Topic: Buy the DIP, and HODL! - page 332. (Read 108583 times)

To hell with shitcoin as it isn't sustainable, all our focused is on bitcoin as it is the most volatile asset to invest on against the upcoming bull market so I can't see a crypto that's gaining dominance like Bitcoin then I discard investing in it to any damn fucking shitcoin. The volatility of bitcoins will give you a good sense of where you ought to channel all your investment for the upcoming halving so the goal is to keep buying and holdling as much bitcoins as one can be able to afford.


What results can shitcoins possibly show you that will supersede the results that we've have seen in Bitcoin so far, our concern should gear towards achieving an overwhelming ATH in Bitcoin unlike some altcoin and shitcoins that it sustainability is very minimal. Now take a look at the current price movement of Bitcoin right now, doesn't it ring a bell to you on what will be ahead of the upcoming year?

I personally believe that 2% is too extreme, and many people will not even be able to comply with limiting to less than 10%, and sure I personally only have around less than 0.5% of my "crypto" holdings that are in shitcoins, but there were times when even I had more than 2% in shitcoins, including when B-cash was being issued, and it took me several months to get out of my b-cash position, but part of the matter dealt with technically trying to figure out how to claim them.. but surely I had some other shitcoins.. but really much of the time they were only 1% or 2%, but then maybe it has to do with other matters too.. and let's say that a guy has a $100k investment portfolio and so he has around $15k in bitcoin.. so a pretty aggressive position of 15% in bitcoin, and so I am suggesting that he could have up to $1,500 in shitcoins, and you are suggesting that he should ONLY have up to $300 in shitcoins.

I still think that they are going to have trouble staying below 10%..and so maybe even less is better, and I have no problem with that... but I think that 10% is more realistic and workable..  

I say the same thing about any trading that anyone should do, and I say to limit such trading to 10% of the size of your bitcoin account.  I do kind of believe that shitcoin and trading overlaps, but there may even be some degenerates who have 10% in shitcoins and 10% of their bitcoin that they are trading, so then that bings them up to 20% of their BTC holdings into two different kinds of degeneracy... it sounds a bit to much to both you and me, but at the same time, it is way better than some of the folks who claim that they are in bitcoin and have less than 50% into actually holding bitcoin, and surely there are even worse than that.. and then maybe they wonder why they end up getting quite scatter-brained and probably have very difficult to follow and meandering ideas in regards to what they are supposedly doing with their "investments."


Well are they going to be damaged very much if they have no more than 10% in there as I suggest or no more than 2% as you suggest?  After they lose their money, then that money likely has to stay on the books for a while before they are able to put another 10% into shitcoins.

So let's say like in my earlier example, they had $1,500 into shticoins and maybe they had $15k into bitcoin... so I am not sure how long they might have to wait to be able to put more money into shitcoins.. perhaps they could put 10% of any new money into shitcoins, so if the person bought another $5k worth of bitcoin over the next year, then he would be able to invest $500 into shitcoins.. to the extent that he did not learn his lesson the first time around... but hey how these matters are calculated could have ways of investing higher than 10% and saying that he is ONLY investing 10%,, even though he lost the whole 10% the first time around.  In other words, these kinds of guys are going to want to take from the BTC profits and to put it into shitcoins... because they are going to feel that $500 is not enough.. even though he already lost $1,500.


Sure.. no problem.. but still how you going to guide people with "just say no to shitcoins.".. even though frequently I do say fuck shitcoins, but if you are going to do them, no more than 10% or the size of your bitcoin investment... and whatever, you can tell people whatever you like and I don't feel like I am encouraging them.. because I do also say stay away from shitcoins.. and also there are some people who are very poor.. like $10 per week or even some low amounts and they are wanting to divide to do part in bitcoin and part in shitcoins... so yeah.. are they going to listen?  I am not sure... I mostly think that they won't but it is better to say something than not to say anything at all.. even though some people are not even going to be receptive to listening anyhow.. so they might even be more of a lost cause and just have to learn through their experiences.


Why you pumping shitcoins here.  Fuck shitcoin.  Why don't you go to some other thread if you want to talk about which shitcoins that you want to get into because some of them from your point of view are less shitty than other shitcoins.


You are contradicting yourself.  Yeah, sure shitcoins are meant for selling, but you are also suggesting to buy them.. so you are in the wrong place exploring those kinds of ideas.


