Buy Buy Buy or Sell Sell Sell?

[Tongley]

In order to invest successfully in Bitcoin, investors need to take a few more steps (success is not guaranteed, but the chances of success increase significantly if you invest consistently for a long time in the right way). You mentioned an emergency fund in addition to requesting weekly DCA. I would like to give you a few more points. Understanding income and expenses is a prerequisite for investing. An investor will find it easier to make investment decisions if he is aware of his discretionary income. Because discretionary income is the money left over after all needs are met, it facilitates investment decisions.

Therefore, an investor won't experience any pressure to make additional investments in the future if he uses this money consistently. Indeed, an investor can begin investing with a consistent portion of his discretionary income and increase the amount based on his position. I believe investors will have a good chance of making profitable investments if they can follow this plan and stick with it for a long time (at least four to five years).

Yes, I completely agree with you, but you forgot to mention one thing, that is an emergency fund to protect your investment. It is not enough to invest, but an emergency fund is very necessary to protect your investment. During investment, we face many types of financial crises such as medical expenses, job loss, weekly or monthly extra expenses, etc. It is mandatory to have an emergency fund so that our holdings do not get stressed during all these unexpected financial crises.

Not only an emergency fund, but also each person can divide their safety net into several parts. The more our safety net is, the less likely we will be to sell during this financial crisis.

[DubemIfedigbo001]

Some people who don't have that much income prefer to wait for the better entries to maximize there proofits while other who have more money prefer to invest regularly,however sometime waiting for the perfect dip can also cause you to miss good opportunities but it can also be very benefial in bear market and you can make good profit from it.

Bitcoin investment should be tailored according to your own financial ability, anyone can always start buying even with a small discretionary income as low as $10. There is no need to wait if you've discretionary income, people finds a lot of excuses to delay taking action. If you cannot start investing with the little you've for the moment with DCA, there's no guarantee such investor will even invest if they have larger discretionary income since they're full of excuses to delay starting their accumulation journey.

The best approach is always to start and maintain consistency, success starts when you quit giving excuses and start taking action. Buying consistently over a long period of time would naturally produce the best result than waiting for better entries of which you might be having decision fatique and not agree any entry point is best until you finally end up not investing at all.

[Bluedrem]

Yes, I completely agree with you, but you forgot to mention one thing, that is an emergency fund to protect your investment. It is not enough to invest, but an emergency fund is very necessary to protect your investment. During investment, we face many types of financial crises such as medical expenses, job loss, weekly or monthly extra expenses, etc. It is mandatory to have an emergency fund so that our holdings do not get stressed during all these unexpected financial crises.

Not only an emergency fund, but also each person can divide their safety net into several parts. The more our safety net is, the less likely we will be to sell during this financial crisis.

Yes, an emergency fund is essential to maintain a Bitcoin portfolio for a long time. Regardless of how a person buys Bitcoin, whether it is a DC method or a one-time purchase, it is essential to build an emergency fund to maintain his investment portfolio. Especially, a person must use discretionary income for his investment so that no money is spent on investment that can be used for other needs, i.e. this money can be used for other needs. But if someone creates an emergency fund along with using discretionary income, then he can use that discretionary income to deal with any emergency situation. Therefore, the importance of an emergency fund to maintain a Bitcoin portfolio for the long term is immense.

[cocadalcan]

In order to invest successfully in Bitcoin, investors need to take a few more steps (success is not guaranteed, but the chances of success increase significantly if you invest consistently for a long time in the right way). You mentioned an emergency fund in addition to requesting weekly DCA. I would like to give you a few more points. Understanding income and expenses is a prerequisite for investing. An investor will find it easier to make investment decisions if he is aware of his discretionary income. Because discretionary income is the money left over after all needs are met, it facilitates investment decisions.

Therefore, an investor won't experience any pressure to make additional investments in the future if he uses this money consistently. Indeed, an investor can begin investing with a consistent portion of his discretionary income and increase the amount based on his position. I believe investors will have a good chance of making profitable investments if they can follow this plan and stick with it for a long time (at least four to five years).

Yes, I completely agree with you, but you forgot to mention one thing, that is an emergency fund to protect your investment. It is not enough to invest, but an emergency fund is very necessary to protect your investment. During investment, we face many types of financial crises such as medical expenses, job loss, weekly or monthly extra expenses, etc. It is mandatory to have an emergency fund so that our holdings do not get stressed during all these unexpected financial crises.

