Bitcoin is a long-term investment, and if you are managing to just hold and sell out during small increases when the price of Bitcoin rises, it means you are not ready to invest.
You are very wrong about this. It's cool if you consider your Bitcoin investment long-term, it's your choice.
Of course, each of us can do whatever we want, yet if we are investing, then we should not be selling, since that would be trading rather than investing.
Yeah, there are some guys who don't seem to know the difference between investing and trading (and perhaps you are one of those guys EarnOnVictor since you spend so much time advocating for trading and suggesting that traders are able to beat investors, which truly is not the case when we look at any kind of longer timeline of repeated behavior)
Another thing is that this is an investing thread, not a trading thread... the word "invest" is right in the title.
But it's never a yardstick or basis to condemn other approaches.
With investing, the goal is to accumulate bitcoin, so if you sell you are not accumulating more, but instead you are taking chances that your selling action might result in being able to accumulate more, which is largely gambling (or hoping for luck) rather than staying focused on the goal to ongoingly accumulate more bitcoin.
And in case you don't know, many approaches have proven to be way more profitable than HODLing in recent times, and Bitcoin is no more at $50 where HODLing could be a hack for riches.
Sure. No one knows, yet when you invest you work on building your stash over time, and you choose your ongoing investment amount based on how much you want to put into bitcoin, whether weekly or some other periodic basis that is suitable to your investment increments.
Buying your Bitcoin to liquidate it at a preplanned date or price is never a lack of readiness as you claimed, and I tell you for free, buying and HODLing your Bitcoin doesn't also guarantee more earnings.
You free advice is correct in regards to their not being any guarantee in regards to the extent that bitcoin will continue be worth more with the passage of time, yet there can be a bit of a guarantee that if guys are ongoingly buying bitcoin then their bitcoin stash will continue to grow in size, so that if the price does end up going up at some point in the longer term, then they will have more units of bitcoin that would end up going up in their dollar value in the event that the dollar value of each unit ends up being higher in the future.
All that matters is: 1. Your striking price and 2. time (which could be smart).
This is a DCA thread, and an overwhelming majority of folks consider the BTC price to mostly not be relevant when they are investing using the DCA method.
In other words, the DCA buys are based on discretionary funds coming available that are authorized to buy bitcoin, so largely as soon as the funds are available then they can be used to buy bitcoin at whatever the BTC price happens to be at the time that they are bought.
Sure, some guys might try to play around with their buy window, since there would be an advantage to buy bitcoin cheaper if there is some ability to know that the BTC price might go down at some point within the buy window.. yet at the same time, it is likely that not very much energy needs to be spent on trying to figure out if a dip might happen or not, since with DCA, there is a bit of an ongoing presumption that the short term price of bitcoin is very difficult to know, so it is not a very valuable use of time and energy to try to figure out if the BTC price might go up or down.
I will grant you that every once in a while the BTC price is moving quite a lot in one direction or another, so then in those circumstances, a person who buys weekly might reasonably decide to wait to buy at some later point if the bitcoin price seems to be in a short-term free-fall.. Most of the time the BTC price is not moving a lot within obvious ways that a layman might be able to determine to wait, so it is probably better use of his time and energy to just buy at whatever point the price seems to be somewhat stable.. whether just stable for a few hours or whatever might be his way of trying to buy.
Another thing is that some folks need to buy manually, yet surely there can be ways to preset buys too, and I am not opposed to using tools that might tryto catch short term dips within reason, yet we cannot presume that all guys have those kinds of tools available to them to be able to set limited buy orders rather than manually buying at then market prices.
A snippet of that are those who bought in Q4 of 2022 and Q1 of 2023, and sold it in Q4 of 2025. They raced inline with the: 1. Price and 2. Season (time). However, this is not an abandonment of Bitcoin, but will reinvest at a later Time, with a better Price and Season (bullish). This is what I called smartness, as it maximises profit and lowers the risk of long-term exposure.
