Buy Buy Buy or Sell Sell Sell?

[Tonimez]

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

Before you use fine English to confuse newbies, they need not complicate the Bitcoin investment process and should be able to work out a simple approach that will make it mechanical so that they do it with minimal effort and without much hassles. One of the test approach that is recommended for new investors is the DCA method which is the method of investing with lower amount of money on a regular interval like monthly or weekly. This method is great in that it allows the investor to buy with any amount they can afford and encourages them to make effort to sustain the investment process in a disciplined fashion.

However, it must be clearly stated that investment in Bitcoin must only be made from part of the discretionary income of the investor. The discretionary income, which is usually separated from the money for basic needs, should be properly allocated so that apart from the investment amount, emergency funds must also be kept in place to take care of unplanned things that can occur while the investment is in place. This measures will make even new investors to succeed in Bitcoin as thought they are pro in that area.

The extent of emphasis that has been laid on bitcoin DCA investment approach by discretionary income has been on the good side. Even so far, people still haven't understood the real meaning of discretionary income and how to channel it properly. I have read many posts of newbies insisting on investing all their discretionary income and I know it's because maybe they don't have clear understanding of where discretionary income starts.

Discretionary income is the fund left after basic human responsibilities for the period between paydays excluding emergency funds, backup funds and investment funds. This automatically lists the basic components of discretionary income or better put, how discretionary income is to be allocated. These three events are separated by percentage. Out of the discretionary income comes the emergency funds and back up funds while the last percentage is then channelled into bitcoin investment especially at the early days when an investor has little or no emergency funds and back up funds.

A newbie must understand that aside basic responsibilities, emergency situations may arise and when it arises, the absence of emergency funds would mean that your bitcoin stash would be endangered. So the idea of investing all your discretionary income should be erased among newbies who aim at holding for a long time.  Someone might want to invest aggressively, this is good as long as it doesn't affect your emergency funds and back up funds. You also have to understand that your basic responsibilities are paramount and should be handled.

Finally, a newbie should avoid greed or temptation due to dips and concentrate more on his DCA approach and plan for a long-term holding of at least 4 to 10 years time.

[Lida93]

~snip~.

Buying aggressively to build a bitcoin portfolio is a great idea though but you first have to put your financial income sources in order and what I mean by this is that you must strive to have a multiple sources of income that are reliable and considerate to be able to have to strong financial flow that could help you buy aggressively even while using the DCA approach. With multiple income sources you can dedicate a single source for your bitcoin portfolio accumulation, while direct other sources towards everyday demands and emergency needs. Imho, you can't successfully maintain aggressive buying with a single income source because you can't always pend other real life demands.

Do you know that as Perus on some post here, i came up with this question, how can an investors buy Bitcoin aggressively with his discretionary income and invest for long term cycles without ending up make use of short term investment since such investors doesn't have any source of income? And why ask this question is that i came across where some investors are saying the you must have a steady source of income before you invest without knowing that without have a means of income such investors meant end up make use of short term investment since there  no income to support or back your investments to last in a very long term,

But @Lida93 post that i quoted has just given me the reason to have financial sources in multiple in order to maintain long term investment and that will always make you buy Bitcoin aggressively and i totally agree with him.

Well, thanks for aligning with my thoughts, am glad it could be helpful to someone out there. That's what the forum is meant for and especially this thread, for us all to rub mind on how best we can be able achieve our dream of having a bitcoin portfolio among other investments we already have gotten in life. Because a multiple investments is a save haven for an investor that when one side fails you can rely on the other, and bitcoin investment proves to be one very invest asset we can rely on anytime, anyday.

[yixichloro2xx]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

  ‎That makes a lot of sense. I have noticed that too,some of the mistakes I have made could have been avoided if I took more time to learn the basics first. It is true that with time, you can be able to realize some errors were just from rushing or not fully understanding how things work. But I also believe that experience plays a big role. Even with basic knowledge, you won’t fully get it until you start and make those small mistakes. What matters is growing from them and staying focused on learning the right way to invest.

