Topic: Buy the DIP, and HODL! - page 195. (Read 135510 times)

still struggling with topic name change, still feels wrong

The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.

 ¯\_(ツ)_/¯

If in doubt, then always zoom out. Sit on your hands/don't panic.

that is right, investors who understand how to properly invest in bitcoin make decisions based on the potential price of bitcoin in the future. they do not really mind the bearish market, because the people who mind it are only those who trade bitcoin in the short term. while people who focus on long-term investment prefer to accumulate more bitcoins when the market is bearish by using their spare money because they understand that the price of bitcoin will increase and they are not too bothered about how they should sell their assets since they prefer to prepare for the next price increase by accumulating more bitcoins in their wallet.

Collecting more Bitcoin has always been the core point of every work we have done so far because when it comes to selling it, everyone only needs to think about it once, namely when the price is expensive and not selling at a low price or lower than the purchase price. So it won't be too complicated to think about so each of us just needs to try harder in more complicated sectors because sectors like collecting more Bitcoins require focus and a high level of consistency because when everyone starts to collect Bitcoins of course they always need the capital.

Your post is for people who are in bitcoin for short-term profit, and I think it isn't right to use such words on this thread before you mislead or stop some newbies from starting their bitcoin. Investing in bitcoin for the long term will prevent you from facing these challenges because you will not need to analyze the price of bitcoin before you can accumulate it, and you don't need to know if there is any news that will influence the price of bitcoin after you have bought bitcoin. If you see bitcoin as a long-term investment, invest what you can do without for the long term, and make available emergency funds, reserve funds, and floats, you will achieve success from your bitcoin investment because you have funds that will help solve your unforeseen problems, and you will not depend on your bitcoin investment to survive.

Bitcoin is a top project in the market, every possible newbie knows about Bitcoin and they've also made several attempts to generates profits, some become profitable while some don't. The market comes with different measures, we should be prepared at all time and make sure we're having a smooth run in the space, however the market will go against our decisions and plans most time, it doesn't call for frighten mindset. We have nothing to worry about because making mistakes is inevitable and having a clueless strategy will not also help.

Success in the market is top priority and we have to keep pushing. Investors can either make enormous profits or huge losses in the space, we should keep grinding and having promising positive mindset towards our goals. Secondly Our investment can either be jeopardized if placed on inappropriate projects, that's the particular spot our losses start paving in. We have everything within our reach but everything will become suitable.

Every investor must build his or her emotions strong enough to understand the dynamics of the market, understand your risk tolerance level, even though Bitcoin investment is not even as risky as most people claims, invest with an amount that will not be seen as a burden, alot of people have ever regretted not investing in Bitcoin at it's earliest days seeing that Bitcoin has made a tremendous increase in value and wider spread adoption while others took advantage of it and enjoyed it benefits. However, some people are yet to see the true potential that Bitcoin holds and hence procrastinates investing in Bitcoin but yeah Bitcoin investment is not for everybody and can never be where some people will continuously be in doubt and others will keep taking advantage of it, that is the real life taken advantage of others ignorant. I will say that there is no such word or term like monitoring the market in Bitcoin long term investment dictionary rather the best word to use should be checking the market condition to keep you informed which I don't see anything wrong with it thou too much of it can become problematic, those that prioritized monitoring the market condition are the traders with the aims of maximizing profits within the shortest time frame and they are the ones that panic when the market is dumping while  the long term investors takes advantage of it by buying more Bitcoin at a price low than it's previous highs.

Well said, if you understood what I was pointing out, I was talking about the necessity of accumulating more and not just hodling for a longer period especially when one has the capacity to do so, there is always a room to accumulate more, I never talked about selling off neither my point relate to it in any form, Thanks for your view and more information on it but investor should always understand the need for not stopping or lagging behind while accumulating Bitcoin, because for a bigger or lesser return is relative to stash of Bitcoin already in hodlings.

Yes, the wisest step in using bitcoin is to HODL for a long period of time. Because that way the money invested will increase or produce more profits. However, it is true, investing in Bitcoin for a long period of time does require several factors that can make the investment run smoothly. One factor, as @Lidger say, is not monitoring the market very often. There is some truth to this factor, because the more often we monitor the market, the more our psychology will be eroded and will give rise to feelings of anxiety that make us doubt market price movements and tend to be afraid of losses (because Bitcoin prices are falling).

