Buy Buy Buy or Sell Sell Sell?

[Familian]

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 come off as lost referring to shitcoins and trying to suggest that there is any value to be "in" shitcoins. 

Maybe if you knew about bitcoin and how to focus on bitcoin first, then maybe you could at least start to become more informed abut what is bitcoin so then you might start to sound less dumb when you are spending a lot of time referencing shitcoins or talking in vague terms about crypto, as if there were such a thing that actually exists apart from specifying bitcoin and perhaps learning how to use the word bitcoin in a sentence, which might help you to be a wee bit less vague.  Perhaps? perhaps?  I have troubles figuring out if their is any way to salvage folks who talk in vague bullshit terms and throw around the term crypto as if it were to mean something, when they have not even properly mentioned how the term crypto might relate to bitcoin, if at all.

You can't blame them JJG, some of this folks don't actually know the demarcation between bitcoin and cryptocurrency and that can be pointed to common insufficient knowledge about the phenomena. And for a newbie who isn't careful to have self-studied to know their difference it could be confusing having to read those vague terms.

It's high time people get to put effort to be specific, if they want to talk bitcoin then it should be bitcoin all through their statement, and when they want to talk shitcoins they should also stay that way and not confuse the two, most importantly in this thread that is a dominant topic of discuss on bitcoin.

[SuperBitMan]

[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).

Bitcoin is an investment and nobody that is investing on Bitcoin is expecting to lose his or her money, some people are even using Bitcoin investment as there retirement investment plan so you can't classify money used for Bitcoin investment as money I can afford to lose, people use huge amount of money to accumulate Bitcoin using lump sum strategy and even if you are using DCA strategy and maybe you are using $50 to accumulate weekly if you sum it up for 10 to 20 years is a huge amount of money also, so are you saying this money are money you can avoid to lose I doubt.
Yes I understand the point you are trying to make However having a discretionary income and using it for Bitcoin investment those not mean you don't have other use for it, our Discretionary income can be used for other things or investment but we choose to invest it on Bitcoin not because we want to try luck but because we want to benefit from Bitcoin in years to come and that's why we buy and keep holding.
Money we can afford lose and Discretionary income is related but serve different purpose,
Money we can afford to lose: is Money you can risk, invest or spend without it damaging your financial stability or status.
And Discretionary income is the portion of your income
that is  left over after settling essential expenses such as taxes, housing, food, mortgage, water, electricity bill, etc.
And if not used wisely can after your financial stability and status.

Now losing discretionary income could potentially affect your savings or financial goals because it is this Discretionary income we use to build our backup funds such as emergency, float and reserved funds, but losing money designated as money we can affordable to lose will not affect your financial savings or financial goals.

Money we can afford to lose is gotten from discretionary income and when you want to use your Discretionary income the smallest amount which is lift that can't be used for any other thing be it investment or luxury life style etc are the money you can afford to lose.

[avp2306]

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 .

Everything is unpredictable especially with Bitcoin and we don't actually know what will happen to it in future. What we have is those past historical data's which gives us confident to hold and aim to get a profit in future. We won't know the result if we didn't take a risk, so its good to hodl and continue to follow our plans towards our Bitcoin investment.

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 come off as lost referring to shitcoins and trying to suggest that there is any value to be "in" shitcoins.  

Maybe if you knew about bitcoin and how to focus on bitcoin first, then maybe you could at least start to become more informed abut what is bitcoin so then you might start to sound less dumb when you are spending a lot of time referencing shitcoins or talking in vague terms about crypto, as if there were such a thing that actually exists apart from specifying bitcoin and perhaps learning how to use the word bitcoin in a sentence, which might help you to be a wee bit less vague.  Perhaps? perhaps?  I have troubles figuring out if their is any way to salvage folks who talk in vague bullshit terms and throw around the term crypto as if it were to mean something, when they have not even properly mentioned how the term crypto might relate to bitcoin, if at all.

I think they are confused to determine the exact thing especially when they keep calling Bitcoin as crypto. Provably that they are still looking at those shitcoin investment that's why they are calling Bitcoin like that. If they how how to separate things and can focus on Bitcoin especially for aiming long term investment with it for sure that they would never link Bitcoin to any shitcoins out there.

But I'm trying to understand him since maybe he's totally new in the scene so I guess he would learn a lot from here especially if they follow this thread and learn from the discussion made by other people in this thread.

[JayJuanGee]

[edited out]

You can't blame them JJG, some of this folks don't actually know the demarcation between bitcoin and cryptocurrency and that can be pointed to common insufficient knowledge about the phenomena.

I can still blame the various dummies, and maybe even berate them by calling them dumb and/or retarded for not knowing the difference.

And for a newbie who isn't careful to have self-studied to know their difference it could be confusing having to read those vague terms.

Sure. It can be confusing, and there is a lot of misinformation in the world, and each of us has a responsibility to aim towards figuring out the difference between good information and bad information, and if we say something stupid, then we probably deserve to get verbally beaten up for our having had expressed dumbness through our actions and/or through out words.

We don't need to agree in regards to how we might discuss such matters, and perhaps it could possibly be true that my way of trying to talk about bitcoin versus shitcoin might not resonate with some others as well as someone who might attempt to be more diplomatic in regards to how they discuss the topic.

