Buy the DIP, and HODL! - page 547. | Bitcointalksearch.org

ajiz138

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Quote from: Inwestour on July 07, 2023, 05:15:24 AM

There are really many such people. If you think that everyone who bought bitcoin made a profit, then you are wrong. There are a lot of people who bought at 40k, 50k, 60k and even higher, but later on they sold in a bear market to save some of their money because fear has kept them from hold their coin to this day.

There is no instant profit, they have to go through several processes where they can be patient waiting for the price to recover again, with people who have bought high prices and are not strong enough to decline, usually they will leave in the middle of the road and it is better to sell at a low price than at a high price that he bought, I know enough that the person is not patient enough on his fundamentals.

Quote from: Inwestour on July 07, 2023, 05:15:24 AM

Just buying and getting rich will not work, you need to be able to choose a good entry point so that later fear does not force you to make rash decisions.

That's the wrong way people think to buy to get rich, in essence we have to know how the market moves and with what pattern to apply, for example making an entry when the price is correcting or bearish, with hasty decisions they will regret a little later.

Quote from: Inwestour on July 07, 2023, 05:15:24 AM

On the other hand, there are those who bought bitcoin at 40k - 60k and still hold it and perhaps continue to buy and average the purchase price, this is also not so simple and only those who really believe in bitcoin will do it. I think such investors have a very good chance of surviving the bear market and making a profit in the new bull market.

I think it's a lot when they buy in the price range of 40k - 60k expecting a high price but instead the price is getting corrected and the deepest fall is $ 16K, for people who survive in any situation he will still be a winner because bitcoin will always reach ATH again when it cycles 4 years have passed, and now it's a little more to get past that, while people who are still holding on now will definitely continue to accumulate and will not survive with bitcoins that have high prices, so they will maximize profits by buying by means of the DCA strategy.

Inwestour

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Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

Investing in cryptocurrencies is risky but there is a big difference between investing in some other coins and investing in Bitcoin. I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment. Their plans are mature enough. Investors should keep in mind that there are a large number of altcoins in cryptocurrencies, some of the coins in which the investment will never be recovered. People lose their wealth investing in different coins because of greed but I have never seen people who invest in Bitcoin and lose their wealth. Bitcoin is temporarily bearish but can recover if someone is able to hold it.

There are really many such people. If you think that everyone who bought bitcoin made a profit, then you are wrong. There are a lot of people who bought at 40k, 50k, 60k and even higher, but later on they sold in a bear market to save some of their money because fear has kept them from hold their coin to this day.

Just buying and getting rich will not work, you need to be able to choose a good entry point so that later fear does not force you to make rash decisions.

On the other hand, there are those who bought bitcoin at 40k - 60k and still hold it and perhaps continue to buy and average the purchase price, this is also not so simple and only those who really believe in bitcoin will do it. I think such investors have a very good chance of surviving the bear market and making a profit in the new bull market.

Falconer

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Quote from: BigBos on July 05, 2023, 02:52:56 PM

Quote from: Ryu_Ar1 on July 05, 2023, 01:39:56 PM

It can be a good thing when you can allocate a few percent of your income to be in bitcoin.
But as you said before, everyone has their own thoughts and strategies, when doing it with spare money as long as it doesn't interfere then I think it's also good, it's just that this should pay attention to more conditions where when there are unexpected needs then they should have some policies to make their finances not disturbed in terms of plans.
But when it comes to comparison then I prefer your way with budgeting beforehand apart from we know how much we spend on investment, unexpected needs can be overcome because there is an allocation there in financial management.

I think when you still have 50% reserve budget of the total value of your investment, then your financial situation will not be too risky even if you get a few surprises about unexpected expenses. I've always wanted financial management that way, but so far I've only had 20% of the total investment value as a reserve budget.

So in essence, have a spare budget regardless of whether you can get it equal to the value of your investment or maybe less. If you have a reserve budget higher than your total investment value, then reinvest with the same strategy.

BigBos

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Quote from: Ryu_Ar1 on July 05, 2023, 01:39:56 PM

Quote from: ginsan on July 04, 2023, 04:10:47 PM

Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment.

Of course, every investment has a risk, even if you are ready with all the risks you take. That's why we have to use reserve money in investing because we know it's cold money that we won't touch in the long run.

Everybody has their own strategy but in this context I think when you use your spare money, isn't it a deterrent for unexpected needs?
I personally prefer when budgeting every monthly income to be used as investment money. Because in my opinion when using spare money then this possibility can slightly hamper when there are urgent needs but when budgeted in advance to invest, for example like 10 percent every month then apart from you can know how much your capital is to invest, you can also use your spare money for other purposes such as unexpected needs or prepare to face some chaos such as inflation etc.

