Buy Buy Buy or Sell Sell Sell?

[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 .

You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.

Have you bought any bitcoin?

Do you have other investments?  how about debts and expenses?  

Do you have a steady income?  Are you expecting your income to change?  Do you know your discretionary income?  is it steady or does it vary?

Do you have emergency funds? or other kinds of back up funds?

What are your thoughts about bitcoin as compared with other places where you might invest?

What is your investment timeline?

Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions

No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals

I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .

Yes I have an emergency fund,I make sure I save a little from my investment, I know the importance of having a savings set aside for unexpected expenses or unforeseen circumstances, so I ensure I prepare for unexpected situations that may arise .

Bitcoin is popular, Bitcoin is a good investment site that helps and guild one right depending on ur financial goals , Bitcoin has a good value than other places where I have invested and I wish I  started bitcoin early enough when I was told about it I would have gotten higher value than other places I invested on.

My investment time is less than 5years for growth,stability and wealth accumulation.

Since you have already know that bitcoin generates more profits overtime than an other investment, what are you still waiting for. Why don't you start investing in bitcoin by using your savings like you said or channel funds from your other investment into bitcoin. Bitcoin is still in her early stage and the future is very bright for bitcoin. Therefore, I would advise you to try how you can use part of your discretionary income to invest in bitcoin no matter how little it is. You can use like $10 to start your investment and be buying consistently and persistently every week, you will be surprised at the size of your portfolio in four years time.

Don't regret in future for not taking the bold step in start your bitcoin investment now because it's never too late to invest in bitcoin but it can be too late for you to have a good size of bitcoin if you don't start right away to invest with your discretionary income.

Investing in bitcoin for less than five years wouldn't help you accumulate a good size of portfolio because the price of bitcoin is increasing overtime. This is why you need go have a long-term investment mindset so that you can build, grow and hodli your bitcoin investment for two circles and above.

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

[Zackz5000]

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 .

You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.

Have you bought any bitcoin?

Do you have other investments?  how about debts and expenses?  

Do you have a steady income?  Are you expecting your income to change?  Do you know your discretionary income?  is it steady or does it vary?

Do you have emergency funds? or other kinds of back up funds?

What are your thoughts about bitcoin as compared with other places where you might invest?

What is your investment timeline?

Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions

No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals

I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .

Yes I have an emergency fund,I make sure I save a little from my investment, I know the importance of having a savings set aside for unexpected expenses or unforeseen circumstances, so I ensure I prepare for unexpected situations that may arise .

Bitcoin is popular, Bitcoin is a good investment site that helps and guild one right depending on ur financial goals , Bitcoin has a good value than other places where I have invested and I wish I  started bitcoin early enough when I was told about it I would have gotten higher value than other places I invested on.

My investment time is less than 5years for growth,stability and wealth accumulation.

Since you have already know that bitcoin generates more profits overtime than an other investment, what are you still waiting for. Why don't you start investing in bitcoin by using your savings like you said or channel funds from your other investment into bitcoin. Bitcoin is still in her early stage and the future is very bright for bitcoin. Therefore, I would advise you to try how you can use part of your discretionary income to invest in bitcoin no matter how little it is. You can use like $10 to start your investment and be buying consistently and persistently every week, you will be surprised at the size of your portfolio in four years time.

Don't regret in future for not taking the bold step in start your bitcoin investment now because it's never too late to invest in bitcoin but it can be too late for you to have a good size of bitcoin if you don't start right away to invest with your discretionary income.

Investing in bitcoin for less than five years wouldn't help you accumulate a good size of portfolio because the price of bitcoin is increasing overtime. This is why you need go have a long-term investment mindset so that you can build, grow and hodli your bitcoin investment for two circles and above.

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

You will definitely accumulate a reasonable amount of bicton in 5 years if you are consistently and persistently accumulating Bitcoin every weeks or months unless you are the type that ONLY accumulate Bitcoin when there is dip that you can't be able to accumulate good size of bitcoin in five years time and it can also be seen as a long time bitcoin investment.

