Buy Buy Buy or Sell Sell Sell?

[Sim_card]

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment

You are contradicting your statement and that shows that you are confused with what you are saying. Who told you that buying bitcoin aggressively with your discretionary income is gambling. It's good to buy bitcoin aggressively when you can because it will enable you reach your bitcoin target faster or better still to front load your bitcoin investment because bitcoin price increases overtime.

However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

This is correct. Because if you invest over aggressively, you will end up selling part of your bitcoin when your needs arises and incur losses if bitcoin price is against your entry point.

However, it is not possible for any person to invest aggressively.

Are you kidding me and who told you that. You should talk about yourself and not about others. Aggressive buying doesn't mean that you are using all your discretionary income to buy bitcoin. You might have a discretionary income of $15 and use $10 to DCA weekly, you are buying aggressively. Both the rich and poor can buy aggressively when they are capable of doing so. I have bought bitcoin aggressively last year when I received bonus from my work in December. I was paid double salary and I use the other part to invest aggressively adding it to my regular DCA amount.

[Kagaru]

Over time now, I've got to learn on so many things regarding investment, we should not be influenced by our decision base on what others are doing , instead we should sit more tight to discover on how we could also adopt a strategy that may best fit in for our investment and then work on it until we made it a reality, many have been so entangled by what others are doing and they don't seem to understand what is ahead of them or expected of them to do at some point while investing.

Even though I understand the aspect of personalizing the investment process, I still think that learning what others are doing to see if it is ideal for you will save you a lot of time and stress of finding out through experience, because the people using those methods would freely share their experience thereby making this easier for you. Take for instance, majority of us are talking about and using the DCA method, you will do better to check if you can use same instead of going ahead to try to invent your own strategy. This is my understanding of how knowledge is supposed to be and even in the field of science, it follows similar pattern. You can add little improvements to it such as using hybrid system of DCA and buying the dip which means you did not completely jettison what is in existence but simply added little touch to it to make it more effective.

Bitcoin dynamics are complex as a result of its volatile nature, due to this volatility there’s no amount of learning can really make one a perfect investor. Even, most of the old investors still find it difficult to really understand everything right about bitcoin. Sometimes we learn more and also unlearn by doing it. The most important thing to be worried about In bitcoin investment is to be able to figure out a discretionary income to accumulate and invest with, also bearing in mind that bitcoin investment is not a get rich quick investment and at such you must have the long term focus and strategy in order to achieve some significant success in your investment, being able to figure out a discretionary income and consistently accumulating bitcoin and being patient to hold for the long term goal is key. Just like the saying goes “the day you plant the seed is not the day you eat the fruit, be patient and keep watering.”

I totally agree with what you have said and I would further mention that there is a balance that has to be established between learning and creating your own way of doing things. Following plans such as DCA or selling the dip will save you time and provide you with a structure, however, simply imitating blindly without hearing how the plan works will only make you go in the opposite direction, particularly with something as unstable as Bitcoin. Its true advantage lies when you borrow tested strategies and find ways to make those suitable to your own financial needs, risk tolerance, and objectives. Stickiness, patience and discretionary income are a lot more important than attempting to follow the fashion of the moment. Ultimately, the discipline and long-term thinking are more relevant to investing than perfection.

[Gost ms]

Bitcoin dynamics are complex as a result of its volatile nature, due to this volatility there’s no amount of learning can really make one a perfect investor. Even, most of the old investors still find it difficult to really understand everything right about bitcoin. Sometimes we learn more and also unlearn by doing it. The most important thing to be worried about In bitcoin investment is to be able to figure out a discretionary income to accumulate and invest with, also bearing in mind that bitcoin investment is not a get rich quick investment and at such you must have the long term focus and strategy in order to achieve some significant success in your investment, being able to figure out a discretionary income and consistently accumulating bitcoin and being patient to hold for the long term goal is key. Just like the saying goes “the day you plant the seed is not the day you eat the fruit, be patient and keep watering.”

