Buy Buy Buy or Sell Sell Sell?

[Promocodeudo]

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

Buddy first and foremost you have to learn how to different between those shitty things and Bitcoin and beside we are not in anyway discussing about shitcoin or altcoins here unless you want to give example of coins that one should not go for in terms of investment then you can mention them, buddy you don't have to even think of investing or having the mindset of holding those shitty things that' are not long-term assured, I think you need to learn a lot so that you will understand that after bitcoin it's still Bitcoin no other shitty project to compare with it, my advise please, I think you should understand that Bitcoin is on it's own and whenever you mention crypto don't expect anyone here to think that you're referring to Bitcoin and all those shitty things.

If you want to talk about Bitcoin be open to it, yea Bitcoin is the only digital asset that has the ability to appreciate in a long-term that's if an investor abide by it's concept which is buying continuously with the amount that you can afford steadily and consistently and hodl for a long-term.
Holding for a long-term  should be the major approach of a bitcoiner who understands what long-term entails but as for the crypto you keep mentioning that's not part of the process.

[Samlucky O]

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

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

Surely you might be making some sense but the way of composing your statement make it look thus Bitcoin is shitcoin. Actually in this thread "crypto" are referred to as alt/shitcoins and referring Bitcoin to "crypto" is no accepted. And secondly you said that "there is no time that is specific and good enough to sell" of course that is a lie. There is always a planting and harvest time for the farmer, which means during the planting season we can not harvest except for the harvest time. Likewise for the Bitcoin investors, during the time of investment we can't  talk of selling untill we have met our target or reach our final stage of accumulation when we can begin to shave off our profit. And I also agree with you that making profit in Bitcoin required a long term hodling. but next time when making reference about Bitcoin, don't tag it as crypto because crypto surely mean shitcoins and that may change the intended meaning of your statement and that will attract people that weil attack you. Hope you have learnt.

[Furious 7]

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

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

Your view is not entirely correct and even tends to be wrong because in the end we cannot compare bitcoin with shitcoin so in this case it will not be the same in terms of the treatment carried out because in the end comparing the incomparable is ridiculous.

I will not prohibit anyone from being in shitcoin more precisely I don't really care what other people do because that is their right but comparing the situation carried out in shitcoin with in bitcoin is clearly a wrong action because after all we have to know in terms of priorities and progress clearly bitcoin will be very much MORE superior than shitcoin so we don't need to compare and assume equality in terms of treatment in investments made for shitcoin and bitcoin because in the end this clearly cannot be equated.

Although for bitcoin I agree that when we hold for several halving periods or several years it can end very well when we are able to go through that process but I confidently say that such things do not apply to shitcoin because in the end it will only waste time and waste your money.

[SuperBitMan]

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

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

You really don't understand your self and you didn't learn anything since you have been in this forum, mentioning crypto and referring it to Bitcoin is not allowed in this thread this is a Bitcoin discussion thread, Bitcoin is on its own the others are shitcoins, you mentioning crypto here you may mislead newbies and even yourself in believing Bitcoin and shitcoins are one, shitcoins has really destroyed a lot of people and should be avoided, this shitcoins are created by people who just wants to make profit by deceiving other people, all this coin influencers in X (Twitter) they are being contacted to promote a particular shitcoin in other to get the attention of buyers and as soon as buyers get involve the creator immediately sell of there own shitcoin making huge amount of money from it, and these is what has been going on for long now,
So if you are accumulating and holding a shitcoin for a long term you are wasting your time because nothing good will come out of it, there are a lot of scam associated with shitcoins and that is why I hate it when anyone try to classify Bitcoin and shitcoins on same category, they are never in the same category so don't try to confuse newbies by your explanation.

