Buy Buy Buy or Sell Sell Sell?

[Renampun]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

[Frankolala]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

They don't just need a stable income but they need a discretionary income which from there, they can use to start investing and build their emergency funds of at least three months of their salary. Emergency funds is what you are to use to take care of real emergency when it arises so that it will prevent you from selling your bitcoin investment when it's not of your own will. You need a steady income to take care of your monthly needs and expenses and not your emergency funds.

[sotelorene]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

They don't just need a stable income but they need a discretionary income which from there, they can use to start investing and build their emergency funds of at least three months of their salary. Emergency funds is what you are to use to take care of real emergency when it arises so that it will prevent you from selling your bitcoin investment when it's not of your own will. You need a steady income to take care of your monthly needs and expenses and not your emergency funds.

Any successful investment is as a result of availability of a good source of income and emergency funds and emergency funds plays a big role in our Bitcoin investment because without emergency funds our investment won't go anywhere even if there is discretionary, because one will definitely touch his or her investment when it is not mature, emergency funds is the motor that drive our investment to the point we desired or wish and once there is problem with the motor ( emergency funds) our investment will begin to shake and as such emergency funds is something we should joke with while carrying out our Bitcoin investment.

[Issa56]

I don't see anything wrong in diversifying ones investment when you have all it takes and you have the capacity to manage your investment judiciously but it becomes wrong and bad when you don't have the capacity to do both at same time and again even if you want to diversify, your Bitcoin investment should be your priority. However, shifting focus from Bitcoin investment to shitcoin and altcoins is not advisable but in the outside world you need to try everything in order to survive.

It’s really a nice idea to diversify your portfolio, but in the process of trying to diversify their portfolio, most people do end  up making a great mistake, they do end up investing in wrong altcoins, have seen people invest in shitcoins which is really a wrong investment plan, I don’t think anyone should even plan to hold shitcoin for a long period of time, it’s totally wrong, because shitcoins are always hyped, and immediately the hype dies down, then they will never rise again, shitcoins doesn’t have any future.

If you are planning to invest, then just focus on bitcoin, and if you are planning to diversify, then do your research, and leave little amount of money in strong altcoins, altcoins that have been in market for some period of time, but avoids memecoins, and shitcoins.

[Zackz5000]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

They don't just need a stable income but they need a discretionary income which from there, they can use to start investing and build their emergency funds of at least three months of their salary. Emergency funds is what you are to use to take care of real emergency when it arises so that it will prevent you from selling your bitcoin investment when it's not of your own will. You need a steady income to take care of your monthly needs and expenses and not your emergency funds.

Any successful investment is as a result of availability of a good source of income and emergency funds and emergency funds plays a big role in our Bitcoin investment because without emergency funds our investment won't go anywhere even if there is discretionary, because one will definitely touch his or her investment when it is not mature, emergency funds is the motor that drive our investment to the point we desired or wish and once there is problem with the motor ( emergency funds) our investment will begin to shake and as such emergency funds is something we should joke with while carrying out our Bitcoin investment.

Discretionary income should be considered before an emergency fund if you have your emergency fund without your discretionary income you can't get started with your bitcoin investment because you can't accumulate with the income meant for family upkeep or use because it is from your leftover fund that you can use to accumulate Bitcoin anything outside your discretionary will be considered as gambling, am not saying that emergency fund is not important no it is but shouldn't be considered first when starting your bitcoin investment.

What makes you successful in your bitcoin investment is how constant and persistently you have been accumulating Bitcoin and how long you were also able to hodl your Bitcoin and what keeps your going is your discretionary income.

[red4slash]

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

Therefore, before we determine the right investment for us, we should first focus on our financial condition. Many are mistaken here, especially for those who are fomo where they do not have good financial management but try to hope a lot by immediately investing without realizing that their finances are not well organized, which in the end what they do becomes less than optimal (still possible but not optimal in terms of results) which leads to the failure they get.

Not a few people who are even in bitcoin but they are destroyed because they do not have good planning from the start because they do not think about their financial condition but try to be aggressive for future investments.

