Buy Buy Buy or Sell Sell Sell?

[GIF-JOBS]

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.

When an investor understands these volatility issues, he will definitely be able to hold Bitcoin for the long term. To achieve success from Bitcoin investment, one must first change one's mindset, since it is a volatile asset, so to hold the investment effectively here, one must prepare a mindset to avoid volatility. Bitcoin never dumps permanently, it dumps for a short period of time due to volatility, so it is not a matter of panic, but if someone does not understand this, then he can easily panic at such times and put Bitcoin investment at risk by making wrong decisions. Therefore, it is definitely necessary to gain general knowledge about Bitcoin so that at least one can understand this volatility and never make the wrong decision to sell the investment.

[Loyang]

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.

Your comment is very misleading. An investor never needs to understand the volatility of Bitcoin to invest. Only if a person has basic knowledge about Bitcoin and a source of discretionary income can that person invest. If a person waits to understand the volatility of Bitcoin to invest, it will never be right. It is never possible for anyone to understand the volatility of Bitcoin. No one can ever say when and why the price of Bitcoin will rise and fall.

An investor will never wait for the price of Bitcoin to fall. An investor will prefer to continue buying continuously with his source of discretionary income. A trader is worried about the price of Bitcoin to fluctuate. Investing is a long-term investment, such as a period of 5 to 10 years. If a person waits for the price of Bitcoin to fall, he may fall far short of his portfolio goals. Many buying opportunities may be missed. Therefore, it is never a good idea to wait for the price to drop. An investor should always continue to buy consistently, adopting the DCA method.

[Skydrill]

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

I think this is just a natural phenomenon that is common amongst humans, nobody appreciates anything unless it has great value and same can be applied to Bitcoin, everybody wants to buy only when the value has appreciated but for me I do not think it is a pretty smart move to buy the Bitcoin only when it appreciates but would also buy when the price is also low too because you can't really predict when the price may start going up

[I_Anime]

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.

When an investor understands these volatility issues, he will definitely be able to hold Bitcoin for the long term. To achieve success from Bitcoin investment, one must first change one's mindset, since it is a volatile asset, so to hold the investment effectively here, one must prepare a mindset to avoid volatility. Bitcoin never dumps permanently, it dumps for a short period of time due to volatility, so it is not a matter of panic, but if someone does not understand this, then he can easily panic at such times and put Bitcoin investment at risk by making wrong decisions. Therefore, it is definitely necessary to gain general knowledge about Bitcoin so that at least one can understand this volatility and never make the wrong decision to sell the investment.

Is a simple logic when bitcoin deep in value your bitcoin will also decrease in value but not in number. So when bitcoin decrease there is no need for one to be scared or panic aslong is bitcoin, because your stash will remain there no matter how the value the dip your stash will remain same as long you don't sell from it .

And you can even gain more if you buy when the price is down , which will increase your stash more because you are buying at lower price rate . Which may increase your return in a long run but to hold for long one had to be well disciplined.

[Y3shot]

Your comment is very misleading. An investor never needs to understand the volatility of Bitcoin to invest. Only if a person has basic knowledge about Bitcoin and a source of discretionary income can that person invest.

If you don't understand Bitcoin volatility, even with a source of income and discretionary income, you would still find Bitcoin difficult to invest in. There are people who have income and discretionary income who find it difficult to invest, and those who try to invest when the price of Bitcoin falls may panic and sell at a loss; this is because they lack understanding.

Understanding is the principal thing when it comes to Bitcoin investment. When you have this understanding, you will know what to do with your income and discretionary income. However, when the understanding is not there, you will be confused; even if you try to invest in Bitcoin, you will be uncertain about what to do, especially when the Bitcoin price drops.

[HausaBitCkk]

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.