[Scarlett_23]

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

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

How do you reason to hodl shitcoins for long or why trying to put your money into shitcoins moreover this is not a shitcoins discussion thread so it is better you stop using the word Crypto in this thread in other not to be a misleader of newbies and to your self, bitcoin is the only coin that has a great potentials to invest on and hodl for long and stop giving a shit about crypto in this thread because we have nothing to discuss about crypto here so don't get distracted and focus only on bitcoin so have it in mind  that we are not talking about crypto and lets talk about bitcoin because mentioning crypto here is like encouraging people to invest into shitcoins because not been specific about the coin you are talking about for it is better to call bitcoin bitcoin and shitcoin shitcoins rather than saying crypto.

The term 'crypto' refers to all types of digital coins together. So we must be careful when using the word 'crypto'. We need to be careful not to confuse others with our writing. We also need to remember that there is a stark difference between Bitcoin or (BTC) and other coins. Bitcoin is the focus of discussion in this thread. It is the first digital currency that is proven and secure by many people. This currency guarantees long term profits and is a sustainable currency and people can use this currency freely. On the other hand, many people have become destitute due to the deception of the Shitcoin project. Because most of the sheet coins have been falling in price rather than rising in the long term.

[Solokan]

[edited out]

It's very true what you say as long as we don't stress about collecting bitcoins, even though for example we already have a lot of bitcoins, of course that is a good thing and indeed for some people there will definitely be a time when they feel enough with the BTC they get, but of course we also don't blame them because Of course that is his right and of course everyone has different thoughts and different ideals.

but it seems that I also agree with you because to be honest, up to now I personally have never been satisfied with collecting BTC because for me buying using the DCA system and of course using money that is ready to be lost to buy BTC for me is certainly not a difficult thing because it doesn't harm my daily life. today and honestly I see the higher the price of BTC, the more I want to continue DCA because I see that currently there are still a few people buying BTC because there are quite a few people who prefer to invest in altcoins and don't want to invest in BTC and of course in my opinion Surely someday it will happen that people will be disappointed with altcoins and surely in the end BTC will be the final goal. So I personally looked in that direction and I also heard the news that one day in the future the price of BTC will be stable and the prices will not fluctuate or fluctuate much because there are so many users, so for me personally I will continue to be enthusiastic about DCA.

You have been registered on the forum for less than 2 years.  So have you been accumulating bitcoin for that amount of time or longer?

I have a hard time figuring out how most people would be able to accumulate enough BTC in less than 2 years, especially with the BTC price pretty much going up the whole time.

Sorry for the late reply, I've been starting DCA for about a year and of course I'm collecting as much as I can, at that time since the BTC price was more or less under $20k. At that time I realized and read on this forum that the DCA system is one of the best ways to collect BTC.

It's true that I haven't collected a lot of BTC, but I realize that of course it's never too late to start and stay enthusiastic and do DCA regularly, but honestly I feel happy, even though at the moment I haven't collected much BTC, at least I've succeeded in doing DCA and this really makes me happy. I am happy. 

Indeed, it doesn't feel easy when you look at the price of BTC because the price continues to rise, but what is certain is that because I put in money that I was ready to lose, which was put into buying BTC, of ​​course it felt very light and definitely without a burden.

[GIF-JOBS]

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The term 'crypto' refers to all types of digital coins together. So we must be careful when using the word 'crypto'. We need to be careful not to confuse others with our writing. We also need to remember that there is a stark difference between Bitcoin or (BTC) and other coins. Bitcoin is the focus of discussion in this thread. It is the first digital currency that is proven and secure by many people. This currency guarantees long term profits and is a sustainable currency and people can use this currency freely. On the other hand, many people have become destitute due to the deception of the Shitcoin project. Because most of the sheet coins have been falling in price rather than rising in the long term.

Bitcoin is controlled by many people? Who/how many people controls Bitcoin? Bitcoin is not controlled by anyone, Bitcoin works based on blockchain technology, Bitcoin is a decentralized system, where no specific person or group, but rather the nodes of the network work according to the protocol. Therefore, your statement that, Bitcoin is proven and "secure" by "many people" is Completely wrong.

