Buy Buy Buy or Sell Sell Sell?

[Odohu]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Every trader think about profits and it is the profits that motivated them to start trading in the first place. Even those who invest in Bitcoin also do it with the hope that the value will grow with time so they make profit from the venture so profit is usually the main novation for every business. However, how you go about the profits is what determine if you will actually see it or even lose your capital. Trading is seen by many people as a way of making quick profits this is why many rush into and often end up losing their money because trading is not actually something to do especially for a volatile asset like Bitcoin.

That is why trading is not always recommended because it has so much risk unlike investing in Bitcoin that is a safer when done with long term target. If two people are given $10,000 to start of their journey in Bitcoin, one in trading and the other in long term holding, there is 90% chance that the person that decided to invest the money in Bitcoin and hold will see his capital increase exponentially in a space of 5 to 10 years whereas the trader might end up losing that capital in trading. In a situation like this, it becomes obvious that investing is safer and easier to do than trading, the reason people are encouraged to focus on that rather than venturing into something that is based on probability with odds against the individual.

[Tmoonz]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

Honestly it is very wrong for any investor to makes any investment decisions based on emotions because that's is the only way one can be successful, when we become emotion driven there will be lot's of mistakes along the line, those that sold when they are supposed to be buying, those investing more than they should by using the money that is not meant for investment, are all emotions driven decisions. However, you need to know that a smart investor takes advantage of buying more Bitcoin at a decline instead of panicking because their intention is always to maximize every buying opportunities and hold, perhaps buying at a decline we give more Bitcoin than buying from it's previous high, having a full control of our emotions is indeed a lead way towards achieving a successful Bitcoin investment because even when Bitcoin is in decline or going up we are not meant to sell or buy more than we can, every investors needs that peace of mind to grow his or her asset and not to be emotionally driven.

[Scarlett_23]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

You are misunderstanding the first thing that is needed before venturing into bitcoin investment which is an income and a discretionary income. I feel this is the primary thing because it's from your discretionary income that you will use to start your bitcoin investment and also for growing your bitcoin portfolio overtime with DCA buying strategy. It's also your discretionary income that you will use to build your emergency funds and that's why I feel that you can get started right away when you have your discretionary income and invest with one regular every week and use the other part to grow your emergency funds for at least three months.

If you don't have a discretionary income, and buy bitcoin with funds that is not your extra funds, you will end up selling your bitcoin quickly and I see that as gambling because you must get burned.

I agree with you and would like to say that the idea is very reasonable and realistic. For an investor, a system of discretionary income is very important. And for this, we need to know about discretionary income. And discretionary income is the money that a person has in his hands after fulfilling his basic needs. A person may suddenly face danger. In that case, he may need his money at any time. Then that person should not have to sell his Bitcoin in a hurry. That is, I mean that investing in Bitcoin should not be a barrier to monthly expenses. Then that person will never be able to master the strategy of investing in Bitcoin. Here I will not talk about making such a big investment that a person will face serious problems. I will tell him that if someone's monthly income is Rs. 20000, then it is necessary to continue with Rs. 10000 per month and I will encourage him to deposit Bitcoin using DCA strategy at Rs. 7000 and with this, I will request that person to keep the remaining Rs. 3000 in his emergency fund. In this way, a person can reach his desired goal.

[sotelorene]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

I wouldn't rush to say you are wrong because on a normal every human being has emotion but been emotional whenever the price of Bitcoin is not going well, to me I will categorized this people or investor as:

1. Investor who doesn't understand what is Bitcoin or how Bitcoin works because if they do actually know that Bitcoin is a volatile asset they won't be so emotional about it because definitely Bitcoin will still go up for sure.

2. Investors who invested what he or she can not afford to let go because any investor that invested what they can let go can or should not be worried or emotional about the market because they invested a money that they feel they don't actually need or money that won't affect them in any way.

3. A short term investor, most short term investors are always carried away by the market price

[Furious 7]

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

The fear of losing actually even though it sounds for some people to be normal because it involves money in it but in the end things like this must be minimized especially we clearly have the ultimate goal that we want to achieve and we are already aware of the risk of decline should be when we decide to be in bitcoin because indeed consciously or not we have to admit that being in bitcoin is full of risks so that in the end we must be prepared to lose.

