Buy Buy Buy or Sell Sell Sell?

[LokhcfyBit]

It's not a most to have your emergency funds and other backup funds available before you can start your bitcoin investment. You only need your discretionary income to get started and build your emergency funds simultaneously with your bitcoin investment when you have started buying bitcoin. Instead of waiting to build your backup funds, you should get started immediately because waiting is a wrong strategy and you will end up acquiring little bitcoin expensively compared to when you start right away without your emergency funds.

I agree with you, it’s not a must to have an emergency fund before starting an investment. That’s where many people get it wrong. They assume that because Bitcoin is always changing in price, they must first have an emergency fund before beginning their journey. But it doesn’t really work that way, what is more important is having discretionary income, so we can keep investing regularly. If we wait until everything is perfect, we may end up buying at an even higher price.

It’s not about starting perfectly, it’s about starting somewhere, from there we can gradually build an emergency fund while still accumulating Bitcoin. If we overthink the price and delay because we want backup funds first, we might miss opportunities. Nobody knows whether the price will dip or rise tomorrow, so the best method is to start with what we can and grow gradually as you’re investing.

I agree with you, because you know how much money is left from your earned money and you should avoid spending or wasting it unnecessarily because by keeping these off you will be able to invest in Bitcoin and on the other hand meet the basic needs of your family, you can start small investments as the price of Bitcoin fluctuates almost all the time. On the other hand, if you are new, then this will work very well for you, so invest slowly using the DCA strategy and if you hold your investment for a long time or 5-6 years or more, you will see your small investments transform into strong investments.

[Y3shot]

I agree with you.
I still don't understand why people like Shitcoin? I don't know which Shitcoin investor has given money this year. Only those who are ignorant and ignorant like Shitcoin, Bitcoin is the best for long-term investment only for trust and faith.

This is because with shitcoin, you can invest much less money to make enough profit to later buy a good amount of BTC.

If shitcoins are this profitable to give people the profit they want, I mean very good ones, then there is no need to invest in Bitcoin. It would just be better to continue investing in shitcoins and not diversify into Bitcoin.

As far as I'm concerned, people who choose to invest in Bitcoin first are ignorant, and people who later divert to Bitcoin do so because they now have a better understanding of what Bitcoin is all about. Bitcoin is more valuable, and if anyone feels shitcoins are more valuable for making a profit, it is just a lack of understanding.

[As-Soon-As]

I agree with you.
I still don't understand why people like Shitcoin? I don't know which Shitcoin investor has given money this year. Only those who are ignorant and ignorant like Shitcoin, Bitcoin is the best for long-term investment only for trust and faith.

This is because with shitcoin, you can invest much less money to make enough profit to later buy a good amount of BTC.

But some are enthusiastic and are already looking for a possible alt season, but this could lead to BTC possibly dropping in price? It's a fact that if BTC drops in price, you should buy BTC and not alts, but perhaps marketing has more influence on investors.

I doubt, no investor will buy shitcoin with the expectation to buy bitcoin afterwards and for clarity there’s no profit making when involving shitcoin. From my perspective those who leave bitcoin investment and decides to buy shitcoins are just greedy probably they chose to gamble with shitcoin maybe thinking risking everything will pay. Altcoins are totally unpredictable reason why avoiding such investment is better and peaceful meanwhile if thinking of an alternative investment choice alongside bitcoin investment altcoins should be excluded.

Bitcoin investment should be done in such a way that no one else can look at it. An investor can definitely benefit by investing in Bitcoin for a long time, earning benefits is easier and safer than holding Bitcoin. However, there is a higher chance of losing money if you invest in shitcoin. So we will never confuse new investors by unnecessarily discussing it, because all new investors will definitely panic.
Investing in Bitcoin according to the DCA method is definitely the most successful. Because if you invest in Bitcoin according to the DCA method, it is possible to keep Bitcoin for a long time.

[Fuso.hp]

This thread is not about shitcoins or to ponder over which shitcoin might be less shitty.  You should try to stay on topic.  Bitcoin and shitcoins are different things, even though many shitcoins try to present themselves as being similar to bitcoin or better than bitcoin in some kind of way in order to get people to buy those inferior products.

