Topic: Buy the DIP, and HODL! - page 361. (Read 123534 times)

Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.

Any investor that always wait till a particular commodity not only Bitcoin to appreciate in price be they eventually invest is not a good strategist, though Bitcoin investment is a bit different from other investment because of it's volatile nature, accurate prediction of Bitcoin price is not certain, when there is price appreciation it doesn't really mean that it will continue to be like that, in twinkle of an eye anything can still happen, so people should stop waiting forever so that they won't continue to be disappointed, for now I don't think bitcoin is doing bad in terms of it's price, so people should utilize this opportunity to buy as long as they can afford it.

Over calculation by people when opportunity of investment presents itself does not make sense most times, we have seen how good and bad bitcoin is, why wait, what do we want to hear again, this is one of the reason why some people that had the opportunity to mine bitcoin for free lost it because of too much listening ear to speculation and negative news about bitcoin and crypto currency in general, today this set of persons live in the world of regret for not making the right decision and choice.

Thank you for providing your explanation and opinion, brother, it will really help me learn more about Bitcoin.

Yes, I started exploring Bitcoin in 2022, and currently there are many things I am looking for and Bitcoin really interests me.
Especially if we talk about how bitcoin will be very helpful for the economically in the future.

Some of my friends think that my step is the wrong step because I am considered late, But I think that it is better late than never.

i see, Thank you sir, as someone who is new to bitcoin investment, I am still learning about many things, of course the input you provide will be very useful for me in the future.

To be honest, I don't know much about the "shitcoin" you mean sir, but there is a possibility that I will learn about some things like that too, In my opinion, new things like that are always interesting to learn. That doesn't mean I went into investing without knowing first. Because there are many things I need to know and I need to find out first before i start to invest. 😁

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

We prefer Bitcoin for long term investment because Bitcoin is one of the most reliable currencies and we are sure that our money will be safe if we invest in Bitcoin. Investment is the second step and financial security is the first step. If our capital is not secured then where will the profit be accumulated and where will the profit come from. A true investor will prioritize his money first and invest his money where it is safe.
We have no doubt that Bitcoin is a very safe digital currency, so Bitcoin is the first choice of every investor if he wants to hold his investment for a long time. Investing is now possible starting small and building up your net worth over a long period of time.

Investors now prefer to invest in DCA method, as a result of which those who have enough money to invest are investing, it can be seen that if an investor invests in a 5 to 6 year plan, his total investment amount is much higher. You also mentioned that there are many investors who want to get rich quick, in this case I would clearly say to them that they can never plan their investments for a long time. Within a few days after investing, when they find that their profit is not as expected or showing some temporary loss instead of profit, then they will get upset with the investment and they will sell their investment at that time.  

Investors with this type of mentality find it very difficult to hold onto their investments. First you have to perfect your mind for investment then long term plan to hold your investment.


It is definitely a good point that there are some other coins in the market for trading which are fairly reliable and perfect for short term trading. Among all the ALT coins in the market, if you can trade with the important coins, then if you trade correctly, you can earn a good amount of money every day. There are many reasons behind why I advocate ALT Coin for trading. Some ALT coins have a relatively low price and the market volatility of all those coins is high, in addition to the high volatility in the market, the trading volume of those coins is relatively high, so the faster the price of the coin goes down, the faster the price of that coin rises again. This shows that a trader can make some profit if he takes up trading for a short period of time.

For many years it exist we see how big the potential of bitcoin for investment and for usage as currency so for sure a lot of us here especially those experience one are acquiring bitcoin for that reasons. Maybe they are still few individuals are there its because they heard that they can earn a lot of money without doing any research so its good that we are here to enlightened those guys and give more valid information so that they will not get hype and think about more accurate for bitcoin.

There's no other than best choice among other currency since bitcoin stand still on any trial it face and for sure for investing it then thinking about for long term they get rewarded for efforts also the patience they do since bitcoin is always best for that.

Sometimes when people are told about investing in bitcoin and nothing but bitcoin, it seams like a nursery rhyme that is being reapeated always. where as it's agender is for a greater porpose of people not to make mistakes. It would be bad for people to see the future and important of bitcoin investment, yet they choose not to invest wisely. and possibly people pay deaf ears to  invest In it . No matter what happens the sheep will always be ships and the Wolves also the Wolves.

I have tested altcoins and see the difference between them and bitcoin. Its never a comparison.  Though sometimes people need to loss sum huge amount of fund to altcoin for them to learn their lessons, otherwise they will think all what they say here is a joke.