However, this factor is actually only dangerous for beginners (who haven't learned much about Bitcoin prices and their cycles). Because bitcoin investors who already understand the entire bitcoin price cycle will certainly not feel panic or fear if they frequently monitor the market. Because they already know that the price of bitcoin will definitely continue to rise as time goes by. For this reason, knowledge must be prioritized when investing in Bitcoin, so as not to be fooled by falling prices.

Then the next factor that is very important for us to apply when investing in Bitcoin in the long term is capital or cold money. Believe it or not, this factor is the most crucial factor that can derail a long-term investment in bitcoin. Because if we don't invest using cold money, and only use hot money, then it is certain that the money will most likely be used. So even though the money has been purchased into bitcoin, when an urgent situation comes, and there is no more money other than the money invested in bitcoin, it is certain that the bitcoin will be resold to cover the urgent need. That's why I say that this factor is the most crucial factor that can thwart long-term bitcoin investment.
So in essence, when investing in bitcoin, you have to use really cold money, because it will certainly feel smoother in HODLing the bitcoin.

I think these factors are the most dominant or the most important ones that must be paid attention to first when investing long term in Bitcoin.

Since I started my Bitcoin accumulation journey I decided to use the DCA strategy and that has been what I have been using I don't think I will change to another strategy of accumulation, when there's a dip all I will do is to use my reserve funds to buy as much as I can and still continue with my DCA strategy I don't care about the price of Bitcoin and it won't destruct my accumulation a lot of newbies like me always watch the price of Bitcoin and the price determines how many percent they will invest, some will even stop there accumulation when there's a dip, and some are patiently waiting for a dip to happen before they can start accumulating, all this strategy will destruct your accumulation and at the end of the day you find your self not accumulating anything.

You said after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements, this is very true a friend of mine started accumulating Bitcoin a long time ago but now he has reduced his accumulation rate and he has started venturing into other investment, this may be good but for me I will continue the rate of my accumulation, Bitcoin is a very nice investment and reducing the rate or stop accumulating is not a good idea a lot of people thinks is better to venture into other investment and that is why they reduced there rate or stopped accumulating Bitcoin and later regret there action I heard a story were a man in my town stopped his Bitcoin accumulation journey because he feels he has accumulated enough he was only holding and he ventured into other investment and it didn't work out well for him and he even ended up selling some of his Bitcoin in other to solve some problems he encountered along the line of his other investment and he regretted deeply why he stopped his Bitcoin accumulation.
For me I don't have a particular amount of Bitcoin I'm targeting to accumulate I will accumulate as much as I can and keep hodling, reasoning being that i see Bitcoin as my life time investment our mindset determines how action.




Your continuation of Bitcoin investment or your level of accumulation after some years of accumulation is determined by how you see Bitcoin investment some people don't see Bitcoin investment as a life time investment they feel Bitcoin will crash one day why some see it as a life time investment, those that don't see it as a lifetime investment are those that reduce there rate of investment after some years of accumulation or even stop accumulating why those that sees it as a long time investment keeps accumulating and some even become more aggressive after making there emergency, reserves and float funds very strong.
Like the story I said above were a man stopped his Bitcoin accumulation because he feels he has accumulated enough and then ventured into other investment and it didn't go down well with him he even had to sell some of his Bitcoin to settle some issues he encountered along the road of his other investment.
You are very correct when you said some will likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.
So it is always advised to keep your level of accumulation or even become more aggressive in your Bitcoin accumulation journey.

I don't actually understand the message you are trying to convey, however is very unfortunate that as potential as Bitcoin and the amount of possible return you could get from it in the future after holding but instead you choose trading because of the profit you perceive to get, well I don't really no what you guys understand about Bitcoin investment because if you do you wouldn't have actually consider trading as an option for Bitcoin investment, perhaps this is one of the reasons why people always ask the question why did most people succeed on there Bitcoin investment and others failed to succeed of course this is actually one of the reasons why most people failed to succeed because there interest is on the easy way to make profits, so that explains why people go into Bitcoin investment and got overwhelmed on how they will make a lot if money and at the end they lose everything while others will be very patient enough to accumulate and hold disregarding anything that would hamper there holding process and after years they began to eat there fruit of labour, so my advice for you is that to succeed in Bitcoin investment you have to remove the psychology of trading in you mind because the only way to achieve the success you want is only holding.


