Topic: Buy the DIP, and HODL! - page 26. (Read 138629 times)

By doing DCA strategy an investor is trying to maximize the return on his capital which makes him more tempted to accumulate more Bitcoin. I am more in favor of regular deposits than aggressive deposits. I am more optimistic that you will make a profit by continuing to deposit Bitcoin although you mentioned the doubt about making a profit. The past history of Bitcoin shows that it has provided surprising profits for those who hold it.
Having a backup fund/cash flow allows an investor to follow the cycles regularly to fully implement their long-term plan. However, I think it is more important for new investors to set a strategy so that they can consistently accumulate any amount of Bitcoin. The timeline you mentioned for Bitcoin savings is at least 10 years, which may be a long time for a depositor, but I would encourage extending the time because it provides the investor with a guaranteed source of income/employment until retirement.

I think investing is not easy for everyone because we all need proper planning before investing. Moreover, before investing, the investor must have a source of income. We all need a source of income and discretionary income to continue investing. It is never difficult for those who have sources of income to invest a small amount of money, Because from the amount of money he earns he will spend money for his family expenses and keep some money for investment.

Today is bitcoin genesis block day, may this day be a special day for all our bitcoin forum members and all bitcoin investors. The first Bitcoin genesis block occurred on January 3, 2009.

I agree with this although it may not be a problem for some people to buy the money they have even up to 50 percent or even 85 percent as stated earlier if they can afford it but in the end not everything can be done impulsively like that because especially for those beginners who have just joined the investment, Although sometimes things for beginners they prefer to do with an action where they will buy without thinking because their confidence and enthusiasm are still very large but in the end with all the risks they have actually let about 85 percent bought directly from the beginning it becomes a very difficult choice in the end because we still have to continue living life and we must realize that the focus of investment is for the long term so that when we put 85 percent for investment and the remaining 15 percent for daily life needs before we get back income from income or salary it is too risky in the end.

Yeah that's true a newbie should engage in a long term Bitcoin holding because trading is very risky and difficult so in other to prevent losing money and stressing your mental health as a newbie engage in Bitcoin holding for some years and if you have the patience to continue your holding for 10 to 20 years then you can go for it.
Just imagine you start accumulating and holding consistently for 10 to 20 years and Bitcoin hits $500k to $1 million this can be possible (but not guaranteed) 13 years back no one believed Bitcoin will hit $96k per one Bitcoin.

Yeah that's true also, you can't start accumulating or buying Bitcoin aggressively without a proper financial security which is having an emergency, float and reserved funds and also having a steady cash flow, if you don't have this in place holding unto your Bitcoin investment without dipping hands or sell all off will be difficult, you are right when you say nothing good will be expected without engaging in long term holding.
As a newbie.
1. Be patient
2. Be consistent
3. Have a good cash flow
4. Build backup funds for financial security
5. Develop good management skill.

You sound more like a trader for saying that new investors should buy bitcoin during the bear period because of cheap price when we are not in the bear period. DCA bitcoin accumulation strategy does not have a specific time to invest but you are to invest at any price level of the market provided that you are using your discretionary income to buy bitcoin regularly overtime weekly or monthly.

Waiting for the bear market before buying as a new investor means that you are delaying the time that you are to use to build and grow your bitcoin portfolio as a no coiner and at the end of your bitcoin investment journey, you will end up being a low coiner because you were messing around with the precious time that you are supposed to have use to build your bitcoin investment by waiting for fun. As long as a have a discretionary income, it's important that you figure out how much you will be investing into bitcoin with ease and get started immediately because the price of bitcoin has never been a barrier for anyone to get started but we are the barrier to ourselves.

Bitcoin is young and still growing in value so buying at any price wether in the bear or bull isn't a waste of funds but a smart move of acquiring more bitcoin.

Meaning the investor will not going to earn profit from BTC if he or she start investing in BTC? He will earn profit from trading if he or she has the ideal of crypto trading, but his profits will not be bigger like those that accumulate BTC for a long years before they decided to trade their BTC in the general market. Not that am against the method of DCA in the industry because that is the method am using to accumulate BTC for so long and is working for me whenever the bull run is available in the market, which I will also recommend other investors to try and add the method to accumulate BTC in the bear run for them to have access to a bigger profits in the nearest future.

