Topic: Buy the DIP, and HODL! - page 109. (Read 122033 times)

Every person tries hard enough for the financial security of the future. They do that from the beginning to the end of their careers. But if a person can think a little bit about Bitcoin then he will definitely find its benefits. The amount of money that can be expected to be earned after 30 years of working life can be recovered in 10 years by investing in Bitcoin. Those who manage DCA for 10 years and collect bitcoins I am sure they will get more return from any other investment platform. Those who were previously in confusion without collecting bitcoins must not miss the opportunity this time. DCA in Bitcoin can definitely give an investor a bigger return in the long run than keeping money in a bank or other financial institution.

That's why having a budgeted amounts to be use on weekly accumulation is very important sometimes because let's take for instance your weekly targets is $50 on weekly basis depending your source of income, you will see that as time goes by sometimes the amount of Bitcoin you will accumulated will be very higher compare to the amount of Bitcoin you will accumulate with that amount when the price changes, so actually it varies because of Bitcoin price fluctuations that's why we need to remain consistent on our Bitcoin investment.


However in regards to this I think the decision about how long to hold is actually depends on the investors because everyone has there number of years they wish to hold however don't be surprised that the reason why somebody will decide to hold till he gets to 70 years could be because his intentions is for his children to acquire it.

I will disagree with on this, are you trying to tell us to buy altcoins because they are cheap, I don't see any advantage that altcoins have because they don't last long in the market and they are like gambling. Newbies can be misled with your statement because of the way that you categorize bitcoin with altcoins. Investing in shitcoin is a very BIG risk.

New investors should only invest in bitcoin and buy immediately they have the money to do so with the right discretionary income that will make them continue buying bitcoin with DCA so that you can grow and build your bitcoin portfolio and hodli for a long term. With your steady accumulation of bitcoin from 4-10 years and above, you will have a good profit.

Shitcoins are cheap and their value cannot reach where bitcoin is now and they will fade away with passage of time which makes them not worth buying to avoid losses.

I don't seem to see what you disagree about here, you guys are practically saying the same thing and that is the right mindset any reasonable investment should take to the market instead of believing the market is cheap to the point that it's risk-free simply because they are either experienced or investing with the long-term strategy. No strategy doesn't carry its own weight of risk, the only difference is that one is lesser than the other. Still, our preparedness matters here as nothing will shift easily if we do not exert the needed force and be wise in doing it.

Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.

AirtelBuzz you are getting it all wrong, kliss actually right. there`s risk in all investment but bitcoin risk can be easily minimize compare to others (altcoins, shitcoins ) especially as an long-term investment , that`s we always advice users to invest in bitcoin rather than to trade with it because the risk in trading is higher than the risk in long-term investment , because in longterm investment the chances of one selling in loss is low . Because one have already fixed his mind on longterm investment in bitcoin.   

Surely I have nothing against the idea and the actual practice of specialization, especially when it comes to something like trading - yet at the same time, even if one specializes in bitcoin (and bitcoin trading), generally speaking, it still is likely NOT very smart to trade an asset like bitcoin, except maybe small portions of your capital after you have a HODL stash.... so for example, if you think about bitcoin as an asset, it is one of the best (most pristine) assets in existence (and perhaps even the best), and even though it is quite volatile, it also has a lot of fundamental paradigm shifting qualities that cause a lot of ongoing potential for explosive upward growth periods in its price and the explosive growth periods are not very predictable, no matter how much you study bitcoin you might not necessarily see or appreciate the days that you need to have had been in bitcoin until they already played out an if you are not in during days that you should have had been in then you are left with less bitcoin than what you could have otherwise had... so yeah, traders can be cocky as fuck and even win 9 out of 10 trades, but then not be in on one of the trades and then end up losing most if not all of their earlier profits by not being in at certain times in which BTC ends up shifting up dramatically... so they are left with a dilemma to wait it out (which might not work) or to lock in their losses, which is buying back BTC at higher prices than they ended up selling... and these kinds of uppity explosive dynamics have taken place many times in bitcoin's history.


I know that I talked with you about some of these matter previously, and so yeah, it can take a while to build up an investment portfolio, and surely the younger we are, then the more likely we might be able to reach a kind of fuck you status at a younger age, and so no one can really tell us what an ideal age might be to try to reach fuck you status, since some people might be much older (even in their 40s or 50s) when they either come to bitcoin or maybe they start to become serious about reaching some kind of a fuck you status.

So there are advantages in having youth in regards to how much time a person might have to reach fuck you status, but at the same time, many times youthful people will frequently either make a lot of mistakes along the way and/or they might not have a lot of discretionary income until they have been in the workforce for a while or developed their skills, connections and/or just had times to increase their income and even figuring out how to manage their finances with focused intentions on investing.

