Topic: Buy the DIP, and HODL! - page 241. (Read 109010 times)

I see no problem comparing bitcoin investment to other investments - but those kinds of topics are not very central to this thread, and likely will lead us too astray to go down those kinds of comparison paths  - even though sometimes we can still talk about the role of diversification - even though that also is not the topical thrust of this thread. which like you mentioned Odohu is bitcoin first.. so let's figure out bitcoin first before devolving into considerations in regards to potentially related concerns, but not getting distracted into the related concerns..  therefore working towards keeping our focus upon king daddy, aka my lil precious.


Many people actually confusingly equate volatility to risk, which truly is not the case.

Yes, bitcoin is very volatile and also nearly inevitably going to continue to be very volatile for the next 8-20- years or longer..

Some people like to proclaim bitcoin is becoming more and more stable, which largely is either a bunch of bullshit or wishful thinking or merely spin that is neither true and is not likely to be true in the future, even though they are seeming to want to make themselves feel good about investing in bitcoin.

Sure, maybe once bitcoin gets into the territory of 10x to 100x larger market cap than gold (which would be $5 million to $50 million prices), then maybe it will start to become somewhat less volatile at that point.  maybe?  It is not guaranteed that it will become less volatile even then (which is actually 100 to 1,000x larger market cap from now), but it seems to make sense that 10x to 100x larger market cap than gold would cause more capital to get its price to move.

Another thing is that there are a lot of ways to attempt to deal with bitcoin's likely ongoing, persistence and inevitable volatility... and a decently first way of dealing with it is to recognize and appreciate that it exists and is going to continue to exist.


Sure having a long term mindset and a long term way of dealing with bitcoin's volatility is likely helpful, and even more helpful if BTC prices end up going up, which is not guaranteed, but many of us know that bitcoin still remains a great (if not the best) asymmetric bet to the upside, as you mentioned.


Actually you are correct that either ongoing buying and/or buying on the dip would have ended up being more profitable than just holding since it would have had lowered the average cost per BTC.


Of course, including ongoingly buying.


Yep.. that surely seems to make a lot of sense.  Keep building. and staying focused on BTC, and you likely are going to find that you have more options in the future, even though it could take a while to play out and of course, it is not guaranteed..  and so in that regard, since it is not guaranteed, that should help in figuring out what is going to be an appropriate size to reach and/or to maintain through such likely ongoing process of accumulating and/or maintaining.


That is retarded.

Gold is not safer than bitcoin, and you must not recognize, understand and/or appreciate what bitcoin is if you believe that gold is safer than bitcoin.


It is probably worse, especially if you are a brand new investor.  If you already have them then maybe that would be another story in terms of figuring out if you need to diversify out of them, and of course, stopping investing in those other things and investing into bitcoin is another way of diversifying out of some of your exposure in other asset classes.


Sure, I would not recommend anything close to 100% in bitcoin, even though some people are able to do it.. but starting out somewhere between 5% to 25% in bitcoin could be a reasonable position, yet each person has to tailorize his exposure to bitcoin in accordance with his own personal circumstances.


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.   

New investors certainly need to learn about bitcoin before they invest in it. This approach is really needed, especially in this context, they are still new and need guidance to deepen their knowledge about Bitcoin. but with what we are talking about, maybe that is the first step for new investors to dive into bitcoin. Regardless of the adjustment of the money they have, of course they must be able to apply it in each period to accumulate bitcoin because that will make them indirectly enter into long-term investment planning. Bitcoin has a better advantage compared to Gold because Bitcoin has a limited supply and when demand continues to increase we will see a significant increase.

In general, long-term investments are always in demand by many people, especially after bitcoin etf, of course newcomers or new investors continue to come to invest in Bitcoin. So, back to our investment planning, do we really have the inner resilience to remain in our planning for long-term investment?  because often a wrong decision occurs which can stop long-term investment planning. In that phase, whether we are beginners or those of us who have invested in Bitcoin, really strong determination is needed to continue to hold back our BTC ownership from the temptation of the existing lust for profit.

You like to say "yes" but on the other hand you also say "no", however a beginner investor must first understand what bitcoin is and understand at least about basic things related to investment because it is their understanding that will sustain the investment journey they are doing, because if they don't understand at all about what investment is then obviously it is likely that they will experience many losses because their journey is not based on knowledge and understanding, I understand that not all beginners have a lot of understanding about investing because it will only be formed when they already have high flying hours in the process but what I mean is that at least you must have an understanding of the basics that will certainly tell you about what you can and cannot do during the accumulation journey that you have planned.