But on the other hand we also have to remember that a decline like this is part of the process and when it decreases we will only experience dereciation in value not loss of bitcoin that we collect so we don't need to worry too much because talking about value then in the end such depreciation will come back again when our target is long-term.

We just need to enjoy volatility in the sense that it does not mean to undermine it but we just don't need to worry excessively because in the end our target is a longer term so a temporary decline will not be nothing in the end.

[JayJuanGee]

There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons."

I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.

Yes... so many traders either think that they are smart or that they can figure out how to trade in a way that is more profitable than if they had not fucked around with trading, when the facts of the matter remains that trading is ultimately a losing game for an overwhelming majority of normies.. so it remains way better to presume an inability to beat the market than presumptively expecting that you have any meaningful odds of beating it, especially when dealing with one of the best if not the best of assets that man has seen (namely bitcoin), so instead of remaining and accumulating value within a sure bet (or a pretty damned good bet), way too many normies fantasize that they can do even better by selling high and buying back lower, and it is a pretty rare trader that actually is able to beat  a bitcoin investor who had mostly focused on accumulating and holding.. especially the longer the timeline the more likely that a trader has not even come close to the level of returns of holding and accumulating bitcoin, and really why would you?  You have a sure bet (or pretty damned good bet) by buying bitcoin and you want to be smart ass and think that you can do better, and what you going to do?  Tell others that they can do better also.  What a bunch of nonsense.

By the way dominance is a dumb metric, and shows that you ar likely distracted into dumb things, including shitcoins, and yeah guys try to get in and out of shitcoins, since they are so smart and they think that they have it figured out or they will be able to get lucky or they have "insider information", but really largely a losing game full of distractions and nonsensical fantasies of getting rich quick.

Let me give you a bitcoin specific example.

What if you have a guy who is pretty consistent in his investing into bitcoin, and he decided that he was going to invest into bitcoin over two whole cycles, and he had invested into bitcoin over the past 8 years at $200 per week, which would have had been $83.6k invested over 8 years, and right now he would have about 10.347 BTC which have a spot price value of about $1 million (about 12x in profits) and a 200-WMA value of about $450k (about 5.4x in profits).. and surely either way, those are good returns, and you expect to be able to get returns better than that? 

You think that you can beat those returns or that you need to beat those kinds of returns?  Why get greedy? and bitcoin is not showing itself as being any worse investment right now as compared to what it was 8 years ago, even if some of the upside might not be as high as it was, yet bitcoin still has a lot of ongoing upward potential and remains amongst the best of investments (if not the best) currently available across the whole planet for anyone figuring out ways to source their BTC purchases, build their BTC stash size and hold through years, such as 4-10 years or more.  When investing long term, we can consider upside and downside risks and/or benefits, and we can consider that the future is not guaranteed so we have to figure out our position size and our method in such a way to figure out whether our having had invested into bitcoin is likely to give us more options or not, and hopefully we don't screw up a good potential investment by fucking around and trying to trade it... but yeah, people can do what they like.

Whether this particular guy from my example has enough bitcoin or not or maybe he wants to keep accumulating bitcoin at this time, yet his having had built a bitcoin stash that is more than 10 BTC is in a pretty good place with the amount of capital that he had invested so far.

[edited out]

The example you showed above is totally different from what you are arguing about. The people who invested in bitcoin when the price was still at $60k didn't just wake up and invest in bitcoin, and all of a sudden the price surged to $100k. They had held their bitcoin for a long time before they were able to witness the $100k price. Bitcoin is not a pump-and-dump coin that you expect to get huge profit in a short term after investing your money in it. You have to hold your bitcoin for at least 4 years before you can see the profit you are talking about. And you shouldn't invest in bitcoin because you heard that someone made huge profits from it. You should invest in bitcoin at you own will, and before you invest in bitcoin, you should understand that bitcoin is volatile in nature and is not a quick way to get rich, so that when you start investing in bitcoin and the price drops, you will not panic and sell your bitcoin at a loss because you already know that is the nature of bitcoin, and with time it will increase again to the level where you will be in profit.

