Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

Isn't that obvious that he's just making an assumption? Moreover I think the wise and the rich are the ones that engage themselves in buying bitcoin aggressively the most, reason is because they have a steady source of income that they can use to load thier discretionary income so as to enable them invest with any amount they wish to go with

You can be an intelligent investor, and get success as well as great profit with Bitcoin investment if you have a proper capital management and investment strategy.

Well @Catenaccio your explanation might look appealing or good to you about ejikeme statement, but I expected more explanation from you, like saying that investing aggressively has nothing to do with only the Rich but it's an individual capacity to invest consistently with what they can afford to lose. First and foremost who do you consider to be rich? For me  everyone is rich according to their level of income or  their net worth. I might have a total net worth of $2k and consider myself rich to a person who's net worth is $1k. and a person of $1k will see himself richer than a person with $500 worth. So in Bitcoin investment don't think that it is %100 guaranteed that a person with higher net worth or high income must  invest higher. Some folks may be rich but chose to be whympy in terms of investment than an average person.

Of course there is a difference between income and networth, and as we know many folks earn an income and they spend from their income for expenses, so if they have any money left (usually referred to as discretionary income), then they can build networth from their discretionary income.  Sometimes folks will also have assets transferred over to them, so they do not necessarily consider spending their assets, unless their current income does not cover their intended expenses.

Then in investment management, you don't need to purchase bitcoin aggressively, it has nothing to do with your success.

As far as I know there is nothing wrong investing aggressively provided you have a strong financial backup that can sustain your emergency, discretion and backup funds. Aggressive investment helps to increase the level of ones portfolio and will leed to meeting up your accusation timeline quickly. But The only problem about investing aggressively is when you don't have a strong financial backup, it better you don't invest aggressively. Because if you try it, it will make you use or spend your discretion and emergency fund. after you might have end up using off all your emergency fund plus discretion fund, entually it will leed to selling off your Bitcoin.

So in the aspect of aggressive investment, it is good to be aggressive but when you don't have a strong financial backup system then your aggressive investment becomes overaggressive.

You have a strange way of expressing these matters.   The general state is that guys build up emergency funds and reserve funds as various forms of back up funds, and so the build up of back up funds comes from discretionary income.

Generally speaking, the extent to which someone is aggressive or not comes from spending within his discretionary income, so if he is spending beyond his discretionary income then he may well be being overly aggressive unless he is spending from his reserve funds, but if his reserve funds are getting depleted down to a point in which emergency funds might need to be spent, then that level of aggressiveness may well be overly aggressive... .. so guys do have to keep track of their level of aggressiveness, and if they overdo it, they might not know immediately, and they may even get lucky in terms of not running out of funds or suffering any cash shortage issues.. evn though we know that every month there is some need to balance out spending and figuring out how much discretionary funds to spend on what kinds of things, whether consumption or investment.

If aggressively purchases mean something like loans, leverage, it's not good strategy.

Actually taken loan to invest may not be totally being aggressive provided you can be able to pay back the loan with your source of income, but if your income generation per month is withing the axis of $1k and you are taken a loan of $5k with interest rate of maybe %20 per month and you are hoping to pay back gradually from your salary and you know that this will affect your afterwards then you are investing overaggressively.

This sounds correct, even though your example is a bit unrealistic.  Surely getting a loan to buy bitcoin may well be reasonable depending on the terms of the loan.. the length and the various fees, and surely if a loan has an interest rate of less than 6% annualized, it may be reasonable, but even if loan terms are reasonable, it might not be a good idea to get a loan, even though guys can decide what they want to do from their circumstances.

Investment success has nothing related to your investment capital like whether it is big or small.

I think you are a little bit lost in your proclamation, if investment capital weather big or small does not have anything to do with your success then what else will determine your success. As far as I know the capital invested in Bitcoin either big or small constantly is the reason why Bitcoin portfolio increase overtime couple with volatility. What else do you want to explain?

Historically, guys have profited quite well from bitcoin, even with relatively small investments, but past performance does not guarantee future results... and yeah, you are correct with the point that the more you invest, the more ability that you have to profit, as long as you are managing your cashflow well.  Some times guys will make mistakes with their overinvestment, and even contribute to their own emotions when the BTC price falls, they may well have troubles tolerating the downward volatility due to their level of investment,. and they might not realize that they had overinvested until going through some kind of an extended period of downward BTC price movements.

Some guys who might have come to bitcoin ONLY in the past 3 years might not really realize the impact of extended downward bitcoin price movements, since bitcoin prices have mostly been up in the past 3 years.  Sure there have been some downward movements, yet if they came to bitcoin after mid-2022, they might have had been accumulating during that time and not realized the difficulties that come from going through extended periods of down.. after having had already established a bitcoin position.

[Jostern]

Being aggressive with one’s investments can also be a good thing and may also have its benefits if it’s done wisely and moderately. The most important thing is to look and identify the best way to strike a balance between being aggressive and being overly aggressive.

One should also prioritize having a very solid cash flow management plan and some backup funds (emergency and reserve/float funds) in place, as this provides a safety net and also giving room for more aggressive investment strategies. This is simply all about identifying and knowing one’s financial situation/boundaries and knowing exactly how to manage the risks involved.

Take note: aggressively, wisely and moderately can never be in the same category. When you choose to invest aggressively, you have chosen to take the highest risk and there is nothing wise being the highest risk taker. A moderate investor can not invest aggressively and vice versa. Moderate is to be neutral in between low and high risk but aggressive is to disregard any form of caution and embark on adventure in this space.

Of course, there's reward for every strategy as far as this crypto space is concerned. While being aggressive with your investment is not ideal, it also comes with the highest reward if it works for you and likewise the risk if it backfired. The best financial decision is often the most boring one and the patient investor always win.

You can categories buying aggressively as taking the highest risk when the investor over do it in a way that it will affect his bitcoin investment, but if the reserve fund to accumulate Bitcoin aggressively is available I believe it's one of the best way to have enough bitcoin stack expecially when it's been done when the bitcoin price is low.

  Buying aggressively and consistently is more efficient when you have a stable income and good financial plans. It can become risky when you do not have a good financial strategy, When you over do it can become Risky when you  cannot take care of your needs because of aggressive buying of Bitcoin, But It is good to trust the market and buy consistently when there is well-structured financial strategy. 

[Figerland Shamrock]

A good investment strategy starts with how you manage your capital for investment and other things beyond investment including emergency fund. Then in investment management, you don't need to purchase bitcoin aggressively, it has nothing to do with your success. A good strategy is invest what you afford to lose, with capital you feel most comfortable for your investment. If aggressively purchases mean something like loans, leverage, it's not good strategy.

Investment success has nothing related to your investment capital like whether it is big or small. If you invest in a right asset with good strategy, you get great investment ROI, and that means your investment success and profit.

As long as we are able and can balance it with the income we have, why not? There is nothing that prohibits us from aggressively buying bitcoin, in fact it can be a pretty good thing, it just needs to be underlined that in this case we have to see whether we can minimize the risk or not because this is clearly closely related to our financial condition.

