Topic: Buy the DIP, and HODL! - page 248. (Read 123950 times)

Selling or taking out profit is something different from investing and both have a different strategy, buy and hold is different unlike the system when people buy with the aim of extracting huge profit so fast, this is not even appropriate from my opinion. Diversification should be done when you have a balanced bitcoin accumulation in essence you've reached your satisfied target before extracting for other investment choice. From my observation no one can fully invest in bitcoin 100% and it's not advisable so before considering diversification an investor should have a basic knowledge first.

I think it's quite a different topic that Jay is talking about here, it's not really about those that sell their bitcoin so ealry and missout on the possibility of bitcoin compounding in value but rather those that has already reached let's say a considerable amount of bitcoin in their stash and has been accumulating for up to 10-20 years and now want to sell of all their bitcoin for one purpose or another instead of understanding the fact that they could actually start getting some dividends from their mature bitcoin investment by applying some withdrawal methods that would be applied in a way that they won't be selling to much of their bitcoin and would also be maintaining its value in a certain way as he explained in his Jay's sustainable withdrawal method thread.

IMO I think the idea is not even about reaching or accumulating so much bitcoin just to sell again but to have your value stored in bitcoin as an asset just like having properties or lands or maybe shares from a company, and like other asset that are able to give dividends or return of investment, bitcoin also has the ability to do so, all we need to do is find out how we can actually achieve this.

maybe you should understand that Bitcoin was not created initially as an asset for investment or profit making purpose but was rather created  to allow a peer to peer electronic cash system, the intention was to create a currency that would allow people to transact directly without the need for banks or governments regulations but along the line, considering the volatile nature of Bitcoin we now understand that by buying and holding on to our Bitcoin, we can actually have profits and good returns in the long run which makes it an investible asset.

I understand that as long as we are considering buying Bitcoin for the sake of the profit we intend getting out of it, long term holding is always going to be preferable to any other options like short term investment but let's get the fact right that Bitcoin was not invented for only the long term bases. There are people that don't buy Bitcoin because they necessarily want to make any huge profit out of thier holdings, for some, it might just be a perfect option to save their fiat such that inflation doesn't affect it and even though they are able to leave it for a year or two, it might work well for them. But for us here that are interested in making good profit out of our investment, there is no two ways about it and I totally agree with you that long term investment is the best way to go if we want yo make profit out of it.

There is no doubt that the historical example of Bitcoin's origin is a logical consequence of the future.Governments of various countries are busy printing fiat money to deal with the country's liquidity crisis which could be more dire for a country's future.In this situation, inflation takes a more pronounced form. Inflation lowers the cost of living.In this case, due to the decentralization of Bitcoin, there is no opportunity to intervene in its price control. In addition, when the adequacy of Bitcoin becomes limited and the investors want to buy more the price may not be in your hands. And one of the basic elements in the economy is that the demand for something increases as the price increases.And time will tell where the limited supply of Bitcoin will take the price in the future.

Many has moved the motion of getting an alternate source of income, in other to be much more financially buoyant, in regards to when the first source of income does not meets our needs or important things we want. This system is not rigged, "how you dress your bed same way you will lay on it", if a person doesn't see the need of keeping aside funds that would serve for emergency then he/she will be left to face the consequences as per having no choice than selling off part of his investment to cover up the expenses. Emergencies are unpredictable so we need to be on the safer side by doing what is required.
I'm trying to figure out what you think is wrong about what he said, maybe you can do justice by making the lines bold since his mix of words are not doing good to the readers. From what he said, his on the point that over the years Bitcoin has increased significantly reaching a new price mark and if we would love to continue on those profits we should be able to absorb the mindset of holding for a long time even during the ups and down in the market.

Bitcoin is considered digital gold for long-term investment. Other cryptocurrencies have limited global recognition but Bitcoin is the only coin with global acceptance. Bitcoin trading volume nearly half of all crypto markets. Due to this high liquidity it is definitely a less risky investment. Moreover, anyone can manipulate the market of various shitcoins, there is no such opportunity in the case of Bitcoin. Since Bitcoin is decentralized, it cannot be controlled by the government or anyone in power. An altcoin will be worthless if held long-term but a bitcoin will be a permanent asset or will be considered as the digital gold in the long-term.