I came to discover that many investors in this forum has started creating other sources of income to enable them to hodl their BTC for long years before they can trade to boost their financial level in their environment, and these are some of the mind set new investors need to put in place before approaching the DCA method in BTC investment.

I also agree with you, in fact, if a new investor starts investing in Bitcoin, he should not go towards trade first, he should first hold 2 to 3 cycles using DCA, that is, if a new investor can hold DCA continuously for 10 years or more, he will have a strong Bitcoin stack. From which he will get a "chance" to profit a good amount (not a guaranteed profit).
You are very right, before a new investor deposits aggressively, it is very important to ensure proper planning and financial security, and also pay good attention to improving his cashflow system. Because without good cash flow, we can never sustain any investment for a long time, and in the case of Bitcoin investment, nothing good can be expected without long-term holding.
Therefore, a new investor should first ensure his financial security, prepare the necessary funds, and make a strong decision to hold in DCA for the long term (at least 10 years) and hold accordingly, only then will a new investor have a "chance" to profit well from long-term holding.

we see here in the UK more then just some, whom save/invest small amounts a week in a asda(walmart equiv) card that offers some interest to save up for christmas, and they do it

not sure of US amounts as they range per state, but in the UK £90 a week is the social security level of the unemployed* (poorest of country) so 5% is just £4.50($5.60), this amount wont even buy you a bigmac meal deal in the uk.. however investing a less than big mac amount in 2023 increased multiple times by now
so it is still worth investing

*this doesnt include the housing allowance/supplement

turning £4.50 a week (DCA £18($22.30) a month, each 1st of the month from jan 2023-dec2023) could have turned £234($290) into 0.01btc*
which is £750($930) as of january 1st 2025
*0.00134337 0.00096537 0.00095299 0.00079643 0.00078246 0.00084151 0.00073115 0.00076370 0.00086100 0.00083209 0.00064638 0.00058684 = 0.01010328
(personally i prefer the buy the dip method as oppose to DCA, but just done DCA as a demo example)

which is far better then any bank/grocery store savings card would ever offer over 2 years

..
with that said the most difficult thing is not finding $22 a month to save, but actually not being tempted to cash out and spend any profits too early.
many people cant have the patience to leave investments alone and just let accumulate when they are on low income.. but it is possible

You seem to be just throwing random thoughts into the air if you are proclaiming that bitcoin is completely an unknown, especially since we have had bitcoin running for 16 years, which gives data to both get to better know what bitcoin is and what it proposes to continue to be in the future, tick tock next block every 10 minutes a new block contains a decent amount of certainty that cannot be easily stopped, to the extent anyone, any government or any institution considers it within their interest to try to stop it (work against it) rather than working within its parameters (working for it).


Have you thought about your idea being retarded?  Sure if there are more sellers than buyers then the price goes down.  Hardly an interesting question, when the main problem of the world for an overwhelming majority of the world's population is that they do not have any or even close to enough bitcoin in regards to considering what bitcoin actually is... so essentially and overwhelming majority of the world still needs to get bitcoin and to figure out that it is better for them to have some rather than not having some, and sure a few persons, institutions and governments are actually starting to figure out that they should be working to accumulate more bitcoin, whether you listen to Saylor or to some other person who actually sufficiently understands the asset and that people should be working to accumulate it and preserve it within their holdings, which is the opposite of selling it.

Sure Saylor comes off as a bit of a psycho in terms of his own seeming obsession to buy and accumulating bitcoin, yet he still is not speaking in untruths that others (individuals, institutions and/or governments) should be ignoring.


Good luck with that dumb plan.

We seem to be in the fairly early stages of one of the greatest (if not the greatest) wealth transfers in the history of man from no coiners to coiners, and you are suggesting that people should act so dumbedly as to put themselves on the giving rather than the receiving end of such ongoing wealth transfer?  Sure, people can act against their own interests, but doesn't sound like a great idea to make such an error.


If your incentive is to accumulate as many BTC as possible, to me, it seems pretty dumb to be engaging in a practice of selling bitcoin in order to try to accomplish such goal of accumulating more BTC... but yeah, whatever, people do dumb things, including selling one of the best, if not the best, of assets that is currently widely available to the world's population.


