Investment Become Gambling

[Different patterns]

So it is important for us to accept the reality and invest correctly, you must first understand your expectations and intentions, and after understanding the nature of Bitcoin, you must decide to invest.

Do you need all these before you can start your bitcoin investment. I don't think so, all you need is to have a purpose of investing in bitcoin and start investing immediately, your discretionary income is available.

You don't have to dispute with him, of course is your choice to decide the step to take whether you're going to getting started without getting the basic knowledge since you already know how to make bitcoin purchase or you hold on to bitcoin investment until you get the basic knowledge so the choice is yours. And for that I'm not going to say that waiting to get all those things he mentioned above is not a good idea of course he have the right to figure out  the things he know that after getting those things, there will no be any challenges.

Are you serious right now @ Versatile? This is Bitcoin investment and not some house chores where you decide when to and not to do it.
 
The best time to start your investment is when you have been able to figure out your discretionary income. With it, you can begin accumulating Bitcoin right away and slowly figure out other things as you go. You can't possibly wait to learn and acquire all the knowledge before you start, nope. If you do that, then am afraid you may not start anytime soon since you can't really learn everything all at once. I believe the best knowledge is gotten from experience which gives you a first hand knowledge while already in the market.

 So, anyone saying he wants to learn everything and get all the desired knowledge about Bitcoin investment before they begin there accumulation is getting it wrong and may never start anytime soon. That's a wrong investment mentality and must be corrected. With the little basic knowledge and the readiness of your Discretionary income, you are good to go

I agree with your point, Is not a good idea as an investors keep postponing your investment because you want to know everything about bitcoin before investing, that is not practical, because learning in bitcoin never stops, is a continue process. Once you have your discretionary income available with you and understand the basic principles of investing in bitcoin. Is a big opportunity for you to start small amount and continue learning as you gain experience. Because real experience teaches lessons that books can not. However, begin early does not mean investing without preparation, it’s still good to have your plan, to avoid using funds that meant for expenses or taking on debt to purchase bitcoin, it good to build an emergency fund and invest small amounts at first help to understand volatility without taking unnecessary risks.

[samadam007]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

Easy man! This statement of yours can give folks the impression that price decline should always create emotional stress.
If someone has long term plan, uses DCA and only invest money that won’t be needed in short term, then price drops shouldn't automatically cause fear or discomfort.Market volatility is a part of Bitcoin, so anybody investing long term should be expect it instead of acting surprised at it.
Long term investors shouldn’t be bothered about price drops as long they steadily accumulating BTC within their means

[Grease5000]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

Easy man! This statement of yours can give folks the impression that price decline should always create emotional stress.
If someone has long term plan, uses DCA and only invest money that won’t be needed in short term, then price drops shouldn't automatically cause fear or discomfort.Market volatility is a part of Bitcoin, so anybody investing long term should be expect it instead of acting surprised at it.
Long term investors shouldn’t be bothered about price drops as long they steadily accumulating BTC within their means

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

[BluebloodCXVI]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

Easy man! This statement of yours can give folks the impression that price decline should always create emotional stress.
If someone has long term plan, uses DCA and only invest money that won’t be needed in short term, then price drops shouldn't automatically cause fear or discomfort.Market volatility is a part of Bitcoin, so anybody investing long term should be expect it instead of acting surprised at it.
Long term investors shouldn’t be bothered about price drops as long they steadily accumulating BTC within their means

Well i wouldn't say that it is unusual for a person to feel a bit uneasy during a prolonged market drawdown, especially if that person is still new to investing in bitcoin. We are all human after all so i think it’s normal to have emotions.

Perhaps maybe the real issue isn't about feeling those emotions but it is about letting them influence the kind of decisions that we make with our bitcoin investment. I feel like as long as you are able stick to your plan, keep investing within your financial capabilities and resist abandoning your strategy just because of temporary price movements, then those drawdowns will become much more easier to cope with over time.

[Itz-prisigold]

There are things that we can decide to do right, having basic knowledge, and when I have started to a certain point, then having a backup funds plans, and also trying to increase my cashflows and also trying to stay consistent either on a weekly on monthly basis of buying and accumulating bitcoin that can give a chance and opportunity of having a successful investment, but not guaranteed

I feel that this is where the whole discussion gets somewhat confusing. You actually made it sound as if backup funds do not really become relevant until you have accumulated a certain amount of Bitcoins, but it is not advisable to view it in this manner. You can accumulate your Bitcoin holdings while at the same time building up your backup money.