Definitely he is messing around with the wrong thread, the funny part is that is talking about DYOR and still end up in shitcoin which should have ended in bitcoin. to me shitcoin are dead coin, and i still wonder why people give time to promote this dead coins, instead of promoting a potential asset like bitcoin they keep fucking around with shitcoin. coins that has no potential for long term value are being promoted why bitcoin which is the father of all that has proven itself worthy of investment for long term is being neglected. but however i dont blame such people who chose the wrong part, maybe they have no record of the past about this shitcoins. perhaps they will later come back crying maybe when bitcoin has become more expensive to afford a little fraction.

When someone like that did his own research and still end up investing in shit coin after seeing that they are not reliable like Bitcoin, it shows that they just loves gambling with their hard earned money nothing more, because no one will know of how risky shit coin are and still invest heavily in it.
Sometimes it's because of greed for 10x to 100x that is the cause of an investor, investing in shit coin after doing his own research about them, that's why I feel no pity for such people because they surely got what they deserve.

The  reason why most person like to invest in shitcoin instead bitcoin is because of greed. This set of person are motivated or moved by short term profit and bitcoin is not the kind of project were one will put his or her money then in the next month they are already in big profits.so as a result of greed they will not see the risk they exposing there income to. There are people with the mindset that bitcoin has passed the stage were it will favours new investors so there choice will be to go for shitcoin which they believe they can be able to cash out big profit within a short time.

This is the worst decision for such investors. Those who do not have a complete understanding of Bitcoin as well as other coins in the market, only out of excessive greed, they invest in all these crap coins, but at the end of the specified period, they regret their investment a lot. What I mean is that first I will ensure the safety of my money, then I will consider the profit. If I invest in Bitcoin, the money will be safe and there is a good possibility of getting a good amount of profit at the end of the specified period, then why should I invest in all other currencies instead of investing in this reliable digital currency. That is why before investing, investors must carefully examine this issue to see whether the investor is actually investing in the right coin.

[LokhcfyBit]

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.

If you are able to spare your emergency funds then your Bitcoin investment is safe for long term. Because in case you need any cash to meet emergency requirements then you won't touch your Bitcoin investment. We need to be very clear about the fact that bitcoin is one of the best thing to invest if you can hold it for 5 to 10 years. Emergency funds along with discretionary income are part of our Bitcoin investment strategies and must be kept in mind while planning bitcoin investment strategy. Having discretionary income help you in buying Bitcoin at regular intervals or lump sum without touching your monthly salary.

Long-term Bitcoin holding always gives people the greatest chance of success, so investing according to a 5 to 10 year plan will give you a very good chance of success, but to sustain this investment in the long term, people will always have to face difficult situations, so it should never be seen as easy, it is more difficult than people expect, especially for those who decide to invest in Bitcoin without any emergency fund due to their self-confidence, this can really lead to a terrible situation, and this is why it is essential to prepare an emergency fund if you want to hold Bitcoin effectively in the long term, having an emergency fund reduces the mental stress in investing a lot, because you do not have to sell Bitcoin suddenly, and as a result, no matter what situation arises, your Bitcoin investment will not be threatened in any way.

I agree with you, as long as you live, you may face sudden dangers and you may need emergency money, so it is important to be aware enough to invest, so an emergency fund will help you get rid of those dangers, on the other hand it will prevent you from selling your Bitcoin holdings, because we can never escape the reality that if you try to avoid it, you can suffer a lot financially.

[9ja Amaka]

I agree with you. There's nothing wrong with those who leverage altcoins to profit, as that's also part of the market. Especially if they've been in the crypto space for a while and understand when to capitalize on an altcoin. When someone invests in altcoins, they already know the consequences.

On the other hand, those who invest in altcoins largely hold their portfolio in Bitcoin. Bitcoin is a good asset, with fundamentals that have no doubt about its future. However, not all altcoins are trash some can be leveraged to profit. Losses in altcoins are part of the risk they take. However, my advice for beginners is to consider Bitcoin as your future asset and avoid all altcoins.

