Buy Buy Buy or Sell Sell Sell?

[Tungbulu]

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.. ..

Trust me, I totally get what you’re saying here. It’s just really pitiful how a lot of folks that claim to be Bitcoin investors can’t resist the temptation to trade, time the market or playing with BTC price waves, don’t know if I’d say they’re naive about how not solid this strategy really is or maybe they know but just wanna make some quick profits (which is not even guaranteed). It’s just as if they’re always on the chart waiting for the next big price move so they can enter the market without actually considering the big picture. And yeah, you’re absolutely correct that in the long run, it totally depends on the individual to make the final choice on they wish to approach their Bitcoin, whether they dedicate themselves to accumulating and HODLing for the long term or trading or maybe something in between the both concepts.

But whatever it turns out to be, jumping around several approaches just as you rightly said could turn out to be a roadmap to disaster. Some guys really find it really hard to draw the line between investing in Bitcoin and gambling/trading in those cases. I mean, if one who claims to be investing in Bitcoin is constantly buying and selling, in an attempt to make some quick profits, then it’s clearly not investing anymore but rather speculating or gambling and we already know, basing one’s decisions solely on speculation can be a pretty dangerous game to play with one’s finances, especially when dealing with an asset with such high volatility as Bitcoin.

Most times, it goes way beyond the approach itself, it’s more about the mindset that’s behind the whole decision and approach. If the person’s just mostly focused and prioritizes making some quick profits from the market, then they’re definitely not considering the long term potentials of the asset, neither are they thinking about the underlying fundamentals, the growing adoption and the technological advancements, they’re more concerned on entering the market when they observe a significant move in the market in order to make some quick profits, which as we know is a flawed way to approach the Bitcoin market.

[As-Soon-As]

 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

People who invest in Bitcoin are basically investing in Bitcoin for the long term. You should note that Bitcoin investments are only made by those people who live in the modern world today.

Those who deposit money in banks get low interest rates but the money is not deposited with them, it is owned by a third party. But Bitcoin is the only coin that is currently in circulation all over the world. If you invest in Bitcoin instead of keeping money in the bank, then you will get more benefits here and you will not have a third party as the owner of your money.
 You are depositing money in the bank month after month but you get 4 to 5% interest rate, but if you invest that amount of money in Bitcoin, then you will be ready to get double the amount of your money if your investment is long-term.
So you think, I see more complications in banks and there is risk in it, but in comparison, Bitcoin is not risky and the money will be available to you. I do not see any complications in investing in Bitcoin, only you have to have the ability to take risks.

[GIF-JOBS]

 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

People who invest in Bitcoin are basically investing in Bitcoin for the long term. You should note that Bitcoin investments are only made by those people who live in the modern world today.

Those who deposit money in banks get low interest rates but the money is not deposited with them, it is owned by a third party. But Bitcoin is the only coin that is currently in circulation all over the world. If you invest in Bitcoin instead of keeping money in the bank, then you will get more benefits here and you will not have a third party as the owner of your money.
 You are depositing money in the bank month after month but you get 4 to 5% interest rate, but if you invest that amount of money in Bitcoin, then you will be ready to get double the amount of your money if your investment is long-term.
So you think, I see more complications in banks and there is risk in it, but in comparison, Bitcoin is not risky and the money will be available to you. I do not see any complications in investing in Bitcoin, only you have to have the ability to take risks.

Keeping money in the bank and keeping money in Bitcoin are never the same, if you keep money in the bank you may get much less interest, but your money will never decrease, but Bitcoin is a volatile currency, and Bitcoin will never guarantee you a profit, many times its market price fluctuates unexpectedly. And for this reason, after a certain time, when you go to withdraw your deposited money, the value of Bitcoin may be dumped, as a result, you will have to withdraw less money than you invested, that is, you will have to face financial losses. But if you kept your money in the bank, then your money would never decrease. But if you kept your money in the bank, then your money would never decrease.

That is why it is better to keep important money in the bank, and since Bitcoin is unpredictable and Bitcoin never guarantees profit, that is why you must invest Bitcoin with money that you will not need for at least 8 to 10 years. Because you/we do not know for sure whether Bitcoin will actually be valuable in the future, we can only guess the possibility, and you should never risk important money based on guesses.

