Buy Buy Buy or Sell Sell Sell?

[Barikui1]

~snip~

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.

You still need to research the market before you buy at least that will give you more information about what happen to the market. If you buy at a high, your average buy will increase so you can make a note in your file or buy trade order.

Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Even if you use DCA strategy, you still need to know where is the market position, whether if that is up or down. But that will be too complicated. So we will have our own way to do related to Bitcoin investment.

When you are DCAing, your priority is for you to keep on buying whenever you have your discretionary available and focus on building your bitcoin portfolio to reach your bitcoin target irrespective of the price of bitcoin, because in future bitcoin will be more expensive than what you buy it today.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or hoe dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can  arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

[Mr Reporter]

~snip~

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.

You still need to research the market before you buy at least that will give you more information about what happen to the market. If you buy at a high, your average buy will increase so you can make a note in your file or buy trade order.

Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Even if you use DCA strategy, you still need to know where is the market position, whether if that is up or down. But that will be too complicated. So we will have our own way to do related to Bitcoin investment.

When you are DCAing, your priority is for you to keep on buying whenever you have your discretionary available and focus on building your bitcoin portfolio to reach your bitcoin target irrespective of the price of bitcoin, because in future bitcoin will be more expensive than what you buy it today.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or hoe dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can  arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

I feel as an investor you need to understand financial planning which means investors to consider thier overall financial situation including emergency funds, before thinking of any investment such as bitcoin, why do you think most investors are having emergency funds is because it provides a safety net, reducing the needs to sell investment during unexpected events.

[Tmoonz]

~snip~

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.

You still need to research the market before you buy at least that will give you more information about what happen to the market. If you buy at a high, your average buy will increase so you can make a note in your file or buy trade order.

Even if you use DCA strategy, you still need to know where is the market position, whether if that is up or down. But that will be too complicated. So we will have our own way to do related to Bitcoin investment.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

If actually you understood the concept and idea of the DCA, you will agree with me that one of the benefits is to ensure that investors does not make investment decisions being driven by emotions and looking at your narration it is a contrary view of the impact of the DCA to an investor, maybe I need to remind you that dca can be automated depending on the investors choice, it is pointless emphasing knowing market positions before making purchase of Bitcoin in light of describing investors usage of DCA, investor can buy both in high price and in low price and that is another description of the DCA approach, Bitcoin is designed to take side ways position, it can go up or come down and no one can certainly know to what extend it can increase or decrease which is volatility a basic fundamental of Bitcoin behavior that new investors should know while investing from their discretionary income their shouldn't be any reason for panicking while growing their confidence and the size of their Bitcoin over the long term. There is nothing wrong getting to know the happening in the market but it shouldn't be considered as criteria before making purchase of Bitcoin as an investor because it can only lead you in to making impulsive decision based on emotions . An investor should be working on their finances to enable them buy persistently, consistently and even aggressively without over doing it rather than making research before buying Bitcoin which can probably result to missing buying opportunities.

[Promocodeudo]

Note that people that time the market or people that are suppose to time the market are those investors that haven't gone far in there accumulation so they will want a Dip to take advantage and increase there portfolio.

Mate I think you're getting it all wrong, this set of persons you mentioned are not supposed to even time the market if timing the market should  be seen as a good idea, people that has not gone far in their Bitcoin acumulation are supposed to utilize DCA method to accumulate Bitcoin steadily at any given time and may be buy more at a cheaper price as the price dips but they should not have the mindset of timing the market to mow when the dip will come for them to buy, when we talk about the dip, it makes me laugh because I know that Bitcoin is a volatile asset as such we may think that we are in dip now, in this next seconds we see a different price that we didn't expect, in this kind of investment, buying Everytime should be the major concern of a serious investor irrespective of how small or big ones has accumulated Bitcoin although some investors that have gotten large Bitcoin portfolio may decide to buy when there's slit or temporal dips atleast they may have a reason to justify their actions but as for an investor that still have a long way to go, I don't think it is right to time the market because this may even cause discouragement if care is not taking, so it will be of a thing if an investor at that stage can DCA without season and hodl for a long-term.

