Topic: Buy the DIP, and HODL! - page 277. (Read 136518 times)

A person should invest only as much as he can afford to lose, because investing in cryptocurrencies has a high chance of profit and loss. Therefore, invested assets should never be over-risked, but investing in Bitcoin is inherently guaranteed. Because Bitcoin has been faithfully surviving in the market for a long time, now investing in Bitcoin with DCA method will surely bring investment success. But investing anywhere other than Bitcoin is foolish, so one of the strategies to set yourself up for success is to earn Bitcoin by investing in the DCA method.

No no JJG I don't mean about believing on the prediction given by AI since its really a big OFF since AI cannot help us with that our critical thinking would matter the most in every situation we want to decide for our bitcoin.

But what I trying to point out is AI is helpful for research purposes for example a newbie want to research about price history of bitcoin for year 2008 up to  2024 information's will pop up there and they can learn something more faster by help of AI in that way. Also if they want to research about DCA, to hodl and other thing it can automate their research time and they can get the information more faster rather than spending a lot of minutes for researching it manually which can burn out them. Price prediction of AI doesn't prove anything yet that's why its really unreliable and we should really not rely our investment on this technology.

Why will you waste your time to start making research on which shitcoin to invest in, when bitcoin is already there for you to start investing in, without stress or fear of losing your funds, as long as you are on a lk g term investment.
There is no better shitcoin which anyone should invest in. Shitcoin is shitcoin, and they will always disappoint whoever buys them. Only bitcoin is the unique amongst all. You should not hype any shitcoin because they have no future and time will tell. I think that it is not only lack of knowledge that is making people to buy shitcoin but some people are too greedy that they want to invest very little and make huge profits within a short time. It is not like some of them don't know that bitcoin is king they know.

The thing is that some of them also have mentors that tell them the type of shitcoin to buy that will give them profit within a short period of time. This is where they get it wrong because they cannot outsmart the market by knowing when a coin will dump and crash. So they are trying to play a game which they know that is risky but they decided to give it a trial. This is why shitcoin buyers are people who are gamblers and are not serious to build their investment by putting their funds in shitcoin instead of bitcoin.

you should not blame anybody because what nice people to join a wrong investment is based on the lack to make a proper research concerning the particular investment that they want to venture into because a shitcoins can be identified able based on your research, but if you don't make a research you will not know a good shitcoin that worth to invest, that is why I always emphasizing on someone to make a research because you cannot compare this shitcoin with a Bitcoin because bitcoin have a more influence more than all this coins.

Just as learning and teaching people are different, I consider this to be a common thing shown by anyone in the world of learning if we understand the attitude and lay of humans in conveying their opinions, I also do not matter how someone with his expression conveys the truth about bitcoin here.

It's not about pettiness in my opinion, considering that from that kind of thinking someone wants to try an easy way to understand bitcoin, but I don't think it works well if you only rely on AI to receive information about bitcoin, first as you mentioned, it's not necessarily true, secondly the way the AI explains it will not be understood even if the AI explains in detail about how bitcoin works but I don't think it's easy to accept a mathematically written explanation of the technology, we need to have experience in network activity in order to understand, and I don't think that's easy either, unless maybe just learning about the trade, many people are skeptical about the technology in bitcoin itself. AI will only explain in general terms usually, and the data must be questioned about whether it is true or not.

It can be very wrong to completely digest what ever information that is gotten from AI, there must an all round check up, contrasting and comparing which of course requires critical thinking such that any one that shy or run away or probably procrastinate having this critical thinking by not making all the necessary contrasting and comparing are prone or become very vulnerable of absorbing wrong information passively which can be very misleading, short sighted and dumb.looking for such an easy landing can do more harm than good. However, one must be able to filter the information gotten from AI  to efficiently maximize the quality of information you have else you will be considered to be a time bomb waiting to explode by carrying about wrong information.

whichever choice one chooses to use in getting the right information is totally up to him but what's important is that you get the right information and apply it in such a way that it doesn't mislead another person or course the person to make wrong investment by virtue of the information he's gotten from you.

At the end of the day what's  important is that we know the fundamental information that it's best to buy Bitcoin if we have the resource to do so and those that probably felt that the price of Bitcoin was so high and that they should have bought it if it had gone a bit down, this is yet another correction that has presented itself to us and the best we can do is to buy as much Bitcoin as we have the ability to.

