Buy Buy Buy or Sell Sell Sell?

[ultrloa]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

What would even make Michael Saylor to consider selling his Bitcoins? Still thinking... perhaps he's wealthy in Bitcoins and holds a large amount of Bitcoin in his portfolio. It will take a world leading major calamity for Michael Saylor to go bankrupt which will not happen anytime soon or even forever which means that he'll continue to grow in wealth in years to come so let us just remove the illusion that Michael Saylor will wake up one day and start selling all his Bitcoins, even though it's not my Bitcoin but I can confidently say that such a thing is not going to happen because from the way Saylor keeps buying Bitcoins, I think he should be the second Satoshi Nakamoto. Saying that Michael Saylor will sell his Bitcoins someday is like saying that Satoshi Nakamoto can equally wake up one day and do the same  

For sure he won't do that since they are not panic holders. They are institution and professional in this field, so for sure they won't think about anything crazy that can make their company automatically lose their assets.

Also Michael Saylor is discussing about positive things about Bitcoin despite of what happened to the market. So there's huge chance that instead of thinking about dumping their Bitcoin, they provably preparing to execute their next accumulation. I think Michael Saylor will  continue to accumulate for many years since they provably not done yet with their investment and continue to believe on its potential to grow more. Only their speculators got nervous about the recent dumps happened.

[Ricardo11]

...

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

If there are people who are starting to get lost like that, I think you can also straighten them out by giving them advice to go back to Bitcoin and forget about junk coins that don't have a strong foundation to increase and survive in the long term in the future. Now is the opportunity to see Bitcoin more often and buy it because in this discounted condition we should consider it as a profitable condition because we can buy Bitcoin at a low price. So for some people who are still lost, try to give them the best advice so that they want to go back to a better path like the Bitcoin path so that they can be saved from junk coins that have no guarantee of increasing in the future.

Basically, because such investors do not have sufficient knowledge about Bitcoin, they become very nervous due to such temporary volatility of Bitcoin. There are also many who have not even tried to know Bitcoin well yet, they invest in that dirty and deceptive scam coin in the hope of short-term profit. From which they will never be able to make a profit in reality.
All these investors are still far behind reality, who ignore a powerful potential asset like Bitcoin at this time, but in the future when Bitcoin reaches a strong high level, they will regret it.
In fact each person will get the results according to their own decision, so if the investor has no desire to invest in Bitcoin, he will never invest, and I think there is no point in wasting our valuable time trying to convince them. You go ahead as you are, without worrying about who did what, you keep investing in Bitcoin according to your ability.
Those who are not investing in Bitcoin will not get any profit, it is a very simple concept. I believe in Bitcoin, you also believe in Bitcoin, I will continue to invest in Bitcoin according to my ability, you will continue to invest in Bitcoin according to your ability.
But another investor, you have no reason to worry about whether he is investing in Bitcoin or investing in another coin. If it is too much, you can give him some general idea about Bitcoin, nothing more. Because that person is investing in another coin of his own free will, and he feels comfortable investing in that coin, but he may not feel comfortable investing in Bitcoin, that is why he is not investing in Bitcoin. But he may not know how much Bitcoin probability really has, and because he does not know this, he may not be investing in Bitcoin.
But since you know about Bitcoin, then you can tell him about Bitcoin, give him good advice about Bitcoin, and explain both aspects of Bitcoin to those who are still confused about Bitcoin. Not everyone is ready to take all kinds of risks, so if he is ready to take the risks of Bitcoin, he will invest, but you will never take responsibility for his investment. If he does not want to invest in Bitcoin from his own heart, you should never force him.
Those who are still skeptical about Bitcoin should try to understand Bitcoin, these falls in Bitcoin are temporary and normal. They will end at any moment, and then the Bitcoin bull run will start again, so those who can buy Bitcoin at such a dump price will achieve real success, and there is no doubt that Bitcoin has the potential to cross $10M in the future. 

[maydna]

...

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

If there are people who are starting to get lost like that, I think you can also straighten them out by giving them advice to go back to Bitcoin and forget about junk coins that don't have a strong foundation to increase and survive in the long term in the future. Now is the opportunity to see Bitcoin more often and buy it because in this discounted condition we should consider it as a profitable condition because we can buy Bitcoin at a low price. So for some people who are still lost, try to give them the best advice so that they want to go back to a better path like the Bitcoin path so that they can be saved from junk coins that have no guarantee of increasing in the future.

Yea sometimes there are people that will be at the verge of going astray and at that moment what they need will just be a word or information that will counter what they have in mind and that kind of person once they get the information or when they received the word they will definitely turn from what they wanted to do but there are people who had made up there mind that no matter what people will say won't change or stop them from doing what they want to do and so this kind of person no matter what you say, you can not stop him or her from going into shitcoin that will later ruin them and one thing is for sure you can not force someone to do something but you can just give the option and tell them the reason they should not... And allow them to make decision.

