Topic: Buy the DIP, and HODL! - page 133. (Read 142322 times)

This is triggered mostly be influencers all over social media who for their own selfish interests promote even what they don't know, collect money and deceive their followers without even involving themselves in it on a personal level. I know how many influences hyped recent shitcoins mining on telegram and coerced people to believing that they're the future of money, built riches for themselves and left their followers empty handed.

It's bad enough influences are not charged when they promote products with detrimental effects on people, else the media would be more of a sanitized place. People especially newbies tend to be deceived by information from these influencers and it triggers FOMO in them and in turn they make grievous mistakes.

It's very much advisable to DYOR and not act blindly even when you see information from the most trusted source because at the end, you'll be fully responsible for your actions.

I wish there's more ways to increase the media visibility of investment in Bitcoin for a long term so more people can be guided properly.

Shitcoins are not worthy for investment and it will be so impulsive to consider shitcoins for investment and using the DCA method, it is just a total waste of money.

Those who think of investing on shitcoins I understand lack of understanding and greed could be the reason for such decisions, some people always have the thought investing on these low value coin is the best to make quick gains. DCA method is use for bitcoin because it is reliable and safe to invest bitcoin.  Investing shitcoin is very risky and it is not a good investment decision, bitcoin is more reliable for investment and if one is able to exhibit patience to hodl it is an investment with good result.

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.

You are right because we have not really seen the impact of the halving. What we have experienced so far is the impact of the Bitcoin ETF that caused the bull run that started late last year. It is possible that some people are already feeling that Bitcoin have achieved the highest it could go within this market cycle but that may be far from the truth as we will see in coming months. I seriously believe that Bitcoin will make a new ATH high before any serious general down trend. While this is a possibility, it is still something expected not certain because no one can tell accurately what will happen in the future and we can only hope.

Meanwhile, now still seem like the best time to buy more Bitcoin as I am expecting more gains as the US elections draw closer. At the current level, it is still relatively cheap to buy and the smart thing to do is to take advantage of the market condition.

When Bitcoin was created some people didn't believe Bitcoin would grow this big in price so yes Bitcoin price is high but not too high, however a time is coming when it will be very high in price but the good thing about Bitcoin investment is that no matter how high in price Bitcoin is one can still invest by Accumulating little by little since is divided into small units. For now one can't say Bitcoin is too high in price, but I will love to ask at what price will one say Bitcoin price is too high.

When it comes to Gold and Bitcoin, Gold has been in existence for thousands of years but Bitcoin is just some years since it's Creation but is growing so fast more than Gold, one can't compare the rate at which Bitcoin grew to Gold because from the chart one will see Bitcoin is doing much more better.
Bitcoin still remain one of the best investment in the world, 20 years to come people will be shocked that the growth of Bitcoin and I want to be part of Bitcoin till then.

Shower thought. If there was a person who would start a debate and tell me that Bitcoin's price today is "too high", I would argue back that, although Bitcoin's price might be "too high", it might also be mispriced towards the lower extreme of the cycle. The market hasn't truly priced in the Halving, AND the true nature of the Bitcoin spot ETF.

But we can see the proof of that in a simple chart. Research Gold ETF - when it started, then look at the Gold chart after it started.

There are some stories are there who made 1000x overnight with shitcoin but it's like winning lottery so it happens once in a blue moon. While bitcoin is almost guaranteed since it has proven record over the last 15 years or so while shitcoins have barely have record for months and 99% of them will be at zero after a couple of months. So my money will be safe when I go with something that is guarateed to be there in the long term instead of gambling with shitcoins and definitely it's not worth saving your hard earned money and investing them on shitcoin based on DCA.

The concept is simple, use only bitcoin to hold your portfolio value and might take chances with 5 or 10% of your capital with shitcoin is you have dream of winning that lottery but I won't do that which is my personal opinion which others might have differ with.

If you want to see yourself in the next 5 or ten years being better financial status than your current one then go with Bitcoin.

For sure they are confused about this things and think about they can apply those method to the shitcoins they bought. This must be corrected since its better to warn those people to stay away on shitcoins since most likely a higher chance for them to lose than winning in this wrong investment they made.

Shitcoin is mean to be traded or dump totally since this is bad choice to grab by anyone. Better for people to pick the right asset for them if they really want to invest and bitcoin offer more realistic gains for them. To many of those scams say that they would be the next bitcoin and that is obvious trap. So don't entertain shitcoins correct all of those misconceptions and always choose bitcoin, there's no other altcoins claiming that they are more better than this surpass the fame of bitcoin and all of them became scam already so avoid get fooled by those scams.

Exactly, that's right mate you can call shitcoins investment and is not encouraging to use DCAing method on shitcoins because you may only endup increasing the chances of getting reckt. So the best investment that suit yhe DCAing method is bitcoin, is more reliable compare to other coins. Like you say shitcoins is only meant for trading not holding, and to trade them is also kinda risky because of their high volatility, and most of them might be a pump and dump project.

