Topic: Buy the DIP, and HODL! - page 416. (Read 108284 times)

You are saying you made 26x and still saying I have made mistakes along the way. I mean are you even expecting more? Or what I just missed here.

I mean even if the buying of 1 BTC cost you around $1k at an average rate then I think that's a good buying. But still, it really matters how much BTC you have. Not asking just saying.

PS: and did you remember the graph which wind-fury shared, the link of which I gave you, by searching it on the google lens. I found the source to that topic, and it was not intentionally found instead I was reading some topics and one of the OP made a topic by the name of Here is a tight slap to bitcoin haters

Well, that chart was about, all the times in past when many big authorities talked bad about BTC and then BTC turn out to be a charm instead of failure. The thing is BTC really disappoints many people who believed in its failure. The real link to that source is here https://buybitcoinworldwide.com/bitcoin-is-dead/

How is anyone going to know that? 

Sure, in my chart, I have attempted to show how the 200-week moving average might continue to go up based on how it has historically gone up while at the same time causing the slope to be less steep with the passage of time.

There are no guarantees, and even my slope might be incorrect, including that the 200-week moving average might end up going negative rather than having a positive slope.

My chart shows the 200-week moving average in mid to late 2027 to be between $110k and $126k.

Sure many of us are ok with lump summing into BTC, especially if you have the money available, but usually I tend to recommend to divide your current amount (which is the $10k in your example) into three parts, and then also to figure out your cashflow, but the way I am suggesting might not perform as well as a strict lump summing into BTC with the $10k at these prices. 

Each of us has to decide for ourselves in regards to our approach, yet I have frequently found it good for me psychologically to have money to be able to buy on dips, but surely anyone might be kicking themselves if they have mostly ended up under investing because of holding money for dips that do not end up happening.


Those conservative scenarios seem very conservative on the downside in terms of a $20k that does not move for any of the timeframes listed.


Even if you have good intentions and you are "admiring" early adopters rather than "envying" them, it still is a distraction to what should be important to you in terms of figuring out your own details and your own strategies, like I have largely already attempted to overview those ideas.   


Sure, you can see what bitcoin has been able to do, and you have seen that some people developed bitcoin commitment earlier than other people, yet to me, it does not seems to be anything to spend very much time thinking about.. but instead thinking about your own situation and what you are going to do.. including that we likely realize that past performance does not guarantee future results, and each of us has to surely account for that..  and one of the things that I have been mentioning is that 10 years ago, someone could have likely put $10 per week into bitcoin and they would be in a pretty decent position right now, and even if anyone right now puts $100 or even $1,000 per week into bitcoin, they are not going to catch up to the earlier BTC accumulator, presuming that the earlier BTC accumulator does not screw up too much.

But it might NOT be practical for people to be able to invest $1k per week into bitcoin for 10 years, and maybe the best that they can do is $100 per week, which may well be better than doing $10 per week right now.. but not better than $10 per week 10 years ago... but who would have known?  We cannot go back, we can just attempt to figure out our position size and our approach based on our own circumstances, and we might well realize (and recognize) that now days it would be better to invest $100 per week, rather than $10 per week - based on where bitcoin is at now as compared to 10 years ago and also based on the dollar likely being less than half the value (maybe even less than 1/3rd) that it had 10 years ago.


Well, sure we cannot have confidence regarding how fast adoption will occur and whether it will continue to occur, even though there ongoingly seems to be a lot of evidence of continued BTC adoption.. and maybe not as fast as some people would like,... but maybe the faster adoption periods come during the BTC price rises that may or may not happen, and then we get into periods in which the rise in adoption is slower or even imperceptible because some folks are getting out while others are getting in, and maybe it can take a bit of time for the bitcoin adoption levels to get back to where it was during the hype period.. but still the overall trajectory seems to continue to be upwards. 


That sounds good.

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In my own point of view from the chat. I think there is a tendency that btc will rise to that point in the nearest future. My reason of saying that is because there will be a time when btc will be limited in circulation. Demand will be high and supply will be low.  By then many people will have lost access to their portfolio when dey lost there pass phrase and btc being trapped down dere. Death rate will definitely affect btc because many people here have alot of btc but refuse to inform their family about how many btc dey have accumulated. And if death arise now the btc is also traped. So in this little point of mine, I think btc will increase it's price according to the chat.  I am urging each an everyone of us to always keep information about your online accet as a will. not only physical property can be willed but online accet also. Because many people have more investment online than domiciliary account. Remember death is inevitable.

