Topic: Buy the DIP, and HODL! - page 100. (Read 142054 times)

Cold to see how far we've gone, moving close to what we all hoped for with Bitcoin reaching a new ATH of $75k. Those who were anxious to know if Trump emerging as the winner of the just done election will have an impact, i think now we have a more accurate answer to that, i might not be all about the whole election banter but even with the result i still don't expect the price to keep on going onwards from here, i see some piece of break to happen before we can head further to some newer ATH before the year runs out.

I believe we all have been expecting this part of the market, hitting a new ATH isn't a surprise only for the way it happened following Trump's victory. Our expectations for our ATH of this year isn't limited by the current, we expect something beyond the $70k mark, Bitcoin above $80k looks achievable, so as we also should have in mind to keep our investment running, our utmost ATH is still expected.

Bitcoin has created yet a new ATH today from the previous price of $73k to current price of $75,358.70, this is a good sign to encourage investors to buy more and HODl and never to procrastinate. Never forget to buy now, since it's an opportunity that many never come again in the nearest future.

Don't forget to buy bitcoin with the following strategy

#Buy bitcoin through lump sum strategy
#Buy bitcoin through the dip strategy
#Buy bitcoin through DCA strategy

All works best for for a good accumulation process.

Investing and at some point selling your bitcoin investment due to some financial challenges is lack of having several back up funds like an emergency funds of 3-6 months of your monthly income and a reserve funds to backup your emergency funds. All these funds are very important to have as an investor because you don't know the unforeseen challenges that will arise during your investment journey. Back up funds is a necessity for any investor to have in order for him to be able to be successful in his bitcoin investment, otherwise, you will be gambling rather than investing. This is the reason you should use only your discretionary income to invest in bitcoin and build your back up funds for the rainy days.

Anyone can invest in bitcoin as long as he has a discretionary income and he is using part of his discretionary income to invest that he will not be needing for a long time, be it low salary earner or not. If a low salary earner does not have a discretionary income, there is no way that he will survive in his bitcoin investment because he must sell it when he needs funds for his needs.

Anyone is such situation don't have a source of income and funny enough I will advice anyone without a source of income never to invest but whereby the person receives monthly or weekly salary it's allowed reasons being known the person can always backup their investment in any situation. Low salary earners still accumulate Bitcoin but there's a way they plan towards holding they never get affected during the long run. I think learning about management is more important whereby the salary can be divided for needs and other plan also after all the left over  can be use to accumulate. Accumulating with little amount always is not even the problem probably afterwards the person can look for a suitable job, there's no perfect time meant for an investor  so long as they're doing well.

I want you to know that bitcoin investment is not the same thing as selling commodities. If people who are having trouble managing what they spend every day invest in bitcoin, they will all fail in their bitcoin investment because they don't have discretionary funds, which will allow them to freely invest in bitcoin and hold it for a long time. Bitcoin investment is not a quick-to-get-rich scheme, and you need to use the money that you will not need for 4-10 years or more to invest in bitcoin so that you will not sell off your bitcoin to survive if you see little profit from it. If you want to invest in bitcoin, you should do it in a way that you will not find it difficult to sort out your daily expenses or deprive yourself of some basic needs to invest in bitcoin, which might get you off the game, partially or permanently. I am surprised someone of your rank is saying this about bitcoin investment. Please don't repeat this anywhere again before you deceive newbies into believing that they can start up a bitcoin investment even when they are struggling to sort out their daily expenses.

Those who have literally did the title, you we're all legends. 
And, that was epic. 

That is why I like to advise investing even very small amounts, but nevertheless, so that the fact of investment exists. This allows such an investor to feel involved in the process of improving his situation. It also disciplines him. And this is important, because then he always thinks about it and in his life he begins to think a little differently.
And I am sure that each such investor will eventually find money, and at that moment he will be ready to be a truly serious investor in Bitcoin.

