Topic: Buy the DIP, and HODL! - page 15. (Read 128925 times)

I agree with you here. The disadvantage of making decisions based on current market trends is that it will lead to choices driven by emotions instead of proper learning and a long-term mindset. There is more to it. But I have to highlight this because it has been a path taken by so many failed investors. However, we are allowed to make our choice in the end.

Paying too much attention on the market price is literally an act of trying to predict the market and hereby ignoring the fundamental value of Bitcoin. There are some mistakes i believe some members in this discussion should not fall into.

You re-read the post carefully to see what is mentioned there. @Tmoonz points out that it is not good to make investment decisions based on current market trends. Maybe he meant by saying that Bitcoin price is high now so it is best to invest during dip time. It is very important for an investor to have a source of income before investing. The most important thing for an investor to do before starting to invest is to ensure the source of income.

If investors with source of income only wait for dips then their investments may not progress. Markets don't always have dip periods so if they wait for these periods they will miss the investment. New investors should not wait for dips to buy bitcoins, That is why they are initially told to get ready to buy Bitcoin immediately.

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

You might have a stable income but don't have discretionary income, such person will not be able to invest in bitcoin talkmore of someone without a stable income, because if you don't have a discretionary income and you end up buying bitcoin, you will sell it when you are broke because you must take care of your needs for survival. If you don't have a stable income, you will not be able to build an emergency funds that will sustain your bitcoin investment in the long term.

Investing in bitcoin is just like saving your extra money in the bank for long to achieve something of valuable to you but when you are not financially stable, which money will you save in the bank, instead your bank account will be zero. Same applies to bitcoin.

It is important for an investor to know that Bitcoin price is always not stable as it goes up and down so investors who's Bitcoin investment is for a long time purpose shouldn't be worried about the upward trend and downward trend of Bitcoin since you are not investing for a short time purpose.

In the other aspects I agreed with you as a new investor your major interest shouldn't be making profit but how you can be able to increase your Bitcoin stack because it is the amount of Bitcoin you accumulate and how long you were able to hodl will determine the profit you will make.
So it is important to keep on accumulating Bitcoin either using the DCA strategy to accumulate Bitcoin and HODL for future purpose because Bitcoin will definitely rise above what it is now in time coming.

I understand what your stating here, but I think its the wrong approach. DCA for me is not caring too much about the price that I buy at, its more about how much i can accumulate within my target for the year. So say I have a accumulation target of 0.1 BTC for 2025 and I forecast the average BTC price for 2025 at 150k I'm going to need to budget 15k(288/week). If the avg price goes up I'm gonna need to become aggressive and I need to figure out how agressive I can be, so maybe I draw line and say I can put in another 2k(38/week) to reach my accumulation target, or on the flip the avg price goes down I will accumalate more than 0.1 BTC with the intial 15k budget, and have 2k extra for out of schedule buys or maybe even a dip buy here and there.

The way I accumale is by setting yearly goals to get X BTC in that year. I have an over arching accumulation target that I'm trying to get too that plays into those annual goals. Whether its a bullish year or a bearish year doesn't impact my target setting, because it will balance out. There may some years(and there have been) where I over accumulated and I'm sure there will be years I under accumulate but as long as I get to my target or very close to it I feel I will be setup right for the future.

 

You are right that the wallet phrase is better written before the wallet sends the bitcoins. Because this is useful for making the bitcoin assets we own safer. Apart from that, the idea of ​​laminating paper containing the phrase wallet would indeed be very risky if carried out by a laminating service. So I personally laminated the paper containing the wallet phrase itself. The method is quite simple and doesn't require a machine either. However, I only need a laminating bag and to glue it I use an iron. And the results are not much different from the results of laminating using a machine. So I personally do this to laminate wallet phrase paper and of course it is definitely safe.

Apart from that, regarding anticipating the loss of your wallet due to a house fire or flood, we also have to think about this carefully. Because sometimes unexpected things can happen to our homes. So to anticipate this, I think we should make two or three copies of the wallet phrase and store them in different places. Although this method also has risks, in my opinion the benefits are no less great. The most important thing is that the place used to store the wallet phrase is truly safe.

And I also have another suggestion. When we write our wallet phrase on paper, it would be nice if the wallet phrase has been written, we have to check it by entering the wallet phrase and seeing whether the wallet phrase is correct or not. So that way we will be more sure whether the wallet phrase we wrote is true or false. Because it would be very troublesome if, for example, we wrote down a wallet phrase, then we kept it for years, and when we wanted to open or enter the wallet phrase, one of the words of the phrase was wrong.

I think what Tmoonz is trying to point out is that newbies should not be carried away by the current price of bitcoin and invest all their money in bitcoin because bitcoin is not a quick way to get rich soon. And they should use the money they can afford to lose or the money they will not need for 4-10 years or more so that if there is a drop in bitcoin price, they will not be dismayed and sell their bitcoin at a loss to survive. You are wrong; new investors should know about their finances first to know if they will have a discretionary income that will allow them to freely invest in bitcoin, and after then they can figure out if they will be accumulating bitcoin on a weekly or monthly basis.

Of course. Income-based investing is the basis for adopting the time and DCA strategy. You should formulate an aggressive buying strategy based on your sufficient income source, otherwise you may fall behind long before reaching the point. This is another name for complete and financial freedom through which investors can accumulate (BTC) holdings of any size within their means. That is why I am more confident in the DCA strategy and through it the sky-high dream is achievable.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Skilled and experienced Investors never wait to buy bitcoins, their goal is to buy bitcoins whenever they have money. For example, MicroStrategy has bought bitcoins at any moment in the market, making them the number one investment company in the world by regularly buying bitcoins.

