Road to 100k?

[Tungbulu]

You still sound like a trader rather than an investor

It all makes more sense looking at things from your perspective, and I honestly can't believe I never actually pictured things from this point of view. I strongly apologize for my previous trader minded perspective as I retract my previous stance.
Indeed, as a long-term investor, the focus may no longer be on taking profits from the investment but rather shifts to the sustainability/growth as well as preservation of the investment. It shifts from constantly buying and selling to more of maintaining a store of value that can be considered to be stable.
When an investor has attained such status, selling bitcoin becomes more about rebalancing his portfolio, risk management and making sure that his net worth is always intact rather than just focusing on making profits, which is infact a more conservative and patient approach because the focus is no longer on taking short-term profits but rather prioritizing long-term stability.
Makes a lot more sense, thank you for pointing out and correcting my trader bias, Your ideas and contributions have made quite some significant impact in this community and it can never be overemphasized how helpful you have been. Your ideas and ways of thinking that you have shared have been inspiring to many of us here and I want to thank you for your interest here because it has helped to enhance the discussions and the sharing of learning that has occurred within this setting.

[JayJuanGee]

You still sound like a trader rather than an investor

It all makes more sense looking at things from your perspective, and I honestly can't believe I never actually pictured things from this point of view. I strongly apologize for my previous trader minded perspective as I retract my previous stance.
Indeed, as a long-term investor, the focus may no longer be on taking profits from the investment but rather shifts to the sustainability/growth as well as preservation of the investment. It shifts from constantly buying and selling to more of maintaining a store of value that can be considered to be stable.
When an investor has attained such status, selling bitcoin becomes more about rebalancing his portfolio, risk management and making sure that his net worth is always intact rather than just focusing on making profits, which is infact a more conservative and patient approach because the focus is no longer on taking short-term profits but rather prioritizing long-term stability.

That is a reasonable way of  restating the situation, and no one can really tell you how exactly to make your determinations regarding how much to sell, when and under which of the frameworks, yet the more that you practice and consider the matters (hopefully without getting overly obsessed over such matters), you should be able to identify and put into practices that are comfortable for you and that go towards providing some kinds of balancing of the stability and growth and potentially cashing some out from time to time (once you have determined that you have more than enough for one or more of your cashing out systems).. so frequently, I consider any amount that I cash out to be adding some insurance in the event the BTC price goes crashing back down, so really my preference is that the BTC price does not come back down, but there is some shaving off of BTC as the BTC price goes up so that if it ends up coming back down below certain price points then some of that money is used to buy back, and really I am not even making hardly any money on those kinds of balancing trades since the value of my BTC portfolio goes up way more if the BTC price goes up rather than when it comes down, so there is a presumption that in the long term the odds for the BTC price going up is better than it going down, so the size of any sells are apportioned according to such presumptions, so for example, when I first came to the conclusion that I had overly accumulated BTC in 2015, my sales of BTC were right around (if not slightly more than) 10% for every 100% the BTC price went up (which also could be characterized as 1% for every 10% the BTC price went up), and little by little those percentages got eroded downwardly, so these days I probably have less than 5% for every 100% that BTC prices go up (which is less than 0.5% for every 10%), but still more importantly than any of the selling part is first clearly and unambiguously reaching a status of overaccumulation.. and you should be able to calculate those matters out in light of all of your personal financial and psychological circumstances to come to a right balance regarding if you have some of your sales (and how much?) to be price based and which ones to be time based, and personally I believe that the time based sales establish that you are even further along your overaccumulation journey (and ability to liquidate) as compared to the price-based sales which you likely can start to employ at earlier stages of your having had determined yourself to reach a clear and unambiguous overaccumulation status (of course from your own perspective rather than some standard that someone else might try to impose upon you).

Makes a lot more sense, thank you for pointing out and correcting my trader bias, Your ideas and contributions have made quite some significant impact in this community and it can never be overemphasized how helpful you have been. Your ideas and ways of thinking that you have shared have been inspiring to many of us here and I want to thank you for your interest here because it has helped to enhance the discussions and the sharing of learning that has occurred within this setting.

I learn from my participation too.. so what largely should happen with any of us would be that we are either starting out to employ some kind of system that we figure might work for us, and if we are learning along the way and sharing information about our system, then we should be able to tailor our systems as we go, and there tends to be a lot of learning that can take place when we are both putting our systems into place and also sharing information regarding what kinds of things that we are doing.  

