Buy Buy Buy or Sell Sell Sell?

[ZeroVinsonN]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.

I disagree with you complete because the DCA method is not lacking anything. If you religiously apply the DCA method, you can achieve your Bitcoin objective. To be honest, the DCA method is the best method anyone can use to buy Bitcoin because it is organized, and well structured to suit all level of income class. It eliminates fear and FOMO because with it you will have to wait for the time to come and you click buy without bothering what the price will be.

As I learnt the DCA method, I became more motivated to buy and hold for long because I am not buying without fear and not thinking of selling my Bitcoin because I have worked out how to buy with amount that will not disturb me one bit. As I receive my salary, I simply push the part I want to invest into Bitcoin there and continue to meet my needs as though I did not remove any money from my side.

The DCA is an amazing strategy, but its still only a strategy, it won't grow your bitcoin portfolio for you, your discretionary fund will so while using the DCA to invest I great, its rather pointless if your don't have the money to invest with so I agree with Zackz5000, the DCA alone can not sustain your bitcoin investment, like any other investment strategy, it need money to be in use and you need your discretionary fund to make this happen.

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.

Why would you even think that??? Buying bitcoin cheaper is a great thing, but its never too early or late to buy bitcoin, even if you are waiting for the price to go lower, you should still be accumulating at a steady rate until you target price happens for you to buy the DIP, so let's say you don't buy at all because you are still waiting and then that price doesn't happen?? How do you justify the time wasted during your wait.

Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

the current dip in Bitcoin price is a part of the cycle, it will go higher again, bitcoin is solid, over the years, it has been able to climb this high even with all the negative criticism it received form bullshit analyst who claim to know what they are doing when they obviously don't and even with this slight decrease, people are already claiming that they predicted it and that this is the start of the downfall of bitcoin, it just laughable really. Bitcoin has experienced downtrends before and it always goes back to the top most of the times hitting a new ATH, I believe this time won't be an exception.

[Felicity_Tide]

~snip

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

You can call it a blessing in disguise to some, while it's almost like a curse to others. Most people that once had spare cash must have probably used it up when Bitcoin was around $80K. Trump being trump, another opportunity has present itself, and they are not able to capitalize on this one, isn't that something to be sad about?. That aside, just like you've said, there is no bottom or specific lowest point that Bitcoin will drop to. This recent market condition is as a result of one man's influence and decisions that isn't going well with the major part of the financial market, so it will be very difficult to  figure out the next time we will become very bullish(just like what we experienced in November). It was around $74K few minutes ago, can't see a better opportunity than that.

[Barikui1]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

Now is the best time to buy Bitcoin because Bitcoin is on the rise, in the short term it might looks like it's falling but it's another buying opportunity hat the market is presenting to us that are long term investor, because since Bitcoin is on the rise the value wouldn't stay down for long before it continues it upward movement, those Investors waiting for the market to dip further are just making a fool of themselves because with that kind of strategy they might miss a juicy opportunity like this that is presenting itself, so in my own opinion, just buy if the funds is available, and take note, just because their is a serious opportunity in the market today doesn't mean that we should start investing with our emergency funds, no, don't try that shit, it's a stupid risk we should all avoid, I know that sometimes the temptations might be very huge but don't fall for it, use only your discretionary income to invest, and if you wish to buy aggressively, do it if you have the financial leverage to do so, but if you don't, just buy with what you can afford and take a chill pills and relax, the safety of your current stash of Bitcoin and you not tempering with what you have already bought is very much important, than risking all of it because of a dip, so your emergency funds should never be used to buy Bitcoin.

[GIF-JOBS]

~snip

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

You can call it a blessing in disguise to some, while it's almost like a curse to others. Most people that once had spare cash must have probably used it up when Bitcoin was around $80K. Trump being trump, another opportunity has present itself, and they are not able to capitalize on this one, isn't that something to be sad about?. That aside, just like you've said, there is no bottom or specific lowest point that Bitcoin will drop to. This recent market condition is as a result of one man's influence and decisions that isn't going well with the major part of the financial market, so it will be very difficult to  figure out the next time we will become very bullish(just like what we experienced in November). It was around $74K few minutes ago, can't see a better opportunity than that.