The term 'crypto' refers to all types of digital coins together. So we must be careful when using the word 'crypto'. We need to be careful not to confuse others with our writing. We also need to remember that there is a stark difference between Bitcoin or (BTC) and other coins. Bitcoin is the focus of discussion in this thread. It is the first digital currency that is proven and secure by many people. This currency guarantees long term profits and is a sustainable currency and people can use this currency freely. On the other hand, many people have become destitute due to the deception of the Shitcoin project. Because most of the sheet coins have been falling in price rather than rising in the long term.

No, Bitcoin never guarantees anyone a guaranteed profit, Whether long-term or short-term, it is a very volatile currency, While there is potential for profit in Bitcoin investment, the potential for loss is equally evident. There is never a guaranteed profit from Bitcoin, only the "possibility" of profit increases by holding it for a long time, never a certainty. It is never certain what level the price of Bitcoin will go to in the future, only the possibility can be estimated, which is not certain.

Researching the history of Bitcoin shows that Bitcoin increases in the long term, but is there any guarantee that this will happen in the future? There is only a "possibility" not "guarantees".

[cryptoWODL]

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

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

How do you reason to hodl shitcoins for long or why trying to put your money into shitcoins moreover this is not a shitcoins discussion thread so it is better you stop using the word Crypto in this thread in other not to be a misleader of newbies and to your self, bitcoin is the only coin that has a great potentials to invest on and hodl for long and stop giving a shit about crypto in this thread because we have nothing to discuss about crypto here so don't get distracted and focus only on bitcoin so have it in mind  that we are not talking about crypto and lets talk about bitcoin because mentioning crypto here is like encouraging people to invest into shitcoins because not been specific about the coin you are talking about for it is better to call bitcoin bitcoin and shitcoin shitcoins rather than saying crypto.

The term 'crypto' refers to all types of digital coins together. So we must be careful when using the word 'crypto'. We need to be careful not to confuse others with our writing. We also need to remember that there is a stark difference between Bitcoin or (BTC) and other coins. Bitcoin is the focus of discussion in this thread.

It is very important to know from the beginning that Bitcoin is not crypto. Because in terms of investment, new investors may be confused by this term. Mentioning the word crypto means mentioning the names of various shit coins and alt coins. So it is best for everyone not to discuss these coins in threads where bitcoin and bitcoin investment are discussed. Michael Saylor clearly discusses in this video that Bitcoin not crypto.

On the other hand, many people have become destitute due to the deception of the Shitcoin project. Because most of the sheet coins have been falling in price rather than rising in the long term.

It may be very difficult to find someone who has achieved success by investing in Shit Coin, but we can give many examples of people who have changed their financial status by investing in Bitcoin. Currently various companies are buying and investing in Bitcoin. Visit this link to see how some people have been successful investing in Bitcoin.

12 Bitcoin Success Stories: Meet Bitcoin Millionaires

[DubemIfedigbo001]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

When a person calculates the advantages and disadvantages of getting a loan versus not getting a loan, there might not even be a very great difference between the two options.....

For example, one option is to get the loan, let's say the loan is for something like $12k, and the payback period is over 2.5 years with a minimum payment on the outstanding balance of 1.5% per month with a balloon payment (of the remaining balance at the end of the 2.5 years), and the interest rate is 6% per year compounded daily.  Maybe there is also a $50 origination fee.. and no penalties for paying back early. 

