Buy Buy Buy or Sell Sell Sell?

[Merit.s]

If you just started investing in bitcoin and you're beginning to have a double mind, remember that bitcoin was not launched at $100k.

Any new investor that has double mind on bitcoin if it's a good investment to throw some value into should start by investing little amount of money like $10 and above into bitcoin every week and keep his DCA ongoing with consistency and persistency overtime. As he starts buying weekly, he will begin to understand bitcoin as he buys every week through experience. As he is learning and accumulating, his confidence will begin to increase in bitcoin because he will understand that bitcoin price recovers every dip and increases in value overtime.

When he has gotten good confidence in bitcoin and he has cleared all his doubt, he can increase his DCA amount in order for him to buy aggressively to cover up those periods that he was buying with little amount after 1-2 years of his bitcoin investment. Experience is the best teacher. It's better to start with very little amount of money than not to invest at all because of doubts on bitcoin performance.

What if bitcoin falls to $1 today, will you still accumulate??

It's not possible for bitcoin to dip to a dollar because the odd of bitcoin price moving uptrend is higher than downtrend. Give realistic figures.

[Jostern]

Those who have delayed investing in Bitcoin and thought a lot have regretted it later. I have seen many such investors who initially waited for the negative changes in the market and when the price of Bitcoin was at the level that investors considered to be the highest level and thinking it was the highest level, they did not invest there, they just waited. But after waiting, when they saw that the price of Bitcoin was not decreasing but rather gradually increasing, they regretted why they did not invest in Bitcoin at that time.

In fact, if we think so much, investing in Bitcoin will never be possible, since we know the easiest and most reliable strategy of investment, so we only have to start investing in Bitcoin with a certain amount and maintain the continuity of investment based on our income, but it will be seen that as investment has become much easier for us, we have a different sense of responsibility towards this investment.  

For most investors, getting started is the hardest step, but if you start investing by considering this difficult step as easy, then continuing to invest consistently becomes an easy matter.

That delay and overthinking trying to time the market is why there’s a DCA method and proper bitcoin investment knowledge needed. The fact is no matter how many times we say it there will always be these  people who wait and wait for a dip and miss out on opportunities they could have accumulated more. These people are traders who are only after short term gains cos their intentions is to sell when price pumps, this practice is not encouraged of investors.

If you have made up your mind to invest I don’t see any reason why you would delay except you have no discretionary funds available. If that’s the case then you work to make that available and you start your investment immediately.

Anyone who understands the potential of Bitcoin and knows how important it is to have it in their wallet will never for  one day joke with it, yea I understand and I know that some people see all these we are talking about Bitcoin as an ideal case and it may look like that for them but what we are saying about Bitcoin is not ideal but rather an actual and real, I mean something that will definitely come to happen. Whosoever that have a good fraction or number of Bitcoin trust me the person has a precious asset and so anyone who is wasting time or waiting for the price to first come down while the DCA method is available is really not serious or interested to be an investor.

You thick a lot o buses as per say, I think people who understand and knows the potential of bitcoin would definitely not joke with investing in Bitcoin, some people are just into Bitcoin just because of quick profit and gains but that is where they get it all wrong, because for someone who is eager to invest and make a good investment should only be interested in buying and investing in Bitcoin for a longer term, bitcoin is an asset that will never disappoint or fail people who have been investing and accumulating for a longer term period, sometimes new investors are afraid and scared when there is a dip but that shouldn’t be a worry to them because Bitcoin will surely appreciate more, there is no need to panic when there is a downturn but instead it presents an opportunity to accumulate more.

[Nheer]

You thick a lot o buses as per say, I think people who understand and knows the potential of bitcoin would definitely not joke with investing in Bitcoin, some people are just into Bitcoin just because of quick profit and gains but that is where they get it all wrong, because for someone who is eager to invest and make a good investment should only be interested in buying and investing in Bitcoin for a longer term, bitcoin is an asset that will never disappoint or fail people who have been investing and accumulating for a longer term period, sometimes new investors are afraid and scared when there is a dip but that shouldn’t be a worry to them because Bitcoin will surely appreciate more, there is no need to panic when there is a downturn but instead it presents an opportunity to accumulate more.

