Buy Buy Buy or Sell Sell Sell?

[Humblevirus]

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 idea is for traders, not for investors. It is never a good idea for an investor to just wait for the Bitcoin price to drop before buying. It is simply a waste of time because nobody knows when the price will fall.The best approach is to start buying as long as you have discretionary funds. The best strategy is the DCA  method, which involves buying regularly, whether weekly or monthly.This strategy helps you avoid missing opportunities because it is very possible that the Bitcoin price will never drop to the target price someone has in mind. In that case, the person could end up waiting forever without buying any Bitcoin.Therefore, it is a wrong idea for an investor to keep waiting for the Bitcoin price to drop before buying. That is a trader's mindset, and many people who follow it end up regretting their decision and losing money.

[samadam007]

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.

When talking about BTC investment, you don’t use "definitely successful" cos it gives unrealistic expectations.
Worrying more does not make someone a better investor; too much worry can even lead to emotional decisions. What helps is learning, having a plan, managing risk and investing within your means.

Saying those that gain knowledge will "definitely" succeed is wrong. We can’t even know it all that’s the truth cos BTC is very broad. Basic knowledge can only help folk make better decisions, but it does not guarantee profits. Even experienced investors can make mistakes

[Showlove01]

In such case many have fall victim , because u need to have a method or a pattern of buying an selling, because many buy an refused to sell it on time,wen you are now ready to sell it in a certain rate, because of the delay the market rate will now be low, that is why we need to understand the market method,so that we will not be a victim.

I wonder what your definition of "on time" is, when you can just have an investment timeframe_{(long term)} to work with.
It turns out that a few people are still misunderstanding things. An attempt to buy and sell while constantly monitoring volatility does not make an Investor smart. 'on time' is not a specific time. It's actually a time that is uncertain, and what do you make off things that are uncertain other than the complications they bring at the later end?.

You don't have to complicate things for yourself. An investment of 6 or more years should definitely land you in a very good position where you are free to sell some fractions with out being bothered about volatility. At the completion of that long term plan, I don't think you will be bothered about what's 'on time', and what's not. As long as that long term plan is not close to completion, then the discussion should resolve more around 'how to keep investing going', rather than how to time the market.

So many individuals focus on observing every move instead of staying invested long enough for compounding to do its job. Having a clear long term to chase the right entry or exit, consistency often beats trying to outsmart every market movement. Patience is one of the most underrated investing skills. A good method followed consistently usually delivers better results than reaction to very market swing.

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

[Obulis]

If someone invests 10% of their income in Bitcoin, it will take them 10 years to invest the same amount in one year, not in 5 years. And if an investor has the ability to have more discretionary income, then he should invest 25% of his income, which must come from discretionary income.

I think that investing in Bitcoin with a percentage of your income is wrong because that's not the ideal way to go, instead you should take care of your basic needs first, then whatever that is left is what you should invest with, because even though you have a large income coming in, you might still have challenges in if you take out 10-25% of your income, when you have not addressed your basic needs first, since their is a high chance that our basic needs might go higher when our income improves, so it's just a matter of time that any investor that decided to take out a percentage of his income to invest before addressing his needs will likely run into trouble sooner or later.

So far saltysugar99 didn't even give a clear view of what is being pointed at. Talking about investing certain percentage (10%) of income in Bitcoin and at the same time talking about investing from discretionary funds very confusing. If it is to invest a certain percentage of income then some investors who are hodling Bitcoin may not have been able to because they maybe investing more than they can afford to lose but even if they won't be investing more than they can afford to lose the right thing has been to decipher your discretionary funds by doing need assessment and investing from the deciphered discretionary funds.

[icebar]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

Watching the price is not a bad thing as long as that price is influencing your plan. For example, if you plan to hold for 4-10 years or more and watch the price every day, there is no problem. But if you sell out of fear when the price drops by 20% or get greedy after seeing the profit, then watching the price is influencing your plan. In that case, watching the price can often lead you to trading. But if you try to understand your position by watching the price or watching the market conditions, there is no problem. Keep your long-term plan strong, then the price will not be able to influence you.

[Sulegzy39]

Perfectively It is not appropriate for a long-term investor to invest based on the market. An individual should begin investing in Bitcoin based on his income level. Experience and expertise alone cannot provide an accurate prediction. And the opportunity to buy Bitcoin does not arise solely when the price falls. The opportunity to purchase Bitcoin will rely on one's financial situation.

Even if someone sees a low price and puts all of his money in Bitcoin, he will be unable to hold it for an extended period of time. And it is impossible to predict exactly when the perfect dip will occur. As a result, Bitcoin investments should always be made with discretionary income in mind. It should never be done depending on the value of Bitcoin.

[ejikeme24]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

Watching the price is not a bad thing as long as that price is influencing your plan. For example, if you plan to hold for 4-10 years or more and watch the price every day, there is no problem. But if you sell out of fear when the price drops by 20% or get greedy after seeing the profit, then watching the price is influencing your plan. In that case, watching the price can often lead you to trading. But if you try to understand your position by watching the price or watching the market conditions, there is no problem. Keep your long-term plan strong, then the price will not be able to influence you.

You sound lost @ icebar what makes you think that watching the price is not a bad thing? You seem to have forgotten that majority of those investors that sold Thier Bitcoin for short term did that as a result of keeping a close eye on the market because the pressure was much and they couldn't persevere so they decided to sell off Thier holdings due to fear of Lossing Thier money. Even though surely there might come a time when an investor might want to check if there's a good buying opportunity (dip) so as to know when it is time for them to apply some level of aggressiveness but not all the time maybe once in a while as these is the only reason an (investor) would give to prove that, there's need to check the market, anything other than this reason I gave here is pointless.

[Mr_Brilliant$]

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.

The biggest thing is that investing in a shitcoin does not diversify. Diversifying assets is not a bad thing. But it has to be an asset that can store value like Bitcoin. I would not consider investing in a shitcoin as asset diversification. Because naturally, shitcoins are most often associated with scams, hype, and losses. If you are going to diversify there, you have to remember that just as you lose money when you gamble, the money you think of as an asset will be lost within a few days.

Investing in shitcoins is like gambling, if you look at the history of shitcoins, you can understand that most of these projects put people in harm's way. At first, they seem very tempting, which makes a new investor easily get deeply attracted to them, but what happens in reality? In the end, most people only face more harm by investing in them.

At this point, anyone still focusing on shitcoins is just gambling.. Investing in shitcoins is extremely risky because most of them, (98.9%) of them do not survive in the long run at all.. I do not really see the point of chasing quick profits when you can consistently invest in Bitcoin with your discretionary income instead..
It may not promise overnight gains, but it is a much more sensible approach than betting on coins that could disappear at any time..