Buy the DIP, and HODL!

[abaeze]

Well, anyone can do what they like with their income, but trading is highly risky and should be avoided. Investing in Bitcoin is more better and peaceful compared to trading since Bitcoin investment gives you enough time to focus on other of your activities or business perfectly well without pressure of reading charts always, eyes glued to the screen monitoring market movement and so on

Of course, we are free to do whatever we want with our own money, including trading or investing in BTC for the long term. Trading is indeed much riskier than investing because investing is easier to do—we just buy BTC and hold it for the long term. Trading, on the other hand, requires constant monitoring of the market, which can be exhausting and sometimes interfere with our real-world activities. So, yes, it's true that for convenience, investing in BTC for the long term is the most comfortable option.

Lately, I’ve been hearing a lot about people losing money through trading, but I’ve never heard of anyone losing money through long-term BTC investment. Have you ever heard of someone losing money through long-term BTC investment? This certainly indicates that long-term BTC investment is the best option compared to trading. But of course, everyone has their own rights to choose whatever they want.

It is a well known fact that investing in Bitcoin is safer than trading. So instead of dreaming of getting rich overnight through trading, it is better to start investing in Bitcoin with small amounts and build your investment capacity. People learn best through experience, but when you learn trading, you have to lose, but when you learn investing in Bitcoin, there is no chance of losing, especially if you invest for the long term. Since everyone has a different risk taking capacity, start small, learn, build your confidence, and then gradually increase your investment if you want.

[Lembo69]

But of course, everyone has their own rights to choose whatever they want.

The best currency I have seen is Bitcoin. I have not found any alternative to Bitcoin. So my advice would be to invest in Bitcoin.

You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.

Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.

There are many investors who cannot survive in the market even after thinking long-term. They may not know that the rule of investment is to invest with money that they are ready to lose.

[Jaksonhard]

I suppose that it is important that you are saying that you learned a lesson, yet it is still difficult to know if you really did learn a lesson that will contribute towards your being able to make sufficient and adequate changes.

It well be the case that not ONLY was your emergency funds inadequate, it also could be the case that you were not serious enough about bitcoin.. and you ultimately cashed out of too much too soon of your bitcoin based on your lack of bitcoin comitment and your losss aversion when you saw the BTC price going down.

You proclaim that you now have it figured out.. but you may well not have it figured out since part of your problem seems to be that you are not convicted to making sure that you build and hold your bitcoin for 10 years or longer.. which is part of the reason that you cashed out ..and wanting to cash out while still in profits.

It is an accurate and truthful analysis. Typically the deficiency of emergency funds is not always the problem but perhaps even more so the absence of a commitment to a long-term strategy. When the market goes down, fear and loss aversion come into play, thus removing the ability to hold for the long-term when individuals do not have a long-term view of investing in bitcoin or any cryptocurrency in general. When someone says that "I have it figured out now", it does not always reflect the change in the underlying behavior; therefore, being committed to bitcoin include being able to clearly define what an emergency fund is versus when to invest, and to be mentally equipped to hold through volatility. If no commitment is made, therefore individuals are unable to break the cycle of making the same errors over and over again.

So, then there can be BIG questions concerning how to fix matters and to get onto a correct track of accumulating bitcoin 4-10 years or longer and at the same time to make sure that the cash cushions are sufficient and the back up plans are sufficient in order to continue to build a bitcoin investment portfolio, since it tends to take a long time to build up a bitcoin investment portfolio, and part of the process is building up the bitcoin, and another part of the process is protecting the bitcoin so that they are not tapped into. .and we have various other resources that we touch on first prior to even having to tap into our bitcoin... yeah, sure anything can end up being emergencies when our income goes down and/or our expenses go up...and so these kinds of situations could potentially last for several months, so if we are depleting our funds it becomes urgent to try to figure out how to decrease our expenses and/or increase our income so we can discontinue from depleting any extra funds that we have, and yeah, the situation had gotten pretty bad if we end up tapping into our bitcoin at a time that was prior to our expectations.

What you identify are two of the biggest hurdles with regards to Bitcoin: building a Bitcoin position will take years, while at the same time protecting your investment will also take planning and discipline but can take considerably less time than building a Bitcoin position. Therefore, having a good amount of cash in hand and having a contingency plan is critical. Having cash in reserve and a contingency plan allows your Bitcoin investments not to be treated as your emergency fund. If a person's cash flow drops or costs rise over a long period of time, they must prioritize working to restore their cash flow through either reducing costs or obtaining additional sources of income. If a person withdraws too much from their Bitcoin reserves too soon, it clearly demonstrates that they did not have an adequate cash reserve or an acceptable plan for financial stability, and has nothing at all to do with whether or not Bitcoin was "successful."

It's true developing and/or cultivating the habit of saving, investing, and spending wisely takes effort and dedication. There is one major reason why individuals continue to save their "back-up" cash, and that is liquidity; meaning that cash should be readily accessible for use whenever needed and be fairly consistent in its perceived value. This is why many an individual will hold either cash in U.S. dollars or a U.S. dollar equivalent, regardless of whether or not their expenses are incurred in the local currency they are using. Given that the U.S. dollar typically has a longer history of holding its value better than other less stable local currencies, this method provides a measure of insurance against potential volatility of currencies. Therefore, when evaluating all the factors involved, opting to use the U.S. dollar for use as a stable reserve currency has the potential to offer a level of financial protection in practicality.

