Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

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?

So the big hit is buy and buy most necessarily buying as at when there's a price drop and hodl then after sell when the coin is profitable, that's what is required of every trader or investors. But looking at the period we're in it could be either of them buy time or sell time we just need to know when the market is favourable inorder to profitable in the end.

I doubt if you are an investor because you are not speaking like one, as an investor you don't really need to focus at the Dip because it will distract you from your investment and secondly investors doesn't buy and sell because of slight uptrend, investors doesn't consider or see little profit as an option because they focus on long term and that is when the main profit will be seen. Your last statement explain your intention towards Bitcoin ( a trader), because only traders target the market to know when they will be profitable if they buy which is not even correct and certain because it is an assumption.

all of what he said here have the trademark of a trader, because it's only a trader that will only be thinking of making profit in a very short space of time.
Additionally, waiting for dip before buying is not the best way to go about your Bitcoin accumulation because you are going to miss so many buying opportunity which should have been used to accumulation a good fraction of Bitcoin, so waiting for a dip is not the right way to go about your Bitcoin accumulation.

Some people ( traders) are really funny because we all know that Bitcoin is a volatile asset and yet some of them still call themselves expert and good analyst when all they do is predict the market even when they know that it's not certain. Moreover, people who wait for Bitcoin price to dip before they start investing are very unserious people and somehow I see them as traders because most of them after buying at the Dip if it happens they will quickly sell off when there is a price appreciation. Sometimes when someone is waiting for the Dip to come they may spend some of the money they have saved for the Dip while some will squander all if the Dip stays long so it is always pointless waiting for the Dip but it always advisable that while waiting for... Keep on accumulating and holding.

[Futurexxx]

Some people ( traders) are really funny because we all know that Bitcoin is a volatile asset and yet some of them still call themselves expert and good analyst when all they do is predict the market even when they know that it's not certain. Moreover, people who wait for Bitcoin price to dip before they start investing are very unserious people and somehow I see them as traders because most of them after buying at the Dip if it happens they will quickly sell off when there is a price appreciation. Sometimes when someone is waiting for the Dip to come they may spend some of the money they have saved for the Dip while some will squander all if the Dip stays long so it is always pointless waiting for the Dip but it always advisable that while waiting for... Keep on accumulating and holding.

This is just the point buddy, don't just wait for the dip before buying, keep on buying and if in the process of buying the dip comes, see it as an opportunity to accumulate more Bitcoin at a cheaper rate, not by waiting for it which might made the said fellow to miss a whole lot of buying opportunities during those period of waiting.
Furthermore, this current price of Bitcoin might be a dip buying in few years time from now so the best thing is to buy now that it's still very cheap comparing to how much it might get up to in the future.

[Ricardo11]

Some people ( traders) are really funny because we all know that Bitcoin is a volatile asset and yet some of them still call themselves expert and good analyst when all they do is predict the market even when they know that it's not certain. Moreover, people who wait for Bitcoin price to dip before they start investing are very unserious people and somehow I see them as traders because most of them after buying at the Dip if it happens they will quickly sell off when there is a price appreciation. Sometimes when someone is waiting for the Dip to come they may spend some of the money they have saved for the Dip while some will squander all if the Dip stays long so it is always pointless waiting for the Dip but it always advisable that while waiting for... Keep on accumulating and holding.

This is just the point buddy, don't just wait for the dip before buying, keep on buying and if in the process of buying the dip comes, see it as an opportunity to accumulate more Bitcoin at a cheaper rate, not by waiting for it which might made the said fellow to miss a whole lot of buying opportunities during those period of waiting.
Furthermore, this current price of Bitcoin might be a dip buying in few years time from now so the best thing is to buy now that it's still very cheap comparing to how much it might get up to in the future.

Such people will only miss out on good opportunities, Bitcoin will only give an investor the most effective results when he can consistently hold Bitcoin for the long term. If an investor wants to hold Bitcoin effectively, he must use DCA and must maintain strict consistency, consistency is the most effective way to succeed in Bitcoin. Another thing is, to worry unnecessarily about the price of Bitcoin, where history proves that Bitcoin is successful in the long term, I don't understand, also even have proves, but why people are unable to believe in Bitcoin for the long term. Such people will miss out on future profitable opportunities, and in the end only get disappointment, and the only reason for this is their ignorance of the reality of Bitcoin.