We all have income and some have a lot of that income while some have nothing because the main reason for this is waste. Many people think that they are spending according to their income because they can do it, but they can now be quite aware of this because they can prepare for their retirement life from the present time. You can bring the right changes in your life only when you spend your income properly, on the other hand, you will lose your money due to all the waste that you will be involved in, so you can cut down your unnecessary expenses and invest in Bitcoin which can bring security to your retirement life, but although there is no guarantee of this, in terms of the money you waste which you will completely lose, if you invest in Bitcoin from it and do it long term with full confidence in it, then you can increase your wealth several times in the future and you can bring security to your retirement life.

[yixichloro2xx]

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.

Then maybe it makes more sense to look at it from the angle of “how much of your free money is safe to commit” rather than just saying 10% or 20% of income. Someone might only be putting 15% of their salary into Bitcoin, but when you check, that is actually 40% of what they have got left after bills, rent and food. That is a big difference compared to the way most people think about it.

The problem comes when people throw in 100% of their free money with nothing kept aside for emergencies. Sure, it sounds brave, but when life hits with hospital bills, rent hikes, or job issues, they will have no choice but to sell at the wrong time. On the flip side, being too careful and only stacking a tiny amount when you could afford more ends up slowing progress unnecessarily. That is why having that split some into Bitcoin, some into backup funds actually makes the whole plan workable. You are still growing your stack but also protecting yourself from being forced out of the game.

[Stable090]

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 are investing, you are suppose to know about what you are investing in, it’s not just going to make sense that you making investment, and you don’t have proper knowledge about what you investing in, and as long as you are doing research about bitcoin investment, then you will definitely come across bitcoin volatility.

After investing and you discover that the coin price drops, all you need to do is just to hold, what’s dropping is just the value of the coin, but the amount of the coin which you are holding is still the same, so even if bitcoin price crashes, all you need to do is just to hold, with time the price will bounce back. Most people do panic when bitcoin price drops, but I don’t see anything to panic about, that’s why when investing, our target should always be a long term target. If you are holding for long term, all the market slight changes in the market won’t really disturb you.

[HausaBitCkk]

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 are investing, you are suppose to know about what you are investing in, it’s not just going to make sense that you making investment, and you don’t have proper knowledge about what you investing in, and as long as you are doing research about bitcoin investment, then you will definitely come across bitcoin volatility.

After investing and you discover that the coin price drops, all you need to do is just to hold, what’s dropping is just the value of the coin, but the amount of the coin which you are holding is still the same, so even if bitcoin price crashes, all you need to do is just to hold, with time the price will bounce back. Most people do panic when bitcoin price drops, but I don’t see anything to panic about, that’s why when investing, our target should always be a long term target. If you are holding for long term, all the market slight changes in the market won’t really disturb you.

This is only possible for new investors because they invest large amounts considering the profitable aspects of Bitcoin and later when the price of Bitcoin is dumped, they panic and sell Bitcoin and as a result they suffer more financially, but experienced investors are familiar with this because they will not panic when they see small market declines, new investors should start small, if they think that investing with large amounts of money will bring big profits, they should have enough experience in this regard because in the case of new investors, if they pour their entire money into Bitcoin, they will panic when they see small losses, so they will be willing to sell Bitcoin, on the other hand if they use the DCA strategy and invest slowly, they will be able to continue investing for a long time, so they will gain experience and they will see their small investments become heavy.

[Skydrill]

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?

That's just the nature of coins, they are either appreciating or depreciating in value, never stable but always fluctuating which is why those who study the market with keen interest always find it easy to predict when there may be a possible rise in value, and that why it is also important to always study market before buying any coin, I think this is one strategy that many people neglect whenever they intend to invest in Bitcoin.

[Kaliandra]

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 .

Absolutely true, the point is, if we want to accumulate BTC, the most important thing is that our real-world income must be good and consistent. Of course, if our income is inconsistent and doesn't increase in the real world, it will certainly hinder our DCA system. However, in my opinion, there are many ways to invest in BTC. Of course, we don't need to use the DCA system if we don't have a steady income. The most important thing is that when we have money we can afford to lose, we can buy BTC.

