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Topic: Buy the DIP, and HODL! - page 240. (Read 109010 times)

full member
Activity: 266
Merit: 187
February 21, 2024, 10:51:56 AM
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.


I agree with this, the first pictures shows how people thinks holding to be very smooth and easy going why the second picture implies holding in a rigorous way, is a clearer diagram expressing that there is much to be done aside from purchasing your Bitcoin that will enhance your level of holding in other to achieve your goal, good investment management skills, conducting research and making corrections when necessary, the second diagram shows it clearly that holding comes with challenges which every idea investor should be aware of to enable them navigate to  their final destination. Understanding the reasons for your holding will definitely make you hodl stronger than you even planned.
full member
Activity: 182
Merit: 120
#SWGT PRE-SALE IS LIVE
February 21, 2024, 10:35:49 AM
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.

This illustration is understandable and looking at the illustration it shows holding is not as easy as most people think, I came across a comment in bitcoin discussion and a higher rank member stated during his early stage he sold his bitcoin due to fear and others factors, fear of missing out can also ruin an investor journey or excitement to sell sometimes can also lead to bad investment journey.
If an individual is ready to invest he/she must first understand how this investment works, for example bitcoin investment has basic strategy and step to follow when investing and the common one is called the DCA strategy, a lot of people prefer using this method rather than buying in bulk at ones and it's mostly advisable for newbies who are new to the investment. Secondly having a target for long term holding is another important move, like set yourself ready to hold for long regardless the price, after this step you can look forward to learning about bitcoin and increasing the amount  graudually to build your investment. Lastly always secure your investment, I think this has to be the basic problem people face with holding bitcoin with lack of security.
sr. member
Activity: 98
Merit: 55
February 21, 2024, 10:02:28 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool
Yes I understand your point, people who are trying to climb up the ladder when it comes to investments shouldn't be more concerned about diversification, when it is obvious that our funds are not even enough to buy us complete 2 or 3 bitcoins. Plebs has no business with diversification as we might run into trouble trying to do that. Diversification should be for people like Elon Musk and likes of them who have lots of billion dollars. Plebs should stick to the golden opportunity that bitcoin has given to all of us and hodl it as the only way to climb up the ladder. Yes it won't be over night but if we act according to the name of the thread buy and Hodl we have a chance.

I agree with you on this, we have no business diversifying for now and many of us couldn't even afford to buy up to 4 bitcoins at once to think of diversifying, we are not talking against diversifying but it shouldn't be for early investors like us that still have a long way to go, but if you have the funds and you dont want to feel over allocated then its fine, but for me I'll prefer to build myself up in terms of cash and bitcoin before I think of diversifying my portfolio.

I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.

IMO to diversify in alt coins is just like gambling with your money, and most of all they they depend on bitcoin for their value, what's the need to drink from a well, when you could go to the ocean, I can't put my money in any altcoin, investing in bitcoin is okay for me and It would yeild greater result and is more safe than investing in Altcoins, besides the alcoin market is filled with scam projects and shit coins with no rela world utility, and they are not even solving any problem, some even have poor management or evil schemes surrounding them.
sr. member
Activity: 336
Merit: 272
February 21, 2024, 09:31:01 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool
Yes I understand your point, people who are trying to climb up the ladder when it comes to investments shouldn't be more concerned about diversification, when it is obvious that our funds are not even enough to buy us complete 2 or 3 bitcoins. Plebs has no business with diversification as we might run into trouble trying to do that. Diversification should be for people like Elon Musk and likes of them who have lots of billion dollars. Plebs should stick to the golden opportunity that bitcoin has given to all of us and hodl it as the only way to climb up the ladder. Yes it won't be over night but if we act according to the name of the thread buy and Hodl we have a chance.
hero member
Activity: 2520
Merit: 783
February 21, 2024, 09:13:54 AM
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time,

This is indeed a good visualization about how holding experience will gonna be like and its not really easy as they think since we need to deal with emotional stress brought up by series of pump and dump happening in the market. There are heavy fuds that we can encounter that can change our decisions and this is big trials that needed to pass so that we became successful. I know at start its really hard to control our emotion especially if there's a lot of people posting some negative statements regarding on the news that's why it somehow affect our decision to hold and dump because we don't want to suffer from heavy consequence that brought up by corrections.

