I have resolved into buying more and caring less

wxa7115

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Bitcoin is GOD

Quote from: karmamiu on February 04, 2023, 08:23:51 AM

To be honest the investors that gained a lot in terms of investing aren't those scalpers or those who trades daily but those who are buying despite the price. Also according/based on Graham's analysis from his channel( BTW he's a youtuber who likes to gives opinions to some expert's advice and reviews). According to his analysis and some investors advice, it is said that the ones who earns and gained the most buys whatever the market price is on a certain stock or investment. I forgot the term they used but that's what it generally implies and I think it is also a wise move to do, try or consider when it comes to investing.

This is not difficult for me to believe, most traders lose money anyway and the few which earn any are not good enough to beat the market and earn more than what simply holding will give you.

So buying whenever you have some money is the strategy that allows the most people to become successful, a simple and powerful strategy, unfortunately it is too simple for some as they cannot accept so much money can be made by doing this, but still this is the truth.

sana54210

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Quote from: Zilon on January 29, 2023, 09:48:35 AM

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

Buying whenever you can beats buying only when it's low. Why would that be the case? Well simple for reasons really, one of them is the fact that if you end up buying when it is only down, then it means you will have to wait for it for a long time and that's a bad situation to be in, and that is not something that you should be doing.

Secondly, you never know when it is down, because it could keep going down and that would hurt, and lastly it would be because you would be holding fiat in your hand waiting for it to drop, losing potential profit. As you can see, if you keep buying at whatever price it is, as soon as you have some money to buy, it will result with much bigger profits.

Pejoh Asu

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Speculation is of course commonplace, people are successful in bitcoin because they are willing to take risks and are not in a hurry to sell, many people can't wait and sell at a loss, there are also those who sell only get small profits and this certainly won't change our lives , immediately do big things that buy more and hold at least 3 years from now.

tjtonmoy

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Quote from: salad daging on February 03, 2023, 06:04:21 AM

I'm going to stay focused on how long term this 5-10 years will be a little bit different, I know it's a patient wait and we're going to enjoy bigger payoffs because I'm sure about the movement of bitcoin which is called a cycle.

Altcoins? This is not a good asset criterion, it's just a short term token that can be discarded at any time because I won't store it in shitcoin.

This is the best approach for the current market condition. I don't actually care about alts. Specially the new ones. They can never live up to their potential or either it's just a scam. So the best bet is Bitcoin. I have a personal target of $30k price point in a few months. Hopefully, Bitcoin will reach it soon. It will take time I know, but sudden rise could happen. So I'm just hodling for $30k.

karmamiu

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To be honest the investors that gained a lot in terms of investing aren't those scalpers or those who trades daily but those who are buying despite the price. Also according/based on Graham's analysis from his channel( BTW he's a youtuber who likes to gives opinions to some expert's advice and reviews). According to his analysis and some investors advice, it is said that the ones who earns and gained the most buys whatever the market price is on a certain stock or investment. I forgot the term they used but that's what it generally implies and I think it is also a wise move to do, try or consider when it comes to investing.

Ayers

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Quote from: xSkylarx on February 03, 2023, 07:44:50 AM

Quote from: Ayers on February 03, 2023, 07:23:08 AM

Quote from: Zilon on January 29, 2023, 09:48:35 AM

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

Don't be sad because other people right now are hoping to buy around $21K, but they didn't because they are scared that it will drop again. As long as you have money to spend, like your extra money from your salary to purchase bitcoin, it is okay to buy it, regardless of the price, because imagine if the price hits $100k. You will not compare the price whether you bought it at $20k or $25 because you gain a ton of profit. Just continue to accumulate, as you will not notice what price you bought when you hit your target.

I don't have too much money, I can only buy bitcoin at the beginning of the month every time I get my salary, but I won't stop accumulating until the bitcoins have not passed the old ATH, that's my plan. I only regret that the market recovered so quickly, but it has also been profitable for me because most of the bitcoins I own are bought at an average of less than $20K. But I still expect bitcoin to correct below $20k again this year, and that will be our last chance to see $20k bitcoin. Because there is just one more bull season to come, bitcoin bottom will be at $40k, or $50k, IMO.

capedbaldy

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Quote from: Distinctin on February 03, 2023, 04:00:01 PM

As long as you can manage the risk, that would be fine but never resort into buying more and more without even considering selling some of them when their prices are already in profits. It’s good to accumulate and fill in your portfolio with lots of bitcoin but remember, we all invest and hold for profits, so we should at least take time to sell to see some profits or rewards. Otherwise, we will end up being greedy which I think will be a reason for us to start losing instead of gaining profits.

