Buy Buy Buy or Sell Sell Sell?

[ultrloa]

You are a little wrong here. It is not that if you hold it for 4 years, there will be no loss. Your statement has become overly certain. Don't forget that even though Bitcoin is a strong asset in the long term, if we hold it for a certain cycle, we will not lose, the market never gives such a guarantee. How well you can be in a good position depends on whether you are buying with discretionary income, whether you are planning for the long term by keeping emergency funds, whether you are able to make decisions without buying emotionally when DIP comes, and these are all things. If you consider these things, then your situation may be better. Bitcoin is not always about avoiding loss or thinking about profit, but how much you can save gradually in a controlled manner. Profit may come but that will come later. Again, if you do not hold a certain cycle, loss cannot be avoided, this may also be a misconception.

We are investing into bitcoin and holdi for long term to limit the risk attached to bitcoin volatile nature which is losses. This is still the same reason why you're advice not to invest in short term to prevent you from losses when there's a dip so that, you don't panic and sell.

As for me, I'm trying all my possible best to avoid losses as I top up my bitcoin investment weekly and that's why we need our emergency funds and other backup funds in our long term bitcoin investment. However, as long as bitcoin price keeps increasing overtime, long term holders will always be in profit only if bitcoin price moves downtrend which I know that the odd of that happening is lower than it moving uptrend.

It's good you don't put profit in mind when accumulating bitcoin in order to stay focus and reach your bitcoin target but if you don't put losses in mind, you might choose to invest any how without considering the consequences of your actions that it will lead to loss. I am always cautious taking any action that will jeopardize with my bitcoin investment that will lead to regrets in the future.

This is why as a long term bitcoin investor, it's good to learn financial management as you are investing in order to assign the right funds for the right purpose. Why do you think that people are advice not to trade because you will run at loss in the long run since it's gambling. It's your duty to prevent your bitcoin investment from losses in order to put you in a better position financially in future.

What make long term investing good and sustainable its because it removes the panic, also possible losses which usually comes from doing short term trades. Having such long term thinking would protect their bought volumes since they provably will not think about selling it.

Staying cautious with possible losses and stay focus on their accumulation potentially give them the balance. They will not going to end up chasing profits, but also they will not do any reckless decision with those matters. As long as they are doing well and use their discretionary income, this will put them in strong position and they can potentially avoid those short term or gambling mindset just like what those people experiencing when they trade their Bitcoin for short term.

[ejikeme24]

Folks who choose to add shitcoins, memecoins and altcoins to their portfolio are not diversifying. They are simply gambling cos you can’t be diversifying to something that doesn’t have sustainable value.

It's fine if a person is diversifying into shitcoins, memecoins, or altcoin since that's what they want, I believe there are some altcoins that is doing well so guys can decide to risk some portion of Thier discretionary income to see how the future is going to look like. My only advice is before a person should think of diversifying Thier assets they need to make sure that they have reach their overaccumulation status Incase those assets they are diversifying into didn't work out they won't regret why they didn't wait until they get to thier overaccumulation status before diversifying into those assets.

Investors diversify to manage risks, grow and preserve wealth. So diversifying into shitcoins and other coins doesn’t count as one cause the risk increases even further. Diversification is not for every investor.

Are you saying that diversification is limited to some set of people? Nah, everybody can diversify rather Thier choice of investment is what matters. Because in the process of diversifying some folks end up making the wrong choice of investment and start regretting in the future, So if it were possible I would have suggest that any person that doesn't know the asset they are going to diversify into should only stick to Bitcoin investment even though they have reach their overaccumulation status they should keep accumulating to meet another overaccumulation status if possible rather than wasting their money in pump and dumb coins.

[Silikiem]

If a person has the ability to repay the loan and if he is not willing to repay the loan by making a profit from the investment and if he takes a loan based on his financial situation, then he can definitely invest with a loan.

Investing with a loan have advantages and disadvantages, the advantages is when you make a profit and also when you know the right time to invest..why the disadvantages, is that if you lose you will repay the loan from another source that will give you funds to repay your loan...

However, if a person takes a loan without depending on his financial situation and depends on Bitcoin to repay the loan,

If you took a loan to invest in bitcoin, and eventually you make a profit during the time you invested in Bitcoin, you will repay your loan safely..Depending on bitcoin to pay your loan is risk, but theirs every tendency that your dreams to repay with bitcoin can come to reality..

it will not be a right decision for all these people to invest with a loan. If a person invests with a loan in such a situation, then he has become involved in gambling. We should always pay attention to our own safety, so that we do not put our investment at risk due to any kind of wrong decision.

