Topic: Buy the DIP, and HODL! - page 292. (Read 123781 times)

Some time i do feel really bad on seeing that most investors do loss their Bitcoin. I wonder how people will not have taken good security measures especially when it has to do with  with the world largest digital asset class Like Bitcoin, the loss can actually cause financial devastation, reducing supply and increasing demand and the value of the asset class such that those  that hodl onto their investment becomes a beneficiary. Hodling is a very vital tool that secures Bitcoin investment which could serve as retirement benefits or as a generational wealth.

Michael Saylor is in the news again with a new purchase of about 3,000 Bitcoins. Although he may have said something stupid that "Bitcoin doesn't need censorship-resistance", after two bull cycles he might be written in financial history books as one of the greatest prospectors like John D. Rockefeller when he invested heavily in the oil industry.

Follow what that man is doing from an investment viewpoint, Buy the DIP and HODL. We would be lucky to get bigger DIPs. Mean reversion is already happening, and around the current price might be where Bitcoin will be during the halving. Where will it be after the halving?

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I understand that everyone has freedom in terms of making decisions, one of which is in terms of the timeframe they will apply to their bitcoin accumulation involvement, but here and in this case as a whole I agree with you that as you say having a long-term planning and approach ranging from 5 - 15 years is a more recommended planning for building a portfolio. On the other hand everyone has a goal to make a profit as a result of their bitcoin accumulation involvement, they have a choice but for those who choose to build a quick plan or mean looking for quick results are those investors who are "too tempted".

Actually it doesn't need to be that fast because bitcoin is not going anywhere, as long as you are able to maintain the accumulation of bitcoin then you will get a share of the profit percentage and the longer you are there, the growth of bitcoin will increase which means your profits will increase, I think we already know about how bitcoin has developed since 2010 until now, many people now feel regret because previously they did not move quickly to take the opportunity even though they already knew about the existence of bitcoin which has the potential to be used as a path to a more lucrative financial situation in the future, one of the reasons maybe they are too busy with various reasons for procrastination which ends in regret.

Obviously, experiencing each halving season, the scarcity of Bitcoin becomes more and more obvious, but many investors rarely pay attention to it, except for mining. I believe that this halving cycle will have a greater impact on the price of Bitcoin compared to previous periods when the demand for Bitcoin ETFs is increasing.
Currently, most Bitcoin purchases are through OTC, but imagine when the amount of OTC Bitcoin is no longer available, forcing them to go to exchanges to buy. If they cannot ensure the amount of Bitcoin reserves, their fund may have to stop, so they must continue to buy Bitcoin for reserves. Therefore, in the near future we may not see a huge impact on prices, but I believe there will come a time when Bitcoin prices will truly explode more than we can imagine as demand increases high meanwhile supply is increasingly scarce.

In this case I would ask to look at Bitcoin in a different way because of its historical results. Many intelligent investors follow the same approach. They followed basically DCA approach and at the end of the year were actually at lower prices if we calculate for 6 months then we see the average unit price as example: $44+$46+$45+$44+$48+$52=$279
Average unit price = $46.50.
Here Unit price become 5 categories DIP, middle and high but average price nearest of DIP. And this is the best strategy of DCA.
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Every job like this always requires basic knowledge so that someone knows where to start, even though trading and investing have fundamentally different knowledge. However, for these two things, I think the knowledge to hold for long-term investment will be easier for everyone to carry out than the knowledge of trading which basically has to start by getting to know assets and also getting to know the market and market charts which often change. Meanwhile, someone who wants to invest in the long term only needs to know the best assets and believe in them and be willing to make the decision to invest better in assets like Bitcoin.

Getting to know Bitcoin and learning how to secure it are two important things that must be studied simultaneously by everyone who wants to invest through Bitcoin after preparing other things such as capital and other basic knowledge. This means that the first two things should not be ignored by every investor because after knowing Bitcoin and believing in Bitcoin, it is appropriate for every investor to know how to secure it in their wallet for the long term so that it is not stolen by other people.

It depends on the goal you have set out for yourself to achieve when you started your investment journey. Some people have the ambition of holding for a circle or two  circles before selling their bitcoin. So it doesn't really matters what the price of bitcoin is at the up coming bull run I won't be selling my bitcoin. In the road map I have set out for myself in my bitcoin accumulation journey, I am still at the accumulation stage and I don't want to alter my road map by being distracted by the upcoming bull run. This will not be the last bull run many more will still happen in the future. So for me, while others will be selling in will be buying.