Whatever that is taught on this thread for age's is not really a joke and not for merit porpose but to impact moral to people and learn investment plan. Despite all what I have learnt here About investing on bitcoin I choose to try luck on altcoin but lost some fund of About $30. thou it might look very small but in DCA of $5 weekly can serve for a month and 2 weeks so its something. So when I lost it due to greed of making fast profit, i realised that it has been said reapeatedly never to invest on altcoins but only on bitcoin and holding for long. So I urge everyone that this thread has generated Upto 250 pages, and that is not a joke and not to be taken for granted. It gives joy to someone seeing that all efforts made to educate people should not be proven abortive. But a point of contact for the betterment of the future of everyone.

Making your amount smaller does not cause the return to become more guaranteed. 

Your chances for a good or a bad return are the same whether your invest a small amount into bitcoin or a large amount.

On the other hand, your chances of not feeling the negative effects such as getting emotional about your BTC investment and about losing money are reduced if you reduce the amount you invest and also if you invest over a longer period of time.. like you mentioned, you could end up investing a lot more into bitcoin than what you would have had invested if you were to have had to decide to lump sum into it.. .,.

On the other hand (am I running out of hands yet) if you end up being too wimpy in your BTC investment, you could regret that you did not invest more or to invest in a quicker kind of way (maybe front-loading your investment).

In the end, there is a balance between how aggressive you feel that you can be without causing other possible problems of overdoing it in terms of either emotional and/or financial risk due to improper planning.

Even if you invest various lump sums into bitcoin, you can smooth out your lump sum investment with DCA, yet there still can be a lot of differences between people in terms of whether they ever get access to lump sum funds and also how they might identify and then treat such lump sum funds if they choose to allocate them towards bitcoin investing.

Some one who does not build up and/or manage their emergency fund very well might not know how to identify or to manage lump sum funds, either. Lump sum might not be as common as having abilities to manage smaller amounts of cashflow as the cashflow comes in, but lump sum does come up from time to time, and can sometimes be applicable and very powerful for those folks who have figured out how to identify categories of their money and to figure out how much emergency fund that they need and to be able to recognize/appreciate the amount of extra funds that they could use towards bitcoin investing. 

Just the ability to accurately identify how much money is excessive (and can be treated as a bitcoin investment amount) beyond the emergency funds is something that can develop and improve with practice.

The calculations which I have shown in my previous posts are not about investing a big amount rather they show results of investing 10$ per week over a longer duration. If you are investing a small amount continuously then you are deemed to get success. 
It's all about educating yourself that bitcoin is a secure investment. I am saying Bitcoin is secure investment not just because I have Bitcoins but based on historical data. Those who want to improve there financial conditions and are not investing in Bitcoin are doing unjust with them. 


That's very good point. Delaying your investment plan wont give you anything. A thousand mile journey start with a single step, so is bitcoin investment. The first step will be difficult and its about convincing yourself to invest in Bitcoin. We have discussed so many scenarios here that show results of investing in bitcoin. Bitcoin do takes time but it gives guaranteed return more then any Bank can offer.

We cannot assume that everyone has a plan or even that the plan that they have is good for them, and the person who makes the plan is in the best position to judge the extent to which their plan is customized to their various personal circumstances, including mostly the 9 areas that I mentioned in my other post.


Yeah, but we are not talking about shitcoins here or even trying to suggest that shitcoiners are anything other than retarded.

So your attempt to suggest that shitcoiners have equally good ideas is likely invalid - and is also showing that you likely do not know and/or understand bitcoin well enough in order to recognize and appreciate that investing into shitcoins has some kind of equivalency to bitcoin.

The fact of the matter is that bitcoin is both the superior asset, but is mostly the ONLY asset that invented anything that is meaningful and significant, so even though various shitcoins might be attempting to contribute various innovations, they are largely building upon an area that bitcoin already invented (or discovered).

Hopefully, for your own good you limit your exposure to shitcoins to less than 10% of the size of your bitcoin portfolio in terms of time, energies and value invested into any of them...  and even 10% may well be way too much, especially for someone who is brand new to the space and should be learning bitcoin first before venturing into shitcoins.