One problem is the sheer mass of people who are spreading misinformation. Not to mention that those valuable people who fight misinformation or misunderstanding might also be fighting ignorance. Some people spread nonsense without actually caring what they are spreading as it is just for the sake of spreading something. The bigger problem are those BSV guys who deliberately spread lies and nonsense. They put effort into getting things wrong about bitcoin. The little uneducated trolls probably don't even read the responses they get to their posts. Only a minority engages in an (un)fruitful discussion.


AI can be very good. ChatGPT can be very good. But it reminds me of the game Jeopardy where candidates are given the answers and they have to ask the proper questions. I like to use ChatGPT for some daily things, but I quickly noticed that the challenge is to get the question as good as possible in the first place, which means nothing but having a proper understanding of the topic before seeking insightful answers. AI and ChatGPT can be helpful and fun for really plain summaries or when you understand the topic you are researching very well. The problem is it can get you to follow the wrong path as you don't notice when it gets things wrong.

I think this is why people who use ChatGPT here to get their post requirements done, only ask very open, foolish questions that Wikipedia could answer just as well. It is indeed possible to interact with AI but only if the input from the user is high quality already or if it is plain mathematic formulas as AI usually doesn't make mistakes calculating things. But other than that I fully agree with you that the people who lack the ability or intent to to think critically are as lost with AI as they are with Wikipedia or any other superficial or even false sources.

The problem here is understanding of what shitcoins and Bitcoin is. I don't really blame members on this forum that still don't understand and can't differentiate between both, the wrong information has been assimilated and is really hard for them to detached themselves that's why they argue blindly. And this kind of debates leads to good result to enlighten such members.

Sorting for AI will do no good for such topic as there will be no proper foundational knowledge or breakdown, AI is programmed and runs on information passed on by the programmer we shouldn't give our 100 on it and leave the process of personal research. The only recommendation necessary is Studying Everything about Bitcoin and Cryptocurrency related Materials This will give indepth knowledge, clarify and purged them of the bad information.

There is nothing wrong with getting mad at forum members who say dumb things, and part of our way of learning may well come through interaction and pointing out how dumb some members are in terms of their presentation of ideas, especially when they either convolute bitcoin with shitcoins or they act like they know what bitcoin is, and they are ultimately spreading misinformation that convolutes bitcoin with shitcoins..

Your suggestion to learn through AI comes off as very short-sighted, since people still should be engaging in their own critical thinking rather than having information fed to them, which information may well not be as accurate as you might believe it to be, unless you understand its sources, so I doubt that we should expect people to be saved from their own dumbness through AI tools rather than needs to think for themselves and preferences to engage in critical thinking in order to be able to sort between good information and bad information, which truly there are a lot of ways that people can become confused in their lack of understanding of bitcoin through the convolution of shitcoins within the mix and the framing.

Instead of getting mad about his opinion its better to correct him with right information since there's nothing gonna happen if he's also been triggered with the post replied in this thread. Maybe redirect him to some information that can change his mindset towards the difference between those shitcoins so he can totally avoid them. Its understandable on why those people compare bitcoin to other shitcoins since maybe they are looking only at the way how people trade it. But some people don't realize that there are more deeper use case for bitcoin and there's nothing to lose especially if they made a right decision to hold it for long time.

They would only say its the same if the frequently trading it and lose on its volatility but if they know how good it is for long term maybe their opinion will change and will agree that bitcoin is different also more better on what he taught.

We have now AI can help their research more faster so I suggest if they want to learn a lot of information about bitcoin then they should seek the help of AI since their researching will became more convenient and they could learn a lot maybe on short period of time if they can digest all the information they read.

Stop saying what you don't know or better still keep quiet if you don't know what to say. How can you say bitcoin was once a shit coin. Do you think that the amount a coin got listed with is what makes it a shit coin? Get your information correct, there was never a time bitcoin was ever a shit coin. So don't ever compare bitcoin early days to those of other altcoins or shit coins as they are popularly known. Right from the very day one of bitcoin, it never disappointed people. There is no basis for such comparison, no matter how many years those your shit coins are in existence it will always be shit coins, because we can only have one bitcoin. So thinking that the number of years those shitty coins have stayed in the market will one day change from being shit coins to something similar to bitcoin is a wrong thinking and it will never happen. So if you are investing in anything less than bitcoin and hoping that one day it will be like bitcoin, you are totally wrong and you should stop it immediately.

