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 .
The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.
There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.
If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.
To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.
Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.
But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses the need to buy and continue to buy and hold for long .