Topic: Buy the DIP, and HODL! - page 435. (Read 140500 times)

Maybe you mean to explain the initial preparations for every investor who wants to invest in Bitcoin, and I think almost most investors have realized that when they want to invest in Bitcoin. Because in every job there should be no interference or obstacles in any form if you want to remain successful with that job, especially if the target is to buy at a low price and sell again when you see a high price, even though there is a time period used by the investor himself when expecting quite high price on Bitcoin.

I think it can still be adapted by all investors who want to invest in Bitcoin in any way and will also continue to do so quite consistently over time. You can just imagine how much joy many investors have had who bought the Dip and held it until now from the beginning of last year to the beginning of this year, maybe there are some investors who have taken profits after many months after a full year with Bitcoin. But this year it is still quite possible that investors and buyers of Bitcoin will also increase because the moment is good enough and the trend is right enough to do that.

Here is my previous post on DCA vs LUMP SUM investment which is compiled over a period of last 4 years. You can see in the long run LUMP SUM investment beats DCA. Also you can go to dcacryptocalculator and change duration of investment along with amount and can see whether it works for short duration or not.
DCA is best for those who don't have huge amount to invest at a particular time but can invest small amount for longer period of time. If you dont have enough funds then its best to invest in Bitcoin in DCA manner rather not investing your money anywhere anywhere.

It has been proven that the price of Bitcoin grows and recovers over several years (a little longer) and therefore it is necessary that if we want big profits then invest Bitcoin over a long period of time.
Regarding the money used, I think every experienced investor will understand, Bitcoin investment is not a short-term investment that promises big profits, so we can decide for ourselves after knowing all that.

If that person has known Bitcoin for a long time, he will think that holding Bitcoin for the long term really provides big profits. They will keep holding it until they can see a big profit, and then they will sell it. Many people have been waiting until now for Bitcoin prices to rise high and they can still be patient.

At least, the price of Bitcoin could reach $80,000 and even more than that in the future. And as long as there is still time to buy Bitcoin, we should use it well.

Now, the green candle has returned to the market, but the price still seems to need more time to increase high again. Let's just wait and you can buy it again if you want. Don't forget to continue the DCA you are doing if you are already using DCA.

I really agree with your opinion, there is always a risk in every business/investment or choice, Therefore, it would be better for us to consider and carry out an analysis first before deciding to invest or do business.

That's what I'm doing now I'm starting to have a serious interest in Bitcoin starting in 2022, some people think I'm late but I think it's never too late.

But after doing some analysis I have the opinion that Bitcoin will continue to grow for the next few years even though we don't know what the future will be like. But I am optimistic about this, it can be seen from the increasing number of people getting to know bitcoin every year and they are starting to be interested in investing in bitcoin.

That is why we should not rush into bitcoin investment, we should understand Bitcoin is not a get-rich-soon, so anytime we are ready to invest in bitcoin we will make sure we have a source of income that will allow us to freely invest in bitcoin with the DCA strategy and also take care of our financial challenges so that we will not depend on our bitcoin investment to settle our financial challenges when the needs arise.

Of a truth the impact of a little Bitcoin price movement on most of the investors that has invested huge sum of money on Bitcoin is higher than those that has a little amount of Bitcoin but however that shouldn't be your major concern because you can only invest with what you can afford because if you follow how most people are investing you may end up not lasting long on the investment do to the fear of losing out, were as making you to over invested.

And secondly even if you have accumulated a little amount of Bitcoin and decided not to keep accumulating again thinking that sometime in future you will have a big return, perhaps even if the price should hit $100k in the future your profit will still be very small, so actually it doesn't matter how small you are accumulating Bitcoin but what matters is how consistent you are because in the future you will be surprised with what the little amount you were using to accumulate has worth.

They became hesitant its because they don't have enough knowledge about bitcoin but if they experience the year you have mentioned for sure there will be no question came out on their mind or doubt that its good to invest on this coin for long term since we have lot of bullish run to come which have proven for so many times and they get rewarded if they just trust the existence of bitcoin.