Actually these types of declines are very normal, so there is nothing to be afraid of. You bought at 80K, so should you panic now? Don't have this kind of mentality, because an investor never thinks like that. Bitcoin may seem very deep at the moment, but it will come back again after some time. The main thing is to believe, trust Bitcoin and move forward. Never panic because of these fluctuations. It is all a matter of time, no one can say when the bullish movement will come, but it will definitely come, so you should always be ready to take full advantage of the bullish movement. The current market of Bitcoin is undoubtedly a good buying opportunity, so the responsibility of making good use of this opportunity is entirely yours, if you can make good use of this opportunity, you can get its due real profit in the future.

[BitBakerr1]

[edited out]

You are right for the fact that Bitcoin is still growing it is never advisable that when one has accumulated enough he should sell off all his Bitcoin the best thing to do is to withdraw little by little, my own reason for saying that is that a growing asset like Bitcoin has big potential and you selling all your Bitcoin at once may lead to you regretting in the future, just imagine you have accumulated enough Bitcoin and you decide to sell off all your Bitcoin and at that time bitcoin is $150k and after the sell a year later Bitcoin hits $250k or $300k I'm sure you will feel a little bit of regret in you but if you had sold only some of the Bitcoin you will still profit from that rise with the once you kept.
The point is that you don't have to close your Bitcoin investment by withdrawing all of your accumulated Bitcoin, let it be an investment you should keep growing when you have accumulated enough you may decide to keep holding or you may still decide to be accumulating more maybe only when there's a dip, you can sell but don't sell all, entering into some kinds of a sustainable withdrawal will surely be nice and help us maintain our investment.

I doubt that the point is whether the BTC price might go up or down, since I doubt that it is good to potentially reach a status of overaccumulation and then start to trade bitcoin rather than having a practice that is more regular and ongoing.

Let's say that on average a bitcoin investor has been investing right around $100 per week in the past 9 years, and over that time, his income has gone from $30k per year to $40k per year, and so in the past 9 years he had invested $47k into bitcoin, yet at the same time he has accumulated close to 12 BTC.  He is thinking that he will stop working once he concludes that he can sustainably withdraw $80k per year from his bitcoin investment. 

Right now, he feels that he is not quite to that level, since right now 12 BTC would only get him around $54k per year in income, and so he would prefer to have a wee bit higher income, which he thinks that if he either keeps buying bitcoin or he just waits for a couple of years, then his bitcoin holdings will be at a status in which he can start to sustainably withdraw $80k per year, and he is not depending on withdrawing large portions of his BTC in order to accomplish such sustainable withdrawal. 

In other words, why spend 9 years building up an investment in one of the best, if not the best, investment asset known to man, and then to sell large portions of it, when bitcoin has much more promise to continue to generate income based on staying invested into it rather than fucking around by trying to trade it.  One way to convert a solid investment, such as bitcoin, into a loser is by selling too much too soon... especially since with the passage of time, bitcoin's investment thesis is not getting weaker.

Yeah is very wrong for someone who has accumulated enough Bitcoin to sell off all his accumulated Bitcoin at once because it will lead to regret, Bitcoin is still a growing asset, a lot of people who sold out all there accumulated Bitcoin in the past are now regretting there action in this present future, selling off all your accumulated Bitcoin is a wrong move.
For me even if a person has accumulated enough Bitcoin is still not right to stop accumulating, you may stop accumulating regularly like you where doing when you started but don't stop accumulating you can decide to accumulate only when there's a dip to add up to the already existing one you already have that way you will never run dry of Bitcoin, I believe if you have reached the stage in your Bitcoin investment that you can now start selling you shouldn't also stop accumulating, you can't stop watering a flower no matter how long it has stayed  especially in dry season so is Bitcoin investment and every other investment in the world you most keep adding to it if you want it to continue.

