Topic: Buy the DIP, and HODL! - page 4. (Read 138235 times)

And just to add, if a new investor has understood how Bitcoin works like it's fluctuation in price and also effect of Bitcoin cycles, there is a need to create a goal and objectives. These two things are literally the plans we are talking about. From a general view, they might mean the same thing, but they are quite different.

Goals is practically the number of years an investor chooses to accumulate Bitcoin, though Some people might opt to accumulate a certain fraction within a certain period. While objectives are just our daily/weekly or monthly routine of accumulation. Everyone has different objective of accumulation to fulfill their goals. I prefer the regular weekly DCA of a certain amount, while someone else might prefer a regular monthly DCA of random amount.

And I don't just believe that setting up goals and objectives is enough to start a Bitcoin journey. The income or source of income is also another thing to focus on. Someone who has a good income flow can easily meets his/her goals without having much problems, though good management skills is also important. And that's why I will keep encouraging getting a good source of income, just like I encourage investing in Bitcoin. Both sides must be balanced.

Edited:

And I forgot to add,
I still don't know why some investors are always scared of a decline in Bitcoin price. Such opportunity is not always certain, so investors should learn how to capitalize on it. And having an unexpected dip is enough reason to get a good source of income, because at that point, an investor might need to make that unplanned decision, thereby accumulating. Like from a quote I learned, "unplanned trips are sometimes the best".

Investors should not be misled by the lure of guaranteed profits. Bitcoin investors should be recommended that long-term deposit through the DCA method Profitability to get huge profit. Still, to make a profit investors should to accumulate more than three cycles over a four-year period through discretionary income. Bitcoin can be financially helpful to you in the future through continuous deposit. It has been discussed the thread that the need for backup funds for investment protection and potential emergencies. For long-term Bitcoin investment/holding. The focus is on getting a decent portfolio by using a DCA strategy approach and increasing the amount deposited over time to address risk in Bitcoin. To increase holdings of volatile and valuable assets like Bitcoin, make gradual deposits and ensure proper use of each cycle to gain profits. Decent holding.

most times people spend their bitcoin because of lack of proper planning and not just because they don't believe in bitcoin future or that the fact that they are not 100% certain of the future of bitcoin makes them to sell their bitcoin holding. even though the future is not completely guaranteed, it is not just about bitcoin, it is about every other thing including the life we have. those are limitation that are more like a constant that has it own place in an investors mind but the main limitation comes when one fails to make proper plan and just invest vaguely.

truth is that if you are investing then you are investing, if you start to talk about all the "WHAT IF's" regarding how guarantee we are about investing in bitcoin for the long run, you are going to end up finding out with time that you are setting some sort of limitation for yourself.
even though talking about profit is not out of place, if you dwell more about taking profits, you will end up taking profit too soon and never get the best from your investing in bitcoin. proper planning entails that you focus more about buying and accumulating enough bitcoin at this price which will ultimately turn out to becoming the lows in the future and set out good plans that will protect the bitcoin we have already stacked up which is the surest way to be in a good profit knowing that the extent of our profitability in our bitcoin investment is dependent on how much bitcoin we have acquired already.

People should think about this that if Bitcoin offer guaranteed profit to its investors for sure there would be no people spend there Bitcoins there. That's why we talk about setting up some emergency funds since we really need this especially if unwanted situation occur and we have spare money to use for that situation.

We really believe that Bitcoin future is promising, but it doesn't mean that we should play around and just ignore those risk since provably that there are situation that will test us and to bad if we can't handle those challenges. Bitcoin is volatile and that one is the risk of Bitcoin so people should set up some solid plan so that they can decide to take their profit once they already hit their target in future. Proper assessment is important and we should take Bitcoin seriously, getting profit will really depends on how we handle our investments.

You seem to be placing too much trust in Bitcoin. Remember, the future of Bitcoin is not in our hands. The security and pumping system of Bitcoin certainly make it reliable and potentially profitable for investment. However, are we ignoring the possible outcomes? Our faith in Bitcoin and previous statistics may reassure us, but that should not make us feel guaranteed.

If Bitcoin were guaranteed, we wouldn’t be advised to use unnecessary funds for investment. While long-term investments have a higher chance of making a profit, it could be a mistake to consider it as guaranteed. You must consider security-related issues and the risks involved in long-term investments. For example, the possibility of losing Bitcoin due to mistakes, the risk of selling at a loss because of flaws in the long-term holding strategy, the chance of losing access to the wallet, and even though unlikely, the potential for loss of Bitcoin in the long term. Based on these slight negative possibilities and the risk of investor error, you cannot guarantee or promise profit from Bitcoin investment, and doing so would be wrong. This is why it’s recommended to invest only a portion of your available funds in Bitcoin. If there were a guarantee of 100% profit from long-term Bitcoin investments, most people would invest a large portion of their wealth. But doing so could be the biggest mistake of your life. Therefore, it is not correct to be sure or guarantee profit in investments; it is just a possibility.