[Gost ms]

Some people ( traders) are really funny because we all know that Bitcoin is a volatile asset and yet some of them still call themselves expert and good analyst when all they do is predict the market even when they know that it's not certain. Moreover, people who wait for Bitcoin price to dip before they start investing are very unserious people and somehow I see them as traders because most of them after buying at the Dip if it happens they will quickly sell off when there is a price appreciation. Sometimes when someone is waiting for the Dip to come they may spend some of the money they have saved for the Dip while some will squander all if the Dip stays long so it is always pointless waiting for the Dip but it always advisable that while waiting for... Keep on accumulating and holding.

This is just the point buddy, don't just wait for the dip before buying, keep on buying and if in the process of buying the dip comes, see it as an opportunity to accumulate more Bitcoin at a cheaper rate, not by waiting for it which might made the said fellow to miss a whole lot of buying opportunities during those period of waiting.
Furthermore, this current price of Bitcoin might be a dip buying in few years time from now so the best thing is to buy now that it's still very cheap comparing to how much it might get up to in the future.

Such people will only miss out on good opportunities, Bitcoin will only give an investor the most effective results when he can consistently hold Bitcoin for the long term. If an investor wants to hold Bitcoin effectively, he must use DCA and must maintain strict consistency, consistency is the most effective way to succeed in Bitcoin. Another thing is, to worry unnecessarily about the price of Bitcoin, where history proves that Bitcoin is successful in the long term, I don't understand, also even have proves, but why people are unable to believe in Bitcoin for the long term. Such people will miss out on future profitable opportunities, and in the end only get disappointment, and the only reason for this is their ignorance of the reality of Bitcoin.

Of course, past performance cannot determine or guarantee future results. However, evidence supports that long-term investment in Bitcoin is very low risk and the chances of losing your money are very low. The Bitcoin market is very volatile and can go up and down at any time. Suppose you have invested and you have set your investment time frame for 9 years, your investment is almost at the end of the problem period but if the market sees a major decline then your investment will be lost. Bitcoin is very volatile and anything can happen at any time. But compared to short-term investment, the risk is much lower in long-term investment. The chances of losing your money in short-term investment are much higher. You should never invest in short-term. Keep your investment horizon long, such as 3 to 4 circles.

[CageMabok]

...

This is just the point buddy, don't just wait for the dip before buying, keep on buying and if in the process of buying the dip comes, see it as an opportunity to accumulate more Bitcoin at a cheaper rate, not by waiting for it which might made the said fellow to miss a whole lot of buying opportunities during those period of waiting.
Furthermore, this current price of Bitcoin might be a dip buying in few years time from now so the best thing is to buy now that it's still very cheap comparing to how much it might get up to in the future.

What you said is true because as long as we have the ability to continue buying Bitcoin at any price, then it's better not to delay and immediately make a purchase, especially if it is to be saved as a future investment. So in such a case, of course there is no reason to stop buying or waiting for the price of Bitcoin to drop, because as long as there is the ability to make Bitcoin purchases at a certain time, then do it immediately without having to worry because Bitcoin still has the potential to continue flying high in each cycle.

But if you have seen someone waiting just to make a Bitcoin purchase when the price drops, maybe that person is not a Bitcoin investor but only a trader who is still not brave enough to hold Bitcoin in the long term. So everyone can actually easily distinguish it through the way someone buys Bitcoin. Because investors who like to store Bitcoin for the long term will not think too often about reselling the Bitcoin they have bought at any time.

[Jostern]

You're wrong, in Bitcoin investment, the big right thing to do is jumping in and buying regardless of the market sentiment as long as you've discretionary income present.

You don't just sell because your Bitcoin is profitable, else you can be going for short-term gains. You sell (if at all necessary) at the end of your long-term holding period in order to get the desired profits.

A big hit is accumulating a decent portfolio and holding for a long-term ( 4 -10 years or longer) so that you can have a chance to maximize your profits potential and not worry if the price goes low or high since by then the compounding interest on Bitcoin price appreciation would've acted on your holdings and possibly, you'll be very profitable depending on how long you were able to hold.

