Buy Buy Buy or Sell Sell Sell?

[Agbam]

Every bitcoin investment, if you lose they most be emotions that will attached to it, unless that you have experience losses before, but it's your first time, they most be emotion, let be realistic,

Your write up here looks a lot confusing, but I get what you are trying to say.
If am not wrong, you are trying to say that a Bitcoin investor will always be emotional towards his Bitcoin investment as long as he or she is a newbie or it's his first time, but I will disagree with you on that because if an investor invest with what he can afford to lose, he will not be emotional towards his Bitcoin investment, but if an experience investor invest what he cannot afford to lose he will still panic anytime their is a dip in the market because he invested with what he cannot afford to lose.

Realistically in every investment there is a degree of emotion experienced by the investor. Whether you’re a beginner or an experienced investor; losses can bring negative emotions like disappointment, frustration and concern while gains can bring excitement or even over excitements.
The issue isn’t whether we experience emotions with our investment but how we manage them.

That’s why it’s important to invest with only discretionary funds so in situations of negative volatility it won’t affect your daily life and mentality.

Naturally, as humans when you see your investment in red you’ll definitely feel something, but because you didn’t invest with money for your day to day expenses, you’re far less likely to panic or make poor decisions. Instead you’ll be able to stick with your long term investment plan.

[ejikeme24]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

Of course,  Long term investors also engage themselves in such practice. this practice is very common among investors especially when investing in volatile asset like Bitcoin. It is easier to say that we shouldn't engage ourselves in such practice, but there's no way we can stop investors from doing that because some folks like looking at the market to see if There's improvement in Thier investment but it becomes problematic if a person is doing this all the time.

At the same time, every person have the right to look at the market however they like. But while doing that we likely need to apply some level of self control because I know how temptating the market can be, only those with high level of discipline and determination can deal with the challenges/ temptation that comes with  looking at the market. However there are other ways to get information about what is happening in the market without looking at it, for example; when you allow notification from that exchange where you make your bitcoin purchase you will be notified whenever there's an increase or decrease in the price if that's what we want to know. I believe the pressure will be much more lower using this approach rather than being active in the market everytime to look at the market chart, can't even imagine myself doing that because I know I can't that is why I prefer allowing notification from that exchange I used to make my Bitcoin purchase, at least I can get the informations I want without watching the market displaying...up, down, up, down, down, up, up.

[Ruttoshi]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

[MainIbem]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

Nothing concerns an investor with consistently monitoring the market, any one who does that should channel that energy to buy consistently cause that's the only way to grow a bitcoin portfolio and sustain it for long with the DCA. I've noticed that some investors like to use the ideas of traders for their investment and it's not helpful cause they're different concepts moreover, monitoring the market consistently is what triggers negative emotions that lead people especially beginners to make quick withdrawals.

[Exitoral]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

True. Looking at the chart doesn't increase your holdings. But you are making it look like looking at the chart and trading are the same thing. Whereas they are different. In as much as an undisciplined person looks at the chart and feel the need to do something not in their plans says a lot of that person.

 Someone can ignore the chart and still make blunders as regards Bitcoin. The main thing here is that, charts are not for only traders.  Long term investors too look at the chart. But they are not trying to draw lines to take an entry based on emotions, but looking at it to better understand market history, volatility and cycles.  The four year cycle, how do you think investors knows about it. It's by the chart. They make better decisions in a long term by looking at the chart broader view.

Not everyone looking at the chart wants a quick return in investing in Bitcoin. Some do it without changing their plans. They do their DCA comfortably and that doesn't harm them. If you are more concerned about those that have emotional turmoils, it's best you point that out decisively - headon. Not categorising everyone who looks at the chart and conclude they are traders.

[Promocodeudo]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

Nothing concerns an investor with consistently monitoring the market, any one who does that should channel that energy to buy consistently cause that's the only way to grow a bitcoin portfolio and sustain it for long with the DCA. I've noticed that some investors like to use the ideas of traders for their investment and it's not helpful cause they're different concepts moreover, monitoring the market consistently is what triggers negative emotions that lead people especially beginners to make quick withdrawals.

So some folks think that monitoring the market is necessary,  does anything change when someone decide to monitor the market, does that change the price of Bitcoin, is it not better we keep investing and Channelled those time and energy in other meaningful things, there things we don't that might make our BP to rise which we should refrain from, as an investor that is accumulating and hodling Bitcoin for a long-term, I do not think you have anything to do with constantly checking the market, and if I should ask what for, the DCA method make things easy for us to invest what we can actually afford consistently so I think it is needless for us to put stress on ourselves.

