Topic: Buy the DIP, and HODL! - page 223. (Read 109042 times)

lol thanks, then I would say you where pretty lucky not to invest in such projects, can you bear seeing your hard earn funds going down without any hope of it ever bouncing back (expecially in newly released shit coins) . I'm pretty sure you are aware that most shit coin are just pump and dump scheme, and as newbies in this space with a funny mindset of thinking one can  get rich overnight after seeing alot of people showing off their wins they made from investing in some shitcoins through social media. And this as lead alot of newbies in making mistakes that caused them their hard earned money . Most time leaving a scar, affecting their confidence in investing. Those that started with investing in bitcoin are pretty lucky . Such people have strong faith and confidence in their bitcoin they are holding even take a look at the recent increase in price of bitcoin those that started investing on Bitcoin are already in good profit even those like us that even  claim that we didn't started our investing and holding on time and haven't  accumulated enough bitcoin in our portfolio Yet . Now imagine those that started around 2020, I don't want to even mentioned those that started around 2012 and are still holding till now , so there's nothing like investing in something that would give peace of mind and a good ROI like bitcoin.

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

IMO  I won't try to tell anyone not to be afraid, cause at the end of the day it's his choice and he would and must bear full responsibility for his actions and investment, what i would safely advice is for him to approach with a long term mindset and investment plan than to follow the current fomo of the bull run and try to take profits from it, as it stands now we can't predict anything off the market, although based on the few facts available to us we can safely speculate higher prices but we can't say bitcoin would reach this price or that is the highest point of bitcoin in this bull run, so the idea of short term investment is cancelled from anyone's plan.

Most of us are new here and taking profits should our least of worries right now cause the price us getting higher meaning we have no choice than to continue with our DCA buying irrespective of the price, to be sincere I can't wait for the bear cause as a beginner the bear market is my best case senerio untill I'm well equipped with bitcoin from up to 6 years of accumulation. I'm never said anyone should stop buying now cause you can't tell if this price would never be seen again.

So, it's better to invest with cold money that is not affected by our daily economy. So if the price of Bitcoin drops significantly, which is beyond our expectations, of course we are ready for all situations and don't experience depression or excessive stress. In the previous few pages of this in thread, there has been a lot of discussion about managing our cash flow as well as possible, so in this case of course I don't agree that they are worried about the investments they make.

First, you have to make a plan for your finances, where if you are able to invest with a budget of 5% of your income, then do that regularly in your investment journey.

Second, continue to focus on long-term expectations, where if we invest for our old age, don't think about taking short-term profits because that will disrupt our investment journey.

Start with a smaller amount to strengthen your mentality in every change in market conditions. If you are successful in doing so, there will be no worries within you.

As an investor you got to be flexible with your investment and also be ready or prepare for anything, market can go our way or go against Us sometimes (in terms of increase or decrease in price), so lately have been gathering some funds (for lumsump) for the upcoming bitcoin halving and same time continue my DCAing . Though I just started my bitcoin accumulating few months back , when I was busy wasting and risking my funds in some shit coin without getting any where. I've seen some great changes in my portfolio which as done well in inspiring me to keep driving in my bitcoin accumulating with  different strategies like DCAing. So this time around I just got to work hard in my bitcoin accumulation because I know that in a long run , my profit am going to yield is gonna  be massive.

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

Firstly, Bitcoin  is not a stable coin so it's subject to both Rise and Fall
Due to the volatile  nature of bitcoin , it hard to predict how far it could drop and at the same time Rise but what we know is it's  in an uptrend chart since 2011 so investors believe every dip( which you call decrease) is an opportunity  to get more coins because its still in an uptrend.
Along which the idea of DCA was taken into consideration  with this you can recover from a massive  drop as you won't  have to worry either the market is rising  or falling , average profit is realised over the time of DCA progresss

You are right needless to worry about the market or the price of bitcoin, because from the current price of bitcoin, and the way the price has being pumping recently, it shows that bitcoin price will reach above $150k, before the next circle will start. This shows that bitcoin is worth investing in and hodli for long, because as we can see the ETF approval have a good impact on the price of bitcoin pumping and who knows if there will still be some event that will take place in the futire that will be a good impact on bitcoin price to pump higher.

