One Beauty about Bitcoin investment.

[kuriboh]

Their are people who do trading full time even if they don't get money in every trade they still decide to continue and also show a lot of dedication to what they are doing, because no matter what the process of earning might be dedication matters a lot, and even the little you are getting from it will be appreciated and that is why we need to pay a lot of attention especially when we are trading. And if it's about steady income from trading their people that they don't do any other thing than trading and they are doing very well. How you manage what you do matters a lot, and the reason why does who really fully in trading are not many is because a lot of people are running from the kind of responsibility that trading comes with but if you ensure to show dedication you will find it interesting and you will do everything possible to make money from trading. A country been poor does not have anything to do with trading, it's a choice if they want to trade or not and capital is another thing, they might have interest to trade but no capital.

Honestly, making trading your only source of income is not a good idea, and it is very hard to find someone who can solidly rely on trading for survival. Many of these rich traders that we see and hear about on social media already have different sources of income but there just just talk about it. Almost all of them had invested in other ways even before they became traders. So, if an average person wants to focus solely on trading without any other sources of income, they may easily suffer in life.Trading is not that easy to make money from, and even those with proper knowledge and great experience in trading also lose money. What we need to understand is that we should stop believing everything we see on social media, where some people claim that trading is their main source of income.

I agree with you because no one can take this trading profession as a source of income. I have seen friends around me and many prominent business people who took it as a source of income get caught. It must always be taken as a source of income. It's OK to do it a little, but don't depend on it long-term. Because it rises and falls, you can't tell what happens when.

I've seen many people suffer a lot of damage even from a perfectly good signal. They have not been able to recover from that loss until now, and finally, they are gone. Trodding can never be taken as a source of income.

[Emmanuelex]

That's right. Bitcoin is a good investment, but before you start, you have to make sure that you understand the risk you're about to take and that the money you're risking is always what you can afford to set aside for the risk and not mind losing them. Same way the profit comes, is the same way that there can also be losses. So we have to be very careful with it.

[DiMarxist]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

[skarais]

I regret why I came to Bitcoin late, but I know it's not worth regretting.
Getting to know bitcoin is one of the things that has helped me the most financially so far, even when I have missed opportunities to become an early investor. Bitcoin investment is one of the best I have ever known, it exceeds many other investment assets. Of course, there are goals for each investor, but in the end we definitely expect a return from this investment.

Bitcoin is considered a hedge asset during inflation by some investors, but for most others it is to maximize its potential returns. Investors know bitcoin can help them gain multiple profits in a few years, even the ratio is higher than physical assets and other assets.

[Egii Nna]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

Did you just say delete the app? To me, that is not the best solution to keep your bitcoin for a long time. Expect if you find it hard to achieve your goals due to a lack of patience or fear of losing. There are two things to apply. Even when you find it hard to be patient about your investment or you always have the fear of losing in you, all you need to do since you are investing for a long time is just to fix a year, time, and date that you will like to withdraw, and when the time reaches then you can see if your profit is there or not. That is what I call achieving your target the negative or positive way. The most important part is don’t be afraid of losing because you know the risk and you wish to join.
 
Moreover, to me, if I invest for a long time, I always check the market and see the movement of it, so that I will know and be ready to invest more, because if you can forget about your investment, you won’t know if you can get your target or not, and forgetting about the investment or deleting the app will make you want to withdraw your money when you see a higher loss or when you have an emergency, so to me, that is not a nice idea.

That's right. Bitcoin is a good investment, but before you start, you have to make sure that you understand the risk you're about to take and that the money you're risking is always what you can afford to set aside for the risk and not mind losing them. Same way the profit comes, is the same way that there can also be losses. So we have to be very careful with it.

Any risk must be taken into notice and considered before joining the risk, and bitcoin risk is a type of risk that you will never lose all what you have invested unless you lose a bit or something higher, but still you can't lose all your investment, and that will give you the chance to invest more and also wait for your profit.

The main reason why we all emphasize on investing what you can afford to lose is because you are not supposed to invest all your life savings in bitcoin, because a little drop will shake your heart, just because of the higher expectation you have on it, but when you invest a bit of money that doesn’t feel like anything to you, you will find it easy to endure even if you lose a bit in it.

