Topic: Buy the DIP, and HODL! - page 221. (Read 109046 times)

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up. 

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

One Beauty about investing in bitcoin, Is that bitcoin as made it easy for any one to invest on it , irrespective to their financial capability . By buying different quantity of bitcoin with the use of any buying method that is convenience to you . Living comfortably ain't bad and all that but you have to take your investment as a priority, even when it lead to you minimising how you spend ( in the sense of enjoying live ) and you are aware that investing in bitcoin we all have a goal we want to meet in our accumulation and we can't just sit and relax , and enjoying life expecting the goal to come on its own. We have to exercise good plans like having some good sources, having an emergency funds and minding the way we spend so that our emergency funds may sustain us when we keep accumulating. The reason we have to make sacrifices for our investment is because In a long run , your investment may give you the live far better than the one you are craving for now.

At some point everyone is channeling their opinion with same idea, this issue has been discussed several times and bitcoin investment will always stand as an investment and not a get quick rich scheme, in my opinion the best is always invest with the money you have for accumulating weekly or monthly, what's the point stressing things with the issue of not having a huge sum to buy bitcoin. People usually go an extra mile selling their property to invest when it's not a right decision. The word poor is not appropriate but bitcoin investment is for everyone both an average joe. There's always a plan and target when investing irrespective of our job or account balance but with the right strategy, even with such target there's no point rushing things when buying bitcoin but if an investor is capable of buying bitcoin using the lump sum strategy that's their choice, at the end of the day everyone will have their decision to make when it comes to investment strategy.

you don't need to have income that exceeds your needs before investing into bitcoin. If you are waiting till you have excess income that's above your needs before investing, you might end up being unable to invest at all because needs will keep coming whether you like it or not.

 Making investment into Bitcoin should be part of your need so that way, while planning on how to make use of your monthly  earnings, you can easily incorporate it into your plan which will make you to have a steady Bitcoin accumulation routine.

One of the easy way to go about this is to possibly set out your needs into orders like the one below and set out a percentage of income that is to be assigned for each of them based on their respective cost. The list could take something close to this;
1. Food
2. House bills: which will include all the family expenses like transportation, all the utility bills, data, etc
3. Emergency fund
4. Funds for investment: which would be the amount you've set out for the monthly or routinely purchasing of Bitcoin.
5.etc.

Setting up stuff like this will not only help you accumulate your BTC easily, it will also help you effective plan out how best to manage your limited earning and live in proportion to your  worth.

@ justbillywitt at some point I disagree with you, you don't have to make Bitcoin investment sound more like is only for the rich, any one can  actually invest according to his financial capability, however I don't see anything wrong in deriving oneself from certain enjoyments of this life just to keep up with his investment plan, human wants are insatiable if any one would want to be satisfy and have the good things and the comfort he deserves majority that has stash today in their portfolio wouldn't have gotten it, you can lack in some aspect of your life now and invest for a better future for yourself or your generation, it is better to start wimpy and work your way out while already in the market than being on  zero status, been in the market can make you look out for other things that will help you keep up with your investment. Is possible you can suffer today by reducing your expenses, comfort and enjoyments but not at the detriment of lossing your life and enjoy tomorrow.

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this  investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

Having income that exceeds your needs or having additional income because it is not enough is a choice that must be made in any form of investment, including Bitcoin.
Because in this way the investment made will run well and will also be able to meet important needs safely without having to experience difficulties due to forcing oneself in unsupportive circumstances.
Because to invest we have to think about important needs, emergency funds and other important needs before doing this which must be thought about and planned to make decisions. And we as ordinary people or not rich, must be able to do this with the aim of a much better future, especially in financial matters. That way, we can invest by accumulating Bitcoin when we have income or results from side income to be able to buy Bitcoin regularly every week or month according to our ability to continue accumulating consistently. In addition, having a side income has the ability to set aside a certain amount of money for essential needs or an emergency fund without having to involve our investments. If all this can be done well overall and invest in Bitcoin in the long term, you will be happy if the results match your expectations, because that is the reality and do it with patience and passion and the results will be good.