[yixichloro2xx]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

‎That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

[Hewlet]

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

‎That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

just like you, every investor has his own starting point when all they knew was just the information others feed them with and the little they also got from personal research. but that is just the entry phase, the main phase start when you actually buy bitcoin. once you start buying with the goal of holding your bitcoin and not selling it, you don't need to stress yourself too much regarding ;learning about some complex things about bitcoin or trying to do too much market analysis before you can buy as suggested @fredericktaylor. doing too much analysis when like determining the perfect time to buy or trying to know if you should sell once the price of bitcoin goes up will push you to reasoning like a trader that is just in for the short term gain of bitcoin.

no one can take out the place of getting proper foundational knowledge that will help you to remain grounded as an investor but such foundation knowledge include things like; knowing how to buy bitcoin, knowing how to secure your bitcoin, knowing the place place to secure your store your bitcoin, knowing the right bitcoin investment strategy that will work for you based on the peculiarity of your income and knowing how to stay invested for the long run while still managing other aspect of your life. once this is well figured out, you are definitely on a right track to get started in your investment journey.

 you might not know too much about the technical part of bitcoin and might not be too good at your speculation, those does not really affect your investment journey as a newbie because wether you know about them or not, it does not affect the volatility of bitcoin and so there is no way it will also affect it. it is just best to focus on things that matters to you and that will help you become a better investor, that is what will give you the best heads-up as an investor.

[Nightwatchmare]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

I will not blame you for selling your Bitcoin too early because you are responsible for your actions and you never believed that Bitcoin could one day get to six digits or you never saw Bitcoin as an asset that will keep increasing in price in the future. I am happy you have seen what Bitcoin can achieve and you have motivated yourself to invest in Bitcoin again, and I believe you will never want to sell your Bitcoin for peanuts again. Bitcoin is an asset that increases as time goes on, so waiting for Bitcoin to drop to your set price is not an investor mindset, and since you are no coiner, that mindset will only delay in accumulating Bitcoin. It is better you change your mind and start accumulating bitcoin monthly because you will wait for eternity; bitcoin will never drop to your set price, and you will eventually miss out on investing in bitcoin.

[Jostern]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

‎That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

Having a basic knowledge about Bitcoin is quite important in terms of knowing what you’re doing, most importantly having a financial plan and financial management on how to start your investment that it wouldn’t have to affect your portfolio on building your bitcoin stash, talking about timing well I must say you can actually accumulate Bitcoin at any time you’ve a discretionary income you you don’t have to wait for whatever opportunities and it’s now, sometimes we might not be able to avoid making mistakes, and you can’t makeup for the mistakes, but what you own yourself is to keep investing and accumulating your Bitcoin investment. You know they say patience is a virtue and your journey of accumulating Bitcoin, not just accumulating Bitcoin but for consistency is important and holding for a long term is also crucial. So you’re absolutely right.

[Nightwatchmare]

That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

Timing and understanding the market is mostly for traders, but for newbies whose mindset is to consistently invest in bitcoin for the long term, they have nothing to do with timing and understanding the market because it will only limit them from building up a sizeable bitcoin investment. As a newbie or no coiner, you should mostly focus on your finances and planning because after you figure out and know that you will have discretionary income to invest in bitcoin consistently, you also need to plan yourself in a way that you will build up your emergency funds and invest in bitcoin with your discretionary income in such a way you won't overdo your aggressiveness.

[Finebone]

That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, uild my knowledge slowly and stay consistent.

What you are saying now makes you look like a trader, as a newbie that just want to invest into Bitcoin, all you just need is the basic knowledge about Bitcoin and what accumulating strategy that best suit you income, by timing, planning and understanding the market as you said, it makes you looks like a trader that is thinking on how to outsmart the market which is very much unlikely, it's only traders that does those timing of a thing, all you should have to do is to buy anytime your discretionary income is available, waiting or timing the market is one shitty behavior you must avoid if you really want to be successful in accumulating a very good stash of Bitcoin.