[Umulala-alala]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

Of course,  Long term investors also engage themselves in such practice. this practice is very common among investors especially when investing in volatile asset like Bitcoin. It is easier to say that we shouldn't engage ourselves in such practice, but there's no way we can stop investors from doing that because some folks like looking at the market to see if There's improvement in Thier investment but it becomes problematic if a person is doing this all the time.

At the same time, every person have the right to look at the market however they like. But while doing that we likely need to apply some level of self control because I know how temptating the market can be, only those with high level of discipline and determination can deal with the challenges/ temptation that comes with  looking at the market. However there are other ways to get information about what is happening in the market without looking at it, for example; when you allow notification from that exchange where you make your bitcoin purchase you will be notified whenever there's an increase or decrease in the price if that's what we want to know. I believe the pressure will be much more lower using this approach rather than being active in the market everytime to look at the market chart, can't even imagine myself doing that because I know I can't that is why I prefer allowing notification from that exchange I used to make my Bitcoin purchase, at least I can get the informations I want without watching the market displaying...up, down, up, down, down, up, up.

Long time bitcoin investors shouldn't engaged in the practice of continually cheeking the market because i believe this practice is to see if there is an increase in the price of bitcoin so they can sell this act is commonly seen among traders who are interested in short time gain, a long time investor focus more on building his bitcoin portfolio by consistently buying bitcoin with the dca strategy undermining what the price is by using their discretionary income to buy BTC.

[whiteblue]

So some folks think that monitoring the market is necessary,  does anything change when someone decide to monitor the market, does that change the price of Bitcoin, is it not better we keep investing and Channelled those time and energy in other meaningful things, there things we don't that might make our BP to rise which we should refrain from, as an investor that is accumulating and hodling Bitcoin for a long-term, I do not think you have anything to do with constantly checking the market, and if I should ask what for, the DCA method make things easy for us to invest what we can actually afford consistently so I think it is needless for us to put stress on ourselves.

If they a trader at heart, they can't stop monitoring charts every day because they're Traders.

However, If they a long term investor, They not interested in monitoring charts at all because they're not concerned with short term ups and downs, as they more focused on Buying.

So, if we choose to invest, It's better to ignore short term market conditions because we believe in Holding for the long term.

[Sulegzy39]

If a person has common sense and discretionary income, why shouldn't they just get the fuck started rather than wasting their time? It is futile for someone to delay themselves simply because they wish to learn about bitcoin first. Dude, it is a wise decision for people to begin their regular investment, regardless of how small the sum. It is extremely possible. Learn about Bitcoin while investing.

It is because investment provides real-time familiarity with the market and how volatile it can be. When people initially start investing, they do not have to go all in right away because they are still learning. So, they can invest gradually what they can afford to lose.

[Stable090]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin.

When am investing in bitcoin, I don’t always care about the price that bitcoin is at that particular moment, I just buy and forget about it most especially whenever am busy. Whenever you are making use of DCA strategy, I don’t think you are suppose to be monitoring bitcoin price before you invest, if you are ready to buy bitcoin, just invest at the current market price, and you don’t have to be waiting for the price to dump before you going to invest.

[Gallar]

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.

You're absolutely right, my friend. Everyone has the right to invest in any asset, because it's clearly their money. So, telling them to invest in the same asset as us, namely Bitcoin, is clearly not a good idea. After all, everyone has different desires and preferences for different assets. However, I also really like Bitcoin because it's a great investment asset, and the way to buy it and the amount you can buy are very easy and affordable.

With Bitcoin,, even when you don't have a lot of money, you can still invest using the DCA technique,, which is very effective and easy. Furthermore,, what I like most about Bitcoin is its decentralization. For me,, that's the most important thing about Bitcoin. When I buy Bitcoin, I feel like it's truly mine. With Bitcoin, no one controls it absolutely, and all decisions are in your hands. That's why I really like Bitcoin over other assets.

[Crytohillss]

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.

You're absolutely right, my friend. Everyone has the right to invest in any asset, because it's clearly their money. So, telling them to invest in the same asset as us, namely Bitcoin, is clearly not a good idea. After all, everyone has different desires and preferences for different assets. However, I also really like Bitcoin because it's a great investment asset, and the way to buy it and the amount you can buy are very easy and affordable.

