Buy Buy Buy or Sell Sell Sell?

[adultcrypto]

So now why the disagreement?

When we are in same path ( not encouraging others to purchase with their emergency funds) ,try going through post well before replying , because you are just mid quoting me , because I only said not to use your emergency funds to purchase bitcoin just in the name of been aggressive, just try and go through my reply again then you may understand what I was trying to say properly

Emergency funds are always for emergencies. No good investor would encourage anyone to invest part of all of his emergency fund simply because of Dip. Market volatility has no time frame and could be as short or long as no one would actually predict. Emergency funds toe is no longer your fund, it's set aside for life sake.

The current situation of bitcoin is a great opportunity for investors. Maybe traders would finally decide to quit trading for investment this time.

Emergency is not set aside just for life's sake... Emergency fund is for contingencies - good or bad...It's wise to use one's emergency fund in case of dip irrespective of how long or short that dip could be. Great investors will always take advantage of dips even as they still invest during boom. There's no way I will not buy more bitcoins during dip. I operate based on DCA, but dip is when I break the records. I'll still set up emergency funds if I ever get to use them up.

If you form the habit of using your emergency funds whenever there is a dip, you will end up defeating the purpose of the emergency funds. You know there will always be correction in the market, so we cannot continue to exhaust the emergency funds and not run into problems. It is therefore better to use the emergency funds for the purpose of its creation to avoid dipping hands into your bitcoin when you actually have emergency and by then you would have used your emergency funds to make purchase.

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.

This is my point, though I also believe that people can actually stop accumulating if they want to, like in a post I made referencing an old man  Check out this post this could also work for a younger person who doesn't want to accumulate anymore and just wants to live out the rest of their lives without work or stress, not everyone does this though, thats why I said

though has alot of bitcoin in stash, deciding to keep accumulating is more likely than not

"more likely than not" here means that a higher percentage of people would prefer to keep accumulating, but other might stop accumulating, it could be a 60% to 40% ratio, where 60% of people will choose to keep accumulating while 40% won't, this theory supports that while certain people don't want to ever stop accumulating, there are also people who can accumulate enough and stop accumulating while living off their bitcoin stash of 9 maybe 10 years of weekly accumulation of bitcoin using the DCA method

Everyone have their reason for getting started with bitcoin and the target they want to achieve in their bitcoin accumulation. While some might want to acquire 10BTC, there are some that might just target 1BTC and there are even those that will continue to buy as long as they are still in paid jobs so that when they retire, they can sustain the same lifestyle they have while still working, which is like saving for the rainy days. Therefore, there is no general target for bitcoin accumulation instead, you have to figure out what is best for you.  

[Moreno233]

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.

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.

You are mixing up things a lot in your comment because I don't know how you came to the conclusion that those who do not have regular income cannot invest in Bitcoin for long term. Even without a regular cash flow, you can purchase Bitcoin and hold for a long time and you can even work out your Bitcoin accumulation in such a way that you will maintain regular buying even with irregular cash flow, everything boils down to making expanded estimation of how your finances do come and planning accordingly. You can be doing business that bring in money sometimes two months time and other times six months time, you just take the extreme case which is the six months time and calculate your average income within that space. Let me be a little specific, if on the average you have cashflow of $20k in six months time and in some cases you have same amount in two months time, you can do your calculation with the six months cash flow. Lets say your basic needs for the six months will be settled with $10k, you can decide to invest $6k into Bitcoin at $1k per month DCA while using the balance of $4k for emergency funds. If the cashflow takes less than the six months to come in, you can double down on your accumulation since the funds for your basic needs will not change.

No doubt having a regular income makes the entire process easy since you can do all the calculations with ease but that does not mean that without regular income one cannot maintain steady accumulation of Bitcoin. I believe my explanation will give you a little idea of what I'm saying even though I might not have put it excellently well.

[ejikeme24]

For accumulating long-term investments, an investor should first have a good Knowledge of his financial situation.

