Buy Buy Buy or Sell Sell Sell?

[Cossyblack]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

You need a bit of a better formula than that.

What is your time limit, personally?  What are you aiming for ?  10 years?  or some other number?

Or are you aiming for both a time and an amount, yet maybe one of them is more important than the other, but what are you going to do?

When you start to withdraw, then how are you going to do it?

if you are still accumulating, then you have to focus on accumulating first, and sure maybe you will have some ideas about how you will withdraw, but how are you framing your target?  Sure it might have a time, but it also might have some ideas of an amount too, no? 

You're right sir what we should be focusing on first is to continue accumulating bitcoin consistently until we reached our over-accumulation target before we starts thinking on withdrawing it. There is no points that we should start thinking of selling our bitcoin portfolio when our accumulation is still at an infancy stage. When we starts allowing such negative thoughts of withdrawing our portfolio at an early stage of accumulation to flood our mind,then we may be tempted to tamper with our bitcoin portfolio when it hasn't yet matured. Furthermore Since his bitcoin portfolio hasn't reached over-accumulation status and also since he hasn't figured out any plan on what to do with his portfolio yet,I think he should completely erode the mindset of selling it since it hasn't matured.

[jems]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I think every withdrawal should be planned and not just done because of an increase in the value of your stash, that's basically the technique of a trader selling because his investments has yielded profit over a short period of time and not the strategy of an investor, the point of investing is to make profit but this profit should not drive your into selling early, an investor should be disciplined in his investments, if you can sell because of a quick profit then you can also definitely sell because of a quick lose, so even though you are making profit, you shouldn't sell until the investment timeline has ended and you should know how much of your profits percentage you sell each time you sell.

It's all about the planning or targets that we make at the beginning before investing. There's nothing wrong with it if our targets have been achieved then we make withdrawals at a faster time, but I think there are many changes that we can make to take bigger profits in the future so that the investments we make can be bigger and it will be more profitable not only fixated on the small targets that we have planned, in fact I think if the investment target has been achieved it's better to let it grow even more and we can do the same thing with new targets again.

[yixichloro2xx]

Although my best advice for poor people that wants to enter Bitcoin investment for the long term is that they need to understand financial management. If you're poor that your income cannot cover your basic expenses there's no need to force yourself into Bitcoin investment because you'd end up selling prematurely to take care of your basic needs. This will make you to deviate from DCA method because it'll defeat your goal of long term hodl. Make sure you have a functional discretionary funds before getting into DCA method.

If your income barely covers your basic needs, Bitcoin might not be your starting point. Without financial stability, you will  likely be forced to sell during market dips just to cover expenses, which can ruin your long term strategy. For me I can say that DCA works best when you can invest consistently without touching your stack, even in emergencies.

Before committing to DCA, build a discretionary fund  money you can invest without affecting your daily life. This safety net ensures you would not break your plan when prices drop or unexpected bills come up. In Bitcoin, staying in the game matters more than rushing in, and proper financial management is what keeps you there.

[JayJuanGee]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I don't know if this your idea of taking profits before reaching your bitcoin goal because you see that your bitcoin portfolio has doubled. If you take profits, it will affect the growth of your portfolio to a better height compared to when you didn't take profit. Imagine that profits that you took will depreciates your portfolio and the profits should have generated more profits overtime.

If you start taking profits because your bitcoin portfolio has doubled from the initial amount that you put in, it can be tempting and before you know it, you might take profits again the second time killing your long-term  accumulation goal and will delay you from reaching your bitcoin target. Let's not be profit cautious but focus on reaching our bitcoin goal since the profit is still there.

You are correct. .if you think about people who might have lump sum invested into bitcoin (or front loaded their bitcoin investment) in late 2022 and much of 2023, they might have had been able to accumulate a lot of bitcoin for average prices at or below $27k.. so then they might start to feel good that their bitcoin investment doubled and then it doubled again... so from $27k to $54k to $108k, and so they may well be feeling quite good and wanting to cash out, even if they may well still be in their BTC accumulation stage and maybe they have not even invested a whole year of their income into bitcoin yet, so they have a long way to go in order to get to their target, yet they have a good stash.

