Does the DCA strategy inspire newbies to invest?

[As-Soon-As]

The history of Bitcoin is a prove that whatever you put into it would become valuable when you hold longer , that's why investors pur their money into it to get more profits in the future because of it's history and believe that the value would keep improving as time goes by, it is that believe that gives them hope even when they know that profit is not guaranteed since it's a volatile asset whereas nobody knows what the future would be like.

It would be wrong to call it just trust. There is enough reason and logic behind it. Bitcoin gives people financial security. It ensures freedom. Bitcoin's limited supply works against inflation. Which increases demand over time but reduces supply. As a result, the price keeps rising. And its price fluctuations act like a filter that rewards those who have a long-term holding mentality.

In this situation, of course, investing is the most important, where every moment there is an opportunity for Bitcoin investors to buy. Currently, due to the dumping of Bitcoin prices, there is an opportunity to make a large investment, those who take advantage of this opportunity and hold Bitcoin for a long time for the future will be the only ones who are more likely to succeed. Bitcoin investment is quite suitable for eliminating the most economic shortages at the present time.
Because money is inflated, but Bitcoin works against inflation, which is why it is very important to hold Bitcoin for the future. You can follow the DCA method to maintain the continuity of purchases, it is very simple and it is easy to keep Bitcoin investments for a long time.

[JayJuanGee]

What you said is the fact, Bitcoin is a great asset and it's sad that most of us missed buying it earlier. During my research I figured out that Bitcoin reached $1 in 2011, fast forward to the price it is currently, even though someone invested as little as $50-100 in Bitcoin then the person wouldve made lots of profits currently if it's held till now, that's to tell you how valuable it became at time passed.

Well the good news is that there's still hope for those who missed the opportunities of the early years because we can employ the DCA buy according to what we can afford for discretionary funds and invest consistently for long then in a space of 10 to 15 years we'll still make very good profits.

Some people love luxury lifestyle cause they can afford it but anyone that's trying to secure wealth or more wealth through Bitcoin would learn to adjust from such lifestyle so as to be able to allocate more funds to the discretionary cause the more bigger your discretionary the more profits an investor stands to get in the future.

We can learn from previous case studies in which people invested 100$ or more in Bitcoin and with time there profit turns into millions of dollars. Now same thing is not possible and we must focus on what is possible right now. The possibility we have at our disposal is that if we keep investing in Bitcoin specially more at current dip then we can get good profit with time.

Consistency is really important in this matter. Bitcoin has shown for many times its strong long term potential, even those people put small amount just for start on Bitcoin could able to grow especially if they aim for more than a decade of investment.

What's challenging situation for people is those short time noises in the market, since we have seen several people if they are not get panic with the dumps, they get tempted to sell early and struggle to get back because they are afraid to buy especially if they think the current price of Bitcoin is so high.

There's really no difference with those expensive and mid tier phones, since functionality still the same not unless if they are using that for business purposes. If not much better if they spend it on their investment especially on Bitcoin because in future there's more chance that they can earn more money, while if they buy it on phone the value will depreciate and they get nothing with it at the end.

If you are long term investor and you are investing right now with target Bitcoin price of 200,000$ or 250,000$ then it matters a little that price is at 100,000$ or at 70,000$. If you have this mindset only then you will stay consistent with your Bitcoin investment otherwise if you look at Bitcoin price on daily basis then you won't be able to invest for long.

To me it seems that the relevant question is where do I put my value that has decently good chances of appreciating in value greater than the debasement rate of fiat, and to compare bitcoin as compared with other places that time, energy and value can be placed.  It seems that even if the future is not known, bitcoin still remains a great place to put time, energy and value, even if BTC's price appreciation curve is likely not to be as steep as it had been in years gone by.  We still are stuck with where we are at, since we cannot turn back the clocks of time.

In regards to having a price target, that seems a bit of a trader mentality, even though surely with any investment we consider both time targets and perhaps a range of prices that could end up playing out within our time targets.

And, so maybe a guy in his mid-30s might consider that he will be investing around 15 to 20 years or perhaps more, yet he still might consider som potential changes in his plans if the investment ends up performing better than his anticipations and perhaps in the event that it appears that the income from the investment could sustainably replace the income that he had been receiving from work, so in that sense, if there is a potential for his income to be replaced without having to continue to work, then he might choose a path of either quitting his work or greatly reducing the quantity of his time that he is spending working in his current job, and sure there could be some choices in regards to changes in the kind of work, too..

[edited out]

In Bitcoin investment, you are independent and the matter of goods and services is very simple. You are not investing Bitcoin but holding for the buy something it's your choice. But do one or two cycles (4-10 years) for Bitcoin accumulation. During this period, if you use the DCA method for Bitcoin accumulation, you will have a sufficient amount of Bitcoin holding in your portfolio. It is wise to use funds that are actually worth losing through the DCA method and discretionary income strategies for Bitcoin accumulation. For your financial well being and to be free from the effects of inflation accumulation Bitcoin is a great investment plan compared to holding excess fiat reserves.

