Quote from: FinePoine0 on Today at 06:19:01 AM

Quote from: I_Anime on March 10, 2024, 11:10:16 PM

Quote from: JayJuanGee on March 10, 2024, 10:25:11 PM

It sounds as if you have stopped accumulating bitcoin FinePoine0. So does that mean that you have enough bitcoin?

You are not free from the trading mentality if you believe that buying and just sitting on it is going to be enough, and it sounds like you are just considering the point in which you are going to sell.. which also is not a long term commitment...

So yeah if you stopped buying, then you have already likely been losing opportunities because maybe you are either presuming the price is going to come down or you are planning to sell when the BTC price goes up, and then where is that going to put you? Are you going to be better off in the long term or just some short term pleasure that you were able to get from "buying low and selling high?" which is also known as trading.

@finepoine0 the way you sounded is like you have stop accumulating, yeah is true that due to the recent movement those that are being holding are in profit also with those of us that started months ago. That shouldn't stop us from accumulating more quantity of bitcoin in our portfolio. Because I know you guys are aware that we are in profit due to the increase in value bitcoin undergo recently so our bitcoin quantities we have accumulated is still the same, but as increase in value as well, as bitcoin increase in value. So we should still try to continue our DCAing to help us increase our bitcoin in our portfolio , because due to the time you started your accumulation, I'm not sure if you have been able to accumulate enough in your portfolio with such short period.

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts. Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

You seem to be writing a bit in a form of a riddle, so it is not very easy to understand the answer to the clear question regarding whether you are still accumulating BTC.

My overall sense is that you are, but you are not very clear about it since you continue to talk about your BTC accumulation as something that you did in the past and that you have enough.. except you are not selling blah blah blah..

In other words, you are about as clear as mud..

Which means you probably don't have enough BTC, you likely need to continue to accumulate and then maybe in 4-6 years, let us know where you are at then... but in the meantime, keep accumulating in accordance with your abilities, even if it might seem that every small extra bit of BTC (satoshis) that you buy is only making a small extra bit of difference, over the next 4-6 years or maybe even if your timeline is 10 years or more, then you may well be glad that you continued to accumulate bitcoin rather than stopping after only a short amount of time.

It is hard to imagine any successful investor who ONLY invested for 13 months and ended up being successful from that.. that seems more like a fantasy than a reality, even though maybe once in a while there might be those kinds of stories... they are not reflective of the real ways that real people actually end up putting themselves in better financial situations in the real world.

Quote from: Tmoonz on Today at 08:44:10 AM

Quote from: Ludmilla_rose1995 on March 10, 2024, 11:10:09 PM

[edited out]

@Ludmilla_ rose1995 I don't buy the ideas of involving in Altcoins and your are totally wrong with your idealogy, firstly they don't have any future potential and it has no accuracy of which there is so much high risk level associated to it, very complex even to old and experienced ones and most times they have losses. Don't be deceived majority will only talk about it in terms of when they have make profit but will not talk about there losses that is one funny thing about it but however it is your choice if that is what you want. Fuck altcoins, fuck shit coins.

Exactly. Investing in shitcoins is stupid as fuck, especially when we have an opportunity in the best asset so far known to man, and available to everyone, and getting distracted into shitcoins amounts to retardedness or gullibility and/or distracted mindset...

So anyone who is not able to resist their temptations to gamble and want to invest into shitcoins should at least attempt to do themselves a favor by limiting their investment into shitcoins to no more than 10% the size of their BTC investment, so at least, they would have put some kind of limit on the level of their dumbness and at the same time potentially satisfied their desires to explore with those gambling products that seems so irresistibly tempting (and that is how they are designed.. to lure in people who don't know any better - and even seemingly smart people get involved in them and involved in persuading you to either invest into their crap or to sell your BTC.. or fail to invest in BTC because you are distracted into seemingly shininess. .and when the shininess wears off, you see that you had been shining a turd).

Quote from: Salahmu on Today at 09:44:53 AM

Quote from: Tmoonz on Today at 05:40:25 AM

Quote from: Mayor of ogba on March 10, 2024, 02:57:15 AM

It is not mandatory to have an income that exceeds our needs before we can start our bitcoin investment. Since bitcoin is a long-term investment, we need a good source of income. We will be using 10% of our salary to accumulate bitcoin every week or month, depending on when we receive our salary. We can also keep 20% of our salary as a reserve fund to be used to settle any unforeseen problems that may arise unexpectedly, so that we will not depend on our bitcoin investment to settle them.

Contrarily, is best you have either income or side amount of savings or other investment that is greater than your expenses in other to be able to invest, if such plans has not been made and there is no access to that then you are more gambling rather than investing because there is no certainty of you keeping up with your investment.

Before this time I was actually thinking that is a must that every investor most have a steady source of income before venturing into Bitcoin accumulation but I realized that even without having steady income you can still continue to invest on Bitcoin because I have seen someone who has no steady source were income is flowing but based on how his plan on investment on Bitcoin is, he has consistently accumulating Bitcoin till now without tempering his investment, so actually he explains how he has been able to continue or consistently investing on Bitcoin, so according to him he mentioned that truly he doesn't have a steady source of income but that he has other side hustling were they use to hire him sometimes so from there he was able to strategize himself to consistently investing on Bitcoin using the normal DCA , although he mentioned that do to how inconsistent the work is most time he doesn't meet up his weekly accumulation so most times he accumulate on monthly. So after his explanation I realized that with a proper planing anybody can invest on Bitcoin because if someone should wait until his portfolio is filled with money before they could start investing on Bitcoin, at the end they may likely not going to be partakers of Bitcoin.

You do not need to have a steady income to invest in bitcoin, but you do need to have income that exceeds your expenses, and likely if you have a lot of dry spells in your income you either have to stop investing in bitcoin during the dry spells or you could invest with reserves.. .. so merely because someone might have been gambling and doing well with bitcoin investing, all of us should still be striving to exercise good practices so that we never have to sell any of our bitcoin at at time that is anything but our own choosing, and surely we are likely going to be advantaged to be able to hold and invest into bitcoin 4-10 years or more before we even start to consider any practices that involve selling our BTC rather than strictly accumulating.

Quote from: I_Anime on Today at 11:57:33 AM

Quote from: FinePoine0 on Today at 06:19:01 AM

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts. Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

well is okay, everyone here have their goal and plans for their investment (bitcoin). Like me I have different goals (of quantity of bitcoin I want to accumulate) till I reach my main goal, inorder to keep up with my progress, well for example some one who have his accumulation goal to be one bitcoin. Expecially for those of us that just started their accumulation of bitcoin not quite long . And to buy one bitcoin recently is expensive for most of us, so inorder to meet such goal the individual would need to engage with different strategies in accumulating bitcoin like DCAing and the others, such individual may have different goals before the main goal which is one bitcoin, so those goals can be 0.01 Btc, 0.05 Btc, 0.1 Btc, 0.5 Btc, then 1Btc (final goal ) respectively. Depending on the individual financial capability and the price of bitcoin. But same person can still continue with his accumulation either with DCA or buying the dip , once in while (not as frequent or aggressive like when one have a goal to hit) , So I guess that what you should be doing now .

I doubt that there is any need for a final goal, but sure I get your point that there are likely easier to reach goals and working up to a longer term goal that might seem difficult to achieve (or maybe even seem impossible to achieve)... .. and so yeah, it is good to keep the various goals in mind and also to readjust from time to time, too... since there could be several differences in your situation 4-6 years later versus when you first established the goals, besides the fact that maybe you had already reached several of the lower level BTC accumulation threshold points.