At some point I feel the need for us to be mindful of our choice of words, in order  for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.

The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.

As an investor in bitcoin first of all you should consider if you can endure and be patient if some events occur, if you are not an investor that has other ways you earn, you have to be very reserved in spending to avoid being tempted to think of withdrawing your asset, that's why it is advisable for investors curtail there expenses if they are the type that spends much, emergency fund should be available always so that it can be used to handle some expenses when the need arises.

Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.

Money management, risk management, investment time management, self-control and income are the main factors for you to be able to invest in bitcoin more safely, but not everyone opens the way to invest with the same logic and knowledge including ways or strategies in investing in bitcoin. And it will also determine how long you can invest in bitcoin in talking investment and achieve profits in your goals.

I agree more not the cornerstone of investment but a new standard of investment for those of us who understand economic turmoil and fiat fraud, in general you will benefit if you continue to hold bitcoin, yes at least your wealth is not eroded by inflation which continues to be high because the government continues to print money, as long as the government continues to print money then having bitcoin while as a shield of value theft by the government and because that is also why the price of bitcoin continues to rise every cycle, holding fiat is more risky than holding bitcoin.

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now,  and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter  never expected.

When it comes to bitcoin investment, those who hold bitcoin for the long term are always in good profit because bitcoin price will always go high. For instance, imagine both of us accumulating 0.05 BTC each with $1500 when Bitcoin was at $30k. When the bitcoin price rises to $50k you decide to sell your bitcoin and start a business with the profit. And I continued to hold my bitcoin until now, when the price is at $70k. If I decide to sell my bitcoin, I will make a better profit than you. 

You guys have already read the subject of this thread( which Is BUY the DIP and HODL) right , so you can see clearly that shitcoins don't follow such terms. We are talking about how to secure a proper and smooth Bitcoin long-term investment or holding not shitcoins shit. Yeah when one is holding Bitcoin without any use of any leverages shit and all that , would be fine with his holding without any fear . But if you are the type that normally use leverages with the aim of multiplying your profit, just know that at same time you are multiplying the risk also, by increasing the chances of one losing their holding, because there's a certain dip market would experience that may trigger one liquidation, leading to one losing his money. But when holding with spot no matter the dip as long is bitcoin you holding , anytime there's increase in market the money yah holding will surely surge with it . But don't forget exchange is never the best place to hold , but rather using a noncustodial wallet for your assets to be safer.

A good and focused bitcoin investor should not think to go into competition with anyone, because our discretionary income differs from each other, and also our responsibilities too. You might go into accumulating bitcoin competition with your friend that you guys started to invest in bitcoin at the same time, and lose focus on how to manage your cash inflow. This  is because you are over aggressively buying without considering your emergency funds in a good size of up to 3 months and above.

If when  you are faced with an emergency that is bigger than your emergency funds, you will end up selling part of your bitcoin, which makes the competition useless and foolish, because you fail to understand your own discretionary income and invested like you have so much. While your friend is still busy buying regularly without stopping or selling, talk more of an old time investor that bought bitcoin very cheap, and have made so much profit due to compounding effect of his bitcoin profit.

In as much attempting to compete with others can be a wrong approach, it is pretty ok being aggressive it is only bad when you are being overly aggressive without considering how much of your discretional or disposable income you have where your basic needs, emergency, reserved and float will be affected trying to become overly aggressive. You can can become aggressive if proper financial planning has been done as regards to ensuring that your basic needs, emergency, reserved and float funds are all taken care of.


Irrespective of the fact that the DCA has enormous benefits it could be misleading saying that dca is the best whereas there are other strategies too that has its own unique functionality, it will be pointless making comparison which is the best. However every investor must tailor down which ever strategy that will suits his or her investment where and when necessary in terms of:

    1. Financial situation
    
   2. Investment goals and objectives

   3. Risk tolerance level

Hence, what is more important is how much of Bitcoin you have and your ability to hodl as long as possible.