Bear season pass and for sure there's a lot of doubtful people out there regret their decision for not accumulating at that time then they see this current price where they already get a profit if they just buy bitcoin when the price is cheap. Also once bitcoin will start to have a good rally especially halving hype will occur to many discussion about their regrets for not buying will come so to avoid this to happen we should better act good when bearish season comes since actually this is the good time to accumulate.

For me I think the poor guy has the tendency of holding Bitcoin for a longer time. The rich guy who invented with a big money will see a huge profit once there is a little positive shift in the market. But the poor guy whose investment is not that much won't see that big profit in that short positive price movement, hence the need to hold for a longer time till when Bitcoin makes a reasonable price movement let's say from its current price to like $80,000 to $100,000. Unlike the rich who will see a big profit if price move from current price to $46,000 to $50,000.

It's obvious that any one who wants to invest with bitcoin most take a risk because its risk that makes investors to make profit and its same risk that makes them to lose and if you don't summon courage for cryptocurrency investment you will not make a profit that is one of the things that is paramount for cryptocurrency investment.

When you said that we should not bag our eggs in one basket that simply means diversification of investment and really no cryptocurrency like altcoins that does not involve in risk because some of them doesn't have potential as bitcoin,  bitcoin is the most potential cryptocurrency that you can invest and make your profits because it withstand long time bearish why some of the altcoins decrease to zero during long-term bearish

Making wealth doesn't measure but it has criteria and for cryptocurrencies you have more chances of making wealth with bitcoin than any other investment of cryptocurrency, but some of us won't understand the scenario I'm trying to elaborate concerning cryptocurrency diversification of investment, actually it's good to diversify when you have already examined the coins that is valuable and still have potential and reputation as bitcoin has.

There's a dump in the market earlier but it has also made a recovery by raising a strong resistance against the dip in other to maintain the pump in the market, we are now almost were we have been even though we aren't there yet, there's much to experience and also expect coming during this particular period because the market is likely to be more moving towards in this same direction before it reach another stage to pump it higher on bullrun, there have been speculations ongoing about the Bitcoin spot ETF approval to be one of the major factor to push the market a bit more higher before bullrun is introduced after halving.


Let's get this right, even if there's a change in Bitcoin ETF approval date not to be January again, there's still going to be high expectations on the Bitcoin market price because we are going to still experience the bullrun after halving, what we should ensure doing now is to make sure we are buying and holding as much as we could afford, there's a time coming that will be more appreciated than this after halving has taken place, every bitcoin holder will have a reason to smile.

If someone is hesitant to take risk then they will never get rewards even financially but the risk they are taking should also be calculated not just completely blatant. Even we know bitcoin is going to be big, the conservative approach is invest a part of your savings in bitcoin, remaining into other assets as well that will fulfil the criteria of don't put all eggs in one basket. Which may take more time to accumulate wealth with the diversification strategy but it gives us leverage to past the hard time if one of the asset invest isn't doing good because it can be compensated with the profits made from others.

Before someone invests in a project, they would have been a very reasonable conviction for them to invest into that project. And this is the mindset of the big investors who have being in the market for a very long time. Bitcoin many years ago, let’s say back to the year 2017 was still very low in price as compared to what it is now. If Bitcoin can move up to $63K in 2021 and is not retracing back there now, is enough prove to say this is a worthy investment. Bitcoin has experienced halving three times and is now set for another halving this year. After every halving, the market experiences bull run which use to mark a new all time high for bitcoin. If this has happened on three different occasions and still following the same path, I don’t think there is any investment convincing enough to invest in than bitcoin in this century we are in now.


Bitcoin spot ETF whether approved or not approved should not scatter your plans for accumulation. If you’ve been doing DCA for long, stick to it and don’t allow the news of the bitcoin ETF disrupt the plan. We can see how the news of the bitcoin ETF affected the price of bitcoin when it was falsely rumoured that it has been approved in the past. You should know that the bitcoin ETF is just another big player manipulation in the market and when its time passes, the market will still continue moving on its right path. Nothing should disrupt the plan of your accumulation, once you’re on the right track, of course you’ll achieve what you want in the long run.