Not only do normies tend to sell too many bitcoin too soon, they also frequently fail/refuse to stay focused on consistently buying bitcoin over years and years, and surely it seems quite likely that if a guy is building up his bitcoin investment for years and years, then he is likely going to have more options, and does not have to get worked up about trying to time some up and down price waves or even worry himself about bitcoin volatility, even though sure bitcoin is quite likely going to continue to be volatile for many years to come, and so any person geting into bitcoin and staying in bitcoin likely has to figure the volatility into his management of his own systems of continuing to buy bitcoin and/or his psychological expectations about the value of his holdings changing based on ongoing expected changes (perhaps even inevitable changes) in bitcoin prices in the coming 5-20 years and further into the future.

[Gooner0]

 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

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

ok, let's say you buy Bitcoin, after a friend of yours just tells you how he/she just made a whooping profit.
Maybe your friend told you they bought Bitcoin when it was still around 60k and when Bitcoin appreciated  to 100k they sold and made profits.
Ok then you without waiting for proper info just decided to buy Bitcoin too now that it's 100k and deep down you say to yourself you would wait patiently till it increases. And then due to Bitcoin volatility it depreciates just like it is now , maybe to let say 90k and then you panic sell so you wouldn't loose..
These are the kind of things I'm saying.
You first need proper knowledge first.

You can't get this proper knowledge you are talking about without starting up bitcoin investment first if you have the basic knowledge about Bitcoin you can get started and gradually figure out other things along the line because it is when you are inside that you will know more about this bitcoin investment you can be waiting to figure out all concerning bitcoin before investing while you keep missing out other buying opportunity or by waiting to learn all you might get discouraged along this line you could also miss out by procastinating, investing into bitcoin is not as hard as it may seems bitcoin investment is easy when you get started it is when you have not started that you might be thinking to get all knowledge first you can get started already if your discretionary income is available.

And also someone that is investing for a longer time shouldn't get panic when the price of bitcoin drop for it will surely increase back above what you can't even imagine in future time .

I agree with you , I don't wish to take this argument further.
But whatever the case maybe, everyone has a different way or method of learning or knowing how to do things.
Personally I like to learn through or under the guidance of someone who has more or less experience, maybe so that I should avoid big mistakes. But whatever be the case it's ok for everyone to do things thier way.

[Tamaperdana]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Not only traders can have thoughts like that, there are quite a few long-term investors in Bitcoin who have thoughts like that too (thinking about the profits first).

Apart from that, everyone has a different point of view regarding bitcoin, there are those who think it is better if traded (daily, weekly or monthly), and there are also those who think that bitcoin is better as a long-term investment. I personally wouldn't say that day trading in bitcoin is the wrong path. Because perhaps for people who have a lot of time to monitor the market every day, trading could be a not bad option either. But if busy people force themselves to do daily trading in Bitcoin, I think such people are clearly taking the wrong steps. So for people who have a busy schedule, I think it's better to just invest in bitcoin for the long term. Because investing is long term, of course it doesn't require you to look at the market all the time.

But if the context of this discussion leads to risk, it is clear that daily trading in Bitcoin has greater risks than investing. But if we think deeper, traders in Bitcoin actually won't experience losses if they wait patiently. This means that bitcoin continues to increase, so daily traders who buy bitcoin at high prices don't need to worry, because the price of bitcoin will definitely increase again (if the trader trades on the spot). But for example, if you trade futures such as futures, this does have a very big risk. Because futures trading can make our money run out when our liquidity is touched. So my conclusion is that rather than having to worry about doing daily trading, long-term investment in Bitcoin is indeed easier to do and has minimal risk.

[mvdheuvel1983]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

Yes you are right, having fear and anxiety when there is a decline in the price of Bitcoin also happens to Bitcoin investors but this often happens to new investors since they are very new to Bitcoin investment this is because for someone who has witnessed the rise and decline of Bitcoin price since 2012 till now can't panic when there is a decline in the price of Bitcoin because they already know that they are safe and their funds will not be lost since they invested in the best cryptocurrency which has been in existence for the 10 years and more with a good proven track record despite all the wrong informations that has been spreading through the media against it's existence. People should understand that Bitcoin investment is not like a ponzi scheme that's why they have been encouraged to do a proper background check and research before going ahead to invest so that when they experience an doubt as a result of price or social media informations they will remain calm and not be moved by what naysayers say I their ears.