They confuse of what happen to the market and instead choosing Bitcoin to invest, they choose altcoin but they don't research which altcoin that is good to invest. That will make them in a hard situation because they may not make any profit because we know that altcoin are too many and not easy to select the right altcoin. They must come back to the right track which is investing in Bitcoin and not spend too much in altcoin. But we can not force them and follow our suggestion because they may have their own consideration so we can just let them decide. We could only hope they can make a right decision after the research to find what is good for them and not just follow the suggestion.

[Agbamoni]

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Can't you see it is a brain work in place? He is probably using a mind manipulation for those following Michael Saylor. He wants those who foolishly hid to his advice of selling to sell, while advising people to sell their kidney to buy Bitcoin he is actually motivating others to buy aggressively.

Michael Saylor is no fool to sell right now. Many will think that after now MSTR will sell then they go sell their when MSTR is waiting for them to sell to buy their Bitcoin. Saylor is smart in this investment shit if you are following try to be smarter than him.

One sad truth you need to know here is, when MSTR will be selling he barely inform the community. Only what he wants them to know he do tell them.

They confuse of what happen to the market and instead choosing Bitcoin to invest, they choose altcoin but they don't research which altcoin that is good to invest. That will make them in a hard situation because they may not make any profit because we know that altcoin are too many and not easy to select the right altcoin. They must come back to the right track which is investing in Bitcoin and not spend too much in altcoin. But we can not force them and follow our suggestion because they may have their own consideration so we can just let them decide. We could only hope they can make a right decision after the research to find what is good for them and not just follow the suggestion.

Research or no research, no altcoin comes close to Bitcoin when it comes to long term investing. That one's mistake people do, after investing in bitcoin for some time and then they witness significant price drop in the market they quickly want to jump into shitcoins thinking they will find what they are looking for there. I kept wondering if they really wanted to invest in bitcoin or they were forced to do so because everyone has the right to make their own decision in investment for them to choose Bitcoin, they must have understood how it works. Maybe they dont believe in the volatility nature of bitcoin.

[Cgrexp]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

Perhaps too much expectations cause guys like you to think that it's too early to enter the market while other guys say it's too late to enter the market.

Several opinions of the market yet we are not over with the bull market, if course the reason why guys think it's over is because you guys attached bitcoin value to the new US government hoping and/or over expecting the government to pump the market, yet it seems to me that such expectations shows that you don't know bitcoin yet but only perceives it as a pump and dump shit which it's obviously not.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

That sounds more like there are times when Bitcoin can be predictable, if we consider Bitcoin to be volatile in nature then we can generally have it that Bitcoin is unpredictable and that makes it more precised and comprehendible even to a common man. However, I agree with you if based on the fact that Bitcoin is always unpredictable then every moment is a great opportunity to grab as much as possible provided the investment money is readily available and there is no too early or no too late because it all requires making an informed decision that satisfies one circumstances.

DCA is a free strategy that can be used at anytime by anybody to buy Bitcoin, since it is for everyone, irrespective of who you are and how much of Bitcoin you are ready to accumulate and hold it for as long as you want  to hold for a long-term , also dca at the dip can help you buy more Bitcoin to add to your portfolio and hold it for long, in that way , you will not feemñll. belittled or waiting for huge amount of funds to start with. DCA gives hope of investment to low or no coiner to be able to accumulate at anytime they want to.

Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.

[Tmoonz]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

Perhaps too much expectations cause guys like you to think that it's too early to enter the market while other guys say it's too late to enter the market.

Several opinions of the market yet we are not over with the bull market, if course the reason why guys think it's over is because you guys attached bitcoin value to the new US government hoping and/or over expecting the government to pump the market, yet it seems to me that such expectations shows that you don't know bitcoin yet but only perceives it as a pump and dump shit which it's obviously not.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

That sounds more like there are times when Bitcoin can be predictable, if we consider Bitcoin to be volatile in nature then we can generally have it that Bitcoin is unpredictable and that makes it more precised and comprehendible even to a common man. However, I agree with you if based on the fact that Bitcoin is always unpredictable then every moment is a great opportunity to grab as much as possible provided the investment money is readily available and there is no too early or no too late because it all requires making an informed decision that satisfies one circumstances.

DCA is a free strategy that can be used at anytime by anybody to buy Bitcoin, since it is for everyone, irrespective of who you are and how much of Bitcoin you are ready to accumulate and hold it for as long as you want  to hold for a long-term , also dca at the dip can help you buy more Bitcoin to add to your portfolio and hold it for long, in that way , you will not feemñll. belittled or waiting for huge amount of funds to start with. DCA gives hope of investment to low or no coiner to be able to accumulate at anytime they want to.

Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.

The efficiency of the dca strategy is answerable to investors quest of attempting to time the market, it is no longer a challenging issue to those investors that understands the basics of using the DCA strategy of accumulating Bitcoin because it allows investors to accumulate Bitcoin in different intervals irrespective of the price points and by so doing mitigating the short term volatility, the DCA helps investors to be on time in the market without any form of timing the market, for an investor with a long term perspective his focus will be more on increasing the size of their Bitcoin, consistently and persistently without timing the market provided that their investment money is readily available because what they are thinking of is the future and not to be distracted by the present.