It can be a good thing when you can allocate a few percent of your income to be in bitcoin.
But as you said before, everyone has their own thoughts and strategies, when doing it with spare money as long as it doesn't interfere then I think it's also good, it's just that this should pay attention to more conditions where when there are unexpected needs then they should have some policies to make their finances not disturbed in terms of plans.
But when it comes to comparison then I prefer your way with budgeting beforehand apart from we know how much we spend on investment, unexpected needs can be overcome because there is an allocation there in financial management.

Falconer

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Quote from: Raflesia on July 05, 2023, 01:49:07 PM

I am a lazy person and don't really want to waste time with several candles and momentum expectations every day so with conditions like this I prefer to buy bitcoin and wait for it like for several conditions and my target as before.

Sounds good, of course much more recommended than selling bitcoins for altcoin. Buy and hold for the long term and ignore price volatility is what many recommend when you want to get good returns in the future. You are still required to manage everything including living expenses, health costs and the like, and that's why budget diversification must still be an important part of maintaining this investment plan.

Regarding the target, there is a lot of potential to set it at a higher price in the next few years. Halvings seem to increase the value of bitcoin naturally due to supply and demand factors, but we never know where the ATH is highest. I believe we have to get out of a certain position and build again, but not for everyone who has a different mindset and investment plan.

Raflesia

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Quote from: Wind_FURY on July 05, 2023, 03:03:52 AM

Quote from: Raflesia on July 04, 2023, 06:50:15 AM

Only if you're not in your right mind would you trade diamonds for copper lol.

That's true, but if a person has the skills and the capital to trade for copper, then return with more diamonds, why not make the trade?

If Bitcoin is to be money, use it as money. HODL it, trade it, spend it, lose it, earn it. Cool

Personally, I neither have the skills nor the willingness to take any risk. But to those who do it and do it successfully, I tip my hat.

That's the problem. As I said in the previous article, I also do not prohibit if someone really wants that but in other conditions of course in this case we must be aware of our capacity and if you are not able to do that then do not have high expectations, especially doing crazy things like exchanging bitcoin and switching to altcoins in the hope of higher returns after that you can buy bitcoin again with a larger amount of money.
The method sounds quite simple but the problem is that it is clearly difficult and even tends to be undoable for people who do not have the ability to do it.
I am a lazy person and don't really want to waste time with several candles and momentum expectations every day so with conditions like this I prefer to buy bitcoin and wait for it like for several conditions and my target as before.

Ryu_Ar1

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Quote from: ginsan on July 04, 2023, 04:10:47 PM

Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment.

Of course, every investment has a risk, even if you are ready with all the risks you take. That's why we have to use reserve money in investing because we know it's cold money that we won't touch in the long run.

Everybody has their own strategy but in this context I think when you use your spare money, isn't it a deterrent for unexpected needs?
I personally prefer when budgeting every monthly income to be used as investment money. Because in my opinion when using spare money then this possibility can slightly hamper when there are urgent needs but when budgeted in advance to invest, for example like 10 percent every month then apart from you can know how much your capital is to invest, you can also use your spare money for other purposes such as unexpected needs or prepare to face some chaos such as inflation etc.

Fausto Arta

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Quote from: Doan9269 on July 05, 2023, 04:07:47 AM

To make it more plain and clear, it's not that bitcoin investment does not have it own risk, but when compared to other cryptocurrencies, you could discover it's nothing besides the risk those ones gives, some have invested in bitcoin but make losses as the end because they never thought of adopting a particular profitable strategy to use while investing.

All investments are risky, including bitcoin. If someone among them says that investing in bitcoin is not risky, then it is simply nonsense. You should also know that investment risk tolerance varies from one investor to another and you cannot always blame one of them when you experience a loss or the strategy does not go as expected.

Quote from: Doan9269 on July 05, 2023, 04:07:47 AM

some don't know when to enter and exit, some cannot speculate among others, but the worst encounter one could have with alts is to invest on shitcoin unknowingly,

Nobody's perfect, but rest assured every one of them do it for a purpose; they expect profit. Their weakness is; don't do the analysis or maybe not be able to do it, but the goal is the same.

Doan9269, the best advice for you is; fix punctuation. I honestly have a hard time finding 1 point out of 636 words without spaces. Cheesy

Yaunfitda

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Quote from: Wind_FURY on July 04, 2023, 06:11:23 AM

Quote from: yudi09 on July 04, 2023, 03:38:37 AM

Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.

Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility. But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.