[sotelorene]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

Don't make it sound like one can not DCA during the Dip, anyone who don't have money to buy the Dip can still continue with there normal DCA even while the market is on Dip. Anyone who is not prepared for the Dip shouldn't work theirself out or worried too much because the volatility of the market will still bring Dip again and again because this is the period a lot of people do actually make a mistake in there investment because some people will be tempted to sell because of the Dip while some will be tempted to double or increase there portfolio even when they don't have the capacity and this can result to a lot of things so everyone should be very careful while taking decision because this is just a temporary moment.

[Tmoonz]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

Perhaps too much expectations cause guys like you to think that it's too early to enter the market while other guys say it's too late to enter the market.

Several opinions of the market yet we are not over with the bull market, if course the reason why guys think it's over is because you guys attached bitcoin value to the new US government hoping and/or over expecting the government to pump the market, yet it seems to me that such expectations shows that you don't know bitcoin yet but only perceives it as a pump and dump shit which it's obviously not.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

That sounds more like there are times when Bitcoin can be predictable, if we consider Bitcoin to be volatile in nature then we can generally have it that Bitcoin is unpredictable and that makes it more precised and comprehendible even to a common man. However, I agree with you if based on the fact that Bitcoin is always unpredictable then every moment is a great opportunity to grab as much as possible provided the investment money is readily available and there is no too early or no too late because it all requires making an informed decision that satisfies one circumstances.

[ZeroVinsonN]

[edited out]

You are right for the fact that Bitcoin is still growing it is never advisable that when one has accumulated enough he should sell off all his Bitcoin the best thing to do is to withdraw little by little, my own reason for saying that is that a growing asset like Bitcoin has big potential and you selling all your Bitcoin at once may lead to you regretting in the future, just imagine you have accumulated enough Bitcoin and you decide to sell off all your Bitcoin and at that time bitcoin is $150k and after the sell a year later Bitcoin hits $250k or $300k I'm sure you will feel a little bit of regret in you but if you had sold only some of the Bitcoin you will still profit from that rise with the once you kept.
The point is that you don't have to close your Bitcoin investment by withdrawing all of your accumulated Bitcoin, let it be an investment you should keep growing when you have accumulated enough you may decide to keep holding or you may still decide to be accumulating more maybe only when there's a dip, you can sell but don't sell all, entering into some kinds of a sustainable withdrawal will surely be nice and help us maintain our investment.

I doubt that the point is whether the BTC price might go up or down, since I doubt that it is good to potentially reach a status of overaccumulation and then start to trade bitcoin rather than having a practice that is more regular and ongoing.

Let's say that on average a bitcoin investor has been investing right around $100 per week in the past 9 years, and over that time, his income has gone from $30k per year to $40k per year, and so in the past 9 years he had invested $47k into bitcoin, yet at the same time he has accumulated close to 12 BTC.  He is thinking that he will stop working once he concludes that he can sustainably withdraw $80k per year from his bitcoin investment. 

Right now, he feels that he is not quite to that level, since right now 12 BTC would only get him around $54k per year in income, and so he would prefer to have a wee bit higher income, which he thinks that if he either keeps buying bitcoin or he just waits for a couple of years, then his bitcoin holdings will be at a status in which he can start to sustainably withdraw $80k per year, and he is not depending on withdrawing large portions of his BTC in order to accomplish such sustainable withdrawal. 

In other words, why spend 9 years building up an investment in one of the best, if not the best, investment asset known to man, and then to sell large portions of it, when bitcoin has much more promise to continue to generate income based on staying invested into it rather than fucking around by trying to trade it.  One way to convert a solid investment, such as bitcoin, into a loser is by selling too much too soon... especially since with the passage of time, bitcoin's investment thesis is not getting weaker.

