Topic: Buy the DIP, and HODL! - page 576. (Read 134607 times)

But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition.

I am not even attempting to ridicule you.

I was pointing out an issue in terms of your way of phrasing the issue of your claiming to be the most optimistic of HODLers.. and surely the evidence does not support that statement, and that's why it would have been better for you to frame your claim in terms of your opinion or your feeling.. like I mentioned.

Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.

Yes, i use various hypotheticals in order to describe goals and BTC accumulation strategies, and sure I have had the forum legendary title for several years (even prior to the merit system), but that still would not be accurate to hone in on my supposedly having "whale investor" status, and maybe defining a whale as having more than 0.63 BTC, then I would be guilty of making such BTC portfolio size admission in the past.

Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK.

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler. 
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1

Oh gawd..  

How do you know?

and why would it even matter?

And I question if it is even true.. look at your post history.. Mr. most optimisitc... are you trying to be funny?  

For example, here's a my rendition of a representative post from you.  "I am going to whine.. but I am going to whine optimistically."    hahahahahaha

Can your posts be used to measure whether you are actually optimistic, or do we need to figure out how you "really feel" through some other means?

Let's say that there were a way to measure optimism, and then we estimate that there are 3 million forum members, but only 50% are optimistic and only 15% are HODLers, but then you want to proclaim that you are amongst the most optimistic of the ones who are optimistic.. so by your measures, you end up in the top 100k of members within your described category.. or whatever?  Makes little sense to me, difficult to quantify exactly, and hardly even relevant within that way of framing it, no?

Maybe I am just quibbling about your wording.. and if you had just said.. I consider myself to be amongst the most optimistic of HODLers rather than making a factual statement then I would not have been as likely to quibble because you would have just been making a statement regarding how you view yourself rather than an actual factual statement... Sure I could have still quibbled.. but there would have been less room for such quibbling...  #justsaying

Your above-linked twitter meme seems to be a reasonable (or might we say optimistic?) way to consider BTC price dynamic matters.

Is your patience being tested by Bitcoin's price movement? Are the current FUD starting to put doubts in your mind? I'm one of the most optimisic HODLers in the forum, but I'll admit that the doubts are sometimes there, causing me to question my investment-thesis.

I'm merely a pleb, and as a pleb, I believe we should ZOOM OUT, when in doubt, https://twitter.com/btcmemecreator/status/1584395072921292800

The ease, or difficulty of "the right timing" would depend in your time preference. The HODL requires very low time preference, which then gives the investor a large margin for error in his/her bids. The shorter and shorter time frame you go, your time preference also go higher and higher, which then causes the investor a smaller and smaller margin for error.

I believe the best path in finding "the right timing" for plebs like us is simply to zoom out and buy during the lows of the bear market.

Your way of describing bitcoin's investment thesis is a bit strange, Aanuoluwatofunmi.

With any investment, there are risks that they could go to zero or that they could stay stagnant in terms of their price for many more years than any of us would be wanting to tolerate - so in that regard, we always need to consider downside risks for any investment, including investing into bitcoin.

Sure shitcoins have additional risks, including that there seem to be none that have anything close to bitcoin's fundamentals, but perhaps a majority of the shitcoins try to place themselves as bitcoin equivalents, bitcoin superior or suggesting that they have some kind of monetary value or investment thesis that rivals bitcoin in some kind of way.

The subject of comparing shitcoins to bitcoin is outside of this thread, and also your suggestion that someone who gets into bitcoin needs to "understand how to trade" or how to "sell" bitcoin with the "right timing" seems to deviate considerably from points attempting to be discussed in this thread.

I will agree that there is some tension within points of views that are being discussed in this thread in regards to how much value and practice that individual should be attempting to place on timing their buys as compared with some kind of ongoing and regular buying strategy - depending on their own assessment how much bitcoin they believe that they should accumulate based on their own circumstances.

I will also agree with your overall assessment, Aanuoluwatofunmi, that bitcoin is a unique asset class that differs from any other asset class that we have previously had within our options, and it also provides investment options (and maybe even incentivizes other investment services) that had not previously been available, including that anyone can invest into it, even with very small amounts on a regular basis - even though surely the availability of ways to buy bitcoin is going to vary from location to location - especially since we are still in early bitcoin adoption stages.. so there are still a lot of folks who have difficulties getting bitcoin exposure and become somewhat more hesitant to even learn about bitcoin because there still are likely perceptions about limitations and challenges in regards to on-ramps and off-ramps for a good number of people - who also might not want to spend a lot of time learning or investigating what they might be able to easily buy (once they figure out how to do it).

