Topic: Buy the DIP, and HODL! - page 422. (Read 137037 times)
One of my neighbors is a brother working in the company, and the Job tenure is nearing its end. But he could not deposit any money, a small amount was deposited in the bank. Due to increasing corruption within the country, the condition of the bank is very deplorable. And he withdrew the money from the bank, and came to me asking for some kind of wisdom as to what he was going to do with the money. But I have been familiar with Bitcoin for about 1½ years, so I presented him with some information about Bitcoin.
The benefits of Bitcoin investment are several times higher than the bank, and if Bitcoin can be invested for a long time, it will be possible to own more Bitcoins in the future. Given such advice and he agreed to invest in Bitcoin. I bought him the first bitcoin for $42.5k. And after some time came to see the profit share. And I made it clear to him that if you are able to invest in DCA method then you will never expect any benefit, because it will continue this investment until your job is over. This Bitcoin will come in handy in your old age and he introduced a powerful Bitcoin Trezor wallet, where Bitcoins will be stored.
Market now temporarily Crashed, Do Your Own Research (DYOR)
The market suddenly dumps so fast without any announcement that there is no opportunity for analysis. The market has re-corrected before buying the exact position you asked to buy in your screenshot. However, now is the time to invest in Bitcoin because the Bitcoin spot ETF approval date is this January. If the Bitcoin spot ETF approval date is pushed back, then there will be another big correction in the market, then it will be a good time to buy Bitcoin. But before investing you must invest according to your own thinking and research. 
What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.
Buying in lump sum can also be good for the short term investment as to those who finds it necessary, maybe a period of 2 years. Imagine those who bought Bitcoin when the price was down as $15k and checking out the current price now that is already enough profit, now holding for a minimum of 2 years this is a blown up investment. I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.
That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.
In terms of who would hold Bitcoin much longer comparing both the rich guy and poor guy, it may be from personal decisions on holding that long but i think the rich dude will hold longer as he has all he needs and with the knowledge of Bitcoin altering his investment wouldn't matter to him cause he has many more to comply for his needs. The rich mindset in terms of investment are just too professional, they build the mentality of longer term investment than a shorter one. A poor guy is faced mainly with certain challenges which at a point it becomes an option to sell, yes its compulsory that we must sell when due even the rich guy would sell but in terms of a poor man it may occur precisely the urgency to sell of his portfolio not because he wants to but just that a need arise which his emergency funds would not be of good help to him. In terms of commitment the poor guy will be more committed in investing than the rich guy because he knows how hard it is to raise such money to carry out his DCA.
During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
Investing in Bitcoin doesn't necessarily means that you gonna make profits or you're gonna be rich all the time but because Bitcoin is an asset with high volatility and have the potentials to conquer all other coin that's why it is worth investing and taking a risk on, so those who invest in Bitcoin should be optimistic about what it's future holds.
It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.
Investing on Bitcoin shouldn't only give you the idea that you're gonna be rich although that's the objective of most Bitcoin investors but let all your mindset not be too geared towards only getting you rich should in case it doesn't work as planned but let it be that you investing on Bitcoin is also a part of acquiring it for the future because part of our priority for investing on Bitcoin is to acquire as much Bitcoin as possible in other for it to terminate our over dependency on fiat and become our medium of exchange in a decentralized nature.
There is also a possibility that the rich investor who has the money to invest at once and don't bother investing for the next 20 years can still has more Bitcoin in his portfolio than the poor investor who is invest 20 dollars every week. If a rich investor spend $500k and buy Bitcoin at once, someone buying at $20 every week for 20 years won't have same holding as that of the Rich man. Yes consistency in accumulating is good if you have the time and money. Also buying at once and don't bother buying again is also good. What matters is the size of Bitcoin you bought at once and your holding duration and the target you want to achieve.
Inasmuch as Bitcoin is a volatile asset, investing on Bitcoin with a fixed amount without having to invest again may not really be a nice idea because it may be difficult to accumulate as many as possible but buying consistently can also give an edge to accumulate as many as you can be able to afford if you DCA and moreover if one continues buying consistently you can even surpass someone that bought at a fixed price and never cared to buy again. Most times, buying at regular intervals helps to keep your holdings updated rather than stagnating it at a fixed price for a long interval of time.
[
I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest.I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.
During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.
However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.
[
I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest.I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.