Sure sometimes some of us might start to consider that some of our interactions might be wastes of our time, since there can be a certain degree of repetition that is contained within some of our interactions, even if there also might be some new applications from time to time too, even with each of the new posts, there might be some changes in the way that we might spin the matter or think about the matter that we are discussing, so sometimes I consider that I cannot type fast enough and maybe I should employ some speech to text systems so that I can say what I want to say a bit more quickly... so yeah, sometimes even the typing might feel like it is too slow in order to communicate some of the variations of repeated ideas. yet some of my own clarifications even for myself might come through typing some of the ideas out that comes out differently from trying to say the same things.. Accordingly, there can be dilemmas, even with these sharing matters, especially if you might get yourself to 1,000s or posts or 10s of thousands of posts, which is my current status.. and many of my posts are probably a wee bit long.. so yeah, there can sometimes be some concerns about my own balancing in regards to which things I should be doing first.

[Glen Hoddle]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

[Barikui1]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Just like you said, planning is needed to increase the stability and also the size of your investment, and as a low income or an average income earner, the best way to navigate your way around it is to invest through the DCA accumulating strategy, because as long as you have a source of income, accumulating Bitcoin through the DCA method will not only gives you stability, but also gives you continuity, as long as you invest what you can afford to do away without.

Secondly, you spoke of patience, it's true that patience is actually needed when it comes to Bitcoin investment, but take note that patience alone is not enough for you to be able to hold strong without tempering with your Bitcoin investment even in the face of financial troubles, that is why  having a source of income or even more, and having an emergency fund is also needed, and vital for you to be able to wether the storm in your holding journey.

And lastly, if you as an investor that really want to milk something good out of your Bitcoin investment, the best way to go about it is to be a long term holder, because without that, you can't be successful in your investment.

[Bravut]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Just like you said, planning is needed to increase the stability and also the size of your investment, and as a low income or an average income earner, the best way to navigate your way around it is to invest through the DCA accumulating strategy, because as long as you have a source of income, accumulating Bitcoin through the DCA method will not only gives you stability, but also gives you continuity, as long as you invest what you can afford to do away without.

Secondly, you spoke of patience, it's true that patience is actually needed when it comes to Bitcoin investment, but take note that patience alone is not enough for you to be able to hold strong without tempering with your Bitcoin investment even in the face of financial troubles, that is why  having a source of income or even more, and having an emergency fund is also needed, and vital for you to be able to wether the storm in your holding journey.

And lastly, if you as an investor that really want to milk something good out of your Bitcoin investment, the best way to go about it is to be a long term holder, because without that, you can't be successful in your investment.

Well said, @Barikui1. The end product is to make profit off our Bitcoin Investment which won't be a bed of rose because an investor tire his emotions to the investment rather than first conquering himself to accept the risk and be emotionless.

I believe in long-term view when investing in Bitcoin, but I must say that does not give a 100% guarantee that one will be successful including Short term holders, we should be open to uncertainties and also bare in mind that it can take more time to yield than we expected.

[Reincarnated Sat]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Yeah I agree with you one needs to be patient when going into Bitcoin investment so he can hold for a long term, but one thing about hodling for a long term is that it comes with challenges and if one is not careful it will lead you to dip hands into your investment and thereby terminate your long term hodling plan, so i think one should first identify some of the challenges and try to tackle it in other to secure his Bitcoin investment.
Some challenges I have noticed that affect one from hodling for a long term since I started this Bitcoin investment are as follow.

1. Emergency or problem.
This is one of the biggest challenges that comes with hodling bitcoin for long term, one can be good in his Bitcoin investment and very patient in his hodling but can lose everything because of emergency issues or problem, when you have an emergency or problem that needs to be solved financially but you have no money anymore maybe because you have exhausted all your income but you have a Bitcoin investment you will be tempted to use it to solve the emergency because you have no other options.
So it is advised to have a strong emergency, reserve and float funds to help you hodl for long term and make dream a reality.

2. Lack of management.
A lot of people sell off there investment because they lack management tactics, and this has been one great challenge of hodling bitcoin for a long term, some people really don't manage there salary very well they live a lavish lifestyle and it always affect there investment because whenever they go broke they always dip hands into there investment in other to keep up, anyone that can't manage his salary very well can't hold Bitcoin for long.
Some people receives good salary weekly or monthly but don't know how to manage it and can't boost of any solid investment why some people are even receiving lower salary but are doing great things because they have a good management tactics.
Any one planing on going into Bitcoin investment and planning on a long term investment should always have good management skill and stop living a lavish lifestyle.

[arwin100]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Important for people to have proper knowledge on everything so that they can execute a good preparation that will inclined to their plans towards building up their portfolio for long term investment on bitcoin. But if they only look at it as fast cash grab then want to earn a lot of money in short time period then provably that they are heading in wrong direction then might lose because of those reasons. Especially now that market is in big challenge those drops would provably change their decision and might it will result to something negative to them.

That's why instead of looking forward for short term gains people should try to seek for better opportunity for engaging with bitcoin for long term purposes since provably they can get something more better and they provably get more satisfied building up their portfolio rather than getting big stressed for chasing up for profits on unknown situation on short term conditions.

