Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

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.

In my opinion, there's nothing wrong with an investor observing other investors' profits, as long as it motivates them. For example, if we observe someone who has made significant profits from their BTC investment, or someone who has more BTC than us, it can motivate us to accumulate BTC. In my opinion, an investor can't be considered a trader if they observe other investors' profits, as long as they don't actually trade.

Yes, if we want to increase our discretionary income, we must be able to increase our own. However, investing in BTC is certainly a side business, so enjoy your investment and when accumulating BTC, enjoy it by using money you can afford to lose, or discretionary income.

it is wrong for you to show someone else or share with someone the amount of bitcoin you have in your holdings and the profit it has yielded over the years. This is very risky, there are different ways to encourage people and it is not by showing them how much profits your bitcoin holdings has yielded. Aside this , it may push them into wanting to take profits from there investment, they may not want to consider how long you have been holding your bitcoin and they will end up emulating you by beginning to take profits from there investment.

You are absolutely correct and this is where some folk make mistake because you don't have to show someone your portfolio just to prove a point that is very wrong and you are indirectly making yourself vulnerable and prone to attack, robbery etc because sometimes people we call friends are not really what we call or think they are. I know some people can be very moved to showing people their portfolio maybe due to the little profit they have seen in there Investment but it's highly not advisable or wise to do.

[Agbam]

Money you can afford to lose isn’t the whole of your discretionary income it is only that part of the discretionary income you intentionally choose to invest with. The discretionary income is spent or divided into three uses; investment, Backup funds and discretionary spending. When people womanise, drink gamble and club that falls under discretionary spending and this we advise against, as investors that money is better utilised in increasing your investments and backup than those unnecessary spendings.

The part or percentage of your discretionary your willing to invest with is the “money you can afford to lose”. The rest can still serve other purposes including creating and maintaining a financial cushion.

It may be very difficult to determine the exact amount of money that can be lost. Someone may divide their discretionary fund into 2 parts or someone may divide it into 3 parts or someone may manage their discretionary fund differently. However, the amount of money that will not be needed for a long time or if lost, it will not have any impact on the quality of life, is basically the amount of money that is investable. You may not want to lose even a small part of your income, even if it is unnecessary. But the amount that you can save for a long time or if you lose it, your life will continue the same is the amount that can be "lost".

Moreover, the backup fund and ancillary funds are created from discretionary money. If those funds are lost, you will definitely suffer some loss or it will affect your quality of life. So even if those funds are created with discretionary money, you will not be willing to lose those funds.

Oh my gosh!. I don’t know why you guys are overthinking this and missing the point. The Phrase doesn’t mean that you’re going to lose your investment. It’s more of a psychological principle designed to protect you and your investment and finances.

Focusing on the literal meaning of the phrase beats the intention, we can’t keep going in circles about this. The investable money is the “money you can afford to lose” . It simply means in an eventuality of a bad situation, the lose of the funds wouldn’t affect much of your daily life or your financial stability.

It’s more of managing risk responsibly and not planning or expecting to lose your money or investment.

[Sulegzy39]

DCA is a way in which we purchase whatever the price is. If you use DCA to make regular purchases within your budget, you can adjust the amount of aggression accordingly. However, unless you save money, you cannot be certain that you will have enough money to buy when the price reduces. Whether or not to save money, and how much to save, can be a good or terrible option depending on where the individual is in their Bitcoin accumulation path.

When an individual obtains an unexpected quantity of money during or as a result of a price decline, they begin to consider ways to raise further funds or reallocate some of the money they had set aside for another sector into Bitcoin.

[Bigjoe33]

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.

Firstly, it should be made clear that the DCA strategy was not in any way designed to function as a means of timing market price before buying Bitcoin, nope. Timing the market before buying Bitcoin is called buying from the DIP, which is not a best method for plebs or even old time investors because it slows down your accumulation rate while waiting for the decline period, and of course, we can't even predict when that will happen. Hence the DCA, created to ensure regularity and consistency in Bitcoin accumulation no matter the current price.

Secondly, using the word 'Trading' in such a thread created mainly for Bitcoin investment and discussion isn't right and might be misleading. We major on Bitcoin investment and not trading. So next when explaining things, ensure to use the right terms for better clarity and understanding.

