Buy Buy Buy or Sell Sell Sell?

[Joeboy]

We also consume with our discretionary income... We can choose to consume right away or we can delay our consumption by investing and/or saving.

[Edited out]

Yeah, Spending all of our discretionary income immediately feels good in the moment but saving or investing it is what really makes the future safe. Life isn't always stable - illness, loss of job or simply old age can end our income, and that's when the savings from the past become essential.

That is the reason why we need to focus on the future and forget about Those profits we are going to make in the short term, bitcoin investment is supposed to be for future benefit since we still have enough energy to be running around waking very early in the morning and dress up for work, why don't we use that same energy to start investing into bitcoin for future purpose because some day we can start fading away I mean we won't be have the energy to be running around waking very early to work as we used to.

At this point things may get tough for us that's if we don't have any asset at all, there are some people that had the opportunity to invest during thier early stage but due to one reason or the other made them not to invest into any asset not knowing that some day they will get old and won't be having those opportunities they had before. So therefore investing for the future is the best especially those that still have a  Long way to go, is good to start investing for the future so that in the future you won't be facing much difficulties.

Anything less than the long term arrangements for me is below standards, though everybody is entitled to their own opinion but I think that's the only way to better grow your income because the short term plan will always yield lower income so why not settle for the longer which has the probability of yielding better result, this should be the right strategy but I wonder why so many people keep emphasizing on this short term investment plan, it seems like harvesting a crop before harvest season.

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

Bitcoin was never ever designed as a get-rich-quick scheme, and as such the real success of Bitcoin only comes in the long term (Investment instead than Trading). It's short-term movement might be quite tempting especially for beginners coz the market is volatile, but the volatility is exactly why trading usually produces more loss for people rather than profits..... Long-term holding, on the other hand, allows you to benefit from Bitcoin’s scarcity. With a fixed supply of 21 million coins, the longer you hold, the more valuable your holdings becomes as the adoption continually increase.....So yeah, Bitcoin definitely rewards those who are patient and think in years rather than days.

[Cossyblack]

We also consume with our discretionary income... We can choose to consume right away or we can delay our consumption by investing and/or saving.

[Edited out]

Yeah, Spending all of our discretionary income immediately feels good in the moment but saving or investing it is what really makes the future safe. Life isn't always stable - illness, loss of job or simply old age can end our income, and that's when the savings from the past become essential.

That is the reason why we need to focus on the future and forget about Those profits we are going to make in the short term, bitcoin investment is supposed to be for future benefit since we still have enough energy to be running around waking very early in the morning and dress up for work, why don't we use that same energy to start investing into bitcoin for future purpose because some day we can start fading away I mean we won't be have the energy to be running around waking very early to work as we used to.

At this point things may get tough for us that's if we don't have any asset at all, there are some people that had the opportunity to invest during thier early stage but due to one reason or the other made them not to invest into any asset not knowing that some day they will get old and won't be having those opportunities they had before. So therefore investing for the future is the best especially those that still have a  Long way to go, is good to start investing for the future so that in the future you won't be facing much difficulties.

Anything less than the long term arrangements for me is below standards, though everybody is entitled to their own opinion but I think that's the only way to better grow your income because the short term plan will always yield lower income so why not settle for the longer which has the probability of yielding better result, this should be the right strategy but I wonder why so many people keep emphasizing on this short term investment plan, it seems like harvesting a crop before harvest season.

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

Bitcoin was never ever designed as a get-rich-quick scheme, and as such the real success of Bitcoin only comes in the long term (Investment instead than Trading). It's short-term movement might be quite tempting especially for beginners coz the market is volatile, but the volatility is exactly why trading usually produces more loss for people rather than profits..... Long-term holding, on the other hand, allows you to benefit from Bitcoin’s scarcity. With a fixed supply of 21 million coins, the longer you hold, the more valuable your holdings becomes as the adoption continually increase.....So yeah, Bitcoin definitely rewards those who are patient and think in years rather than days.