[Tungbulu]

You still sound like a trader rather than an investor

It all makes more sense looking at things from your perspective, and I honestly can't believe I never actually pictured things from this point of view. I strongly apologize for my previous trader minded perspective as I retract my previous stance.
Indeed, as a long-term investor, the focus may no longer be on taking profits from the investment but rather shifts to the sustainability/growth as well as preservation of the investment. It shifts from constantly buying and selling to more of maintaining a store of value that can be considered to be stable.
When an investor has attained such status, selling bitcoin becomes more about rebalancing his portfolio, risk management and making sure that his net worth is always intact rather than just focusing on making profits, which is infact a more conservative and patient approach because the focus is no longer on taking short-term profits but rather prioritizing long-term stability.

That is a reasonable way of  restating the situation, and no one can really tell you how exactly to make your determinations regarding how much to sell, when and under which of the frameworks, yet the more that you practice and consider the matters (hopefully without getting overly obsessed over such matters), you should be able to identify and put into practices that are comfortable for you and that go towards providing some kinds of balancing of the stability and growth and potentially cashing some out from time to time (once you have determined that you have more than enough for one or more of your cashing out systems).. so frequently, I consider any amount that I cash out to be adding some insurance in the event the BTC price goes crashing back down, so really my preference is that the BTC price does not come back down, but there is some shaving off of BTC as the BTC price goes up so that if it ends up coming back down below certain price points then some of that money is used to buy back, and really I am not even making hardly any money on those kinds of balancing trades since the value of my BTC portfolio goes up way more if the BTC price goes up rather than when it comes down, so there is a presumption that in the long term the odds for the BTC price going up is better than it going down, so the size of any sells are apportioned according to such presumptions, so for example, when I first came to the conclusion that I had overly accumulated BTC in 2015, my sales of BTC were right around (if not slightly more than) 10% for every 100% the BTC price went up (which also could be characterized as 1% for every 10% the BTC price went up), and little by little those percentages got eroded downwardly, so these days I probably have less than 5% for every 100% that BTC prices go up (which is less than 0.5% for every 10%), but still more importantly than any of the selling part is first clearly and unambiguously reaching a status of overaccumulation.. and you should be able to calculate those matters out in light of all of your personal financial and psychological circumstances to come to a right balance regarding if you have some of your sales (and how much?) to be price based and which ones to be time based, and personally I believe that the time based sales establish that you are even further along your overaccumulation journey (and ability to liquidate) as compared to the price-based sales which you likely can start to employ at earlier stages of your having had determined yourself to reach a clear and unambiguous overaccumulation status (of course from your own perspective rather than some standard that someone else might try to impose upon you).

I appreciate the effort you have put into coming up with such rational and calculated way of operating one's Bitcoin investments. Of course, it is evident that you invested considerable time and energy to come up with such a sound strategy that would give equal consideration to maintaining stability while pursuing growth. Your strategy appears to be a good case of how people needs to be cautious when investing in bitcoin due to various dangers and opportunities that may be involved (which of course we may not be able to discern)

I also paid close attention to the part about how to cash out from one's investment, by cashing out periodically to add some ‘insurance’ against the possibility of the price dropping, you are assuming a more aggressive position on the whole risk assessment. This is a good way to stay ready at least for any market swings which might happen. Furthermore, your concentration on the long-term position as the main indicator of success is also a logical decision, as it helps keep any short-term fluctuations in check.

This is also good coming from you and acknowledging the uncertainties of the market. Thus, it is crucial to understand that no investor knows what to expect in the  market, and changing strategies shows that one is wise.

I learn from my participation too.. so what largely should happen with any of us would be that we are either starting out to employ some kind of system that we figure might work for us, and if we are learning along the way and sharing information about our system, then we should be able to tailor our systems as we go, and there tends to be a lot of learning that can take place when we are both putting our systems into place and also sharing information regarding what kinds of things that we are doing.  

Sure sometimes some of us might start to consider that some of our interactions might be wastes of our time, since there can be a certain degree of repetition that is contained within some of our interactions, even if there also might be some new applications from time to time too, even with each of the new posts, there might be some changes in the way that we might spin the matter or think about the matter that we are discussing, so sometimes I consider that I cannot type fast enough and maybe I should employ some speech to text systems so that I can say what I want to say a bit more quickly... so yeah, sometimes even the typing might feel like it is too slow in order to communicate some of the variations of repeated ideas. yet some of my own clarifications even for myself might come through typing some of the ideas out that comes out differently from trying to say the same things.. Accordingly, there can be dilemmas, even with these sharing matters, especially if you might get yourself to 1,000s or posts or 10s of thousands of posts, which is my current status.. and many of my posts are probably a wee bit long.. so yeah, there can sometimes be some concerns about my own balancing in regards to which things I should be doing first.

