Topic: Buy the DIP, and HODL! - page 491. (Read 136011 times)

You have said well but any amount is suitable for investing as long its what you can afford from your income. Its not advisable to take higher positions or risk the money you cant afford to lose. Stick to a plan and maintain consistency. Most issues beginners have is trying to cover the transactions fees for the little amount of Bitcoin every week when they plan to invest perhaps using DCA strategy. There is an alternative you could commit yourself to save the total money you will used to buy every week  and do a larger buy once a month it could benefit you due to fees. Note you have to discipline yourself so you wont at any point fail to invest the right amount you budgeted. On the other hand, investing $100 every week is a great way to build up your Bitcoin holdings quickly if that's what you can afford.

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Many of us likely realize that bitcoin can be bought in quite small units, so even if so many normies are prone to a similar error in terms of thinking that either they need to get a whole bitcoin, or that it is not worth it to invest into bitcoin, that still does not mean that they are thinking in any kind of informed way that might not be resolved after  inveting further into bitcoin.  

Yes, I believe that I thought something similarly in terms of some of the impracticalities of buying smaller items with bitcoin, but after a bit of study (investigation) into bitcoin, many of us will come to realize how dumb we were (even if we might consider ourselves to be otherwise smart people) to be getting caught up on the unit bias trap.

Surely sometimes we do need to be talking about satoshis too.. but surely many people do have difficulties with these kinds of ideas of 8 digits to the right of the decimal place.. and the fact that fractions can have (and do have) value.. including a lot of value.... who would not like to receive a free gift of 0.00901043 BTC?  

That does not look like a very big number, and if you don't realize that it has value of right around $256 (as I type this post), then yeah you may well end up refusing the gift, but that still should not mean that those of us who are more informed about the topic should not be pointing out their dumbness in that direction.

So it can be frustrating.. but a common error to fail to appreciate the value of 901,043 satoshis as being equivalent to $256... merely because it is expressed as what seems to be a relatively small fraction of a bitcoin.


Yeah, but that is not the right way to look at the matter, especially since if you are investing $20 per week for 20 years, you are also buying at whatever the cost was.. so you may well have ended up getting 10x in returns, but it  is not like you were able to buy all of those BTC at the lower of the prices, so maybe your early injections of $20 per week get around 100x or more and your latest investments ONLY are at break even prices and maybe you are even losing on some of the latest,

but if they all average out to be 10x, then you have to figure how much you put in and how much it is worth. which surely in bitcoin it should not be unrealistic to expect that it will go up and that your earliest of investments will have greater appreciation..

but at the same time the dollar is almost inevitably to go down in value too.. at the same time, when we make our hypotheticals we can build in assumptions about our calculations being based on dollar values of today, which likely would result in the amount of bitcoin value to go up higher than the previous calculated amount in order to have the same expected returns in terms of the 2023 dollar values.


Frequently we should be attempting to make adjustments in order that we are trying to be as aggressive in our bitcoin investment as we are feeling that we are ready, willing and able to accomplish.. without going overboard and causing ourselves to get reckt. Some people earn more money as the years go on based on the depreciation of the dollar, but others make more money because their skills and promotions pay off, so they might start out working minimum wage, but then when they are 20 years or more into their career, they might be making several multiples higher than minimum wage or they might have even stepped up to making very high wages relative to minimum wage (20x to 100x higher than minimum wage), so there surely may be reasons that the person can increase his/her investment into bitcoin, especially if the person does not necessarily increase consumption proportionate to the increased wage so the increases in wage would end up resulting in more investments based on attempts to live a more modest lifestyle and way below his/her means.

There can be hopes that any investments that are made are able to appreciate more rapidly and higher than normal inflation and normal debasement of the currency, and frequently there are differences in the price rises of different kinds of goods, services and assets, so sometimes investment assets will go up a different rate from consumption goods..so then there can be dilemmas regarding where to put value and questions about whether certain goods are services can be deferred or lessened rather than consumed at earlier dates.


Sure it is better to get to fuck you status in your 20s, 30s or 40s, than to get there in your 50s or 60s, yet at the same time, you cannot try to act like you know what is going to happen, so the best that you can do is to try to make all of the better of decisions, and don't end up fuckning up by trying to rush matters.  There rare a lot of folks who never get to fuck you status, ever, so the mere fact of getting there late should not be a problem.

Also, if you only make it 1/4 or 1/2 to fuck you status, you swtill likely will be better off by doing the best that you can and making progress in that direction rather than considering yourself as a failure becuase you did not quite make it to fuck you status.