Not only an emergency fund, but also each person can divide their safety net into several parts. The more our safety net is, the less likely we will be to sell during this financial crisis.

The advice you gave about the importance of an emergency fund is correct. I would add the issue of cash flow. You are doing DCA regularly with the aim of accumulation Bitcoin for the long term but keeping cash flow with it creates another safety net. These liquid funds can play an effective role in solving small emergencies. These liquid funds can sometimes help in meeting additional needs of the family. Sometimes this liquid fund is also needed to buy DIP.

You mentioned that safety net and this cash flow is a part of it. Also, focus on creating multiple sources of income because if one source is lost, you can accumulate Bitcoin regularly with another. If you want to accumulate Bitcoin continuously you will need a stable income and always keep cash liquidity.

[BItcoin Guy@]

Why most of us don't like it when profit is mostly emphasized on, is because, you see some people who are in their early stage of Bitcoin accumulation discussing profit as if profit in Bitcoin is something you get immediately you start investing, yea nothing is guaranteed wether on a short term or long-term, but with the record of Bitcoin which we know, the reward for long-term holders has been there, which is why one should not talk about profit first rather concentrate and making efforts to build a bulky portfolio and hodl for a long term, cause without it there's nothing much to expect even though the reward finally comes in the future.

You're right, Bitcoin investment is not guaranteed to get profits easily, but everyone's dream is to get profit in Bitcoin, because that is the reason many people are investing in it, just to get the benefit. Others that invested in Bitcoin at an early stage have already gotten huge profit, and I don't think that will come back like before anymore. Bitcoin won't pump the way it did in the past. In 2013 and 2017, those times, that is when Bitcoin started to become more volatile and make it popular.

Investors always want to be seeing green always, and that is why you will see them talk about profit. If you don't want profit, why will you be holding for a long term. We all invest for long term to reach our target, and that is why we should always use the DCA method to invest in Bitcoin and use discretionary funds, so that any challenges that come up in the market, we won't feel it and regret. No investor needs lose, we all invest in Bitcoin to get profit in the future.

[BluebloodCXVI]

Just get a fucking plan and stick to it long term, but if you decide to play with your portfolio and do short-term trades to increase your earnings, then that's on you too, because, like what is said yeah almost all the time, that's the same thing as gambling, and you can never get it right with gambling, so you can just kiss your portfolio bye-bye. I don't particularly agree when people say interest shouldn't be what drives anyone to invest although I get the point but basically anyone and everyone who's in for Bitcoin investments aim at getting interest even if it's at long term interval.

Why most of us don't like it when profit is mostly emphasized on, is because, you see some people who are in their early stage of Bitcoin accumulation discussing profit as if profit in Bitcoin is something you get immediately you start investing, yea nothing is guaranteed wether on a short term or long-term, but with the record of Bitcoin which we know, the reward for long-term hodlers has been there, which is why one should not talk about profit first rather concentrate and making efforts to build a bulky portfolio and hodl for a long term, cause without it there's nothing much to expect even though the reward finally comes in the future.

The expectation of making profit is very strong among new investors because they are newbies in investment platform. Those who can control themselves from this short term and risky trend and accumulate Bitcoin regularly and build a large portfolio are the ones who succeed. I have seen most investors who were initially inclined to make a profit but after learning about Bitcoin and understanding its intrinsic value, they started investing for the long term and they are still accumulating Bitcoin in this process.

My advice is always to invest in Bitcoin for the long term because I do not expect them to repeat the same mistakes, that I made in the beginning. Build up your Bitcoin holdings without expecting profit at the beginning of investment, only then will you be able to succeed in investing in the future

I agree with you, focussing on profit will definitely bring anyone down mostly the bigerners it will mislead your attention towards your achievements in future, that's actually correct it's good for newbies to learn and keep on buying gradually to make sure you grow up your portfolio to an extent because those who discuss about profit are not even the newbies but those who has been making effort over the years so if they are focusing on profit newbies should be exempted because they still have a long way to go.

There’s no bitcoin investor that doesn’t have expectations of profit from their investment so it’s not necessarily a bad thing unless the person is expecting the profit to come quickly, then it might be a problem.

