Topic: Buy the DIP, and HODL! - page 451. (Read 136419 times)

It’s really not easy to figure out which shitcoin is less shitty but I wouldn’t say it is pure gambling if you know what you are doing, there are ways to figure out coins with higher potential when you carry out proper research and you will come out on top. In my opinion most of these shitcoins are mainly there for the wise to utilize them to make profit, we all know how they behave so all it takes is to understand when to own them and sell but only those wise enough can understand the perfect timing. Since we are aware this shitcoins don’t have the ability to last forever so it means they are there for us to make profit out of them.

Although shotcoins can be a pain in the ass sometimes and are generally ugly, without them the market would be boring; instead, they add excitement and interest. It's exciting for investors to attempt and outmanoeuvre them in their game because of their erratic behaviour, which alternates between a massive pump and a rapid fall.  They are highly profitable and risky, so anyone up for the challenge is welcome to give them a try. However, as bitcoin is the most trustworthy investment, I would encourage them to consider it more carefully.

Shitcoin is usually not used for money laundering but it is a game of ownership by pumping first and then they make shitcoin for their own benefit after getting the money they run away and leave the project.

Money laundering in shitcoin will not be strong because their liquidity is small so indeed shitcoin will never be valuable and the price of coins is always played by the owner by creating hype and fomo after the price soars making shitcoin to the market and rugpull.

If you know shitcoin is like gambling then avoid it, because it will be too much risk. Simply choose bitcoin as a safe investment in the sense that the price will never go to zero.

Seriously  I don't really think it easy to figure how shitty a shit coin can or would be it's just a 50-50 hope of rise to fall even if there's a high tendency for it to appreciate we all know it will get dumped and abandoned forever. Sometimes,  I wonder if this so called shit coins are used for money laundering as there will be  a big pump all of a sudden and all becomes shitty in just a hour or less.... just saying though . The best choice is to just stay away from it or just consider it as pure gambling, a win good for the winner   a loss acceptance of fate

mate there is no point creating a distinct thread instrumental to diversification discussion, I think this thread also envelopes discussions that revolves within the idea of buying the dip and hodl. And diversification is not out of point.

If as an investor how do you intend getting funds to fund your plans of buying the dip if you don't have a good diversified source of cash flow. You don't buy the dip with empty hands and that's what makes me believe that the discussion of diversification side-by-side the dip is something that can't be overemphasized if buying the dip is with the plan to hodl for long term.
You've got to have a sustainance to make the long term plan possible.

Every investor will want to invest when the price of Bitcoin is low because the lower they can invest in Bitcoin, the more profit they can make when the price of Bitcoin rises. Some may wait for the market to go down for a long period of time to invest and many do not wait for the market to go down so much in the long term investment plan. I don't think it's really necessary for long term investment, maybe if we wait for a long time the market will come down a bit but we don't need to wait so long to buy bitcoins with a small decrease rather we have to invest quickly and plan to hold for a long time. If you consider the popularity of Bitcoin from its inception till now, then Bitcoin's popularity has definitely increased gradually. Bitcoin reached its peak value of $66,000 from where it started its journey. 
At that time the price of bitcoin went above 66 thousand dollars but now if we invest in bitcoin then the price of bitcoin can again exceed 1000 dollars so we never miss such an opportunity. If there is money to invest then we should invest in bitcoin with some risk of that money in long term plan.
While everyone is suggesting to invest in Bitcoin, I don't think we have anything to test by investing in altcoins. If we need investment vetting then we should invest in Bitcoin for vetting. I quite like investing in Bitcoin and the Bitcoin platform is a place I trust a lot. 

When the price of Bitcoin was $25,000, I invested some amount of money I could in Bitcoin. When I had $25,000, I invested some money in Bitcoin and held it, and now I'm pretty satisfied with my investment. If I divide the amount of money I invested in two, the amount of money in each part will be the amount of money that I am currently seeing profit from my investment. As I got a good amount of profit, for a while I thought I should sell my investment but later I realized that since I don't need the money, I should hold this investment for a longer period of time. Apart from holding the capital and profit part for a long time, I will add some new investment and also keep the new investment amount for a long time. 

As much as I have faith in bitcoin, I have enough faith in the long-term to expect better results from the market.

I corroborate your thought but In this context you cannot find out those potential coins. Moreover  there will be a risk factors. But if one keeps increasing his investment in Bitcoin gradually then in the long run he can grow his portfolio. Investing in Bitcoin we can't give 100% certainty but we can be very confident that it will find a new ATH. But when I invest in any altcoins no one knows if it will ever reach its previous ATH or not. Diversification of investments is of course important but it can be through buying any other asset like real estate or gold etc besides Bitcoin. So that even if the profit is less, it will not priceless.

I disagree with you mate, I haven't seen any altcoin that has potential than bitcoin, when it is a duplicate of bitcoin and they depend on bitcoin price movement for them to pump and dump. Some altcoins will even dump and will never pump again. Don't underestimate what bitcoin can do in the nearest future, and don't waste your time and resources on those fucking shitcoins that are worthless and can make one run at big loss when you invest in them. If is it not bitcoin, it can never be bitcoin.