[cxtreenal]

That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

Newbies may have the same idea about Bitcoin as you. I also realized my mistake in a very short time and started doing it for the long term. After learning about Bitcoin, I tried to learn more about it and started accumulation through discretionary income. It is true that some investors start for short term gains and they are able to realize their mistakes in a short time. Bitcoin Investing patterns are more effective for long term investments. Your discretion and slow learning attitude about Bitcoin will make you eligible for long term investments. You are still a beginner so don't rushing. You should try to focus on continuing to accumulate Bitcoin according to your financial capacity. Make Bitcoin holding from discretionary income and make yourself eligible for long term investments gradually. Create a backup fund so that you don't have to sell your holdings in case of emergency when you make multiple cycle of Bitcoin.

[BTC_pokaop]

Bitcoin price has reached an all-time high again, from this we should understand that Bitcoin price will continue to record ATH one after another in the future. So far, everyone who has invested in Bitcoin at any price is in profit. So we can say for sure that investing in Bitcoin will definitely be profitable, if you hold it for the long term. However, I want to congratulate every investor. We should never worry about the price. There are many who are waiting for Bitcoin to fall, I would say they are on the wrong track, those who do not wait for the fall and invest safely and hold for the long term are the ones who profit at the end of the day. There are many who may be greedy and plan to sell their investments after seeing the increase in Bitcoin price. I think no one should be greedy and sell Bitcoin now, if someone sells their investments out of greed, they will regret it in the future, so they should look to the future and hold.  Now we need to try to buy as many Bitcoins as possible.

[Fuso.hp]

I disagree with you with that word that you just used by an investor being busy forcing a newbie into Bitcoin investments without telling or teaching a newbie all about Bitcoin first, i want you to take back such words because no investors that will very busy forcing anyone or any newbies to embark into investments without teaching the newbie the basic knowledge that is associated when it comes to Bitcoin, and every investors knows that newbie is just like a laying a foundation of building and the process in the foundation is lay well at very start it end collapsing, which means that for every newbies that is been introduced into Bitcoin should be preparely guide and need to know how Bitcoin works even if it took such weeks in just learning all about Bitcoin, that should  be a very good start for every newbies that is up coming.

When I first invested, I did not have a good idea about Bitcoin. I tried a lot and tried to learn about different coins. Among them, I also checked and selected Bitcoin. Considering all other coins, Bitcoin seems to me to be the most reliable investment platform and now, instead of thinking about all other currencies, I always think about Bitcoin and try to invest in Bitcoin. Although I cannot easily learn about investment, if someone wants to know about investment, I will give him good advice and my advice for a new investor is that he should first know about Bitcoin and investment and then he should invest in Bitcoin.
I will tell him about this because if he invests in Bitcoin as I say and if he experiences temporary losses after investing, he can blame me, so only I can show him the way but he has to check everything and take the investment decision.

[Emylion]

Building an emergency fund before Bitcoin investment is a kind of security for you Bitcoin portfolio a d DCA jurney, because by having that emergency found, you will not have any pressure on your Bitcoin investment and that way, regardless of your overall income and cash flows you can comfortably buy and hold Bitcoin for long term.

Setting up emergency fund is supposed to be considered the right way to approach bitcoin investment, even if surely most people may not consider it necessary when getting started. But I still feel that our emergency fund need to come first before any other thing, because getting started with the hope of setting up emergency fund along the line seems very risky as we don't know when emergency issues will poop up.

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

This is the reason why newbies need to learn from the starting, a newbie is supposed to know the right step to take to avoid going with the wrong approach. because most of the newbies weren't told about  setting up emergency funds as most people are only interested in forcing newbies into bitcoin investment when they are yet to get the besic knowledge about bitcoin investment, this is the reason why I don't blame most of the newbies who have been going with the wrong approach because most of them can not be wise enough to make research to know more about how bitcoin investment works but they will be naive to accept whatever thing they're being told witout giving it a second thought.

