Topic: Wrong way to accumulate. - page 7. (Read 812 times)

The best thing for people to understand is that just because you invest in bitcoin and it makes you happy doesn't mean you won't lose money at some point. As someone who has found success with bitcoin, you must keep in mind that not every day is happy; you can lose money when the price is low and make money when the price is high. However, as an investor, one thing you should keep in mind is planning; don't think that bitcoin has a fixed value. Putting all of your money into one particular investment or line of business is extremely risky, and a prudent individual with a strategy would never do so.
This truly happened to the new forum member because they constantly feel greedy whenever they hear about bitcoin and how the profit comes when the market moves in the right direction. They rarely inquire as to how long it will take or whether the price of bitcoin has fallen at any point. Even if the price of bitcoin didn't constantly plunge, you shouldn't put all of your savings into one investment because you might have other expenses or financial problems that need to be taken care of that you won't be able to afford.

Most people and yes most of the investors I think Either using a lump sum/all in or using the DCA technique but it is totally up to you both of them had the advantages and disadvantages. or you can combine it so the strategy might different from people to people

personally, I'm using dca but with a little bit of adjustment so when the my initial investment already give 20% profit I will take profit and then invest in other coin or invest again when the market had a correction

of course it's never too late to invest in btc, but buying btc is of course very risky, and it's best to buy btc when there is a price drop and you definitely have to be able to analyze it properly.

and in my opinion using the dca system is a good way to buy btc, but in this case our need to analyze properly when making a purchase because the price of btc is very difficult to predict.

Some are also lucky, lucky means when the price of Bitcoin suddenly drops and it's their first time buying Bitcoin.
So for me, Dollar-cost-averaging is not for everyone.

I agree with OP about you there's no late in Bitcoin. Because Bitcoin is here to stay for the long term, for me, it's always good to accumulate because sometimes the more wait you are doing, the higher chance you will miss the train.

Many people invest more in bitcoin than they can afford to lose. I think there are two types of people: those who are greedy to make it quickly in the crypto industry or those who don't know how Bitcoin works. Investing more than you can afford to lose in bitcoin can keep you worried all the time; it will hardly get you out of your mind because whenever the bitcoin market reacts negatively, you will never be yourself; in fact, it can lead you to sell off your bitcoin. Many people find it hard to make a profit on their Bitcoin investments because they never sell at the right time, and because they invested the money they were not supposed to invest in bitcoin, when the time comes and they don't have the money and do not have others to get money from, they will end up selling their bitcoin, even in a bear market.

It is an error any type of accumulation or hold based on the thinking of wealth with Bitcoin, simply buy or not. Knowing Bitcoin does not mean having to accumulate, it is an interesting payment method, that for some is enough.

I think it is depend on each person because some people didn't have any experience in investment so what they know only invest their money and hope they can get profit, for people like this, DCA is the most appropriate  way to accumulate BTC and the worst way is do lump sum buying at the peak of bullish market trend.

Yeah, some people just think they can put everything (all the money) they have into Bitcoin because they feel they can just take it back any time they want, or probably because they see that someone has invested a huge amount into Bitcoin, and without realising that even that person might have actually left some funds uninvested (in fiat) because of their personal needs, they themselves will just invest all their money without any reserve for some need. The healthy way to invest in Bitcoin or other investments is to only allocate a planned budgeted amount that will not get them pressured when the market falls beyond what they have bought.

From my point of view, the notion of starting with a short term plan and later migrating to a long-term perspective, derived from an introspective reassessment, which exemplifies maturity in financial decision-making… In response to your question, I would say that improper forms of hoarding are unmasked at the intersection of impatience and lack of understanding. .. An eagerness to keep up with others and a lack of financial education can trigger rash decisions. Which is why I would advise that it is crucial to banish irrational impulse and embrace an informed and balanced approach…therefore understanding that Bitcoin accumulation is a constant learning process and alignment with realistic goals is critical to avoiding malicious financial traps .

Finally I will say that embracing an informed approach, free from competitive pressures and tailored to individual circumstances, can forge a stronger and more sustainable financial path in the exciting life of investing in Bitcoin.

Not all investors do Dollar Cost Averaging for their investment and usually they just buy bitcoin on time and have no idea about DCA.

They only do DCA if they have more sources of income that contributes for their capital and if they only use their savings to invest, not yet to see profit, they will not buy more.

They probably have idea about DCA after experience in the market a few months or years. Sometimes they do DCA without idea about this method, just buy more when they smell chances.

https://dcabtc.com/

I mean dollar cost average works great and you're not risking anything on that since you're just using or setting a small amount maybe your salary to be used to buy Bitcoin right? And it would be great for long-term investment because you could just accumulate more and more until you have a huge investment while waiting as well for the right time to sell. I mean short-term investment doesn't really have a great profit if you're going to accumulate you're already aiming for the long term, short-term investment needs huge funds in order to take a good profit. So that is where the risk could come because you getting pressure to make a profit in just a small amount of time, it's cryptocurrency and bitcoin the market has its cycle so we should aim at the top we need to be patient.