Some persons still think of Bitcoin as a ponzi scheme where they will invest little for today and start reaping out huge profits the next day, without a doubt,investing in Bitcoin with this mindset will surely results to disappointment. If someone is investing in Bitcoin for the short term with the purpose of making huge potential gains is making fool of himself because Bitcoin doesn't work like that. However I think the best investment plan when it comes to Bitcoin is the long term plan,it is the best plan suitable for any folks that wants to make something tangible from investing/holding Bitcoin for the long term other than investing for the short term.

[As-Soon-As]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

[Futurexxx]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

In as much as the DCA accumulating strategy is the best among all accumulating strategy to acquire a huge stash of Bitcoin over a long period of time, it's not the only way that guarantees success as you are making it looks like, the lumps sum strategy is also there, the most important thing is holding very strong for a very long time. Why the DCA accumulating strategy is mostly recommended is that it has the most flexibility among all accumulating strategy because you will have to buy once your discretionary income is available on your own term, and as a low or average income earner, you can invest easily, but it's not a guarantee to be a success if you are not thinking long term.

[Cgrexp]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

People mainly enter the market in the hope of quick profits or make emotional decisions when the market is unstable. However, most new investors face this loss. They make decisions without understanding market fluctuations, chart analysis and risk management and face losses. Again, there are many new investors who are lucky enough to make profits in the first few trades. And they think that they will always make profits like this. Then they become overconfident and trade in large amounts and later face big losses. For example, I am describing two people here. The first person wants to start investing with $ 300 from his annual income. Another person also wants to start trading with $ 300 from his annual income. The first person divides the money allocated for his investment and invests $ 25 from there every month. With the DCA method, he continued to invest regularly with patience amidst market fluctuations and it was seen that his total assets increased to about $ 500 at the end of the year, that is, his share of profits was $ 200. The other person who decided to trade started trading with $ 25 every month.  In the first few months, he made some profit of about $50. But at one point, he faced a big loss and at the end of the year, his total money stood at about $230. That is, instead of making a profit, he faced a loss. But if he had invested every month using the DCA method like the first person, he would not have had to worry about so many market fluctuations. On the contrary, he would have been risk-free, stress-free and could have made a profit. Investing $25 a month is a small step, but it brings a big profit opportunity. Similarly, if he continues his investment in this way for another four to eight years, it will bring even bigger profits.So I think DCA is a better method than trading where both new and experienced investors can be safe, stable, and profitable in the long term.

[arwin100]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

In as much as the DCA accumulating strategy is the best among all accumulating strategy to acquire a huge stash of Bitcoin over a long period of time, it's not the only way that guarantees success as you are making it looks like, the lumps sum strategy is also there, the most important thing is holding very strong for a very long time. Why the DCA accumulating strategy is mostly recommended is that it has the most flexibility among all accumulating strategy because you will have to buy once your discretionary income is available on your own term, and as a low or average income earner, you can invest easily, but it's not a guarantee to be a success if you are not thinking long term.

But for me I prefer to use DCA because Bitcoin volatility is unpredictable and don't want to deal with certain guessing on when we should take our position. For me its better to buy now and don't get stressed about other things that can bother us.

Doing lumpsum give me this impression that we should wait for dip since we are thinking about buying large volume and spread it over time when we want to accumulate.

DCA is more flexible which helps newbies can build discipline and it reduce their fear to enter or accumulate Bitcoins.

[Miramax12]

Sure, holding a huge amount of Bitcoin doesn’t make someone a long-term investor. There are many people who jump into the market whenever they see prices going higher. They invest huge amounts of money in order to get huge returns, and once they make a little profit or notice the market changing, they quickly sell just to secure some gains above their first investment.

Sincerely, some have this money stacked up, reputable business men, just waiting for an opportunity to invest in anything investable so long as they heard it will yield interest. Some might even be newbies in crypto and Bitcoin related investments, but because they have passive income, they would get involved in such investments, and they can get enough Bitcoin stacked up from there aggressive purchase. It's such investors you see panicking like new babies that they are in Bitcoin investment if market declines. Forgetting that the fluctuation nature of Bitcoin has made it so. They even panic more in Dips fearing that all there investments are all gone. This inturn necessitates panic selling in a bid to save some holdings, and off course, losing out which was not the original plan.