In dealing with bitcoin, the risk does not outweigh the reward as you've thought, this is bitcoin we are talking about and not altcoin, the least you could loose is the volatile changes in price which has nothing to do with loosing your entire fund, you could also realise profit is the trends surges, but before you could engage with bitcoin investment you must ensure you understand how to trade, buy and sell on a right timing, bitcoin is not like other investment platforms, it's a currency and asset.

You did not use the word bitcoin at one point in your post.

Hopefully when you are using that dumbass term "crypto" you know what you are talking about and you are not using it when talking to people in the real world.. Using the word bitcoin is a lot better in order that people know what the fuck you are talking about.  Are you talking about bitcoin or something else?  If you are talking about bitcoin, then use the word bitcoin.  If you are talking about something else, then specify what do you mean.  Do you think that there is some other shitcoins that are needed to be lumped in with bitcoin as if they were the same thing?  Is there something that someone would buy that is called "crypto"?

That's such a dumb, vague and lame term (referring to "crypto").. if you had not noticed.. apparently not. you used it.  Are you using that term to sound smart?  because everyone else uses that vague ass and nearly meaningless term?  By the way, if you use the term crypto and you put it in context in respect to bitcoin or whatever else you might be referring to, then it is not so much of an offensive term.

By the way, in this thread we are talking about bitcoin.  Just so you know.


That's true.. there can be quite a bit of individual variance, including how matters are described.  When I suggest what things that individuals need to assess in their own finances, even if we could agree on the categories of things to consider, it is quite likely that we are going to have to apply them differently based on our own circumstances, and sometimes the different applications will be great and sometimes it might be slight based on a mere small difference in personal circumstances.

Just as a reminder for everyone, I consider the personal factors to be weight to be mostly these ones:  cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

I'm very sure we 100% AGREE in the mentality/philosophy of the HODL. Our differences are in the "how" to accumulate, and probably also in the "why" we should be accumulating Bitcoin. They are both minor points/differences, but I'm very happy that we do both are aboard in the same ship, ser. I've always noticed that if you ask 5 different people "What is Bitcoin?", they could give you five different answers.

A lot of newbies need to learn to Buy the Dip and HODL and not panic sell. Many people that are new into crypto are just too consumed with their anxiety and not grounded enough in their beliefs.

I’ve been in the crypto space for while now and I’ve seen plenty of crashes and corrections over the years and I think that has built a lot of confidence in me.

I feel when you really begin to understand how valuable the technology is , you stop looking so much at your wallet and relax into the long hold strategy. You could never get me to let go of my coins because I know what they’ll be worth in the years to come.

I might be repeating myself and even quibbling with minor points - because ultimately, each of us will need to figure out which aspects of bitcoin motivate us into establishing a strategy that involves some form of accumulation rather than merely getting in and out in order to get more fiat (in the short term).

So probably we mostly agree, even if we are phrasing some of the matters differently - because I have largely gotten to a point that I have difficulty appreciating that I would sell large portions of the bitcoin that I hold, so even if I perceive that we might be at a top, maybe I might shave some off, but I am likely going to just ride out the volatility - yet the fact of the matter is that if my own conditions change, then I might start to consider that selling larger portions of it might be feasible.. under certain conditions.. perhaps?  perhaps?  I am not really there now...

Bitcoin acts in opposition to no one, if a regime is so negative to its own people they have no freedom or ability to prosper then perhaps Bitcoin is seen as an enemy to that ongoing oppression.   Bitcoin providing some utility to the poorest most isolated people this is an entirely neutral bias, we just have extremely negative situations for people in some countries that can resemble mass imprisonment.   Unsurprisingly a military dictatorship does not serve the people, whatever words of equality are spoken its not true for those without military command.

Well everyone will always be different in doing what they want with Bitcoin, there will be many things each individual with Bitcoin that I hold myself as a HODLer wants to expect something greater in value in the future so doing it long term is our hope and definitely if one day in my country Bitcoin is legally enforced what I hold so far is useful for other things, for example; shopping, paying employees, buying food, paying rent or buying electronic goods can happen because I believe the adoption of Bitcoin in the future will increase so we can take advantage of bitcoin not only because of profit but other ways that are easier to use in any transaction.
Basically want the asset to be higher, but if both can apply maybe that's the real benefit of Bitcoin in the future.