Even though this is correct, you are flip flopping.. saying one thing and then saying the opposite, but yeah.. the correct basic point should be not to be fucking around with trying to trade an asset that you are trying to accumulate more of, at least don't sell with any expectation of buying back cheaper, and don't sell prior to accumulating enough or more than enough from your own perspective of what level of enough is.. .and hopefully you are accurate in your assessment.


You have ONLY been registered on the forum for one month, so it seems to me that you should not be fucking around trying to trade bitcoin, but instead spending at least a whole cycle accumulating bitcoin, and sure if you had been able to front load your BTC investment or you started accumulating bitcoin prior to your own forum registration, then all the better for you to have had gotten started earlier.. yet if you are pretty brand new to bitcoin and accumulating it, it seems better and more important for you to be figuring out ways to put your own systems into place to be accumulating bitcoin, and as you are able to get your cashflow systems in a stronger way, then you likely would be able to increase your bitcoin accumulation aggressiveness to try to get to a point that you are able to accumulate bitcoin as aggressively as you are able to, yet without recking yourself in the process... and it can take a bit of time to build up your bitcoin stack size, including that might need to spend 4-10 years or longer accumulating bitcoin before you can reasonably move away from such personal goal.. which likely would include figuring out ways to increase your income and to decrease your income to be able to accumulate more bitcoin.

Of course, if you are a relatively young person, then you may well need to focus more on developing your job skills and your experiences rather than focusing on directly accumulating bitcoin, since there can be trade offs in regards to how there may be needs for you to invest into yourself in such a way that you are not really able to use such money for directly buying bitcoin but instead increasing your own knowledge, skills and/or connections to potentially be able to get better future income. and yeah, choices and trade offs are not necessarily easy, depending on where you are at in life.  Sometimes there can also be ways that young people can learn about bitcoin and build jobs skills and networking at the same time and those activities can be related to bitcoin too, yet not necessarily true.. for example if you are about to finish college and get into work related to your training, you might well be better off to seek the more lucrative kinds of work while you are investing into bitcoin at the same time and even otherwise continuing to involve yourself in bitcoin on the side.

And sometimes it can be quite challenging to have hobbies outside of your work, and I recall periods of my life in which I was so focused on working and/or studying that I had little time for anything else..but even with that, there is a difference between what a person might know now compared to 20-ish to 30-ish years ago when I was in college and in my earlier years of my studying and building my own career, especially since bitcoin did not exist back then and so the opportunities and even the world macro-systems have transformed in ways that have several differences with bitcoin in the picture now as compared to what such circumstances and opportunities were 20-ish to 30-ish years ago when I was in my earlier of years of building my skills and the earlier (and even various parts) of the various kinds of work and/or investments that I had then made.. and even my own way of getting into bitcoin in late 2013 is different from someone who might figure out his own particular circumstances in figuring out how and how much to get into bitcoin today...and surely in regards to figuring out whether and how to get into bitcoin, each guy should be attempting to figure out and tailoring his own 9 individual circumstances.

Also there's certain fear that price might decline that's why lots of people didn't even bother to think about holding it for many years. I also those past incident that they see people suppose to earn huge amount of money now but either they use their Bitcoin for buying popular pizza or lost their bitcoin in landfill many think its a waste of opportunity for those people to earn a lot of money if they just hold it today. Those incident make people give an idea that holding bitcoin is really better than wasting it on unnecessary matters. Also statistics don't lie and data's is available online for people to read that to HODL Bitcoin is always a better decision to be made by investor.

By the way guys Bitcoin turn 16 years old today https://www.cnbctv18.com/technology/bitcoin-hits-sweet-16-the-rollercoaster-ride-from-0-to-100k-19533359.htm congrats to all Bitcoin holders, we may continue to use Bitcoin for many more years.

One thing about coin market at large is that it remains unpredictable with no certainties. I feel this is the characteristics that proves it not to be a get rich fast scheme.
Long term holding proves your interest in preserving the value of bitcoin also. Have you thought about what will happen if everyone decides to sell off their bitcoin stash without buying back.
At the listing of most new coins, most people that don't put hope in them sell of their assets within minutes after listing with little or no much buy backs which crashes the coins just hours after listing.
Being able to buy more than you think about selling is what can help preserve the credibility of the coins.
Selling a part to buy back is also risky, you may buy at higher price or risk loosing your bitcoin balance if you still don't wish to buy at higher prices. We are speculating about this year, simply because we hope that more investors are going to troop in and also expecting US to open a Bitcoin reserve. Buy and Hodl, every stage is a dip.

