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Topic: Buy the DIP, and HODL! - page 184. (Read 135053 times)

hero member
Activity: 658
Merit: 562
July 06, 2024, 11:03:53 AM
Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.
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.
member
Activity: 89
Merit: 17
July 06, 2024, 10:42:33 AM

Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.


To achieve success in bitcoin investment is not only through DCA, but can be done with accumulation or lump sum, because the success or failure of someone in bitcoin investment depends on how they can make their investment plan correctly, be patient when the market is bearish, and be disciplined in their investment.

Because DCA is the best method that can be used by newbies who have limited capital to be able to buy bitcoin in smaller amounts but consistently. They do it over a long period of time, and they can be said to be successful when they get profit when the price of bitcoin is above their average purchase price.

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.
full member
Activity: 560
Merit: 161
July 06, 2024, 09:40:19 AM
Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.
First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.
The dip was massive and for those who understands the market it was opportunity for them to buy Bitcoin. When the price of bitcoin was around $60+ some persons were worried about the price of bitcoin,  if it was the right time to buy bitcoin and unexpectedly  the price of bitcoin drop that for investors to buy more to hodl. People don't need to be be worried about the fall of Bitcoin, it is either to use the opportunity to buy more or just stay without been panick and keep hodling because the price of bitcoin will still increase . By now the market of bitcoin should be strange to people because volatility will always take place.
sr. member
Activity: 1022
Merit: 363
July 06, 2024, 06:12:27 AM
Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.
First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

It somehow give me sad feeling its because we didn't see bitcoin to surpass at $80k price but still happy for the fact that there is a great opportunity for those people to start especially those saying that they are waiting for the dip to come before they enter. And know they don't have any excuse because what they want now already came. But if they came to the point that after this dump came then they are start to have a doubt because they afraid for the current bearish situation then provably they might be a total loser for that no stance on what they have said earlier.

For sure once bitcoin price recover those people got scared of the situation would provably say that they waste a opportunity to buy when bitcoin price touch at $56k price level. But if they are really want to invest on bitcoin then much better for them to start now. Don't doubt about the dump and start right away since there would be a lot of disturbance or distractions if they wait for that scenario to happen. We don't know when this dump to end but what's important is we didn't cut off our accumulation because we afraid of more possible dumps.
hero member
Activity: 616
Merit: 543
July 06, 2024, 05:50:12 AM
Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.
First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.
legendary
Activity: 3346
Merit: 1618
#1 VIP Crypto Casino
July 06, 2024, 05:18:51 AM
Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.
sr. member
Activity: 560
Merit: 474
Fine by Time
July 06, 2024, 03:55:02 AM

Yes.. sometimes there are repetition of themes, and some folks understand and others do not.  At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.
I agree with you here. Events repeat at times and only a few get to key in because of they must have had such experience in the past. However it will be difficult for new members to understand, and some concepts will seem extremely new to them until they start having experience firsthand. While we focus on long-term investing and buying the Dip in this thread, there is beauty in versatility. Reading through others approaches and strategic planning irrespective of the risk associated with them. There is room for learning and development regardless of our preferred approach.


But for those who have already gotten themselves a nice Stash ( quantities of bitcoin) already, have the upper hand to focus on the dip only , like for instance someone with nice quantities of bitcoin can just take this recent dip as a chance to add up to his bitcoin stash and that may definitely make him to be in the position of ending up with far more better profits in a long run