Looking at your overall statement here, you keeps on emphasizing on circle and profit continuously which is not ideal in my own opinion, because if as a Bitcoin investor you pay too much attention to the profit your holdings might have made already, it would be extremely difficult to hold on the longer run, because you will fall into the temptation of selling for minimal gains when you can make even more of that in like 10 to 20 years time from now.

Then as for the aspect of you emphasizing on circle constantly, we all know that Bitcoin circle is just four years interval, and you spoke why it's necessary to hold for a very long period of time, so I want to ask, is four years interval a very long period of time?
Certainly not in my own opinion, and  paying too much attention to Bitcoin circle might compel you to sell when you ought not to because of the temptations of minimal gains you have made already.

Yes, if an investor already knows the cycles that usually occur in bitcoin, it is certain that the investor will no longer hesitate to invest in bitcoin for the long term. Because the potential for the Bitcoin cycle to repeat itself every 4 years is 95% and is exactly the same as the previous cycle. What is different is that in each cycle the price of bitcoin always experiences a higher price increase compared to the previous cycle. For this reason, in my opinion there is no need to hesitate to invest in bitcoin. Because in my opinion, currently the most promising investment asset is bitcoin. What I mean by promising here is the potential for profit. That's why many people do DCA on bitcoin, regardless of the market price. This is because of the bitcoin cycle, because with this cycle people who do DCA feel safer. Because buying bitcoin at whatever price now, it is certain that in the next cycle will still make a profit. So basically we don't need to hesitate anymore to invest in bitcoin. Because bitcoin is truly the best investment asset of this decade.

Investing bitcoin is all about mindset and understanding and if you have the wrong understanding of how it looks like it will be impossible to invest and hodl. If you see the dip in the market as a threat to your investment it will be impossible to invest in bitcoin. Those who are investing in Bitcoin,  accumulating bitcoin in the dip and still hodling in the dip understands what they are doing and they can never be panic. It is very important before one makes plans to invest bitcoin their should understanding first because without a proper understanding you are going nowhere, just only wasting your money. Those who are hodling to their investment are not just doing it, but the reason for the commitment of hodling is because they have the true understanding of the investment of what they are into.

Bitcoin investment is all about understanding and mindset, and if you are with the wrong understanding you are going no where in your investment,  it is impossible to work out well.

Is their any need to sell when you know that you are still going to buy and accumulate again?
Or have you forgotten that if you can hold that long, it's not going to be cheap again as it is right now?
10 to 20 years time from now is quite a long time, and so many things might have changed drastically and the value of Bitcoin might has gone up to a million dollar, so why selling off your asset when you are not done with your accumulating journey?
It's actually not wise to sell off in my own opinion because when thinking of buying, you wouldn't be able to get it back at such price that you sold it, and it might have appreciate even more, so it will definitely going to make you look unwise when trying to buy again when you aren't done with your accumulation in the first place, it will be as if you don't know what you are actually doing by tempering with your holdings when you are not done with your accumulation, so it's best you think and act smart.

Your suggestion of 10-12 years of investment is not as logical as your suggestion of selling 20-50 percent of your portfolio because at the end of the day, even though you still have assets, the situation is not as long-term as 10 or even more years as you said at the beginning.

Although it is true that you are in control and free to do anything including selling as you said, but for this, believe me, even if there is a defense of repeating and rebuilding your portfolio, the situation will still not be the same and you may not be able to return the portfolio that you sold earlier.

I say this not because I am a maximalist who does not want to sell my assets but I have done this pattern and in the end what has been sold cannot be returned back as before which makes the goal in the end change which can actually interfere with the investment made in the end both in terms of schemes and patterns.

Well everyone has plan indeed and obviously we wanted to take profits at some point because maybe we are accumulating and holding for so long that we have to achieved something, so that's good. But for me, let's say I have been holding for that long, 10-12 years, I wouldn't sell everything in one go, it will really be worth millions. But still we all know that every halving, Bitcoin became scarce and so we all know that overtime it will continue to increase in price. Maybe it's better to just like sell 20%-50% of your holding and then put it into your dream, like maybe a house or a car or others. And then just try to repeat the process again, accumulate as much as you can, build your portfolio, don't look back at the Bitcoins that you have sold, but instead, challenge and motivate yourself to keep what you are doing because that is very effective and no one can take that away from you.

What do you have to say about those who are holding with the intention of passing a larger chunk of their asset to heirs? I understand that your reference or interest might be those who are holding for their personal retirement so they could enjoy their Bitcoin when they are no more in active service. However, certain scenarios can require someone to hold Bitcoin with the intention of passing them to the next generation  Somehow, I think it is pertinent for every investor to think and plan for what will become of their Bitcoin when we are gone because no one knows with certainty how long he will be around. Having this mindset will somehow encourage people to hold longer because if you know that the Bitcoin in your portfolio will go to heirs, there will hardly be any panic to sell, instead you will be thinking of buying more to be able to hand over something reasonable to the next generation.

One thing i've come to realize  about long term holding is that, no matter the years you choose to invest in, be it 10 or 12 years, after you must have arrived at your estimated amount of years for your holding and made withdraw some amount  to be used for your pre planed project, there is still a great possibility that bitcoin will still rise above that value which you have sold. And either way you are losing from any profit, beside you have been accumulating profits for the passed 10 or 12 years of your bitcoin holding. However  its possible some persons who sell huge amount of bitcoin now mush have been accumulating for a long term and have arrived at their target, so let's not just look at this situation from one angle, but from both sides. Though my advice is that even if you must have gotten to your target and you want to sell do not sell all your coins because  that is where the regret comes in when the price begin to rise above your expectations. That is why we need to crutically make plans for our holding so we don't  do things off our scheduled.

You are confusing me dude, what do you mean by if there is any retirement plan that any worker should consider it should be Bitcoin, this statement has got me confused and it is advisable to read your text before posting because it is possible you can type more than you write or you write more than you type though sometimes even if one re-read, one can't or may not actually figure out all the errors or mistakes. And off course Bitcoin is growing but you can not use the word steady because it is not just going up rather it is fluctuating up and down so anything that has this movement can not be seen or consider as steady and holding Bitcoin for 35 years don't you think it is too much even though our plan is to hold for long term and It will be great if Bitcoin hit million dollar but don't you think it is going to be somehow, I mean is that even possible?

I am more focused on the first 10 years before deciding to continue to the next stage. For that, I prioritize the present by being more active in buying consistently every week, looking for additional income to be able to buy more actively in declines and targeting accumulation that is tiered from year to year. We have a target that we can achieve if we consistently carry out routine purchases.

In the journey of investment, the biggest disturbance is mentality, anyone still feels it but with a better approach to bitcoin we can have a strong mentality to keep holding for the long term.

As has been expressed in this thread, we ourselves manage all our finances, we decide all our decisions, so organize cash flow adjustment planning well, be it reserve funds, emergency funds and funds that are ready to be used every week to buy bitcoin. We will be happy if an investor in this thread has succeeded in running their investment well, it will increase the passion or enthusiasm of beginners to continue buying and holding bitcoin for the long term.

Companies like MicroStrategy, they know very well that market fluctuations are normal, and that's why MicroStrategy never advises to sell when seeing a dump of Bitcoin, he only holds Bitcoin in all situations, companies like MicroStrategy ignore the ups and downs of the market and invest and do holding only, small investors can also follow this strategy, but only for The long-term holding must be done. The best thing is if new or small investors invest in DCA, because this thread explains very well what are the advantages and disadvantages of DCA in terms of investing in Bitcoin. But investors must invest according to their financial condition and risk tolerance, do not pay too much attention to market fluctuations, keep long-term holdings with proper strategies and defined plans, long-term holdings result in the highest chance of success from Bitcoin.

If there is any retirement plan that any worker should consider it should be Bitcoin because Bitcoin has a steady growth rate over time so Bitcoin is the best form of investment for civil servants and workers just imagine someone hodlimg his Bitcoin for 35 year imagine how much it must have produced to the investor because the price of Bitcoin is expected to hit a million one day so as far as investment that has to do with future use is concern then Bitcoin is the name to call

No doubt in all your saying to be true, Bitcoin investment stand a better chance of of setting a retiree apart from those who don't consider it as something, though is of more benefits if the investor started it earlier, this where knowledge has greater role over the person in questions to have invested.
Bitcoin investment if adopted early by a worker who earn salary and and been saved pension by the government in my own opinion the investment of Bitcoin Worth more value and easily accessible than the pension imagine how most government keep pension for 37 years at the end the retiree even find it difficult to access it, no matter the strategy use holding it investing on Bitcoin for 37 year such investor will never lacks no matter what happens to be the situation because the investment would have yielded reasonable profit.

Bitcoin investments being a long-term strategy is perfectly suited for retirement planning, it can set one apart financially, amongs  fellow retirees. The potential for growth over time aligns well with the aim of securing a better financial future. Investing in Bitcoin is not just about short-term gains, it is about building a foundation for a secure future and ensuring that our assets grow alongside us as we age providing that financial stability and security we need as we approach retirement.

Its Amazing how bitcoin has changed the way we think about investing for the future, making it much accessible and secure and the fact that  bitcoin operates outside government control makes it more appealing.  Holding onto bitcoin for the long term especially for retirement planning is a very solid move. The DCA strategy is a smart approach to steadily build upyour retirement funds over time without  being affected by short-term market fluctuations.  The growing rate interest and trust in bitcoin really do puts confidence in it potential as a reliable long term investment.

Maybe it is not written anywhere in bitcoin investment that you have to choose a young age to start investing. You can start investing in Bitcoins at any age i.e. middle age and old age. But many people say that you should be 18+ before investing, although this is not entirely true. Young age is preferred in Bitcoin investment because if they start investing in Bitcoin from that age then maybe with time they will be able to know much more about Bitcoin and Bitcoin investment and also increase their Bitcoin investment amount.

If you enter this link, you will understand that there is no specific age to buy Bitcoin.

Buying Bitcoin: How Old Do You Have to Be?

Maybe they are not investors but mainly traders. An investor would never want to sell his Bitcoin investment out of greed and passion. Because they know very well that bitcoin investment has to be held for a long time and if the investment is held for a long time then success can be achieved from there.