Quote from: promise444c5 on Today at 11:32:53 AM

Quote from: JayJuanGee on Today at 02:51:58 AM

Fuck shitcoins. There is no reason to get involved in them, and if you cannot resist your desire to gamble and to fuck around with them, then limit your investment to no more than 10% of the size of your bitcoin holdings and your ongoing strategy should stick with 90% bitcoin.... including any new money that comes in.. make sure you get 90% in bitcoin before getting distracted into shitcoins.. and another bad thing about getting distracted into shitcoins, you are also distracted into dumb ideas.. which may well contribute to your abilities to understand bitcoin as well as you should.

Seriously shitcoins tends to represent their name most times , as you've said I guess most of them are just shitty entirely but shouldn't there be a difference between Alt and shit ?? Just saying, though shit coins are altcoins but we all know why they are called shit it's mostly gamble like to trade shit coins

Yes, you can try to figure out which shitcoins are less shitty. That is up to you... is it a good use of time or not.

In any event, if you go to analyze any shitcoin, you should presume that it is shitty, it is not worth spending time, money or your own energies/efforts investing into it, but if you study it for a while and you are able to overcome the presumption that it is shitty, then you would there after consider how much further to invest into it. .and those kinds of analyses are not relevant to this thread... in terms of decisions that you made that might allow you to justify more than the 10% limit that I suggested.. with any limit and/or starting point, you are of course free to analyze and come to your own determination to go outside those parameters.

Another thing that I frequently suggest to newbie investors is that they should start out investing in bitcoin anywhere between 1% and 25% of their investment portfolio, and if they do not have an investment portfolio, then they should start out by investing 1% to 25% of their income into bitcoin in order to start to build their bitcoin portfolio (which will later become part of a larger investment portfolio, even if it may well take several years before expanding beyond bitcoin and cash), and at the same time, even though I provide 1% to 25% starting guidelines, any person is free to come to their own determination, and maybe if they are brand new, they have no information to even figure out whether their investment into bitcoin should be at the lower end of the range or at the higher end of the range, but they should start by figuring out the range first before going beyond it, but if they later can justify reasons to go outside of the range, then I have no problem with the idea of people coming to their own determination, especially if they have figured out reasons why they should go outside of the range besides pure gambling and/or yolo type behaviors but instead study and analysis of themselves, their finances, their psychology and other relevant investment matters which would also include considerations of bitcoin as compared with other possible investment opportunities.

Quote from: promise444c5 on Today at 11:32:53 AM

And talking about the 90% van you please talk more about the 90% , is it based on current capital or all accumulative capital in total or maybe we can just say current cash at hand for investment..??

If you are brand new to investing into bitcoin, then I recommend that you invest anywhere between 1% to 25% of your investment portfolio into bitcoin, and if you do not have any other investment (besides cash) then I recommend that you invest 1% to 25% of your income into bitcoin, and so in the end that leaves you a lot of flexibility. As far as shitcoins, I recommend only to invest up to 10% of the size of your bitcoin investment into shitcoins, so hopefully you are not reading me wrong into believing that you invest 90% of your portfolio into bitcoin or 90% of your networth, since I am not saying that, but if you have a cashflow and you have established a what are your expenses, and so you have a certain amount of you income that is available to invest, then usually you want to have a minimum of 3-6 months of cash (or other relatively liquid funds) available to cover various shortages of your cashflow and you should also have some extra amounts that are emergency cashflow. You should have those kinds of systems in place before you invest into anything, but sometimes you can build the emergency cashflow and the BTC holdings at the same time with a kind of target of getting to 3-6 months of emergency cash that is not bitcoin.

Let's say for example, you make $1k per month, but you know that around $700 to $800 per month are your expenses, so you ONLY have $200 to $300 left over that you could invest, so maybe if you are a beginner, you might devote half of the extra towards building up your cash reserves and the other half to buy bitcoin, but if your target it to have 6 months of cash reserves, then you might need to get to between $4,300 and $4,800 in cash reserves, and it would be your discretion whether you build your bitcoin up at the same pace, because it can take a long time to build up that amount of cash reserves if you only have $200-$300 per month to build it up, and there could be ways to consider getting your pay to exist or cutting some of your monthly expenses..and you will have much more freedom to be aggressive with your bitcoin investment once you have build a decently strong cash reserves.

Quote from: Litzki1990 on Today at 12:43:23 PM

The market for Bitcoin and other cryptocurrencies is uncertain,

But we are not talking about "other cryptocurrencies" here, so why mention such thing? We are talking about bitcoin. Focus is good, no?

Quote from: Litzki1990 on Today at 12:43:23 PM

anything can happen at any time and it is impossible to be certain about the market in advance.

Sure anything can happen, but if we don't have any bitcoin at all, then we better start buying some rather than just looking at it and saying "anything can happen." If we do not buy any bitcoin, then we are not preparing ourselves for bitcoin to go up, but even if we buy some bitcoin, we can still be prepared for bitcoin to go down by still having some money available, just in case BTC prices go down further after we had already bought.

