Re: Buy Buy Buy or Sell Sell Sell?

An amount that is to be invested in Bitcoin shouldn't be an amount that is meant for other things because there will also be needs in the family that's why one should have s spare money that should be used for investment only, coming to the forum there has been a popular saying that one should invest with an amount that he or she is willing to lose not just because the investor is losing the money but because it will help the investor not to put so much trust in the amount because it will not be helpful to his mental health. Always have an amount set aside for other things and don't use all your money for investment it will save you the stress of running around to pull out your money when there are emergencies in the family. Have a stable source of income if you must be a good investor and know the amount to use for your investment.

Yes, in order to invest in Bitcoin one should not invest more money than one can afford to lose. Now if you invest more money than you can afford to lose then it will be risky for you to hold the investment for long. If you invest with what you can afford to lose then you don't need to sell bitcoins for urgent needs. Besides, money should be saved for emergency use. Now I never invest more money than I can afford to lose.

Investing with an amount you can afford to lose? No.
Who would want to be investing in something he is not certain off?
Or are you trying to say that it's very much important to invest an amount of money you can do away without for a very long period of time?
Know the difference between these two statement bro.
Though we live in a world full of uncertainty, but no body would want to invest his or her money in something that is 50/50. Bitcoin investment is not gambling bro, but in my own opinion the ideal word you should be saying is invest only what you can do away with in a very long period of time, so that you wouldn't fall back to your investment when in serious financial needs.

The word what you can afford to lose is what I think you misunderstood because that word doesn't necessarily mean you are investing to lose your money, do not get it twisted, there is no guarantee that every Bitcoin investor is going make profit unless the investor understands what Bitcoin investment is all about and is able to take advantage of the market to buy during the dip so they can take profit during the bull.

Buying bitcoin during the dip and sell during the bull run shouldn't be our target or our focus but rather we should think and have a long-term goal mindset, so that we can have good size of bitcoin portfolio in the long run for our future. Bitcoin investment is best when you keep on buying, building and growing your bitcoin for longer time frame and hodli. Don't think about a circle profit because if you do and sell during the bull run because you bought during the dip, you are doing yourself harm because you will miss out the compounding effect of your bitcoin portfolio and will have will turn into a no coiner after selling.

Starting all over again should be your plan when your plan should be to keep your accumulation journey ongoing without selling a dime with constant DCA weekly overtime till you reach your bitcoin target. Why will you destroy what you have built for some years because of dollar profit, when bitcoin future is far brighter than one circle.