Buy Buy Buy or Sell Sell Sell?

[Stormisover]

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.

Bitcoin as I have heard is an investment that should be approach with a long term mindset that is to say is not for a quick money and for that it is very different from every other kind of investment, emergency funds is always encourage to build to stand in terms of problems and challenges, moreso we have to come in to investment with positive vibes than negative and when it comes to having different business it will be more better on subjects that are not related for safety, there are other things one can do to get money other than trading Bitcoin in a short time, you can be confused with mix up investment decisions, it will be more better you Chanel all your energy in building your investment than trading and at the same time trading.

[JiiBs]

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.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

[Ruttoshi]

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.

So are you advising newbies with zero knowledge on trading to jump into trading and run at big loss because they need double stream of income. Your statement is misleading to any newbie reading tgis thread because trading is very complex and doesn't guarantee profit because you are a good trader. Trading have made a lot of people run at big loss because they think that they can outsmart the market, but the opposite was the case.

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.

You are more like a trader and you will regret your actions for gambling with your bitcoin instead of piling it up for your future. Nobody is talking about 100% guarantee in bitcoin investment because no investment is 100% risk free but if you use the right amount of your discretionary income to DCA consistently and persistently for 4-10 years and above, you will have a good size of bitcoin overtime. DCA is to help you accumulate more bitcoin overtime, while trading is to help you lose more bitcoin overtime.

[JayJuanGee]

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.

Many times we talk about an emergency fund needing to be at least 3 months of cash, and surely that should be the case, especially once your bitcoin value starts to get to higher levels, such as equivalent to 3 months of your expenses (or that you have put the equivalent of 3 months of your expenses into it).  3 months of an emergency fund can be difficult to establish right away, yet at the same time, probably an overwhelming majority of normal people operate regularly with a cash cushion of 2-6 weeks, even poor people, so they likely already have more or less an emergency fund in place, so they can usually get started investing into bitcoin with merely $10, just like they might buy $10 worth of cigarettes  (no one is saying you need $10 worth of cigarettes to surviver, but people spend their money on those kinds of things which are not necessary, they are discretionary and they are not getting any money back from the cigarettes once they consume them.. ).   Also, maybe I am being too strict proclaiming a need to be committed to investing for 4-10 years in the start. 

Of course, people can come to bitcoin with a shorter commitment, and then evolve into an investor... since maybe right when a person starts they don't need to commit to 4-10 years, but if they want to be an investor rather than a trader then they should commit to 4-10 years or longer, and surely many of us bitcoiners consider bitcoin as a investment rather than a trade...  (even though people do trade bitcoin, which they have a right to do, and they may well even make money off of it, even though many bitcoiners consider trading as a wrong approach and a wrong mindset in regards to bitcoin)...and bitcoin does not care.. you can do whatever you like, even dumb shit.

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

You are throwing around terms and I am not really sure what you mean.

When a person is prudent, then there is an idea that they are thoughtful about what they are doing and that they are making reasonable choices within reasonable boundaries.., so frequently we talk about making sure that a person is investing into bitcoin from within their discretionary income, so they would make sure that they are not using any money that they need for expenses, so it would be prudent to not invest beyond your discretionary income, yet within the scope of choosing how much to invest a person could invest aggressively, which might include use close to all of their discretionary income or all of their discretionary income on bitcoin which might become dangerous if they make mistakes in calculating their expenses or their income .. which would not be prudent to be engaging in such danger.  On the other hand a person might invest very whimpily into bitcoin.  Let's say that they have $500 per week in discretionary income, yet they choose to ONLY invest $10 per week into bitcoin which truly is their choice, but it seems imprudent if they otherwise consider bitcoin a good investment and they already know how to secure their coins adequately.

