Topic: Buy the DIP, and HODL! - page 191. (Read 135387 times)

Your last paragraph can be very problematic and it can also be misleading in the sense that this particular thread  is talking about how we can accumulate more Bitcoin and hodl for a longer period of time which can be 4-10 years and above and not about accumulating altcoins which is untrustworthy.

For you would have been more specific when using the word Crypto here for there are other newbies here or new investors which might think that you are talking about shitcoins which is unreliable to invest in because the word Crypto addresses the whole cryptocurrency market so don't confuse them here for it is better you call it Bitcoin for Bitcoin or altcoins for altcoins to be more specific rather than generalizing to Crypto. For you may be right in what you have said but newbie here might believe or think you are advising them to go and invest into altcoins.

Actually the knowledge about Bitcoin I have acquire here made me to realize that sometimes being very knowledgeable doesn't determine how long someone have been into investment because let me use myself for instance, in as much as I have started my Bitcoin journey before visiting this thread but I have not been able to understand so many things about Bitcoin but after being here for sometime and reading your quotes about Bitcoin investment I realized that I was missing a lot before but now i have been able to understand a lot about Bitcoin investment.

The reality here is that for a while Bitcoin started to sound like a broken record. Huge investor inflows into ETFs could drive up Bitcoin's price. Again, although the flow of ETF-investors has cooled somewhat, the momentum of capital in cryptocurrencies is considered to be increasing. But don't worry, we've seen this story before with Bitcoin. And experienced cryptocurrency investors know this has happened to Bitcoin before Again the price of Bitcoin is not going up, even if it plays an indirect role for ETFs, the main reason is that you have retail and top buyers investors like me who are not institutional investors, you will notice that retail investors are increasing their holdings in Bitcoin. As time goes by we can expect more institutional investors to start buying crypto.

Sure, it could be true that in the very beginning of your bitcoin journey, you might hardly have anything to contribute beyond potentially asking questions, and sometimes longer term members will get annoyed when new member ask some seemingly basic questions that they should be able to fairly easily figure out, yet if you are doing some of your own homework and you are setting up your own systems (such as financial, cash management, and psychological systems), and you are also doing some of your own research, there are surely going to be times in which your learnings become more informed - yet you might have various questions about what you are doing and something might be difficult to figure out on your own, especially if you might recognize several competing options but you might be unclear in your own head about advantages and/or disadvantages in regards to various kinds of potential set ups and/or practices, and so I would thing that you would be able to ask questions or even make comments and suggestions that relate to your learnings or areas of your feeling that you don't really understand, even if some of the questions are seemingly basic and even if some of us in this thread might have covered some of the themes of your questions at various historical points in this thread. 

I doubt that we should be expecting that you read and/or understand anything close to the contents of the 472 previous pages of this thread prior to being able to interact.. but if you at least read the OP and maybe the first few pages of the thread, and maybe go through some various posts in the thread and maybe read some of the recent posts of the thread, then that should be enough in order to demonstrate some leel of due diligence.... that would show that at least you are trying to interact with some of the already happened discussions..

Part of the reason for threads like this is to interact with members at what ever point each of us are at, and sometimes some of the threads seem to have had gotten beyond the mere basics, but even our getting beyond the basics does not mean that we should not be welcome to somewhat basic questions from beginners (or bitcoin newbies), because we likely should realize that something around 99% of the world's population are either no coiners or low coiners, and frequently it will take several repetitions of certain new ideas for any newbie bitcoiner before the ideas both start to sink in that you are able to understand the ideas with better clarity, but that you are also able to communicate with other members about the ideas that you have, whether members here agree with you or not.   There are also some folks who come to the thread with other kinds of life-experiences, so none of us can really know your life experiences unless you share some of the ideas that you have that might be based on your experiences and your presumptions.. which might be something that we previously discussed, or maybe we have not yet discussed, so nothing wrong with bringing in some life experiences from time to time, whether you are a bitcoin or investment newbie or someone who has some kinds of experiences that might be worthy of sharing in a thread like this.


Actually that is another good way of framing the matter, which is that many of us can learn better when we participate and interact in the forum and in threads like this, which was part of my own reason for joining and participating in the forum over 10 years ago... and continues to be my motivation to date. 

There are ways to try to participate, but also to try to read quite a bit too so that you are not totally off-base in the kinds of things that you are asking, and surely if other members interact with you, it tends to be better to try to take into account what they are saying, and sometimes other members will end up giving really bad advice.. or some kinds of suggestions that you believe are not good for your situation. Surely, in the end you have to decide for yourself, and surely sometimes there can be quite a bit of problem by following other forum members without making sure that what they say is actually applicable to your own situation and also that you sufficiently understand the trade-offs since you are going to be the one responsible for your own actions, and no one is going to feel sorry for you if you say that you were  just doing what one or another member had suggested that you do, whether it be from me or any other member. 

Even though I personally try to make suggestions that fit with other members, there are surely going to be times that what I say is not really very fitting for your own circumstances, so you gotta be careful in regards to figuring out various systems that might work for you whether it is actual bitcoin buys or maybe various ways that you organize your own personal monthly cashflows and account for your income versus your expenses in terms of figuring out how much bitcoin you are able to buy each month - or how much fiat that you are able to dedicate towards buying bitcoin each month/week or whatever is your buying time intervals.


I don't see anything wrong with opposing the ideas of other members, and those who oppose ideas of other members while giving reasons (and perhaps even evidence) for why they oppose the ideas will provide fruit for deeper discussions.  Sure there are some members who seem to just oppose for the sake of opposing, so that can be a bit annoying if some members are not really explaining why they are for or against some ideas...and yeah, sometimes it can be a bit unclear regarding how much evidence and/or explanation is needed when opposing the ideas of another member, so each of us has to make those kinds of choices regarding how much we believe we need to back up our own ideas -especially if we consider them to be going against what other members might be saying...

and sometimes we get the facts and/or the logic wrong too.. so sometimes we might believe that we are saying different things from other members, but we just end up saying similar things in different ways... so the ways of communicating can continue to be confusing for some of us from time to time, too.

Although a large portion of investors have a general idea about Bitcoin, they are not very interested in collecting Bitcoins. Many of them do not understand the benefits of holding bitcoins for long term and there are many who sell their bitcoins for small profit in short term. There are others who can't hold their emotions because of the slight drop in Bitcoin price. They lose their wealth during that time. They don't know how to grow their Bitcoin portfolio by doing DCA for a long period of time to the best of their ability. All these things being part of this thread an investor can gain a lot of knowledge about Bitcoin if they pay attention to it.

Ideas from other people really need to be respected, especially if the ideas come from people who have been in this forum for a long time and really have good knowledge of things related to Bitcoin and others. However, on the one hand, everyone is also allowed to put forward their own ideas as long as the ideas are good enough and do not oppose other people's ideas, because everyone here is always free to discuss and give birth to new, brighter ideas on everything. And I myself have also learned a lot from other people's ideas, although most of what I have done now is based on my own ideas because I also consider my abilities when considering other people's ideas.

But for sure your experience can bring  something new to the discussion and provably that there are learnings to get if you share your insights towards your activities done on your investment.

So its good if you share some ideas so that people would know on where they should correct you if there's something wrong with your decision or choices made.

Just continue to follow this thread since for sure that you will learn a lot of things here. Lots of experience from different people has been shared also suggestions for the methods they used and if you are eager to learn from those things for sure you provably became more better contributor or also an investor.

True.
Well said, Mate. You participating is what will widen your horizon, experience is only best gotten through experience just as only continual application of the knowledge will help you grow, thus building you more when you contribute and share ideas among like minds.

No need for you to undervalue your own idea,talk less of your idea when you can learn and also unlearn, take corrections from knowledgeable members of the forum and also participant of this Discussion.

