Topic: Buy the DIP, and HODL! - page 283. (Read 136646 times)

The problem with other is they got discourage immediately for seeing that they don't have big funds to conduct a long term hodl. They didn't think or explore some possibilities that they can increase their holdings by doing DCA or lump sum methods since even if they put small amount and if their target year before they release their investment to 4 - 10 years then provably their volume will be so big at that timeline. They just don't have enough confidence about it but if they gain enough experience for sure people will realize that everything they do especially for thinking about acquiring on any methods they are comfortable is rewarding in future. That's why for confused people about this maybe they should try to read up the suggestion of  a lot since there are so many helpful pointers out there.

Also on wallet we select to use always prefer to have those wallets that we can  safekeep our private keys and never use an exchange as alternative since we all know the risk is so high then the saying about not your keys not your coin is applicable on this.

Security of our funds is necessary so that we can assure that we have something to collect once our target years has been hit.

Using all the strategies to accumulate is pretty helpful, like now market is redish ( decrease in price) , buying the dip would be nice by spreading it because we can't actually tell howfar the dip gonna be , I'm kinda happy that there's some dip though because it would give me more chances to accumulate more bitcoin, purchasing as the price decreases. So this time around, that's just few days to the halving we should increase our rate of accumulating by being more aggressive in any way we can.

Talking about wallet safety, to me no wallet is 100% secure so one also have to handle his wallet with caution, despite how good or secure that wallet may be.  

this is where psychological maturity and intelligence comes in when investing in the long run because once you're in profit, there is always a point when you get tempted to sell off your holding even when you've not actually stacked up a good quantity of Bitcoin. It's easy to get  carried away when you are in profit and then it becomes tempting iether to sell off your profit or slow down on accumulation when you've been able to DCA up to a single circle. In the midst of the thought that might appear as the best option, you've got to be truthful to yourself and check to know if you've been able to buy a good amount of Bitcoin within such space of time.

Except you aggressively stacked up Bitcoin in a massive way that's bent on building a huge portfolio for an interval of four years or so, an average investor that's hoping to make something big out of his investment shouldn't narrow his investment plan to a single circle afterwards he will ever think of selling his holding. This is one of the reasons why accumulating with the use of the DCA methord is always preferable since you can still continue leaving your normal life while DCAing and you can decide to do it for more than ten years without having to take a single profit out of your investment it you put all the necessary things into consideration and ensure that variables like your emergency is intact and that you're DCAing with an amount that's convenient for you such that in doesn't interfere with your personal life and basic needs.

I guess the earlier comment from user Hallroom was a bit cranky, given the users choice of word and how it was used in a sentence but,

I don’t see much difference when you say deposit and accumulation in this context. They both refer to the same thing.
Depositing/Receiving/Accumulating all counts towards having Bitcoin been sent to a wallet. While DCA might talk about the method or strategy by which this Bitcoin buying is been acquired as a best means for the investor, they really are just having to get these Bitcoins to some wallet in the end.

Hence, it’s ever important that you use methods that gives you some freehand to invest and you ensure your using a safe none custodian wallet for this purpose and properly secure your seed phrase or private key.

Regarding wallets, it is certain that everyone will choose a good wallet to store valuable assets such as Bitcoin even if that person buys it in installments every week or month. So there really is no need to talk about this anymore, even though it is an important option for beginners or people who don't have the best wallet to store Bitcoin. However, in this forum there is a special sub about discussing wallets which can be educational for everyone who wants to choose the best wallets for their needs in storing Bitcoin. You can find this here: https://bitcointalk.org/index.php?board=37.0

I can see you have no bitcoin knowledge for you to think that many people think the bitcoin price will increase after halving. You are supposed to know from bitcoin history that, after halving, bitcoin used to set an all-time high. Did you invest in bitcoin because your friends were investing in it? I want you to do some research on bitcoin so that you will understand it and not make this same mistake next time with your bitcoin. Don't invest all your money in Bitcoin so that you have enough money to settle your unforeseen problems, and it will make you not sell your bitcoin to solve them.

I think this should be a primary thing in which anyone intending to hold BTC with whichever strategies must first put in place mostly when it involves valuable currency like BTC and holding for a long time no matter how small the investment should be a safe Wallet with private and strong security is meant to have been put in place. I think the custodial wallet has been announced severally on the forum even other wallet having similar feather and capable of holding BTC and give holder privacy as regards to security is there for holding.

I think knowledge in general is necessary and security as well this wallet is necessary because while adopting DCA as way if long time using wallet that give this security and confidence is very necessary I supported your point of view.

