Buy Buy Buy or Sell Sell Sell?

[Finebone]

Not only that, if you invest in Bitcoin, then of course you will be able to take any kind of benefit later,

Try to know that it is wrong to invest in bitcoin and be tapping from it anytime you need money, that is wrong, because your Bitcoin stash can never grow freely like that, so it's a bad harbit you must let go. Additionally, their is no guarantee that you bitcoin investment is going to profitable in the future, so try to reduce your expectations a little bit, because nothing is 100% certain.

Because if you invest in Bitcoin, your money is more likely to be profitable two to three times,

The past performance of Bitcoin does not determine it future outcome, so I will advice you to not go all in on your investment because nothing is guarantee in the future.

 

Because you see that Bitcoin has been increasing in price according to the cycle since the past, so in this situation the price of Bitcoin will improve even more. So if you hold it only in the long term through Bitcoin investment, you will get the most success and the financial shortage will be eliminated in the future.

I will say it once again that nothing is guarantee in this life, so because Bitcoin did very well in the past does not guarantee that it is going to do well in the future, since the market is very unpredictable, so invest only what you can afford, so that you will not be too affected if you investment does not later go as planned.

[Derekfunds]

There is nothing wrong with buying the dip, but never encourage a new person to wait for the dip, because you cannot predict bitcoin, he may be waiting for the price to drop and feel disappointed in the end when the price continue to rise

Waiting for the dip is not only a disadvantage to a newbie investors, but also to those veterans investors that are still far from their over accumulation status, because it will slow down their accumulation, since they will now start timing the market, which is not a healthy accumulation practice, but if they are buying regularly through the dca accumulating strategy, they can still buy when the market dip, if they have the reserve funds to carry it out, but if you cannot afford it, their is no problem about that because you can still focus on your dca strategy that gives you the opportunity to buy at every price interval without any problem.

You are absolutely correct, the mistake some people make is to think or feel that they have to wait for the market Dip before they can purchase but it's not true and it is wrong to do that especially when you have not gotten to your over accumulation stage. The Dip should not be seen as an A plus set up for someone who is not already accumulating with the DCA method but taking advantage when it comes and you are prepared is okay but waiting for it without accumulating is misinformation or lack of knowledge and understanding and another mistake someone should not make is to force out a funds when there is Dip because it will backfire sooner or later.

[New Judgement]

If you're doing bitcoin you should always think long term, that's why you shouldn't use money you got from loan or money that was probably planned for a project. I think that bitcoin accumulation should be a gradual process, using money you can afford without looking back or relying on it if you had an emergency. Long term bitcoin accumulation also teaches you patience and discipline which are traits that would help you in most decision making in life generally.

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

[Abbatty]

If you're doing bitcoin you should always think long term, that's why you shouldn't use money you got from loan or money that was probably planned for a project. I think that bitcoin accumulation should be a gradual process, using money you can afford without looking back or relying on it if you had an emergency. Long term bitcoin accumulation also teaches you patience and discipline which are traits that would help you in most decision making in life generally.

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

What are even saying, what do you mean if you don’t have patient in life, you won’t when you invest for a long time. For a successful long time bitcoin investment, patience is among it characteristics. So even if you don’t have patience as part of you, so long you want to hold for a long time, it something you must do. Bitcoin need you to build that.

Patience and discipline is one thing that we require to be a bitcoin holder, we have seen people lose their bitcoin Asset and sell prematurely just because they lack patience and discipline.

[Merit.s]

Long-term Bitcoin accumulation should begin with financial stability, not financial pressure. Using borrowed money or funds meant for essential expenses can turn a long-term investment into a forced short-term sale when an emergency comes up. I also like the point about DCA because it connects investment with discipline. You can consistently allocate a reasonable portion of your discretionary income while still building your emergency reserve. That way, a market downturn doesn't automatically become a financial crisis.
The real goal isn't simply to accumulate more Bitcoin, it's to accumulate it without putting yourself in a position where you have to sell it at the wrong time. A sustainable plan should protect both the investment and the investor.

You don't need to be financially stable before you get started if not, you might not start your bitcoin investment because some people might not be able to overcome financial stability till they get old. No matter how little your discretionary income is even if it's from $10 above, you should start your bitcoin investment with DCA and work on improving your income.