I've been following this thread for a few weeks now, and even though I'm nervous to always make contributions, I've been able to learn a few things here simply by following the thread and reading through discussions. I've learned from not only you, but also members who are both higher and lower in rank than me. I realise that most people making contributions are more experienced, and i feel my contributions will be of low value to them.

I am not convinced with my limited knowledge yet, which is why I am spending more time in this topic and other beneficial threads soaking up every little knowledge I can find. I still need more exposure to bitcoin conversations to learn more about bitcoin so i can make valuable contributions in this thread to educate other people too.

I have read some articles and books about bitcoin but sometimes engaging in discussions with more experienced people will widen your knowledge even further.

Of course, when folks are learning a topic, initially they can learn from anyone with more experience than them (and frequently they can also learn from folks who learn less then them), and as long as they are engaging in critical thinking and trying to continue to learn, they will likely find that they need to get exposure to more and more advanced folks in that field (whether we are talking about bitcoin or any other topic).  

Surely I have a lot of my own limitations in the knowledge that I have and whether I am still learning, yet probably I have some advantages due to the amount of time that I spent engaging with the bitcoin topic.. which has been quite a bit in the past 10 years - though surely not full-time and there have been times in which I have spent more time and times that I have taken breaks.  

At the same time, I still get quite confused by a lot of technical areas of bitcoin, and even though i have  learned some parts of various bitcoin technical areas over the years, I surely have my own limits in terms of being able to spend time learning some of the technical areas...

So I might have one opinion, and then learn that I do not understand that area enough, so in regards to Runes, I may end up waffling on that topic - because if there might be questions regarding whether new tokens are being created or might the Runes merely be used for the channeling of bitcoin transactions - so sometimes with the new topics, I have to take them with a grain of salt too... and I might not really understand the extent to which there are ongoing claims that ordinals, inscriptions and runes are being used as ways to attack bitcoin.. so not even my mind is clear on that.

Also we have to be careful in terms of including too many topics in a thread like this, even if this thread has become quite popular - especially in the last year.. I still get the sense that Runes are getting into a new topic, even if some of us might figure out ways to get involved in Runes to engage in actual bitcoin transactions... the topic of the thread is not really so much about our means for doing bitcoin transactions but more about if we are considering building up our bitcoin holdings and the various ways that we might end up buying bitcoin to build up our stashes and to increase our options (even once we might get to a point of having had built up our BTC stash, there may be some questions regarding whether we are still on topic to talk about what might come next.. in our bitcoin journey, which I believe should be maintenance and/or sustainable withdrawal)..

I was patiently waiting for your response on this. Your response is highly appreciated by my humble self. And I have taken some valuable insight from what you have just said. Just as @Wind_FURY rightly stated, your understanding about things as regarding bitcoin and other crypto projects are highly inspiring. Most times I come to this thread specifically to read your posts and responses to different posts, and never for once have I been disappointed. Sometimes I wonder if you are a professor. Lol...

I understand the point you are trying to make, but purchasing the Nakamoto dollar almost sounds like a way of promoting the Runes like project which most people literally don't want to have a discussion about due to the controversy surrounding it. Assuming I want to purchase a Nakamoto dollar, don't I have to do that through a cex ?. The past two days hasn't been interesting, so I think we should just find a way to light up the discussion from where we stopped, but Incase you feel the Nakamoto dollar can serve greater importance, then there should be a little intro to how it can benefit users in buying Bitcoin inorder to trigger a discussion. Let's light up the discussion again.

Actually, it could be related to the discussions in this topic. Because with Bamk's "Nakamoto Dollar", users can hold their Dollars in Bitcoin on-chain, and they could use it to buy the DIP or DCA to Bitcoin without leaving the Bitcoin blockchain. It's probably one of the more important uses of the Runes Protocol, and one that could definitely add value to the Bitcoin network.

I love what you did Wind_FURY by accepting to change the name since majority wanted it to be changed back to what it was before, you showed an attribute of selflessness and I must commend you for that. I have been going through this thread for some days now and it has really given me what I needed and I want to thank you for creating this wonderful thread that has impacted something in me and others too especially the newbies. Ever since I joined this forum some days ago I have gone through a lot of threads and I most say that this thread is one of the best thread to visit when one needs enlightenment about Bitcoin and the investment process.

Allow me extend this one more time, I preferred the other topic to this original one, "Buy the DIP, and HODL". The original topic was/is a good topic which led to diverse opinions on how we approach our accumulation process and the discussion went too broad which I felt the importance of why the topic was changed. Many strategies has been discussed under this thread, which doesn't suit perfectly to fit under same topic thread since they are of different opinions, patterns, risks and engagement. Buy Bitcoin, and HODL! covers a lot about all investment approaches which buying the DIP is certainly among.

Believe me, ser. It wasn't being humble that made change the title of the topic back to "Buy the DIP, and HODL". I merely didn't care what the title was. I thought everybody was going to like the change because everyone is already discussing/debating buy the DIP and DCA, which both have their pros and cons, advantages and disadvantages, and their own trade-offs.

But OK, I'm happy if everyone is happy.

I believe that it is not good to talk about those kinds of things in this thread unless we are merely attempting to relate the ideas to the topic of the thread, such as if such projects might contribute towards BTC price movements in either direction that might affect our ability to accumulate BTC or something like that.

Of course, for me, the more something relates to building on bitcoin, then the more that I am o.k. with getting involved with those projects, whether it is investment or promoting them, and yeah of course, many of us likely know that ordinals, inscriptions and runes are controversial, but they are structured in such a way that they end up being built upon bitcoin.. Yet surely some of the controversy in regards to those various projects (even though built on bitcoin) concerns the extent to which new tokens might be being created through such efforts, even though they might be pegged to satoshis.... so yeah, if there is not already a thread out there in regards to the specific project that you mention, then maybe a thread can be created. 

I understand that there have been various kinds of attempts at decentralized exchanges or ways that folks can attempt to interact with one another and perhaps being able to facilitate exchanges of bitcoin because they are able to interact directly and without anyone being able to stop them, such as Nostr being one of those kinds of communication mechanisms... so for sure, we continue to be in need of places to communicate without being able to be stopped (whether informational exchanges or monetary exchanges).. and yeah, bitcoin largely is a kind of information exchange that contains value, too.. .so systems built upon bitcoin and up having similar unstoppable qualities/characteristics, and so it would be difficult to be completely against any such thing that is claiming to be built upon bitcoin, even though we still might need to link over to some other topic or even to create a topic, if one does not already exist.

I must appreciate you for returning the name back to what we used to know, "Buy the DIP and Hodl". This has shown that you are a leader who prioritize the interest of the people. I was one of the people who were very vocal in the change of name. Now that I have seen that the change has been effected, I also have to openly appreciate you too for listening to our plea.
For sure bitcoin will only reward those that are holders when it surges to six figures. Those that are not holding won't benefit from that. But it's not too late for them if they can start investing today.

Yes, a lot of knowledge has been shared in this buy the dip and hodl discussion thread, and it has helped so many investors to be close to their bitcoin accumulation journey. If investors are so concerned about buying the bitcoin dip, they know the strategies they can combine that will allow them to buy the dip at any time it happens without finding it hard to do, and this is due to the knowledge shared here. This thread has helped me gain more knowledge and experience about the DCA strategy and the funds to keep in place that will guide me to accumulate the quantity of bitcoin I want to accumulate and hold it for the long term.

I tried to trace the project you mean "Bamk" and what I saw was that the price was still too low with the supply and market cap already quite high. I got a little information about the project at https://magiceden.io/runes/BAMK but if that's not what you mean I don't know where else to look because I've never heard of a project like this before so can't give an assessment which is more precise. However, for now it seems worth exploring because who knows, it could be an opportunity to make a profit from it, especially considering that the price is still very low, which of course is also very affordable if you want to buy it now.