Sincerely speaking almost everyone is in for the profit but this is not something you can rush, it takes patience and consistency to achieve this that's why when I see someone seeking quick profit I just say they are not really here for the investment. It's not about getting rich quick but about believing in the asset's growth over time. Those who are in for quick profit are traders not investors because investing in Bitcoin can't be done in a short time if you are really after gains. For those who are willing to hold on and accumulate over time will definitely reap significant rewards.

[Bluedrem]

Those who have been investing for 5 years can be called new investors in many cases because their portfolio depends on it. For example, consistency is very important in investing. And it is very necessary for a new investor to start investing. If a person knows what Bitcoin is and through which method it can be invested, be it DCA or DIP and if there is a discretionary income, then it is never right for a person to wait to invest. Because many people think that investing requires a lot of expertise or a lot of knowledge. Along with investing, you can achieve everything. If you do not invest, how will you gain experience. And a person has to be patient.

Having a little knowledge is definitely important in investing. In the case of Bitcoin, although the amount of knowledge is very small, there is no big problem in investing, but you have to have a little knowledge, otherwise it becomes difficult for him to hold Bitcoin.
For example - Mr. A only knows about Bitcoin and has no idea about its behavior and market. He invested in Bitcoin, suddenly he saw that the price of Bitcoin is falling. Then he will not be able to hold himself mentally. He may sell his Bitcoin. Again, if the price increases, then the short-term profit can tempt him to sell Bitcoin.

But if someone has a complete understanding of Bitcoin and is aware of the market, then all these parameters of price decrease and increase do not affect him that much. They invest constantly in the DCA method and later they are successful.

[GIF-JOBS]

You thick a lot o buses as per say, I think people who understand and knows the potential of bitcoin would definitely not joke with investing in Bitcoin, some people are just into Bitcoin just because of quick profit and gains but that is where they get it all wrong, because for someone who is eager to invest and make a good investment should only be interested in buying and investing in Bitcoin for a longer term, bitcoin is an asset that will never disappoint or fail people who have been investing and accumulating for a longer term period, sometimes new investors are afraid and scared when there is a dip but that shouldn’t be a worry to them because Bitcoin will surely appreciate more, there is no need to panic when there is a downturn but instead it presents an opportunity to accumulate more.

Sincerely speaking almost everyone is in for the profit but this is not something you can rush, it takes patience and consistency to achieve this that's why when I see someone seeking quick profit I just say they are not really here for the investment. It's not about getting rich quick but about believing in the asset's growth over time. Those who are in for quick profit are traders not investors because investing in Bitcoin can't be done in a short time if you are really after gains. For those who are willing to hold on and accumulate over time will definitely reap significant rewards.

Bitcoin is not a get rich quick scheme, but those who want to get rich quick through Bitcoin investment are never investors, but rather they are gamblers. Those who think of getting rich quick overnight, should try to get rich through gambling instead of Bitcoin investment, because who knows, they may even get the jackpot due to their luck, this is just an example. Don't think about getting rich quick through Bitcoin investment, Bitcoin is a long-term process and Bitcoin will bring the most successful results in the long run. So instead of worrying about daily fluctuations, keep the mindset of holding Bitcoin for the long term, its results will definitely satisfy you.

[Proty]

[

]


It is never a good idea to wait to start investing. If you have a stable income and if you have basic knowledge about Bitcoin, then you can start investing immediately. A real investor will never wait for a fall to invest, those who wait for a fall are basically businesses. If you do not have an emergency fund before investing, then create an emergency fund along with the investment. So that you can protect your holdings from unexpected financial disasters.

An investor can use the fall if he wants. For example, if a person continues to buy continuously using the DCA method and if he sees a fall in the market, he can buy at that time in the DIP way.

It will never be right to sell their holdings until the investment period ends. You have to be patient until the investment period ends. Remember one quota that patience always does not cheat people but gives the best gift of good times.

