Quote from: asarfiar on Today at 04:40:48 AM

Actually it is difficult for us to decide the right time to invest in Bitcoin, but we have to read and research a lot about it. Many people think about Bitcoin or navigate that it might crash to the bottom of the ocean never to rise again. But a review of Bitcoin's various histories reveals that since its inception, Bitcoin prices have acted like a cycle in the world of cryptocurrencies, which is currently a tumultuous chapter. Choose the right time and start buying and increase the stock in long term and worry less about short term price.

Of course, we are talking about bitcoin here and not shitcoins, so I am not sure why you felt some kind of need to proclaim that bitcoin is in the world of cryptocurrencies as if we might need to be considering some various shitcoins as possible alternatively places where we might want to invest?

Quote from: asarfiar on Today at 04:40:48 AM

I think deep buying is not a long-term investment strategy, it is a form of short-term market manipulation, although it can be profitable if executed correctly, but it is very important to distinguish between short-term strategic action and well-thought. -Out investment plan. Deep buying can be profitable but it also has risks, you diversify your portfolio and you allocate the ability to lose it.

If you are a brand new investor there is no need to diversify, you can start out by investing and/or saving in bitcoin and cash, and as your investment portfolio grows then you might want to consider starting to diversify some time down the road, maybe after your biitcoin holdings might have reached a certain size or maybe a certain level of your expenses.. perhaps when it gets somewhere in the range of 1 year's worth of your expenses, yet it is not absolutely necessary to diversify beyond bitcoin and cash, at least in the beginning.

Quote from: asarfiar on Today at 04:40:48 AM

As the price field can be said to be skyrocketing as time goes by, take a closer look to see where the price is now. I therefore buy within my means and those who do not yet buy will only criticize and regret.

Maybe you can describe what you are supposedly doing with a bit more particularity, without necessarily ruining your OpSec..

Quote from: Ricardo11 on Today at 07:19:30 AM

Quote from: cryptoWODL on Today at 05:08:25 AM

Quote from: Ricardo11 on Today at 04:07:24 AM

When it comes to investing in Bitcoin, it is very important to maintain regular investment consistency. Investing small portions regularly over long term eventually turns into a big asset, besides increasing our investment portfolio in long-term holdings due to Bitcoin's high potential, it gives us a lot of profit.

But this requires long-term planning, and financial stability is essential because we have to maintain it regularly. A certain amount should be kept invested in DCA on a regular weekly or monthly basis. In this way, it will become a habit of ours to invest regularly, as a result, the investment pressure will be reduced and you will be able to continue investing for a long time, and continue holding.

The first and foremost way to be consistent in investing in Bitcoin is to have a specific investment plan and set reserve funds. Whenever investors have enough funds to invest, they will be able to continue their investments smoothly without any hindrance. If we are financially stable in terms of investment then we can buy Bitcoin whenever we want in any amount. If are talking about stress free investment then you need financial stability first because when we see bitcoin price going down in the market we get doubt and stress in our mind. So to get rid of this stress or uncertainty we need extra money so that when the market goes down we can use that money to buy bitcoins for stress free investment.

Yes of course, having a reserve fund is very important for investment consistency.

What are the uses of having reserve fund?

Firstly Having an emergency fund allows us to continue investing risk-free, Because we can handle any emergency situation with that cash stashed fund.

Secondly when the market goes down too much. At that moment we should buy as much as possible. so we can temporarily invest the emergency money in bitcoins so that we can buy more at low prices while buying bitcoins (Not every time, it only when the price of Bitcoin will dumping a lot.) and then put the emergency money back again as soon as possible.

That means we can use that emergency fund both for investing when the price of Bitcoin is low and also for emergencies.

As a result we were able to buy a good amount of bitcoins when the price of bitcoins was low and Later, by re-depositing that emergency money, you can continue to DCA again on a regular basis. As a result, our profit margins will also be higher, and we can safely continue holding DCA for a longer period without risk.

Mostly there are three kinds of back up funds.. 1) emergency funds, 2) reserve funds and 3) float. I personally believe that emergency funds should ONLY be used for actual emergencies such as loss of income and/or increase in expenses. Bitcoin prices going down is not an emergency, yet you can still have funds that would be available for buying bitcoin.. but use of emergency funds for such purposes seems quite problematic and engaging in a kind of gambling rather than investing practice.

