Balancing Financial security and Bitcoin Accumulation

[Obulis]

Do you actually knwo what you're saying although i won't bash you after all we are all learning but boldness seem to me like you know what you are saying when on the other hand you spilling shit.
Of course to safeguard of Bitcoin investment, the best we can do for ourselves as investors is to continue to invest with our discreationary income with the help of DCA strategy that is a good point but the other advice you gave does not have anything to do with a Bitcoiner who is accumulating Bitcoin for a long-term.
Are you trying to tell us that as an investor, you just invest once and leave it till when you need it then you can withdraw it? Even when the price is low or even high you would not care right, if that is the case it means you are not an investor, because as an a Bitcoin investor, your vision is to continue to acumulate Bitcoin with your discreationary income until you are very much satisfied with what you have in your portfolio, and even if you one to do it one time, how much do you have do it one time? It means you do not actually understand what what discreationary income is, so Bitcoin will just stay in your wallet as you said without you furthering your investment, how does that sound to you, does that define consistency in your DCA and hodling for a long-term?

One thing we need to remember is that the DCA method is an investment method, through this DCA method we invest. The DCA method is not to deal with unexpected financial disasters or financial crises. To deal with such financial crises, we have to create funds. For example, emergency funds, reserve funds, these funds are created to deal with unexpected financial disasters. However, the DCA method offers more benefits in terms of investment than all other investment methods. For example,

• You do not have to worry about the time to invest
• The amount of risk is greatly reduced
• The average purchase price can be purchased
• Etc.

In terms of investment, each person has a personal decision on how he will invest or in which method he will invest. We can never force an investment method on a person. But yes, we can give him the right decision, which one will be best. Many people are investing in the long term through DIP purchases and have held on to it till now. If someone does not have a lot of money but has a small goal of building a portfolio, they can still buy through DIP if they want.

Honestly the benefits of DCA you listed said it all, talking about DCA and encouraging DCA is not in anyway being forceful on people newbies particularly who haven't used any method or those facing the pressure of other strategies. The listed benefits are not only for low income earners and listing the benefits of DCA to a newbies or a friend who you think or knows needs to change their strategy because of their situation is not in anyway forcing them, it's a way of helping by giving your suggestions leaving them to decide for themselves.

[Ngozi26]

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.

Thanks for the nice suggestion. I didn't just focus on profit, I wanted to say how much profit can be. I have decided to buy 0.5 Bitcoin and buying from one year ago. My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

[Olatundespo]

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.

If you are new to Bitcoin investing, you may be scared by the price fluctuations. Traders who trade for high profits are more afraid of losing their funds. Even if an investor is new he should use a portion of discretionary income to accumulate Bitcoin regularly for one or two cycles. People who accumulate Bitcoin with their required funds are scared for price Volatility. You should use discretionary funds and additional reserve funds that you have for accumulating Bitcoin. Funds that you are intentionally putting in a risky position and can afford to lose due to market volatility. The essence of being able to lose is to accumulate Bitcoin regularly for multiple cycles and build up your Bitcoin holdings by following a risk tolerant strategy.

[Cgrexp]

Honestly the benefits of DCA you listed said it all, talking about DCA and encouraging DCA is not in anyway being forceful on people newbies particularly who haven't used any method or those facing the pressure of other strategies. The listed benefits are not only for low income earners and listing the benefits of DCA to a newbies or a friend who you think or knows needs to change their strategy because of their situation is not in anyway forcing them, it's a way of helping by giving your suggestions leaving them to decide for themselves.

Investment should be done according to the ability of each person. Because if someone struggles to meet their basic needs, it will never be possible for them to find additional money for investment, so we can never force anyone. But we can explain to everyone how they can invest even with a very small amount of money, so that they can develop the mentality of investing even with a small amount of money and they can take advantage of Bitcoin. Because if a person has only $ 10 after meeting basic and necessary expenses, he can invest. However, even if $ 10 seems insignificant to someone, it can turn into a big amount in the long run. I think it may be better to buy with $ 10 than not to invest at all. We can explain to everyone how they can take advantage of their small amount of money so that they can make decisions comfortably on their own. However, forcing someone to make decisions leads to losses.