It's high time people get to put effort to be specific, if they want to talk bitcoin then it should be bitcoin all through their statement,

Surely, I don't mind if people talk about bitcoin versus shitcoins, and maybe they might have questions or they might not even know the difference, and surely that happens in this forum and even comes up in various forum threads.

There likely are some forum threads that are more basic than other forum threads, yet surely it can take a bit of time for newer forum members to learn about bitcoin, to learn how to express themselves without being overly vague and without misleading other forum members (even if they might not have had intended to mislead anyone).  Sometimes members might need to read a bit more before they post, or maybe ask questions if they might not be sure about how to use terms like crypto versus bitcoin, and yeah, some forum members who end up getting verbally beat up are somewhat innocent in their inadvertent use of vague and/or misleading language.

and when they want to talk shitcoins they should also stay that way and not confuse the two, most importantly in this thread that is a dominant topic of discuss on bitcoin.

There are some forum threads that are more bitcoin focused than others, and some forum threads that are about trading and other threads that are about investing, and sometimes it might not be exactly clear about the thrust of the topic of the thread, and so just on the surface, this thread seems to have some ideas of trading, which could imply that this thread might even be accepting of ideas of shitcoins versus bitcoin, so many times, I will be more tolerant in regards to my getting worked up about the language of other forum members when the thread title (and/or the OP) is a bit ambiguous in regards to whether we might be talking about trading rather than investing, so from my own perspective once the discussion of trading is potentially part of the topic, then there is a bit more allowance to mention shitcoins, even though from my own perspective, it still can become irritating if any forum member is not clarifying if he is talking about bitcoin or shitcoins, and when he uses the term crypto and he is also seeming to want to talk about bitcoin, then it becomes even more frustrating because it becomes unclear what he is even talking about.  So then a valid question is whether he talking about bitcoin or not? and if he is talking about bitcoin, then why did he use the term crypto?  

Surely there could be some contexts in which a poster might be talking about both bitcoin and various cryptos in a kind of general sense, so it seems to me that it is preferable that we can get some sense for what is meant by the chosen language.. .. so yeah, the more irritating posts are the ones that say crypto various times and don't even mention the word bitcoin, so it becomes difficult to even know what is meant, so I doubt that we need to be letting those kinds of posters off of the hook when they use such vague and misleading and non-specific language...and yeah, sure, not everyone is going to agree about my perspective on the choice of language topic... .and surely part of my own concern also is that many disingenuine posters will derail threads through their use of gobble-dee-gook and nonspecific language... so from my own perspective, many times it will be better to either point out the vague language or to berate members who use such vague language, since frequently it can be difficult to figure out if they might not be using such vague language on purpose in order to derail the thread... or to mislead people about bitcoin or to attack bitcoin or to subtly pump some baloney shitcoin or some baloney shitcoin talking point.

[edited out]

Bitcoin is an investment and nobody that is investing on Bitcoin is expecting to lose his or her money, some people are even using Bitcoin investment as there retirement investment plan so you can't classify money used for Bitcoin investment as money I can afford to lose, people use huge amount of money to accumulate Bitcoin using lump sum strategy and even if you are using DCA strategy and maybe you are using $50 to accumulate weekly if you sum it up for 10 to 20 years is a huge amount of money also, so are you saying this money are money you can avoid to lose I doubt.

We can agree to disagree.  I already made my point.

Yes I understand the point you are trying to make However having a discretionary income and using it for Bitcoin investment those not mean you don't have other use for it, our Discretionary income can be used for other things or investment but we choose to invest it on Bitcoin not because we want to try luck but because we want to benefit from Bitcoin in years to come and that's why we buy and keep holding.

Your continuing to want to discuss or argue about the topic is either repetitive or comes off as showing that you still don't understand the point, even if you are proclaiming to understand the point.

Money we can afford lose and Discretionary income is related but serve different purpose,
Money we can afford to lose: is Money you can risk, invest or spend without it damaging your financial stability or status.
And Discretionary income is the portion of your income
that is  left over after settling essential expenses such as taxes, housing, food, mortgage, water, electricity bill, etc.
And if not used wisely can after your financial stability and status.

From my perspective, you are over thinking it... and you have a right to believe whatever you like, even what I perceive to be a ill-informed framework for contemplating the topic.

Now losing discretionary income could potentially affect your savings or financial goals because it is this Discretionary income we use to build our backup funds such as emergency, float and reserved funds, but losing money designated as money we can affordable to lose will not affect your financial savings or financial goals.

Money we can afford to lose is gotten from discretionary income and when you want to use your Discretionary income the smallest amount which is lift that can't be used for any other thing be it investment or luxury life style etc are the money you can afford to lose.

I doubt that your explanation is helping to make matters more clear, but whatever, we don't need to agree.  

From my own perspective, I see no reason to repeat how I already framed the matter.

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 .

Everything is unpredictable especially with Bitcoin and we don't actually know what will happen to it in future.

Personally, I doubt that it is accurate to say that "everything is unpredictable with bitcoin," especially since many of us invest into bitcoin because we think that we have ideas about where it may be going, so the mere fact that we don't know with certainty does not mean that we aren't able to figure out some kind of bitcoin investment thesis and then to figure out how we are going to allocate in regards to our bitcoin-related investment thesis.

Maybe an example will help?

