Buy Buy Buy or Sell Sell Sell?

[Silikiem]

I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.

Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices.  Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.

Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.

[Jostern]

Yes, many people doubt that the level of success is actually determined by large capital, but what I try to maintain myself in is to be consistent in investing so that even small amounts of Bitcoin are accumulated in the portfolio.

It's a thinking style of losers as if they can not succeed with small capital, how would they succeed with bigger capital?

It's impossible as managing a small capital is more easily and less stressful than managing a big capital. With same strategy, you would feel more comfortable with a small capital rather than with a big capital. In other word, to succeed with a big capital, you must start and gain success with a small capital for a long time. It gives you precious experience and sharpens your management skills so that you will have higher chance of succeed with bigger capital.

If anyone says, "Give me a big capital, I can succeed with it". It's dangerous calling and smart as well as careful people will never give anyone a big capital with that promise without any evidence of success from previous capital management of either small or big capital.

Someone having this kind of mindset, I must say does not have a good basic understanding about investing in Bitcoin, Investing in Bitcoin is an opportunity that we should be able to embrace, You don’t need a huge amount of capital to be able to invest because you can have a small income as long as you have a discretionary funds after your expenses you can invest and continue to accumulate, its doesn’t matter if you need a big capital or you have a small capital you can keep investing whichever means that you have a source of income that can help you continue to grow and build your portfolio and accumulate; also if you have a little small source of income it’s best you choose to invest and accumulate using the DCA.

Perhaps you have a opportunity of having a big capital like you mentioned or you are rich and wealthy, or having a large source of income, I suggest that is an opportunity of investing more and that can support to accumulate more and also help to accumulate aggressively, but you have to  be careful when being aggressive to avoid being over aggressive that it tends to affect your overall strategy of building your portfolio, having that in mind it’s also important to approach other strategies of bitcoin and how to accumulate more with your large source of income and capital, you can as well invest and accumulate using the lump sum method which can allow you to invest a large value all at once which is a good idea for someone who has a large income that is rich and wealthy,
As an investor that has a large amount and a good source of income you can also choose to front load your bitcoin which isn’t a bad choice considering that it’ does not affect your portfolio. And accumulate more through that strategy.

But I must say that Dollar Cost Averaging (DCA) is more of a preferred approach for a new investor that doesn’t have huge source of income to help and stay consistent and accumulate more in fraction by fraction, and it’s definitely the best choice for me that isn’t financially viable and buoyant I prefer investing and accumulating using the DCA to continue building my portfolio and to hodl.
But you must know that either if you invest with a large capital or Small capital profit is not guaranteed, but you must focus on consistent accumulation and hodl.

[JayJuanGee]

Well if we use your forum registration date, then maybe we could attempt to approximate where you could have had been right now if you had pursued an aggressive bitcoin investment strategy, including DCA buying.

Let's say for example you have had an income of around $30k per year for the past 7 years, and you started investing into bitcoin right around the time of your forum registration date, and let's say that you invested fairly aggressively around $100 per week, which would have had been right around 17% of your income.  So you would have had invested right around $34.5k and you would have had accumulated about 2.31 BTC.  Surely not a bad place to be.

An assumption that is almost close and I really enjoy it until now. Whatever the condition, I also as a member of the forum until now really appreciate any opinions and input especially from our seniors who have been here for a long time and including you too Mr. JayJuanGee. Thank you

I think that the lesson is that if you are not somewhere in the ballpark of what I am suggesting to have had been possible (of course, the numbers do not need to be the same, but getting the idea of 17%-ish of your gross annual income invested into bitcoin each year for 7 years), then surely that is a certain level of aggressiveness, and if you are quite a distance from those numbers, then perhaps you might need to consider adapting your style for however many years it might take for you to strive towards getting to such a status, even if you might have to spend the next 7 years-ish accumulating bitcoin in such a style. 

The example that I had given would have had been quite difficult for bitcoin traders and/or shitcoiners to have had been able to achieve.. not impossible, but quite difficult and probably involving luck for anyone who might have had achieved similar numbers with either trading and/or shitcoining, and many of us prefer to not gamble with our investments but to try to be aggressive in our buying of bitcoin within our known means.

I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.

Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices.  Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.

Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.

Those market sentiment indexes are NOT good ways to structure your bitcoin accumulation practices, and it is much better to mostly structure your bitcoin accumulation practices based on your discretionary income and how aggressive you are able to be.. .in the process of living your life and sometimes perhaps nt being abler to buy bitcoin as aggressively as you would like, based on your own cashflow and/or expenses, which brings us back to my own recommendation that each of us, especially those in their first whole bitcoin cycle (and perhaps even a bit longer) should be attempting to be as aggressive as we are able to be in our bitcoin accumulation practices, and we do not base our aggressiveness on market sentiment or our perceptions of bitcoin price, but instead on our own cashflows within our discretionary income.