Every investor must set a target timeline to which his/her investment journey would last actively before thinking of a possible sell, with this in mind, such an investor creates or build up funds such as emergency and reserve funds through his discretionary income to enable such investment plan been achieved. An investor who fails to plan, already plans to fail. A set plan of targeted goal towards such an investment will serve as guide and road map to a successful Bitcoin accumulation process.

We know that an investor will always have the privilege to sell at anytime he wishes, yea! It's his holding not mine to dictate. He also has the sole responsibility of determining either to hold for long or decide to sell too early as soon as a possible dip is noticed or a decline in the market, it is his sole will. But the point is, an investor who goes into Bitcoin accumulation with a long term mindset tends to prepare better, outlining means to which such long term target will be achieved, and also intentionally works toward raising back up funds to ensure long lasting investment and sustainability.

What's the point in stacking up huge amount of Bitcoin in your portfolio at a given period and then panic the nexr minute due to market decline and then rush to sell either to save or make few gains. And I believe such quick or hasty decision might not or do not usually end well. Naturally, I don't like panic, so I would prefer setting targets, bit by bit accumulation of Bitcoin using the DCA strategy through the discretionary income, and alongside building my emergency fund plus reserve funds too as my discretionary can carry. This gives me the peace of mind desired and also for sure ensures easy investment journey and supports long term investment which is the real deal.

Too often, people jump into the market chasing quick wins without a solid plan or understanding of the risks involved. The example of the two investors perfectly shows how patience and consistency can pay off way more than trying to time the market or making emotional trades.
DCA isn’t flashy, but it’s smart and steady exactly what most people need, especially beginners. Investing even a small amount regularly builds good habits and reduces stress from market ups and downs. Over time, those small steps add up to something meaningful.

[sotelorene]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

I'm not mixing anything dude, it seems you don't understand what I was actually saying in my post, perhaps you should reread the post again for clear understanding. What I was saying was that, in Bitcoin we have two type or category of people which are investors ( that is people that invest and hold for long) and we also have traders ( people that are interested in short term profit) and then I further said that it is either one is a trader or an investor but the best way or the best one to be is an investor because that's where you will get something meaningful and investor doesn't go through some pressure and heart issues like traders who places a trade and be monitoring the market. There's nothing like holding Bitcoin for short term because short term holding is same thing as trading.

[Lembo69]

We also consume with our discretionary income... We can choose to consume right away or we can delay our consumption by investing and/or saving.

[Edited out]

Yeah, Spending all of our discretionary income immediately feels good in the moment but saving or investing it is what really makes the future safe. Life isn't always stable - illness, loss of job or simply old age can end our income, and that's when the savings from the past become essential.

That is the reason why we need to focus on the future and forget about Those profits we are going to make in the short term, bitcoin investment is supposed to be for future benefit since we still have enough energy to be running around waking very early in the morning and dress up for work, why don't we use that same energy to start investing into bitcoin for future purpose because some day we can start fading away I mean we won't be have the energy to be running around waking very early to work as we used to.

At this point things may get tough for us that's if we don't have any asset at all, there are some people that had the opportunity to invest during thier early stage but due to one reason or the other made them not to invest into any asset not knowing that some day they will get old and won't be having those opportunities they had before. So therefore investing for the future is the best especially those that still have a  Long way to go, is good to start investing for the future so that in the future you won't be facing much difficulties.

Anything less than the long term arrangements for me is below standards, though everybody is entitled to their own opinion but I think that's the only way to better grow your income because the short term plan will always yield lower income so why not settle for the longer which has the probability of yielding better result, this should be the right strategy but I wonder why so many people keep emphasizing on this short term investment plan, it seems like harvesting a crop before harvest season.

