Buy Buy Buy or Sell Sell Sell?

[Barikui1]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

My exact sentiment here, because in my own opinion, you can't milk the best possible result out of your Bitcoin holdings by holding only for two circles.
If after accumulating it for ten solid years and he chooses to hold for two more circle or more so as to see how far it might goes before selling and start taking profit, it would be very much understandable, but selling off all your holdings at once after accumulating is actually not ideal in my own opinion, because to me it's like giving up all, when your breakthrough is near.

[Princess Leah]

Honestly, it is not a good idea for an investor to sell all their Bitcoin investment, which they have taken much time to accumulate, even if they made a reasonable profit for a particular time. The only good plan is to sell some portion if they have something specific to use the money for at that particular time. However, if they don’t have an immediate need for the money, it is better to continue building their Bitcoin further.

If an investor sells off all their Bitcoin just because they have made some reasonable profits, they will have to start buying again which he has no idea for about the further price of bitcoin. That would be a very poor decision. Bitcoin investment should be a lifetime investment. Once someone has reached their target level of accumulation, the best approach is to take profits when necessary and continue holding.Selling all of one's Bitcoin investment should never be the plan of a serious Bitcoin investor, especially if they aim to invest fo long time.

It would look like a waste of time, if something sell all the Bitcoin in their portfolio after holding for many years, even though it's for 10years and more, It doesn't make any sense, of course an investor has every right to sell some portions or diversify into another good profitable investment that comes up in the future but selling all makes no sense since Bitcoin investment has the potential of lasting for many year "lifetime" as you said, even though no one knows the future yet.

 Let's say Bitcoin gets to $1m in 10 - 15 years time and someone sell all their Bitcoin just because they've made lots of profits from it then Bitcoin goes to $1.5m or more such person have sold at lost and would be buying back at a higher price, situation like that is the reason why it makes no sense to sell everything in one's portfolio, something that took years to be accumulated moreover since bitcoin is a lifetime investment it shouldn't even be considered.

[Ruttoshi]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

You know sometimes when I think about how someone will spend time and resources with his patience to build his portfolio for ten years and feel is best time for him to take profits by selling all his bitcoin, when he can still keep on hodli for more years. If he sells all, he has missed a lot and will regret his actions till the rest of his life for selling too soon.

It's just like a farmer that decides to make money from farming and planted a mango tree, he took all his time to water and nurse this mango tree till it is grown and bear fruits. He was happy that finally he will reap from the fruit of his labor when he sells the fruits after harvest. The moment he harvested the fruits, he cut down the mango tree and felt that's the end of what he can get from thee mango tree.

He didn't know that mango is seasonal and from time to time the mango tree will keep bearing fruits which he can continue selling for the rest of his life. This is how bitcoin investment is, when you have reach the level of accumulation that you are satisfied with, you don't sell all but start maintaining your bitcoin investment and tap profits bit by bit once in a while till infinity. I must say that I really appreciate your sustainable withdrawal portfolio management thread because it will be helpful to a lot of us in future.

[Joy- maker]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

Honestly, it is not a good idea for an investor to sell all their Bitcoin investment, which they have taken much time to accumulate, even if they made a reasonable profit for a particular time. The only good plan is to sell some portion if they have something specific to use the money for at that particular time. However, if they don’t have an immediate need for the money, it is better to continue building their Bitcoin further.

If an investor sells off all their Bitcoin just because they have made some reasonable profits, they will have to start buying again which he has no idea for about the further price of bitcoin. That would be a very poor decision. Bitcoin investment should be a lifetime investment. Once someone has reached their target level of accumulation, the best approach is to take profits when necessary and continue holding.Selling all of one's Bitcoin investment should never be the plan of a serious Bitcoin investor, especially if they aim to invest fo long time.

I agree with you, if an investor accumulate a good portion of bitcoin on the long run of 4 to 10  years, and the investment came out to be profitable to the investor, and the investor want to sell, it is advisable to sell some portion of his or her bitcoin investment, and hold onto the rest of the portions, for bitcoin can still increase in price along the line.

But if the investor does not really have any serious emergency to settle, he or she should continue accumulating bitcoin to add up to the remain portion, for doing this the investor we still be more profitable in his or her investment journey,this is just my opinion.

For Bitcoin has not yet reach it point, it still on process, so any investor who sell off his bitcoin investment may end up regret it in the future. Because things may turn around and bitcoin price may skyrocket to the price that investors may not expect, that's why it's advisable not to sell off your bitcoin investment, but sell some portion of it and hold the rest of the portions

[POPOLUV]

Honestly, it is not a good idea for an investor to sell all their Bitcoin investment, which they have taken much time to accumulate, even if they made a reasonable profit for a particular time. The only good plan is to sell some portion if they have something specific to use the money for at that particular time. However, if they don’t have an immediate need for the money, it is better to continue building their Bitcoin further.