By definition, a person who does not have much or any discretionary income should not be investing, so I am not referring to people who actually do not have discretionary income.


Of course, investing is difficult, and a person needs discretionary income before he can invest.. otherwise he is trading or gambling.  I don't recommend trading and/or gambling, even though people do it and people can do what they like, whether I recommend it or not.


Well.  Either you have discretionary income or you don't.  If you are not sure, then you might need to hold the cash aside until you are sure that you have enough to cover your various expenses before buying bitcoin.  

Another thing with bitcoin is that your investment timeline should be 4-10 years or longer.  Sure a poor person could go into bitcoin with a plan to invest 4-10 years or longer, yet emergencies could end up happening, and hopefully they have an emergency fund to take care of such emergencies if they were to happen, but yeah, I understand that many people barely are able to gather up enough income just to eat, remain sheltered and to take care of their other life-necessary costs, such as transportation other kind of basic needs, so those people would not necessarily have enough income or reserves in order to be able to invest in bitcoin.


An increase in income does not automatically mean an increase in expenses.  Of course, if a person gets a job down the road, then maybe they have to pay for transportation and some other expenses, yet hopefully they are making more from having the job (the extra income) than the extra expenses that they may well have to incur to perform the job.

Frequently if a person is having troubles figuring out if they have enough income to buy bitcoin or not, then they might have to spend more time figuring out their financial situation, and probably it would be better to error on the side of not investing into bitcoin, since if they invest into bitcoin, they have to consider that money to be removed from their ability to use it for 4-10 years or longer, so if they cannot figure that part out, then they might not be in a position to invest into bitcoin...

And yeah, there could be ways that a person is able to increase their income and/or cut their expenses in order to be able to invest into bitcoin yet it may surely not be obvious how to accomplish such, and each person is ultimately responsible to figure it out and if they screw up their finances and/or psychology based on their having had invested into bitcoin (or having not invested when they should have), then they have no one to blame but themselves, and surely there are also people who are not able to do basic math, so they might not be a good candidate to own bitcoin, yet I am not going to presume people to not know basic math even though there are such people who probably should learn basic math prior to investing into bitcoin or anything else.



And, yeah, I agree with sotelorene in regards to your last point..... Investing long term into bitcoin does not remove the risk, since there is always a risk that your investment could go to zero, and that risk does not go away merely because you are investing longer rather than shorter.  Self-custody is probably helpful to protect a long term investment, yet even self-custody does not remove the risk of some folks messing up their own self-custody, and it is likely that many folks lose their bitcoin based on faults in their own self-custody situations.


Of course, you can do whatever you like, yet from your description of your plan and your previous mistakes, I can see that you plan to try to hang onto more of your BTC than you had done in previous cycles, yet I have a hard recognizing and appreciating that you have learned any lessons from your past mistakes and what seems your lack of focus in terms of your seeming to want to trade the tops rather than staying focused on accumulating bitcoin until you get to a point in which you can manage your bitcoin holdings without having to worry about whether bitcoin prices are up down or sideways.

Bitcoin is likely amongst the best (if not the best) investment asset widely available to mankind in which wealth is being transferred from no coiners to coiners and you seem to be having trouble figuring out which side you want to be on during such ongoing wealth transferring process.  Hopefully, guys can stay focused on BTC accumulation rather than fucking around trying to trade BTC or speculating that they might be able to buy back more BTC at lower prices.

I have frequently asserted that I don't sell any BTC with expectations of buying back cheaper, so any BTC that I sell I do not expect to ever buy back cheaper, and so therefore I sell very little and since 2015, my BTC has continued to compound upon itself... something like 8 or 9 compoundings, so far... and allowing those compoundings is way better than extracting short-term profits and gambling upon whether the BTC price is going to drop or not.

