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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 102196 times)
laijsica
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December 21, 2024, 02:21:22 PM
 #2521

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.
Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.
In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.
However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.
There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.
Bitcoin as an asset can be greedy and investors look for opportunities to rush to get on it. In reality, it can be difficult for investors to control their greed but if you can buy within your ability, it is the best decision for the future. There should be a plan for long-term holdings. Yes, everyone has different limits when it comes to discretionary income and does not recommend a mandatory amount for depositing Bitcoin. Motivates to deposit any amount of Bitcoin every week or every month and saving a backup fund/floating fund. It is more important to deposit a portion of your discretionary income to continue accumulating Bitcoin for the long term. Continuing to deposit in this manner greatly reduces the tendency to be greedy because you are only using discretionary funds.

In conclusion, by investing any amount of money in Bitcoin after your family's daily expenses, you are reduce from potential risk and greed. There is no risk of withdrawal even before the desired point is reached.
CageMabok
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December 21, 2024, 02:43:13 PM
Merited by JayJuanGee (1)
 #2522

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.
For investment, it can indeed be started from a small amount of capital because all big things certainly always start from small things so that investors who just want to start investing in Bitcoin certainly don't need to wait for a larger amount of capital if they can start it directly with a small amount of capital without any problems. Because when the investment goal is for the long term by choosing the only best asset like Bitcoin, of course over time every investor can also increase their capital slowly through the results of their work so that their investment will also become bigger one day. So it is clearly not wrong to start with a small capital rather than having to waste more time waiting for the capital to become bigger.

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Zackz5000
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December 21, 2024, 03:43:37 PM
 #2523

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.
Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.
In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.

In fact, those who hold Bitcoin will be best off if they try to hold it for the long term, only long-term investment strategies should be used. For this, planning is of course the most important, only through proper planning can one keep his investment for a long time. If a person invests in Bitcoin with the remaining extra money after meeting the basic needs of his family, he will be able to maintain his investment.
However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.

I believe people have different purposes in investing in bitcoin I don't think someone will be greedy when investing into Bitcoin if the money to do so is there unless the person doesn't know the value that bitcoin holds or the person was forced to invest and may probably be thinking that bitcoin investment is just like Ponzi scheme probably will be afraid to put in his money believing it may crashed one day, and also you should know that people invest base on the level of their discretionary income it may not necessarily be greed, but someone who believe in bitcoin long time investment will never be greedy with his bitcoin investment if his discretionary income is everly capable to do so he will definitely make sure he keeps accumulating more Bitcoin from his discretionary income and hodl.
GIF-JOBS
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December 21, 2024, 03:47:52 PM
Merited by Olatundespo (2), JayJuanGee (1)
 #2524

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.
For investment, it can indeed be started from a small amount of capital because all big things certainly always start from small things so that investors who just want to start investing in Bitcoin certainly don't need to wait for a larger amount of capital if they can start it directly with a small amount of capital without any problems. Because when the investment goal is for the long term by choosing the only best asset like Bitcoin, of course over time every investor can also increase their capital slowly through the results of their work so that their investment will also become bigger one day. So it is clearly not wrong to start with a small capital rather than having to waste more time waiting for the capital to become bigger.
For investment, "not" start investing with a small amount, start with half of the amount you can afford to lose. First of all, a Bitcoin investor should gain a basic understanding of Bitcoin, gain knowledge about the nature of Bitcoin's short-term volatility, and gain knowledge about Bitcoin's long-term potential.

So, for a new investor to start investing in Bitcoin, he should first gain general knowledge of Bitcoin and start investing through DCA, and invest the amount of money he can afford to lose in DCA. He can start investing in this way at first, and gradually learn about Bitcoin and gradually prepare emergency funds and reserve funds (while keeping DCA intact).

It should be remembered that you will not be able to profit from Bitcoin investment in a short time, and Bitcoin will never guarantee you profit, but there are many opportunities to profit from Bitcoin if you hold it for a long time, and for that you must be hold bitcoin with DCA for 8 to 10 years.











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Pandu Geddon
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December 21, 2024, 04:33:51 PM
 #2525

For investment, "not" start investing with a small amount, start with half of the amount you can afford to lose. First of all, a Bitcoin investor should gain a basic understanding of Bitcoin, gain knowledge about the nature of Bitcoin's short-term volatility, and gain knowledge about Bitcoin's long-term potential.

So, for a new investor to start investing in Bitcoin, he should first gain general knowledge of Bitcoin and start investing through DCA, and invest the amount of money he can afford to lose in DCA. He can start investing in this way at first, and gradually learn about Bitcoin and gradually prepare emergency funds and reserve funds (while keeping DCA intact).