[Yatsan]

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

My opinion on this matter if i were to compared a regular workplace, investing in digital currencies such as Bitcoin has many good advantages. One of them is the flexibility it provides an investor, one can manage his or her investments with much less constant monitoring than required by most conventional jobs. Unlike jobs where employees may feel obligated to act busy and do unproductive activities, cryptocurrency investments can oftentimes be passively handled using strategies like DCA or just plain long-term holding. Another important merit of Bitcoin is its possibility of hedging against inflationary processes by providing value storage amidst the devaluation of fiat money.This flexibility, combined with the capability to diversify your investments, makes cryptocurrency quite attractive. However, it is necessary to know the risks involved with it. It means making a choice between crypto investments and conventional career paths, seeking a work-life balance between financial stability and personal satisfaction in regard to personal goals and risk tolerance.

[adultcrypto]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

This depends on the method of investment you are using. If you are using lump sum investment where you buy at once and will not consider to buy again in a short while, then the idea of buying and deleting the app might be good. But if you are using method like the DCA that requires you to purchase regularly, then it is not ideal to delete the app because you might need to check that everything is in order after you withdraw from the CEX or wherever you are buying from. All these might also be adjusted if you are storing your coins in a hardware wallet as that is entirely a different approach.

[Ruttoshi]

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

You should know that a means of income is important for anyone to invest in bitcoin which means man must work to invest for the future. Bitcoin investment is something that is done now and you constantly grow and build it gradually and that is done with money.

If you to work, earn and sacrifice your discretionary income in buying bitcoin persistent and consistent overtime so that your bitcoin portfolio can reach your bitcoin target for a long time, there is no way you will make good profit from bitcoin so don't think that you will win a lottery to invest in bitcoin but you have to work hard to invest for the future. It is in the future that you will reap the fruit of your labor.

You stare at the computer when trading and you frown when you are at loss. Mining needs huge funds and where will you get that from. Do you know that there are some jobs with computer that pays huge

[Fivestar4everMVP]

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

Well, this bud @Marvelockg said exactly what I was thinking while reading your post @op, investing in bitcoin is not a career, and neither is it a job that pays you weekly, bi-weekly or monthly, and neither is it a business that pays you everyday.

As good as it is to invest in bitcoin specially for future purposes, you will still need to either run a business where you generate daily income for your day to day expenses, or work for a weekly or monthly salary in the same company where you may be required to stare at a computer screen for an entire day, all working days in a week, or get engaged in a hard labor, or do manial jobs.

Without any of the above, there isn't really any need investing in bitcoin, since you won't even have the money to, or even if you manage to invest, you will end up selling it even before you get a chance to profit from the investment.

[Farma]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

You are right, if our investment planning is for the long term, we don't have to check the price movement too often every day, but we only need to focus on continuing to collect these assets to be able to generate profits in the future and saving the seed phrase is of course very important because if we don't take good care of it, the assets we have collected will be wasted and it would be better if we store it in a safe place, not only storing it on our cellphone but writing it down and storing it in a place that is easy for us to remember, when you take advantage of the declining conditions, of course you must have funds that you can hold for a long time because if not, you might need the funds and the price drops again and you have to sell in those conditions, of course this will be very detrimental.

[Frankolala]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

Did you just say delete the app? To me, that is not the best solution to keep your bitcoin for a long time. Expect if you find it hard to achieve your goals due to a lack of patience or fear of losing. There are two things to apply. Even when you find it hard to be patient about your investment or you always have the fear of losing in you, all you need to do since you are investing for a long time is just to fix a year, time, and date that you will like to withdraw, and when the time reaches then you can see if your profit is there or not. That is what I call achieving your target the negative or positive way. The most important part is don’t be afraid of losing because you know the risk and you wish to join.
 

