Quote from: Doan9269 on May 06, 2025, 10:16:13 AM

Quote from: JayJuanGee on May 05, 2025, 07:31:24 PM

Quote from: Doan9269 on May 05, 2025, 06:39:51 PM

Have you being considering on buying bitcoin, then take into consideration these few advise.

Have a designated fund for your investment and ensure that you don't rush to invest, instead find a suitable entry point and buy the dip, additional, you can use the DCA strategy if you think its more convenient for you to buy steadily and not at once

If you are a low coiner or a no coiner, it is better to get started right away. So yeah, that could be considered a rush to get started right away.

That's true, the starting point is now and we can just apply DCA to accumulate gradually as we have our inflow of income and taking advantage on buying the dip, but at the end, we should be able to hold for a while in other to make more profits after our investment had been made.

Personally, I don't see any reason for newbies to be focusing on profits, since it could take 4 to 10 years or longer to establish a position, unless they able to front load their investment.

Bitcoin is amongst the best, if not the best investment available, so I am not sure what purpose is achieved by attempting to trade it rather than merely accumulate it until arriving at a point of overaccumulation.

Quote from: Doan9269 on May 06, 2025, 10:16:13 AM

Quote from: JayJuanGee on May 05, 2025, 07:31:24 PM

You, Doan9269, are barely reaching your first whole cycle of being registered on the form, and perhaps you were able to reach overaccumulation status, if you had frontloaded your bitcoin investment. Otherswise, I doubt it. You likely are still needing to accumulate bitcoin, so your inclination to describe trading tactics is likely not only appropriate for most beginners, it may also not be very applicable to your own personal financial situation, either. Of course, I cannot know your particulars, so it could have had been possible that you were able to significantly front load your bitcoin investment and to get yourself to a status of overaccumulation. Perhaps? perhaps?

How do you know Jay, i must admit that you're a seer in this regard, because your many years of experience has helped a lot in developing even foresights to know the actual condition on investment and stages we all might have been on this altogether,

I cannot really know your personal situation beyond what you post, yet I think that I am accurate in my presumption that an overwhelming majority of the world's population is either no coiners or low coiners, and even guys who have been investing into bitcoin for a while may end up being low coiners without realizing it.

Unless you either tell me or give me some information to help me to conclude that you are not a low coiner, then I think that it is safe for me to presume that you are a low coiner... and even if you are not, most of the members reading and/or participating in these bitcoin investing and/or trading related threads are more likely to be low coiners who are still fairly earlier in their bitcoin accumulation journey and they have not reached a status of having enough or more than enough coins.

If you give me some kind of an indication that you are no longer in accumulation stages, then I have no problem going by what you say in regards to your own situation, yet I think that it is still safe to presume that an overwhelming majority of guys participaing in these bitcoin investing and/or tradging threads are more likely to be lowcoiners who are still fairly early in their bitcoin accumulation journey.

Quote from: Doan9269 on May 06, 2025, 10:16:13 AM

but from here, i think i have learnt a number of things and be able to start from the little i could as i accumulate, because the future ahead will have to depend on whatever thing we invested on today, thanks to Satoshi for bringing this initiative and this thread for enlightenment whereby so many have utilize it well for what they have today.

For sure, many of us are lucky to have been able to have had been introduced to bitcoin, to be able to be learning about bitcoin and perhaps even to be investing into bitcoin (accumulating more and more satoshis), and so there is a lot of the world that is not busy accumulating bitcoin and they really don't realize that they should be accumulating bitcoin since more and more rich folks, institutions and/or governments are becoming aware of bitcoin and figuring out ways to start to accumulate bitcoin... so a lot of normies are going to end up having to buy bitcoin at prices that are much higher than the prices that we currently have available to us, and so we should consider ourselves to be lucky if we have learned enough to be focusing on accumulating bitcoin during these times and not to be fucking around and taking chances on selling bitcoin with the possibility of buying back cheaper, when the price might not go sufficiently cheaper in order to make any difference and/or to help us out in the event that we can figure out that we are going to be much better off to be attempting to be focusing on ongoingly accumulating bitcoin through buying and not to be employing risky selling strategies in regards to how we deal with our building of our bitcoin stash.

Quote from: Doan9269 on May 06, 2025, 10:16:13 AM

Quote from: JayJuanGee on May 05, 2025, 07:31:24 PM

Quote from: Doan9269 on May 05, 2025, 06:39:51 PM

Also, consider that you have made the right decision in going for bitcoin and choosing of a non custodial wallet for your holding, avoid fear of unnecessary demand, fear of missing out , because they can push you into making a hasty decision on selling when it is not yet time to do so, therefore its important we develop a more thicker skin as investors as the market reacts on many things happening around.

One way to avoid sensations of fear of missing out (FOMO) is to ongoingly buy bitcoin... any guys who are insufficiently/inadequately preparing for up run the risk of putting themselves into a situation of experiencing FOMO.

You're right, how many are interested in bitcoin and still have the tenacity of withstanding the rigorous challenges while still holding.

I think holding and continuing to buy.. .and continuing to buy is likely one of the better things to do to continue to reinforce the practice of accumulating bitcoin until reaching a status of sufficient or overaccumulation.. which surely I think will take many normies 4-10 years or longer to reach such status of overaccumulation unless they are able to either front load their bitcoin investment or perhaps to be able to invest into bitcoin at high levels of their income.