I personally believe that in some cases, you can do both. You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.
Investors invest with the assumption that they will make a profit as well as lose their money. An investor has no reason to think that his investment will only bring him profit because he at least knows that the market is changing at every step and the change can be both positive and negative. Since changes in the market can be both positive and negative, the investor's money is at some risk and investors invest with this money risk. A new investor invests bitcoins and before investing he first plans that he will hold his bitcoins for a long time but as easily as he plans that plan will not be implemented so easily.
A professional investor can easily hold his investment for a long time but a novice investor cannot easily hold his investment for a long time. A new investor faces various challenges in holding his investment for a long period of time and those who can face these challenges end up holding on to their investment but those who cannot face these challenges sell their investments in short order. If you invest, you should invest in such a way that you don't have to sell the investment later.
We should give as much importance to investment as we give to our mother's ornaments and wife's ornaments. Just as we never think of selling our wife or wife's jewelry even in the face of many financial crises, we never think of selling our investments no matter how dangerous the situation.
Investing a relatively small amount of money is a good decision if it can be held for a long time, but investing a large amount of money temporarily is of no use if the investment has to be sold after some time.
I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are
de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
That is a good point. It is true that FinePoine0 is describing his bitcoin experience in terms of various kinds of short term gratification, and he likely is not going to be able to get long term benefits and who knows how he is playing his trade.
There are some people who come to bitcoin as traders but they end up converting to investors.. so we do not all start from the same place, even though it seems when the relatively newbie guys are getting so excited about short-term profits, they don't seem to be considering their bitcoin holdings in terms of it's longer term ramifications...even if they are trying to appear that the are talking the talk.. but they are seeming to be faking it...
@FinePoine0 probably sees investing and trading as the same thing and thinks they are the same. There are many differences between investing and trading in a practical sense. Trading is like a normal business, just as traders buy a commodity at a relatively low price and sell it at a higher price, in trading a trader buys a coin at a lower price and sells it at a higher price. Just as business is not always profitable, sometimes the trader sells his products at a relatively small loss, so in trading, a trader sometimes sells his coins at a small loss.
There is no hassle in selling the investment but an investor can buy a particular one regularly if he wants and increase his investment amount.
@FinePoine0 Hope you understand the difference between investing and trading.
These are all good points Litzki1990, and surely if there is taking profits in dollars versus building up a bitcoin stash, then there may be some ideas that the bitcoin stash is going to give options in the future, such as 4-10 years or more down the road, or even a further out timeline.. so then there still could be questions in regards to thinking about the dollar value or to think of the building up of the asset, and sometimes it can be confusing, especially if a person might be spending a lot of time getting in and out of the asset, then that person may well be overly focused on short-term dollar value, but a person who builds up the asset might still be considering the dollar value, but in a longer time frame with some possibility of compounding of the value over that longer time frame.
Bitcoin is the most reliable digital currency for long-term employment. As Bitcoin is one of the most reliable digital currencies, most people invest in this investment platform. For those who invest regularly in Bitcoin, there is no specific time to invest in Bitcoin, rather the time when they invest is the best time for them.
Investing in Bitcoin requires waiting, but that wait is not short-term but long-term. There are some investors who invest in bitcoins but later on they need or see little profit and they sell their investment in this case I wouldn't call their investment a successful investment at all. You can tell me that investment is done in anticipation of good things and for your own needs, so it is natural to sell your investment when you need your money. In this case, I will tell you why you should invest that amount of money in Bitcoin if you think you need it.
There are many differences between investing in Bitcoin and investing in Bitcoin for the long term. After you invest in Bitcoin, let's say the price of Bitcoin goes up a bit and you make some profit and you sell that profit, but when you sell that investment after five to seven years, imagine where your profit could be. It is recommended to invest that amount of money which will not affect your life badly. No investor has ever told you that you have to invest all your money in Bitcoin without taking care of your family's needs or that you have to invest in Bitcoin without worrying about the financial crisis ahead.
Invest a relatively small amount of money in Bitcoin but try to hold it for a long time even if you invest a small amount of Bitcoin.
I personally believe that in some cases, you can do both. You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.
It also came out on my mind that sometimes putting all our balances on single investment like BTC to hold is kinda boring since we can actually split some balances then use it for adding your stash and use other large part for holding.
For this maybe we can see more result also we can get updated to the latest movement of bitcoin and can learn a lot thru the experiences we encounter while trying to earn bitcoins.