Bitcoin is a good investment and a store of value overtime that can make you financially stable in future if you are able to accumulate as many bitcoin as you can for the future. Waiting is never a strategy because waiters are always low coiners in future. There's no perfect time to start your bitcoin investment. You also need to set up an emergency funds of three months of your monthly expenses to protect your bitcoin investment from selling when a real life emergency plays out.

[Princess Leah]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

Ofcourse it can cause someone who doesn't have patience or lacks discipline could learn on the long run that those traits are the only ways to achieve long term goals which is required of everyone that wants to invest in Bitcoin. I want you to know that some long term holders where not having the thought of holding it that long, some came for quick profits but later understood how important holding Bitcoin for long is and had to develop patience then discipline themselves to achieve their goal.

 Or don't you believe that someone who was a Bitcoin trader can later change into holding it? It's possible my dear cause series of lose in trading is enough to give the person a second thought after watching Bitcoin progress to different peaks, the thought of how much value would've been added to money put into Bitcoin if held for a longer period is enough to make anyone with quick money mentality reconsider their stance.

[Rockson1]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

Do you know that Bitcoin investment has thought many people different things, some people has learn with what they hear to remain strong and continue to hodl patiently, do you know that some persons were not ready to hodl for a long-term, I'm mostly referring to Bitcointalk forum members, but because of several discussions that have stressed on the need for investors to hodl for a long-term, they learn and today they are patiently acumulating Bitcoin and hodling for a long-term, discipline can be be instilled in a person, if some does not posses these two character previously, discipline and patience, it does not mean that they can not learn, something can make them learn to, especially something they have interest in.

[Sammysmart001]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man.

Patience is something that can really be developed through experience and and a personal quality, cause you won’t expect an impatient person to just invest in Bitcoin and automatically makes the person patient. But following up with a long term plan can help out to control one’s urge to want to react to every price movement.

Given an example, someone can decide to start up with a short term plan but on the long round, he will realize that this buying and selling is not really working out for him. Than will want to find an approach that fit his goal than stick to a strategy. With time you will see that they gradually develop more discipline. So you will see that the experience itself teaches also, so we shouldn’t basically say that patience must have to be in an existence before anyone start to invest.  

[ChocolateBitcoinK]

There is nothing wrong with buying the dip, but never encourage a new person to wait for the dip, because you cannot predict bitcoin, he may be waiting for the price to drop and feel disappointed in the end when the price continue to rise

Waiting for the dip is not only a disadvantage to a newbie investors, but also to those veterans investors that are still far from their over accumulation status, because it will slow down their accumulation, since they will now start timing the market, which is not a healthy accumulation practice, but if they are buying regularly through the dca accumulating strategy, they can still buy when the market dip, if they have the reserve funds to carry it out, but if you cannot afford it, their is no problem about that because you can still focus on your dca strategy that gives you the opportunity to buy at every price interval without any problem.

You are absolutely correct, the mistake some people make is to think or feel that they have to wait for the market Dip before they can purchase but it's not true and it is wrong to do that especially when you have not gotten to your over accumulation stage. The Dip should not be seen as an A plus set up for someone who is not already accumulating with the DCA method but taking advantage when it comes and you are prepared is okay but waiting for it without accumulating is misinformation or lack of knowledge and understanding and another mistake someone should not make is to force out a funds when there is Dip because it will backfire sooner or later.

If you have a long-term goal of accumulating Bitcoin, sitting outside the market in the hope of buying at a low price can often unnecessarily delay your accumulation plan. If someone keeps extra money aside in addition to running regular DCA, they may have a plan to use that money during a major price drop.

You should not invest beyond your means just because of a dip. Pouring in extra money just because the price has dropped may not be part of your long-term investment plan. First, plan for regular accumulation by considering your discretionary income and financial security, and then allow for additional dip-buying if you can afford it.

[Agbam]

There is nothing wrong with buying the dip, but never encourage a new person to wait for the dip, because you cannot predict bitcoin, he may be waiting for the price to drop and feel disappointed in the end when the price continue to rise

Waiting for the dip is not only a disadvantage to a newbie investors, but also to those veterans investors that are still far from their over accumulation status, because it will slow down their accumulation, since they will now start timing the market, which is not a healthy accumulation practice, but if they are buying regularly through the dca accumulating strategy, they can still buy when the market dip, if they have the reserve funds to carry it out, but if you cannot afford it, their is no problem about that because you can still focus on your dca strategy that gives you the opportunity to buy at every price interval without any problem.

