Topic: Buy the DIP, and HODL! - page 53. (Read 138918 times)

This is just bullshit , I know holding Bitcoin for long is a prior when comes to been a Bitcoin investor, but the fact still remains that your health should be put first , your emergency funds was not enough to coverup such emergency ( life threatening) and you have some Bitcoin stash that you can run to when comes to the worse . Is not everyone that have properties or people to run to mate and I won't advice carrying loan to solve such issue , because you are endangering your health more because I believe with that loan you won't be able to have any peace of mind, imagine someone that just survived a life threatening event, don't have any peace mind due to thinking on he or she can pay back such loan .

The best to do is to sell from that Bitcoin to handle such emergency, because a dead man can't accummulate Bitcoin , but with time you can be able to replace the amount of bitcoin you sold back but not at same price rate but doesn't matter aslong you where able to handle that emergency, because we should know how to differenciate need from want , always prior your health, doesn't mean you will start tampering with bitcoin in any slight expenses.

If you have been a regular follower of this thread you shouldn't be sounding this way, because issues like this has long been dealt with here in the past. Well let me educate you more on this matter. The reason why we have reserved funds and emergency funds is that our bitcoin holding should not be the first alternative that comes to our mind incase of any unplanned emergencies that may come up in the future. Since we don't want anything that will disrupt our bitcoin holdings/accumulations, hence we make provisions for reserve and emergency funds. But in a situation where a life threatening sickness hits an investor, and the money in his reserved and emergency funds account are not enough, and more money is needed, you don't turn to your bitcoin first. You have to look for alternative means to raise more money, either by getting a loan from the bank or relatives.

If that is not possible, you should think of any landed properties to sell to raise the money. If there is no property to sell, and there is no other way to get a loan from bank or friends and relatives, you can take money from your business account, that's why multiple sources of income are encouraged for all investors. When other options are exhausted and no way to raise the money, then you can think of disposing your bitcoin to save your life. The point is this, your bitcoin should be the last option of raising funds if you find yourself in situations like that. You should not rush and dispose your bitcoin without trying to raise money from other sources first, even though health ground is a good reason to dispose your bitcoin investment premature.

I quite agree with you on this considering the fact that the discussion of the thread has not really been centered on a based Bitcoin accumulation process but on different strategic concernment that may tend to facilitate and maximize Bitcoin accumulation, perhaps no one can confidently and certainly predict what will be Bitcoin next move hence changing the name of the thread from time to time based on Bitcoin market dynamics or perception can really cause some unnecessary arguments which I believe that has already happened just few months ago if I can vividly remember.

For me I will say 4-6 years is not  enough for a person who who has the least target, according to how we have been discussing previously, the least investing period is 4-10years and at most 10-30years above.  

That's true, getting started to invest in bitcoin required a good steady job to maintain his financial strenght and he should invest the amount he can afford to lose with his discretion fund. Knowing that bitcoin investment is a long term journey.

Yea you are actually right and I also share the same sentiment as you bro, it's pointless changing the name of the thread constantly, because the current title which is buy the dip and hodl serves a better illustration in when their is a dip and when the value of Bitcoin is on the rise or it's up, so it's needless changing it up and down, we aren't kids anymore, let it remains at it is.

I don't doubt it but I say it like this because my economic capacity is not that high, and well I have to do a lot of things to be able to have a decent income, this is what happens to me even being a person who studies and is professional, if I were to find a job where they pay me better and I could buy a btc right away I would do it, regardless of the price, but I wrote this because my capacity is still low but I make the necessary effort to get something and be able to buy even if it is little, the idea is to have more than 1 btc, but with patience you can achieve the objectives and with the DCA method plan.

Perhaps, but do I have to change the title back and forth if Bitcoin does DIP again, then when it isn't again? That would laughable because another bear cycle will definitely come, and it's another cycle of reminding everyone that we plebs should be buying those bear market DIPs with a LARGE portion of our savings.

The original title of the topic was "Buy every DIP". But that was during 2019 when it was actually the year to buy every DIP. I changed to the more traditional Bitcoin phrase, "Buy the DIP, and HODL".

Your suggestion hardly makes any sense.

