Road to 100k?

[Frankolala]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

Your friend does not need to regret that he didn't buy at the dip because no one will know when the dip will come and that is why when investing in bitcoin it is good to plan for the UPity and DOWNity of bitcoin price so that you will not regret any price that the market offers your to buy with.

Since he is still on his ongoing DCA accumulating strategy that should help him also benefit from the dip and he should not kill himself for not having a reserve funds to buy more Bitcoin during the dip because there will be more dip coming in future and he needs to start preparing for such dip now he wants to buy more Bitcoin at the dip.

New investors don't need to worry if they have extra funds to buy during the dip or not because what matters the most is for them to keep on stacking their bitcoin portfolio with regular DCA buying and building their portfolio gradually overtime so that they don't end up holding too much fiat in the sake of preparing for the dip because if the dip did not come, their fiat value will depreciate. Instead new investors should only use DCA so that they can buy with the actual amount of money instead of reserving some for the dip that is not guaranteed.

[JayJuanGee]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

[As-Soon-As]

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector. So such a dumping in Bitcoin market is not really a matter of disappointment and it recovers again. But if you think from other angles, you will realize that such a situation is possible only with Bitcoin.  

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run, from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

[Samlucky O]

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector.

Sure, bitcoin correction is normal for investors to increase their portfolio it gives room to accumulate more expecially
Now bitcoin is below $100k. Another thing I will like you to know is that investors have the opportunity to invest in bitcoin all the time regardless of the correction. Correction is just another opportunity to buy the dip and not what will deprive of from not investing on a regular DCA. Because talking about only price correction makes it look though as if it's the only opportunity we have to invest in Bitcoin. Bitcoin has always been a volatile assets and most people has made alot of money from it even when there were no price correction. They just invested on bitcoin knowing the future and potential of it. As I was going through an article I saw list of people who became bitcoin millionaire simply by investing on it and when bitcoin became bullish. Though they are 12 of them but I chose the statement of no.(4) and (5)by Jeremy Gardner and Heather Delaney. they made some increadible coment which are as follows

(4)Jeremy Gardner
We’ve been told that it’s going to die so many times. And yet here it is, stronger than ever. I think there’s a certain sense of vindication if you were investing in this technology and people were calling you stupid for a long time,” Gardner said.

(5)Heather Delaney
“I know loads of people who have done exciting things with their investments, but for me, it's part of my pension plan.”
by Heather Delaney,

Here is the link below
https://www.cointree.com/learn/bitcoin-success-stories/

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run,

I doesn't really matter if its the last dumps or not, what really matters how far you have gone in your accumulation process.

from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

Bitcoin has been seeing improvements for so long due to it volatility, and not after dump this last time according to you, that it will start increasing.

[SuperBitMan]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Yeah you are right, when one uses such income to invest it will enable one hold for a very long time without wanting to dip hands into his or her Bitcoin.
When you use income that you need in the next year then your Bitcoin investment is not secured.
This you have mentioned is part of bitcoin security measures every investors should take very seriously in other to succeed in his or her Bitcoin accumulation.

[Promocodeudo]

Waiting is part of the business so anyone who cannot wait will not be able to survive in Bitcoin investment. So, it is good to get the mind properly set on the right track with the understanding of the fact that investment in Bitcoin is a waiting game.  Whichever method anyone choses, be it DCA or buying the dip, there is some element of waiting and even when the Bitcoin have been bought, waiting is needed because holding is still part of waiting.

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

Every dip should be a buying opportunity and we shouldn't panic, great investors don't panic when they market is falling because they buy and if we are busy buying. We won't have the time to come online to complain that they price of Bitcoin is falling. You're right by saying waiting is a part of business and investing in Bitcoin can be considered your business because of the profits it can give us but we shouldn't only be depending in Bitcoin as we can have other investments outside of cryptocurrency to help us in bear seasons.

Not at all, investing withing exercising patience will amount to trial in futility, there is know need of investing when you can't persevere, an investor must understand that Bitcoin was never built to work to serve short-term purposes, any investors having such mindset should desist from such because such expect or mindset may not come to reality, at any point in time investor are not expected to give up hence the understand that once the dip, opportunity are open to every investor to invest, sometimes am surprise when people invest in Bitcoin and expect a fast return, is as if they never heard about this investment being a long-term asset.

I now understand the reason why people always put all their problems in Bitcoin forgetting that Bitcoin is an investment thats meant to generate profit in the future, I think as an investor, Bitcoin shouldnt be over burdened with too much expectations coming from it rather investors should have other means of survival to allow them to continue accumulating and waiting patiently till the apointed time.