Bitcoin investment should only be done by those who are not moved by the price of Bitcoin in my personal opinion and I feel that every investor who truly believes in Bitcoin will find it difficult to panic or have emotional issues when there is a decline in Bitcoin price. Invest with a reasonable amount and never stop buying regardless of the current price and once you have reached the point when nothing scares you anymore you will be happy when you not only be happy knowing how many Bitcoin you have acquired but you will also have a relaxed mind knowing that your money is not just lost but it's accumulating in a good way.

[Furious 7]

There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons."

I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.

Because in the end, the mindset of traders always refers to speculation and speculation so that they are sometimes too sure of what they are doing with candlestick and trend monitoring so that in the end the words smartass even though it seems harsh but the reality is like that.

In fact when it comes to traders no matter how good they think the research is they will eventually get into a situation where their expectations do not match the reality they have and the fact that when bitcoin corrected and a lot of traders got liquidated for their assets and lost all their money in trading it became proof that in the end trading can always be a major problem that will eventually sooner or later destroy themselves.

Unfortunately for now a lot of beginners or even those who even understand a little always see that trading is everything when if we examine further investment with trading is clearly worth it investment when we do it rationally.

[Su-asa]

You can't get this proper knowledge you are talking about without starting up bitcoin investment first if you have the basic knowledge about Bitcoin you can get started and gradually figure out other things along the line because it is when you are inside that you will know more about this bitcoin investment you can be waiting to figure out all concerning bitcoin before investing while you keep missing out other buying opportunity or by waiting to learn all you might get discouraged along this line you could also miss out by procastinating, investing into bitcoin is not as hard as it may seems bitcoin investment is easy when you get started it is when you have not started that you might be thinking to get all knowledge first you can get started already if your discretionary income is available.

And also someone that is investing for a longer time shouldn't get panic when the price of bitcoin drop for it will surely increase back above what you can't even imagine in future time .

I agree with you , I don't wish to take this argument further.
But whatever the case maybe, everyone has a different way or method of learning or knowing how to do things.
Personally I like to learn through or under the guidance of someone who has more or less experience, maybe so that I should avoid big mistakes. But whatever be the case it's ok for everyone to do things thier way.

What Gooner0 said is right, you can't get legible knowledge of Bitcoin investment by reading books or looking at market caps and analysis alone. You also need to make some practicals by creating your Bitcoin wallet and applying DCA strategy on your investments, the more you buy Bitcoin and send to your portfolio the more knowledgeable you become to Bitcoin investment.
While you invest on Bitcoin, it's essential to use DCA method because you will gain more knowledge when Bitcoin dip and when Bitcoin increase. DCA method also gives you the ability to constantly make profits the more Bitcoin continue to grow.

[Agbamoni]

I wouldn't rush to say you are wrong because on a normal every human being has emotion but been emotional whenever the price of Bitcoin is not going well, to me I will categorized this people or investor as:

1. Investor who doesn't understand what is Bitcoin or how Bitcoin works because if they do actually know that Bitcoin is a volatile asset they won't be so emotional about it because definitely Bitcoin will still go up for sure.

2. Investors who invested what he or she can not afford to let go because any investor that invested what they can let go can or should not be worried or emotional about the market because they invested a money that they feel they don't actually need or money that won't affect them in any way.

3. A short term investor, most short term investors are always carried away by the market price

One characteristic of a human is emotion but we were giving the ability to control our emotion. At first i dont see emotion as a problem to our investment as its a normal feeling but most investors go as far as letting their emotions take control of them especially selling at the wrong time, over aggressively buying Bitcoin i guess that's when the problems start. They could end up ignoring doing the right thing and end up making impulsive decision. 

Bitcoin isn’t going anywhere, at least not yet. So i dont see any need to treat every dip or rise like it’s the end of the world. Many investors do this. I believe every investor can create a balance between being between emotionally attached and overly attached to their investment. There should be boundaries to how we take actions when we feel excitement or fear.

[cryptoWODL]

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Maybe every trader becomes more interested in trading because they think about profit. They may think that they will be able to make a quick profit from this and become rich very quickly. Those who have this tendency and those who try to make quick profits from trading in a short period of time lose their money the most. This is one example of how a person can suddenly lose a huge amount of money from his trading and how harmful trading is. A person was trading and he lost millions of money in few minutes of trading.

He said: "The first time I took it, I lost it all in about 20 minutes one night. The market moved very rapidly and I liquidated everything.

https://search.app/6c7yVCJgr2UmzBGM9

That's why maybe when someone wants to learn about Bitcoin i.e. Bitcoin investment they should be told not to trade, they should not even be advised to trade, as trading involves the highest risk. Investing instead of trading is safe for everyone even if you start with a small amount of money.

[Frankolala]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Not only traders can have thoughts like that, there are quite a few long-term investors in Bitcoin who have thoughts like that too (thinking about the profits first).

Apart from that, everyone has a different point of view regarding bitcoin, there are those who think it is better if traded (daily, weekly or monthly), and there are also those who think that bitcoin is better as a long-term investment. I personally wouldn't say that day trading in bitcoin is the wrong path. Because perhaps for people who have a lot of time to monitor the market every day, trading could be a not bad option either. But if busy people force themselves to do daily trading in Bitcoin, I think such people are clearly taking the wrong steps. So for people who have a busy schedule, I think it's better to just invest in bitcoin for the long term. Because investing is long term, of course it doesn't require you to look at the market all the time.

But if the context of this discussion leads to risk, it is clear that daily trading in Bitcoin has greater risks than investing. But if we think deeper, traders in Bitcoin actually won't experience losses if they wait patiently. This means that bitcoin continues to increase, so daily traders who buy bitcoin at high prices don't need to worry, because the price of bitcoin will definitely increase again (if the trader trades on the spot). But for example, if you trade futures such as futures, this does have a very big risk. Because futures trading can make our money run out when our liquidity is touched. So my conclusion is that rather than having to worry about doing daily trading, long-term investment in Bitcoin is indeed easier to do and has minimal risk.

You shouldn't be hyping trading on this thread, because in the long run all traders will run at loss and will be left without any bitcoin for their future or little, which makes me see trading as a wrong step to take. Even if you have the whole time to trade, it's not a guarantee that you will make profit, so why will you be gambling with your resources that you are suppose to use and invest in bitcoin for your future financial breakthrough. I think your words can mislead newbies for them to think that making profit in bitcoin is easy whereas, it's the opposite. Only invest in bitcoin and build your bitcoin stash overtime because bitcoin is worth hodli as your family reserve.

[Richbased]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Not only traders can have thoughts like that, there are quite a few long-term investors in Bitcoin who have thoughts like that too (thinking about the profits first).

Apart from that, everyone has a different point of view regarding bitcoin, there are those who think it is better if traded (daily, weekly or monthly), and there are also those who think that bitcoin is better as a long-term investment. I personally wouldn't say that day trading in bitcoin is the wrong path. Because perhaps for people who have a lot of time to monitor the market every day, trading could be a not bad option either. But if busy people force themselves to do daily trading in Bitcoin, I think such people are clearly taking the wrong steps. So for people who have a busy schedule, I think it's better to just invest in bitcoin for the long term. Because investing is long term, of course it doesn't require you to look at the market all the time.

But if the context of this discussion leads to risk, it is clear that daily trading in Bitcoin has greater risks than investing. But if we think deeper, traders in Bitcoin actually won't experience losses if they wait patiently. This means that bitcoin continues to increase, so daily traders who buy bitcoin at high prices don't need to worry, because the price of bitcoin will definitely increase again (if the trader trades on the spot). But for example, if you trade futures such as futures, this does have a very big risk. Because futures trading can make our money run out when our liquidity is touched. So my conclusion is that rather than having to worry about doing daily trading, long-term investment in Bitcoin is indeed easier to do and has minimal risk.

You shouldn't be hyping trading on this thread, because in the long run all traders will run at loss and will be left without any bitcoin for their future or little, which makes me see trading as a wrong step to take. Even if you have the whole time to trade, it's not a guarantee that you will make profit, so why will you be gambling with your resources that you are suppose to use and invest in bitcoin for your future financial breakthrough. I think your words can mislead newbies for them to think that making profit in bitcoin is easy whereas, it's the opposite. Only invest in bitcoin and build your bitcoin stash overtime because bitcoin is worth hodli as your family reserve.

