Quote from: Churchillvv on December 24, 2024, 10:50:34 PM

Quote from: Mayor of ogba on December 23, 2024, 07:31:44 PM

Quote from: Ambatman on December 22, 2024, 01:09:51 PM

Quote from: Mayor of ogba on December 21, 2024, 12:09:02 PM

[edited out]

Never sell in a Loss. Even if Bitcoin falls to $70K or the technical analysis supports it.
Don't sell.
Don't be among the group that would start praying for it to fall again because they missed the opportunity
We only having this correction and we going Fly.

I'm still on my accumulation journey, and I have not even accumulated the amount of bitcoin I want to hold for the long term, so I am not even moved to sell my bitcoin for short-term profit or sell it because of a dip. My main concern is how I will accumulate the amount of bitcoin I want and hold it for at least 4-10 years or more. I have already planned my bitcoin investment in such a way that I am using the money I can afford to lose or the money I will not need for 4-10 years or more to invest in bitcoin, which will allow me not to depend on my bitcoin investment to survive and also allow me to hold my bitcoin to the desired year I intend to sell it. I want to be among those investors that buy bitcoin from the weak hands.

Taking the OG's from the wall observer thread including JayJuanGee for instance still sees reason to keep accumulating more bitcoin even after so many years of buying, hence I put it to you @Mayor of Ogba that buying bitcoin shouldn't have a year limit as newbies as we may not even be able to accumulate enough bitcoin within the expected years. I encourage buying bitcoin regardless of it's price untill one have a significant amount of bitcoin sitting in a cold storage where it would be more safe to hodl.

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You are actually right but looking at the statement of @mayor of ogba, I don't think he made mention of a year investments as newbies, but nevertheless it is good to keep accumulating as much as possible with what you can afford to lose, and meanwhile a newbie should not Wait to be financially OK before investing. He or she should start. Although investments is not by force but doesn't the benefits of doubt we should do the right thing are the right time. To avoid regret at last. The OGs you made mention about like JajuanGee is a bitcoin maxi and can't be compared to each other person investing because we all have or focus and decisions and devotion.

Quote from: Churchillvv on December 24, 2024, 10:50:34 PM

Perhaps, selling is never an option to use newbies in bitcoin investment, I personally haven't seen a reason to sell because with the basics we have acquired in bitcoin investment we shouldn't in the first place buy bitcoin with a certain amount of money that we cannot do without in a long period of time and before investing some considerations are being made like having an emergency funds that can serve at least 4-6 months hence keeping hands into our invests wouldn't be an option.

Yeah having a strong backup fund can be good as it save an investor from the risk of penitrating his bitcoin investment that is why it is repeatedly talked about. One thing is investment another is emergency and reserve fund to be able to handle some issues without thinking of your bitcoin portfolio. except for a planless person who invent without considering the size of his discretion and emergency.