You are actually the only one who is seeing it that way because in Bitcoin investment there is no limits to what you can achieve if you are dedicated and consistent, however what you failed to understand is that those people who have been successful and achieved a lot are people who work hard by holding for a very long time and of course you could also have similar achievement if you comit yourself to it by holding.

The length at which we hold our investment doesn't necessarily mean that we will see profit. Nothing is guaranteed in the space of bitcoin investment, it has been said many times here that past performance doesn't guarantee Future performance, but it is important for us to invest so that so that we don't miss out of any potential future performance. We invest and hold with the hope that things will turn out positively for us and we will see profit, but it is not a certainty. I want you to understand this, so that when you are talking to people who come to you for counciling about bitcoin investment, don't give them the hope that if they can hold bitcoin for long that they will see profit. Just tell them they should invest and hold, if it turns out positively fine, but if it doesn't turn out positively it's also fine, but the most important thing is for them to invest.

I don't agree with you that the more we talk about our investment the more possibility it is to sell it. Investment is about mindset and once you have made up your mind to invest and hodl, or you have made up your mind not to be a paper hand, no matter how many times you talk about the investment, you won't be tempted to sell it. For instance we are always talking about buy bitcoin and hold in this thread every day, so are you telling me that you are always tempted to sell your bitcoin? 

The thing is that trading is not even an investment or investment strategy so their is know connect or relation between the two, trading is just an uncertain way of people trying to make quick money in Bitcoin which is not guaranteed, actualization of profit in Bitcoin is the goal of long-term vision that why it is a continous journey that doesn't need half way termination, the decision of investing in Bitcoin is personal but I dont think that a trader that often lose of pull out Bitcoin from his holdings should be regarded as a bitcoiner hence he or she has neglected the main reason for Bitcoin investment.
I don't know why people panick when Bitcoin drops is price, although it normal but it is still and opportunity to acquire more of the asset, it is an established fact that Bitcoin is not stable asset so with this knowledge about bitcoin every investor should expect fluctuations at all time, but in all when there is price drop every knowledgeable investor knows that it is avenue to buy, the only set of investors that does not understand this are newbies, lets be futuristic and determined because those are the only encouragement for continuous accumulation.

Trading bitcoin and thinking that it is a good way to increase your bitcoin portfolio is wrong. This is why investing for a long time is the best and does not require monitoring the market to know when to buy or not.

Why are you talking about trading, when we are talking about investing and hodli for a long time. If you look at your statement, it shows that traders are not serious people who are planning for a better future with bitcoin. The reason why I said so is that you are gambling with the opportunity of accumulating and building of wealth overtime through bitcoin. Waiting and monitoring the market is stressful and a dumb practice when you can just assign a little amount from your discretionary income to buy bitcoin regularly weekly or monthly with ease for 4-10 years.

Unserious people will use waiting for the dip to give excuses of not buying bitcoin and they will say it is expensive. Now the dip is here you are still saying that a middle class person does not have enough to buy bitcoin, does he want to buy a whole full bitcoin. He can buy in Satoshi and because he is a middle class earner, he has his discretionary income that he can use part of it to buy bitcoin and us the other part to build his emergency funds simultaneously. Investing in bitcoin does not need any technical analysis, because yours is just to keep on buying and stacking up for a long period of time. Get rid of your trading mentality and think of investing and building your bitcoin portfolio overtime.

If you look at the movement of bitcoin value from year to year then what you say is very true. But in the current price conditions it seems difficult for middle class traders to invest because fluctuations will continue to occur. So everyone must always look for the latest information and always monitor the market at all times and it is not recommended to be hasty.

We should not be trapped by the success of a few people who gain huge profits because not everyone is able to achieve such achievements. The price of bitcoin which continues to exceed sometimes makes us feel full of confidence, but if we don't have calculations it could have a bad impact on our finances. Tactical analysis and information about bitcoin should be basic capital before investing.

This would have been possible if most of the investors were engaged in other activities and over engagement. But we like to see Bitcoin value in the midst of a lot of activity. In fact you also cannot skip yourself from looking at the price even once at the end of the day.