If we really can't balance it, it might be better not to do it, but when we can balance the income we get, the expenses we make and of course the investment, then I think there is no problem, in fact it will be a pretty good thing because we have the potential to get more bitcoins.

I personally want to do that but I realize that my financial condition is not good enough to handle aggressive purchases because I also have many needs so I don't do it, but that doesn't mean we shouldn't make aggressive purchases because as long as we can, do it.

Therefore we must be able to balance our income, at least there is a fixed monthly salary so we can still invest normally or aggressively depending on how our own expenses are managed.

Because I myself cannot force it when it cannot balance with monthly income, investing as usual does not need to be aggressive, it's just that we usually always have a monthly incentive, so that is what is used to buy bitcoin, so it can be said to be a little more aggressive in purchasing bitcoin.

Sometimes I am the same, sometimes monthly expenses are not decisive, therefore every time I get an incentive from the office, it is specifically for buying bitcoin, while monthly expenses can still be covered by salary.

[Tonimez]

Isn't that obvious that he's just making an assumption? Moreover I think the wise and the rich are the ones that engage themselves in buying bitcoin aggressively the most, reason is because they have a steady source of income that they can use to load thier discretionary income so as to enable them invest with any amount they wish to go with

You can be an intelligent investor, and get success as well as great profit with Bitcoin investment if you have a proper capital management and investment strategy.

Well @Catenaccio your explanation might look appealing or good to you about ejikeme statement, but I expected more explanation from you, like saying that investing aggressively has nothing to do with only the Rich but it's an individual capacity to invest consistently with what they can afford to lose. First and foremost who do you consider to be rich? For me  everyone is rich according to their level of income or  their net worth. I might have a total net worth of $2k and consider myself rich to a person who's net worth is $1k. and a person of $1k will see himself richer than a person with $500 worth. So in Bitcoin investment don't think that it is %100 guaranteed that a person with higher net worth or high income must  invest higher. Some folks may be rich but chose to be whympy in terms of investment than an average person.

Of course there is a difference between income and networth, and as we know many folks earn an income and they spend from their income for expenses, so if they have any money left (usually referred to as discretionary income), then they can build networth from their discretionary income.  Sometimes folks will also have assets transferred over to them, so they do not necessarily consider spending their assets, unless their current income does not cover their intended expenses.

Then in investment management, you don't need to purchase bitcoin aggressively, it has nothing to do with your success.

As far as I know there is nothing wrong investing aggressively provided you have a strong financial backup that can sustain your emergency, discretion and backup funds. Aggressive investment helps to increase the level of ones portfolio and will leed to meeting up your accusation timeline quickly. But The only problem about investing aggressively is when you don't have a strong financial backup, it better you don't invest aggressively. Because if you try it, it will make you use or spend your discretion and emergency fund. after you might have end up using off all your emergency fund plus discretion fund, entually it will leed to selling off your Bitcoin.

So in the aspect of aggressive investment, it is good to be aggressive but when you don't have a strong financial backup system then your aggressive investment becomes overaggressive.

You have a strange way of expressing these matters.   The general state is that guys build up emergency funds and reserve funds as various forms of back up funds, and so the build up of back up funds comes from discretionary income.

Generally speaking, the extent to which someone is aggressive or not comes from spending within his discretionary income, so if he is spending beyond his discretionary income then he may well be being overly aggressive unless he is spending from his reserve funds, but if his reserve funds are getting depleted down to a point in which emergency funds might need to be spent, then that level of aggressiveness may well be overly aggressive... .. so guys do have to keep track of their level of aggressiveness, and if they overdo it, they might not know immediately, and they may even get lucky in terms of not running out of funds or suffering any cash shortage issues.. evn though we know that every month there is some need to balance out spending and figuring out how much discretionary funds to spend on what kinds of things, whether consumption or investment.

If aggressively purchases mean something like loans, leverage, it's not good strategy.

Actually taken loan to invest may not be totally being aggressive provided you can be able to pay back the loan with your source of income, but if your income generation per month is withing the axis of $1k and you are taken a loan of $5k with interest rate of maybe %20 per month and you are hoping to pay back gradually from your salary and you know that this will affect your afterwards then you are investing overaggressively.

This sounds correct, even though your example is a bit unrealistic.  Surely getting a loan to buy bitcoin may well be reasonable depending on the terms of the loan.. the length and the various fees, and surely if a loan has an interest rate of less than 6% annualized, it may be reasonable, but even if loan terms are reasonable, it might not be a good idea to get a loan, even though guys can decide what they want to do from their circumstances.

Investment success has nothing related to your investment capital like whether it is big or small.

I think you are a little bit lost in your proclamation, if investment capital weather big or small does not have anything to do with your success then what else will determine your success. As far as I know the capital invested in Bitcoin either big or small constantly is the reason why Bitcoin portfolio increase overtime couple with volatility. What else do you want to explain?

Historically, guys have profited quite well from bitcoin, even with relatively small investments, but past performance does not guarantee future results... and yeah, you are correct with the point that the more you invest, the more ability that you have to profit, as long as you are managing your cashflow well.  Some times guys will make mistakes with their overinvestment, and even contribute to their own emotions when the BTC price falls, they may well have troubles tolerating the downward volatility due to their level of investment,. and they might not realize that they had overinvested until going through some kind of an extended period of downward BTC price movements.

Some guys who might have come to bitcoin ONLY in the past 3 years might not really realize the impact of extended downward bitcoin price movements, since bitcoin prices have mostly been up in the past 3 years.  Sure there have been some downward movements, yet if they came to bitcoin after mid-2022, they might have had been accumulating during that time and not realized the difficulties that come from going through extended periods of down.. after having had already established a bitcoin position.

The good thing about this extended downward period is that it allowed some of those investors from the past 3 years to truly experience what it means by the volatility of bitcoin. Sometimes people are over zealous until the see the two phases of the sledge hammer. This prolonged downward period is coming at the very right time after hitting a staggering ATH leaving people thinking about upwards movement alone. Bitcoin lesson is continuous. A person who got into an adventure that you feel it's all gain, this is the time to also restrict investment to only discretionary income which would help you not to worry about market bias

[As-Soon-As]

A good investment strategy starts with how you manage your capital for investment and other things beyond investment including emergency fund. Then in investment management, you don't need to purchase bitcoin aggressively, it has nothing to do with your success. A good strategy is invest what you afford to lose, with capital you feel most comfortable for your investment. If aggressively purchases mean something like loans, leverage, it's not good strategy.

Investment success has nothing related to your investment capital like whether it is big or small. If you invest in a right asset with good strategy, you get great investment ROI, and that means your investment success and profit.

As long as we are able and can balance it with the income we have, why not? There is nothing that prohibits us from aggressively buying bitcoin, in fact it can be a pretty good thing, it just needs to be underlined that in this case we have to see whether we can minimize the risk or not because this is clearly closely related to our financial condition.

If we really can't balance it, it might be better not to do it, but when we can balance the income we get, the expenses we make and of course the investment, then I think there is no problem, in fact it will be a pretty good thing because we have the potential to get more bitcoins.