You did well, if all you said was what you told him and what you help him to achieve, but hope you also made him to understand that bitcoin is a volatile asset which no one should expect profit all the time, the market can be against the investor, sometimes too it can favor the investor, you still need to tell him that he should investor in others things not shot on per say but other asset that can generate earnings for him so that he wouldn't think about touching his bitcoin investment in a short run, if possible, I don't know if his old, he can also look for a job that will help him to meet up with his immediate needs, since he has purchase bitcoin already, he should be knowledgeable enough to be in the system, this is my take on this.

Sometimes they don't equate investment duration of bitcoin to the profits because you might purchase bitcoin when the price is high and keep it for long duration and instead of the value to increase for you to make a profit then the value depreciate, we all know that long-term investment gives a profit but it can only gives you a profit when the price of bitcoin increases,  that is reason why we don't need to be curious for bitcoin investment knowing that the investment is all about risk neither you make profit or you lose.

One of the major concerns for bitcoin investment a investor have to have in mind is to make sure that the investment it have a timer for any of the investment,  because if we use what happens previously to explain bitcoin investment may people might be biase or discouraged for the investment...bitcoin investment is something you can invest now and within some period of time you make profit that is why its not necessarily mean that what will fetch you more profit is the longer your investment stays, sometimes we do experience long periods of bearish and it can be one year or two years and if you purchase at high course and the value depreciate due to long  bearish you might sell out your bitcoin under panic

So what is very necessary for bitcoin investment is timing and duration you want your investment to stay and secondly having in mind that bitcoin investment is depends on risk because you may be profited for the investment or either you lose, but people taught that the longer you allow your investment the more you make profit,  such scenario can come to accomplish when you purchase bitcoin very low prices and throughout the years it stays the price  continue to add more values, so getting profit for your long-term investment depends on monthly and yearly positivity of the marketcap of bitcoin.

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

Our society and our world is about the rich and the poor. We can distinguish between a rich person and a poor person only by seeing that there is economic inequality. Just as a poor person dreams of improving his financial condition, a rich person dreams of how to increase his money. Those who are less economically well off work hard and with the money they earn they can only support their family but they can't change their economic status much unless they get a big opportunity. Those who are not financially well off but have an idea about Bitcoin investment try to invest some money even though it is difficult so that their financial condition will improve in the future. If the process of investing and holding the investment is well known then even a poor person can accumulate good amount of money by investing and he can get good profit from his investment.  

Investing is easy for rich people because they have enough money to invest and they regularly get opportunities to invest much more money than a poor person. While rich people have such opportunities, poor people do not have such opportunities. They work hard to earn money. And from that money they set aside some money and the amount is not much. But even if the amount of money is not much, if a poor investor continues to invest a certain amount of money regularly for a long time, then he is successful in investing.

A poor person's job would be not to follow others and be content with what he invests himself. If someone else invests several times more than him and he follows that person, the poor person will be disappointed that his small investment may not meet his expectations. If you have faith and trust in your investment and can invest regularly for a long period of time, it is possible to achieve 100% success from investment even by investing a small amount of money.

The longer the investment is held for, the greater the potential for profit from that investment. The point you are making is that investing in Bitcoin when it was worth fifteen thousand dollars and selling the investment at the present time would have made an investor a lot of money. Let's say you bought a bitcoin at $15,000 and you haven't sold your bitcoin yet, where the current price of bitcoin is $45,000.  Instead of selling Bitcoin at $45,000, you plan to hold your investment for a longer period of time. 
After holding for two more years, you see that the price of Bitcoin has touched one hundred thousand dollars, so which one is more profitable, investing for two years or investing for four years or more? Of course, holding the investment for four years or more will give you higher returns and if you hold your investment for a longer period, the profit potential may be higher, so plan for a longer period of time when holding your investment.

