Topic: Buy the DIP, and HODL! - page 363. (Read 124182 times)

As long as you pick a position size that is reasonable, even if you are ONLY able to buy $10 of bitcoin per week, you can invest and learn as you go, and so the longer that you are buying bitcoin and studying it, the more you will learn along the way.... so having a bit of stake in bitcoin can be helpful to learning, and if you feel that you don't know enough, then just make sure that you keep your investment amount on the lower end until you start to feel more comfortable with it.

Another thing is that people sometimes will get mixed up with exchanges versus holding their own bitcoin, so if you keep your coins on exchanges, there are some risks with that, yet personally, I am o.k. with beginners keeping coins on exchanges until they start to get to higher numbers, such as $500, $1k or even more, and then once you get to those higher amounts, then you should be figuring out ways to move some or all of the BTC that you have on exchanges to private wallets.   In recent times, it can be expensive to move a bunch of small BTC transactions.


People who believe that they are late to bitcoin don't understand bitcoin, and in 4 to 10 years or longer, some of those fence sitters and/or no coiners are going to feel that they have to change their mind and either end up getting into bitcoin or putting off their investment into bitcoin even further, and some of them may well end up dying without any bitcoin, and in the mean time, the folks who have been ongoingly accumulating bitcoin, even the ones just getting into bitcoin now, are going to have very decent chances to be way better off than those folks (including having more options in life). 

So there are likely going to continue to be a lot of folks who fail to get in or delay getting in or deny that bitcoin is still in its early stages, and those people are likely to be the ones who are disadvantaged by their ongoing failure/refusal to either study more into bitcoin and/or to take action, even if they are still studying and trying to figure out what bitcoin is.

It is difficult to to know exactly how early we are, but it does seem that a lot of us are still ahead of institutional and government investors - which is not usually something that we are able to invest into.. because usually normal people are not able to front run institutional and governmental investors... which also seems to be a sign that we are still very early in the BTC adoption process.


With bitcoin it is good to dive in and get the fuck started.

With bitcoin an overwhelming number of people wait too damned long, and they better get started rather than sitting around twiddling their thumbs.

One of the ways to deal with supposed "risks" is with position size and DCA.. and maybe a little bit of front-loading of the investment.

So there is a need to get enough of a stake into bitcoin so that you have enough that you feel comfortable if the price goes shooting up, so you do not run the risk of FOMO.. 

and another issue is to be able to have enough money to invest in case the BTC price goes down or sideways rather than UP, and in that case there is a need to be able to either to establish a DCA plan and/or to buy on dips.

Another issue is figuring out your own finances, but you can learn a lot of that as you go.. so the initial investment should not take a whole hell of a lot of work.. to merely figure out whether you have $10 or $100 or whatever available to get started.. and then figure out the other details as you go, including getting your finances in order (if they are out of order) and creating and maintaining an emergency fund (if you don't already have one).


Exactly.  In bitcoin there are people from all walks of life.  Smart people, dumb people, people who have specific specialty areas and who are smart in those specialty areas, and some know things about bitcoin and some do not.  So knowing specifically about aspects of bitcoin is a learning process, and there may be a lot of areas that you may or may not know or be able to figure out, yet even just learning about your own financial and psychological management attributes can be something that you can improve upon through investing in bitcoin, even though people will have a variety of different levels of knowledge in regards to their own financial and psychological management, even though you can also learn and get better at those matters as you go forward in your investment in bitcoin, too.


I agree with you that an "all in" method is not a good starting method; however, getting started as soon as possible is a good method, and it does not even matter the BTC price, as long as you are invested for the longer term 4-10 years or longer, you can start at any time... and perhaps front load a bit, but just do not go "all in" as that is not a good way to go forward, even though the intuition to lump sum is not a bad one, as long as you are able to supplement with DCA and buying on dips.. and sticking out your investment for 4-10 years or longer.


That does not sound right.  DCA works for everyone, whether plebs or not.

In order to prepare for UP, you have to get a stake in the game, and if you have no stake in the game, then you run the risk of FOMOing when the BTC price is going up.. so sometimes a bit of front-load lump summing can be a good thing, and just planning to buy for the next 4-10 years or longer, and reassess at various points along the way.


I think that it can be and maybe should be both.

Bitcoin is both number go up technology and it also possesses various financial sovereignty attributes that are beneficial to holders and even beneficial to system-wide aspect of the unfairness of the current money system that privileges insiders (and various persons closer to the money).  

By the way, bitcoin also benefits various persons closer to the money in the sense that those who get in first are likely benefitted quite more than those who get in later... even though some of the unfairnesses of the status quo system can still be transferred into bitcoin, since status quo rich persons, institutions and governments will advantage more than status quo poor persons, institutions and governments, yet those of the same class who get in first are likely to benefit more than those who get in later..   Bitcoin does not resolve all unfairness problems in the world, but it does seem to bring a lot of correcting mechanisms into the mix to take out quite a few of the middleman rent seekers who are in the current problematic systems that are in place.


You surely must have started late with your DCA strategy, because if I look at your registration date, if you had been strictly and consistently DCA'ing since March 2017, you should have had an average cost per BTC of right around $8,700.  

