Buy Buy Buy or Sell Sell Sell?

[Rockson1]

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.

Good reason dude, what you said here should be one of the reason why people should not go for loan to invest Bitcoin, but for an og that understands how Bitcoin works and is ready to with all put in place to repay his loan I think it is also fine but I thought of what you said here deeply, which might be changing my perspective of the loan of a thing, why taking loan when we can actually maintain our discreationary income or even seek for an improved income so that our discreationary can increase to enable us to increase the amount of discretionary income that we use for our DCA, as Bitcoin investors, we are not encouraged to invest with an amount that we can not afford because of pressure, so there won't be need for loan since it might be a problem to ones mental health, I find a reason to accept what you said here.

[BluebloodCXVI]

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.

There’s nothing special about holding bitcoin for a couple of years before considering other assets and time alone doesn’t make a person knowledgeable enough to start messing with other assets or shitcoins.
A person needs to have knowledge and understanding about any other asset that they may wanna get into before putting their money into it. Experience is built by continuous learning and understanding risks, not by simply waiting for a certain amount of time.Even though in my opinion i wouldn’t advise anyone to be fucking around with shitcoins.

[sotelorene]

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.

Good reason dude, what you said here should be one of the reason why people should not go for loan to invest Bitcoin, but for an og that understands how Bitcoin works and is ready to with all put in place to repay his loan I think it is also fine but I thought of what you said here deeply, which might be changing my perspective of the loan of a thing, why taking loan when we can actually maintain our discreationary income or even seek for an improved income so that our discreationary can increase to enable us to increase the amount of discretionary income that we use for our DCA, as Bitcoin investors, we are not encouraged to invest with an amount that we can not afford because of pressure, so there won't be need for loan since it might be a problem to ones mental health, I find a reason to accept what you said here.

Loan in quote  does not signify wrong or bad but what is wrong is knowing you can not be able to meet up with the terms and conditions attached to it because there are folks who know within themselves that this loan they are about taking that they can not meet up but due to greed to feel among or front load they rush to take it which i see as an unwise. so, loan is not bad or wrong but rather it is always there to help and assist people who do not have funds to help their plans and people who need it to meet up with their target and goal but people abuse it sometimes.

[samadam007]

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.

What do you mean “once investor has built himself a meaningful bitcoin position and also gained enough experience, they can decide whether they can explore other assets”. What other asset are you talking about? If you mean shitcoins, then your conclusion is contradicts the point you started with. Why should owning more Bitcoin make shitcoins worth considering? If BTC is the best choice, why suggest looking at shitcoins at all instead of to continuing to build a stronger position?

I also don’t like the idea of saying beginners should focus on BTC for a “couple of years”. You’re not even meant to put a time limit on the accumulation journey.We’re preaching long term here not just few years

[Joeboy]

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.

This is purely a traders mentality, and the adoption of this mentality could cause folks to remain another coiner or at best a low coiner. DCA strategy will always be the best option, coz No one can ascertain price direction.. And so it would be very unwise to want to outsmart the market by waiting for price drop, cause what if the price never drop to your desired expectation what then will you do?

[Muba20]

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.

What you are saying here does not match the concept of investment. Rather, it is clear from your words that you do not see Bitcoin as a long-term savings asset. Rather, you are thinking of a trading mentality of buy when the price falls and sell when the price rises. We have said many times in our discussions that the goal of an investor should be to save regularly, use discretionary income, accumulate Bitcoin over time, and not try to buy and sell repeatedly based on market fluctuations. If you start with the mentality of selling when the price rises, then there is doubt whether you are a true saver. Because this trading mentality is almost equivalent to gambling. Because in this, you may be forced to enter at a higher price. Again, it may be that you have weakened your own position by selling at the wrong time. But the main goal of an investor is always to create a strong position for himself with his discretionary income, regardless of market fluctuations.

[yixichloro2xx]

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.