[Franctoshi]

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or how dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can  arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

The hard truth is that if you don't have that funds which you will not be tempted to touch at any short period of time you shouldn't start your investment with Bitcoin because one thing is for sure, the market is definitely gonna test you and toy with your emotions and only when you can pass this test is if you understand the game and when the money involved aren't for urgent needs. This is my second bull market experience I have tested and have seen what that works.


In real life, there are some moneys you know you can put aside and whether you lose it or not, you're never gonna feel you've lost something and such money is the type of money one needs to start investing in Bitcoin according to your level of income because Mr. A might lose let's say $100 and never gonna feel it, And B $50, whereas Mr. C will lose $10 and isn't gonna have a rest of mind at the of the day.

I have got understood over the past years of my journey with crypto, that Bitcoin is indeed a long-term game after my experiments over the years on what that works.

[maydna]

~snip~

Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Perhaps, you can say that but for me, that still necessary as I want to know what happen with the market. I can not just accumulate without seeing how the market move. Indeed DCA strategy give better chance to growing Bitcoin investment so we can use many ways to continue what we have done so far. Yes, we will have different thing here so that will not be a problem for me.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

As a new investor in the past, I considered to buy Bitcoin when the price is down. I was too worried with buying at a peak because I don't know if the price will still up or it will down suddenly. That happened to many new investors. By research and find the best time to start invest in Bitcoin, he will know when to start his investment.

If they already understand how to do DCA, they will still buy Bitcoin even if the price is high. They will be more understanding about DCA when they research and learn more. However not many new investor have the basic knowledge about Bitcoin or the volatility of Bitcoin price. So when they buy at high following their DCA strategy, they will still desperate and think they make a mistake.

~snip~

If actually you understood the concept and idea of the DCA, you will agree with me that one of the benefits is to ensure that investors does not make investment decisions being driven by emotions and looking at your narration it is a contrary view of the impact of the DCA to an investor, maybe I need to remind you that dca can be automated depending on the investors choice, it is pointless emphasing knowing market positions before making purchase of Bitcoin in light of describing investors usage of DCA, investor can buy both in high price and in low price and that is another description of the DCA approach, Bitcoin is designed to take side ways position, it can go up or come down and no one can certainly know to what extend it can increase or decrease which is volatility a basic fundamental of Bitcoin behavior that new investors should know while investing from their discretionary income their shouldn't be any reason for panicking while growing their confidence and the size of their Bitcoin over the long term. There is nothing wrong getting to know the happening in the market but it shouldn't be considered as criteria before making purchase of Bitcoin as an investor because it can only lead you in to making impulsive decision based on emotions . An investor should be working on their finances to enable them buy persistently, consistently and even aggressively without over doing it rather than making research before buying Bitcoin which can probably result to missing buying opportunities.

Yes, I absolutely agree with you but we have different view. The investor can buy Bitcoin in any price using DCA strategy but it would be better if they also check the price on the market and know how the market situation. It will not be a problem if they have knowledge after seeing the market that the market in a high price, but if they don't know anything and just follow DCA strategy without learning, that can make them confuse. Confuse here means they should continue the DCA or wait for a while until the price get correction. We know many investors have different habit and controlling their emotion but most of them could get panic or delay their buying time because the price is at a high without think about the DCA. Buying Bitcoin using DCA without check the market will be okay but for me, I prefer to check the market first before doing something. If the price is high, I still buy the price but I will write a note in my file that the situation is at a high. Perhaps, you have your own method as you say so that will not be a problem.

[Samlucky O]

While I_Anime was advising investors to utilize the opportunity that the market has brought to buy the current dip, I_Anime didn't say that investors should use their emergency fund to buy the dip if they don't have leftover money to comfortably buy the dip. I_Anime was still of the opinion that if investors are buying the dip, they should not overdo it in such a way that they will use their emergency fund to buy the dip, which is the right way to invest in bitcoin, and it will allow investors to always solve their unexpected problems during their accumulation journey with their emergency fund.

