Buy Buy Buy or Sell Sell Sell?

[Zackz5000]

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.

There are other strategies too that investors might also choose to use when accumulating Bitcoin but why this DCA strategy seems to more adopted is it gives investors an opportunity of accumulating Bitcoin gradually irrespective of the price and also the money you can use to accumulate Bitcoin is your discretionary income that is your leftover funds after you might have sort out your personal needs and when accumulating Bitcoin will also accumulate with the level of your discretionary income because your pocket money could be your personal needs money which may affect your personal living after accumulating Bitcoin. People that has low discretionary income could still accumulate Bitcoin using the lump sum strategy if probably they won a lottery along the line they might decide to lump sum to increase their bitcoin stack  so the lump sum is not just best for those that has much funds so that those that know won't think that it is only the rich that can lump sum.
Buying also when the market is dip is buying the dip strategy is a very slow movement of accumulating Bitcoin it should only be any opportunity to accumulate more Bitcoin instead of waiting to dip.

[Ruttoshi]

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.

You just repeated what Yablee0 said.
Point of correction, both of you are getting the meaning of buying with lump sum wrongly. When we talk about lump sum doesn’t mean that you keep the cash on you and start waiting till the price of bitcoin dips before buying. Lump sum means that you are buying immediately with the amount of money you have on you at once from an unbudgted funds, no matter the price of bitcoin at that time you are buying wether the price is high or dip. Don't misuse or confuse yourselves with this words so that don't be waiting for a dip and thinking you want to lump sum so that you don't use the wrong strategy at the wrong time.

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.

Having a bitcoin long-term investment goal and your believe in bitcoin is enough for you not to take any news serious because that's not your main focus but to reach your bitcoin target.

[Miles2006]

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.

The last paragraph talks about buying the dip, lump sum simply means buying with a nice amount that’s considered huge by an investor not minding the market price. This strategy is not the best for those with large funds because choosing a strategy doesn’t only depends on your funds generally your plans and goal determines the suitable strategy like how long can an investor hold buying consistent using a strategy is an example. Investors can always go for a different strategy anytime when the funds is available for example buying the dip, well the dca is a popular strategy not because it’s the best of course there’s no such as best rather most investors usually receive their income monthly and in aline with investing makes planning easy.

[JayJuanGee]

[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.

Your situation is even worse than i expected, and so yeah, everyone feels like a genius if they are buying BTC and the BTC price is going up.  You likely need to make it through at least a whole cycle and maybe even two cycles to figure out if you have been successful in mostly buying bitcoin and building your stash while NOT getting distracted into selling or shitcoin or other kinds of distractions that can come, especially if you are buying and the BTC price is largely going up the whole time.

[edited out]

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.

You are correct.  The worse the loan terms, the less justifiable to enter into such loan, and I already mentioned that even though I was describing a loan example with a 2.5 year term, many times people will have trouble getting any loan for that long - yet not everyone is in the same situation, so there can be acceptable loan terms that people can get, in which it becomes more tempting to take advantage of better loan terms, especially if you know about some kind of a way to use the loan to make more money than it costs to pay the interest (and other service fees) associated with the loan.

Of course, I also mentioned that anyone planning to take any loan should be able to have abilities to pay back the loan with proceeds other than what is being invested into, especially in our example of a loan that is planned to be used to buy bitcoin.

[Btcdeybodi]

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.

I prefer you say investing with a discretionary amount because saying that you invest with an amount you can afford to lose seems to me that you are undecided about the productivity of the asset you are investing on thereby you can reluctantly invest lower amounts in your DCA even if you have enough discretionary amount to boost your investment. Investing with an amount you can afford to lose do not necessarily mean that you should have that mentality that it can be lost especially if you have a long term mindset. It is mostly those with short term plan that worries more about the amount they invested with, even though it is an amount they can afford to lose without having a deep feeling of emotions if actually such scenario turns up in the future. Bitcoin has gone above those days when most people were investing in it with fear of it crashing along the line. However, it is not a prerequisite that you will make profits at every point in your investment in bitcoin but there is need to have that positive mindset while investing at the level of your discretionary income.