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

Bitcoin was never ever designed as a get-rich-quick scheme, and as such the real success of Bitcoin only comes in the long term (Investment instead than Trading). It's short-term movement might be quite tempting especially for beginners coz the market is volatile, but the volatility is exactly why trading usually produces more loss for people rather than profits..... Long-term holding, on the other hand, allows you to benefit from Bitcoin’s scarcity. With a fixed supply of 21 million coins, the longer you hold, the more valuable your holdings becomes as the adoption continually increase.....So yeah, Bitcoin definitely rewards those who are patient and think in years rather than days.

 You should invest so that you have a lot of money in the future. And you don't have to seek shelter from others in your old age. You have to make your own arrangements. (Tading) Many people think of this trading as a shortcut to get rich. However, when they lose their money in excitement, they realize that it was not right to take shortcuts. When they realize and are able to be patient, they think that they should invest now.
And they invest later. The more greed for money in a person's life and the more shortcuts they look for to get rich, the more they will lose and put their work at risk. Any work in our life should be learned and done with patience and attention.

In the field of Bitcoin, the more they look for methods like short-cut trading, the more they will lose. So I think investing can be an ideal and profitable way for you. Invest for the long term, maybe success can come.

[Sim_card]

I largely agree with you that setting a target while investing in bitcoin is cool, but I don't prefer using timeframe to set a target in my accumulation because you might not be motivated to accumulate as much as possible, since you don't have a specific figure in mind, but if you have a target of accumulating like one Bitcoin or more in a specific timeframe, the enthusiasm and commitment will be there because he knows that he has to accumulate X unit of Bitcoin at a certain time, so their will be no room for complacency, and due to the fact that you has a target to meet, you will likely cut out any unnecessary expenses and channel that funds to your investment, so what am trying to say is that it is more better to set your target on achieving X number of btc at a certain time, than just investing with the intention of accumulating till a period of ten years thereabouts.

You are right a young investor should use a bitcoin target when accumulating bitcoin and not a time frame so that you can keep your bitcoin journey ongoing til you reach your bitcoin target irrespective of the number of years it takes you.

However, I think that it wouldn't be possible for any bitcoin investor to doesn’t have a strong financial strength to know the exact quantity of bitcoin that he can accumulate in a given period of time due to many reasons. Firstly, you are not certain of what bitcoin price will be tomorrow, next month, next year and the rest of years that you plan to be accumulating bitcoin and that will make you not have a specific quantity that you can be buying with a specific amount every week for ten years.

Secondly, our expenses and monthly needs amounts varies from month to months. Sometimes, you might have a higher expenses for that month which will reduce the amount of money for your discretionary income and other month it can be vice versa.

Lastly, we don't how our financial cash inflow will be like in future and if it will be enough for us to invest a lower amount of money than our initial planned amount due to constant inflation overtime. This is the reason why you must look for other means to increase your income so that you can also have a higher discretionary income to buy bitcoin and balance up with inflation.

Doing lumpsum give me this impression that we should wait for dip since we are thinking about buying large volume and spread it over time when we want to accumulate.

You don't understand the right meaning of lump sum and some people are thinking that you must lump sum in a dip which is not true. Lump sum means buying right away regardless of the price of bitcoin, either in the bull run or in the dip. Whenever, the money is available, you just buy bitcoin wit it.

For example, my regular weekly DCA is ongoing and I received a bonus of $200 at work, I can immediately use half of the money or all of it to buy bitcoin right away without considering the price of bitcoin at that moment. Lump sum is very effective when you are mixing it with your DCA.

[Silikiem]

Yes you are right it is just long term and trading will have so if it is not long term it is trading and if it is not trading it is long term and long term so far happens to be the best way to go about Bitcoin because of what it will give in the future after holding it. But the problem is that most people are so eager and interested in making profit in the short term which is not the best way to go about Bitcoin because you will either end up losing your trade or selling when you are not suppose to and should endeavor to invest and hold for long.

