Topic: Buy the DIP, and HODL! - page 336. (Read 123670 times)

For that we need to be careful and if we think about using our emergency funds just to buy bitcoin we should assure for ourselves that we are ready for the consequences of the action we made and we have huge understanding about the market also how bitcoin move. Since if we risk all of that and think about its fine since we expect bitcoin will go up then we possible be fucked up with that and might everything we have might blow up.

That's why aside for long preparation and having a emergency fund set much really better if we are also aggressive learning a lot of information needed before investing on bitcoin so that we can save up ourselves to any negative possibilities and we would not easily get affected if there's fud scattering then here we are having a lot of bitcoin holdings since we provably lose with that if caught up by fuds spreaded by some people who want to destroy the patience of people trying to hold their coins for long time.

With those challenges its better if we could balance all important things needed to do so that we would not came to the point touching our emergency fund just to have money to invest on bitcoin again. We also know how to manage on our finances so our bitcoin investment will be smooth.

Things like this will happen with bitcoin prices because some people accumulate large amounts of bitcoin at a very low price. And when they dumped the bitcoin price, they always bought back more bitcoin. This has shown how important bitcoin is if someone is just thinking about how to reduce the price to have the opportunity to buy at a low price. If I were you, I would not be worried about what Grayscale did to the bitcoin price recently; it is not a new thing to bitcoin because we are seeing the volatile part now. You should use this opportunity as Grayscale is rebuying his bitcoin to buy bitcoin at a low price with the money kept for the dip before the bitcoin price starts its upward trend. Remember that whales have been manipulating the bitcoin price, but bitcoin always recovers to set an ATH of $69k. Don't allow this to ruin your bitcoin accumulation plan.

Maybe some investors think of investing in such a way that if they invest a fraction of the amount of money they have, the investment portion will be deducted from their total amount of money. Investing is a bit risky but investing is done with hope and expectation. I have investment means I have hope, seeing that I have investment I can expect to get something good in the future but the one who has no investment has no such hope. Like I worked at a place and I owe some money from there. I have hope that I will get money from that place but another person who has not done any work has no such expectation. Investing is not so hard to see, investing is very easy if you think about it. Before investing we look at the investment very hard and get worried about the investment due to which we cannot make proper decision about the investment. Investing should be seen as a normal activity. We need to be as safe in investing as we are in saving so we can invest properly.


Whatever work we do, if we enjoy it, we will be able to do it with great joy, no matter how difficult the task. If a cricketer is asked to become a doctor then he will not be able to become a doctor and if a surgeon is asked to become a cricketer then he will never be able to become a cricketer. If we were not interested in investing, we would not have invested or decided to invest. Since we have interest in investment, we have to enjoy this investment. To invest in such a way that it feels like investing is an art to us and we are a master of this art. Never take too much pressure, if necessary I will do less than I can, but still have interest in the investment.

DCA method has made our investment so easy that now we can invest any amount at any time. Since we have this simple strategy we only need to focus on retention and increase our investment amount with time opportunity only then we will gradually reach our target. The road to success is somewhat difficult but those who can cross that difficult road can achieve success. Just as we have to climb the ladder step by step but we can't climb from the bottom to the top, so investments have to be done consistently and regularly before we can reach the top of success.


Emergency fund means to use that fund in times of need. We have three months of funds but we will continue to invest these three months if we invest regularly for three months then this fund will remain intact for the next three months. These funds will be spent when we fail to make regular investments and when we do not have money to make regular investments. When we don't have money with us but we are forced to invest money from that fund. I created a three month emergency fund and out of these three months I was able to invest regularly for two months and one month I could not manage the money for investment but one month's money needed to be withdrawn from my fund. If one month's money is taken from the fund, two months' money is left over and next month of course I can manage the money and try to add back to the fund the amount of money spent from the fund. After spending money from outside the fund, if we add one month's money to the fund again, the fund is enriched again. If we use the fund in this way then the fund will never run out of money and we have to use the fund in this way.

I think the 3-month emergency fund is enough as long as we can maintain our cash flow so that your expenses and other sudden needs can be covered from the main cash flow, but when things are out of control in a tight sense then use the emergency fund as long as it can save you.