Actually it's not encouraging for someone to use a loan and invest..but if the person is lucky it can make it through loan he took to invest..besides, most of the entrepreneurs took a loan to establish their business, but it depends the kind of business you wants to goes in with the investment..it's not really bad to use loan and invest for what that will uplift you.

I think the idea of taking our loans to invest in bitcoin and relying on the performance of your Bitcoin investment to repay your loan is a wrong approach because in bitcoin investment there’s no guarantee of profit so anyone trying to engage himself in such act is just gambling. The only exception I can advise someone to take out loan to invest in bitcoins is when the individual is not dependent upon the performance of his bitcoin investments to repay back the loan. Normally, it is advisable that anyone taking out Loan, be it for bitcoin investment or not must be able to make an adequate and clear plans of repaying back the loan. Even when a government is giving out loans to its citizens they don’t just do it blindly, they usually ensure that the individual taking the loan have a reliable means of paying back the loan especially if the individual is a working class person and sometimes they deduct the loan payment from their salary at work. In most cases a collateral is usually involved while taking out loan in order to enable the issuer of the loan to recover their money if the debtor is unable to pay back. There’s never a guarantee of profit in bitcoin so it will be very unwise taking out loans to invest in bitcoin and still rely on the performance of the bitcoin investment to repay the loan because it has every potential of making you a trader and not an investor because at the end of the day you’ll sell your bitcoin even when is not of your own willing thereby destroying the long term goal just to pay back the loan and you might be selling at a loss due to the volatility of bitcoin

[Jody.Drummer]

You are a little wrong here. It is not that if you hold it for 4 years, there will be no loss. Your statement has become overly certain. Don't forget that even though Bitcoin is a strong asset in the long term, if we hold it for a certain cycle, we will not lose, the market never gives such a guarantee. How well you can be in a good position depends on whether you are buying with discretionary income, whether you are planning for the long term by keeping emergency funds, whether you are able to make decisions without buying emotionally when DIP comes, and these are all things. If you consider these things, then your situation may be better. Bitcoin is not always about avoiding loss or thinking about profit, but how much you can save gradually in a controlled manner. Profit may come but that will come later. Again, if you do not hold a certain cycle, loss cannot be avoided, this may also be a misconception.

We are investing into bitcoin and holdi for long term to limit the risk attached to bitcoin volatile nature which is losses. This is still the same reason why you're advice not to invest in short term to prevent you from losses when there's a dip so that, you don't panic and sell.

As for me, I'm trying all my possible best to avoid losses as I top up my bitcoin investment weekly and that's why we need our emergency funds and other backup funds in our long term bitcoin investment. However, as long as bitcoin price keeps increasing overtime, long term holders will always be in profit only if bitcoin price moves downtrend which I know that the odd of that happening is lower than it moving uptrend.

It's good you don't put profit in mind when accumulating bitcoin in order to stay focus and reach your bitcoin target but if you don't put losses in mind, you might choose to invest any how without considering the consequences of your actions that it will lead to loss. I am always cautious taking any action that will jeopardize with my bitcoin investment that will lead to regrets in the future.

This is why as a long term bitcoin investor, it's good to learn financial management as you are investing in order to assign the right funds for the right purpose. Why do you think that people are advice not to trade because you will run at loss in the long run since it's gambling. It's your duty to prevent your bitcoin investment from losses in order to put you in a better position financially in future.

What make long term investing good and sustainable its because it removes the panic, also possible losses which usually comes from doing short term trades. Having such long term thinking would protect their bought volumes since they provably will not think about selling it.

Staying cautious with possible losses and stay focus on their accumulation potentially give them the balance. They will not going to end up chasing profits, but also they will not do any reckless decision with those matters. As long as they are doing well and use their discretionary income, this will put them in strong position and they can potentially avoid those short term or gambling mindset just like what those people experiencing when they trade their Bitcoin for short term.

One of the things that must be considered when investing is how to maintain it, because this is better for the long term, indeed we must be able to protect it and one way is not to worry about losses even though there is a chance that it will happen or eliminate panic as you say. In addition, in order for this investment to survive in the long term, another thing to consider is an emergency fund, the purpose of which is to protect investments so that they are not disturbed. I agree with you, focusing on this accumulation can potentially provide a balance by paying attention to other things as well so that the investment made continues to run well by not focusing on profits alone that can make this investment last in the short term.

