Quote from: BD User on April 30, 2025, 07:57:23 AM

it is not very important for you to have a good cash flow in advance. Keep investing without delay and keep building the necessary funds or good cash flow at the same time.

How do you make discretionary income available if you don't have an income source that gives you regular supply of cash flows? And how do you sustain your consistency and commitment to your buying bitcoin for the moment without it? Of course you need a fairly good cashflow to be able to handle your expenses properly and have the remnant(discretionary income) for building your bitcoin portfolio and backup funds. You can continue striving to increase your income, so you can have a bigger cashflow available and from there you can consider increasing your aggressiveness in accumulating bitcoin.

Quote from: michellee on April 30, 2025, 01:20:08 PM

Quote from: Bitcoin.com97 on April 30, 2025, 08:40:22 AM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so there is no point of trading with your investment.

Yes, buy and hold for long period is advisable for us. We don't have to worry if the price is drop because that will be our time to buy back for more. Those people may not get the low price if he sell immediately when the price is down so he only regret of what he did. Besides that, the price can jump after the price drop and that happen many times in the market. So if you can control your emotion not to panic and analyze more, you will see the chance to buy back at a low price. If you really want to invest in Bitcoin, you don't have to think about that because you buy and hold and not sell.

There is no gain in spending much time analyzing the market to buy back cheaper as a committed investor, it makes no sense to even sell at all in the first place. Even if you have had success timing the market earlier, it just validates the fact that the person is a trader and possibly he might get his analysis wrong one day and end up with fewer coins than intended. It is always more profitable not selling and just remaining consistent and dedicated to your ongoing accumulation journey and instead of timing the markets to get in and out in order to maximize profits, calmly allow the compounding effect of bitcoin price appreciation on your investment to give you the profits you desire, while you strive to remain consistent and dedicated to your periodic purchases.