What you said about waiting for a dip is correct,it is not a good idea to be waiting for bitcoin to dip before starting to accumulate bitcoin.  Waiting for bitcoin to dip  will lead to an investor missing market opportunities instead of an investor to be waiting for a dip it is preferable to start with DCA strategy since it doesn't involve waiting an timing the market and looking for a desire entry point. Infact waiting is not among the strategy in accumulating bitcoin so instead of waiting one can be doing DCA and still buy the dip using reserve or extra cash whenever there is a dip. An investor can decide to be using a set percentage of his discretion to be doing DCA and the remaining percentage for buying the dips, with this there won't be need to be waiting and missing market opportunities.

[CageMabok]

Those who have been investing for 5 years can be called new investors in many cases because their portfolio depends on it. For example, consistency is very important in investing. And it is very necessary for a new investor to start investing. If a person knows what Bitcoin is and through which method it can be invested, be it DCA or DIP and if there is a discretionary income, then it is never right for a person to wait to invest. Because many people think that investing requires a lot of expertise or a lot of knowledge. Along with investing, you can achieve everything. If you do not invest, how will you gain experience. And a person has to be patient.

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

[Kagaru]

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

[Scarlett_23]

Again if you don't want to accumulate during any dip since you have reached overaccumulation and you have started selling I will advise you engage in selling only your profit, what do I mean, if you are holding 10 Bitcoin and the current price is $107k and you reached your overaccumulation stage when the price $98k what you will do is selling only what has added to the $98k.

You are going to measure whether you reached overaccumulation status based on spot price?

So how are you going to manage that?

Changes in spot price is going to knock you out of overaccumulation status?

Sure, it is possible to have such a system, but you likely need to figure out some way of dealing with volatility.

I think that part of the reason that I like to assess overaccumulation based on the 200-WMA (and/or bottom prices) is because the 200-WMA has tended to continuously move up, and also the spot price is usually above the 200-WMA... so that gives a bit of additional cushion to attempt to deal with likely inevitable BTC price volatility.

I believe that it is not impossible to assess that you have reached overaccumuation status based on spot prices, but you have to figure out how to make sure that you are not falling in and out of overaccumulation status merely based on 5-10% price movements... so there likely needs to be some built in ways of dealing with such volatility, especially if you are largely planning to stay in bitcoin rather than put your money into inferior assets, such as the dollar, some other fiat or some dollar denominated asset that is also inevitably losing value.. and it seems that part of the reason to be attempting to value wealth and to keep wealth in bitcoin is because it seems that over the longer term it is holding its value better than fiat, even accounting for inflation and/or seemingly inevitable fiat debasement.

JJG the point I was trying to make there was that when someone has reached overaccumulation stage and he is ready to start selling his Bitcoin he should be doing that once the price doubled, I was finding it difficult to give a more simple explanation that was why I used that example in trying to explain when the price doubled one can sell but I didn't get the explanation very well.
Those that has reached overaccumulation stage can always wait till the price double before they sell so they won't finish up there Bitcoin investment, that means even in your overaccumulation stage you still have to be patient in selling in other to maintain and keep your investment going, so you can decide to sell 3%, 5%, 8% or 10% when ever the price of your Bitcoin doubles the choice is all yours.
It is true that as an investor you have the full right to sell your Bitcoin anyhow and in which way you wish to but if you want to keep your investment going that strategy will be of great help, is very bad to build an investment to a great height and still end up running it dry at once, that is not how an investment should be done.

And yes assessing overaccumulation based on the 200-WMA is very good, by above statement was the message I was trying to pass and not how to access one overaccumulation stage.
I think there's a thread you created and you gave good explanation of this matter.

Where one wants to see oneself after ten years, one should have a fixed goal. And after setting a goal, one should work according to the plan. Therefore, no matter where one is in terms of investment, business, or job, one must move forward with a fixed goal and plan. In terms of investment, whatever can be achieved after a set period of time is success. Whether one invests after this or only sticks to the strategy is up to him. Because there is no obligation at this stage. If one puts oneself under mental and financial pressure by buying and selling too much at this time, it will be very difficult. Because the patience like before will not be there at that time. Therefore, it is better to withdraw the profit gradually without wasting one's capital.