But once they experience all of it and they encounter those bull runs and bearish market scenarios for sure they can eliminate the fear then also will just think about that this is just part of the challenge and they can hold their emotion since they have goal set that need to follow.
sr. member
Activity: 322
Merit: 224
stead.builders
February 21, 2024, 08:56:35 AM
I consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins.
I agree with you, @Tmoonz, because after we have completed our bitcoin accumulation plan, if there is a need to diversify our investment, we should start a business that will generate money that we can use to solve our daily life problems, and it will allow us to hold our bitcoin investment for the long term because it will be a source of income that we will use to solve our daily life problems, and we will not depend on our bitcoin investment to solve them.
Using profits from investment returns from Bitcoin will certainly be very good and if we get profits from the business we are running we can still invest in Bitcoin again, because by having several sources of income this will make it very easy for us to meet our needs. we will need in the future and we will still get profits that we can use for our daily needs from the business.
There is nothing wrong with using some of the profit you are getting from your business to invest in bitcoin. But I don't support someone buying bitcoin at a low price and selling it at a high price for short-term profit because it is like someone who is gambling, and you might end up not accumulating bitcoin if the price doesn't reduce to the point where you want to buy it back. Before you invest in bitcoin, know that bitcoin investment is a long-term investment, like a minimum of 4 years before you can get a good profit that can change your life. I will advise you to accumulate bitcoin with the DCA strategy and hold it for the long term. Before you do that, make sure you have emergency funds that you will use to solve your financial problems so that you will be consistent in accumulating your bitcoin.
sr. member
Activity: 266
Merit: 205
February 21, 2024, 08:51:53 AM
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.

I partially agree with you, but holding will be very challenging if you don't knows what it takes and what measures for you to put in place for you to hold effectively, but if you are aware that you just need a source of income and an emergency fund that will keeps you going so that you wouldn't have to fall back to your investment when encountering financial troubles, so if that two things are already in place, it will be much easier for you to consolidate to your holdings without troubles.
sr. member
Activity: 434
Merit: 316
February 21, 2024, 07:56:18 AM
I consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins.
I agree with you, @Tmoonz, because after we have completed our bitcoin accumulation plan, if there is a need to diversify our investment, we should start a business that will generate money that we can use to solve our daily life problems, and it will allow us to hold our bitcoin investment for the long term because it will be a source of income that we will use to solve our daily life problems, and we will not depend on our bitcoin investment to solve them.
Using profits from investment returns from Bitcoin will certainly be very good and if we get profits from the business we are running we can still invest in Bitcoin again, because by having several sources of income this will make it very easy for us to meet our needs. we will need in the future and we will still get profits that we can use for our daily needs from the business.
The reason for diversification of investment is not because we need money for daily needs and expenses. Maybe you are mistaken all the points he said. Before you start investment it is important you should be certain that   there is a source which can provide your daily needs and emergency funds. If you dont have that part settled dont start any investment. Diversification is done to help build a bigger picture of your investment portfolio so that you will have so many places which will give you future benefits.
member
Activity: 348
Merit: 29
February 21, 2024, 05:41:17 AM
I consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins.
I agree with you, @Tmoonz, because after we have completed our bitcoin accumulation plan, if there is a need to diversify our investment, we should start a business that will generate money that we can use to solve our daily life problems, and it will allow us to hold our bitcoin investment for the long term because it will be a source of income that we will use to solve our daily life problems, and we will not depend on our bitcoin investment to solve them.
Using profits from investment returns from Bitcoin will certainly be very good and if we get profits from the business we are running we can still invest in Bitcoin again, because by having several sources of income this will make it very easy for us to meet our needs. we will need in the future and we will still get profits that we can use for our daily needs from the business.
hero member
Activity: 952
Merit: 555
February 21, 2024, 05:40:47 AM
Don't expect holding without challenges

https://twitter.com/rovercrc/status/1759255957006139651?t=0NPU8k18o81QEJ1MCkWLLQ&s=19


Maybe many will have to understand this that when we are talking about holding, it's not just what you can get into and invest to hold, you have the task ahead to do, starting from the way you will conduct your own research, understand the reason why you should hold, the duration for your holding and how you could make the best of interest while still holding before a particular period of time, from my previous post, I made mention of not afford investing on other assets first before Bitcoin, which means, if you're a potential investors and is having a lot of considerations for an investment, Bitcoin is the best and 3asy way to start up with.
sr. member
Activity: 322
Merit: 224
stead.builders
February 21, 2024, 04:50:27 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

I consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins.
I agree with you, @Tmoonz, because after we have completed our bitcoin accumulation plan, if there is a need to diversify our investment, we should start a business that will generate money that we can use to solve our daily life problems, and it will allow us to hold our bitcoin investment for the long term because it will be a source of income that we will use to solve our daily life problems, and we will not depend on our bitcoin investment to solve them.
legendary
Activity: 2898
Merit: 1823
February 21, 2024, 04:29:29 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool

Well if they only have small capital to used then I think they should not focus to hold since there's nothing gonna happen with them if they only decide to hold the small amount of money since if they calculate the profit they get for long term for sure they can only get less that's why instead of focusing on one thing much really better if they split their investment to half and use the 50% for trying to make your money grow by either you trade it or use it on other options that you think can give you a decent profit. The half is automatically for HODL. For sure people will see the best result if they try to find ways to make their bitcoin grow since this can give much better result especially if they are wise taking those good investment online.

