Topic: Buy the DIP, and HODL! - page 389. (Read 123399 times)

Mate, you misunderstood me; I didn't specify a single-amount purchase. In some circumstances, lump-sum buying is advantageous because it will accelerate your Bitcoin accumulation. And you will not have to wait for the Bitcoin price to reduce before you can buy. Let's say, for instance, that you want to begin accumulating Bitcoin using the DCA strategy and that the price of Bitcoin is $50,000. However, you are well aware that before you can accumulate the quantity of Bitcoin you desire, Bitcoin may set a new ATH, putting you far behind in your accumulation. However, if you use the three strategies, you will be fast and among those who hold Bitcoin. If Bitcoin reaches $100k, you can sell the one you bought with a lump sum if you intend to sell; if Bitcoin dips, you can still buy the dip and continue DCAing until you reach the desired quantity of Bitcoin.

Fuck hype In shitcoins as no shitcoins can be commensurate with Bitcoin, those that gave hype to shitcoins hope they are seeing the rapid increase in the price of Bitcoin on daily basis, what other proof do they want to see before they can imagine the incredible boom that Bitcoin is gonna experience after the halving in the bull market, any wise investor will actually know what the future of Bitcoin holds is massive and should be able to hodl some more Bitcoins untill it surpasses the speculated ATH.

It seems you have another way of buying in Lump Sum because from your quote you are trying to say that Lump sum is good when the Bitcoin price is high but however on the contrary I don't think is the best way to Lump sum because the quantity of Bitcoin you could get if you Lump sum when the price is higher will be a bit small compare to dip, so however is mostly preferable to Lump sum when the Bitcoin price is a bit dip because that's the only way you can get a good amount of Bitcoin.

Also you don't necessarily need to use all the three strategies or rather method before you can start your investment because as an investor having too much strategy can affect your accumulation process either negative or positively so perhaps you could just focus on the DCA and Lump sum if you have the funds instead of three strategies.

There is a situation where you will find yourself, with these three strategies you can be able to start accumulating your Bitcoin. For instance, if you want to buy Bitcoin now, you will be afraid to buy because your mind will tell you, you are buying it at a high price, and you would not want to do that. But if you divide your money into three parts, and immediately buy with a lump sum as the Bitcoin price keeps on an upward trend, keep the second part to buy Bitcoin when there is a dip in Bitcoin price, and the third part is to buy Bitcoin through DCA that will help to control the volatile part of Bitcoin in your holding. These three strategies will help people not to miss out on Bitcoin when the Bitcoin price is too high because if you want to use only the DCA strategy you might not be able to accumulate the quantity of Bitcoin you want on time.

I will appreciate your decision that you did not choose the wrong coin at the beginning of your investment. A new investor's main problem is to choose the right coin. In the beginning an investor does not understand that which coin will be right for him or which coin to invest in will keep his money safe as well as give him a chance to profit. I learned about cryptocurrency through Bitcoin so I had no chance of choosing any other coin to invest in. At the time when I first started investing, I understood Bitcoin as an investment and I have always been very interested in investing in Bitcoin. 

In the beginning I started my investment journey with a relatively small amount of money and gradually as the idea about investment grew and when I got different ideas about holding the investment I planned to hold my investment for a long time. I got enough benefit by holding my investment for long time and now I believe in always holding my investment for long term. 

Those who are new investors should choose a good coin first at the beginning. When an investor is able to select a good coin early on, he will make a 50% correct investment decision.

I think everything depends on what is your plan and the target you have set for yourself. Let's say I set a target of having of having a particular amount of Bitcoin before the next halving and I have calculated that investing 10% of my salary won't allow me achieve that, but spending 50% of my salary will help me achieve my set goals. All I have to do is cut down some of the things I spend money on which are not really necessary to achieve my set goals. Also there is a possibility that I don't have a family yet and I don't have any kids yet. So instead of spending on women, alcohol, parties and eating in restaurants etc. I can reduce these things and make my own food at home. If I do these things $100 will take care of me for a month if we are using the $200 you talked about as monthly salary. And mind you as a man it's not advisable to only have one source of income. So let's also assume I have another business that gives me like $40 weekly I will be fine with investing 50% of my basic salary from my other job.

The fact that you clarified the situation of shitcoins investment has taught me alot, to buttress if anyone wishes to invest in shitcoins s/he should invest only least less than 10% which means if someone can actually afford to involve in shitcoins it shouldn't be an amount that is greater than nor half neither quarter of his/her investment in Bitcoin. Moreso, s/he must be well accountable for his or her action. I also observed that the example was meant for those who would constantly refuse advise not to get involved with shitcoins but since they maybe not be able to harken to advises its better to devices a means to reduce the out come of regret in their action. at the end it all boils down to say that one should try as much as possible to avoid shitcoins.

I couldn't comprehend the point you're trying to foster well enough @red4slash but to digress the whole point you might be trying to say.
@Queentoshi you do not need a perfect time to invest in Bitcoin based on what I have learnt here in this thread, every time is always the time to buy, you might be waiting to a bearish market when you have the capital to invest but it may not come. So that is why the DCA method of accumulation was introduced in order for anyone not to miss out the opportunity while waiting for the perfect time to buy.
Even outside the forum time waits for nobody, most people do say opportunities don't come you create opportunities by investing when you have, you stand to chance of not missing out but when you wait for a time to come which may not come you can eventually miss what is important to you. So do not wait for the right time to come before you invest, start where you can, start now, today hence you don't miss your chances because emergencies can take up the said capital you wish to invest in Bitcoin do it now not later.

It's true people hardly listen to good advise of this nature hence I believe every one has the right to make decisions but after making such decision they shouldn't cry out to anyone that they lots their money in shitcoins because not even me nor you will be ready to listen to such trash.

Bitcoin is the ultimate of cryptocurrency and that is why you will see that those investors who invested in altcoins due to greed because they want to get rich quick, after they have been disappointed and regret their actions, will come back to invest in bitcoin because they have realized their mistake and want to make things right.  The time that they were suppose to use to build up their portfolio to a good level, they must have wasted it on buying and keeping those garbage.

Bitcoin investment needs patience, and it is worth waiting a very long time for it to mature to that target that we want, and this can be achieved by regular DCA weekly or monthly because it a a real life investment. This is why it is better to start investing now than think of other altcoins because they can never be like bitcoin.

Because our focus is long-term with a slightly longer duration so that when the temporary increase that is happening now does not really have any impact on the confidence we have but on the other hand when other people are selling now I don't think it can be said to be wrong either (although this is not really in accordance with the criteria for long-term investment) but because they already feel profitable with what they have then it is indeed back to themselves whether they sell or not because if they do sell it means that their target is indeed here for sales.
It's just advice when you sell at the current price and when you release the bitcoin you have sometimes you can't buy it back because of the price so this needs to be thought out more carefully for those who are selling at this time unless they want to wait longer to get bitcoin back at a cheaper price which in my opinion that way is not worth it when you have to wait for bitcoin to have problems again because now it doesn't seem like the time for that because bitcoin is still bullish.
This is the problem of investors because what needs to be realised is not buying and selling but our strength in holding which sometimes in this phase we always fail.

It's true that some people got into the crypto space through some of those altcoins, but along the line, I think that most of them fell out of love with altcoins and embraced Bitcoin because of how consistent and dominant it has been. For example, in the past 5 years, there were some of those altcoins that were in the top 2 to 10 rankings, but if you look in the space today, you cannot find those coins again ranking in the top 10.


Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.

I agree with you Salahmu that it makes more sense to be able to stick with it and not to overdo it, but if a person has his/her emergency fund in strong standings, then it might not hurt to have some periods of increasingly buying BTC.. but also when someone is being so aggressive with his/her monthly BTC buying there may be some needs to have some funds to be available on the side for buying on dips. 

It can be difficult to really determine if someone might be overdoing it or not, until some kind of a negative event or an emergency comes and then if s/he is saying that he does not have any money and blah blah blah, there might have been some mistakes earlier in the process that ended up putting him/her into that position of not being able to sustainably invest in BTC and especially not be able to buy when the BTC price ends up going down... that is if it does end up going down, because there is no guarantee, either way, so that is part of the difficulties in trying to strike some kind of a balance to prepare for either price direction and to be aggressive at the same time.

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

This is what I actually doing now and I think using 30% to 50% of my salary for accumulating is best choice to do especially right now we are really seeing a great changes happen to bitcoin. $40k is almost knocking on our doors now and I'm thinking to use my Christmas bonus to buy bitcoin to increase my holdings. I really do believe that in year 2024 we can see more great pumps.

That's why as title of this thread I also believe as what it say buy and HODL!.

The truth is that a lot of people started their digital journey through the hype of shitcoins. Few that are fortunate to dump on the others and make some money have the feeling that they will be successful all the time. Unfortunately, there is no consistency in shitcoins and the rate of failure is over 95%, in my opinion, this is a risk to high to consider.

We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

Mate, this thread is to buy the Bitcoin dip, and Hodl and not for shitcoin discussion. If you are telling people to invest in shitcoin it means you are against us and your post is spam because it goes against our discussion, we only mentioned shitcoin on this thread when we want to advise newbies not to invest in shitcoin. What is the need to tell people to invest money in something that will possibly scam them off their money? Mate, Bitcoin has been around for 14 years now and it gives you self-control over your money, you don't need any third party before you can make a transaction with Bitcoin, there is nothing like Bitcoin and there will never be.

To hell with shitcoin as it isn't sustainable, all our focused is on bitcoin as it is the most volatile asset to invest on against the upcoming bull market so I can't see a crypto that's gaining dominance like Bitcoin then I discard investing in it to any damn fucking shitcoin. The volatility of bitcoins will give you a good sense of where you ought to channel all your investment for the upcoming halving so the goal is to keep buying and holdling as much bitcoins as one can be able to afford.


