Quote from: Loyang on August 14, 2025, 05:35:04 PM

Quote from: Gentle_Soul on August 14, 2025, 12:09:31 PM

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Selling your holding before the expiry date will not be the right decision. If your expiry date is over, you can withdraw some amount of money and enjoy the profit, but withdrawing the entire amount of money just because your investment has expired will never be the right approach.

Bitcoin investment has no expiry date or I guess you intend to say accumulation target or over accumulation. Every bitcoin in your account is an asset and an asset is characterised by continuous appreciation. You can buy as long as you have the means always. Having an accumulation target is only a first drive to being consistent in your your bitcoin accumulation stage. After reaching your accumulation target, you are not obliged to go into selling your bitcoin immediately either wholly partly especially if you were able to achieve that when you are still in active service or when you still have a means of income.

At this stage of over accumulation, you may wish to rest, relax and improve your life better by relieving yourself a bit from your regular bitcoin DCA allocation. At this point, it is advised that instead of selling your bitcoin, you can reduce your DCA allocation and/or reduce your DCA frequency by extending the time before the next DCA day. This will allow you have more available cash from your basic income to have more treat on your own.

If you have to start withdrawing your bitcoin, you will be careful not to sell off all your bitcoin or sell of more than you need at that time. You can use the sustainable withdrawal method described by @Jayjuangee to help you regulate your withdrawal - accumulation frequency.

Quote from: Jostern on August 14, 2025, 06:16:36 PM

Quote from: Gentle_Soul on August 14, 2025, 12:09:31 PM

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Everytime is a perfect time to buy Bitcoin, considering that you’ve a discretionary income in your disposal after paying for all your expenses, you can always buy bitcoin anytime you want to in a more convenient way when you have a discretionary income which is just what you need and require to start investing and to continue accumulating bitcoin alway, there is no point trying to know when to buy and sell which is quite possible anytime is good to buy using the DCA method to always buy and accumulate bitcoin always, what you should be thinking about should be your financial management and providing other financial plans to boost and increase your discretionary income and accumulate consistently instead of thinking about when to sell, you shouldn’t even consider making profit because you could be far away from that.

Yeah sure, it is not a good practice to think that there's a right time to invest in bitcoin as bitcoin can be compared to time, it does not wait for anyone. Just like you mentioned, having an available discretionary income makes it the right time to invest. It does not matter what price it is on the chart what really matters is introducing that amount you can spare into bitcoin investment and allowing it there to stay for a long time. In order not to worry about whether it's the right time or not, it is advisable to set your DCA approach to a bearable amount and time whereby you would not be financially stressed to the point of selling off your bitcoin stash due to responsibilities.

As an investor, you have to place your basic responsibilities at the top of the list in order to also have the relaxed mind to invest in bitcoin. In the principle of saving, you don't save what is left after spending; you spend what is left after saving. But this is not same with bitcoin because if you decide to invest in bitcoin before attending to your basic responsibilities, you maybe forced into selling off part of the bitcoin to compensate for the once your remaining money could not do and also, if you invest before attending to your responsibilities, you may not properly develop your emergency funds and back up funds and this too will affect your HODLing ability. So the best practice is, Responsibilities first and then bitcoin investment next. You don't need to worry about bitcoin price or wait for dips, bitcoin is still always cheaper than its next price so buying now it the best you can do at all time.

Quote from: Obulis on August 14, 2025, 06:32:47 PM

Quote from: mich on August 11, 2025, 04:32:50 AM

Well we are seeing some very big gains right now. So I will not be selling any of my Bitcoin.

We are very close to a new all time high and I do think that will be very soon. So for now we should buy some cheaper sats before we do see a new all time high.

https://decrypt.co/334418/bitcoin-price-all-time-high-traders-await-key-inflation-data

Knowing about this is a big news!! Bitcoin have a strong momentum, and with a new all-time high approaching,..holding is smart.. That means any Buying now is at cheaper sats which is a great move before prices increases. Great encouragement for DCA - let’s ride this wave and multiply profits. Very interesting period ahead for Bitcoin holders!
Like the article in that link stated in quote;
"“There’s still plenty of fuel left for this bull run,” Sean Dawson, head of research at on-chain options platform Dervie, told Decrypt. Bitcoin is expected to hit “$150,000 before the end of the year,” based on volatility data he added."

Bitcoin is always cheaper as at when you decide to buy and that's why you don't have to wait before you start buying. Bitcoin is progressive, though volatile and everyone is supposed to take note of that because if you don't take note of that, you may think you are waiting for dips only to buy at a higher price next time. Whenever you have a discretionary income, you buy! Every speculation about bitcoin could be true or false, the time bound predictions could also be misleading. So if anyone decides to stop get aggressive not because he can afford to do so or because he has an available extra discretionary income, if he decides to get aggressive because of a time - bound Speculation, it may be very disastrous when it doesn't happen the way you thought it would happen.