[I_Anime]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Yeah you are right, when one uses such income to invest it will enable one hold for a very long time without wanting to dip hands into his or her Bitcoin.
When you use income that you need in the next year then your Bitcoin investment is not secured.
This you have mentioned is part of bitcoin security measures every investors should take very seriously in other to succeed in his or her Bitcoin accumulation.

Yeah and That`s why is not encouraging to accumulate your emergency funds, to prevent youself  from making such mistake like selling your bitcoin stashes too early inorder to cover the expenses your emergency funds is meant for . So tha your bitcoin investment that`s meant for longterm holding wont endup being your  emergency funds. Is good to be aggressive in your accumulation but always try not to over do it .

Because is always nice to see your bitcoin stahes growing, but what is nice the most is hitting your goal  no matter how long it may take just keep accumulating and doing the right thing to secure a smooth investment .

[NicNacCoin]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

We can see that the market has been steadily declining for the past few days and has gradually moved below $50,000 and then the market has started to rise and now the market is back above around $61,000. So we definitely believe that by 2024, the market will cross $70,000 again, and in 2025, Bitcoin is most likely to reach $100,000. But I don't think the market will go down any more, I think the market will slowly go up from here and make all time highs. So those who are thinking a lot about the market and are tensing up about the investment, you should keep your investment, hopefully the market will continue to grow.

[Roseline492]

~Snip

What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.

You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.

He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.

When it comes to bitcoin investment there are things which are very important to have or do if one wants to be successful which are.
1. Patience

2. Consistency

3. Backup funds
This 3 things most be in place if you want to succeed in your Bitcoin investment.
Now for backup funds, if you don't have any backups you can start accumulating it along side with your Bitcoin, then when you accumulate ur backup funds to a point you feel is okay then you can live it and then focus on your Bitcoin accumulation.
Without having a backup funds you will surely dip hands into your Bitcoin as time goes on, some people feel they are been paid very well and they can settle everything they need with there salary, that may be true but the reason why it is advised to have a good backup funds which comprises of emergency, reserve and float funds, is because of unexpected occurrence or emergency issue, such as being sack from work, having accident, sickness, etc. Backup funds are security for your Bitcoin.

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

[SuperBitMan]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

We can see that the market has been steadily declining for the past few days and has gradually moved below $50,000 and then the market has started to rise and now the market is back above around $61,000. So we definitely believe that by 2024, the market will cross $70,000 again, and in 2025, Bitcoin is most likely to reach $100,000. But I don't think the market will go down any more, I think the market will slowly go up from here and make all time highs. So those who are thinking a lot about the market and are tensing up about the investment, you should keep your investment, hopefully the market will continue to grow.

The price of Bitcoin is going up again after a little dip that just happened some days ago that caused some newbies into Bitcoin investment to panic, when ever there's a dip it should be a time to accumulate more and not a time to panic.
I love Bitcoin investment so much when there was a dip I was not worried at all I used that opportunity to accumulate more, Bitcoin investment gives you freedom and peace, you don't have to fear losing your money or trouble yourself thinking about the dip or how the market is going especially if you are into Long time Bitcoin investment.
I think this development will tell newbies a lot about Bitcoin and how it works, they have seen a dip and how it went up so this is an experience to them and they will learn from it and stop panicking whenever there's a dip in Bitcoin.

[JayJuanGee]

[edited out]

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.   

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

[Jewan420]

[edited out]

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.   

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

I agree with you. No person should be unprovokedly aggressive in investment or show an aggressive attitude. Because not every moment of your life will be the same. Ups and downs are a part of life. Since you are holding your money for 5-10 years in a place from which you cannot withdraw. How will you handle the downturn in your life if you don't have a back up fund? Today you may be investing your entire discretionary income as your life is going decently, being aggressive in investing, not keeping back up funds. Shouldn't you think about the difficult moments of life later? Let us manage our investments systematically, and build back up funds without being aggressive all the time.

[Dzwaafu11]

I don't disagree with what you are saying, however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

yes. very important before investing setting a budge base on the amount you earn as an investor is very good that will be a guide and it will also make someone no to touch the wallet where he put the invested bitcoin to till it reaches the target that such investor set. because if someone invest beyond the money, he supposed to then there is possibility that he will definitely touch or spend the money he already invested,

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Sure, there is no amount of money we can afford to lose, but the reason why people say they should invest the amount we can afford to lose is because of the risk that comes with bitcoin investment. There is the possibility of losing money, so we would rather use a small portion of the money we have in bitcoin investment because of the longevity.