On wider view there's nothing wrong checking the price of bitcoin on daily basis especially if you are accumulating since for that you are updated on current list and can do good decisions for certain times. But if you are new and doesn't know what to do then you are so raw on taking decision to hodl maybe checking the price can affect your decisions and might get scared on situation like correction then lose their mind in that cases. Its important for investors to be more knowledgeable on those cases and they can learn that by participating on any discussion which tackle this kind of situation and for sure they can learn a lot especially right here there are knowledgeable people sharing their ideas and suggestion that can help people to learn something that truly useful to them.

checking bitcoin price daily isn't something that's a big deal or that could be seen as a bad thing. Most crypto blogs like cointelegraph, coin desk and even trust wallet displays the updated Bitcoin price on their sites and apps and mere checking through your portfolio would still give you access to the daily updated price. It's  just not to allow it get into your long term holding plan that's the main thing here.

If you you've decided to do continuous accumulation for lets say ten years and you are just focused on looking at the price just to be sure you're gaining, that's were the distraction comes in cause you can't continue following up on whatever rise or fall Bitcoin is experiencing and hope to do that for five years before a thought to sell off yoir holding comes into your mind.

As long as you are actively participating in this forum discussion, it would be one of the major motivating factor that would enable you hold up longer.

 

That's why it's good to have extra source of income before investing in bitcoin. That you are investing in bitcoin doesn't mean that you should deprive yourself of the good things of life and the comfort you deserves. If you have money to run your life, you don't need to restrain yourself from enjoying things of this life. You don't even need to consider taking from your investment. As your investing make sure that no aspect of your life suffers or lack anything. Investment should be done without stress.

That's for sure. Who would have believe that btc would be this expensive now compeard to then? The picture of the circle was not clear then, but clearer now. No matter how smart we are we can not know what the future holds otherwise by now whales would have baught all bitcoin way back when it was cheaper. Looking at the road map of btc from 2013 till date has made many believe in some uncertainty, because no body would have believe in bitcoin despite the hype. I believe those that saw the the future of btc then would have made alot of bucks now. Looking at your statement you where thinking of 2 year duration of bitcoin and a 1 year investment but looking at it now, its a 4 years investment circle  just like the earth revolves round the sun and the years Changes from the previous, also do our age changes. so I can say as year Changes number by reapeating it circle, so do bitcoin also reapeat if circle and changees in price. so do human repeat it circle and add in age. so in my hypothesis Bitcoin circle is like the earth and human circle. provided the earth keeps revolving so do btc keep on its circle. And this is a clear evidence that Bitcoin need to be held for long with the mindset that as you add in age so do bitcoin also add in price  in due time despite the ups and down. With this reason I still believe strongly that Bitcoin is the greatest tech ever that existed. The picture is becoming more clearer. Though it may be an illusion or hallucination but that is what I am feeling right now. Check out the growth of bitcoin since the day of creation till now about 15years of existence with $69k of ATH, let's think of what it will be in the next 15years ahead.

When we have succeeded in collecting as many Bitcoins as we can, of course we have to be able to restrain ourselves because if we cannot restrain our desires, it will very likely take what we have invested so that we will lose the opportunity to be able to profit from what we have collect.

It is true that if we check the price of Bitcoin too often, we will have doubts about what we have invested in and there are even those who don't understand it well enough to sell it at a loss and it would be better for us to check it occasionally when we want to buy it so we can prepare a budget.

Bitcoin has a way stronger investment thesis now as compared to late 2013 when I entered into bitcoin, and I know that I was thinking about a 2 year investment, and at least a 1 year investment into bitcoin when I entered, but the fact of the matter is that as I was into bitcoin for a while, it started to become clear that there were 4 year cycles, and sure I could already look back at the BTC price charts in late 2013 and see what appeared to be the repetition of several Gartner hype cycles, but they could not really be identified in 4-year patterns because bitcoin was ONLY around 5 years old.. but really ONLY 4 years with a price, so it was not easy to really see any patterns in terms of 4 years, but I still recall folks claiming that there had already been several Gartner hype cycles with an expectation that they would repeat. which also seemed logical. without really tying in how the 4 year halvening fit into how the hype cycles would play out.. but surely the halvening was also already being discussed as being important too.. but anyhow, part of my point is that it was a bit more unclear about how to potentially play bitcoin as a longer term investment, and maybe that was part of the reason that I came into bitcoin with thoughts of trying to invest at least a couple of years or maybe longer, but at minimum trying to stay in bitcoin for at least a year, even though I really ONLY initially authorized myself an investment budget for the first 6 months...