Again.. Fuck shitcoins.  Take your promotoin of that kind of nonsense somewhere else (there are shitcoin threads).  but this is not one of them. .we ONLY talk about shitcoins here in order to bash them or discourage them, not to take them anywhere close to seriously as any kind of thread-related strategy.. .

Eventhough shitcoin market is risky still there's good profit to be taken there so its still good suggestion to invest there especially right now we are almost heading at bullish market condition so most provably shitcoins will do a good run. But we also make sure to ourselve that we have plan to be done and never hold those type of token and sell when its perfect time to sell since this is what shitcoin all about.

For hodl its automatic bitcoin is always good for that since this is really the most ideal coin to do and as I said bullish season is coming up so for sure there's more price action to come then this could give a lot of profit to the people who believe on bitcoin at the cheapest price it dip for past couple of months.

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Not even better maybe it's only about 2% for shitcoins of their BTC holdings. But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?


Sharing can help each of us to teach and to learn, so we can learn from our own description of our approaches and/or to describe some of our ideas, even if we might end up talking in terms of hypotheticals or percentages rather than disclosing too many specifics regarding our own particulars.

A new person into bitcoin might not even know for sure how long that s/he is going to stay in bitcoin, but there might be some kind of a framework of at least 4 years or maybe aiming for 10 years or more, and at the same time, if there might be accumulation goals in the beginning several years, then the rate of your accumulation might also help to inform you more about how you might consider to change your strategies after maybe having a decent stake in BTC, whether it is some percentage of your overall investment portfolio or if you don't have any other investments, then maybe you would measure the size of your bitcoin holdings in light of how many years of income/expenses that it might constitute.. and if it gets up to a certain number of years, such as 20-30 years, then you likely could end up putting yourself into a place in which you don't have to work anymore and you can just live off of the proceeds of your bitcoin investment... but it could take a long time to get to those kinds of levels, and not everyone is very comfortable to speculate out that far including knowing that many obstacles could be between just starting out and getting to points in which you start to believe that maybe you could either start to sell some of your BTC or maybe you don't really need to accumulate more BTC, yet you still have BTC as part of your overall wealth and various options that you have if you want to make changes in the kinds of work that you do (or don't do) and other kinds of consumption or investment activities that you might choose.


We are not talking about crypto or shitcoins in this thread.  So if you meant to use the word bitcoin, then you would at least be on topic.

Why would you use any word other than bitcoin?   Because you somehow believe bitcoin and crypto are the same thing, or close to the same thing.. or maybe you were just trying to sound smarter.. but in fact you don't sound smarter when you use the word crypto when you are describing something that ONLY works with bitcoin or any kind of an asset that you are able to assess as an investable asset.. which means that it has  decently good odds of going up in value and having various strong fundamental attributes  that make it worth holding for the long term.. such as 4-10 years or longer.  Any of us should be able to make those kinds of long term assessments for bitcoin, but it is not presumptively true of any of the shitccoins.. and if you have some shitcoins that you believe fit in that category, then sure you could invest in that crap, but you should be talking about them in another thread because we are not talking about shitcoins here.


Those are not baseless conjectures, especially since they are non-zero.. but they are likely not worth focusing on.. even though they should be accounted for.. just like any of us who might be newer to bitcoin likely should be trying to be as aggressive as we can with our bitcoin investment, but not so aggressive that we end up losing some or all of our coins because we failed/refused to account for a variety of negative scenarios that could end up playing out that don't even require bitcoin to go to zero, even though it could go quite low and even stay quite low for years, and years and years.. so those kinds of scenarios should be accounted for, even if they are not the base case scenario in which bitcoin is likely going to be going up and those who are not prepared for UP are likely going to be missing out and too bad for them.

One of the greatnesses of bitcoin is many of us might well not even need to put a whole hell of a lot of bitcoin into bitcoin in order to have potentials to profit stupendously in the coming years, but at the same time profiting stupendously is not guaranteed and we should be able to both keep a lot of the possible scenarios in mind, to be able to prepare for a variety of scenarios both financially and psychologically while realizing that there are no guarantees that what we did is going to end up putting us in a place that we would like to be which likely may well be that having more options and that investing in bitcoin was better than not investing into  it. 