As a bitcoin investor, if you haven't have a comfortable size of bitcoin in your portfolio dont invest in shitcoins. The only time you can rely on shitcoins to get quick profits from time to time, either to cover some expenses or to fuel your bitcoin investment more is when you have accumulated bitcoin and reached your target. The possibility of getting profit in shitcoins is low, because they can dump at anytime. They are meant to be where we can diversify into when we have completely reached our goal. It shouldn't be something we can rely on like we do with bitcoins.

[Dareo]

Long-term Bitcoin holding always gives people the greatest chance of success, so investing according to a 5 to 10 year plan will give you a very good chance of success, but to sustain this investment in the long term, people will always have to face difficult situations, so it should never be seen as easy, it is more difficult than people expect, especially for those who decide to invest in Bitcoin without any emergency fund due to their self-confidence, this can really lead to a terrible situation, and this is why it is essential to prepare an emergency fund if you want to hold Bitcoin effectively in the long term, having an emergency fund reduces the mental stress in investing a lot, because you do not have to sell Bitcoin suddenly, and as a result, no matter what situation arises, your Bitcoin investment will not be threatened in any way.

Easier said than done, we first have to generate money that goes into emergency funds. If you are doing job only then your salary will be used for daily living while with discretionary income one can generate emergency funds and also allocate capital for Bitcoin investment. The discretionary income will kill two birds with one stone i.e. it will give you emergency funds that gives you peace of mind that you have money to deal with any situation and it will also help you in accumulating Bitcoins that you can retain for 5 years or more. 

You are right about long term holding, the issue is cash flow always. It is almost impossible to save an emergency fund and a Bitcoin position without discretionary income. Overcommitted early investors without a buffer like that tend to panic-sell during dips and lose year-long gains. The easiest way will be to initially fund 3-6 months of expenses and then progressively invest remaining discretionary funds in Bitcoin. I believe that patience and planning are more important than hurry to purchase.

[ruykeri]

That being said, trying to concentrate solely on Bitcoin does carry a degree of risk, and having a smaller portion in other reliable assets can provide an added layer of safety. The big lesson here is to invest consistently, be patient and don't fret over short term price movements.

Dareo I don’t understand this advice or suggestion you’re trying to make here, Are you hinting on investing in Altcoins and shitcoins as a way of providing safety to your bitcoin investments?. Concentrating solely on bitcoin isn’t such a bad thing and the risk is still minimal at worst so Long as it’s a long term investment. You make it sound like bitcoin investment can’t stand on its own and needs other investments to balance it and this idea is totally wrong, you don’t need any additional investments to act as your safety net while investing in bitcoin so long as you’re doing it right ,and if you’ve been following this thread you’ll know how best to go about your bitcoin investments.

I'm with you, because Bitcoin may not be as risky as you think it is to invest in because its value can increase drastically even two hours after you invest, then will you sell? That will not be a big gain for you because the value of Bitcoin which may be higher than we fear in the future, so it is very important to keep your long-term perspective when investing.

You gave an example of Bitcoin's price increasing or decreasing just two hours after investing in Bitcoin. and you also said that  better to invest for a long time. In fact, for those who consider investing for two hours as a short-term investment, a long-term investment would be maybe 1 or 2 months for them . If you follow the example of short-term or long-term investment for 1 or 2 hours, then people will be in a dilemma about the actual time period of long-term or short-term investment. If someone continues to invest for less than 4 years, we call it short-term investment. Investing in Bitcoin for at least 4 to 10 years or more is called long-term investment. If you invest for 4 to 10 years with regular discretionary income and follow DCA, then you can get proper profit from Bitcoin.

[justinlamode]

Is their any need going abusive? No, I don't think so because I believe that everyone is entitled to his or her opinion, and any decision taken by anyone, he or she will account for it, if it's favourable in the future then it's good for him, but if it goes against them, then the said person will have to face the consequences of his decisions, what we that focus more on Bitcoin will just have to do is to show them the way and give them a reason why it's best to invest only on Bitcoin than all this shit coin here and there in the market.
So getting upset or abusing those that choose the wrong path either through ignorance or because of greed is not worth it or not necessary because everyone will face the consequences of what they does.

