Buy Buy Buy or Sell Sell Sell?

[Ishicryptic]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Long-term Bitcoin investment is mainly liked by investors who understands that whatever plans or aim you have for your bitcon investment, my not be accomplished in short term, if you trace down the history of Bitcoin, Bitcoin has repeatedly been beneficial long-term invest, exemple of that is, before the $100k ATH, some people at some point give up, because of the doubt that that the $100k ATH is long over due and for that, it is no longer achievable but those who believed and trusted the system refused to give up and they benefitted at the end.
Buying Bitcoin little by little and aggressively at some point, has helped many investors accumulate a good sum of Bitcoin overtime .

If you're going into Bitcoin investment it is better to prepare your mind to buy and hold for many years without worrying about monitoring the market to see if you're making profit or not, if you're buying dip you're buying at a cheap price and if you're buying at a higher price you're sure that as price continues to increase the value of your Bitcoin is likewise increasing. As long as we continue to anticipate ATH in the future and Bitcoin is showing potentials that it can always reach a peak price we should just focus on our DCA or any other strategies that we choose to accumulate with. Bitcoin is not like shitcoins that pumps within a short time and shows unrealistic profit and within a shorter time it would dump and die after an exit scam, Bitcoin is decentralized and as much as more of it are being held as a store of value it's scarcity will make it to always reach ATH.

[Sally9256]

I agree that only determination is not sufficient to hold Bitcoin during emergency. When individuals don't have an emergency fund and all of a sudden have a need to sell for medical bills, repairs, or other emergency, they may be left with no choice. This is why it is crucial to have an emergency fund in place before you choose to "HODL". Bitcoin should be a commodity that is in the end not the money you need during times of uncertainty, but what you are willing to let go of. Long term holding is much easier if it's planned.

Determination can only be sufficient if it is backed up with emergency funds and the right knowledge, every investor should have a reserve funds or emergency funds in case of any emergency. The reason I said right knowledge is that, some people will sell their Bitcoin investment even when they have emergency funds and I will like to inform you that no Investment is ever easy no matter the plans one have but rather the plan will reduce some stress, unnecessary pressure and emotions and distinguish them from others.

I really understand your point. determination is very important, even with your good plan, no investment is completely easy, because there will be moment of pleasure and losses, but when it comes to investing, determination alone at times is not enough. but reserve funds is very important, it gives you enough chance to be able to stay invested without being distracted or being forced to sell your bitcoin at wrong time.

What makes investors remain disciplined? Is a strong financial plan right from beginning, it can help investors to remain disciplined, and also reduce the pressure of selling their investments whenever their in hardship. And the right knowledge you said is also important, because once you have the knowledge of what you are about to invest in, it will make the whole process easy for you and make you stayed committed to your plans whenever things don’t go as you expect it.

Well said, sometimes newbies get this confused, we know you should never delay your investment because you are trying to get your emergency or reserve funds ready but then that doesn’t mean you should forsake them. As soon as you start your investment, you should start looking for more income on how to start saving for your emergency funds and reserve funds. These 2 funds are like the pillar to every successful investment.

So to remain disciplined and consistent in building your investment, you need to build your reserve and emergency funds alongside your investment. When times die difficulties come, you will see that you don’t need to start panicking and selling off your hard built investment, but instead you will go the the reserve funds and emergency funds and use them for what they are actually meant for.

[Crytohillss]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Long-term Bitcoin investment is mainly liked by investors who understands that whatever plans or aim you have for your bitcon investment, my not be accomplished in short term, if you trace down the history of Bitcoin, Bitcoin has repeatedly been beneficial long-term invest, exemple of that is, before the $100k ATH, some people at some point give up, because of the doubt that that the $100k ATH is long over due and for that, it is no longer achievable but those who believed and trusted the system refused to give up and they benefitted at the end.
Buying Bitcoin little by little and aggressively at some point, has helped many investors accumulate a good sum of Bitcoin overtime .

If you're going into Bitcoin investment it is better to prepare your mind to buy and hold for many years without worrying about monitoring the market to see if you're making profit or not, if you're buying dip you're buying at a cheap price and if you're buying at a higher price you're sure that as price continues to increase the value of your Bitcoin is likewise increasing. As long as we continue to anticipate ATH in the future and Bitcoin is showing potentials that it can always reach a peak price we should just focus on our DCA or any other strategies that we choose to accumulate with. Bitcoin is not like shitcoins that pumps within a short time and shows unrealistic profit and within a shorter time it would dump and die after an exit scam, Bitcoin is decentralized and as much as more of it are being held as a store of value it's scarcity will make it to always reach ATH.