[ejikeme24]

It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.

Investment within any investors reach is as the same thing investment aggressively and talking about not investing up to 70% for a start i that it is not that possible but those are into Bitcoin  for so long now, and with their steady cashflow defers that is how your their percentages will defer when it comes to investing and buying Bitcoin aggressively, and good investors will surely start his/her investment along side his emergency fund.

Furthermore, as a Bitcoin investor, we should try to be stacking up our emergency funds the Same way we are buying weekly or monthly, so that our emergency funds will be big enough to carry what ever storm or financial crisis that may arise in the future.

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up, why expenses comes everyday and is through our discretionary income that we can use to make those expenses which is why our discretionary funds need to be more larger than that of emergency funds but our emergency funds need to be available at anytime because emergency is unforeseen" no one knows when it will occur.

[sotelorene]

Well if we use your forum registration date, then maybe we could attempt to approximate where you could have had been right now if you had pursued an aggressive bitcoin investment strategy, including DCA buying.

Let's say for example you have had an income of around $30k per year for the past 7 years, and you started investing into bitcoin right around the time of your forum registration date, and let's say that you invested fairly aggressively around $100 per week, which would have had been right around 17% of your income.  So you would have had invested right around $34.5k and you would have had accumulated about 2.31 BTC.  Surely not a bad place to be.

An assumption that is almost close and I really enjoy it until now. Whatever the condition, I also as a member of the forum until now really appreciate any opinions and input especially from our seniors who have been here for a long time and including you too Mr. JayJuanGee. Thank you

It is not just about appreciating people for what they have done for you. There is this person I use to know, whenever he gives you something tangible, he will be expecting you to double or increase that which he gave to you and if you went to see him to show gratitude or thank him, he will first ask you what you have achieved so far with what he has given you and if you didn't show a concrete thing of what you used the thing for, he will not accept your gratitude, he will ask you to leave because what he gave you was a waste. Just like you are appreciating people here for what they have shared with you ( Bitcoin knowledge) and then it happens that you didn't even practice what you have learnt so far, the appreciation will be useless because you didn't utilize what you heard.

[I_Anime]

I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.

Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices.  Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.

Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

[Moreno233]

Furthermore, as a Bitcoin investor, we should try to be stacking up our emergency funds the Same way we are buying weekly or monthly, so that our emergency funds will be big enough to carry what ever storm or financial crisis that may arise in the future.

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up, why expenses comes everyday and is through our discretionary income that we can use to make those expenses which is why our discretionary funds need to be more larger than that of emergency funds but our emergency funds need to be available at anytime because emergency is unforeseen" no one knows when it will occur.

You are mistaken discretionary income for something else and I will trying to explain so that you don't run into problems. When you receive some cash such as net salary after all obligatory deductions, from this fund you are supposed to remove the money for your basic needs such as food, utility bills and others. After removing the funds for your basic needs, what is left is called discretionary income. It is from this discretionary income you decide what to set aside as emergency funds, what to invest in Bitcoin and what to set aside as reserve funds if you want to go that route. The emergency funds is not necessarily for investment in Bitcoin but can best be described as a protection for your investment because that is what you will use to attend to issues that may come up which you did not plan for in the beginning. It will prevent you from selling your Bitcoin over minor such issues that is why it is very necessary.

[Sonia_123]

Yes, many people doubt that the level of success is actually determined by large capital, but what I try to maintain myself in is to be consistent in investing so that even small amounts of Bitcoin are accumulated in the portfolio.

It's a thinking style of losers as if they can not succeed with small capital, how would they succeed with bigger capital?

It's impossible as managing a small capital is more easily and less stressful than managing a big capital. With same strategy, you would feel more comfortable with a small capital rather than with a big capital. In other word, to succeed with a big capital, you must start and gain success with a small capital for a long time. It gives you precious experience and sharpens your management skills so that you will have higher chance of succeed with bigger capital.

If anyone says, "Give me a big capital, I can succeed with it". It's dangerous calling and smart as well as careful people will never give anyone a big capital with that promise without any evidence of success from previous capital management of either small or big capital.

Someone having this kind of mindset, I must say does not have a good basic understanding about investing in Bitcoin, Investing in Bitcoin is an opportunity that we should be able to embrace, You don’t need a huge amount of capital to be able to invest because you can have a small income as long as you have a discretionary funds after your expenses you can invest and continue to accumulate, its doesn’t matter if you need a big capital or you have a small capital you can keep investing whichever means that you have a source of income that can help you continue to grow and build your portfolio and accumulate; also if you have a little small source of income it’s best you choose to invest and accumulate using the DCA.