[SPIDERMAN008]

If people can borrow money to build a startup company that have very high risk of failure then don't you think that someone can actually borrow to invest in Bitcoin? Let us examine the feasibilities, there are government loans that repayment can take up to 5 years after some years of moratorium, in such situation, someone can take such loans to invest in Bitcoin and hold for that 8+ years of the loan and may even begin paying back from other sources before the tenor of the loan so that the entire investment becomes your money. From records, Bitcoin have been very profitable than even most startups, hence the risk in Bitcoin is far lower. I believe that some loans are ideal for Bitcoin investment and anyone who have access to such loan should not be discourage from dreaming big with Bitcoin.

Why is some people misunderstanding this things, for me newbies should not have anything to do with loan for the purpose of investing in Bitcoin, the reasons are clear, the do not have much knowledge to handle things at that early stage of their Bitcoin investment, so their major concern should be how to invest with their discreationary income consistently with the DCA method, I think accessing loan to invest in Bitcoin should be done by those that been part of the investment for awhile, I mean those that have been investing in bitcon that has plans made to repay their loan whether weekly or monthly based on the agreement they reached with the loan facility and the must know that Bitcoin investment is for a long-term and should not have in mind to repay their loan from their hodling, if not, they will get it wrong.

I agree with you. New investors should avoid risks at the beginning and make continuity in their investments. If they start investing in Bitcoin with a loan at the beginning, then in the future they will panic if the price of Bitcoin decreases a little. Because they have less experience, besides the pressure of debt will make them more mentally unstable, which will create a very bad situation for them. And if they face such problems at the beginning, they will lose their ability to invest in Bitcoin, as a result of which they will not be able to hold for a long time and will not be able to continue accumulating Bitcoin continuously. I think that no one, whether a new investor or an experienced investor, should invest in Bitcoin with a loan. It is most convenient to do DCA continuously through discretionary income. And it is an effective for everyone..

[PhilosopherKing]

It's fine if a person is diversifying into shitcoins, memecoins, or altcoin since that's what they want, I believe there are some altcoins that is doing well so guys can decide to risk some portion of Thier discretionary income to see how the future is going to look like. My only advice is before a person should think of diversifying Thier assets they need to make sure that they have reach their overaccumulation status Incase those assets they are diversifying into didn't work out they won't regret why they didn't wait until they get to thier overaccumulation status before diversifying into those assets.

Shitcoin will always be shitcoins, it will pump and then crash. So what makes you think we give a fuck about if a shitcoin is doing well? Just because you think some shitcoin is currently pumping dosen't mean it is right thing for guys to start fucking around with it . What is the point of ongoingly accumulating a coin that has no value.That gambling and a total waste of time, energy and money

Even if person want to take the risk of gambling on shitcoin, they should use just a very very small percentage of their discretionary income to do it. But there isn't any guarantee that it will bring good results, person should just know that.

[Marvelockg]

If people can borrow money to build a startup company that have very high risk of failure then don't you think that someone can actually borrow to invest in Bitcoin? Let us examine the feasibilities, there are government loans that repayment can take up to 5 years after some years of moratorium, in such situation, someone can take such loans to invest in Bitcoin and hold for that 8+ years of the loan and may even begin paying back from other sources before the tenor of the loan so that the entire investment becomes your money. From records, Bitcoin have been very profitable than even most startups, hence the risk in Bitcoin is far lower. I believe that some loans are ideal for Bitcoin investment and anyone who have access to such loan should not be discourage from dreaming big with Bitcoin.

Why is some people misunderstanding this things, for me newbies should not have anything to do with loan for the purpose of investing in Bitcoin, the reasons are clear, the do not have much knowledge to handle things at that early stage of their Bitcoin investment, so their major concern should be how to invest with their discreationary income consistently with the DCA method, I think accessing loan to invest in Bitcoin should be done by those that been part of the investment for awhile, I mean those that have been investing in bitcon that has plans made to repay their loan whether weekly or monthly based on the agreement they reached with the loan facility and the must know that Bitcoin investment is for a long-term and should not have in mind to repay their loan from their hodling, if not, they will get it wrong.

I agree with you. New investors should avoid risks at the beginning and make continuity in their investments. If they start investing in Bitcoin with a loan at the beginning, then in the future they will panic if the price of Bitcoin decreases a little. Because they have less experience, besides the pressure of debt will make them more mentally unstable, which will create a very bad situation for them. .

Either you're just getting started or you're already in the middle of your investment journey, it's not wise to take up a loan for your investment needs. The kind of pressure you're going to put on yourself in doing so will be extremely much.