If the emergency fund is sufficient for 6 months then it is enough for them to be free in targeting aggressive investment levels and even if the emergency fund drops but it is still at the minimum limit, when the cash flow has stabilized, it may be possible to refill it again slowly so that the emergency fund returns all to hold for 6 months.

With those who use challenging investments, I think it needs to be felt because it will adjust in the future how the balance is more sensible including 30% of their total salary, I can only do it when the emergency fund is safe, say 6 months in the bag, then the level of aggression towards BTC must be done if it is not appropriate, the percentage will be lowered, if I am still able to continue because this depends on managing expenses and the percentage determined, the cash flow will be easy to manage.

How much an investor invests is entirely up to the investor.  The amount of money that the investor feels is right to invest, he will invest that amount of Bitcoin. Just because my financial situation is one and another investor's financial situation is different, my financial situation cannot be considered someone else's financial situation. If the investor invests in DCA method then regardless of the amount he invests he must invest consistently. If you invest consistently, even if you have to invest a relatively small amount of money, the investment amount will be strong enough at one time.  But as you said that if a person spends 10% of his income on his family, it is not the same for everyone. Someone may be living in the same society but his monthly income is less than others and he is getting more than 10%. The amount of money that is needed in the management of the family will be needed. Investment should not be left with any imperfection at all.  

The investor will consistently invest the amount of money that is left at the end of the month. Maybe the investor may think that what will happen if I invest this small amount of money regularly, those who think like this must make a long-term plan and calculate your investment. I hope that your idea about investment will change.

If you feel safe spending 10% of your income and investing the remaining 90%, you can invest 90% of your income. But no matter how you invest, be sure not to sell your investment after investing. The next generation will get Bitcoin if you can deliver Bitcoin to them properly. When a person thinks about his investments for the next generation, there is no doubt that his plans are long-term. Before your investment reaches the next generation, you should try to grow the investment. If you find that you are investing 50 percent of your income and after investing 50% you have to sell your investment when financial need arises then you can reduce your investment amount at that time. Because you don't need to invest so much money that you have to sell the investment later.  
Keep investing a fixed amount of income consistently so that you don't have to sell your investment later.

Everyone's income is not equal, different people earn different amounts every month, depending on their job position. Everyone is living according to their needs considering the location. If everyone can live according to their needs then everyone will be satisfied with the investment based on their income. If my income is less then naturally I will have less amount of money to invest. We may never take such a decision to invest that our income is low and there is some money left for household expenses at the end of the month but we are borrowing money from others to invest. In one month we borrow money to invest a large amount but in the next month we have to repay that loan and if we pay the loan in the next month but that person will not be in a position to invest in that month. Therefore, based on the income, that amount of money should be invested regularly, there is no need to invest more amount by borrowing from others or in any other way, as much as you can afford.

I agree with you that an investor with a very comfortable DCA should remain consistent. The investor should enjoy his investment and the investment should never be a pressure for that investor. As long as the investor enjoys the investment he can continue to invest well but since the investor feels investment pressure he will not have full focus on the investment. I think investing will be stressful for the investor when the investor tries to invest more money than he can afford. This should be given importance to the investor so that he does not take too much pressure but invests according to his comfort and if he enjoys his investment then he can implement his long term plan with his investment.

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

It is in the planning that the amount to be invested into be Bitcoin will be calculated. The planning is a critical stage because it covers the most important aspect of the investment process, enabling the investor to follow the best course of action.

There is nothing really wrong with allocating 30% of your income or even buying aggressively as long as you do have a good back up incase things go wrong or you run out of cash, DCA  doesn't have any fixed percentage to allocate and the intervals at which you buy is not fixed either, one can decide to allocate 50% of his salary to  weekly DCA  depending on how large the portion of bitcoin he aims to buy and the time interval he has chosen to achieve his goal as long as this person is comfortable doing it( by comfortable I mean a situation where by his emergency funds are in Check, his reserves are well defined and his cashflow and expenses have also been resolved or a situation where his allocations are small compared to his expense and income). And I believe the allocation a person decides to give to his DCA would differ for so many reasons.

1. How many bitcoin he plans on buying
2. The time at which he plans on achieving them
3. The size of his salary or income
4. If he has an already built reserve or emergency funds in savings before he started buying.