I personally want to do that but I realize that my financial condition is not good enough to handle aggressive purchases because I also have many needs so I don't do it, but that doesn't mean we shouldn't make aggressive purchases because as long as we can, do it.

Therefore we must be able to balance our income, at least there is a fixed monthly salary so we can still invest normally or aggressively depending on how our own expenses are managed.

Because I myself cannot force it when it cannot balance with monthly income, investing as usual does not need to be aggressive, it's just that we usually always have a monthly incentive, so that is what is used to buy bitcoin, so it can be said to be a little more aggressive in purchasing bitcoin.

Sometimes I am the same, sometimes monthly expenses are not decisive, therefore every time I get an incentive from the office, it is specifically for buying bitcoin, while monthly expenses can still be covered by salary.

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

[JayJuanGee]

Good news for those who were little bit worried about the drop in the price of Bitcoin - today the price of Bitcoin has increased by about 5.8% and the current price is $93614.00, which is a 7.1% increase compared to the last seven days. Those who have idle money or have some extra money left after paying all the expenses for living or have any source of income from which you regularly get some extra money that you can invest in Bitcoin in the DCA (Dollar Cost Averaging) strategy, whenever you want, you can buy Bitcoin - this way your investment will gradually build up. Which will be a big investment in the future.

There is nothing to be excited about such changes in the market because such events are always happening in the market where it is seen that the market is around $80,000 for some days and then above $90,000 for some days. This is why investors invest in Bitcoin. The market may have gone up a bit now, but investors should not think that the market can go down again from here. Where the market is currently, there is a good chance that the market will go up from here. I expect the market to touch $100,000 at this stage and stabilize there, only then will the market be more positive in the future.

It tends to be a good practice to attempt to prepare financially and psychologically for BTC price moves in either direction.  Of course, many of us bitcoiners realize that an overwhelming majority of the world's population is not sufficiently prepared for UP, and each of us has to continue to decide how much we want to be prepared for UP, and we ONLY have so much in our personal budgets that we are able to invest into bitcoin on a weekly basis in order to continue to build our bitcoin holdings and to make sure that we feel that we have done as much as we can to prepare for UP, even though the overwhelming majority of the world's population is not sufficiently and/or adequately prepared for UP.

Being aggressive with one’s investments can also be a good thing and may also have its benefits if it’s done wisely and moderately. The most important thing is to look and identify the best way to strike a balance between being aggressive and being overly aggressive.

One should also prioritize having a very solid cash flow management plan and some backup funds (emergency and reserve/float funds) in place, as this provides a safety net and also giving room for more aggressive investment strategies. This is simply all about identifying and knowing one’s financial situation/boundaries and knowing exactly how to manage the risks involved.

Take note: aggressively, wisely and moderately can never be in the same category.

I don't see any of them as opposites, which means that they could be used in the same category to describe something... I agree that moderate and aggressive have slightly different meanings, yet we seem to be nit-picking if we are wanting to describe preferable levels of aggressiveness.

I personally like to just describe aggressive and/or whimpy as extremes on a spectrum, yet each person has to figure out how far on the spectrum that he would prefer to be in terms of how aggressive he will be and/or how whimpy he will be.  Being whimpy and being aggressive seem to be opposites.. but being moderate seems to be somewhere between whimpy and aggressive even though a person might describe their own behaviors as both moderate and aggressive if he might be trying to contrast his behaviors with being overly aggressive.

When you choose to invest aggressively, you have chosen to take the highest risk and there is nothing wise being the highest risk taker.

If we describe aggressiveness in terms of various percentages of using his discretionary income, then we can describe aggressive in a relative way, and we do not necessarily need to presume that being aggressive is taking high risks, especially if we might suggest that a person is in a better position to be aggressive when he has strong cashflow management systems that includes maintaining back up funds, so if he ends up making mistakes in regards to the level of his aggressiveness and maybe he miscalculates his discretionary income, so then maybe he is able to make up for his mistake based on his having back up funds that he is able to use in the case that he makes such mistakes.

Sure if the guy is not really keeping track and maybe he invests into bitcoin without first figuring out the level of his expenses for the month, then maybe in those cases he ends up spending beyond his discretionary income and that would be reckless and imposing unnecessary risk, and I doubt that being aggressive necessarily needs to result in risk taking for someone who is keeping track, and for example, I frequently suggest that guys should try to be as aggressive as they are able to be without overdoing it, yet guys still have to figure out their level of aggressiveness within such an approach in order that they do not over do it, and if they overdo it, then no one is going to rescue them if they screw up and they have to live with the consequences in regards to how aggressive to be in order to not overdo it, and probably the newer that they are the more conservative they need to be while they are figuring out their boundaries in regards to how aggressive they are able to be and how strong is their various cashflow management sytems and practices... so in that regard, practice becomes more important than theory in terms of guys figuring out boundaries in regards to how aggressive that they are able to be without overdoing it..

A moderate investor can not invest aggressively and vice versa. Moderate is to be neutral in between low and high risk but aggressive is to disregard any form of caution and embark on adventure in this space.

We may well be arguing semantics and your definitions are different, especially if you presume that being aggressive automatically includes the practice of risky behaviors.

Of course, there's reward for every strategy as far as this crypto space is concerned.

Hopefully none of us are so retarded to believe that we can employ the same investment practices to shitcoins, and we are ONLY talking about bitcoin when we are talking about aggressively investing into it.... and yeah, I would agree that there is no such thing as investing into shitcoins whether aggressively or not ,and if we are talking about shitcoins, it becomes quite difficult to justify investing into them at all - except as a trade or a gamble, which is not the same as investing.

While being aggressive with your investment is not ideal, it also comes with the highest reward if it works for you and likewise the risk if it backfired. The best financial decision is often the most boring one and the patient investor always win.

I will agree with you that in regards to bitcoin, it has been such a great asymmetric bet to the upside that folks did not necessarily need to invest a lot into it in order to profit stupendously, and even into the furture, it is quite likely that bitocin is going to continue to be a great (if not the best) asymmetric bet to the upside, so in that sense, you are correct, guyys do not necessarily need to engage in risky behaviors in order to make sure that they are employing solid investment strategies, whether they choose to be aggressive or perhaps to error more on the side of being moderate. those remain individual choices in regards to choosing the level of whimpiness, moderateness or aggressiveness in their investment, and I personally believe that guys can figure out ways tin invest aggressively into bitcoin without necesarily over doing it.

You are living in a fantasy if you think that afterwards you can figure out that you should have had sold at $108k and bought back at $74k..   Sure, guys who had bought bitcoin earlier, have more options, and sure guys who bought earlier might not be concerned so much about accumulating more bitcoin.

Guys who think like they are going to be trading all of the various waves (or think that they can figure out when and where the waves are going to be) don't tend to have a lot of bitcoin, even if they had gotten into bitcoin in 2015, they were too busy fucking around trying to figure out when to buy BTC and when to sell BTC rather than focusing on ongoing, persistent, consistent, regular and perhaps even aggressive buying of BTC.

Additionally, guys do not realise that it's more difficult trying to figure out when to buy at a good price and sell at the top just to re-buy than just buying consistently. If one spend time looking for the best entry point it's more of a waste of time however the same time could be used to accumulate more.

