Buy Buy Buy or Sell Sell Sell?

[MusaPk]

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.

Everyone is free to chose his path which he think can give him best return over period of time because its your money and in the end only owner of money will bear consequences. If you are thinking to invest in different sectors then you have to wait their also to see good return because their are not many frontiers in the world which can make you rich overnight.

I only focus on Bitcoin because I have got knowledge of how to invest in Bitcoin and that I got this knowledge after spending years in Bitcoin. You won't learn everything through video lectures and tutorials but by actually investing in Bitcoin and spending time learning it.

[Futurexxx]

. 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

Once you start timing the market before buying, you are no longer an investor, but you are now a trader because a real investor that truly believes in Bitcoin and it potential wouldn't have to wait until the price crash before he start buying, that's more of a trader mindset than an investor, since he believes more in outsmarting the market than accumulating consistently.
Attaining more knowledge on Bitcoin is not an issue, but doing that at the expense of your accumulation is what's wrong.

[ruykeri]

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

It is not right for a long-time investor to invest depending on the market. An investor should start investing in Bitcoin depending on his income status. One can never make an accurate prediction with experience and knowledge. And the opportunity to buy Bitcoin does not arise only when the price decreases. The opportunity to buy Bitcoin will depend on one's financial status, even if someone sees the price low and invests his required money in Bitcoin in an over aggressively , then it will not be possible to hold it for a long time. And it is not possible to say exactly when the perfect dip will happen. Therefore, investing in Bitcoin should always be done based on discretionary income. It should never be done based on the price of Bitcoin.

[Different patterns]

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.

That very nice idea,and I agree with you, saying that people should invest in other opportunities without explaining when or why is not clear enough, for person who is just starting, the main focus should be how to build a strong position in bitcoin while keeping enough cash for daily expenses. And talking about other investments especially for newbie’s is too early, that can easily distract beginners for concentrating on their bitcoin accumulation. If you really believe bitcoin is the best long term investment, that will be good approach to keep accumulating bitcoin instead of moving around spreading limited money to different investments.

But if there is time that somebody should talk about other investments, that should be clearly explained, if not, I can suggest that the best approach is to focus on bitcoin, consistently with discretionary income.

[johnsaributua]

...

Everyone is free to chose his path which he think can give him best return over period of time because its your money and in the end only owner of money will bear consequences. If you are thinking to invest in different sectors then you have to wait their also to see good return because their are not many frontiers in the world which can make you rich overnight.

I only focus on Bitcoin because I have got knowledge of how to invest in Bitcoin and that I got this knowledge after spending years in Bitcoin. You won't learn everything through video lectures and tutorials but by actually investing in Bitcoin and spending time learning it.

Of course, that's true, because every decision someone makes is definitely the best for them, so there's no need for us to listen to what others say because the decision we're currently making is still the best one to achieve our dreams. So, it's very much in line with your statement about the path or decision that will bring someone benefits, even if sometimes only a little, but there's no mistake in making every decision we make to achieve it.

It is your own right and authority to protect what you are doing, so the method you mentioned is a pretty good idea or treatment because if we don't protect it, who will, especially since we have more or less knowledge, but with the experience we have, I think it is natural for us to guard our own Bitcoin and there is no need for others to guard it.

[Stive009]

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

It is not right for a long-time investor to invest depending on the market. An investor should start investing in Bitcoin depending on his income status. One can never make an accurate prediction with experience and knowledge. And the opportunity to buy Bitcoin does not arise only when the price decreases. The opportunity to buy Bitcoin will depend on one's financial status, even if someone sees the price low and invests his required money in Bitcoin in an over aggressively , then it will not be possible to hold it for a long time. And it is not possible to say exactly when the perfect dip will happen. Therefore, investing in Bitcoin should always be done based on discretionary income. It should never be done based on the price of Bitcoin.

I completely agree with your opinion. For a long-term investor, finding the 'right dip' is a fantasy; because no one can predict the market with 100% accuracy. When the price is low, many people emotionally invest very aggressively with their emergency funds or borrowed money. As a result, they cannot withstand the sharp fluctuations or volatility of Bitcoin and panic and sell it at a loss.

