Buy Buy Buy or Sell Sell Sell?

[sotelorene]

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

You are not far from the truth though, because at the end of the day, it's all about the money, and everyone is free to do whatever they pleases, but that doesn't mean that they are actually going to be the best decision making in the eyes of others, because we all see differently, besides as humans that we are, we  mostly goes for what serves our best interest, but one thing you need to understand is that, the process of buying Bitcoin and selling very quick for minimal gains is no longer an investment, it's more of trading than investment, and by  selling for minimal gains, you can never build a generational wealth through Bitcoin in that manner, but if you really want to build a generational wealth overtime true Bitcoin, you must not sell for minimal gains no matter what.

What are you saying mate, I can't believe that at this point some bitcoin holder are still having the mindset that it's all about the money, no one says it's not their money but what's stopping them from doing things the right way, what's stopping them from investing on Bitcoin in the right manner which is investing for a full circle and not taking profits when it's not due, it's very misleading cause I believe their are people who follow threads like this to learn about Bitcoin investment and that statement could mislead them cause they'll see reasons to take profits over any increase in the price with reasons that it's their money afterall, it's very wrong and comes with regrets, Bitcoin is not some get rich quick scheme where one invest to take profits immediately it increases, im not saying one shouldn't take profits but doing that (taking some portions) after a full circle or more when it's due is much more advisable than taking profits after slight gains cause it's their money. Moreover they ain't richer than Blackrock nor Saylor that's  made a handful of profits by investing on Bitcoin yet they still advise people to hold and keep adding to the profits they've made cause they know Bitcoin as an asset has much more to offer than what they've made now, if they can hold and remain deciplined concerning it why can't  anyone, people should quit that mindset and do the right thing, stick to the right concept of Bitcoin investment which involves holding for long-term.

Just listen to yourself, don't you know that you sounds ridiculous?
If it's not about the money why are we investing in Bitcoin in the first place?

I didn't want to reply further on this matter, but to bail you out, I decided to do this last one.

Do not waste your time replying @MainIbem any further, he is better ignored, otherwise he will drag you to his idiocy. You see, some people are hopeless, they are not worth arguing with, such will see a plain black colour and will continue to argue it heatedly to be white, c'mon! Is that the kind of person you are wasting your time on?

If in his tiny brain, Bitcoin is not purchased for the benefit (money), I wonder if he purchases it for his local government title or wants to marry Bitcoin as partner.

This thread is mainly about Bitcoin discussion and investment, and it is normal that someone will encounter the way you handle your Bitcoin investment if he is not okay with it or if you are handling your investment in the wrong ways, mostly when you are investing in Bitcoin for the short-term profit or if you are using all your money to invest in Bitcoin. When such a thing happens to you, it is now your responsibility to argue with that person to see between the both of you who is saying the right thing and not for you to talk down on the person because you think the person is not in the right place to advise you on how you should handle your bitcoin investment.

You are right to some extent, our discussion here is majorly about Bitcoin investment but we don't encounter people the way they handle their investment rather we give the best suggestion and advice and the advice and suggestion is not a must that one should adhere to it because everyone has their choice and right to take decision. However, there won't be any need to argue when one knows that he or she is already wrong instead a wise investor will take correction and by so doing they have already put their investment in the right track and again whenever you argue when you are wrong it is very obvious you won't learn and growth will be very far from the person.

[Promocodeudo]

for sure , I do speak out of experience, I came to know about Bitcoin back in 2017 when Bitcoin when it experienced an upsurge, and back then I felt I was too late to invest, I was waiting for a dip, so I can buy but I later realized I was doing it wrong, because I normally used my personal money for upkeep to invest and I had little savings, it later made me want to do short term until I heard about the DCA strategy which have been helping me till now .

[/quote]

Buddy first and foremost am very happy that you were able to retrace your step and start doing DCA with what is available within your disposal, when it comes to Bitcoin investment, waiting for the dip to come is not encouraged because this dip people keep mentioning does not have the actual time it will last or even end and again it can serve as a discouraging factor for investor that are ready to start with the amount they have already in place.
Mate the way you sound I can relate that you have learn and you have started the journey which is very good for you but my question to you is how consistent are you? DCA is good but consistency is the major thing and for you to be consistent, you've to seek for more income to enable your consistency scale through easily and effectively but if your income can help you invest freely and alos carter for your personal needs then you're good to go, I love newbies with positive mindset who are ready to keep doing the needful slowly,steadily and consistently to hodl for a long-term.

