Re: Buy Buy Buy or Sell Sell Sell?

Also to succeed in investing with alternative income systems regardless of cost the constant DCA strategy can be ideal strategy for people of every income with the potential to get huge holdings. From my experience, I mainly get the right idea about investing from these threads and apply the investment strategy myself.

These threads and people that starts it and JJG that gives suggestion and thoughts about the matter of importance of DCA and other investing techniques are very helpful to those that are just searching on the web and trying to think what they are up to. Without any other source of income, one should start having himself some source before following these good techniques and investing style that have been suggested not just on this thread but also in every other thread that someone can find through the forum.

I agree that it is problematic when anyone gets into bitcoin and they speculate that they are going to generate income through BTC, and surely it tends to take a long time to figure out some techniques that are profitable in trading, and most likely it is way better to build up BTC holdings through investment techniques prior to even trying to trade, yet if someone is trading, then they should limit their trading to ONLY less than 10% of their BTC holdings, and make sure that they are able to generate income from their trading before giving up other sources of income -and truly there are some traders who may well make money on their trading for several years, and then all of a sudden they get blown out of their position, which may end up showing that they really did not know what they were doing, even though they had assessed themself as knowing what they were doing.

I've encountered several people that talked that way. They think that they can replace their jobs and stuff by investing on Bitcoin by just starting out. They have the wrong impression about Bitcoin at the beginning thanks to the people that hypes Bitcoin as an investment that way which shouldn't be.

The only time one can replace there Bitcoin investment to there jobs is when they hit a fuck you stage this is a point where they have accumulated so much Bitcoin that can take care of them and there family, except hitting this stage in one's Bitcoin investment one should hold on to his or her job be it a trader or a holder.
Some set of people says since they are traders they don't need a source of income that trading is there source of income, we all know trading is very risky and anything can happen no matter how good you are in trading you will surely lose one day because the market may decide not to be in your value, there are some point were a trader start taking loans just to settle bills at home on the hope that his prediction will work as predicted and when that those not happen it becomes a big problem to him and before you know it he start selling his properties in other to pay back those loans in other to avoid all this keep your job and take your Bitcoin investment as your side hustle and if you must trade risk only 10 percent of your discretionary income however accumulating and holding is less risky.

You don’t have to add trade and investing in same category, there’s a lot of different between both probably we all know trading is more risky and it’s not worth my funds especially when someone is not knowledgeable it makes things more worst. In as much as we don’t know what might happen in years to come concerning our investment we should be more careful mostly to an extend whereby an investor decides to quit their job because they’ve gotten much. It’s not an advise rather I will suggest they continue with their job likewise investing, there’s no limit when it comes to investing except few decides to take break for a while and all this still requires money for other personal needs. Just imagine replacing a job for bitcoin investment , no matter how high they’ve gotten the investment can crash under probability because one will be forced to depend only on the profit. In summary it’s absolutely wrong putting bitcoin investment in place of a job.