Quote from: Huliya on Today at 11:23:29 AM

Quote from: JayJuanGee on Today at 02:49:46 AM

Quote from: sheenshane on Today at 02:41:31 AM

Quote from: JayJuanGee on Today at 02:15:37 AM

..an appropriate way of allocating into bitcoin, and how much should I allocate into bitcoin based on my own personal circumstances.

It's a piece of a good advice.

As we all know, Bitcoin from time to time it will increase in price due to the demand, nothing's late if you will invest and wait for the right time and the money that you're willing to wait for a long period of time. I saw many people regretting (including myself) buying Bitcoin in the past (5 years ago) while seeing the price right now.

What if after another 5 years Bitcoin will double or triple the price of what we have right now?
So nothing's late.

I frequently suggest that your investment timeline should be 4-10 years or longer, so I doubt that getting into bitcoin would be considered merely as a trade to cash out after 5 years, unless you were to have some age and/or health kinds of considerations that might restrict your time and contribute towards your needing to cash out in great amounts rather than just sustainably withdrawing. .. so yeah, there tends be differences between thinking about bitcoin as an investment versus as a trade. and if you are merely planning to cash out after 5 years, that seems more like a trade rather than an investment, even though it meets what would be considered to be a acceptable investment timeline.

Generally, a period of 4 to 10 years is good for investing, as long-term investments can increase in value over time. This type of approach should also be taken when investing in Bitcoin, where you have to wait a long time to realize a profit. In the case of Bitcoin, its price can fluctuate at different times, but it can be a profitable opportunity for those who invest with a long-term perspective.

If you plan to cash out your Bitcoin in 5 years, then this can be considered a similar trade. Because the price of Bitcoin can sometimes change rapidly, and it can be a very short time to realize a profit in just 5 years. However, if you invest in a valuable asset like Bitcoin for the long term, it can become more valuable over time.

For example, in 2010, Bitcoin was worth only a few cents, but by 2025 it will be considered a very important and valuable asset. This proves that with patience and proper planning in long-term investments, it is possible to earn good profits from Bitcoin.

Therefore, if you look at Bitcoin as a long-term investment, it can be a strong and profitable opportunity where you can see its value increase over time. So we should not wait to invest in Bitcoin. Every second counts.

If a person transitions from BTC accumulation and then maybe a bit of a holding period (and/or maintenance) and then to something like a long term sustainable withdrawal, then that sounds more like an investment to me, rather than a trade.

I suppose a person could have a long time horizon, yet if they are just planning to get in and then get out, then from my thinking it becomes more difficult to classify it as an investment, even though sure, the longer the period, then sometimes it still might make sense to reallocate and to conclude that enough time was spent in asset 1 and perhaps to consume or move it to some other investment.. .. but yeah, at some point, I suppose we want to be able to live and to consume, so then that might no longer be an investment because we might have some BIG purchases or maybe even a cashflow that we might have in mind that we consider to be more stable than the cashflow from bitcoin since bitcoin's spot price has tended to be quite volatile and likely to continue to be volatile into the future.

Another thing is that once we are in an investment like bitcoin, and historically after a cycle or two, there had been so many multiples (and even magnitudes) of returns on the investment, which I consider to lend even more credence to a lack of justification to be pulling out a bunch of value at once, instead of just pulling out decent amounts (such as even 10% per year), still live quite well, and it still may well end up your BTC is gaining in value faster than your withdrawal rate.. so no need to deplete the value, unless there is some kind of an age or a health kind of need to begin to deplete the principle with a larger withdrawal rate.

Quote from: Frankolala on Today at 03:11:16 PM

Quote from: JayJuanGee on Today at 02:49:46 AM

Quote from: sheenshane on Today at 02:41:31 AM

Quote from: JayJuanGee on Today at 02:15:37 AM

..an appropriate way of allocating into bitcoin, and how much should I allocate into bitcoin based on my own personal circumstances.

It's a piece of a good advice.

