Buy Buy Buy or Sell Sell Sell?

[laijsica]

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.

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.

I'm still on my accumulation journey, and I have not even accumulated the amount of bitcoin I want to hold for the long term, so I am not even moved to sell my bitcoin for short-term profit or sell it because of a dip. My main concern is how I will accumulate the amount of bitcoin I want and hold it for at least 4-10 years or more. I have already planned my bitcoin investment in such a way that I am using the money I can afford to lose or the money I will not need for 4-10 years or more to invest in bitcoin, which will allow me not to depend on my bitcoin investment to survive and also allow me to hold my bitcoin to the desired year I intend to sell it. I want to be among those investors that buy bitcoin from the weak hands, so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

It is a good initiative that you have accumulated the amount of bitcoins that you can afford to lose. I will continue to encourage more investors and I will also learn to apply that Bitcoin accumulate with you and it will not interfere with my daily work and continue to accumulate Bitcoins year after year. The Bitcoin journey is about depositing according to one's ability and the limited amount that allows discretionary money to pile up for 6-10 years without a hitch. I doubt that those who buy themselves aggressively in a sinking price trend have the determination to accumulate long-term, unless they can have a stash of backup funds. I don't doubt those investors who regularly commit to keep depositing weekly/monthly. You are constantly tempted to keep stashing and I agree with you that I also want to be among the weak and keep depositing bitcoins regularly regardless of the price.

I can compare myself to the weak hands in Bitcoin with all their needs met to advance with a valuable touch to Bitcoin. You need to be updated with the time and demand growth and ability to focus and strategize to increase holdings. Definitely as a newbie investor I should be more careful in my strategy such as holding modest holdings and hence bitcoin regularly.

[john_egbert]

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

Dips in price will always be there to scare weak hands away.
Those who know Bitcoin and the market we are in will buy / accumulate more of the coins they deem worthy and be the kings of the cycle.
 

[Spaceman1000$]

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.

We should stop pampering responsibilities as a factor for not investing, it may only encourage excuses and unnecessary spending and will not allow many to invest at all if care is not taken. I noticed that this mindset is popular on this thread, it must not necessarily be adhered to before you invest, otherwise, many people being happy with their investment in Bitcoin today wouldn't have invested anything but give excuses, investing goes with sacrifice. Investment and risk also go hand in hand, it's part of the risks you take by investing what you invested at that time, just reserve a little and then go hustle to make more money that can continue to take care of the bills while you leave your sacrificed investment locked as if it's not there if you are serious.

You are right before now some people go to club they party every weekend with there discretionary income but now they have started accumulating Bitcoin they find it hard in doing those things with there discretionary income that are some of the sacrifices you make in other to keep up with your accumulation you need to be consistent and so anything that will make you not to you cut it off.
Not that you will not have fun and do some fun things but that will be with part of your discretionary income not the part meant for your Bitcoin accumulation because you are dividing your Discretionary income some part for your Bitcoin accumulation and the other part for what ever you wish to do with it however if you have no backup funds you need to also you some part of that discretionary income to build it, if you are not willing to sacrifice somethings in other to invest then you are not ready for investment.

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

If you are a long term Bitcoin holder I see no reason will should panic, bitcoin is highly volatile in nature so rising and falling has been part of Bitcoin however that has not stopped it from growing there was a time Bitcoin was not even up to $10k that that time Bitcoin was still volatile in nature but Bitcoin kept on growing in price till date so I see no reason people will panic because of the dip, when there's a dip I'm happy because is an opportunity for me to buy cheap before it goes back to the price it was before or even more than that former price.

You really do not understand what OgNasty meant by "it might be time to hold for dear life" that statement is an idiomatic expression which means that we need to increase our level of patience when it comes to holding, he used the expression of holding for our dear life to tell us that we should try securing our Bitcoin by holding on to it patiently, his not tell us to hold till death, anyone who thinks his has accumulated enough and will love to sell is free to, Bitcoin is and investment and surely a time will come when you start ripping the good of that investment.

