Topic: Buy the DIP, and HODL! - page 152. (Read 122199 times)

Yes, I totally agree to this, their is no need of feeling regret over a spilt milk,  it has already happened, now it's left for you to re-write your wrong so that you can have a better future, so making your past your Burden is really a wrong thing to do at this present day and time, when their are still countless opportunities out their in doing the right thing, by accumulating as much Bitcoin as possible, so as to be able to build a generational wealth on the longer run.

And talking about loan, it's really a wrong thing to do, because you are putting yourself understand unnecessary pressure that will warrant you to sell  off your holdings, even though it's not your will, so that you are not going to defaulting on your loan repayment, so it's very important that you invest with your own personal money, and not just that, a money you can be able to do without for a very long period of time.

You are right the market always have a way of making people or changing the mindset of most investors especially the ones that doesn't have much knowledge about Bitcoin, they will actually feel that the Bitcoin price will keep dipping and as such affecting there investment capital and from there the uncommitted ones will panicked and rushed into selling there investment, so actually like you said in a case like that people should always remember the reason why they choose to invest on Bitcoin for a long term because that will actually be there motivator and show them the reason why they need to hold and not allowing any negative price movement to affect there judgment on holding there investment.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I now see it clearly....
The word Currencies... sound absurd
It's  a world for Bitcoin only, bitcoin might be a cryptocurrency but the word cryptocurrencies is some kinda bullsh*t here we don't discuss alts... I know this has been addressed but just checking to know what's really going on.

Not excluding  emergency funds , especially while you're buying aggressively to have alot stashed up

Don't bring up the past, let the past become your own memories. In the future, just focus on bitcoin by accumulating using DCA. live a new chapter in your investment journey because as long as you have the intention to change your fate then you have a greater chance of achieving success in the future.

I also started last year by buying bitcoin every week with the intention of never selling it again and having the confidence to hold it until old age or for my retirement. If you have more money, keep buying aggressively and if you don't have money, don't take out a loan to buy bitcoin. Invest casually without having to force yourself to continue buying aggressively but just focus on DCA.

Buying bitcoin with the money that was given to you on tour birthday is a wise decision but how will you hodli that bitcoin for long when you don't have a means of income. If you are faced with a big challenge, you will not hesitate to sell your bitcoin to solve the problem and become a no coiner. Even investors that have a regular means of income do sell their bitcoin if they don't have an emergency funds. No bitcoin investment will grow without a source of income and an emergency funds.

You have bought bitcoin and you cannot continue investing to grow your bitcoin portfolio, and it is just stagnant, you might not have any profit for a long time especially if bitcoin price is below your entry point overtime. The aim of investing is to grow your bitcoin investment to a particular size that will be able to give your some profits over time, and also keeping the value of your funds from depreciating. The first thing to do if you want to invest in bitcoin is to get a means of income , from there you can take from your discretionary income to buy bitcoin regularly using DCA weekly or monthly consistently without stopping for 4-10 years.

Emergency funds is very important, and you can use the left over from your discretionary income to build your emergency funds up to 3-6 months, after which you can also build your reserve funds. All these put together with discipline will make you not sell your bitcoin before time.

I have an advice for those still in deep regret of selling of there Bitcoin in 2013 - 2015 and those who saw the opportunity to invest in Bitcoin years back and refused to invest I was there before and it affected me negatively.

Most times, regrets are not the way to go about most of these things that happened to us at some point in our life's. You might be busy reminiscing on your past errors that you fail to realize the opportunity right before you. Is this the end of growth for bitcoin, I believe the answer is no and yet, some persons don't own a Satoshi yet! It's another thing to be regretful about in the later future should steps not be taken now.

For most persons, they weren't aware or financially capable as the value and what it took to earn a dollar isn't what it is today. Should we look at it this way, should time be revised and you had not the knowledge you possess now, I don't see how you would be making a different decision than you did a decade ago.

Everything you did at certain points of your life is the only thing you could have done at that time. Your no fortune teller to look into the future. You can only try and make predictions but, hardly will your predictions play out as predicted. It's life and investment. Let your experience lead you and no time for regrets.