These might be my various theories in regards to bitcoin's future price direction... and I did a couple other variations of this with my actual then predictions in another thread on December 16, 2021 for upside scenarios and timeline and I added a downside variation of my then prediction on May 16, 2022

Theory 1   10.56%

Theory 2  2.2543%

Theory 3  13.782%

Theory 4  43.21564 %

Theory 5  0.0326%

Theory 6  5.32 %

Theory 7  9.4532 %

Theory 8   12.219321%

Theory 9  3.162939 %

You notice that all of these theories add up to 100%, so presumptively they include all possibilities, and even though I perceive some of the theories to have greater odds than others, it does not even meant that my highest odd prediction is going to happen, and it does not even mean that I am wrong if a lower odd scenario ends up playing out.  The theories will likely even change over time as certain events happen to change the odds of some of the theories, or to add or subtract theories.  So even from my own actual prediction in my above link thread from December 16, 2021 and May 16,2022, we can see that my prediction could end up being greatly wrong, yet they were the ones that I had at the times that I was making the post, and perhaps even 1-2 days later, there could have had been subsequent facts that either contribute towards changing my then base case or adding or subtracting theories (other possible non-zero probability scenarios).   And, surely my own assessment may well (and likely is) quite different from another persons, and maybe there are some folks who share similar ideas about some of the scenarios but not about other possible scenarios.

What we have is those past historical data's which gives us confident to hold and aim to get a profit in future. We won't know the result if we didn't take a risk, so its good to hodl and continue to follow our plans towards our Bitcoin investment.

I am not going to try to dispute any of this, and surely it take a while to accumulate bitcoin, so surely we could spend a decent amount of time buying bitcoin and even holding bitcoin while bitcoin may well be going up and down in the short term, yet our ongoing investment into it would still likely be supported by our studying it and developing some confidence over it, and hopefully, we develop confidence and conviction that goes beyond merely looking at historical price charts.. yet sure, it might not always be easy to figure out which pieces of information about bitcoin are more important than others, whether we are looking at BTC price performance or perhaps some other bitcoin-related metrics (and/or value-assessment indicators).

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 come off as lost referring to shitcoins and trying to suggest that there is any value to be "in" shitcoins.  

Maybe if you knew about bitcoin and how to focus on bitcoin first, then maybe you could at least start to become more informed abut what is bitcoin so then you might start to sound less dumb when you are spending a lot of time referencing shitcoins or talking in vague terms about crypto, as if there were such a thing that actually exists apart from specifying bitcoin and perhaps learning how to use the word bitcoin in a sentence, which might help you to be a wee bit less vague.  Perhaps? perhaps?  I have troubles figuring out if their is any way to salvage folks who talk in vague bullshit terms and throw around the term crypto as if it were to mean something, when they have not even properly mentioned how the term crypto might relate to bitcoin, if at all.

I think they are confused to determine the exact thing especially when they keep calling Bitcoin as crypto. Provably that they are still looking at those shitcoin investment that's why they are calling Bitcoin like that. If they how how to separate things and can focus on Bitcoin especially for aiming long term investment with it for sure that they would never link Bitcoin to any shitcoins out there.

But I'm trying to understand him since maybe he's totally new in the scene so I guess he would learn a lot from here especially if they follow this thread and learn from the discussion made by other people in this thread.

For sure.  Sometimes it can take time for newbies to figure out better ways to talk about their assessments of bitcoin (and/or crypto), and to figure out which questions that they might need to ask or that they might need to further research into.

[Tungbulu]

Personally, I doubt that it is accurate to say that "everything is unpredictable with bitcoin," especially since many of us invest into bitcoin because we think that we have ideas about where it may be going, so the mere fact that we don't know with certainty does not mean that we aren't able to figure out some kind of bitcoin investment thesis and then to figure out how we are going to allocate in regards to our bitcoin-related investment thesis.

That’s indeed a very notable and agreeable point you made there. It’s true that Bitcoin can be super volatile but that doesn’t really mean that everything about it is totally and completely unpredictable or that we are not able to make some potentially guesses about its future price movement and everyone is just blindly investing in it without actually having a glimpse of where it may likely go.
A lot of investors we know (including yourself) do have a very clear investment thesis and strategy for investing in Bitcoin and even though these thesis are no 100% accurate, it still offers a vivid direction of how to navigate the Bitcoin market.

The fact that we can’t predict Bitcoin’s price movement with 100% certainty doesn’t really mean that we can just conclude that everything about Bitcoin is totally and completely unpredictable, yes the unpredictability and volatility of the Bitcoin market cannot be denied but it is only to an extent. We are still able to analyze trends, market sentiments, as well as several other factors that have the potential to influence the bitcoin market and we may be able to use these factors to make better investment decisions.

These uncertainties in the market are inevitable and the goal isn’t to totally eliminate them entirely but to be able to manage them, and we can be able to achieve this by developing a well thought out strategy, approach and investment thesis because by doing so, we are to navigate the market trends and movements.

[Mayor of ogba]

[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).

Bitcoin is an investment and nobody that is investing on Bitcoin is expecting to lose his or her money, some people are even using Bitcoin investment as there retirement investment plan so you can't classify money used for Bitcoin investment as money I can afford to lose, people use huge amount of money to accumulate Bitcoin using lump sum strategy and even if you are using DCA strategy and maybe you are using $50 to accumulate weekly if you sum it up for 10 to 20 years is a huge amount of money also, so are you saying this money are money you can avoid to lose I doubt.