Given this senerios, a person X who earns about 10,000 dollars weekly and a person Y who earns about 7,000 dollars weekly both decide to get bitcoin and want to use it as a means to save up for retirement and X would retire in 5 years time while Y would retire in 3 years time. X has been a careless spender before and has really poor savings prior to the time he made this decision and Y despite earning lesser has a good cashflow management habit and has well built reserves in savings. X decides to allocate only 20% of his earnings to buying bitcoin because he aims at getting about 3 bitcoin or more and Y decides to allocate 60% of his earnings to bitcoin because he aims at getting about 7 bitcoin or more .  

Considering this factors are we going to say that Y is more aggressive than X, to me I would say no because they are both working as hard as they should to hit their target with the time they have and other factors like lifestyle could also affect this cause X despite earning higher could not allocate much to bitcoin cause he enjoys spending more and that 20% is what he calls comfortable and same with y. So they won't be anything like over allocation with respect to how much of your income you decide to invest as long as you are ready for accepting responsibility for your investment decision and you know you are okay doing so without been affected by it.



While it might be true, I also think an investor should be ready if things go wrong, cause given a case where he starts to invest and something unexpected happens at an early stage of investment, he might find himself in a difficult situation if his emergency funds and reserves are not well feed, what I prefer to advice is not to wait for your emergency funds to be ready to get all the cashflow done, just start but with very little and comfortable DCA that won't affect you at all like 5% and a minimal interval , then focus a bit more on building your emergency funds and reserves before you get more into DCA, this way if anything happens at an early stage dipping your hands I to your investment won't be an option cause you already have more savings than investment and you are well prepared this way.

I would think that 3 months of an emergency fund would be about the bare minimum to have if you are going to start to act boldly.. and even with ONLY 3 months of an emergency fund, you gotta be careful about ever dipping into such emergency fund except for strict emergencies.

If you have 6 months of an emergency fund and you know that you are never going to let your emergency fund dip below 3 months unless you are int he midst of a true emergency, then you can be a lot more bold because you might even float one of the months so that you are mostly between 4-6 months in your emergency fund.

I guess my point, is to be careful if you are starting to get a lot of BTC investment and if you are starting to use more adventurous times of investing, including getting  a 30% advance of your pay for 3 months or any of those kinds of things, even though it might work out, you seem to be playing with fire if you only have 3 months emergency and you also get a 3 month advance for 30% of your income... it may well end up working out, but it does not seem like a good balance especially if you might be in a position that you don't want to end up getting forced into selling any of your BTC at some inconvenient time, for example when it might be dipping extensively.

It will depend on what you can afford to put on your bitcoin investment and any amount is fine as long as you have BTC bought which can increase your holdings. They should not get ashamed if they can afford small percentage since this is how greatness starts since as long as we are consistent on the investment choices we do for sure it will grow continuously in future.

People need to remember that its not all about the sizes of their investment since it all matter on their will to invest on crypto plus how eager they up getting a lot of knowledge to use for their investment. Those strategies mentioned will surely help them to increase their investment sizes so now its all matter on how people gonna take effort since they are the one who can make their selves profitable. Also right now I'm into 35% - 50% of my funds goes to bitcoin investment and so far doing great and yet still bullish  and yet plan to add more in my portfolio to save up for long term purposes since we know that bitcoin always got good potential that's why I make sure that I'm not left behind on its future growth.

Most people don't know that they can also profit the way most people that bought bitcon at a very low price. For instance some individuals invested on bitcoin when it was still around the price range $1k and am pretty sure most of sold theirs already due to the great changes in price of bitcoin while some loses Theirs due to misplacements of their keys and all that. But just imagine the few that may have managed to hold some portion till now. Imagine the kind of profit they have accumulated all this while. So you can invest now and start accumulating more bitcoin, and keep your seed phrase save with caution. Like jayjuangee said  days back that Bitcoin is a life time investment, so bitcoin still have long way to go and still have alot of prices to beats and alot of new ATH to create. Bitcoin as the potential to hit  millions of  dollars. So doesn't matter either you using 10% or 5% of your earnings. As long you using cash you feel comfortable of holding for long...