[JayJuanGee]

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You are actually right and I also share the same sentiment as you bro, the best possible way to accumulate and invest in Bitcoin is through the DCA accumulating strategy and it should be done according to how much you can afford to do away with for a very long period of time, not investing an amount that will eventually put you under unnecessary pressure because it's actually wrong to invest money you should be using for your upkeeps, or money that should be kept as part your emergency funds, because once you do that, by investing more than what you can afford to do away with for a very long time, it would be just a matter of time before you temper with your Bitcoin investment just to sorts out some basic financial needs, so in essence of what am trying to say is that while investing in Bitcoin, it's very important to invest only what you can afford to do away with, so that our discretionary income and our emergency funds will be bogus enough to carry all our financial borden's, not a situation of falling back to our holdings because of an emergency situation.

yes, I totally agree with you. But it doesn't just apply on Bitcoin investments only.
Any form of investment that is long term, you need to have a rethink before investing and also you need to know the money that would be used in that investment so as not to be forced to touch money you've already invested.
A lot of people have this habit of jumping into investments just because either they've acquired a little sum of money , without having a rethink of what to do during the rainy days, the days when the wouldn't have quite much. And then after some time the begin to touch money invested, little by little and then opt out for short term.

Yeah, that is why every investor needs to buy according to their capital and peroid of earning, for instance someone who earns a 100k weekly in their local fiat currency is not expected to be DCAing on a daily basis but rather weekly since their capital for investment comes weekly, same applies to an investor who earns monthly, those who are suitable for daily accumulation are investor who's income are made on a daily basis. However one is not supposed to invest all their income on Bitcoin just because it's a good investment option, a wise investor would set aside their reserve funds and put in a capital that would be easy for them rollover at their preferred intervals of investment, take for instance 20% of weekly income is not a bad idea, every investor needs to implement good plans that would aid their investment journey so they won't be forced to tamper with their portfolio and take profits when it's not due.

for sure , I do speak out of experience, I came to know about Bitcoin back in 2017 when Bitcoin when it experienced an upsurge, and back then I felt I was too late to invest, I was waiting for a dip, so I can buy but I later realized I was doing it wrong, because I normally used my personal money for upkeep to invest and I had little savings, it later made me want to do short term until I heard about the DCA strategy which have been helping me till now .

Of course DCA is amongst the best of ways to try to figure out your level of aggressiveness, which largely means that you should be building up various kinds of back up funds, such as your emergency funds, so that you never have to dip into your bitcoin investment at a time that is completely of your own choosing, and if you are investing 4-10 years or longer into bitcoin, you should be figuring out ways that you never have to touch your BTC.. and also hopefully, if you manage your cashflows in a good way too, you also never have to touch your emergency fund absent an actual emergency (rather than an emergency that you created based on your own bad management of your cashflows).  For sure, some folks have irregular incomes and/or irregular expenses, yet you are the person in the best position to create some kinds of balance in terms of various cash floats to be able to make sure that you always have enough for your various expenses, and you can ONLY invest into bitcoin as long as your various expenses are clearly covered, even when there are erratic aspects of your income and/or expenses. 

Even folks with fairly straight forward income and expenses still might want to project out their future cashflows 6-18 months, and  surely the more complicated your income/expenses such as if you have a family, business or some kinds of things that cause irregularities, then you may well need to keep some extra cash cushions in various ways in order to anticipate extra expenses or shortages in income before they happen.  The more you practice managing your cashflow, the more accustomed you should become in regards to figuring out how aggressive you are able to be with your bitcoin investment without over doing it.. .so for example, if you tell yourself that no matter what you want to invest $10 per week into bitcoin for the next 6 months, and if you have extra money you would like to unvest up to $100 per week, so you have a range for yourself, and maybe you even have $120 that is in a side backup fund that you have to make sure that for sure you have 12 weeks worth of cash that is already available to buy $10 per week of bitcoin for 12 weeks, and so you just manage the next 6 months and some weeks you may have up to $100 you can put in, and other weeks, you only have $50 or $30, so you get used to these matters, and you might also try to consider if there might be ways that you can increase your income and/or cut your expenses...

