Topic: Buy the DIP, and HODL! - page 312. (Read 123703 times)

Yeah you have a point but however reasoning it another perspective it looks somehow because an investors shouldn't dwell on motivation from others before investing on Bitcoin however is obvious that he has already loved to invest on Bitcoin because of the potential he saw on Bitcoin so what other motivation does he need again to satisfied his curiosity, however in times of investment I think is more advisable for people or someone to have passion on Bitcoin investment instead of being motivated by people because there is a big difference between having passion on investment and having interest on investment because of motivation you get from others because we know how volatile Bitcoin can be, perhaps if the person did not see what he had expected from Bitcoin on the process it could affect his investment mindset by deciding to change his mind on the investment but however if you are being drown to Bitcoin because of how passionate you are to Bitcoin you will see that your mindset will not focus on profit making but instead it will be channeled on accumulating and holding Bitcoin for a long term.

Get the context. The point is not about being the best investment because of price movement or ROI, the point is being the best investment in a particular sector because the HODLer is assured that the investment will continue to exist for decades.

Plus ser, I'm not comparing Gold and Stocks with Bitcon, then saying that they're better than Bitcoin. In fact, I'm in the part of my journey that believes each has its pros and cons.

Starting a long-term investment in bitcoin necessitates a determination not to be swayed by market volatility, whether in your favour or against it. During this long-term holding, an unprepared person must be prepared so that the market's volatility does not influence their initial decision to keep bitcoin for the long term. During the holding process, they will experience more market downtrends than uptrends because uptrends typically occur during a bull run and last only a short period of time, whereas downtrends occur on a regular basis as a result of market changes, corrections, and global news affecting the bitcoin market.


Have you heard or come across the following statement: 1BTC=1BTC until you take a portion of it and spend it, after which it no longer is. Planning to make a long-term investment in bitcoin involves planning and how you spend your financial earnings. If you do not plan ahead of time, you will always return to this bitcoin investment to withdraw funds and resolve your financial problems. Long-term bitcoin investment does not require you to invest an exact percentage of your income every week, biweekly, or even monthly. Only save what you will not need in the long run and can sacrifice in order to keep it in bitcoin.


What distinguishes DCA method of accumulating bitcoin from others is the fact that it can be used by any kind of person depending on your financial status. It bridges the gap between low income earner and the high income earners to all be investors of bitcoin. While DCAing, it won’t stop you from lump summing when the opportunity comes for you to do so.

Investing in the DCA method means that the investment does not hold some assets for a short period of time, but definitely holds them for a long period of time. Investors try hard and invest monthly or weekly to grow their investment by accumulating assets over a long period of time. DCA method is the best method to accumulate assets. Anyone who invests in Bitcoin with the DCA method will surely succeed, most investors have been successful by accumulating wealth using this method.

Those are the people looking for who to blame in case anything go wrong with the investment. There are many with such character, they will never take responsibility for anything. In where I work, I still have some colleagues that still believe that Bitcoin will fail me. Funny enough, they are waiting for me to cry and regret investing in Bitcoin and always laugh at me when I ask them to invest in Bitcoin.

It is important to avoid anyone who have displayed some level of pessimism towards Bitcoin because investment requires some form of believe and trust, not forgetting the need to own up to the responsibilities.

I do not agree with you that setting the time to sell will help someone in holding especially when you want to hold for long term in accordance with our discussion here. Setting sell target means if the target is reach in two months the asset will be sold, I do not think this qualifies as the long term investment we are discussing here. I know that our plans and targets are different but when our mind is fixed on selling, we might tend to be agitated when the target price is not coming as quickly as we expect, this might be the beginning of a bigger problem.

It has been emphasized that it does not require huge amount of knowledge to be able to invest in Bitcoin even though completely knowledge is important and highly encouraged. To get started, you need just the basic knowledge thereafter you can build on your knowledge as you are building your portfolio.

I also think like that because logically, people who are trying to collect Bitcoin and hold it for a long time don't immediately think about selling in the near future, so it is very feasible to use the DCA method in that case. Meanwhile, trading is a very different job from collecting because the people who trade in the market are people who are targeting profits in a short time or quick profits in a certain amount so it cannot be compared to people who are collecting Bitcoin by run the DCA method.

Normal for people to hesitate especially when they don't know how to handle much the risk on their investment that's why usually they afraid to take the first step while market is calm and just be there when they are hype since they afraid not to grab when price is pumping then get FOMO. If they could just do a lot more research to understand those risk for sure they never think about hesitating once there's a opportunity coming up,
 
Also if they understand those risk which always there when it comes acquiring bitcoin for sure they can do good decisions on how they could handle some situation and just buy on the price they target without any further more doubts in mind.