As you said its really have to have good alternative plans set so we can do something if the other method we use is not working for us and can plan other things to possible maximize all things that can possibly benefit us.
I am not really recommending any necessity to either gamble with your bitcoin or to screw around with them, and even if you choose a strategy that is not wholely buying and accumulating bitcoin, if you do decide to trade with part of your bitcoin or to stack u extra bitcoin so that you could sell part of that portion later, then likely you should just be a very small amount since your main emphasis should be buying, holding and accumulating. Of course, people can do what they like and they surely need to be careful to not be putting too much of their bitcoin at risk and perhaps keeping track to make sure that you are mostly accumulating bitcoin on the side of your holdings that you are building up.
So the main strategy in regards to accumulating more bitcoin is to be continuously buying it, and if you have some kind of side strategy that does actually produce additional bitcoin or additional cash, don't get that mixed up with your main strategy which is continuing to build your BTC stash until it gets to a level that is sufficient that you might move into some other kind of strategy with it... such as maintenance and/or liquidation.. and surely even if you are switching strategies, there still can be some overlap and discretionary applications regarding how you employ your specific practices.
We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.
And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.
Having the understanding of every investment are based on ones free will and how he considers the currency to be of good benefits. Bitcoin is actually the best among every other currencies but trust me there have been many other altcoins which have given more profits to their investors than that of Bitcoin, this has raised the comparison over the years.
Getting to know about Bitcoin, they fail to understand that Bitcoin has more even potentials than any other currency starting from its usefulness and world adaption, not any other crypto currency have this potentials. They fail to learn the possibilities around Bitcoin, most people do not know how the market operates as to know when to begin investing wholesomely catching the DIP and when to apply the DCA strategy. Both can be applied simultaneously when there is full understanding of the market
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.
Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
Its a good thing to do your own research before investing in any cryptocurrency, yes! even Bitcoin. Most people due to hearing about Bitcoin from friends and the internet just decides putting their money into it without any fundamental knowledge to guide them, seeing a little price down in the market will cause them pressure and if not advised this is where most of them will sell off and take loss from their investment. So people should know more about Bitoin or any Altcoin before casting their money into investing, mostly the Altcoins. It is said all Shitcoins are Altcoins but not all Altcoins are Shitcoins, so make close analysis before investing.
I don't see why there is any need, in this thread, to contemplate which shitcoins are less shitty, and yes there can be and have been periods in which some shitcoins have outperformed bitcoin over various select periods of time, and there likely will continue to be periods in which some shitcoins will outperform bitcoin over various select periods of time, but even having said all of that, there still is no reason to get involved in shitcoins, and if you do get involved in shitcoins, take that dumb pump and dump (in and out) talk to another thread... there aren't any shitcoins worth holding in the long term, and if you think that they are, then discuss that somewhere else too.
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Apart from that, you also said, if you want to invest in bitcoin
Buy, DIP, and wait for the bull market.
This opinion is basically very correct, but I personally think there is no harm in adding DYOR to these words. Because even though Bitcoin does have a regular cycle every four years. However, there is no harm in carrying out independent analysis, because independent analysis in an investment is very important and this also applies to bitcoin investments. So the point is that you always have to be careful and alert, even if the asset you invest in is Bitcoin. Because no one knows what the bitcoin market will be like in the future. For this reason, independent and careful analysis is needed, in order to further minimize the worst risks that could occur.
Likely there is a need to add the idea of get the fuck started, DCA and continue to tailor your approach of accumulating BTC to your own circumstances to employ various BTC accumulation methods until you get to your targeted accumulation level... and in regards to doing your own research, sure you are ultimately responsible for your decisions regarding what to invest into and how much to invest into, but don't get so worked up about figuring out everything and get the fuck started and learn as you go.
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I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.
Market now temporarily Crashed, Do Your Own Research (DYOR)I would not call this a crash.
So far only about 10% correction from the top.. which is down to $41,454 from $45922. Wake me up when if we go below $35k, which would be starting to get close to a 25% correction, and even then we get those kinds of corrections from time to time.. but still likely not a crash..
but hey whatever, you can use the term "crash" if that makes you feel better... for dramatic effect.
Otherwise, no problem. Buy the dip, and if you have some cash in reserves, then be prepared for more dip, but even if it does not dip more then make sure you are prepared for UP, also.
It remains a bit diffiult to get too excited about this price correction, yet.
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Hey dude!
What you see on the chart is not the real definition of a dip...maybe I have to ask you how you were able to conclude that it's a real dip.
