Topic: Buy the DIP, and HODL! - page 509. (Read 148160 times)

Do you know that benefits of investment is when you invest when bitcoin price is low and you will be expecting to make profit when it goes higher, that is why most people do invest whenever the price of the market is dip, you can't expect an investor to invest when the market is all over showing green or the market is fluctuating, their is some certain things we are suppose to know or understand for this investment.

Neither you are investing long-term or short-term investing at most you have to make sure you have know the strategies of investment before you invest,  currently the price of bitcoin is between thirty seven thousand and thirty six thousand [37-36k] so if you are investing with this price ratio or range I don't think that you need to bother yourself much since is a long-term investment.

But for the fact is long-term investment I don't think you have much problem  but the process is a short term, I will tell you to watch well before you invest because what gives profit for bitcoin investment is when you buy when it's dip and sell when it's High, so short term  investment can not give you anything good.

Those that sell their entire Bitcoin are those who do not make provision for emergency fund that @JayJuanGee spent quality time to explain. Without making provision for funds that will support you when things you don't plan for happens, the last resort will always be your assets and considering Bircoin is easier and faster to sell than other forms of investment, it is usually the victim of such situation. Indeed, it is never a good practice to invest in Bitcoin without planning well on how to hold it for long and part of that planning involves setting aside this emergency funds.


This aspect was a hot topic in one of the thread and the discussion there shows that it is not everyone that is invested in Bitcoin that is thinking in that direction. Some that are, have not figured out how to achieve it. While many suggestions have been given, I think every one involved in Bitcoin must put that into consideration. Other forms of physical investments are easier to transfer to heirs unlike Bitcoin that requires some level of secrecy.

Even due someone is investing in Bitcoin for the short term or the long term, it is advisable the person should have a source of income so that he/she will not rely on selling his Bitcoin holding to solve his life challenges. Fomo can also make someone to sell his Bitcoin holdings because he/she invested in Bitcoin to get some profit in an estimated time but when the profit doesn't come and the price of Bitcoin dips, that person might be forced to sell off his Bitcoin even at a loss.

Since an investor is investing in a long-term plan, he does not need to analyze much about the Bitcoin market before investing because he can see such changes in the market almost after investing. As trading is done in short term plan so before trading a trader should analyze the market but if investing in long term plan an investor does not need so much to analyze the market. Bitcoin market is now between $35000 to $37000, investing $35000 for a long term plan will not affect an investor's investment as much as $37000 will not affect an investor's investment much.

Although long-term investing does not require market analysis, an investor needs to have sufficient patience. We have to make our minds in such a way that we can easily take the general changes in the market. After investing in a long term plan, if the market goes from $37,000 to $30,000 even then we should not get excited because if we wait for a few days or so, we will see that the market has returned to normal levels. 
Holding Bitcoin for the long term is one of the great virtues of an investor, meaning that investing in money can usually be done by anyone, but not everyone can hold on to that investment for the long term. If we can't hold our investment for long then we should look at those who have invested more than us and who are investing more than us and holding for longer. Because if we follow them, we may be encouraged to hold our investment for a long time. 

It may be challenging for a new investor to hold his investment for a long time but if he can accept the challenge and hold for a long time then he will not have any problem in holding his investment later on.

The most important thing here is an investor's plan. If I make a visionary plan with Bitcoin, I must think of Bitcoin. I know everyone has their own thoughts but those who can apply those thoughts correctly will get a better reward in the future. Marriage is important for every person but the cost depends on the person. If he is not financially sound then he should have taken the time to think about how he will carry out his program while holding on to the bitcoins.

We often say that we need to plan for the long term with Bitcoin but not all of us can hold Bitcoin for the long term. Moreover, the mistake we often make is that the money we can lose should be invested in bitcoin. The money should not be invested which cannot be held for a specified period of time. We all have a positive opinion about Bitcoin but if we don't invest in it without plan then we will have more chances of loss than profit.

I don't believe he invested more than he was comfortable risking. It's evident he wasn't aiming for long-term profit, and his lack of a well-thought-out investment strategy likely led to selling off his Bitcoins. For those looking to invest in Bitcoin, it's crucial to plan and diversify investments wisely, allocating an amount not needed in the short term. While it's understandable to sell some Bitcoins for emergencies, it's advisable to establish a separate savings fund for unforeseen circumstances during the investment period. Effectively dividing your income based on monthly expenses is essential.

