Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.
Actually you can't blame those early Bitcoin investors who sold their Bitcoin way too early because just like some people are gambling on altcoins now that was basically how the early investors where doing same with Bitcoin because it was just a coin that was new into the market so no one would have given their 100% trust as at then and it's almost impossible to trust any system that just got introduced and has not gotten much attention and recognition by a large number of people so that was what happened among those early Bitcoin investors but now that they have seen the growth of Bitcoin I believe they won't find it difficult to buy at a high price now when they try to consider the price they bought it years back so the most important thing is having the finance to start now because with the height we all are anticipating the price of Bitcoin to reach, it's still at an affordable price now and buying Bitcoin doesn't mean we should go an all in or buy 1 BTC at a go, they can basically start accumulating now and hodl a reasonable amount that will boost their portfolio in time coming. I understand the psychological difficulties you are talking about but they don't need to continue dwelling in the past as Bitcoin has even proven to be more trustworthy now than when it was earlier invented. So the only thing now is to accept the mistakes of the past and move on to start making accumulations. 
Topic: Buy the DIP, and HODL! - page 144. (Read 130988 times)
The DCA method is suitable if an investor wants to hold Bitcoin for the long term. But you have to choose this investment based on your financial ability to be long-term. But it is possible to place considerable importance on planning, as an investor can invest normally if his planning is correct.
It is true that any investor depositing his bitcoins in partial form can surely accumulate huge amount of bitcoins with the help of DCA alone.
So you can never push yourself into a situation that is impossible for you, but in Bitcoin it is definitely acceptable in any season if you follow the regular DCA method you are definitely successful.
Nothing is certain, especially in investment, of course it is not guaranteed to be successful, but if you invest long term, there is a greater chance of success, that is not a certainty.It is true that any investor depositing his bitcoins in partial form can surely accumulate huge amount of bitcoins with the help of DCA alone.
So you can never push yourself into a situation that is impossible for you, but in Bitcoin it is definitely acceptable in any season if you follow the regular DCA method you are definitely successful.
Investing with the DCA Method is quite feasible for people who want to invest but have limited money, they can buy slowly with whatever money they have without disturbing their personal/daily finances.
Of course it is an advantage for those who do it to be able to save assets, and for the time to enter/buy they don't have many choices so that overall there is a slight drawback when they can't buy at the right time.
But for Bitcion, I think if they are willing to be patient in the long term, and don't care what happens then it can be a fairly useful investment for the future.
And I'm sure no one here doubts that.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end. The DCA method is suitable if an investor wants to hold Bitcoin for the long term. But you have to choose this investment based on your financial ability to be long-term. But it is possible to place considerable importance on planning, as an investor can invest normally if his planning is correct.
It is true that any investor depositing his bitcoins in partial form can surely accumulate huge amount of bitcoins with the help of DCA alone.
So you can never push yourself into a situation that is impossible for you, but in Bitcoin it is definitely acceptable in any season if you follow the regular DCA method you are definitely successful.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end. 
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.
Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.
Another thing about the point of buying with whatever disposable income you have. Yes, sometimes it does not seem like a lot, but you cannot really do anything about that except maybe to try to increase your income or to decrease your expenses so that you can buy more, but there are likely practical real world limitations in regards to how much income can be increased or expenses can be cut... so you invest with what you got, and yeah, sometimes it can become quite amazing down the road to consider how many bitcoin were purchasable for relatively small amounts of fiat as compared to what the future might have in store in regards to future BTC prices. I specifically recall having a lot of financial cash flow troubles in 2015, and so I have mentioned this example several times, when I used to sometimes get very small extra cashflows that would come in like $20 or $50 or $100...
and so I already had my budget all lined up, so whenever I had the extra money come in, then I would use half of it to buy bitcoin, so you can imagine that if I had $100 come in, then I used $50 to buy bitcoin, and so since bitcoin spent a lot of time below $250 during 2015, I would end up getting right around 0.2 BTC for $50, and yeah, it did not seem that I was making very much progress when I made those kinds of purchases, so there woudl be ups and downs and frequently people telling me that I should sell whatever bitcoin I had accumulated, yet during 2015, my average cost per bitcoin was close to $600 per bitcoin in the beginning of the year, but I brought it down to close to $500 by the end of 2015, and the BTC price was still spending much of the time in 2015 below $250, so by the end of the year when the BTC price finally went up, it felt good to go from a long time in the negative to having my BTC holdings to finally be in the positive, and at the same time I had been continuing to buy bitcoin during that whole time in such a way that those prices did not end up returning. even though people were predicting that those lower prices would come back...so people were not even more positive about bitcoin back then, there was a lot of negativity, hostility and even apathy..
