Buy Buy Buy or Sell Sell Sell?

[Tonimez]

[Edited out]

Many times folks confuse how much to invest with whether to invest, and surely many of us who have been in bitcoin for longer periods of time will error on the side of suggesting that folks should get into bitcoin... in fact anyone with a discretionary income should get into bitcoin, yet they still need to determine how much to invest into bitcoin and what frequentcy as suitable for their own circumstances.

You are very correct. So many prospective investors confuse when to invest with what to invest (How much). Some folks scare away from bitcoin investment not because they wouldn't want to be there but because they feel they don't have enough money to buy a whole bitcoin.  I met  a friend who was looking forward to invest in bitcoin but couldn't buy because he heard that bitcoin is over $110k. When I realised his draw back, I had to explain to him that he can start with any amount and only buy a fraction of the bitcoin gradually until he can possibly own one bitcoin. He rejoiced and proceeded to invest the much money he could.

Having a discretionary income just like @Jqyjuangee has pointed out is the basic first step of which anyone that earns money would possibly have either monthly, weekly or daily. This makes up your DCA practice and you can invest without minding what price is bitcoin.

Ignorance is an issue of which we should introduce bitcoin properly to any newbie so that he wouldn't see bitcoin as a get-rich-soon scheme in order to make the best outcome from bitcoin.

[Edited out]

You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and it may not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.

Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.

There are many bitcoin Traders who also see them selves and bitcoin HODLers. They usually follow the chart and wait for any slight favourable market opportunities to sell of their bitcoin. Such people don't buy always. They mostly by at dips and claim to be HODLing while also willing to sell off when they are satisfied with the profits they've made.

Again, I don't totally agree with you when you said that one doesn't need to be financially prepared to invest in bitcoin. Not being financially prepared could cause premature sales at any point in time when nature hits. "Being financially prepared" entails you've sorted your basic responsibilities and that you also have some emergency funds to backup your bitcoin stash. If you don't consider this factors you may still become a no coiner in a short time and you may even run at loss.

[Barikui1]

[Edited out]

Many times folks confuse how much to invest with whether to invest, and surely many of us who have been in bitcoin for longer periods of time will error on the side of suggesting that folks should get into bitcoin... in fact anyone with a discretionary income should get into bitcoin, yet they still need to determine how much to invest into bitcoin and what frequentcy as suitable for their own circumstances.

You are very correct. So many prospective investors confuse when to invest with what to invest (How much). Some folks scare away from bitcoin investment not because they wouldn't want to be there but because they feel they don't have enough money to buy a whole bitcoin.  I met  a friend who was looking forward to invest in bitcoin but couldn't buy because he heard that bitcoin is over $110k. When I realised his draw back, I had to explain to him that he can start with any amount and only buy a fraction of the bitcoin gradually until he can possibly own one bitcoin. He rejoiced and proceeded to invest the much money he could.

Having a discretionary income just like @Jqyjuangee has pointed out is the basic first step of which anyone that earns money would possibly have either monthly, weekly or daily. This makes up your DCA practice and you can invest without minding what price is bitcoin.

Ignorance is an issue of which we should introduce bitcoin properly to any newbie so that he wouldn't see bitcoin as a get-rich-soon scheme in order to make the best outcome from bitcoin.

[Edited out]

You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and it may not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.

Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.

There are many bitcoin Traders who also see them selves and bitcoin HODLers. They usually follow the chart and wait for any slight favourable market opportunities to sell of their bitcoin.

Anyone that buys and sells for minimal gains are not Investors, they are traders, their is no two ways about that, because any one that really want to invest in Bitcoin must be thinking long term not buying and selling for minimal gains, that what traders do not Investors.

Again, I don't totally agree with you when you said that one doesn't need to be financially prepared to invest in bitcoin.

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

[Ricardo11]

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

[arwin100]

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

Being skeptical is normal since people would provably have this feeling especially if they don't know anything about Bitcoin.

What's really wrong in that situation if they don't know anything to learn Bitcoin its because for sure they would never get some profits with it especially if remain to have skeptical attitude towards this coin.