One year investment is not a long-term investment but a short-term and that is when you might run at loss as a trader when the market goes below your entry point. Long term investment means investing for at least once bitcoin circle and above for example 4-10 years and above with your regular DCA buying to increase your bitcoin portfolio overtime. There is no one that will plan to achieve a negative target because we are all investing with positive mindset to make profit in the future.

deleting the app will make you want to withdraw your money when you see a higher loss or when you have an emergency, so to me, that is not a nice idea.

You will only sell your bitcoin because you didn't use the right amount of your discretionary income to invest in bitcoin or you don't have an emergency funds available to take care of a real emergency when it happens or because you are a trader and not because you deleted the wallet app. However, if your investing with DCA, you need your wallet. You will only run at loss when you sell your bitcoin but if you don't sell it, your bitcoin portfolio will recover.

[JayJuanGee]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

Did you just say delete the app? To me, that is not the best solution to keep your bitcoin for a long time. Expect if you find it hard to achieve your goals due to a lack of patience or fear of losing. There are two things to apply. Even when you find it hard to be patient about your investment or you always have the fear of losing in you, all you need to do since you are investing for a long time is just to fix a year, time, and date that you will like to withdraw, and when the time reaches then you can see if your profit is there or not. That is what I call achieving your target the negative or positive way. The most important part is don’t be afraid of losing because you know the risk and you wish to join.
 

One year investment is not a long-term investment but a short-term and that is when you might run at loss as a trader when the market goes below your entry point. Long term investment means investing for at least once bitcoin circle and above for example 4-10 years and above with your regular DCA buying to increase your bitcoin portfolio overtime.

It seems worth noting that if a guy lump sums into bitcoin, then his 4-10 year or longer timeline starts from the time of the lump sum amount.

Yet, if someone is continuing to invest in a DCA style for 4-10 years or longer, then surely his investments are going to continue to pass over the minimum of a 4-year timeline, which should be the case for any new money that is injected into BTC.

Surely any BTC investor should be able to account for his investment timeline continuing to be 4-10 years or longer for any new injections of capital into bitcoin, yet at the same time, guys have complete discretion regarding how to treat their bitcoin investment, including when they consider that they have accumulated enough or if they might change their BTC accumulation strategies or if they might transition into more of a maintenance stage rather than an accumulation stage or if they might at some point consider themselves to have had transitioned into some kind of a withdrawal system, hopefully sustainable withdrawal systems that might be price based and/or time based, yet again, guys can come to their own assessments in regards to why they got into bitcoin and/or their considerations in regards to whether they might try to stay in bitcoin in long term and/or ongoing ways versus getting out completely and buying a lambo with their bitcoin money (which seems dumb, but some guys do dumb things, even with pristine assets, like bitcoin).

There is no one that will plan to achieve a negative target because we are all investing with positive mindset to make profit in the future.

That is true.  We are likely investing into bitcoin because we believe that it has decently good odds of providing us greater options in the future (such as 4-10 years or longer) to be in bitcoin rather than not being in bitcoin.

deleting the app will make you want to withdraw your money when you see a higher loss or when you have an emergency, so to me, that is not a nice idea.

You will only sell your bitcoin because you didn't use the right amount of your discretionary income to invest in bitcoin or you don't have an emergency funds available to take care of a real emergency when it happens or because you are a trader and not because you deleted the wallet app. However, if your investing with DCA, you need your wallet. You will only run at loss when you sell your bitcoin but if you don't sell it, your bitcoin portfolio will recover.

Surely, bitcoin is not guaranteed to recover or to be profitable, and surely some folks get in and out of bitcoin because they cannot resist the idea of taking profits and consuming, so surely, historically bitcoin have shown the short term players into bitcoin that they likely would have had done way better by figuring out ways to stay in bitcoin for longer periods of time rather than merely focusing on short-term profits.  There are going to continue to be a lot of folks who fail/refuse to appreciate bitcoin for its longer term potentials... and so yeah, those are discretionary choices in which some folks will do better than others in regards to how they invest into bitcoin and the extent to which they choose to hold and/or maintain their BTC holdings into longer term periods, such as 4-10 years or longer from whichever time point they are considering and/or reconsidering their BTC approach going forward.

[Ryu_Ar1]

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.