I was talking with a friend of mine in recent days and he happens to be in his mid-50s, and even though I had been talking to him about bitcoin previously, I had to repeat some of my earlier conversation and also realizing that he is planning to work until he dies - which is a bit sad but at the same time seems to be a situation in which he put himself, and he still does not believe in bitcoin and has a lot of weird ideas about the benefits that come from investing in that at some point he should be able to stop working and not have to deal with the stresses of working - including I could see that he does not like working and/or having to follow direction..so it can become even more problematic when he is in his 50s and having to take whatever work he can get rather than having had already built up his nest egg so that he can be ready to stop working.. but he seems to have little to no vision in that direction.

Surely being able to stop working relates to the ability of our investments to support our standard of living, including anticipations that our costs of living may well continue to go up in terms of fiat, so it seems likely that our ability to measure whether we have enough bitcoin will relate to if we have come up with ways to valuate our BTC stash size and how well it might sustain our cost of living.. and to be able to do so in a sustainable way, because it likely would not be good to quit working and then to live off our investments, but then realize that we don't have enough, so we might lose our employability the longer that we are out of the workforce.. .so there likely would be some value to make sure that we have enough and more than enough before we pull any fuck you lever.

So maybe part of the point is that the earlier that any of us gets started investing in bitcoin and working towards fuck you status, we might not necessarily know how long it is going to take to get there, but the longer that we are investing and making various measurements, we likely will have some decent ideas when we are either getting close to getting there or if we might have had exceeded our goals.  At the same time, the mere fact that we are investing in bitcoin and building our investment portfolio, it is quite likely that along the way to getting to fuck you status or whatever level of financial reserves (investment) might be that we are trying to achieve, we are feeling more and  more powerful along the way, since any investment should give us more and more options ..even if any investment (including  bitcoin) can still take a while to build and to verify progress and also to verify that it is largely going in the right direction to be within the ballpark of some target goals that any of us might have established for ourselves and tweaked from time to time along the way of getting to our goals.

I think @Kliss is right and you are the one that is wrong on this. Perhaps you read the statement the wrong way and what it actually suggested was that if you do not invest appropriately and think long-term, then investment in bitcoin will be very risky for you. There is no lie in that statement because people who lose money to bitcoin are those who buy bitcoin and hoping to sell quickly and recover their investment and make profit. They probably invest bigger than their capacity and will not be able to hold longer should price refuse to pump, so they often sell at loss because the money put in bitcoin are money meant for other things and cannot be kept in bitcoin for long.

Investment in bitcoin becomes highly less risky with the right approach such as using the DCA method and setting up the necessary control measures such as emergency funds, reserve funds and any other thing that will sustain the investment. Like @JayJuanGee stated in an earlier comment, investment in bitcoin should be given between 4 to 10yrs as the minimum that is considered long term.

Can't you see that his actions are increasing the awareness of bitcoin, and more investors and liquidity are flowing in. That's just what I want you to understand, wether he keeps to his words or not bitcoin has nothing to lose rather it has everything to gain. That's just the angle I want you to see that political endorsement of bitcoin by politicians are spreading the good news of bitcoin, they are helping the bitcoin community do some form of evangelism. More people are getting confident in the whole bitcoin of a thing. The narrative of those that has been seeing it as a scam is now changing because top political figures are now identifying with bitcoin. Not that bitcoin will not survive with or without these things, but I just want you to understand that this moves are favouring bitcoin investors.

Congratulations. I think news and good reports like this are what I always look forward to seeing. 1.5years(weekly) is quite incredible, and seeing that you've still got the passion to continue your accumulation, shows you are working with a well planned DCA strategy. I think your contributions to this thread can also be helpful to some of us hear, as you've spent more than a year already accumulating, which means you are acquainted with certain things already, I assume.

Well, I think our level of accumulation and strength to continue with the accumulation will also determine the age at which one can start enjoying. But since some of the helpful replies under this thread has been to address new investors (sort of), which 8-10years has been an ideal ( most mentioned) time of investment plan.

Personally, I will like to continue my own investment, as long as I can still work and get funds to invest. Retirement age sometimes might not be as we've planned.

Today I have accumulated bitcoins and for me there is no other word than buying and continuing to hold. I have made purchases 72 times as I have exceeded a regular DCA that lasts about 1.5 years where every week I continue to buy even at different levels of execution. Different executions in the sense that the capital I spend sometimes varies from small or large amounts and it depends on how big the decline is that week.

From the previous post I think many people aim to hold their bitcoins until they are 70 years old. One side is quite good but today I think we should enjoy the results of our investments and maybe 55 years old is ideal to feel the results of the investments we make. However, it is up to each individual because some people regulate it in terms of 2 years or 5 years. But I think we don't miss our routine purchases every week before our satisfaction target is achieved.