If an investor sells off all their Bitcoin just because they have made some reasonable profits, they will have to start buying again which he has no idea for about the further price of bitcoin. That would be a very poor decision. Bitcoin investment should be a lifetime investment. Once someone has reached their target level of accumulation, the best approach is to take profits when necessary and continue holding.Selling all of one's Bitcoin investment should never be the plan of a serious Bitcoin investor, especially if they aim to invest fo long time.

It would look like a waste of time, if something sell all the Bitcoin in their portfolio after holding for many years, even though it's for 10years and more, It doesn't make any sense, of course an investor has every right to sell some portions or diversify into another good profitable investment that comes up in the future but selling all makes no sense since Bitcoin investment has the potential of lasting for many year "lifetime" as you said, even though no one knows the future yet.

 Let's say Bitcoin gets to $1m in 10 - 15 years time and someone sell all their Bitcoin just because they've made lots of profits from it then Bitcoin goes to $1.5m or more such person have sold at lost and would be buying back at a higher price, situation like that is the reason why it makes no sense to sell everything in one's portfolio, something that took years to be accumulated moreover since bitcoin is a lifetime investment it shouldn't even be considered.

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

[Tamaperdana]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

The assumption you said may be true, but here I am talking about cold money or discretionary income. So is the money that can be obtained from stopping playing women and stopping going to clubs cold money, in my opinion the money is still hot money. Because in any case what is called cold money or discretionary income is absolutely money that is not used at all. So if the money that is usually used to have fun like playing women, I think the money used cannot be absolutely said to be cold money. So clearly investing in bitcoin with that money I think will still be less than appropriate. Because it is possible that the person wants to return to playing women and sell the bitcoins that he has bought with that money. So that's why I said that it is better to increase sources of income first so that you can have discretionary income that can be invested in bitcoin. Because basically don't be too hasty to invest in bitcoin if you don't have discretionary income, because of course if you force it, the investment will most likely not run smoothly. So it's better to take it slow but the bitcoin investment can last for a long time.

[ultrloa]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

Honestly, it is not a good idea for an investor to sell all their Bitcoin investment, which they have taken much time to accumulate, even if they made a reasonable profit for a particular time. The only good plan is to sell some portion if they have something specific to use the money for at that particular time. However, if they don’t have an immediate need for the money, it is better to continue building their Bitcoin further.

If an investor sells off all their Bitcoin just because they have made some reasonable profits, they will have to start buying again which he has no idea for about the further price of bitcoin. That would be a very poor decision. Bitcoin investment should be a lifetime investment. Once someone has reached their target level of accumulation, the best approach is to take profits when necessary and continue holding.Selling all of one's Bitcoin investment should never be the plan of a serious Bitcoin investor, especially if they aim to invest fo long time.

For thinking about selling their Bitcoin it shows lack of preparedness. Since if they take consider to set up emergency funds to make their self safe from future emergency then they would never think about selling their bought Bitcoins.

Its really a waste of time and opportunity by deciding to do it since instead of they could advance for more advance phase, here they are starting up again because they sold their holdings.

Also I don't believe they would succeed if they always act like that and don't have good financial plans towards how they deal with personal needs and investments.

Never thought about selling my Bitcoin early  and I rather choose to dump all of my altcoins receive from somewhere else rather than think about touching my Bitcoin holdings.

[Agbamoni]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I totally agree with you here. It doesn't make sense when an investor has gone through all the ups and downs for over 10 years holding their Bitcoin only to end up selling all for what. If they had made an enough profit over years, they should have taken the profits gradually making sure they still have enough Bitcoin in their portfolio to keep the investment ongoing. I expect every investor that has gone through 2 cycles of Bitcoin to be smart enough to know that Bitcoin is higher over time by now they should have known that.

Wealth is not just build buying and selling what we invest in. If we can manage our investment when it has grown we will gain wealth. But selling off all completely will only take us away from the game. However, in as much as we do know the disadvantages of not selling all our investment some investors will still make the mistake thinking they have seen the highest profit when they can get more over years and take profit gradually.