Sometimes when i see people hyping trading, i pretend as if i don't even know what they are talking about because some people who often talk about trading are not even real traders, because if they were real traders and trusted trading that much, you won't even see them come openly to talk about trading instead they will prefer to use their so called strategy and experience by themselves without letting anyone know. Though trading is not completely bad but it is never advisable to a beginner who has no knowledge and experience about trading but however, since the discussion in this thread is mostly about investment strategies in bitcoin, he shouldn't have brought forth the idea of trading here but since everyone has the privilege to state their mind about what they think works most for them, we can't really condemn those with the mentality of trading in this thread and if i were them, would prefer to join the moving train of investors who are more concerned about buying and hodling bitcoins for long term future benefits. Everyone has freedom of choice as to what they feel is suitable for them so yeah, as there are those vehemently believing in investing in bitcoin for long term benefits, so also there are folks who finds trading attractive and also look forward for short term profits so it's kinda personal conviction.

[GiftedMAN]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.

Not only traders can have thoughts like that, there are quite a few long-term investors in Bitcoin who have thoughts like that too (thinking about the profits first).

Apart from that, everyone has a different point of view regarding bitcoin, there are those who think it is better if traded (daily, weekly or monthly), and there are also those who think that bitcoin is better as a long-term investment. I personally wouldn't say that day trading in bitcoin is the wrong path. Because perhaps for people who have a lot of time to monitor the market every day, trading could be a not bad option either. But if busy people force themselves to do daily trading in Bitcoin, I think such people are clearly taking the wrong steps. So for people who have a busy schedule, I think it's better to just invest in bitcoin for the long term. Because investing is long term, of course it doesn't require you to look at the market all the time.

But if the context of this discussion leads to risk, it is clear that daily trading in Bitcoin has greater risks than investing. But if we think deeper, traders in Bitcoin actually won't experience losses if they wait patiently. This means that bitcoin continues to increase, so daily traders who buy bitcoin at high prices don't need to worry, because the price of bitcoin will definitely increase again (if the trader trades on the spot). But for example, if you trade futures such as futures, this does have a very big risk. Because futures trading can make our money run out when our liquidity is touched. So my conclusion is that rather than having to worry about doing daily trading, long-term investment in Bitcoin is indeed easier to do and has minimal risk.

You shouldn't be hyping trading on this thread, because in the long run all traders will run at loss and will be left without any bitcoin for their future or little, which makes me see trading as a wrong step to take. Even if you have the whole time to trade, it's not a guarantee that you will make profit, so why will you be gambling with your resources that you are suppose to use and invest in bitcoin for your future financial breakthrough. I think your words can mislead newbies for them to think that making profit in bitcoin is easy whereas, it's the opposite. Only invest in bitcoin and build your bitcoin stash overtime because bitcoin is worth hodli as your family reserve.

Sometimes when i see people hyping trading, i pretend as if i don't even know what they are talking about because some people who often talk about trading are not even real traders, because if they were real traders and trusted trading that much, you won't even see them come openly to talk about trading instead they will prefer to use their so called strategy and experience by themselves without letting anyone know. Though trading is not completely bad but it is never advisable to a beginner who has no knowledge and experience about trading but however, since the discussion in this thread is mostly about investment strategies in bitcoin, he shouldn't have brought forth the idea of trading here but since everyone has the privilege to state their mind about what they think works most for them, we can't really condemn those with the mentality of trading in this thread and if i were them, would prefer to join the moving train of investors who are more concerned about buying and hodling bitcoins for long term future benefits. Everyone has freedom of choice as to what they feel is suitable for them so yeah, as there are those vehemently believing in investing in bitcoin for long term benefits, so also there are folks who finds trading attractive and also look forward for short term profits so it's kinda personal conviction.

There several people who have taking profits from trading but the idea of comparing trading and Bitcoin investment shouldn't be discussed because there are no best strategies out there for any trader people who have been profiting in trading gets that as a result of luck because that is the only way a trader gets profit. Speaking from my experience as one who has sometimes enjoyed trading as short term investor, you can't have a relaxed mind trading because the losses will always be greater than the profit if we are being very honest.

Having the mindset of investing in Bitcoin for a long term should be adopted more because you do not only have the opportunity to have a promising future if you maintain the consistency in holding Bitcoin you will be rest assured of making profit after holding for a long term knowing that you can never meet the price of Bitcoin the way you saw it 3 -5 years after you have invested in it.

[khiholangkang]

I wouldn't rush to say you are wrong because on a normal every human being has emotion but been emotional whenever the price of Bitcoin is not going well, to me I will categorized this people or investor as:

1. Investor who doesn't understand what is Bitcoin or how Bitcoin works because if they do actually know that Bitcoin is a volatile asset they won't be so emotional about it because definitely Bitcoin will still go up for sure.