SuperBitman, I don't know why you are finding it so hard to accept the concept that we should use the money we can afford to lose when investing in bitcoin, even when some members had put in an effort to make you understand the concept, but you choose to still bring up this matter. Do not be confused: anyone who is investing in bitcoin as a retirement plan is not investing all of his or her money into bitcoin; he or she is investing with his or her discretionary income, which is the money he or she can afford to lose after taking care of his or her daily expenses. Using a huge amount of money to buy bitcoin with the lump sum or using a huge amount of money to accumulate bitcoin gradually with the DCA strategy doesn't mean that investors are not using the money they can afford to lose to invest in bitcoin. We have different investors who have different kinds of sources of income and good discretionary income, which can even allow them to invest up to $1m in bitcoin at once or gradually, and they can still comfortably sort out their daily expenses anytime they arise. For instance, you and JayJuanGee will never invest the same amount of money into bitcoin because JayJuanGee has a good source of income and a good discretionary income than you, but still yet JayJuanGee will still invest in bitcoin with the money he can afford to lose. If you don't want to invest in bitcoin with the money you can't afford to lose, that means you are being carried away by bitcoin investment, and you are likely to get off the game quickly because you will possibly use the money that is meant for your basic needs and invest in bitcoin.

Yes I understand the point you are trying to make However having a discretionary income and using it for Bitcoin investment those not mean you don't have other use for it, our Discretionary income can be used for other things or investment but we choose to invest it on Bitcoin not because we want to try luck but because we want to benefit from Bitcoin in years to come and that's why we buy and keep holding.

Surely you can use your discretionary income for any type of investment you want to venture into, and nobody will stop you from doing that because it is your discretionary income. You can even choose to give out your discretionary income to members of your family since it would not stop you from sorting out your daily expenses. Since you are investing you discretionary income into bitcoin, don't see it as money you can't afford to lose because it is your leftover money, and you can even decide to go on vacation with it if it is good enough to handle a vacation trip.

Money we can afford lose and Discretionary income is related but serve different purpose,
Money we can afford to lose: is Money you can risk, invest or spend without it damaging your financial stability or status.
And Discretionary income is the portion of your income
that is  left over after settling essential expenses such as taxes, housing, food, mortgage, water, electricity bill, etc.
And if not used wisely can after your financial stability and status.

The money we can afford to lose and discretionary income are the same thing. Discretionary income is the leftover money after we have paid for our weekly or monthly expenses. We can even decide to place a bet (gamble) with our discretionary income since it is not allocated to solve any of our weekly or monthly expenses.

Now losing discretionary income could potentially affect your savings or financial goals because it is this Discretionary income we use to build our backup funds such as emergency, float and reserved funds, but losing money designated as money we can affordable to lose will not affect your financial savings or financial goals.

You are just confusing yourself. JayJuanGee didn't tell you that since you are investing in bitcoin with the money you can afford to lose or with your discretionary income, you shouldn't build up your emergency funds, reserve funds, and float with it. From time to time you can remove a percentage from your discretionary income and use it to build up your emergency funds, reserve funds, and floats gradually.

[sotelorene]

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.

Yes Bitcoin has been going higher and higher but using projectile motion to describe it is not correct because in projectile motion once the force that is making an object to move is been exhausted the object will definitely fall or drop to the original point before it was displaced and that is unlike Bitcoin, Bitcoin doesn't go up and drop or fall finally to it initial state and again in projectile motion there is little or no fluctuation of the object but in Bitcoin there's a whole lots of fluctuation. What is the difference between money you can do away with for a period of time and money you can afford to loss? In fact, you saying a money you can do away with for a period of time means you will still need the money after that period of time which to me doesn't make sense but when you invest with what you can afford to loss you won't care about it again whether there is loss or gain though the idea is to make profit in years coming.

[Fara Chan]

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.

Bitcoin is already much more valuable than any money at this time because it is due to the very limited supply of Bitcoin so investors do not need to hesitate and be afraid to use their money to buy more Bitcoin even though they themselves also have to set aside a little money for their living expenses every month. Because when investors who continue to routinely invest without thinking about changing or taking it in the near future, of course the profits that they can get will be much more than the target they think. Now everyone and also all investors must buy more often for their investment purposes rather than thinking about price fluctuations or selling in the near future after making a purchase.

[Ricardo11]

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.

Bitcoin is already much more valuable than any money at this time because it is due to the very limited supply of Bitcoin so investors do not need to hesitate and be afraid to use their money to buy more Bitcoin even though they themselves also have to set aside a little money for their living expenses every month. Because when investors who continue to routinely invest without thinking about changing or taking it in the near future, of course the profits that they can get will be much more than the target they think. Now everyone and also all investors must buy more often for their investment purposes rather than thinking about price fluctuations or selling in the near future after making a purchase.

The supply of Bitcoin is limited, and the demand and popularity of Bitcoin is constantly increasing, seeing the $100K+ price of Bitcoin, many more new investors are attracted to Bitcoin investment. the Bitcoin future is very bright, and therefore if an investor wants to invest in Bitcoin, he should not delay, even he should start investing now, Without thinking about the price.
Because, at the current level Bitcoin is at the moment, the current price is not very high according to the future possibilities. So this is may a good opportunity to start investing and those who wait for a better DIP opportunity, he may miss this current opportunity.
So instead of worrying about the price, a investor should focus on investing regularly in DCA. And the most important thing is to hold it for the long term without being afraid of volatility. Those who do not worry about small price fluctuations, and continue holding it with a long-term perspective, he will be able to enjoy its successful results in the future.