It seems that fiat is guaranteed to lose value with the passage of time.

Part of bitcoin's value proposition comes from the ongoing likelihood that fiat is continuing to lose value, and that bitcoin's supply schedule is exacly known, whereby the exact supply schedule of fiat is not known with precision in advance, even though we likely realize that banks and  governments are incentivized to continue to produce more and more and more fiat in order to try to paper over the various deficiencies that come from ongoingly and historically printing in order to attempt to cover-up distribution of wealth and productivity issues.

[MusaPk]

To me it seems that the relevant question is where do I put my value that has decently good chances of appreciating in value greater than the debasement rate of fiat, and to compare bitcoin as compared with other places that time, energy and value can be placed.  It seems that even if the future is not known, bitcoin still remains a great place to put time, energy and value, even if BTC's price appreciation curve is likely not to be as steep as it had been in years gone by.  We still are stuck with where we are at, since we cannot turn back the clocks of time.

One thing we all agree is that keeping your savings in fiat is not a good idea. We need to invest in assets that increases there value with time. We will keep our focus on Bitcoin because thats why this forum and thread is created.

Bitcoin has shown enormous growth in the past and it may or may show such enormous growth in coming years but still we have consent that Bitcoin will give decent return in future provided we keep on investing and wait patiently. Bitcoin price is down now     

And, so maybe a guy in his mid-30s might consider that he will be investing around 15 to 20 years or perhaps more, yet he still might consider som potential changes in his plans if the investment ends up performing better than his anticipations and perhaps in the event that it appears that the income from the investment could sustainably replace the income that he had been receiving from work, so in that sense, if there is a potential for his income to be replaced without having to continue to work, then he might choose a path of either quitting his work or greatly reducing the quantity of his time that he is spending working in his current job, and sure there could be some choices in regards to changes in the kind of work, too..

Bitcoin investment is open for everyone regardless of their age but those who are in there 20s or 30s and fully understand prospects of Bitcoin investment have that opportunity of getting financial freedom before they celebrate there 40 or 50 birthday.

We take example of a young guy who is 25 years old and just started his job. He plans to invest 100$ per week into Bitcoin and with time he invest more whenever there is dip or he gets some bonus from job. Then by the time that guy celebrate his 40th birthday then he can plan an early retirement because he has invested around 78000$ in Bitcoin (100$ per week for 15 years). The amount will be more if he invest more during the dips or whenever he has some extra money. If he is getting some decent profit on that investment then that money is enough for him to quit his job or at least cut his working hours in my country i.e. Pakistan.

[JayJuanGee]

To me it seems that the relevant question is where do I put my value that has decently good chances of appreciating in value greater than the debasement rate of fiat, and to compare bitcoin as compared with other places that time, energy and value can be placed.  It seems that even if the future is not known, bitcoin still remains a great place to put time, energy and value, even if BTC's price appreciation curve is likely not to be as steep as it had been in years gone by.  We still are stuck with where we are at, since we cannot turn back the clocks of time.

One thing we all agree is that keeping your savings in fiat is not a good idea. We need to invest in assets that increases there value with time. We will keep our focus on Bitcoin because thats why this forum and thread is created.

Sure. One thing is thinking about assets and/or investments in terms of gaining value, yet another thing is to consider assets in terms of not losing value.  You remember one of Saylor's early talking points regarding why he and/or MSTR had entered into bitcoin, which related to his perception that staying in fiat was like being invested in a melting ice cube.

Bitcoin has shown enormous growth in the past and it may or may show such enormous growth in coming years but still we have consent that Bitcoin will give decent return in future provided we keep on investing and wait patiently. Bitcoin price is down now

Sure. Overall, there seem to be a reasonable expectation that bitcoin will not ONLY offset the debasement of the dollar but also appreciate on its own beyond (and in spite of) such debasement. 

Since bitcoin is not a mature asset, the arguments of early adoption supplement other fundamental aspects about bitcoin (such as scarcity and debasement arguments).

     

And, so maybe a guy in his mid-30s might consider that he will be investing around 15 to 20 years or perhaps more, yet he still might consider som potential changes in his plans if the investment ends up performing better than his anticipations and perhaps in the event that it appears that the income from the investment could sustainably replace the income that he had been receiving from work, so in that sense, if there is a potential for his income to be replaced without having to continue to work, then he might choose a path of either quitting his work or greatly reducing the quantity of his time that he is spending working in his current job, and sure there could be some choices in regards to changes in the kind of work, too..

Bitcoin investment is open for everyone regardless of their age but those who are in there 20s or 30s and fully understand prospects of Bitcoin investment have that opportunity of getting financial freedom before they celebrate there 40 or 50 birthday.