Of course, having the desire to invest in BTC for the long term is a good value because there are certainly quite a few wealthy people who are not interested in investing in BTC. So, of course, if we want to invest in BTC, buy BTC with money we can afford to lose and save it for the long term. So, the point is, we shouldn't experience losses in the real world because we invest in BTC. So, in essence, BTC is just a side business.

[Chato1977]

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.

Yes, and that is the first thing that we need to learn too, that the price of Bitcoin is unstable. But given that fact, there are ways that we can take advantage of it. If the price goes down, then that is the perfect opportunity to buy. And I think that's what separate BTC to the rest of assets, it will really test our patience, but if you were able to get over with it, then at the end, it's going to be rewarding.That's why we have this HODL mentality, the thought that no matter what the market is showing us, we shouldn't be deter but keep on buying and doing DCA and look at the long term, (at least a full cycle). And don't let volatility affect you, it's not your enemy, on the contrary it teaches you to become a good investor specially in the long run.

[JayJuanGee]

[edited out]

Liked how you broke this whole thing down with the numbers and examples, because a lot of people just say invest in Bitcoin without really understanding the context of the whole money division and where the money is supposed to come from.  At the end of the day, it is that leftover cash after bills and survival that really matters. Like you said If someone is earning $2k and has about $700 left, the way he spreads that $700 tells a lot about his priorities. Some might say throwing 70% of your leftover cash into Bitcoin is kind of too much, but for me putting just 5 to 10% looks too safe….   Personally, to be honest, I do feel okay with 40-60% then sometimes maybe 70%, I will dare not put above 80% or 100% of my discretionary income, reason because I feel more secure having left over cash at hand just because of minor unexpected expenses and responsibilities that I know will always come around..    But the truth is both sides can win depending on how consistent and disciplined they are. I do not even think it is fair to look down on the smaller investors, because honestly, even putting 5-10% every month over years adds up big time with Bitcoin. For me, the real thing is not trying to compete with who goes all in, but making sure I am consistent and not breaking myself in the process.

I agree that investing 5% to 10% of your income into bitcoin can end up adding to a lot of money, especially relative to a lot of folks who never hardly put anything into investing and/or savings, and even if they might save for a few months or a few years, they are not building it up in reasonable ways since they might just save up for a year or  two  so that they can buy a car or a cell phone or a computer or to go on a trip to some far away location.  

These are not necessarily good habits, and I even made some of the same mistakes with some of my own practices since ever since I was very young, and I started to live on my own and to support myself (meaning no longer living with my parents and/or getting support from them), I had learned some personal financial management practices, where I pretty much forced myself to engage in various kinds of savings/investments of at least 10% of my income - however, I recall tapping into it a few times when I was younger, which actually caused a large loss of progress on several occasions, and I did not realize it.  I also did not have as good of places to put money as bitcoin, yet part of the problem is that there are temptations to spend or maybe to not have to work as much, so the savings/investments end up either getting overly depleted but also it does not build up enough or get put into assets that are productive (and/or growth oriented). Sure we did not have bitcoin during my first 20-ish years of investing, so I am not sure if bitcoin could have had fixed some of my faulty thinking in regards to wanting to benefit from my investment way sooner than waht is overall prudent and even profitable in a future-oriented way so that I probably could have had gotten to fuck you status way earlier than I did... but mistakes are frequently made with a lot of folks in terms of needing to learn how to invest, how to manage finances and how to defer gratification.

Part of the problem with 5% to 10 % is that it will take 10 to 20 years to merely invest 1 year's income into bitcoin (or whatever it is that is being bought), and the other problem is that guys are going to be tempted to tap into it too soon or to slow down in their accumulation of it too soon since they will perceive themselves as having had made a lot of money whether or not the asset (bitcoin in this case) appreciates, and if the asset ends up appreciating, then it can be even more challenging to keep the person investing rather than either selling too much too early or slowing down in his ongoing accumulation.

