Quote from: Jewan420 on Today at 05:45:33 PM

Quote from: Nheer on Today at 01:34:20 PM

Those set of people only care about quick profits and only invested because of how they heard people making money from it. They believe they can just come in and make a quick profit without really caring to understand bitcoin investment properly and when it doesn’t end well for them they are the ones who go on to spread negative words about bitcoin because they didn’t carefully plan their investment. There are ups and downs in bitcoin investment as the price will appreciate and depreciate so to beat the market easily one should focus on long term investment and accumulate bitcoin using DCA strategy that way you are eliminating volatility of the market from your worries and since bitcoin has proven itself over the years long term investment is the best for you.

We can discuss what Bitcoin is and how to invest in Bitcoin for forum members to understand and comprehend it. However, a person with limited knowledge about Bitcoin, who sees it as a get-rich-quick scheme, and has lost money in Bitcoin, will likely spread negative views about it. Since this person is not part of the forum, they will certainly spread negative propaganda. How can we stop their negative promotion and bring them back to a positive mindset?

Perhaps if they come to us for discussion about Bitcoin, we can provide them with honest advice. However, as long as a country's government or societal system does not promote or allow Bitcoin to be seen positively, Bitcoin may not gain widespread acceptance outside of the forum. Many governments in various countries spread negative propaganda about Bitcoin.

However, for newcomers to the forum, there are ways to learn about Bitcoin. They should never view Bitcoin as a quick way to get rich or buy Bitcoin through short-term and impulsive strategies. This is because Bitcoin might not bring immediate happiness or expected profits in the short term. In the short term, there is a high chance of losing money, which can be disappointing. As advice, I would suggest holding Bitcoin for the long term (4-10 years or more). Over the long term, there is a higher probability of substantial returns, which may make you happy.

Yep...

Even though long term does not take away the uncertainty or guarantee profits, we likely should recognize that shorter timelines can be even more extremely irrational in either price direction... so it can be quite presumptive if any of us are expecting short term profits or even investing into bitcoin with short term expectations of being in profits, which seems more like a trading and/or gambling mindset if we consider that we have to be in profits in less than a 4 year timeline, and we might not even be in profits during time periods that are greater than 4 years, yet if we are learning about bitcoin, then we may well reasonably conclude that bitcoin seems to be amongst the greatest of asymmetric bets to the upside, which stil means that we could lose up to 100% of our investment, yet there are also decent asymmetric upside scenarios too that should well justify reasonable conclusions that bitcoin is a good place to put value.. even if it is not guaranteed to be profitable, even after many years of investing into it.

Quote from: Shadiq on Today at 06:51:57 PM

Quote from: Justbillywitt on Today at 06:22:46 PM

Quote from: Futurexxx on Today at 08:45:14 AM

All what you were saying makes perfect sense when talking about Bitcoin investment, but you later spoilt it with the last statement, I mean the bold words in your write up.
I actually can't get it if it's a mistake or you are certain of what you are saying, what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time, so even if we are already in a profit, it would be stupid to sell now because it's just for minimal gains that wouldn't have any significant changes on our finance forever, so it's best to hold for a very long time regardless of if you are in a profit or not, because building a generational wealth true it is the goal not for minimal gains.

Your argument is really meaningless here, you already saw where he said hold for a very long time until you see profit. He didn't say sell in a short time when you see little profit, or did he say that? There is a higher probability that when you hold your bitcoin for a long time you are likely going to see profit. So don't try and contradict yourself here okay. The profit you will see in a short time can't be compared with the profit that you will see in a long time. So when he said hold for a long time, he did not in any way advise you to sell as soon as you see little profit in a short time. His sentences where well structured and easy to understand. So I don't know why you are getting yourself confused.

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

Humans are greedy. If you keep prolonging your investment depending on profit, then it may be a bit difficult to make your investment long-term. I do not know exactly how you are defining this goal, but I can say that such a goal may not be positive for long-term investment. For me, holding an investment for a long time depending on profit is absolutely impossible. Because when the goal is profit, I will keep monitoring my portfolio frequently. As a human being, it is normal to be tempted by a small profit and such a goal is enough to sell my investment at a small profit. My advice would be to leave your wallet in a safe place and ignore it while investing. You can set a specific time or amount as your goal. Try to stay away from your wallet until you reach your goal, use it only when buying and ignore it the rest of the time.