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

[liasbaa]

Hello everyone. I am brand new here. I learned about Bitcoin from a friend a few days ago. I am a job holder by profession. I am very interested in learning about Bitcoin. How can I save Bitcoin for the long term and what are the important things I need to know before investing in Bitcoin? My request to the experienced members what kind of security measures would you advise a new investor to take?

I am eagerly waiting to learn from this community.

First, learn about Bitcoin security. Choose a non-custodial wallet and store its security key and seed phrase in a safe place. The second step is to transfer your Bitcoin holdings from an exchange to a non-custodial wallet instead of keeping them on the exchange.

It is easier for a working person to stay invested in Bitcoin for the long term because he has a guaranteed source of income every week. Spend the amount you earn to meet your and your family's daily needs from the amount you receive. Accumulation Bitcoin with the remaining amount of funds/discretionary income. Instead of buying Bitcoin with the full amount of discretionary income, keep the amount you need for extra expenses. An emergency fund is important for long term Bitcoin. If you do not have this emergency fund create this fund from discretionary income.

Increase your Bitcoin accumulation as your salary increases and stay consistent over a long term of 4-10 years or as long as your source of income is available.

[yixichloro2xx]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Long-term Bitcoin investment is mainly liked by investors who understands that whatever plans or aim you have for your bitcon investment, my not be accomplished in short term, if you trace down the history of Bitcoin, Bitcoin has repeatedly been beneficial long-term invest, exemple of that is, before the $100k ATH, some people at some point give up, because of the doubt that that the $100k ATH is long over due and for that, it is no longer achievable but those who believed and trusted the system refused to give up and they benefitted at the end.
Buying Bitcoin little by little and aggressively at some point, has helped many investors accumulate a good sum of Bitcoin overtime .

If you're going into Bitcoin investment it is better to prepare your mind to buy and hold for many years without worrying about monitoring the market to see if you're making profit or not, if you're buying dip you're buying at a cheap price and if you're buying at a higher price you're sure that as price continues to increase the value of your Bitcoin is likewise increasing. As long as we continue to anticipate ATH in the future and Bitcoin is showing potentials that it can always reach a peak price we should just focus on our DCA or any other strategies that we choose to accumulate with. Bitcoin is not like shitcoins that pumps within a short time and shows unrealistic profit and within a shorter time it would dump and die after an exit scam, Bitcoin is decentralized and as much as more of it are being held as a store of value it's scarcity will make it to always reach ATH.

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

If an investor goal is to hold for a long term, then they maintain some level to discipline in order to achieve that goal. A lot of these investors who panics because of short term market moves lacks knowledge/understanding about Bitcoin or poor financial plan. On the knowledge part, some of them don't want to learn, instead they keep buying with even understanding what they are putting their money into. If they understood Bitcoin, they will know that it's not good to react because of market volatility.
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‎Lastly guys with poor financial plans always want the price of Bitcoin to be bullish. Reason is because they invest without either sorting out their bills or investing beyond their capabilities. Which makes every dip become a problem for them, and that's why they are always glued in checking Bitcoin price. As an investor, you should know that the market will always test us, is how you prepare for it that determines if you can be able to hold for long.
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[Rhow]

Ya any investors that wishes hodl there Bitcoin accumulation for a long time need a good financial management, need to have their reserve funds available and also there emergency funds too which is also very important if you must accumulate Bitcoin and hodl for long time.

Bitcoin investment is a long term investment the moment any one is investing outside what is supposed to be there discretionary income can't hodl for long because they have use other funds that isn't meant to be use to accumulate Bitcoin to invest, so an investor who wants to get their over accumulation phase must plan well and use the right investment strategy which is investing with their discretionary income and having there emergency, reserve and back up funds available.

There is no doubt that a reserve fund or emergency fund is important for long-term Bitcoin holding. But without a reserve fund, long-term holding is not possible at all, it can be quite a hardship. Because as an investor, the main thing for us is what money we are actually buying Bitcoin with. If the money to buy Bitcoin comes from rent, food, medical care, family or near-term necessary expenses, then even the slightest danger may force us to sell it.