Of course Before one will think of going for long term investment first you will need to examine yourself very well before you will think of making any investment plans. Because the journey is very far, moreover this journey is not the one you will go and succeed just within a couple of months No" rather it will take some years before it will yield a good profit, except you don't intend to get enough profit from your investment. That's when you can decide either to cut the journey off or you will proceed in getting to the final destination.

[JayJuanGee]

[edited out]

The research will be about the accumulation of money, how they start, what they need to prepare, and else. If they already started, they should stick to their plan in DCA strategy because many people can not do this especially when they see the market too volatile and the price is up and down. More research will be about what they could do if the market like this, and how they can use the current situation for their benefit. The investor do not just want to have the investment but they also want to know how they can make more and more money. So they will research for other things that can benefit them especially add more profit to them.

Throughout your post, you seem to be overly preoccupied about BTC price movements, and trying to figure out aspects of bitcoin, which seems way less important for any newbie, especially in his first cycle or two of ongoingly accumulating bitcoin - hopefully within his discretionary income.

I am not opposed to guys learning various basic things, yet likely they have to learn about their own finances and psychology more so than trying to figure out details about bitcoin, beyond that it is volatile and price tends to go up over time. 

They can learn about their individual factors while they are investing into bitcoin.. but they need to get started, don't get worked up about the price, and perhaps consider that they will be buying bitcoin for 4-10 years or longer, unless they are able to front load into it.  Most people are not able to front load into bitcoin or into any other investment, yet if they are able to front load into it, then they might not need to remain in a strict accumulation stage for 4-10 years or more... but surely they have more options when they have actual lump sum money available... which would allow them to consider their three buying options of DCA, buy dips and/or buying right away.

[edited out]

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.

Why would anyone need to plan in advance?  Sure it is good to know that the person has a discretionary income, and if he does have a discretionary income then he can get started right away, and also he can plan as he goes.  there is no need to delay investing into bitcoin based on some abstract idea of planning, since one of the better ways to learn about bitcoin is to start to buy it, whether that is $100 per week or some other amount that works for the newbie's budget.

[edited out]

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.

How is your system working for you?  You have been registered on the forum for nearly 10 years, so presumptively you have gotten enough bitcoin by now yet maybe if you have ongoingly been employing whimpy bitcoin accumulation strategies, then you are still fucking around with accumulating bitcoin, when maybe you should have had been able to get enough by now?

Let's say that you had aggressively bought bitcoin since the beginning of your forum registration - let's say 15% of your income invested into bitcoin no matter the BTC price, then where would you be right now?

Let's say that you had an income around $35k per year, and you were investing $100 per week (which is $5,200 per year) and that would be 15% of your income, approximately and truly doable.

By now you would have had invested right around $51.2k (close to 150% of your annual income), and you would have had accumulated just over 25 BTC.

As of right now, 25 BTC would give you a 200-WMA value of nearly $1.2 million and a spot price value of $2 million, which surely I think would be more than enough to actually be able to start to live off of your bitcoin rather than having to continue to stack bitcoin.  Of course, you can plug in your own numbers, yet I was using a 15% investment rate in order to show a point that there are situations in which you, or anyone else who had gotten started in bitcoin in mid-2015 could have had stacked way more than enough bitcoin to be able to live off of the bitcoin at their current income rate or perhaps even at an income rate that is several times higher than their current income rate, merely from the employment of an ongoing, persistent and consistent accumulation strategy and not fucking around trying to figure out when to buy and all of that misleading and unimportant bullshit distracting information.

By the way, if we go by the 200-WMA, then we could presume that you would be close to being able to withdraw around $120k per year, which is right around 3.4x your current hypothetical $35k income.

Even if your income had been higher, such a $52k per year, and you were investing at 10% per year rather than 15% per year, you still could have had achieved a situation of being able to more than double your income and to live off of your bitcoin into perpetuity based on a current status of having had accumulated 25 BTC.

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.

