Re: Buy Buy Buy or Sell Sell Sell?

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin. There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up. Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.