[Muba20]

...

I don't think if his  talking about bitcoin, maybe his talking about shitcoins at the same time confusing himself and misleading newbies, because I didn't see any sense in what his saying his not just on track.

If there are people who are starting to get lost like that, I think you can also straighten them out by giving them advice to go back to Bitcoin and forget about junk coins that don't have a strong foundation to increase and survive in the long term in the future. Now is the opportunity to see Bitcoin more often and buy it because in this discounted condition we should consider it as a profitable condition because we can buy Bitcoin at a low price. So for some people who are still lost, try to give them the best advice so that they want to go back to a better path like the Bitcoin path so that they can be saved from junk coins that have no guarantee of increasing in the future.

Yea sometimes there are people that will be at the verge of going astray and at that moment what they need will just be a word or information that will counter what they have in mind and that kind of person once they get the information or when they received the word they will definitely turn from what they wanted to do but there are people who had made up there mind that no matter what people will say won't change or stop them from doing what they want to do and so this kind of person no matter what you say, you can not stop him or her from going into shitcoin that will later ruin them and one thing is for sure you can not force someone to do something but you can just give the option and tell them the reason they should not... And allow them to make decision.

They confuse of what happen to the market and instead choosing Bitcoin to invest, they choose altcoin but they don't research which altcoin that is good to invest. That will make them in a hard situation because they may not make any profit because we know that altcoin are too many and not easy to select the right altcoin. They must come back to the right track which is investing in Bitcoin and not spend too much in altcoin. But we can not force them and follow our suggestion because they may have their own consideration so we can just let them decide. We could only hope they can make a right decision after the research to find what is good for them and not just follow the suggestion.

If investors cannot come to the right platform, they will make mistakes at the beginning. There are many investors who try to invest in altcoins to get quick profits. But at some point, when they return empty-handed after holding, they realize their mistake. It would not be wrong to say that all coins except Bitcoin are gambling coins. Even the top-level altcoins whose existance cannot be guaranteed.

In terms of investment, one should not only look at profit. If you do not find a good investment platform, then it is unreasonable to expect profit. An investor is not guaranteed to make a profit by investing in Bitcoin, but if you review its history, you will see that everyone who held Bitcoin has benefited, especially those who have been able to hold their assets until it reaches all time high. In investing, the most appropriate policy is to invest in Bitcoin and plan to hold it for the long term, rather than in any other alts coin.

[Sonia_123]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

Okay so basically, depending on the individual who is investing in bitcoin, sufficiency can be attaine, if he is currently earning around 35k-50k annually and this can also be how much he spends to meet his needs and wants, he could decide increase his spendings to 80k per year which would require about 17.56 BTC to achieve and he has 64 BTC which is obviously bigger than 17.56,so he could stop accumulating and still live off his bitcoin stash and his job (if he still chooses to keep his job) and still have enough to support his lifestyle.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

I was just saying that even though has alot of bitcoin in stash, deciding to keep accumulating is more likely than not, though aggressiveness might be on the downside, the person could even decide to only buy during DIP and not on a weekly or monthly basis as when he probably started investing while also living off a set percentage annually depending on his choices.

In Bitcoin accumulation one never gets tired of buying and accumulating, since you can't be tired of being wealthy , just as money is important in our day to day activities to meet our needs and wants that is how Bitcoin accumulation is important to our lives as an investor.
Accumulation of Bitcoin is  a daily continuous process that one keeps doing for future purpose , Bitcoin is not a perishable asset that goes bad therefore accumulation should not be a problem to increase your portfolio, you don't get satisfied with Bitcoin, one will just have to keep buying and holding until the end of  Bitcoin.

[Oilacris]

Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.

Invest on what you can afford to lose as simple as that, you wont easily get affected if ever the market dips. Instead on freaking out, you would rather see up these things to be that having the opportunity to buy more and since you are wary about into its potential then you wont care at all. It all matters about emotional stability i should say.If you are eager or serious on going for long term then you would definitely doing such act and trying out to adjust accordingly. Buy or Sell, use up your common sense and it will be able to tell you on what are the actions needed. Your mind and emotion will be your main enemy on which if it do oppose on what you do plan then thats where problem do starts.

[JayJuanGee]

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

Okay so basically, depending on the individual who is investing in bitcoin, sufficiency can be attaine, if he is currently earning around 35k-50k annually and this can also be how much he spends to meet his needs and wants, he could decide increase his spendings to 80k per year which would require about 17.56 BTC to achieve and he has 64 BTC which is obviously bigger than 17.56,so he could stop accumulating and still live off his bitcoin stash and his job (if he still chooses to keep his job) and still have enough to support his lifestyle.

I am rebutting your earlier statement, in which you said that a person can never have enough BTC, so I am showing you an example of something that could have had been possible to achieve in the past 9 years. 

