Topic: Buy the DIP, and HODL! - page 2. (Read 128848 times)

Put differently, loans are never advisable for investment especially when it comes to bitcoin and perhaps it's not a get rich quick scheme so in bitcoin you're looking at an investment that takes longer years to get to a status that requires sustainable withdrawal but in this period how do you cope with the loans then it also becomes a problem.

As long as the plan is for your bitcoin to serve as a long term investment then you would have to get a job then buy as much as you can afford to buy without compromising your daily survival or as long as you can still foot your bills, having kept some require funds that can sustain you within the period of 4-6 months which is called an emergency funds etc then you're probably good to go. I don't advise loans but loans are also necessary for other investment but for bitcoin it might end up forcing you to sell at a point where you can't to pay on time which is not an option.

No matter what it is not even advisable to take loan to invest in bitcoin.  In bitcoin investment you must earn for you to be able to invest that is why it is an investment that one needs to have a source of income which you do not need to borrow. I think the only reason that would make one to borrow money to invest bitcoin is due to desperation,  just to make money quick  and when you depend in taking loan to invest bitcoin it is very possible that the investment won't last long. Loan for investment is stressful,  it is better to get a source of income , no matter how small it maybe you can afford to invest with the amount you can afford and your investment will keep going smoothly.

Which is better you accumulate your bitcoin and hold it for long time so that whenever Bitcoin appreciating price you will definitely make a profit, one thing that make some people not to hold Bitcoin for long time is because of trust and inability to exercise a patient by holding a bitcoin for long time because once you hold a Bitcoin I don't think that you have escape making a profit through Bitcoin so it is better for you to hold Bitcoin knowing that when it increase you make a profit but out of Fear and the panic that is what means from the people not have become a billionaire through bitcoin investment so my advices that holding up Bitcoin has advantages if you can have the mind to hold it for long time

Yeah, if you are new definitely you want the price to be lower so that you can start building your stash. But you don't have control of the price so most likely just look at the bigger picture. It's going to be very hard in the building to build your portfolio, but if you look at the future, it will make sense that you need to be steady and consistence and doing your DCA.

I just remember that it's mentally tough in the early started, but if you get to the point of no return, then that's where you will appreciate the body of a slow accumulation. And they can do it right now, start slowly and they have the best opportunity as well when we enter the bear market as the price will be at a discount. Nevertheless, DCA will be our friend, and even if you are caught off-guard, you can sell some and then go back again. And in matter of weeks, as I have experienced, you are still back in your position.

Borrowing will never be a good choice to do by people since they need to pay the interest of their borrowed amount and with that already they already lose some amount with those percentage they need to pay for lenders. Also I think its irresponsible action and they take their investment in wrong place especially they already come up with such situation which they borrowed some money just to continue their accumulation. That's why as other people say invest only what they can afford to spend on Bitcoin since for sure they would not face any hardship in life if they always come clean without having issues on their investment. Since they might be in big trouble if there's a situation will came that they struggle to pay their debts and market is in bearish situation for sure those scenario could lead them to lose all of their funds on Bitcoin, so people should think about doing this thing since those individual doing that is not responsible person so think more better and don't be so aggressive in this way.

That's why its important to learn how to separate those funds for investment and for other more important things since doing this discipline could make us became more better investor.

Although I will not oppose if there are still those who do that (borrowing to be used as an investment), in the end, things like this must be carefully thought out so as not to make you carried away by a bigger flow later so that the choices made must really be in line with the plan.

Borrowing money to invest in bitcoin in the end in some conditions it will not be too appropriate for some people or those who do have financial conditions that are not too balanced so that in the end when we are in this condition it is certainly not a wise choice to borrow money and buy bitcoin because it will only worsen your situation when you are unable to pay the collateral we borrow.
We are not Saylor who is very comfortable with his life and is free to borrow without the need to think about the long term to pay because he is certainly able to do so so there is no need to force ourselves to be in bitcoin aggressively when we cannot afford it because in the end invest according to what we can afford because this relates to our future of course.

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Out of context but I did want to share it when I asked in the new AI feature on social media that I use it turns out the answer is quite interesting

In my opinion, there are two options why they want to invest in a way that the capital they have is the result of the loans they make.

One is that they are ready for all the risks and they have planned long thoughts so that they still choose the option to borrow money to be able to invest in bitcoin.

Second, the option of borrowing with a small interest percentage may be the attraction for some of them to get money quickly so they can buy, they may have thought about the risk considerations.

Third, maybe they imitate Saylor style, which is the option that Saylor does to buy Bitcoin by borrowing, and investing regularly.

Fourth, maybe some of us are not too interested in investing in bitcoin by borrowing money from the bank, but we also shouldn't oppose them because they have thought about the risks.