Although sometimes our intentions are good enough to be in bitcoin and invest in it, we still have to be aware that we have to think about financial management from the start so that in the end what we plan in the future in the investment we run is in accordance with what we expect and plan.

[Futurexxx]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

They don't just need a stable income but they need a discretionary income which from there, they can use to start investing and build their emergency funds of at least three months of their salary. Emergency funds is what you are to use to take care of real emergency when it arises so that it will prevent you from selling your bitcoin investment when it's not of your own will. You need a steady income to take care of your monthly needs and expenses and not your emergency funds.

Any successful investment is as a result of availability of a good source of income and emergency funds and emergency funds plays a big role in our Bitcoin investment because without emergency funds our investment won't go anywhere even if there is discretionary, because one will definitely touch his or her investment when it is not mature, emergency funds is the motor that drive our investment to the point we desired or wish and once there is problem with the motor ( emergency funds) our investment will begin to shake and as such emergency funds is something we should joke with while carrying out our Bitcoin investment.

Discretionary income should be considered before an emergency fund if you have your emergency fund without your discretionary income you can't get started with your bitcoin investment because you can't accumulate with the income meant for family upkeep or use because it is from your leftover fund that you can use to accumulate Bitcoin anything outside your discretionary will be considered as gambling, am not saying that emergency fund is not important no it is but shouldn't be considered first when starting your bitcoin investment.

To summarize all that have said here is that without a source of income, it's impossible to invest in Bitcoin consistently and hold for a very long time, because it's through there you stack up your emergency funds needed to protect your Bitcoin holdings after accumulating for any numbers of Year's that you have accumulated it.
But take note that your discretionary income is what you uses to invest in Bitcoin, but what makes you to be able to hold successfully is your emergency funds, not your decretionary income.

What makes you successful in your bitcoin investment is how constant and persistently you have been accumulating Bitcoin and how long you were also able to hodl your Bitcoin and what keeps your going is your discretionary income.

This statement here is quite confusing, but to the best of my knowledge what makes you to be able to invest consistently is your source of income, but what makes you to be able to hold relentlessly without selling is your emergency funds and even possibly a backup fund.

[Agbamoni]

Any successful investment is as a result of availability of a good source of income and emergency funds and emergency funds plays a big role in our Bitcoin investment because without emergency funds our investment won't go anywhere even if there is discretionary, because one will definitely touch his or her investment when it is not mature, emergency funds is the motor that drive our investment to the point we desired or wish and once there is problem with the motor ( emergency funds) our investment will begin to shake and as such emergency funds is something we should joke with while carrying out our Bitcoin investment.

You are doing a mistake somewhere. Emergency funds are typically removed from your discretionary income, same way you remove your investment funds because they are not part of the must monthly expenses to be made. However, it should be prioritized every month as it is a savings plan that lest you cover any unexpected expenses that may arise in the future. So, same way you are taking out money for your investment either through dca or whatever strategy you are using to invest you as well can save up your emergency funds.

Although you don't really need to build your emergency funds before investing you can do altogether whichever way you choose to do it. Building an emergency funds does not stops you from investing with a specific percentage and vice versa.

Discretionary income isn't just for investing only you know? You can as well get your Retirment funds, vacations savings, big purchase savings, emergency funds and investing funds. Its literally the income left from you must monthly expenses.

[Joy- maker]

...

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

why the DCA method is very good because if we buy bitcoin with a consistent amount of money every week or month then we will get the average price of bitcoin and of course our minds and mentality will be well maintained, and this will create large long-term profits, but you must always remember not to fomo in the market because buying without careful calculation will only create fatal long-term losses.

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

They don't just need a stable income but they need a discretionary income which from there, they can use to start investing and build their emergency funds of at least three months of their salary. Emergency funds is what you are to use to take care of real emergency when it arises so that it will prevent you from selling your bitcoin investment when it's not of your own will. You need a steady income to take care of your monthly needs and expenses and not your emergency funds.