One of the great things about bitcoin is that it gives a place to focus, even though people can still get distracted and mislead by its past performance to slow down in their accumulation and/or to sell too much too soon.

Surely, investing something like 5% to 10% of a guys income into bitcoin is better than nothing, and guys have to figure out how much is comfortable for them in terms of is it not too whimpy.. and sometimes concerns that maybe they might want to lean towards more aggressive investing, yet if they are a bit uncomfortable, sometimes they can slow down in their ongoing bitcoin accumulation instead of stopping and/or selling..

And the truth is, situations differ. A young single guy for instant can afford to be more aggressive than someone with kids or a family counting on him.

Of course quantity of discretionary income helps for a guy to invest with more money, yet I would suggest that level of aggressiveness has to do with what level a guy chooses within his discretionary income.

The reason that a married guy with kids might not have as much abilities to invest as aggressively has to do with the various extra expenses that he has related to his family, but he an still choose his level of his aggressiveness in regards to his bitcoin investment within whatever income that he has, and yeah, maybe he has to set aside more for expenses and/or set more aside for possible expenses that he does not know about.. and so the various extra unknowns contributes towards his abilities to be as aggressive as the single guy, in the event that we are presuming that they have similar incomes yet differing levels of expenses.  

There might be some employers who might purposefully choose to give extra money to guys with similar skills based on their having families, so sometimes the person with the family might be able to make more money than the single guy, and surely the opposite can happen too.  Some employers might specifically prefer hiring young single folks because they are more flexible in their abilities to take assignments, yet maybe by the time they get into their 30s and 40s, employers might expect them to have families and so sometimes it might not be straight-forward regarding which similarly situated employee might be able to get ahead with the amount of income that he might early based on his marital and/or familial status.

Because this is not some one size fits all plan. The goal for me is not to panicked and sell off, which will basically kills the whole point of holding, so I’m trying to be careful and a bit still aggressive with what I put in Bitcoin..

For sure, you are making a good point regarding your own creation of a bitcoin investment plan that is purposefully holding back some of your income so that you can put that income into other things, whether investments or merely holding some back for reserve funds (that might have various reasons for holding) and/or that you purposefully consume other things that may or may  not pay off except to make you happy to consume them.

After 4-10 years or longer, the guy who is able to figure out a balance in which he has either accumulated enough bitcoin or he might still be in the process of accumulating bitcoin, and he may well be better off as compared to the guy who took too many risks and/or was more aggressive than he could sustain, so guys who are getting into bitcoin now are likely going to be way better off to have bitcoin 4-10 years or longer (maybe even 20-30 years down the road, as compared with the guy who might have not realized that he was being overaggressive, even though he thought that he was being fine, but there are surely some guys who put a lot into bitcoin financially and emotionally, and they might not be ready, willing and/or able to go through the downside periods because they had overly invested in a way that was not financially and/or psychologically sustainable.

Even though some of us might regret our own chosen level of bitcoin accumulation, the fact of the matter is that each of us has to figure the level of aggressiveness out for ourself, since it is quite likely to be better to be a guy who has 1-2 bitcoin 15 years down the road, rather than being a guy who ends up having either no coins or perhaps only having 0.1-0.2 BTC because he screwed up too many times and either ended up not buying on a regular basis and/or that he ended up selling too many coins too soon.  

I think that you have the right ideas Mr_Brilliant$, including our own needs to assess and to reassess from time to time, and even our needs to attempt to learn from the various mistakes that we are likely to make along the way.. so if we are making various adjustments and trying to stay in the game, then we are likely going to figure out ways to end up profiting way more from our having had gotten into bitcoin (and our giving some priorities to bitcoin investing and/or maintenance) as compared with if we had not gotten into bitcoin and learned about investing and the various kinds of special aspects of cashflow management practices that help us to be better bitcoin investors.