Regarding cash floats, I am not sure if you are describing the concept very well, since maybe you are merely talking about discretionary income, but sure,  you might be correct if you might be suggesting that floating cash might be the amount of cash that is available every month while you are still trying to figure out whether you need it for expenses or not, so you have $200 available for various expenses, and so then by the time all your bills come in (and become confirmed) you see that all your bills had only cost $120 and you are going to be getting paid again in a couple of days, so you had kept the $200 as the floating amount, but once your bills are confirmed, then you realize that you have $80 left over, which would be discretionary income or you could float it into the next pay period, since you are getting paid in a couple of days and you do not necessarily need to resolve how you are going to categorize that extra $80, and you might choose to wait to see how much you are getting paid before deciding where to put it.  You could end up putting it into some kind of back up fund that could be for any purpose that you decide, such as buying bitcoin on various conditions, taking your partner out for dinner, savings fund for your new computer, money to pay the plumber who needs to come fix your sink - not urgent but a thing you would like to do, etc etc.

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.

I am not going to say that I know where the bitcoin price is going to go, but I think that you are retarded if you think that the bitcoin price is going to go up to $110k and then crash back down to $50k or even $70k.. but you can do what you like, and maybe you will be right with your gambling approach to bitcoin.

I have already said many times that bitcoin should be a long term investment (but you don't need to agree and you can do what you like, include having fun staying poor), and so with a long term investment, you can accumulate until you get to a point that you can live off your bitcoin or mostly do that... but you are not going to get anywhere if you are fucking around trading.

Just think you have been registered on the forum and presumptively knowing about bitcoin for nearly 10 years, and so potentially, you could have had accumulated enough bitcoin to have a pretty decent bitcoin stash with merely $50 per week, you could have had invested $25.5k and you would have had around 14.2 BTC... and so that would be a pretty good place to be.

Of course, the future of bitcoin is not likely to give you the same returns as the past, but bitcoin still remains amongst the best (if not the best) place to be investing, and you want to be fucking around with trying to trade it rather than ongoingly, persistently, consistently and perhaps even aggressively buying it?  Selling does not help you to accumulate more bitcoin.  Selling only puts you at risk of having less bitcoin.  Yet, sure that is your choice to do what you like, even dumb stuff since it seems like a wrong choice if you are not erroring on the side of accumulating and holding bitcoin until you get to a point of having too many... and you have to figure out how many bitcoin is too many, which based on your posts, you don't seem to have very good judgement about those kinds of things.

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.

Probably you are better off to consider your two sides of the business as 90% investing and no more than 10% trading, without any cheating since the trading part is likely going to be losing relative to the investment side, especially over the next couple of cycles, yet your thinking is so perverted that you continue to divert value from the investing side, since you cannot appreciate the value of investing, and most likely better to be getting income from other sources rather than trying to get income from trading.  With your income you also need to pay for your regular expenses too (housing, food, transportation, etc)... 

What you are saying  is way easy to say than to actually do it and to be successful, especially over a longer period of time, such as a couple of cycles.  You have only been registered on the forum for a couple of years, so do you have experience beyond that?  And in the last two years you would have likely been better off to just buy bitcoin rather than fuck around with various trading.  How has your trading been doing in the last two years?  You killing it?  If you are killing it, can you keep it going for another 6 years? 


Lets say that you were in bitcoin for the last 9 years and you had invested $100 per week, you would have had invested $47k and you would have nearly 14 BTC.  Do you think that a trader could have had beaten those kinds of results?

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 does not give you a second source of income, and your investment is not a source of income either until it reaches overaccumulation status.

If you have a source of income that allows you to pay for all of your expenses, and then you trade on the side and you also invest into bitcoin, that could work, but still it seems problematic to divide them 50/50, but sure, something like that could work if you could stay disciplined and not be either depleting your investment side and perhaps just keep trying to build your trading side and see if you can get your trading side to beat your investment side over a couple of cycles, like 8 years.

You may well devolve into gambling and cheating but if you were to have an income source, and you invested 50/50 into each then you are diluting the investment side, but if you can get the trading side to perform equally or better than the investment side over 8 years, then I would concede that you were able to do a good job, and you ended up being a rare species since an overwhelming majority of folks would not be able to out perform regular DCA investing into bitcoin, especially over a couple of full cycles.

