There are many who do this, and I am one of them, especially now that we are in an uptrend, and that depends on the altcoins that we also hold. Personally, the other coins I hold are in an uptrend, and I am waiting for them to downtrend in the short term, and then I will take action to buy coins and then hold them again.
This is what I always do, to be honest, and of course it is also done by those who have extensive knowledge of trading as holders and even others who are not that deep in trading because they are just learning it too.
Topic: Buy the DIP, and HODL! - page 336. (Read 137569 times)
When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.
Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret. In the investment and personal finance world, the term "passive" has a specific meaning that revolves around getting and/or receiving income without working - in other words an investment can earn a passive income because either it bears interest or it grows in value faster than the rate that value is withdrawn from it.
It seems wrong and/or misleading to use the term "passive" as a way of describing how we are investing into something like bitcoin.. Sure there can be ways that we set up automated buys or we could follow a system in which we invest every week no matter what from our discretionary/disposable income, yet I still would not describe that as passive, even if there might be some automation involved in it.
Also, we could use income that comes from a passive source in order to invest into another asset such as investing into bitcoin from the proceeds of your property rent (presuming that you don't have to do any work for that property rent income)...
Sure, I might be quibbling about semantics, yet it seems to be frequent that guys are misusing the term "passive," and it can become quite confusing to either try to figure out what they are saying or what they mean, especially if they are most likely talking about income that they are receiving from working and maybe it does not even really matter so much from where they are getting their income because in the end, the amount of income that is coming in needs to be greater than the expenses in order to be able to invest with what is remaining and the remaining portion is described as disposable/discretionary income and so if they have $600 per month in disposable/discretionary income, they could be aggressive and invest at or near 100% of that into bitcoin or they could be more whimpy and invest only 10% or 20% of that into bitcoin.. so maybe you are suggesting a more whimpy approach is the same as passive, and I think that it is misleading to use the word passive when you might be talking about being less aggressive in the BTC accumulation approach.
For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.
Even though there are no guarantees in bitcoin, it seems quite likely that people who are thinking that BTC is at a current top and vulnerable to crashing, and so therefore they hesitate to buy BTC, and if they continue to hesitate to buy based on that kind of thinking which also relates to their thoughts of "being too late," then in 3-4 years if they still had not been buying BTC, they are likely going to see that bitcoin had landed in a place in which 5 digit bitcoin was not even available anymore and so those who had gotten in at current prices are looking like geniuses.
Again, surely not guaranteed, yet it is way better to get some kind of position size into bitcoin rather than presuming from the mere fact that we are hitting ATHs that there needs to be any kind of correction from here or even that BTC prices need to return to these price levels once (or if) they decide to go up... and even this year, we well could be experiencing a BTC price range that is bouncing around $120k to $180k (with $60k price moves to the upside and downside over a few months).. .again, no guarantees of these kinds of scenarios, yet the ONLY way to benefit from those kinds of possibilities is to buy some bitcoin and/or buy exposure to bitcoin (if for some reason you are not ready, willing and/or able to buy bitcoin directly, which would be the preferred way to hold your cornz).
My sister-in-law called me today to ask me that she has 1000usd to invest, and she asked me what I recommended, I told her, that she buy bitcoin, because even though it is close to its last maximum, she can still buy, but that she has two scenarios, if it goes down When it comes to price, you should not despair, but wait until it goes up, do not take out an investment, or lose patience, but you have to have the conviction that the price will go up, the other is that if you buy and it goes up, then she evaluates what she can withdraw, but which will recommend that less than $150k do not withdraw profits, it may not be in the Dip, but it is a good time to make an investment.
You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.
You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.
I think that you are suggesting that your sister-in-law gamble, and I think it is better to stick to long term investing of 4-10 years or longer, and if she wants to invest for shorter periods, then that is her choice, I would not get involved in her potential decisions to fuck around with shorter plays and/or gambling. Yeah, she is free to make those kinds of choices, but there is no winning in getting involved in those kind of short-term plays that are less than 2 years, and it surely is discretionary regarding how much to put in, how to put it in and when to cash out.. and we are not talking about trading/gambling with your bitcoin in this thread, so fuck trading and gambling.. especially with bitcoin.