Perhaps you have a opportunity of having a big capital like you mentioned or you are rich and wealthy, or having a large source of income, I suggest that is an opportunity of investing more and that can support to accumulate more and also help to accumulate aggressively, but you have to  be careful when being aggressive to avoid being over aggressive that it tends to affect your overall strategy of building your portfolio, having that in mind it’s also important to approach other strategies of bitcoin and how to accumulate more with your large source of income and capital, you can as well invest and accumulate using the lump sum method which can allow you to invest a large value all at once which is a good idea for someone who has a large income that is rich and wealthy,
As an investor that has a large amount and a good source of income you can also choose to front load your bitcoin which isn’t a bad choice considering that it’ does not affect your portfolio. And accumulate more through that strategy.

But I must say that Dollar Cost Averaging (DCA) is more of a preferred approach for a new investor that doesn’t have huge source of income to help and stay consistent and accumulate more in fraction by fraction, and it’s definitely the best choice for me that isn’t financially viable and buoyant I prefer investing and accumulating using the DCA to continue building my portfolio and to hodl.
But you must know that either if you invest with a large capital or Small capital profit is not guaranteed, but you must focus on consistent accumulation and hodl.

DCA strategy is not necessarily made for only new investor with low amount income , even those new investors with huge amount of income uses DCA strategy, in other to understand the market and get used to Bitcoin, so that there will not be any mistake in their beginning and the entire building up process, when they have properly understood Bitcoin without any mistake can then go into aggressive  and ruthless buying of Bitcoin or even applying the lump sum strategy if they wish to, some old Bitcoin investors still make use of DCA strategy because it is easy for everyone to use and they prefer that method, irrespective of your financial status and who you are

[JayJuanGee]

Well if we use your forum registration date, then maybe we could attempt to approximate where you could have had been right now if you had pursued an aggressive bitcoin investment strategy, including DCA buying.

Let's say for example you have had an income of around $30k per year for the past 7 years, and you started investing into bitcoin right around the time of your forum registration date, and let's say that you invested fairly aggressively around $100 per week, which would have had been right around 17% of your income.  So you would have had invested right around $34.5k and you would have had accumulated about 2.31 BTC.  Surely not a bad place to be.

An assumption that is almost close and I really enjoy it until now. Whatever the condition, I also as a member of the forum until now really appreciate any opinions and input especially from our seniors who have been here for a long time and including you too Mr. JayJuanGee. Thank you

It is not just about appreciating people for what they have done for you. There is this person I use to know, whenever he gives you something tangible, he will be expecting you to double or increase that which he gave to you and if you went to see him to show gratitude or thank him, he will first ask you what you have achieved so far with what he has given you and if you didn't show a concrete thing of what you used the thing for, he will not accept your gratitude, he will ask you to leave because what he gave you was a waste. Just like you are appreciating people here for what they have shared with you ( Bitcoin knowledge) and then it happens that you didn't even practice what you have learnt so far, the appreciation will be useless because you didn't utilize what you heard.

I do get your point that actions speak louder than words, and even sometimes we might have some members who are describing their situation in such a way that we get some sense that they are acting upon the knowledge that they are gaining by participating in this forum.

We can also pass the knowledge forward to other members or even to real world (or non-forum contexts), since several of of the members of the forum are not necessarily expecting any kind of monetary reward for any help that we might give (or the information that we share), and surely there may well be a presumption that those who are seeming to give free knowledge might have received free knowledge in the past and/or even might be ongoingly continuing to receive rewards and/or non-monetary benefits from participating in the forum and sharing knowledge about bitcoin and/or in the case of some of these thread investment and cashflow management kinds of discussions and sharing of information.

[edited out]

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

You make a decently good point, and that is both that bitcoin will continue to dip from time to time, and sometimes we cannot know that we are in an opportunity for buying that is not necessarily ever going to come back again.

Another thing is that even though we know that there are going to be dips in the future, we cannot even know if the dips in the future will be low as our current price.

The whole last 3 years really can serve as a demonstration that guys would have had been better off to just be ongoingly buying as best as they could have had done in the past 3 years, and sure, maybe they still would not have had gotten enough bitcoin, yet they would likely be in a much better position as compared with the guys who had been waiting around for dips that may or may not happened and even identifying dips and buying rather than continuing to wait for more dips that might not end up happening.

[Tungbulu]

Well if we use your forum registration date, then maybe we could attempt to approximate where you could have had been right now if you had pursued an aggressive bitcoin investment strategy, including DCA buying.

Let's say for example you have had an income of around $30k per year for the past 7 years, and you started investing into bitcoin right around the time of your forum registration date, and let's say that you invested fairly aggressively around $100 per week, which would have had been right around 17% of your income.  So you would have had invested right around $34.5k and you would have had accumulated about 2.31 BTC.  Surely not a bad place to be.

