Topic: Buy the DIP, and HODL! - page 335. (Read 123685 times)

Every investment requires a strategy, yes, but not "in Bitcoin mining" if you frequently update the market, this is also one of the tips for developing a strategy to buy BTC easily because the price of Bitcoin tends to rise and fall sharply and therefore you also determine how quickly you buy it by using DCA technique.
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Absolutely, buying the DIP and HODling is a perfect strategy in Bitcoin investment. This is a popular strategy among Many individuals who invest in Bitcoin, the idea is to buy Bitcoin when it's DIP and HODling on to it for a long term regardless of the short term price fluctuations of Bitcoin. It's all about having confidence in the future potential of Bitcoin by not getting influenced by the ups and downs of the market.

But is important to identify a DIP market in other to when to buy so it is necessary to keep eye on the price of movement and trends of Bitcoin. One way to indicate DIP in Bitcoin mining is to often look at the price compared to its recent highs and if there is a significant drop in price it could be a potential DIP.

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life. There have been several fine suggestions about this matter in this forum such as the threads below:

Using Locktime for inheritance planning, backups or gifts
HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION

If you read through the discussions, you will see other suggestions by reputable members of the forum and I'm confident you will get the answer seek.

They just need to understand how the market cycle work so that they could figure out what's best for their accumulation also they will not get easily affected by any negative thoughts spread by people online. Although its not really that simple to accumulate since they need to invest on knowledge so that they can last that long that's why they should figure out what strategy would be work for them so they can last that 2 - 3 years holding on their portfolio's.

That's wrong perception of people for thinking that saving money in fiat can save them since if we try to figure out the current happening where inflation rate is so high for sure they would know that they are still losing by saving that. That's why its really great that we know bitcoin since we have choices to invest depends on what timeline we set.

Agreed, Accumulating Bitcoins even on a low income can be relatively easy if the investor understands that. Although this is a simple matter, many investors find it difficult. I would say that if one invests his little money in Bitcoin apart from his monthly or weekly expenses and keeps it going for long term then it will make a big portfolio in next 2-3 years.

Many save with fiat currency. There an investor is losing their money due to inflation after keeping their money for a long time. But if he had kept that money in Bitcoin, he would have retained the value of his real money and his returns would have increased.

 One of the two things we can emphasise here is to invest regularly and hold it consistently for a long period of time. I can't give 100% assurance but depending on market analysis and future prospects I can definitely say that the investor will be benefited.

$200k and $500k is a very serious range for everyone to cross at some point, many have been investing for a long time and are now waiting for that time. Actually we don't really see good predictions for Bitcoin, we see some reasonable discussion but we end up in ambivalence. Because there is a doubt that we are not getting the correct data on the site, on the other hand, those who know and work about Bitcoin for a long time, sometimes cannot make the right guess.

The main problem here is that everyone thinks in the short term, making it difficult to make the right decision. I agree with you that we should plan for the long term.

Personally, I think investing in bitcoin may not be as complicated as you think. Carrying out financial percentages is very necessary when investing in bitcoin. But don't forget, we may have experienced it, sometimes emergencies can come at any time and anywhere. As a result, the percentages sometimes change due to emergencies. Therefore, in my opinion, dedicating 30% of one's money to Bitcoin cannot be considered a fixed percentage. Because sometimes the remaining 70% of the salary/money earned is sometimes not enough for one month's needs. Especially for an ordinary worker or employee. So if that's the case, I think a better solution is to invest Bitcoin at the end of the month. So what I mean is, for example, in month 1 you receive a salary from the company where you work. So, don't invest that money directly into Bitcoin (30%). But first use the money (100%) for your needs for a month. Then, if at the end of the month you still have money left over after that month's needs are met and the next day you will be paid again in the second month by the company where you work, then you can invest the remaining money in Bitcoin. So by using this technique I am sure it will be better and safer. Because the point is, when you invest, all your needs are met and the next day you will receive another salary. So that invested money is good cold money to invest in Bitcoin.

