Topic: Buy the DIP, and HODL! - page 281. (Read 123809 times)

If Bitcoin is not legal in your country, please be careful before you put your boss in problem. Like you said, he has a reputable organization and your government will not ignore if they find him involved in something against the law. Even though your intentions are genuine, you should also consider safety of your boss and his business.

I will advice you to limit your involvement in this because nothing separate friends more than money. If he goes ahead to invest in Bitcoin through his friend and at the end of the day the friend plays a fast one on him probably when Bitcoin would have risen so high, the entire blame will be shifted to you. Investment in Bitcoin should be something an individual should do by himself out of personal conviction and not through proxy. Now as Bitcoin is banned in his country, he will not have any legal basis to challenge his friend should their be any dispute as a result of the investment.

It is the expectations of Bitcoin investors that price of Bitcoin will rise further after the halving but there is no guarantee on this because no one can know for sure what will happen in the future. The best we can do is predict and hope it happens as the power to force it to happen is not in our hands.

Finally, long time investment does not really worry too much if price will rise or not, the main concern is usually to adopt a method of buying so that the investor will be patient with the market, not being in a hurry to sell. If in the future the ban on Bitcoin is lifted in your country, you can advise him to use the DCA method so that his mind and emotions will not be too attached to it. As he is worth over a million dollar, he can afford to put in a thousand dollar or more on Bitcoin per week without feeling it.

well, I don't know the level of restrictions that the effect of the ban has on creating a wallet and just buying but I believe if he is interested to buy he can figure things out. Most countries that kicks against Bitcoin and that have in some cases sent out statement regarding the unacceptability of Bitcoin in their countries tilth more to kicking against Bitcoin mining and disallow their commercial banks from accepting any form of Bitcoin transactions in the banks. It's what's happening iny country, their are obvious restrictions mainly on the use of banks for storing crypto assets but as long as you can do it outside of the government regulated financial institutions, you won't be bothered by any agency at all.

Maybe if you have been more detail about the country you're talking about it would have helped us narrow down our advice to you but since you are already involved in crypto in technically means that the restrictions isn't all that serious and if you're knowledgeable enough to guide your boss on how to go about creating a simple wallet amd start buying, that would be a good place to start with.


since your boss already have a sustainable source of income, there is nothing too much to be worried if the price of Bitcoin will increase or not during the halving since it's advisable he buys it now and allow it stay for at least five to ten years so he can get a reasonable profit out of his investment. From the current trend and movement of the Bitcoin price, it will definitely increase above it current value and so even if he is interested in some sort of short term based investment it would probably not be to his disadvantage but that's  definitely not the best for him. being concerned on what will happen to the price of Bitcoin immediately after investing isn't the right thing to do and wouldn't put you in the right state of mind to HODl till the right profit comes out of your investment.

Id you're able to sort things out on the possiblity of investing in your country, try to talk things through with him not to look at making his investment as a short term adventure so he doesn't come hard on you whenever thier is a slight fluctuation in the price of his holding. Remember it's a responsibility you have to follow up with cause you don't want to deal with an impatient boss that feels you're the reason why his investment hasn't yielded his intended profit when in the real sense he hasn't waited enough.
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Yes that's right.. since for the past many years, I had heard and knew about Bitcoin but was not aware of Bitcoin Forums. I'm trying to take proper knowledge the transaction of Bitcoin, trading, and it's wallet. Hopefully I will get help from the forum. I know, where to invest before it is necessary to know about it.
My Boss is so smart about his business and investment, my job is to show the path of profit and loss, my boss is the owner of making decisions.

Maybe, problem of coding..... system.

I believe it's too early to think about Bitcoin's market "sustainability". How many Bitcoin users are there today? How many more users in the world are financially underserved? There simply is too MANY.


But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯

well, I don't know the level of restrictions that the effect of the ban has on creating a wallet and just buying but I believe if he is interested to buy he can figure things out. Most countries that kicks against Bitcoin and that have in some cases sent out statement regarding the unacceptability of Bitcoin in their countries tilth more to kicking against Bitcoin mining and disallow their commercial banks from accepting any form of Bitcoin transactions in the banks. It's what's happening iny country, their are obvious restrictions mainly on the use of banks for storing crypto assets but as long as you can do it outside of the government regulated financial institutions, you won't be bothered by any agency at all.