Yeah is very wrong for someone who has accumulated enough Bitcoin to sell off all his accumulated Bitcoin at once because it will lead to regret, Bitcoin is still a growing asset, a lot of people who sold out all there accumulated Bitcoin in the past are now regretting there action in this present future, selling off all your accumulated Bitcoin is a wrong move.
For me even if a person has accumulated enough Bitcoin is still not right to stop accumulating, you may stop accumulating regularly like you where doing when you started but don't stop accumulating you can decide to accumulate only when there's a dip to add up to the already existing one you already have that way you will never run dry of Bitcoin, I believe if you have reached the stage in your Bitcoin investment that you can now start selling you shouldn't also stop accumulating, you can't stop watering a flower no matter how long it has stayed  especially in dry season so is Bitcoin investment and every other investment in the world you most keep adding to it if you want it to continue.

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.
Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

[POPOLUV]

seeing the whole stuff of buying Bitcoin as a beginner or any investors that has not started to buy, going to use DCA strategy is probably the best approach, for me Bitcoin is a saving account that you can use some spare cash that you can use to investment today and you will not be cashless there off or later in the months to comes, that is why i target it as a spare cash, that will help you build up Bitcoin portfolio gradually and since Bitcoin is volatile in nature, the DCA strategy is here to help you out eventually in future.

[Tmoonz]

[edited out]

You are right for the fact that Bitcoin is still growing it is never advisable that when one has accumulated enough he should sell off all his Bitcoin the best thing to do is to withdraw little by little, my own reason for saying that is that a growing asset like Bitcoin has big potential and you selling all your Bitcoin at once may lead to you regretting in the future, just imagine you have accumulated enough Bitcoin and you decide to sell off all your Bitcoin and at that time bitcoin is $150k and after the sell a year later Bitcoin hits $250k or $300k I'm sure you will feel a little bit of regret in you but if you had sold only some of the Bitcoin you will still profit from that rise with the once you kept.
The point is that you don't have to close your Bitcoin investment by withdrawing all of your accumulated Bitcoin, let it be an investment you should keep growing when you have accumulated enough you may decide to keep holding or you may still decide to be accumulating more maybe only when there's a dip, you can sell but don't sell all, entering into some kinds of a sustainable withdrawal will surely be nice and help us maintain our investment.

I doubt that the point is whether the BTC price might go up or down, since I doubt that it is good to potentially reach a status of overaccumulation and then start to trade bitcoin rather than having a practice that is more regular and ongoing.

Let's say that on average a bitcoin investor has been investing right around $100 per week in the past 9 years, and over that time, his income has gone from $30k per year to $40k per year, and so in the past 9 years he had invested $47k into bitcoin, yet at the same time he has accumulated close to 12 BTC.  He is thinking that he will stop working once he concludes that he can sustainably withdraw $80k per year from his bitcoin investment.  

Right now, he feels that he is not quite to that level, since right now 12 BTC would only get him around $54k per year in income, and so he would prefer to have a wee bit higher income, which he thinks that if he either keeps buying bitcoin or he just waits for a couple of years, then his bitcoin holdings will be at a status in which he can start to sustainably withdraw $80k per year, and he is not depending on withdrawing large portions of his BTC in order to accomplish such sustainable withdrawal.  

In other words, why spend 9 years building up an investment in one of the best, if not the best, investment asset known to man, and then to sell large portions of it, when bitcoin has much more promise to continue to generate income based on staying invested into it rather than fucking around by trying to trade it.  One way to convert a solid investment, such as bitcoin, into a loser is by selling too much too soon... especially since with the passage of time, bitcoin's investment thesis is not getting weaker.

Yeah is very wrong for someone who has accumulated enough Bitcoin to sell off all his accumulated Bitcoin at once because it will lead to regret, Bitcoin is still a growing asset, a lot of people who sold out all there accumulated Bitcoin in the past are now regretting there action in this present future, selling off all your accumulated Bitcoin is a wrong move.
For me even if a person has accumulated enough Bitcoin is still not right to stop accumulating, you may stop accumulating regularly like you where doing when you started but don't stop accumulating you can decide to accumulate only when there's a dip to add up to the already existing one you already have that way you will never run dry of Bitcoin, I believe if you have reached the stage in your Bitcoin investment that you can now start selling you shouldn't also stop accumulating, you can't stop watering a flower no matter how long it has stayed  especially in dry season so is Bitcoin investment and every other investment in the world you most keep adding to it if you want it to continue.