Imagine you're to invest for eight years and you're taking up a loan as part of your investment capital. What's the implication of that? You're going to continue paying off that loan or the interest for as much as you're invested in bitcoin? It doesn't work that way na. Any amount you're putting into bitcoin should be something you can do without and that's what keeps you invested for the long term.

[JayJuanGee]

100 weeks is about 2 years.
Are you trying to proclaim that you @whiteblue have only been accumulating bitcoin for less than 2 years even though you have a forum registration date that goes back to June 2014?
There are a lot of guys who are still in their early bitcoin accumulation stages, and for sure they should not be fucking around with strategies that might impair their ongoing bitcoin accumulation.

There have been many times in bitcoin's history where guys were calling for significantly lower bitcoin prices by a certain date, and those predictions ended up being incorrect.  I doubt that guys in their bitcoin accumulation phase are advantaged by waiting rather than ongoingly buying bitcoin, especially when we cannot know whether such a dip will happen in terms of either the extent or the timeline. 
There are some guys who will DCA with a portion of their available money, such as 80% and then they will just hold off on the other portion, such as 20%, and then the 20% is building up with the passage of time, so they are still left with a bit of a dilemma regarding under what circumstances to deploy the part that had been building up. 

These are not easy choices, which may be part of the reason that many guys in their early accumulation stage remain focused on ongoing accumulation and buying of bitcoin rather than trying to figure out whether or not dips are going to happen, and if the dips end up happening, then they just continue to buy within their DCA budget, whether those DCA buys are weekly or on some other timeline.  I personally like weekly buys, yet even with weekly buys it still can be difficult to time dips, even if guys might manually deploy weekly buys and try to identify dips within each of the weekly buys.

Yes, that's how it is, Sir. In the past, there have been many mistakes, Both unintentional and intentional, that led me to sell my Bitcoin, and I deeply regret that poor decision at the time.
Wrong decisions are usually driven by existing profits, so I never expected Bitcoin to reach this level. In my country, there was a lot of news that Bitcoin was a scam, so we made the wrong decision by cashing in. and at that time, We still have minimal knowledge about Bitcoin.

I'm not ashamed to share this because mistakes are the best experience, Allowing us to learn how to Invest as best as possible without making any intentional or unintentional mistakes.

Of course, it is possible to both learn from mistakes and to become motivated by the mistakes, perhaps to figure out and to follow better strategies that would not lead you to the same mistakes or similar mistakes.

Sometimes we can have bad practices and/or bad ways of thinking yet we still might have troubles to identify our earlier mistake(s) or to come up with ways to lessen the likelihood that we will make the same or similar mistakes within a slightly different context.

And, of course, you are the best person to figure out your various earlier mistakes, yet sometimes any of us still might gain some insight when we work out some of our ideas through forum threads, yet also there might also be times in our lives in which our income might have had been lower and/or our expenses might have had been higher or even more difficult to figure out since we could have had less control over figuring out the difference between our needs and our wants.

It tends to take a long time to both build wealth and to also make sure that we do not end up falling off course in one way or another, especially if we might have ongoing circumstances in which we are having difficulties increasing our discretionary funds, so there can be frustrations, even if we accept that our investment timeline might be quite a bit longer than 10 years before we might end up transitioning away from strict and ongoing accumulation of bitcoin through buying.

Surely, you had stated that you might ONLY be around 2 years into your investment into bitcoin, and the last two years in bitcoin have not been easy, and it seems that many times if bitcoin newbies might be able to only invest around 10% or less than 10% of their income on a regular basis, then they likely are going to need to spend 15 years or more investing into bitcoin as compared with guys who might be able to invest higher amounts of their income into bitcoin, such as more than 15% or even up to 25% of their income, and surely those levels of abilities to invest into bitcoin are not easy, since it can be quite challenging for guys to earn enough discretionary income in order to have the capacity to be able to ongoingly and sustainably invest higher levels of their income into bitcoin on a regular and persistent basis.

So, yeah, even if we might be able to invest relatively high amounts of our income into bitcoin, we have to make sure that we are not neglecting other aspects of our lives and making sure that our basic expenses are being sufficiently paid and that we are also making sure that we have back up funds and even discretionary consumption, so that we are both psychologically comfortable but also that we have cash cushions for situations in which our income could end up going down and/or our expenses end up going up.

Remember I participated in your thread in which you were describing ways to get 1 BTC, which surely seemed like you were not really going through some the realistic calculations if you  really think that getting 1 BTC or perhaps more than one BTC is both feasible for yourself and might put you in a sufficiently comfortable status to have had achieved such a quantity of bitcoin, if your plans end up working out to get you to such an accumulated bitcoin amount and to be able to also manage it once you were to be able to get your potential bitcoin stash size to such levels.