I can fully understand what you are trying to say. It's pretty cool that you always try to enhance and polish the strategies of investing and of how you share them with others. I mean, it is a process, isn’t it? Everyone is on the same level and everyone is learning and evolving, at least I hope we are.

Yeah, it sometimes feels like a challenge to do all of that, to share your experience or an opinion, experiment, and avoid becoming too repetitive at the same time. But honestly, your posts are always so contrite and specific, while sometimes lengthy, they are precisely why we enjoy them. It’s also awesome how you are on the constant lookout for the next big thing for you to express your creativity and share ideas with the world,  from typing to speech to text feature, which I know sometimes is a lifesaver.

And I totally relate to the whole ‘typing too slow’ thing that you have been going through. Sometimes I even feel like  I can’t type letters fast enough to keep up with my thoughts! But at the same time, it is rather a unique and inspiring process to turn your ideas into words, right? It is as if it aids in the comprehension of your current situations and experiences.

Anyway, just keep on with whatever it is that you are doing. Really, your posts mean a lot and I am always looking forward to reading or watching what you have to say or show next.

[laijsica]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Important for people to have proper knowledge on everything so that they can execute a good preparation that will inclined to their plans towards building up their portfolio for long term investment on bitcoin. But if they only look at it as fast cash grab then want to earn a lot of money in short time period then provably that they are heading in wrong direction then might lose because of those reasons. Especially now that market is in big challenge those drops would provably change their decision and might it will result to something negative to them.

Yes, short-term traders are at high risk in the current market and they have lost the opportunity to move their capital. Another option for them without waiting any longer is to accept the loss without profit and withdraw. On the other hand, long-term investors who continue to accumulate Bitcoin and hold until its price reaches $100k or more will expect high profits. Bitcoin encourages you to save for the long term as it allows you to buy fractions of any amount you like. To diversify your portfolio you can increase the amount of bitcoin you deposit each month which is definitely not beyond your reach. Bitcoin holdings should be consistent with your surrounding assets and long-term holdings are recommended.

[erep]

Yes, short-term traders are at high risk in the current market and they have lost the opportunity to move their capital. Another option for them without waiting any longer is to accept the loss without profit and withdraw. On the other hand, long-term investors who continue to accumulate Bitcoin and hold until its price reaches $100k or more will expect high profits. Bitcoin encourages you to save for the long term as it allows you to buy fractions of any amount you like. To diversify your portfolio you can increase the amount of bitcoin you deposit each month which is definitely not beyond your reach. Bitcoin holdings should be consistent with your surrounding assets and long-term holdings are recommended.

Short-term traders are unlikely to cut high losses if market conditions have declined drastically, they are forced to hold the assets they own until their capital recovers or approaches the coin purchase capital, but if short-term traders choose bitcoin trading assets then they will not worry about the conditions any market because they will shift their strategy to become long-term investors, but they will worry if they choose the wrong coin, that they tend to hunt for profits on new coins listed on top markets, but their capital is low, there is a chance of recovering capital if market conditions become more negative, they should ignore altcoins in investment choices and focus on investing in bitcoin until it reaches a price of 100k at the new ATH.

[Sim_card]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Just like you said, planning is needed to increase the stability and also the size of your investment, and as a low income or an average income earner, the best way to navigate your way around it is to invest through the DCA accumulating strategy, because as long as you have a source of income, accumulating Bitcoin through the DCA method will not only gives you stability, but also gives you continuity, as long as you invest what you can afford to do away without.

Secondly, you spoke of patience, it's true that patience is actually needed when it comes to Bitcoin investment, but take note that patience alone is not enough for you to be able to hold strong without tempering with your Bitcoin investment even in the face of financial troubles, that is why  having a source of income or even more, and having an emergency fund is also needed, and vital for you to be able to wether the storm in your holding journey.

And lastly, if you as an investor that really want to milk something good out of your Bitcoin investment, the best way to go about it is to be a long term holder, because without that, you can't be successful in your investment.

Well said, @Barikui1. The end product is to make profit off our Bitcoin Investment which won't be a bed of rose because an investor tire his emotions to the investment rather than first conquering himself to accept the risk and be emotionless.

I believe in long-term view when investing in Bitcoin, but I must say that does not give a 100% guarantee that one will be successful including Short term holders, we should be open to uncertainties and also bare in mind that it can take more time to yield than we expected.

Making profit should not be the endamd reason of investing in bitcoin  but also maintaining your bitcoin investment and keeping it for a very long period of time and if possible pass it on to your heir should be our priority and not profit alone because if you have reached your bitcoin target, it can generate profit for you over and over again for many years if you don't sell all of it but shave out profit gradually maybe quarterly, twice or once in a year.