There are a lot of people in the world (even in affluent countries) who have very little to no savings/investments, and even the amounts of their investments and/or savings might not even amount to 1 or 2 years of their annual salary/cost of living... so fuck you status is usually in the 20x to 30x range of annual income/expenses and so people who reach such status are more likely exceptions rather than the rule.

Entry level fuck you status is just being able to quit your job and to be able to live off of your investments (and/or if you end up being able to receive benefits and/or pension payments), so frequently, if anyone plans to pull such lever at a lower age, even in their 40s, they have to keep in mind that they may well have to support themselves from their investments for quite a long time, so frequently, there are benefits to making sure that the calculations (and valuations) of the assets are based on sound assessments rather than just going based on the spot price of a volatile and fluctuating asset, and bitcoin fits into that highly volatile category.

Small changes in practices might have big rippling affects 10, 20 or 30 years down the road, and we might not even know the extent to which we made good decisions/choices or bad ones until our investment plays out for many years and/or when we either get close to fuck you status or we get into fuck you status (hopefully based on sufficiently accurate calculations).


I agree with the idea if you are talking about bitcoin.  Otherwise fuck crypto... these ideas do not apply so well to crypto.


I think that those are dumb.  I don't like that practice bullshit, unless you happen to be a kid who does not have any money.

I also don't like the idea of  trading.. so fuck trading... we are not talking about that here.

I think that it is better to establish some kind of a small amount to build up.. so if there is some kind of practice that is put into place it is done with real money and maybe small amounts.

Anyhow i this thread we are talking about BTC accumulatingn methods to it could take a long time to accumulate, so it is hard to really practice with that in terms of no value rather than putting some kind of amount into play.. $100 per week, $10 per week, or if you cannot afford that much then $10 per month.. and then when you get your shit together then maybe later you might be able to afford more than $10 per month and work your way up to $100 per week or larger amounts.


Fuck crypto and fuck trading... especially talking about those ideas in this thread.

Let's talk about bitcoin and various methods to accumulate it without necessarily resorting to selling, and if you believe that you need to sell in order to acquire more bitcoin, then you probably need to go talk about those kinds of nonsense (gambling) ideas in some other thread.

If you check bitcoin DCA calculator then we can clearly see that it works best if accumulation period is set for 4 years or more. Its for past history of bitcoin but it gives us an idea about how DCA accumulation works over a period of time.
Good luck to you and to all to reach to there FU Status. We must keep the time period to reach FU Status within our prime age. Its better to have money while we are in our 30s or 40s so we can enjoy the return. Once we are in our 60s, we don't have much energy left to take advantage of that profit. Plan it in a way that we get to our destination or as close to it before we get too old.


It's best thing that if you are new to crypto trading market then you start with small amount rather putting all you have. There are practising stuff like paper trading that let's you do trading without investing any money. They are good for anyone new to trading but they can't give you actual essence of real trading. Just like you learn swimming when you actually jump in water likewise you get real trading experience when you start trading with your money. So there are many things one has to keep in mind while he start his crypto trading journey.

@Roseline492, I have to disagree with what you are saying here, everyone wants to get in a better position. That's why enough people are trying so hard to get to a particular spot that they want, so I don't think that @adultcrypto is saying anything wrong here. However, we are all trying to share our own ideas here, but I still think that he's right.

Although, you might be seeing the other side of what @adultcrypto is trying to say, I do support it with all due respect. He's saying the truth. Just imagine when a low income earner is accumulating $10 per week or month in Bitcoin and finally, the low salary earner starts receiving $100,000 per month. This shows that the investor who was receiving $20,000 in a month as salary and still putting $10 into Bitcoin and now that his monthly salary has increased to $100,000 he should still increase the amount of money he puts in Bitcoin too, and not with the $10 monthly something, at least the investor should try to put about $1k above.

To be honest, you are over-emphasizing the risk involved in Bitcoin even when I have made effort to explain how it is not as much as being presented and how it could be mitigated. A little check of the history of Bitcoin will show that those who dwell in the mindset of how risky Bitcoin is are those who see this journey as gambling in that they just believe they can buy and sell and make huge profit overnight.

Following the fake news of Bitcoin ETF approval by Cointelegraph yesterday that made Bitcoin price surge to around $30k, there was  someone that jumped into the market with with over $600k only to realize it was a fake news and the market started dumping and quickly sold. Do you now that within 10 minutes he lost over $49k. These are the people that Bitcoin is risky for... they want quick profit.

Our discussion here is all about long term HODL and this is a minimal risk approach.

I think I will disagree with you on that, however when we talk about accumulating Bitcoin using $10 on a weekly basis, is actually based on what the investor is earning on a monthly salary, however we cannot expect someone who his salary barely take care of his needs to increase his accumulating amount because indirectly we are telling the person to invest aggressively.

