Re: Buy Buy Buy or Sell Sell Sell?

Bitcoin market is not stable, today it raises, tomorrow it falls. The most important thing is someone investing in Bitcoin to monitor the market, some people have the patient of waiting while some others due to fear when they see that the price is fluctuating might rush and sell, I will suggest we buy the idea of buying and waiting while we monitor the market. If possible monitor it when the price is low then you buy and hold.

If you are planning to invest in bitcoin, then you should have it in mind that you will be holding for a long period of time, so if you are having intention to hold for some period of time, then the current up and down in the market shouldn’t disturb you. If you are planning to invest, then just make use of DCA strategy, and start investing, you should know that bitcoin price cant be stable, and if you are planning to invest, then you don’t have to wait till bitcoin price is down before you going to invest, if you waiting for bitcoin price to drop before investing, then you might not really invest in bitcoin.

The only people that are suppose to be disturbed by the current movement in bitcoin price are the traders, but if you are a long term investor, then the current movement shouldn’t disturb you because even after buying bitcoin, you not really planning to sell the bitcoin soon, so before you sell, you will have been in good profit already.

We have to be prepared to invest in Bitcoin for the long term because otherwise, when you sell Bitcoin, you will be disappointed if the price of Bitcoin increases again. Although the price of Bitcoin fluctuates, there is a possibility that the price of Bitcoin will increase over time. It is better to invest in Bitcoin with patience.

There is no profit in preparing or planning for a long-term Bitcoin investment if you cannot start investing. There are many people who prepare before investing. But you do not need to prepare anything special when it comes to investing in bitcoin. If you have a discretionary income to invest, then that is enough. You can collect Bitcoin from that income regularly using the DCA strategy. Even if you do not have an emergency fund, you can start, but you can gradually create an emergency fund with some of your discretionary income. It can be done during the investment period.

You may be thinking of investing in Bitcoin by managing some more money and buying more Bitcoin later, but using such a strategy may make it more difficult for you to invest. If the price of Bitcoin rises, then you can get discouraged, which can hinder your investment. Therefore, without wasting time, if you have money to invest, you can start buying Bitcoin as soon as possible.

Preparing before venturing into Bitcoin is not prohibited or wrong and at same time it is not also compulsory that one should prepare everything before investing but anyone who can prepare and still invest will stand at a better and great advantage than someone who didn't especially if they are discipline and has a good management skill. And anyone who can not also meet if they wait to prepare first should start at least and they will sort out things while they progresses in their investment, preparation is almost same thing as foundation and there is nothing more important than having a good foundation because sometimes it determine the longevity of the investment.

What you are saying makes sense, as there is basically nothing wrong with preparing in advance. However, on the other hand, you should also understand that waiting is not wise either, because you will lose momentum and will be left behind if you continue to focus on the reasons for preparing things. For that you can start by buying the initial stage with the income you have, as @Muba20 said, as long as your discretionary income is available at that time you can start accumulating, we also have to realize that to understand Bitcoin in depth it takes a long time, not just 1 2 weeks, knowledge about Bitcoin is very broad, you can start learning it while continuing to accumulate your Bitcoin holdings.