By the way, I frequently hear a statement that "bitcoin is going to win" blah blah blah.  From my perspective, bitcoin has already won, and it is just a matter of how much more it is going to continue winning.. and we can still be winners and winning, but still could end up suffering a lot of set backs along the way.. the concept of already won and likely continuing to win does not amount to everything being positive or that some battles are not taking place and also that there are also losers within bitcoin because they don't play their winning hand very well and they end up losing coins and doing other dumb stuff, even though they should realize that they are working with a winning hand already, especially if they already know about bitcoin and they already have been taking actions to make sure that they maintain a decently aggressive bitcoin allocation (without overdoing it, which is also possible).


When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

 and by the way, even with limiting themselves, there are responsible ways to limit yourself and there are less responsible ways.. so some people might agree to limit themselves to something like 10%. .and then when they keep drawing from bitcoin and other assets in order to get their stake back up to 10% into their shitcoin, they may well be engaging in a kind of cheating, but it is much easier to control such cheating if it is restricted to 10% rather than if they had some higher number such as 20% or even some people suggest 50% which is absolutely crazy in terms of both the amount but also in term of how able those gambling shitcoiners can end up in ongoingly cheating by tapping into the other and end up draining the value of everything even if they claimed that they had a 50/50 limit or whatever other bullshit.. so yeah, there may be a few smart people who can go beyond 10% and even show that they are able to make money, but that does not mean that the way that we speak to others should be in terms of a 10% limit. .and people are going to come to their own conclusions anyhow, which sure they are free to do it, but we are also free to continue to suggest a10% limit, even if they might be able to show us that they had been successful (monetarily) with their having had gone beyond the limit that we suggested to them.

Don't get it wrong JJG has already explained why that phrase in bold means below



Using the DCA method to accumulate bitcoin has a high advantage to increase your bitcoin portfolio fast as a newbie that just started her bitcoin journey compare to the other two strategy which is lump sum and buying at the dip. This is because it gives you the opportunity to buy bitcoin regular at different prices and as long as you are on a long term investment, it will also lower the risk attached to bitcoin investment. Just set an amount that will you will use to buy weekly, monthly or quarterly that will not affect your monthly expenses. Also set aside emergency funds and reserve funds so that you won't be tempted to sell your bitcoin when you face some financial challenges, as those funds will take take of whatever arises. If you have extra cash, you can save them for buying at the dip. You should start your bitcoin investment now and don't wait for the dip because nobody knows what will be the next movement of bitcoin price. The earlier you invest the best for you.

I had not even considered any altcoin for long-term investment before the case involving FTX, Luna Coin etc. Because I am quite aware that any altcoin will not be better than Bitcoin, so my long-term investment consideration is only for Bitcoin by applying the method that I have been using so far, namely DCA and I will continue to do this as long as I still have the desire and ability.

That's true and not wrong at all, but I think it's more suitable for you to say to newbies who have just entered the world of crypto or have just entered the market to buy whatever they want without considering which one is best. Because I'm quite sure that currently there are still many newbies who make mistakes in choosing which coin is the best to invest in so that the mistakes they have made can at least be reduced when someone gives them advice like this by considering major coins such as Bitcoin and try to ignore any altcoin to no longer invest in it, unless only to trade it in the short term.

I think a lot of you are associating too much risk to Bitcoin. In line with the caption of this thread,  our focus is long term investment and by that, things like volatility  does not apply because you are not day trading such that a spike might hit your stop loss.

I believe this notion of investing what one can afford to lose come from the fear that the price can drop so sharply; if this happens, how is it supposed to affect a long term holder when you know the price will always turn after the moment of down trend. Maybe most of those proposing investment of what one can lose are suggesting that the price of Bitcoin will get to zero someday or that Bitcoin might be banned globally thereby making it worthless. These are baseless conjectures in my opinion.

Of a truth patience matters in the life of an investor. As an investor, buying is not the problem but the ability to hold for a long term as planed that matters irrespective of the market down trend. Some investors can not be able to sustain that patience most times when the fud is on. They  feel they would lose or miss out. So in other not to miss out they sell in Panic without holding onto their initial plans.
Indeed a winner in the Crypto market is one who can buy and hold for a long time irrespective of the market trend and irregularities attached, they never give up their plans to holding for a long time till their target is met.