I don't understand why you are mixing Bitcoin holding with trading, if you are holding Bitcoin for a long term then you should not think twice otherwise your investment may be lost. You should limit yourself to holding Bitcoin only, holding Bitcoin for a short period of time can lead to losses. So holding Bitcoin for a long term is the most profitable and the benefits will be more, that's why if you want to hold Bitcoin for a long term then you must follow the DCA method to buy Bitcoin.
If you buy Bitcoin following the DCA method, it becomes much easier to keep it for a long time by buying it weekly, due to which buying Bitcoin using the DCA method definitely has the highest chances of success. Because the DCA method helps the most in buying Bitcoin deep.

In as much as the DCA accumulating strategy is the best among all accumulating strategy to acquire a huge stash of Bitcoin over a long period of time, it's not the only way that guarantees success as you are making it looks like, the lumps sum strategy is also there, the most important thing is holding very strong for a very long time. Why the DCA accumulating strategy is mostly recommended is that it has the most flexibility among all accumulating strategy because you will have to buy once your discretionary income is available on your own term, and as a low or average income earner, you can invest easily, but it's not a guarantee to be a success if you are not thinking long term.

All of these aforementioned methods are strategies used to accumulate bitcoin and never a guarantee that such will make you hold bitcoin for the long term. As an investor whose focus is on the long term goal of accumulating and hold, it’s not just all about you buying bitcoin either with the DCA strategy or lump sum or which ever method it is, there are key factors needed to also put in place if you truly want to achieve this feat. You must make sure that first of all, while accumulating you should always do so with just your discretionary income, which ever method you’re using as far you’re accumulating with your discretionary income, then you’re good to go and also building up your emergency funds alongside while accumulating bitcoin incase of an unexpected financial emergency occurs you don’t have to tend towards selling your holding in order to get the money to solve such emergency. Also, a very good financial management skill is important here. But above all, in which ever method you’re using, always accumulate with your discretionary income if truly you want to stand a chance of achieving your long term goal of consistently accumulation of bitcoin and hold .

[ruykeri]

Yeah, Long term investing in Bitcoin is about patience and portfolio growth and not short-term gains. Selling every time the price spikes turns an investor into a trader and that thinking is difficult to reach your accumulation goals. The true benefits of Bitcoin arise from holding on for several years, to let the compounding effect of price growth work in your favour. Staying disciplined, not being bothered by short terms and focusing on building your portfolio piece by piece is what separates long term investors from those who chase quick profits. Your approach of waiting until you have your target accumulation is the exact way that sustainable gains are made.

I agree with you that investing in Bitcoin requires patience and a strong mentality. Because long-term investment in Bitcoin is not a short journey. Therefore, we must be able to align our intentions and goals more clearly. Investing in Bitcoin isn't just about making a profit; there are far more beneficial benefits than that. In my opinion, one of Bitcoin's most valuable benefits is protecting our assets from inflation. I believe this is far more beneficial than simply seeking profit. Besides gold, I believe Bitcoin is a truly powerful asset that retains value. With this in mind, we must be able to align our investment intentions with the right ones. I'm sure we're investing in Bitcoin for the sake of improving our future lives. So, the bottom line is that we must remember this and avoid being tempted by short-term gains.

In reality, the purpose of investing in Bitcoin is to make a profit and the point you have raised is very important. You said that investing in Bitcoin should also be aimed at protecting against inflation. In fact, inflation means that the price of the currency we have decreases, but if we buy Bitcoin with our accumulated income, then there will be no inflation in Bitcoin and the price of Bitcoin will increase over time, then ultimately we will make a profit. Whether we buy Bitcoin to make a profit or buy Bitcoin to protect against inflation, we will basically make a profit if we hold it for a long time.

You have compared Bitcoin with gold, in fact, the rate of increase in the price of Bitcoin is much higher than that of gold. Although the supply of gold is relatively low, it is not completely fixed. But the supply of Bitcoin will not exceed 21 million, as a result of which the demand for Bitcoin is relatively increasing day by day. If we look at charts, we can see that the price of Bitcoin has increased significantly compared to gold since 2017, and in 2021 it increased significantly. After that, the price decreased slightly, but now the valuation of Bitcoin has increased several times compared to gold.



