Topic: Buy the DIP, and HODL! - page 129. (Read 130492 times)

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.


You are right though, but if you’ve met some people who panic a lot and are scared of losing money, they won’t care no matter the stress it’ll take them to take out their money when they see their savings already going into loss. Storing in a Cold storage in an offline computer is suppose to discourage them but at that point they won’t feel the stress and vigorous step to take away their savings. They can’t be a permanent solution to those who panic, they just have to make up their mind and work through their psychological mindset on how they react to markets when it dips. Some people will see those periods as another good buying opportunity for themselves only if they can and have reserve funds to grow their portfolio more in that period.

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.
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.

That's exactly the point but at the same time we should not shy away from the truth although it is not a good thing to concentrate on the price check because it serves as a discouragement to many investors lets not also forget that at some point most investors forget that Bitcoin major goal is to be achieved in the long-term and I believe along the line because of quick money mindset they decide to make some silly decision by checking the price to see if there will be a kind of pump to enable them sell some of their holdings.preparation before starting any journey is always the key in accomplishing a personal task, most people got the wrong mindset about Bitcoin investment thats why they find it very difficult to get the whole setting right, as bitcoiners our main aim is the preparation for the future, looking at the present price may discourage us from arriving to our destination, so for me at every point we should let go of fear and beware of market speculation thats capable of distracting us from doing the needful which is seeing every dip as a good opportunity to make our portfolio bulky.

I see no reason why someone should panic when there's a dip in Bitcoin, unless you don't know the history of Bitcoin and it's development, if you have the full knowledge of Bitcoin and it's growth history you will know dip in Bitcoin is an opportunity for investors to accumulate more and you will know dip is also part of Bitcoin growth.
So I see no reason why anyone should panic, which ever way you are accumulating your Bitcoin all you need to do is have Patience and be consistent in your accumulation.

And about Accumulating and holding, there are people who uses little percent from there salary to accumulate weekly or monthly and there are people who also uses larger percent from there salary to accumulate weekly or monthly, and is true that one will earn more Bitcoin than the other but it all depends on there stopping time or year.
Which ever percent you choose to use in your accumulation is fine as far as one will meet his desired target.

Now even those who are financially well off use the DCA investment strategy to invest. DCA investment strategy is very effective an investment strategy basically this investment strategy has opportunities to invest at every step of the Bitcoin price so that there is no chance of missing an opportunity. 

In DCA investment strategy an investor can invest daily if he wants or can invest consistently every week or he can invest monthly consistently if he wants. Just as we pay through installments so we don't feel any extra stress, investing in DCA investment method will never feel extra stress to us. You can increase or decrease the investment amount based on your income. 

If you are serious about your DCA investment approach and if you do not want to make this investment irregular in any way, I would suggest you to build additional funds. 
Many people may not be able to create additional funds due to not being able to earn enough money, but those who have the opportunity should create additional funds so that your investment will be more consistent.

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.

The decrease in price of bitcoin is supposed to be an opportunity to buy more bitcoin but some people have seen the decrease in price to be threat or an excuse to think its not still the right time to buy bitcoin that it might still go dipper. For thosebwho understand bitcoin very well every dip will serve as an opportunity but not as a threat. For those who think their is always a perfect time to buy bitcoin the common things they usually experience is missed opportunity to buy and they later regret for waking for the perfect time.

Their is no speculation when to buy bitcoin because bitcoin can be profitable whatever the it is bought but if one comes across of the dip then it should beban opportunity that needs not to be missed. For real hodlers the fall of price of bitcoin is never a threat to panic but to accumulate amount of Bitcoin that one should be able to buy.

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.

For sure its fine since after all its tolerable to commit mistake in the words you use. As long as you properly take those correction well and acknowledge that there's something wrong with those past statement you made. Since actually there's no perfect time regarding on when a investor could start to accumulate. Since anyone could able to start at what figures currently presented by bitcoin so they just need to accumulate when they are really ready price should not be the less concern of the investor.

This decline is just another good opportunity for holders to accumulate more and the recovery happen show something that there's no need to get panic in such situation happening since its just a normal scene in bitcoin. If they get afraid, they get burned and those who believe to accumulate more will be lucky to earn good profits especially if the price of bitcoin recover or even it breaks new record for new ATH set.