The person can figure out the terms of the loans and figure out if he wants to get the loan, and perhaps the purpose is to build his credit but also he wants to front load his investment into bitcoin, and maybe the bitcoin price will go up in the next 2.5 years and maybe it will not. so he considers the cost of frontloading the investment to be the interest rate and the fees.. and so if his monthly  payments are starting out around $180 per month, and then he will have had paid nearly half of the loan over 2.5 years, and maybe he still would owe something like $7,500 at the end of 2.5 years, and he might have to figure that he is buying the bitcoin in advance, and he is paying back the loan with his income as it comes in.. and then he just has to make sure that he has $7.5k-ish and that he is not depending on the bitcoin price to go up in order to make that remaining balance.. .. sure if the bitcoin price goes up during that time, that is fine, but he is not dependent on the bitcoin price going up since he can pay back the loan either way.. so he is not gambling, but he is making a calculation about whether it is going to be worth around $1,800 extra for him to be buying the bitcoin earlier rather than just buying bitcoin over the next 2.5 years as his income comes in.  The result of the decision could go either way.. and surely the terms of the loan if it is more harsh or it is more lenient could make differences in regards to entering into the loan.. and also if there are risks that the guys income could dry up, then he has to account for those kinds of back up plan situations in regards to how he would service the loan if those kinds of additional stresses were to happen... if the guy knows he has a good income and he knows that he even has back up income that he could do if his primary income dries up, then he is in a stronger position as compared to a guy who might be thinking about going to university and quitting his job or he might have less ability to be assured about his income in the coming 2.5 years, then he might be more hesitant to enter into such debt.

Very impressive explanation JJG. However, it's good to note that loans of these good interest rates and comfortable conditions are gotten from government agencies, banks and other less greedy loan merchants. It is also noteworthy that this kind of loans are not easily obtainable by people who do not have complimentary collateral to present, thereby limiting poorer people's access to such loans.

In my country, it takes a lot and more like an eternity to be given these kind of loans and the loans that are easily accessible are those given by loan sharks who charge as high as 25% interest for just 30 days, which stipulates that in less than 5 months, you'll be accruing an interest of 100% of the loan amount. Those aren't suit for this kind of swipe at Bitcoin investment and I personally don't think it's a good option since the interest can end up putting the borrower in a big mess.

[Fara Chan]

The term 'crypto' refers to all types of digital coins together. So we must be careful when using the word 'crypto'. We need to be careful not to confuse others with our writing. We also need to remember that there is a stark difference between Bitcoin or (BTC) and other coins. Bitcoin is the focus of discussion in this thread. It is the first digital currency that is proven and secure by many people. This currency guarantees long term profits and is a sustainable currency and people can use this currency freely. On the other hand, many people have become destitute due to the deception of the Shitcoin project. Because most of the sheet coins have been falling in price rather than rising in the long term.

Whatever the name is other than Bitcoin must still be considered different so that every time you want to say about Bitcoin, it must be written directly without having to use other metaphors that can confuse many people like what you said. So what you said is actually quite right to be understood by many people so that we all don't need to find a new word if only to express about Bitcoin because the word Bitcoin is always more appropriate to say without having to be replaced with another one.

Currently Bitcoin is still facing a correction condition even though its price has been at $95K and now it is not too far from that range. So I think this is still quite worthy to continue to be utilized well by everyone, especially for those who want to buy at a certain amount because the current price should be considered not too expensive so that we have high confidence to continue buying it before Bitcoin goes past $100K again.

[Felicity_Tide]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you on this, some people doesnt understand what loan is meant for, as a matter of fact before anyone access a loan facility or individual loan, such person should have consider a means of paying back such loan to avoid indebtedness, you don't get a loan just because you heard that MR A got a loan and it favoured him in achieving whatever purpose he got such loan for, in the aspect of accessing a loan for Bitcoin investment or whatever investment one want to go into I will only support this if the person involved understands how to manage financial risk and also have the ability to plan with the amount available to enable him or her process whatever idea he wants to invest on to a realistic investment then such person is good to go.
Loan is meant for people who are not financial reckless that are ready to turn any amount given to them into some good amount not people whose purpose of getting a loan is to invest in something that may keep them financially stranded in a short while if care is not taken.

I don't have much experience with taking loans and paying interest, but talking about "soft loans", I do that quite often especially from a well trusted friend.

