Buy Buy Buy or Sell Sell Sell?

[Mame89]

That's right, for those who want to buy BTC, of course, now is a good opportunity and chance because coincidentally the price of BTC is undergoing a correction, which was originally more than $120k but is now only at $114k, so of course this is a discounted BTC price and of course if you buy now, of course there will be potential for profit in the future as long as you keep the BTC for a long time.

But if we plan to sell BTC, of course, it is possible as long as we make a profit, don't sell our BTC at a loss because the goal of investing is to make a profit. However, personally, I don't think I will sell BTC at the current price because I'm afraid that if I sell my BTC, the price will actually rise. However, everyone has different techniques. However, it seems that if you want to sell BTC and buy it back at a lower price, that's certainly a good idea because buying BTC at a lower price will certainly increase the amount of BTC you buy. So, as I said, of course, we are free to do whatever we want as long as we continue to make a profit. but certainly all techniques also have their advantages and disadvantages because of course sometimes many people feel lucky with their investment in btc and sell it at the highest price, but the disadvantage of this technique is that when we have finished selling btc, there may be regret because after we have finished selling btc, btc actually rises and we can't buy it at a low price again which ultimately makes us regret having rushed to sell btc.

It's better to take advantage of the opportunities the market offers us. If it's opportune to buy or try to buy, do it Selling is each person's personal decision because it's their own money, and that's respected, but it's not advisable to do so at this time.

Investors who plan to sell should think twice It's good to sell to buy back , but not because they have a prior analysis to take the risk or because there's an emergency.

We should try to have a little more financial discipline and buy when it's necessary to buy, for example, during these times when there are market corrections, it's advisable to buy.

Ideally, we should have this mindset. Don't delay buying Bitcoin. Even better, we should take advantage of market opportunities whenever possible. If the market is experiencing a correction, take the opportunity to buy.

Selling is a personal decision, but this is where we must get used to building assets for the long term. Train ourselves to control ourselves when prices rise so we don't sell before our major goals are achieved. And this must also be accompanied by financial discipline, as you suggested.

But the market certainly won't wait for you, so take advantage of the opportunity while it's there and learn from the mistakes of those who delayed buying Bitcoin and now regret it. Learn from the mistakes of those in the past who didn't dare to make the decision to invest in Bitcoin.

[Finebone]

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

It's unwise doubting your capabilities buddy, you can hold and accumulate a very huge chunk of Bitcoin if you have the will to do so, nothing is impossible regardless of how small your discretionary income is.

As for the aspect of selling because your emergency funds can't handle the emergency situation, that shows that you aren't planning your Bitcoin investment properly, because if you are planning properly, your emergency funds should be big enough to withstand any emergency situation thrown your way, so try to build a big emergency fund that carry your Bitcoin investment to any period of time you plan on your investment to last, stop thinking short term, because long term is the proper way to make a fortune from your bitcoin investment.

[Obulis]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

Absolutely, Bitcoin trading is really not a good idea is a can of hole where one can easily fall in, i think i see it as killing your mindset, trading Bitcoin on the short period is very very unusual because it's volatile therefore  very risky. There are experts traders that are making a good  profit on the short term run, trading is a mere things that requires learning, acquiring skills to be profited and maxima lost. It is regarded that if you do not  learn the good skill of trading before embarking on it you are just playing over your funds. investing on Bitcoin for the long run it is very potentials to always stack to long term run the capital is safer...

Bitcoin trading can be highly volatile carrying a reasonable amount of risk. Mostly short term trading. As many expert traders makes profits, generally success in trading requires getting specific skills and knowhow. proper education is needed without it, it may mean exposing funds to probable losses. Long-term investment in Bitcoin is often viewed as potentially more stable, with capital considered safer over time. No matter the approach, understanding market risk management and market dynamics is essential before engaging in any form of Bitcoin trading or investment.

[Muba20]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

There were many people in history who knew about Bitcoin but did not invest in Bitcoin because they could not imagine that the price of Bitcoin would increase so much at the present time, and those who invested with confidence in Bitcoin have been able to make high profits at present, and those who did not invest are regretting it at present. However, the price of Bitcoin, which may increase further in the future, may decrease again, but if you can take risks with confidence in Bitcoin now, then you can move forward in the future, but your risk may be difficult to overcome, but if you can overcome the risk and complete Bitcoin in the long term, then you will also be able to laugh in the future, in that case, if you do not want to miss the opportunity to increase your wealth and do not regret it in the future, you should be aware now.

Everyone should learn from their mistakes. For those who missed that opportunity after learning about Bitcoin in the early stage, the present time is still suitable for investment. Maybe many did not gain proper knowledge about Bitcoin at that time. Bitcoin was not planned to be a reserve currency at that time. Bitcoin was not universally accepted, which is why many may have held back from investing at that time due to lack of trust, which I think is logical for some. But even at present, if investors accept that opportunity, they can also be successful after a long time. If you start investing considering your financial situation now, then it is still possible to create a good portfolio of investors in the long run. Many people could not hold to Bitcoin due to ignorance even after hearing about it in the past, which is why there is no situation to regret, but for those who do not hold it even after knowing it at the present time, it may be a reason for regret in the future.