It should be remembered that you will not be able to profit from Bitcoin investment in a short time, and Bitcoin will never guarantee you profit, but there are many opportunities to profit from Bitcoin if you hold it for a long time, and for that you must be hold bitcoin with DCA for 8 to 10 years.

What you said is true. Beginner investors or even prospective Bitcoin investors do need to learn Bitcoin from the beginning regarding short-term and long-term capabilities.
Most beginner investors who use the DCA method still have a lack of confidence to hold in the long term. Especially those who are not strong and not ready in terms of financial distribution but have an interest in having Bitcoin. This will interfere with the long-term plan of the investment made.
Bitcoin's popularity has increased very high after they made a new ATH. Of course, you see people around you who have an interest in having Bitcoin even without proper knowledge.

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Ruttoshi
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December 21, 2024, 04:48:26 PM
Last edit: December 21, 2024, 04:59:35 PM by Ruttoshi
Merited by JayJuanGee (1)
 #2526

For investment, "not" start investing with a small amount, start with half of the amount you can afford to lose. First of all, a Bitcoin investor should gain a basic understanding of Bitcoin, gain knowledge about the nature of Bitcoin's short-term volatility, and gain knowledge about Bitcoin's long-term potential.

So, for a new investor to start investing in Bitcoin, he should first gain general knowledge of Bitcoin and start investing through DCA, and invest the amount of money he can afford to lose in DCA. He can start investing in this way at first, and gradually learn about Bitcoin and gradually prepare emergency funds and reserve funds (while keeping DCA intact).

It should be remembered that you will not be able to profit from Bitcoin investment in a short time, and Bitcoin will never guarantee you profit, but there are many opportunities to profit from Bitcoin if you hold it for a long time, and for that you must be hold bitcoin with DCA for 8 to 10 years.

What you said is true. Beginner investors or even prospective Bitcoin investors do need to learn Bitcoin from the beginning regarding short-term and long-term capabilities.
Most beginner investors who use the DCA method still have a lack of confidence to hold in the long term. Especially those who are not strong and not ready in terms of financial distribution but have an interest in having Bitcoin. This will interfere with the long-term plan of the investment made.
Bitcoin's popularity has increased very high after they made a new ATH. Of course, you see people around you who have an interest in having Bitcoin even without proper knowledge.
Of course, you don't need a proper knowledge of bitcoin before you can buy and hodli bitcoin, as long as you have the basics knowledge of bitcoin which is how to buy from an exchange and know that bitcoin is a long-term investment, you are good to go. Anyone thinking that you need to have the proper knowledge of bitcoin before you start investing is wrong because bitcoin on its own is complex.

Some people it is when they have invested in bitcoin that it will motivate them to know more about what they are putting their money into. As you are investing, you can also be learning along side because you are on a long term investment. As a bitcoin investor praticalizing buying and hodli is the best way to have better experience on bitcoin, because that's when the market will play with your emotions and if you are not discipline, committed and ready to sacrifice for the future by regular DCA overtime, you will not understand. Get started and don't wait for anything since you are u so ng your discretionary income to invest.

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sotelorene
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December 21, 2024, 08:22:08 PM
 #2527

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.
For investment, it can indeed be started from a small amount of capital because all big things certainly always start from small things so that investors who just want to start investing in Bitcoin certainly don't need to wait for a larger amount of capital if they can start it directly with a small amount of capital without any problems. Because when the investment goal is for the long term by choosing the only best asset like Bitcoin, of course over time every investor can also increase their capital slowly through the results of their work so that their investment will also become bigger one day. So it is clearly not wrong to start with a small capital rather than having to waste more time waiting for the capital to become bigger.

Exactly, and this is where some investors most especially newbie get it all wrong, they believe that one's they have invested ( buy Bitcoin for the first time) everything is settled they need not to buy again and then lay wait to expect that one they bought to increase and give them huge profit which is absolutely wrong and it's a misconception and the reason why they do this is because they heard Bitcoin is a very nice asset and will skyrocket one day so they think investing small will give them 100s of what they invested perhaps this set of people need more information to change there mindset, knowledge and there understanding in Bitcoin.











