Quote from: laijsica on Today at 07:10:35 AM

Quote from: JayJuanGee on February 07, 2025, 05:55:45 PM

You do not have to establish your emergency fund prior to investing into bitcoin.... especially since with bitcoin, is it important to get started investing into bitcoin as soon as you figure out that you are interested in investing into it and that you have discretionary income that can be used to invest into it and that you are expecting not to tap into your bitcoin investment for 4-10 years or more.. which surely can feel like a long time for people, but that should be a bitcoin investment mindset in regards to figuring out how to treat bitcoin as an investment rather than as a trade.

We often get confused about emergency funds and some may think that the need for an emergency fund should be set from the very beginning. Having a clear idea of the fund can make small investors more courageous. It makes investors more mentally prepared to manage a 4-10 year DCA/accumulation regularly for a longer period of time. It is recommended for interested investors to have an emergency fund to accumulation more Bitcoin so that over time they feel more secure and feel better about holding Bitcoin for a longer period of time.

Many times we talk about an emergency fund needing to be at least 3 months of cash, and surely that should be the case, especially once your bitcoin value starts to get to higher levels, such as equivalent to 3 months of your expenses (or that you have put the equivalent of 3 months of your expenses into it). 3 months of an emergency fund can be difficult to establish right away, yet at the same time, probably an overwhelming majority of normal people operate regularly with a cash cushion of 2-6 weeks, even poor people, so they likely already have more or less an emergency fund in place, so they can usually get started investing into bitcoin with merely $10, just like they might buy $10 worth of cigarettes (no one is saying you need $10 worth of cigarettes to surviver, but people spend their money on those kinds of things which are not necessary, they are discretionary and they are not getting any money back from the cigarettes once they consume them.. ). Also, maybe I am being too strict proclaiming a need to be committed to investing for 4-10 years in the start.

Of course, people can come to bitcoin with a shorter commitment, and then evolve into an investor... since maybe right when a person starts they don't need to commit to 4-10 years, but if they want to be an investor rather than a trader then they should commit to 4-10 years or longer, and surely many of us bitcoiners consider bitcoin as a investment rather than a trade... (even though people do trade bitcoin, which they have a right to do, and they may well even make money off of it, even though many bitcoiners consider trading as a wrong approach and a wrong mindset in regards to bitcoin)...and bitcoin does not care.. you can do whatever you like, even dumb shit.

Quote from: laijsica on Today at 07:10:35 AM

A smart way to accumulate Bitcoin for a prudent investor is to run DCA strategy by running his/her continuous stashing. Many new investors find it very challenging to start with Bitcoin and if they are constrained by their emergency fund, they may find it even more challenging. So for easy Bitcoin accumulation, one should start by deposit any amount every week/month from prudent income. In the coming months/years those investors will continue to feel the need to increase the amount of floating cash at their convenience to secure their Bitcoin stash

You are throwing around terms and I am not really sure what you mean.

When a person is prudent, then there is an idea that they are thoughtful about what they are doing and that they are making reasonable choices within reasonable boundaries.., so frequently we talk about making sure that a person is investing into bitcoin from within their discretionary income, so they would make sure that they are not using any money that they need for expenses, so it would be prudent to not invest beyond your discretionary income, yet within the scope of choosing how much to invest a person could invest aggressively, which might include use close to all of their discretionary income or all of their discretionary income on bitcoin which might become dangerous if they make mistakes in calculating their expenses or their income .. which would not be prudent to be engaging in such danger. On the other hand a person might invest very whimpily into bitcoin. Let's say that they have $500 per week in discretionary income, yet they choose to ONLY invest $10 per week into bitcoin which truly is their choice, but it seems imprudent if they otherwise consider bitcoin a good investment and they already know how to secure their coins adequately.

Regarding cash floats, I am not sure if you are describing the concept very well, since maybe you are merely talking about discretionary income, but sure, you might be correct if you might be suggesting that floating cash might be the amount of cash that is available every month while you are still trying to figure out whether you need it for expenses or not, so you have $200 available for various expenses, and so then by the time all your bills come in (and become confirmed) you see that all your bills had only cost $120 and you are going to be getting paid again in a couple of days, so you had kept the $200 as the floating amount, but once your bills are confirmed, then you realize that you have $80 left over, which would be discretionary income or you could float it into the next pay period, since you are getting paid in a couple of days and you do not necessarily need to resolve how you are going to categorize that extra $80, and you might choose to wait to see how much you are getting paid before deciding where to put it. You could end up putting it into some kind of back up fund that could be for any purpose that you decide, such as buying bitcoin on various conditions, taking your partner out for dinner, savings fund for your new computer, money to pay the plumber who needs to come fix your sink - not urgent but a thing you would like to do, etc etc.