[Ryu_Ar1]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

Regardless of whether it is misleading or not in fact when we have confidence in investments then I think why trade because it becomes a situation that is not worth it to do.

Indeed, this may be a consideration and choice for some people but by looking at the conditions where many people are ruined because of trading then why do something that leads to a much greater risk when there is a better option which is long-term investment.

The mindset to get profits in a short time and make us rich instantly has always been a difficult thing to avoid but we must realize that to achieve a goal there is certainly a process that we must go through and I think if it is inadequate and only focuses on fomo and is more concerned with instant profits without thinking about the risks (losses) that are likely to occur due to trading then it is clearly not worth it to do.

[Regardme]

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

It's unwise doubting your capabilities buddy, you can hold and accumulate a very huge chunk of Bitcoin if you have the will to do so, nothing is impossible regardless of how small your discretionary income is.

As for the aspect of selling because your emergency funds can't handle the emergency situation, that shows that you aren't planning your Bitcoin investment properly, because if you are planning properly, your emergency funds should be big enough to withstand any emergency situation thrown your way, so try to build a big emergency fund that carry your Bitcoin investment to any period of time you plan on your investment to last, stop thinking short term, because long term is the proper way to make a fortune from your bitcoin investment.

i disagree with you on the statement that you made that if emergency funds can’t handle situations, that shows he isn’t planning his Bitcoin investment properly. Let’s be realistic, hope you know that there are some unforeseen circumstances that might hit someone, even your emergency funds might not be able to handle it. Most times we may have some financial challenges with our portfolio, but that doesn’t mean a person wasn’t planning his bitcoin investment properly. However, short term selling isn’t the best practice, because of volatility which might cause one sell at a loss, especially during market dip.

[Sonia_123]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

There were many people in history who knew about Bitcoin but did not invest in Bitcoin because they could not imagine that the price of Bitcoin would increase so much at the present time, and those who invested with confidence in Bitcoin have been able to make high profits at present, and those who did not invest are regretting it at present. However, the price of Bitcoin, which may increase further in the future, may decrease again, but if you can take risks with confidence in Bitcoin now, then you can move forward in the future, but your risk may be difficult to overcome, but if you can overcome the risk and complete Bitcoin in the long term, then you will also be able to laugh in the future, in that case, if you do not want to miss the opportunity to increase your wealth and do not regret it in the future, you should be aware now.

As a bitcoin investor all one has to be doing now is to keep on accumulating and holding for as long as you want until you reach your overaccumulation stage, irrespective of the price because the price of bitcoin will keep on rising for as long as it exist.

This is not the wright time to sell your  coins, no matter how profitable it can be now, because the future is more brighter than now, it is only those persons that are not able to see what the future holds for bitcoin that are horribly selling off their bitcoin because of the fear that the price of bitcoin will drop, but the wise keep accumulating and HODLing until the end of bitcoin.

[yixichloro2xx]

The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.

But if we plan to sell BTC, of course, it is possible as long as we make a profit, don't sell our BTC at a loss because the goal of investing is to make a profit. However, personally, I don't think I will sell BTC at the current price because I'm afraid that if I sell my BTC, the price will actually rise. However, everyone has different techniques. However, it seems that if you want to sell BTC and buy it back at a lower price, that's certainly a good idea because buying BTC at a lower price will certainly increase the amount of BTC you buy. So, as I said, of course, we are free to do whatever we want as long as we continue to make a profit. but certainly all techniques also have their advantages and disadvantages because of course sometimes many people feel lucky with their investment in btc and sell it at the highest price, but the disadvantage of this technique is that when we have finished selling btc, there may be regret because after we have finished selling btc, btc actually rises and we can't buy it at a low price again which ultimately makes us regret having rushed to sell btc.

I believe many of us can relate to that dilemma,  the fear of selling only to watch Bitcoin continue climbing. It is  one of the emotional challenges that come with this space....But this is exactly why many long term holders choose to stick to their original plan and avoid the temptation to outsmart the market. Trying to sell high and buy back lower might sound ideal, but in reality, it often leads to missed opportunities or regret,  especially if the price doesn’t dip the way we hoped.

For those of us who believe in bitcoin long term value, the simple approach of accumulating gradually and holding strong tends to be more effective and less emotionally taxing. At the end of the day, what matters most is having a strategy that fits your goals and allows you to stay consistent and without losing sleep over short term price movements...

If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

Bitcoin is enough for every person if the earning capacity is good, because at present the government of every country has considered this Bitcoin as a strategic reserve for its country to be economically successful. As time goes by, the importance of Bitcoin is increasing because big holders are thinking of holding only Bitcoin either by following the DCA method or by buying deep. So the more you delay, the more it is getting late for the holders, so connect yourself with Bitcoin investment.
If you have an amount of $ 30 to $ 40 per week, you should keep it under Bitcoin investment every week. It is certainly possible to bring about change if a person wants, so to be sure in the future and to eliminate financial sorrow, you should think of buying Bitcoin only at the present time according to the DCA method.