You think that you are smarter.. so good luck, you might be correct, but you sound retarded when you suggest it is easy peasy and the everyone should be doing some risky ass version of whatever the fuck you are doing with your 50/50 proclamations.

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.

You know one of the main mistakes a lot of traders do?  They end up selling too much too soon, and they end up not being long in bitcoin when they should be, and bitcoin has only a few days (maybe around 10 days) per year that you better have had been in bitcoin, because that was where all of the profits were, and if you miss out on those days, you end up fucking away all of your previous trading profits.  Another thing if you use leverage then you may well get yourself into more potential problems, but hey you can do what you like, but your marketing trading as if it were the smarter way to go is not correct because it is a very difficult thing to accomplish, even if you are very good at it... which sure, it is possible that you might be one of those smarter than average traders, and they are pretty rare.. but yeah you might be one of them... perhaps? perhaps?  You seem a bit presumptuous in regards to believing that it is easy to accomplish what you are saying.

[Bushdark]

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.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of  Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

[Promocodeudo]

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.

Mate I can categorically tell you that any investor that buy and sell at a time when there is upsurge or appreciation of Bitcoin price should be considered as a full time trader, there's is no other adjective to qualify such individual except them being trader which are quick profit chasers in reality, buddy on a general note, when an investor starts deviating from the concept of Bitcoin investment which is long-term then such investor can be attributed to be a quick money chaser.
A long term investor can never think of selling to buy again when the price drops, this can only be done by a Short timer, a long term investor have a target and his or her target is to keep acumulating Bitcoin as much as possible consistently and hodl for a long-term.

Buddy whats even the need for someone to have a target of where he or she wants the price of Bitcoin to reach in a short while, I can remember the time every bitcoiners was waiting for the milestone of $100k, it took time for sucb price to be actualized, so as a bitcoiner, perseverance, consistency and steadfastness remains the approach for achieving your goal, buddy using what you can afford at the early stage of your investment is good but remaining at that stage when you've known the dos and donts of the said investment isnt nice, though your source of income matters too, that's why it is advisable for every investor to seek for more source of income to enable them upgrade their acumulation and hodl for a long-term easily without stress or pressure of any kind.

[laijsica]

Of course, people can come to bitcoin with a shorter commitment, and then evolve into an investor... since maybe right when a person starts they don't need to commit to 4-10 years, but if they want to be an investor rather than a trader then they should commit to 4-10 years or longer, and surely many of us bitcoiners consider bitcoin as a investment rather than a trade...  (even though people do trade bitcoin, which they have a right to do, and they may well even make money off of it, even though many bitcoiners consider trading as a wrong approach and a wrong mindset in regards to bitcoin)...and bitcoin does not care.. you can do whatever you like, even dumb shit.

Considering Bitcoin as an investment can be a good decision for an investor to fulfill his expectations. They have the right to short-term trading, but they should keep in mind that considering long-term investment is a bridge to financial success. The consideration is that if someone chooses the easy method of saving Bitcoin from disposable income every week or month, they will accumulate a huge amount within 4-10 years along with the maintenance of the family and through a very simple process.
The consideration that short-term trading is is at the level of being driven by the risk of trading. If we consider that a trader starts trading, he will have to try to get a large holding and it is equivalent to sinking his capital into an uncertain trade. He can lose its value immediately and is mentally depressed which is the main feature of the risk of short-term trading. That is why wrong consideration works among them and greedy tends to get more profit in the short term.

You are throwing around terms and I am not really sure what you mean.

I have tried to explain here that newbies and small investors may have limited amount of money to start with and if we keep advising him to keep at least 3-6 months of backup fund, it may be difficult for him to trust in investing. He is already a bit skeptical about investing when he starts and it may take some time to naturally gain confidence. Gradually, as he keeps on strengthening his efforts for decent status and becomes more enthusiastic about backup fund and his main objective will be to increase the level of security as the Bitcoin stash grows. At least he will start stashing with any amount.

[Mayor of ogba]

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.