Now in regards to long term investing and a potential initial investment amount of $1k, then there could be some way of figuring out how to divide that in terms of Lump sum investing, DCA and buying on dip. So in that regard, it would be good to know what the discretionary income is for that person for the next 6 months and how much of that discretionary income are they willing to put into bitcoin. Once you have the full number for the next 6 months, then you can figure out each of the three categories and also figure out the extent to which there is a preference to attempt to mostly front load the investment.
Let's say that the person has $1k right now and $200 per month over the next 6 months (so $1,200 coming in) and so that would be a total of $2,200 over 6 months... and yeah maybe she does not want to invest that much into bitcoin, yet if she is willing to put $1k into some investment right now, she must have some amount from her salary that she is willing to put into any investment on a regular basis, even if there might be a desire to skew the investment towards frontloading (buying now rather than deferring).
The answers are not always straight forward, but those seem to be the kinds of choices, and if the investment is presumed to be 4-10 years or longer there might be some tentative thoughts about what to do after 6 months or just to keep in mind a tentative plan for 6 months and then perhaps to revisit the matter when the 6 months are about to run out in terms of if any adjustments need to be made in terms of continuing to put value into bitcoin, and if value is continued to be put in then any new value should also have a 4-10 year or longer investment timeline from the time that it is put in (rather than using the initial investment time).
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Well said. At a larger scale, there is no reason to choose the short term investment over the long term, given that as investors, we all have one thing we pursue. Profit. Even though you are likely technically correct about the "profits," but you sound more like a trader and a person with a short term mindset if you are so maniacally focused on the "one thing" that you believe to be important. Long term investors might still want to be profitable in the long term but they may also not be focused on whether they are short term profitable or not and/or getting distracted by those kinds of considerations.
If anyone takes a bet on bitcoin in the long term they may well commit to it and hoping it to be profitable by the time they get to their 4-10 year or longer timeline in which they might change their strategies... while at the same time, they might be using their investment as a kind of hedge, in which any particular investment within their investment portfolio might not be profitable, but they cannot really know which parts of their investment might be profitable or not, but they are not necessarily focused on each of them being profitable at any given time, even thought they want their overall portfolio to be profitable and that the gains outweigh the losses including that they had chosen a good combination of products in their investment portfolio (I am not referring to putting shitcoins in your investment portfolio unless maybe you limit them to very small allocations, such as less than 10% (hopefully much less than) the size of your bitcoin allocation).
And if your investment plan isn't giving you the best of that, as a business person, I do not think there's any reason to venture in that direction.
You make choices and bitcoin is risky, but it hedges against dollar-reliant investments, and so bitcoin is a good thing to have in your investment portfolio (as a kind of insurance) even if it might not end up working out in the long run. And, so some of the more important questions would be how much to allocate into each kind of asset, and if you happen to be a beginner investor, you likely ONLY would end up having bitcoin and cash, and maybe after investing several years, then you might decide to start to diversify out to other assets (again not referring to shitcoins, though diversification generally means other kinds of asset classes, such as stocks, property, commodities, bonds and cash/cash equivalents).
If as investors, we seek the best out of Bitcoin, I'm certain in lies in long term investment as it is advisable to both low coiners and those who have gathered alot.
How many coins you have accumulated can make a lot of differences in terms of your investment choices, so lowcoiner are not in the same category as those who have accumulated a lot, and I would not even suggest that a low coiner is a good descriptor since low coiners might be some folks who are building their stash with aggressiveness but they still don't have enough coins, versus another kind of low coiner who is not aggressively even trying to accumulate coins.... So when I refer to low coiners, I tend to use the term derogatorily to refer to someone who is not even trying to accumulate coins. On the other hand, I would not consider a person who is still in the earlier stages of his BTC accumulation to be a low coiner, even though he perceives himself to not have enough coins.