As an investment that has reached his accumulation stage with his long term of 2-3 cycles or more, it is adviceable not to sell all your coins but to take your profit and continue your journey or sell part of your capital and have some left which you can continue with because it will be wrong as an old investor to sell all your portfolio and start from the scratch that is from zero level investment that will not be good at all, except you are not interested in Bitcoin anymore.

The fact is that being a no coiner all of a sudden after so many years of accumulation doesn't sounds or look good in my own opinion because selling everything off to me feels like you are no longer interested in Bitcoin or making money through it, but if you are truly a big fan of Bitcoin selling everything off after the end of your accumulation and holding journey is not the right thing to do because you automatic becomes a no coiner, and starting afresh will be very discouraging for you to even consider it again because to accumulate a very huge stash of Bitcoin will actually not take a day or a very short period of time to achieve easily, so taking profit gradually is the best approach if you have gotten to such level of accumulation in the future.

That is quite a huge mistake, for someone who is an investor and probably you’ve gotten to the end of your journey in Bitcoin then I absolutely think selling all your bitcoins is not a so grate plan instead you can approach your profit and then after that if possible keep accumulating more bitcoins continuously, I still doesn’t think there should be an end in investing in bitcoin in as much as we still have a life journey, taking profit little by little is just the best thing to do after completing 2 circle that is the best approach we should have instead of doing a otherwise. I think someone who is an investor wouldn’t sell all his or her bitcoin after completing 2 circle.

[kanftka]

After a few days of discussion, I understood how to spend the earned money in the right way and what kind of fund should be formed with the remaining money.
I have summarized what I understood in this regard below so that it is easy for others to understand -

▪️Proper structure of spending earned money

🔹 Basic needs: In this case, 50 percent of the earned income should be spent.
The areas of expenditure are-
. Food
. Clothing
. Housing
. Education
. Medical care
. Transportation
. Electricity bills, gas bills, etc.

🔹 Savings and investments: Here, a minimum budget of (30-40)% of the income should be kept.
Types of savings and investment funds-
. Emergency fund
. Pension or retirement fund
. Investment in gold or stock market
. Investment in cryptocurrency or Bitcoin

🔹 Entertainment and social expenses: In this case, 5% of the income can be spent.
. Travel
. Eating out at restaurants
. Gifts
. Expenses at social events, etc.

🔹 Some budget can be kept for personal development, donations and social service and other areas.

Now the question may arise, how can those who earn a small amount of money meet their basic expenses with 50% of their income?

In fact, everything is possible if you spend according to your income.

Your breakdown of how to spend income is honestly well thought out and practical. It gives a sense of order to how we handle money. But like you rightly pointed out, the real struggle shows up when someone income is so low that even the basic necessities take up everything they earn and sometimes, it is still not enough.

The truth is, not everyone can fit into that kind of percentage model. Someone earning very little might find that feeding their family, paying rent, or handling transport takes the whole income. So, instead of holding on tightly to spending only 50% on basic needs, what matters more is learning how to live within what you earn not outside of it.

If someone knows their income can not support a $1,000 rent, they should not feel pressured. It is wiser to go for a $500–$700 option. The same thinking should apply to every other aspect of spending, buy what you can afford, not what the world expects you to afford. It is not about being cheap, it’s about being real.

And for those whose income does not leave room for saving or investing after covering essentials, it doesn’t mean they are stuck forever. The important thing is to find ways to reduce unnecessary expenses and look for other means of adding to that income. Whether it is using any skill you already have or finding something extra you can do in your free time, there are always small steps you can take.                                                                 

So yes, your structure is valid and helpful, but it is also important to remind people that the journey is different for everyone. It is not about following a fixed rule it’s about being honest with where you are, making smart decisions, and finding small ways to move forward.

[Nheer]

The fact is that being a no coiner all of a sudden after so many years of accumulation doesn't sounds or look good in my own opinion because selling everything off to me feels like you are no longer interested in Bitcoin or making money through it, but if you are truly a big fan of Bitcoin selling everything off after the end of your accumulation and holding journey is not the right thing to do because you automatic becomes a no coiner, and starting afresh will be very discouraging for you to even consider it again because to accumulate a very huge stash of Bitcoin will actually not take a day or a very short period of time to achieve easily, so taking profit gradually is the best approach if you have gotten to such level of accumulation in the future.