An investor never thinks about the volatility of Bitcoin. Because an investor always thinks long term. A trader always thinks about the volatility of Bitcoin. In the case of long term investment, one never worries about the volatility of Bitcoin. Personally, I think that this volatility of Bitcoin has made Bitcoin so successful. Because whenever Bitcoin falls in the market, a new ATH is created in the Bitcoin market.

It is never possible for anyone to acquire complete knowledge. As time goes by, everything goes. So it is never possible to acquire complete education or music. The old investors you are talking about, if they bought Bitcoin 5 to 6 years ago and held it till now, then they have now gained a lot of money or their investment is making a lot of profit. So, focus on investing without paying attention to what anyone says.

[Miles2006]

. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

This is just the point sir, this is why some Bitcoin investors have problems with their investment because they investment outside of their discretionary income, but if they can invest within their discretionary, it's definitely a welcome idea, not something we should be worried about because it's done properly.

If an investor should invest outside discretionary income they might end up selling before reaching their target and reaching a good target takes a long period of time. We’ve discussed this severally yet mistakes like such keeps happening whereby an investor will want to go all in and invest heavily forgetting to settle necessary needs, most times what some people fail to understand is saving a back up funds.

Back up funds are essential to keep our investment going so if investing aggressively without a backup fund can as well ruin our investment also saving for the back up funds must be done with the discretionary income. I know of a friend who is wealthy and never bother investing using huge amount basically they can handle any level of aggressiveness but, doesn’t necessary mean management planning is not involved, management planning is also a factor considered before investing.

[ChocolateBitcoinK]

It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.

You seems to have forgotten that buying aggressively does not necessarily mean that you must be a business man or woman, Moreover you're not investing from your business funds but from your discretionary income if your discretionary income is enough for you to start attempting to buy aggressively then you have every right to do so, but should be done according to the size of your discretionary income and not going extra mind just so that you can engage yourself into aggressive buying of bitcoin going about it this way is very wrong but once you're investing according to the level of your discretionary income even if you choose to buy aggressively I don't see anything wrong with that but is always advised to stay within your line and not crossing it.

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment .  However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.

[Baki202]

It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.

You seems to have forgotten that buying aggressively does not necessarily mean that you must be a business man or woman, Moreover you're not investing from your business funds but from your discretionary income if your discretionary income is enough for you to start attempting to buy aggressively then you have every right to do so, but should be done according to the size of your discretionary income and not going extra mind just so that you can engage yourself into aggressive buying of bitcoin going about it this way is very wrong but once you're investing according to the level of your discretionary income even if you choose to buy aggressively I don't see anything wrong with that but is always advised to stay within your line and not crossing it.

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment .  However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.

One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to  make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.

[Proty]

It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.

You seems to have forgotten that buying aggressively does not necessarily mean that you must be a business man or woman, Moreover you're not investing from your business funds but from your discretionary income if your discretionary income is enough for you to start attempting to buy aggressively then you have every right to do so, but should be done according to the size of your discretionary income and not going extra mind just so that you can engage yourself into aggressive buying of bitcoin going about it this way is very wrong but once you're investing according to the level of your discretionary income even if you choose to buy aggressively I don't see anything wrong with that but is always advised to stay within your line and not crossing it.

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment .  However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.

One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to  make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.

Having a good source of income is important since our consistency in bitcoin investment strictly varies with our cash flow. So a good cash flow management is very important in our being able to keep up with our DCA strategy. However it is possible to be buying bitcoin while working on increasing or stabilising our cashflow. I believe it is possible to have a source of income without one having a discretionary income so it is very important we determine if we have discretionary income to invest with before thinking of starting .

[Sonia_123]

Over time now, I've got to learn on so many things regarding investment, we should not be influenced by our decision base on what others are doing , instead we should sit more tight to discover on how we could also adopt a strategy that may best fit in for our investment and then work on it until we made it a reality, many have been so entangled by what others are doing and they don't seem to understand what is ahead of them or expected of them to do at some point while investing.