Even though history does not guarantee future results, I am showing you an example of someone who would have had more than sufficiently accumulated more than enough bitcoin based on his having had accumulated bitcoin, with a $20k front loaded investment (9 years ago), and then  investing around 30% of his income,  It actually possible that I could have used half those numbers, and still achieved more than enough bitcoin with the guy having had accumulated 32 bitcoin rather than 64 bitcoin, yet I wanted to show a greater extreme of what would have had been possible in the last 9 years... and there are way more lesser extreme exampes that still could have had resulted in enough or more than enough BTC accumulated.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

I was just saying that even though has alot of bitcoin in stash, deciding to keep accumulating is more likely than not,

Not everyone thinks like you, and not everyone wants to keep working all of their lives.  Sure, in my example the guy is still fairly young since he is still ONLY in his early 40s, so surely he could choose to continue to work, but he does not have to... so I doubt that merely because you believe that he is going to keep accumulating or keep working, that does not mean he is going to do that.

though aggressiveness might be on the downside, the person could even decide to only buy during DIP and not on a weekly or monthly basis as when he probably started investing while also living off a set percentage annually depending on his choices.

The example that I gave was so extreme that the guy is likely somewhere in the ballpark of more than 4x what he needs (wants), so he does not need to accumulate more.  From what he could earn from BTC living off his BTC, he also is in the ballpark of close to 10x his current standard of living.  I don't see why he would feel any need to accumulate more, even though sure there are a variety of directions that he could take that involves some ways that the value of his BTC stash continues to grow, so if he is taking anything less than 10% per year of the 200-WMA dollar value, then the dollar value of his bitcoin holdings (especially at the level of the 200-WMA) is quite likekly going to grow faster than he is withdrawing it.. and yeah, sure , he can monitor his withdrawal rate to make sure that he does not over withdraw, but from my perspective he still seems to have a whole hell-of-a-lot of cushion so he should not necessarily be motivated into thinking that he needs more bitcoin to sustain many multiples of his current standard of living.

[edited out]

I don't think a person will ever have accumulated enough bitcoin no matter how much they have, people just need to keeping accumulating and over time they can sell certain percentages depending on their investment timeframe as long as they don't sell everything, bitcoin is still growing and it still has more ATH to achieve along the way.

I think that you are failing/refusing to really think through the matter, if you think that a person might not be able to get to a point of accumulating enough or more than enough bitcoin.

I will give you an example of a person who might have had been in early 30s 9 years ago, and then maybe he had an income of around $30k per year. and so maybe when he first got into bitcoin, in 2016, he might have lump sum bought around $20k worth of bitcoin (let's say averaging around $500 per bitcoin.. So he bought 40 BTC.  

He then decided to invest 30% of his income into bitcoin, so he invested right around $10k per year into bitcoin at about $200 per week.  So over the last 9 years, he invested an additional $94k into bitcoin and he accumulated nearly an additional 24 bitcoin.

So right now he continues to have an income of about $35k per year, and sure maybe his income went up to $50k.. no problem.. and he is now in his early 40s and he has 64 bitcoin.  He would like to double or triple his income, and I think that he has enough bitcoin and/or he has more than enough bitcoin for his stated goals.

I personally calculate that with 64 bitcoin, he could sustainably withdraw right around $290k per year, and so he has way more than enough bitcoin for his own particular needs and his current lifestyle, even if we might consider that his current income is $50k and he would like to double or triple his current income by currently living off his bitcoin.  

Maybe you can proclaim that the guy does not have enough bitcoin, yet based on his already existing standard of living, he is able to increase his standard of living by 5x to 6x of his current standard of living based on the quantity of bitcoin that he has already accumulated over 9 years, which seems quite amazing to me, and if the guys chooses to not to completely max out his bitcoin withdrawal rate, it is likely that every year he can continue to increase his standard of living and without working and just by living within his means, his bitcoin is likely to continue to grow faster than the rate that he would be withdrawing from it, especially, if he might start out by merely withdrawing somewhere in the ball park of his current income (while quitting his job or perhaps he could choose to double or triple his income, which would still be way below the maximum withdrawal rate that he could accomplish in the event  that he wanted to start withdrawing more.

I think that a person who wants to live off of $80k per year from his bitcoin, he would currently need to have 17.56 bitcoin, and surely if he has more than that quantity of bitcoin, then he has more than enough, and if a guy only has around half of the 17.56 bitcoin (such as 9-ish bitcoin), then he could merely HODL for 3-ish years and reach a similar level of sufficiency in regards to his bitcoin stash being able to sustainably support a $80k per year income.

From your explanation you are talking about reaching a fuck you stage and from what I have seen now and thought about after reading your writing it is actually possible for someone to accumulate enough Bitcoin I totally agree on that, those who have reached a fuck you stage can actually stop working and life by there already Accumulated Bitcoin and that's because they have accumulated enough Bitcoin that can take care of them however I will still advise that if someone has reached the stage and there's a great dip it will be better to add more to your already Accumulated Bitcoin because at that state of dip you can't sell so is better to buy however it won't be possible for those who has stopped working or retired for this set of people all they can do is to keep holding and sell when they wish to because is now there means of survival.