So if someone wants to invest in Bitcoin, then according to their ability to lose or the amount of money that you will not need in the long term, that amount should be invested in DCA regularly. Bitcoin investment is an exciting opportunity, but it is also very risky. Therefore, patience, knowledge, and a specific strategy are very necessary for Bitcoin investment, and it is best to make decisions based on your own financial position and risk tolerance.

[JayJuanGee]

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 seem to be highlighting a couple of differing dynamics, which surely some folks can be lured into trading rather than investing and rather than building their investment, so many times newbies end up selling way too many bitcoin too soon, and selling is not a reasonable, practical or prudent method to assure that anyone in their earliest of accumulation phases is staying focused on actually accumulating bitcoin and building their bitcoin holdings... And, so another dynamic is that there is a lure into recognizing or wanting to lock in fiat profits, and for sure those are trading mentality kinds of ways of looking at bitcoin.

Sure, it is quite likely that even the long term investor into bitcoin can still consider the value of his bitcoin holdings in dollars and to consider that in the longer term his bitcoin holdings are going to be way more valued in dollars and to give him way more options in the future once his bitcoin holdings are built up over time, yet at the same time it can be distracting to be motivated into trading based on dollar profits, especially for the first one or two cycles that a guys is still building up the size of his BTC holdings.. which tends to be a combination of ongoingly and constantly accumulating bitcoin through ongoing buying and also most likely 1-2 cycles or more the value of the bitcoin will likely keep going up and even compounding upon itself to further increase the value of the holdings and the ability to profit from long term engagement of accumulation of the bitcoin through buying.

Of course, the ongoing accumulation of the bitcoin through ongoing buying is the most controllable part of the formula, which is likely also the portion of the formula that most beginners should  be focusing.  The portion regarding if the BTC price is going to go up or go down is not controllable and even known with any level of certainty, even though it seems to be theoretically reasonable for guys to be presuming pretty good odds that BTC prices will continue to go up with the passage of time - even though it is not guaranteed that bitcoin prices will continue to go up over time, yet part of the reason that we ongoingly invest into bitcoin is because we are presuming that the odds are pretty good that the bitcoin price will continue to go up over time, even though it is not guaranteed to go up and even though there could be quite a few unknown and likely unknowable ups and downs in the BTC price along the way including periods of extreme highs and periods of extreme lows, yet it should continue to be our mission to continue to buy no matter what during our period of BTC accumulation, especially since we cannot really know the ups and downs and to stay focused on the part that we know about which is our ability to continue to keep buying bitcoin for 4-10 years or longer until we get to a point of our BC accumulation that the size or our stash and our various life circumstances may well start to justify that we might modify our approach away from ongoing, persistent, consistent and perhaps even aggressive buying of BTC.

Once we get our bitcoin  stash to a certain acceptable size and even perhaps to a size that is more than we want or that we need, then we may well then start to be able to change some of our practices that might involve price-based and/or time based sales of our BTC, and surely I would not suggest to start to employ any of the sustainable withdrawal like practices until after we can reasonably and unambiguously conclude that we have reached a status of overaccumulation of whatever BTC stash we have and/or other financial and psychological circumstances that might be applicable to our arriving at our determinations.  

Within traditional investment systems, many people will continue to invest 30-40 years or more and still never get to a status in which they are able to start to live off their investments or to engage in sustainable withdrawal, yet many times those who invest are going to be better off than those who do not invest.  Surely in bitcoin it could be possible to both cut your investment timeline down by half or more, yet also to bring more likelihood that your ongoing persistent consistent and perhaps aggressive investment will end up paying off.. perhaps your timeline could be half or less, such as 15-20 years or less, yet at the same time it is not guaranteed to be cut in half so we just have to measure from our own circumstances progress and sometimes luck to see how it is going and the extent to we might be getting to a point that we might be able transition out of our BTC accumulation stage and into a maintenance stage and perhaps later into a liquidation stage, which might not really be greatly different from getting into a maintenance for life stage or a sustainable withdrawal stage.