And of course, if you are still in your early BTC investment stages you may be building up your emergency funds at the same time that you are building up your bitcoin investments, and so if your expenses might be between $500 and $800 per month, then your saving of 3 months expenses would be to make sure that you have $2400 within your emergency fund, and you build this at a similar pace as building your bitcoin investment.  But if you find that you have more than $2,400 in your bitcoin investment and less than $2,400 in your emergency fund, you may well emphasize putting a higher percentage into your emergency fund to get it up to at least 3 months of expenses, and if you have your emergency fund already in place and various other kinds of back up funds, then you are in a better position to be more aggressive investing into bitcoin.  You do not have to establish your emergency fund prior to investing into bitcoin.... especially since with bitcoin, is it important to get started investing into bitcoin as soon as you figure out that you are interested in investing into it and that you have discretionary income that can be used to invest into it and that you are expecting not to tap into your bitcoin investment for 4-10 years or more.. which surely can feel like a long time for people, but that should be a bitcoin investment mindset in regards to figuring out how to treat bitcoin as an investment rather than as a trade.

[edited out]

In all, everyone should invest at the level of the discretionary income such that it will give them convenience to also sort out their other expenses that are of necessity to them. Choosing to invest weekly or Monthly should depend on when your cash flows because if you choose to make an irrational DCAing it can become problematic to you, that is why investing same amount at different intervals is the best way because you will be consistent since your time of DCAing will meet up with the time of your cash flows (income). Though investing with 20% of your income can be problematic especially for someone who has a lot of responsibilities with money except for someone who doesn't have much responsibity that can conveniently invest with 20% or more of their income and still be able to maintain it till they have gotten a big portfolio. Having reserved funds is also one of the prerequisite to a successful investment since you won't tamper with your holding anytime soon because any other financial obligation that may arise after investing, your reserved funds can attend to them.

Of course, we cannot necessarily assume that 20% is overly aggressive investing into bitcoin, yet surely the newer a person is towards investing in bitcoin and building his bitcoin investing systems and his cashflow management systems, then the more cautious he likely needs to be to make sure that he has his systems fairly solidly in place, and so then if he has systems more solidly in place, then he should be able to reasonably assess his level of bitcoin investment aggressiveness.. meaning that the more solid his cashflow management systems and back up funds, the more aggressive that he can afford to be..and each person has to figure that out in terms of various obligations that he might have or in terms of the extent to which he has irregularities in his income and/or expenses.

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know.

Since you are accumulating bitcoin for three different purposes, I easily believe you that you have made more money in your short-term and medium-term investments combined over your long-term investment because from the way you are sounding, it is possible that you would choose to invest more money in your short-term and medium-term investments over your long-term investment. From the year you registered on the forum, you have been accumulating bitcoin for short-term, medium-short, and long-term for close to 4 years now. The only reason you made more money from you short-term and medium-term investments combined is simply because you allowed yourself to be distracted from your long-term goal, which weakened your long-term accumulation power. Imagine if you had used all your money to accumulate bitcoin only for the long-term purpose; you would have gotten a decent amount of bitcoin by now, and from the year you started accumulating bitcoin, you would have been in big profit that would even surpass the profit you have made in your short-term and medium-term investments combined.

I think that it can be quite difficult to figure out the extent to which another person would have had been better off just investing rather than holding, especially ONLY over one cycle or less... even though surely with bitcoin, many of us likely realize that the longer that we have been in bitcoin (such as more than a couple of cycles), then the the more difficult it would have had been for the trader to out perform the person who was mostly just accumulating bitcoin and/or holding it.   

Also, for example the last couple of years, from late 2022, the BTC price has mostly been up.. so the better strategies would have had likely been just buying and holding, and sure there could have had been some folks who figured out how to trade it, yet that seems ridiculous to even try when we can see that there was nothing wrong with getting something like 4x profits from merely buying and holding.  Why does anyone need more than 4x profits? especially if there is longer term in mind.. .and also think about someone with 8 years investing.  Surely just investing steady for 8 years starting in early 2017 is one thing that might have had brought close to 10x in profits.and a guy investing $100 per week investing $42k and having 4.78 BTC. yet if the person had been able to front load his investment and perhaps buy $42k worth of BTC around $5k, then that would have ended up with 8.4 BTC.. and sure he might have still been able to accumulate more BTC in the past 8 years, yet he would have had around 20x in profits on his frontloaded investment that had an average of $5k per BTC..

