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Topic: Buy the DIP, and HODL! (Read 68806 times)

member
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★Bitvest.io★ Play Plinko or Invest!
March 28, 2024, 06:48:57 PM
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

Yeah that's actually very clarifying, however I wonder why someone could even think of selling a large amount of his Bitcoin holding even if he has other intentions of using the funds on, however even if his intentions is to venture into other assets shouldn't be a reason for someone to sell a large amount of his Bitcoin because regardless of the needs or intentions to venture into other investment what should be mostly considered is the potential and how real it is, so considering all this things Bitcoin should always be the major investment for everyone because unlike every other investment Bitcoin has shown that is the best investment that can put a smile on someone's face in the future only if they hold.
Alot of individual most time would sell some certain amount of their Bitcoin ( expecially when you haven't reach your Accumulation goal or having enough Bitcoin). With the mindset of replacing it back. Lol I laugh , most people don't know that the chances of them buying at that Same low price is damn low. You can't expect bitcoin to dip for sake inorder for you  to replace that amount you withdrew from investment at that same price you first brought it . Nahhh things doesn't work that way. Like those who bought their Bitcoin when the price was $10k and they later sold there coin around the price range of $15k , with the mindset that when bitcoin dip again to $9k or $10k they would buy , but now look at Bitcoin is around $70k now . So you can see that when you start taken profit from your investment when you haven't gotten far with it . You're only reducing the potential of yielding some thing good in a long run . That why one should not of removing or withdrawing from his investment ( Bitcoin) , especially those that are low coiner or haven't gotten  any where with Their accumulation. Should rather focus on how to add more Bitcoin to his portfolio.

This is just the real truth because it is through consistent accumulation that you can gather enough money that will make you get rich in the future even some rich people today if they tell you how they were so patient and saved so much money for some years before they were able to own an investment that made them become so rich today. Patience is the key of any investment because there are times when things will become so difficult to the extent that you might be thinking of selling the Bitcoin you have hold but with determination to succeed you still kept accumulating till you were able to meet your goal. Success doesn't just appear in a day as it takes time to achieve great things so anyone that wants to invest in Bitcoin should bear it in mind that they need patience to be able to achieve a breakthrough
 you are right, that why one need to discipline himself when it comes to longer-term investment. Being patient with your holding play a great role in your Bitcoin investment, increasing the chances of you getting a better profit or return in a long run. And the other thing that play another role is the number of Bitcoin one has accumulated in his portfolio, depending on how aggressive one was in his Accumulation expecially those with nice cashflow. So these things should be considered as you holding make sure you are holding some nice quantities. Inorder to yield a better profit in a long run.
member
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★Bitvest.io★ Play Plinko or Invest
March 28, 2024, 06:45:18 PM

One thing about Bitcoin investment is to purchase and another is to have the mind to hold, even when it doesn't seems nourishing we still continue holding.

This is just the real truth because it is through consistent accumulation that you can gather enough money that will make you get rich in the future even some rich people today if they tell you how they were so patient and saved so much money for some years before they were able to own an investment that made them become so rich today. Patience is the key of any investment because there are times when things will become so difficult to the extent that you might be thinking of selling the Bitcoin you have hold but with determination to succeed you still kept accumulating till you were able to meet your goal. Success doesn't just appear in a day as it takes time to achieve great things so anyone that wants to invest in Bitcoin should bear it in mind that they need patience to be able to achieve a breakthrough.
full member
Activity: 182
Merit: 113
Eloncoin.org - Mars, here we come!
March 28, 2024, 06:34:13 PM
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not.
I say again, fuck crypto. Bitcoin is not the same as crypto, Bitcoin is far more better than crypto currency. Bitcoin is not a get rich quick scheme and crypto newbies should know that.
Haha, just the words of @JayJuanGee, FUCK CRYPTO, initiatly cryptocurrencies are not meant to be talked about here in this particular thread, let me go a little soft on this, @Jating may have simply misunderstood and misuse the word crypto in regards to Bitcoin, we learn everyday so right now he can take correction. Like you said, Bitcoin supercedes every other currencies no matter how profiting and promising they paints it to be, we are not expected to let our guards down so we don't perish in loses as the outcome of making quick profits. Bitcoin is much more of an investment that requires purchasing and holding and not a quick rich scheme, that is referred as trading and not Bitcoin investment.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.
Yea, of course the best time to buy is the dip, but no one can know when the dip will come which makes it not the best time for new beginners or inve8who have just started accumulating bitcoin. It is hard to predict the movement of bitcoin and that is why it is not a good strategy to be waiting for the dip, because that investor will probably miss out.

