Quote from: Popkon6 on Today at 05:32:02 AM

Quote from: Litzki1990 on December 07, 2023, 04:37:05 AM

Quote from: Popkon6 on December 06, 2023, 04:53:41 AM

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Investing in Bitcoin is always a sound and sensible decision, given that the price of Bitcoin has increased significantly since November, now is not the best time to invest in Bitcoin. We have trusted Bitcoin for a long time and have been investing in Bitcoin with trust in Bitcoin for a long time. When Bitcoin had relatively bad times, invested in Bitcoin during those bad times and invested and held Bitcoin waiting for good times. My plan was that since I would be holding my bitcoins for a long time, a temporary drop in the price of bitcoins is not a big deal. I hired at a time when people weren't talking much about investing in Bitcoin and I've held my investment so far and will continue to do so. I have a plan to hold my investments for a long time and I want to execute that plan 100%. Since I was able to hold on to my investment during the bad times of the market, I think it will be easier for me to hold on to it in the coming days.

Of course, investing in Bitcoin is a long-term investment. I've been holding on to Bitcoin ever since it hit 15.5K in late 2022, and early 2023. And till today I invest in Bitcoin following DCA method 2 times a month. I have been hoarding bitcoins for a long time and it is my dream that I will hoard bitcoins like this for years to come. I have accumulated bitcoins for 13 long months and will continue to accumulate bitcoins for years to come. Because I have seen my wallet improve.

That's why everyone is advised not to sell bitcoins after seeing the wallet improve.

Congratulations for getting into bitcoin at or near the bottom of this particular cycle, and surely anyone who has been investing into bitcoin fairly consistently and/or aggressively within about the last 18 months or so will currently be sitting fairly pretty in terms of the profitability of their BTC holdings.

At the same time, any of you guys starting in bitcoin in the last couple of years are still babies in terms of you bitcoin longevity and your potential ability to actually demonstrate abilities to survive well through good times and bad times.. not merely words but also actions... .

So lets see if you can make it through a whole cycle or even a cycle and a half, and don't get me wrong. . I am not trying to bash on the fact that you state your "good intentions" to be a long term BTC Hodler. which is way better to be talking the talk rather than not... so it is a step in the right direction, while at the same time, don't take for granted that if you have a mere 1 year (or perhaps a bit more) experience in investing into bitcoin that you are some kind of a veteran in regards to bitcoin.

On the other hand, I am sure that you came to bitcoin with other life experiences that may more may not be relevant in terms of getting you to the point in which you were able to have enough conviction to start investing in bitcoin towards our most recent local bottom .. which also must have a story, beyond merely getting lucky.. by being in the right place at the right time.. which don't get me wrong, sometimes there is going to be some luck involved too.. and nothing wrong with a bit of luck that does not need to always be attributed towards being some kind of sorcerer in regards to bitcoin's price and/or price direction.

Quote from: Popkon6 on Today at 05:32:02 AM

Quote from: Litzki1990 on December 07, 2023, 04:37:05 AM

If an investor has a little bit of courage, trust and the tendency to hold on to his investment, then he can definitely hold on to his investment for a long time even if he overcomes a hundred hurdles.

Quote from: Popkon6 on December 06, 2023, 04:53:41 AM

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

You can discuss the benefits an investor can get from holding on to their bitcoins, but if you warn someone, they'll think you're convincing them to sell the investment. We usually invest in Bitcoin with the possibility of getting good amount of profit and keep that investment for time but it is not sure that I will get hundred percent profit if I invest in Bitcoin and keep the investment for long time. So you can show great potential without giving 100% guarantee to someone, because if an investor invests, the risk of money will be taken by that investor.

A person willing to invest in Bitcoin must have the ability to accept the risk. As an example myself, I was very scared when I started investing in Bitcoin but now that my current wallet is not scared, I don't mind taking a bigger risk. Because I have found that nothing can be achieved in life without taking risks. Because of which risk is always the key to success. Once the risk is taken it will be possible to improve in the future, as I consider myself somewhat successful by investing for a long 13 months.

But we have more positive points because investing in DCA method, of course, on average, the risk is reduced a lot. So this is the best method to invest in Bitcoin.

These are all good points.

