Buy Buy Buy or Sell Sell Sell?

[Lembo69]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride.  Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon).   They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

Everyone in the world, rich and poor, wants to make a profit. Everyone wants to improve their position. And those who are involved or investing in Bitcoin, all want to be profitable and rich after a long time. The type of savings is different for each expert in the field. Just as a Bitcoin investor follows the DCA method of holding and other methods for savings, and makes all efforts to be successful in investment, he also needs to maintain his emergency fund so that he does not face any problems in the future. He has to invest while keeping his physical, mental and physical life system in good shape. I think this is the best way to keep the investment going and the alternative investment system for them. A negative person will always think, how can he invest in any way and in any way, he will benefit after a long time. But those who trade with Bitcoin like gambling do not need funds and do not need a wallet, but the ideal of a dedicated investor is to invest for a long time, 4-10 years, only then will he be able to earn a large profit in cash.

[Joy- maker]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we call investors, their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

[Zackz5000]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

[Tamaperdana]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Yes, this thread aims to discuss bitcoin investment and good buying strategies. But in my personal opinion, maybe Joy Maker doesn't know the difference between bitcoin and crypto, so he equates crypto with bitcoin. That's why in his posts he uses the word crypto more than the word bitcoin. But I think the content of Joy Maker's post is quite good too. Because he said it is better to be an investor than a trader and I really agree with his opinion. Because it is true that being a Bitcoin investor is better than being a trader. Because being a trader has greater risks than being a bitcoin investor. Therefore, in the future Joy Maker must change the crypto vocabulary to bitcoin, if it wants to discuss bitcoin. Because the word crypto is too general, because there are so many cryptos and they have different names.

[Ruttoshi]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Bitcoin is the only cryptocurrency that a newbie should invest in because, only bitcoin is promising and has the potential to increase your investment in future as long as you buy and hodli as you keep on increasing your bitcoin portfolio overtime to a good size. When you use the word crypto, it can be misleading to newbies like you who are reading this thread, because if it's not bitcoin, it's shitcoins and majority of investors do get scammed from shitcoin.

Imagine, you telling your friends or people around you with no knowledge on bitcoin to invest in crypto, they will feel that you are talking about any coin and they can end up buying shitcoins, this is why I only invest in bitcoin, so that I don't have any business to talk about shitcoins, because I have been scammed earlier when I got into the cryptospace by these shitcoins dev.

[Zackz5000]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Yes, this thread aims to discuss bitcoin investment and good buying strategies. But in my personal opinion, maybe Joy Maker doesn't know the difference between bitcoin and crypto, so he equates crypto with bitcoin. That's why in his posts he uses the word crypto more than the word bitcoin. But I think the content of Joy Maker's post is quite good too. Because he said it is better to be an investor than a trader and I really agree with his opinion. Because it is true that being a Bitcoin investor is better than being a trader. Because being a trader has greater risks than being a bitcoin investor. Therefore, in the future Joy Maker must change the crypto vocabulary to bitcoin, if it wants to discuss bitcoin. Because the word crypto is too general, because there are so many cryptos and they have different names.

It is better now he figured out different between bitcoin and crypto so he can stop using the Crypto in bitcoin discussion thread so that he won't get other newbies here confused, distracted or lead them to investing in to shitcoins believing it is bitcoin.

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Bitcoin is the only cryptocurrency that a newbie should invest in because, only bitcoin is promising and has the potential to increase your investment in future as long as you buy and hodli as you keep on increasing your bitcoin portfolio overtime to a good size. When you use the word crypto, it can be misleading to newbies like you who are reading this thread, because if it's not bitcoin, it's shitcoins and majority of investors do get scammed from shitcoin.

Imagine, you telling your friends or people around you with no knowledge on bitcoin to invest in crypto, they will feel that you are talking about any coin and they can end up buying shitcoins, this is why I only invest in bitcoin, so that I don't have any business to talk about shitcoins, because I have been scammed earlier when I got into the cryptospace by these shitcoins dev.