It is mostly the people who accepted that for them to make profit from bitcoin might take years that usually end up having a meaningful bitcoin investment position, becaus they stopped treating Bitcoin as if it was quick trade and started treating it more like something worth accumulating consistently, regardless of any short term market noise.

[Noorooo]

There’s no bitcoin investor that doesn’t have expectations of profit from their investment so it’s not necessarily a bad thing unless the person is expecting the profit to come quickly, then it might be a problem.

It is mostly the people who accepted that for them to make profit from bitcoin might take years that usually end up having a meaningful bitcoin investment position, becaus they stopped treating Bitcoin as if it was quick trade and started treating it more like something worth accumulating consistently, regardless of any short term market noise.

I completely agree with u.Investing in bitcoin should be long term.Short term price movements in bitcoin can distract bitcoin investers from its real potential.The most important thing in investing is staying patient and understanding of what ur are investing in and don't chase quick gains.However everyone should invest according to there financial position and should never risk money they can't afford to lose.

[Loyang]

There’s no bitcoin investor that doesn’t have expectations of profit from their investment so it’s not necessarily a bad thing unless the person is expecting the profit to come quickly, then it might be a problem.

It is mostly the people who accepted that for them to make profit from bitcoin might take years that usually end up having a meaningful bitcoin investment position, becaus they stopped treating Bitcoin as if it was quick trade and started treating it more like something worth accumulating consistently, regardless of any short term market noise.

I completely agree with u.Investing in bitcoin should be long term.Short term price movements in bitcoin can distract bitcoin investers from its real potential.The most important thing in investing is staying patient and understanding of what ur are investing in and don't chase quick gains.However everyone should invest according to there financial position and should never risk money they can't afford to lose.

Yes you are right I completely agree with you. Every person needs to invest depending on their financial situation. Because when a person cannot manage their financial situation properly, then he will definitely invest the required amount of money and he will not be able to find a source of discretionary income consistently. So it is very important for every person to manage his finances properly.

Yes patience is very important in long term investment. If a person cannot be patient then he will definitely not be able to hold his holding for a long term. Every factor is very important in investment we can never make one factor important but patience seems to me to be the most important among all these important factors.

[Crytohillss]

Some people who don't have that much income prefer to wait for the better entries to maximize there proofits while other who have more money prefer to invest regularly,however sometime waiting for the perfect dip can also cause you to miss good opportunities but it can also be very benefial in bear market and you can make good profit from it.

Bitcoin investment should be tailored according to your own financial ability, anyone can always start buying even with a small discretionary income as low as $10. There is no need to wait if you've discretionary income, people finds a lot of excuses to delay taking action. If you cannot start investing with the little you've for the moment with DCA, there's no guarantee such investor will even invest if they have larger discretionary income since they're full of excuses to delay starting their accumulation journey.

The best approach is always to start and maintain consistency, success starts when you quit giving excuses and start taking action. Buying consistently over a long period of time would naturally produce the best result than waiting for better entries of which you might be having decision fatique and not agree any entry point is best until you finally end up not investing at all.

Sometimes the big obstacle isn't the amount of finance we have but the fear of making the bad decision some person can spend weeks or months waiting for the actual entry yet still end up watching from the sidelines.  Having  real plan  and sticking to it can be more useful than constantly trying to predict the price of Bitcoin.

The good thing about dca is that it help people to remove some of the emotions from investment, instead of constantly begging whether today is the perfect day to purchase Bitcoin  one  can still have to know the risk involved but least your decisions are not genuinely driving by market noise.

[IceLincoln]

There’s no bitcoin investor that doesn’t have expectations of profit from their investment so it’s not necessarily a bad thing unless the person is expecting the profit to come quickly, then it might be a problem.

It is mostly the people who accepted that for them to make profit from bitcoin might take years that usually end up having a meaningful bitcoin investment position, becaus they stopped treating Bitcoin as if it was quick trade and started treating it more like something worth accumulating consistently, regardless of any short term market noise.

I completely agree with u.Investing in bitcoin should be long term.Short term price movements in bitcoin can distract bitcoin investers from its real potential.The most important thing in investing is staying patient and understanding of what ur are investing in and don't chase quick gains.However everyone should invest according to there financial position and should never risk money they can't afford to lose.

