Topic: Buy the DIP, and HODL! - page 10. (Read 121535 times)

Those who have invested in Bitcoin in the past are seeing a bright potential ATH but new investors may not be able to take advantage of this golden opportunity if they join the Bitcoin train. I remember and welcome Ruttoshi, new investors in Bitcoin want to make a profit by investing in short term and sell when the bull run reaches the top. New investors should invest in Bitcoin and that is for long term as Bitcoin maintains its fixed position after 4 years. New investors should invest BTC regularly according to the rules of the DCA method by developing the mindset of opening the door to a consistent possibility in order to be a pioneer in the rapid upward movement of Bitcoin.

Expecting Bitcoin to reach 100k or more I would say new investors should buy and hold for the long term. For new investors to come to the forum we should develop their enthusiasm and motivation and try to convey the knowledge of Bitcoin's success to them so that they are not deterred by any FOMO.

I get your point but it seems you don't understand what they're trying to say, they're not talking about hesitation of investment but rather being financially capable to keep up with Bitcoin investment which is very important, it's plats an important role for  successful investment cause someone that's struggling to make ends meets would find it difficult to kee buying continues which is one of the most effective and easiest method of Bitcoin investment. Therefore an investor most have a stable income, the investor mustn't be very rich but atleast must have an inflow of income to make ends meets and still invest effortlessly that's why i think someone with a job is not really qualified for Bitcoin investment cause they'll struggle to keep up, imagine taking loans to invest on Bitcoin or gambling and hoping to win and invest on Bitcoin such person is bound to fail cause Bitcoin investment is long-term and one of the easiest ways of being successful in it is continues investment.

Both of your discussions are very meaningful and relevant for new investors.  I would like to say a few more things about your important discussion.  Those of us who are new to investing in bitcoins must be patient and aim to accumulate bitcoins over a long period of time thus building a large portfolio in the future.  This is basically the right way, not the right way to invest in Bitcoin hoping for short-term gains.  Again, a certain amount of money should be kept every week or month using the dollar cost averaging technique so that you don't have to worry about the price fluctuations in the market.  A lot of hope for new investors is that the price of Bitcoin will reach 100K, in this case it cannot be sold in the hope of a lot of profit.  Long-term thinking should be kept in mind.  One day success will come if you keep it for a long period of time with patience.

Lately Bitcoin has been very impressive and of course it has created a new ath and what I remember is that BTC touched $76,849 and this is an extraordinary thing of course for BTC holders who bought it when BTC prices were cheap so of course now they are celebrating because of course their money has increased . Yes, I agree with you. Yes, this is a good sign for investors to encourage them to invest in BTC and hold on to BTC until the time comes to sell when the price of BTC is very expensive, for example more than $80k. But of course, if our hold it for a very long time, that will also be very good because in the future, BTC will have the potential to be more expensive.

Indeed, currently there is still an opportunity to be able to accumulate BTC and indeed we can use strategies like the ones you listed. and of course I like all three, but in my opinion what I like most about the three is the dca strategy and the buy the dip strategy. Yes, it looks like I still want to collect BTC because I believe BTC will have the potential to rise even higher.

Delete.

Of course, many of us likely recognize and appreciate that we can ONLY do so much to lead normies to bitcoin, so in that sense, there remains the somewhat well-known statement that "people get bitcoin at the price that they deserve."

There is ONLY so much that any of us can do to get normies to do what should be in their own best interest, which is stocking up on dee cornz.


You sound like the kind of guy who is going to end up selling way too much bitcoin too soon.

But, hey whatever, you do you.


Even your 0.37412944 BTC are going to be doing pretty damned good once BTC prices reach 7 digits, and you will be able to stop whining about how poor you happen to be.