Yeah, who wouldn't want to have a good sleep at night knowing that your bitcoin is safe in your wallet and that there are no potential dump happening when you are in bed.

So most likely those who are selling their bitcoin to altcoin would lose their insanity, Grin

. But for those who are old enough or have matured on their crypto investments, we all know that bitcoin is the only coin that we should buy and then HODL for a long time.

Doan9269

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Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

Quote from: martinex on July 04, 2023, 03:56:24 AM

Quote from: Doan9269 on July 03, 2023, 12:28:13 PM

It will be a shame on those who thinks they can hodl altcoins for long as they do with bitcoin, many of them already fall a victim of Luna when the scam occur and to my surprise in knowing that some are still using this dip season to buy more altcoins than they have invested with bitcoin to hodl, let's watch out for more burst coming out soon before the bullrun season appears fully, while for now, you're only adviced to buy and hodl bitcoin because it's reliable and lesser in risk compared to other cryptocurrencies you could have chosen for an investment

whether in Bitcoin or any other cryptocurrency is effectively risky especially if relying solely on emotional reactions or news rumors.

Investing in cryptocurrencies is risky but there is a big difference between investing in some other coins and investing in Bitcoin. I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment. Their plans are mature enough. Investors should keep in mind that there are a large number of altcoins in cryptocurrencies, some of the coins in which the investment will never be recovered. People lose their wealth investing in different coins because of greed but I have never seen people who invest in Bitcoin and lose their wealth. Bitcoin is temporarily bearish but can recover if someone is able to hold it.

To make it more plain and clear, it's not that bitcoin investment does not have it own risk, but when compared to other cryptocurrencies, you could discover it's nothing besides the risk those ones gives, some have invested in bitcoin but make losses as the end because they never thought of adopting a particular profitable strategy to use while investing, some don't know when to enter and exit, some cannot speculate among others, but the worst encounter one could have with alts is to invest on shitcoin unknowingly, in which there are many of them in cryptocurrency today, this make it more important for us to know that bitcoin is the most reliable investment one can hodl and earn incentives over time far better than risking other cryptocurrencies for hodl.

Wind_FURY

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Quote from: Raflesia on July 04, 2023, 06:50:15 AM

Quote from: Wind_FURY on July 04, 2023, 06:11:23 AM

Quote from: yudi09 on July 04, 2023, 03:38:37 AM

Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.

Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility. But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.

Only if you're not in your right mind would you trade diamonds for copper lol.

That's true, but if a person has the skills and the capital to trade for copper, then return with more diamonds, why not make the trade?

If Bitcoin is to be money, use it as money. HODL it, trade it, spend it, lose it, earn it. Cool

Personally, I neither have the skills nor the willingness to take any risk. But to those who do it and do it successfully, I tip my hat.

_BlackStar

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Quote from: ginsan on July 04, 2023, 04:10:47 PM

Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

-snip-

I'm not even interested in Altcoins and we don't want to discuss them here.

You're lying - your posting history proves something else, but you are entitled to defend yourself regardless of whether you are completely disinterested or just want to assert yourself as though you are very focused on bitcoin.

The proof is here: https://ninjastic.space/user/id/877231

Quote from: ginsan on July 04, 2023, 04:10:47 PM

Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment.

Of course, every investment has a risk, even if you are ready with all the risks you take. That's why we have to use reserve money in investing because we know it's cold money that we won't touch in the long run.

If such a move and mindset were adopted by all small investors - then the market would not be as panicked as it seemed when FUD occurred. But the fact is - a lot of them are going out and selling their bitcoins instead of holding them long-term, that's why the market sometimes dips a lot in some cases.

ginsan

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Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

Investing in cryptocurrencies is risky but there is a big difference between investing in some other coins and investing in Bitcoin.

I'm not even interested in Altcoins and we don't want to discuss them here. You should get used to reading the flow and discussion here. Not an Altcoin worth discussing here even JJG will be very angry if you say it again. What we've been doing is investing in a DCA strategy for the long term and that's one way for us to accumulate Bitcoin in week after week.

Quote from: Dimitri94 on July 04, 2023, 12:55:46 PM

I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment.

Of course, every investment has a risk, even if you are ready with all the risks you take. That's why we have to use reserve money in investing because we know it's cold money that we won't touch in the long run.

Dimitri94

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Quote from: martinex on July 04, 2023, 03:56:24 AM

Quote from: Doan9269 on July 03, 2023, 12:28:13 PM

It will be a shame on those who thinks they can hodl altcoins for long as they do with bitcoin, many of them already fall a victim of Luna when the scam occur and to my surprise in knowing that some are still using this dip season to buy more altcoins than they have invested with bitcoin to hodl, let's watch out for more burst coming out soon before the bullrun season appears fully, while for now, you're only adviced to buy and hodl bitcoin because it's reliable and lesser in risk compared to other cryptocurrencies you could have chosen for an investment

whether in Bitcoin or any other cryptocurrency is effectively risky especially if relying solely on emotional reactions or news rumors.

Investing in cryptocurrencies is risky but there is a big difference between investing in some other coins and investing in Bitcoin. I personally think that those who invest in Bitcoin should take sound and reliable decisions for their investment. Their plans are mature enough. Investors should keep in mind that there are a large number of altcoins in cryptocurrencies, some of the coins in which the investment will never be recovered. People lose their wealth investing in different coins because of greed but I have never seen people who invest in Bitcoin and lose their wealth. Bitcoin is temporarily bearish but can recover if someone is able to hold it.

Doan9269

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Quote from: Wind_FURY on July 04, 2023, 06:11:23 AM

Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility.

It has appeared in many occasions that we had this kind of experience in the crypto market where some few coins outshines bitcoin just within a little while but many people try to avoid them because of the risk associated with their investment as you could discover that the higher they went will be the same speed they will take while coming down all within a very short period of time, this fear grip many investors whereby they might be thinking of making profits already but all of a sudden burst into losses

Quote from: Wind_FURY on July 04, 2023, 06:11:23 AM

But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.

The best of all decision is what you just say here lastly, no matter the happenings we should hodl onto bitcoin, we should try to buy the dip and hodl for the particular time coming where selling will come at ease to do without the fear of missing out as being projected by some alts.

Raflesia

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_""""Duelbits""""_

Quote from: Wind_FURY on July 04, 2023, 06:11:23 AM

Quote from: yudi09 on July 04, 2023, 03:38:37 AM

Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.

Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility. But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.

Only if you're not in your right mind would you trade diamonds for copper lol.
Although everyone's perspective is different when talking about bitcoin and altcoins but of course we have to be completely sane and it is not worth it to exchange bitcoin for altcoins even though the thought of being talked about with higher returns is undeniable but of course we also have to realize that things like this are not easy and don't forget the worst possibility where the loss will also be greater when your expectations do not match the reality in the end.

I'm not going to blame people for doing that but I might as well remind you that high return expectations can sometimes lead you into a trap Cheesy

Wind_FURY

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Quote from: yudi09 on July 04, 2023, 03:38:37 AM

Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.

Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility. But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.

martinex

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Quote from: Doan9269 on July 03, 2023, 12:28:13 PM

It will be a shame on those who thinks they can hodl altcoins for long as they do with bitcoin, many of them already fall a victim of Luna when the scam occur and to my surprise in knowing that some are still using this dip season to buy more altcoins than they have invested with bitcoin to hodl, let's watch out for more burst coming out soon before the bullrun season appears fully, while for now, you're only adviced to buy and hodl bitcoin because it's reliable and lesser in risk compared to other cryptocurrencies you could have chosen for an investment

Objectively speaking, investment decisions vary for each individual, and no one approach fits all. whether in Bitcoin or any other cryptocurrency is effectively risky especially if relying solely on emotional reactions or news rumors.

yudi09

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Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.
Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.
In contrast to Bitcoin which is still and will continue to be used as a hope.

Doan9269

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Quote from: Velemir Sava on July 03, 2023, 12:19:10 PM

Quote from: Wind_FURY on July 03, 2023, 04:45:06 AM

Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's either DCA or buy every DIP, like during the time I started this topic.

Cool

If we pay attention to what you said about Bitcoin's Resilience it's worth it Even though BTC faced many difficulties like collapse of LUNA, FTX bankruptcy, and bankruptcy of centralized services, Bitcoin managed to maintain its value and still trades above $30,000 and My view was a while ago that altcoins were more unstable and the value of Bitcoin has not been significantly affected by financial events or regulatory issues for sure. To use DCA, I don't think it's a problem, it's just that the market movement cannot be predicted with certainty.

It will be a shame on those who thinks they can hodl altcoins for long as they do with bitcoin, many of them already fall a victim of Luna when the scam occur and to my surprise in knowing that some are still using this dip season to buy more altcoins than they have invested with bitcoin to hodl, let's watch out for more burst coming out soon before the bullrun season appears fully, while for now, you're only adviced to buy and hodl bitcoin because it's reliable and lesser in risk compared to other cryptocurrencies you could have chosen for an investment

Topic: Buy the DIP, and HODL! - page 547. (Read 135623 times)