Topic: Buy the DIP, and HODL! - page 322. (Read 123703 times)

Sir I really do appreciate your effort in explaining this to me, I do feel there is a lot of practice I need to do in other to ask more in-depth questions 😊 and fully understand you better, and yes DCA would continue to be my best for now cause of the way I play around with it, it's so flexible and that's the reason I am able to understand some thing you teach, I can never neglect the place of emergency funds, reserves and floats cause just like DCA they are the backbone of every investment and are needed for our investment to reach a stage of maturity and expansion.
It is also true when you said about how I'm trying to rush things, but I also feel that I might not be feeling to well now because of my stach and hence want to accumulate more, but when my investment has gotten to 2-3 years of income allocated I would definitely start to feel good about, sharing your testimonial and how I've seen other people feel good about their holdings makes me want to even hold better and I can only say for now..... DCA would ever remain my beat strategy.

I agree that it is good to learn those various areas, yet at the same time they can be learned as you go rather than prior to getting started.  Anyone can get started investing into bitcoin with bare minimum knowledge, and they can invest $10 per week while they figure out more specifics, including honing in on their own budget and financial management.  

Now off the top of their head, even if they are not very good at finances, most people have ballpark ideas about whether they can afford $10 per week or not.  Now they might not know how to manage their budget, and they might have a lot of debt and they might be having emergencies every month or maybe several times a year because they are not sufficiently spending lower than their income and/or keeping track of their cashflow versus expenses.. .but these are things that people can improve, even while starting to invest into bitcoin.

Now if they are not exactly clear about the level of their disposable income, they may need to get  more specific ideas prior to starting to invest more aggressively into bitcoin, such as increasing their investment to $100 per week or performing a lump sum investment of $5k... so the more aggressive that they choose to be, then the more they are going to need to know, and also if they build up their investment amount, then the more that they have invested, the more they could end up getting tempted to cash out at the wrong times or to engage in gambling behaviors rather than investing behaviors.. so most people can learn those kinds of things as they go, even though sometimes they are their worse enemy by doing before knowing.. so if the amounts are small enough, then it might not make a BIG difference, so that would mean that they have their risk management under control by not investing very much, but they may fail to realize their potential because they are not being as aggressive as they could be, including likely needs to pay attention to their whole cashflow situation and to make sure that they are spending reasonably within their discretionary income while maintaining some kind of an emergency fund, float and reserves. which becomes even more important as the investment into bitcoin grows. including accounting for the price changes that bitcoin can go through during the period in which someone is starting to invest into it.


Well the post that you quoted has a link contained in it:

>>>>which truly are the kinds of things I try to argue within my sustainable withdrawal framework.<<<<

so it may be more appropriate to talk about those kinds of questions within that thread rather than here, but the basic idea is that once we reach high enough levels of BTC accumulation, then we might start to feel that we are in a position to either just stop accumulating.. or we might move into the employment of various withdrawal frameworks that might be price based or they might be time based, and there are likely ways to construct the withdrawal approaches in such a way that you can start to live off of your BTC and perhaps not even needing to buy anymore BTC.. yet at the same time, part of the question would depend upon how much is enough, and have you structured your withdrawal in such a way that it won't deplete the quantity of BTC at a rate that is higher than its growth.  

For example, if we use the 200-week moving average as a way to measure the value of our BTC holdings, then we can see that historically (up until now), the 200 WMA has never increased less than 20% annualized, even though it's worst performance, so far was between June 2022 and November 2023 (and you can see that in my entry-level fuck you status chart), so it is not guaranteed that the 200-week moving average will continue to go up at least at the same rate as it has historically, the 200-WMA is also a delayed indicator, so there do seem to be ways to use it to our advantage, and even part of my theory that BTC may well be able to retain a higher withdrawal rate (6% to 10%) than traditional investments (which are usually at 4% annually), but if we are still concerned about the growth and/or maintenance of our BTC, then we might want to stick with a 4% withdrawal rate and to continue to allow our BTC value grow until maybe we might start to feel like increasing to a more aggressive rate.. perhaps gradually increasing the rate and monitoring the extent to which our BTC is sufficiently holding its value with our employed withdrawal rate.

Of course in this thread we are focusing on BTC accumulation, even though we likely have some ideas of target levels that we would like to reach, but we still might not have confidence in terms of how much we think that we need, so a lot of times, if we know that we are a long way from reaching our BTC accumulation target level, we continue to push in the direction of getting to a high enough level so that maybe later down the road, we might also start to be able to use BTC as a source of income, rather than spending it all at once - which is also a potential legitimate goal, but probably not as empowering as having an ability to continue to hold onto a lot of our coins and just to cash out little by little and continue to enjoy the benefits of compounding and exponential growth that is likely to continue to happen with bitcoin so that we may also may be preferring to spend from other sources of income prior to spending our BTC, even though our BTC could supplement any other sources of income that we might have at the time that we might start to withdraw value from our bitcoin holdings.

From the way I see it, it seems anyone could invest in bitcoin for any reason of their choice whether I would be as lame as trying to use the moni for a luxury trip or even going sky diving, and from the way I feel I could set a goal that would motivate me to even invest and hold more, liek buying my favourite house or even oweing a mega hair salon, I used to thi k it was limited to a certain kind of goals, since you know we are talking about investment, so I was expecting some strict reason to do it. But now I feel more free around my investment.

Wow that's new,  Do you mind explaining what sustainable withdrawal framework is?

Of course, you could invest for a specific purpose (something that you would like to buy at some point in the future), or you could invest in order to have an income stream that you could draw upon in the future, whether it be to completely support your lifestyle or if it might be used to supplement your already existing income.  There could be goals to stop working or there could be goals to be able to choose the kind of work that you would like to do. Money and/or an income stream has the potential of increasing quite a few options and even over a long time horizon, especially if you manage it well, which truly are the kinds of things I try to argue within my sustainable withdrawal framework.


You can approach your strategy in such a way that it attempts to prepare you for a variety of scenarios, and part of your preparations would have to do with your position size and how much you might be holding back and keeping in your emergency fund, your reserves and your float, and sure after you have built bitcoin to a certain size of let's say 1-2 years of your annual expenses, then you might start to invest in other things too.. and no one can really say what might be good investments for you besides bitcoin and cash, and if you are not really sure about it, then perhaps you would not need to make any adjustments - even though at some point you might start to feel that you have too many eggs in one basket, so you might feel that you need to research into the matter of figuring out how you might invest in some other kinds of ways, and hopefully balancing your supplemental behavior sufficiently in order to not get distracted into something that might ONLY need a 5-10 allocation. that might even take you several months or even several years to build a position in some areas that are meant to supplement your BTC and cash holdings... For example, you might start to think that you have to hold so much cash and maybe you should put some of that cash to work in other kinds of things, whether equities, properties, commodities, bonds, or something else.. and i am not referring to shitcoins, even though some people might consider something that seems shitcoin related as a place to put some value.. hopefully no more than 10% of their bitcoin holdings..
 

 Of course, if you prepare for several scenarios, but then something other than your preparation ends up happening, then you are going to feel disappointed that you were not financially and/or psychologically prepared for such scenario... . so personally, I am not saying to put a lot of effort into your preparations for every possible scenario, but sometimes some ways that you prepare could actually end up simultaneously preparing you for several kinds of scenarios. .. and yeah, sometimes you have to go through some of the scenarios or to go through some of the preparations in order to some of the ideas to make sense because sometimes preparing in the hypothetical does not really make as much sense until after you might have taken some action and interaction and specifically witnessed how some of your balancing is going...

