Search content
Sort by
Showing 20 of 1,564 results by sotelorene
Bitcoin volatility can never be avoided, but panic can be avoided with the right strategy and education. As you say, 'Investing by understanding your financial situation will reduce panic'. Yes, investing by understanding your financial situation reduces panic, but no matter how good the financial situation is, when the market price drops, some anxiety acts and the panic does not go away completely. And this is more the case with new investors. In this case, the DCA strategy is good to avoid panic. It protects against market fluctuations by investing regularly and systematically and helps to focus on long-term planning. As a result, the investor learns to remain calm without panicking.
For newbie to avoid panic when the market drops, they should only invest with little amount of money as low as $10 and above so that whenever there is a dip, they wouldn't panic but continue with their ongoing weekly DCA and be learning at the same time. With time as they continue investing and having experience of the market that if there is a dip, the price of bitcoin will bounce back. That will build their confidence the more. After one- or two-years investing experience and good confidence on bitcoin, they can increase their DCA amount and invest aggressively to cover up all those period that they lacked confidence in bitcoin.75I disagree with you on this, there is no specific amount a newbie should invest in Bitcoin because if a newbie has a big or large discretionary and he or she feel that using a certain amount to be investing won't affect them, then it is advisable. What matters the most is capacity and capability, any newbie that has the capacity should invest but one thing that is not advisable is over aggressiveness because there is always a repacaution for that and so investor ought to invest within there reach.
If you're on Bitcoin investment for the long term you will understand that there's no reason to worry about current price. When it dip you can increase your accumulation, when it recovers and rallies you're in profit, it's a win win for you. This is why DCA method is highly recommended for investors that have long term investment goals, keep buying till you reach your future target.
That's a huge advantage because not everyone sees the benefits of buying BTC that way Furthermore, buying BTC even at a high price, as is happening these days is a win-win because when we project into the future, we'll realize it will have been worth it.It's a given that BTC will reach a price of at least $200K in the near future and will continue to grow, and the effort we've made to buy it right now will be greatly rewarded, Who sees it that way?
You always have to plan your BTC investment long-term Even buying short-term can yield profits if market conditions turn in your favor That's why buying moderately is a win-win situation in the best investment in the world BTC.
The two category of people that think that the price of Bitcoin is to high are traders and novice ( people who don't know or understand how Bitcoin work). Traders always see Bitcoin price as too high simply because there sense is limited to just buying when the price is down and hoping to sell back when the price will appreciate and if this was easy and possible I don't think most investor would have been investing for long term they would have channel their strength to buying when the price is down and sell when it appreciate but unfortunately this is not easy and it doesn't work that way that is why investor thought it wise to invest and hold for years because that's when something meaningful can be achieved, this is not theoretical I mean it has been experimented and it works that's why we are investing and holding.
Also, applying the rules or the knowledge of investing, it can help to know when to invest and when not to, even if one has all the knowledge to start, without having proper financial stability to use it for investment and can still have some to use it for emergency purposes or when one is in their hard times can be very risky, for it won't help to achieve their financial aims.
You don't necessarily need to figure out when to invest and when not to invest, the only thing that is supposed to keep you on hold is your discretionary fund, but if your discretionary fund is available you don't really need to be waiting for the perfect time but to start as soon as possible because if you're waiting for the perfect time before getting started you might end up regretting like other guys so as a no coiner or a low coiner you're not supposed to be waiting for the perfect time before investing, rather you can use the DCA method to be accumulating little by Little with time you will get to that stage where you will think is the perfect time to get started then you will have to apply some aggressiveness, rather than keeping yourself waiting.
You are right anytime is perfect for someone who is serious to invest in Bitcoin but not everyone waiting to buy during the Dip are traders or intending to sell off when the price appreciate, some of them are not just familiar with Bitcoin and doesn't know that they can literary buy even when the price is high via DCA method and so these category of people or persons just need a knowledge to change their perspective and until they are aware of this their mindset won't change because when I started I was thinking this way but i later realized I was wrong.
