Topic: Buy the DIP, and HODL! - page 48. (Read 129309 times)

The Only possibility of people to check the market can only be to know when best to buy the dip just as you have explained. but aside that, I don't see reason why someone will be checking his portfolio how it grows when you have known within your mind the total asset you have and the equivalent value in respect to the current price of bitcoin at any given time. Checking the growth of portfolio should not even be considered since it's a long term investment. It sound somewhat childish to me. For me I don't see why we keep on emphasizing on the market fluctuations when we should be awear by now that the only reason for that is taken advantage of the dip to accumulate more.

What you mean is that an investor after making an investment will be ready to sell his investment if he sees a positive or negative change in the market after regularly monitoring the market. No it is not correct at all because monitoring the market regularly does not mean that he cannot prolong the investment. Investors gradually become more experienced about the market as a result of regular market observation. There are many people who constantly monitor the market while investing, the main purpose of which is to see if the price of bitcoin has decreased in the market, if the price of bitcoin decreases, they will take the opportunity to buy more bitcoins during that dip. Many also observe how much their invested portfolios grow as the value of Bitcoin increases.

I feel that if an investor observes the regular market after investing and gets excited due to negative or positive changes in the market, he will never be able to hold his investment for a long time. A person is monitoring the market to invest continuously but if another investor checks after investing little by little how much profit or how much loss he has, but this will create obstacles in keeping his investment for a long time. People who have such habit should invest in bitcoins and forget about their investment after investing and check their investment again after certain period of time. Thus hoping every investor will be successful in holding the investment in long term plan.

Perhaps you may have misconceptions about bitcoin but associating it with some gambling currency is quite not acceptable for some reason which you will have to learn in your time here and in the forum generally. 

Bitcoin is a currency it doesn't guarantee you anything except if you invest in it and that doesn't even guarantee life time success so if you for any reason have shared this wrong information in your first statement that bitcoin investment will determine once future then you are absolutely leading people the wrong way. Life generally is risky, bitcoin is risky but less risky if one have to mention shitcoins along the line, the risk in bitcoin comes in with wallet and security issues but when saved in a self custodial wallet such risk has been eliminated but bitcoin doesn't save you from life general risk, it only saves you from the risk of saving fiat in your banks and inflation generally hence I would love you to be more precise and share only well informed knowledge with others.

Additionally, I put it to you asarfiar that you are absolutely wrong if you have to compare bitcoin to a sort of gambling coin or associate bitcoin investment to trading which is in other words gambling and never an investment.

In your last paragraph above you have mentioned some few things which I find to be convincing about a bitcoin investor but mastering trading strategies is not one of them, I would have love to educate you on what is right or wrong but I will leave a tag here for @JayJuanGee to educate you more on what is correct about bitcoin investors as I'm currently time limited.

I get your point dude and you're actually correct. just like I have said in my previous post the method or strategy to use depends on our financial status that is what we have. There are people who are into different business etc and making a lot of money but when they came to invest in Bitcoin they are seen as newbie which is normal but they have even more money than some investors that is into Bitcoin.

However, this kind of people when they want to start Bitcoin investment some of them will want to get a good figure for a start ( lump sum) before they start using the DCA method to increase their portfolio, whether newbie or not anyone is free to invest I mean use any method they feel will help their investment  but it's not just about investing, it's about how well can you manage and continue to invest because starting sometimes is always easy but maintaining becomes the challenge.

This seems like a pretty good point sir, as it should be, the course of our investment should be well controlled with all the responsibilities that we have decided. It is true that increasing budget adjustments to be bigger sometimes makes us lose concentration on routine purchases because from the beginning sometimes the income decreases slightly and that will cause a decision that is not well coordinated with our planning.

Indeed, cash flow is a reason that makes investments fall apart if they are not adjusted properly to the budget that you want to invest. Now speaking of a principle of standing on decisions, Yes it covers all types and I think everything will be easy enough to do correctly without any coercion to increase adjustments in weekly purchases.

Generally, experience is the best teacher to step more carefully so as not to fall into the same hole. I frankly have not been able to act more aggressively in weekly purchases, I still maintain my routine with basic accumulation as I have gone through.

Sometimes one principle is associated with the additional work sector to find additional income in order to be able to buy more aggressively, but the current situation is certainly very difficult to get a side job.

I like what you have said so far. While thinking about long term profits we ought to balance our optimism by cautiously safeguarding our investment towards unforeseen factors that may present themselves in the future. Its not gonna be an easy journey to all investors. Since we are in for the long term benefit we should also have in mind that its not all about the money but also how to preserve it till that period. One good way we can help preserve our Bitcoin is by having a realistic expectation and making impulsive decisions.