People need to have strong guts and belief on Bitcoin since we know that many challenging things would provably happen. But if they can build have good discipline and consistent with their future accumulation there's good chance that they would succeed on their long term plans.

[Cryptohygenic]

[Edited out]

Many times folks confuse how much to invest with whether to invest, and surely many of us who have been in bitcoin for longer periods of time will error on the side of suggesting that folks should get into bitcoin... in fact anyone with a discretionary income should get into bitcoin, yet they still need to determine how much to invest into bitcoin and what frequentcy as suitable for their own circumstances.

You are very correct. So many prospective investors confuse when to invest with what to invest (How much). Some folks scare away from bitcoin investment not because they wouldn't want to be there but because they feel they don't have enough money to buy a whole bitcoin.  I met  a friend who was looking forward to invest in bitcoin but couldn't buy because he heard that bitcoin is over $110k. When I realised his draw back, I had to explain to him that he can start with any amount and only buy a fraction of the bitcoin gradually until he can possibly own one bitcoin. He rejoiced and proceeded to invest the much money he could.

Having a discretionary income just like @Jqyjuangee has pointed out is the basic first step of which anyone that earns money would possibly have either monthly, weekly or daily. This makes up your DCA practice and you can invest without minding what price is bitcoin.

Ignorance is an issue of which we should introduce bitcoin properly to any newbie so that he wouldn't see bitcoin as a get-rich-soon scheme in order to make the best outcome from bitcoin.

[Edited out]

You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and it may not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.

Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.

There are many bitcoin Traders who also see them selves and bitcoin HODLers. They usually follow the chart and wait for any slight favourable market opportunities to sell of their bitcoin.

Anyone that buys and sells for minimal gains are not Investors, they are traders, their is no two ways about that, because any one that really want to invest in Bitcoin must be thinking long term not buying and selling for minimal gains, that what traders do not Investors.

Again, I don't totally agree with you when you said that one doesn't need to be financially prepared to invest in bitcoin.

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

This bitcoin investment of a thing should not be a big thing to start with in as much we have source of income that can be discretionary.
If we hope to get lot or enough of money before we can invest, that alone will discourage us to vent into it because that feeling of investing will seem useless because we have already made a lot that best suit our bankrolls. Even as that, there is no specific amount of money that is ever enough to keep going on the long term because when there is no income of profits, that huge money in our savings would be insufficient somedays and if we don't diversify, that source generating the income might be terminated too.
So owning and hodling bitcoin even in the good or bad times gives lot of hope in the future for investors. We either don't need to startup the bitcoin investment with big portfolio but if we can be consistent with a Dcaing, we can as well own that huge portfolio in the long term.

[Mr Reporter]

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

[Hewlet]

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

your faith in bitcoin is more like the prerequisite thing that gets you started in bitcoin investment, once you have started, you should not be talking about not having too much faith in bitcoin or not, what you should be talking about is how you can effectively remain invested for the long run and set parameters in place that will help you get the best from your investment...

the future of bitcoin is independent of what you believe in and since you can't influence the price by your faith or lack of faith, why not just focus on what matters more which is to focus on building your portfolio while watching bitcoin price keep moving. if you are just talking about not having too much faith or trying to monitor bitcoin price so you become really certain that bitcoin price will certainly go up before you decides to start investing, you are going to waste the majority of your time without really achieving much.

[Gallar]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

In essence, several important things to do or fulfill before investing in Bitcoin are: Your living expenses must be met. Don't let your needs go unmet before you can invest in Bitcoin. Because, ultimately, maintaining your Bitcoin investment will be difficult, as you may have to sell your Bitcoin to meet your needs. Secondly, you must have an income, whether small or large. Having a source of income can meet our needs, and when we have unused money, or discretionary income, it can be invested in Bitcoin. So, in essence, it's that simple: the requirements for someone who wants to start investing in Bitcoin. So, you don't need to be rich or have a lot of discretionary income to start investing in Bitcoin. Investing in Bitcoin can be started with a relatively small amount (as little as $10). So, with these things in mind, investing in Bitcoin won't feel overwhelming.

