Most people are playing the wrong Bitcoin game

[Livingleged]

I think we are supposed to have emergency funds for our emergency, if we actually have good plan, the emergency fund should help, but in a situation where the emergency fund is not more available, the best thing to actually do is to find another means which can be touching your Bitcoin holdings if what you are supposed to use it for is really important, but you will have to buy back once you have another means regardless of the price since you also sold without considering the price just to make sure you cover your needs. There is no reason for leaving your Bitcoin holdings to borrow money or suffer because if there is life, there is hope, you can make more money and buy more.

As simple as it is, one isn’t supposed to actually be suffering in the name on holding or trying to build portfolio. Bitcoin accumulation is supposed to be done without feeling the pressure. that way, you can’t even think of selling premature. However situations can happen that you may be out of you emergency fund and your only option is to fall back to your holding for surviving the moment, there is absolutely nothing wrong in that, and I also support that with my full chest, and you must not even buy the portion you sold back at the very moment you are out of the situation I feel just keeping to your routine of buying should be just enough.

[Comeacross]

I have the same thoughts as you. If your bitcoin is the last asset you have to just to survive this world, why wouldn't you sell it? We invest to make profit but it doesn't mean we can't sell on a loss. If the reason is very strong like life threatening, majority of the people would sell. You can't bring bitcoins to the grave.

Holding bitcoin and accumulating bitcoin for the sake of profit is ok, it is the reason of the majorty why they hold but there are times that we need to sell at a loss.

For you to find yourself in a situation like this where Bitcoin is the last asset you have to survive in this world mean you either did not plan well from the beginning or things really get bad beyond your control. Sometimes, people deliberately put themselves unknowingly in a situation like this due to poor planning. It's important to always consider situation like this while you're investing in bitcoin. It's one of the reasons why it's ideal to build back up funds, have a reserve cash for emergency cases and always invest with amount you can afford to lose. Do not invest with the mindset as if Bitcoin is your emergency fund. You'll hardly be in this condition if you do everything rightly unless a serious calamity happens.

[HashRate Hero]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

You can also try selling every 4 year market cycle and then buying the bottom

I appreciate the idea !

Cycle tops miss the exact bottom due to taxes and lag; pair cycle exits with capitulation DCA instead.

[Abu-Naim]

Cycle tops miss the exact bottom due to taxes and lag; pair cycle exits with capitulation DCA instead.

Getting the exact top and the bottom is very difficult since the market is not predictable and it is volatile; if you wish to have your investment in cycles like four years difference, you can target near the top to sell off your holdings, and target near the bottom to start buying back since you can’t get the right price of both the top and the bottom.

Preferably, if you want to hold for long as your long term investment, you can just keep holding no matter the amount, then buy more when you see another opportunity because the bottom position don’t usually remain the same especially after another all time high, so you don’t expect the same bottom as the previous bottom you bought your Bitcoin.

[HashRate Hero]

Preferably, if you want to hold for long as your long term investment, you can just keep holding no matter the amount, then buy more when you see another opportunity because the bottom position don’t usually remain the same especially after another all time high, so you don’t expect the same bottom as the previous bottom you bought your Bitcoin.

We can say that approximate zones rather than perfection is the only way to survive the chop. Chasing the exact wick usually just leaves you "offside" and stressed.

[LUCKMCFLY]

I think we are supposed to have emergency funds for our emergency, if we actually have good plan, the emergency fund should help, but in a situation where the emergency fund is not more available, the best thing to actually do is to find another means which can be touching your Bitcoin holdings if what you are supposed to use it for is really important, but you will have to buy back once you have another means regardless of the price since you also sold without considering the price just to make sure you cover your needs. There is no reason for leaving your Bitcoin holdings to borrow money or suffer because if there is life, there is hope, you can make more money and buy more.

You're absolutely right. I used to make a mistake when investing in BTC: when an emergency arose, I had nowhere to turn for money because I couldn't find any options. So I had to touch my investment, which left me psychologically devastated.

An emergency fund built in stablecoins is ideal to avoid touching your BTC investment. However, when that emergency fund runs out, it's necessary to explore all available options using fiat currency including going to banks, applying for loans, and seeking financing. You have to take on fiat debt and hold out until the very last moment, avoiding touching your BTC at all costs.

