Quote from: EarnOnVictor on Today at 05:19:27 PM

Quote from: Mayor of ogba on Today at 09:59:44 AM

Quote from: EarnOnVictor on March 19, 2025, 10:25:47 AM

Quote from: Mayor of ogba on March 15, 2025, 09:13:54 AM

I stand by my words and I don't care about what the two of them said earlier but about the contxet and the explanation I replied to. You can read it again, it's detailed enough for me to reply to that, it's your choice if you escalate it to many previous discussions. However, even if it were to be escalated as you said it, I still back the guy because everybody has their plan, so let them breath, it mustn't be our way all the time. If someone earned $90 as income this month and planned to use all in Bitcoin investment which will be spread over some period on DCA, why not? Do you know his savings and financial standing before the decision or what he planned to fall back at? Let's stop believing we can plan people's life and investment for them.

The problem with you is that you are too entitled to your opinion, and it has made you not to read meaning from what someone else is saying. If the discussion was about someone who has $90 as discretionary income and decided to invest the $90 in bitcoin with the DCA strategy across one month, it would have been better,
-rant edited out-

Oh boy, it's high time you shut it and keep your ego to yourself, see who is accusing someone of having a problem? Your own problem is not even from this planet, it's beyond. I don't know the matter with some of you, if you can't see things in my way and I can't see it in your way, then we maturely leave it. It's annoying and idiocy-inclined that you will always want people to yield to your view, "yield my feet."

I've stated my position twice, it can't change, so invest your Bitcoin your way and leave others to invest their Bitcoin in their way, it's not your f*cking money.

It is still dumb to suggest that most money should be held for buying the dip, especially, if we might consider the status of the person in terms of their number of coins. If they are no coiners or low coiners who consider themselves to be still accumulating bitcoin, then it is likely better for them to emphasize buying regularly such as DCA rather than buying the dip... so maybe they should be allocating 75/100 of their weekly amount for DCAing, and perhaps the other 25/100 for buying the dip.

Like you said, in the end people can do what they like, and if they see accumulation of bitcoin as their goal, then buying regularly seems a better strategy over waiting for dips that might not happen.. but yeah, psychologically some folks are going to feel better if they have some extra money available to buy dips if dips do end up happening.

Of course, another difference of opinion that you frequently express EarnOnVictor is your belief that a person who is accumulating bitcoin would be better off to try to figure out when there might be tops so he can sell and buy back cheaper.. which also seems to be a pretty bad strategy for anyone who is actually trying to accumulate bitcoin.. but yeah, you are free to continue to express your vague ideas of trading and/or thoughts that you can figure out dips.. which seem nearly impossible to figure out except after they already had happened.

Quote from: john_egbert on Today at 05:22:20 PM

Quote from: Stormisover on March 27, 2025, 05:28:43 PM

If actually Bitcoin is the subject matter then buying and selling within the period of one year apparently has nothing to be called anything related to investment but trading because one year is too short for your investment to experience the power of compounded value of your investment, a cycle which is four years would have been better to be described as a short term investment in my perception while four to 10 years or more can be called a long term investment.

5+ years is the golden standard for me, for example, but other than that, I agree.

No point in trying to make moves only after a year of appropriate hodling, because they probably wouldn't be there.

For an overwhelming majority of folks 5 years is likely too short, unless you happen to be old or you have health problems that justify you to get out of your bitcoin investment that early in the journey. The gains would likely not be very measurable.. as compared to letting your investment ride for a while longer.

It seems that 4 years or more of accumulation is one thing, but then another thing is potentially waiting another cycle before guys might be ready to start to cash out of their bitcoin, that is if they had already finished accumulating at some point earlier. since it would not make sense to go straight from accumulating BTC and then get into liquidating without some time in-between those two stages.

Quote from: Mayor of ogba on Today at 06:24:45 PM

Quote from: EarnOnVictor on Today at 05:19:27 PM

[edited out]

We are here to learn about bitcoin and how to arrive at a successful bitcoin investment without selling our bitcoin portfolio along our accumulation journey. So if I see a newbie who is investing in bitcoin in such a way that it will stop him or her from sorting out his or her daily expenses, or if I see a newbie waiting for a dip before he or she can start his or her bitcoin investment, I will not allow the newbie to go ahead and invest in bitcoin in such a way. I will guide the newbie on the right path to arrive at a successful bitcoin investment because that is one of the reasons we are sharing ideas here.

Surely there are a lot of newbies who gravitate towards trading and shitcoins ,so there is ONLY so much that we can attempt to do to stop them from their own bad inclinations, yet sure, I agree that we can try to share information with them regarding better bitcoin accumulation and/or management practices that likely will help to set newbies on a better course of action.

There surely are some newbies with a lot more experience than others, and surely EarnOnVictor portrays himself as having experiences, even though he seems to try to lure newbies into gambling and/or trading practices rather than the employment of more strict accumulation strategies that focus on buying and holding (and probably holding is something that might be done when running out of money and waiting for the next paycheck in order to buy more).

Quote from: Umulala-alala on Today at 09:31:46 PM

Quote from: Derekfunds on Today at 09:05:30 PM

[edited out]

You are correct about having your emergency fund and reserve, but not still having them at the initial stage shouldn't stop you from starting up your bitcoin investment if your discretionary Income is available for you can get started with your discretionary Income at first and then make provision for your emergency fund along the line since unforeseen circumstance will surely happen in the future run but what we don't know is when this unforeseen circumstance will take place.

You know that the idea of starting out to build a bitcoin investment and to simultaneously build emergency funds is to figure out some kind of a balance that the investor finds acceptable.

I have frequently suggested that the emergency fund and the bitcoin investment can be built at about the same rate.

Let's say that a beginner investor has a $30k per year income ($2,500 per month), and he is planning on investing into bitcoin at $100 per week, and maybe his monthly expenses are around $1,800, so really he ONLY has around $700 to work with for the whole month.

Maybe he already has about $1.5k that he tends to keep as a kind of cash cushion, yet he knows that if he is investing into bitcoin he is likely going to need more than the amount that he already has, so ideally he wants to work his emergency fund up to 3 months of his expenses (which is $5,400).. so he considers ways to build up his bitcoin investment and his emergency fund at the same time.. Maybe he considers that since he already has $1,500 in his extra cash funds, then those extra cashfunds have a headstart, so then he decides that every week he is going to buy $100 worth of bitcoin and put $50 into his emergency funds, so if he invests into bitcoin at that rate for a whole year, then by the end of the year he would have had put $5,200 into bitcoin, and his emergency fund would only have around $4,100 ($1,500 + $2,600), yet maybe he wants to try to match them, yet he knows that he has some flexibility that might likely relates to his own ways of thinking about which one is more important to build first.

The guy knows that the smaller his emergency fund, then the more potential issues he has that he might have to tap into his bitcoin at a time that is not of his own choosing, so he has to consider unwanted tapping into bitcoin as a risk that he wants to try to avoid happening... yet he remains on the right track if he builds his emergency fund and his bitcoin at the same time. He also might have other expenses that are somewhat discretionary that he wants to save for and these might not be emergency matters, yet he might have various kinds of reserve funds for these kinds of matters, such as a new computer, new phone, new car/motorcycle, taking his wife out on a date, buying a bicycle for his daughter, fixing a leaky pipe in his kitchen/bathroom and/or other kinds of expenses that might be quasi-discretionary, but still some of those expenses might be quite important in terms of his own personal priorities that might contribute to his well-being or even help to earn him more income in some of the kinds of expenses.