Topic: Buy the DIP, and HODL! - page 278. (Read 123834 times)

Yes.  For those supporting the short term investment thing being profitable, we are all aware that Bitcoin is not a get rich quick thing. I think it's basic knowledge. Although you can make profits from the short term investment, it's nothing like benefiting extensively like long term as you are more subject to losses.

Yes, all what you said is correct. We do not need jump into investing without making good calculations of our cost of living, our savings/emergency funds and other minor expenses, if we don't then there is certainty of becoming affected after making the investment which may result to the urge of tampering one's portfolio. It has been drawn to the best of our knowledge to adhere to the rule of investing not aggressively but passively, this way we don't get to regret.

[/quote] I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.
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But still, short term investors will mostly be subjected victims to fluctuation in price, although profits are possible, it still is  not compared to long-term holders, like those who have been holding for the past 15 years. Short term investors profits cannot be compared to long term holders as the margin is conspicuously defined.
Over a short period of time, Bitcoin can fall really low as we saw in the last bull run, but then, over a long time frame it really appreciates.
The risks for short term investors is too great compared to the long term.

You are right.. Although now BTC price nearby ATH. We should be more wait to buy.It could be much better that from now to start DCA, when the time of realization, we can taken from each Invoice 2% or 3% profit can keep separately for DCA. It can be also monthly basis. This strategy can reduced the pressure on the dollar and effectively for long.

Yes we are thinking so. Before the investment the security of wallet the best priority.More knowledge on this transection is essential. We must transact through trusted traders or exchange house.

It is also true that buying other tokens or coins other than Bitcoin can lead to huge gains and fast losses. All these things depend on what kind of plan you are managing the investments with. If you have invested in your investments without a plan and buy bits or other currencies for a long time, then you will have a lot of potential to lose. But here weekly or monthly investments are very important to me because they are very profitable in the long term but only this applies to Bitcoin.

I am not sure if you are using the term "passive income" differently from how it would usually be used.  Generally speaking passive income is meant to be a kind of income that a guy would receive from investments, meaning that he does not have to do much if any work for the income, and sure passive income might be achieved based on past work that the guy did and then he invested money and was later able to live off of the income earned from the investments.

Sometimes there might be disagreement in regards to how little work someone might need to do in order for the income to qualify as passive income, so for example, his merely keeping track of his income (bookkeeping) probably would not be counted as having to work for the income, but maybe if he bought property, but he is managing the property, then the rents might be quasi-passive, depending on how much work he is having to do in order for the income to keep coming in.


If a person might have between $800 and $2k per month of income (maybe most commonly a income of $1,200) and $1,000 worth of monthly expenses, then his variance of income may well cause him to keep an extra float, so that he always has enough for his monthly expenses, even during months that his income is less than his expenses.  His investment would come from the discretionary/disposable income which seem to usually be $200 per month or $50 per week, and yeah he could max it out on buying bitcoin, or he could use some other strategies, but if he already has 6 month of emergency funds (maybe $6k), and maybe another 3-6 months of float and/or reserves, he might have room to be more flexible including perhaps sometimes dipping into his float and/or reserves to buy extra bitcoin and/or perhaps other times deciding to allow his float and/or reserves to build up to higher levels.

Investment is all about courage and the personal decision and it is only the risk takers that always be profitable for investment because they don't think if they lose or not only thing that comes to their mind every time is to utilize opportunity and also take a risk to meet up a target, so when you come to bitcoin investment you don't need to think otherwise before you investing Bitcoin only thing that I would like you to consider is the market going up or going down so if the market is in situation where you like to invest you can invest with that thinking otherwise because there is no time your invest in Bitcoin that is west of time so you have to invest when your mind ask you to invest when you are watching when you invest and make profit you may invest at that pointing time and experience a huge loss so it is better to invest when you think that we suit for you to make a profit

Is quite surprising that most people do not realize they are gambling thinking that they are investing because gambling is not just by playing sports betting but is also comprises of both investment because as an investor no matter how much they would love to invest on Bitcoin but like i mentioned on my previous post is never an option to borrow money and invest on Bitcoin when the person doesn't have any source of income that would help and sort out the Dept, however most people have gone into investment on Bitcoin through the money they had borrowed with the intention of paying back from the profit they will make, so you are right @JAY, however is unfortunate that some of the mindset of people concerning Bitcoin is totally wrong because most of them feels that investing on Bitcoin is a get rich quick investment perhaps is because of the way the price moves that's why most people feels that if they borrow money they could easily pay back through the profit they will realize without knowing that sometimes the price could go the opposite direction, so like you said borrowing money for investment with the intention of paying back through the investment is not a wise decision.

