Quote from: JayJuanGee on May 23, 2024, 06:07:27 PM

Quote from: martinex on May 23, 2024, 04:41:43 AM

.......there is no doubt that BTC is the best investment at the moment and the most in demand.

That is a weird way of saying it... When you use the expression "at the moment," it is like you are recognizing (or emphasizing) temporary pump and dump opportunities in bitcoin, and surely we can never really know "at the moment" kinds of considerations, even in regards to bitcoin.. which the opposite seems to be part of the rational that anyone taking a 4-10 year or longer investment timeline will not necessarily be focusing on bitcoin in regards to "at the moment" kind of investment considerations when getting into bitcoin or when adding any more BTC to his/her current BTC stash.

It is also not easy for any newbie to merely consider bitcoin as an "at the moment" kind of an investment, since it could take 4-10 years or more just to build the size of the BTC investment, unless the person actually has abilities to front load his/her bitcoin investment, which truly an overwhelming majority of folks are more able to invest into bitcoin and/or anything else in incremental kinds of ways rather than having a bunch of value hanging around that they can put into bitcoin... so yeah, in essence, at the moment seems more like a trading kind of a consideration rather than the way an investor would think about bitcoin.

Quote from: Bloodseekers on May 23, 2024, 05:20:25 AM

Quote from: JayJuanGee on May 23, 2024, 03:02:03 AM

Waiting is not an investment strategy, especially with bit[Suspicious link removed]d luck if you believe that waiting is a good investment strategy, you are likely going to need it, since you may well end up regretting that you had failed/refused to prepare yourself for UP.. and you were too busy preparing for down that did not end up happening as much as you had expected it to happen. It probably sucks to be you, especially since you seem to not to recognize the importance in accumulating BTC.

What you say is very true, if we continue to wait until prices fall before investing, it is very likely that we will miss the opportunity that is in front of us and we will really regret this when other people have taken advantage of what they invested.

I don't mind waiting as an approach for someone who might have had already bought a decent chunk of BTC, so then they are already prepared for UP...

So maybe someone is brand new to bitcoin within the last 2-3 months when this thread started. So if such a hypothetical person were to have had come to bitcoin, and quickly evaluated his financial/psychological circumstances, and considered that he has around $3k income per month, about $2,200 per month in expenses, and about $6k saved up that he could invest into bitcoin, and maybe he had decided to invest $3k or more of his saved up amount into bitcoin and he decided to buy $100 worth of bitcoin per week, so then he still has that $3k and he is not sure if should put more of it into bitcoin or not, since he is already buying $100 per week.. and yeah, even right now if he has the $6k and he invests half of it right away, then maybe the other half is considered waiting money.. but still whether or not he employs the practice of buying $100 per week is up to him, but at least he put some value into bitcoin and he is not merely employing waiting as a strategy.

Sure, some guys may come to bitcoin and may have even more precarious financial/psychological circumstances in which they have debt or they have not really figured out their disposable income because it varies every month, and they might not even have much if any savings, float, emergency fund, reserves and so they may well need to start in bitcoin more slowly and conservatively, yet even having some complicated financial/psychological circumstances would not necessarily justify that they wait rather than getting started in regards to buying some bitcoin and figuring out their financial/psychological details as they go.

Quote from: Bloodseekers on May 23, 2024, 05:20:25 AM

If we wait for the price to fall before investing, of course this means we have to be able to buy it in large quantities and this will also be very difficult if we don't have funds that we can use to invest.

Well, yeah, for the guy who is waiting rather than getting started right away, there might be a bit of an assumption that allowing the dollars to build up is a better way forward rather than putting some value into bitcoin right away.. so yeah if someone has really messed up finances and psychology, waiting may well be their idea of the better approach, which I still am not going to presume that folks are not able to figure out how to put $10 into bitcoin and to perhaps figure out some way to minimally invest while they are working out their details rather than presuming that their allowing cash to build up is the better move.

Sure, it is true that once the money goes into bitcoin, then it is better to consider that money to be locked away for 4-10 years or longer, so in that sense, there is a need to make sure that whatever is put into bitcoin is not going to be needed for 4-10 years or longer, but even with that kind of a consideration, I believe that waiting is not a good way to frame the matter... but yeah, position size may well have to be really small during those initial weeks and/or months well such a presumptively unorganized person is getting his/her financial/psychological matters in better order while beginning the earliest of stages in regards to how to invest into bitcoin.

Quote from: Bloodseekers on May 23, 2024, 05:20:25 AM

For some people who really understand Bitcoin investment, of course they will continue to try to collect as much as possible to get a profit when the price goes up and if we don't prepare ourselves of course we can only see the success that other people get and we don't get any profit.

I doubt that there is any need to get overly focused on profits for one or two cycles or more depending upon how much a person might be able to start to invest, and yeah, I don't have a lot of sympathy for folks who are coming into bitcoin and treating it as a trade of less than at least a whole cycle rather than treating it as an investment of 4-10 years or longer.

Quote from: STINKYBEE on May 23, 2024, 06:10:24 AM

Quote from: MRY on May 15, 2024, 06:17:01 PM

Quote from: liasbaa on May 15, 2024, 04:23:00 PM

When it comes to investment, we must choose Bitcoin because it is still on top of the list of the highest crypto investments in the world. Although no one guarantees its price growth, it is relatively stable which is one of the reasons for its investment attractiveness. Many new investors may be disappointed with their investments due to the dumping trend in Bitcoin price but they should buy more during this period. The dips price may not last long so buying bitcoins at this time will make you much more profitable in the future.