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.

Strong mindset Yes, and if you've the perfect orientation about Bitcoin investment, the dip you see wouldn't trouble you that much since you're out for a long term investment, and if you're not on a long term investment, then you're investing wrongly and should not have started.
The price volatility is the main reason people are advised to invest with amounts they're prepared tho lose so that you can have little emotional outbursts when you're investment is bearish.

It's not just about mentality, it has a lot to do with orientation. When armed with the right orientation, your mentality is shaped accordingly and you direct most negative thoughts away from your subconscious making you prepared to face the situation. So if their Bitcoin investment orientation is sound, they would act accordingly, of course except the extremely foolish ones.

The right orientation encourages you to keep purchasing irrespective of the price fluctuations and have a definite target quantity in mind in your accumulation journey, remain consistent and achieve your goal.

About the price, you can still be watchful to identify the good dips like what we experienced recently and buy more for bigger and better profits.


In Bitcoin investment, you expect anything apart from Bitcoin going extinct, dips are part of the cycle, as well as pumps. So you expect a dip just as you're expecting the bull run to start.

What you are stating above KeenanEl19, makes little to no sense..  A person who is a long term investor into bitcoin and who has been in bitcoin for a long time already, they started out with a short period of time invested into bitcoin, and the passage of time contributed to their becoming a long time invested into bitcoin.

Someone who is beginning to invest into bitcoin could have had come to bitcoin as a long term or as a short term investor, and they might already know what their plan is from the start or they might change their mind in regards to what they are going to do regarding bitcoin sometime within the early days of their investment or during some volatility period, yet the mere fact that they have not been invested in bitcoin for a long time does not indicate either way, whether they are going to be able to be consistent or not.

Of course, if we might know about some of the details of some newbie investors, such as if they are reasonably investing within their discretionary income and they are providing themselves with various kinds of cash cushions, then it may well become more and more likely that they are going to be able to have a consistent investment in bitcoin and they are not going to be easily shaken out of their bitcoin investment due to lack of proper financial preparations... yet sure, there could be other things, besides having solid financial preparations that could influence whether a person decides to stay or not in their bitcoin investment in the long term, such as 4-10 years or longer.


Yep.  It is too bad that some folks get shaken out of their position and are not financially and/or psychologically prepared for BTC price dips.  Frequently, someone might have little to no idea that s/he is a weak hand until they are put into a situation in which their resolve is tested, and surely sometimes, weak-handedness can become less likely if a person chooses a position size that is smaller - so figuring out a way to invest into bitcoin with an amount of money that they are willing to lose and/or willing to go to zero. Surely some of those folks might end up being labelled as whimpy investors, yet it probably is better to get into bitcoin as a whimpy investor rather than getting into bitcoin and then ending up selling at a loss.

But, hey, whatever.  We know that even though bitcoin is amongst the best, if not the best investment available to normies, there are still going to be some folks who figure out ways to lose money on what should be a winning investment...and yeah, it is not guaranteed, even though so far historically, it has continued to reach new ATHs fairly regularly... yet sometimes there are needs to wait a whole cycle for a new ATH and also at the same time, every investor into bitcoin should recognize and appreciate that at any point during the investment, there is no guarantee that bitcoin will ever reach another ATH again.
 

Newbies do not need to buy bitcoin with margin or leverage, and even experienced investors don't need to use those kinds of financial instruments.  There are a lot of folks who have gotten rich as fuck by merely directly buying bitcoin, and so there is no evidence to suggest that bitcoin's investment thesis is weaker today than it has been historically, even though the amount of appreciation is likely not able to reach the same kinds of multiples and/or magnitudes as it has done historically, yet that still is no reason to fuck around with margin and/or leverage.. but hey, whatever there are folks who do that and some of them figure out how to turn a winning investment into a loser.
 

I doubt that you need to explain the concept.. and surely if you had stated what you meant by "MC" in your first post, then that would have had been enough for many of us, including yours truly, to look it up in the event that any of us might have not been sufficiently familiar with the concept or how you were using it in your post... to the extent it is even very relevant (or of interest) in regards to our discussion of long-term investing (rather than trading) in this thread.

