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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 162341 times)
Derekfunds
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Today at 08:23:49 AM
 #18421

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.

The problem is that people tends to underestimate the power of small growth or tiny growth, this growth may look ineffective or not reasonable but trust me if someone keep on doing that particular thing for a long period of time the result will be massive and it will look like overnight success. Using a huge amount money outside our discretionary is very wrong and sometimes people like to seek for validation but it is pointless because it's what you can not afford, you don't have the capacity.

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liasbaa
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Today at 09:14:45 AM
 #18422

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.

The problem is that people tends to underestimate the power of small growth or tiny growth, this growth may look ineffective or not reasonable but trust me if someone keep on doing that particular thing for a long period of time the result will be massive and it will look like overnight success. Using a huge amount money outside our discretionary is very wrong and sometimes people like to seek for validation but it is pointless because it's what you can not afford, you don't have the capacity.
You are right, some may consider discretionary income insignificant because of the small amount, but many do not believe or are confident that a large holding can be built up as you gradually accumulate Bitcoin. You have to be patient, small power will gradually transform into big power and you will consider this disciplined investment period you have built as your time of success in the future.
Most of our mistakes come from the mentality of following others but we should build investments according to our own financial capabilities. Determine the amount of money in Bitcoin investment through discretionary income not by following others or to show anyone.

abaeze
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Today at 09:25:54 AM
 #18423

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.

The problem is that people tends to underestimate the power of small growth or tiny growth, this growth may look ineffective or not reasonable but trust me if someone keep on doing that particular thing for a long period of time the result will be massive and it will look like overnight success. Using a huge amount money outside our discretionary is very wrong and sometimes people like to seek for validation but it is pointless because it's what you can not afford, you don't have the capacity.
People often underestimate the power of small but consistent investments. If someone had deposited just $5 a month in Bitcoin from their pocket money since 2017, their total investment in nine years would have been about $540, while if someone deposited $5 a week, it would have been about $2160, which the person would never have been able to invest all at once. So this example shows that it is not always necessary to have a large amount to start, but consistency and patience are important.

However, the actual value of Bitcoin will depend on the market price. It is not necessary to invest a large sum of money from the beginning to deposit in Bitcoin. The important thing is to develop a sustainable habit and maintain it over the long term. However, one should never compromise financial stability in order to maintain consistency. It is better to deposit Bitcoin gradually from your own extra money than to invest beyond your means and put yourself in unnecessary financial stress. Long-term success does not depend on how much money you invest today, but on how consistently you can maintain your strategy.

samadam007
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Today at 01:04:07 PM
 #18424

People often underestimate the power of small but consistent investments. If someone had deposited just $5 a month in Bitcoin from their pocket money since 2017, their total investment in nine years would have been about $540, while if someone deposited $5 a week, it would have been about $2160, which the person would never have been able to invest all at once. So this example shows that it is not always necessary to have a large amount to start, but consistency and patience are important.

However, the actual value of Bitcoin will depend on the market price. It is not necessary to invest a large sum of money from the beginning to deposit in Bitcoin. The important thing is to develop a sustainable habit and maintain it over the long term. However, one should never compromise financial stability in order to maintain consistency. It is better to deposit Bitcoin gradually from your own extra money than to invest beyond your means and put yourself in unnecessary financial stress. Long-term success does not depend on how much money you invest today, but on how consistently you can maintain your strategy.

This your example is unreasonable and not encouraging at all, because you're assuming that a person will continue buying $5 btc per week or month for 9 years without increasing the amount at any point. What if the person financial situation improves along the way and he can afford to increase his regular purchases? Obviously your example didn’t consider the possibility of that.

There are folks that start with small amount and become more aggressive as their income improves. Some even buy more bitcoin occasionally during dips while maintaining their regular buying plan. These things can affect how mucj bitcoin one accumulate over the years. That is why I said your example is unreasonable to explain how long term accumulation works for small investors. If you’re making example, it should be realistic and consider how one financial situations can change over time. Because you started with a small amount does not mean you must continue using that same small amount throughout your holding period.

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