Lol I must say you crack me up
Did you read my post?
I was against the idea of advising a person to invest 30% of their salary.
Did I even mention emergency fund?
How does emergency fund relate to investing what you can afford to
Do you think if you introduce BTC to an individual with barely any knowledge of it, they can really stand losses.?
it's official
Either you didn't read my reply or your level of understanding is like meme coins.
What's the difference between what odohu said and investing amount you can afford to.


oh trust me I do
Trading and shitcoins has done a number on me
2023 showed me the strength of Bitcoin and the belief is still beating.
I never said I wouldn't invest 30% of my salary in Bitcoin
Even all of it
If I my expenses would be covered
But this isn't applicable to everyone
I of 2022 believed the news that Bitcoin is dead
It's going to $10K
Now what's the price of Bitcoin?
If I don't believe in it's recovery and potential after I sold in loss last year January
Then I would be a Fool.

In a nutshell,  What am saying is, it's better to advice a person to invest with a money they can afford
Or an idle money.

Therefore, we must start preparing the budget that we need from the beginning because after all, this planning is important to balance the income we receive in 1 month and the expenses that we must prepare to support our needs so that we can prepare everything properly including the emergency fund budget which is quite important.

As you said, we cannot know what will happen tomorrow or in the future so in this case we need to prepare from the start so that unexpected situations do not bother our minds too much because we already have prior preparation with emergency funds that have been prepared.
As for in the end it is used or not, it is a matter of later, the most important thing in the financial planning and management that we have emergency funds must remain as a consideration and it becomes a mandatory thing so that we can minimize unexpected events.

You sound like one who is just experiencing the market not too long. In essence, you sound like a newbie, and I don't think you understand properly what I said. Making 30% Bitcoin investment off your salary for a month is enough when you have an emergency fund. Besides I didn't say you'll have to use that amount for ever, you invest based on your financial status. And with the way you sound, it looks as though you haven't developed enough trust for Bitcoin, anyway I can't blame you, if only you have don extensive research about Bitcoin, all doubt will be cleared. If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.


Ambatman, this is exactly what I recommend you do. Trust me of your income is very low, then you must make plans before you end up doing what will back fire. But if you have the opportunity to invest higher amount, don't hesitate because, you'll regret in the future for not buying enough while the price was still fair.  You sounded more like someone who believes in Bitcoin in your other posts, but reading this one, you sound the opposite of what you believed in. However opportunities like this are rear, and since we got to experience this one, the best thing to do is to take advantage of it. Because currently the market look as though it has finished it's dump and it is getting ready for a pump, now might be the least of such price we'll experience before the halving. DCA is the most used strategy, but combining it with buy the dip, your get a flawless strategy.

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise, if someone can use 70% of his earning for both emergency and other stuffs, even though such percentage have the 100% in his custody it won't still be okay for him or her, to me such person should divide his earning into 3 and it should be equal, then he should make use of one part to invest and the process should be continuous, it is better to take calculated risk, when it comes to bitcoin investment we should plan with the resources that we have within our reach but it should worth it, lets always go for long term and plan on the sustenance measures.

There is no fixed percentage that is universal as regarding what to invest in Bitcoin. It is always to each his own; you are expected to work out what you will be comfortable to leave in Bitcoin, an amount that will not stop you from living your normal life. There are some people people whose 10% of their income is enough for their needs and they will still have surplus from it. Those are the people at the upper echelon of society that are making decent amount of money that are way above what they can possibly spend. This set of people can even afford to invest 50% of their income into Bitcoin.

If I fall into this category of people, I will definitely put at least 50% of my income into Bitcoin because I don't know of any better asset class to invest in and save for retirement. My plan is to build a good portfolio that I will pass on to heirs, so saving my funds in Bitcoin is similar to the retirement savings and generational wealth preservation.

In another dimension, there are people whose income are so low that it will take over 50% to as high as 70% of their income to meet their basic needs. These class of people can invest as low as 10% of their income and they will not be breaking any rule. It is always ideal to properly calculate your cashflow to be able properly know what to put into Bitcoin to be able to have the much needed peace for long term investment.

As an investor in any kind of investment, you are supposed to be vigilant and watchful not just investing and letting it be and as an investor you must exercise patient.
An investor who does not exercise patient or who is not watchful is already planning to fail. Investment is not something you should be in a hurry to go into you must be determined to invest in something before going into it if not sometimes you might end up losing your profit.