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.

indeed there are those who say that investing in Bitcoin is better in the long term, in my opinion it is true because even now it has fallen but now it has started to recover by more than 10%. for beginners who have just invested in Bitcoin it is natural for me to panic when they see the price of Bitcoin fall as experienced by my friend at that time without thinking twice immediately selling it even though he was in a loss condition.

4-10 years is not a short time, so in my opinion only a few people can really be consistent in doing it.

MC stands for Margin Call which as far as I know is a notification or request from the perpetrator to an investor to inject additional funds into their margin account. This situation occurs when the value of the investment owned by the investor falls below the minimum level set by the perpetrator, known as the margin requirement. more or less like that, or like those who have BTC assets but have lost everything due to the price drop that has reached their previous capital point.

One of the most predictable things in bitcoin is that it is going to be volatile in the future.  So by definition, volatility includes both price dips and price rises, and another thing about bitcoin's volatility in particular is that none of us can really know in advance its direction, yet we might be able to try to consider whether its odds for going up are greater than its odds for going down, and to figure out our BTC investment approach and our investment size (including our accumulation approach if we are in such a stage) in accordance with our anticipations regarding its overall price direction.

Part of the advantage of having a longer time investment horizon is to not necessarily get caught up upon either short-term BTC price moves or trying to figure out various news events that might affect short-term BTC price moves, including that likely little of what you had proclaimed as supposedly important in regards to the strength of bitcoin's investment thesis are even close to being very important, except to maybe show various pieces of evidence regarding the desperation and/or peril of various traditional investment systems in regards to what seems to be bitcoin's place within that.


What do you mean?

Largely, in this thread we are talking about long term approaches to investing into bitcoin, so why does it really matter very much if the BTC price goes down a bit rather than up or sideways, especially if our investment timeline is relatively longer rather than shorter.  Do you think that great differences happen merely because BTC's price dipped lower than expected?  Seems like a BIG so what to me, especially for longer term investors who likely have investment time horizons for 4-10 years or longer.


The timing of your post seems a bit off in regards to whatever supposed pep-talk you are making.  A lot of the red arleady happened, so then there might be some questions whether the bottom is in or not, and yeah, the BTC price is still around $10k less expensive than it was about a week ago.. so yeah, I am not going to disagree that there can be some advantages in terms of buying now relative to last week, but still, many BTC investors do not have truckloads of cash lying around that they can now decide to employ.. so there likely needs to be some attempts to talk about scenarios that are realistic rather than coming off as some kind of a degenerative gambler (or trader) who might be trying to play these price waves, when surely this thread really not considering trading to be a reasonable investment technique, and maybe even moreso in an asset that seems to be so great, like bitcoin.


You are not really wrong with anything that you are saying Popkon6, yet I think that it is worth it to point out that dumps in bitcoin can happen at any time, and there is a decently large quantity of examples in which the BTC price dumped 30% to 50% or more in a relatively quick timeline, even in the midst of a bullrun that might result in the overall BTC spot price rising several multiples and/or even several magnitudes in a relatively short period of time.  So there can be and likely will be plenty of more dumps, whether such dumps happen prior to our going up right now, or prior to our reaching another ATH or at various other times in the near future, whether in this calendar year or in 2025 - and another thing is that we cannot even be guaranteed that we are going to have further UPpity BTC prices from here, whether we are referring to this year or 2025.. so yeah, we might have an investment thesis in which we consider that there are decently good chances that BTC prices are going up from here in 2024 and even higher in 2025, yet none of that is guaranteed, even if those are likely amongst the strongest of likely scenarios.  Merely having strong likelihood does not cause the most likely scenario to become guaranteed.


I am not really sure what you mean by dividing our funds into smaller sums in what seems to be the context of poor folks.

From my point of view, there comes to be points in which it is not very practical to divide funds into smaller sums, so you may well be caught a bit in a fantasy if you believe that everyone can apply all of the same tactics and the solution is for poor people to do the same thing, but just to divide what they are doing into smaller sums.