For other things, yes I agree with you that bitcoin is more recommended to be made as a long-term investment which is indirectly an intermediary that has the potential to bring you to a fairly lucrative financial level in the future, and also for budget issues, of course it is highly recommended to allocate a budget amount that you are able to account for because of the possibility of risks that cannot always be avoided considering market movements that have a fluctuating nature and besides that try that it is a budget amount that will not be used for anything else, so simply put you have to separate between money for living needs, money for emergency funds and money for allocation on accumulation on bitcoin, because not a few also some investors who end up experiencing delays in the allocation for the accumulation of bitcoin when they experience some unexpected situations that make them need money urgently until in the end they are forced to sell some of their bitcoin, and this is the importance of thinking about and having an emergency fund as a precaution before you really start accumulating bitcoin.

Before thinking of investing this is something you must put to mind first how to secure a healthy and safe investment. As an investor you got to be cautious with the safety of your asset. Alot of people has fall as victim in such, in losimg their bitcoin through getting scams or hacked ( using phishing attack and more). And you have said should also be cautious with the type of wallet they engage with, that why most time most users always recommend cold wallet due to the fact is an offline wallet so would be difficult for it to get hacked.

Also is not only getting hack or using the wrong wallet could lead to losen of asset. Forgotten of one security seed phrase could also lead to one losing their coin (bitcoin) because seed phrase not something you just send forgotten phrase for you to be able to access that wallet again Nahhh things don't work that way ones you lose those 12 words (security seed phrase) all yah asset in that wallet is gone. So as you are accumulating more bitcoin, same time focus on the safety of your wallet.

My assumption is strictly based on the fact that those who has Bitcoin in their portfolios wouldn't have gotten it if they have considered having too much knowledge or cautions about Bitcoin reason being that Bitcoin is a new big growing asset that is still giving room for corrections.it is better to have it in your portfolio and learn more about it on your way up,  that is another reason why it should be seen in a long term perspective because it gives investors the opportunity for flexibility even in decision making especially accumulating through your dca method.

One can actually invest in  real estate, gold, bitcoin, land stock and be successful in all of it. When you are this successful and you are ready to diversify in all of these things, you can actually get a portfolio manager to keep track of all your investments, while your focus can just be in the bitcoin, since you don't need to do much about bitcoin investment. All you just need do is buy and hold it. The are people who specializes in portfolio management, you can hand over your other investments to them for effective management and hand over your real estate investments to a real estate Management firm. The point am just trying to make is that your can diversify your investments into many aspects as you deem fit.

Your quite right, what really matters is the hold, some investors has even more funds than others and yet they can't develop the emotional intelligence to apply self control on themselves to hold for long term to yeild better results, some persons prefer to engage in short term investment cause they can't hold bitcoin for long, so it doesn't matter how you accumulate either lump sum or DCA is good, just that with lump sum you buy at a particular point in the market and DCA we buy At different points in the market at a continuous intervals, and with this we accumulate some coins at a lower price than others and thus we are at advantage while a lump sum investor suffers more from market volatility than a DCA investor.  But irrespective of the method of buying, long term holding is what pays off the most.

No doubt, dca strategy has enormous benefits as regards to Bitcoin investment the reason why it dominates the thread, but on the contrary a lump sum buyer can as well be successful in his Bitcoin investment,  in my opinion that lump sum buying can as well leads to significant returns, you can actually set up a portfolio through the lump sum buying and allow it to grow. the very best strategy is any of the strategy that allows an investor to hodl his investment and sleep well at night, whether it is dca or lump sum, the main factor to be successful or not in Bitcoin investment is the ability to hodl long term to take advantage of it's comp youounding value,the right strategy is unique to every investor that is why it is of great importance for any investor to tailor their strategy to their own risk tolerance and financial situation as well as their own conviction level to prevent a situation that could lead to emotional decision and selling too soon.
 My point is that dca is not a must to be successful in Bitcoin investment according to @Fiasem20

I think we don't only need to know how to accumulate bitcoin as early investors, there are other necessary knowledge we need as bitcoin investor like how to properly secure our holdings, the best kind of wallet to use and if possible to use hardware wallets like trezor. In some countries that have tax on bitcoin, it think one needs to also know how tax works and if possible how to maneuver and pay less tax, even exchange fees when you would be moving your asset to a cold wallet, one need to know that he has to accumulate much bitcoin on his exchange wallet then move them when they are much to his desired place of storage (hardware walletsor cold wallet) in other not to pay much fees on moving his asset   and this are examples of basic knowledge a bitcoin investor should have for his own success as a holder.