All what you've just stated here are just the true fact, which I think is very common among those that takes loan. And after reading your reply here, I just kept asking myself, why don't people take loans that isn't above their worth?. Aside the fact that some loan takers fails to draft out plans to use their loan properly, there are some that just happen to take loans that are far outrageous. Just imagine someone with a worth of maybe $1-2K, taking a loan of let's say $4-5K, which doesn't really wrap up well IMO.

And, concerning those that fails to put their loans to use by investing wisely or in a better project with a lower risks like Bitcoin, you start wondering why they had to take the loan in the first place. I actually took a soft loan for myself recently, which was from a trusted friend. I couldn't just let the recent mid-week decline in Bitcoin price pass me bye, even though I had already made my DCA at the start of the week. IMO, I have used the soft loan in a very good way, and I can still pay at any point in time because I actually took something that I can afford to pay. Even if I decide to repay now, it's still a plus to me.

[ChocolateBitcoinK]

Currently Bitcoin is still facing a correction condition even though its price has been at $95K and now it is not too far from that range. So I think this is still quite worthy to continue to be utilized well by everyone, especially for those who want to buy at a certain amount because the current price should be considered not too expensive so that we have high confidence to continue buying it before Bitcoin goes past $100K again.

Bitcoin, at the current situation, is in an initial correction phase, so it may be a good time to start investing at the current price $93K. Because the current price is very low compared to the level at which Bitcoin's price is likely to go in the future. Which is a good opportunity to start investing. At this time, the price has decreased slightly, and Bitcoin is likely to go back to $110K + very soon. Bitcoin has gained global acceptance, and many large institutions and government (Donald trump) agencies are now investing in Bitcoin, which creates a golden opportunity for further growth in the price of Bitcoin. Bitcoin should be invested in for long-term holding purposes, because if Bitcoin is viewed from a long-term perspective, Bitcoin can bring a unique opportunity for success in the future.

[sotelorene]

Currently Bitcoin is still facing a correction condition even though its price has been at $95K and now it is not too far from that range. So I think this is still quite worthy to continue to be utilized well by everyone, especially for those who want to buy at a certain amount because the current price should be considered not too expensive so that we have high confidence to continue buying it before Bitcoin goes past $100K again.

Bitcoin, at the current situation, is in an initial correction phase, so it may be a good time to start investing at the current price $93K. Because the current price is very low compared to the level at which Bitcoin's price is likely to go in the future. Which is a good opportunity to start investing. At this time, the price has decreased slightly, and Bitcoin is likely to go back to $110K + very soon. Bitcoin has gained global acceptance, and many large institutions and government (Donald trump) agencies are now investing in Bitcoin, which creates a golden opportunity for further growth in the price of Bitcoin. Bitcoin should be invested in for long-term holding purposes, because if Bitcoin is viewed from a long-term perspective, Bitcoin can bring a unique opportunity for success in the future.

Dude, there may not be a good time to invest in Bitcoin but  perhaps the Dip now is okay and anyone who is still waiting for Bitcoin to Dip more that is below $90k is wasting time and off course will miss so much opportunity that he or she will regret later though because or due to Bitcoin volatility it may Dip below but waiting for it, is what I can not advise any investor to do because very soon Bitcoin is going to pump from this current position and I believe once it pump from there we are going to see a new all time high (ATH).

These people you mentioned that are buying and holding Bitcoin now are big names no doubt but sometimes they don't actually affect the market, the market will always do what it is suppose to do at the appropriate time and  one shouldn't buy because these people are buying it rather we should buy and hold because we want to..., because anyone who buy because these people are buying and hoping for bull run and there's nothing like that, they may be tempted to sell their investment.

[Sim_card]

Currently Bitcoin is still facing a correction condition even though its price has been at $95K and now it is not too far from that range. So I think this is still quite worthy to continue to be utilized well by everyone, especially for those who want to buy at a certain amount because the current price should be considered not too expensive so that we have high confidence to continue buying it before Bitcoin goes past $100K again.

