Quote from: Winterfrost on Today at 04:24:00 AM

Quote from: JayJuanGee on Today at 12:11:37 AM

Quote from: I_Anime on Today at 12:01:15 AM

.... disciplining oneself to have a good psychology, inorder to build a good portfolio .

I think that if you are able to put your finances in a comfortable place, then you likely do not need as much discipline regarding the psychology, and the psychology will follow from having your finances in good order, and also psychology follows when you have built up a good sized BTC stash and you are in profits.. but until you get to that point, your building of your financial systems should be helpful in terms of giving you peace of mind that strengthens your psychology.. since you will more likely have systems in place in which you are prepared for the BTC price to go up or to go down or to go sideways.

this is absolutely true.
At every stage of your Bitcoin accumulation journey, there are major factors that could stand to bother you.

At the start, it's more of sorting out the right plan to work with which is basically a function of your financial strength and you might just need to decide if you're financially strong enough to buy in bulk or settle with the DCA method and when doing this, there is really no need to bother about any sort of emotional or psychological whatever. You have to face the visible fact that your finance is either strong enough to buy in bulk or isn't.

At the point when you've accumulated a good amount of satoshis in your portfolio and then the market is bullish and you're also at a good profit, this is when you've got to work on your emotional and psychological prowess that will help you become disciplined and patient enough to building a good portfolio. It's not always an easy thing to keep your emotions in check when you're in profit and what some persons would normally do is to sell out some of there holding and reinvest it whenever there is a DIP. But the issue has always been if the market will go as DIP as they would normally expect it to and the obvious answer is , even if it doesn't, as long as you're buying to hold for much longer period of time, you're definitely going to be in profit.

Those are some good points Winterfrost, including that the very earliest stages would be setting up a short term plan that is largely just focused on establishing a kind of initial stake, and perhaps getting other aspects of your financial life in order - since any kind of investing is likely going to cause us to have to be more disciplined with our personal finances, while at the same time if the asset class is very volatile (and even controversial) such as bitcoin, there is even more needs for making sure that your financial house is in order while in those initial stages of building.

So then at some point further down the road, there may well come various temptations regarding whether there might be some advantages to trying to sell some of your stash and to rebuy, and these kinds of temptations can come, even when guys should be clearly in their fairly early stages of building their BTC stash - yet since each guy enters bitcoin at a different point in his investment (or life) journey, he is likely going to be faced with the dilemmas at points that cannot be classified very clearly, yet I would still contend that if the guy does end up concluding that it would be good to shave off some BTC with hopes of buying back lower, that he is only leveraging with relatively small portions of his overall stash and that he stays focused on accumulation through ways of buying, even though there could be some situations in which selling some might be a good hedge (while balancing and realizing at the same time that he might not be able to buy back the sold BTC at a lower price).

Quote from: Tmoonz on Today at 05:55:11 AM

Quote from: JayJuanGee on Today at 12:11:37 AM

[edited out]

Yeah I gat this point correctly, that is having a certain level of preparedness in terms well planned funds allocation and being much ready in taking the necessary measure as regards to balancing up with your investment in terms of when the price is goes down and when the price goes up in order to ensure you are accumulating good size of Bitcoin in your portfolio and seeing that your overall is in profits, that is true when an idea investor takes an appropriate measures in his accumulation process he has the rest of mind needed to grow his asset.

There likely will be times in an investment that it might not be clear whether progress is being made - especially a guy might be continually buying, and maybe even over 6 months to a year or even more, it seems that the value of his investment is going down rather than up (as measured in dollars), so he could become disoriented and disenchanted by those kinds of dynamics - but at the same time, he might see that his BTC stash size is continuing to go up and maybe even his cost per BTC is continuing to go down, which should cause him satisfaction even during the seemingly tough times that might not even be clear if they will resolve - since we also know that there is no guarantee that bitcoin will recover from every crash, so we have to be prepared for those kinds of possibilities, even if we still assess bitcoin as amongst the best of investments (if not the best of investments).