[Sonia_123]

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 .

You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.

Have you bought any bitcoin?

Do you have other investments?  how about debts and expenses?  

Do you have a steady income?  Are you expecting your income to change?  Do you know your discretionary income?  is it steady or does it vary?

Do you have emergency funds? or other kinds of back up funds?

What are your thoughts about bitcoin as compared with other places where you might invest?

What is your investment timeline?

Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions

No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals

I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .

Yes I have an emergency fund,I make sure I save a little from my investment, I know the importance of having a savings set aside for unexpected expenses or unforeseen circumstances, so I ensure I prepare for unexpected situations that may arise .

Bitcoin is popular, Bitcoin is a good investment site that helps and guild one right depending on ur financial goals , Bitcoin has a good value than other places where I have invested and I wish I  started bitcoin early enough when I was told about it I would have gotten higher value than other places I invested on.

My investment time is less than 5years for growth,stability and wealth accumulation.

Since you have already know that bitcoin generates more profits overtime than an other investment, what are you still waiting for. Why don't you start investing in bitcoin by using your savings like you said or channel funds from your other investment into bitcoin. Bitcoin is still in her early stage and the future is very bright for bitcoin. Therefore, I would advise you to try how you can use part of your discretionary income to invest in bitcoin no matter how little it is. You can use like $10 to start your investment and be buying consistently and persistently every week, you will be surprised at the size of your portfolio in four years time.

Don't regret in future for not taking the bold step in start your bitcoin investment now because it's never too late to invest in bitcoin but it can be too late for you to have a good size of bitcoin if you don't start right away to invest with your discretionary income.

Investing in bitcoin for less than five years wouldn't help you accumulate a good size of portfolio because the price of bitcoin is increasing overtime. This is why you need go have a long-term investment mindset so that you can build, grow and hodli your bitcoin investment for two circles and above.

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

[Fara Chan]

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

For investors who often invest routinely in Bitcoin, five years is indeed not a long time for them to go through because some investors also do not hate the price correction conditions in Bitcoin before it will eventually increase again. So this buying pattern for investment purposes is a pattern that must be carried out continuously as long as the concept is for the long term and you can continue to discuss here because there are many suggestions and knowledge that you can get here especially in terms of buying Bitcoin and also in terms of running investments for the long term.

You will definitely accumulate a reasonable amount of bicton in 5 years if you are consistently and persistently accumulating Bitcoin every weeks or months unless you are the type that ONLY accumulate Bitcoin when there is dip that you can't be able to accumulate good size of bitcoin in five years time and it can also be seen as a long time bitcoin investment.

Quite right on what you said because in fact I also have the same thoughts for people who are trying to accumulate Bitcoin for five years or more. Because in doing so for five years it is not only about capital or income, but also about patience and also high enough consistency so as not to waver when there are other temptations that suddenly come while investing in Bitcoin.

[red4slash]

If talking about the issue of agreeing or not, of course I would also prefer to make regular purchases without having to make aggressive purchases so that we still feel comfortable with the purchases we make and do not feel burdened by it but in the end if someone really wants to do aggressively then as long as they are able to why not, but that does not mean all have to do that.
The key is back to finance because after all we have to measure the capacity we have in this case especially for investment matters because this is not just a toy to save money but there is hope that with the investments we make now there is hope that we can get optimal results in the future from the results we get from what we sowed before.

In the end, we are not necessarily going to agree how aggressive a person might want to be, and surely the level of aggressiveness is always within the scope of the person to figure out how much he wants to balance his investment into bitcoin versus various other competing places he can put his money in regards to current consumption and/or even other investments and/or having some assurance that if he invests less aggressively, then he would be able to keep more cash in reserves.  There is no exact correct answer, yet anyone could end up considering that he is merely being aggressive, and then he ends up overly doing it. No one is going to rescue another person when he has made the mistake of being overly aggressive... so you could be correct that it might be better for some folks to make sure that they are not being overly aggressive and perhaps even having some extra cash cushion available so that they are less likely to end up being overly aggressive.

Otherwise there are some folks who choose to be less aggressive about bitcoin because they are not sufficiently bullish about bitcoin, so they end up erroring on the side of keeping extra cash.  These are somewhat individualized choices, yet they likely could have pretty major differences in outcomes for the person who could have had invested $100 per week, yet he chooses $10 per week because he wants to keep extra cash available for other priorities that he has.

True, because everyone has their own views in this matter so that surely in any case including in the method of purchase made everyone has their own stance and it becomes a fairness because everyone must have their own buying scheme so that we cannot assume that agreeing or disagreeing with something becomes a benchmark because in the end this is again just a choice in the end and we cannot assume we are right and others are wrong and vice versa because everyone has their own considerations according to the conditions and circumstances of their financial aspect which includes all aspects of income, expenses, reserve funds, funds for investment etc. But whatever it is actually will not be a problem if we can accept each other including in terms of input and criticism especially if the goal is to perfect our shortcomings then I think all will be a good thing because indeed our goal is to argue with each other here to make our views broader from all aspects in order to make the investment we do run as expected.

There will be a lot of people who are like your example but sometimes people who usually do that try to take a deeper approach like saving about $10/week or even more but their goal is to try to collect more consistently for a long time. This is most likely based on the reason that sometimes they try to do this so that they are less burdened and minimize if in the future they are in a bad financial condition they can still strive for that consistency because $10/week is not too burdensome.

[Salahmu]

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

[Solokan]

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

It's only traders that think and act this way, when dealing with Bitcoin, you must be thinking long term, anything other than that is trading, and trading your Bitcoin investment for minimal gains wouldn't take you anywhere. In my own opinion, the best way to go about your Bitcoin investment is to buy regularly through the DCA accumulating strategy, and try to accumulate a very good stash of Bitcoin for like 10 years or more, because your stash of Bitcoin is what's going to determine how profitable and successful you might be in your investment, so try to think long term when investing in Bitcoin because that's the best way to get the best possible result out of your Bitcoin holdings.

everyone is certainly different, some trade btc for the short term and some don't, but of course the decision is in the hands of each. but it is true that short-term investment or short-term trading will certainly produce small profits except for those who have very large capital, the profits will certainly be large.

but yes, it is true that if we invest for the long term, for example 10 years or more, then with a little money we will definitely get big profits, especially if a lot of money is put into btc, it will definitely be even bigger. as long as the money used to buy btc is money that is ready to be lost and of course we must have an emergency fund so that when investing it feels comfortable and will not interfere with our real world life and of course the btc we hold will potentially not be sold because we have emergency funds.

yes I agree with you and indeed the dca strategy is one good way to accumulate btc and of course we will not look at the price when buying because the most important thing is to focus on collecting btc.

[Gost ms]

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

In many cases, people who have been investing for less than 5 years can be considered new investors. It takes a long time to accumulate Bitcoin in particular. Their investment depends on how much dollars they are investing weekly or monthly, how much Bitcoin their portfolio has accumulated. I think a new investor should invest based on their stable income, such as 5% to 25% of their stable income.

[Sticky Bomb]

it is not very important for you to have a good cash flow in advance. Keep investing without delay and keep building the necessary funds or good cash flow at the same time.

How do you make discretionary income available if you don't have an income source that gives you regular supply of cash flows? And how do you sustain your consistency and commitment to your buying bitcoin for the moment without it? Of course you need a fairly good cashflow to be able to handle your expenses properly and have the remnant(discretionary income) for building your bitcoin portfolio and backup funds. You can continue striving to increase your income, so you can have a bigger cashflow available and from there you can consider increasing your aggressiveness in accumulating bitcoin.