DCA method is the best because it gives you the opportunity to buy bitcoin when the price dips, pumps or stay sideways. It is also stress free an gives you the opportunity to grow your bitcoin investment gradually, provided you are doing it the proper way. DCA and hodli for long and you will be happy with the result that you will ha e in a long-term.
Purchasing the DIP is one of the most aspects of Bitcoin that does deserve an award as a helping tool to most investors. Buying the DIP is a strategy on it's own which can aswell be compiled along side others, it will be too lame to just sit and observe the market till it DIPs before wanting to invest, that is the reason why the DCA approach now overcedes others because investors are still going to buy portions of Bitcoin during that same DIP which they have been waiting on and nobody knows if the market may continue to DIP at that time which they feel is the climax of the DIP and seeing the price drastically declines.
full member
Activity: 224
Merit: 155
March 28, 2024, 06:20:12 PM
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

Yeah that's actually very clarifying, however I wonder why someone could even think of selling a large amount of his Bitcoin holding even if he has other intentions of using the funds on, however even if his intentions is to venture into other assets shouldn't be a reason for someone to sell a large amount of his Bitcoin because regardless of the needs or intentions to venture into other investment what should be mostly considered is the potential and how real it is, so considering all this things Bitcoin should always be the major investment for everyone because unlike every other investment Bitcoin has shown that is the best investment that can put a smile on someone's face in the future only if they hold.
hero member
Activity: 546
Merit: 398
Leading Crypto Sports Betting & Casino Platform
March 28, 2024, 05:39:19 PM
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.
Yea, of course the best time to buy is the dip, but no one can know when the dip will come which makes it not the best time for new beginners or inve8who have just started accumulating bitcoin. It is hard to predict the movement of bitcoin and that is why it is not a good strategy to be waiting for the dip, because that investor will probably miss out.

DCA method is the best because it gives you the opportunity to buy bitcoin when the price dips, pumps or stay sideways. It is also stress free an gives you the opportunity to grow your bitcoin investment gradually, provided you are doing it the proper way. DCA and hodli for long and you will be happy with the result that you will ha e in a long-term.
legendary
Activity: 3654
Merit: 9972
Self-Custody is a right. Say no to"Non-custodial"
March 28, 2024, 05:38:26 PM
I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.
Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.

Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.
Exactly.  There is a need to stay focused, because whether you are able to invest $10 per week or $100 per week, you are going to really end up diluting your investment if you are fucking around with various shitcoins that may or may not perform.. and the chances of them performing is surely not good.. especially if we consider both upside and downside.. and if we consider places to invest for the longer term such as 4-10 years or even longer.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

So yeah the timeline can take a really long time, and three full cycles is not unrealistic, if we consider that you are accumulating BTC the whole times and you may have started out without a lot of resources, and perhaps your discretionary income is not very high... so it may well take way more than 3 cycles, since in traditional investing it can take 30-40 years to really make progress, and if you are able to cut that in half to be able to make a lot of progress in 15-20 years, then you are likely way ahead of where you would have had been with a strategy that did not include bitcoin.

I am not sure what you mean by bitcoin defi, except if you are suggesting that guys need to be careful about any of that stuff, then I will agree with you.  There are needs for normies to be striving for simple and straight - forward strategies to accumulate bitcoin without any bells and whistles and from time to time to move their accumulation levels to private wallets that they maintain in a secure way... if there comes some time that guys might want to fuck around (trade or play with various yield and/or leveraged products), then if they could at least limit their exposure to such likely gambling behaviors to 10% of their bitcoin holdings, then at least they will be attempting to satisfy their curiosities within some moderation that is less likely to cause them to be recking their lil selfies.

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure you don't necessarily have to work once you've sold off your holding.

If you believe that a smart person should spend 10 to 20 years investing in bitcoin and then sell it off in order to get into fiat, then you must either be retarded and/or you are failing to recognize and/or appreciate the long term HODL value of bitcoin - especially once you have spent enough time accumulating it and becoming empowered by the strength of its value storing/appreciating capabilities - even if there might continue to be decently large amounts of BTC price volatility, anyone who believes that s/he is planning to get out of bitcoin is likely not even investing into bitcoin, and is failing/refusing to actually understand bitcoins value proposition and/or the likely ongoing strength of its investment thesis.