I  the cost of looking for a good entry price one is likely to even miss the opportunity to enter the market because bitcoin is volatile and predicting the way in which it will go is very much difficult hence the best opportunity or price to buy could be missed in the process of waiting for better entry price. when one can just buy at least if buying with some kind of amount like $100 could buy with $90 and use the $10 left for the dip, it's more understanding as one is buying already with the larger income while still waiting for the dips.

However buying first should be the taking into consideration rather than waiting.

Even if we go by your forum registration date Churchillvv of mid 2022, there were likely guys who were not sure about what to do in regards to their bitcoin purchases from mid-2022 all the way until late 2023, and those guys who hesitated buying bitcoin during that time likely ended up with way less bitcoin than what they could have had gotten if they had just gotten in and bought bitcoin at whatever market price was then relevant, and yeah, sure between mid 2022 and late 2023, we had bitcoin prices that varied between $15.5k and $35k, and so surely it would have had been better to buy bitcoin at the lower prices, yet it was not really known if the BTC price was going to go down or how far it was going to go down, so in the end, it was likely even better to be buying bitcoin at whatever prices were being offered rather than trying to figure out BTC's price direction, so even if during that period, guys ended up having average buy prices that were over $25k, those prices seem very great right now, and many guys would like to have been able to have bought bitcoin for average prices around $25k.  

Now days, we get the sense that BTC prices are likely never going to return to those prices ever again, and it may well be possible that bitcoin will never return to sub $60k prices ever again, even though I have some hesitations to be overly confident in how low the BTC price might go, especially since the 200-WMA is generally considered as the bottom price, and historically the BTC price has not gone below it too often, even though between mid-2022 and late 2023 (around 16 months) the BTC price spent a lot of time near or below the 200-WMA, and at one point it had gotten down to 35% below the then 200-WMA.  

Through bitcoin's history the 200-WMA has trended up, and right now the 200-WMA is nearly $46.2k.

[edited out]

Am not a big fan of that statement when it comes to Bitcoin investment because in my own opinion, the right statement should be invest with an amount you can do away with for a very long time, or are you trying to say that ten years of Bitcoin investment going down the drain will not have any effect on you mentally?
Let's be realistic here, even though it's an amount you can do away with, if you can accumulate Bitcoin for like ten years upward, even as a low coiner, by that time it's a huge amount of money, so their is no way you will say that ten years of investment is an investment you will lose and you wouldn't lose sleep over it.

None of us is investing into bitcoin to lose money, yet our bitcoin investment is not guaranteed to go up or even to have value at various points in time into the future, so you should consider these matters as you invest into bitcoin and at various points if you might come to believe that you are overly exposed to bitcoin.  You seem to have it in your head that your bitcoin investment is guaranteed.
 

Trading, gambling and investing are all risky actions and that's why you shouldn't be carried away and over invest with money that you cannot afford to lose so that you don't feel the pain in regrets.

Gambling and trading has the same level of risk, so i don't think it's proper to compare it to Bitcoin investment that the risk is way below gambling and trading.

Of course gambling and trading are worse practices than investing, but they still likely employ similar concept to ONLY use the capital that you can afford to lose.  

It should be possible to see that gambling and trading may have some simularities to investing, yet at the same time to be able to differentiate why we don't fuck around with trading (gambling) our bitcoin, and hopefully, we are not investing into shitcoins either, except maybe if we cannot control our tendencies to gamble then maybe we would limit our investment into shitcoins (and even trading) to be less than 10% of our bitcoin holdings.

I think that Sim_card adequately explained why many of us use the expression: "don't invest  any more than you can afford to lose" when it comes to bitcoin investing, yet you want to quibble over it and to substitute some other expression so that you will feel better in your choice to invest more than you can afford to lose.. and your fantasy that you are guaranteed to profit in your bitcoin investment.

You can do you, but the expression "don't invest  any more than you can afford to lose" is a good one and it is applicable to bitcoin investing, even if you don't like it and you want to fight what is trying to tell you (and any other investor into bitcoin).

[edited out]

.... there is no risk about being aggressive within our own circumstances in such a way that it will suits us and promotes sustainability of our investment.

There is always some risk, especially if we are striving to be aggressive in our bitcoin investment, yet we should be able to figure out ways to manage our risks through various aspects of our cashflow management practices and the various kinds of back up funds that we might have had built and maintain, even within our chosen level of aggressiveness so that our practice of being aggressive does not end up falling into the category of being "overly aggressive," which it seems by definition if we had ended up falling into a category of overly aggressive as compared with our thought that we were merely being aggressive, then at that point maybe our risk has gotten excessive and we do not have ourselves backed up very well in whatever overly aggressive practices that we end up employing.

As you suggest, being aggressive does not necessarily mean that we are employing undue types of risk, yet it does not mean that we are going to be successful in completely removing all risk or calculating all circumstances, even if we might have had put systems into place to mitigate and perhaps to mitigate various kinds of risks, and even within the application of our chosen systems we can even balance out the extent to which we might choose to engage in less risky versus more risky practices even while we are striving to be aggressive in our bitcoin investment.  These are not absolutes, but instead various trade-offs that we choose to make, and since we don't know the future, we hopefully are attempting to employ practices that help us to prepare ourselves in a variety of financial ways, and the psychological preparation likely follows from our having had put good financial practices into place.

[edited out]

The good thing about this extended downward period is that it allowed some of those investors from the past 3 years to truly experience what it means by the volatility of bitcoin. Sometimes people are over zealous until the see the two phases of the sledge hammer. This prolonged downward period is coming at the very right time after hitting a staggering ATH leaving people thinking about upwards movement alone. Bitcoin lesson is continuous. A person who got into an adventure that you feel it's all gain, this is the time to also restrict investment to only discretionary income which would help you not to worry about market bias

If had been investing in the last 3 years, then mostly the BTC price has been going up, but sure there has been a few periods of correction and/or seemingly flat periods (like consolidation periods), and so it would seem that if we have our heads down and we are continuing to accumulate bitcoin, then we may well be very happy with ourselves when we are coming into a period of having had gone through a whole bitcoin cycle, and it seems to me that the ones who had been continuously accumulating bitcoin for a whole cycle will be in a better position to figure out the extent to which they might need to modify their BTC accumulation practices.

Surely there are some folks who might ONLY have their weekly DCA that they are able to count as their building up of their bitcoin investment, yet there may be some others who came to bitcoin with capital and/or maybe they had gotten various bonus payments over the past cycle, so they may well would have been able to front load their bitcoin more than some other folks, and surely it seems to me that a certain comfort can come at a certain point in time that is not only based on the amount of BTC accumulated, but also the passage of time too.. and perhaps even the consideration of the extent to which any modifications might need to be made to the BTC accumulation practices based on how much BTC had already been accumulated..

[edited out]

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

You might not understand the concept of aggressiveness nor the concept of DCA, since within the DCA approach, any of us is able to choose our level of aggressiveness, and so if we have built strong cash flow management systems and practices, then it seems a bit overly proscriptive to be suggesting that guys are not able to be aggressive within their own systems.