[Awaklara]

As simple as it is, one isn’t supposed to actually be suffering in the name on holding or trying to build portfolio. Bitcoin accumulation is supposed to be done without feeling the pressure. that way, you can’t even think of selling premature. However situations can happen that you may be out of you emergency fund and your only option is to fall back to your holding for surviving the moment, there is absolutely nothing wrong in that, and I also support that with my full chest, and you must not even buy the portion you sold back at the very moment you are out of the situation I feel just keeping to your routine of buying should be just enough.

Because you can invest, you must also be able to manage your finances well. An emergency fund is something that is often underestimated by beginners in investing. They use all the money that is not used for investing. Such beginner investors do not have good financial management and are very prone to investment failure. Unless the purpose of purchasing Bitcoin is indeed as a money reserve. This would be something different.
If you can protect the investments you have already made, do so as best as possible. If it is indeed necessary to sell part or all of it, it must be done for something more important. Nothing is easy in such a situation.

[HashRate Hero]

An emergency fund is something that is often underestimated by beginners in investing. They use all the money that is not used for investing.

Totally agree on the mental freedom aspect. Do you think BTC volatility ever lets it truly act as an emergency fund?

[Jostern]

Most people are trying to time the top or bottom of Bitcoin .


Honestly ? This ( Best strategy ) has always been the most boring one : All we have to do is stack sats then log off .

We have to stop checking the charts every five minutes , Our future will thank us for the peace of mind.

Agree ?

You can never take away the fact that people would always time the market, and there are people who will always speculate about bitcoin, personally I just think the DCA is the best strategy to invest and hold bitcoin, it’s best we start buying and holding bitcoin, for people who are low income earners, and they want to buy bitcoin, the best strategy is DCA technique that people can keep buying and accumulate bitcoin, I don’t think there is anything you can do about people buying and investing in bitcoin and still check the chat, it’s just there decision and I believe it’s good for them.

[Nrcewker]

Most people are trying to time the top or bottom of Bitcoin .

And these people are called traders. But OP is referring to holders. With Bitcoin, if you want to make the most profit from it you need to simply hold the coins. People need to understand and be clear about the fact that the supply of Bitcoin is fixed. No more Bitcoins can ever be created.

At the same time the demand to accumulate Bitcoin is increasing day by day. Hence if you simply hold your coins or if possible accumulate a little extra then when the demand reaches its peak, you can potentially make the most profit from it. The OP is trying to say the same thing and I am also advising the same. Its very simple as I have mentioned, to make money from Bitcoin.

[Gost ms]

Most people are trying to time the top or bottom of Bitcoin .

And these people are called traders. But OP is referring to holders. With Bitcoin, if you want to make the most profit from it you need to simply hold the coins. People need to understand and be clear about the fact that the supply of Bitcoin is fixed. No more Bitcoins can ever be created.

At the same time the demand to accumulate Bitcoin is increasing day by day. Hence if you simply hold your coins or if possible accumulate a little extra then when the demand reaches its peak, you can potentially make the most profit from it. The OP is trying to say the same thing and I am also advising the same. Its very simple as I have mentioned, to make money from Bitcoin.

You are contradicting yourself. Because you are saying that investing is the best and in the end you are saying that buying at a low price and selling when the price of Bitcoin is high will make you profit, the person who does this is definitely a trader and he is never an investor. The goal of an investor is to keep their investment time frame for a long time like 4 to 10 years. The person who buys at a low price and sells at a high price is never an investor.

Every person needs to focus on their long-term investment and for small profits they may be deprived of big profits in the future. The person who does this will definitely gradually become addicted to trading and by becoming addicted to trading, he may lose his control and may face losses at some point, so always focus on long-term investment.

[Shineup]

I have the same thoughts as you. If your bitcoin is the last asset you have to just to survive this world, why wouldn't you sell it? We invest to make profit but it doesn't mean we can't sell on a loss. If the reason is very strong like life threatening, majority of the people would sell. You can't bring bitcoins to the grave.

Holding bitcoin and accumulating bitcoin for the sake of profit is ok, it is the reason of the majorty why they hold but there are times that we need to sell at a loss.