[Miramax12]

[edited out]

Liked how you broke this whole thing down with the numbers and examples, because a lot of people just say invest in Bitcoin without really understanding the context of the whole money division and where the money is supposed to come from.  At the end of the day, it is that leftover cash after bills and survival that really matters. Like you said If someone is earning $2k and has about $700 left, the way he spreads that $700 tells a lot about his priorities. Some might say throwing 70% of your leftover cash into Bitcoin is kind of too much, but for me putting just 5 to 10% looks too safe….   Personally, to be honest, I do feel okay with 40-60% then sometimes maybe 70%, I will dare not put above 80% or 100% of my discretionary income, reason because I feel more secure having left over cash at hand just because of minor unexpected expenses and responsibilities that I know will always come around..    But the truth is both sides can win depending on how consistent and disciplined they are. I do not even think it is fair to look down on the smaller investors, because honestly, even putting 5-10% every month over years adds up big time with Bitcoin. For me, the real thing is not trying to compete with who goes all in, but making sure I am consistent and not breaking myself in the process.

I agree that investing 5% to 10% of your income into bitcoin can end up adding to a lot of money, especially relative to a lot of folks who never hardly put anything into investing and/or savings, and even if they might save for a few months or a few years, they are not building it up in reasonable ways since they might just save up for a year or  two  so that they can buy a car or a cell phone or a computer or to go on a trip to some far away location.  

These are not necessarily good habits, and I even made some of the same mistakes with some of my own practices since ever since I was very young, and I started to live on my own and to support myself (meaning no longer living with my parents and/or getting support from them), I had learned some personal financial management practices, where I pretty much forced myself to engage in various kinds of savings/investments of at least 10% of my income - however, I recall tapping into it a few times when I was younger, which actually caused a large loss of progress on several occasions, and I did not realize it.  I also did not have as good of places to put money as bitcoin, yet part of the problem is that there are temptations to spend or maybe to not have to work as much, so the savings/investments end up either getting overly depleted but also it does not build up enough or get put into assets that are productive (and/or growth oriented). Sure we did not have bitcoin during my first 20-ish years of investing, so I am not sure if bitcoin could have had fixed some of my faulty thinking in regards to wanting to benefit from my investment way sooner than waht is overall prudent and even profitable in a future-oriented way so that I probably could have had gotten to fuck you status way earlier than I did... but mistakes are frequently made with a lot of folks in terms of needing to learn how to invest, how to manage finances and how to defer gratification.

Part of the problem with 5% to 10 % is that it will take 10 to 20 years to merely invest 1 year's income into bitcoin (or whatever it is that is being bought), and the other problem is that guys are going to be tempted to tap into it too soon or to slow down in their accumulation of it too soon since they will perceive themselves as having had made a lot of money whether or not the asset (bitcoin in this case) appreciates, and if the asset ends up appreciating, then it can be even more challenging to keep the person investing rather than either selling too much too early or slowing down in his ongoing accumulation.

One of the great things about bitcoin is that it gives a place to focus, even though people can still get distracted and mislead by its past performance to slow down in their accumulation and/or to sell too much too soon.

Surely, investing something like 5% to 10% of a guys income into bitcoin is better than nothing, and guys have to figure out how much is comfortable for them in terms of is it not too whimpy.. and sometimes concerns that maybe they might want to lean towards more aggressive investing, yet if they are a bit uncomfortable, sometimes they can slow down in their ongoing bitcoin accumulation instead of stopping and/or selling..

And the truth is, situations differ. A young single guy for instant can afford to be more aggressive than someone with kids or a family counting on him.

It is very important to look at the whole picture when it comes to investing, especially with something like Bitcoin throwing a percentage of your leftover cash after all the essentials are covered really shows how you prioritize your financial goals. i love how you pointed out that even small consistent investments like 5-10% can grow massively over time discipline and consistency often beat try to go all in and risking burnout or unexpected expenses. it is all about finding that balance where you feel secure but also stay committed to growing your wealth. honestly there is no one size fits all here, what matters is knowing your own risk tolerance and sticking to what works for you without comparing to others

Of course quantity of discretionary income helps for a guy to invest with more money, yet I would suggest that level of aggressiveness has to do with what level a guy chooses within his discretionary income.