Yes, that's why it's about the mindset and how you look into your investments, and it should be in the bigger picture. Everyone can start to let's say to accumulate and do DCA in the bear market and continue all throughout the cycle and then if you think of selling some during the bull run then you can do that. As long as you have the mentality to grind every week with small amounts or at least what you afford and what fits your budget and you are committed to it, then everything will come into fruition and I will say that it's going to be easy.


See, this is the classic example of what I have been saying, although I just started to accumulate later that you obviously.  . It's really the hard grind every week that you need to budget. So it's all on the mindset guys, as long as you will focus and wanted to reach your goals, it can be done no matter what we are going to face. That's why for those who have doubts, just test yourself and see how it goes. After the bull run of 2017, and entering bear market in like March of 2018, I still didn't start to accumulate after 6 months of that bear market. Perhaps it was due to the fact that it was my first time to see a bear market and I really don't know what to do. But by reading about DCA and what other "seniors" member here are suggesting, my goal is only 10th weeks in the start, and it goes to 20th weeks, then have few ups and downs as I have to withdraw some and start all over again until I pretty much stack up some in my wallet. However, my mistakes is that I sold everything in the next bull run which I think I shouldn't or at least left some and do the same strategy, rinse and repeat. So in this bull run cycle, lets say we top at December 2025, maybe I will sell some but not everything as we all know that in the next 2-3 cycles, almost all Bitcoin will be mine or at least 99% of it. And with how the government and big entities are buying, the price will really go up in the future, but it's going to be very hard to acquire for a average investor. As early as today we should be preparing for that massive price and not sell everything this bull run, or even not sell at all if I don't feel like selling. But let's see, depends on my situation on the peak of the bull run.

I will agree with you that from the initial fine many people fail to hold a Bitcoin for Long Years and they did that because there we are bias of Bitcoin because as of that point or that time Bitcoin was introduced many persons we are afraid of Bitcoin because that was a series of attack from government so they could not believe that bitcoin will get to a point where it is today, it is the same thing that happened to people when the price of Bitcoin hit 11,000 and 17,000 and 20,000  and many of them could do not believe that Bitcoin will you probably one day reach 100,000 because of how fluctuate is Bitcoin price then.

We'll I think you've extra funds already in this scenario and you choose to invest all at once, the extra funds you'd have used in increasing your DCA have been invested at once, and none left.

In my view, I'd have taken a separate pattern, let's say I stumble on an extra $10k free cash and wish to invest all into Bitcoin, I'll just divide the money into there, use a part (around $3.33k) to lump sum, the second part to add to my DCA amount over some period of time in order to increase my aggressiveness, and the last part to wait for the dip to buy more during the dip. While I continue my regular DCA periodically as normal.

Lump summing with everything is very much fine by me, but I'll love to employ some technicality into acquiring more stashes of BTC since my goal is to effectively manage my spare income to accumulating more BTC and in the end I've still done justice to that.

Do you intend selling your Bitcoin in just a cycle or are you aiming for short term gains, I perceived you're a young guy and you've more time on your side to leave your investment for a longer period of time maybe 10 years or more which is 2 or more bear seasons, so if you're adequately planning for the dip alongside your regular DCA, you'll see it multiple times and benefit from it's low prices.

But if by any reason you're advanced in age and do not wish to hold for that long,  you might do as time permits you, but planning for the dip is still a strategy to acquire more stashes of BTC and if you can get more quantity, it surely means more profits for you on the long run.

Well some people don't  have plans and allocations and some people are financially capable but they are not interested and some people still see Bitcoin investment as a scam till tomorrow which is a very wrong impression and since the existence of Bitcoin is not certain some still feel they can invest now and then next thing Bitcoin has crashed which to me is not really possible because a lot of country are venturing into this asset and some prominent people also. However, Bitcoin investment is a choice everyone must not invest in... but it is very necessary to venture into but it is not compulsory you can't force someone to invest in... Or tell them how they should manage their finance. I don't actually believe your last paragraph where you said Bitcoin investment doesn't have risk in longe term it is not true even though long term is best way to go about Bitcoin investment there is still little risk.

You've made a valid point, and this leads to my question. Do you think some of these normies don't have that financial capability to allocate from the little they have, or they just don't know how to make plans and allocations?.

