Investment Become Gambling

[cxtreenal]

It is reasonable to view research as a basis for your own decisions, not as a tool for prediction. Even analyzing various market fundamentals, it is not possible to say with certainty where the price will go in the future. The main purpose of research should be to consider how the asset you are investing in works, what its risks are, and how strong the logic behind your decision is. It is not appropriate to directly equate Bitcoin with gambling. Bitcoin is an asset . and gambling is essentially a method of betting on uncertain outcomes. However  if someone blindly invests money in Bitcoin based on short-term price fluctuations , their behavior can become like gambling.  The comparison is more reasonable to make not between Bitcoin and gambling, but rather between a person's behavior and risk-taking approach.

How do we view research as a basis of our own decision? You are sounding a bit confused I mean is it not through research and analysis one can be able to predict where the price of Bitcoin will be heading to? Regardless of the fact that gambling is very risky, one needs to research and also analyze the chart thoroughly before executing any plan. Anyone who invest in Bitcoin for short is already a trader and not an investor so  there's nothing like they will be acting like a gambler.

Even if you are making researches and analysing the market you can't still know what the price of bitcoin will next be and making these researches won't help you instead it will still delay your bitcoin investment.

If you want to buy bitcoin and hold for long you don't need analysing the market and making researches, just start buying bitcoin if you have your discretionary income, dcaing regularly by buying bitcoin regardless of the price, which will also enable you not be monitoring the market to know where the price is before you can buy.

if someone feels that they need to research or analyse the market in other to be able to predict the correct entry price , this is wrong because know amount of research or analysis can make us to know or predict correctly the price of bitcoin in the future. I believe an investor that is ongoing or continuously accumulating bitcoin can decide to research more or learn more about bitcoin. The motive maybe to expand their knowledge as they continue with their bitcoin accumulation and not because they want to predict the future price of bitcoin.

If someone searches for the right entry period for determining the price of Bitcoin, it will be a manifestation of their misconception. This kind of mental preparation is seen among new investors. It is good to analyze the market but during the Bitcoin accumulation period. There may be research topics related to where the price of Bitcoin can go in the future and what reasons exist for it.
You are right that it is good to gain knowledge about Bitcoin for the expansion of knowledge. It is logical to research its past, present and future value because it is accumulating an asset whose value is unstable but has a strong potential for future price increase. Many of the logical reasons for this is personal and institutional acceptance and limited supply and gaining investor confidence.

[ChocolateBitcoinK]

For an investor not to become a gambler, he needs to hold unto his coin and keep accumulating for a long term of 4-10 years and above, because Bitcoin is designed for long term and not a short term.

Accumulation of Bitcoin is done basically for investment and for gambling when you start selling at any point on time that you need funds in other to meet up your expenses makes you a gambler which is not good for any investor or bitcoin community at large.

The advice you have given to hold and accumulate Bitcoin for 4-10 years or more is really great as a long-term perspective.
​But I cannot agree with your last point at all. The idea that someone becomes a gambler by selling Bitcoin for family needs does not seem reasonable to me in any way. ​Suppose an ordinary employee or a person with a limited income started buying Bitcoin with a 4-10 year mindset. He also had his own emergency fund or backup fund. But no one can predict in advance what situations will arise in a person's life. Suddenly he or his family faces a major crisis or medical emergency where even after all the money in his emergency fund is gone a huge amount of money is still needed.​ Now he has two options open to him.

take a loan at high interest or borrow from someone whose installments will be an extreme mental and financial burden on his limited salary for years to come.Or to get out of this crisis by breaking his own Bitcoin. Now tell me if this man breaks his Bitcoin portfolio or sells his accumulated coins to escape from the crisis by breaking his life destroying high interest debt did he become a gambler?
​Not at all. Rather Bitcoin acted as a financial life saver or shield for him and his family. We invest in Bitcoin so that in times of danger we do not have to touch anyone or take loans at high interest rates.

​Gamblers are those who bet on trading charts without any risk management in the hope of 10x or 100x profit. But using your hard-earned wealth to protect your family in times of danger is not gambling this is the real value of wealth accumulation

Guys should not be investing into bitcoin with amounts of money they need for expenses, and sometimes it can be difficult to determine if a guy might have had been investing too much into bitcoin, since he does not have enough money to cover the various basic needs.

Sure, none of us, pro-bitcoin folks, want to discourage buying bitcoin, yet sometimes guys might not have enough income to be able to put money into bitcoin, and they have to figure out how to increase their income and/or decrease their expenses.

And, yeah, if it appears that guys are using money that they need for their basic expenses, then it can seem like trading and/or gambling... even though sometimes the future shortages of income and/or increases in expenses may well been unforeseeable.

Exactly, nobody likes to discourage anyone no to invest into bitcoin, but that is an very important point, no one should ignore the financial, because bitcoin can be a very good long term investment, but just because you want to invest into bitcoin shouldn’t stop someone from being unable to take care of basic needs, Even the investment won’t move as you expect. I think the best approach is not to more but to improve your finances by increasing your income, and try building some backup funds very necessary.

Some folks can be struggling after investing, I think we shouldn’t judge them so quick, because things can change unexpectedly, maybe they are facing high expenses or losing of income, but the focus should be, we should buy bitcoin in such a way that will improve our financial position not us to struggling to survive.