Any successful investment is as a result of availability of a good source of income and emergency funds and emergency funds plays a big role in our Bitcoin investment because without emergency funds our investment won't go anywhere even if there is discretionary, because one will definitely touch his or her investment when it is not mature, emergency funds is the motor that drive our investment to the point we desired or wish and once there is problem with the motor ( emergency funds) our investment will begin to shake and as such emergency funds is something we should joke with while carrying out our Bitcoin investment.

Discretionary income should be considered before an emergency fund if you have your emergency fund without your discretionary income you can't get started with your bitcoin investment because you can't accumulate with the income meant for family upkeep or use because it is from your leftover fund that you can use to accumulate Bitcoin anything outside your discretionary will be considered as gambling, am not saying that emergency fund is not important no it is but shouldn't be considered first when starting your bitcoin investment.

To summarize all that have said here is that without a source of income, it's impossible to invest in Bitcoin consistently and hold for a very long time, because it's through there you stack up your emergency funds needed to protect your Bitcoin holdings after accumulating for any numbers of Year's that you have accumulated it.
But take note that your discretionary income is what you uses to invest in Bitcoin, but what makes you to be able to hold successfully is your emergency funds, not your decretionary income.

What makes you successful in your bitcoin investment is how constant and persistently you have been accumulating Bitcoin and how long you were also able to hodl your Bitcoin and what keeps your going is your discretionary income.

This statement here is quite confusing, but to the best of my knowledge what makes you to be able to invest consistently is your source of income, but what makes you to be able to hold relentlessly without selling is your emergency funds and even possibly a backup fund.

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

[Sonia_123]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!

Everyone who has a good knowledge of Bitcoin and who wants to hold it for the long term considers Bitcoin's dip as an opportunity. Even if we want we will not be able to buy Bitcoin at the price it was in 2020. Even the lowest price of Bitcoin is unknown. It may also be that the market is not decreasing much from the current price. And if that happens, then even though the current price is high for many, those who are buying Bitcoin regularly should definitely not miss this opportunity. If you have discretionary income as an investor, then just buy regularly without being influenced by any kind of information, which may be able to give you significant returns in the long term. Although there is no certainty of profit when investing in Bitcoin, there is a lot that can be assured for long-term investors.

It doesn't necessarily means that you can only buy more during the dip because you are investing for a long-term, you can buy more whenever you want to buy in as much as the money is available to buy or buy whatever you want to buy at the moment, what if the price of the dip is higher than before the dip, are you saying we should buy little by little before the dip and buy more within the dip,so we should save our money and wait for the dip , Bitcoin investment doesn't work that way , you buy what ever you can afford at the moment because you don't know what the price will be tomorrow, you don't hold unto your money but your investment,
In as much as you are a long-term investor of 4-10 years you should not be boarded with the price of Bitcoin at all, your reason is just keep buying and HODLing because at the end of your long-term investment it will be profitable to you.

[Agbamoni]

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

You were saying something nice until you ruin it by making that statement i highlighted in your text there. It is very possible for someone with paychecks to invest in Bitcoin as long as they pay their expenses and have some money left. TBH it is all about consistency not amount.

What is the point of dca when you can't invest with your paychecks. Let me tell you how people do invest with a paycheck through dca if you have someone like that. First when you receive your paycheck weekly or biweekly it is not compulsory to take out some percentage to invest immediately because of cost for covering fees. You can take out your expenses from your paycheck while you leave the rest till the end of the money then you calculate what is left as your discretionary income from your paycheck. That way you can invest though dca monthly after you have gathered what's left from your paycheck at the end of the month.

Have you asked yourself how those who dont received fixed salary but are into contracts job get to invest in Bitcoin? You don't necessarily need to have a monthly income before you can invest.

[Silentcursor]

and real investors also have a stable income to support their finances so that their goals are achieved, because it is feared that if they do not have stable money, they will sell when an emergency occurs.

Not a few people who are even in bitcoin but they are destroyed because they do not have good planning from the start because they do not think about their financial condition but try to be aggressive for future investments.

Although sometimes our intentions are good enough to be in bitcoin and invest in it, we still have to be aware that we have to think about financial management from the start so that in the end what we plan in the future in the investment we run is in accordance with what we expect and plan.