 


You are probably correct, @Fuso.hp, yet your statement about investing a fixed amount of money for a fixed amount of time comes off as a bit confusing, especially since individuals likely need to adjust their level of aggressiveness in regards to investing into bitcoin in accordance with their own particulars, including that how aggressive that they are able to be wiill also affect how much time it takes them to reach their goals or to make progress towards reaching their goals or to measure their progress towards reaching their goals. 

Each person may also have to make frequent adjustments in regards to their strategies that  may well depend on their own chosen level of aggressiveness and even their chosen level of aggressiveness might not exactly be fixed.

I have frequently asserted that the more aggressive that any of us is going to be in our bitcoin accumulation journey, the more likely we have to be more organized in regards to our own cash management skills, and surely some of us might make mistakes from time to time in regards to the level of our aggressiveness in accumulating bitcoin, yet if we are learning from our mistakes and learning from the mistakes of others, we likely will figure out ways that our mistakes are mostly immaterial in the whole scheme of things and we are not getting taken out of the game or even coming close to recking ourselves since our systems should end up being robust enough to cover a decently large variety of circumstances in which if we continue to want to be as aggressive as we are able to be, then we may well be engaging in a decent amount of tweaking from time to time. 

Another thing that we might realize is that one of the greatest effective ways to tweak our plans is by increasing our discretionary income, and surely we might have challenges in how to  increase our discretionary income, yet there will also be value in not letting the perfect be the enemy of the good, so there should remain a certain level of flexibility in any kind of BTC accumulation plan (or even later on maintenance plan) that we are following so that we are not contributing towards causing ourselves to be stressed by BTC price moves in either direction (or even if BTC prices might remain flat for periods that are longer than expected).

Ever since Donald Trump won the US presidential election, we have seen the rise of Bitcoin and I am strongly optimistic that Bitcoin is going to touch six figures in just a few days. Looking at the market hype, I predict we may not have to wait until 2025 to reach six figures. This is just my prediction, Bitcoin is almost impossible to predict accurately. I am optimistic that Bitcoin will be able to touch $100k this year itself.

Bitcoin has changed ATH twice in the last two days which to me looks positive for the Bitcoin market and I think Bitcoin will continue to pump for some time now and Bitcoin may see less liquidity in the market for some time to come. At such times we should not focus on sales at all. Many investors are waiting for six-figure sales. Some investors have changed their plans and set seven-figure targets, which can be a positive plan for an investor. Even if the number of users in the Bitcoin market increases after Trump's victory, we may have to wait two or more cycles to reach seven figures. It is bound to say that we need a lot of patience to reach seven figures, which will not be possible for everyone.

You sound like a trader for saying that new investor can join the bitcoin train now and make profit when the price surpasses the current ATH. A new investor should not invest in bitcoin now because he wants to make short-term profits and sell when the bull run hits its peak. That is not how bitcoin investment should be done . Any new investor that is coming into bitcoin should come in because he wants to invest and hodli for long in other to have a large bitcoin portfolio in future and not due to FOMO.

The only thing that I can say about bitcoin price reaching 100k is that, it should be a big hope and encouragement for any new investor who starts his bitcoin journey now to know that bitcoin has the power to increase in value exponentially, so that he will take his bitcoin investment journey seriously with persistent and consistent DCA weekly accumulation over time in order for him to hit his bitcoin target and not to sell along his way up.

It is not late for a new investor to start his bitcoin journey despite the price of bitcoin because you are to invest with your discretionary income and hodli for a long time.

I don't think investors have to wait long to invest if investors are making consistent investments. By continuous investment we mean investing a fixed amount of money at the end of a fixed period of time. A series of investment strategies are generally calculated based on the investor's income. For example, if the investor receives a monthly salary, then he must invest a certain amount of money consistently monthly, and if the investor receives a weekly salary, he will invest weekly. However, even though investors adopt different strategies for investment, everyone's strategy should be the same, that strategy is to invest continuously and the most important strategy of this continuous investment is DCA investment. Generally this method is considered as the easiest and most effective method of investment. In this way, investors are successful in implementing long-term investment plans.

