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Topic: Buy the DIP, and HODL! - page 177. (Read 134406 times)

sr. member
Activity: 476
Merit: 435
July 10, 2024, 04:50:28 AM
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.
knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins
I don't have a problem with investors talking a little break from investing in bitcoin due to personal reasons, or the fact that they may consider that they have gotten a reasonable amount of stash in their portfolio. But if the reason is to go and research the the market to know the reason for a down trend, that's where am not too comfortable with and I don't support that. Long term investors has nothing to do with whatever that's causing down trend in the market. We are quite aware that things like this do happens and our own is just to continue with our buying. Let me ask you this question, what exactly are you hoping to achieve when you finally know the reason for the down trend? Why put yourself through the psychological and emotional stress by researching the market? Personally I don't always care to know what's causing any down trend, provided I'm engaging with my DCA. And when the down trend reaches the level I already projected for myself before time, I utilize my buy the DIP strategy and move on.
full member
Activity: 560
Merit: 161
July 10, 2024, 03:38:34 AM
buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.
You must not wait for the market to go dip before buying bitcoin, any one waiting for the market to go dip it means the person doesn't understand how bitcoin works. If eventually the markets goes dip it is a good thing to buy and never to miss the opportunity but waiting for the market to go dip can be seen as greed, lack of understanding because you can't predict the market. It is possible when one buys the market can even than what you expected,  and the increase is a gain. When you buy bitcoin their will always be an increase, I don't see any reason to wait for the dip to occur to buy bitcoin. One thing I know for sure is that the dip is something that should never be miss when it occurs and should not be a reason why one is waiting for to invest in bitcoin first because it is unpredicted.
full member
Activity: 182
Merit: 131
RATING:⭐⭐⭐⭐⭐
July 10, 2024, 03:30:40 AM
My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.
Yeah ready understand not to get obsessed with goals one may or may not be able to reach, when I started my bitcoin journey at first my goal was to accumulate till I have gotten myself some good bitcoin stashes like 4 BTC , but as time goes the began to increase and the chances of me hitting that goal was reducing also , but still I continue to strive till bitcoin got to this point, so I have to make some adjustments because if I continue with my previous goal I may endup being discouraged because bitcoin price may keep increasing, so I have to set a goal that won't take much years to hit , like for example I can set my first to be 0.5 BTC and if by any chances I endup hitting it I will increase it to 1 BTC which is my goal for now and after hitting I may decide to push further by adding more stashes. May be at that time I will focus on using lump-summing and buying the dip method to purchase.

Sure it might not be a bad idea to keep in mind some quantity of BTC that you would like to reach at various points in your bitcoin journey, yet for me, I tend to think about more concrete goals that I am able to reach that might involve ways to calculate your disposable income and then have amounts that you are able to invest within your disposable income in the coming 6 months to year, and surely even within the concept of disposable income, there are ways to be creative with that - which might involve something like making sure that you buy bitcoin every week (or some other period) no matter what, and surely there could be some ways that you might be able to incorporate buying the dip into your already existing accumulation system, yet lump sum buying largely relates to coming across extra money at various points in the year, and surely if you already have bitcoin buying systems and even bitcoin buying thinking in place, then you are likely in a much better position to incorporate lump sum buying with any extra cash that might end up coming in your direction.  One of the great things about receiving some kind of extra or surprise payment is that it can facilitate your being able to employ some BTC buying techniques that might have had previously been outside of your normal routine.. so guys who had previously been blowing their bonuses or buying stupid things with their bonuses, if you have a BTC buying plan in place, then receiving bonuses all of a sudden creates bitcoin investing opportunities for you that you had not previously considered as empowering.
Of course, when it comes to the BTC accumulation, being well organized even from the theoretical standpoint can make you feel surprisingly powerful. It creates consistency and discipline in the investment plan by determining the disposable income and the portion set aside regularly to invest in BTC.

Being able to incorporate the idea of buying the dip additively into your regular accumulation plan is even more of an improvement to the strategy. It offers an edge by leveraging on lower prices when they are available, although your basic strategy is not solely pegged on DIPs, which may be unpredictable.

As identified, lump-sum buying can therefore indeed be a strong addition to the normal BTC buying plan. It also helps when you receive some amount of money which is not expected, for instance bonuses and other forms of windfalls, one already has a BTC investment plan that is followed as opposed to going on a spending spree.