You should probably use the word bitcoin somewhere in your discussion, and if you are suggesting that a lot of people are confused and distracted by ideas of "crypto" there are better ways of saying that and making sure that you use the word bitcoin in your discussion, especially since this thread is about bitcoin.. and sure from time to time, we might contrast shitcoins with bitcoin or to suggest to stay away from shitcoins and tradings, but we still need to put our words in some kind of a proper context and actually use the word bitcoin so that people are better able to know what we are talking about.


Whether we are aggressive or not, I presume that you are saying that we are doing this kind of investing in regards to bitcoin, so if you don't use the word bitcoin, it can get confusing regarding what you are talking about..


Sure it is important to tailorize our investment into bitcoin in accordance with our own particular circumstances, and surely we cannot really know what is going to happen in the future, so we can size our investment into bitcoin in accordance with how much we might consider is a reasonable amount, and that might not even mean that we need to be very aggressive, especially if we are just getting started, so we might feel that we know even less than someone who has been studying the bitcoin space for a while, so in that context, we might have a budget in which we could invest $100 per week into bitcoin, but instead we choose to start out with $10 or maybe $50 per week into bitcoin, while we are studying it and figuring out at what point we might be willing to move our amount up to something like $100 per week, if we might have had already decided that $100 per week might be within our possible budget.


If you are investing until the next ATH and you have ONLY accumulated $522 based on $48+ per week, then you are not investing "for the long haul", as you mentioned.  On the other hand, if you invest at $48+ per week for the next 4-10 years or more, then maybe somewhere down the line your claim of investing "for the long haul" might have some truth to it.. Otherwise, not even your words are matching up with long term intentions rather than just seeming to want to ride this possible short-to-medium term wave.


You are looking at the wrong data.

Sure newbies get in and out but so fucking what.

Longer term bitcoiners are not selling at these prices...and most of the coins are not moving.  Seems that the pressures are generally up even if you fear various down periods or you fear that the BTC price is not going up fast enough or in enough of a direct line for you.


Sure DCA is a strong technique to build resilience, but even folks who are DCA'ing can get scared out f their coins.. .. but yeah generally speaking we have a lot of UP, since mid-October from $26k/$27k until $45/$46k and without too many corrections.. but does not even mean that corrections won't happen, and the mere fact that selling starts to take place, that can sometimes be pushed by those trying to get the price to go down, and it is not always clear if they will be successful or if buy pressure has sufficiently kept up with the UPward price movement.

We cannot necessarily know short term, which should be part of the reason to either HODL 4-10 years or more.. or perhaps to accumulate for 4-10 years or more and then decide after accumulating for 4-10 years or more what you are going to do.. because you could be accumulating for 4-10 years or more and then after 10 years or more years, then start your holding period at that time for another 4-10 years or more...

How much you need to accumulate depends on how new you are to investing, and if you are brand new to investing, you probably would not have good chances of getting to fuck you status in 10-15 years, even if you had been aggressively investing the whole time and even though surely it could be possible, but you are trying to get to entry level fuck you status, you likely would need to get to 20-30 years worth of income built up in your investment, so maybe even if you were aggressively investing into bitcoin, you maybe could get to  1 to 2 years of investment into bitcoin in 3-5 years, if you were investing 30% or so of your income, but that may well be too much for many folks (especially newbies) to be able to put togethert a system in which they are able to be that level of aggressive without over doing it..


We cannot completely generalize, but there are cases in which poor people pass up rich people because they are more motivated, and the rich will sometimes take their richness for granted, so they end up not being as smart as the poor man who becomes good with building his capital.  Sure the cards might be stacked against the poor person, but sometimes they are able to catch up and to get ahead based on persistence and being strategic with his capital.

Sure sometimes the world is so unfair that the poor person will not be able to catch up to the rich who might even employ inferior techniques because there are a lot of advantages with starting out rich. and some of it is financial and other parts would be having access to social capital and other advantages, but the poor person would just need to try to do his best under the circumstances, and sometimes the poor will resort to crime or to shitcoins because they consider the regular system to be too stacked against them, and none of us can make those kinds of decisions for others, even though surely something like bitcoin does offer some opportunities for traditional poor folks to be able to catch up to the rich who are not giving enough credit to bitcoin and not accumulating or maintaining a stash of bitcoin.


