Topic: Buy the DIP, and HODL! - page 141. (Read 130865 times)

Actually this thread reminds me of the saying that information is power because I use to imagine how far I would have gone in my Bitcoin investment then if I had gotten the kind of knowledge I have now from this thread through our Inculcator JayJuanGee for always Admonishing us on his wisdom about Bitcoin investment, however I wish that every beginner who wants to start investing on Bitcoin will actually visit this thread at least to read a bit of information concerning Bitcoin investment and they would be seriously enhanced mentally, however just as they said learning is a continues process so I will always continue to learn more in other to enhance my investment strategy because that's the reason why we are all here so that in the future the kind of Bitcoin we would have in our portfolio will be enough to consider ourself sufficient.

I think you are over emphasizing on this experience, however if I may ask in terms of Bitcoin investment what would you be needing too much experience for?, though nobody is disputing that knowledge is not important in most of the things we do but in the case of Bitcoin investment if knowledge is what is holding you back from starting your investment I think you are getting it all wrong because there is no any serious knowledge requires for you to start investing and holding your Bitcoin.

Yes, I think generally JJG gives merit only to those who deserve merit. Most people post in this thread to get merit from JJG, also this thread is best thread for newbies to better understand DCA method of Bitcoin. And I believe the one who has the most to do with making this thread this far is JJG. for JJG's great support and give merit to good posters, this thread has now surpassed 500 pages. Moreover, JJG is supporting the same in some other threads, those threads are also progressing very well. Every post of JJG is 100% genuine and more beneficial for everyone. Always get a lot of important information from his posts. Ever since coming to this thread, I've been learning a lot about Bitcoin by following JJG. At first I didn't know anything about DCA, then I learned everything about the direction following JJG from this thread. Honestly when I was new to this forum, I followed @o_e_l_e_o and JJG the most. I learned the most about everything from them. But you all know that a few days ago I lost one of our guardian. Anyway thank you very much JJG bro, for bringing up many important things in this forum and this thread, from which we can learn and benefit from many important things.

once again thanks' you much JJG for everything. Hope you will always be like a guardian to us, bringing up new and important things between us.

Yea, I think you are very much correct on this, most of the folks that are posting here have different motives why they are doing so, but on my own perspective, in as much as JJG usually rewards good post here, what have attracted me here is the kind of knowledge I have gained about Bitcoin, in a very short period of time, because their was a time I first came into this forum, during that time I knew nothing about invest in Bitcoin and especially how to hold without tempering with it, but as I started reading most post on this thread, that is how I started gaining knowledge on Bitcoin gradually and how to navigate my way around it, and how the DCA accumulating strategy works, so their was much more improvement in my holding ability compared to before, so to me this  thread really been helpful helpful to my growth as a newbies investors.

Am say so because before now, It was only trading i knew off, but as I  knew of Bitcoin investment and how it works, I started seeing things and started making decisions differently compared to before.

Nonsense.

You are full of shit.

We have more than 5 years of posts in this here thread.. . so fuck off with your proclamation of what you believe to be "important" thread talking points and what you proclaim to be merit worthy.

Good thing that others do not think the same way as you... ..or we would have a pretty boring ass forum and also a lack of diversity in ideas.. including that many times we do not even agree with one another, yet members are able to post their ideas and learn, even sometimes their ideas are dumb, controversial and perhaps lacking in logic or good English... And maybe some members are even striving to work up to be included in a signature campaign, which is part of something that exists in this forum, and sometimes creates incentives that are not easy to balance...

Hey go figure?  People actually have ideas that vary from those of uncle nutildiah, aka the negative Nancy twat.


I am glad that you are so smart, and you got it all figured out.


The only one with inabilities to learn sounds like uie-pooie.   Maybe you should read a few more pages of this thread in order to get some more informed ideas of what is mostly being discussed in these here parts rather than coming here with some supposed knowledge in which you hardly know shit, but you act as if you do, and maybe you might learn how to focus on bitcoin-related and/or substantive matters of this thread, and perhaps, if "we" were lucky and even good for you, you might even learn wee bit of something about BTC accumulation strategies and investing in BTC (is it even possible for you to learn something substantive, or do you know everything already?)... or do you have some shitcoin (that you proclaim to be "art") that you would like to promote instead of actually talking about bitcoin or other matters to the actual topic of this thread?  It seems to me that there are decently good chances that you would not even recognize good posts and/or quality threads if you got smacked in the face with one of them, since all you seem to want to focus upon is that some members might be receiving more smerits than they might potentially deserve, and if it was up to the petty nickers Nancy twat, aka uncle wannabe nutildah, we might not even be able to focus on talking about bitcoin-related substantive matters..

