This thread was created in July 2022. I can confirm that strong hands are still buying because I own a pair of those hands that are still buying. I will buy all the way down, after living through two previous bear markets, this third one doesn’t worry me at all. We all know the drill by now, the strong, wealthy, elite people buy on the way down. You basically do the opposite of what all the wagies & brokies do. Human psychology tells people to sell when things are bad & buy during FOMO periods. You need to train yourself to do the exact opposite of what these losers do.

Now is the time to buy, to plant the seeds that will grow into prize winning crops that you can harvest in the next bull run. Millionaires are made in bear markets when all the rats are fleeing the sinking ship. Now is the time to put in the work to transition into a winner during the next bull market. You can do it, all it takes is DCA strategy, patience & huge fucking balls.

With this assumption, I don't want to delude myself that some altcoin are also profitable as investment assets. Bitcoin has the potential to be better and more secure than altcoin in the long term, that's because bitcoin was not created to enrich developers, but rather to help users have money in a completely decentralized way.

Adoption is a really good reason to consider as fundamental to making bitcoin a long term investment. Increased adoption means increased demand, and that will make bitcoins more scarce which in turn makes them more expensive.

Actions speak louder than words.

Sure, I don't necessarily expect you to sell all or any of your shitcoins at a loss, and the reality of the matter is that at the time that you invest in any asset/currency you should be prepared for the various price direction possibilities, including having tentative plans regarding how to get in or out.. including various thoughts regarding how to deal with the price moving against you - including whether you would be ready, willing and able to ride your investment to zero as one of the possible options.

At the same time, like I already said, any person who "understands very well that Bitcoin is the best investment ever" will act on that information ASAP rather than saying that s/he will "begin tomorrow" or some contingently unclear day in the future.

I understand that personal circumstances of getting started in bitcoin right away might ONLY allow for getting other aspects of finances and psychology in order before even being able to buy $10 worth of BTC... because sometimes personal finances and psychology are such a mess that there is no ability to actually inject money into BTC.. because as many of us realize, you are not "investing" but instead "gambling" if you have not made sure that you have your expenses covered.. including having some emergency funds (or cushion) available too.


Don't get me wrong.  I am not opposed to guys/gals treating bitcoin however they like, including gambling and trading with it, so long as they know what they are doing - and one of the realities of the matter is that bitcoin serves as one of the best, if not the best, investment opportunties that are available, so in that regard, any strategy that treats bitcoin as a way to gamble or to trade should be attempting to be informed about what bitcoin is and how to balance such trading and gambling.

It seems that many times, people do not sufficiently recognize and appreciate bitcoin for what it is, so in those regards, they do not figure out a way in which they can make sure that their bitcoin allocation is actually realistically balanced in terms of their own circumstances.   

So for example, a person who has already built a $100k investment portfolio and who has concluded that s/he should invest 10% of that investment portfolio size into bitcoin, which would be around $10k or $11k), then if that same person is fucking around with his her BTC holdings so much that it is fluctuating between 0% and 50% and perhaps other variations between because s/he is trading and buying and selling and playing all kinds of games, then it is possible that his/her actions are not consistent with his/her view of bitcoin as an asset class/investment. 

On the other hand if that same person were to invest 10% or so, and then to maintain that 10% in a separate fund, it is possible that another fund could be created that involves trading and gambling with BTC or however that person believes that s/he wants to attempt to achieve personal goals by trading/gambling.  The end result should involve attempting to match personal expectations and accounting for risk management in order to attempt to avoid (or minimize) getting reckt, which getting reckt does not seem to be a very good financial management tool, even though there are people who believe that it would be acceptable to "get reckt" because they are so deluded into believing themselves as invincible and/or perhaps charismatic geniuses... which hey, to each his/her own.. the charismatic genius is not part of my base case way in considering and talking about these kinds of bitcoin investment (or even trading) related matters.

In other words, my idea would be that if any bitcoiner (whether newbie or established bitcoin veteran) has his/her shit together regarding their bitcoin as an investment portfolio, then there can be some dedicated part of the portfolio that allows for gambling and/or trading, even with a good investment like bitcoin.  I personally don't fuck around very much with any of that, except for attempting to trade big swings and to manage risks with the incorporation of portfolio management that so far has been keeping fairly high allocations kept and maintained in bitcoin.

For sure, I do not recommend trading or gambling as a base case - but some times people are very tempted to go with all or nothing practices, or they might start to trade with a small amount and then get sucked into more and more and then pretty soon they are putting too much of their holdings at risk.

It tends to take most normal people a long time to build up an investment portfolio, yet at the same time, the lack of patience causes a lot of people to become impatient and also want to attempt to make more by trading or gambling - and the vast majority of traders do not have portfolios that perform better than more straight-forward DCA strategies.  So yeah, in the end, when guys/gals are tempted to gamble, it is usually better to limit those strategies and continue to have their base case as DCA accumulating, buying on dips and various forms of accumulation that do not involve selling in order to buy back lower.

There are some theories that suggest that BTC holders might want to consider at what points do they start to rake some of their profits..

Risto's (SSS) - A Sane and Simple bitcoin Savings plan thread is one of those   (RIP to Risto)

and sure maybe there are points in which your BTC investment is 100% in profits, 4x in profits, 10x in profits, and at various points, you may choose to sell portions of your BTC.. and you may well be emotionally neutral in regards to whether you are going to use that money to buy back or not (in the event that the BTC price goes lower).....

So let's say that you invested $20k into BTC when prices were below $1k, so that got you around 20BTC.  So when the BTC prices went up to $10k, you had around $200k in value, so you decided to sell 1 BTC, and then when prices went up to $20k you sold another, and so on and so on  up to $60k you sold 1 BTC each time the price went up $10k.  At some point you might start to get nervous because you ended up selling 6 or 7 BTC, so you were down to 13 BTC when the BTC price was up to $69k.. and if the BTC price had kept going up you felt that you did not have very many BTC... so maybe you were able to buy back... and maybe not.  A lot of people do end up screwing up in these kinds of matters because it seems great on paper and in theory, but putting it to practice is not always very easy to figure out price points to sell, how much to sell and at what points to buy back, if at all.

So yeah.. it is possible that selling might ONLY be done when in sufficient profits.. but there still will be questions regarding how much and how to do it.. which likely involves risk management, like you mentioned Sayeds56.

At the last bear market there were strong hands then who are no longer strong hands now. Even El Salvador if not that they are country, it is not easy to buy alot of bitcoin at $50k above and experience bear upto 16k and yet still buying more.
If you already had enough in btc and you don't have much to buy now, don't bother your, wait till your coin appreciate.

Bitcoin is the single biggest investment in the Cryptocurrency Market, Bitcoin always promises good for its investors, as far as I know many people have experienced changes after knowing and investing in Bitcoin both from an economic and other perspective, I think you have done the right thing by investing in Bitcoins. but in terms of profits I would rather suggest that investors who invest their assets in Bitcoin should invest in the long term.


The history of Cryptocurrency's journey and development has been going on for a long time, everyone will certainly know what Shitcoin is saying, Shitcoin is no longer something that is commonly heard, even though Shitcoin will have some changes or developments that might happen I don't think everyone will be surprised anymore towards these Shitcoin Projects, I mean that Shitcoin is extinct and this is one of the Scam projects.


Investing in coins other than Bitcoin or in Altcoins is not so bad, actually there are some very good Altcoins in the Cryptocurrency Market, many people invest some of their assets in coins other than Bitcoin, in the form of Ethereum, but Bitcoin remains the most important investment here. ..