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.
Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

Without relating to how much one has to be accumulating Bitcoin over time I believe that one can still accumulate Bitcoin up to a certain point they can feel within themselves that they have accumulated enough or more than enough for them, the point is there should be perception and references to be undertaken in different stages such the accumulation, maintenance and that of considering withdrawal strategy. But yeah it is reasonable to have a regular and ongoing practices even after feeling well have accumulated enough over the long term considering the fact that Bitcoin is still a growing asset.

[Tamaperdana]

seeing the whole stuff of buying Bitcoin as a beginner or any investors that has not started to buy, going to use DCA strategy is probably the best approach, for me Bitcoin is a saving account that you can use some spare cash that you can use to investment today and you will not be cashless there off or later in the months to comes, that is why i target it as a spare cash, that will help you build up Bitcoin portfolio gradually and since Bitcoin is volatile in nature, the DCA strategy is here to help you out eventually in future.

Yes, DCA is one of the strategies that is currently popular with bitcoin investors. The reason is, its regularity in buying bitcoin is an important reference for bitcoin investment using the DCA strategy. So if you want to start investing in bitcoin, the DCA strategy is indeed very good if used. However, it does not mean that other buying strategies are bad, because in my personal opinion all buying strategies are also good and have their own advantages. However, why do many people recommend the DCA strategy over other strategies, this is because DCA is very friendly to use for all bitcoin investors and even for investors who have small discretionary funds, DCA is very effective to apply. That is why DCA is widely used by many investors in bitcoin.

And by investing in bitcoin, the money you have becomes more valuable, whether in the present or in the future. So with this, we really benefit from this bitcoin. Because in essence investing in bitcoin is very easy to do and the way to store it is also very easy. Because we only need to memorize or write down our wallet phrase, wherever we are we can access our bitcoin assets. As long as there is an internet network and a cellphone or PC. So bitcoin is here to give us convenience and benefits, in the sense that it is financial.

[Xcode7]

seeing the whole stuff of buying Bitcoin as a beginner or any investors that has not started to buy, going to use DCA strategy is probably the best approach, for me Bitcoin is a saving account that you can use some spare cash that you can use to investment today and you will not be cashless there off or later in the months to comes, that is why i target it as a spare cash, that will help you build up Bitcoin portfolio gradually and since Bitcoin is volatile in nature, the DCA strategy is here to help you out eventually in future.

Yes, DCA is one of the strategies that is currently popular with bitcoin investors. The reason is, its regularity in buying bitcoin is an important reference for bitcoin investment using the DCA strategy. So if you want to start investing in bitcoin, the DCA strategy is indeed very good if used. However, it does not mean that other buying strategies are bad, because in my personal opinion all buying strategies are also good and have their own advantages. However, why do many people recommend the DCA strategy over other strategies, this is because DCA is very friendly to use for all bitcoin investors and even for investors who have small discretionary funds, DCA is very effective to apply. That is why DCA is widely used by many investors in bitcoin.

And by investing in bitcoin, the money you have becomes more valuable, whether in the present or in the future. So with this, we really benefit from this bitcoin. Because in essence investing in bitcoin is very easy to do and the way to store it is also very easy. Because we only need to memorize or write down our wallet phrase, wherever we are we can access our bitcoin assets. As long as there is an internet network and a cellphone or PC. So bitcoin is here to give us convenience and benefits, in the sense that it is financial.

There are some positive and negative sides of the strategy we choose to invest and what must be understood is that all strategies also have risks, as well as for the DCA strategy which in my opinion is only good for long-term investing with little by little capital that makes our investment bigger if we do it for a long time but it needs to be realized that the movement of Bitcoin prices like now which continues to decline I think those who use the DCA strategy experience a little loss because there is nothing wrong with investing we learn and choose several strategies to be able to take maximum advantage.

