Buy the DIP, and HODL! - page 129. | Bitcointalksearch.org

laijsica

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Quote from: avp2306 on July 07, 2024, 03:52:56 AM

Quote from: ginsan on July 06, 2024, 03:41:42 PM

Quote from: Odohu on July 06, 2024, 05:50:12 AM

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.

I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.

We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.

Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.

To get most of the benefits of sticking with DCA, buying dips is a relative boost that happens with regular bitcoin deposits. You can call this the beauty of dumping which may not happen again and again. There may be times ahead when you will not get the dips price as you got now. Your investment cannot be just for daily profit. You have to hold longer and run several rounds to get the reaction of gradually accumulating bitcoins. A few days of dumping trends can take the opportunity for small depositors to accumulate more bitcoins, giving them the opportunity to build more stacks. You should keep in mind that the market conditions will not always be in your favor and you should keep more holdings. Even though the price of Bitcoin is volatile, you should keep yourself steady in holding which will allow you to get high profits and be a successful Bitcoin holder in the future.

avp2306

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Quote from: ginsan on July 06, 2024, 03:41:42 PM

Quote from: Odohu on July 06, 2024, 05:50:12 AM

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.

I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.

We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.

Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.

Reincarnated Sat

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Quote from: Rabata on July 06, 2024, 01:07:00 PM

Quote from: Y3shot on July 06, 2024, 09:40:19 AM

Quote from: Odohu on July 06, 2024, 05:50:12 AM

Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

The dip was massive and for those who understands the market it was opportunity for them to buy Bitcoin. When the price of bitcoin was around $60+ some persons were worried about the price of bitcoin, if it was the right time to buy bitcoin and unexpectedly the price of bitcoin drop that for investors to buy more to hodl. People don't need to be be worried about the fall of Bitcoin, it is either to use the opportunity to buy more or just stay without been panick and keep hodling because the price of bitcoin will still increase . By now the market of bitcoin should be strange to people because volatility will always take place.

The current market may be a lesson for many investors who have been disillusioned by Bitcoin's slight price drop. Two categories of people have benefited from the current market, one is the Bitcoin holder and the other who is continuing DCA. Both hold the bitcoins and both will benefit. Some investors quickly sold their bitcoins, but within a short period of time, bitcoins started to move upwards again. Those who sold at 54K are now counting their losses. Investor should have a long term plan. Profiting from Bitcoin can be much easier if you plan to hold it for a long period of time rather than aiming for a quick profit.

People who sold there Bitcoin when it was on dip really do not understand how the Bitcoin market works and are not investors any body coming into Bitcoin should have the mindset of a long term investment, involving one's self in a short term investment or becoming a Bitcoin trader is very risky, those who sold in the dip were obviously Bitcoin traders.

If anyone is joining Bitcoin investment I will advise you have two sources of income it helps a lot especially when you have a lot of responsibilities and please when you are still single be more aggressive in your Bitcoin accumulation so before you get married you would have accumulated a lot because marriage comes with a lot of responsibilities which may reduce your investment percentage on Bitcoin.
A lot of people that sold even on dip may be out of pressure from family responsibilities and that is why you should be careful the kind of partner you get married to some partners will make sure all your investment are being sold out just to keep up with there lavish lifestyle as an investor you need to marry someone that will support your dream and be able to cut down his or her expenses as not to run you down.
A friend of mine said one should marry what he or she is this means that marry your kind of person if you are the kind of person that always manage his or her expenses marry someone that also those same, check your partner very well before saying I do.
Without a peaceful home is impossible to hodl your Bitcoin investment for a long term and that is why you see some people selling at the dip instead of Accumulating more.

ginsan

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Quote from: Odohu on July 06, 2024, 05:50:12 AM

Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.

I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.