Yes you are right I completely agree with you. Every person needs to invest depending on their financial situation. Because when a person cannot manage their financial situation properly, then he will definitely invest the required amount of money and he will not be able to find a source of discretionary income consistently. So it is very important for every person to manage his finances properly.

Yes patience is very important in long term investment. If a person cannot be patient then he will definitely not be able to hold his holding for a long term. Every factor is very important in investment we can never make one factor important but patience seems to me to be the most important among all these important factors.

Patience and discipline are essential attributes necessary for a successful investment. Any good investor needs to have these characteristics accompanied with a good practice that they can be consistent in.
Sustainability is far better than going over aggressive and investing beyond ones means. There’s no need to buy with more than your discretionary income because you’ll only be putting unnecessary pressure on yourself and your investment.

[sotelorene]

waiting for a dip to occur can make a low coiner or no coiner to remain in their current position, instead of them to be consistent in bitcoin accumulation in order to be able to grow their bitcoin holdings gradually through consistent buying of bitcoin. The funny thing is there is no nobody that can predict when a dip will occur, but for someone who has already gotten to over accumulation phase buying only during a dip may not be a bad idea.

Trying to predict the market should never be in the agenda of an investor because they have nothing to do with predicting the market as it can be seen as a waste of time. Actually people that predict the market are traders because they are always there for short term profit or gain which most times result to loss and panicking yet some won't still accept the truth and fact that the best way to go about Bitcoin is to purchase and hold for a long period of time.

[Rhow]

People should understand that buying the dip far more risky especially for beginners who are barely getting started. Firstly buying the dip requires taking an amount considered big to invest and when a beginner should use a big amount to start investing it can get messy for them when things doesn't move positively and it easily get their emotions involved at the earliest stage which is a very bad start a beginner can hope for. This is the reason why DCA strategy is the best strategy to begin with for beginners, it reduces the risk and impact of volatility and allow beginners invest with a lesser amount that won't cause any panic. The idea with DCA is to invest with whatever you can afford consistently because consistency is the key in Bitcoin investment.

There is no condition that you need a large amount to buy during a dip. If you look at buying during a dip and investing in a large amount as the same thing, you will not find the cause of the problem. I agree with you that if a newbie enters the investment with more money than he can afford, he may panic. But you should understand that buying during a dip does not mean that you have to buy in large amounts.

You have to consider some things, when you are buying, how much you are buying and how long you will not need that money. If you buy more when the price drops and stop buying all in the hope of a dip, then the two decisions are not the same. In addition to regular buying, you can also keep a limited additional allocation. But the main plan should always be to buy regularly.

Let's assume that you have a weekly investable amount of $60, taking into account your necessary expenses and safety measures. If you keep $50 for regular buying and $10 for a possible dip.  Here you need to understand that buying at the dip does not mean a large sum. However, if the dip does not come, then there is an opportunity cost of keeping that $10 uninvested, and the additional profit is not guaranteed.

[Humblevirus]

waiting for a dip to occur can make a low coiner or no coiner to remain in their current position, instead of them to be consistent in bitcoin accumulation in order to be able to grow their bitcoin holdings gradually through consistent buying of bitcoin. The funny thing is there is no nobody that can predict when a dip will occur, but for someone who has already gotten to over accumulation phase buying only during a dip may not be a bad idea.

Trying to predict the market should never be in the agenda of an investor because they have nothing to do with predicting the market as it can be seen as a waste of time. Actually people that predict the market are traders because they are always there for short term profit or gain which most times result to loss and panicking yet some won't still accept the truth and fact that the best way to go about Bitcoin is to purchase and hold for a long period of time.

Honestly, investors have nothing to do with predicting Bitcoin's price movements. It is a totally wrong idea, and most investors who try to predict Bitcoin's price movements end up trading and regretting it later because they easily lose their money through trading.Investors have to take their minds off predicting the Bitcoin market and just focus on accumulation, because that is the only way an investor can build a better portfolio. Once they start predicting the Bitcoin market, they will begin to lose focus on Bitcoin accumulation, as their minds will shift towards buying and selling later. This has distracted many people from accumulating Bitcoin.Instead of investors wasting their time trying to time the market, the best approach is to start accumulating Bitcoin using the DCA method, as it provides an opportunity to buy at different prices.

