Topic: Buy the DIP, and HODL! - page 5. (Read 121535 times)

In as much as I want to agree with your points, I want you to understand that most newbies want everything on a platter of gold and I think things are not done that way, yea, everyone here started as a newbie but there are somethings we need to learn though what people have said here already, no matter how voluminous this thread seems to be, I believe  that a newbie that wants to learn can glance through some piece of writing here to from them, am not against a newbie asking questions if he or she was not satisfied with the answer given so far, but such question should not be repeatedly asked, once you have an investment in Bitcoin as a newbie there are something things that ordinarily you need to know unless the ones you have not come across before then you can bring it here as a question, then people can respond with their own ideas to profer solution to it, better still the question can be thown to our boss @JayjuanGee i believe his always ready to give more insight on whatever Bitcoin investment related question being asked here but the question shouldn't be a silly one as that.

Buddy no one is restricting anyone from making contributions here or asking questions but with the little I know, some newbies can be silly, most of them ask unnecessary questions though I didn't say it's bad to ask questions but rather it's better to queue into the discussion of day and learn from old takers not necessarily through asking questions, sometimes it's better to read more here too because it helps to build you more.

I don't know why he thinks people should sell there btc because of profit moreover there are people that invested in bitcoin to store value for a longer time and not because of short term profit Also he fails to put into consideration, that majority are barely a year old in there btc accumulation and that the money they invested are discretionary income that they will needing for the 5-10yrs or more. With the way bublis is sounding  it appears to me that he is a low coiner or a no coiner, for someone who has been in the forum since August 2013 he is supposed to have learnt alot about bitcoin, but here he is trying to mislead other forum member into sell off there coin before there investment timeline without knowing or bothering to know how much bitcoin they have in there portfolios.bubilas to me is not an investor because his mindset is that of a trader ,who fails to understand the potentials of bitcoin and rushing to trade off the little they have all in the name of short term profit.well as for me i will not allow anyone to mislead me into selling the stash i have in my portfolio and my focus is on continuous accumulation  of bitcoin untill i reach my investment timeline.

This is why it is more important not to invest your whole money in bitcoin so that when you see a rise in bitcoin price, it will not force you to sell your bitcoin investment for the short term to solve your daily expenses. We all know bitcoin is a long-term investment, so we should use our discretionary income to invest in bitcoin and make provisions for the money we will be using to sort out our daily expenses so that we will not find ourselves in this condition. I want you to know any bitcoin investment that's below 4 years is not a long-term investment, but if you think you have held your bitcoin investment for 4 years or more and you think this is the right time to cash in your bitcoin to sort out your daily expenses, go ahead and do it. You are responsible for your actions.

Fuck off with your presumption that guys need to sell BTC merely because it is profitable.  That is a superficial idea that is ONLY accounting for our current BTC price and nothing in regards to where ever the member might be in terms of his bitcoin accumulation journey and other cashflow management particulars that he might have set up.

Perhaps you have never learned how to invest or how to manage your cashflow so that you do not know how to invest, so the fact that you believe that guys need to take profits might just show that you don't know shit about how to treat your own involvement in bitcoin.

Sure guys have more options when the BTC that they hold is profitable, but the mere fact that their BTC holdings are profitable does not mean that they need to sell any or all of their BTC, especially if they have other resources from which they can draw for their fiat needs.. and hopefully guys figure out how to come to bitcoin without using money that they need to invest into bitcoin since that would be trading (or gambling) rather than investing, and if guys are already in the habit of using discretionary income to invest into bitcoin, then they already may well have come to the conclusion that they don't need the money that they invested into bitcoin for 4-10 years or longer, so then we might need to figure out how long has any of the members you are addressing might have had been in bitcoin and what might be their various goals in respect to their bitcoin investment..

Hopefully not everyone is in a desperate state and having to take profits with their BTC as soon as possible and then end up engaging in short-sightedness. and perhaps result in being a low coiner, no coiner or someone who sold way too many coins too soon, which I get the sense that you @bubilas might fit within one of those loser categories, even though you have been registered on the forum since August 2013, yet you come to this thread and tell guys to sell merely based on recent BTC price moves, and without knowing anything else.

Now with you it could be the case that you have plenty of bitcoin since you have been registered on the forum since August 2013, yet perhaps you have been taking profits all along the way and you want other members to fuck up like you and you have failed/refused to figure out what investing into bitcoin is so you have remained pretty much a trader, a low coiner or a no coiner, but you still want to give bitcoin advice?  Since you have known about bitcoin since August 2013, you should have had learned something by now, except for just taking fiat profits as soon as you feel you are sufficiently in profits.

HM?  Have you accumulated much if any BTC over the years or have you been too busy trading (gambling) or selling too many BTC too soon and you have nothing or close to nothing to show for your time in bitcoin?