We take example of a young guy who is 25 years old and just started his job. He plans to invest 100$ per week into Bitcoin and with time he invest more whenever there is dip or he gets some bonus from job. Then by the time that guy celebrate his 40th birthday then he can plan an early retirement because he has invested around 78000$ in Bitcoin (100$ per week for 15 years). The amount will be more if he invest more during the dips or whenever he has some extra money. If he is getting some decent profit on that investment then that money is enough for him to quit his job or at least cut his working hours in my country i.e. Pakistan.

Surely that seems reasonable for any young person (such as a guy in his mid-20s) to pursue to the extent that he is able to consistently stay focused, including making sure that he is continuing to stay employed (or otherwise making sure that he has income that is coming in that exceeds his expenses to a high enough amount that he can reasonably keep his DCA (and other additional purchases like you mentioned) ongoingly taking place).

Even with the high stakes of investing, normies will sometimes lose their focus and/or get tempted into tapping into their investment (in this case bitcoin) way earlier than they should be tapping into it... so it can remain quite challenging (even with high stakes) for guys to ongoingly, persistently and consistently stay focused over a period of 15 years or so.

[Taskford]

     
Bitcoin investment is open for everyone regardless of their age but those who are in there 20s or 30s and fully understand prospects of Bitcoin investment have that opportunity of getting financial freedom before they celebrate there 40 or 50 birthday.

We take example of a young guy who is 25 years old and just started his job. He plans to invest 100$ per week into Bitcoin and with time he invest more whenever there is dip or he gets some bonus from job. Then by the time that guy celebrate his 40th birthday then he can plan an early retirement because he has invested around 78000$ in Bitcoin (100$ per week for 15 years). The amount will be more if he invest more during the dips or whenever he has some extra money. If he is getting some decent profit on that investment then that money is enough for him to quit his job or at least cut his working hours in my country i.e. Pakistan.

Surely that seems reasonable for any young person (such as a guy in his mid-20s) to pursue to the extent that he is able to consistently stay focused, including making sure that he is continuing to stay employed (or otherwise making sure that he has income that is coming in that exceeds his expenses to a high enough amount that he can reasonably keep his DCA (and other additional purchases like you mentioned) ongoingly taking place).

Even with the high stakes of investing, normies will sometimes lose their focus and/or get tempted into tapping into their investment (in this case bitcoin) way earlier than they should be tapping into it... so it can remain quite challenging (even with high stakes) for guys to ongoingly, persistently and consistently stay focused over a period of 15 years or so.

Its so true that the hardest part is not about buying because anyone can actually do this, but rather on how they can stay consistent for many years because there are lots of situation will challenge us.

But if they can able to maintain their income and spend only according on their needs also they will not get tempted to sell or cashout early, that DCA strategy will really work for them.

Everything here is about discipline and that 15 years may really sounds long, but if they build good habit then stick with our plan we have good chance to succeed and we provably won't get bored for consistently dealing with our investment for many months or years.

[JayJuanGee]

     
Bitcoin investment is open for everyone regardless of their age but those who are in there 20s or 30s and fully understand prospects of Bitcoin investment have that opportunity of getting financial freedom before they celebrate there 40 or 50 birthday.

We take example of a young guy who is 25 years old and just started his job. He plans to invest 100$ per week into Bitcoin and with time he invest more whenever there is dip or he gets some bonus from job. Then by the time that guy celebrate his 40th birthday then he can plan an early retirement because he has invested around 78000$ in Bitcoin (100$ per week for 15 years). The amount will be more if he invest more during the dips or whenever he has some extra money. If he is getting some decent profit on that investment then that money is enough for him to quit his job or at least cut his working hours in my country i.e. Pakistan.

Surely that seems reasonable for any young person (such as a guy in his mid-20s) to pursue to the extent that he is able to consistently stay focused, including making sure that he is continuing to stay employed (or otherwise making sure that he has income that is coming in that exceeds his expenses to a high enough amount that he can reasonably keep his DCA (and other additional purchases like you mentioned) ongoingly taking place).

Even with the high stakes of investing, normies will sometimes lose their focus and/or get tempted into tapping into their investment (in this case bitcoin) way earlier than they should be tapping into it... so it can remain quite challenging (even with high stakes) for guys to ongoingly, persistently and consistently stay focused over a period of 15 years or so.

Its so true that the hardest part is not about buying because anyone can actually do this, but rather on how they can stay consistent for many years because there are lots of situation will challenge us.

But if they can able to maintain their income and spend only according on their needs also they will not get tempted to sell or cashout early, that DCA strategy will really work for them.

Everything here is about discipline and that 15 years may really sounds long, but if they build good habit then stick with our plan we have good chance to succeed and we provably won't get bored for consistently dealing with our investment for many months or years.

From personal experience, I believe that when guys spend many years investing, even though they are ongoingly putting money away through many years, they still are able to improve their lives and their lifestyle, even if they had not yet reached their goal...so let's say that a guy practically believes that it is going to take him at least 15 years of solid and ongoing investment and perhaps even 20 years to reach his goal of being able to quit his job and to completely live off of his bitcoin, yet it seems to me that evey when he is half way through the goal, he likely can feel that he is getting richer, even though he is engaging in discipline to not withdraw from his investment and he is continuing to add to it.