It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.

There is nothing wrong with starting a business, but there still might not be good reasons to sell large portions of your BTC in order to accomplish such.. .. but hey, yeah to each his own.. .. You are free to employ your seemingly short-sighted plan to potentially go from better to worse all that you like.  None of us can necessarily persuade you that you might be employing your capital badly if you consider selling all your BTC for such a purpose to be a wise employment of capital.

By the way, don't get me wrong..  There surely can be a large number of needs that normies have to invest into themselves, their skills and/or their education in order that they can move up the income ladder and also to increase their earnings whether that is from having their own business or working for someone else who is willing to pay more when you have gained and attained certain skills, education and experiences.

I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

There is some truth in what you are saying, even though I still get the sense that you are a bit naive in terms of how you plan to deploy any advantages that you may well end up getting by having your BTC in profits, yet in one sense, you are surely correct that a guy who is more aggressive in his accumulation of BTC may well end up in a way better place than a person who is more conservative and even some guys might be accumulating bitcoin with very little commitment.. so in some sense the more aggressive that you can be in terms of accumulating bitcoin, including potentially having decently large portions of your income going into bitcoin and also cutting down on your expenses a lot in order to accomplish such aggressive levels of BTC investment, then you may well end up having much better performance and being able to cut down the number of cycles that you would need to be in bitcoin in order to achieve similar or better results than a guy who is way more whimpy and reserved in his bitcoin investment..

so yeah think about a guy who might be able to invest more than 25% of his income into BTC as compared with a guy who is ONLY investing around 1% of his income into BTC. .and the guys might also be in comparable income levels but the guy investing more than 25% would have decent chances of having 25x greater profits as compared to the whimpier guy (assuming that the whimpier guy is not investing into other things that might off-set the results..

Of course some balance may well be needed in life too.. so each person has to figure out various kinds of balances in regards to his health or building family and relations, so sometimes, a guy could damage himself if he is being overly aggressive in his investment into BTC if he otherwise sacrifices some areas of his life and/or well-being that should be maintained and/or built.. which sometimes also costs money to accomplish those other balancing things.

Anyhow and in any event, a guy still may well end up achieving a lot of value and price appreciation in his BTC and wealth, and so then he has more options to carry out other goals.. but that still may well need to be balanced in terms of how much BTC to cash out of or even varying ways to adjust the BTC holding strategy based on potential desires to diversify out into other investments and/or consumption after achieving greater wealth because of earlier aggressiveness in his BTC investment and approach to BTC accumulation.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

You may be correct in your various points and/or your conclusions FinePoine0.. but I would be careful in terms of expressing these kinds of matters in terms of such black and whiteness, especially since it is surely possible to lose money in bitcoin, including that you could lose up to 100% of your bitcoin investment.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

We are not talking about trading in this thread.. or even selling.. so you sound like a trader rather than being an investor.. which seems to not be what we are talking about in this thread.

[Edited out]
You don't only buy on weekly basis and there are
major factors to be considered in selecting the intervals of your dca which includes the following.
1. Your investment goals as regards to time horizons

2. Your financial situation

3.  Market trends.
You can click here for more details https://kriptomat.io/finance-investing/how-to-choose-the-right-interval-for-your-dca-strategy/#:~:text=Investment%20goals%3A%20Your%20time%20horizon,advantage%20of%20quicker%20market%20movements.

That article is not bad in order to flesh out what is DCA and why and how to employ DCA - however, it seems to a bit incomplete in terms of getting into some of the nitty-gritty in regards to why weekly DCA might be preferred, but also reasons why a person might choose to alter the time period and choose a different time period.

It seems to me, that it would be good to establish weekly as a kind of default - best practices when it comes to bitcoin DCA investing, especially for the newbie.. .. yet of course, even a newbie may well need to figure out some other kind of interval in the event that his cashflow situation might be somewhat irregular and also if he is trying to figure out various aspects of his financial situation related to emergency funds, reserves and float.. and surely the idea of "financial situation" addresses some of this, but it is way too vague in order to really give us some ideas regarding how a guy realistically should be figuring out how to delve into either initially establishing his BTC position and/or getting into some kind of a 6 month plan that might be adjusted after the first 6 months or perhaps extended another 6 months if it seems to be working well in terms of balancing his getting to some kind of initial BTC stake and then continuing to work on BTC accumulation goals... that might be more difficult to put in place in the beginning but may well become smoother after the guy had spent a year or two investing, whether weekly or some other suitable interval between BTC purchases.