Thinking about taking profit or selling your Bitcoin in the earliest stages of your accumulation is not ideal. Investing is for a long time so thinking about profit now when you still have a long time ahead is not ideal. One thing about selling off your Bitcoin is that you will still want to accumulate at some point again and that will mean you will have to buy at a more expensive price and will make accumulation more difficult.

You should be thinking of how to improve and achieve your investment goals and not taking profit half way. If you can be patient enough to wait for a longer period it will help you benefit even more as Bitcoin value is predicted to reach greater heights.

Bitcoin is very volatile and anything can happen at any time. But compared to short-term investment, the risk is much lower in long-term investment.

Bitcoin is not as volatile as other cryptocurrency and has lesser risk. If you invest for long period  then you have nothing to worry about the price flunctuations especially when you accumulate using the DCA strategy.

[Jaksonhard]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

[Sim_card]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time . Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

Trying to understand the price movement of bitcoin and analyzing the market is not important for a long term investor because he is only to be buying bitcoin continuously with DCA for 4-10 years and above without selling.

It's impossible to understand the price movement of bitcoin and only traders stress themselves on doing this because they feel that they can outsmart the market but it always turns out that the market will outsmart them in the long run and they will incur losses. This is why a new investor shouldn't bother about investing in a short-term because it will lead you to losses since bitcoin investment is a long-term asset and not a get rich quick scheme.

Your major focus is to keep your bitcoin accumulation journey ongoing regularly, consistently and persistently overtime and if possible aggressively to enable reach your bitcoin target faster with DCA method. Work on your increasing your income so that you can have a good size of discretionary income and increase your DCA amount.

[ejikeme24]

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

I think you're missunderstand the concept here, and what did you mean by analyzing the market completely? Seems you're one of those guys that always try to control the market, mind you bitcoin investment is not like that of shitcoin or trading that one will be hoping to get profited within a couple of days/months, in bitcoin investment you will have to make a lot of sacrifices just so that you would be able to HODL your bitcoin in the long run, as a bitcoin investor you don't have to go for short term profit, as this is not the right approach. So you need to ensure that you're going with the right approach to avoid repeating that same mistake that other investors made in the past.

[Fuso.hp]

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?

So the big hit is buy and buy most necessarily buying as at when there's a price drop and hodl then after sell when the coin is profitable, that's what is required of every trader or investors. But looking at the period we're in it could be either of them buy time or sell time we just need to know when the market is favourable inorder to profitable in the end.

I doubt if you are an investor because you are not speaking like one, as an investor you don't really need to focus at the Dip because it will distract you from your investment and secondly investors doesn't buy and sell because of slight uptrend, investors doesn't consider or see little profit as an option because they focus on long term and that is when the main profit will be seen. Your last statement explain your intention towards Bitcoin ( a trader), because only traders target the market to know when they will be profitable if they buy which is not even correct and certain because it is an assumption.

A real investor never gets too excited about temporary changes in the market. They do not sell their investments or rush to increase their investments due to temporary changes in the market. When an investor can decide about his investment by considering all aspects of the market, then we consider that investor as an ideal investor. Bitcoin is bought by a large number of people, so not all people who buy Bitcoin are investors. There are some people who buy Bitcoin as an investment plan, but when you look at their activities, it seems that they are not investing, but rather trading. Again, there are some investors who make investment and trading the same, as a result of which they buy when the price decreases a little and when the price increases relatively a little, they sell their investments. But real investors will only focus on buying and the temporary changes in the market will not cause any confusion in their investments.

[JayJuanGee]

[edited out]

Taking profits shouldn't be the primary aim but the secondary. Investing for 2-3 circles doesn't mean that it is time to take profit because you need to reach your over accumulation stage before you can start thinking of taking profits. This is why a new investor needs to set a bitcoin target for himself so that he can stay focused on his bitcoin accumulation journey without distraction of taking profits at a certain time.