As a Bitcoin investor, not giving room to panic and side distractions is one of the safety measures you should always apply, being keen to your investment and getting focus makes you get a clearer picture of where your going, because doing so will help you appreciate the volatile nature of your investment and not make you to see any dip as a supposed threat but rather an investment opportunity. As a holder, if you watch very well, you will notice that whenever there is a dip, you will always come across vile and negative comments from distractors and naysayers, most of them are not even investors but they just want to talk down on your investment and make you feel bad, but immediately there is growth in Bitcoin, you will see them running back to their shell's.

[Gallar]

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

Dips in price will always be there to scare weak hands away.
Those who know Bitcoin and the market we are in will buy / accumulate more of the coins they deem worthy and be the kings of the cycle.
 

Currently, the price of bitcoin is experiencing quite rapid increases and decreases. But I personally never worry about that, because I see that the price of bitcoin is always strong at $90K+ and has not yet touched prices below that. So if you look at this, it can be said that the price of bitcoin is currently quite stable at $90K-$97K. Maybe the current decline in bitcoin is clearly the result of traders selling their bitcoin. But I don't think we need to worry about that, because I'm sure there are currently more long-term bitcoin investors than traders. So even though bitcoin traders are selling their bitcoins at the moment, with many bitcoin investors continuing to accumulate, I think bitcoin will continue to stay at this 6-digit number and will definitely continue to increase. Because according to my predictions, currently many people are buying bitcoin to invest in the long term. So we just need to focus on continuing to accumulate bitcoin. Because basically the current decline in bitcoin prices is just a decoration before bitcoin continues to experience higher price increases.

[sotelorene]

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.

Is it really a must to for investors hold bitcoin for 8 to 10 years, before someone can see profitability in the investment? I think someone who is able to hold his bitcoin for a full circle stand a chance to see some profits. And if  the investor decides to take part of his the profit he has made over the 4 years, he is not wrong. When you use the word must, it now looks as if 8 to 10 years is the only acceptable number of years for someone to hold bitcoin before they can profit from it. The reason why they say invest only money you won't be needing for the next 4 years in bitcoin, is because after 4 years you can do some evaluations to know if you can take part of your profit and attend to some of your human needs that must have come up over the 4 years of your investment and waiting. Yes it's true that if you hold your bitcoin longer for 8 to 10 years, you sand a better chance of bigger profitability. But that's now a choice that each investors have to make, after holding up to 4 years. To continue holding their entire portfolio or to take part of their profit and still continue with their DCA for the next circle.

I don't think it is necessary to put a duration of holding that an investor will see profit but it is advisable to hold for at least 4 years as this is enough to see two of the major seasons that Bitcoin go through base of the data we have about bitcoin. This is the minimum though, the most important thing is that the longer the hold, the better and more profitable the investment, do the investor should endeavor to hold for reasonable length of time to ensure maximum profits can be seen.

Some are not just holding for the profits rather as a way of accumulating wealth for the future. This class of holders does not worry about selling within the market cycles and will continue to buy more when they have discretionary income.

You are right, putting a duration of holding is a waste of time because we don't know what Bitcoin hold in that time frame and setting a duration to see profit shows the investor doesn't really understand Bitcoin investment that much because what we are dealing with is a volatile asset that is to say that the variation is what we can't tell or imagine. Bitcoin has the ability or perhaps the character of fluctuating on a particular range for some period of time before it can start correcting so setting a duration is a thing an investor shouldn't think of because you will definitely get disappointed.

Any investor who has the mindset of not just holding for the profit but rather for the future is really going to do well in his or her investment because the up and downs of the market is not going to affect the investor and perhaps that's the best mindset because having the mindset of holding for profit can be tempting, one can sell when they are not suppose to because of the little profit there investment have..., which make them not to be consistent and they are going to be off and on in the market which is a short term or trader's mindset.

[Futurexxx]

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

Dips in price will always be there to scare weak hands away.
Those who know Bitcoin and the market we are in will buy / accumulate more of the coins they deem worthy and be the kings of the cycle.
 