Sure, there are people who invest into bitcoin merely for its return.. and it probably is better to think of bitcoin in those kinds of ways than to get lured into various shitcoins.., but a return only assessment of bitcoin is quite superficial since bitcoin is more than just its returns, and the reason that bitcoin has good returns has to do with various aspects of its fundamentals, includign that it has invented/discovered ways to resolve the digital scarcity/duplication/double spend problem that had not been resolved before bitcoin came onto the scene (even though surely bitcoin did end up taking several aspects from prior learnings, but it had a few of its own innovations, such as the difficulty adjustment and also the way that it designed its supply issuance into halvenings that created various kinds of minimal trust incentives and even dynamics in which individuals acting in their own self-interests ends up contributing to the bitcoin system becoming stronger and stronger with the passage of time.... decently-good lindy effects).   


True.. there are people who invest in both bitcoin and shitcoins, and may even keep most of their value in bitcoin.


You are repeating your dumb-ass conclusion that seems to want to suggest that there is something that is even close to equivalent to choose to go into shitcoins rather than bitcoin, which is surely not the case.

Even if some of the shitcoiners are smart in various ways, they are dumb in the sense that they might not know sufficiently about bitcoin or they are scammers to the extent that they might promote shitcoins or to either denigrate bitcoin or to fail/refuse to acknowledge bitcoin's superiority in the space.  There is no reason that any of us should have to accept any false representation that shitcoins are similar to bitcoin or that there is any redeeming value to getting involved in shitcoins for either financial reasons or even for moral reasons...   

And, even if someone might have some morally acceptable reasons for either getting involved in shitcoins or representing them as if they were equivalent to bitcoin, we don't need to be having those kinds of conversations in this thread, including trying to figure out or explore which shitcoins are less shitty... so if you want to continue to make those arguments, you should take them to another thread, since this is a bitcoin thread, and we don't need those kinds of distractions, as subtle as you are trying to make the case for such supposed equivalency of shitcoins, which is not true.

Again, if you are tempted to invest anything into shitcoins, which is a kind of gambling, hopefully you are at least smart enough to limit your investment to less than 10% of the size of your bitcoin investment.. and even that may well be too much.


That is a good point about trading. 

We are not talking about trading here, but anyone who is trading, they may well be able to find quite a bit more utility in trading shitcoins rather than trading bitcoin, and in fact, it makes some sense to trade shitcoins especially since they are in and out kind of assets that you likely should not be holding any of them for the long term, but it does not make very much sense to trade bitcoin, even though there are ways to manage your bitcoins that involve selling on the way up and buying on the way down. 

Yet personally, it seems to me that it is much better to build your BTC stash to a certainly high level prior to even messing around with selling any of it..  -  especially if you are still in your BTC accumulation stage, it makes less sense to sell in order to accumulate rather than to merely engage in various forms of buying of BTC in order to accumulate.. but of course, once you accumulate a decently large bitcoin stash, then you could use those kinds of factors to help you in terms of ways to manage your BTC stash, which may include selling on the way up.. but we are not talking about those kinds of systems here, except maybe in passing..

We don't invest in Bitcoin just thinking that it will give good returns but we have some other purpose to invest in Bitcoin. Bitcoin is one of the most reliable investment platform where investing money will be much safer than other platforms and Bitcoin is the best in holding the investment for a long period of time. While all other coins in the market have the possibility of disappearing from the market, Bitcoin has no possibility of disappearing from the market. There are many coins that suddenly grow so much that many investors think they should have invested in those coils. Investors may think so in the beginning, but after a few days, they get rid of this misconception and realize that investing in Bitcoin is the best choice for them.  

We will trust and invest money in a coin that all other coins in the market depend on.

Every investor has certain plans before investing which may not be the same as other investors. Each plan has its own investment strategy and investors generally prefer to adopt different investment strategies. As an investor I plan to hold Bitcoin for a long period of time as well as increase the amount invested with time and financial understanding. Other investors may have similar or different plans.
First of all, we need to get rid of the get-rich-quick mentality. An investor can't get rich overnight by working or investing outside of finding a bank robbery treasure or a big lottery win. Instead of worrying about how to get rich quick, we should plan whether we are investing properly and whether we can hold our investment for a long time. It is good for us if we plan to hold the investment for a long time and if we can work according to that plan.
It will always be a good decision to keep Bitcoin as a long term investment and invest in Bitcoin. I don't have much confidence in ALT coins so I want to put full trust in Bitcoin. But in the case of trading, it is often seen that various traders recommend using some ALT coins in the market because some ALT coins in the market give good returns in the case of trading.