I never said that it should matter. Bitcoin is a permissionless system. ANYONE can get in the system, whether it's a Heroine dealer, a ransomware hacker, a fake I.D. salesman, a swindler/fraudster, ANYONE.

The context of what I said was, the U.S. government is coming for your Bitcoins, and plebs like us should NEVER give it to them. We front-ran them long enough to sell at a mere six digits.

Because of the Bitcoin Strategic Reserve, I therefore change my personal viewpoint. I no longer care for six digits, it's NOW SEVEN DIGITS! - $1,000,000 per Bitcoin.

does it matter who's interested in buying your Bitcoin and whatever reputation they hold? We've been in this thread long enough to know that this is definitely not a time to sell and if truly Trump, the US government or any other big institution wants to key into bulk buying of Bitcoin, we are already aware that it's going to have a positive effect in Bitcoin price and having a good chunk of Bitcoin will be to your advantage which is enough reason why selling will never be an option for now.

After looking at how the effect of the  outcome of the election reflected on Bitcoin price, it has served as enough encouragement that long term investment is the way to go and that along the way, a lot of things will play out that will taste how much of a long term holder one is.

When the US starts building her Bitcoin portfolio, it's likely they will still use the same manner Elsalvador is using by DCAing a particular worth of Bitcoin per day and if that's the strategy, getting who to run the trade with wil never by a big issue. Most of the holders that have less than 0.5BTC won't have a significant role to play in effecting that trade but that also does not mean that it's a set back they will face while implementing thier plan of using Bitcoin as her reserve.

This is the strategy i have adopted and it has been really helpful, i don’t have to think of bitcoin price all i do is follow my investment plan. People are able to make profit from their investment and it’s good news for every bitcoin holder.

It’s never late to join the bitcoin train because bitcoin price will even surpass the current ATH and even new investors can make profit from it. Some will think the price is too high enough to join but investing using DCA is the best strategy for new investors. DCA strategy is good for every situation even when price is going higher you can invest and still make some profit. As said bitcoin has the potential to reach $100k and even surpass the $100k mark so it’s never too late for anyone.

Definitely, not too late at all.
But those that think it's too late, let them be. But ladies and gentlemen that have been too patient become legends and once legends, becomes profitable. 

I know that I have posted some shower-thoughts and personal opinions that might be from the stupid to the controversial, BUT there's one advice that I definitely know that everyone MUST FOLLOW,

DON'T SELL YOUR BITCOIN TO THE U.S. GOVERNMENT, BLACKROCK, OR ANY OTHER INSTITUTION - PUBLIC OR PRIVATE

The U.S. under Trump will start building their "Bitcoin Strategic Reserve". There will absolutely be other institutions that will grab that Golden Opportunity to take that trade with U.S. Government.

At time like this DCAing still win it , so one just have to keep his DCAing going even those who started their DCAing weeks back are already in a good profit, which shows that bitcoin ain't  waiting for no one it's on its way to $100k and  above soon .  

Woke up  yestersday with a big smile 😊 on my face after seeing BTC recent price , and now BTC ATH is around the price range of $76k and there's still more space for growth , and the funny thing is that now is still a good time to hop in so those that are thinking that is already too late, it isn't you can still start now . I thought the same back then like a year back but now I am feeling like an early adopter  

I love this, the young and energetic age is when you should make some real good decisions and not wait until you are old, weak and weary to come to your senses and make some good financial decisions that you might not have the mental, physical and financial strength to contain.  Young people should be encouraged to take over their financial involvements by investing in what can guarantee their financial future like investing in bitcoin with their discretionary income and yes these young ones can make daring sacrifices like cutting short their relaxation time and dedicate it to developing themselves to earn better income and as such increase their discretionary income and invest more in bitcoin, they can also take up an extra job or something online or offline just to fuel or/and maintain their bitcoin accumulation processes so it can integrate seamlessly in their lives. The amount spent on frivolities and flexing too by young people is alarming and if they can cut these down by even 20% to 30%, discretionary income for bitcoin investment would not be a problem to most youngies at all. Most of them have limited responsibilities as compared to older investors and can follow up their investments easily only if they decide to be committed.