Currently, the price of bitcoin is experiencing quite rapid increases and decreases. But I personally never worry about that, because I see that the price of bitcoin is always strong at $90K+ and has not yet touched prices below that. So if you look at this, it can be said that the price of bitcoin is currently quite stable at $90K-$97K. Maybe the current decline in bitcoin is clearly the result of traders selling their bitcoin. But I don't think we need to worry about that, because I'm sure there are currently more long-term bitcoin investors than traders. So even though bitcoin traders are selling their bitcoins at the moment, with many bitcoin investors continuing to accumulate, I think bitcoin will continue to stay at this 6-digit number and will definitely continue to increase. Because according to my predictions, currently many people are buying bitcoin to invest in the long term. So we just need to focus on continuing to accumulate bitcoin. Because basically the current decline in bitcoin prices is just a decoration before bitcoin continues to experience higher price increases.

That's just it dude, I think that it's actually pointless analysing the market or price of Bitcoin on the short term when we know that we are all long term holders.
What we should be doing or paying more attention to is accumulating more Bitcoin true the dca accumulating strategy and keep a deft ear to the outside noise on what is or what may happen to Bitcoin on the short term, because I believe that with the high potential of Bitcoin, it can go as high as a million dollar or even more in the future, so how prepared are we if Bitcoin make such a leap in the nearest future?
So the ideal thing we should be paying more attention now is how to accumulate more of it without us tempering with in like 10 to 20 years time from now, than getting worried on what Bitcoin is doing in the market now.

[Mayor of ogba]

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.

We should stop pampering responsibilities as a factor for not investing, it may only encourage excuses and unnecessary spending and will not allow many to invest at all if care is not taken. I noticed that this mindset is popular on this thread, it must not necessarily be adhered to before you invest, otherwise, many people being happy with their investment in Bitcoin today wouldn't have invested anything but give excuses, investing goes with sacrifice. Investment and risk also go hand in hand, it's part of the risks you take by investing what you invested at that time, just reserve a little and then go hustle to make more money that can continue to take care of the bills while you leave your sacrificed investment locked as if it's not there if you are serious.

You are right before now some people go to club they party every weekend with there discretionary income but now they have started accumulating Bitcoin they find it hard in doing those things with there discretionary income that are some of the sacrifices you make in other to keep up with your accumulation you need to be consistent and so anything that will make you not to you cut it off.
Not that you will not have fun and do some fun things but that will be with part of your discretionary income not the part meant for your Bitcoin accumulation because you are dividing your Discretionary income some part for your Bitcoin accumulation and the other part for what ever you wish to do with it however if you have no backup funds you need to also you some part of that discretionary income to build it, if you are not willing to sacrifice somethings in other to invest then you are not ready for investment.

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

If you are a long term Bitcoin holder I see no reason will should panic, bitcoin is highly volatile in nature so rising and falling has been part of Bitcoin however that has not stopped it from growing there was a time Bitcoin was not even up to $10k that that time Bitcoin was still volatile in nature but Bitcoin kept on growing in price till date so I see no reason people will panic because of the dip, when there's a dip I'm happy because is an opportunity for me to buy cheap before it goes back to the price it was before or even more than that former price.

You really do not understand what OgNasty meant by "it might be time to hold for dear life" that statement is an idiomatic expression which means that we need to increase our level of patience when it comes to holding, he used the expression of holding for our dear life to tell us that we should try securing our Bitcoin by holding on to it patiently, his not tell us to hold till death, anyone who thinks his has accumulated enough and will love to sell is free to, Bitcoin is and investment and surely a time will come when you start ripping the good of that investment.

As a Bitcoin investor, not giving room to panic and side distractions is one of the safety measures you should always apply, being keen to your investment and getting focus makes you get a clearer picture of where your going, because doing so will help you appreciate the volatile nature of your investment and not make you to see any dip as a supposed threat but rather an investment opportunity. As a holder, if you watch very well, you will notice that whenever there is a dip, you will always come across vile and negative comments from distractors and naysayers, most of them are not even investors but they just want to talk down on your investment and make you feel bad, but immediately there is growth in Bitcoin, you will see them running back to their shell's.