I think the fact that I started investing into bitcoin towards the top and continued to invest for more than a year before coming to more commitment to the idea that I was pretty much in bitcoin for life.. but just having to adjust towards figuring out how to transition from BTC accumulation to BTC maintenance... which I kind of started to employ more of a maintenance practice starting in late 2015.. but it is was still a bit in its early stages of figuring it out, which is partially attributable to my having some decently BIG mistakes in late 2015, and yeah, I think that mistakes are going to be made along the way, which should help the learning process.

So guys coming into bitcoin now and even in recent years, should have some advantages in regards to both bitcoin having a longer history to look back upon, and also a certain amount of advantages from quite a bit of analysis being done, even though there still are needs to figure out which are the better sources of information, but that really has not changed, because there has always been good information and bad information that has been all mixed in, and so there has always been needs for critical thinking in bitcoin whether you came here earlier or if you just got here in the last couple of years.

I guess my point is that there likely needs to be some buckling down in regards to getting through a whole 4 year cycle, and maybe the main exceptions would be if some of the guys here might have been able to really front-load their investment, then they would be in a better position to have more options, and I just don't see how it would be smart to be fucking around with selling unless you really have accumulated a decently good size stash of bitcoin, and really I am not even much of a seller of bitcoin even if you have accumulated a lot, you still would end up selling within some disciplined framework in order to continue to largely stay invested in bitcoin, so I have some troubles understanding how these times can be stressful for the newbie, except merely for thoughts that he wished he would have had stacked more earlier, and some newbies cheering for down or hoping the price does not continue to go up so fast so that they are able to stack more... which they may or may not be able to do that in the coming 6-18 months.. I really am having my doubts that we are going to be hanging out in the 5 digits for much longer or even coming back to the 5 digits once we leave.. but sure who the hell knows... we could revisit 5 digits even after going into the 6 digits, but it is not guaranteed, so in that regard, it seems any newbie, or no coiner or perceived low coiner, you should ONLY be buying and you should not be tempted at all by selling or even letting up on your BTC accumulation, even if you might be wanting to try to figure out ways to buy on dips, if there are any, but you might not be in a position to really be holding back a lot of capital in order to wait for dips that might not come.


It is hard to not watch the price unless you truly have already stacked as much as you plan to stack and then maybe at that point you are just playing the BIGGER swings rather than the smaller swings, and that probably is not a bad place to be, either.. yet each person has to figure out if he is at that point yet or not..

Maybe we need to speak in examples.  For example, a guy who might consider his fuck you status to be at $2 million, but he has only stacked around 15 BTC. He is ONLY about 1/4 of the way to fuck you status in terms of measuring based on the 200 WMA.   You can look that up here, yet at the same time, he likely has decent confidence that 15 BTC will be pretty close to fuck you status in late 2028 (use my fuck you status chart to see how to estimate that even though it is going to need to be updated to show the latest numbers that are less conservative than the current chart), so he could continue to stack BTC in order to bring up his stash a bit more or he could wait until late 2028, since he already largely has enough for that point.  Those are discretionary choices in regards to whether to continue to stack BTC or if there might be other areas of your finances or other comforts of your life that you want to work upon.  I am not suggesting that I know the answer, but it seems to me that until the numbers are reached (and I am not talking about spot price numbers), then the guy has discretion whether to keep buying or not.. and he has more discretion because he already has a quantity of BTC that may well have good chances of being fuck you status by the end up 2028.. using the 200-wma for valuation.  

Of course, if the guy has 20 BTC, but he expects that he ONLY needs 15 BTC by the end of 2028, he could start to treat his excess BTC as BTC that he can play with, and yet again, he has made that assessment regarding how many BTC he believes that he needs to have later down the road, and calculating that he has more than he needs to have based in that timeline, even though 20 BTC would not reach his already defined entry-level fuck you status until around mid-2027, but if he is o.k. with the goal of late 2029, then these are balances.. including balances that can help to figure out how to treat the BTC price moves and maybe various points that he might choose to sell parts of his BTC at various prices on the way up while knowing that he does not want to go below 15 BTC... and so he can make those kinds of calculations with my raking tool while plugging in his own numbers on the Google Spreadsheet that fillippone created.

I am feeling like I am getting off topic.. because the main point is to make sure that we get to an accumulation level that would justify the starting of shaving off profits, but we gotta get there first, without expectations of being able to buy back if we do end up shaving off some profits.