It is true that we want to attempt to employ practices and to create systems in which we never have to dip into our emergency funds, and of course, our emergency funds are likely our last layer of protection before we have to tap into our bitcoin, so if we are getting into a situation in which we are tapping into our emergency funds, that is likely a sign that something is wrong with our finances and/or our financial situation to have had gotten to such a state of having to tap into our emergency funds.

Of course, if we are still building our emergency funds, it would be more likely that we would end up tapping into them, but once we have established our emergency funds and our reserve funds, we likey would be using up our reserve funds prior to tapping into our emergency funds, and unless there were an actual emergency, we would not tap into our emergency funds, and buying BTC on the dip is not an emergency, at least the last time that I checked, but if some guys cannot tell the difference, then they might wrongly conclude that buying the dip is an emergency, when it is not.. and so live and learn and hopefully they do not end up putting themselves into a situation in which they end up having to sell their bitcoin at a later date becaue they had ended up engaging in bad/sloppy/irresponsible/gambling-like cashflow management practices.

For accumulating long-term investments, an investor should first have a good Knowledge of his financial situation.

Of course Before one will think of going for long term investment first you will need to examine yourself very well before you will think of making any investment plans. Because the journey is very far, moreover this journey is not the one you will go and succeed just within a couple of months No" rather it will take some years before it will yield a good profit, except you don't intend to get enough profit from your investment. That's when you can decide either to cut the journey off or you will proceed in getting to the final destination.

Many of us like to consider a bitcoin investment journey as 4-10 years or longer, and sure it is important to consider if we are able to commit to 4-10 years or longer, yet we still could get started in bitcoin without making such a commitment to 4-10 years or longer, but tentatively be considering that we may well be able to commit to 4-10 years or longer at some later point down the road.

Another thing is to figure out what our bitcoin position size might be, and surely it could make a difference if we are being aggressive in our bitcoin investment orif we are being whimpy, which also gets back to potentially sorting out various aspects of ourselves and our cashflows so that we might be able to better determine the extent that we are even able to get aggressive in our bitcoin investment approach, versus if we might have other investments that we might be considering to involve ourself in as well. 

There are 9 individual factors that can be considered in the context of investing into bitcoin, whether we are newbie investors or if we maybe have been investing into bitcoin for a whole cycle or more.

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.

[Derekfunds]

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.

Good management skill is what an investor should have in order to scale through and go far in there investment because any investor that doesn't have a good management skill whether they have a regular source of income or not they can not make it  in Bitcoin investment. Management skill is as important as having a having stable source of income, keeping your discretionary, your emergency funds and reserve funds because these are things that you can not carry out your investment smoothly without them. Most people wants to be a Bitcoin holder because of the potential Bitcoin has but the problem is consistency, determination etc. They allow the small profit the market present to them after a short time of investment to get over them, any investor that take way this spirit of harvesting when it is not due will always reap more when it is due, we should know what we want and make it a priority.

[ejikeme24]

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.

Yeah, I think you're very much correct when you said that is very important for new investors to start from bitcoin investment. Because this will also enable them have a Long term investment idea, because the reason why most of this new investors are finding it very hard to invest in the Long term is because they only have short term experience. It might be that they started this crypto journey by investing in those shitcoins which can profit them within a short period of time, which is why they always find it very difficult when investing in the long run. But when you recommend new investor to bitcoin investment more especially when they are still getting started, with time they will get used to it and then they can even prioritize bitcoin investment over other crypto investment.

[Fara Chan]

...

Of course Before one will think of going for long term investment first you will need to examine yourself very well before you will think of making any investment plans. Because the journey is very far, moreover this journey is not the one you will go and succeed just within a couple of months No" rather it will take some years before it will yield a good profit, except you don't intend to get enough profit from your investment. That's when you can decide either to cut the journey off or you will proceed in getting to the final destination.

Think more simply if you want to start investing in Bitcoin in the long term, such as not having to think about profits immediately before starting it even though everyone knows that the purpose of investing in Bitcoin is to be able to have profits when you have run it in the long term. Because from some people that I see, they tend to take a long time to start it just because they still have reasons to prepare themselves and so on even though they have sources of income that they can use for that.