On the other hand, if someone starts with their discretionary income, even if it is small, and starts building an emergency fund at the same time, then that is not wrong.

[sotelorene]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

Bitcoin is not a get rich quick scheme even though some traders are fucking making a ot of money from it, people who are interested are the pump of Bitcoin are short term investors in other words they are gamblers and it is dangerous to monitor or focus on that because you can actually lose a good amount of money especially if you don't have a good knowledge and a strategy that is tested and trusted. I would not advise newbie to go into trading but rather they should focus on Bitcoin investment because it is more safe than trading or gambling.

[OgNasty]

We are at an interesting stage here.  Will the market go up, break out to new 6 month highs and make a run to retake $100,000?  or...  will we see a double top with a side of Bartman on the 6 month chart? 

I'm personally enjoying my DCA at these levels and wouldn't mind the price staying depressed for a while longer.  Everybody likes a rally though so I feel like for those who are stacking, we really are in a win-win situation at the moment. 

[Princess Leah]

There is no doubt that a reserve fund or emergency fund is important for long-term Bitcoin holding. But without a reserve fund, long-term holding is not possible at all, it can be quite a hardship. Because as an investor, the main thing for us is what money we are actually buying Bitcoin with. If the money to buy Bitcoin comes from rent, food, medical care, family or near-term necessary expenses, then even the slightest danger may force us to sell it.

On the other hand, if someone starts with their discretionary income, even if it is small, and starts building an emergency fund at the same time, then that is not wrong.

It's not like the investment can't proceed without the reserve or emergency funds but not having it intact makes it difficult for someone to invest in time of unfortunate circumstances like loss of job or accident, so investors should take them seriously cause we don't pray for those kind of situations to happen to use but we should be prepared for them.

 You hit the nail at the right place, same way we gradually/consistently invest in Bitcoin is how we can build our emergency and reserve funds too cause without them the investment might not survive holding for too long if unfortunate situations occur.

[Sim_card]

First, learn about Bitcoin security. Choose a non-custodial wallet and store its security key and seed phrase in a safe place. The second step is to transfer your Bitcoin holdings from an exchange to a non-custodial wallet instead of keeping them on the exchange.

This is not the first thing a brand new bitcoin investor should do. He doesn't even have any bitcoin yet and you are telling him about bitcoin security and a wallet. I haven't heard anything like security key in bitcoin wallet. What I know is password, seed phrase and passphrase. Which bitcoin will he transfer?

A brand new investor only need to figure out if he have a discretionary income and use part of it to buy bitcoin through DCA in order for him to continue buying weekly overtime to build and grow his bitcoin investment for the future. He also needs to set up an emergency funds which he can do that by sharing his discretionary income into three equal parts. The first part for his regular weekly DCA, second part for building his emergency funds and that last 1/3 for his discretionary consumption.

[Halifat]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Adding to what you have said, long term investment is actually good when it comes to bitcoin investment, if anyone want to go into bitcoin investment definitely you have to have the mindset of a long time investment so that you can be qualified as an investor, nobody should try to be a trader in Bitcoin because it actually not the appropriate way when it comes to building a bitcoin polifolio. Setting a target for yourself by using DCA method in accumulating bitcoin either weekly or monthly, no amount is small because that's depends on the amount you have left as your discretionary income.

[Abbatty]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Adding to what you have said, long term investment is actually good when it comes to bitcoin investment, if anyone want to go into bitcoin investment definitely you have to have the mindset of a long time investment so that you can be qualified as an investor, nobody should try to be a trader in Bitcoin because it actually not the appropriate way when it comes to building a bitcoin polifolio. Setting a target for yourself by using DCA method in accumulating bitcoin either weekly or monthly, no amount is small because that's depends on the amount you have left as your discretionary income.

It not that trading is a bad thing like you said, but it is more favorable to invest in Bitcoin rather than trading, and when doing so, you should invest for a long period of time. Investing for a short period of time is more like trading,  and when you do so you might end up letting your emotions get the better of you. So rather encourage people to invest than trade but don’t say trading is a bad thing.

There are people who still make decent money through trading, but it more like a gamble that why it is best to encourage people to invest. It not that even when investing making profit is certain but then history have shown countless times that if you can hold for a long period of time, it always profitable.

