Quote from: Tmoonz on Today at 12:26:52 PM

Quote from: Justbillywitt on Today at 06:46:20 AM

Quote from: boty on Today at 03:31:21 AM

Quote from: ginsan on March 07, 2024, 09:27:25 PM

Quote from: JayJuanGee on March 07, 2024, 06:06:01 PM

You seem to be describing someone who had overinvested into bitcoin, and another problem is that the kind of person that you describe sounds like a gambler, because the smart thing to do if you have concluded that that you might have over invested would be to take some value off the table, and then to resume with a more prudent approach in which you can stay more focused on your goal of continuing to accumulate in a way that does not cause you to get overly excited (or emotional) about your investment. Sure, it is difficult to set our positions so that we don't get emotional because sometimes it takes a while to build up your position in bitcoin enough in order that you can begin to feel less and less emotional about it. It takes practice to build your portfolio in a way to at least attempt to minimize the amount of emotion, even though we are likely not going to completely get rid of the emotion, especially if we might happen to be normal people rather than bots.

What you say is quite true, especially us beginners need encouragement to fight our emotions of lust when things are like this. I mean we don't have to take a stupid attitude when market conditions are bullish. Yes, we have to be able to resist the temptation of profit because we have done quite well building a portfolio from the past 1 year by buying and holding. But the most difficult period is fighting our desires and perhaps it will ruin an investment journey if we are consumed by the desire for short-term profits.

Of course every increase always gives rise to one reason for every decision where it comes doubt to buy because some of them are afraid of the decision they made. Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

When we have succeeded in collecting as many Bitcoins as we can, of course we have to be able to restrain ourselves because if we cannot restrain our desires, it will very likely take what we have invested so that we will lose the opportunity to be able to profit from what we have collect.

That's why it's good to have extra source of income before investing in bitcoin. That you are investing in bitcoin doesn't mean that you should deprive yourself of the good things of life and the comfort you deserves. If you have money to run your life, you don't need to restrain yourself from enjoying things of this life. You don't even need to consider taking from your investment. As your investing make sure that no aspect of your life suffers or lack anything. Investment should be done without stress.

@ justbillywitt at some point I disagree with you, you don't have to make Bitcoin investment sound more like is only for the rich, any one can actually invest according to his financial capability, however I don't see anything wrong in deriving oneself from certain enjoyments of this life just to keep up with his investment plan, human wants are insatiable if any one would want to be satisfy and have the good things and the comfort he deserves majority that has stash today in their portfolio wouldn't have gotten it, you can lack in some aspect of your life now and invest for a better future for yourself or your generation, it is better to start wimpy and work your way out while already in the market than being on zero status, been in the market can make you look out for other things that will help you keep up with your investment. Is possible you can suffer today by reducing your expenses, comfort and enjoyments but not at the detriment of lossing your life and enjoy tomorrow.

At some point everyone is channeling their opinion with same idea, this issue has been discussed several times and bitcoin investment will always stand as an investment and not a get quick rich scheme, in my opinion the best is always invest with the money you have for accumulating weekly or monthly, what's the point stressing things with the issue of not having a huge sum to buy bitcoin. People usually go an extra mile selling their property to invest when it's not a right decision. The word poor is not appropriate but bitcoin investment is for everyone both an average joe. There's always a plan and target when investing irrespective of our job or account balance but with the right strategy, even with such target there's no point rushing things when buying bitcoin but if an investor is capable of buying bitcoin using the lump sum strategy that's their choice, at the end of the day everyone will have their decision to make when it comes to investment strategy.