Bitcoin is not something we might buy now and expect to become rich tomorrow. It is a long term investment, and anyone who wants to profit from it must be patient and not panic when the market falls. The fact is that Bitcoin price changes all the time, and this is normal. However, if you panic and sell quickly, you might lose more than you gain. Real investors realize this and remain calm when prices fall.
Now i would not ask anyone to accumulate bitcoin near the all time highs (specially those who do not have extra money) and in times where we know the cycle may end in a few months. For fresh investments, maybe one can wait for a year or so and then he can get better prices to get into bitcoin. For those holding bitcoin, they should keep holding and shouldn't sell early there is still chance that bitcoin may 1.2x to 1.5x from the current prices.There are a loy6of disadvantage of waiting for the bear market. Firstly, you can spend the available funds when an emergency plays out that needs urgent attention and you don't have funds on ground to tackle it. You will use the money and might not be able to buy bitcoin when they bear market arrives. Secondly, it leads to procrastination and keep you as a no coiner while others are busy building up their bitcoin investment and piling up wealth for their future but you will just be stagnant financially.
Lastly, you will regret in future for waiting when bitcoin price will have reached $1m because, you could have started buying now and accumulate a good size of bitcoin stash before that time. You will end up with little bitcoin. See bitcoin as a store of value to save your funds from losing value overtime and start investing right away. Instead, of keeping fiat that depreciates in value overtime.
Yes, waiting for a price drop when buying Bitcoin is not an appropriate strategy for long-term investors. Logically, we should understand that waiting for a price drop is a strategy that is prone to dilemmas. So, rather than worrying and missing out on opportunities, I don't think buying Bitcoin should be fixated on price. Regardless of the current price, it's highly likely that in 10 years, the price will be much higher, and we'll profit. So, why ignore momentum and choose the right price when buying Bitcoin?
There is nothing wrong to wait dips for purchasing bitcoin but experienced investors do it differently than newbies. Newbies wait for lower prices, try to find bottom prices to buy in, while experienced investors can do Dollar Cost Averaging regularly and don't mind about price, or they can wait for price dips of 10%, 20% or 30% and buy without concern about at what prices they make purchases.They know that price dips are very good for accumulation and if they can hold bitcoin for a long time, profit is very good especially if they buy in dips.
The reason why some people panic is not because they don't know the volatility nature of Bitcoin but rather the reason why most people panic is because of wrong investment approach, especially those who are Investing for short term, once they invest more than they are suppose to invest because of the feeling and hope that the price will go up and unfortunately the price start dipping they will surely panic because they have made a very big mistake and that is the reason why we should not invest for short term and should not also invest with what we can not afford to let go because it will make one to be monitoring the market which is a stress and waste of time.
You need to get rid of the idea that you can get rich quickly by investing in Bitcoin. This is not a quick scheme for earning money. Investing in Bitcoin cannot guarantee you profit, but if you invest patiently, there is a great possibility of getting good returns. Bitcoin is the most volatile currency, and it is very natural for there to be a price correction at any time. If the price is slightly down at any time, do not panic, but if you can hold Bitcoin regularly, then it is definitely possible to get good returns. Moreover, it is more convenient for those who do DCA when it is down. In terms of investment, if you keep accumulating a part of your discretionary income in Bitcoin regularly, it will help you risk-free and stress-free investment and you will be able to keep a large part of Bitcoin in your possession in the long term.
You are right.I think next month we might see Bitcoin at 130,000 because we saw the new ATH this month. But we may expect that Bitcoin can reach 1 million after the next six or seven years because seven years ago or on this day in 2018 Bitcoin was worth 7716 dollars but after seven years the price has reached 123,000. In words 7700 and where is 123,000. Did we ever think that Bitcoin would be worth this much? So let's think about what Bitcoin's price could be after the next seven years. This shows that Bitcoin has huge potential but need to be patient.
The way price is gradually going towards 130k is not enough to say altcoins might follow, because at this point, things are going extreme, and we cannot really predict for altcoins, but for Bitcoin, most times you see the Bitcoin price going up, and altcoins might not follow. So these are all the reasons why they are always advising people to invest in Bitcoin directly. because it will favor you when you invest, because there is more potential in Bitcoin than in any other coin.