7 years ago I had the opportunity to invest on Bitcoin but I lift it and was investing on one shit coin using the DCA method and I did the investment for 3 years but I later lost everything I couldn't pick myself up but I decided to live the past and start a new journey with Bitcoin this year and right now I have accumulated a little using the DCA method Bitcoin will keep growing so don't give up start a new journey today.
 

The market SIKE. Hahaha.

It always has a way of making a fool out of people, especially plebs like me. BUT if you find a DIP and you have disposable income, obviously there's one way to spend it = Buy Bitcoin, and HODL. I believe, currently, we should reach for it deep beneath ourselves and find the conviction to keep HODLing. Don't allow the market SIKE affect your mental sanity. That leads to something that you might regret like those people from 2012 - 2015 who sold their coins.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

We can invest in Bitcoin at any time but stability means if you have a birthday present of $100 you can invest $50 if you don't do anything every month how do you invest? How do you invest I mean if you have some cash monthly or weekly income then it will be very useful for you to invest because every person needs money in their life if I don't have cash income then I am on my birthday  I immediately started investing the money that I get, I am forced to withdraw when I need it, so if you do tuition or do some work besides your studies, if you can invest from there every month, it will be very good for you. But I don't mean that you can't invest the money you get on your birthday but if you can invest with long term plan then definitely you can invest but if you are working in some other job besides studying then every month from there.  You can invest a time and you will see that you will get a lot of profit. So in the case of Bitcoin investment, if we can invest with a long-term plan and check the market, we can definitely achieve a lot of success with Bitcoin investment. If we are not motivated to invest in bitcoins little by little then it will be seen that the small amount of money will be quite a good capital in bitcoins. Day by day people are showing more interest in bitcoins and the popularity of bitcoins is increasing so everyone should invest in bitcoins who are bitcoins. Know about or aware of Bitcoin. Bitcoin has changed the fortunes of thousands of people surely Bitcoin will change our fortunes if we can invest properly.

That's literally a clear example of maturity.
I just read through the whole convo and this is nothing but a big misunderstanding which JJG was simply tryna correct and there was absolutely no need for Briankimp1 to overreact over the whole thing, because i clearly didn't see anything wrong with what JJG said or how he responded.

This crypto/bitcoin misconception is now common amongst lots of several enthusiasts and they don't even know just how wrong they are, and sometimes when someone tries to correct them, the correction sounds offensive, and I believe that's just what conspired here.
But it shouldn't have been allowed to escalate to this point.

That's just too much mate, that doesn't look like how a person would talk to someone he looks/ed up to, because you're the one I see who's behaving high and mighty here and misunderstanding a simple correction that's given to you.
It's okay to feel bullied when corrected by a person superior to you but that doesn't mean you need to respond in such a repulsive and insulting manners, it's only normal for you to tender a formal apology to JJG, inasmuch as I'm pretty sure he didn't take any of this to heart, I still think it'll be fair to apologize and let the whole thing slide.

What most fresh account haven't realize is that it would be difficult to grow on the forum when we can't look pass some issues. I think I should use the word tolerance. There are most times I make massive mistake like post error or others, then I receive so many corrections which some a little bit offensive. I dare not reply anyone trying to counter their statement because I have learnt my lessons in my early days here. The best thing to do is to take corrections (whether offensive or not), make a decent reply (if really necessary), and move on.

I can't say that anyone is better than the other on this forum, but take a look at how some of these higher ranked members ( like Hero, legendary, etc) create and reply to certain threads, you will observe the level of information they've gathered over the years and how they've become experts. As a newbie to the forum who primarily wants to grow, I try to read some of their written text because of the amount of information it contains. I wouldn't want to be ignorant, thereby assuming I know so much and still not grow. Rather, I will humble to gain more knowledge Inorder to grow. This should also be applicable to those who supports.

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Your wrong to think that the reason people panic is cause they don't have a stable source of income, rather why people would easily panic is when they invest more than they can afford to leave in bitcoin or above their discretionary income, let's not forget taht any amount put into bitcoin should be considered gone untill your investment has mature and that can be up to 4 years or more, so that why it's best to invest out of your disposable or discretionary income to avoid easy panic or fear.