And, yeah even though each of us have our own unique journeys, there are quite a few of us (yeah a minority of the population) who stuck it out through those times and continued to buy within our means, and yeah maybe sometimes we did not buy enough also, because we were trying to make sure we had money if BTC price went down, so each of us had to decide how much BTC to buy based on our own finances and also considering how aggressive we might be able to be .. and the answer should have had been to attempt to be as aggressive as we are able to have without overdoing it and without screwing up our own finances and psychology in the event that the BTC price moves against us, which surely can happen.. and there are likely guys who started buying bitcoin in early 2021 and so maybe they bought a lot of BTC during 2021 at higher prices, so when the BTC prices corrected in 2022, they were left with a similar dilemma in regards to the extent to which they should or were able to continue buy bitcoin at that time, including maybe sometimes having feelings that you are running out of money and you ONLY have so much money to buy bitcoin whithout putting yourself into difficult financial and/or psychological circumstances.
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Actually there's a news regarding reimbursement of Mt.gox to its creditor and this is pointed out the reason of the dump happening lately.All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
There's article article posted about this https://cointelegraph.com/news/why-is-bitcoin-price-down-today
But eventhough with those cases happening bitcoin manage to climbing at $66k as of this writing so that means even if there's negative news to spread people now are not affected much on that news circulating and people always think about bullish that's why bitcoin easily recovers.
All time high possibly would happen soon and hopefully we could able to see it reach at $100,000 on the timeline you said or if not maybe in next following month next year.
Frequently there are dumbass negative news hits on bitcoin to talk BTC holders out of their coins or to persuade others (perhaps low coiners and no coiners) not to buy bitcoin, so the only one they have to blame is themselves when they listen to those negative stories about bitcoin, especially anyone who might be without BTC, with low BTC or even who might be in their first BTC cycle when they should be focusing on building their BTC holdings rather than getting distracted by folks trying to talk you out of your coins or talk you into NOT buying BTC and/or acting in your own best financial interests.
Investing in Bitcoin is not risk free especially to investors who do not invest appropriately with the right approach and strategy, and also not sticking to their investment plans (long-term).
I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly. Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.
What baffled me most is that I was even so silent about altcoins and used "Bitcoin or altcoins" as investment opportunities but you emphasised it as if it was a big deal. You guys are really pathetic to think Bitcoin can survive in isolation, as if it's the only investment opportunity in the world. Anywhere altcoins, fiats, gold, etc are mentioned, you fake it and attack. How gullible are you to underrate the wisdom of investment diversification. I better waste my time on those who understand investment and not fake extremism like you.
There is no problem with you believing that you have better ideas regarding investments and even diversification into shitcoins and/or other assets, but why would you need to propagate those ideas in this thread and/or other threads that are bitcoin focused.
Yes, surely there are likely members who are holding more shitcoins than they are willing to admit, yet it still seesm right that they would not talk about that in this thread, since this is not a general investment thread, so maybe you are either in the wrong thread or you can find threads on that topic.... or maybe create your own thread that discusses the supposed values of diversification into shitcoins.
Some of those diversification guys are potentially doing o.k. with their choice to diversify, yet I still would not presume that diversification is better when it comes to some folks who might even be new to investing, so getting into shitcoins is likely also a learned skill, just like trading is a learned skill, and likely an overwhelming majority of the shitcoiners are doing way worse than if they were to focus on merely building their bitcoin and cash holdings and potentially considering if they might add shitcoins after the have already built up their bitcoin holdings, which also might bring them to the realization that they likely are going to end up worsifying their investments if they diversify into shitcoins.. slo the answers are not obvious, even if they were on-toppic in this thread, which they aren't on topic in this thread...so in that sense , you might be attempting to lure us in to some extent of off-topicness, and then when do we stop?
There are 20k shitcoins (probably more, but let's just round it off), and then we end up in stupid-ass discussions of which shitcoins are less shitty and is that really going to get us anywhere when we are attempting to focus on bitcoin, and yeah surely there are some guys who have some shitcoins in their investment portfolios.. and so what, and whether they have enough or too many shitcoins in their investment portfolios is their own choice, but still not relevant to talking about those kinds of considerations in this thread.. so likely better to just either not talk about shitcoins here or to bash on shitcoins (whether true or not) so that we can at least attempt to stay somewhat focused on the topic of this thread, which is bitcoin. What's wrong with that? Aren't there enough places to discuss shitcoins or maybe to establish your own tailorized thread that balances what you believe to be a kind of diversified way of thinking about the topic, to the extent that is helpful to anyone.. where do those threads go? They are probably lacking in focus, but if you have a few smarter folks in there (maybe even creating a self-moderated thread?), you might be able to keep it going in some kind of a productive and/or interesting way to the extent that there are some forum members who are interested in those kinds of topics (they might love gambling, adventure, and a lot of the excitement that might go with trying to figure out which shitcoins are less shitty and getting in and out and making their lil selfies richie.. in theory).
