Topic: Buy the DIP, and HODL! - page 183. (Read 135036 times)

Maybe the reason they go choked on their invest are "Their financial capacity is not really prepared for marriage life set up or They are immature to handle such situation and they are happy go lucky guy" that's why they choked up on their long term investment made with bitcoin.

If they make their selves became financial stable then everything will be sorted out according on what's best thing to do on this matter.

Also if the investor knows how to deal  related to their investments and separate their obligations to their family then everything would provably work out. The most important of all is to explain to your wife that you have this investment and you need to separate a desired amount since you are dealing with bitcoin for long term. For sure everything will be understandable and all will work out if proper discussions will be made.

It is true the marriage can chocked up at the moment but if the investors plan is to invest for a long term and still keep on accumulating more Bitcoin using that DCA strategy to accumulate Bitcoin and continue hodling there will definitely be a moment of joy in the family and both couples by the time Bitcoin price start going high because his Bitcoin investment has yeild out enough profit. Everything is about planning and what you want for your self.

I agree with what you said in this case because after all when we are in and investing in bitcoin actually a matter of status whether we are married or unmarried should not be a reference to whether we can be in bitcoin or not.

Investing in bitcoin depends on the readiness we have no matter if we are married or not because in the end as long as we are ready in the sense of being fully prepared with the planning, strategies that we will do and the consequences that we will get when investing then indeed everything will be fine and can invest in bitcoin comfortably.

Don't complicate yourself too much by making marriage the reason you can't be in bitcoin because I don't think it will be makesense and sounds just a classic excuse to cover up the fact that you are not ready to be in bitcoin.

I found out about bitcoin after I had a partner and until now I am still quite comfortable with the investments I make without hampering the basic needs of everyday life because I realize that it is precisely by the existence of bitcoin and I invest in it that I am more able to manage good finances and limit what I have to do with the expenses I face while preparing for the future so that I can achieve my own version of financial freedom.
 

I understand the angle you are talking about but it seems you are missing some things from the main points of the discussion because what we are actually trying to state or prove is that with a proper planning in Bitcoin investment there is no way marriage will be a barrier on your investment because before going into marriage I believe there are things that should be already in place such as finance and also an income generator, no matter how small it should be provided that is coming consistently.


Anybody that rely on his Bitcoin investment to feed his family after marriage is obviously not ready for the marriage because Bitcoin investment is not an investment you would venture and start expecting daily returns, so anybody that have such mindset in planning to married will actually get himself chocked up in the marriage.

Knowing the fact marriage is an everlasting agreement, the man is expected to take responsibility and at the other  hand bitcoin investment is also there. For example after marriage couple look forward to build a family so mere looking at the responsibility you’ll make every possible effort to find a good job and not depending on your investment, during times like this if an investor have a quality reserve funds I think the reserve funds should stand in the gap and 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.

Of course, due to volatility, we can say it's risky, which means their are some people who makes profit, and definitely others who make loss. We can say it is related to economics, so there is no big deal. Every investor chooses their own level of risk they can manage. There are some investors who invest massively with the knowledge of the risk involve, while others like me and you who chooses to accumulate in continuous small amount, maybe due to financial constraints or other factors. But the most important thing to understand is that we all have our financial capabilities and the level of risk we can manage.


Am not sure if investing in the future should be the right word, but rather investing for the future. Every investor we see now are already doing this for the future, and not planning on doing it in the future when Bitcoin might have surpass $100K. So, every discussion that has been stated in this thread are practically ways of accumulating now, for future purposes.


The whole patience ideology is correct, but I think we might start seeing the need to enforce patience only when we anticipate too much on our investment. When there is too much anticipation towards investment, it becomes a disturbance that sometimes tempts us in tampering with our investment.

An ideal way to make investment, is simply to draft out our investment plans(be it long term from our discussions), and chosing the method (be it DCA or any other way). The long term plan should have a year limit (maybe 8years), depending on the individual, while the method (DCA) should have amount limit (maybe $40/per month).

When all these strategies are in place, there won't be any form of anticipation because a year limit (8years) has already been set, because I see no reason why someone would be anticipating for an investment that he/she would be taking profit from in the next 8years, when he/she is still in the first year of investment.

One other way to kill this anticipation, is to have other source of income like I mentioned in my last reply. With other source of income, you will be able to live a regular life, rather than anticipate too much for an investment that suppose to last 8years or more.


Before marriage seems to be a very good time, but who says you can't do that also after marriage?. Getting married comes with lots of responsibilities, but that shouldn't be an hindrance to one's investment life. Moreover, the person getting married will certainly give birth, which your investment can be helpful to the children just like most people do.

Of course you are right but in other words the reason I believe marriage or the preparation shouldn't affect the Bitcoin accumulation of an investor is that in preparing for marriage it takes a process and not just something they would start overnight and finished it immediately, so before then the investor should be able to figure out a way to keep a certain amount for his Bitcoin accumulation while he is still preparing for the marriage, though we know that in marriage there are a lot of things that involves money but it shouldn't affect his accumulation plan because before someone should venture into marriage he must have gotten some sources were income is coming on a regular basis.

Yea your words gladdens my heart the way you place them which is exactly true, the type of wife or the  choice's we make in marriage affect us either positively or negatively and no doubt about that. Marriage is another responsibility that may affect a man's accumulation process, and if not handled properly it will really affect him. Surely there was a time when a man was not married, and did better in there accumulation process and was unable to do it when the got married simply because they are new to the system of marriage and may be tempted to make their partner happy by spending much on them which may become problematic, because women easily get addicted to how you treat them from the beginning. One of the problem men face is that when they got married newly with a woman, they are too quick to spend much as a kind of showing love and affection and the woman may get accustomed to it and may be a problem when man want to adjust to make his accumulation process a better one. And by them the woman may think the man is not a good man because he chose to adjust. Though there are factor that affect a man accumulate process by the type of wife.
1 marrying a wrong partner who does care about your welfare but only what pleases her
2. Marrying an extravagant woman
3. Marrying a good woman but indirectly currupt her by over spending.

conclusion
My advice is that when you are newly married, don't over spend from the beginning of your marriage if you know you are a holder. Because it will definitely affect you. How it affects you has been explained above. When you start over spending from the beginning without a child, definitely when you both have a child or children you may not be able to accumulate any longer. But if you have learnt to adjust from the beginning even when you have children you will be deciplined to know how you can be able to accumulate without Given up or dip diving into your discretion. because the more you have more children the more difficult it is to accumulate expecially when your source of income may not be as big as you expect.

Bitcoin is definitely risky. Keeping that risk in mind, we have to invest in Bitcoin with caution. If we can invest carefully with a plan, we will definitely get a lot of profit from the investment, which will make us more interested in investing in the future. People who are new to investing in Bitcoin may not understand very well by making short term investments due to which they face a lot of losses due to making short term investments so we should always have a long term plan in Bitcoin. Many times it is seen that many investors can't control their patience so patience is very important when it comes to Bitcoin, we must not lose patience, we have to invest patiently. As you said that you can definitely save a lot of bitcoins before you get married but it is true because when you get married you will have a separate expense so you can definitely save a lot of bitcoins before marriage. But if you are bitcoin experienced then surely you can get substantial profit in bitcoin investment at any time if you can invest bitcoin at right time.

To get most of the benefits of sticking with DCA, buying dips is a relative boost that happens with regular bitcoin deposits. You can call this the beauty of dumping which may not happen again and again. There may be times ahead when you will not get the dips price as you got now. Your investment cannot be just for daily profit. You have to hold longer and run several rounds to get the reaction of gradually accumulating bitcoins. A few days of dumping trends can take the opportunity for small depositors to accumulate more bitcoins, giving them the opportunity to build more stacks. You should keep in mind that the market conditions will not always be in your favor and you should keep more holdings. Even though the price of Bitcoin is volatile, you should keep yourself steady in holding which will allow you to get high profits and be a successful Bitcoin holder in the future.

We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.

Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.

People who sold there Bitcoin when it was on dip really do not understand how the Bitcoin market works and are not investors any body coming into Bitcoin should have the mindset of a long term investment, involving one's self in a short term investment or becoming a Bitcoin trader is very risky, those who sold in the dip were obviously Bitcoin traders.

If anyone is joining Bitcoin investment I will advise you have two sources of income it helps a lot especially when you have a lot of responsibilities and please when you are still single be more aggressive in your Bitcoin accumulation so before you get married you would have accumulated a lot because marriage comes with a lot of responsibilities which may reduce your investment percentage on Bitcoin.
A lot of people that sold even on dip may be out of pressure from family responsibilities and that is why you should be careful the kind of partner you get married to some partners will make sure all your investment are being sold out just to keep up with there lavish lifestyle as an investor you need to marry someone that will support your dream and be able to cut down his or her expenses as not to run you down.
A friend of mine said one should marry what he or she is this means that marry your kind of person if you are the kind of person that always manage his or her expenses marry someone that also those same, check your partner very well before saying I do.
Without a peaceful home is impossible to hodl your Bitcoin investment for a long term and that is why you see some people selling at the dip instead of Accumulating more.

When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.

I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.

I don't know how it may sound if I suggest that: we should all get at least two source of income. An exception to this idea is when you have a single buoyant source of income with good income, and could probably cover so many expenses including your investment funds for a period of time. My reason for suggesting this idea is because, having a single source of income that is not buoyant could possibly have effects in our long run investment. Take the marriage and raising of family as example, that is a completely different life style that comes with a lot of responsibilities. Your monthly budget is multiplied, as they are more stomach to be fed. But when you happen to have multiple source of income, the financial pressure would be absorbed a little, which might possibly not change your investment plan in any way (whether DCA or any other).

Just like I said earlier, having multiple sources of income is advisable, except your only source of income is buoyant enough. Not sure if buoyant is the right word, but I hope we all understand what am trying to say.

And again, having multiple sources of income can be quite difficult, especially in countries were unemployment rate is very high. But I think we can all give it a try by looking for, or creating for ourselves. But we must never introduce greed, so we won't be worn out at an early age.

From what I understand, it is based on the financial strength of that individual before marriage. If he is an average earner, he will have challenges at first after marriage with meeting up with his regular DCA that he does weekly but that does not mean that he cannot continue after he has sort himself out from his new responsibilities of having a wife.

However, if the person is rich, I don't see why marrying a new wife will be a barrier in his bitcoin journey or slow him down because he has enough funds to take care of additional responsibilities. The size of your family will also determine the pace at which you will use to accumulate bitcoin regularly.

I do not really see much challenge here because the essence of making investment is to be able to solve personal problems from the proceeds of such investments and we in this sphere chose Bitcoin so it will not be bad seeing that someone is able to get married and raise a family through the part of the proceeds of his Bitcoin investment. What I see that is bad is selling off ones entire Bitcoin to use the money for marriage ceremony. This is bad because marriage bring additional responsibilities so having investment in Bitcoin will be a wonderful leverage.

Like you rightly said, marriage should be planned properly in such a way that it does not hinder the investment even though it might require adjustment of the DCA amount by pushing more funds  from the DCA money to the reserve funds to accommodate the marriage and family requirement. As long as the DCA method is running smoothly even with reduced capital, I feel it is fine.

If not planned properly, marriage life brings about additional responsibilities that might affect the finances of a newly married man, also at my country, a lot of money is expended in the marriage execution processes that the man takes some time to recover from. It might reduce his accumulation strength, but if he has a very strong source of funds, then he would just continue without any altercation in his accumulation strategy.

Marriage is a beautiful thing and such that makes men more responsible and plan ahead to be able to meet future goals but let's not forget that marriage isn't always as sweet as it appears, the spouse you marry matters a lot and the level of peace in your home can either boost your activities or reduce you as a man. When you marry an extravagant wife, you might not be able to meet up with your proposed activities because your wife is an important part of you that you can never neglect, and her actions might be eating deeper into your discretionary funds. So, this your description is solely for those that married the right and supportive wives. Their wives boost their confidence in doing the right thing and even helps him save more to invest in bitcoin as they are dedicated to securing the future together.

The current market may be a lesson for many investors who have been disillusioned by Bitcoin's slight price drop. Two categories of people have benefited from the current market, one is the Bitcoin holder and the other who is continuing DCA. Both hold the bitcoins and both will benefit. Some investors quickly sold their bitcoins, but within a short period of time, bitcoins started to move upwards again. Those who sold at 54K are now counting their losses. Investor should have a long term plan. Profiting from Bitcoin can be much easier if you plan to hold it for a long period of time rather than aiming for a quick profit.

Investing in bitcoin before or after marriage doesn't mean anything because it does not guarantee your success in your bitcoin journey if it is not done the right way. What matter when one wants to invest in bitcoin is have the resources available to but bitcoin frequently from your discretionary income without overdoing it that it will affect you later. Bitcoin investment is for all whether married or not married.

If you are talking about the responsibility of a married man, it should not prevent him from investing in bitcoin because he has a means of income and discretionary income. If you observe, most Whales or rich business mugu are married because if you are married, you will have a proper knowledge on financial management and you will also see the reason why you should invest for the future because of your family. Some people it is when they get married that they do have financial breakthrough, will you say that such people will find it difficult to invest in bitcoin and hodli while they build their bitcoin investment portfolio for long.

You can invest in bitcoin anytime, what matters is your financial strengths and how you can reach your bitcoin target successful without selling your bitcoin journey before time. DCA is a good strategy that helps to build your portfolio gradually and also to build your emergency funds simultaneously with your bitcoin investment if you just started without having any emergency funds. Get started and keep accumulating for the future is what matters most.

The method or methods of accumulating Bitcoin isn't that necessary for any kind of arguments because whichever strategy or strategies being used is all aimed at getting or realizing a good size of Bitcoin and hodl  over a long time and secondly you don't only be patient when the market is in bearish, patient is also needed even when in bullish so that you will not be selling your investment when you are supposed to be accumulating, you no to be patient in all market
conditions, you keep buying and holding until you have a good size of Bitcoin while holding for 4 to 10 years and
above, that is what I have to say with the little I have learned.