[G_Besar]

Buying aggressively and consistently is more efficient when you have a stable income and good financial plans. It can become risky when you do not have a good financial strategy, When you over do it can become Risky when you  cannot take care of your needs because of aggressive buying of Bitcoin, But It is good to trust the market and buy consistently when there is well-structured financial strategy. 

What we have to understand basically is that everyone can become an investor by investing in Bitcoin, although maybe not everyone can buy Bitcoin aggressively every day, but everyone can make their own plan by implementing weekly or monthly purchases with a strategy that is comfortable enough for each of us. Because Bitcoin can be bought in small sizes or in amounts that we can buy with the amount of money we have, so it will not be burdensome at all for anyone who wants to make themselves an investor by relying on Bitcoin as the asset they are targeting.

The good thing about this extended downward period is that it allowed some of those investors from the past 3 years to truly experience what it means by the volatility of bitcoin. Sometimes people are over zealous until the see the two phases of the sledge hammer. This prolonged downward period is coming at the very right time after hitting a staggering ATH leaving people thinking about upwards movement alone. Bitcoin lesson is continuous. A person who got into an adventure that you feel it's all gain, this is the time to also restrict investment to only discretionary income which would help you not to worry about market bias

Price drops are very normal and also not new in Bitcoin because they also happen often every year so everyone should just see it as a new opportunity without having to limit themselves to no longer investing in Bitcoin. Because a price drop is not a reason for every investor to stop, especially for those who still have the ability to continue making purchases without worrying about the decline in the price of Bitcoin in the market. In addition, investors who still dare to buy more Bitcoin, at times like this they must always move their money to keep buying without any doubt because victory in any investment will only be obtained by the brave, not by those who hesitate.

[michellee]

Buying aggressively and consistently is more efficient when you have a stable income and good financial plans. It can become risky when you do not have a good financial strategy, When you over do it can become Risky when you  cannot take care of your needs because of aggressive buying of Bitcoin, But It is good to trust the market and buy consistently when there is well-structured financial strategy. 

What we have to understand basically is that everyone can become an investor by investing in Bitcoin, although maybe not everyone can buy Bitcoin aggressively every day, but everyone can make their own plan by implementing weekly or monthly purchases with a strategy that is comfortable enough for each of us. Because Bitcoin can be bought in small sizes or in amounts that we can buy with the amount of money we have, so it will not be burdensome at all for anyone who wants to make themselves an investor by relying on Bitcoin as the asset they are targeting.

Yeah, that is benefit from Bitcoin to people. They can start as little as they can. Even I see some of my local friends use local exchange to buy Bitcoin and use it for their investment. As long as they can allocate their money to Bitcoin investment, they can start anytime they want. But the important thing is they must fill their primary needs first before they start Bitcoin. Yes, they can use DCA method to buy Bitcoin, weekly or monthly so they can collect and accumulating Bitcoin. If they have more free money, they can use that to buy Bitcoin and increase their Bitcoin amount. More benefit to them but starting to be an investor will be good for them because it is like they manage their own money in their own bank which is Bitcoin.

[Tonimez]

Buying aggressively and consistently is more efficient when you have a stable income and good financial plans. It can become risky when you do not have a good financial strategy, When you over do it can become Risky when you  cannot take care of your needs because of aggressive buying of Bitcoin, But It is good to trust the market and buy consistently when there is well-structured financial strategy. 

What we have to understand basically is that everyone can become an investor by investing in Bitcoin, although maybe not everyone can buy Bitcoin aggressively every day, but everyone can make their own plan by implementing weekly or monthly purchases with a strategy that is comfortable enough for each of us. Because Bitcoin can be bought in small sizes or in amounts that we can buy with the amount of money we have, so it will not be burdensome at all for anyone who wants to make themselves an investor by relying on Bitcoin as the asset they are targeting.

The good thing about this extended downward period is that it allowed some of those investors from the past 3 years to truly experience what it means by the volatility of bitcoin. Sometimes people are over zealous until the see the two phases of the sledge hammer. This prolonged downward period is coming at the very right time after hitting a staggering ATH leaving people thinking about upwards movement alone. Bitcoin lesson is continuous. A person who got into an adventure that you feel it's all gain, this is the time to also restrict investment to only discretionary income which would help you not to worry about market bias

Price drops are very normal and also not new in Bitcoin because they also happen often every year so everyone should just see it as a new opportunity without having to limit themselves to no longer investing in Bitcoin. Because a price drop is not a reason for every investor to stop, especially for those who still have the ability to continue making purchases without worrying about the decline in the price of Bitcoin in the market. In addition, investors who still dare to buy more Bitcoin, at times like this they must always move their money to keep buying without any doubt because victory in any investment will only be obtained by the brave, not by those who hesitate.

Price drop happens almost daily and would always happen but continuous downward volatility for a long period as bitcoin just experienced doesn't happen always. This pattern of volatility hasn't really occurred in close to 3 years now. Having bitcoin in continued price drop for over 6 days is not often.

When such correction occurs, investors are not to quit but see it as opportunities to accumulate more. Come to think of someone who's DCA stake is at $50 weekly when bitcoin was at $100k which means that he buys 0.0005BTC weekly. If he had continued by DCA during this correction period, he would have bought bitcoin at $72k; $50 would give 0.00069 BTC. Now he has higher accumulation rate than his usual weekly strength.

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

[JayJuanGee]

[edited out]

Price drop happens almost daily and would always happen but continuous downward volatility for a long period as bitcoin just experienced doesn't happen always. This pattern of volatility hasn't really occurred in close to 3 years now. Having bitcoin in continued price drop for over 6 days is not often.

Volatility in bitcoin is both upwards and downwards, and if we look at bitcoin on a daily basis, there are likely more down days than UP days, and a lot of folks get lured into playing around with trading rather than just ongoingly buying, and historically, bitcoin has had quite a few upward spurts that do not end up coming back down, which is part of the reason why if we zoom out, we see that the price curve is upwardly sloped, and not just upwardly sloped by a little.

Of course in the last 2.5 years, the BTC price direction has mostly been up, since we can measure from the November 2022 bottom of $15,479 towards today's price, yet surely there has been volatility in that too.

And, yeah of course, anyone who had been accumulating bitcoin over the past 3 years through persistent and consistent buying and without concerning themselves with the BTC price would surely be in a greatly profitable position today, even though depending on their finances, they still might not have had been able to accumulate enough bitcoin to have enough or more than enough, even if they might have had a good budget, unless maybe they wer able to frontload their investment into bitcoin.

When such correction occurs, investors are not to quit but see it as opportunities to accumulate more. Come to think of someone who's DCA stake is at $50 weekly when bitcoin was at $100k which means that he buys 0.0005BTC weekly. If he had continued by DCA during this correction period, he would have bought bitcoin at $72k; $50 would give 0.00069 BTC. Now he has higher accumulation rate than his usual weekly strength.