Don't take because you want to solve your unexpected problems that may arise during your bitcoin accumulation journey and get distracted into trading bitcoin for short-term profit because it might have a negative impact on you, which will likely lead you to sell your bitcoin prematurely. There is what is called an emergency fund in bitcoin investment, and it is the money that is set aside before or after you start accumulating bitcoin so that if an unexpected problem occurs, you will depend on the emergency fund to solve the problem, which gives you the advantage to hold your bitcoin for a long time. If you have a steady income and you choose to accumulate bitcoin only with the DCA strategy, it will perfectly work out for you as long as you don't use the money that is meant to solve your daily expenses and invest in bitcoin, and I want you to understand that using one strategy to accumulate bitcoin has nothing to do with your life problems.

[Salahmu]

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.

What Sim_card said may be contracting you because it conflict your interest of choices on investment but he is actually saying the truth, actually even if you may leave in the toughest society but that doesn't mean you should not play safe because I no that somebody who come from such society are the ones that applies the highest safety protocol because of their dry bags. There is nowhere desperate of money can take you. Is only an ignorance person that would turned a full writing notebook upside down to prove that the content is not worthy for them, so leave your instinct and face the reality.

[justinlamode]

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.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of  Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.

You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.

[BitBakerr1]

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.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of  Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.

You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.

Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

[inearth]

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Don't take because you want to solve your unexpected problems that may arise during your bitcoin accumulation journey and get distracted into trading bitcoin for short-term profit because it might have a negative impact on you, which will likely lead you to sell your bitcoin prematurely. There is what is called an emergency fund in bitcoin investment, and it is the money that is set aside before or after you start accumulating bitcoin so that if an unexpected problem occurs, you will depend on the emergency fund to solve the problem, which gives you the advantage to hold your bitcoin for a long time. If you have a steady income and you choose to accumulate bitcoin only with the DCA strategy, it will perfectly work out for you as long as you don't use the money that is meant to solve your daily expenses and invest in bitcoin, and I want you to understand that using one strategy to accumulate bitcoin has nothing to do with your life problems.

Patience and proper strategy are very important in Bitcoin investment. Many investors expect quick profits from short-term Bitcoin investments, and for this short-term profit, they invest with money that they may need very soon. And after a certain time, the value of Bitcoin decreases and they have to sell their holdings at a loss.

So do not invest in Bitcoin with the hope of short-term profits, because Bitcoin is not a get-rich-quick scheme. If you want to profit from Bitcoin investment, you must invest in the long term, and if you want to hold an investment for the long term, it is very important to create an emergency fund. This fund is a source of money that you can use to solve your daily expenses or any other urgent problem, so that you never have to sell your Bitcoin.

Also, an investor can never profit from Bitcoin for sure. Bitcoin is only a financial asset, and it is only a currency with a possible future. And it has the potential to give something good in the future. So first you need to understand the real potential of Bitcoin and make a long-term investment by doing proper research.

[Mayor of ogba]

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.

How could one source of income be enough for you when you want to use most of your income for bitcoin trading and investment at the same time? Even though you have one source of income, you can still accumulate bitcoin and hold it as long as you want to if you are disciplined and accumulate bitcoin according to the side of your discretionary income. It is only newbies who are reasoning like you who will be discouraged by this advice since they are very much concerned about trading bitcoin for short-term profit, and there's nothing they will hear that could make them agree that trading bitcoin for short-term profit is bad, but I like people like you; it is only when they learn in the hard way that they will believe.

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.

There's no business or investment that doesn't involve risk, so bitcoin is not risk-free, but it is very difficult for you to lose your money in bitcoin investment as long as you don't sell your bitcoin out of panic. When you are recording success in trading, it is always difficult to know when to take a break from trading, and greed will make you think that luck is still on your side and you will keep recording success as long as you keep trading, and before you know it, an unexpected dip could happen, and you will lose your money in trading. And if this happens and you don't have enough money to take care of you daily expenses until the market bounces back, this is where you will dip your hand in the bitcoin you have been accumulating for long-term purposes to survive.

[Ruttoshi]

Also, an investor can never profit from Bitcoin for sure. Bitcoin is only a financial asset.