You are right because my comment have the tune of envy even though that was not what I intended to portray. Rather than that, I should see them as motivation and hope for the best in the future. If they could buy bitcoin against the huge uncertainty and media negativity then, indeed they should be a source of motivation. Those joining now have already seen what is possible in bitcoin so their believe and resolve is not as those of the earlier people.


This is so true. The best one can to look at the future with optimism, taking informed and well calculated risks, not willing or ready to miss any opportunity that show up along the way and also keeping expectations in check to avoid being overambitious.

One good lesson I have learnt so far is to realize that nothing is guaranteed even life itself as no one knows when he will be done on earth. So, our aspirations and endeavors is limited to making the best decisions and choices and allow time to prove us wrong or right.

Even though the mainstream media will not actively advertise bitcoin and encourage people to go that way, don't you think a time might come when people will be constrained to ask questions? If peradventure we get to this level of inquiry, a good percentage of human population might likely go with bitcoin. This is a possibility but not certain it will happen and again, only time will tell.

Whatever the outcome of bitcoin is, we are here for the long term. There is no business without risk so one should be ready to bear the risk that comes with bitcoin. In other words, even though I am optimistic that things will get better with bitcoin, I will allow prepare for any possible outcome since I am already applying risk management.

Without meaning to say your point of view is wrong, but I don't think it applies to altcoins, precisely to all altcoins. Whereas here you don't mention specifically which altcoin you are referring to. I think bitcoin is a very promising asset for us to hold for a very long time, while for altcoins I prefer to use it as my short-term investment. BNB and ETH for example, well for these 2 altcoins I might hold them longer, but for other altcoins I don't think I will hold them for a long time. Instead of holding it for a long time, I prefer to invest short-term and when I get a profit I will immediately sell it and allocate it to buy additional bitcoin to increase the money I have allocated before.

It's great to be jealous of anything good or a job that can lead someone to more success and I don't think it would be a problem at all. Because if you talk about being jealous of someone's skills and information that you don't know about being successful, that's the main thing that you have to fix for yourself so that you can more quickly find a path to success in your life. And for the parable that you say this is quite logical to understand and I also hope that you can understand it quite well.

Usually people who have done research with any regard to something, he must already have that thing in his pocket. Even if it looks like an illusion because the image is published via the ChatGPT engine, but it can happen even though it won't be exactly like the automated machine says. The influence of people who still like to buy low and hold it will be the runway for the price increase in Bitcoin. But if there are lots of people who no longer like to buy at the low price and hold it for a long time, price increases will be more difficult to happen in Bitcoin.

I'm not going to talk about age because that's harder to figure out, but as long as there are buyers who still apply the DCA concept as well as the concept of buying low and holding it for a long time, a price increase will always be easier to spot. But sometimes some of the influences of major events and events can also hit market conditions for the worse even if only for a moment, and right now I also agree more if it is said that it is still good enough for a buying moment because Bitcoin is still under $30K.

You are too ambitious to pursue the target in the illusory image. Yes Halving will have an impact on price increases but for us it is nothing because basically if you don't have BTC in your portfolio then the increase that occurs is of no use to you.

So in conclusion you are not too late to realize this to accumulate BTC in your portfolio. We continue to buy on dca basis and we'll see later even when it reaches the Halving in 2050 and that's if we have longevity.

Is actually a moltivating prediction, there has been many predictions about Bitcoin future but to me we can only predict but cannot get the exact price of Bitcoin in the future but truth be told even without those predictions my goal of accumulating Bitcoin and boost my portfolio still remain the same because even without those predictions we no that the future and potential of Bitcoin is going to be massive, the future potential is like a permanent paint that can never be erased, so I normally see those predictions as an added moltivator that reminds me that my decision of choosing to accumulate Bitcoin is one the best decisions I have ever made. It's Cristal clear about Bitcoin potential so is good to start strategizing by accumulating some Bitcoin because the price will not always remain like these, it could start moving overnight.

Yeah everyone has it own perspective of accumulating Bitcoin it could be for Short time accumulating and long which ever way suitable for the person, secondly in times of envy we no that envy could be sometimes bad so let not view it on one perspective because with envy you can harm someone financially because you wish you had been the persons position but in other words envy multivate or propel you to strive and boost your portfolio so that you can be equal with others.
 
Learning is very important irrespective of how people are accumulating Bitcoin and boosting there portfolio there is always a need for someone that's coming in to learn and have a bit knowledge about Bitcoin because rushing into accumulating Bitcoin without knowing the security measures you could end up exposing your secret phrase to third party and is also not advise able given someone your funds to accumulate for you, so I like your spirit because learning is very important, maybe later on when you no you have enough knowledge you need you can start accumulating for yourself.