An assumption that is almost close and I really enjoy it until now. Whatever the condition, I also as a member of the forum until now really appreciate any opinions and input especially from our seniors who have been here for a long time and including you too Mr. JayJuanGee. Thank you

It is not just about appreciating people for what they have done for you. There is this person I use to know, whenever he gives you something tangible, he will be expecting you to double or increase that which he gave to you and if you went to see him to show gratitude or thank him, he will first ask you what you have achieved so far with what he has given you and if you didn't show a concrete thing of what you used the thing for, he will not accept your gratitude, he will ask you to leave because what he gave you was a waste. Just like you are appreciating people here for what they have shared with you ( Bitcoin knowledge) and then it happens that you didn't even practice what you have learnt so far, the appreciation will be useless because you didn't utilize what you heard.

I do get your point that actions speak louder than words, and even sometimes we might have some members who are describing their situation in such a way that we get some sense that they are acting upon the knowledge that they are gaining by participating in this forum.

We can also pass the knowledge forward to other members or even to real world (or non-forum contexts), since several of of the members of the forum are not necessarily expecting any kind of monetary reward for any help that we might give (or the information that we share), and surely there may well be a presumption that those who are seeming to give free knowledge might have received free knowledge in the past and/or even might be ongoingly continuing to receive rewards and/or non-monetary benefits from participating in the forum and sharing knowledge about bitcoin and/or in the case of some of these thread investment and cashflow management kinds of discussions and sharing of information.

This community is a lot more  valuable to the members when the knowledge and experiences acquired here is evenly distributed to one another and also applied in the real world context. There are several benefits that comes with sharing valuable information and insights about Bitcoin investment, by doing so, members will not only be helping others but also reinforcing and sharpening their own understanding and knowledge of Bitcoin.

I feel so overwhelmed when I see members of this community who are selfless when it comes to sharing their knowledge and impacting other members of the forum without expecting to receive any form of compensation or monetary benefits, because it shows just how generous they are and also speaks so much about the collaborative spirit that's embedded in this community. And there's indeed no doubt that those who has dedicated themselves in sharing their expertise to help other members of the community has also in one way or the other, benefitted from similar interactions in the past, and are now trying to reciprocate to that by also helping others, you what they say, to whom much is given, much is also expected.

You also know the best part of this kind of knowledge sharing, it can actually have some kind of ripple effect, because the information and knowledge shared to the community may not only benefit the direct recipient but as well others who may also be impacted by the decisions made by the immediate recipients. Members who also participate in these discussions can also contribute immensely to a collective growth in understanding that can enforce even more developments and have more benefits.

[Cossyblack]

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up,

Emergencies doesn't come knocking at the door,it's takes us unaware,it's not because Emergencies are rare we shouldn't keeping stacking but we are stacking to keep us prepared for it when it strikes. We don't know how large and tough it could be because financial Emergencies varies in figures,some might come smaller or larger,it's all depends on how prepared and how big your emergency funds can fit in to solve the situation on ground and that's why it's most considerate to keep growing your emergency funds for as long as your Investment is still running.  I understand an investor main goal is to keeping stashing enough Bitcoin to grow his portfolio but that shouldn't be it's only interest as other important factors like building  an emergency funds helps keeps his investment running smoothly without him tampering with his portfolio in any way in the long run.

[bitzizzix]

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up,

Emergencies doesn't come knocking at the door,it's takes us unaware,it's not because Emergencies are rare we shouldn't keeping stacking but we are stacking to keep us prepared for it when it strikes. We don't know how large and tough it could be because financial Emergencies varies in figures,some might come smaller or larger,it's all depends on how prepared and how big your emergency funds can fit in to solve the situation on ground and that's why it's most considerate to keep growing your emergency funds for as long as your Investment is still running.  I understand an investor main goal is to keeping stashing enough Bitcoin to grow his portfolio but that shouldn't be it's only interest as other important factors like building  an emergency funds helps keeps his investment running smoothly without him tampering with his portfolio in any way in the long run.

Things to consider and how important an emergency fund is to think about, what if you lose your job or source of income and also what if you get sick or your wife, your children, all of which happen suddenly and will require a lot of money to be able to cope and you have to think more if those things happen or something happens that requires a lot of money and that's where the important role of an emergency fund becomes very important. And those incidents often happen when they invest without having an emergency fund and finally they have no choice but to use their investment before the desired time period and the big profit has not been achieved, so it is very important to continue to provide an emergency fund in addition to investing in Bitcoin because both will grow evenly over time and both will benefit you especially the profits generated by Bitcoin as long as you treat it for the long term.