I've seen many people lose their holdings to phishing links and to scammers cause they are ill educated on how to hold safely, so as we learn how to accumulate bitcoin, let's let's learn safety too.

Now I think I'm getting your point with the last paragraph. If you choose to diversify your asset like spreading your investment, that's your choice and I believe you have plans holding every bit of the assets.
Here is a quick one, getting involved in real estate, gold, bitcoin, land stock is not an easy one like you mentioned cash, bitcoin, gold and land. You definitely need a huge amount to balance your investment.
What I learnt here is never get too  jampack with your investment firstly, even when dealing with crypto for example if holding bitcoin then you should maintain holding bitcoin only. Bitcoin, gold, cash and land stock are just too much for you to keep with, even if diversification of assets is advisable not with so many assets like this, you should at least go for few assets to keep up with.
Secondly if diversify assets is your choice then you don't want to get hookup with any kind of distraction or mistake so you need to have something doing like a multi job to keep up with like business etc. They're alot of business to keep up with when investing cause you will not only invest but you also have needs to settle and it doesn't make sense when you keep withdrawing profit from your little investment to settle needs or to meet up with other investments. I don't expect an investor to act like this with an early investment cause it will only ruined the growth of the investment but as time goes on you start understanding the statics and reaching the target is the best.

I don't think he is assuming things when he said that the block reward for miners will get to zero. I think he is trying to say that after the up coming halving that bitcoin miners won't be getting bitcoin as rewards. Instead they will be getting their reward from transaction fees. It's not just him doing some technical analysis on his own. This is something that everyone who has been in the bitcoin investment for long is quite aware of.

Your suggestion for what should be considered a long term investment in Bitcoin is not bad. It will allow one see various halvings activities and experience market cycles. However, it does not really have to be that long to be considered a long term investment. I am in agreement with JayJuanGee that 4-10years is a good target even though it could be longer. This range is enough for any investors to be able realize a reasonable stash of bitcoin also gauge his level of patience and commitment to the bitcoin buying process. By the present Bitcoin market cycle, the same period will most likely give but bull and bear market which will give the investor clear of how bitcoin price behavior is for each of those seasons.


I don't know how you arrived at this conclusion and if there is any substance to such claim. Are you saying that by 2030 the block reward will be zero? What do you mean by the peak. Or should I assume you are doing some technical analysis stuffs that make you arrive at such conclusion.

Whatever be the case, the most important thing is to buy and hold bitcoin, that is the only way to find out what the future will look like. The worst thing is to sit by the sideline while others are buying and securing their bitcoin portfolio.

In my understanding, it doesn't necessarily mean that someone must have a good knowledge of bitcoin before he or she can start accumulating it. What matters in the bitcoin accumulation journey is for someone to understand that bitcoin is a long-term investment, like 4-5 years before he or she should start accumulating bitcoin, so that he or she will know the kind of investment he or she is starting up and will not expect any profit in the short term. Also, use the money he or she can afford to lose to invest in bitcoin, and understand that bitcoin is volatile, so any drop in its price will not make him or her sell it, even when he or she is at a loss.

You will be able to invest here according to your investment age, and succeed in reaping the benefits. Because the longer your investment is, the more you reap the benefits, it's a fact, not a myth. You think more towards the future and increase the age of your investments. If you have a financial crisis then you quickly move to work in real life, and earn income reduce excess expenses, and continue to invest in DCA method. It is certain that you have to work hard to get success in life. As I have held my investment for more than a year, and I will hold it for many more years to come. Plan Bitcoin investment for a long term of at least 10 to 12 years.

But other people don't know how to deal with other risk and they find out that investing on bitcoin can give them security rather than thinking about to invest on other altcoin especially if their aim is for long term.

If they can go with 100% into bitcoin then its fine this coin is the top coin so there's high chance for them to get rewarded on their investment decision made. I know some may skeptical since market is so volatile but if we look at on situation for other altcoin where we don't have any idea if they can go up or they are safe with scam. That's why instead taking those unknown risk much  better for new people to focus on investing on bitcoin for a while since for sure they can learn from the experience they encounter.