Basically as an investor, it is believed that you understand your capital flow and how to strategically place your investment.  Before you would want to buy Bitcoin using DCA Method, it believe that you have a capital base that you use to sustain your buying, wether small or big amount for the period you want to. Don't also forget that you're buying with a certain percent of your income with the hope of Holding for a very long time.

Emergency funds doesn't really come into play except for a situation whereby you don't have the financial base to continue with your investment pattern, that is why is always advice for you to know the period of time it will take for you to strategize your investment pattern based on the funds you have, so you wouldn't find yourself in an emergency situation, so opportunity cost don't have any role to play.

Before deciding to hold maybe you should set some timeline on when you want to sell your stored asset so that you have something plan to hold and you will not get dismantle if you see something bearish situation in the market since it could possibly bother you.

Holding will only have sense if you have invested to much on good knowledge towards the market movement and you have a lot of experience about bullish also bearish situation. Although some may start on whenever they want but they should gain from experience of other people if what strategy they want to use. DCA is perfect for them since its applicable or easy to learn by most of new people who want to invest on bitcoin.

Trading and DCA has nothing in common DCA is a process used in accumulating bitcoin and most of the people who use DCA process are those who want to buy and hold for long time so I don’t see anything wrong with saying DCA has something to do with bitcoin holding. But for bitcoin trading you don’t need to follow DCA at all you just need to use the money you have at hand enter the market and start their trading losing or winning, so i don’t see any relation between DCAing and trading that’s a wrong connection if you ask me.

You are pretty right most people are skeptical about Bitcoin investment probably due to speculation from friends and family or social media which make them have that negative inception in them and always make them think awkward about bitcoin. According to my research I was made do understand that why many people are afraid of investing in bitcoin is as follows:
1. Extreme volatility
2. Neither commodity, nor currency
 3. Don’t invest if you don’t understand
4. An unregulated space
5. The issue of legality
6. Ponzi schemes abound
7. Prone to illegal activity
You can click on this link here,  for the full explanation

But however, this factors does not implies that one should not hold on to Bitcoin. Or invest on it. I see this factors listed above as a deceptive factor and a speculation due to misinformation and lack of Doing proper research. Lack of focus with negative mindset Leeds to misconception. Despite most of them are true, but we should always take advantage of the important part of it rather than sticking to the negative aspect. Everything that has advantage also has disadvantages but the advantages should not be underestimated. Just buy and hold is the way and nothing else.

Sometimes many people fail to invest in bitcoin not necessarily that they don't have money to invest. Or that they need extra income to income to boost their investment chances. Some of these people are just looking for someone to act as a motivating factor for them before they can invest. Many people in here develop more interest in investing and hodling bitcoin because of their continuous visiting and reading of this thread, and seeing the knowledge that are being shared here and it motivated them. There could be several reasons why many hesitate to invest, but like you said above, investment is basically a choice.

Need part time job to be bitcoin investor because has small fund and having enough income for daily needs will likely be difficult to set aside to invest in Bitcoin. Before have decision for investing in bitcoin necessary improving financial to be better and some time when some time get emergency not must to sell our bitcoin investment assets have been priority for long term investment. Actually we are having many hours in daily days after spending for offline or main job and possibility use few hours for part job as online or offline

I think part time job could be alternative for investing capital in bitcoin in long term and each countries has different variations in the salary received for hourly work. The most important thing is desire to invest in bitcoin as much as possible and want to find part time job to use as capital for long-term investment in Bitcoin.

this makes a lot of sense to me and I guess part of the issue I was having with relation to How long is actually long enough to term it Holding is based on the fact that I'm a new investor that doesn't have enough holding and so a little profit in the short term tend to trigger me to wanting to sell it off since there are pressing needs that sometimes makes me feel like if I take back my investment whenever a little profit tops it up, I could use it to solve certain issues and then buy again and Hodl.

But as we've continued to learn from this thread, it's becoming glaringly clear that the most profitable means of investment into bitcoin is a long-term investment and that the DCA strategy is a great toll to enabling enabling us accumulate more bitcoin at our convenience even when our financial strength isn't all that strong.

An investor will take into account his abilities before he starts investing. He will not rush into making decisions and will still research first so he has more information. He will do it and carry out his plan if he is sure of his decision. However, an investor who borrows money to invest must have a mature plan to use his investment well. However, some investors don't have short-, medium-, and long-term plans but manage to develop them to make big profits.

We are lucky to be able to invest in Bitcoin. We can buy Bitcoin with a limited amount of money. Let's say we want to buy at $10 regularly. We can do this on many occasions, regardless of the price of Bitcoin when we buy Bitcoin. Many investors don't understand this because most of them only chase profits in a short time. In crypto, they can't always get it because it depends on market movements. And most people also don't understand the meaning of investment because they just follow what others suggest and do.

Many small investors can survive and continue to invest in Bitcoin. They can allocate a small amount of money to invest in Bitcoin regularly. We have to respect this because they are trying to have investments even with limited capital.