Now, my reason for asking this is that, in most cases, we come across people who finds it difficult to invest from what they have, because it is considered very little. And even though these set of people are opportune to get more income (maybe through salary increase, as a result of promotion), or other means, they still find it difficult to pull out a certain amount for investment, probably because they feel that an increase in income, also means an increase in expenses, which IMO, is a bad behavior to managing finance.



Of course, DCA demands consistency and focus, but I don't think the whole analysis thing is very important, besides there is no risk in investing for long, as long as your accumulation is intact and safe, because security matters alot for a long term journey.

If I understand properly, @JayJuanGee did not say that it is a bad idea to continue accumulating your Bitcoin when you are short on funds and to do so with whatever little cash you have left over. However; I believe that there is a saying that you can start building up your Bitcoin holdings with any amount you can afford, even if it is only $10 to $20 per week or month. But investing such an amount of money will not provide high returns. And if expenses are preventing you from investing a large amount of money, you should try to reduce them.

However, only individuals who are new to Bitcoin will be worried about market movements, and they must learn from those who have been accumulating Bitcoin for years and continue to hold. Using the DCA strategy to accumulate should be done consistently for a long period, whether monthly or weekly. It is unsafe for any individual to do so for a short time.

How long you can hold your Bitcoin depend on a lot of factors some of which I will explain as follows:

• The purpose for which the investment was made like if you bought as a returement plan, to save for your heirs or just because others are buying or because of the hype. Indeed, people buy Bitcoin for different purposes and they hold towards such motivations.
• The money used in buying the Bitcoin, if it is money that can be kept in Bitcoin for a long time or not. If the investor uses discretionaryincome to buy Bitcoin, such investor will hold Bitcoin longer and better than someone who uses money meant for basic needs to buy Bitcoin. This is why it is advisable to only buy Bitcoin with discretionary income.
• Provision for emergency funds which is money set aside to cover any emergency that may arise that was not planned for when making the investment. This is important because it will help protect the investment from sudden liquidation when the investor run into a situation that requires money and cannot just wait. The emergency fund is very important and hoghly recommendedfor every investor that wants ti hold Bitcoin for a long period of time.

Sure, there is nothing wrong with front-loading your BTC investment, when you are able to, yet not everyone is in a position (either financially and/or psychologically) to front load their bitcoin position.  They also might not have good cashflow management skills in place to just jump straight into bitcoin with seemingly high allocations that might be appropriate for your situation, yet less appropriate for others, including that many folks have difficulties even saving/investing 10% of their income, so sometimes they may well need to walk before running to merely get used to setting money aside for investing/saving, whether in bitcoin or otherwise.

Personally, I suggest that beginners to bitcoin can come in with 5% to 25% of their income into bitcoin, yet they surely have to figure out if even my own recommended range works (and is appropriate) for their personal circumstances, and in the end each person is responsible for his own choices of both whether to invest in bitcoin and how much, and surely many of us suggest to get off zero and to get into some kind of a beginning range (such as 5% to 25%), yet there still is an overwhelming majority of normies who are still stuck at either zero or very low levels of allocations to bitcoin.


Of course, you need to have pretty good assessment of your cashflow management in order to figure out which portions of your income are extra amounts that are coming in, so even though I had a system in which I divided any of my "extra" amounts into half, some other proportion might be more appropriate to your circumstances in order for you to keep your level of proportion of your BTC accumulation level at a level of aggressiveness that you feel is good for your particulars... which for each of us might be:  "How aggressive can I afford to be in my ongoing BTC accumulation levels (practices), without over doing it?"


People from the earlier times (including in 2015 and 2016) were making similar if not the same mistakes as they are today. 

There were some folks who are aggressive in their BTC accumulation, others who were whimpy, others who were bitcoin naysayers, others fucking around with shitcoins, others who were trying to trade bitcoin, and so even though in current times, we have a lot of BIGGER players entering the bitcoin scene, there are a lot of ways that bitcoin newbies are continuing to screw up in similar ways as they did in 2015/2016 in terms of thinking that they are too late and other nonsense that contributes to their ongoing failure/refusal to  get started in their bitcoin accumulation journey (or to make sure that they are sufficiently aggressive in their bitcoin accumulation journey, without overdoing it).