[edited out]
This is quite right. No one of us can predict what price of Bitcoin will be in coming weeks or months. It's best to set some target value at which you will buy or sell

Why do you feel some kind of a need to try to be fair and balanced in terms of talking about buying and selling, when we are not talking about selling in this thread.. ..

The emphasis is in this thread is to figure out and to compare and contrast ways to accumulate BTC.. and selling is not part of the more basic BTC accumulating strategies... so fuck selling in terms of describing it as a basic strategy - absent if you have already reached your accumulation goals and have already overly accumulated BTC and have actually gotten past your buying and accumulation stage of your BTC journey, which is the topic and emphasis of this thread.

because we don't know what exactly is price is coming weeks or months. Today price is $70k and what price will be month after we don't know.
200-WMA is good indicator for us to make a decision about when to buy. When 200-WMA and spot prices are close then it's good time for accumulation.

Yeah, but if you are new to bitcoin, then anytime is good to buy. .and so it might take a whole cycle before a BTC accumulator might start to get into extra strategizing around something like the 200WMA.. yet sure, sometimes, we might come to bitcoin and actually already see that BTC prices are at, near or below the 200-WMA and we might be able to recognize some extra motivation to become more aggressive in our BTC accumulation strategy than what we otherwise would have had been.

You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC.  So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.
https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.

Yeah.. sorry about that.  Bitmover is working on it, and hoping to get it resolved soon... perhaps within the coming days..

Bitmover provided a status update in this post from yesterday.

Edit: Upon further reading of the posts of the thread, I see that bitmover already responded to address this matter..

Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?

Even if you started buying $100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters.  The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.
It was mid of 2017 that I first came to know about Bitcoin and it took me few years to buy my first Bitcoin and only a year ago I got mature enough to know that real benefit of Bitcoin is in DCA. I am DCA now and it will take me few years to get adequate number of Bitcoins.  
https://dcabtc.com tools provide previous data that motivates us to invest in Bitcoin in DCA manner.

Of course, it is better late than never in terms of your own decisions to become more active in regards to investing into bitcoin with DCA and even perhaps in a somewhat regularly aggressive kind of way, instead of what seems to be your inclinations to try to time you BTC buys, which may not really do you any favors until you get to a certain higher point of your BTC accumulation.

So yeah it would be difficult for any of us to really know if another person is being sufficiently aggressive enough in his BTC accumulation and/or if he is otherwise employing strategies that are sufficiently suitable and tailored to his own circumstances - as in the 9 factors that I had outlined in one of my earlier posts.

Many of us likely realize that many newbies to bitcoin and even guys who are in their earliest of stages of BTC accumulation will become overly greedy and/or overly risk taking because they believe that they are too late to accumulate bitcoin and they think that they need to make up for the time in which they had not been sufficiently and/or adequately stacking sats and/or when they might have been employing inferior techniques in regards to actually accumulating BTC.  So, from my perspective, if you are really getting into regularly stacking BTC (sats) and you have some sufficiently aggressive measures in place, then you are likely going to be quite a bit ahead of both normies who are economically similarly situated as you and also ahead of another version of yourself who had not decided to aggressively stack sats.

and yeah sometimes it can take 2-3 cycles or even more to really achieve a meaningful amount of bitcoin and/or wealth, and surely there are some disadvantages in regards to some of the BIGGER financial players coming on board and offering efficient on boarding avenues to a lot of folks, institutions and governments who would have otherwise not been ready, willing and/or able to buy BTC (referring to the ETFs), and so yeah, BTC's price is quite likely going to continue to be driven up due to these kinds of ongoing short-term price pressures.. which drives up the price for any newbies coming into bitcoin and might even cause some of the newbies to either not invest into bitcoin or to even sell bitcoin that they have because they wrongly consider themselves as either too late or they believe that they might be able to sell and to buy back more cheaply.. which surely are dumb and/or ill-informed kinds of perspectives in regards to appreciating bitcoin's current and ongoing value proposition.

So yeah, it is going to continue to take a lot of normies a long time to get into bitcoin and an overwhelming majority of them are going to end up having to buy bitcoin quite a bit down the road and at quite a bit higher prices than current prices.
hero member
Activity: 1176
Merit: 579
March 28, 2024, 03:22:02 PM
They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.
Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.

Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.
legendary
Activity: 2212
Merit: 5622
Non-custodial BTC Wallet
March 28, 2024, 03:12:52 PM
You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC.  So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.

https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.


We are having technical problems with the coingecko API. They want to sell their paid plan...

I am working on it, I  will come back here with more information once I fix it!
Code:
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        "status": {
            "timestamp": "2024-03-28T00:23:30.584+00:00",
            "error_code": 10012,
            "error_message": "Your request exceeds the allowed time range. Public API users are limited to querying historical data within the past 365 days. Upgrade to a paid plan to enjoy full historical data access: https://www.coingecko.com/en/api/pricing. "
        }
    }
}
full member
Activity: 196
Merit: 134
March 28, 2024, 02:19:40 PM
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as
I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.
Don't be so sure. If you stack a lot of bitcoins maybe when the price was low that would make you have a lot of bitcoins which if holed for long would give lots of profit. Now the thing is it is not by how much you have accumulated that would certain the amount of profit. What give you a better profit is how long you are willing to hold the little or much bitcoin you have bought.For example, when bitcoin was below 2$ earlier adopters bought bitcoin, some bought multiple while some only buy some few like 1 or 2. If the investor who bought about 20 bitcoins sold 2 years later and the one who bought 1 or 2 never sold till today. The investors who had the least bitcoin would be on a greater profit than the one who had bought more. Just so you know that the best way to gain massive profit is buy never selling your bitcoin yet, whether it is a fraction, whole or multiple just try and hold it for long.

I disagree with you on this, the size of your Bitcoin investment determines how much of your profits. However other factors to be considered includes your buying entering points and how long you where able to hold your investment they most all work together in other to have a substantial amount of profits.


Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.
sr. member
Activity: 266
Merit: 217
March 28, 2024, 02:10:48 PM
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not.
I say again, fuck crypto. Bitcoin is not the same as crypto, Bitcoin is far more better than crypto currency. Bitcoin is not a get rich quick scheme and crypto newbies should know that.
Quote
Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.
The future if bit Bitcoin is better than the past days. IMO in future people will buy and buy and buy Bitcoin, a lot of people that has invested in Bitcoin during the past will not want to miss another chance so try will buy Bitcoin, the most important thing they should do now is to know the process of accumulating Bitcoin. It's not a get rich quick scheme and it's something they have to keep carefully.
Quote
Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.
Yeah every investors should go into long term investment with DCA method and they should also hold, without holding you won't be able to make massive profits. Also one should always take every advantage to buy Bitcoin ones they have money, buy during the dip, accumulate and keep buying.
newbie
Activity: 12
Merit: 0
March 28, 2024, 02:10:07 PM
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder.That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

The first best time to buy was yesterday and the second best time is today and it is always now if you are considering long term investment in Bitcoin,  you don't have to wait for any dip or bear trend but with your dca strategy you are already there in the market while any dip or bear trend can only be seen as an advantage of buying wholesomely at a cheaper price and having more quantity.

You have to be specific when making use of the word crypto by not generalizing Bitcoin operation in terms of other coins because Their performance solely depends on Bitcoin if you want to say Bitcoin just say Bitcoin.

Timing the market and sell when we are in a bull run or at the top of the price or near all time high as you said sounds more like a trading strategy who's intention is only to buy low and sell high, those who should be talking about selling are those who have attained higher level in their Bitcoin investment in as much as we are not talking or emphasizing on selling but to accumulate and hodl for as long as 5 to 10 years or more.