You are right, and we can only achieve this when we plan our bitcoin investment in such a way that we will use the money we can afford to lose or the money we do not need for 4-10 years or more to invest in bitcoin so that when there's a dip, we will not panic into selling our bitcoin because of the fear of losing our money in bitcoin investment since we didn't use the money that is meant to solve our daily expenses. If we invest in bitcoin in this way, we will never be moved or panic when a dip happens; rather, we will want to seize the opportunity and accumulate more bitcoin at a low price with less money.

[Roseline492]

Is it really a must to for investors hold bitcoin for 8 to 10 years, before someone can see profitability in the investment?

Is not a must but a beneficial duration of investment to some persons because your invested money determines how long is going to be, for example you and I have a plan of getting $26k worth of Bitcoin and you started with the weekly investment of $100 and in five years you should be having nothing less than $26k in Bitcoin meanwhile instead of using the same amount you are using I choose $50 based on financial insolvent, so actually in the five years I will be having only $13,044 in Bitcoin while you have meet your target in just five years I'm still half way to it, so to get this I will have to give myself another five years to get there making it 10 years I have spent to achieve it, so actually this example is just a little explanation to show you that 10 year investment is not a must but with your plan it can take up to the years I have explained.

[Sim_card]

Is it really a must to for investors hold bitcoin for 8 to 10 years, before someone can see profitability in the investment?

Is not a must but a beneficial duration of investment to some persons because your invested money determines how long is going to be, for example you and I have a plan of getting $26k worth of Bitcoin and you started with the weekly investment of $100 and in five years you should be having nothing less than $26k in Bitcoin meanwhile instead of using the same amount you are using I choose $50 based on financial insolvent, so actually in the five years I will be having only $13,044 in Bitcoin while you have meet your target in just five years I'm still half way to it, so to get this I will have to give myself another five years to get there making it 10 years I have spent to achieve it, so actually this example is just a little explanation to show you that 10 year investment is not a must but with your plan it can take up to the years I have explained.

In additional to what you said, another reason why it's advisable to invest and hodli for 8-10 year is to enable you invest profit to keep compounding overtime and that helps to increase your bitcoin investment value. It also give you more time to continue buying and increasing your bitcoin investment compared to when you stop buying early.

Based on your example above, the guy that reached his bitcoin target early can choose to increase his bitcoin target and continue investing in bitcoin because has increased his confidence in bitcoin during his five years accumulation timeline.

[DubemIfedigbo001]

The 7-day chart for Bitcoin looks pretty brutal.  I think we're all just watching and waiting to see how low it is going to go.  Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range.  One thing is clear...  The market traders have been embracing the Sell Sell Sell lately.  I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring.  It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

The chart has little or no impact on a long-term holder since he's focused on accumulation rather than playing around with fucking timing the charts in order to execute a buy action. A dedicated investor buys regardless of the chart movement and only tends to buy more with the availability of more discretionary income when a dip presents itself like what we saw earlier yesterday when Bitcoin was lower than 93k.

Price correction must not be in a downward direction, price correction moves the price towards the true value of a commodity after FOMO or panic sales has either spiked it too much or reduced the price below it's actual value. In fact the movement of the price of BTC from 93k earlier this morning up to 98k is still price correction in an upward direction. Those who bought the recent dip are lucky. Maybe we wouldn't see it again for the main time. Nevertheless, continuous accumulation regardless of the price movement is very instrumental to our accumulation journey and makes us dedicated and committed investors.

[JayJuanGee]

Is it really a must to for investors hold bitcoin for 8 to 10 years, before someone can see profitability in the investment?

Is not a must but a beneficial duration of investment to some persons because your invested money determines how long is going to be, for example you and I have a plan of getting $26k worth of Bitcoin and you started with the weekly investment of $100 and in five years you should be having nothing less than $26k in Bitcoin meanwhile instead of using the same amount you are using I choose $50 based on financial insolvent, so actually in the five years I will be having only $13,044 in Bitcoin while you have meet your target in just five years I'm still half way to it, so to get this I will have to give myself another five years to get there making it 10 years I have spent to achieve it, so actually this example is just a little explanation to show you that 10 year investment is not a must but with your plan it can take up to the years I have explained.

