Long-term investment is not by buying and holding dips, you have to save regularly then it will be parfect investment, for you especially for Bitcoin investment. If you consider risk, it will be in the investment from any side and Bitcoin investment can be considered as a quantitative reduction from it.
It cannot be a statement that long -term investment is not through purchasing and holding. I believe that the prerequisite for investment is saving, i mean creating a source of income. If we can gather what we need before investing, then we can become investors by buying and holding for the long term. Moreover if you initially think that long-term investing does not involve these issues, then you are still living in a bit of a dilemma. Quote
The loss aspect of Bitcoin depends on your investment strategy, for example,
It is true that Investment strategies can never cause losses from Bitcoin but rather on the lack of timely decisions and the fact that the investment was made for a short term. Everyone know investment strategies can always be different but I think all strategies have one thing in common: they have to last a cycle or two because we historically see Bitcoin revealing its new price in every cycle. To my knowledge bitcoin has completely made history in this 2024 cycle.
You might be correct about bitcoin making history, especially since each halvening has some differences from previous halvenings.. including that the 2024 halvening had an ATH that came before the halvening, and then sure we also got some new all time high after the halvening too that started to be pumped between the November 5 USA presidential election and the January 20 inaugeration... at least so far.
Another thing is that your included chart is also outdated, and even though the Cointelegraph article that cites such chart was updated in December 2024, it still left the chart as if the price 150 days after the 2024 halvening was still unknown, when it was not.
There have been about 343 days since the April 20, 2024 halvening, and September 17, 2024 would have had been 150 days after that halvening... and the BTC price on September 17 was in the ballpark of $58,211.
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The story you are trying to tell may be a true but those kind of situation are always rare because I haven't seen someone I mean an investor, that will sell his or her investment because they don't have an heir, to me it doesn't make sense talk more of to be true because over the years I have come to realize that wealth are not always enough mostly for an investors, they hardly stop investing because they feel they haven't invested enough and investment is like a lifestyle to them so whether they have an heir or not they won't stop because they will love or like to maintain their status.You are just making shit up Derekfunds.
People have all kinds of ways of treating their wealth, and the mere fact that you have never heard about anyone who spends his wealth or discontinues trying to accumulate it just means that you are lacking in experiences yet still trying to proclaim that you understand what people do with their wealth accumulation based on your seemingly limited perspective.
Talking about the risk involved investments, it is not a new new thing because life is full of risk it self, so as a good investors one should always have it in the back of his mind that there are two things that is common which is losing and profit, which i see that, the losing aspect of Bitcoin is very rare once you make use of buying the dip and hold in a longer term investment, so we should risk to win because it is only those investors that is not afraid of the risk involved in Bitcoin that is making it bigger, so is good to risk to win.
Even if investment has to do with some risk it doesn't make sense for one to just go into any investment without trying to avoid risk. For me I think their are no risk involve in bitcoin if truely you know what you are doing. If you are buying bitcoin to hodl with amount you can afford to lose, no matter the price at which you are buying bitcoin, I don't think you are taking any risk so far as you are targeting to go for a longterm investment. Risk can be only when you are not sure if you can be able to go for longterm and investing with the money that you can't afford to invest in bitcoin for the future. You may be correct to have some level of confidence in bitcoin and in your approach to bitcoin, even though you seem to be perverting the expression of not risking any more than you can afford to lose.
I agree with the idea that bitcoin is a solid investment, and that there are a lot of ways that each of us can take measures to make sure that we are not overly emotional about our investment, and so perhaps in our first few years of investing into bitcoin we are potentially going to be more nervous about whether we are in profits or not.. yet the longer we invest, the more likely our bitcoin holdings will be in profits, so long as we had been erroring on the side of buying and holding and we were not fucking around with trading.
I still think that we have to be prepared for possibilities that our bitcoin investment might not play out as anticipated, yet sure we can adjust our position size in order to account for the various possibilities.. and so I think not investing more than what we can afford to lose is part of that framework - even if you seem to be thinking that your investment into bitcoin is somewhere close to guaranteed. that does seem like a problematic mindset from my perspective.