I agree with you. There's nothing wrong with those who leverage altcoins to profit, as that's also part of the market. Especially if they've been in the crypto space for a while and understand when to capitalize on an altcoin. When someone invests in altcoins, they already know the consequences.

On the other hand, those who invest in altcoins largely hold their portfolio in Bitcoin. Bitcoin is a good asset, with fundamentals that have no doubt about its future. However, not all altcoins are trash some can be leveraged to profit. Losses in altcoins are part of the risk they take. However, my advice for beginners is to consider Bitcoin as your future asset and avoid all altcoins.

Bitcoin is always Bitcoin and anything that is not Bitcoin is shitcoin, it is as simple as that. If you have been long in this space, you would have heard what happened to Terra, a shitcoin that crashed from over $119 to below $1 with people losing fortune and the cry was audible all over the world. When the shitcoin was booming, who would have believed that it was possible to crash to nothing? Should we talk about FTX that collapsed and people lost millions? That was another one that people believed was immune to crash and should not be seen as shitcoin. The list of shitcoins that turned to zero, thereby justifying the title of shitcoin, is endless. I wonder why someone will even pay serious attention to the point of you advising someone to invest in them that they are profitable. Have you listened to someone that lost money to those shitcoins? Maybe you want to learn from experience but please if you want to advice someone about investment, Bitcoin is just enough.

[Princess Leah]

Is their any need going abusive? No, I don't think so because I believe that everyone is entitled to his or her opinion, and any decision taken by anyone, he or she will account for it, if it's favourable in the future then it's good for him, but if it goes against them, then the said person will have to face the consequences of his decisions, what we that focus more on Bitcoin will just have to do is to show them the way and give them a reason why it's best to invest only on Bitcoin than all this shit coin here and there in the market.
So getting upset or abusing those that choose the wrong path either through ignorance or because of greed is not worth it or not necessary because everyone will face the consequences of what they does.

I agree with you. There's nothing wrong with those who leverage altcoins to profit, as that's also part of the market. Especially if they've been in the crypto space for a while and understand when to capitalize on an altcoin. When someone invests in altcoins, they already know the consequences.

On the other hand, those who invest in altcoins largely hold their portfolio in Bitcoin. Bitcoin is a good asset, with fundamentals that have no doubt about its future. However, not all altcoins are trash some can be leveraged to profit. Losses in altcoins are part of the risk they take. However, my advice for beginners is to consider Bitcoin as your future asset and avoid all altcoins.

Bitcoin is always Bitcoin and anything that is not Bitcoin is shitcoin, it is as simple as that. If you have been long in this space, you would have heard what happened to Terra, a shitcoin that crashed from over $119 to below $1 with people losing fortune and the cry was audible all over the world. When the shitcoin was booming, who would have believed that it was possible to crash to nothing? Should we talk about FTX that collapsed and people lost millions? That was another one that people believed was immune to crash and should not be seen as shitcoin. The list of shitcoins that turned to zero, thereby justifying the title of shitcoin, is endless. I wonder why someone will even pay serious attention to the point of you advising someone to invest in them that they are profitable. Have you listened to someone that lost money to those shitcoins? Maybe you want to learn from experience but please if you want to advice someone about investment, Bitcoin is just enough.

When advising someone concerning a good digital currency for investment it's best to advice the person to focus on the one that's more decentralized, Bitcoin is the best amongst all that suits that description, no other ones come close to it, even though some people do feel their are good alternatives for investment but none have been more secured like Bitcoin.

 Anyways Bitcoin investment is not for everyone it's for those who have hope in it and believe that If they can remain calm and patient while accumulating it continuesly they'll get better reward in the future, although some people still choose to risk on other coins asides Bitcoin but the best coin for investment is Bitcoin and no other.

[Gost ms]

When advising someone concerning a good digital currency for investment it's best to advice the person to focus on the one that's more decentralized, Bitcoin is the best amongst all that suits that description, no other ones come close to it, even though some people do feel their are good alternatives for investment but none have been more secured like Bitcoin.