[JayJuanGee]

Personally, I doubt that it is accurate to say that "everything is unpredictable with bitcoin," especially since many of us invest into bitcoin because we think that we have ideas about where it may be going, so the mere fact that we don't know with certainty does not mean that we aren't able to figure out some kind of bitcoin investment thesis and then to figure out how we are going to allocate in regards to our bitcoin-related investment thesis.

That’s indeed a very notable and agreeable point you made there. It’s true that Bitcoin can be super volatile but that doesn’t really mean that everything about it is totally and completely unpredictable or that we are not able to make some potentially guesses about its future price movement and everyone is just blindly investing in it without actually having a glimpse of where it may likely go.
A lot of investors we know (including yourself) do have a very clear investment thesis and strategy for investing in Bitcoin and even though these thesis are no 100% accurate, it still offers a vivid direction of how to navigate the Bitcoin market.

The fact that we can’t predict Bitcoin’s price movement with 100% certainty doesn’t really mean that we can just conclude that everything about Bitcoin is totally and completely unpredictable, yes the unpredictability and volatility of the Bitcoin market cannot be denied but it is only to an extent. We are still able to analyze trends, market sentiments, as well as several other factors that have the potential to influence the bitcoin market and we may be able to use these factors to make better investment decisions.

These uncertainties in the market are inevitable and the goal isn’t to totally eliminate them entirely but to be able to manage them, and we can be able to achieve this by developing a well thought out strategy, approach and investment thesis because by doing so, we are to navigate the market trends and movements.

Of course, we can also adjust our size and hedge in a variety of ways.  Some guys find it impossible to imagine a way to prepare for a variety of directions at the same time, and a lot of the ways of preparation relates to position size (and probably not trying to be too greedy), and probably there is some mentality too in regards to attempting to anticipate various scenarios, but not to get all worked up merely because some low likely scenario ends up playing out, including hopefully none of us end up getting totally wrecked merely because we expected 99% odds in 2022 that BTC prices would not go below the 200-WMA, and maybe we miscalculated the odds, yet when the BTC price went below the 200-WMA in June-ish of 2022, it ended up spending around 16 months below the 200-WMA until October 2023, so did we end up wrecking ourselves because we miscalculated. 

Surely some people did miscalculate and the even did really dumb stuff, like selling at the bottom, yet there still can be ways to survive even if we end up not being correct in what we expected and we also had a lot of other scenarios that we speculated to be way more likely to occur, but those more likely scenarios did not end up playing out, but we were not recked because the ultimate scenario went opposite to what we thought was going to happen... we could still have money available to buy.. or maybe we ran out of money so our back up approach was to just sit through the whole timeline and wait it out.. o

Or perhaps, we ended up being dumb and we sold at the bottom, and later we found out that selling at or near the bottom would have been a bad strategy, but there were surely a decent number of bitcoin holders who ended up either recking themselves or considerably affecting their own BTC holdings in a very negative way since their plan ended up getting played out in a way that we later realized (and may have realized at the time) to have had been dumb (maybe even retarded?. hahahahaha) to have had sold BTC during that period.. even if we were not in a position to buy (and buying would have had been better, yet I will admit that even I mostly ran out of money during that period, and so I was able to buy ONLY small amounts during that period, since I had largely bought back between around $60k all the way down to $25k and the lower it got the less money I had left for buying more BTC.. and that is sometimes how extreme situations may well end up playing out and we don't know if the BTC prices might have ended up going to $10k as folks were predicting, but they ended up not going any lower than $15,479 at the lowest BTC price points during that potentially tragic period... more tragic for some than for others...and surely it helps when we are able to survive those periods without overly screwing things up, and I am not going to proclaim it is easy or that it is not emotional to go through those kinds of extreme negative price performance periods.

[edited out]

Surely you can use your discretionary income for any type of investment you want to venture into, and nobody will stop you from doing that because it is your discretionary income. You can even choose to give out your discretionary income to members of your family since it would not stop you from sorting out your daily expenses. Since you are investing you discretionary income into bitcoin, don't see it as money you can't afford to lose because it is your leftover money, and you can even decide to go on vacation with it if it is good enough to handle a vacation trip.

Hahahahaha.. maybe examples could be fun, too?

Maybe one week we realize that we have an extra $300 in our weekly pay, and we are trying to decide what we are going to do with our extra $300... maybe we will buy BTC?  Maybe not.. let me think about it?

Then maybe I am walking on the beach, and I see a party, and I see a Ice cream cone vender, and I see that the Ice cream vender sells his ice cream cones for $6 each.  I asked him if he would give me a discount if I ordered 60 ice cream cones. He told me that he would charge me $5 for each cone if they fit certain criteria.. .. so then I agreed and I order 60 icecream cones to give to attendants at the party that was going on nearby.  I used that money to buy the cones and not to buy the BTC.

