Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Marvelockg
on 02/05/2024, 13:21:07 UTC
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.
the truth is that a lot of people that are currently frustrated about Bitcoin not reaching there expectations fast enough even after it just halved falls under this category of people that invested above there discretional income hoping to get immediate profit when Bitcoin experience a bull thereby making them to give Bitcoin a timeframe to get to a certain price based on whatever is going on in terms of speculation around the media as a backup to making there short termed buys. As a matter of fact, I trader friend bought some meme coin a week to the halving, to be precise, he bought pepe coin with all his money hoping he will hold it till the 20th of the month and then take out his profit, event playes out that was damn demanding and he hard no choice than selling it on a 7% loss. Although the amount he lost isn't much and that the risk is much when you're investing into meme coin, even if he hard invested into Bitcoin without making adequate plans for his emergency funds and also ensuring he only invest an amount that doesn't inconvenience him in times of emergency,  he would have still faced similar fate.

At the end of the day, it doesn't matter if by virtue of your financial strength you're able to DCA at $50 per week or $100 per week, as long as you're able to do it  consistently over a good length of time without being all tensed up about price movement, it's even better off that way.  The best strategy is to set out modalities in place that will encourage long term accumilation over imidiate short termed profit that's in reality always going to be too minimal to even be looked at as a good proceeds gotten from investing into one of the most viable investible assets in the world at the moment.



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.
although I have seen some incredible traders who seems to be doing well for themselves in Thier trading, looking at the loses and level of uncertainties involved in trading coupled with the fact that as a new person that haven't built up my portfolio into something that's worth risking a portion of it, it's deficult or almost impossible to even look at it as an option. It kind of give this gambling vibes and requires an high level of concentration and discipline that I doubt an average novice would be able to handle and that's why investing for the long term is always going to be a profered option and knowing that investing using the DCA methord doesn't in any way prevent you from doing your regular jobs or stop you from being productive at work, it just encourage you saving habit and everytime you look at your portfolio to know that you've grown from a $10 initials into building above $500 within few months of stacking, it can't get more fulfilling that this.