People who do not have money to purchase many coins should heed to this, as short term investment may even lead to loss.
This part is true... it can take several years to start to get into profits, yet even the mere fact that you are in profits would not even necessarily start to mean that you need to sell any coins. Right now, almost everyone is in profits as long as they had been buying and holding and not selling or using leverage, yet even though they are in profits, they may well be really far from their BTC accumulation goal, which may well mean that they are going to need to continue to buy for the next 4 years or even longer and then maybe at some point they well start to consider if they are starting to have enough BTC yet or not... If someone has ONLY been in bitcoin for a year, and they are accumulating around 10% of their income into bitcoin, they still might consider that they want to accumulate for around 10 years before they start to think about what to do next, yet in the meantime, they can also consider if they might want to increase their accumulation pace up to a higher level.. and so it could be difficult to figure out a way to either increase income and/or cut expenses in order to be able to stack more bitcoin harder in the beginning rather than spreading out their investment over 10 years or longer, yet at the same time, there is ONLY so much any individual is able to do in terms of increasing income and/or cutting expenses.
Bitcoin broke its previous ATH. I haven't been able to check the market today due to a lot of busyness, so when I check the market now, I see that Bitcoin broke its previous ATH almost 19 hours ago, That price of Bitcoin is $69,427. But this ATH did not increase much from the previous ATH. But still I am very happy and glad that Bitcoin broke its previous ATH. I am a big believer in Bitcoin and it's a lot of faith that the price of Bitcoin will definitely rise above 100k and it will happen very soon.
Bitcoin broke its ATH right around 4 days ago, and then it broke it again, so you have repeated the same factually inaccurate bullshit on a couple of occasions. You might want to refer to Bitstamp when trying to figure out whether ATH has been breached or not and/or when.
I don't know why guys here keep repeating non-sense and factually inaccurate information.
The previous ATH from 2021 was $69k (and yeah there may have been some variance from exchange to exchange, but many of the forum regulars use Bitstamp as the standard, and that $69k high was from Bitstamp), and so about 3 hours ago, the BTC price breached the 2021 ATH, and went up to $69,210.. and then corrected after that. So our new ATH on Bitstamp is $69,210.
Here is a screenshot from about 3.5 hours ago.
The previous ATH from 2021 was $69k (and yeah there may have been some variance from exchange to exchange, but many of the forum regulars use Bitstamp as the standard, and that $69k high was from Bitstamp), and so about 3 hours ago, the BTC price breached the 2021 ATH, and went up to $69,210.. and then corrected after that. So our new ATH on Bitstamp is $69,210.
Here is a screenshot from about 3.5 hours ago.
Many doesn't expect that to happen since $20,000 big at that time and many doubt that it will be so hard for bitcoin to pump on that amount or more bigger than these since many are afraid for the possible dump to happen.
But for so many times it proves us that if we keep doubting there's nothing to gain and we regret our decision for not buying while bitcoin is quiet affordable. For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.
Yes when we talk about the situation of bitcoin in the past few years then it is true that many people are hesitant to buy because they think that the price is already quite high and they are worried about a dump that will make them experience a loss, but actually we don't have to talk about something that happened in the past because actually such worries and anxieties will continue to occur as long as bitcoin still exists, we can see that now bitcoin is in the area of all-time highs and isn't it a fact that there will be some investors who feel hesitant to buy when the situation is like this? of course.But for so many times it proves us that if we keep doubting there's nothing to gain and we regret our decision for not buying while bitcoin is quiet affordable. For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.