[Futurexxx]

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.

I prefer you say investing with a discretionary amount because saying that you invest with an amount you can afford to lose seems to me that you are undecided about the productivity of the asset you are investing on thereby you can reluctantly invest lower amounts in your DCA even if you have enough discretionary amount to boost your investment. Investing with an amount you can afford to lose do not necessarily mean that you should have that mentality that it can be lost especially if you have a long term mindset. It is mostly those with short term plan that worries more about the amount they invested with, even though it is an amount they can afford to lose without having a deep feeling of emotions if actually such scenario turns up in the future. Bitcoin has gone above those days when most people were investing in it with fear of it crashing along the line. However, it is not a prerequisite that you will make profits at every point in your investment in bitcoin but there is need to have that positive mindset while investing at the level of your discretionary income.

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

[Popkon6]

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.

Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
 If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term

[avp2306]

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.

Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
 If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term

Yes easy if we talk about buying it then hold for long time. What makes it harder is how you gonna deal with your emotion for seeing those volatile movement of Bitcoin since there's unexpected situation that will come up that will test our patience and belief.

That's why aside for accumulating Bitcoin we should have at least basic knowledge so that we would know how to determine right and correct information since there are to many misleading things spread by people online.

Also its important to have a good cash flow since this is important when dealing with Bitcoin for long term since if you can consistently accumulate it without getting any outside issue, the chance for us to succeed is high.

[Mayor of ogba]

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.

Hello Yablee0, Are you asking us a question that will help you know how the DCA strategy works? Because I noticed at the end of your post you were explaining the lump sum strategy, and you are also much more interested in the lump sum strategy. What you just explained as the lump sum strategy is not the true definition of the lump sum strategy but the buying the dip strategy. The lump sum strategy is when you use a large amount of money and invest in bitcoin at once. But as a newbie, the lump sum strategy is not basically meant for you at the beginning of your bitcoin investment because you are yet to figure out your finances and if you will have good discretionary income that would allow you to afford the lump sum strategy at the beginning of your bitcoin investment. But as a lower coiner or newbie in bitcoin investment, the DCA strategy is the perfect strategy for you because it will always allow you to accumulate bitcoin at any given price whenever your discretionary income is readily available, which will give you the advantage and the opportunity to always accumulate bitcoin consistently. 

[$crypto$]

Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
 If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term

Yes easy if we talk about buying it then hold for long time. What makes it harder is how you gonna deal with your emotion for seeing those volatile movement of Bitcoin since there's unexpected situation that will come up that will test our patience and belief.

That's why aside for accumulating Bitcoin we should have at least basic knowledge so that we would know how to determine right and correct information since there are to many misleading things spread by people online.

Also its important to have a good cash flow since this is important when dealing with Bitcoin for long term since if you can consistently accumulate it without getting any outside issue, the chance for us to succeed is high.

In bitcoin investment ---- Patience, managing, finance is very important if you can control it then the possibility of long-term investment will run smoothly even though in the middle of the road there are always twists and turns but somehow we must be prepared to face it.

For me is to maintain monthly income, in addition to other sources, financial management will be very good for our needs and put dollars in bitcoin, yes as you say cash flow must be maintained.

What I do ---- additional sources will be entered into bitcoin in addition to a percentage of monthly income so that a little aggressive investment will be able to produce more coins.

There are also other problems, of course it will be adjusted and it will not be as long as the accumulation becomes aggressive, the important thing is to keep buying every week because this is part of the original plan.

[Ricardo11]

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.

Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
 If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term

In fact, everyone can invest, but the most important thing is to maintain the investment for a long time. As easy as it is to invest in Bitcoin, it is difficult to maintain it in the long term, especially if an investor is financially unstable, does not have a fixed source of income, or does not have any funds ready.
Bitcoin is a long-term asset, if a investor want to achieve the possibility of profit by investing in this asset, so he must definitely hold it for the long term, because it is very difficult to make money from Bitcoin investment by holding it for the short term. However, the possibility of profit is much higher if you hold it for the long term, but we will never be guaranteed to make a profit in any way. That is why to invest, you should invest with extra money to meet the basic needs of the family and other expenses, which you will not have to face any problems even if you lose it.

[sotelorene]

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.

I prefer you say investing with a discretionary amount because saying that you invest with an amount you can afford to lose seems to me that you are undecided about the productivity of the asset you are investing on thereby you can reluctantly invest lower amounts in your DCA even if you have enough discretionary amount to boost your investment. Investing with an amount you can afford to lose do not necessarily mean that you should have that mentality that it can be lost especially if you have a long term mindset. It is mostly those with short term plan that worries more about the amount they invested with, even though it is an amount they can afford to lose without having a deep feeling of emotions if actually such scenario turns up in the future. Bitcoin has gone above those days when most people were investing in it with fear of it crashing along the line. However, it is not a prerequisite that you will make profits at every point in your investment in bitcoin but there is need to have that positive mindset while investing at the level of your discretionary income.

If I may ask, where do you think the money an investor can not afford to lose is or will come from? off course any money an investor will say he or she wants to use for investment and they can afford to lose it, is from there discretionary or reserve funds unless the investor doesn't understand... So he or she is not wrong by saying investing what we can afford to loss and you could not tell for sure what mentality he or she has about the statement and as a matter of fact he or she didn't emphasize on it to the point one will think  he or she will be investing in Bitcoin reluctantly. Even though I will love to say that some people have a better knowledge and understanding of Bitcoin investment I will also want to tell you that there are people who is investing in Bitcoin with fear even till tomorrow, have you ask yourself why is some rich folk investing below what they are suppose to...

[Jewan420]

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

[SuperBitMan]

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

[Mayor of ogba]

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.

I prefer you say investing with a discretionary amount because saying that you invest with an amount you can afford to lose seems to me that you are undecided about the productivity of the asset you are investing on thereby you can reluctantly invest lower amounts in your DCA even if you have enough discretionary amount to boost your investment. Investing with an amount you can afford to lose do not necessarily mean that you should have that mentality that it can be lost especially if you have a long term mindset. It is mostly those with short term plan that worries more about the amount they invested with, even though it is an amount they can afford to lose without having a deep feeling of emotions if actually such scenario turns up in the future. Bitcoin has gone above those days when most people were investing in it with fear of it crashing along the line. However, it is not a prerequisite that you will make profits at every point in your investment in bitcoin but there is need to have that positive mindset while investing at the level of your discretionary income.

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

The statement is okay, and there's nothing wrong with it. Bitcoin investment is a long-term investment before an investor can fully get the profit that can possibly give him or her financial freedom, so it is always right to tell people who are willing to invest in bitcoin to use the money they can possibly afford to lose when they are investing in bitcoin so that they will use it as a guide not to invest with the money that is meant to solve their daily expenses but invest with the money they can possibly afford to lose, which will allow them to hold their bitcoin for a long time since they used the money that is not meant to solve their daily expenses to invest in bitcoin, or in case something bad happens along the line, they will not find it difficult to solve their daily expenses. We all know nothing will happen to bitcoin, but it is always advisable to invest with the money you can possibly afford to lose to always be in control of your bitcoin investment.

[Callido]

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

If we use same term for Altcoins and gambling, Bitcoin crossed the level to lose what we invest in our portfolio. There is never an IF to what return Bitcoin will profit, Buy and Hold within a maximum of years then certainly expect to make huge profits out of what was invested. The only Bitcoin associates that can make use of such term are the traders, since there is level of loss to happen during trading activities.

