Topic: Buy the DIP, and HODL! - page 104. (Read 142078 times)

The Only possibility of people to check the market can only be to know when best to buy the dip just as you have explained. but aside that, I don't see reason why someone will be checking his portfolio how it grows when you have known within your mind the total asset you have and the equivalent value in respect to the current price of bitcoin at any given time. Checking the growth of portfolio should not even be considered since it's a long term investment. It sound somewhat childish to me. For me I don't see why we keep on emphasizing on the market fluctuations when we should be awear by now that the only reason for that is taken advantage of the dip to accumulate more.

I feel that if an investor observes the regular market after investing and gets excited due to negative or positive changes in the market, he will never be able to hold his investment for a long time. A person is monitoring the market to invest continuously but if another investor checks after investing little by little how much profit or how much loss he has, but this will create obstacles in keeping his investment for a long time. People who have such habit should invest in bitcoins and forget about their investment after investing and check their investment again after certain period of time. Thus hoping every investor will be successful in holding the investment in long term plan.

The various websites do not tend to get the number of bitcoin wrong, so they tend to be pretty close to one another, as you have shown, yet sometimes they do not calculate the BTC spot price value of your BTC holdings correctly, so sometimes it is good to manually verify.. and also sometimes we have to double check the dates, since Samlucky O's earlier version did end up having a mistake in the date, and he was saying that it was for 5 years, yet the date in the search bar and the results ended up being for 4 years rather than for 5 years.

Sometimes, the difference end up being quite great, so sometimes it is worth it to verify the results so that we might not misstate the points that we might be trying to make, whether we are engaged in historical analysis or if we might be trying to project into the future, and for sure if we are projecting into the future, we can ONLY attempt to do our best, since we don't know the actual prices in the future as we would be able to find out for the past... we also are likely to be dealing with several uncertainties in regards to our own income/expenses/discretionary income and even various factors underlying how we get to those numbers. since the facts are likely to continue to change, and sometimes in very unexpected ways... yet we still should attempt to try our best in terms of attempting to figure out most likely scenario and then various extremes on either end.. and even if we might try to prepare for both the base case scenario and the extremes at the same time, we should attempt to moderate our approach so that it becomes less and less and less likely that we end up getting reckt, even if there might be some scenarios that are more advantageous for our own situation.

Bitcoin investment will determine your success in the future, and it will keep you safe from unnecessary risks and overtrading dangers.
Because Bitcoin is a long-term investment system. The consistency of profits should be measured over a long period of time, for example, month after month or year after year. A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.

What you mean is that an investor after making an investment will be ready to sell his investment if he sees a positive or negative change in the market after regularly monitoring the market. No it is not correct at all because monitoring the market regularly does not mean that he cannot prolong the investment. Investors gradually become more experienced about the market as a result of regular market observation. There are many people who constantly monitor the market while investing, the main purpose of which is to see if the price of bitcoin has decreased in the market, if the price of bitcoin decreases, they will take the opportunity to buy more bitcoins during that dip. Many also observe how much their invested portfolios grow as the value of Bitcoin increases.

I feel that if an investor observes the regular market after investing and gets excited due to negative or positive changes in the market, he will never be able to hold his investment for a long time. A person is monitoring the market to invest continuously but if another investor checks after investing little by little how much profit or how much loss he has, but this will create obstacles in keeping his investment for a long time.

People look at the value of Bitcoin for a number of reasons.  Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins.  Checking daily prices means finding a very good time.  This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.

Bitcoin investment will determine your success in the future, and it will keep you safe from unnecessary risks and overtrading dangers.
Because Bitcoin is a long-term investment system. The consistency of profits should be measured over a long period of time, for example, month after month or year after year. A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.

Thats not all. I think it is based on the financially level of the investor, risk management and the duration/longevity of the investment that will determine what strategy best suit their goals. A newbie with a little knowledge can practically lump sum if he has the amount, he can choose to buy on dip even if it is not advised to time the market and he may also choose to dca. We may consider lump sum as a beginner to be an aggressive approach. It all depends if the said investor has more than enough to lump sum and still have enough for his daily live.