Felicity_Tide

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cout << "Bitcoin";

Quote from: Moreno233 on July 06, 2024, 01:48:11 PM

I do not really see much challenge here because the essence of making investment is to be able to solve personal problems from the proceeds of such investments and we in this sphere chose Bitcoin so it will not be bad seeing that someone is able to get married and raise a family through the part of the proceeds of his Bitcoin investment. What I see that is bad is selling off ones entire Bitcoin to use the money for marriage ceremony. This is bad because marriage bring additional responsibilities so having investment in Bitcoin will be a wonderful leverage.

Like you rightly said, marriage should be planned properly in such a way that it does not hinder the investment even though it might require adjustment of the DCA amount by pushing more funds from the DCA money to the reserve funds to accommodate the marriage and family requirement. As long as the DCA method is running smoothly even with reduced capital, I feel it is fine.

I don't know how it may sound if I suggest that: we should all get at least two source of income. An exception to this idea is when you have a single buoyant source of income with good income, and could probably cover so many expenses including your investment funds for a period of time. My reason for suggesting this idea is because, having a single source of income that is not buoyant could possibly have effects in our long run investment. Take the marriage and raising of family as example, that is a completely different life style that comes with a lot of responsibilities. Your monthly budget is multiplied, as they are more stomach to be fed. But when you happen to have multiple source of income, the financial pressure would be absorbed a little, which might possibly not change your investment plan in any way (whether DCA or any other).

Just like I said earlier, having multiple sources of income is advisable, except your only source of income is buoyant enough. Not sure if buoyant is the right word, but I hope we all understand what am trying to say.

And again, having multiple sources of income can be quite difficult, especially in countries were unemployment rate is very high. But I think we can all give it a try by looking for, or creating for ourselves. But we must never introduce greed, so we won't be worn out at an early age.

Frankolala

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Quote from: DubemIfedigbo001 on July 06, 2024, 01:11:52 PM

Quote from: Sim_card on July 06, 2024, 11:03:53 AM

Quote from: wmaurik on July 05, 2024, 10:20:57 AM

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Investing in bitcoin before or after marriage doesn't mean anything because it does not guarantee your success in your bitcoin journey if it is not done the right way. What matter when one wants to invest in bitcoin is have the resources available to but bitcoin frequently from your discretionary income without overdoing it that it will affect you later. Bitcoin investment is for all whether married or not married.

If not planned properly, marriage life brings about additional responsibilities that might affect the finances of a newly married man, also at my country, a lot of money is expended in the marriage execution processes that the man takes some time to recover from. It might reduce his accumulation strength, but if he has a very strong source of funds, then he would just continue without any altercation in his accumulation strategy.

Quote

If you are talking about the responsibility of a married man, it should not prevent him from investing in bitcoin because he has a means of income and discretionary income. If you observe, most Whales or rich business mugu are married because if you are married, you will have a proper knowledge on financial management and you will also see the reason why you should invest for the future because of your family. Some people it is when they get married that they do have financial breakthrough, will you say that such people will find it difficult to invest in bitcoin and hodli while they build their bitcoin investment portfolio for long.

Marriage is a beautiful thing and such that makes men more responsible and plan ahead to be able to meet future goals but let's not forget that marriage isn't always as sweet as it appears, the spouse you marry matters a lot and the level of peace in your home can either boost your activities or reduce you as a man. When you marry an extravagant wife, you might not be able to meet up with your proposed activities because your wife is an important part of you that you can never neglect, and her actions might be eating deeper into your discretionary funds. So, this your description is solely for those that married the right and supportive wives. Their wives boost their confidence in doing the right thing and even helps him save more to invest in bitcoin as they are dedicated to securing the future together.

From what I understand, it is based on the financial strength of that individual before marriage. If he is an average earner, he will have challenges at first after marriage with meeting up with his regular DCA that he does weekly but that does not mean that he cannot continue after he has sort himself out from his new responsibilities of having a wife.

However, if the person is rich, I don't see why marrying a new wife will be a barrier in his bitcoin journey or slow him down because he has enough funds to take care of additional responsibilities. The size of your family will also determine the pace at which you will use to accumulate bitcoin regularly.