[Ruttoshi]

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

Buying at the dip isn't a good strategy because it will keep you waiting and waiting wouldn't make you to be consistent in your bitcoin accumulation overtime. It's better to use DCA method in order fof you to be consistent and persistent in buying and building your bitcoin portfolio with part of your discretionary income for 4-10 years and above.

However, if you want to use thd buy dip strategy, you have to mix it with your ongoing DCA by setting up a reserve funds so that whenever there's a dip, you can buy more bitcoin cheaper from your reserve funds. It's totally wrong for you to pause your DCA and start waiting for the dip. Therefore, if you don't have funds available to buy at the dip, your ongoing DCA will enable you to benefits from buying at the dip because DCA method gives you to buy bitcoin always irrespective of the price of bitcoin at that moment.

A new investor focus should be how he can buy as many bitcoin as possible and focus on reaching his bitcoin target and not about the price that he wants to buy bitcoin because in future bitcoin price will be very expensive.

[Rockson1]

Bitcoin is not a get rich quick scheme, but those who want to get rich quick through Bitcoin investment are never investors, but rather they are gamblers. Those who think of getting rich quick overnight, should try to get rich through gambling instead of Bitcoin investment, because who knows, they may even get the jackpot due to their luck, this is just an example. Don't think about getting rich quick through Bitcoin investment, Bitcoin is a long-term process and Bitcoin will bring the most successful results in the long run. So instead of worrying about daily fluctuations, keep the mindset of holding Bitcoin for the long term, its results will definitely satisfy you.

They are theoghly gamblers which can also be referred to as traders, the problem with some people is that they aren't patient enough to understand bitcoin investment instead they are just after being too quick to chase something that may likely mess them up financially, was bitcoin even meant to be used for trading, how wil someone even think that he or she will just come in today and just boom immediately how possible is this, even in gambling has it been easy like that for anyone to make money so fast as such,  the mindset of many people has been the reason why they couldn't and wouldn't go far in bitcoin stuff because what they are looking for is not what bitcoin represents, as for fluctuation, it didn't start today and it won't end for any reason, bitcoin is a volatile asset as such both intending and existing investor should get used to it because it ain't changing, is just like telling humans to stop breathing, so it ain't possible.

[Pandorak]

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

In the end, instead of waiting for the Bitcoin price to drop or correct, it is better to focus on buying in the long term, just buy once your discretionary income is available, then you only need consistency in keeping your Bitcoin investment going. To understand Bitcoin in depth takes a long time, because the knowledge of Bitcoin is vast, you will miss opportunities if you decide to wait, those who do not move quickly will be left behind and regret it later.

[I_Anime]

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

In the end, instead of waiting for the Bitcoin price to drop or correct, it is better to focus on buying in the long term, just buy once your discretionary income is available, then you only need consistency in keeping your Bitcoin investment going. To understand Bitcoin in depth takes a long time, because the knowledge of Bitcoin is vast, you will miss opportunities if you decide to wait, those who do not move quickly will be left behind and regret it later.

You’re right , so There’s no need for one to picture bitcoin being so complex that one will have to go deeper to the extent of trying to gain some technical knowledge to start accumulating, is good to go for the knowledge too but is not necessary that you have to go deep before you can start investing, you can just go for the basic knowledge first . Like knowing how to purchase bitcoin via exchanges and how to store it in your noncustodial wallet.

Then all you next is to know the principle to follow while investing in bitcoin , to secure a smooth investment in bitcoin , because without the proper approach you can end up messing up
Your bitcoin investment in a long run .

[Stable090]

In the end, instead of waiting for the Bitcoin price to drop or correct, it is better to focus on buying in the long term, just buy once your discretionary income is available, then you only need consistency in keeping your Bitcoin investment going. To understand Bitcoin in depth takes a long time, because the knowledge of Bitcoin is vast, you will miss opportunities if you decide to wait, those who do not move quickly will be left behind and regret it later.

When investing in bitcoin, the best strategy which I know is DCA, you don’t have to wait for bitcoin to dump before you start investing in bitcoin, if you are waiting, then bitcoin price might not drop to that range, and that means you won’t be investing. When you are planning to invest, then you can just be investing in bitcoin gradually. Some people that do claim they want bitcoin price to dump before investing, some will say they have a specific price that they want bitcoin to reach before investing, immediately bitcoin price dumps to that range, you will see that they will change their mind, and they will set lower price for bitcoin to reach before they are going to invest. Whenever I hear anyone saying they want bitcoin price to dump before investing, then I do have it in mind that they don’t really want to invest.