Yeah 15 years might seem like a long time, yet many of us likely have heard about folks in traditional investment systems who invested all of their lives in times of something like 30-40 years or more, yet they still never were able to reach fuck you status (meaning a position in which they could quit their job and live off of their investment), yet bitcoin seems to bring the possibility to anyone and/or everyone who is able to generate discretionary income to have  the possibility of reaching such fuck you status in something like half of the time that tended to be possible in traditional systems with the caveat that traditional systems still ended up not being able to reach such fuck you status.

Don't get me wrong.  Even in bitcoin it is not guaranteed to reach fuck you status, even if we do everything perfectly, even though it seems that bitcoin remains one of the best, if not the best, of options that is currently available to everyone and anyone, as long as they can figure out ways to generate discretionary funds.

[Oshio-man]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Reason why newbies use DCA for investing in bitcoin, this is because it’s the simplest way of investing bitcoin. And they fell more comfortable using the DCA method. However, not only beginners, even the professionals use DcA method of investing in bitcoin.

Because it’s very simpler, and they can be able to understand how much they have invested and how much have been added to it what they have invested easily calculating it through USDT, so beginners really like it that way.

To accumulate bitcoin that will create opportunity for you in the bullish season, you have to budget little funds as a capital because bullish is a good season many long term holders feel like releasing their bitcoin for sale and it will turn to huge income to them, but even though newbies want to make use of the dollar cost average (DCA) to accumulate bitcoin, they should make use of what they can afford to lose in bitcoin accumulate method because bitcoin investment is different from other investments and it requires knowledge to be profitable from holding bitcoin, that is what newbies like to see on the time when the bitcoin in their wallets is accumulating because it will look like magic to them but once they become expert in that accumulating system it will make them to understand how to maintain consistent earning income from bitcoin.

[JayJuanGee]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Reason why newbies use DCA for investing in bitcoin, this is because it’s the simplest way of investing bitcoin. And they fell more comfortable using the DCA method. However, not only beginners, even the professionals use DcA method of investing in bitcoin.

Because it’s very simpler, and they can be able to understand how much they have invested and how much have been added to it what they have invested easily calculating it through USDT, so beginners really like it that way.

To accumulate bitcoin that will create opportunity for you in the bullish season, you have to budget little funds as a capital because bullish is a good season many long term holders feel like releasing their bitcoin for sale and it will turn to huge income to them

This thread is about investing and not trading.  It says investing right in the title, and if you sell bitcoin when the price goes up, you are trading, not investing - which means you are off topic to be talking about trading in this thread.

, but even though newbies want to make use of the dollar cost average (DCA) to accumulate bitcoin, they should make use of what they can afford to lose in bitcoin accumulate method because bitcoin investment is different from other investments and it requires knowledge to be profitable from holding bitcoin

What knowledge is needed?  If a guy has an investment timeline of 4-10 years or longer, then he can just ongoingly buy, and great volatility does not hamper the investment as long as the overall trend during the investment timeline is tending to go up.. which  truly has been the situation historically, and there is no evidence to show that bitcoin's investment thesis is getting weaker, even though surely the price slope may well not be as steep to the upside as it has been historically... yet even if BTC's price slope is not as steep to the upside that does not justify trying to fuck around guessing about whether or not to buy bitcoin on a regular basis .. which is the underlying idea of DCA investing...

In other words, DCA can play out as a somewhat blind method of investing that does not create any obligations to monitor, analyze and/or research into short term changes in the various underlying battles and/or to attempt to overly focus on which way the BTC price may or may not go in the short-to-medium term so long as the BTC price has decently good odds of continuing in an overall upward tendency in the upcoming 4-10 years or longer, depending on the investment time horizon that the investor is choosing. 

You seem to be lost Oshio-man... It's like you are in the wrong thread and forgetting that we are talking about both DCA and investing here.. not trading or fucking around trying to analyze if the price miight go up, down or sideways in the short-to-medium term.

, that is what newbies like to see on the time when the bitcoin in their wallets is accumulating because it will look like magic to them but once they become expert in that accumulating system it will make them to understand how to maintain consistent earning income from bitcoin.

DCA is about building up a bitcoin holdings, and not necessarily about earning an income. 

Sure, maybe later down the road the investor's bitcoin holdings might grow so large that he might transition out of his bitcoin accumulation stage into a maintenance stage and then perhaps even later he might enter into some kind of sustainable withdrawal from bitcoin, yet those future stages are way down the road as compared with the bitcoin accumulation stage that is involving DCA techniques and could take years and years and years before the investor might get to a point that he comes to a conclusion that he is starting to have enough bitcoin and perhaps even more than enough bitcoin that might bring him to a point that he might be able to transition into selling.. yet you are seeming to get way ahead of yourself in terms of your wanting to talk about selling as a form of trading rather than investing, and perhaps you don't even realize that your focus on "profit taking" is a trading idea rather than an investing idea.

