Topic: Buy the DIP, and HODL! - page 446. (Read 123242 times)

There are still many people who know about Bitcoin but will refrain from investing in Bitcoin. They will be among the common penitents. Those who didn't buy Bitcoin before 2014 despite its dip now they regret. When the Bitcoin price reaches 250k it may be repeated that those who didn't buy Bitcoin before 2023. So this time should be utilized properly. By doing DCA, people of different income level can consider this small asset as an opportunity to gradually grow it into a large asset in the long term. For those who do not have sufficient money but can make some guess about the future of Bitcoin, applying DCA can be considered as an opportunity to grow the portfolio regularly and turn it into a long term asset.

It will take time some time for many of newcomers to know how to use the word "cryptocurrency" because that was what many of us heard before we arrived here. Personally, I never knew the difference until I started following discussion in this forum. Now I'm better informed even though I am still learning.

Also many people are still struggling to really understand or are finding it hard accepting the fact that Bitcoin is different from the other numerous coins out there. Time too will make them understand. Therefore, I agree with you that our focus should be Bitcoin so we will avoid many distractions and unnecessary arguments that will not help us achieve anything here. 


This notion of Bitcoin price reaching $250,000 is still complex and difficult for me to comprehend because there are a lot of factors that will make it happen. As someone who is already accumulating Bitcoin, I will wish it would come to pass, but I don't want to dwell so much in that expectations so it will not make me take greedy decision regarding my Bitcoin accumulation. I will continue to apply my DCA the way I designed it to grow at a pace that will not put me into any form of financial pressure.

DCA is a very well known strategy in the bitcoin investment world and it's easily used because the amount of risk involved is very small and every investor who has a small or huge capital can actually do because it very easy to carry out the only problem will be if the investor doesn't know what he or she is doing then actually yeild good results from the DCA strategy will be a problem.

There are so many investors that have planned to invest through DCA but have failed to meet up either by not properly planning it or going out of their plan and I think this is only problem that is faced with the DCA strategy.

With limited financial capabilities, it is difficult for small investors to invest a large amount in one purchase, hence DCA comes as a solution for investors to increase the size of their portfolio slowly but steadily. I think it's not only small investors who do this, but big investors also do the same thing, but maybe the difference is that the amount they put in is bigger than what a small investor puts in.
This is the easiest way and the best option, especially for me personally this is a very helpful way. Especially I do this for a very long term, slowly but surely with this strategy I increase the amount of my portfolio every week.

Yes, that's right, once the scarcity factor becomes bitcoin, the price will be even higher, especially with the bitcoin halving of course demand will increase. And the possibility of Bitcoin's price falling is quite low because its user base is very large and many are holding this bitcoin. The reason why the value of Bitcoin will continue to increase in the next few years is because the number of these bitcoins is limited. In addition, the widespread adoption of Bitcoin in several countries bodes well for Bitcoin's future.

So the smartest way to invest in bitcoin for us is to HODL and turn off your brain while the market does its thing. Or simply DCA into the portfolio every paycheck and throw in a little extra cash on big downturns. Most people make more money this way in the long run than by trading. However, it takes discipline.

good question, yeah actually it will be very difficult for an average person to acquire Bitcoin when the price has gone way up to $250k but perhaps this is one of the reasons why DCA strategy was introduced so that regardless of what Bitcoin price will become in the future people who are not financially stable will always have the opportunity to accumulate Bitcoin using DCA strategy due to the fact that price doesn't influence DCA in times of accumulation but instead it can only reduce a targeted accumulated amounts of Bitcoin either weekly or monthly due to the price increase, so no matter how Bitcoin price may have gone up DCA will always be there to guide us through the accumulation process.

Alright, man. It's quite simple. With $2000 in your bag, what you can purchase with that amount now will be higher than what you can purchase with it in the next five to seven years. Since the percentage of inflation gradually increases almost every year, it's more likely for you to increase your annual earning capacity. This way, you can slowly accumulate some amount of Bitcoin within 5 to 7 years, even if the price reaches $250k, using the Dollar-Cost Averaging approach.

I remember when people regretted not buying Bitcoin when the price was lower in 2014. But regardless, a lot of people are still buying now and holding, and even average individuals are investing in Bitcoin.