Folks who choose to add shitcoins, memecoins and altcoins to their portfolio are not diversifying. They are simply gambling cos you can’t be diversifying to something that doesn’t have sustainable value.

It's fine if a person is diversifying into shitcoins, memecoins, or altcoin since that's what they want, I believe there are some altcoins that is doing well so guys can decide to risk some portion of Thier discretionary income to see how the future is going to look like. My only advice is before a person should think of diversifying Thier assets they need to make sure that they have reach their overaccumulation status Incase those assets they are diversifying into didn't work out they won't regret why they didn't wait until they get to thier overaccumulation status before diversifying into those assets.

Investors diversify to manage risks, grow and preserve wealth. So diversifying into shitcoins and other coins doesn’t count as one cause the risk increases even further. Diversification is not for every investor.

Are you saying that diversification is limited to some set of people? Nah, everybody can diversify rather Thier choice of investment is what matters. Because in the process of diversifying some folks end up making the wrong choice of investment and start regretting in the future, So if it were possible I would have suggest that any person that doesn't know the asset they are going to diversify into should only stick to Bitcoin investment even though they have reach their overaccumulation status they should keep accumulating to meet another overaccumulation status if possible rather than wasting their money in pump and dumb coins.

You sound really lost in your discussion of possible diversification into shitcoins and even considering whether there is any practicality in fucking around with shitcoins.

It is quite likely that it is better to stay focused on both figuring out bitcoin and also building up a bitcoin stash for several years, perhaps even 4 years or more before even making any allocation to shitcoins (or trading and/or gambling). Frequently I suggest that if guys even consider shitcoins, trading and/or gambling because they cannot resist the temptation, then they should at least try to limit their exposure to that inferior crap to 10% or less of the size of their bitcoin investment (without cheating), and so at least when they end up losing money and wasting their time and energy with that nonsense, then maybe at least they had not allocated more than 10% of their time, energy and/or value to such inferior endeavors.

[ZeroVinsonN]

Diversification only makes sense when it's backed by a clear plan not just purchasing a little of everything hoping something takes off at the same time focusing on one assets like Bitcoin can be a smart move if that's where one have done did his homework and have the most convinction. In the end it's Less about how many assets one own and more about having a good strategy one can stick with consistently.

In addition, diversification doesn't only make sense when it is backed by clear plan but also when the plan is towards something that is reasonable and worthy of. You can have a clear plan on shit coin but you and I know that, shitcoin is not worthy to diversify into yet you can have a clear plan that is why it is not just about having clear plan but it should be on something that is worthy of it or something that is worth diversifying into.

Some people are even yet to reach a good stage of their Bitcoin investment journey yet they choose to diversify into shitcoins instead to focus on managing their Bitcoin investment properly so they'll achieve good result in the future. Diversifying to shitcoins while trying to build a better Bitcoin portfolio would definitely lead to complications.

 If someone has chosen Bitcoin as an investment option then it's best to focus on it, instead of adding distractions in the name of diversifying to shitcoins which is less worthy of giving attention to. It's the kind of things that disrupt investors from achieving their investment goals.

Folks who choose to add shitcoins, memecoins and altcoins to their portfolio are not diversifying. They are simply gambling cos you can’t be diversifying to something that doesn’t have sustainable value.

Investors diversify to manage risks, grow and preserve wealth. So diversifying into shitcoins and other coins doesn’t count as one cause the risk increases even further. Diversification is not for every investor.

It is better the normal guy just focuses on his bitcoin accumulation and remain consistent rather than trying to divert efforts into other things until you’ve achieved your bitcoin investment goal.

You are even splitting them apart making them look like something fundamentally different from eachother, they are all shitcoins and should be avoided, if a person can't control their greed and really want to experiment then they can decide to use around 10% the value of their bitcoin to get into shitcoins, I'm not saying to sell their bitcoin for it but that if they have $1k in bitcoin then their altcoins shouldn't be over $100 and this is for people who can't control themselves but for those who are still in control of their own minds then there is no reason for them to be talking about diversifying into shitcoins.

[Fash33]

Investors diversify to manage risks, grow and preserve wealth. So diversifying into shitcoins and other coins doesn’t count as one cause the risk increases even further. Diversification is not for every investor.