[Sunshine1525]

This thread is about investing and not trading.  It says investing right in the title, and if you sell bitcoin when the price goes up, you are trading, not investing - which means you are off topic to be talking about trading in this thread.

It good you corrected him on that, apart from going against the point of discussion, someone that's still very new in his accumulation stage shouldn't be bothered about releasing Bitcoin, at that stage the person should be accumulating aggressively but with caution so it won't be overdone.

It's traders who care about releasing their coin when they've not reached their target or even held for a very long period whereby they'll consider seling some portions, moreover this ain't trading discussion where people discuss about taking huge risk in form of predicting whether the market would go long or short and how to profit in short-term period.

[LastKiss]

The trend up of Bitcoin inspired my friend to invest in it. He asked me how to invest in Bitcoin and what strategy I use. I told him it's similar to investing in stocks, since he had invested in stocks before. In my case, the way Bitcoin price kept rising inspired him to start knowing about Bitcoin. In 2021, he moved all of his stock holdings into Bitcoin using a DCA strategy. Last year, he sold 50% of his Bitcoin holdings to buy a house. I congratulated him and asked why he didn’t sell everything, he answered that no one knows if we will ever have a buying opportunity like the prices in 2021 again.

In my opinion, how the price moves is what inspires people to invest. Later, we can choose the strategy that suits us the most.

[B-BossMan]

DCA is about building up a bitcoin holdings, and not necessarily about earning an income. 

Sure, maybe later down the road the investor's bitcoin holdings might grow so large that he might transition out of his bitcoin accumulation stage into a maintenance stage and then perhaps even later he might enter into some kind of sustainable withdrawal from bitcoin, yet those future stages are way down the road as compared with the bitcoin accumulation stage that is involving DCA techniques and could take years and years and years before the investor might get to a point that he comes to a conclusion that he is starting to have enough bitcoin and perhaps even more than enough bitcoin that might bring him to a point that he might be able to transition into selling.. yet you are seeming to get way ahead of yourself in terms of your wanting to talk about selling as a form of trading rather than investing, and perhaps you don't even realize that your focus on "profit taking" is a trading idea rather than an investing idea.

Exactly..... Many people or newbies rather failed to understand how the DCA strategies works, the Bitcoin DCA strategy today have helped many people/investors today by gradually building thier strong portfolios without the market price predictions perfectly. DCA is just a method, you don't need to worry or bother about weather the bitcoin price is high or low, just have a fix amount of money for a period over time. A lots of investors today have benefited from the dollar cost Average, the reason behind it was just accumulation of bitcoin gradually during raising and falling markets. So when the bitcoin price fall, the fixed investment purchases more bitcoin, and when the price rise up, the Bitcoin portfolio grows higher, however this actually encourages the DCA discipline towards long-term growth rather than short-term. Moreover the must for the many investors goals on Dollar cost Average is just accumulation instead of quick profits. Over several years then people who bought it regularly have now become a meaningful Bitcoin holding, so DCA method reduces volatility risks and assist us to build a Bitcoin portfolio over time. The best thing is learning how to exercise Patience

[Hardyrobust]

The history of Bitcoin is a prove that whatever you put into it would become valuable when you hold longer , that's why investors pur their money into it to get more profits in the future because of it's history and believe that the value would keep improving as time goes by, it is that believe that gives them hope even when they know that profit is not guaranteed since it's a volatile asset whereas nobody knows what the future would be like.

It would be wrong to call it just trust. There is enough reason and logic behind it. Bitcoin gives people financial security. It ensures freedom. Bitcoin's limited supply works against inflation. Which increases demand over time but reduces supply. As a result, the price keeps rising. And its price fluctuations act like a filter that rewards those who have a long-term holding mentality.

In this situation, of course, investing is the most important, where every moment there is an opportunity for Bitcoin investors to buy. Currently, due to the dumping of Bitcoin prices, there is an opportunity to make a large investment, those who take advantage of this opportunity and hold Bitcoin for a long time for the future will be the only ones who are more likely to succeed. Bitcoin investment is quite suitable for eliminating the most economic shortages at the present time.
Because money is inflated, but Bitcoin works against inflation, which is why it is very important to hold Bitcoin for the future. You can follow the DCA method to maintain the continuity of purchases, it is very simple and it is easy to keep Bitcoin investments for a long time.

The market offers more buying opportunities now but this doesn't mean that those that doesn't have the opportunity to buy now maybe as a result of not having discretionionary income or those that doesn't have large amounts of discretionionary funds to do lump sum aren't opportune to succeed in bitcoin. The most important thing is being consistent with our bitcoin accumulation using the DCA strategy and buy only when there is available discretionary income or extra cash. At the end of our investment timeline we may end up accumulating a reasonable amount of bitcoin in our holdings and still succeed so it is not just those that have the money to buy large amounts of bitcoin during bear season that are opportune to succeed.