I also know its hard to achieve to get good profits or the passive ones but if we gain a lot of experience especially dealing with those risk for sure we can figure out what's bad and good investment for us.


But get the context, ser. When I mention "small capital" for investing, it's somewhere between four figures to - let's say an amount that starts the five figure amount - $10,000. Compared to Warren Buffett or some other institutional asset manager's billions, that's absolutely very VERY small.

But if your presumption is starting from a mere few Dollars, then it's either save more to buy the DIP and HODL, or do DCA then HODL which STILL are good paths to start your Bitcoin investment journey from zero. But if you suggest that they "trade", and "trade" with leverage then may God be with them because 90% probability is they can't win against the professional traders and their army of bots.
full member
Activity: 266
Merit: 187
February 21, 2024, 04:15:28 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.
hero member
Activity: 742
Merit: 529
casinosblockchain.io
February 21, 2024, 04:13:46 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool
@WF you're very correct as this is true that diversification has so much to do with the amount of capital involved to invest, and in every business the capital significantly determines the profit size to be made from the investment. Let me borrow your word plebs, IMO in as much as your investment capital in bitcoin is not running in hundreds to millions of dollars and above then you should be considered a pleb and need not have your capital scattered all around into different coins or other cash investments like gold and real estates all in the name of diversification, the ROI from those scattered investment when accumulated can amount to a peanut compared when you have to go all in concentrated in bitcoin HODLing for a five year time or more.

 The crux of the matter is that one can diversify and still encounter losses in all particularly when you go into the wrong type of investments order than when you chose to sit your portfolio all in bitcoin.
sr. member
Activity: 1022
Merit: 363
February 21, 2024, 03:43:20 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool

Well if they only have small capital to used then I think they should not focus to hold since there's nothing gonna happen with them if they only decide to hold the small amount of money since if they calculate the profit they get for long term for sure they can only get less that's why instead of focusing on one thing much really better if they split their investment to half and use the 50% for trying to make your money grow by either you trade it or use it on other options that you think can give you a decent profit. The half is automatically for HODL. For sure people will see the best result if they try to find ways to make their bitcoin grow since this can give much better result especially if they are wise taking those good investment online.

I also know its hard to achieve to get good profits or the passive ones but if we gain a lot of experience especially dealing with those risk for sure we can figure out what's bad and good investment for us.
legendary
Activity: 2898
Merit: 1823
February 21, 2024, 01:08:46 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.


I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.


Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
February 21, 2024, 12:03:51 AM
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
I suggest you to focus on Bitcoin for now instead of having a lot of investments. Once you can position yourself well in Bitcoin investment, you can start diversifying. But this diversification in altcoins may be more confusing because there are so many altcoins that we don't know which altcoins can rise. Moreover, it looks like altcoin season is about to start so if you have difficulty choosing an altcoin, you might have difficulty making a profit.

But if you focus on accumulating Bitcoin, your chance of making a profit over the next 5 years could be greater. Moreover, in 4 years there will be another halving and maybe there will be another new ATH for Bitcoin. By preparing a Bitcoin portfolio, at least you have saved in the form of Bitcoin from now on which can provide benefits in the future.

But please remember that when investing, whatever it is, whether in Bitcoin or anything else, you have to use the money you can afford so that it doesn't interfere with you meeting your daily needs because that's what's more important. Investing is highly recommended but you also have to think about meeting your daily needs.
legendary
Activity: 3836
Merit: 10832
Self-Custody is a right. Say no to"Non-custodial"
February 20, 2024, 08:03:55 PM
Again, you must be talking down the road because I see no reason to focus on anything beyond bitcoin and cash in the beginning, and then once you build up your investment portfolio, then you might consider something like land and/or maybe equities.. but gold?  bitcoin serves a similar purpose as gold but better, so I don't see any reason to get exposure to gold unless you already have it then maybe you figure out if you are going to keep it.  But getting exposure to gold seems like a pretty BIGASS waste of time and not necessary, unless you happen to live in a situation or location that people are already accustom in trading in it.. but that seems less and less likely these days... but hey, whatever.  Guys can do what they like in terms of those allocations and when (at what stage in their investment life) they might allocate in some of the assets that are neither bitcoin and cash.  
I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.