Are you saying that diversification is limited to some set of people? Nah, everybody can diversify rather Thier choice of investment is what matters. Because in the process of diversifying some folks end up making the wrong choice of investment and start regretting in the future, So if it were possible I would have suggest that any person that doesn't know the asset they are going to diversify into should only stick to Bitcoin investment even though they have reach their overaccumulation status they should keep accumulating to meet another overaccumulation status if possible rather than wasting their money in pump and dumb coins.

You sound really lost in your discussion of possible diversification into shitcoins and even considering whether there is any practicality in fucking around with shitcoins.

It is quite likely that it is better to stay focused on both figuring out bitcoin and also building up a bitcoin stash for several years, perhaps even 4 years or more before even making any allocation to shitcoins (or trading and/or gambling). Frequently I suggest that if guys even consider shitcoins, trading and/or gambling because they cannot resist the temptation, then they should at least try to limit their exposure to that inferior crap to 10% or less of the size of their bitcoin investment (without cheating), and so at least when they end up losing money and wasting their time and energy with that nonsense, then maybe at least they had not allocated more than 10% of their time, energy and/or value to such inferior endeavors.

Many beginners get distracted by shitcoins too early, and instead for them growing their bitcoins holdings they endup spending their funds into assets with much higher risk, the best approach I can suggest is to stay focused on bitcoin for couple of years and spend time to build strong bitcoin position before thinking of any other thing else.

Most especially for beginners, building a bitcoin position and continuing with learning is the best approach, using a consistent DCA method to accumulating bitcoin over long term is much more discipline, once investor has built himself a meaningful bitcoin position and also gained enough experience.  They can decide whether they can explore other assets. Until then keeping bitcoin as the main priority and leave aside shitcoins, that’s the wiser decisions.

[Solokan]

I'll always be a little cautious about taking out a loan. Because the loan itself is not considered discretionary income. Rather, a loan generally creates a debt against your future earnings. Even if you have a loan repayment plan, a loan can put a strain on your investment. You are probably aware that no one can predict when the price of Bitcoin will rise or fall. On the other side, the time to repay the debt is not delayed.

So, regardless of how much you intend to repay the loan, there is still some danger. It can be especially dangerous to take out a loan in the hopes of getting a speedy outcome. Because perhaps his strategy is that if the price rises, he will sell it to repay the loan. This is one of the major hazards in the savings process. I'm not claiming that loans are absolutely harmful for everyone. However, we can make decisions after evaluating all options.

Your words are very good, and it's true that having debt will certainly make things different from those without debt. Those without debt will certainly be relaxed and comfortable, while those who borrow money and use it to buy BTC will certainly make them potentially indecisive and will likely adopt the attitude of a trader who constantly monitors the market

Indeed, considering the btc cycle, which always creates new highs, many people are certainly willing to borrow money to buy BTC because they can repay when the price rises. However, of course, we don't know what will happen to BTC in the future, although there is the potential for an even higher price. So, it would be better not to borrow money to invest in btc

[Halifat]

I'll always be a little cautious about taking out a loan. Because the loan itself is not considered discretionary income. Rather, a loan generally creates a debt against your future earnings. Even if you have a loan repayment plan, a loan can put a strain on your investment. You are probably aware that no one can predict when the price of Bitcoin will rise or fall. On the other side, the time to repay the debt is not delayed.

So, regardless of how much you intend to repay the loan, there is still some danger. It can be especially dangerous to take out a loan in the hopes of getting a speedy outcome. Because perhaps his strategy is that if the price rises, he will sell it to repay the loan. This is one of the major hazards in the savings process. I'm not claiming that loans are absolutely harmful for everyone. However, we can make decisions after evaluating all options.

Your words are very good, and it's true that having debt will certainly make things different from those without debt. Those without debt will certainly be relaxed and comfortable, while those who borrow money and use it to buy BTC will certainly make them potentially indecisive and will likely adopt the attitude of a trader who constantly monitors the market

Indeed, considering the btc cycle, which always creates new highs, many people are certainly willing to borrow money to buy BTC because they can repay when the price rises. However, of course, we don't know what will happen to BTC in the future, although there is the potential for an even higher price. So, it would be better not to borrow money to invest in btc

You have actually said it perfectly, it is a very wrong move for anyone to borrow money to invest in Bitcoin because just as you said someone who invested with debt will not feel comfortable like someone who use his money to invest without any debt, borrowing money to invest bring a lot of tensions which pushes you to even sell your Bitcoin at any price even though the price is low, in this case there is no any option rather than losing your asset because you have to repay the loan.