I am sure that in this forum none of our friends doubt investing in Bitcoin but we also have to understand the risks and potential profits so that we can minimize risks and maximize profits, that is the importance of understanding the right time to increase Bitcoin investment, regardless of the strategy we use.

When the market price continues to decline as in the last few weeks I think we can maximize it to get profit quickly or add to our assets in the future, it all depends on how we can maximize the opportunity to get profit.

[Spaceman1000$]

[edited out]

You are right for the fact that Bitcoin is still growing it is never advisable that when one has accumulated enough he should sell off all his Bitcoin the best thing to do is to withdraw little by little, my own reason for saying that is that a growing asset like Bitcoin has big potential and you selling all your Bitcoin at once may lead to you regretting in the future, just imagine you have accumulated enough Bitcoin and you decide to sell off all your Bitcoin and at that time bitcoin is $150k and after the sell a year later Bitcoin hits $250k or $300k I'm sure you will feel a little bit of regret in you but if you had sold only some of the Bitcoin you will still profit from that rise with the once you kept.
The point is that you don't have to close your Bitcoin investment by withdrawing all of your accumulated Bitcoin, let it be an investment you should keep growing when you have accumulated enough you may decide to keep holding or you may still decide to be accumulating more maybe only when there's a dip, you can sell but don't sell all, entering into some kinds of a sustainable withdrawal will surely be nice and help us maintain our investment.

I doubt that the point is whether the BTC price might go up or down, since I doubt that it is good to potentially reach a status of overaccumulation and then start to trade bitcoin rather than having a practice that is more regular and ongoing.

Let's say that on average a bitcoin investor has been investing right around $100 per week in the past 9 years, and over that time, his income has gone from $30k per year to $40k per year, and so in the past 9 years he had invested $47k into bitcoin, yet at the same time he has accumulated close to 12 BTC.  He is thinking that he will stop working once he concludes that he can sustainably withdraw $80k per year from his bitcoin investment. 

Right now, he feels that he is not quite to that level, since right now 12 BTC would only get him around $54k per year in income, and so he would prefer to have a wee bit higher income, which he thinks that if he either keeps buying bitcoin or he just waits for a couple of years, then his bitcoin holdings will be at a status in which he can start to sustainably withdraw $80k per year, and he is not depending on withdrawing large portions of his BTC in order to accomplish such sustainable withdrawal. 

In other words, why spend 9 years building up an investment in one of the best, if not the best, investment asset known to man, and then to sell large portions of it, when bitcoin has much more promise to continue to generate income based on staying invested into it rather than fucking around by trying to trade it.  One way to convert a solid investment, such as bitcoin, into a loser is by selling too much too soon... especially since with the passage of time, bitcoin's investment thesis is not getting weaker.

Yeah is very wrong for someone who has accumulated enough Bitcoin to sell off all his accumulated Bitcoin at once because it will lead to regret, Bitcoin is still a growing asset, a lot of people who sold out all there accumulated Bitcoin in the past are now regretting there action in this present future, selling off all your accumulated Bitcoin is a wrong move.
For me even if a person has accumulated enough Bitcoin is still not right to stop accumulating, you may stop accumulating regularly like you where doing when you started but don't stop accumulating you can decide to accumulate only when there's a dip to add up to the already existing one you already have that way you will never run dry of Bitcoin, I believe if you have reached the stage in your Bitcoin investment that you can now start selling you shouldn't also stop accumulating, you can't stop watering a flower no matter how long it has stayed  especially in dry season so is Bitcoin investment and every other investment in the world you most keep adding to it if you want it to continue.

I think the experience of selling off your entire Bitcoin accumulation was initially done by some early Bitcoin accumulators and investors who where not too acquainted with the fact that Bitcoin was still growing and they where too early to sell off what they've invested  based on seemingly profits they've suddenly made. But in recent times most of the Bitcoin accumulators and investors are very sensitive and strategic with their investment, they are not short-sighted and don't give in to sell out their accumulation because of a sudden spike in Bitcoin value, it is more like the early bitcoin accumulators made mistakes that taught them and a whole lot of Bitcoin enthusiasts a lesson.