[GIF-JOBS]

The reason i prefer long term investment is,it gives you time to accumulate what ever profit that comes with it. The long term investment also afford you time to monitor and make adjustment if there is any. You can actually allow it to grow while you are busy with other business. Although long term investment does not always guarantee huge profit but by accumulation it will be good. The cost of one BTC today will not be the same in 5yrs coming

Adding to what you have said, long term investment is actually good when it comes to bitcoin investment, if anyone want to go into bitcoin investment definitely you have to have the mindset of a long time investment so that you can be qualified as an investor, nobody should try to be a trader in Bitcoin because it actually not the appropriate way when it comes to building a bitcoin polifolio. Setting a target for yourself by using DCA method in accumulating bitcoin either weekly or monthly, no amount is small because that's depends on the amount you have left as your discretionary income.

In a highly volatile asset like Bitcoin, it is important to have a long-term mindset. Being an ideal investor does not only depend on holding for the long term. His financial capacity, ability to understand risk, investment objectives and discipline are also important.
If someone is skilled, he can trade but also trading is very very risky. so rather then if he wants to build a long-term portfolio of Bitcoin. it is much more realistic to follow a clear long-term plan instead of repeatedly making short-term trades. By investing a fixed amount weekly or monthly by DCA. one can gradually build a portfolio without worrying too much about short-term fluctuations in the market.
If one has a small discretionary income. it is natural to start with a small amount. Maintaining one's financial stability is more important than increasing the amount of investment. The amount of DCA can also be gradually increased as income increases or additional money becomes available.
but also DCA is not a guarantee of profit. It's a good strategy, but there are still risks. There's no such thing as guaranteed success.

[Obulis]

Hello everyone. I am brand new here. I learned about Bitcoin from a friend a few days ago. I am a job holder by profession. I am very interested in learning about Bitcoin. How can I save Bitcoin for the long term and what are the important things I need to know before investing in Bitcoin? My request to the experienced members what kind of security measures would you advise a new investor to take?

I am eagerly waiting to learn from this community.

You are welcome on board, coming down to this community is for sure an added advantage. Howbeit, one thing to do now is to compare and contrast what your exposition friend has thought you already because some that you will learn here will be totally repetition which enhances understanding and some a brand new learning.

To start with, being a job holder is an advantage that can enable you use different Bitcoin investment strategies mostly DCA strategy which I believe your friend must have pointed to. And by now discretionary funds (funds that you have after basic expenses, funds that you might spend without accountability, funds that you are not using any time soon, funds that you can afford to lose) can not be a news, discretionary funds is the most advisable funds to use in Bitcoin investment.
Also don't forget to question your friend anytime you met any learning that hasn't been from him this will help your level or speed of understand also.

[Umulala-alala]

We are at an interesting stage here.  Will the market go up, break out to new 6 month highs and make a run to retake $100,000?  or...  will we see a double top with a side of Bartman on the 6 month chart? 

I'm personally enjoying my DCA at these levels and wouldn't mind the price staying depressed for a while longer.  Everybody likes a rally though so I feel like for those who are stacking, we really are in a win-win situation at the moment. 

Using the dca strategy means you are always buying bitcoin regardless of the price of bitcoin, and this is the best way to stack up more bitcoin and gradually approach your over accumulation point. It's difficult to predict the movement of BTC to know if the price will continue to go up or down and this why it makes no sense waiting for some price before one can buy bitcoin, as an investor we shouldn't focus more on the price of bitcoin rather we should consistently be buying BTC and hodl for a long time.

[Princess Leah]

Using the dca strategy means you are always buying bitcoin regardless of the price of bitcoin, and this is the best way to stack up more bitcoin and gradually approach your over accumulation point. It's difficult to predict the movement of BTC to know if the price will continue to go up or down and this why it makes no sense waiting for some price before one can buy bitcoin, as an investor we shouldn't focus more on the price of bitcoin rather we should consistently be buying BTC and hodl for a long time.

You're right, the price of Bitcoin has nothing to do with someone that's using the DCA method, although buying when the price is lower is an advantage but since one is constantly buying it means that the person would likely buy at different bottoms which makes it a very good way of investing.

 You don't have to wait for the market to dip but can be consistent and still buy at different dips, tell me why the DCA won't be seen as the most suitable strategy for investment.