Your explanation is a kind of complicated, how can you be assuming that no one Invest in shitcoin and the other hand still presuming that everyone trades with shitcoin. You really have alot to explain.

There you go again @shadiq. I don't think you really know what you are saying. You can't use DCA strategy for trading, DCA is a method or strategy of accumulating bitcoin bit by bit according to how you can be able to invest in bitcoin without overdoing it, Either weekly or monthly but has nothing to do with trading.

Well you are right that bitcoin Is the only coin that is reliable for investment, but don't put in mind that it will pump so high in a shortest period of time as you described. Because your statement explains that shitcoin can not pump up the value like bitcoin, which makes it looks like bitcoin is a pump and dump coin. The statement "pump" is not associated with bitcoin because bitcoin growth is a gradual kind of process but a long term goal.

You can only speak for yourself but not for all, because certainly many people still gamble with shitcoin.

Although this is not a thread to discuss shitcoins but has to discuss shitcoins to warn newbies to stay away from shitcoins. To understand the comparison of good and bad you should have equal knowledge of both. Similarly, to understand the value of Bitcoin, you need to know about Shitcoins. Because how can you know if bitcoin is good or bad when you only know bitcoin? When you know and understand both Bitcoin and Shitcoin equally, you will be able to compare Bitcoin and Shitcoin yourself and realize for yourself which is profitable and which is harmful.

Personally I advise both an experienced and a novice to stay away from Shitcoins. Few people can benefit from Shitcoin. I don't see much difference between trading with Shitcoin and gambling. Both depend on luck. Shitcoin is used by most people for trading, I cannot call anyone who thinks of Shitcoin as an investment wise no matter how much knowledge he acquires. Because investing in Shitcoins has a higher risk of loss than trading. You can blame the price recovery aspect of Shitcoin as the reason for this. I think it's best not to expect price recovery from Shitcoin. Many coins disappear from the market without ever recovering their value. If you invest in such a shitcoin, your entire money will go down the drain.

Its price recovery has made Bitcoin a trusted coin in the global market. Bitcoin can recover value very quickly and increase the value of coins multiple times during pumping. We know crypto markets can be volatile, and Bitcoin is no exception. The Bitcoin market is very volatile, but as the price recovers, the probability of losing Bitcoin is minimal if you hold it for the long term. Bitcoin is skyrocketing day by day due to high recovery and pumping capacity. Newbies should avoid shitcoins and get into bitcoin. Save yourself from the temptation of shitcoins.

such a situation is very possible for shitcoin players. I'm sure they don't actually plan to do DCA on shitcoin assets. but the situation and belief in their analysis make them fall into a deeper hole. such as buying a certain shitcoin coin and when sometimes the asset value drops quite far. because of the trust that may have been had in the asset, the investor actually buys it again when there is a decline in the hope that when there is an increase it can cover the loss.
I agree with you, DCA is the best way to plan long-term asset investments. don't use it for other assets, especially shitcoin.

Not everyone that trades with shitcoins please. A lot of people are doing 100% and those are the people I consider smart who are not ready to expose their money to any form of risk. Apart from this correction, your statement is correct and I agree with you completely. One thing about shitcoins is that as soon as it dies, it remains dead because the investors or founders who happen to sell first would never come back and most of them would have converted their money to bitcoin or other stablecoins. Anyone actively buying shitcoins and calling it investment is definitely building on quick sand, just a matter of time before the entire portfolio collapse.

Our discussion in this thread have exposed most of the problems people face in their investment especially the new investors who are easily confused by the sweet mouth of those shitcoins. Through our discussion I have learnt never to yield to those hypes and concentrate more on buying and holding bitcoin alone.

It is better for us to get clarity on what you are actually saying, what selection are you really talking about, I think may be you have forgotten the exact subject of discussion here, let me remind you, we are actually talking about a good strategy that intending and existing investors should apply in other to accumulate Bitcoin without stress and also making investors to understand that there is no need of waiting to buy Bitcoin during the dip since a good method like DCA method that allows investor to buy Bitcoin at ease with the amount the can afford continually, consistently, slowly and steadily, and we are also stating reason why individuals should not involve themself in any form of short-term investment thats is capable of discouraging their investment goals, having said said that, one would have known that shitcoins are not options for investment, so as a matter of fact every digital asset intending and existing investor concentration should be on bitcoin investment.

I think you would have stated it categorically that new and existing investor should always think about investing in Bitcoin not any kind of shitcoin that's capable of dumping totally and ruining individual investment plans instead of saying they people should consider selecting a good coin before the can invest, with such statement you will be misunderstood by many bitcoiners here because we all know that Bitcoin is the right coin I invest in and that's why it is the highest valued digital asset with the ability of profiting  it's long-term holders.

You said you considered Bitcoin as your best coin and thats why you having been doing the needful by acumulating and hodling up till date, why did you now say that people should consider coin selection before investing, you sounded as if there is other coins that are contending with Bitcoin, I think you would have go straight to the point by telling new and old investors that accumulating Bitcoin with DCA method and holding for a long-term is the goal nothing more, nothing else.