Your very right about this, I've seen many newbies like me in the past just watching bitcoin grow and not taking any action towards buying bitcoin because of the price of bitcoin, but since I heard that I can buy bitcoin even with small amounts and accumulate over time with DCA I bought the idea and I'm planning to implement next month once I receive my salary, even if it's a little amount, to me it's better off starting than waiting till you have huge amount to buy at once with a lump sum when you can start from where you are with DCA and it also helps us to be less bothered about market volatility on our portfolio.
member
Activity: 112
Merit: 24
Bitvest.io★ Play Plinko or Invest!
March 28, 2024, 01:57:20 PM
I left for a while to get ahead with some research concerning what DCA is all about, so basically it's all about splitting your capital into equal parts and investing then on intervals, so let's say I have 500$ to invest in bitcoin, I can just divide it into 4 parts which would be 125$ and invest them weekly,
Not exactly what they mean. Because from your explanation you sound like dividing your income into 4 parts and be investing %25 every week, if that is what you mean you got it wrong. Investing in  DCA can be quit different from people narrative, First of all you have to get a job which either pays you weekly or monthly if for example you get a weekly payments of about $100 just for example, you may decide to split it into 4  parts which may be 25 * 4 $25 for bitcoin Investment &25 for emergency $25 for reserved fund $25 for feeding and note my application might differ from your own you can as well invest as low as $10 in Bitcoin per week $20 for emergency $20 for reserved and $50 for feeding depending on how large your house hold may be . But if you are Alone you may decide to also invest $30 in Bitcoin per week and program the rest as it suites you. DCA strategy is just a strategy to accumulate btc per week by buying bitcoin in fraction or Little portion and also setting aside some other fund so that it will not affect your accumulated btc by selling it off when it's not yet time. And mind you in which ever way you decide to split your investment it doesn't matter what matters is how you can be able to maintain the system of accumulation continuously without having a thought of selling the btc, because the btc holding is the main Target 🎯 so selling it when it's not yet time is just like wasting your time.

and I learnt we do this to reduce the impact of market volatility on out investment.
According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you May buy when the price is low and also by when the price is high. When you buy in some week it is low, you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly.
You don't only buy on weekly basis and there are
major factors to be considered in selecting the intervals of your dca which includes the following.

1. Your investment goals as regards to time horizons

2. Your financial situation

3.  Market trends.

You can click here for more details https://kriptomat.io/finance-investing/how-to-choose-the-right-interval-for-your-dca-strategy/#:~:text=Investment%20goals%3A%20Your%20time%20horizon,advantage%20of%20quicker%20market%20movements.


@Kwarkam I think it's best you get started with accumulating bitcoin than getting more knowledge that you are not using, the only way to get ahead and really achieve any result is to start buying bitcoin and worry less about the best way, its been said on this thread so many times that you can't know all the details untill you get started yourself, so instead of getting these information just to pass them around you would better start using them for yourself.

@tmooz your right a lot of thigns can actually affect how we plan our DCA buying and one of the can be our investment goals, if someone is planing on getting to a particular level in his bitcoin holdings he would actually need to allocate more disposable cash into bitcoin, and if the person has more time line to invest he can put more of his disposable can into bitcoin without been affected by it in any way.

Beign smart to invest more in bearish market is a smart move to get ahead in investing but that does is not the case for new investors that needs to start buying bitcoin than to be bothered about when is best to buy bitcoin.
member
Activity: 336
Merit: 76
★Bitvest.io★ Play Plinko or Invest!
March 28, 2024, 01:51:55 PM
Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly
yeah DCA is one of the best and common means to accumulate bitcoin. And when using the DCA method to accumulate one don't need to bother his self with timing The market and all that. DCA also help in minimising one risk , Because it gives one the chances of accumulating at different price interval , and also help in increasing one coins in his portfolio. And also using the other strategy is still nice would also help in increasing your stashed expecially when you have good cashflow.
Secondly, we should not be concerned with wanting to buy every bitcoin dip when we do not have enough money to cover that. We should have a good income source and use 10% of our salary to accumulate bitcoin with the DCA strategy since bitcoin is a long-term investment, so we will have enough money left to take care of our financial needs.
yeahhhh , buying the dip is also a nice strategy in accumulating bitcoin. But not something one should always depend on before purchasing bitcoin, because so time the dip one is expecting may not occurs. And may cause one to miss out big thing, by  reducing the rate of one accummulation or Making one not to have any bitcoin stashed. As an investor that have the mindset of long-term investment, should always plan ahead.   As you accumulating    using DCAing. You can set aside some reserved funds for buying dip ( especially those with not enough cashflow). So that you don't have to always bother yourself with buying the dip .
full member
Activity: 546
Merit: 170
March 28, 2024, 01:21:22 PM
In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.

If you go 9 months back from today then in Jul 2023 price of Bitcoin was around $30k and it went down to $25k in Aug and Sep 2023. That was kind of ideal price for Bitcoin accumulation. The point is not many are willing to buy when Bitcoin is down and when Bitcoin price went high they start waiting for price to come down and this cycle keep on repeating.    

and these guys are not making mistakes by being aggressive prior to the BTC price going below the 200-WMA because no one would have been speculating that the BTC price was going to go so low and to stay there for so long.  But it did.

