Quote from: JayJuanGee on Today at 02:27:08 AM

Quote from: wxa7115 on July 10, 2024, 04:01:36 AM

Quote from: EclipseXcrypto on July 08, 2024, 11:58:47 AM

I think most individuals find it difficult to stay dedicated to their investment strategy to hit their target, dedication and discipline are the driving force to our strategy. Some folks might have a well thought out strategy but finds it hard to stay dedication and discipline sticking and staying committed to their investment. So many people in bitcoin actually knows the strategy to use in increasing their bitcoin holdings in the future, But how dedicated and discipline you to your strategy is what it takes to build a good portfolio.

So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.

The power of habit is very strong and it can play for or against you, according to current research it can take a few weeks to a few months to create a new habit, and daily repetition is key for the habit to form.

So while the majority of those that start investing in this market do it with a great deal of enthusiasm, the real test comes once the market takes a downturn or it remains motionless, as at the time the temptation to just give up will be at its highest, similar to what happens with all of those that create a new year resolution and claim they will definitely get in shape, and by February they have already quit going to the gym.

I think that this has to do with planning and executing realistic goals that you are able to continue to carry out.. so if someone might have a discretionary income that allows him to invest $200 per week into bitcoin; however that might end up being the maximum of his disposable income, and maybe it would have been better to start out with $50 per week or $100 per week rather than employing the full $200 per week? Accordingly, even if one might be inclined to start out investing into bitcoin in a somewhat aggressive way, there may be some value to temper it back a bit while figuring out the parameters in order to NOT blow the whole wadd right from the beginning but instead to create and execute a system that has some staying power and that might be able to build upon some kind of a BTC accumulation practice that goes a whole cycle before getting worked up about whether the strategy is "in profits" or not.

Yeah you are right if someone have a discretionary income that allows him to invest $200 per week into bitcoin starting with $50 or $100 will be a good way to start because there are still a lot of things to know since one is a newbie, starting small will help you have a good balance, like me when I started this accumulation journey I decided to start with little amount every week but as time goes on I decided to increase it and it helped me balance very well, a newbie that has a discretionary income that allows him or her to invest $200 in Bitcoin should also consider building his or her backup funds if there's non and if there is making it strong, so investing $50 or $100 and using $50 or more to build his or her backup funds is a good way to start. A lot of people rush into investment without thinking how there investment should be like.

Quote from: JayJuanGee on Today at 02:27:08 AM

Quote from: Fauderz on July 10, 2024, 10:15:26 PM

Quote from: cryptoWODL on July 10, 2024, 07:49:21 AM

Quote from: FinePoine0 on July 10, 2024, 07:38:56 AM

But it is definitely risky, if you are a new trader then you are likely to face the biggest losses. But if you adopt a strategy then surely you will be successful.

It is natural that investment will involve risk so everyone should invest with the risk. New investors suffer more from their investments than experienced investors because they lack experience. However, if a new investor invests in Bitcoin from the initial stage, the probability of loss is less, but it should be hold for a long time.

What needs to be realized from the start when we want to invest is that the greater the risk we will have later, the greater the profit we will make so that in this case when we already know that investing in bitcoin is risky,

That is a really stupid point that you are making, since if any of us would follow such a dumb strategy, then surely we would be buying all kinds of shitcoins and probably not even investing into bitcoin.

We do not invest into bitcoin merely because it is risky.

Probably, we are investing into bitcoin because it is not as risky as people believe it to be, since a lot of people (normies and otherwise) mistake volatility for risk, and surely there is some truth that volatility contributes to various possible risks with an asset, and even with bitcoin, each of us need to figure an amount of investment into bitcoin that we are sufficiently comfortable that the volatility (which is close to inevitable with bitcoin) is not going to cause us to get overly scared and stop investing into bitcoin. So, in other words, we choose a position size to suit our circumstances and hopefully figure out a way to continue to invest into bitcoin in spite of its close to inevitable ongoing volatility..

Part of the reason for bitcoin's likely ongoing inevitable volatility is based on a kind of ongoing battle that is going on regarding its existence that reflects in its price.., .anbd that battle is not likely to go away anytime soon even though there are folks on both sides speaking both good and bad about bitcoin, but there still is a lot that each of us likely need to likely learn about bitcoin in order to not get tricked into wrong ways of thinking about bitcoin and in order that we likely continue to accumulate bitcoin in ways that are reasonable for our own situations and so that we are not without bitcoin.. but surely, it can sometimes take time for normies to come around to the conclusion that they need to have some bitcoin (and perhaps more bitcoin) which is part of the reason why the world's population (perhaps around 99%?) still does not have any or enough bitcoin.

I still don't know why some people are still talking about shitcoins, shitcoins have really damaged a lot of people and is not worth investing on, I know of someone that lost his life because of the shock that came with the news of the fall of a shitcoin he invested into, shitcoins are just like Ponzi scheme for me.
And talking about Bitcoin is not risky, Bitcoin is a peace of mind investment and it volatility those not make it risky is just an opportunity for people to accumulate enough, since I started Bitcoin investment I don't have fear of me losing my money, if there's a dip in Bitcoin it will only be for some time and it is always certain it will rise, so as a newbie into Bitcoin investment thinking about losing your money should not be your problem, put I will advise everyone going into Bitcoin investment should come with the mindset of a long term investment.

Well I believe people that are speaking bad about Bitcoin are mostly newbies who entered Bitcoin and ventured into Bitcoin trading and when they have a lose they withdraw and start talking bad about Bitcoin.
For me I will love us here to always speak the truth by telling newbies that Bitcoin investment is only better and profitable when one is involved in a long term investment and don't support Bitcoin trading, anyone coming into Bitcoin should have in mind that Bitcoin investment will take a long time to become profitable, those that has been hodling bitcoin for 8 to 10 years now has made a good profit so we should learn to be patient.

Quote from: JayJuanGee on Today at 02:27:08 AM

Quote from: Fauderz on July 10, 2024, 10:15:26 PM

Even though the obstacles are difficult as long as we believe that we can get it then indeed we as much as possible must realize it and the obstacle is to continue to believe that we can get our goals and must be prepared with all the risks we get later.

I am not exactly sure what you are saying here, but surely, there likely are needs for everyone to figure out ways that they can be as aggressive as they are able to be in regards to their accumulation of bitcoin and their establishment of a bitcoin position, yet still each person has to be careful to accumulate bitcoin in such a way that they do not over do it and cause themselves to get reckt in such bitcoin accumulation journey which could take 10, 15, 20 or more years to get to a point in which any particular person may start to feel that s/he has accumulated enough BTC or perhaps more than enough BTC.

When it comes to bitcoin investment one needs to be very careful as not to enter a position he or she will now start dipping hands into his or her Bitcoin investment, so when being aggressive in his or her accumulation one needs to be very careful as not to over do it, for me I'm still building my Backup funds such as emergency, reserve and float funds and after making it strong I can be aggressive in my accumulation, my concern now is to secure my investment, a lot of newbie enter into Bitcoin investment and feels like meeting up and because of that start accumulating so aggressively and later leading them losing all there Bitcoin investment through dipping hands to solve emergency or problem. So it is important to first secure your investment by having a backup funds and other things necessary to secure your investment before becoming aggressive.