[Frankolala]

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

For you to say using the amount of money that you can afford to lose does not me an that it's gambling but it gives the person the mindset of understanding that he shouldn't use funds for his basic needs or for important purposes but an amount that if he can let go without any problem or it affceting him. This is because bitcoin investment is a long-term investment and any funds use to buy bitcoin should be forgotten about for a very long time. This will enable that new investor not to invest blindly without using his discretionary income.

That word also send a message to you that bitcoin investment is not guaranteed for profit but it can also go against you. So that you don't get disappointed or frustrated in the long run if bitcoin price didn't go as you expected. It has many meaning and that's why that word is used often to show risks is involved. I don't see any difference with your discretionary income and the amount of money that you can afford to lose, because such funds should be from your discretionary income.

[JayJuanGee]

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.

I prefer you say investing with a discretionary amount because saying that you invest with an amount you can afford to lose seems to me that you are undecided about the productivity of the asset you are investing on thereby you can reluctantly invest lower amounts in your DCA even if you have enough discretionary amount to boost your investment.

The fact of the matter is that both things should be taking place.  

1) no one should be investing with money that is outside of their discretionary income. Traders probably should not be trading beyond their discretionary income either, yet trading has a tendency to devolve into degenerate gambling anyhow, except for people who are able to create some strict limitations in regards to how they categorize their pools of money.  Of course, investing and trading are not the same thing, yet sometimes some of the ideas can still overlap, and surely the more disciplined and strict traders might even reasonably be able to classify themselves as investor due to a kind of reasoned way of carrying out their trading activities... a rare group, perhaps less than 5% of traders would fit in such category, even if many might aspire to such disciplined practices.  

2) The idea of investing no more than you can afford to lose is a very common expression that can be used in either trading (especially the more strict forms as a referred to in answer 1) or investing, and part of the idea of investing no more than you can afford to lose is that you cannot really expect that any investment that you make gives you strong guarantees to gain more than it loses, and if the asset is really volatile and even a new category of asset, there is even more uncertainty regarding it playing out positively as compared with negatively or even preserving the amount of value that is put into it.  Surely, guys should be approaching their investment without expecting that they are guaranteed even if they might have decently reasonable theories in regards to the investment having greater chances of being profitable than to lose value... yet at the same time, if any of us keeps in mind that we could lose up to 100% of the amount that we invest into bitcoin, then we can also appreciate that bitcoin remains amongst the best of asymmetric bets to the upside (if not the best), since there are various upside scenarios in which bitcoin could provide considerably great returns, even though none of the upside scenarios are guaranteed, it still becomes considerably rationale and probably advisable to place a decent amount of value into bitcoin even while realizing that both upside and downside scenarios are true at the same time, and we don't know for sure which way the whole thing is going to play out, except to have pretty decent information (and understanding) about the asset in order to have confidence that bitcoin remains a very solid investment, and perhaps one of the best investments available to so many people across the world, yet still not guaranteed to be more profitable than not.

Investing with an amount you can afford to lose do not necessarily mean that you should have that mentality that it can be lost especially if you have a long term mindset.

Even having a long term mindset does not cause the asset (referring to bitcoin) to become guaranteed to go up more than it goes down - even though the longer the timeframe, then more likely that various short term battles are worked out and probably the more likely that bitcoin is not going to end up dying in one or more the short term battles...   Again not guaranteed merely because it is longer term, even though we also have various theories, such as the Lindy effect that suggest the longer that some kind of technical thing (such as bitcoin) exists at its current level of existence, the more likely that it is going to continue to exist and to grow.. including various related ideas of Metcalfe law in which various network effects exist in bitcoin and continue to get built upon, and at the same time, the various long term dynamics exist to show strength in bitcoin and strength in bitcoin's investment thesis, yet still does not guarantee that bitcoin won't get killed or severely injured at some point in the midst of various short-term battles and/or attacks upon it that likely will continue to come from various angles of both external and internal... so within the confines of these various constraints, battles and even conceptualizing of the likely ongoing ups and downs of bitcoin, each of us still has to figure out our own position size so that we don't end up being a short term casualty during a process in which it might not always be clear about short-to-medium price direction or even if various juristdictions might become successful in their attacks upon bitcoin... whether banks, governments, status quo rich people, shitcoiners or otherwise.  