With Bitcoin,, even when you don't have a lot of money, you can still invest using the DCA technique,, which is very effective and easy. Furthermore,, what I like most about Bitcoin is its decentralization. For me,, that's the most important thing about Bitcoin. When I buy Bitcoin, I feel like it's truly mine. With Bitcoin, no one controls it absolutely, and all decisions are in your hands. That's why I really like Bitcoin over other assets.

I think the key is giving people the right information and letting them decide what fits their aims, Bitcoin has some unique advantages especially for those value decentralization and want to invest gradually through DCA. But everyone financial situation and risk tolerance are different so there's no one size fits all investment Bitcoin stands out because of it's decentralized nature. It is very important not to pressure anyone into a particular investment.

[Showlove01]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin.

When am investing in bitcoin, I don’t always care about the price that bitcoin is at that particular moment, I just buy and forget about it most especially whenever am busy. Whenever you are making use of DCA strategy, I don’t think you are suppose to be monitoring bitcoin price before you invest, if you are ready to buy bitcoin, just invest at the current market price, and you don’t have to be waiting for the price to dump before you going to invest.

Exactly, and the reason you do not care or monitor the market is because you understand and you know the reason why you are accumulating or holding unlike people who do not really know why they are investing in bitcoin, because when someone know why they are investing in bitcoin they will not need to look at the price of bitcoin before they buy or accumulate. lastly i do not think it even matter because once you know what you are doing nothing will ever scare or make you do the opposite.

[Marvelockg]

Every bitcoin investment, if you lose they most be emotions that will attached to it, unless that you have experience losses before, but it's your first time, they most be emotion, let be realistic,

Your write up here looks a lot confusing, but I get what you are trying to say.
If am not wrong, you are trying to say that a Bitcoin investor will always be emotional towards his Bitcoin investment as long as he or she is a newbie or it's his first time, but I will disagree with you on that because if an investor invest with what he can afford to lose, he will not be emotional towards his Bitcoin investment, but if an experience investor invest what he cannot afford to lose he will still panic anytime their is a dip in the market because he invested with what he cannot afford to lose.

Realistically in every investment there is a degree of emotion experienced by the investor. Whether you’re a beginner or an experienced investor; losses can bring negative emotions like disappointment, frustration and concern while gains can bring excitement or even over excitements.
The issue isn’t whether we experience emotions with our investment but how we manage them.

The shared sentiment and emotion is part of what leads to the different sorts of speculations we see at every point in time that bitcoin takes a particular turn in terns of it movement. regardless how much of a bitcoin enthusiast that you are, the direction that bitcoin takes will certainly affect you in a way but your response to it is what matters most.

There is no point trying to make things too complex for your self. right from the start of your investment, you have to set certain things straight like the number of years you are going to remain invested without selling regardless of the short term market sentiment. also, you have to plan for your buys such that when others are panic selling, the system you have created serves to help continue investing and buying more stack of bitcoin at the time.

Naturally, as humans when you see your investment in red you’ll definitely feel something, but because you didn’t invest with money for your day to day expenses, you’re far less likely to panic or make poor decisions. Instead you’ll be able to stick with your long term investment plan.

sure. Even when you have build your portfolio to the extent that you can not tag what you have built as an amount you can afford to loose, proper planning and a decisive decision will help you stay invested throughout times when the reason to sell at loss might come stronger than  the reason that keeps you invested. a decisive DCA investment approach saves you from  a lot of this things.

[avp2306]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin.

When am investing in bitcoin, I don’t always care about the price that bitcoin is at that particular moment, I just buy and forget about it most especially whenever am busy. Whenever you are making use of DCA strategy, I don’t think you are suppose to be monitoring bitcoin price before you invest, if you are ready to buy bitcoin, just invest at the current market price, and you don’t have to be waiting for the price to dump before you going to invest.

This is actually good action to do because, we don't actually don't need to monitor the prices if we choose to go long term on Bitcoin. Those action you made could make people remain consistent towards their future purchases. DCA strategy really works for people have that kind of mindset.

Those people keeps waiting for price to go dip are just wasting their time for doing such action, because instead of they will get busy thinking about doing their next purchase. They got stuck waiting for those perfect time to buy. Also with those things you have done I think that action is less stressful and sustainable.

[MainIbem]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

Ofcourse someone can't be accumulating Bitcoin without noticing the price of Bitcoin in the market but that's not the point, what investors are against is monitoring the chart constantly like they're traders, they're not speculating for profits but accumulating for long-term rewards so any investor who constantly monitoring the market is setting himself up for an emotional situation that could hinder his accumulation and force him to sell out of panic then ruin the investment he's been building for a while, the focus should be on consistent accumulation not monitoring charts.

