Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Ruttoshi
on 01/09/2024, 12:18:04 UTC
⭐ Merited by JayJuanGee (1)

However, while investing in Bitcoin must be experienced, you can't invest at any point in time. But if you have experience with Bitcoin then you can definitely invest by following DCA method

It is impossible for a new investor to have the experience of bitcoin investment when he has not invested in it. Bitcoin investment is not something you can learn the theory without practicalizing it and feel that you have the experience because it is when you have started buying bitcoin and hodli that you will lb begin to have the experience of investing. This is when you will be able to control your emotions when there is a dip or pumps. Patience is also practical and consistent buying regularly is also practical, reaching various bitcoin portfolio size and tweaking from one method of accumulation must also be practiced.

A beginner only needs to know the basic knowledge of bitcoin and how much of his discretionary income that he can use to buy bitcoin regularly weekly or monthly to keep his bitcoin portfolio increasing in size overtime through DCA, and it is goof if he has extra funds to lump sum for faster growth of his bitcoin portfolio.

Quote

 But the point of selling is not clear enough to me, because I will accumulate bitcoin first and keep it for a long time. Later I can sell it when my situation and benefits reach the maximum value. 
If you have reach your bitcoin target, let me say maybe 10btc, you don't need to sell all your bitcoin because you have made good profit. Instead you can sell little fraction that will not affect the size of your bitcoin and keep hodli, the rest for the value to keep on increasing overtime. If you sell all your bitcoin, what will it benefit you to hold fiat and start all over again to accumulate bitcoin, it is not a wise idea. Did you see Coca-Cola sell off their company because they have made profits and expand their business. No, investment is to always be there running an generating profits overtime.

However, the only time that an investor should think of selling part of his bitcoin is when he has over accumulated more than enough Bitcoin in his possession. A new investor should not think or put selling in his mind because he just started investing so that he does not distract himself when he sees a little profit to sell.