So it is usually Bitcoin that is leading, and when you follow what is trending, it is even better, and that is why they are encouraging people to buy Bitcoin, especially when you are buying the dip, because buying the dip is like the biggest opportunity because there is no way that you will invest in Bitcoin and then regret it.
We all know that altcoins depend on Bitcoin so saying altcoins will grow along side with Bitcoin is not wrong and growing along side with Bitcoin doesn't mean they have same potential or same volatility level and on the other hand altcoins should not be our concern because they are not to be trusted and rely on because they can destroy someone's emotions easily.
I disagree with the ending of your last paragraph, someone can invest in Bitcoin and still regret if they didn't follow due process or do what is required to have a great investment so don't get it twisted, once you don't keep your emergency funds and reserve funds well and you don't invest from your discretionary or you invest more than you are suppose to invest from your discretionary, you will definitely regret it so that don't make newbie believe once they invest in Bitcoin everything is settled No.
People are sleeping on City, you may like them or hate them but they were 4 time winners up until last season. Yes they had a bad season last year, I agree, but they are going to do better I believe. Do I have any data to back that up? Of course not, but I am just guessing like everyone else.
Just because Liverpool bought some great players on top of the title win, doesn't make them suddenly better, they may end up having issues, who knows? But most shows them as leading candidate, isn't that a guess? What if Wirtz gets injured? All of these are guess, and I guess City is the best team yet again, as long as Guardiola is there, he will figure out a way to get this team back on its feet with the new players he got and will do a great job.
Surprised to see how people saw City's fourpeat like it was nothing. They forget how Pep is getting serious in rebuilding back his winning team, and deserve a candidate to win PL next season. Yeah they and Liverpool are two teams who will be the title contender. Just because Liverpool bought some great players on top of the title win, doesn't make them suddenly better, they may end up having issues, who knows? But most shows them as leading candidate, isn't that a guess? What if Wirtz gets injured? All of these are guess, and I guess City is the best team yet again, as long as Guardiola is there, he will figure out a way to get this team back on its feet with the new players he got and will do a great job.
I've dropped Arsenal from the title race caused by they're not serious team. I think we may see the same winner for the next season or City may also comeback. THere's a reason why Pep sign a lot of players is to win another PL.
Every coach dream and desire is to win the premier league even though it seems impossible with the kind of player they have. As Guardiola is rebuilding his team to have a better next season so also is other coach rebuilding and building there team and if you ask me how next season will look like I would honestly tell you that Liverpool and Manchester city may not be the winner of premier league next season because towards the ending of last season Liverpool was having difficulty in winning match, they weren't strong as the initial time when klopp was there.
For me, this is related to the anxiety and excitement that betting causes; mixing coffee, energy drinks, or other drugs will only intensify the effect of these sensations. Personally, I have a set schedule for my activities; I rarely spend more than two hours betting. Using the example given for a sports bet, I simply place the bet and wait for the result; following the game won't make it go my way. Of course, I enjoy watching the matches and bet more on the local championship; I don't have to force myself to stay up late at night, for example.
Taking coffee and energy drink is not the best option and just like you said it won't still change what the result will be, but as a human being and the money involve is a money that can change life for instance, you will be so eager and curious to see what will be the final result and to some point your mind won't be at ease until the game is over and even when the game will be over if it doesn't go well ( in your favor) your mind won't still be at ease because you will be calculating what you would have used the money for and how rich you would have become.
What's usually your pick as a gambler since sometimes some persons are luckier than others?
In my own case, i try to focus on the two, when i bet in sport betting and football to be specific, i try as much to select more than five games, then place a number of cuts to them, for instance if the game selections were 8 games, then i applied cut 2 or 3 to them, if some of the games failed up to the number of cut i placed, is till have the opportunity of winning, except it exceeds, this shows that am more of being tactical and logical in my games, when gambling, i work by my risk assessment factors and play bets to minimize the risk and try out my luck to win base on this strategy i just explained.