Fair enough, I agree to the fact that bitcoin investment is open to everyone who is desirous to venture into it provided he or she have the discretionary income to be able to accumulate or invest with. But I wouldn’t agree to the idea of saying if someone have $30 to $40 per week that the person should invest it in bitcoin. Come on dude that is not a right investment guidance as it seems misleading especially to the newbies because by earning $30 or $40 as weekly or monthly salary, you definitely will have other financial obligations to sort out which includes payments of your utility bills, you’ll also have to feed from it, and also get some clothings and other expenses will be covered from the said $30 or $40 salary. In this case, it is only advisable if an individual earn such amount of income weekly, the individual should be able to sort out his other financial obligations first and after sorting out those bills, the amount left which is the discretionary income is what should be used to invest in bitcoin. Mind you, inside that your discretionary income you may also have to be able to sort out your emergency funds from it just along side your accumulation of bitcoin. This is done so as you wouldn’t tend to your bitcoin holdings for emergency situations or to pay your bills thereby leading to a total messy situation or jeopardizing with your investment.

Telling someone earning $30 to $40 a week to dive into Bitcoin without first sorting out his or her  life basics is like telling someone to buy a treadmill when they don’t even have food in the fridge. It is  not just unrealistic, it is poor advice for someone just trying to stay afloat.

Bitcoin investing should come after essential expenses are covered, and only from true discretionary income that is, money you won’t miss if life throws you a curveball. And like you rightly said, that leftover cash should also consider building an emergency fund. Because selling your sats in panic during a tough time is not a plan  it is  a setback.....So yes,what I can say is a person should stack smart, not just fast. It is not about how much you stack  it is  about sustainability also keeping your emotions in check, focus on your plan, and let time do the heavy lifting.

[Derekfunds]

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

It's unwise doubting your capabilities buddy, you can hold and accumulate a very huge chunk of Bitcoin if you have the will to do so, nothing is impossible regardless of how small your discretionary income is.

As for the aspect of selling because your emergency funds can't handle the emergency situation, that shows that you aren't planning your Bitcoin investment properly, because if you are planning properly, your emergency funds should be big enough to withstand any emergency situation thrown your way, so try to build a big emergency fund that carry your Bitcoin investment to any period of time you plan on your investment to last, stop thinking short term, because long term is the proper way to make a fortune from your bitcoin investment.

i disagree with you on the statement that you made that if emergency funds can’t handle situations, that shows he isn’t planning his Bitcoin investment properly. Let’s be realistic, hope you know that there are some unforeseen circumstances that might hit someone, even your emergency funds might not be able to handle it. Most times we may have some financial challenges with our portfolio, but that doesn’t mean a person wasn’t planning his bitcoin investment properly. However, short term selling isn’t the best practice, because of volatility which might cause one sell at a loss, especially during market dip.

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind  of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

[Miramax12]

That's right, for those who want to buy BTC, of course, now is a good opportunity and chance because coincidentally the price of BTC is undergoing a correction, which was originally more than $120k but is now only at $114k, so of course this is a discounted BTC price and of course if you buy now, of course there will be potential for profit in the future as long as you keep the BTC for a long time.

But if we plan to sell BTC, of course, it is possible as long as we make a profit, don't sell our BTC at a loss because the goal of investing is to make a profit. However, personally, I don't think I will sell BTC at the current price because I'm afraid that if I sell my BTC, the price will actually rise. However, everyone has different techniques. However, it seems that if you want to sell BTC and buy it back at a lower price, that's certainly a good idea because buying BTC at a lower price will certainly increase the amount of BTC you buy. So, as I said, of course, we are free to do whatever we want as long as we continue to make a profit. but certainly all techniques also have their advantages and disadvantages because of course sometimes many people feel lucky with their investment in btc and sell it at the highest price, but the disadvantage of this technique is that when we have finished selling btc, there may be regret because after we have finished selling btc, btc actually rises and we can't buy it at a low price again which ultimately makes us regret having rushed to sell btc.

It's better to take advantage of the opportunities the market offers us. If it's opportune to buy or try to buy, do it Selling is each person's personal decision because it's their own money, and that's respected, but it's not advisable to do so at this time.

Investors who plan to sell should think twice It's good to sell to buy back , but not because they have a prior analysis to take the risk or because there's an emergency.

We should try to have a little more financial discipline and buy when it's necessary to buy, for example, during these times when there are market corrections, it's advisable to buy.

Ideally, we should have this mindset. Don't delay buying Bitcoin. Even better, we should take advantage of market opportunities whenever possible. If the market is experiencing a correction, take the opportunity to buy.

Selling is a personal decision, but this is where we must get used to building assets for the long term. Train ourselves to control ourselves when prices rise so we don't sell before our major goals are achieved. And this must also be accompanied by financial discipline, as you suggested.

But the market certainly won't wait for you, so take advantage of the opportunity while it's there and learn from the mistakes of those who delayed buying Bitcoin and now regret it. Learn from the mistakes of those in the past who didn't dare to make the decision to invest in Bitcoin.