[Obulis]

The history of Bitcoin is a prove that whatever you put into it would become valuable when you hold longer , that's why investors pur their money into it to get more profits in the future because of it's history and believe that the value would keep improving as time goes by, it is that believe that gives them hope even when they know that profit is not guaranteed since it's a volatile asset whereas nobody knows what the future would be like.

It would be wrong to call it just trust. There is enough reason and logic behind it. Bitcoin gives people financial security. It ensures freedom. Bitcoin's limited supply works against inflation. Which increases demand over time but reduces supply. As a result, the price keeps rising. And its price fluctuations act like a filter that rewards those who have a long-term holding mentality.

Bitcoin gives us freedom we don't get when we hold fiat. Bitcoin is the only money we need to hold if we want to have a sustainable investment that serves as an exchange for goods and services. If we can use Bitcoin to buy a product online and get it shipped to our different locations, it is seen as money which is the most interesting part about holding and investing in Bitcoin.
We don't need to keep millions and billions of dollars in the bank when it's not going to appreciate for as long as we are holding it. The bank can only compensate us with small interest for using the money to do business and giving us tiny interest on profits they will be making.

I believe everyone has their reason they are Investing in Bitcoin but as for me, I'm not investing in Bitcoin simply because I want to use it to buy something or product online but rather I am investing to have a considerable amount of it in my portfolio and so in the future I can use it to do whatever thing may appears or seem necessary. Have you imagine one day looking at your portfolio to see how much or the number of sats you have accumulated? But the most important thing is using what you can actually afford to lose to accumulate this sats.

You are correct that people have different reasons why they buy Bitcoin (trading, holding, purchase of items online and so on) but for me  I think buying to build a passive income is the best that's long-term investment venture. I hope for that one day to come that I will look into my portfolio and smiles of joy seeing the accumulated Bitcoin.

[cxtreenal]

You are correct that people have different reasons why they buy Bitcoin (trading, holding, purchase of items online and so on) but for me  I think buying to build a passive income is the best that's long-term investment venture. I hope for that one day to come that I will look into my portfolio and smiles of joy seeing the accumulated Bitcoin.

The main reason for investing in Bitcoin is to make a profit, but the question is when will you chase the profit? If you start saving Bitcoin thinking that your goal is short term and sell when the price increases compared to the buying price, it is a kind of gambling/trading. You can have a holding attitude and I think that you will sell at a convenient position after accumulating a suitable amount of holding. This is also trading and risky.

By investing in Bitcoin, you will create a profitable position but to reach that point, you need to set a time frame such as adopting a multiple cycle or a 4-10 year continuous accumulation strategy. You can apply the strategy of buying Bitcoin with the amount of funds you have available but it will not be able to create a permanent position for a long time investment.

You need to start the journey with a long term investment strategy and accumulate Bitcoin through discretionary income to reach the end because continuous buying of Bitcoin with consistent income is great for growing your portfolio.

[Joeboy]

The trend up of Bitcoin inspired my friend to invest in it. He asked me how to invest in Bitcoin and what strategy I use. I told him it's similar to investing in stocks, since he had invested in stocks before.

Bitcoin are not similar with Stock. Stocks are centralized and Bitcoin are decentralized...

In my case, the way Bitcoin price kept rising inspired him to start knowing about Bitcoin. In 2021, he moved all of his stock holdings into Bitcoin using a DCA strategy. Last year, he sold 50% of his Bitcoin holdings to buy a house. I congratulated him and asked why he didn’t sell everything, he answered that no one knows if we will ever have a buying opportunity like the prices in 2021 again.

In my opinion, how the price moves is what inspires people to invest. Later, we can choose the strategy that suits us the most.

Your friend definitely would have put himself in a much better position than he is now if he had held on to a greater percentage of his holdings ...And you even seem to have no problem  with your friend trading his Bitcoin, since you even asked why he didn't sell everything..

[SuperBitMan]

This thread is about investing and not trading.  It says investing right in the title, and if you sell bitcoin when the price goes up, you are trading, not investing - which means you are off topic to be talking about trading in this thread.

It good you corrected him on that, apart from going against the point of discussion, someone that's still very new in his accumulation stage shouldn't be bothered about releasing Bitcoin, at that stage the person should be accumulating aggressively but with caution so it won't be overdone.

Yes you are right, before you will start accumulating aggressively make sure you have something’s in place so you won’t make mistakes, I do accumulate aggressively when there’s a dip and the reason why I do that is because I have a very strong and good backup funds, with my backup funds in place I can’t be in a position I will dip hands into my bitcoin investment, so who ever that is accumulating bitcoin aggressively should be very careful because if you are not careful you will end up crashing your bitcoin investment so please make sure you have very good backup funds such as emergency, reserve and float funds, it will help keep your investment safe when you are being aggressive, backup funds serve as a safe net for Bitcoin investors.