[Ruttoshi]

And by investing in bitcoin, the money you have becomes more valuable, whether in the present or in the future. So with this, we really benefit from this bitcoin. Because in essence investing in bitcoin is very easy to do and the way to store it is also very easy. Because we only need to memorize or write down our wallet phrase, wherever we are we can access our bitcoin assets. As long as there is an internet network and a cellphone or PC. So bitcoin is here to give us convenience and benefits, in the sense that it is financial.

It's a wrong orientation to memorize your seed phrase because the chance of you remembering your seed phrase and losing your bitcoin is 50-50. The reason why I said this is because, you can easily forget your seed phrase since it's nothing like an app that you login to, to access your bitcoin. Secondly, incase you have an accident that affects your memory, your seed phrase is gone and all your effort in building and accumulating bitcoin will be useless and a waste because your bitcoin investment is gone.

We shouldn't involve ourselves in some unhealthy pratices that can make us lose control of our entire bitcoin portfolio totally. It's better that you write down your seed phrase on a piece of paper and make three duplicates. Put them in three different locations very far from each aother. You can still crave your seed phrase on a mental steel where fire or water will not affect it.

[Sim_card]

I am sure that in this forum none of our friends doubt investing in Bitcoin but we also have to understand the risks and potential profits so that we can minimize risks and maximize profits, that is the importance of understanding the right time to increase Bitcoin investment, regardless of the strategy we use.

Whenever you have your discretionary income available is the right time to increase your bitcoin. You don't increase your bitcoin based on bitcoin price but based on the fact that you have the money to buy more Bitcoin. However, if your DCA is running steady, you are increasing your bitcoin bit by bit which is a good way to increase the size of your bitcoin portfolio portfolio for 4-10 years and above. I do increase my bitcoin every week when I get paid.

The dip is only an opportunity to buy at a cheaper price for those who are prepared for it. You don't need to wait for the dip.

When the market price continues to decline as in the last few weeks I think we can maximize it to get profit quickly or add to our assets in the future, it all depends on how we can maximize the opportunity to get profit.

What profit do you want to get from a market that's declining, instead it's a loss that you will get. Moreover, only traders are the ones that sell in panic due to market decline. A long-term investor wouldn't dare sell his bitcoin now that the market is declining because he will see it as an opportunity to buy more Bitcoin at the dip if he's prepared for it.

However, all investors will definitely benefits from the dip as long as the keep their weekly DCA buying ongoing, regularly, persistently and consistently. Bitcoin investment should be done for the future with only your discretionary income, so that you don't fear and panic in period like this. Mate, I hope that you are not a trader and that you are only using your discretionary income to accumulate bitcoin. Selling isn't in the plan of a long-term investor in his accumulation stage.

[Issa56]

If you should ask me i will eventually tell that the government will soon see reasons to accept Bitcoin as the best asset and make life so easy for everyone in the future, because with the future of Bitcoin investments, if it should be accepted by the government the economy will not hard as it is right now.

Do you think the government doesn’t know about bitcoin? They are refusing to accept bitcoin just because they are fighting for their own selfish interest, since they know they are not in control of bitcoin, that’s why they are not accepting bitcoin, they just keep on framing up lies just to make bitcoin look bad to people, but the main reason why they are against it is just because they can’t control it.

The main reason which the government is always giving about bitcoin is that bitcoin is used for illegal activities, my question to them is that which currency is not used for illegal activities? Which currency were used for illegal activities before bitcoin was created? I don’t think the government is having any reason to be against bitcoin.

We are not even fighting for bitcoin to be the main currency, that’s not even the reason bitcoin was created, we just want bitcoin to be a alternative currency, but the government doesn’t even what that to happen.