In fact bitcoin can break all the doubts that exist in the minds of most of us, which means it is never too late in terms of accumulation, you can allocate your money at any time because bitcoin will continue to rise over time, but remember in addition you must really have a proper understanding of investment, make sure that you understand that however investment can never escape the name of the possibility of loss, which means that you are more advised to put an amount that is not for other needs in your life, this is useful for minimizing the occurrence of emotions and disturbances in your mental and psychological or to minimize "worries" when bitcoin is experiencing a correction. On the other hand, yes as you said that doubts will only end in regret, which means that if we continue to prioritize doubts I make sure that you will never be able to achieve profits, meaning that accumulation requires intention, determination, sincerity and courage because if you want to get profits then obviously you have to dare to take risks but make sure not to exceed your limits, as I said above, namely allocating money that will not be disturbed for other things, and believe your accumulation plan will be able to reach a "tantalizing" point in the future.
Bitcoin broke its previous ATH. I haven't been able to check the market today due to a lot of busyness, so when I check the market now, I see that Bitcoin broke its previous ATH almost 19 hours ago, That price of Bitcoin is $69,427. But this ATH did not increase much from the previous ATH. But still I am very happy and glad that Bitcoin broke its previous ATH. I am a big believer in Bitcoin and it's a lot of faith that the price of Bitcoin will definitely rise above 100k and it will happen very soon.
mehn! It can't be less fulfilling seeing how the market has been very impressive and consistently proven all critics wrong every step of the way.I had a friend who never saw it wise to invest during the bearish season but rather chooses to accumulate bunch of altcoin in his portfolio that have dropped a lot. We got talking this morning and you could literally see regrets in his eyes when I showed him how within some couple of months BTC has risen from aroumd $39k it was at the time he invested into those altcoin to this current ATH.
It's now obvious that at any point you decide to start accumulating , if you're patient enough, you will still be in profit. The journey continues above $80k. Believe.
We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.
So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
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But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.
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This thread is a place to learn, if you look very well you will see that this thread has been existing for many years. You will also noticed that we have Legendary/Hero members who has been in the bitcoin investment long before you and I started our bitcoin journey. We have been following their teaching and gradually we have been seeing growth by following their guidelines. You as a newbie should follow suit when they are telling you things that will help your life, you should stop arguing and making unnecessary analysis which are not relevant. Bitcoin investment profitability is for long term and not for short term. Judging by your analysis, can you compare the profit of those who invested in bitcoin 10 years ago and still holding with those you said bought in September 2023? As a newbie if you want to grow, listen more than you teach because it will profit you more that way.
Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.
Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.
The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.
exactly, Short-term investment can be profitable but the risk attached to it is too much compare to that of long-term investment, due to price fluctuations. And other thing about short-term investments is that one can easily it turn it to gambling, like in a scenario whereby there's a hype in market, due to such hype market experience a surge in prices and due to FOMO one may come up with the thought of diving in all at once inorder to be catch in th wave ( during the increase of prices in market) with the thought of making some profit as the market increase, which would make one to be restless while he or she keep checking Market charts . But at the end market didn't went their way they would endup selling in loss because their aim was to get short-term profit and they won't want their funds to get stock. While those who are holding won't be bothered with such because their mind as already being set for long-term investment, though it may take alot of time depending on one target but at the end you would Found that it all worth it .
Talking about short term investment in some kind of way might actually make this thread some worth contradictory, I really think we should stay in track, I don't think talking about it is going to add any meaning to this thread, there are better board to actually discuss that,
Bitcoin broke its previous ATH. I haven't been able to check the market today due to a lot of busyness, so when I check the market now, I see that Bitcoin broke its previous ATH almost 19 hours ago, That price of Bitcoin is $69,427. But this ATH did not increase much from the previous ATH. But still I am very happy and glad that Bitcoin broke its previous ATH. I am a big believer in Bitcoin and it's a lot of faith that the price of Bitcoin will definitely rise above 100k and it will happen very soon.
Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.
Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.
The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.
Well said. At a larger scale, there is no reason to choose the short term investment over the long term, given that as investors, we all have one thing we pursue. Profit. And if your investment plan isn't giving you the best of that, as a business person, I do not think there's any reason to venture in that direction.