These methods simply become a part of your planning, execution and schedule, at some point helping you lock your investments and at the same time leverage on possible opportunities most people probably won’t even notice. This is a forward looking strategy that places you in a much better situation of reaping from Bitcoin’s long term prospect
legendary
Activity: 2898
Merit: 1823
July 10, 2024, 03:23:30 AM

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.


Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

sr. member
Activity: 476
Merit: 385
Baba God Noni
July 10, 2024, 03:19:06 AM
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.
knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins
Taking a break will slow down your bitcoin target which is not a wise decision when trying to build your bitcoin investment as a brand new investor or a low coiner. This is why you must prepare for all possible case scenarios which is the good and worst case scenarios. A new investor needs to plan properly to make sure that he uses part of his discretionary income to buy bitcoin that will not affect his regular buying weekly or monthly so that he can always buy his bitcoin as budgeted. Consistency and persistence is very important when you are accumulating bitcoin no matter how small the amount you are using to buy is. If you stop buying because bitcoin if pumping or dumping means that you are not serious in accumulating more bitcoin fast.

No one can predict the price movement of bitcoin and that is why you are to invest in a long term using DCA to constantly buy irrespective of the price of bitcoin to enable you have a good size of bitcoin stash overtime. You can continue with your DCA regularly buying and at the same time re-access your buying pattern but not to stop buying. Only investors who have a good size of bitcoin portfolio can stop buying at a certain time because the price of bitcoin is high but they will always want to buy when the price of bitcoin dips because that is when they will buy in discount price.

A new investor is just to keep buying for 4-10 years and above. Bitcoin investment is for the future and the size of your bitcoin investment is what matters a lot because that is what will determine your profits overtime.
sr. member
Activity: 826
Merit: 460
July 10, 2024, 03:07:57 AM
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.
knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
July 10, 2024, 02:32:12 AM
First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

edited
"Only buy something that you would be perfectly happy to hold if the market shut down for 10 years." Warren Buffett.

And that in a nutshell is what investing is about.

A great deal of all of those that consider themselves investors fail to meet its most minimum standards, with most of them being traders, aspiring traders or people that like to burn their money away, but whatever the case, it would be for the better if they stopped calling themselves investors, since many newbies read those kind of claims and mistakenly believe investing requires holding their bitcoin for a very short amount of time.
sr. member
Activity: 504
Merit: 389
The great city of God 🔥
July 10, 2024, 02:17:34 AM
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor sometimes your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Surely the beginning of any investor may quit be difficult considering there level of disposable income expecially when the income generation from salary is not enough. But whatever be the case scenario, we must try as much as possible to start from somewhere and not being procrastinative due to inability of having a nice discretion before starting, maybe along the line we may be lucky enough to increase our disposable/discretionary fund,  to be able to buy the dip and lump sum and not only DCA.  even though DCA may be more preferable than others but all strategy works together to aid the accumulation process. because it is the most important thing in bitcoin accumulation and can never be neglected.

Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping

Although bitcoin may not be easy to predict due to its price fluctuations, wether high or low volatility our concern should be focused on accumulating more. Hence if others can accumulate alot of stashes in their portfolio I see no reason to think about the price of bitcoin.
sr. member
Activity: 616
Merit: 414
July 10, 2024, 01:04:34 AM
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
July 09, 2024, 06:22:25 PM
My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.
Yeah ready understand not to get obsessed with goals one may or may not be able to reach, when I started my bitcoin journey at first my goal was to accumulate till I have gotten myself some good bitcoin stashes like 4 BTC , but as time goes the began to increase and the chances of me hitting that goal was reducing also , but still I continue to strive till bitcoin got to this point, so I have to make some adjustments because if I continue with my previous goal I may endup being discouraged because bitcoin price may keep increasing, so I have to set a goal that won't take much years to hit , like for example I can set my first to be 0.5 BTC and if by any chances I endup hitting it I will increase it to 1 BTC which is my goal for now and after hitting I may decide to push further by adding more stashes. May be at that time I will focus on using lump-summing and buying the dip method to purchase.

Sure it might not be a bad idea to keep in mind some quantity of BTC that you would like to reach at various points in your bitcoin journey, yet for me, I tend to think about more concrete goals that I am able to reach that might involve ways to calculate your disposable income and then have amounts that you are able to invest within your disposable income in the coming 6 months to year, and surely even within the concept of disposable income, there are ways to be creative with that - which might involve something like making sure that you buy bitcoin every week (or some other period) no matter what, and surely there could be some ways that you might be able to incorporate buying the dip into your already existing accumulation system, yet lump sum buying largely relates to coming across extra money at various points in the year, and surely if you already have bitcoin buying systems and even bitcoin buying thinking in place, then you are likely in a much better position to incorporate lump sum buying with any extra cash that might end up coming in your direction.  One of the great things about receiving some kind of extra or surprise payment is that it can facilitate your being able to employ some BTC buying techniques that might have had previously been outside of your normal routine.. so guys who had previously been blowing their bonuses or buying stupid things with their bonuses, if you have a BTC buying plan in place, then receiving bonuses all of a sudden creates bitcoin investing opportunities for you that you had not previously considered as empowering.
sr. member
Activity: 476
Merit: 299
Learning never stops!
July 09, 2024, 06:08:50 PM
buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

For a newbie buying the dip shouldn't be their main focus, just DCAing their way into profit is the right approach...Fine! Dips can be bought along with the DCA plan without any hinderance if there's a disposable funds for it without neglecting emergency fund,for example now is a good time to Buy the Dip but with DCA newbies don't need to worry about any dips because it covers either " Dip  or not " market.
Quote
You don't expect a newbie that does not understand how the system works not to be worried about the price of Bitcoin
I'm used to saying this a newbie should ask his/herself  that I'm I in for a long term or short term ( the down won't hit hard at some point)...
sr. member
Activity: 602
Merit: 263
July 09, 2024, 05:33:36 PM
My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.

Yeah ready understand not to get obsessed with goals one may or may not be able to reach, when I started my bitcoin journey at first my goal was to accumulate till I have gotten myself some good bitcoin stashes like 4 BTC , but as time goes the began to increase and the chances of me hitting that goal was reducing also , but still I continue to strive till bitcoin got to this point, so I have to make some adjustments because if I continue with my previous goal I may endup being discouraged because bitcoin price may keep increasing, so I have to set a goal that won't take much years to hit , like for example I can set my first to be 0.5 BTC and if by any chances I endup hitting it I will increase it to 1 BTC which is my goal for now and after hitting I may decide to push further by adding more stashes. May be at that time I will focus on using lump-summing and buying the dip method to purchase.
full member
Activity: 266
Merit: 180
cout << "Bitcoin";
July 09, 2024, 03:35:35 PM
The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.

I have read through your replies to every opinion. They are educating, and I think this particular one catches my attention the most.

Few people have suggested the idea of taking a break from Bitcoin investment, which I can't really support, because I see no reason why someone who is using the DCA strategy should take a break, when he/she might have not started accumulation early, and current accumulation isn't that massive.
I think the right phrase here is actually " to reflect ". To reflect on yourself/finance is not something that is done on a daily basis, but at a specific time(maybe beginning of a year, or every three/six months interval). To reflect on ones finance should be done at a quiet time, when you have to sit yourself down, and begin to question yourself (checkmate) on:

1. How well are you managing your finance?
2. What have you been buying most?
3. Has your spending increased?
4. Has your monthly/weekly income increased?
5. Is there a way you can increase your income?
6. Is there a way you can increase your investment funds?
7. Are you making progress at all in your accumulation?, etc.

By asking yourself these questions, you are already taking a break, inorder to restrategize, and make adjustments that will give you a healthy investment plan for the next phase(maybe the coming year, or months, or weeks). When these questions are asked, you should be able to identify the difference between your needs and wants, thereby cutting off your spending habits inorder to give room for more accumulation.
sr. member
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July 09, 2024, 03:32:30 PM
But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

You don't expect a newbie that does not understand how the system works not to be worried about the price of Bitcoin when he or she wants to acquire the asset, although price check sometimes discourages individuals that are ready to embark on the journey, a newbie at first sight doest not understand what Bitcoin price fluctuations is all about until he get involved, you understand what the uptrend and downtrend of bitcoin is because you are aware of bitcoin concept, although your advice is in the right direction but intending investors will panick or be afraid because they aren't conversant with the market, buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.
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July 09, 2024, 02:59:26 PM
Buying the dip doesn't necessarily mean collecting profits in a flash. There are times that a dip takes a long time to recover from, and I think it's not a smart move to get your funds inside a highly speculative asset if you are short on cash and you can't take the risk. In the case of bitcoin however, buying the dip is, most of the time, a smart move given bitcoin's ability to bounce back no matter how sharp the decline was. But then again, one must still allocate funds correctly on investments and other personal matters in order to not get in a tight situation should the dip prolongs and falls further.