Bitcoin investment has no fixed budget, an investor will start investing according to what he can afford. Maybe $10 to $15 but investing regularly weekly or monthly will definitely increase the amount of wealth. The most important thing is to continue investing in a regular DCA method, the longer the investment age in Bitcoin, the more Bitcoin it is possible to own.
I have decided and planned to continue investing in this Bitcoin till 2030. Because I can see that Bitcoin has almost doubled in the last one year (2023). Because the more I invest the more my wealth grows.
It is true that there is no minimum amount of money to invest and an investor can invest any amount of money he wants. Although the amount to be invested is not fixed, there are some types of investment. You invest minimum 10 to 15 dollars and by investing this 10 to 15 dollars you keep it for five to seven years then will this 10 to 15 dollars give you any profit? Yes profit will definitely give but you will not understand which part is profit and which part is your capital. I have decided and planned to continue investing in this Bitcoin till 2030. Because I can see that Bitcoin has almost doubled in the last one year (2023). Because the more I invest the more my wealth grows.
If an investor thinks he will invest on a weekly or monthly basis then he must invest consistently. We know that if an investor invests consistently, the amount of investment will be huge.
A year of fifty-two weeks and if an investor regularly invests $15 every week, his investment amount at the end of the year will be $780, the investor. If he has a long-term investment plan invests continuously for six years, his total investment amount will be $4680. That is to say, imagine how long-term thinking about something will amount to. If you are investing according to DCA method and if your plan is till 2030 then my suggestion for you is to invest consistently.
During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
In 2024 we regret the opportunity we missed in 2017 but in 2030 we need to make decisions now so that we don't regret 2024 again. Then the price of bitcoin was $1000 but now the price of bitcoin is $45K, now the price of bitcoin is $45K in 2030 the price of bitcoin may be $300K, so we should take the decision now.
One should invest in Bitcoin now and hold it deeply if one can afford it.
As you said investing million dollar as Lump sum right now will give you around 23 bitcoin and that is still far from person in Hypo-3. In hypo-3, we are investing 60$ into Bitcoin every week for ten years and now the total bitcoins are 27 and there net worth is 1 million USD.
What we can deduce is that even if you dont have million or 100k dollars funds then you can still take better osition provided you are willing to invest small amount in periodic manner (DCA).
And a Happy New Year to everyone on this thread.
What we can deduce is that even if you dont have million or 100k dollars funds then you can still take better osition provided you are willing to invest small amount in periodic manner (DCA).
And a Happy New Year to everyone on this thread.
Of course, there is no guarantee that DCA will outperform lump sum, but a person who has spent a lot of time investing into bitcoin has historically had pretty good results and the longer he has been investing (even relatively small amounts), it will take a whole hell of a lot of capital to catch up to him, and many of his peers will not be able to catch up to him, so the ONLY ones who are able to catch up to him are the ones who, in the past, were not his peers but maybe way richer than he was, but he has likely caught up to a lot of folks who were way better off than him historically. We have witnessed these kinds of matters a lot in bitcoin, even though they are not necessarily guaranteed to continue to occur, even though bitcoin's investment thesis seems to be stronger these days than it was 7-10 years ago - especially if we go back before the resolution of the 2017 blocksize wars, and so even though the upside does not seem to be as great, but the investment thesis does seem to be be pretty strong these days.. including that lump summing prior to the launch of the ETFs may well be better than DCA'ing (front running a lot of the folks who are disinclined to directly own BTC - and sure there are a lot of folks who also don't directly own BTC, since they hold their coins on exchanges).. but no one really knows for sure..
What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.
During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
~
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
This is just the beginning and we are still far heights to reach in this bull run and my expectation 130K-150K which I mentioned earlier in this thread and Bitcoin will comfortably reach that value as the next ATH. So anyone who is accumulating bitcoin don't be shaken due to downslides from 45K to 42K or whatever comes in the short term.
During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Currently, there are many people that have the minimum expectation of $100,000 per Bitcoin. The minimum expectation will be higher and higher as Bitcoin surges higher and higher.
People tend to make the mistake of investing little amount of money into buying Bitcoin and lay their hope on getting huge profit within a limited time frame forgetting the higher amount invested the greater your profits.
The DCA has made it very easier for small investors to venture into the market and still make profit, despite the DCA approach being a long term strategy but you don't blame oneself as not being efficient enough to buy in bulk. Of a truth the market is most favorable to whales as a 10% up in price is already giving them good profits per what they invested.