Bitcoin, at the current situation, is in an initial correction phase, so it may be a good time to start investing at the current price $93K. Because the current price is very low compared to the level at which Bitcoin's price is likely to go in the future. Which is a good opportunity to start investing. At this time, the price has decreased slightly, and Bitcoin is likely to go back to $110K + very soon. Bitcoin has gained global acceptance, and many large institutions and government (Donald trump) agencies are now investing in Bitcoin, which creates a golden opportunity for further growth in the price of Bitcoin. Bitcoin should be invested in for long-term holding purposes, because if Bitcoin is viewed from a long-term perspective, Bitcoin can bring a unique opportunity for success in the future.

Of course, whenever you have your discretionary ready is the best time to invest and any new investor who just want to start his bitcoin investment should start right away provided he is using the amount from his discretionary income that will enable him continue accumulating bitcoin overtime.

This is why DCA method is there for you to adopt, because it enables you to buy bitcoin every week or month regardless the price of bitcoin at that moment. Waiting is very dangerous because it will make you lose the opportunity in the market in other for you to start buying  right away and increase your bitcoin stash overtime. Waiters will regret in the long run because they will be low coiners.

[Mame89]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

In essence, to avoid something unwanted, it is better to avoid debt for investment even though it is a bitcoin investment that has a future, but we must also know that the fluctuating price of bitcoin will make you fail to pay your debt on time.

Before investing, it should be better for us to learn about good financial management. If all has been done, then invest. Investment must use cold money, so there will be no panic and so on. So don't invest with money for daily living needs, let alone take loans, of course this is a bad decision. So even though the price of Bitcoin is falling like this, if you can't manage your finances well, it's better not to force yourself to buy it, it's better to do DCA with enough money. Besides, investing in bitcoin will be wiser for the long term, not for the short term.

[rachael9385]

Currently Bitcoin is still facing a correction condition even though its price has been at $95K and now it is not too far from that range. So I think this is still quite worthy to continue to be utilized well by everyone, especially for those who want to buy at a certain amount because the current price should be considered not too expensive so that we have high confidence to continue buying it before Bitcoin goes past $100K again.

Bitcoin, at the current situation, is in an initial correction phase, so it may be a good time to start investing at the current price $93K. Because the current price is very low compared to the level at which Bitcoin's price is likely to go in the future. Which is a good opportunity to start investing. At this time, the price has decreased slightly, and Bitcoin is likely to go back to $110K + very soon. Bitcoin has gained global acceptance, and many large institutions and government (Donald trump) agencies are now investing in Bitcoin, which creates a golden opportunity for further growth in the price of Bitcoin. Bitcoin should be invested in for long-term holding purposes, because if Bitcoin is viewed from a long-term perspective, Bitcoin can bring a unique opportunity for success in the future.

Despite the fact that the presence of Donald Trump might bring a significant change in the crypto space (Bitcoin), one really needs to start investing in Bitcoin as soon as possible (ASAP) because now is/might be the best chance they have. However, before one invests in Bitcoin, he or she must use their discretionary income before investment because that's probably the amount they can afford to lose. Delaying to invest in Bitcoin can do no good because Bitcoin is below $100k. Which means it is at a low rate. Moreover, you will definitely regret it when you notice that you have missed a lot of opportunities (especially when the market was favorable and you haven't invested). Actually, as a newbie, you must apply the DCA method to your Bitcoin investment because the DCA method gives you the advantage to invest at your own comfort through a decent amount, and with your consistent investment, you will probably have a good portion of Bitcoin in your portfolio if only you can invest/HODL for the long term. 

[Yablee0]

Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop  and in large portion of it (bitcoin),and hold for long periods of time.

[Cryptoprincess101]

In conclusion loan is not for everyone but for people who are financial minded or wise, and not for guys who should not have been using dept due to lack skill and or using it in the wrong circumstances.