I think you are actually making sense here ,That's a good ideal right now BTC is on rampage for those who want to buy , of course yes it is, the right opportunity and  the chance because the price of BTC is undergoing a  good hedge amount of correction, which was generally more than $120k  just like you said but is now only at $114k,  if you purchase the BTC now of course this is a discounted BTC, potentially buy Bitcoin today have  a profit tomorrow as long as you keep it on the long run. The i deal of buying BTC at lower rate will certainly rise the amount of Bitcoin as long as we can do what ever that pleases us, sometime some people have luck with their investor and they sold BTC at highest level,

[Cipherpz]

However, it seems that if you want to sell BTC and buy it back at a lower price, that's certainly a good idea because buying BTC at a lower price will certainly increase the amount of BTC you buy. So, as I said, of course, we are free to do whatever we want as long as we continue to make a profit

Selling the little bitcoin that you have accumulated because of profits is a wrong bitcoin investment practice because you will leave the zone of a low coiner and go back to a no coiner which shows that you are moving backward in the bitcoin game. What if you sell to buy back at a cheaper price and the price of bitcoin didn't dip but keep on pumping, you will keep on waiting in a confused state.

It's bad to think of profits first in the beginning of your bitcoin accumulation because that can make you deviate from being a long term investor to a trader. Selling to back back is a trader practice and that has led a lot of them into big losses and regrets because you cannot predict the price movement of bitcoin.

It's better for a new investor to only focus on buying and keep his bitcoin accumulation ongoing for 4-10 years and above and only think of selling when he has reached an over accumulation stage because bitcoin is a precious asset and keep on growing in value overtime.

Most successful people in Bitcoin are holders—they don't trade constantly. In the case of Bitcoin, time is the real profit tool. Long-term investors follow their goals without worrying about small price fluctuations in the market. When you maintain long-term savings with time and patience. Its acceptance, value, and impact increase over time. If you get out of a position in the heat of short-term profit, especially in the case of a long-term asset, it can damage your future financial prospects.

[JayJuanGee]

I agree with all of this, while at the same time, seats will come available as the price goes up, but yeah at the same time, if the price did not go up enough, then some of those seats will still not come available and people surely can choose whether or not to give up some seats, even if they know that they are limited.. and yeah, if they are holding 100 chairs but they only need 1 or 2 or 10, they may well be willing to give up 5 of their chairs at $115k, and then perhaps another 3 chairs at $173k and another chair or two at $276k.. .. so they might not even realized that they were holding so many chairs until at some later point down the road.. and surely there are some guys with 1,000s of chairs...

Dear JJG, as you said, after an investor reaches his investment limit, he can sell some parts of the chair at different prices. For example, you said to give up some at $115,000 and then give up some when it goes above $170,000.
Now my point is, if they don't need the money at that moment, why would they break the chair's foundation?
If he breaks it without need, he might invest that money in some other sector or he might use the money unnecessarily [which only makes his strong base unstable]. Now, let's say he breaks his Bitcoin stock and converts it into leaves (which can turn into ashes) or invests it in some other sector, will it be more profitable than Bitcoin? Can it protect a person's money from inflation better than Bitcoin?

It seems that I was attempting to largely extend our discussion of a chair analogy in order to suggest that guys who came earlier may have a lot of options and they may be holding a lot of chairs, so unless they sell all of their bitcoin, they may never end up in a position without enough chairs.

I am not necessarily presuming that a guy ends up using any of his sold bitcoin in any kind of meaningful way, maybe he consumes withe the bitcoin that he spends or he throws it away.  Sure at some point a guy might end up diversifying out of bitcoin, since he might start out with just investing into bitcoin and balancing his bitcoin investment with cash, so then at some point he might have 6 months of his expenses in cash or some cash equivalents, and then he might have 1, 2, 3 or even more years of his expenses in bitcoin, and even a guy who invested a couple of years of his expenses into bitcoin over 2-3 cycles, he still might end up with 15 to 20 years or more of his expenses in bitcoin, and personally, I believe that if he is measuring the value of his bitcoin from the 200-WMA, then he may well start to live off of his bitcoin once he has 10 years or more of his expenses in bitcoin, and sure the more cushion (extra) that he has, then the more he does not have to worry if from time to time, he might spend beyond his regular budget since in those kinds of scenarios, he would have extra bitcoin.

I frequently use the example of a guy who might have had started out with an income of $30k or even $50k, and maybe if he had been accumulating bitcoin for a couple of cycles at 15% to 25% of his income, he may well might have had gotten to a place in which his bitcoin would be able to support his total income and even a higher percentage of income, so then such a guy has a lot of options.

Let's say that we have a guy with a $40k income, and he had been investing 20% of his income into bitcoin for a bit longer than the past 2 cycles, so he started investing into bitcoin in June 2016, and he was investing $155 per week (which is $8k per year).  So over the past 9-ish years, he would have had invested right around $74k,  yet he would have had accumulated 15.6 BTC.  So he would have enough bitcoin to support himself at about a $79k per year income, which surely is nearly double his current income, so largely he would be set for life, especially if he was withdrawing less than $79k per year.. sSo largely the guy has to figure out an amount of withdrawal that is comfortable up to $79k per year..