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Popkon6
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December 21, 2024, 11:47:00 PM
 #2528

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.
For investment, it can indeed be started from a small amount of capital because all big things certainly always start from small things so that investors who just want to start investing in Bitcoin certainly don't need to wait for a larger amount of capital if they can start it directly with a small amount of capital without any problems. Because when the investment goal is for the long term by choosing the only best asset like Bitcoin, of course over time every investor can also increase their capital slowly through the results of their work so that their investment will also become bigger one day. So it is clearly not wrong to start with a small capital rather than having to waste more time waiting for the capital to become bigger.

Exactly, and this is where some investors most especially newbie get it all wrong, they believe that one's they have invested ( buy Bitcoin for the first time) everything is settled they need not to buy again and then lay wait to expect that one they bought to increase and give them huge profit which is absolutely wrong and it's a misconception and the reason why they do this is because they heard Bitcoin is a very nice asset and will skyrocket one day so they think investing small will give them 100s of what they invested perhaps this set of people need more information to change there mindset, knowledge and there understanding in Bitcoin.

That is why patience is needed in Bitcoin investment, without patience it is impossible to improve in life. The longer the Bitcoin investment, the more Bitcoin there is a possibility of accumulating more Bitcoin. In this case, newbies neglect this responsibility, they sell Bitcoin when they earn a little benefit by investing in Bitcoin. This is completely wrong, but we need to calmly explain to newbies how to invest and how to maintain the investment. It would be better to invest in Bitcoin at the present time or at any time if Bitcoin is held for a long time. Bitcoin investment depends on holding it for a long time.

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December 22, 2024, 03:55:33 AM
 #2529

It should be remembered that you will not be able to profit from Bitcoin investment in a short time, and Bitcoin will never guarantee you profit, but there are many opportunities to profit from Bitcoin if you hold it for a long time, and for that you must be hold bitcoin with DCA for 8 to 10 years.

NO, it's not as if you can't make profits from bitcoin in a short time, you can but the reason why it is advisable to seek for long term investment goals is because by then, you must have accumulated as much as you can and build a great portfolio unlike someone who is interested in short term profits which can give such a person the idea of trading because they will want to take profits each time they see a little growth in their investment but for someone who has a long term goals, he will prefer his investment to experience immense growth in the long term and even though profits are not guaranteed, but he can succeed in accumulating some stash and own big wealth in bitcoins.

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.

Being greedy while investing in bitcoin should not mean you have to go above your discretion, it should be within your discretionary income so that you don't find yourself in a state of discomfort when you go above your disposable income just because you want to over accumulate within a short interval of time.

R


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December 22, 2024, 04:44:52 AM
 #2530

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.

Being greedy while investing in bitcoin should not mean you have to go above your discretion, it should be within your discretionary income so that you don't find yourself in a state of discomfort when you go above your disposable income just because you want to over accumulate within a short interval of time.
If you had read my post very well, you would have known that I said this in my post, so there's no need for you to repeat it again because I know very well that if any investor invests in bitcoin above his or her discretionary income, that investor will have a problem in solving his or her daily expenses because he or she used the money that is meant to solve his or her daily expenses to invest in bitcoin in such a way that it will stop him or her from solving his or her daily expenses, which might get him or her off the game partially or permanently.

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December 22, 2024, 08:17:10 AM
 #2531

Exactly, and this is where some investors most especially newbie get it all wrong, they believe that one's they have invested ( buy Bitcoin for the first time) everything is settled they need not to buy again and then lay wait to expect that one they bought to increase and give them huge profit which is absolutely wrong and it's a misconception and the reason why they do this is because they heard Bitcoin is a very nice asset and will skyrocket one day so they think investing small will give them 100s of what they invested perhaps this set of people need more information to change there mindset, knowledge and there understanding in Bitcoin.
That is why patience is needed in Bitcoin investment, without patience it is impossible to improve in life. The longer the Bitcoin investment, the more Bitcoin there is a possibility of accumulating more Bitcoin. In this case, newbies neglect this responsibility, they sell Bitcoin when they earn a little benefit by investing in Bitcoin. This is completely wrong, but we need to calmly explain to newbies how to invest and how to maintain the investment. It would be better to invest in Bitcoin at the present time or at any time if Bitcoin is held for a long time. Bitcoin investment depends on holding it for a long time.
Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.

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December 22, 2024, 11:13:41 AM
 #2532

Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.
Investing in Bitcoin requires planning to hold for the long term. Yes, those who have invested in Bitcoin and held for a long time have become successful investors and are currently in huge profits. What was the price of Bitcoin in the past, how much is it now? Will increase more in future. We may see that $1 million at some point in the future. However, we should not invest more money than we can afford to lose. Because investing more than you can afford to lose will make it difficult to hold the investment for long. The most important thing is that you should save money for urgent needs. In my case I invested what I could afford to lose. My plan is to continue investing with DCA for a long time.