I agree with you here. Most people take loans for business or any other thing and they pay it back. Now, they took the loan because they already prepared or are expecting the money in a few day's time to pay back. I am totally against taking loans to invest in Bitcoin as it is very dangerous. But to those who are financially buoyant and can expect huge money several times within a week or two then they can choose to take loan if the urgent buy of Bitcoin is so serious.

In essence, to avoid something unwanted, it is better to avoid debt for investment even though it is a bitcoin investment that has a future, but we must also know that the fluctuating price of bitcoin will make you fail to pay your debt on time.

Before investing, it should be better for us to learn about good financial management. If all has been done, then invest. Investment must use cold money, so there will be no panic and so on. So don't invest with money for daily living needs, let alone take loans, of course this is a bad decision. So even though the price of Bitcoin is falling like this, if you can't manage your finances well, it's better not to force yourself to buy it, it's better to do DCA with enough money. Besides, investing in bitcoin will be wiser for the long term, not for the short term.

Even if you have a good financial management, there may be times when you might be stucked in a situation where your emergency funds and your reserved funds cannot settle a physical challenge you might have encountered due to maybe a decrease in your income or maybe you might have gotten yourself into things that will need a lot of money. For instance, you can be investing in bitcoin and also spending money a project you want to establish so since you cannot withdraw your bitcoin while your investment is not yet due, the only option you might be faced with is taking a loan to cover that immediate challenge knowing that you can pay back from your income when it arrives. Where taking a loan is bad is when you don't have a job that generates income for you to pay back your debts. The reason why we should invest with a disposable income is because we must have already taken care of our daily needs and all that so when you invest after sorting out those basic things, it gives you comfort in your investment without any inconvenience. Not forcing oneself to invest in bitcoin don't mean that we can only apply the DCA, but any strategy we find convenient enough so far as we have a long-term investment plan, we can still succeed in it.

[Frankolala]

Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop  and in large portion of it (bitcoin),and hold for long periods of time.

Take note that anyone can use the lump sum strategy to buy bitcoin either rich or poor, it does not matter the amount you are using to buy to be very big. For instance, I might be using $50 for my regular weekly DCA, and I come across funds that I am not expecting and have no budget for, maybe I was given a bonus in my place of work or traveling allowance of $500. I can choose to buy bitcoin with $300 right away irrespective of the price of bitcoin and keep $200 to buy at the dip. I can still choose to lump sum and buy with all the $500 in a go.

When you have funds to buy bitcoin like the above example that I gave and you refuse to buy bitcoin immediately you have the money and you are waiting fod bitcoin price to dip, it's not called lump sum but buying at the dip. A new beginner should think of using such strategy because it's useless for him waiting for the dip that nobody knows when it will come.

[Futurexxx]

Gud evening everyone. My little take on the above topic, it all about buying of bitcoin in dca, simply mean buying bit by bit as much as your pocket can buy and holding it for a long period of time. Or buying by lump sum: buying by this method is mostly best for people that has much funds, because you target to buy when the prize drop  and in large portion of it (bitcoin),and hold for long periods of time.

With what you wrote down here, it shows that you are not just new here but you are learning gradually, but I just want to throw more light on what it entails to be a successful Bitcoin investor.
To be a successful Bitcoin investor, as a newbie investors, you have to start accumulating Bitcoin either through the DCA accumulating strategy, a situation where you buy Bitcoin bit by bit either weekly or monthly depending on how much you can afford from you discretionary income or you accumulate it through the lumps sum strategy, a situation whereby you mostly buy when their is a dip in price of Bitcoin, but take note that as  you are  buying, you are aiming to hold for a very long period of time like 10 to 20 years time from now.

Then  another thing that is required as a Bitcoin investor is an emergency fund so that you won't have to fall back to your Bitcoin investment when being faced with serious financial needs, so emergency funds is very important in your ability to hold and not selling prematurely.
Then when all this is in place, you have to pay deaf ear to the speculations and outside noise about Bitcoin, so that you wouldn't sell in panic when their is a strong dip in price of Bitcoin.