Topic: Buy the DIP, and HODL! - page 135. (Read 122118 times)

But for sure your experience can bring  something new to the discussion and provably that there are learnings to get if you share your insights towards your activities done on your investment.

So its good if you share some ideas so that people would know on where they should correct you if there's something wrong with your decision or choices made.

Just continue to follow this thread since for sure that you will learn a lot of things here. Lots of experience from different people has been shared also suggestions for the methods they used and if you are eager to learn from those things for sure you provably became more better contributor or also an investor.

True.
Well said, Mate. You participating is what will widen your horizon, experience is only best gotten through experience just as only continual application of the knowledge will help you grow, thus building you more when you contribute and share ideas among like minds.

No need for you to undervalue your own idea,talk less of your idea when you can learn and also unlearn, take corrections from knowledgeable members of the forum and also participant of this Discussion.

I've been following this thread for a few weeks now, and even though I'm nervous to always make contributions, I've been able to learn a few things here simply by following the thread and reading through discussions. I've learned from not only you, but also members who are both higher and lower in rank than me. I realise that most people making contributions are more experienced, and i feel my contributions will be of low value to them.

I am not convinced with my limited knowledge yet, which is why I am spending more time in this topic and other beneficial threads soaking up every little knowledge I can find. I still need more exposure to bitcoin conversations to learn more about bitcoin so i can make valuable contributions in this thread to educate other people too.

I have read some articles and books about bitcoin but sometimes engaging in discussions with more experienced people will widen your knowledge even further.

Of course, when folks are learning a topic, initially they can learn from anyone with more experience than them (and frequently they can also learn from folks who learn less then them), and as long as they are engaging in critical thinking and trying to continue to learn, they will likely find that they need to get exposure to more and more advanced folks in that field (whether we are talking about bitcoin or any other topic).  

Surely I have a lot of my own limitations in the knowledge that I have and whether I am still learning, yet probably I have some advantages due to the amount of time that I spent engaging with the bitcoin topic.. which has been quite a bit in the past 10 years - though surely not full-time and there have been times in which I have spent more time and times that I have taken breaks.  

At the same time, I still get quite confused by a lot of technical areas of bitcoin, and even though i have  learned some parts of various bitcoin technical areas over the years, I surely have my own limits in terms of being able to spend time learning some of the technical areas...

So I might have one opinion, and then learn that I do not understand that area enough, so in regards to Runes, I may end up waffling on that topic - because if there might be questions regarding whether new tokens are being created or might the Runes merely be used for the channeling of bitcoin transactions - so sometimes with the new topics, I have to take them with a grain of salt too... and I might not really understand the extent to which there are ongoing claims that ordinals, inscriptions and runes are being used as ways to attack bitcoin.. so not even my mind is clear on that.

Also we have to be careful in terms of including too many topics in a thread like this, even if this thread has become quite popular - especially in the last year.. I still get the sense that Runes are getting into a new topic, even if some of us might figure out ways to get involved in Runes to engage in actual bitcoin transactions... the topic of the thread is not really so much about our means for doing bitcoin transactions but more about if we are considering building up our bitcoin holdings and the various ways that we might end up buying bitcoin to build up our stashes and to increase our options (even once we might get to a point of having had built up our BTC stash, there may be some questions regarding whether we are still on topic to talk about what might come next.. in our bitcoin journey, which I believe should be maintenance and/or sustainable withdrawal)..

I was patiently waiting for your response on this. Your response is highly appreciated by my humble self. And I have taken some valuable insight from what you have just said. Just as @Wind_FURY rightly stated, your understanding about things as regarding bitcoin and other crypto projects are highly inspiring. Most times I come to this thread specifically to read your posts and responses to different posts, and never for once have I been disappointed. Sometimes I wonder if you are a professor. Lol...

I understand the point you are trying to make, but purchasing the Nakamoto dollar almost sounds like a way of promoting the Runes like project which most people literally don't want to have a discussion about due to the controversy surrounding it. Assuming I want to purchase a Nakamoto dollar, don't I have to do that through a cex ?. The past two days hasn't been interesting, so I think we should just find a way to light up the discussion from where we stopped, but Incase you feel the Nakamoto dollar can serve greater importance, then there should be a little intro to how it can benefit users in buying Bitcoin inorder to trigger a discussion. Let's light up the discussion again.

Actually, it could be related to the discussions in this topic. Because with Bamk's "Nakamoto Dollar", users can hold their Dollars in Bitcoin on-chain, and they could use it to buy the DIP or DCA to Bitcoin without leaving the Bitcoin blockchain. It's probably one of the more important uses of the Runes Protocol, and one that could definitely add value to the Bitcoin network.

I love what you did Wind_FURY by accepting to change the name since majority wanted it to be changed back to what it was before, you showed an attribute of selflessness and I must commend you for that. I have been going through this thread for some days now and it has really given me what I needed and I want to thank you for creating this wonderful thread that has impacted something in me and others too especially the newbies. Ever since I joined this forum some days ago I have gone through a lot of threads and I most say that this thread is one of the best thread to visit when one needs enlightenment about Bitcoin and the investment process.

Allow me extend this one more time, I preferred the other topic to this original one, "Buy the DIP, and HODL". The original topic was/is a good topic which led to diverse opinions on how we approach our accumulation process and the discussion went too broad which I felt the importance of why the topic was changed. Many strategies has been discussed under this thread, which doesn't suit perfectly to fit under same topic thread since they are of different opinions, patterns, risks and engagement. Buy Bitcoin, and HODL! covers a lot about all investment approaches which buying the DIP is certainly among.

