Topic: Buy the DIP, and HODL! - page 12. (Read 121553 times)

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.

I agree with you here. Bitcoin investment is an investment that is meant to be done on our own pace and also when we have knowledge about it. Bitcoin is the best we can out our money in. And we shouldn't let anyone force us into starting it when we are not yet ready. As an adult we need to stop know what we want and not let anyone persuade/influence us to go about things. The reason why they were successful at their investment is because they were prepared and if we rush when we are not prepared we might not get lucky to make things right.

Of course, you are right. It is good for one to put his savings in bitcoin rather than keeping it in a bank because fiat depreciates overtime and your funds will lose its value. Imagine at your young age, you started working and decided to save for your retirement, and you did that in a bank, at old age it will be so annoying to see that all your effort of saving huge for your old age looks like it was in vain, because the value of your total savings cannot sustain your for long due to inflation.

 But if you decide to invest that money in bitcoin because it is a store of value and hedge to inflation, your savings will not be in vain because the value of your funds will not depreciate and you will also get an additional bonus for saving in bitcoin which is the profit aspect. This is why Bitcoin shouldn't be looked at only for profit but to safe your hard earned money from inflation overtime.

It's not compulsory for a new investor who wants to start his bitcoin investment to have an emergency funds. Since he has fugured out how much is his discretionary income, he can star investing right away by using half part of his discretionary income to invest in bitcoin with DCA every week and at the same time use the other half to be building his emergency funds fof 3-6 months of his monthly income. At a start he can be building his bitcoin investment and his emergency funds simultaneously.

It is not possible for such people to invest in bitcoin even if they happens to invest they Will end up trading there btc before the expected time before we talk of investing in bitcoin we must have a stable source of income which can be able to cover all our expenses , also an emergency fund and some discretion to invest in btc.so it will be unwise to use your emergency fund or money for family expenses such as food , shelter and them invest in bitcoin or even to borrow money to start your bitcoin investment.

I agree that because investors have become used to the volatile market price, they would never sell out their investment at the first sign of even small changes in the market. Individuals who will always be watching the market price, in my opinion, are the ones who are unfamiliar with it. An experienced investor who has made a long-term investment, on the other hand, doesn't keep an eye on the market and keeps adding to their holdings because they believe it will benefit them.


I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

If a new investor is committed with his bitcoin investment and continue buying with DCA every week being persistent and consistent, while sometimes he lump sum to increase his bitcoin size faster for 10 years and above, he is likely going to be in profit because the price of bitcoin increases in value overtime since he started buying when the price was down during his accumulation journey and on different price intervals lower than the price at the end of 10 years. The reason is that bitcoin is still in transition state and the odd of the price moving uptrend I a higher than downtrend.

However, new investors should be bothered or concerned about the profits when they just started accumulating bitcoin so that they don't get distracted or think of taking little profit due to temptation, but should stay focused on how to keep their bitcoin investment ongoing and how to tweak with their different accumulation methods based on their own current circumstance playing out at that moment in their lives so that they can reach their bitcoin target. Don't forget that the size of your bitcoin portfolio and how long that you have hodli is what will determine your profit in the long run.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Basically, we all know Investment is investing your money in a particular asset in order for it to grow for a stipulated or given time which in turn will give us profit, so during this period of investment anything is possible which are loss and profit reason because while investing, things can or may go wrong ( unforseen circumstances) so we can judge investment base on loss and profit and I want to inform you that no investment is guarantee. Bitcoin is a very nice asset to invest yes I know but once I get a huge profit after a long period of investment I will take some of my profit and do other things I think is necessary and important because I can't leave my investment forever though I will still be accumulating and holding.  

The potential for profit is a big motivator for most investors. If bitcoin isn't profitable overtime people would loose interest in investing,  people see the profit in its long term that's why they can invest and patiently Nurture and wait for their investment to get matured so they can reap the benefits,  which is profit. Profit and loss are definitely  major factor that can persuaded someone to invest in a particular investment,  they give indications of how the an investment is performing.  Bitcoin has been performing very well over the years , that's why it's gaining a lot of attraction globally.

Those with a quick gain mindset can loose out in their investments due to the market ups and downs. " a fruit tree takes time to grow and bear fruits"  Investing really is like planting a fruit tree. You got to nurture it, be patient, and wait for it to grow and bear fruits. it takes time to see the fruits of your labor but when it pays off it can be so rewarding. It's hard to see an investor in Bitcoin, who applies the necessary steps e.g consistency, dedication and patience in their investments journey to loose out. Because if you are consistent in your accumulation, your investment will keep growing,  when you are dedicated you stay committed to your investment purpose and when you are patient you stay focused believing in the bigger picture and trusting the process.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.

Bitcoin in it's nature don't have a Ponzi nature, I have done a lot of ponzi and in a Ponzi scheme the information is that you invest your money and get 10x your money back within a very short period of time which could be a week or two, but when it comes to bitcoin investment the information is invest and hodl and it takes years and there's no assurance of getting 10x your profit because is volatile however one can get even more than that when you hodl longer, Bitcoin is not a scam but Ponzi scheme are just scam, no Ponzi scheme last long, a lot of them don't even stay up to a year before they crash and they make away with people's money however Bitcoin has been in existence for 16 years now and still counting.
Putting Ponzi with Bitcoin together is not right because they don't have have anything in common.
You are wrong for saying Bitcoin is a commodity that will hodl in other to have higher value later, rather than something that we actually need/use today, now same way we save our dollar and other currency in a bank in other to use it later that's same way we do for Bitcoin we need and also use Bitcoin just like we use other currency, no one will hold Bitcoin forever at a point in time when one feel he or she has accumulated enough he can start using his or her Bitcoin to solve some financial challenges or to open businesses, some supermarket and other places accept Bitcoin as a means of payment and people are already using it for that purpose so saying we hodl Bitcoin and we don't actually need it or use it is very wrong because we actually do.

We are just saying you should not use Ponzi together with Bitcoin to drive home your context because it will be passing a wrong message to many.

This is misleading and spread of unverified claims, and you should stop that. To the best of my knowledge, people here don't hoard information neither do they share half baked knowledge here. Once it comes to bitcoin investment all the informations and materials shared here are always complete, we don't mislead people here. The essence why the forum existed is for people to come here and learn things about bitcoin, so there is no way that people here are only sharing few things about bitcoin. All the strategies to buy bitcoin are always discussed here. If a newbie or an intending investor is confused about anything as regarding the strategies to buy bitcoin, they can always ask questions. So you say people here withheld some details about the bitcoin buying strategies is wrong and condemnable.

No you are wrong, the bear season is not only the right time to buy bitcoin and increase your bitcoin holding. As a newbie or new investor who is still starting his accumulation journey. You can buy bitcoin at any time. Yes an investor can buy bitcoin now there is nothing wrong with that.

That's a wrong advice to give someone. If he follow this your advice there is a higher possibility that he is going to miss out investing in bitcoin. Let me ask you do you have an idea when bitcoin will get back to $50k? What if it doesn't get back there, does that means he should not invest in bitcoin?. The best thing for the investor to do is to start accumulating bitcoin right away, using the DCA strategy. With this method, you can be buying bitcoin regularly and take advantage of all market conditions.