I also show the power of compounding for a guy who might have had been in bitcoin since 2015 when BTC prices were $250.. and so that guy would have 8 to 9 doublings .. so the doublings become more and more powerful with the passage of time... which shows a kind of exponential nature that comes through allowing time to pass and not getting overly eager to take too many profits too soon.

The power of compounding.
........

So, let's look at the historical numbers and the timeline from 2015 to present again.
0)   $250  (2015)                                    1X
1)    $500  (2015-2016)                           2X
2)    $1,000    (2016-2017)        2X * 2 = 4X
3)    $2,000  (2017)                  4X * 2 = 8X
4)    $4,000  (2017-2020)          8X * 2 = 16X
5)    $8,000   (2017-2020)        16X * 2 = 32X
6)    $16,000  (2017-2022)       32X * 2 = 64X
7)    $32,000  (2021-2023?)      64X * 2 = 128X
8 )    $64,000  (2021-?)             128X * 2 = 256X
9)    $128,000  (?)                    256X * 2 = 512X
You can likely see that if you are shaving off profits at the earlier stages, then you are going to eat into the compounding (and/or exponential) component in regards to how your value would have had grown through that period of time...

[edited out]

In order to attain success in Bitcoin investing, one must have to adopt a mindset that prioritizes accumulation and long term growth rather than shirt term profit taking as this is the key to reaching over accumulation status. When investors direct their focus on building a substantial Bitcoin portfolio, they'll be able to attain a level where they'll be able to sustain themselves through regular withdrawals, whether it's time based or price based. At this point, withdrawing from their Bitcoin stash would no longer affect the investments/portfolio as they have already gotten to a state of overaccumulation and are no longer focusing on accumulating but managing and preserving their portfolio.

It becomes easier for investors to shift their focus from profit driven decision making to a more sustainable approach once they've experience one or two cycles because at this point, they're believed to be better equipped to make more informed decisions. By sticking to this mindset, they put themselves in a much better position to continue accumulating Bitcoin until they've reached a state that their Bitcoin portfolio is sufficient enough to take care of their needs and/or even exceed their requirements.
At this particular point, they'll have a more straightforward calculation, which is, how much BTC would they need to accumulate that'll be able to generate them a particular income stream? And by diverting their attention and decision making from profit making and loss consideration, investors put themselves in a much better position to adopt a more objective approach towards effectively managing their Bitcoin portfolio.

Even a guy with $1k average cost per bitcoin went from being in the red in 2015 and 2016 but then in 2017 he would have went all the way up to 19x profits and then dropped back down to only 4x profits in 2018,  but then in 2021 he would have gone up to 69x profits and dropped back down to 16x to 20x profits and then now he would be 116x profits, so there is likely  more stress when the profit levels are lower, but one the profit levels reach higher numbers, then they don't become as big of a deal if they might change because there ends up being a lot of cushion and less needs to worry about if profits are going up or down. Sure when the profit cushion becomes very large, guys might still try to make withdrawals when profits are higher, but they are not as much motivated by profits since they have been through the more difficult periods that were in the earlier years.

[ChocolateBitcoinK]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I think every withdrawal should be planned and not just done because of an increase in the value of your stash, that's basically the technique of a trader selling because his investments has yielded profit over a short period of time and not the strategy of an investor, the point of investing is to make profit but this profit should not drive your into selling early, an investor should be disciplined in his investments, if you can sell because of a quick profit then you can also definitely sell because of a quick lose, so even though you are making profit, you shouldn't sell until the investment timeline has ended and you should know how much of your profits percentage you sell each time you sell.

It's all about the planning or targets that we make at the beginning before investing. There's nothing wrong with it if our targets have been achieved then we make withdrawals at a faster time, but I think there are many changes that we can make to take bigger profits in the future so that the investments we make can be bigger and it will be more profitable not only fixated on the small targets that we have planned, in fact I think if the investment target has been achieved it's better to let it grow even more and we can do the same thing with new targets again.

Everyone moves towards a specific goal, and when that goal is achieved, he can naturally withdraw the money, but yes, it is certainly right that if he has the ability, he should take that goal further, this will increase his level of success, because many times we stop by achieving small goals, as a result of which the potential big profits are missed, and in the case of Bitcoin, it should be held for as long as possible, because as a result, its success is likely to come in a much larger form. So after achieving the goal, the investment can be given more time, so that it takes on a larger form, this is certainly not wrong, if you have the ability, then it is better to do it.

[blackberrman]

Hello. Unfortunately, this is a common experience in volatile markets like cryptocurrencies. Rapid fluctuations can make it feel like you're buying at the wrong time or selling too early, but it is often difficult to predict.

Yes, it is almost impossible to determine the price of Bitcoin, just waiting for it to fall to invest in Bitcoin is a bad habit, because there is a possibility of Bitcoin price increasing, in this case you should not lag behind because in this case on the one hand you may regret if Bitcoin price increases, so you should not just wait for the right time to invest because there is no such thing as the right time, no one can tell you what Bitcoin price will be, but Bitcoin has a bright future that we can never deny, but you can use the DCA strategy to invest in Bitcoin because it is going to be great for you and it is an effective way for everyone, because wherever you have a source of income, be it a business or a job, you can earn money from there and that money you can meet the needs of your family and invest the remaining money weekly or monthly or regularly using the DCA strategy, because it reduces your risk and you do not need to worry about Bitcoin price because you are with Bitcoin and you are in it for the long term  Continue investing in Bitcoin. Come on.

[ruykeri]

Bitcoin is for traders, but if you are a trader and you know about Bitcoin, you cannot see Bitcoin and traders as the same thing because Bitcoin is a long-term investment. Because of its nature, it will always be seen as a long-term investment with a bright future. Any trader who sees Bitcoin as a trader has no knowledge of Bitcoin and is also a greedy person who should be careful with making quick profits. Investing in Bitcoin does not guarantee that you will make a profit in the coming months or that you will get the kind of profit you desire quickly. Bitcoin requires a lot of patience, and you can not invest if you lack patience.

There is no method that can satisfy anyone who lacks patience and tries to invest in Bitcoin. Many people have sold for their Bitcoin for since because they were unsure of it and when they noticed that its price had increased. It is not bad to sell your Bitcoin because you own it, but if you are patient, you will earn more because as long as we are alive, we all have a bright future.

I am not talking about interfering with anyone's personal rights. The person who has invested in Bitcoin is the owner of that property and he can use his property whenever he wants. He can sell his Bitcoin whenever he wants. And whether or not someone takes Bitcoin as a trading option is a personal matter. But what is proven is that if you invest in Bitcoin for a long time, then if it is from 4 to 10, then it will bring success. I believe in this, so I do not want to get involved in trading with Bitcoin.
However, I completely agree with the rest of what you said. But the first thing you said may be a mistake in your writing because I do not find much relationship between Bitcoin and traders and one and a half of what you said below. And you are right that the more patiently investing in Bitcoin, the more profitable it is possible to be. However, I would like to add another point to this, which is that everyone should definitely follow the DCA method and invest in Bitcoin with discretionary income so that any do not have to face any kind of economical problem in the future.

This is not true. Not the way I see it anyway. Bitcoin was created as a currency, and a currency can be traded. For fiat currencies, they are traded in the foreign exchange market, and the same can be applied to Bitcoin. The fact that bitcoin gives way more profit in the long term doesn't mean it cannot be traded. I think most time we forget that bitcoin is a currency too, not just a speculative asset.
Different people can use their bitcoin however they want to; they are free to hodl, sell or trade as they wish, the problem arises when you're trading without fully understanding what it's all about. That is why it's relatively better to just hold because that way you don't need any special skills.

I would like to say one thing with great respect to your opinion.That is, you said that foreign exchange is traded with fiat currency. But there is a third party intervention in foreign exchange trading with this fiat currency. For example, if someone buys dollars or euros in exchange for their own country's currency, when its price is higher than the price they bought with their own country's currency, they will sell it. In this type of trading, there is a controller for their own country's currency like the central bank of a country and other valuable currencies too . But Bitcoin has no controller, it is decentralized, so I think the trading that Bitcoin talked about with foreign exchange trading is a different matter
And if someone wants to transact through Bitcoin and use it like a normal currency, it is their personal business. They have the right to decide how they want to use their wealth. But it can be seen that the price of normal currency is decreasing day by day. But the price of Bitcoin has been increasing since the beginning. It is understood that in the future its price will be higher than our imagination. If someone invests regularly in Bitcoin for a long time for their future security, then it will definitely give good results.

[Muba20]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I think every withdrawal should be planned and not just done because of an increase in the value of your stash, that's basically the technique of a trader selling because his investments has yielded profit over a short period of time and not the strategy of an investor, the point of investing is to make profit but this profit should not drive your into selling early, an investor should be disciplined in his investments, if you can sell because of a quick profit then you can also definitely sell because of a quick lose, so even though you are making profit, you shouldn't sell until the investment timeline has ended and you should know how much of your profits percentage you sell each time you sell.

It's all about the planning or targets that we make at the beginning before investing. There's nothing wrong with it if our targets have been achieved then we make withdrawals at a faster time, but I think there are many changes that we can make to take bigger profits in the future so that the investments we make can be bigger and it will be more profitable not only fixated on the small targets that we have planned, in fact I think if the investment target has been achieved it's better to let it grow even more and we can do the same thing with new targets again.

There are some investors who try to make profit by selling small targets. This is not bad, but if someone is planning to invest in Bitcoin with a long-term plan, then he should definitely set a big target. Investors should remember that the opportunity to buy Bitcoin at a profit today may not come to you in the future. So, when you sell at a small profit and buy Bitcoin again, if the price of Bitcoin increases, that opportunity will be completely lost. Everyone who has big expectations is eager to buy Bitcoin for the purpose of fulfilling a big dream and hold it for the long term. Those who buy Bitcoin for a small profit should know more about the benefits of holding it for the long term.

[Derekfunds]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I think every withdrawal should be planned and not just done because of an increase in the value of your stash, that's basically the technique of a trader selling because his investments has yielded profit over a short period of time and not the strategy of an investor, the point of investing is to make profit but this profit should not drive your into selling early, an investor should be disciplined in his investments, if you can sell because of a quick profit then you can also definitely sell because of a quick lose, so even though you are making profit, you shouldn't sell until the investment timeline has ended and you should know how much of your profits percentage you sell each time you sell.

It's all about the planning or targets that we make at the beginning before investing. There's nothing wrong with it if our targets have been achieved then we make withdrawals at a faster time, but I think there are many changes that we can make to take bigger profits in the future so that the investments we make can be bigger and it will be more profitable not only fixated on the small targets that we have planned, in fact I think if the investment target has been achieved it's better to let it grow even more and we can do the same thing with new targets again.

Everyone moves towards a specific goal, and when that goal is achieved, he can naturally withdraw the money, but yes, it is certainly right that if he has the ability, he should take that goal further, this will increase his level of success, because many times we stop by achieving small goals, as a result of which the potential big profits are missed, and in the case of Bitcoin, it should be held for as long as possible, because as a result, its success is likely to come in a much larger form. So after achieving the goal, the investment can be given more time, so that it takes on a larger form, this is certainly not wrong, if you have the ability, then it is better to do it.

The fact that we are investing in Bitcoin to make profit doesn't mean we would sell off our Bitcoin after getting to our set target other words known as overaccumulation stage. Selling or withdrawing after getting to this stage is never the idea but an investor can decide to sell some cent of his investment and be accumulating back again little by little to make sure our investment is still progressing which is the dream of every investor. Anyone who sell everything will still want to start accumulating back from scratch again which is lack of knowledge and understanding, just imagine building a house and scattering to build back again, you know how stressful it can be right.