[abaeze]

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.

Imo, the best strategy is a combination of faith, patience, and discipline. You can be positive about the market, but at the same time follow a specific plan and gradually build your portfolio. This way, you will be able to capture big opportunities, as well as control the risks. Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings. Investing regularly and patiently using the DCA strategy gives good results in the long run and reduces the risk of making emotional decisions. It is one of the most tested and successful strategies to date.

[Decimetre]

Honestly the benefits of DCA you listed said it all, talking about DCA and encouraging DCA is not in anyway being forceful on people newbies particularly who haven't used any method or those facing the pressure of other strategies. The listed benefits are not only for low income earners and listing the benefits of DCA to a newbies or a friend who you think or knows needs to change their strategy because of their situation is not in anyway forcing them, it's a way of helping by giving your suggestions leaving them to decide for themselves.

Investment should be done according to the ability of each person. Because if someone struggles to meet their basic needs, it will never be possible for them to find additional money for investment, so we can never force anyone. But we can explain to everyone how they can invest even with a very small amount of money, so that they can develop the mentality of investing even with a small amount of money and they can take advantage of Bitcoin. Because if a person has only $ 10 after meeting basic and necessary expenses, he can invest. However, even if $ 10 seems insignificant to someone, it can turn into a big amount in the long run. I think it may be better to buy with $ 10 than not to invest at all. We can explain to everyone how they can take advantage of their small amount of money so that they can make decisions comfortably on their own. However, forcing someone to make decisions leads to losses.

You can't force anyone into buying bitcoin because bitcoin is a personal choice. When you want to make progress, you don't have to be forced. Even if it's food that you are giving to anyone and you force him to eat, he will miss the real taste of the food and also see it as a punishment and may end up vomiting all of them. Before you can do well in bitcoin, you have to decide to invest in bitcoin and this will help you to be dedicated to your bitcoin buying. If you force anyone to invest in bitcoin, anytime the market starts shaking, he will see you as his enemy and may even go and sell at loss and now come that you should pay him his lost amount. But when someone comes into bitcoin on his own, he bears all the responsibilities and determines what he wants and follow it. Life is a choice and so is bitcoin investment. What you can do is to advise a person and allow him to take his unbiased decision on whether to invest or not.

[Creeper0]

Investment should be done according to the ability of each person. Because if someone struggles to meet their basic needs, it will never be possible for them to find additional money for investment, so we can never force anyone. But we can explain to everyone how they can invest even with a very small amount of money, so that they can develop the mentality of investing even with a small amount of money and they can take advantage of Bitcoin. Because if a person has only $ 10 after meeting basic and necessary expenses, he can invest. However, even if $ 10 seems insignificant to someone, it can turn into a big amount in the long run. I think it may be better to buy with $ 10 than not to invest at all. We can explain to everyone how they can take advantage of their small amount of money so that they can make decisions comfortably on their own. However, forcing someone to make decisions leads to losses.

It is better to do something than to do nothing. Even in the midst of a financial crisis, a person can become an investor by capitalizing on his will, here his will is the main capital. $10 a week can become a very big amount in the long run, it is wise to use it in investment rather than wasting $10 unnecessarily. However, it completely depends on the will of that person, we cannot force anyone to invest. Especially a person who has financial difficulties and it is a bit difficult for him to invest. However, we should not forget that if there is a will, there is a way.

[Futurexxx]

It is better to do something than to do nothing. Even in the midst of a financial crisis, a person can become an investor by capitalizing on his will, here his will is the main capital. $10 a week can become a very big amount in the long run, it is wise to use it in investment rather than wasting $10 unnecessarily. However, it completely depends on the will of that person, we cannot force anyone to invest. Especially a person who has financial difficulties and it is a bit difficult for him to invest. However, we should not forget that if there is a will, there is a way.

