Topic: Buy the DIP, and HODL! - page 220. (Read 109046 times)

Yes when we talk about the situation of bitcoin in the past few years then it is true that many people are hesitant to buy because they think that the price is already quite high and they are worried about a dump that will make them experience a loss, but actually we don't have to talk about something that happened in the past because actually such worries and anxieties will continue to occur as long as bitcoin still exists, we can see that now bitcoin is in the area of all-time highs and isn't it a fact that there will be some investors who feel hesitant to buy when the situation is like this? of course.

In fact bitcoin can break all the doubts that exist in the minds of most of us, which means it is never too late in terms of accumulation, you can allocate your money at any time because bitcoin will continue to rise over time, but remember in addition you must really have a proper understanding of investment, make sure that you understand that however investment can never escape the name of the possibility of loss, which means that you are more advised to put an amount that is not for other needs in your life, this is useful for minimizing the occurrence of emotions and disturbances in your mental and psychological or to minimize "worries" when bitcoin is experiencing a correction. On the other hand, yes as you said that doubts will only end in regret, which means that if we continue to prioritize doubts I make sure that you will never be able to achieve profits, meaning that accumulation requires intention, determination, sincerity and courage because if you want to get profits then obviously you have to dare to take risks but make sure not to exceed your limits, as I said above, namely allocating money that will not be disturbed for other things, and believe your accumulation plan will be able to reach a "tantalizing" point in the future.

mehn! It can't be less fulfilling seeing how the market has been very impressive and consistently proven all critics wrong every step of the way.

I had a friend who never saw it wise to invest during the bearish season but rather chooses to accumulate bunch of altcoin in his portfolio that have dropped a lot. We got talking this morning and you could literally see regrets in his eyes when I showed him how within some couple of months BTC has risen from aroumd $39k it was at the time he invested into those  altcoin to this current ATH.

It's now obvious that at any point you decide to start accumulating , if you're patient enough, you will still be in profit. The journey continues above $80k. Believe.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
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But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is  not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.
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This thread is a place to learn, if you look very well you will see that this thread has been existing for many years. You will also noticed that we have Legendary/Hero members who has been in the bitcoin investment long before you and I started our bitcoin journey. We  have been following their teaching and gradually we have been seeing growth by following their guidelines. You as a newbie should follow suit when they are telling you things that will help your life, you should stop arguing and making unnecessary analysis which are not relevant. Bitcoin investment profitability is for long term and not for short term. Judging by your analysis, can you compare the profit of those who invested in bitcoin 10 years ago and still holding with those you said bought in September 2023? As a newbie if you want to grow, listen more than you teach because it will profit you more that way.

Talking about short term investment in some kind of way might actually make this thread some worth contradictory, I really think we should stay in track,  I don't think talking about it is going to add any meaning to this thread, there are better board to actually discuss that,

Bitcoin broke its previous ATH. I haven't been able to check the market today due to a lot of busyness, so when I check the market now, I see that Bitcoin broke its previous ATH almost 19 hours ago, That price of Bitcoin is $69,427. But this ATH did not increase much from the previous ATH. But still I am very happy and glad that Bitcoin broke its previous ATH. I am a big believer in Bitcoin and it's a lot of faith that the price of Bitcoin will definitely rise above 100k and it will happen very soon.

Well said. At a larger scale, there is no reason to choose the short term investment over the long term, given that as investors, we all have one thing we pursue. Profit. And if your investment plan isn't giving you the best of that, as a business person, I do not think there's any reason to venture in that direction.

If as investors, we seek the best out of Bitcoin, I'm certain in lies in long term investment as it is advisable to both low coiners and those who have gathered alot.
People who do not have money to purchase many coins should heed to this, as short term investment may even lead to loss.

My sister-in-law called me today to ask me that she has 1000usd to invest, and she asked me what I recommended, I told her, that she buy bitcoin, because even though it is close to its last maximum, she can still buy, but that she has two scenarios, if it goes down When it comes to price, you should not despair, but wait until it goes up, do not take out an investment, or lose patience, but you have to have the conviction that the price will go up, the other is that if you buy and it goes up, then she evaluates what she can withdraw, but which will recommend that less than $150k do not withdraw profits, it may not be in the Dip, but it is a good time to make an investment.

You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.

Many doesn't expect that to happen since $20,000 big at that time and many doubt that it will be so hard for bitcoin to pump on that amount or more bigger than these since many are afraid for the possible dump to happen.

But for so many times it proves us that if we keep doubting there's nothing to gain and we regret our decision for not buying while bitcoin is quiet affordable. For sure we think about going to past where everything is cheap that's why people should not make the same mistake again since there's still plenty of time for them to accumulate and they should not about they came late since on bitcoin there's nothing like that exist since price of bitcoin continuous to grow.

I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful.


That illustrated that large DIPs are for buying.