[Nightwatchmare]

Long term is 10-12 years maybe a bit long. If an investor wants to withdraw profits and increase the amount of real assets within four years (one cycle), then it can be realistic for him. Instead of withdrawing his entire investment. If his profit amount in one cycle is more than he thought during the period of regular DCA method. For some reason, the possibility that the price of Bitcoin may fall should be considered in the investment thinking and you may be better off removing funds equal to the profit from the capital after a cycle.
Continuous DCA strategy and accumulation will continue and there is a strong desire to increase your assets from profits. I think selling Bitcoin before the completion of a four-year cycle is a trading mentality, so the long term should be 4-10 years.

The perspective depends on yourself in this case especially for bitcoin because in the end what we call long-term may not be for others and vice versa.

Regardless of whether the duration of time is considered long-term in the end as long as it is more than 1 or 2 halving rounds I think it is considered long-term so there is no need to question whether it is too long or not because it all depends on each perception.
I personally will still make this a long term but as for the investment time made it depends on my own perspective as long as I am still able to withstand then it doesn't matter if it is done for 5 years, 10 years or even more because after all when in bitcoin when the duration gets longer then the effectiveness and risk will be narrowed down so it is quite normal and very worth it to do when in bitcoin for the long term.
As long as we are able to withstand why not.

A more general bitcoin long term investment ranges from 4 to ten years of holding even though also, the longer you hold, the better chances of making something more encouraging.

As long as we are able to withstand why not.

It is very possible to Hodl for As long as you are active which presents bitcoin as a retirement plan order than just an active turnover business. Being active here means before retirement, when you could have a basic income to plan with. To an extent, Long term investment starts and ends in the mind: Your ability to resist push or pull due to market volatility. You could buy as little as you can hold off your discretionary income instead of accumulating Aggressively possibly by lump-sum or DCA beyond your capacity. The moment we avoid investing beyond our strength, then anyone could buy, buy and buy without getting tired of buying.

You can still be aggressive within your capacity, aggressiveness doesn't mean strangling yourself in a bid to invest into bitcoin, rather it is using a good portion of your discretionary income to invest into bitcoin as a sign of seriousness and dedication to your ongoing accumulation journey. The bad idea is to be over aggressive which puts the investor into unnecessary pressure in his investment schedule which can be as a result of using all of your discretionary income which was initially meant for investing and building backup funds for only investing into bitcoin, or worse still, also using funds meant for your expenses to buy bitcoin. It even puts your bitcoin portfolio at a risk since when the needs arises, you would have no other option than to tamper with your portfolio in order to solve the emergency or need that you should've considered prior to purchasing bitcoin.


Investing as low as 50% of your discretionary income can still be termed aggressiveness although some investor tends to be more aggressive than others and some can go as high as 70% of their discretionary income, yet every investor is advised to be as aggressive as they can without overdoing it or putting themselves at a disadvantage.

It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.

Discretionary income is leftover money after you have settled your monthly expenses. It is not bad if he wishes to use 70% of his discretionary income to invest in bitcoin; it's a wise choice because it will help him to front-load his bitcoin investment. He can build his emergency fund with the remaining 30% of his discretionary income gradually since he won't experience unexpected problems immediately starting his bitcoin investment. Everyone investing in bitcoin is already investing aggressively. If Sticky Bomb is comfortable using 70% of his discretionary income to invest in bitcoin and be in the position to take care of his expenses anytime, he is okay to invest at his own level of aggressiveness.

[Ricardo11]

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up,

Emergencies doesn't come knocking at the door,it's takes us unaware,it's not because Emergencies are rare we shouldn't keeping stacking but we are stacking to keep us prepared for it when it strikes. We don't know how large and tough it could be because financial Emergencies varies in figures,some might come smaller or larger,it's all depends on how prepared and how big your emergency funds can fit in to solve the situation on ground and that's why it's most considerate to keep growing your emergency funds for as long as your Investment is still running.  I understand an investor main goal is to keeping stashing enough Bitcoin to grow his portfolio but that shouldn't be it's only interest as other important factors like building  an emergency funds helps keeps his investment running smoothly without him tampering with his portfolio in any way in the long run.

Things to consider and how important an emergency fund is to think about, what if you lose your job or source of income and also what if you get sick or your wife, your children, all of which happen suddenly and will require a lot of money to be able to cope and you have to think more if those things happen or something happens that requires a lot of money and that's where the important role of an emergency fund becomes very important. And those incidents often happen when they invest without having an emergency fund and finally they have no choice but to use their investment before the desired time period and the big profit has not been achieved, so it is very important to continue to provide an emergency fund in addition to investing in Bitcoin because both will grow evenly over time and both will benefit you especially the profits generated by Bitcoin as long as you treat it for the long term.

