Balancing Financial security and Bitcoin Accumulation

[Futurexxx]

This is why it is necessary to have faith in Bitcoin, if you cannot have complete faith in Bitcoin, then you will definitely not be able to hold Bitcoin effectively. Because you can get scared at the slightest volatility, due to which you can make the wrong decision and sell Bitcoin, which will lead us to failure.

Having faith in Bitcoin is quite ok, but I don't think that it's enough to make you develop a strong holding hands, because you will be forced to sell prematurely even when you never wanted to sell when emergency struck, so for you to develop a strong holding hands, you must put down measures like emergency and reserve funds in place, so that if emergency situation arises, you will not be forced to sell when you never wanted to, because you may have faith and complete trust in Bitcoin and still sell prematurely if you do not have an emergency or reserve funds in place. So take note that having faith alone can't help you hold strong if you have no emergency or reserve funds in place.

[Silikiem]

I agree with you. People can have $100 per week as discretionary income but can started to be panic if the market turns red when they used every of their discretionary income to ongoingly invest. This panic can make them to be tapping from their bitcoin which is so dumb since it can fuck up the person investment.

To use discretionary income to ongoingly invest is a different thing from using the amount that can afforded to loose. So everyvody have to pick a position size that they can afforded to loose. At the same time they haved to pick the amount can aid them to ongoingly invest in bitcoin for the long time

A panic investor will panic no matter how much he has in his portfolio. However, there is some level to these things. A whale investor cannot panic if his plan is the long-term plan. Technically, a whale know the influence they have on the market, such investor cannot panic when the market is going down. They know their worth that is why they are the big shot in the market.

This is why it is necessary to have faith in Bitcoin, if you cannot have complete faith in Bitcoin, then you will definitely not be able to hold Bitcoin effectively. Because you can get scared at the slightest volatility, due to which you can make the wrong decision and sell Bitcoin, which will lead us to failure. That is why you have to plan, whether you can basically hold it for the long term, whether you have the ability and mentality for it. If someone invests without a plan, he will also be scared at some stage, but if you can first gain enough faith and understand the long-term potential of Bitcoin, then such volatility will not be able to put you in fear or panic, and you can remain stable towards your goal with your confidence.

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

[Ngozi26]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

[Brizi5000]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

profit is not a guarantee in bitcoin investment due to how highly volatile it is. there is a potential of making profit and there's also a potential of running loss in the process and that is why i support your first statement you said we have to invest with such an amount that we dont have to face any problems even if we lose it. investing in bitcoin we should keep our mind open and not always thinking of profit we should also be prepared for the downturn and by doing that we should not invest with any cash we might be needing anytime soon. our focus should be channeled into trying to have a strong portfolio by buying bitcoin consistently using discretionary income and hold it for at least a minimum of 4 to 10 years.

[Abelly]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

profit is not a guarantee in bitcoin investment due to how highly volatile it is. there is a potential of making profit and there's also a potential of running loss in the process and that is why i support your first statement you said we have to invest with such an amount that we dont have to face any problems even if we lose it. investing in bitcoin we should keep our mind open and not always thinking of profit we should also be prepared for the downturn and by doing that we should not invest with any cash we might be needing anytime soon. our focus should be channeled into trying to have a strong portfolio by buying bitcoin consistently using discretionary income and hold it for at least a minimum of 4 to 10 years.

Using DCA is very effective here It reduces the impact of market fluctuations and reduces the risk of making decisions based on emotions. In addition, macroeconomic factors such as interest rates, inflation, liquidity have a major impact on the price of Bitcoin. Keeping these in mind makes decisions more mature. Bitcoin investment is actually a game of patience, discipline, and risk management. Long Term survival is more important than quick profits.

[Gost ms]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

Yes, we always need to use such an amount of money that even if we lose that amount of money, there is no pressure on our financial situation. But the way you have presented your comment to us is completely pushing us towards trading. We have to remember that investing is long-term, such as keeping your investment period for 2 to 3 cycles. What you are saying is that trading is buying at a low price and selling at a high price, this is never included in long-term investment.