Last year December i was lucky to bought at 24k, while i was trying to convince a friend to join me but it seems to big for him then and he was waiting or a lower price. This made me came to a conclusion that anyone who is declines to start their investment with so many excuses does not really want to invest in Bitcoin. DCA has giving privilege's to those who can barely think of buying bitcoin even of they save up in 5 to 10 years. Back then i didn't know about the strategy but i was able to go in with 1k$. Not until i knew and understand how it works i started dcaing till date.

Kindly explain what you mean by RECRUITERS? Whether we like it or not there are people who keep selling part of their Bitcoin, as soon as they hit profits or probably the milestone which they hoped on. Bitcoin has been for about 15 Years and these set of investors are likely beginning to take their profits, an investment that has lasted for about 7 Years+ is due to take profits and if they like, then nothing should stop them.

DCA has made it a lot easier going through various emotions of checking prices and finding the right one to begin the purchase, at some points you might miss out purchasing at a lower position because you wanted something below what you had. Specifying a direct interval to  purchase your investment is likely to save up stress, increase the potentials of holding longer without zeal of having enough and make good use of Bitcoin volatility to get more profits.

The purchased DIP of that investor might turn out not to be the absolute DIP through the whole bearish season and this always be the calculation of those who prefer the DIP and Hodl, nevertheless it is also a recommended strategy that can aswell be done by those who consistently DCA, just taking advantage of the DIP and possibly looking to have a larger portfolio than only the DIP kind of investors.

I agree with you here. When an investor is ready to start an investment finding a suitable strategy shouldn't be difficult because it just have to suit is investment goals. It it does that should be the investment strategy he needs to know. No need waiting and surfing the internet for a better strategy. The way investment is right now i can say DCA is the only comfortable strategy to start investing in Bitcoin since it helps reduce risk and boost consistency in accumulation. Although a different investor might come out and tell you that Lump sum and buying on dips is their favorite. And we cant do anything about it because that has worked for him to achieve his investment goals. But one thing i have realize is that every investor should know when to shift to a different strategy when there current strategy is not working properly for them. There is nothing wrong with that because the main ideal vision of our investment that we rich our goals and gain our profit no matter how long we want to hold on to our investment. Meanwhile we can actually stick to one strategy only if it keeps working for us. But then you never can tell what may be the outcome of Bitcoin tomorrow or next, or even in a year time. And that whether to adapt to a new strategy would favor our investment.

As for this i do not want to speak about it anymore. Bitcoin is like digital gold and they are no Ponzi scheme 

For people who like to Buy the Dip and Hodl, I think they will not be too affected by the very volatile Bitcoin market conditions because in the end they can also be very happy when they see the Bitcoin price almost touching a new ATH level again at the end of this year. We can all imagine how happy those who are still holding Bitcoin until now who may have bought it at a lower price at the end of last year are. And I think for now there are not many people who are stressed except for people who have already released Bitcoin into the market in large quantities at a slightly lower price.

all these concepts you've outlined doesn't really play a great part in your long term investment, they might be necessary in some instances but you just have to have basic knowledge on them and proceed to investing without necessarily being stuck with them. For instance, Finding the ideal investment strategy doesn't require much time to identify one and like it's been said over and over again, starting off with a DCA amount is a good way at the entry level and even when you've stayed long, you will still discover that buying with the DCA methord is still the best way to go. Volatility is a nature of Bitcoin so you just have to come to terms with the fact that thier will by different market conditions at different times but those are not reasons to slow down on your investment or try timing the market for best buy period. mastering the best time to buy is not something anyone can assume to have known even if they've stayed long in the Bitcoin ecosystem. The market is not one that's fixed by anybody so the best speculation might end up being false which is the reason why the DCA method helps conquer those kind of stress. Trading should be totally out of the plan as long as you're investing for the long term except you want to remain almost stagnated for a long time.

The simple and most important routine is to set up a DCA plan that incorporates a place for an emergency fund and ensure that you stay disciplined enough to follow it up to the latter. The rest of your decision will come along your investment journey.

Bitcoin investment will determine your success in the future, and it will keep you safe from unnecessary risks and overtrading dangers.
Because Bitcoin is a long-term investment system. The consistency of profits should be measured over a long period of time, for example, month after month or year after year. A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.

We see that although many have experienced a good return by investing in Bitcoin, it is also important to remember that past performance may not guarantee future results. Since Bitcoin is volatile, investing should always be done with caution and understanding the associated risks, so we always need to keep an eye on the market mechanism.
It is important to remember that every seasoned investor started as a beginner at some point.

Bitcoin appears to be worth more than gold creating massive liquidity in the market. Due to the decentralized resources, the demand is increasing day by day, while the overall economy is slightly down due to the effect of inflation. I agree with you about having financial self-sovereignty and investors can have that freedom by depositing bitcoin instead of fiat currency.