Believe me, ser. It wasn't being humble that made change the title of the topic back to "Buy the DIP, and HODL". I merely didn't care what the title was. I thought everybody was going to like the change because everyone is already discussing/debating buy the DIP and DCA, which both have their pros and cons, advantages and disadvantages, and their own trade-offs.

But OK, I'm happy if everyone is happy.

I believe that it is not good to talk about those kinds of things in this thread unless we are merely attempting to relate the ideas to the topic of the thread, such as if such projects might contribute towards BTC price movements in either direction that might affect our ability to accumulate BTC or something like that.

Of course, for me, the more something relates to building on bitcoin, then the more that I am o.k. with getting involved with those projects, whether it is investment or promoting them, and yeah of course, many of us likely know that ordinals, inscriptions and runes are controversial, but they are structured in such a way that they end up being built upon bitcoin.. Yet surely some of the controversy in regards to those various projects (even though built on bitcoin) concerns the extent to which new tokens might be being created through such efforts, even though they might be pegged to satoshis.... so yeah, if there is not already a thread out there in regards to the specific project that you mention, then maybe a thread can be created. 

I understand that there have been various kinds of attempts at decentralized exchanges or ways that folks can attempt to interact with one another and perhaps being able to facilitate exchanges of bitcoin because they are able to interact directly and without anyone being able to stop them, such as Nostr being one of those kinds of communication mechanisms... so for sure, we continue to be in need of places to communicate without being able to be stopped (whether informational exchanges or monetary exchanges).. and yeah, bitcoin largely is a kind of information exchange that contains value, too.. .so systems built upon bitcoin and up having similar unstoppable qualities/characteristics, and so it would be difficult to be completely against any such thing that is claiming to be built upon bitcoin, even though we still might need to link over to some other topic or even to create a topic, if one does not already exist.

I must appreciate you for returning the name back to what we used to know, "Buy the DIP and Hodl". This has shown that you are a leader who prioritize the interest of the people. I was one of the people who were very vocal in the change of name. Now that I have seen that the change has been effected, I also have to openly appreciate you too for listening to our plea.
For sure bitcoin will only reward those that are holders when it surges to six figures. Those that are not holding won't benefit from that. But it's not too late for them if they can start investing today.

Yes, a lot of knowledge has been shared in this buy the dip and hodl discussion thread, and it has helped so many investors to be close to their bitcoin accumulation journey. If investors are so concerned about buying the bitcoin dip, they know the strategies they can combine that will allow them to buy the dip at any time it happens without finding it hard to do, and this is due to the knowledge shared here. This thread has helped me gain more knowledge and experience about the DCA strategy and the funds to keep in place that will guide me to accumulate the quantity of bitcoin I want to accumulate and hold it for the long term.

I tried to trace the project you mean "Bamk" and what I saw was that the price was still too low with the supply and market cap already quite high. I got a little information about the project at https://magiceden.io/runes/BAMK but if that's not what you mean I don't know where else to look because I've never heard of a project like this before so can't give an assessment which is more precise. However, for now it seems worth exploring because who knows, it could be an opportunity to make a profit from it, especially considering that the price is still very low, which of course is also very affordable if you want to buy it now.

Maybe for betterment of all and maybe its best to follow what majority like. If they want to change the title of the thread base on the current event then its fine. Anyways it can make the discussion became more interesting since for sure that lots of people will engage on the thread if they see that the title is interesting to read.

Strategies discussions will follow as for sure that many people will mentioned that especially if the flow of discussion became more deeper and many people will tackled up those great strategies that people should use or at least try. Title is actually not a big concern but for sure people is up for the learnings they could able to get since there are nice idea has been shared by lots of people.

Well what I will only say is that it doesn't really matter if the topic was changed to another title or not because it doesn't affect our judgment on investing on Bitcoin but however just like @JayJuanGee mentioned, irrespective of any title we can possibly use but it will be better we stick on the first title because there are people who still utilize the method of buying at Dip, and at the same time continuing there DCA method of accumulation because I believe that there are people here that has been accumulating Bitcoin for long while there are some that just started there investment journey so perhaps they can be able to understand the best strategy that would be okay for them. So perhaps the major concern shouldn't be the title but how the beginners will make use of those strategies explained in other to be sufficient on there investment in the future.

I know this question was directed to JJG. Permit to share my opinion here and correct me JJG if am wrong.

The idea is an impressive work by the Bank project since the aim is to eliminate the process of passing through the centralized exchange counterparty risk which has been the fear of many investors for some years now. However, when I hear about such a project the first question I ask myself is, how do they intend to implement it and keep transparency? Is the Bank project open source so that one can see vulnerabilities or manipulation that is kept secret?

Another concern is how will the Synthetic Dollar maintain its peg to the US dollar, am only being concern because we have seen most de-pegging events in other project which has led to losses for investors. If you have more information about the Bank project or a link to the source remember to share them here so that we can brainstorm together and see a brighter picture of what the Bank project potential.

I must commend his efforts to given listening ear to the people it show he has great concerned to people feeling and complain when issue arise in his disposal, actually many some time only go through a heading of text without reading to the end I believe that would also be a course of some misinterpretation of most text or post, there are some name  that is very hard to change, any name that has make high level of popularity is always hard even in other part of business world even some privatized company for example Twitter which is currently X most people hardly know it as X the popularity it has created in the mind of people as Twitter hardly make some person to identify it. So it's to many things the initial always registered in peoples mind it become stress for the them when changed, the return is very good.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?