Thats good statement. The wedding can wait for more years and proper planning should be made toward it. It's hard to believe that people will jeopardize their plans for the future by selling off their Bitcoin for a one-day event. If we look at it again the persona here was clearly into Bitcoin for the short term. Because am certain that someone investing in Bitcoin for decades/long term should behave differently from someone investing with the intention to pay for a wedding event in a year or two from now. The fact that he has to sell his Bitcoin for a wedding means he had some improper planning. Someone is planning for a wedding should have gotten a wedding fund account, which means whenever he receives his income he can allocate some money into the account, in a more preferrable manner he could decide to reduce the percentage of money he allocates for Bitcoin and emergency fund and set saving goals based on the budget for his wedding.

The main idea is to invest the amount of money you know you can afford to lose, so you won't have to sell your Bitcoin. If a person ends up selling his/her Bitcoin because of a life invent even if sometimes life can be unfair, it indicates that they have invested more than they were comfortable risking.

I don't actually think selling all of your bitcoin is a good idea, even if the initial idea was to accumulate and then use the money to buy or settle some things its still not worth the risk of selling all of your bitcoin, but rather I stand with the opinion that say, pass bitcoin to the next generation. Maybe before our grand children will start using using bitcoin, the price has already gone up to some millions in dollar, and you still retaining up to half a bitcoin would be considered a wise grand PA who used his wisdom during his time. But failure to retain some BTC is just like a salary earner whom after receiving his pay, he enters into a gambling casino and spend all his money before arriving home. Yes, its as worse as using gambler to compare one who sells all his bitcoin without retaining some for the next generation before he/she dies.

Talking about selling of bitcoin, next year we would be experiencing the halving event and this is not the right time for any one to think about selling, even if his intention is to sell after the bull run then wait for the dip before buying again, how sure are you that after selling your coins that wouldn't be the least amount the price of bitcoin  would fall to? So I not in support of the idea to even sell and buy again because you might be experiencing some loses if it happens just as I have stated.

Bitcoin investment should be taken as a journey, the same way we take our studies as a journey,  to become a professional in your field you need to build knowledge and experience,  and through that knowledge and experience you will be able to make the right choices and decisions as you journey ahead in your career, same goes with investment and any form of business,  the best way to go about starting up anything that involves risk, is by first of all knowing the nature and risk of what you are venturing into.
Bitcoin is one of those investment that before you can be well grounded to make the right decision, you must first of all have adequate knowledge about Bitcoin,  it market cycles and how volatility have it hold on the assets, all this you need to put into consideration before you make any decisions as to either buy the DIP and Hodle or make a break, hold back and have a reflections on the price deciding to either wait and keep holding your already starched Bitcoin or accumulate some more.
This aspect of market analysis is most important to avoid jumping in at the wrong time and also limiting your amount of waiting time for the price of Bitcoin to at least come close to what you have desired it to be a safe price benchmark for your Bitcoin holdings.

It doesn't require much of learning as you said but the little learning as framed by you is quite deeper and wider that it seems. lol, you will only understand when you are already investing. The sentence/or statement that is in bold, is quite confusing or contradict what it is intended to hold, it should either be rephrased to give it's meaning or be clarified because if anyone understand that Bitcoin is not a get rich quick scheme rather a long-term holding investment they can get involved with the DCA method of accumulation if they can't afford to buy larger scale. Even what you consider as long term investment is quite not long enough as discussed in the earliest part of this thread, if you read through you will find out that it is more a good long-term investment when hold for a period of 10-20 years and above.

From what I observed in this conversation the the misunderstanding between you and and the quoted @Fauderz is hanged around hitting the nail at the head, he/she in his/her definite understanding is trying not to dispute the fact that no knowledge is a waste rather learning and practicing is the real learning. permit me to say that your arguments here is kinda blind but you know what exactly you want to say but the skill of putting it in the right direction is what you lack here. when you made mention of the word (Experience) I believe you know the true meaning or you just use the word without a deep understanding of it, Cuz if you say experience you must put learning and practicing that makes up experience which is what the quoted was really implying but you either do not understand or do not want to understand either ways. For anyone to be well acquainted with the knowledge of Bitcoin and it's investment he/she must have put in to practice what has been learnt and this process is what brings experience or should I say it is the experience itself. so your conclusion that you prioritize learning about Bitcoin and gaining knowledge about investment is vague and not properly justified. the knowledge which you admire to gain in Bitcoin investment is majorly and/or solely dependant on practicing which is absolutely investing and leaning at the same time.

