Topic: Buy the DIP, and HODL! - page 299. (Read 123745 times)

But other people don't know how to deal with other risk and they find out that investing on bitcoin can give them security rather than thinking about to invest on other altcoin especially if their aim is for long term.

If they can go with 100% into bitcoin then its fine this coin is the top coin so there's high chance for them to get rewarded on their investment decision made. I know some may skeptical since market is so volatile but if we look at on situation for other altcoin where we don't have any idea if they can go up or they are safe with scam. That's why instead taking those unknown risk much  better for new people to focus on investing on bitcoin for a while since for sure they can learn from the experience they encounter.

Yeah actually it is very important for an investor to evaluate the risk involved in the kind of investment he wants to venture into before analyzing the profits that would come along with it because that's exactly what would make him to stand strong in a case where things doesn't work out as he expected but however, it's also good to be positive about any investment one chooses to venture into inasmuch as you've ran some security and background checks of the aftermath of your investment in the future.

Inasmuch as Bitcoin investment is concerned, having diverse source of income is very necessary for any investor that wants to be active on the buying and hodling process using the DCA.

Land is a good investment in the sense that the value tends to increase with time but however it's not advisable to buy lands that you don't intend to project anything on it except you're buying it to resell in the future when the value seems to have appreciated.

Basically, if one is a bitcoin investor doesn't necessarily mean that you won't focus on other businesses because without having a regular means of income then how can you meet up the DCA. So focusing more on the area that our income are being generated from should be of high level of importance and priority to us as that's the only way to keep our investments running.

From the way you sound, it like you are a rich guy, but if you are not, then you don't want to be realistic with yourself. Apart from cash and bitcoin, that one can have possession to even the poor. Gold and land properties are expensive to get as a poor or average person, which makes it like a dream that may/may not come true. Bitcoin has given the privilege to everyone to invest in irrespective of status whether rich or poor. It is easy to start investing in bitcoin, as long as you have a means of income. Keeping aside your emergency funds, monthly expenses and reserve funds is all you need, and from there any left over can be put into bitcoin investment regularly through DCA. Before you know it your bitcoin stash will keep increasing as long as you hodli for a very long term. You should also understand that bitcoin gives the highest profit than any other investment that you can think of. When you have reach your bitcoin target, or close to your bitcoin target, when you feel that you have enough bitcoin in your possession, you can diversify into land, or gold. It will be a distraction for you to think that you can start up two investments at the same time. You must first achieve one before the other, and that is why bitcoin invest is the easiest to get started when you are prepared for it, you should also note that investment is made for a long period of time for great results. All that you mentioned is what everyone will desire to have as their investment but we might not be able to have them all, but with investing on bitcoin first might gives a higher advantage of you investing in all of them.

No, I'm actually not. Learning what you're investing in is simply common sense. Isn't "Don't Trust, Verify" one of the most important mottos in the Bitcoin community? I know it's applied in a more technical matter where the network validates each and every transaction, removing trust. But in my opinion, it also applies in life to be successful, AND yes, learning about how and why Bitcoin is valuable, not just in a financial definition but also in a technological/social matter, will add to the person's conviction. We're very lucky to get this opportunity.

IMO I think it's not very good to invest all your fortune in one asset no matter the quality or the tendencies of it giving you results, when investing we should have in mind that investing has it's risk and one of those risk we should have in mind to prepare for is if thigns go totally wrong or unfavourable, just imagine investing in bitcoin with all your fortune and it doesn't go out well for you, and you didn't have any back up plan to fall to, and at times having only one investment increase the risk of panic cause every news begins to matter to you and at a time you might start to feel unsure about your decision.

I'm not saying investing in only one asset is bad, but as he said going all in which in my opinion might mean investing all or only in Bitcoin, I think it's good we start with accumulating bitcoin then after we have reached a level of accumulation we diversify into other things maybe having cash, building a business or even buying shares in some company. All this are other safe and good options amongst many that one can invest in.

But if you want to invest 100% in bitcoin which I have seen many do and are still profitable, its not a bad idea but have a back up plan in case things go wrong, don't act so sure about anything because of its past performance.

is investing into land actually safer than investing into bitcoin? I doubt. I don't know how investing into land works in your area but for mine, that's one of the most risky thing an average person could think to venture into. Most of the land I know of could easily be taken over by the government for reasons best known to them and in most cases the owners don't end up being compensated for, and you think that's not risk right?