That is why before we can invest, we have to learn more and more, understand the nature of the markets and have the ability to hold and make right decisions that could contribute more to our interest than being on losses, we may think all these don't count, but at last, they do, since the decisions made by us today will always be a reflection of what we see tomorrow, because there is no magic in what we do, but we have to be intended for making the right choice investing.

If someone wants to invest, then it is imperative that they have an idea about Bitcoin. But don't take too much time to gain this knowledge. Because the content of Bitcoin is very vast. There is no end to learning here. With time, new things are coming, people are researching and working on them. So if you spend too much time learning all this, then many more opportunities to invest in Bitcoin will be missed. You must have a basic idea about Bitcoin and its security.

You have talked about understanding the nature of the Bitcoin market, in fact, no one can say exactly when the price of Bitcoin will increase or decrease and how much it will decrease. However, after a long time, the price of Bitcoin has increased many times, we can understand this by looking at the statistics of the past. And it is clear to us that if one can hold Bitcoin for a long time, he can get a lot of profit from Bitcoin. The easiest way to invest in Bitcoin for a long time is to follow the DCA and invest with discretionary income. In addition, if create an emergency fund reserve fund, that can solve any strategic problem without having to sell Bitcoin... In fact, instead of using Bitcoin as trading or gambling, we should see it as a means of future security for ourselves and our families.

It is important to have basic concepts in investing, but it should be continued not only before starting to invest but also after investing. To have a clearer idea about investing, it is necessary to have basic concepts and financial knowledge. However, young people are still learning and they need more practice. Mistakes can happen, but learning from mistakes and limitations create opportunities. It is also important to spend some time a week learning basic concepts, learning and following financial matters in addition to studying or working. Regular learning and planning based on your own experience can be the key to success. Therefore, to move forward on a safe and sustainable path, you should increase your basic concepts, financial status and future planning.

Aggressive buying is for every folks and it all depends on how you go about it in as much as you understand what you are doing and it's not going to affect your cash inflow and your bitcoin investment, because as soon as you start over doing it and lost control then you are putting your investment at risk, alot of persons buys  aggressiveness because of the dip in the price of bitcoin instead of figuring their level of buying aggressively from their level of discretionary income and how strong their income may be and be managed in other to have a successful aggressive buying, because if you have an investor buying regularly, consistently persistantly weekly, how do you expect him to buy aggressively without affecting his discretionary income since he has being buying from there because he his not going to have extra money to buy aggressively when the dip comes

[Popkon6]

Having a good source of income is important since our consistency in bitcoin investment strictly varies with our cash flow. So a good cash flow management is very important in our being able to keep up with our DCA strategy. However it is possible to be buying bitcoin while working on increasing or stabilising our cashflow. I believe it is possible to have a source of income without one having a discretionary income so it is very important we determine if we have discretionary income to invest with before thinking of starting .

Bitcoin investment certainly plays the most important role in our income source, but at the same time we will try to strengthen our Bitcoin investment even more. In this case, I want to tell you that in addition to the DCA method, you can add money to your Bitcoin investment in addition to some techniques that not everyone knows. For example, if you invest $ 70 a week, and you can save money from your personal frivolous expenses.
For example, you quit smoking, you go to the park and eat nuts with your girlfriend, drink alcohol, etc. You must see that you will save $ 30 to $ 40 at the end of the week. And you can add this saved money to your Bitcoin investment, and if you can invest (70 + 40) $ 110 a week, then you can definitely invest $ 5720 in Bitcoin at the end of the year.

[Tungbulu]

I think we’re over exaggerating and over emphasizing on this Scenario, it’s just as simple of knowing when to stop if we’re choosing to be aggressive and knowing when to be aggressive financially, I think there is nothing absolutely wrong if we want to be aggressive and there are times we can be aggressive and there are also times we might not be aggressive, it depends on when we have more discretionary income to be more aggressive, because there is no way we can be aggressive when we don’t have a discretionary income, and we should be also smart and intelligent enough to know when is the right time to be aggressive and when it’s not the right time to be aggressive.

The truth is that buying Bitcoin aggressively is not a bad idea if you are doing it from your discretionary income, it is very good, especially if you are still far away in your accumulation journey,  where the problem usually lies is doing it outside your discretionary income, because by doing that it smells troubles in your ability to hold for a very long time.
Another thing is over doing it without sorting out your basic needs first.

To buy aggressively, we have to depend on our financial situation. If we buy without depending on our financial situation, then we may put our holdings in danger later. For example, if we invest with our emergency money, then if we need that amount of money, then we may have to sell our holdings. So it is better to be aggressive depending on our financial situation.

Let me tell you in a little simpler language. As you said, invest aggressively with discretionary income. If you invest with the entire amount of your discretionary income, then you will not be able to create an emergency fund. If your emergency fund is already created, then if you invest with your entire amount of discretionary income and then you have any kind of financial crisis, then you will have to take money from your emergency fund. But it is never right to take money from your emergency fund for these small financial crises. So it is always better to invest 5 to 25% of your discretionary income

If a person is investing into bitcoin, they can invest up to 100% of their discretionary income, but if they make a mistake then they are being too aggressive.  Therefore it is good to hold back.

If a person decides to invest somewhere between 5% and 25% of their income into bitcoin, then they still cannot go over 100% of their discretionary income, so presumptively anyone investing 5% to 25% of his income into bitcoin is working within his discretionary income.

It seems pretty whimpy to only invests 5% to 25% of your discretionary income. .but guys can do what they like, even whimpy things.

Many folks struggle to be able to save/invest 10% of their income. so presumptively they are saving/investing from their discretionary income, and someone who saves/invests 10% of his income might be saving/investing 60% to 80% of his discretionary income... perhaps.

Sometimes we might need to talk about an example.  Maybe a guy makes $2,000 a month, and he has around $1,000 a month in basic expenses, and then he might have another $300 a month in discretionary expenses, so then he might have $700 a month that is left, and he might put half of that into his bitcoin investment around $350 and the other half of $350 into his back up funds.  In that case he is investing only 17.5% of his income into bitcoin, but he is investing 35% of his discretionary income, and perhaps once his emergency funds are up to a high enough amount, then he might invest $700 per month into bitcoin, which is 70% of his discretionary income, but only 35% of his regular income (which might be a real hard goal to reach since many folks struggle to invest/save 10% of their income).

Yeah, I totally get where you're coming from and honestly think you're right about your perspective. The key isn't just about saying invest a certain percentage of your income, the real question should be, just as you rightly noted, what is really left with you after covering all the basics. The real decision making happens with the discretionary income. Some could decide to put 100% of that into accumulating Bitcoin, but he does this, there'll certainly be no room left for Emergency fund or unexpected things, and yeah, that could be considered to be leaning too far into risky, and in such a case, it'll be smarter to just hold back a little and readjust your approach.

I also believe that the example you gave about the guy earning $2000 income a month really helps to further make it more concrete. If $1k goes to essential expenses, $300 goes to some other things that are actually discretionary, which of course leaves him with around $700,  now the wise thing to do in this scenario would be to split it into two equal halves, one going to Buying Bitcoin and the other half goes into backup funds. This way, the approach is well balanced because this shows that he's simultaneously building his future as well as a safety net to fall back on, should incase an emergency occurs unexpectedly. And when his emergency funds is strong enough to carry at least 3 months worth of his living expenses, he can then make the necessary adjustments and even if he invests all $700 into Bitcoin, it wouldn't be seen as reckless any longer because he already have a safety net, should incase something unexpected comes up, rather, it could be seen as taking advantage of his financial stability.

Yeah, you're absolutely correct that a lot of people finds it hard to be able to save even up to 10% of their income. So if an individual decides to put in 17.5% into Bitcoin, when you look at it at first, it might seem like a really small amount, but when you also consider the fact that it is around 35% of his discretionary income, then the whole picture changes. That's far from being whimpy, on the contrary, it's a very disciplined approach.