Of course, if you invest $100 per week for 5 years, then each year you would be investing $5,200, so after 5 years, you would have $26k invested.  Yet you cannot know know for sure if the dollar value that you invested into bitcoin will be more or less of the amount that you invested.  Your investment into bitcoin could be worth several times higher or it could be worth zero or it could be worth some amount in between.

We invest into bitcoin because we believe that it has decently good fundamentals to cause it it mostly be going up in value rather than down in value, yet we have no guarantees.... so we have to select our investment size in accordance with how much we are able to (and willing to) put into such an asymmetric bet that could potentially cause us to lose up to 100% of the value that we put in or that it could appreciate in value more than if we had placed such value in other locations - and there are variations of those scenarios... which we can make estimates, yet we are not going to have certainties about the values until time plays out and in the meantime, hopefully we are also securing our bitcoin in safe ways so that we do not end up losing them due to our own lack of proper care-takings.

[Churchillvv]

[edited out]

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.

I'm still on my accumulation journey, and I have not even accumulated the amount of bitcoin I want to hold for the long term, so I am not even moved to sell my bitcoin for short-term profit or sell it because of a dip. My main concern is how I will accumulate the amount of bitcoin I want and hold it for at least 4-10 years or more. I have already planned my bitcoin investment in such a way that I am using the money I can afford to lose or the money I will not need for 4-10 years or more to invest in bitcoin, which will allow me not to depend on my bitcoin investment to survive and also allow me to hold my bitcoin to the desired year I intend to sell it. I want to be among those investors that buy bitcoin from the weak hands.

  Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

[temple]

Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Wouldn't it as well be smart to say that accumulation stage should go on for as long as it is realistic that bitcoin will be in accumulation stage. For example, if I reach my goal and own like 1 BTC, but I see the statistics and know that 2% of the world's population now own BTC, but regulatory bodies are more prone to support BTC development and purchases through government organizations and businesses and it becomes evident that they are not against BTC. They pass laws that allow non-custodial wallets without sending you though cumbersome processes like KYC for every address you own and many other bad things. You realize that BTC has a bright future and you also realize that barely one owns it, would it then be right to stop accumulating when probability is high that BTC accumulation is only about to get started?

I think the right decision would be to then maybe adjust your goal and accumulate further as your estimate is that the market has upside potential. Unless you reached certain limits within your wealth distribution preferences, but stopping when you see it is about to get going should perhaps alter the first decision.

[Pi-network314159]

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

You are actually right but looking at the statement of @mayor of ogba, I don't think he made mention of a year investments as newbies, but nevertheless it is good to keep accumulating as much as possible with what you can afford to lose, and meanwhile a newbie should not Wait to be financially OK before investing. He or she should start. Although investments is not by force but doesn't the benefits of doubt we should do the right thing are the right time.  To avoid regret at last. The OGs you made mention about like JajuanGee is a bitcoin maxi and can't be compared to each other person investing because we all have or focus and decisions and devotion.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Yeah having a strong backup fund can be good as it save an investor from the risk of penitrating his bitcoin investment that is why it is repeatedly talked about.  One thing is investment another is emergency and reserve fund  to be able to handle some issues without thinking of your bitcoin portfolio.  except for a planless person who invent without considering the size of his discretion and emergency.

[Promocodeudo]

Currently, the price of bitcoin is experiencing quite rapid increases and decreases. But I personally never worry about that, because I see that the price of bitcoin is always strong at $90K+ and has not yet touched prices below that. So if you look at this, it can be said that the price of bitcoin is currently quite stable at $90K-$97K. Maybe the current decline in bitcoin is clearly the result of traders selling their bitcoin. But I don't think we need to worry about that, because I'm sure there are currently more long-term bitcoin investors than traders. So even though bitcoin traders are selling their bitcoins at the moment, with many bitcoin investors continuing to accumulate, I think bitcoin will continue to stay at this 6-digit number and will definitely continue to increase. Because according to my predictions, currently many people are buying bitcoin to invest in the long term. So we just need to focus on continuing to accumulate bitcoin. Because basically the current decline in bitcoin prices is just a decoration before bitcoin continues to experience higher price increases.