I didn't assume that all newbies know that bitcoin is a long-term investment, and that's the more reason I said that since bitcoin is a long-term investment, he should use the money he will not be needing for 4-10 years or more to invest in bitcoin so that it will allow him not to depend on his bitcoin investment to sort out his daily expenses because he used the money that is not allocated to solve his daily expenses or to build up his emergency funds for 4-10 years or more to invest in bitcoin. I do not know if you were sleeping when you read my post because of all the things you just said in your post I have already said to that newbie, but you chose to make up your post just to make me look as if I don't know what I am doing. What will happen to your bitcoin investment if you use the money that you will not be needing for 4-10 years or more to invest in bitcoin?

Thought we are still trying to run away from Fiats, here you are suggesting we should sell to Fiats in order to attend to some basic needs. Perhaps, as a bitcoin investor, it is assumed you already have Fiats to take care of some immediate needs that may arise while you are still making accumulations, that's where the emergency funds plays it's role since they are in Fiats. except for those who have reached their level of investment, don't see any need or whatsoever to sell bitcoin now. Wondered what could be making the price to skyrocket lately? It's not a natural phenomenon as investors are buying more and that's how the value is increasing or do you wish to sell what others are seeing more value in and sorting after it more than anything else now?

Bitcoin to the moon... no retreat no surrender

Even if the thread is voluminous, they can go through some pages, I'm sure they will get something out of it. The point is that someone who is eager to learn has to show some prove of work. Look even in college when a lecturer sell you his text book, you have to read through the book no matter how voluminous the book is if you want to pass your exams. If the secret of what you are looking for is hidden in the book, you have to find time to go through it.

Using how voluminous it is as an excuse will only show that you are a lazy individual who wants everything to be dished out to you on you table without making any efforts. I'm not saying that the newbie must go through the entire thread before asking a question, but going through 50 to 100 pages backward will help than not going through it at all. You don't really know what I did when I was a newbie, so don't assume what you don't know.

When I was a newbie and came across this thread, I read through the thread 150 pages backward from where I met it, that was how I got more insight about what the thread was all about. Everyone must not do exactly as I did, but going through some pages won't do them any harm. This way they will be more informed, thereby prompting them to ask more meaningful and constructive questions rather than jumping in and asking silly questions.

I think that as a Bitcoin investor, your should prepare for the rainy days, that's why it's mandatory that you must have a good source of income and an emergency fund so that you wouldn't have to temper with your Bitcoin holdings regardless of what so ever, because by your illustration here I mean the words I made bold in your statement, it's like you are encouraging people to withdraw some profit from your initial holdings, due to the gains it had made.

But I want you to take note that once you start taking small profit or tempering with your holdings, it's very difficult to stop, so I believe that your source of income and your emergency funds should be enough to take care of your children's needs and medical bills if the needs arise.
So in essence of what am trying to say is that in other for your Bitcoin holdings to survive the rainy days and any troubles that may arise, it's best you have an emergency fund and a good source of income while investing in Bitcoin.

You should understand that this thread is voluminous for newbies to go through before they can ask questions about what they need to know about bitcoin investment. There's always room for newbies to ask repeated questions on what they want to understand and when they seek for more clarity. Besides there are times when a newbie or any other person will come across an explanation about something they want to know but might not be satisfied with the response they got from a particular user, which will make them want a more broader and clearer understanding from some other users. Newbies are always eager to learn and know their way around so you can't completely blame them because if you reflect at when you were a newbie and came across this thread, you may find out you did similar things but all are just within the newbie era. However, everyone is open to discussions in this thread irrespective of being a beginner or not.

Well said mate but I want to add that the name shitcoins should even encourage someone to avoid investing on it, those coins are mostly pump and dumps and a good number of people I know that's tried to risk investing on them always end up regretting, the mistake majority of them make is buying and holding for long-term, it is very risky and that's what the shitcoin owners wants so they'll pump it a little and manipulate people into buying their coin them dump it after a while. I've even grown men cry because of what they lost investing on coins like that, more reason I don't trust any other coins apart from Bitcoin, it has proven to be the best Cryptocurrency since about 16 years of it's creation and has attained a height that could take very long for others to reach, it is more easier to invest on especially for long-term. Also the price of Bitcoin is not an issue to start investing any entry is okay so far you've got a stable income to continue investing at weekly or monthly intervals for long-term which is about 4-10 years because Bitcoin investment is not a get rich quick scheme, it requires patience and discipline but it's highly profitable.

Firstly I'll tell you, you don't need to invest in meme coin because they are not reliable. Considering memecoin as an investment to go into, I think you are making a mistake that will be so risky for you. Bitcoin is better to invest because it is reliable and valuable. DCA method of investment is easy because you only invest with amount you can afford, you don't need to pressure your self to invest with a huge amount just trying to meet up, but with DCA method from time to time you can make the little investment that you are capable of. The most important thing in the DCA method of investment is just for you to have a steady source of income , with this you can be able to achieve success from your investment.