I am so glad you joined us in this here thread in regards to sharing some arguably thread-relevant content... and did you have anything that you actually wanted to say about the actual contents of any of our various posts in the thread or the mostly bitcoin-related (and BTC accumulation) substance that's has been batted around in this thread for any part of the past 5 years - or even potentially some of the more recent posts that might relate to how current events in bitcoin might relate to bitcoin price movements?  not that any of us should presume that you actually read any kind of representative sample of any of the actual posts in this here thread or that you know shit about the actual topic... but still uie-pooie have somehow assessed that the 500 pages posted over 5 years could be boiled down into one page of posts.  And, so aren't you the smartest thing since sliced bread?

By the way, anyone interested they can see that nutildah, our true savior has previously whined about a similar topic.. as if he were to know squat about how to make merit sending judgements for another forum member or regarding the forum's choices about smerit balances.  Since nutildah seems to want attention, if anyone wants to read more from his never satisfied whiny ass, you can look at one of his dumb threads and other threads linked therein - including that I had made a response in a parody (or not a parody thread) too.. so at least two whiners who authored those two threads, but they got some other forum members to whine about the same topic...


Sure it would be nice if contents of long threads could be summarized, yet drama queen nutildah seems to live in a bit of a fantasy world in regards to his expectations that the views of members can be summarized, when we have 8 5 years worth of posting in this thread and there are various contributions that are good and/or great scattered throughout this thread and coming from a variety of members, which getting the contribution of a variety of members seems to be part of the value in being able to post regarding areas of interest (about bitcoin) and to participate in a forum like this, including that the thread is public, so there may be some folks who are reading the thread, but not participating herein... ..so yeah, we are seeing that this thread has become one of the most popular threads on the forum.. good thing or not, it has not been shut down yet (even though Op did almost change the title on us.. hahahahaha)... but yeah, "know it all Nutildah" likely does not know much of any of that, since all he wants to do is self-proclaimedly stir a little shit and act like he actually knows something meaningful and important about this thread and/or about the forum.


I would not even claim that all merits that I send are "deserving of merits," yet I would claim that ever since the beginning of the start of the merit system in January 2018, I have been exercising my own discretion and independent judgement in regards to whether or not to send an smerit, whether the recipient "deserve" a merit or not from the judgment of some other member, such as nutildah would be another story (perhaps even irrelevant since there is no objective smerit sending standard, as if nutildah wants to suggest that there were such a standard), and the fact of the matter is that it was not even nutildah's judgement or place to determine whether the received merits were deserving, so his whiny little ass can fuck off in regards to substituting his judgement in regards to which merits deserve to be sent (or received) from the perspective of another member (such as him or some other supposed wannabe godly presence in the forum), whether my sending of smerits or the choices that any other member makes in regards to their sending of their smerits to other forum members.  

Alternatively maybe theymos should satisfy nutildah's wish and appoint him as the forum's merit sending Czar (nutso would enjoy that), then truly everything related to smerits would be close to completely screwed up and perhaps the whole forum would be fucked in regards to various currently existing posting freedoms and balances that are struck... but yeah, right, nutildah knows better than any of the rest of us (and for sure he knows better than yours truly) when it comes to smerit sending, and if you don't believe me, then go straight to the authority himself, uncle wannabe nutildah.


There is nothing wrong with posting for merit.  Nutildah has not even stated a plausible or reasonable case in regards to his desires to police this matter (or disincentivize other members from sending (or perhaps from receiving or seeking merits) - through his ongoing largely lame shaming attempts) - in regards to this smerit sending matter..


