Quote from: Humblevirus on Today at 02:59:36 PM

Quote from: Derekfunds on Today at 09:04:17 AM

[edited out]

I think you are the one who is not getting it right. All they are trying to say is that someone should not wait to have a large amount of money before starting Bitcoin investment. They are saying that someone can start with any amount of money, and that can also earn you profits. However, if someone is looking for big profits in Bitcoin investment, they need to invest a significant amount. That is how it works. You don’t expect someone who invested $500k in Bitcoin and someone who invested $20k in Bitcoin to make the same profit after holding for 10 years.Musapk is encouraging people to continue accumulating Bitcoin using the DCA (Dollar Cost Averaging) method if they don’t have a large amount of money to invest all at once. So, I don’t think Musapk is talking about trading. It seems like you are the one who doesn’t clearly understand what Musapk is saying.

It is likely a fair reading of Musapk since he seems to like the idea of lump sum investing and frontl oading the investment into bitcoin.

I personally think that lump sum and/or front loading tend to be better when supplemented by DCA, yet surely I can understand that there are likely some situations in which lump sum and/or front loading are more practical.

Quote from: dimonstration on Today at 03:32:18 PM

Quote from: JayJuanGee on Today at 02:57:14 PM

Anyone who is new to bitcoin and who is trying to invest 4-10 years or longer (rather than trading) should be attempting to focus on ongoingly buying bitcoin rather than fucking around trying to figure out which way the price might go and/or if he might be in a position to realize profits. You may well be in the wrong thread if you are talking about trading rather than investing into bitcoin through ongoingly accumulating it.. through buying rather than selling.

First time to enter this thread mainly because I always focus on gambling and leave my Bitcoin holdings to my hardware wallet without looking on it for a long time.

The level of dedication here on buying the and hold is too encouraging especially for newbie that recently purchased that seeks the support for fellow Bitcoin holders like us with solid balls on holding no matter what the adversities Bitcoin facing.

Trading Bitcoin is like gambling your golden ticket to success since you might left behind once you sold while the price keep pumping just like the weak hands buying a low price that never buy back because they are waiting for the price to reach again their selling price.

Ongoing buying whether on the dip or not seems to be a good practice, yet there are quite a few guys who get to a certain quantity of bitcoin and they wrongly start to conclude that they have a enough or more than enough bitcoin.. and surely none of us can decide these kinds of balances for another member. In other words, each of us is responsible for our own bitcoin holdings including making sure that we have enough and/or more than enough.

Once we reach a status of enough and/or more than enough, then more options will tend to open for us.

Quote from: ejikeme24 on Today at 03:36:55 PM

Quote from: JayJuanGee on Today at 02:57:14 PM

Anyone who is new to bitcoin and who is trying to invest 4-10 years or longer (rather than trading) should be attempting to focus on ongoingly buying bitcoin rather than fucking around trying to figure out which way the price might go and/or if he might be in a position to realize profits. You may well be in the wrong thread if you are talking about trading rather than investing into bitcoin through ongoingly accumulating it.. through buying rather than selling.

You're very correct sir JayJuanGee when you said that anyone who is trying to invest 4_10 years should be attempting to focus on ongoingly buying bitcoin, and of course that's the real fact instead of waiting for the price to dip before they will think of buying bitcoin. Sometimes I keep wondering why most investors still get bothered when they already knew that the market is decentralized, Which means that no one have control over it even we the investors don't have any right to decide how the market will go. This is why we don't need to waste our time in trying to control the market, if all the low coiners will understand this definitely there won't be any challenges when investing in bitcoin.

I am not sure if better knowledge about decentralization is going to be helpful in regards to trying to figure out short-term BTC price movements, since there surely are ongoing attempts to manipulate bitcoin's price, and there is likely even periods of short-to-medium term success...

Individuals frequently fail/refuse to get started and frequently presume that they are too late, so it can be quite difficult to inspire newbies to take further actions such as looking further into bitcoin and/or engaging in a practice that involves getting started accumulating bitcoin, even if the starting amounts are relatively small in comparison to their potential budget and/or discretionary income levels.