If you are trading, the chances of losing your money are very high. The Bitcoin market is very volatile and it is never possible to say when the price will go up in the market. If you buy now and the price of Bitcoin does not increase as you expected or if the price of Bitcoin decreases after your investment and if you cannot make a profit within 1 to 2 years, you can worry and sell your holdings even if you face a loss.

[Sim_card]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

Profits shouldn't be what a new investor puts first or uses to motivate himself because that will distract you from staying focus to build a significant bitcoin portfolio size for your future. Instead, have a bitcoin target and focus on it so that, you don't sell your bitcoin investment too early thinking that you are already in profit since one circle is too small for you to have accumulated a good size of bitcoin stash.

Some investors that had a long-term investment plan later, becam traders because they were too focused on profits. You profit will always be there, it's not running away. Therefore, focus on how to keep your bitcoin accumulation ongoingly till you reach your bitcoin target.

[I_Anime]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

As long your money is in bitcoin you won’t lose a thing , even when the market prices drop . Your coin will still be there but the value will drop , but doesn’t you mean you will loss . But when you sell when the market is down you will definitely be in loss (that’s when we can say you have loss ), the reason why I recommend folks to focus more on bitcoin is because is way safer compare to other coins with time it has proven to always bounce back whenever the price drops .

[PhilosopherKing]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

Your joking if you think that high profit is assured if people belief bitcoin. Nothing is guaranteed you should know that. The past gave profit doesn't mean the future will,  and hell no the market don't give a fuck about what you belief in.

You can not control what will be of bitcoin in the future, the thing that you can control is the money that you are using to ongoingly invest. So just invest what can be affordable to loose, that will make sense than promising your self 2x or 3x profit because you belief bitcoin

[laijsica]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

As long your money is in bitcoin you won’t lose a thing , even when the market prices drop . Your coin will still be there but the value will drop , but doesn’t you mean you will loss . But when you sell when the market is down you will definitely be in loss (that’s when we can say you have loss ), the reason why I recommend folks to focus more on bitcoin is because is way safer compare to other coins with time it has proven to always bounce back whenever the price drops .

Of course you are right that as long as you have Bitcoin in your portfolio even if its value decreases you will not lose that wealth and it is historically proven that the value of Bitcoin has recovered repeatedly and will continue to do so in the future. The example of Bitcoin is that the proper implementation of the strategies you take to keep you intact in the long term investment stage can get you to a decent financial position.

I often advise those investors to deposit Bitcoin compared to fiat. With the traditional financial system the strategy of investing in Bitcoin through discretionary income to arise your Bitcoin portfolio can lead to a stronger level of your financial position. The wisdom of building Bitcoin holdings while focusing on the present and taking care of your family.

[Futurexxx]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

The way you spoke of the all time high of Bitcoin here, it seems like you will sell off your Bitcoin holdings once it gets to that point, which I believe it's a terrible idea, because that is not the best way to build a generational wealth, because if those set of early investors that invested in Bitcoin in 2016 decided to sell their holdings when Bitcoin rose to $20k, do you think that they will experience this current price that Bitcoin value is right now as a holder?
No, that is why selling your holdings or part of it when you have not gotten to your over accumulation status is not good, because that price you thought is an all time high may look like a serious dip in the future when Bitcoin has risen to a million dollars or more in the future.

[Hardyrobust]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

The way you spoke of the all time high of Bitcoin here, it seems like you will sell off your Bitcoin holdings once it gets to that point, which I believe it's a terrible idea, because that is not the best way to build a generational wealth, because if those set of early investors that invested in Bitcoin in 2016 decided to sell their holdings when Bitcoin rose to $20k, do you think that they will experience this current price that Bitcoin value is right now as a holder?
No, that is why selling your holdings or part of it when you have not gotten to your over accumulation status is not good, because that price you thought is an all time high may look like a serious dip in the future when Bitcoin has risen to a million dollars or more in the future.