If anyone decide to use the money that’s suppose to be used for emergency purpose to accumulate bitcoin just because their is dip in the market, what if the dip continues, and emergency arises which you will be needing the money which you used in accumulating bitcoin, you won’t have choice than to sell the bitcoin which you acculturated, and you might be selling at loss because bitcoin might have dumped more. So if money is suppose to be used for emergency purpose, then don’t invest it in bitcoin.

That's true, surely our overall emphasis lies on the fact that emergency fund should not be used  for buying Bitcoin no matter the situation but to be used for only emergency, but there are situation we make silly decisions as a result of fucking up in terms of lacking in discretion fund. It could not necessarily be intentional but having issue that makes us spend all our fund that leeds to touching emergency fund. Kindly note that this situation are not a regular case schenerio but comes at least once in a long time. I could remember a postade by JJG some weeks ago where he also emphasis on this issue below is the post.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

He said if you run out of reserved fund then the last resort you have prior to tapping into your Bitcoin would be emergency fund. This implies that when there is no other way then the last hope would only be your emergency fund. But I would say before emergency fund would be the last hope then there should be hope for an expected income otherwise it's better not tamperd.

[Ruttoshi]

~snip~

Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Perhaps, you can say that but for me, that still necessary as I want to know what happen with the market. I can not just accumulate without seeing how the market move. Indeed DCA strategy give better chance to growing Bitcoin investment so we can use many ways to continue what we have done so far. Yes, we will have different thing here so that will not be a problem for me.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

As a new investor in the past, I considered to buy Bitcoin when the price is down. I was too worried with buying at a peak because I don't know if the price will still up or it will down suddenly. That happened to many new investors. By research and find the best time to start invest in Bitcoin, he will know when to start his investment.

If they already understand how to do DCA, they will still buy Bitcoin even if the price is high. They will be more understanding about DCA when they research and learn more. However not many new investor have the basic knowledge about Bitcoin or the volatility of Bitcoin price. So when they buy at high following their DCA strategy, they will still desperate and think they make a mistake.

~snip~

If actually you understood the concept and idea of the DCA, you will agree with me that one of the benefits is to ensure that investors does not make investment decisions being driven by emotions and looking at your narration it is a contrary view of the impact of the DCA to an investor, maybe I need to remind you that dca can be automated depending on the investors choice, it is pointless emphasing knowing market positions before making purchase of Bitcoin in light of describing investors usage of DCA, investor can buy both in high price and in low price and that is another description of the DCA approach, Bitcoin is designed to take side ways position, it can go up or come down and no one can certainly know to what extend it can increase or decrease which is volatility a basic fundamental of Bitcoin behavior that new investors should know while investing from their discretionary income their shouldn't be any reason for panicking while growing their confidence and the size of their Bitcoin over the long term. There is nothing wrong getting to know the happening in the market but it shouldn't be considered as criteria before making purchase of Bitcoin as an investor because it can only lead you in to making impulsive decision based on emotions . An investor should be working on their finances to enable them buy persistently, consistently and even aggressively without over doing it rather than making research before buying Bitcoin which can probably result to missing buying opportunities.

Yes, I absolutely agree with you but we have different view. The investor can buy Bitcoin in any price using DCA strategy but it would be better if they also check the price on the market and know how the market situation. It will not be a problem if they have knowledge after seeing the market that the market in a high price, but if they don't know anything and just follow DCA strategy without learning, that can make them confuse. Confuse here means they should continue the DCA or wait for a while until the price get correction. We know many investors have different habit and controlling their emotion but most of them could get panic or delay their buying time because the price is at a high without think about the DCA. Buying Bitcoin using DCA without check the market will be okay but for me, I prefer to check the market first before doing something. If the price is high, I still buy the price but I will write a note in my file that the situation is at a high. Perhaps, you have your own method as you say so that will not be a problem.

You fail to understand the reason why people are investing in bitcoin, we are not investing in bitcoin because we want to buy bitcoin at a cheaper price  continuously, because if you think so, you will end up having very little size of bitcoin in the future. Bitcoin is a future investment that has the possibility to multiply your wealth in future, so why wasting time to start researching to know when the price is high or low when you are already investing with DCA weekly and you will always know the price of bitcoin.

Investing and accumulation enough Bitcoin so that you can reach your bitcoin target so that in future when bitcoin is very expensive, you will be have that you took advantage of the opportunity now to accumulate enough Bitcoin, instead of regretting later.