You are right, there is always an opportunity to take profits instead of holding it until the market goes down and you don't gain anything other than holding the portfolio for the long term, the market will never be stable so if we hold large assets then it is better to take short term profits to increase the portfolio again on buying bitcoins at low prices.

Distinctin

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Quote from: Jody.Drummer on January 29, 2023, 11:24:41 AM

As long as you are ready to hold it for a long time that was never thought of before, it's a good move. But you must also pay attention to your needs, lest you be forced to sell what you have collected due to urgent circumstances. It's a good situation when you are pressured and forced to sell bitcoin when the market is recovering and it gives you profit, but if it's the other way around, it's a loss, of course. My advice, besides investing in bitcoin, we also have to prepare savings that are separate from the assets that we will hold for a long time, so we don't have to sacrifice our bitcoin assets in a state of urgency at any time.

As long as you can manage the risk, that would be fine but never resort into buying more and more without even considering selling some of them when their prices are already in profits. It’s good to accumulate and fill in your portfolio with lots of bitcoin but remember, we all invest and hold for profits, so we should at least take time to sell to see some profits or rewards. Otherwise, we will end up being greedy which I think will be a reason for us to start losing instead of gaining profits.

iv4n

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Quote from: TribalBob on February 03, 2023, 07:46:57 AM

actually it doesn't matter how much you buy btc and at what high value you stop buying it. 'IF' you have free funds
Having a good and accurate portfolio is everyone's dream because it can reduce the impact of unexpected events

That "if you have funds" makes the difference I guess. Many people would like to have more (including me, of course) free money for investing in different things, as you say, having a good portfolio is everyone's dream! But how many people actually have that "free money"? Most people live from month to month, or in the worst case day to day, and it's really hard to put some "significant" amount of money aside.

Each of us is in a different situation. I have two little kids and I am trying to finish the house, expenses are big... the prices are going up! It's a bit hard to keep up, and when you get into some "big projects" the money is just flowing away, sort of speaking...

And for sure we all want to reduce the impact of unexpected events and unexpected expenses, but shit happens. It's life!

letteredhub

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Quote from: Sterbens on January 29, 2023, 11:33:26 AM

Quote from: palle11 on January 29, 2023, 11:15:37 AM

Quote from: Zilon on January 29, 2023, 09:48:35 AM

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money Grin

. Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

But in my opinion, what Op said is also true, because being rich is different from making a profit. If people aim to be rich they usually become greedy, and many of those who aim like that do anything, even though, they don't know what they are doing. As for getting a profit, we must have calculated what target to achieve, and after hitting the target we usually always emphasize taking everything, or just taking profits. Because if you say so, who invests without thinking about profit?

Not bad if you agree with OP as at the end of the day it's profit we all look out for wether you choose to follow the trend or not. If getting greedy can get you what you looking out for then it's cool, one thing we need to understand is that in the crypto industry there are certain situations when greed becomes necessary in other to make good profit.

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Quote from: 348Judah on February 03, 2023, 06:39:01 AM

Investing with bitcoin is a good and profitable decision, in doing so you can have that assurance that when you sleep your mond will be at rest, you also need to have taken some crucial steps before doing this, which has to do with the level of your exposure on investment, thw study feasibility you made on bitcoin price, the wallet you use and the oroper positioning taken to ensure you buy the dip and hodl by using a DCA method.

And as long as you haven't sold it, especially when the price is still low, your bitcoin will remain safe in your wallet and wait for the price to the peak. You can even increase the number of bitcoins you have by buying them at a low price and keeping them with other bitcoins. This will help you collect more bitcoins and as long as you don't panic and want to sell your bitcoins immediately because you see the price dropping, you can still hope to see the price start to rise again. And when the price can reach the peak price again, you can sell your bitcoins and take the profit.

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actually it doesn't matter how much you buy btc and at what high value you stop buying it. 'IF' you have free funds
Having a good and accurate portfolio is everyone's dream because it can reduce the impact of unexpected events

xSkylarx

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Quote from: Ayers on February 03, 2023, 07:23:08 AM

Quote from: Zilon on January 29, 2023, 09:48:35 AM

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

Don't be sad because other people right now are hoping to buy around $21K, but they didn't because they are scared that it will drop again. As long as you have money to spend, like your extra money from your salary to purchase bitcoin, it is okay to buy it, regardless of the price, because imagine if the price hits $100k. You will not compare the price whether you bought it at $20k or $25 because you gain a ton of profit. Just continue to accumulate, as you will not notice what price you bought when you hit your target.

