Topic: Buy the DIP, and HODL! - page 555. (Read 135458 times)

Bitcoin investment is not like those other assets that are visible or can be known by some other person like gold and stock where you have documents to show. Bitcoin investment is very private that if you don't tell anyone about it and choose keep it secrete,it remains so. I haven't told anyone that I have a little fraction of bitcoin as a newbie because I feel that it is nobody's business. This is one of the major reason why I love bitcoin because of its high level of privacy. I will keep holding and accumulating at the same time so that I can have a reasonable amount of bitcoin when it hit $1b

Hiding safes one from putting his life at risky with such huge amount of wealth from your accumulated bitcoin after you have hodli for a very long time. This is quite a good idea,but will one hide forever ? when you are wealthy a lot of people will look up to you so that they can also benefit from your wealth especially relatives and friends.

Hmm ... I can agree on that it is impossible.

A pretty good advice because it is the secret of every person who has bitcoin. This is closely related to privacy.
When they know we have Bitcoin that we hodling for a long period of time, it is not impossible they will do sabotage against us.

Jealousy is a nature that exists in every human person. It really depends on every human being in places it on which side (positive or negative). If the placement on a positive side can make humans around motivated. But rarely put the trait on a positive side when we get the luck behind the wealth obtained.

I will also do the same thing if a change in wealth occurs if Bitcoin exceeds the price beyond the allegation that we discussed this.

Why think about it? We already know that any transaction will be recorded by Blockhcain and whoever finds our transaction they know it as long as we are not too vulgar to have bitcoin and enough privacy is yourself who knows not about other transactions.

I don't need any particular technique for your Bitcoin holders just store it in a hardware wallet and it's safe and no one will reach it individually, no need to worry about tracking the flow of funds because we haven't committed a crime so what is there to be afraid of?

Okay. I'd say we're just buying and holding, There's nothing else that should make us think about trading short here. It's all up to each individual in determining the investment term they will apply, be it the next 10 years or the next 30 years. As previously explained that bitcoin is a very valuable asset in the years to come. We are not too selfish when the market situation turns red, that is the moment we are really waiting for to buy Bitcoin besides doing it gradually.

Apart from that everyone has their own desire to accumulate Btc in their portfolio for the long term even if they implement a gradual, purchase option but the strongest dominance will ultimately be won by those who carry out this strategy in the investments they make.

You are correct that privacy feature of Bitcoin is important for those individuals who never want to disclose their identity, but as we are all aware of the fact that all transactions are recorded in cryptographic addresses rather than with real names on public ledger (bloc chain), which is visible to any person. I think by employing certain techniques, it is possible to analyze block chain and potentially trace the flow of funds, and reach the individuals or entities involved in transactions.

The precious thing about bitcoin is that even if you hold a billion dollars worth of Bitcoin, no one will know crap about it since Bitcoin is highly private and untraceable unless the holder exposed his ownership of the wallet holding the Bitcoin.
For beginners like us, we still keep accumulating more Bitcoin even if the price gets as high as 1 billion dollars since my current Bitcoin balance can't earn me your kind of luxury even at a bull market price.

Same, it's impossible but we don't know what happened in 2038? Maybe we are old. Lol

I'm still in HODLing, this is my way to keep it safe so that one day the bitcoin price goes up, I take advantage of the low price and buy regularly as a DCA.
Why tell a relative or friend that we have bitcoins? I don't think it's important, let it be their business and they can't know how much bitcoin is stored, It belongs to you alone who knows it, they can't know about it.
Wealth I will make by my own behavior not from a friend or relative.

What if this happened, would it be as easy for HODLings to be a millionaire? Don't overdo it we owning bitcoin will realistically build wealth.

My small brain says that it's so improbable for BTC1 = $1 billion as proclaimed, https://bitcointalksearch.org/topic/one-bitcoin-may-be-worth-1-billion-by-2038-fidelity-says-5454591

BUT if we're lucky enough, I would suggest that you keep that you're HODLing Bitcoin only to yourself, not even your relatives and close friends should know. Believe me, wealth doesn't entirely change the person who made the wealth. It changes those people around the person because they know he/she has made wealth.

In my personal experience the "wealth change" wasn't that much during last ATH, but if Bitcoin surges to $1 billion, I probably should go into hiding.

Which part of the world are you from YUriy1991 ? Nothing on earth is easy talk more of success. For one to be successful,s/he needs to sacrifice a lot and work hard for a very long time and if you get discouraged and loose focus in the goal mate,you will start all over again.

Other investments that are not highly volatile and businesses that are into essential commodities can't even boost of success being easy because they knew what they passed through before they could be successful. Talking about bitcoin investment,which is more risky  than those ones I mentioned above because of its volatile nature and it is not an essential commodity because everybody can live without bitcoin,even after when all the bitcoins are mined only little percent of people will have it in their wallets. The others that were ignorant of it wouldn't even bother if it  exist. It is not easy to hold your bitcoin for 4yrs which is the smallest time duration for it to complete its circle because of some unforseen circumstances that will not be favorable to your plans of holding for this period of time. To hold for long is one and also to keep on accumulating is another. The bear market brings panic for investors and it is always at the time that most investors make loss in their investment because they lack the knowledge of the market analysis which will never lead to success.  Some people have the knowledge on how to go with their investment portfolio but they don't have the patience to wait for long and will end up selling when they don't even want to. For you to be successful in your bitcoin holdings,you must be financially and psychological prepared even though,you will not be able to accumulated more bitcoin as expected due to some natural phenomenon.

Well its quite obvious isn't it? A long term investment is probably preferable than that of a short term looking at all the risk that would be involve if one is trying to add up some digits through short term trading. I feel rather at peace knowing that my investment profit is tied only to the volatility of the market price cap be it in a bear season or otherwise at least I have the certainty of the price actually pumping anytime from the actual time I bought or started my bitcoin investment rather than trading or should I say gambling it all on little profit which  is highly risky.

It seems that you are in agreement with the idea of  holding Bitcoin for long term can be more beneficial rather than involving in short term trading where risk of losing your holding of Bitcoin is much high because market is high volatile and unpredictable. However, we should also acknowledge that market movements can often contradict  our expectations.Therefore it is important to carefully evaluate your investment decision considering your risk tolerance and financial situation.

We agree that historically bitcoin benefits us if we hold it for a long period of time, or are happy to be said HOLD.  Of course this is not a recommended thing if you want to trade short term, because the risk in this decision is indeed high enough that it will easily suck up bitcoin you if you sell it at a low price (even though you have done all your efforts to short-term trading, it still doesn't guarantee you will always be profitable).
Halving is indeed the goal of most people, because many predict that after that there will be mass adoption that will make bitcoin return to ATH, sentences like that are very common for other people to talk about bitcoin, even though basically nothing guarantees that bitcoin will re-form a new ATH in Halving this cycle.
You will only be holding on to yourself, and so will I, holding onto my bitcoins.

Historical patterns of Bitcoin price have demonstrated that it is not a good item for short term or day to day trading for generating profit unless you are professional trader and fully understand market dynamics and posses sufficient knowledge/experience of technical indicators. however, holding Bitcoin for extended period of time can potentially generate significant profits, particularly after its halving event that reduces block rewards and consequently increases its scarcity.

Hmmm, I don't know about this but I think most people actually work hard enough to become successful but the system actually of life doesn't actually award them that results of their hard work. Success is not as easy as you preached it to be and everyone might not be as opportune as you have claimed to have this success in their life but I do agree that hard work can actually elevate one from this level of poverty.

But maintaining a strict policy on your bitcoin investment is not very easy to follow up especially when the situation you are facing financially doesn't allow you to gather much because you can tell me you have the mind to save your coins and not touch them when your child or wife is probably not well and needs medical attention and you will chose to hold out your investments. But when the funds to carter for these needs are there and also the determination to be successful is also there then you can actually tackle such issues because maybe you will be having other insurance plans that covers all sort of life problems that might warrant you from tempering with your coins but then again not everyone has this opportunity to do so especially when the system you are in is not favourable to you @country

It tends to take a long time to build any investment portfolio, whether including bitcoin in such investment portfolio or not.

It seems to me that the overwhelming majority of people do not have enough bitcoin in their investment portfolio, so I would not worry so much about a hypothetical problem in which there are some people that might have too many bitcoin in their portfolio, but it is quite likely that those who have too many bitcoin already know how to deal with the issue (not really a problem) of having too many bitcoin.

By the way, there may be people who believe that they have too many bitcoin in their investment portfolio, and I would speculate those kinds of people tend to be coming to wrong conclusions because they do not sufficiently/adequately understand what bitcoin is.

I will also suggest that relatively speaking none of us likely needs to take a very large allocation in bitcoin in order to have great potential of profiting stupendously from our having had invested in bitcoin, and so we might be able to try to consider our investment timeline of 4-10 years or longer, and really have good chances of having had received disparately great performance from bitcoin as compared to other investments that we might make.. and at the same time recognizing and appreciating that even bitcoin is not guaranteed to outperform other assets, even though bitcoin is likely amongst the best (if not the very best) of investment assets currently available to anyone in all places in the world.

Good luck if you do not have many if any coins or if you are busy getting worried about when to sell your coins rather than planning ways to prudently, adequately and sufficiently accumulating BTC, you will need it.


Success is easy in theory, but it takes a lot of conviction to follow a plan of consistently and persistently on an ongoing basis.

If success was so easy-peasy, then there would be way more people who already have financial security in their lives, and surely that is not true.  There is also regional and geographical variation in regards to historically who gets wealthy and how they get wealthy, which has a lot of corrupt, confusing and preclusive aspects.  Surely bitcoin is a new way to potentially become rich and to have success, and it has ONLY been around for 14 years, and at the same time has ONLY had a market, a monetary value and increasingly more accessible to everyone for around 12-ish years.. and arguably even less than that in terms of people in all parts of the world actually being able to reasonably access bitcoin - once they learn about it.. seems like challenges to me, rather than ease in being successful..

If it is so easy to be successful, why are there so many poor people in the world?  Is it because the so many poor people are too dumb or they are not "trying hard enough"?

You hardly make any sense YUriy1991, unless you are only viewing the world and the circumstances of people with a kind of rose-tinted glasses in which you believe everyone has opportunties that might have had been available to you and to your particular circumstances, or are you perhaps trying to suggest that you came out of the gutters, pulled yourself up by the bootstraps to become the successful person that presumptively you have become completely through your own efforts?

Actually it's just a matter of hard work and dedication. If we are willing to learn and take action, we will be able to achieve positive results in managing our BTC assets. Success is not difficult, but requires persistence and the will to act. Regarding storing and adding BTC assets, it is important to find out on which exchanges the coin is available and at what price to buy it and is it considered safe. Once you have the coins, you need to know where and when to sell them. Easy.

Bitcoin price growth has indeed been proven in recent years until now it still has a positive ROI,
but for investments starting this year, ofcourse we hope that Bitcoin can reach a new year again, but that cannot be guaranteed either,
if you add There are too many bitcoins in your portfolio that you really need to know when to get out.

I think thats actually the first thing that should come to light with anyone who is currently planning on starting an investment be it bitcoin or any other type, because you can afford to invest more than what you don't have and especially if its a long term investment it is going have a great toll on you that might result in you tempering with your investment or selling of a portion of it because of the pressure of not having enough funds to keep yourself sustained, so I will prefer before going in for an investment plan one should properly evaluate all the necessary risk involved and know the capability of his or herself because tangling yourself all in the name of saving up some stacks.


Its better to go for an active plan where you can be able buy a little fraction of BTC or save up something from your little earning, I think money splitting can help thats split it into sections where you can put some in your investment and still not be affected.

Indeed, holding Bitcoin for significant period of time and consistently adding more Bitcoins in your portfolio by employing Dollar cost averaging strategy (DCA) is a prudent approach. The historical performance of Bitcoin has vindicated that it has potential of substantial growth and ability to outperform other class- of assets, including gold and stocks, in the long term. However, decision to continue holding and acquiring new Bitcoins entirely depends on individual's financial situation and circumstances, additionally  there is always risk associated with all type of investments including Bitcoin, therefore it is wise to carefully evaluate your financial situation, long term goals and risk tolerance before making any investment decision.

Yes you are correct, the price of Bitcoin can change and that determines how many Bitcoins we can collect in a given period and what its value (in dollars) will be at different times along the way.  The amount of Bitcoin we collect and its dollar value in a given period may vary, depending on changes in the price of Bitcoin.  If the price of bitcoin increases, we can collect more bitcoins and its dollar value increases.  Conversely, if the value of Bitcoin falls, we will collect fewer Bitcoins and the dollar value of the collection will decrease.  Hence, the stability of Bitcoin price