Should we talk about the situation where you bought a land in an environment that suddenly went into war and you can't even think about going to see your land for your own safety?

It's not like investing into land is a bad idea or can't be profitable in the long run but lands that are obviously appreciating in price is always too expensive and the competition among buyers tend to be much and if you are not careful a particular portion of land could be sold out to two people without them ever knowing coupled with the other fact that for someone that's not still strong financially, you can't really think on accumulating lands bit by but because the least plot of land in a growing area is quite expensive relative to accumulating bitcoin bit by bit with the use of the DCA method.

Also know that Every investment comes with it own peculiar risk and that's where the maturity to deal with those risk comes in. The thing has always been to choose what works best for you depending on your financial capability and work with it. If you're not strong financially, you can't be everywhere investing into everything that comes your way and so it's only best you choose the best investment option and stick with it.

You have to understand that not everyone thinks or reason the same way,  most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go in all on an investment when they believe in the project, without considering what might happen if it goes against them.

But as for me, I prefer to have some other business working for me aside my Bitcoin holding, and if am investing into cryptocurrency, it's only Bitcoin I am considering because to me it's only him that is worth it, though I don't fancies gold, but land is very good investment to consider.

Right now what am doing is just focusing on my business which have been the brain behind my ability to be funding my DCA method weekly,  and also standing as a source of regular income, that have kept me going during this accumulating process.

Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment  that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make

If an investor knew more about Bitcoin, he would not worry about the price. He will focus on accumulating more Bitcoins using the DCA method. He will also not hesitate to allocate some monthly funds to continue investing.

But if someone doesn't learn more about Bitcoin, especially how to use the DCA method well, he may be worried about the ups and downs of Bitcoin prices. That will make him uneasy about investing. That is why if someone decides to invest in Bitcoin, he should be able to learn more.

For Bitcoin investors, they already consider Bitcoin to be the best investment. They will continue to try to accumulate more Bitcoins. Even though they have just started, that doesn't mean they are too late because there is still plenty of time for them to collect Bitcoins. The time limit for Bitcoin investment will depend on each individual. We are fully responsible for the Bitcoin investment, including when we will sell it.

A person who invests in Bitcoin will never worry about the price. Because the DCA method of investing allows you to invest in any position at any time, as it controls the average of the Bitcoin price.
That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin


Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe

literally there's no investment without any certain risk attached to it. Talking about risk in Bitcoin, yes!! Bitcoin have some that's still attached to it because of it's volatility. But still the fact still remain bitcoin one of the best investment, most time the reason why some people are still saying  that the risk in bitcoin too much is because they don't have the mindset of long investment (also don't understand the concept of investing in BTC). Because doing long-term investment is constant that doing the holding the price would surely move up and down. But still before bitcoin hit it's current it's experience alot of dip and increase first. But investors that hold doing those time till now would they be in profit No!. They would be in massive profits. Neutralising the risks with good strategy and healthy holding.

While its come to thinking of investing in other project, because we all know they are different types of investment. Which may help in also getting good asset, but am not normally freak by such investment. Because I have a certain goal to hit In my bitcoin with the use of DCAing and other suitable strategies, so am focusing more of my percentage in accummulating BTC and other for emergency funds. So if you're someone that also interested in investing in the Other investment outside or inside this space and you accumulating BTC try and focus more percentage in the accumulation of  bitcoin.

We understand that there are other investment portfolios that one could consider outside Bitcoin but the truth is that our focus here is Bitcoin and how to make the most of it. There is therefore no basis for this comparison because even the forum is Bitcoin focused. Instead of the comparison, we could channel the energy on how to collect more Bitcoin as the future is already looking so bright.

We are not actually considering investment for quick profits like trading which is what your post sounds like. As the title of the thread said, we are discussing long term investment and in that aspect, the dip is seen as an opportunity to buy more for those using lump sum or collect more Bitcoin for the same dollar value for those using the DCA method. Whatever be the case, a long term investor is not really perturbed by price fluctuations or dips because every market condition is an opportunity to accomplish something.

Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.