[JayJuanGee]

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

Sure, there is no amount of money we can afford to lose, but the reason why people say they should invest the amount we can afford to lose is because of the risk that comes with bitcoin investment. There is the possibility of losing money, so we would rather use a small portion of the money we have in bitcoin investment because of the longevity.

You seem to be describing the concept of investing an amount that we can afford to lose in a strange way, since when you invest into bitcoin, then you likely have a 4-10 year or longer timeline for when you are considering that you are going to want to start to get at the money, yet in the meantime, the are always possibilities that bitcoin could go to zero during that time.  Accordingly, you have to be willing to figure out an amount of money that you accept that it could go to zero.

That is the same with other investments that you make, there are possibilities that each of your various investments (if you have investments other than bitcoin and dollars) could go to zero, and the scenarios in which they could go to zero are different depending upon what kind of investment asset that you have.

We calculate and we expect profits in our various investments, and surely some investments do better than others, and if we think about bitcoin as an asymmetric bet in which the most that we could lose is 100%, then we should account for that along with the various upside scenarios and also the various sideways scenarios... and surely we could calculate the various scenarios and figure out how much we are willing to put into bitcoin even while knowing that there are scenarios that involve bitcoin possibly going down or even going to zero.  We can choose our BTC position size and how we get into bitcoin based on such assessments.  Frequently people suggest that bitcoin is amongst the best, if not the best of investments available, so in some sense, we can understand and appreciate that there could be scenarios that guys choose to invest into bitcoin in quite modest ways, yet their modest investment amount end up paying off quite stupendously based on how much bitcoin ended up appreciating in value.. and so historically, we already have a lot of examples of such great price appreciation circumstances that left those quite well off who invested into bitcoin, even those who invested relatively modestly into bitcoin. 

So yeah, past results do not guarantee future results, and also we know that there have been folks who invested into bitcoin and who lost all of their money, and frequently those had been the traders and/or those using leverage, or alternatively leaving bitcoin on exchanges or otherwise not securing private keys.  In other words, we have examples of folks losing money on bitcoin when those who just invested straight into bitcoin and did not trade and did not leverage and who errored on the side of BTC accumulation and HODL, were able to profit stupendously, sometimes more than 100x their investment amount... but it still could well end up taking time to play out depending upon when they got into bitcoin and including that sometimes it could also take years and years to establish a bitcoin position with various purchases spread out over various times in which the BTC was bought.

My point still is that even if bitcoin has a lot of upside scenarios, each of us still have to figure out a bitcoin position size in which we are comfortable with how much value we put into bitcoin, whether we buy in lump sum, or DCA over the years, or buying on dips or some combination of those strategies.  We should not be taking for granted or expecting that our investment is guaranteed to go up even though the reason that we invest in bitcoin is out of an expectation that its chances of going up are greater than its chances of going down and also that we likely reasonably expect that some of the various upside scenarios are so great that it can still end up paying off quite stupendously to have relatively modest amounts of value in bitcoin, even though never guaranteed that the great upside scenarios will end up playing out.  It never has been guaranteed that bitcoin prices would go up in price and/or in value, even though historically there have been quite a few rich folks who have come about from being involved in bitcoin and mostly stacking their bitcoin and/or holding it, and it is also quite likely that bitcoin is ongoingly facilitating the largest peaceful wealth transfer that has ever happened from the no coiners to the coiners.

[Fuso.hp]

The price of Bitcoin is constantly increasing and sometimes dumping is normal, if such dumping is to create opportunities for investors to invest, all investors can use these dumpings to make their money in the investment sector. So such a dumping in Bitcoin market is not really a matter of disappointment and it recovers again. But if you think from other angles, you will realize that such a situation is possible only with Bitcoin.  

So the price of Bitcoin will definitely hit 100 is very likely to happen later this year, this may be the last dumping of the bull run, from now on only the Bitcoin market will see improvement. And you start doing DCA method in this method money and bitcoin can be added very easily.

We may see temporary dumping and pumping in the market but we should invest considering the overall market without getting excited about this temporary dumping and not getting too excited about temporary pumping. For those of us who plan long-term investments, investment decisions may be very easy because at any point in the process an investor can invest. Many of us get upset when the market temporarily dumps after we invest, but we can think of this temporary dumping of the market as an alternative. 