People keep fear of missing out once they saw other people accumulate as they can and secure for another all-time high they want to do the same thing and make an investment as they can to catch up but also we need to consider the current state of the economy and the market price movement yes we need to accumulate as possible but if you made a wrong entry this cause your money to have a negative unrealize loss so instead wait for the market opportunity and buy and not just buy without a proper plan.

Is there a wrong way though?

Everyone has a different budget different outlook and different goals which also means
a time when they decide or think is their opportune time to  make whatever move they want
in order to accumulate.

There are those who will only be able to spend $100 per month in order to buy Bitcoin
and there are others who will trade $1000's in a few hours.

Some people will liquidate their holdings after the next halving and buy back when the
bear market is at its strongest, others will prefer to keep Hodling until the very long term.

Each individual devises their own strategy for managing their finances. Whether it's trading or holding assets with a specific goal in mind, not everything will unfold as anticipated. Therefore, it's crucial to segregate trading funds from personal finances to avoid future regrets when funds are required for sustenance. This is why the advice commonly given is to invest only what you can comfortably afford, as circumstances might necessitate adjustments to the original plan.

Not all bitcoiners are looking to accumulate; some simply buy once and wait for their savings to rise over time before withdrawing. Although most people are obligated to contribute more to their savings and do not always employ the DCA approach. They only buy when they have enough money to do so.


This should not be viewed as a pressure, and the sooner investors are aware of it, the better for them to avoid major disappointment later on. I don't think an accumulation target should be a priority because it can cause your mindset to be focused on achieving that target even when you can't afford it at the time, putting you under more pressure and, in the end, you'll still take money out of the investment to pay bills and for personal expenses.


Following the method of accumulation of others. Being influenced by the actions of others during the accumulation process. Our pockets are not the same in terms of our societal earnings. My 20% free money to invest could be worth 80% of another person's pay, which if the person continues, will leave them broke and begging for money to feed before the following month's salary arrives. As you stated, bitcoin accumulation is not a pressure issue, but one should only invest what they can afford to lose, cutting their coats according to their sizes.

They must be taught and told the wrong way as well, as if the person who convinced them to accumulate and invest in bitcoin might have put a pressure on his words, telling them how much bitcoin have grown over the years.
Sometimes a person who's into bitcoin for quite some time already may sound like they're pressuring someone who's not into bitcoin yet, like they need to catch up as fast they can so they won't get left behind in the next bull train.
It's all about rushing things out to try and be rich overnight kind of mindset that puts people into that kind of situation.

I've come to find out recently that some people have the wrong meaning of "invest what you can afford to lose". They believe it's money that is not useful to you or something, which is funny because there can be no money that is not useful. Some believe it's spare money. Money that you do not need for anything at the moment. While this may be correct, if you wait for money that you don't have a use for at the moment, you may not invest in Bitcoin.

There are things you have to forego in other to invest in anything, including Bitcoin. The saying "invest what you can afford to lose" means to be reasonable in your investment. Don't invest all the money you have when you know you have nothing else to live on. Don't starve yourself to invest. There are very important things that need to be done, maybe for yourself or your children, don't forego things like that and use the money to invest in Bitcoin. There's no point having money yet you can pay the hospital bills of your kids.
There are things you can sacrifice, and there are things you can't. It's left to every individual to decide what he can and cannot sacrifice.
The bottom line is, to be reasonable, be responsible in your investing.

joining the crypto investment market before having the necessary funds. Most investors are guilty of this specific act. When a friend of theirs advises them to invest in bitcoin, or they read it elsewhere that bitcoin would do well at a specific period, they tend to mount pressure on themselves in the imagination of what they would gain if they are to invest in bitcoin. As they wait for what they heard about the bitcoin price to happen, they will attempt to invest huge money than they can afford to lose. When things don't turn out as they had hoped, they begin to regret their initial decision to invest in Bitcoin

I agree with what you stated.  Aside from that, people tend to move when they are hyped, one of the wrong move of people who are investing in Bitcoin is that they are carried away by the hype.  They only start buying when the news is already selling.  This will give them a disadvantage because when that time comes, the price has already started surging.  so they end up buying an inflated price of Bitcoin.  It is best to accumulate when the news is still silent.  Other investors tend to avoid buying when the market is in its bear market, they don't think that a bear market is the best time to accumulate.

It doesn't matter for how long you accumulating, what matters is when you achieve your goals. Don't be in a competition with anyone because you don't know their financial power. Buy as your money can reach and hold in your wallet and not on exchange or you can lose it

Investing in Bitcoin with all the money you have is a feet wrong move because Bitcoin has lots of volatility that the market can dip anything without giving investors a clear warning and when that happens you'll be forced to sell your bitcoin and that'll be at lost making you lose.

It doesn't matter if you're accumulating or investing by buying in one trade but you should never use all the money on you to buy Bitcoin as that's a wrong way of investing, only invest with your spare money that you won't need for a long duration so it can yeild a better profits.