Topic: Buy the DIP, and HODL! (Read 128797 times)

Don't be confused by the title of the thread, it can only be an inspiration and op has used it to motivate investors to be more motivated to use Bitcoin. You can't expect dips every time during continuous investment, you should keep the mindset of saving at different prices and try to HOLD. It is like a habit and saving Bitcoin with the daily needs of the family and your own financial satisfaction for the future. The need for a backup fund is certainly there, but the guys should be aware of the intentional need for your backup/floating fund right after starting Bitcoin and have an alternative funding arrangement for small emergencies to enrich their own enlighten future.

You should not see the need to be backup fund to start Bitcoin, you should only focus on the continuity of any amount of savings regularly. (Additional backup fund in the initial stage which is an obstacle to starting your investment.) The need for floating cash/backup fund must be there and you should be sure to ensure its supply from the disposable and periodically.

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A person who would dare to say that he truly believes Bitcoin will surge to more than $10,000 per Bitcoin during 2011 is a VISIONARY.

It's easier to make a projection of Bitcoin going from $3,000 to a six digit valuation or more during 2019 than it is to imagine Bitcoin surging from $1.00 to $100 during 2011 in my opinion.

In fact, in the case of Bitcoin investment, the investment must be long-term, because without long-term holding, we will never be able to achieve success from Bitcoin, we cannot just invest at will, this investment must be maintained for a long time and to maintain this investment long-term holding, we must have all kinds of funds ready. Because we can face unexpected situations at any moment, and we must have all kinds of funds ready to deal with this situation.
Reserve fund, backup fund, emergency fund. These funds are definitely necessary if an investment is to be maintained for a long time, because you can face unexpected expenses at any time, at that time if you do not have any funds to meet those expenses, then you will have to sell your holdings compulsorily, as a result you may face losses at that time.
So you should always have funds ready for all kinds of situations, have a stable good source of income, and decide to invest a certain percentage (based on your income) in Bitcoin on a weekly or monthly basis using DCA for at least 10 years. And continue holding it continuously, only then can you get much better from Bitcoin, which may be much higher than your expectations.

even though the place of setting out emergency fund for your investment can't be over emphasized in an investor's investment journey, @john_egbert is still very right with his suggestion because what really matters more is that you start investing first and then you can talk about setting up your emergency funds, your reserve or float.

that he is a newbie and for most other newbies, when you tend to talk about setting all these things in place before investing or setting them in place while investing, it tends to make it look like the process of investing in bitcoin is some cumbersome process that involves too much fund before even getting started. at the start for most of us, we did not even know what emergency fund is but still started with the little we had and did it to the point when the need to be intentional about our investment became a necessity and then we applied all the best investment strategies and made the setup of a emergency fund along the line.

it is not that i am against what you said, you actually put some icing on his point which is very good but at the start, what really matters most is to start with an amount you can allow stay for the long term, once you have started that way, it becomes easier to implement other best investment strategies that will aid you stay invested in the long run.

You are right however you can still invest what you are willing to invest with and still need it later, and the reason why that will happen is when you don't have a backup funds so when advising someone to only invest what his willing to you should also tell them to have backup funds such as emergency, float and reserved funds in other to prevent them from needing the money they used for investment.
Some set of people invested with the money they were willing to invest with but because they didn't have backup funds that will help them when ever they meet emergency or any issue they end up dipping hands into there Bitcoin investment, so what will help you hold your Bitcoin for cycle or decade to come is not only investing what you are willing to but also having very good backup funds and being patient.

The strategy is already said in the title of the topic 
Just do it with the money you are willing to invest with. And you won't need it for the cycle or a decade to come.

Some people really just caught up on some bad statement that getting loans is really bad. While actually there's really nothing wrong for asking it especially if you have good intention to use it on things that can possibly generate you some profits. Same goes with business which some businessman get some loan to expand their businesses and I think it apply the same thing especially if you are dealing with long term investment with Bitcoin and don't plan to sell it anytime soon since there's huge chance that your loaned taken would be so worth it since it gives you good returns.