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

Yes, buy and hold for long period is advisable for us. We don't have to worry if the price is drop because that will be our time to buy back for more. Those people may not get the low price if he sell immediately when the price is down so he only regret of what he did. Besides that, the price can jump after the price drop and that happen many times in the market. So if you can control your emotion not to panic and analyze more, you will see the chance to buy back at a low price. If you really want to invest in Bitcoin, you don't have to think about that because you buy and hold and not sell.

There is no gain in spending much time analyzing the market to buy back cheaper as a committed investor, it makes no sense to even sell at all in the first place. Even if you have had success timing the market earlier, it just validates the fact that the person is a trader and possibly he might get his analysis wrong one day and end up with fewer coins than intended. It is always more profitable not selling and just remaining consistent and dedicated to your ongoing accumulation journey and instead of timing the markets to get in and out in order to maximize profits, calmly allow the compounding effect of bitcoin price appreciation on your investment to give you the profits you desire, while you strive to remain consistent and dedicated to your periodic purchases.

[DubemIfedigbo001]

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

The question you should ask this people who buys coins and what coin did they buy, because in most scenarios this people buy shitcoins that is why it’s always advisable to invest in Bitcoin and not only investing in Bitcoin, you invest and HOLD for a long term, with a good strategy to accumulate for a long time. and people who are interested in checking the price of coins are people who are interested in trading which have more rate of risk and selling when there is a market rise then you’re loosing money. Bitcoin is a volatile asset that is why it is important to invest in longer term projects.

To invest in bitcoin not that complex just have the basic knowledge and knowledge how exchanges works which is how to buy and transfer to your non custodial wallet and you can choose to first accumulate to some point in your exchange before transferring to save fees.

To secure a better investment is to have a proper planing like having an emergency funds and having a good cashflow still , bitcoin doesn't need technical skills like trading and the others with your funds and some knowledge you good to go - holding bitcoin boils down on how much you trust it that you can see the potential in it , because some folks will be like I can't hold  I will make use of the money given all such of excuse , but always remember one thing which is the reason you started the first place .

Bitcoin investment should be approached with discretionary income which is money you would not be needing anytime soon and that is why you need an income source so you keep getting consistent cashflow to solve your needs while the discretionary income that remains after taking care of your expenses can be comfortably used to invest consistently into bitcoin and build emergency funds and variances of backup funds alongside your accumulation of bitcoin.

If the person would be needing the money soon, then it is not discretionary income and it is not advisable he uses it to invest into bitcoin since it is obvious he cannot go for long-term, so he doesn't have to sell sooner than is of his own will in order to service expenses or needs. Rather, you should advise such a person to work on increasing his income in order to have a steady supply of cashflow and have a resultant discretionary income which he can conveniently invest into bitcoin and be able to go for a long-term holding plan.

[michellee]

Yes, buy and hold for long period is advisable for us. We don't have to worry if the price is drop because that will be our time to buy back for more. Those people may not get the low price if he sell immediately when the price is down so he only regret of what he did. Besides that, the price can jump after the price drop and that happen many times in the market. So if you can control your emotion not to panic and analyze more, you will see the chance to buy back at a low price. If you really want to invest in Bitcoin, you don't have to think about that because you buy and hold and not sell.

That's what happens if you don't really study the Bitcoin journey, most people, especially beginners, are only tempted by the profits without studying the Bitcoin journey because it's not just the basics and what they really need to know and learn is the Bitcoin journey so far. Because the Bitcoin journey trail will motivate them to treat Bitcoin for the long term without having to worry because they will know that declines will always occur but in the end the price will go back up, and will always take advantage of the decline that occurs to collect more Bitcoin because it is the best moment or discount to be able to buy it at a cheaper price and save it for the long term.