Obulis, it's obvious you don't have a clear understanding of what Bitcoin is. Firstly let me start by saying without Bitcoin there wouldn't be any project like altcoins or cryptocurrency. We only had failed projects research and discovery that lead to nothing until Satoshi came in and made this innovative invention. Bitcoin being the only and first of its kind, paved way for other developers to try to make a copy, yet they still couldn't make an exact copy because Bitcoin is far more greater than the project they imagined.
And when you look into the definition of shitcoins you understand that it's origin came from altcoins. So the questions is why didn't it originate from Bitcoin being the first coin? The answer is simply, Bitcoin never devalued until it becomes worthless else we wouldn't be using it today. But because it was never a shitcoin, that lead to the reputation it has today's and also the development of altcoins/shitcoins. Assuming Bitcoin was like every other altcoin it wouldn't have gained enough market cap and cryptocurrency would have ended up being a dead project. But thanks to Satoshi for being a genius.

Irrespective of the fact that most Investors consider Bitcoin a slow profit coin, no altcoin currently have the potential of even getting close to half of the achievement that Bitcoin have. So before they could even get close to the current half of Bitcoin, Bitcoin has gone further away into a  more admirable project by the world entirely. The sooner people start seeing Bitcoin for what it is the better for them to start fighting inflation.


One of the reason I like the DCA strategy is that, it help you become more discipline if you cling to it, consistency is a vital attribute we must add to our life positively to become useful to our selves first and then the society. DCA keeps you in a comfortable state while you you are actually making progress in you holding, but when you combine it with other strategy, your holding would become more effective.

For beginners who want to use the DCA method, it certainly makes it very easy for them to collect Bitcoin and we only need to buy it according to the schedule we have set with some of the proceeds from the income we have, the rest of the needs we need and buy by waiting for a decline, of course we also do this. You must be able to analyze prices well, but it is very difficult to predict that Bitcoin has experienced a decline and this is a good time for us to buy it.
Dividing the funds we have to take advantage of opportunities when prices fall will of course be very beneficial for those of us who will carry out long-term investments so that we will be able to gain profits from the investments we carry out.

From my perspective, the reasons NOT to invest into shitcoins does not have to do whether or not they will rally and whether bitcoin might not end up going to zero, because we should realize that either of those things could end up happening.


You sound really lost.  You seem to not know the difference between the head and the tail of the dog.  Sure the tail is part of the dog, but the tail does not wag the dog, it is the other way around.  An overwhelming majority of shitcoins are largely either copying bitcoin or trying to tweak bitcoin in one way or another, and many of them are not truthful about what they are doing, which also includes that even if they were merely trying to build upon bitcoin, then why do they need a separate token? 

The reason is because they are scams that are trying to print money for their founders.

Almost all of the time, they do not and they are largely misleading the public in what they are doing.  Maybe one good thing about shitcoins can be testing grounds for bitcoin, even though scammers end up being involved and innocent people sometimes end up getting hurt through the existence of those testing grounds... and yeah, it is not like we can wish them away. Shitcoins are going to exist, but we don't need to promote them or even talk about them in this thread, unless it is either just incidentally mentioning some aspect of some various shitcoins or maybe to denigrate something going on with shitcoins, even though sometimes the mere mentioning of shitcoins through denigrating them may well not be necessary.

So surely if some shitcoin were to really take over bitcoin and be an improvement upon bitcoin, then it better be in the ballpark of 10x better or even greater than that in order to convince folks to move over to it.. If your various shitcoins are not in the ballpark of 10x better or more than bitcoin, then they have not met a high enough threshold to gardner the monetary value within the principles of Gresham's law in which value is going to flow into the highest and best of  assets, which goes without saying is bitcoin.

One of the reasons that bitcoin is going to take over from both gold and fiat currencies, is that bitcoin is greater than 10x better than either of those systems.. We might not know exactly how much better, and it might not matter, but likely bitcoin is in the ballpark of 1,000x greater than gold, so yeah it could take 50-200 years for the investment thesis to play out, yet right now you can get bitcoin at a bargain price since it is ONLY around 1/10th the price of gold (talking about market cap, don't get distracted by other ways of measuring such). 