If as investors, we seek the best out of Bitcoin, I'm certain in lies in long term investment as it is advisable to both low coiners and those who have gathered alot.
People who do not have money to purchase many coins should heed to this, as short term investment may even lead to loss.
My sister-in-law called me today to ask me that she has 1000usd to invest, and she asked me what I recommended, I told her, that she buy bitcoin, because even though it is close to its last maximum, she can still buy, but that she has two scenarios, if it goes down When it comes to price, you should not despair, but wait until it goes up, do not take out an investment, or lose patience, but you have to have the conviction that the price will go up, the other is that if you buy and it goes up, then she evaluates what she can withdraw, but which will recommend that less than $150k do not withdraw profits, it may not be in the Dip, but it is a good time to make an investment.
You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.
You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.
But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯
The same is true in 2015 and 2016 (the year of your forum registration) Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016...
I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful.
Many doesn't expect that to happen since $20,000 big at that time and many doubt that it will be so hard for bitcoin to pump on that amount or more bigger than these since many are afraid for the possible dump to happen.
But for so many times it proves us that if we keep doubting there's nothing to gain and we regret our decision for not buying while bitcoin is quiet affordable. For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.
But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯
The same is true in 2015 and 2016 (the year of your forum registration) Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016...
I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful.
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as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.
That illustrated that large DIPs are for buying.
Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.
Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.
The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.
Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.
Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.
The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.
exactly, Short-term investment can be profitable but the risk attached to it is too much compare to that of long-term investment, due to price fluctuations. And other thing about short-term investments is that one can easily it turn it to gambling, like in a scenario whereby there's a hype in market, due to such hype market experience a surge in prices and due to FOMO one may come up with the thought of diving in all at once inorder to be catch in th wave ( during the increase of prices in market) with the thought of making some profit as the market increase, which would make one to be restless while he or she keep checking Market charts . But at the end market didn't went their way they would endup selling in loss because their aim was to get short-term profit and they won't want their funds to get stock. While those who are holding won't be bothered with such because their mind as already being set for long-term investment, though it may take alot of time depending on one target but at the end you would Found that it all worth it .
Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.
Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.
The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.
When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.
Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret. [/quote] I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.
We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.
So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
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But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.
But the problem is, is now the right time to buy bitcoin? considering the price is very high and prone to correction. I can only advise him to buy with the DCA model or wait for the price to correct. When he asked, what is the right price to buy bitcoin? I can only shake my head and say "no one knows"
Do you have any good advice for my friend? Honestly, I was confused with my answer because Bitcoin was very expensive and I was afraid of giving him the wrong advice
I'm doing a job to a reputed organization as a PS of owner. Last December, I told my boss to invest the Bitcoin but he didn't agree. However, he has million dollar into the share market. I'm maintaining his all accounts, and try to convince him by showing the bitcoin graph..recently he has shown interest in buying Bitcoin but it's not yet legal in our country. Do you have any good advice for my friend? Honestly, I was confused with my answer because Bitcoin was very expensive and I was afraid of giving him the wrong advice
My boss already talk to his friend who staying in USA.. sometime he goes their. I hope he might be invest in Bitcoin within future.
I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?
Fair enough if he does not want to DCA, yet even starting out with a lump sum investment can be enhanced with either DCA and/or buying on dips, but yeah, whatever, your boss should be able to figure out how he wants to approach his investment and to consider whether he might start out with an initial allocation and then consider at various points down the line if he might want to add to his position. Again, any new allocation would trigger another 4-10 year or longer commitment to that additional portion of the investment, so keeping a long term time horizon is good for any additional capital added to a position, yet at the same time, all of us know that we can do whatever we want, including getting out of the investment if we change our mind down the road, but I personally believe that if anyone is taking less than a 4-10 year position, then they likely should take a smaller position if they are not willing to at least conceptually consider the investment into bitcoin in those kinds of terms.