[ejikeme24]

Sometimes the big obstacle isn't the amount of finance we have but the fear of making the bad decision some person can spend weeks or months waiting for the actual entry yet still end up watching from the sidelines.  Having  real plan  and sticking to it can be more useful than constantly trying to predict the price of Bitcoin.

What decision are you talking about? A beginner who truly understand the concept of Bitcoin investment will know what to do when he figured out his discretionary income and that's getting started as soon as possible using the DCA. but the moment a beginner is trying to figure out other strategy to invest with he  might probably get confused and suddenly become scared as they will be confused about the strategy they will chose that is going to give them what they want without any challenges coming in, and that is why we recommend the DCA to all beginners it's more flexible than every other method especially for a starter.

[Female King]

I totally agree with u that DCA is good stratigy for accumulating bitcoin but it does not means that buying the dip is a bad strategy for bitcoin.Everyone has there own investment strategy and it mostly depends on there income and financial system.Some people who don't have that much income prefer to wait for the better entries to maximize there proofits while other who have more money prefer to invest regularly,however sometime waiting for the perfect dip can also cause you to miss good opportunities but it can also be very benefial in bear market and you can make good profit from it.

When you are a low or no coiner, you have no business waiting for the dip because you are already lagging behind in your Bitcoin accumulation, so the logical thing to be doing is to be accumulating consistently without paying attention to the price, because at that point, your main concern should be on how to build your stash of Bitcoin, not by trying to outsmart the market by waiting for a dip that may never come.

 Buying the dip is never a problem if you are not waiting for it, so if you are not in your over accumulation status, you have no business waiting for the dip because it will only slow down your accumulation and deprive you from reaching your investment potential target faster.

As a low coiner their main focus should be how they can consistently and persistently be buying bitcoin because that is what should matter most for them, any investor target should be stacking up bitcoin regularly by using the dca strategy and hodl for long until they arrived at their bitcoin over accumulation.

Waiting for the dip is a blind way of investing bitcoin because you are waiting for what that may not come, the more they stay on waiting the more they miss opportunity of building a good bitcoin portfolio.

Waiting for the dip is like staying back ward while your mate are heading forward by consistently using the dca strategy to stack more bitcoin.

[laijsica]

Just get a fucking plan and stick to it long term, but if you decide to play with your portfolio and do short-term trades to increase your earnings, then that's on you too, because, like what is said yeah almost all the time, that's the same thing as gambling, and you can never get it right with gambling, so you can just kiss your portfolio bye-bye. I don't particularly agree when people say interest shouldn't be what drives anyone to invest although I get the point but basically anyone and everyone who's in for Bitcoin investments aim at getting interest even if it's at long term interval.

Why most of us don't like it when profit is mostly emphasized on, is because, you see some people who are in their early stage of Bitcoin accumulation discussing profit as if profit in Bitcoin is something you get immediately you start investing, yea nothing is guaranteed wether on a short term or long-term, but with the record of Bitcoin which we know, the reward for long-term hodlers has been there, which is why one should not talk about profit first rather concentrate and making efforts to build a bulky portfolio and hodl for a long term, cause without it there's nothing much to expect even though the reward finally comes in the future.

The expectation of making profit is very strong among new investors because they are newbies in investment platform. Those who can control themselves from this short term and risky trend and accumulate Bitcoin regularly and build a large portfolio are the ones who succeed. I have seen most investors who were initially inclined to make a profit but after learning about Bitcoin and understanding its intrinsic value, they started investing for the long term and they are still accumulating Bitcoin in this process.

My advice is always to invest in Bitcoin for the long term because I do not expect them to repeat the same mistakes, that I made in the beginning. Build up your Bitcoin holdings without expecting profit at the beginning of investment, only then will you be able to succeed in investing in the future

I agree with you, focussing on profit will definitely bring anyone down mostly the bigerners it will mislead your attention towards your achievements in future, that's actually correct it's good for newbies to learn and keep on buying gradually to make sure you grow up your portfolio to an extent because those who discuss about profit are not even the newbies but those who has been making effort over the years so if they are focusing on profit newbies should be exempted because they still have a long way to go.

There’s no bitcoin investor that doesn’t have expectations of profit from their investment so it’s not necessarily a bad thing unless the person is expecting the profit to come quickly, then it might be a problem.