This is a high tendency that in the next ten years bitcoin price might increase and become more valuable but not for altcoins because they are not reliable. Newbies should say No to altcoins if they want to have an investment because altcoins are not investment because most of them have short life span.

Can you tell us one altcoin that have much note potential than bitcoin @ fzto ?

Diversification is only discussed because you can't hold any one coin. Some altcoins have much more potential than bitcoin. Right now, only bitcoin and a few altcoins are up. But when the bulls really come back to the market, the other coins will also show good growth.

A bad decision for long term hodlers mate, because when they sell at high price and plan to buy back at the dip, they might end up missing out or buying less bitcoin compare to the fraction that they sold. Another disadvantage is that the person is a trader and not an investor because he will be carried away to make quick profit than focusing on how he can reach his bitcoin target with accumulating more bitcoin to his portfolio rather than selling the one that he already has, which might make him make some wrong decisions along the line when he sells that will make him run at loss.

It is the coolest to buy bitcoin at the bottom line, when you have prepared for it by saving extra cash to buy at the dip, so that when the dip comes you can take advantage of it and buy in discount. But not selling your bitcoin because the price is high and believe that you will buy back at the dip. This is a poor investment mentality because it is hard to know when the dip will come and what will be the the bottom line when the dip comes. Such trader might even miss out buying at the dip because he has plan to buy more cheaper to sell at high price and when bitcoin price reaches the bottom line, he will not want to buy believing that the price will still dip and before you know it bitcoin price will begin to pump again and he will be busy sitting down at looking at the market all the time because of his wimpy decisions to buy at the dip and sell when the price of Bitcoin is up.

A long term investment with using the three methods of accumulation will help you achieve a your investment goal, even though it will take so many years rather than just sticking on trading. Newbies should stay away from such mentality because it will ruin their investment goal.

Whatever, but you should know that you must have a job that gives you income so that you can use the extra money that is left after taking care of your monthly expenses and having an emergency funds with reserve cash to be able to meet up with your regular DCA and bitcoin portfolio increment. It is not necessary it should be a business or investment because some low income earners don't have enough to startup  an investment because it might need major funds to get started unlike bitcoin investment that you can get started with a very small amount at first before as time passes by you can start increasing your DCA amount if your cash inflow can afford it.

From my own side as a low income earners, it is good to get started with bitcoin investment now rather than thinking to get another investment before you can start to invest in bitcoin because what matters is that you have a cash inflow that you can use to buy weekly or monthly. I don't think that there will be any physical investment that will give good returns that bitcoin investment when held for a long term because most investment are risky and we can not be certain that we can make profit from it very fast. Bitcoin is already a risky investment so why will you get distracted with trying to involve yourself in more risk as a newbie.

I don't know why this issue of diversification is still coming up here when the thread is about buying Bitcoin to hodl. I think this discussion of diversification has repeated several times and is looking more like distraction. When we continue to compare different investment options in a thread the focus is supposed to be how to buy Bitcoin, many people might derail into making wrong investment decision in a bid to diversify his assets.

The forum is really big, so much that we can open a thread to discuss other investment instruments for the sake of those who might consider complimentary investment as a way of diversifying their Bitcoin portfolio. 

Having another investment aside from Bitcoin is good because you will not rely on your Bitcoin investment before you can make money but it is also good to have a real or physical investment that will give you daily or monthly profit to enable you to hold your Bitcoin to the expected year that you want to sell it. This investment can help strengthen your Bitcoin accumulation power because you will have more money to take care of your financial challenges and still have the money to invest in Bitcoin

What is the need of diversification when we already have our investment on Bitcoin because most successful investors prefer to have only one source which is Bitcoin because there believe in Bitcoin can never be compared to any other investment so they decided to stick to only Bitcoin which is a very wise decision.

And perhaps I see no reason why an investor will prefer altcoin as a diversification for investment because there is no future for an investor who believes on altcoin, however what surprises me at times is that how could an investor see how potential and how real Bitcoin is for investment but decided to choose other alternatives such as altcoin, perhaps the earlier most investors who sees ltcoin as a method of diversification realized they are making a terrible Mistake the better for them because is only Bitcoin and nothing else.

I don’t understand why people are always happy only about the growth of Bitcoin, this is a one-sided view of the life of the market. It’s cool to sell part of Bitcoin at high values in order to buy it again. But isn’t it also cool to buy more BTC at the very bottom?
I am always very happy when I complete Bitcoin and after that the market makes a price reversal upward.
I understand that psychologically people are afraid to buy at lows, not understanding that this is a sale, and thinking that this is the death of Bitcoin. But he is immortal, and this is explained by the fact that he has already been buried more than 470 times.

https://crypto.news/bitcoin-has-been-buried-over-470-times-in-14-years-a-review-of-obituaries/

I agree with you. Years of experience in looking at the history of Bitcoin we can see clearly that waiting for a decline will not bring good results. It's better for you to save little by little. I see a lot of people who keep waiting for the price to go down because in their minds all they have is 1BTC and 0.1BTC even though wouldn't it be possible to buy 0.00001 BTC if we only had enough money to buy that much?