I know that you may really want to invest in Bitcoin if you have a discretionary income, but I want you to understand that anyone that cannot take proper care of himself and his basic needs have no business investing in Bitcoin because what he should be doing is looking for ways to better his finances, so that he can have a discretionary income left to invest with.
And it's important that you invest only from your discretionary income, since it gives you that leverage to do away with it, for a very long period of time.

I don't know what you are thinking before making this ultrances, but it's unwise to be saying that we should be investing from our will, like what do you even understand by a will?
Try to be certain of what you are saying, before talking, so that you wouldn't mislead newbies that red your post.

[Female King]

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.

Imo, the best strategy is a combination of faith, patience, and discipline. You can be positive about the market, but at the same time follow a specific plan and gradually build your portfolio. This way, you will be able to capture big opportunities, as well as control the risks. Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings. Investing regularly and patiently using the DCA strategy gives good results in the long run and reduces the risk of making emotional decisions. It is one of the most tested and successful strategies to date.

Do you mean that chasing profit as a new investor isn't bad? When an investor who is supposed to buying bitcoin is now thinking of chasing profit he will probably become a trader because all this target will be to sell when there is a slightest increase in the price of bitcoin, going into to market with the intention of chasing profit is even not good because we are not guarantee profit in bitcoin.
Bitcoin is an investment we should go in with our discretionary income knowing that nothing is guaranteed buy regularly and maintain a long time hodl what ever happen you take it the way you see it.

[Finebone]

Imo, the best strategy is a combination of faith, patience, and discipline. You can be positive about the market, but at the same time follow a specific plan and gradually build your portfolio. This way, you will be able to capture big opportunities, as well as control the risks. Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings. Investing regularly and patiently using the DCA strategy gives good results in the long run and reduces the risk of making emotional decisions. It is one of the most tested and successful strategies to date.

Do you mean that chasing profit as a new investor isn't bad? When an investor who is supposed to buying bitcoin is now thinking of chasing profit he will probably become a trader because all this target will be to sell when there is a slightest increase in the price of bitcoin, going into to market with the intention of chasing profit is even not good because we are not guarantee profit in bitcoin.
Bitcoin is an investment we should go in with our discretionary income knowing that nothing is guaranteed buy regularly and maintain a long time hodl what ever happen you take it the way you see it.

Cashing out profit when you have not gotten to your over accumulation status is wrong and it should be discouraged because it may delay your ability to get to your over accumulation status faster.
And I also agree with your that it makes you develop the mentality of a trader, instead of an investor,
So while investing in Bitcoin, profit should never be a thing of attention when you have not build a tangible stash of bitcoin, that can make you to be successful if bitcoin skyrocket to a million dollar, so it's wrong to be talking about profit as a new investor when your stash of bitcoin is too small or have not gotten to that over accumulation status yet.

[Emjay24]

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.

Thanks for the nice suggestion. I didn't just focus on profit, I wanted to say how much profit can be. I have decided to buy 0.5 Bitcoin and buying from one year ago. My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

The price of bitcoin would not remain in that your predicted amounts for as long as it would take you to get 0.5 BTC from your calculation. If BTC price goes much higher, then you would be getting lesser BTC for that $30 and I doubt you'll get a $90k average investing from now to the next 26 years, so the estimate is very wrong, what you would be able to predict is how much you end up investing into bitcoin within a specific period for e.g since you're going to be investing $30 weekly, then that would be #120 a month and would be $1440 yearly and in 26 years, you'll be able to invest $40560 into BTC and by then, you'll know what quantity you were able to accumulate. There is no guarantee that you would've been able to accumulate up to 0.5 BTC by then if bitcoin price continues performing well going forward.

[Cgrexp]

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.

Imo, the best strategy is a combination of faith, patience, and discipline. You can be positive about the market, but at the same time follow a specific plan and gradually build your portfolio. This way, you will be able to capture big opportunities, as well as control the risks. Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings. Investing regularly and patiently using the DCA strategy gives good results in the long run and reduces the risk of making emotional decisions. It is one of the most tested and successful strategies to date.