Ayers

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Quote from: Zilon on January 29, 2023, 09:48:35 AM

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

348Judah

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Investing with bitcoin is a good and profitable decision, in doing so you can have that assurance that when you sleep your mond will be at rest, you also need to have taken some crucial steps before doing this, which has to do with the level of your exposure on investment, thw study feasibility you made on bitcoin price, the wallet you use and the oroper positioning taken to ensure you buy the dip and hodl by using a DCA method.

AicecreaME

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Well that's the right thing to do.

There's no reason for you to doubt Bitcoin if you're a Bitcoin enthusiast, dips only means a good opportunity to buy and hodl for long term in order to maximize the profits. Rumors and other FUD(s) will just create more opportunities, not to be discourage in buying more. I'd doubt altcoins but not Bitcoin, the king itself. Keep on buying, because even though it pumped up to $24,000, it's way too soon to assume that we're on a bull run already, also $24,000 is still too far from your selling price which would be over $60,000 or more.

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Quote from: Ucy on January 31, 2023, 09:22:03 AM

Well, if your aim is profit, your method will be less profitable and riskier than someone who buys & sell at the right time. Combine that with the ability to properly predict the market and move it to any direction you want, profit will be unbelievably high. I will choose the method that gives me better profit with risk that is next to nothing.
Your method not sustainable by the way

You can't ever predict the market right, it's how many lose millions trading futures, once they get the market right they start believing that they can predict the market next move, in crypto space there is no way of making good profits with risk that's next to no risk at all unless I don't understand you.

In a bear market you have to buy and buy the best coins and sell when we are in a bull market, I have never heard anyone creating a crypto portfolio with over eight projects and fail, because even if one succeeds you will cover all your investment.

salad daging

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Quote from: erep on February 01, 2023, 04:27:39 PM

Quote from: tjtonmoy on February 01, 2023, 12:46:47 PM

So you are basically talking about DCA right? It's a great way to keep your assets at the same value despite the market condition. I like it, but instead of also buying in the uptrend, you can wait for the market to go down again and buy at low price. And HODLing is a great way of investment for future. But if you are willing to make profit in the present, you have to take the right decision of not always buying. Sell at high, buy at low. I think this should be the strategy.

Exactly, we must prioritize the DCA strategy in investing and not be affected by market movements from the recent recovery, make sure we keep buying at low prices even if we have to wait for the market to fall, so we must focus on the decision to buy low to increase portfolio assets for the long term Also, don't involve investing in bad altcoins because there is no guarantee that the altcoin price will recover and keep increasing the BTC assets in the portfolio.

I think bitcoin is still in a positive trend because the price continues to move it will still be very low ($23,400) this is not a higher price but we would like to see ATH higher than the previous year so my assumption is $50k is still quite idealistic buying bitcoin with a target and I will decide on this plan on how DCA should continue because I want to multiply bitcoins long term, doing a lumpsum is not possible all the time so the DCA step I can afford now.

I'm going to stay focused on how long term this 5-10 years will be a little bit different, I know it's a patient wait and we're going to enjoy bigger payoffs because I'm sure about the movement of bitcoin which is called a cycle.

Altcoins? This is not a good asset criterion, it's just a short term token that can be discarded at any time because I won't store it in shitcoin.

Cookdata

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Quote from: Zilon on January 29, 2023, 09:48:35 AM

.........

You should care in a way to minimize risk and management, even the life we live that is independent of other people's opinions has much care talk more of bitcoin. Let's say for example during the FTX collapse just before we enter below $25k, there was a rumor that it was insolvent until it becomes public that they have paused withdrawals. If you are a trader or holder who DCA and care about it, you will be lucky to buy even as the prices keep breaking support simultaneously, this is the advantage you get when you pay attention to the FUD but never sell your bitcoin as a result.

DanWalker

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Quote from: Ucy on January 31, 2023, 09:22:03 AM

Well, if your aim is profit, your method will be less profitable and riskier than someone who buys & sell at the right time. Combine that with the ability to properly predict the market and move it to any direction you want, profit will be unbelievably high. I will choose the method that gives me better profit with risk that is next to nothing.
Your method not sustainable by the way

I've never seen anyone claim to have a method that turns risk close to zero, if you can do that, I think you were already a billionaire long ago and don't have much time left to visit the forum. Cryptocurrencies are considered the riskiest market, and with what I've been through over the years in the market, I'm pretty sure there isn't a single person who doesn't lose money in this market. But experienced investors will have a larger profit to compensate for that loss. By the way, I like OP's method, I found it worked for me too.

Topic: I have resolved into buying more and caring less (Read 668 times)