A solid financial structure is something that you actually keep improving as you continue to accumulate Bitcoin, and NOT something you postpone until months later. With time when your cash flow improves and the more discretionary income you have, you can gradually increase your Bitcoin investment and your backup funds at the same time. That is a much easier way of making sure you would not apply excess pressure to yourself and would not become impatient with your long term savings plan.

[GIF-JOBS]

Whether we will be guaranteed success depends on the long term investment strategy we adopt because regular DCA and maintaining cash flow as well as the effective apply of buying Bitcoin to lump sum strategy and personal long term investment strategy during bearish times will increase the size of the portfolio while reducing the average value of our long term accumulation.

We are still not guaranteed success regardless of the strategy we us or how long we invest for, although the chances for it are higher but it is never guaranteed, this is one thing every bitcoin investor and those who still want to start buying bitcoin should have in the backs of their minds, there is no way to tell what the future holds for bitcoin so there is no way for us to says what's going to be successful and what's not even though we are hoping for success, this is also one of the reasons why we invest with money we can afford to lose.

Yes, the main thing is that we cannot be completely sure about success, because success is not certain in anything. So we need to understand this in the case of investment as well. The best decision is to invest with understanding the risk, according to your ability and with money that will not have a big impact on your lifestyle even if you lose it. And we need to be aware of the possibility of success in an investment as well as our risk. We need to move forward with a long-term plan with understanding the risk and patience.

[Rockson1]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

You said it is normal for someone to feel uneasy when the market shrinks a bit right? I don't think it is, it can only be normal for traders or newbies that may not have experienced how it goes, if you are an Investor whose target has not been met, I mean an Investor that is still in your acumulation stage what will be the need for the misfeeling and why anyone have such feeling, dip is a temporal market condition, it does not last forever, the Bitcoin relies on these event for its continuous existence as such no one should feel bad because of that, instead it will be nice if we look for ways to buy more at the dip than accommodating any feeling that can lead us into taking premature decisions that we might regret later, it is better we get rid of anything like emotions as Bitcoiners, it will be of help to us if we see the good side of the dip, and take advantage of it

[Bryan jessy]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

You said it is normal for someone to feel uneasy when the market shrinks a bit right? I don't think it is, it can only be normal for traders or newbies that may not have experienced how it goes, if you are an Investor whose target has not been met, I mean an Investor that is still in your acumulation stage what will be the need for the misfeeling and why anyone have such feeling, dip is a temporal market condition, it does not last forever, the Bitcoin relies on these event for its continuous existence as such no one should feel bad because of that, instead it will be nice if we look for ways to buy more at the dip than accommodating any feeling that can lead us into taking premature decisions that we might regret later, it is better we get rid of anything like emotions as Bitcoiners, it will be of help to us if we see the good side of the dip, and take advantage of it

Definitely, rather than being wavering or shrinking during dip, it's supposed an opportunity to enlarge our coast by  accumulating more Bitcoin, nevertheless someone who is new to Bitcoin investment will not understand that dip is a golden opportunity to buy as much as a person can with the amount they can afford to buy with. But it is still funny how some persons are praying for dip because they prefer the period as it enables them add more Bitcoin to their already existing ones, why there are people who panic terribly anytime they hear or experience dip. Dip is inevitable so as the increase in price so any period should be well acknowledged because it's actually for investors benefit; that is for those that understand what this period signifies.

[Proty]

It's completely normal to feel some discomfort when the market drops abruptly; however, while experienced investors are prone to such feelings, too, they don't let them control their actions. Such investors follow the investment strategy created by them beforehand. This is the key reason for the success of DCA and other approaches, which is why they are suitable for long-term Bitcoin investors. Emotional control is also about being patient during the period of bull markets and not letting oneself get carried away trying to earn quickly. On the other hand, emotional control during the bear market consists of the opposite not selling at all costs.