The fear of investing is that it is not a good one. If one is scared to invest, that means the person is a greedy investor. However, the kind of profits an investor expects from his investment can not come if the investor doesn't constantly buy, (just like, if someone doesn't work to get money, he or she will not get any of getting paid).
Like I have already said earlier, in years to come, 1 Satoshi will be worth a hundred dollars, but the most important thing we should do for now is not to fear and buy as many as we can, then hodl it till dear life, even if one doesn't have money to buy, then there is a DCA method he or she can use to achieve some Bitcoin or even some Satoshi (it that's what he or she can afford).

Most times, waiting for something to be not to be considered, we have to go towards it and grab it, instead of sitting down and waiting (there is a popular saying in my local, that says "if the mountains do not come to Muhammad, then Muhammad should go to the mountains) and I have been following that step instead of waiting for the dip.
I don't consider waiting for the dip a good way of investing, but if we eventually invest during the dip, then we should take advantage of it (even if it's a Satoshi we can afford at that time).

If one constantly buys without fear or greed, I seriously think that the chance of achieving half BTC or full BTC with $200 weekly in 10 years will be so near that the scared mindset can't be compared with at it.

Those that can not buy now are losing, but they don't know. Why I say what I said is because, with only the capital in their hands or in their pockets, they are not making any profit from it and some of them end up using their money for something that's not even important at all. So you said, I agree with that, buying regular is the most important thing to do.

Sarcasm bro! I don't think there is anyone who does not know that ponzi scheme is an easy way to waste money. Their promoters have this nice way of convincing people to invest, such as telling them they will double their money within two hours and showing fake evidence of successful withdrawals, only to scam the victims.

A lot of shitcoins are even ponzi schemes in another format. They pump the market, giving huge profits to the early people and this will make more people to join only to be roasted at the end of the day.

My reference of ponzi scheme is just another way of saying that anyone not satisfied with Bitcoin is surely looking for shortcuts which is dangerous.

I do not agree with you on this because investing in Ponzi schemes is the same thing as investing in altcoin because you are not certain of making any profit from a Ponzi scheme, and the Ponzi scheme can crash at any time they see they have made enough money from investors. An investor who is not financially okay should start up a business or look for a job so that he/she will have another source of income to run his daily needs in live. By doing this, he/she can hold his Bitcoin for the long term because there is a business or job that is taking of his daily needs.

We used to invest earlier and after investing earlier we saw the market only going down for a long time but still we held our investment deep hoping for something better. The market is in a much better state than it was once. Now is a golden opportunity for new investors because the market is now positive and we have been observing the market positive for almost six months. Now if an investor invests in Bitcoin and holds that investment deeply then he will have a golden opportunity to grow his money.  

By investing now there is a golden opportunity to get some good profit in future so I never tell those who don't have money to invest in debt because if a person decides to invest in debt then he will never be able to hold his investment for long. As far as I am concerned those investors think of investing who have some amount of money in savings and very few people decide to take out loans and invest. Although Bitcoin is a reliable investment platform, I would never recommend borrowing money from others to invest with that money. You can invest with the amount of money you have in the current market and before investing you must keep in mind that you can hold your investment for a long time.

We all have some objective to invest, but none of us invest aimlessly. While planning long-term investment, our objective is to earn good amount of money at the end of long term and while planning short-term investment, our objective is profit. In the beginning, it is natural to think that he will invest in Bitcoin and change his position in a short time, but after a few days of investing, when he tries to learn more about investing, his misconception about investing will be cleared.
I remember when I started investing I thought to myself that I would make a lot of money after a few days of investing so I checked my wallet every once in a while after investing. But when I realized that if I want to get something good from the investment, I must hold this investment deeply, I thought of holding my investment for a long time and I succeeded in holding it for a long time. After holding my investment for a long time I got enough success that's why I now favor long term investment and still hold Bitcoin in long term investment plan. If the new investors are starting their investment I think after starting they will get to know about the investment and their misconceptions will be cleared and they will definitely be in favor of holding their investment for a long time.

If Bitcoin is not volatile enough to vomit the much needed quick profits, you might consider ponzi schemes that supposedly multiply your capital within few hours.

Many people are entangled in the illusion that altcoins is diversification.  To me it is just another way of compounding the problem because the risk is exponential; you can lose everything. I consider Bitcoin safer and more reliable

I agree with you that diversification should be into something else and definitely not altcoins when someone is already invested in Bitcoin.

Yes, holding bitcoin for the long term is more enjoyable than holding it only for the immediate future, and I'm talking like this because I've experienced it myself.
Our own experience makes our belief in something we hold great, and that's how I feel about bitcoin. Especially when I know a strategy called DCA, yes it makes my investment more comfortable to do.
Some people who still doubt (especially beginners) I consider it a natural thing, and when they want to get rich quickly I will also consider it natural (for beginners), because they are in the process of understanding what they are actually doing. But when they really understand, they will be able to change their mindset.