Of course, anyone buying bitcoin on the dip will end up being able to purchase more bitcoin with the same quantity of money, yet it still does not tend to be a good practice to be attempting to structure bitcoin buys around dips rather than persistently buying bitcoin, especially for anyone who might be wanting to invest into bitcoin for 4-10 years or more, and surely anyone who is ONLY buying regularly and weekly is likely going to take a  couple of cycles to merely build up his bitcoin stack size to a sufficiently large enough amount, so then the various weekly buys throughout the investment period are likely better off to just keep buying on a regular, persistent, consistent, ongoing and perhaps even aggressive basis.

On the other hand, if someone is either able to front load his investment or if he might get access to lump sum amounts of funds from time to time, then maybe there could be ways to supplement any DCA practice with buying on dip practices.. yet in itself buying on dip practices does not tend to facilitate abilities to focus on regular and persistent accumulation of BTC.... yet surely each person has to figure out how to make sure he is consistently accumulating bitcoin rather than implementing waiting strategies that may well end up contributing to less purchasing of bitcoin.

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

Why do these things matter to someone who has a longer investment timeline?  you seem to be both presuming some kind of advantage to buying dips or that a guy will be able to buy dips rather than getting himself into a position where he is constantly waiting for dips that do not happen, and sure there are good feelings in regard to being in profits, and perhaps there even might be some presumptions that if we invest for 4 years or longer then it becomes more and more likely that our bitcoin holdings are going to be in profits, since if we consistently invest into bitcoin for 4 years, then our cost per bitcoin will likely end up being right around the 200-WMA, and  most of the time, historically, bitcoin's price has been higher than the 200-WMA.. yet if our investment timeline is long, then we likely are not maniacally focused on our profit levels, but instead we may well want to feel assured that we have enough bitcoin or perhaps more than enough bitcoin if we might start to employ practices of sustainably withdrawing our bitcoin.

[Eternad]

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

Why do these things matter to someone who has a longer investment timeline?  you seem to be both presuming some kind of advantage to buying dips or that a guy will be able to buy dips rather than getting himself into a position where he is constantly waiting for dips that do not happen, and sure there are good feelings in regard to being in profits, and perhaps there even might be some presumptions that if we invest for 4 years or longer then it becomes more and more likely that our bitcoin holdings are going to be in profits, since if we consistently invest into bitcoin for 4 years, then our cost per bitcoin will likely end up being right around the 200-WMA, and  most of the time, historically, bitcoin's price has been higher than the 200-WMA.. yet if our investment timeline is long, then we likely are not maniacally focused on our profit levels, but instead we may well want to feel assured that we have enough bitcoin or perhaps more than enough bitcoin if we might start to employ practices of sustainably withdrawing our bitcoin.

Based on my experience, It’s proven that you will stuck on the thinking that price will keep going down if you will always pay attention on the price dip for buying.

I always feel before the fear that Bitcoin will still fall after waiting for the price to go down to my target buy price. In the end, my mind is my enemy by giving me fear to keep waiting continuously for the right timing which will not happened in reality.

Buying Bitcoin whenever you have spare money for long term purposes regardless the price is the best way if you want to efficiently invest on Bitcoin.

[promise444c5]

You can categories buying aggressively as taking the highest risk when the investor over do it in a way that it will affect his bitcoin investment, but if the reserve fund to accumulate Bitcoin aggressively is available I believe it's one of the best way to have enough bitcoin stack expecially when it's been done when the bitcoin price is low.

Yes Bitcoin might have it own risk but buying aggressively is Not the highest risk..

Yeah! It’s not advisable when it been overdone but in some  DIPs not all DIPs now  , Buying aggressively could be an opportunity to stack more as there might be no such dip again in the future, for example during the $48k dip after $73k correction[we can’t tell though but it’s likely price might not reverse back to it again)..
Thus,when the price rises then more concentration could be focused on making up for the reserve funds ,yet during this aggressive period, Emergency fund should still be intact.

[Tonimez]

[edited out]

Price drop happens almost daily and would always happen but continuous downward volatility for a long period as bitcoin just experienced doesn't happen always. This pattern of volatility hasn't really occurred in close to 3 years now. Having bitcoin in continued price drop for over 6 days is not often.

Volatility in bitcoin is both upwards and downwards, and if we look at bitcoin on a daily basis, there are likely more down days than UP days, and a lot of folks get lured into playing around with trading rather than just ongoingly buying, and historically, bitcoin has had quite a few upward spurts that do not end up coming back down, which is part of the reason why if we zoom out, we see that the price curve is upwardly sloped, and not just upwardly sloped by a little.

Of course in the last 2.5 years, the BTC price direction has mostly been up, since we can measure from the November 2022 bottom of $15,479 towards today's price, yet surely there has been volatility in that too.

And, yeah of course, anyone who had been accumulating bitcoin over the past 3 years through persistent and consistent buying and without concerning themselves with the BTC price would surely be in a greatly profitable position today, even though depending on their finances, they still might not have had been able to accumulate enough bitcoin to have enough or more than enough, even if they might have had a good budget, unless maybe they wer able to frontload their investment into bitcoin.

When such correction occurs, investors are not to quit but see it as opportunities to accumulate more. Come to think of someone who's DCA stake is at $50 weekly when bitcoin was at $100k which means that he buys 0.0005BTC weekly. If he had continued by DCA during this correction period, he would have bought bitcoin at $72k; $50 would give 0.00069 BTC. Now he has higher accumulation rate than his usual weekly strength.

Of course, anyone buying bitcoin on the dip will end up being able to purchase more bitcoin with the same quantity of money, yet it still does not tend to be a good practice to be attempting to structure bitcoin buys around dips rather than persistently buying bitcoin, especially for anyone who might be wanting to invest into bitcoin for 4-10 years or more, and surely anyone who is ONLY buying regularly and weekly is likely going to take a  couple of cycles to merely build up his bitcoin stack size to a sufficiently large enough amount, so then the various weekly buys throughout the investment period are likely better off to just keep buying on a regular, persistent, consistent, ongoing and perhaps even aggressive basis.

On the other hand, if someone is either able to front load his investment or if he might get access to lump sum amounts of funds from time to time, then maybe there could be ways to supplement any DCA practice with buying on dip practices.. yet in itself buying on dip practices does not tend to facilitate abilities to focus on regular and persistent accumulation of BTC.... yet surely each person has to figure out how to make sure he is consistently accumulating bitcoin rather than implementing waiting strategies that may well end up contributing to less purchasing of bitcoin.

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

Why do these things matter to someone who has a longer investment timeline?  you seem to be both presuming some kind of advantage to buying dips or that a guy will be able to buy dips rather than getting himself into a position where he is constantly waiting for dips that do not happen, and sure there are good feelings in regard to being in profits, and perhaps there even might be some presumptions that if we invest for 4 years or longer then it becomes more and more likely that our bitcoin holdings are going to be in profits, since if we consistently invest into bitcoin for 4 years, then our cost per bitcoin will likely end up being right around the 200-WMA, and  most of the time, historically, bitcoin's price has been higher than the 200-WMA.. yet if our investment timeline is long, then we likely are not maniacally focused on our profit levels, but instead we may well want to feel assured that we have enough bitcoin or perhaps more than enough bitcoin if we might start to employ practices of sustainably withdrawing our bitcoin.