The reason that a married guy with kids might not have as much abilities to invest as aggressively has to do with the various extra expenses that he has related to his family, but he an still choose his level of his aggressiveness in regards to his bitcoin investment within whatever income that he has, and yeah, maybe he has to set aside more for expenses and/or set more aside for possible expenses that he does not know about.. and so the various extra unknowns contributes towards his abilities to be as aggressive as the single guy, in the event that we are presuming that they have similar incomes yet differing levels of expenses.  

There might be some employers who might purposefully choose to give extra money to guys with similar skills based on their having families, so sometimes the person with the family might be able to make more money than the single guy, and surely the opposite can happen too.  Some employers might specifically prefer hiring young single folks because they are more flexible in their abilities to take assignments, yet maybe by the time they get into their 30s and 40s, employers might expect them to have families and so sometimes it might not be straight-forward regarding which similarly situated employee might be able to get ahead with the amount of income that he might early based on his marital and/or familial status.

Because this is not some one size fits all plan. The goal for me is not to panicked and sell off, which will basically kills the whole point of holding, so I’m trying to be careful and a bit still aggressive with what I put in Bitcoin..

For sure, you are making a good point regarding your own creation of a bitcoin investment plan that is purposefully holding back some of your income so that you can put that income into other things, whether investments or merely holding some back for reserve funds (that might have various reasons for holding) and/or that you purposefully consume other things that may or may  not pay off except to make you happy to consume them.

After 4-10 years or longer, the guy who is able to figure out a balance in which he has either accumulated enough bitcoin or he might still be in the process of accumulating bitcoin, and he may well be better off as compared to the guy who took too many risks and/or was more aggressive than he could sustain, so guys who are getting into bitcoin now are likely going to be way better off to have bitcoin 4-10 years or longer (maybe even 20-30 years down the road, as compared with the guy who might have not realized that he was being overaggressive, even though he thought that he was being fine, but there are surely some guys who put a lot into bitcoin financially and emotionally, and they might not be ready, willing and/or able to go through the downside periods because they had overly invested in a way that was not financially and/or psychologically sustainable.

Even though some of us might regret our own chosen level of bitcoin accumulation, the fact of the matter is that each of us has to figure the level of aggressiveness out for ourself, since it is quite likely to be better to be a guy who has 1-2 bitcoin 15 years down the road, rather than being a guy who ends up having either no coins or perhaps only having 0.1-0.2 BTC because he screwed up too many times and either ended up not buying on a regular basis and/or that he ended up selling too many coins too soon.  

I think that you have the right ideas Mr_Brilliant$, including our own needs to assess and to reassess from time to time, and even our needs to attempt to learn from the various mistakes that we are likely to make along the way.. so if we are making various adjustments and trying to stay in the game, then we are likely going to figure out ways to end up profiting way more from our having had gotten into bitcoin (and our giving some priorities to bitcoin investing and/or maintenance) as compared with if we had not gotten into bitcoin and learned about investing and the various kinds of special aspects of cashflow management practices that help us to be better bitcoin investors.

It is very important to look at the whole picture when it comes to investing, especially with something like Bitcoin throwing a percentage of your leftover cash after all the essentials are covered really shows how you prioritize your financial goals. i love how you pointed out that even small consistent investments like 5-10% can grow massively over time discipline and consistency often beat try to go all in and risking burnout or unexpected expenses. it is all about finding that balance where you feel secure but also stay committed to growing your wealth. honestly there is no one size fits all here, what matters is knowing your own risk tolerance and sticking to what works for you without comparing to others.

[G_Besar]

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?

You also need to know what coin the person bought so you can give them more informed advice and so you can make more informed decisions yourself. If the coin you're talking about is a regular coin, or in other words, an altcoin, I think it's okay for them to sell immediately once they see a more substantial profit. However, if they bought Bitcoin, it's best not to sell at this current price, as Bitcoin's price will still explode this year or next, as predicted by a supercycle. So, you need to know what coin the person bought, because not all coins will have the same fate as Bitcoin and shouldn't be compared to Bitcoin.