Surely, you are not wrong Shadiq since many of us likely need to be careful in regards towards our being overly focused on the extent to which our BTC holdings are in profits or not, and surely there can be ways that we continue to monitor and analyze where our bitcoin investment is, and not necessarily get motivated to act on the basis of how much profits we are in or not.

I cannot proclaim that I know any solution regarding what kinds of analyzing people do with their BTC, since especially there are differences between analyzing and acting to buy or sell, so frequently we might realize that we are either still continuing to buy bitcoin no matter what and at various price points because we are early in our BTC accumulation journey, yet our own assessment regarding where we are at can become confused based on a variety of factors, and not ONLY regarding the extent to which our BTC holdings are in profits, but also in the context of our own psychological abilities to handle our own "paper wealth" and if we might need to purposefully start to diversify our bitcoin investment into other kinds of assets or currencies if we might be having difficulties mentally and/or financially handling that our bitcoin values might be fluctuating to very great levels that we had not been psychologically (and perhaps financially?) prepared to handle.

I surely don't recommend any need for beginner investors to diversify their investment in the beginning, yet there might be some need to diversify when some guys might have difficulties handling the size of their bitcoin investment might end up being several years of their salary and fluctuating to a great extent and they might not have enough value in other places (whether in back up funds or other places) in order to provide them with enough financial and/or psychological stability in order to help them in terms of some of the emotions that can come from having so much value in an asset like bitcoin that can have very extreme volatility in either direction, including dropping by 60% to 80% in short periods of time or even going up in value several times and even potentials of going up more than 10x in fairly short periods of time...and very poor people might even have more difficulties to deal with those levels of volatility, especially if bitcoin ends up constituting almost their only place of holding value (besides their various back up funds.. that also might seem inadequately sized as compared with the size of the value of their bitcoin holdings).

Quote from: promise444c5 on Today at 08:37:43 PM

Quote from: Muba20 on Today at 09:55:21 AM

An investor can take profit on his investment. If an investor wants to sell his Bitcoin for low profit, he should remember that it may not be possible to get Bitcoin at the price at which he bought it. It is not always possible to buy Bitcoin from a dip. Therefore, it is better for those who have been able to buy from relatively dip to hold it for a long time. The goal of every investor is to make profit, but if someone misses a big opportunity in the hope of a small profit, he will regret it later. Bitcoin is gradually becoming more valuable. Therefore, an investor can benefit the most if this asset is considered as an asset for life rather than an ordinary asset and held for a long time.

For anyone starting out with Bitcoin investment what really matters is accumulating as much as possible before the next cycles , anything pertaining taking profit should be disregarded... i
nvesting in Bitcoin should be taken for long term so even after reaching a status of having enough stashed up already to start taking profit, investor shouldn't just sell his whole holdings at once.

I doubt that any of the folks investing into bitcoin are talking about selling bitcoin as a way to accumulate bitcoin, as you seem to be implying to be a way to deal with our BTC stash and implying that profit taking is a short-to-medium term motive.

In other words, you seem to be saying some misleading kinds of things to be elevating profit taking ideas in the mixed of your implications of BTC portfolio management.

Quote from: promise444c5 on Today at 08:37:43 PM

The supply of Bitcoin keeps reducing over time and if everything is in place then the price should still go high due to scarcity( although other factors still majorly influence the price) so selling all holdings at once will be dumb...for an investor to stay in the game while he takes profit , he just need to sell small fractions out of his holding as regarding to how big his accumulation has become over time .

I doubt that you are presenting this idea very well, especially since you seem to be suggesting that we should be trying to play BTC price waves with parts of our BTC stash, which is difficult to be suggesting to be practical for anyone with less than a whole cycle accumulating bitcoin absent some special circumstances, even with your own timeline, going by your registration date, you are ONLY about a year and a half into bitcoin, and so you are suggesting that you have reached some kind of an overaccumulation status in such a short period of time, and you are suggesting that other similarly situated guys might be in a similar place? I have my doubts that even your plan is a good one, absent a lot of front loading of your investment into bitcoin, and even then, you are not even characterizing your own situation in such a way, but instead seeming to overly weigh the practicality and the ability of guys to be trying to play anticipated BTC price waves without making sure that they have clearly and unambiguously reached long term (rather than some temporary perception) of actual overaccumualtion.