Have a bitcoin target and stay focused on accumulating regularly, continuously and ongoingly without distraction so that you can achieve your goal earlier than later. You should also focus on how to increase your income by looking for other means of income so that you can invest aggressively is better than looking for how to buy bitcoin cheaper.

I am telling you from experience, I have been buying bitcoin from "$32k till even when bitcoin was $100k and I am still buying weekly. I have never regretted for buying at whatever price bitcoin is because I am seeing a big improvement in my bitcoin portfolio size which shows progress in my bitcoin investment. I started as a new investor in 2023 using DCA method.

It's a wrong advice to say that a low coiner or no coiner should wait for the dip before they buy because you feel that bitcoin price is high.

[Sticky Bomb]

~

Discretionary Income should be considered first before your emergency fund, it is from your Discretionary that you will use to buy your  bitcoin and continue your bitcoin investment, then your emergency fund is to settle your unforseen challenges or problem which would have make you to sell out your bitcoin when it was not your target to sell.

Emergency funds would still be carved out from discretionary income, you make use of a fraction of your discretionary income(a larger fraction though) to invest into Bitcoin and a smaller fraction to build your emergency funds and other variances of backup funds and with consistency, over sometime, you'll be able to build out your emergency fund to service 3 months of your living expenses or more as you wish and then you can channel it's fraction of your discretionary income into your Bitcoin accumulation to increase your aggressiveness subject to when there's a real emergency and it fulfills it's purpose. Then you can go back to rebuilding it again.

It's a wrong advice to say that a low coiner or no coiner should wait for the dip before they buy because you feel that bitcoin price is high.

Waiting entirely for the dip to buy Bitcoin is a lazy man's investment practice for a low-coiner and no-coiner. For me it's lack of seriousness when you should display commitment towards your accumulation journey. Lazy practices brings lazy results and that's why the no-coiner might never have Bitcoin after a long time because they keep speculating and don't take action and a low-coiner continues to make little or no progress in his accumulation journey since he's gambling with Bitcoin at a time he should be investing with commitment and dedication.

[BD User]

Waiting entirely for the dip to buy Bitcoin is a lazy man's investment practice for a low-coiner and no-coiner. For me it's lack of seriousness when you should display commitment towards your accumulation journey. Lazy practices brings lazy results and that's why the no-coiner might never have Bitcoin after a long time because they keep speculating and don't take action and a low-coiner continues to make little or no progress in his accumulation journey since he's gambling with Bitcoin at a time he should be investing with commitment and dedication.

Waiting for a price drop to start investing is the biggest mistake a person can make and makes him lazy. He even gives in to procrastination and misses out on market opportunities. By waiting for a price drop or dip, you will only miss out on buying opportunities and delay reaching your goals or you will not be able to start your journey towards your goals. It is still better to start investing and be consistent in any market situation without focusing on the market, even better for you if you can ignore the price list and focus yourself on consistent buying.

[Mr Reporter]

Waiting entirely for the dip to buy Bitcoin is a lazy man's investment practice for a low-coiner and no-coiner. For me it's lack of seriousness when you should display commitment towards your accumulation journey. Lazy practices brings lazy results and that's why the no-coiner might never have Bitcoin after a long time because they keep speculating and don't take action and a low-coiner continues to make little or no progress in his accumulation journey since he's gambling with Bitcoin at a time he should be investing with commitment and dedication.

Waiting for a price drop to start investing is the biggest mistake a person can make and makes him lazy. He even gives in to procrastination and misses out on market opportunities. By waiting for a price drop or dip, you will only miss out on buying opportunities and delay reaching your goals or you will not be able to start your journey towards your goals. It is still better to start investing and be consistent in any market situation without focusing on the market, even better for you if you can ignore the price list and focus yourself on consistent buying.

in addition to this waiting for price to drop has caused many newbies and lead them to procrastination, which has caused thier to miss out on potential market gain, this has been discussed many times here investor should mostly focus on  consistently on accumulating more bitcoin regardless of the market conditions, and note this it has help many investors to make steady progress towards their accumulation goals.