This post that I just made might help you with the idea.  If you know how to use Excel, once you put in your formula you can copy and past the same layout, but just change your formula for other variables so you can see how the numbers work out.

So maybe if we start out with a BTC price of $55k, and we anticipate that the BTC price will go up about 8% per year and the amount that we invest goes up 20% each year (meaning the first year is $10 week  and then the next year is $12 per week and then the next year is $14.40 per week, then the next 10 years might look like this:
[First example]
Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $59,999.40   $10.00   $520.00   $520.00   0.00900009   0.00900009   $540.00
1/14/26   $64,799.35   $12.00   $624.00   $1,144.00   0.01000010   0.01900019   $1,231.20
1/14/27   $69,983.30   $14.40   $748.80   $1,892.80   0.01111122   0.03011141   $2,107.30
1/15/28   $75,581.96   $17.28   $898.56   $2,791.36   0.01234580   0.04245721   $3,209.00
1/14/29   $81,628.52   $20.74   $1,078.27   $3,869.63   0.01371756   0.05617477   $4,585.46
1/14/30   $88,158.80   $24.88   $1,293.93   $5,163.56   0.01524173   0.07141650   $6,295.99
1/14/31   $95,211.51   $29.86   $1,552.71   $6,716.27   0.01693526   0.08835176   $8,412.10
1/15/32   $102,828.43   $35.83   $1,863.25   $8,579.52   0.01881695   0.10716871   $11,019.99
1/14/33   $111,054.70   $43.00   $2,235.90   $10,815.43   0.02090772   0.12807644   $14,223.49
1/14/34   $119,939.08   $51.60   $2,683.09   $13,498.51   0.02323081   0.15130724   $18,147.65

Now look, I will show you.  If I keep everything the same, and the ONLY thing that I change is the BTC price appreciation from 8% annually to 2% annually, then the updated numbers will look like this.  Second example

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $56,666.10   $10.00   $520.00   $520.00   0.00926742   0.00926742   $525.15
1/14/26   $57,799.42   $12.00   $624.00   $1,144.00   0.01090285   0.02017027   $1,165.83
1/14/27   $58,955.41   $14.40   $748.80   $1,892.80   0.01282688   0.03299714   $1,945.36
1/15/28   $60,134.52   $17.28   $898.56   $2,791.36   0.01509044   0.04808759   $2,891.72
1/14/29   $61,337.21   $20.74   $1,078.27   $3,869.63   0.01775346   0.06584105   $4,038.51
1/14/30   $62,563.95   $24.88   $1,293.93   $5,163.56   0.02088643   0.08672748   $5,426.01
1/14/31   $63,815.23   $29.86   $1,552.71   $6,716.27   0.02457227   0.11129975   $7,102.62
1/15/32   $65,091.54   $35.83   $1,863.25   $8,579.52   0.02890855   0.14020830   $9,126.37
1/14/33   $66,393.37   $43.00   $2,235.90   $10,815.43   0.03401006   0.17421836   $11,566.94
1/14/34   $67,721.24   $51.60   $2,683.09   $13,498.51   0.04001184   0.21423020   $14,507.93

In the second example, I have accumulated more BTC with my $13.5k invested (0.2142302 BTC), but they are worth less (around $14.5k) than they were in the first example (about $18.2k) because at the end of the second period the BTC price is only $68k rather than $120k, yet at the same time, you can see that my amount of dollars invested for the whole period is the same (at $13.5k) in each of the examples.  Now if the BTC price goes shooting up after 10 years, I am going to be better off in the second example as compared with the first, even though the second example might feel a lot more painful during the period of investment because it is not appreciating as much.  

We could also have examples in which the BTC price goes shooting up a lot during these next 10 years, but I have not been able to accumulate very many BTC.  How about I show you a third example of the BTC price going up 20% per year for the next 10 years, but the amount that I invest remains the same?  Look with my $13.5k invested, I have ONLY accumulated right around 0.08509176 BTC in 10 years, but they are worth about $29.3k:

