Topic: Buy the DIP, and HODL! - page 223. (Read 135878 times)

I think the first thing that needs to be questioned  is what I'm  I investing on and how will I get a good ROI from it and this should  be done before anything...

I didn't get what you are trying to pass very well but I do get an idea that it's  about investing without proper knowledge about an investment...and  you used the case of a dip as an instance that might make an investor to withdrawing his/her investment if I'm right...

Anyone who invest on something  must have heard and done research about it... you can't blindly invest In what you don't  know
Although, Using the case of Bitcoin as an example  learning  and understanding  bitcoin  is on a large scale  which will take years to understand not even completely but getting to know and research on what's it's all about shouldn't take more than a day... so there's no excuse of "Blind investment "

Majorities of investors who withdraw after a dip are short term investors  it's  not that they don't know how Bitcoin works but they are just after the short term profit which they feared they might not get after a dip.
Bitcoin doesn't work that way .. there's only one way to panic which is short term investment  , however  a long term investor need not any worries about a dip as its always considered as an opportunity  to buying more.... Learning never stops actually you might want to always remember  that

@Mayor of ogba, we are both heading in similar way. Am just of the opinion that using a timeframe in accumulating your bitcoin will help the investor to effectively plan on how to allocate his money into his bitcoin investment either on weekly or monthly basis. The investor will also have a clear expectation which will help him to know if his success rate based on the amount of portfolio he was able to accumulate within the period and not just in a haphazard manner as though you don't have a lead way to somewhere exactly.

If you are long term investor , you can always buy bitcoin without waiting for it to dip more especially if you are using DCA method to accumulate bitcoin ,your target should be to get a reasonable amount of it in your portfolio. But it is wrong to  think that all investment in bitcoin  is because the investor want to make good profit at the end .people can invest in bitcoin in a way to retain value. Just imagine you have $3000 at your disposal and you want to retain this money for a longer time. You can invest it  in am asset that won't lose value. So it is wrong to think that all investment is aim at making good profit

There is no specific amount of bitcoin to accumulate when you are investing your money in bitcoin; you can accumulate bitcoin based on your greed level. Some people might be satisfied if they accumulate 1 bitcoin, some will be okay with 10 bitcoins, and so on. The time for you to diversify your investment should be when you have accumulated the quantity of bitcoin you want to accumulate. Don't diversify to any other coin since you have accumulated the quantity of bitcoin you want. You can diversify into physical businesses such as real estate or selling commodities, which will help you generate more money, and you will not be in a hurry to sell your bitcoin to get a better life. You can depend on your business to cover your living expenses until your bitcoin investment gets to the year you want to sell it.

When you always stick to the golden rule about investing only what you can afford to lose even if it's little as long as you decide to invest in it for the long term, you will eventually become successful and also while you are holding some bitcoins, you need to make sure that you have all the knowledge how to prevent yourselves from getting hack of getting victims to those exchanges that are suddenly close. Having enough patience and knowing where to go to catch positivity when the crypto market is not looking well is also an important aspect of this journey because people are panicking when they see all-red in the crypto market while others are just chilling because they know exactly when it would gonna happen.

So when someone makes an investment, is advised to use funds that they do not need for other purposes and also if they fail in the investment they make then this will not cause them to experience financial difficulties as a result of the investment they make and hinder their investment in the long term. this is very important because they have to be patient in order to get a profit from what they invest.

To be patient in investing, we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.

Yes, an investor is being sceptical when there is no enough knowledge on what to do and how to do it while considering the risk management factors. If we are to look at the most simple investment, Bitcoin is actually among the most easiest one can deal on, would be a matter of getting the required knowledge on the strategies to be implemented and seconded by discipline during the accumulating process. An investor should be open to get/learn different information but doesn't mean to practicalize it into our investment untill that information is confirmed valid enough.

Regards to the issue of investing what one can afford to loose which connote money one will not border much to withdraw or sell off has been a bedrock if discussion since the forum is created I believe people who still get confused with statement like this need more to read in most pin post.
To invest on Bitcoin what you can afford to loose is very important this don't signify is gambling but money that will not border you to sell after being invested this don't happen to investor by mistake but by proper planning  BTC investment need a good plan and many of the plan has been discussed virtually on daily basis here which includes emergency fund or reserve fund having other sources of income and engaging on stable income source.