Not only are you off topic, you are looking at historical charts and proclaiming that guys (especially newbies) would be able to figure out when to buy and when to sell, and you are suggesting that bitcoin prices are guaranteed to move in accordance with some kind of a season.
You are presuming a lot.
Yeah, of course, we know that historical patterns can be seen, and I suppose that if we ask you, then you are going to proclaim that you were able to buy at the bottom, sell at the top and supposedly you have it figured out when to buy back again... or at least you think that you do.
Even though you have ONLY been registered here since July 2022, I recall you proclaiming that you had been trading prior to coming to the forum, but I cannot recall if you had gotten into bitcoin prior to coming to the forum.
You are also suggesting that you could have had beaten a pure buy and hold strategy.
Let's say for example, you are a person who is in his late 30s and you came to the forum and you had been making around $30k per year and you had other investments around $50k.. .so when you cam to bitcoin, you decided to invest 25% of your other investments (which would be $12,500) into bitcoin and to also just buy $100 per week of bitcoin (which is about 17.3% of your income).
Accordingly, perhaps with the $12,500 you spread your buys out to be $500 per week for 25 weeks, which would have had ended up getting you right around 0.65 BTC between July 16, 2022 and December 1, 2023.
You were also investing $100 per week of bitcoin from July 16, 2022 until present, which ended up causing you to invest a total of $19k and to have had accumulated 0.46 BTC.
Therefore, your total invested into bitcoin so far has been $31,500 and you had accumulated 1.11 BTC. Surely not a bad place to be even after ONLY a fairly short timeline of a little less than 4 years, even though you are wanting to proclaim that your system of fucking around and taking chances would have had done better? For sure, if we spread this matter out for 8 to 10 years or longer, you would have even greater difficulties to proclaim that you would have had gotten better results.
O.k. I will show the results.. for a similar kind of a situation for a 10 year timelins.
Similar situation. Guy comes to bitcoin January 1, 2016 with $12,500 and invests $500 per week for 25 week which would have had gotten him 28.8 BTC, and his $100 per week starting from January 1, 2016 would have caused him to invest $53k up until now and to have had accumulated 15.3 BTC.
So his total amount invested would have had been $65.5k, and his total bitcoin accumulated would have had been 34.1 BTC. You really think that a guy fucking around trying to trade bitcoin in that same time could have had even come close to those same kinds of results? I have a lot of doubts, even though you are trying to proclaim trading is smarter than investing..
Sure, without any proof, you seem to be arguing that even though fucking around with bitcoin trading would not have had provided better results, in the future, fucking around trading is going to be a better approach. You must have a mission to try to get normies to lose money or to gamble with what should be their investment.
[edited out
Of course, one should be interested in investing in Bitcoin, but the person whose plan is stronger and indicates better in the future is definitely the most interested in investing in Bitcoin. Only planning can strengthen Bitcoin investment,
so before investing in Bitcoin, one must plan well, so that Bitcoin investment can be sustained for a long time. And according to the DCA method, Bitcoin becomes easier to hold for a long time, so following the right plan and DCA method will definitely lead to success in Bitcoin investment.
You don't have to have a plan to get started or to have everything figured out.
To get started all you need is discretionary funds, and so you can start to buy and figure out your plan as you go.
It is problematic to proclaim that guys have to have everything figured out before getting started since if they have discretionary funds and common sense, then they can figure out how much to invest and various particulars as they go, and yeah, they are likely to make some mistakes along the way too... yet if they have common sense, they will likely realize that starting out slow and working their way up into more aggressive investing is probably a better way to get used to investing into bitcoin whether $100 per week, $10 per week or some other starting out amount and increment that also motivates them to learn more if they are already putting some money into bitcoin and also figuring out their own weekly budget.
They can learn
their 9 individual factors too, yet they don't have to have their individual factors figured out prior to getting started.
