Topic: Buy the DIP, and HODL! - page 13. (Read 128925 times)

I doubt if fear is what is holding people back and from my little survey from the people around me, I think one major reason a lot of people are not investing is because of lack of investment capital, regardless of the presence of DCA method, a lot of people don’t still have the privilege to invest because you’ll agree with me that, some people bear survive and survive from hand to mouth and it will be very difficult for such a person to invest and I also had a thread about this same issue that, knowledge without money in the cryptocurrency industry is a waste because it ends up making one lose a lot of opportunities.

I believe there is always hope in the industry and for all those who can hold, please do as there is always a smile at the end of it as it is always worth it and for all those who can DCA, please also do without looking back.
Regardless of whatever you want, always invest what you can afford to lose .

That is why you have to take risks to invest and believe in Bitcoin, have you ever completed any work in your life without taking risks? I know that no work can be completed without taking risks. Just as all investors who are afraid to invest in Bitcoin will refrain from investing even if Bitcoin comes at a very low price, but those who are brave and risk-takers will definitely invest in Bitcoin at any moment if they have money.
Investing in Bitcoin requires courage and patience, which you can capitalize on to survive the investment, because in the past, when the price of Bitcoin was low, fearful investors were never able to invest, and they are only regretting it now.

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

Thats an interesting way to put it "fear separates the children from men". But let me challenge you here. Its not about being a man or a child. Calling it a “child versus man” thing might make some people feel like they have to act tough, but in reality, investing rewards those who think things through, not those who act impulsively.

When we talk about fear being a hindrance in starting a Bitcoin investment its differentiate between one who is ready/prepared and one who's not. If you have all the  evidence from the current increase of Bitcoin reaching 100k in front of you, fear shouldn't be a something to stop us from investing.

Investing isn't a test of bravery, strength, or machismo. Its more about having the right information, a good strategy, and the consistency to accumulate and follow through even when things dont go as we planned it.

You are absolutely right, some people don't know that's why they are selling their Bitcoin hoping for it to dip for them to buy again not knowing that it is possible for Bitcoin to skyrocket or pump from this point and then dip maybe the previous point it pump from or it may not even dip to that point. Even if someone invested in Bitcoin some months ago before Bitcoin take this uptrend one shouldn't sell all his or her coin perhaps they should just sell some and still leave some and later continue there accumulation and holding so that it won't be like they are starting afresh because starting afresh is always hard and it requires a lot of determination and of course consistency to grow back again.

FEAR is what separates the children from men in the world of investment especially when you have all the evidence showing in front of you to acertain the surety of Bitcoin when it comes it purpose as investment.

Like the advice has already been given, it's best you start up small with an amount you can afford to spare that wouldn't cause you any hassle and then slowly constantly build up your portfolio by buying steadily with that amount and this practice will help boost your confidence as you ride further because for a lot of potential great investment that might have been, it was fear and procrastination that withheld them from taking that bold step.

Also patience and understanding that what you are doing is not something that's gonna yeild you profit in an instance is very important because at the long run if the proper sets up like emergency funds to enable fight the temptations that could come in tempering with your savings is also needed in your investment journey and believe me if you start up and gain momentum and continue with it at the end of the tunnel they will definitely be light be your own comprehension.

First, we are not talking about shitcoins in this thread, so there is no need to gain any basic knowledge about shitcoins, except that they are shitcoins... so avoid them... bitcoin first.

Second, fear should be mitigatable based on position size. Choose a position size that does not cause fear.  If you are uncertain about bitcoin, then you start to invest into it in such a whimpy way that there is no fear.

Also, if you learn about bitcoin, then you would likely gain more and more confidence that bitcoin is a better place to store value rather than the dollar or any other fiat.  There are a lot of periods in which bitcoin goes down considerably in comparison to the dollar and/or other fiat, so surely in times like that there should be a plan to buy more bitcoin  or just to continue to buy bitcoin, and surely if a person spends 1-2  cycles accumulating bitcoin, then they may well be in a better position to figure out if they have allocated in such a way that they feel that they are overexposed or underexposed and to make adjustments.. just as they are able to make other adjustments along the way.


We are not talking about crypto here... Fuck crypto.  Let's talk about bitcoin.  Focus.