Maybe if you have been more detail about the country you're talking about it would have helped us narrow down our advice to you but since you are already involved in crypto in technically means that the restrictions isn't all that serious and if you're knowledgeable enough to guide your boss on how to go about creating a simple wallet amd start buying, that would be a good place to start with.


since your boss already have a sustainable source of income, there is nothing too much to be worried if the price of Bitcoin will increase or not during the halving since it's advisable he buys it now and allow it stay for at least five to ten years so he can get a reasonable profit out of his investment. From the current trend and movement of the Bitcoin price, it will definitely increase above it current value and so even if he is interested in some sort of short term based investment it would probably not be to his disadvantage but that's  definitely not the best for him. being concerned on what will happen to the price of Bitcoin immediately after investing isn't the right thing to do and wouldn't put you in the right state of mind to HODl till the right profit comes out of your investment.

Id you're able to sort things out on the possiblity of investing in your country, try to talk things through with him not to look at making his investment as a short term adventure so he doesn't come hard on you whenever thier is a slight fluctuation in the price of his holding. Remember it's a responsibility you have to follow up with cause you don't want to deal with an impatient boss that feels you're the reason why his investment hasn't yielded his intended profit when in the real sense he hasn't waited enough.

I'm doing a job to a reputed organization as a PS of owner. Last December, I told my boss to invest the Bitcoin but he didn't agree. However, he has million dollar into the share market. I'm maintaining his all accounts, and try to convince him by showing the bitcoin graph..recently he has shown interest in buying Bitcoin but it's not yet legal in our country.
My boss already talk to his friend who staying in USA.. sometime he goes their. I hope he might be invest in Bitcoin within future.

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

Bitcoin prices fall to rise, and Bitcoin prices rise to fall. So I think it's normal for Bitcoin price to go lower and higher, Bitcoin price uptrend in the current time will definitely be lower speed. After the halving takes place, the price of bitcoins will go down, but we will accumulate bitcoins regularly. And leave it for a long time...

Of course, it is up to you how to treat these matters, and each of us has to take responsibility for his own decisions including being ready, willing and able to accept that the price might go up without coming back down.. sure there are always going to be corrections and sure if the various ETF providers are pushing the BTC price up, they are likely stimulating more HODLers to agree to release some coins, but it may well not be enough.. so we could end up gravitating up to the $120k to $180k range and then just staying there in the later part of 2024.. . and that is just one scenario.. that may or may not happen, so whatever you do should attempt to be o.k. with a variety of possible scenarios..


..so yeah.. how to apportion yourself for that possibility?  Not easy, but still choices have to be made based on individual particulars without causing yourself to overdo it at the same time. 


Fuck shitcoins.  Who cares?


If you are new to bitcoin or you are a low coiner, you probably don't have a choice except to buy now, otherwise you are not prepared for up (that may or may not happen).


Historically when it passes through the previous ATH it tends to keep going up... but hey, you can read it however you like.  I doubt that there is any reason to worry about topping until some where in the $120k to $180k range, and most likely the upper end of the range - even though corrections can surely happen at any time, even when there is ongoing, persistent and consistent UPPity price pressures, like we are currently experiencing with the spot BTC ETFs and other related ongoing buying pressures.


You sound like you are worried about the top.

If we go by your forum registration date, you have been in bitcoin at least 6 months longer than me, so you should have already gotten used to these kinds of matters, and I have my doubts about needing to worry about tops, yet or profits..

But if you have been in for a while you can take profits whenever you like, so you should already be beyond your accumulation stage.. at least in theory.. this thread is about accumulation. rather than worrying about whether or not to take profits.


If you are new to bitcoin, it would not be smart to wait.  It ONLY makes sense to wait, especially in times like these, if you have already accumulated a decent amount of BTC.


It is hard to give anyone advice, and they have to be responsible for their own actions (or inactions).