2. Investors who invested what he or she can not afford to let go because any investor that invested what they can let go can or should not be worried or emotional about the market because they invested a money that they feel they don't actually need or money that won't affect them in any way.

3. A short term investor, most short term investors are always carried away by the market price

One characteristic of a human is emotion but we were giving the ability to control our emotion. At first i dont see emotion as a problem to our investment as its a normal feeling but most investors go as far as letting their emotions take control of them especially selling at the wrong time, over aggressively buying Bitcoin i guess that's when the problems start. They could end up ignoring doing the right thing and end up making impulsive decision. 

Bitcoin isn’t going anywhere, at least not yet. So i dont see any need to treat every dip or rise like it’s the end of the world. Many investors do this. I believe every investor can create a balance between being between emotionally attached and overly attached to their investment. There should be boundaries to how we take actions when we feel excitement or fear.

And I think fear, anxiety, greedy, and all emotionality in humans is human but depends on how they control it, there are people who are lucky because they are greedy at a certain time but they know it stops but very rarely like that, and again There are people who are unlucky even though he is natural, things in this world are complicated about human economy and emotions, in essence we must buy what we know, like buying bitcoin we must know what Bitcoin is and how he is used and how he is running as well as How is the Bitcoin market cycle, people who have long been in Bitcoin have a fear and anxiety and others but they are able to control it because they have knowledge in handling themselves to see more optimistic and also invest in their strategy.

But the most trusted in Bitcoin is that the longer you hold it, the possibility of profit will be even greater, so every 4 -year cycle of Bitcoin answers the doubt of many people, so buy it when able to buy of course with the strategy you understand and like, whether it's Lump Sump or DCA, we have the right to carry out Bitcoin purchasing strategies.

[Samlucky O]

I will tell him that if someone's monthly income is Rs. 20000, then it is necessary to continue with Rs. 10000 per month and I will encourage him to deposit Bitcoin using DCA strategy at Rs. 7000 and with this, I will request that person to keep the remaining Rs. 3000 in his emergency fund. In this way, a person can reach his desired goal.

Surely investing to meet up our target is good, but The way you Annalise using 20000 Rs in terms of investment is aggressive to me. Although everyone has the way they program their Bitcoin investment but we should also consider a consistent method that we can continue to invest for a long time without getting tired. Investing in Bitcoin requires you to be "slow and steady". permit me to use that word, because that is how you can do it effortless and consistent and you have a good stash to keep and never think of selling your BTC too quickly. Because there is a way you program your investment strategy then it will affect you. There is nothing wrong investing 1k or 1.5 Rs weekly from a 20k rs, and setting aside emergency fund like 500rs weekly making it's 6 or 8k Rs every month and you are left with 12k Rs after spending for family expenses then the rest will be in your discretion because our discretion should be our top most priority. Which means if we want to increase or decrease in Bitcoin investment , it will be done from our discretion. So there's need for a us to look into having a strong backup to stand a better change in our investment since " no discretion no investment".

[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.

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

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

[JayJuanGee]

[edited out]

that's a good idea and I'm very happy to receive that good advice and indeed I plan to continue doing DCA forever because I know I'm still early in BTC and I still have little BTC at the moment. and what is certain is that I will not sell my BTC because of course I will be strong and firm in my stance to keep holding BTC for the long term.

But I am amazed by the people here who have been doing DCA for a long time and it can be seen from the discussions that they are very good and of good quality and have broad insight. Yes, I hope one day I can have a lot of BTC and I'm sure it's not too late for me to continue DCA and collect BTC little by little.

Don't get me wrong.

I am not suggesting to never sell your bitcoin.

My suggestion for almost everyone is to focus on buying and accumulating bitcoin until you have more than enough, and then once you reach a status of having more than enough bitcoin, then at that point you will have more options regarding how to manage your BTC, whether that includes selling or holding or some combination, since once you received enough or more than enough BTC, then you have more options, and you may well be better to figure out ways to maintain and/or sell some of your bitcoin or even figure out strategic withdrawal techniques based on price and/or based on time, which I discuss a lot of those ideas in my sustainable withdrawal thread.