But do you know what when you select 8 games like you said and play it cut 2 or more the return will reduce to the point that it will be almost same thing with your stake? Unless you play with a huge amount of money which is very risky and again the only time you can see something tangible from this cut 2 is if you select plenty game with a big odd. Whenever I'm gambling sometimes I look at the odd and after that I check statistics before making a final selection but at the end of the day everything is all about luck because no matter how careful you are in making selection you can not win unless luck is on your side.
You should never think about ten years ago because at that time, risk could only bring success,
This makes little sense. 10 years ago there were similar kinds of concerns as there are now, yet we can see after the fact that investing into bitcoin ended up paying off quite well including that the more aggressively anyone invested into bitcoin (without overdoing it) then the better the payoff.
Personally, I think that similar kinds of underlying principles continue to exist in regards to the more aggressive anyone invest into bitcoin (without over doing it) the likely better will be the future payoffs, 4-10 years or longer down the road.
It is also likely the slope of the upward curve is not going to be as steep into the next 10 years as it had been in the past 10 years, yet these days, the downside risk of the next 10 years seems to be less extreme, too. When governments and large financial institutions are jumping onboard, it becomes harder to reverse courses... .not impossible to reverse but there is a certain value in the Lindy Effects that are created with bitcoin being in existence longer and seeming to ongoingly becoming stronger and stronger and stronger.
Regarding what Popkon6 said, even till now risk also bring success but not all risk though, investing with what we can afford to let go is also a risk maybe someone people don't know about this but it is true and if you are doing it consistently for a stipulated time, it will surely payoff just like it has..., aggressive Investment is advisable as long you have the capacity.
One thing that gives me joy the most is seeing great nations and great institutions investing in Bitcoin, this alone speak good about Bitcoin and i believe the reason for this act was because of the potential of Bitcoin and they have the feeling It will do greater in years coming and I can feel and sense it too. Anyone who has all it takes to start up after seeing this happening and refused to invest is really making a big mistake even though the person has other investment and the sweetest part is that you don't have to invest at once, you can invest gradually regardless of the amount and the market price using the DCA and success can still be obtainable if carried out properly.
Yes, I totally agree with you agreessive investment should not be done often because there is every possibility that you will run out of funds and once an Investor run out of funds it is going to be a very big problem. The only thing that should be carry out or done regularly or often is our DCA method while agreessive investment should be done once in awhile when we have saved up something big that will help us take advantage of the market. Anyone investor who doesn't understand this word investing agreessive might exceed their limit and one thing about investment is that once you exceed what you are suppose to..., you will see the consequences but a good investor can reduce the consequences by taking necessary actions.
Since we are using discretionary income to accumulate bitcoin, there's no problem if an investor decides to invest aggressively in bitcoin all the time because he is using the money that is not meant for his expenses to invest in bitcoin, and he can use his discretionary income the way that pleases him. Investing aggressively in bitcoin has been discussed so many times on this thread and on the buy the dip and hodl thread, but it seems a lot of members are still misunderstanding the concept of investing aggressively in bitcoin. Investing aggressively in Bitcoin isn't only when you use $200 or $500 to accumulate Bitcoin; as far as you are consistent in accumulating Bitcoin weekly or monthly with $5, you are investing aggressively in Bitcoin because that is your level of aggressiveness, and you aren't also overdoing it.I agree with you, investing what one can not afford to let go is more like a trader thing and it is a wrong investment entirely because an investor should always ensure to invest what they can afford to let go and funny enough this what they can afford to let go doesn't mean it is a small amount of money rather it is a considerable amount that looks encouraging. Investing what you can not afford to let go already means planning to sell very early because when the market go against your wish and you are not financially buoyant you will have no option than to sell because you have used the money you would have use to take care of that need that arise.
without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning, but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.
And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.
And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.
To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.
Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.
I think at first someone have to draft out everything even though all of them may not be possible but one good thing in life is to have hope and work towards that particular thing. So I think before getting a job one ought have calculated how he or she is going to go about Bitcoin investment because if you don't have this thought before getting a job that will be giving you income then it will be difficult for that person to think about later so everything is planning and not just planning but planning well. There are people with a stable and good source of income but they are not into Bitcoin investment because they never had a thought about Bitcoin before they got the job.
⭐ Merited by JayJuanGee (1)
Yes, if rich people buy, they certainly have to buy too. If we have money, for example... if we don't, just be patient and wait until we get wages to buy. 
Buying BTC when the price is dropping is a good thing because we'll get a lot of BTC. However, I think buying when the price is rising is also fine, as long as we intend to hold it for the long term. In my opinion, buying BTC using any method is certainly a good idea because BTC certainly fluctuates, and we can certainly take advantage of those fluctuations. However, in BTC investing, I think the most difficult thing is the temptation when the price has risen high and we suddenly want to sell it. Of course, I think that temptation is sometimes difficult to resist. So, in essence, I think that temptation is difficult to overcome. Of course, currently, many people regret selling their BTC at prices like $70,000 or $100,000 because they thought it would drop again, when in fact it didn't. The point is, a strong intention to hold and retain BTC is certainly one of the keys to successful BTC investing.
Buying BTC when the price is falling is a must for those who are already familiar with Bitcoin because they don't want to miss out on accumulating more Bitcoin. But if they use DCA to invest in Bitcoin, they won't pay much attention to the price. They'll simply focus on buying at specific times and then holding on. They won't be swayed by temptations like selling when the price rises, because their goal is long-term. They could have sold their Bitcoin at $122,000 yesterday, but those with long-term goals won't be tempted to sell. They'll hold on until their target is reached. But some people sell some of their Bitcoin to take advantage of their long-awaited gains, and that's not wrong either. They have their own plans, and they'll certainly be different.Buying BTC when the price is dropping is a good thing because we'll get a lot of BTC. However, I think buying when the price is rising is also fine, as long as we intend to hold it for the long term. In my opinion, buying BTC using any method is certainly a good idea because BTC certainly fluctuates, and we can certainly take advantage of those fluctuations. However, in BTC investing, I think the most difficult thing is the temptation when the price has risen high and we suddenly want to sell it. Of course, I think that temptation is sometimes difficult to resist. So, in essence, I think that temptation is difficult to overcome. Of course, currently, many people regret selling their BTC at prices like $70,000 or $100,000 because they thought it would drop again, when in fact it didn't. The point is, a strong intention to hold and retain BTC is certainly one of the keys to successful BTC investing.
I disagree with you on this, buying Bitcoin when the price is down is not a must for those who are familiar with Bitcoin investment but rather, it is vital they take advantage of that opportunity if they have... When you said it is a must it means they will have to invest whether they have money at that point in time or not which is wrong and remember when you over stress yourself or when you are not buoyant and you force yourself to invest you will surely pay for it in a hard way. Lastly, this statement can somehow mislead a newbie that doesn't know anything about Bitcoin investment, because some newbie always take anything they heard most especially if it is from a senior colleague ( someone ahead of them).
In my opinion, the teams that will fight for the title are:
1 - Liverpool
2 - Chelsea
3 - Arsenal
4 - Manchester City
1 - Liverpool
2 - Chelsea
3 - Arsenal
4 - Manchester City
• Putting Liverpool on top is quite normal. They are already bookies' favourite also. They lifted the PL trophy without making transfers last season. Now they are making many of them.
• You think Chelsea can finish in the 2nd place? I wouldn't put them there yet by staying under the effect of their CWC success.
• Arsenal already has a great squad. But they still need a striker. Gyökeres is still likely to be signed in case of an agreement with his team.
• Manchester City were very below the expectations last. But I think Guardiola will help them recover. I think they are the 2nd biggest title contender.
Chelsea really did well in the club world cup and I commend their effort and performance but that doesn't mean they can win the premier league next season though nothing is impossible but my own selection next season are Liverpool, Arsenal, Chelsea and Manchester city but I'm seeing Arsenal as the club that will lift the trophy and I know some people have been underrating Arsenal but I have this feeling they will surprise everyone next season. But I think Chelsea priority will be the champions league because they didn't play last season and any season they qualified for champions league they always do well.
Re: Would you allow your underage kid to use your detail for KYC after a big win.
This thread reminds me of the argument I was having a few days ago.
When we talk about minors not being allowed to gamble, it's a general rule everywhere, not just in some countries, so if a child who is below 18 years has been gambling without the knowledge of the parent and he or she happensto win an amount which requires advanced KYC to be passed, if the child uses his real ID card, it will be noticed that he's not yet of age.
As a parent to the child, can you allow the child to use your details to pass KYC verification, if asked? And if you do that, does it also mean that you are supporting underage gambling?
When we talk about minors not being allowed to gamble, it's a general rule everywhere, not just in some countries, so if a child who is below 18 years has been gambling without the knowledge of the parent and he or she happensto win an amount which requires advanced KYC to be passed, if the child uses his real ID card, it will be noticed that he's not yet of age.
As a parent to the child, can you allow the child to use your details to pass KYC verification, if asked? And if you do that, does it also mean that you are supporting underage gambling?
First of all I can't be staying under the same roof with my child without knowing if he is a gambler or not because I am gambler and I should know some move and signs right. But if it happens that I don't know and then one day my child come to me and told me about something like this I won't yell at him or her but I will freely give him or her my ID card and after that we can now discuss what prompt him to go into gambling. But then again, the gambling site he signed up at must have contain his details and so using another document or ID to do KYC, some site won't allow it.
I have never been addicted but I have seen people who were addicted to gambling and i can say it is really a bad experience for them and something one should not wish for or try to be a victim of. I have a friend that was addicted to gambling for over years and anytime he has money instead of him to take care of pressing needs he will use the money to go and gamble and after losing the money he will start regretting and once money entered his hand again he will rush to casino and lavish the money and even when he is on profit he will not stop he will continue untill he lost everything. He has not stopped finally but he has reduce and I believe he made a decision and God helped him.
Waiting for perfect knowledge before starting usually leads to missed opportunities. Bitcoin rewards action paired with discipline, not perfection. Starting with what you understand and building knowledge along the way while managing your finances wisely is the real strategy........Discretionary income, no matter how small, is all you need to begin the journey. Learn as you go, accumulate steadily, and grow into the investor you aim to become.
This is the mistake most people make they think before starting an investment they have to know everything and have their discretionary filled up with money but that is not true because after some time they will realize they have be wasting there time. Knowledge is something one will learn as they progresses in their buying and holding and the funds is also something one will be hustling and gathering. Lastly, investor ought to understand their goal and work towards it because a person without a goal is already lost.
money to buy BTC.
You can invest your entire discretionary income if you want. But it would be better for an investor to invest 25% of his discretionary income. If a person uses 25% of his discretionary income, then he can build an emergency fund with the remaining 75% and if the emergency fund is ready, then he can keep that money with him and when he sees a decline in the market, he can buy aggressively.I think that with time an investor does everything. Maybe a new person may not do this, he may not be aware of this. But a person who has been investing for some time may set aside money to buy aggressively. Because he knows how to use the decline.
Older investors often don't take advantage of price drops if they want to buy Bitcoin more aggressively, although they don't dismiss them as a good opportunity for those who haven't been afraid to buy without the market dropping. And such investors are usually not afraid to use half of their income to buy Bitcoin because they can still manage their lives with the remaining half. Therefore, this will never be the same for one person as the mentality and courage to buy assets like Bitcoin always differ from person to person.
Furthermore, there are differences in income levels among individuals, and this can influence how they use their money to buy Bitcoin more aggressively on a regular basis and less focused on price declines in the market. So, I'm not at all surprised to see investors who invest half their income in Bitcoin every week . Even though they are still concerned about their own livelihood and emergencies, their courage in regularly investing half their income every week is truly admirable.