We are quite likely going through the largest wealth transfer in history, so there are going to be some who are on the receiving side and others on the losing side, and even though bitcoin is likely going to increase the size of the pie, the ones who enter into bitcoin earlier are likely going to be unfairly advantaged over those who enter later, yet everyone will likely still prosper from the overall system, even though some will prosper more than others. 

So I personally imagine that those who know about bitcoin have to also act upon their knowledge, and so those who know about bitcoin and are acting somewhat aggressive in their BTC accumulation, then they are likely going to get rewarded for that... and sure, if you are already part of the status quo rich, you may well not need to act as aggressively as compared to a poor person, but we even have status quo rich people like michael saylor  (as @Jaycoinz also mentioned) who are engaging in pretty damned aggressive behaviors in regards to his own personal accumulation (and his company's accumulation) of bitcoin, so that does drive the price up for the poor people to be able to get BTC at cheaper prices and to be able to front run the other status quo rich folks, institutions and governments..  .. but yeah, even a brand new bitcoiner, cannot go back in time and he has to decide how aggressive he wants to be right now. and likely he would be better off to act sooner rather than later to begin his bitcoin accumulation journey because it can take a while to stack sats... and even could take longer if you wait an the BTC price ends up going up rather than down or sideways.


Yep there is variations of level of aggressiveness, persistence and even smart applications within the rich and within the poor too... but the point still stands that there are going to be a lot of variety of people, and some of them are going to advantage more than others in terms of our likely ongoing greatest wealth transfer in history, and the level of their advantage will likely come from both their knowledge of BTC, but also their acting upon such knowledge, with probably the acting part to be the most important aspect.  It is not going to do as much good to just watch bitcoin from the sidelines without actually investing into it... but hey people can do what they like, and mostly what people still are doing is watching from the sidelines, even when they claim to know about dee cornz.  But those of us who are active in this thread are likely not those who are watching from the sidelines, and there are a good number of us who are acting to stack sats and/or to maintain our stacks if we had already been stacking a decently enough long time.


Let's flesh this out a wee bit moar better, so that the person investing over 20 years is also investing $500k or even investing $1million, he likely is not going to catch up to the person who invested $500k right now. 

So think about it.  Someone has $500k and buys right around 11.5 BTC (at $43,500 per BTC). 

A person who invests $500 per week would invest right around $25,000 per year, $250k in 10 years and $500k in 20 years.

Even if we double that to $1k per week, which would be $50k per year, $500k in 10 years and $1 million in 20 years.   

Even though we don't know for sure, I doubt that the DCA person at either $500 per week or $1k per week is going to accumulate as much BTC as the person who invested $500k today at $43,500... and we are not going to know for 20 years, but that would be my speculation in regards to the comparison.  Of course, the $1k per week person would have better chances than the $500 per week person, but I still have my doubts about their ability to catch the lump sum investor.

And, yes, we mentioned that part of the dilemma remains that the person who is DCA'ing cannot come up with $500k now or even $1million, but over 20 years, he may well be able to invest either of those amounts without even close to as much pressure.

By the way, I am not even suggesting that it would even be any kind of goal to get richer than various rich people that you know, because it does not really even matter that much if someone either stays rich while you struggle to catch up, but  I would still consider the main point is to be figuring out ways to make your life and your options better based on your own circumstances as they are now and how you might work on your own conditions to be in the future.

Bitcoin has gotten more adoption since the last bull run and some influential men in the world have also accepted Bitcoin because they have seen the potential of Bitcoin, and what they will achieve if they accept Bitcoin. If the ETF is approved this January, it will be another exciting news that will trigger the price of Bitcoin in an upward trend and increase the demand for Bitcoin. We should keep on accumulating our bitcoin with the DCA strategy at any price till we achieve the quantity of bitcoin we want to accumulate. Remember it is better to save in bitcoin than to save in fiat. Bitcoin will do unimaginable things come this bull run.

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.