Bitcoin is not a cryptocurrency don't mislead newbies here bitcoin is bitcoin while shitcoins is shitcoins moreover this is a bitcoin discussion thread so you can take your Crypto elsewhere.

Unless you are advising investor or newbies not to invest into shitcoins rather than bitcoin investment which their discretionary income and hodl bitcoin for long either using the DCA strategy to stack bitcoin buying either weekly or monthly and hodl rather than fucking around shitcoins.

[Ruttoshi]

 

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Yes, this thread aims to discuss bitcoin investment and good buying strategies. But in my personal opinion, maybe Joy Maker doesn't know the difference between bitcoin and crypto, so he equates crypto with bitcoin. That's why in his posts he uses the word crypto more than the word bitcoin. But I think the content of Joy Maker's post is quite good too. Because he said it is better to be an investor than a trader and I really agree with his opinion. Because it is true that being a Bitcoin investor is better than being a trader. Because being a trader has greater risks than being a bitcoin investor. Therefore, in the future Joy Maker must change the crypto vocabulary to bitcoin, if it wants to discuss bitcoin. Because the word crypto is too general, because there are so many cryptos and they have different names.

It is better now he figured out different between bitcoin and crypto so he can stop using the Crypto in bitcoin discussion thread so that he won't get other newbies here confused, distracted or lead them to investing in to shitcoins believing it is bitcoin.

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Bitcoin is the only cryptocurrency that a newbie should invest in because, only bitcoin is promising and has the potential to increase your investment in future as long as you buy and hodli as you keep on increasing your bitcoin portfolio overtime to a good size. When you use the word crypto, it can be misleading to newbies like you who are reading this thread, because if it's not bitcoin, it's shitcoins and majority of investors do get scammed from shitcoin.

Imagine, you telling your friends or people around you with no knowledge on bitcoin to invest in crypto, they will feel that you are talking about any coin and they can end up buying shitcoins, this is why I only invest in bitcoin, so that I don't have any business to talk about shitcoins, because I have been scammed earlier when I got into the cryptospace by these shitcoins dev.

Bitcoin is not a cryptocurrency don't mislead newbies here bitcoin is bitcoin while shitcoins is shitcoins moreover this is a bitcoin discussion thread so you can take your Crypto elsewhere.

Unless you are advising investor or newbies not to invest into shitcoins rather than bitcoin investment which their discretionary income and hodl bitcoin for long either using the DCA strategy to stack bitcoin buying either weekly or monthly and hodl rather than fucking around shitcoins.

You are funny mate... Your problem is that you don't read and take your time to digest the information in what you read before jumping to post what you already have in your head. If bitcoin is not digital currency(cryptocurrency), then bitcoin is what. Is bitcoin stock, bond, gold or landed property. Go back and read about bitcoin because I don't know the category of asset bitcoin falls under to you.

If you read my post, you will see that I made my explanation clearer and I never hyped shitcoins, instead I was specific on the word bitcoin.

[SuperBitMan]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Yes, this thread aims to discuss bitcoin investment and good buying strategies. But in my personal opinion, maybe Joy Maker doesn't know the difference between bitcoin and crypto, so he equates crypto with bitcoin. That's why in his posts he uses the word crypto more than the word bitcoin. But I think the content of Joy Maker's post is quite good too. Because he said it is better to be an investor than a trader and I really agree with his opinion. Because it is true that being a Bitcoin investor is better than being a trader. Because being a trader has greater risks than being a bitcoin investor. Therefore, in the future Joy Maker must change the crypto vocabulary to bitcoin, if it wants to discuss bitcoin. Because the word crypto is too general, because there are so many cryptos and they have different names.

It is better now he figured out different between bitcoin and crypto so he can stop using the Crypto in bitcoin discussion thread so that he won't get other newbies here confused, distracted or lead them to investing in to shitcoins believing it is bitcoin.