Another option could be that I was in the mood for hookers and blow.. so I knew about a place that I could pay $100 for a hooker, and I could buy blow for $100, and I also figured out that I could rent a Lambo for 1 hour for $100.  So I decided to spend my $300 on all three instead of buying bitcoin with it.

Surely both of those categories of spending the $300 in the above examples relates to what I could afford to lose, but instead of buying bitcoin with the money, I decided to consume all of that $300 with icecream cones in the first example and with hooker, lambo and blow in the second example.   

I could afford to consume or I could afford to put it into bitcoin for 4-10 years or longer.. either way, I categorized the $300 for that particular week as an amount of money that I could afford to lose.

[SuperBitMan]

[edited out]

Surely you can use your discretionary income for any type of investment you want to venture into, and nobody will stop you from doing that because it is your discretionary income. You can even choose to give out your discretionary income to members of your family since it would not stop you from sorting out your daily expenses. Since you are investing you discretionary income into bitcoin, don't see it as money you can't afford to lose because it is your leftover money, and you can even decide to go on vacation with it if it is good enough to handle a vacation trip.

Hahahahaha.. maybe examples could be fun, too?

Maybe one week we realize that we have an extra $300 in our weekly pay, and we are trying to decide what we are going to do with our extra $300... maybe we will buy BTC?  Maybe not.. let me think about it?

Then maybe I am walking on the beach, and I see a party, and I see a Ice cream cone vender, and I see that the Ice cream vender sells his ice cream cones for $6 each.  I asked him if he would give me a discount if I ordered 60 ice cream cones. He told me that he would charge me $5 for each cone if they fit certain criteria.. .. so then I agreed and I order 60 icecream cones to give to attendants at the party that was going on nearby.  I used that money to buy the cones and not to buy the BTC.

Another option could be that I was in the mood for hookers and blow.. so I knew about a place that I could pay $100 for a hooker, and I could buy blow for $100, and I also figured out that I could rent a Lambo for 1 hour for $100.  So I decided to spend my $300 on all three instead of buying bitcoin with it.

Surely both of those categories of spending the $300 in the above examples relates to what I could afford to lose, but instead of buying bitcoin with the money, I decided to consume all of that $300 with icecream cones in the first example and with hooker, lambo and blow in the second example.   

I could afford to consume or I could afford to put it into bitcoin for 4-10 years or longer.. either way, I categorized the $300 for that particular week as an amount of money that I could afford to lose.

Sir JJG I love this example it made everything more clear to me and I now understand that truly discretionary income and money you can afford to lose is really the same, I was thinking that "money you can afford to lose" is the smallest or the lift over money in discretionary income, for example I have a $100 discretionary income for the week or month and I use $80 or $90 for fun and other things I wanted to do and if $10 to $20 is lift over before receiving another salary that's my " money I can afford to lose" but from your explanation it simply means that the remaining $10 to $20 is still part of my discretionary income which is same thing with " money I can afford to lose" I get it clear now.

[Jewan420]

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.

I think you are misunderstanding or misinterpreting the phrase "investing money you can afford to lose". Let's forget about Bitcoin investment for a moment and consider real estate investment. Can you guarantee that real estate (business) investment will be profitable or you will not lose? If there is a possibility of losing here, can you call it gambling? Investing means there is a possibility of losing, so saying that you consider it gambling is wrong. I think you are not very familiar with the definition of gambling. Gambling is a short-term game of chance, where you have to rely on luck to win and the possibility of losing is high.

Investing money you can afford to lose in the context of Bitcoin investment means that you do not need that money or that if you lose that money, it will not have any negative impact such as disrupting your daily needs or changing your quality of life. We would never want to lose that money, but we must be mentally capable of losing. Since Bitcoin is reliable and trustworthy, you should never blindly trust it. You need to be prepared for small potential outcomes and have the ability to take action.

There is a big difference between discretionary spending and money you can afford to lose, which you may be confused about. Discretionary spending does not mean unnecessary or excess money. Any money left over after meeting your daily needs that you will never need or are prepared to lose is considered investmentable or excess money. Your source of income is not the main issue here.

[laijsica]

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.

Bitcoin is already much more valuable than any money at this time because it is due to the very limited supply of Bitcoin so investors do not need to hesitate and be afraid to use their money to buy more Bitcoin even though they themselves also have to set aside a little money for their living expenses every month. Because when investors who continue to routinely invest without thinking about changing or taking it in the near future, of course the profits that they can get will be much more than the target they think. Now everyone and also all investors must buy more often for their investment purposes rather than thinking about price fluctuations or selling in the near future after making a purchase.

Due to the limited supply of Bitcoin its value is increasing gradually. That is why Bitcoin continues its amazing skyrocketing journey which investors are making their deposits with their financial independence. You are right that there is no need to be afraid to deposit Bitcoin because it is reliable compared to other investments. However considering the investment risks you should adjust your deposit tendency with each reality. DCA method to deposit Bitcoin on a weekly or monthly basis and regularly from disposable income. However, you can start with a small part of your income to prepare enough to run the deposit and those who are able to understand their sure thoughts.

It is recommended that you have emergency preparations for the near future and keep discretionary money floating. You should only expect to profit from it if you can hold a decent number of Bitcoins. The decision to sell Bitcoin in the middle of the cycle can be an immature decision. Bitcoin has the potential to survive many cycles that lead for financial freedom.

For Bitcoin we are still not able to understand what the bottom price. As last november the price was around $67k at the lowest we guessed that it would be a good decision to buy at more dips and wait. Conversely, another ATH of Bitcoin price growth occurred last month. You should keep DCA strategy at regular intervals further increase or decrease in Bitcoin price. I think Bitcoin is still in the dips stage.

[Gallar]

[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.

Being able to consistently run DCA for a duration of 1 year is indeed quite an extraordinary achievement. Because some people definitely have difficulty consistently doing DCA on bitcoin. But don't forget, you must have a goal or time duration for the bitcoin investment you are currently making. Whether it's for your retirement, or for your children, or for other things. Because with such careful planning, it will usually make us more motivated to make more money, so that we can invest more of our discretionary income into Bitcoin.

Apart from that, talking about your assumption which says that one day (in the future) people will fully invest in Bitcoin rather than Altcoins. This is quite reasonable. But in my personal opinion, even though bitcoin is the number one crypto asset and the safest to invest in, especially in the crypto realm. But I think it will be a bit difficult to get everyone involved in the crypto world to abandon Altcoins completely. Perhaps the most realistic thing is that people who are involved in the crypto world, it is very likely that the majority will invest in bitcoin. But they are also likely to continue trading in Altcoins. I think it's very likely something like that will happen in the future. Because it cannot be denied, many people who are involved in the crypto world will definitely still be tempted by Altcoins in the future. Because they hope they can get thousands of percent profit from the altcoins they buy. But this is very risky, so I personally would be better off investing my money in Bitcoin, rather than in Altcoins.

[obuoma]

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.

Being able to consistently run DCA for a duration of 1 year is indeed quite an extraordinary achievement. Because some people definitely have difficulty consistently doing DCA on bitcoin. But don't forget, you must have a goal or time duration for the bitcoin investment you are currently making. Whether it's for your retirement, or for your children, or for other things. Because with such careful planning, it will usually make us more motivated to make more money, so that we can invest more of our discretionary income into Bitcoin.

Apart from that, talking about your assumption which says that one day (in the future) people will fully invest in Bitcoin rather than Altcoins. This is quite reasonable. But in my personal opinion, even though bitcoin is the number one crypto asset and the safest to invest in, especially in the crypto realm. But I think it will be a bit difficult to get everyone involved in the crypto world to abandon Altcoins completely. Perhaps the most realistic thing is that people who are involved in the crypto world, it is very likely that the majority will invest in bitcoin. But they are also likely to continue trading in Altcoins. I think it's very likely something like that will happen in the future. Because it cannot be denied, many people who are involved in the crypto world will definitely still be tempted by Altcoins in the future. Because they hope they can get thousands of percent profit from the altcoins they buy. But this is very risky, so I personally would be better off investing my money in Bitcoin, rather than in Altcoins.

First of all I have learnt from this thread that it is not good to use the word "crypto" in describing Bitcoin and the other coins and the reason they gave was that Bitcoin is unique and as the pioneer creation, its name should be retained to avoid contradictions. Remember that many people are perpetrating scams and creating many bad assets,  so calling everything crypto including Bitcoin may suggest to people that Bitcoin is just like some of those other things that make people lose money.

Furthermore, the temptation to invest in altcoins like you called them, will always be there for those who are not informed and who does not know that Bitcoin is all they need to succeed without taking too much risk with their money. But I'm sure a lot of people are getting wiser now, not 100% but great proportion of people are chosing Bitcoin and many will still do that as time goes on. It is getting to one year since I joined this forum and I have read from here and also seen in the news of some Bitcoin blogs and magazines how notable coins that people thought were reliable failed and made people lose money. The one I can remember very well is Luna (Terra) that crashed and sent some people to poverty, people who put all their life savings in it. I have also read about others too but for the sake of going straight to the point, I will not mention others but I believe you understand what I am saying which is simply to retain the word "Bitcoin" which is better and safer to invest in like you already confirmed.

My understanding of how important it is to invest only in Bitcoin is what has made me to start buying small whenever I have money I don't have urgent need of. I started around August last year after spending about 7 months in the forum and since that I have not sold any of my Bitcoin because I have plans of holding them for a long time. I will be sincere with you, I was actually tempted to sell at some point but thank God for this forum and the people here who I see are not in a hurry to sell. I usually admire people who have Bitcoin so I said to myself that I will also have this Bitcoin too and treasure them so well.

[JayJuanGee]

My understanding of how important it is to invest only in Bitcoin is what has made me to start buying small whenever I have money I don't have urgent need of. I started around August last year after spending about 7 months in the forum and since that I have not sold any of my Bitcoin because I have plans of holding them for a long time.

If you started investing in bitcoin in August then that is only 5 months or 5.5 months at most - not 7 months.

Yes, guys like to exaggerate, and it takes a long time to build an investment and/or to let it grow.

I will be sincere with you, I was actually tempted to sell at some point but thank God for this forum and the people here who I see are not in a hurry to sell. I usually admire people who have Bitcoin so I said to myself that I will also have this Bitcoin too and treasure them so well.

if you are already tempted to sell some or all of your bitcoin within the past 5-ish months then how are you going to be able to continue your investment into bitcoin for 4 years or more... perhaps you don't really know how to consider bitcoin as an investment rather than a trade, efven though you did use the word investment to suggest that you were actually investing into bitcoin.

yep..  there are so many guys who cannot resist trading or wanting to play BTC price waves, which does not seem to be a great (or strong) investment mentality.. even if they say what they are doing is investing, yet sure we cannot stop people from their own inclinations to trade, gamble and/or their inabilities to really set long term timelines and long term mentality in a solid place within their own perceptions and practices to actually employ something that would actually rise to a level of investing rather than trading, gambling and/or wanting to play any BTC price waves that might exist or that they perceive might exist in the short to medium term.