Moreno233

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Quote from: DubemIfedigbo001 on July 06, 2024, 01:11:52 PM

Quote from: Sim_card on July 06, 2024, 11:03:53 AM

Quote from: wmaurik on July 05, 2024, 10:20:57 AM

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Investing in bitcoin before or after marriage doesn't mean anything because it does not guarantee your success in your bitcoin journey if it is not done the right way. What matter when one wants to invest in bitcoin is have the resources available to but bitcoin frequently from your discretionary income without overdoing it that it will affect you later. Bitcoin investment is for all whether married or not married.

If not planned properly, marriage life brings about additional responsibilities that might affect the finances of a newly married man, also at my country, a lot of money is expended in the marriage execution processes that the man takes some time to recover from. It might reduce his accumulation strength, but if he has a very strong source of funds, then he would just continue without any altercation in his accumulation strategy.

I do not really see much challenge here because the essence of making investment is to be able to solve personal problems from the proceeds of such investments and we in this sphere chose Bitcoin so it will not be bad seeing that someone is able to get married and raise a family through the part of the proceeds of his Bitcoin investment. What I see that is bad is selling off ones entire Bitcoin to use the money for marriage ceremony. This is bad because marriage bring additional responsibilities so having investment in Bitcoin will be a wonderful leverage.

Like you rightly said, marriage should be planned properly in such a way that it does not hinder the investment even though it might require adjustment of the DCA amount by pushing more funds from the DCA money to the reserve funds to accommodate the marriage and family requirement. As long as the DCA method is running smoothly even with reduced capital, I feel it is fine.

DubemIfedigbo001

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Let love lead

Quote from: Sim_card on July 06, 2024, 11:03:53 AM

Quote from: wmaurik on July 05, 2024, 10:20:57 AM

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Investing in bitcoin before or after marriage doesn't mean anything because it does not guarantee your success in your bitcoin journey if it is not done the right way. What matter when one wants to invest in bitcoin is have the resources available to but bitcoin frequently from your discretionary income without overdoing it that it will affect you later. Bitcoin investment is for all whether married or not married.

If not planned properly, marriage life brings about additional responsibilities that might affect the finances of a newly married man, also at my country, a lot of money is expended in the marriage execution processes that the man takes some time to recover from. It might reduce his accumulation strength, but if he has a very strong source of funds, then he would just continue without any altercation in his accumulation strategy.

Quote

If you are talking about the responsibility of a married man, it should not prevent him from investing in bitcoin because he has a means of income and discretionary income. If you observe, most Whales or rich business mugu are married because if you are married, you will have a proper knowledge on financial management and you will also see the reason why you should invest for the future because of your family. Some people it is when they get married that they do have financial breakthrough, will you say that such people will find it difficult to invest in bitcoin and hodli while they build their bitcoin investment portfolio for long.

Marriage is a beautiful thing and such that makes men more responsible and plan ahead to be able to meet future goals but let's not forget that marriage isn't always as sweet as it appears, the spouse you marry matters a lot and the level of peace in your home can either boost your activities or reduce you as a man. When you marry an extravagant wife, you might not be able to meet up with your proposed activities because your wife is an important part of you that you can never neglect, and her actions might be eating deeper into your discretionary funds. So, this your description is solely for those that married the right and supportive wives. Their wives boost their confidence in doing the right thing and even helps him save more to invest in bitcoin as they are dedicated to securing the future together.

Rabata

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Quote from: Y3shot on July 06, 2024, 09:40:19 AM

Quote from: Odohu on July 06, 2024, 05:50:12 AM

Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

The dip was massive and for those who understands the market it was opportunity for them to buy Bitcoin. When the price of bitcoin was around $60+ some persons were worried about the price of bitcoin, if it was the right time to buy bitcoin and unexpectedly the price of bitcoin drop that for investors to buy more to hodl. People don't need to be be worried about the fall of Bitcoin, it is either to use the opportunity to buy more or just stay without been panick and keep hodling because the price of bitcoin will still increase . By now the market of bitcoin should be strange to people because volatility will always take place.