We are sharing information in this thread, and sure there are merits involved in such process of sharing information and members (including yours truly) deciding whether some posts might deserve the receipt of smerits... so what?  No member needs to feel guilty in regards to his/her own sending or receiving of merits (and yeah there may well be some bad actor forum members, but so what?  no one ever proclaimed that the whole merit system (or other aspects of the forums incentives and/or financial incentive matters) are free from potential downsides and/or bad incentives or bad intended members), nor should there be needs to pay a lot of attention or to get discouraged from sending or receiving smerits by listening or following advice of the self-appointed-righteous shit-stirring nutildah.. the little party pooping twat... coming in here and trying to ruin the mood... in udder wurds, it may well be amongst the best of courses to "just say no" to nutildah... rather than calling him uncle as he would like to happen.. within his fantasy world in which he actually were to know something meaningful about the forums merit system or other balances that are struck within the forum.


Note: I made several stylistic and substantive edits to my above post about 9 hours after the original post.. so now I think parts of the post flow a bit better and likely deservedly digs into the twat Nutildah a wee bit moar better. hahahahaha.. 

Sure it is, looking back at when this thread was created until now there's no doubt that @JayJuanGee has been the brain behind the knowledge some of us have impacted through this thread and to be honest, @JayJuanGee have been one of the very few users that is keeping this forum alive and i commend his efforts and dedication in sacrificing most of his time in the activities of the forum, what a great legendary he is. What Marvels me most is how he is always able to read each replies in this thread one after another, like only few people in the forum apart from moderators can spend such energy reading other users replies to a thread.

This thread has helped some of us who are interested in the best investment guide, strategies and practices to go about in our Bitcoin investments and @JJG have been available to offer quality contributions, suggestions, and teachings in that regard. This thread has also made me to understand that starting up an investment in Bitcoin doesn't necessarily mean you should have the whole money you wish to start with or having the money to buy a whole Bitcoin but by gradual and steady DCA it creates an ease to invest a fraction of Bitcoin at different intervals in the long run, one can achieve a huge portfolio.

I have also learnt about various strategies such as lump summing, the DCA and buying at a DIP and I also learnt about the need for emergency funds and reserve funds while investing in Bitcoin and also the need to start bitcoin investment with a disposable amount that won't affect the funds for other obligations of life as all these principles are like guide to a good investment processes. It has been been an amazing experience following up this thread so far.

I also wish to commend the OP of this thread @Wind_FURY for creating such an important topic of discussion that has stood for about 5 years now since it's creation in 2019.

Yes, it would be very beneficial for everyone to do this, especially for newbies. Newbies who don't know about DCA strategy, can easily learn about DCA strategy and make themselves a successful investor by investing in DCA method.


There are a few threads where JJG gives merit to the deserving. But I can't really say whether everyone posts there for merit or not. But there's a lot to learn from him, I've been following JJG since the beginning, just to learn. I got some merit from him but my aim is not only to get merit but also to gain some knowledge. Not to deny your point, many keep posting here to give merit to JJG, but I think you can get merit from everyone if you gain knowledge.

I totally agree with every word you say. This thread has taught me many things in real life especially investing and holding. I have had the opportunity to improve myself a lot here and how to really impact myself as a successful investor. Every advice from JJG sir including how to invest as well as take care of self and family and increase the amount of emergency floating cash. Also most important is DCA strategy I have learned from this thread and am practicing depositing bitcoins accordingly and for long term. This strategy is a universal one that everyone, rich or poor, can allocate part of their disposable income to accumulate bitcoins within their means.

I especially hope to learn many more important investment strategies from this thread in the future and highly recommend it for the long term.

Oh the irony. That's like 99% of the posts in this thread.


All the actually important information in this thread could have been said in a single page, then it would have been much easier to find.

There have been 3,758 merits distributed in this thread. Of those, JJG has dished out 2,269 of them and received 265 of them.

JJG's merits are the only reason anyone continues to post here (along with a couple of other threads y'all are also regularly posting in).

Nobody's learning a goddamn thing, except how to be a bigger suck up.

This thread is helping a lot not only new investors but also experienced investors. I did not understand at the initial stage how to invest with Dollar Cost Averaging (DCA) method, what is the benefit or purpose of investing in this method? But after reviewing this thread even coming here I spent a lot of time trying to learn slowly.
A simple and recommended investment strategy for DCA investing. Is this really the best investment strategy of all time. However, this method makes investing easier for many as it is a method followed by buying and accumulating bitcoins in small increments on a weekly or monthly basis. Using DCA we can buy any amount of bitcoins we can afford, with the sole purpose of reducing the average cost. Since investors buy bitcoins in fractions this way, holding them for a longer period of time will be beneficial.