I think it depends on each person who will do the investment method or strategy that they will do because deleting the application is an easy thing but there must be some considerations to do so.
If you do it with a method where you buy a large amount of bitcoin and forget about it for some time without wanting to see your assets then you can delete because you have saved the seed phrase and will not buy for a long time considering you have bought a large amount before.

However, if your strategy is DCA then I think deleting the app is a bit of a hassle especially since we make purchases regularly (not just at one time) so it is a hassle if you want to buy because you have to reinstall and delete it after you buy.

[red4slash]

The one beauty of bitcoin is that bitcoin makes you financial stable and in shorter period of time you can become millionaire or even billionaire so buy, buy, buy and hold, hold, hold.

This is a situation that I feel is quite wrong. We will not be able to become a millionaire in a short time with bitcoin especially with the amount we invest small so don't expect too much like this so you don't become someone who is denial because you don't know how bitcoin works properly.
When talking about investing in bitcoin, of course we must understand that the long term is a wise choice to make especially if we want to have financial freedom conditions as always talked about from the start.
The thought that you can get rich in a short time while in bitcoin must be gradually eliminated because after all it is inappropriate thinking and it can actually make you too aggressively in the accumulation of bitcoin which ultimately destroys the investment plan you want to make because you are too focused on wanting to get wealth instantly.

[AprilioMP]

One year investment is not a long-term investment but a short-term and that is when you might run at loss as a trader when the market goes below your entry point. Long term investment means investing for at least once bitcoin circle and above for example 4-10 years and above with your regular DCA buying to increase your bitcoin portfolio overtime. There is no one that will plan to achieve a negative target because we are all investing with positive mindset to make profit in the future.

One year cannot be categorized as a term investment in the context of the type of investment is in Bitcoin. I justify your opinion because in the one year in question, investors may not necessarily be able to target the return with the desired target because it still allows the investor to be in a loss due to the price that is not always on the chart up.
If within a period of time, at least based on the four -year cycle carried out using the DCA method, it is very possible that investors will get a return from the desired target, even there is a possibility of more.

[DiMarxist]

One year investment is not a long-term investment but a short-term and that is when you might run at loss as a trader when the market goes below your entry point. Long term investment means investing for at least once bitcoin circle and above for example 4-10 years and above with your regular DCA buying to increase your bitcoin portfolio overtime. There is no one that will plan to achieve a negative target because we are all investing with positive mindset to make profit in the future.

One year cannot be categorized as a term investment in the context of the type of investment is in Bitcoin. I justify your opinion because in the one year in question, investors may not necessarily be able to target the return with the desired target because it still allows the investor to be in a loss due to the price that is not always on the chart up.
If within a period of time, at least based on the four -year cycle carried out using the DCA method, it is very possible that investors will get a return from the desired target, even there is a possibility of more.

My question is that how or when the long term investment kick starts. Since he said one year is not a long term but short term so he can tell us the duration of the short term and the duration of the long term investment. So that those who don't it before can learn from this. If he says 1 year is not a long term investment without evidences then he is also making assumptions on the two types of investment. Long and short.
And from my own understand, one year is a short term because if the market is in bear season and foe it to recover to the average level, it would took some months to correct itself. And for you to make a gain from the investment Will be calculative between the time from of the investment time to the Bitcoin halving to.e and when the All Time High will be reached so when those things are considered then you can know if your investment I long or short.

[Churchillvv]

I don't know how you got the inspiration but I feel you're back in the days where you think you can earn bitcoin by chances without doing not solid or reasonable job to buy bitcoin. because literally in the current bitcoin system you can't earn no bitcoin or return of investment from an easy peasy thought you have except you do those jobs which you think bitcoin investment has eased up for you.

Just don't think that because you have some little bitcoin that you're safe or you don't have to work because if you do you are definitely going be a victim of what you would regret.

[terrific]

If you're a trader, you don't also have to stare at your monitors 24/7 but someone who's seen the opportunity on every second on the market.
Like those that have been trading with futures, they have to watch out their trades and look at them all day long.
I do agree about the beauty of investing on Bitcoin. You don't have to be so good at anything at all but as long as you're good taking that risk, that's all what it takes together with your money to start investing in.