There is no specific amount required to invest in Bitcoin. Nowhere is it written that investing in Bitcoin requires a huge amount of money to be invested. Anyone can start investing in Bitcoin with any amount of money.The DCA has made it very easier for small investors to venture into the market and still make profit, despite the DCA approach being a long term strategy but you don't blame oneself as not being efficient enough to buy in bulk. Of a truth the market is most favorable to whales as a 10% up in price is already giving them good profits per what they invested.
There are also people who start investing in Bitcoin with a very small amount of money in the beginning and gradually increase it later.
I had a friend who knew about Bitcoin a long time ago and had a very good understanding of Bitcoin and is now a successful investor. When I asked him the reason behind his investment success, he told me that the first day he invested in Bitcoin, he started investing with just $27.He was then working in a government job and withdrawing money from there to invest in bitcoins.He used to work in the government and got a monthly salary of one hundred and fifty thousand taka, ie 1500 dollars. For the first year, he invested $70 per month.The following year he increased that to $100 and he increased his investment by $30 per month every year. Thus he invested in Bitcoin for 8 years.
Currently he has accumulated houses, cars and land with his Bitcoin investments. After seeing his success I now regret why I didn't start investing Bitcoin with him.
But I am following his investment approach and investing in Bitcoin and I hope to continue to do so in the future.
Bitcoin investment has no fixed budget, an investor will start investing according to what he can afford. Maybe $10 to $15 but investing regularly weekly or monthly will definitely increase the amount of wealth. The most important thing is to continue investing in a regular DCA method, the longer the investment age in Bitcoin, the more Bitcoin it is possible to own.
I have decided and planned to continue investing in this Bitcoin till 2030. Because I can see that Bitcoin has almost doubled in the last one year (2023). Because the more I invest the more my wealth grows.
~
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
This is just the beginning and we are still far heights to reach in this bull run and my expectation 130K-150K which I mentioned earlier in this thread and Bitcoin will comfortably reach that value as the next ATH. So anyone who is accumulating bitcoin don't be shaken due to downslides from 45K to 42K or whatever comes in the short term.
~Snip
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan.
I will invest my bitcoin for long term and that is in DCA method.
And the influence I mean here is the bitcoin market price which is currently experiencing an increase.
But to be honest, fighting this influence is not easy. Because I have the assumption that most bitcoin investors basically have the goal of seeking profits as quickly as possible. Meaning, "when there is an opportunity to make a profit, why delay or pass it up?" Therefore, when the bullish market ends/subsides, usually the price of bitcoin always experiences a significant price decline. Well, this is bound to happen because many Bitcoin investors are selling their assets. That's why the price of bitcoin has decreased.
Therefore, I assume many bitcoin investors tend to take profits when the opportunity arises.
However, bitcoin investors who carry out DCA with the correct essence. I am sure, they will not be affected by the market value of bitcoin (up or down). Because they already had a strong goal from the start. So that when they are carrying out the DCA process, they will not be deterred. And maybe you are one example, friend.
I do not think we are saying something different, I never made mention about investing in any of those shitcoin it was a clear response to the user so no worries about spreading the ideas oof investing in them.
Bitcoin has dominated the market not because it was just the first cryptocurrencies but due to.its potential beyond every other cryptocurrency, with all this Bitcoin is worth investing.
Bitcoin has dominated the market not because it was just the first cryptocurrencies but due to.its potential beyond every other cryptocurrency, with all this Bitcoin is worth investing.
Bitcoin is not only worth investing in, but it is also worth continuing to keep and collect as a valuable asset now that Bitcoin has grown satisfactorily for more than ten years. So there is no need to bother ourselves with thinking about more other coins at this time, although some people can still get temporary profits through other coins in the short term or during improving market conditions.
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.
Market now temporarily Crashed, Do Your Own Research (DYOR)
Yup, with these crashes all of a sudden. The market is still giving them opportunity to buy and hold. Because when the price is quite high, all they do is complain that they can't buy it anymore as it is already expensive. But they can still buy even with that price but the quantity of Bitcoin they'll able to get is lesser. Market now temporarily Crashed, Do Your Own Research (DYOR)
So, with the market crash. Everyone is saying that it is about the latest ugly news about someone's speculation that ETF won't do shit on this market and SEC won't give a go.
Whoever made that news sees that people are still too emotional when some unexpected news like that comes out.
Some people are expert in making some bad news so that there will be panic in the market and people will start selling off, why they will be buying. Only newbies won't understand this tricks. But as an old investor who understands the game that's being played here, it's to buy while others are selling. Moreover Bitcoin will be here and will keep performing with or without the SEC giving it a go. The most important thing is to benefit from this dip by accumulating more.