Investors must invest according to their own ability. And those investors who invest beyond their means surely cannot hold their investments deeply. I have seen many investors who borrowed money to invest but never achieved the desired investment results. 

Currently, the price of a bitcoin is 45000 dollars, naturally, not everyone can afford to buy a bitcoin for 45 thousand dollars. But there is no such thing as I have to buy one bitcoin or more than that in order to invest. Buying Bitcoin with $45,000 is an investment, and investing with $100 is still an investment. We need to understand the real meaning of investment, when we understand the true meaning of investment, investment will seem very easy to us and investing will become more important to us. 
It does not matter how much money I invested. I believe that professionals can afford to invest in each. 

I have seen many investors who earn a relatively small amount of money every month but they only spend money on family with the expectation of investing and the money that is saved at the end of the month they invest in bitcoins. Respect must be given to those who make such a struggle for investment.


No amount of investment should be underestimated, as investors now consider DCA method of investing as a safer and more accurate method in which investors can consistently invest a minimum amount of money. If we think about something in short term then we will be disappointed but if we think about the same thing in long term it will give us confidence. No matter how much money we invest every month, we need to calculate the long-term plan and the long-term plan should calculate how much our investment will be at the end of the specified period. If we do long-term calculations in this way, it will be seen that our investment amount is much more than what we expected at the end of the specified period. This calculation is only the calculation of the capital that will be deposited by the investor and the profit is not being calculated additionally, if the long-term investment is made, the profit amount is always higher.

To every investor his investment is very valuable and very important. Suppose you have an investment of $500 while another investor has an investment of $5000. After you invest the market is dumping a bit due to which you face a temporary loss of 50 dollars from your total investment and on the other hand the person who invested 5000 dollars faces a loss of 500 dollars in this case but both expect the market to be positive. It's wrong to say that you don't expect to see your losses relatively low because you have a maximum investment of $500 while another investor has a maximum investment of $5000. We should never look at another investor who invested so much at once while I invested a small amount. You may think that this small amount of investment is nothing compared to other investors but you have maximized your potential and that is the most important thing for you. In the case of investment, you can try to get some idea through others, but do not directly match your investment amount with others.

You really must be a bot.  No?


When people get older they might not have enough confidence to invest into anything for 4-10 years or longer, so a question might be if they meet the minimum requirement of 4 years, and if they do not, then they may well have to consider their own senses in regards to how liquid that they need to be, and if it might be a good idea to invest into something like bitcoin for a period that is less than 4 years... maybe they still invest, but instead of considering 5% to 25%, they instead might just consider 1% to 2%, and even that might be too much.. so if their timeline for investing (even though they don't know when they are going to die) might be less, they still might be willing to put some value into bitcoin, but that would be more like trading or trying to play a short term wave rather than longer term investing...

Another thing is that they are not sure if they are going to need the money in less than 4 years, so they decide to put some money into BTC andthey know that they have to reduce the amount that they would be willing to put in, because they are gambling on not needing the money for 4 years, even though they are not really sure since they might already know about circumstances of their health, their age and/or maybe the status of their other funds that causes them concerns in regards to when they might need the money and maybe it is 50/50 odds that they could keep it invested for at least 4 years, which they have to take those kinds of factors into account when deciding if and if they decide in the affirmative to invest into bitcoin then how much and how to do it..


Exactly why it is problematic to have less than a 4-year investment time horizon when you invest into bitcoin, but we cannot stop people from doing it and we cannot imagine circumstances in which it still might be reasonable to invest some into bitcoin, but just a smaller amount as compared if you clearly had more confidence of having a 4 year or longer investment time horizon.


You are likely correct Obim34 that the HODLer mindset is not ONLY a factor of how long any of us has been in bitcoin, even though level of conviction likely can grow through time, and the actions of holding is largely demonstrating that a level of conviction exists.

Newer BTC HODLers can also build these kinds of HODLers mindsets, and maybe part of the way to build a HODLer mindset in earlier times is to be careful NOT to overly invest and to engage in measures to take emotions out of your investment, which a combination of techniques help to reinforce those kinds of HODLer ideas.  So if we are keeping sound practices in which we might stock up and prepare for up with a bit of front loading and then regularly DCA and maybe keep some extra funds for buying on the dip, building our emergency fund and with the passage of time our systems are tested and the maintaining of the balance and building of the balance reinforces the HODLer mentality - even though there can be challenging times to figure out how much to invest and how to invest and how much value to keep in reserves even if the BTC price might be dipping, there might already be a plan in place and some of the buying on the way down affects how much of a balance of cash that we continue to have in reserves t o be able to continue to buy more BTC.. which there might be some situations where we just have to HODL through situations that we run out of cash, we wait for our next paycheck to come in so that we can buy more, but we still might have to be careful NOT to overly spend,  especially if we had already been buying on dips and we are running out of money and the BTC price keeps dipping.