The DCA strategy is used to accumulate bitcoin, not to deposit bitcoin in the non-custodial bitcoin wallet. After getting a good non-custodial bitcoin wallet, you need to protect your wallet's private key or seed phrase from people and back it up in two different locations that only you know. If someone gets hold of your wallet private key or seed phrase, he or she can initiate a transaction and move your bitcoin to a another non-custodial bitcoin wallet.

It's actually true that Bitcoin investment is not as risky as most people think, but it's actually risky, just as any other investment, so if anyone start telling you that their is no risk attached to it, bro, he is lying to entice you, but not only in Bitcoin, their is always a risk attached to all investment, that's why you will keeps on hearing the word, do your own research, so as to know more and what it entails and how to navigate your way around it.

Lastly, as for the alt and the shit coin, they are the real danger, and most people are not aware to the fact that they will definitely get burn by investing in them at some point,  the major problem they mostly have is greed, because they only pay attention to the crazy returns, forgetting about security, and forgetting that they falls more than they rise, but anyone that cares more about security will have nothing to do with alt and shit coin, because they are actually gambling with their hard earned money to me.

It is very important for the clarity to be made and be made vividly. However, without any assumption that everyone knows what you know, how can someone even know and understand that you are referring to Bitcoin by using such term cryptocurrency or cryptos which ever you may called it, Bitcoin is Bitcoin and cryptocurrency is cryptocurrency, that is another  reason why most people spread negative messages about Bitcoin to be a very risky investment ( the truth remains Bitcoin investment is not as risky as most people may have it )by generalizing such term cryptocurrency in terms of Bitcoin and other coins where eventually they might have seen how people has been scammed on dealing with shitcoins whereas they have different principles of operation and functionalities, fuck using such vague, misleading and pretentious language, in this thread.

This is the problem of those people doesn't know yet what they are referring on and they try to dive on something that they are still confused what to call it that's why usually they got caught up with wrong information towards what they are reading anywhere. Maybe he should consider to check back his current situation if he's really prepared for long term investment since he might be messed up everything if he's just been hyped with discussion but doesn't have any good plans towards their long term plans. If they are not ready for investing on bitcoin since they are afraid on its volatility and possible sudden fall then maybe they should not invest yet but rather they need to fill their heads with a lot of knowledge so that they are sure on every decisions they made and prepared for any consequences that might possible occur in future. We need to be smart on this since if we can easily get affected on some events then maybe we will fail for that.

Obviously, Bitcoin is among cryptocurrencies but the reason why we make Bitcoin of more in this discussion is because it is our most priority and the asset we have in our individual portfolio and all other cryptos come under Bitcoin that is why Bitcoin is taken to be a volatile asset. Our main objective here is focused on buying and hodling no matter the price of Bitcoin that is why the DCA is advisable then if there comes a dip, an investor with high source of income or that have reserved funds can choose to lump sum and still continue the DCA
Bitcoin being a high volatile asset needs time before your investment can boom to a certain height that is why anyone venturing into bitcoin need endurance and patience because it is not just about buying and selling but buying and hodling for the future because a greater fruit awaits your investment there.

Shitcoins probably doesn't have any future that is why we don't include shitcoins in this thread, we are more concerned about a guaranteed asset like Bitcoin and if we look at the growth and adoption of Bitcoin since it was introduced, we can have that feeling of safety and security of our Bitcoins as proud hodlers.

When you mention cryptocurrency in general, are you referring to bitcoin together with the other shitcoins? Why not simply use bitcoin and your points will be well understood and appreciated rather than deviating with your words which often make people think that the other shitcoins have the same validity as bitcoin? Efforts have been made by @JayJuanGee to encourage people to retain the word bitcoin in their discussion so that people do not confuse bitcoin with shitcoins that often bring bad reputation and prone to scams. So if you will be so kind, continue using bitcoin in comments and that will be just fine. It has all the attributes you are trying to explain.

Note: we have stablecoins like USDT which still fall under the word "cryptocurrency" but are stable and not volatile, so bitcoin is perfect for your discription on volatility.

Every time you buy BTC, you should be considering that new purchased BTC in terms of a 4-10 year time horizon or longer.

