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An investor must know what is ahead of him as task to do in other to have a stress-free investment in bitcoin, this comes first by putting into consideration as many as possible of the things that needs to be done on different areas of investment, this begins with learning, years of experience, the capital needed for an investment, risk management factor, how to read the market and speculate, when to buy and when to sell or hodl.
You seem to be referring to trading rather than investing, since an investor does not need to know most of the things that you mentioned, except they may have to learn whether they have a discretionary income and then to make sure that they are investing within their discretionary income and perhaps that they are also developing and/or engaging in good cashflow management practices that likely includes having and maintaining back up funds.. and with hopefully an investment timeline that is 4-10 years or longer.
Another thing we have to consider being an investor is the kind , which we may wanted to be, base of our ability and what we see as possibility in achieving through, we may also want to consider our income source, things we do and the way we could secure most of other unproductive asset on the same investment opportunity, which we can buy and hodl when we see the indication to.
We are talking about bitcoin here, so if guys are confused about what they are investing into or if they might want some other investment, then they likely need to figure that out somewhere else. Surely anyone who already knows that they are interested in investing into bitcoin should be able to choose the size of their investment into bitcoin based on their level of conviction, and so if they are having bullish sentiments about bitcoin then they might choose to invest more aggressively, and if they are having a lot of concerns about whether bitcoin is a good investment, then they may well choose to invest a lot more conservatively (or more whimpily). Their choices about investing have consequences, and each person has to figure out his level of conviction regarding the level of his aggressiveness and whether to invest beyond bitcoin and cash (in the beginning), and surely if he spends years investing into bitcoin, he might choose to diversify outside of bitcoin and cash, and sure some folks come to bitcoin while already having other investments, so they might consider how bitcoin might fit with their already existing investments.
Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.
That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.
whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.
You seem to not know what you are talking about Loyang. In other words you are likely talking out of your ass.. just making shit up based on perhaps your wrong ideas about what you perceive to be valuable, so hopefully you can learn how to better understand bitcoin historically and even where bitcoin is at currently, so you might gain some better insight to where bitcoin is likely to go in the coming years.
Historically, bitcoin has been amongst the best of investments, if not the best investment, for anyone and everyone with discretionary income around the world. For example, maybe in 2016 a person might have bought a property with buildings and land for $1 million, and let's say that the property was a very good property, so it actually went up in value to $3 million or even $4 million today. That property would have had various costs over the past 9 years, so even if the guy can sell it for $4 million today, it had likely cost him quite a bit to maintain it and taxes.
The price of bitcoin in 2016 varied between $350 and $1k throughout the year, and so let's say that the guy had bought bitcoin for around $600 each in 2016 (instead of the property), then such guy would have had gotten 1,667 bitcoin, and so today those
1,667 bitcoin would have a 200-WMA value of about $78.5 million and a spot price of nearly $173 million.Where would have had been a better place to put and/or maintain value?
You are retarded if you believe that property is automatically a better place to put and/or hold value as compared with bitcoin.
Sure, the future is not guaranteed, so we are likely not going to have similar performance rates, yet I would think that it is a pretty good idea to consider bitcoin a better place to invest as compared with property, and guys are going to have to make their choices and live with the consequences of their choices.
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It is all thanks to you as well my leader. It is one thing to have a topic started, and another thing to have someone so dedicated as you dishing out your abundant wealth of knowledge generously to the benefit of all. I remember my first post here and how you quickly responded to my ignorance, and corrected me. Truth be told you made this forum more interesting for at my early stage. I won't be wrong to say that everything I'm doing right today as an investor, I learnt all from you.
Thanks for the acknowledgement, yet I still think that anyone learning has to be receptive to the ideas and has to test them (and adapt them) to their own circumstances without screwing up too much.. and, sure it is quite likely that each of us end up making mistakes, yet at the same time, if we are adjusting to our mistakes, then we should end up in even a stronger position (financially and likely psychologically, too).. which I am glad that you are feeling like you are putting yourself in a stronger position..
By the way, your forum registration date is ONLY about a year and a half, so many of us feel so good when the BTC price is going up, and we are feeling like we are in profits, which is part of the reason that many of us need to make it through a whole cycle to find out how we handle the ups and the downs and to see where we are at after a whole cycle.. and surely we even need more time, since many times making it through a whole cycle is not even enough to really feel that we can stop accumulating bitcoin or even to change our bitcoin accumulating strategy (which is hopefully mostly focused on ongoing buying) in any meaningful way.