Quote from: martinex on Today at 03:46:25 AM

Quote from: JayJuanGee on April 29, 2024, 06:31:16 PM

I am not assuming anything, except that anyone investing into bitcoin has to have discretionary income if such persons are going to invest into bitcoin or anything else. If such persons do not have discretionary income then they are gambling rather than investing, and I am not suggesting that anyone gambles.

This is what is happening now sir.. Lips sealed

Sure, a lot of people make mistakes at various times because they might be investing beyond their discretionary income, so then they may well get frustrated when the BTC price drops because they were hoping it to go up so that they could scalp off some profits.. which surely some times those techniques can work in favor of the person who is gambling, but surely it does not seem to be a good way to approach such a volatile asset like bitcoin tends to be.

By the way, it is true that trading works way better with volatile assets rather than non-volatile assets, so if you know what you are doing, then surely, there is way more potential to make money in BTC because of its close to inevitable volatility..

One of the problems that I frequently attempt to point out is that bitcoin is amongst the best of assets known to mankind (even currently as I type this post), so there does seem to be some silliness in screwing around with trading it, even though there could be some smart ways to engage in some variations of trading it - though surely it also seems like one of the wiser things would be to at least build up some kind of a decent holdings in it prior to fucking around with trading it and if anyone is trading it, then that trading portion of their BTC holdings may well be limited to only a small size of their BTC holdings, perhaps 10% or less unless the person has special skills for trading, which most people do not, even skilled traders might have troubles in actually making trades with BTC that are more profitable than a mere buy, hold and accumulating of BTC strategy.

Quote from: OrangeII on Today at 02:21:19 PM

So far I am still holding back, and trying to increase the assets I have. Selling, buying, or holding is an absolute decision that every investor has. However, before making that decision, it would be better if we did some research. Each person here may have a different portfolio, so their decision choices will be different. So far I prefer to hold and collect assets.

Since you seem to be so excited about "collecting assets," you may well be too involved in shitcoins.

For example, we can look at your forum registration date, and then we can see that if you had been investing $100 per week into bitcoin since your forum registration date, you would have had invested right around $44.2k, and you would have accumulated right around 17 BTC, so that would not be a bad place to be.

Has whatever "collection of assets" approach that you have been employing paid off better than a strategy that somewhat strictly attempts to stay focused on BTC accumulation? Of course, your numbers might be different in terms of the amount that you might have had invested over the last 8.5 years-ish.

And, I am not necessarily saying that guys need to completely stay away from shitcoins, especially if they either have irresistible urges to gamble or they might have some curiosities about shitcoins, yet most likely it would be better to limit the amount of your involvement in shitcoins to less than 10% the size of your BTC investment - and yeah, I understand compulsive gamblers have difficulties limiting themselves, so that is on you if you are either not able to limit your gambling or if you might not have some prudent ways of involving yourself in assets that are likely both inferior to bitcoin but also really likely to be quite correlated with bitcoin, anyhow.. (meaning that the assets you are collecting - if they are shitcoins - may well depend on bitcoin performing well in order for them to hold their value and/or to otherwise perform well).

Quote from: I_Anime on Today at 10:39:25 PM

Quote from: OrangeII on Today at 02:21:19 PM

So far I am still holding back, and trying to increase the assets I have. Selling, buying, or holding is an absolute decision that every investor has. However, before making that decision, it would be better if we did some research. Each person here may have a different portfolio, so their decision choices will be different. So far I prefer to hold and collect assets.

But still is better to get to a certain point in your accummulation where you have gotten yah self a good Bitcoin stashes, before thinking of withdrawing from your investment. So if you have gotten so such point you may decide to withdraw anytime, because at then you may already be in good profit depending on your bitcoin accummulation, for instance those that started accumulating bitcoin 4 years back may have gotten he or her self some nice quantities depending on his accummulating rate , let's me say at that time Bitcoin was around $10k and an individual kept on using DCA to purchase Bitcoin till now , and Bitcoin has been growing through those years and Bitcoin even created a new ATH (that's going to beat soon). So if that individual has gotten himself a pretty good stash doing those years, taken some profits now won't be any issue because you have already be in a great profit due to yah long-term accumulation and holding.

You might be correct I_Anime, yet we cannot necessarily assume that folks were able to figure out that they should mostly be focusing on accumulating bitcoin, especially since OrangeII is talking about "collecting assets" as if that might be a reasonable (or profitable) strategy.. it is like he is saying that he has ongoing inclinations to diversify with shitcoins.

So, yeah, even though it appears that OrangeII has been registered on the forum for around 8.5 years, for some reason he still considers some kind of value in fucking around with other "assets," and maybe even if there might be some personal preferences in that regard, yet the fact that he is sharing it as if it were something that others might want to do, causes me to consider that he may well be too distracted into various shitcoins, and surely there could be some ways that the investment portfolios of guys might perform better with some various shitcoins contained therein, I would suggest that the likelihood of outperforming a more strictly focused BTC strategy would be that great, which is part of the reason that I pointed out how many BTC OrangeII could have had accumulated over the last 8.5 years if he had employed some kind of a BTC accumulation strategy that involved DCA.. and sure it is possible that whatever he did over the last 8.5 years might have performed equal or better to such a strict BTC DCA strategy, yet I have my doubts that even if he did similar or better that whatever he did is something that would be replicable and/or recommended for any normies currently coming into bitcoin (or who might be in their earliest of times in the their BTC accumulation and/or building stages).