Buy Buy Buy or Sell Sell Sell?

[laspol65]

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.

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.

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

[Charcol]

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.

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

[alankasman]

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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.

Currently, many are motivated to invest in Bitcoin because it's very easy and not too difficult to do. This indicates that it's very feasible for anyone with income exceeding their needs. I believe they should invest in Bitcoin by increasing the amount they earn as an asset for their future. Especially if they have two sources of income they can adjust their income so they can spend on their needs and save by investing in Bitcoin using a long-term strategy.

Because the current investment pattern only requires consistency in doing it meaning the amount does not have to be large, but the more we invest with discretionary funds the more profits we will get in the future when market prices sometimes start to stabilize and are at a figure further than what is happening now so now what we need to do is continue to accumulate with the aim of only building the amount of our future portfolio by having the amount of Bitcoin that will be our future asset.

[CageMabok]

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

[MainIbem]

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

I think you mean consistent income and cash flow and not "increasing" cause even though someone maintain the income that was started with, so far the cash flow is consistent the person would still be able to achieve long term consistent accumulation goal. It's an investors choice to choose increasing their income for the investment, based on what they generate so if what they generate doesn't allow them increase the discretionary income it would be best to maintain it than increase it and affect other important expenses. Although increasing the cashflow is important at some point but should be based on if more is generated.

[Jody.Drummer]

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.

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.

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

It is not wrong to pay attention to the improvement of the market if only occasionally, which is not recommended is to monitor it every day because it is feared that it could make investments disrupted which is basically better done in the long run, darii on monitoring market movements we better focus on income and cash flow, which is certainly an effect on investment made. Now investments made with stable cash flow certainly make investments run well in their accumulation, while when cash flow is chaotic, investments can be disrupted such as delayed in their accumulation. In addition, no one intentionally makes mistakes, so everyone should be able to do their best so that no mistakes occur, and can also consider first before making a decision.

[SPIDERMAN008]

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.

Watching charts or monitoring the market is not a problem for Bitcoin investors. The problem arises when someone changes their decision based on the price of Bitcoin after watching the chart. if an investor starts DCA with a long-time mindset and then sees the price decrease, if he does DCA over aggressively or stops DCA when he sees the price increase, then it is no longer an investment. It becomes like trading. Therefore, it is not right to change your investment plan by making short-term market changes an issue.

[Primark]

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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.

Currently, many are motivated to invest in Bitcoin because it's very easy and not too difficult to do. This indicates that it's very feasible for anyone with income exceeding their needs. I believe they should invest in Bitcoin by increasing the amount they earn as an asset for their future. Especially if they have two sources of income they can adjust their income so they can spend on their needs and save by investing in Bitcoin using a long-term strategy.

Because the current investment pattern only requires consistency in doing it meaning the amount does not have to be large, but the more we invest with discretionary funds the more profits we will get in the future when market prices sometimes start to stabilize and are at a figure further than what is happening now so now what we need to do is continue to accumulate with the aim of only building the amount of our future portfolio by having the amount of Bitcoin that will be our future asset.

Having multiple incomes in investment can provide some additional benefits. But having multiple incomes is not a mandatory condition for investment. People with high incomes can also take risks, while those with irregular or low incomes can continue to save Bitcoin in small amounts in a disciplined manner.
In fact, nothing is guaranteed in investment. Therefore, if any guarantee is given that investing more money will give good results, it may be exaggerated. Therefore, the number of income sources never ensures good results for the investor.

If you base your plan on the assumption that future profits are certain and the market will be stable, then it can be considered a risk.

[Gallar]

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

Yes, the point is, when we want to invest in Bitcoin, we must be able to develop a good plan and target. So with that, I'm confident everything will run more smoothly. Because people who might sell their Bitcoin when there's even a slight increase certainly don't have a long-term plan. So,, when they make a profit, they sell their Bitcoin. While that's not wrong, it's a shame if it happens. Basically, if we sell our Bitcoin too early, it will certainly make us regret it later.

Because we won't be able to buy Bitcoin at a lower price again in the future. So that's why I say that a plan is very important when we decide to invest in Bitcoin. Furthermore, for those who like to borrow money to invest in Bitcoin, I suggest immediately abandoning that habit. Because it's clearly very dangerous and can cause you long-term stress. Because investing with borrowed money is not a good idea at all, because it's hot money. So, I hope everyone here doesn't do it, because it's risky.

[Rockson1]

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

Nothing stops an investors to buy at any prices, if you such an investor is investing with the DCA strategy, it means he can buy in different price without having any challenges, the problem with some people is that they want to time the market which might likely not end in their favour.
The DCA  strategy makes Bitcoin investment easy for everyone, in a situation where there are serious price fluctuations, you have nothing to worry about as an investor, rather the best you can do is to consistently invest that your discreationary income and even buy more if you can, market condition should not be a problem to any nvestor since our major concern is to reach our target, I think consistent top up of our portfolio should be what we are supposed to be more concerned about,