Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tonimez
on 14/05/2025, 11:28:07 UTC
It is never right to invest to show others or to convince others. Investment is for your own future. For example, if you have a goal that when you are old and have no source of income, you can withdraw some of the profit from the investment and make your life easier. Whoever wants to do what they want with their investment. But investment should never be to convince anyone.

When those who want to invest are aware of Bitcoin and are aware of Bitcoin's past, are aware of the Bitcoin network, etc., then I think they will make the decision to invest voluntarily.
Investing to prove a point is quite a pitiable kind of investment for so many reasons. It may lead you into investing sooner than your DCA turn or investing above your Discretionary income at the moment. Whichever way, it is not healthy for your bitcoin since any of the above can lead you into losses due to panic sellers to attend to an emergency situation and live below your standard until your next pay.
Yes, that is our secret that we need to keep for ourselves and showing to others will just make us in a problem. The investment will help us in the future especially if we are getting old and no resource of income.

And with Bitcoin investment, we can start investing with a small amount and hold for some years or long term. With accumulating more Bitcoin using DCA method, we can add the amount gradually so we will see the value will increase following the price moves. We can choose different ways to prepare our future and we choose Bitcoin as the investment long term.
Treat bitcoin wallet the same way you would treat your local bank account balance. Security threats could emanate from unwarranted showing off of bitcoin stash at anytime. This is because the world is evolving and almost everyone knows the worth of 1bitcoin. Allowing people access to your bitcoin balance could assign a kidnapping value to you which when you finally get into the wrong hands, you will be forced to sell off or liquidate your wallet as ransom. Your bitcoin stash is supposed to be your personal life and should be guided jealously no matter how a newbie decides to cajole you.
There is no need to show or tell investment profits to others just to prove or convince someone because there will be negative impacts that are not expected to happen unexpectedly, it is better to keep it a secret to avoid unwanted things. We invest for ourselves and also for our families and maybe only they know and that is if you want, I mean your wife if you are married with the aim that they understand so that it becomes a routine and also provides support to always remind you to continue making purchases routinely with the DCA method and continue to accumulate so that in the long term your ownership will increase and develop which will produce much greater profits and will make your family life happy in terms of finance.
There are some doubting Thomases that would never believe in bitcoin even after showing them your proof. So why would you risk yourself and your assets to convince someone? Your family could be aware, but it's still not a right. In one way, to avoid loosing your investments in the event of death or some unforeseen circumstances, it would be advisable to have a diary, with your details and login in addresses. The Diary should contain all your financial records and their possible login hints. This would be made know to only not more than one person who you can easily hold responsible in the event of fowlplay. You could make your wife to know the availability of such Diary and then limit her from accessing the contents. Families sometimes raise their expenditures when they feel you have more than enough. Limiting that knowledge from anyone could save your finances beyond expectations.