Quote from: arwin100 on Today at 10:00:58 AM

Quote from: Sanitough on Today at 06:54:18 AM

Quote from: Ambatman on October 13, 2024, 08:04:22 PM

Capital management is one of the most important skill everybody should have
Especially in the current world.
"Cut your coat according to your size " A strategy might work for another doesn't mean it would work for the other.
Capabilities should be understood first before investing in anything( not shitcoin) that can bring value.
Don't invest amount that would cloud your judgement all at once
Go steady
And build a foundation around your capacity.

"Invest what you can afford to lose" is pretty basic when it comes to investments, but sometimes I don’t follow that strictly because I’m very confident in betting my future on Bitcoin. For me, it’s all about long-term investment, adding little by little until I reach my goal. I don’t focus on the price much, so I stay relaxed, even during bullish runs. I’ve learned to control my emotions, and even when the market turns bearish, it doesn’t faze me at all.

That's the basic rule of investment, but somehow lots of people downplaying it since many think that high risk high reward. That mindset is somehow not recommendable since somehow we are tolerating those entities to take advantage with our wants to earn money. That's why aside from having guts to invest on a risky asset we must also be aware about the risk and any possible best decision to take to minimize the risk we might encounter thru the whole process of our investments.

Good thing bitcoin is here and reliable for long term, its just people need to have patience also knowledge so that they would able to know how to deal with this coin and find reliable ways like by using good strategies which is helpful for investor to have smooth ride with their investments.

Good thing that we have to ignore what others think about their investment as it is a personal decision. In every discussion I've heard about Bitcoin investment from my peers, I have heard that it is a risky asset and not profitable. Fuck what they think, if I have been keeping what they say in mind I wouldn't have started my investment and reach to this level.

Sure for a long-term benefit, Bitcoin is the best. People with delusions of high risk - high reward will perish because of knowledge. There is no easy way in and out of Bitcoin investment. If we want to be successful in it while investing we should focus and learn. Grasp every knowledge we can get, because it will be useful someday along our investment.

One thing I have noticed is that many are ignorant of quality information and helpful resources. Probably they may find out in the future that does discussion and conversation they had which they did not adapt would have been helpful.

Quote from: JayJuanGee on October 13, 2024, 05:11:05 PM

It does not hurt to diversify investments after you have already reached decently large size of investments in bitcoin and cash, especially after you might have several years worth of expenses in bitcoin and/or cash.

You're absolutely right here Jay. I have tried overlooking this but I need to air my opinion. Diversifying into other assets after accumulating a good amount of Bitcoin can help reduce risk rather than hurt our portfolio. In a situation where Bitcoin experiences a drop in rice, the other asset or business may perform better. having another asset to look up to will help create a balance. That asset may perform better during the market which will serve as the source to turn to instead of tapping into our Bitcoin.