And he does not necessarily need to invest into any thing else with any of his withdrawals.

No matter what people say, I still consider Bitcoin to be the safest asset. Because I know its specific amount [if there are only 100 apples in the world and someone or some group keeps two, three or five apples for themselves, it must be valuable] then why should I sell my apples and go buy oranges whose amount in the world no one knows.

If you are withdrawing sustainably from your bitcoin, then you don't need other assets, yet some people will still choose to have some other assets.

Yes, a person can sell his Bitcoin after having saved enough when he needs a house or a new car for urgent transportation.

If he figures out sustainable withdrawal then he is not depleting his BTC.  He always has enough and he never would withdraw to take himself out of overaccumualtion status... so if the guy decides that he could withdraw $79k per year, but he decides to live off of $50k per year, then the portion that he does not withdraw keeps rolling over, building up and/or compounding upon itself so later down the road (maybe a year or two later), he may well begin to be able to withdraw more than $100k per year without knocking himself out of overaccumulation status.  

Again, if he retires and later there is no profit from all the sectors he invested in other than Bitcoin and the emergency fund runs out, then he can sell some of his previously created Bitcoin collection to survive.

From my perspective, a guy might choose to start to live off his BTC, so he is selling every month or every quarter or twice a year, or maybe he is timing his sales a couple of times every cycle, so he sells for a whole cycle at a time.. but he should not be knocking himself out of overaccumualtion status.. so he only starts to sell when he has  more than enough bitcoin.

But without the need for money, I will never encourage a person to sell Bitcoin even if he has achieved his target amount of Bitcoin and there is a sufficient amount of profit.

You seem to not understand what getting to overaccumulation status means.

Of course, if you don't know how much you need, then you might never be able to reach overaccumulation status.

Also, if you don't know how to calculate from the 200-WMA, then you might also not know how much you need.

He/She should be careful with Bitcoin because Bitcoin is still protecting his assets from inflation in these unstable times in the world.

That is why bitcoin is the best place to keep value, yet overaccumulation status is still attainable.. especially the earlier you start to accumulate, and yeah, if you don't have any discretionary income or hardly any discretionary income, then it is going to be much more difficult to reach overaccumulation status.

I do recognize and understand that there are a decently large number of folks in the world who either have little to no discretionary income and/or they are not able to invest for the long term because they have inabilities to put away discretionary income. I am not going to claim that bitcoin directly ca solve their problems, even though they still may well benefit indirectly from bitcoin as a system that puts our whole money system in a more fair place.  Surely many of us who are participating in various bitcoin threads on this forum are considering that we are in bitcoin in order to attempt to directly benefit from bitcoin, and if we are able to stock away bitcoin regularly from our discretionary income, then it is still possible that we are going to be able to directly benefit from bitcoin and to make it to overaccumulation status... some folks might take longer than others to reach overaccumulation status.

My message to people would be-
Spend only what you need, not more.
You go to your destination quickly but don't have an accident.
You should go down if necessary, but not in a rush, as this may require an MRI.
Be cheerful, not over crazy.

This all makes sense in regards to each of us going at our own pace and not over doing it... and so each of us has to figure what that will be... and I frequently suggest that guys invest into bitcoin as much as we are able to invest on a persistent, consistent, regular and ongoing basis without over doing it... so that means aggressive but without over doing it and that means trying to reach overaccumulation status if you can.  If you cannot reach overaccumulation status then you do the best that you can.

[Gallar]

The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

If you have invested in bitcoin for more than 2 cycles and you have reached your bitcoin accumulation target, it is possible to sell some of your bitcoin to enjoy the benefits of your bitcoin investment. But if you are still in the accumulation stage and you are still new to investing in bitcoin (1 or 2 years) I think it is better for us to continue to do Hodl and continue to do DCA. Because in my opinion bitcoin investors who have not reached the accumulation target, it is better not to think about selling their bitcoin first. Because basically it is not ideal to do. Besides that, how do you know a few weeks from now the price of bitcoin will go down? I don't think you need to say that, because the price of bitcoin is very difficult to guess. So your prediction that says the price of bitcoin will drop in a few weeks, I think it is speculation that cannot be trusted. In addition, if you are too hopeful to buy bitcoin when the price drops, I think you need to rethink that. Because it could be that you lose a lot of momentum in order to wait for the price of bitcoin to drop to buy it. So it's better to just do DCA instead of waiting too much.

Do you now conclude that a person who has accumulated bitcoin through two cycles of bitcoin have reached his accumulation target? That very deceitful and untrue. Someone who has accumulated through 2 bitcoin cycles have probably gone through 8 years of continuous investing probably by DCA which does not guarantee achieving an accumulation target because; the amount invested by DCA might be too small because of his responsibilities or his accumulation is far stretched to be achieved just within 8 to 10 years. As someone who's still active in service and who have been in bitcoin investment for 8 to 10 years, do you now have a mandate to sell? Holding continues in which ever instance because bitcoin still has more in store to offer.