The current market may be a lesson for many investors who have been disillusioned by Bitcoin's slight price drop. Two categories of people have benefited from the current market, one is the Bitcoin holder and the other who is continuing DCA. Both hold the bitcoins and both will benefit. Some investors quickly sold their bitcoins, but within a short period of time, bitcoins started to move upwards again. Those who sold at 54K are now counting their losses. Investor should have a long term plan. Profiting from Bitcoin can be much easier if you plan to hold it for a long period of time rather than aiming for a quick profit.

Sim_card

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Quote from: wmaurik on July 05, 2024, 10:20:57 AM

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Investing in bitcoin before or after marriage doesn't mean anything because it does not guarantee your success in your bitcoin journey if it is not done the right way. What matter when one wants to invest in bitcoin is have the resources available to but bitcoin frequently from your discretionary income without overdoing it that it will affect you later. Bitcoin investment is for all whether married or not married.

If you are talking about the responsibility of a married man, it should not prevent him from investing in bitcoin because he has a means of income and discretionary income. If you observe, most Whales or rich business mugu are married because if you are married, you will have a proper knowledge on financial management and you will also see the reason why you should invest for the future because of your family. Some people it is when they get married that they do have financial breakthrough, will you say that such people will find it difficult to invest in bitcoin and hodli while they build their bitcoin investment portfolio for long.

You can invest in bitcoin anytime, what matters is your financial strengths and how you can reach your bitcoin target successful without selling your bitcoin journey before time. DCA is a good strategy that helps to build your portfolio gradually and also to build your emergency funds simultaneously with your bitcoin investment if you just started without having any emergency funds. Get started and keep accumulating for the future is what matters most.

Notalony

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Quote from: chigo on July 05, 2024, 04:25:21 AM

Quote from: Hallroom on July 03, 2024, 06:51:26 AM

Quote from: B2Z on July 03, 2024, 05:23:45 AM

Quote from: chigo on July 01, 2024, 08:57:31 AM

Quote from: B2Z on July 01, 2024, 07:42:04 AM

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Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.

To achieve success in bitcoin investment is not only through DCA, but can be done with accumulation or lump sum, because the success or failure of someone in bitcoin investment depends on how they can make their investment plan correctly, be patient when the market is bearish, and be disciplined in their investment.

Because DCA is the best method that can be used by newbies who have limited capital to be able to buy bitcoin in smaller amounts but consistently. They do it over a long period of time, and they can be said to be successful when they get profit when the price of bitcoin is above their average purchase price.

The method or methods of accumulating Bitcoin isn't that necessary for any kind of arguments because whichever strategy or strategies being used is all aimed at getting or realizing a good size of Bitcoin and hodl over a long time and secondly you don't only be patient when the market is in bearish, patient is also needed even when in bullish so that you will not be selling your investment when you are supposed to be accumulating, you no to be patient in all market
conditions, you keep buying and holding until you have a good size of Bitcoin while holding for 4 to 10 years and
above, that is what I have to say with the little I have learned.

Y3shot

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Quote from: Odohu on July 06, 2024, 05:50:12 AM

Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

The dip was massive and for those who understands the market it was opportunity for them to buy Bitcoin. When the price of bitcoin was around $60+ some persons were worried about the price of bitcoin, if it was the right time to buy bitcoin and unexpectedly the price of bitcoin drop that for investors to buy more to hodl. People don't need to be be worried about the fall of Bitcoin, it is either to use the opportunity to buy more or just stay without been panick and keep hodling because the price of bitcoin will still increase . By now the market of bitcoin should be strange to people because volatility will always take place.

avp2306

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Quote from: Odohu on July 06, 2024, 05:50:12 AM

Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

It somehow give me sad feeling its because we didn't see bitcoin to surpass at $80k price but still happy for the fact that there is a great opportunity for those people to start especially those saying that they are waiting for the dip to come before they enter. And know they don't have any excuse because what they want now already came. But if they came to the point that after this dump came then they are start to have a doubt because they afraid for the current bearish situation then provably they might be a total loser for that no stance on what they have said earlier.