Already a learned Investor would understand that bitcoin investment isn't a short term system to earn quick incomes but to hold and hodl until the price increases and then you can decide if you're in a better position to keep holding in expectant of securing more profits ahead or you're good with the little profits you've made.
Then, holding further would ignite you that the current rise of the market may possibly fall to Dip and then with time it begin to pump higher again.
Buying and holding at the Dip requires investors readiness to equip himself with other sources of financial sustainability in other to keep a balanced emotions as it may feel unwise at some points watching your assets loosing value and yet having the guts to buy more and holds.
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Self-Custody is a right. Say no to"Non-custodial"
July 09, 2024, 02:09:57 PM
[edited out]
You've nailed it, my friend, many will just be running their mouths about Bitcoin investments but will never be reasonable with it, only to repeat what they can commonly read online. To DCA or whatever approach you use to invest is a thing, but to have your investment plan after the approach is another thing and both have to be considered before an informed-investmenet can be made.

Why DCA when you know you will divest pretty soon? It is only a dedicated HOLDer that such an investment approach will fit. Also, the most driving force to HODL will be your trust in that particular asset you want to invest in, not because you see people doing it or you are just making some random investment like most people do. You can see this kind of trust in some people like JayJuanGee here when it comes to Bitcoin. Such people may not even care to hold it for decades. I envy the spirit but it could have been easier for me too if I bought Bitcoin at a deeper low.

You are likely correct in your presumption that I maintain a bit of trust in the long term performance of bitcoin, yet I still doubt that I am engaging in a blind trust or even expecting that either I or any other member should invest into bitcoin with blind trust - so frequently I continue to talk about position size and even preparing for possibilities that your investment into bitcoin could go down to zero.

Accordingly, in the earliest years of investing, there may take a bit of a commitment and persistence that involves continuing to invest into bitcoin, even if the holdings might not be in profits for some of that time, and so each of us still has to figure out how much of our discretionary income that we would want to put into such an investment that may or may not end up recovering.. so how much are we willing to lose, so in that sense, I might not be overly trusting in bitcoin, but instead trusting that if any of us creates an investment practice in which we are truly ONLY investing with money that we could afford to lose, then we are not going to preoccupy ourselves in regards to whether we are in profits or not in the first cycle or so.. and yeah none of the persistence is easy if your holdings might not be in profits, so the ability to continue to buy is a bit of faith that the asset (in this case bitcoin) has decently good chances of recovery that will put you back into profits, and even if the asset might not get back into profits, the whole investment is worthy in the sense of what bitcoin stands for.

Regarding your starting out your bitcoin investment journey by buying on dips or feeling good about your entry point, that may well be the sentiment of a trader rather than an investor.

Surely everyone would prefer to be in profits, so if you buy on the dip or you have a lower priced entry point, then you increase your odds of being in profits from the start of your investment, yet surely from my own point of view, from any price point, frequently it is way too difficult to figure out whether or not there is going to be any further dip, so I place way more value in both getting started and also getting started as soon as possible (in order to prepare for UP) rather than fucking around with ideas about whether your entry point is good or not.  Sure, you can hold some extra money on the side for buying on the dip, but from my point of view, you gotta prepare for up, and the only way to prepare for up is by buying some bitcoin, which if you are just getting started, you just enter at whatever the BTC price happens to be... and then at least you have some skin in the game and you can tailor your subsequent strategies from there, but at least you have some level of preparation for up if you have at least started out by buying some, even if the price might end up being at or near the top (which with something like bitcoin, you cannot hardly know whether you are at or near the top either).

Like for me this BULLRUN ain't my target , is just a form of encouragement to keep pushing and accumulating. Till I have gotten to my fuck you status ( point of having enough Bitcoin stash). Because this isn't the only bitcoin we are gonna experience, there more to come . So I'm literally preparing for the future, because bitcoin investment is all about the future and bitcoin we keep on growing over time , to be frank I didn't started my bitcoin accummulation on time , so I have not gotten to my target yet, my target now is for me to have more than one bitcoin, due to bitcoin recent prices it won't be easy to get there just like that so it may take years before getting to that point and don't forget bitcoin price wait for no one .