You are ultimately responsible for however you choose to approach your bitcoin. whether you are working towards accumulating it or if you might consider that you are in and out of it and you are rally aiming to accumulate some dollars.  Some people may well want both or they might be flexible for whatever works out best, yet lacking in focus seems more like gambling/trading rather than investing, even if some traders might actually perceive that they are investing as long as their dollars continue to go up, so some frameworks still could be correct, even though how the results play out can take a decent amount of time to really compare the differences, and it is not like we can go back in time and change what we did once we might have already done certain things.. ..

even though every day we can decide whether or not we are going to change or tweak anything that we are currently doing.. and to even project out how we expect to go forward and to consider the extent to which any of our actions might be related to changes in the BTC price or if we might be designing the execution of our plans forward based on other factors, such as how much discretionary income that we have and how much of that discretionary income we want to allocate towards bitcoin on a regular basis (such as weekly)  and how we might want to store our BTC  (or move if) from time to time in order to make sure that we are sufficiently and adequately safeguarding it.  Yeah, maybe our security and safeguarding of our bitcoin does not matter too much while we are within our first few months or even in our first year of accumulating bitcoin, yet if we keep stacking bitcoin and our bitcoin stash presumptively continues to get larger, we might have various threshold amounts that we consider to start to move our bitcoin to other locations in oder to hopefully secure it in better and/or more private ways.... and some guys will reach those kinds of thresholds early in their investment, and other guys might take a decent amount of time before they feel that they have enough bitcoin to move it off of exchanges and into private wallets, whether a hardware wallet or some other kinds of wallets.

[ManOfSteel2412]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

[Frankolala]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

Before investing in bitcoin, you need to figure out if you have a discretionary income first, because that's the money that you can use to invest in bitcoin that will make you hodli for long. Your discretionary income is the extra cash that is remaining after you have taken care of your important needs and monthly expenses. You don't need too much thinking or much knowledge on bitcoin. All you need is the basics and the  long-term mindset to invest and hodli without selling till you have accumulated more than enough Bitcoin.

New investors shouldn't think of short-term investments because you should invest for the future since bitcoin is still growing and the price increases overtime. Therefore, the longer you buy and hodli, the bigger the size of your portfolio will be, and profits to be generated due to the compounding effect. Also you need to consider building an emergency funds to serve as your backup funds if you don't have any before venturing into bitcoin investment.

Without an emergency funds, your bitcoin investment will not last for long because when an emergency arises, you will sell your bitcoin to take care of such emergency. This is why it's good that you start building it, immediately you have started your bitcoin investment by dividing your discretionary income into two parts, one for your weekly DCA and the other to build your emergency funds of at least three months of your salary. You should also have your bitcoin target which you plan on accumulating.

[Ojima-ojo]

if you are already tempted to sell some or all of your bitcoin within the past 5-ish months then how are you going to be able to continue your investment into bitcoin for 4 years or more... perhaps you don't really know how to consider bitcoin as an investment rather than a trade, efven though you did use the word investment to suggest that you were actually investing into bitcoin.

In the past few days, weeks and months bitcoin prices have reached some unpredictable prices making multiple time highs, A lot of bitcoin holders have let go of their bitcoin holdings, and in their minds, they consider that as taking profits but in the real sense you are right to have called them trader's because only traders will have such short term investment journey in mind for bitcoin and I must say that majority of them are future or derivatives trader's who gamble on the Bitcoin price for sort term buy.


But no long-term Bitcoin investor will ever let go of the bitcoin even if the price reaches $150k to $200k Bitcoin price.

[Ricardo11]

if you are already tempted to sell some or all of your bitcoin within the past 5-ish months then how are you going to be able to continue your investment into bitcoin for 4 years or more... perhaps you don't really know how to consider bitcoin as an investment rather than a trade, efven though you did use the word investment to suggest that you were actually investing into bitcoin.

In the past few days, weeks and months bitcoin prices have reached some unpredictable prices making multiple time highs, A lot of bitcoin holders have let go of their bitcoin holdings, and in their minds, they consider that as taking profits but in the real sense you are right to have called them trader's because only traders will have such short term investment journey in mind for bitcoin and I must say that majority of them are future or derivatives trader's who gamble on the Bitcoin price for sort term buy.


But no long-term Bitcoin investor will ever let go of the bitcoin even if the price reaches $150k to $200k Bitcoin price.

You are right, short-term investors are basically traders and they try to exploit the price fluctuations of Bitcoin for profit. They constantly worry too much about the price, and they make decisions like selling their holdings when they get scared. And that is why they can never achieve great success.
But those who know the real potential of Bitcoin, they never think of selling, they only focus on holding. There are even some holders who will not think of selling even if the price of Bitcoin exceeds $150k or $200k, they will want to hold on for a more longer period. And they are go on the verge of achieving even greater success in the long run.