I had created some various examples on several occasions regarding the various kinds of ways that you might have extra cash that you are saving, and serving as reserve funds, and so for sure it is up to you in regards to what the priories of those reasons might be to draw upon such funds and certain things have higher priority than other things... lf we might say saving or putting in reserve funds: 1) buy the dip, 2) anniversary/Bday gift for wife/child/parent or someone else, 3) house repair, 4) buy motorcycle for work or fun 4) vacation and/or going out to restaurant 5) dental work for self or family member 6) repair or replace car, 7) replace/update phone or computer, Cool

update some business related project that will end up bringing in more money and/or 9) some other items that may or may not be short term needed.

You would likely take from one or another of these categories of reserve funds to buy extra bitcoin on the dip, and it seems to me that if we are responsible in regards to our keeping strong cashflows that do not overly cause us to gamble, then each of us should never be dipping into our emergency funds until we had exhausted all of our other various reserve funds first...and some of those reserve funds might be related to preserving personal relations and others might increase our income or productivity or stop us from losing money or allow us to reduce some of our expenses, and some of them are just to make us feel good (or better or maybe maintenance of a level of satisfaction in life, which also might be necessary too).

Quote from: Wind_FURY on Today at 08:40:13 AM

Quote from: JayJuanGee on September 17, 2024, 06:00:49 PM

Quote from: Wind_FURY on September 17, 2024, 01:02:06 PM

Quote from: JayJuanGee on September 13, 2024, 05:59:06 AM

[edited out]

..... Buying more units of Bitcoin during DIP periods is definitely not a mistake, no?

It is a mistake if the BTC price does not end up dipping,

I'm not asking you whether Bitcoin will DIP or not. I'm asking if it's a mistake to look buy Bitcoin during DIP periods.

You can ONLY decide what to do right now, and so in that regard, either you buy or you prepare for dip which is waiting to buy, and it is not an all or nothing bet.

If the BTC price had dipped, then either you prepared or you did not, and you might have money coming in once a week that you might or might not be able to time the dip, and you might have some flexibility in terms of when you employ your buys, so that if the price dips you have money. If you had been buying all along, then you might not have any extra money to buy on the dips until the money comes in.

There is no reason for me to change my answer, and you cannot buy bitcoin based on historical charts, since you cannot go back in time.

Quote from: Wind_FURY on Today at 08:40:13 AM

Because it's obviously not a mistake to take advantage of opportunities for discounts and buy more units of Bitcoin for the same amount of investment.

You have to have money available to buy on dips in order to buy on dips.. so if you do not have it, then you cannot buy.

You can decide whether you buy every week or once a month or if you do your buys more sporadically, and sure there is no problem to manually make those buys during dips, if you have money available, yet like I already said many times, for newbies there may well not be any reason to save extra money for buying on dips..and frequently also even if you have been accumulating bitcoin for a while, if you are still considering yourself to be a low coiner or way under stocked in BTC, then you also may be way better off focusing on buying regularly rather than saving up for dips that may or may not happen.

Quote from: Wind_FURY on Today at 08:40:13 AM

But I agree to the fact that the current market is mainly for DCA. The Golden Opportunity to buy the DIP for the current cycle was when Bitcoin went below the 200-Weekly SMA.

We cannot go back and buy at those times, so either you were buying during those times or you weren't. There is no information that we are going back to those prices any time soon or that it would be worth it to attempt to wait to buy at such lower prices that might not happen.

Quote from: Wind_FURY on Today at 08:40:13 AM

We were encouraging everyone who read this topic to take the opportunity and buy.

I encourage people to buy at any price, since they have to get started if they don't have any bitcoin, so after they spend a bit of time buying bitcoin, then maybe they might put themselves into a position to be sufficiently prepared for up and that that they might prepare for down too.. .Yet, many times people are sufficiently prepared for down by just having a cashflow and also having a certain amount of money that they can buy weekly, so if the BTC price dips then they can employ their weekly buys during such dips if they happen, and maybe if they do their weekly buys manually rather than automatically, they can attempt to time their weekly buys to hit the dips better.

