Topic: Buy the DIP, and HODL! - page 146. (Read 130988 times)

There is widespread confusion in your own about investment, which can often make you financially bankrupt. Traditional wealth is vital to your own and family's financial security, so you should have a separate layer of protection for your earthly wealth. For example, every week or month you can get guaranteed profits where you can invest in this case your capital can get security. Also excess assets can provide greater protection to your alternative investments. By investing in altcoins/shitcoins, your capital may be exposed to high risk, which is undesirable, so you should abandon the shitcoins. Long term investment in Bitcoin is recommended for the safety of your valuable capital.

You are correct. In terms of investment cheap or expensive however you should check the level of financial security that can give you high profits. Investing in Bitcoin is relatively easy as following the DCA method anyone can start accumulating Bitcoin without any experience. As opposed to just disposable income, depositing bitcoins in chunks every week or month is recommended over a long period of time. Having an abundance of other assets is important to sustaining bitcoin holdings long-term.

Perhaps you didn't read everything I said as you only quoted a part of what I said but in order not to make a repetition of what I said earlier, you do me a favour and re-read what i wrote again. But let me just put it straight to you, Bitcoin doesn't depend on politics for it's price movements and if you check since the invention of Bitcoin, how many politicians have been able to influence the activities of Bitcoin even when majority of them criticize Bitcoin as a scam project but yet Bitcoin maintained a solid ground and has made it through to this level it is now so why should we be overexcited when politicians are considering turning back to what they rejected years ago?

I have already stated that the activities of Bitcoin depends on so many factors of which some of what you mentioned are the factors and you seems to not understand the difference between political and social influence but let me break it down for you because you just made mention of Lionel Messi being an ambassador of bitget. Lionel Messi is a socialite and his influence came through football so a lot of his fans knowing who he is as a bitget ambassador can decide to make use of the exchange based on Lionel Messi's influence but when we talk about Donald Trump, what is he known for if not politics?  even though he is a public figure as a well known businessman but his lifestyle is more of political than social and politicians are some kind of controversial people in the sense that they can say a word today and tomorrow they withdraw their statements, don't know if you get my point but to sum everything up is to let you understand that Bitcoin is an asset that has stood out on it's own and what influences the market is mostly it's demand and supply, the activities of the whales and also the percentage of those that buys, HODL and sells within a particular period of time and not some political interference.

Our picture of bitcoin in the future will be much more valuable at a high price because supply and demand are higher especially with limited supply, so it is likely that in each cycle it will break its ATH record.

After seeing the journey of bitcoin for more than 14 years it is truly amazing isn't it, because investment in other places will not rise as short as in bitcoin, therefore we are more confident in bitcoin which has great advantages, most importantly we can become our own bank meaning we have control over these assets.

DCA is an important plan if you have goals for the future, I have a big dream when old later can still earn from bitcoin because of investment from now on with the DCA strategy.
Assuming $10/week for 5-10 years you will still get a high ROI.

But there will be those people who will be at one point of the extreme that holds no Bitcoin. Out of the eight billion people in the world right now, how many of us are actually accumulating/having a desire/interest in learning about Bitcoin? I believe that in two or three decades that line will be clear. Bitcoin is not perfect, but it will get bigger and BIGGER. Front run everyone now, worry about it later. Bitcoin is a breakthrough, like the invention of the telephone or something as ground-breaking as air travel.

Maybe much better for people to eliminate some thoughts about discussing altcoins here since its out of topic if they discuss about buying few of it or anything related to that. Since what usually discuss about here is all about bitcoin, also the accumulation and strategy to use. For sure we already know what risk does people usually get for it so much really better for people to focus on bitcoin since for sure they can get more appealing gains with this asset.

It will be good if new investor would focus on bitcoin since even if there's sudden price dump would happen they could able to rely and think about gaining back their money since there's always a big chance for bitcoin to pump then possibly reach its new all time high. In bitcoin the long term holder is always the winner.

Investments are never cheap anywhere so you don't have to confuse us in this. Every investment require money that is proportional to our financial capabilities and depends on the type and scale of the investment. What you can say is that investing in Bitcoin is something easy to start and maintain. You don't need too many things and no rigorous processes and paper or technical work needed. 

Now saying that investment in altcoins is an option is what I will not agree with you on because buying altcoins is not an investment for me, you are simply gambling with your money. How can you call something that can die anytime, without notice, investment? Maybe you have not really suffered real lose from investing in altcoins. If I show you my wallet to see how miserable shitcoins I bought with my money have become, you will not bring altcoins to a decent discussion such as we are having here. So, let the discussion be focused on Bitcoin alone so we don't get too distracted.