Of course, passive income will launch a DCA investment process in accumulating Bitcoin. Many people in the world may not have a permanent job but they want to invest and maybe it is a long process for them to have a certain amount of BTC. Yes, we encourage anyone who is confident in investing in Bitcoin to do it using DCA because they need to arrange their entry in such a way to find the lowest price. So back to the issue of income, investment can run smoothly if someone earns passive income every month so he is not burdened by the circumstances of the investment he makes.

Apart from that, Bitcoin has become an investment that is attracting quite a lot of attention at the moment. I noticed a lot of newbies keep coming in to buy bitcoins and hold them. Yes it's an extraordinary process of their desire to achieve success in bitcoin investment. However, from that perspective, we certainly don't know their principles in balancing their financial cash, but of course they have arranged it as best as possible so that the Bitcoin accumulation target can run smoothly according to their planning.

Hodling Bitcoin for long is a major criteria for any investor who wish to enjoy the full dividends that come along with their investments but only few can exercise that lengthy period of time for their investment to grow to a certain level that they would feel it's conducive enough to sell and make some profits though an investor doesn't need to sell off all his coins simply because he wants to make some profits as the price may go higher after he must have sold so leaving some amount of Bitcoin in their wallets is important for further profits.

The price of Bitcoin have been experiencing an incessant growth for a very long time now, and the higher the demand to acquire more Bitcoins, the higher the supply as well therefore bringing a balance in the market because as some are selling, others are buying and no matter how the price fluctuates, it will still increase as time goes on and with the growth Bitcoin has gotten, it's adoption is also increasing as more people are developing interest in knowing more about Bitcoin, acquiring it and also applying various strategies to keep their investments going.

Definitely holding for long has more benefits and less risk. Just imagine the kind of joy that's in the face of those who has been holding bitcoin since 2009 till date. This is the kind of things you will get when you hold bitcoin for long. And the more the years is going the more adoption bitcoin is getting, this simply means that the price of bitcoin can still surge further in the future. So the longer we keep holding the more benefits we will keep seeing.

By definition, you need to have either income or some side amount of savings (or other investment) that is greater than your expenses in order to be able to invest.  If you do not have excess, then you are gambling rather than investing.

Of course, you could also invest if you don't have extra income but you are expecting your income to increase, but that would be a bit risky also, or you can invest based on future income that would be considered a loan, which is also risky and problematic if you don't already have funds to be able to service the loan and strong chances that your future income is not going to dry up. 

If you are using the anticipation of paying the loan from the appreciation of the asset that you are buying, then you are gambling.. which may well be ok. if you have back up funds to service the loan, otherwise if you don't then you are likely taking excessive risk, which is also gambling.   Sure people can do whatever they want, and sometimes gambling techniques work, but each of us should be careful if we are employing techniques that might be difficult to recover from if the price were to move against us or other unexpected things happen to cause us to lose our principle.

One Beauty about investing in bitcoin, Is that bitcoin as made it easy for any one to invest on it , irrespective to their financial capability . By buying different quantity of bitcoin with the use of any buying method that is convenience to you . Living comfortably ain't bad and all that but you have to take your investment as a priority, even when it lead to you minimising how you spend ( in the sense of enjoying live ) and you are aware that investing in bitcoin we all have a goal we want to meet in our accumulation and we can't just sit and relax , and enjoying life expecting the goal to come on its own. We have to exercise good plans like having some good sources, having an emergency funds and minding the way we spend so that our emergency funds may sustain us when we keep accumulating. The reason we have to make sacrifices for our investment is because In a long run , your investment may give you the live far better than the one you are craving for now.

At some point everyone is channeling their opinion with same idea, this issue has been discussed several times and bitcoin investment will always stand as an investment and not a get quick rich scheme, in my opinion the best is always invest with the money you have for accumulating weekly or monthly, what's the point stressing things with the issue of not having a huge sum to buy bitcoin. People usually go an extra mile selling their property to invest when it's not a right decision. The word poor is not appropriate but bitcoin investment is for everyone both an average joe. There's always a plan and target when investing irrespective of our job or account balance but with the right strategy, even with such target there's no point rushing things when buying bitcoin but if an investor is capable of buying bitcoin using the lump sum strategy that's their choice, at the end of the day everyone will have their decision to make when it comes to investment strategy.

you don't need to have income that exceeds your needs before investing into bitcoin. If you are waiting till you have excess income that's above your needs before investing, you might end up being unable to invest at all because needs will keep coming whether you like it or not.

 Making investment into Bitcoin should be part of your need so that way, while planning on how to make use of your monthly  earnings, you can easily incorporate it into your plan which will make you to have a steady Bitcoin accumulation routine.

One of the easy way to go about this is to possibly set out your needs into orders like the one below and set out a percentage of income that is to be assigned for each of them based on their respective cost. The list could take something close to this;
1. Food
2. House bills: which will include all the family expenses like transportation, all the utility bills, data, etc
3. Emergency fund
4. Funds for investment: which would be the amount you've set out for the monthly or routinely purchasing of Bitcoin.
5.etc.

Setting up stuff like this will not only help you accumulate your BTC easily, it will also help you effective plan out how best to manage your limited earning and live in proportion to your  worth.

@ justbillywitt at some point I disagree with you, you don't have to make Bitcoin investment sound more like is only for the rich, any one can  actually invest according to his financial capability, however I don't see anything wrong in deriving oneself from certain enjoyments of this life just to keep up with his investment plan, human wants are insatiable if any one would want to be satisfy and have the good things and the comfort he deserves majority that has stash today in their portfolio wouldn't have gotten it, you can lack in some aspect of your life now and invest for a better future for yourself or your generation, it is better to start wimpy and work your way out while already in the market than being on  zero status, been in the market can make you look out for other things that will help you keep up with your investment. Is possible you can suffer today by reducing your expenses, comfort and enjoyments but not at the detriment of lossing your life and enjoy tomorrow.

When making an investment, what we should first consider is our income level, what percentage of money do we earn on a basis and how much are we willing to begin the investment with, what strategy is best suitable for us in making this  investment and how we are going to overcome the aftermath on this investment in balancing through the economy challenge and the needs that may arises, how all these are not going to affect the investment and how wea re going to be sustainable in making same investment without any thing left undone or being affected, proper and adequate planning is very important to be in place before the start of an investment and choosing the right asset is also an important thing never to left behind.

Having income that exceeds your needs or having additional income because it is not enough is a choice that must be made in any form of investment, including Bitcoin.
Because in this way the investment made will run well and will also be able to meet important needs safely without having to experience difficulties due to forcing oneself in unsupportive circumstances.
Because to invest we have to think about important needs, emergency funds and other important needs before doing this which must be thought about and planned to make decisions. And we as ordinary people or not rich, must be able to do this with the aim of a much better future, especially in financial matters. That way, we can invest by accumulating Bitcoin when we have income or results from side income to be able to buy Bitcoin regularly every week or month according to our ability to continue accumulating consistently. In addition, having a side income has the ability to set aside a certain amount of money for essential needs or an emergency fund without having to involve our investments. If all this can be done well overall and invest in Bitcoin in the long term, you will be happy if the results match your expectations, because that is the reality and do it with patience and passion and the results will be good.

On wider view there's nothing wrong checking the price of bitcoin on daily basis especially if you are accumulating since for that you are updated on current list and can do good decisions for certain times. But if you are new and doesn't know what to do then you are so raw on taking decision to hodl maybe checking the price can affect your decisions and might get scared on situation like correction then lose their mind in that cases. Its important for investors to be more knowledgeable on those cases and they can learn that by participating on any discussion which tackle this kind of situation and for sure they can learn a lot especially right here there are knowledgeable people sharing their ideas and suggestion that can help people to learn something that truly useful to them.

checking bitcoin price daily isn't something that's a big deal or that could be seen as a bad thing. Most crypto blogs like cointelegraph, coin desk and even trust wallet displays the updated Bitcoin price on their sites and apps and mere checking through your portfolio would still give you access to the daily updated price. It's  just not to allow it get into your long term holding plan that's the main thing here.

If you you've decided to do continuous accumulation for lets say ten years and you are just focused on looking at the price just to be sure you're gaining, that's were the distraction comes in cause you can't continue following up on whatever rise or fall Bitcoin is experiencing and hope to do that for five years before a thought to sell off yoir holding comes into your mind.

As long as you are actively participating in this forum discussion, it would be one of the major motivating factor that would enable you hold up longer.