What you said is true, there are still part of Bitcoin people don't know, where one stop marks the beginning of others, we never can tell if people get to know about it, this might lead to reluctance by individuals who are ready to invest, in the aspect of bitcoin knowledge before investing in it, the knowledge of Bitcoin is a continuous process, once you have the knowledge of how the system works and the secured wallet to use in storing your Bitcoin at this point, I think that you are good to go, other process of learning follows later once you are fully into the business.

Know doubt every investor wants a profit-oriented business and also want to make money in any investment they are into, but such investor should also know that loss in a business settings is inevitable and there is nothing anyone can do to stop it from happening, that's why it is advisable for one to chose the plan that fits him or her in other to avoid self blame.

This is a good strategy to use to see if you can buy at the low price from the initial price during the week and I haven't thought of this since I started my DCA approach. I am also looking at it from this way that since I am a newbie who has already made up my mind to hodli for a long term and at the same time increase my bitcoin portfolio. Looking for the dip wouldn't be necessary as it might even make you ignore the opportunity to buy at that moment that the funds is available at the available price and when you don't, you might be unlucky that the price will then move above the price that you were suppose to buy. Looking for the dip during the week might not be helpful, buy immediately you have the money since you are on a long term drive, because the price different wouldn't be much. Where this will be very helpful will be for investors that are buying once in a month, they can have the opportunity to take their time to look for the dip price of bitcoin within the month to take advantage of and also have a time limit like you said. Accumulating persistently is what really matters.

On the other hand if an investor wants to take advantage of the dip, then he should always save some unwanted and unexpected funds to buy at dip.

I will also say that it is lack of determination and zeal to get started. Also I think that such people are more of short term mindset.

It like you are a shitcoin investor, this one that you are coming here to hype shitcoin. If it is true, you should better sell those shitcoin of your and invest the money on bitcoin, if not you will regret it. You cannot compare superior to inferior. Like @JJG said if you can't do without shitcoin, let it be below 10% of your investment portfolio. Whatever, you have your own decision to make.

Too much analysis for me he is doing trading not buy bitcoin for investment.

I quite agree with your points: I think it is indeed to be excessive because the goal of investing is even hampered by the analysis that is made but instead it becomes doubt and anxiety in the end to delay the purchase of bitcoin because it is still in doubt and the rest.

1. Just do the analysis, if the price corrects/discounts then buy in a lumpsum way.
2. If you are not good at analysis, just invest with the DCA method you don't need to think about the price up / down on its basis, just keep buying with continuous accumulation.

Do not forget about cash flow adjustments, set aside how many percent for bitcoin does not need to be too large a percentage, enough you take every month from the salary received the rest maybe 70% can be used according to your needs.

DCA is indeed the right way, I have been doing it all the time until now, I don't see the price going up / down and keep buying regardless of anything, see what is shown I previously had an average purchase of $28K because DCA is already profitable of course but I will continue DCA.

I disagree with this statement. We did not invest in bitcoin because it gives us great returns from our investments, we invest in bitcoin because it gives us total control over our money, no third party will decide how and when we will do our transactions in bitcoin, it helps to overcome inflation, and our bitcoin investment is safer because bitcoin is not a pump and dump coin.

In my personal opinion, newbies could buy now - as long as they're entering into a favorable price-point if buying the DIP, OR any price-point if the intend to DCA, THEN learn more deeply about it later.

If a newbie waits to learn more about it first, he/she might end up buying much later because there's simply so much more to learn once you have learned about Bitcoin. Truly learning about it is a long term journey and discovery.


For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.

Before people start investing in Bitcoin, they should learn about it first. They don't need to immediately decide to invest in Bitcoin, especially if they don't know how. Most people rush into investing in Bitcoin, so many of them panic when things don't go according to their wishes.

Although investing in Bitcoin can be used for the short term, many people realize they can make huge profits if they hold for a long time. The profits will be greater than in the short term and they can also use their time to accumulate more Bitcoins.

But whatever time they choose, make sure they study it first so they don't make the wrong move. And only use money they can afford to invest in Bitcoin. Many people use the all-in method, which is not recommended due to a lack of knowledge about investing in Bitcoin.

At a particular time, we all started being a learner and gradually got ourselves developed and equipped about bitcoin knowledge, now the first stage has be achieved and conquered by you, knowing about bitcoin and having the understanding of what differentiates it from altcoins, the moment we know about what we do, they we have victory over it and can't be a victim to any of it's mistakes even when others are falling, that is why information is the key.

Secondly, you don't have to relent, you will always get updated to many informations needed of you to know about bitcoin and how to make a successful investment in them, not that altcoins aren't profitable on some people, but the risk associated to it is more than the benefits it offers to it's investors, but when you're in look on something reliable and trustworthy, you maintain your search within Bitcoin network.

I actually agree with @Popkon6 that Bitcoin is the best asset for investment with the right approach being long term. People start investment through different motivations with the common denominator being to make money at the end. Like you rightly said, the sole reason for investing is to make profits but care must be taken if we must achieve this purpose and also be able to sustain the money.

You said something about knowledge of Bitcoin, I think it is only basic knowledge of Bitcoin you need to start already because complete knowledge of Bitcoin is still something that is unfolding. That is why we have Bitcoin devs, they are constantly improving the Bitcoin network to add better security and ease of use. To buttress this, you can see that the Bitcoin network is yet to overcome the ordinal attack that was launched on it using vulnerability some people noticed. This was not seen years ago and is a result of continuous study of the Bitcoin protocol. So the knowledge aspect is not something that should be the decider for investment even though it is important.

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..