What results can shitcoins possibly show you that will supersede the results that we've have seen in Bitcoin so far, our concern should gear towards achieving an overwhelming ATH in Bitcoin unlike some altcoin and shitcoins that it sustainability is very minimal. Now take a look at the current price movement of Bitcoin right now, doesn't it ring a bell to you on what will be ahead of the upcoming year?

I personally believe that 2% is too extreme, and many people will not even be able to comply with limiting to less than 10%, and sure I personally only have around less than 0.5% of my "crypto" holdings that are in shitcoins, but there were times when even I had more than 2% in shitcoins, including when B-cash was being issued, and it took me several months to get out of my b-cash position, but part of the matter dealt with technically trying to figure out how to claim them.. but surely I had some other shitcoins.. but really much of the time they were only 1% or 2%, but then maybe it has to do with other matters too.. and let's say that a guy has a $100k investment portfolio and so he has around $15k in bitcoin.. so a pretty aggressive position of 15% in bitcoin, and so I am suggesting that he could have up to $1,500 in shitcoins, and you are suggesting that he should ONLY have up to $300 in shitcoins.

I still think that they are going to have trouble staying below 10%..and so maybe even less is better, and I have no problem with that... but I think that 10% is more realistic and workable..  

I say the same thing about any trading that anyone should do, and I say to limit such trading to 10% of the size of your bitcoin account.  I do kind of believe that shitcoin and trading overlaps, but there may even be some degenerates who have 10% in shitcoins and 10% of their bitcoin that they are trading, so then that bings them up to 20% of their BTC holdings into two different kinds of degeneracy... it sounds a bit to much to both you and me, but at the same time, it is way better than some of the folks who claim that they are in bitcoin and have less than 50% into actually holding bitcoin, and surely there are even worse than that.. and then maybe they wonder why they end up getting quite scatter-brained and probably have very difficult to follow and meandering ideas in regards to what they are supposedly doing with their "investments."


Well are they going to be damaged very much if they have no more than 10% in there as I suggest or no more than 2% as you suggest?  After they lose their money, then that money likely has to stay on the books for a while before they are able to put another 10% into shitcoins.

So let's say like in my earlier example, they had $1,500 into shticoins and maybe they had $15k into bitcoin... so I am not sure how long they might have to wait to be able to put more money into shitcoins.. perhaps they could put 10% of any new money into shitcoins, so if the person bought another $5k worth of bitcoin over the next year, then he would be able to invest $500 into shitcoins.. to the extent that he did not learn his lesson the first time around... but hey how these matters are calculated could have ways of investing higher than 10% and saying that he is ONLY investing 10%,, even though he lost the whole 10% the first time around.  In other words, these kinds of guys are going to want to take from the BTC profits and to put it into shitcoins... because they are going to feel that $500 is not enough.. even though he already lost $1,500.


Sure.. no problem.. but still how you going to guide people with "just say no to shitcoins.".. even though frequently I do say fuck shitcoins, but if you are going to do them, no more than 10% or the size of your bitcoin investment... and whatever, you can tell people whatever you like and I don't feel like I am encouraging them.. because I do also say stay away from shitcoins.. and also there are some people who are very poor.. like $10 per week or even some low amounts and they are wanting to divide to do part in bitcoin and part in shitcoins... so yeah.. are they going to listen?  I am not sure... I mostly think that they won't but it is better to say something than not to say anything at all.. even though some people are not even going to be receptive to listening anyhow.. so they might even be more of a lost cause and just have to learn through their experiences.


Why you pumping shitcoins here.  Fuck shitcoin.  Why don't you go to some other thread if you want to talk about which shitcoins that you want to get into because some of them from your point of view are less shitty than other shitcoins.


You are contradicting yourself.  Yeah, sure shitcoins are meant for selling, but you are also suggesting to buy them.. so you are in the wrong place exploring those kinds of ideas.


Again.. Fuck shitcoins.  Take your promotoin of that kind of nonsense somewhere else (there are shitcoin threads).  but this is not one of them. .we ONLY talk about shitcoins here in order to bash them or discourage them, not to take them anywhere close to seriously as any kind of thread-related strategy.. .

Eventhough shitcoin market is risky still there's good profit to be taken there so its still good suggestion to invest there especially right now we are almost heading at bullish market condition so most provably shitcoins will do a good run. But we also make sure to ourselve that we have plan to be done and never hold those type of token and sell when its perfect time to sell since this is what shitcoin all about.

For hodl its automatic bitcoin is always good for that since this is really the most ideal coin to do and as I said bullish season is coming up so for sure there's more price action to come then this could give a lot of profit to the people who believe on bitcoin at the cheapest price it dip for past couple of months.

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Not even better maybe it's only about 2% for shitcoins of their BTC holdings. But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.