We no that budging $10 for accumulating Bitcoin on weekly basis for 20 years is a bit small but perhaps that's the reason why DCA method was adopted because there people who may not be privileged to receive a higher pay salary but use as little as they can afford to accumulate, so if we consider the possibility of not being able to accumulate a huge amount of Bitcoin in the next 20 years using $10 is almost as good as telling the person not to invest until they have a reasonable amount.

Yes bitcoin is indeed a risky investment, but it is true what you say the risk can be minimized in certain ways and with good planning, and here we get a lot of valuable lessons about what we can do and what we can avoid, and I'm sure many people here have opened their eyes to this bitcoin investment, especially for beginners who are still confused about what they should do.
Not only talking about bitcoin investment we talk about here, but indirectly we also discuss others, such as how to manage finances, which ones should be the top priority and so on.

Yeah having the plans of long time holding is actually the best because it gives you the advantage of not being affected by inflation because as an investor who plans for long time holding is not easily affected by inflation but instead an increment of Bitcoin price can only reduce your accumulating amount, let's take for instance based on your salary ratios and you decided to accumulate $10 worth of Bitcoin with the price $27k on a weekly perhaps there would come a time when the Bitcoin price will rise to $33k you will see that the amount of Bitcoin you use to accumulate using $10 will be reduced but however if you see that your monthly reserve funds are still able to hold any pressing need that may come up, you can as well adjust a bit by increase a little to your accumulating funds.

But although in most cases even if we choose a particular amount use for accumulating there could still be factors that may affect our accumulation sometimes such as plans of other more important things that relates to family and other needs, but as an imvestor we should be able to adjust to any needs or situation that may arise at any time.

I don't see $10 per week as a bad start for a newbie because he just started his bitcoin journey and that will even be more easy for the newbie to afford regularly so that he can continue with his DCA strategy. You should also consider the cash inflow of that investor. I believe that the money that one uses for DCA should be based on his income, so that he doesn't use more than the amount that will affect his plans on accumulating bitcoin regularly.

If as time passes on, income increases, that's fine,  because as an investor, you need to look for other ways to increase your income, in order for you to also increase the amount that is used for regular DCA. This is because it is better to take advantage of increasing your bitcoin portfolio when you have the opportunity. On the other hand if the investor income did not increase, and he didn't see another way of increasing his income, then it is better that he continues with the $10 regular DCA.

Since that investor plans to accumulate for 20yrs, I believe that he will be happy at the end, because he can smile and look at his investment portfolio, disregard how many bitcoin he was able to achieve within these period of time. What I believe is that any investor that has planned to hodli and gradually keep increasing his bitcoin, will get to a time that he will want to increase the amount that he uses for his weekly or monthly DCA, if he can afford it. This is because the more you are getting used to accumulating, your faith in bitcoin will keep on increasing, just as your portfolio is also increasing, because you will keep on understanding the market, the value of bitcoin and you will be happy that you are securing your future.

It is better that you use an amount that you can afford till the end of your accumulating timeline, than you DCA aggressively and something comes up that will make you go and sell from your bitcoin to solve that problem. What I mean is that it is only us that knows the right amount that is easier for us to use for DCA, as long as we don't stop accumulating or get discouraged in accumulating more bitcoin to our investment portfolio.

Due to market inflation and various economic factors that might change in the long run, I guess it's good to have an interest in long-term investment. Some people quickly dismiss investing in Bitcoin because they want to own 1 BTC right away, but when they realize the price of Bitcoin is not cheap, they change their minds. So, this weekly commitment to investing in Bitcoin is better than doing nothing at all.

Based on my calculations, if you stick with $20 a week, you would end up investing $20,857 in 20 years. However, the value you'll be holding at that time is likely to be higher than that. So, if you were to get a 10x return on your initial investment, that's $200,000, which I think is a good outcome compared to not having that money at all. The $20 was just a sample amount, though. You can always go higher, take on more risk, perhaps invest $100 per week or more. Since we can make our own calculations and predictions, our target should be something that we find fulfilling.

This bring to mind the discussion in this thread: Bitcoin knowledge is not complete without bitcoin investment . There is every need to actually put the theoretical knowledge into action by starting even small. That is the way to have a true feeling of what it takes to be invested in Bitcoin such as the excitement and fear, doubts and many other feelings that only time enable us to understand about Bitcoin when we put our money into it.


Starting with $10 per week does not mean you must remain at that level for 20 years. That is an anomaly as we all aspire to grow in finances. Besides, it is at the current price of Bitcoin, $10 per week will really require so much time to realize a life-changing portfolio as I do not see Bitcoin doing X1000 easily. Therefore, to start with $10 per week requires that plans should also be in place to increase the inflow so that it will become easier to get 1 BTC which I consider something reason to hold for the future.