Buddy with your statement above I can see that you're very observant of what's happening recently in Bitcoin investment, for me I call the price that shrinked as a temporal dump but this shouldn't be a problem for anyone, it shouldn't stand as a disturbance to anyone that's if one understands bitcoin investment very well, this is the reason I love Bitcoin, it keeps creating more opportunities for people to keep acumulating as fast as possible, talking about stability in a volatile asset i think i don't agree to that terms, you can say it's not much volatile this time as it keeps maintaining close range continuously.

I agree that the temporal price dip may be because of the fact that some bitcoiners has decided to sell some of their Bitcoin fractions though this is also assumption or speculation as we call it here but be it as it may, it is a good thing for every Bitcoiner to keep accumulating because Bitcoin in no longtime Bitcoin will skyrocket more than what we have seen already, as we know this is not the first time Bitcoin is facing such little price fall so it's no more a new thing, so why will it be a bothering when we know what will happen next,, am not in anyway panicking, no retreat no surrender thats should be the mindset.

[Scarlett_23]

Is it really a must to for investors hold bitcoin for 8 to 10 years, before someone can see profitability in the investment?

Is not a must but a beneficial duration of investment to some persons because your invested money determines how long is going to be, for example you and I have a plan of getting $26k worth of Bitcoin and you started with the weekly investment of $100 and in five years you should be having nothing less than $26k in Bitcoin meanwhile instead of using the same amount you are using I choose $50 based on financial insolvent, so actually in the five years I will be having only $13,044 in Bitcoin while you have meet your target in just five years I'm still half way to it, so to get this I will have to give myself another five years to get there making it 10 years I have spent to achieve it, so actually this example is just a little explanation to show you that 10 year investment is not a must but with your plan it can take up to the years I have explained.

Of course, if you invest $100 per week for 5 years, then each year you would be investing $5,200, so after 5 years, you would have $26k invested.  Yet you cannot know know for sure if the dollar value that you invested into bitcoin will be more or less of the amount that you invested.  Your investment into bitcoin could be worth several times higher or it could be worth zero or it could be worth some amount in between.

We invest into bitcoin because we believe that it has decently good fundamentals to cause it it mostly be going up in value rather than down in value, yet we have no guarantees.... so we have to select our investment size in accordance with how much we are able to (and willing to) put into such an asymmetric bet that could potentially cause us to lose up to 100% of the value that we put in or that it could appreciate in value more than if we had placed such value in other locations - and there are variations of those scenarios... which we can make estimates, yet we are not going to have certainties about the values until time plays out and in the meantime, hopefully we are also securing our bitcoin in safe ways so that we do not end up losing them due to our own lack of proper care-takings.

I agree with you. Bitcoin is a volatile cryptocurrency. It fluctuates constantly. I cannot say how much profit I will get no matter what I invest for a period of 5 or 10 years. It can decrease or increase many times. However, even if it fluctuates in the short term, according to its past history, those who invest here in the long term have benefited a lot. If we follow the time from 2020 to 2023, we will see that the price of Bitcoin is more or less sky-high. So, long-term investment never fails. But if there is a big crash, then that is different. Therefore, to invest in Bitcoin, any person must decide how much risk he wants to take. Is he completely ready to lose his value or not. If a person does not want to lose his value, he can reduce the level of investment, that is, if he loses his value, he should not suffer much loss. Now, if anyone is worried about the safety of his funds, he should keep his funds in a "cold wallet".

[Barikui1]

Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Wouldn't it as well be smart to say that accumulation stage should go on for as long as it is realistic that bitcoin will be in accumulation stage. For example, if I reach my goal and own like 1 BTC, but I see the statistics and know that 2% of the world's population now own BTC, but regulatory bodies are more prone to support BTC development and purchases through government organizations and businesses and it becomes evident that they are not against BTC. They pass laws that allow non-custodial wallets without sending you though cumbersome processes like KYC for every address you own and many other bad things. You realize that BTC has a bright future and you also realize that barely one owns it, would it then be right to stop accumulating when probability is high that BTC accumulation is only about to get started?