You have only been registered on the forum for a couple of days.  Maybe you want to explain your bitcoin experience?  Try to focus on bitcoin, we hardly give too many shits about shitcoins unless you learned not to get involved in them or at least to minimize your involvement in shitcoins and not to be talking about them in bitcoin threads as if they were very much relevant, beyond potentially denigrating them or maybe some once in a while mention of some shitcoin(s) as a side-thought.


If you are experiencing mental fatigue then either you are investing too much into bitcoin or perhaps you are distracted into shitcoins...and perhaps you don't know the difference between bitcoin and shitcoins. 

You might help some of your mental fatigue by learning about bitcoin first...and learning how to say the word bitcoin when you are in a bitcoin thread.


Good.  At least you know how to say the word bitcoin. 

Do you believe that newbies need in depth knowledge of bitcoin prior to getting started investing in bitcoin or might they start out investing into bitcoin using a DCA method and learn as they go? 

And how much knowledge is "in depth," anyhow?


That is pretty vague.

If a person is starting out with zero bitcoin, then how much is he going to need before he starts to hold it? 

Are you suggesting that the person should just lump sum into bitcoin and reach a target? 

At some point a newbie is going to have to accumulate prior to holding the bitcoin, so you are lacking a lot of details in your description of what a newbie needs to do... and do you believe that holding bitcoin is guaranteed to cause someone to be wealthy? 

Have you already reached a state in which you are just HODLing your bitcoin?

You make being a bitcoiner sound easy (except you are requiring "in depth" knowledge as if anyone of us has "in depth" knowledge about bitcoin, or it is even possible to have "in depth" knowledge), yet you are lacking in a lot of details.


How are we going to be ready?  You are just saying mentally ready or are you suggesting some other kinds of preparations for corrections?


Your analysis sounds pretty weak.  hahahahahaha

You are correct that the BTC price goes up and it can come crashing down, especially when it goes up very quickly in a short period of time.

Part of the problem that I see with your current analysis is that you are stating a widely believed perspective that seems to cause it to be less likely to come true.

Do you really think that the market is going to allow a bunch of newbies, traders and likely weak hands to come into bitcoin and then sell most if not all of their BTC at or around $100k and then conveniently be able to buy it all back at 15% to 25% cheaper.  Bitcoin crashing at or around the place that so many weak hands are selling way too much too soon makes little to no sense to me, even though sure it is possible that it could happen, but it is not my base case.

My base case would be at least another 15% to 25% up from here, and then maybe a crash at that time (and maybe not).  I hate to get too tied up in any specific scenario since it is best practice to always be prepared financially and psychologically for either direction, yet how any of us prepares depends on where we are at with our bitcoin accumulation, and so I am surely not referring to trying to trade as a way to prepare.

To me, it sounds like you might be talking your book.  You already sold a decent amount in order to be prepared, and you are planning to buy back around $85k or whatever.  Hopefully it works out for you and you are not getting distracted away from what should be your ongoing BTC accumulation focus.. which I would suggest at most just keeping a bit of extra cash to buy potential dips, while not really expecting any kind of dip around these here parts... but, hey whatever.  You do you.

Bitcoin price has gone massively up since its inception and now Bitcoin has made it clear to all in the world that its here to stay. That's the prime reason we are witnessing positive behaviour from Head of States towards Bitcoin. Those who are already in Bitcoin must be well aware that Bitcoin make swings in both directions. Already at 100k and it will go further up from here but we might see some correction in price, be ready for that if that happens.   


It's normal that whenever anything goes up, people jump in to enjoy the profit. Those who jumped in while price was in 90k range are the one who came after listening about Bitcoin from others. Real Profit from Bitcoin comes when you have a strategy of accumulating Bitcoin that's spread over 5 or more years.
The current Bull run started after Donald Trump won U.S elections and it will continue till the time Donald Trump takes oath as new U.S president.


Governments are printing since nobody can stop them from doing that. Fiat is going down in value with every passing year. Do save in fiat, when they are printing fiat.


The way Bitcoin is going on at the moment it defiantly looks like it will hit 150k or 200k very soon. Being an analyst of Bitcoin price pattern for last few years, its my analysis that such huge rally is not possible and we might see correction in price anytime soon. Bitcoin is very ruthless in going bearish from bullish. In any case, we must be ready for all possibilities since we have seen lots of ups and downs of Bitcoin. Keep some cash ready in your wallet in case price goes down.

