Topic: Buy the DIP, and HODL! - page 29. (Read 129002 times)

Actually its true that's why should not play around with our money like putting it in trading especially if they don't want to lose it since for sure they would suffer those huge risk especially that doing this activity might result them to financial lose especially if they have less knowledge to deal with their trades. Also it needs strong heart so you can withstand on those challenges since there are FUDs and other negative that will test your emotion so you need to have this to make everything looks well on your long term goals with bitcoin.

Bitcoin investment is really simple especially if they going to decide to go long term since what they only need to do is to accumulate and follow those good strategy they could able to use. We also have good proper financial management to deal properly with our investment since we also need to have good assessment so that we can figure out our capability so that we can work everything well without struggling on other important things needed to take care. 4 - 10 years is good to take by bitcoin investors since there's potential good result that they can earn if they decide to go with this option.

I disagree with that statement even if you have tried to clear some air about it. Ill prefer to say that "Only those who take the time to study and grasp knowledge on Bitcoin can invest and HODL". The more you know about it, the more comfortable you get when you invest in it. The aspect of knowing that Bitcoin is suitable for long-term investment is very important. Only in this process of holding, we can discover the true value of Bitcoin.

Thanks for pointing these out. I think procrastination and lack of learning are the biggest factors why many are so reluctant to start their investment. Every other factor can be resolved while we have started out investment. Knowing what we want and what we can get in the long term if we invest in Bitcoin is a big motivation to keep focus on patience irrespective of any current market condition.

You may be right in your explanation or your point of view, but the aspect I mean by "only the strong heart can invest and HODl" is that many people have the intention to buy bitcoin and HODl but couldn't. Some who bought some portions sold down the road due to panic and FUD. Some are even procrastinating till date without investing. So there are majority who had good intentions for btc but where not able to achieve it. so only the brave and strong hearted ones made it, by accumulating regularly through DCA and setting aside emergency fund and having discretion. Being able to control urge of spending unnecessarily and depriving ones self from some pleasure to meet up to a certain amount of accumulation target is surely for the brave minds. So I don't see anything wrong with that. If bitcoin wasn't for brave minds why don't almost everyone who proclaim to be an Investors never met their target? Instead they sold way too quickly. In any way you see it I know surely that bitcoin is for brave and noble and strong hearted people.
There are factors that deprive people from investment these include.

1. Mismanagement and or lack of planing
2. Epileptic Capital resources problem.
3. Bitcoin FUD leading to selling too quickly.
4. Procrastination
5. Lack of focus and patience
6. Indecisiveness

So this are likely factor that can battle with an investor not to succeed, and if not properly handled, it results to not achieving their target. I know there are numerous factors that can hinder an investor from achieving his target, but I chose this few as an evidence to backup my proof and or claim that bitcoin investment is for the strong hearted and brave ones.

There are several factors why investors do not have a strong mentality.

First, they invest emotionally with a larger budget even though they are not ready for that situation. The reason is they need an approach in bitcoin so they have to adjust their investment from a small budget until when their accumulation journey can increase the budget adjustment to be more aggressive.

Second, because they do not understand the right way to invest, their cash flow is not ready for their living needs for the next two months, but they forcefully buy bitcoin with big money so that there will be a big mistake that makes their mentality fall, such as a sudden reversal of the market direction.

Third, an investor does not have good planning for long-term investment, they always check the price of bitcoin every day, they are afraid and that is a rough characteristic if they do not have a strong mentality.

There are many ways to eliminate bad thoughts in investing, such as needing a new atmosphere to refresh the mind when market conditions turn Bearish, for example a vacation. Yes, that is a good solution rather than thinking about the price conditions at that time. In addition, to strengthen the mentality to be stronger, investors need strong references to understand how long-term investment works.