Even if a person chooses the dollar as one of their ways of keeping back up funds, they also need to consider proportions and even liquidity, whether they are keeping physical cash or if they are exchanging the dollars into their local currency, or if there might be some ways to pay for some of their expenses using the dollar.  How to keep back up funds is likely a bit of a moving process, especially if dealing with attempts to value multiple currencies.. so yeah, volatility and liquidity are considered which also includes possibilities of funds getting frozen (or delayed) when they are kept in certain locations, and sometimes we might not know how long it takes to get the funds if had not attempted to access them for several years... and it could make a difference if it is 10% of our funds held in such a way or if it is 60% or more held in that way, and if it is a higher amount, then we might have an obligation to test those funds from time to time... even if there might be a transfer and then a transfer back... or maybe the transfer is merely $50, so it is not a lot, and so when we transfer $50 from one system , then maybe we will transfer $70 into another location, so we are not depleting our funds but instead continuing to add to funds, even when we are sometimes testing aspects of availability (and perhaps if there are fees involved, too).

Backup Fund (a/ b, c, d) Backup funds should not only be viewed as cash, but should also include availability on-demand when needed without waiting for approval. The size of your backup fund is going to be important too - for example, while having 10% of your portfolio in cash may seem to be safe today, it would no longer feel safe with an increase in that percentage to 60% unless you have adequate planning in place. Liquidating your backup fund could create unexpected losses due to liquidations, reduced liquidity, increased cost and a risk of delayed access or frozen accounts, etc. Personally, I like the idea of testing access by making small dollar transfers from my backup fund periodically so that I am not using all available resources to test access. Your backup fund will be subject to fluctuations in availability due to changes in conditions, technology and your individual needs.

[Stormisover]

There's is no fun in trading it's just  a waste of time and energy, the losses there are in unimaginable. The risk at trading is x10 times  that of investing. You know, traders wants quick money, they don't know the meaning of long term growth, that why they jump in from one trade to another with different strategies, hoping to see profit. At times a trader might only see profit once a week or sometimes their full week might end in losses. Hadn't they have been using that capital that they are burning day and night to invest in bitcoin, they would have seen massive rewards from it .

This is why trading is not suitable for everyone. The high risks and uncertainty involved can be frustrating for traders. Furthermore, trading can be mentally and financially draining for anyone who doesn't fully understand what trading is all about. Those who frequently switch strategies may want to make quick profits, this mindset often gets trapped in an unrealistic “get rich quick” situation. In my opinion, long-term investment (especially Bitcoin) is a good choice if done with the right strategy (DCA), although it cannot be denied that every investment has risks, but with the DCA method Investors can reduce risk because they buy assets regularly at an average price so they don't have to worry about high or low prices.

With the possibility to lose money in such a short period of time it makes trading perhaps not suitable for everyone, I agree with that. There are those who are mentally strong when they experience losses, but that is because they have sufficient knowledge and experience, while others who only see a few percent drop may panic.

So holding is more recommended, especially for beginners who are just getting to know and want to jump into the crypto world. At least if you want to trade, then we must first train our mentality, knowledge and skills and financial management properly.

Holding is recommended generally for every level of investor because of the power of compounding effect that will happen to the value of your asset over the long period of time of holding, holding create a higher chances of your asset growing, more precisely the thread lays it's emphasis on Bitcoin on it's own and not crypto so when next you are giving reference to any crypto please be specific, of it is Bitcoin say is Bitcoin, surely Bitcoin is not a coin to be traded over Short term profit and anyone doing that doesn't really understand what Bitcoin stands for over a long term.

[Mr_Brilliant$]

With bitcoin, you have one of the best, if not the best, of assets available to you, and you want to fuck around trying to trade it rather than accumulate it?

You also want to suggest that there is some prudence in trading when more likely ar0und 95% or more of traders are either losing money orfailing to outperform simply buying and accumulating bitcoin, especially if we are talking a couple of cycles or more.

How many traders could have had beat a bitcoin accumulation strategy if the timeline is longer than 8 years?

You act as if it is possible to get better at your trading, and sure that is probably true that folks can spend time trading and they can get better, yet it is still likely not very common for anyone to actually be able to beat bitcoin in a timeline that is more than 8 years, so we should not be acting as if trading bitcoin is either normal or something that should be attempted - except maybe with less than 10% of the size of the bitcoin holdings for those folks who are so degenerate that they cannot resist trading (gambling) with their bitcoin, so if they could at least limit their exposure to trading to less than 10% the size of their bitcoin holdings, then at least they would limit their losses, yet part of the problem with trading/gambling is that there difficulties in controlling the devolution and temptations to add more and more and more until they end up losing all of their money when they otherwise could have had a good investment into bitcoin..

By the way CryptoPanda, this is not even a trading thread, even though there is "buy the dip" in the title.