In addition, if we look at the annual return and total return of Bitcoin compared to gold, as well as the average annualized return, there has been a significant increase. In terms of total return, Bitcoin investors have made about 900% more profit than gold over a period of more than 5 years, and those who have invested in Bitcoin for the last 10 years have made about 40,000% return compared to gold.

Source

[I_Anime]

.
Every investor must set a target timeline to which his/her investment journey would last actively before thinking of a possible sell, with this in mind, such an investor creates or build up funds such as emergency and reserve funds through his discretionary income to enable such investment plan been achieved. An investor who fails to plan, already plans to fail. A set plan of targeted goal towards such an investment will serve as guide and road map to a successful Bitcoin accumulation process..

I largely agree with you that setting a target while investing in bitcoin is cool, but I don't prefer using timeframe to set a target in my accumulation because you might not be motivated to accumulate as much as possible, since you don't have a specific figure in mind, but if you have a target of accumulating like one Bitcoin or more in a specific timeframe, the enthusiasm and commitment will be there because he knows that he has to accumulate X unit of Bitcoin at a certain time, so their will be no room for complacency, and due to the fact that you has a target to meet, you will likely cut out any unnecessary expenses and channel that funds to your investment, so what am trying to say is that it is more better to set your target on achieving X number of btc at a certain time, than just investing with the intention of accumulating till a period of ten years thereabouts.

The truth is that you can't just keep accumulating , you will definitely have a goal something like an accumulation goal. And is still possible to buy once in a while after reaching that goal it all boils down to you and what is best for you at that time . Imo having a particular timeline as your target is some how , is best you have a fixed amount of bitcoin as your target because you might give yourself 5 years and still haven't gotten far with your accumulation. So for instance your goal is 2 BTC , so your target will be that two if you don't later have a change of plan, so having that goal will definitely help you being more serious and more aggressive with your investment when accumulating.

[AYOBA]

In as much as the DCA accumulating strategy is the best among all accumulating strategy to acquire a huge stash of Bitcoin over a long period of time, it's not the only way that guarantees success as you are making it looks like, the lumps sum strategy is also there, the most important thing is holding very strong for a very long time. Why the DCA accumulating strategy is mostly recommended is that it has the most flexibility among all accumulating strategy because you will have to buy once your discretionary income is available on your own term, and as a low or average income earner, you can invest easily, but it's not a guarantee to be a success if you are not thinking long term.

Although they are saying that the DCA strategy is not the only way that guarantees success in Bitcoin investments, but all know is that the DCA method has overthrown the other strategies; that’s why a lot of people prefer to use it over any other strategy. Because if we look at it even in terms of accumulating the Bitcoin, it is easier and also saves money.

The only thing that anyone who have interested in the bitcoin investment or accumulating bitcoins for a long period of time needs to have is what you stated earlier, which is sources of income, because if a person has any other means of earning, they enjoy accumulating bitcoin more by using the DAC method.

[Y3shot]

The truth is that you can't just keep accumulating , you will definitely have a goal something like an accumulation goal. And is still possible to buy once in a while after reaching that goal it all boils down to you and what is best for you at that time . Imo having a particular timeline as your target is some how , is best you have a fixed amount of bitcoin as your target because you might give yourself 5 years and still haven't gotten far with your accumulation. So for instance your goal is 2 BTC , so your target will be that two if you don't later have a change of plan, so having that goal will definitely help you being more serious and more aggressive with your investment when accumulating.

The real goal for real bitcoin investors is to invest bitcoin aggressively and no need to slack. Bitcoin investment is continuous because their is nothing retirement for investment so far as we have inflation and we also make use of Fiat in earning and for peuchasing. Meeting up the target and taking a break or going slow with bitcoin investment it means you are comfortable with inflation and the Fiat which is known for depreciating in value.  We dont get tired in investing , target and goal is to accumulate good amount of bitcoin.