[blackberrman]

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.

I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution.  Take your investment very serious and also have some money for emergency,  atleast it can help one to have some relief when money is need to settle some challenge.

Good point Y3shot. There will always be emergencies and problems that will require urgent attention and money is the only thing that helps to provide solutions to the problems but that shouldn't make you to prioritize your savings on emergencies more than you do with your investment because you don't spend to make profit you only invest to make profit now or in the future. If money for your investment should take 70% of your total income your emergency funds should not take up to 20% because you are not working to solve problems when though you will always encounter problems a long the line.

While I might agree with you on what you’re saying concerning prioritising investment over creating emergency funds, I disagree with your allocation of percentage for your income. It is advised to invest from your discretionary income and that’s also where you get your emergency funds from.
Instead of saying “If money for your investment should take 70% of your total income your emergency funds should not take up to 20%”…., You should Share it in this Manner if  investment money takes 70% of your discretionary money while emergency funds takes 20% and the rest 10% in reserves. If you take 70% of your total income into investment, how are you going to take care of your essential needs and services you’ll end up using your investment to survive thereby killing that investment journey.

Having an emergency fund is very important, but you need to be one step ahead for your future because Bitcoin can give you that opportunity, if you have a source of income from which profit comes and you do not spend any part of that profit unnecessarily, after meeting the needs of your family and from the rest of your money you can also invest in Bitcoin and on the other hand you can create an emergency fund, because it is better to invest slowly than not to invest at all, even if it is small, the DCA strategy is going to be the best for you because through this you can invest Bitcoin every month and your long-term investment will make your investment a strong investment.

[Proty]

if you invest in Bitcoin for a long time, then if it is from 4 to 10, then it will bring success

Holding bitcoin to or 4 to 10yrs doesn't necessarily mean that our investment is going to be successful or in profit. If we look at bitcoin past record it shows that long term holders have been more successful than short term holder , however since the future is unpredictable. There are so many things or factors that may affect the performance of bitcoin. Holding bitcoin for long term may reduce the impact of short term volatility, however it doesn't mean that it has removed the chances of loss. There is still risk in long term investment, so holding for longer time isn't a guarantee that our investment is going to be successful

[Obulis]

there's none better than DCA method. If they are able to scrap out discretionary funds from their income and allocate some of it to buying Bitcoin then they can buy and continue buying into the future.

Hello. Unfortunately, this is a common experience in volatile markets like cryptocurrencies. Rapid fluctuations can make it feel like you're buying at the wrong time or selling too early, but it is often difficult to predict.

because wherever you have a source of income, be it a business or a job, you can earn money from there and that money you can meet the needs of your family and invest the remaining money weekly or monthly or regularly using the DCA strategy, because it reduces your risk and you do not need to worry about Bitcoin price because you are with Bitcoin and you are in it for the long term  Continue investing in Bitcoin. Come on.

Making efforts to time the market perfectly is nearly impossible, especially with Bitcoin's volatility nature. Hoping for the "perfect dip" often results to missed opportunities.
... Sure sure it is already an advocacy here for DCA method... By always investing a fixed amount weekly, monthly or as it may be, to reduce risk and avoid pressure over short-term volatility. Whether income is from a job, a business or both, nvesting in Bitcoin regularly helps build your portfolio. Bitcoin has strong future and being committed through DCA can be a great plan for the future....

[Miles2006]

if you invest in Bitcoin for a long time, then if it is from 4 to 10, then it will bring success

Holding bitcoin to or 4 to 10yrs doesn't necessarily mean that our investment is going to be successful or in profit. If we look at bitcoin past record it shows that long term holders have been more successful than short term holder , however since the future is unpredictable. There are so many things or factors that may affect the performance of bitcoin. Holding bitcoin for long term may reduce the impact of short term volatility, however it doesn't mean that it has removed the chances of loss. There is still risk in long term investment, so holding for longer time isn't a guarantee that our investment is going to be successful

Fair enough there’s no guarantee concerning the market price and past performance given reason why we should invest what we can afford to lose. For a fact bitcoin investment is trusted doesn’t mean we should give out everything while accumulating bitcoin instead buy and hold gradually, I agree with the fact 4 to 10 years can not accomplish that dream portfolio meanwhile it differ depending on the kind of investor and their different goal towards holding bitcoin. 4 to 10 years or even beyond is still considered safe basically holding for a long period of time will definitely reduce risk and there’s a higher chance you’ll gain profit compared to short term investors, don’t plan outside the box (investing) and you’ll also not sell when you’ve not gotten to that stage.

[mid9tclaw02]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

now is  not the selling hour is buying time so you better hold any amount of coin you have there  and prepare to smile tomorrow

[Silikiem]

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

[G_Besar]

Making efforts to time the market perfectly is nearly impossible, especially with Bitcoin's volatility nature. Hoping for the "perfect dip" often results to missed opportunities.
... Sure sure it is already an advocacy here for DCA method... By always investing a fixed amount weekly, monthly or as it may be, to reduce risk and avoid pressure over short-term volatility. Whether income is from a job, a business or both, nvesting in Bitcoin regularly helps build your portfolio. Bitcoin has strong future and being committed through DCA can be a great plan for the future....

Sometimes I also wonder how some people wait for the Bitcoin price to drop to buy, even though their goal is to buy Bitcoin for the long term. Perhaps some of these people still don't understand what long-term investment is, so they often equate it with trading and start making wrong moves, wasting more opportunities for days when they want to buy Bitcoin.

I hope that people who are still waiting for the Bitcoin price to drop when they want to buy can quickly wake up and understand what investing is all about. Because from your explanation, all prospective new investors should understand that they don't need to focus on the Bitcoin price if their goal is to buy it for the long term. Bitcoin adoption is now so widespread, it would be a shame for those who are still willing to wait for a drop to own Bitcoin when they actually have the opportunity to buy immediately without considering this in more detail.

[Tungbulu]

[edited out]

✂️✂️✂️✂️

Even a guy with $1k average cost per bitcoin went from being in the red in 2015 and 2016 but then in 2017 he would have went all the way up to 19x profits and then dropped back down to only 4x profits in 2018,  but then in 2021 he would have gone up to 69x profits and dropped back down to 16x to 20x profits and then now he would be 116x profits, so there is likely  more stress when the profit levels are lower, but one the profit levels reach higher numbers, then they don't become as big of a deal if they might change because there ends up being a lot of cushion and less needs to worry about if profits are going up or down. Sure when the profit cushion becomes very large, guys might still try to make withdrawals when profits are higher, but they are not as much motivated by profits since they have been through the more difficult periods that were in the earlier years.

The journey of a Bitcoin investor with $1k average cost basis vividly shows the significant volatility in profit levels overtime. Initially, it's possible that the investor might have actually experienced some sort of stress when profits where pretty much lower, but as the profit increases overtime, we can see that the stress that usually came with the market volatility with drastically reduced too. And when the profit cushion is much higher, the investor's concern about the short term fluctuations associated with the market becomes way less concerned about the short term market fluctuations as there's a greater margin for error.
As as the investor navigates through different cycles, they'll be able to develop a more  logical and seasoned perspective. At this point, they're more experienced and have adapted to the challenges of earlier years, and thus becomes more fixated on long term sustainability rather than short term profitability. And when the profit cushion has become substantial or when they've reached a state of overaccumulation, then the investor might still consider selling off during periods of high profits, but the main thing is that their motivation and focused has shifted from maximizing short term gains to maintaining and sustaining a stable financial foundation.

At this point, the investor's priorities may also switch towards strategic planning, wealth preservation, even diversification, rather than just solely focusing on maximizing profits. It is pretty much easier for investors with a deeper of market cycles and a more substantial Bitcoin stash to adopt a more relaxed and/or flexible approach, because they already know that their financial foundation is more safer.