All the education needed to acquire Bitcoin holdings can be done from this topic. Because if someone invests in Bitcoin in the new state, he will surely get all kinds of benefits, and if he holds Bitcoin as suggested in this topic, he will surely be successful. DCA method is the best method for Bitcoin, this method is the best of all times.

It has been a long ride here with lots of knowledge, tips and wisdom shared here. For me it has been a great learning thread that has helped me in my bitcoin investment and I still resort to the wonderful suggestions and recommendations here for my business decisions even outside bitcoin. One thing I know is that if the discussion here are not productive, it will not always look fresh and active everyday. JJG have been very helpful in keeping the thread alive in terms of his patience and willingness to guide, correct and keeping the discussion within context and I'm forever grateful to him for the selfless service he is rendering here. I doubt there is anyone that have not learnt one or two things from him and personally, I have learnt a lot and I also know so many people who are doing very well in their bitcoin accumulation using the DCA method and other great things learnt in this thread.

Wow, amazing, we've reached 500 pages 

I believe 500 pages contain many posts that are quite high quality and useful for us or beginners to find effective ways to invest in bitcoin and the key is buy and hold.

They will easily find it if they want to dig up a lot of constructive information about bitcoin investment in this thread.

Especially for OP and Mr JJG, both of them are our role models with the experience they have and they also provide quite constructive suggestions.

Also to everyone here and I hope we all have one goal, namely buy and hold whatever strategy you use.

Bitcoin has united us with the investments we make, meaning we share useful information with each other in long-term investment planning.

DCA is also well known in this thread and I myself apply DCA in bitcoin accumulation in my investment journey.

Today Bitcoin is green again and we hope we will continue to see price movements continue to strengthen until the end of this year.

You learn strategies, but you also learn about yourself, and sometimes you are forced to tweak because either your circumstances are changing in regards to cashflow or even size of your bitcoin stash, but also circumstances around the market might even be changing to cause you to want to adapt in various ways to make sure that your expenses are adequately covered or maybe you are saving up for something that you want to buy (like a car or something expensive like that) with your reserve funds, so you have to fit those changing personal and/or world circumstances into how you are planning and how you are putting your plans into action.  Many times folks will argue how they are motivated by various world circumstances and their perceptions of where the BTC price might go in light of world circumstances, and sure those world circumstances are relevant, but they are likely not as relevant as the weight that people give them as compared with other various personal circumstances around balancing cashflow and discretionary income and making various projections and back up funds related to present and projected personal circumstances... even projecting out 6-18 months cashflows, expenses various kinds of reserves ... expenses and cashflow will be more specific in the present and the immediate month, and become more and more general when it gets further out, but even the next three months might include a certain high level of specificity in regards to certain expected expenses and certain expected income flows.

There's nothing actually bad taking Buying Dip along with your DCA so far  you have the disposable funds for it....
However, Buying DIPs can come from various perspective depending on the buyer, you can choose to buy every DIPs no matter how small it is or you can choose to have a target for your DIP entry which doesn't work most times as your expectations might not be met . The best thing is just sticking to the first statement "you have the funds to buy a dip?? buy it when the need arise" and make sure this doesn't affect your DCA(that's why I said disposable funds and provided you also consider your emergency funds..

The best way to get the experience in bitcoin investment is to start investing as a new investor because that is when you will be able start having the experience of the market and how to control your emotions when the price of bitcoin dips and pumps. Knowing about how much of your discretionary income that you will use to buy bitcoin regularly at your own pace maybe weekly or monthly by DCA  will be determined by you. Initially, you can start with little amount from your discretionary to buy bitcoin frequently.

As time passes by and you are having knowledge of the market, a time will come when you will have increased your faith in bitcoin based on your experience by then you can choose to increase the amount in which you are using to DCA so that you can accumulate more bitcoin compared to when you just started.

Bitcoin investment will also help you to have the experience on managing your discretionary income for the right purpose because you will be able to set aside your emergency funds, reserve funds and floats for backups so that you don't sell your bitcoin investment before time, because if you use the wrong amount it will affect you financially and that can make you sell part of your bitcoin. This will make you readjust the amount to the right one for you to continue accumulating with ease and less worry because have corrected your previous mistakes and everything is put in order for a long bitcoin accumulation goal.