Thier is nothing wrong if someone that's trading participate in this discussion. Isn't it possible that someone that was into trading and had been experiencing loses in the process might come through this conversation and have a rethink which will most likely make him shift to HOLDing his Bitcoin rather than doing a short term trading?

The whole essense of this discussion and the forum in general is basically to sharpen peoples perspective about making the right investment putting everything in the right perspective and I'm sure thier are lots of people that joined the discussion as traders but in the long run haven seen the advantages involved in accumulating for the long term have shifted Thier initial plan and are currently long term holders.

Agree with you In terms of bitcoin investment. We can consider DCA as a passive investment strategy. This strategy makes investing easier for those who want to accumulate bitcoins. Even if an investor does not have a depth knowledge of the market, by adopting this strategy the investor can successfully grow his investment.
By applying the strategy, an investor can accumulate bitcoins by reducing the average purchase price. Moreover, as buying opportunities are created at regular intervals, it is possible to reduce the volatility effect prevailing in the market to a large extent. Among investors who believe in the potential of Bitcoin for long term they are determined to collect their bitcoins through this strategy.

This should be an important thing for us and should also be our priority if the investment we make in Bitcoin is known to our family and one option is to trust them to access our wallet when we are dead. It's true that no one wants death, but it will happen and we don't know when it will happen. Of course, passing it on to the community is something only Satoshi can do and other people might find it difficult to do.

There is no recovery that can be done other than the coin disappearing from circulation. discussing this issue, of course Bitcoin could reach $500k if shortages continue to occur every year. it's not impossible but we need time to see it. My confidence is growing in all possible aspects that one day Bitcoin will become a very valuable asset compared to other investments.

Maybe you are right, I have to take advantage of the opportunity to enjoy the benefits that exist someday. Of course I need to give vent to my lust to buy an item that might be a dream for now. life is only a moment and yes I will definitely take advantage but maybe not for now. The way to implement long-term investments may vary, where some start with $10 or $30 from the start so that their target is quite far away, namely 30 years in the future.

That's a very good suggestion sir  . Of course we want to have a Lambo that is synonymous with success if you look at the things published on social media lol

Apart from that, all the targets we want are success in the future and here we start and are ready to provide encouragement to beginners so that their enthusiasm grows to continue to Hold.

I totally agree with you on this, most investors don't know that it is actually paramount to put your security into consideration first before investing in any asset, expecially Bitcoin, you have to first of all think on how to preserve and protect it, before even acquiring it, so as not to run loss in one single act of ignorance.

Investing in Bitcoin doesn't require as much knowledge and much skills as trading. If someone uses the DCA method to invest, he doesn't have to confuse it with the ups and downs of the price. He only needs to focus on the investment time to buy Bitcoin.

In trading, he needs to learn many things, including analysis of the market. Learning about trading will not stop because the market is always moving. That needs time before someone can familiarize with using the indicator, and he needs always to learn to improve his skills.

Using the DCA method, someone can accumulate his Bitcoin by buying Bitcoin at any price, and that can lower his average buying price. Learning about securing Bitcoin is important because that is the way he can save Bitcoin in the right wallet to be a safe place.

One of the beauty of investing in bitcoin and holding it (for long-term) . Is that you don't need much knowledge nor skills to start accumulating. To that of trading (because before thinking of trading there's alot knowledge required), But in holding you just need the basic knowledge then you can start your bitcoin accummulating Journey. Afterwards you can start learning way you could secure your asset and knowing the principal on how to secure and healthy Bitcoin investment.

Speculating on current price is actually for people who do daily trades and if they are planning to hodl then I guess much better they should avoid participating on any discussion like this since their decision making might be affected and they could done bad decision that can stop their plans and make them a loser in short span.

Bitcoin will surely surge soon that's why its really better for people to set up their DCA plans and stop doubting and start reacting so that no regrets will come on them if they see some good runs happening.

Expect other folks to only speculate since maybe they are not prepared yet and their knowledge is not enough that's why they can't decide for theirselves on what are best thing to do in some situations occur.

yeah that's true. Base on my research about the previous halvings though haven't experienced anyone yet. But have done some research I found out that most time during Bitcoin halving bitcoin do undergo a certain dip(fir short-term), and after the halving alway experience a great surge in price. And most people may actually be thinking of purchasing bitcoin at that moment it experience the dip during the halving. And most of them may eventually endup missing out. And some may endup not accumulating more quantities of Bitcoin for the upcoming bullish run.