[ingiltere]

Waiting for a price drop to start investing is the biggest mistake a person can make and makes him lazy. He even gives in to procrastination and misses out on market opportunities. By waiting for a price drop or dip, you will only miss out on buying opportunities and delay reaching your goals or you will not be able to start your journey towards your goals. It is still better to start investing and be consistent in any market situation without focusing on the market, even better for you if you can ignore the price list and focus yourself on consistent buying.

It actually depends a bit on where you expect the price to be. With Bitcoin at $80k, it might make sense to wait for $78k. You can wait for a few days for this. But if you are waiting for $7k, you will wait a long time. From this perspective, realistic expectations have a point. But for small gains you can also lose a bigger gain. Not everyone should take this risk. In my opinion, Bitcoin can be bought at any price. There is no expensive Bitcoin. Because every time Bitcoin is breaking its record.

[Derekfunds]

Waiting entirely for the dip to buy Bitcoin is a lazy man's investment practice for a low-coiner and no-coiner. For me it's lack of seriousness when you should display commitment towards your accumulation journey. Lazy practices brings lazy results and that's why the no-coiner might never have Bitcoin after a long time because they keep speculating and don't take action and a low-coiner continues to make little or no progress in his accumulation journey since he's gambling with Bitcoin at a time he should be investing with commitment and dedication.

Waiting for a price drop to start investing is the biggest mistake a person can make and makes him lazy. He even gives in to procrastination and misses out on market opportunities. By waiting for a price drop or dip, you will only miss out on buying opportunities and delay reaching your goals or you will not be able to start your journey towards your goals. It is still better to start investing and be consistent in any market situation without focusing on the market, even better for you if you can ignore the price list and focus yourself on consistent buying.

People who wait for the Dip before they start investing or buying are traders because it is obvious there intention is to buy low and sell when the price goes up which sometimes the market will not even dip to that amount they want it to Dip and this is unlike Bitcoin investors because while they are expecting the Dip they are busy accumulating using the DCA method which is termed and recognize as the best strategy which allows both poor and rich to buy and hold Bitcoin for a long period of time as that is the best approach ( long term) because if you are not holding for a long term you are already making a financial mistake because Bitcoin is suppose to give you profit in a twinkling of an eye.

[BitBakerr1]

[edited out]

What is the function of the emergency fund, is it not there to protect your investment, if you see the need to borrow your emergency fund to stock your investment and replace it immediately, I don't think there is anything wrong in you using your emergency fund to accumulate Bitcoin.

Let's take for instance that the funds in your wallet is not enough and due to network issue, you can't fund your wallet from your local currency for you to buy your needed satsh and you have your emergency funds with you, are saying that you are not going to buy the present low price will you allow the opportunity passes you by all just because you don't want to temper your emergency fund .

Emergency funds is for both your accumulation of your Bitcoin and your personal expenses, in a situation like these where network is very bad and transactions of my local currency into my bitcoin wallet is very bad, i will prefer to buy aggressively with my emergency funds because I don't know what the price will be at the next minute when network will be okay, therefore I will use it and replace it immediately except for those that does not have any means of replacement, but even at that you can still use part of it, not all, I don't want to believe that a serious minded investor that is hodling for a long-term will not means of replacing emergency funds if tempered.

Of course you can do whatever you like, but if you are not able to build up extra emergency funds that are ONLY touched upon actual emergencies, then you might be contributing to your own issues of having to dip into emergency funds, and not employing strong enough cashflow management.

Yes, I know it is difficult for poor people to build emergency funds, and I agree that it could take a year or two just to get an emergency fund that is equal to 3 months of expenses, perhaps at the same time as building up the bitcoin investment up to a similar size. 

I suspect that if you feel that it is o.k. to be always dipping into your emergency fund, then you are likely setting yourself up to situations in which you run out of emergency funds, and you have no choice but to sell your bitcoin at a time that was not necessarily a time of your own choosing.. .which likely means, you are never going to really advance to a point where you are building your wealth in significant and meaningful ways that also allows you to enjoy the benefits of compounding value.