 Anyways Bitcoin investment is not for everyone it's for those who have hope in it and believe that If they can remain calm and patient while accumulating it continuesly they'll get better reward in the future, although some people still choose to risk on other coins asides Bitcoin but the best coin for investment is Bitcoin and no other.

You should never advise anyone to invest. Because if you tell your friend to invest in Bitcoin and if he invests in Bitcoin and after a few days the price of Bitcoin decreases, then he will get very scared and then that person may sell his holding. Then he will put the entire blame for this loss on you. Because you gave him advice.

This is exactly what happened to one of my friends: A friend of mine invested in Bitcoin. He told a friend in his office about his investment, will you do it? He asked his friend to invest directly without saying anything about the risk etc. A few days after investing, suddenly there was a fall in the market and when the new person saw that his investment was losing money, he sold his entire investment. The entire amount of money he had lost was completely blamed on my friend and he had to pay full compensation. So you should never advise anyone to invest. If a person comes to you to learn something about investing, you can tell him the basic knowledge about Bitcoin and show him some videos and say, "This will be useful for you."

[Cgrexp]

I agree with you, it’s not a must to have an emergency fund before starting an investment. That’s where many people get it wrong. They assume that because Bitcoin is always changing in price, they must first have an emergency fund before beginning their journey. But it doesn’t really work that way, what is more important is having discretionary income, so we can keep investing regularly. If we wait until everything is perfect, we may end up buying at an even higher price.

It’s not about starting perfectly, it’s about starting somewhere, from there we can gradually build an emergency fund while still accumulating Bitcoin. If we overthink the price and delay because we want backup funds first, we might miss opportunities. Nobody knows whether the price will dip or rise tomorrow, so the best method is to start with what we can and grow gradually as you’re investing.

The money we earn on a daily, weekly or monthly basis is stable income. The money that is left after meeting our basic or urgent needs such as food, clothing, housing, education, medical expenses from stable income is discretionary income. From this discretionary income, we build investments, emergency funds and savings. So discretionary income is part of stable income. If I want to invest, I have to have a stable income system from which I can earn money on a regular weekly or monthly basis. And with that, I will continue to invest to meet my urgent expenses. What you said is that it is not mandatory to have an emergency fund before starting investment. Also, you said that if we think too much about the price and delay by wanting a backup fund first, then we may miss the opportunity. Here I partially agree with you that if we delay with a backup, we may miss the opportunity. But should we start investing with absolutely zero fund? Maybe after starting investment, some urgent expenses may come where even if there is no emergency fund, someone may get discouraged.  Therefore, it is advisable to keep at least two to four weeks of emergency expenses in cash without delay in making a full deposit. And gradually increase the amount of emergency deposit. This will keep the investment active, and emergency problems will be solved. Therefore, rather than having absolutely zero deposit, I think it will be safer to start investing with a minimum emergency deposit.

[HausaBitCkk]

It's not a most to have your emergency funds and other backup funds available before you can start your bitcoin investment. You only need your discretionary income to get started and build your emergency funds simultaneously with your bitcoin investment when you have started buying bitcoin. Instead of waiting to build your backup funds, you should get started immediately because waiting is a wrong strategy and you will end up acquiring little bitcoin expensively compared to when you start right away without your emergency funds.

I agree with you, it’s not a must to have an emergency fund before starting an investment. That’s where many people get it wrong. They assume that because Bitcoin is always changing in price, they must first have an emergency fund before beginning their journey. But it doesn’t really work that way, what is more important is having discretionary income, so we can keep investing regularly. If we wait until everything is perfect, we may end up buying at an even higher price.

It’s not about starting perfectly, it’s about starting somewhere, from there we can gradually build an emergency fund while still accumulating Bitcoin. If we overthink the price and delay because we want backup funds first, we might miss opportunities. Nobody knows whether the price will dip or rise tomorrow, so the best method is to start with what we can and grow gradually as you’re investing.