I don't even see reason why someone want ahead and borrow to invest in Bitcoin, i don't know what to come over their mind in making this kind of decision because best investment in Bitcoin is a long term investment and it tooks 4 to 10 years of holding your bitcoin asset. So anyone that is borrowing money to invest in Bitcoin and calling himself as an investor, is actually in a very wrong position because real investors don't borrow money, only Traders use this method.

[Princess Leah]

You are even splitting them apart making them look like something fundamentally different from eachother, they are all shitcoins and should be avoided, if a person can't control their greed and really want to experiment then they can decide to use around 10% the value of their bitcoin to get into shitcoins, I'm not saying to sell their bitcoin for it but that if they have $1k in bitcoin then their altcoins shouldn't be over $100 and this is for people who can't control themselves but for those who are still in control of their own minds then there is no reason for them to be talking about diversifying into shitcoins.

I agree with you dear, shitcoins are for traders, people who love to take high risk for quick money not investors, shitcoins shouldn't be considered as a long term investment option cause unlike Bitcoin their price can be influenced by the project owners instead of users through demand and supply.

 So instead of holding a coin with too much hype and dump, it's better to invest in something that's proven to be rewarding when held longer which is Bitcoin, holding any coin asides it for long term is not encourageable and people who insist on it would do doing so at their own risk.

[MusaPk]

Putting all your focus on several things will make you make mistakes easily, and as a matter of fact, you might crumble along the way while doing it, once you have any challenges financially in the future, that's why it's best to focus on one thing at a time.
And if you are focusing on Bitcoin investment, what you should do is to accumulate consistently until you have gotten to your over accumulation status or closer to it, that is when you can choose to diversify into land or real estate, not by trying to do everything at a time that may likely not work out as planned.

There is well known saying that "jack of all, master of none". Its very easy to say to diversify your portfolio by investing in different sectors but its easier said then done. Every market has its own dynamics, which we have to understand. If we talk about Bitcoin since this is why we are here on this forum and on this thread then their are many things about Bitcoin which we need to understand in order to get desired results. Why we must focus on Bitcoin only is the way it evolved in last 17 years and that gives confidence to keep investing in Bitcoin to improve our financial status in coming years.  

[Kelward]

Putting all your focus on several things will make you make mistakes easily, and as a matter of fact, you might crumble along the way while doing it, once you have any challenges financially in the future, that's why it's best to focus on one thing at a time.
And if you are focusing on Bitcoin investment, what you should do is to accumulate consistently until you have gotten to your over accumulation status or closer to it, that is when you can choose to diversify into land or real estate, not by trying to do everything at a time that may likely not work out as planned.

There is well known saying that "jack of all, master of none". Its very easy to say to diversify your portfolio by investing in different sectors but its easier said then done. Every market has its own dynamics, which we have to understand. If we talk about Bitcoin since this is why we are here on this forum and on this thread then their are many things about Bitcoin which we need to understand in order to get desired results. Why we must focus on Bitcoin only is the way it evolved in last 17 years and that gives confidence to keep investing in Bitcoin to improve our financial status in coming years.  

There is also a saying that "don't put all your eggs in one basket" so it means that if you have the capability to be involved in more than one investment you should go for it, what matters is if you have enough discretionary funds to buy them. We shouldn't box ourselves into only one investment when we know that we like to diversify our funds into different types of assets, you can choose to allocate more funds to one asset than the other.

Haven't you guys heard that there is no guarantee that Bitcoin must give you profit when you plan to take it after many years so it's not advisable to invest in only Bitcoin in the next 17 years just because it gave profit in the last 17 years or thereabout. You can choose to priotize Bitcoin investment but don't neglect any other investments that also have potentials to give you profit in the future provided you have sufficient discretionary funds for them. Remember to DYOR before investing in any assets because there are lots of scam investments out there but as far as cryptocurrency goes you should choose only Bitcoin for long term investment.

[alankasman]

You have actually said it perfectly, it is a very wrong move for anyone to borrow money to invest in Bitcoin because just as you said someone who invested with debt will not feel comfortable like someone who use his money to invest without any debt, borrowing money to invest bring a lot of tensions which pushes you to even sell your Bitcoin at any price even though the price is low, in this case there is no any option rather than losing your asset because you have to repay the loan.

I don't even see reason why someone want ahead and borrow to invest in Bitcoin, i don't know what to come over their mind in making this kind of decision because best investment in Bitcoin is a long term investment and it tooks 4 to 10 years of holding your bitcoin asset. So anyone that is borrowing money to invest in Bitcoin and calling himself as an investor, is actually in a very wrong position because real investors don't borrow money, only Traders use this method.