So if there is indeed an intention to start investing in Bitcoin with a long-term target, I think everyone can start it as early as possible as long as they have a source of income that they can share to do so rather than thinking more which continues to waste time and not starting it until now. The advice you said does not seem bad, but for those who already have the intention and determination for it, it is very good to start it immediately without delaying by putting more reasons as obstacles.

[maydna]

Please take a look what I am saying and understand what I bold.

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.

That means, for new investor they are lack of knowledge about investing in Bitcoin and even they know about DCA, they still need to learn more details so they can have more knowledge and improve themselves. Until here, I hope you understand. But if not, hmm I don't know what I have to say.

I guess there is a misunderstanding here between the word "As a new investor in the past" that I am saying and "if they already understand how to do DCA, they will still buy Bitcoin even if the price is high" which is two different people.

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.

I agree with DCA method works best for those who want to invest in Bitcoin even I used that for myself. But for me, while I doing my DCA, I watched the price moves and not stop buying Bitcoin when the time to buy come, no matter what is the price now.

Let we assume we are new investor and not have much knowledge about DCA. Do you just buy Bitcoin and follow what you understand without learning more related to DCA? There is two option that we will take.

1. You still buy Bitcoin using DCA following your understand without learning more.
2. You buy Bitcoin using using DCA but you want to learn more related to DCA so you can know more about that.

If you have more knowledge about DCA and the market situation, you can apply that for your investment.

Is checking the market conditions before buying with DCA a mistake?

~snip

Throughout your post, you seem to be overly preoccupied about BTC price movements, and trying to figure out aspects of bitcoin, which seems way less important for any newbie, especially in his first cycle or two of ongoingly accumulating bitcoin - hopefully within his discretionary income.

I am not opposed to guys learning various basic things, yet likely they have to learn about their own finances and psychology more so than trying to figure out details about bitcoin, beyond that it is volatile and price tends to go up over time. 

They can learn about their individual factors while they are investing into bitcoin.. but they need to get started, don't get worked up about the price, and perhaps consider that they will be buying bitcoin for 4-10 years or longer, unless they are able to front load into it.  Most people are not able to front load into bitcoin or into any other investment, yet if they are able to front load into it, then they might not need to remain in a strict accumulation stage for 4-10 years or more... but surely they have more options when they have actual lump sum money available... which would allow them to consider their three buying options of DCA, buy dips and/or buying right away.

So that's no problem, right?

Besides, we assume new investors will not have enough knowledge as the veteran as you or others. How come they will make a big profit in the future if they don't learn more about what they do including how to manage their psychology especially when the bearish come? That is the basic.
Many people fall from their DCA when the price suddenly drop too deep and seem can not rise again. But only small percentage who can enjoy their big profit and that is those who have much knowledge.

They can still running their DCA but they can also buy more amount when the dip come so they will have more Bitcoin amount.

~snip

How is your system working for you?  You have been registered on the forum for nearly 10 years, so presumptively you have gotten enough bitcoin by now yet maybe if you have ongoingly been employing whimpy bitcoin accumulation strategies, then you are still fucking around with accumulating bitcoin, when maybe you should have had been able to get enough by now?

Let's say that you had aggressively bought bitcoin since the beginning of your forum registration - let's say 15% of your income invested into bitcoin no matter the BTC price, then where would you be right now?

Let's say that you had an income around $35k per year, and you were investing $100 per week (which is $5,200 per year) and that would be 15% of your income, approximately and truly doable.

By now you would have had invested right around $51.2k (close to 150% of your annual income), and you would have had accumulated just over 25 BTC.