[Jewan420]

Bitcoin investment certainly plays the most important role in our income source, but at the same time we will try to strengthen our Bitcoin investment even more. In this case, I want to tell you that in addition to the DCA method, you can add money to your Bitcoin investment in addition to some techniques that not everyone knows. For example, if you invest $ 70 a week, and you can save money from your personal frivolous expenses.
For example, you quit smoking, you go to the park and eat nuts with your girlfriend, drink alcohol, etc. You must see that you will save $ 30 to $ 40 at the end of the week. And you can add this saved money to your Bitcoin investment, and if you can invest (70 + 40) $ 110 a week, then you can definitely invest $ 5720 in Bitcoin at the end of the year.

I will talk about the opposite of bad habits and it is not a bad idea to save money by avoiding bad habits and investing in Bitcoin. However, I will still leave a person free with good habits. Avoiding bad habits is not only beneficial for investment, but to stay healthy and make our life happier, we should avoid bad habits and save some money so that you can work on improving your quality of life.

While investing in DCA for the long term, we should also focus on real life as well as investment and give equal importance. In order to save money, we should not avoid recreational activities in our life so that life becomes boring such as traveling with family, spending some money on hanging out with friends, buying equipment for sports or exercise or going to the movies. I am not against these expenses but encourage you to focus on such recreational activities along with investment.

While investing, you should not take any steps that make investment burdensome or make your life difficult. It may seem natural to think that if I save money by not hanging out with friends or saving money by not going on trips with family, it might be better for my investments and I would move faster towards my goals. But it is important to remember that money alone cannot make you happy.

[HajiBagi]

Over time now, I've got to learn on so many things regarding investment, we should not be influenced by our decision base on what others are doing , instead we should sit more tight to discover on how we could also adopt a strategy that may best fit in for our investment and then work on it until we made it a reality, many have been so entangled by what others are doing and they don't seem to understand what is ahead of them or expected of them to do at some point while investing.

Even though I understand the aspect of personalizing the investment process, I still think that learning what others are doing to see if it is ideal for you will save you a lot of time and stress of finding out through experience, because the people using those methods would freely share their experience thereby making this easier for you. Take for instance, majority of us are talking about and using the DCA method, you will do better to check if you can use same instead of going ahead to try to invent your own strategy. This is my understanding of how knowledge is supposed to be and even in the field of science, it follows similar pattern. You can add little improvements to it such as using hybrid system of DCA and buying the dip which means you did not completely jettison what is in existence but simply added little touch to it to make it more effective.

You are correct, because not everyone is aware of the DCA method in bitcoin. I believe there are still some people who are waiting for the price of bitcoin to fall before buying because they do not understand what the DCA method is and how it works. In addition to the DCA method, there are some things that must be learnt from people who are more knowledgeable about bitcoin in order to understand.

It is very important to learn from others who have knowledge about bitcoin, learning from others has been very beneficial for many people, most especially beginners who know about bitcoin and don't know the method on how to invest in bitcoin without having any doubts during the process, however, as an investor, you should have a good plan for yourself on how much you are going to invest in bitcoin and how capable you are to buy and hod for a long term. Someone cannot sit down and make a decision on bitcoin without first understanding some strategies from individuals who are knowledgeable about it.

[sotelorene]

Over time now, I've got to learn on so many things regarding investment, we should not be influenced by our decision base on what others are doing , instead we should sit more tight to discover on how we could also adopt a strategy that may best fit in for our investment and then work on it until we made it a reality, many have been so entangled by what others are doing and they don't seem to understand what is ahead of them or expected of them to do at some point while investing.

Even though I understand the aspect of personalizing the investment process, I still think that learning what others are doing to see if it is ideal for you will save you a lot of time and stress of finding out through experience, because the people using those methods would freely share their experience thereby making this easier for you. Take for instance, majority of us are talking about and using the DCA method, you will do better to check if you can use same instead of going ahead to try to invent your own strategy. This is my understanding of how knowledge is supposed to be and even in the field of science, it follows similar pattern. You can add little improvements to it such as using hybrid system of DCA and buying the dip which means you did not completely jettison what is in existence but simply added little touch to it to make it more effective.