I think there are some questions you need to ask yourself before concluding that you have seen a dip and you needed to buy.
Take a quick look here;1) Does a sudden crash in price literally means a dip? Can one buy at that price?
2) What's the market structure of the current market?
3) Could the current price be a fake out or a real move?
4) What timeframe is to be used to know the real movement of trend? Most time using higher timeframe is better to avoid market randomness.
5) What kind of trader I am? Scalper, day trader, swing or position trader? The kind of trader that you are would determine the kind of timeframe to be used in the market often.
The above question need to be answered so it would guide you not to take the wrong step in the market as a trader. We are in the market to learn and make profits. If we don't learn, we might keep getting the adverse side of the market, that is why it's good to keep learning as we are trading.
Learning and debugging our trades is very important!You must be lost Wakate. We are not talking about trading in this thread. Yeah, I know it can be a bit confusing because the thread is suggesting to buy the dip, so that might seem like trading..
Shitcoins lend complexity because they should be considered as "in and out" kinds of holdings, but some people get into shitcoins and do not realize that they are "in and out" holdings, and they were investing under a different presumption, such as long term investment and maybe even like 10 years or more, and so when they believe that they got in super cheap because it was only a few dollars or even pennies, but then its price ends up going 80% lower, there can be some bafflement regarding how their beloved "investment" aka piece of shit is ever going to recover in the supposed rosey pictured world-changing vision that was being promoted at the earlier date.
The traders should not invest their money in the altcoin by seeing the price movement alone,because some of the altcoin will began with the 100 percentage to get the buyers in the market.But in the couple of months we can able to see the same amount of the reduction in the altcoin price market change.So check the altcoin background like the owner profile to avoid of losing the funds in the shitcoin.
Frequently, even looking into altcoins and their background and the background of their promoters is a big waste of time, but sure, if you are feeling like you have some extra time to waste, after you already have your bitcoin strategy in place, then maybe you could look into some shitcoins.
The main thing would be learning about bitcoin first, and get your strategy figured out in regards to bitcoin first, and after that there may be no real reason to fuck around with any shitcoins, but if you cannot help yourself but to fuck around with shitcoins, then at least limit that to less than 10% of your time, energies and value, in relation to your bitcoin investment... so if you are investing $10k into bitcoin, then limit your investment into shitcoins to $1k or less, and at the same time, if you lose some or all of that $1k, don't keep drawing upon your BTC stash.. have some kinds of rules to keep your limits realistic, otherwise you ongoingly have shitcoins draining your bitcoin value, so perhaps if you have already established your bitcoin investment, then maybe any new money coming in, then you could invest up to 25% into shitcoins but the other 75% would have to go into bitcoin, and once you get up to 10%, then new money coming in would have to be only 10% into bitcoin and 90% into bitcoin.... so the main idea would be to establish and to focus on your bitcoin and your bitcoin strategy first, and if you cannot control your tendencies to gamble (and to be distracted) with shitcoins, at least limit your exposure in systematic and fairly rigid ways.
I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.
Market now temporarily Crashed, Do Your Own Research (DYOR)
Yup, with these crashes all of a sudden. The market is still giving them opportunity to buy and hold. Because when the price is quite high, all they do is complain that they can't buy it anymore as it is already expensive. But they can still buy even with that price but the quantity of Bitcoin they'll able to get is lesser.
So, with the market crash. Everyone is saying that it is about the latest ugly news about someone's speculation that ETF won't do shit on this market and SEC won't give a go.
Whoever made that news sees that people are still too emotional when some unexpected news like that comes out.
Newbies can get shaken fairly easily, so part of the volatility is likely caused by folks who are purposefully wanting to shake some newbies.
The other thing is that anyone who is either new to bitcoin or maybe in their first cycle are likely to be in a BTC accumulation phase, so they should love to be able to get bitcoin for lower prices. .and of course, it is not necessarily easy to keep buying as the income comes in, but there could be some positive thoughts, and of course, you jossiel are likely getting on two cycles, and sure it is possible that you are still accumulating bitcoin or that you made several mistakes along the way, and so it can take a while to get out of accumulation phase, even for someone who has been into bitcoin for a couple of cycles..... and I had given those kinds of examples in the past of someone who had been accumulating more aggressively compared to someone who had not and even compared with someone who made some mistakes along the way and started accumulating more aggressively at later dates... so even someone who has been around for a while, they might have spent their first few years in bitcoin without a very good or focused plan.
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