Quote from: avp2306 on February 21, 2024, 07:43:20 AM

Quote from: Wind_FURY on February 21, 2024, 05:08:46 AM

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Well if they only have small capital to used then I think they should not focus to hold since there's nothing gonna happen with them if they only decide to hold the small amount of money since if they calculate the profit they get for long term for sure they can only get less that's why instead of focusing on one thing much really better if they split their investment to half and use the 50% for trying to make your money grow by either you trade it or use it on other options that you think can give you a decent profit. The half is automatically for HODL. For sure people will see the best result if they try to find ways to make their bitcoin grow since this can give much better result especially if they are wise taking those good investment online.

I also know its hard to achieve to get good profits or the passive ones but if we gain a lot of experience especially dealing with those risk for sure we can figure out what's bad and good investment for us.

You sound either retarded or like a degenerate gambler. You don't build wealth by fucking around, but hey people can do what they want.

I would suggest that anyone investing into bitcoin to limit his degenerate gambling tendencies to no more than 10% of his bitcoin holdings, and if such degenerate gambler might have only a low amount that he is able to invest, it likely would still end up adding up over the years, even if you are merely investing $10 per week, and maybe even adding to your investment with the passage of time (as I attempted to outline in my above examples) as you make progress in building up your investment size.

If you are fucking around with half of your available cash as avp2306 suggests, you may never make any progress and you may well end up staying poor forever, which surely would not be a good position to be in when you are 10, 20 or even 30 years down the road and have been gambling rather than investing all your life when you could have spent time and discipline developing and employing sound investment practices.

Quote from: Wind_FURY on February 21, 2024, 08:29:29 AM

Quote from: avp2306 on February 21, 2024, 07:43:20 AM

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But get the context, ser. When I mention "small capital" for investing, it's somewhere between four figures to - let's say an amount that starts the five figure amount - $10,000. Compared to Warren Buffett or some other institutional asset manager's billions, that's absolutely very VERY small.

But if your presumption is starting from a mere few Dollars, then it's either save more to buy the DIP and HODL, or do DCA then HODL which STILL are good paths to start your Bitcoin investment journey from zero. But if you suggest that they "trade", and "trade" with leverage then may God be with them because 90% probability is they can't win against the professional traders and their army of bots.

There are likely circumstances in which guys can go into trading and make money off of that, but trading, shitcoins and leverage surely is not the topic of this thread, and you are correct Wind_FURY, there are specialized skills that likely need to be learned, and even learning the specialized skills does not necessarily even result in better performance results than someone who just invests regularly into bitcoin from his disposable/discretionary income.

I few days ago, I outline various hypothetical persons, and put them into 15 different examples in order to show how investment strategies that involve DCA (and lump sum too) could end up playing out..

Quote from: ginsan on February 21, 2024, 08:36:50 PM

Success is not only triggered by planning but we must have confidence in what we do. Investing in bitcoin is an investment that is quite popular at the moment, so for that we need to strengthen ourselves to fight the lust for near-term profits. Apart from that, we can learn from the seniors here, like JJG, who has gone through many obstacles to become a great holder, aka able to withstand it in the long term. lots of very useful advice for us beginners, therefore we can learn while investing in Bitcoin.

For sure, threads like this (and the forum) is an interactive process, and for some reason, guys had become quite engaging on this thread in regards to several of the various ideas and ways to accumulate BTC and including that it seems that a good number of guys have been practicing some of their own variations of BTC accumulation, so the active participation and the employment of the ideas, makes it more likely that the ideas are going to sink in and make more sense...

.. even though surely some guys still seem to be looking for quick results, yet other guys seem to realize that it can take many years to build up a bitcoin portfolio, and we even have some members who have been in bitcoin at various lengths of time, and several of them are able to bring their own level of experience.. and even some of them might be saying that they have to start over because they either got caught up too much into shitcoins or that they had not been employing very consistent BTC accumulation practices.. .. and really, there should be no reason to get worried, even if you are just getting started in bitcoin accumulation in recent times.. and so in those kinds of cases, it might still take a while to learn that it is better to just get started rather than continuing to regret about earlier periods of either inaction or whimpy levels of BTC accumulation.

We likely learn from some of our mistakes, and there are even some very senior forum members with similar stories of relatively whimpy BTC accumulation, so even being involved in the forum for a long time does not necessarily teach guys to accumulate BTC if they are not going to put ideas of BTC bullishness into a kind of accumulation practice.

Quote from: Troytech on February 21, 2024, 09:55:17 PM

Security is like the most important thing in hold, most holders end up losing their asset to phising Link, ponzi schemes and poor education, I think newbies that are interested in investing in bitcoin should take time to learn about it and find out the best way to observe safety, the kind of wallets to use like hardware wallet(trezor cause I plan on buyingone next month, or using closed source wallets, many newbies also make the mistake of leaving huge amount of bitcoin on trusted exchanges and fail to learn from past incidents like the hack on Mt gox and the bankruptcy of FTX exchange, this companies are major target for scammers and they don't guarantee any security to you holders if something happens, we should learn that security is our responsibility if we must keep our crypto safe. I myself try my best to secure my holdings although they are not very massive yet, I'm still on my accumulation stage.

What makes a wallet good is that it is "open source".. and I am not sure how much we should go into wallet security in this thread.... but you can compare hardware and software wallets.

Another priority would be the idea of self-custodial rather third party custodial.. .. but at the same time we know about transaction fees too.. so we might want to make sure that our UTXOs are $500 to $1k (1 million to 2million satoshis) or more rather than having a bunch of small UTXOs.

https://www.athena-alpha.com/crypto-wallets/

https://www.athena-alpha.com/crypto-wallets/rating-methodology/

DO NOT POST SESC LINKS

https://walletscrutiny.com/hardware/trezorT/