One thing I'll advice you,  do not be in so much pressure to invest because of the market increase to make quick profit, invest what you can afford according to the income you earn.

Yes.  You need to figure out what you are going to do, and if buying the dip fits into your own situation.

According to your forum registration date you have been in bitcoin for about a year, so do you consider that you have accumulated enough bitcoin to change away from a DCA strategy or a persistent, consistent and ongoing accumulating of BTC through buying?  

If you have a lot of discretionary income you have more various ways to divide it up, and if you get lump sum amounts of extra cash coming to you then you also have more options regarding how to treat those lump sums.

Why don't you describe a hypothetical of someone who has been in bitcoin for a year and try to describe a situation in which it would make sense to employ any kind of a waiting strategy rather than a buying right away strategy?

You sound distracted by price, and you have only been in bitcoin for a year?  Or did you start out with a lump sum investment into bitcoin?  I still have troubles imagining scenarios in which you should not be mostly just consistently, persistently and ongoingly buying BTC.

What are your current plans in regards to how much dollars you are planning to hold aside for waiting or buying on dips that may or may not end up happening?

You are the one who has to figure out your own particulars, and BTC price is ONLY one of the particulars, and frequently it is best for newbies (especially during your first whole cycle) to not be fucking around thinking about BTC price, unless perhaps your circumstances justify some kind of an exception such as you were able to front load your BTC investment and/or if your timeline might be longer than your forum registration date... but yeah, in the end, you are responsible for your own actions including if you buy too much BTC or if you don't buy enough.

Have you also considered your 9 individual particulars, too?

Newbies at the moment might be thinking "what if" I know that's what most will be thinking and no  doubts the market is more in a upward trend but that's not the focus , it's always been so the what if a retest shouldn't be a concern unless you're in for a gamble .
What I'm just going to say is "same way you have the 'what-if" --negatively, think about the "what-if" --positively aswell".

The thread is straight forward  even from the topic but the topic is currently " Buy the dip and hold" so there should still be some stuffs to learn about holding  small dips can be bought also , all  price entries are not bad .

I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic."  Actually there could even be good comments and/or questions from guys who merely thought about the topic, but yeah, sometimes it can be frustrating if it appears that absolutely no effort went into a post, and so then the post just appears like a troll asking questions and trying to cause us to work without their making any effort at all.

I think the right statement should be "Never sell your bitcoin." Hodl Hodl Hodl.. because as long as one moves their coin to the exchange, if it's not already their open an order to sell and they eventually sell off indirectly, they have handed over their bitcoin to those you warned them from selling to;
 
The US government won't, as individuals directly sell to them, nor will Blackrock and other institutional investors request such private sales; they always buy from the exchanges, which is also the selling point for both small and large holders, so anyone who doesn't want their coin to beg to the hand of those mentioned above should Hodl.

Shitcoins are no duplicate to bitcoin neither do they have similar properties with bitcoin in any way, they stand on their own so when you are referring them do duplicate to bitcoin sounds as though you are giving them so potentials bitcoins have.

Some shitcoins do rise above bitcoin sometimes but what else do you expect from shitcoins other than pump and dump. As they skyrocket very fast, they also apply same speed when falling. Shitcoins not worth investing on, anyone who invest in them should bear it in mind they are at higher risk of losses.


For sure, Bitcoin is the ONLY true investment anyone can start and won't regret investing in it so far as they have long term investment goal since it's growth is more visible in the long run. Bitcoin is the steppingstone to a wealthy life and financial freedom if you can be able to make more accumulations and HODL for a long time.

Again I say, $87k.
Congratulations folks.

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

A Bitcoin investor should not treat holding and trading as the same thing. Trading is generally risky especially since Bitcoin is the most volatile currency an investor can lose his money in a very short period of time. But if he accumulates his bitcoins long term, he can protect his wealth from volatility. At the same time he will be able to hold bitcoin uninterruptedly. A trader may gain small amount of  in short term by trading bitcoins but if he holds then he will be able to grow his bitcoin portfolio in long term. If a trader tries to hold bitcoins regularly according to his ability, he can definitely be profitable in the long run, avoiding the tendency to make a profit. If MicroStrategy was trading Bitcoin they could be profitable, it would increase its profits in the short term, but despite that possibility, the company is focusing on bitcoin holdings. In the long run a trader may be worse off but a bitcoin holder's wealth will continue to grow.

Ignoring might cause misleading thoughts to other people especially that we have newbie audiences here could read their opinion so instead of ignoring them better if you share your valid or good insight so that you can correct their wrong thoughts and contribute more good opinion so that they will be corrected as well they cannot read misinformation.

Although I understand that ignoring would be better, but if we help other to understand to know more precise detail about the topic discuss I guess taking taking those topic still have a sense since we can help other to understand well or get good correction from your good opinions. As of the moment where bitcoin is hitting again its new high to many people got interested about holding investment with bitcoin that's why its good to share good thoughts and correct those wrong information shared by other people.