Reaching your bitcoin target depends on your regular weekly purchase with consistency and persistently and based on how aggressive that you go about your bitcoin accumulation within your discretionary income. Since bitcoin price history shows that the price of bitcoin increases overtime and even if I know that the volatility reduces overtime, I believe that one should keep on accumulating more bitcoin irrespective of the amount and number of years that you have been accumulating bitcoin because no amount of bitcoin is enough for you to stop buying when you can continue buying and start taking profits.

If you take profits and leave the amount that you used in investing, what will you use fiat for. It means that you will start building again or waiting for bitcoin price to increase again in the next bull run or what. Building wealth for the future through bitcoin accumulation overtime is the best.

It seems to me that guys go through phases that involve focusing on accumulation and not really paying any attention to price, and then they might slow down in their BTC accumulation focus and perhaps either just buy on dips or maybe just accumulate less frequently.. .and then they might go through a phase where they are neither accumulating nor selling and they are in a kind of maintenance stage... that might precede their getting to some kind of a stage where they might start to sell.. price-based and/or time based, and maybe price based selling might come prior to time based selling... and either of the selling styles could be done in sustainable ways, as I discuss in my sustainable withdrawal thread.  There is a presumption of enough or more than enough BTC in order to justify engaging in price-based sustainable withdrawal and/or even time-based sustainable withdrawal... so guys can get to accumulation statuses in whihc they have enough bitcoin or more than enough bitcoin for their own purposes.

[Derekfunds]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

Yes if someone have a basic knowledge of Bitcoin investment and adhere to the most convenient strategy which is the DCA and keeping all the necessary things then the chance of running into trouble will be very minimal even though there will be unforseen circumstances. But point of correction dude, investors doesn't analyze the market no matter the amount of knowledge they have and as a matter the knowledge is not for market analyzing rather is a tool that will guide an investor and taking some decisions while investing and people who analyze the market are traders.

[laijsica]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

You don't have to be a professional to invest in Bitcoin. If you have a regular source of discretionary income and know very little, then Bitcoin is enough to start. People's knowledge and experience can vary depending on their strategy, some of them invest weekly or monthly. Excessive analysis may be detrimental to your investment, as you may want to buy Bitcoin when its price dips, but it will lead you to delayed investment and your success will never come in your favorite time. You need to practice regularly and continue to save Bitcoin regularly through patience.

If you are new to investing, you should spend time learning but as you do so you should also be in regular Bitcoin accumulation so that you can raise a decent-sized stash while you are still a beginner.

[GIF-JOBS]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

Yes if someone have a basic knowledge of Bitcoin investment and adhere to the most convenient strategy which is the DCA and keeping all the necessary things then the chance of running into trouble will be very minimal even though there will be unforseen circumstances. But point of correction dude, investors doesn't analyze the market no matter the amount of knowledge they have and as a matter the knowledge is not for market analyzing rather is a tool that will guide an investor and taking some decisions while investing and people who analyze the market are traders.

People who are knowledgeable about Bitcoin never panic during the short-term volatility of Bitcoin, when a real investor can truly understand the long-term potential of Bitcoin, then he will definitely be able to adapt to any situation, and will refrain from making wrong decisions, which will keep his holdings safe in the long term. Long-term investors never worry about the market, just focus on buying, buy and accumulate, grow the portfolio, then your success will also be great.

[Taskford]

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

You don't have to be a professional to invest in Bitcoin. If you have a regular source of discretionary income and know very little, then Bitcoin is enough to start. People's knowledge and experience can vary depending on their strategy, some of them invest weekly or monthly. Excessive analysis may be detrimental to your investment, as you may want to buy Bitcoin when its price dips, but it will lead you to delayed investment and your success will never come in your favorite time. You need to practice regularly and continue to save Bitcoin regularly through patience.

People just need to understand how Bitcoin investment works and they are good to go on Bitcoin.

They don't need to have deep knowledge about it since somehow they would just learn lot of things from the experience they get. Since Investing on Bitcoin for long term doesn't need any huge effort since what investor should do is to buy Bitcoin then hold it on their wallet.

Their accumulation would became more better if they apply DCA strategy since if they can make everything work according to what they plan to happen for sure that everything will be alright on their investment.