[|MINER|]

I doubt that we should expect profits, especially in our first whole cycle of investing into bitcoin, our holdings may or may not be in profits... so we should not be focused on profits, but instead focused on building our bitcoin holdings for the long term... hopefully 4-10 years or longer.  Even long term we are not guaranteed profits, yet of course, we invest into bitcoin with expectations that it is an asymmetric bet meaning that the most that we can lose is 100% as long as we don't use leverage, and that we consider there are a variety of upside scenarios in regards to bitcoin having a lot of strong fundamentals related to its scarcity and its censorship resistance characterizations, in which bitcoin still seems to be in its quite early stages of adoption including the ongoing expansion of its 7 network effects (as outlined by Trace Mayer).

That's also a good point.
Moreover, if we look at it from a general perspective, when we keep moving between buying and selling in the hope of making a profit from Bitcoin, that too with a long-term strategy, then we get affected by FUD and sometimes we miss big opportunities and even face losses.
So I also think that Bitcoin investment should be done with a holding plan of 4 years because the 4-year cycle shows the bull-season and bear-season of Bitcoin.
I actually believe in this kind of planning, for example, now is on Bitcoin's bull season and I have taken a target that if Bitcoin touches or crosses 110k, then I will sell my holding amount and later by holding stable USDT, I will invest in the next bear season of 2026 or 2027 in a few parts and later I will sell the next bull season by keeping the holding. In this way, I will be able to make my initial investment multiple times larger.

[JayJuanGee]

I doubt that we should expect profits, especially in our first whole cycle of investing into bitcoin, our holdings may or may not be in profits... so we should not be focused on profits, but instead focused on building our bitcoin holdings for the long term... hopefully 4-10 years or longer.  Even long term we are not guaranteed profits, yet of course, we invest into bitcoin with expectations that it is an asymmetric bet meaning that the most that we can lose is 100% as long as we don't use leverage, and that we consider there are a variety of upside scenarios in regards to bitcoin having a lot of strong fundamentals related to its scarcity and its censorship resistance characterizations, in which bitcoin still seems to be in its quite early stages of adoption including the ongoing expansion of its 7 network effects (as outlined by Trace Mayer).

That's also a good point.
Moreover, if we look at it from a general perspective, when we keep moving between buying and selling in the hope of making a profit from Bitcoin, that too with a long-term strategy, then we get affected by FUD and sometimes we miss big opportunities and even face losses.
So I also think that Bitcoin investment should be done with a holding plan of 4 years because the 4-year cycle shows the bull-season and bear-season of Bitcoin.
I actually believe in this kind of planning, for example, now is on Bitcoin's bull season and I have taken a target that if Bitcoin touches or crosses 110k, then I will sell my holding amount and later by holding stable USDT, I will invest in the next bear season of 2026 or 2027 in a few parts and later I will sell the next bull season by keeping the holding. In this way, I will be able to make my initial investment multiple times larger.

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

But hey, whatever, we  are always going to have people selling too many of their bitcoin too soon and selling their bitcoin to Michael and Larry.. and that is your choice to be treating the most pristine asset as if it were something to fuck around with and try to trade with it rather than having a situation in which you are building your BTC holdings from buying techniques. If you want to build your BTC stash,  you don't accomplish that by selling, you have to keep buying, that is how it is done.  But, hey, whatever, do as you like.. a lot of dumb folks out there..and maybe you will get lucky... perhaps? perhaps?  but I would not count on it.  You are probably going to end up with way fewer coins than what you could have otherwise had. 

[I_Anime]

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

Well said sir jayjuanGee , selling your Bitcoin with the aim of buying back cheaper ain't smart at all ( though you may Think it is a smart move to make but it isn't), because you can't actually tell if the price will dip or not , you may endup selling but at the end you won't be able to buy back  cheaper as you anticipated, investing in bitcoin  different from trading with your Bitcoin , if you are the type who set his mind for long-term holding in Bitcoin you would be able to invest in bitcoin with the right principle and be patient enough to accumulate till you hit the point of having more stacks, rather than trading with your Bitcoin.