Emotions and panic will always be there for those who don't really study the Bitcoin journey trail because emotions and panic will always be there like the Bitcoin journey, declines will always be there and that's what makes them feel emotional and panic which has the potential to make the wrong decisions. And if they study and really understand the Bitcoin journey they will not feel emotional and panic because they already know and will be calm and know what to do, and know that in the end the price will go back up and continue like that so treating Bitcoin for the long term is the best way to create extraordinary profits in the future.

If they check on the Bitcoin history and learn many things, they will how the price fluctuating and see when they can hope to make a profit. That can clearly motivate them to start the Bitcoin investment without delay because they want to have Bitcoin investment and hold it for a long term. They know the challenge to become Bitcoin investor are not easy but they willing to spend their time to learn more. They don't want to be the same as the other new people who invested in Bitcoin and make a mistake but they will search for how they can avoid the mistake.

They can prevent the panic and control their emotion because they know that will not necessary. When they become Bitcoin investor, they will use DCA and buy continuously. They will also make a plan for their Bitcoin investment and will have a strong hand to hodl their Bitcoin. They have a target of time to keep buying Bitcoin and when they will sell their Bitcoin so they just focus with their investment and buying more Bitcoin.

Yes, buy and hold for long period is advisable for us. We don't have to worry if the price is drop because that will be our time to buy back for more. Those people may not get the low price if he sell immediately when the price is down so he only regret of what he did. Besides that, the price can jump after the price drop and that happen many times in the market. So if you can control your emotion not to panic and analyze more, you will see the chance to buy back at a low price. If you really want to invest in Bitcoin, you don't have to think about that because you buy and hold and not sell.

There is no gain in spending much time analyzing the market to buy back cheaper as a committed investor, it makes no sense to even sell at all in the first place. Even if you have had success timing the market earlier, it just validates the fact that the person is a trader and possibly he might get his analysis wrong one day and end up with fewer coins than intended. It is always more profitable not selling and just remaining consistent and dedicated to your ongoing accumulation journey and instead of timing the markets to get in and out in order to maximize profits, calmly allow the compounding effect of bitcoin price appreciation on your investment to give you the profits you desire, while you strive to remain consistent and dedicated to your periodic purchases.

You are right so investing in Bitcoin is just to buy and hodl. Using DCA can be done because they don't have to take a look at the price closely but buy with the same amount of fiat. Whether the market situation increase or decrease, it will not be a problem because their reason for buying Bitcoin is for the long term investment. Although that may not easy for new people who invested in Bitcoin, they must still do because Bitcoin is the best investment and they can hodl it for long term. Sometimes, those people feel hard if they see the price up and down so many times but they don't realize that is the nature of Bitcoin so they don't have to think much instead just focus on their Bitcoin investment.

[Emjay24]

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

In many cases, people who have been investing for less than 5 years can be considered new investors. It takes a long time to accumulate Bitcoin in particular. Their investment depends on how much dollars they are investing weekly or monthly, how much Bitcoin their portfolio has accumulated. I think a new investor should invest based on their stable income, such as 5% to 25% of their stable income.

I don't share the same thoughts with you buddy because it is not a good bitcoin investment practice, I believe bitcoin investment should be done from your discretionary income and not your stable income as a whole, because it is advised you take care of your expenses first and use what remains of it(discretionary income) to buy bitcoin and build backup funds. The percentage should be on the discretionary income and can be increased to 60 or more for aggressive purchases.

If you base your consistent purchase on your stable income as a whole, then there is a possibility of oversight and you may likely invest money meant for your expenses into bitcoin, then end up being overly aggressive and suffer the consequences which might even get to the point of liquidating part of your holdings to sort out expenses. On the  overall, it is not a good cashflow management practice and may not be sustainable.

[Pi-network314159]

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 .

Snip

Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions

No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals

From the look of things you sound like a person who is good in financial management. I also love the fact that you owe no Debt because a good investor must make sure they settle up their dept to be free from circumstances that will shift there focus on Bitcoin investment. Because Dept is one factor that slow down Bitcoin investment.