My point is that young ones have a lot of energy to expend and if those energies are channeled properly, they have more chances of improving and remaining committed to their investments for a longer period of time thereby securing their financial future with bitcoin.

Although I subscribe to the preceding sentence in italics, but the subsequent one in bold is not concurrent with my thinking process.

There's patterns to this term called sacrificing and it must not be self-victimizing like most people project it, sacrifices can come as you trying to manage yourself more and use your free time to achieve more, truth be told we waste a lot of time daily on less important stuffs, taking up a side hustle to start you investment journey is a sacrifice, Trying to upgrade yourself in your field is a sacrifice that would open more doors for you as a person and planning your day properly that you mitigate against constant waste of time is still a sacrifice that pays you off, It might even surprise you that doing your work diligently at the office and giving your best is still a sacrifice because you can do it averagely and still possibly not be victimized.

So in essence, you can make sacrifices to start your bitcoin accumulation journey by any of the following:

• Taking up a side hustle to build emergency funding and increase discretionary fund for your investment
• Cutting down on frivolities to service your accumulation journey
• Planning your finances properly and managing your cashflows properly and dedicating a portion of it no matter how small to your investment
• Looking out for ways to improve yourself and make more money to increase your cashflow

The list can go longer, but this is my mind limitation based on personal experiences for now

With DCA, you can grow gradually, building your emergency fund side by side with your portfolio, and over time it would be part of you and you continue seamlessly and with your emergency funds built up, then you can divert the funds previously directed to your emergency funds to increase your accumulation amounts and grow your portfolio faster bearing your accumulation target in mind.

This statement is pointing at short term gain, the reward of bitcoin accurately comes from a long-term involvement, their reward would be that if the prices does not go back to $60k - $64k again like it was earlier, then they bought at good prices compared to those launching into the market now to buy bitcoin, anyways all are important since price appreciation comes from more people investing in bitcoin and bitcoin adoption is still open to everybody whenever they decide to join in, so even as at now, anyone deciding to invest in bitcoin is joining at a fairly good price compared to another who joins maybe at a time that bitcoin crosses to $80k and the person of $80k is better off compared to those that enter the market at $90k and son on, so whenever you take-up the idea to start investing into bitcoin, you are still on time, because bitcoin potentials in the nearest future would be very mind-blowing.

From my perspective, it is not fair to characterize investing as if it were easy, since if investing were so easy, then why don't we have more investors?  An overwhelming majority of normal people do not invest, and they barely live paycheck to paycheck and perhaps at most they have enough savings to be able to live one or two months if their income were to dry up.. ..

So, surely I am not going to presume investing to be easy, even though there are some straightforward and basic strategies involving investing (and saving) that surely should be in the grasp of an overwhelming majority of people, so there is some elements of investing (and savings) that are within the grasp of almost anyone to be able to learn and put into practice, yet still many folks do not put such sound practices into place.

Many folks consider others to be rich if they merely have 3-6 months worth of expenses in their savings (and/or investments).

So, one way of measuring how good of a saver (investor) we are is to figure out how long we would be able to live off of our savings (investments), and the longer that we are able to live off of our savings/investment, the more successful that we likely are... and surely if we are able to get our savings/investments to such a high level that we are able to perpetually live off of them, then we should consider that to be financially successful too, even though there are not very many people who actually end up meeting that status, even if they might spend 30-40 years or more working to get to such a status.

But, yeah, the skills needed to reach such status are within the grasp of any one of us, even though it surely can take quite a bit of persistence and focus to reach such status, including abilities to protect any savings that we have (which likely means investing it into assets/currencies that are going to largely hold and/or appreciate in value at least as high as the debasement of the currency).