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Before doing any work we must have enough faith in that work. If we don't have faith in work then we can never do that work self-sufficiently. If we invest in Bitcoin but do not trust Bitcoin or trust Bitcoin then our investment will not be self sufficient at all. It is more important to believe in the investment first before investing. First trust then plan which method or strategy to invest. If one can invest according to that plan by planning with faith, then that investment is definitely good for an investor. Before doing any new work, if someone says something negative about that work, then that remains in our brain and no matter how many positive things we hear about that work later, the negative things we heard first will remain in our head. You don't need to care about what others say when you are starting out. You have learned enough and you have decided to invest in Bitcoin because you have learned to understand, so stick to your decision without listening to what others say. If there is faith in oneself and if there is confidence in one's decision then no external obstacle can stop an investor so one should always try to give importance to one's decision.

There is a class of people in the society who will criticize your work at first but when you succeed in that work, those who criticized will appreciate your work. What people of this class of society said should not be given any importance. This class of people should not be given importance because their job is to criticize the work of others and if someone ever starts a good work to make bad comments about it. If you think your decision is right then you don't need to listen to other people's words or comments. If the Bitcoin market goes down, it will go up again, maybe it will take some time, but we will wait for that time. What's the point of investing if you can't wait?  
We have to invest with enough faith in the investment and if the market comes down then wait and if we wait for a long time then hope that the Bitcoin market will not disappoint an investor at all.

I have invested in Bitcoin and if I tell my friends, family or relatives about this investment and if I don't get any help from them then why would I tell them these things. If I share these things with them, it may harm me, but I will not gain anything, so why tell others about my investment. It is definitely safe to do these things confidentially and if a private friend or relative comes to know about the investment, then there is no need to discuss the investment with him. Someone close to you knows that you have invested and if he criticizes about it then totally stop discussing it with him and if he wants to know about investment then discuss it with him if he is interested in investing.  Depending on how the person is behaving or how the person is asking you, you will answer the questions of the person you are talking to.

Those who invest for a long period of time have the objective of reaping huge profits from their investments. An investor holds his investment for a long period of time with the aim of earning large profits. Investing means making money by using that money. Those with low expectations or those who are satisfied with little usually trade with different coins, but those with high expectations and who are ready to leave money for a long time decide to invest for the long term. By investing, I have understood that the longer I hold my investment, the more likely I will get profit from that investment.

Investment requires the right ethics and principles before you can be profitable in it and  I don't really understand what you mean by "wise people can't do things by following the right rules" but however, investment is all about risk so you must have it at the back of your mind that there are possibilities of losing despite the fact that you are seeking to make profits so that in a situation whereby the market doesn't work out the way you planned then you can be able to manage yourself without going through emotions because as an investor you don't actually need emotions because though your chances of making profits why investing on some assets like Bitcoin is high but as well there are unforeseen circumstances that surrounds the scope of the market such that it may not actually work the way you thought it would be all the time so it will help you to restrategize in a case where you run into losses.

Your investments can yield you profits no doubt but that doesn't implies that profit would be guaranteed all the time because sometimes you need to risk some assets in other to stand the pressure of the market because there are times when the competition would be so high so at that time what is needed is more valuable assets so in other to acquire such valuable assets would require to sell off some of your assets and purchase the one that is more valuable that why it is good to invest on volatile assets like Bitcoin because you are aware that it wouldn't get devalued so easily and as more people are becoming interested and acquiring it that's how the worth increases and values increases as well so in such situations profits can be guaranteed