[SmartCharpa]

Some people's lives are more complex, with additional family duties. They devise strategies to deal with their challenges. So they can continue to develop their Bitcoin while also creating and maintaining a backup fund.

You don’t need to stress yourself looking for any other alternative way to increase your discretionary income. If you are investing gradually with the little you have, you don’t need to compete with other people. If you don’t have any other way to increase your income, do not invest outside your discretionary income, because that will result in too much stress because you might need that money tomorrow.

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.

As a real investor, we should not let our focus be on how much those who have been investing for the long term have gained. In fact, our focus should be on how much Bitcoin could be worth in the next 5 to 10 years. Even though we can be encouraged by what previous investors have gained from Bitcoin, we should also remember that they didn’t achieve it over night. As a result of their effort, dedication, and consistency for many years. We need to hold for the long term instead of chasing quick gains, in order to be successful too.

[Silikiem]

DCA is a way in which we purchase whatever the price is. If you use DCA to make regular purchases within your budget, you can adjust the amount of aggression accordingly. However, unless you save money, you cannot be certain that you will have enough money to buy when the price reduces. Whether or not to save money, and how much to save, can be a good or terrible option depending on where the individual is in their Bitcoin accumulation path.

When an individual obtains an unexpected quantity of money during or as a result of a price decline, they begin to consider ways to raise further funds or reallocate some of the money they had set aside for another sector into Bitcoin.

What do you mean by another sector into Bitcoin, or are you talking about diversifying ur investment into another investment. It is best that before an investor chose to diversify into another investment he should ensure to have accumulated a good amount of bitcoin to his portfolio and reach his accumulation target or over accumulation so that even when diversifying to another investment the attention won’t be overly divided in trying to handle them both. Because most investors fall out along the line when they start getting divided attention. And when diversifying it will be better to invest in some other ventures entirely different from Bitcoin.

[Crytohillss]

DCA is a way in which we purchase whatever the price is. If you use DCA to make regular purchases within your budget, you can adjust the amount of aggression accordingly. However, unless you save money, you cannot be certain that you will have enough money to buy when the price reduces. Whether or not to save money, and how much to save, can be a good or terrible option depending on where the individual is in their Bitcoin accumulation path.

When an individual obtains an unexpected quantity of money during or as a result of a price decline, they begin to consider ways to raise further funds or reallocate some of the money they had set aside for another sector into Bitcoin.

What do you mean by another sector into Bitcoin, or are you talking about diversifying ur investment into another investment. It is best that before an investor chose to diversify into another investment he should ensure to have accumulated a good amount of bitcoin to his portfolio and reach his accumulation target or over accumulation so that even when diversifying to another investment the attention won’t be overly divided in trying to handle them both. Because most investors fall out along the line when they start getting divided attention. And when diversifying it will be better to invest in some other ventures entirely different from Bitcoin.

Spreading your self too thin too early can become a problem, at the same time I think the right time to diversify depends on each persons financial situation and risk tolerance. for some individuals it makes sense to build a strong Bitcoin position first , while others may prefer to balance their investment from the starting. The important things is having a clear strategy and sticking to it instead of pursuing every new opportunities that comes your way.

[B-BossMan]

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.

Sured 💯. Old doesn't matter so age shouldn't be seen as a barrier for building a Bitcoin position, infacts  there are alot of older investors that sometimes brings more advantages that even younger investors may still be developing, such financial discipline, experienced on risk management towards investment and the investment habits also a clearler understanding of planning for long term.  So coming or entry th3 bitcoin late in life doesn't really eliminate the possibility of benefits from a several years bitcoin accumulation strategy. Moreover  bitcoin accumulation or bitcoin investment truly depends on one's patience for a long-term and financial management than age or how recently some people discover bitcoin.

[Skydrill]

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.

I don't think anybody would go into Bitcoin investment just to get into a competition with somebody about who might  accumulate more Bitcoin at the end, that seems like foolishness in the first place, rather than engaging in such a frantic race it is better and profitable for the individual to channel all the energy in developing multiple sources of income because that is one of the methods through which you can comfortably accumulate Bitcoin .