Quote from: |MINER| on Today at 07:51:30 AM

Quote from: JayJuanGee on February 07, 2025, 07:39:13 PM

Anyone selling bitcoin to buy back lower (especially around $110k) sounds retarded. The best way to accumulate bitcoin is to keep buying. Another thing is that it can take 4-10 years or longer for anyone to even come close to accumulating a large enough stack, so it also seems retarded to sell bitcoin after 4 years and to treat bitcoin as a trade, unless you happen to be old or you have health conditions that you need the money.

If you build your BTC holdings and hold more than 10 years, then you are going to most likely be in a better place to engage in sustainable withdrawal where you are selling to live off of your bitcoin rather than fucking around trying to sell BTC to buy back cheaper. Sure, if you have reached an over-accumulation status, then you could sell some of your extra BTC, but it tends to be a bad idea (like gambling) to sell bitcoin with an expectation of buying back cheaper, especially if you have not yet reached a status of over-accumulation.

But hey, whatever, we are always going to have people selling too many of their bitcoin too soon and selling their bitcoin to Michael and Larry.. and that is your choice to be treating the most pristine asset as if it were something to fuck around with and try to trade with it rather than having a situation in which you are building your BTC holdings from buying techniques. If you want to build your BTC stash, you don't accomplish that by selling, you have to keep buying, that is how it is done. But, hey, whatever, do as you like.. a lot of dumb folks out there..and maybe you will get lucky... perhaps? perhaps? but I would not count on it. You are probably going to end up with way fewer coins than what you could have otherwise had.

I am actually working on two strategies, one is to maintain a regular DCA and adopt $10 worth of bitcoin it will gonna be likely the way we are making deposit on the bank for savings and I hope I able to continue it for more than 10years?,
And by holding and selling my previously invested bitcoins in a 4-year cycle, I can further increase my bitcoin adoption amount. Like When I invested on bitcoin even if I sold that amount on 100k I can easily multiply to 2x of my previous investment on the next bear season, don't you think bitcoin will come down to 50k on the next bear season?

Anyway, I don't know that is my plan like gambling or what do you think of it, but we all know there will be bull and bear both in the market in around 4 years cycle.

I am not going to say that I know where the bitcoin price is going to go, but I think that you are retarded if you think that the bitcoin price is going to go up to $110k and then crash back down to $50k or even $70k.. but you can do what you like, and maybe you will be right with your gambling approach to bitcoin.

I have already said many times that bitcoin should be a long term investment (but you don't need to agree and you can do what you like, include having fun staying poor), and so with a long term investment, you can accumulate until you get to a point that you can live off your bitcoin or mostly do that... but you are not going to get anywhere if you are fucking around trading.

Just think you have been registered on the forum and presumptively knowing about bitcoin for nearly 10 years, and so potentially, you could have had accumulated enough bitcoin to have a pretty decent bitcoin stash with merely $50 per week, you could have had invested $25.5k and you would have had around 14.2 BTC... and so that would be a pretty good place to be.

Of course, the future of bitcoin is not likely to give you the same returns as the past, but bitcoin still remains amongst the best (if not the best) place to be investing, and you want to be fucking around with trying to trade it rather than ongoingly, persistently, consistently and perhaps even aggressively buying it? Selling does not help you to accumulate more bitcoin. Selling only puts you at risk of having less bitcoin. Yet, sure that is your choice to do what you like, even dumb stuff since it seems like a wrong choice if you are not erroring on the side of accumulating and holding bitcoin until you get to a point of having too many... and you have to figure out how many bitcoin is too many, which based on your posts, you don't seem to have very good judgement about those kinds of things.

Quote from: Pablo-wood on Today at 10:41:04 AM

Quote from: SOKO-DEKE on Today at 09:46:52 AM

Quote from: sotelorene on February 07, 2025, 10:43:14 PM

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

One can still be a trader and investor at the same time. Now imagine someone who has a certain amount and decided to split it into two maybe of equal ratio or maybe of different proportion such that a certain fraction goes for investment and the next for trading.

Accumulating Bitcoin with a single strategy might not work out fine all the time because as humans we are bound to have problems and challenges and no one can predict the future. In the cause of investment a problem might arise that will want to clear up the investment we have been trying to build. But if an investor trades as well they can take quick profit reinvest in other side businesses and this might help discipline them not to consider their investments as immediately problem solving approach because they have built portfolio across two different businesses approaches.