Do you mean that chasing profit as a new investor isn't bad? When an investor who is supposed to buying bitcoin is now thinking of chasing profit he will probably become a trader because all this target will be to sell when there is a slightest increase in the price of bitcoin, going into to market with the intention of chasing profit is even not good because we are not guarantee profit in bitcoin.
Bitcoin is an investment we should go in with our discretionary income knowing that nothing is guaranteed buy regularly and maintain a long time hodl what ever happen you take it the way you see it.

The hope of making quick money is what attracts everyone to trading. However, if a person has a long-term mindset and thinks about profit, it may be difficult for him to resist the temptation to sell if the price increases. At the same time, if the price decreases slightly due to the thought of profit alone, disappointment may come. The idea of making a profit by buying and selling a volatile asset like Bitcoin is risky because none of us are sure about the market. For this reason, investors are advised to invest for the long term using discretionary income. Bitcoin has potential in the long term, but one should not enter the investment assuming that profit is certain. The sign of mature investors is that they accept uncertainty and continue their investments in a planned manner.

[Sim_card]

The price of bitcoin would not remain in that your predicted amounts for as long as it would take you to get 0.5 BTC from your calculation. If BTC price goes much higher, then you would be getting lesser BTC for that $30 and I doubt you'll get a $90k average investing from now to the next 26 years, so the estimate is very wrong, what you would be able to predict is how much you end up investing into bitcoin within a specific period for e.g since you're going to be investing $30 weekly, then that would be #120 a month and would be $1440 yearly and in 26 years, you'll be able to invest $4056 into BTC and by then, you'll know what quantity you were able to accumulate. There is no guarantee that you would've been able to accumulate up to 0.5 BTC by then if bitcoin price continues performing well going forward.

We have 52 weeks in a year which makes it 30 X 52 = $1560 X 26 = $40560

Of course, bitcoin price wouldn't be stagnant likewise, your basic needs and monthly expenses. Which is the reason why you shouldn't allow your income to be stagnant to but grow with inflation. This is why as you're investing, you need to look for ways to improve your income so that, you can continue investing consistently overtime till you reach your bitcoin with it affecting you financially.

[DubemIfedigbo001]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

If your accumulation target is 0.5BTC and your target long-term holding period is 26 years, then you ought to consistently invest what you've until you arrive at such target, the most important thing is for you to remain committed to your accumulation journey. In the future, there's a possibility your income may increase and you'll have more discretionary income at your disposal from which you can increase your buying amount if you wish.

Your predicted average buy amount is very wrong since you can only get the average on the past purchases and not future purchases. Bitcoin is volatile and you cannot be sure of buying at such average until you achieve your target. All you need is to focus on your consistent buys until you arrive at your accumulation target, don't trouble yourself when the price of Bitcoin is going higher and it seems you'll not be getting it at your estimated average, DCA is s good strategy for you, you don't need to stress yourself over the prices, just keep being consistent and hopefully you'll arrive at your accumulation target within your holding period.

[Gost ms]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

Bitcoin market is very unpredictable, if the average purchase price you have calculated is not as per your expectation then you may get disappointed so it would be better for you to continue buying continuously without having such expectations on the market. If the price of Bitcoin reaches the highest price again then it will take a lot more time for your portfolio so do not plan this and continue buying continuously until you reach the goal of building your portfolio. I do not know if you have started buying yet but if you have not started buying then it would be better not to worry about your average purchase price.

[I_Anime]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

Bitcoin market is very unpredictable, if the average purchase price you have calculated is not as per your expectation then you may get disappointed so it would be better for you to continue buying continuously without having such expectations on the market. If the price of Bitcoin reaches the highest price again then it will take a lot more time for your portfolio so do not plan this and continue buying continuously until you reach the goal of building your portfolio. I do not know if you have started buying yet but if you have not started buying then it would be better not to worry about your average purchase price.

If you focus more on market you will easily get discouraged. Just play your part by accumulating and holding despite the market conditions, all that matter is that you are building something that will turn out profitable in long run , though it is not guarantee but historical data has proven that bitcoin tend to go up as time goes despite all the up and down movement .