As a long-term Bitcoin investor, the first thing that an investor needs to ensure is a strong emergency fund, but most investors ignore this issue at the initial stage. They do not think about how common unexpected situations are, where they will need a large amount of money urgently.
But if you do not have an emergency fund ready at that time, you will have to sell your holdings forcibly, which will destroy the continuity of your holdings and you may face losses.
Building an adequate emergency fund is one of the biggest requirements in long-term investment and it should be mandatory to build it. There is no substitute for emergency funds to stay safe from disasters in the long-term Bitcoin holding journey.

[melinoe]

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

We got back a bit to 108k or so, so buckle up, the next stop is getting more once we fall back a bit  

[Jostern]

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up,

Emergencies doesn't come knocking at the door,it's takes us unaware,it's not because Emergencies are rare we shouldn't keeping stacking but we are stacking to keep us prepared for it when it strikes. We don't know how large and tough it could be because financial Emergencies varies in figures,some might come smaller or larger,it's all depends on how prepared and how big your emergency funds can fit in to solve the situation on ground and that's why it's most considerate to keep growing your emergency funds for as long as your Investment is still running.  I understand an investor main goal is to keeping stashing enough Bitcoin to grow his portfolio but that shouldn't be it's only interest as other important factors like building  an emergency funds helps keeps his investment running smoothly without him tampering with his portfolio in any way in the long run.

Things to consider and how important an emergency fund is to think about, what if you lose your job or source of income and also what if you get sick or your wife, your children, all of which happen suddenly and will require a lot of money to be able to cope and you have to think more if those things happen or something happens that requires a lot of money and that's where the important role of an emergency fund becomes very important. And those incidents often happen when they invest without having an emergency fund and finally they have no choice but to use their investment before the desired time period and the big profit has not been achieved, so it is very important to continue to provide an emergency fund in addition to investing in Bitcoin because both will grow evenly over time and both will benefit you especially the profits generated by Bitcoin as long as you treat it for the long term.

As a long-term Bitcoin investor, the first thing that an investor needs to ensure is a strong emergency fund, but most investors ignore this issue at the initial stage. They do not think about how common unexpected situations are, where they will need a large amount of money urgently.
But if you do not have an emergency fund ready at that time, you will have to sell your holdings forcibly, which will destroy the continuity of your holdings and you may face losses.
Building an adequate emergency fund is one of the biggest requirements in long-term investment and it should be mandatory to build it. There is no substitute for emergency funds to stay safe from disasters in the long-term Bitcoin holding journey.

Emergency funds is important for someone who wants to continue accumulating bitcoin and have an plan of holding for long term. Not having emergency funds at first instance should not hinder us from investing in bitcoin. We might not have emergency funds before starting our investment, but we can start building emergency funds 3-4 months into our investment. But it’s not mandatory to have it immediately as your starting your investment, for someone who has a low income it might be hard to start emergency funds immediately, but for someone who is wealthy it’s more easier for them to build emergency funds immediately. For someone who have a low income it’s okay to start investing and start emergency funds after starting investment, it’s important to be disciplined and maintain a good balance on accumulating and building energyency an reserved funds.

[Joy- maker]

I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.

Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices.  Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.

Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

this is exactly the reason why it is not advisable  for newbies to be waiting for bitcoin to dip before they can get start accumulating bitcoin to hold for long term,  they will be disappointed just as those newbies where waiting and hoping that bitcoin will dip before them can get started, and those investors too who sold there bitcoin and hoping to buy back when bitcoin dip where also disappointed, bitcoin is already a store of Val with potential returns so why waiting for dips to get start, and selling to buy back cheap, this stage is to be accumulating bitcoin consistently using the DCA method and hold for long term and not the stage to sell to buy back cheap, because that price you are wetting for to buy back won't come.

[SOKO-DEKE]

I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.

Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices.  Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.

Yes, this is so true and exactly my point from my previous post., It absolutely makes no sense for an investor whose initial strategy of investing in long term with the DCA method of accumulation and holding to be emotional about the market volatility and at such you turn to the sentiment fear and greed index. It will obviously have a great effect in your level of accumulation because at that time you make such harsh decision, you’re no longer going to be consistent in your accumulation either weekly or monthly and before you know it you might end up abandoning your investment because you’re now waiting to buy in the dip which is a very wrong approach for an investor with the mindset of investing consistently for a long term goal, such mindset is conceived by traders who only want to make quick profit and it’s a very wrong decision especially as it concerns the DCA method of accumulation.

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

At this point, I know some people are regretting why they did not buy when the price of Bitcoin was lower than this just recently and Instead of using this opportunity to start investing, they are still listening to those who claim they can predict Bitcoin’s price by saying it will drop again.