If they use their borrowed amount for trading or other risky matters then provably that they are spending their borrowed money in wrong way. Also people should know how much they can afford to take and if they are capable to pay those loans they take so that there would be no big problem that will happen to them in future and they can also pay on agreed time on where they borrowed that money they use.

Your direction is very, very reasonable in this case because until now I am sure there are still people who sell Bitcoin just to meet their own family needs or more precisely their own basic needs so that the person does not remember that what he is selling is the best asset of all time and it has been proven through its value since Bitcoin was created until now.

So I think everyone who already holds Bitcoin and intends it as a long-term investment, he does not need to be more tempted by the profits that may not be much when there is an increase in the price of Bitcoin because in the end he can also get something more than the amount of profit when he continues to hold Bitcoin after making gradual purchases through the market that he often visits. Well, the conclusion is that it would be much better to maintain Bitcoin and spend others like fiat when we have to meet our basic needs in life.

I think that you are getting it twisted, a new investor who wants to start his bitcoin investment shouldn't start with a loan. It's when you have already started and have set up your emergency funds and reserve funds that you can take this kind of loan from your working place so that you don't end up messing things up for yourself. Your emergency funds shouldn't be tampered until a real emergency arises.

You should also know that it's not compulsory for you to use all your discretionary income to invest in bitcoin weekly, you can share it and use 70% to invest while the other 30% will be with you. So borrowing money to invest in bitcoin from such places like your company, will not affect your monthly expenses at all because you will have to trim down your expenses and reduce your regular 70% DCA amount from your discretionary income to 50% in other to balance with your expenses.

Before making such moves, you must have consistently it based on your financial strength and your own case scenario playing around you at that moment.

Surely each person is in a different place in regards to his ability to accumulate bitcoin, and surely getting started early helps, and if there are ways that any of the newbies are able to increase their income and/or to dedicate a lot of their income towards buying BTC, then they surly have better possibilities to accumulate more bitcoin, especially as compared to folks who are not engaging in such BTC accumulating efforts.

It is difficult to speak for other people, because there are a lot of people struggling to be able to invest, and sometimes it is difficult to bring up the quantity of discretionary income that a person has.  Even in my own situation, I figure that I got lucky, and I had several jobs that did not pay very much and I did not come from wealthy parents, so in some sense I got luck in terms of the kinds of income that I was able to achieve, including spending some time doing lower paid (and even no paid jobs in order to later be able to receive some higher paid jobs.. . that then provided a lot of discretionary income... and then surely later I got lucky to find bitcoin and to figure out that it might be good to invest into it... so even newbies to bitcoin may well feel lucky to have had discovered bitcoin, yet they still need to act to invest and hopefully they are in a position to generate some extra discretionary income in order that they are able to invest into bitcoin.


Not bad.

2 and 5 are problematic in the optimal strategies, since 2 might lead newbies into thinking that investing into shitcoins is a good idea, when it is not and there is likely no need for a newbie to diversify beyond bitcoin and cash in the beginning, and perhaps several years later diversification might start to become more relevant.. and in regards, to 5, many investment advisors (if you can find one to advise you for free outside of this thread/forum.. not that we are giving investment advice here) don't know shit about bitcoin and are likely to refer you into inferior products, such as ETFs (so they can make a management fee) but still not bad overall from the AI output as a starting point, yet guys also have to figure out their cashflow management and figure how much they are able to invest without investing beyond their discretionary income. .which  maybe also accounting for the 9 individual factors that I account for in my earlier post...


There is no guarantee if you sell that you will be able to buy back cheaper, even though surely sometimes guys do end up making mistakes and they need to sell, so surely guys have to figure out how to deal with their own particular circumstances and rebalancing their strategies from time to time and also figuring out if they might be engaging in practices that might not be good for their overall BTC accumulation techniques and/or objectives.


Some of you guys, including you Churchillvv, are a bit harsh on the idea of getting loans, and sure there can be a lot of ways that loans are abused and misused, including if guys are expecting the proceeds from their bitcoin earnings to pay off the loan, then they are gambling with the loan rather than investing.