Quote from: Litzki1990 on Today at 12:43:23 PM

Try to know the Bitcoin market well and if you try to know, you will come to know at some point that no matter how confident you invest in Bitcoin, your money remains at risk. After getting enough knowledge about the market and analyzing the market, we must accept the risk that remains in the investment. Maybe our little money risk will pay off well in the future.

There is nothing wrong with these ideas, and likely we prepare for the BTC price to go up or to go down by buying and position size and then likely if we do not know very much we continue to study, and if we are lacking in confidence regarding our lack of knowledge about bitcoin, then we likely need to keep our BTC position size down enough so that we are able to study and to gain confidence so that our position size is somewhat lined up with the level of our knowledge and confidence about BTC.

Quote from: Litzki1990 on Today at 12:43:23 PM

We have enough trust in Bitcoin and we need to use this trust to invest in Bitcoin.

Hopefully we are not relying too much on blind trust, but as you mentioned earlier a kind of trust that comes from studying and understanding (as best as we can) what kind of actual factors contribute towards our having confidence in bitcoin's investment thesis.. and why we want to invest and how much we want to invest based on our having had tried our best to study reasons for and against bitcoin's investment thesis and continuing to revisit our ideas about the strength (or lack) of bitcoin's investment thesis with the passage of time and with new information we can attempt to figure out if anything that has been happening challenges our investment thesis.. and if our bitcoin investment size continues to be appropriate, then we continue to stick with it.. and it is possible that even if we continue to study bitcoin, that there may be learnings along the way that may cause us to think differently about bitcoin as compared with earlier, but at the same time the strength of our investment thesis may or may not end up changing along the way.

Quote from: Litzki1990 on Today at 12:43:23 PM

Whenever we make an investment relying on Bitcoin, we don't have much to worry about this investment and we can definitely hold our investment for a long time. When an investor plans to hold his investment for a long time at the beginning of the investment, he goes a step ahead in getting better returns from his investment.

Holding a long time does not cause bitcoin's investment thesis to become more certain, but it could affect how we go about investing into bitcoin if we consider that we are likely going to be holding bitcoin 10, 20, 30 or more years. .but then at the same time, we might be considering that when we are earlier in our bitcoin investment journey we likely are more into building it, but then later on in the longer term, we may well be making some adjustments in regards to if we start to believe that we have accumulated enough or if there might be some preferable changes in our strategy that likely would be informed in part based on how many BTC we have had accumulated and how the BTC had performed as compared to other investments that we hold and as compared to other investments (or consumption interests) that might be available to us at various later points down the road.

Quote from: rachael9385 on Today at 05:21:33 PM

Quote from: MusaPk on Today at 08:43:29 AM

Its more profitable to accumulate Bitcoin when its down then when its up. Like its more beneficial to accumulate Bitcoin when its down to 20k then when its trading on 67k.
But its human nature that they are more willing to invest when price goes up rather when its up. See for instance the fear and greed index. Generally the needle is on the left down side of the ring when price is down and its on right side when price goes up.

https://alternative.me/crypto/fear-and-greed-index/

If we allow risk or greed to take over our mindset, then we will not be able to invest and accumulate Bitcoin at the same time with fear.

Measuring market sentiment is not a very good way to figure out our own strategies, and sure it might affect us in small ways, but it should not be central in terms of our figuring out and following strategies that we have established.

Quote from: rachael9385 on Today at 05:21:33 PM

Although, I agree that our profits all depend on the amount and how frequently we click the buy button, in years to come, 1 Satoshi will be worth a hundred boxes or more, so if we can start from now to buy and hodl then we will not regret our actions because we have invested earlier, accumulated with DCA strategy without any fear or greed.

That's true.

Quote from: rachael9385 on Today at 05:21:33 PM

If Bitcoin's price increases, we investors will be very happy about that, but at the same time, there are others that will still want it to drop so that they can buy. Those that are praying for Bitcoin to reduce are the guys that have not yet invested, so they just sit down and wait for Bitcoin to be reduced, so that they can buy.

Yep, and they might be sitting a long time since one of the better things to do is to act upon plans rather than sitting around waiting, and even if the BTC price does drop, will that cause them to buy and will it make any difference towards their overall psychology in terms of if they had just been buying all along instead of waiting for dips that may or may not happen and for the answers to unimportant (or unknowable) questions regarding whether the dip is enough of a dip or not.

Quote from: rachael9385 on Today at 05:21:33 PM

However, I come to think that those that want the price of Bitcoin to be reduced are the ones that are so scared and greedy. At the same time, they don't want to buy at a high price, so they are waiting for the price to reduce. (I am trying to say, people should not mix fear and greed when investing).

Just buying regularly will have good chances to get the investor into a better mindset, and if they are worried that the BTC price is too much, then just buy less, but probably not so great to stop buying unless you have reached some kind of BTC accumulation goal that justifies making such downward adjustments to regular and ongoing BTC buys.