[Proty]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

The assumption you said may be true, but here I am talking about cold money or discretionary income. So is the money that can be obtained from stopping playing women and stopping going to clubs cold money, in my opinion the money is still hot money. Because in any case what is called cold money or discretionary income is absolutely money that is not used at all. So if the money that is usually used to have fun like playing women, I think the money used cannot be absolutely said to be cold money. So clearly investing in bitcoin with that money I think will still be less than appropriate. Because it is possible that the person wants to return to playing women and sell the bitcoins that he has bought with that money. So that's why I said that it is better to increase sources of income first so that you can have discretionary income that can be invested in bitcoin. Because basically don't be too hasty to invest in bitcoin if you don't have discretionary income, because of course if you force it, the investment will most likely not run smoothly. So it's better to take it slow but the bitcoin investment can last for a long time.

Such set of person can not be able to hold bitcoin for a longer term even if they decide to work on there source of income since they prioritise pleasure than investing.longer term investment in bitcoin requires discipline and since they lack such whenever the urge to pleasure the body arises and it happens they have exhausted all the fiat the next thing is for them to dips hands into there bitcoin investment. I have not seen an undispline person that is a long term holder , holding bitcoin for a longer term requires discipline even when the emergency funds is there without discipline and high risk tolerance it will be impossible to hold bitcoin for a long term.so as an investor we need to check mate those unnecessary liabilities that we are always acquiring which we can stay without it having any effect on daily lives and use the money to increase our discretionary income.

[Shadiq]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

The assumption you said may be true, but here I am talking about cold money or discretionary income. So is the money that can be obtained from stopping playing women and stopping going to clubs cold money, in my opinion the money is still hot money. Because in any case what is called cold money or discretionary income is absolutely money that is not used at all. So if the money that is usually used to have fun like playing women, I think the money used cannot be absolutely said to be cold money. So clearly investing in bitcoin with that money I think will still be less than appropriate. Because it is possible that the person wants to return to playing women and sell the bitcoins that he has bought with that money. So that's why I said that it is better to increase sources of income first so that you can have discretionary income that can be invested in bitcoin. Because basically don't be too hasty to invest in bitcoin if you don't have discretionary income, because of course if you force it, the investment will most likely not run smoothly. So it's better to take it slow but the bitcoin investment can last for a long time.

For the type of person you are talking about, to survive and succeed in investment, you do not only have to work with the source of income, but you also have to be disciplined as a person. No source of income will be prudent for a person who is busy with enjoyment, because even if his income increases, his needs will continue to increase. Such a person will keep himself busy only for enjoyment.
Before entering into investment, you need to give up some bad habits. Investing is not only about having money, you also need to be patient and make sacrifices. If you still cannot give yourself up from negative activities or negative enjoyment, then maybe investment is not suitable for you yet, sorry! You are not suitable for investment. There is no unnecessary money for people who are addicted to various negative enjoyments and choosing investable money is one of the most difficult tasks for them.

To make yourself suitable for investment, you need to learn to give up bad habits and learn to save money spent on unnecessary activities. I repeat, at the beginning of investing, you need to learn to carry an ideal personality. Patience, sacrifice, self-control, a strong planner, being disciplined and being firm towards the goal are the ideal qualities of an investor. I think it is very important to have these in an investor.

[Derekfunds]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

In as much as the very first thing that will come from someone who is a businessman, an investor etc is discipline, that doesn't mean that womanizing should or will be a factor. Every body has there own way of doing things and so womanizing, clubbing etc shouldn't be a factor or make one not to invest properly or well in there investment or business but this can only be a factor when all your mind and focus in on these... Mentioned above. I have a friend who likes woman and clubbing but when it comes to his business, investment he doesn't joke or play with it. Anyone who can not do these and still focus then they should flee from it.

[Tonimez]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I totally agree with you here. It doesn't make sense when an investor has gone through all the ups and downs for over 10 years holding their Bitcoin only to end up selling all for what. If they had made an enough profit over years, they should have taken the profits gradually making sure they still have enough Bitcoin in their portfolio to keep the investment ongoing. I expect every investor that has gone through 2 cycles of Bitcoin to be smart enough to know that Bitcoin is higher over time by now they should have known that.

Wealth is not just build buying and selling what we invest in. If we can manage our investment when it has grown we will gain wealth. But selling off all completely will only take us away from the game. However, in as much as we do know the disadvantages of not selling all our investment some investors will still make the mistake thinking they have seen the highest profit when they can get more over years and take profit gradually.

It is a better strategy taking profits after hodling for 4-5 years of your bitcoin accumulation. For at least over the next 4-5 years again. Investment is supposed to be continuous at all time. Withdrawal of all your bitcoin after a period of time can bring you to an abrupt stop in bitcoin accumulation. However you're not obligated to withdraw part of your profit after the said time if you still want to hold further. Moreso, bitcoin investment is a future investment and best describes retirement plan. It won't be so advisable to withdraw when you still have other sources of income. The goal is accumulating the much possible amount of bitcoin anyone can afford over time. The more you tend to regulate your withdrawal and remove your profits, the more you loose your assets.

