Minimalism in Bitcoin would slow your accumulation process

gunhell16

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

In these chances, this is where risk management comes in. It's very important; we must have plans for when to take profit; it's hard not to have one, which is where most traders get caught up in greed. So, planning is so important in these situations. The plan should not be taken for granted.

Then we should stick to the plan and not change it once we start doing it, because it will ruin our strategy in the end and we might regret it. So we must have a strong decision; that's how simple it is to do.

Alana Arden

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Quote from: _act_ on March 14, 2024, 10:28:16 AM

Quote from: pooya87 on March 14, 2024, 09:42:26 AM

The problem you're describing is all about greed. People who didn't buy as much bitcoin as they could back when price was in $20k-$30k range were greedy thinking price would fall down more. I remember the topics telling them (or rather fooling them) into believing price is going down as low as $15k so they waited and refused to buy.

That means they are very greedy. The reason I said that is because bitcoin still fall below $20000. I can remember that bitcoin got to $15500. That was in December 2022. But such people may still think that bitcoin price will continue to fall lower and their expectations may fall to bitcoin will fall below $10000. Even if bitcoin fall below $10000, they may not still buy and expect the price to fall further. Later they will be blaming themselves after the price increase. Bitcoin stayed below $16000 many days before it started increasing in January 2023 when bull run started at the time.

Maybe I am on the list of such people because this greed has happened to me during this bull run season. I was waiting for the price to drop when BTC was at $26k. The plan at the time was that I would buy BTC when it dropped below $20k. But I can't exactly call it greed, but my brain was refusing to buy BTC at this price. I will stumble, the price will fall further, I will wait for a few days for the price to fall, and I will not buy now. These things used to go through my mind again and again. On the other hand, I was a newcomer to crypto, and at that time I was not even a member of the community, so I was afraid to take risks because I didn't have the right knowledge. I was stuck in FOMO. Some of my friends scared me of losing money, so I didn't dare invest in BTC anymore. And now they finds no other way but to regret.
But I'm happy to think that I started accumulating bitcoins little by little using the DCA method after learning about this forum. And I believe the DCA method will play an effective role in later periods and will yield good profits.

Bananington

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For anyone who is making minimal effort in buying BTC or when using a DCA strategy of investment, they might just profit more if they stay longer rather than withdraw from the investment due to FOMO about speculations and market situations.
One agreed thing is also that, those who have over grown the fear of market volatility or bearish seasons tearing down the value of their crypto holdings are the ones who actually get to HoDL for long and become millionaires.
BTC has a good store of value and I think that's why a DCA strategy will ensure there's profit as long as one doesn't adhere to any FOMO due to whale movements, new policies, regulations, price speculations.

Afterall they say that slow and steady wins the race, so if you DCA with minimal effort at least do it for a longer duration and one key point is to know that nothing beats the power of focus. So if the minimal effort is tied to an achievement or future investment, it would be taken more seriously no matter the stipend and duration, one can wait.

fullhdpixel

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Quote from: Dunamisx on March 14, 2024, 10:19:45 AM

Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

It is not advisable for us to be making a business and be taking from it while its still under a developmental stage, we have to learn on how we can build our business, same applies to any investment we are doing, we don't need to take the profits until we are far in doing it and have earned to an extent, that when we take the profits, the investment will remain unaffected by such decision.

I don't see anything wrong if we talk about our business, especially if it's still under development. It can in fact help it to improve, as long as what we are talking are good things, as it helps us to push more beyond our limits. Life is about building but it's important to have a plan first, so that we will have a such a guide to follow and we can only do some tweaking later on.

Taking profits are not wrong as well, even if it's still small because we may be lacking in money and a profit can also come and go, so it's better if we can just make use of them once they are available. Taking profits affects our investment but it may only be temporary for us to worry.

adpinbr

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It is really a good idea buying more bitcoin in your portfolio,like you said the profit you make determine how much you have stuck on your wallet is only advisable more profitable when you get more off Bing because it increases all the time although I understand that the price is not stable but it really a good step when you buy more and keep, but sometimes some people see it risk so they don’t find any opportunity to buy more, but I agree with you because it is a good y

Troytech

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Quote from: AakZaki on March 20, 2024, 05:36:50 PM

Small capital will get equal profits if the market is bullish, and those with large capital will get bigger profits. This does depend on each person's financial capabilities, but this will not discourage someone from starting to invest, it can be done gradually to get a good accumulated purchase price. Buying with $100 when the Bitcoin price is below $20k would be a good position and then continue to gradually buy even if there is a slight increase, if this is done regularly then there will be quite a lot of profit. I started investing with under $100 and now it can reach thousands of dollars more.

I personally think there is no actual excuse anyone can give for not investing in bitcoin, especially something like its too expensive, yeah it's too expensive but you can start buying it know, you can buy small amount of bitcoin consistently for a long period of time and hat way you would end up having a large stash in bitcoin too, if companies practice this, so yeah retail investors should put more efforts in accumulating more bitcoin for a longer period of time.