I beg your pardon...am I misunderstanding what you wrote, because the last time that I checked early invetors who bought bitcoin at $500 is in a massive profit. I don't want to use my bitcoin portfolio to tell you that I am already in profit because I start accumulating bitcoin in 2023 when bitcoin price was at $45k range.

I could remember when JJG was explaining how long term hodlers are making good profits than traders in the long run to someone on this thread and he used himself as an example that he has being accumulating bitcoin since when bitcoin price was $500, and that his average price of bitcoin at that time he was writing the post was $1k and by then bitcoin price was at $76k, meaning his portfolio has made 76x profit.

So first you need to understand the real potential of Bitcoin and make a long-term investment by doing proper research.

To get started as a new investor, all you need is the basic knowledge of bitcoin and your discretionary income to start investing immeediately. You can learn and make researches of whatever you want to know about bitcoin up your way as you are accumulating.

[Proty]

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.

I don't quite get  your point because there is no way you can be trading an be investing in bitcoin at the same time and you are viewing it as stream of income. So how would you advise a low income earner to go about this because as longer am concerned you are not investing rather you are trading. The advice is really discouraging  and misleading not just to a newbie because trading and investing in bitcoin is not possible, talk less of viewing it as a different stream of income.

[JayJuanGee]

Of course, people can come to bitcoin with a shorter commitment, and then evolve into an investor... since maybe right when a person starts they don't need to commit to 4-10 years, but if they want to be an investor rather than a trader then they should commit to 4-10 years or longer, and surely many of us bitcoiners consider bitcoin as a investment rather than a trade...  (even though people do trade bitcoin, which they have a right to do, and they may well even make money off of it, even though many bitcoiners consider trading as a wrong approach and a wrong mindset in regards to bitcoin)...and bitcoin does not care.. you can do whatever you like, even dumb shit.

Considering Bitcoin as an investment can be a good decision for an investor to fulfill his expectations. They have the right to short-term trading, but they should keep in mind that considering long-term investment is a bridge to financial success. The consideration is that if someone chooses the easy method of saving Bitcoin from disposable income every week or month, they will accumulate a huge amount within 4-10 years along with the maintenance of the family and through a very simple process.
The consideration that short-term trading is is at the level of being driven by the risk of trading. If we consider that a trader starts trading, he will have to try to get a large holding and it is equivalent to sinking his capital into an uncertain trade. He can lose its value immediately and is mentally depressed which is the main feature of the risk of short-term trading. That is why wrong consideration works among them and greedy tends to get more profit in the short term.

I think that my main point is that newbies to bitcoin can get started in bitcoin with all kinds of dumb ideas, yet if they get started into bitcoin, they might be able to learn that bitcoin is better as an investment rather than a trade and they can learn how to set up their bitcoin investment systems, including improving on their cashflow management systems.  They do not to work out all of their dumbness and their wrong thoughts about bitcoin prior to getting started in bitcoin.  They can start, learn on their own and hopefully end up learning and coming to better conclusions based on their arriving at better understandings of bitcoin.

There are so many things to learn about bitcoin, so it tends to take a long time to learn, and sure some folks learn faster than others, yet people still have to learn at their own pace, including that merely because people are smart in other areas does not necessarily mean that they are going to figure out bitcoin faster than someone who may be way less educated and/or experienced.  Sometimes people with a lot of knowledge and experience are less motivated to learn about bitcoin because they have various systems in their lives that are working and perhaps contributing towards their not being able to recognize and appreciate some of the powers of bitcoin including to put bitcoin into a wrong category in their own thinking, and then becoming blinded by their thinking that they understand bitcoin, even though they don't hardly have any clues because they put bitcoin in the wrong category.

You are throwing around terms and I am not really sure what you mean.

I have tried to explain here that newbies and small investors may have limited amount of money to start with and if we keep advising him to keep at least 3-6 months of backup fund, it may be difficult for him to trust in investing. He is already a bit skeptical about investing when he starts and it may take some time to naturally gain confidence. Gradually, as he keeps on strengthening his efforts for decent status and becomes more enthusiastic about backup fund and his main objective will be to increase the level of security as the Bitcoin stash grows. At least he will start stashing with any amount.