I agree with you, many new investors think that the price will drop a little or first create a large fund and then invest, but the reality is that no one can predict the future price of Bitcoin because determining the price of Bitcoin is a challenge, Bitcoin which can either increase or decrease in price tomorrow, on the other hand, if you always wait for the perfect time to invest in Bitcoin, then you may miss the opportunity to have it in your hands, so instead of waiting for the perfect time, it is the right decision to start as much as possible or according to your ability today, so you can use the DCA strategy because it is very good for you, on the other hand, in the long run you may face various obstacles, sometimes even if the price of Bitcoin decreases, you cannot be disappointed and you cannot be greedy if the price increases because you have to be ready to ignore them.

[Umulala-alala]

When advising someone concerning a good digital currency for investment it's best to advice the person to focus on the one that's more decentralized, Bitcoin is the best amongst all that suits that description, no other ones come close to it, even though some people do feel their are good alternatives for investment but none have been more secured like Bitcoin.

 Anyways Bitcoin investment is not for everyone it's for those who have hope in it and believe that If they can remain calm and patient while accumulating it continuesly they'll get better reward in the future, although some people still choose to risk on other coins asides Bitcoin but the best coin for investment is Bitcoin and no other.

You should never advise anyone to invest. Because if you tell your friend to invest in Bitcoin and if he invests in Bitcoin and after a few days the price of Bitcoin decreases, then he will get very scared and then that person may sell his holding. Then he will put the entire blame for this loss on you. Because you gave him advice.

This is exactly what happened to one of my friends: A friend of mine invested in Bitcoin. He told a friend in his office about his investment, will you do it? He asked his friend to invest directly without saying anything about the risk etc. A few days after investing, suddenly there was a fall in the market and when the new person saw that his investment was losing money, he sold his entire investment. The entire amount of money he had lost was completely blamed on my friend and he had to pay full compensation. So you should never advise anyone to invest. If a person comes to you to learn something about investing, you can tell him the basic knowledge about Bitcoin and show him some videos and say, "This will be useful for you."

There is nothing bad in it if you advise a brother to invest in bitcoin it is now their own choice to accept or not.
Before any advise you might told them how bitcoin investment works the nature of the market, the up and down of the price so they will not panic when such thing occur, that it is also a long term investment and when investing to invest using their discretionary income which is money they can afford to loss, they may not happy with you if you start benefiting from your bitcoin investment for not letting them know before now it is of a true that no time is late to start buying bitcoin but it will be better to be done now.

[Barikui1]

I agree with you, many new investors think that the price will drop a little or first create a large fund and then invest, but the reality is that no one can predict the future price of Bitcoin because determining the price of Bitcoin is a challenge, Bitcoin which can either increase or decrease in price tomorrow, on the other hand, if you always wait for the perfect time to invest in Bitcoin, then you may miss the opportunity to have it in your hands, so instead of waiting for the perfect time, it is the right decision to start as much as possible or according to your ability today, so you can use the DCA strategy because it is very good for you, on the other hand, in the long run you may face various obstacles, sometimes even if the price of Bitcoin decreases, you cannot be disappointed and you cannot be greedy if the price increases because you have to be ready to ignore them.

That's just it bro, most Bitcoin investors keeps on making the same mistakes by thinking that buying the dip is the best way to accumulate Bitcoin, and because of that, they wait for it a long time which in most cases, they didn't even buy at all because the dip they were expecting didn't materialize, sometimes the dip even came, and they will still be greedy and be waiting for it to go deeper, which will eventually makes them miss the opportunity and waste all the valuable time they would have used to acquire a huge chunk of Bitcoin during that timeframe, so it's not a wise idea to wait for a dip before buying. The right thing to do is to just buy continuously once your discretionary income is available either weekly or monthly and if in the process of accumulating Bitcoin and their is a dip, you might decide to accumulate aggressively only if you have the reserves funds to do so. So buying the dip is not the problem but waiting for it is where the problem is

[Cossyblack]

When advising someone concerning a good digital currency for investment it's best to advice the person to focus on the one that's more decentralized, Bitcoin is the best amongst all that suits that description, no other ones come close to it, even though some people do feel their are good alternatives for investment but none have been more secured like Bitcoin.