That makes sense, sometimes someone might think that all learning is the same, they might not see in terms of what learning is done whether it is theoretical only or together with practice, why? it is because in general the perspective of society in seeing learning is all good actions even though there are several factors that can actually affect whether or not they can understand what they are learning. And one of them is like what you discussed here, honestly I quite agree that indeed students together with real practice will definitely be easier to understand than we just sit in class and just listen to the teacher explain. Do you ever feel when you come home from school or college all the knowledge explained by your teacher/lecturer is lost in your head instantly/unconsciously? honestly in my opinion everyone who has been to school will definitely experience something like that, one reason that makes sense is because you don't see directly the physical form or just a picture of what you are learning, meaning you only use your ears to learn and don't use your sense of sight which basically it will help encourage your memory to be higher. So the point is learning is good in any way or method but in my opinion when you learn something together with practice of course it will make your memory even higher and indirectly it will be a real experience that is easy to remember while continuing to learn and carry out the best investment plan according to you.

Overall, I honestly agree with your statements and suggestions for the problem of good learning methods, especially for beginners who are just getting involved in bitcoin accumulation, and yes in addition to having a good enough learning method and that can accelerate your understanding on the other hand, don't let you only be busy on one thing, because there are still other things that are no less important, such as good financial management, emotional management and control that is in yourself. We must remember that usually beginners are very prone to making mistakes, not all of them are ready to face unexpected things (losses), and it will greatly disturb the spirit and planning that they have formed from the beginning, which is why it is not uncommon for beginners to just give up when experiencing losses. Therefore I hope they have to consider everything before finally getting involved, don't let you only be ready for the profit opportunities but you also have to see that behind the profits there will always be a level of risk that can even exceed the percentage of profit, and from the beginning they must already understand all the possibilities that are very likely to occur in their accumulation journey. I think this needs to be emphasized more, because not everyone, especially beginners, is ready to face such conditions.

One of the factors that determines an investor is determination, Goals and commitments, so however as an investor who saw a great potential on bitcoin or a particular investment and you decided to invest on the bitcoin, perhaps you should be committed and have a determination that no matter the circumstances you will stick to your investment and use other source of income to settle those needs while allowing your investment to grow.

Actually I'm not disputing his decision on selling off his bitcoin to marry his wife but on the contrary he has no determination as an investor because after spending all his bitcoin on the wedding he will be left with know option but to start all over again and maybe the bitcoin price may have gone up that he will find it difficult to buy again.

Perhaps as an investor what he should have done is to adjust the wedding so that he could workout the money from other source instead of selling his bitcoin, I'm saying this because I'm a business man and trust me I can never close my business to pay for my wedding because what if after selling closing your business and after the wedding you have no money to feed your wife what will become your faith. Perhaps there is a saying that he who fails to plan, plans to fail.

That forum member only invested in bitcoin with the funds that he was saving for his wedding and that is a wrong idea in bitcoin investment because you will end up selling your bitcoin with panic because the money was not suppose to be used to buy bitcoin. He was lucky that bitcoin price pump up when he invested and that was why due to FOMO he sold quickly to take profit. @Litzki1990, I wouldn't call that action an investment plan but trading. You don't need to have high hopes when you are investing in bitcoin because the price might not pump as you thought, you will be disappointed. Nobody is saying that you shouldn't plan big on what to achieve with your investment but rather stay focus and accumulate till when you have reached your bitcoin maintenance level, you can start thinking to fulfill your hope.


Professional investors or a beginner will always be successful as long as they both have a long term goal, and work towards their bitcoin target. Bitcoin accumulation doesnt need one to be able to analyze the market before buying, but it only needs discipline and patient because it is easy to just keep on buying weekly as long as you have budgeted the money that you will use for regular DCA. DCA minimize the risk that will put fear into a beginner that is new to his bitcoin journey. Stay focus on your bitcoin target and continue accumulating little by little will lead him to his bitcoin target, as long as he is not selling.The difference is that it will be more easy for a professional to achieve his bitcoin target due to so much experience in the market and in accumulating bitcoin with the three strategy. What the newbie only need to do is to keep on accumulating and piling up his bitcoin through regular DCA to increase his bitcoin size.

I haven't kept my eyes off this discussion, no matter the fact that I am not always here to discuss, but I read every line of each comments on this discussion.

However, it is a good thing not to sell all the holding in the wallet. Selling the whole BTC in the wallet is not a good one. Moreover, what is the essence of holding the BTC when the investor still sells them all at last? Although the investor might have gotten some profits, it is still better not to sell all the BTC in the wallet.

If an investor sells 50% or 70% of the BTC in his or her Bitcoin wallet, I don't think that there will still be enough Bitcoin that will suit the investor (no matter the achievements he might have gotten).

I think the other aspects of Bitcoin are to pass over to the next generation, mostly those that are aged. So, even if an investor wants to die and the investor already knows, then there is no need to sell all the BTC he or she has, but it will be good if the investor passes it on to his or her child that already knows what Bitcoin is all about, even if it is a little knowledge that the child has.