Our target is to build a good Bitcoin portfolio that we can look in the future and feel accomplished that we took our finances seriously. 

We don't know what lies ahead but we have tools available that can  give an idea of why DCA is best choice to invest in Bitcoin. Even 10 dollars a week or 100 dollars per month for 5 or 10 years are good enough to grab good profit. We have the liberty to go bullish on bitcoins if we have extra cash otherwise sticking to base plan will also take you to good position but with time. DCA is also best for those who don't have huge money to go for lump sum.

Every person tries hard enough for the financial security of the future. They do that from the beginning to the end of their careers. But if a person can think a little bit about Bitcoin then he will definitely find its benefits. The amount of money that can be expected to be earned after 30 years of working life can be recovered in 10 years by investing in Bitcoin. Those who manage DCA for 10 years and collect bitcoins I am sure they will get more return from any other investment platform. Those who were previously in confusion without collecting bitcoins must not miss the opportunity this time. DCA in Bitcoin can definitely give an investor a bigger return in the long run than keeping money in a bank or other financial institution.

That's why having a budgeted amounts to be use on weekly accumulation is very important sometimes because let's take for instance your weekly targets is $50 on weekly basis depending your source of income, you will see that as time goes by sometimes the amount of Bitcoin you will accumulated will be very higher compare to the amount of Bitcoin you will accumulate with that amount when the price changes, so actually it varies because of Bitcoin price fluctuations that's why we need to remain consistent on our Bitcoin investment.


However in regards to this I think the decision about how long to hold is actually depends on the investors because everyone has there number of years they wish to hold however don't be surprised that the reason why somebody will decide to hold till he gets to 70 years could be because his intentions is for his children to acquire it.

I will disagree with on this, are you trying to tell us to buy altcoins because they are cheap, I don't see any advantage that altcoins have because they don't last long in the market and they are like gambling. Newbies can be misled with your statement because of the way that you categorize bitcoin with altcoins. Investing in shitcoin is a very BIG risk.

New investors should only invest in bitcoin and buy immediately they have the money to do so with the right discretionary income that will make them continue buying bitcoin with DCA so that you can grow and build your bitcoin portfolio and hodli for a long term. With your steady accumulation of bitcoin from 4-10 years and above, you will have a good profit.

Shitcoins are cheap and their value cannot reach where bitcoin is now and they will fade away with passage of time which makes them not worth buying to avoid losses.

I don't seem to see what you disagree about here, you guys are practically saying the same thing and that is the right mindset any reasonable investment should take to the market instead of believing the market is cheap to the point that it's risk-free simply because they are either experienced or investing with the long-term strategy. No strategy doesn't carry its own weight of risk, the only difference is that one is lesser than the other. Still, our preparedness matters here as nothing will shift easily if we do not exert the needed force and be wise in doing it.

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.

AirtelBuzz you are getting it all wrong, kliss actually right. there`s risk in all investment but bitcoin risk can be easily minimize compare to others (altcoins, shitcoins ) especially as an long-term investment , that`s we always advice users to invest in bitcoin rather than to trade with it because the risk in trading is higher than the risk in long-term investment , because in longterm investment the chances of one selling in loss is low . Because one have already fixed his mind on longterm investment in bitcoin.   

Surely I have nothing against the idea and the actual practice of specialization, especially when it comes to something like trading - yet at the same time, even if one specializes in bitcoin (and bitcoin trading), generally speaking, it still is likely NOT very smart to trade an asset like bitcoin, except maybe small portions of your capital after you have a HODL stash.... so for example, if you think about bitcoin as an asset, it is one of the best (most pristine) assets in existence (and perhaps even the best), and even though it is quite volatile, it also has a lot of fundamental paradigm shifting qualities that cause a lot of ongoing potential for explosive upward growth periods in its price and the explosive growth periods are not very predictable, no matter how much you study bitcoin you might not necessarily see or appreciate the days that you need to have had been in bitcoin until they already played out an if you are not in during days that you should have had been in then you are left with less bitcoin than what you could have otherwise had... so yeah, traders can be cocky as fuck and even win 9 out of 10 trades, but then not be in on one of the trades and then end up losing most if not all of their earlier profits by not being in at certain times in which BTC ends up shifting up dramatically... so they are left with a dilemma to wait it out (which might not work) or to lock in their losses, which is buying back BTC at higher prices than they ended up selling... and these kinds of uppity explosive dynamics have taken place many times in bitcoin's history.