So for example, if you speculate that after a year in bitcoin, you would have invested $5k into bitcoin and $5k into your emergency fund, reserves and float, and so after the year goes by you can review your various actions month by month and you can see how much you were able to accomplish.  Were there some shortfalls? were there some windfalls? Did you make some mistakes?  Should you make some adjustments?  Have your conditions changed in terms of your income and expenses and how does your investment into the various parts of you investment portfolio affect your comfort level.  Are you going to do the same thing the next year or are you going to make some adjustments.

Let's say in year two you decide that you are going to keep your emergency fund, your reserves and your float between $4k and $7k, so there are ways that you can play around with that, but since you are already within your target range, maybe the next year you end up investing nearly $10k into bitcoin and then at the end of the year your emergency fund, your reserves and your float is close to  $6k.. and you figure that even though you have build the overall amount in both sides of your investment fund, but you can see that your BTC has gone up and down in value.. and maybe it could have even ended up going up several times.. but how much it goes up or down could affect your strategy too... but then you realize that through the year your emergency fund moved between $3k and $5k, your reserves moved between $0 and $3.5k and your float also moved between $0 and $4k.. so you might even see at that at certain times of the month you had total balances of funds that was close to $8.5k  but that was usually after getting paid and then there were certain low points every month too.. and sometimes you were down to around $4.5k. so you can see patterns.. and you can see how your bitcoin holdings did too.

Maybe after assessing your portfolio each year for 5 years, then you get to year 5 and you see that you ended up investing close to $50k into bitcoin, but maybe the value of your bitcoin had been as high as 5x higher than your investment amount and other times it had been in the negative and maybe it is 3.5X higher at the end of the 5 years, and you look at its value in terms of the 200-week moving average and you compare the 200 week moving average to the spot price... surely we would not be speculating that you had been able to accumulate a whole bitcoin in ONLY 5 years, so maybe you had only accumulated a bit more than 0.5BTC, and also during that whole 5 year period, you had continued to play around with your emergency fund, your reserves and your float, and you consider that you had fluctuations between $4k and $12k in those funds... but you end the 5 year period with your emergency fund, your reserves and your float that are around $7k.

In the end, specifically what happened in various parts of your funds and how you handle those happenings can not only be tests for you, but also inform you regarding how to proceed and maybe to correct some of the mistakes that you made in the process.. and it is difficult to really know in advance, even if you had projected a variety of possible ways that these matters can go, the actual specifics in performance in regards to where you are at at any time that you are making adjustments to your plans can also make differences in regards to what is reasonable to do.  And, yeah, maybe I painted a rosy picture, but you had ended up making some fairly BIG mistakes at various points, and maybe your own particulars end up not looking as good as how I had outlined your particulars to be.

Some specific actions can sometimes make pretty big differences  in outcome, and sometimes you don't realize at the time, so for example, if you had some kind of an event or "opportunity" along the way, so you decided to sell some of your BTC in order to take advantage of a "business opportunity," and sure the investment could have worked out or it might have caused a lot of your potential progress to end up going down the drain, and we are not necessarily going to know in advance regarding how you are going to deal with various choices and whether your actions are going to end up improving your performance or making your performance worse, and really if you are saying that you just want a successful life then maybe we might not be able to measure your progress at year 5 and we have to see how some of this plays out at year 12 or year 16... to see where you are at at that time... even though you can  make various assessments along the way that are based on specifics regarding what you are doing, and various things happening in the markets and also things happening with your income, expenses and your investment choices.


So far they have occurred, so they should be accounted for, but they are not guaranteed to continue... but you might feel pretty dumb if you made plans that did not even account for them continuing to occur. .and personally I consider them to be one of the most important things in bitcoin, especially since 2018/2019 these have been framed as 1) stock to flow, 2) 4-year fractal and 3) exponential s-curve adoption based on Metcalfe principles and network effects (as outlined by Trace Mayer)


Even if you invest a small amount, you might feel that you are missing out on having some fun... and those are some of the trade offs in regard to investing and part of the reason that so many folks fail/refuse to save/invest because they have trouble delaying some of their gratification.  It is tempting to spend money when you have it rather than setting it asside for extended periods of time, and that is also one of the reasons that even if people invest, they still fail/refuse to put themselves into a situation in which they are able to profit from the compounding and exponential effect.. because they end up cashing out too much too soon because they cannot help themselves when they want to buy that new car, go on that vacation, buy that nice house, invest in that business.. etc etc etc.