Bitcoin is one of the coins with the highest number of investors worldwide.But it is not possible for anyone to say when the price of Bitcoin will increase or decrease.But one of the reasons why those who bought Bitcoin yesterday will be smiling today is because the market has moved higher today.Take a look at the market today:

source

Wherever you invest there is bound to be risk and whether the risk is big or small will be proportional to the possible profit you will get, it is quite worth it.
People who buy Bitcoin and expect big profits in a short time are greedy people, not only in Bitcoin but in any investment, greedy people will never make a profit in the end of the story.

For people who don't have extensive knowledge about Bitcoin, of course they will have doubts about keeping it for a long period of time, but that is inversely proportional to people who have known about Bitcoin for a long time, I think there is no strong reason for them not to dare to hold back for a long period of time, as past history has proven.

That's a good start when you aren't comfortable enough in life. I think $10 a week is very affordable. Consider it a long-term investment, maybe over 20 years if possible, as you never know how much it will grow during that time. We do spend on our personal wants, so I believe we can minimize expenses and redirect that money into investing in Bitcoin. When investing consistently on a weekly basis, all we have to do is remain optimistic, so we'll continue to be inspired. If the time comes that we earn a decent income from either our job or business, we can always increase our investment for better future holding.

This thread is all about HODL, but when we hold, we should always aim for profit. So, we might as well reward ourselves for making good choices in life. As mentioned earlier, having a job or business, who knows what we're holding in 20 years could become a retirement fund, and then we can retire financially free. Just manifesting the future here.

Well, sometimes, it can be very hard for people who haven't invested in anything either in real estate, gold or any other things in the stock market to have the mind to buy the dip because such person might be thinking that it will continue to dip but not knowing that it is given he/she more chances to buy and hold. What I mean is that if a person hasn't been involved in any investment before, it can be a little hard for the person to invest in Bitcoin because of scepticism, but if the person has been involved in investments before, then the person will have no need to be skeptical, but all that he/she needs is just to have the mindset of risk and patience to hold and accumulate.

Buying Bitcoin and still expecting profits in a short time has higher risk than buying and holding for a long term. Let's take. For example, an investor buys Bitcoin at the dip and plans to go sell away in just a month and it still gets a dipper (what a chance to buy more). Bitcoin tries to give so many people a chance to buy and hold, but based on their impatience and indiscipline, they don't settle down to think or even take advantage of the dip, but if an investor buys at the dip and plans to hold for a year or more years, even if Bitcoin gets dipper it's giving the investor more chances to buy more and hold.

Perhaps those that would lose on this Bitcoin price movement tend to be those gamblers who chase the Bitcoin price movement, the only way for an imvestor to have a rest of mind and free from panicking is to hold and stop risking there funds for gambling trades, these is why DCA is the best strategy especially for newbies because no matter the price movement you can never panic because you have a goal to achieve and that's by holding for a long time, so they can hardly be influenced with price movement.

But in the end when talking about investors who have always bought with the DCA scheme, actually things like this don't really matter to them because in the end they will remain with the initial goal of consistent purchases and of course not seeing the current price whether it's an increase or a decrease. besides, this is only a temporary increase and indeed this is a great start but not as an obstacle and our stop for bitcoin because in the end this will only be the starting point where we rise (hopefully like that).

I don't see trading as a means to get wealthy because traders are only after peanut that they will make within a short period of time and that wouldn't add any much increase to their bitcoin portfolio. I haven't seen a wealthy man who became rich overnight. A wealthy man will take out time to nurse, monitor and grow his investment for a long time before he will become wealthy because he knows that it is too early to take profit.

So I don't see how trading can help one increase his bitcoin portfolio in the long run than someone who is using only DCA strategy to increase his bitcoin investment portfolio. Well it is one choice to do whatever he likes with his bitcoin but it will be not be a wise decision to advise anyone to increase his bitcoin portfolio through trading. You should also note that a trader is not an investor, because he believes in quick profit and this an unhealthy strategy towards investing.

A professional trader can run at big loss in just one trade, but a newbie, who is into bitcoin investment that understand how to buy bitcoin and hodli with his regular DCA will never run at loss, if he intends to hodli for 4-10yrs timeline.

Some people will be making a huge amount of money today while some will be loosing on the same opposite direction because of this sudden move experienced with the crypto market today within a short period of time, though this is coming as a result of fake news but yet we have to consider what would have been the outcome of this on the bitcoin traders and investors both long and short time holders, some already bought yesterday or before this sudden move started and make their own profits even though they least expect this coming soon, it's also an opportunity to buy and hold because we are still on the dip.