Getting distracted by round prices, may well end up relating to dumb money who end up selling too much of their bitcoin too soon because they presume an ability to buy back lower and bullshit and dumb trading ideas like that which may or may not work out, but end up engaging in gambling rather than employing prudent and practical investment practices, which should be focusing on ongoing, persistent and consistent buying and not fucking around with selling any BTC.

[edited out]

....Most times, it goes way beyond the approach itself, it’s more about the mindset that’s behind the whole decision and approach.

Surely whatever approach that we put into place can enforce and reinforce our mindset on a consistent, persistent, ongoing and perhaps even with aggressive basis. Sometimes we might even question our own balance, and it can become difficult to stay focused and to maintain some kind of balance, even if the BTC price might be spending a lot of time going down and either our portfolio is going into losses, or we see that it is not worth as much as it was in the past, so we can become distracted by that.

We can also become distracted by the value of our BTC going up, and it might even become more challenging to continue to stay focused on buying when the BTC price keeps going up so much.. .so either way we can fall into distractedness, and perhaps our own convictions in regards to what we are doing or that it is better to continue to do what we are doing becomes more and more uncertain during our earliest of stages of building our bitcoin holdings, and it would likely become more comfortable after getting through a whole cycle or two, yet still I would not even proclaim that there still are not going to be periods of questioning our own allocations and whether we might need to make some adjustments.. and whether those adjustments are a good idea or not would be up to each person to figure out, and even if such adjustments are made in time 1, it might not be clear until time 2 whether the adjustments paid off financially or not, and in many cases we would not be able to turn back the clock to time 1 to make up for mistakes that we might have had made in time one, so we have to continue to consider that we are making the better kinds of up and down balances in regards to our own lifestyle choices and how we might spend our time, energies value and money, including whether on bitcoin or other ways that we spend our time, energies in value...

If the person’s just mostly focused and prioritizes making some quick profits from the market, then they’re definitely not considering the long term potentials of the asset, neither are they thinking about the underlying fundamentals, the growing adoption and the technological advancements, they’re more concerned on entering the market when they observe a significant move in the market in order to make some quick profits, which as we know is a flawed way to approach the Bitcoin market.

Neither you or I seem to be very BIG fans of trying to trade bitcoin, and so whenever I suggest that a guy might believe that he is no longer accumulating bitcoin and he is able to start selling bitcoin as the price goes up or perhaps as time goes by, from my own perspective, he should be selling within the portion of his bitcoin stash that he considers to be surplus and without any anticipation to buy any of it back.  If he feels that he is selling with an intention to buy some or all of the bitcoin back, then he likely should not be selling any of that BTC. In many of my earlier posts (within this thread or otherwise), I have outlined various scenarios to describe the differentce between reaching a status of overaccumulation or not, and surely it is not always clear when such status has been reached, and my own perspective has been that you shoudl know when you have reached a state of overaccumulation once you do, and if you are not sure, then you have not yet reached such status...so you either need to keep buying bitcoin and/or just letting time pass so that after some period of time it might become more apparent that you have reached a status of overaccumulation.

Maybe it bears repeating that if right now, I guy assesses his BTC stash, his standard of living and various concerns like that, so he considers that he would need right around 21 BTC in order to start to employ sustainable withdrawal of his BTC.  Right now, as I type this post, 21 BTC would have a 200-WMA value of $905k and nearly $2million spot price, and from my perspective, valuation of the BTC and whether you have enough BTC should be based on the 200-WMA value and not based on the spot value.