If they already know about bitcoin then experiencing that feeling is kinda not normal. It means they don't do any efforts to know more about bitcoin and usually those people have that feeling end up regretting when  bitcoin hits new price record. there are two things need to consider first before taking action by newbies. First to get basic knowledge to start and 2nd is have funds that they can afford to let go to invest on bitcoin.

They could just try to spend small amount if they are still scared and learning since they could increase later on the money they want to use for buying bitcoin once they are confident and already get a lot of knowledge about bitcoin. I guess its not necessary at all to set up early your emergency funds since anyone could able to do that once they already established their bitcoin portfolio. Although we may have different approach on this since people have different capabilities when it comes setting up their funds for investment and for emergency matters.

Also people should know that when it comes deciding to buy bitcoin there's no other good answer when it comes on when to buy since the answer of that question is always now, Since its good to react early than feel sorry or regret later on.

You don't need to have fear in you if you want to invest in bitcoin because it's not a ponzi scheme but a long-term investment that you can take your time and build your investment portfolio based on the amount of discretionary income that you have. Are you not use to saving part of your income for a long time just to buy something of value to you.

In the beginning since you are scared but love to invest, you can start with little amount of money like $10 and buy regularly every week with DCA for   while you continue learning about bitcoin. When your faith in bitcoin becomes strong and your believe in it has increased, you can choose to increase the amount of money that you are using to DCA weekly to an amount that will not affect you, so that you can accumulate more bitcoin than before overtime.

One thing you shouldn't ignore is setting up an emergency funds to back up your bitcoin investment. You can set this from part of your discretionary income by using half part of it to build your bitcoin portfolio and the other part for your emergency funds simultaneously. Your emergency funds should be at least three months of your salary so that when a real emergency comes, you wouldn't be scared but use your emergency funds on ground to take care of it.

It's better to start right away with little amount go build your confidence in bitcoin than waiting and not investing because of fear. Make use of the opportunity that you have now because tomorrow might be too late. The future of bitcoin is bright and if you invest from now to 10 years time with consistent buying and hodli, you will be among those smiling in future that you took the bold step to invest now.

You don't need any knowledge on shitcoins because it's useless putting money on them as you will run at loss in the long run.

Am very specific about Bitcoin and not crypto, there is nothing more your are referring to if not the fear of uncertainty, but the truth remains that we must be prepared from the down and figure out what may or may not happen at the top which is the future, one must get the fucking started which is the first step, don't use the money that is meant for or allocated to solve your living expenses, rather you should use the money that you will not be needing for like 4 to 10 years or more comfortably, that way I think your worries will be less because you are not using the money that you should have used to solve your living expenses to invest, this are few things I have been reading through in this thread but I don't know if I have put them in the right way.

Another concern with buying and holding Bitcoin is fear, given your comments I'd say you probably don't know much about Bitcoin. If you have a source of income and are able to purchase bitcoins regularly then you have nothing to fear as investing in bitcoins is the safest.
You are confusing bitcoin and crypto together, did you know that bitcoin and crypto are not the same. So here's why bitcoin is not crypto.




Bitcoins are not cryptocurrencies, see them in this article and video.

Video
1. Michael Saylor: Why Bitcoin and Not crypto
2. Bitcoin is not Crypto

Article
3. Bitcoin is not Crypto

I was not particularly surprised by the $100k price of Bitcoin. I had full faith that Bitcoin would hit $100k this year or early 2025. I was certainly surprised that it reached $100k earlier than expected, but it is not a shocking event. I am currently dreaming of $1 million per Bitcoin. We may see the $200k price you mentioned very soon, maybe before the next halving.

I am not too worried about the price, I am fully confident that Bitcoin will become a more valuable asset in the future. That is why I am trying to be more focused on buying rather than focusing on the price. The risk of Bitcoin should not be ignored. It is important for an investor to know the risks of Bitcoin. I would advise you to gain basic knowledge before investing and deep knowledge about Bitcoin after starting to invest. Do not delay your entry into investment to gain knowledge.