[JiiBs]

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

Well said sir jayjuanGee , selling your Bitcoin with the aim of buying back cheaper ain't smart at all ( though you may Think it is a smart move to make but it isn't), because you can't actually tell if the price will dip or not , you may endup selling but at the end you won't be able to buy back  cheaper as you anticipated, investing in bitcoin  different from trading with your Bitcoin , if you are the type who set his mind for long-term holding in Bitcoin you would be able to invest in bitcoin with the right principle and be patient enough to accumulate till you hit the point of having more stacks, rather than trading with your Bitcoin.

It might not be a smart move given the risk that you’ve got to take in having to buy and sell, you need to be accurate or near accuracy to do this successfully but, it would be great if you could predict the market right.

I tried this over the course of last week, had over $33 worth of Bitcoin on an exchange and took the decision to sell and buy it back when it dumps and I did. Sold at $105k and bought back at $98k. The profit from the sales was just about 0.00004 Bitcoin, it was low but yeah, got an increase from my original buying position. The profit was going to be that when you sell at your initial position, where I sold in the first place, still holding on though, moved it to the wallet.

[Futurexxx]

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

Well said sir jayjuanGee , selling your Bitcoin with the aim of buying back cheaper ain't smart at all ( though you may Think it is a smart move to make but it isn't), because you can't actually tell if the price will dip or not , you may endup selling but at the end you won't be able to buy back  cheaper as you anticipated, investing in bitcoin  different from trading with your Bitcoin , if you are the type who set his mind for long-term holding in Bitcoin you would be able to invest in bitcoin with the right principle and be patient enough to accumulate till you hit the point of having more stacks, rather than trading with your Bitcoin.

It might not be a smart move given the risk that you’ve got to take in having to buy and sell, you need to be accurate or near accuracy to do this successfully but, it would be great if you could predict the market right.

I tried this over the course of last week, had over $33 worth of Bitcoin on an exchange and took the decision to sell and buy it back when it dumps and I did. Sold at $105k and bought back at $98k. The profit from the sales was just about 0.00004 Bitcoin, it was low but yeah, got an increase from my original buying position. The profit was going to be that when you sell at your initial position, where I sold in the first place, still holding on though, moved it to the wallet.

In my own opinion, it makes no sense trading your Bitcoin for minimal gains, because constant tempering with your stash of Bitcoin might compel you to sell thinking that you can get it back at a lower price which might never be possible again.
Ok let take a look at those that sold their Bitcoin at $69k thinking that they can later buy back, now Bitcoin has gone up to $100k, do you think that Bitcoin will ever collapse to such level? No in my own opinion, so selling and buying back is not the ideal approach that can be used to build a generational wealth because you may miss the big spike in price if you don't have any significant stash at that moment that it happens, so selling and buying back is not ideal too me.

[Taskford]

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

Well said sir jayjuanGee , selling your Bitcoin with the aim of buying back cheaper ain't smart at all ( though you may Think it is a smart move to make but it isn't), because you can't actually tell if the price will dip or not , you may endup selling but at the end you won't be able to buy back  cheaper as you anticipated, investing in bitcoin  different from trading with your Bitcoin , if you are the type who set his mind for long-term holding in Bitcoin you would be able to invest in bitcoin with the right principle and be patient enough to accumulate till you hit the point of having more stacks, rather than trading with your Bitcoin.

It might not be a smart move given the risk that you’ve got to take in having to buy and sell, you need to be accurate or near accuracy to do this successfully but, it would be great if you could predict the market right.

I tried this over the course of last week, had over $33 worth of Bitcoin on an exchange and took the decision to sell and buy it back when it dumps and I did. Sold at $105k and bought back at $98k. The profit from the sales was just about 0.00004 Bitcoin, it was low but yeah, got an increase from my original buying position. The profit was going to be that when you sell at your initial position, where I sold in the first place, still holding on though, moved it to the wallet.

In my own opinion, it makes no sense trading your Bitcoin for minimal gains, because constant tempering with your stash of Bitcoin might compel you to sell thinking that you can get it back at a lower price which might never be possible again.
Ok let take a look at those that sold their Bitcoin at $69k thinking that they can later buy back, now Bitcoin has gone up to $100k, do you think that Bitcoin will ever collapse to such level? No in my own opinion, so selling and buying back is not the ideal approach that can be used to build a generational wealth because you may miss the big spike in price if you don't have any significant stash at that moment that it happens, so selling and buying back is not ideal too me.