You are not wrong to suggest that 3 months might be a sufficient size for an emergency fund for someone with a relatively strong cashflow (income), yet I have been doing these kinds of things for years and years, and I probably have had relatively strong cashflows since the late 90s.. yet prior to that, I had periods of more inconsistencies in my cashflows.. nonetheless, even with strong cashflows, things can come up, especially the more complicated that we might start to get into pushing aggressiveness in our investments (including BTC), and so the more aggressive and purposeful that we are, the more that we likely need to plan the various ways in which we might end up having to dip into our reserves, our emergency fund and our float might get depleted, so then there would be priorities regarding which ones to dip into first, so the longer that we are investing, the more likely that we have more and more sources of value that we can dip into,

and when we have more places that we can dip into, then some of those various sources can end up serving as emergency funds, so then a question might come about which one is most liquid in the event that some kind of an event happens in which we need cash that is paid in a certain kind of way (most likely dollars or fiat, and even if we might have the debt payable in bitcoin, it is still likely denominated in terms of how many dollars it is worth to settle the matter.. such as our roof caving in or our getting run over by a bus, or some family member suffering a sudden illness or accident or the crashing of the personal car that is used to earn income and to keep our job.. or whatever).  We cannot always realize how quickly that liquidity could end up drying up.. and if we had wanted to make sure that our money was working for us rather than being under our mattress, we might have to think about how fast we can withdraw from accounts 1, 2 and 3 in order to satisfy our debt, whether it is due right away or if some of the bills are coming in over the next 30, 60 and 90 days.   

And, some folks mentioned parents, and sure it could be true that family members could be part of our emergency fund, but some of those funds could dry up too.. so that is one of the difficult balances with emergency funds that likely are not really needed to the full extent, but when they actually are needed, they could end up saving us from financial ruin... because who would want to spend 3-4 years or more investing in bitcoin, and then end up having to start over.

Even if we go by your forum registration date $crypto$, you have close to as much time registered on the forum as me, so it is quite possible that you have had some decent abilities to both build your bitcoin holdings, but also to even get your holdings to be in decent profits, even if you might have had made several mistakes along the way, but would you want to end up having to cash out of large percentages of your BTC holdings merely because you failed refused to make sure that you have 6 months of various kinds of funds rather than settling upon 3 month bare minimum kinds of standards.   

By the way, I realize that if you might have several years worth of income invested into BTC or that your BTC holdings has appreciated to several years of income, then you likely could be in a better position to ONLY hold a 3 months emergency fund because the other 3 months could come from your BTC holdings and even if the BTC price dropped below $30k during such emergency, your holdings are in sufficient profits... but let's say for example, your emergency had occurred in late 2022 and BTC prices were bouncing between $15,479 and $17,500 for a couple of months, so even if you had a few years worth of income saved up in bitcoin it could be quite damaging to your BTC holdings to have had been forced to sell 3 months or so of the value of your BTC holdings during that time, and it could well end up being the case that you might never be able to get those BTC back for anything close to the price that you ended up selling them.


Your own situation shows part of the problem of having non-emergencies in which you are drawing from your emergency fund, so you are using your emergency fund as a float and/or as a reserve.

Another problem is that a guy who might have monthly expenses that are $1k and income that is $800 to $1,800 with most months having $1,200 of income, it could take him 5 months to replenish the $1k that used from his emergency fund.. because look, a 3 month emergency fund should be able to cover 3 months of expenses, which in this case is $3k.  the reason that it may well end up taking 5 months to replenish an emergency fund is that because in the scenario that I point out, many times we only have a fraction of our monthly expenses that we could set aside, so just to get up to a 3 month emergency fund it could take us a year, depending on our cash and your expenses situation and maybe we can increase our income and decrease our expenses so that we can build up (or replenish) our emergency fund faster.   

So another thing is having the $3k emergency fund, but also to have float and reserves, so most likely you are never dipping into your emergency fund absent some real emergency and you are likely going to avoid emergencies because you have float and reserves....

Maybe another point is that many of us might think that we are doing so much better than normal people who ONLY have floats of 2-4 weeks, so they hardly even maintain an emergency fund, and they might not even have any investments; however, we want to improve our condition, we likely need to make sure that we do not engage in risky behaviors that is going to put us exactly back in the place that most normal people operate - that is without investments and without any kind of meaningful emergency funds, float and/or reserves.