Another thing is that if your boss is going to invest a decently large sum into bitcoin in a lump sum, then there has to be some learning involved, otherwise he is not taking personal responsibility if he is ONLY wanting to get price exposure by holding his coins through some exchange and/or third party. Yeah, sure he can end up buying through an exchange and even custodying through an exchange, but hardly any of us would consider that to be investing into bitcoin, but instead merely investing into BTC price exposure, which is a related animal but it is not exactly the same thing.. so there is some learning that is required in regards to self-custody, too... even if it might merely be considering the purchase of a Trezor hardware wallet.
Yes we are thinking so. Before the investment the security of wallet the best priority.More knowledge on this transection is essential. We must transact through trusted traders or exchange house. 
Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.
I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.
So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
It is also true that buying other tokens or coins other than Bitcoin can lead to huge gains and fast losses. All these things depend on what kind of plan you are managing the investments with. If you have invested in your investments without a plan and buy bits or other currencies for a long time, then you will have a lot of potential to lose. But here weekly or monthly investments are very important to me because they are very profitable in the long term but only this applies to Bitcoin.
By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest. If you do not have excess, then you are gambling rather than investing.
Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up.
If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling. Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.
Of course, passive income will launch a DCA investment process in accumulating Bitcoin. Many people in the world may not have a permanent job but they want to invest and maybe it is a long process for them to have a certain amount of BTC. Yes, we encourage anyone who is confident in investing in Bitcoin to do it using DCA because they need to arrange their entry in such a way to find the lowest price. So back to the issue of income, investment can run smoothly if someone earns passive income every month so he is not burdened by the circumstances of the investment he makes.Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up.
If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling. Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.
I am not sure if you are using the term "passive income" differently from how it would usually be used. Generally speaking passive income is meant to be a kind of income that a guy would receive from investments, meaning that he does not have to do much if any work for the income, and sure passive income might be achieved based on past work that the guy did and then he invested money and was later able to live off of the income earned from the investments.
Sometimes there might be disagreement in regards to how little work someone might need to do in order for the income to qualify as passive income, so for example, his merely keeping track of his income (bookkeeping) probably would not be counted as having to work for the income, but maybe if he bought property, but he is managing the property, then the rents might be quasi-passive, depending on how much work he is having to do in order for the income to keep coming in.
Apart from that, Bitcoin has become an investment that is attracting quite a lot of attention at the moment. I noticed a lot of newbies keep coming in to buy bitcoins and hold them. Yes it's an extraordinary process of their desire to achieve success in bitcoin investment. However, from that perspective, we certainly don't know their principles in balancing their financial cash, but of course they have arranged it as best as possible so that the Bitcoin accumulation target can run smoothly according to their planning.
If a person might have between $800 and $2k per month of income (maybe most commonly a income of $1,200) and $1,000 worth of monthly expenses, then his variance of income may well cause him to keep an extra float, so that he always has enough for his monthly expenses, even during months that his income is less than his expenses. His investment would come from the discretionary/disposable income which seem to usually be $200 per month or $50 per week, and yeah he could max it out on buying bitcoin, or he could use some other strategies, but if he already has 6 month of emergency funds (maybe $6k), and maybe another 3-6 months of float and/or reserves, he might have room to be more flexible including perhaps sometimes dipping into his float and/or reserves to buy extra bitcoin and/or perhaps other times deciding to allow his float and/or reserves to build up to higher levels.
When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.
Investment is all about courage and the personal decision and it is only the risk takers that always be profitable for investment because they don't think if they lose or not only thing that comes to their mind every time is to utilize opportunity and also take a risk to meet up a target, so when you come to bitcoin investment you don't need to think otherwise before you investing Bitcoin only thing that I would like you to consider is the market going up or going down so if the market is in situation where you like to invest you can invest with that thinking otherwise because there is no time your invest in Bitcoin that is west of time so you have to invest when your mind ask you to invest when you are watching when you invest and make profit you may invest at that pointing time and experience a huge loss so it is better to invest when you think that we suit for you to make a profit Jump to: