Topic: Buy the DIP, and HODL! - page 5. (Read 138240 times)

Some people just feel that once someone is an old investor then he can sell but not minding to even know the amount such investor used to investor or how much those investors have been acumulating whether the have actually reach the level of their satisfaction, I come to understand that some person are particularly after selling at any given little opportunity once there's a bit appreciation of Bitcoin price.
Buddy you said it all instead  of thinking that they wouldve sold there Bitcoin why not see the approach the took as an encouragement for you to do the same, don't we think that this old takers approach should be an eye opener for those people that always sees selling prematurely as a good option, I think people should rebuild there mindset towards Bitcoin investment to enable them see long-term hodling as the best concept of achieving there goals in it.

Mate I love your last paragraph, honestly this is worth emulating, as for me i don't even care about selling since it isn't my target for now, I will continue to increase my portfolio to arive at my future target which is very far from now.

Actually, from several cycles that have been seen and that we have seen directly in the market, they can be used as a fairly complete reference for anyone who wants to accumulate or buy Bitcoin periodically. Because each of us can imagine the level of profit that can be obtained by people who enter at the correction point to buy more Bitcoin without any hesitation, for example, as is often done by the company Microstrategy where the company still often buys Bitcoin without caring about the correction conditions or price increases that occur in the current market.

Yep.
If a person understands how Bitcoin behaves through the cycles - he would definitely do it long-term no matter the dip or correction he may face along the line.
Those who responsibly look at their accumulated Bitcoins won't get rid of all of them in one swift go.

In fact, every investor makes an investment decision based on his/her own financial situation and risk-taking ability. Those who decided to invest in Bitcoin in the past (5-7 years ago) they are now proud of their right decision today, because Bitcoin has already given them a lot of good things. But those who did not invest in Bitcoin in the past, or panicked and sold it a few days after investing, they are deprived of this success today.
That is why to get success from Bitcoin, you have to invest, and forget/hold for at least 10 years. The highest possibility of Bitcoin success is only available from long-term holding, So regularly  'buy with DCA and forget' 'buy and forget' 'buy and forget'. And keep it uninterrupted for 10 to 12 years, and without looking at the price, just hold, hold and hold. Only then can an investor get very very near "Possibility" to achieving success.

Yeah you are right, becoming consistent and patient in accumulating and holding Bitcoin is one of the best investment one can make for his future retirement, Bitcoin investment grantee save investment unlike other investment that government policy can destroy, when it comes to bitcoin investment even the government has no control over it and any investment you are making for your retirement and the government can control it then you are at risk of losing your investment at any time, someone had a crude oil refining company and a time came when the government brought out a policy that only the government will have the right to refine crude oil and that made private crude refinery company to close and he lost his investment he had been building for years, and this is one of the reasons Bitcoin investment is seen as one of the best investment right now and especially for your future,

Yeah, hodling Bitcoin for a long term is the best Bitcoin investment strategy because Bitcoin volatility doesn't have a negative affect on those that are hodling for a long term reasoning being that the significant gap between its current price and its potential future value prevents it's volatility from having a nagative affect over those that are hodling for long term.

For those who do have that experience towards this market then they do have that at least the idea on what they should gonna do at the time or moment that the market will really be having this kind of movement. The hard stuff on here is that on the moment that the market will be having that correction then not all that are experienced people do able to make out that kind of thinking on which having that DCA method at the moment that the market do make out such situation. Buy every dip? It will be that depending on someones financial capacity because even if you do have that kind of mindset on which you will really be that wanting to have that DCA but you dont have the money to put on.

Buy every dip is really just that sounds too easy but on the time or moment that you do it continously and the price keeps on dipping then you will continue to buy the dip. This is why to those who do have that bigger capital that having that bigger extent when it comes to accumulation and this is something that you do need up to consider out but dont try out to chase up things and taking up some loan because there are some individuals who do really that taking up such step on taking up loan whenever their budget had depleted.