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

I do not know why some people do this in a forum where nobody knows your face, your plan can actually help someone who does not have their own plan, even if you do not want to disclose the whole plan, at least share some side so people can learn.

I was one of the people making this mistake prior before now, I never knew I was using the wrong approach. But when I started coming to this place I was taught a different approach which I have carefully analyzed and have come to realize that it is the best approach in Bitcoin accumulation. By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

Mate, there is no need to invest what you can afford to lose on something because there is a probability that the investment will be a failure one day, even though you invest with the money you can afford to lose and the investment doesn't yield out anything, you will be angry because you have already hope of making extra money from the investment. Also, it is best to invest with money you will not need for the long term so that if the investment does not yield profit quickly it will not affect your daily needs, and you can depend on other things that give your money to run your life.

The essence of holding bitcoin for long term is for you to make a profit, many people who hold a bitcoin knows the reason why they hold a bitcoin and their primary concern or primary objective of holding bitcoin is to make sure that they have profited in bitcoin more that they capital they use to invest or buy a bitcoin, so that is why investors concentrate on buying the market fall's, so it's better for you to learn the strategies of investment so that you will not be victim of losing your funds for investment of Bitcoin, the area of accumulating a bitcoin it's necessary and acknowledging for someone to accumulate a bitcoin but they look towards when the market in dip before they invest in bitcoin to accumulate it, when you said accumulation, it can some who buy bitcoin and hold for long-term and continue to buy more instead of selling the investment coin because of little bullrun, someone accumulate a coin have a duration and target of cashing out, so that is what I want some of us to understand

Everything requires a process and it's not easy for someone to become a true holder. Many investors have made mistakes on their investment journey by selling bitcoin early so the best teacher is the experience they go through. That's why we have to focus on our principles and goals in bitcoin investment. Don't necessarily just buy and sell when you're profitable, but look at the price movement which rises quite significantly in reaching a new ath which means they can make big profits if they are able to hold on longer.

There are many mistakes and everyone probably makes them but they are able to change not to repeat them in the new chapter of their Bitcoin investment. I mean they will slowly enter gradual purchases starting from $20 $100 until reaching $1k a purchase. In terms of a person's financial strength, no one knows that they can start from a small amount and increase it slowly with every purchase they make. Therefore you have to see that the long-term purchasing journey using DCA is quite good.

It seems to me that we are attempting to bat around what we believe to be the better of practices, so sometimes we give examples and describe what might be the better practices.  One of the difficulties is not to be able to determine for another person in terms of how much to allocate and how well s/he should examine his/her cashflow in order to assure how much discretionary income is left over after expenses and making sure that the emergency fund is correct.

So it seems that there are better practices,.. otherwise, if the situation was "just do whatever you like", then we probably would not be spending so much time batting around the various ideas and the various things that should be considered..


If we say some people, then we figure out that some people do all kinds of shit, and maybe that is why we either describe matters in terms of hypothetical or in terms of our own practices... Did you want to say what you are doing?  or just vaguely talk about what some people might be doing in a kind of theoretical way?..


O.k.. this is better.  So you are saying that once you get to a year's salaray accumulated, then you reassess how you might plan to go from there.  Nothing wrong with that.


ok... it is not a rule exactly, but assessing your own situation is a kind of recommendation of what to do, no?


You sound short sighted.. but still .. the idea about investment amount is to invest no more than you can afford to lose.. which largely just means make sure that you have your expenses covered, and that even if the investment dropped a lot you would not panic because you have already considered the possibility that it might drop...

Of course ultimately psychology comes partly from developing a practice in which you attempt to prepare for a variety of situations, so then you will already have a plan in place, and so hopefully you do not plan to panic... or lose money as Odohu mentioned.. but if you have already planned that they BTC price could go down from your entry point, then you could have had already established a plan to either buy more or hold through rather than sell... .. or maybe you would have some plans to sell under certain situation as you mentioned, but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone. .because some might not exactly disclose their plans and then others will change their plans when they end up panicking.

Mostly, FUCK TRADING, a Bitcoin trader is someone who doesn't have patience to hold his or her Bitcoin for dear life.

However, I don't think that those who want to get rich with a twinkle of an eye can hold Bitcoin for dear life (hold for 5 to 10 years). That is why many of them have been involved in Bitcoin trading. Why I don't like trading is because it is just another means of gambling.