This is not my own research but from TBT chat GPT published a report on Bitcoin prediction in coming years especially halving years where Bitcoin price will be in 2024, 2028, 2032 and 2050. However, ChatGPT has revealed an upward trending market pattern. But it is not possible to discuss in detail here that many debates will arise as to how true the predictions of Chat GPT will be. But investing and holding Bitcoin is very important from ChatGPT's research. Because according to the prediction now is the right time to invest in Bitcoin.

If you want to invest in BTC we can buy Bitcoin without having to wait for the price to drop and even buying it doesn't have to be all in 100% of the funds we have and to maximize it one of the strategies you can try is the dollar cost-averaging (DCA), namely buying Bitcoin little by little whether it's 5% or 10% of the funds you have prepared or Another way, you can routinely invest Bitcoin for a week and certainly buy BTC using the DCA method through a crypto exchange platform that supports features Repeat Buy or purchase regularly and what is the end result of the DCA pattern investment pattern, The amount of BTC purchases will be very different from when you buy all at once (All In) and if you add up it will be more of course (DCA).

This Regardless of all the flavors you discussed above.

If I have known you too well since I registered in forum I would have been reading your post like taking a morning tea, this is kind of mindset I needs to follow some of investment plans, that means you most have been a rich people from the analysis of your other investment and together with your bitcoin investment, if someone should invest in bitcoin now with almost ten thousand dollars worth of bitcoin in this year 2023 and after 4 years and bitcoin increases more than its price now, how many x do you think will be the overall x of someone that invested with ten thousand dollars worth of bitcoin within the space of four years

That's too bad that you don't have any BTC and/or you have not figured out some kind of a BTC accumulation strategy that might work for your situation.  I doubt that you are going to end up being correct, but surely you have a right to your own ways of living, including choosing whether to invest in various assets and if so, then how much, or how to go about it.

None-the-less you are in a better position to judge your own circumstances, even though a kind of default position of mine is to suggest that everyone should attempt to own some BTC and to get off zero.. but then how much to invest after that might be a matter of degree.. and prior to 2020, I was largely recommending to either get BTC to be between 1% and 10% of your investment portfolio or alternatively to consider that investing in BTC would be between 1% and 10% of your overall income.

Since sometime during 2020 and ever since, I changed my suggestion to be between 1% and 25%, and of course, its up to you the amount that you might choose within that range or if you choose some approach that might be outside of that range.

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Not really the mindset. Although everyone has his paspective of how he wants to accumulate his btc but me speaking about being envy might sound owful but in other wayround what I mean is taking challenge from others mistake.

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I don't have btc but looking up to. And I intend to accumulate btc. We rise by lifting others up. my main aim of coming here is to learn not the other way round. Wisdom cometh by hearing and not by aguement. But some aguement is for learning. "Who ever ask questions does not miss road"

I think my post speaks for itself, so anyone can choose to go down the envy path, even though to me it does not seem to be a healthy mindset because the punchline still concerns each of us attempting to figure out specifically what we are going to try to do, which may well result in ongoingly buying BTC and also trying to continue to learn (and to get better) along the way to the extent to which we choose to engage in BTC accumulation in light of whether we believe that we have enough BTC or not (based on our own circumstances), and no one is really going to be able to specifically advise how another should approach their BTC accumulation.. since each of us is in a better position to assess and to act upon our own particulars..

Do you have enough BTC?

If so, then great.

If not, then are you going to accumulate more or just let whatever you have to ride until some later date in which you reassess your own particular circumstances and whether buying BTC is warranted.

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Sometimes being envy is good. It will multivate you to aquire more skills. You Not having enough information on buying Bitcoin is never your fault. Information is a key to success. "If you are not informed  you will be deformed" downfall of a man is not the end of his life. Where it becomes a problem is when he falls and refuse to rise again. "Any time a man wakes up is his morning.

Your ideas of a long-term seems to hardly even in the ballpark of contemplating "long term" 

You seem to be considering long term in terms of "whenever the BTC price bounces and gives you an amount of profits that you feel sufficiently good enough." 

which is more of a traders mindset rather than the kind of long term that we are talking about in this thread in terms of 1, 2, 3 or even more cycles... so careful if you are fucking around too much with figuring out when to sell your BTC within one cycle and then getting stuck into a bitter position because you ended up neither accumulating enough BTC and also selling way too many BTC at too low of prices.