I disagree with you with that word that you just used by an investor being busy forcing a newbie into Bitcoin investments without telling or teaching a newbie all about Bitcoin first, i want you to take back such words because no investors that will very busy forcing anyone or any newbies to embark into investments without teaching the newbie the basic knowledge that is associated when it comes to Bitcoin, and every investors knows that newbie is just like a laying a foundation of building and the process in the foundation is lay well at very start it end collapsing, which means that for every newbies that is been introduced into Bitcoin should be preparely guide and need to know how Bitcoin works even if it took such weeks in just learning all about Bitcoin, that should  be a very good start for every newbies that is up coming.

To actually plan ahead of something before going into it always yield to good results, like saving up some funds before investing on Bitcoin will save you a lot of stress and relief you of some pressure like maybe you are having a project at hand that you mind is more focused on then the idea of investing on Bitcoin comes up I think you won't have to be worried about how you cope with the project at hand and funds for the investment you can easily fall back to your savings for the Bitcoin investment while you're pushing your projects and it call plan B and it really works.

[sotelorene]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

I will not blame you for selling your Bitcoin too early because you are responsible for your actions and you never believed that Bitcoin could one day get to six digits or you never saw Bitcoin as an asset that will keep increasing in price in the future. I am happy you have seen what Bitcoin can achieve and you have motivated yourself to invest in Bitcoin again, and I believe you will never want to sell your Bitcoin for peanuts again. Bitcoin is an asset that increases as time goes on, so waiting for Bitcoin to drop to your set price is not an investor mindset, and since you are no coiner, that mindset will only delay in accumulating Bitcoin. It is better you change your mind and start accumulating bitcoin monthly because you will wait for eternity; bitcoin will never drop to your set price, and you will eventually miss out on investing in bitcoin.

I will not blame the dude too because it is possible that the dude invested what he or she can not afford to let go at that point in time or may be because of little profit. So many investor sold their Bitcoin very early because of reasons best known to them but anyone who invested what they can afford to let go is not suppose to even have the thought of selling their Bitcoin since they have other things that they can use to sustain themselves and allow there investment to grow. A no coiner should strive to have a portfolio first and then look forward on growing it because they won't regret this decision in years to come.

[Iamgoat]

[edited out]

Living in a country where live is generally tough for an average citizen, I can understand how tough it is to invest in bitcoin and crypto generally.

I doubt that it is possible to reasonably invest in crypto or shitcoins... That seems more like trading when guys get involved with shitcoins rather than investing, even if they might think that they are investing..

The standard of living has changed significantly for the average citizen making life more unaffordable and finances more difficult to keep. Being able to apportion funds into discretionary funds, emergency, family treats, vacation, buying gadgets or even spare money for miscellaneous is usually almost impossible. The best most of us can do is to sacrifice 60% to bitcoin investment (which is roughly $50) monthly, then the remaining 40% will be for upkeep for the rest of the month (which is around $30). Now imagine living with 30 dollars in a whole month for upkeep, where just buying fuel is averagely 90 cents per litres, fuel alone is more than enough to take the remaining funds for upkeep. This is when you're even earning above the minimum wage which is less than 55 dollars monthly. Now you begin to ask, how many people do really earn above the minimum wage in an unstable economic environment like this?

I will grant you that there are likely certain places where it is quite difficult to figure out ways to increase our income, since it seems likely that it is better to be able to increase income rather than decreasing expenses, since there might not be as many ways to decrease expenses if guys are already living frugally and various aspects of the cost of living continue to go up.

Surely younger people have more potential options to change careers or to shoot for various ways to get training and to potentially advance in higher paying work as the get older, but yes, sometimes folks are already at an age where it might be difficult to change their income levels based on their work, so it surely can be challenging when guys are not able to increase their income as rapidly as their income is begin debased.. and, yes, you are correct that investing ONLY comes from discretionary income, and if your discretionary income is decreasing then you might not be able to invest in bitcoin.. even though bitcoin is one of the ways that guys can be helped to get saved from the ongoing and likely continuing debasement that is going on with all fiats.. .. and surely guys who barely are able to put any money into bitcoin might not be able to directly advantage from bitcoin being available.. but only available as an investment to people with discretionary income... Any guys who are using non-discretionary income to buy bitcoin are gambling (or trading) rather than investing.