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

[Fara Chan]

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

If what you said is for the purpose of becoming more fluent in investing in Bitcoin, I also think that it would be very good for everyone to apply to themselves. But for those who live from paycheck to paycheck can also apply it even though they do not have other income to allocate to Bitcoin investment, because as long as someone has the desire to invest in Bitcoin, of course he will try to make it happen in some way without having to go hungry from month to month. For example, when someone starts receiving a salary from his job, he can set aside a little of his salary for investment purposes because Bitcoin can also be purchased in small amounts. This means that everyone who has a desire for it, it is better not to wait and do it as early as possible so that the time he has is not wasted just like that.

Because all of these things depend on the intention and effort of a person, not waiting to have another income first before running an investment in Bitcoin. And you can also change your mindset like that if at this time you still do not have more income and only live from paycheck to paycheck, but if you are trying to get more income for you to use specifically for Bitcoin investment, of course that is very good. However, I suggest you not to waste time waiting for it so that you can also be more hasty in realizing your own investment from now on.

[bitzizzix]

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

The source of income is the same as a salary from work or a salary received every week or month obtained from work or other people who can make money can be said to be a source of income or salary. And what needs to be known is that people who invest must have an income, a source of income or salary to cover everything in order to set aside money for investment, for emergency funds and for savings including for important needs and if there is no salary or source of income how can you do all that. And no matter how big it is if you have good financial management and good cash flow, all of that can run well even though it can only be done in small amounts. And if you can do it with discipline and consistency, all of that is not a problem, and besides that if you still feel that it is not enough, you can improve your skills to be able to make money with the aim of getting additional sources of income or looking for side jobs to cover everything. So people who invest in any form including Bitcoin must have a job that can make money, and if you don't have a job, you should try to start by looking for income by working, doing business or anything that can make money because all of that requires money so that the money can grow in the long term.

[Tonimez]

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

You were saying something nice until you ruin it by making that statement i highlighted in your text there. It is very possible for someone with paychecks to invest in Bitcoin as long as they pay their expenses and have some money left. TBH it is all about consistency not amount.

What is the point of dca when you can't invest with your paychecks. Let me tell you how people do invest with a paycheck through dca if you have someone like that. First when you receive your paycheck weekly or biweekly it is not compulsory to take out some percentage to invest immediately because of cost for covering fees. You can take out your expenses from your paycheck while you leave the rest till the end of the money then you calculate what is left as your discretionary income from your paycheck. That way you can invest though dca monthly after you have gathered what's left from your paycheck at the end of the month.

Have you asked yourself how those who dont received fixed salary but are into contracts job get to invest in Bitcoin? You don't necessarily need to have a monthly income before you can invest.

You're right about the emphasis you laid on that highlight but still deviated along the texts. In the principles of saving and investments, you don't save what is left after expenses, you spend what is left after saving. Talking about summing up your leftover funds off your paycheck may also never allow anyone invest in bitcoin because there may never be any part of the fund left to at the end.

In my own order and DCA approach, I advocate planning. Before your paycheck comes in, you already have idea of what it would be. The best is setting up your expenditure based on your NEEDS, setting aside a percentage as emergency fund and then ripping off a particular percentage as DCA which you can invest a part with. The problem is that most people always believe that their earnings is not enough which I think @Joy-maker may also belong to believe that paycheck earners don't invest in bitcoin. Investing in bitcoin is intentional and no amount is ever enough for anyone until you decide to restrict your luxuries. Invest by DCA, no matter how little. Paycheck earners and salary earners somehow has better chances of planning because they are always sure about when their income is coming and what amount is coming and can actually plan ahead.

[Bd officer]

You are very correct without a sources of income it can't be possible to invest in bitcoin,.......

If you want to invest in Bitcoin you must have a source of income, if you don't have income you won't get money, and if you don't have money you can never invest. Now try to invest what you can afford to lose from your monthly income. You should not invest more than you can afford to lose, because investing more than you can afford to lose is risky. Investing more money than you can afford to lose will make it difficult to hold for long. So experienced people recommend investing in DCA method. Investing in Bitcoin now should definitely keep an emergency fund, which will help to solve various financial problems.