DCA strategy is one the best strategy in bitcoin investment.An investor that wants to be successful in bitcoin investment must adopt the DCA strategy because it helps to reduce the risk of volatility by investing small amount in bitcoin.DCA strategy also help bitcoin enthusiast and investors to buy bitcoin for a long period of time despite the price of bitcoin.

Yes I agree with you that selling of your bitcoin at your maturity date doesn't constitutes a mistake generally. But we can not rule out that there are those who has sold bitcoin in the past by mistake. I think those set of people never believed that bitcoin would get to this level. They got lots of bitcoin at the early stage and due to lack of understanding of what they had, they sold off too early or by mistake. If you come across those investors and ask them, most will agree they sold their bitcoin by mistake. I just want you to understand that many people sold bitcoin by maitake.

This is one of the reasons why bitcoin is more attractive than other investment assets. We can freely hold bitcoin because the decision is entirely in our hands. I personally don't like something that can restrain me and that I don't find in bitcoin but I can freely do anything.
For those of us who have been in the bitcoin space for a long time, we must have gotten benefits that we cannot get anywhere else. That is why we all stay here because we already feel the benefits.
When we first got to know bitcoin we must also have the same doubts about bitcoin, but that slowly disappeared when we really knew bitcoin completely.

Yes, despite the strong feeling towards Bitcoin it is very unsafe to solely become much dependent on the profit to be gotten from our Bitcoin investment. Aside Bitcoin there are other physical investment that could be worth our money especially when a person has enough resources to meet up his Bitcoin investment and the alternate investment.
Bitcoin would give profit same with the other but in the case of Bitcoin likely as you said, may not be able to get the opportunity of collecting back your profit at the right time at which it is needed due to the market experiencing a dip.

Careful with your use of the term "crypto" because some folks might wrongly understand that there is some kind of value in being enthusiastic about shitcoins, when the real value is in bitcoin, and hopefully not too many here are very distracted into shitcoins, except maybe less than 10% of the value of their BTC if they cannot control their abilities to get distracted into shitcoins - or maybe the consider various shitcoins as potential testing grounds for bitcoin, which surely could be the case to the extent that they are not scamming people, distracting from value and/or printing money.

Regarding your point about real estate as it compares to bitcoin, of course, bitcoin is much more liquid, and of course, real estate has a lot of utility value in terms of its tangibility - even though its investment value has a lot of corruption with existing debt systems and taxing systems, but still does not necessarily take away from its value.. but just in a different category from bitcoin - even though bitcoin is likely going to continue to evolve to touch upon all value systems, and to the extent to which monetary value is held in real estate and even in other categories of investments such as equities (stocks), commodities, bonds, and various forms of cash/cash equivalents, in various ways, bitcoin is a more efficient ad more sound storage of value and a more pure and fair money, so value will continue to gravitate into bitcoin over the coming 50-200 years, and surely most of the other various ways to hold value will still hold some of their value, but likely not as much of a monetary premium as they currently have since bitcoin is better and in accordance with Gresham's law monetary value does tend to flow into the strongest, which means that you would spend your lesser value monies prior to spending the soundest of monies, and in this case, bitcoin is the soundest (at least right currently and likely into the future, even though it could take a long time for the various rebalancings to play out).


You seem to be saying something slightly different from what you were saying originally, even though perhaps you are sticking with your guns in regards to some necessities for some basic kinds of knowledge and/or conviction about bitcoin, and in that regard, I might not be saying anything too different from you - except probably I am differing in regards to my emphasis to get started investing into bitcoin right away and figure out the details as you go, and of course, the most important details happen to revolve around personal finances, and I stick to my original assertions that technical knowledge about bitcoin is not very necessary, but surely having some ideas about its design facilitating the soundest of monies is a good thing, yet how it does that can be learned along the way, and likely as people learn more and more about bitcoin, it is likely that they will come to realize that each detail of bitcoin is amazing, like you mentioned proof of work, but also the difficulty adjustment and the various ways of confirming the proper chain so that there can be no more than 21 million bitcoin..

and some of the technicalities can become quite difficult to understand - but some assurance can come from bitcoin continuing to run for more than 15 years in spite various attempts to attack it and break it... so the details are likely not even really known by long term hodlers... yet there likely still are needs to get started investing into bitcoin sooner rather than later and also to adjust position size in accordance with personal finances, with perhaps a beginning goal of 5% to 25% allocation towards bitcoin that might take a while to reach.. while at the same time studying the matter to figure out if a change might need to come in terms of allocating outside of that range and then considering how to treat ongoing and likely inevitable volatility in regards to BTC price changes.