If you were merely referring to DCA'ing then perhaps I would kind of agree with you, yet in recent times, there seem to be so many forum members (including you) coming out with posts that argue some level of greater aggressiveness for buying dips, which causes me to conclude that some of the folks who are speculating (or presuming) that poor people should be fucking around with trying to buy dips rather than making sure that they got their shit together (with fairly solid practices) in regards to DCAing and cashflow management. DCAing and the employment of good cashflow management can be very powerful tools when it comes to investing - especially if the investment is bitcoin... and my saying such a thing should not contribute to any presumption that I am proclaiming bitcoin as being a guaranteed profitable investment.


What is "MC"? 

Holy shit.  Any guys who use acronyms should make clear that the acronym is known.  Usually the better practice is to say what it is (especially the first time that it is used in a post), unless it is a commonly used and widely known acronym..


Oh gawd... 

Now you are referring to futures? as if any of us should understand or be considering how to employ various financial instruments, including but not limited to "futures" as if such things were an appropriate discussion point for this thread.


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.


This is a very agreeable statement, and good to reiterate and emphasize, as you did.


Even though I merited your post Roseline492, DCA does help with minimizing the impact of volatility (Sim_card seems to also touch on the advantages of DCA in terms of lessening the impact of volatility, yet he also gets into some additional areas of discussion in regards to combining DCA with lump sum buying.. which almost seems like DCAing the way that Sim_card provided his lump summing example to use all of the newly found cash to buy BTC right away with all of it.. hahahahaha).. so I am not sure why you want to contest that kind of an assertion about DCA.   Surely, your own point about DCA is correct too, and DCA not only is a good method to accumulate bitcoin, especially for long term HODLers, the DCA approach allows quite a bit of tailorizing within the parameters of what any BTC accumulator considers to be acceptable spending amounts within his discretionary income, so the BTC can tailor his DCA to be whimpy or aggressive or some variation of the two and can even change his level of whimpiness and/or aggressiveness in accordance with his own changes in preferences (sure he might screw up his levels of DCA based on such tailoring, but DCA gives any newbie or even experienced BTC accumulator a lot of flexibility within his chosen employment of such DCAing practices) and he can even have differing beliefs in regards to what DCA is accomplishing for him, and still end up getting to a similar place with his employment of DCA as compared with someone with differing beliefs about why they are choosing to DCA into BTC.


I mostly agree with you here SuperBitMan - even though it seems to me that you are placing a bit too much emphasis on some kind of a presumption that you are going to know where the BTC price is going in the future and/or also in regards to what the macro-economic conditions are going to be 5-10 years or more down the road when you might start to consider that you have reached or are close to reaching the goals that you had outlined for yourself towards the beginning of your bitcoin investment journey.

So, the main way that I would differ from your stated assessment would be that I would leave a wee bit more room for anyone coming into bitcoin to expect that he is going to need to make quite a few assessments and reassessments along the way both in terms of whether his initial goals and parameters were realistic and/or the extent to which some of the measuring sticks might have been altered (or inadvertently changed) after he had started his investment.  Surely there could be ways that guys might attempt to measure in real world needs and assets (such as properties or food, energy, transportation and/or housing) or in discretionary consumption goods (such as hookers, lambos and blow), yet I think it would be problematic to get overly arrogant in terms of believing that newbie investors into bitcoin (whether already experienced investors or not) are going to have enough knowledge to be able to precisely set his various goals from the start.. even his life circumstances (including his health) could end up contributing to surprise (maybe not completely unexpected) needs to make changes to the goals.



That seems to be mostly true, yet there could be ways to have various amounts of reserves in place that allows someone to invest into bitcoin with an expectation of future income, but yeah, the overall idea is correct that investment is only possible (and not a form of gambling) if it is based on discretionary income rather than based on funds that may well be needed to cover expenses at some point of the 4-ish year or longer investment time horizon..



Especially true for beginners or for anyone who had not already accumulated a decent amount of BTC.  Waiting for the dip seems to mostly be a reasonable practice if it is employed by someone who had already accumulated a decent amount of BTC to already be sufficiently/adequately prepared for up, whether that had been by lump sum buying or maybe other forms of front-loading their earlier BTC buys.


Fair enough.  It seems that in this thread we have been frequently trying to conceptualize the various kinds of savings that we have as forms of back up funds that might fit in categories of emergency funds, reserve funds and float.. . but yeah, savings is a more general way to refer to the same idea... yet if push comes to shove, it can become more useful to have had created systems that more specifically categorize funds rather than just generally referring to your backup funds as savings (even though a very similar idea is contained within the concept of savings).


Surely Microstrategy (MSTR and Saylor) serve as decently good examples regarding how companies (and/or individuals) might continue to accumulate BTC in both good and bad times, yet surely individuals need to be careful in regards to the ways that they compare their own situations to MSTR. 

I am not really sure how much I should go down the path of providing evidence regarding how MSTR/Saylor is likely not going to be a very good specific role model for a lot of individuals, even though surely we can consider that MSTR/Saylor is already using available cashflows, but they are also using fairly complicated financial tools to leverage (in a variety of fairly complicated collateralized ways), so an overwhelming majority of individuals are going to find themselves in much different positions regarding their ability assess their abilities to use collateralized financial tools, even though they might have some similar ways that they might assess their cashflows, but holy fucking shit, between around 2014 and 2020, I was largely recommending that newbies get into bitcoin with 1% to 10% of their investment portfolio (or their gross income); however, between 2020 and currently, my recommendation has largely transitioned into my largely recommending that newbies get into bitcoin with 5% to 25% of their investment portfolio (or their gross income)

---- and so since 2020 I consider that I have been recommending more aggressive ways for newbie normies to get into bitcoin that might not even necessarily be good for some newbies to consider my recommendations in terms of the level of aggressiveness that I have been recommending (and surely at the same time, everyone is responsible for their own investment choices too.. including if they are such a dumbass as to fail/refuse to get off zero).. but if they were to be going with Saylor's level of aggressiveness, they may well be going way beyond even my own seemingly aggressive recommendations, especially since Saylor's very first purchases with MSTR's treasury (in August 2020) was to jump into bitcoin by putting around 75% of it into bitcoin.. and he ONLY became more and more aggressive after that... almost like a degenerate gambler (even though surely his investing strategies are not necessarily as aggressive as they might seem if one actually accounts for the various ways that Saylor/MSTR has been backing up its BTC investments). 


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.


This part of your post is true.


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.


There is no need to engage in any kind of analysis beyond merely recognizing bitcoin as a good place to invest and figuring out whether they have a disposable income.  Surely there is a bit of an implication that the investment would be for at least a whole cycle.. but not sure if any meaningful analysis need to be embarked upon in that direction prior to getting started.. even though surely, normie newbies should be able to figure out several of these basics in their earliest of times of sorting through why they are in bitcoin and why they are making sure that they are ongoingly, persistently and consistently employing BTC accumulation strategies, even if it might only be starting with $10-ish per week..


In the beginning there is no reason to be more or less aggressive based on perceptions of BTC price changes, but yeah, at some point, newbies might conclude that there are various ways and reasons that they might want to change their level of aggressiveness based on a variety of factors that may or may not end up including their perceptions of whether the BTC price is low or not. 

One thing that is likely more important for normie newbies is making sure that they stay alive..so even if they are getting started in their BTC investment as soon as possible, they likely need to ensure that they are starting out sufficiently conservative in order to assess that they are not employing tactics that may well lead to their not being able to stay in their BTC investment - yet staying alive should well be common sense that any normie or any normie newbie should already recognize and appreciate, so it seems almost too basic to be telling some normie newbie that one of his goals in terms of investing is to stay alive, so I am not going to presume that normie newbies don't already know that one of their most basic goals should be to stay alive.. that seems like too basic to even dwell upon having to teach someone..

Oh and by the way, I generally presume any normie newbie to be a mature adult, so yeah there are a lot of folks who get into bitcoin who are not mature adults, but that is also on them to figure out their own limitations in terms of their maturity level, and I am not going to presume that the mere fact that I am presenting information on the interwebs that normie newbies have all of a sudden turned into not mature not adults, even though surely there are readers of these kinds of threads who fall under such categories, so they are still going to have to figure out the extent to which they are able to manage their own immaturity and their non-adultness and even potentially their level of retardedness so that they do not end up recking themselves in the process.. but there is no way that any of us writing these kinds of suggestions about how to invest should take responsibility towards folks who have to either figure this stuff out for themselves or to get help to make sure that they have basic levels of maturity of an adult to be able to employ bitcoin accumulating techniques, and don't get me wrong, there surely might be some 10 to 12 year olds or even some other seemingly younger folks who are mature and smart, yet the younger that they are, the more likely that they are going to have maturity issues including potential problems to believe that they know more than they do... but that's on them to figure that shit out if they are participating in online forums... and I also don't believe in legislation to force the verification of age in order for people to read threads like this one..and personally I am not going to water down my own recommendations merely because there are non-adult non-mature folks reading posts like this one, they are still responsible for their own actions including if they might need to go ask their mom, dad or any other adult that they might have in their life that might be able to help them, and yeah there are some folks who are lacking in adult supervision or adults with whom they can consult, so they have to attempt to figure out on their own if they are getting in over their heads or if they might need to be a bit more humble about their level of knowledge and/or maturity to deal with investing in something like bitcoin.


These seem to be more than reasonable points, even if there is likely a decent amount of individuality that needs to apply towards anyone coming to such conclusions.

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.

Yes, even though they are still new, I am sure they have a strong mentality to continue if their target is long term.
This is also where we need reserve funds to buy aggressively, price movements will be difficult to predict and no analysis is 100% correct, so trust your decision to continue buying.

Yes, even though we don't expect a decline to occur, the market can change in an instant. The point is, don't worry and continue buying gradually and also enter aggressively at lower prices.

Point one, I don't care about price for now.
Point two, my focus is only on doing routine DCA every week.

You are absolutely right no one is suppose to sell whether new or old investor being an old investor doesn't make one to be different or make one feel he/she can play with the market I don't mean to insult anyone but we should know that the market is no a respecter of person but I disagree if this, will be the last bearish at this ATH maybe you have forgotten that Bitcoin is volatile, it's variation is what we can't tell or imagine you maybe correct because all we do is predicting and guessing but this is not the time to be talking about last bearish or whatever rather this is the time to build a great portfolio if you have the money but I can't advise someone to go and borrow even if I trust this investment perhaps you should chill if you don't have what to... After all there's always another time  provided Bitcoin is in existence.

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.

Panicking is part of the system but we should have it mind that it is not beneficial to us for the long run, maintaining a long-term perspective helps to keep our faith by believing in the bigger picture and focus on the objectives of our investment aims despite the market fluctuations.

Not only new investors, but all new and old investors should not sell during this dip in Bitcoin. While old investors are experienced in this matter, new investors panic at this time and exhaust their savings. My only advice to them is, you focus on regular savings rather than on price. If you think about buying without thinking about selling, this is the perfect time to buy. It is doubtful whether such a price will ever be found in the future. Maybe this is the last bearish at this ATH.

I understand very well, and I know they are some people who have accumulated for about 5 years now and still having issues in knowing if they have accumulated enough or not, people are different and you never can tell what someone will be going through unless they speak out, or are you saying old investors don't face challenges at some point.

It means that you don't understand what it takes to be an old investor who have a good experience in the market about the dips and was able to control their emotions long time ago and did not sell. It is new investors that have little knowledge of bitcoin that might want to sell at the dip because the price of bitcoin has gone below their entry point and that can lead to panic, but since they have made up their mind to invest and hodli for long with little amount, they can overcome their fear with their regular DCA buying non stop.

Old investors with 5-10 years bitcoin accumulation experience will never think of selling at the dip because he knows that it is not the right time to sell. Instead the old time investors are the ones that normally benefit more from the dip because their bitcoin portfolio have reached an actual size that they will prefer to wait for the dip in other for them to buy more Bitcoin at discount price so that it can have a significant increase on their portfolio. It is useless for an old investor to think of selling his bitcoin when he does not have more than enough and he is still accumulating.