It's not too hard, yet people may be inclined to drop their bags even if they see even a bit of red.
To avoid this, knowledge should be built up beforehand.
Very bad thinking or a weak mentality that should not burden their decision to sell quickly. The decline often occurs, it does not indicate that we have passed the increase or have reached a high price because I believe that BTC can reach a higher ATH so what needs to be emphasized is patience in holding.
If the price does go down we can buy back,
Why would we be "buying back?" Why would we have had sold in the first place?
Since you, reefsea, have been registered on the forum for more than 10 years, then maybe you have accumulated enough or more than enough bitcoin, yet there are a lot of forum members who are in their first cycle, including betswift has ONLY been registered on the forum for about a year, so how the fuck would he be in a position to be selling bitcoin prior to getting through at least a whole cycle?
Even though this thread includes the topic of comparing buying to selling, those guys who sold a lot of their coins in the $50ks and $60ks, when this thread first activated, they are probably not doing very good right now, unless they bought back (hopefully without screwing up their progress in BTC accumulation).
DCA works very well to take advantage of the decline and besides that, accumulation that has not reached the satisfaction stage, then accumulating more bitcoins can be done when the market is correcting. To achieve great profits by being patient and making decisions to let go of the bag is not a good choice.
I think that we might be on the same page that it is likely better to keep on accumulating bitcoin before fucking around with selling bitcoin with expectations of buying back cheaper, which surely might not happen. Bitcoin is not the same as shitcoins, so in that regard, even though there are not guarantees that we are going to be profitable, it is likely better to keep accumulating bitcoin even when prices are quite volatile rather than trying to figure out whether we are in a dip or in a run or if we might want to attempt to adjust our BTC accumulation based on if we believe that the price is pumping or dumping.
Don't get me wrong, sure there are some newbies who will continue to accumulate BTC through a DCA style, while at the same time, holding back some money to be able to buy more BTC during dip periods, and I have no problem with that, so long as they understand the trade offs in regards to the possibility that the BTC price might not dip and also that their holding back value might well contribute to them failing/refusing to adequately and sufficiently buy bitcoin through their regular DCA amounts... but yeah, in the end, each guy is responsible for himself in terms of figuring out what levels of balances to make in terms of ongoing accumulation and how early they might be in their bitcoin accumulation journey that might also relate to how much discretionary income they have available to be able to both regularly buy and to hold some of that value back for buying on dips, if such dips end up happening.
Because it's impossible to predict the price of bitcoin makes it more risky and useless for me to see trading as a means to make profit. This is because trading is 50-50 and you losing your bitcoin is as stake because you feel that you can outsmart the market. So why would anyone that loves to invest for a better life in future choose to trade.
Profits isn't everything when we are talking about bitcoin, because some people the moment they hear bitcoin or buy bitcoin, they start thinking about profit which is a wrong orientation. Bitcoin is a store of value and if you are buying bitcoin, focus on long-term and have a bitcoin target that you will focus on accumulating, so that it can make you more focus and keep your bitcoin accumulation ongoing with your regular weekly DCA for 4-10 years and above, with consistent and persistent.
The stress of studying the market and reading charts is one aspect of bitcoin investment that I still feel is purely careless risk that has very high potential of loosing every asset and this is what they refer to as trading, haha. Why not save some stress, but by DCA and allow your asset to grow with time. Investing with a spare fund often referred to as discretionary income is best and stress-free.
Trading can make you quit bitcoin investment completely and shouldn't even be tested at the first instance. Buying to hodl remains my best bet even though no one can impose his opinion on anyone else.
Well even though I don't support trading or I don't do it, it will be wrong for me to use bad words on them but what I know is that those who don't have enough money to continue whenever they incur loss are wasting there time, energy, and the little resources they have. However, I believe to some point everyone knows what is right to do and what is wrong to do. Life itself is hard so why making it so hard by going into something that you are not sure of the outcome and I pity some traders who don't know what can possibly happen if they became an addict, they will be selling properties and some other things just to get what to use and trade and it can make one run mad because when trading, emotion is involve.
We don't need to use bad words for them since simple reminders that what they do is risky is I think enough for them to realize that what they are doing is actually risky.
If you use negative words that people can't digest for sure they won't understand your point and it might end up both of you fighting also defending those information what both of you believe is right.
Good discussion could open up something that caught up the interest of people on trading and
for sure they would get your point if you explain well together with showing your portfolio to them that you are doing good on your long term investment with Bitcoin.It seems to me that you are wrong here and I don't agree with you at this point, you don't have to explain much to them neither do you have to show to them your bitcoin portfolio that you are doing well to prove a point, everyone is entitled to their opinion and choices, you don't have to force yours on them maybe they can learn their lessons the hard way. Investment is for those that can be patient enough to allow their investment to grow over time, their are those who can not have this patient that is being talked about no matter what you do to convince them unless they decide to change by themselves.
Yep. We can spend time providing information to newbies, yet we can ONLY do so much in order to motivate them to do their own research and their own due diligence and for them to act in terms of figuring out how to buy some bitcoin and to start to buy it.
Sure, if someone is curious and they are asking a lot of questions, then maybe we might not mind helping them out more, yet there is also ONLY so much that we are going to be able to do, since they are also going to need to take proactive actions themselves, too... There are ONLY so many hours in the day that we are going to be able to help people, unless maybe we turn that into one of the activities that we are willing to do... yet even if we do a lot of hand-holding, there still are going to be action requirements from any one we are trying to teach and/or help.