Yes you are right JJG anyone who is into bitcoin investment and his not building up extra emergency funds is really getting his self into a situation that will lead him to dip hands into his investment, emergency funds is a financial backup in case of unexpected expenses and not having it or not trying to build one will lead you to sell off your accumulated Bitcoin there by interrupting your investment journey by slowing you down or stopping your investment.

Yeah it will actually take longer time for a poor person to build an emergency funds but it worth doing because it will save your bitcoin investment when there's an emergency, building this emergency funds is a sacrifice you have to make in other to succeed in the future.

You are right JJG those who always feel that it is ok to be always dip hands into there emergency funds when ever they face a little issue will run dry there emergency funds quickly and will still dip hands into there Bitcoin there by destroying their bitcoin investment, emergency funds should only be used for important things that needs quick attention and not for unserious issues.

[Btcdeybodi]

There is no expensive Bitcoin. Because every time Bitcoin is breaking its record.

What you said here actually got to me because when i hear some people talking about how expensive the price of bitcoin is, i just look at them that they will never own any SAT not to talk of BTC. How can people just conclude that the price of a volatile asset like bitcoin is high when it can skyrocket after they buy and they still make profits from their investment. I also see those who talks about maximizing profits while waiting for the price to fall as those who are lazy and doesn't have believe in the growth of bitcoin because if anyone is talking about maximizing profits then they need to go back to 2010 or 2011 when the price was extremely low and buy bitcoin and hodl. Maximizing profits can depend on how long we hold and what the price of bitcoin could reach in the future or at a time when we may want to take profits from our investment. However, this is still the time to buy bitcoins for someone who have a discretionary income because the price is not expensive now as the price it could get to in time coming, so if you buy bitcoin now, you buy cheaper if you are a long term investor.

[Jewan420]

People who wait for the Dip before they start investing or buying are traders because it is obvious there intention is to buy low and sell when the price goes up which sometimes the market will not even dip to that amount they want it to Dip and this is unlike Bitcoin investors because while they are expecting the Dip they are busy accumulating using the DCA method which is termed and recognize as the best strategy which allows both poor and rich to buy and hold Bitcoin for a long period of time as that is the best approach ( long term) because if you are not holding for a long term you are already making a financial mistake because Bitcoin is suppose to give you profit in a twinkling of an eye.

Just waiting for a bear market does not make you a trader. For a new investor or an investor who is in the early stages of investing, waiting for a specific time in the market is wrong and it reduces your buying opportunities. So, there is no obligation to become a trader if you wait for a bear market.

If you are looking at experienced investors who have enough Bitcoin and are close to meeting or have met their goals, can you call them traders if they wait for a bear market? No, they are still investors. When you chase short-term profits and take action on short-term profit plans, then it is reasonable to call you a trader. But if you wait for a bear market and delay investing, but plan for the long term and hold on for the long term, then you are definitely an investor. Because of waiting, you will miss out on buying opportunities which can lead to regrets which is not at all desirable and is a wrong decision. But waiting to buy won't necessarily make you a trader, if you're a long-termer.

[asarfiar]

~snip~

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.

You still need to research the market before you buy at least that will give you more information about what happen to the market. If you buy at a high, your average buy will increase so you can make a note in your file or buy trade order.

Researching about the market isn't useful for a long term investor because you need to just keep your bitcoin accumulation ongoing, regularly, consistently and persistently irrespective of the price of bitcoin. DCA strategy has given you the better chance to growing your bitcoin investment disregard of whatever is happening in the market.

Even if you use DCA strategy, you still need to know where is the market position, whether if that is up or down. But that will be too complicated. So we will have our own way to do related to Bitcoin investment.

When you are DCAing, your priority is for you to keep on buying whenever you have your discretionary available and focus on building your bitcoin portfolio to reach your bitcoin target irrespective of the price of bitcoin, because in future bitcoin will be more expensive than what you buy it today.

The new investor should know when the time to invest in Bitcoin. Without learn more, they can not just buy Bitcoin randomly because that can make them buy at a high. Besides that, when the price is down, they can panic and worry to see their investment value will go down.