Of course, every investor should make a decision to invest in Bitcoin based on holistic considerations. Overall consideration here is the possibility of high profit or investment loss. Consideration of disposable income as capital and the expectation of potential profit associated with it certainly helps to consolidate the consistency of each buying. Future determination of hard-earned income and the decision to hoard Bitcoin is definitely going to be positive as the system has often cheated one following the historical footsteps of the local currency investment journey.
An investment decision with potential returns like Bitcoin and its past price history is certainly a beacon of hope for small investors like us. Although you always say it can be high and it can also go to zero. Your whereabouts must be reasonable because none of us are sure where its value will go. But I think behind the negative attitude we must keep the positive influence which can encourage us to accumulate more Bitcoins. Long-term trends in holding and holding during bullish and overbought each dips.

What he said about investing the money you can afford to lose is not about trading or gambling with your bitcoin investment, but a step that must be taken to help us have a good bitcoin investment that we will not sell in the short term. This is the problem so many investors are having with bitcoin investments that makes them sell their bitcoin investments so early to survive. When it comes to bitcoin investment, we should not invest our whole money in it, so that we will not even think about selling it one day to survive. We should invest the money we can afford to lose or we can do without for a long term so that we will not find it hard to solve our problems.

Shitcoins are indeed a complete bad news for any investor, and the problem with lots of people who claim to be investors is that, they believe feeling their bags with variety of shitcoins would give them more advantage for more profitability, which is quite a flawed mentality.

I've been in the crypto space for quite some time now and I've come to realize that getting involved with shitcoins would only mean one thing, and that's gambling with your money, and we all know what the outcome of gambling usually is.
You'll end up losing your money and that's it, I know a lot of people would say they've made cool profits via shitcoins trading but even if this is so, what exactly do they usually use the money for? They'll simply buy more shitcoins and that's how they'll lose it all.

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Bitcoin long investment doesn't requires buying at low price in order to sell at high price, one can buy even at the peak price so far the intention is to buy and hold for longer period of time, prioritizing buying at low price to sell at high price can be more of trading strategy but when it comes to Bitcoin long term investment one can buy at anytime the money is readily available for investment irrespective of the price point , what is most important is achieving a good size of Bitcoin up to a reasonable amount which will put you in good profits.

The basic concept will go according to plan and must use a long-term strategy by implementing the DCA technique. It is very difficult to expect that within 2 or 3 days the investment value will start to increase in value because the movement is still unstable or for other reasons due to increasingly uncertain market sentiment. Bitcoin, whose direction of movement is very difficult to predict, requires investors to be more patient in highly speculative Bitcoin investments. Using the DCA strategy can enable you to collect Bitcoin consistently and accumulate assets depending on the amount of money you are ready to invest. Buying at a low price and selling at a high price is one of the concepts and goals in investment. You can buy and hold it for the long term to get the profit you expected when you started investing.

Sorry I don't believe that investing and trading has same formula reason because the two have different meaning and are somehow not related.  Investing has to do with putting what you have that is worth it and then allowing it for some time or maybe years in order for what you put to improve or grow beyond it's initial value while trading is buying something when it is cheap with the hope that within a short interval of time the price will increase and then you sell it off which is very risky cause your analysis concerning that particular trade my be wrong thereby making you to lose money and this is a different case with investment, the fact that both aim is to make profit that doesn't mean they have same formula.


To me investing in decent amount simply means investing with good amount of money cause the word decent is more like good or moderate if you check well. The reason why most people shut down their investment is because of mismanagement of funds and mindset of making huge profit without considering what is at stake. If someone knows how to manage funds I don't think investment would be a problem cause whenever you have money, like say $2k you already know how you are going to share it so that you won't get stranded to extent of going to touch your investment. Everybody wants a good profit but that doesn't mean one should take reckless risk, to an extent
I believe theree are some risk that is not worth to be taking but most people don't know.

Any money you invest into bitcoin should come from disposable income.. so by definition it is extra money and/or money that you can afford to lose.

Your bitcoin investment could go to zero, so any money you invest could be lost 100%, and you should be prepared for that possibility with any money you invest into bitcoin.

That is not about gambling or trading.. and including if you are investing into bitcoin 4-10 years or longer, you also would not be expecting to need any of your money that you invest into bitcoin in the short term, and you are also not guaranteed to get your money back in the long term either, but surely if you are invested into bitcoin 4-10 years or longer, you will likely see the extent to which the value of your investment into bitcoin ends up going up, down or sideways, and you would be able to make further plans based on how your bitcoin value is performing as you might continue to invest into it or maybe you go into some other status, such as merely maintaining it or liquidating it... but those would be down the road considerations, a tend the value is not guaranteed to be positive or beyond zero, but surely we already likely realize that there are various scenarios that are also possible that bitcoin prices (value) could be multiples and/or magnitudes higher than it is now, even 1,000s of times, but none of that is guaranteed, but instead there are various possible scenarios that are still to be seen in terms of how they might end up playing out in the actual future versus our speculation about how the future might end up being.