Where did you got this your idea from?
And who told you don't lose your money in spot market if you don't trade, okay go buy shitcoin in spot market and don't trade it allow it to be there maybe during bear season if your holdings in shitcoin won't goes to zero.
The likelihood of your assets turning to zero depends on the kind of coin you are holding and I guess you are the one misquoting yourself not me.  As I said before bitcoin still remains the best coin to hold for long.

Yeah, but there's no harm for one being aggressive as he can in his Accumulation expecially when having a good cashflow, it would help one making his accumulation to more effective,  but it won't be wise if one being aggressive when he or she can't financially keep up with such aggressiveness. It would lead to one not being able to hold and accumulate for long. So the best is for one to keep his Accumulation going according to his cashflow, because most users here are planning to hold for 4-10 years even more than . So with such , you can have enough time to accumulate some good quantities in your portfolio.

Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above.

Alot of individual most time would sell some certain amount of their Bitcoin ( expecially when you haven't reach your Accumulation goal or having enough Bitcoin). With the mindset of replacing it back. Lol I laugh , most people don't know that the chances of them buying at that Same low price is damn low. You can't expect bitcoin to dip for sake inorder for you  to replace that amount you withdrew from investment at that same price you first brought it . Nahhh things doesn't work that way. Like those who bought their Bitcoin when the price was $10k and they later sold there coin around the price range of $15k , with the mindset that when bitcoin dip again to $9k or $10k they would buy , but now look at Bitcoin is around $70k now . So you can see that when you start taken profit from your investment when you haven't gotten far with it . You're only reducing the potential of yielding some thing good in a long run . That why one should not of removing or withdrawing from his investment ( Bitcoin) , especially those that are low coiner or haven't gotten  any where with Their accumulation. Should rather focus on how to add more Bitcoin to his portfolio.

 you are right, that why one need to discipline himself when it comes to longer-term investment. Being patient with your holding play a great role in your Bitcoin investment, increasing the chances of you getting a better profit or return in a long run. And the other thing that play another role is the number of Bitcoin one has accumulated in his portfolio, depending on how aggressive one was in his Accumulation expecially those with nice cashflow. So these things should be considered as you holding make sure you are holding some nice quantities. Inorder to yield a better profit in a long run.

This is just the real truth because it is through consistent accumulation that you can gather enough money that will make you get rich in the future even some rich people today if they tell you how they were so patient and saved so much money for some years before they were able to own an investment that made them become so rich today. Patience is the key of any investment because there are times when things will become so difficult to the extent that you might be thinking of selling the Bitcoin you have hold but with determination to succeed you still kept accumulating till you were able to meet your goal. Success doesn't just appear in a day as it takes time to achieve great things so anyone that wants to invest in Bitcoin should bear it in mind that they need patience to be able to achieve a breakthrough.

Haha, just the words of @JayJuanGee, FUCK CRYPTO, initiatly cryptocurrencies are not meant to be talked about here in this particular thread, let me go a little soft on this, @Jating may have simply misunderstood and misuse the word crypto in regards to Bitcoin, we learn everyday so right now he can take correction. Like you said, Bitcoin supercedes every other currencies no matter how profiting and promising they paints it to be, we are not expected to let our guards down so we don't perish in loses as the outcome of making quick profits. Bitcoin is much more of an investment that requires purchasing and holding and not a quick rich scheme, that is referred as trading and not Bitcoin investment.

Purchasing the DIP is one of the most aspects of Bitcoin that does deserve an award as a helping tool to most investors. Buying the DIP is a strategy on it's own which can aswell be compiled along side others, it will be too lame to just sit and observe the market till it DIPs before wanting to invest, that is the reason why the DCA approach now overcedes others because investors are still going to buy portions of Bitcoin during that same DIP which they have been waiting on and nobody knows if the market may continue to DIP at that time which they feel is the climax of the DIP and seeing the price drastically declines.