When I highlighted the increase in bitcoin accumulation during dip, I wasn't trying to restrain investment to Dip days. Instead, I was only buttressing on how DCA approach could more useful if a person doesn't nurture panic after buying at higher bitcoin price. Every bitcoin price is the value of bitcoin as of the particular time, so buying at less price could only be a bonus to the investors.  This is because of the panic sellers who couldn't withstand buying during the downtime.

I understand how human minds work especially when you are not very old in bitcoin investment. Someone feels he's at a loss and you try advising him to maintain his continuous buys, not everyone could listen. It can only work if an investor sees every dip as a bonus to him, forgetting his initial stake, but gladdened by the fact that he could now buy higher amounts of bitcoin with same amount he's been investing. This does not imply trading nor panic. It is about maintaining consistency in your investments for as long as you are in the lane. I would never advise anyone to wait for dips before he can invest.

[Doan9269]

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

Why do these things matter to someone who has a longer investment timeline?  you seem to be both presuming some kind of advantage to buying dips or that a guy will be able to buy dips rather than getting himself into a position where he is constantly waiting for dips that do not happen, and sure there are good feelings in regard to being in profits, and perhaps there even might be some presumptions that if we invest for 4 years or longer then it becomes more and more likely that our bitcoin holdings are going to be in profits, since if we consistently invest into bitcoin for 4 years, then our cost per bitcoin will likely end up being right around the 200-WMA, and  most of the time, historically, bitcoin's price has been higher than the 200-WMA.. yet if our investment timeline is long, then we likely are not maniacally focused on our profit levels, but instead we may well want to feel assured that we have enough bitcoin or perhaps more than enough bitcoin if we might start to employ practices of sustainably withdrawing our bitcoin.

Based on my experience, It’s proven that you will stuck on the thinking that price will keep going down if you will always pay attention on the price dip for buying.

I always feel before the fear that Bitcoin will still fall after waiting for the price to go down to my target buy price. In the end, my mind is my enemy by giving me fear to keep waiting continuously for the right timing which will not happened in reality.

Buying Bitcoin whenever you have spare money for long term purposes regardless the price is the best way if you want to efficiently invest on Bitcoin.

Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.

[Scarlett_23]

You are living in a fantasy if you think that afterwards you can figure out that you should have had sold at $108k and bought back at $74k..   Sure, guys who had bought bitcoin earlier, have more options, and sure guys who bought earlier might not be concerned so much about accumulating more bitcoin.

Guys who think like they are going to be trading all of the various waves (or think that they can figure out when and where the waves are going to be) don't tend to have a lot of bitcoin, even if they had gotten into bitcoin in 2015, they were too busy fucking around trying to figure out when to buy BTC and when to sell BTC rather than focusing on ongoing, persistent, consistent, regular and perhaps even aggressive buying of BTC.

Additionally, guys do not realise that it's more difficult trying to figure out when to buy at a good price and sell at the top just to re-buy than just buying consistently. If one spend time looking for the best entry point it's more of a waste of time however the same time could be used to accumulate more.

I  the cost of looking for a good entry price one is likely to even miss the opportunity to enter the market because bitcoin is volatile and predicting the way in which it will go is very much difficult hence the best opportunity or price to buy could be missed in the process of waiting for better entry price. when one can just buy at least if buying with some kind of amount like $100 could buy with $90 and use the $10 left for the dip, it's more understanding as one is buying already with the larger income while still waiting for the dips.

However buying first should be the taking into consideration rather than waiting.

Entering the market is more important than finding the right entry price. Because at any price, if one cannot enter the market, he will not be able to understand the good and the bad. As the saying goes, "Something is better than nothing". No matter the price, if one can enter the market with some money, then at least some profit can be made if the price rises, and later, when the price falls, there will be an opportunity to buy. Again, the risk of investing in small amounts is low, so there is less pressure for fear of losing money. If the money allocated for investment in hand can be continuously invested even in small amounts, then there will be some profit from it if the price rises, and if one's own money is in one's own hands, there is no possibility of its growth.

[WatChe]

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

It must be mandatory for all of us to develop habit of savings. Their are lot of ways in which we can do savings and best of it is to invest in Bitcoin. Everyone has it's own limitations for investing in Bitcoin, the one who can easily afford 100$ a week should invest 100$ per week while the one who can afford to invest 10$ per week must keep investing that much money. It may look boring or useless in start but it's real benefit will be evident if you keep investing for years. Bitcoin price will go up with time and we must be ready to take advantage of that price hike by investing at right moment.   

[Joy- maker]

Every price drop favours real investors and allows for greater profit. Bitcoin could always fluctuate, but the hope of rising above where you met it is the driving force behind every successful investor.

Why do these things matter to someone who has a longer investment timeline?  you seem to be both presuming some kind of advantage to buying dips or that a guy will be able to buy dips rather than getting himself into a position where he is constantly waiting for dips that do not happen, and sure there are good feelings in regard to being in profits, and perhaps there even might be some presumptions that if we invest for 4 years or longer then it becomes more and more likely that our bitcoin holdings are going to be in profits, since if we consistently invest into bitcoin for 4 years, then our cost per bitcoin will likely end up being right around the 200-WMA, and  most of the time, historically, bitcoin's price has been higher than the 200-WMA.. yet if our investment timeline is long, then we likely are not maniacally focused on our profit levels, but instead we may well want to feel assured that we have enough bitcoin or perhaps more than enough bitcoin if we might start to employ practices of sustainably withdrawing our bitcoin.

Based on my experience, It’s proven that you will stuck on the thinking that price will keep going down if you will always pay attention on the price dip for buying.

I always feel before the fear that Bitcoin will still fall after waiting for the price to go down to my target buy price. In the end, my mind is my enemy by giving me fear to keep waiting continuously for the right timing which will not happened in reality.

Buying Bitcoin whenever you have spare money for long term purposes regardless the price is the best way if you want to efficiently invest on Bitcoin.

Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.

buying bitcoin to hold for long term Is the best approach for bitcoin, because it's less risky and more profitable compared to any other form of investment, yes we know bitcoin investment is not 100% guarantee, but when you buy bitcoin and hold for long term you chance of loosing money is less compared to any other form of investment and you chance of making profits is high, if only you will plan yourself well and invest in bitcoin appropriately, because investing in bitcoin the wrong way with the wrong mindset will profit you nothing.

[JayJuanGee]

[edited out]

Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.

You, Doan9269, seem to be describing a trader mindset rather than an investor mindset, since with an investment that might be a timeline that is 4-10 years or longer, and yeah, perhaps 10 years or longer is a better way of thinking about it since the lower timelines of 4-10 years might only have legitimate reasons to get out of the investment for health and/or age reasons.. Otherwise maybe 4-10 years might be considered to be bordering on trading rather than investing..  since an investor might take many years to establish a bitcoin position, maybe even 1-2 cycles just to establish a position, and then maybe if the investor takes 2 cycles to establish a position, he might spend 1 cycle waiting before transitioning into sustainable withdrawal stage...  That would add up to 3 cycles in total, which may well bring many investors to needing to plan 12 years or longer for their bitcoin investment.   