What then could be said to be the right amount of bitcoin to accumulate till it gets to where you can be satisfied with it been much enough? I think in terms of knowing when to diversify into other investments the duration of years a bitcoin investor planned on accumulating using DCA strategy is what is important to knowing when you can them decide to diversify into other areas of investment. Without a prior set duration mapped out for oneself the investor may have not time bond target with his investment which could make him miss opportunities even in a right time to take profit.

When talking about coin you should be specific about the coin you are talking about because there are several coin in the Market so you won't mislead other newbies or new investors to go and invest into shitcoins or aitcoins because of not been specific. And besides as a new investors it is not advisable to diversify your Bitcoin investment journey without accumulating much Bitcoin, with your DCA strategy you can accumulate much Bitcoin on a regular interval either weekly or monthly as long as you have set aside your emergency reserve and float fund, then after much you can choose to diversify into what that will still generate more income for you so you can be able to hodl your Bitcoin investment for a longer period of time.

Investment is not for gambling, meaning investment is not for counting days like 3 days, but investment can take 2 years or 5 years. If someone only wants profits in 3 days, of course that is not an investment. I think a beginner must understand the time frame they want to target in the investments they make. For this reason, the best step that we can adjust is to set the time with a budget that we can afford to invest.

For long-term investments, it is certainly better to use the DCA strategy because with DCA we can find purchases at the lowest prices. And also we are not burdened by situations regarding movements or declines because we continue to buy every week. One-time purchases are usually made by those who have large finances, where they make one-time purchases in large quantities and hold them for a long period.

I don't know if I'm getting you right but why do i feel that  your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

You are making misleading statements - including that we are not in a compare and contrast trading/investing thread.

This thread is not about trading, which you should be able to determine that based on the title and the OP in which selling is not part of the way to accumulate more bitcoin for the long term.

Yes... investing in something volatile like bitcoin does involve the concept of using money that you can put away for 4-10 years or longer and also that you do not have any expectation that you are guaranteed to get any or all of it back or that you are going to make profits, even though you are investing because you consider that bitcoin is a good place to put value in that 4-10 years or longer time frame.

In regards to what money or how you think about money that you dedicate to trading and what are the principles for that, who fucking cares?  it is not relevant to this thread... regarding how to trade, why to trade and how to play those kinds of games that may well amount to gambling.. and sure, you should try to make sure that you don't need that money for your living expenses.. but in the end, we are not talking about gambling, selling and/or trading in this thread.

Selling is not even a very good way of thinking about how to accumulate bitcoin.., if the goal might be to figure out ways to accumulate bitcoin, which seems to be the topic of this thread.. What are the various ways to accumulate bitcoin?  selling is not part of the ways that we are discussing.. but we are discussing various ways to buy bitcoin and also the idea of holding bitcoin (perhaps when you run out of money or maybe in other circumstances that you might consider selling prior to having had accumulated an meaningful and significant BTC stash size.


I agree with you here.  So if you invest into bitcoin, and you realize that the most that you could lose is 100% of what you invest, then you should be trying to figure out an amount that you are willing to put into bitcoin and still be willing to just let it ride with a realization that you could lose up to 100% of what you put into bitcoin.  Surely you are better off if the BTC price goes up rather than down from the time that you invested into it, but again there is no guarantees which way the BTC price is going to go in the short term or in the long term.


Surely guys can figure out various kinds of timelines or other BTC accumulation goals that they might have in such a way that might cause them to convert from being in BTC accumulation mode to BTC maintenance mode and then maybe further down the line to BTC liquidation mode.. .. even though surely many of us consider that there are likely ways to sustainably withdraw from BTC, so there may well not be circumstances in which any of the longer term investors would need to completely liquidate or cash out from their BTC, absent some specific circumstances such as death or other emergencies like that in which there might not be any plans to pass down wealth to others.


Ok.  no problem.. BTC prices have a chance to go down, but so what?  how are you going to make your plan to account for such possibility? 

BTC prices also have a chance of never going down below $67k ever again.  Are you prepared for that scenario too?

There are ways to attempt to prepare yourself for either scenario because you do not really know, however, you do know that there have been times in BTC's history that it never goes back down to some price point that it had previously been hovering at. Do you need me to give you examples of that so that you can adequately and/or sufficiently account for those kinds of possibilities, too?