Am sorry, I didn't address anything concerning Bitcoin hitting a new height or setting records. You might be responding to something very different from what I contributed to JJG's reply.

Incase you didn't go through my entire writeup, let me quote a summary of what I was trying to pass across.



You have a point here. I don't know about you, but this shouldn't get me excited or motivate me more to invest in Bitcoin. My reason for making Bitcoin investment is because I understand its true potentials and the future benefits that I will be getting. At least I won't regret taking this part.

But I still stand on the ground that "Bitcoin and politics might not work in hand".

Now, you've just stated that " Trump is saying some actual truth about bitcoin", which I agree with that fact, but would you expect him to tell a lie in the first place knowing he can also get support form the Bitcoin community?. He is telling the entire Bitcoin community what they need to hear. That's how politics plays, and that is how it has been playing. See, we are currently in 2024. The politicians we see today are up-to-date with the current happenings, and they are fully aware of what the people needs. All his saying are manifestos, and Bitcoin happens to be one of the strategies.

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Permit me to join this conversation.

When you talk about adoption,  I really don't get the point you are trying to make here.

Mind you, there are only two countries that has adopted Bitcoin as a legal tender, you might want to do the research for yourself. Now, you see, when something is declared a legal tender, adoption process becomes automatic. The people won't have any choice, as it's already accepted as a form of payment for debts and other stuff.

Now, you should also understand that there are other countries that didn't ban Bitcoin (i.e Bitcoin is legal). We can't really compare the adoption rate of Bitcoin in these countries to that of the two countries where it is legal tender. Some of the countries where Bitcoin is legal are US, France, Japan, France, Germany, Denmark, etc as far as I can remember. So you can see that, ban on Bitcoin isn't just the only thing that limits it's adoption, though there are adoption in these regions, but we can't compare them to that of the two countries where it is legal tender.


Even if the Nigerian Government remove the ban, we won't still get a fast and proper adoption, compare to when Bitcoin has been made a legal tender, and you should know by now that majority of the government won't consider that for the now, because they clearly don't understand how Bitcoin works and other excuses they might have.


It's actually based on the fact that Bitcoin is a legal tender in El Salvador. I doubt if their regulations on Bitcoin are up to 10% of what the US government has implement. El Salvador now see Bitcoin as a regular type of money (but in digital form), so regulations on Bitcoin shouldn't be too different from that of their fiat currency (that's if they have any).

Demand and supply is the major factor that controls the price of any commodity and the same applies to bitcoin. Bitcoin started growing from the scratch and got to this price because a lot of people have adopted it and the demand increases while the supply decreases every four years during the halving.

Other factors are minor factors and they are short-term but demand and supply is are long-term factor.

In addition, DCA limit the risk in bitcoin because it gives you the opportunity to buy bitcoin at various price interval, and very easy to implement. Since DCA is done with our discretionary income, it means that even if we lose that money it does not matter to us because bitcoin price might go against us and that will not be a problem. However, the odds of bitcoin price going against us is low and that is why one need to invest regularly and consistent as a new investor using DCA for up to 4-10 years and above because long term investment is the best.

Then you didn't grasp what I said properly, read well, I said is not risk free meaning there is risk involved in investing in Bitcoin.

I never mentioned or made references to shitcoins or Altcoins investment in my comment, @AirtelBuzz you bringing it up on this thread.  I was specifically talking about Bitcoin investment which is my only choice of investment in digital currency. I would never invest my funds in Altcoins and shitcoins, investing in shitcoins or Altcoins is a simple waste of funds. The opportunity bitcoin offers is very significant, there is no need to look side ways.

@Salamuh I think what pi network is saying is true demand and supply is not the only thing that drive bitcoin adoptions or increase or decrease bitcoin growth as the case may be, from my understanding the media influencers influences bitcoin decrease in a situation where by they mislead people in social media to invest in some shitcoins, in hope of getting a big return, motlsly in telegram, YouTube and other social media platforms and this cause a distraction making most bitcoin investors to move there fund from bitcoin and invest is scam projects and they lose in turn an cause decline in bitcoin. Emagine if an influencer distract an investors and they pull out 50000 numbers of bitcoin from the market, wount it cause a decline? And vise versa if an influencer leure people to invest 50000 number of bitcoin to the market wount it cause an increase? So surely media influencers have a role to play in bitcoin.

And rumours is more likely to function as social media influencers too. In rumour people get a wrong speculation about bitcoin like "there will be a sudden dip in price of bitcoin"predicted by some bitcoin analyst which might not be true and some fear minded investors will likely pull out some liquid from bitcoin and sell due to panic and I believe that surely this has a role to play in bitcoin decline in my own understanding and research.