I would suggest that you try not to be envious of what other people did, and sure maybe you made some mistakes in terms of your having had a sufficient amount of information to guide you in terms of buying bitcoin, but you failed to sufficiently and adequately act.

you cannot turn back the clock, and you can ONLY go forward based on the information that you currently have ih your head (and hopefully in your ongoing studying the BTC space that also includes ongoingly actively buying BTC in a way that is sufficiently aggressive for you, but not so aggressive that you end up losing more coins than you would have had wished to have lost.


I continue to make the point that you are currently an early adopter.  Sure there might have had been some BTC price appreciation that has caused you to not be able to get as many coins than if you had entered 3, 5 or 7 years ago. .(or even longer), but there still is likely way less than 1% of actual bitcoin adoption and even a lot of the businesses/financial institutions and governments are not likely accumulating as many BTC as they should be doing at these prices...

so figure out what you are going to do to attempt to make your own BTC/investment portfolio as strong as you are able to accomplish within your own financial and mental circumstances.. and sure your skill set and your abilities to learn (or maybe difficulties in terms of having enough time to spend on BTC investing and/or balancing of your accumulation strategies).

yeah, you might never be able to get a whole BTC, but do you really need a whole BTC?

Look at my fuck you status chart again... and think about it.. you may well not even need to get to $2million in networth in order to be in a much better position because you ended up accumulating 0.5 BTC by 2035... or whatever might be within your financial and/or mental abilities (and of course actions) to accomplish.


Of course.  Bitcoin likely has around 1,000x the value of gold, but it is ONLY about 1/20th of the price of gold, and sure it could take 100 or 200 years for BTC to reach its fair market value relative to gold, but if we have some clues about bitcoin, we likely realize that its price pressures are likely ongoingly in the UPpity direction.. even if we cannot really exactly figure out if some kind of timeline is going to work out exactly for our own hopefully ongoing BTC accumulation strategies.


Yep.. and most people (maybe 99% or so) do not even know this information that you just described.. but even though you likely know something that other people do not, does not necessarily mean that your investment is actually going to end up paying off, so hopefully, you figure out an ongoing BTC position size that works for you in your likely ongoing many years of accumulating BTC.. maybe you will look back in 10 years and conclude that you were not bullish enough.. or maybe you will look back and see that you screwed things up because you were overly bullish and you had not figured out ways to adequately/sufficiently secure whatever coins that you end up being able to accumulate along the way.

I don't deny when saying short-term and long-term investors but when talking about bitcoin I think in this case long-term is one way if indeed they want profit and comfort because at the end of the day when you buy at a low price and sell back when it's profitable it's what's the difference with trading (although it does become one of the ways of some people) but it's not an investment.
Even if the goal is the same but when people who are in bitcoin understand the investment that is done then the long term is a priority because they realize the temporary benefits they take (when prices rise in the next few weeks or months) are only a small part of the benefits they can get in the future.

You are right. At least one person who takes part in it will be free from FOMO. and I do not really think the rich have benefited from the BTC and the poor have not. Because once the poor (with lesser knowledge) came to know about such opportunities, they tend to ignore them, but when the same poor see another fellow poor making his or her life better with that knowledge, which he refused before, they tend not to ignore it but instead gain that knowledge and expect the same results as their fellow poor.

And that's the audacity of the system here. People do not take actions based on others gains; instead, they even do not tend to think before making investments, and another downfall of the poor is that they do not have savings, which means they do not save some money for emergencies. Once they know some other dude made huge profits, they will jump into the market with all of their asses, and at the end, when the market does not go as they have planned, they will have financial problems, and then they will try to survive the trade even with a loss because they will think that saving something rather than losing all is beneficial.

But at the end, we all know patience is also necessary, and that's why we should have funds in case of an emergency. I also learned that from an expert with more than 20 years of experience.

Haha, off cause mate there are people who has a lot of Bitcoin on there portfolio just like they said information is power there are people who got the information about Bitcoin earlier and it potential and they take advantage of the opportunity and lucky for them the Bitcoin price was still very low then, just imagine how much accumulation of Bitcoin they would have made on there portfolio and now even if Bitcoin price drops a bit it doesn't really affect them because they started accumulating when the price was very small, I could remember then when I was advice by a friend to start accumulating Bitcoin by then price was just $3k but then I use to be very skeptical about crypto but little did I no I was making a mistake by not investing on Bitcoin then, I use to imagine how much I would have accumulated by now but perhaps is never late to start accumulating.