Selling off your bitcoin now may mean quitting bitcoin investment when price rises beyond your expectations that you now have to add more money to acquire equal bitcoin as you sold. Speculating on when to buy bitcoin at dip is  not right in any form. Bitcoin volatility still doesn't imply that anyone could successfully predict what the next direction of bitcoin would be. If anyone could rightly predict that, then investors would choose trading over long-term holding. So waiting for a price of choice is a total waste of time as you can start today at any amount you meet bitcoin because the hope of more ATH is still there.

I think you don't understand the assumptions I conveyed, because I said for people who have met their accumulation targets it is okay to sell a little bitcoin to enjoy the results. Then about whether someone has reached their bitcoin accumulation target or not after two cycles, I think I have also given that point in my post. Because you need to pay more attention that I only said it was okay to sell a little bitcoin for people who have reached their accumulation target and also have 2 cycles of hodl. So for people who haven't reached the target, definitely don't sell their bitcoin first.

Because basically we have to think more realistically, so enjoying a little profit from investing in bitcoin will not make our bitcoin assets run out. Because I need to emphasize again, I'm not saying sell all the bitcoin, but just a little bit. Because in my personal opinion by enjoying a little result from the bitcoin investment that we have held for 2 cycles will make our minds clearer and motivated again. Because basically we are humans who certainly need to have motivation and need to think more realistically.

[Barikui1]

I think you don't understand the assumptions I conveyed, because I said for people who have met their accumulation targets it is okay to sell a little bitcoin to enjoy the results. Then about whether someone has reached their bitcoin accumulation target or not after two cycles, I think I have also given that point in my post. Because you need to pay more attention that I only said it was okay to sell a little bitcoin for people who have reached their accumulation target and also have 2 cycles of hodl. So for people who haven't reached the target, definitely don't sell their bitcoin first.

Because basically we have to think more realistically, so enjoying a little profit from investing in bitcoin will not make our bitcoin assets run out. Because I need to emphasize again, I'm not saying sell all the bitcoin, but just a little bit. Because in my personal opinion by enjoying a little result from the bitcoin investment that we have held for 2 cycles will make our minds clearer and motivated again. Because basically we are humans who certainly need to have motivation and need to think more realistically.

I really don't sees it as a bad practice withdrawing some profit from your Bitcoin investment, if you have gotten to that over accumulation status, where the problem lies is selling everything off and becomes a no coiner all of a sudden, that's where the problem lies if you ask me, because at some point, we have to enjoy the fruit of our labour.
What I find problematic is the stipulated timeframe you intend holding, holding just for two circles doesn't seems like long to me because if you can attain that height of over accumulation status during that timeframe, you need to hold for one or two more circle for your Bitcoin investment to give you the best possible result you envision before starting, so in essence of what am trying to say is that 8 years is too small to be term as long term.

[kanftka]

If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

Bitcoin is enough for every person if the earning capacity is good, because at present the government of every country has considered this Bitcoin as a strategic reserve for its country to be economically successful. As time goes by, the importance of Bitcoin is increasing because big holders are thinking of holding only Bitcoin either by following the DCA method or by buying deep. So the more you delay, the more it is getting late for the holders, so connect yourself with Bitcoin investment.
If you have an amount of $ 30 to $ 40 per week, you should keep it under Bitcoin investment every week. It is certainly possible to bring about change if a person wants, so to be sure in the future and to eliminate financial sorrow, you should think of buying Bitcoin only at the present time according to the DCA method.

Fair enough, I agree to the fact that bitcoin investment is open to everyone who is desirous to venture into it provided he or she have the discretionary income to be able to accumulate or invest with. But I wouldn’t agree to the idea of saying if someone have $30 to $40 per week that the person should invest it in bitcoin. Come on dude that is not a right investment guidance as it seems misleading especially to the newbies because by earning $30 or $40 as weekly or monthly salary, you definitely will have other financial obligations to sort out which includes payments of your utility bills, you’ll also have to feed from it, and also get some clothings and other expenses will be covered from the said $30 or $40 salary. In this case, it is only advisable if an individual earn such amount of income weekly, the individual should be able to sort out his other financial obligations first and after sorting out those bills, the amount left which is the discretionary income is what should be used to invest in bitcoin. Mind you, inside that your discretionary income you may also have to be able to sort out your emergency funds from it just along side your accumulation of bitcoin. This is done so as you wouldn’t tend to your bitcoin holdings for emergency situations or to pay your bills thereby leading to a total messy situation or jeopardizing with your investment.

Look, I am all for stacking BTC, but telling someone earning just $30–$40 a week to invest it straight into Bitcoin is kinda wild. That ain’t investment advice, that is setting people up. You gotta handle your life first, bills, food, emergencies, then whatever is  left, that is your discretionary income, and that is what should touch Bitcoin…
Otherwise, you will end up selling your stack just to survive, and that is not the goal…

[Tonimez]

I think you don't understand the assumptions I conveyed, because I said for people who have met their accumulation targets it is okay to sell a little bitcoin to enjoy the results. Then about whether someone has reached their bitcoin accumulation target or not after two cycles, I think I have also given that point in my post. Because you need to pay more attention that I only said it was okay to sell a little bitcoin for people who have reached their accumulation target and also have 2 cycles of hodl. So for people who haven't reached the target, definitely don't sell their bitcoin first.