True! Having a compounding stash doesn't mean we can't take the opportunity of the dip. Instead, it is an even better opportunity to take advantage and buy enough in the dip which will boost our portfolio if there are enough money funds. It is better to have more than our targeted amount of Bitcoin in our stash than to have less. This is why buying the dip shouldn't be a preferred strategy because it doesn't come all the time, and if we keep waiting for it, we won't reach our target.
full member
Activity: 182
Merit: 131
RATING:⭐⭐⭐⭐⭐
July 05, 2024, 09:00:07 PM
[edited out]
It is true that if you do not share your ideas or experiences, others will be unaware of them. Some people may even have similar experiences and can easily share with you the best thing to do at such points, it may be something they failed to do at the time, but their experience will be able to prevent others from making the same mistakes they did. I had a terrible first encounter as well, but I've since learned from my mistakes and improved my ignorance and curiosity.
Over the years, I have had several experiences in which I responded to a post, and I thought for sure that my question and/or concern was too basic and that surely some other member would have had already responded to the very post, but frequently, there is not very much overlap in the contents of my posts versus another member who might have responded similarly (and more frequently no one had responded to the ideas that I was wanting to write).  
I know how you feel when your ideas are been neglected though I may not be among this conversation but I came across this conversation and I deam it necessary to draw to your attention why most people don't respond to your ideas sometimes, but chose to respond to a similar case by some members here, the reason is because people feel you are too leaned or Morover you know too much for them to shear ideas with you. Rather you need to educate them as your level of experience is too high for them to comprehend. and their ideas may not be recognise or honoured by you.

And yeah surely there are times when people may bring up certain ideas in a way they think might be helpful, but talking about shitcoin instead of preferably bitcoin. Sometimes they may get an annoying reply by you and they get angry and may never reply to your conversation. And sometimes reading is another problem most people have, and lack comprehension skill. It takes a good reader and a good comprehension skill to understand what is really going on in this kind of thread where many people quote each other and ideas becomes disorganised so haphazardly to an extent where some information lost along the line of reply.

Sometimes the ideas you may try to shear with people may be hard to comprehend due to people's levels of understanding. In life there is hyrachy of understanding / authority. Though in this context we are talking about understanding, just like a person who has a master's degree or PhD will come to high school to teach students what do you expect? Though here might not be a high school as I may say because many people around the world is here with different knowledge. but the set of people your level of understanding matches with may not be here. Even if they are here they might be few. But you may see them in the wall observer thread as you usually visit them and they don't normally visit here because most of them may not want to oconversate with people who are not like them.

Though some people may be higher in rank here, and  may not be well knowledgeable as you think, but was just fortunate to be where they are in rank. Due to different ideas that may not relate to bitcoin but earned them Merit an looks as if they know more about bitcoin. I am not exempted from what am saying but I believe in due time more people here will learn more and be able to comprehend and contribute to your ideas.

Yes.. sometimes there are repetition of themes, and some folks understand and others do not.  At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.
The bitcoin space always has new people trooping in everyday, and the same themes will repeat as markets cycle. Some things never change... or at least, few seem to be changing!

Sure, not everyone is going to get certain concepts or ideas in the first sitting and it's okay! This is all a learning curve, and sometimes you need to act upon something before it will really sink in. You can read, study or learn about Bitcoin all you want but until you've taken a step to buy and HODL, you may not really get the main idea.

You're totally right about accumulating vs trading. Buying Bitcoin for the long-term entails a different perspective unlike trading or gambling. Instead, it's more like you are laying down a path for the future rather than trying to make some fast bucks.
jr. member
Activity: 98
Merit: 7
July 05, 2024, 06:57:27 PM
✂️
your are absolutely correct, buying at discount is the point behind buy the dips.

for instance; since bitcoin can change but the value does change, if we accumulate 0.05 at $5k when the price is high we might be getting around 0.1 $5k when the price is very low.

so the dips are good discount to what to level of stash we can accumulate.
full member
Activity: 476
Merit: 141
July 05, 2024, 06:43:04 PM
If the Bitcoin price is at this point in time a holder has done the most appropriate thing and put it in his list.  Because dumping from 70 thousand dollars to 53 thousand dollars. This is the highest dumping before the start of the bull run, at which point all investors try their hardest to dump it. I bought three dips from when it was a little over $60,000.  And the last date was bought at 54 thousand dollars so now I have earned the average benefit. And it will be a long term investment that's why I left it, so DCA method is best to invest during maximum dumping.
hero member
Activity: 882
Merit: 581
July 05, 2024, 04:59:54 PM

I think that now many people have realized that saving Bitcoin is much better than saving money in the bank. And this has also triggered more people and certain institutions to deposit money into well-known exchanges to buy Bitcoin and then store it safely in their respective private wallets.


Nowadays, inflation is present in almost every country. People’s money is losing value, but now many have discovered the best way to save their money for the long term is  Bitcoin not to lost value. They see no gain in saving their money in banks, as banks charges them and the interest they offer is very small. One problem is that people have not been concentrating on saving their money in Bitcoin due to a lack of proper knowledge and also because many governments have been fighting against Bitcoin. However, many people's eyes have been opened, and they now know what is best for them.so they found means of saving their money in bitcoin despite some government did not allowed the citizens using Bitcoin

Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.


When there is money, not time, it is not the best for accumulating Bitcoin. Bitcoin can be accumulated either after marriage or before marriage, but the truth is that if you are a hustler and money is not coming to you that much, I think the best time to accumulate Bitcoin is before marriage because there will not be too many expenses on you. Someone can really strategize well, but if there is family over someone, it will really be hard. As for me now, I take this time as an unmarried person to accumulate my Bitcoin as much as possible. So even if I am not able to continue with the amount I am always using to do my DCA, my mind will be at rest that I have accumulated some amount of Bitcoin.
full member
Activity: 350
Merit: 160
July 05, 2024, 04:25:30 PM
But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well. Cool
Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.
These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.
I agree with you here. Soon the chances of buying and accumulating Bitcoin will be limited. Now that we can see the price still fluctuating and has not gotten to the 100k margin it is a good time to buy. The same way we were caught unaware by the dip it is the same way we might get caught up in a bull market and we will still be thinking and expecting the price to go down. Buy now, always buy now and tomorrow continue buy now.

There are more advantages of buying on dips than you have mentioned. One good benfeift is buying at a lower cost, exhibiting patience for long term, profit potential more than the amount if we had bought at the normal price. But note, it should be our main strategy to investment but rather a subsidiary strategy to accumulate more and faster.

hero member
Activity: 1358
Merit: 627
July 05, 2024, 02:54:34 PM
Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Well I don't know the reason why you believe that accumulating Bitcoin before getting married is better, so perhaps does it mean that after getting married you will not be able to accumulate the way you are supposed to accumulate?, well for me it doesn't really matter whether married or not in terms of your Bitcoin accumulation because what is more important is having an accumulation pattern and remain consistent with it and you will see that even after marriage you will still be able to accumulate the same way you do.
Maybe what he means by collecting bitcoin before marriage is that he doesn't have any dependents, which means that when he gets the money he can buy more, whereas when you are married it means that you have to provide for your wife, so with the existing salary, some of it must be given to the wife and the rest you hold to buy bitcoin.

Actually it is up to you which one you think is more feasible to buy bitcoin as long as you have your own strategy, you can increase your salary means you can buy more bitcoin that's all.
sr. member
Activity: 518
Merit: 288
July 05, 2024, 02:33:14 PM
I think that now many people have realized that saving Bitcoin is much better than saving money in the bank. And this has also triggered more people and certain institutions to deposit money into well-known exchanges to buy Bitcoin and then store it safely in their respective private wallets.

You are right because this is one of the reasons why I believe that with time the awareness and the adoption of Bitcoin will keep growing drastically because in terms like this when most countries are having some decline on there economical growth Bitcoin is always there first choice of sustainability because they know that there is every certainty of higher profit after holding, already in most places banks has beginning to face a lot of setback because people no longer save there money as they use to do before because now they have seen an opportunity for them to diversify there money into Bitcoin investment and make there lives more meaningful.


Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Well I don't know the reason why you believe that accumulating Bitcoin before getting married is better, so perhaps does it mean that after getting married you will not be able to accumulate the way you are supposed to accumulate?, well for me it doesn't really matter whether married or not in terms of your Bitcoin accumulation because what is more important is having an accumulation pattern and remain consistent with it and you will see that even after marriage you will still be able to accumulate the same way you do.
sr. member
Activity: 602
Merit: 263
July 05, 2024, 01:31:34 PM
But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well. Cool
Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.
These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.
Buying bitcoin dip is indeed an advantage, an investor can decide to buy with any strategy at any given time depending on the available income. Bitcoin dip is unpredictable and investors can always experience the dip at any given time but, having the available amount to buy the dip at the moment matters also. If anyone should wait or buy only the dip is wrong from my understanding because anyone can still use the dca strategy during this time till whenever probably each dip has a price difference and anyone can still be lucky to see a favorable dip that’s more beneficial.

Exactly taken the dip as an advantage to buy or accumulate more is a nice move and a smart one at that . But focusing only the dip , like waiting for the dip before accumulating ain't smart at all especially those that don't have much coin (bitcoin) in their portfolio. But for those who have already gotten themselves a nice Stash ( quantities of bitcoin) already, have the upper hand to focus on the dip only , like for instance someone with nice quantities of bitcoin can just take this recent dip as a chance to add up to his bitcoin stash and that may definitely make him to be in the position of ending up with far more better profits in a long run
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
July 05, 2024, 12:49:44 PM
[edited out]
It is true that if you do not share your ideas or experiences, others will be unaware of them. Some people may even have similar experiences and can easily share with you the best thing to do at such points, it may be something they failed to do at the time, but their experience will be able to prevent others from making the same mistakes they did. I had a terrible first encounter as well, but I've since learned from my mistakes and improved my ignorance and curiosity.
Over the years, I have had several experiences in which I responded to a post, and I thought for sure that my question and/or concern was too basic and that surely some other member would have had already responded to the very post, but frequently, there is not very much overlap in the contents of my posts versus another member who might have responded similarly (and more frequently no one had responded to the ideas that I was wanting to write).  
I know how you feel when your ideas are been neglected though I may not be among this conversation but I came across this conversation and I deam it necessary to draw to your attention why most people don't respond to your ideas sometimes, but chose to respond to a similar case by some members here, the reason is because people feel you are too leaned or Morover you know too much for them to shear ideas with you. Rather you need to educate them as your level of experience is too high for them to comprehend. and their ideas may not be recognise or honoured by you.

And yeah surely there are times when people may bring up certain ideas in a way they think might be helpful, but talking about shitcoin instead of preferably bitcoin. Sometimes they may get an annoying reply by you and they get angry and may never reply to your conversation. And sometimes reading is another problem most people have, and lack comprehension skill. It takes a good reader and a good comprehension skill to understand what is really going on in this kind of thread where many people quote each other and ideas becomes disorganised so haphazardly to an extent where some information lost along the line of reply.

Sometimes the ideas you may try to shear with people may be hard to comprehend due to people's levels of understanding. In life there is hyrachy of understanding / authority. Though in this context we are talking about understanding, just like a person who has a master's degree or PhD will come to high school to teach students what do you expect? Though here might not be a high school as I may say because many people around the world is here with different knowledge. but the set of people your level of understanding matches with may not be here. Even if they are here they might be few. But you may see them in the wall observer thread as you usually visit them and they don't normally visit here because most of them may not want to oconversate with people who are not like them.

Though some people may be higher in rank here, and  may not be well knowledgeable as you think, but was just fortunate to be where they are in rank. Due to different ideas that may not relate to bitcoin but earned them Merit an looks as if they know more about bitcoin. I am not exempted from what am saying but I believe in due time more people here will learn more and be able to comprehend and contribute to your ideas.

Yes.. sometimes there are repetition of themes, and some folks understand and others do not.  At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.
sr. member
Activity: 182
Merit: 120
July 05, 2024, 12:47:40 PM
But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well. Cool
Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.
These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.
Buying bitcoin dip is indeed an advantage, an investor can decide to buy with any strategy at any given time depending on the available income. Bitcoin dip is unpredictable and investors can always experience the dip at any given time but, having the available amount to buy the dip at the moment matters also. If anyone should wait or buy only the dip is wrong from my understanding because anyone can still use the dca strategy during this time till whenever probably each dip has a price difference and anyone can still be lucky to see a favorable dip that’s more beneficial.
full member
Activity: 560
Merit: 161
July 05, 2024, 11:29:28 AM
That's why young people who are still single should set their priorities right before getting married. They should attain certain level of financial stability before getting married. If you allow yourself to be forced into marriage without adequate planning, you might be forced to sell off your bitcoin holding which you bought as a young and single person.

Yes, if a person plans to hold bitcoins or starting DCA during the time he is single, he can definitely benefit in the long run. Every person should make a prior plan to manage their life, especially from the financial point of view. One can accumulate as much bitcoins while being single but that may be difficult when one is married. Moreover, those who want to be economically successful should focus on their financial side according to prior planning. I think singles or those who focus on bitcoin savings before marriage can be financially independent in the long run. Although Bitcoin does not guarantee profits but in the long run Bitcoin holders never lose.
Whether one be married or single it is always important to make plans as to increase our source of income so that one will be able to invest in bitcoin,  if their is no steady source of income or good source of income it is possible for someone that is still single to have some challenges with his/ her bitcoin hodling. The main plan for bitcoin investors whether married or singles it is just important for one to be able think on how to have steady income because it will help in hodling Bitcoin more without having mindset to sell out. Bitcoin investment is planning, when their is no good financial plans it can deprived one from meeting up with DCA method of hodlig .
sr. member
Activity: 476
Merit: 435
July 05, 2024, 11:10:29 AM
We should never forget about one thing concerning bitcoin being a volatile currency, it may appear bearish today and that doesn't depict we are in the dip as what we have to first consider is the season for the market and not about the move on the market price volatility, because you could realized another new thing from what we started the day with by seeing the market rising and pumping fast after the said bear, bitcoin is so interesting in such a way that we cant predict it or the way of its moves sometimes, not even by our speculations or the experience we have from reading the market chart performance that determines the state of it equilibrium with price, this is mostly on the influence of its demand and supply.
A good investor will consider what he has acquired so far in his portfolio rather than considering whether we are in the dip. Time is a dangerous factor that affects investment yet people do not know. The more we keep procrastinating, timing the market respecting the dip to come, or looking for the best time to buy. The more Bitcoin continues to take is movement gradually till we notice that we haven't bought any at all.

If we feel we are experienced enough why do we speculate? Both the whales and the plebs can be affected if they do not mange their investment properly. Bitcoin is no obedient or follower of anyone. Whether we are rich or poor it doesn't mater. The wrong approach to an investment will surely fall. This is why everyone no matter the financial status must know these things regarding Bitcoin investment in other to keep their investment ongoing wihotu risking it to loss.
You started your statement very well, but I'm really struggling to understand what you mean by this statement I highlighted above. As read through your post I understand you were saying that investors who have their funds readily available, should right buy their bitcoin,  instead of waiting for a perfect timing which does not have any guarantee of ever coming. Am just a bit confused about what you were saying when you made this statement. "This is why everyone no matter the financial status must know these things regarding Bitcoin investment in other to keep their investment ongoing wihotu risking it to loss". I thought an investor can only risk his investment to loss, when he decides to sell below the buying price? This your post was focusing on buying at all market situation. Now my question is how does such an investor who is waiting for his perfect timing, risk his bitcoin investment into loss if he eventually miss to add new stash to his bitcoin portfolio, provided he didn't sell his investment he has been holding?
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July 05, 2024, 10:33:23 AM
But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well. Cool
Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.
These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.
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