You are correct, because not everyone is aware of the DCA method in bitcoin. I believe there are still some people who are waiting for the price of bitcoin to fall before buying because they do not understand what the DCA method is and how it works. In addition to the DCA method, there are some things that must be learnt from people who are more knowledgeable about bitcoin in order to understand.

It is very important to learn from others who have knowledge about bitcoin, learning from others has been very beneficial for many people, most especially beginners who know about bitcoin and don't know the method on how to invest in bitcoin without having any doubts during the process, however, as an investor, you should have a good plan for yourself on how much you are going to invest in bitcoin and how capable you are to buy and hod for a long term. Someone cannot sit down and make a decision on bitcoin without first understanding some strategies from individuals who are knowledgeable about it.

It is not like some people don't know about the DCA method they knew about it but the thing is that they want to buy a large portion of Bitcoin at a time and that is the reason why they are waiting for the Dip not knowing that, they are wrong by hoping for Bitcoin to Dip. And secondly some people see this method as a waste of time and they feel they can not be able to accumulate a good portion of Bitcoin because they have forgotten the power of consistency. Whatsoever thing one is doing and there is consistency in that particular thing there is no way that the folk won't do great or go far in that particular thing. A house can not be built a day so we can not build our portfolio a day or even a week. It is good to learn from people but you can not depend on there knowledge you have to grow yourself and with consistency you will began to gain more knowledge and insights.

[avp2306]

Even though I understand the aspect of personalizing the investment process, I still think that learning what others are doing to see if it is ideal for you will save you a lot of time and stress of finding out through experience, because the people using those methods would freely share their experience thereby making this easier for you. Take for instance, majority of us are talking about and using the DCA method, you will do better to check if you can use same instead of going ahead to try to invent your own strategy. This is my understanding of how knowledge is supposed to be and even in the field of science, it follows similar pattern. You can add little improvements to it such as using hybrid system of DCA and buying the dip which means you did not completely jettison what is in existence but simply added little touch to it to make it more effective.

You are correct, because not everyone is aware of the DCA method in bitcoin. I believe there are still some people who are waiting for the price of bitcoin to fall before buying because they do not understand what the DCA method is and how it works. In addition to the DCA method, there are some things that must be learnt from people who are more knowledgeable about bitcoin in order to understand.

It is very important to learn from others who have knowledge about bitcoin, learning from others has been very beneficial for many people, most especially beginners who know about bitcoin and don't know the method on how to invest in bitcoin without having any doubts during the process, however, as an investor, you should have a good plan for yourself on how much you are going to invest in bitcoin and how capable you are to buy and hod for a long term. Someone cannot sit down and make a decision on bitcoin without first understanding some strategies from individuals who are knowledgeable about it.

Yeah only few people know about it since there are lots of people want to trade for quick profits rather than doing long term holding on Bitcoin. Not all have long patience since they are scared about the future and don't have confident that great things will happen.

But usually this people regret especially Bitcoin hit its new all time high. Then those people HODL are earning good with those efforts they made.

It take lots of courage to HODL Bitcoin since its serious conviction. But its all worth it especially that we see the progress of Bitcoin even by now and hopefully these situation will be seen by those doubters and think about doing long term instead of selling early their Bitcoin.

[AYOBA]

One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to  make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.

There are some of your statements that are well, but not all, valid. We all know that it’s very important for each and everyone who comes to invest in the bitcoins to have a good structure planned so that they can be successful in their future investments, but there are some of your statements where you said that people must have success of income before they can invest in bitcoin. I disagree with that.

Because if we say that people most need a source of income before they can invest, I don’t think the number of people that are invested in will be that much, since only those that have the source of income can afford it. But when the investment is open for each and everyone who has interest to invest, the only thing that is important is the capital to start up the investment.