In the example that I gave, the guy has way more than enough, and sure he can choose to completely quit his job or sure he might have other sources, of income, yet even if he does not have any additional income sources, he still has way more than enough bitcoin that he can figure out however he likes to manage the selling of his bitcoin holdings and/or the extent t which he might want to buy bitcoin on dips or not, if he also might figure out ways to start to sell bitcoin within his own scheduling and parameters.

In my sustainable withdrawal thread, I talk about various ways to engage in sustainable withdrawal that can be price based and/or time based, so there can be tools to even overly sell BTC at certain points in time to just keep extra cash on hand, whether its kept in regular cash or if the guy might choose to put his extra withdrawal in other kinds of assets.  It surely is nice to have options, yet there can be quite a bit of variability that makes it difficult to describe withdrawal options that are overly restrictive in terms of various feasible options that guys could end up exercising.

Let's say you have accumulated a lot of bitcoin and you are holding off on accumulating for a while, this would be the perfect time to start accumulating again to increase your stash and boost your holdings before the price goes back up again, and for a newbie, there is no time like the present, keep growing your portfolio and as long as you can afford it, lump buying would really favour a person right now, if you can't afford it, just stick to DCA and grow your bitcoin with your discretionary funds.

The building up of a bitcoin investment  to get to a point of being enough or more than enough likely takes time and it is not guaranteed to be successful, even though I think that you are correct to suggest that just ongoing investing into bitcoin is likely going to help to make progress in the direction of getting enough and/or more than enough bitcoin.

Yeah success in your Bitcoin investment is not 100 percent sure because Bitcoin is volatile in nature but if you become consistent and patient by holding for long term then your chances of becoming successful is actually bigger than you not succeeding, one of the things that makes your Bitcoin investment unstoppable even with the volatile nature of Bitcoin is holding for long term.

Each of us is in a position to do whatever we like when it comes to managing our bitcoin holdings and if we might consider it prudent to change the management of our bitcoin, even getting out of bitcoin, if we begin to believe that our reasons for investing into bitcoin are no longer as strong as they previously had been.

I personally believe that bitcoin is likely going to continue to be a life time investment rather than an investment that one  gets in and out of, so sure some guys might end up selling too much too soon or become disenchanted about bitcoin, and they are free to make those kinds of choices, even if they might have had intended to invest into bitcoin for longer periods of time, such as 10 years or longer, they might end up choosing to cut their investment timeline short.

Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.

Michael Saylor is one of the people that has pushed Bitcoin up and has also motivated a lot of people to go into Bitcoin investment, when ever he purchases Bitcoin and post it on his social media account it gives newbies this believe that truly Bitcoin is a great asset and should be taken seriously, Michael Saylors has made a lot of impact to the growth of Bitcoin and that can't be forgotten in a hurry, I know some people who are very determine and dedicated to their Bitcoin investment right now because of Michael Saylor regular buying of Bitcoin, someone said no one will spend this much on asset that is not valuable this thought alone on people's mind is a great push for Bitcoin.
What ever Michael Saylor decides to do now is his choice and we will still not forget his impact on Bitcoin.

It would be funny to see the worlds largest btc whale having to sell a lot of coins

He would still reaccumulate everything he would sell (if needed at all).
 

Surely Saylor had been changing his tune in recent times, and suggesting that he might have to sell in order to service some of the new kinds of financial instruments that the company had chosen to issue.  There can be some folks who lose their confidence in Saylor/MSTR based on their newly chosen strategies.

Even though Saylor/MSTR is the largest individual/ public company holder of bitcoin, he still is not bitcoin, and bitcoin is going to keep going whether Saylor/MSTR is in bitcoin or not.  We cannot choose who buys bitcoin or what they do with it once they have it, including acknowledging that bitcoin is for friends and for enemies., so surely there could be bitcoin manipulation attempts that might happen from time to time.

[edited out]

I must confess that you and your strategies are proof that with consistency, patience and also a solid plan, investing in Bitcoin can actually pay off. Sometimes when I bump into your theories, I can’t but to wish I had knew and had access to these theories, strategies and knowledge several years back, I bet I would’ve been more than proud of my bitcoin investment today.

I think that if we have experience investing into bitcoin, then it becomes more clear how to valuate our bitcoin, and surely traditional investment assets allow you to withdraw at about 4% per year, yet even with traditional assets, any of us can get into trouble if our investment is not performing at least as good as our withdrawal rate, which is part of the reason that I choose to valuate the bitcoin stash with the 200-WMA, which I think will be much more solid of a basis to be able to see if either downward adjustments or upward adjustments might be made.

