Topic: Buy the DIP, and HODL! - page 27. (Read 128982 times)

Emergency funds is not for enhancing one's living but to service unforeseen circumstances(events that you do not expect to happen and must be tackled immediately). enhancing your productivity can be planned over time in order to achieve that. Compromising your emergency funds to achieve feats that are non-emergency is a wrong discipline in your financial management and that alone would leave your bitcoin portfolio vulnerable when real emergencies show up and you have depleted your emergency funds on things that are not emergencies.

Are you referring to Investors reaping short-term rewards from bull runs? If that is the case then you are on the wrong track and this is a trader's statement. Investors should see bull runs as an encouragement to even invest more and a time to be assured of the profitability potential of bitcoin and not a time to harvest part or all their investment before maturity. Holding your investment for a long term is the right attitude to getting better profits after several cycles and after reaching your accumulation target. Investors need not be swayed to loosing focus on the long term plan because of short-term profits that comes with the bull run, else they may regret in the long run that they sold much BTC too soon and missed out on better profits in the future.

Yeah no one's late to invest into Bitcoin even at this point when the price is going higher however if he's watched carefully and follow up the ongoings of this thread then his Bitcoin journey would go smoothly whenever he decides to take a bold step and join the moving train, everything you've said to him is very important, he has to think long-term and invest consistently and I believe by now he should've known about some good strategies that would help him accumulate better and if he could be patient enough to accumulate and hold for a very long period and more, like 4 years and above, he'll be making one of the best decisions in his life. Anyways, I want to also add that he should ensure he has a stable source of income that would help him accumulate consistently for long-term.

I would like to say just correct that he is still not late but that's ofcourse if only he understands what the future holds with Bitcoin which ofcourse he has no idea at all. Bitcoin for me at this stage is still not late although many people who are scared will think that the price has gotten too high for them to buy which is probably what many other people like him did when the price went up all the other previous bull run when a new ATH was attained, I believe those same set of persons who still taught that 100k was an impossible feat would be dead suprised by now and also being regretful of not actually buying when they had the opportunity.

If I were you I would just stop thinking about anything and follow the advice given below and set a buying consistency strategy for a long period because that's the only was positivity can come to your investment and most importantly just hold this principle that no matter the weather the price of Bitcoin is always moving forward @historical facts.

just mere reading through what you have wrote here shows how a completely innocent newbie thinks when he's about getting started in his investment and I tell you this, no one hasn't had this feeling that he's already late as long as it concerns investing in bitcoin. ask those that started investing in bitcoin at $10k and they will tell you that they had the opportunity of investing earlier enough when bitcoin was below $500 and that it will be best to wait for a DIP before buying. sometimes in a bid to wait for the DIP, bitcoin might end up going really high to the point you start to regret not buying at the time you had the opportunity of buying bat a lesser amount.

note that if the amount you are using to make your purchase isn't much, even if you wait for a 40% DIP, the difference won't be much whether you bought now or wait for a long time before buying. to avoid some of this complex possibility, the use of the DCA method helps you to start building your portfolio bit by bit without being too concerned of the bitcoin price at the different time you wish to buy.

now you know the basics of bitcoin, starting small will be the best thing to do and depending on what you can afford, you can choose to start from $10 per week, $20 per week or so on depending on your financial capability. since the intention is to do it for the long term, you can just continue to build it this way till your finance increases and you can now decide to also increase it in a manner that is proportionate to how well your finance has grown. the earlier you start getting things right and also work on your emergency funds on time so you are never pressured to sell too soon even when your are in a slight profit, it will at the end help you continue to accumulate your bitcoin seamlessly for the long term.

It would be better if you do not delay or wait for the price of Bitcoin to drop and if you already know the basics of Bitcoin, do it, because basic knowledge about Bitcoin is the main thing that you really need to know, especially the benefits and also its traces.

And the most important thing is that you learn or find a method or strategy that suits you and also suits your finances, and Bitcoin is not a get-rich-quick scheme like you said if you invest a week earlier you will get profit and my question if you do it do you have a large capital to get big profit in a week.

And as you said the price of Bitcoin is too high approaching $ 100,000, but that doesn't mean you can't invest. And to reach that price Bitcoin takes a very long time and this is what you have to find out.

You can invest now by doing the DCA method, because DCA can support those who do not have the ability to buy Bitcoin in large quantities. And you can buy it in small amounts according to your ability every week or month consistently, because if you do it in the long term then the Bitcoin you have will accumulate and become large in the next 4-5-10 years which will provide very large profits for you. Never delay investing in Bitcoin because the price of Bitcoin will continue to rise even higher, which will make you regret it even more.