Fair enough.  Sometimes any of us could make mistakes in terms of the information that we post, so yeah, sometimes it is not intentional, but it still might be irritating if some members are posting shitty and potentially misleading information.. yet at the same time we are on a forum and there are going to be all kinds of levels of slopiness, wrongness and even learning along the way... so readers have responsibility too..


For sure. Critical thinking and many of us learn better from both interacting and also from trying to put some of the ideas into practice and then sharing some of those ideas.  That's why a lot of us are here and continue to participate.


I agree with you that we have to figure some of these things out, but I think that it still can be good to blame posters if they are posting either nonsense or bad information. and sometimes they might be making mistakes, and other times they might even be posting bad information on purpose, while trying to act innocent and dumb... or trying to act like they are a normal person, when the aren't. So sometimes we need to be ready, willing and able to point out how some seemingly innocent information might not be as innocent as it seems to be... and yeah, maybe sometimes we might be wrong when we accuse another member of providing bad information, but sometimes members need to be called out or pointed out if their information is not good.

I provide information that sometimes might be wrong or might be based on my opinion, and sometimes the weaknesses need to be pointed out.. especially if I might have said something that is misleading... or maybe not sufficiently backed up.. .. and yeah, we don't necessarily need to back up everything that we say, unless maybe if it is confusing or complicated, yet sometimes I will refuse to back up any further after I already posted.. so any of us can be stubborn in regards to what we post.

Buy the Dip and Hodl is not a strategy to trade bitcoin but a topic created to teach people how to accumulate bitcoin with different strategies and hold it for the long term. As you keep learning from this thread, we have different strategies for accumulating bitcoin, such as dollar cost averaging (DCA), lump sum, and buy-the-dip. You can do your research on those strategies to gain more knowledge about them, which will help you relate to this thread.

IMO i think this personal responsibility goes to both sides, not just the posters but also the readers, any one seakimg information shoudl also be aware that information could be inaccurate judging that a majority just follows what others others saying without even tested or tried it out and would just give that same information out just because they believed it and everyone and anyone can in some cases be guilty of such mistakes when it comes to sharing information because of our inadequacy of personal experience or practice in what we are sharing.

So if this is quite inevitable that factually inaccurate information would always be shared then readers and researchers should try to filter that information, like on this thread you would find so many opinions but I just make sure I filter what I read out by actually putting some to practice that that I am knowing what is right from wrong myself. But I some cases filtering information can be quite difficult especially  when the false sounds so good to be true or people want to believe what sounds best to them, like some persons would not like the advice not to sell thsi bulk run even as early investors and would give excuses to still do it taking that information as their choice and other would choice to stick with the plan of not selling irrespective of other information around. So I think readers has a place in the responsibility as at the end the decision is their to make and would or can blame no body for advice or opinions shared.

I won't be giving out any advice on what you shoudl be doing now concerning your accumulation journey, but  there is no reason to stop accumulation just because the price of bitcoin is on the rise and we are only thinking this way cause not long ago we had a bear market which we are just recovering from and I can't even tell if this price would never be seen again even in another bear cause right now you can see the momentum of bitcoin and it may exceed even the 100k speculated price(its just a speculation and not in anyway a fact proven or true) and if the buying continues like this from the big player none stop then we might have troubles having big dips even if all the retail investors decide to sell and lower prices from 40-70k might never be reached again even in the next bear market.

All I'm trying to point out is Don’t stop accumulating we are too early in to stop now and moreover we have not been up to a year in yet, so why the bother, I understand the fear of having too much on avg buying price from higher Market price, but this is the bull and we are sure entering another phase  of bitcoin cycle, who knows what to expect, IMO PREPARE FOR ANYTHING AND MAKE DECISIONS THAT WONT AFFECT YOU.

Yes I share your sentiment about the bear market. Indeed the bear market is a big blessing which many people are yet to understand. As a newbie or someone who is starting your bitcoin journey and hasn't accumulate enough bitcoin the bear season is the best thing you will be wishing for. Even while we continue our DCA in all market conditions, but the amount of bitcoin we will get during the bear season is never the same with the bull season. Same way you are anticipating the bear season that's how am eagerly waiting for it. For me this bullrun is not for me, it is for those who have started their journey long time ago. At this stage of my accumulation, all focus is on buying alone.

What you say is quite true, especially us beginners need encouragement to fight our emotions of lust when things are like this. I mean we don't have to take a stupid attitude when market conditions are bullish. Yes, we have to be able to resist the temptation of profit because we have done quite well building a portfolio from the past 1 year by buying and holding. But the most difficult period is fighting our desires and perhaps it will ruin an investment journey if we are consumed by the desire for short-term profits.