Waiting does not tent to be a good investment strategy, unless you already have a lot of BTC... Of course, you have likely been accumulating BTC since 2016, so perhaps waiting might work for you, even though it still might not be a great strategy if you have not reached enough BTC and you are still considering ways to accumulate more BTC... which accumulation of bitcoin seems to be your stated goal when you are saying that you are considering selling stuff to be able to buy more bitcoin.
Waiting will only give me regret. Because from my experience while waiting for the bitcoin price to dump, I actually threw away the opportunity to continue adding the amount bitcoin I wanted. While we never know when the lowest price bitcoin and in the end regret will come when we only wait for a cheap price but it turns out that the BTC price goes up again.Will not waste that opportunity again before bitcoin reaches $ 500k will continue to buy every week and do not care about the price. Because I believe bitcoin will reach $ 500k or even $ 800k in the future.
You seem to be suggesting that you made mistakes in the past, and sure I can see that you have been registered on the forum since mid-2016, so you would have had opportunities to stack quite a bit of bitcoin in the past nearly 9 years.
What you planning to do when bitcoin reaches $500k, $800k or some other price in those territories? Are you selling? or something else?
And, sure about what you plan to do, since you have been registered on the forum since mid-2016, you might have had already been accumulating bitcoin for nearly 9 years... so maybe you are getting to a point that you have enough bitcoin? but still? it is good to have some plans for what you are considering doing? You seem to be continuing to accumulate by buying, and you had not accumulated enough in your earlier years registered on the forum?
One of the fortunes that many of us have in regards to bitcoin's specific history, is that if we had been consistently, persistently and ongoingly accumulating bitcoin for more than a couple of cycles, then even if we had not been very aggressive in our bitcoin accumulation, we still would have had been able to stack sufficient quantities of satoshis as long as we focused on ongoing buying bitcoin and not trading with our stash and not fucking around with shitcoins.
Sure, some guys got started in bitcoin later than their forum registration date, and sure bitcoin's future appreciation rate might require guys to stack for 3 or more cycles rather than the luck that many current forum members have had who had been able to stack for the most recent two bitcoin cycles or longer.
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@Onyeeze, ideally investors don't want to buy Bitcoin when the price is very high (at the peak) unless the person is just DCAing, but the reason why many people rush in to buy at such high price meanwhile they are not DCAing is because of the fear of missing out, they thought that price will keep surging high and they don't want to miss out from the profit they will get once they buy and see price shooting to the sky. Knowledge is power and for someone that possess a precise knowledge of Bitcoin, they will invest properly and not chase after quick profit knowing how volatile price can be. While investing in Bitcoin, work with a plan, budget and target. There could be more things to consider but primarily, when you have a planned investment you will not be victim to FOMO or some other challenges, when you have budget for allocation you will know how to invest that will not cause you to lose your sleep seeing that price is not shooting and when you also have a target, you will stand more firm in the direction of your investment. For example, you target can be to sell at a certain price and no matter what it takes, you will hold till that price.
I suppose I really don't have anything wrong with the idea of having a targetted selling price, but it does seem a bit short-sighted when it comes to bitcoin to be just considering bitcoin as a trade.
I otherwise agree with your post to the extent that it seems to be suggesting that ongoingly buying bitcoin has good chances to help to prevent feelings of FOMO. FrequentlyI think that if guys spend 4 years or more consistently buying bitcoin, they are going to end up relieving any sentiments that they did not buy enough. So part of the reason to prepare for up by ongoingly buying is so that you don't feel any panic during those times that bitcoin prices go shooting up.
Sure, bitcoin's price is not guaranteed to go shooting up, but it is not guaranteed not to go shooting up either...and historically we have had a lot of times that bitcoin's price has gone shooting up, and bitcoin's current investment thesis is not any weaker than it has been historically, and even the way bitcoin behaves on the market is not really any different from its history, even though the players (of financial institutions, governments and/or rich people) who are interested in bitcoin are getting BIGGER with the passage of time.