Every market system can have the stigma that we observe in centralized market systems and the big whale effect in decentralized markets. possibility

Do you even know about Ponzi or the origin of that name, well for your information that name dates back to Charles Ponzi the creator of Ponzi Scheme or rob Peter to pay Paul investment activity. He was always known for his criminal activities from a young age until he came to US. The name Ponzi "scheme" and relates to his fraudulent act of 1920 where he defrauded US investors of almost $15 million before being convicted and sent to prison. so, There is no Ponzi without the scheme going hand in hand. Ponzi Invented Ponzi scheme, so there is no way you are making a strong point out of that without hinting on criminal or scam undertones. read This for more clarity

Bitcoin on the other hand was born out of the underlaying desire to foster accountability, transparency, security and value for your money which promotes a sense of inclusion and an equal opportunity to everyone that adopts it properly to benefit from its abundance. bitcoin was intentional and not just something naturally occurring and the intentions have not changed but continues to be validated as it gains more recognition and trust among investors.

So next time, even if you are drunk, DO NOT ASSOCIATE BITCOIN WITH PONZI EVER AGAIN.

I guess the biggest advantage you can get from investing on bitcoin is you will never get worried or stressed about certain condition that can affect the price of bitcoin. Since you can get over with it and could able to continue to invest since your main plan is to accumulate then hold it. For sure price volatility would never bother or give an issue to you.

That's why this is real ideal thing to choose by bitcoin users especially to those people who seek for better investment but cannot handle those stress brought up by fast price changes of the market.

We see several people regret not to invest early, but they should eliminate those feeling since they could start over. Also for those who plan to start up better they should learn from other people experience and start to invest with bitcoin now since for sure there would be more learnings to get especially if they are eager to start then want to learn more from it.

I'm not being sarcastic. Bitcoin is like Gold - it's a naturally-occurring Ponzi. But it's NOT a Ponzi "Scheme" with a nefarious entity on top trying to scam people. It simply means that a market developed around something that was adopted and which is valued as an asset class.

 ¯\_(ツ)_/¯

Plus as a decentralized, censorship-resistant asset that could give its users some self-sovereignty, it SHOULD be valued.

You are correct, most times the prices are monitored by the investors to target some good prices to buy bitcoin as soon as their discretionary income is available, even before their periodic purchase moment reaches, they might use the price check to monitor the progress of the market and know when its good price for them to make their purchase and try their luck to buying bitcoin for the moment at cheaper price than what might/might not be the price by the time their accumulation period reaches.

for example: someone who regularly buys bitcoin on Sundays may have checked now and seen how bitcoin price has retraced to 69k plus and decide to purchase now before it possibly climbs back to the 70k plus anytime soon and if he is not checking the price, he wouldn't have known about the price correction. Again checking the price progress might help you adequately set purchase orders at prices that would execute naturally when it cuts through them giving you the leverage to buy at the prices you want even when it cuts through those prices in your absence.

Volatility can be paid attention to,  if you're planning for a strategic buy, using it to your own advantage. The volatile nature of bitcoin, present investment opportunities to those who understand the market, its all about seizing opportunities when it arises. It allows you to identify  moments to buy more and grow your portfolio effectively. No doubt that, Investing consistently on a regular basis is a solid approach, but taking advantage of market volatility especially during significant price drops can really boost your accumulation.

Despite DCA'ing on regularly basis if bitcoin experience a significant dip, DCA can be adjusted or increased to buy and accumulate more bitcoin at lower price rate. Being strategic and recognising the chance volatility of Bitcoin presents can really enhance your investment while maintaining your long term investment focus.

Are Bitcoin investors still worried about volatility? Well maybe they're new into Bitcoin and are not aware that so far they keep investing on a regular basis and have the mindset of longetivity then there's no need of bothering about whether the price drops or not. it's an advantage that traders or shitcoins investors can't boost of and that's what makes Bitcoin superior to other cryptocurrencies if you're talking about investment purpose.

 Many people have made mistakes in their investment journey due to the mindset of different strategies works for different people and miss out on accumulating more bitcoin regularly cause they were busy waiting for price to drop before they purchase Bitcoin but that strategy is not very reliable cause investors would miss accumulating opportunities while waiting for price dip, the question is what if it takes longer before it dips.

Those who believe in long-term investment will not really care much about the volatility of the market and they will not always wait for opportunities but they will invest in Bitcoin regularly. The biggest advantage of investing in Bitcoin on a regular basis is that if you invest in this method, you never miss an investment opportunity because there is continuity of investment on a regular basis. We have no preconceived idea about the market so when the market will go to the maximum and when the market will come to the low but none of us know so we must invest consistently so as not to regret later if we have confidence in long term investment.