Topic: Buy the DIP, and HODL! - page 264. (Read 136305 times)

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.

I guess they was carried out by the discussion and they really don't know what they are talking about that's why they talk about trading stuff in this thread. Maybe good for them that there's someone correct them so I guess they should learn something.

If they can't accept the correction of other people regarding on what is intended to be done in this topic then provably they are the type of person which think that they are always correct and no one can correct them with their wrong thoughts.

Maybe its focus on people that have same beliefs and have valid point since these are people are really good to talk with since there opinions have always sense or always in topic.

It also sounds like trading, Bitcoin investment is more profitable when an investor hodl for a longer period of  time between 4-10 years, that's why is good as an investor to have different source of income or a reserve fund where you can easily assess in other to settle your unforseen circumstances so you won't go and temper with your hodling probably it might be at the dip at that time you will be at lost that's why Bitcoin investment is sighted to be a long term investment, but with your DCA strategy you can be able to buy at regular interval either weekly or monthly as the case may be.

It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread.

Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten.

I just got to know that you don't even read what is happening here before you make post, basically, from the subject matter here we are actually discussing about buying and hodling and not some form of short term trading, even if you trade and you make a whole lots of profits from it fine it's your choice but you should know where and when to channel your opinion accordingly, we have the trading section of the forum so if you want any discussion about trading that will be the right place for you to channel your opinion because doing it here makes you go against the forum rule of posting off topics replies.

Yeah there are people who makes trading their hobby such that they are always at alert watching the market and using different signals to target the market fluctuations but do you choose what will deprive you from doing other things simply because you ard busy watching over the activities of the market and it can lead to being too addicted to trading.
It's very clear that all what you are trying to entice others to do is to give them the idea that they can get rich quick by practicing trading but I want to tell you that you had better embrace hodling for a long term because the day your trading strategies will fail you, though I don't pray for that to happen to you but you should know that Bitcoin is the key to wealth creation and it's only when we are fully involved that we can have the taste of it.

Trading may not work for you all the time and when the losses begins you may lose much more than you gained and possibly lose your capital too, so hodling is the sure way to go.

The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in  a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase.  If we treat it this way, we won't get tired but keep investing in our digital gold.

This is completely an off topic and meanwhile this thread is not talking about selling which sounds more of trading and gambling, but accumulating Bitcoin and hodl for a long period of time for like 5-10 years and the best way you can do this is to set aside an amount of income after setting aside your reserve fund or an emergency fund then use to amount to buy Bitcoin by using the DCA strategy which will help you to buy at regular interval either weekly or monthly.

Is unfortunate that most people do not understand the purpose of this thread because obviously he is talking off topic and what surprises me is how he feels that is the best strategy for him,sometimes ignorance could actually lead to failure on investment because obviously @ArumiBTC doesn't understand the risk involved on the strategy he is talking about and it has become crystal clear that he doesn't want to learn or understand what investment is all about, however considering his level into into Bitcoin investment he is clearly a beginner who doesn't have any knowledge about investment and the best thing he should do for himself now is to learn instead of formulating an erotic strategy thinking is the best.

We are not discussing how to buy bitcoin as a day trader, what we are discussing here is how to accumulate bitcoin and hold it for the long term with the different strategies used in accumulating bitcoin depending on your income source. If you open a thread next time, learn to know the topic of the thread you opened so that you will not spam the thread with your post. Since you are a newbie and you're in this thread, you should accumulate bitcoin with the DCA strategy so that you won't want to put all your money in bitcoin at a time. With the DCA strategy, you can use 10% of your salary to accumulate bitcoin when you are paid a salary. The DCA strategy will allow you to accumulate bitcoin without deciding if it is the right time or not to buy bitcoin. You should also keep an emergency fund that will help you solve your unforeseen problems so that you will not depend on your bitcoin to solve them.

Building and maintaining an emergency fund should not be underestimated because is the key when it comes to bitcoin investment because without it one's financial stability is not ensured and when one's financial stability is not ensured holding bitcoin or other investment without selling them out will be difficult.

The availability of emergency funds, reserves and float gives one the security when financial emergency comes. This approach of emergency funds makes sure that they are solved without one dipping into one's investment.

Just like you said in other for one's Bitcoin investment to grow one needs a solid financial foundation because the absence of a solid foundation would definitely lead to depletion of investment and will also hinder one's long time investment success.

Emergency funds are very important as the investment itself, because without it one's investment may crash.

The reason some people don't see emergency funds as so important is because they earn enough salary that can cover up there emergency at any point in time.
But this is wrong because if you lose that job it will lead you to dip your hands into your investment in other to settle your financial needs.
But if you had an emergency funds it will prevent you from using up your investment.

Actually, if someone who is a beginner gives a misleading argument, I think they really don't understand what they are talking about. I think they should learn and practice the correct way of investing in bitcoin. Someone who wants to learn about bitcoin investment will ask the right questions that they don't already know, instead of giving directions that are misleading with what they say.

Previously, many beginners had successfully practiced DCA in long-term investments because they had the desire to learn and they also wanted to put it into practice in their investment planning.

Maybe for ArumiBTC you have to learn about Bitcoin and you can go back to asking what you don't understand. That way, the seniors here like JJG will provide explanations that might be easier for you to understand in planning the investment you will make.

I don’t understand what’s misleading on my statement. You are exaggerating my comment and consider trading as risky even though we are talking about Bitcoin here.

I’m not suggesting anyone here to follow my strategy but I just share that I can do both since I have long term holdings that I purchased long long time ago in a form of physical coin loaded with Bitcoin while trading at the same time using my money I get from my job and business profit. There’s nothing wrong here, even newbie can do this. I’m not suggesting to do a risky trade that’s why I mention on my previous post if you are reading it completely that I don’t involve on futures trading. Just simple buy low and sell high on spot market is what I’m doing on my trade. There’s nothing risky with this approach.

To be clear, my intention is not to promote trading here, I just share my dual strategy base on my quoted discussion not for the general comment here.

I think it's in  your best interest to understand this, this post you made is actually off topic, and I think you should read the topic before rushing off to post. Trading isn't the whole discussion of the topic, and trying to debunk the topic under this thread is actually off topic and totally uncalled for. Your post would've been most appropriate in a corresponding thread.

Aside making an off topic post trying to debunk the topic in the discussion, something else that is totally uncalled for is the spam post you dropped here. You should be aware that there are penalties attached. Even if you may not feel I'm in much position to correct you, but since you're a newbie and doing these things that I see you've done, I'll advice that you quit running around and cool off,  read more than you spam. That way, not only will you get experience from higher members, you will also gat ahang of how it works here on the forum.
This thread, (since it totally appears that you do not get it) is created to discuss HODLing and not promote trading or any other off topic that you can think of. If you have no idea, or contribution to make on the topic, what I'll advice is to find a topic that you can naturally relate with.

That might sound more easier said than done, the reason being that you have been in the market a little bit longer enough to understand the market conditions in as much as trading can devaste ones emotion which is not mostly advisable. However, the thread discussion is not really based on buying and selling but talks more about various strategies of buying and holding Bitcoin for long term, your narratives on the part I highlighted can become problematic considering the fact that there are newbies,(those that are still new in the system who may not have the psychology enough to approach trading and it can be misleading to those who are yet to know how to work there way out in the market,Yes anyone can do whatever they like, but there is no way anyone should be advice to be trading Bitcoin let alone a newbie.