For someone who is just starting there bitcoin investment, the idea of thinking of all time highs at this initial stage of there investment is very wrong and it only points to one thing which is trading. When people are so anxious of the price of bitcoin going high , instead of focusing on being consistent with there bitcoin investment they may end up selling whenever they notice a slight change in the market. Long term holders aren't supposed to be worried sick about the price of bitcoin reaching all time highs it is traders that are supposed to be this anxious.

[Rockson1]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

@Ngozi26 as a newbie you have started talking about profit then and profit that, if I may ask how much Bitcoin have you been able to acumulate so far, even if I will have to agree with you that investor has to invest properly by investing with their discreationary income to avoid panick, I do not know where the losing is coming from, I'm just concerned why you're talking about profit, anyone that reads through your text will easily conclude that you are just after profit, you may not be concerned about how to build a long-term Bitcoin portfolio, let ask, how long do you think we can call a long-term investment in Bitcoin? Are you sure you have investing, with what we what I understand it look as if you are just in for short term but I have to advise you to rethink if that is your plan, Bitcoin investment has not changed, so please yo have to also learn and free yourself from presenting profit first when you know that should not be the first thing for any investor.

[Umulala-alala]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

The profit may only come if you buy now and hodl for long and the price increases in the future before you can be sure that you have made some profits but also know that making profit in bitcoin investment is not also guarantee this means that we can also loss even after holding for long.

As a new investor think of buying bitcoin using your discretionary income and focus not on the profit aspect for now but how you can stack more BTC by consistently buying through the dca and hodl for 4-10.

[BluebloodCXVI]

You need to know why an investor is panic. If you know about this, it will be easier for you to understand what you should do and what methods you should not apply as an investor. Before analyzing the big whales, you should start analyzing with small investors. A small investor may be panicking if he adopts a risky investment policy. You need to know about his financial capacity at the beginning of the investment. Set a budget in line with your income

Using discretionary income for Bitcoin investment can prevent a investors from panicking. This is because the funds left after balancing his income with his family needs and additional expenses are discretionary income. Buy Bitcoin regardless of the price Maintain a specific time frame such as 4-10 years or more. DCA method does not force you to buy a specific amount of Bitcoin An independent investment strategy for an investor in Bitcoin accumulation.

Maturing is realizing that being able to balance your financial stability properly is what gives room for proper bitcoin accumulation because they work hand in hand and when folks make use of good strategies that fit well into their financial framework,it reduces stress, the urge to make impulsive decisions and the risks of financial mistakes  thereby allowing their accumulations grow steadily without any threat to its stability.

[GIF-JOBS]

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

As long your money is in bitcoin you won’t lose a thing , even when the market prices drop . Your coin will still be there but the value will drop , but doesn’t you mean you will loss . But when you sell when the market is down you will definitely be in loss (that’s when we can say you have loss ), the reason why I recommend folks to focus more on bitcoin is because is way safer compare to other coins with time it has proven to always bounce back whenever the price drops .

When people panic and sell their holdings, that's when the real loss happens, don't panic and stop selling, your loss will recover on its own after some time, because the price of Bitcoin will not only remain at a low level due to volatility, but will also rise again after it drops, so there should be no worry about such losses and you should not make the wrong decision to sell. And in this case, the main thing is that it is important for us to be patient and control our emotions, those who cannot survive at this stage are the ones who are mainly facing losses.

[LOVER BOY 422]

I agree with you. People can have $100 per week as discretionary income but can started to be panic if the market turns red when they used every of their discretionary income to ongoingly invest. This panic can make them to be tapping from their bitcoin which is so dumb since it can fuck up the person investment.