DCA makes Bitcoin investment interesting and easy for low income earners. The strategy gives the opportunity of investment to those who don't have a large sum to invest all at once or those who can't purchase a whole coin (1 BTC). DCA method is great for building your bitcoin holdings steadily& gradually, and it's a more manageable approach for average and low income earners.

There's is nothing to disagree with what @ishicrypticsaid, understand his comments he is simply saying that DCA strategy suits average and low income earners, to accumulate bitcoin since they don't have enough funds/money to purchase a whole coin. But its not like that for rich folks or higher earners who can afford lump sum and DCA same time, but it doesn't mean that the strategy is not suitable to high earners also. DCA  strategy gives investment advantage and opportunity to those who do not have the money to buy bitcoin in huge chunk. It allows people earning low or average to participate and having an investment in bitcoin.

What other coins selection are you actually talking about? Or is Bitcoin investment not enough for you?, what if you make a wrong selection don't you consider you will lose your money?, actually anybody that gave you the idea that conducting a selection of coins before investing is actually misleading you because he doesn't no the negative outcome of it, however I believe you have known Bitcoin for sometime now so you should have understand that Bitcoin is the only trusted coin you can invest your money on, so why then talk about other coins that can never be trusted when Bitcoin is here for you.


I don't get your point, are you here in the quest to promote your platform through the use cryptocurrency? Because that's exactly what your statement explains, so on the contrary you can see that we are not here in search of a way to buy cryptocurrency but in other words we are here to no the better ways of accumulating Bitcoin, so I would advise you to do the same because if I'm not mistaken you don't have knowledge about investment, so tried not to be overwhelmed by cryptocurrency as you presume because the end part could be very bitter, so is not late for you now to change or divert into Bitcoin.

This thread is talking about Bitcoin long term investment and not some kind of shitcoin, when you say crypto you got people confused because they may not know the exact coin you are referring to if it is Bitcoin or shitcoins.

I know you are still a newbie here but you needed to cheek or ready from the op probably so you can be able to catch more of what we are talking about here if you are giving crypto all the way you need to know that there are coin which are not reliable to invest on in the crypto space that is why you need to be specific about the coin you are referring to in other not to get other newbies here mislead.

Let Bitcoin be Bitcoin and shitcoin be shitcoins and stop mixing them up, this is because shitcoins has done more harm than good so when you mentioned crypto people already believe is a scam investment thats the important of been specific.

Don't be too sure cause their are people who still buy and holds shitcoins, I'm not trying to say it's good or they're right but maybe they're not aware that it's not good for holding or maybe they fall under the category of people who are willing to take risk without having a proper check on the risk factor but the truth is that their are people who still invest on shitcoins out of ignorance.

 You can call them insane or whatever but there's a saying that information is power and that what those set of people who still invest on shitcoins lack, cause if they're informed they won't waste their money and time on something that's not profitable but would cause more harm than good to their portfolio and they'll be invest on Bitcoin rather.

 I've also come to realise that Fomo is part of the reason why some people invest on those shitcoins, maybe they've come across a possible hype about some certain coins and how well it may pump in the near future then rush into buying and holding it so as not to miss out on the profits in the near future, that's why i stated earlier that it's good to be informed not just with any information but the right informations.

Hey, Crypto means shitcoin be more explicit with the word bitcoin.
Bitcoin is a valuable asset that when you have it, you should not gamble with it by using it as collateral because it is meant to be kept in your self custody wallet and not with a third-party. Why will you use all your money to buy bitcoin to the point that you don't have any funds on you and you are using your bitcoin for collateral. This means that you invested in a wrong way with money for your important needs that is not your discretionary income.

It ia useless to over aggressively buy bitcoin because when you are faced with little problem one will fall back to his bitcoin investment to sell and run at loss because bitcoin price might be in a dip. It is advisable that a new investor should only buy bitcoin with his discretionary income and also create his emergency funds bit by bit as he is DCAing along side with the other part of his discretionary income.

Emergency funds will save you in terms of unforeseen challenges that will come your way during your bitcoin investment journey because you are on a long-term investment. When real emergency arises, that is when you use your emergency funds and not using your bitcoin as collateral because if you cannot meet to the agreed date of repaying your loan, the loan interest will keep increasing and gradually, you are losing your bitcoin investment.

Only invest with the amount that you can afford to lose than gambling and wasting your time with with your funds.

No one invests in Shitcoin, everyone trades with Shitcoin. DCA is not a useful method for trading. DCA brings to mind long-term Bitcoin investment, as Bitcoin is the only coin that is reliable for investment. You can't call Shitcoin reliable for investment. Because Shitcoins have less ability to recover value and cannot pump up the value like Bitcoin, many times Shitcoins are lost. No sane person would ever invest long term in such coins. Many trade with Shitcoins, I would advise them to be careful because trading in Shitcoins is also very risky. We know Bitcoin as investment and DCA as investment. In all types of investments we should be long term especially in DCA without long term you will not get good output.