By the way, I do agree with your assessment that there are quite a few members participating in this thread, and even other threads that I frequent who might have lacking in their own independent thinking, and so yeah, it can be problematic if some of them might be posting merely for merits rather than posting what they really believe.. and so I doubt that you have any kind of real solution to that, since the merit system was created in early 2018 to attempt to resolve some kinds of problems, yet at the same time it created some other kinds of problems, and surely I have frequently suggested that theymos might need to expand the merit sources or even to have some juggling around of the merit sources - but that would likely take a lot of work and potentially create a decent number of its own problems. I have sometimes sent merits to you even though I disagree with you, since you do have decent abilities to present your ideas well.. but still sometimes, I can find it difficult sending you smerits if I either feel that you are pumping shitcoins or pumping trading or gratuitously denigrating bitcoin and sometimes I even believe that you might not even be on topic in some of the posts I see you making, but you do tend to write fairly well much of the time.. yet at the same time, if you raise some good points from my perspective (or how I am feeling at the time, I don't mind sending smerits.. and yeah, I never asked to be a merit source, even though I attempt to spread the smertis out.. but I have my own limitations in terms of time and even sometimes my abilities to read long posts or technical posts or sometimes I might not be sure what the motive of the poster might be, so I try to be careful in regards to some good points being raised or critical thinking or if I get senses if it is independent thinking or expressed in a good way, but there is also some tendencies that any of us might have to sometimes not be able to read so many posts and maybe I merit some posts from time to time that do not deserve merit and yeah some of them also might be obviously not deserving merit on retrospect or if I were to read the posts one or two more times, and maybe I don't always feel that I have time or maybe I have my own real world difficulties from time to time... and on the other side, of that, there are likely instances that I fail to merit some posts that deserve merits.. I believe that largely I am just trying to do what is within my own judgement and abilities in that direction.. and it is likely quite a distance from perfection, since I have been criticized previously and I am not even saying that I agree with the some of the past criticisms that I have received, yet sometimes I will respond to those criticisms, if I know about them or if there might be something that I feel that I want to or need to say to attempt to address the criticisms or points related to the criticisms.
Investing in Bitcoin is not risk free especially to investors who do not invest appropriately with the right approach and strategy, and also not sticking to their investment plans (long-term).
I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly. Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.
What baffled me most is that I was even so silent about altcoins and used "Bitcoin or altcoins" as investment opportunities but you emphasised it as if it was a big deal. You guys are really pathetic to think Bitcoin can survive in isolation, as if it's the only investment opportunity in the world. Anywhere altcoins, fiats, gold, etc are mentioned, you fake it and attack. How gullible are you to underrate the wisdom of investment diversification. I better waste my time on those who understand investment and not fake extremism like you.
About diversification you talked about, everyone has the right to venture into any investment they find fit and comfortable for them but I would instead choose to invest in Bitcoin than diversify into some cheap projects or altcoins. If I must diversify from Bitcoin to anything else then it should be something worth more than Bitcoin and not something lesser than or of less value to Bitcoin.
Investing in Bitcoin is not risk free especially to investors who do not invest appropriately with the right approach and strategy, and also not sticking to their investment plans (long-term).
I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly. Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.
What baffled me most is that I was even so silent about altcoins and used "Bitcoin or altcoins" as investment opportunities but you emphasised it as if it was a big deal. You guys are really pathetic to think Bitcoin can survive in isolation, as if it's the only investment opportunity in the world. Anywhere altcoins, fiats, gold, etc are mentioned, you fake it and attack. How gullible are you to underrate the wisdom of investment diversification. I better waste my time on those who understand investment and not fake extremism like you.
I agree with you. There has never been a point where x amount invested in Bitcoin is pointless. Whether $10, $100, or even thousands of dollars invested all still counts. It is a game of accumulation. No successful investor was able to achieve a good portfolio by buying Bitcoin once. And most of them did not start buying with a huge amount. They started with whatever they had then and now their portfolio looks good for the long term.
Any amount is ok as long as you purchase in such a way that network or gas fees are cheap and enough to cover your expenses. We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end.