So the best thing is to get the fuck started and the ONLY way to prepare for UP is to have some bitcoin, and if he is worried that the price is going to go down, then he needs to be prepared for either, and you cannot really tell him how much to invest or if he will be profitable, but if he is coming to bitcoin, he should plan 4-10 years or longer if he wants to invest, but if he wants to gamble, then that is on him.  You can tell him "if you want to gamble that is on you.  I don't gamble with my bitcoin."

If he is gambling then he has to figure that shit out for himself, and you should not take any responsibility, except maybe tell him to consider long term strategies rather than short-term strategies and adjusting his position size in order to account for long term, and if he wants to do other things, that is his choice.  You are not taking responsibility for his actions whether he follows your suggestion or not, he's gotta figure some of what he is going to do out for himself, and make his own balances, prioriities and risk choices. .including accounting for his 9 factors.

It's clear that Bitcoin's bull run has just begun. In my personal opinion, to trigger the fomo of market and pull new players into the market, the Bitcoin price will have to at least double the peak of the previous cycle of about 120k USD or more. In addition, the recent strong buying of ETF funds has made the amount of Bitcoin in circulation increasingly scarce, combined with the fact that the amount of Bitcoin mined will decrease by half after the upcoming halving event, this contributes to increasing the demand for Bitcoin extremely. I think it will be very difficult to predict the price of Bitcoin at the peak of this cycle when there is the participation of large organizations with abundant funds. Be calm before the market waves, don't let your Bitcoin fall into the hands of large organizations lurking out there.

I got a question from my friend because he knows the price of bitcoin has become very expensive recently. He was a person who was new to bitcoin and he asked me because he thought I was quite familiar with bitcoin. He wants to buy bitcoin because of the very high profit potential of bitcoin. I actually told him to buy some bitcoin and hold it while it was still $35k but he refused because he thought it was too expensive for a digital asset and he didn't think it made sense. When he found out it was going to be $60k about 4 months after I told him, then he became interested

But the problem is, is now the right time to buy bitcoin? considering the price is very high and prone to correction. I can only advise him to buy with the DCA model or wait for the price to correct. When he asked, what is the right price to buy bitcoin? I can only shake my head and say "no one knows"

Do you have any good advice for my friend? Honestly, I was confused with my answer because Bitcoin was very expensive and I was afraid of giving him the wrong advice

What is your investment style are you holding long term? 
If you are holding for long term then surely you can sell your holding due to the lure of benefit. Because you mentioned the benefits as prices rise, here's how to retain your long-term investment. And regularly discuss DCA method how to earn bitcoins, so you should stop such discussions because holders will learn something wrong from your discussion. Because in the current time when the price of Bitcoin has risen, everyone's investment has earned dividends and the portfolio has grown. So you discuss the DCA method to keep their decision right, and hold Bitcoin for a long time.

the market situation will turn green again and this is only a correction that I predict will only be temporary, but you don't have to fully believe it because no one can predict 100%. Worry does not have to be in the minds of the holders, especially since they bought at $30k, which of course this decline does not affect their mentality at all. I agree with you that the decline that occurred today should be used to buy at once with your savings.

If you look at the price of Bitcoin, of course Bitcoin has recorded its highest price today. Today Bitcoin trading volume increased quite significantly where a big pump was carried out and Bitcoin managed to record a new ATH.

I know this might not be  the best time to buy, but using DCA this period may be the best option to accumulate (being less aggressive), yeah bitcoin would surely undergo some certain correction and DCA may also help us in buying doing that correction. What the purpose DCA is to accumulate bitcoin at any price range either doing high or low of bitcoin price . Because predicting market movement kinda impossible so DCA would help us to be stready. You mentioned that they should the till the bullish season is over then they would continue with their accummulation, so in a scenario the bullish season with bitcoin price being in the price range of $100k+ at then. So would it be better to leave the price range of $60k and start accumulating at $100k+. But if one was using DCA to keep accumulating and bitcoin undergo a dip and one still accumulating using DCAing . Whenever bitcoin price experience a great surge. That individual would be in a massive profits and it would also help  in not missing out expecially those who that are holding for long-term. I have miss alot of opportunity in this space (bitcoin) because of not understanding or knowing how it works, so this time around am not taking any chances to miss any opportunity again.