[Sonia_123]

DCA strategy remains more beneficial and easy for newbies and other investors to accumulate because it enables investors to buy good quantity of bitcoin which ordinarily you would not be able to buy without using DCA

Using dca help you grow your bitcoin holdings effectively and efficiently without stress and pressure of buying bigger quantities once  for those that have smaller amount of of their discretionary income .

[JayJuanGee]

This thread is about investing and not trading.  It says investing right in the title, and if you sell bitcoin when the price goes up, you are trading, not investing - which means you are off topic to be talking about trading in this thread.

It good you corrected him on that, apart from going against the point of discussion, someone that's still very new in his accumulation stage shouldn't be bothered about releasing Bitcoin, at that stage the person should be accumulating aggressively but with caution so it won't be overdone.

It's traders who care about releasing their coin when they've not reached their target or even held for a very long period whereby they'll consider seling some portions, moreover this ain't trading discussion where people discuss about taking huge risk in form of predicting whether the market would go long or short and how to profit in short-term period.

Yeah.. member @Oshio-man has ONLy been registered here for less than 2 years, so it is difficult to imagine very many scenarios in which selling bitcoin makes sense, even if he might have had been able to lump sum in and get a lot of his coins in the lower $50ks.. it would hardly even make sense to stop accumulating bitcoin, even if the BTC price were to go up to $150k.. but yeah, guys seem to have difficulties getting themselves out of trading mindsets, even when this topic is about investing and even building up the bitcoin stack over time, which surely there are likely a lot of guys who have less than 2 years investing that are still in the negative, especially if they had been DCAing in accordance with the ideas of this thread.

Even a guy who had invested steadily and on a weekly basis over the past two years, would have an average cost per BTC in the ballpark of $82k, so the BTC holdings would not exactly be profitable at this time, even though a guy investing steadily and on a weekly basis for the past three years would have an average cost of around $54k... .. so sometimes there can be periods in which the BTC holdings are not in profits, yet at the same time, the stack size might not be large enough to transition into some other accumulation technique, and DCA will likely to continue to make the most sense to build up a stash over time, even though there could be some time periods along the way in which some guys might, from time to time, come across extra income that they are able to lump sum buy extra amounts of BTC with their extra amounts.

The trend up of Bitcoin inspired my friend to invest in it. He asked me how to invest in Bitcoin and what strategy I use. I told him it's similar to investing in stocks, since he had invested in stocks before. In my case, the way Bitcoin price kept rising inspired him to start knowing about Bitcoin. In 2021, he moved all of his stock holdings into Bitcoin using a DCA strategy. Last year, he sold 50% of his Bitcoin holdings to buy a house. I congratulated him and asked why he didn’t sell everything, he answered that no one knows if we will ever have a buying opportunity like the prices in 2021 again.

In my opinion, how the price moves is what inspires people to invest. Later, we can choose the strategy that suits us the most.

That 4 year investment timeline does still sound like a short period to invest in bitcoin and to end up selling half of the stash, yet it seems to be better than if he had sold higher amounts.

The better situation would have had been to stay invested longer and to sell even lower amounts, since it can take a bit of time to both build up the bitcoin investment and then have the advantages of the compounding value that may well come along the way, even though even the compounding value is not guaranteed to play out...,so, yeah, guys have to make choices and then to suffer the consequences of their choices whether it ends up working out good, bad or otherwise for them.

You are correct that people have different reasons why they buy Bitcoin (trading, holding, purchase of items online and so on) but for me  I think buying to build a passive income is the best that's long-term investment venture. I hope for that one day to come that I will look into my portfolio and smiles of joy seeing the accumulated Bitcoin.

The main reason for investing in Bitcoin is to make a profit,

You seem to be referring to trading.

but the question is when will you chase the profit? If you start saving Bitcoin thinking that your goal is short term and sell when the price increases compared to the buying price, it is a kind of gambling/trading. You can have a holding attitude and I think that you will sell at a convenient position after accumulating a suitable amount of holding. This is also trading and risky.

By investing in Bitcoin, you will create a profitable position but to reach that point, you need to set a time frame such as adopting a multiple cycle or a 4-10 year continuous accumulation strategy. You can apply the strategy of buying Bitcoin with the amount of funds you have available but it will not be able to create a permanent position for a long time investment.

You seem to negate your earlier assertion.. since if you are investing 4-10 years or longer you might not be so focused on profits, even though sure in the end, you hope that your bitcoin generally goes up and gives you more options, yet you also likely realize that your investment is not guaranteed to go up.. .. so you might not be so focused on profits even though the bitcoin ends up hopefully holding a good amount of value by the time you start to consider if you should no longer be accumulating it but instead potentially starting to withdraw from it.. perhaps greater than a couple of cycles  down the road.. dpending on where you are at financially and various other goals that you might have.. that also might not be focused exactly on profits... especially if you might start to consider starting some form of sustainable withdraw system.