[AprilioMP]

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My question is that how or when the long term investment kick starts. Since he said one year is not a long term but short term so he can tell us the duration of the short term and the duration of the long term investment. So that those who don't it before can learn from this. If he says 1 year is not a long term investment without evidences then he is also making assumptions on the two types of investment. Long and short.
And from my own understand, one year is a short term because if the market is in bear season and foe it to recover to the average level, it would took some months to correct itself. And for you to make a gain from the investment Will be calculative between the time from of the investment time to the Bitcoin halving to.e and when the All Time High will be reached so when those things are considered then you can know if your investment I long or short.

On your question, that time starts when you decide to become a long -term investor. Long -term investment uses a better DCA method.

Actually it is not much different, maybe the way I convey it is different. It could be that what he said is easier for you to understand compared to what I said. And I also stood on the same thought about the duration of one year in investment. One year will not be able to ensure that investors will get a return as expected because it is too short, considering the very volatile crypto market.
Provisional conclusions, 1 year is not feasible to be mentioned as a long -term investment duration, but the short term.

[JayJuanGee]

My question is that how or when the long term investment kick starts. Since he said one year is not a long term but short term so he can tell us the duration of the short term and the duration of the long term investment. So that those who don't it before can learn from this. If he says 1 year is not a long term investment without evidences then he is also making assumptions on the two types of investment. Long and short.
And from my own understand, one year is a short term because if the market is in bear season and foe it to recover to the average level, it would took some months to correct itself. And for you to make a gain from the investment Will be calculative between the time from of the investment time to the Bitcoin halving to.e and when the All Time High will be reached so when those things are considered then you can know if your investment I long or short.

On your question, that time starts when you decide to become a long -term investor. Long -term investment uses a better DCA method.

Actually it is not much different, maybe the way I convey it is different. It could be that what he said is easier for you to understand compared to what I said. And I also stood on the same thought about the duration of one year in investment. One year will not be able to ensure that investors will get a return as expected because it is too short, considering the very volatile crypto market.
Provisional conclusions, 1 year is not feasible to be mentioned as a long -term investment duration, but the short term.

Hopefully we are talking about bitcoin instead of shitcoins, especially if we are referring to investing.. Crypto is a pretty fucking vague term, and hopefully, no one really believe that DCA would actually work with something as vague as crypto.. even though it is a good idea when we are actually able to specify that DCA and/or investing is a good idea when it comes to bitcoin.. especially when considering the investment timeline to be 4-10 years or longer in regards to any new buys of bitcoin that are made.

On the other hand, if we are referring to shitcoins or to non-bitcoin crypto (which is another way of saying shitcoins or altcoins), then most likely an in and out strategy has to be considered.. which truly brings a whole other level of complication to any decisions to get involved with that crap.. so in essence if you are going to DCA and/or invest into anything, then you have to have some kind of an inclination that the thing that you are investing in is inclined to go up over time, such as over 4-10 years or longer, which surely ONLY really applies to bitcoin, when we are referring to crypto in such a vague way that we might have meant to say bitcoin, but instead we spewed out some nonsense and meaningless term rather than specifically using the word bitcoin, if that was what might have had been meant. .instead of looking smarter by using crypto, most people look either dumb or disingenuine if they are using the term crypto rather than bitcoin when they are meaning to specifically describe bitcoin..

but yeah, a lot of times folks who use the term crypto instead of just saying bitcoin, don't really know what the fuck they are talking about (even though otherwise smart folks speak in such gobble-dee-gook) or they don't really know the difference between bitcoin and shitcoins, so they say crypto to try to appear as if they might happen to know something about something related to bitcoin.. which just ends up backfiring and showing that they don't really know anything at least in terms of having confidence in saying the word bitcoin and knowing that is what they are talking about, otherwise they would have just used the term bitcoin instead of blurting out some vague reference to a meaningless term such as crypto..  Using the term bitcoin, helps to make it clear about what is their reference, and helps to show they are not using vague and potentially purposefully misleading terms.