There are ways to get loans and to be able to service the loans whether the investment (in this case bitcoin) does well or not, so a person should assess his ability to service the loan in his decision whether to get the loan, including the cost of the loan and including whether it is worth it to pay extra fees to front load investing into bitcoin versus just buying BTC aggressive with his salaray at the pace that his salary comes in, rather than front loading.... so if the guy front loads his investment into bitcoin, yet bitcoin goes does in value (price), then he is going to be forced to continue to service his loan from other sources and realize  that he may well have bought bitcoin at higher prices than he would have gotten in the event that he had not gotten the loan...

Getting loan is not a black and white choice, but it is not one that necessarily is obvious either way since it does have quite a few actual and potentially extra costs (and extra risks).

Basically this installment type of loan, the style of investment where you borrow money to invest on a valuable asset, and be paying off your debt bit by bit from your pay check is called good debt, though it's actually good no doubt, but it depends on the kind of job you are doing, like how secured is the job, like job security and how huge is your salary to cover up for all expenses including emergency fund aside without you falling back to your investment at some point.

So what am trying to say is that taking this kind of loan can be very good only if their is job security in your place of work,  the interest rate is extremely low, and the salary is huge enough to offset all expenses including an emergency fund aside after paying part of the money you borrowed through installment, and lastly, when investing in Bitcoin through this means, it's mandatory that you have to be on the top of your game when it comes to planing and budgeting, because one wrong spending can disorganize your financial plan for the month if your emergency funds is not huge enough to carry the burden.

In fact, investing in Bitcoin with debt is a really bad strategy, Bitcoin is unpredictable, and Bitcoin's movement is unpredictable, no one can give you any accurate direction on when and where Bitcoin will go. And the most important thing is that Bitcoin will never guarantee you a profit. So since there is no guarantee of your profit, how can you decide to invest in Bitcoin with debt?
You are taking a loan, that is, you must repay this loan with interest, now if you invest this loan money in Bitcoin, Bitcoin can cause more loss instead of giving you a profit. Because the movement of Bitcoin is unpredictable, it can decrease and increase at any time, so due to this unexpected movement, it may return you less money than the amount of the principal amount you invested in the future, because the value of Bitcoin may decrease at that time, (this is also possible). So how will you repay that loan with interest?
So you should definitely invest only that money, which even if lost, will not have a big impact on your life. And you must have a stable source of income, and invest a percentage of your income through DCA.
Taking loans in the hope of quick profits can often lead to bigger losses. "So not with loans", with patience and proper planning, buy DCA with the amount of money you can afford and decide to hold for a long time (at least 10 years). Only then can you get a lot of good from Bitcoin.

It depends from where you are borrowing the money from, how much you are borrowing and your financial strength. If you have a job and discretionary income and you saw an opportunity for you to frontload your bitcoin investment, you can borrow funds to buy bitcoin and pay back from your income gradually based on you and the lender agreement. I work in a company whereby if you want a car loan or house loan, it will be given to you and will be deducted bit by bit from your salary every month. Many of our workers are on this loan to live a comfortable life and they're paying back gradually from their salaries.

Anyone working in such places can borrow money to invest in bitcoin that's an asset with great potential to generate profit in the long run, instead of buying a car that's a liability. I have also borrowed money from my Boss to invest in bitcoin and I was able to pay back after 3 months with ease because he deducted it from three months of my salary.

It's when you don't have any income or you borrow a huge amount of money that will become a big problem for you to pay that the interest will keep on increasing and will frustrate you to the point of selling all your bitcoin, that's bad to borrow money to invest.

You should not take loans for investment, no exception because investment has risks including Bitcoin, having debt also has risks and this will cause you to face two risks or problems that will frustrate you.

Although Bitcoin will guarantee you the right to profit especially in the long term you have to think about how long you are in debt and continue to pay your installments because Bitcoin does not guarantee you will get profit in a short time and this must be thought out very well because anything can happen unexpectedly which will frustrate you if it does not match your expectations.