Of course new ATH is not guaranteed, but surely seems quite possible and probable and something that we could invest into bitcoin because we consider bitcoin to be an asymmetric bet to the upside.

Another thing is that $170k by November seems to be pushing it, and that would ONLY be a 3 year cycle from the previous ATH. 

Sure $170k is possible for his year and also $500k or more is possible for 2025, yet none of these are guaranteed, but any of us who are buying bitcoin now should try to figure out if we are doing enough in our current BTC buying efforts, and also to have some plans regarding how we might deal with a variety of possible scenarios which include at least the following in the next 1-2 years

1) that BTC prices do not go up from here  ($49,048 is our high for the next two years).

2) BTC prices go up but do not breach $69k

3) BTC prices go up to somewhere between $69k and $120k

4) BTC prices go up to somewhere between $120k and $200k 

5) BTC prices go up to somewhere between $200k and $500k

6) BTC prices go up to somewhere between $500k and $1.2 million

7) BTC prices go up to somewhere higher than 1.2 million

Any of those scenarios are possible, yet they have varying levels of probability (in which each of us is going to assign differing probabilities), and any of us should be able to keep in mind the various possible scenarios and to assign probabilities to them. 

I have not yet made any new assignments of probabilities for this cycle, even though I had done so in the past... for both upside and downside scenarios and in regards to both price ranges and also timelines, and even if low probability scenarios end up playing out (in accordance with our own projection of probabilities), there is no reason that we should not have some level of preparation for BTC prices to go in either direction.


It can be a bit frustrating to have relatively smart people to be advising about how to manage the bitcoin investment situation, and even to be engaged in such advice in a fairly forceful way because they looked into the matter.  I specifically recall several conversations with a person who I had employed as a kind of consultant, and I was consulting the person in some related ways but not specifically financial, even though the person found out about my finances, so several times, I had to tell such consultant that they are trying to advise me about an area in which they do not seem to have enough information and have not studied even close to as much time as I had studied it. 

I acknowledged that I might not be correct about my approach or even the price direction that BTC is ultimately going to end up taking, but I also asserted that I had invested with money that I do not need for the next many years (and maybe I will never need the money because it was extra discretionary money that I had used), but the person insisted and continued to study bitcoin, but mostly would come back to me with various mainstream talking points rather than really understanding what bitcoin is/was.. and even when I said that I was wasting my time engaging with the person and I would try to explain, the person continued to remind me on a periodic basis.. especially during 2015 when my portfolio was at its worst.. the most in the negative that it ever had been.

I did not really hear from the person in 2017 when BTC prices shot up and largely went 78x higher than the 2015 prices, and even when BTC "crashed" in 2018, the prices were still mostly 16x higher (or more than that) than they had been in 2015, so it is kind of crazy how matters end up playing out.

By the way, I am not suggesting to completely ignore other people because sometimes it is good to engage with other people and to get varying perspectives about the world or about our investment choices, but at the same time, we likely have to figure out our own ways to balance our level of exposure (to bitcoin or to any other investment) to consider if we are not using funds that we actually need in the short-to-medium term and also realizing that there could be scenarios in which we end up losing most if not all of our investment, even though we should also be accounting for those kinds of negative scenarios too. 

And, so I am not even claiming that in 2015 I knew which way BTC prices were going to go, even though I tried to prepare for a variety of scenarios, and so I had even considered that it could well end up being that bitcoin would have a around a $3k to $5k top in the next cycle, but I did not really know how long it would take to get there or even if it would actually get there, so when the BTC price ended up shooting through $3k to $5k in 2017 and going up to $19,666, I did continue to sell small amounts of BTC on the way up, but I did not sell large portions, and I have no regret about that even though surely there could be ways to make more money when there ends up being more than a 80% price correction.. but we do not necessarily know that more than 80% price correction is going to end up happening or when or if it might keep correcting even beyond more than 80%.


That is not true.