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December 22, 2024, 01:09:51 PM
 #2533

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.
I think the greed here works both ways
It can either help you hold more because you plan on bigger profit or may creep in negatively and bring the thoughts of trading
Which well is the first stage to regrets.


Funny how weak hands are selling and institutions are buying
Is like they are not seeing all these as a sign that selling isn't a wise decision.
Never sell in a Loss. Even if Bitcoin falls to $70K or the technical analysis supports it.
Don't sell.
Don't be among the group that would start praying for it to fall again because they missed the opportunity
We only having this correction and we going Fly.

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December 22, 2024, 01:21:50 PM
 #2534

Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.
Investing in Bitcoin requires planning to hold for the long term. Yes, those who have invested in Bitcoin and held for a long time have become successful investors and are currently in huge profits. What was the price of Bitcoin in the past, how much is it now? Will increase more in future. We may see that $1 million at some point in the future. However, we should not invest more money than we can afford to lose. Because investing more than you can afford to lose will make it difficult to hold the investment for long. The most important thing is that you should save money for urgent needs. In my case I invested what I could afford to lose. My plan is to continue investing with DCA for a long time.
We all know that Bitcoin is a volatile currency (in the short term), if an investor invests in Bitcoin for 2 to 3 years, it is not an investment, but rather it will be considered as trading. And we can never expect anything good from this short-term trading, because the price of Bitcoin can decrease a lot in the short term due to this volatility, as a result of which you will have to face losses.

Therefore, DCA is considered the best strategy for investment to get something good from Bitcoin. However, we will get something good from this DCA only when we keep DCA uninterrupted for 8 to 10 years. However, when deciding to invest in DCA, the financial situation must be taken into account. You should cannot be invested that money, Which you may need after 1 to 2 years, Or at any unexpected time, you have to rely on this invested money.

This is why you should build your financial stability first. And you need to invest using money that you won't have to face any problems even if it lost.

If necessary, you can run a DCA with a much smaller amount, but you still need to be sure that the money you are investing will not be needed in the next 10 to 11 years, or "it's no problem if it to lost". Never think about selling, or panic by worrying too much about the price, just continue investing in DCA and keep holding, without looking at the price.

You need to remember that Bitcoin has fluctuated a lot from the beginning to the present, but it has increased over time, just as its value will continue to fluctuate in the future, but over time it will increase in a long term. And your goal should be exactly that, you have to believe in this fact that no matter how much Bitcoin fluctuates in the short term, it will definitely be very valuable in the long term. And that time you will achieve the success of Bitcoin.











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December 22, 2024, 01:32:35 PM
 #2535

In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.
However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.
There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.
I disagree with you bro because I grew up knowing that greed is not goo no matter how you paint it because it will always make you to act irrationally. It might sound motivating to be greedy with your investment in bitcoin but if you allow greed to guide your decision, then you will obviously invest beyond your discretionary income and might possibly run into problems that can force your to start selling your bitcoin to meet up other needs. It has been abundantly clarified that to succeed in your investment, you must make adequate plans for other important aspects of your life, such as your basic needs and you also have to go as much as setting aside some funds for things that can come up which you did not plan for.

With greed at play, there is little chance that an investor will be able to even set up emergency funds because every money at his disposal will be converted into bitcoin even if such money was supposed to be used for something very important in the near future. I don't see this as a good practice, therefore we should also protect ourselves from being greedy even though we want to have as much bitcoin as is reasonably possible.

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bitzizzix
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December 22, 2024, 01:38:38 PM
 #2536

Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.
Investing in Bitcoin requires planning to hold for the long term. Yes, those who have invested in Bitcoin and held for a long time have become successful investors and are currently in huge profits. What was the price of Bitcoin in the past, how much is it now? Will increase more in future. We may see that $1 million at some point in the future. However, we should not invest more money than we can afford to lose. Because investing more than you can afford to lose will make it difficult to hold the investment for long. The most important thing is that you should save money for urgent needs. In my case I invested what I could afford to lose. My plan is to continue investing with DCA for a long time.
Planning and discipline in investing are very necessary and also instilled in us so that we can do it well and routinely, long-term investment in Bitcoin is a very good and safe choice because if we look at the extraordinary track record that has occurred in Bitcoin, it is not impossible that in the future the price will be much higher which allows our long-term investment to be a big profit in the future.