I think the right decision would be to then maybe adjust your goal and accumulate further as your estimate is that the market has upside potential. Unless you reached certain limits within your wealth distribution preferences, but stopping when you see it is about to get going should perhaps alter the first decision.

In my own perspective, I think that the ideal time you feels like you have accumulated enough Bitcoin is up too you as an individual, though as humans we always want more, but in life we will definitely get to that level where within us, we can admit that if we stop now, we can as well be ok with what we have, so till we get to that point, I don't see any reason to stop accumulating Bitcoin when it's still very cheap as now.
Lastly, we all know that the stash of Bitcoin in your possession determine how wealthy and profitable you might become in the future, so till you get to that point of satisfaction, you wouldn't even see any reason to stop accumulating Bitcoin, because you aren't satisfy with your current stash of Bitcoin in your possession.

[CageMabok]

I agree with you. Bitcoin is a volatile cryptocurrency. It fluctuates constantly. I cannot say how much profit I will get no matter what I invest for a period of 5 or 10 years. It can decrease or increase many times. However, even if it fluctuates in the short term, according to its past history, those who invest here in the long term have benefited a lot. If we follow the time from 2020 to 2023, we will see that the price of Bitcoin is more or less sky-high. So, long-term investment never fails. But if there is a big crash, then that is different. Therefore, to invest in Bitcoin, any person must decide how much risk he wants to take. Is he completely ready to lose his value or not. If a person does not want to lose his value, he can reduce the level of investment, that is, if he loses his value, he should not suffer much loss. Now, if anyone is worried about the safety of his funds, he should keep his funds in a "cold wallet".

Just mention Bitcoin and everyone who has known Bitcoin for a long time will immediately understand without having to add the word crypto to it. Because Bitcoin is already considered an asset that is very different from the others, so having Bitcoin in the long term and considering it the best investment is the right thing for everyone without exception. And if you have traced how many people have invested in Bitcoin in 2020 until now, of course you will be even more surprised when you see people who have invested in Bitcoin in 2015 and are still continuing to do so until now.

So I think there is no need to be afraid to exchange the fiat money we currently have in order to be able to buy Bitcoin in the market because in reality it can bring so much profit to everyone who buys it regularly. Because when we are not so afraid of short-term price corrections and still see it as an opportunity to stay in the market in order to keep buying Bitcoin, that's where the best strategy is actually being used by most people because they are still confident that the price will increase again after this short-term correction.

[Solokan]

I agree with you. Bitcoin is a volatile cryptocurrency. It fluctuates constantly. I cannot say how much profit I will get no matter what I invest for a period of 5 or 10 years. It can decrease or increase many times. However, even if it fluctuates in the short term, according to its past history, those who invest here in the long term have benefited a lot. If we follow the time from 2020 to 2023, we will see that the price of Bitcoin is more or less sky-high. So, long-term investment never fails. But if there is a big crash, then that is different. Therefore, to invest in Bitcoin, any person must decide how much risk he wants to take. Is he completely ready to lose his value or not. If a person does not want to lose his value, he can reduce the level of investment, that is, if he loses his value, he should not suffer much loss. Now, if anyone is worried about the safety of his funds, he should keep his funds in a "cold wallet".

Just mention Bitcoin and everyone who has known Bitcoin for a long time will immediately understand without having to add the word crypto to it. Because Bitcoin is already considered an asset that is very different from the others, so having Bitcoin in the long term and considering it the best investment is the right thing for everyone without exception. And if you have traced how many people have invested in Bitcoin in 2020 until now, of course you will be even more surprised when you see people who have invested in Bitcoin in 2015 and are still continuing to do so until now.