I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .

It is good to prioritize your essential expenses but should also figure out Way to set some fund aside for Bitcoin investment since your source of income is not a steady one. Guys who have an epileptic source of income usually figure out ways to invest as little as they can afford to lose. It may look so difficult but if you can be saving as little as $10 into Bitcoin weekly or $30 once in month will make a sizable amount in the space of 10 -20years time. In Bitcoin investment we dont invest in a way it will affect our financial system.

My investment time is less than 5years for growth,stability and wealth accumulation.

I doubt if this timeline of 5 years will be profitable as you think. I guess you should be more realistic in terms of timeline. 5 years is just a circle and 1 year meaning ylthat you make not get a reasonable amount of BTC within those period.. think of 10- 15 year and at most 20 to 25 years interval but your age should also be considered before chosing the timeline. Yeah some guys may decide to invest into Bitcoin for just 6-7years due to health issues. But you should consider the the reason for your investment timeline before investing.
 

[Tonimez]

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

The question you should ask this people who buys coins and what coin did they buy, because in most scenarios this people buy shitcoins that is why it’s always advisable to invest in Bitcoin and not only investing in Bitcoin, you invest and HOLD for a long term, with a good strategy to accumulate for a long time. and people who are interested in checking the price of coins are people who are interested in trading which have more rate of risk and selling when there is a market rise then you’re loosing money. Bitcoin is a volatile asset that is why it is important to invest in longer term projects.

To invest in bitcoin not that complex just have the basic knowledge and knowledge how exchanges works which is how to buy and transfer to your non custodial wallet and you can choose to first accumulate to some point in your exchange before transferring to save fees.

To secure a better investment is to have a proper planing like having an emergency funds and having a good cashflow still , bitcoin doesn't need technical skills like trading and the others with your funds and some knowledge you good to go - holding bitcoin boils down on how much you trust it that you can see the potential in it , because some folks will be like I can't hold  I will make use of the money given all such of excuse , but always remember one thing which is the reason you started the first place .

Bitcoin investment should be approached with discretionary income which is money you would not be needing anytime soon and that is why you need an income source so you keep getting consistent cashflow to solve your needs while the discretionary income that remains after taking care of your expenses can be comfortably used to invest consistently into bitcoin and build emergency funds and variances of backup funds alongside your accumulation of bitcoin.

If the person would be needing the money soon, then it is not discretionary income and it is not advisable he uses it to invest into bitcoin since it is obvious he cannot go for long-term, so he doesn't have to sell sooner than is of his own will in order to service expenses or needs. Rather, you should advise such a person to work on increasing his income in order to have a steady supply of cashflow and have a resultant discretionary income which he can conveniently invest into bitcoin and be able to go for a long-term holding plan.

It's takes a whole lot of personal discipline to allow your bitcoin stash for long and that is the real quality of a bitcoin investor. Anyone who still gets stalked in thinking about the chart daily and calculating what his gain could be is not very ready for investment. It is normal for bitcoin price to fluctuate, panic sales would also hand you a loss which no one would love to have.
Trading is purely different and getting stalked on the chart already qualified you a trader. Get used to investing strictly with discretionary income in order not to worry too much about the Market behaviour so that you can Hodl for a long period.  Don't invest your backup funds or emergency funds in bitcoin and expect it to skyrocket the next morning because of you. Bitcoin has no idea of how much people panic about the fluctuations, maybe it could have been less volatile, haha.

[asarfiar]

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.

There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any  That way you hold your long day bitcoin You can continue the journey.

[MainIbem]

Edited out

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.

There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any  That way you hold your long day bitcoin You can continue the journey.

Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.