[Kagaru]

Bitcoin investment certainly plays the most important role in our income source, but at the same time we will try to strengthen our Bitcoin investment even more. In this case, I want to tell you that in addition to the DCA method, you can add money to your Bitcoin investment in addition to some techniques that not everyone knows. For example, if you invest $ 70 a week, and you can save money from your personal frivolous expenses.
For example, you quit smoking, you go to the park and eat nuts with your girlfriend, drink alcohol, etc. You must see that you will save $ 30 to $ 40 at the end of the week. And you can add this saved money to your Bitcoin investment, and if you can invest (70 + 40) $ 110 a week, then you can definitely invest $ 5720 in Bitcoin at the end of the year.

I will talk about the opposite of bad habits and it is not a bad idea to save money by avoiding bad habits and investing in Bitcoin. However, I will still leave a person free with good habits. Avoiding bad habits is not only beneficial for investment, but to stay healthy and make our life happier, we should avoid bad habits and save some money so that you can work on improving your quality of life.

While investing in DCA for the long term, we should also focus on real life as well as investment and give equal importance. In order to save money, we should not avoid recreational activities in our life so that life becomes boring such as traveling with family, spending some money on hanging out with friends, buying equipment for sports or exercise or going to the movies. I am not against these expenses but encourage you to focus on such recreational activities along with investment.

While investing, you should not take any steps that make investment burdensome or make your life difficult. It may seem natural to think that if I save money by not hanging out with friends or saving money by not going on trips with family, it might be better for my investments and I would move faster towards my goals. But it is important to remember that money alone cannot make you happy.

I think that you are quite right and you say something people should not forget. To invest more in Bitcoin by reducing unnecessary costs is reasonable, but it is imperative not to sacrifice the quality of life during the process. Little steps such as quitting bad habits can help to free up some more cash, but a trade-off with recreation can make living good and sustainable. DCA is most effective when it is consistent, and when you can use it in conjunction with mindful saving without feeling deprived, you have a higher chance to stick with it over the long term. It should be planned to be a consistent, disciplined investment and at the same time enjoy life financial growth and personal well being do not necessarily need to be antagonistic.

It is not like some people don't know about the DCA method they knew about it but the thing is that they want to buy a large portion of Bitcoin at a time and that is the reason why they are waiting for the Dip not knowing that, they are wrong by hoping for Bitcoin to Dip. And secondly some people see this method as a waste of time and they feel they can not be able to accumulate a good portion of Bitcoin because they have forgotten the power of consistency. Whatsoever thing one is doing and there is consistency in that particular thing there is no way that the folk won't do great or go far in that particular thing. A house can not be built a day so we can not build our portfolio a day or even a week. It is good to learn from people but you can not depend on there knowledge you have to grow yourself and with consistency you will began to gain more knowledge and insights.

You’ve made some really important points here, I also believe that it is worth learning other people, particularly when one is just beginning with Bitcoin since they will save time and mistakes that are usually expensive to make. Strategies such as DCA have been shown to be effective, however, most individuals overlook them and expect to time the market or wait until the market prices fall and it rarely happens as intended. Stability is the actual one. It is the little, frequent purchases in the long run that multiply and create a good portfolio, as you mentioned, a house is not built in a day. Watching others will help, but in the long run, the only way to make it work is by designing a plan yourself and following it through.

[Onyeeze]

It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.

You seems to have forgotten that buying aggressively does not necessarily mean that you must be a business man or woman, Moreover you're not investing from your business funds but from your discretionary income if your discretionary income is enough for you to start attempting to buy aggressively then you have every right to do so, but should be done according to the size of your discretionary income and not going extra mind just so that you can engage yourself into aggressive buying of bitcoin going about it this way is very wrong but once you're investing according to the level of your discretionary income even if you choose to buy aggressively I don't see anything wrong with that but is always advised to stay within your line and not crossing it.

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment .  However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.