Investing by DCA and Discretionary income can help you take off your mind from your bitcoin wallet which ythe only way you can be able to Hodl for long. Instead of spending time and energy trying to convince someone to Hodl for long, same energy should be channeled on letting them understand why they should only invest with discretionary income and best by DCA. By so doing, beginners won't have any reason to withdraw their bitcoin before long.

[Btcdeybodi]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

Honestly, it is not a good idea for an investor to sell all their Bitcoin investment, which they have taken much time to accumulate, even if they made a reasonable profit for a particular time. The only good plan is to sell some portion if they have something specific to use the money for at that particular time. However, if they don’t have an immediate need for the money, it is better to continue building their Bitcoin further.

If an investor sells off all their Bitcoin just because they have made some reasonable profits, they will have to start buying again which he has no idea for about the further price of bitcoin. That would be a very poor decision. Bitcoin investment should be a lifetime investment. Once someone has reached their target level of accumulation, the best approach is to take profits when necessary and continue holding.Selling all of one's Bitcoin investment should never be the plan of a serious Bitcoin investor, especially if they aim to invest fo long time.

You're right mate, some people just invest with the mentality of selling off all their investment when some profits has been realized and that is why some bitcoin investors failed and find themselves in difficult situations since their plan is to sell all their bitcoins when they have gotten some profits with the plan that after they sell, they will rebuy when the price is cheaper but they forget to know that the price may not go beyond the price the sold which then means that instead of part of their money to still be in bitcoins, it will be in Fiats while waiting for a DIP which can lead the money to suffer depreciation in value due to inflation and that is why on no account should an investor sell all their bitcoin hoping to buy again if the price falls. Bitcoin is not a stable coin whereby you will meet the price at same point all the time, bitcoin is volatile of which the price can skyrocket to any level and you lose interest in buying again since you will consider the price as too high.

[JayJuanGee]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I think people are mistaken that range you recommended for the right time to sell even when it should be a range should expect to see significant growth in their Bitcoin value and not necessarily a time to sell, this being how I understood it. Most people buy Bitcoin today and next day they want to see it double or let's say rise significantly but when that does not happen, they feel bad and sometimes are prompted to sell and leave especially when they put money they cannot leave in Bitcoin for a long period of time. However, if such person can hold for at least 4-10 years, then the chances that they would have seen their Bitcoin appreciate so much, base one what we have seen about the market cycle occasioned by Bitcoin halving of 4 years. The 10 years in the range covers two cycles and the more the number of cycles an investor holds, the higher the chances of seeing significant growth in the investment. I think this is my understanding of the 4-10 years suggestion. If I missed something or made a mistake, kindly correct me.

For sure, I am have been trying to suggest parameters to begin to think about minimum timeline for investing into bitcoin, and surely there is no real way to know all of the particulars of any given person, and surely each person has to decide for himself if he is engaging in investing or trading, and if he can figure out ways to incorporate bitcoin into his life after investing into it for 4-years or longer.

Yes, people can treat bitcoin as a long-term trade, and end up spending 4-10 years or longer building up their bitcoin holdings in order to sell, which surely does seem short-sighted, yet there is nothing that we are going to be able to do in order to get folks into an investing rather than trading kind of a mindset.

Surely, there are some folks with Age and/or health considerations that would not necessarily be able to commit towards investing into bitcoin for long periods of time, such as more than 10 years, but they may be able to commit to something like 4-10 years and then just see how it goes in terms of their cashflow and if they might start to need the money within 4-10 years rather than being able to hold onto their bitcoin investment longer.

If someone is DCA and/or lump sum investing into bitcoin for their first whole cycle, and then at some point comes to the realization that each of their new buys are not able to have at least  4-year timeline for the investment, then they may well consider either reducing their investment or to discontinue adding new money into bitcoin.  Each new money that is invested into bitcoin should have a 4-10 year or longer timeline, otherwise it might be considered as trading rather than investing.. and sure if someone has already been establishing their bitcoin stack for a long time, they might be in an o.k. position to keep adding to their bitcoin stash, even if their newest of additional value might not be able to have a 4 year or longer timeline to it.

Ultimately, if someone is investing into bitcoin for a while, they also may well have other investments that help to inform their approach to bitcoin, and if they get into stqges that they are spending from their investments, then they should have priorities in terms of which investments to spend from first, or maybe they chip away at portions of various investments.  