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Bitcoin is the only cryptocurrency that a newbie should invest in because, only bitcoin is promising and has the potential to increase your investment in future as long as you buy and hodli as you keep on increasing your bitcoin portfolio overtime to a good size. When you use the word crypto, it can be misleading to newbies like you who are reading this thread, because if it's not bitcoin, it's shitcoins and majority of investors do get scammed from shitcoin.

Imagine, you telling your friends or people around you with no knowledge on bitcoin to invest in crypto, they will feel that you are talking about any coin and they can end up buying shitcoins, this is why I only invest in bitcoin, so that I don't have any business to talk about shitcoins, because I have been scammed earlier when I got into the cryptospace by these shitcoins dev.

Bitcoin is not a cryptocurrency don't mislead newbies here bitcoin is bitcoin while shitcoins is shitcoins moreover this is a bitcoin discussion thread so you can take your Crypto elsewhere.

Unless you are advising investor or newbies not to invest into shitcoins rather than bitcoin investment which their discretionary income and hodl bitcoin for long either using the DCA strategy to stack bitcoin buying either weekly or monthly and hodl rather than fucking around shitcoins.

You are funny mate... Your problem is that you don't read and take your time to digest the information in what you read before jumping to post what you already have in your head. If bitcoin is not digital currency(cryptocurrency), then bitcoin is what. Is bitcoin stock, bond, gold or landed property. Go back and read about bitcoin because I don't know the category of asset bitcoin falls under to you.

If you read my post, you will see that I made my explanation clearer and I never hyped shitcoins, instead I was specific on the word bitcoin.

You are right that Bitcoin is a digital currency and if one calls it that he or she is still on the right track and cryptocurrency is the general name for all crypto coin which means Bitcoin is also a cryptocurrency however there has been a lot of misconception when it comes to bitcoin and shitcoins some newbies thinks because this two are cryptocurrency they are the same and has the same abilities which is not true Bitcoin and shitcoins are not the same in many ways and that is why in this thread we don't want to even mention cryptocurrency so any newbie that comes to this thread to learn about Bitcoin will understand that Bitcoin is the only coin that should be invested in, one thing that not mentioning crypto or cryptocurrency here helps with is it removes confusion from newbies, I have seen someone saying he bought cryptocurrency and he believed any coin he buys has the abilities with Bitcoin, this is a total misconception to avoid this is better we don't mention crypto in this thread because the more we mention it the more we confuse and mislead newbies.

[G_Besar]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Not all traders always make a profit every day even though they are good enough at reading market conditions and also have good technical and fundamentals. Because trading is a job that has a pattern of increasing and decreasing at all times so it is always quite difficult to make a profit every day even though if calculated weekly there may still be more profit than loss. That is why some people prefer to be long-term investors because they do not have to face market conditions every day after they buy the amount they can afford at a certain time.

[Joy- maker]

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.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various  timelines, as I discuss in my sustainable withdrawal thread.

So for example, if your goal is to have 21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the  extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.

You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric  can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.

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.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment.  If for some reason they cannot control their temptation to trade, then maybe they should limit their trading  to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit  themselves,  and when trading there tend to be slippery  slopes of wanting to do more and more and  more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.

Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can  still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is  responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't.  Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper? 

Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be  holding its value as  well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

bitcoin is not a get rich quick there is no place that it was stated that if you invest in bitcoin that we get rich quick please be guided, and education is not essential for you  to be able to make finacial decisions when it comes to investing in bitcoin, just have a little knowledge about it you are good to go.

[Olatundespo]

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

You don't  need to be so  extreme in your example Sticky Bomb.  These days guys  (even in the west) could get into  entry level fuck you status with merely 18.17 BTC. Of course, other parts of the  world may not need that much, and even in the west a person might want to have a bit morecushion or a higher standard of living, but  there is no need to suggest that a person  needs anywhere close to 50,000 BTC, or 5,000 BTC or even 500 BTC to be more than comfortably in a kind of BTC level that would provide more than enough for sustainable withdrawal and living a pretty high standard of living, including 50 BTC surely could also be considered more than enough to rest assured.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

we can't continue talking about the past when we have the present and future to deal with, to the best of reality, bitcoin is not going down and buying bitcoin at the present will position us in a good place in the future when bitcoin must have gone past this phase and range of prices.

even if we are not sure if bitcoin will in the future get to the kind of height it has gotten to at the present with respect to it time of little beginning, wailing about the past and refusing to buy while anticipsting the future will only lesd us to future regrets again.