Of course every increase always gives rise to one reason for every decision where it comes doubt to buy because some of them are afraid of the decision they made. Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

Of course in the end, each person has to figure out his own situation and to be responsible for his own actions.  And, yeah I am in agreement that any employee recommending to a boss may or may not end up in any kind of ultimate responsibility for such suggestions, unless he is also considered to be employed as a financial advisor for the company, which is a bit unclear from how cocadalcan was framing his role in looking at company finances.

Since 2024, I have started to recommend newbies to bitcoin to consider 5% to 25% allocation to bitcoin, so I am not moving off of my general recommendation, and I am not responsible for whatever any newbie to bitcoin might do. They have to figure it out for themselves, and yeah sure they could start out with a lower target if they like and that is on them.  I am not changing my current recommendation or even asserting that they  have to figure out their own situation.. and that means all aspects of their situation without fucking up their cashflow in order to get to their target or reverting to gambling and all of that.

I presume people to be adults, and if they are having troubles being an adult, they better learn.  I have seen some pretty smart and even otherwise seemingly successful people who seem to not be able to handle their finances or to revert into gambling, and it is not going to cause me to change my general recommendation, but if someone might be telling me more specifics about his situation, then I might add some more details which might be included in the idea that I am recommending that they need to consider committing to investing into bitcoin for 4-10 years or longer, so I am not recommending bitcoin as a swing trade that is less than 4 years, and if they cannot bring themselves to that kind of timeline, then of course, they may well have to adjust below 5% until they get are able to get their shit together enough in order to be able to get their allocation up to a minimum of 5% (that I am recommending).  

Yes, some people have tighter cashflows and they are not able to get their investment level up to 5%, and should they follow my recommendation to invest 5%?  No they should not, but I am not changing my minimum recommendation (which also is not financial advise even though it seems like it could be but I have no fiduciary obligation to any one merely because I am telling them to invest 5% to 25% into bitcoin) without knowing anything else about them. They have to figure out if their financial situation is not strong enough to be able to support (or commit to) at least a 5% allocation to bitcoin.

Yes, a lot of people are new to investing so they have to get their shit together if they are going to invest by making sure that they have an emergency fund, so maybe if they they do not have an emergency fund then they should not invest 5% into bitcoin, but that is not my problem, since I am going to presume that they know enough basics of their own personal financial management to have an emergency fund, even though yes many people do not do that, but again that is not my problem - especially since it is basic financial management before investing into anything and especially if you invest into something that is quite likely (perhaps inevitably) to be volatile) and I am not changing my newly established (since 2024) recommendation that everyone (newbies to bitcoin) should be working towards figuring out how to allocate a 5% to 25% allocation to bitcoin and they have to figure out their own details in regards to how to get there or even if their own financial circumstances are ready to go there and where to go within those parameters based on their own circumstances.  

Adults have to figure out their own personal financial management shit and other aspects of their life, including their psychology and take responsibility for their choices, even if they hear stuff from other people including from randos like me on the internet, and if anyone were to want to talk with me about bitcoin in real life, I would say the same thing in person, by the way.. yet in person, sometimes we might be able to see some actual physical evidence of a person's financial and psychological circumstances by seeing how they are dressed and how they hold themselves and how they interact about topics (on the fly), and if we get into a bitcoin-related conversation, we might even ask the other person about some personal details, and the conversation may or may not go into a level of recommending anything - depending on their level of interest in the topic of bitcoin.  But in a forum like this, by default we already know that people are somewhat interested in bitcoin otherwise they would not be participating and/or reading threads like this one.


I get the sense that there might be some misleading going on, and people repeat what they hear, even when it is factually inaccurate.  In bitcoin we have price battles and we also have informational battles, and frequently the weird spins can scare normies from actually buying bitcoin or holding onto the bitcoin that they already accumulated, so again, we get back to personal responsibility, including that if we are posting the same kind of bullshit disinformation, then it should be pointed out if we are stating information that is not even true... even if it is a little thing, members should bare some responsibility over the information that they post, and try to be factually accurate, especially over information that seems fairly easy to verify.


We are not talking about shitcoins here. The tactic of buy the dip, HODL and DCA does not necessarily work with shitcoins, even if we were talking about them in this thread. Which we are not talking about them.