You are not suppose to mention crypto in this thread because this thread is a Bitcoin thread we have no business discussing crypto here except you are making an example of trying to clarify us on something regarding Bitcoin.
Well I think what will help people more in overcoming fear of investing in Bitcoin is knowing about the history of Bitcoin and it's growth, having the basic knowledge won't remove that fear of lost because the basic knowledge about Bitcoin is knowing how to buy and accumulate.
From your explanation it shows you don't understand that Bitcoin is totally different from the crypto which you are mentioning here, Bitcoin is on its own so don't confuse yourself and others.

This is a Bitcoin discussion thread and how we can accumulate Bitcoin and HODL for long and not about crypto as you mentioned, you will get people more confused by mixing up the world Bitcoin and crypto if it is Bitcoin you want to mention then it is Bitcoin if it is also shitcoins then it is shitcoins rather than using the world crypto which sounds scary to people it could also lead people to invest into shitcoins which is unreliable to invest into because of the word Crypto.

Crypto is a general name where we have Bitcoin and other coin in it so when next you are giving such explanation you should be more specific so that people we actually know the particular coin you are referring to if it is Bitcoin or shitcoins.

What we should even be talking about in this thread is Bitcoin and not even shitcoins if you actually know the difference between Bitcoin and shitcoin.

Bitcoin is the best coin you can invest your income if your intention is to HODL for long.

Another worrisome thing about buying and holding Bitcoin is fear. This is the reason why a person needs to equip him or her self with the basic knowledge of crypto and bitcoin.

George S. Clason in his book the richest man in Babylon stressed on the need to invest only in the ventures you have knowledge about. In my few years into crypto I have come to realise that it's not just about loosing your assets, one can also develop a mental fatigue while following the market. This is why indebt knowledge is the key to understanding that bitcoin has come to stay and can only head up no matter how low fear could make someone envisage.

Investing in bitcoin means one must be ready to hold the it  if he so wishes to taste real wealth that comes thereof. For me I trust that bitcoin is the future of our global economy.

Yeah you are actually correct about being deciplined in bitcoin investment but saying bitcoin investment is a daily investment process sound somehow confused here, Because as far as I know Bitcoin investment is not a daily investments its either weekly or monthly DCA,  buying each dip which has no specific time but depends upon when bitcoin dip and lump sum investing which happens when we have an additional and or extra income maybe in our place of work and we decide to invest in bitcoin. In all this form of investment,  non is a daily investment.

Markert fluctuation is a necessity in bitcoin, infact it causes rise and fall and that makes your asset increases or decrease.  But that shouldnt be a problem of Hodlers since they are investing for long time. Loses is certain but why holding makes it look as if there are no loses is because Hodlers don't trade they hodl for a long time and don't notice if there where loses along the line. Only trades know when they loss and of course we are not talking about trading here.  

I think the remaining capital you mean is discretion or reserve fund.  Actually it is important to have a discretionary income to invest through DCA every week or month.  As a matter of fact your investment strength depends upon your discretion weather increasing or decreasing of your DCA depends on your discretion.

Well it is advised we invest in bitcoin comfortablely within  our capacity  and or our level of discretion and avoid investing above our capacity to avoid selling of bitcoin to quickly to solve problems.

Bitcoin is a very good investment however there's risk investing in it that is why it is always said to invest what you can afford to lose that statement simply mean you should only use your Discretionary income to invest in Bitcoin reasoning being that your Discretionary income is a left over money after paying for necessary expenses, such as food, utilities, rent, mortgage, etc. That means even if you lost it to Bitcoin it won't affect you that much than using money meant for your necessities.
With the history of Bitcoin and it's growth we can predict it can grow more than $200k however is not certain and since is not certain anything can happen so is always advisable to use only your Discretionary income to invest no matter the trust you have for Bitcoin.

You are not better off to trade if you are poor versus if you are rich.

If you are poor, then probably it is even more important to resist the temptation of trading and to continue to build your bitcoin by buying only.  Selling is not a good strategy if your goal is to accumulate more bitcoin (and presumptively to move yourself out of poverty and into a better financial and psychological status).

Also, you are using the term investor to refer to a trader, since an investor does not need to sell his bitcoin in order to stay invested into bitcoin and to continue to accumulate (and build) his bitcoin stash.