The more we go through these various challenges without panicking and while maintaining some kind of a budget concerning when to buy, these can all reinforce our conviction, even though sometimes we might be uncomfortable for periods in which we might have to just HODL through it.. since we might have already made our buys and we ONLY have so much money that we can buy with at any particular price point and also over any particular point of time.. absent figuring out if there might be ways to earn more money during such times..


The above bolded statement comes off as a bit contradictory, yet I can see that sometimes people will be lacking confidence in regards to whether they have created an appropriate target, including having enough of a price cushion in order to be able to live off of the money, for example.

We likely realize that there are so many fiat investments that do not seem to work out very well, and part of the reason for their not working out has to do with the ongoing, persistent and consistent debasing of the dollar (and other fiat currencies).

Personally, I believe that if we are valuing our BTC in accordance with the 200-week moving average, then we are more likely going to be able to set more realistic goals as compared with our getting caught upon BTC price spices and the various uncertainties that come from trying to figure out the various price waves.  My sustainable withdrawal proposals and my attempts at measuring entry-level fuck you status relates to value foundations based on using the 200-week moving average.


You are kind of contradicting yourself.  Wealthy people might not need bitcoin to get rich because they are already rich, but they may end up needing to get some bitocin to stay rich, otherwise they are likely going to fall behind since we seem to be likely in the midst of one of the largest wealth transfers (if not the largest) ever, so people who do not have bitcoin will be transferring their  wealth to the people who have bitcoin, and if the people who have bitcoin are poor, then they have to figure out how to make sure that they mostly hang onto their bitcoin during this process...

and yeah, rich people have advantages over poor people, but who is rich and how richness is defined is in the process of changing and will likely continue to stay in the process of changing while the no coiners figure out that they likely should get some coins or else run the risk of not being able to hang onto whatever wealth status that they had previously had... and yeah it likely is going to take quite a bit of time for all of this to play out and we are still early, so there are still possibilities for a lot of poor people to do well as long as they identify bitcoin as the solution and they figure out ways to accumulate bitcoin without either losing it or putting their own BTC holdings at too much risk by engaging in unnecessary risky behaviors.

During Bitcoin accumulation, we should be able and totally willing to invoke the spirit of discipline and consistency when making use of the DCA technique. DCAING requires a lot of determination to get the expected result and it doesn't just happen on a platter of Gold, the mindset must be in conjunction to what was planned not forfeiting any slated date for investing or deciding to alter the process in order to enjoy pleasures.


Before investing, DCAING in particular a person should already have a well descent job that can help with personal expenses meeting up with cost of living and keeping aside funds incase of emergency, we should first prioritize the concept of not investing when not financially buoyant to be able meeting up with life challenges, it will only lead to altering investment portfolio.


Why alter investment portfolio so soon when having a lot to spend outside of that but not necessary a good excuse as to why average income earners should not hold for a long term because it Is primarily based on the mindset and determination even the rich can not hold for long if lacking such attributes of holding longer.

Show me an investor without targets and goals and i will show you an investor that will surely lose in his investment. We have small and big investors in bitcoin investment. The big investors are the investors that can afford to buy a whole of bitcoin, so if they buy one or more bitcoins, they focus more on protecting their portfolios by avoiding significant risk to make profit. While for the small investors their focus is to accumulate as much, they can within a schedule time frame that they gave themselves and they will be more affected if they carelessly take any risk of selling little or trading with their portfolio. Any loss they experience will cost them a lot and will extend their targeted period.

What am saying in conclusion is that the wealthy people don't need Bitcoin to get rich. And they probably don't focus on setting a target for investment. But they are masters when it comes to long term investment. There main intentions are to buy enough bitcoin so that they can maintain their level of wealth or double it no matter what happens.

It will turn into a must if you really have good intentions and seriousness in the accumulation that you want to run, anyone always wants bitcoin and the only way for you to be able to get or increase the amount of bitcoin then obviously you need to maintain the following planning as well as the consistency of the allocation of money on your bitcoin accumulation. On the other hand, yes I understand that not everyone is able to do it because there are quite a lot of factors that can make you experience delays and one of them is like what you said where finances are always a problem for most people who end up experiencing delays.

Although investing is basically a choice but not everyone can choose to do it and as I said above that they really need to change something in their finances one of which is by adding a part-time job to increase income, although investing can be very profitable when you succeed but it is not the right decision if you basically prioritize investing over budgeting to meet daily needs because after all your life is more important, and one way if you really want to get involved is obviously by improving financial strength, if everything already looks balanced in the sense that you don't have a problem even if you share some of your money on other things like bitcoin then obviously you can start getting more serious in accumulation.