You are sounding as if we need to pass through hell before we can be able to start our bitcoin investment, but we don't need to do that before we can invest in bitcoin. Bitcoin investment is a simple investment to start, and you don't need to have any strong heart before you can accumulate bitcoin. What you just need to know is that bitcoin investment is a long-term investment, so when you are investing in bitcoin, do not invest all your money in bitcoin so that you will not find it difficult to solve your daily expenses, which might make you sell your bitcoin too early to survive. You can use the money you can afford to lose or the money you will not be needing for 4-10 years or more to invest in bitcoin so that it will not look like you are depriving yourself of the good things of this world just to invest in bitcoin. And you should be careful with the things you say in this thread before you will mislead newbies into believing that an investor needs to have a strong heart before he can invest in bitcoin.

People make big plans for their Bitcoin investments, they map out every detail, when to sell and when to buy but things can go wrong along the line before you know they are deviated from their original plan. For instance, they need quick cash, distracted by hype and rumor or other emergencies. The key is this even if you have a solid strategy, always expect the unexpected. Nothing is ever 100% certain in Bitcoin investment is based on large assumptions and speculations.

I can boldly say that anyone who still falls for every new trend or rumor has not taken the time to learn about Bitcoin properly. They just go about their investment with whatever they hear because they are either not properly informed or too lazy to do their own research which is very important to every investor. Staying updated with solid information is very vital. The less we know, the easier we are to get misled by anyone or influencers.

In every circumstance, we should always stick to the plan and be prepared for the worst-case scenarios before time.

Yeah you are right that he was very wrong about bitcoin saying it's never going to hit $100k. but in as much as he said that, we can not presume he's stupid or blind because surely everyone has the right to their opinion and decition making, so we can not blame him or his decision. yes Bitcoin is volatile and anything can happen but only the strong heart can invest and HODl.

Like I said everyone has the right to everything they want including not buying and not believing bitcoin, but all I know is that wether they agree or not, bitcoin will surpass even $500k. All I see about this people is that they familiar to physical investment than online investment like bitcoin.
I am only surprised that after first proclamation that bitcoin will not hit $100k in 2019 to 20222 bitcoin hit #64k and yet they still believe it will not hit $100k even now it's $93k ATH people will believe it will not pass the ball mark of $100k. Surely I dont know what to classify their level of their doubt.

Firstly, you need go have the believe in bitcoin that's worth throwing some value on for the future and see bitcoin as an asset that is still growing and has the high tendency to increase in price overtime saving the value of money that you are putting in it right now in future when you will need it, and that's not all it will give you additional profits if only you are a long term hodler and have a good size of bitcoin portfolio. It will not be wise that during when you are hustling to make money, you don't plan for your future when you are old but only care about today. What will become of your old age when you are weak and not strong to work just the way you can now.

It is sad that after all this struggles at your youthful age, you didn't have anything to show for it when you are old. There's a say that you will reap what you sow, this is directly pointing towards how you take the opportunity you had to know about bitcoin serious and invest in it. If you invest in bitcoin and grow your portfolio the right way overtime, you will be happy that you did it, but if you get distracted by whatever kind of gambling act, you will regret it in future when other are reaping heavily from the profit of their bitcoin investment.

This is why long-term investment is the best when investing, build and grow your bitcoin portfolio with consistent and persistent weekly DCA for 4-10 years and above without any doubt or distraction, because I feel that the longer you are getting in your bitcoin journey, the more confident you will have to hodli for long and grow your stash. Time waits for no man, likewise bitcoin price waits for no man, because soon the government will start buying aggressively, acquire more and don't be satisfied with the little that you have. See your bitcoin investment journey as a wealth building game.

The truth is just that there are folks who has mapped out plans on how their investment in bitcoin will go for them but along the line, an unforeseen circumstance might just pop out such that it will become a kind of distraction that may lead an investor to deviating from the original plans he had while making his investment. Even if we have set out strategies on how to go about during our accumulation stages, we should not completely ignore the possibility of uncertainty since we are basically acting based on assumption and speculations.
      Those who allows themselves to be persuaded and convinced by what they hear are basically those who have little knowledge about bitcoin investment and those that are too lazy to make research of their own to find out if what they hear is actually how it ought to be.