The most important thing before anyone can start accumulating bitcoin is discretionary income. Those that are not able to figure out there discretionary income are not supposed to invest in bitcoin because they don't have what it takes to invest in bitcoin. We should attend to our needs first and whatever we have left after that is what should be invested in bitcoin.
There are people that make the mistake of using all their discretionary income to buy bitcoin when they have no backup funds, this approach is wrong because when an emergency occurs or unexpected needs arises, they will either fall back to there bitcoin investment or will be struggling financially. So aside investing with discretionary income there is need to always have a backup funds that will protect our investment and also for us not to put ourselves into financial pressures.

From excess money  to use for investment is a safe method. But it does not mean that someone who does not have discretionary income can never invest in Bitcoin, but rather his first task should be to increase income, control expenses and create an investable surplus. It is important to have a backup or emergency fund in addition to investing. The purpose is to avoid the need to sell Bitcoin in a situation where selling can be detrimental to you. Not every person needs to accumulate a huge amount of emergency fund before starting investing. Someone's income may be stable, expenses are low and other safe sources of money may have different needs. The investment amount should be consistent with the person's financial capacity. How much of the discretionary income will go to Bitcoin and how much will remain as cash or backup should be determined based on the person's risk, future expenses and financial security. First ensure necessary expenses, then create discretionary income, have a suitable backup/emergency fund and then invest in Bitcoin according to your ability. So that in any unexpected situation, that investment does not become the cause of your financial problems.

[aNot!FicaT!on]

It is reasonable to view research as a basis for your own decisions, not as a tool for prediction. Even analyzing various market fundamentals, it is not possible to say with certainty where the price will go in the future. The main purpose of research should be to consider how the asset you are investing in works, what its risks are, and how strong the logic behind your decision is. It is not appropriate to directly equate Bitcoin with gambling. Bitcoin is an asset . and gambling is essentially a method of betting on uncertain outcomes. However  if someone blindly invests money in Bitcoin based on short-term price fluctuations , their behavior can become like gambling.  The comparison is more reasonable to make not between Bitcoin and gambling, but rather between a person's behavior and risk-taking approach.

How do we view research as a basis of our own decision? You are sounding a bit confused I mean is it not through research and analysis one can be able to predict where the price of Bitcoin will be heading to? Regardless of the fact that gambling is very risky, one needs to research and also analyze the chart thoroughly before executing any plan. Anyone who invest in Bitcoin for short is already a trader and not an investor so  there's nothing like they will be acting like a gambler.

Even if you are making researches and analysing the market you can't still know what the price of bitcoin will next be and making these researches won't help you instead it will still delay your bitcoin investment.

If you want to buy bitcoin and hold for long you don't need analysing the market and making researches, just start buying bitcoin if you have your discretionary income, dcaing regularly by buying bitcoin regardless of the price, which will also enable you not be monitoring the market to know where the price is before you can buy.

if someone feels that they need to research or analyse the market in other to be able to predict the correct entry price , this is wrong because know amount of research or analysis can make us to know or predict correctly the price of bitcoin in the future. I believe an investor that is ongoing or continuously accumulating bitcoin can decide to research more or learn more about bitcoin. The motive maybe to expand their knowledge as they continue with their bitcoin accumulation and not because they want to predict the future price of bitcoin.

There is no such thing as the right entry price, but every moment is the right time to enter and the right price. So you have to start without thinking about the price. And especially for a long-term investor, they should not worry about the market at all, but they should only focus on consistency. It is not a big deal at what price you buy, but the main thing is how much you buy and how long you hold it. A person often waits while looking for the perfect entry. He thinks he will buy at a lower price, then waits for a lower price and so on. If the market does not go down as he expected, he may never start, and the market then goes up and then he thinks it is too late and there is no point in investing anymore. But this kind of mentality should be abandoned first of all, and instead of worrying about the fluctuations, you should buy consistently when buying.

[Joeboy]

~snip~

Exactly, nobody likes to discourage anyone no to invest into bitcoin, but that is an very important point, no one should ignore the financial, because bitcoin can be a very good long term investment, but just because you want to invest into bitcoin shouldn’t stop someone from being unable to take care of basic needs, Even the investment won’t move as you expect. I think the best approach is not to more but to improve your finances by increasing your income, and try building some backup funds very necessary.

Some folks can be struggling after investing, I think we shouldn’t judge them so quick, because things can change unexpectedly, maybe they are facing high expenses or losing of income, but the focus should be, we should buy bitcoin in such a way that will improve our financial position not us to struggling to survive.

This happens at time because folks didn't do the needful before kickstarting their accumulation journey... I like to believe that 'Investor A' cannot have the same financial strength and/or capacity as 'Investor B' And this is the more reason why folks have to understand their own financial capacity... They shouldn't just go ahead to invest an amount just because that is what others are doing... My point here is that investment should be based on what you can afford, so as to prevent folks from burning out while folks are in the process of their investment journey.. Though, I wouldn't neglect the fact that things could change in the long run, for example folks could lose their job, get added financial responsibility, they could as well get demoted, or get a salary deduction... This are beyond the control of that individual and if that were to happen, ones would have to change their frequency of accumulation by either reducing the amount they use to buy altogether or by buying in line with the availability of their discretionary income(buying only when there is Discretionary income available)...