Recently, when Bitcoin’s price was in the $80K range, I saw some set people saying the price would dip again, and they were advising others not to buy at that time. But I told some people who were willing to invest in Bitcoin for long term that it’s not about arguing whether Bitcoin will dip or not  but  point is that who know when the correction will happen or may the correction of bitcoin price may not go dip as they was think. And again nobody know when the bitcoin price will pump again and that is what i have happend recently just see from where bitcoin price picked to it new ATH.

[JayJuanGee]

[edited out]

This community is a lot more  valuable to the members when the knowledge and experiences acquired here is evenly distributed to one another and also applied in the real world context. There are several benefits that comes with sharing valuable information and insights about Bitcoin investment, by doing so, members will not only be helping others but also reinforcing and sharpening their own understanding and knowledge of Bitcoin.

I feel so overwhelmed when I see members of this community who are selfless when it comes to sharing their knowledge and impacting other members of the forum without expecting to receive any form of compensation or monetary benefits, because it shows just how generous they are and also speaks so much about the collaborative spirit that's embedded in this community. And there's indeed no doubt that those who has dedicated themselves in sharing their expertise to help other members of the community has also in one way or the other, benefitted from similar interactions in the past, and are now trying to reciprocate to that by also helping others, you what they say, to whom much is given, much is also expected.

You also know the best part of this kind of knowledge sharing, it can actually have some kind of ripple effect, because the information and knowledge shared to the community may not only benefit the direct recipient but as well others who may also be impacted by the decisions made by the immediate recipients. Members who also participate in these discussions can also contribute immensely to a collective growth in understanding that can enforce even more developments and have more benefits.

It seems to be that bitcoin does not have any specific marketing team, while at the same time, there seems to be a decent number of folks who are still spreading the word about bitcoin, and sure if we are holders of bitcoin, we can still benefit indirectly from the ongoing spreading and/or rippling effects of the spreading the word about bitcoin.

[edited out]

As a long-term Bitcoin investor, the first thing that an investor needs to ensure is a strong emergency fund, but most investors ignore this issue at the initial stage. They do not think about how common unexpected situations are, where they will need a large amount of money urgently.
But if you do not have an emergency fund ready at that time, you will have to sell your holdings forcibly, which will destroy the continuity of your holdings and you may face losses.
Building an adequate emergency fund is one of the biggest requirements in long-term investment and it should be mandatory to build it. There is no substitute for emergency funds to stay safe from disasters in the long-term Bitcoin holding journey.

I am ongoingly thinking that the first thing is to get started investing into bitcoin.  If you have no investment in bitcoin, then what are you protecting with your establishing of a strong emergency fund?

Of course, if someone has such messed up finances that he cannot really figure out whether or not he has a discretionary income, then surely he may not be in a position to start investing into bitcoin until he can figure out that he actually has discretionary funds.

It seems that most people, even people with bad finances will tend to have some extra funds that would cover anywhere between 2 weeks and 6 weeks of their expenses, so many people already have an emergency fund from the start, and to get started investing into bitcoin, I doubt that the emergency fund even needs to exist, and surely it does not need to be strong, such as being equivalent of 3 months or more of expenses, even though once the amount invested into bitcoin might start to get to 3-6 months or more of expenses, then it is probably good to have had built up your emergency funds to be at least 3 months of expenses.. and surely, depending on how much discretionary income a person has it could take 1-2 years or more just to get the emergency funds and the bitcoin investment each equalling 3 months of expenses... and for many folks who had not previously had any investments, that would be a good place to be.

The funny thing is that the recent price  is still early for long term investment, and the market literally create a lot of dip before this recent ATH . But still a lot folks didn’t grasp the opportunity to be aggressive then rather they where waiting for more dip and they end up missing out , now bitcoin around the range of $110k.

Though bitcoin will continue to do correction but there’s certain price it won’t fall back again so better you take abt opportunity you have now .

We got back a bit to 108k or so, so buckle up, the next stop is getting more once we fall back a bit  

So you are expecting more of a fallback?  I saw $107,367 as our so far low for the day (or the low for the past two days). 

Sure it is possible to dip more, yet if you are a relative newbie to investing into bitcoin, it may be better to just buy regularly without looking at the price. .and then maybe even extend your regular and ongoing buying for 4 years or more  before you might start to get price sensitive, yet I know that many of us would like to buy bitcoin at lower rather than higher prices since we would get more bitcoin for the same number of dollars.   