From his own perspective and assessment, if the guy reached 21 BTC or more then he has reached his minimum amount that he needs, whether it is pulling the fuck you status lever or otherwise. Now, if the guy looks at his bitcoin holdings, and he sees that he has right around 35 BTC, then from his own perspective, he has reached right around 66% overaccumulation, and so he has way more liberties based on his over accumulation status including he has 14 extra BTC that gives him quite a bit more flexibility in regards to how to deal with that excess, and the mere fact that he has excessive BTC gives him more options (and cushion), yet it does not really suggest that he needs to get rid of the excess.. but he knows that his shaving some extra BTC along the way, here or there is not really going to be detrimental because he has 66% more BTC than he needs in accordance with his own assessed standards.  Now if he takes action and he starts to withdraw from his BTC stash at some amount of in the ballpark of $6,666 per month, then surely with the passage of time, his BTC stash is going to continue to go down, yet I would suggest that if he is withdrawing monthly from the 21 BTC portion at an annual withdrawal rate that is between 4% to 10% per year (which would be 0.33% to 0.833$% per month), then it is quite likely that the value of his BTC stash (including the 21 BTC portion that he is using for his time-based withdrawal rate) is going to continue to grow faster than he is withdrawing it. He likely also could aim towards drawing higher amounts or months in advance during periods that the BTC spot prices are way higher than the 200-WMA as compared to potentially withdrawing less when the BTC price is lower compared with the 200-WMA.. and so whether or not he employs such moderations of his withdrawal rate, he will likely continue to be able to assess that he has a sufficient amount of BTC with the 21, and that he also continues to have the extra 14 BTC to the extent that he might want to buy extra consumption type things or if he might want to invest in other ways.. and surely since many of us realize that bitcoin remains amongst the best if not the best of assets, there would not be any compelling financial need to invest into anything else, so the reasons to invest could be for other kinds of reasons, such as buying a larger house, or some other thing that might have both investment and consumption components to  it.

If such same guy who has assessed that he needs 21 BTC right now to get to fuck you status or to a status of feeling that he is able to transition into spending his coins rather than either buying them or in terms of waiting to be able to start to spend, but if that guy looks at his BTC stash and he ONLY has right around 7 BTC, so he has not quite yet reached a high enough status from his own analysis of how many BTC he currently needs, so this guy with only 7 BTC is right around 66% below his target amount, so either he continues to stack bitcoin or alternatively he could just HODL for 4-5 years and his 7 BTC may well have decently good chances of reaching the financial equivalent of 21 BTC today...   By the way, I arrive at a rough estimate of the ongoing rise of the 200-WMA based on history and projections that involve an ongoing diminishing rise of the 200-WMA in the ballpark of 20% to 50% per year until mid-2028, and sure projections are far from guaranteed, even though we can still attempt to prepare and to have ballpark ideas about how our investment into BTC might perform and consider how we might attempt to prepare ourselves based on some of our ballpark projections.

So whether or not the guy who currently has 7 BTC yet believes that he needs 21 BTC minimum currently, is able to continue to add to his BTC in any kind of substantial rate, he also can likely see the rate that the 200-WMA is likely to continue to go up in some semblance of the ballpark projections that any of us are able to make..  Sure it is not guaranteed to continue to go up at the expected rate, but it seems a reasonable approach to keep holding, potentially keep adding to the BTC stash and not to start employing withdrawal techniques too early.. except to see that employing withdrawal techniques too early has gambling chances that the currently held 7 BTC might end up getting overly depleted and causing needs to wait even longer before getting into a position to start to be able to employ some sustainable withdrawal techniques, if that might be the kind of bitcoin related goals that any of us might establish for ourselves..

[Barikui1]

 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

People who invest in Bitcoin are basically investing in Bitcoin for the long term. You should note that Bitcoin investments are only made by those people who live in the modern world today.

Those who deposit money in banks get low interest rates but the money is not deposited with them, it is owned by a third party. But Bitcoin is the only coin that is currently in circulation all over the world. If you invest in Bitcoin instead of keeping money in the bank, then you will get more benefits here and you will not have a third party as the owner of your money.
 You are depositing money in the bank month after month but you get 4 to 5% interest rate, but if you invest that amount of money in Bitcoin, then you will be ready to get double the amount of your money if your investment is long-term.
So you think, I see more complications in banks and there is risk in it, but in comparison, Bitcoin is not risky and the money will be available to you. I do not see any complications in investing in Bitcoin, only you have to have the ability to take risks.