Bitcoin is definitely the best investment for those who don't want to risk their wealth by investing their hard-earned money in any shit coin. Although Bitcoin does not guarantee profits, those who invest in Bitcoin are not harmed in the long run. Investing assets in a scam scheme for a long time can lead to loss of wealth, but keeping it in bitcoins is more valuable than any others things like gold. After the bull run of 2021 there are many coins that no longer exist but Bitcoin was there and will be in the future.

As a conscious investor one will prioritize the certainty of his investment first. Any coin other than Bitcoin is insecure and can be lost even after reaching the top position for a long time. Those who are smart can definitely find confidence in investing in Bitcoin. One of the best strategies to invest in bitcoins is DCA. Those who collect bitcoins using it will be able to increase their assets.

I honestly think that these people that are so much emotionally affected by the markets were not fully convinced in their accumulation journey from the onset and they are those that are focused on the price rather than on their accumulation target. If you misplace your priorities and focus on the price of bitcoin, then you are harboring a traders mindset even though you are accumulating and the emotional instability puts you in the same state with a trader who constantly has emotional attachment to the prices with respect to his market timing and profit and loss margin. Investors who have decided to go on a long term accumulation journey should fix their mind on the accumulation target and the period of time they intend holding and neglect the short-term noises because it is only going to be a distraction to them if care is not taken.

I so much love this bolded text, your conviction and decision from the beginning should be your guiding principle in your accumulation journey. If your resolute is strong, you would have less stress managing the side distractions that comes by because from the onset you have defined your rules and patterns of engagement which you would strictly adhere to and be disciplined enough not to deviate from it.

First and foremost for newbie or existing bitcoiners, the first thing we should know is that bitcoin is a long-term investment and the next thing is our plan in achieving the long-term goals, if we can position towards this lane I think deviating from it wouldn't be an optnon for us, the major problem many people have in their bitcoin journey is the ability for them to understand the concept of the investment and thereby concentrating on the main thing without any form of deviation, with the little i know, some persons allow themselves to be influenced with what they hear without making good findings about those stuffs.
Differentiating between trading and Bitcoin investment is not difficult for people, is just that they have been entangled with quick money mindset so at that point retracing their step doesn't seem easy because of addiction if what they have chosen, this is more reason why we should be focused from the begining in other to avoid being misled by our instinct or what we hear from the so called traders, there words seems convincing but practically zero.

For me, the goal is to continue accumulating Bitcoin because the future is more brighter than what we are seeing now so instead of chasing those shitty unrealistic goals it's better for us to do our thing gradually with ease and less stress and hodl for a long-term.

I don't think this guy is blind, but he closed his eyes to bitcoin. That's why these people refuse to believe in bitcoin's potential. Maybe this person is a typical person who does not accept current developments well and thinks that digital assets like Bitcoin are just empty talk. That's why this person thought that Bitcoin would not be able to touch the price he mentioned. But currently Bitcoin denies this statement, because currently Bitcoin is approaching the price of $100K. Therefore, I am sure that if this person opens his eyes now, I think he will regret his thoughts. But that's okay, we don't need to think about the words of people who are not pro bitcoin. The most important thing is that we just have to keep going (doing DCA on bitcoin). So just let people like this realize themselves. Because there are quite a few people who initially really doubted bitcoin, but in the end trusted bitcoin. So let the price of bitcoin which continues to soar make people like that aware. Because basically currently the majority of people believe in bitcoin. So it's better if we don't pay too much attention to minorities.

Yes he said that, he should be worried and full of regrets knowing and seeing how much Bitcoin has grown past his negative illusion. Bitcoin has been living through this condemnation, there has been more people than him who have said very belittled ideas about Bitcoin, since life is always full of regretful confrontations, maybe they would be able to go pass through, or rather make up their mind to restock into their mistakes by purchasing Bitcoin before it will even  be a lot late because our utmost speculation is to see Bitcoin at Millions over coming seasons.

I think he is blind even if he has eyes And a completely stupid guy. Peter Schiff was as wrong as ever about Bitcoin and he still hasn't corrected. He said in a tweet in 2019 that Bitcoin would never reach $50,000. Maybe he said these things in that tweet like a fool.