I always wonder why most people always prefer short term investment, I know that everyone is entitled or decision to choose what they feel is better for them but I will always advise that short term is not the best investment pattern for Bitcoin because it will likely deprived you the chances of getting what you are supposed to have in the future if you hold for a long term because one of the factors that lead to investment failure is greed because the mindset of most people is based on the possible profits they could get from there investment that's why they always sees short term as the best investment strategy for them without knowing that they could get into trouble on the process if they sell there Bitcoin and the price did not give them another chance to buy again because this has been what most investors has witnessed but thanks to @JAY for educating us on ways of investment so I believe that so many persons should be able to understand and utilize the investment discussions that has been done here.

exactly, Short-term investment can be profitable but the risk attached to it is too much compare to that of long-term investment, due to price fluctuations. And other thing about short-term investments is that one can easily it turn it to gambling, like in a scenario whereby there's a hype in market, due to such hype market experience a surge in prices and due to FOMO one may come up with the thought of diving in all at once inorder to be catch in th wave ( during the increase of prices in market) with the thought of making some profit as the market  increase, which would make one to be restless while he or she keep checking Market charts . But at the end market didn't went their way they would endup selling in loss because their aim was to get short-term profit and they won't want their funds to get stock. While those who are holding won't be bothered with such because their mind as already being set for long-term investment, though it may take alot of time depending on one target but at the end you would Found that it all worth it .

Yes.  For those supporting the short term investment thing being profitable, we are all aware that Bitcoin is not a get rich quick thing. I think it's basic knowledge. Although you can make profits from the short term investment, it's nothing like benefiting extensively like long term as you are more subject to losses.

Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret.

[/quote] I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
[/quote]
But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is  not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.

You are right.. Although now BTC price nearby ATH. We should be more wait to buy.It could be much better that from now to start DCA, when the time of realization, we can taken from each Invoice 2% or 3% profit can keep separately for DCA. It can be also monthly basis. This strategy can reduced the pressure on the dollar and effectively for long.

Yes we are thinking so. Before the investment the security of wallet the best priority.More knowledge on this transection is essential. We must transact through trusted traders or exchange house.

It is also true that buying other tokens or coins other than Bitcoin can lead to huge gains and fast losses. All these things depend on what kind of plan you are managing the investments with. If you have invested in your investments without a plan and buy bits or other currencies for a long time, then you will have a lot of potential to lose. But here weekly or monthly investments are very important to me because they are very profitable in the long term but only this applies to Bitcoin.

I am not sure if you are using the term "passive income" differently from how it would usually be used.  Generally speaking passive income is meant to be a kind of income that a guy would receive from investments, meaning that he does not have to do much if any work for the income, and sure passive income might be achieved based on past work that the guy did and then he invested money and was later able to live off of the income earned from the investments.

Sometimes there might be disagreement in regards to how little work someone might need to do in order for the income to qualify as passive income, so for example, his merely keeping track of his income (bookkeeping) probably would not be counted as having to work for the income, but maybe if he bought property, but he is managing the property, then the rents might be quasi-passive, depending on how much work he is having to do in order for the income to keep coming in.


If a person might have between $800 and $2k per month of income (maybe most commonly a income of $1,200) and $1,000 worth of monthly expenses, then his variance of income may well cause him to keep an extra float, so that he always has enough for his monthly expenses, even during months that his income is less than his expenses.  His investment would come from the discretionary/disposable income which seem to usually be $200 per month or $50 per week, and yeah he could max it out on buying bitcoin, or he could use some other strategies, but if he already has 6 month of emergency funds (maybe $6k), and maybe another 3-6 months of float and/or reserves, he might have room to be more flexible including perhaps sometimes dipping into his float and/or reserves to buy extra bitcoin and/or perhaps other times deciding to allow his float and/or reserves to build up to higher levels.

Investment is all about courage and the personal decision and it is only the risk takers that always be profitable for investment because they don't think if they lose or not only thing that comes to their mind every time is to utilize opportunity and also take a risk to meet up a target, so when you come to bitcoin investment you don't need to think otherwise before you investing Bitcoin only thing that I would like you to consider is the market going up or going down so if the market is in situation where you like to invest you can invest with that thinking otherwise because there is no time your invest in Bitcoin that is west of time so you have to invest when your mind ask you to invest when you are watching when you invest and make profit you may invest at that pointing time and experience a huge loss so it is better to invest when you think that we suit for you to make a profit

Is quite surprising that most people do not realize they are gambling thinking that they are investing because gambling is not just by playing sports betting but is also comprises of both investment because as an investor no matter how much they would love to invest on Bitcoin but like i mentioned on my previous post is never an option to borrow money and invest on Bitcoin when the person doesn't have any source of income that would help and sort out the Dept, however most people have gone into investment on Bitcoin through the money they had borrowed with the intention of paying back from the profit they will make, so you are right @JAY, however is unfortunate that some of the mindset of people concerning Bitcoin is totally wrong because most of them feels that investing on Bitcoin is a get rich quick investment perhaps is because of the way the price moves that's why most people feels that if they borrow money they could easily pay back through the profit they will realize without knowing that sometimes the price could go the opposite direction, so like you said borrowing money for investment with the intention of paying back through the investment is not a wise decision.

Of course, passive income will launch a DCA investment process in accumulating Bitcoin. Many people in the world may not have a permanent job but they want to invest and maybe it is a long process for them to have a certain amount of BTC. Yes, we encourage anyone who is confident in investing in Bitcoin to do it using DCA because they need to arrange their entry in such a way to find the lowest price. So back to the issue of income, investment can run smoothly if someone earns passive income every month so he is not burdened by the circumstances of the investment he makes.

Apart from that, Bitcoin has become an investment that is attracting quite a lot of attention at the moment. I noticed a lot of newbies keep coming in to buy bitcoins and hold them. Yes it's an extraordinary process of their desire to achieve success in bitcoin investment. However, from that perspective, we certainly don't know their principles in balancing their financial cash, but of course they have arranged it as best as possible so that the Bitcoin accumulation target can run smoothly according to their planning.