You have been registered on the forum since November 2012.  Holy shit.  You still are fucking around with trading or believing in trading likely shows that you have not learned any lessons in the past 13-ish years... You could be rich as fuck right now even if you had ONLY invested a relative small amount into bitcoin over the past 13 years and if you had not fucked around with trading.. yet I bet your own holdings are not even close to being competitive with a basic buy and hold strategy.. Yet, what?  you think that the future for trading in bitcoin is going to be better than its past?  I will grant you that it is likely that bitcoin is not going to appreciate as much as it had been in the last 13 years, so the price dynamics in bitcoin are likely going to be less steep to the upside as they had been in the past 13 years.

People should really know better than to keep fucking around with trading bitcoin. Trading Bitcoin is like gambling with your money and that's total bullshit, and people should always stay the hell away from it. Some traders will always want to think that they are different simply because of a few wins but yet their story always end up like the others. Really let's traders stop with the pretense, Trading is mentally exhausting, stressful but yet can never still be better than holding. Holding Bitcoin always beats trading anyday and anytime.

That is it, I will not even lie... People that use to trade Bitcoin they’re just gambling and calling it a skill.. When they first start winning, they feel they are smart, then one wrong prediction, they will wipe off everything and that is normally how the story ends..  This do happen many times…

I know a lot of us here us to see screenshots of trading out there, and how it looks good, but the stress behind it is crazy…. They will be always watching charts, always guessing and all of that… it is just too draining…

[POPOLUV]

With bitcoin, you have one of the best, if not the best, of assets available to you, and you want to fuck around trying to trade it rather than accumulate it?

You also want to suggest that there is some prudence in trading when more likely ar0und 95% or more of traders are either losing money orfailing to outperform simply buying and accumulating bitcoin, especially if we are talking a couple of cycles or more.

How many traders could have had beat a bitcoin accumulation strategy if the timeline is longer than 8 years?

You act as if it is possible to get better at your trading, and sure that is probably true that folks can spend time trading and they can get better, yet it is still likely not very common for anyone to actually be able to beat bitcoin in a timeline that is more than 8 years, so we should not be acting as if trading bitcoin is either normal or something that should be attempted - except maybe with less than 10% of the size of the bitcoin holdings for those folks who are so degenerate that they cannot resist trading (gambling) with their bitcoin, so if they could at least limit their exposure to trading to less than 10% the size of their bitcoin holdings, then at least they would limit their losses, yet part of the problem with trading/gambling is that there difficulties in controlling the devolution and temptations to add more and more and more until they end up losing all of their money when they otherwise could have had a good investment into bitcoin..

By the way CryptoPanda, this is not even a trading thread, even though there is "buy the dip" in the title.

You have been registered on the forum since November 2012.  Holy shit.  You still are fucking around with trading or believing in trading likely shows that you have not learned any lessons in the past 13-ish years... You could be rich as fuck right now even if you had ONLY invested a relative small amount into bitcoin over the past 13 years and if you had not fucked around with trading.. yet I bet your own holdings are not even close to being competitive with a basic buy and hold strategy.. Yet, what?  you think that the future for trading in bitcoin is going to be better than its past?  I will grant you that it is likely that bitcoin is not going to appreciate as much as it had been in the last 13 years, so the price dynamics in bitcoin are likely going to be less steep to the upside as they had been in the past 13 years.

People should really know better than to keep fucking around with trading bitcoin. Trading Bitcoin is like gambling with your money and that's total bullshit, and people should always stay the hell away from it. Some traders will always want to think that they are different simply because of a few wins but yet their story always end up like the others. Really let's traders stop with the pretense, Trading is mentally exhausting, stressful but yet can never still be better than holding. Holding Bitcoin always beats trading anyday and anytime.

I so much believe that those investors that is still having the mindset of trading are the gamblers when it comes to Bitcoin investments and which it very difficult for them to remove their mind from gambling because the eager of quick money has been their mindset all this while and i don't know why they are still gambling even when they know the risks associated with Bitcoin trading, i will advise any newbies to avoid trading and focus on buying and hold with your discretionary income.

[Chainspector]

Well, anyone can do what they like with their income, but trading is highly risky and should be avoided. Investing in Bitcoin is more better and peaceful compared to trading since Bitcoin investment gives you enough time to focus on other of your activities or business perfectly well without pressure of reading charts always, eyes glued to the screen monitoring market movement and so on

That’s a bit extreme, don’t you think? You make it sound like traders are paranoid people who are consumed by screen time. Every trader has a system that allows them to trade freely and focus on other activities without constant monitoring.

Trading is not a plague to be avoided, you just have to possess the necessary knowledge and skills to be successful at it. Just as DCA is a recommended approach for long term hodlers, likewise proper risk management, clear strategies, and discipline serve the same purpose for traders.

With bitcoin, you have one of the best, if not the best, of assets available to you, and you want to fuck around trying to trade it rather than accumulate it?

You also want to suggest that there is some prudence in trading when more likely ar0und 95% or more of traders are either losing money orfailing to outperform simply buying and accumulating bitcoin, especially if we are talking a couple of cycles or more.

How many traders could have had beat a bitcoin accumulation strategy if the timeline is longer than 8 years?