[Tonimez]

[edited out]

Taking profits shouldn't be the primary aim but the secondary. Investing for 2-3 circles doesn't mean that it is time to take profit because you need to reach your over accumulation stage before you can start thinking of taking profits. This is why a new investor needs to set a bitcoin target for himself so that he can stay focused on his bitcoin accumulation journey without distraction of taking profits at a certain time.

Reaching your bitcoin target depends on your regular weekly purchase with consistency and persistently and based on how aggressive that you go about your bitcoin accumulation within your discretionary income. Since bitcoin price history shows that the price of bitcoin increases overtime and even if I know that the volatility reduces overtime, I believe that one should keep on accumulating more bitcoin irrespective of the amount and number of years that you have been accumulating bitcoin because no amount of bitcoin is enough for you to stop buying when you can continue buying and start taking profits.

If you take profits and leave the amount that you used in investing, what will you use fiat for. It means that you will start building again or waiting for bitcoin price to increase again in the next bull run or what. Building wealth for the future through bitcoin accumulation overtime is the best.

It seems to me that guys go through phases that involve focusing on accumulation and not really paying any attention to price, and then they might slow down in their BTC accumulation focus and perhaps either just buy on dips or maybe just accumulate less frequently.. .and then they might go through a phase where they are neither accumulating nor selling and they are in a kind of maintenance stage... that might precede their getting to some kind of a stage where they might start to sell.. price-based and/or time based, and maybe price based selling might come prior to time based selling... and either of the selling styles could be done in sustainable ways, as I discuss in my sustainable withdrawal thread.  There is a presumption of enough or more than enough BTC in order to justify engaging in price-based sustainable withdrawal and/or even time-based sustainable withdrawal... so guys can get to accumulation statuses in whihc they have enough bitcoin or more than enough bitcoin for their own purposes.

This is succinct and understandable. I can also describe the maintenance stage as that stage where you either reduce your percentage discretionary income allocated to bitcoin accumulation or increase the DCA period. This is aimed at remaining in the game and maintaining the current bitcoin status. Withdrawal processes described hereinafter sustainable withdrawal thread could also be a light to your next level of bitcoin experience.

[Barikui1]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time.

A Bitcoin investor doesn't need to be analyzing the market before making a purchase of Bitcoin, just buy once your discretionary income is available, analyzing the market are for traders. What's the point analyzing the market when in ten years time from now or more this current price will actually be a steal?
Thinking that you can outsmart the market is one big mistake most traders do, and what mostly makes them to act as such is because of their quest for short term gains, that is why they mostly lose money in the market, but a typical Bitcoin investors duty is to just buy and hold, in ten to twenty years time, he will make even more than those traders analyzing the market due to their quest for short term gains.

[Cossyblack]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

You are right. If a person has the right knowledge, the right knowledge of the strategy inside him, then he will never be afraid of the market going up and down. Since he has the ability to analyze the market completely, he can analyze it correctly with his maximum knowledge and invest correctly for a short time or a long time. Although he loses some amount of his money, he has the right knowledge and ideas to recover his money. So I think for a professional investor, no matter what the market is like, he will not be afraid of being in the market, but he can continue to invest with his own knowledge.

I don't think anybody has complete knowledge about bitcoin, infact we are still learning new things about bitcoin as time goes on. You look more of a trader than an investor to me because it's only traders that always want to analyze the market inother to buy Bitcoin when it's Dips and  later sell it immediately it appreciate a little in value. But even as a trader with many years of experience, you will never get it right all the time when it comes to predicting the market as there will  be records of losses at your ends,so It's just another means of wasted effort and Resources when you try to predict the market.

If you have gotten the right knowledge about bitcoin,you will never venture into bitcoin with the mindset of a trader with a short term plan,rather a long term plan will be more considerate so that you will able to maximize profits in the long run .Infact you don't have to study everything about bitcoin before you can become an investor, knowing the very basics about bitcoin and how it works is enough to get you prepared on starting your Bitcoin investment.

As long as your have a good stream income or a job that earns you money, you can be consistent in buying and accumulating Bitcoin weekly or monthly Using your discretional income regardless of the price and time .As long as you have your discretional income ready You can keep buying bitcoin until you reached your desirable accumulation  target and since you're in a long term plan , you're expected to hold for at least a period of 4-10 years or more inother to make maximum profits in the long run.