I don't think he has much knowledge about Bitcoin. It is probably well known that he has been proven wrong time and time again and made wrong predictions about Bitcoin. He once said that Bitcoin will never touch $50K and said again that Bitcoin will never touch $100K. But even after his bad statement, Bitcoin proved him wrong and increased to a High extent. Currently the price of Bitcoin has risen and is very close to touching $100k. Not only Peter Schiff, another critic of Bitcoin is Jim-Cramer, this idiot has also made many wrong comments about Bitcoin even he has been proven wrong time and time again. Today's Jim Cramer said on the social media platform Twitter

I doubt if he will regret his tweet about bitcoin not getting to $50k and not investing the $5k in bitcoin when the price was very low. Be not deceived; Peter Schiff might have more bitcoin knowledge than you, but since he clearly hates bitcoin because of the power it possesses, maybe he has a lot of people in the government, and he just made that tweet to discourage his followers so that they will not invest in bitcoin, which will give them the power to keep manipulating people by deciding when they will access and use their money. But I am happy that Bitcoin has proven him wrong, and his followers who followed that stupid tweet will be the ones who will live in regret because they missed the opportunity of gaining financial freedom through bitcoin investment.

Such things will only waste your own time if you have the intention to invest in Bitcoin from now on, because you don't need to doubt your own intentions, especially if you intend to run a long-term investment with a higher profit target so you don't need to focus on short-term profits like you said. So it's a good idea for you to start immediately even though the price of Bitcoin is in a high range, but that is not a reason that can discourage you from doing it, because Bitcoin could pass the price of $100K and could even reach the price of $200K in the future. Now you just need to strengthen your own will and mentality not to be afraid to invest in Bitcoin before entering the new year.

Since your plan is for a longer time I think there is no need to wait for Bitcoin to dip before accumulating Bitcoin reasons been that the more you wait for dip the more the price keep increasing and the more you are missing out market opportunity, and you might also regret not accumulating Bitcoin now thinking the price is high if the money to accumulate Bitcoin is available since you already had some basic knowledge about Bitcoin you can get started because you might be waiting for Bitcoin to dip in price before accumulating then the price keep on increasing day after day those that refused to accumulate now will definitely regret later when Bitcoin price will be $200k and above.

If the fund to accumulate Bitcoin with is available your discretionary income, emergency fund then you can start accumulating with the DCA strategy which will be suitable for new investors where you can accumulate Bitcoin regularly weekly or monthly irrespective of the price and hodl for long periods of time properly 4-10 and above.

Your plan might be ideal for investing in Bitcoin if you are not looking at a bear market for your long-term investment. I support your long-term plan but waiting for a bear market is not a good plan at all. I think you might be suitable for investing if you have a reliable source of income for your investment or an alternative source of income with which you can continue to invest and win for a long time.

Since you are on a long-term plan, it would not be right for you to look at the market. Because the market is currently bullish, no one knows how long to wait for a bear market, or Bitcoin never entered at the price you expected, then you will not invest? Or will you wait more?

You are already regretting that Bitcoin could not enter a few days ago, it may be that this price is a low price for the future. Maybe Bitcoin will never fire at this price again! I do not think it is impossible. It may also be that if Bitcoin pumps twice as much from this price, then your regrets will increase even more. It does not matter.

So, since you have basic knowledge about Bitcoin, you should not delay unnecessarily in entering the investment. If you have money to invest, then you should start investing now. Many people are investing regularly even in this bullish market situation.

Taking at a look on the market cap. of Gold, which is $17.0 trillion, and the market cap. of bitcoin as stated by @Wind_FURY to be $1.90 trillion, your mathematical calculations are wrong @Samlucky O, because your calculation of bitcoin price reaching $550k - $600k ONLY amounted to $11.5 trillion to $12.6 trillion as stated by you which is not anywhere close to Gold.
         My bone of contention is not about making any comparison between bitcoin or Gold because if we take a look at the time when Gold was introduced, and the time bitcoin was introduced you can see that the growth of bitcoin has outperform Gold just within 15 years of Bitcoin's invention, so if we are to have a picture of what bitcoin will become in respect to Gold by this time in the future you will understand that bitcoin will surely become the superior asset here.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

You seem to be lacking in understanding and appreciation of what bitcoin is as compared to what gold is.

Bitcoin is likely in the ballpark of 1,000x more valuable than gold, but currently bitcoin has a market cap of about 1/8th of gold.

Even if bitcoin does not reach gold parity this cycle, it seems quite likely that it will reach gold parity and march towards around 1,000x greater than gold, whether that is bitcoin's price going up or gold coming down or a combination.. and such fair valuation could take 50-200 years to play out.

You can believe what you want in terms of your own ideas of relative valuations, and by the way, just think about it, gold has been pretty fucking flat since bitcoin came into existence (and especially since 2011), and if you think about the situation, even if we start our calculation from 2012-ish when bitcoin was $5 (and had a market cap of about $60 million), gold still had a market cap of around $6 trillion back then, so bitcoin is already eating gold's lunch and you can fail/refuse to recognize what it going on all that you like, and hopefully you either have not underprepared or perhaps you could spend time looking into the matter so you are not in such disbelief when you are going to be likely to continue to witness bitcoin ongoingly eating gold's lunch in the coming years.....


How do you know how long it is going to take bitcoin to reach $500k to $600k? 

It could happen within the next 6 months or yeah, it might take more than a whole new cycle.

it is also possible (perhaps 2% odds or so) that bitcoin could get above $1 million this cycle (meaning either in 2025 or perhaps no later than the 1st half of 2026). 



Market cap is a decent measure of value at least in terms of current market price.  Of course, many of us consider bitcoin to be around 1,000x better than gold in terms of its verifiability, scarcity, divisibility, transportability and costs to store/transport and less need for a third party, and some other moniness reasons.  The mere fact that bitcoin is better does not mean that the market is going to recognize that right away... so it could take 50-200 years to reach such relative valuations.. but then it could happen more quickly, too.

How do you know that bitcoin price will go down to $88k dollars? Your inconsistent statements seem nothing but foolishness to me. Instead of fooling yourself, think positively about Bitcoin. Looking at the upward trend in bitcoin price don't you think that this bitcoin price is only going to go up and not down maybe there is no chance of bitcoin price going down at the moment. You should keep in mind that right now Bitcoin price seems most likely and easy to rally from the lows of $88k to touch $100k. Just take a look at the market today and you will see that the price of Bitcoin is very close to touching the 100k dollar milestone. i think just need a little push, so the price of Bitcoin will potentially touch the $100k dollars.

BTC Gradually then suddenly.

Since bitcoin is a long-term investment, setting up emergency funds or building up emergency funds as you are accumulating bitcoin is very important thing to do because it will help you to sort out your unforeseen problems anytime they arise, which will allow you to hold your bitcoin investment for the long term because you will not depend on your bitcoin investment to do that. Any investor who doesn't make provision for his emergency funds as he is accumulating bitcoin has a big possibility that he will end up selling his bitcoin investment to survive because, at some point in your accumulation journey, you must need a new thing in your life to enhance your productivity, and if you don't make provision for emergency funds, there is no way you can make that happen or achieve that, and it might force you out of the game, partially or permanently.

Don't be confused with your words, we are just between $1K-$2K apart from hitting our $100k target, there is no harm in believing that we can hit the target by tomorrow or next.

There is no time needed before we call it in, we are not ending this month without the big surprise, even if it exceeds this weekend we still have few days inside the new week to make it happen, now it has gotten this close anything is possible and our hopes are solid than ever.

It won't take much before bitcoin will hit $100k it might even happen the next day or the next week , I believe bitcoin going to hit $100ksh this year , and  we will be expecting another break through in the year 2025 . Many folks that have gotten enough bitcoin for themselves already, are literally waiting for $100k before scraping some profits .

While those that haven't gotten are still trying to build a Better stashes over time , and don't worry keep accumulating and build up a nice Stash I believe yah hardwork will surely pays off (bitcoin is good at that ) .

I have the feeling that by next year Bitcoin target would be the range of $150k-$200k and above.

I am not good at analyzing charts about Bitcoin prices, whether it will continue to rise or fall in the future I don't care anymore, what I remember is that BTC only has 21 million coins and now the ones in circulation are 19.79 million. For that I have removed the concept of waiting to buy, I prefer to buy when I am due.

I am friends with many investors on social media, they are not good at analyzing charts at all, they only apply a consistent system in the investments they make. I think they will be more successful compared to those who are good at analyzing charts but they don't buy them.

I am still in the accumulation stage because my target has not been achieved as I planned, of course I will not look at the price when I buy bitcoin. But yes with the current price I get less bitcoin than before the spike occurred, Yes that doesn't matter because slowly I will succeed in collecting more bitcoins.