Your emphasis on the down scenarios causes me to speculate that you may well be spending too many energies thinking about such a thing that may or may not end up happening.. ... and even if it does end up happening, if a person has a cashflow then surely he would be able to just continue to DCA, but yeah, if he had invested $5k into bitcoin in the last 22-ish months (going by your registration date), and he continues to buy around $50 per week, then how much value might he be holding back to buy on dips?  Maybe he set orders from $66k down to $40k to buy $50 worth of bitcoin every time the BTC price drops (if it drops) (which adds up to around $1,300 ($50 x 26)... does he need to do more than that?.. how much can he afford to hold back, if any? 

Maybe already having had gotten up to $5k invested over nearly 2 years does not really feel like enough, but he has his own constrictions, and maybe if he feels that he already bought enough BTC in the $60k to $70k price range, he does not want to place any additional orders in that range (besides his knowing that every week he is buying $50 worth of bitcoin and if the BTC price is in the $60k to $70k range, then he buys in that range, so maybe his BTC buy orders start at $60k and they might still go down to $40k-ish, but they end up being $65 each ($1,300/20) rather than the previous considered amount of $50 each.. And at the same time, the guy might consider that going down to $40k has pretty damned low odds, but questioning if he still might feel better to keep his buy orders active.. just in case, even though he believes that the odds remain pretty low that the BTC price is ever going to go down to $40k and he does not even believe the odds are great for the BTC price to go below $55k, but he still considers for his own state of psychology that it is better for him to maintain those BTC buy orders all the way down to $40k... just in case.


In your earlier post, you seemed to have had suggested that there were difficulties involved with figuring out allocations.. Sure, everyone has to figure out his/her particulars, but the skills should be within our grasp to be able to figure out those kinds of matters and even to improve upon our choices with the passage of time and the more that we practice putting our preferences into a series of ongoing actions.


Yeah but so what?

Do we have a lump sum available, and if so what are we going to do about it? If we do not have a lump sum available, then we figure out various aspects of our disposable income to figure out how much of our disposable income we want to put into bitcoin and on what kind of a timeline.  I personally like the idea of weekly investing, but yeah, there may be some points during our process of already buying BTC regularly (such as $50 per week), and then all of a sudden we figure out that we have $2k extra that we can invest into bitcoin.. so then at that point we have the option to figure out what are we going to do with that $2k extra? Are we going to buy BTC right away with all of is or some of it?  maybe we might divide it into 3 parts of $666 each so that we can put equal parts into DCA, lump sum and buying on dip.  Otherwise, maybe we decide to ONLY divide into two parts, and lump sum buy right away with $1k and dedicate the other $1k for buying on dips (since we already have a DCA system in place.. but yeah, if we already have a buying on dip system established, then that could affect how much we might want to add to the buying on dip system or to otherwise adjust how we want to actually put our extra $2k into some kind of a practice).


Personally, I don't tend to like the idea of just randomly holding some amount for some random dip that might or might not happen, and I personally like to already dedicate the amounts of the buys for the dip in regards to specific amounts at various intervals all the way down to some bottom amount.. so I personally don't like the idea of "playing it by ear" in regards to any buy on dips that I might consider making. 

Sure from time to time there might be some money that comes in that is not really allocated towards anything, and I suppose that extra money might be considered as a kind of float, since it has not been ear tagged for any particular kind of category of thing, whether investment, consumption or just vaguely cushioning for some uncertainty in cashflows that might exist from time to time.

From my perspective, anyone who just holds some value on the side (just in case there is a dip), and has not really decided at what price points he might be buying is probably a bit lost in terms of his own setting forth parameters for his BTC buys.. like a lost puppy... hahahahahaha.. but yeah.. whatever, you do you.. I understand that there are people who like to play matters by ear, which seems more like a waiting strategy rather than an active strategy, but there could be justifications for the employment of such strategies, including that there is a certain need for a float in the budget, and the amount is largely being held as a float... but yeah, sometimes we also might need some specific examples too.. if we are trying to categorize what funds might be being used for or why they are being kept in the way that they are being kept.

At most times expenses varies in weeks and even in months differently hence am not really in support of having a fixed amount of money for investment, what can be considered as basic needs should be taken care of firstly before considering your investment, your investment must not be fixed amount what matters most is how much consistence you are irrespective of your variation of your invested amount so far you are comfortable with it which will make you not to sell prematurely to settle your other needs while trying to be investing fixed amount of money.