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $66,666.00   $10.00   $520.00   $520.00   0.00850918   0.00850918   $567.27
1/14/26   $79,999.20   $12.00   $624.00   $1,144.00   0.00850918   0.01701835   $1,361.45
1/14/27   $95,999.04   $14.40   $748.80   $1,892.80   0.00850918   0.02552753   $2,450.62
1/15/28   $115,198.85   $17.28   $898.56   $2,791.36   0.00850918   0.03403670   $3,920.99
1/14/29   $138,238.62   $20.74   $1,078.27   $3,869.63   0.00850918   0.04254588   $5,881.48
1/14/30   $165,886.34   $24.88   $1,293.93   $5,163.56   0.00850918   0.05105506   $8,469.34
1/14/31   $199,063.61   $29.86   $1,552.71   $6,716.27   0.00850918   0.05956423   $11,857.07
1/15/32   $238,876.33   $35.83   $1,863.25   $8,579.52   0.00850918   0.06807341   $16,261.13
1/14/33   $286,651.60   $43.00   $2,235.90   $10,815.43   0.00850918   0.07658258   $21,952.52
1/14/34   $343,981.92   $51.60   $2,683.09   $13,498.51   0.00850918   0.08509176   $29,270.03

[edited out]
Your goal is actually good, namely having just one asset, namely Bitcoin, which you will accumulate in the long term for 5 years. However, you should also think about other investments or businesses that you can use if you really need it or in an emergency and it would be even better if these other investments or businesses can help smooth or increase your Bitcoin accumulation.
So you should also think about this, because you don't know what will happen to you in the future, you will most likely use your Bitcoins to solve it if there is no other alternative. And my advice is very short and simple, but very useful.

There is no problem to figure out ways to increase your income and to decrease your expenses, but it is not necessarily true that you are going to be better off by investing your money in other ways, unless you have some actual specific talent or sure fire way that you are going to make money from the capital that you invest.  

It is true that some people are not going to be able to make as much money by working for someone else, so they may well need to figure out some ways to increase their own income through the use of capital.. so these are not always easy choices, yet the answer is not obvious either because some people will have been much better off just sticking with their current line of employment or even supplementing various kinds of work that they do rather than getting distracted in to other investments that might not necessarily be better.. and we might be deviating a bit from this thread if we are arguing about the ways to increase income and/or to reduce expenses.. including sometimes there may be needs to go to college or to engage in some kind of professional training that might not pay in the short term but it would increase income greatly in the longer term.. a few or several years down the road.
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
February 20, 2024, 07:05:50 PM

Again, you must be talking down the road because I see no reason to focus on anything beyond bitcoin and cash in the beginning, and then once you build up your investment portfolio, then you might consider something like land and/or maybe equities.. but gold?  bitcoin serves a similar purpose as gold but better, so I don't see any reason to get exposure to gold unless you already have it then maybe you figure out if you are going to keep it.  But getting exposure to gold seems like a pretty BIGASS waste of time and not necessary, unless you happen to live in a situation or location that people are already accustom in trading in it.. but that seems less and less likely these days... but hey, whatever.  Guys can do what they like in terms of those allocations and when (at what stage in their investment life) they might allocate in some of the assets that are neither bitcoin and cash.  

I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
Your goal is actually good, namely having just one asset, namely Bitcoin, which you will accumulate in the long term for 5 years. However, you should also think about other investments or businesses that you can use if you really need it or in an emergency and it would be even better if these other investments or businesses can help smooth or increase your Bitcoin accumulation.
So you should also think about this, because you don't know what will happen to you in the future, you will most likely use your Bitcoins to solve it if there is no other alternative. And my advice is very short and simple, but very useful.
sr. member
Activity: 98
Merit: 55
February 20, 2024, 05:53:36 PM

Again, you must be talking down the road because I see no reason to focus on anything beyond bitcoin and cash in the beginning, and then once you build up your investment portfolio, then you might consider something like land and/or maybe equities.. but gold?  bitcoin serves a similar purpose as gold but better, so I don't see any reason to get exposure to gold unless you already have it then maybe you figure out if you are going to keep it.  But getting exposure to gold seems like a pretty BIGASS waste of time and not necessary, unless you happen to live in a situation or location that people are already accustom in trading in it.. but that seems less and less likely these days... but hey, whatever.  Guys can do what they like in terms of those allocations and when (at what stage in their investment life) they might allocate in some of the assets that are neither bitcoin and cash.   

I agree with you, its better to be strong in one asset (bitcoin), than to have so many weak investments. If I have build my bitcoin portfolio at least to maybe up to 5 years of accumulation I can now start think of diversifying but this might be too early in some case especially when i have not  accumulated enough bitcoin, I always wanted to have at least 10 bitcoin before I considered any other investment, but you have also told me I should be prepared for a case where my investment doesn't give any return, and till now I've not actually understood the lesson you are trying to give me in respect to this, I'm building up myself in terms of cash too and I'm still consistent with buying bitcoin with DCA.
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