Sure many of the bitcoin naysayers seem like retards to anyone who is involved in bitcoin and who have been studying why bitcoin has value, yet it does not even mean that some of the bitcoin naysayers (or even the seeming friendly-fire folks from within) might not end up having some short-to-medium success in regards to keeping bitcoin down lower and longer than any of us can remain solvent, including that we have to continue to live our lives, and to feed and house ourselves and any family that we have. .and we ONLY have one life so we don't necessarily want to end up suffering financially/psychologically because we failed/refused to sufficiently balance our assets/currencies in order to be able to survive in the short-to-medium term.

It is mostly those with short term plan that worries more about the amount they invested with, even though it is an amount they can afford to lose without having a deep feeling of emotions if actually such scenario turns up in the future.

I am not going to disagree with you on this point, especially since anyone in their very earliest years of accumulating bitcoin and building their bitcoin stash, they probably need to try to remain somewhat blind in regards to short term bitcoin price movements and to stay focused on accumulating as many BTC as they can, without wrecking themselves financially and/or psychologically... so in that regard, it can take quite a long time to both build up an investment portfolio and also to start to feel that we have brought ourselves to a better long term financial position, and surely if we employ various strong financial practices, our psychology is likely to follow in terms of becoming stronger too.  We also can strive to set up systems that mitigate the likelihood that we will become emotional in managing our bitcoin or managing our building of our bitcoin stash, and surely folks who are able to front load their bitcoin investment are likely going to end up in a position to get through some of the tougher stages of building their investment into bitcoin as compared with others who are ONLY able to invest from their cashflows that might not even be very large amounts, yet the fact of the matter is that an overwhelming majority of folks do not have resources to be frontload investing into bitcoin, and they can ONLY be as aggressive as they are able to be within the confines of their cashflow that they likely can ONLY work to improve in incremental ways and even sometimes having to tweak or to make sure that they don't overdo one thing or another, while at the same time, young people may well be building relationships and families, so sometimes they have to balance their own visions and short-term versus medium term needs with significant others within their lives, and they might not always agree in regards to how to make such balances.. and sometimes they might have to compromise in order to maintain good relations with people who see the world in different ways from them, yet they are sharing resources with such persons who have differing views of priorities.  

Bitcoin has gone above those days when most people were investing in it with fear of it crashing along the line.

Even though I would agree with you that bitcoin's investment thesis is stronger in current times, there have always been differing views of it and even needs to sort through good versus bad information, and those kinds of battles do not seem to be disappearing - even if they seem to be taking differing forms... including that it might not even be good if various governments or financial institutions get too involved in bitcoin and then attacking bitcoin from within.
So it seems to me that each of us is always having to figure out how to protect ourselves within various kinds of volatility that likely will continue to exist both to the upside and to the downside.  We have to be careful to NOT get lulled into a false sense of security, and then pretty soon we are rug pulled or surveilled or even accused of engaging in illegal transactions/activities, and I doubt that bitcoin has won those various battles, even if there are various ways that the kinds of attacks may well be changing. .including lulling folks into holding all of their coins through KYC channels, which surely will play out way less empowering if large segments of the bitcoin holders don't even know how to keep some meaningful portion of their BTC stash (BTC price exposure) within their own custody and control...and perhaps even privately and out of the reach of those wanting to surveil and control.

However, it is not a prerequisite that you will make profits at every point in your investment in bitcoin but there is need to have that positive mindset while investing at the level of your discretionary income.