Sounds like you understand the idea, so it is a matter of putting theory to practice and trying to have fun with it, even though it can take a long time to play out, it can be fun too.

Think of the guy who invested $7.9k between 2018 and 2020 (investing $50 per week), he might have had felt kind of bad during 2018 and even into 2019 and even during parts of early 2020 he felt pretty bad during the March 2020 crash..

So by the end of 2020 he had accumulated a whole BTC, and he started to feel really great during 2021, but maybe not so great during 2022, but during 2023 and into early 2024 he is feeling pretty damned good again, and even if he continued to invest at the same $50 per week rate during the whole time and maybe in the second 3 years he only accumulated 1/3 of a bitcoin but he is currently at 1.34175 BTC with nearly $16k invested, so he is feeling pretty good about all of it, and sure maybe he was not consistently $50 per week, so if his specific performance had varied from what he could have had gotten in employing a DCA strategy, then maybe he needs to reconsider if he should change his strategy - however at the same time, if he feels that he is on a good path, he might just keep with $50 per week or maybe he might feel that he is doing well enough in his investment he might want to increase his weekly amount to $100 per week or some higher amount, even though he probably would have had been better to increase earlier on, but sometimes people will kind of just get caught in a pattern and even some people use automatic weekly buys rather than doing them manually, and either way has its advantages and disadvantages, my personal preference is manually in order to engage with and to monitor my investment more, but some people don't want to (or can't) have that much involvement with their investments..

Also depends on how they understand the situation since if they don't know everything and just buy because the price of bitcoin dumped then there's still a huge chance for them to lose since maybe the situation has not done yet and there would mo more dump to come. This is why we should know how to asses the situation and now how to read the chart since this is important thing we need to have to know and get into better position.

A trader must know how to do technical analysis for their own and they don't rely on hype so that they can potentially earn and not guessing base on situation. It can really frustrate us if we lose that's why we must be smart on each decisions we do.

IMO opinion. DCA would continue to be the best strategy for beginners because it does not require much explanation to understand, nor does it require any experience to be successful; all I have to do is divide my allocated amount for investment into parts and set an investment interval that works for me.
When I first started utilizing DCA, I didn't even have a consistent source of income. What I used to do was accumulate my money throughout the month and then assign some amount to DCA. I'd set the interval so that before that amount would be exhausted I would have gotten new income to invest again.
DCA, Its stress free, its comfortable , its every beginners choice.

Understanding, investment objectives, strategy, correct mindset, budget sources, time frames and investment and financial management are some of the interesting points that a potential investor needs to have. You won't necessarily be able to invest safely without sufficient knowledge, and you won't get a commensurate return if you don't have a goal for what you invest.

The basic concepts certainly need to be learned regardless of whether they are beginner investors or experienced investors. However, the difference is that both of them have different experiences and knowledge for this asset whose value fluctuates. The success of an investor depends on how they have understanding, strategy, financial management, investment management and risk control, so all of this must really be learned in order to be successful in investing.

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

Sir what you've said is true, cause as I myself Continue to put to practice what you've taught I find out that at the end of the day I can only make decisions based on myself and despite the information and advice we get here only we ourselves can know what can work and would not.

Yes and we can't know everything from before we start until we have started and then those real experienced questions can be asked,  trying to figure out everything before starting would just cost you time and you might end up knowing nothing at all cause you haven't practiced, especially thigns like figuring out the best allocation to invest in bitcoin and the size of emergency funds we need to build. I'll say the best way to grow here is by practical and actually been involved I the journey as a holder, I've not even figured out what to use my holdings for when I've reached my 20 years target or why I am even doing this, but I'm just enjoying the learning process.