Yea, it's true to invest what we can afford to lose, but that doesn't mean that even if you can afford to lose a million dollar box, you should put it into trading, as we may know that it is not an easy task for one to accumulate, UpTo 1 BTC, so there is no need to trade the little Bitcoin that you have as you can't gain UpTo 1 BTC or a half BTC from trading.

With patient, accumulating and holding, you can get up to 1 or a half Bitcoin only if you are so serious about achieving it, but in trading Bitcoin I don't see how you can get up to a half or 1 Bitcoin from Trading. It might be because I don't give a fuck about it. That's why I am saying this, but I am kinda sure of it though.

One thing I know for sure is that any investor that really wants to hold for long is not to watch the price of Bitcoin on a regular basis because there might be a time when he or she might be scared or tempted to sell his or her coins, but if the investor is not there to check the price of Bitcoin, I don't think that he or she will eventually plan to sell because Bitcoin is dropping (I am just saying here that watching the price of Bitcoin regularly is not a good endeavor).

Buying is quite easy by just pressing the buy button but to hold in the long term requires patience and that is why an investor who can hold in the long term is the winner in the end. Buying all at once or holding it for a long time is something that must be within ourselves, how we must ward off fud, worry in our minds. And also be able to look for loopholes to be able to survive in declining market conditions and many negative factors as happened last year.
Beginners must study as well as possible in preparing themselves to become true holders and all strategies should be the best that can be used to start investing in Bitcoin. Beginners can learn a lot about bitcoin and learn better ways to invest such as using DCA.
Sometimes opinions differ on how they buy in accumulating Bitcoin but that is not a big problem because in one hope we all target buying in dips and holding it in the long term.

I quite understand what you mean but my question now is that for how long can we hodl our Bitcoin? Is it till when it has achieved a stable ATH or we keep on buying and Hodl because I feel that there may be a certain stage whereby the price of Bitcoin may not go higher again and possibly maintain a stable price so at that point if one is still holdling bitcoins it doesn't add any value to it rather it can be used to perform transactions from one Bitcoin holder to another since our mission for acquiring more Bitcoin is to put an end to fiat and the centralized method of performing banking activities.

We can actually buy and hodl Bitcoin for as long as it hasn't reach a stable ATH because that's the only way that it's value and volatility is on a higher demand and the only way to achieve mass adoption of Bitcoin is if so many investors must have acquired a huge amount of Bitcoin then we can possibly use it as a medium of exchange that will replace the use of fiat that has caused more harm than good over the years. Fuck fiat as Bitcoin has come to conquer and together we will achieve it.

Bitcoin is really gonna be a life changer to many if we keep acquiring more of it because by so doing that's the only way that it can gain more value and relevance. One thing I like about Bitcoin is the introduction of Blockchain technology as the activities of each individual can be visible by other network of each blocks thereby there will be limitation of frauds and transactions hitches and transactions are being confirmed by large numbers of Bitcoin miners so it is really a fare environment for all.

holding Bitcoin will never withhold or prevent the Bitcoin price from falling because holding has nothing to do with Bitcoin price and perhaps that's not even the reason of holding. We know how Bitcoin price can be very volatile sometimes so the only way we can keep our mind at peace is by holding because if you decide to chase the price movement you could end up getting cut by the market.

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

No one is saying you should not invest what you can afford to lose, but what most people mean is that investing in any other coin other than bitcoin is a gamble, and it is not guaranteed that they will make a good profit in the long run as much as they can when investing in bitcoin. Bitcoin has proven to be a dependable investment over time, and this has been proven not once, nor twice. So why invest in a project where you are unsure of the outcome after waiting for so long? Investing in what you can afford to lose simply means investing in altcoins that you can afford to los. If you’d invested in bitcoin, it will be, how long you can afford to wait for your investment to grow before before selling them for profit.


You are correct, but you should not be adamant about keeping the investment after you've already made a certain good profit from it, while ignoring some important life issues because you want your investment to rise above what you've already earned. Bitcoin's price will continue to rise as expected, but that doesn't mean you can't sell when you've made a good profit, especially if the market is no longer in a bullish trend and is already showing signs of bearishness, which could last for a while or be caused by the market's volatile nature. This is common after the bull run season, so you can sell some without thinking about it if you want to since you’ve already made a good profit from the investment which was the reason for the investment in the first place.