Grayscale has clients, so their BTC holdings need to reflect their client's holdings.  Sure Grayscale does own some of its own shares, but it is not even close to the the number that you are giving..  so Grayscale only has discretion in regards to it's own shares, not the shares that are held by their clients.


They do not need to replenish their holdings.  Their BTC needs to reflect the hodings of their clients... so yeah they are losing clients, but they are still making fees on whatever clients remain.


Doesn't likely matter as much as you seem to be making it out to matter.  There are various ETF's that are going to need to buy bitcoin, and even if there are periods in which GBTC sales are higher than the other ETFs, so net outflow rather than net inflow, it seems to be that mostly the ETFs are both creating net inflows and also that there is going to be ongoing continuously more demand for bitcoin in the coming months and years because the ETFs open bitcoin to a lot more possible clients who would otherwise not buy BTC directly.


Again, does not matter that much  in the whole scheme of things, even though you are repeating yourself, so you seem to believe that it matters.  Maybe you need to step away for a while rather than getting worked up about stuff that does not matter very much in the whole scheme of things.


Markets are also moved down by more selling than buying and they are moved up by more buying than selling, and some of those kinds of movements do not come from whales.  In other words, there are all kinds of places in which bitcoins are sourced, and there are ONLY 21 million coins, and some folks are not selling at these prices, so the various new entrants into bitcoin are going to want to get their coins from somewhere, and good luck with that.  Good thing that there is a lot of FUD out there keeping normies from buying BTC and even contributing to some of the normies to sell  some of the coins they have with expectations to possibly buy back lower, which they may or may not have any luck in being able to accomplish. Hopefully you are not selling and expecting to buy back lower? or overly holding off buying because you believe that BTC price may well be going lower?  Yeah, they might go lower and they might not...


Hopefully you figure out for yourself what to do.   Grayscale is operating a business so they might sell some of their own shares and they might not.  I am not sure if the reports are clear about that, but if clients sell their shares, Grayscale has no choice but to sell the same amount of BTC that back those shares.   And those clients might get into BTC in some other avenue (such as a ETF or even buy directly)  or they might not.  But it also could take several days between the selling on grayscale and the buying in some other ETF... that seems to be part of the dynamics of "in cash" redemptions rather than "in kind" redemptions.. not that any of that should matter very much either in terms of any of us who are accumulating bitcoin and potentially having more opportunities to stack more sats to the extent that we are not scared away based on these kinds of likely temporary dynamics.

By the way, we have not even bounced out of the don't wake me up zone which is $35k to $55k, and so I am not sure why anyone would be caught off guard by a wee bit of BTC price correction of a mere 21.5% downity , especially after we had experienced a 81% UPpity since mid October. 

In the scheme of things we are likely in quite positive places even if you are hearing about various nonsense doom and gloom talking points.

If they are underemployed or don't have enough to feed, I think investing in bitcoin would be too risky to them, We all know how the Market behaves, its up today and down tomorrow, we don't really know what to expect from it. And our goal here is to accumulate as much as we can so when the profits come, we would be on the better side. And I also believe that while some might buy bitcoin thinking they are investing, they might actually be gambling, in a situation where someone has bearly enough to feed or is underemployed, how does he plan keeping up with his investment, and I don't think he can save up for emergency cause in reality he situation is already an emergency, I think if there is someone like this, his first priority should be to find an extra job and get his finance in order before investing in bitcoin. If not he is gambling and not investing and the odds of him been a long term holder is super slim.


I understand you mean cashflow management, but someone who doesn't even have cash cannot plan shit, does he plan on borrowing to invest, like I said his first plan if investing in bitcoin is something he really needs to do is to get another job or raise his income, I think you must first survive before you can build. Simple logic 👌

Well I don't see any reason why someone who has no money to spare should think of investing, shouldn't he get an extra job or something, I get things are though but some though and unprepared decisions would put you in even thougher situations. Anyone can invest as long as they have good cashflow management and a source of income, but in this case where the income is really small, I think its better he start by building up funds by savings, maybe 3 months to six months of emergency funds before he thinks of allocating any amount to DCA, and if he really want to build a substantial amount of BTC holdings then he must increase his income, cause that income can only carry him that far.



