Topic: Buy the DIP, and HODL! - page 384. (Read 123435 times)

Even though I agree that there are likely advantages to learn from people with more experience, we still need to be careful in regards to both understanding the source of our information and also to make sure that we are coordinating the information that we learn with our own experiences and knowledge of our own situation in order that we attempt to make the right decisions for ourself.

And, if we have doubts about what to do there are ways to hedge our risk with position size.. that we can adjust in accordance with our learning.  

A lot of our learning should relate to knowing ourself and figuring out our own cashflow situation, but of course there are other areas of learning too, such as the ones that I listed in my 9 areas to consider and to build.  I am a bit bothered by the idea of "professional economist" - whether you are referring to some kind of a consultant who knows about investing, but many of the folks that we understand to be current professional portfolio advisors do not tend to advise about bitcoin because there is hardly no way that they can charge fees with bitcoin, even though in the future, there are more and more products that allow them to take a fee.. whether the bitcoin spot ETF that is likely to be approved and maybe some other bitcoin related product that might be available, but still there are a lot of disadvantages to holding those kinds of products as compared with directly holding bitcoin.

I doubt any of those kinds of biases are going to go away when it comes to consulting with professional investment advisors, even though surely there may be some of them who are able to still help you without directing you towards products in which they get a cut.


When I first got into bitcoin in late 2013, I was not really sure about a 1-2 year investment into bitcoin minimum.. but with the passage of time, it seems that the investment case for bitcoin in the long term is even greater, so I doubt that 3-4 years is a long term investment, and if you are planning on cashing out for "sweet gains," then you are surely only thinking in terms of short-term dollar gains rather than planning for a possible lifetime in which you might always own bitcoin absent some kind of notice that you might not be living very long and then decide to cash out  more of your bitcoin within that kind of a context.

Sure one of the problems with older people who might be 65 years or beyond, they might start to feel that they are not really able to sacrifice a lot of liquidity, so they might be worried about their abilities to invest in the long term, and surely a person who is younger with health conditions might have similar difficulties in terms of his/her investment time horizon.    No one can tell you what is your investment time horizon, or what you believe might be a better investment than bitcoin to put your "sweet gains" rather than merely letting your bitcoin investment ride and letting the gains roll over into the potential of more gains when your BTC investment compounds and compounds and compounds.. and yeah, there are no guarantees, and probably the lack of guarantees causes you to feel that there might be some advantage to realize your supposed "sweet gains" rather than merely allowing them to roll over until you reach a higher stage of actually knowing what might be the reason that many longer term bitcoin holders have way more wealth related options as compared to those who are not able to hold through even a whole cycle.

content creators don't just promote Bitcoin, what they do is to promote platforms that can be used to buying, selling and trading of bitcoin and other cryptocurrency and they are mostly paid by the owners of such platforms to run the advert for them and so whatever they say in course of making the advert is purely a scripted stuff that is giving to them by these platforms and this is the major reason you shouldn't consider what they are saying as a financial advise or the best strategies to be used.

This is the problem of most investors they end up not making profit due to their high expectation, the strategy of buying with little amount for beginners is a great idea but not for only beginners, a lot of investors who claim they know what they're doing and end up with loss, the ones with low income can adopt this method, for example a salary earner with little income after receiving monthly salary it's best to make a budget, bitcoin investment should be added to the list every month 10% or 15% use in accumulating bitcoin, if investors with little income can follow this process every month the investor will be stress free and can settle other financial problems rather than using a huge amount in accumulating, I will like to observe investors like this I believe they will always want to check the price almost everyday and when it doesn't get to their expectation they end up selling without a target, in long term investment bitcoin is the best but what most people fail to understand invest the little you can afford.

From my observation not all investors will end up making profit for example the ones that never get satisfied with their investment they always want more using the money meant for food stuffs etc to accumulate more they will always end up selling without a target to settle family needs, the hasty and confused ones moving from different coin for quick profit forgetting investment like this needs consistency  and patient.

The more market research you do the more you will want to sell your accumulated bitcoins. So it is better to invest in Bitcoin by looking at charts, because those who want to invest for long term must invest in DCA method in Bitcoin weekly or monthly. Investing in DCA method is so good that only the person invested can realize it. You sell bitcoins at different prices and on average your purchase price will be much lower. This is why the DCA method is the most popular and best among people because of its wide range of effectiveness.

I understand what you are saying, but it's not always easy for newbies to stop watching the daily movement of Bitcoin price, or constantly asking for what's the price of Bitcoin today. I think this is necessary in preparing them to also understand the process. You know a child will start crawl before he/she can walk and run. Even if you advise them not to do so they won't listen, at some point every investors went through such emotional problems that's associated with monitoring the daily price of Bitcoin.

Every investor is new at the beginning. But slowly learning to invest in Bitcoin will surely gain experience and later on he will become a skilled and ideal investor. So every investor must be patient because the only great way to invest is to take risks. The more you take risks, the more you learn.