You are correct.  Fantasizing about the past seems a bit meaningless, as compared to guys figuring out their today strategies and then working on applying their strategies to their own real world circumstances and/or limitations.

One thing about worrying about the past is that we also miss the present and put the future in a big mess. Bitcoin is a mask-coin, in the sense that it can rise to ATH in a space of time. Knowing that you are accumulating for the future changes our approach to bitcoin investment and makes you feel you are not doing enough and will serve as puss to the investor.

Bitcoin going from 68k to over 100k in a space of less than 4 months is   already a big source of hope to every investor both newbies and legendaries.

In no sense you should not call Bitcoin a mask coins. Bitcoin is a store of value and an investment. You don't need to worry about the past price of Bitcoin, you should consider current and future investments and deposit regularly. You can experience and be inspired by past values and use them to plan for the future. By investing in Bitcoin, you will not worry about the future. Bitcoin investment will provides you with a secure future. There is no need to show the need for a strategy different from your surrounding perspective when it comes to investing. Bitcoin should be accumulation from discretionary income and easily reach your desire point.
Desire point should be 4-10 years or more as your financial capacity.

[Joy- maker]

What's your take on this? Given the period we're in is it buy time or sell time?

I want to believe that you are referring to bitcoin. Therefore, if you think long term, you are in the buy and hold period. If you think short term you are in the panic and sell period.

This is the best way I can think of it.

that's is not the way if you are referring to bitcoin only day traders we think that this is the period for them to make profit, as an investor this is the period you keep buying and holding for long term.

[cryptoWODL]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Most of the time we see many new and inexperienced investors mentioning the word crypto in threads discussing Bitcoin investments. We may have mentioned a few times before that they should read the history of Bitcoin properly so that they don't get confused by using the word crypto with Bitcoin. The history of Bitcoin clearly states that no one can control Bitcoin, which should make it clear that Bitcoin and crypto are not the same. Because crypto can be controlled by anyone, meaning anyone can create it, perhaps this is the easiest distinction to make to explain to them that this two can never be the same.

[Joy- maker]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Most of the time we see many new and inexperienced investors mentioning the word crypto in threads discussing Bitcoin investments. We may have mentioned a few times before that they should read the history of Bitcoin properly so that they don't get confused by using the word crypto with Bitcoin. The history of Bitcoin clearly states that no one can control Bitcoin, which should make it clear that Bitcoin and crypto are not the same. Because crypto can be controlled by anyone, meaning anyone can create it, perhaps this is the easiest distinction to make to explain to them that this two can never be the same. Those who are still unable to understand it, they may be completely ignorant.

The mistake I did by using the word crypto was not really intentional should I call it typing error or I don't know at least the mistake have been noted for next time learning is a continous process.

[MainIbem]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

We are not talking about crypto in this thread but bitcoin so don't get your self distracted for we hardly give too much concern on shitcoins or even to involve in them and also try to figure out the difference between bitcoin and shitcoin so it's better you learn bitcoin and master how to use the word bitcoin instead of using the vague word crypto.

Most of the time we see many new and inexperienced investors mentioning the word crypto in threads discussing Bitcoin investments. We may have mentioned a few times before that they should read the history of Bitcoin properly so that they don't get confused by using the word crypto with Bitcoin. The history of Bitcoin clearly states that no one can control Bitcoin, which should make it clear that Bitcoin and crypto are not the same. Because crypto can be controlled by anyone, meaning anyone can create it, perhaps this is the easiest distinction to make to explain to them that this two can never be the same. Those who are still unable to understand it, they may be completely ignorant.