From my perspectives, I have concluded that every price is a dip (no matter how much it is) because we are expecting the price of Bitcoin to reach $100k or more this year or next year and from what I have imagined so far, I don't think that it will still drop below $50k or $60k anymore. Besides even if it reduces below $60k it's an opportunity for us to buy more.
However, IMO waiting for a dip is not also a good plan because none of us knows the actually date/time a dip will start, so waiting for it might not be a good idea. Now that Bitcoin is not above $70k I also called it dip because it's not too hight for me to buy.
We might be waiting for a dip and Bitcoin will be increasing and we might still end up at the wrong side (not buying) so why not buy it now and hold?
Accumulating Bitcoin with a DCA strategy is also a good plan but the only thing that might not work well is if one is waiting for a dip before he starts DCAing, and unfortunately price didn't dip at all. It's not a must for one (mostly a beginner on investment) wait for a dip before DCAing. One might know a good strategies but what won't make the strategies work for him is only a bad decision, which means even if one knows a good strategy but didn't make a good decision his portfolio wouldn't satisfy him/her.

Well, I am quite confused here but from what I can say, as a beginner in Bitcoin investment, you just have to get started as long as you have known how to buy. Just in a short period of time you will understand more about Bitcoin investment, because as you are buying continuously you will get to understand more about Bitcoin investment. You will also understand that price of Bitcoin is fluctuating, which means you have to hold for long term so that you can be able to make a resealable profit. If you wait to understand about Bitcoin before you start investing, you will miss a lot of opportunities.

I agree with you because experience is such an important factor in human life which prepares people to take many practical life tough decisions so having experience can make life's tough times easier. If we talk about experience it means that if we don't have experience in doing any business then we can't succeed successfully so experience is very important. If we talk about bitcoin investment then our experience is indispensable if we can gain enough experience bitcoin then bitcoin  It will help us in investing which will make us more interested in Bitcoin and if we are successful once we will publish this experience which will make others invest more in us. As we need experience on one hand and our patience on the other hand if we use these two properly then we will achieve a considerable amount of success in any investment which will help us to move our life forward.

Investing in the DCA method will invest in dips and pumping in the Bitcoin market, so if you invest regularly it will definitely control the average price. Investing in Bitcoin and DCA method is most popular as it has very low probability of loss, saving on both sides. It will save you the most if you buy regular dips, but the bitcoin market doesn't dip all the time so regular DCA method investing is the best method.


In the case of Bitcoin, the more Bitcoins you accumulate in the DCA method, the larger the portfolio will continue to grow. Because this is the only DCA method applicable to anyone, because it can be dumping the market if they buy bitcoins at once. But if you follow the rules and keep investing in the DCA method over and over again, that's how the portfolio will continue to grow.

Waiting for the dip is old fashioned for anyone that is still in his or her accumulation stage especially if you have not gotten to your maintenance level where probably you might not be buying or being consistent with your DCA but may decide to be buying at the dip only, Bitcoin volatility nature is what anyone coming into the space should be able to get used to as an inherent trait such that instead of looking at the market condition before making purchase of Bitcoin he or she is meant to focus more on increase his size of Bitcoin, waiting for the dip before buying Bitcoin is a wrong approach since the DCA strategy allows you to buy Bitcoin irrespective of it's point in different intervals either weekly or monthly, one can still be consistent with his dcaing and at the same time make other plans of buying at the dip, but as me focusing on my DCA is the best for me because I might not want anything that will distract me from my original plan.

In most cases the dips seekers lose their opportunities and run out of cash that they had set aside for investment. To ensure proper utilization of your assets you should start depositing bitcoin today without any delay. The DCA method gives you the huge opportunity to accumulate any amount of bitcoin that are disposable. If you are constantly looking for dips to invest you will actually end up losing the level of dips you expect for a long time and depriving yourself of bitcoin holdings when you should have started DCA to accumulate your precious bitcoin even if to a limited extent. Later, if you get a downward price trend, you can definitely take an aggressive buying opportunity.

In line with your income and the disposable portion can grow progressively larger with regular deposits. But you shouldn't be in a hurry to tidy up your portfolio quickly as you need to continue to accumulate for a long time and gradually increase against consistent income so that the size of the stash grows simultaneously. If necessary you can try to complete more than one cycle to make it easier to achieve your desired goal.