They don't actually know that those that have already embark the use of DCA strategies, and at the same the buying the dip would have more chances of a accumulating more bitcoin in their portfolio, Mostly with efficient and frequent DCAing. Because I don't see the need speculating when you are not ready to invest,  normal as you speculating at same time try accumulating. To be in a safer side.
 

Forget about speculating the price in the present but what you're doing is preparing yourself in the future with a set price you think possibly Bitcoin gonna meet at that time.

It's no doubt that Bitcoin will surge soon at this cycle and it's not going to be continuously happening every cycle and there's a stopover after that. Those that have been doing DCA for a long time might get a window for selling at that point and that's the time they should take their profits.

While there are folks that are all talk and can't put money on their mouths, they're going to keep on speculating until they realize that it's all over and late for them.

One of the advantages is that the coins of all of the remaining holders become more valuable when fewer coins are available / accessible (lost).  Sure the disadvantage to the family or the potential heirs, but it is not necessarily obvious that the heirs deserved the BTC more than the overall bitcoin community.  Some people could purposefully die with their coins because they would like to overall give to the whole bitcoin community rather than giving their coins to a presumptive heir.  So there could be a question regarding whether the passing down of the coins to the whole bitcoin community was done on purpose or accidentally, but bitcoin does not care, because if those coins are not recoverable, then bitcoin has just become more scarce.


Yep was it a mistake or on purpose, and since bitcoin cannot figure it out the difference, there is no recovery of the coins.


If you get into bitcoin and you are in your early 20s, you may well already consider that your timeline might be able to be longer, but yeah if you come into bitcoin and you are already in your mid 40s you might consider that you might not want to have a timeline that is more than 20 years..

Of course there can be all kinds of variations, and even if you invest with a long timeline, you are not locked into the funds, so even if you might treat it as a retirement fund (or a fuck you status fund), but if you are able to achieve a level of financial wealth that allows you to start to withdraw from the funds and to have more options, then you will likely be grateful for that.. and if you are investing $10 per week and 1 year is $520 and 10 years is $5,200 and 30 years is $15,600, you may well not have a lot of funds?  We cannot know for sure if BTC might go up in value a lot after you invested in it or maybe it goes up while you are investing so you don't have as much of your value that experiences the compounding effects because you are investing such small amounts.


Of course you have total optionality to cash out as soon as you want, to and there are a lot of people who end up cashing out way too many bitcoin too soon and then they regret it later, and maybe you will become one of them.  It is your choice and you have to live with the consequences.. and sometimes BTC holder/accumulators cash out for some relatively small amount, and then the BTC shot up 20x and they could have cashed out 20x higher, but they did not have patience.. so that is their problem.. and sometimes it had even been like 200x or more higher that they could have had received, but they were happy with their profits and they cashed out.. yeah.. its their choice and they do not recognize and appreciate the mistake until later, but sometimes they recognize and appreciate the mistake, but they keep doing the same thing..

It's up to you how you react to it, but I think some people forget or delay telling their family that they invested in Bitcoin and suddenly they died. then his family certainly couldn't access his btc if he didn't tell them his private wallet key. In this case, I saw several articles which stated that several large BTC holders had died, but I didn't know in detail that the BTC holders did not leave their private keys to their families. So, for that reason, let's just take the point that BTC circulation will disappear because of those who die or those who can't access their wallet because the private key is lost.

So what is the advantage of all of this? Of course, the smaller the circulation and the increased adoption or the more people who invest in Bitcoin, the more visible the opportunity is for a significant price jump. I hope you understand what I am clear about and that there are no stupid people in this developing era, but please know that sometimes it is their carelessness that loses their assets, such as storing the private key incorrectly.
Yes, as long as there is no urgent need, of course it is better to continue holding. Indeed, 30 years is a long time and perhaps no one knows our future fate. It seems that if you have reached satisfaction, there will be an option to cash out and maybe it will only be a small amount without having to sell everything. Personally, the bitcoin investment journey is like drinking coffee every day where I keep doing it to keep buying and holding it.

Just because someone lives with his parents does not signify that his parents would necessarily serve as his emergency fund.

But we might be able to assume from the posts that some of the expenses are less than they would be if teamsherry were to NOT live with his parents.