Yes, bitcoin is already high and other coins follows. This is not actually the best time to buy but not that if you buy you won’t make profit, you will make profit that is for sure because it is the bull run season, Each time the market goes this way. We really don’t know where it will hit because it has already gone high. It’s all depending on the amount you want to invest in that will determine the kind of profits. You are looking up to the Profit should be more better when bitcoin and altcoin is Dip before the bullish market. Right now the bullish market is on and coins are pumping higher so if you want to go into buying, that should be better but it shouldn’t be now it’s good to wait until the bullish market is over and you can now buy hold.

I thought of same thing also , no one actually can tell the future of market movement, but through analysis they could speculate about what would occur and most time it may happen or it may not. Bitcoin halving is pretty close now which around next month. I think this time around we should reduce our rate of DCAing (to be less aggressive), that would also help to save alot of funds for th Dip bitcoin may undergo during the halving while DCAing . And due to bitcoin movement lately, after this upcoming halving bitcoin gonna surge massively undergoing another breakthrough in hitting $100k+.

It is difficult knowing if price is continuing the rise from this point or going lower. At this point, the market can go either way and entering now will only favor long term holders. Instead of this confusion, the DCA method can be applied. In that case, if the price continue to drop, one can continue with the DCA to get more bitcoin at lower prices. On the other hand, if price reverses and continue the uptrend, then the investor have the chance to see his entire portfolio in profits almost immediately. Whatever be the case, in order to avoid the confusion of knowing where the dip will end and possibly missing out on the move, the DCA method is a nice solution to such confusions.

When the market changes suddenly like today, of course this is where emergency fund reserves are needed to buy bitcoin at cheap prices. Don't worry about your decision, just place an order at several price points where you think the price will drop to the price you want. Every dip is an opportunity to buy and do so with the DCA strategy to find the low in recent dips.

I think the decline that occurred today is because many investors are taking profits on their investments and we are on a bitcoin accumulation journey so it is time for us to buy a little more aggressively from the funds we have. Apart from that, don't believe the news currently circulating on the internet because when the market crashed there was a lot of fud circulating because they continued to do fud to be able to buy at a cheaper price. Keep trusting your decisions from within your own heart.

Now the price of Bitcoin is increasing day by day it is the opportunity of people who invested for long time ago to make a very good profit for their investment that is why we encourage everyone that want to accumulate it Bitcoin to do so during the time of a bearish season because you cannot expect that as bitcoin is going on is the best opportunity for you to invest in Bitcoin that is not the best time to invest in Bitcoin because the price of Bitcoin before at any point in time as it is increasing so the best opportunity to make a profit or to accumulate your Bitcoin is when the price is on the bearish season so that is why we have to follow the procedures of Bitcoin if you want to accumulate our bitcoin and also make a profit on the process that is the best time to invest not as Bitcoin prices going up

It's not really advisable for him to publicly tell us how much he has invested in bitcoin, I don't think it's really wise, ranging from different kinds of reasons, but the most important is security reason. I will even advise you not to go about telling people how much you have invested in bitcoin, as you can't possibly tell who might be jealous of you and will be planning to attack you. It's not wrong for someone to advise people to invest in bitcoin, provided he is not forcing them to invest. Moreover someone can pick the  advice and make good use of it by investing in bitcoin and  benefit from it.

You are actually right bro, though their is a correction going on in the price chart of Bitcoin right now,  so i think it's unwise for most investor to wait further for the price to deep more, before they buy, Because that opportunity they are waiting for may not come, and they will miss the opportunity, so as a Bitcoin investor, they should be looking at it long term, so it's even ok if they buy at this current all time high because Bitcoin have the potential of going up to 150k in the nearest future, so buying at 69k is a bargain too me if you are a long term thinker

I agree. People will have to compare now this cycle that we're just starting out and we're not yet in the halving. They think that the peak is in because it has hit the former ATH. It's not yet the peak and look it was followed by a quick correction. This moment has given everyone the discount again and another time to buy so, if many have missed the time of buying when it hits before the ATH, this is the time that you're all waiting for. Because you'll never know and you may not see it anymore when the price starts to hit back at the top and this is going to be a long road again until next year. You buy the dip, HODL and be patient. Actually, there's no point of selling because it's still 1 btc = 1 btc when you don't need that money because Bitcoin is our money.