The mistake I did by using the word crypto was not really intentional should I call it typing error or I don't know at least the mistake have been noted for next time learning is a continous process.

Yeah that's cool, it's a good thing you took corrections immediately instead of trying to start up an argument, it's shows you're very open to learning and am impressed of how you acknowledged learning as a continuous process which is very applicable to the forum, just take your time to learn important things in this thread from Jay and other members with a vast knowledge when it comes to Bitcoin and trust me, in the near future you'll get more knowledge about Bitcoin and should be able to direct people through the right part when they're making wrong statements or misleading people towards the wrong direction of Bitcoin investment. Anyways Bitcoin is a Cryptocurrency, the word Crypto is a general name for all digital currencies with Bitcoin included, so when you say Crypto or Cryptocurrency it means you're generalizing instead of pointing out the main Cryptocurrency that's discussed about in this thread which is (Bitcoin) take note of that incase of next time, and always cross-checked before posting so you won't give the excuse of a typo error next time.

[Odohu]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Not all traders always make a profit every day even though they are good enough at reading market conditions and also have good technical and fundamentals. Because trading is a job that has a pattern of increasing and decreasing at all times so it is always quite difficult to make a profit every day even though if calculated weekly there may still be more profit than loss. That is why some people prefer to be long-term investors because they do not have to face market conditions every day after they buy the amount they can afford at a certain time.

Why do we bother about trading and making profits when we know that buying and holding is the best approach to Bitcoin? Now you agreed that trading is such that you can make profits or lose your capital, is this not the same as gambling? Why gamble with your investment funds? I understand that many people come from the background of trading but the knowledge which are shared here is supposed to have helped in enlightening people to know that holding is better and the most reliable way of going about Bitcoin. Consider buying and holding with your discretionary income and enjoy the peace that comes with Bitcoin.

[Sticky Bomb]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride.  Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon).   They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

Everyone in the world, rich and poor, wants to make a profit. Everyone wants to improve their position. And those who are involved or investing in Bitcoin, all want to be profitable and rich after a long time. The type of savings is different for each expert in the field. Just as a Bitcoin investor follows the DCA method of holding and other methods for savings, and makes all efforts to be successful in investment, he also needs to maintain his emergency fund so that he does not face any problems in the future. He has to invest while keeping his physical, mental and physical life system in good shape. I think this is the best way to keep the investment going and the alternative investment system for them. A negative person will always think, how can he invest in any way and in any way, he will benefit after a long time. But those who trade with Bitcoin like gambling do not need funds and do not need a wallet, but the ideal of a dedicated investor is to invest for a long time, 4-10 years, only then will he be able to earn a large profit in cash.

I'm having a headache understanding totally your viewpoint, yet I'll love to point out a contradiction I was able to spot.

A negative person who does not invest into Bitcoin is not going to benefit anything unless he turns positive and embarks on his accumulation journey. Before you benefit from Bitcoin, you must hold it in your wallet and holding it from the investor point of view means you would purchase it with your discretionary income and you'll have an accumulation target and a long-term holding plan for your investment to be very effective.

I am still doubting that traders do so because they don't need funds, and don't need a wallet. Of course before you trade you should have your Bitcoin in your wallet and traders do their trading in want of more funds. The only thing is that it's more rewarding being an investor in Bitcoin than just trading it and you stand a higher chance of succeeding in Bitcoin when you're an investor with a long-term holding plan

[Joy- maker]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Not all traders always make a profit every day even though they are good enough at reading market conditions and also have good technical and fundamentals. Because trading is a job that has a pattern of increasing and decreasing at all times so it is always quite difficult to make a profit every day even though if calculated weekly there may still be more profit than loss. That is why some people prefer to be long-term investors because they do not have to face market conditions every day after they buy the amount they can afford at a certain time.