He may also monitor the market constantly from the point of view that many investors may buy more bitcoins during dumping even though he has holdings. They are always ready to increase their stash until it reaches a breaking point. There is another class of investors in the market who constantly analyze the market and watch the prices, who prefer to do both buying and selling. But those holders can benefit more because they are always holding bitcoin.

It may be advisable not to monitor the market after investment if he invests a lump sum of bitcoins and has extensive financial solvency and is very busy with his other business ventures. Or he may choose to deposit in DCA method at the end of the month and has multiple sources of income.

Finally, investors should not refrain from monitoring the market. The most important thing is to have multiple sources of income of his own so that he does not get into any financial trouble and is able to increase his holdings over time. Long holding.

If an investor buys bitcoins with a long term plan and if he can hold his investment for that long period then he can definitely make the expected profit from his investment. After investing we should forget about our investment temporarily because the more we think about our investment the less time we can hold on to it. Most of the time the wrong thing we do is to observe the market multiple times every day after investing and due to this observation when there is normal pumping or dumping in the market we think that maybe the market is dumping and this time maybe we should sell the investment. Therefore, if we do not monitor the market after investing, then it will be seen that we will succeed in the challenge of holding our investment for a long time

I totally agree that investing in bitcoin is long term process that needs patience and determination even when faced with financial challenges. Setting goals and targets is good thing and giving up on them due to temporary difficulties would be mistake. It is like building house you would not stop halfway through just because you are running low on funds. Similarly investors should not sell their bitcoin assets just because they do not have enough money to invest at particular time. Holding on to your investment is must as selling might mean missing out on potential future profits. This requires disciplined mindset and faith in investment and I strongly believe that selling should not be an option especially for experienced investors who understand bitcoin potential.

Fact is, alot of investors (beginners and intermediates) do not realize the fact that bitcoin has gone far beyond those dayse where it could turn their $50 investment into $5000 profit. Back in the early days of bitcoin it was almost very easy to turn you little stash into a reasonable amounts of bitcoins and even within a short period or time, this is the same impression which this calibers of investors still hold firm while venturing into bitcoin hence considering it a get-rich-quick-scheme which bitcoin was never but from the early days it rose gradually and made significant difference in life's of investors.

At the current stage and/or level where we are now in bitcoin with all the things that has been happening around bitcoin one must have a good amount and/or stash of bitcoin to get the expect profit and some times in bitcoin numbers doesn't matter without the proper understanding of time. You don't expect a good number of profit in a short period of time, bitcoin is best in a long term investment which I encourage most.

You have said right, but the bolded part I certainly do not agree with 4 years being a long period of time to consider long term investment, even in other investments 4 years is really not considered long term. So in bitcoin investment we should be considering a good number of years such as 10 years and/or above as a long term investment. From a proper examination, bitcoin bull run does not eve really happen just around the 4 years cycle, it takes months into the next year which might be another year completely making it more like a 5 years for one to get a good profit from just 4 years bitcoin cycle, So I strongly appreciate a more longer years than 4 years of Hodling.

You might want to read about this collision theory which is an assumption regarding the collision of different investment strategies. Fact is they are different things altogether, we can call it buying the dips while practicing DCA at the same time that is why I called it the collision theory of the three prominent bitcoin investment methods.  Since they are different things altogether, the fact is you have to understand that there are advantages in knowing the difference in order to potentially take advantage of the differences.

Just as I have said earlier for years target is good but it's only good when one has a good amount of bitcoin in their portfolio which is what you are pointing out, I get it! but I prefer to see a longer years hodling because 4 years is not really than a long term for me if compared to other investments which are more profitable in longer terms, so 10 years and/or above should be a more decent target for long term investment.

Bitcoin accumulation is a continuous journey, even when encountering financial challenges we should keep in our mind that holding for long is essential as we don’t want to miss the goal and target set. When it comes to target it’s important as it’s needed to be accomplish no matter the time and delay for example, anyone building a house must definitely finish the project so he can reap the benefit but, what if there’s no money at the moment to complete the project what do you think? Should the person sell or wait. I’m just setting an example why an investor needs to hold and not sell, although  buildings are different from bitcoin investment but I’m relating the thought with the mind of an investor. It’s not an easy journey starting bitcoin journey mostly an advanced investor so it’s not so simple selling as I don’t agree with the thought of selling because there’s no money to invest at the moment.