So my conclusion. Investing in bitcoin should not be forced, for example you are able to invest with budget A and don't force yourself to jump to budget B. Yes, that a term that we can probably adjust to our actions while investing in bitcoin.

I hope we stay on track as planned, do not mix investment strategies by borrowing if you are not able to manage it well then it is likely a wrong step.

Buy regularly, even in small amounts but our target is to invest in bitcoin for the long term.

Since bitcoin investment is a long-term investment, it's not right for someone to borrow money to invest in bitcoin, and it is not the right way to go about bitcoin investment. Don't be carried away by bitcoin price; just stick with your original plan of accumulating bitcoin and wait until your accumulation money is readily available for you to buy bitcoin with your money without borrowing money from someone to buy bitcoin. If you are borrowing money to buy bitcoin, that means you are investing in bitcoin in such a way that it will stop you from solving your daily expenses, which will get you off the game partially or permanently. Bitcoin investment is best done when you use the money you can afford to lose or the money you will not need for 4-10 years or more to invest in bitcoin, which will allow you to hold your bitcoin for a long time since you don't borrow money or use the money that's allocated to solve your daily expenses.

It is very wrong to borrow money to invest in bitcoin because things may not turn out the way you expected it to it will be better to invest with little amount according to the level of discretionary income using the DCA method which will enable you accumulate Bitcoin regularly it could every week or month instead of going borrow money to invest in bitcoin for a long time remember that Bitcoin investment is not what you will put your money now and expect to cash out in few weeks time so it will be more better you invest with money won't be needing for a longer time which could probably be 4-10 or more.

Your point is logical, crypto involves hundreds or thousands of alts that are listed on CMC and on other websites. The correct word should be Bitcoin, the decentralized P2P trading platform. Alts come and disappears with time there is no guarantee that alt will continue its journey. You can pardon me for mixing Bitcoin with crypto. Also there is consent that DCA and long term hodling is valid only for Bitcoin not for Alts.



Regarding Bitcoin accumulation, we have your 6 Hypo discussed in following post. Anyone looking to build his Bitcoin portfolio can refer to these Hypo's

https://bitcointalksearch.org/topic/m.63394117


 

Yeah. When someone mentions the word cryptocurrency, and he is trying to talk about bitcoin, I see those people that maybe they don’t really know how it is because the word cryptocurrency is a general word for both shitcoins, and it will affect some newbies because they will think these are the same thing while they are not. Bitcoin has already taken over the industry, and no coin can come near Bitcoin in the crypto space right now.
 
Also, there is no other coin that can give you peace of mind like bitcoin. That is why I call bitcoin the father of all other coins, because any other shitcoin follows the same path, and that is why you will see any other shitcoin rising when the bitcoin price goes up. They all follow the trend.

I know too well that it depends on the discretionary income of the investor who wants to accumulate half bitcoin when bitcoin is at $1,000,000 per bitcoin, and that is the reason why I said that there are some investors who can afford to accumulate half bitcoin using the DCA strategy when bitcoin is at $1,000,000 per bitcoin. A poor man will always find it very difficult to achieve this, and he will not even want to try it because he knows that he hasn't gotten enough money that will allow him to accumulate half bitcoin when bitcoin is at $1,000,000 per one bitcoin.

It depends on the discretionary income of such person. If the person is rich he can accumulate upto 0.5 bitcoin and achieve his target because he has the funds to accumulate it through DCA, and he wouldn't feel it. It's when a poor or average man wants to get into bitcoin investment when the price is $1M, that it will be a mission impossible because it's very expensive.

This is the reason why the poor and average shouldn't miss out this current opportunity that bitcoin is giving us to buy at a cheaper price, otherwise, in future you might be discouraged to invest in bitcoin that the price is very expensive and you will regret this day. Get started with your bitcoin investment and forget about the price because you have the chance to buy with little amount of money and pile it up overtime. Consistent and persistent accumulation is the only way to success.

The answers to your questions may be very simple, such as, Start investing with as much as you can afford to invest. If you have less amount of money then invest less amount and if you have more amount of money then invest more amount, Aim to invest consistently.

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.

@As-Soon-As doesn't understand the magnitude of what he is saying because he is like saying that nobody should invest in Bitcoin when the price is too low but that when it gets very higher they can invest, that's what he is actually saying, I wonder the kind of investor he is to have neglected buying when he was supposed to and wait till Bitcoin rose to $1 million, actually by that time it must have been very late for him because even $3k or 4k worth of Bitcoin will not even look like an investment because is nothing to what the price will be, so this is actually the first time I'm seeing this kind of investment style by an investor who wants to grow his portfolio.