I think the best way for me to back up such a whimpy plan is to have another senerio that I would also invest in or put efforts in as you said if things go sideways, if I could remember correctly in your recent contributions here you once said something about putting our efforts in terms of odds of a senerio actually occurring and put our efforts likewise, like if it has a 1% chance of happening we also put 1% effort towards it, so we could take actions that are proportional to the possibility of thigns that could happen In a particular frame, so since in my case I'm think of front loading with expectations of a bullish that i feel would occur anytime soon, which might or may not happen, since we have known that everything happens based on probability.  

And this senerios I would be making this time are based on facts instead of my normal assumption senerio where I'm just preparing ahead of what might happen in the market, but since I'm still an early investor knowing my major aim is to accumulate more bitcoin than anything else, yet I just still feel taking advantage of the possibility that thigns might go bullish is not such a bad idea, but to be safe an not to FOMO I should have another senerio that would be backed by facts like the 2 more ups and 1 more down, but I think I have to take some time to learn about this first.

And also before now I didn't actually consider thigns like 4 year cycle history or bitcoin occurrence, and I think these are things I should consider too, and also keeping in mind that they are also possibility that they could reoccur and I can make senerio around them too.

I think anyone could build this up a little by chunking down our Monthly expenses more, I've tried living on a budget, but the only Pitfall is I have to retain myself for some enjoyment just to meet up with my investment


I agree with you, investing in bitcoin is not rocket science, even an uneducated person can do it and still be successful, its all about your ability to hold without selling out earlier or cause not panic, and that's why we need to know how to keep ourselves from such situations by building ourselves in a way that touching our bitcoin holdings is not an option and accumulating untill we have reaches the time we set before we maybe start adding more strategies.

Bitcoin is for all, but not everyone is permitted to engage on doing what is nastic that might caused him the loss of assets when he's not sure of what he's doing, many of the people you discover today making complaints on loss of assets due to some reason were part of those found under this category, it is very simple, if you must use bitcoin, then learn to understand how.


Buying is as simple as drinking a cup of water, nothing is difficult in that, the same way those that lack the knowledge about bitcoin will finds it very easy to loose their bitcoin 2jen they just buy and have no idea on what next, before and after.


Not your keys not your coins, maintain a good security and privacy.

Bitcoin investment and hodling is for all both the knowledgeable, semi knowledgeable and those who are not very knowledgeable. Provided you know how to buy bitcoin from a cex or Dex and also know that you are to keep your wallet key private, then you are good to go. What is important in bitcoin investment is just following the established principles that are required to successfully hold your bitcoin for the number of years you intend holding. There is no special knowledge needed to own a bitcoin, as you are not feeding the bitcoin or solve any mathematical problems before holding bitcoin. Buying and holding bitcoin is not a rock science that only genius can do, it is open to all. What is important is the ability to hold your bitcoin for long.

Yeah you are right sir as someone who is new into Bitcoin it will be of a great importance for him by paying attention to study the investment very well because through the study he may figure out other strategies that will be of great beneficial to his Bitcoin accumulation but however I believe that is always advisable for someone who is new on Bitcoin to start accumulating Bitcoin while he is learning about Bitcoin because the reason why I'm saying that is because most people are normally propelled or attracted the more when they are seeing the practical aspects of what they are learning because with that method there mindset and perception on Bitcoin will be improved and perhaps the person could start with any amount that would be suitable for him, even if is $5 or $10 weekly he could start from there maybe as time goes by he could decide to increase his accumulation amount depending on his investment portfolio.


Perhaps you could be right because so many investors especially the new ones always have the fear of losing out of the market, which has regularly affected so many investors because they believe that with the potential of Bitcoin the only way they could enjoy there investment is by putting everything they have and along the line they get affected. So perhaps coming to know about DCA strategy became a game changer for them because they were able learn about ways they could keep investing on Bitcoin on a regular basis with free of easily getting in trouble on the process.


