Quote from: Litzki1990 on Today at 02:54:32 AM

Quote from: Odohu on January 02, 2024, 05:37:18 PM

Quote from: Justbillywitt on January 02, 2024, 06:34:25 AM

Quote from: JayJuanGee on January 02, 2024, 05:45:46 AM

Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.

One funny thing about the waiting camp is that they will always end up regretting and they are always saying how I wished I opted in. Even while they are saying this they are still waiting without taking action immediately. For me provided the money for investment is available I don't see the reason to keep waiting for any dip, funny enough the current price now might just happen to be the dip of the week or possibly the month.

I'm just learning about that new word today "waiting camp" indeed. They are not far from the fearful, the skeptics, the perfectionists that want to enter at the perfect price if such thing as perfect price exist. Price of Bitcoin will continue to go up and down because that is how the market is designed to worm based on demand and supply.

Instead of spending so much time on the sideline waiting when the funds are available, why not simply adopting the DCA method by buying some while keeping part of the funds for future buy, in this case one is not only waiting for the supposed perfect price but already doing something now and maximising the opportunities the market offers now. The disadvantages of not being proactive in respect of Bitcoin accumulation is just too many.

Bitcoin is the most reliable digital currency for long-term employment. As Bitcoin is one of the most reliable digital currencies, most people invest in this investment platform. For those who invest regularly in Bitcoin, there is no specific time to invest in Bitcoin, rather the time when they invest is the best time for them.

Investing in Bitcoin requires waiting, but that wait is not short-term but long-term. There are some investors who invest in bitcoins but later on they need or see little profit and they sell their investment in this case I wouldn't call their investment a successful investment at all. You can tell me that investment is done in anticipation of good things and for your own needs, so it is natural to sell your investment when you need your money. In this case, I will tell you why you should invest that amount of money in Bitcoin if you think you need it.

There are many differences between investing in Bitcoin and investing in Bitcoin for the long term. After you invest in Bitcoin, let's say the price of Bitcoin goes up a bit and you make some profit and you sell that profit, but when you sell that investment after five to seven years, imagine where your profit could be. It is recommended to invest that amount of money which will not affect your life badly. No investor has ever told you that you have to invest all your money in Bitcoin without taking care of your family's needs or that you have to invest in Bitcoin without worrying about the financial crisis ahead.

Invest a relatively small amount of money in Bitcoin but try to hold it for a long time even if you invest a small amount of Bitcoin.

I personally believe that in some cases, you can do both. You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.

Quote from: Litzki1990 on Today at 02:54:32 AM

Quote from: FinePoine0 on January 02, 2024, 11:35:11 PM

Bitcoin is the best coin that I have ever invested in and is currently self-sustaining. Because I mean in the past there were usually investments with bitcoins, but a lot of bitcoins got destroyed. But Bitcoin is improving now.

So you come back to Bitcoin with this realization like I did. I got the idea of Bitcoin investment when I came across cryptocurrency forums. And from that day I started to invest without Bitcoin. And at present I am independent but in the past I lived a miserable life. Hence the main source of success in Bitcoin.

You have learned about Bitcoin investment after learning about cryptocurrency and you have invested in Bitcoin after learning about Bitcoin investment. You think you had a miserable life before investing in Bitcoin but you have financial freedom after investing in Bitcoin, I think you are trading and not investing in Bitcoin. I said that you are trading in bitcoins because before you were earning and still you are earning and before you had a poor life maybe your salary didn't meet your family needs but now you are buying bitcoins at low price and selling at high price resulting in some profit and that You feel like you are financially independent now that you are doing well with the profits. If you invest you would get the result at the end of certain period but immediately after investing you think you are financially free so I think you are not investing but trading.

That is a good point. It is true that FinePoine0 is describing his bitcoin experience in terms of various kinds of short term gratification, and he likely is not going to be able to get long term benefits and who knows how he is playing his trade.

There are some people who come to bitcoin as traders but they end up converting to investors.. so we do not all start from the same place, even though it seems when the relatively newbie guys are getting so excited about short-term profits, they don't seem to be considering their bitcoin holdings in terms of it's longer term ramifications...even if they are trying to appear that the are talking the talk.. but they are seeming to be faking it...