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Topic: Buy the DIP, and HODL! - page 128. (Read 130492 times)

legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
August 07, 2024, 11:33:53 PM
What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.
Anyone who is just in the early stages of BTC accumulation, there is no need to worry about continuing the accumulation journey because that is the main goal. If they see this as a concern, they may be nervous and hesitate to continue accumulating, afraid that they will see the portfolio go down even though they have just started.

If he already has enough BTC, has his goal been achieved or still wants to increase his BTC, it is only natural that they have started to worry because maybe the portfolio is already large, so when there is a decline below 20% it can be a panic, but they should be able to relax if their target is not now, anyway because the price of bitcoin has definitely recovered again, just wait for patience.

Yeah of course we prioritize survival, if the reserve funds are used up buying during the decline then we cannot survive because the funds have run out, let this not be an opportunity to buy when it goes down, but if it can still be continued with DCA it has become something good too, the important thing is that we can survive as long as DCA can still be done while they can.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
August 07, 2024, 09:41:53 PM
One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.
Well, it depends on the individual or institutions choice, someone can have more than enough Bitcoin in their portfolio and decide to diversify to other good investment option, it's a nice idea and they won't really be affected by their choice since they've already accumulated enough Bitcoin and they could still buy back when an opportunity comes or when they make profit from the new investment. But if you noticed, most institutions have refused to sale even when they're holding enough and are accumulating more instead. For instance, according to JP Morgan, institutions accumulated more while retails sold aggressively, they sold about $1b while institutions accumulated up to $14b, you can see that even with the rate of the recent dip, top holders accumulated more while lots of small and medium scale holders panic sold, that's the more reason I think new Bitcoin investors are more prone to panic sale than old investors.
Diversifying is good when you have more than enough Bitcoin but it is not everyone that has the proper knowledge to diversify and do it correctly. Also, I don't think that it is good to sell part of your bitcoin for diversifying sake but rather the funds that you are putting in bitcoin should be put into another investment since you feel you already have enough Bitcoin. Selling bitcoin to invest in another business can lead to running down your bitcoin investment because you might sell too much just to grow the new investment.

It is difficult to know what any of you guys are talking about overaccumulation or even diversification without some kinds of examples, and some of the ideas of overaccumulation and/or when the ideas of diversification might trigger might not even make a lot of sense without showing some kind of example of how bitcoin might have had appreciated during a time in which it was accumulated and contributed to a guy having had reached an overaccumulation status.

Let's say for example, a guy hears about bitcoin during the 2017 price run, and maybe this guys is in his early 30s, and he had already been working and investing fairly aggressively around 15% of his income in various traditional assets over the previous 10 years, so maybe at that time in late 2017 and going into early 2018 his investment portfolio was close to $100k and his income was around $40k per year... So when he decides that he was going to get into bitcoin, he considers that he wants to try to reach a target of 15% of his investment portfolio invested into bitcoin, which he considers might be a target of getting his BTC size around $20k-ish, if he adds $20k to the $100k of his already existing investment portfolio instead of taking from the $100k, so then he figures that if he invests aggressively into bitcoin, he might be able to reach his investment target in about 14 months, but he would have to invest somewhere in the ballpark of $300 per week, which he considers to be achievable based on his income and based on his various resources, including that he already had strong cash management systems (and back up funds) in place.   So based on his calculations he figures that if he starts investing $300 per week in January 2018, he will reach is goal of having have invested $20k in bitcoin and his original $100k in his traditional investment portfolio (and whatever that might appreciate during the year) by around April of 2019.. so he considers his investment portfolio should be in the ballpark of $120k by April 2019 and whatever other ups or downs that might happen in the market during that time.

He kind of needs to see how everything goes over his initial allocation and investment period, and maybe after the whole initial investment period he can consider and/or reassess where he is at (and historically we could se that $300 per week during that period would have gotten him to about 3.36 BTC by April 1, 2019.)

Maybe at that point in April 2019, he might want to reduce some of his investment levels in BTC back down to more of a maintenance level, so he might consider how much he is going to continue to invest into bitcoin as compared to his other investment.. so if he ends up no longer wanting to invest into his traditional assets that might be one thing, but if for example his employer has matching funds on a 401k retirement fund, he might still want to invest into his traditional investments based on the matching that his employer is doing... .. so maybe after April 2019, de decides to reduce his investments to $150 per week, and half goes to bitcoin and half goes to his 401k retirement funds.  So that would be $75 per week into each.  We can look back historically, and we can see that investing $75 per week into bitcoin from April 1, 2019 to present would have had caused the guy to invest around $21k into bitcoin and he would have had accumulated a total of 1.2 BTC.

So maybe by now the guy has around $150k or maybe close to $200k in his traditional investments, and he has around $41k invested into bitcoin which had accumulated a total of about 4.56 BTC (3.36 BTC + 1.2 BTC).  Had the guy overaccumulated enough in order to start to sell or what does he do?  4.56 BTC is worth about 172k in regards to its 200-WMA and $252k spot price, and maybe it is around 50% of the overall investment portfolio, even though the guy's initial target was to reach around a 15% allocation into bitcoin, so surely he is overallocated, but is he so overallocated to justify selling BTC or perhaps just continuing to invest in BTC or to divert into traditional investments.  The answer seems somewhat individual specific, even with a guy who spent 14 months investing into bitcoin pretty aggressively and where he did not stop investing into bitcoin over the years and perhaps according to his own budget, he is thinking that he needs to continue to invest into bitcoin (and maybe he might or might not want to continue to invest into his traditional investments), but he might not consider himself to be at or near fuck you status until the 200-WMA value of his BTC has reached somewhere between $800k and $1million, so either the BTC price has to go up by another 5x and/or he has to continue to accumulate BTC, yet it still can be a bit unclear if such guy even reached an overaccumulation status that would allow him to feel that it is o.k. to start to sell BTC at any time of his own choosing.