This is quite right. No one of us can predict what price of Bitcoin will be in coming weeks or months. It's best to set some target value at which you will buy or sell because we don't know what exactly is price is coming weeks or months. Today price is $70k and what price will be month after we don't know.
200-WMA is good indicator for us to make a decision about when to buy. When 200-WMA and spot prices are close then it's good time for accumulation.

You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC.  So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.

https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.


Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?

Even if you started buying $100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters.  The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.
Quote

It was mid of 2017 that I first came to know about Bitcoin and it took me few years to buy my first Bitcoin and only a year ago I got mature enough to know that real benefit of Bitcoin is in DCA. I am DCA now and it will take me few years to get adequate number of Bitcoins.  
https://dcabtc.com tools provide previous data that motivates us to invest in Bitcoin in DCA manner.
full member
Activity: 238
Merit: 113
★Bitvest.io★ Play Plinko or Invest!
March 28, 2024, 01:14:54 PM
DCAing don't really matter if the market is high or low, so you don't have to wait till the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.
Just make sure that when you DCA, you're not spending the money that you're going to use for your food or utilities.

That's the reason why it is important to consider as well on what kind of money you'll use as you DCA. But some investors goes to the tough path and they're spending money that's allotted into something important but they are sacrificing that expenses to buy Bitcoin.

But don't do that, it's why we're all advising everyone to have some other source of income and only invest what you can afford to lose.
Secondly, we should not be concerned with wanting to buy every bitcoin dip when we do not have enough money to cover that. We should have a good income source and use 10% of our salary to accumulate bitcoin with the DCA strategy since bitcoin is a long-term investment, so we will have enough money left to take care of our financial needs.
member
Activity: 98
Merit: 30
Eloncoin.org - Mars, here we come!
March 28, 2024, 01:09:55 PM
I left for a while to get ahead with some research concerning what DCA is all about, so basically it's all about splitting your capital into equal parts and investing then on intervals, so let's say I have 500$ to invest in bitcoin, I can just divide it into 4 parts which would be 125$ and invest them weekly,
Not exactly what they mean. Because from your explanation you sound like dividing your income into 4 parts and be investing %25 every week, if that is what you mean you got it wrong. Investing in  DCA can be quit different from people narrative, First of all you have to get a job which either pays you weekly or monthly if for example you get a weekly payments of about $100 just for example, you may decide to split it into 4  parts which may be 25 * 4 $25 for bitcoin Investment &25 for emergency $25 for reserved fund $25 for feeding and note my application might differ from your own you can as well invest as low as $10 in Bitcoin per week $20 for emergency $20 for reserved and $50 for feeding depending on how large your house hold may be . But if you are Alone you may decide to also invest $30 in Bitcoin per week and program the rest as it suites you. DCA strategy is just a strategy to accumulate btc per week by buying bitcoin in fraction or Little portion and also setting aside some other fund so that it will not affect your accumulated btc by selling it off when it's not yet time. And mind you in which ever way you decide to split your investment it doesn't matter what matters is how you can be able to maintain the system of accumulation continuously without having a thought of selling the btc, because the btc holding is the main Target 🎯 so selling it when it's not yet time is just like wasting your time.

and I learnt we do this to reduce the impact of market volatility on out investment.
According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you May buy when the price is low and also by when the price is high. When you buy in some week it is low, you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly.
You don't only buy on weekly basis and there are
major factors to be considered in selecting the intervals of your dca which includes the following.