You can easily use the DCA strategy as a salary earner to build your stash in bitcoin and it may end up beign as big as someone who only lumped sum once into bitcoin. Let's say you are earning as much as 4k$ monthly and you decide to invest 1k into bitcoin every month , with the current price in close to 4 years you should be closing in on having a whole bitcoin, yeah it's a slow process but it sure has its long term reward.

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

The formula is like this. The more capital we use to accumulate Bitcoin, the greater the profits we will get. If we only have a little BTC, then our profits will also be quite small even though we have been doing it for years. That's the basics.

However, in investing, there is something called a benchmark. Each person's benchmarks are different in investment. Let's say you can accumulate continuously to get more BTC at any time. However, it might not be easy for someone else. So, it might be quite difficult for them to get free money for investments in BTC.

Well here, there is another key besides more accumulation, namely capital. because it's useless if we force ourselves to invest in BTC but our financial condition is not very good. It's useless to force it. Because it would be much better if we actually used free money to invest in BTC. We might be able to save a little money and then spend it on BTC rather than on other things that are not needed. but again, it is an amount that we can afford to loose.

AakZaki

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Small capital will get equal profits if the market is bullish, and those with large capital will get bigger profits. This does depend on each person's financial capabilities, but this will not discourage someone from starting to invest, it can be done gradually to get a good accumulated purchase price. Buying with $100 when the Bitcoin price is below $20k would be a good position and then continue to gradually buy even if there is a slight increase, if this is done regularly then there will be quite a lot of profit. I started investing with under $100 and now it can reach thousands of dollars more.

The Cryptovator

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Crypto has always been giving high profits if we can invest in it at the at the right time. You can see today's Bitcoin chart, where it was trading at $62K in the morning and is now trading above $67K at midnight. So those bought during the morning are all in good profit with a 24 hour gap. The problem is that when Bitcoin starts dipping, we become afraid; only experienced traders accumulate during bears and take the risk. However, we can use the DCA strategy during a bear when Bitcoin starts to dump. So when it bounces back, we can make good profits and increase our portfolio.

Issa56

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

Everyone wants to accumulate much bitcoin, if you ask people that knows about bitcoin the amount of bitcoin they will like to hold, most of them will start calling figures for you, but in real life, they are just holding just little amount of bitcoin. Not that people don’t want to accumulate bitcoin, but the problem is that most people don’t have the financial capacity to accumulate much bitcoin, most of them are always buying with the little amount of money they are having.

Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

If you are putting more efforts in investing in bitcoin, don’t forget to invest only amount you can afford to lose, and don’t invest everything you are having, make sure you are always having money which you will be using for survival, always make sure you invest extra funds which you won’t be using for that particular moment.

If you invest all you have, incase if their is any emergency, then you will end up selling the bitcoin which you are planning to hold just to solve the problem, that’s why it’s better we don’t invest everything in bitcoin, no matter how you are being forced.

Troytech

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Quote from: pooya87 on March 14, 2024, 09:42:26 AM

The problem you're describing is all about greed. People who didn't buy as much bitcoin as they could back when price was in $20k-$30k range were greedy thinking price would fall down more. I remember the topics telling them (or rather fooling them) into believing price is going down as low as $15k so they waited and refused to buy.

People who do that, will also wait after price goes up to something like $40k because in their head they were calculating their profit based on $15k entry and $40k is terrible; so they wait for $15k then price goes up to $50k, $60k, $70k and keeps rising until they buy at a massive loss during a FOMO at something like $300k.

DCA is good for these people because it gets them to buy something even if they get greedy.

DCA is good for everyone cause it is the most flexible method if investing in bitcoin, with the DCA method I don't have to have huge capital to start my investment but can go by allocating a percentage of my income to buying bitcoin on a regular interval and with time I would have bought as much as someone who has bought with huge amounts then.

Waiting for bitcoin price to drop to a certain level is not advisable cause thigns like that may never happen and you would end up missing out on opportunities that you wowing have bought, so it's actually better to start investing right away even if prices are high unless you plan on investing for short term which would not yeild greater results as investing I long term.

Oasisman

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

So, what you are suggesting is to take a loan and buy bitcoin in bulk when the market is down? Because not all people are financially capable of doing so with their own money in their pocket. Taking a loan is the only way for someone who is in no way can stretch his financial capability to accommodate his bitcoin investments.
I get your point though, but then again bitcoin bears a lot of risk that is why we always say to invest what we or you can afford to lose, and so DCA method or minimalism as what you said is the best option for someone who's financially incapable of taking the risk. You might not want to put your emergency funds to bitcoin right? because that would probably be a bad idea when an actual emergency arises.