I know that I talked with you about some of these matter previously, and so yeah, it can take a while to build up an investment portfolio, and surely the younger we are, then the more likely we might be able to reach a kind of fuck you status at a younger age, and so no one can really tell us what an ideal age might be to try to reach fuck you status, since some people might be much older (even in their 40s or 50s) when they either come to bitcoin or maybe they start to become serious about reaching some kind of a fuck you status.

So there are advantages in having youth in regards to how much time a person might have to reach fuck you status, but at the same time, many times youthful people will frequently either make a lot of mistakes along the way and/or they might not have a lot of discretionary income until they have been in the workforce for a while or developed their skills, connections and/or just had times to increase their income and even figuring out how to manage their finances with focused intentions on investing.

I was talking with a friend of mine in recent days and he happens to be in his mid-50s, and even though I had been talking to him about bitcoin previously, I had to repeat some of my earlier conversation and also realizing that he is planning to work until he dies - which is a bit sad but at the same time seems to be a situation in which he put himself, and he still does not believe in bitcoin and has a lot of weird ideas about the benefits that come from investing in that at some point he should be able to stop working and not have to deal with the stresses of working - including I could see that he does not like working and/or having to follow direction..so it can become even more problematic when he is in his 50s and having to take whatever work he can get rather than having had already built up his nest egg so that he can be ready to stop working.. but he seems to have little to no vision in that direction.

Surely being able to stop working relates to the ability of our investments to support our standard of living, including anticipations that our costs of living may well continue to go up in terms of fiat, so it seems likely that our ability to measure whether we have enough bitcoin will relate to if we have come up with ways to valuate our BTC stash size and how well it might sustain our cost of living.. and to be able to do so in a sustainable way, because it likely would not be good to quit working and then to live off our investments, but then realize that we don't have enough, so we might lose our employability the longer that we are out of the workforce.. .so there likely would be some value to make sure that we have enough and more than enough before we pull any fuck you lever.

So maybe part of the point is that the earlier that any of us gets started investing in bitcoin and working towards fuck you status, we might not necessarily know how long it is going to take to get there, but the longer that we are investing and making various measurements, we likely will have some decent ideas when we are either getting close to getting there or if we might have had exceeded our goals.  At the same time, the mere fact that we are investing in bitcoin and building our investment portfolio, it is quite likely that along the way to getting to fuck you status or whatever level of financial reserves (investment) might be that we are trying to achieve, we are feeling more and  more powerful along the way, since any investment should give us more and more options ..even if any investment (including  bitcoin) can still take a while to build and to verify progress and also to verify that it is largely going in the right direction to be within the ballpark of some target goals that any of us might have established for ourselves and tweaked from time to time along the way of getting to our goals.

I think @Kliss is right and you are the one that is wrong on this. Perhaps you read the statement the wrong way and what it actually suggested was that if you do not invest appropriately and think long-term, then investment in bitcoin will be very risky for you. There is no lie in that statement because people who lose money to bitcoin are those who buy bitcoin and hoping to sell quickly and recover their investment and make profit. They probably invest bigger than their capacity and will not be able to hold longer should price refuse to pump, so they often sell at loss because the money put in bitcoin are money meant for other things and cannot be kept in bitcoin for long.

Investment in bitcoin becomes highly less risky with the right approach such as using the DCA method and setting up the necessary control measures such as emergency funds, reserve funds and any other thing that will sustain the investment. Like @JayJuanGee stated in an earlier comment, investment in bitcoin should be given between 4 to 10yrs as the minimum that is considered long term.

Can't you see that his actions are increasing the awareness of bitcoin, and more investors and liquidity are flowing in. That's just what I want you to understand, wether he keeps to his words or not bitcoin has nothing to lose rather it has everything to gain. That's just the angle I want you to see that political endorsement of bitcoin by politicians are spreading the good news of bitcoin, they are helping the bitcoin community do some form of evangelism. More people are getting confident in the whole bitcoin of a thing. The narrative of those that has been seeing it as a scam is now changing because top political figures are now identifying with bitcoin. Not that bitcoin will not survive with or without these things, but I just want you to understand that this moves are favouring bitcoin investors.

Congratulations. I think news and good reports like this are what I always look forward to seeing. 1.5years(weekly) is quite incredible, and seeing that you've still got the passion to continue your accumulation, shows you are working with a well planned DCA strategy. I think your contributions to this thread can also be helpful to some of us hear, as you've spent more than a year already accumulating, which means you are acquainted with certain things already, I assume.