Let's say that a person needs (or wants) right around $6,666 per month ($80k per year), and if he has 5 different investment assets that are liquid or quasi-liquid, he may well plan around the assets and withdraw in proportion to each in the order of their allocation: 25% bitcoin, 15% properties, 15% stocks, 15% commodities, 15% bonds, 15% cash and cash equivalents.  He could potentially cash out in equal proportions, or maybe if some of them have liquidity obstacles, he might choose to cash out in chunks of various amounts.

Many of us might well realize that our bitcoin is the most important one, so we may well cash out of the other assets prior to cashing out of bitcoin, or maybe we do not even have very much value being held in non-bitcoin assets, so our holdings might look like this: 75% bitcoin, 5% properties, 5% stocks, 5% commodities, 5% bonds, 5% cash and cash equivalents.

Surely, there are a variety of ways that we could be allocated, and surely stocks in properties might well be way more liquid than actual ownership of property, and even if we were to have some property that is shared ownership, we might not be able to get any of the others to buy us out of our share, which would then become quite illiquid and possibly not something that we might want to be considered to be part of our quasi-liquid assets.

My own valuation of bitcoin holdings does allow a higher withdrawal rate from it (10% from the valuation of the 200-WMA dollar value), once the investor might get to that stage of wanting to withdraw and/or starting to live off his investments and even potentially quitting jobs or having some of his work-related cashflows dry up, which might not even be completely by choice, and surely I consider the bitcoin portion of the investment to be the one that should be allowed to grow the most (and to be cashed out at the slowest rate - meaning to cash out of other investments prior to cashing out of bitcoin), yet not everyone is going to find themselves in a situation in which they are able to pick and choose from which of the assets to start to withdraw once they get to that withdrawal stage, which also might go to show that they had miscalculated if they were calculating that they could withdraw from any of their investments at any time that they would want to withdraw, and surely if some of their assets are way less liquid than they had presumed those assets to be, then BIGGER questions might develop when it comes time to start to try to live off of the value of the assets...and to figure out if they are liquid enough or that they have sufficient value in assets that are able to be cashed out of.

Another reason to have various cushions within assets that are needed prior to entering in to a withdraw phase is to make sure that enough assets, and/or more than enough assets are present in order that the withdrawal rates are going to be able to be sustainable in practice (not just in theory).

[edited out]

I totally agree with you here. It doesn't make sense when an investor has gone through all the ups and downs for over 10 years holding their Bitcoin only to end up selling all for what. If they had made an enough profit over years, they should have taken the profits gradually making sure they still have enough Bitcoin in their portfolio to keep the investment ongoing. I expect every investor that has gone through 2 cycles of Bitcoin to be smart enough to know that Bitcoin is higher over time by now they should have known that.

Wealth is not just build buying and selling what we invest in. If we can manage our investment when it has grown we will gain wealth. But selling off all completely will only take us away from the game. However, in as much as we do know the disadvantages of not selling all our investment some investors will still make the mistake thinking they have seen the highest profit when they can get more over years and take profit gradually.

It seems that we do not need to frame our BTC holdings in terms of profits, even though sure, we are going to presume that there are decent likelihoods that after a couple of bitcoin cycles, our bitcoin holdings have good chances of being in profits..

Yet, we do not know how the future is going to play out.  We may well consider that bitcoin is amongst the best of investments currently available, and perhaps we are safe in assuming that bitcoin will remain amongst the best of investments into the future.

We build our bitcoin stack while considering possibilities and perhaps assessing what we are doing from time to time, including whether we have reached a status of having enough bitcoin or more than enough bitcoin.  Whether we have enough bitcoin or more than enough bitcoin is likely to depend on a variety of factors that include how much we put in, how much the BTC prices have changed relative to the dollar and/or other assets and/or how much the dollar may have debased (including considering cost of living and how much bitcoin might buy us as compared with other places that we hold value).  

Frequently I like to think in terms of how many years of expenses our bitcoin value is able to pay for, which includes considerations of our historical standard of living and perhaps the extent to which our historical standard of living informs us about what standard of living we are expecting into the future.

Another aspect is that historically it appears that if we were to measure the value of our bitcoin in terms of the 200-WMA and we are considering withdrawing based on the dollar value of the 200-WMA, then we may well be able to withdraw 10% of the dollar value per year based on that rate.  So if we are expecting a $80k per year income, then based on the 200-WMA, we need to currently have at least 17.84 BTC as our starting point for that level of income.  The numbers and/or formulas may well end up changing into the future, so each of us would be responsible to figure out how many bitcoin we need, if we were going to start to sustainably withdrawal from our bitcoin stash.