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We should internalize (for our own understanding of taking responsibility for our own finances), and we only have ourselves to blame if we make mistakes, so the longer that we are in bitcoin, the more we should learn how to either not make mistakes or to make mistakes at such a level that none of the mistakes end up causing us to sell any of our BTC at a time that is not completely at our own choosing... .. and yeah, it is up to us to create situations in which make sure that our mistakes our contained within limits that are within our own tolerance, and some guys would actually consider it O.k. to sell some or all of their BTC, which I would personally find unacceptable to end up in that level of mistake.  So, we each have to figure out these matters, and hopefully get better and better and better... including hopefully making sure that we are able to increase our disposable income so we can buy more bitcoin with the passage of time.

... yet we still should attempt to try our best in terms of attempting to figure out most likely scenario and then various extremes on either end.. and even if we might try to prepare for both the base case scenario and the extremes at the same time, we should attempt to moderate our approach so that it becomes less and less and less likely that we end up getting reckt, even if there might be some scenarios that are more advantageous for our own situation.

For people who like to Buy the Dip and Hodl, I think they will not be too affected by the very volatile Bitcoin market conditions because in the end they can also be very happy when they see the Bitcoin price almost touching a new ATH level again at the end of this year. We can all imagine how happy those who are still holding Bitcoin until now who may have bought it at a lower price at the end of last year are. And I think for now there are not many people who are stressed except for people who have already released Bitcoin into the market in large quantities at a slightly lower price.

People look at the value of Bitcoin for a number of reasons.  Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins.  Checking daily prices means finding a very good time.  This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.

For people who like to Buy the Dip and Hodl, I think they will not be too affected by the very volatile Bitcoin market conditions because in the end they can also be very happy when they see the Bitcoin price almost touching a new ATH level again at the end of this year. We can all imagine how happy those who are still holding Bitcoin until now who may have bought it at a lower price at the end of last year are. And I think for now there are not many people who are stressed except for people who have already released Bitcoin into the market in large quantities at a slightly lower price.

all these concepts you've outlined doesn't really play a great part in your long term investment, they might be necessary in some instances but you just have to have basic knowledge on them and proceed to investing without necessarily being stuck with them. For instance, Finding the ideal investment strategy doesn't require much time to identify one and like it's been said over and over again, starting off with a DCA amount is a good way at the entry level and even when you've stayed long, you will still discover that buying with the DCA methord is still the best way to go. Volatility is a nature of Bitcoin so you just have to come to terms with the fact that thier will by different market conditions at different times but those are not reasons to slow down on your investment or try timing the market for best buy period. mastering the best time to buy is not something anyone can assume to have known even if they've stayed long in the Bitcoin ecosystem. The market is not one that's fixed by anybody so the best speculation might end up being false which is the reason why the DCA method helps conquer those kind of stress. Trading should be totally out of the plan as long as you're investing for the long term except you want to remain almost stagnated for a long time.

The simple and most important routine is to set up a DCA plan that incorporates a place for an emergency fund and ensure that you stay disciplined enough to follow it up to the latter. The rest of your decision will come along your investment journey.

I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

 ¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.

People look at the value of Bitcoin for a number of reasons.  Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins.  Checking daily prices means finding a very good time.  This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.

A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.

People look at the value of Bitcoin for a number of reasons.  Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins.  Checking daily prices means finding a very good time.  This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.

I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

 ¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.

I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

 ¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.

Those who believe in long-term investment will not really care much about the volatility of the market and they will not always wait for opportunities but they will invest in Bitcoin regularly. The biggest advantage of investing in Bitcoin on a regular basis is that if you invest in this method, you never miss an investment opportunity because there is continuity of investment on a regular basis. We have no preconceived idea about the market so when the market will go to the maximum and when the market will come to the low but none of us know so we must invest consistently so as not to regret later if we have confidence in long term investment.

Obviously, you are being sarcastic and I understand it clearly.