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

[Yoona_As]

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

[I_Anime]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

[Tonimez]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
 Wrongly introduced into bitcoin  investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

[Barikui1]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
 Wrongly introduced into bitcoin  investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

I don't think that this is true, am talking about the bold words in your statement, a trader will always be a trader, even though he or she start investing after a series of losses, he will be unable to hold for long because the urge to sell for minimal gains will still be there.
Or do you think that a former trader will not sell his holdings if Bitcoin is at $109k when he actually bought it at $50k?
Though change is constant, and he can change, but it would be extremely difficult for such fellow not to sell for minimal gains anytime their is a sharp increase in value of Bitcoin, because the urge for quick profit will not just die overnight.

 Then lastly, that idea of selling to buy back is a stupid idea that should be avoided by all means, because thinking that you can outsmart the market is one thing that makes traders to lose money or miss out on so many buying opportunities, because the market is too unpredictable to be selling off the little you have acquired, when you should be buying and adding more to your stash.

[Sim_card]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
 Wrongly introduced into bitcoin  investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

I don't think that this is true, am talking about the bold words in your statement, a trader will always be a trader, even though he or she start investing after a series of losses, he will be unable to hold for long because the urge to sell for minimal gains will still be there.
Or do you think that a former trader will not sell his holdings if Bitcoin is at $109k when he actually bought it at $50k?
Though change is constant, and he can change, but it would be extremely difficult for such fellow not to sell for minimal gains anytime their is a sharp increase in value of Bitcoin, because the urge for quick profit will not just die overnight.

 Then lastly, that idea of selling to buy back is a stupid idea that should be avoided by all means, because thinking that you can outsmart the market is one thing that makes traders to lose money or miss out on so many buying opportunities, because the market is too unpredictable to be selling off the little you have acquired, when you should be buying and adding more to your stash.

Nothing is impossible when you are determined to achieve success. A trader might have realized his mistakes after several losses that trading is gambling and because he wants to have more bitcoin, can choose to retrace his steps back to investing. Some traders think that through trading, they can multiply their bitcoin holdings and when they realized that it is not possible, they abandoned trading and focus on long-term investment.

I could remember of someone that I changed his orientation of trading to investing because he didn't know that investing is more profitable in the long run. After complaining to me, I used the idea of saving in the bank for a very long time to achieve something important when the money has accumulated to your desired amount. He didn't waste time to start his long-term bitcoin investment journey with DCA.

Currently, he is happy that he's not incuring losses but increasing his bitcoin portfolio gradually slow and steady. There are also some investors that can testify to this that they were trading before but after major losses, they switched into long term investment and they're happy they made the right decision.

All it takes is your mindset and determination to become a long-term investor and have every important and necessary things in place for you to holdi for the desired time of your choice.

[ZeroVinsonN]

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.

Yeah, I think you're very much correct when you said that is very important for new investors to start from bitcoin investment.

Starting with bitcoin when starting out your investment journey gives you an edge to solidify yourself as an investor instead of a trader, this is because there aren't other investments to distract you as a quick profit from a different investment (this could entirely be due to luck, there are also other factors that can cause this) might influence you to sell your bitcoin in order to make another quick profit which will ultimately backfire once you start losing your investment, so newbies should stick to bitcoin, build their experience and after which they can consider other assets if they want to.

Because this will also enable them have a Long term investment idea, because the reason why most of this new investors are finding it very hard to invest in the Long term is because they only have short term experience.

Every new investor in bitcoin has little to no experience on bitcoin investment because they are new, most try to acquire knowledge, but knowledge isn't experience, being ill experienced as a newbie is not a fault, choosing to stay ill experienced after already becoming an investor, not broadening your horizon becomes a problem and that's why they have issues along their investment journey which discourages them and pushes them to turn their sights to trading

 It might be that they started this crypto journey by investing in those shitcoins which can profit them within a short period of time, which is why they always find it very difficult when investing in the long run.

This is a mistake alot of people make, not that I blame them, misinformation can lead people to make financial mistakes that can ruin them in the future, people need to know that bitcoin is the only cryptocurrency worth investing in and people need to know this, most newbies in the space don't know about this, there is this fear that bitcoin is to expensive compared to the others so they want to put their money in the less expensive one which they are mislead into believing that these other shitcoins can be of good benefit to invest in.