Those people didn't sold their Bitcoin even if they surpass the 10 year timeline for their investment is I think speculating for more good things to come and just got amaze on the current achievement and good happenings for Bitcoin that's why they decide to hodl it for more years. Its rare to see this kind of situation and attitude for a holder since usually we see people sold their asset once they already reach their target years and price selling point projected for their investment. I'm also curious to know if there's someone here doing that aside from those big institution.

Usually those people have this thinking to buy and forget then continue to do DCA usually have higher chance to succeed on this matter. And those people frequently checking for prices and always pay attention with Fuds spreading usually fail because they have high chance to sell their Bitcoins early especially if there's certain huge incident that will challenge their belief towards what they are currently doing.

This is subjective and not particularly true, our minds about Bitcoin investment matter. We have a lot of people who used the DCA approach to buy Bitcoin and have not sold any of their Bitcoin for over 10 years and we've seen some people who used whatever approach you have in mind but sold it at the shortest possible time. This concludes that it is all about the person in question, disposition about Bitcoin varies. The serious Bitcoin buyer will buy it with the intention of long-term HODLing, which I term "Buy And Forget" and the DCA approach can surely help in starting it.

You are right. When i look at the growing institutional interest and trust in Bitcoin i feel confident on the certainty of holding Bitcoin till my retirement which might be 20 years from now. I know how difficult it was for persons before the acceptance of Bitcoin when it comes to finding a good investment to set their retirement target. Bitcoin has made it a lot easier of which all of us in this thread should be grateful. Knowing full well that the DCA strategy is a good strategy to set our retirement funds.

Now its not all about investing for the present but for the future. As we approach retirement, our asset must have grown along side with our age, with a potential return of investment providing a financial security for us and our generation. It doesn't stop there still. There is one more work to be done, which is teaching the next heir on the value of Bitcoin. As we pass on the asset we should also pass on the mindset, our knowledge and most importantly the importance of long term investment.

Yes, at a young age, of course you have to make good use of this time, one of which is by investing in bitcoin. Because bitcoin does have enormous potential in the future. But don't forget that when you want to invest in Bitcoin, don't immediately focus on the results you can get. Because if a bitcoin investor starts with a mindset like that, chances are that person will be easily tempted by a slight increase in price and immediately sell their bitcoin. Therefore, when investing in bitcoin, the first thing you have to do is of course have cold money to accumulate, whether using the DCA technique or the Lump sum technique. Then don't forget to determine the duration of the investment, whether it is 10 years or more. That way, it is certain that the investment process will be more organized and better.

Apart from that, having a safe wallet is also one of the most important things when investing in bitcoin. Maybe for now a hardware wallet is the right choice for storing the bitcoins we have. But don't forget, we have to write down our wallet phrase and store it in a safe place. Because the wallet phrase is the only key to get into our wallet. So if, for example, the wallet phrase is lost, this will definitely be a big problem. Because you will definitely lose the bitcoins you have collected (Because the wallet is inaccessible.). Therefore, when we make a wallet we have to write the wallet phrase well, and after the wallet phrase is written, don't forget to double check whether there are any wrong words or not. By entering again using that sentence. So if it is correct, then save the phrase in a safe place.

Surely this point you outline are good points in regards to a person who takes Bitcoin investment seriously at a young age to stand a better chance in the future and not to be mistreated by children because of poverty at old age, but I will like to tell you that children who maltreat there parent at old age because of poverty are just being wicked for no reason because life is all about give and take. It is supposed or expected that if parent take care of children till adult, there children should follow suit by also reciprocating in taken care of their parents weather their parent have Bitcoin or not. because training a child is also an investment that should pay you off at old age both financially, physical, health care and otherwise. When we become old most time we don't need much money from children rather care and affection and making sure parent are healthy.

I also quite agree with you here, sometime a person may also have the privilege to start Bitcoin earlier like 20 or 23years and end up investing 20 to 30 years ahead which his age by then may be 40/50 or 43/53years depending on when they start making money and investing. Just as they say" Early to bed early to rise" so it is important to have a good starsh in your wallet before you get to retirement age because most times all children are not the same, you may invest in children that will not take care of you at old age, so for that reason "make hay while the sun shines" become the best poem to recite. because since life is unpredictable and we expect good, we have to be prepared also for the worst to comes.