Keeping money in the bank and keeping money in Bitcoin are never the same, if you keep money in the bank you may get much less interest, but your money will never decrease, but Bitcoin is a volatile currency, and Bitcoin will never guarantee you a profit, many times its market price fluctuates unexpectedly. And for this reason, after a certain time, when you go to withdraw your deposited money, the value of Bitcoin may be dumped, as a result, you will have to withdraw less money than you invested, that is, you will have to face financial losses. But if you kept your money in the bank, then your money would never decrease. But if you kept your money in the bank, then your money would never decrease.

It baffles me that you are actually saying that, we all know that saving money in the our traditional banks has one enemy that shrink it value on the longer run which is inflation.
One million dollars today, can never be the same in two to three years time from now, because inflation would have reduced it value and made it worth reduced regardless of any interest rate given.
But as for Bitcoin, it's an asset that appreciate in value overtime, so therefore it's one of the best asset to invest in because we are still in the early days of Bitcoin, and with the kind of huge potential it has, in ten years time from now it might has skyrocket to a figure that we never imagined, looking at the historical price of Bitcoin, it has proven to behave like a fine 🍷 wine that gets better with age, so tell me why it's not a good investment on the longer run?
Am still wondering where you get the notion that Bitcoin can't give you huge profit if you are actually a long term holder because the way Bitcoin is wired, you literally gain more when you hold for a very long period of time unlike money saved in the Bank that got eaten up by inflation.

[Solokan]

[edited out]

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

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

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

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

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

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

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

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.

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

[fikrett]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

[Frankolala]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

Bitcoin is superior and will never rotate dominance with shitcoins because it's a decentralized project and solves some problems, unlike altcoins that don't have potentials. Bitcoin has been confirmed and tested as an asset that has the value to increased overtime. It's just like you saying gold and silver rotates dominance... Bitcoin is being adopted and use as a reserve due to the trust and believe on the project as a store of value because it is an edge to inflation. Why didn't the government of some countries adopt altcoin as a reserve because they are for gamblers and not for investors. New investors should only in bitcoin because bitcoin is for the future and grow your investment weekly with your discretionary income through DCA for 4-10 years and above. Bitcoin price movement controls them shitcoins.

[Futurexxx]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

It is very wrong to even bring alt and shit coin into this discussion talkless of comparing it to Bitcoin.
Bitcoin has proven itself over and over again over the years because it has the capacity of always rallying back to a better height mostly when the value drop, but in the case of alt and shit coin, once it value drops their is a higher probability that it wouldn't recover again , and it falls more than it rise, so it is unreasonable to compare them with Bitcoin or even think that they are in competition with Bitcoin, which we all know that it's not true.
Then as for alt and shit coin being there in the market, yes they will surely be, because it's a normal thing that in today's market, fake products are mostly higher than quality product, so that's a normal thing, they will always be there regardless of what we or the government try to do about it.

[PremiumcryptoHub]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

If one has little knowledge about Bitcoin investment then he will be able to hold his investment, in fact we think that investing in bitcoins can be very difficult for us in the beginning. But anyone can invest if they have a little knowledge about investing. There are many like you who have been able to gain a lot of experience about Bitcoin investment i.e. DCA investment from this forum. Especially those who are most active in this By the Dip and Hold thread are already very experienced with their DCA investments.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Since you have mentioned above that you are able to understand a bit about Bitcoin investment, you should also understand that investing in alt coins instead of Bitcoin is the biggest mistake of all, that would be completely stupid. These coins have no definite future but Bitcoin future is bright. For example, the price of Bitcoin was very low in the past but currently the price of Bitcoin has become very high. Maybe this just proves how different Bitcoin and altcoins are. This is not the place to discuss alt coins, though.

[SuperBitMan]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

This is a Bitcoin thread so you are wrong for bringing up shitcoin discussion here, it seems you are one of those set of people that deceives newbies on investing on shitcoins which are never reliable.
Bitcoin is one of the biggest investment in the world right now, meaning that Bitcoin can't be compared to shitcoins, you are unwise for saying shitcoins will always be there to rotate dominance with BTC on the market, there has never been a time Bitcoin rotated dominance in the market with shitcoins, Bitcoin has always been on top with very high gap since the creation of it till date.
No coin can take the lead from Bitcoin is not possible, you really don't know what is going in the world right now because you are talking like an hermit person, right now some nations have started Bitcoin reserve that is accumulating and holding Bitcoin, Bitcoin will always continue to lead the market.