[Macro Exchange]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yeah, that’s a super common situation in crypto — you buy a coin and boom, it dips right after. Or you sell it, and of course, it moons the next day. Been there, done that.

Trying to perfectly time the market is nearly impossible. That’s why a lot of people stick with DCA (dollar-cost averaging) — just buying bit by bit over time instead of trying to catch the bottom or the top.

Right now, the market’s all over the place. Some see it as a good time to accumulate, others are playing it safe and taking profits. Really depends on your goals and risk tolerance.

But one thing’s for sure — in a market like this, you’ve gotta stay strong and keep a cool head. Emotions can wreck your decisions real fast.

Stick to your strategy, don’t FOMO, and play the long game. 

[Btcdeybodi]

~snip

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

You can call it a blessing in disguise to some, while it's almost like a curse to others. Most people that once had spare cash must have probably used it up when Bitcoin was around $80K. Trump being trump, another opportunity has present itself, and they are not able to capitalize on this one, isn't that something to be sad about?. That aside, just like you've said, there is no bottom or specific lowest point that Bitcoin will drop to. This recent market condition is as a result of one man's influence and decisions that isn't going well with the major part of the financial market, so it will be very difficult to  figure out the next time we will become very bullish(just like what we experienced in November). It was around $74K few minutes ago, can't see a better opportunity than that.

It's only a trader that will not see this corrections as a blessing since they are only after short term profits which means as the price is falling more, that is how traders are lamenting and some of them will even sell out of panic that the price may continue falling and not retrace. A long term investor has no business with how DIP the price goes, his only concern will be how to acquire more btc. Of course, the reason why i said we can't call any DIP price the bottom is simply because we don't know if the price will fall further or start increasing any time soon, so for someone who is looking for the bottom price, he can miss it if the price do not continue falling. I knew that since Trump's election was able to skyrocket the price to an incredible height, any decision he takes will continue to have impact in the price of bitcoin until he leaves office but that shouldn't trouble our mind because he only have a cycle to spend in the white house. We can still see a better opportunity than the $74k price correction but we should not hope that the price will keep decreasing and we have more opportunity to buy more DIP prices. Buy now if you have reserved funds.

[Rabata]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

Some investors are most excited when they see the market conditions when they are most scared, while some investors are most excited because they will get the opportunity to buy Bitcoin at a low price. If we are scared about the volatility of Bitcoin, then we will not be able to focus on accumulating Bitcoin. And if we cannot accumulate Bitcoin, then our knowledge of Bitcoin will be worthless. Since the Bitcoin market is rapidly changing, it is difficult to predict this price, so if an investor continues to buy in any situation of the market, then volatility will not be able to cause him any loss. Moreover, those who are enthusiastic about long-term investments are not interested in losses but are busy building a long portfolio.

[ZeroVinsonN]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Yeah, that’s a super common situation in crypto — you buy a coin and boom, it dips right after. Or you sell it, and of course, it moons the next day. Been there, done that.

Trying to perfectly time the market is nearly impossible. That’s why a lot of people stick with DCA (dollar-cost averaging) — just buying bit by bit over time instead of trying to catch the bottom or the top.

Right now, the market’s all over the place. Some see it as a good time to accumulate, others are playing it safe and taking profits. Really depends on your goals and risk tolerance.

But one thing’s for sure — in a market like this, you’ve gotta stay strong and keep a cool head. Emotions can wreck your decisions real fast.

Stick to your strategy, don’t FOMO, and play the long game.  

Are you talking about bitcoin or some other shitcoin out there, you are being very vague using words like crypto and coin which can mislead people into thinking every coin out these is worth investing in, you can invest in a shitcoin using the DCA and the price will decline until it nothing, this is a Bitcoin forum and making comments that can lead people into thinking bitcoin is the same as other shitcoins and should be treated the same, there are not the same, compared to bitcoin every other coin are shitcoin, try being specific with your words so as to not mislead other who are still trying to get into bitcoin by making them consider bitcoin in the same light as other shitcoins.