What the deuce, this is a wrong advice bro. How long will someone continue to wait for an unrealistic dip? Because it's unpredictable, there's no perfect time to buy Bitcoin. What you wrote here is giving the vibe of a trader mentality, and that's not what is being discussed in this topic.  imagine a newbie who just newly joined this forum reading your post, they might think that's the right approach. Investors who wants to truly enjoy Bitcoin must put their focus on consistent accumulation and long term holding  and disregard the act of selling too early for a small profit that can disappear quickly when you start spending it.

[Agbam]

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.

No my friend, it’s not fine if you’re diversifying into shitcoins, this is a very bad idea. You’re better maintaining your bitcoin accumulation steady and consistently than getting involved with shitcoins which can’t be counted as investment but gambling.

You can’t be encouraging such practices here in order not to deceive newbies and beginners alike.
Everybody can diversify only when you’re able to, you can’t be starting your bitcoin journey and you’re thinking of diversifying, you must have reached your goal before you think of diversifying.

[Bryan jessy]

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.

What the deuce, this is a wrong advice bro. How long will someone continue to wait for an unrealistic dip? Because it's unpredictable, there's no perfect time to buy Bitcoin. What you wrote here is giving the vibe of a trader mentality, and that's not what is being discussed in this topic.  imagine a newbie who just newly joined this forum reading your post, they might think that's the right approach. Investors who wants to truly enjoy Bitcoin must put their focus on consistent accumulation and long term holding  and disregard the act of selling too early for a small profit that can disappear quickly when you start spending it.

That is trading; for someone who wants to last in Bitcoin investment buying consistently and holding for a long period of time is the deal, but planing only to buy once there is dip and selling when the price rises is for short term investors or trades, this is why it is advisable for  an investor to have a discretionary income as to be able to buy anytime any day whether dip or even when the price is high, because as an investor you can not fold your hands and wait for dip, so what if dip never comes, in Bitcoin investment we should make up our mind and get ready for the worst. This means we should build our mind to adopt to however the market changes.

[Baki202]

That is trading; for someone who wants to last in Bitcoin investment buying consistently and holding for a long period of time is the deal, but planing only to buy once there is dip and selling when the price rises is for short term investors or trades, this is why it is advisable for  an investor to have a discretionary income as to be able to buy anytime any day whether dip or even when the price is high, because as an investor you can not fold your hands and wait for dip, so what if dip never comes, in Bitcoin investment we should make up our mind and get ready for the worst. This means we should build our mind to adopt to however the market changes.

The issue of trading and buying and holding have to be separated and there people that will want to do just holding and some will want to trade and then hold at the same time but it will be best for them to choice which ever is better for them and buying consistently ia very important to the extent that it is very valuable and then using the DCA you will be able to buy and then buy and when the price increases you can do DCA that will cover will cover for even the dip and that is one good thing about buying the dip because you will just have be consistent through the DCA because you don't have to wait for the dip again which ever time it will better to just use DCA method so that you don't have to wait.

[JayJuanGee]

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.

Brand new investors do not need to diversify beyond bitcoin and cash, and yeah, it could take them several years before they build their bitcoin holdings (and cash) up to a level in which diversification might start to make some sense.

Of course, each person has to figure out when or if diversification might start to make sense and at what what investment portfolio size levels it starts to make sense.

I hardly would understand the justification for someone who has less than 6 months of his expenses (in bitcoin and cash), his total net worth, to be fucking around with unnecessary diversification (diversification for the mere sake of it).

Of course, the large the value. .such as greater than a year of expenses or even greater amounts, then it might start to make some sense, and personally, I would consider needs to diversify the cash portion of my wealth (perhaps once that portion got to be within the area of higher than 3-4 months of my expenses) rather than the bitcoin portion.. but to each their own in terms of which portions of their wealth they want to diversify and for what reasons and surely into what, whether that might be into property, equities, bonds, other businesses, commodities, cash equivalents.. and yeah, shitcoins are likely not even justifiable beyond 10% the size of the bitcoin holdings at most for those guys who cannot resist gambling/trading and/or other shiny objects.

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.

Your forum registration date is only a bit over 3 years, and you want to say that you have been investing in bitcoin for longer than your forum registration date?

You also don't seem to be much of a fan of bitcoin, even though you are participating in this bitcoin thread.  You seem to think that there are better places to invest time, energy and value?

You want to diversify for the mere sake of it?  That does not sound like a plan.  It sounds like deworsification rather than diversification.  Blindly buy shit that you don't know about?  Is that your plan?

Of course, historically bitcoin has tended to be one of those things that guys who got into bitcoin earlier, then they have had quite a bit of wealth building advantages, so that the size of their input and the size of their bitcoin growth may well could have had ended up affecting how they see their overall wealth or how the see the other assets that they hold relative to their bitcoin holdings.

Surely guys who are more recent entrants into bitcoin will have to see how they build their bitcoin and how bitcoin performs prior to prejudging what they might be planning to do 17-ish years from now, even though surely it does not hurt to have some ballpark ideas.

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.

So are you suggesting something other than bitcoin and cash in the early years or what?  You talk vaguely about some other places to put value, yet it is not clear when that should start.

Surely there could be guys who come to bitcoin, and maybe they already have some other investments, so then bitcoin is one of a package of other investments, yet I doubt that we can necessarily presume guys have investments other than bitcoin and cash, especially since we are in a bitcoin thread.  At the same time, it is a bit unclear what you are proclaiming what guys should do, except coming out with some vague assertion that it is not good to merely balance what is being done with ONLY bitcoin and cash.. and sure, in principle, I would tend to agree with that, yet it still seems to me that there aren't really any compelling reasons to start to do those things and/or think about those matters unless the bitcoin and/or cash holdings get to high enough amounts in which there might seem to be some justification for considering that kind of a potential path.

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.

Oh now you are referring to shitcoins, as if there might be any kind of value in "diversifying" time, energy and/or value into shitcoins.  You sound lost to me if you believe that there is much if any value in fucking around with shitcoins as a way to make holdings in bitcoin and cash to become stronger.

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.

Even though you use the term "investment," you seem to not know what investment is, since you are talking about trading and not investment.

You think that investment involves selling with a hope to buy back cheaper?  That does not sound like investment to me, and I doubt that too many folks would consider selling to buy back cheaper as a form of investment.

I do understand that traders do sometimes have philosophies and practices in which they are ongoingly trying to build up their trading capital, so in some sense their trading capital is a kind of investment that they are growing, yet I doubt that building trading capital is the same kind of a way of considering investment as compared with how guys might build up their bitcoin holdings over years and years and years.

So investing in a bitcoin sense may well involve ongoing buying of bitcoin for 4-10 years or longer, and there isn't any needs to sell with an attempt to buy back cheaper later, but instead selling might ONLY start to take place after guys had accumulated a large enough stash to start to feel that he has enough or more than enough bitcoin, so then there could be price-based and/or time based sustainable withdrawal.. I talk about those methods in my sustainable withdrawal thread.

Of course, there are likely some guys who consider themselves to be investors, yet they are not as interested in sustainable withdrawal and they merely consider how to start to get out of their bitcoin position and to also deplete their principle, which surely starts to seem like it is bordering on trading rather than investing, even though surely guys have their own goals and objectives regarding what they might want to do with their bitcoin after they had built it up to a decently large size.

[Sulegzy39]

In my perspective Starting a business and investing in Bitcoin are two very different things.  Companies/business owners have some power over pricing, marketing, and so on. However, this is not the case with Bitcoin. In Bitcoin, investors are unable to forecast, let alone determine, price direction.They each have a different risk proportion.Those who are just beginning their financial adventure should not be concerned about investing with a loan.

Otherwise, they are merely gamblers since they lack the necessary experience to grasp that Bitcoin is a volatile asset that does not yield immediate results. In fact, many start-up investors may lack the necessary skills to deal with the psychological pressures that often accompany loans.
So, new investors should begin by investing their discretionary income.