I'm quite surprised at your reply and fact that your so easily forget that we are all here to learn, I don't thinkthat there is anyone of us here that is more knowledgeable than Jay in this thread and if you really want to get something then you have to humble your fucking self, I believe you have also meet some annoying teachers in your classroom when you were a kid, I must ask how did you handle them?, by stop coming to classes, then your the pathetic one here, a little insults and your feed up and want to leave, it's fine then leave and when ever you face some issue don't come crying back.

Most importantly this is a social community and you must find all kinds of people here, let's forget the fact taht it's Jay, any other person here could hurl insults at you too and that should be expecting, well I'll just tell the best thign.
Develop a thick skin to such things and move on, Jay is not at fault here, you were the one who made the mistake and if you didn't notice that's is like a big crime here with the penalty of insults  , so bro suck it up and grow.

@JJG is a leader, a reputable and respected member of the forum, so there is no need for him to be engaging in an unproductive argument with a newbie who is still trying to grow in rank but chooses to do it the wrong way. As a leader he has demonstrated what's expected of him and I really applaud him for his response and composure, that show his level of maturity.

My advice to people who post in this thread is that, don't be too proud to accept corrections when you are going wrong, no matter the tune you might perceive the corrections. People who don't care about your growth won't even care to advise you when you are going wrong. Secondly we have to understand that written words and spoken words hits differently, it could be that the person who is correcting you didn't mean any harm when writing his post, and he is doing it with love in his heart, but you that's at the receiving end will interprete it differently when reading it. People should just understand that unnecessary outbursts in a public domain is not a good thing, it will only make people think bad about you.

Actually he don't need to feel bad regarding on what words he receive if he really want to learn but instead he should learn to correct his self towards what has been discuss. Its normal to get hurt but what he need to do is to bounce back so by next time he try to contribute on the discussion then provably he can give the best suggestion or answer from the post in the thread. We just need to be a good listener/reader to improve and its good that @Briankimp1 apologize so maybe there's still a hope that everything will be corrected. I believe he just made that post since he's emotion is so high and just want to release his frustration.

For @Briankimp1 bounce back man for sure we can learn a lot by sharing our opinions here although there are times that we commit mistake but its good to be corrected since that means there are many things need to improve.

I like the way you responded to @Briankimp1; it shows you are truly a leader who wants everyone to be at peace and improve on this forum. I believe your response will make Briankimp1 take back what he said to you because he will still see you as a man to look up to.

That's true allot of people has air their view he that has an ear let him hear , just that we must have it always that perception of people differ many see correction as the worst thing to happen to them and resist it when ever they sees it but those who accepts it no matter the source grow higher and unlimited why then who always felt they are above correction get stock along the road all time. No body is encyclopedia of knowledge the forum is to learn share idea correct and passed any helpful information despite hold it buy with any strategy this things must paly for you to sustain the courage and achieve the dream of the holding.

I am not too excited about the idea of changing the name of a thread like this, especially after 452 pages of posts and more than 5 years of active posting in the thread - even though it seems that members participating in this thread are seemingly coming around to being more receptive to the idea of DCA over Buying the Dip and sure we compare lump sum investing (and front-loading in there too) and sometimes they write posts and seem to forget that buying the dip is one of three decent strategies

- even though I am likely going to argue until I am blue in the face that buying the dip is not a good starting strategy for a no coiner, but also may well not be a good strategy for a low coiner, unless the low coiner started out with something like lump sum and/or attempting to front-load his investment.. but merely front-loading might cause him to no longer be a low coiner, which becomes part of the justification towards giving more emphasis towards buying the dip as a quasi-beginner strategy.


I guess we are breaking up, then.

That is too bad.   

But anyway let's get back to the main discussion, keep posting as you have in the past. Because mistakes are bound to happen in human life, so look at it with forgiveness. Let's get back to the main discussion of Bitcoin and how our investment will survive long term.