Do not despair and do not get used to borrowing because it will not make you successful, do it according to your abilities and try or do not give up to find or get other sources of income so you can invest and that is a very good thing because it is the result of your own hard work. And besides that you do not have to immediately invest in large amounts in Bitcoin because there is a DCA strategy that can help you grow your holdings will be large in the long term if you do it routinely or periodically.

Whenever you think about the price of Bitcoin, your inner greed can work, so you have to immerse yourself in it to keep yourself alert. Whenever you can see the benefit in investing in Bitcoin, you can sell it immediately, so you should be careful. Bitcoin investment always points to a positive direction, which is the easiest for investors and helps reduce risk.
You have to deposit Bitcoin in a specific wallet and keep it for a long time, and you have to find more external sources of income to meet basic needs. You have to hold Bitcoin carefully in such a way that you do not have to sell Bitcoin to meet family needs.

Put differently, loans are never advisable for investment especially when it comes to bitcoin and perhaps it's not a get rich quick scheme so in bitcoin you're looking at an investment that takes longer years to get to a status that requires sustainable withdrawal but in this period how do you cope with the loans then it also becomes a problem.

As long as the plan is for your bitcoin to serve as a long term investment then you would have to get a job then buy as much as you can afford to buy without compromising your daily survival or as long as you can still foot your bills, having kept some require funds that can sustain you within the period of 4-6 months which is called an emergency funds etc then you're probably good to go. I don't advise loans but loans are also necessary for other investment but for bitcoin it might end up forcing you to sell at a point where you can't to pay on time which is not an option.

No matter what it is not even advisable to take loan to invest in bitcoin.  In bitcoin investment you must earn for you to be able to invest that is why it is an investment that one needs to have a source of income which you do not need to borrow. I think the only reason that would make one to borrow money to invest bitcoin is due to desperation,  just to make money quick  and when you depend in taking loan to invest bitcoin it is very possible that the investment won't last long. Loan for investment is stressful,  it is better to get a source of income , no matter how small it maybe you can afford to invest with the amount you can afford and your investment will keep going smoothly.

Which is better you accumulate your bitcoin and hold it for long time so that whenever Bitcoin appreciating price you will definitely make a profit, one thing that make some people not to hold Bitcoin for long time is because of trust and inability to exercise a patient by holding a bitcoin for long time because once you hold a Bitcoin I don't think that you have escape making a profit through Bitcoin so it is better for you to hold Bitcoin knowing that when it increase you make a profit but out of Fear and the panic that is what means from the people not have become a billionaire through bitcoin investment so my advices that holding up Bitcoin has advantages if you can have the mind to hold it for long time

Yeah, if you are new definitely you want the price to be lower so that you can start building your stash. But you don't have control of the price so most likely just look at the bigger picture. It's going to be very hard in the building to build your portfolio, but if you look at the future, it will make sense that you need to be steady and consistence and doing your DCA.

I just remember that it's mentally tough in the early started, but if you get to the point of no return, then that's where you will appreciate the body of a slow accumulation. And they can do it right now, start slowly and they have the best opportunity as well when we enter the bear market as the price will be at a discount. Nevertheless, DCA will be our friend, and even if you are caught off-guard, you can sell some and then go back again. And in matter of weeks, as I have experienced, you are still back in your position.

Borrowing will never be a good choice to do by people since they need to pay the interest of their borrowed amount and with that already they already lose some amount with those percentage they need to pay for lenders. Also I think its irresponsible action and they take their investment in wrong place especially they already come up with such situation which they borrowed some money just to continue their accumulation. That's why as other people say invest only what they can afford to spend on Bitcoin since for sure they would not face any hardship in life if they always come clean without having issues on their investment. Since they might be in big trouble if there's a situation will came that they struggle to pay their debts and market is in bearish situation for sure those scenario could lead them to lose all of their funds on Bitcoin, so people should think about doing this thing since those individual doing that is not responsible person so think more better and don't be so aggressive in this way.

That's why its important to learn how to separate those funds for investment and for other more important things since doing this discipline could make us became more better investor.