Quote from: Doan9269 on Today at 06:48:03 PM

Quote from: Eternad on Today at 04:09:55 PM

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Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.

You, Doan9269, seem to be describing a trader mindset rather than an investor mindset, since with an investment that might be a timeline that is 4-10 years or longer, and yeah, perhaps 10 years or longer is a better way of thinking about it since the lower timelines of 4-10 years might only have legitimate reasons to get out of the investment for health and/or age reasons.. Otherwise maybe 4-10 years might be considered to be bordering on trading rather than investing.. since an investor might take many years to establish a bitcoin position, maybe even 1-2 cycles just to establish a position, and then maybe if the investor takes 2 cycles to establish a position, he might spend 1 cycle waiting before transitioning into sustainable withdrawal stage... That would add up to 3 cycles in total, which may well bring many investors to needing to plan 12 years or longer for their bitcoin investment.

Profits might not be a central point of concern for a longer term investor, and they might even be assumed the profits to be down the road, even though they are not necessarily thinking about profits during the short term, and over that longer period of time, the value of the BTC holdings may well have had compounded several times (meaning doubled in value upon itself several times over the period of the investment.. so in that sense profits might be assumed to be likely, even though not guaranteed).

There are so many guys who cannot get their heads around thinking in terms of getting in and out of the investment, that they might not be able to appreciate ways to live off of their investment and to put systems in place to sustainably withdraw from it...

Of course, this thread is not just about investing, so yeah, there are guys who may well just want to get short-term dollar values off of their bitcoin, so they think about their goals in those kinds of ways to make short term profits, which seems like a more challenging way to either accumulate dollars and/or bitcoin, and given bitcoin's history, it can be seen that the bitcoin accumulators have tended to fare better than those trading bitcoin - especially if we are looking at guys involved in bitcoin for 2 cycles or longer.

Even though past performance does not guarantee future results, I still consider the erroring on the side of accumulating bitcoin through ongoing and persistent buying and/or holding when you run out of money to be amongst the better of strategies to build a sufficient enough bitcoin stack size that can later be used to live off of... and of course, if guys reach a point of overaccumulation, then they are able to sell from the overaccumulated amounts.

For example, right now given some possible caveats 17.33 bitcoin would be a threshold level to be enough to provide for a sustainable $80k per year income off of the bitcoin, and so for sure if the guy has overaccumulated beyond 17.33 BTC, then he can have more confidence in regards to what the 17.33 BTC can do, yet he could also figure out ways to just spend from the overaccumulated portion of his holdings, so that he is always keeping in mind how many bitcoin it takes to be at his threshold income level, and so then he just make sure that he does not spend into that amount to bring his BTC lower than the threshold amount. Another thing is that in 4 years (or perhaps less), it will only take half as many bitcoin (such as 8.665 BTC to be able to achieve that same level of $80k per year income in today's adjusted dollars).

Guys have differing investment goals that relate to a timeline that they would like to sustainably live off of their bitcoin, and surely the income level that they would like to achieve differs from person to person, too... yet there are ways to think about bitcoin in terms of sustainable withdrawal rather than in terms of trading and/or profit sorts of frameworks.

Quote from: Scarlett_23 on Today at 07:04:10 PM

Quote from: Churchillvv on April 24, 2025, 07:05:11 PM

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Entering the market is more important than finding the right entry price. Because at any price, if one cannot enter the market, he will not be able to understand the good and the bad. As the saying goes, "Something is better than nothing". No matter the price, if one can enter the market with some money, then at least some profit can be made if the price rises, and later, when the price falls, there will be an opportunity to buy.

You are correct Scarlett_23 that enterring into the market is better than try to strategize an entrance, yet you presume selling and being able to buy back cheaper, which is a whole other set of presumptions, and likely is an inferior practice as compared with a person who focuses on accumulating bitcin throough ongoing buying, and who does not presume an ability to buy back cheaper by selling.

From my perspective it remains quite risky for anyone who is aiming to get more bitcoin to be presuming that he would be able to sell his bitcoin in order to buy back cheaper and that he woudl end up with more bitcoin by employing such a selling strategy rather than staying focused on buying bitcoin consistently, persistently, ongoingly, regularly and perhaps even aggressively until he reaches a status in which he could conclude that he had overaccumulated in the quantity of his bitcoin.

Quote from: Scarlett_23 on Today at 07:04:10 PM

Again, the risk of investing in small amounts is low, so there is less pressure for fear of losing money. If the money allocated for investment in hand can be continuously invested even in small amounts, then there will be some profit from it if the price rises, and if one's own money is in one's own hands, there is no possibility of its growth.

This part is true... A person needs to be invested into bitcoin in order to profit from its likely future appreciation, and even though it is not guaranteed that bitcoin will go up in value, it still seems to be a pretty good bet that it is more likely to go up rather than down, especially if our plan is to hold it for at least 4-10 years or more. Another thing is that there are other possible places to hold the value, and surely cash is more likely to continue to be debased and to therefore go down in purchasing power, yet at the same time, some folks might be lured into various other places to invest besides bitcoin, so it may well be a worthy cause to study bitcoin while investing into it in order to hopefully gain confidence about bitcoin being amongst the best of places (if not the best?) to put value, even though it is not guaranteed that it will go up in value... it is still a good asymmetric bet which means that if you do not employ leverage, then the most that you could lose is 100%, but there is also great upside potential, too.