Of course, the more that the bitcoin had gone up in value over the years, then the more likely that any sustainable withdrawal amounts would be larger rather than small.. .yet the concern still might be how much can be withdrawn from the bitcoin holdings and  the extent to which the amount withdrawn is sustainable versus if the amounts withdrawn would be depleting the principle.

You need to start the journey with a long term investment strategy and accumulate Bitcoin through discretionary income to reach the end because continuous buying of Bitcoin with consistent income is great for growing your portfolio.

Of course, ongoing increasing of the quantity of units of bitcoin (whether satoshis or bitcoin or some other unit) does end up putting a bitcoin holder (accumulator) in a good place to be advantaged in circumstances that he had accumulated decent quantities of bitcoin and the BTC price might end up going up at a later date.

The trend up of Bitcoin inspired my friend to invest in it. He asked me how to invest in Bitcoin and what strategy I use. I told him it's similar to investing in stocks, since he had invested in stocks before.

Bitcoin are not similar with Stock. Stocks are centralized and Bitcoin are decentralized...

In my case, the way Bitcoin price kept rising inspired him to start knowing about Bitcoin. In 2021, he moved all of his stock holdings into Bitcoin using a DCA strategy. Last year, he sold 50% of his Bitcoin holdings to buy a house. I congratulated him and asked why he didn’t sell everything, he answered that no one knows if we will ever have a buying opportunity like the prices in 2021 again.

In my opinion, how the price moves is what inspires people to invest. Later, we can choose the strategy that suits us the most.

Your friend definitely would have put himself in a much better position than he is now if he had held on to a greater percentage of his holdings ...And you even seem to have no problem  with your friend trading his Bitcoin, since you even asked why he didn't sell everything..

Hahahaha

You are correct. some folks do seem a wee bit lost, and lacking in long term perspective.

it is hard to consider too many scenarios in which a guy would have had been greatly advantaged by selling half of his bitcoin in merely 4 years in order to buy a house, even though surely there are a lot of folks who are pressured into wanting to buy a house, and so they may well end up sacrificing a decent amount of financial prudence (and/or smartness) in order to accomplish their objective.

[Sim_card]

Yes you are right, before you will start accumulating aggressively make sure you have something’s in place so you won’t make mistakes, I do accumulate aggressively when there’s a dip and the reason why I do that is because I have a very strong and good backup funds, with my backup funds in place I can’t be in a position I will dip hands into my bitcoin investment, so who ever that is accumulating bitcoin aggressively should be very careful because if you are not careful you will end up crashing your bitcoin investment so please make sure you have very good backup funds such as emergency, reserve and float funds, it will help keep your investment safe when you are being aggressive, backup funds serve as a safe net for Bitcoin investors.

I think accumulating bitcoin aggressively, can be done anytime and not only during the dip because we have our discretionary income to invest with. Provided that you didn't accumulate bitcoin outside your discretionary income is fine, it becomes a problem and an obstacle towards your bitcoin portfolio growth if you buy over aggressively.

Some people think that the dip is the only way to invest aggressively, what if there's no dip, it means that you wouldn't invest aggressively when you can. However, everyone has his decisions to make when to buy aggressively. Of course, when you have reached the stage that you backup funds have been built, you will be more free to invest aggressively based on your financial scenario playing out at that moment.

[LastKiss]

Bitcoin are not similar with Stock. Stocks are centralized and Bitcoin are decentralized...


Your friend definitely would have put himself in a much better position than he is now if he had held on to a greater percentage of his holdings ...And you even seem to have no problem  with your friend trading his Bitcoin, since you even asked why he didn't sell everything..

Sorry.. I mean the common strategy we can use when investing in Bitcoin, from what I know, it’s not too far different from investing in stocks (CMIIW, cause I never invest in stock) because my friend used to invest in stocks, but now he has moved all of his assets from stocks to crypto mainly Bitcoin.

I’m just curious about the reason behind his decision because holding for the long term isn’t easy. Maybe he did that because he already has experience in investing before.

That 4 year investment timeline does still sound like a short period to invest in bitcoin and to end up selling half of the stash, yet it seems to be better than if he had sold higher amounts.

The better situation would have had been to stay invested longer and to sell even lower amounts, since it can take a bit of time to both build up the bitcoin investment and then have the advantages of the compounding value that may well come along the way, even though even the compounding value is not guaranteed to play out...,so, yeah, guys have to make choices and then to suffer the consequences of their choices whether it ends up working out good, bad or otherwise for them.

Well, It doesn’t mean he stopped buying though, from what I know, he still buys when he thinks a good opportunity comes.

That’s why I’m asking about his decision, I think this might be what he believes cause no one knows what will happen in the future whether things will become very good or bad..., He’s probably afraid that if he sells everything he might never get a better price than when he first bought his Bitcoin.