This thread was started during an upwards trend in the price, so the suggestion back then was to buy any dip that happens, while the TC price was seeming to trend up, and in fact between the beginning of April 2019 until the end of June 2019, the BTC price went from $4,200 to $13,880, so it is was quite a ride during the first three months of this thread.

Even if we are in price discovery territories, there can always be dips, yet anyone brand new to bitcoin should not be focusing on buying dips, but instead focusing on buying bitcoin regularly, persistently and consistently,. whether it dips or not for the next 4 years or more.

There are always going to be contemplations from newbies how they engage in their BTC accumulation strategy, including questioning themselves whether they should wait to buy dips or to just buy regularly, and surely many of us might not even necessarily agree in regards to which BTC accumulation strategies to follow.. while at the same time, it seems a bit schizophrenic to be changing the name of the thread based on BTC market dynamics or perceptions of market dynamics.

You are absolutely right but i think the right word(s) to use are patient and discipline instead of confidence because you need these two things in other not to sell off your investment when it doesn't go as speculated. This is where most person get it wrong or made mistake in their investment we all know that Bitcoin is a volatile asset so why speculating and expect it to be so? Anyone who speculate and later wants to sell off their investment because of wrong speculation, to me I see the person as someone who doesn't understand what this investment is all about perhaps the person isn't serious to invest. I want to believe this is usually done by traders and short term investor because a long term investor shouldn't be speculating and planning on selling when it's not yet time.

Is there people here still holding that crap? If yes better dump that crap since they will just get unrealistic hype since they are just been deceived by those people who try to manipulate their minds.

The Creator of BSV has been proven a clown or fake Satoshi so by that situation he already tell a lie especially to those people still have BSV in their portfolio. Much better and smart decision for them to dump it since they can get more real value if they buy Bitcoin directly.

People need to have critical thinking so that this kind of clowns will not manipulate them since its a total waste of time if they believe in their jokes. Look at what happen now people holding BTC are so happy with current milestone reached by this coin, while people holding BSV still didn't get much good action on that coin they hold because this one is fake.

@Wind_FURY those who are preaching about BCash SV being the  real Bitcoin is obviously wasting their time because we are no longer in the days were people who knows nothing about Bitcoin will try if they can convince other people into believing on something in disguise form, so actually no matter any kind of assets they created claiming to be the real Bitcoin it will never influence anybody and besides there price is very low in the market compare to Bitcoin, so when they get tired of preaching about it without any result they would definitely move on because there is only one coin that's Bitcoin and there is no other coin that can compete with the glory of Bitcoin.

Wind_FURY don't you think that this is the right time to change the subject to "Buy Bitcoin and HODL" because i don't see the price of Bitcoin DIPPING anytime soon considering the fact that $100k has been reached, and the price may not DIP below $90k because since it got to $100k, there has not been any major corrections which means that a lot of investors are still holding their Bitcoins. Moreover, at the price of Bitcoin now, we can't call it a DIP price anymore because it's damn expensive, if a DIP will happen it will be after this bullish cycle and we enter into a bearish market, maybe until then you can change back the topic to "Buy the DIP and HODL.

I know that since Bitcoin has gotten to $100k, the next rally is $1M which is to say that anyone who buys Bitcoin now still bought at a cheaper price but it may take a long time before the $1M milestone will be reached.

I would like to remind everyone that if you ever feel very stupid - I merely want to tell you that there are people who truly believe and preach that BCash SV is the one and true Bitcoin, and they actually want YOU to HODL that.

Laughable.

Buy and HODL only the REAL Bitcoin, BTC, BTC

Okay, but you need to make a correction, since we are going through an important topic related to Bitcoin Investment, you should use the word specific Bitcoin. You should refrain from word confusion so that no one else is confused.

However, there is a great method for investors to save Bitcoin in the midst of Bitcoin market fluctuations and that is the DCA method. For those who are afraid, investing is not at all safe because under its influence, they may lose some part of their valuable capital. If you are a Bitcoin accumulator, this may be enough to keep your invested capital safe if you can continue to save continuously for the long term and uninterruptedly.
As you continue to accumulate Bitcoin from discretionary income through a best process (DCA), you should focus more on growing your holdings and tend to take profits after a fairly decent holding has been built up over 4-10 years or more and more years.