Well, I think our level of accumulation and strength to continue with the accumulation will also determine the age at which one can start enjoying. But since some of the helpful replies under this thread has been to address new investors (sort of), which 8-10years has been an ideal ( most mentioned) time of investment plan.

Personally, I will like to continue my own investment, as long as I can still work and get funds to invest. Retirement age sometimes might not be as we've planned.

Today I have accumulated bitcoins and for me there is no other word than buying and continuing to hold. I have made purchases 72 times as I have exceeded a regular DCA that lasts about 1.5 years where every week I continue to buy even at different levels of execution. Different executions in the sense that the capital I spend sometimes varies from small or large amounts and it depends on how big the decline is that week.

From the previous post I think many people aim to hold their bitcoins until they are 70 years old. One side is quite good but today I think we should enjoy the results of our investments and maybe 55 years old is ideal to feel the results of the investments we make. However, it is up to each individual because some people regulate it in terms of 2 years or 5 years. But I think we don't miss our routine purchases every week before our satisfaction target is achieved.

Am sorry, I didn't address anything concerning Bitcoin hitting a new height or setting records. You might be responding to something very different from what I contributed to JJG's reply.

Incase you didn't go through my entire writeup, let me quote a summary of what I was trying to pass across.



You have a point here. I don't know about you, but this shouldn't get me excited or motivate me more to invest in Bitcoin. My reason for making Bitcoin investment is because I understand its true potentials and the future benefits that I will be getting. At least I won't regret taking this part.

But I still stand on the ground that "Bitcoin and politics might not work in hand".

Now, you've just stated that " Trump is saying some actual truth about bitcoin", which I agree with that fact, but would you expect him to tell a lie in the first place knowing he can also get support form the Bitcoin community?. He is telling the entire Bitcoin community what they need to hear. That's how politics plays, and that is how it has been playing. See, we are currently in 2024. The politicians we see today are up-to-date with the current happenings, and they are fully aware of what the people needs. All his saying are manifestos, and Bitcoin happens to be one of the strategies.

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Permit me to join this conversation.

When you talk about adoption,  I really don't get the point you are trying to make here.

Mind you, there are only two countries that has adopted Bitcoin as a legal tender, you might want to do the research for yourself. Now, you see, when something is declared a legal tender, adoption process becomes automatic. The people won't have any choice, as it's already accepted as a form of payment for debts and other stuff.

Now, you should also understand that there are other countries that didn't ban Bitcoin (i.e Bitcoin is legal). We can't really compare the adoption rate of Bitcoin in these countries to that of the two countries where it is legal tender. Some of the countries where Bitcoin is legal are US, France, Japan, France, Germany, Denmark, etc as far as I can remember. So you can see that, ban on Bitcoin isn't just the only thing that limits it's adoption, though there are adoption in these regions, but we can't compare them to that of the two countries where it is legal tender.


Even if the Nigerian Government remove the ban, we won't still get a fast and proper adoption, compare to when Bitcoin has been made a legal tender, and you should know by now that majority of the government won't consider that for the now, because they clearly don't understand how Bitcoin works and other excuses they might have.


It's actually based on the fact that Bitcoin is a legal tender in El Salvador. I doubt if their regulations on Bitcoin are up to 10% of what the US government has implement. El Salvador now see Bitcoin as a regular type of money (but in digital form), so regulations on Bitcoin shouldn't be too different from that of their fiat currency (that's if they have any).

Demand and supply is the major factor that controls the price of any commodity and the same applies to bitcoin. Bitcoin started growing from the scratch and got to this price because a lot of people have adopted it and the demand increases while the supply decreases every four years during the halving.

Other factors are minor factors and they are short-term but demand and supply is are long-term factor.

In addition, DCA limit the risk in bitcoin because it gives you the opportunity to buy bitcoin at various price interval, and very easy to implement. Since DCA is done with our discretionary income, it means that even if we lose that money it does not matter to us because bitcoin price might go against us and that will not be a problem. However, the odds of bitcoin price going against us is low and that is why one need to invest regularly and consistent as a new investor using DCA for up to 4-10 years and above because long term investment is the best.

Then you didn't grasp what I said properly, read well, I said is not risk free meaning there is risk involved in investing in Bitcoin.

I never mentioned or made references to shitcoins or Altcoins investment in my comment, @AirtelBuzz you bringing it up on this thread.  I was specifically talking about Bitcoin investment which is my only choice of investment in digital currency. I would never invest my funds in Altcoins and shitcoins, investing in shitcoins or Altcoins is a simple waste of funds. The opportunity bitcoin offers is very significant, there is no need to look side ways.