1. Your investment goals as regards to time horizons

2. Your financial situation

3.  Market trends.

You can click here for more details https://kriptomat.io/finance-investing/how-to-choose-the-right-interval-for-your-dca-strategy/#:~:text=Investment%20goals%3A%20Your%20time%20horizon,advantage%20of%20quicker%20market%20movements.
newbie
Activity: 0
Merit: 0
March 28, 2024, 12:59:02 PM
I left for a while to get ahead with some research concerning what DCA is all about, so basically it's all about splitting your capital into equal parts and investing then on intervals, so let's say I have 500$ to invest in bitcoin, I can just divide it into 4 parts which would be 125$ and invest them weekly,
Not exactly what they mean. Because from your explanation you sound like dividing your income into 4 parts and be investing %25 every week, if that is what you mean you got it wrong. Investing in  DCA can be quit different from people narrative, First of all you have to get a job which either pays you weekly or monthly if for example you get a weekly payments of about $100 just for example, you may decide to split it into 4  parts which may be 25 * 4 $25 for bitcoin Investment &25 for emergency $25 for reserved fund $25 for feeding and note my application might differ from your own you can as well invest as low as $10 in Bitcoin per week $20 for emergency $20 for reserved and $50 for feeding depending on how large your house hold may be . But if you are Alone you may decide to also invest $30 in Bitcoin per week and program the rest as it suites you. DCA strategy is just a strategy to accumulate btc per week by buying bitcoin in fraction or Little portion and also setting aside some other fund so that it will not affect your accumulated btc by selling it off when it's not yet time. And mind you in which ever way you decide to split your investment it doesn't matter what matters is how you can be able to maintain the system of accumulation continuously without having a thought of selling the btc, because the btc holding is the main Target 🎯 so selling it when it's not yet time is just like wasting your time.

and I learnt we do this to reduce the impact of market volatility on out investment.
According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you May buy when the price is low and also by when the price is high. When you buy in some week it is low, you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly.
member
Activity: 98
Merit: 30
Eloncoin.org - Mars, here we come!
March 28, 2024, 12:42:06 PM
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as
I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.
Don't be so sure. If you stack a lot of bitcoins maybe when the price was low that would make you have a lot of bitcoins which if holed for long would give lots of profit. Now the thing is it is not by how much you have accumulated that would certain the amount of profit. What give you a better profit is how long you are willing to hold the little or much bitcoin you have bought.For example, when bitcoin was below 2$ earlier adopters bought bitcoin, some bought multiple while some only buy some few like 1 or 2. If the investor who bought about 20 bitcoins sold 2 years later and the one who bought 1 or 2 never sold till today. The investors who had the least bitcoin would be on a greater profit than the one who had bought more. Just so you know that the best way to gain massive profit is buy never selling your bitcoin yet, whether it is a fraction, whole or multiple just try and hold it for long.

I disagree with you on this, the size of your Bitcoin investment determines how much of your profits. However other factors to be considered includes your buying entering points and how long you where able to hold your investment they most all work together in other to have a substantial amount of profits.

member
Activity: 98
Merit: 55
Eloncoin.org - Mars, here we come!
March 28, 2024, 11:53:42 AM
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon eFi, it might be one of the biggest narratives during this cycle.
well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure you don't necessarily have to work once you've sold off your holding. It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding. For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.

I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

IMO I think it's also possible to live off bitcoin rather just selling off all your holdings unless for a good reason, you know bitcoin is also one of the best asset compared to others, like real estate when one has reached a fuck you status in real estate he could be getting a monthly dividend of above 5000$(just an estimate and this depends on how much he has in properties), and this is also achievable too with bitcoin, have you considered studying Jay's sustainable withdrawal method, that's what I've been currently reading at my leisure time and I think you should too, cause I don't think bitcoin is an asset that anyone should be thinking of selling of so easily or just mere because of profits, yeah this would have been a lame idea if bitcoin can not be passed down to other generations but that is possible and doing this shouldn't even be a problem for us cause we are investing with money that we don't need and wouldn't miss even if the plan don't fare well.
sr. member
Activity: 322
Merit: 330
March 28, 2024, 11:28:03 AM
There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
If we give people this affirmative assertion about investment in Bitcoin, it can do a lot of damages in their psychology which will affect them on the long run. Some of the dangers of giving this kind of assurance about Bitcoin investment are:
  • It might make them take unnecessary risks such as borrowing money to invest in Bitcoin with the intention of paying back with the expected profits
  • It will lead to complacency and over confident and this could lead to irrational decisions
  • When newbies have this mindset, there are chances they might become tired when the expected profits is not forthcoming, in this situation, you never can tell what they will do with their investment
We have to tell people the proper information which is that their risk associated to every investment and Bitcoin is no exception. Just that the risk of Bitcoin investment is drastically reduced when the investment is made with "4-10years" maturity target, this not being a fixed number, just an honest estimate

So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
Why not simply use Bitcoin instead of mentioning cryptocurrency which somehow lump Bitcoin together with the numerous shitcoins? Many people have used the terms cryptocurrency to lure unsuspecting people into their scam project that end up making even Bitcoin appear bad. So, to avoid confusion and since we are discussing Bitcoin investment here, we should limit our choice of words to Bitcoin. I hope you get my point?
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