Not just for newbies for also for existing members, never encourage anyone to wait for the Dip to start investing. You don’t even know when the Dip will come, so waiting will only make postponing or delay your investment, and we all know it not good to delay Bitcoin investment so long you have your discretionary income available.

Why would you even encourage anyone to wait for the Dip when you know bitcoin is a volatile asset, why waste time when you have the money you want to invest with available. When it comes to bitcoin, accumulation is what matters and do that with your discretionary income.

Chasing the ideal dip can very quickly turn into justification to hold off on investing. The fact is, we never know when or how deep the next dip will be. Bitcoin could go down after you buy it, or it could go up as you're sitting around waiting for a lower price.

For those who know Bitcoin already and have some spare funds to invest, a steady accumulation plan can be easier than constantly trying to forecast each move. Discretionary income also allows you to hold on during that rare occasion when you're hit with a short-term loss.

However, investing right now doesn't necessarily imply you're going to be buying Bitcoin all at the same time. You could break up the amount of money you have to invest into smaller chunks, and then make regular purchases. This can help lift the burden of trying to get the exact right moment.

The bottom line is to have a plan and to stick to it with discipline. The market always has a set of reasons not to act, but no one can know in advance when the market will present us with the best set of buying circumstances.

Yes, you can never buy Bitcoin all at once no matter how wealthy you are, I think that is 100% certain. Trading Bitcoin is not also comparable to holding Bitcoin for the long term, the losses you’ll experience in the course of trading can be an addition to your profits if you’re holding for the long term.

I think the choice of breaking up funds into smaller chunks comes to play when an investor receives an unexpected profit or monetary gift or bonus then he can decide to go all in at once (lump sum) or buy weekly in smaller chunks (DCA) or wait to buy at the dip.
But breaking up your regular discretionary money into smaller chunks, i don’t think it’s worth it unless you maybe you earn monthly and decide to split your discretionary to be able to buy weekly.

[PhilosopherKing]

If you're doing bitcoin you should always think long term, that's why you shouldn't use money you got from loan or money that was probably planned for a project. I think that bitcoin accumulation should be a gradual process, using money you can afford without looking back or relying on it if you had an emergency. Long term bitcoin accumulation also teaches you patience and discipline which are traits that would help you in most decision making in life generally.

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

A quick one for you dude>When you was a toddler, you had a way you behaved, is that the same way you are still behaving right now huh? Nothing is constant, all things are in constant flux. Also I doubt that your were Mr Perfect in ur first few weeks of bitcoin. You learned stuffs right, that made you a better investor.

Yes bitcoin didn't change you overnight but the experience you get from it made you to know the right thing to do and then the wrong thing to stay away from. So if you can learn and get transformed, then why do fuck can't others learn. Guys have common sense yeah, so if they see that they have been doing a particular thing like trading their bitcoin when price go low, and that it isn't giving them the reward like they hoped, they should be able to learn and turn a new and so get things done differently so that they can get different results.

So even if person lacks patience am sure that the more time they spend investing and around forum like this one,  the more they will value patience so they can also benefit from bitcoin like others.

[Sulegzy39]

It is never stated that an emergency fund is required for a starter. However, as a human being, you do not need someone to tell you certain things; you must use your common sense to discover them. That is why.They ended up finding nothing, and in some cases blamed something unrelated to their bitcoin investment.

Not because they panic when markets fall; in reality, they have nothing to do with the stock market; all they care about is how it performs.about is how they may attain their investment aim, but they only picture oneself dumping their shares when it is impossible. Their plans And the reason for this is that they neglect to set up backup or emergency funds for their bitcoin investment. Whether you like it or not, you will have a very hard time reaching your investment goal if you don't set up backup funds for your bitcoin investment.