You said it is normal for someone to feel uneasy when the market shrinks a bit right? I don't think it is, it can only be normal for traders or newbies that may not have experienced how it goes, if you are an Investor whose target has not been met, I mean an Investor that is still in your acumulation stage what will be the need for the misfeeling and why anyone have such feeling, dip is a temporal market condition, it does not last forever, the Bitcoin relies on these event for its continuous existence as such no one should feel bad because of that, instead it will be nice if we look for ways to buy more at the dip than accommodating any feeling that can lead us into taking premature decisions that we might regret later, it is better we get rid of anything like emotions as Bitcoiners, it will be of help to us if we see the good side of the dip, and take advantage of it

Definitely, rather than being wavering or shrinking during dip, it's supposed an opportunity to enlarge our coast by  accumulating more Bitcoin, nevertheless someone who is new to Bitcoin investment will not understand that dip is a golden opportunity to buy as much as a person can with the amount they can afford to buy with. But it is still funny how some persons are praying for dip because they prefer the period as it enables them add more Bitcoin to their already existing ones, why there are people who panic terribly anytime they hear or experience dip. Dip is inevitable so as the increase in price so any period should be well acknowledged because it's actually for investors benefit; that is for those that understand what this period signifies.

Anyone that is investing in bitcoin for a long term is not supposed to panic during a dip but rather they are supposed to see it as an opportunity to buy more bitcoin. While those that are supposed to panic are short term investors, that is traders that are into bitcoin with the hope of making quick profit. They feel they can be able to predict the market, if the market isn't going as they predict they beginning to pnlanick and may end up losing money.

[Yeesha]

Whether we will be guaranteed success depends on the long term investment strategy we adopt because regular DCA and maintaining cash flow as well as the effective apply of buying Bitcoin to lump sum strategy and personal long term investment strategy during bearish times will increase the size of the portfolio while reducing the average value of our long term accumulation.

We are still not guaranteed success regardless of the strategy we us or how long we invest for, although the chances for it are higher but it is never guaranteed, this is one thing every bitcoin investor and those who still want to start buying bitcoin should have in the backs of their minds, there is no way to tell what the future holds for bitcoin so there is no way for us to says what's going to be successful and what's not even though we are hoping for success, this is also one of the reasons why we invest with money we can afford to lose.

Some of the investor are carried away by their mindset as the result of being Overestimation, conceit and overassurance. As an investor you might be using the right and suitable strategy, but it still doesn't guarantee success, that is what you said, and you might be right about it. But from my perspective little success is huge enough to make your day, unless the investor is not satisfied or contented with what he or she is gaining. Bitcoin investment is a wonderful thing and can serve as a great opportunity to an individual who is contented and exercise patience. We all know that experiencing little losses in normal because there is no way an investor will escape that, but those little losses cannot hinder your progress unless you are carried away by your emotions. Have it at the back of your mind that every little win is a success, you don't have to make a huge profits before you tag it as success.

[Dzwaafu11]

Easy man! This statement of yours can give folks the impression that price decline should always create emotional stress.
If someone has long term plan, uses DCA and only invest money that won’t be needed in short term, then price drops shouldn't automatically cause fear or discomfort.Market volatility is a part of Bitcoin, so anybody investing long term should be expect it instead of acting surprised at it.
Long term investors shouldn’t be bothered about price drops as long they steadily accumulating BTC within their means

And any investor who even have the basic and Fundamental knowledge of bitcoin investment won't even plan for a short time entry, because he actually know that he will no gain any profit from the short time investment.

That is why every bitcoin investor is planning for a long time, so whether the market decline or not they will no boarder touching the investment, but what is the essence of investment and after a week or a month you are thinking on how withdraw the funds, that is not a long time investment.

[Moreno233]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

Using the DCA method actually solve lots of the problems people face in Bitcoin investing such as FOMO, greed and others. When these attributes are removed, the investor is bound to make progress in his investing. In addition to this, the DCA method allow low income earners to start small and build great things with time. The DCA method is indeed one way of making investment not to be treated as gambling, hence, people should adopt it more.

[ejikeme24]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

It's good that you understand the importance of buying with the DCA strategy, of course the DCA strategy could safe us from being stressed out in our accumulation journey. With the DCA strategy you don't have time to make expectations or speculate that the price will go up or down instead you will be buying irrespective of the market condition, and sure in an investment where the price of a commodity is so fluctuating, you need not to wait for it's downtown but to buy from any given amount because if you choose to wait you might end up not buying Bitcoin throughout the year.