For example, you melinoe, only have about 5 weeks registered on the forum, even though, sure you might have had started buying bitcoin prior to 5 weeks ago.. .. and sure, within reason you might buy bitcoin every week and then attempt to buy on the dip during any given week, which sometimes can be difficult to do when the BTC price is going up, which has largely been the case since our $74k low on April 6.. so it can be quite challenging for some guys to be feeling that they might have to buy in the supra $100k prices, yet they hardly have any choices if they are new to bitcoin, since we cannot really expect BTC prices to go back down, so sure, I understand the dilemma for anyone who is somewhat brand new to bitcoin accumulation and feeling stuck in terms of buying now versus waiting, and from my perspective buying now is a better strategy, even though surely even with weekly buying periods, there could be ways to try to buy dips during the week or alternatively just to have a set day of the week that buys take place without getting overly preoccupied about the price but instead just having systems in place that facilitate continuous building of the personal bitcoin stack.

[edited out]

Emergency funds is important for someone who wants to continue accumulating bitcoin and have an plan of holding for long term. Not having emergency funds at first instance should not hinder us from investing in bitcoin. We might not have emergency funds before starting our investment, but we can start building emergency funds 3-4 months into our investment. But it’s not mandatory to have it immediately as your starting your investment, for someone who has a low income it might be hard to start emergency funds immediately, but for someone who is wealthy it’s more easier for them to build emergency funds immediately. For someone who have a low income it’s okay to start investing and start emergency funds after starting investment, it’s important to be disciplined and maintain a good balance on accumulating and building energyency an reserved funds.

It is risky to have absolutely no emergency fund, since if you have no emergency funds then your bitcoin is serving as your emergency fund.  I tend to personally suggest that emergency funds are built at the same time as the bitcoin investment until the emergency funds and bitcoin in vestment are at least 3 months in size, and then once the emergency fund is 3 months of expenses in size, then there is more freedom to invest more aggressively into bitcoin, yet some guys also want to build other kinds of more flexible back up funds, besides emergency funds, and surely it is more difficult for poor people to build up these various kinds of back up funds as compared with richer people.

[edited out]

At this point, I know some people are regretting why they did not buy when the price of Bitcoin was lower than this just recently and Instead of using this opportunity to start investing, they are still listening to those who claim they can predict Bitcoin’s price by saying it will drop again.

Recently, when Bitcoin’s price was in the $80K range, I saw some set people saying the price would dip again, and they were advising others not to buy at that time. But I told some people who were willing to invest in Bitcoin for long term that it’s not about arguing whether Bitcoin will dip or not  but  point is that who know when the correction will happen or may the correction of bitcoin price may not go dip as they was think. And again nobody know when the bitcoin price will pump again and that is what i have happend recently just see from where bitcoin price picked to it new ATH.

Yep.  Each of us likely wants to be prepared for if the BTC price goes up or down, and if the price goes down we want to be able to buy more, and if the price goes up we should want to have had already bought.. so there is a dilemma, yet the ONLY way to really prepare for UP is to ongoingly, persistently be buying until we have enough or more than enough.. and it tends to take a long time to get our bitcoin holdings to a point that we have enough or more than enough.

[Fuso.hp]

Furthermore, as a Bitcoin investor, we should try to be stacking up our emergency funds the Same way we are buying weekly or monthly, so that our emergency funds will be big enough to carry what ever storm or financial crisis that may arise in the future.

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without  seizing, because is very rare Before emergency issues can come up, why expenses comes everyday and is through our discretionary income that we can use to make those expenses which is why our discretionary funds need to be more larger than that of emergency funds but our emergency funds need to be available at anytime because emergency is unforeseen" no one knows when it will occur.

You are mistaken discretionary income for something else and I will trying to explain so that you don't run into problems. When you receive some cash such as net salary after all obligatory deductions, from this fund you are supposed to remove the money for your basic needs such as food, utility bills and others. After removing the funds for your basic needs, what is left is called discretionary income. It is from this discretionary income you decide what to set aside as emergency funds, what to invest in Bitcoin and what to set aside as reserve funds if you want to go that route. The emergency funds is not necessarily for investment in Bitcoin but can best be described as a protection for your investment because that is what you will use to attend to issues that may come up which you did not plan for in the beginning. It will prevent you from selling your Bitcoin over minor such issues that is why it is very necessary.

Investors create emergency funds so that they can maintain continuity in their investments. People can experience economic downturns at times and when a person experiences an economic downturn, they will naturally not be able to invest in Bitcoin continuously. But those who are very serious about their investments never want their investments to be irregular no matter how much economic hardship comes in their lives. That is why when they have a lot of money, they keep a part of that money aside and consider that part as an emergency fund. However, it may not be possible for everyone to create an emergency fund because not everyone's financial situation is the same or everyone's income is the same. Those who create an emergency fund and invest will undoubtedly be much ahead in reaching their goals, but those who cannot do so try to reach their goals.