No sense for the fact that there no sure profit to get from long term and they are engaging on more higher risky situation especially they aim only for short gains but they spend a lot from their trades. So if they lose their positions for sure there will be so huge to recover that's why people always come up with conclusions to chase up gains to recover or get profits and make them became more a losers.

That's why its always good to listen on those advices that they should never trade Bitcoin for long term because there's really nothing to get from that option. But if they always look Bitcoin for long term then provably that they can feel that there's good possibilities that they could earn more will engaging on less stressful activities.

For sure traders feel a lot of stress and feel miserable on current dumping condition of the market, but those holders are cool catching those dumps because they don't have anything to worry about.

[sotelorene]

I doubt that we should expect profits, especially in our first whole cycle of investing into bitcoin, our holdings may or may not be in profits... so we should not be focused on profits, but instead focused on building our bitcoin holdings for the long term... hopefully 4-10 years or longer.  Even long term we are not guaranteed profits, yet of course, we invest into bitcoin with expectations that it is an asymmetric bet meaning that the most that we can lose is 100% as long as we don't use leverage, and that we consider there are a variety of upside scenarios in regards to bitcoin having a lot of strong fundamentals related to its scarcity and its censorship resistance characterizations, in which bitcoin still seems to be in its quite early stages of adoption including the ongoing expansion of its 7 network effects (as outlined by Trace Mayer).

That's also a good point.
Moreover, if we look at it from a general perspective, when we keep moving between buying and selling in the hope of making a profit from Bitcoin, that too with a long-term strategy, then we get affected by FUD and sometimes we miss big opportunities and even face losses.
So I also think that Bitcoin investment should be done with a holding plan of 4 years because the 4-year cycle shows the bull-season and bear-season of Bitcoin.
I actually believe in this kind of planning, for example, now is on Bitcoin's bull season and I have taken a target that if Bitcoin touches or crosses 110k, then I will sell my holding amount and later by holding stable USDT, I will invest in the next bear season of 2026 or 2027 in a few parts and later I will sell the next bull season by keeping the holding. In this way, I will be able to make my initial investment multiple times larger.

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

But hey, whatever, we  are always going to have people selling too many of their bitcoin too soon and selling their bitcoin to Michael and Larry.. and that is your choice to be treating the most pristine asset as if it were something to fuck around with and try to trade with it rather than having a situation in which you are building your BTC holdings from buying techniques. If you want to build your BTC stash,  you don't accomplish that by selling, you have to keep buying, that is how it is done.  But, hey, whatever, do as you like.. a lot of dumb folks out there..and maybe you will get lucky... perhaps? perhaps?  but I would not count on it.  You are probably going to end up with way fewer coins than what you could have otherwise had. 

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

[ginsan]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

I think there will be a lot of risks that will occur if they do it, meaning selling and buying again. If the price continues to rise and they run out of patience then it will harm them for the selling action they took. In addition, paying fees for re-execution and the opportunity for such an approach will be difficult for them to be able to hold on longer.

Mixing strategies certainly makes investment steps wrong. But I don't know how they deal with it, of course long-term investment can be done if they have no desire for short-term profits. Regardless of how they invest, of course the best strategy is to hold on.

[Lamkuthang]

I think there will be a lot of risks that will occur if they do it, meaning selling and buying again. If the price continues to rise and they run out of patience then it will harm them for the selling action they took. In addition, paying fees for re-execution and the opportunity for such an approach will be difficult for them to be able to hold on longer.

Mixing strategies certainly makes investment steps wrong. But I don't know how they deal with it, of course long-term investment can be done if they have no desire for short-term profits. Regardless of how they invest, of course the best strategy is to hold on.

Of course. Cheap prices do not come repeatedly in the market.

I think just choose one even though the second option looks temporary enough to provide profit too. If we continue to buy. buy, we are not tempted by the momentary profit from the total that we have collected.

[laijsica]

You do not have to establish your emergency fund prior to investing into bitcoin.... especially since with bitcoin, is it important to get started investing into bitcoin as soon as you figure out that you are interested in investing into it and that you have discretionary income that can be used to invest into it and that you are expecting not to tap into your bitcoin investment for 4-10 years or more.. which surely can feel like a long time for people, but that should be a bitcoin investment mindset in regards to figuring out how to treat bitcoin as an investment rather than as a trade.