Talking about the investment every person has their plan and wants to execute it. For some Bitcoin is everything and for some other cryptocurrency is good. We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly. But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.
So I just clear that for some Bitcoin is all about and for some others altcoins matter.

Actually, there is no harm in doing analysis before buying bitcoin. However, if the analysis takes too long to make you hesitate when making a purchase, I think the action is a bit excessive. Because for example the analysis is good and thorough, but in the end you hesitate when making a purchase (procrastinate), most likely the end result will not be good. So the solution is just to analyze Bitcoin well, then after that make a purchase with the money that has been prepared (cold money) and don't think too much which makes your mind anxious.

Besides, I think having a habit like that is also a bit bad. Because I am of the view that if bitcoin investors have a habit of delaying purchases, there are several factors surrounding these investors.

• It could be because the person is too greedy in seeking profit
• Using hot money
• Short term investors
• or also beginners who are just starting to invest.

But basically I also don't blame people like that. Because after all it is their money, their decisions and every decision that comes out is their right. But this is a lesson for me as well as for anyone who doesn't understand this yet. In fact, delaying purchases when investing in bitcoin is not a good thing.

And DCA is indeed a good solution to this problem. Because if I buy bitcoin with the DCA strategy, what I experience is that I enjoy the investment process more. Because I don't need to be confused about when to buy bitcoin (because it has been determined from the start) and I'm not afraid of missing out on cheap prices (because the goal is not for a short time). So if you invest in Bitcoin with a DCA strategy, everything becomes more focused and directed very neatly.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Waiting for bitcoin to arrive at a particular before investing can discourage you as an investor, bitcoin value remains it value, people make poor decision by thinking that bitcoin will reach their preferable price, as a good investor what you should be looking out for is the durability of the stuff you want to invest in.

The risk level, if the risk level surpasses the profit in the long run, as an investor that understands bitcoin, you should know that bitcoin price is not fixed, it can rise and fall overnight, you might wait but the price keep disappointing your satisfaction and then you might have used the fund set aside for the investment, so if your are interested just make a move don't be a spectator, most importantly be guilded.

There is a point on what @Jaycoinz said because there is no way you can compare someone who invested huge on Bitcoin and someone who invest little by little on Bitcoin so I agree with @Jaycoinz that the poor tend to hold more longer than the rich because of the profits margin because there is no way a poor man who invested $200 on Bitcoin could easily see a good profits even if the price of Bitcoin gets to $60k but however they will have to wait for a longer time until the price gets to a certain level before they could see a little profits and however sometimes is not even guarantee that price will get to that extent. But in times of the rich investment do to how huge he may have invested on Bitcoin any slight move on Bitcoin reflects a good profits to his investment, so perhaps that's why we cannot compare the poor and the rich on that aspects, I think @Jay JuanGee explains a bit about these on his previous post, perhaps you can go back to his previous post to read through for more clarification.

When someone only has plans to be able to invest in Bitcoin of course they have to start doing it, don't just plan and never start, if we wait until the price is low in our opinion before buying it of course we will never be able to buy it and it will be very detrimental if we couldn't collect any of it.
What you say is very right, it would be better for us to continue to develop our Bitcoin portfolio using the DCA method and also we will continue to buy it with the amount we can afford, anyone can invest in Bitcoin using this method and we must focus on ourselves and never care other people's losses.

Yes I have also said this before that investing is not like trading at all you wait for opportunities and invest when the opportunity rises and sell when the price rises. Bitcoin is now worth $45,000 At this time, those who are waiting for the time when Bitcoin will go to $35,000 do a good research, when the price of Bitcoin was $35,000 they were waiting for the price of Bitcoin to return to $25,000. That is, such investors have been trying to invest for a long time but they are only planning to invest in a market much lower than the current market, that is why they have not been able to invest so far.

I can confidently say that investors who are currently waiting for the Bitcoin market to return to $35,000 will again wait for the market to return to $45,000 when the price of Bitcoin touches $55,000 or $60,000. If they could have invested without thinking so much when the price of Bitcoin was 35000 dollars at that time, but at this time they did not have to wait for the market to go back to 35000 dollars.

The Bitcoin market is now hovering between $40,000 and $45,000. At this time, those who will invest in Bitcoin without thinking too much and keep their investment for a long time will consider their decision as the right decision without regret in the future. If you have an idea about investing, there is nothing to do so much research or wait so much about the market, you have money to invest, invest and keep that investment and if possible keep increasing your investment is the best decision for a new investor.