Of course, we have likely talked about this very subject previously, and I think that we determined that anyone getting into bitcoin now would probably need to accumulate somewhere in the ballpark of $200 per week for 10 years in order to have decently good chances of getting to 1 bitcoin in 10 years, and so maybe someone who might have started in late 2022 or early 2023 might be able to get close to 1 bitcoin by continuing with at least $100 per week in bitcoin for 10 years.. maybe?

Even the guy who started investing $100 per week starting in December 2022 would have invested right around $8,400 and would have had accumulated 0.26 BTC, so surely not a bad place to get more than a 1/4 of the way to 1 BTC in less than 2 years - even though difficult to know if the BTC prices will stay down low enough in the next 10 years to finish accumulating the remaining 3/4s in the next 8+ years.

My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.

Though marrying a rich wife doesn't even guarantees your accumulation process. You may marry a rich wife yet she may not be supportive to help you in the accumulation process. Where it could have been better is when both of you have thesame zeal and passion or desire to achieve the goal of a regular DCA acculturation. A rich wife or no rich wife, DCA and long term investment is a personal choice or decition which is not a must that your partner must be in the scope of your plan. If your partner happens to support your vision of long term investment in bitcoin it is good for you. But it is under probability for a woman to support your bitcoin journey because they are not always patient, they always need sharp investment that will yield profit in a short period of time. that is why most of them can not invest in Bitcoin. Just bear it in mind that the journey of your long time investment relies on you and not on her. Surely marrying a rich wife might be problematic sometimes, in terms of investment. and marrying an average girl may be helpful in time of being supportive I.e (vise versa ). But the truth of the matter is that we should not expect them to have thesame though as we do, but we should do what is necessary without any form of  distractions because any distractions can reck a man's dream of buying and HODLing for a long time.
But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

Surely you say some of this in jest, yet we know that sometimes folks will jump through various hoops to try to get what they want, and sometimes a bit of creativity might be needed in terms of what resources that we might have available to us.

Another thing is that many of us might get into relationships for the wrong reasons, and then that ends up being quite a mess, but we still have to deal with the mess - and hopefully not devolving into too many morally reprehensible behaviors in order to get what we want and to build the life that we would prefer to have.

You must remember to keep bitcoin stashing strategy with buying on dips to take profit as long term holding can protect your margin while also taking high profit.

You make a lot of decent points in your post laijsica, yet this last point seems to lack quite a lot of focus, since you seem to believe that trading is a way to accumulate more bitcoin... so you are mixing up trading and investing and so it can be quite problematic to be thinking like that... yet I know that a lot of folks keep those trading tendencies to be included in their ideas about bitcoin.. which may or may not end up working out.. especially if you are trying to suggest trading as a solid and basic principle without first providing some parameters or limitations or even some guidance how some guys might not end up fucking up their whole investment if they end up making a mistake of selling too many bitcoin too soon or if they also might devolve into leveraging their trading practices rather than staying focused on accumulating through buying rather than getting distracted into believing that they can accumulate more and better by including selling into their ways to try to get more BTC... your inclinations to trade or sell surely seem problematic to me.

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.
That's a wrong mindset mate, the only one can take a break or decided to stop accumulating as an long-term bitcoin Investor is only when he or she has already gotten themselves a nice bitcoin stashes. As an bitcoin Investor taken the bullrun as a target of selling your bitcoin stashes when you haven't gotten some good stash of bitcoin or haven't hitting yah accumulation goal ( when you have gotten enough Bitcoin stash ) is wrong same as accumulating during the Bear market alone. Alot of folks as been into bitcoin for long and they have experience alot of bearish and bullish market but still they kept holding, despite not having any guarantees they kept on holding because they believe in bitcoin.  And they know why it can do .
The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.
not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.

First, you should be thinking 4-10 years or longer and not "next few years," and also (second) if you are so fucking worried about how much you invested into bitcoin and that you might lose it, then maybe you need to invest less so that you are not worried.

Getting all worked up about price drops (whether in your early years or not) may well be a sign that you have overinvested which means either you need to invest less or you need to sell some of the amount that you already invested so that you are not as worried about if it goes down or not.... including that in the first 4 years or more if you are mostly buying, then you could buy small amounts and hold out some amounts for dips, or you can just blindly set some kind of a budget so that you might be regularly buying (I personally like weekly buys for the first cycle or so), and then reassess where you are at after a first whole cycle or maybe a cycle and a half.. and at the same time, surely you can set up systems to monitor along the way, but maybe in the first whole cycle or cycle and a half you may already know that you are mostly going to be focusing on accumulating BTC and not worked up about if the BTC price might be up down or sideways... which includes not giving too many shits about your average costs and/or if you are in profits or not... yeah sure, all of us would like to be in profits, but I doubt that it is very helpful to be too worried about your level of profits for the first whole cycle or first whole cycle and a half.. and yeah hopefully it all works itself out so that you are in profits down the road, but none of it is guaranteed, so you just need to put good practices into place so that you can accumulate bitcoin regularly, consistently and persistently, and there may be folks who outperform you, but you should also not get too worked up about that as long as you got your own systems in place that are tailored to your own finances and psychology and your various personal factors that fit in those categories (9 of them, perhaps?).

✨ Billionaire Pantera CEO Dan Morehead ignoring the FUD and buying #Bitcoin   , exactly 11 years ago. here
He bought 30,000 BTC for $65, and is up 80,000% – all because he bought the dip 👏

Dan Morehead bought Bitcoin 11 years ago, it's really mysterious and currently reaps huge benefits. Here you will know how profitable deep buying is and the importance of long term holding. So this opportunity is there to invest and hold for long term.
Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying? We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k which means expecting more DIP may not be achievable but instead Buying at the current price now can still be considered a DIP price in the next 10 years when the price must have climbed to a very high price
Buying bitcoin during DIP doesn't necessarily mean that you purchase a whole Bitcoin. If you want to buy during DIPs and the funds is not enough  to purchase a whole Bitcoin you can buy with funds avaliable.  Let's take for instance I have $1,000 available to buy during DIPs and the price of Bitcoin is $30,000, with calculation of $1,000 to $30,000 will give 0.0333 worth of  bitcoin, and when price bitcoin starts going up to let's say $40,000 your purchase increases by 0.0333 × $40,000 will be $1,332. If an investor planned for a dip and it occurs there is no need to wait for price to continue declining to a desired level which might not happen, take advantage of that moment with funds available, with a long term perspective the benefits will yield.

I appreciate your attempt to provide an example EclipseXcrypto, but you should be attempting to provide examples that are a bit more realistic, and maybe starting from our current price rather than prices that may never happen again... and also those prices that you listed are between 30% and 50% below current prices, so it becomes a bit more difficult to relate to what you are talking about or what you are trying to say in currently realistic and applicable terms.

Sure, even if you choose current prices, you still might end up coming up with scenarios that are not very realistic, but at least you would be starting from a current prices base rather than staring out with seemingly fantasy bitcoin prices that currently are not in play.

Maybe you are either caught in the past, or maybe you are subliminally trying to suggest that we are going back to those BTC prices.. which again, does not come off as reasonable or fair starting points to provide such examples, une\less maybe you are talking about history rather than current, but it seems to me that you are suggesting what someone currently might try to do to prepare his own BTC accumulation or his own BTC portfolio management.
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July 09, 2024, 01:16:57 PM
But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.
not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.

Well said, Mate.
It normal for fear, worries, to kick in. As an investor, Bitcoiner, The greatest power we have is Self-Control of which if one can't control his emotions then such person will literally fail at whatsoever he does.

You need not Panic, even as a beginner you should accept the fact that you are participating in a game of probability, uncertainty thus we risk within our Tolerance level, set a target or goal applying what we believe will help in our Bitcoin Portfolio building regardless of any market conditions and not afraid of losses....As simple as this but discipline above all.

This is a time to accumulate more, the Dip price most persons were anticipating is now present, so get busy about just building your Portfolio, rather than about how Price fluctuate. Your Bitcoin is intact...
sr. member
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The great city of God 🔥
July 09, 2024, 11:29:32 AM
I am certain that many do not capitalize on this dip opportunity and have chosen to remain in doubt about whether to buy now or wait a little for it to dip which is very wrong to do so. This is the time that knowledge truly pays only but a few will be able to understand.