[JayJuanGee]

I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it.

BTC is stable. Other coins - not so much.

Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose.

Yes, Most altcoins do not have a bright future, which is certainly different from bitcoin, which certainly has a bright future because btc is decentralized. while altcoins are not fully decentralized. so it's no wonder altcoins always claim victims.

This your statement here sounds laughable hearing it because to the best of my own understanding, it's only like 1% of alt coin that is worth investing which is enthereum or bnb, aside both of this coin, I cant even gamble on any of them, but the way you sounds, it's as if  a whooping 50% of it are reliable which is never true.

Get the fuck out of here with your claims that Ethereum and Bnb or good coins, as if you are trying to point out which shitcoins are less shitty.  That is retarded.

I don't see alt coin or meme as something worth investing in because they fail more than they rise, it's only enthereum and bnb that has proven otherwise, but the rest can never recover back to where it fell from, unlike Bitcoin that always rally back to a greater and better heights anytime it fell in price,  so taking such risk with my hard earned money in alt coin investment is actually a terrible mistake to be taking, especially when you have not even accumulated enough unit of Bitcoin, so it's best we channel all our energy and resources to a more reliable asset which is Bitcoin, than gambling on alt coin that is more of gambling than investing.

Hopefully no one is investing any more than 10% of the size of their time, money and energies into shitcoins as compared to what they have into bitcoin.  Hopefully guys are trying to learn about bitcoin first and to build investment strategies around bitcoin, yet if they are not able to resist getting involved in shitcoins/gambling.. hopefully they are able to limit it to no more than 10% the size of their bitcoin investment.. and sure,  guys are free to do what they like and gambling can become quite addictive and/or a slippery slope.. so hopefully having some kind of a firm limit helps.

[Tungbulu]

[edited out]

Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.

I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent.    Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.

Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..

I think you 10x better rule for unseating an incumbent, as well as bathe superiority of Bitcoin over several other asset classes like gold and dollar Is Undeniably flawless. I mean, if we begin to talk about the uniqueness of Bitcoin’s attributes, like the transportability, the scarcity, verifiability, divisibility and several other factors that contributes to Bitcoin’s efficiency and attractiveness as a form of money. And in addition, just as you already mentioned, Bitcoin’s digital and non physical form is also very much beneficial in so many ways.

I thinks it’s also very useful and interesting that you had just mentioned the idea of many other assets being revalued to reflect their utility value, instead of their monetary value. That’s indeed a very interesting shift and there’s no doubt that Bitcoin might just benefit from this trend, the more it is recognized and adopted by many people.
And just as you’ve also rightly stated, there are indeed several factors that may potentially influence Bitcoin’s trajectory as well as the broader financial landscape of over 50-200 years. But providing all the knowledge we already have about asset classes, it might actually be hard to argue against Bitcoin’s position as the dominant monetary asset.

This your statement here sounds laughable hearing it because to the best of my own understanding, it's only like 1% of alt coin that is worth investing which is enthereum or bnb, aside both of this coin, I cant even gamble on any of them, but the way you sounds, it's as if  a whooping 50% of it are reliable which is never true.

Get the fuck out of here with your claims that Ethereum and Bnb or good coins, as if you are trying to point out which shitcoins are less shitty.  That is retarded.

Whether ethereum or BNB or any other shitty project, I believe they’re all still full of shit and not worth investing in at all. Yeah, some of those coins might be making waves online and a lot of people are even hyping them and making them look like it’s safe to invest in them. It’ll indeed be very pitiful to fall for that crap. The fact that it’s recommended that those who can’t resist the temptation of gambling or trading these shit coins should use only 10% or less of their Bitcoin holdings to do so, doesn’t mean that we are advocating that those shitty coins are worth investing in, the best thing is to completely stay away from them totally and just focus on your Bitcoin accumulation. Nothing is more profitable than this.