For sure, even though EarnOnVictor seems to be poo-pooing DCA as a method, there are going to be times in which front-loading your investment into bitcoin will be much advantaged over DCA, and especially we can see in retrospect that if the BTC price had mostly gone up, then we would have had been better to buy more in the earlier times (aka front-loading) rather than spreading our BTC buys out over time.

Of course, there are a few flaws in EarnOnVictor's seeming attempts to brag about his frontloading, which is that many folks may well not be in a position to either frontload or to lump sum, and DCA is the best that they are able to do in order to buy as many bitcoin as they can and as aggressive as they can as their income comes in.  Many times even guys who frontload their investment into bitcoin will be advantaged by continuing to DCA and/or buying on the dip.... so yeah, resting on the laurels of having had frontload invested into bitcoin comes off as a trading rather than investing mentality that could end up contributing towards guys losing their BTC investment focus, since even front loading might not be enough to get someone close enough to something like a fuck you status or some level of bitcoin stack/stash building that could well take 4-10 years or more just to build towards being in a decently good place, even with having had done some front-loading of it.

Another thing is that we really cannot know which way the BTC price is going to go, so frontloading might not be the greatest idea if the BTC price ends up going down rather than up. In any event, we should attempt to not get too distracted by guys who seem to be bragging out their intra-cycle profits, since it seems to largely be an attempt to get us into a trading rather than an investment mindset, which many times, it ends up distracting many of us from our needs to focus on ongoing BTC accumulation and not getting too worked up about whether our BTC holdings are in profits or not, especially if we are still in the first 1-2 cycles of accumulating bitcoin and/or investing into bitcoin, even though surely there could be some folks who are able to frontload their BTC investment, even in their first cycle, yet I doubt that it is even productive to get distracted by those guys or those kinds of ways of thinking about your bitcoin holdings, unless for some reason you might consider yourself to fall in such a situation that it becomes potentially relevant rather than largely a distraction to what an overwhelming majority of newbies should be trying to stay more focused on their BTC accumulation process rather than getting distracted into speculating whether trading might be a way for them to deal with the management of their BTC portfolio.


If you are talking about bitcoin versus shitcoins, then you better not be fucking around with more than 10% of the value of your bitcoin in shitcoins, and even 10% might be too much, yet surely some guys do like to gamble and/or they get distracted into shiny baloney and shitcoin talking points, so yeah, even if some guys might try to limit themselves to 10%, they might get lured into more into shitcoin based on the usually dumb talking points or even thinking that they can trade it or thinking that the shitcoin is a long term rather than a short-term proposition.


I agree with the idea of focusing on bitcoin first, and learning about bitcoin first, yet we should not blindly trust bitcoin, so we have to be considerate about figuring out our BTC position size in accordance with our building confidence in how we might end up choosing to allocate into bitcoin and the process can take a while to build confidence in bitcoin, even if we might start out investing into bitcoin as soon as possible, I would think that any of us should be trying to learn about bitcoin in order to increase our confidence in it and to be able to feel more comfortable, with the passage of time to increase our level of aggressiveness in investing into it... I doubt that we can automatically have confidence in bitcoin without having any clue about some aspects of what bitcoin is beyond just recognizing it as a word.


That is a dumb expression to proclaim that HODL means hold on for dear life, which makes it sound as if bitcoin were some other shitcoin, which it is not. 

Some dumbass from mainstream media started to spread the idea that HODL is hold on for dear life because they had no fucking clue about bitcoin, beyond seeing that it is volatile and wanting to emphasize the volatile aspect of bitcoin.  Sure bitcoin is volatile, but bitcoin is more than just volatile, and we should try not to get trapped into misleading characterizations of bitcoin merely based on some mainstream attempts to group bitcoin with shitcoins.


Your quoting seemed to have been wrong, and I think that I fixed it, and you seem to be wrong @hero_the_bossman if you believe that there is some kind of a need to study BTC prior getting started with DCA or if you believe that getting into bitcoin in a short-term kind of a way is a good approach to bitcoin investing.  If we are talking about investing rather than trading, then we likely should be striving to consider our bitcoin investing timeline to be 4-10 years or longer, so if we are considering less than 4 years, then we likely would be considering our bitcoin involvement as a trade rather than as an investment.