With the current price, I don't think that it is too expensive to invest as a someone who do not have any bitcoin yet, because even I am still DCAing till date, and I will continue to do that because in the next circle this price that we are seeing now might be the price that most people will see as a dip when the time comes. So this is why one need to get started or continue accumulating as long as you are in your accumulation stage. Only those who ha enough bitcoin in their portfolio can relax and watch the market with happiness because their investment is already in a huge profit.

The reason why people still ask questions like this is because they fail to understand what's bitcoin price fluctuation, as a newbie it's okay to get a little scared like when I first heard about bitcoin and investing, little did I know about the accumulating strategy and never wanting to pressure myself  when buying. My advice now is people asking same question always should read about bitcoin previous price during every halving instead of repeating same thing, although we can't compare the past to the present but it's obvious that the price of bitcoin will not decline. I Compared the price of bitcoin on leap day; during 2020 the price got to $8,717, 2024 leap day btc price got to $61,257, so it's certain bitcoin price will reach $100k this year, I have seen a lot of speculation about the price reaching $120k. If what inspired the question above about the price decreasing is fear and emotion it's best such person invest with care, I don't think anyone should invest with fear and emotion cause there's a way to deal with such when investing, fear should never be an option when investing in bitcoin the best here is know your accumulating strategy and hold properly.

Bitcoin reached very close to its last ATH, Bitcoin ATH of $69,044, and Bitcoin went as high as $68,912 in the last 24 hours ago. Bitcoin just failed to break its previous ATH high of $134. And currently the price of Bitcoin is $66,022.37. But I hope it happens very soon. I expect Bitcoin to break its previous ATH very soon.

How can you know that after the halving this year the price of Bitcoin will fall again? Meanwhile, the crypto market trend itself is still improving and there are no bad signs that Bitcoin prices will experience a decline. It is true that everyone cannot guarantee and guess accurately about the price conditions that will occur before or after the halving, but with market conditions that are still bullish like now, of course there is very little chance of experiencing a price decline except only a little. You can see in yesterday's example where the price of Bitcoin was also corrected after an increase in price on the same day.

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

If Bitcoin is not legal in your country, please be careful before you put your boss in problem. Like you said, he has a reputable organization and your government will not ignore if they find him involved in something against the law. Even though your intentions are genuine, you should also consider safety of your boss and his business.

I will advice you to limit your involvement in this because nothing separate friends more than money. If he goes ahead to invest in Bitcoin through his friend and at the end of the day the friend plays a fast one on him probably when Bitcoin would have risen so high, the entire blame will be shifted to you. Investment in Bitcoin should be something an individual should do by himself out of personal conviction and not through proxy. Now as Bitcoin is banned in his country, he will not have any legal basis to challenge his friend should their be any dispute as a result of the investment.

It is the expectations of Bitcoin investors that price of Bitcoin will rise further after the halving but there is no guarantee on this because no one can know for sure what will happen in the future. The best we can do is predict and hope it happens as the power to force it to happen is not in our hands.

Finally, long time investment does not really worry too much if price will rise or not, the main concern is usually to adopt a method of buying so that the investor will be patient with the market, not being in a hurry to sell. If in the future the ban on Bitcoin is lifted in your country, you can advise him to use the DCA method so that his mind and emotions will not be too attached to it. As he is worth over a million dollar, he can afford to put in a thousand dollar or more on Bitcoin per week without feeling it.

well, I don't know the level of restrictions that the effect of the ban has on creating a wallet and just buying but I believe if he is interested to buy he can figure things out. Most countries that kicks against Bitcoin and that have in some cases sent out statement regarding the unacceptability of Bitcoin in their countries tilth more to kicking against Bitcoin mining and disallow their commercial banks from accepting any form of Bitcoin transactions in the banks. It's what's happening iny country, their are obvious restrictions mainly on the use of banks for storing crypto assets but as long as you can do it outside of the government regulated financial institutions, you won't be bothered by any agency at all.