I doubt that it is realistic for any of us to expect that we would go straight from our accumulation phase and into our withdrawal phase, without first passing some time within a kind of maintenance stage... So realistically if someone is a brand new investor who is investing as aggressively as he is able to, then he might spend 4-10 years or more accumulating BTC, then perhaps a whole cycle or more engaging in bitcoin maintenance strategies prior to moving into some form of sustainable withdrawal...   I doubt that it is wise to consider cashing out any bitcoin at various points along the way while we are still in our bitcoin accumulation phases, unless we are spending and replacing... If you are planning on cashing out at bitcoin at various points along the way, prior towards your reaching overaccumulation status, then you are likely delaying your arrival at overaccumulation status.

And, yeah, none of us should be expecting to be able to completely project the specifics of the path of another person since the path and the various formulas in regards to how much is enough or more than enough are likely to have some underlying evolution (the ways of measuring are not exactly static, even though building the bitcoin investment may well end up serving as the staple of building and maintaining such value that is later going to be capable of being sustainably withdrawn, no matter what level of withdrawal might become relevant to a new investor who spends 10 years or more building his bitcoin holdings and perhaps other apsect of his investment portfolio.

[As-Soon-As]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

[Churchillvv]

✂️✂️

✂️✂️

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

Sometimes when guys talk about selling I wonder what exactly they will be selling for, fiat? gold? or the stock perhaps they might mention they are selling after a long term but of course selling all your stash to hold fair that will depreciate more when more cash is printed..LOL

Guys can't be for real though, perhaps sustainable withdrawal is more is probably the most common idea anyone should be thinking of after the said 4-10 years of holding/accumulation yet I feel such people are probably not in this thread may or maybe they are yet newbies are more here.

[Wakate]

For sure, I am have been trying to suggest parameters to begin to think about minimum timeline for investing into bitcoin, and surely there is no real way to know all of the particulars of any given person, and surely each person has to decide for himself if he is engaging in investing or trading, and if he can figure out ways to incorporate bitcoin into his life after investing into it for 4-years or longer.

I think for someone who is knowledgeable enough about the crypto market and have a backup funds in place, would not just enter the market to buy and hold ignorantly and when they start having financial burdens, the next alternative will be to go back to their Bitcoin holdings and sell part or even all if the financial burden is bigger than their whole Bitcoin portfolio.  Every crypto investors need to be conversant with reading books that would help their understanding about the crypto market, not just trying to invest in cryptocurrency and make money with nothing in their head.

Yes, people can treat bitcoin as a long-term trade, and end up spending 4-10 years or longer building up their bitcoin holdings in order to sell, which surely does seem short-sighted, yet there is nothing that we are going to be able to do in order to get folks into an investing rather than trading kind of a mindset.

What I've noticed about trading is that there are more traders who are unfortunate than investors. Trading has looked like a quick way to make money just like gambling and many people who do not know how to go about their trading journey would think that majority of traders are truly making money from it. Majority of these influencers are the ones  making the most money, selling trading signals and giving out VIP signal groups for a penny. If actually they know how to trader and their strategies are working fine, I don't think they would want to sell it to the public to know their pattern of trading and secrets.
Is there anyone that would want to expose their secrets of making money to the public because of a penny? No!
It's funny actually, even Coca-Cola would never do such a thing!

Surely, there are some folks with Age and/or health considerations that would not necessarily be able to commit towards investing into bitcoin for long periods of time, such as more than 10 years, but they may be able to commit to something like 4-10 years and then just see how it goes in terms of their cashflow and if they might start to need the money within 4-10 years rather than being able to hold onto their bitcoin investment longer.

Holding Bitcoin for upto 4 years is even enough to make a significant profit but many do not know. The problem of many holders is that they don't have extra funds they could be using for clearing bills and other necessities. When there is no alternative funds, how would you be able to hold Bitcoin for too long? This is why we keep seeing the rich making more money because they have results and they are ready to take risks and invest in cryptocurrency without any panicking.
Then old and retired most time do better than the youth when it comes to holding and making proper savings.

[JayJuanGee]

For sure, I am have been trying to suggest parameters to begin to think about minimum timeline for investing into bitcoin, and surely there is no real way to know all of the particulars of any given person, and surely each person has to decide for himself if he is engaging in investing or trading, and if he can figure out ways to incorporate bitcoin into his life after investing into it for 4-years or longer.

I think for someone who is knowledgeable enough about the crypto market and have a backup funds in place, would not just enter the market to buy and hold ignorantly and when they start having financial burdens, the next alternative will be to go back to their Bitcoin holdings and sell part or even all if the financial burden is bigger than their whole Bitcoin portfolio.  Every crypto investors need to be conversant with reading books that would help their understanding about the crypto market, not just trying to invest in cryptocurrency and make money with nothing in their head.

