what makes in investors to last in Bitcoin investment is the step they follow.

It might also not seem to be very easy to do but instead of going beyond the limits of our discretionary income we could instead try to cut down on our expenses in order to increase our discretionary income, an increase in our source of income even looking for alternative sources of income might help more but in such a case where the person cannot increase their income one way or the other they can try to cut down on their expenses, if this isn't doable then nest to just stick to investing with their current dicsretionary income levels rtather hsn trying to buy beyond that.

[ruykeri]

That's why it's good to use the DCA cause you'll be opportuned to buy it at different discount price,

Sunshine1525, you are making DCA sound like buying the dip approach, when it obviously isn't...Getting Bitcoin at discounted rates is simply referred to as buying the dip rather than DCA... Though when DCAing, folks will obviously at times get Bitcoin at lesser prices but those are only by-products of the strategy, rather than the main reason why DCA exists... Folks majorly DCA so they wouldn't have to be faced with the stress of trying to time prices of Bitcoin, since doing so is rather very difficult to do..

You are right, DCA is done with discretionary income not to buy Bitcoin at a low price. The purpose of DCA is to reduce the risk a little and continue investing in Bitcoin regularly without any kind of mental stress. Even if one cannot buy Bitcoin at a low price through DCA, one can buy Bitcoin at an average price. Because at some point of time , there is no way to understand whether the price is low or high. The price of Bitcoin that seems high today may also act as a dip after a few years. Therefore, in the case of investing in Bitcoin, even if one can buy Bitcoin at an average price, one can be successful after a long time. If one invests by following the DCA method, there is an opportunity to invest in all the prices of Bitcoin at all times, which does not leave an investor in despair. Because he knows that he was able to buy Bitcoin at a low price and even when the price was high, he was able to invest without staying away from the market. This mindset is what makes an investor a long-time holder and brings success in the future...

[JayJuanGee]

[edited out]

I think the key point is that no one can accurately predict what their financial situation will look like 10years from now

That does not seem to be the point that I was making.  Guys should be striving to have some ideas about where they might be going, especially if they are planning to invest 10 years or more.

If you have no fucking clue, then you are more likely to have little to no ability to commit or even to strive to invest in bitcoin, but instead gamble and/or trade with it.

, job change expenses come up and life can take unexpected turns that's why a long term Bitcoin strategy works best when it's flexible.

Sure.  There is nothing wrong with keeping aspects of your life open, yet at the same time, it is also likely a good idea to try to have some realistic targets that go into the future, perhaps 10 years or longer.

Invest what one can consistently without putting oneself under financial stability and adjust as your own circumstances change building wealth in is usually more about discipline and patience than trying to predict the future .

It seems more likely that people will have more solid plans when it is several weeks or several months into the future, and the further out the timeline, then the more uncertainties. So, it is unlikely that we can just lock into a 10-year plan without having any flexibility unless maybe we are at a certain stage of our life that we might have gotten into a job (or line of work) that seems that it might last us 10 years or longer.  Otherwise, yeah, there may be some needs to be flexible.

Another thing might be some guys who are in their late 40s or mid-50s or even older, and if they are considering getting into bitcoin, then they are at a later stage of their career, yet the fact that they are older does not mean that they are not able to figure out a 4-10 year or even longer timeline for investing into bitcoin, and they may or may not have more career certainty or maybe they have investments that they had already made that they would be willing to reallocate some or all of the value into bitcoin... so not everyone who is a newbie to bitcoin is a newbie to investment or not even a newbie to life experiences.

[edited out]

There are three motives for holding money and emergency fund and descretionary fund is not mentioned..(1)  Transaction motive: this is to carry out day to day financial activities before your payday (2) Precautionary motive: this is used for unforseen circumstances (3) speculative motive: this is for asset buying, targeting the market indices for investment and buying of market stock. So instead of descretionary fund it is speculative fund you used to buy Bitcoin. We mistake speculative fund for descretionary fund.

You sound like either a bot or retarded - like you are stringing together "buzz" words and then just making up a bunch of random nonsense by spouting out the "buzz" words in a random order and without having any clue about what the words actually mean..

[Gragebox]

Yet, it seems to me that getting the bitcoin stash to a high enough level remains part of the calculation, and many times all that guys have to invest into bitcoin is their income as it comes in, yet there may also be times where guys are able to generate extra income or maybe they had other investments that they could move into bitcoin in order to grow it faster than typical guys need to take in order to build up their bitcoin stash size.

You are correct. The fact is building a reasonable bitcoin portfolio is not actually about waiting for the perfect opportunity as some folks claimed, the bitcoin success or progresses is normally made by one's habits and mindset towards it, if one developing a habit of purchasing bitcoin with already available discretionary income regularly irrespective of the market price conditions, no matter how the amount may be seen at the beginning, believe you me is the best approach to succeed in bitcoin investment. Then a reasonable investor will also be reallocate any additional cash that comes up,like maybe profits from another own businesses or the person's side hustle or sells of some assets can certainly accelerate his bitcoin accumulation process. But those has to seen as bonuses or an advantages/opportunity to boost your bitcoin accumulation not a perquisites. However delaying purchases due to maybe expecting a huge amounts later may result waisting of time and energy in the market. Despite the occasional buying of bitcoin normally help the investment more faster, but it's better build a sustainable bitcoin accumulation by consistency over time.