[HajiBagi]

In the case of investment, if Bitcoin cannot be held for at least one cycle, then it can never be called long-term. As we know that one cycle is completed every four years, and for this, the investor can hold Bitcoin for any period of time above the minimum of 4 years. The longer the investor can hold Bitcoin, the greater the possibility of his return. If it can be observed before and after each cycle, it will be very clear about this fact. The Bitcoin market is always volatile, long-term investors can use this volatility to increase their Bitcoin accumulation. Those who are long-term investors and regularly invest, on the one hand, get the opportunity to increase their Bitcoin portfolio, and on the other hand, if the price of Bitcoin increases, it creates the opportunity to take even bigger returns.

I think in this time where we find ourselves now, people have a better understanding of what Bitcoin is all about. Some years back, people just tried to invest in Bitcoin without knowing what it is truly about. It is important for those who want to invest in Bitcoin to prepare their minds and understand that Bitcoin is a long-term investment. If you are not sure or willing to invest for the long term, there is no need to invest in Bitcoin, because planning to hold Bitcoin for a short time is not always productive. Bitcoin investment is a long-term investment, and there is no two ways about it. I think investors need to work on their mindset first before investing, because if you are not prepared for the long term, it is impossible to make it big in Bitcoin.

I think people who invest in bitcoin some years ago do so because they trust and believe what bitcoin will be in the future. The reason why some people don't have the mind of holding bitcoin for a long term is because they don't trust bitcoin and believe what they are doing, in this life, you have to believe in everything you are doing to be able to achieve your goal. What people need to do is trust and be patient with what they are doing, no matter of how it is , if you don't trust bitcoin before investing in it, you will always panic when the price drops.

Some people need to understand that bitcoin is not a short-term investment, and that being patient is the best way to hold for the long term. This is why it is not advisable to invest all of your money or money for your daily expenses in bitcoin, because some people lied that they needed money, which is why they decided to sell their bitcoin. As a good investor, your plan should be to continue accumulating bitcoin rather than holding for a short period of time and selling when the price rises.

[Spaceman1000$]

In the case of investment, if Bitcoin cannot be held for at least one cycle, then it can never be called long-term. As we know that one cycle is completed every four years, and for this, the investor can hold Bitcoin for any period of time above the minimum of 4 years. The longer the investor can hold Bitcoin, the greater the possibility of his return. If it can be observed before and after each cycle, it will be very clear about this fact. The Bitcoin market is always volatile, long-term investors can use this volatility to increase their Bitcoin accumulation. Those who are long-term investors and regularly invest, on the one hand, get the opportunity to increase their Bitcoin portfolio, and on the other hand, if the price of Bitcoin increases, it creates the opportunity to take even bigger returns.

I think in this time where we find ourselves now, people have a better understanding of what Bitcoin is all about. Some years back, people just tried to invest in Bitcoin without knowing what it is truly about. It is important for those who want to invest in Bitcoin to prepare their minds and understand that Bitcoin is a long-term investment. If you are not sure or willing to invest for the long term, there is no need to invest in Bitcoin, because planning to hold Bitcoin for a short time is not always productive. Bitcoin investment is a long-term investment, and there is no two ways about it. I think investors need to work on their mindset first before investing, because if you are not prepared for the long term, it is impossible to make it big in Bitcoin.

I think people who invest in bitcoin some years ago do so because they trust and believe what bitcoin will be in the future. The reason why some people don't have the mind of holding bitcoin for a long term is because they don't trust bitcoin and believe what they are doing, in this life, you have to believe in everything you are doing to be able to achieve your goal. What people need to do is trust and be patient with what they are doing, no matter of how it is , if you don't trust bitcoin before investing in it, you will always panic when the price drops.

Some people need to understand that bitcoin is not a short-term investment, and that being patient is the best way to hold for the long term. This is why it is not advisable to invest all of your money or money for your daily expenses in bitcoin, because some people lied that they needed money, which is why they decided to sell their bitcoin. As a good investor, your plan should be to continue accumulating bitcoin rather than holding for a short period of time and selling when the price rises.

I also feel some investors with such level of impatient are investigating not with their descriptionary income, there is a whole lot of difference when you meet an investor that is investing in Bitcoin with his discretionary income, their aura is always different, their approach and understanding of the concept of bitcoin investment seems out of this world, bitcoin they do it with a lot of peace of mind, with no anxiousness to withdraw or sell in a short term. The mindset is a strong tool, hence your not properly nurtured with the strategy you should use from the beginning, you might, then those inconsistencies in not having a long term plan will begin to creep in.

[Nightwatchmare]

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Every investor must set a target timeline to which his/her investment journey would last actively before thinking of a possible sell, with this in mind, such an investor creates or build up funds such as emergency and reserve funds through his discretionary income to enable such investment plan been achieved. An investor who fails to plan, already plans to fail. A set plan of targeted goal towards such an investment will serve as guide and road map to a successful Bitcoin accumulation process..

It is good for every investor to set a target timeline to which his/her investment journey should last, but in my opinion, it's not necessary for investors to set a target timeline of when their Bitcoin investment journey should last because it's likely to make some investors become over aggressive in accumulating Bitcoin so that they can meet up with their investment time, and at the end they will end up selling their Bitcoin investment too early. We should just be accumulating Bitcoin without setting a timeline so that we won't be under pressure to meet up with our timeline and end up getting out of the game.

[Loyang]

It is good for every investor to set a target timeline to which his/her investment journey should last, but in my opinion, it's not necessary for investors to set a target timeline of when their Bitcoin investment journey should last because it's likely to make some investors become over aggressive in accumulating Bitcoin so that they can meet up with their investment time, and at the end they will end up selling their Bitcoin investment too early. We should just be accumulating Bitcoin without setting a timeline so that we won't be under pressure to meet up with our timeline and end up getting out of the game.

How goals and time frame can make you buy aggressively. If you are willing to invest, if you do not know how many bitcoins to save or deposit in your portfolio and how long your investment period will be, then how will you maintain your holdings in the long term. First, you need to determine the time frame of your investment, for how many days you will invest.

Without basic knowledge and awareness, a person always adopts the wrong approach. First, a person needs to gain basic knowledge about Bitcoin, then he will be able to understand which one will be good for his investment. When a person loses patience with his investment and later, after not being able to deposit enough bitcoins in the portfolio, he becomes very worried about the investment before the deadline and when he sees the profit of the investment is very low. Then a person can do such an activity, but an investor will never do this, a business always does this

[laijsica]

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Every investor must set a target timeline to which his/her investment journey would last actively before thinking of a possible sell, with this in mind, such an investor creates or build up funds such as emergency and reserve funds through his discretionary income to enable such investment plan been achieved. An investor who fails to plan, already plans to fail. A set plan of targeted goal towards such an investment will serve as guide and road map to a successful Bitcoin accumulation process..

It is good for every investor to set a target timeline to which his/her investment journey should last, but in my opinion, it's not necessary for investors to set a target timeline of when their Bitcoin investment journey should last because it's likely to make some investors become over aggressive in accumulating Bitcoin so that they can meet up with their investment time, and at the end they will end up selling their Bitcoin investment too early. We should just be accumulating Bitcoin without setting a timeline so that we won't be under pressure to meet up with our timeline and end up getting out of the game.

Investors can continue to invest as long as the income stream continues to flow rather than deciding how many years they will keep investing in Bitcoin. That is why you can set a weekly amount to invest. Consistent weekly or monthly investments will help you reach that target and achieve your financial potential permanently.

Some investors do not set a time frame for their Bitcoin journey, they set a target so that their investment will continue for as long as their discretionary income stream continues to flow. If you can start investing in Bitcoin from your educational period and continue to accumulation Bitcoin according to your income for three consecutive cycles you can be in a great financial position. Relatively young and new investors should focus on depositing Bitcoins in small amounts and not be aggressive in investing.