Maybe if you have been more detail about the country you're talking about it would have helped us narrow down our advice to you but since you are already involved in crypto in technically means that the restrictions isn't all that serious and if you're knowledgeable enough to guide your boss on how to go about creating a simple wallet amd start buying, that would be a good place to start with.


since your boss already have a sustainable source of income, there is nothing too much to be worried if the price of Bitcoin will increase or not during the halving since it's advisable he buys it now and allow it stay for at least five to ten years so he can get a reasonable profit out of his investment. From the current trend and movement of the Bitcoin price, it will definitely increase above it current value and so even if he is interested in some sort of short term based investment it would probably not be to his disadvantage but that's  definitely not the best for him. being concerned on what will happen to the price of Bitcoin immediately after investing isn't the right thing to do and wouldn't put you in the right state of mind to HODl till the right profit comes out of your investment.

Id you're able to sort things out on the possiblity of investing in your country, try to talk things through with him not to look at making his investment as a short term adventure so he doesn't come hard on you whenever thier is a slight fluctuation in the price of his holding. Remember it's a responsibility you have to follow up with cause you don't want to deal with an impatient boss that feels you're the reason why his investment hasn't yielded his intended profit when in the real sense he hasn't waited enough.
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Yes that's right.. since for the past many years, I had heard and knew about Bitcoin but was not aware of Bitcoin Forums. I'm trying to take proper knowledge the transaction of Bitcoin, trading, and it's wallet. Hopefully I will get help from the forum. I know, where to invest before it is necessary to know about it.
My Boss is so smart about his business and investment, my job is to show the path of profit and loss, my boss is the owner of making decisions.

Maybe, problem of coding..... system.

I believe it's too early to think about Bitcoin's market "sustainability". How many Bitcoin users are there today? How many more users in the world are financially underserved? There simply is too MANY.


But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯

well, I don't know the level of restrictions that the effect of the ban has on creating a wallet and just buying but I believe if he is interested to buy he can figure things out. Most countries that kicks against Bitcoin and that have in some cases sent out statement regarding the unacceptability of Bitcoin in their countries tilth more to kicking against Bitcoin mining and disallow their commercial banks from accepting any form of Bitcoin transactions in the banks. It's what's happening iny country, their are obvious restrictions mainly on the use of banks for storing crypto assets but as long as you can do it outside of the government regulated financial institutions, you won't be bothered by any agency at all.

Maybe if you have been more detail about the country you're talking about it would have helped us narrow down our advice to you but since you are already involved in crypto in technically means that the restrictions isn't all that serious and if you're knowledgeable enough to guide your boss on how to go about creating a simple wallet amd start buying, that would be a good place to start with.


since your boss already have a sustainable source of income, there is nothing too much to be worried if the price of Bitcoin will increase or not during the halving since it's advisable he buys it now and allow it stay for at least five to ten years so he can get a reasonable profit out of his investment. From the current trend and movement of the Bitcoin price, it will definitely increase above it current value and so even if he is interested in some sort of short term based investment it would probably not be to his disadvantage but that's  definitely not the best for him. being concerned on what will happen to the price of Bitcoin immediately after investing isn't the right thing to do and wouldn't put you in the right state of mind to HODl till the right profit comes out of your investment.

Id you're able to sort things out on the possiblity of investing in your country, try to talk things through with him not to look at making his investment as a short term adventure so he doesn't come hard on you whenever thier is a slight fluctuation in the price of his holding. Remember it's a responsibility you have to follow up with cause you don't want to deal with an impatient boss that feels you're the reason why his investment hasn't yielded his intended profit when in the real sense he hasn't waited enough.

