Re: Buy Buy Buy or Sell Sell Sell?

Ok, I will make it simple.

I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.

At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.

Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.

Hmmm base on the time you started am pretty sure you have gotten some nice amount of bitcoin now due to the price range then , and the fact you are still accumulating is just nice too . I wish I’d started mine that early too may be i would have gotten far in my bitcoin compare to now , am still kinda proud at my recent bitcoin stack but i still have long way to go that’s why am not thinking of stopping my bitcoin accumulation any sooner .

I believe with time I will get there ( the point of having enough bitcoin stack ) , but for now all I got to do is to keep accumulating.

Quote from: Yoona_As on Today at 09:22:33 AM

When the Bitcoin market faces a big dump, many people sell it and later regret it because many experienced investors invest at that time. People in almost all regions know that Bitcoin is the most expensive currency within the cryptocurrency. So in my opinion, you can never expect the price to increase for investment because when the market falls, you will not lose money if you consider it as a discount and invest.

Yeah the weak hands will always sell thinking they are playing it smart in order to buy again in cheap rate the truth is that they are only showing that they don’t actually know how bitcoin works , though some certain external events can affect the price of bitcoin but still can’t control the movement of bitcoin, so bitcoin can surge at the moment you selling at loss thinking that the price will go down more or rather dip further.

The idea of selling to buy back is a product of Many factors. Most times you see it among those who were
Wrongly introduced into bitcoin investment. The truth is that having the wrong knowledge can mal all your efforts in bitcoin investment.

Take a look at the present bitcoin status, you will get to understand that there's no verified Dip in bitcoin. Bitcoins volatility is the secret and driving force. However, some traders get to change their mindset and focus on investment after series of losses a d when they do, the make the best version of investors.

I don't think that this is true, am talking about the bold words in your statement, a trader will always be a trader, even though he or she start investing after a series of losses, he will be unable to hold for long because the urge to sell for minimal gains will still be there.
Or do you think that a former trader will not sell his holdings if Bitcoin is at $109k when he actually bought it at $50k?
Though change is constant, and he can change, but it would be extremely difficult for such fellow not to sell for minimal gains anytime their is a sharp increase in value of Bitcoin, because the urge for quick profit will not just die overnight.

Then lastly, that idea of selling to buy back is a stupid idea that should be avoided by all means, because thinking that you can outsmart the market is one thing that makes traders to lose money or miss out on so many buying opportunities, because the market is too unpredictable to be selling off the little you have acquired, when you should be buying and adding more to your stash.

I disagree with you saying that a trader will always be a trader, there are those that came in to Bitcoin as a trader for short term profit maximization while at some point they gain profound knowledge about the market that change their narrative of realizing that it is more profitable over the long term, less risky and accommodating compared to trading for short term, both trading and investing are mindset which can be change, my point is that a trader can become an investor and there no point doubting about it because it is a reality.

Well said , yeah there are some folks that switch from being a trader to become a bitcoin investor ( especially those that trading wasn’t working for them ) , while they are some doing both , but still I won’t advise anyone to trade with their bitcoin rather accumulate more.

So there are some skill traders who are also into bitcoin investment because they also see the potential in it , the reason why investing is preferable is because anybody can do it while trading not everyone can do it even when one have a lot of capital to start without any knowledge , it may only lead to waste of valuable resources.

Quote from: Bitcoin.com97 on Today at 03:28:36 PM

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

Welcome , well all you have to do is to be active in this board and you will surely understand how bitcoin investment works and I will also urge you to do your own research while you learn here , but at first forget about the sell part Cheesy

and focus in the buying part .