For sure, any of us who are keeping track of our discretionary income levels, we are going to be in a better position than those who do not pay attention to such cashflow managing practices.. and even those of us who try to practice strong cashflow management, we will sometimes screw up or even end up with some surprises in regards to some ways that we are going to make adjustments in order that we don't become overbalanced in one direction or another direction.  Personally, I believe that I have been trying to do this for many years (even 20-ish years before getting into bitcoin), and I continue to make mistakes and need to make adjustments, even though some of the abilities to manage cashflow balances become easier when the various investments have become larger, so it becomes easier to create cash cushions (and reserves), yet there still can be difficulties in determining and identifying various ways that some cash or assets might be being held in insecure ways or in ways that are not good ways to hold them, whether there might be desires to use them to buy bitcoin or if they might be used for shortages in cash balances or maybe even concerns about whether they might be not working or incurring unnecessary fees.

Part of my point is that practice likely helps any of us in managing our cashflows and even identifying areas in which we might be vulnerable or where we could improve, including that sometimes we realize that we might have been putting a certain amount of our stash  or even our life situation at too much risk or maybe we were not building enough in one area because we were paying too much attention in another area.

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.

Investing in Bitcoin is very easy, but it is very important to know the strategies on how to sustain the investment in the long term. A person can sustain Bitcoin in the long term only when he can manage his money properly.
Because if you have just started investing in Bitcoin and cannot find a place to earn extra money, you will not be able to sustain your Bitcoin investment immediately, that is why I say that if your place of income or job is confirmed and the money you get from there meets the basic needs of the family or basic needs, then invest in Bitcoin with the extra money that remains.
 If a person invests in this way, then he will definitely be able to sustain his Bitcoin investment for a long time, and patience is needed to sustain Bitcoin investment in the long term

I think that this is a fairly decent point about trying to control the things within our control, so in that regard, we likely can figure out ways to pretty close to guarantee our ability to sustain our investment, yet we cannot guarantee whether our investment will be profitable or the extent to which it will be profitable.. even if we might ongoingly be trying to employ the best of practices that we know about.

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I agree with everything you say Jewan420, except that you seem to be implying that bitcoin is guaranteed to be profitable.. which surely is neither true and probably not even a good way of thinking about your bitcoin investment - while at the same time, many of us do recognize that bitcoin remains an asymmetric bet to the upside, which surely can reasonably establish that it is a good place to put extra money, and perhaps even the best place to put extra money, even if that extra money is not guaranteed to be more profitable tomorrow (or even in 10 plus years) than it is today.

[edited out]

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

Your not liking the expression (don't invest more than you can afford to lose) likely shows your lack of understanding what that expression means..and no, if you were to understand what it is actually communicating, it does not mean or sound like investing in bitcoin is like gambling or investing into shitcoins, even if you understand the expression to seem like that is how you are thinking about your bitcoin investment.. but hey whatever, you can interpret expressions however you like, even though you seem to be lacking in your own appreciation of the underlying idea or how discretionary income does not communicate the same message as "money you can afford to lose"...even if the ideas relate to one another they are saying slightly different and perhaps even overly subtle things that you are not quite seeming to grasp the idea...

From my own perspective, "money that you can afford to lose" seems to be a sub-category of discretionary income and other members have also described it in a similar way in regards to money that we lock up for 4-10 years or longer and we don't even necessarily expect to get it back (even though we are not wanting to throw the money away, at the same time, we understand that we are locking the money away for a long time, and we may or may not ever get it back for a variety of reasons, even our own death that would mean that we never spend the money that we could have had spent today, we defer gratification for later and we are not guaranteed to achieve such later deferred gratification), so money that you can afford to you seems to be very well describing an even more narrow category of money as compared to the more broad descriptive category of discretionary income. .that is merely any extra money that a person may have after accounting for all expenses (whether calculated and/or estimated on a monthly basis, weekly basis, daily basis or otherwise).

We all know nothing will happen to bitcoin....

Wow!!!

I didn't know that "we all" knew that nothing gonna happen to bitcoin.  