[DubemIfedigbo001]

Hopefully no one is investing any more than 10% of the size of their time, money and energies into shitcoins as compared to what they have into bitcoin.  Hopefully guys are trying to learn about bitcoin first and to build investment strategies around bitcoin, yet if they are not able to resist getting involved in shitcoins/gambling.. hopefully they are able to limit it to no more than 10% the size of their bitcoin investment.. and sure,  guys are free to do what they like and gambling can become quite addictive and/or a slippery slope.. so hopefully having some kind of a firm limit helps.

It is an already established fact that a greater success in your bitcoin accumulation journey would be recorded when you do not mingle with shitcoins. I prefer to keep it simple and less tasky by focusing on bitcoin alone. I find it a distraction focusing on finding shitcoins to invest into and the dangers it might pose to my investment when it turns a habit keeps me from engaging at all. Early into your accumulation journey, you shouldn't think of involving into shitcoins in order to remain focused and committed. Most people who deviated from investing and became traders can be traced to habits of trying to gamble with shitcoins and they got trapped by it, hence there was a shift in their investment focus and swayed them into trading even more bitcoins for shitcoins. It might even interest you to know that some people might use the money intended for backup funds to gamble with shitcoins, thereby putting their accumulation journey in jeopardy, hence its best to stick with bitcoin and avoid shitcoins.

I think it is best to remain into bitcoin and if you can, forget about shitcoins in order to record a good success rate in your accumulating journey.

[ZeroVinsonN]

Hopefully no one is investing any more than 10% of the size of their time, money and energies into shitcoins as compared to what they have into bitcoin.  Hopefully guys are trying to learn about bitcoin first and to build investment strategies around bitcoin, yet if they are not able to resist getting involved in shitcoins/gambling.. hopefully they are able to limit it to no more than 10% the size of their bitcoin investment.. and sure,  guys are free to do what they like and gambling can become quite addictive and/or a slippery slope.. so hopefully having some kind of a firm limit helps.

It is an already established fact that a greater success in your bitcoin accumulation journey would be recorded when you do not mingle with shitcoins. I prefer to keep it simple and less tasky by focusing on bitcoin alone. I find it a distraction focusing on finding shitcoins to invest into and the dangers it might pose to my investment when it turns a habit keeps me from engaging at all. Early into your accumulation journey, you shouldn't think of involving into shitcoins in order to remain focused and committed. Most people who deviated from investing and became traders can be traced to habits of trying to gamble with shitcoins and they got trapped by it, hence there was a shift in their investment focus and swayed them into trading even more bitcoins for shitcoins. It might even interest you to know that some people might use the money intended for backup funds to gamble with shitcoins, thereby putting their accumulation journey in jeopardy, hence its best to stick with bitcoin and avoid shitcoins.

I think it is best to remain into bitcoin and if you can, forget about shitcoins in order to record a good success rate in your accumulating journey.

Shitcoin investment is a financial mistake, and it has lead alot of people to ruin, as far as I'm concerned bitcoin is the only coin worth investing it, every other one is a complete waste of space and time, investment-wise and they should not be ventured into, you will see people losing their bitcoin holdings because they chose to trade it in for shitcoins instead, some investor have even turned traders due to being deceived by shitcoins, if they got an opportunity to remedy these mistakes they would take it.
So others should learn from these mistakes and not even think about investing in shitcoins.

You are very correct without a sources of income it can't be possible to invest in bitcoin, and not only that if a person is living in paycheck to paycheck it will also be impossible to invest in bitcoin, to invest in bitcoin one need to have sources of income to buy bitcoin consistently with their discretionary, and one also need a sources of income to set up emergency fund, for that is the only wey you can run a smooth bitcoin investment.

I believe paychecks are a source of income, it put money in the investor's hands and a regularly weekly or monthly pay makes for a stable source of income as well and can facilitate investment and saving and the same time, with a paycheck an individual can invest in bitcoin from the discretionary funds left from their pay and if you understand your expenses them you can split your pay into percentages to serve different functions and once your regular expenses have been covered, bitcoin investment can be done with little to no financial stress while also growing your savings.