If any of us puts these kinds of withdrawal systems into practice, then it is likely that we would need to have a little bit of a cushion in our quantity of BTC or perhaps even in the way that we put our system into practice.. to make sure that we are not depleting our stash at a rate that is higher than it is appreciating in value, another reason to evaluate basd on the dollar value of the 200-WMA..

[laijsica]

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

Perhaps too much expectations cause guys like you to think that it's too early to enter the market while other guys say it's too late to enter the market.

Several opinions of the market yet we are not over with the bull market, if course the reason why guys think it's over is because you guys attached bitcoin value to the new US government hoping and/or over expecting the government to pump the market, yet it seems to me that such expectations shows that you don't know bitcoin yet but only perceives it as a pump and dump shit which it's obviously not.

If eventually the bull run is over which is probably not then buying at any given price is best rather than waiting for the perfect opportunity or price since bitcoin sometimes is very much unpredictable grabbing every moment is more like the gold in bitcoin market as what seems to be too early might end up being too late.

Additionally their is no too early, there is no too late - only a given opportunity hence depends on your capacity to accumulate.

Waiting only results to losing the opportunity, so better grab the corn and hold it.

That sounds more like there are times when Bitcoin can be predictable, if we consider Bitcoin to be volatile in nature then we can generally have it that Bitcoin is unpredictable and that makes it more precised and comprehendible even to a common man. However, I agree with you if based on the fact that Bitcoin is always unpredictable then every moment is a great opportunity to grab as much as possible provided the investment money is readily available and there is no too early or no too late because it all requires making an informed decision that satisfies one circumstances.

DCA is a free strategy that can be used at anytime by anybody to buy Bitcoin, since it is for everyone, irrespective of who you are and how much of Bitcoin you are ready to accumulate and hold it for as long as you want  to hold for a long-term , also dca at the dip can help you buy more Bitcoin to add to your portfolio and hold it for long, in that way , you will not feemñll. belittled or waiting for huge amount of funds to start with. DCA gives hope of investment to low or no coiner to be able to accumulate at anytime they want to.

Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.

Investors do market research before entering the market and expect market dumping for investment but Bitcoin investment is recommended to buy regardless of any price. This is because of the volatile price and the possibility of not getting the expected dips as per your plan or the possibility of gradually reducing the amount of floating cash allocated for your investment in the run up to the bullish period. Your review for volatile market and long term investment is correct but for this you should focus on increasing alternative income and accumulation Bitcoin from disposable income which you do not mention. Some investors are interested in investing by relying on cash and floating funds. I would say it is a good idea for them to keep an investment target from the excess floating cash at the beginning of the investment which is a chance to save a large fraction of their value regardless of the price. Later on they should keep a target to accumulation Bitcoin from discretionary income so that it is considered easy for them to in the long term.

I think we should be overly optimistic especially when it comes to making profits from Bitcoin, but that will be through long-term accumulate from discretionary income. Our expectations are what entice us to go long and buy Bitcoin more aggressively when it dips. The expectation is to just set a long-term Bitcoin accumulation point and hold it for a few cycles.

[maydna]

~snip~

Research or no research, no altcoin comes close to Bitcoin when it comes to long term investing. That one's mistake people do, after investing in bitcoin for some time and then they witness significant price drop in the market they quickly want to jump into shitcoins thinking they will find what they are looking for there. I kept wondering if they really wanted to invest in bitcoin or they were forced to do so because everyone has the right to make their own decision in investment for them to choose Bitcoin, they must have understood how it works. Maybe they dont believe in the volatility nature of bitcoin.

Yes, they are tempting to invest in altcoin because what they see in social media. They don't think that the altcoin will be different than Bitcoin. If they can hodl their Bitcoin and not sell and not change into altcoin, they will have a chance to make a profit. They do not research about Bitcoin investment and only tempt from other people say so that will make them getting hurry in investing in crypto. We already have seen this from them and even some of us made this mistake before in our beginning. But if they can realize that Bitcoin investment will be the best for them, they will not allocate too much money in altcoin instead just use Bitcoin investment.

~snip~

If investors cannot come to the right platform, they will make mistakes at the beginning. There are many investors who try to invest in altcoins to get quick profits. But at some point, when they return empty-handed after holding, they realize their mistake. It would not be wrong to say that all coins except Bitcoin are gambling coins. Even the top-level altcoins whose existance cannot be guaranteed.

In terms of investment, one should not only look at profit. If you do not find a good investment platform, then it is unreasonable to expect profit. An investor is not guaranteed to make a profit by investing in Bitcoin, but if you review its history, you will see that everyone who held Bitcoin has benefited, especially those who have been able to hold their assets until it reaches all time high. In investing, the most appropriate policy is to invest in Bitcoin and plan to hold it for the long term, rather than in any other alts coin.

The important is they can research of what they will choose. But if they realize that Bitcoin is the best coin for them, they don't have to take a look at altcoin. They can focus in Bitcoin and allocate the money they can afford. But they can use altcoin as their second investment but they must really careful because there is so many altcoins in the market that can make us confuse to choose. But they must realize that investing in Bitcoin or other platform need time before they see their investment value increase. People forget about this because they think that after they invested their money, they will see the increase so they can sell it right away but the thing that will happen not like that.