The current fact of the matter is that an overwhelming majority of people are either no coiners, and are way too under-allocated to bitcoin - even people who have already started to invest in bitcoin, so in essence, the likely way forward is for more people to get the fuck started and get some kind of allocation and figure out the details later.. .and yeah there are some people who do not want to study shit and don't want to look into anything and they just follow others, and maybe those people should only get a 1% allocation to bitcoin, even though the overwhelming normies should be able to tolerate 5% to 25% and to figure out why they are allocating 5% to 25% into bitcoin.. especially while there likely is an emergency in terms of their getting the fuck started, especially when their fiat and other various value systems are ongoingly debased because of the ongoing debasement of the dollar and other fiat currencies...; so act now normies, no coiners and low coiners or continue to get eroded and debased.. the choice is yours.

By the way, right now there might be even more urgency to get the fuck started rather than waiting, especially since it takes a while to figure out how to get coins and especially since we have a lot of rich people coming into BTC and the price is likely to pump in the coming years.. and at the same time, people still have to be careful not to reck themselves in terms of managing their own finances and taking responsibility over their own actions in regards to how to invest, how much to invest and/or not to invest.. those are all choices and each person is responsible for themselves. and the ramifications of their actions and/or non-actions.


Great that you have more than a year investing into bitcoin.  What are you planning to do after 7-8 years?  Do you have any tentative plans in that direction?  You going to sell it all and buy something or do you have some other kind of plan?


You are correct in what you seem to be saying arwin100.  There is no miracle in terms of being in profits for anyone who has been ongoingly investing in bitcoin in the last year or two - especially since we are currently at all time higs over those past two years, so there is no way anyone would not be in profits as long as he is only buying and not using leverage and/or trading.  

Actually if anyone has been consistently buying throughout bitcoin's history, he would currently be in profits, and the ONLY exceptions would be those who bought only in 2021 at prices higher than $52k.. (which would only be around 130 days in bitcoin's whole history that would fall into that category in which prices were higher than current prices) and did not buy before that and/or after that, which surely would be a kind of short-sightedness and lack of personal financial fundamentals, but surely there are some folks who fit in that category of short-sightedness (but they are exceptions to normal, so we should not dwell on those kinds of dummies when we are trying to figure out what to do for ourselves).  


This is exactly true.  The recommendation is to be as aggressive as you can without being overly aggressive, and surely newbies are not likely to be in a position to be aggressive right from the start, even if they have some level of money that they can both throw straight in as a lump sum and even they have potentialities to either use all of their discretionary/disposable income or to take loans, those kinds of strategies would not be investing, they would be gambling.. which surely should be a measured approach, even if someone is able to employ some of the more sophisticated kinds of tools.  

Best case scenario, someone smart like michael saylor was a newbie to bitcoin in mid-2020 and came into bitcoin fairly aggressively right from the start. but he is already a pretty sophisticated person and he never outspent his cash inflow nor his keeping of various cash reserves.  He became more and more aggressive with the passage of time, and used leverage and other kinds of sophisticated debt instruments to acquire more BTC, but at the same time, he was (and is) a very sophisticated player (even as a newbie)...

Most newbies do not have the kinds of cashflows as Saylor, and even if they did, they have to make sure they tailor their approach and learn as they go.. which surely could take several months of studying bitcoin, and maybe they start out investing $10 per week while they are studying bitcoin even though they might be able to do $100 per week, they make sure they get their finances and psychology in order before they increase to $100 per week and then maybe they also come up with other funds that they might have..

and there are differences also with folks who completely rely upon monthly cashflows versus others who might have lump sums to invest, but even the lump sum person might have $100k in his investment portfolio and 10% (or $10k) cash available) that he is ready, willing and able to invest into bitcoin.. and maybe at the most that the newbie should invest into bitcoin would be between $3k and $5k (that would be 30% to 50% of that available cash) while they figure out their finances, psychology and also get oriented to some of the basics of bitcoin. which might need 100 hours or more of studying time, and surely there are folks who spend 100s and even 1,000s of hours studying bitcoin, which might not be necessary to get started, but might be necessary in order to reasonably (and justifiably) increase levels of aggressiveness of investing into bitcoin.