[Cpt_reader]

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

[Jostern]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

In essence, several important things to do or fulfill before investing in Bitcoin are: Your living expenses must be met. Don't let your needs go unmet before you can invest in Bitcoin. Because, ultimately, maintaining your Bitcoin investment will be difficult, as you may have to sell your Bitcoin to meet your needs. Secondly, you must have an income, whether small or large. Having a source of income can meet our needs, and when we have unused money, or discretionary income, it can be invested in Bitcoin. So, in essence, it's that simple: the requirements for someone who wants to start investing in Bitcoin. So, you don't need to be rich or have a lot of discretionary income to start investing in Bitcoin. Investing in Bitcoin can be started with a relatively small amount (as little as $10). So, with these things in mind, investing in Bitcoin won't feel overwhelming.

You don’t need financial preparation to invest in bitcoins, all what is required of you to start investing in bitcoin assets is discretionary funds, after paying for your expenses, then you can now consider investing in bitcoin holdings, I hear guys who are saying you need to be financially stable to start investing in bitcoin, then I have to ask them what if you’re never financially stable does it mean you would never invest in bitcoin? Because not everyone who are going to be wealthy and rich or being financially stable, the moment you keep procrastinating that is when the problem comes because you will keep loosing opportunities of buying and accumulating bitcoin,

There are guys who have been investing in bitcoin in a long term now and have never been financially stable all what they have been investing with is just a discretionary income as little as it is they have been accumulating bitcoin, which have been a very good way of investing in bitcoin.

[Promocodeudo]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

[sotelorene]

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

Trading has helped some people and it has also deceived and has also render some people useless that is to say that some people has lost all they had because of trading. The more you think you are smart and you can  maneuver the market the more the market will keep playing with you and showing you that, you don't know anything. And even after all these some people are still blind with the ignorant (Greed) to make profit overnight.

I don't understand what you mean by buying according to our wishes, in Bitcoin investment we don't buy according to our wishes rather we buy according to what is in our discretionary. I can wish to buy as many Bitcoin today when my discretionary is not enough in that case I will have to go borrow to invest which is very wrong invest within your reach and don't overstretch before you break out.

[Bluedrem]

You don’t need financial preparation to invest in bitcoins, all what is required of you to start investing in bitcoin assets is discretionary funds, after paying for your expenses, then you can now consider investing in bitcoin holdings, I hear guys who are saying you need to be financially stable to start investing in bitcoin, then I have to ask them what if you’re never financially stable does it mean you would never invest in bitcoin? Because not everyone who are going to be wealthy and rich or being financially stable, the moment you keep procrastinating that is when the problem comes because you will keep loosing opportunities of buying and accumulating bitcoin,
There are guys who have been investing in bitcoin in a long term now and have never been financially stable all what they have been investing with is just a discretionary income as little as it is they have been accumulating bitcoin, which have been a very good way of investing in bitcoin.

Those who actually say these
I don't know what they actually mean by stable income.
Do they actually know what discretionary income is?
Just because someone has a stable income doesn't mean they can invest in Bitcoin.
Because stable income is an income that a person earns the same amount every month.
A person's stable income is such that the amount of money he is earning is being spent on meeting his basic needs, so how will that person invest in Bitcoin?
In Bitcoin investment, it is necessary to have discretionary income. Discretionary income is the income that is left after meeting basic needs and this remaining amount of money can be used by a person in any way. Which helps a person to buy Bitcoin aggressively.
A person may or may not have discretionary income every month. That is why investors are advised to invest in Bitcoin using the DCA method.

[iamsange]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

[Merit.s]

It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

You don't buy bitcoin as you wish to buy but you're to buy bitcoin within your own discretionary income so that you don't buy bitcoin with money that is not your discretionary income and end up selling when you need arises. It means that you are no longer investing but gambling. If you want to buy bitcoin make a proper calculation on how much of your discretionary income that you can use to buy bitcoin and have a bitcoin target as you goal to accumulate overtime. We all wish to have 50btc but is it possible. No because we are plebs.