Every amount of Bitcoin that we collect will of course be very meaningful for us to invest until we can get profit from what we invest and maybe only some people can accumulate Bitcoin in amount but starting with any amount we have as you said is also very good and we will be able to get profit from what we have invested when the price increases later and I really agree with you that we don't need to compare the steps we take with those taken by others of course this will make it difficult for us when trying to accumulate Bitcoin and we must be able to focus on what we do and of course we continue to do it consistently in order to get good results from what we have invested. Any amount is ok as long as you purchase in such a way that network or gas fees are cheap and enough to cover your expenses. We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end.
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Actually there's a news regarding reimbursement of Mt.gox to its creditor and this is pointed out the reason of the dump happening lately.
There's article article posted about this https://cointelegraph.com/news/why-is-bitcoin-price-down-today
But eventhough with those cases happening bitcoin manage to climbing at $66k as of this writing so that means even if there's negative news to spread people now are not affected much on that news circulating and people always think about bullish that's why bitcoin easily recovers.
All time high possibly would happen soon and hopefully we could able to see it reach at $100,000 on the timeline you said or if not maybe in next following month next year.
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.
The best time to do it was always in the past and not in the present. However, we cannot go back in time and so we have to deal with the present and before another regret comes, do it presently so that not another opportunity will be missed.
The key to investing is to start early, so if someone has the opportunity to invest now, then he should invest now. There is no need to buy in large amounts, with accumulation or DCA one can build their investment portfolio slowly while setting goals for how long they hold it.
Because if someone delays investing now, then they might miss the opportunity to get bitcoin at a cheaper price and the opportunity to get potential profits more quickly. If you are still in doubt, do accumulation or DCA, because it is the most appropriate method for people who want to start but are still learning.
Those that sees the buying time while they can has to act on it now. Because if they don't, they're wasting the opportunity and soon they'd see how the price for Bitcoin will be more than it is compared to the time that they're seeing it quite lower.
Each of us has the ability to set up strong cashflow management practices that allow us to strengthen our emotional reactions, so the better kinds of cashflow management practices that we have that are balanced with our bitcoin investment strategy, whether DCA, buying dips and/or lump sum, then the more likely that we will keep our emotions in check.. and yeah, it might take a while to build the skills, practices and application, so the newbies might have more tendencies to want to panic while they are still building, so they should be attempting to build and buttress their systems to lessen the likelihood that they will panic because either they are continuing to buy or they are holding or they are doing some kind of a practice that helps them to couple some of their actions in with their beliefs in bitcoin being a good place to put some of their extra money and if they don't have extra money, they might have to hold from time to time until they are able to generate some extra money to buy more... especially if they are in their accumulation stages, then the main thing is just buying regularly but also having some reserve funds so there is not any kind of sense of panic that sets in merely because the BTC price moves a lot in one direction or another.
I agree, the importance of having a reserve fund while continually buying Bitcoin should be considered not just by the newbies but all of us. As we invest in Bitcoin, it should play the purpose of why we've bought it and we don't have to pull it asap when we're in need. That's the reason why we need to have extra funds or just invest extra to Bitcoin.
So, in unexpected times that we need to have some money, we're not going to spend our holdings for it and at the same time when dip comes, no one will panic.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I agree with you. There has never been a point where x amount invested in Bitcoin is pointless. Whether $10, $100, or even thousands of dollars invested all still counts. It is a game of accumulation. No successful investor was able to achieve a good portfolio by buying Bitcoin once. And most of them did not start buying with a huge amount. They started with whatever they had then and now their portfolio looks good for the long term. Any amount is ok as long as you purchase in such a way that network or gas fees are cheap and enough to cover your expenses. We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end.
[Edited Out]
Apart from having to say something more specific so as not to confuse the beginners here by directly mentioning the word Bitcoin, everyone here also has to consider crypto as a very general thing so it doesn't seem suitable to be mentioned in the ongoing discussion here because Bitcoin is always different from others. other.
.IMO there's Bitcoin, the rest scraps either shitcoin or not there's nothing to discuss about them actually on this thread
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
very possible with more momentum been gathered to push harder... it quite promising at the moment All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Fuck the word Crypto, this is not a thread to be talking about about crypto it can be very misleading and also passing an unrealistic information to newbies here and so be careful so you won't get them confused for it would have been better you call Bitcoin for Bitcoin and shitcoin for shitcoin to be more specific for better understanding to newbies rather than calling crypto as it addresses the entire Crypto market.
Apart from having to say something more specific so as not to confuse the beginners here by directly mentioning the word Bitcoin, everyone here also has to consider crypto as a very general thing so it doesn't seem suitable to be mentioned in the ongoing discussion here because Bitcoin is always different from others. other. And I think what you suggest is also more suitable for everyone to understand so that there are no more mistakes in using words that will direct understanding to Bitcoin because Bitcoin must be mentioned more clearly and separately from any shitcoin.