It is mostly the people who accepted that for them to make profit from bitcoin might take years that usually end up having a meaningful bitcoin investment position, becaus they stopped treating Bitcoin as if it was quick trade and started treating it more like something worth accumulating consistently, regardless of any short term market noise.

You are right that only those who accept Bitcoin as a long term investment vehicle can build a meaningful portfolio. You should not deposit Bitcoin regularly for a few years but for a period of 4-10 years or more. You should not deposit Bitcoin for the purpose of getting quick profits but should regular each every week deposit as a store of value.

We expect to get profits from Bitcoin and this is the reality, but to reach that profit period, we need to do regular DCA. The purpose of getting quick profits carries the same level of risk as gambling. Accumulation Bitcoin through discretionary income without necessarily taking financial risks.

[Sticky Bomb]

if an investor has gotten to their Bitcoin over accumulation phase they can they actually wait for the Dip to accumulate more Bitcoin if they want but for someone who is just starting consistent accumulation using the DCA strategy is what they need and not to wait for their desire Dip.

Investors in over accumulation stage doesn't necessarily need to keep accumulating Bitcoin, rather they should keep holding out for as long as they can go. The only exception is if the investor wants more cushion as regarding the amount they'll keep drawing out of their holdings in the future to sustain them, then they can bag more coins to get to a certain portfolio size of which they're at liberty to choose continuing with regular DCA or just waiting to buy up when it's favorable.

Those still early in their accumulation journey should be more serious with their DCA buys. Waiting on the market makes no sense, it doesn't produce the best results and the investor might end up with smaller portfolio size if he keeps timing the market rather than buying consistently and even aggressively.

[red4slash]

Yes, I completely agree with you, but you forgot to mention one thing, that is an emergency fund to protect your investment. It is not enough to invest, but an emergency fund is very necessary to protect your investment. During investment, we face many types of financial crises such as medical expenses, job loss, weekly or monthly extra expenses, etc. It is mandatory to have an emergency fund so that our holdings do not get stressed during all these unexpected financial crises.

I think you are mistaken with the placement of emergency funds for investment because in financial conditions emergency funds are actually not very suitable to be used as investment funds but the function of this emergency fund is more suitable to anticipate needs that may be unexpected such as when you need funds for any repairs (such as houses, cars or others) so making emergency funds as a focus for investment is clearly a mistake even though it may return to yourself.

Investment funds and emergency funds must be separate for whatever reason so that when you have discretionary funds from monthly income, as much as possible we divide it into several things including for investments and emergency funds (although emergency funds are flexible especially when we have saved emergency funds for several months before).

[Zackz5000]

if an investor has gotten to their Bitcoin over accumulation phase they can they actually wait for the Dip to accumulate more Bitcoin if they want but for someone who is just starting consistent accumulation using the DCA strategy is what they need and not to wait for their desire Dip.

Investors in over accumulation stage doesn't necessarily need to keep accumulating Bitcoin, rather they should keep holding out for as long as they can go. The only exception is if the investor wants more cushion as regarding the amount they'll keep drawing out of their holdings in the future to sustain them, then they can bag more coins to get to a certain portfolio size of which they're at liberty to choose continuing with regular DCA or just waiting to buy up when it's favorable.

Those still early in their accumulation journey should be more serious with their DCA buys. Waiting on the market makes no sense, it doesn't produce the best results and the investor might end up with smaller portfolio size if he keeps timing the market rather than buying consistently and even aggressively.

I believe both of us are still on the same track, an investor who has reached their over accumulation phase can decide to accumulate Bitcoin when there is Dip if they want and still be holding or still decide to sell some portion of their Bitcoin holding if necessary, so you saying that an investor that has gotten to their over accumulation phase doesn't necessarily need to accumulate Bitcoin could be right but it's a choice any one who accumulate more can still accumulate despite them reaching their target.

[Futurexxx]

(although emergency funds are flexible especially when we have saved emergency funds for several months before).

This statement of yours is misleading and should not be taken serious because emergency funds is not flexible as you are proclaiming, but rather it is strictly for only emergency situation that threatens your Bitcoin holdings.

What you can call flexible is a reserve funds that can be used for anything that can bring to the growth of your Bitcoin investment, but you see emergency funds, it is not flexible, it is only meant for real life emergencies that may have compel you to temper with your Bitcoin investment.