Quote from: promise444c5 on Today at 08:37:43 PM

This doesn't stop buying but most investors at such stage will just buy dips if they wish to , could even be out of profit made since they will be buying cheaper..

Of course, you are recommending buy higher and sell back cheaper, which is also known as trading, even though you are proclaiming that you are investing. Do you even understand what you are saying? Yes.. you seem to be presuming that smart trading is a form of investing, and sure you are free to employ those kinds of tactics with part of your BTC holdings, yet your trying to suggest that everyone should be doing this is quite presumptive, especially since you seem to be just dreaming that you can figure out how to time your own attempts to fuck around with figuring out where the tops and bottoms are going to be....and during this time that you are fucking around with trading, you think that you will just continue to buy BTC at the same time, so why the fuck would you be just spinning your wheels by selling out of one hand and buying back with the other, and why not just stay focused on buying only rather than presuming that you are smarter than everyone else and you can figure out how to play various inevitable BTC price waves?

Quote from: promise444c5 on Today at 08:37:43 PM

The moment an investor opt-out at once , it might be very hard to buy back and this is why selling holdings high to buy back low strategy is not a good strategy( it fails).. investor might end up buying higher again thus loosing some funds .

Now, you are recommending not selling any or taking profits, but the early part of your post seems to be suggesting to take profits with part of your BTC holdings, but now you are suggesting that you are being smarter because you are ONLY planning to be selling part of your BTC holdings and not all of your BTC holdings? Your post is confusing and seems to be internally contradicting in terms of your seeming to talk out of both sides of your mouth on this topic of how you seem to be planning your playing of our anticipated upcoming BTC price waves in the coming year or two by selling part of your BTC and not large parts of it, and you are suggesting that you are going to play the upcoming price wave in a smart way because you are not selling large parts of your BTC, just some of it.. which comes off as a wee bit ridiculous from my reading of your confusing and internally contradicting post.

Quote from: ginsan on Today at 08:52:29 PM

Quote from: JayJuanGee on Today at 05:42:53 PM

It could take a person 10-15 years or longer to just build a decent portfolio size, since even a person who had been investing 10% of his income into bitcoin, it will take 10 years to just get to a point of having had invested a whole year into bitcoin, so how aggressive a person is investing and also how the underlying asset performs (in this case bitcoin) can take a decently long time to build and start to feel as if the BTC portfolio size is starting to become a sizable investment amount that reaches a level in which the person might start to be able to lessen his level of ongoing investment into it.

I agree with you investing sustainably would be good to do in bitcoin especially at the age of 30 where he can program discretionary income to continue buying bitcoin for the next 30 years. That's good to do because he can enjoy the results of his investment at the age of 60 and I think it would be good to apply now for anyone who wants to plan for long-term investment.

A 30-ish guy could plan to continue to invest into bitcoin, and consider that it could potentially take him 30-years or so to get to his fuck you status, and so he might still continue to invest as aggressively as he is able to invest without overdoing it, and in the meantime, at various points along the way, he can measure his investment progress, and it could well end up being that he solidly ends up meeting his goal way earlier than expected, such as getting to 45 years old and saying to himself: "holy fucking shit, I have gotten to my goal 15 years earlier than I had expected!!!!!" So sometimes there can be signs of progress, and we might not be able to count on such signs of progress, yet we keep plugging away, and perhaps we get some extra fortunate breaks along the way, and maybe we have a few set backs, yet if the fortunate breaks outweigh the set backs, we may well end up experiencing concrete levels of years being shaved off of our expectations.

And, I will say that even myself personally, I had set various expectations for my own finances, yet staying invested into bitcoin caused several areas in which the profit cushion of the bitcoin investment ended up being magnitudes higher than expectations, so then the magnitudes of higher levels of BTC performance ended up having rippling effects throughout my own finances and psychology, since there could be options that come available that allow for largely still staying in bitcoin, yet moving around some of the allocations in such ways that the bitcoin holdings contributes to wealth going up in all areas, and even causing some abilities to help some other people out that I would have had never in my wildest dreams thought that I would be in a financial position to help out some other people (and not that I even want to help anyone else out, but if I ended up getting to a position that I have so much extra, it becomes really easy to just send value to some people who you know deserve the extra value and it does not really materially affect me in any kind of a negative way, so I end up just sending the extra value and getting some good feelings about it. .including that I don't even care whether they know or they thank me or anything like that).