You act as if it is possible to get better at your trading, and sure that is probably true that folks can spend time trading and they can get better, yet it is still likely not very common for anyone to actually be able to beat bitcoin in a timeline that is more than 8 years, so we should not be acting as if trading bitcoin is either normal or something that should be attempted - except maybe with less than 10% of the size of the bitcoin holdings for those folks who are so degenerate that they cannot resist trading (gambling) with their bitcoin, so if they could at least limit their exposure to trading to less than 10% the size of their bitcoin holdings, then at least they would limit their losses, yet part of the problem with trading/gambling is that there difficulties in controlling the devolution and temptations to add more and more and more until they end up losing all of their money when they otherwise could have had a good investment into bitcoin..

By the way CryptoPanda, this is not even a trading thread, even though there is "buy the dip" in the title.

You have been registered on the forum since November 2012.  Holy shit.  You still are fucking around with trading or believing in trading likely shows that you have not learned any lessons in the past 13-ish years... You could be rich as fuck right now even if you had ONLY invested a relative small amount into bitcoin over the past 13 years and if you had not fucked around with trading.. yet I bet your own holdings are not even close to being competitive with a basic buy and hold strategy.. Yet, what?  you think that the future for trading in bitcoin is going to be better than its past?  I will grant you that it is likely that bitcoin is not going to appreciate as much as it had been in the last 13 years, so the price dynamics in bitcoin are likely going to be less steep to the upside as they had been in the past 13 years.

I've been investing by buying Bitcoin bit by bit, adjusting to my financial capabilities. Initially, everything was going well, and this continued for quite some time, but an unexpected situation occurred that forced me to sell my investment. Although I had an emergency fund, it wasn't sufficient, so I had no choice but to sell it.

What went wrong with that incident? I personally think the problem was my emergency fund, which may have been inadequate. If I had prepared a slightly larger emergency fund, it might not have affected my investment.

But even though I sold it, there was a positive side: the investment helped me in an emergency. Going forward, I will invest again using the DCA strategy and pay more attention to my emergency fund. Although I could have handled the emergency situation with borrowing, I don't want to borrow for my own reasons. There are lessons I learned here, and I will use them as a basis for future evaluation.

I suppose that it is important that you are saying that you learned a lesson, yet it is still difficult to know if you really did learn a lesson that will contribute towards your being able to make sufficient and adequate changes.

It well be the case that not ONLY was your emergency funds inadequate, it also could be the case that you were not serious enough about bitcoin.. and you ultimately cashed out of too much too soon of your bitcoin based on your lack of bitcoin comitment and your losss aversion when you saw the BTC price going down.

You proclaim that you now have it figured out.. but you may well not have it figured out since part of your problem seems to be that you are not convicted to making sure that you build and hold your bitcoin for 10 years or longer.. which is part of the reason that you cashed out ..and wanting to cash out while still in profits.

So, then there can be BIG questions concerning how to fix matters and to get onto a correct track of accumulating bitcoin 4-10 years or longer and at the same time to make sure that the cash cushions are sufficient and the back up plans are sufficient in order to continue to build a bitcoin investment portfolio, since it tends to take a long time to build up a bitcoin investment portfolio, and part of the process is building up the bitcoin, and another part of the process is protecting the bitcoin so that they are not tapped into. .and we have various other resources that we touch on first prior to even having to tap into our bitcoin... yeah, sure anything can end up being emergencies when our income goes down and/or our expenses go up...and so these kinds of situations could potentially last for several months, so if we are depleting our funds it becomes urgent to try to figure out how to decrease our expenses and/or increase our income so we can discontinue from depleting any extra funds that we have, and yeah, the situation had gotten pretty bad if we end up tapping into our bitcoin at a time that was prior to our expectations.

Each of us do need to figure out our own particulars in terms to our income and/or our expenses, since surely something like employability or having a family or not or having good health or not, these are going to be factors that specifically affect situations surrounding our income and our expenses.

No matter what saving, investing and even consuming within reason remains challenging to accomplish and to build.. .and one of the main things with back up funds is to have liquidity (meaning availability) and lack of volatility (meaning that it is mostly pegged to the currency in which expenses are paid).  Surely with the volatility angle, there are folks who purposefully choose to hold dollar or some dollar equivalent, even though their bills are denominated in another currency (their local currency), and generally the dollar tends to hold its value relative to most other currencies at most times, so there is material problem holding dollars, including that dollars will frequently hold their value better than the local currency.

It's true developing and/or cultivating the habit of saving, investing, and spending wisely takes effort and dedication. There is one major reason why individuals continue to save their "back-up" cash, and that is liquidity; meaning that cash should be readily accessible for use whenever needed and be fairly consistent in its perceived value. This is why many an individual will hold either cash in U.S. dollars or a U.S. dollar equivalent, regardless of whether or not their expenses are incurred in the local currency they are using. Given that the U.S. dollar typically has a longer history of holding its value better than other less stable local currencies, this method provides a measure of insurance against potential volatility of currencies. Therefore, when evaluating all the factors involved, opting to use the U.S. dollar for use as a stable reserve currency has the potential to offer a level of financial protection in practicality.

Even if a person chooses the dollar as one of their ways of keeping back up funds, they also need to consider proportions and even liquidity, whether they are keeping physical cash or if they are exchanging the dollars into their local currency, or if there might be some ways to pay for some of their expenses using the dollar.  How to keep back up funds is likely a bit of a moving process, especially if dealing with attempts to value multiple currencies.. so yeah, volatility and liquidity are considered which also includes possibilities of funds getting frozen (or delayed) when they are kept in certain locations, and sometimes we might not know how long it takes to get the funds if had not attempted to access them for several years... and it could make a difference if it is 10% of our funds held in such a way or if it is 60% or more held in that way, and if it is a higher amount, then we might have an obligation to test those funds from time to time... even if there might be a transfer and then a transfer back... or maybe the transfer is merely $50, so it is not a lot, and so when we transfer $50 from one system , then maybe we will transfer $70 into another location, so we are not depleting our funds but instead continuing to add to funds, even when we are sometimes testing aspects of availability (and perhaps if there are fees involved, too).

I’m still fairly new here and to the world of BTC, but this post hits the nail on the head.

I’ve spent the week reading through the thread, and it’s honestly wild how much energy goes into trying to time every 5% dip.

As a beginner, the temptation to play the market is definitely there because you want to grow your stack faster, but the math just doesn't support it. If 95% of professional traders (with better tools than me) can’t beat a simple Buy & Hold strategy over two cycles, what chance do I have?

[Mehmet69]

But of course, everyone has their own rights to choose whatever they want.

The best currency I have seen is Bitcoin. I have not found any alternative to Bitcoin. So my advice would be to invest in Bitcoin.

You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.

Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.

There are many investors who cannot survive in the market even after thinking long-term. They may not know that the rule of investment is to invest with money that they are ready to lose.

Yes, there is no doubt that Bitcoin is the best investment option. Bitcoin is considered the best currency due to its features. I agree with you because, till date, those who have invested in Bitcoin for a long time have never faced any loss.

Before starting investing in Bitcoin, investors think of investing for a long time. But, the main problem is not being able to set a goal for investing for a long time. They start investing without setting any goal. Due to not following the rules properly, they end up in financial crisis after a few days. so some investors face losses even after investing for one or two years.

An investor should continue to invest at least one cycle regularly. If someone plans to invest for one cycle, then he can definitely become a long-term investor. Because if he can maintain one cycle of investment, he will be properly familiar with all the ups and downs of Bitcoin.

[Jaycoinz]

It is a well known fact that investing in Bitcoin is safer than trading. So instead of dreaming of getting rich overnight through trading, it is better to start investing in Bitcoin with small amounts and build your investment capacity. People learn best through experience, but when you learn trading, you have to lose, but when you learn investing in Bitcoin, there is no chance of losing, especially if you invest for the long term. Since everyone has a different risk taking capacity, start small, learn, build your confidence, and then gradually increase your investment if you want.

Investment in Bitcoin is not a must so if anyone chooses to trade then he has my full support on but rest be sure to know that you will be on for one sweet rollercoaster ride because from my little experience trading is not something that I would put my faith on although there are thousands of ads and commercials online sighting how trading is so easy but what do you know, easier said than done right? The way trading is flashed online makes so many curious and greedy mind fellow to dive into the act and boy did do they find out the hard way.

[ZeroVinsonN]

An investor should continue to invest at least one cycle regularly. If someone plans to invest for one cycle, then he can definitely become a long-term investor. Because if he can maintain one cycle of investment, he will be properly familiar with all the ups and downs of Bitcoin.

I understand that the deal is go accumulate bitcoin for at least 1 cycle but speaking with all sincerity I don't really that you can get much from just 1 cycle of investment and I am convinced that no one can hit over-accumulation in just one cycle, I doubt two would even be enough so while people might say to hold for at least one cycle you should be aiming for much more than that if you are planning to really make good profit because at the end of the day bitcoin investment pays if they investor is will to go long term.

[red4slash]

You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.

Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.

There is no certainty about this because we must remember that bitcoin is risky and whether or not the results are the best or not, we ourselves determine whether we are willing to be at risk and ready for all forms of consequences or not.
Being in bitcoin is indeed very profitable but not all who are in bitcoin will end well so this needs to be a consideration for those who want to be in bitcoin in order to prepare mentally in advance before really jumping in because not a few of those who are fomo but have a bad mentality actually have to end up with destruction in the end.

In addition, long-term investment does not make sure that we will profit especially when talking about the risks that are owned in bitcoin. We must remember that being in the long term in bitcoin is actually only to minimize risk not as a benchmark in profit even though the hope remains to profit but in bitcoin nothing can really be ascertained considering this is a risky asset.

[redhack]

The best currency I have seen is Bitcoin. I have not found any alternative to Bitcoin. So my advice would be to invest in Bitcoin.
You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.
Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.

I see that people want to invest in other precious metals because they say they appreciated the most by 2025. Just because Bitcoin declined for a year doesn't make it a bad investment. Those who take a long-term view have always seen Bitcoin yield higher returns.
Gold rises one year and falls the next. Silver rises one year and falls five years. But Bitcoin never falls for three or four years straight. At least, nothing like that has happened in the past 15 years.
Those who see the bigger picture don't give up on Bitcoin investments. Even if it appears to be declining for one year, Bitcoin always rises higher in the next couple of years.