You speak like an OG.. but your registration is ONLY since the beginning of October.. .. so when did you start accumulating bitcoin?.. How are you planning to play this cycle? What is your plan? What is your BTC holdings going to look like in 4-6 years? I know it can be difficult to project out that far, but at least many of us can attempt to project out for a year, and part of how we project might also be based on what we did in the past .. the last year, the last few years, and then what is our current situation.. how aggressive are we able to be in terms of our BTC accumulation, and do we even have discretionary income and how is that going to change into the future. which is partly based on the past, present and then our projections of how we believe the future might play out.
That means he's not new on cryptocurrency and maybe he's away in this forum for long time then just recently discover this good place then decide to stay here. Since see a lot of cryptocurrency dude outside of this forum participating on trading and any crypto related activities but when I asked them if they are familiar with this forum the say no. Its surprising but we know there's a lot of them exist.
Its really difficult to project since we don't know the possible outcome since the only thing we do is to speculate base on the events to come but atleast we try to take our participant to look on what will happen in future. Also I guess the aggression to accumulate will always depend on the budget of each people since they might became more aggressive when there's a fund to spend.
But what good thing is we have good insights about what might happen in future and its up to the people now on how they play their role also how they can accumulate base on their allocated budget for investment.
I do not think we are saying something different, I never made mention about investing in any of those shitcoin it was a clear response to the user so no worries about spreading the ideas oof investing in them.
Bitcoin has dominated the market not because it was just the first cryptocurrencies but due to.its potential beyond every other cryptocurrency, with all this Bitcoin is worth investing.
Bitcoin has dominated the market not because it was just the first cryptocurrencies but due to.its potential beyond every other cryptocurrency, with all this Bitcoin is worth investing.
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.
If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan.
I will invest my bitcoin for long term and that is in DCA method.
If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan.
I will invest my bitcoin for long term and that is in DCA method.
That's the spirit mate because the only way you can totally eradicate your mind from being influenced by Bitcoin price movement is by focusing on the future of Bitcoin because what always affect most investors is that there mindset is always on the possibility of getting profits on a short time, so perhaps one of the things about investment is having the planning and sticking to the plan no matter the unforseen circumstances that could arise because I have seen most investors who uses DCA as their method of accumulating Bitcoin but whenever they sees Bitcoin price increases above there entering points, the first thing that comes to there mind is selling there Bitcoin and waiting for the Bitcoin price to drop a bit so that they could buy again, which is actually bad for an investors whose intentions are for for long time holding because at that time they are no longer a holder but Bitcoin price chasers, so actually irrespective of using DCA in times of Bitcoin accumulation with the intentions of holding for long, there most be an intentions to stick to the planning and holding the Bitcoin no matter the unforseen circumstances thatay arises. I will invest my bitcoin for long term and that is in DCA method.
Most people find their way into the crypto space with no mentor to guide them on how important Bitcoin is and they think it is too late to invest in bitcoin.
There is little mentors can do about holding Bitcoin for long because most people panicking and selling are already aware of the benefits of holding for long. As a matter of fact, they know that there are people who have made decent amount of money by holding Bitcoin from its early days. Without being told, they already know that buying Bitcoin during bear season and holding until bull season within a cycle of few years will make them make some good profits. According to 1miau, HODL is purely a mental challenge. If you go through that submission, you will agree that the mentality of the hodler play an important role for a successful Bitcoin holding. There may be other factors that contribute to successful Bitcoin holding as well, such as planning both your finances and when/how to buy.
while some people are looking for where they will get x20 in the short term, not knowing that investing in shitcoins will only make them lose their money because they are gambling and not sure of winning. The manipulation in shitcoin is too much, for instance, if a shitcoin has a $500k market cap some whales can push the market cap to $2m, and once those whales sell their token you will see the shitcoin will do -70% from its price, and if you don't sell that shitcoin before those whales sold their holding, you will lose your money on that shitcoin investment because the shitcoin has been dumped where it will never recover from its price. In bitcoin investment, you just need bitcoin knowledge and funds to use and invest in bitcoin with the DCA strategy, and no one will manipulate you or take liquidity on your head.
The risk of investing in shitcoins are numerous. Obviously, shitcoins are created to steal people's money and they do that through different practices, some of which you already mentioned. 90% of those losing money in cryptocurrency had their encounter in shitcoins. That is why I will not encourage anyone to invest in shitcoins. Jump to: