The market always does provide the opportunity somehow. Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.
Is that what you are doing, durg0319? or are you just talking theoretically about some hypothetical situation that relates to hypothetical guys that may or may not exist?
I just found out I made an error in what I said, so I have corrected it
You fixed your earlier post?
So what.
What about my question?
What are you doing? Are you buying bitcoin or what?
Sure, you are giving advice, yet what are you doing personally in relation to bitcoin? Anything? Do you have any experience? 0r are you just thinking about bitcoin and acting like you know something?
I am not talking about regrets.
I am talking about a person's bitcoin buying history is going to affect his level of motivation regarding if he might continue to buy bitcoin regularly (such as weekly) versus if a guy might try to strategize to buy bitcoin on the dips (and/or whether the guy might get emotional about the dips or not).
If a guy already spent more than 3 years accumulating bitcoin at $100 per week, he might not give too many shits about if the BTC price happens to be $126k or if the BTC price happens to be $86k, and it is not even like we know in advance that the BTC price is going to change to those lower prices. Sure, cheaper bitcoin is better than more expensive bitcoin, but since we don't know in advance where the BTC price might be going, then the difference in price still might not be enough of a difference in the BTC price in order to motivate a guy to change anything that he already has in the practice of doing (which is his weekly buys of $100 per week).
That would be the strategy to buy Bitcoin continuously without looking at price because we are not sure about absolute low and ATH price of Bitcoin. If we use tools like DCA calculators then they give us exact picture of what's the benefit of buying weekly in the past. Yesterday Bitcoin price was 91000$ while today it's at 85000$ and we don't know what's coming ahead, so it's better not to keep this hassle of when to buy and when not. Just simply buy weekly or monthly.
I have come to realize that the moment someone start asking question on when to buy and when not to..., it is then obvious they are not really serious and interested because at that point in time they are already having too many thoughts on their mind and that state can really mess up someone if they are not careful with their decision and the action they will take afterwards. It is wrong to make decisions under pressure because you can make the wrong one and you can not afford to make one in Bitcoin investment because it can very dangerous.
Many folks make mistakes all of the time, so I am not sure what is the problem? I do agree that a person who is over thinking the bitcoin price is likely confused, since the question should be whether they have bitcoin or not, and if they don't have any, they need to get started accumulating bitcoin, so long as they have discretionary income.
So? where is the potential for mistake when getting started investing into bitcoin?
But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.
Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.
Long-term Bitcoin investors certainly aren't overly concerned about bear markets; in fact, they become more optimistic during these times, continuing to accumulate Bitcoin. So, even a bear market is a great opportunity for long-term investors to make regular purchases. However, if you say that long-term Bitcoin investors aren't looking for profits, I think your assumption is completely flawed. I believe the majority of long-term Bitcoin investors aim to make profits when investing in Bitcoin. I believe profit is the key to any investment, including Bitcoin. But profit isn't just about multiplying the amount of money; it's also about protecting their money from being eroded by inflation. Essentially, the benefits of investing in Bitcoin are truly amazing.
Hodl greetings
Of course, if an investor has enough money, if he wants to invest elsewhere, then this is a golden opportunity. When the Bitcoin market is in a recession, if he can buy Bitcoin and hold it for a long time, then he will get a lot of profit on this investment, which will attract him to invest. However, there are many investors who cannot invest simply because they do not have enough money, so of course those who have enough money should invest in Bitcoin for the long term. If we can buy enough Bitcoin for the long term, then it will give us more profit in the future. Of course, I follow this advice myself and will advise others that if we have enough money, it is wise to invest in Bitcoin with a long-term plan.
It is written everywhere that you don't actually know how Bitcoin investment works, because if you do you won't be talking about enough money. One do not need enough money before they can be able to invest in Bitcoin rather what they need is a discrestionary income which is been gotten after all the necessaries has been taken care of so it is not a matter of enough money and some people that claims to have enough money don't even use to invest in Bitcoin. And stop talking about more profit because it is too early to be talking about it and folks that should be talking about profit now and are those that invested 2014,2015 and any investor that is starting now and have this profit mindset will be distracted.
You are correct that profits is a distraction, even though sure we can take them into account, yet a person who had been investing in bitcoin for 10-ish years or more, he might presume that his bitcoin holdings are in profits, yet the more central question would be about whether he has enough bitcoin yet or not.
Presumptively, the longer that any of us have been investing into bitcoin, then the more bitcoin we would end up accumulating, and surely if we spent one or two cycles investing into bitcoin, then perhaps we have a standard of living that we have been living, and we might have goals to be able to either live off of our bitcoin or perhaps to supplement our current income.
If we are investing into bitcoin for a whole cycle or more, we might even presume that we are in profits, yet we still might have questions about whether we have enough bitcoin or not.
Examples could be helpful.. so for example if a person with a $30k per year income had been buying $100 per week of bitcoin, then after 6 years he might have invested right around $32k and maybe he had accumulated 1.3 BTC.. so then obviously his bitcoin holdings are in profits, yet the quantity might still not be enough to be able to either replace his income or to even supplement his income. .. so he might want to still accumulate more bitcoin, and maybe he might consider that if he continues to buy bitcoin, then perhaps in another 6 years, he mgiht be close to 2 BTC... which might be enough or more than enough bitcoin.
From charts of the bitcoin 200-WMA, he can see that
by mid-2033, around 2 BTC or even less might be enough to support a passive income of $80k per year, and so that would ONLY be around more years, and that might be enough of a goal to keep him stacking at the same rate and/or maybe trying to figure out ways if he might be able to increase how much he is investing into bitcoin on a weekly basis by figuring out if he can increase his discretionary income by increasing his income and/or cutting his expenses.
The future BTC price projections (or the 200-WMA) do not need to be 100% accurate in order to help guide directionally what a person might be motivated to do if he is trying to invest in bitcoin with goals of having bitcoin help in future income. I have doubts about profits being a very central motivator (whether we are referring to now or even to the future), even though profits can be interesting to think about but not so much a motivator regarding what to do and/or the extent to which it may well there maybe motivations to continue to stack bitcoin to try to reach his future income and/or cashflow goals.
When you have money to invest, it is never reasonable to delay investing for unnecessary things like market research before buying. I completely agree with you on this, those who think too much about research, thinking, market movements before investing will only delay starting to invest, and this will be negative for them. No time should be wasted in investing, waiting means pushing yourself back. Because if you wait for the price to go down before investing, it may increase tomorrow and that opportunity may not come back, so don't hesitate too much, just keep buying whatever the price.
Sincerely, I don't see everything wrong with trying to know or get a bit of information about how Bitcoin works or how it is operated. A little research about Bitcoin, it's workability and/or how to get started with your investment, how to buy and few other things to do as you begin your investment is not a wrong idea if you ask me. At least, with these research and little findings, you wouod know of the volatility of Bitcoin which will keep you ready for price up and down movement when you eventually start. You would also know different startegies of investing in bitcoin as well. I think at this point, a potential investor with a discretionary income can now invest. I can't possibly hear about bitcoin just now or today, and maybe I like it and have been looking for a good investment platform, and immediately I just started investing, offcourse, it can't work that way.
So a little findings and/or basic knowledge at least is needed to kick start No. Basic knowledge about bitcoin is not needed in order to get started.
What you need to get started is basic knowledge that you have discretionary funds available that you can use to buy some bitcoin and to get started, and you can just look at a bitcoin chart and see that number may or may not go up.
You can learn whatever you need in regards to various bitcoin specifics as you go, yet at the same time, you can get started with just $100 or $10 or whatever discretionary income that you can determine that you have available to get started.
In other words, you are placing obstacles when you suggest that there is some "basic" level of bitcoin knowledge required before a person can get started investing in bitcoin, when that is not true... including that a person can keep his starting out amount low while he is learning about bitcoin and learning about his own cashflow management. Likely his knowing about his cashflow management is more important than knowing about bitcoin, and many folks whouodl be able to figure out if they have $100 or even $10 or some other amount that they can get started.. so getting started is amongst the most important of matters, as long as a person has discretionary income, they can get started investing into bitcoin.