Agree with your choice, Bitcoin is very suitable for long-term investment and of course Bitcoin has high interest who will always provide support for Bitcoin by buying Bitcoin whatever the price offered on the exchange. Keep increasing the Bitcoin we have for future investment. Never put all your assets in any type of altcoin because it can endanger the trading capital you use.

People don't say "I want a bitcoin'', people say i want bitcoins because they are worth X number of dollars. It's a storage, the objective or the main idea has always been "let's use this to get real money or how can i get rich with that."

You have a strange way of expressing yourself STINKYBEE in regards to the various possible perspectives that guys might have in terms of wanting to get into bitcoin. Surely people are going to have all kinds of perspectives in regards to bitcoin and some of those perspectives might be good and solid and others not very well informed, including the fact that bitcoin is so damned immature that is still is quite likely that less than 1% of the world's population owns any bitcoin, and even the ones who own bitcoin may well not really know what they own, or what is the reason to get into bitcoin beyond its number go up technology.

Quote from: STINKYBEE on May 23, 2024, 06:10:24 AM

There is "shiny ball syndrome" on all other cryptos. When people just need to put the focus on buying bitcoin. Pretty soon one will able to buy 1 bitcoin and people will be asking "how many sats do you have"

For sure, I agree with the idea of not getting distracted into shitcoins, and to figure out bitcoin first, even though surely shitcoins are not going to be going away any time soon, and there are likely going to continue to be a large number of folks who continue to be distracted into various shitcoins or even distracted into failing/refusing to holding their own bitcoin rather than the various "conveniences" of holding bitcoin on third parties - which truly is mostly just price exposure and perhaps less valuable in terms of recognizing, appreciating and not getting distracted away from bitcoin's true value in regards to self-sovereignty and being able to hold your own keys.

Surely, even some of the more experienced bitcoiner may well be getting somewhat frustrated by some of the various attacks on self-custodial wallets and various kind of privacy preserving ways of transacting and/or holding coins. So the answers are not always clear and/or straight-forward, even if we might be referring to ongoing number going up technology and why bitcoin prices might be continuing to go up.. including that surely there is ONGOING recent demand for bitcoin that is coming through spot BTC ETF products that do not complement the self-sovereignty and/or self custodial (or even privacy) qualities of bitcoin, yet those recent products are opening a lot of doors to folks (or even institutions and governments) who previously had more limitations in the ways that they would be able to get bitcoin price exposure.

Quote from: Marvelockg on May 23, 2024, 06:14:40 AM

The goal first off should be long termed while the approach should be to consistently buying your BTC at a rate that's convenient with you such that you can do it for the long run without it having any negative impact on your financial life.

It is likely worthy of emphasis that bitcoin is bought through discretionary income that is most likely going to be measured in dollars (or other local fiat) for an overwhelming majority of persons, so the figuring out of how many bitcoin to buy or even how much in profits the BTC might should likely not even be any kind of central concern for 4-10 years or longer, unless of course, a person had been able to front-load his investment into bitcoin.

So, yeah, there is nothing wrong with keeping track of how your bitcoin investment is doing, and it may or may not even be profitable in the beginning years, and surely there is no guarantee that it is even going to be profitable in the longer term either (the 4-10 years or longer period), but at the same time a calculated risk is being embarked upon in which there should be consideration that the most that can be lost is 100% of the investment, while at the same time there are a large number of scenarios in which the investment into bitcoin may well be quite profitable and even quite profitable compared to other places that a person would be able to put his/her value, time and energies.. so the asymmetric upside potential of bitcoin remains a calculated consideration and each person has to figure out his/her own level of investment into it with extra money that they have available and that they could otherwise be spending that money on other things (other than bitcoin), and so choices are made that may or may not end up paying off, and so the choices are not always comfortable - even for folks who have been invested for a long time in bitcoin, even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).

You have provided some good insights into investing by timing the market through utilizing the technical charts and historical patterns, with a well thought out plan to accumulate Bitcoin in bearish phase.. This strategy similar to DCA can also help to reducing investment cost, but they do require strong proficiency in technical analysis.

It is worth mentioning here that during the recent bear phase in Bitcoin market, there have been extensive discussion and debates about identifying the bottom price of Bitcoin in crypto communities. Some fortunate individuals were able to identify this bottom at around $12,000 in 2022 and made significant Bitcoin purchase. I strongly believe that in the context of current positive development in Bitcoin, such as immense interest of financial institutions in spot market ETFs, it is possible that we may never see $12,000 or even $20,000 price again in future.

Everything needs a proper plan. No matter what you do, if you plan ahead of time, you'll make more mistakes and feel haphazard.

When engineers construct a house, they do not start building the building directly, rather several engineers come together to first design a building and then they work according to that design. Just as engineers need to design before building something, we who are investors need to have a prior investment plan before investing. If we hold a coin for a long period but sell the investment again when we need, it is not the right thing to do and the only reason why this wrong thing is not planning ahead. An investor should invest by thinking about how much money we have in reserve and how much money we invest so that we don't have to sell our investment later. If I invest wisely and if I have a plan I will keep my investment for a long time and if I invest in that long term plan then no matter how many problems we face or economic crisis we will try to overcome that economic crisis in some other way.

From what I understand about investing, I think you should invest in a long-term plan, even if you are late in investing. If we do not invest in a long term plan then we will not understand much about our profit and loss by investing because to understand the amount of profit or loss we need a big change in the market and that change must happen after a long time.