In fact, the right opportunity to invest in Bitcoin should not depend on the market price, but on the person's 'discretionary income' (the money left after deducting all necessary expenses and emergency funds). Only when the investment is made entirely with their own surplus money, does an investor have the mental strength to hold it (HODL) for the long term.

[Gallar]

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.

I think your assumption is more trading-oriented than investing. Basically, buying low and selling high is clearly trading in the short term. However, in the long term, it's clearly investing. However, if you're referring to short-term trading, as you also mentioned speculation, I think this might be short-term trading. Personally, this isn't feasible for me, as I'm uncomfortable with the idea you're presenting.

I personally prefer long-term investing and implementing a DCA strategy. For me, what I'm doing is very comfortable, as I'm not seeking instant or quick profits. I run a business for my daily life, so I'm not interested in the things you're discussing. So, currently, I prefer to buy Bitcoin in stages and hold it until a time that's still uncertain. So, I think you could try what I'm doing, as it's quite simple compared to trading.

[BluebloodCXVI]

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.

Look buddy, i feel like diversification only makes sense when the asset you’re diversifying into is actually worth owning and has strong fundamentals.

And as at now i don’t think there is any other investment asset that offers a combination of security, scarcity, decentralization and long term proposition like bitcoin so why not just continue to allocate your discretionary income into bitcoin instead of going into other assets that probably have weaker fundamentals and are less secured.

It’s not even as if you owning multiple assets will automatically reduce risk involved or anything. If at all, you’re putting yourself into more greater risk so what is the need?

[alankasman]

I completely agree with your opinion. For a long-term investor, finding the 'right dip' is a fantasy; because no one can predict the market with 100% accuracy. When the price is low, many people emotionally invest very aggressively with their emergency funds or borrowed money. As a result, they cannot withstand the sharp fluctuations or volatility of Bitcoin and panic and sell it at a loss.

In fact, the right opportunity to invest in Bitcoin should not depend on the market price, but on the person's 'discretionary income' (the money left after deducting all necessary expenses and emergency funds). Only when the investment is made entirely with their own surplus money, does an investor have the mental strength to hold it (HODL) for the long term.

You're right, but I think this is what makes falling prices a bonus for them. Investors always accumulate but they don't accumulate when prices are falling like the current one but they accumulate at market prices whether they're falling or rising. Clearly they do this regularly. So when prices are low like the current one they feel like they're accumulating like a bonus. It's natural for them to occasionally feel like they're getting a bonus from their current accumulation as market prices are very supportive for them to maximize their potential.

This is similar to what investors do where they always act in a very orderly manner meaning they never wait for market prices to decline. When prices like this occur I believe they should seize the opportunity that presents itself. This aims to continue to increase their assets especially if they are financially strong and have additional income. This is extraordinary. They will take advantage of opportunities like the current one where market prices are very favorable for anyone. It's not necessarily for those investors who can do it anyone with the mentality and discretionary income or additional funds will certainly reach the point they desire in investing in Bitcoin.

[Mehmet69]

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 investment are two different methods. However, there is risk in any investment. Business is not completely risk-free, and we cannot call such investment completely risk-free. In business, we cannot control the market and economic conditions, and in investment, price fluctuations are not under our control. We can only try to control the risk with our own strategies. If someone decides to invest, then taking a loan is risky. And those who invest with loans do so because they do not have extra money that they will use for investment. The same losing mentality that we can have when investing with extra money, investing with loans does not create a losing mentality, but it creates more stress, especially if someone faces a decline. So the realistic method is to invest regularly from the extra money, so it is easier to control the risk and the stress is less.

[Rockson1]

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.