[Marvelockg]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

This is a Bitcoin thread so you are wrong for bringing up shitcoin discussion here, it seems you are one of those set of people that deceives newbies on investing on shitcoins which are never reliable.
Bitcoin is one of the biggest investment in the world right now, meaning that Bitcoin can't be compared to shitcoins, you are unwise for saying shitcoins will always be there to rotate dominance with BTC on the market, there has never been a time Bitcoin rotated dominance in the market with shitcoins, Bitcoin has always been on top with very high gap since the creation of it till date.

apart from the fact that this is a discussion that is focused on bitcoin, even if we are to follow his thought process, how reasonable is it to even define bitcoin based on altcoin or assume that bitcoins validation is in any way associated with any form of an altcoin that in the first place is existing because of bitcoin.

buying bitcoin still remains the best of choice one can makes as long as investing in a digital asset is concerned and even in the future, there is nothing feasible enough to look out for as a better alternative for bitcoin investment, i can't think of one and don't know how an altcoin can even come into the equation. buying bitcoin gives you a relaxed mind to be completely focused on it and never to get distracted like what is obtainable among shitcoin traders that are always running around from one shitcoin to the other and looking for which is going to give them short term profit. investing in bitcoin gives you ease, convenience and the luxury to stay invested for the long run while being bullish and highly certain of a good return in the nearest future.

[Nheer]

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 read your comments saying that it is not proper to say one invested with an amount they can afford to lose but I don’t see anything wrong with that because What i have always known and that’s how it has been taught is that we should always invest with an amount we can afford to lose. It’s all meaning the same but investing an amount you can afford to lose sounds easy for beginners to understand more and if investing lower amounts is what is convenient for an investor then he should proceed with it if he is adopting a DCA strategy gradually he would accumulate more bitcoin. Even with enough discretionary amount an investor should invest with the most convenient amount he is capable of.

Although long-term Bitcoin investments are generally considered lower-risk and less likely to result in financial loss, it's still wise to invest only what you can afford to lose. This cautious approach helps avoid dipping into funds allocated for other purposes, even if you don't expect to need them for a while.

[BitBakerr1]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

You don't know what you are saying, how can you compare Bitcoin to Altcoin, when it comes to being valuable, respected and known Bitcoin is number 1 and has been top of the market since it's existence, it is impossible for Altcoin to lead Bitcoin, have you seen the gap between Bitcoin and Altcoin if you do you won't be saying this, right now a lot of people are accumulating Bitcoin with huge amount of money because they know how valuable it is and will be in the future, and for the fact that this thread is for Bitcoin discussion you don't have to bring Altcoin discussion here in other to mislead my fellow newbies.

[Fara Chan]

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

Investing in Bitcoin is not complicated as long as we have a consistent enough intention to continue doing it for a certain duration of time, because people who think that investing in Bitcoin is still complicated and full of challenges are people who are still afraid to invest in Bitcoin so they are still hesitant to buy it under any conditions. So as long as you don't think that a job like investing is complicated, of course you will do it immediately without having to give any particular reason for it, although it is not to take it lightly or lightly, but all of these things always start with intention and also at the level of seriousness in doing it.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin.

[fikrett]

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin.

I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit.
It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally 

[Sim_card]

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin.

I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit.
It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  

This is a bitcoin thread and only bitcoin has a solid foundation so don't come here and start hyping shitcoins that is not a long term asset. Shitcoin is only for people who love gambling and want to get rich quick over night and at most cases, it's always the opposite. Don't mislead newbies for them to think that shitcoin has a season or is worth investing in, because I see it as a waste of time and resources to anyone buying them and automatically he is hindering his progress to be successful in life, unlike if he is investing in bitcoin.

