Topic: Buy the DIP, and HODL! - page 448. (Read 123965 times)

You keep saying risky, risky and risky. Yes, that is something we don't want in the investments we make. In terms of experience, you already have many ways to minimize the risk of the investments you make using various methods that you have previously understood. Even though sometimes the word risk is quite haunting in our minds, we are ready for these consequences. As long as I implement the DCA Strategy, I think we will be able to minimize the risks that we will accept if it does or does not actually happen. We are ready to face whatever happens in the future.

Everyone has their own principles in how to invest in Bitcoin, whether by DCA or by buying instantly. However, I think Bitcoin investment is more profitable than the risks you mentioned. The supply of Bitcoin is limited and there is no inflation that occurs therefore we are confident that we will make a profit in the investment we make in Bitcoin. Keep buying gradually and hold on for a long time.

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading

In my opinion, establishing bitcoin as a risky investment is a must because after all this is one of the risky investments and indeed we must be aware that it is a fact that cannot be changed but of course we have a choice with the risks that exist in bitcoin because we can skip it if we can't afford it even though it's a pity if it's missed or maybe the second option where we are ready to face all the risks that exist in bitcoin with the belief that bitcoin can be something better than today in the future by looking at the progress that bitcoin has had for more than a decade.
The choice of people who are in bitcoin now is to face that risk and consider it a process from us to be in bitcoin so that we can be at this point where we become an investor by continuing to invest in bitcoin regularly.
Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

Nice one brother, you know most persons get such knowledge and opportunities and still wont grab one, cant be termed ignorance at this point because i believe Bitcoin has been widely spread across. Now we are in a digital space where information, and knowledge are evenly spread and easy to access unlike before where there was poor means of passing information, so ignorance would not be an excuse to missing this era of Bitcoin Dip just before hitting another ATH

Bitcoin can't be for everybody it is meant to be that way, and who so ever wishes to partake in accumulating Bitcoin is doing so at his own benefit and those who still considers it as scam, there decision should also speak good for them

If a person still has trust issues on buying Bitcoin which is the simplest means of accumulation, how much more does he want to involve himself into Bitcoin mining, where much funds is needed to initiate the mining so it can be profitable, such person still sees Bitcoin as being risky and does not want to become part of Bitcoin owners

Small investor will face difficult for accumulating in bitcoin one day later when raising to higher price, such as with $10 investment still worth right now by daily accumulating seems difference one day later when bitcoin raise to higher price above $100k. So during get great an opportunity don't waste time for accumulating in bitcoin and keep reinvesting although with small fund due bitcoin price still under $27k and amount with $10 in daily day for accumulating worth for upcoming time when bitcoin will raise to higher price.
Don't think what happen later if have chance for accumulating right now although with small fund due saving fiat have inflation but saving or investing in bitcoin will increase or our amount investment assets in the future.

Agreed and can attest to this. Faucets 8 years ago gave away some good amounts of bitcoins, like 1 bitcoin per click or so. It wasn't worth my time then but later regretted. Such an opportunity is rarely found now.  I wont be surprise that some set of persons still lack trust in Bitcoin regardless of how it has proven itself all these years. Because in 2014/2015 people never really believed in Bitcoin they dont believe how a digital currency could be outstanding and promise a revolutionary technology in it, they all felt its one of this internet scams then, but yet these people still trust the internet system.

There are good ways to accumulate Bitcoin, if such a person still lack trust or fear of investing now then h/she can buy some hardware, setup and start mining. Those who couldn't buy Bitcoin then should not miss their participation in accumulating now or might regret later for miss.

You have a point because that's one of the issues most people that uses DCA strategy are having because in as much as they plan accumulating Bitcoin on a daily or weekly basis with amount that is sufficient for them but they still tends to get greedy while listening to speculation that talks about how Bitcoin price will reach $250k anytime soon, however affecting there psychology on DCA strategy and making them to think about any other possible way to accumulate as many Bitcoin they can so that they will have hugge amount of Bitcoin before the price gets to the targeted speculation amount and before they realize themselves they have aggressively accumulated Bitcoin using all the funds they have, and later they start regretting and by then perhaps the Bitcoin price has gone against them and will be forced to sell off the accumulated Bitcoin with lose, so we shouldn't allow greed to cloud our judgment in times of accumulating using DCA strategy even as we accumulate gradually but with we will still meet our targeted amount in the future.

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.