Indeed, Bitcoin is relatively young, being only around 15 years old, and remains early in stage of its development, landscape of Bitcoin could undergo significant transformation in the next 30 years. Its volatility will also decrease overtime with the increase in its market cap as I also mentioned in my previous post.

The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years. Hence, current lower prices present valuable opportunity to accumulate Bitcoin before it becomes less attainable.

You sound a bit lost with your intermingling shitcoins into your discussion.

Maybe you want to reframe your question and try to focus on bitcoin, especially since this thread is about bitcoin.

Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.

Since bitcoin have been a volatile asset since the arrival of cyptocurrency, and the huge success being recorded since it was introduced i believe that we can be convinced with the authenticity of these asset just in a decade so now you can imagine in the next 30 years how it's gonna appear.

So far as bitcoin recorded these level of success just about 14 years now, you can confidently understand that it cannot be compared or measured with other altcoins and the possibility of turning into the next generation currency is obtainable because it have been used in more complex trades and successes were recorded.

I am ONLY talking about bitcoin.  Fuck shitcoins and the vague and non-specific idea of cryptocurrencies.. whatever that is supposed to mean.

If you do not make it clear that you are talking about bitcoin, then some people are going to think that you are talking about shitcoins, especially if you are mixing up your terms and making vague references to cryptocurriencies, in which an overwhelming majority (if not all of them) are either scams at worse or just deserve a presumption of being a scam, at best.

In other words, presume all projects that have its own coin/token that is not bitcoin to be a scam.... there might be some limited reasons to invest (or gamble with shitcoins), but hopefully it is less than 10% of the size of your bitcoin holdings that you would use to fuck around with any shitcoin.


That's true... even people who are in bitcoin might not really understand what bitcoin is, and surely shitcoiners are people involved in shitcoins/cryptocurrencies and those who use vague descriptions, such as "crypto" or "cryptocurrency" likely to not understand bitcoin enough in order to be more clear in their chosen language...and their chosen ways to make sure that they are being clear about bitcoin as compared to any reference(s) that they might want to make to shitcoins, if it is even relevant to the at-the-time discussion.


It does not hurt to talk about bitcoin from time to time and even mention it from time to time, even if many people who might be friends or relatives might not be interested in terms of hearing about bitcoin.. but sometimes, it might be helpful to mention bitcoin from time to time when it is relevant and even maybe saying.. bitcoin fixes this.. from time to time, as long as you are able to back up what you are saying in the even that they might ask any questions.


You may be caught up in Keynsian propagandistic ways of thinking in terms of believing that the money has to circulate in order to have value, but the fact of the matter is that Gresham's law is going to apply whether normies realize that they are doing it or not..... so people are going to tend to spend their least valuable money/assets prior to their more valuable assets/money, but it does not mean that they are not going to spend their bitcoin, especially if they have run out of other assets/money to spend and they need to eat or they need lodging or they want to have a new Iphone 15.

There are likely always going to be some people providing liquidity to the market, even if there might ONLY be 500k bitcoin circulating and 20.5 million in cold storage.... whatever circulating may well have to circulate a lot more... until the price goes up enough for the HODLers to decide to use it.. and yeah you are suggesting that there needs  to be incentives for sellers to even build infrastructure in order that someone will be able to sell their bitcoin in the event that they are wanting to sell their bitcoin.. ,so it won't do them any good if no one accepts bitcoin.. or there are no places to sell their bitcoin.


You make no sense Hewlet.

You seem to be talking about some kind of a shitcoin rather than bitcoin.

Sure you can hypothesize about extreme scenarios in which no one would want bitcoin and therefore the BTC price will go down, so even if what you are speculating about is possible it is not too likely to be the case, so why blabber out such nonsense as if bitcoin were some kind of a shitcoin when it is not.

Mostly likely you are typing such nonsense because you hardly have any clue in regards to what bitcoin is... so good luck with that.   Hopefully,  you bought some BTC just in case you are wrong about your fears of bitcoin's hypothesized downward spiral.

Do you trade your bitcoin in the non-custodial wallet? This is reality if everyone decides not to trade their bitcoin, whereby there will be no sell order in all those exchanges. Read again mate i said this can't be possible especially when it comes to Bitcoin. Perhaps you don't really get what i mea buy a store of value.