You don't just buy bitcoin and go to sleep but you need keep your bitcoin accumulation ongoing, consistently and persistently with your regular weekly DCA for 4-10 years and above. This will enable grow your bitcoin portfolio to a good size in future and if possible reach your bitcoin target. Bitcoin is getting more expensive as time passes on, this is why you need to accumulate as many bitcoin as possible for your future so that you wouldn't regret in future when you have very little bitcoin because you were waiting and sleeping instead of increasing the size of your portfolio.

Don't forget that it's the size of your portfolio that will determine your profits in future and the measure that you give is what you will receive.

[cxtreenal]

I keep saying that Bitcoin has nothing more to prove at this stage that it's a store of value and that is why people, institutions and governments that were spelling doom for it are now getting in. Any individuals and entities that doesn't know by now that Bitcoin is one the best  profitable asset to hold will be among those that will say "had I known" in the next 4 to 10 years. It is anybody's best interest to hold Bitcoin for the long term, despite dip and bear seasons it has proven that it can always rally and hit new ATH.

Those who understand that Bitcoin is a very valuable asset can invest very quickly and increase their portfolio a lot and become a successful investor in the future. Those who are still doubting investing in Bitcoin may never be able to invest. Because they still do not understand what Bitcoin is. I think the best part of Bitcoin is that Bitcoin is unstable. As you can see, a few days ago, the price of Bitcoin fell to around $85,000, but today, the price of Bitcoin is $119,000. Those who did not buy Bitcoin out of fear then are now regretting it. So, without thinking about anything, start investing first and hold your holdings for the long term.

Those who are skeptical about Bitcoin now will never be successful in investing in Bitcoin, because they are still unable to realize the true potential of Bitcoin. But the reality is that Bitcoin is currently only moving forward, Bitcoin adoption is constantly increasing, and those who understand this true potential of Bitcoin are the ones who are successful in holding Bitcoin. So to be able to hold Bitcoin, you first need to understand Bitcoin in its true meaning, and you need to have faith in Bitcoin, continuity of investment and strong faith are the most important things, due to which you can keep the mindset of keeping your Bitcoin for the long term and stay away from panicking during times of fluctuation.

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

The thinking of beginners is like a thin paper, they consider investment as a short term profitable thing. They do not want to take those moments of Bitcoin investment as special and start calculating like a series of calculations. They will start to purify themselves from their mistakes and the following months when they miss some events in a row or continue to accumulate regularly instead of being irregular in their continuous Bitcoin. But it should be seen positively that they are doing Bitcoin and they are giving importance to accumulation valuable assets. After some time, they will understand the importance of Bitcoin with their mental capacity and Insight view. You do not need to be very experienced to know about the basic properties of Bitcoin. Keep emergency floating cash to continue discretionary Income, continuous accumulation and long-term investments (for urgent needs).

[Futurexxx]

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

One thing I find really exciting about Bitcoin is that, right now it looks like it's too expensive at $123k, but in few years later, this $123k will looks like it's too cheap. Buying Bitcoin is never a problem to most people, where the major problem is, is holding for a long duration of time, that's why measures like emergency  and reserve funds were to be put in place, so that you wouldn't fall back to your investment when in serious financial needs or an emergency situation.
Then where you said we should buy according to how we wish, I don't think that's ideal because we all wish to buy more Bitcoin, but we are forced to act according to our financial capabilities, anything more than that might put us into a difficult financial state where might compel us to temper with our holdings, so it is best to buy and accumulate Bitcoin base on your level or what you can afford, not according to what we wish.

[Muba20]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

If someone wants to buy Bitcoin with their saved money and keep it for 4-10 years by using a secure wallet and go to sleep, I will support it. due to which he will not be influenced by greed or any other rumors. Though there is no guarantee of profit in investing in Bitcoin. But Bitcoin's past behavior and future prospects provide reason for optimism. If someone use DCA strategy in buying Bitcoin by his discretionary income, it is easy for them to hold it for the long term and grow their portfolio. By applying this method, the holder can increase his holding without any risk. Regardless, there is certainly no better strategy than DCA in terms of holding Bitcoin.