For sure once bitcoin price recover those people got scared of the situation would provably say that they waste a opportunity to buy when bitcoin price touch at $56k price level. But if they are really want to invest on bitcoin then much better for them to start now. Don't doubt about the dump and start right away since there would be a lot of disturbance or distractions if they wait for that scenario to happen. We don't know when this dump to end but what's important is we didn't cut off our accumulation because we afraid of more possible dumps.

Odohu

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Quote from: DeathAngel on July 06, 2024, 05:18:51 AM

Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

DeathAngel

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Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.

Agbamoni

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Fine by Time

Quote from: JayJuanGee on July 05, 2024, 12:49:44 PM

Yes.. sometimes there are repetition of themes, and some folks understand and others do not. At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.

I agree with you here. Events repeat at times and only a few get to key in because of they must have had such experience in the past. However it will be difficult for new members to understand, and some concepts will seem extremely new to them until they start having experience firsthand. While we focus on long-term investing and buying the Dip in this thread, there is beauty in versatility. Reading through others approaches and strategic planning irrespective of the risk associated with them. There is room for learning and development regardless of our preferred approach.

Quote from: I_Anime on July 05, 2024, 01:31:34 PM

But for those who have already gotten themselves a nice Stash ( quantities of bitcoin) already, have the upper hand to focus on the dip only , like for instance someone with nice quantities of bitcoin can just take this recent dip as a chance to add up to his bitcoin stash and that may definitely make him to be in the position of ending up with far more better profits in a long run

True! Having a compounding stash doesn't mean we can't take the opportunity of the dip. Instead, it is an even better opportunity to take advantage and buy enough in the dip which will boost our portfolio if there are enough money funds. It is better to have more than our targeted amount of Bitcoin in our stash than to have less. This is why buying the dip shouldn't be a preferred strategy because it doesn't come all the time, and if we keep waiting for it, we won't reach our target.

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Quote from: JayJuanGee on July 05, 2024, 12:49:44 PM

Quote from: Samlucky O on July 05, 2024, 01:20:28 AM

Quote from: JayJuanGee on July 03, 2024, 01:12:01 PM

Quote from: Abbatty on June 30, 2024, 04:48:59 PM

Quote from: JayJuanGee on June 29, 2024, 03:07:44 PM

[edited out]

It is true that if you do not share your ideas or experiences, others will be unaware of them. Some people may even have similar experiences and can easily share with you the best thing to do at such points, it may be something they failed to do at the time, but their experience will be able to prevent others from making the same mistakes they did. I had a terrible first encounter as well, but I've since learned from my mistakes and improved my ignorance and curiosity.

Over the years, I have had several experiences in which I responded to a post, and I thought for sure that my question and/or concern was too basic and that surely some other member would have had already responded to the very post, but frequently, there is not very much overlap in the contents of my posts versus another member who might have responded similarly (and more frequently no one had responded to the ideas that I was wanting to write).

I know how you feel when your ideas are been neglected though I may not be among this conversation but I came across this conversation and I deam it necessary to draw to your attention why most people don't respond to your ideas sometimes, but chose to respond to a similar case by some members here, the reason is because people feel you are too leaned or Morover you know too much for them to shear ideas with you. Rather you need to educate them as your level of experience is too high for them to comprehend. and their ideas may not be recognise or honoured by you.

And yeah surely there are times when people may bring up certain ideas in a way they think might be helpful, but talking about shitcoin instead of preferably bitcoin. Sometimes they may get an annoying reply by you and they get angry and may never reply to your conversation. And sometimes reading is another problem most people have, and lack comprehension skill. It takes a good reader and a good comprehension skill to understand what is really going on in this kind of thread where many people quote each other and ideas becomes disorganised so haphazardly to an extent where some information lost along the line of reply.