Purchasing BTC randomly could likely still reasonably fit within the concept of DCA.. but I suppose what you are suggesting is that you were not very consistent in the frequency of your purchases, so you would have had not considered what you were doing as DCA.. even though it could have had loosely qualified as a form of whimpy and unorganized (random as you say) DCAing.


You are still early.. so do as best as you can to be as aggressive as you can without overdoing it, and think long term with every time that you buy any BTC. .which is 4-10 years or longer, and it is quite likely that your earliest of purchases will compound more than your later purchases, yet since bitcoin is so damned volatile, you might have some of your later purchases outperforming your earlier purchases.. and at the same time, there likely remains a lot of value in being able to focus more on trying to stack as many satoshis as you are able to without getting too preoccupied by how much they cost.. and then also to figure out ways to secure them in private and secure wallets.. and surely right now, I am suggesting that when possible to keep the minimal size of your UTXOs in the $500 to $1k range .. which would be 1 million to 2 million satoshis.... and sure if you have some UTXOs that are smaller than that. even in the 100k to 200k range, then you might not need to sweat over it, but just realizing that sometimes those smaller UTXO sizes might give you fewer spending possibilities in terms of how economical they might be to spend.


Fuck shitcoins.  Why do you have to bring up that nonsense here?  We are talking about bitcoin.  Stop getting distracted with nonsensical, misleading and vague frameworks that hardly mean anything.

If you are talking about the bitcoin market, then talk about it, no need to refer to shitcoins and some vague, meaningless and misleading terminology in terms of describing what it is that you would like to say, unless you either want to distract people or if you, yourself, are distracted.


Ok... great.  I guess that you at least understand that part.


This part of your post makes a lot of sense.  Trading is not completely bad or anything like that, and some people, especially, in poor countries with few opportunities for decently paid jobs, they can end up making enough on trading in order to support themselves in ways that are much better than they could accomplish from a regular job - however at the same time, an overwhelming majority of the time, it is better to figure out various sources of income and to use your disposable/discretionary income to invest into bitcoin and to not be fucking around with either trading and/or shitcoins - and if you have a personality that you cannot help yourself from wanting to gamble and to trade and or to get distracted into shitcoins, then if you at least limit the amount of your exposure to that nonsense to less than 10% of your bitcoin holdings, then you can at least remain mostly focused in terms of making sure that you are prioritizing the value (which is bitcoin).


You are not wrong, but you have to be careful in regards to having those kinds of specific targets that end up resulting in trading rather than investing, so for example, if someone might decide that every time the BTC price doubles, he is going to sell 10% of his BTC holdings, then there is nothing really wrong with that in terms of the investment thesis and having sustainable withdrawal because 40% of the holdings would continue to compound, even after selling 10% after each doubling.. and so there could be variations of that which would be reasonable and consistent with ideas of trying to stay focused on investing rather than trading.

Now with the specific example of 10x, there could be some formulas for that too, but let me just stay with the idea of doubling.. .. so if we start out with 10 bitcoin at $5k (so that would be $50k invested.. I know I am using BIG numbers), then we could have various withdrawals and/or sales along the way and still experience compounding value, so if our first sale of BTC was at $10k, our numbers would end up looking like this.

# BTC   Fiat Rate   Total Value   Rake BTC   Rake USD   RakeUSD_Total
10.00000   $10,000.00   $100,000.00   1.00000   $10,000.00   $10,000.00
9.00000   $20,000.00   $180,000.00   0.90000   $18,000.00   $28,000.00
8.10000   $40,000.00   $324,000.00   0.81000   $32,400.00   $60,400.00
7.29000   $80,000.00   $583,200.00   0.72900   $58,320.00   $118,720.00

We would have sales of 10% of our holdings at $10k, $20k and $40k, and we would expect our next sale to happen at $80k... so the chart shows that if the BTC price went up to $80k, we would still have 7.29 BTC at that point, our BTC would be worth $583.2k, we would have had withdrawn (or sold) a  total of 2.81 BTC, and we would have received around $118,720 for the amount that we sold.

We could also add for the possibility of using some of the value that we sold for buying back, and that would be other formulas that are not necessarily inconsistent with the concept of investing, so long as we do not necessarily count on being able to buy back, but instead place some probabilities on the possibility that we might use some (or all) of the funds for buying back.