Allocating 10$ isn't bad, but from your previous figure I think 10% of that should be 3$ and thus would be really small of he plans on building his emergency funds too. Not all humble beginnings are really wise, I don't think investing is the best advice for low earners, especially when they don't have any back up funds.

Logically, if you want big profits then hold onto your Bitcoin. Yes, previously we discussed Grayscale and I don't care whether they want to sell BTC or hold it, but we have our own principles to continue accumulating Bitcoin. Let them sell or buy and that's their right because it's better that they sell everything so that other people have the opportunity to buy BTC at a cheap price. So far this thread has been mixed up with ridiculous things about them and that's no reason to think about what they will do.

Bitcoin is already standing quite strong and any big dump is not able to make Bitcoin go to Zero. So if you have a logical conclusion to accumulate btc in your portfolio then do it and just follow what you have planned. Many people are waiting for low prices so don't sell your BTC to them, hold on for a long time so you will see great success in the Bitcoin investment you have made.

Grayscale bought 635,236 BTC by September 14th 2022 at a price of $20,185, a classical case of Buy the DIP but in the words of @Wind_FURY, they were holding and not HODLing. Hence they started selling July last year when the price rose to $29,233, which is 45% profit, actually a nice profit for an investment that is less than a year. They continued the sell, even till this week and no one know their plans or target.


It might actually appear that they are booking nice profits from what we see so far but how well they can manage it is what will determine the end. The question is, will they be able to replenish their holding? Or they exceeded their BTC quantity objected and are selling part of the surplus to HODL the balance further? When will they stop selling and what is their plans for selling? Is their plans to sell and drop the price to buy again? These are questions that are not easy to answer as only time will allow us to know.

One thing that is certain is the fact that it takes a whale to move the market, a small investor cannot possibly go this route without being burnt unless perhaps he is well versed at technical analysis even when there is no guarantees that it will work out. Based on this, it is safer to HODL than to hold. The former seems to be long term target while later seems to be short term target which I supposed is what Grayscale is doing.

This is why you must have the believe in bitcoin before investing. Also having a bitcoin target and staying focus on your consistent and persistent accumulation through DCA weekly or monthly is very important as a newbie and you need to turn deaf hears on whatever anyone is saying against your passion of holding bitcoin. There are so many news that one will hear and so many discouragement during your accumulation stage, but let that not distract you from reaching your goal. If you also see bitcoin as a lifetime investment, and will be passed down to your children, this will even be better because you will not get carried away with FUDS.

One thing that I love in bitcoin, is that the more you are hodli and accumulating, the more you will begin to understand that if bitcoin dips, it will definitely bounce back due to your experience in market. I could remember that @JJG said that during his early days of accumulation, people made fun of him that he is wasting his time and money that bitcoin will crash. He even said that when bitcoin price got high in the bull run, someone I don't know how close the person is to him, though, told him to sell all and take profit but he refused and the person called him a fool, but look at it now he has grown his bitcoin portfolio to the maintenance stage now, who knows if he has reached the fuck you status.

Don't listen to any news or anybody when you are investing in bitcoin because a lot of people will discourage you from the media, friends and family but just stay focus and when you have grown your investment to your bitcoin target, you will see them as that fool that you were seeing you as in the beginning. It is your choice to decide if you will listen to fud or not.

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

Yet an so curious to an extent on seing that some still believe the market is being manipulated, which means when we also buy or sell means we are manipulating the market, there needs to be an understanding that the more we keep buying and selling them the network will always keep being volatile and the way there's a change in both the demands and supplies will have an effect on the market price.

Another thing to have in consideration is the effect of this same buying and selling, when we hodl the coin without releasing them and this affects the market price, the  network itself will got to a stage or releasing more Bitcoin after halving to the market which will also make the balance between the supply and the demands rate for sufficient circulation until the entire coin is been mined and with this we keep seeing different market prices.