[Sulegzy39]

When you make the decision to invest in Bitcoin, you should prepare yourself to purchase and hold it for many years without being concerned about keeping track of market conditions to see if you're earning a profit or not; if you buy at a low price, you're getting a good deal, and if you buy at a high price, you can be confident that as the price rises, so will the worth of your Bitcoin.

As long as we predict ATH being reached in the future and Bitcoin continues to show potential for a high price, we should focus on our DCA or any other techniques that we decide to build up wealth through.Bitcoin itself is not like digital currencies, which pump quickly and show false profits before dumping and dying due to an exit scam. Bitcoin is decentralised, and as more of it is kept as a store of value, its scarcity will cause it to always achieve a high level.

[laijsica]

We are at an interesting stage here.  Will the market go up, break out to new 6 month highs and make a run to retake $100,000?  or...  will we see a double top with a side of Bartman on the 6 month chart?  

I'm personally enjoying my DCA at these levels and wouldn't mind the price staying depressed for a while longer.  Everybody likes a rally though so I feel like for those who are stacking, we really are in a win-win situation at the moment.  

To get the best time for Bitcoin, allocate a period of 4 years from now only for DCA. Although there are many floating comments about the future prediction of Bitcoin's price, the closest and most reliable one for me is the possibility of around $300k. This possibility period could be the period of 2028-2030. The nest post-halving period is a very good time for Bitcoin price to increase.

Bitcoin make a race to recover its latest ATH price of $126k will not start immediately. The market is preparing for the next bull run.

[BITBI-4]

Hello everyone. I am brand new here. I learned about Bitcoin from a friend a few days ago. I am a job holder by profession. I am very interested in learning about Bitcoin. How can I save Bitcoin for the long term and what are the important things I need to know before investing in Bitcoin? My request to the experienced members what kind of security measures would you advise a new investor to take?

I am eagerly waiting to learn from this community.

You are welcome on board, coming down to this community is for sure an added advantage. Howbeit, one thing to do now is to compare and contrast what your exposition friend has thought you already because some that you will learn here will be totally repetition which enhances understanding and some a brand new learning.

To start with, being a job holder is an advantage that can enable you use different Bitcoin investment strategies mostly DCA strategy which I believe your friend must have pointed to. And by now discretionary funds (funds that you have after basic expenses, funds that you might spend without accountability, funds that you are not using any time soon, funds that you can afford to lose) can not be a news, discretionary funds is the most advisable funds to use in Bitcoin investment.
Also don't forget to question your friend anytime you met any learning that hasn't been from him this will help your level or speed of understand also.

Thank you very much for welcoming me and giving me such a nice advice. I really appreciate your advice.

Actually I first heard about Bitcoin from a friend of mine. Then I got curious about it. I started searching for various information on the internet and saw interviews and discussions of various people who are experienced in Bitcoin. The more I know the more my interest in Bitcoin increases. Now I am seriously thinking about investing in Bitcoin myself.

In my case one thing is a little different. I am probably going to be the first person in my family to invest in Bitcoin. My family members have always considered banks and traditional savings as the safest way to keep money. So Bitcoin is still a new and risky thing for them. I can understand their thinking as well because they have been relying on the traditional banking system for many years. Thank you also for your advice about DCA and discretionary funds. I will definitely keep these in mind and try to learn more from the experienced members of this community.

[Joeboy]

We are at an interesting stage here.  Will the market go up, break out to new 6 month highs and make a run to retake $100,000?  or...  will we see a double top with a side of Bartman on the 6 month chart? 

I'm personally enjoying my DCA at these levels and wouldn't mind the price staying depressed for a while longer.  Everybody likes a rally though so I feel like for those who are stacking, we really are in a win-win situation at the moment. 

I think I will just enjoy the show same as you since I don't really want to give myself all that stress that comes with too much expectations...So if it goes up then that means my wallet will be smiling and if it dips further then I bet that would be an opportunity for me to aggressively increase my portfolio.. Either ways it's all good.. Bitcoin so much enjoys doing exactly of whatever I expect it to do. So there is no point trying to keep myself on the edge by trying to predict the price movement..
Better still, I will just stick to my DCA strategy and let the market decide what it wanna do, either way I wouldn't be at a loss and neither will I be idlely sitting and monitoring the price...