The really I kept saying there’s no guarantee is because we can’t actually tell the future, the only thing that doesn’t change is changes . So there will always be changes as time goes, either positive or negative changes .

[Alonso_]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

Bitcoin market is very unpredictable, if the average purchase price you have calculated is not as per your expectation then you may get disappointed so it would be better for you to continue buying continuously without having such expectations on the market. If the price of Bitcoin reaches the highest price again then it will take a lot more time for your portfolio so do not plan this and continue buying continuously until you reach the goal of building your portfolio. I do not know if you have started buying yet but if you have not started buying then it would be better not to worry about your average purchase price.

If you focus more on market you will easily get discouraged. Just play your part by accumulating and holding despite the market conditions, all that matter is that you are building something that will turn out profitable in long run , though it is not guarantee but historical data has proven that bitcoin tend to go up as time goes despite all the up and down movement .

The really I kept saying there’s no guarantee is because we can’t actually tell the future, the only thing that doesn’t change is changes . So there will always be changes as time goes, either positive or negative changes .

As an investor you’re not meant to focus on the market, instead you should focus more on buying and holding bitcoin, and having a discretionary income as well, I have seen a scenario where people who have difficulties finding their way and feet in buying and holding bitcoin, most times it’s been a very terrible situation and experience, because they will have to panic because of their money involved, but if you’re and old investor it would be better to know that you have to keep buying and accumulating bitcoin on a consistent basis and a regular basis.

[Futurexxx]

As an investor you’re not meant to focus on the market, instead you should focus more on buying and holding bitcoin, and having a discretionary income as well, I have seen a scenario where people who have difficulties finding their way and feet in buying and holding bitcoin, most times it’s been a very terrible situation and experience, because they will have to panic because of their money involved, but if you’re and old investor it would be better to know that you have to keep buying and accumulating bitcoin on a consistent basis and a regular basis.

I agree with you here because you are saying the right thing, once an investor start putting his focus on the market, his mindset will gradually shift from that of an investor to a  trader even before he knows it, because he will most times want to react to what the market is doing, which is wrong for an investor.
What all Bitcoin investors should be more concerned about is how to stay consistent in his accumulation, and how to have a very strong emergency and reserve funds in place that can protect his Bitcoin holdings against any unforseen emergencies that may have warranted him to temper with his holdings, so monitoring the market is not ideal, instead it's going to create panic or shift your mindset from that of an investor to that of a trader.

[PhilosopherKing]

Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings.

I feel the obsession you have with trading. Dude your a trader!!

Chasing profit always work against ongoing accumulation. The two of them are opposites and cannot be in alignment, so quit aligning what you shouldn't be doing. Investors are lots that ongoingly buys bitcoin for a cycle and more so they can build their stash, they don't care about the short little profits that volatility bring in.  When person start to be chasing quick money they are deceiving themselves to think they are investing.

Traders are the ones that are obsessed with profits and this obsession is what makes them to be making poor choices that can blow up the little Bitcoin they managed to gather.

[Rockson1]

As an investor you’re not meant to focus on the market, instead you should focus more on buying and holding bitcoin, and having a discretionary income as well, I have seen a scenario where people who have difficulties finding their way and feet in buying and holding bitcoin, most times it’s been a very terrible situation and experience, because they will have to panic because of their money involved, but if you’re and old investor it would be better to know that you have to keep buying and accumulating bitcoin on a consistent basis and a regular basis.

A real Bitcoin investor will always want to channel his energy in building his Bitcoin portfolio not monitoring what the price of the market is saying and that is because, he has a set goal, he knows that the acumulation is not the a short term, he understands that it is needless to look at something that can rise beyond investors expectations tomorrow or anytime so he thinks that the best he can do for himself is to increase his source of income so that his discretionary income will increase also the enable him meet up his target as soon as possible and even though his discreationary income does which may not be possible, he still continues with what he has without giving ears to things that won't do him good as a serious investor, both old and new investors, there should be not exemption from the advice of continues accumulation of Bitcoin persistently and hodling it for a long-term.