Quote from: Onyeeze on Today at 05:50:56 AM

Quote from: ginsan on December 07, 2023, 08:07:28 PM

Quote from: summonerrk on December 06, 2023, 08:31:36 PM

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

So that's what is called a big mistake in the investment they made. Everyone has made the mistake of selling too quickly and it was a rash decision they made. I see many who take quick profits when the market moves up recently but it is still difficult for them to find a lower price like the first entry they made. However, there are also those who apply the buy back strategy to increase their BTC holdings from the profits they get.

Especially those who sell quickly are traders and not those who invest in the long term. So it's not surprising that the sell order wall is high because they take profits quickly. I think there are many factors that they might regret their hasty decision to sell because if Bitcoin could close at $50k in the near future then they missed a bigger opportunity to make a bigger profit / and that's just a small example)

For those who can hold longer and continue to buy on dips, they are potential new rich people someday and we have seen the adage that Holding is a winner.

People sell rush and sell their coins because of the kind of investment they are into, People who into short term investment probably rush to sell so that they will not lose opportunity to, and people who is into prolong investment will deem it fit to ensure that they have keep their coin until bitcoin reach to a particular amount they wants before selling.

The thing that have to do with bitcoin is that if you don't have target of when you will sell and when not to sell you will think that someone who sold it on time rush to sell, myself I will not sell my bitcoin for now and I can never sell bitcoin because I know that the price of bitcoin is increasing day by day and selling now I might regret my actions and decisions later so it's rather for me to keep my coins and check what 2024 bullrun will yield

Your assertion comes off as a bit confused. Sure, shorter term BTC holders will likely have target sell amounts, and surely some longer term BTC holders will also have sell targets.

You seem to imply that it is good to have a sell target, even if you are longer term BTC holder, but you personally don't have a sell target because you want to see the price go up first to be able to figure that part out... as if you need to establish selling points.. which you do not have to establish selling points, even though you can decide to sel off various parts of your BTC holdings at various price points, but you do not need to figure out selling your BTC if you do not want to. In other words, it is not necessarily to establish BTC sell points, and you can decide that you are not going to make any plans to sell, but you might still be able to sell small portions at any time that you like, if you want to.

Let's say for example in 2015, you decided that you were going to put $45k into bitcoin, and then you were going to figure out what to do later... such as 10 years or more. So you ended up buying around 150 BTC for right around $300 each. At some point along the way, you may well end up changing your plan because you see that your BTC is worth so much, but you do not need to decide to sell it, but instead to just start to shave off 5% or 10% per year based on the 200-week moving average value.. and maybe even you are spending some BTC from time to time, but you still have other income sources because you pretty much ended up getting returns on your BTC that were much greater than you thought and much sooner than you thought. And, at the same time, there is no need to plan to sell large amounts of BTC at any given time in order to be able to prosper significantly from merely having the BTC, letting it ride and maybe even spending from other sources and/or investments that you have rather than spending your BTC in which you have no reason to believe that it is not going to continue to hold its value better than many other assets, if not most assets, if not all other assets, so why would you want to sell your BTC first? or even why would you conclude that it is part of any necessary strategy to consider selling much if any of your BTC.

Now there is no need to even see that many profits in order to still have a similar kind of mindset, and instead of having an average cost of $300 per BTC, a person might have ended up investing in bitcoin for several years between 2016 and now, and maybe s/he ended up investing more than $60k-$100k into bitcoin and having around $2k - $5k per BTC cost, which would be around 20 BTC (not as good case) to 30 BTC (better case) accumulated. That person could be in a similar position as the earlier person - even though his/her cost per BTC is much higher and also his/her quantity of BTC is much lower... but such person could still start to consider if s/he might have enough BTC or if there is any need to sell much if any BTC in order to be advantaged by having had accumulated anywhere between 20 BTC and 30 BTC over the past 7 years or so. Again, there would not necessarily be any need to engage in any kinds of large amounts of selling of BTC in order to be able to prosper tremendously from having the BTC even if there might be considerations that s/he might believe that s/he has enough BTC. People are different in regards to how much is enough and how to manage their BTC once they believe that they have reached or are close to reaching their BTC accumulation goals.

Quote from: Litzki1990 on Today at 06:03:30 AM

You have shown the price chart for October and November here in the price chart, between October and November I think a lot of investors invested in Bitcoin and they sold their investment again after making a small profit. It happened only to some investors but the real investors were never affected by this price change and they held their investments till now.
If the October and November price charts had influenced me, I would have sold the investment instead of increasing my investment again, but I didn't. I already have enough Bitcoin investment but I have increased my investment again hoping for something better and I have enough faith in the investment that I hope that one time I will get a good amount of money return from this investment.

Michael Saylor? Is that you?

Quote from: Litzki1990 on Today at 06:03:30 AM

In one word, you can call successful and true investors who can accept temporary or temporary loss and keep their investment focused on specific target.

What is the "specific target?" Isn't the target moving? I mean we could have some ideas about how many BTC that we need or that we want, but we might have varying ways to valuate our BTC holdings , such as valuing it in dollars or valuing it in hookers, lambos and blow, or some other ways of valuating our holdings.. so do you think that we are going to know when we get to the target? or is the target just to get more and more and more.

Actually, earlier in your post you mentioned that you have enough bitcoin, but you still continue to buy more... so why are "we" buying more? Is the more for a cushion? or is it that you are not sure if you have enough or not?

I am not trying to pick on you, but it can also be difficult to suggest that everyone is going to know what their specific target is.. because maybe it is not exactly a specific target but it is a kind of moving target or a kind of target that is somewhat specific, but has to continue to be reassessed, even if "we" might try to mostly stay focused.. such as saying that I want to make it to entry-level fuck you status in today's dollars, and I expect to get there in 5 years or 10 years, but if I don't meet the timeline or the amount is even changing based on how well assets might hold their value in the future as compared to my attempt to predict future value based on present value assessments... or projection of present value into the future.

Quote from: pinggoki on Today at 09:05:05 AM

Quote from: JayJuanGee on December 07, 2023, 06:34:13 PM

Sure if you have long term investment ideas, then you would likely not be selling any of your bitcoin now, but I doubt that the reason would merely be because you expect profits to be guaranteed in the future, but instead that you had made your investment into bitcoin based on a long term investment thesis and you are not merely thinking about short term profits.

That's a decent thesis to follow, a lot of people have regretted not getting into bitcoin and they're not really that into missing out again if they can help it, plus it's the easiest thesis to follow when it comes to bitcoin investing, all you need is patience to wait for your bitcoin price to come and then buy again when the price starts going down and setting another goal.

Quote from: JayJuanGee on December 07, 2023, 06:34:13 PM

On the other hand, if you come into bitcoin and you do not have solid ideas for what might be your investment thesis, and you might not even know why you like bitcoin except for thinking that it could make you some money, then you likely would be more inclined to sell at various points along the way, and you might not really realize that you could sell in increments, but instead you think about either being in or out, and so it could look very attractive to get 40% to 60% profits in less than a couple of months.

Totally agree, not knowing where you stand in something will ultimately be your downfall and in the case of bitcoin investment, neutral or indecisive stance will lead to losses and discouragement from investing in something ever again. If you don't like complications, just follow the first investing thesis since you don't have to work too much in terms of analysis there but do what works best for you.

There is nothing wrong with being flexible, but at the same time having goals.

For example, let's take your forum registration date in December 2016, and let's say that you started out with some loose goals of accumulating BTC, and sure if you were consistent and organized, then after 7 years, and investing around $100 per week, you would have invested around $36.6k and you would have accumulated about 5.7162 BTC, and so there can be quite a few variations on such a theme that is still relatively successful, but at the same time, there may well be points in time that you mix up your practices based on your learnings about BTC, so maybe if you made some mistakes along the way, you learn from the mistakes, so you are likely not just randomly making changes based on loosey goosey standards but based on experience and ongoing attempts at learning along the way.

Of course, you would not necessarily need to stick with DCA, because the extent to which you might stick with DCA might depend upon what you did in the past, and thereby assessing what to do in part based on what you had already done, but if you had made so many mistakes that you did not accumulate much if any BTC over the years, then you might decide to now increase your level of aggressiveness, which could cause you to conclude that DCA is best or maybe you want to front-load by lump summing into BTC or maybe you want to plan to buy on dip or some combination of those - which may well be based on your reassessment of the situation based on where you are at now and if you believe that you might have made mistakes in the past and perhaps attempting to not make similar mistakes, in the event that you had made mistakes in the past.