Investment must be kept for a long time otherwise it will not be a long term investment. Because I invested myself and tried to hold for a long time and I was successful in holding Bitcoin for the last 13 months. And in the future I will hold more as I see my wallet assets improve. So everyone try to hold investment in Bitcoin. A person must have a long term investment in Bitcoin to be successful in life.

If you just want to create content about daily, weekly and monthly Bitcoin price charts to be able to show it to audiences who follow it on social media, I think that's quite strange and doesn't make sense. Because someone can create content about Bitcoin price charts without having to sell the Bitcoins they already own or the Bitcoins they are saving as a good investment for themselves, because there are many price charts that have been formed in the past and they can be taken for some content which can indeed be exposed to all audiences who have followed him on social media.

This is not a complicated thing to discuss because for an expert in creating content, of course he can take a price chart that has occurred in the past for his new content as an example to present to the audience who follows him on social media. And he also doesn't need to sacrifice his investment or trading if he is hunting for profits via Bitcoin.

Content creator have two side when promoting about bitcoin as way how to get huge traffic with their content and another way to make their channel more be popular. But when present information about accurate data about bitcoin price in daily, weekly and monthly is not huge problem and they are giving best information for us and not have to worry with all data present by content creator.
Positive side when have some one present about bitcoin price daily day because as bitcoin holder have motivate keep accumulate and purchase bitcoin how much ever price up or down, with data present by content creator not difficult for us find with bitcoin price have been accumulate last week or last month and becoming our comparison price of bitcoin have earn much profitable or not.

Perhaps you are right but however your perception and other investors may not be the same and also your Decipline and ways to handle some unforseen circumstances may also not be the same in times of seeing the price of Bitcoin dropping, actually I'm saying based on the experience I had when I started accumulating on Bitcoin and by that time I had no much knowledge about Bitcoin so I decided to buy on a certain price so after then I continue watching the Bitcoin price to see how fast is going to move, so however it was not up to two weeks and the price falls below my entering point so as someone who doesn't really understand much about Bitcoin then I began to panic as the price continues  to fall and it actually affected my emotions then. So it doesn't matter how well you can handle it but what matters is how most people who doesn't really understand Bitcoin will handle it if they continues to monitor the price movement of Bitcoin.

That's the reason I said is not mostly advisable to constantly be watching and monitor every price movement of Bitcoin on less you are a Lump sum investor.

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

There is nothing wrong looking at the price movement of Bitcoin consistently. I like watching at the price, so that if price goes down that's great. It will give me more time to accumulate since i just started accumulating Bitcoin. However monitoring the market doesn't mean I dont have lots of confidence in Bitcoin and also downturns dont bother me because I understand the nature of Bitcoin. For those who have long invested in Bitcoin for 3 to 4 years now I think having a good feel for the market can help you know when it's time to sell a little and take that sweet gains.

When spare money becomes available, someone who believes in bitcoin future will invest in it, regardless of how much the price of bitcoin is at that moment. I believe you are acting in this manner, and I sense that your bitcoin investment has been profitable thus far. Continue investing in bitcoin as the price fluctuates up and down in your favor to keep accumulating bitcoin no matter how small it is. My advice to you is don't deviate from accumulating bitcoin to altcoins as we anticipate the crypto bull run to start soon(2024)

Put differently, you can not determine a short term investor from a long term holder/investor from one act or in just a single scenario. someone could be a long-term holder and at the same time be selling in a little increment in price, whereas you can not consider them short term investors this can be as a result of a well prepared plan for investment.
Disclaimer; this is an imaginary example
If Churchillvv has a portfolio of which he holds his investment and has a good cash flow, he can as well create another portfolio where he can buy Bitcoin in a relative price and sell during a little increment in price it doesn't stop him from holding his original investment. To further buttress if Churchillvv has a minimum amount of $15k worth of Bitcoin after preparing other funds for his personal activities he can use a $1,500 to buy Bitcoin during the dips and sell via bull season and/or on any increment in price in this scenario he cannot be considered a short-term investor.

But if JJG has the same Bitcoin stash as Churchillvv but sells it all or some at the slittest increase in price he can be considered a short-term investor and/or a Bitcoin gambler because he doesn't not have an alternative portfolio for his gambling. the example above is a mere assumption to differentiate a short-term investor from a long-term investor.

Both the short term investors and the Long term investors doesn't not need a chart to know the future of Bitcoin price as far as the speculated price for Bitcoin has not been met in common sense one should be able to understand that it still has much to come that it has already.
As I have always said you can gamble with your Bitcoin as desired because you have the right to make decisions but it best done when you have a portfolio where you hold a certain amount of Bitcoin to be prepared for both the UPPity and DOWNity of Bitcoin.

Additionally there are rules that apply to investment which must be put in place before venturing into any investment weather bitcoin investment or any other investment outside the forum. It best to have all the requirements for investment in order to sail through all the waves in investment, if you haven't given this rules its at this scenario that you would sell your Bitcoin to solve the so called personal problems if you have an emergency funds that can push you through both the good and bad times you will find out that there is no need to touch your investment when anything hits you. most people for victim of regret in their investments because they lack the know how on investment and hence refuse to seek professional economist advise.