[GhostOfBitcoin]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

Do you know that Bitcoin investment has thought many people different things, some people has learn with what they hear to remain strong and continue to hodl patiently, do you know that some persons were not ready to hodl for a long-term, I'm mostly referring to Bitcointalk forum members, but because of several discussions that have stressed on the need for investors to hodl for a long-term, they learn and today they are patiently acumulating Bitcoin and hodling for a long-term, discipline can be be instilled in a person, if some does not posses these two character previously, discipline and patience, it does not mean that they can not learn, something can make them learn to, especially something they have interest in.

The benefit isn’t just about making money on the flip  one learns lessons through participating.

Back then many sold everything when they panicked in the initial phases. But once you start talking every day in these forums (like I did), you read all the experience folks are sharing. Many people have come back now and learned what went wrong. In short, Bitcoin will be an exercise in your mental discipline over time.

You’re exactly right on that point, as well. If someone’s willing to put in the effort to learn, they can achieve it.

[Showlove01]

Long-term Bitcoin accumulation should begin with financial stability, not financial pressure. Using borrowed money or funds meant for essential expenses can turn a long-term investment into a forced short-term sale when an emergency comes up. I also like the point about DCA because it connects investment with discipline. You can consistently allocate a reasonable portion of your discretionary income while still building your emergency reserve. That way, a market downturn doesn't automatically become a financial crisis.
The real goal isn't simply to accumulate more Bitcoin, it's to accumulate it without putting yourself in a position where you have to sell it at the wrong time. A sustainable plan should protect both the investment and the investor.

I disagree with you, long term Bitcoin investment is not mandatory to start with financial stability because if that was true most of the people who has a good portfolio would not have started years back but rather Bitcoin investment should be started with a discrestionary income. You can have a discrestionary income even when you are not financially stable and in this situation what one needs the most is discipline to be able to use the discretionary income very well. Financial stability is good but it is not a must to have it before starting Bitcoin Investment.

[Rockson1]

Long-term Bitcoin accumulation should begin with financial stability, not financial pressure. Using borrowed money or funds meant for essential expenses can turn a long-term investment into a forced short-term sale when an emergency comes up. I also like the point about DCA because it connects investment with discipline. You can consistently allocate a reasonable portion of your discretionary income while still building your emergency reserve. That way, a market downturn doesn't automatically become a financial crisis.
The real goal isn't simply to accumulate more Bitcoin, it's to accumulate it without putting yourself in a position where you have to sell it at the wrong time. A sustainable plan should protect both the investment and the investor.

Are you for real that long-term Bitcoin journey should start with financial stability? So if one is not financially stable, he should not start investing right? I only take this as your opinion, but it is wrong if it is your suggestion, being financially stable doesn't guarantee anything because there people who are financially stable but can not figure out their discretionary income to anable them invest in Bitcoin, I'm not saying being financially stable is not helpful for a Bitcoin investor, however, my point is that, we can start our long-term Bitcoin investment journey as long as we can figure out our discreationary income from any available source.

[Cgrexp]

Long-term Bitcoin accumulation should begin with financial stability, not financial pressure. Using borrowed money or funds meant for essential expenses can turn a long-term investment into a forced short-term sale when an emergency comes up. I also like the point about DCA because it connects investment with discipline. You can consistently allocate a reasonable portion of your discretionary income while still building your emergency reserve. That way, a market downturn doesn't automatically become a financial crisis.
The real goal isn't simply to accumulate more Bitcoin, it's to accumulate it without putting yourself in a position where you have to sell it at the wrong time. A sustainable plan should protect both the investment and the investor.

I disagree with you, long term Bitcoin investment is not mandatory to start with financial stability because if that was true most of the people who has a good portfolio would not have started years back but rather Bitcoin investment should be started with a discrestionary income. You can have a discrestionary income even when you are not financially stable and in this situation what one needs the most is discipline to be able to use the discretionary income very well. Financial stability is good but it is not a must to have it before starting Bitcoin Investment.

Even if someone's financial situation is not completely stable, they may have some money left over after meeting their essential expenses from their income. It is possible to start investing in Bitcoin with a small amount of that money. It is more reasonable to invest from your discretionary income rather than using money for emergencies, debt repayments, or daily expenses. It is not mandatory for a person to be completely financially stable before starting to invest. It is more important whether they have some surplus money beyond their essential expenses and how disciplined they are in using that money. Making financial stability the only condition for starting to invest in Bitcoin can unnecessarily delay the opportunity for many people to start investing.

[Homemade-IQ]

Long-term Bitcoin accumulation should begin with financial stability, not financial pressure. Using borrowed money or funds meant for essential expenses can turn a long-term investment into a forced short-term sale when an emergency comes up. I also like the point about DCA because it connects investment with discipline. You can consistently allocate a reasonable portion of your discretionary income while still building your emergency reserve. That way, a market downturn doesn't automatically become a financial crisis.
The real goal isn't simply to accumulate more Bitcoin, it's to accumulate it without putting yourself in a position where you have to sell it at the wrong time. A sustainable plan should protect both the investment and the investor.

This is the problem of most bitcoin investor and the misconception they have towards it, they believe that they must be stable financially before they can start investing in Bitcoin, which is not true, because as long as you can figure out your discretionary income, you can invest in bitcoin and be successful.

All you just need is to be investing consistently anytime your discretionary income is available, and the rest things you have to do to ensure that your investment is successful is by putting your emergency and reserve funds in place, so that emergency wouldn't force your hand to sell when it's not the right time.

[Agbam]

Yes, you don’t have to build your emergency funds immediately as soon as you start your bitcoin investment, what you should do is get started with buying and accumulating, however 3 months into your bitcoin investment is good to start having your backup funds,

Although I understand that your discussion is good in that you want to convey the importance of starting to invest. But how will the investor cope if an unexpected situation arises during these three months?
The important thing in long-term investing is to use money that you will not be forced to sell even if you suddenly need it. A new person can start investing in small amounts and at the same time build his financial security. He should not have to collect a large amount of Bitcoin quickly at the beginning, but rather he should make a plan at the beginning so that he does not have to change his decision even in bad times.

If someone invests with a part of his necessary expenses, market fluctuations are likely to put him under additional stress. Therefore, focusing on building an emergency fund along with investing can strengthen his long-term plan.

Ayy! @Alonso is definitely giving a bad advice. It’s true that getting started is very important instead of fucking around waiting to build up your backup funds but it’s also important to know that you’re not expected to get started without any form of backup that’s why discretionary income is encouraged to be used for investment and a new investor doesn’t have to go all in, you can start small and increase as your confidence and resources grow.

Emergency funds and other backup funds are as much important as the investable capital and getting started. The best option is to grow both your investment and backup simultaneously..

[Rhow]

Yes, you can never buy Bitcoin all at once no matter how wealthy you are, I think that is 100% certain.

If someone has a regular savings plan, a reserve has been created in advance in the plan to buy when the price falls and has met the necessary expenses and an emergency fund, then he can definitely buy if he wants. There is no problem in this, because he is not destroying his main plan of regular savings. Again, if someone wants, he can divide the same amount into several parts and buy over time, it is the person's own decision. The main issue here is not the name of the method, but rather whether the money is really beyond the need or not.

Again, the matter may be different in the case of those who have regular income. Again, those who get income once a month, if they want, they can divide their monthly discretionary income weekly so that they do not have to depend on the market price on a day. Even if he wants to invest by determining the investment amount on the first day, considering all aspects, he can do it.

[Dick Long]

You are absolutely correct, the mistake some people make is to think or feel that they have to wait for the market Dip before they can purchase but it's not true and it is wrong to do that especially when you have not gotten to your over accumulation stage. The Dip should not be seen as an A plus set up for someone who is not already accumulating with the DCA method but taking advantage when it comes and you are prepared is okay but waiting for it without accumulating is misinformation or lack of knowledge and understanding and another mistake someone should not make is to force out a funds when there is Dip because it will backfire sooner or later.

Waiting for the dip before investing in Bitcoin can lead to several mistakes that can results to financial losses especially for those that often talk about the dip before investing in Bitcoin. The dip is not an exclusive pathway to become profitable investing in Bitcoin. Waiting for the dip can create unnecessary delays and make investors to miss important opportunities in the market that is not often favourable for such kind of investors.

Timing the market before investing is a total waste of time and investors that understand how Bitcoin moves without being greedy when spreading their investments will not want to buy chunks of Bitcoin at once when it can be bought gradually on intervals.

Building Bitcoin portfolio and building emergency fund don't have to be mutually exclusive. This can be done simultaneously without waiting for the emergency funding to mature before having a Bitcoin portfolio.