Topic: Buy the DIP, and HODL! - page 263. (Read 136255 times)

People have mostly fail to understand that in crypto their is no diversification, because their is no substitute to Bitcoin, you can't be selling off your Bitcoin and be buying alt or shit coin, to me, that's stupidity in the highest other, so it's either Bitcoin or nothing in the crypto space.

But if you are talking of diversification of investment in real sense, you can diversify with an asset like gold, land, real estate just as cryptoprincess has already, said stock, diamond and some other businesses away from Bitcoin entirely,  but as long as it's in this digital space, it's best we stick to Bitcoin till the very end, because it's the real deal.

Sometimes I also wonder why people try to diversify to other form of investment that is lesser than the one they already own, basically diversifying from Bitcoin to shitcoins how does that even sound in the ear in the first place? However, if you must want to diversify your investment let it be on an asset that is worth it or worth more than Bitcoin and to me I don't even see any digital investment that is worth more than Bitcoin except maybe some real life projects that have high potential values and returns just like real estate so that is the kind of investment to diversify to instead of shitcoins because I just see shitcoins like a distraction for anyone who is committed to owning a huge portfolio in his Bitcoin holdings.

Investing on shitcoins has caused a lot of people emotional damages even one of my cousin who was into Bitcoin before me told me that I should never give shitcoins a trial any day no matter how much i have because he has wasted thousands of dollars on shitcoins but what did he got in return? Losses. Never will I diversify my Bitcoin investment to shitcoins except if it is an asset that has more value than Bitcoin and for now I've seen none.

There are several topics in the trading section to discuss trading but this section deals with how an investor can hold his investment for a long period of time or how to maintain the consistency of the investment. There are many investors who have got a complete understanding of investing by discussing this section and how to invest and how to maintain consistency but many members of this section have a rough idea. JayJuanGee discusses every topic here clearly and if any user gives wrong information in any discussion then he makes another comment against that post and there he clearly highlights the correct information.  In his talk he tried to explain about investment in such a simple way that everyone can easily understand about investment very well.

Initially I had a lot of trouble to understand about such investments and DCA investments but after regularly watching the discussions in this section and working according to those discussions, I now understand the concepts of DCA investments very clearly. I am investing in DCA investment method and continue to invest and I hope that in the future I will definitely learn something good from the discussions of JayJuanGee who regularly discuss in this section and my ideas will be more clear.

Diversification can be a tricky idea for newbies making them feel that theu have better luck for progress or to be rich by putting their eggs in several basket but also making them forget that the more you invest the more profit you should expect if eventually the asset does well, when it comes to bitcoint its has become so obvious that if you don't have a good stash or have not accumulated enough bitcoin then you should bother less about any price increase.

And what those that think about diversification too early forgets to consider is if they can handle diversification, yeah surely there are some persons that are already well built in terms of finance and have enough money to both funds investing in bitcoin and another asset without cheating his bitcoin investment and there is also another that has only enough for one asset and if he tries to diversify would end up cheating bitcoin, and surely people tend to forget that the game of getting rich is all about concentration in the sence i mean having enough in one asset that would be able to generate profits for you and then you can use that profit to build other asset.

IMO while diversification may be good it's not the best for anyone just starting out his bitcoin investment cause he should only focus on having enough bitcoin to prepare for up and then if it goes well he woul ld have enough to build other asset.

So it's that time again, the price of Bitcoin goes below $60k as per cmc, 



As far as diversifying in crypto? I don't think it's advisable, just focus on BTC and I think it will be not as stressful as having shitcoins or meme coins in your portfolio as we all know that those are really hard to hold and obviously can be used for pump-and-dump scheme and you don't want to be a victim. Nothing against those who invest on them, but you should know what you are doing, so that you can mitigate the risk.

But if you only invest on Bitcoin, it's not that complicated, DCA, accumulate as much as you can, stack sats just like today as the price is going down, continue and have patience and wait till we reach the top next year. And if you wanted to take profits then sell, if not they continue what you are doing in the next cycle, rinse and repeat. You can sleep at night without worrying of your investment.

In my opinion it is completely inappropriate to diversify because we only buy bitcoins not shitcoins. If they are afraid of losing then it is better for them not to invest. Every investment has risks, but we can minimize the risks by choosing Bitcoin as a long-term investment. For someone who does not have full confidence in the decisions he makes, I consider him not mature enough to invest.

It's true, as you said, why diversify assets if the other goal is for shitcoins. in a situation like this I just give a little experience that I saw in media X where many people have become poor because of buying shitcoins and I hope everyone in this thread doesn't become the next victim of shitcoins.

Just focus on Bitcoin, if you don't know Bitcoin well enough then learn while investing. Everything takes time to achieve success in the investments we make. Therefore, continue to believe in your decisions rather than listening to misleading influencers on social media.

There is no reason to diversify for the mere sake of diversifying.  Maybe you heard that idea of diversifying from a shitcoiner?  or perhaps from someone who was trying to sound smart, or sell you something?  Do you believe everything that you hear?