You’re right. The more Bitcoin an investor is able to accumulate overtime, the more options he’ll have. And most definitely, selling most or all of one’s Bitcoin stash is definitely not the best strategy, especially for a long term investor aspiring to be in the Bitcoin business for long. Bitcoin has indeed been a great investment, and due to its long term potential, one may be able to generate tons of cash by selling even just a small chunk of their stash.

Personally, I believe that the price of bitcoin might not really be a considerable factor for long term holders that desire to sell off a few chunks of their coin here and there. I think what’s more important to them is how they may be able to cover their expenses or be able to generate some extra cash without really considering or worrying about the price, and you may never know, their Bitcoin stash might actually grow way more faster than they may be able to spend it.

Additionally, it’s possible that they might actually have some other assets they would sell first before even thinking about touching their Bitcoin, or maybe they might actually have some other backup plans or arrangements that’d help them manage their coins. The key thing is to know how to be able to manage and safeguard their Bitcoin stash, while still having that flexibility of selling or using a smaller chunk of it whenever the need arises.

But we often see such news where it is said that an old man is found on the street after being abused by his children. And once upon a time the children whose parents have spent most of their lives raising them grow up and get married and throw their parents out of the house. As a result of which the old parents become destitute and wander on the streets or end up in old age homes. But even if you think about your future, you should plan ahead so that your children do not mistreat them or throw them out of the house in their old age. Instead of spending all of your income on your family, you should invest some money in Bitcoin from that time. 

Suppose a person starts his investment at the age of 30 and he works from the age of 30 to the age of 60 then if he invests fifty dollars every month for these 30 years then at the end of 30 years his investment amount will be 18k dollars. Those who are middle class employees or officials I mentioned only their investment amount here but many employees can invest more amount of money consistently in Bitcoin. 

If the investor invests consistently during this period, he will get multiple returns on his investment at the age of 30 and will see a huge amount in his account when he retires from the job. And if he has that much bitcoin in his account, I don't think his kids will kick him out of the house at that time. Even if his children throw him out of the house, he can spend the rest of his life comfortably with this huge sum of money. 

The news that we are reading today can happen to us so we need to be cautious and ensure that we have financial strength in the last stage of life.

If unique bitcoin holders follow the way you make your point, they can certainly be tempted by the benefits.  If a long-term bitcoin holder continues to invest bitcoins following the opportunistic DCA method, he may be tempted to sell his bitcoins whenever he looks at his valuable holdings for cash.
If a holder invests for long term he can definitely use a strong wallet it may be cold stores wallet (or hardware wallet is better to choose any wallet) according to his choice and ability he can purchase.
 The use of a strong wallet is given the most importance because the place where the bitcoins will be stored must be a strong base.

Oh gawd.. now you are presuming in the opposite direction.

Sure maybe if someone got into bitcoin in the timeframe of 2011 to 2015-ish then might we might consider them an OG.. or can we have some 2016 to 2018 entrants as OGs, too?

Anyhow, maybe we can presume that a 2011 to 2015-ish entrant into bitcoin might have been older than 10 years old at the time and younger than 80 years old at the time.. perhaps? perhaps?.. yet where does that get you?  We have 10-14 years that have passed since the earlier entrant guys got into bitcoin.. .. that does not mean shit about them being older than 40 as you presume, even if 10-14 years had passed since these guys first got into bitcoin..


How can you presume those matters?


You really believe that thread supports your age-theory about folks you are considering as OGs?  You might even be presuming pre-2012 folks as OGs?  or maybe you have to define what you mean, and even point out which portions of that link thread supports your age-theory?  And furthermore, maybe the data in that thread needs to be updated in order to discuss your age-theory to the extent that there might be any validity in your seeming assumptions about age.. except that time has been passing, and bitcoin is getting older so anyone in bitcoin is also getting older to the extent that they have not passed away in the meantime..