Our comfort in making investments is completely non-existent because we always think about how to repay the debts we have taken from those who gave it to us because in investing there is actually no need to borrow for example, this month we do not have any income at all so that in that month we cannot invest but it is not a problem to not do it in that month rather than continuing to do it but the money we do on the investment is the result of the loan we made to other people so that in every loan there must be rules that must be done and the rule is the end of the loan period what if it cannot be paid off as per their agreement so that this becomes a new problem for those who invest by forcing themselves to continue investing.

For us, there is no need for more reasons what we need to do is that we don't need to do the same thing as they do by borrowing from other people and at times like that we don't need to think about many things and it's better not to invest in Bitcoin as long as we don't have our own income, even though the income we get is sometimes very small but we are never tied to people so that with the small amount we do we are always consistent and the comfort we feel is in enjoying the investment we make because this happens because it is directed at our decision to do it because if we don't want to do it that way maybe we will be calmer in investing with the long-term pattern that we do even though it's a little we can set the direction we want to do.

[Gallar]

If a person has the ability to repay the loan and if he is not willing to repay the loan by making a profit from the investment and if he takes a loan based on his financial situation, then he can definitely invest with a loan. However, if a person takes a loan without depending on his financial situation and depends on Bitcoin to repay the loan, it will not be a right decision for all these people to invest with a loan. If a person invests with a loan in such a situation, then he has become involved in gambling. We should always pay attention to our own safety, so that we do not put our investment at risk due to any kind of wrong decision.

I think if someone borrows money to invest in Bitcoin and is able to repay the debt, I personally disagree that this is a good idea. Simply put, if they can afford to repay the debt, why would they borrow money to invest in Bitcoin? I find that a bit odd. It's fundamentally safer and more secure to invest in Bitcoin with discretionary funds, which we might have available each month. Rather than having to pay off our debt and interest every month, that's clearly more tiring and stressful.

What if something unexpected happens, like losing our job or something else? We certainly won't be able to repay the debt, and we'll ultimately have to sell the Bitcoin we bought, which is clearly not a good idea, especially when the price of Bitcoin is dropping. So, for that reason, don't make things too difficult for yourself by borrowing money to invest in Bitcoin, if basically we can invest every month with our savings, even if it's just a little bit at a time.

[Dunamisx]

Buy bitcoin whenever the market falls and try to hold and sell when it raises, this is a lucrative idea to always consider when it comes to having a desired strategy over your investment in Bitcoin, it's also renders you the maximum ability to make profit whenever you invest if you take your time to speculate on the right entry and exit time for your investment in Bitcoin.

[AmaGold70]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Yeah, buying Bitcoin when the price is low is unarguably the best time , but some investors even feel confused about the right time to buy because some investors would want to buy bitcoin at the bottom, which is always very difficult, and in the cause of waiting to buy at the bottom, bitcoin price will start rising, and they will miss that opportunity.
As a bitcoin investor, checking your wallet often, and on can cause panic in the side of a Bitcoin investor more especially the newbies or the impatient investors, in this case, when Bitcoin  price dips, they become troubled, and sell in panic, but patient investors ensures they remain calm waiting for the right time to make the required profit.

[ruykeri]

Putting all your focus on several things will make you make mistakes easily, and as a matter of fact, you might crumble along the way while doing it, once you have any challenges financially in the future, that's why it's best to focus on one thing at a time.
And if you are focusing on Bitcoin investment, what you should do is to accumulate consistently until you have gotten to your over accumulation status or closer to it, that is when you can choose to diversify into land or real estate, not by trying to do everything at a time that may likely not work out as planned.

There is well known saying that "jack of all, master of none". Its very easy to say to diversify your portfolio by investing in different sectors but its easier said then done. Every market has its own dynamics, which we have to understand. If we talk about Bitcoin since this is why we are here on this forum and on this thread then their are many things about Bitcoin which we need to understand in order to get desired results. Why we must focus on Bitcoin only is the way it evolved in last 17 years and that gives confidence to keep investing in Bitcoin to improve our financial status in coming years.  

I see this a little differently. If you have the ability and financial capacity, then I think diversifying your investments is a positive way . Because having multiple income sources means having strong financial security. Because even if your primary income source suddenly stops, you can still get financial support from other investments. Investing in Bitcoin is a long-term process. If you invest here, you must think about getting profit after a long time. But there are some investments where cash flow comes from them a few days after the investment, you can diversify into such investments. But if you do not have the financial capacity, then there is no need to diversify into different investments and face additional risk and mental stress.