Imagine this cryptocurrency that has been in existence since 2009 and started trading in 2010 many people might have backslided because they would have double mind as to maybe this thing won't work out but some still continued those people invested alot and it paid off at last.

Bitcoin is a currency that can be exchanged and sold, so as an investor in Bitcoin you are given the chance to sell it out if you notice any decrease in value.

Those who had the courage and bought the dip earlier before it started trading are the ones smiling most, people who had no patience sold or discarded theirs but had I know comes at last.

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.
[/quote] I agree with you in your text that it's not nice encouraging someone to invest 30% of their salary.
The best amount to invest is one that wouldn't affect you even in losses.
You believe in Bitcoin doesn't mean the person does
Yes it's a good advice to you but wouldn't to the individual
Is not easy seeing red and losses especially when you know nothing about Bitcoin.
I prefer buying via DCA, buying small units at different interval.
You can take it like an expenses in training a kid, a couple of dollar on a consistent level would go a long way.


Okay? Do you have idea about the persons expenses
There are many people who can barely get by with their salary and you saying 30% is okay?
This can be said for people whose salary covers their expenses with a good margin
Any dip wouldn't have much effect on them and it would be easier to continue the DCA.
Like I said its not compulsory to invest your salary or savings.  Just invest and DCA any amount you can afford. $5 a week in a year is around $240, in many countries this is something (Note :Profit wasn't calculated). 

The one I know I would frown against is saving money idlely in the bank.
Fiat can't survive inflation
Price of goods increases while purchasing value of money reduces
Investing in good projects would prevent the money from been idle.
Not likely, It was the reason
People bought the rumor and the belief it would be approved.
They just starting that's why it may seem rocky
But it can serve as a catalyst in pushing the price farther than speculated.

Roseline492 I don't think you understand properly the concept of emergency fund. It's possible the person might have been into accumulate before now, and any one who understands emergency fund knows that, they should keep enough fund that can sustain them for like 3 to four months even without their normal salary. Meaning even while using DCA strategy you are keep aside some extra for emergency funds, and with time that might help you not to tamper with your holdings. So 30% for acculturating now that the price is low is very much ok. Except the person might have accumulated enough that he might have reason to slow down a bit. But if you are not satisfied with your holding and you want to be aggressive in the dump in price, it a good idea you go on.

Let's just take for example that someone is earning $5000 a month. And he has been using 5% for DCA every week while we kept $1000 as emergency fund for the month. If such person has been into holding for upto 15months which means he must have achieve $15k as his emergency fund, there is a need for such person to add the money for his emergency fund to his DCA  making it 10% of his income every week . That is, for 2 year he has accumulated $33k worth of BTC, and if the price dips like now, he might necessary increase his DCA accumulation to 30% which is about $6k a month. Such person could now use from his emergency fund for the month, and after the dip, he returns back to the 5% weekly until he might have refilled his emergency fund before he goes to 10% weekly.

I assure you, some one with this strategy doesn't have to worry much while he life activities keeps on going smoothly.

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.

Who cares about those kinds of expectations that may or may not be correct?  Hopefully you are not waiting to accumulated, and hopefully you were able to get some BTC in the $38,500 to $40k range that may or may not come back....

You cannot count on such opportunities presenting themselves again, even if they presented themselves earlier, and even if there are expectations for them to present themselves.. so probably part of the main questions for anyone accumulating bitcoin is whether you have enough bitcoin to be prepared for UP in terms of your own financial and personal circumstances, and if you do not then, you have to figure out how much you should buy right now.

and sure if you think that the BTC price might drop more then how much you should wait or maybe if you have cash coming in, then you don't put too much weight regarding whether or how much BTC will drop, you just plan to buy every week or so (depending on your buying timeline) and if a further dip happens hopefully you will be able to buy again during that time... otherwise, you will just need to buy at whatever happens to be the then current price.


O.k... sure the BTC price shot up nearly double from its correction down to $25k and then up to $49k.. so yeah.. we can give you that there is a possibility that it could correct back down further than the 21% that it already did down to $38,505, yet you are saying that it is higher than not probability that it will happen, and you seem to not be talking about 51/49, but maybe you are suggesting even higher probabilities that a further correction is going to happen?  Are you getting into the 60/40 arena?  or even higher than that?  You sound like you have assigned even higher probabilities, which might be part of the reason that you did not stack enough sats in the $25k to $26k arena because you were assigning probabilities that were too high to downity scenarios.. that were likely not as high as you were making them out to be.