I had to read thoroughly to understand your point but it seems to contradict itself IMHO. You should be clear in presenting your speech though I now understand a little bit of it which I will buttress, every short term investor/Bitcoin gambler is not always interested in what will be the out come of Bitcoin later or future they are just interested in the little profit that comes with the little price movement that shows up at anytime. Although we always advise them to limit their short term interest but it is the very least advise they wish to adhere to hence every individuals has his or her decision to make so be it as it may let them do what is best for them.

Why do they panic, because they put in large amounts of money and they sell quickly because they are not yet strong enough to accept the reality that prices fall quickly. That's the big difference when they put in big money but don't have the strength to hold it any longer. In investing, the money we use is of course money that we do not use for our living needs, so we will be ready to accept whatever risks occur in our investment journey. For those who target fast profits by buying instantly or more aggressively with all the money they have, of course this will be a big risk if they are not ready to see market changes so quickly.

In this thread in a JJG post where JJG says that for beginners it is better to start investing with a smaller value with dca like $10 and can increase it slowly, this is of course to strengthen our mentality in our investment journey. We can't climb the ladder by going through 10 stages because we need to move one step at a time and that's a good strategy for beginners.

This diagram explains a little bit of how most of the investors react to there investment whenever they see the price of Bitcoin moving this way, the first thing that would come to there mind is that Bitcoin price is about to fall and before they realizes themselves they had already started panicking and even selling there Bitcoin.

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.



Source: https://www.coinbase.com/learn/advanced-trading/reading-financial-charts

I doubt that it us only beginners that does this, from what I understand, it is the mindset that they used to venture into bitcoin investment that will control your emotion and thoughts. There are still some people that are old in bitcoin that are also carrying out such practice, because they never have any plan to invest for a long period of time and also to have a bitcoin target and how to achieve it.

However, sometimes it works for them and they feel that they are smart but not knowing that they were only lucky to sell at the right time and the price of bitcoin dips to favor them, but most times they make wrong decisions and sell thinking that the price will dip but only for the price to keep pumping and they will regret their actions because they will not be able to buy back till they miss out.

This is why a newbie should have a long-term goal mindset with a bitcoin target, so that s/he can stay focus on accumulating with regular DCA at any time either in the bull or dips to grow his/her bitcoin portfolio. With this, you will never think of selling until you have reached your bitcoin target or very close to your bitcoin target, as long as he has made available emergency funds and reserve funds down.

There are not many reliable coins apart from Bitcoin. New coins are launched every quarter with attractive features like improved scalability, innovation in Blockchain. These new coins went up for sometimes and are then lost away in darkness. The reality till date is that we have Bitcoin standing firmly for over a decade and its continuously growing. This makes it ideal for long term investment since we are sure that Bitcoin will be there after 5 years or even beyond that.

You bought it in DCA manner and that's the best way to accumulate Bitcoin. If you have a strategy to accumulate Bitcoin then go and accumulate in that way. There is no need to pay attention to what others are saying as long as you are comfortable. The more we use our brain, the more we learn.


As I said its all up to you. Go as you like it becasue in the end its you who will bear loss or enjoy profit. If you think its best to hold now then go for it.


Unfortunately most people start selling if they see small profit or see small loss. Such people miss out the bigger opportunity which comes after years of holding your coins. The patience is the first and foremost thing you must have as a Bitcoin investor. One need to spend time here and understand how it works, those who rush here end up losing there money.

Bitcoin investment is not an investment that you rush into selling when their is a small bull in the market. The investment requires patience and emotional mind control for a long term. If your mind is not prepared, you will always get a negative energy and another instinct to sell of your investment so that you don’t be at loss. Bitcoin investment has shown a promising return on investment for years now, it is only the ones that understand how the market works that take advantage of the golden opportunity that bitcoin holds.

That's one of the challenges most panic sellers normally face, at first there intentions will be for holding and as time goes by and they feel that if they sell there Bitcoin now they could realize some profits and wait for the Bitcoin price to drop again before they can start accumulating again, without knowing that is a wrong strategy for investment.

If I'm not mistaken your friend could be a beginner because that's what most beginners who just started accumulating Bitcoin normally do, because I have actually had similar experience with someone close to me whom accumulated a good amount of Bitcoin through the money they paid him on a contract he did so he was looking for an investment to put the money so he decided to channel all the money to Bitcoin when the price was $34k and it was not too long Bitcoin price hit $40k and when he saw the profits on his wallet he started panicking that he wants to sell before the price will drop, so however I told him Bitcoin doesn't work the way he thinks, and the next morning he told me he has sold the Bitcoin with the intentions to buy back at the price of $39k, so I just told him he has made the greatest mistake and since then Bitcoin price has been seriously moving and when he saw the current price now he began to regret.