Like I already have some amount of investment and after having that investment the market dump a lot then we should invest more money at that time because from that level of price when bitcoin will pump again but we will be in enough profit. 

There is no reason to think that investing will always make a profit because investing will not always guarantee an investor a profit. Many people invest in fixed time plans and there are some investors who invest based on the market value. As my plan is when bitcoin price hits 100k dollars I will sell my investments and in second phase reinvest in long term plan. I am getting many indications that the market will touch 100k dollars and I have enough confidence in the market that I will hold my bitcoin until the price of bitcoin touches 100k dollars and when I have money I will increase my investment.

If I can invest in this way and if the investment is consistent as per the plan then surely I will reach my goal.

[Odusko]

I don't disagree with what you are saying; however, it does seem that you skipped the most important consideration, which is investing within the boundaries of your discretionary income..., which also should mean that the discretionary income that you use is income that you don't need for 4-10 years or longer.. which means that it is also money that you are willing to completely lose in the event that bitcoin were to go down rather than UP.

Under normal circumstances, investing the amount of money that you can put away for such a long duration of time like 4-10 years as you mentioned, but the crisis most time arise from situations where the investor put down money that they need for immidate expenses into investing in bitcoin and at that they will be under pressure when bitcoin noise dive backwards, this are the set of bitcoin investors that are always at pressure to see bitcoin rise immediately after they investment, but bitcoin doesn't work that way and even though sometimes bitcoin can give an immediate profits on investment, that is not a guarantee for anyone to invest the amount of money that they can not risk to lose or look away from for a long time to see the investment appreciate in it value with time.

Sure no one invests in bitcoin or in any other kind of an investment with an intention of losing money, yet part of the way of assuring an ability to stick with an investment through the ups and the downs is to use extra money that you don't need for expenses.

For bitcoin unlike other investment where it loses can result into 100% lost of investment, bitcoin only take time, that is even though you at lose at the moment, if you continue holding to your bitcoin accumulated holdings, with time , the value will increase, recover and you be in profits again, so in bitcoin time is very important and what differentiates the loser from gainers in bitcoin investment is the amount of time they both are willing to wait to see they expected profits comes, but the weak hands won't accept the principle of waiting for bitcoin to recover the rush to sell when the market goes against them, that is why they lose they invested capital.

[Barikui1]

[edited out]

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.   

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

I agree with you. No person should be unprovokedly aggressive in investment or show an aggressive attitude. Because not every moment of your life will be the same. Ups and downs are a part of life. Since you are holding your money for 5-10 years in a place from which you cannot withdraw. How will you handle the downturn in your life if you don't have a back up fund? Today you may be investing your entire discretionary income as your life is going decently, being aggressive in investing, not keeping back up funds. Shouldn't you think about the difficult moments of life later? Let us manage our investments systematically, and build back up funds without being aggressive all the time.

That's just it, anyone that really want to his investment to survive the rainy days must have an emergency fund, because in this world we found ourselves, their are so many uncertainty and so many things might just occurs that might warrant you to address a very pressing financial needs, such as health issues, so if you don't have the emergency funds to fund it, you might be forced to temper with your Bitcoin holdings, which is really not a good thing for your investment plan.

Then talking about those sets of investor that invest more, by investing money they can't do away without, to me, it's just a matter of time, once that financial leverage they have at that time is over, they will be forced to temper with their investment, because that pattern they are using, by investing an amount they can't do away without, will definitely not be sustainable on the longer run.

[SuperBitMan]

[edited out]

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.  

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

I agree with you. No person should be unprovokedly aggressive in investment or show an aggressive attitude. Because not every moment of your life will be the same. Ups and downs are a part of life. Since you are holding your money for 5-10 years in a place from which you cannot withdraw. How will you handle the downturn in your life if you don't have a back up fund? Today you may be investing your entire discretionary income as your life is going decently, being aggressive in investing, not keeping back up funds. Shouldn't you think about the difficult moments of life later? Let us manage our investments systematically, and build back up funds without being aggressive all the time.

That's just it, anyone that really want to his investment to survive the rainy days must have an emergency fund, because in this world we found ourselves, their are so many uncertainty and so many things might just occurs that might warrant you to address a very pressing financial needs, such as health issues, so if you don't have the emergency funds to fund it, you might be forced to temper with your Bitcoin holdings, which is really not a good thing for your investment plan.

Then talking about those sets of investor that invest more, by investing money they can't do away without, to me, it's just a matter of time, once that financial leverage they have at that time is over, they will be forced to temper with their investment, because that pattern they are using, by investing an amount they can't do away without, will definitely not be sustainable on the longer run.