I don't see any reason why someone should say that trading is away of make profit in bitcoin, to me traders get more lost than investors who are buying and holding for a long term, trading is more risky than investing, investing in bitcoin we give you a reasonable profit than trading, there is no way you can compare trading to investing when it come to bitcoin.

[DubemIfedigbo001]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Not all traders always make a profit every day even though they are good enough at reading market conditions and also have good technical and fundamentals. Because trading is a job that has a pattern of increasing and decreasing at all times so it is always quite difficult to make a profit every day even though if calculated weekly there may still be more profit than loss. That is why some people prefer to be long-term investors because they do not have to face market conditions every day after they buy the amount they can afford at a certain time.

I don't see any reason why someone should say that trading is away of make profit in bitcoin, to me traders get more lost than investors who are buying and holding for a long term, trading is more risky than investing, investing in bitcoin we give you a reasonable profit than trading, there is no way you can compare trading to investing when it come to bitcoin.

Trading can be attributed to a way of making short term gains for experienced traders, while inexperienced traders just waste funds unnecessarily. trading/gambling Bitcoin can still be likened to those who buy Bitcoin in bear season to make short-term profits in bull season.

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

Newbies are advised to desist from trading and channel such funds into buying and holding Bitcoin since trading is victimizing with limited knowledge, but investing into Bitcoin can be done with little knowledge and having discretionary income and you'll have nothing to loose while you learn more about Bitcoin as you advance in your accumulation journey

[Princess Leah]

Normally there are people whom we call day traders, this day traders earn is  to trade and make profit daily which required more knowledge to carry out technical and fundamental analysis, this people are the ones that belong to the buy buy buy and sell sell sell category because of price movement.
And there are also another category of people whom we investors their earns is to buy and hold for long term, nothing like buy buy buy or sell sell sell for them, weather the price is going up or down they are still buying continuously, this are people who are committed to there investment vision. You just need to have little knowledge about crypto to belong to this category, no time to stress yourself to carry out technical and fundamental analysis just stay inform that's all you need.

Not all traders always make a profit every day even though they are good enough at reading market conditions and also have good technical and fundamentals. Because trading is a job that has a pattern of increasing and decreasing at all times so it is always quite difficult to make a profit every day even though if calculated weekly there may still be more profit than loss. That is why some people prefer to be long-term investors because they do not have to face market conditions every day after they buy the amount they can afford at a certain time.

I don't see any reason why someone should say that trading is away of make profit in bitcoin, to me traders get more lost than investors who are buying and holding for a long term, trading is more risky than investing, investing in bitcoin we give you a reasonable profit than trading, there is no way you can compare trading to investing when it come to bitcoin.

Trading can be attributed to a way of making short term gains for experienced traders, while inexperienced traders just waste funds unnecessarily. trading/gambling Bitcoin can still be likened to those who buy Bitcoin in bear season to make short-term profits in bull season.

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

Newbies are advised to desist from trading and channel such funds into buying and holding Bitcoin since trading is victimizing with limited knowledge, but investing into Bitcoin can be done with little knowledge and having discretionary income and you'll have nothing to loose while you learn more about Bitcoin as you advance in your accumulation journey

I see some people linking trading to Bitcoin investment and it gets me confused cause, Bitcoin investment requires longevity while trading are for those that are impatient to wait for a longer period and are willing to risk speculating the price of other cryptocurrencies, I don't even think it would be nice to involve a coin like Bitcoin with trading cause it's very risky and one could lose everything they've been trying to achieve, the best way to maximise profits in Bitcoin investment is to buy and hold for a longer period, then buy periodically to help recover loses when their's a dip.

 Some people get the both concepts wrong and it's so misleading, it's either you choose to be a holder which is buying and holding Bitcoin for longer period or risk going into trading Alts and shitcoin but the concepts shouldn't be misinterpreted, you don't trade with Bitcoin neither is it advisable to hold shitcoins for a longer period but if anyone decides to do otherwise then the joke's on them cause it would end in regrets, except luck helps them like it does for some traders but it's not advisable especially for Newbies.