But when you recommend new investor to bitcoin investment more especially when they are still getting started, with time they will get used to it and then they can even prioritize bitcoin investment over other crypto investment.

Newly recommended investors to bitcoin should be made aware that investing in shitcoins can/will lead to financial loss, naturally experience helps people improve and become better in their investment life, but the experience doesn't have to be the newbies own, they can learn from other who have seen that bitcoin investment beats other shitcoin investment, they can also learn from people who have invested in shitcoins and have seen the amount of mony they lost in the process.

[BitBakerr1]

For accumulating long-term investments, an investor should first have a good Knowledge of his financial situation.

Of course Before one will think of going for long term investment first you will need to examine yourself very well before you will think of making any investment plans. Because the journey is very far, moreover this journey is not the one you will go and succeed just within a couple of months No" rather it will take some years before it will yield a good profit, except you don't intend to get enough profit from your investment. That's when you can decide either to cut the journey off or you will proceed in getting to the final destination.

Many of us like to consider a bitcoin investment journey as 4-10 years or longer, and sure it is important to consider if we are able to commit to 4-10 years or longer, yet we still could get started in bitcoin without making such a commitment to 4-10 years or longer, but tentatively be considering that we may well be able to commit to 4-10 years or longer at some later point down the road.

Another thing is to figure out what our bitcoin position size might be, and surely it could make a difference if we are being aggressive in our bitcoin investment orif we are being whimpy, which also gets back to potentially sorting out various aspects of ourselves and our cashflows so that we might be able to better determine the extent that we are even able to get aggressive in our bitcoin investment approach, versus if we might have other investments that we might be considering to involve ourself in as well. 

There are 9 individual factors that can be considered in the context of investing into bitcoin, whether we are newbie investors or if we maybe have been investing into bitcoin for a whole cycle or more.

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.

When a newbie wants to start Bitcoin investment considering 4-10 years or longer investment should be something that he should be thinking about if your investment plan is below 4 years then you are not an investor but a trader, and yes you are right JJG it may look difficult when we decide to start accumulating and holding for 4-10 years or longer but just like you said we may well be able to commit to 4-10 years or longer at some later point down the road and that's because as we keep our investment going we will see more reasons to continue.

Yeah you are correct JJG it is very important we figure out what our bitcoin position size might be because it will help us a lot in determining how aggressive we should go in our Bitcoin accumulation journey, someone who is able to figure out what his bitcoin position size might be will surely fine it much easier than someone who has not because figuring it out helps you map out your plans very well on our to reach that Bitcoin position size.

i must commend you Sir on your well given explanation on those 9 individual factors that can be considered in the context of investing into bitcoin it is a very helpful write up.

I agree with you that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, for me diversify into other assets beyone bitcoin at an early stage of there investment will surely cause them distraction which may even lead to them becoming slow in there accumulation journey so diversifying is better done when they have reached a certain stage in there accumulation.

[Tmoonz]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
 Wrongly introduced into bitcoin  investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

I don't think that this is true, am talking about the bold words in your statement, a trader will always be a trader, even though he or she start investing after a series of losses, he will be unable to hold for long because the urge to sell for minimal gains will still be there.
Or do you think that a former trader will not sell his holdings if Bitcoin is at $109k when he actually bought it at $50k?
Though change is constant, and he can change, but it would be extremely difficult for such fellow not to sell for minimal gains anytime their is a sharp increase in value of Bitcoin, because the urge for quick profit will not just die overnight.

 Then lastly, that idea of selling to buy back is a stupid idea that should be avoided by all means, because thinking that you can outsmart the market is one thing that makes traders to lose money or miss out on so many buying opportunities, because the market is too unpredictable to be selling off the little you have acquired, when you should be buying and adding more to your stash.