[Moreno233]

Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.

Investors do market research before entering the market and expect market dumping for investment but Bitcoin investment is recommended to buy regardless of any price.

From my experience, if you want to make research probably in the form of analyzing the market, checking the MSM and all that before making investment in Bitcoin, you will end up moving from an investor to a trader. The possibilities are there because you will end up with contrary opinion from where confusion will step in and make you to derail. Bitcoin does not need over analysis because the facts are already there which is that the price moved from a few cents to over $100,000 against the expectations of some people you will call financial experts, against crackdown by some governments and against many other obstacles. Bitcoin is still here and not going away anytime soon and it even gets better and bigger with time, this is all the facts and figure any research should give you and enough motivation to get started already.

We are at the point where there are so many interest in Bitcoin, a testament to the fact that Bitcoin have become established. Some people who doubted it have swallowed their words and more and more people are either investing or considering to invest in Bitcoin, this is a sign that Bitcoin future is bright and those who will start now are never late but still relatively early in the business.

I think we should be overly optimistic especially when it comes to making profits from Bitcoin, but that will be through long-term accumulate from discretionary income. Our expectations are what entice us to go long and buy Bitcoin more aggressively when it dips. The expectation is to just set a long-term Bitcoin accumulation point and hold it for a few cycles.

If you buy Bitcoin and hold for at least 5 years, you will definitely see significant increase in your money based on how the price have behaved in the past. It even gets better when you hold longer, so consider making a lifetime investment in Bitcoin so you can be rest assured that you have secured your future financially.

[Ricardo11]

~snip~

If investors cannot come to the right platform, they will make mistakes at the beginning. There are many investors who try to invest in altcoins to get quick profits. But at some point, when they return empty-handed after holding, they realize their mistake. It would not be wrong to say that all coins except Bitcoin are gambling coins. Even the top-level altcoins whose existance cannot be guaranteed.

In terms of investment, one should not only look at profit. If you do not find a good investment platform, then it is unreasonable to expect profit. An investor is not guaranteed to make a profit by investing in Bitcoin, but if you review its history, you will see that everyone who held Bitcoin has benefited, especially those who have been able to hold their assets until it reaches all time high. In investing, the most appropriate policy is to invest in Bitcoin and plan to hold it for the long term, rather than in any other alts coin.

The important is they can research of what they will choose. But if they realize that Bitcoin is the best coin for them, they don't have to take a look at altcoin. They can focus in Bitcoin and allocate the money they can afford. But they can use altcoin as their second investment but they must really careful because there is so many altcoins in the market that can make us confuse to choose. But they must realize that investing in Bitcoin or other platform need time before they see their investment value increase. People forget about this because they think that after they invested their money, they will see the increase so they can sell it right away but the thing that will happen not like that.

Many investors have this thinking, they always want to see only the pump, but at first they cannot realize that Bitcoin does not move in one direction, Bitcoin moves in both directions, it will dump for a while and then move up again. This is how Bitcoin moves, so you should never invest in Bitcoin thinking about short-term gains. For those who want to move with a long-term perspective, the best investment currency is Bitcoin.
If an investor understood the real potential of Bitcoin, then he would never chase after other altcoins and would only invest in Bitcoin, because Bitcoin is the most secure, profitable and solid investment in the long run, so instead of wasting money on other investments, invest in the right place, i.e. Bitcoin, there will be no other investment as successful as Bitcoin in the long run.

[Nightwatchmare]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

Those folks should know that not everyone had the opportunity to invest in bitcoin when it was cheap. Some people started investing in bitcoin when the price was over $50k, and they are still investing in bitcoin consistently. If those folks are interested in investing in bitcoin, they should get started now that the price is still favourable for people to invest with the money they can afford and get off the circle of no coiner, but if they fail to seize the opportunity now, they should know they will regret in the future why they failed to invest in bitcoin now.

[hero_the_bossman]

From my experience, if you want to make research probably in the form of analyzing the market, checking the MSM and all that before making investment in Bitcoin, you will end up moving from an investor to a trader. The possibilities are there because you will end up with contrary opinion from where confusion will step in and make you to derail. Bitcoin does not need over analysis because the facts are already there which is that the price moved from a few cents to over $100,000 against the expectations of some people you will call financial experts, against crackdown by some governments and against many other obstacles. Bitcoin is still here and not going away anytime soon and it even gets better and bigger with time, this is all the facts and figure any research should give you and enough motivation to get started already.

We are at the point where there are so many interest in Bitcoin, a testament to the fact that Bitcoin have become established. Some people who doubted it have swallowed their words and more and more people are either investing or considering to invest in Bitcoin, this is a sign that Bitcoin future is bright and those who will start now are never late but still relatively early in the business.

As always, buy, hodl, and forget about the rest.