Quote from: ginsan on Today at 08:52:29 PM

And it's true sir, building a portfolio certainly takes a lot of effort and no less than the level of perfection of DCA 4 times a month and it must be done routinely. Beginners must run investments at the beginning with full consistency to achieve better results in their first year of investing.

Sure we can keep investing regularly, yet I doubt that we should expect perfection, even though maybe we strive to balance our level of aggressiveness and the carrying out of our various financial obligations, yet there also likely will be several times that we make mistakes along the way, so then we might consider that we need to keep some larger quantities of back up funds, and other times we realize that we were being overly whimpy in our bitcoin allocations, so there likely are going to be times in which we realize that we made mistakes in how we balanced out our weekly (and/or monthly) finances, including that maybe we tried to be aggressive with our bitcoin investment, and then we thought that we were in a very good status, and then pretty soon we found out that our spouse (or our partner) is pissed off at us because we had said that we were going to pay for the attendance of an event (perhaps with an overnight stay and even some various costs), and we had completely forgot about that event, and we had mis-budgeted since we thought that it was going to cost around $500, but then we realize that the whole package is going to cost $1,500 and so we end up having a kind of emergency that we had created since we had not sufficiently accounted for various details.. and so now all of a sudden we have a $1k shortfall in our monthly cash cushion.. and perhaps after we make that mistake, we realize that we have to draw from some of our other funds, and it is going to take us around 3 months to get our cash balances back to where they would have had been if we had not made that mistake. Of course, there are other examples.. for example, we know that we have some business needs like a couple of computers and a couple of phones, and we usually have various funds that would be available to cover our expenses in the event that we needed to replace some of our equipment, and then perhaps we end up having some technical damage, and again, we end up having some funds to cover the expense, yet we realize that we had taken some money from one of our back up funds to buy bitcoin, and so then we end up with $1k less than what we should have had, and we have to spend about 3 months to make up for the mistake that we had caused ourself, and even though the mistake did not r3ck us, we were inconvenienced because we ended up getting overly excited in one area of our budget and screwing up another portion of our budget.. which ends up taking us a few months to get back on track.

Quote from: ginsan on Today at 08:52:29 PM

If I want to give an example, I still say El Salvador as the main example of executing bitcoin with full consistency because they continue to accumulate and build a portfolio very well.

Sure. Governments, institutions and the practices of super rich people can be compared to the practices of more normal people of modest means, and even though some of the others might well have tools available to them that are not available to normies, we still can employ similar (and perhaps even better) practices than they are employing since we are learning as we go, and we realize that if we get a bonus at work, we may well determine that we are going to allocate a decent portion of that bonus towards buying bitcoin instead of spending it right away on consumptive items as we would have had done prior to our having had learned about the value of making sure that we stay consistent and persistent in our ongoing (and perhaps aggressive) accumulation of BTC.

Quote from: I_Anime on Today at 09:00:40 PM

Quote from: Shadiq on Today at 06:51:57 PM

Quote from: Justbillywitt on Today at 06:22:46 PM

Quote from: Futurexxx on Today at 08:45:14 AM

All what you were saying makes perfect sense when talking about Bitcoin investment, but you later spoilt it with the last statement, I mean the bold words in your write up.
I actually can't get it if it's a mistake or you are certain of what you are saying, what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time, so even if we are already in a profit, it would be stupid to sell now because it's just for minimal gains that wouldn't have any significant changes on our finance forever, so it's best to hold for a very long time regardless of if you are in a profit or not, because building a generational wealth true it is the goal not for minimal gains.

Your argument is really meaningless here, you already saw where he said hold for a very long time until you see profit. He didn't say sell in a short time when you see little profit, or did he say that? There is a higher probability that when you hold your bitcoin for a long time you are likely going to see profit. So don't try and contradict yourself here okay. The profit you will see in a short time can't be compared with the profit that you will see in a long time. So when he said hold for a long time, he did not in any way advise you to sell as soon as you see little profit in a short time. His sentences where well structured and easy to understand. So I don't know why you are getting yourself confused.