Don't be confused, I understand that you are new and don't let anyone deceive you that shitcoins will always follow bitcoin bull run because it has changed currently. Ever since bitcoin hit six digits, it was an eye opener for a lot of people and many people including big tech firm, institutions and government are now investing an buying bitcoin aggressively so that they can have enough and use it as their future reserve because of the power law of bitcoin for it increase exponentially in value overtime.

I will advice you to start investing in bitcoin now with your discretionary income and use DCA to buy every week or month no matter how little it is. Sell your bag of shitcoins to avoid regrets later and invest the funds in bitcoin so that you can join the winners club because shitcoin is the losers club.

[DubemIfedigbo001]

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

I actually think the opposite in every moment and also in every market cycle because what often follows the flow or the track of price increases and also price decreases in the market are all altcoins, not Bitcoin that follows the track of altcoins because Bitcoin always has a strong foundation and marketcap volume when compared to all altcoins. So it's a bit strange when you say Bitcoin follows the track of altcoins which in terms of marketcap volume are still much lower than Bitcoin.

I didn't say that. What I described is an alt season - a time when alts outperform BTC in its price appreciation, so to speak. It usually happens after a period of Bitcoin dominance, which is, with time, going down a bit.
It doesn't mean that BTC follows alts, what I meant is - that after BTC rally, there is an alt rally  

I believe you're on the wrong thread, we're not concerned about your presumed competition between Bitcoin and altcoins. This thread is dedicated to accumulating Bitcoin only and we're discussing and learning about the best practices to achieving a decent portfolio of Bitcoin and holding for a long term. Judging from your forum registration date, you're less than a year into Bitcoin and if you're accumulating Bitcoin, I think it's too early to start gambling with altcoins so you don't shift your focus.

If you've noticed fairly well, BTC comes off the league of any alt coins you can think of and the price appreciation and history of performance beats all altcoins and shitcoins combined together.

Clouding your thoughts with the seasons and market dynamics would likely distract you since it's obvious you're new to Bitcoin accumulation and diving into altcoins for little profits would possibly see your accumulation journey have a little or much drawback, so I'll advise you keep accumulating Bitcoin with your available discretionary income instead of monitoring the price dynamics and/or trading Bitcoin or altcoins as the case may be

[Zackz5000]

Of course I have a goal to invest, but of course I target it for old age or to pass it on to my children. It was not easy for DCA for about 1 year, but because of the knowledge gained from this forum, I was finally able to understand a little about BTC and DCA investment, but now I feel very happy to be strong enough to now hold BTC.

We won't know in the future whether Altcoins will always be in demand or not, but of course if your choice is to choose BTC over Altcoins, of course that's a good step because of course BTC has the brightest future.

Altcoins will always be there to rotate the dominance of BTC on the market. Someone has to take the lead for a little while before Bitcoin will again follow the lead and outperform everybody. That's how I think about it.

How dare you compare shitcoins to bitcoin even to an extend of saying that shitcoins is leading bitcoin this is a very misleading statement your thought is also wrong regarding shitcoins and bitcoin as bitcoin still remain the leading coin most people that put their money into shitcoins probably out of ignorance is already regretting their actions unless probably you want to gamble with your money into shitcoins you can choose to use 10% of your income to do so you won't regret when your money vanish away more over this is a bitcoin discussion thread so you can take your shitcoins mater to somewhere else.

Invest in bitcoin for a longer time and enjoy with your discretionary income using the DCA method where you can be accumulating Bitcoin regularly weekly or monthly irrespective of the price of Bitcoin and HODL for long.

[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 read your comments saying that it is not proper to say one invested with an amount they can afford to lose but I don’t see anything wrong with that because What i have always known and that’s how it has been taught is that we should always invest with an amount we can afford to lose.

I know what he is trying to mean by that statement, but that's not the right statement to use when talking about Bitcoin, this statement of using money you can afford to lose is mostly meant for gamblers and traders not for Bitcoin investors, the right statement to use for Bitcoin investors is invest with an amount you can do away with for a very long time, because no reasonable person will invest heavily in something that the chances of it succeeding or failing is 50/50, investing with an amount you can do away with for a very long time is the ideal statement for Bitcoin investment, not the an amount you are willing to lose.