 Anyways Bitcoin investment is not for everyone it's for those who have hope in it and believe that If they can remain calm and patient while accumulating it continuesly they'll get better reward in the future, although some people still choose to risk on other coins asides Bitcoin but the best coin for investment is Bitcoin and no other.

You should never advise anyone to invest. Because if you tell your friend to invest in Bitcoin and if he invests in Bitcoin and after a few days the price of Bitcoin decreases, then he will get very scared and then that person may sell his holding. Then he will put the entire blame for this loss on you. Because you gave him advice.

This is exactly what happened to one of my friends: A friend of mine invested in Bitcoin. He told a friend in his office about his investment, will you do it? He asked his friend to invest directly without saying anything about the risk etc. A few days after investing, suddenly there was a fall in the market and when the new person saw that his investment was losing money, he sold his entire investment. The entire amount of money he had lost was completely blamed on my friend and he had to pay full compensation. So you should never advise anyone to invest. If a person comes to you to learn something about investing, you can tell him the basic knowledge about Bitcoin and show him some videos and say, "This will be useful for you."

If I was your friend,I wouldn't have paid him a dime for compensation. There was no agreement signed that if any goes wrong that he would be compensated. Secondly he was only advised to invest into Bitcoin not forced,he willingly accepted and invested from his own freewill. So his Bitcoin investment should be his personal concern, whatever he does with it whether he choose to sell it for the short term or hold for the long term is left for him to decide. If he doesn't understand why his bitcoin portfolio was declining in value, I think he should have contacted your friend for better clarification instead of panic selling his Bitcoin investment and then start blaming your friend for his own ignorance.
In essence, I think there absolutely nothing wrong advising  your friends to invest into Bitcoin, it is good because you're simply sharing an investment advice that would changed their lives completely for the better if taken serious.

[Alonso_]

Long-term Bitcoin holding always gives people the greatest chance of success, so investing according to a 5 to 10 year plan will give you a very good chance of success, but to sustain this investment in the long term, people will always have to face difficult situations, so it should never be seen as easy, it is more difficult than people expect, especially for those who decide to invest in Bitcoin without any emergency fund due to their self-confidence, this can really lead to a terrible situation, and this is why it is essential to prepare an emergency fund if you want to hold Bitcoin effectively in the long term, having an emergency fund reduces the mental stress in investing a lot, because you do not have to sell Bitcoin suddenly, and as a result, no matter what situation arises, your Bitcoin investment will not be threatened in any way.

Easier said than done, we first have to generate money that goes into emergency funds. If you are doing job only then your salary will be used for daily living while with discretionary income one can generate emergency funds and also allocate capital for Bitcoin investment. The discretionary income will kill two birds with one stone i.e. it will give you emergency funds that gives you peace of mind that you have money to deal with any situation and it will also help you in accumulating Bitcoins that you can retain for 5 years or more. 

You are right about long term holding, the issue is cash flow always. It is almost impossible to save an emergency fund and a Bitcoin position without discretionary income. Overcommitted early investors without a buffer like that tend to panic-sell during dips and lose year-long gains. The easiest way will be to initially fund 3-6 months of expenses and then progressively invest remaining discretionary funds in Bitcoin. I believe that patience and planning are more important than hurry to purchase.

You might actually want to do it in a gradual process, starting and investing in bitcoin doesn’t really have a problem with cash flow instead with a discretionary income, because you can only invest with your discretionary income, if you don’t have a discretionary income you can’t start an investment, that means if you are able to have an income then a discretionary you can’ possibly start investing, at some point if you choose investing outside your discretionary income I believe that would definitely become a problem at some point, and you don’t have to immediately start having an emergency fund, and at some point we can also have to start working on our cash flow as well and increase our discretionary amount.

[Skydrill]

The best time for buying is at low price and I think if you sell your coins with profit then you should not regret after Fluctuations in coin price because you have already taken your profit so ready to make another step instead of regret about past.