[Soldroplet]

Nothing concerns an investor with consistently monitoring the market, any one who does that should channel that energy to buy consistently cause that's the only way to grow a bitcoin portfolio and sustain it for long with the DCA. I've noticed that some investors like to use the ideas of traders for their investment and it's not helpful cause they're different concepts moreover, monitoring the market consistently is what triggers negative emotions that lead people especially beginners to make quick withdrawals.

So some folks think that monitoring the market is necessary,  does anything change when someone decide to monitor the market, does that change the price of Bitcoin, is it not better we keep investing and Channelled those time and energy in other meaningful things, there things we don't that might make our BP to rise which we should refrain from, as an investor that is accumulating and hodling Bitcoin for a long-term, I do not think you have anything to do with constantly checking the market, and if I should ask what for, the DCA method make things easy for us to invest what we can actually afford consistently so I think it is needless for us to put stress on ourselves.

This is the second time I've discussed this topic on the forum, because I think it's an important one for long-term Bitcoin investing. A common mistake in long-term Bitcoin investing is to over-focus on price monitoring or price analysis. I believe that a long-term investor's primary focus should not be on the daily price movements of Bitcoin; rather, it should be on managing their budget, cash flow, and discretionary income properly. In this way, our decisions about investing in Bitcoin are more likely to be driven by our budget, cash flow, and long-term plans rather than short-term price movements in the market.

If we invest regularly using discretionary income and DCA, the need to watch the charts every day or wait for the 'right time' is greatly reduced.

[Mame89]

So some folks think that monitoring the market is necessary,  does anything change when someone decide to monitor the market, does that change the price of Bitcoin, is it not better we keep investing and Channelled those time and energy in other meaningful things, there things we don't that might make our BP to rise which we should refrain from, as an investor that is accumulating and hodling Bitcoin for a long-term, I do not think you have anything to do with constantly checking the market, and if I should ask what for, the DCA method make things easy for us to invest what we can actually afford consistently so I think it is needless for us to put stress on ourselves.

If they a trader at heart, they can't stop monitoring charts every day because they're Traders.

However, If they a long term investor, They not interested in monitoring charts at all because they're not concerned with short term ups and downs, as they more focused on Buying.

So, if we choose to invest, It's better to ignore short term market conditions because we believe in Holding for the long term.

Yes, that's right. That's a significant difference between trading and investing. Trading involves not only monitoring prices but also numerous other aspects that require careful preparation, ensuring our psychology remains well maintained. However, for long term investors especially Bitcoin investors who employ the DCA strategy, they don't need to monitor the market and this is also why investing is far superior to trading.

Essentially, if you're a very experienced disciplined, and skilled trader buying Bitcoin might be profitable. However, for those of you who are still beginners long term investing coupled with DCA is a much more rational choice because it provides peace of mind. You only focus on what you can control how much Bitcoin you accumulate per month not what Bitcoin's price is today. That's why long term investors typically sleep better than traders.

[Kelward]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

Ofcourse someone can't be accumulating Bitcoin without noticing the price of Bitcoin in the market but that's not the point, what investors are against is monitoring the chart constantly like they're traders, they're not speculating for profits but accumulating for long-term rewards so any investor who constantly monitoring the market is setting himself up for an emotional situation that could hinder his accumulation and force him to sell out of panic then ruin the investment he's been building for a while, the focus should be on consistent accumulation not monitoring charts.

I very much agree that the focus of Bitcoin investors should be on constant accumulation not constantly monitoring the market and the reason is that you're not planing to sell anytime soon which doesn't necessitate constant monitoring. Monitoring the market is what traders do constantly because they want to enter the market and sell as soon as possible for quick profit so if you're not a trader constant monitoring of the market can make you to consider selling prematurely. There is nothing wrong with knowing how Bitcoin is doing whether it's in uptrend or downturn but it shouldn't go beyond that level as you're not planing to sell because you've already decided that you want to continue buying and holding for many years.

[Cyber_warrior]

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

That one reason why using DCA strategy brings more comfortability than other strategies, when using the DCA you tend to put your focus more on increasing your discretionary income than any other thing. You see for long time investors DCA is actually the best to use because it provides you more time to work on yourself and build your portfolio in a way you want.

I think people who waste their time on the chart all day are people who are traders rather than investors, people who invest to make quick profits.