One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to  make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.

investment is all about your decision and the objective for investment everyone knows he or her target for any investment and before you go into investment you have look into your capital capability before their investment movements commence, so those ones who does not have a reserve before then go into investment are the one that always been affected for cryptocurrency investment and all that kind of investment at most, so having a reserve will you make you more to be that much excited in any investment you are into except that you have not invested before, anyone who want to make a profit for investment that person should use a reserved capital to invest knowing that no matter the duration of the investment it will not affect you but anyone who uses his main capital to invest that person will not have a rest of mind because it will have the fear of losing what it invested

[Lembo69]

It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.

You seems to have forgotten that buying aggressively does not necessarily mean that you must be a business man or woman, Moreover you're not investing from your business funds but from your discretionary income if your discretionary income is enough for you to start attempting to buy aggressively then you have every right to do so, but should be done according to the size of your discretionary income and not going extra mind just so that you can engage yourself into aggressive buying of bitcoin going about it this way is very wrong but once you're investing according to the level of your discretionary income even if you choose to buy aggressively I don't see anything wrong with that but is always advised to stay within your line and not crossing it.

Correct me sir if I am wrong about aggressive buying of bitcoin.  As a newbie this what I think about aggressive buying of bitcoin,I think if you're buying Bitcoin within the limit of your discretional income,then you're not aggressively buying bitcoin. Aggressively buying of bitcoin is when you're buying Bitcoin outside of your discretional income and at that points of going aggressive, you're no longer investing but gambling with your bitcoin investment .  However going aggressive isn't bad if you're not overdoing it, by knowing when to stop is just fine.

Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.

Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.

One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to  make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.

investment is all about your decision and the objective for investment everyone knows he or her target for any investment and before you go into investment you have look into your capital capability before their investment movements commence, so those ones who does not have a reserve before then go into investment are the one that always been affected for cryptocurrency investment and all that kind of investment at most, so having a reserve will you make you more to be that much excited in any investment you are into except that you have not invested before, anyone who want to make a profit for investment that person should use a reserved capital to invest knowing that no matter the duration of the investment it will not affect you but anyone who uses his main capital to invest that person will not have a rest of mind because it will have the fear of losing what it invested

Your investment depends on your plan. Will you invest short term or long term. Therefore, your plan will show you the ability. An ideal investor who really knows about Bitcoin will never be willing to invest short term. You should have a plan for long term investment of at least 10 years. Invest with the money that will not affect your investment. However, before investing, you need to remember and create some things. That is an emergency fund. If you do not have the full amount to buy Bitcoin, you can still buy it, but step by step through the DCA strategy.
I hope the DCA strategy will be profitable for you. Because DCA is a method that will create an opportunity for you to buy regularly. You just set a fixed time. Buy investments weekly or monthly. If you can be persistent in investing, maybe success can come. So buying at any market price without waiting for the market downturn will be negative.

[Y3shot]

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?

Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin. If you don't understand it, you will always have problems with when to buy Bitcoin and when to sell. There is no perfect time to buy Bitcoin; you can always buy Bitcoin at any time, and if you do, you need to hold it for the long term. If you have made a good profit while holding, it is up to you to decide when to sell.

[HausaBitCkk]

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?

Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin. If you don't understand it, you will always have problems with when to buy Bitcoin and when to sell. There is no perfect time to buy Bitcoin; you can always buy Bitcoin at any time, and if you do, you need to hold it for the long term. If you have made a good profit while holding, it is up to you to decide when to sell.

You should prepare for the long term to invest in Bitcoin, I agree with you, volatility is the natural feature of Bitcoin, almost new investors who are waiting for Bitcoin to fall at the present time to invest on the other hand when they make such mistakes to invest then they lag behind over time where Bitcoin price is on the rise on the other hand if Bitcoin price is on the dumping side then they look for better opportunities, but they always try to catch the highest or lowest in the market to invest in Bitcoin but in reality which is almost impossible, so instead of wasting their valuable time, they can move forward slowly using DCA strategy to move their investment forward at the present time.