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

Humans are greedy. If you keep prolonging your investment depending on profit, then it may be a bit difficult to make your investment long-term. I do not know exactly how you are defining this goal, but I can say that such a goal may not be positive for long-term investment. For me, holding an investment for a long time depending on profit is absolutely impossible. Because when the goal is profit, I will keep monitoring my portfolio frequently. As a human being, it is normal to be tempted by a small profit and such a goal is enough to sell my investment at a small profit. My advice would be to leave your wallet in a safe place and ignore it while investing. You can set a specific time or amount as your goal. Try to stay away from your wallet until you reach your goal, use it only when buying and ignore it the rest of the time.

Exactly that's another reason why Dex wallet is the best to hold your coin, apart from your coin is more safer in Dex wallet , in Dex wallet you can also hold your coin without been tempted easily to sell your holdings. For instance you are holding on an cex wallet and due to the market recent upward movement, and you're in a good profits, and you know you can easily sell your token or holdings in cex account without any stress just by typing the amount and price you wanna sell at and punch the s button.

But when ya holding in Dex wallet you can't easily sell you will have to first send to an cex wallet first which is a bit stressful and you may endup paying fee. So when you're holding in Dex wallet you can easily focus on accumulating more without been bothered with market prices , so you can't be easily tempted especially those that are still new in bitcoin investment and haven't fully understand the system.

Because I was once like that any time am holding iny exchanges due to fee , because some times I usually gather in cex wallet first before sending to Dex just save feed. so I'm easily tempted then mostly when market is all green , but due to that i don't wanna slow down my bitcoin investment , I could easily stop my self from selling. But now I don't even bother with those stuff I just focus on building my bitcoin Stashes.

Your use of the term DEX and CEX to describe wallets is a bit confusing, since the term DEX tends to refer to decentralized exchange and the term CEX is used to refer to centralize exhange.

Sometimes holding value DEX might be misleading in terms of whether the BTC is really controlled by you and if there are not any back doors into it.

I think that the better frameworks are to consider self-custodial to be preferred to third party custodial. And the other part is open source versus closed sourced, yet even within the various categories, some times folks will still find levels of comfort in regards to the security of their coins, yet it still can be confusing in regards to which wallets are preferred and making sure that there are not back doors into our coins, which we might not even be 100% sure, yet the more value that we accumulate, the more justification there would be to make sure that our BTC are being held in increasingly secure ways, which could lead us into another whole area of technical discussions in which it can become difficult to figure out exact guidelines for any person regarding size of stash and the various levels of self-custody that might be achieved once there are determinations to move the value into self custody rather than in the custody of 3rd parties, and surely many of us have proclaimed that it is good to learn about self-custody and to start to employ self-custody soon after getting into bitcoin, yet some people come to bitcoin with a lot of value right from the start and others start to use various centralized exchanges prior to learning about how to self-custody their coins (or at least a large portion of their coins).

Quote from: Raflesia on Today at 09:01:12 PM

Quote from: Shadiq on Today at 06:51:57 PM

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

So what goals do you hope to achieve when investing for the long term apart from profit? Because after all, the main reason we are here is indeed maybe most will say that financial freedom is always a strong reason but that's just a refined word because in the end the purpose of investing in bitcoin is clearly profit which is always the end result of what we do here.

I don't want to be naive because I'm in bitcoin for profit but that doesn't mean I'm someone who will only see short-term gains as one of the benchmarks because in the end we have determined from the start and it depends on each of us where our goals will stop and indeed even though it is not implied but long-term investment is always one of the things that is chosen to do so that we can get optimal results and of course it refers to the profit in it. So apart from the benefits of what you expect from your long-term investment when we say we don't have to focus on that?

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Nothing wrong with having people try to describe their goals, and surely this actual thread has an implied investment angle and discussion area, and we are not really talking about trading in this thread, even though the topic of trading comes up on a fairly regular basis, including maybe suggesting that if members are wanting to talk about trading or even shitcoins, then they need to go to some other thread since this is not a trading thread, and I frequently iterate my own sense that anyone getting in bitcoin for less than 4 years is likely trading, and I have also accused people with greater than 4 year timelines of trading too, especially if they are merely thinking about getting in and out of bitcoin rather than considering bitcoin to becoming more of a lifetime venture for them, which I have personally considered that newbies coming to bitcoin may well be able to start to consider 4-10 years or longer as being more of a potential starting investing mindset as compared to someone who might come straight to bitcoin and who is thinking in shorter than 4-year timelines... but yeah, a newbie to bitcoin might not even be sure about what he thinks until going through some of his own various personal circumstances that would include him considering why he is coming to (or considering) bitcoin in the first place.