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Even though it's just a prediction or could happen or be achieved, I'm definitely still enthusiastic about continuing to hold bitcoin. Appropriately enough, I've seen a lot of threads about $100k in the year and hope it happens before we enter the new year. Just a small shake and perhaps this is an opportunity to continue accumulating before we see the rate reverse turn green and pass the ATH. All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
As for this situation, of course there are many who can take the opportunity to be lump sum or aggressive, which of course is an opportunity that must be taken advantage of. Going down or up is normal but an increase in btc holdings in a portfolio is extraordinary and it is a way to maximize the opportunity in a downturn to continue buying.
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Lol we all are hoping for the best , well I still take this delay as a blessing or opportunity to gather more as the price is still 5 digit , because bitcoin going to the range of 6 digit soon either this year or the next year either ways bitcoin still gonna surge and go beyond thev$100k. Bitcoin has literally spend alot of time in this range of $60k , and I believe bitcoin is gathering enough strength for the main bull run. So is up to us to keep accumulating and holding and let bitcoin do it's thing.
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.
That's right, whether you've been involved for a long time or are new, you still have to have a strategy, even if you or someone else who has been involved in the BTC world for a long time definitely has a strategy. I read and learned a lot of new things when I entered this thread, although I rarely comment, but listening is not a bad thing. I often read the comments on this thread because here I think I can find new lessons and insights about BTC.
Of course, getting a strategy that feels right takes time, I myself am currently studying the DCA strategy which is talked about quite a lot. This is interesting because I think everyone can do this strategy, even beginners, but there are many factors and aspects that must be considered so that everything goes well.
That positive mindset is being disrupted when you're less experienced. And this happens to many investors that whenever a few falls happen, they all panic.
But an investor that has enough experience of buying the dip and holding for so long, there's no inch of movement to their emotions happen and that's why holding firm has been an easy action for them.
But an investor that has enough experience of buying the dip and holding for so long, there's no inch of movement to their emotions happen and that's why holding firm has been an easy action for them.
Of course, to invest, you need sufficient knowledge because if you lack knowledge, the investment you make may lead to more losses. Of course, everyone doesn't want to experience losses, so if you really want to invest, you must have sufficient and good knowledge first. I myself am looking for learning. Just from this thread I think I can take some lessons from the many comments there are. Even though we may occasionally have to be brave enough to take risks, if there is a lesson that can be understood to minimize the risk then it is better to learn it, after all it won't result in a loss either.
Restraining myself is not an easy thing, I still can't control my patience very well, I'm still preparing myself to be more ready to do everything.
To have knowledge is good before going into anything be it business, investment etc but you sound more like someone who's talking about trading because I don't understand what loss you are talking about I mean the place you will be talking about loss is trading not investment when you invest, everything is safe and intact provided your wallet seed phrase is safe again you don't need to know everything about crypto before you can be able to invest perhaps there are basic things one ought to know to be able to invest and in order for your investment to yield good profit you have to be patient and discipline and the best way to invest is using the DCA method.
Fuck the word Crypto, this is not a thread to be talking about crypto it can be very misleading and also passing an unrealistic information to newbies here and so be careful so you won't get them confused for it would have been better you call Bitcoin for Bitcoin and shitcoin for shitcoin to be more specific for better understanding to newbies rather than calling crypto as it addresses the entire Crypto market.
yes, I am a beginner who uses the DCA strategy to accumulate bitcoin which I am targeting for long-term investment, here I use the DCA strategy instead of other strategies because this strategy is easy to implement, and for me DCA provides a solution to investors like me who only rely on my monthly salary to be able to feel the benefits of investing in bitcoin, I just think simply, I allocate part of my monthly salary to invest in bitcoin, the same as me saving my money for the future that I plan, I don't really look at market developments, this will slow down my investing due to panic and that can mess with my thinking.
DCA investment strategy will definitely make your long term investment easier. If people who invest but do not know about DCA investment strategy are discussed about this investment strategy then they will definitely invest in this strategy excluding all investment strategies. DCA investment method is a simple and effective investment strategy. Investors do not need sufficient amount of money to invest in this strategy but if that investor has the ability to invest a certain amount of money regularly. If you are a new investor then surely this investment strategy will work for you. You just continue to invest in this strategy consistently and at some point you will realize for yourself how positive this strategy has been for you. When you look at your total investment after a long period of time, you will be amazed at how much you have invested even with small investments.
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.
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