I'm doing a job to a reputed organization as a PS of owner. Last December, I told my boss to invest the Bitcoin but he didn't agree. However, he has million dollar into the share market. I'm maintaining his all accounts, and try to convince him by showing the bitcoin graph..recently he has shown interest in buying Bitcoin but it's not yet legal in our country.
My boss already talk to his friend who staying in USA.. sometime he goes their. I hope he might be invest in Bitcoin within future.

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

Bitcoin prices fall to rise, and Bitcoin prices rise to fall. So I think it's normal for Bitcoin price to go lower and higher, Bitcoin price uptrend in the current time will definitely be lower speed. After the halving takes place, the price of bitcoins will go down, but we will accumulate bitcoins regularly. And leave it for a long time...

Of course, it is up to you how to treat these matters, and each of us has to take responsibility for his own decisions including being ready, willing and able to accept that the price might go up without coming back down.. sure there are always going to be corrections and sure if the various ETF providers are pushing the BTC price up, they are likely stimulating more HODLers to agree to release some coins, but it may well not be enough.. so we could end up gravitating up to the $120k to $180k range and then just staying there in the later part of 2024.. . and that is just one scenario.. that may or may not happen, so whatever you do should attempt to be o.k. with a variety of possible scenarios..


..so yeah.. how to apportion yourself for that possibility?  Not easy, but still choices have to be made based on individual particulars without causing yourself to overdo it at the same time. 


Fuck shitcoins.  Who cares?


If you are new to bitcoin or you are a low coiner, you probably don't have a choice except to buy now, otherwise you are not prepared for up (that may or may not happen).


Historically when it passes through the previous ATH it tends to keep going up... but hey, you can read it however you like.  I doubt that there is any reason to worry about topping until some where in the $120k to $180k range, and most likely the upper end of the range - even though corrections can surely happen at any time, even when there is ongoing, persistent and consistent UPPity price pressures, like we are currently experiencing with the spot BTC ETFs and other related ongoing buying pressures.


You sound like you are worried about the top.

If we go by your forum registration date, you have been in bitcoin at least 6 months longer than me, so you should have already gotten used to these kinds of matters, and I have my doubts about needing to worry about tops, yet or profits..

But if you have been in for a while you can take profits whenever you like, so you should already be beyond your accumulation stage.. at least in theory.. this thread is about accumulation. rather than worrying about whether or not to take profits.


If you are new to bitcoin, it would not be smart to wait.  It ONLY makes sense to wait, especially in times like these, if you have already accumulated a decent amount of BTC.


It is hard to give anyone advice, and they have to be responsible for their own actions (or inactions).

So the best thing is to get the fuck started and the ONLY way to prepare for UP is to have some bitcoin, and if he is worried that the price is going to go down, then he needs to be prepared for either, and you cannot really tell him how much to invest or if he will be profitable, but if he is coming to bitcoin, he should plan 4-10 years or longer if he wants to invest, but if he wants to gamble, then that is on him.  You can tell him "if you want to gamble that is on you.  I don't gamble with my bitcoin."

If he is gambling then he has to figure that shit out for himself, and you should not take any responsibility, except maybe tell him to consider long term strategies rather than short-term strategies and adjusting his position size in order to account for long term, and if he wants to do other things, that is his choice.  You are not taking responsibility for his actions whether he follows your suggestion or not, he's gotta figure some of what he is going to do out for himself, and make his own balances, prioriities and risk choices. .including accounting for his 9 factors.

It's clear that Bitcoin's bull run has just begun. In my personal opinion, to trigger the fomo of market and pull new players into the market, the Bitcoin price will have to at least double the peak of the previous cycle of about 120k USD or more. In addition, the recent strong buying of ETF funds has made the amount of Bitcoin in circulation increasingly scarce, combined with the fact that the amount of Bitcoin mined will decrease by half after the upcoming halving event, this contributes to increasing the demand for Bitcoin extremely. I think it will be very difficult to predict the price of Bitcoin at the peak of this cycle when there is the participation of large organizations with abundant funds. Be calm before the market waves, don't let your Bitcoin fall into the hands of large organizations lurking out there.