Quote from: fikrett on Today at 08:28:15 AM

Quote from: Glen Hoddle on Today at 08:25:43 AM

You remove all the thinking and start saving bitcoins for the long term, you can get the most profit and success. But whenever you get involved in trading and short-term bitcoins, your long-term holdings can fail.
So if you are limited by holding Bitcoin long-term you will be successful, but whenever you get involved in multiple ways you will immediately run into problems and your money will remain unaccounted for. So you will definitely get maximum success if you hold bitcoins with proper strategy and proper long term long term.

To see the results that are guaranteed, one should hodl.

All the other options are available too, but they have more risk to them, that would be it .

You are guaranteed not to lose more than 100% of what you invested, as long as you did not use leverage.

Quote from: Elantra on Today at 10:24:36 AM

Quote from: JayJuanGee on December 31, 2024, 10:25:13 PM

[edited out]

This is a fact that can't be look down at. Especially when you are new to it, like me.
Though you might end up finding it hard depending on the mindset you have going into it cause am actually finding it hard.
Am so happy I came across this post cause I never had the mindset of long term, even when their are fluntuation in price.

There is no reason to quote my whole post in order to make some kind of a comment about it. If you are new to bitcoin, then hopefully you are figuring out a system that works for you in which you can continue to invest into bitcoin from your discretionary income, and also manage your cashflow and your back up funds.

So, yeah, if you want to invest into bitcoin you should be considering bitcoin like a 4-10 years or longer investment, otherwise you may well be trading rather than investing. Sure, once you get into bitcoin, you can choose to cash out at any time that you like, yet at the same time, it may well be to your advantage to continue to study bitcoin so that you might be able to recognize why it is better to consider bitcoin as a long term investment that you may well rather continue to hold value in rather than withdrawing from it early, which also may well end up putting you in a worse position to have had ended up selling too many bitcoin too soon and/or failing/refusing to accumulate enough and/or failing/refusing to advantage by bitcoin's likely future compounding effects.

Of course, there are no guarantees that bitcoin will be profitable, so you should be attempting to size your bitcoin position in accordance with your comfort level to keep value in it, and surely there are many guys who gain a lot more confidence with bitcoin over the passage of time, yet they still might need to go through a whole cycle before they really start to feel higher levels of confidence that come from continuing to watch and to learn about bitcoin rather than perhaps their only having superficial understandings of bitcoin when they first get started investing into it.

Not everyone is going to learn about bitcoin merely from investing into it, yet it helps to have taken some stake into it, and it also helps to figure out how to balance your own circumstances in your own learning about how to invest and/or how aggressive you might be able to be based on your own individual financial and psychological factors.

Quote from: Dailyscript on Today at 11:32:37 AM

Quote from: Mayor of ogba on Today at 07:57:26 AM

Quote from: MiF on February 19, 2025, 04:53:21 AM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

buying a coin in dip is quit safer than buying it when it is already high at price, but most of the buyer only buy coins when it is already on top because they can't control thier emotions, and that is the big problem not only today but also from the past people is greedy and they cannot control thier emotions and that make them loss.

Since we are talking about bitcoin investment, I want you to understand that there's no right time to invest in bitcoin. If you are waiting to buy bitcoin in a dip, you are wasting your time, and you may possibly miss out on accumulating a reasonable amount of bitcoin since no man or woman on planet earth can actually predict when a dip will happen. Instead of waiting for a dip, you can start accumulating bitcoin with the DCA strategy when you money is readily available because the DCA strategy will allow you to even accumulate bitcoin in the bullish trend and the bearish trend, and it will also control your emotions.

I agree with you here. Predicting the dip is almost or completely impossible. As far as investment is concerned, every time is a good time to invest in Bitcoin. Every opportunity that an investor sees, as long as he has the money to buy without neglecting the important things in life, he should see that opportunity and buy Bitcoin. Bitcoin is not measured by when you bought it and how much bought at that time. But it is checked by the amount you have been able to accumualte for a period of time in your portfolio.

Your outline of purpose is correct Dailyscript, since ongoing accumulation of BTC can show conviction and also build conviction while it is also building the size of a person's bitcoin holdings, and surely a guy might be sometimes buying bitcoin at higher than usual prices, yet he still sees value in staying committed to ongoingly building his bitcoin stash rather than dinkering around trying to figure out if various purchases are high price, low price or some other thing, and truly if the guy is investing into bitcoin by buying 4-10 years or longer, he is likely to be putting himself in a much better financial and psychological position, even though it is not guaranteed and even though there might have had been times that he could have had bought bitcoin for lower prices...

In the end, a guy is likely going to be better off if he had spent $100k over 9 years and accumulated close to 30 BTC rather than if a similarly situated guy (with a similar budget) had dickered around and spent only $20k over the same period of time waiting to buy the dip and had gotten less than 20 BTC over the same period of time. The mere fact that the second guy saved money and got lower cost per BTC did not end up putting the second guy in good of a position in regards to his bitcoin stash as the first guy who stuck with his conviction to buy bitcoin consistently, persistently, ongoingly and perhaps even aggressively. The second guy spent around 5x more on bitcoin, and his merely getting 1/3 more bitcoin ended up having a lot of payouts for t