[Y3shot]

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

When investing for a short period is part of the plan, there will always be problems, especially when the price of bitcoin is dropping. It is important for investors to make good plans and decisions when planning to buy bitcoin because if investing for the long term is not part of the plan, it is very possible to sell along the line at a loss. While buying bitcoin to invest, long-term investment should be the priority, and investing in bitcoin with a specific duration and time to sell can also affect investment because bitcoin is volatile and the market is unpredictable. Buy bitcoin and hodl with confidence, and never have a specific time to sell, but hodl until you are satisfied with the value from your hodling.

[Ricardo11]

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

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

When investing for a short period is part of the plan, there will always be problems, especially when the price of bitcoin is dropping. It is important for investors to make good plans and decisions when planning to buy bitcoin because if investing for the long term is not part of the plan, it is very possible to sell along the line at a loss. While buying bitcoin to invest, long-term investment should be the priority, and investing in bitcoin with a specific duration and time to sell can also affect investment because bitcoin is volatile and the market is unpredictable. Buy bitcoin and hodl with confidence, and never have a specific time to sell, but hodl until you are satisfied with the value from your hodling.

Investing in Bitcoin in the hope of short-term profits is always risky, market fluctuations are a very natural thing, and unexpected dumping is very normal. So a real holder never thinks about these, only by holding for a long time can the real profit of Bitcoin be achieved. You always have to think about buying, buy regularly in DCA and hold for a long time, this is the most correct strategy.
And an investor will be able to hold the investment for a long time only when he is confident in himself and in Bitcoin, this is just the beginning of Bitcoin's journey, Bitcoin's future is still far and bright. So if you want to achieve real success in the future, you must have long-term thinking.

[xSkylarx]

Edited out

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.

There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any  That way you hold your long day bitcoin You can continue the journey.

Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.

The data that has been presented from over the last ten years shows that Bitcoin could actually have a very long way to go. If we are talking about growth and multiplying the waiting period of the buyer of the coin to 5 years or more is a very clever strategy for those who trust in its future with great hopes. Even though it may sound mind-blowing for Bitcoin to be worth $1 million, it is actually a possibility given its track record and the increasing adoption.

Keeping Bitcoin for 10 or 20 years will definitely be your way of surviving the generational wealth transfer as Bitcoin which is limited in production will have the efficiency to multiply its value over time. A long-term mind-set and step by step investment is the best approach for investors who are willing to take a chance on the future of their own choice. Patience and consistency are the key as building wealth is not just an overnight process.

[Barikui1]

Edited out

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.

There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any  That way you hold your long day bitcoin You can continue the journey.

Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.

The data that has been presented from over the last ten years shows that Bitcoin could actually have a very long way to go. If we are talking about growth and multiplying the waiting period of the buyer of the coin to 5 years or more is a very clever strategy for those who trust in its future with great hopes. Even though it may sound mind-blowing for Bitcoin to be worth $1 million, it is actually a possibility given its track record and the increasing adoption.

Keeping Bitcoin for 10 or 20 years will definitely be your way of surviving the generational wealth transfer as Bitcoin which is limited in production will have the efficiency to multiply its value over time. A long-term mind-set and step by step investment is the best approach for investors who are willing to take a chance on the future of their own choice. Patience and consistency are the key as building wealth is not just an overnight process.

Yea you are very much on point bro, Bitcoin over the years has been on the rise steadily, so their is a higher probability that it can go as high as a million dollar or more in like 10 to 20 years time from now, though nothing is certain but the probability are very high, so not investing now that it's still very cheap is a risk and a regret am not willing to take, because at the end of the day we are all humans, we most times feel more regret for opportunity that we fail to take than even the ones we took, so not buying and accumulating now that it's still very cheap would be too bad for us that want to build a generational wealth overtime.
And lastly, we should pay more attention to our stash of Bitcoin because that's what going to determine how profitable and successful we are going to be in the future, because you can't just invest only $100 and be expecting to be filthy rich, your unit of Bitcoin is what's going to determine how huge your harvest will be, so try to increase your stash as much as possible because that's what will determine how successful you might be in the future.