Bitcoin is a good asset and it has a higher profit index than losses. If you can maintain your DCA approach and intermittently make some aggressive buys when you have extra cash or reduced responsibilities, you would be able to accumulate without high hopes that comes with a time bound mode of investment. So I will advise that focusing more on what you can acquire is more profitable than what gain you intend to make out of bitcoin within a timeframe.

Quote from: ejikeme24 on August 14, 2025, 10:09:12 PM

Quote from: Derekfunds on August 14, 2025, 07:57:01 PM

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Every beginner should focus on the ongoing buying of bitcoin instead of engaging yourself into monitoring the market because majority of the beginners that was going with this practice end up selling thier holdings in the middle of thier accumulating journey due to panick, As they can't withstand the pressure so to avoid putting yourself in this kind of pressure I would advise you just Stick to your weekly/ monthly buying of bitcoin and pay less attention to the market condition until you reach your investment goal that's if you don't want to be trapped in the middle of your accumulating journey just like other guys.

You are very correct. Some beginners have fallen into this trap for a long time due to panic. As a beginner, focusing on your DCA allocation is more important than the price of bitcoin. The good thing about bitcoin is that you buy what your local fiat can get at all time, it's not a do or die affair where you are bound to buy a specific amount of bitcoin. This means that you can buy your bitcoin regularly according to your income and not over doing it. You can get to your bitcoin goal with time but you cannot get there by monitoring the charts always.

Quote from: JayJuanGee on Today at 12:30:46 AM

Quote from: Lolipo on August 14, 2025, 02:39:24 PM

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Well, it is good that you got started since it is important to build up your own investment timeline, and it can take guys a real long time to build their bitcoin investment, unless they are able to front load their bitcoin investment, and even if they are able to front load their bitcoin investment, it still may well be logical to wait at least a whole cycle or more before they start to consider making any withdrawals from their bitcoin investment as compared with other places that they might get money first.

Most folks who are merely investing DCA from their income, they might ONLY be able to invest 10% or less of their income, so if a person invests 10% of his income, it would take around 10 years for him to have had put a whole year of his salary into bitcoin.. and so frequently we have the investment being a product of both time and how much we put into it, so some guys get excited to cash out their profits, but if they have not put very much into bitcoin, then their profits would be less likely to be meaningful. We have all kinds of examples through bitcoin's history where guys had been cashing out way too many bitcoin too soon because they got interested in short term profits, but then they ended up selling way too many bitcoin too soon and ultimately were not really managing their bitcoin holdings in a way that would really bring meaning to their fnances and their overall net worth.

Yeah sure, going through the bitcoin cycles before withdrawing should be the goal of every beginner and this would act as a necessary first step to training oneself for a long-term holding strategy. When a person targets holding through one cycle, he has to hold for at least 4 years period. During this period, if he successfully maintained his DCA approach without holding back, he would realise how good his financial management has become and if he is still active, he sometimes decides to hold further. It is not like holding through only one cycle is enough, but it helps to prepare the mind for a longer holding time. You can decide to go for another cycle after the first and this is what makes it adventurous, that feeling of not wanting to miss opportunities would be a drive unto almost indefinite holding. Before anyone plans selling, he should ask himself things like, do I really have to sell this bitcoin? How possible it is that I can buy at less price than I'm selling? Do I wish to quit bitcoin investment?

These questions would help give the person time to have a rethink and focus on holding longer instead of wanting to sell.

Quote from: JayJuanGee on Today at 12:30:46 AM

In the end, investing in bitcoin is not guaranteed, yet if we are investing and learning at the same time, we can make adjustments to our bitcoin related strategies and our plans as we go... which should be investing in bitcoin and also buidling, strengthening and/or maintaining good cashflow management systems and practices.

This goes down to not having too much expectations from bitcoin and limiting your anxiety towards what tomorrow would become. Most times we tend to have too much high hopes which has led to so many faint speculations about bitcoin of which most of them are baseless. Understanding that bitcoin is not more of an immediate poverty escape route but a plan for the future would guide every investor right and regulate his expectations. This does not make bitcoin a bad investment, it only allows you to face life reality that everything may not always go the way we plan.

Quote from: Yablee0 on Today at 02:58:05 AM

Quote from: sotelorene on Today at 12:31:40 AM

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It is only a trader that cares to know the current bitcoin price at every given time, an investor that approach with a long term run only go to bed after investing because they are sure of bitcoin potential in a long term run, therefore aren't bothered weathered the price goes up or down all they are concerned of is steady accumulation of their portfolio to any level that they desire.

However, it is fundamental for an investor to have that quality of strong holding, never panics regardless the market trends, steady accumulation should be your aims.

Sometimes too it's not only traders that watch the charts. A person may be having a long-term goal but sometimes due to anxiety or the news, he tends to get follow the chart. You cannot completely stay away from the charts due to Media and adverts, instead you should train your mind not to be glued to the chart and also to understand that volatility is constant and that only long-term can give you greater chances of having a cumulative gain from your bitcoin stash.