You seem to be contradicting yourself in the above bolded part of the sentence.  Presumptively an investor would already be in it for the long term.  There probably is no such thing as a short term investor. If you are suggesting that someone is a short term investor then they are probably a trader.

Sure, maybe we are arguing over semantics and perhaps a short term investor could be someone who is at least 4 years in bitcoin and a long term investor would be someone more than 10 years, but that seems to be quibbling, arbitrary and confusing, and so I think it is probably better to not be referring to traders as investors because that seems to be misleading - even if they are trading and gaining dollar and/or bitcoin profits and then investing those profits, they are still primarily trading and the investment part might only be supplemental to their main trading/gambling activities.. so the term "investor" comes off as misleading in those circumstances when the person is largely considering how to get in and out, especially if s/he cannot even commit to a whole cycle of 4 years at bare minimum.. and even just considering 4 years might still end up falling more into the classification of trading rather than really having an investing mindset and/or approach to the asset class known as bitcoin (aka my lil precious).


Fair enough if he does not want to DCA, yet even starting out with a lump sum investment can be enhanced with either DCA and/or buying on dips, but yeah, whatever, your boss should be able to figure out how he wants to approach his investment and to consider whether he might start out with an initial allocation and then consider at various points down the line if he might want to add to his position.  Again, any new allocation would trigger another 4-10 year or longer commitment to that additional portion of the investment, so keeping a long term time horizon is good for any additional capital added to a position, yet at the same time, all of us know that we can do whatever we want, including getting out of the investment if we change our mind down the road, but I personally believe that if anyone is taking less than a 4-10 year position, then they likely should take a smaller position if they are not willing to at least conceptually consider the investment into bitcoin in those kinds of terms.

Another thing is that if your boss is going to invest a decently large sum into bitcoin in a lump sum, then there has to be some learning involved, otherwise he is not taking personal responsibility if he is ONLY wanting to get price exposure by holding his coins through some exchange and/or third party.  Yeah, sure he can end up buying through an exchange and even custodying through an exchange, but hardly any of us would consider that to be investing into bitcoin, but instead merely investing into BTC price exposure, which is a related animal but it is not exactly the same thing.. so there is some learning that is required in regards to self-custody, too... even if it might merely be considering the purchase of a Trezor hardware wallet.


Does not sound like a good idea to me.  That sounds like trading rather than investing.


That is true.  It is very difficult to justify expecting any dip from here, even expecting a 5% dip is gambling.  Part of the reason that I suggest that guys are careful in regards to how much BTC they sell and when they sell is because I consider any sale as a likelihood that you are not going to be able to buy back, so there should be an expectation that you are not going to be able to buy back, and if you cannot frame your sale in those terms and accept those results, then you are not ready to sell, or you sold too much and you are gambling/trading rather than investing.


That part is true, and so you should not expect to be able to buy back the BTC that you had sold at a cheaper price then, right?


Now I am confused.  I cannot figure out which way you are arguing.


This last part makes sense  - but your way of getting to this conclusion seems confusing and self-contradictory.. so maybe I was just misunderstanding what you were saying.


You seem to be describing someone who had overinvested into bitcoin, and another problem is that the kind of person that you describe sounds like a gambler, because the smart thing to do if you have concluded that that you might have over invested would be to take some value off the table, and then to resume with a more prudent approach in which you can stay more focused on your goal of continuing to accumulate in a way that does not cause you to get overly excited (or emotional) about your investment.  Sure, it is difficult to set our positions so that we don't get emotional because sometimes it takes a while to build up your position in bitcoin enough in order that you can begin to feel less and less emotional about it.    It takes practice to build your portfolio in a way to at least attempt to minimize the amount of emotion, even though we are likely not going to completely get rid of the emotion, especially if we might happen to be normal people rather than bots.


that is called trading. We are not talking about trading here.


But we are not talking about that here... One of the underlying presumptions of this thread is long term investing.. and buying the dip and hodl contains those ideas.. there is no selling involved... and so if you are wanting to just buy to play the short term wave, you are in the wrong thread.


You are still off topic if you are suggesting that it might be better to trade some of your stash in order to build it better than if you were not to be trading part of your stash.  That does not seem to be what we are talking about in this thread, even if you might have figured out some kind of technique to get better BTC price performance by playing short-term waves, you are still devolving into talking about trading rather than long term investing. which is why you don't see the idea of sell in the title or even in the OP.