Sometimes the ideas you may try to shear with people may be hard to comprehend due to people's levels of understanding. In life there is hyrachy of understanding / authority. Though in this context we are talking about understanding, just like a person who has a master's degree or PhD will come to high school to teach students what do you expect? Though here might not be a high school as I may say because many people around the world is here with different knowledge. but the set of people your level of understanding matches with may not be here. Even if they are here they might be few. But you may see them in the wall observer thread as you usually visit them and they don't normally visit here because most of them may not want to oconversate with people who are not like them.

Though some people may be higher in rank here, and may not be well knowledgeable as you think, but was just fortunate to be where they are in rank. Due to different ideas that may not relate to bitcoin but earned them Merit an looks as if they know more about bitcoin. I am not exempted from what am saying but I believe in due time more people here will learn more and be able to comprehend and contribute to your ideas.

Yes.. sometimes there are repetition of themes, and some folks understand and others do not. At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.

The bitcoin space always has new people trooping in everyday, and the same themes will repeat as markets cycle. Some things never change... or at least, few seem to be changing!

Sure, not everyone is going to get certain concepts or ideas in the first sitting and it's okay! This is all a learning curve, and sometimes you need to act upon something before it will really sink in. You can read, study or learn about Bitcoin all you want but until you've taken a step to buy and HODL, you may not really get the main idea.

You're totally right about accumulating vs trading. Buying Bitcoin for the long-term entails a different perspective unlike trading or gambling. Instead, it's more like you are laying down a path for the future rather than trying to make some fast bucks.

NurseHub

jr. member

Activity: 96

Merit: 7

Quote from: Wind_FURY on July 05, 2024, 06:29:18 AM

✂️

your are absolutely correct, buying at discount is the point behind buy the dips.

for instance; since bitcoin can change but the value does change, if we accumulate 0.05 at $5k when the price is high we might be getting around 0.1 $5k when the price is very low.

so the dips are good discount to what to level of stash we can accumulate.

FinePoine0

full member

Activity: 476

Merit: 141

If the Bitcoin price is at this point in time a holder has done the most appropriate thing and put it in his list. Because dumping from 70 thousand dollars to 53 thousand dollars. This is the highest dumping before the start of the bull run, at which point all investors try their hardest to dump it. I bought three dips from when it was a little over $60,000. And the last date was bought at 54 thousand dollars so now I have earned the average benefit. And it will be a long term investment that's why I left it, so DCA method is best to invest during maximum dumping.

SOKO-DEKE

hero member

Activity: 840

Merit: 570

Quote from: wmaurik on July 05, 2024, 10:20:57 AM

I think that now many people have realized that saving Bitcoin is much better than saving money in the bank. And this has also triggered more people and certain institutions to deposit money into well-known exchanges to buy Bitcoin and then store it safely in their respective private wallets.

Nowadays, inflation is present in almost every country. People’s money is losing value, but now many have discovered the best way to save their money for the long term is Bitcoin not to lost value. They see no gain in saving their money in banks, as banks charges them and the interest they offer is very small. One problem is that people have not been concentrating on saving their money in Bitcoin due to a lack of proper knowledge and also because many governments have been fighting against Bitcoin. However, many people's eyes have been opened, and they now know what is best for them.so they found means of saving their money in bitcoin despite some government did not allowed the citizens using Bitcoin

Quote from: wmaurik on July 05, 2024, 10:20:57 AM

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

When there is money, not time, it is not the best for accumulating Bitcoin. Bitcoin can be accumulated either after marriage or before marriage, but the truth is that if you are a hustler and money is not coming to you that much, I think the best time to accumulate Bitcoin is before marriage because there will not be too many expenses on you. Someone can really strategize well, but if there is family over someone, it will really be hard. As for me now, I take this time as an unmarried person to accumulate my Bitcoin as much as possible. So even if I am not able to continue with the amount I am always using to do my DCA, my mind will be at rest that I have accumulated some amount of Bitcoin.

Topic: Buy the DIP, and HODL! - page 129. (Read 122093 times)