So I think there is no need to be afraid to exchange the fiat money we currently have in order to be able to buy Bitcoin in the market because in reality it can bring so much profit to everyone who buys it regularly. Because when we are not so afraid of short-term price corrections and still see it as an opportunity to stay in the market in order to keep buying Bitcoin, that's where the best strategy is actually being used by most people because they are still confident that the price will increase again after this short-term correction.

I agree with you, yes, owning BTC for the long term is certainly the right thing and indeed BTC is still popular today and many BTC investors have indeed done DCA from the past until now. Yes, honestly, I'm not surprised by the people who have DCA from 2015 and so on until now and of course up to now they are still collecting as much as they can and this is a good thing and of course we are not too late for beginners and others for DCA because Of course, currently the opportunity for DCA BTC is still wide open as long as we use money that is ready to be lost and we also have to have reserve funds so that our investment is safe for the long term.

It's true that if we intend to invest in BTC for the long term, of course we don't need to be afraid of buying BTC with our money because of course in the future the price of BTC will potentially be higher and it may be difficult for us in the future to find BTC prices at current prices. To be honest, I am also a beginner with little experience investing in BTC. I started DCA from a BTC price of less than $20k and up to now, although I have made a profit, I will not sell it because I believe that it is currently too cheap to sell BTC. because it feels certain that even though one day there will be a bearish market, I'm sure BTC will not fall below $20k. In fact, I am currently continuing to DCA because I believe now is a good time because the price of BTC is still fluctuating. The price fluctuations indicate that there are still many opportunities to continue DCA.

[sotelorene]

Perhaps I may not know the amount (dollar) which you put into bitcoin (daily, weekly and/or monthly) however I would say even in the next 4 years you might still want to be in your accumulation stage, of course there are people here who have had bitcoin from the last 4 to 8 years yet still prioritize buying more bitcoin or in your terms still in their accumulation stage. No matter the level of aggressive buying one might do with the level of confidence in bitcoin, I still see reasons even after 10 years as you said to keep buying more bitcoin.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

so I am not selling my bitcoin cheaply to anyone because it takes me a lot of time to accumulate the amount of bitcoin I have now.

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Wouldn't it as well be smart to say that accumulation stage should go on for as long as it is realistic that bitcoin will be in accumulation stage. For example, if I reach my goal and own like 1 BTC, but I see the statistics and know that 2% of the world's population now own BTC, but regulatory bodies are more prone to support BTC development and purchases through government organizations and businesses and it becomes evident that they are not against BTC. They pass laws that allow non-custodial wallets without sending you though cumbersome processes like KYC for every address you own and many other bad things. You realize that BTC has a bright future and you also realize that barely one owns it, would it then be right to stop accumulating when probability is high that BTC accumulation is only about to get started?

I think the right decision would be to then maybe adjust your goal and accumulate further as your estimate is that the market has upside potential. Unless you reached certain limits within your wealth distribution preferences, but stopping when you see it is about to get going should perhaps alter the first decision.

In my own perspective, I think that the ideal time you feels like you have accumulated enough Bitcoin is up too you as an individual, though as humans we always want more, but in life we will definitely get to that level where within us, we can admit that if we stop now, we can as well be ok with what we have, so till we get to that point, I don't see any reason to stop accumulating Bitcoin when it's still very cheap as now.
Lastly, we all know that the stash of Bitcoin in your possession determine how wealthy and profitable you might become in the future, so till you get to that point of satisfaction, you wouldn't even see any reason to stop accumulating Bitcoin, because you aren't satisfy with your current stash of Bitcoin in your possession.

If I may ask how much Bitcoin do you think one will have and said it is okay for me perhaps let me stop? And why will they stop when they have all it takes to keep the investment running smoothly?. Then again I feel the only people that will think of stopping their investment because they feel they have accumulated enough are people who are struggling to accumulate it because if you are accumulating Bitcoin with little or no stress definitely you wouldn't want to stop no matter the amount you have I mean it is just like saying I'm tired of doing business that will give you a good return in the future looking at it potential. However, I wouldn't want to say for everyone but me personally I can't stop accumulating no matter the amount of Bitcoin I'm holding provided it is not stressing me.