Surely if you have accumulated a year or more of income/expenses worth of investments/savings, it might start to make sense to diversify.. but the mere proposal to diversify for the mere sake of it, just because it sounds good (or smart) does not make a whole hell of a lot of sense, especially for someone who might be in his earliest stages of building his investment portfolio or if he has a small disposable income and he is only investing $10 a week or some small amount (even $100 per week is not very much), then you want him to divide that $10 per week into smaller lots.. .. think about how dumb that sounds as a blanket statement... .but yeah, once you get to a certain size, then some diversification might start to make sense, and perhaps adding one asset at a time.. maybe every 1 or 2 years add a new asset.. .

but no need to rush into diversifying into anything that might not make sense (especially something like shitcoins, which would be gambling rather than investing, but some folks might consider shitcoins to be amongst the only practical things to buy, which might not be a good idea.. but people have to decide for themselves)... but yeah the traditional assets of property, equities, bonds, commodities, cash/cash equivalents, seem to be part of what you are doing.. which is not necessarily wrong, but not necessarily a good idea for everyone depending on the totality of his investment portfolio and how it might already be divided up.

someone is 20 years late if he only has 1 source of income now, there are many ways to make money now as long as you are willing to work hard for it, i myself have an investment in bitcoin which i have been doing for the last few years, although not consistently but every several months i continued to buy and sell the bitcoin that i had, as a result my portfolio rose 30% ^{(plus my payment in the signature campaign)} since i first decided to invest in bitcoin.

apart from investing in Bitcoin, i also diversify my investment in several assets, such as gold and property, but i plan to sell several percent of my gold investment to buy Bitcoin.  Actually, diversifying investment is quite challenging, especially when the assets we own move quite wildly.  Don't put all your money in 1 basket, this is what i remember.

Yes, there is a decent amount of personal discretion in making and following through with these kinds of decisions regarding, when, where and how to invest your money - perhaps based on BTC growth and or some needs (or feelings) to not have all of your investments in a narrow set of assets, such as ONLY in dollars and cash.. or maybe even if you have one or two other things, you might not feel comfort in that, especially if your BTC investment might have already been growing for a decent amount of time, such as 10 years or more.

Hopefully any of us would be attempting to tailor our own approach to BTC allocations and/or reallocations and/or diversification in terms of of our own working through of our 9 factors.

Surely another factor of diversification is that people come into bitcoin and they erroneously believe that they need to diversify early on in their investment, which truly is not correct,  yet it can be difficult to know exactly how and what points to diversify, which largely means that individuals have to figure out these kinds of matters for themselves, and hopefully they can come to the right kinds of balances, especially if they are figuring out how much discretionary income they have (or other money that they have saved up/invested), so how much capital they have can also affect how reasonable it might be to diversify, and hopefully not getting distracted into shitcoins either, except maybe if they feels some irresistible urges to gamble with shitcoin then they would not invest anymore than 10% of the size of their bitcoin investment (and hopefully not cheating either in terms of draining their BTC investment by divertiing BTC funds into crap that is losing value).

Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made.

Also ensuring a reinvestment into your Bitcoin holdings.

I think you really didn't get his point, he's advising against selling off your investments totally after the supposed 10 years and proposing means to remain an investor. From my understanding, he's advising for worst case scenarios, maybe you're out of funds and want to sell off to maintain your living and his advise is simple. Instead of selling off, you should just take some part of your gains and invest it wisely so that his investments can continue taking care of him while he maintains his investments in bitcoin and works on increasing his portfolio continually while solving his problems with his diversified investments. This is better instead of preying on your investment to satisfy your needs after 10 years.

I think you didn't do your researches very well before saying this. I do a little agriculture in my country. I plant potatoes and cassava. Potatoes is harvested within 4 months and some cassava stems are harvested within 3 months, 6 months or 8 months depending on what you got. When done well, I get 150% ROI at least quarterly. I'm sure of diversification in agriculture because I currently practice it. So there are businesses that are very profitable and are worth using as means of diversification  for problem solving and emergency response purposes while still holding profitably.

There surely can be some advantages to diversifying, especially when your bitcoin become a certain worth and also your bitcoin might overwhelmingly become too much value in one place, and your prior off-setting of your BTC with cash is not sufficient, so diversifying can be ways to consider diversifying into cash, but putting your cash to work.. which surely might mean locking it up and then also sometimes causing a lot of extra work if the way of diversification is NOT mostly passive but ways in which you might have to get involved personally. 

Besides just knowing that the answer is not straight-forward and there are factors to weigh, we likely are not going to want to jump into diversification for the mere sake of it.. especially if we might just be creating more work and expenses for ourselves and also causing ourselves to be less liquid... On the other hand people sometimes do want to have a purpose and meaning in the world and ways to interact with other people, so sometimes businesses and real estate could provide for those kinds of interaction vehicles, if they don't come at too high of a cost in terms of taking up our time in activities that we do not want to get caught up into.