Ok.. yeah, getting started with whatever amount works, and the emergency fund (and other back up funds) can be built as the guy is building his bitcoin investment.  Many folks (even poor folks) will tend to have 2-6 weeks of cash that they keep as a buffer, so many folks already have some level of emergency fund.  They can build their BTC stash and their emergency cash at the same time, and perhaps once their emergency cash is equal to at least 3 months of their expenses, then they can then afford to increase the level of their aggressiveness in regards to investing into bitcoin.  Don't get me wrong, when I suggest that emergency funds need ONLY be 3 months, I am expecting that if a person has good cashflow management, he never will have to ever tap into his emergency funds unless their is an actual emergency, which means that if he also has strong cashflow management, most of his minor shortages of cash are going to be covered by other back up funds that he has outside of his emergency funds, such as back up funds that he might have for 1) buying a motorcycle, 2) buying a computer/phone  3) buying a bicycle for his daughter, 4) buying bitcoin on the dip, 5) repairing his sink, 6) taking his spouse/partner out on a special date (or trip), 7) other reasons.     So it would be quite likely that he would tap into his other backup funds before he even has to tap into his emergency funds, and if he depletes all of his other back up funds, at that point he is realizing that he is in a very tough situation, since all he has left is his emergency funds, and sure he has his bitcoin investment, but he should not be using his BTC as an emergency fund, so emergency funds would be used prior to dipping into his BTC.

[Marvelockg]

I think that my main point is that newbies to bitcoin can get started in bitcoin with all kinds of dumb ideas, yet if they get started into bitcoin, they might be able to learn that bitcoin is better as an investment rather than a trade and they can learn how to set up their bitcoin investment systems, including improving on their cashflow management systems.  They do not to work out all of their dumbness and their wrong thoughts about bitcoin prior to getting started in bitcoin. 

in a way, the beginner phase of every investor is not usually too ideal and straight forward to assume that one can just get started while everything is all figured out, the mistakes, misunderstanding of certain concept most especially as it regards seeing trading of ones bitcoin as a smart way of increasing on the quantity of our bitcoin portfolio will always come to mind but at the end, the mistakes helps build an investor stronger such that he is able to understand rightly the reason why staying disciplined to long term bitcoin investment is more preferable to any sort of short term bitcoin trading.

most times, you don't even have a clear cut investment plan at the start regarding the management of your finance and for that reason, the early phase might be associated with a slow building of one's portfolio but in the long run when one must have gathered some level of experience, it becomes easy to make good provision for emergency fund, increase on ones earning and put things in place based on your kind of investment circumstances so you can comfortably carry out your investment at ease.

They can start, learn on their own and hopefully end up learning and coming to better conclusions based on their arriving at better understandings of bitcoin.

absolutely,
the knowledge you acquire on your own by reason of the practical experience you have seen as an investor will stick really well to you for a long time and place you in a position of making a better investment decision in the future. but then, to avoid learning some investment lessons the hard way, it is only best to learn from experience investor that have been in the system long enough and can give advice based on their wealth of experience.

waiting to buy only at DIP and trying out some trading always look like the best buying decision theoretically but from experience and doing a well-thought-out comparison of those method to doing DCA for the long term shows that there are far more advantages with long term investment to some short-term tricks that might trick you down in the end.

[Scarlett_23]

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.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

[Zackz5000]

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.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of  Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.

You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.

Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

There is nothing wrong for an investor who has hold bitcoin for 10-20 years when he decides to sell little part of his bitcoin holding as long as he is not selling all because he will definitely make some profit from it if he was able to accumulate enough Bitcoin through those years I don't think he will regret selling at that point, there are folks who has accumulated enough Bitcoin and has gotten to their accumulation stage may decide to sell and that doesn't make them to be a trader because they have been buying Bitcoin and hodling for long 10-20 is enough for one to sell if he/she decide as long as they are not selling all bitcoin.

[DaNNy001]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.