[Grease5000]

In my perspective Starting a business and investing in Bitcoin are two very different things.  Companies/business owners have some power over pricing, marketing, and so on. However, this is not the case with Bitcoin. In Bitcoin, investors are unable to forecast, let alone determine, price direction.They each have a different risk proportion.Those who are just beginning their financial adventure should not be concerned about investing with a loan.

Otherwise, they are merely gamblers since they lack the necessary experience to grasp that Bitcoin is a volatile asset that does not yield immediate results. In fact, many start-up investors may lack the necessary skills to deal with the psychological pressures that often accompany loans.
So, new investors should begin by investing their discretionary income.

Business and Bitcoin are different investments, but I don't think that automatically makes Bitcoin the riskier choice. A business owner may have total  control of his business but just like  investing in Bitcoin, running a business also comes with risks like competition, changing consumer demand, and a high failure rate. While  in investing in Bitcoin, you can't control the price, but you also don't have to manage employees, customers, or daily operations.

That is  why investor use discretionary income when investing in Bitcoin because it is a much healthier approach for anyone with a long term growth conviction and with the help  of the DCA method even investor with low discretionary income can invest in buying Bitcoin. And the goal shouldn't be to predict Bitcoin's next price move. It should be to consistently accumulate over many years while understanding the asset and staying patient through volatility. At the end time in the market has historically mattered more than trying to time the market.

[Fash33]

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.

What do you mean “once investor has built himself a meaningful bitcoin position and also gained enough experience, they can decide whether they can explore other assets”. What other asset are you talking about? If you mean shitcoins, then your conclusion is contradicts the point you started with. Why should owning more Bitcoin make shitcoins worth considering? If BTC is the best choice, why suggest looking at shitcoins at all instead of to continuing to build a stronger position?

I also don’t like the idea of saying beginners should focus on BTC for a “couple of years”. You’re not even meant to put a time limit on the accumulation journey.We’re preaching long term here not just few years

I think you misunderstood what I said, my point wasn’t that investors should move into shitcoins after a couple of years, what i was saying is that a beginners should avoid any form of distraction from shitcoins and only focus on building strong bitcoin position first,
And again when I said” after gaining experience and build a meaningful bitcoin position an investor can decide whether to explore other assets”. That doesn’t automatically mean shitcoins, other assets can means many things like gold, real estate or you decide to stay 100% in bitcoin. My main point is that the decision should come from position of knowledge.

[As-Soon-As]

Loan in quote  does not signify wrong or bad but what is wrong is knowing you can not be able to meet up with the terms and conditions attached to it because there are folks who know within themselves that this loan they are about taking that they can not meet up but due to greed to feel among or front load they rush to take it which i see as an unwise. so, loan is not bad or wrong but rather it is always there to help and assist people who do not have funds to help their plans and people who need it to meet up with their target and goal but people abuse it sometimes.

You should never invest in Bitcoin with a loan, if you take a bank loan and you have to pay it with interest. Why would you pay interest, if you take a loan for a few months and the interest rate keeps increasing, when you go to repay the lump sum, the interest will be almost equal to the principal, so you may have difficulty repaying it. And at such a time, the bank will pressure you, then you will have to forcibly sell your Bitcoin investment and send you the money.
As a result, if the price of Bitcoin is low at that time, you will face a loss on your Bitcoin investment, so you will be forced to leave your Bitcoin investment at a loss because you have to repay the bank loan. The situation will gradually go out of your favor, and you will lose patience at some point, which can have a bad effect on your mentality due to your various tensions. So I do not think taking a loan is reasonable in any way, this is an additional pressure, which is enough to endanger your Bitcoin investment.

[Mr_Brilliant$]

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.

Bro, just try to stay away from shit coins.. You may hear people say, some of them do well.. But the truth is that the vast majority of them, if not almost all, end up crashing or fading at the end of the day..

They are not assets you can build long term confidence in..They are mainly just driven by hype, rather than real fundamentals.. That is why you constantly see new ones every time. Just stick with Bitcion.

[MainIbem]

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.