By under-employment I mean people whose salary is just enough for their basic needs and little savings but not enough to afford privileges like vacation, luxuries, even buying a house as they can only rent. Such people spend as much as 80% of their income on food, rent, school fees of children and normal healthcare but not serious surgeries. People at that stage easily resort to borrowing when they have serious emergencies which do not come always though. Unfortunately, majority of workers in my country fall into this category. Minimum wage in my country is about $30 with inflation at 29%, a country of 200 million people that have over 83 million people living below $2.5 per day. So my use of that word is a reflection of the realities on ground here.

Under this circumstances, the best an individual can do is inject max 10% of their income to Bitcoin while setting up emergency fund with the remaining 10% since 80% is already expected to be used for basic needs. These are just my estimations, there could be variations.    


Under-employed can still do $10 per week and still be fine with his needs. That one is under-employed does not mean he has no way of saving a little, just that such a person cannot do certain things that money can do because of financial limitations but nothing beats humble beginning. As a matter of fact, they even need the investment more if they have to remedy their situation.

Many investors still invested in Bitcoin when its price was below $40,000. Not everyone's thoughts are the same, so at this time, many people may not have thought about many things and invested, but those who have faith in the market must have invested even after the price of Bitcoin came below 40 thousand dollars. Some investors who didn't invest when Bitcoin was under $40K and invested when Bitcoin came back up to $41K or $420K may think that when the market was negative, they thought the market would just keep going down. But when the market started to be somewhat positive from the negative state, they again thought that since the market is becoming positive, from now on, the market will be more positive and the price of Bitcoin will increase. Those who invest thinking like this never actually invest with the intention of holding their investment for a long time, their objective is to invest and hold the investment for some time and sell the investment after a few days or at some profit. We can consider such behavior of investors in investment as trading. In trading it is like that those traders wait to buy coins and whenever they get a small opportunity they buy the coins and when the market is a bit positive and they make some money they sell again.

Those who invest for one week or two weeks are not really investing because investment is never short term. If an investor invests for a period of two weeks then he will understand the investment by investing in this short period of time. A week or two does not fall into investment. If a person buys bitcoins and after one to two weeks sells their bitcoins at some profit then we can consider that activity as trading. After investing we will not see a lot of change in that investment so there is nothing to get too excited immediately after investing. After investing one must be a patient person and have maximum patience. Whenever we can hold an investment for a long period of time, we will see a big change from that investment.  
After investing, if I read about the additional market and always see how many dollars I have profited or lost after investing, then it is never possible to hold the investment for a long time. If you want to keep the investment for a long time, first you have to stop seeing these excess profits and losses.

After investing in the market there will be bad news and good news and so on. There is a bad news coming in the market due to that bad news the market dumped a bit and the positive news came in the market due to which the price increased a little and due to the increase in the price I got some profit. We cannot sustain investment. Be it profit or loss our aim should be the same that we are holding the investment in long term plan and whatever the profit or loss we have to hold the investment for this long period. If retention is given utmost importance then temporary gains or losses will not adversely affect our investment retention.

Well, One thing is that when the market was below $40 thousand, many people didn't want to buy it and were a bit slow to invest in Bitcoin, many stopped investing but when Bitcoin is going back to the previous position and going to cross $42 thousand. then again people are buying that bitcoin. There are trading issues and it is not possible to say how the market will go up based on any news and when it will go up very fast but we have to understand that if we can invest slowly and if we can increase the amount of investment gradually then it is for us later. Good can bring an opportunity. Investing for one to two weeks in bitcoin investment is nothing but a complete fool, because investing for one to two weeks can lead to loss and gain, but the chance of loss remains one and the chance of gain is greater. . But if there is some bad news in between, then the price may drop again, then those who will be interested for one to two weeks will suffer losses. Therefore, I think you should wait for a long time if you want to invest in Bitcoin.



Remember that November 2021 is the all-time high price, we are waiting coming November to repeat this(but targeted $170k).