I agree with you because Media has been one of the factors that has affected so many new investors mindset do to wrong information about Bitcoin because the reason why it affects most investors is that as people who doesn't really no much about Bitcoin they tend to ask questions and also go to media to no more about Bitcoin and if perhaps they got a very wrong information about Bitcoin investment from the site it normally influences there judgment on Bitcoin, that's why is mostly encouraged for most people who are new into Bitcoin to focus on there accumulation of Bitcoin and remove there mindset from media.

 Every dip is an opportunity for every investors, but it all depend how was the situation affect your deliberation to acquire enough profits. It is too risky to decide, but we have to take the risk if we are aiming to earn enormous profits. Don't be doubtful for every decision you have take, it is about a strategy you created, if you want to earn then spend time to keep holding and if you are doubtful then do not invest, it may frustrate you and lose you as well.

I have discussed such topics before :- https://bitcointalksearch.org/topic/m.63566680

Of course, we should not invest the entire fund, problems may arise at any time, and leave some cash to solve those problems. Because bitcoin holdings must be for the long term. If you sell your Bitcoin holdings because you don't have an emergency fund in place, you could lose more. It is best to invest in DCA method. If he invests 10 to 20% of his income every month in Bitcoin by DCA method, he can easily fulfill his dream. So then, you never have to close your Bitcoin holdings and you can solve your emergency problems and live very well.

I like your investment strategy but invest 25% of annual income and that investment amount is very minimum, I think the targeted DCA strategy might be 10-15% of the accumulated price of wealth, the DCA target estimate will be achieved in 2-3 years, I have implemented that strategy for personal purposes and I have reduced savings to increase assets. I think it is worth sharing with other investors if you want to hold large amounts of assets for the target of profit accumulation when the market reaches ATH.


Some people implement wrong management in financial budgeting so that they prioritize spending/discretionary funds without increasing the allocation of funds for savings and investment, they will not have high assets for their crypto portfolio because they do not focus on future asset profits and they will realize mismanagement finances when the crypto market has reached ATH, the main mistake factor is because they are not sure about investing in crypto and they are too afraid of losses from market corrections, another influencing factor is that monthly income is still low so they do not allocate funds for savings and investment. The solution to this problem must be to increase they must increase their monthly income from other jobs and they must start making small savings consistently from their monthly income, if they are used to budgeting funds for savings then they will look for other solutions to grow the value of investing in bitcoin.

This thread does not support investment in altcoins. I have told you before to read the comments that are posted here so you will know how to communicate here freely without spamming this thread. Investing in altcoins is not a wise choice to make as a newbie because you will lose all your funds to scammers who will develop a pump-and-dump token just to scam. As a newbie, you can invest in bitcoin with the DCA strategy at regular intervals, and the DCA strategy will help control the volatility of bitcoin in your bitcoin investment. For instance, if you buy your first bitcoin when the bitcoin price is $40k and the second at $42k. If the Bitcoin price dips to $39k, the one you bought at $40k will make up for the one you bought at $42k, and you will not be at a great loss.

Not that the people who run the mainstream media don't have faith in bitcoin. You have to understand that those Media houses are doing their business and the more they criticize bitcoin the more traffic they generate in their channel. This is a well calculated moves and they know what they are doing. You know most of the world population don't have bitcoin yet and many don't even believe in bitcoin and they are looking for every negative news about bitcoin so they can comment and share their negative views. Most of these negative news are sponsored buy some whales who wants newbies and weaker hands to sell off their bitcoins so they can buy cheaply. It is left for you as a hodler to quickly understand these tricks that they usually use the media houses to manipulate the market.