Bro, just try to stay away from shit coins.. You may hear people say, some of them do well.. But the truth is that the vast majority of them, if not almost all, end up crashing or fading at the end of the day..

They are not assets you can build long term confidence in..They are mainly just driven by hype, rather than real fundamentals.. That is why you constantly see new ones every time. Just stick with Bitcion.

After hearing that some do well and even the ones that do well can't be compared to Bitcoin for long term investment purpose and also depend on the growth of Bitcoin to survive in the market, if i were someone who loves to risk on shitcoins I think I'll retrace my steps and focus on the real deal (which is Bitcoin). But then some people have made up their mind to take risks, to them no risk equals no reward so instead of being patient, they choose to risk on those shitcoins for big rewards which mostly mess up thejr expectations especially when they plan tp hold shitcoins longer.

[Proty]

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.

This is purely a traders mentality, and the adoption of this mentality could cause folks to remain another coiner or at best a low coiner. DCA strategy will always be the best option, coz No one can ascertain price direction.. And so it would be very unwise to want to outsmart the market by waiting for price drop, cause what if the price never drop to your desired expectation what then will you do?

Those that comes into bitcoin with the mindset of buying when the price is low and to sell when it is high are gambling with bitcoin and they exposing themselves to a grater risk. There are people that think that It is possible to buy low and sell off when the price is high , they fail to put into consideration the risk involve and also how this will affect there bitcoin portfolio negatively because they may end up not being able to have a reasonable amount of bitcoin in there portfolio. This is the reason why most folks end up without having a bitcoin or remaining a no coiner or a low coiner.

[Crytohillss]

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.

This is purely a traders mentality, and the adoption of this mentality could cause folks to remain another coiner or at best a low coiner. DCA strategy will always be the best option, coz No one can ascertain price direction.. And so it would be very unwise to want to outsmart the market by waiting for price drop, cause what if the price never drop to your desired expectation what then will you do?

Those that comes into bitcoin with the mindset of buying when the price is low and to sell when it is high are gambling with bitcoin and they exposing themselves to a grater risk. There are people that think that It is possible to buy low and sell off when the price is high , they fail to put into consideration the risk involve and also how this will affect there bitcoin portfolio negatively because they may end up not being able to have a reasonable amount of bitcoin in there portfolio. This is the reason why most folks end up without having a bitcoin or remaining a no coiner or a low coiner.

There's definitely some truth to this, most individuals overestimated their ability to purchase at the bottom and sell at the top. For many investor , consistently accumulating overtime is less stressful and can often leads to good results than trying to observe every market move. Timing the market is one of the hardest things to get perfectly , and so many folks learn that the hard way, building one position gradually and staying patient can be a smart approach than rushing in and out based on the market price.

[okorieemmanuel]

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.

This is purely a traders mentality, and the adoption of this mentality could cause folks to remain another coiner or at best a low coiner. DCA strategy will always be the best option, coz No one can ascertain price direction.. And so it would be very unwise to want to outsmart the market by waiting for price drop, cause what if the price never drop to your desired expectation what then will you do?

Those that comes into bitcoin with the mindset of buying when the price is low and to sell when it is high are gambling with bitcoin and they exposing themselves to a grater risk. There are people that think that It is possible to buy low and sell off when the price is high , they fail to put into consideration the risk involve and also how this will affect there bitcoin portfolio negatively because they may end up not being able to have a reasonable amount of bitcoin in there portfolio. This is the reason why most folks end up without having a bitcoin or remaining a no coiner or a low coiner.

There's definitely some truth to this, most individuals overestimated their ability to purchase at the bottom and sell at the top. For many investor , consistently accumulating overtime is less stressful and can often leads to good results than trying to observe every market move. Timing the market is one of the hardest things to get perfectly , and so many folks learn that the hard way, building one position gradually and staying patient can be a smart approach than rushing in and out based on the market price.

True! For you to achieve this would require huge experience and information about market conditions. Some people are not ready to gain knowledge in this. Sadly, most investors may fall victim to sell when it's time to buy