Current events didn't change what we should be doin

[Tmoonz]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

Those folks should know that not everyone had the opportunity to invest in bitcoin when it was cheap. Some people started investing in bitcoin when the price was over $50k, and they are still investing in bitcoin consistently. If those folks are interested in investing in bitcoin, they should get started now that the price is still favourable for people to invest with the money they can afford and get off the circle of no coiner, but if they fail to seize the opportunity now, they should know they will regret in the future why they failed to invest in bitcoin now.

 Bitcoin is still consider to be cheap since it is compulsory that one must buy a whole Bitcoin but can buy a fraction of it through DCA strategy and still accumulate a reasonable size of Bitcoin over time, consistency is the key for as many that are willing to invest in Bitcoin.

If you buy Bitcoin and hold for at least 5 years, you will definitely see significant increase in your money based on how the price have behaved in the past. It even gets better when you hold longer, so consider making a lifetime investment in Bitcoin so you can be rest assured that you have secured your future financially.

We should always be reminded that Past performance is never a guarantee for the future performance which of course is an important concept that we should always need to understand in light of balancing our expectations from our Bitcoin investment within periods of time and seasons.

[Barikui1]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

Those folks should know that not everyone had the opportunity to invest in bitcoin when it was cheap. Some people started investing in bitcoin when the price was over $50k, and they are still investing in bitcoin consistently. If those folks are interested in investing in bitcoin, they should get started now that the price is still favourable for people to invest with the money they can afford and get off the circle of no coiner, but if they fail to seize the opportunity now, they should know they will regret in the future why they failed to invest in bitcoin now.

Their is a regular saying we have all heard of which is their is no point crying over a spilt milk, and in the case of Bitcoin, their is no point getting upset or regretting not investing in Bitcoin when it's way more cheaper here, your present action now will determine wether you have learnt your lesson or not, so due to the fact that we are still in the early days of Bitcoin, it's best to start now because it's still very cheap comparing to how much the value might skyrocket to in like 10 to 20 years time from now, so what's the point crying or feeling regretful over things you can't change?
We can only influence and make our future to be what we planned it to be by our actions now, not yesterday that is gone forever.
So the best line of actions is to accumulate as much unit of Bitcoin as we can because with Bitcoin the future is bright.

[maydna]

~snip~

Many investors have this thinking, they always want to see only the pump, but at first they cannot realize that Bitcoin does not move in one direction, Bitcoin moves in both directions, it will dump for a while and then move up again. This is how Bitcoin moves, so you should never invest in Bitcoin thinking about short-term gains. For those who want to move with a long-term perspective, the best investment currency is Bitcoin.
If an investor understood the real potential of Bitcoin, then he would never chase after other altcoins and would only invest in Bitcoin, because Bitcoin is the most secure, profitable and solid investment in the long run, so instead of wasting money on other investments, invest in the right place, i.e. Bitcoin, there will be no other investment as successful as Bitcoin in the long run.

They must change their mindset because Bitcoin price will still move up and down. But in the future, they will see the price reach the highest price and not just at $109k level but more than that. They should use Bitcoin as their long term investment so they just use this time to accumulate more Bitcoin and hodl it. A wise investor will not just buy without research because he realize that only with research they will what they need to do related to the market situation. The new investor in Bitcoin investment must learn many things before they decide so they know how much money they can allocate in Bitcoin.

[Tmoonz]

~snip~

Many investors have this thinking, they always want to see only the pump, but at first they cannot realize that Bitcoin does not move in one direction, Bitcoin moves in both directions, it will dump for a while and then move up again. This is how Bitcoin moves, so you should never invest in Bitcoin thinking about short-term gains. For those who want to move with a long-term perspective, the best investment currency is Bitcoin.
If an investor understood the real potential of Bitcoin, then he would never chase after other altcoins and would only invest in Bitcoin, because Bitcoin is the most secure, profitable and solid investment in the long run, so instead of wasting money on other investments, invest in the right place, i.e. Bitcoin, there will be no other investment as successful as Bitcoin in the long run.

They must change their mindset because Bitcoin price will still move up and down. But in the future, they will see the price reach the highest price and not just at $109k level but more than that. They should use Bitcoin as their long term investment so they just use this time to accumulate more Bitcoin and hodl it. A wise investor will not just buy without research because he realize that only with research they will what they need to do related to the market situation. The new investor in Bitcoin investment must learn many things before they decide so they know how much money they can allocate in Bitcoin.

I still wondering the kind of research that you are considering for a wise investor to make before buying Bitcoin, I guess you are talking about analysing the market conditions before buying Bitcoin. However, as an investor with a long term goals and objectives, you don't need to make any research about the market before buying Bitcoin, it is complex to analyze the market conditions such that an investor don't need to make investment decisions based on the market in order not to miss buying opportunities while attempting to analyze the market conditions, what every new investor needs is to acquire the basic knowledge of Bitcoin and figure out how much of discretionary income they have to invest in Bitcoin and not to wait till they learn many things since they can be doing that at the same buying Bitcoin with the dca strategy.