There is a certain level of payment that comes to those who both planned and ended up acting upon their plans, versus those who sat on their hands, even if they planned and their plans did not end up with execution rather than just waiting.  We see that waiting has not tended to be a good plan, even though people continue to talk about it (and promote it) as if it were some kind of a meaningful plan.

So, yeah, for anyone who had either not acted or their plan overly involved waiting rather than acting, maybe they will learn a lesson and start to act rather than wait?  That would be the smart thing to do, but I am pretty sure that there are many folks who still have not figured out that waiting is not a great plan, and they will see these latest moves UPpity in the bitcoin price as a justification to wait rather than to act... hahahahahahaha.. and they can have fun staying poor, if they cannot figure out that the better of plans in bitcoin is to get started and to act, which largely means, buying consistently, persistently and ongoingly until you have enough or more than enough bitcoin, which could take many many years, at best to carry out the reaching of enough or more than enough BTC.

Buddy though we all say is not easy to hodl for a long-term yea but that's mainly because people fail to plan, Bitcoin investment and holding is also easy but that depends on individual, as an investor that understands that Bitcoin investment is a long-term stuff there should be back up funds and discretionary income too, these are plans that will make you as investor to keep buying and forgetting for a long-term, problems must occur that's why an investor should be prepared for it, after all DCA method has made it easy for people to keep buying with what they can afford, sustain continuously and keep hodling for a long-term.
As a good strategist when embracing or embarking on investment, there are things you must consider, first and foremost you must be prepared to face any abstacle along the line hence you understand the investment itself, anyone that considers tampering his portfolio or investment at any point should be seen as a short-term investor or someone that fail to do the needful by preparing for what he sees as a problem.

No matter the financial mess you are into, I don't think withdrawing your asset is the best option, Bitcoin has a maturity stage which also depends on whether the investor has accumulated Bitcoin to the level of his satisfaction, the number of years should be from the minimum of 10 years upwards so an individual using problems as excuse to withdraw was never prepared or never planned to hodl for a long-term,  as bitcoiners we should have fund set aside for daily needs an other unexpected problems which is likely to occurs in other to avoid tampering our investment which is not suppose to be an option in the first place

Couldn’t have said it better, congrats everyone, onwards and upwards!!!

For all the coulda, shoulda, woulda it’s still not too late 

This could end up in a massive philosophical discussion... I understand what you are saying, yet I wouldn't go that far and give them the point to call Bitcoin a "Ponzi". It would totally abandon the concept of tangible and intangible value. You could call real estate a Ponzi, you could literally call anything in a Ponzi. Some treat it as a Ponzi indeed, but they benefit from the fact that the majority does not consider Bitcoin a Ponzi. Bitcoin does produce value as much as options produce value. The fact alone that Bitcoin is an option on my things gives it value without actually instantly putting cash into our pockets. It puts pressure on payment service providers, it allows people to transfer value from legacy systems into a decentralized network that allows them to take full self-custody, it allows them to transfer value across boarders which otherwise may not have been authorized by authorities or banks, many other features that translate into value. A Ponzi scheme is not about creating new value, it is about juggling around the same value such that people get the impression there is more value created. That's why I am not quite on the same page with you because why would I accept a definition proclaimed by someone who has no idea about the matter?

"a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."

This, to 0%, applies to Bitcoin. 0%. In contrast, it does very well apply to many of the shitcoins because in fact many of the shitcoins from 2015,2016,2017, 2018 gathered tens of millions, but there has never been a real enterprise as was promised. That's much closer to a Ponzi.

Bitcoin is a real thing and there is a reason why there are wallets that go untouched for over a decade. If it was a Ponzi, then it would be a pretty good Ponzi given its lifetime and constant expansion and the fact that no authority in the world was able to stop it. Tell me what Ponzi could not be stopped by authorities.