We often get confused about emergency funds and some may think that the need for an emergency fund should be set from the very beginning. Having a clear idea of ​​the fund can make small investors more courageous. It makes investors more mentally prepared to manage a 4-10 year DCA/accumulation regularly for a longer period of time. It is recommended for interested investors to have an emergency fund to accumulation more Bitcoin so that over time they feel more secure and feel better about holding Bitcoin for a longer period of time.
A smart way to accumulate Bitcoin for a prudent investor is to run DCA strategy by running his/her continuous stashing. Many new investors find it very challenging to start with Bitcoin and if they are constrained by their emergency fund, they may find it even more challenging. So for easy Bitcoin accumulation, one should start by deposit any amount every week/month from prudent income. In the coming months/years those investors will continue to feel the need to increase the amount of floating cash at their convenience to secure their Bitcoin stash

[Ricardo11]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

I think there will be a lot of risks that will occur if they do it, meaning selling and buying again. If the price continues to rise and they run out of patience then it will harm them for the selling action they took. In addition, paying fees for re-execution and the opportunity for such an approach will be difficult for them to be able to hold on longer.

Mixing strategies certainly makes investment steps wrong. But I don't know how they deal with it, of course long-term investment can be done if they have no desire for short-term profits. Regardless of how they invest, of course the best strategy is to hold on.

This cannot be called an investment, rather it is trading. Sold and bought again and again, Will the market follow your instructions? Or will you know everything in advance when and where the market will go? No one knows when, where and how the market will go. So he will never be able to achieve anything good with the "buy and sell" method he mentioned. To achieve anything good from Bitcoin, you have to use the "buy and hold" method. Do not think about short-term gains, do long-term holding, do not pay undue attention to market volatility, just keep holding only through long-term DCA, long-term holding is the most profitable. And if you study history, this can be understood very well, or those who have been holding for the last 4-5 years, their profits are currently skyrocketing. So the best strategy in Bitcoin investment is to be patient and hold for the long term.

[|MINER|]

Anyone selling bitcoin to buy back lower  (especially around $110k) sounds retarded.  The best way to accumulate bitcoin is to keep buying.  Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper.   Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying  back cheaper, especially if you have not yet reached a status of over-accumulation.

But hey, whatever, we  are always going to have people selling too many of their bitcoin too soon and selling their bitcoin to Michael and Larry.. and that is your choice to be treating the most pristine asset as if it were something to fuck around with and try to trade with it rather than having a situation in which you are building your BTC holdings from buying techniques. If you want to build your BTC stash,  you don't accomplish that by selling, you have to keep buying, that is how it is done.  But, hey, whatever, do as you like.. a lot of dumb folks out there..and maybe you will get lucky... perhaps? perhaps?  but I would not count on it.  You are probably going to end up with way fewer coins than what you could have otherwise had. 

I am actually working on two strategies, one is to maintain a regular DCA and adopt $10 worth of bitcoin it will gonna be likely the way we are making deposit on the bank for savings and I hope I able to continue it for more than 10years?,
And by holding and selling my previously invested bitcoins in a 4-year cycle, I can further increase my bitcoin adoption amount. Like When I invested on bitcoin even if I sold that amount on 100k I can easily multiply to 2x of my previous investment on the next bear season, don't you think bitcoin will come down to 50k on the next bear season?

Anyway, I don't know that is my plan like gambling or what do you think of it, but we all know there will be bull and bear both in the market in around 4 years cycle.

[Just Say]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

I think this probably happens to every trader because a trader's goal is that he will make a little profit in a short time, maybe he is the most focused on it, and accordingly he sells Bitcoin for a small profit. If we can accumulate enough bitcoin properly through regular buying instead of a small profit, then maybe we can make a lot of profit from here in the future, much higher than that little profit. For this, the investor will have to wait at least ten years. I have searched Google many times so far that long -term investment is good for us or short -term investment is good for us. However, the importance of long -term investment has been emphasized in all the articles I have read several times and success can be achieved from long -term investment.

[SOKO-DEKE]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

[Pablo-wood]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

One can still be a trader and investor at the same time. Now imagine someone who has a certain amount and decided to split it into two maybe of equal ratio or maybe of different proportion such that a certain fraction goes for investment and the next for trading.