Profits might not be a central point of concern for a longer term investor, and they might even be assumed the profits to be down the road, even though they are not necessarily thinking about profits during the short term, and over that longer period of time, the value of the BTC holdings may well have had compounded several times (meaning doubled in value upon itself several times over the period of the investment.. so in that sense profits might be assumed to be likely, even though not guaranteed).

There are so many guys who cannot get their heads around thinking in terms of getting in and out of the investment, that they might not be able to appreciate ways to live off of their investment and to put systems in place to sustainably withdraw from it...

Of course, this thread is not just about investing, so yeah, there are guys who may well just want to get short-term dollar values off of their bitcoin, so they think about their goals in those kinds of ways to make short term profits, which seems like a more challenging way to either accumulate dollars and/or bitcoin, and given bitcoin's history, it can be seen that the bitcoin accumulators have tended to fare better than those trading bitcoin - especially if we are looking at guys involved in bitcoin for 2 cycles or longer.

Even though past performance does not guarantee future results, I still consider the erroring on the side of accumulating bitcoin through ongoing and persistent buying and/or holding when you run out of money to be amongst the better of strategies to build a sufficient enough bitcoin stack size that can later be used to live off of... and of course, if guys reach a point of overaccumulation, then they are able to sell from the overaccumulated amounts. 

For example, right now given some possible caveats 17.33 bitcoin would be a threshold level to be enough to provide for a sustainable $80k per year income off of the bitcoin, and so for sure if the guy has overaccumulated beyond 17.33 BTC, then he can have more confidence in regards to what the 17.33 BTC can do, yet he could also figure out ways to just spend from the overaccumulated portion of his holdings, so that he is always keeping in mind how many bitcoin it takes to be at his threshold income level, and so then he just make sure that he does not spend into that amount to bring his BTC lower than the threshold amount.  Another thing is that in 4 years (or perhaps less), it will only take half as many bitcoin (such as 8.665 BTC to be able to achieve that same level of $80k per year income in today's adjusted dollars).

Guys have differing investment goals that relate to a timeline that they would like to sustainably live off of their bitcoin, and surely the income level that they would like to achieve differs from person to person, too... yet there are ways to think about bitcoin in terms of sustainable withdrawal rather than in terms of trading and/or profit sorts of frameworks.

[edited out]

Entering the market is more important than finding the right entry price. Because at any price, if one cannot enter the market, he will not be able to understand the good and the bad. As the saying goes, "Something is better than nothing". No matter the price, if one can enter the market with some money, then at least some profit can be made if the price rises, and later, when the price falls, there will be an opportunity to buy.

You are correct Scarlett_23 that enterring into the market is better than try to strategize an entrance, yet you presume selling and being able to buy back cheaper, which is a whole other set of presumptions, and likely is an inferior practice as compared with a person who focuses on accumulating bitcin throough ongoing  buying, and who does not presume an ability to buy back cheaper by selling.

From my perspective it remains quite risky for anyone who is aiming to get more bitcoin to be presuming that he would be able to sell his bitcoin in order to buy back cheaper and that he woudl end up with more bitcoin by employing such a selling strategy rather than staying focused on buying bitcoin consistently, persistently, ongoingly, regularly and perhaps even aggressively until he reaches a status in which he could conclude that he had overaccumulated in the quantity of his bitcoin.

Again, the risk of investing in small amounts is low, so there is less pressure for fear of losing money. If the money allocated for investment in hand can be continuously invested even in small amounts, then there will be some profit from it if the price rises, and if one's own money is in one's own hands, there is no possibility of its growth.

This part is true... A person needs to be invested into bitcoin in order to profit from its likely future appreciation, and even though it is not guaranteed that bitcoin will go up in value, it still seems to be a pretty good bet that it is more likely to go up rather than down, especially if our plan is to hold it for at least 4-10 years or more.  Another thing is that there are other possible places to hold the value, and surely cash is more likely to continue to be debased and to therefore go down in purchasing power, yet at the same time, some folks might be lured into various other places to invest besides bitcoin, so it may well be a worthy cause to study bitcoin while investing into it in order to hopefully gain confidence about bitcoin being amongst the best of places (if not the best?) to put value, even though it is not guaranteed that it will go up in value... it is still a good asymmetric bet which means that if you do not employ leverage, then the most that you could lose is 100%, but there is also great upside potential, too.

[Zackz5000]

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

It must be mandatory for all of us to develop habit of savings. Their are lot of ways in which we can do savings and best of it is to invest in Bitcoin. Everyone has it's own limitations for investing in Bitcoin, the one who can easily afford 100$ a week should invest 100$ per week while the one who can afford to invest 10$ per week must keep investing that much money. It may look boring or useless in start but it's real benefit will be evident if you keep investing for years. Bitcoin price will go up with time and we must be ready to take advantage of that price hike by investing at right moment.   

Bitcoin investment shouldn't be done the way you have just explained it, when you invest all you get in a week into Bitcoin investment it can be considered as gambling  because you are not investing from your discretionary income, if you invest all you get in a week into Bitcoin what will you then use to sort out your daily needs or other  necessary needs when they come up.

Since bitcoin investment is for a longer time we are expected to invest using our discretionary income.

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This part is true... A person needs to be invested into bitcoin in order to profit from its likely future appreciation, and even though it is not guaranteed that bitcoin will go up in value, it still seems to be a pretty good bet that it is more likely to go up rather than down, especially if our plan is to hold it for at least 4-10 years or more.  Another thing is that there are other possible places to hold the value, and surely cash is more likely to continue to be debased and to therefore go down in purchasing power, yet at the same time, some folks might be lured into various other places to invest besides bitcoin, so it may well be a worthy cause to study bitcoin while investing into it in order to hopefully gain confidence about bitcoin being amongst the best of places (if not the best?) to put value, even though it is not guaranteed that it will go up in value... it is still a good asymmetric bet which means that if you do not employ leverage, then the most that you could lose is 100%, but there is also great upside potential, too.

I thought about it, I used to deposit a specific amount in the bank as Fixed DPS before and the funny thing is that after a few years, the inflation has been much higher than the profit I am getting from that bank DPS.

For example, what I could buy for 5 dollars then, now it is not possible even for 10 dollars.

On the other hand, if we compare the price of Bitcoin, then in a certain cycle of time it gets a bear season and the price decreases by more than 70% but the interesting thing is that every time its price decreases in the bear season, the minimum is much higher than the bear all time low price of each season.
And besides, if we talk about the bull season, then in this case the fund brings several times more profit. Which we cannot even imagine as an interest from the bank.

So in my opinion, instead of making a fixed deposit in our bank, we invest in Bitcoin with a fixed deposit strategy for the long term, which will not inflate our assets.

And besides, if someone can hold Bitcoin for the long term, at least 8 years, I believe they will definitely be profitable. The logic is here so simple, after the 8years the earth population won't gonna same and as well these 21millions will have more adopter and as well that will increase the demand and demand will increase the price automatically