And Morover politics/regulation has a big role to play too. Most countries today would have adopted bitcoin massively like El Salvador but due to government regulations and strick ban in bitcoin transaction has cause a decline in bitcoin adoption. Just like Nigeria government delisted NGN from exchange shows that they have a role to play and even if they decide that all exchange should delist all Nigerian fiat P2P it will clamp down on all. Government has place ban on bitcoin transaction in many countries and that has decrease people's interest in bitcoin investment/adsorption. So how can you say politics and regulations has no role to play. Why is El Salvador popular today ? Isn't it because of government regulations and making it massive for all?

I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly. This is the picture we see in the cryptocurrency market.
However, although the investment involves risk, the level of risk in Bitcoin investment is relatively low. The risk level of Bitcoin investment is low because investors buy and hold the currency for a long period of time by buying and accumulating small amounts in what we call the Dollar Cost Averaging method. If you want to earn substantial profits, investing in this method requires you to plan to hold the investment for a long period of time.

When you hear of regulations what comes into your mind? If you don't know let me tell you the answers is government authorities. And how does new government comes into office? It is by political process. Let me tell you if there are strict government regulations in every country against bitcoin, it will hit hard on the bitcoin community. Even though it won't halt the full operation of bitcoin, it will instigate fear in the minds of majority and there will be a declined interest in bitcoin investment, because nobody would want a total clamp down from their government. You have seen some countries that has strict regulations on bitcoin, tell me how robust is bitcoin activities in those countries and compare it to countries that are bitcoin friendly like El Salvador whose government has made bitcoin a legal tender. You will see that there is a clear difference, that's how far political regulations can influence bitcoin investment. Now let's narrow it down to the point where government at all levels around the world recognise bitcoin as legal tender and right to self custody, don't you agree that more investor will come in? And the demand and supply you are talking about will be more intense, and it will have an impact on bitcoin pricing.

You are misunderstanding me @salamuh what I said is that politics has influence in bitcoin growth both increase and decrease but I did not say it's only politics that made bitcoin go this far, you can recheck my statement. I made references to others factors that increases the growth of bitcoin but I was saying in reference to the conversation between @jutsbilwith and @btcdeybody, but from your statement it make me understand that you don't know that the factored I mentioned are factors that cause increase and decrease in bitcoin you can take a look at this  link and lean more.

Let me ask you a question, are you trying to say that the only reason why Bitcoin price has gone this far from beginning to this point is as a result of political influence?, let me tell you if politics had influence on Bitcoin from the beginning most government would actually influence there citizens to stop investing on it since they cannot control it, don't get me  wrong I have nothing against politics but the idea most people are having about politics in contributing to the growth of Bitcoin is what I don't really understand, or are you saying that if there was no politics Bitcoin would not have gone this far?.


However even the five factors you believed has influence on Bitcoin growth actually had nothing to do with politics and also we know that market is all about demand and supply but in terms of media I don't think it has any serious effect on Bitcoin because Bitcoin is  not any kind of coin that would possibly be manipulated by media influencers however on the aspect you mentioned Rumors I don't really understand what you meant by that.

politics has influence in bitcoin growth don't say it as if you are not sure because if you check properly the factors that help to increase or decrease bitcoin growth, you will come across something like

1 demand and supply 2 market sentiment 3 rumor
4 media and news 5 regulation

and the number 5 which is regulation, falls under government or politics that affect bitcoin. in which ever way you guys put it politics have a role to play in bitcoin growth not saying it as if you are not sure. Donald Trump knows truely that he can use political power to influence the people to vote for him because he knows people love bitcoin. and people believe that if Donald Trump is elected he will do more better this time in making bitcoin popular and more people would love to invest in bitcoin and increase the growth of bitcoin. and more people will develop interest and adopt  bitcoin massively. which Donald Trump would have done when he was in power maybe he reserved bitcoin interest to use it against the next election to capture the minds of other to vote him because he knows more people are bitcoin fan. and when he preach about the father "bitcoin"the children will have no option than to follow. you can see that politics has influence on bitcoin. not only politic, business tycon and celebrity and other influencers has a role to play in bitcoin growth. just like I see the footballer Messi as an ambassador of bitget exchange. that will make most of his fans to use that exchange. so anything is possible in bitcoin growth.

Exactly, Bitcoin has been doing well before now and even with or without what Donald trump said Bitcoin will still do well I could remember years back when same Donald trump was saying bad about Bitcoin yet it doesn't change anything and now he is saying he want the remaining Bitcoin to be made in USA which will or may not be possible or happen and I want to believe that he is up to something but people are yet to find out and remember he's a politician and he would've probably map out things I mean this could be a strategy for him who knows...