After receiving income and have deducted the money for your monthly expenses and basic needs, the leftover is what you can use part of it to invest in bitcoin through DCA for regular weekly purchases. However, nobody is in the position to tell anyone how much of his discretionary income that he should use to invest in bitcoin. We all know our own financial situation playing around us and our different decisions and target in our long-term bitcoin accumulation journey, therefore, we are in the right position to choose how much from our discretionary income that will can use to invest in bitcoin to keep our accumulation ongoing for 4-10 years and above.
The most important thing is that you shouldn't use an amount that will make you sell your bitcoin before your own time or something that will make use regret in the future for the wrong actions taken.
One of the basic thing someone have to learn before going into Bitcoin investment is knowing which money or funds should be use for investment and how to set aside that funds because it will be very unreasonable for someone to be investing zigzag without splitting his funds into different section. The Idea of splitting this funds is that one will not touch money that is meant for other things and it will also help an invest know how much they actually have in their funds at every point in time. Any newbie that has a wrong mindset is already leading him or herself into depression, panicking and loss because Bitcoin investment is not a playing ground.
A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.
That is true. Since I plan to hold Bitcoin for five to ten years, it is better to buy Bitcoin continuously every week or month, no matter what the market is like. If the market goes down more, I will buy more. And when it was ten to twenty thousand, I regret it when I remember that, I did not buy it even if I had the ability, in fact, I did not understand the importance of Bitcoin properly then. But now I will not miss the opportunity. No matter what the price is, I will continue to buy. Because Bitcoin has huge potential.
Anyone who has Bitcoin in his portfolio really have something great and valuable because Bitcoin is an asset that one should not joke with because of the potential, and it potential keep growing as the price appreciate. You made a very good decision by starting Bitcoin investment after seeing it as nothing some years back because you didn't know it will be this great and valuable unlike those that missed to invest then and have seen and know the value and potential of Bitcoin but are yet to invest even when they have the capacity. This category of people will still regret again in the future because Bitcoin is a growing asset and not a stagnant one.
74% of Bitcoin is now in the hands of long-term holders, which is the highest in the last 15 years. No one is selling. This is actually very pleasing to hear and encouraging for those of us who have been involved in long-term investments for a long time and we have been discussing this topic here for a long time. We will definitely see a good portfolio in our wallets in the future.
Source
This is really amazing and I believe sooner or later some traders will dive into buying and holding for long term I mean those that will realize that they have been deceiving themselves all this while and then those that won't realize and think they are on the right track will keep on jumping up and down ( panicking and losing money) while the market remain unaffected. And any investor that will leave investing and go into trading because of profit will be seen as a primitive or dark age person because it is obvious a lack of knowledge and understanding. Selling Bitcoin at this stage is never a good option especially when we are yet to reach overaccumulation stage.
There is no gamer that will say they haven’t lost a game at anytime. We have our different staking abilities, I am referring to what you consider your high staking power. Last season was my best season in sport gambling but I had days that i had bitter losses.
I will like to know how quickly do you forget a painful loss and bounce back. I hate losing and after a big loss I will be frank I don’t forget it immediately although I don’t let it define my next game but it takes a while for me to forget a big loss and the best way I forget about a loss is how fast I can have a win in my subsequent games. A win is like an antidote to my sadness after a loss. So how fast do you forget a loss and what can help you in forgetting about it.
I will like to know how quickly do you forget a painful loss and bounce back. I hate losing and after a big loss I will be frank I don’t forget it immediately although I don’t let it define my next game but it takes a while for me to forget a big loss and the best way I forget about a loss is how fast I can have a win in my subsequent games. A win is like an antidote to my sadness after a loss. So how fast do you forget a loss and what can help you in forgetting about it.
I have had a lots of bad days in gambling and I have also had a lot of good and smiling days on same gambling and anytime I make a big loss first I have to accept that I made a mistake by using a good amount of money to gamble and I have to accept that, this is gambling and winning is not guarantee that means I can make loss at anytime in other words loss is a normal thing in gambling. Lastly this your point sometimes is what help to relieve me, having a win immediately after a big loss always calm my feelings no matter how small the winning is because it is hope that I will recover and letting me know that it is gamble.