Maybe some other example can be given in regards to when such overaccumulation status might have had been considered to have been achieved that gives some perceived liberties in the selling of BTC department whether it might be considered as price based sales or time based sales.

I think that when we might be considering overaccumulation status, we might need to consider targets of the individual, budgets of the individual and also there are likely not too many scenarios in which DCAing into bitcoin is going to get anyone to an over accumulation status unless there might be some ways that the guy is able to front-load his BTC investment whether through DCA and/or through lump sum investing or perhaps if there might have had ended up playing out some great amount of BTC price appreciation that ends up causing the BTC portion of the holdings to become way disproportionate to other assets in the investment portfolio.

I would not mind seeing some numbers that might help to justify what a guy might conclude to be an overaccumulation status.. and maybe even some ideas in regards to how a guy gets to such status and how much time it might take to get there.

In situations like this, it is worth mentioning that we need a strong mentality when facing sudden market changes. Therefore, I always say to prepare yourself as best as possible before starting to invest in Bitcoin. This means that you have to be able to survive all the fud, drastic declines and also be able to fight the worries that surround your mind.
I like to say.  Get the fuck started investing in bitcoin, and prepare as you go, including that the ONLY preparation that you need prior to investing into bitcoin is to figure out that you have a disposable income, and if you do, then you can get started.  Now the devil is in the details regarding how much to invest, and how messed up your cashflow management (and psychology) might be, yet if you have a disposable income, then you have the prerequisites for getting started investing in bitcoin and you should be able to figure out the various other details along the way... hopefully you are not a dummy.  I am not going to presume normal people to be dummies who are not able to figure out the extent to which they have a disposable income or not. If they cannot figure out if they have a disposable income or not or they make mistakes in terms of figuring out that part, then that's on them, and seems to be part of basic knowledge that I am going to presume that an overwhelming majority of normies already have.. even if there are a lot of dummies in the world, that's on them to figure out basics of whether they can start out with investing $10 per week into bitcoin, $100 per week or some other amount that is reasonable for their individual situation.
Really like the ideas you give and I always remember to invest with money that we never use for living needs. That way, our investment will run smoothly without burdening our daily finances. If this is properly implemented, an investor will have a strong mentality in any condition. I remember when you mentioned the reserve money or emergency cash that we set up in the bitcoin investment strategy and of course now might be a good time to do that or take the money that we set aside to buy aggressively. But it is also very true as you said that the aggressive level is timeless or we can do it if we want to execute it and basically our income stream increases at that time.

But yes, it's difficult for me to put it together correctly but I like your very directed explanation. Of course we remain Hold in whatever conditions we will face during the investment journey and of course we get a lot of good input from you.

Even with your timeline registered on the forum, we can likely give examples of guys who might have had been modestly aggressive through the past 8-ish years and made a lot of progress in bitcoin accumulation based on merely a modest level of consistent aggressiveness in their bitcoin accumulation.  Yet surely there are also guys who have been registered during your timeline yet might not have had made a lot of progress in their in their bitcoin accumulation in their earlier years of being registered on the forum, so at some point, they might have had come to realize to become more aggressive and more consistently aggressive based on their own cashflow management implementations rather than trying to figure out BTC price moves that might or might not end up happening but instead trying to figure out how much of their budget they are able to target towards ongoing bitcoin accumulation.. and sure within such a potentially systematic approach they can classify their money as DCA, lump sum or buy dips with the realization that the buying on the dips method  does require holding some money back which may or may not be a good idea for the brand new investor, but a person who had been accumulating for a while might be in a better financial position to be holding some back for either buying on dips or other ways that he might allocate his various reserve funds related to living his life and having money for things that he wants or needs.  

For example, maybe a guy had been saving up to buy a motorcycle and he has around $1k in the fund, and the dip comes, he might decide to use half of that money to buy bitcoin rather than keeping it to buy the motorcycle, so after he uses half of the money to buy bitcoin, he realizes that he is going to need another few months to get his motorcycle fund back up to its previous level after he had take half of the money away from it to buy bitcoin on the dip.

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly
Yes I also think bitcoin market has been good to investors this year. Both people who invest little at a time and those who buy when price is low have been able to get bitcoin. But people who sold when price went down or are still waiting might be sorry later. I think it is best to keep investing little at a time and holding onto bitcoin instead of trying to guess what market will do. This way we can benefit from long term growth of bitcoin. Right now the price is around $57k which is a good time to buy.