Sure if you had been investing into BTC for 3-4 year, you are going to have BTC that you purchased that are older and some that are more newly purchased, but the mere fact that some of your earlier purchases are already more than 4 years invested, that should not be enough of a reason to start to cash those ones out, even though you surely have more liberty in regards to your longer purchases, and also in the end you can do whatever the fuck you want, even if you do a bunch of dumb shit because you think  that you made it and you had barely even built up your BTC holdings, yet you start to conclude that you have some coins that are older than 4 years, and so therefore you should start cashing out some of your BTC, rather than staying focused on the more important considerations in regards to where are you with your overall BTC holdings? Do you even have a whole year's income/expenses that are built up into your BTC in terms of how much you invested versus how much the BTC might have appreciated during the time that you were building your stash and presumptively the older coins are more profitable than the newer ones... yet even with all this assessment, the overall conclusion may well be that your stash is not even close enough to be considering moving away from accumulation unless you had been able to lump sump and to front load it and/or some of those various tactics that you invested a lot early rather than DCAing that takes way longer to build your BTC holdings, even though DCA may well be the ONLY real meaningful option that you might have had during your investment into BTC over the years.

You don't generaliz the use and meaning of the term cryptocurrency in terms of Bitcoin and other coins, it will be best specifications should be made such that when you are referring to Bitcoin just be specific and say Bitcoin because Bitcoin doesn't have the same principle of operation with other coins rather there performance solely depends on Bitcoin, or perhaps it is a Bitcoin thread where long term Bitcoin investment is the priority the reason why it dominates the thread. However, volatility is a factor of Bitcoin functionality which is inevitable for a new growing asset class like  Bitcoin, but it is mainly a major problem for short term traders whose aim are just to maximize profits within the shortest time frame, whereas Bitcoin long term investment sees it as an advantage of accumulating Bitcoin without considering volatility especially when an using my stable process of dca strategy which could be weekly or monthly, for those worried about volatility the dca strategy is highly recommended as the advantages are too numerous the reason why it dominates the thread, volatility shouldn't affect our mentality because Smart investors takes advantage of it by buying more Bitcoin at a price lower than it's previous high.

Throwing shade on Bitcoin wasnt the whole idea of the post.
What I'm saying is that Bitcoin works better for long term investors.
And it'll be sad if you didn't get that part, mate.  Also I implied the volatility of cryptocurrency in general when I said Bitcoin can fall, and all of that. Not necessarily that it's a bad investment choice. And making the said implication, is all with regards to  short term investors.

 In as much as you are right in few of your expression, I dis agree with you mate, with your Short sighted way of spreading negative messages about Bitcoin by sounding so crazy in your narrative of what you think Bitcoin is, Bitcoin is one of the best if not the best when it comes to the world digital assets class and has proven beyond every reasonable dout about it's potentials from history since it's inception or invention , Bitcoin is not as risky as some people claims or proclaim but he I don't give a fuck about what you think Bitcoin is, because Bitcoin has made a significant outstanding performance, which gives you total control over your money, enabling borderless transactions, offering protection against inflation, preserving privacy, and as well creating an investment opportunity, Bitcoin is a save haven,  Bitcoin  is a store of value and wealth . You don't have to be dump and refused /failing to see the beauty of the potentials Bitcoin holds.

I agree with you, sir. At the very least, before any one goes into Bitcoin , you should  have an emergency saving, and yes a steady, reliable source of income, so you don't end up using your holdings prematurely to sort out emergency situations.
While there can be a lot of upsides to Bitcoin, remember that the downsides can be sudden and sharp. Also note that Bitcoin  may have a higher chance of going to zero than many other assets. In light of this, it would be wise to limit your allocations to an amount you can afford to lose.

If you're looking to diversify your portfolio or are saving for a particular goal (particularly a short-term goal), Bitcoin may not be an appropriate vehicle due to its unpredictability.
In essence, what I'm saying is that firstly, before going into Bitcoin, you should atleast have a reliable source of income that can fund your investment, so you don't have to touch your holdings to handle emergent issues, and then, Bitcoin best fits long term investment, as in the long run the profits pile, but in a short frame, losses can be counted due to its volatility. I think I made sense .

You can deposit bitcoins using DCA method but have you ever thought that you need a strong wallet.  Bitcoin storage should never be deposited in a light wallet, because you can never ignore Bitcoin, Bitcoin is a valuable asset.  So the best way to save Bitcoin DCA method and even better way is to use strong wallet.

I have never heard about abuse of bitcoin. Investors cannot abuse bitcoin rather they abuse themselves because bitcoin had intrinsic values that if someone choses to sell off their investment immediately someone is willing to buy it. Choice is free, we cannot force ourselves to be long term holder it comes with discipline. Such discipline can be learnt by reading investment books, real life experience, and also interacting with the beginners and help board in the forum.

Also, i literally dont understand the meaning of killing the emotion of ATH. Perhaps you have a wrong meaning of ATH. It is an acronym for All Time High. Let me help you out here. When DCA it is certain that an investment do now keep in mind the ATH and ATL of bitcoin. He consistently invest in bitcoin against all odds in other to reach the target.