To use discretionary income to ongoingly invest is a different thing from using the amount that can afforded to loose. So everyvody have to pick a position size that they can afforded to loose. At the same time they haved to pick the amount can aid them to ongoingly invest in bitcoin for the long time

A panic investor will panic no matter how much he has in his portfolio. However, there is some level to these things. A whale investor cannot panic if his plan is the long-term plan. Technically, a whale know the influence they have on the market, such investor cannot panic when the market is going down. They know their worth that is why they are the big shot in the market.

This is why it is necessary to have faith in Bitcoin, if you cannot have complete faith in Bitcoin, then you will definitely not be able to hold Bitcoin effectively. Because you can get scared at the slightest volatility, due to which you can make the wrong decision and sell Bitcoin, which will lead us to failure. That is why you have to plan, whether you can basically hold it for the long term, whether you have the ability and mentality for it. If someone invests without a plan, he will also be scared at some stage, but if you can first gain enough faith and understand the long-term potential of Bitcoin, then such volatility will not be able to put you in fear or panic, and you can remain stable towards your goal with your confidence.

Faith alone is not enough to hold bitcoin effectively for long term especially in the face of market downturn. When an investor fails to invest with the amount he or she cannot afford to lose then he will definitely panic over market volatility or downturns. Even if you have faith in bitcoin potential value, if you fail to invest in the right mentality then your faith is not going to stop you from panicking to sell your investment because you have failed to invest with an amount you’ll not be needing anytime soon.

I agreed with you, faith alone can't determine the growth of an investor in Bitcoin investment race what determine it is the consistency and how far you keep buying with your descretionary income nothing like faith in the race of BTC,  plan and never be scared of losing at all is your descretionary income you can lose it and it will not hurt you , except you do the opposite investment with amount you borrowed, actually you are right so faith and confidence is never enough when you fail to do the needful.

[Proty]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

Your joking if you think that high profit is assured if people belief bitcoin. Nothing is guaranteed you should know that. The past gave profit doesn't mean the future will,  and hell no the market don't give a fuck about what you belief in.

You can not control what will be of bitcoin in the future, the thing that you can control is the money that you are using to ongoingly invest. So just invest what can be affordable to loose, that will make sense than promising your self 2x or 3x profit because you belief bitcoin

That's current , bitcoin performance in the past doesn't guarantee that investing in it is going to yield successful returns. Believing in bitcoin has nothing to do with the price of Bitcoin going up in the future. The price is not controlled by people belief, as we all have different beliefs as regards bitcoin price. There are people that may be speculating the price to be around a certain price while some people maybe speculating the price to decline within the same time frame. However there believe doesn't in any affect the price of bitcoin in the future.

[Ngozi26]

When people panic and sell their holdings, that's when the real loss happens, don't panic and stop selling, your loss will recover on its own after some time, because the price of Bitcoin will not only remain at a low level due to volatility, but will also rise again after it drops, so there should be no worry about such losses and you should not make the wrong decision to sell. And in this case, the main thing is that it is important for us to be patient and control our emotions, those who cannot survive at this stage are the ones who are mainly facing losses.

Agreed. Those who panic and sell Bitcoin do not seem to understand the importance of holding Bitcoin. Experienced investors are not panicking about their holdings. I will sell Bitcoin at my pleasure and desire. I will take the target for at least one cycle in the long term and to reach that cycle, no matter how much panic prevails in the market, there is no question of selling. My target is to reach a cycle, so until I reach there, I will never sell my Bitcoin and I will buy until I reach the target. Be patient and continue investing, I hope you will make a profit by covering your losses.

[Qhunman]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

As a newbie your focus shouldn't be on profits rather your focus should be reaching your accumulation target. If you focus on profit all the time and given the way you are emphasising profits,you might tamper with your portfolio when bitcoin reaches ATH which isn't right approach to invest in bitcoin.  My advice for you never to focus on profits but rather focus on reaching your accumulation target first through ongoing, consistent, persistent and aggressve accumulation.