All what you people are saying is concerning security, securing one's Bitcoin investment which is very important, building your investment is important as securing it also, and in securing one's Bitcoin investment one needs a backup funds and also a good management skill this two things will help secure your Bitcoin investment.

A lot of people has failed in there Bitcoin investment journey because dey can't manage there salary very well, they don't know what to buy at the right time, how to utilize their money very well is a big issue for them and that has always lead to them dipping hands into there Bitcoin investment even before they receive another salary because of there lack of management.
And I think even with a good backup funds if that person still lacks management skill those backup funds will not worth anything useful, he or she will still misuse those backup funds and still dip hands into his Bitcoin investment, so I think knowing how to manage money is very important in other to secure your Bitcoin investment very well.

[SmartCharpa]

who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

At this point, new investors are likely to complain about market because they are new to Bitcoin investment, they are unfamiliar with how the price of Bitcoin changes most of the time, and some newbies believe that Bitcoin investment will continue to rise when the price was around $70k. I would advise any new investors not to worry about the market, if they want to accumulate more, they should, and the Bitcoin price will rise at the right time.

Sure, there is no amount of money we can afford to lose, but the reason why people say they should invest the amount we can afford to lose is because of the risk that comes with bitcoin investment. There is the possibility of losing money, so we would rather use a small portion of the money we have in bitcoin investment because of the longevity.

You're right, no one wants to lose money on an investment. However, there is a saying that we should invest what we can afford to lose, which means that even if we lose money, it will not affect our budget for other things, there is risk in Bitcoin investment, but people say we should only invest the money we can afford to lose because some people like to take huge risks in their lives, such as selling properties they will need shortly to invest or using their life-saving money, so if something goes wrong and they lose the money they invest, I don't think they will have another place to recover the money they lost. That is why they always suggested investing what you can afford to lose or investing for your children's future, otherwise, no one would be satisfied if they lost a dime in trading.

[DaNNy001]

[edited out]

Well spoken because as an investor having the boundaries concerning there discretionary income is very important since is mostly the money they can put in for 5 to 10 years so is very important for someone to focus on that instead of putting more than they can afford, though is very unfortunate that most people do not understand what the discretionary income is all about because most people have so much expectations from there discretionary income with the believe that it will yield them a huge profit within a short term, though I'm not saying that people should not expect profits but like you said it should be something that the investor should perceive on two dimensions either it turn out profiting them at the end or not because that alone will certainly build the persons mindset to accept any outcome without being too much emotional.

Investors can be very aggressive within their disposable/discretionary income, even using 100% of it to invest into bitcoin, yet some of the problems would come from potentially calculating their disposable income incorrectly including keeping in mind that they are not going to access that money for 4-10 years or longer and maybe even they might never get access to that money if their bitcoin  investment might go to zero.   

So frequently no one is going to be so crazy as to invest 100% of their disposable/discretionary income, and if they do they better have decent back up funds (or other ways to earn or get money) in case they make some mistakes in their calculations of their disposable/discretionary income.

I agree with you. No person should be unprovokedly aggressive in investment or show an aggressive attitude. Because not every moment of your life will be the same. Ups and downs are a part of life. Since you are holding your money for 5-10 years in a place from which you cannot withdraw. How will you handle the downturn in your life if you don't have a back up fund? Today you may be investing your entire discretionary income as your life is going decently, being aggressive in investing, not keeping back up funds. Shouldn't you think about the difficult moments of life later? Let us manage our investments systematically, and build back up funds without being aggressive all the time.

That's just it, anyone that really want to his investment to survive the rainy days must have an emergency fund, because in this world we found ourselves, their are so many uncertainty and so many things might just occurs that might warrant you to address a very pressing financial needs, such as health issues, so if you don't have the emergency funds to fund it, you might be forced to temper with your Bitcoin holdings, which is really not a good thing for your investment plan.

Then talking about those sets of investor that invest more, by investing money they can't do away without, to me, it's just a matter of time, once that financial leverage they have at that time is over, they will be forced to temper with their investment, because that pattern they are using, by investing an amount they can't do away without, will definitely not be sustainable on the longer run.

Some persons just like gambling with their investment and the reason why I say this is because it's naturally unwise to do anything with money you have kept for your basic needs and I believe that's the mindset of a gambler because if you are actually investing for a long-term purpose then you would know that one day temptation or the use of that of money you gambled with on buying Bitcoin will still come and hit back at you and you will be forced to temper with your coins.