Probably you are better off to consider your two sides of the business as 90% investing and no more than 10% trading, without any cheating since the trading part is likely going to be losing relative to the investment side, especially over the next couple of cycles, yet your thinking is so perverted that you continue to divert value from the investing side, since you cannot appreciate the value of investing, and most likely better to be getting income from other sources rather than trying to get income from trading. With your income you also need to pay for your regular expenses too (housing, food, transportation, etc)...

What you are saying is way easy to say than to actually do it and to be successful, especially over a longer period of time, such as a couple of cycles. You have only been registered on the forum for a couple of years, so do you have experience beyond that? And in the last two years you would have likely been better off to just buy bitcoin rather than fuck around with various trading. How has your trading been doing in the last two years? You killing it? If you are killing it, can you keep it going for another 6 years?

Lets say that you were in bitcoin for the last 9 years and you had invested $100 per week, you would have had invested $47k and you would have nearly 14 BTC. Do you think that a trader could have had beaten those kinds of results?

Quote from: Pablo-wood on Today at 11:42:32 AM

Quote from: Sim_card on Today at 11:01:15 AM

You can not serve two masters at the same time, because you will be committed to one than the other. If you are trading and investing at the same time, there's high possibility that you will be liquidated in trading and you will go and dip hand into the bitcoin that you are investing because it is always lying in your wallet to tap some bitcoin to trade with. You will believe that you will make profit and put it back but gradually, you will lose all your bitcoin investment to trading because trading is same with gambling and you will run at loss in the long run.

What are you saying? Hehe Cry

when we live in a society where you can't survive with just one stream of income let alone relying solely on a long term investment like Bitcoin. A newbie who is just starting out will find this advice too discouraging. One can still be a trader and investor at the same time and there are many of them out there who are making it big running both at the same time.

Trading does not give you a second source of income, and your investment is not a source of income either until it reaches overaccumulation status.

If you have a source of income that allows you to pay for all of your expenses, and then you trade on the side and you also invest into bitcoin, that could work, but still it seems problematic to divide them 50/50, but sure, something like that could work if you could stay disciplined and not be either depleting your investment side and perhaps just keep trying to build your trading side and see if you can get your trading side to beat your investment side over a couple of cycles, like 8 years.

You may well devolve into gambling and cheating but if you were to have an income source, and you invested 50/50 into each then you are diluting the investment side, but if you can get the trading side to perform equally or better than the investment side over 8 years, then I would concede that you were able to do a good job, and you ended up being a rare species since an overwhelming majority of folks would not be able to out perform regular DCA investing into bitcoin, especially over a couple of full cycles.

You think that you are smarter.. so good luck, you might be correct, but you sound retarded when you suggest it is easy peasy and the everyone should be doing some risky ass version of whatever the fuck you are doing with your 50/50 proclamations.

Quote from: Pablo-wood on Today at 11:42:32 AM

Quote from: Sim_card on Today at 11:01:15 AM

Trading is not bitcoin accumulation strategy, because you are selling. When you are accumulating, you don't sell. So buying to sell and buy back is classified as trading.

When you have just started your bitcoin investment as a new investor, you are to set up an emergency funds which you will use to take care of any real emergency that plays out on your bitcoin accumulation journey. You can share your discretionary income into two part and invest into bitcoin with one part and use the second part to build up your discretionary income to three months of your monthly income. This will be a back uo funds to your bitcoin investment so that you don't sell your bitcoin when an emergency arises.

I think you have to go through my reply again. I never referred to bitcoin trading as an accumulation strategy but an approach to help increase capital for investment. Trading and investment can go hand in hand for someone who has good discipline and emotional control and have high accuracy in decision making knowing when to pause and when to take the risk because even with DCA bitcoin investment is still not a 100% guarantee.

You know one of the main mistakes a lot of traders do? They end up selling too much too soon, and they end up not being long in bitcoin when they should be, and bitcoin has only a few days (maybe around 10 days) per year that you better have had been in bitcoin, because that was where all of the profits were, and if you miss out on those days, you end up fucking away all of your previous trading profits. Another thing if you use leverage then you may well get yourself into more potential problems, but hey you can do what you like, but your marketing trading as if it were the smarter way to go is not correct because it is a very difficult thing to accomplish, even if you are very good at it... which sure, it is possible that you might be one of those smarter than average traders, and they are pretty rare.. but yeah you might be one of them... perhaps? perhaps? You seem a bit presumptuous in regards to believing that it is easy to accomplish what you are saying.