Accumulating Bitcoin with a single strategy might not work out fine all the time because as humans we are bound to have problems and challenges and no one can predict the future. In the cause of investment a problem might arise that will want to clear up the investment we have been trying to build. But if an investor trades as well they can take quick profit reinvest in other side businesses and this might help discipline them not to consider their investments as immediately problem solving approach because they have built portfolio across two different businesses approaches.

[Sim_card]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

One can still be a trader and investor at the same time. Now imagine someone who has a certain amount and decided to split it into two maybe of equal ratio or maybe of different proportion such that a certain fraction goes for investment and the next for trading.

Accumulating Bitcoin with a single strategy might not work out fine all the time because as humans we are bound to have problems and challenges and no one can predict the future. In the cause of investment a problem might arise that will want to clear up the investment we have been trying to build. But if an investor trades as well they can take quick profit reinvest in other side businesses and this might help discipline them not to consider their investments as immediately problem solving approach because they have built portfolio across two different businesses approaches.

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

One can still be a trader and investor at the same time. Now imagine someone who has a certain amount and decided to split it into two maybe of equal ratio or maybe of different proportion such that a certain fraction goes for investment and the next for trading.

You can not serve two masters at the same time, because you will be committed to one than the other. If you are trading and investing at the same time, there's high possibility that you will be liquidated in trading and you will go and dip hand into the bitcoin that you are investing because it is always lying in your wallet to tap some bitcoin to trade with. You will believe that you will make profit and put it back but gradually, you will lose all your bitcoin investment to trading because trading is same with gambling and you will run at loss in the long run.

Accumulating Bitcoin with a single strategy might not work out fine all the time because as humans we are bound to have problems and challenges and no one can predict the future.

Of course, we have three accumulation strategies which is DCA, lump sum buying and buying at the dip. It's good that after every circle, you reassess your bitcoin investment to see if you are fine with the strategy that you are using to accumulate bitcoin overtime or you change to another method or buy aggressively.

In the cause of investment a problem might arise that will want to clear up the investment we have been trying to build. But if an investor trades as well they can take quick profit reinvest in other side businesses and this might help discipline them not to consider their investments as immediately problem solving approach because they have built portfolio across two different businesses approaches.

Trading is not bitcoin accumulation strategy, because you are selling. When you are accumulating, you don't sell. So buying to sell and buy back is classified as trading.

When you have just started your bitcoin investment as a new investor, you are to set up an emergency funds which you will use to take care of any real emergency that plays out on your bitcoin accumulation journey. You can share your discretionary income into two part and invest into bitcoin with one part and use the second part to build up your discretionary income to three months of your monthly income. This will be a back uo funds to your bitcoin investment so that you don't sell your bitcoin when an emergency arises.

[Pablo-wood]

You can not serve two masters at the same time, because you will be committed to one than the other. If you are trading and investing at the same time, there's high possibility that you will be liquidated in trading and you will go and dip hand into the bitcoin that you are investing because it is always lying in your wallet to tap some bitcoin to trade with. You will believe that you will make profit and put it back but gradually, you will lose all your bitcoin investment to trading because trading is same with gambling and you will run at loss in the long run.

What are you saying? Hehe   when we live in a society where you can't survive with just one stream of income let alone relying solely on a long term investment like Bitcoin. A newbie who is just starting out will find this advice too discouraging. One can still be a trader and investor at the same time and there are many of them out there who are making it big running both at the same time.

Trading is not bitcoin accumulation strategy, because you are selling. When you are accumulating, you don't sell. So buying to sell and buy back is classified as trading.

When you have just started your bitcoin investment as a new investor, you are to set up an emergency funds which you will use to take care of any real emergency that plays out on your bitcoin accumulation journey. You can share your discretionary income into two part and invest into bitcoin with one part and use the second part to build up your discretionary income to three months of your monthly income. This will be a back uo funds to your bitcoin investment so that you don't sell your bitcoin when an emergency arises.

I think you have to go through my reply again. I never referred to bitcoin trading as an accumulation strategy but an approach to help increase capital for investment. Trading and investment can go hand in hand for someone who has good discipline and emotional control and have high accuracy in decision making knowing when to pause and when to take the risk because even with DCA bitcoin investment is still not a 100% guarantee.