Bitcoin is just a decade old, and has done a $1trilliom market capitalization in the past which is proof of the potentiality of Bitcoin, compared to other assets in its class such as gold, even though gold has been in existence for several decades it it still doesn't match up to Bitcoin in all sense of it being an investment, although Bitcoin can still be regarded as a un matured investment due to it space of time in existence if comparing bitcoin to other assets like gold which have been seen and taken as a matured investments for several decades, this have been the only point we can point to that make gold to be above Bitcoin which is a time of existence of both assets.
All that will change in the coming years and Bitcoin will become a full flesh replacers of gold in it digital form and providing liqudities that will keep bitcoin investors at an advantage over other of it forks in that category.

You are getting the whole concept wrong mate, if nobody wants to sell their bitcoin and move their coins to a noncustodial wallet, doesn't mean that the market is dead. Instead, this will even make bitcoin price go higher because the quantity of bitcoin available for people to buy will be very little or none, which will make bitcoin more scarce and more valuable since it is rare to see or hard to buy. This makes every bitcoin more precious, and nobody will want to sell. The same thing applies with bitcoin halving, after every halving the bitcoin that will be mined will reduced 2x the previous amount making it to increase in value.

 Take an example with gold, if it happens that everyone has gold and nobody 't want to sell wants to sell their gold, if a stranger comes to buy gold, and he confirms that everybody has but don't want to sell because they are hoarding it, if the stranger manage to see just one person that decides to sell for him, no matter how much the person calls the price, the stranger will buy it because he knows the important of gold and the reason why he is buying it.

We all seem to focus on the how holding bitcoin will be of advantage or disadvantage to bitcoin investors. My questions is what if all Bitcoin were sold what will be the faith of those who have been holding for quite some time now?
Also what if no one wants to buy at the price that was set, definitely the price would go down drastically. and if no one wanted to buy even after the order was placed, then the price would go down even more. till there will be no trade.

Technically your right my friend, but on the other hand holding will give it a store of value in which it, as it is now, will be utilized and traded for more usable currencies. If absolutely no one wants to trade, then the market is dead, and no value can be assigned to it. By calculation, price is given if a trade happens, and if no one place any trade order, there's no price. But in reality, it can't happen that way, there will always be a buy and sell order when it comes to Bitcoin. Even if no one wants to sell, a buyer is willing to raise the price so high for someone to sell and then the price will go up instantly. So, in general holding bitcoin can be of advantage to those who wants are patient enough to hold till the desire price they want and of disadvantage to those who wants quick profit and might end up Lossing it on the way.

Every market is dependent to demand and supply which is the factors that fuels Bitcoin price movement but however the higher the demand the higher Bitcoin price will become so perhaps holding doesn't affect Bitcoin instead it makes the price to increase the more, let's take for instance if almost everybody decided to hold there Bitcoin you will see that there would be lack of supply as such making the demand to becomes higher were as also making the price to go higher because of the scarcity and higher demand.

You are absolutely correct. Yes, if someone does not accept Bitcoin and does not want to get bitcoin knowledge, anything the persuader is telling the person is a total waste. Sometimes they act like they really care while listening, but after listening they don't partake or even make an attempt to take advantage of Bitcoin.

It's a foolish idea to try telling someone who isn't interested to investing in Bitcoin about Bitcoin, because after everything, some of them still don't give a fuck, so I do suggest we should wait for them to come to us first before telling them about Bitcoin, or they should make a move to have Bitcoin knowledge first before we can give them a chance of tutoring, but trying to persuade them first will not be a good start and will look like forcing them to do what they still don't won't and trust to be told, inside their mind the persuader is a crazy fellow who is forcing them to do what they don't want or like.

I would not like to say specifically any new or old investors should follow DCA. Anyone can apply the technique by recognizing these beneficial aspects. However, those who are not financially astute may consider investing in Bitcoin as an opportunity to grow their portfolio. It doesn't matter how much I invest. But the key is that I am investing small amounts regularly which will help to grow my portfolio. It also plays a role in reducing risk as it creates investment opportunities. It is not possible for an ordinary or small investor to invest large amounts at once. If those investors are willing to invest then DCA may further encourage them to invest for the long term and definitely It will be the best way to invest systematically.

… but not profitable for Bitcoin.

It’s this statement that I feel drawn too, falconer are you saying holders essentially minimise the utility of Btc and this is what is not good for BTC? This is one topic I don’t see talked about much, it’s in my list of I need help understanding this.