There is no best time to invest in bitcoin, whenever your discretionary income is available, you should get started immediately wether we are in the bull run or bear run because the price of bitcoin shouldn't be your concern since you are not buy one full bitcoin. A new investor should use DCA method to accumulating bitcoin with part of his discretionary income that will enable him keep on buying regularly for 4-10 years and above without stopping.

So are you saying that if the price is high, they shouldn't buy bitcoin, that's not DCA method but buying at the dip. A new investor should already know the basic knowledge about bitcoin that it's volatile in nature and should be a long-term investment. If the price is dipping, as long as he did not sell and using part of his discretionary income to invest, why the panic.

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or hoe dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can  arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

I feel as an investor you need to understand financial planning which means investors to consider thier overall financial situation including emergency funds, before thinking of any investment such as bitcoin, why do you think most investors are having emergency funds is because it provides a safety net, reducing the needs to sell investment during unexpected events.

It is important to have an investor's financial plan. If you do not make a financial plan, you will not be able to deal with any situation A person must have an emergency fund to manage the life of a person And if there is an emergency fund, investment work can be completed from Bitcoin to anything else1 I remember a person used to earn good money and lived a lot of luxury, but he lost all the money because there was no emergency fund. So we need urgent funds to deal with natural disasters that help us to keep Bitcoin in the long term and strengthen portfolio.

[Dunamisx]

A person must have an emergency fund

Let me emphasizes more on this point raised here, there is quite a need for having an emergency fund, however, we should not only be limited to having this alone, instead, we should also have an additional financial source of income whereby we can always revert back to whenever there is needs for doing so in making an investment, this may comes in from the way some of us might have been involved in diversifying our financial asset or investment for times like this, we cant manage to have all the eggs on same backet and still hold on to an emergency fund only, everything may got exhausted at a particular pint and we are going to be left helpless when there is no additional financial source.

[Sonia_123]

Note that people that time the market or people that are suppose to time the market are those investors that haven't gone far in there accumulation so they will want a Dip to take advantage and increase there portfolio.

Mate I think you're getting it all wrong, this set of persons you mentioned are not supposed to even time the market if timing the market should  be seen as a good idea, people that has not gone far in their Bitcoin acumulation are supposed to utilize DCA method to accumulate Bitcoin steadily at any given time and may be buy more at a cheaper price as the price dips but they should not have the mindset of timing the market to mow when the dip will come for them to buy, when we talk about the dip, it makes me laugh because I know that Bitcoin is a volatile asset as such we may think that we are in dip now, in this next seconds we see a different price that we didn't expect, in this kind of investment, buying Everytime should be the major concern of a serious investor irrespective of how small or big ones has accumulated Bitcoin although some investors that have gotten large Bitcoin portfolio may decide to buy when there's slit or temporal dips atleast they may have a reason to justify their actions but as for an investor that still have a long way to go, I don't think it is right to time the market because this may even cause discouragement if care is not taking, so it will be of a thing if an investor at that stage can DCA without season and hodl for a long-term.

People that time the dip in other to investment more mostly still do not even buy at the dip, they still see the dip as been expensive to buy untill they miss out the entire cycle without buying anything, those persons have decided to sit by the wall and watch other investors progress in their Bitcoin accumulation, whereas they end up buying nothing but on regrets,either gone far in their accumulation or not, you are not suppose to time the market for a dip before you can buy and HODL it.
 A real investor continues investing no matter how little the fund is and that is why the DCA strategy is there for those with little funds that wish to  accumulate their port-folio.

[Muba20]

This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or hoe dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can  arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.

For accumulating long-term investments, an investor should first have a good Knowledge of his financial situation. Those who are interested in investing for the long term will definitely be able to accumulate it for the long term if they have a regular income source. Those who have regulars income will be able to maintain Bitcoin for the long term and those who do not have a source of income will be able to maintain Bitcoin for the short term but will lose the ability to maintain that money later. Also, if investors can form an additional reserve fund to maintain Bitcoin for the long term, then they will definitely be able to maintain Bitcoin for the long term without any obstacles. There are many who try to invest for the long term in the beginning but are forced to give up their Bitcoin due to unfavorable circumstances. If a reserve fund is created, you will be able to maintain your Bitcoin even in the event of any accident.