Fuck ordinals and bitcoin defi.. but at least it is both related to this topic of bitcoin and it is part of bitcoin (not really creating new coins because pegged to bitcoin, even though creating a lot of shitty related products to claim extra value, but still part of our current bitcoin and a bit questionable - even though we cannot really stop them from being done while preserving bitcoin as the current uncensorable thing that it is).. so we likely cannot really deny those bitcoin-related ways in which people are trying to peg their crappy products to king daddy and so in some sense the ordinals and bitcoin defi is a part of friends and enemies using bitcoin..

By the way, the concept of defi is kind of stupid and meaningless in any other project, except for bitcoin, since bitcoin is the true defi coin (project), so anything claiming to be defi needs to be built-upon or somehow pegged to bitcoin in order to be defi (rather than defi in name only).

I mentioned temporary savings funds that I would use to set buy orders when Bitcoin prices were down. Say this is always the main point in investing, such as dividing your finances into several phases such as regular purchases with DCA, lump sum purchases and also funds just in case Bitcoin falls more significantly. Indeed, if we have a savings of $2k we can organize it into 4 parts at each drop to maximize our chances when the price drops again.

Complementing DCA practices is really needed and some of them don't think in that direction so they don't have money saved for a downturn when a crash occurs. Many miss the opportunity to buy when prices fall 5%, 7% or 15% because they don't manage their cash flow as well as possible.

It's true that our goal is long-term investment with a DCA strategy, but to get Bitcoin at a cheap price, of course you have to have money saved to use when the price drops further. All of this certainly requires strategy from initial planning, therefore all of this will be regularly done by those who are good at managing their money for investing in Bitcoin.

You are right JayJuanGee, folks that are new in Bitcoin accumulation should focus on using DCA strategy expecially those that don't have  much cashflow, so that they would able to face their financial situation when accumulating. But for someone with some nice cashflow can actually make use of the setting of orders method to buy the dip, because the fact sfill remains that we can't predict the market movement. In the process you're actually spreading your reserved funds in purchasing the dip, jus like what you said some one having $1k as reserve funds he may decide to use $100 to buy every 5% Dip , like in the form of DCA which is actually nice because we can't actually tell howfar the dip would be , than going in all at once with your reserved funds thinking that you have purchased the dip not knowing that they may be a further dips .

You are exactly correct Justbillywitt.  It is very helpful to establish your dip amount in advance, and you could have several buy orders set just for that, or you can determine after each time your dip order is filled if you want to set another one.. so that you just do them one at a time. Of course your specific situation will help to dictate what is most practical in terms of how much to set aside for various dip amounts... for example you could have $1k that you are holding for dips, and you could have $333 for three orders at dips of 10%, 20% and 30%  or you could set them for $100 every 5% dip, which would take you down to 50%. . or of course, you could set the whole $1k for a certain amount or you could manually set them each time it gets filled, you determine where you would put the next one with ever amount that you have left in your fund.

Of course, for brand new folks into BTC, there would be a preference to emphasize DCA rather than buying on dips, yet it seems many of us recognize that buying on dips could be a decent way to supplement that DCA practice, yet at the same time, keeping a lot of buying on dip funds might not be a good way to manage funds, especially for guys who might not have a lot of funds to work with in the first place.

We never knew that all the one is dumping are newbies or whale saw an opportunity and dumped before anyone else utilizes the situation.

These incidents should not affect the long term investors who are accumulating bitcoin via DCA strategy unless they are affected by the wars financially.

Keep HODLing, the green days are not far away.

As the price of Bitcoin is depreciating in value due to the geopolitical tension going on in the middle east,  most newbies investors don't actually knows that they should only be thinking long term, and because they are only thinking of the present, they are selling off their holdings in panic, but I believe that anyone that truly believe in Bitcoin and is thinking long term,  will definitely still be holding by now.

Another thing is that, even as am accumulating Bitcoin through the DCA method, during such dip as this, I only sees opportunities to buy aggressively according to the level that it would not affect me in financing my day to day activities, and I believe that almost all experience Bitcoin investors are actually seeing opportunities in the declining market, unlike the newbie investors.