If you are in doubt about other coin then just buy bitcoin now and don't sell until you achieved your target. This time is not suitable for selling but if someone is in huge profit and he cannot hold longer then selling should be preferred. Understand the market and accept your profit but I think if someone is selling their bitcoin without waiting more so he will miss the opportunity of having huge profit in Bull season.

for me the time you buy doesn't really matters but when you sell, if you have a plan of selling when the value is higher then no matter what you spent during your purchase you are sure of making some profit because you already have a plan and you are committed to this plan not minding what the prevailing circumstances are, and then when it is convenient for you then you carryout your transactions, perhaps this is where the long term approach comes in.

[Gallar]

When advising someone concerning a good digital currency for investment it's best to advice the person to focus on the one that's more decentralized, Bitcoin is the best amongst all that suits that description, no other ones come close to it, even though some people do feel their are good alternatives for investment but none have been more secured like Bitcoin.

 Anyways Bitcoin investment is not for everyone it's for those who have hope in it and believe that If they can remain calm and patient while accumulating it continuesly they'll get better reward in the future, although some people still choose to risk on other coins asides Bitcoin but the best coin for investment is Bitcoin and no other.

You should never advise anyone to invest. Because if you tell your friend to invest in Bitcoin and if he invests in Bitcoin and after a few days the price of Bitcoin decreases, then he will get very scared and then that person may sell his holding. Then he will put the entire blame for this loss on you. Because you gave him advice.

This is exactly what happened to one of my friends: A friend of mine invested in Bitcoin. He told a friend in his office about his investment, will you do it? He asked his friend to invest directly without saying anything about the risk etc. A few days after investing, suddenly there was a fall in the market and when the new person saw that his investment was losing money, he sold his entire investment. The entire amount of money he had lost was completely blamed on my friend and he had to pay full compensation. So you should never advise anyone to invest. If a person comes to you to learn something about investing, you can tell him the basic knowledge about Bitcoin and show him some videos and say, "This will be useful for you."

There is nothing bad in it if you advise a brother to invest in bitcoin it is now their own choice to accept or not.
Before any advise you might told them how bitcoin investment works the nature of the market, the up and down of the price so they will not panic when such thing occur, that it is also a long term investment and when investing to invest using their discretionary income which is money they can afford to loss, they may not happy with you if you start benefiting from your bitcoin investment for not letting them know before now it is of a true that no time is late to start buying bitcoin but it will be better to be done now.

I think when it comes to investing, it's best to avoid encouraging or disclosing information, and the same applies to investing in Bitcoin. Being too aggressive in telling and persuading someone to invest in Bitcoin can backfire, which can be very dangerous. Because people who don't understand investing certainly don't understand the concept of investing.

Most laypeople simply think about how to get results without considering the process, and that's the danger. When told about price cycles and their potential, laypeople often don't immediately believe it. So, when they're invited to invest in Bitcoin and then there's a price correction, they'll panic. Therefore, in cases like this, it's best to avoid talking too much about Bitcoin investment to laypeople, unless they themselves ask for information.

In that case, I don't think there's anything wrong with informing them, but with the proviso that we don't offer advice that could be considered an invitation to invest. Because, of course, if we do that, when a bad situation arises, we'll be the ones who suffer the consequences. So we just need to tell them about bitcoin, and let them make the rest of the decision themselves.

[Loyang]

The best time for buying is at low price and I think if you sell your coins with profit then you should not regret after Fluctuations in coin price because you have already taken your profit so ready to make another step instead of regret about past.

If you are in doubt about other coin then just buy bitcoin now and don't sell until you achieved your target. This time is not suitable for selling but if someone is in huge profit and he cannot hold longer then selling should be preferred. Understand the market and accept your profit but I think if someone is selling their bitcoin without waiting more so he will miss the opportunity of having huge profit in Bull season.

You need to understand that investing is long term like 5 to 10 years. What you are talking about is trading or business. You need to understand the difference between trading and long term investing:

Trading

*Trading is short term
*The risk of losing your money in trading is very high
*The trading period is 1 minute or 1 hour like this
*etc

Long term investing

*The period of long term investment is 5 to 10 years
*The risk is much less in long term investing
*The chances of losing your money in long term investing are very low
*etc

Always keep your long term investment in mind. If you keep your long term investment in mind, it will be much better for you and your financial situation. If you keep your short term investment in mind, then your chances of losing money are much higher. Never think about short-term investments.