When someone fails to learn from their errors and take corrections, they'll keep repeating the same errors over and over again and that's why he keeps relating Bitcoin to ponzi, there's no way he can try to sugar coat his words to favour him cause relating Bitcoin to ponzi alone is a very big error and shows that he's not willing to learn from something he's been corrected severally on. In this space, learning is a constant process it doesn't matter the rank of someone and when you're wrong, you're wrong. However, the best thing to do is admit you're wrong and take the necessary corrections instead of trying to prove a point that's unnecessary, it's as simple as that cause there's nothing he'll say to would justify his words that Bitcoin has a ponzi like criteria or process. The word ponzi alone is related with scam activities that blindfolds victims from seeing the possible scam in future whereas Bitcoin investment has nothing relating with scam, so far investors follow the due process their expectations would definitely be met, which is profits in future. The only way people get scammed through Bitcoin is when they fail to secure their portfolio or indulge in scam investments out of ignorance or greed.

What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

 Yes, but the length of time you wish to hold it can be affected by your age. When you are young and have enough time to explore and take risks, you can keep investing and holding bitcoin for a relatively longer period of time(10-20 years or even more) because you are more open to risk taking and believe in the potential of bitcoin to secure your near future and might not be needing money for very serious needs anytime soon, but this might not be the same view with older people as most of them invest in bitcoin for retirement purposes and at retirement, they tend to pursue stability of their income rather than the volatility that bitcoin presents.

Another thing is that most older folks prefers investing their funds into an income generating scheme and bitcoin does not offer periodic or constant dividends like stocks, bonds, agriculture e.t.c that gives them regular funds to maintain their lifestyle since they are weaker to keep hustling very hard to fend for themselves and keep their accumulation process going, build their emergency funds and make available more money for handling their needs, so they rely on their savings for their upkeep and they might need to sell their holdings sooner to continue taking care of themselves at the long run.

People who get into bitcoin at a younger age has relatively more ability to go for a relatively longer term than those who got into it an old age, you age can influence your choice and convictions. There are many concerns that comes with old age like health concerns, upkeep concerns, and other concerns and not having a regular source of income like the active days can force the older investor to sell his holdings and convert it into his savings to maintain his lifestyle.

A new investor is prone to facing the realities of investing in bitcoin and the temptations that comes with having funds somewhere and restraining yourself from touching it for a long term and all. At those time, it is possible for him to fail and sabotage his investments sometimes in order to survive, especially if he is very aggressive with his investment. Sometimes, they might hit an emergency that overhauls their emergency funds and they fall back to their holdings, such scenarios are expected since he's new to the system.  It might take some time for him to reach the maturity of consistency and commitment to his investment, but it is very important not to give up until you reach such maturity of stabilizing your cashflow and not having to prey on your holdings.

Honestly, I wasn't that surprised by the performance of Bitcoin this year generally because this is what I was expecting earlier, and I think it has gone up to 75k plus in the wee hours of this morning, and to be honest here, I believe that most Bitcoin investors will be much more happy if it can rise and get up to the 100k milestone before the end of the year, but that's certainly not the peak price of Bitcoin, it can do even much more better in the future, just that the sad reality is that most investors will sell too early in excitement thinking that they have made a lot, not knowing that they are missing out on the bigger picture of what they stands to gain if they can hold a little bit longer.

Then lastly, I think that the major cause of the push in value of Bitcoin this morning is because of the US election going on, and since Donald trump's is a crypto enthusiastic, the price of Bitcoin is appreciating in value due to the fact that he is currently leading, but I believe that if he eventually wins, the bull run will definitely kicks in just as it happens last time that he won the election in 2016.

Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.

If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.

We can not generalize profits only in terms making an extra cash, I see the term profits in Bitcoin in general point of view which could mean any forms of financial advantage or benefits which includes all that you have said, Bitcoin usefulness are numerous hence they should all be seen as being profit which should be optimally maximized by having a reasonable size.


Basic knowledge of Bitcoin is what has been prioritized as what is required while you learn other things on your way up, the  question is are you convinced that Bitcoin is a good coin worth investing get the basic knowledge and get the fucking started if the money for investment is readily available, you can gain more of the knowledge and experience when you are in the market.

Yes investing in Bitcoin is not good idea if you are struggling with money. You need to have enough for your basic needs and some savings before investing. If you do not have you might lose money or have to sell when prices are low. If anyone wants to invest safely he/s need financial stability and steady income and savings that he/s won't need for 4-10 years or more. Do not use money meant for daily expenses or emergencies to invest in Bitcoin. Instead of this focus on securing your finances before considering Bitcoin investment to avoid financial risks.