It seems to me that there are frequently so many opportunties to buy, and each cycle seems to provide a lot of those kinds of opportunties to buy in, even though so many folks fail/refuse to take such opportunities to continue to accumulate or to start to accumulate in the event that they have not already gotten some BTC to help to prepare themselves for UP...so frequently it can take a bit of time for the UP to end up playing out, which yeah, should be considered as opportunities or ongoing opportunities... though we can never know how long such opportunities will last and/or if the opportunities may or may not get even better, so perhaps part of the problem continues to be the failure to take advantage of opportunities out of hope that they will get better, which may or may not end up happening.
sr. member
Activity: 448
Merit: 354
August 07, 2024, 08:56:10 PM
The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly
Yes I also think bitcoin market has been good to investors this year. Both people who invest little at a time and those who buy when price is low have been able to get bitcoin. But people who sold when price went down or are still waiting might be sorry later. I think it is best to keep investing little at a time and holding onto bitcoin instead of trying to guess what market will do. This way we can benefit from long term growth of bitcoin. Right now the price is around $57k which is a good time to buy.
sr. member
Activity: 504
Merit: 389
The great city of God 🔥
August 07, 2024, 08:02:01 PM
1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce.
Apart from the value in price to reduce, the bitcoin will reduce in amount like the fraction which you have sold

A projected profit target should be reached before you sell off your bitcoin.
That is absolutely wrong. You can not set a profit target since btc price is volatile you will never know the amount of profit you will be able to make, you can only determine the amount of btc to accumulate withing a specific period of time depending on the level of your investment. For example if surely a person Target is be able to accumulate 1btc for 10 to 15years, and you achieve your set target of 1btc, or decide to continue along the line, you may decided to shave your BTC around 20years time, depending on when you decide to start selling off gradually. maybe by then you may have calculated the amount you have used to invest in the last couple of years during your earlier 10years when btc may be less in value compeard to the 20 or 25years time of reap, depending on when you decide to sell, then your profit can be calculated.

sr. member
Activity: 476
Merit: 307
August 07, 2024, 06:59:15 PM
The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly
sr. member
Activity: 224
Merit: 195
August 07, 2024, 04:26:32 PM
I disagree with your comment; most people who have been accumulating bitcoin for the past 5–10 years have accumulated most of their bitcoin at a low price. Even with the recent dip in bitcoin, there will be no room for them to be worried because they are still in profit with their bitcoin investment, but since they are in bitcoin for long-term purposes, they will not sell their bitcoin for short-term profit. Secondly, since they have been accumulating bitcoin for 5–10 years, they have seen bitcoin in situations like this so many times and how bitcoin always recovers. If there should be panic among bitcoin investors because of the recent dip that happened, it should be the newbies because they have not fully experienced the volatile part of bitcoin. They will be worried about the recent dip and the current price of bitcoin. If they are not strong, they will sell their bitcoin at a loss during this dip.

One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.

An investment should not be shutdown when it is flourishing but should be maintained for continuity overtime and this is same with bitcoin because it is an asset that is worth keeping.
I know for sure there is always a time to sell Bitcoin, it is part of the market but not ideal necessary that selling our Bitcoin should be when we feel we've had/accumulated enough that suits our profits level but besides I feel no amount of Bitcoin held seems enough to guarantee the option of selling when not in due time, our profits are maximized according to how much we've held and how long we put into holding.

Since the Bitcoin market is in two phases, which involves the bull and bear forming a cycle, this  tends to let us know when we have to sell because having gone down the road of successfully accumulating and holding  through the bear season comes with the benefits of taking profits during the bull season but not on the reason that you've held large portions and no more room to keep investing, as long there is funds to keep investing then keep going.
hero member
Activity: 1358
Merit: 627
August 07, 2024, 04:08:03 PM
In situations like this, it is worth mentioning that we need a strong mentality when facing sudden market changes. Therefore, I always say to prepare yourself as best as possible before starting to invest in Bitcoin. This means that you have to be able to survive all the fud, drastic declines and also be able to fight the worries that surround your mind.

I like to say.  Get the fuck started investing in bitcoin, and prepare as you go, including that the ONLY preparation that you need prior to investing into bitcoin is to figure out that you have a disposable income, and if you do, then you can get started.  Now the devil is in the details regarding how much to invest, and how messed up your cashflow management (and psychology) might be, yet if you have a disposable income, then you have the prerequisites for getting started investing in bitcoin and you should be able to figure out the various other details along the way... hopefully you are not a dummy.  I am not going to presume normal people to be dummies who are not able to figure out the extent to which they have a disposable income or not. If they cannot figure out if they have a disposable income or not or they make mistakes in terms of figuring out that part, then that's on them, and seems to be part of basic knowledge that I am going to presume that an overwhelming majority of normies already have.. even if there are a lot of dummies in the world, that's on them to figure out basics of whether they can start out with investing $10 per week into bitcoin, $100 per week or some other amount that is reasonable for their individual situation.
Really like the ideas you give and I always remember to invest with money that we never use for living needs. That way, our investment will run smoothly without burdening our daily finances. If this is properly implemented, an investor will have a strong mentality in any condition. I remember when you mentioned the reserve money or emergency cash that we set up in the bitcoin investment strategy and of course now might be a good time to do that or take the money that we set aside to buy aggressively. But it is also very true as you said that the aggressive level is timeless or we can do it if we want to execute it and basically our income stream increases at that time.

But yes, it's difficult for me to put it together correctly but I like your very directed explanation. Of course we remain Hold in whatever conditions we will face during the investment journey and of course we get a lot of good input from you.
hero member
Activity: 658
Merit: 562
August 07, 2024, 04:01:07 PM
One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.

Well, it depends on the individual or institutions choice, someone can have more than enough Bitcoin in their portfolio and decide to diversify to other good investment option, it's a nice idea and they won't really be affected by their choice since they've already accumulated enough Bitcoin and they could still buy back when an opportunity comes or when they make profit from the new investment. But if you noticed, most institutions have refused to sale even when they're holding enough and are accumulating more instead. For instance, according to JP Morgan, institutions accumulated more while retails sold aggressively, they sold about $1b while institutions accumulated up to $14b, you can see that even with the rate of the recent dip, top holders accumulated more while lots of small and medium scale holders panic sold, that's the more reason I think new Bitcoin investors are more prone to panic sale than old investors.
Diversifying is good when you have more than enough Bitcoin but it is not everyone that has the proper knowledge to diversify and do it correctly. Also, I don't think that it is good to sell part of your bitcoin for diversifying sake but rather the funds that you are putting in bitcoin should be put into another investment since you feel you already have enough Bitcoin. Selling bitcoin to invest in another business can lead to running down your bitcoin investment because you might sell too much just to grow the new investment.
hero member
Activity: 1316
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August 07, 2024, 03:45:24 PM
One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.

Well, it depends on the individual or institutions choice, someone can have more than enough Bitcoin in their portfolio and decide to diversify to other good investment option, it's a nice idea and they won't really be affected by their choice since they've already accumulated enough Bitcoin and they could still buy back when an opportunity comes or when they make profit from the new investment. But if you noticed, most institutions have refused to sale even when they're holding enough and are accumulating more instead. For instance, according to JP Morgan, institutions accumulated more while retails sold aggressively, they sold about $1b while institutions accumulated up to $14b, you can see that even with the rate of the recent dip, top holders accumulated more while lots of small and medium scale holders panic sold, that's the more reason I think new Bitcoin investors are more prone to panic sale than old investors.
sr. member
Activity: 476
Merit: 385
Baba God Noni
August 07, 2024, 02:52:45 PM
I disagree with your comment; most people who have been accumulating bitcoin for the past 5–10 years have accumulated most of their bitcoin at a low price. Even with the recent dip in bitcoin, there will be no room for them to be worried because they are still in profit with their bitcoin investment, but since they are in bitcoin for long-term purposes, they will not sell their bitcoin for short-term profit. Secondly, since they have been accumulating bitcoin for 5–10 years, they have seen bitcoin in situations like this so many times and how bitcoin always recovers. If there should be panic among bitcoin investors because of the recent dip that happened, it should be the newbies because they have not fully experienced the volatile part of bitcoin. They will be worried about the recent dip and the current price of bitcoin. If they are not strong, they will sell their bitcoin at a loss during this dip.

One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.

An investment should not be shutdown when it is flourishing but should be maintained for continuity overtime and this is same with bitcoin because it is an asset that is worth keeping.
sr. member
Activity: 532
Merit: 250
August 07, 2024, 02:08:23 PM
I disagree with your comment; most people who have been accumulating bitcoin for the past 5–10 years have accumulated most of their bitcoin at a low price. Even with the recent dip in bitcoin, there will be no room for them to be worried because they are still in profit with their bitcoin investment, but since they are in bitcoin for long-term purposes, they will not sell their bitcoin for short-term profit. Secondly, since they have been accumulating bitcoin for 5–10 years, they have seen bitcoin in situations like this so many times and how bitcoin always recovers. If there should be panic among bitcoin investors because of the recent dip that happened, it should be the newbies because they have not fully experienced the volatile part of bitcoin. They will be worried about the recent dip and the current price of bitcoin. If they are not strong, they will sell their bitcoin at a loss during this dip.

One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin. Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.
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August 07, 2024, 01:46:24 PM
Right now in the market is a perfect time that reserved funds can be put to play by buying more to increase our accumulation because there is downturn in bitcoin price which we can buy at lower bitcoin Prices.
To me, it seems quite problematic to be thinking that there is any such thing as "perfect time," and many of us already recognize and appreciate the old maxim that time in the market is better than timing the market, which surely such time in the market maxim seems to apply to bitcoin.. but hey.. do what you like in terms of your fucking around with attempts at identifying "perfect" times.
Pardon me for using the word perfect time, indeed  time in the market is really better than timing the market especially when it comes to bitcoin. But what I was trying to mean was that we can take advantage of downturn moments and accumulate more Bitcoin by buying bitcoin at lower price rate if funds is available to increase our holdings because  there was a sudden decline in bitcoin price  from 69k - 53k and some folks might be complaining due to price decline but we can make the most out of the situation. And currently as am writing the price have started to appreciate 56k people should get used to bitcoin volatility because its known for that but should always think of taking advantage of it whether downturn or upward.

Overall I don't have any real problem with what you are stating beyond my already stated concerns and/or objections, and surely any relatively newbie into bitcoin who has not been able to front-load his investment should probably be spending at least a whole BTC cycle, if not longer than that, accumulating BTC, and surely I am not sure whether it pays to attempt to be more aggressive during dips or not or just to keep up a certain level of ongoing, persistent and consistent BTC accumulation throughout at least a whole cycle and not necessarily holding back additional reserve funds for buying on dips...

yet, surely of course, there can be some good feelings by buying additional BTC on the various dips that are going to happen, yet in the whole scheme of things if you might have an investment time horizon that might be potentially greater than 10 years, then maybe it is not going to make too much of a difference if you bought $5k worth of bitcoin at $70k versus buying that $5k at $50k, and yeah, sure you ended up getting a few more bitcoin, but it may well may not be worth it to be holding back very much cash and hoping for a dip.. and even if you bought some at $50k, you might have also bought some at $65k, $60k, and $55k, so sure how much extra money did anyone have to buy at $50k unless you had been sitting on a bunch of cash that you had not put into bitcoin, and surely I don't consider sitting on cash (and waiting) to be a very good strategy at all, especially for newbies and/or especially for many folks who are likely already under-allocated to bitcoin.. which we already have a lot of folks in the world who are quite under-allocated to bitcoin.

[edited out]
I believe the longer a person has been HODLing, and the lower his/her average purchasing price - he/she would have less probability to panic. That's perhaps because of simple human psychology and experience?

Think of person who bought his/her Bitcoins last cycle with an average purchasing price of $5,000 vs. a person who bought his/her Bitcoins this cycle with an average price of $50,000.

The solution for people who panic - Cold Storage in an offline computer. It will take a few extra steps to move your Bitcoin, making you not to move them at all. Cool

I am not overly excited about your theory that the mere fact of being in profits is going to necessarily cause enough difference in the level of tension that any HODLer might feel based on BTC [price drops, since if we might go further in our example to suggest that the earlier guy might have had invested the same amount, such as $25k (so he has 5 BTC), and the later guy might have invested $25k, but he ONLY has around 0.5 BTC.

The guy with 5 BTC might feel that he is starting to get close to enough BTC, yet the guy with only 0.5 BTC might feel that he needs to continue to accumulate.  Maybe the guy with 0.5 BTC was similar to you in terms of his start date in BTC and he accumulated right around an average of about $60 per week in BTC since May of 2016.. and maybe he also made a few mistakes along the way (which you have also stated that you had made some mistakes along the way, too).

Sure both of these guys are in profits, but the profit levels of the first guy are so much greater than the second guy, and the first guy might even get distracted by whether continuing to buy more BTC raises his cost per BTC, but if he already has a practice of regularly buying $60 per week of BTC, he can still think through the matter in terms of whether he feels that he has enough BTC rather than thinking about the extent to which buying more BTC raises his cost per BTC.  

Maybe the second guy is so much close to his cost level, so buying more BTC largely just keeps him at a very similar cost level as compared to the first guy relatively speaking, yet their ability to hold and even their continued buying of BTC (rather than selling or fucking around with trading) may also relate to the kinds of goals that they might have for themselves that also might relate to their timeline in BTC and various other aspects of their cashflow management.. And surely if the later guy had also invested around $25k into BTC, but he had ONLY been in BTC for around a year, then maybe the second guy had been buying around $470 BTC per week for the last year.  and surely, he may well already be in a mindset to continue to accumulate BTC, but surely there could be questions about whether he is going to be able to continue to sustain buying around $470 per week or if he might have to make some tweaks to his budget based on various aspects of his cash management, as compared to the first guy might not feel as large of a burden to continue to buy $60 per week of bitcoin and the first guy might not even feel as much pressure to need to continue to accumulate BTC.

I suppose that I am not really disagreeing with you in any kind of meaningful way, yet there still is likely more going on in regards to the level of the conviction that each of the guys might have based partly on how they have set up their cashflow management and maybe even how they might feel about their BTC investment, as compared with other places that they could put their value or if they might even feel that it is futile to invest, and surely being in profits likely helps to reinforce the idea that bitcoin is a good place to invest, but a guy who had been investing longer might also sometimes end up getting impatient with his own desires to want to consume some of the profits of his investment.

It could be possible that at some point in his BTC accumulation journey, the first guy converted from a DCA strategy to a buying on the dip strategy.. but it also could be the case that at some point he considered himself to be out of his accumulation stage.  A similar thing could have had happened to the second guy, and surely there are some guys that do not realize the extent that they might have a need to at least go through a whole cycle of accumulation before they might transition to a new level of maintenance or perhaps to allow the incorporation of other kinds of ways of managing their BTC stash.

For sure my example of the second guy could also be wrong in the sense that if the second guy might have ended up accumulating a lot of BTC in a front-loading kind of way, and if he over did his front-loading or his accumulation of bitcoin, when the BTC price drops, he might get worried that he is losing whatever money (or profits that he felt that he had in bitcoin), yet that still seems to constitute a kind of trading and/or gambling mentality rather than an investing mentality or approach.  If the guy had a $100k investment portfolio, and he decided that he wanted to put somewhere between $15k and $25k into bitcoin in order to have 15% to 25% of his investment into bitcoin, maybe he ends up investing his money in a short period of time in various lump sums rather than DCA'ing, yet investing with the lump sums could contribute towards his being more nervous about his investment into BTC as compared with a guy who might have had been DCAing over a longer period of time.. and surely there are guys who might not have planned out their budgets very well who also might end up experiencing some level of panic if they might be using money that they need for some of their various expenses.

Of course, in earlier times, you had mentioned the ideas of locking yourself away from your BTC to make more obstacles to sell BTC, and I am not completely opposed to those kinds of ideas, yet it seems to me that we should already be able to have various mental barriers and even other systems and practice in place so that we are not having to physically restrain ourselves from selling.. and surely there are other kinds of security reasons that we might have systems in place to make it a bit cumbersome to get access to some decent portions of our coins.. in some sense there are likely some portions of our BTC stash that we are not transacting in or moving around, so there might not really be any need to access them regularly, even though we might want to check our ability to access them on a periodic basis... we shouldn't necessarily want to end up locking ourselves out of our coins by causing them to be colder than we had intended them to be.

Investing in the DCA method is the easiest method for all individuals, as one can invest in Bitcoins without any accumulated money. It's a simple solution if you notice, anyone should be successful in investing in bitcoins but the strategies must be known.  

A person with no money can play either weekly or monthly, and one can invest with accumulated money because he will only buy dips and continue to buy bitcoins using the regular DCA method. If you invest in Bitcoin in this way, the average purchase price will definitely come down.  And it's the most long-term of Bitcoin holdings.
Yes DCA method of investment is easy for everyone and recommended as a balanced investment strategy. You can buy any amount of bitcoins you can afford using this method. I have seen many members of this forum and many investors who are constantly using DCA to accumulate bitcoins in their investment portfolio. While most of their investors have enough money, they are buying bitcoins in small increments for long-term investments rather than short-term investments, mainly to reduce the average cost of their investments.

DCA does not necessarily reduce your average cost per BTC.  Buying on the dip does, yet DCA is still superior to buying on the dip based on the ability to adjust to your own budget rather than fucking around thinking about BTC prices.  If you have a long term BTC investment plan, then  there is little to no need to concern yourself with your costs per BTC as much as you might concern yourself with how many BTC you are able to buy on a weekly budget with the discretionary income that you have and the amount of your discretionary income that you want to use to buy bitcoin that week.

Investors should be strong enough to invest in DCA method as they can hold on to their investments without selling them even in the low season in the market.

For those who are consistently DCA, when the market goes down, there is more opportunity to accumulate bitcoins. Investors should not panic at this time and take advantage of the market so that they can buy higher quantities of Bitcoins at lower prices.

If you are DCAing on a regular basis, then you don't need to concern yourself with whether the BTC price is going up or down, and yeah you can combine DCA with buying the dip, but if you do that, then you might end up screwing up some of your regular buys and also getting off track in regards to your persistent DCA buys.  Surely, each person can do what they like in terms of how they consider the various trade offs between accumulating BTC through DCA, buying on dip, lump sum buying and/or HODL for periods that money might run out.

Personally, I have my doubts that the mere fact that a person who presumptively has been in bitcoin longer and presumptively accumulated a decent amount of BTC at lower prices would not necessarily panic during various extreme BTC price dips.

Sure, there should be more systems in place that contribute towards longer time bitcoiners to figure out how to manage their bitcoin portfolio and other parts of their cashflow, yet I think that from time to time, some of the longer time bitcoiners do panic and make decently sized mistakes with some or all of their BTC holdings, yet many times, the longer term bitcoins will not be very likely to be playing around with large portions of their BTC holdings, so if they make mistakes, such mistakes would more likely involve less than majority portions of their BTC holdings rather than more than majority of their BTC holdings.
For a bitcoin holder that have held their portfolio for a long time, they must have gotten use to markets dips, up and and down and all of those panics that is being accompanied when bitcoin dips. For every time they experience that and are able to get of that zone without selling off, their minds becomes stronger and have a stronger will to hold for another when the market crashes again another time. Even when they are tempted to sell some parts of their holdings at that time, seeing how the market reverses later and they get back on profits again, they’ll learn a lesson not to sell at such times because whenever the market dips, it comes back to its form again. Having this experience will always reduce the tendency of them selling most of their holdings and rather sell a small portion of them.

Sure the longer term bitcoiner likely gains more confidence in his investment, yet I doubt that the right mindset is to presume that the BTC price is guaranteed to come back, and yeah there are likely some guys who think that the BTC price is guaranteed to come back.  I was not saying that the longer term buyers conviction was in the neighborhood of considering bitcoin prices to be guaranteed to come back... yet at the same time, guys can have conviction that even includes either continuing to buy or buying on dips that might help bring action to the mix or just HODL through down periods without necessarily taking additional actions to buy more... so there might develop a certain level of confidence in BTC bouncing back, even though it might not rise to the level of thinking that the BTC price is guaranteed to bounce back... but yeah, there are some guys who might believe that bitcoin prices are guaranteed to bounce back.
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August 07, 2024, 12:37:44 PM
Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.
What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.
Getting worried about the price of Bitcoin should be for people who has been accumulating Bitcoin for 5 to 10 years and not people who just started, the reason why some people who just started Bitcoin investment always get tired very quick is because they are very much concern about the price of Bitcoin.
I disagree with your comment; most people who have been accumulating bitcoin for the past 5–10 years have accumulated most of their bitcoin at a low price. Even with the recent dip in bitcoin, there will be no room for them to be worried because they are still in profit with their bitcoin investment, but since they are in bitcoin for long-term purposes, they will not sell their bitcoin for short-term profit. Secondly, since they have been accumulating bitcoin for 5–10 years, they have seen bitcoin in situations like this so many times and how bitcoin always recovers. If there should be panic among bitcoin investors because of the recent dip that happened, it should be the newbies because they have not fully experienced the volatile part of bitcoin. They will be worried about the recent dip and the current price of bitcoin. If they are not strong, they will sell their bitcoin at a loss during this dip.
You are right Mayor of ogba it is those that started Bitcoin investment newly that are supposed to worry about the current dip in Bitcoin market but there is nothing to be worry about concerning the recent dip in the Bitcoin market for they should see it as an opportunity to accumulate more and more Bitcoin either with the DCA strategy to accumulate Bitcoin for those that have been investing for the past 5-10 already know how the Bitcoin market works that the fall and rise of Bitcoin price is not an unusual thing again in the Bitcoin market for they will take advantage of the dip and accumulate enough Bitcoin knowing full well that Bitcoin rise some day.
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August 07, 2024, 11:01:03 AM
in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

Why do you believe that the Bitcoin price fallen is an opportunity for only experience investors? Or what kind of experience are you talking about because so far on my Bitcoin investment I have not seen were experience is a factor to be concerned about instead factors like consistency has been the major factor people should always focus on, so actually when you mentioned only experience people you are actually indirectly saying that beginners are not good or experience enough to continue there accumulation of Bitcoin now as the price has fallen, you should know that before a beginner chose to invest on Bitcoin for long term holding they are ready for any unforseen circumstances including the dip so they will always sticked to there investment accumulation because sometimes people can easily get overwhelmed because of the dip and putting everything they have all in the name of taking advantage of the opportunity and later it starts affecting them, so is better for someone to continue their DCA than investing aggressively.

What he's trying to say is that it takes experience to know when opportunity knocks, someone who's newly introduced into Bitcoin would not have much experience about volatility and could be pressured to sell instead of seizing the opportunity that comes with the dip but an experienced investor for instance one who's experienced several Bitcoin circles would know that volatility is the nature of Bitcoin and won't panic over any slight dip, it's not as if beginners are not good or experienced enough to continue invest but how do you expect someone who's not experienced an extreme dip to not panic, they would definitely panic and rush to sell forgetting that they're on a long-term Investment and every dip in Bitcoin is an opportunity to buy more. Well there are some experienced investors who still panic but it could be that they invested on Alts which are mostly for short-term cause if it's Bitcoin they invested on, I see no reason for a panic but rather a buying opportunity.
Well when we talk about experience and panicking in the dip as a beginner, it all depends on who introduced you to Bitcoin investment, if you were introduced and educated by someone who invest in Bitcoin for long time I think you will know that the dip is not a time to panic but a time to accumulate more with a lesser price.
So i think for a beginner to panic when there's a dip is not about him being a beginner or newbie into Bitcoin investment is about his root and training.
Like my brother that was trained or coached by someone who is into Long time Bitcoin investment you can't see him panic when there's a dip.
However some people chooses to take another direction after some years into Bitcoin investment, maybe if they see a better option that suits them than what they were introduced to before.
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August 07, 2024, 09:42:21 AM
in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

besides that, with those who are experienced, I think maybe they will take advantage of this moment by buying more and taking long-term or long-term investments, for those who are still beginners, it is unlikely that they can take long-term or long-term investments. because it requires consistency that is truly maintained.
There is no certain opportunity in bitcoin meant for experienced investors only, opportunity is open to everyone regardless of your experience level. Every opportunity available can be utilize, so long as an investor have  the abilities to plan, strategies, and research you can make significant stride out from certain situations be it newbie or  whatever. Bitcoin investment is all about engaging in critical thinking that will enhance your investment portfolio. This forum have been very impact full that some new investors are aware of the knowledge that when there is price decline its an opportunity to take advantage of by purchasing more coins at lower prices to increase your holdings. What is necessary is to save money and be prepared for times like this becuase its unknown to anyone.
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August 07, 2024, 09:28:34 AM
in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

Why do you believe that the Bitcoin price fallen is an opportunity for only experience investors? Or what kind of experience are you talking about because so far on my Bitcoin investment I have not seen were experience is a factor to be concerned about instead factors like consistency has been the major factor people should always focus on, so actually when you mentioned only experience people you are actually indirectly saying that beginners are not good or experience enough to continue there accumulation of Bitcoin now as the price has fallen, you should know that before a beginner chose to invest on Bitcoin for long term holding they are ready for any unforseen circumstances including the dip so they will always sticked to there investment accumulation because sometimes people can easily get overwhelmed because of the dip and putting everything they have all in the name of taking advantage of the opportunity and later it starts affecting them, so is better for someone to continue their DCA than investing aggressively.

What he's trying to say is that it takes experience to know when opportunity knocks, someone who's newly introduced into Bitcoin would not have much experience about volatility and could be pressured to sell instead of seizing the opportunity that comes with the dip but an experienced investor for instance one who's experienced several Bitcoin circles would know that volatility is the nature of Bitcoin and won't panic over any slight dip, it's not as if beginners are not good or experienced enough to continue invest but how do you expect someone who's not experienced an extreme dip to not panic, they would definitely panic and rush to sell forgetting that they're on a long-term Investment and every dip in Bitcoin is an opportunity to buy more. Well there are some experienced investors who still panic but it could be that they invested on Alts which are mostly for short-term cause if it's Bitcoin they invested on, I see no reason for a panic but rather a buying opportunity.
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August 07, 2024, 09:15:18 AM
Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.
What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.
Getting worried about the price of Bitcoin should be for people who has been accumulating Bitcoin for 5 to 10 years and not people who just started, the reason why some people who just started Bitcoin investment always get tired very quick is because they are very much concern about the price of Bitcoin.
I disagree with your comment; most people who have been accumulating bitcoin for the past 5–10 years have accumulated most of their bitcoin at a low price. Even with the recent dip in bitcoin, there will be no room for them to be worried because they are still in profit with their bitcoin investment, but since they are in bitcoin for long-term purposes, they will not sell their bitcoin for short-term profit. Secondly, since they have been accumulating bitcoin for 5–10 years, they have seen bitcoin in situations like this so many times and how bitcoin always recovers. If there should be panic among bitcoin investors because of the recent dip that happened, it should be the newbies because they have not fully experienced the volatile part of bitcoin. They will be worried about the recent dip and the current price of bitcoin. If they are not strong, they will sell their bitcoin at a loss during this dip.
sr. member
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August 07, 2024, 08:17:57 AM
in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

Why do you believe that the Bitcoin price fallen is an opportunity for only experience investors? Or what kind of experience are you talking about because so far on my Bitcoin investment I have not seen were experience is a factor to be concerned about instead factors like consistency has been the major factor people should always focus on, so actually when you mentioned only experience people you are actually indirectly saying that beginners are not good or experience enough to continue there accumulation of Bitcoin now as the price has fallen, you should know that before a beginner chose to invest on Bitcoin for long term holding they are ready for any unforseen circumstances including the dip so they will always sticked to there investment accumulation because sometimes people can easily get overwhelmed because of the dip and putting everything they have all in the name of taking advantage of the opportunity and later it starts affecting them, so is better for someone to continue their DCA than investing aggressively.


I believe the longer a person has been HODLing, and the lower his/her average purchasing price - he/she would have less probability to panic. That's perhaps because of simple human psychology and experience?

Think of person who bought his/her Bitcoins last cycle with an average purchasing price of $5,000 vs. a person who bought his/her Bitcoins this cycle with an average price of $50,000.

From your perspective you are right because there could be a different between a purchasing power of an investor who have been in Bitcoin investment for many years and those who are just starting because if an investor was very consistent and has gotten there targeted point on their investment in most cases the purchasing power of that investor may likely reduce a bit and will never experience any panic because they have already achieved there goal but in other words those who just started will always be very consistent on there purchasing power because they still have a long way to go.
sr. member
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August 07, 2024, 08:07:24 AM
Personally, I have my doubts that the mere fact that a person who presumptively has been in bitcoin longer and presumptively accumulated a decent amount of BTC at lower prices would not necessarily panic during various extreme BTC price dips.

Sure, there should be more systems in place that contribute towards longer time bitcoiners to figure out how to manage their bitcoin portfolio and other parts of their cashflow, yet I think that from time to time, some of the longer time bitcoiners do panic and make decently sized mistakes with some or all of their BTC holdings, yet many times, the longer term bitcoins will not be very likely to be playing around with large portions of their BTC holdings, so if they make mistakes, such mistakes would more likely involve less than majority portions of their BTC holdings rather than more than majority of their BTC holdings.


I believe the longer a person has been HODLing, and the lower his/her average purchasing price - he/she would have less probability to panic. That's perhaps because of simple human psychology and experience?

Think of person who bought his/her Bitcoins last cycle with an average purchasing price of $5,000 vs. a person who bought his/her Bitcoins this cycle with an average price of $50,000.

The solution for people who panic - Cold Storage in an offline computer. It will take a few extra steps to move your Bitcoin, making you not to move them at all. Cool

Even if we have long experience dealing with bitcoin still we cannot erase those feeling to get worried about the future especially if we sudden huge dumps just like what happen lately. But the advantage is we could just shove of those negative feelings and could able to continue without getting affected of other peoples fear.

But I guess the purchasing power still the same or increased since right now we can use big funds to acquire bitcoin we already earned some profits compare before which somehow struggling to grab funds to spend on investment. Maybe the only one decrease is the volume since before bitcoin price is so cheap and we can accumulate lots of volume even if we spend less compare to now that we need to spend a lot of money just to get the whole bitcoin. But that's fine since this is part of development as long as we continue to accumulate and for sure profit still there.

Your solution suggested to not get panic in those situation is good, but also they can add this option where they should delete the apps that tracks their portfolio also the price of bitcoin since without getting any further news for sure they will be fine and can think about other things that can divert their attentions.
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August 07, 2024, 08:02:06 AM
Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

it is true that this certainly makes some people panic like those who already have BTC assets. but the other side of this moment is definitely what those who want to buy BTC are waiting for because the price is surprising all those who know BTC. but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.


With the current price of BTC that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.



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You did repeat yourself a bit at the end of the post, but I agree. Some are fortunate because of the dip, some - are not so much. In the end, the situation is both good and bad for different people, but we should use it to our advantage as much as possible, going both in spot and futures, thinking about how it can be worked around.
You should avoid futures at all cost, the way you are sounding, I think you are having the mindset of a trader and it will get you into troubles. If you read through the internet after the last dip occurred you will see how much dollars that was liquidated from the market, and they are mostly daily traders that fell victims.That's exactly why it has been said here many times that anything day trading should be avoided. Be it the spot or the futures you are talking about. The dip situation can only be beneficial to long term investors who are actively engaging and buying with the various strategies. The market will always liquidate day traders no matter how careful you try to be, at one point you will surely pay the price one day.
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