Yeah actually it is very important for an investor to evaluate the risk involved in the kind of investment he wants to venture into before analyzing the profits that would come along with it because that's exactly what would make him to stand strong in a case where things doesn't work out as he expected but however, it's also good to be positive about any investment one chooses to venture into inasmuch as you've ran some security and background checks of the aftermath of your investment in the future.

Inasmuch as Bitcoin investment is concerned, having diverse source of income is very necessary for any investor that wants to be active on the buying and hodling process using the DCA.

Land is a good investment in the sense that the value tends to increase with time but however it's not advisable to buy lands that you don't intend to project anything on it except you're buying it to resell in the future when the value seems to have appreciated.

Basically, if one is a bitcoin investor doesn't necessarily mean that you won't focus on other businesses because without having a regular means of income then how can you meet up the DCA. So focusing more on the area that our income are being generated from should be of high level of importance and priority to us as that's the only way to keep our investments running.

From the way you sound, it like you are a rich guy, but if you are not, then you don't want to be realistic with yourself. Apart from cash and bitcoin, that one can have possession to even the poor. Gold and land properties are expensive to get as a poor or average person, which makes it like a dream that may/may not come true. Bitcoin has given the privilege to everyone to invest in irrespective of status whether rich or poor. It is easy to start investing in bitcoin, as long as you have a means of income. Keeping aside your emergency funds, monthly expenses and reserve funds is all you need, and from there any left over can be put into bitcoin investment regularly through DCA. Before you know it your bitcoin stash will keep increasing as long as you hodli for a very long term. You should also understand that bitcoin gives the highest profit than any other investment that you can think of. When you have reach your bitcoin target, or close to your bitcoin target, when you feel that you have enough bitcoin in your possession, you can diversify into land, or gold. It will be a distraction for you to think that you can start up two investments at the same time. You must first achieve one before the other, and that is why bitcoin invest is the easiest to get started when you are prepared for it, you should also note that investment is made for a long period of time for great results. All that you mentioned is what everyone will desire to have as their investment but we might not be able to have them all, but with investing on bitcoin first might gives a higher advantage of you investing in all of them.

No, I'm actually not. Learning what you're investing in is simply common sense. Isn't "Don't Trust, Verify" one of the most important mottos in the Bitcoin community? I know it's applied in a more technical matter where the network validates each and every transaction, removing trust. But in my opinion, it also applies in life to be successful, AND yes, learning about how and why Bitcoin is valuable, not just in a financial definition but also in a technological/social matter, will add to the person's conviction. We're very lucky to get this opportunity.

IMO I think it's not very good to invest all your fortune in one asset no matter the quality or the tendencies of it giving you results, when investing we should have in mind that investing has it's risk and one of those risk we should have in mind to prepare for is if thigns go totally wrong or unfavourable, just imagine investing in bitcoin with all your fortune and it doesn't go out well for you, and you didn't have any back up plan to fall to, and at times having only one investment increase the risk of panic cause every news begins to matter to you and at a time you might start to feel unsure about your decision.

I'm not saying investing in only one asset is bad, but as he said going all in which in my opinion might mean investing all or only in Bitcoin, I think it's good we start with accumulating bitcoin then after we have reached a level of accumulation we diversify into other things maybe having cash, building a business or even buying shares in some company. All this are other safe and good options amongst many that one can invest in.

But if you want to invest 100% in bitcoin which I have seen many do and are still profitable, its not a bad idea but have a back up plan in case things go wrong, don't act so sure about anything because of its past performance.

is investing into land actually safer than investing into bitcoin? I doubt. I don't know how investing into land works in your area but for mine, that's one of the most risky thing an average person could think to venture into. Most of the land I know of could easily be taken over by the government for reasons best known to them and in most cases the owners don't end up being compensated for, and you think that's not risk right?

Should we talk about the situation where you bought a land in an environment that suddenly went into war and you can't even think about going to see your land for your own safety?

It's not like investing into land is a bad idea or can't be profitable in the long run but lands that are obviously appreciating in price is always too expensive and the competition among buyers tend to be much and if you are not careful a particular portion of land could be sold out to two people without them ever knowing coupled with the other fact that for someone that's not still strong financially, you can't really think on accumulating lands bit by but because the least plot of land in a growing area is quite expensive relative to accumulating bitcoin bit by bit with the use of the DCA method.

Also know that Every investment comes with it own peculiar risk and that's where the maturity to deal with those risk comes in. The thing has always been to choose what works best for you depending on your financial capability and work with it. If you're not strong financially, you can't be everywhere investing into everything that comes your way and so it's only best you choose the best investment option and stick with it.