Quote from: JayJuanGee on Today at 08:50:41 PM

Quote from: Felicity_Tide on Today at 08:23:45 PM

Quote from: JayJuanGee on Today at 07:41:12 PM

Quote from: Btcdeybodi on Today at 03:14:11 AM

Quote from: JayJuanGee on Today at 02:46:38 AM

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

As the replies keep getting deeper, I realize that there are two points of view most replies are coming from:

1. A situation where the investor has the will to keep investing and holding with no plans of stopping or no specific time to quit.
2. A situation where the investor has a specific time frame for investing and holding.

Now let me make reference to these two.

Aside from Bitcoin investment, there are certain people in the world today who make massive investments in several projects with the mindset of doing it just for future benefits. Mind you, just for future benefits doesn't mean they already have plans on how to spend or use their profits. The ability for them to make such long term investments is because they prioritize investment over profits, and not profit over investment. Let me give an example:

Let's take a scenario of someone who has realized the future potential of Bitcoin and decides to invest in it. Due to how well this person understands long term investment, he or she won't have the urge or plan to tamper with the Bitcoin investment along the line because of the high priority placed on making investments only. Some of us here might have been in such situations, especially when it comes to alt. We sometimes invest massively but have no interest in spending it. We might even forget the seed phrase where those coins are kept.

Being able to do this is not for everyone. The ability to make your present profit a lesser priority and your continuous investment a major priority would enable you to invest longer.

As for the second point, the very moment an investor drafts a specific time frame for investing and holding, then getting quick profits becomes the number one priority rather than investing and holding for long term.

I am not saying that making profits is bad. But what we choose to prioritize most will determine how long we can invest. When we prioritize consistent investment and holding over making profits, we tend to invest for long term. But, when we prioritize profits over consistent investment and holding, we tend to invest for only a short period of time, and any ATH might even end our investment.

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You bring up some decent points Felicity_Tide, yet I doubt whether your framework is correct...

It is quite likely that you are comparing investing versus trading rather than two kinds of investing.

My emphasis on profits seems to hinder the actual message I was trying to pass. I wasn't actually trying to bring this from the angle of trading.

For the first point, I was trying to say that: even if Bitcoin gets to a ATH along the line of someone's investment, giving him/her the impression that they've gotten more than what they invested, it still doesn't affect the long term decision of the investor in anyway.

For the second point, I was trying to say that: when some investor realize that they've gotten more than what they've Invested, it has a way of affecting their decisions on whether to continue or stop investing.

Which I then trace back to what an investor might prioritize most.

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There would really be no reason for any bitcoin investor to have any specific time-frame for getting out or when to get out or how to get out, but surely it does not hurt to come into something like bitcoin with at least a 4 year timeline, so then the 4-10 years or longer idea may well come into play, so that if there might be some specific kinds of reasons that a person might consider that there might be some reason to start to draw upon his investment somewhere after 4 years whether it is based on some age considerations or maybe some kind of a purchase that he might want to make (such as someone saving up for a house or something like that).

Sure. 4-10 years isn't bad in anyway.

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When we are talking about timelines that are less than 4 years then we are back to trading rather than investing, even if you want to call it investing, I have my doubts about the appropriateness of "investing" as a label.

Oh, I get. In other sense, the set of people who fall in point 2 should be treated as traders rather than investors.

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Also, I am not sure what you mean about "especially when it comes to alt" when this is not even a thread that remotely relates to alts.. We are talking about bitcoin here,

My intention was not to talk about alts, but rather to use it as a simple reference. I couldn't find a better reference that everyone could easily understand and would also fit the context , but I guess I must edit and fill it with something random so It doesn't deviate in anyway.