It is not advisable to encourage some one who is still struggling with his life and daily living to invest into Bitcoin for it won't work out, which money will such person use in accumulating Bitcoin when he barely feed or what did you think will happen to his investment if an emergency or unforeseen circumstances occur don't you think he may decide to sell out his Bitcoin maybe even at lost for it could be that Bitcoin is at dip when he sell .
It is good to have a better cash flow before going into Bitcoin investment and it should also be the money you won't be need for long time 4-10 or more but it not be that you are still struggling with your day to day needs and wants to go into Bitcoin investment definitely it won't work.

I agree with your idea here. Many people just put hope on a particular price and time to purchase bitcoin which they end up keep waiting and maybe the price might be higher than they expected and with such event, they just feel reluctant and do not invest but it is not so. When such happens, they feel they have missed the opportunity to make profit  forgetting that bitcoin still have a long way to go and as a matter of fact, this is the early stage for one to take their position because in the near future, bitcoin price would much higher than what we see today.

The truth is that anyone who wants to buy bitcoin and have made a budget for it should just go ahead and buy it since they have the money for it because if they are waiting to see it at a particular price before they buy it, it just might not happen at that time they expect to see it at that price so it would be better they buy it  and hodl it for a long period of time.

I am 50/50 in this case because after all the purpose of investment is apart from protecting the value of the wealth we have from inflation, investment is also intended to generate future profits through the ongoing increase in the assets we invest so in this case the benefits of investment will still be another factor of the goals we want to achieve even though we are in bitcoin and still uphold financial freedom.

Being in bitcoin does have risks but in this case when we stay on the path we plan from the investment made then in the end we will not experience losses because indeed bitcoin will continue to grow so as long as we still maintain the assets we have then everything will remain the same where future goals and profits will definitely be achieved.
There is no such thing as a loss in bitcoin even though there are indeed some people who sometimes think that this is like a scam or whatever it is to weaken investors who are in bitcoin but in the end we must think that it happened because it was the fault of some people themselves who did not study further, did not recognize the risks that would occur and could not maintain assets because they panicked because the value they had was reduced so that it made them frustrated but when we remain firm with the initial stance where the long term is the goal then everything will be fine.

Well its unique to see those things that people said that they are not really for making profit since somehow for me its useless to deal with bitcoin for long term if you didn't aim that to happen. But although it always depend to the people acquire it on what he want to do for his Bitcoin since after all it serves many purposes or used depends on peoples need. But majority here really aim to get profit that's  why they choose to hold for long term since this is ideal investment option that can give them more realistic gain with no much other technical matters needed to do.

Bitcoin long term investment is ideal for newbie so I guess people should look at this as main thing if they look some good asset to invest aside from their physical possession.

The reason why majority of us hodl bitcoin for higher value later, other than what we need/use today is that, most countries haven't legalize bitcoin as legal tender. So many people still find it more difficult to see businesses that are accepting bitcoin in their region. So the only option they are left with is to buy it and hodl for as long as possible, so that they won't miss out. The more bitcoin get adopted and legalize in many countries, then we will see significant rise in use of bitcoin as what we need/ use today.

Another reason is because of the profitability that people have seen in bitcoin, that is making it look like most of us are now more concerned about buying bitcoin and hodl, and neglecting the other purposes that bitcoin was created for, such as payment for goods and services. People don't want to lose something as precious as bitcoin to pay for products or services, when there are still alternative way to pay for it. Unless that alternative is proving difficult to use, that's when they can turn to utilize their bitcoin for that regard.  But seeing how bitcoin has been appreciating over the years, it is only common that majority of people will hodl it as commodity rather than what we need/ use today

You actually have a good view about bitcoin investment. A lot of people who are investing in bitcoin now are only targeted about the profits they could make from it and that is the reason why we have so many short them investors who are only concerned about making a little profit from their investment and decides to sell just within a short interval of time without thinking about the worth and value of the asset they sold. I know that majority of bitcoin investors wants to make profits from their investment but that doesn't mean they should just think about making profits alone, they should see bitcoin as a store of value that has the tendency to even become more useful and valuable in the long run rather than being sold for short term profit making. We should see bitcoin like a precious asset that should be kept in our possession and not to be traded just for little gains.