I liked it when you used the word frugally, this is exactly the way we're leaving right now especially when there's no certainty to the turn of events as much as the economic activities of the country is. I can tell you with confident that bitcoin is less volatile than the economy of my country right now and this is something others can confirm, in the context that bitcoin has more value than my currency by a hundred and thousands time and even when it goes dip, it doesn't hurt a big investor from Nigeria despite the standard of living.

On the issue of the younger younger people, including teenagers and young adults, you're spot on to mention there's still time and chances for them to fail but fail forward and for them to equally open their minds to navigate swiftly around new challenges and technological advancements like the cryptocurrency world.

This is usually the challenge most of us living developing African and Asian countries in the world are facing. It is not our fault that the economy of the country is hurting, forming among the reasons why many of us choose to diversify and invest in bitcoin which although can be volatile, but has more value than our local currencies. This is again the reason why the DCA approach is always the best advice you can preach to us, as much as yoy Want to benefit the majority of the population. DCAing is more realistic to an average person here than the lump sum investments because for many of us, we may never have the opportunity to venture into lump sum investments in our journey to grow our portfolio unless if you’re fortunate enough to be around the elites, driving the economy.

Sure, I agree with you that DCA is likely the best of choices for poor people who are with relatively low discretionary income, yet I will also proclaim that it is good for everyone to know about their three BTC accumulation methods that also include lump sum and buying on dips, and in regards, to lump sum, we can never be sure that we might sometimes get some extra cash that might not have had been expected.

If a guy is ONLY investing around $10 per week into bitcoin, and then all of a sudden he comes across an extra $500, that would be equal to about a year of his DCA amount, so surely he is going to feel that he has options when he comes across that quantity of extra money all of a sudden and he is able to invest it into bitcoin and/or perhaps the other option would be to shore up his emergency funds and/or his reserve funds.

I enjoy the singular reason which you agree with me about DCA still remaining the best of choice for the less privileged persons. My believe is, bitcoin is not a respecter of any financial class of individuals, it should be a financial platform where everyone including the poor and the rich, the abled and the disabled, the young and the old, etc. While you the poors can still invest in Lump sum, I'm more of the opinion, for many newbies and less privileged persons, they should pay more focus on the DCA while they explore the lump sum options when it avails itself.

DCA has a leverage over the lump sum because it can help the newbies and less privileged manage their risks the more as they still build their portfolio over a period of time. My advice is when your portfolio get stronger then an individual can aim for more and even begin to plan for the lump sum. This advise should work for many interested individuals from this part of the world in my own opinion. A practical example of building your patience and confidence in investing in bitcoin.

As for the $500 example, it will interest you to know that majority of the people may not invest such amount in lump sum and for those who do (maybe by investing 50%), it will make them lazy to continue with their DCA plan or strategy afterwards. If it's monthly, a lot will declde to skip the few extra months ahead banking on the lump sum investment they did to cover it up, but that will be another way of reducing their commitment to consistently run their DCA approach. Ultimately I think what we should preach more than any should be more learning and understanding, patience and confidence.

[PremiumcryptoHub]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

Your summary explains that the approach that beginners should take is to choose any season without waiting for ideal conditions, meaning you will have the opportunity to do it in detail once you start. I think others' experiences or advice should perhaps be taken from people who have prior experience that is it is past experience, in this context perhaps we can understand how reliable a person is only by looking at their past experience. Moreover why should we emphasize the importance of learning to adapt to the market in order to start investing when investing you may need to forget this when investing, as market conditions can work in your favor in all seasons.
To my knowledge the sooner we start, the faster the strategic changes will be developed, perhaps this strategic shift will help you realize that the need for emergency funds to keep investments intact is undeniable.

[Ivystar5]

The thread said Buy buy buy or sell sell sell: Did you buy when the time was right? did you grap the opportunities bitcoin offered? now we are not longer teasing, bitcoin is on the run and it's time to see the need why JayJuanGee has always advised to buy and keep buying even when you think it's not time to buy, now you're able to see the other side of bitcoin and you wouldn't want to keep getting prepared before you invest but invest while getting prepared because preparations never ends, it keeps going.

Glad I did the buy buy buy and now it's time to see the reason why I chose bitcoin.

[ejikeme24]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

[Edited out]

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

‎That is very true, I have  come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I  have made some wrong moves, but I am also  learning bit by bit. I am beginning to see the importance of  being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

Since bitcoin is for  long term holding you have no business with timing the market but to keep accumulating bitcoin continuously using the DCA method, this is what you should be doing instead of timing the market. as a newbie you're not supposed to be timing the market as this can easily make you sell your holdings for short term, because newbies may not be able to withstand the market especially during the dip. this is why is not advised for a newbie to be timing the market, even if you're to Time the Market that should be when you have reach your investment goal then you will not be afriad to take any decisions.

[Princess Leah]

The thread said Buy buy buy or sell sell sell: Did you buy when the time was right? did you grap the opportunities bitcoin offered? now we are not longer teasing, bitcoin is on the run and it's time to see the need why JayJuanGee has always advised to buy and keep buying even when you think it's not time to buy, now you're able to see the other side of bitcoin and you wouldn't want to keep getting prepared before you invest but invest while getting prepared because preparations never ends, it keeps going.

Glad I did the buy buy buy and now it's time to see the reason why I chose bitcoin.

Funny enough those who've been waiting for the right time, procrastinating or waiting for the dip would begin to rush into the market, some would even buy with funds that's not discretionary, take loans to buy or even spend all that got just to buy now that the market is pumping cause of FOMO, such situation would've been avoided if they took their time to prepare before now and did the right things so situations like this won't cause FOMO and force them to invest the wrong way.

 Buy Buy buy is not just a slogan for every true Bitcoin investor, it should be a lifestyle most especially for those who recently started. And for the procrastinator and buy dip advocates, those that want Bitcoin yo drop drastically before they find it right to invest on it, I hope they're taking note of the market, retrace their steps and join the buy buy buy movement and hodl for as long as possible.

[IceLincoln]

Of course, each of us has to go by our own circumstances and attempt to tailor our bitcoin approach to our personal situation, which even includes our sense of bitcoin as an investment compared with other places that we might put value.

I likely was fairly convinced about bitcoin from the start, at least in terms of the boundaries of my tentative plan.

When I came to bitcoin, I had already been investing in various kinds of assets for more than 20 years, so I had built up various kinds of holdings, but mostly in index funds and some aspects in property and businesses, yet at the same time, I had frequently been interested in hedging some of my prior investment to make it gold-like (a hedge against the dollar), and one of my abilities to continue to contribute to a 401k plan was drying up, so I wanted to build some investments (potentially bitcoin) to supplement my having had already built the 401k (the 401k investment did not disappear, only my ability to continue to add to it had disappeared), so I was actually thinking that a 10-20 year investment timeline, I might be able to both build my investment into something like bitcoin and to potentially have the bitcoin investment to be equal to or greater than the 401k that I had been building for somewhere close to 20 years.

So my initial plan was to just follow a 6 month budget that I had created, so I divided the 6 months into 26 parts in order to get my weekly bitcoin investment budget that I followed it for about 5 months and since my timeline was running out (around May 2014), I extended my authorization with another 6 month budget.. so then by the time November/December 2014 came, I started to conclude that maybe I had invested about 10% of my total investment portfolio into bitcoin, and I was starting to feel that I had enough..

and so then thereafter I could just invest into other things.. so the BTC price when I started was around $1,100 in late 2013, and in late 2014, the BTC price was around $380.. and so largely at that time, I started to think that I can just play it by ear with any additional investment that I might make and not to worry so much that I largely had enough bitcoin (even though my cost per BTC was around $600 at that time, so my holdings were around 40% in the negative... and I thought things would just work itself out.

Largely after that late 2014 and into a large part of 2015, the BTC price dropped from upper $300s and lower $400s into the mid-to-lower $200s and even had a couple times going into the mid-to-upper $100s.. so I continued to buy a little of bitcoin mostly in the mid $200s, but I largely had some cashflow problems at that time (with one of my businesses), so I was ONLY periodically able to accumulate bitcoin during 2015, yet even with all of that, I calculated that I had reached an overaccumulation stage because in mid to late 2015, my investment into bitcoin started to get to be around 13.5% of my overall investment portfolio, so I started to conclude that I had overaccumulated by around 3.5%, since my initial goal was to just get the bitcoin to be around 10% of my overall investment portfolio... so from my perspective, my considering myself to have had gotten into overaccumuation status gave me some additional options... in order dealing with my BTC portfolio, so i worked out some systems to sell on the way up and to buy on the way down, and developed some other strategies, whiich really did not take me out of BTC accumulation until perhaps around 2017 by the time that maybe I just went into more of a maintenance status, which means that I did not sell too much BTC on the way up in 2017, and then I bought back down in 2018 from whatever I had sold in 2017.. and in the end, I had been developing my various BTC management strategies based on my own circumstances and my perceptions of my circumstances.

I will say that I never really got out of overaccumulation status since you can see from my various charts that I had assessed my BTC holdings to be 9.5% of my total investment portfolio in late 2014, and then it was 13.5% in late 2015, and then it was 80% in late 2017, and then it was 42% in late 2018, 89% in late 2021, and 63% in mid 2022 (the last time that I updated the chart).

I largely developed strategies that involved selling only small portions of my BTC holdings on the way up.. that might go up to 10% for every doubling, but in practice I did not tend to sell that much and I tended to buy much of if back, yet my theory had been that I wanted to be prepared if the bTC price went shooting up, so that I was never selling so much that I would regret it.. so I had an underlying BTC management approach that had a built in assumption that the BTC price could go shooting up, and then I did not want to be in a position of regretting to having to have sold too much too soon.  

So largely through they years I just allowed whatever value in bitcoin to compound upon itself.. which I figure through 2015 and now, my bitcoin holdings has largely gone through 8 or 9 doublings, which adds up to around 256x appreciation, even though I have been considering counting something like $1k to $3k as my average cost per BTC.. so then it becomes easier to calculate with $1k per BTC.

Some comfort develops with being "in profits," but also potentially ongoingly studying our own circumstances in order to figure out if we might want to adjust any of the strategies that we might have... even if we might move from being in accumulation stage to maintenance stage and then to sustainable withdrawal stage.. We likely would be informed by our ongoing studying of bitcoin, in the even that we are engaged in such... and if we are invested in bitcoin, there should be motivation to stay interested in it.

Going through this I can see how and where your vast knowledge of bitcoin and financial managements stem from, you were already versed in the act of investment and you never stopped researching and improving. I mean for you to keep investing during that 2014-2015 dip at that early stage when bitcoin was yet to prove itself against all odds  means you were already rooted in bitcoin. You’ve had time and experiences to practice most of the investment strategies to gain more knowledge that most of us new birds here now are benefiting from. Thank you for always sharing your Experiences, it’s not everyone who started investing when you did that can explain most things the way you do. And I love how you’re open even when making an argument, I feel like if you were a lecturer your students will be excellent.
I get that we can’t all have same experience or knowledge as we are all different in each of our circumstances and situations but I believe by the time I must have lived through bitcoin for like 10-15 Years, I would have like 50% or maybe more of the level of knowledge and experience you embody…. Haha
I’ve come to understand that the journey of bitcoin investment is one of continuous learning, researching and improvements. On a personal level we are each responsible for how our investment turns out.