Sure the longer that a person has been accumulating bitcoin the more that he might be able to have more luxury to be waiting for dips rather than buying BTC regularly, consistently and persistently.

Quote from: MainIbem on Today at 01:05:10 PM

Quote from: letteredhub on Today at 10:55:01 AM

Quote from: Ruttoshi on Today at 10:10:40 AM

Quote from: Litzki1990 on Today at 02:02:55 AM

If you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing

Bitcoin investment is not like other investment that you need to have a good knowledge on before you can start investing because you will be wasting the time that you are suppose use to be accumulating bitcoin and building your bitcoin portfolio.

In every investment start-up you need to have some good knowledge about it before starting including bitcoin too so that you don't invest in the wrong way, it's the lack of the required knowledge that makes new investors take loan to invest in bitcoin thinking that they are doing it right. Bitcoin investment may not be same with other investments and that's the more reason a newbie investor should abreast himself with the knowledge about what differentiates it from other form of investments.
How we start is very important for a long term investment, consistency and patience is very key also but some newbie investors lack the knowledge of this very principle thereby investing all they have to their name putting themselves in pressure because from the very beginning they never knew the importance of having an emergency funds available against the uncertainty of the future. So it's really no waste of time acquiring bitcoin investment knowledge before going in because it helps you have a right investment attitude in planning ahead of time.

Exactly mate, every investment needs an understanding about it before even doing it, the impression that one mustn't have good knowledge about Bitcoin before investing on it is wrong cause if the investor doesn't know much about Bitcoin, how would they know how or where to buy Bitcoin from, how would the investor know where to save and which is the best place to save Bitcoin, how would the investor even know which strategy is best for accumulating Bitcoin? All those questions are what the person who made that statement should've put into consideration before saying that. Infact before you go into anything that involves money or finance you must have a good knowledge about it so you'll be able to do it properly, for instance if JayJuanGee didn't have good knowledge about Bitcoin investment, how would he have been able to teach people about it and how to go about it the right way but from his post, you'll understand that he's an experienced investor and someone with a deep knowledge about Bitcoin and how to invest and accumulate it over time, that's why you won't see him advising people to go into trading or other risky ways of accumulating Bitcoin, therefore an investor must be very knowledgeable about Bitcoin before investing on it. Saying it a waste of time is misleading cause the investor would be wasting their time when they invest wrongly and end up losing what they're trying to accumulate.

I am NOT suggesting that newbie bitcoin investors gather information and knowledge about bitcoin before getting started.

I am suggesting that anyone and everyone should get started buying bitcoin right away, and the most basic that they need to know is whether or not they have discretionary income, so that they can get started.

Yeah of course, they have to figure out from where to source their coins, and they can learn a lot of the various aspects of bitcoin and even improving their cashflow management skills as they go.

Surely, if they are going to want to better understand some differences between various shitcoins and bitcoin including figuring out what are scams and how to engage in self-custody, they can learn those kinds of topics as they go, and they should be focusing on bitcoin first.. and so if they are not able to focus on bitcoin first, then they might need to figure that part out for themselves, yet their needing to figure out why bitcoin first or how much they are convinced that bitcoin is the best of the investments, they don't need to figure out those things in order to get started with their discretionary income, whether that is $100 per week or some other amount that might be more reasonable for them, and if they are not sure about the level of their discretionary income, then they should start with lower amounts, since they likely should be planning to invest into bitcoin for 4-10 years or longer, yet they can figure out a lot of those details as they go and likely it is way better if they figure out a lot of the various details, including their 9 personal factors, yet they don't need to have all of that figured out in advance beyond just figuring out if they have disposable income or not, and if they don't have disposable income, then they have to get disposable income before investing into bitcoin, otherwise they would be gambling rather than investing, and surely I don't recommend gambling when it comes to bitcoin, but i do recommend getting started right away, especially for no coiners and/or folks who have concluded that they are low coiners, which the low coiners are currently an overwhelming majority people in the world... so it tends to be somewhat safe to presume that most people are low coiners unless they tell you otherwise.