DCA is a method where we buy whatever the price is. If you buy regularly within your budget using DCA, you can set the level of aggressiveness based on that regular buying. But there is no guarantee that you will have extra money to buy when the price drops unless you save money. Whether or not to save money, and if so, how much to save, can be a good or bad decision depending on where the person is in their Bitcoin accumulation journey. When an individual receives an unexpected extra amount of money during a price drop or as a result of a price drop, they start thinking about ways to raise additional funds or reallocate some of the money they had allocated to another sector into Bitcoin.

It is right that DCA functions better if applied consistently rather than through trying to time the market. The practice of maintaining regular purchases takes the emotions out of trading and creates a long-term position. Nevertheless, the availability of some additional money will also come in handy in case there is a considerable decline in the Bitcoin rate. The difficulty lies in the fact that not all people can have some additional money at such times. This is why financial planning is crucial. You should never jeopardize your basic needs just to get more Bitcoin. The decision whether to maintain the reserve of funds or not is dependent on personal factors.

[BluebloodCXVI]

In my opinion Auxiliary assets, such as emergency and reserve funds, give us with a buffer, allowing us to avoid situations in which we may be forced to spend Bitcoin against our will. These additional funds do not guarantee that our Bitcoin will be totally secured from all possible undesirable events.

*. WTF do you mean by auxiliary assets?. I’m tired of seeing all this big big words being thrown around just to explain something as simple as backup funds.
*. Do not mix up the functions of emergency funds and reserve funds together. Even though they are both back up funds, they serve different purposes and i have already highlighted their differences in this my post here.
*. If by additional funds you mean emergency then perhaps you are right. I personally see emergency funds as a first line of defense against any unforeseen circumstances that may arise during a person’s accumulation phase but of course it cannot guarantee full protection from every unexpected occurrence because nobody has a crystal ball to know the kind of unforeseen events that may occur in the future and your emergency funds may not be able to cover for everything even though you might have stacked up a significantly large amount of emergency funds; we can only hope and pray that we don’t experience situations that are beyond our control.

[edited out]

There are three motives for holding money and emergency fund and descretionary fund is not mentioned..(1)  Transaction motive: this is to carry out day to day financial activities before your payday (2) Precautionary motive: this is used for unforseen circumstances (3) speculative motive: this is for asset buying, targeting the market indices for investment and buying of market stock. So instead of descretionary fund it is speculative fund you used to buy Bitcoin. We mistake speculative fund for descretionary fund.

You sound like either a bot or retarded - like you are stringing together "buzz" words and then just making up a bunch of random nonsense by spouting out the "buzz" words in a random order and without having any clue about what the words actually mean..

I was also perplexed as you when i saw all the gibberish he was spewing; reading it made me feel like i lost some brain cells.

[Decimetre]

Yet, it seems to me that getting the bitcoin stash to a high enough level remains part of the calculation, and many times all that guys have to invest into bitcoin is their income as it comes in, yet there may also be times where guys are able to generate extra income or maybe they had other investments that they could move into bitcoin in order to grow it faster than typical guys need to take in order to build up their bitcoin stash size.

You are correct. The fact is building a reasonable bitcoin portfolio is not actually about waiting for the perfect opportunity as some folks claimed, the bitcoin success or progresses is normally made by one's habits and mindset towards it, if one developing a habit of purchasing bitcoin with already available discretionary income regularly irrespective of the market price conditions, no matter how the amount may be seen at the beginning, believe you me is the best approach to succeed in bitcoin investment. Then a reasonable investor will also be reallocate any additional cash that comes up,like maybe profits from another own businesses or the person's side hustle or sells of some assets can certainly accelerate his bitcoin accumulation process. But those has to seen as bonuses or an advantages/opportunity to boost your bitcoin accumulation not a perquisites. However delaying purchases due to maybe expecting a huge amounts later may result waisting of time and energy in the market. Despite the occasional buying of bitcoin normally help the investment more faster, but it's better build a sustainable bitcoin accumulation by consistency over time.

DCA is a method where we buy whatever the price is. If you buy regularly within your budget using DCA, you can set the level of aggressiveness based on that regular buying. But there is no guarantee that you will have extra money to buy when the price drops unless you save money. Whether or not to save money, and if so, how much to save, can be a good or bad decision depending on where the person is in their Bitcoin accumulation journey. When an individual receives an unexpected extra amount of money during a price drop or as a result of a price drop, they start thinking about ways to raise additional funds or reallocate some of the money they had allocated to another sector into Bitcoin.

It is right that DCA functions better if applied consistently rather than through trying to time the market. The practice of maintaining regular purchases takes the emotions out of trading and creates a long-term position. Nevertheless, the availability of some additional money will also come in handy in case there is a considerable decline in the Bitcoin rate. The difficulty lies in the fact that not all people can have some additional money at such times. This is why financial planning is crucial. You should never jeopardize your basic needs just to get more Bitcoin. The decision whether to maintain the reserve of funds or not is dependent on personal factors.

Buying bitcoin always is what every good investor like doing especially if he has the financial know-how to do so. There are also people who have the financial Know-how and they don't invest in bitcoin maybe due to their fear of loosing money or because they are not financially wise to regulate their expenses and to figure out their discretionary income. Any form of waiting for the bitcoin price to drop is no longer a DCA method, rather it is a buying the dip method.

You're correct about the importance of financial planning because that is when you will understand how much your expenses is and how much you can spend on bitcoin buying. If you calculate wrongly, it will affect all your bitcoin or you may have to sell your bitcoin before the time you wanted to sell it.