Yups pretty much agree with your opinion, a period of 10 years is indeed quite long and maybe you or anyone can make a pretty maximum profit as a result of effort, hard work and maintaining consistency in the process that you have passed but that does not mean that after we complete the 10-year accumulation plan we no longer need money, because after all we will always need money to survive, which means not getting too hung up on the accumulation planning limit might be good enough to keep in mind, because the problem is that maybe you will also limit your mind to build further ideas or the point is that you only focus on planning for a period of 10 years.

Another thing is that I think having a plan for the accumulation that you want/will run is indeed a good approach (regardless of the timeframe) but I think this is just a plan, because after all it is a fact that we never know what will happen someday, or that means it is always possible for us to experience undesirable situations that can make us disrupt the accumulation plan that we have planned, For example, you are unexpectedly laid off from work which makes you experience a loss of income which of course the situation can make us experience a delay in the allocation for accumulation planning, meaning that I don't think it's bad to not focus too much on the planning period that you have set, or it means that you better think that while you can get involved in investing by applying good consistency to the DCA strategy as long as the situation is favorable then do it.

I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business.

You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail.

Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad.

There's nothing really wrong with having differences of opinions, and or even mentioning some things that are not on topic, but there is a bit of irritation to see a newbie coming into the thread and preaching from an angle that is not even on topic.   Furthermore, there are all kinds of ways that guys can trade and be profitable, yet it is still not on topic here to either get into it or to be trying to suggest it is equally good as the various methods that are being discussed here.. since we are not in a thread of comparing and contrasting how trading might work as a possible alternative, when the thread topic does not even include selling as part of its framing.. so as soon as any of us get into adding selling into the discussion, the addition of that concept changes the whole parameters of a whole shitload of possible topics related to trading (and/or gambling), which surely we have not been doing here, except perhaps incidentally..

So technically his post is not so bad in order to get deleted by a moderator, but from my perspective, it seems bad enough (in the preachy sense of trying to argue a kind of relativism in regards to trading versus investing, which surely might not have had been his intention) to warrant a response.


I am not completely against the idea of trading, but I am against the idea of bringing it up in this topic, and also against the idea of trying to proclaim that trading is similar and/or equal to investing, when it is not, since trading takes additional skills in which some of the skills can be complicated to apply in the real world, especially in terms of assuring profitability, which surely trading could be argued either way in term of whether it might be a good thing to do.. even though an overwhelming of traders are either not profitable or they really have not been able to beat a pure buy and HODL strategy, especially when it comes to bitcoin.

And, no matter what, trading is not a topic for this thread to be arguing such off-topical nonsense, when there seems to already be enough ideas to talk about in regards to investing and accumulated BTC, so why should we be getting distracted into other matters (such as comparing trading/gambling to investing) when there are other forum threads for those kinds of discussions.

Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more.

I'll advise that even after 10 years and you must've gotten your good profits, don't sell off,  you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits.

Like I don't really understand why some people are so adamant in accepting a fact, and I just see that the reason most times is because they find it difficult to go through others reply in a thread like how can someone just bump into a thread that is centered on hodling Bitcoin and basic strategies required for long term investment and be making some kind of nasty stuffs, when there are spaces they can channel it to instead coming here to prove a baseless point even ordinarily looking at the subject alone should send a signal about the potential discussion going on here. It's so bad that some people chose to attend events they are not invited, lol

Since when is trading the same as hodling BTC? It seems like you have made a mistake in responding to this and even deviating from the discussion of many people who do not assume that here. And when you are someone who likes to take advantage of the Dip by implementing the DCA strategy for large-scale investments, you also shouldn't accuse other people of not having patience for this if you don't have enough accurate data regarding this. Even though everyone's patience is different, in terms of taking advantage of the Dip and holding Bitcoin for now, there are quite a lot of people who are happy to do it.

So you should not assume that other people do not have enough patience to do their best and it is also not appropriate to equate any trading with people who hold Bitcoin for a long time because people who hold Bitcoin for a long time rarely think about trading. Even though sometimes they also like to make money in different ways in the market, holding Bitcoin will always be their priority in the long term because it doesn't just start from now, but long before times like now.

You can't keep investing all your life without having a time frame to take something out of the system. The time frame of 10 years he gave is enough to see some level of maturity and certain profit in your investment. Just imagine building a project without having a time frame of completion of that particular project so that you can embark on another one. After the 10 years the investor might consider removing some of his profit from his investment and from there he can set up another time frame and keep on his investment. The 10 years time frame doesn't mean that after 10 years he will stop investing no, what it simply means is that after the 10 years has expired he will harvest his profits and set up another objective of another 10 years or as he/she deem necessary. As humans as long as we are alive, we will keep on investing.

In as much as everybody has there right to there opinion and how they wish to invest there money but trading shouldn't be your alternative, besides you are too new to be talking about trading because obviously you don't understand anything about trading because if you do you would not have seen it as an investment wise so perhaps it will do you more good if you change your mindset from what you believe trading is all about, however I don't always understand why beginners are always lured into trading because of the easy profits they feel they could make without understanding the concept and the risk involved, so I would advised you focus on Bitcoin holding because that's the only way you could possibly see the profit you had plan and not for trading.