And, part of the problem is that we just cannot know about these various short term trends, even though we can see a lot of bullish things happening in the BTC market, too... so what are we  going to do?  wait for dips that don't end up happening? and not being sufficiently/adequately prepared for up?  Hopefully anyone who is waiting, is also sufficiently/adequately prepared for UP because expecting more dip, even after getting around a 21% dip seems to be bordering upon greedy.. or just not necessarily understanding the benefits of making sure that you are sufficiently/adequately stacked at all times.

Guys do need decide for themselves - even though I will continue with the assertion that it is problematic to be assigning high values to downity scenarios that may well ONLY be in the ballpark of 50/50 of happening, even if everyone is saying it.


Surely you know that their clients are selling, so they are forced to sell, but that does not mean that others are not buying.  Sure some of those who are buying might try to wait a few days before they buy, but they could get themselves into trouble if they are trying to play those kinds of waiting games, so if so many guys here are blaming Grayscale, some of the manipulation likely comes from those who are waiting to buy.. but some of those waiting to buy may well end up getting screwed if others buy before them, and the BTC price discontinues dipping as so many are playing with that kind of fire with one of the greatest assets known to man (if not the greatest, at least in current times).


These kinds of assertions of Grayscale manipulation is getting more and more ridiculous to be making those kinds of proclamations.


That part is true, and you do not even need to assign causal proclamations to the various ways to keep the BTC price down.. because sometimes the price can ONLY stay down for so long, including when everyone is saying it is going down more and providing some dumb, ill-thought out one sided explanations, then that is part of the ways to try to keep the BTC price down, but it is not necessarily sustainable to keep it down with those kinds information campaigns to try to play sentiment and momentum.. .. and yeah the trend is your friend, but there still needs to be enough behind the momentum, including but not limited to more sellers than buyers.


Grayscale will continue to sell as long as their clients are selling, but why does it matter?  Those coins can be absorbed... but hey whatever, you can focus on the selling all you want and get caught up in the hype.. and hopefully you don't fail to continue to stack and you don't wait too much or maybe even worse either leverage in order to bet on the down direction or to sell to buy back cheaper that may or may not end up happening.


Yep.. those kinds of plays to bet on up may or may not work out in the short-run, but they surely are ways to try  to make sure that you are prepared for UP, and 3 months is not really a very long time to have your salary reduced.. and a lot of folks are not in a position that a boss would be willing to engage in such an arrangement.


Now you are talking.


That seems to be the case.


The BTC spot ETF approval is bullish as fuck for bitcoin, and likely is part of the reason why the price went from $27k to $49k between October and January, even though it was not really certain that the ETF was going to be approved.. even though there were more and more signs of such approval.. no one really knew for sure until it actually happened.. even though there are plenty of folks who were likely buying a lot of BTC between October and January in anticipation of the approval being way greater than not.

The sell offs do not always make sense, except maybe to consider that no assets go straight up and there are going to be waves, including misinformation and various ways that BIGGER players might try to play the waves, and surely even the BIGGER players are not always on the right (profitable) side of the wave.

As smaller players, we should already be expecting that at any time the BTC price can go in either direction, and likely one of the main guarantees in bitcoin is that it is going to be volatile, violent and throw in some surprises, which means that we are not going to know which direction it is going to be volatile, when, how long it will last or how severe it will be.  Even though there are claims that "the Adults" and the "BIG" players have entered the room, and so therefore the BTC market is going to get tamed, and they can go fuck themselves with those kinds of proclamations.  I will believe  it when I see it.  Yeah sure the larger the market cap, the more difficult is it to push the BTC price around, but we have bigger, and BIGger and BIGGER players coming into the bitcoin scene who are going to be throwing around larger amounts of capital and perhaps trying to get their way with how they push the BTC price direction, so it is not always going to go how some of the BIGGER players want it to go, and those of us who are smaller players can advantage by already being in before them, but to continue to make sure that we are building our position even if they are trying to manipulate and trick normies out of their cornz.