[Fara Chan]

<<<

<<<

I so much believe that those investors that is still having the mindset of trading are the gamblers when it comes to Bitcoin investments and which it very difficult for them to remove their mind from gambling because the eager of quick money has been their mindset all this while and i don't know why they are still gambling even when they know the risks associated with Bitcoin trading, i will advise any newbies to avoid trading and focus on buying and hold with your discretionary income.

Perhaps they still enjoy such activities, so they continue to do so even though they know the risks, which are very different from long-term investing. So, if you or anyone else cannot stop someone from pursuing their own interests, then avoid that person and don't give them advice if you've already given them advice in the past but have been ignored.

For beginners who are already prepared to become long-term investors, they certainly need to be given the best advice that doesn't deviate from their desired path. Because people who already have the intention to invest in Bitcoin for the long term will more often consider the best suggestions from others so that you don't seem to be wasting their time because most of what you suggest has already been implemented by beginners.

[JayJuanGee]

But of course, everyone has their own rights to choose whatever they want.

The best currency I have seen is Bitcoin. I have not found any alternative to Bitcoin. So my advice would be to invest in Bitcoin.
You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.

Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.
There are many investors who cannot survive in the market even after thinking long-term. They may not know that the rule of investment is to invest with money that they are ready to lose.

Yes, there is no doubt that Bitcoin is the best investment option. Bitcoin is considered the best currency due to its features. I agree with you because, till date, those who have invested in Bitcoin for a long time have never faced any loss.

Before starting investing in Bitcoin, investors think of investing for a long time. But, the main problem is not being able to set a goal for investing for a long time. They start investing without setting any goal. Due to not following the rules properly, they end up in financial crisis after a few days. so some investors face losses even after investing for one or two years.

An investor should continue to invest at least one cycle regularly. If someone plans to invest for one cycle, then he can definitely become a long-term investor. Because if he can maintain one cycle of investment, he will be properly familiar with all the ups and downs of Bitcoin.

I think that stacking for a whole cycle helps to build up the bitcoin holdings and to potentially reassess the progress to figure out if any changes might need to be made in regards to the ongoing accumulation or if enough bitcoin might have had been accumulated.

Even if a person had steadily invested 25% of their income per year over the past 4 years to reach 1 full year of income invested into bitcoin, they still might ONLY have slightly better than 2x price appreciation, which is the value would ONLY be slightly greater than 2 years of their income.. which I question the extent to which that would be enough BTC in order to justify making changes.. yet each person has to assess whether to make changes based on their assessments of their goals.

If a person keeps up at a similar investment rate, then maybe after 8 years they would have had invested around 2 years of their income, and they would have right around 11x to 12x of their income at BTC spot prices, and a lower number if we are looking at measuring value from the 200-WMA, yet after 8 years, they would be getting a lot closer to reaching their goal, even though surely investing at 25% per year would be quite difficult for most normal people to achieve on a regular basis, so 25% per year is a bit unrealistic, even though surely some folks could achieve something in that area.

I guess part of my point is that normal accumulation tends to take a long time, yet some folks might be able to front load their investment based on their being able to move other funds into bitcoin and/or other resources that they might have in the event that they had been investing prior to coming into bitcoin.

It is a well known fact that investing in Bitcoin is safer than trading. So instead of dreaming of getting rich overnight through trading, it is better to start investing in Bitcoin with small amounts and build your investment capacity. People learn best through experience, but when you learn trading, you have to lose, but when you learn investing in Bitcoin, there is no chance of losing, especially if you invest for the long term. Since everyone has a different risk taking capacity, start small, learn, build your confidence, and then gradually increase your investment if you want.

Investment in Bitcoin is not a must so if anyone chooses to trade then he has my full support on but rest be sure to know that you will be on for one sweet rollercoaster ride because from my little experience trading is not something that I would put my faith on although there are thousands of ads and commercials online sighting how trading is so easy but what do you know, easier said than done right? The way trading is flashed online makes so many curious and greedy mind fellow to dive into the act and boy did do they find out the hard way.

There is no need to try to talk nice about trading. It is a dumb thing to do - except maybe someone trying to learn trading and/or unable to control their inclinations to degenerately gamble, then maybe they could at least limit the size of their trading to be no more than 10% the size of their bitcoin investment.. without cheating.. Without taking more out of bitcoin to trade, so if they start out with 10% into trading, then every time they get paid and they allocate funds into bitcoin investment, they can take 10% of that to put into their trading funds.

Yeah, they are quite likely to lose money on their trading funds, especially after a couple of cycles, yet if they are able to control themselves they can measure and find out if they are even able to keep up their trading for 8 years.. and you never know... Maybe they might have figured out some system to not lose money relative to their investment holdings.

You can invest your money wherever you want. It is completely up to you. But if you can invest in Bitcoin, it can be the best investment of your life.
Long-term investment is able to bring profits in the long term. The biggest challenge of an investor is to survive in the market.

There is no certainty about this because we must remember that bitcoin is risky and whether or not the results are the best or not, we ourselves determine whether we are willing to be at risk and ready for all forms of consequences or not.