If you think of only profit, you might end up being a trader and sell when you see a little profit which will terminate the goal of a long-term investment plan.

Yes, short-term traders are at high risk in the current market and they have lost the opportunity to move their capital. Another option for them without waiting any longer is to accept the loss without profit and withdraw.

I don't think that withdrawing their funds is the best thing for them to do but rather they should decease from trading and keep their bitcoin and start investing buy buying more bitcoin using DCA strategy weekly or monthly regularly for upto 4-10 years that will help them recover their losses, and they should never trade again.

[JayJuanGee]

On the other hand, long-term investors who continue to accumulate Bitcoin and hold until its price reaches $100k or more will expect high profits. Bitcoin encourages you to save for the long term as it allows you to buy fractions of any amount you like. 

Surely, you seem to be suggesting that the longer that someone is into bitcoin, then the more likely he is going to be in profits, especially when BTC goes back to making new ATHs, including but not limited to $100k and beyond.

That is likely true - especially if longer term BTC investors have been focusing on buying and accumulating bitcoin through buying rather than trading, and so there surely could be examples of folks who believe that they are investing, but they include trading and/or selling into their accumulating technique, which could cause them to make mistakes in such ways that they end up making less than they could have other wise made, and they lose their focus on accumulation of bitcoin which should be mostly through buying, especially in the first cycle (4 years), unless you had been able to front-load your investment, then there could be circumstances in which you had ended up accumulating enough bitcoin or more than enough bitcoin order to engage in other bitcoin management (or accumulation) practices besides merely buying bitcoin.

There also could be folks who have been into bitcoin for a long time, yet for whatever personal reasons their discretionary income might not have had been very high in their earlier years of being into bitcoin, so they may well feel that they had not accumulated enough bitcoin, even if they had been into bitcoin longer than a whole cycle and even longer than a couple of cycles, so if someone might have a $50k per year now, but maybe they were a student a few years ago, so now they have enough disposable income to invest $100 to $200 per week into bitcoin, even though maybe previously, they might have ONLY been investing $10 to $50 per week into bitcoin, and they surely feel that they do not have enough bitcoin, and they may well still be accumulating bitcoin for another 1 to 2 cycles, whether BTC prices are above $100k or otherwise, and so their assessment as to when they have enough, may relate to their current income or perhaps to their desire to have an income that is larger than their current income.

So we might be able to see someone who had been into bitcoin for two cycles who had been accumulating bitcoin at about $25 per week starting around 8 years ago, and maybe they spent around 6 years accumulating at that rate between mid 2016 and mid 2022, so they invested nearly $8k and accumulated around 2.2 BTC.

And maybe the last couple of years, they were able to be more aggressive after they graduated from college or otherwise was able to increase their income, and maybe in the last two years they had been buying $150 per week of bitcoin, and so they invested around another $16k and they got nearly 0.55 BTC, and so currently their total investment into bitcoin is around $24k and they have 2.75 BTC.  Surely not a bad place to be, and maybe they plan to continue to invest around $150 to $500 into bitcoin per week, yet to increase the amount of the investment into bitcoin they have to consider their ability to increase their disposable income by increasing their income or cutting their expenses, and sure maybe they just continue to employ some form of DCA, but they also might consider buying on the dip tactics to the extent that any of that kind of variation might seem feasible, but as I said that if their current income is around $50k, yet if their goal is to get to a point that maybe their income would be 2x or even 3x of their current income (which would be $100k to $150k per year), then they may speculate that they may well need to get their bitcoin stash to something like $1 million to $2 million in value, and surely I would not suggest using the bitcoin spot price to calculate that but instead the 200 week moving average to calculate portfolio value - check the historical 200-WMA here ..

which may well cause a bitcoin investor to conclude that he may need to shoot for having around 5 BTC within the next 10 years (check my fuck you status chart), which could be reachable for the guy who had already accumulated 2.75 BTC in the last 8 years... and yeah for some folks 5 BTC in 10 years would not be enough and for others 5 BTC in 10 years will be more than enough, so each person has to figure out where to place his goals.. and surely there may well be some longer term bitcoiners who are still in the process of accumulating bitcoin even when they have already been in bitcoin for one or two cycles.

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Just like you said, planning is needed to increase the stability and also the size of your investment, and as a low income or an average income earner, the best way to navigate your way around it is to invest through the DCA accumulating strategy, because as long as you have a source of income, accumulating Bitcoin through the DCA method will not only gives you stability, but also gives you continuity, as long as you invest what you can afford to do away without.

Secondly, you spoke of patience, it's true that patience is actually needed when it comes to Bitcoin investment, but take note that patience alone is not enough for you to be able to hold strong without tempering with your Bitcoin investment even in the face of financial troubles, that is why  having a source of income or even more, and having an emergency fund is also needed, and vital for you to be able to wether the storm in your holding journey.