MFahad

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Quote from: Nrcewker on March 20, 2024, 09:14:50 AM

It doesn’t matter whether the market is bearish or bullish. If you keep on accumulating the coins irrespective of the price, then after next halving you will definitely see tons of profits. This is already witnessed by many long term traders along with me, when Bitcoins recently crossed 73k USD. Hence, we just need to keep ourselves calm and composed. We need not have to greed, just follow the basics of accumulating the coin, and we will definitely get the profits.

Well, that is at least what we expect because Bitcoin has proved itself worthy of being trusted so far. After all, after every cycle, the end price tends to be higher than the previous which is known as the all-time high. So you are right that one can expect some profit if they buy at any price point if they are doing it for the long term.
However, none of this is guaranteed, we don't know the future and don't know what might happen in the next cycle, all we do is make predictions and have expectations and everything else is a hidden game that only reveals once it is time.

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

I think you may be right but I hope you have not forgotten that the fund is somehow hard to get just like you have explained making it look like people have the funds especially the real investors and they might not be interested in buying and holding.

That's not the case, we need to work, earn wages or salary, pay bills and even the children bills, then we can always invest the remnant if we have plans of saving it. The current inflation in almost every part of the world is making people think twice before they invest there money in cryptocurrency not just Bitcoin because there are so many needs to attend to small insufficient pay to cover everything.

synchronym

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Before we invest we can never say how much profit we can get from this investment but of course every person has a dream before investing that they will profit by investing but how much profit will depend on his investment. Of course in investing you need to acquire enough knowledge about investing. If you don't acquire enough knowledge about investing, you will not get much success in investing. Investing requires patience and long-term planning. If we can patiently invest for long term, surely we will be successful in investing.

Blitzboy

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Simply said, adding Bitcoin to your wallet shows you understand money's future. Bearish markets are your golden opportunity - they underestimate tomorrow's fortune.

Bitcoin investing is about intentional accumulation, not randomness. Those who bought on dips are reaping huge gains, especially with Bitcoin around $72k. Applying common sense economic principles and understanding market cycles is what this discipline is about. You invest what you can afford, but pushing the envelope can take you from moderate success to financial success.

Remember that Bitcoin favors the brave and strategic. Buying smart is more than just buying. Smart right now means acquiring while you can. Bitcoin is rising, so should your portfolio. Keep stacking and ride this wave to unprecedented fortune.

Nrcewker

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It doesn’t matter whether the market is bearish or bullish. If you keep on accumulating the coins irrespective of the price, then after next halving you will definitely see tons of profits. This is already witnessed by many long term traders along with me, when Bitcoins recently crossed 73k USD. Hence, we just need to keep ourselves calm and composed. We need not have to greed, just follow the basics of accumulating the coin, and we will definitely get the profits.

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Quote from: Plaguedeath on March 14, 2024, 08:51:44 AM

Not every person dare to use all of their money to buy Bitcoin at once, even people already use DCA strategy to minimize the risk, but they're still sold Bitcoin when panic and not able to hold for long term. Moreover not every people are rich i.e. have a lot money and can do anything that they want, most people are an employees which get paid every month, so if they buy Bitcoin for every month, they're using DCA strategy.

I believe in the OP theory that your Bitcoin profit is proportional to the amount of Bitcoin that you have, meaning that the more Bitcoin you're hodling equals the profit that you get when it's price is pumped. Most average income earners knows this and they'll have the willingness to pump their incomes into the investment, but the it's easier said than done, because they have other financial obligations, so the best way to attain huge accumulation is through DCA method. By taking out a fixed percentage from their earnings periodically, maybe weekly or monthly that they can be able to attain a huge accumulation of Bitcoin, that'll guarantee a massive ROI in bull runs.

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Quote from: NewRanger on March 18, 2024, 10:28:20 AM

For BTC, I never had the slightest doubt about investing even though the price had reached 72K previously and now people will start to think that BTC is a good and pure place to invest, many of which have provided big profits for investors. Yes. Seeing this significant movement of BTC will certainly make investors confused about where they will place a large portion, whether in gold or other commodities such as silver and we know BTC has always been their competitor.

BTC has always been a competitor to any investment and even Many have been interested and started to get into Bitcoin since Bitcoin reached a price that was beyond their predictions.

But investments such as gold, bonds, property or others are types of investments that can be applied for the long term as well.
You also need to diversify and not just put it in one bag.

Every investment has advantages and disadvantages as well as Bitcoin or gold, both are good investments but have different characteristics.

Bitcoin has now reached an ATH price of $73k and this is a sign that Bitcoin will be stronger, but it has to be smart enough to start coming in and don't buy just because of FOMO.

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Quote from: Stablexcoin on March 14, 2024, 08:00:56 AM

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

For BTC, I never had the slightest doubt about investing even though the price had reached 72K previously and now people will start to think that BTC is a good and pure place to invest, many of which have provided big profits for investors. Yes. Seeing this significant movement of BTC will certainly make investors confused about where they will place a large portion, whether in gold or other commodities such as silver and we know BTC has always been their competitor.

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