You are still getting obsessed with BTC price, which as I already mentioned is only one component of an individuals 9 factors, and it is much more important to make sure that solid cashflow management systems are in place, and then at that point determine how much of a guys discretionary income that he is going to want to use to ongoingly buy bitcoin.. whether he is going to be aggressive or whimpy would be within the range of how he is choosing to manage his discretionary income and how he is going to hold such money including how much of it to spend on bitcoin weekly and whether he is holding back any for buying on dips... which truly holding back to buy on dips will not necessarily be a good strategy for newbies, yet they are free to do whatever they like, even if it is dumb.


BTC prices can dump at any time, so if a guy is buying weekly, then he is likely to buy during such dumps, and sure there can be ways to try to make your weekly DCA buys and to attempt to buy during dips, yet at the same time, it might not be a good idea to hold back very much value for buying on dips when a guy is still very early in his BTC accumulation journey, yet if a guy has been building his BTC stash for a while, then he might be in a better position to set aside some value for buying on dips and to maintain some money that sits on the side for buing various levels of dips.


I am not 100% clear about what you are saying here, yet surely if you continue to build your various back up funds, then you are going to be in a stronger position, and if we get back to you, as an example, then you have ONLY been registered on the forum for less than a year, so if you have been simultaneously building your BTC stash and your back up funds over the last year or so, then surely you are going to put yourself in a stronger and stronger position in terms of your abilities to be more aggressive in regards to your regular BTC accumulation, whether you do it weekly or on some other timeline. 

When you have your various BTC buying and also cash back up systems in place, then you would be in a stronger position to know what to do if you suddenly have a lump sum come available to you, and you could decide which portion to buy BTC right away, which portion to set for DCA and which portion to set for buying on dips.


It is not necessarily true that a person who heard about bitcoin earlier and did not buy and then decides now to get into bitcoin is a FOMO investor, even though you are not completely wrong in that characterization.  Some folks do not get motivated to invest until they see the BTC price moving, and then they realize that they need to get started and to stop procrastinating (or ignoring or downplaying) the importance of bitcoin.  So  surely UPwards price movement does get the attention of people, and upwards price movement even puts bitcoin into various kinds of news feeds, so it becomes harder to ignore since everyone starts talking about the upwards price movements.

So a lot of people might get started investing in bitcoin based on the upwards price movements and even end up starting their investment at the top (and perhaps the BTC price corrects and does not return to the top prices for 3 years or more).. yet with bitcoin it is better to get started by buying rather than waiting, even if the BTC price might be at a local top or even a long term top... if a person has a 4-10 year or longer investment timeline, then he needs to get started at some point, and surely BTC prices moving up can be a motivator to get started, establish a plan and start buying regularly (while also potentially fixing one's cashflow management practices at the same time).


I agree with you here.. so yeah, anyone buying when the BTC price is going up should understand that it could dip and they might be buying at the top, and they could get stuck in a downwards price spiral, and that is part of the chances that they are taking in regards to when they decided to begin their bitcoin investment journey.  It still seems better to get started by starting to buy rather than employing waiting as their BTC investment strategy... especially if they don't have any BTC... since the ONLY way to prepare for UP is to buy some BTC, and waiting is not good investment strategy, especially for a no coiner or a low coiner... and surely one of the ways to mitigate any situation is to start and then to establish some strategies in regards to position size... and surely when not sure, DCA can be one of the strategies to start with a weekly DCA amount that seems reasonable, study bitcoin along the way and study and put into practice good cashflow management practices, so then those cashflow management practices will help to inform any such newbie in regards to his position size and his ongoing strategies and practices to achieve his position size goals.


You are not wrong in your various observations.  But what are you doing, Tonimez?

Bitcoin investment is such a trilling venture. Everyday comes with it's surprises. At 63k per bitcoin, a lot of investors felt it has surged amounting to withdrawal of investments and not willing to buy. But recently we can all see that bitcoin cannot be predicted since it goes down and up always. Achieving this all time high of 100k has left many investors dumbfounded. In as much as it's better to invest discretionarily, it has also shown its tendencies of changing ones life with a further push.

In 2011, BTC was at about 0.004k. many leased off and returned back later to buy at over 8k when the prospects grew higher. Bitcoin has come to stay and a day will come when we will record another all time high of 200k.