That's just the nature of coins, they are either appreciating or depreciating in value, never stable but always fluctuating which is why those who study the market with keen interest always find it easy to predict when there may be a possible rise in value, and that why it is also important to always study market before buying any coin, I think this is one strategy that many people neglect whenever they intend to invest in Bitcoin.

To invest in Bitcoin, I don't think it's necessary to study the market extensively because market conditions are always changing over time. What investors looking to invest in Bitcoin need to know are the facts that have occurred in Bitcoin in the past. After a price correction, Bitcoin always shows a much larger price increase due to the increasing number of Bitcoin buyers and enthusiasts over time. So, there's no need to waste more time studying the market, even though everyone should know this. However, once we understand the factors that can influence the market, we should be enthusiastic enough to continue investing in Bitcoin, rather than being afraid to invest just because of short-term declines and increases.

[ZeroVinsonN]

This is only possible for new investors because they invest large amounts considering the profitable aspects of Bitcoin and later when the price of Bitcoin is dumped, they panic and sell Bitcoin and as a result they suffer more financially, but experienced investors are familiar with this because they will not panic when they see small market declines, new investors should start small, if they think that investing with large amounts of money will bring big profits, they should have enough experience in this regard because in the case of new investors, if they pour their entire money into Bitcoin, they will panic when they see small losses, so they will be willing to sell Bitcoin, on the other hand if they use the DCA strategy and invest slowly, they will be able to continue investing for a long time, so they will gain experience and they will see their small investments become heavy.

Investments should always be done with our discretionary income and how much of the discretionary is invested into bitcoin depends on the investor, whether you decide to pour all of your discretionary income into bitcoin or you decide to invest a certain percentage of it into bitcoin is your choice as an investor but you should never invest with money outside of your discretionary income, this is where the financial mistakes start to build up.
Anyone who wants to invest in bitcoin needs to know that they should invest with their discretionary income, this knowledge helps  prevent them from selling their bitcoin too early and this is also where the emergency fund comes in, saving up for emergency situations gives a certain level of financial security to the investor as they can handle unexpected situations that might need to money to take care of.

[Hridyansh Labs]

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?

You are absolutely right that it is important to know which currency you are buying first because the up/down and future prospects of each coin are not the same. A few times, we buy or sell suddenly due to market emotions, which later turns into regret. If it is BTC (Imagine Bitcoin), then it is normal for the price value to fluctuate in the short term. There have always been big corrections or dips in the history of Bitcoin, but in the long term, it is usually upward. Especially when there is a possibility of a halving cycle or super cycle in the market. It is often profitable to hold patiently. So it is better not to buy/Sell in a hurry here.

On the other hand...
If it is an altcoin (ETH, SOL, ADA...) and many coins, then the strategy is a little different. The price of altcoins is much more volatile than that of bitcoin. Usually, if an altcoin gives a profit of 20-30% or more from your entry price, then it is wise to sell gradually. Because many altcoins can rise sharply in the market at one time but later collapse.

The most important thing is to make decisions through technical analysis (TA). (TA means that technical analysis) Identify support and resistance levels. Try to understand the strength of buyers and sellers by looking at volume analysis.

At last, we know that DOYR is a very important part of our cryptocurrency. It is very important to do your own research (DYOR - Do Your Own Research) while making your own decisions and not just going by someone's advice. Because emotion or hype in the market can often lead you in the wrong direction. Good results can be achieved only through patience, correct information, and risk management.

[Dareo]

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.