Not investing in bitcoin is pretty risky too, yet I suppose not investing, then maybe there is less execution risk because the money would stay in dollars or maybe just spend the money on various consumption goods?  Or do you have another investment (outside of bitcoin) in mind?

Being in bitcoin is indeed very profitable but not all who are in bitcoin will end well so this needs to be a consideration for those who want to be in bitcoin in order to prepare mentally in advance before really jumping in because not a few of those who are fomo but have a bad mentality actually have to end up with destruction in the end.

For one thing bitcoin is not guaranteed to  be profitable, so if you are saying that historically bitcoin has been profitable, then you are correct, but you are not guaranteed profits... especially the future might not be similar as the past, either.

In addition, long-term investment does not make sure that we will profit especially when talking about the risks that are owned in bitcoin. We must remember that being in the long term in bitcoin is actually only to minimize risk not as a benchmark in profit even though the hope remains to profit but in bitcoin nothing can really be ascertained considering this is a risky asset.

You bring up risk again.

Yes.  long term investing takes away short term volatility, but it does not take away other kinds of risk that might be related to execution or the various attacks on the value of the asset itself.

[ejikeme24]

I so much believe that those investors that is still having the mindset of trading are the gamblers when it comes to Bitcoin investments and which it very difficult for them to remove their mind from gambling because the eager of quick money has been their mindset all this while and i don't know why they are still gambling even when they know the risks associated with Bitcoin trading, i will advise any newbies to avoid trading and focus on buying and hold with your discretionary income.

Inasmuch as I  would like to say that trading is quite different from gambling because it has to do with profession and strategy but even as that I can't recommend anyone to look into trading considering how risky and stressful it is. So all beginners is advised to focus on investing for Long term rather than spending a whole lot of time in trying to build enough knowledge about trading, those time spend in trying to figure out how trading works and also the right strategy to adopt is enough for us to get the basic knowledge about Bitcoin investment and also accumulate for 3 to one month, while the trading guy is there struggling to gather the whole knowledge about trading, so to avoid getting the brain so worked up it is better we focus in getting the basic knowledge about Bitcoin investment since it doesn't stress the brain too much.

[barisbilgili]

I so much believe that those investors that is still having the mindset of trading are the gamblers when it comes to Bitcoin investments and which it very difficult for them to remove their mind from gambling because the eager of quick money has been their mindset all this while and i don't know why they are still gambling even when they know the risks associated with Bitcoin trading, i will advise any newbies to avoid trading and focus on buying and hold with your discretionary income.

Inasmuch as I  would like to say that trading is quite different from gambling because it has to do with profession and strategy but even as that I can't recommend anyone to look into trading considering how risky and stressful it is. So all beginners is advised to focus on investing for Long term rather than spending a whole lot of time in trying to build enough knowledge about trading, those time spend in trying to figure out how trading works and also the right strategy to adopt is enough for us to get the basic knowledge about Bitcoin investment and also accumulate for 3 to one month, while the trading guy is there struggling to gather the whole knowledge about trading, so to avoid getting the brain so worked up it is better we focus in getting the basic knowledge about Bitcoin investment since it doesn't stress the brain too much.

The risk is similar to gambling, so trading is often associated with gambling, and I completely agree with what you said that it is indeed better for us to forget about that and focus on investing.
I think investing in Bitcoin is very easy, we don’t need to worry about many things and just need to keep accumulating Bitcoin with discretionary income, so it doesn’t affect anything. We also need to realize that every investment definitely carries risks, but in terms of percentage, the risk for Bitcoin investment is very small. I am sure everyone believes that based on what has been observed in the past.

[Barrykbest]

With bitcoin, you have one of the best, if not the best, of assets available to you, and you want to fuck around trying to trade it rather than accumulate it?

You also want to suggest that there is some prudence in trading when more likely ar0und 95% or more of traders are either losing money orfailing to outperform simply buying and accumulating bitcoin, especially if we are talking a couple of cycles or more.

How many traders could have had beat a bitcoin accumulation strategy if the timeline is longer than 8 years?

You act as if it is possible to get better at your trading, and sure that is probably true that folks can spend time trading and they can get better, yet it is still likely not very common for anyone to actually be able to beat bitcoin in a timeline that is more than 8 years, so we should not be acting as if trading bitcoin is either normal or something that should be attempted - except maybe with less than 10% of the size of the bitcoin holdings for those folks who are so degenerate that they cannot resist trading (gambling) with their bitcoin, so if they could at least limit their exposure to trading to less than 10% the size of their bitcoin holdings, then at least they would limit their losses, yet part of the problem with trading/gambling is that there difficulties in controlling the devolution and temptations to add more and more and more until they end up losing all of their money when they otherwise could have had a good investment into bitcoin..

By the way CryptoPanda, this is not even a trading thread, even though there is "buy the dip" in the title.

You have been registered on the forum since November 2012.  Holy shit.  You still are fucking around with trading or believing in trading likely shows that you have not learned any lessons in the past 13-ish years... You could be rich as fuck right now even if you had ONLY invested a relative small amount into bitcoin over the past 13 years and if you had not fucked around with trading.. yet I bet your own holdings are not even close to being competitive with a basic buy and hold strategy.. Yet, what?  you think that the future for trading in bitcoin is going to be better than its past?  I will grant you that it is likely that bitcoin is not going to appreciate as much as it had been in the last 13 years, so the price dynamics in bitcoin are likely going to be less steep to the upside as they had been in the past 13 years.