Sure guys should take advantage of whatever benefits that he has available, and of course, when dealing with other people and relations, we might want to make sure that we are not taking advantage of them since those kinds of negative dynamics can also mess up our own credibility and impressions that others have about our abilities to be responsible for our own finances. So it is quite likely that even if we life with our parents, we should be striving to figure out budgetary matters (and perhaps even contributing to the house expenses) and figuring out out emergency fund, reserve funds and float.. and maybe projecting out into the future regarding our income and expenses, and surely young people will sometimes not have as much cash because they are spending time to build their job skills and maybe seeking out education and training that may well improve their future income even though their current income might suffer due to their receiving such training.


Yes, there can be questions regarding how to manage your BTC holdings and questions regarding whether it is ever a good idea to sell 50% of your BTC holdings in one setting, unless you might have too many BTC... and so there can be questions regarding how many BTC you need and whether you have too many and do you have so many BTC that you can feel comfortable shaving off 50% at one price point.

The longer that you have been in BTC and the more BTC that you have accumulate, the more you might be able to justify selling off decently large amounts, yet even $100k does not seem to be a very high price, and there seems like there could be way more reasonable ways to manage your BTC holdings, even perhaps starting selling at $80k and spreading out your sales.. maybe 5% every time the BTC price goes up 25%, even that seems like a lot of sales (from my perspective), but it may well be more reasonable than selling a bunch (such as 50% at $100k) at one price point and then never being able to get those BTC back.

So, we know that each person has to make these kinds of assessments, and historically, we have seen a lot of examples guys selling way too many BTC too soon and then regretting it later... maybe within months or maybe even years later.


There are likely some people who have lost their coins and who don't even realize it, and part of the problem is that they might think that they know how to access their coins, but they might not access them frequently enough in order to make sure that they do not end up losing access or even overly-complicating their BTC storage set up so that they end up locking themselves out of their own coins.


I will take a look at that thread later, yet I am familiar with those kinds of comparison numbers, and yeah bitcoin has outperformed all assets, especially the longer the timeline, and there are no signs that bitcoin is not going to continue to outperform all other assets..

One of the advantages that bitcoin has is that it is still in fairly early adoption stages, so even though there are not guarantees that BTC price will continue to exponentially go up with ongoing increases in network effects (as outlined by Trace Mayer), there is no evidence to the contrary regarding bitcoin's asymmetric bet to the upside in the coming 5-20 years or more.


We have to still remember that past performance does not guarantee future results.. so we have to figure out a position size that it comfortable and appropriate for ourselves.


That sounds right, and guys should be tailoring to their personal circumstances to try to be as aggressive as they can without overdoing it.. which sometimes they won't realize they overdid it until they find themselves in a situation in which they made the mistake... so frequently it takes patience to build up your holdings, and sometimes it might be good to earn extra money, but sometimes there are needs to invest in your education and/or improve yourself so that you can earn more later or that you improve some of your skills... so it is not always clear, including that some guys come to bitcoin without any other investments and other guys come to bitcoin while already having investments.. so they would likely have different approaches based on their circumstances when coming to bitcoin.

Yeah alot of folks endup losing their Bitcoin due to death and even due to misplacement of their security seed phrase. Before they even had the chance to feed from their fruit of their labour. Indeed bitcoin still remains a strong investment, I stumbled upon a post days back Here in this forum. A higher rank user posted a post about comparing the profit you would made from investing $1000 10 years ago in either Gold, real estate and Bitcoin. Well at first stated that due to Gold recent value if one invested $1k 10 yrs back he or she would endup around making 2× their invested funds  that means their portfolio might be around 2000 USD. While those that consider real estate would might made a max. Of 10× to 15× in the last 10 years depending on their location and all that. But those that invested with $1k  in Bitcoin 10 yrs ago may endup making about 350× profits.

You can see the massive different of Bitcoin from others investment. To me bitcoin is one of the best investment (if not the best) because bitcoin as indeed change alot of people lives for the better, ( expecially the accumutors and holders just as sir JJG said.) Though most of us wasn't among those set of people then. But now still the time forus to be among those Bitcoin gonna change their lives for the better too. I know other invest are nice and all that but I would advise to focus on mainly on accumulating bitcoin first till you reach a certain state before thinking of diversifying. And please if  i have said anything wrong in any chances please do so in correcting me.