Basically, this is one of the advantages that the DCA strategy has, as we know that DCA is a strategy that makes it easier for all individuals involved in bitcoin investment especially for those beginners who have just come, lack of understanding and experience is always the cause of delays as you said and this is the reason why the DCA strategy exists to make it easier for everyone who wants to invest without having to wait to gain a lot of experience because obviously it will take a lot of their time, But I am not saying that you don't have to learn, the point is that you can start investing in bitcoin by using the DCA strategy and on the other hand you should also gradually learn about the world of investment because after all having knowledge will make it easier. As you said that bitcoin will continue to grow and there is no stagnation in terms of the nature or habits of the market, meaning that there will be a delay that is not really needed because there is already a DCA that can overcome this.

Therefore, as the main point in our statement above that it is better to start investing as early as possible because there is a DCA that we can use and take advantage of and as I said above that in addition we run the accumulation of course on the other hand we also have to learn while learning to increase knowledge and experience so that over time we can experience improvements and changes for the better until we can achieve the main goal of consistent profits, but on the other hand the advice is still that we should not ignore some important things such as risk management so that we can stay safe on the journey.

We understand how difficult it is for newbies to make decisions because we too were once newbies. Courage is the most important thing in investing, if an investor starts his investment without courage, it will never become an investment. Those who know about investment and those who are interested in investing should dare to start their own investment. Not only in investing but also in many other fields I have had such practical experience that a little bit of courage has helped me to do my entire job well.

I was afraid to travel by sea even though I knew how to swim and I always used to travel by sea but my personal needs one day made it a necessity for me to travel by sea. At that time I was afraid but I decided to go by sea with a bit of courage in my mind and since the first time I took a bit of courage to go by sea it has become a very easy thing for me. Now I don't need to think about going by sea, I go by sea without hesitation. That is, if I hadn't made the bold decision the first time, I would have been afraid to set sail by now. Similarly there are investors who are going to start investing but haven't started investing yet they will initially fear that something bad might happen to them if they invest money. But if they start investing with the amount of money they have with a little bit of courage, then the different ideas they have towards investment will disappear and they will be able to easily adopt the investment.

I don't think people who are currently investing in Bitcoin think the current price of Bitcoin is expensive because if they thought the current price was expensive they wouldn't have invested. But your assumption is correct that there are many investors who are considering the current price as the maximum value and those investors are not investing now. I agree with you that no matter what price condition we invest in we can never assume that we are investing during the peak price and the market is unlikely to rise from this time. We can't have such an idea at all but we can have an idea that we are investing consistently and at the end of certain period this investment will definitely give us something good. Since our plan is to always hold bitcoins deeply, we will only buy and hold bitcoins, which is the most efficient way to invest.

When investors invest in the initial stage, they have a target level that they will hold the investment for a certain period of time, while there are some investors who only want to hold bitcoins deeply, in this case they do not have a fixed time frame. The initial few months after investing in Bitcoin are the most challenging for an investor and investors who are able to hold onto their investments during that time will definitely hold their investments deep. If the investor can hold his investment for one year in the initial stage and he can invest continuously for this one year then he will understand the fun of investment and he will hold his investment for a longer period later. Since there are some simple investment strategies, investors can now comfortably hold their investments and continue to hold them for a long time.

I can tell you for a fact that Knowledge is not all you need to hold Bitcoin. You will be surprised to know that most experts and tech savvy guys are not holding large chunk of Bitcoin, not that they did not meet Bitcoin early but their vision is just as limited as those of others who do not have the expert knowledge they have. What is needed to invest in Bitcoin is just the basic knowledge and not expert knowledge like many people think. However, expert knowledge is good but it does not guarantee that it will make someone invest in and hold Bitcoin better.

I agree with you, the mainstream media is basically run by people who do not have faith in Bitcoin. The have this special way of amplifying the risk associated with investment in Bitcoin, it will really be difficult to be active listener of those headlines and still have confidence in holding Bitcoin for a long term. Well, since I started the DCA method, I'm no longer bothered by those news because I have done my own research and drew my conclusion about Bitcoin which have proven those experts wrong on several occasions.