[promise444c5]

Some people that do claim they want bitcoin price to dump before investing, some will say they have a specific price that they want bitcoin to reach before investing, immediately bitcoin price dumps to that range, you will see that they will change their mind, and they will set lower price for bitcoin to reach before they are going to invest. Whenever I hear anyone saying they want bitcoin price to dump before investing, then I do have it in mind that they don’t really want to invest.

It’s psychological and here’s the thing :
Someone waiting for a dip let’s say around 90k will wait for the Dip right.. but when the dip finally comes, there’s this urge of wanting more and the he/she feels like “ ohh yeah it’s 90k! How about I just wait it out to 85k” and then then the cycle continues till the lose it but what if their expectations of 90k was never met in the first place ?
That’s where the FOMO comes in with the fear of being left out yet,a drop in market could literally make them Panic Sell instantly.. However with DCA, like you said everything looks pretty much solved, if it drops , it’s like buying the DIP and if it pumps instead, you have the profit because you bought already. Win-Win
And yea!I do  agree with the last statement plus been kind of greedy somehow..

[Tonimez]

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

Buying at the dip isn't a good strategy because it will keep you waiting and waiting wouldn't make you to be consistent in your bitcoin accumulation overtime. It's better to use DCA method in order fof you to be consistent and persistent in buying and building your bitcoin portfolio with part of your discretionary income for 4-10 years and above.

However, if you want to use thd buy dip strategy, you have to mix it with your ongoing DCA by setting up a reserve funds so that whenever there's a dip, you can buy more bitcoin cheaper from your reserve funds. It's totally wrong for you to pause your DCA and start waiting for the dip. Therefore, if you don't have funds available to buy at the dip, your ongoing DCA will enable you to benefits from buying at the dip because DCA method gives you to buy bitcoin always irrespective of the price of bitcoin at that moment.

A new investor focus should be how he can buy as many bitcoin as possible and focus on reaching his bitcoin target and not about the price that he wants to buy bitcoin because in future bitcoin price will be very expensive.

Buying the dips is not a completely bad idea but restricting your bitcoin accumulation to dips is the wrong idea here. Someone can also buy by DCA and make use of dips for aggressive buys in terms of a surplus. Buying dips is good but it can also lead someone into buying beyond his capacity when care is not taken. There have been events where people sell off properties to buy dips and it never ended well. Oftentimes, their reason for buying aggressively is to sell in any slight market shift. Dips sometimes give rise to bitcoin traders when they have invested all their earnings in it.

We preach DCA approach using discretionary income because it is less stressful financially and we all have come to realise that it's better to invest gradually and hold for long than invest aggressively and sell prematurely.

[ejikeme24]

[Edited out]

Beginners usually need a lot of motivation, don't give them negative things because it can be down for them, as much as possible beginners should know that investing in bitcoin is not for the short term but for the long term with a minimum investment of 5 years and above.

Most beginners already knew that bitcoin investment  is not a short term investment, yet they will still want to go for the short term profit instead of holding it in the long run, the Major reason why most people always find it hard to HODL thier bitcoin in the long run is due to lack of patient and being so inquisitive to make profit from bitcoin investment. It surprises me to see that Majority of this guys who are into bitcoin investment are only interested in the profit making, probably when they reach thier investment goal, the only thing that comes out from their mind is sell" and use the profit to do whatever thing they Wish to do with it, while some will sell thier holdings and start holding fiat, and be waiting for inflation to eat them up, While bitcoin is supposed to be a tools that we can use to fight against inflation.

[Lembo69]

Sometimes beginners are still hesitant to invest because they don't have long experience --- then think it's too expensive, then usually they give up their intention to invest in bitcoin because mentally they are not ready, meaning in this case it is natural that beginners must be able to dare to start from the beginning. Because at the beginning it is difficult to do after they do it they will easily invest any amount. Beginners usually need a lot of motivation, don't give them negative things because it can be down for them, as much as possible beginners should know that investing in bitcoin is not for the short term but for the long term with a minimum investment of 5 years and above.