It is not that As-Soon-As is not accumulating bitcoin right now; he is just assuming that if bitcoin hits $1,000,000 in price one day, we can still accumulate half of bitcoin using the DCA strategy. I think As-Soon-As is right. Even though bitcoin hits $1,000,000 in the future, there will be some investors who can still accumulate half of bitcoin using the DCA strategy if their target is to accumulate half of bitcoin, but it will take them a long time and patience before they can be able to accumulate half of bitcoin with the DCA strategy when bitcoin gets to $1,000,000.

I am not surprised that Bitcoin has crossed another ATH yet. It seems like this will continue to happen consistently and it is not necessary to have a reference in the speculation, similarly even if the price drops, you should feel it to reach your point. I am trying to draw your attention to feeling DCA. Here by point I mean the 4-10 year Bitcoin savings target. Short-term traders were not confident about their savings and were constantly insecure about their capital and they decided to sell their valuable investments at a small profit. This reaction can occur in every market who get small profits and waste themselves. I think steady investors try to stay focused on their goals and you should keep that goal in mind so that time and savings are moving at the same speed and have a mentality to force yourself while investing so that you can feel different and more financially disciplined about building your future finances. I have discussed this in a thread about this.

Currently, bitcoin has touched a price of $107K, and it can be said to be the highest ATH at the moment. As a bitcoin investor, of course I am very happy and proud to see the price of bitcoin soaring to date. Apart from that, I have assumptions that maybe we can discuss here, considering that currently Bitcoin continues to increase. It seems that people who started as bitcoin traders seem to have turned into long-term investors in bitcoin. Due to Bitcoin's success in reaching its current price, of course it cannot be separated from Bitcoin Hodlers who are very consistent in continuing to run DCA. So with this it seems that currently many bitcoin traders (short term) are starting to change direction to become long term investors. What do you all think about this?

I think this is certainly a very good thing. Because if, for example, more people become bitcoin holders, then it is certain that the price of bitcoin can increase even faster. Therefore, we as Bitcoin Hodlers must be more consistent in carrying out DCA and not hesitate to continue to remind the public that Bitcoin is a very good future investment asset. And maybe through the media of this forum or more precisely this thread, let's celebrate Bitcoin Hodl more strongly.

the thing with this analogy is that while you are doing your DCA from this region going forward, if we are being really positive and we assume that you are able to do it for the long run and hopefully bitcoin manage to get to a million dollar, you can't outrightly ascertain how much of bitcoin you should have gathered by that times since you will have to keep accumulating from this point to the time when it has gotten to the one million dollar.

take for instance that you are an early investor that got into bitcoin at the time bitcoin was at $10K; looking at this point from that time will be like looking at a million dollar from the time bitcoin got to $100k. if you started doing your DCA from $10k to $100k, you are going to buy at the different market conditions which might be at some up and at some lows which will all give a groose holding that is still below the final $100k that is more like your fuck you status. by the time bitcoin has gotten to that region for the particular number of years you have been in the system, the quantity of bitcoin you will end up having in your portfolio will be dependent on how much bitcoin you have accumulated within that time frame and especially how much of them you buy at the lows. it is not as though you have to wait for the lows to buy but what is the case is that buying at a point that is close to the peak amount you are expecting bitcoin to get to will not yield you as much profit as you will get by buying more at the early stage of your investment.

in the end, the DCA methord still exposes you to buying and experiencing all the market conditions and in the long run, you get to enjoy the divident of your investment.

You're not wrong though but not everyone visiting the thread is a forum..and at the same time some people can still achieve that but they need more than investing  just  $40-50 even though investment intervals also contributes, it's not possible to archive even though it's done daily but there's an assurance of good ROI yet that's with respect to investor's portfolio.

However, Investor do not necessarily need  a high purchasing power as that of Microstrategy to archieve $500k profit when Bitcoin hit a million dollar, even though they still need a high purchasing power but it's minimal compared to Microstrategys', it takes just 1btc (bitcoin @100k) to archieve upto 900k profit  when  BTC hit $1M which means technically  If an investor can accumulate upto $150k+ worth of btc when BTC is still within the range of $100k ~ $300k  then they can archive  $500k and above profit when Bitcoin hits $1M  just that 150 grand isn't a small money and for an investor to archive and with DCA,he must be willing to buy around 1.2grand worth of BTC every week till the next halving( hopefully bitcoint doesn't breach 300k+ before the next halving cycle) .

Generally, no one know when Bitcoin is going to hit 1M or even 500k  but that's not the major concern which is why I agreed o the point that "bringing this up is not necessary " which is not technically possible in the first place, but all I know is every investment will surely get a good ROI with time compare to just holding Fiat which loses value overtime..