"We all" know the future with 100% certainty?   That is news to me.. and, even very important news.

I am thinking that "we all" must be very very richie, richie if "we all" were able to know the future with such certainty, no?

I wished that I were to be part of your little "we all" club so that I could be within the category of richie, richie, just like you (and the rest of "we all") obviously must be.


hahahahahaha

[Youngrebel]

I think that the right statement he should have used is investing with an amount of money you can do away without for a very long period of time, because Bitcoin investment is not gambling whereby you gamble with an amount you can afford to lose, truly long are those days when investors are investing with fear that Bitcoin will not be worth it, but as of today, even haters of Bitcoin knows that it's steadily on the rise, it's just a matter of time, so it's best to use the statement of investing an amount you can do away with for a very long time, than to say invest with an amount you are willing to lose.

Money that you can afford to lose doesn't mean you're losing it. Bitcoin is in a position where it's virtually impossible to lose it. Money that you can afford to lose is money that you'll never need. But you can use that money after you reach your goal. If you use money that you'll need after a certain period of time, no matter how long that period is, it can force you to make unexpected sales. Suppose you use money that you won't need for 10 years and your investment goal is 10 years. What if you want to extend your investment after 10 years? If you use money that you don't need, you can extend the new term of your investment.

Another reason to invest money that you can afford to lose is that if you accidentally forget the seed part of your wallet, lose access, then your money will be lost, are you ready for that time? It is best to invest money that you can afford to lose, taking all aspects into consideration, so that even if the investment is lost someday, it does not have any negative impact on real life.

I really don't like that term, money you can afford to lose, I will prefer we use the term discretionary income, when we use the term money we can afford to lose when it comes to bitcoin investment it sounds like gambling, and using that term may create some mindset that Bitcoin is like gambling to a newbie who wants to go into Bitcoin investment.
For a long term Bitcoin investor his using his discretionary income and not money he can afford to lose.

Using the words money you can do away with for a period of time will be more suitable for Bitcoin investment instead of saying money you can loss because with the trend over the years it has been in a form of a higher projectile motion where it only goes higher and higher in price. Though there are fluctuations at times in the price that would make investors panic but it is certain that overtime the price will only go higher. Investors should therefore have a fixed mindset towards having good returns and make Long term investment because it will sure give good returns with time.

[I_Anime]

Your not liking the expression (don't invest more than you can afford to lose) likely shows your lack of understanding what that expression means..and no, if you were to understand what it is actually communicating, it does not mean or sound like investing in bitcoin is like gambling or investing into shitcoins, even if you understand the expression to seem like that is how you are thinking about your bitcoin investment.. but hey whatever, you can interpret expressions however you like, even though you seem to be lacking in your own appreciation of the underlying idea or how discretionary income does not communicate the same message as "money you can afford to lose"...even if the ideas relate to one another they are saying slightly different and perhaps even overly subtle things that you are not quite seeming to grasp the idea

Lol in my own understanding let me try and break it down for some users , so what's his trying to say is that money you can stay without for long without having anything to do with it , which is same thing like discretionary funds. For instance i earn $1000 monthly and mine expenses or budget for a months is $300-$500 , so it will remain like $500 and I will save some as emergency funds, let me say like $300 , so in the remaining $200 I will have some discretionary funds, funds I know that I won't need for a while .

Please anyone can correct me if any mistakes is spotted .

Wow!!!

I didn't know that "we all" knew that nothing gonna happen to bitcoin.  

"We all" know the future with 100% certainty?   That is news to me.. and, even very important news.

I am thinking that "we all" must be very very richie, richie if "we all" were able to know the future with such certainty, no?

I wished that I were to be part of your little "we all" club so that I could be within the category of richie, richie, just like you (and the rest of "we all") obviously must be.




hahahahahaha

  the thing is that we can't tell the future of bitcoin, but we can position for it by doing ourself a favour by accumulating more and hold .