I disagree with you saying that a trader will always be a trader, there are those that came in to Bitcoin as a trader for short term profit maximization while at some point they gain profound knowledge about the market that change their narrative of realizing that it is more profitable over the long term, less risky and accommodating compared to trading for short term, both trading and investing are mindset which can be change, my point is that a trader can become an investor and there no point doubting about it because it is a reality.

[Agbamoni]

Another thing is to figure out what our bitcoin position size might be, and surely it could make a difference if we are being aggressive in our bitcoin investment orif we are being whimpy, which also gets back to potentially sorting out various aspects of ourselves and our cashflows so that we might be able to better determine the extent that we are even able to get aggressive in our bitcoin investment approach, versus if we might have other investments that we might be considering to involve ourself in as well. 

There are 9 individual factors that can be considered in the context of investing into bitcoin, whether we are newbie investors or if we maybe have been investing into bitcoin for a whole cycle or more.

I totally agree with you here. Being aggressive or whippy on our invest should be done based on how well we have position ourselves in terms of our cashflow. If we invest overaggressive without sorting out how we can manage some aspect of our life like lifestyle, debt management or other things we are may be addicted to spend with the reserve funds it may result to nothing in the end.  

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.

Diversification is good but it can be difficult for those investors to know when they are ready to start diversifying into another asset. From my experience they really need to know how solid their bitcoin Porfilio to ensure they are comfortable in holding it as long as they want to regardless of price swings. Not just any amount is possible. Remember when they are diversifying, they can keep accumulating bitcoin but this time the percentage of their discretionary income in bitcoin will be less. After checking the solidarity of their bitcoin portfolio i feel the next thing, they should know is how stable their income is to keep up with the diversification so that it won't stretch them too thin. Diversification can be a burden when the source of discretionary income is shaky, it will take cashflow confidence to have a consistence diversified portfolio. The last thing i did, was to figure out if the reason i am diversifying aligns with my long-term goals. This allows me to stay focused knowing full well that my bitcoin is the most priorities. The reason why i started diversifying into other asset is because in the long run i can choose to take profit from those other investment while i leave my bitcoin to keep running longer.  

[Bitcoin.com97]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

[I_Anime]

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
 Wrongly introduced into bitcoin  investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

I don't think that this is true, am talking about the bold words in your statement, a trader will always be a trader, even though he or she start investing after a series of losses, he will be unable to hold for long because the urge to sell for minimal gains will still be there.
Or do you think that a former trader will not sell his holdings if Bitcoin is at $109k when he actually bought it at $50k?
Though change is constant, and he can change, but it would be extremely difficult for such fellow not to sell for minimal gains anytime their is a sharp increase in value of Bitcoin, because the urge for quick profit will not just die overnight.

 Then lastly, that idea of selling to buy back is a stupid idea that should be avoided by all means, because thinking that you can outsmart the market is one thing that makes traders to lose money or miss out on so many buying opportunities, because the market is too unpredictable to be selling off the little you have acquired, when you should be buying and adding more to your stash.

I disagree with you saying that a trader will always be a trader, there are those that came in to Bitcoin as a trader for short term profit maximization while at some point they gain profound knowledge about the market that change their narrative of realizing that it is more profitable over the long term, less risky and accommodating compared to trading for short term, both trading and investing are mindset which can be change, my point is that a trader can become an investor and there no point doubting about it because it is a reality.

Well said , yeah there are some folks that switch from being a trader to become a bitcoin investor ( especially those that trading wasn’t working for them ) , while they are some doing both , but still I won’t advise anyone to trade with their bitcoin rather accumulate more.

So there are some skill traders who are also into bitcoin investment because they also see the potential in it , the reason why investing is preferable is because anybody can do it while trading not everyone can do it even when one have a lot of capital to start without any knowledge , it may only lead to waste of valuable resources.

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

Welcome , well all you have to do is to be active in this board and you will surely understand how bitcoin investment works and I will also urge you to do your own research while you learn here  , but at first forget about the selling part   and focus in the buying part .

[Odohu]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.