However, all of that must be planned very well and seriously, investing an amount of money that we can afford to lose is a wise choice even though Bitcoin will always provide good profits in the long term will not harm us if it is not as expected because we use money that we can afford to lose. However, if we do it routinely with the DCA method and according to our abilities, it is an ideal choice for those of us who have limited money but will be big in the long term if we can do it routinely every week or month for a maximum of 5 to 10 years. And besides that we must have savings outside the investments we make with the aim of urgent funding needs and not touching the investments we make in the form of Bitcoin so that everything runs well and successfully.
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December 22, 2024, 04:11:42 PM
 #2537

Planning and discipline in investing are very necessary and also instilled in us so that we can do it well and routinely, long-term investment in Bitcoin is a very good and safe choice because if we look at the extraordinary track record that has occurred in Bitcoin, it is not impossible that in the future the price will be much higher which allows our long-term investment to be a big profit in the future.

However, all of that must be planned very well and seriously, investing an amount of money that we can afford to lose is a wise choice even though Bitcoin will always provide good profits in the long term will not harm us if it is not as expected because we use money that we can afford to lose. However, if we do it routinely with the DCA method and according to our abilities, it is an ideal choice for those of us who have limited money but will be big in the long term if we can do it routinely every week or month for a maximum of 5 to 10 years. And besides that we must have savings outside the investments we make with the aim of urgent funding needs and not touching the investments we make in the form of Bitcoin so that everything runs well and successfully.
if you want to invest anything, not just in Bitcoin. they must have good financial management. all must be prepared to avoid chaos in the investment plan that is carried out.
we who want to invest must of course sort out money for needs, money for savings, money for fun, and money that we allocate for investment. many beginners misunderstand investment with savings. some that put their savings funds to increase their investment portfolio. the wrong step when finally someone needs funds for emergency purposes. when you no longer have savings funds, then the choice taken is to mess up your investment. a wrong choice.

 
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December 22, 2024, 04:30:30 PM
 #2538

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.
I disagree with you bro because I grew up knowing that greed is not goo no matter how you paint it because it will always make you to act irrationally.

You are right greed is not good because is an element that could make someone not to be satisfied in anything they have or do and even the aggressiveness people tend to avoid could possibly be brought back by greed, is unfortunate that people tries to use any word to justify how serious they are in Bitcoin investment but did not realize how complicated the word is on the real life because @Mayor of ogba is trying to say that since investors has different discretionary income they should be very greedy, perhaps he is ignorant of the similarities it has with aggressive investment because when you are greedy you push yourself harder beyond the limit you could go.

 
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December 22, 2024, 04:46:26 PM
Merited by Cryptoprincess101 (3), JayJuanGee (1)
 #2539

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.
I disagree with you bro because I grew up knowing that greed is not goo no matter how you paint it because it will always make you to act irrationally.

You are right greed is not good because is an element that could make someone not to be satisfied in anything they have or do and even the aggressiveness people tend to avoid could possibly be brought back by greed, is unfortunate that people tries to use any word to justify how serious they are in Bitcoin investment but did not realize how complicated the word is on the real life because @Mayor of ogba is trying to say that since investors has different discretionary income they should be very greedy, perhaps he is ignorant of the similarities it has with aggressive investment because when you are greedy you push yourself harder beyond the limit you could go.
Investing aggressively in bitcoin doesn't mean that you are greedy or using more than you discretionary income to buy bitcoin. Instead, investing aggressively will help you build your bitcoin portfolio faster as long as you have your emergency funds, reserve funds and float to take care of any financial distraction.

A greedy person or not that invest in bitcoin the proper way without investing over aggressively will not fail in his bitcoin investment, because he might keep on increasing his bitcoin investment longer than he expected because he wants more bitcoin. People who invest aggressively whenever they can will end up with more bitcoin than those who don't invest aggressively when they had the opportunity.

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AprilioMP
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December 22, 2024, 05:08:48 PM
 #2540

With greed at play, there is little chance that an investor will be able to even set up emergency funds because every money at his disposal will be converted into bitcoin even if such money was supposed to be used for something very important in the near future. I don't see this as a good practice, therefore we should also protect ourselves from being greedy even though we want to have as much bitcoin as is reasonably possible.

It is important to compartmentalize the budget is for the sake of the mind of the mind when the state is reversed from what has never been thought before. Emergency funds are important, even I separate emergency funds from reserve funds. These two things I mean different from each other.

If there is that someone converts emergency funds to investment assets, such actions are not yet worth calling that person as an investor because investors are people who have future plans. Automatically he understands the management of funds he has.

R


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