Because basically we have to think more realistically, so enjoying a little profit from investing in bitcoin will not make our bitcoin assets run out. Because I need to emphasize again, I'm not saying sell all the bitcoin, but just a little bit. Because in my personal opinion by enjoying a little result from the bitcoin investment that we have held for 2 cycles will make our minds clearer and motivated again. Because basically we are humans who certainly need to have motivation and need to think more realistically.

I really don't sees it as a bad practice withdrawing some profit from your Bitcoin investment, if you have gotten to that over accumulation status, where the problem lies is selling everything off and becomes a no coiner all of a sudden, that's where the problem lies if you ask me, because at some point, we have to enjoy the fruit of our labour.
What I find problematic is the stipulated timeframe you intend holding, holding just for two circles doesn't seems like long to me because if you can attain that height of over accumulation status during that timeframe, you need to hold for one or two more circle for your Bitcoin investment to give you the best possible result you envision before starting, so in essence of what am trying to say is that 8 years is too small to be term as long term.

The idea of reaching an accumulation target in two cycles and withdrawal after two cycles is definitely not a good suggestion at the first instance. Achieving an over accumulation target or status within such short periods means having series of front-loading and lump-sum bitcoin accumulation. To reach an over accumulation I think someone has to consider his time left in active service and his basic income. This will allow you make the right decisions for yourself and if you still have a long time in service, you set your goals accordingly.

Recent happenings also shows that more younger people are getting into bitcoin investment more than the older ones and if this be the case, then the average amount of bitcoin to be considered an over accumulation would be anywhere above 1 bitcoin. If this becomes our working module, presumably, then in 8 years of 2 bitcoin cycles, an average person would definitely need some magic and a touch of irresponsibilities to reach such an amount.

Let's say a person targets 1 bitcoin accumulation in 8 years, and he earns a weekly wage of $500 he would need a DCA allocation of $300 to invest and achieve that goal ( if bitcoin is stable and never rises until after 8 years which is practically impossible). To have a discretionary income that could give an investment fund of $300 he would need to at least have a weekly wage of $1200 which already makes him little above an average income earner. Should a person have the ability to make such investment, then he wouldn't not set 1 bitcoin as his over accumulation target.

[Derekfunds]

If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.

Bitcoin is enough for every person if the earning capacity is good, because at present the government of every country has considered this Bitcoin as a strategic reserve for its country to be economically successful. As time goes by, the importance of Bitcoin is increasing because big holders are thinking of holding only Bitcoin either by following the DCA method or by buying deep. So the more you delay, the more it is getting late for the holders, so connect yourself with Bitcoin investment.
If you have an amount of $ 30 to $ 40 per week, you should keep it under Bitcoin investment every week. It is certainly possible to bring about change if a person wants, so to be sure in the future and to eliminate financial sorrow, you should think of buying Bitcoin only at the present time according to the DCA method.

Fair enough, I agree to the fact that bitcoin investment is open to everyone who is desirous to venture into it provided he or she have the discretionary income to be able to accumulate or invest with. But I wouldn’t agree to the idea of saying if someone have $30 to $40 per week that the person should invest it in bitcoin. Come on dude that is not a right investment guidance as it seems misleading especially to the newbies because by earning $30 or $40 as weekly or monthly salary, you definitely will have other financial obligations to sort out which includes payments of your utility bills, you’ll also have to feed from it, and also get some clothings and other expenses will be covered from the said $30 or $40 salary. In this case, it is only advisable if an individual earn such amount of income weekly, the individual should be able to sort out his other financial obligations first and after sorting out those bills, the amount left which is the discretionary income is what should be used to invest in bitcoin. Mind you, inside that your discretionary income you may also have to be able to sort out your emergency funds from it just along side your accumulation of bitcoin. This is done so as you wouldn’t tend to your bitcoin holdings for emergency situations or to pay your bills thereby leading to a total messy situation or jeopardizing with your investment.

Look, I am all for stacking BTC, but telling someone earning just $30–$40 a week to invest it straight into Bitcoin is kinda wild. That ain’t investment advice, that is setting people up. You gotta handle your life first, bills, food, emergencies, then whatever is  left, that is your discretionary income, and that is what should touch Bitcoin…
Otherwise, you will end up selling your stack just to survive, and that is not the goal…

It is not actually wrong to tell someone to invest in Bitcoin if they are earning $30-40 weekly because there are folks who are just taking care of themselves, no family and so telling such folk to invest is not wrong or weird. I don't think a folk that is taking care of himself alone can not afford to invest $5 out of $30-40 because in days time they will still get paid again so there is nothing wrong unless the folk has someone they are taking care of but if the folk is earning $30-40 a month then I can say it is weird because the money can or may not even last till the end of the month but weekly is advisable but it take a good management skill to succeed in this case.

[DubemIfedigbo001]

 
...