Are you sure about this statement?. Assuming my DCA strategy is to allows purchase $40 worth of Bitcoin every 10th day of the month, and the price of Bitcoin went down to as low as $56K/BTC on the 1st day of the month, and I decide not to buy on that first day, but rather wait until my normal time(10th day) due to financial constraints(like salary delay which is a common thing), and other reasons. Does that actually mean I don't understand the knowledge behind dip, or I just don't want to capitalize on the dip?.
From the conversation between both of you I think you know much more about it, just that you are trying not to put yourself under pressure of taken loan to buy the dip when the due date has not yet reached. And Morover there is always an opportunity to buy the dip, if you didn't buy the dip around the 1st day of the month, you may still buy it along the line. Because after buying the dip when your set date has not yet come, you may still buy the dip more before the actual set date being the 10th of every month so I see that what @stablecoin is saying does not mean that you don't know the importance of buying the dip it's just a misconception. The Most important thing is to always have discretion fund to use and buy the dip or regular DCA in the absence of salary.


Though marrying a rich wife doesn't even guarantees your accumulation process. You may marry a rich wife yet she may not be supportive to help you in the accumulation process. Where it could have been better is when both of you have thesame zeal and passion or desire to achieve the goal of a regular DCA acculturation. A rich wife or no rich wife, DCA and long term investment is a personal choice or decition which is not a must that your partner must be in the scope of your plan. If your partner happens to support your vision of long term investment in bitcoin it is good for you. But it is under probability for a woman to support your bitcoin journey because they are not always patient, they always need sharp investment that will yield profit in a short period of time. that is why most of them can not invest in Bitcoin. Just bear it in mind that the journey of your long time investment relies on you and not on her. Surely marrying a rich wife might be problematic sometimes, in terms of investment. and marrying an average girl may be helpful in time of being supportive I.e (vise versa ). But the truth of the matter is that we should not expect them to have thesame though as we do, but we should do what is necessary without any form of  distractions because any distractions can reck a man's dream of buying and HODLing for a long time.


But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.
I can see you are dramatic @wind fury. Your advice can be deceitful to someone who doesn't know his way about. Despite the way you make it look funny but let's be realistic for once, your advice is problematic, misleeding and can change some people's mind if they don't think in the right direction. This strategy you want to embark on will surely break your relationship. and this is why some people have unhealthy relationships / marriage because of not being transparent. Transparency, trust and love is the criteria that keeps a healthy marriage or relationship going and when you decide to follow the wrong step, it will definitely Leed to distruction.
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July 09, 2024, 11:29:22 AM
Yes not only investing following DCA but investing should have a target for long term. Only when you plan your investments for the long term can you be successful. As most of the people invest for bull run market to get more value but if you invest deep here you can get good profit.
DCA method is best for long term investment. On the other hand to invest in DCA method we should keep in mind that we will hold our investment for a long time. Because if we adopt this method we may be able to buy bitcoins in small amounts and convert them into large amounts once but it takes time. For which those who invest using this method are advised to hold for a long time. We may not all be financially sound for which we resort to DCA in Bitcoin investment to keep ourselves connected to the investment. This is an investment strategy that allows you to accumulate bitcoins on a weekly, monthly or quarterly basis. Even any amount of bitcoins.

Quote
It is best to buy on the dip to make a profit on the investment, but if you buy from here, it is possible to make a lot more profit when the price of Bitcoin increases. But if you plan to invest for a long time it is definitely more profitable so it is better to plan well for the future.
If you are adopting DCA in Bitcoin investing I don't think you need to wait for the dip season. Dip seasons are waited for by those who want to make more profit in a short period of time. But for those who adopt DCA, the dip also brings the best opportunity to buy bitcoins at higher rates.
sr. member
Activity: 518
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July 09, 2024, 10:26:08 AM

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.
I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

You have spoken well but however I don't think @Wind_FURY meant what he said about the kidnapping or looking for rich woman to marry but on the contrary he was just using it to catch some fun or using the statement to make the thread lively which is why at the end of his Statment he drop a laughing Emoji to show that it was just for fun. After all there is no way somebody would even advise people to venture into kidnapping in other to race money, it doesn't make sense, however most people always feel that if they get married there wife or husband will not support or allow them to continue there investment, on the contrary Bitcoin has grown so popular that most families the wife's are even the ones doing most the Bitcoin investment so actually everything is just based on understanding between couple.
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