[Barikui1]

Sometimes I also wonder how some people wait for the Bitcoin price to drop to buy, even though their goal is to buy Bitcoin for the long term. Perhaps some of these people still don't understand what long-term investment is, so they often equate it with trading and start making wrong moves, wasting more opportunities for days when they want to buy Bitcoin.

I hope that people who are still waiting for the Bitcoin price to drop when they want to buy can quickly wake up and understand what investing is all about. Because from your explanation, all prospective new investors should understand that they don't need to focus on the Bitcoin price if their goal is to buy it for the long term. Bitcoin adoption is now so widespread, it would be a shame for those who are still willing to wait for a drop to own Bitcoin when they actually have the opportunity to buy immediately without considering this in more detail.

Guys that normally does that are mostly traders that think they can outsmart the market because they knows that they can not hold for a very long time, and these are one major reason these guys loses money, most  times due to their quest for minimal gains they wait and wait without even buying at all because the dip they thought would happen never came to pass, so it's a wrong way to acquire Bitcoin, the best possible way to acquire Bitcoin is to just buy it anytime your discretionary income is available regardless of it current price, if in the process of accumulating and their is a dip in the market, he might decide to buy aggressively then with his reserve funds, but waiting for the dip is what is not encouraged.

[ZeroVinsonN]

There are some investors who try to make profit by selling small targets. This is not bad,

The very idea of an investor selling for small profit is bad enough already and should not be encouraged in my opinion, when they do this, they switch from investing to trading and this is where all their mistakes start piling up for them, no investor's target should be short term, and making profits from small targets is short term investment and while it might seem promising at the time it's always the after effects that's detrimental as they sometimes sell more than the profit made and even sell the capital investment because while you might have made $1k profit during your sale, investing $1k after might afford you less bitcoin than what you sold which leaves you at a lose.

Those who buy Bitcoin for a small profit should know more about the benefits of holding it for the long term.

those who buy bitcoin for small profits will definitely know less about the benefits of holding long term since they've probably never experienced it themselves, it's makes more sense for a long term investor to, short term investors invest in short term because they don't know about the benefits of investing long term, to them the short term profit is the best kind of profit to make, if they understood the benefits of investing long term then they would have invested long term so I disagree with them knowing more about the benefits of holding bitcoin for long term as that would mean long term investors know less about the benefits of holding which is very wrong.

[Yoona_As]

There are some investors who try to make profit by selling small targets. This is not bad,

The very idea of an investor selling for small profit is bad enough already and should not be encouraged in my opinion, when they do this, they switch from investing to trading and this is where all their mistakes start piling up for them, no investor's target should be short term, and making profits from small targets is short term investment and while it might seem promising at the time it's always the after effects that's detrimental as they sometimes sell more than the profit made and even sell the capital investment because while you might have made $1k profit during your sale, investing $1k after might afford you less bitcoin than what you sold which leaves you at a lose.

Those who buy Bitcoin for a small profit should know more about the benefits of holding it for the long term.

those who buy bitcoin for small profits will definitely know less about the benefits of holding long term since they've probably never experienced it themselves, it's makes more sense for a long term investor to, short term investors invest in short term because they don't know about the benefits of investing long term, to them the short term profit is the best kind of profit to make, if they understood the benefits of investing long term then they would have invested long term so I disagree with them knowing more about the benefits of holding bitcoin for long term as that would mean long term investors know less about the benefits of holding which is very wrong.

Experienced investors are familiar with Bitcoin, but those who are new to investing in Bitcoin may not be familiar with Bitcoin, so they have a beautiful history of Bitcoin that proves how profitable it is in the long term. Some of those who invested in Bitcoin in history were short-term investors and many investors have been able to achieve long-term success because they were patient in the market fluctuations, leaving behind temporary fear and greed as the price increased, hoping for big profits, so they are currently profitable because it is what Bitcoin has rewarded them as a result of their patience, on the other hand, short-term investors who sold their Bitcoin in history and are regretting it at the present time, in that case, current investors should also have a long-term goal because Bitcoin can increase its value more than we fear, but there is no guarantee of this but Bitcoin has a bright future,