A review of Bitcoin price history shows that in 2019, the price of Bitcoin rose to around $10,599. A few years later, in 2021, the price of Bitcoin touched the all-time high of $64,000 for the first time. All those who have said negative things about Bitcoin since its inception have been proven wrong time and time again and may be proven wrong again and again in the future.

Peter Schiff recently said, Bitcoin Price to $100K in Danger? Peter Schiff Drops Final Bombshell

That's why you don't go into the market with emotions, as an investor of one the needs you'll need to have is a strong mind to withstand market pressure, you ought to be prepared for a long-term ride and if you bring emotions into it you might utter your investment journey along the line due to fear of losing, as a Bitcoin investor you don't even need to be scared of a dip cause so far you continue DCAing you're bound to be on the profit side in future. Bitcoin investment is very much better and more preferable compared to trading, it's better to continue buying Bitcoin and be patient for years than risk my money into a short-term means of making more money, which could drain my portfolio in a twinkle of an eyes, trading has very high risk and chances of profit is 50/50 compared to Bitcoin that offers very high chances of profit if you follow the right investment process which is buying and holding for long-term. a wise investor would risk their money in a more safer and profitable way of making more money, even if it requires profiting in a longer period instead of to risk losing everything a short-term.

Common feelings for people doesn't have any solid directions towards what they really want to happen with their money ready to use for some useful things. If they could figure out and gather good information about doing long term investment and eager to learn more about it then provably they would be heading in good direction.

But some people want to take a risk since they want to experience the other means on they could earn money. Also for sure that once they tried trading and feel the pressure and how risky to participate on this activities for sure people would just drop that idea of doing trades since for sure that they would can't handle the continues risk since it give them a lot of stress everyday. Good thing that there's good institution just like what you have mentioned that people can look forward that its good to hodl bitcoin for long term since this could give them convenience and more realistic results compare if they adapt the pressure then get burned in at the end. So trading must be avoided since there's nothing sustainable matter we can really on in this option.

If most people who badmouthed bitcoin in the past and refused to invest in it early enough are contacted on a personal level, they are obviously living in regrets of their initial mistakes. Let's consider this tweet from 2011 and 10 years later when contacted, he confessed he was dead inside owing from his mistakes and personal doubts of bitcoin. I also somehow believe he was persistent in his pessimism despite seeing the progress of bitcoin which is the height of ignorance and no longer doubt and in the end, his regrets knows no bounds.


https://bitcoinmagazine.com/markets/bitcoin-price-up-1-6-million-percent-since-infamous-allen-tweet

It's sad most people are still doubting bitcoin and would still end up regretting their mistakes like this guy in question. These are some of the testimonies of bitcoin that it would always prove the naysayers wrong and provide a profitable investment opportunity for those who recognize it, believed in its potentials and accumulate it.

People who are not mentally strong in holding Bitcoin for the long term still have to train themselves more in dealing with every market condition because they are not actually trading, but rather collecting Bitcoin in order to become more because the goal itself is investment. I also really understand what you are saying because some people still need to separate investment from trading when their goals are quite clear with a certain duration of time. And now I am still motivated to buy Bitcoin when I see the Microstrategy company that continues to accumulate and buy more Bitcoin at the current price. Because they really don't care about the price of Bitcoin when they only focus on their goal of collecting more Bitcoin ownership for now.

I think it is important to understand that those bloggers are just out there doing their own business, and the more engagement and followers they have, the more money they are generating from their platform. So  any investor who is making a rash decision based on whatever they read in a blog is definitely making a big mistake. Yeah I know as humans sometimes we need some form of validation from others who we think are more knowledgeable regarding a subject matter.
But when it comes to bitcoin listening to bloggers who encourages you to sell your bitcoin premature is totally your fault, and you already have it in mind to sell, so you don't blame it all on the bloggers, because out there, there are also bloggers that encourages people to hold their bitcoin for long term and not sell premature. Why don't you choose to follow such blogs. Whatever you do is firstly your choice and you should take responsibility and not blame it on others.