People should really know better than to keep fucking around with trading bitcoin. Trading Bitcoin is like gambling with your money and that's total bullshit, and people should always stay the hell away from it. Some traders will always want to think that they are different simply because of a few wins but yet their story always end up like the others. Really let's traders stop with the pretense, Trading is mentally exhausting, stressful but yet can never still be better than holding. Holding Bitcoin always beats trading anyday and anytime.

I so much believe that those investors that is still having the mindset of trading are the gamblers when it comes to Bitcoin investments and which it very difficult for them to remove their mind from gambling because the eager of quick money has been their mindset all this while and i don't know why they are still gambling even when they know the risks associated with Bitcoin trading, i will advise any newbies to avoid trading and focus on buying and hold with your discretionary income.

Yeah, some new investors fall into gambling habits when they try to trade Bitcoin without knowledge or discipline.
But it’s also important to note that trading itself isn’t gambling by nature; it’s the trader’s mindset that makes the difference. A professional trader follows clear strategies, risk management, and patience and it's very different from someone chasing quick profits.
For most beginners, however, long-term investing and DCA remain the safest way to grow with Bitcoin. Once you’ve built enough understanding and emotional control.

[Mr_Brilliant$]

Yeah, some new investors fall into gambling habits when they try to trade Bitcoin without knowledge or discipline.
But it’s also important to note that trading itself isn’t gambling by nature; it’s the trader’s mindset that makes the difference. A professional trader follows clear strategies, risk management, and patience and it's very different from someone chasing quick profits.

Wait, I do not really get you here..  Are you trying to support trading or what? Because no matter how you package it with mindset, discipline or professional trader, trading itself is still a dangerous bullshit game…. Most people who claim they are pro’s still loss when trading...  So to me, trying to push trading in any form is just like opening that same door that will lead many people into losses..

You can say it is not gambling by nature, but in reality it is..  because it ends up looking exactly like gambling…. How can you claim you can accurately predict the next move of Bitcoin charts? Btw Bitcoin don’t care about you trading mindset at all..

That is why I do not think trading is something people should even get involved with at all, beginner or not…  Long term holding and DCA are not just safer, they are more realistic for normal people with jobs and almost every body..  Build, accumulate, stay patient. Anything that wants you to outsmart the market daily, just want you to get  into trouble and regret..

[ZeroVinsonN]

Yeah, some new investors fall into gambling habits when they try to trade Bitcoin without knowledge or discipline.
But it’s also important to note that trading itself isn’t gambling by nature; it’s the trader’s mindset that makes the difference. A professional trader follows clear strategies, risk management, and patience and it's very different from someone chasing quick profits.
For most beginners, however, long-term investing and DCA remain the safest way to grow with Bitcoin. Once you’ve built enough understanding and emotional control.

Regardless of how you try to sugarcoat it the simple truth is that bitcoin trading can never be compared to bitcoin investment, sure you might actually make a couple of successful trade every now and then and you might actually believe you are making profit and if you are even lucky you might be a part of the really small minority of traders who actually hit big but the chances of that happening are just too low and in the long run your profit will most likely not match that of a person who has been investing for over 2 cycles, in a best case scenario you will get a bit of profit out of bitcoin trading in the worst case scenario you lose everything you have to trading.
There is no way trading bitcoin beats investing it, the only reason why people want to trade in the idea of making quick profit, but if you dedicate that  much effort and time into investment then you would definitely be in a better position then you'd be with trading.
Maybe you are okay with trading and you really want to do it because a part of you can't just seem to look beyond the idea of getting quick cash, your greedy just won't let you then you could try to trade a small like say around less than 10% of your bitcoin holdings and this is only because you can't seem to convince yourself to stay away from trading, I'm saying 10% or less so that when you lose the money you wouldn't be too stressed about it, do anything more than that and you will have yourself to blame when things go south for you.
Still I will advise you to not for any reason trade your bitcoin.

[Barikui1]

Yeah, some new investors fall into gambling habits when they try to trade Bitcoin without knowledge or discipline.
But it’s also important to note that trading itself isn’t gambling by nature; it’s the trader’s mindset that makes the difference. A professional trader follows clear strategies, risk management, and patience and it's very different from someone chasing quick profits.
For most beginners, however, long-term investing and DCA remain the safest way to grow with Bitcoin. Once you’ve built enough understanding and emotional control.

The safest method to make money for beginners in this digital space is through Bitcoin investment, am not saying that it's risk free, what am trying to say is that the risk attached to investing in Bitcoin is nothing when compared to trading that even professionals still lose money, since no one can consistently predict the next move of Bitcoin price, unlike investment where you just have to buy and accumulate, and if you are informed enough to put down emergency and reserve funds in place to safeguard your Bitcoin investment, the probability of your investment being a success is very high if you can hold for 10 years or more, not trading that you can make like $50k in a week or monthly and use a single trade or day to lose everything if proper risk management strategy is not utilized.