They are called traders of course they are not Real investors, these persons tries to outsmart themselves falling to understand that Bitcoin can not change it's concept, I'm not against anyone's decision to do whatever they like whenever they want it but I will continue to tell people about the best approach that can be followed in investing in Bitcoin, chasing of quick profit might be regretted by people that have such plans because, Bitcoin investment has not changed from being a long-term investment to becoming gambling where people can stake a bet waiting for it to be in their favour,  Bitcoin investment is an investment for people that are determined, very patient to buy with what they can afford consistently at all time without minding the price of Bitcoin at anytime and hodl for a long-term.

[Queen uloma]

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.

They are called traders of course they are not Real investors, these persons tries to outsmart themselves falling to understand that Bitcoin can not change it's concept, I'm not against anyone's decision to do whatever they like whenever they want it but I will continue to tell people about the best approach that can be followed in investing in Bitcoin, chasing of quick profit might be regretted by people that have such plans because, Bitcoin investment has not changed from being a long-term investment to becoming gambling where people can stake a bet waiting for it to be in their favour,  Bitcoin investment is an investment for people that are determined, very patient to buy with what they can afford consistently at all time without minding the price of Bitcoin at anytime and hodl for a long-term.

Trading and investment is not the same. Traders focus more on short term price movement while investors focus more on longterm value of bitcoin. The problem is that many people go into bitcoin because they want to make quick money. Once the price goes up, greed  comes in and also when the price falls, they panic to sell at a loss. This kind of mindset won’t help someone to build wealth. The best approach is to buy bitcoin with money that you can afford to leave  for a long time, if possible use DCA strategy and hold it on longterm. It’s not like  trading doesn’t make profit, it needs good experience, risk management and discipline. Many beginners don’t know all this. That’s why many end up Losing money. Bitcoin is not gambling if any one treat it as gambling, they may later regret it. Consistently and patience is always the best strategy for people who want to build wealth with bitcoin.

[Popkon6]

. 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

Once you start timing the market before buying, you are no longer an investor, but you are now a trader because a real investor that truly believes in Bitcoin and it potential wouldn't have to wait until the price crash before he start buying, that's more of a trader mindset than an investor, since he believes more in outsmarting the market than accumulating consistently.
Attaining more knowledge on Bitcoin is not an issue, but doing that at the expense of your accumulation is what's wrong.

The more you worry about Bitcoin investment, the more secure you will be in moving forward with Bitcoin investment. So to be careful about Bitcoin investment, you must be wise. If every person gains knowledge about Bitcoin, then they will definitely be successful, but you should not wait to gain knowledge at all.
You have money, you can invest and as you move forward with Bitcoin investment, you will have the opportunity to gain extensive knowledge about it. In this situation, only patient people can make the best plan, because they are investing in Bitcoin continuously, so they are never afraid and will be able to hold their world to the future.

[Showlove01]

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

It is not right for a long-time investor to invest depending on the market. An investor should start investing in Bitcoin depending on his income status. One can never make an accurate prediction with experience and knowledge. And the opportunity to buy Bitcoin does not arise only when the price decreases. The opportunity to buy Bitcoin will depend on one's financial status, even if someone sees the price low and invests his required money in Bitcoin in an over aggressively , then it will not be possible to hold it for a long time. And it is not possible to say exactly when the perfect dip will happen. Therefore, investing in Bitcoin should always be done based on discretionary income. It should never be done based on the price of Bitcoin.

In addition, there is no need to be looking at the price of Bitcoin when the DCA method is always available for anyone that is interested in accumulating and holding Bitcoin for long term because it is in the long term one can be able to see the significance of Bitcoin because in the short term the price will be so volatile I mean the variation can be down trend that is why we should hold for long term so this doesn't affect us. Those who trade will always be affected by the volatility of Bitcoin that is why long term is always recommend.

[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.

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.

Agreed, if someone sees the opportunity to buy Bitcoin at a low price and sell at a high price, then he is actually trying to beat the market by ignoring the concept of long-term investment. This is where most people make a mistake because they think they can understand the right bottom price and the right top. But the reality is different because in reality the market does not give anyone such opportunities so easily. The market can probably work more in favor of those who plan for the long term instead of buying and selling. So if you want to be an investor, the most important thing is to first understand your capabilities. If you think "more now, less now" without understanding how much discretionary income you have, whether you have a separate system for emergency expenses, how many years you can hold on to them without selling, you may eventually become the enemy of your own plan.