Bitcoin trading can be highly volatile carrying a reasonable amount of risk. Mostly short term trading. As many expert traders makes profits, generally success in trading requires getting specific skills and knowhow. proper education is needed without it, it may mean exposing funds to probable losses. Long-term investment in Bitcoin is often viewed as potentially more stable, with capital considered safer over time. No matter the approach, understanding market risk management and market dynamics is essential before engaging in any form of Bitcoin trading or investment

I think you're misplacing your priorities Obulis, paying more attention to trading and trying to understand it's concepts and risk pattern at a time you should be more interested in taking accumulation of bitcoin with available discretionary income more seriously is surely a tweak in the wrong direction.

You do not need to understand any market risk to follow up your accumulation journey, you only need to know very little about bitcoin and be sure of having discretionary income available to start buying bitcoin. There are other more important things to care so much about during your accumulation journey which is managing your cashflow well, building up backup funds and practicing consistency in your regular buys. Understanding the market can be learned as you progress into your accumulation journey and it is more complex a phenomenon which you don't need to understand all before making your first purchase and following up.

Waiting to understand these facts may see you wasting unnecessary time learning the theories of bitcoin when you should be more practical about your involvement by buying bitcoin immediately and get more grounded in those theories as you advance into your accumulation journey. I must mention to you that the best way to learn about bitcoin than when you get involved in it and not when you are speculating around it. The time I really understood RBF very well was when my transaction was stuck in the mempool due to low fee and I had to bump the fee before it got confirmed.

[Futurexxx]

Bitcoin trading can be highly volatile carrying a reasonable amount of risk. Mostly short term trading. As many expert traders makes profits, generally success in trading requires getting specific skills and knowhow. proper education is needed without it, it may mean exposing funds to probable losses. Long-term investment in Bitcoin is often viewed as potentially more stable, with capital considered safer over time. No matter the approach, understanding market risk management and market dynamics is essential before engaging in any form of Bitcoin trading or investment

I think you're misplacing your priorities Obulis, paying more attention to trading and trying to understand it's concepts and risk pattern at a time you should be more interested in taking accumulation of bitcoin with available discretionary income more seriously is surely a tweak in the wrong direction.

You do not need to understand any market risk to follow up your accumulation journey, you only need to know very little about bitcoin and be sure of having discretionary income available to start buying bitcoin. There are other more important things to care so much about during your accumulation journey which is managing your cashflow well, building up backup funds and practicing consistency in your regular buys. Understanding the market can be learned as you progress into your accumulation journey and it is more complex a phenomenon which you don't need to understand all before making your first purchase and following up.

Waiting to understand these facts may see you wasting unnecessary time learning the theories of bitcoin when you should be more practical about your involvement by buying bitcoin immediately and get more grounded in those theories as you advance into your accumulation journey. I must mention to you that the best way to learn about bitcoin than when you get involved in it and not when you are speculating around it. The time I really understood RBF very well was when my transaction was stuck in the mempool due to low fee and I had to bump the fee before it got confirmed.

All that you said here are very correct, you don't have to be analyzing the market or chart before investing in Bitcoin, those activities are for traders that blindly thought that they can outsmart the market, your duty as a Bitcoin investor is to start accumulating Bitcoin regardless of it current price once you have the basic knowledge on how to go about it, analyzing or trying to play smart is very unwise and uncalled for as an investor.
What you should be paying much attention to while accumulating is putting your emergency and reserve funds in place, so as to protect your Bitcoin investment from any unforseen emergencies that may arise in the future, not analyzing the market.

[ruykeri]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.

Absolutely, Bitcoin trading is really not a good idea is a can of hole where one can easily fall in, i think i see it as killing your mindset, trading Bitcoin on the short period is very very unusual because it's volatile therefore  very risky. There are experts traders that are making a good  profit on the short term run, trading is a mere things that requires learning, acquiring skills to be profited and maxima lost. It is regarded that if you do not  learn the good skill of trading before embarking on it you are just playing over your funds. investing on Bitcoin for the long run it is very potentials to always stack to long term run the capital is safer...

Bitcoin is not for traders. Bitcoin is an investment tool for the security of one's life in the future. And no matter how much knowledge one acquires or increases one's skills, real success cannot be achieved through trading. And traders normally invest a lot of money to make quick profits in a short time. That is why they often lose. For example, a person makes a lot of calculations and thinks that within the next 1 month the price of Bitcoin will increase by more than 25% compared to the current one and for this reason  He is investing all the money he has, and borrowing as much as he can to invest the entire amount in Bitcoin to make more profits in a short time. But it turns out that at that time the price of Bitcoin has decreased a lot. Meanwhile, he needs money for some urgent need. In this situation, he has no money and hi is forced to sell Bitcoin at a much lower price than before. As a result, he faces a loss. In fact, no one can say exactly how much the price of Bitcoin will decrease or increase after 2 months or 6 months. But depending on the popularity and demand of Bitcoin at the present time, it can be assumed that its value will be much higher in the future after 5 to 10 years than it is now. Therefore, it is advisable to follow DCA and invest for a long time with discretionary income.