As we all know, Bitcoin from time to time it will increase in price due to the demand, nothing's late if you will invest and wait for the right time and the money that you're willing to wait for a long period of time. I saw many people regretting (including myself) buying Bitcoin in the past (5 years ago) while seeing the price right now.

What if after another 5 years Bitcoin will double or triple the price of what we have right now?
So nothing's late.

I frequently suggest that your investment timeline should be 4-10 years or longer, so I doubt that getting into bitcoin would be considered merely as a trade to cash out after 5 years, unless you were to have some age and/or health kinds of considerations that might restrict your time and contribute towards your needing to cash out in great amounts rather than just sustainably withdrawing. .. so yeah, there tends be differences between thinking about bitcoin as an investment versus as a trade. and if you are merely planning to cash out after 5 years, that seems more like a trade rather than an investment, even though it meets what would be considered to be a acceptable investment timeline.

Personally, 3-4 years is a small timeline because you are not sure if you will be in profit by then.

At the time that you invest, you may not know, yet it seems that almost no matter what if you are investing in a less than 4 year timeline then you are playing the wave and you are in a mindset of playing the wave..

Surely if a guy is investing towards the bottom of a cycle, then there are pretty good chances he would be able to play the wave in some kind of a way, so then he gets a dollar value out of bitcoin with a less than 4 year timeline. .and is playing the wave and he can see if he is profitable or not.. which is trading. ...

and yeah, he could also have a primary plan to trade and play the wave, and a back up plan that if he is not in sufficient profits during the time that he was intending to play the wave, then he would just let the amount ride until it become profitable, which could mean waiting through another cycle.. so there could be various ways to attempt to play the wave even with back up plans that increase likelihood of profitability at some point.. in a kind of trading way, and not an investing way.. but still having a kind of investment component that is a back up plan to attempt to assure profitability and even flexibility that still ends up having a chance of locking up funds longer than expected, which was not the primary intent, yet at the same time the intent was also to make dollar profits..

Quote from: Frankolala on Today at 03:11:16 PM

However, when investing in bitcoin profit shouldn't be considered first but a long-term goal so that it can enable have the time to accumulate more bitcoin overtime. Having a bitcoin target and work towards achieving it is the best so that it will allow you stay more focus on increasing your bitcoin faster till it gets to your target.

I might be arguing semantics with you since when you are framing your bitcoin investment in terms of profits, you still seem to be stuck in a kind of trading mindset in terms of how much profits you want to be in rather than whether your going to be able to start to sustainably withdraw from your bitcoin and/or even that your bitcoin ends up bringing you more options and sure there might a bit of an assumption of both being in profits and potentially that the profits had compounded upon themselves a few times over the holding period.

Quote from: Frankolala on Today at 03:11:16 PM

If you are planning for short-term like one circle, it will make you miss a lot from the compounding value of your bitcoin portfolio, and also you will regret in future for not hodling longer and increasing your bitcoin stash. When you also think about profits, that will distract you when you see little profit to sell when it's wasn't your plan. Focus more on how to increase your bitcoin stash than how much profit that you have made, because in the long run, you will be in profit because bitcoin is still growing. 10 years is a good timeline for long term.

These all sound like decent points in terms of having some generally rough guidelines about the investment from the start, yet I still consider that long term investors might even get into something like bitcoin and they might have general ideas about timeline and about where they want to be, but the goals might not be very specific in part because a lot of time still has to pass with a decent amount of uncertainty, yet as the time passes and the bitcoin holdings increase, then more and more certainty comes because there is more evidence of the growth of the actual holdings rather than speculating so far in the future with ballpark ideas that may or may not end up materializing, yet as the time gets closer and closer the numbers will start to guide, perhaps narrow the ideas about what options might be available based on what is rather than what was projected so many years in advance.. so there is a bit of figuring it out as we go even though there may well have had been some general ideas about .. stacking as much as is reasonably feasible while realizing that it still takes a whole lot of time to build, with uncertainties involved and perhaps some needs to make sure that there continues to be various forms of enjoyment along the way, especially since ongoingly stacking away can contribute towards ongoing feelings of being deprived of present value, too.