We are not talking about shitcoin and/or crypto in this thread, so there would be no reason to try to figure out various aspects of crypto or shitcoins.

On the other hand, for any beginner to get started investing into bitcoin, there would be some needs to have some basic senses of whether or not they have discretionary income.

Investing into bitcoin should not come from money that is needed for expenses... so those are basic cashflow management practices that would be important to improve, especially for anyone who is really trying to be a bitcoin investor whoe is planing to hold onto their bitcoin for 4-10 years or longer... rather than a trader who might not have a longer timeline.

I would suggest that not very much knowledge is needed about bitcoin in the very beginning in order to get started investing, yet surely no one should be taking large position sizes in bitcoin or anything else if they do not have some level of knowledge about it.  Yet, at the same time, to get started investing into bitcoin, surely the ONLY basic thing to know would be whether the investor has discretionary income or not.  If the person has messed up finances, cashflow or cashflow management, and/or psychology, then he can fix those matters while already having had started investing into bitcoin, yet surely the newbie investor would need to figure out whether he has discretionary income to be able to get started, whether that is $100 per week or $10 per week or some other amount that he might feel is a reasonable amount to get started.

I am not going to presume people are immature, and that they can figure out some of the various basic cashflow management matters for themselves, and if they have inabilities to figure out basics, then that is on them.. .since each of us is responsible for our own actions and our level of due diligence, including our considering our own personal factors.

As far as shitcoins are concerned.. I would suggest to completely stay away from them and stay focused on learning about bitcoin first, and learning about your 9 individual factors through bitcoin investing, and if they cannot control themselves and they want to trade, gamble or to fuck around with shitcoins, then they should limit their financial, time and/or energy exposures to those matters to less than 10% the size of their financial, time, energy investment into bitcoin.

I would suggest that most people who have a discretionary income already know the extent to which they might have back up money in place that might constitute 2-6 weeks of their expenses, and sure, if they are investing into bitcoin, their back up funds become more important, especially the larger their bitcoin investment grows.  So if they might be new to investment and not used to building up an emergency fund that is at least 3 months of their expenses, they can build up their emergency fund and their investment into bitcoin at thje same time, since they should realize that they should not be wanting to touch their bitcoin at a time that is not of their own choosing, which may well be 4-10 years or longer down the road.. .

Any newbie to investing (or bitcoin) should be able to work out cashflow management systems and even various back up funds so that they will not end up touching their bitcoin at a time that is not of their own choosing and to prioritize building their bitcoin investment through various forms of buying, and so tapping into their bitcoin or selling their bitcoin should not be part of their concern, once they develop an investor's mindset and an investor's approach to their bitcoin, which yeah, they might not have that investor mindset from the very beginning, which might end up getting them into trouble in regards to making sure that they are building their bitcoin investment through buying bitcoin on an ongoing, regular, persistent and perhaps even aggressive basis, and selling any part of their bitcoin (except maybe spend and replace) should not be part of their plan, practice or anything that they inadvertently (or sloppily) fall into.

yes, they can learn as they go, and they do not need to know all things related to bitcoin investing prior to getting started, even though surely it would be better  to stay away from shitcoins and control their temptations to get into shitcoins, yet people are going to do what they want, including dumb things.

Yes, people can treat bitcoin as a long-term trade, and end up spending 4-10 years or longer building up their bitcoin holdings in order to sell, which surely does seem short-sighted, yet there is nothing that we are going to be able to do in order to get folks into an investing rather than trading kind of a mindset.

What I've noticed about trading is that there are more traders who are unfortunate than investors. Trading has looked like a quick way to make money just like gambling and many people who do not know how to go about their trading journey would think that majority of traders are truly making money from it.

It is hard to know how to suggest that folks do not get sucked into trading, and to work on building their bitcoin investment holdings first, but yeah, if they cannot resist to trade or gamble, then maybe they could at least limit their exposure to less than 10% the size of their bitcoin investment.

Majority of these influencers are the ones making the most money, selling trading signals and giving out VIP signal groups for a penny. If actually they know how to trader and their strategies are working fine, I don't think they would want to sell it to the public to know their pattern of trading and secrets.
Is there anyone that would want to expose their secrets of making money to the public because of a penny? No!
It's funny actually, even Coca-Cola would never do such a thing!

People do get sucked into trading and they don't always realize the difference between investing and trading.  We have folks coming to the forum and trying to push various trading ideas as if "anyone can do it" blah blah blah.

Surely, there are some folks with Age and/or health considerations that would not necessarily be able to commit towards investing into bitcoin for long periods of time, such as more than 10 years, but they may be able to commit to something like 4-10 years and then just see how it goes in terms of their cashflow and if they might start to need the money within 4-10 years rather than being able to hold onto their bitcoin investment longer.