No bitcoin investor would pray that such predicament should befall on him because, you will end up selling your bitcoin portfolio if you don't have the demanded amount. You should also know that no kidnapper would kidney someone that's not rich enough to pay them the ransome that they will demand in my country because they're doing it for business.

When it also come to sickness that will exhaust all your emergency funds and still no healing, you will sell your bitcoin and become a no coiner. Only 5% of bitcoin investors can have such predicament that will make them sell off their entire bitcoin portfolio to solve and this scenario to play out in our lives is very rare. This is why you should pray to God that such shouldn't befall on you because if you are investing in bitcoin or not, you will still look for a means to solve this sickness problem or look for help or die with the sickness, maybe that's your own fate.

Then he should be very much specific so people can know and understand the type of coin he mean if it is Bitcoin or shitcoins.

Meanwhile this is not a thread to learn about cryptocurrency so there absolutely no need gaining knowledge about shitcoins here but Bitcoin long term investment so let continue to talk about bitcoin here and focus on it alone and not some kind of shitcoins talk.


You don't still understand that the word cryptocurrency is a general word you will get people confused by mixing it up let's forget about this crypto of a thing and focus on Bitcoin and in this thread it is only Bitcoin we are talking about and not other coin or shitcoins.

To invest in Bitcoin, it is very important to master our long-term investment strategy and hold Bitcoin for the long term according to the DCA strategy. Bitcoin is different from everyone in the cryptocurrency world, although there are other shitcoins. In Bitcoin investment, we can operate long-term investment services by following the DCA method, which is not the case with shitcoin. For those who are new to the forum and want to develop their human potential by focusing on discussing Bitcoin, I think this service should definitely be kept in mind and they should only be allowed to master the Bitcoin investment strategy. Whenever they come to discuss about cryptocurrency, not only Bitcoin will be discussed, there are various coin bases discussed.

Our main topic is Bitcoin, so I think it is necessary to discuss only Bitcoin instead of discussing all cryptocurrencies in the first place, so that they can gain proper knowledge about Bitcoin investment and how to hold it in the long term.

From his statement, I don't think he was referring to Shitcoins but the i see some points in what you're saying cause he needed to have been specific with the particular coin so newbies won't be mislead into investing in just any coin just because the market fluctuates, I know some people who still relates every Cryptocurrency they come across with Bitcoin, they end up buying shitcoins and when things goes wrong they blame it on investing on Bitcoin whereas what they bought was a Shitcoin.

 On a second thought, as a newbie that's here to learn about Cryptocurrency and the best coin to invest on, I expect such person to pay close attention to things going on in the thread, especially things ongoing in this thread so as to differentiate between investing on Bitcoin or Shitcoins regardless of whether someone use the right term or not.

Did you think you can hodl shitcoins for long? You are playing with your money and I don't think DCA strategy works with shitcoins, it would have been better and more understandable if you say the fluctuations of Bitcoin is absolutely normal because the price is not always stable rather than using cryptocurrency because we are not talking about shitcoins here which is forbidden in this thread so let's focus on Bitcoin and not shitcoins.
Using the word cryptocurrency here might mislead other newbies going to put there money into shitcoins which they will definitely regret because you mentioned crypto currency or maybe you think it is only Bitcoin we have inside cryptocurrency no there are other unreliable coin in it such as shitcoins that's why it is not allowed in this thread.

Your point per discipline is inevitable when it comes to investment in general mostly the most valuable like that if Bitcoin, but my point of argument or opinion remain that if what emergency fund can't not resolve because there is not amount of fund that can take care of unforseen circumstances like life threatening, if you have not seen heavy investors hit with life threatening who sold their properties and many belongings even seek public contribution inorder to save their life I I have witnessed even hear some through news or Media sorry to use this common example of a Nigeria actor who was hit with illness that leads to amputation of his leg the man called john okafor popularly known as Mr ibu , the public made some donation and he lost his life if such a person has Bitcoin as asset and selling it could save his life you think he will reserve it and died because of long time holding, when I said life threatening it really entails life issue with deep sense of details. Sorry to use the particular scenario assuming a man kept emergency fund that is not up to what a kidnapper who adopted him is looking for and no means to get the demand, you mean such person should die and leave the Bitcoin unsold if he practice Long holding where means of selling and get released can be made, for me it's unwise.