Every investor is a beginner and inexperienced at the beginning. So experience should not be an excuse. I have not seen any beginner who has a prudent source of income and basic knowledge hesitate to invest. This is just our misconception.

The main problem of an inexperienced beginner investor is not starting to invest, but rather maintaining the investment. The main reason behind the failure of inexperienced investors is the failure of long-term planning. In today's modern times, there are very few people who have basic knowledge about Bitcoin and have the ability to start investing. They do not hesitate to start investing. Rather, they are tempted by the temptation of short-term profits and sell their investments or enter trades in the hope of short-term profits. This can be solved by advising them to stay away from temptations. If they can be free from temptations, then maybe it will not be difficult for them to survive in investment. The boys/girls of the recent generation are brave, but vulnerable to temptation.

Excessive greed and lust make people lose everything. Excessive temptation in the field of Bitcoin is no exception. Let's assume that Bitcoin is a fruit tree. You planted this tree to eat its fruit. Now the tree will take less than 4 years to be fully developed. And then you can eat the fruit from the tree, which was never possible before. If you want to grow the tree before the specified time of growth and use additional chemical fertilizers for this, then the tree will die. In the case of Bitcoin too, the more pressure you take after such an investment, the more you will suffer.

In the present era, boys/girls are brave. But they are people surrounded by lust. Nothing comes in the life of people surrounded by lust except pressure. They make investments. Whenever the market goes into recession, they sell their investments out of fear. This fear or anxiety makes them sell their investments and later think that they may not have been perfect for investment or that is the main reason for their lagging behind. In any endeavor in the world, success comes if you try. In Bitcoin, success comes if you are patient, not effort. Whether there is a recession or whatever comes in the middle, an investor will definitely be successful if he can invest with confidence. Create an alternative part of income and start investing. Maybe this investment will change your life.

[JayJuanGee]

[edited out]

It's true that we can never overemphasize the importance of have a solid plan and also sticking to those plans when it comes to investing in Bitcoin. I'm pretty sure those who aggressively bought Bitcoin during the 2022-2023 dip and have continued to HODL are most likely to be in a much better position right now and are definitely grateful for every single sat they accumulated back then.

It's also quite true that a lot of investors might actually get confused about reaching their target amount of Bitcoin or even when they should start selling. Some investors might have the plans of selling at a specific price level, like $200k or maybe even higher, while some other investors might come to realize that they've not really reached their desired target and so needs to continue accumulating more bitcoin before they can even think of selling.
I've come to realize that it's really not just about having a price target, but also more about the journey. As we already know, Bitcoin is more of a long term gain, and the more we learn to focus on progress rather than perfection, the better for us. And even If we are unsure of what the future really holds for us, it's still possible to make informed decisions based on our long term financial goals, financial position and risk tolerance.

I doubt that it is enough to merely have a price and time target since bitcoin as compared with fiat is a moving target and it would likely play out too simply to just have narrow targets, especially if anyone is attempting to actually understand bitcoin as more than just a trade. .but yeah, sure people can do whatever they like in terms of their figuring out what their goals might be within the process of accumulating.. and then figuring out what comes next .. is it just getting in and out of the bitcoin or is there some attempts at maintenance involved.

[edited out]

Yeah you are right JJG he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market, this may be as a result of not having a backup funds, an investor may be so determined and consistent with his or her investment but along the line for some time or season stop accumulating because he or she wants to solve or settle an emergency that came up, but with a backup funds you can solve your emergency without it obstructing your accumulation process.

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

[kanftka]

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

Honestly, I feel like the main thing we should give more attention to is accumulating Bitcoin. That is actually the whole point. Buying the dip sounds nice true, yeah, but the truth is it does not help you build consistently TBH.. Most times, we keep waiting for some perfect dip that never comes, and in the process, end up not buying anything at all.

I would say even if you want to buy the dip, try to mix it with DCA. Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.

A lot of us underestimate how powerful consistency is. We all know that stacking bit by bit and letting time do the work is way better than trying to catch the bottom and all that..