Anyone new to Bitcoin investing need to start buying Bitcoin which is primarily the very first step, and the price points is what shouldn't be given attention before buying one of the reasons why the dca strategy of accumulating Bitcoin dominates most of the thread because it allows investors to make investment decisions without any pressure from the market conditions, there is nothing absolutely wrong being aggressive in your investment without overly doing it, it should be within your level of discretional income irrespective of the market conditions.

It’s not actually easy to build wealth, that’s just it… those that are after short term profit are likely to do more of gambling to  their investment and might end up losing part of their investment. Having the feeling to invest now is okay imo , not saying beating yourself if you can’t afford to do it but it’s just mind set, if you’re determined to do it then it will come ,bitcoin won’t wait but that doesn’t mean you can’t still invest yet the more you wait the more you might miss out unless you catch a dip in the future you’re talking about and that’s under maybe …

Thus, if someone is not financially stable, the DCA strategy is still always a flexible  way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent )..

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin. Investment is not in line with the conviction of rushing and to do this requires analysis of the environment. From the perspective that the market situation may be uncertain, you can first start with small savings within your tolerance and gradually increase the investment considering time and price. Another common tendency for new investors is to be very impatient and greedy for getting high profits in a short period of time which does not allow it to be long-term. Every investor should be more patient from the expectation that investing in Bitcoin is only profitable so that it is tempting to save for the long term.

Bitcoin is weakening and breaking down political strongholds.

 👀


If Russia forms their own Bitcoin Strategic Reserve, then it will be in their best interest to secure the ledger itself themselves as well.

The arms race between Nation-States for Bitcoin hashing power and accumulation is going to start.

Despite of whatever good thing happen still don't want to sell my bitcoin. I didn't reach my target year so most provably that I will continue no matter what FUD people spreading certain correction that might happen. I'm so positive that next year will be another good year with bitcoin.

$100k price is really exciting but we need to continue since if we sell early then provably that we will start over again and we will picking up some pieces to start up again.

So again let see the next chapter since for sure that holders still the big gainer especially if more price milestone will be hit by Bitcoin.

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one, don't be in a hurry to forget that the market can be uncertain where we have the bull and bear hence, any one coming into Bitcoin investment with the mindset that Bitcoin will only keep going up might feel very disappointed whenever Bitcoin is having a downward trend. Secondly, a new investor shouldn't be talking about profit margin when he or she should be focusing more on buying Bitcoin because he or is she is still very early in the accumulation stage, and on the other hand, profitablity in Bitcoin investment is directly proportional to the the size of your Bitcoin investment and how long you where able to hold.

One will be under pressure when it's starting to see the price of Bitcoin growing. This is why FOMO is real and I don't advice people to do that because they're putting a burden to themselves and even if they have some other important matters to attend to with their money, they'll be forced to invest to Bitcoin. I don't want people to invest with that kind of decision.

Exactly, they think that upon buying Bitcoin they'll become rich overnight with all of the hopes that their problem will be solved on an instant. It doesn't work like that. While we're in a bull run, some good pumps may happen in a day just as what we're witnessing but those that have been prepared for so long are reaping the rewards for being early and consistent. Everyone has their own story on how we're able to accumulate but it's also admirable if someone will say that they have bought while they are under pressure and able to solve their problems in their own ways while keeping ahold to their Bitcoins.

Yeah, I understand that you have just differentiated it and it was just a general statement because people are in FOMO right now. I hope him and others that are in that situation would understand what's best for them but we highly encourage for them to invest but don't put their financial situations into jeopardy as they do it.

Bitcoin's surging past $100k is exciting, We shouldn't sell now regardless of our investment experience. Instead, consider buying more with a long term holding strategy, as the bull run's potential is still unfolding.

You seem to be focused on short-term gains. For new investors, it's essential to avoid investing based on FOMO (fear of missing out). Instead, invest for the long period and focus on holding, rather than seeking quick profits.

There's no way I was going to invest in bitcoin under pressure or advise anyone to invest in bitcoin under pressure because I know it is not the best way to go about bitcoin investment. I was only differentiating investing in bitcoin under pressure and investing in bitcoin aggressively so that Samlucky O would get a clear picture or understand the difference between investing in bitcoin under pressure and investing in bitcoin aggressively.

Even though you have gotten to your fuck you stage in your bitcoin investment, it is not enough reason for you to sell a big portion of your bitcoin investment just because bitcoin hit $100k; you might regret doing that when bitcoin hits $150-$200k in the future, just like so many people who sold all their bitcoin cheaply in the past are regretting now. If you must sell your bitcoin, you can just figure out doing that from time to time, and it should be a small portion of your bitcoin that can give you $2k-$5k profit.

Exactly, this is the mistake some people make in this investment, some think once they invest in Bitcoin all their problem is settled I mean some people think that if they invest now they are going to make profit in a twinkling of eye and some feel that if they don't invest now they can not be able to invest again thereby investing even when they are on pressure, not financially stable to manage their investment properly of course this kind of investment will not and can never last because one is not ready for it though one can not be fully ready or prepared to invest in Bitcoin but one ought to have the ability of budgeting and taking control on how to make things work right. Note: Never do anything under pressure because you will not do the thing well perhaps that is the mistake I am talking about and this could bring about frustration and regretion.