You can see my discussion of the matter in this post (and thread), and you can plug in your own numbers and timelines on the Google spreadsheet that fillippone created to assist with these kinds of thought exercises.


That sounds too much like trading and/or gambling to characterize these kinds of matters with two phases and to leave out what is likely the most important phase, which is the maintenance phase, which likely includes both accumulation and liquidation and ways to manage your holdings for long periods of time after you have spent considerable amounts of time accumulating BTC and without necessarily ever completely liquidating your BTC holdings, perhaps not even at death if you either have goals of passing them down or if you might just want to die with whatever coins you had accumulated through your life (and had remaining under your exclusive control at the end of your life).


Fair enough... accumulate BTC through primarily DCA, lump sum and buying on dips... and sure HODL also.


Even though you are using the term "liquidation," you are mostly describing maintenance rather than liquidation.. so you do seem to understand the most important phase of maintenance and management of your BTC holdings, which could likely end up being a life-time project in which you may well continue to learn and to improve upon your maintenance and management techniques.


I think that you are correct Dunamisx, but in our current world, including the existing dynamic that so many (if not all) of our expenses are likely to be denominated in fiat, you still likely need to maintain some kinds of fiat balances that are not only limited to your expenses (on a monthly basis), your emergency fund, reserves and float, and the more BTC that you might accumulate and/or the larger percentage of your networth that ends up being in BTC, you may well need to diversify into some other assets, even if they still might have a lot of interwoven false value through various fiat systems.. which would include but not limited to equities, property, commodities, bonds, and cash and/or cash equivalents.

The threshold point in which greater diversification might be necessary and prudent is not always going to be clear, and might not completely apply to all people, but there could be some ideas that when you start to get into the territory of having more than a half of a year of your expenses/income in bitcoin and maybe you already have emergency funds, reserve funds and float that is also at least half of a year of your expenses/income, then it could start to be justifiable to start to diversify into other assets, even though it may not be necessary and some BTC HODLers might be comfortable with their BTC holdings having valuations of 2 years or more of their income/expenses before they start to conclude that it would be advantageous and/or beneficial to the solidity of their own investment portfolio (and wealth preservation/growth) to start to diversify into some of the other asset categories.


That kind of utility value of land and properties does not automatically mean that it is a better place to put your value, and especialy if you might be trying to be practical in terms of if you might be starting with close to nothing, it is way the fuck more practical to be able to invest $10 per week into bitcoin rather than figuring out some kind of way to own land/property that likely is not even going to allow you to invest $10 per week.

So try to think a bit more realistically PytagoraZ rather than automatically presuming land/property is a superior place to put your discretionary/disposable income.


One of the main ways of attempting to deal with bitcoins likely inevitable volatility is to adjust your investment size and your BTC accumulation practices to account for its likely inevitable volatility.

Another way of dealing with bitcoin's likely inevitable volatility is to make sure that your investment timeline is 4-10 years or longer, and if you cannot create at least a 4-10 year or longer timeline, then yeah, maybe your own ability to defer gratification is too immature to be able to qualify you as someone who is financially and/or emotionally stable enough to be a bitcoin investor.
 

Like what other investments? what investment is better than bitcoin? 

Yeah, you better get your financial shit together so that you are able to invest, such as making sure that you have disposable/discretionary income and that you have an emergency fund, reserve funds and a float, but there is no need to start with other investment prior to getting started with bitcoin.


You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin.

However, I always prioritize land assets above everything else because they can be used for investment or used to build a house for my children in the future.


Are you serious about this? yes, I like bitcoin but in my risk management calculations, bitcoin has high risk and the price is too volatile, it will bring big risk when I need funds suddenly, I don't want to sell my bitcoin when the price is low because of sudden need so having other investments that are stable is certainly important

Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need

That true, bitcoin cannot be compared with any other form of physical asset which are centralized, the part of the reasons to the most interesting aspect of bitcoin over every other form of asset is its decentralization, privacy and profitability which has been a wining edge already over others to follow behind, you cant have bitcoin as an alternative and try going for any other form of assets for an investment, holding bitcoin alone is profitable without any requirement or conditions attached as the other centralized asset requires from their investors.