As I am the type of person that wants my family to know what Bitcoin is all about, if I am in such an aged position, I will just give my BTC to someone in my family that knows about Bitcoin, because even if I don't, I can not use it to do anything in the other part of the world.

As you seem to be suggesting Hatchy, the example also does not seem to be a good way to show what kinds of things we are trying to talk about in this thread in terms of ways to manage your bitcoin investment for the long term considerations.


I would hate to imply that anyone should be thinking about selling all of their bitcoin, because then the just get into fucking around with trading and trying to figure out when to get back in if the goal is to continue to hold bitcoin but just to buy more cheaper... and so if you end up being 5-20x in profits then why would it matter so much if you trim off 10% of your holdings at 5x or 20x.. or maybe you figure out some way of managing your holdings so you never really end up selling all of it, even if there might be some periods in which you might choose to sell larger portions, such as 30% of your holdings (which if you are greatly in profits might constitute several times the amount that you initially invested).. so why sell it all, unless you are planning to die soon?  if you do sell it all, then where are you going to put it that would be better than being in bitcoin?

After having only a little theoretical understanding about Bitcoin, it appears to be the easiest and safest investment to make. It doesn't take long to learn about it, and its processes are transparent, direct, and prompt if you want to follow it when investing. When you deviate from the basic guidelines for starting an investment, it becomes more complicated and necessitates more study or learning of new approaches, which may necessitate more time or jeopardize your investment if you are not careful.


What do you mean by "minimal investment ideas"? Is it not only bitcoin investing that will be your emphasis, which to me is the simplest and safest way to begin your investment? When you claimed that bitcoin investing is full of knowledge one can invest in, you are correct; nevertheless, what we are asking is if it is truly necessary to gain so much knowledge before you begin your investment. y then, you would have missed out a lot to invest at early stage, when you could have acquired some bitcoin at a lower price. After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

You seem not to understand were market analysis is being used, so however when you talk about investor to understand the market analysis, you are indirectly moving away from your major point of view because there is no relationship between investment on bitcoin on holding and being able to understand the market analysis before investing, so it seem a bit contracting from what you are saying.

But however weather professional or not investment on bitcoin doesn't require any analysis or perhaps you were referring to traders because they are the only ones that need market analysis but for for us we are focusing only on holding and not analysis.

Well, I think he or she never intended to invest in Bitcoin for the long term gain or profit. Sometimes during the period of HODLING, we might be faced with many temptations or problems that might want to make us use up our investment. That's why it's usually adviced to have a job or something that could generate you more income during the period of HODLING your Bitcoins.

 For the above mentioned person, he obviously must have spent all of his investment to run his wedding in fullest. It's good to have other sources of earnings while HODLING Bitcoin to avoiding you missing out on the profits you should have made after you had already sold your btc. I know of a friend who recently sold his Bitcoin during this period when Bitcoin was around 34k-35k he actually needed funds to do something's because the one he was expecting had not arrived just yet. After he sold his coins. He said the market moved to 36k/37k which we are currently in now and sooner he started regretting why he had sold his coins. So what I'm saying is that, if you are allocating particular amount of Bitcoin for your long term hodl, it should be there to serve it's purpose as a long term investment fund.

Investing in Bitcoin fulfills many hopes of an investor. I wanted to share this topic but it was not shared but today I feel that I should share this.  
A few days ago a member created a topic in the Bitcoin Discussion section and he headlined his topic Paid for my wedding by investing in Bitcoin. The member probably invested in Bitcoin when it was worth $25K and after $37k he sold his investment and paid for his entire wedding with the money he made from his investment in a short period of time. When the member invested $25K he didn't even know that he would be able to pay for his wedding with his investment profits. But the member did not fix his marriage on the basis of his investment profit but his marriage might have been fixed and he might have managed the money for his wedding expenses in some other way. But she/he invested and she made a profit from her investment and paid for her wedding with a portion of the profit, where she did not need to manage money in any other way.  
In conclusion, the investment in Bitcoin fulfilled a small dream of his, if he was not married at that time, the member might have held his investment for a longer period of time in the hope of profit, and if he had held his investment for a longer period, his profit might have been more.

The person I am talking about did not end his investment after reaching $37K but he will invest again in Bitcoin again and of course with more money and with a long term plan. There are many more people like the one I just mentioned who have achieved much better than expected by investing in Bitcoin. If we can only rely on the market and invest in Bitcoin for a long time with some risk of money, then like the mentioned person, we can fulfill our hopes by investing in Bitcoin.