And lastly, if you as an investor that really want to milk something good out of your Bitcoin investment, the best way to go about it is to be a long term holder, because without that, you can't be successful in your investment.

Well said, @Barikui1. The end product is to make profit off our Bitcoin Investment which won't be a bed of rose because an investor tire his emotions to the investment rather than first conquering himself to accept the risk and be emotionless.

I believe in long-term view when investing in Bitcoin, but I must say that does not give a 100% guarantee that one will be successful including Short term holders, we should be open to uncertainties and also bare in mind that it can take more time to yield than we expected.

Making profit should not be the endamd reason of investing in bitcoin  but also maintaining your bitcoin investment and keeping it for a very long period of time and if possible pass it on to your heir should be our priority and not profit alone because if you have reached your bitcoin target, it can generate profit for you over and over again for many years if you don't sell all of it but shave out profit gradually maybe quarterly, twice or once in a year.

If you think of only profit, you might end up being a trader and sell when you see a little profit which will terminate the goal of a long-term investment plan.

Largely, I agree with all of your points Sim_card, including that profits is not really the end goal, but there is a bit of a presumption that the bitcoin holdings would be somewhat in profits by the time that any of us might start to use our bitcoin investment.

Surely, I also would not consider passing on bitcoin to heirs to be a necessary goal of any investor because who even knows if heirs deserve bitcoin, but having heirs could be a back up plan for any of us who might end up kicking the bucket earlier than expected or even having some kind of a contingency plan, but investing for someone else does not seem to be a great base case plan even though I get what you are suggesting in terms of wealth being a thing that can contribute to legacy, yet we might be a bit concerned if that were to be our only plan in regards to the reason why we might build up our bitcoin investment in order to potentially have more options and to safeguard ourselves from various kinds of problems with traditional investments that might cause us to get rug pulled, so bitcoin serves as a hedge to various vulnerabilities in legacy investments.. so likely we would still have investments in both systems and try to protect our own wealth status by having bitcoin included within our options and within the ways that we are trying to preserve and/or grow our wealth so that we can live comfortably rather than being totally subjected to the various debasement aspects of fiat-related systems, even if we might own some equities, bonds, property, commodities, cash/cash equivalents and some of the other base traditional investments.

Yes, short-term traders are at high risk in the current market and they have lost the opportunity to move their capital. Another option for them without waiting any longer is to accept the loss without profit and withdraw.

I don't think that withdrawing their funds is the best thing for them to do but rather they should decease from trading and keep their bitcoin and start investing buy buying more bitcoin using DCA strategy weekly or monthly regularly for upto 4-10 years that will help them recover their losses, and they should never trade again.

I surely agree with the points that suggest to minimize fucking around with trading, even if you might have had built a decently-sized bitcoin portfolio, maybe still trading would be limited to less than 10% of the size of the bitcoin holding if anyone feels some kind of temptation to trade, and yeah, I think that I agree with your points that seem to suggest to mostly staying in bitcoin, so in that regard, I cannot see that many of us might spend 4-10 years or longer.. maybe some of us might spend 20 years or more investing into bitcoin, so we likely should not be engaging in practices that result in our getting out of our bitcoin holdings in large portions, since even if bitcoin is almost inevitably going remain quite volatile, we should still be figuring out ways to mostly hang onto our bitcoin and maybe engage in various incremental withdrawals rather than large withdrawals that just devolve into trading rather than attempts to mostly maintain the BTC stash.

So surely we should be able to develop sustainable withdrawal techniques that would either be based on price moves and/or based on time increments, which I discuss several of those ideas in my sustainable withdrawal thread.. which has to do with guys who have reached high enough BTC accumulation levels to suggest that  they have accumulated enough BTC or perhaps more than enough BTC to justify their transitioning from accumulation to maintenance and potentially to liquidation that may well take a life time to play out (if they ever completely withdraw from bitcoin, which probably would not be necessary to completely withdraw from bitcoin.. depending on how long you live and if you might have some goals to deplete your wealth and to consume it before you die).

[EclipseXcrypto]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Bitcoin reaching 100k might not happen anytime sooner But what shoul be an investors outter most priority, is what will be of his/her investment results in the future when bitcoin finally hits that $100k. Individuals expectation have not been met with the price movement , the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

[Pi-network314159]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Bitcoin reaching 100k might not happen anytime sooner But what shoul be an investors outter most priority, is what will be of his/her investment results in the future when bitcoin finally hits that $100k. Individuals expectation have not been met with the price movement , the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

Yes bitcoin may not reach $100k as you proclaimed but may also reach anytime soon. I prefer to use the word " unpredictable" bitcoin volatility makes it difficult for we to understand when the price we hit our heart desire, but with previous performance we are able to forecast the future even if speculation does not really come so fast, but it is certain that Bitcoin will supers the current price. Let us just take the advantage of its current dip price, because a time will come when this opportunity may not be possible.

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Just like you said, planning is needed to increase the stability and also the size of your investment, and as a low income or an average income earner, the best way to navigate your way around it is to invest through the DCA accumulating strategy, because as long as you have a source of income, accumulating Bitcoin through the DCA method will not only gives you stability, but also gives you continuity, as long as you invest what you can afford to do away without.

Secondly, you spoke of patience, it's true that patience is actually needed when it comes to Bitcoin investment, but take note that patience alone is not enough for you to be able to hold strong without tempering with your Bitcoin investment even in the face of financial troubles, that is why  having a source of income or even more, and having an emergency fund is also needed, and vital for you to be able to wether the storm in your holding journey.

And lastly, if you as an investor that really want to milk something good out of your Bitcoin investment, the best way to go about it is to be a long term holder, because without that, you can't be successful in your investment.

Well said, @Barikui1. The end product is to make profit off our Bitcoin Investment which won't be a bed of rose because an investor tire his emotions to the investment rather than first conquering himself to accept the risk and be emotionless.

I believe in long-term view when investing in Bitcoin, but I must say that does not give a 100% guarantee that one will be successful including Short term holders, we should be open to uncertainties and also bare in mind that it can take more time to yield than we expected.

Making profit should not be the endamd reason of investing in bitcoin  but also maintaining your bitcoin investment and keeping it for a very long period of time and if possible pass it on to your heir should be our priority and not profit alone because if you have reached your bitcoin target, it can generate profit for you over and over again for many years if you don't sell all of it but shave out profit gradually maybe quarterly, twice or once in a year.

If you think of only profit, you might end up being a trader and sell when you see a little profit which will terminate the goal of a long-term investment plan.

What you said may be true but saying that making profit shouldn't be the endamd reason of for investing in bitcoin may not totally be true. As far as I know the reason for any business man or woman to invest is to make profit despite the world make profit may be a kind of word used by traders doesn't mean investors does need the profit. No matter how we keep investing and investing and passing it to our hairs is also the profit that keep compounding before it becomes huge to pass as amln inheritance. Let us not make it look as if profit is not the sole purpose of investment. We can only say that profit at early stage of investment is not good, but longer time may be better. Than making it look as if investment is not for profit making.

[Frankolala]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Bitcoin reaching 100k might not happen anytime sooner But what shoul be an investors outter most priority, is what will be of his/her investment results in the future when bitcoin finally hits that $100k. Individuals expectation have not been met with the price movement , the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

Yes bitcoin may not reach $100k as you proclaimed but may also reach anytime soon. I prefer to use the word " unpredictable" bitcoin volatility makes it difficult for we to understand when the price we hit our heart desire, but with previous performance we are able to forecast the future even if speculation does not really come so fast, but it is certain that Bitcoin will supers the current price. Let us just take the advantage of its current dip price, because a time will come when this opportunity may not be possible.

The price of bitcoin reaching 100k should not be what we should focus or think about because long term goal is what matters alot and not short-term . By next year, we might see 100k price and that does not mean that new a new investor into bitcoin will not continue with his regular DCA buying in order for him to increase his bitcoin stash overtime.

 However, bitcoin price is cheap currently compared to when it will be 100k, and this is why we need to continue buying nonstop with DCA regularly weekly or monthly so that we can acquire more bitcoin before the price gets to 100k and above because by then the quantity of bitcoin that we will be buying will be less in quantity compared to now if we are still using the same amount to DCA regularly.

[adultcrypto]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

You have rightly put it as it should and that is the psychological requirements for being a bitcoin investor. There are actually some methods that can help the investor because the major cause of impatience and anxiety is investing money that is meant for other important things into bitcoin with the hope that the profits will come very fast for the investment to be liquidated. With method such as the DCA method and proper planning that require investing after settling basic needs and also setting up emergency funds, the chances of being under pressure to sell will be highly reduced.

During the dip that we are gradually coming out of, those employing the DCA method do not really have much to worry about because they saw the dip as good opportunity to get more bitcoin for the same DCA amount. On the other hand, those not using long term approach were thrown into panic and some already started thinking that the bull season has ended and the road to $100k would have been a wish that will not come through.

[Reincarnated Sat]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

I would say Bitcoin volatility is what makes Bitcoin so interesting it gives everyone that opportunity to accumulate as much as possible, if Bitcoin those not come down or fall in price sometimes it will discourage a lot of people to invest because they feel they can't accumulate anything good for themselves no matter how long especially those who are not financially stable, but the rising and falling of it gives hope to some people, the dip in Bitcoin should be seen as an opportunity to accumulate more and not as a discouragement.
Bitcoin hitting $100k is very much possible and I believe it will happen anytime soon and that is why one should not bother it self about it, what one should be concern is accumulating enough, when Bitcoin started no one believe it will grow this big and so one should not have doubt about it hitting $100k.

[Moreno233]

Bitcoin hitting $100k is very much possible and I believe it will happen anytime soon and that is why one should not bother it self about it, what one should be concern is accumulating enough, when Bitcoin started no one believe it will grow this big and so one should not have doubt about it hitting $100k.

I don't know how the human mind is designed that it happens that doubt and fear has become part of our being. This is the reason some people will continue to doubt Bitcoin to this time. When it was less than a dollar, people doubted, same thing when it was about $100 many people doubted that it will not go higher so they sold. When it got to a couple of hundreds of dollars, the doubt did not stop. Even when it reached $1,000 the doubt never stopped, some people were excited to sell their Bitcoin in the joy thinking they have made so much profit, and later found out that Bitcoin did not stop at that price. Furthermore, at $10,000 per Bitcoin, this was the apex for some people and a price they believe was too high to achieve for Bitcoin, so some sold their Bitcoin in large profits and left thinking they had made so much money. This doubt will always be there just like we are seeing now when people are doubting Bitcoin reaching $100,000.

Seeing that Bitcoin have continued to make progress and break new grounds despite the fear and criticism, they should tell us that there is no price that is too high for Bitcoin to achieve and it is a matter of time before Bitcoin get there. So the best way to go about this is to buy and not be in a hurry to sell even there is panic, we should buy and think long term and Bitcoin will always deliver.

[Pi-network314159]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Bitcoin reaching 100k might not happen anytime sooner But what shoul be an investors outter most priority, is what will be of his/her investment results in the future when bitcoin finally hits that $100k. Individuals expectation have not been met with the price movement , the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

Yes bitcoin may not reach $100k as you proclaimed but may also reach anytime soon. I prefer to use the word " unpredictable" bitcoin volatility makes it difficult for we to understand when the price we hit our heart desire, but with previous performance we are able to forecast the future even if speculation does not really come so fast, .but it is certain that Bitcoin will supers the current price. Let us just take the advantage of its current dip price, because a time will come when this opportunity may not be possible

The price of bitcoin reaching 100k should not be what we should focus or think about because long term goal is what matters alot and not short-term . By next year, we might see 100k price and that does not mean that new a new investor into bitcoin will not continue with his regular DCA buying in order for him to increase his bitcoin stash overtime.

 However, bitcoin price is cheap currently compared to when it will be 100k, and this is why we need to continue buying nonstop with DCA regularly weekly or monthly so that we can acquire more bitcoin before the price gets to 100k and above because by then the quantity of bitcoin that we will be buying will be less in quantity compared to now if we are still using the same amount to DCA regularly.

Well My explanation and yours are saying thesame thing and no much difference between them just that I may not explain the way you did but if you check the place I bolded you will understand what am saying. Yea talking about price of bitcoin does not really matters, what matters is how far we can go in our bitcoin investment or accumulation process through DCA, because our investment is our priority and strength when the price of btc is still cheap than expecting it to grow so high that it becomes expensive to afford some fraction.

[dunfida]

The fragile, fainthearted, impatient, get rich quickly (with Bitcoin gambling) initiators all wrecked.
 The real Investors, and Bitcoiners understand the that the Game just begone, ensure you're ready. Accumulate the fuck out of Bitcoin, let keep building our Bitcoin Portfolio...

Road to $100k possible  !!!!
Have a plan, be open to the risk.

Bitcoin basically needs to be grasped, and planning is needed on how to increase the stability of this investment amount. Because the only major source of Bitcoin investment is patience, you will encounter people immediately whenever you rush to invest. And greed will work inside you and you will be forced to give up the investment. So instead of being attracted to profit for this reason, if you are attracted to Bitcoin holding, you will achieve the highest goal, and your investment will be the best investment and your target will reach the right price.

Bitcoin reaching 100k might not happen anytime sooner But what shoul be an investors outter most priority, is what will be of his/her investment results in the future when bitcoin finally hits that $100k. Individuals expectation have not been met with the price movement , the volatility is part of bitcoin nature and we should embrace it with a long term goal. I believe in the near future, with how it bitcoin started, capabilities and potential it possess 100k will be certain in the future. But our accumulating process matters then.

If we do speak about 100k then this is something which is attainable or reachable if we do consider on last cycles all time.high.People who do say that it won't really be able to reach out is into those people who might be that having  no real experience about bull run or simply being a noob.They would really be be that having those impression basing up on the current market condition but those are actually wrong. People would be making out sentiments basing up on what they are currenty experiencing or facing up.If you do have that experience then you would be having that calmness since you know on where this market would be going specially on between market cycles which bear and bullish run.

If you do have that belief about potential then you would really be holding for long term.