[ejikeme24]

if someone sees the opportunity to buy Bitcoin at a low price and sell at a high price, then he is actually trying to beat the market by ignoring the concept of long-term investment. This is where most people make a mistake because they think they can understand the right bottom price and the right top. But the reality is different because in reality the market does not give anyone such opportunities so easily. The market can probably work more in favor of those who plan for the long term instead of buying and selling. So if you want to be an investor, the most important thing is to first understand your capabilities. If you think "more now, less now" without understanding how much discretionary income you have, whether you have a separate system for emergency expenses, how many years you can hold on to them without selling, you may eventually become the enemy of your own plan.

One of the things that make investors to engage themselves in such practice is when they are keeping a close eye in the market, when the price goes up they will start contemplating if they are going to utilize the opportunity by selling to take profit with the hope of starting all over again, I'm sure that those who keep a close eye on the market can relate. That is the reason why anyone who's aiming to invest for long term should not engage themselves into timing the market because it can make an investor to forget Thier initial plan and start engaging themselves into inferior practice.

[Bryan jessy]

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.

Everyone is free to chose his path which he think can give him best return over period of time because its your money and in the end only owner of money will bear consequences. If you are thinking to invest in different sectors then you have to wait their also to see good return because their are not many frontiers in the world which can make you rich overnight.

I only focus on Bitcoin because I have got knowledge of how to invest in Bitcoin and that I got this knowledge after spending years in Bitcoin. You won't learn everything through video lectures and tutorials but by actually investing in Bitcoin and spending time learning it.

A Bitcoin investor can still invest in other businesses aside Bitcoin investment that is diversification, which means buying as much Bitcoin as you can and hold for long term investment, you are consistent in your investment, and also have other business generating income for you, this having multiple source of income can help an investor stay consistent in his investment, it gives an investor hope and the ability to remain unwavering during dip, diversifying is not a bad idea but if you think having all your funds invested in Bitcoin or if you only want to be focused on Bitcoin investment alone that is also valid, like you said everyone has a choice.

[Gragebox]

if someone sees the opportunity to buy Bitcoin at a low price and sell at a high price, then he is actually trying to beat the market by ignoring the concept of long-term investment. This is where most people make a mistake because they think they can understand the right bottom price and the right top. But the reality is different because in reality the market does not give anyone such opportunities so easily. The market can probably work more in favor of those who plan for the long term instead of buying and selling. So if you want to be an investor, the most important thing is to first understand your capabilities. If you think "more now, less now" without understanding how much discretionary income you have, whether you have a separate system for emergency expenses, how many years you can hold on to them without selling, you may eventually become the enemy of your own plan.

One of the things that make investors to engage themselves in such practice is when they are keeping a close eye in the market, when the price goes up they will start contemplating if they are going to utilize the opportunity by selling to take profit with the hope of starting all over again, I'm sure that those who keep a close eye on the market can relate. That is the reason why anyone who's aiming to invest for long term should not engage themselves into timing the market because it can make an investor to forget Thier initial plan and start engaging themselves into inferior practice.

It is important to remember that continuous monitoring of the market becomes a much bigger issue than most people think. Once the investor sees the price growth of a currency, Bitcoin or anything else, the first thing coming to his mind will be something like maybe I should sell now and then buy it later when the price is lower. At times it may work well for him, but the majority of cases end up in the market behavior that does not correspond to the investor's expectations. That is the way most people give up the initial plan of action.

Actually, the main problem for everyone is not the market but his own emotions. The fear of missing the moment when profits can be earned and the need to earn money fast leads investors to the necessity to try to anticipate all the price changes. However, nobody is able to predict the market dynamics in the short term. Experienced traders fail too and that is why many long-term investors prefer to ignore the price dynamics.

The main advantage of long-term investment is the possibility to have a definite strategy that works better than attempts to catch every opportunity.