For you to find yourself in a situation like this where Bitcoin is the last asset you have to survive in this world mean you either did not plan well from the beginning or things really get bad beyond your control. Sometimes, people deliberately put themselves unknowingly in a situation like this due to poor planning. It's important to always consider situation like this while you're investing in bitcoin. It's one of the reasons why it's ideal to build back up funds, have a reserve cash for emergency cases and always invest with amount you can afford to lose. Do not invest with the mindset as if Bitcoin is your emergency fund. You'll hardly be in this condition if you do everything rightly unless a serious calamity happens.

Majority of the failures are as a result of poor planing, it is very important that we put our best in whatever we are doing so that even when things goes wrong to an extend you can appreciate yourself of how much effort you have made, man can proposed while nature can opposed, there is no guarantee that things can't go wrong regardless of how good and perfect your plans are let bad situation not happen to you and beyond your control, trust me no one can be too perfect for this kind of situation. It is ok to have good investment plans, we should also be hopeful that we shouldn't find ourselves in a bad situation.

[Youngrebel]

It is ok to have good investment plans, we should also be hopeful that we shouldn't find ourselves in a bad situation.

Swears, heaving a good investment plan is good but finding yourself in a kind of terrible situation that can destroy your plan and everything you have worked for is what I actually fear most and thats why preparation for for what ever happen of preparing for unexpected situations is a good step to take because life happens and anything can change at any give time time and that is why it is wise and safe to have an emergency fund and avoid investing money that you might suddenly need because that alone is like taking risk. Good planning is not only about making profits, but also about protecting yourself when things don’t go as planned.

[RockBell]

I have the same thoughts as you. If your bitcoin is the last asset you have to just to survive this world, why wouldn't you sell it? We invest to make profit but it doesn't mean we can't sell on a loss. If the reason is very strong like life threatening, majority of the people would sell. You can't bring bitcoins to the grave.

Holding bitcoin and accumulating bitcoin for the sake of profit is ok, it is the reason of the majorty why they hold but there are times that we need to sell at a loss.

For you to find yourself in a situation like this where Bitcoin is the last asset you have to survive in this world mean you either did not plan well from the beginning or things really get bad beyond your control. Sometimes, people deliberately put themselves unknowingly in a situation like this due to poor planning. It's important to always consider situation like this while you're investing in bitcoin. It's one of the reasons why it's ideal to build back up funds, have a reserve cash for emergency cases and always invest with amount you can afford to lose. Do not invest with the mindset as if Bitcoin is your emergency fund. You'll hardly be in this condition if you do everything rightly unless a serious calamity happens.

Many people don't make plans when it comes to Bitcoin. Additionally, if you don't adequately plan, you won't be able to benefit from it. How would you like to make a Bitcoin investment? Your final option will solely involve Bitcoin, and in my opinion, you should have a road plan before you do anything. This way, you will have a guide of what you want to do, and I'm confident that your emergency cash will be included. and these are some of the reasons you should do your homework before you begin. These are just the fundamentals that people need to know and do, but they are simply very casual about the whole. When you invest, there should be no other way for you to sell; no matter what emergency arises, you must sell.

[Nanga Parbat]

Of course, we can't blame the people who try to buy at the lower price. During this bearish season, all people must hope to buy at the bottom. However, the safest way should be DCA, we but at varied prices. We don't know whether we can succeed to buy at the real bottom or not. If we do DCA strategy in accumulating Bitcoin, we can ensure to buy at any moment of cheap prices. However, we must determine in which price to start DCA and when to stop it. I personally start my DCA when Bitcoin price dropped below $60k few months ago. I will stop it when Bitcoin price will be above $80k. I only keep 10%-15% of my funds for accumulating at the price $75k-$80k. How about you?

Peoples usually enter with their budget they never think about how market is going introduction of Regular accumulation is blessing because with this system now many are accumulating bitcoin through their own way and have their best targets I read about your strategy and feeling good even I have my targets till this reach to $100K then I will be do something because I am doing this for long run strategy while my second target is $150K then maybe I will stop and have some changes. Recent good increase in price give me good motivation and now I am more optimistic about holding Bitcoin for long time things has never been easily predictable but still believing in bitcoin always give me good encouragement to have good amount in my wallet for long time August give good change hopefully this momentum will be stay like this in September because if things will be stay on this level this start of 2027 will be good for all.