Holding Bitcoin for upto 4 years is even enough to make a significant profit but many do not know. The problem of many holders is that they don't have extra funds they could be using for clearing bills and other necessities.

I think that most people should come to bitcoin thinking about investing 10 years or longer, yet sure, I frequently suggest 4 years or longer, since ther could be age or health reasons that a bitcoin newbie might come to bitcoin and have a 4-10 year timeline rather than a greater than 10 year bitcoin investment timeline.

When there is no alternative funds, how would you be able to hold Bitcoin for too long? This is why we keep seeing the rich making more money because they have results and they are ready to take risks and invest in cryptocurrency without any panicking.
Then old and retired most time do better than the youth when it comes to holding and making proper savings.

Anyone used to investing or who already has potential investment funds (including lump sum funds that they can frontload their bitcoin investment) are going to have more options than normal people who do not tend to have extra money outside of their regular income that they can put into bitcoin.

The mere fact that a rich person has advantages over poor people does not mean that the rich person will take advantage of his better financial position to invest into bitcoin.  There are plenty of rich people who are not motivated to learn about and know about bitcoin, so a poor person who is aggressively looking into bitcoin and investing into bitcoin to the best of their aggressive abilities, without overdoing it, may well be able to get advantages over those people who are either choosing not to invest into bitcoin or are taking whimpy approaches to their bitcoin investing.  There are  a lot of folks (perhaps 99% of the world's population) who still have not taken sufficient actions to start their bitcoin investment journey.  So any of us who are taking advantage and taking action to get started in our bitcoin investment are going to be advantaged over folks who are failing/refusing to act, or acting whimpy or employing waiting as their bitcoin investment strategy, meaning that they are not actually buying bitcoin on an ongoing, regular, consistent, persistent and perhaps aggressive ways.

[Barikui1]

It is a better strategy taking profits after hodling for 4-5 years of your bitcoin accumulation.  

Am really surprised that you are not learning and getting the right knowledge, first of all, you don't sell in your accumulation stage, regardless of what so ever, because it is not logical in anyway.
Secondly, holding for 4-5 year interval, and start taking profit is not investing, you are actually a trader that is selling some of your asset for minimal gains.

Investing by DCA and Discretionary income can help you take off your mind from your bitcoin wallet which ythe only way you can be able to Hodl for long. Instead of spending time and energy trying to convince someone to Hodl for long, same energy should be channeled on letting them understand why they should only invest with discretionary income and best by DCA. By so doing, beginners won't have any reason to withdraw their bitcoin before long.

Then as for this last paragraph, point of correction, investing with your decretionary income doesn't guarantee that you can be able to hold for a very long period of time, because in my own opinion, there are more measures that needs to be in place in other to be able to hold and develop a strong holding hands regardless of anything that arises in the future, which are; having a source of income and an emergency funds that can stand as a shield during an emergency situation that may arise in the future .
Investing with your discretionary income only does not defines your holding ability, it just helps you to keep your eyes off your investment for the time being, it's your source of income, emergency funds and a possible backup fund that determine your ability to hold till any season of your choice.

[knowngunman]

Any newbie to investing (or bitcoin) should be able to work out cashflow management systems and even various back up funds so that they will not end up touching their bitcoin at a time that is not of their own choosing and to prioritize building their bitcoin investment through various forms of buying, and so tapping into their bitcoin or selling their bitcoin should not be part of their concern, once they develop an investor's mindset and an investor's approach to their bitcoin, which yeah, they might not have that investor mindset from the very beginning, which might end up getting them into trouble in regards to making sure that they are building their bitcoin investment through buying bitcoin on an ongoing, regular, persistent and perhaps even aggressive basis, and selling any part of their bitcoin (except maybe spend and replace) should not be part of their plan, practice or anything that they inadvertently (or sloppily) fall into.

And this is where the problem lies...

Not only newbies but including some old folks who have been in this space for more than a decade yet they have no idea about their cash flow talk more of how to manage it. This is certainly one among the reasons we have more unsuccessful investors that end up selling off their suppose investment at inconvenient times. There is no way you won't temper with your investment if you lacked cash flow management because your cash flow guide shape your financial dealings including savings, investment and emergency funds.

Unfortunately, people have different mindset to this thing we called investment. Time frame and purpose is very vital when making investment because they are the factors that shape and prevent you from immature liquidation of your investment. Majority overlooked these two important factors and still think they have investment. Any investment that can be temper with at any moment or that's yet to attain it mature time frame or purpose is not an investment, it's save and spend sadly. I won't even advise spend and replace as they may end up not replacing it.