Of course, the longer a person has been in bitcoin and the more bitcoin they have accumulated, then the more options that they have, and surely it seems a bit dumb (and perhaps presumptuous) to consider that selling most or all coins would be a good way to manage coins that are currently held, yet at the same time, bitcoin has been such a great investment that selling very small amounts of BTC has the potential of generating large quantities of cash that is way beyond the costs of the coins, so the BTC price may not really be a factor whether a longer term bitcoiner might choose to sell a few coins (or satoshis) here and there just for whatever reason.. since it could well be that the value of his BTC stash grows way faster than his spending of it.. so selling of coins may or may not be any kind of a BIG concern for someone who has way more than enough... and another thing may well be that he sells other assets prior to selling BTC, yet there can be quite a  variety of arrangements that longer term bitcoiner might have in regards to dealing with (managing his coins)... and surely hopefully, as you seemed to have had suggested, largely trying to safeguard the bulk of them.

I don't know why you find it normal to be talking about altcoin in a thread where bitcoin discussion is going on, but I want you to know we don't tolerate that in this thread, and if you are very much interested in altcoin discussion, there is a thread for that in the forum. You can go to the thread and talk about altcoin, and nobody will interrupt you because that is what the thread is meant for. But since you are a newbie, I will not blame you so much because you don't know how risky it is for someone to invest his or her money in altcoins, but I want you to understand that it is not advisable to invest in altcoins because there are so many altcoins developed in the market, and it will be difficult for you to spot the altcoin that will perform well; therefore, the chances of you losing your money if you invest in altcoins are very high because they are built on hype and no use case that will always help the price to recover when it decreases. But if you only stick with bitcoin investment, there's no way you will lose your money, provided you don't sell your bitcoin at a loss, because bitcoin has the tendency of recovering from its price whenever it decreases. If you figure out you will have discretionary income, you can start investing in bitcoin with your discretionary income with the DCA strategy so that you will always be accumulating bitcoin at any given price whenever your discretionary income is readily available, which will help you to increase your bitcoin portfolio since you are a low coiner.

Old age, retirement may be the last step which is certainly very good to be targeted in holding bitcoin, passing on to our children and grandchildren about our Bitcoin ownership.

Previously I had stated that the next 50 years are about world developments, bad or not we will never know, so don't misunderstand it because I didn't imply that it meant Bitcoin. but maybe it's funny for some responses if they are less confident in the future of course that's a big mistake, because fiat is inflation while bitcoin is not, so bitcoin will exist forever if the world still has the internet because investors trust bitcoin more for investment in the present.

With that of course it's true, here we are 30 years old, 40 years old, 50 years old or 60 years old. But what is clear is that we have the hope to hold bitcoin for a long time and 10 years is already a long time and can be increased to 20 years if it is for old age or retirement.

It is clear that there is a lot of planning to achieve success in long-term investment. One of them is routine accumulation, consistency in buying, supported by passive / active finance that we get.

It is not an impossible reason to make bitcoin our old age asset, because bitcoin is an asset that has faster development progress compared to others, countries, banks and many companies have seen quite good potential about bitcoin even America wants to buy bitcoin with strategy DCA so for that we must really invest well with the routine purchases that we have made.

Following in the footsteps of long-term holders new investors can continue their strategy and regular deposit which can be a means of best financial security for their later years or time of retirement. It is recommended to choose your youth age to do this and continue to accumulate Bitcoin regularly. If you can build a decent-sized holding by accumulating Bitcoin during the prime of your life you can be rewarded for your time well spent. Some investors either out of greed or emotion decide to sell their valuable Bitcoins which can dull their feelings at the next high price. Because it is clear that Bitcoin has the potential to increase in value over time holding is the best decision to make.

If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.

I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.

So these people must have been quite good at it if they had profited from it.  The idea of these people was good enough that if it is alive today, they would have got the most profit.  I just saw this thread and am hearing about them now.  But I have only talked about their thinking and mentioned their profit.  If he trade today, we know what Bitcoin is.

Bitcoin may be quite old but its quality is strong enough to last for many years to be trusted by everyone.  Be that as it may, they are working on it and the growth of Bitcoin is beneficial for us and will continue to be for many years to come and I see a lot of influence from Bitcoin.