[IceLincoln]

Hello lceLincoin Sorry for not understanding what I said here.
I said - if you deposit Bitcoin for the purpose of building a house, then it will not be possible to achieve the desired goal that you hope to achieve with Bitcoin.
Because currently you do not have a house.
The need for housing will force you to sell your deposited Bitcoin.

For example, suppose you have some money which was enough to build a house. Or you are planning that you need a house next year, so you start depositing money in Bitcoin from now. You may not get the desired profit from Bitcoin in this one year, the price of Bitcoin may also decrease in this one year.
That is why people talk about long-term investment in Bitcoin. As our JJG sir has been saying all the time.

Okay, thank you for Clarifying. This is better.


So I came across this picture, definitely it’s not just a house but an estate they’re talking about here, lol.
Going by the data trend in the picture, you can see how bitcoin has outperformed real estate by a mile indicated by the decrease in the amount of BTC required to purchase an estate. Judging by the trend in 2030 it’ll be less maybe 0.1-0.5 BTC, considering Bitcoin  is speculated to be $1mil and above. 
Anyone trying to invest in bitcoin to build a house should first aim to own a reasonable amount of BTC atleast 1Btc and above.

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

I get that you’re trying to encourage buying and holding for a long term but you can’t say buy as you wish. I wish to buy or hold atleast 1Btc but I can’t do that because my financial strength wouldn’t carry it, for me to buy as I wish I would need to maybe sell some family properties and some loans to achieve that and that might put me in a financial crises cos you can’t enter an investment that’ll leave you wrecked even if it’s bitcoin. You can encourage buying regularly, consistently and aggressively as much as possible with your discretionary money.

[Derekfunds]

,,---,,

I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits. Therefore, we should buy Bitcoin with the mindset of holding for a long time. It is better to adopt the DCA method. It is better to adopt the method that is best for us. It is better to buy according to our own wishes, buy when we want, but we have to stay on buying. Bitcoin has already reached an all-time high. We hope that something good will happen very soon. If we buy Bitcoin, it will not lose, we just have to wait for time. I think we can buy Bitcoin and sleep peacefully, and after two, four or ten years we will see that we will get a lot of profit.

It's not necessary to sleep soundly after buying Bitcoin for the long term, even if we store it in a safe place, especially if we buy a small amount. But for those who can afford to buy a large amount at once, perhaps they can take a nap to rest their minds, because the next day they'll have to think again about buying Bitcoin and storing it in their personal wallet. The more frequently and consistently we buy Bitcoin, the better it will be for us, as a larger holding of Bitcoin clearly has the potential to yield more tangible benefits. So, let's keep working on the path we've been on so we can more regularly set aside money to buy Bitcoin, regardless of the price. Our goal is long-term, so we don't need to focus so much on the price, even though Bitcoin has hit new highs several times this month.

If someone wants to buy Bitcoin with their saved money and keep it for 4-10 years by using a secure wallet and go to sleep, I will support it. due to which he will not be influenced by greed or any other rumors. Though there is no guarantee of profit in investing in Bitcoin. But Bitcoin's past behavior and future prospects provide reason for optimism. If someone use DCA strategy in buying Bitcoin by his discretionary income, it is easy for them to hold it for the long term and grow their portfolio. By applying this method, the holder can increase his holding without any risk. Regardless, there is certainly no better strategy than DCA in terms of holding Bitcoin.

I totally agree with you, no strategy is better or can be compared with the DCA method because it allows different individual whether poor or rich to invest despite the price at any given point in time. Without this DCA method some people which their income is not big would not have been able to invest and off cause if the DCA method or strategy is been carry out properly, our portfolio will be so interesting.  There is not guarantee of profit if we invest for short term but there is a high possibility of making profit if we hold for long term.