Agree, It all comes down to discipline and planning. Aggressive buying only makes sense within the confines of your discretionary income and from a well-thought-out plan. Especially with how fickle the market can be, Bitcoin requires some patience and a realistic perspective, and it can stress you out and you might end up wasting money if you go in with money you need. Like DCA, regular accumulation along with a good emergency fund will help keep you in the game for the long-term without putting your finances at risk. In addition, it's important to have a solid source of income otherwise, all good strategies break down. Educating yourself, being patient, and following a plan will typically beat the desire to chase quick returns.

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.

In particular, learning from others will save a tonne of trial and error, when it comes to Bitcoin. Instead of having to invent the wheel, you can get ideas from how experienced investors combine DCA with buying the dip, or with other minor adjustments. At the same time, it's important to have the right personal plan according to your financial capacity and long-term goals. Remember, long-term and multi-market trading support customer confidence, patience, and conviction for a strategy to pay off, and that chasing the adrenaline rush of quick profits has often ended in regret.

Your comment is very misleading. An investor never needs to understand the volatility of Bitcoin to invest. Only if a person has basic knowledge about Bitcoin and a source of discretionary income can that person invest.

If you don't understand Bitcoin volatility, even with a source of income and discretionary income, you would still find Bitcoin difficult to invest in. There are people who have income and discretionary income who find it difficult to invest, and those who try to invest when the price of Bitcoin falls may panic and sell at a loss; this is because they lack understanding.

Understanding is the principal thing when it comes to Bitcoin investment. When you have this understanding, you will know what to do with your income and discretionary income. However, when the understanding is not there, you will be confused; even if you try to invest in Bitcoin, you will be uncertain about what to do, especially when the Bitcoin price drops.

Having the money isn't everything, however, unless the Bitcoin investor gets an adequate understanding of the Bitcoin's behaviour, particularly its buzz, then even the most experienced investor may blunder. Having an idea of knowing what to expect from price swings will help you to stick to the plan, not panic sell and make a more rational decision with your funds. It's not just about having money to invest, it's about pairing that money with knowledge and strategy in order to remain consistent and confident for the long term.

[Popkon6]

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?

That's just the nature of coins, they are either appreciating or depreciating in value, never stable but always fluctuating which is why those who study the market with keen interest always find it easy to predict when there may be a possible rise in value, and that why it is also important to always study market before buying any coin, I think this is one strategy that many people neglect whenever they intend to invest in Bitcoin.

If you invest in Bitcoin according to the DCA method, you can definitely invest with more certainty in the future. Because people in almost all countries of the world trust Bitcoin, but Bitcoin plays the most attractive and most important role in getting the highest benefits and being economically successful in the future. The more you push yourself into Bitcoin, the more success you will achieve.
Focus only on buying Bitcoin because you will definitely get the highest success, by buying Bitcoin you will get success in a short time and the longer you wait, the more success you will get. Investing in Bitcoin is most profitable in the long term than in the short term, that is why investing in Bitcoin according to the DCA method definitely makes it easier to keep it for a long time.

[Silikiem]

However, before investing, you need to remember and create some things. That is an emergency fund.

The Emergency funds is an essential part of our bitcoin investment plan. However, it’s not mandatory that before you start accumulating and investing in bitcoin you must have an Emergency funds, not having an already established emergency funds shouldn’t stop you from getting started in your bitcoin investment journey as you can always create an emergency funds along side while accumulating bitcoin. The most important thing is for you to be able to figure out a discretionary income to use and accumulate and invest in bitcoin to hold for the long term goal, and as time goes on you can be able to set some money aside for your emergency funds which will help you to keep your bitcoin investment afloat and not tend to selling your holdings for an emergency situation that requires cash to solve.

So buying at any market price without waiting for the market downturn will be negative.

I don’t seem to get what you mean by negative in buying at any market price. Because in my own experience I’ve got to understand that when you’re consistently accumulating bitcoin without waiting for the market downturn is a really good approach towards helping you to gradually build up your portfolio and of course yield a positive impact in the future of your investment. Waiting for a market downturn before you accumulate bitcoin will only result to some negative impact in building up your portfolio as it will generally slow you down and you might end up not being able to continue your investment.