There is always hope for the future let this be the difference between others, while we focus on collecting Bitcoin now while it's cheap, maybe that's what I always say at the beginning and at the end we can use what we want.

All uses in Bitcoin have been felt by many people, including gambling with Bitcoin, it is increasing more sharply, spending is often used for other purposes, trading is often done every day by people, the goal is for daily profits so the goal in HODLing in Bitcoin has many variations, not just holding it but more other desired goals or more ideals,

I never said you, or anyone else, is "wrong". I was merely point out an opinion that whether we are HODLing for long-term, trading, spending, or gambling through Bitcoin, we are already participating in the utilization of a censorship-resistant cryptocurrency, whose underlying nature, or one of them, is to weaken political strongholds. The more of us who participate in Bitcoin, whatever the goals, will be worse for them and their goals.

Well?  Fair enough if you have a different way of articulating what you are doing and what are your goals in respect to why you are somewhat focused on building your bitcoin stash and not buying and selling and trading your bitcoin stash - rather than having a bitcoin accumulation approach.  

I do believe that building bitcoin is about building wealth and about investing and about figuring out what is going to be your allocation in order to help yourself in the future in order that you are likely to have more options in terms of financial vehicles that you are holding and able to view.

We do not just get to some magical future, because bitcoin has already historically added a whole hell of a lot of value and options to people who have been able to figure out ways to use it to empower themselves.

Sure it is true that bitcoin has some limits in terms of ways that it might be liquid and some of the interfaces in exchanging it are still difficult, and subject to possible controls that are not caused by bitcoin, but likely instead a part of the uncertainties of the transition process and the various ways that controls might be attempted to be asserted over bitcoin.

People can have differing views about why they are in bitcoin presently and what they believe the future value of bitcoin will be for themselves for others and/or on a societal level, so I will take back any assertion that I might have made on behalf of the thread's purpose if you believe that I might have stated it wrong in regards to what people might perceive themselves to be building when they are building their bitcoin stash .. and I think the main point that I was attempting to rebutt in my earlier post was in regard to those ideas of BTC portfolio management that perceive buying low and selling high which may not even be about BTC but instead about trying to build dollar wealth, and you do seem to believe that you are building your bitcoin stash for differing purposes than the ways that I had expressed them, and I would not even proclaim that you are wrong because bitcoin can involve a wide variety of motives at the same time that include building wealth, and hedging and building options and responding to the various problems that exist in current fiat systems.

I would think that folks who are not focusing on always holding some bitcoin, and even trading large portions of their bitcoin stash in order to accumulate more bitcoin or more cash, may also be viewing their approach to bitcoin differently and may even have good chances of holding a wide variety of reasons why they are trading their bitcoin and perhaps even some ambivalence regarding which assets they want to try to hold and accumulate and the reasons that they are doing it.. are those reasons short term or long term and where are they holding their shorter term value and their long term value can have a lot of variance between individuals, too.

It's not only about "building wealth" anymore when it's about Bitcoin. It's about adopting a new technology that gives us some power back, to be as sovereign individuals. The financial system has been used against us that HODLing is not about "investment" anymore. It's about freedom, revolt, and through cryptography, it's the leveling of the playing-field. The Cypherpunk Movement would never have existed if the cabal that rules over us are benevolent.

I am with you on this, the season of the major sell on Bitcoin is over as 2022 is concerned, focuses are being shifted to the bullish trend. Bitcoin had suffered enough since 2021, it might now be the time it starts buying without looking down for long as it seems bottomed already for the year at $17625.00 (June low). More buyers are now seen at lower prices, which might be a very good sign of recovery in full strength. Therefore, BUY and HODL at current levels is a good investment.

We are not talking about selling here..

We are talking about establishing yourself in a good long term position and to keep on building.. Many folks might take 30 to 40 years or longer to build their wealth and their investment portfolio, and some of them never even reach a solid investment portfolio, even after 30-40 years of building.

It seems to that bitcoin has the potential to put people into a lot better position 30-to 40 years down the road, and possibly even a lot less than that, and how long it takes to reach a comfortable status is going to have a lot of individual variation.. and selling at the old ATH is not necessarily a good strategy to the extent that it is even relevant to this topic at all.  Personally, I am not opposed to shaving off small amounts of BTC on the way up as the BTC price rises and as a kind of insurance in case the BTC price falls, but if we start to talk about selling large portion of our BTC as a strategy to buy back lower, then it seems to me that we are getting way off of the underlying building of your BTC portfolio ideas of this thread.  Don't get greedy, and don't try to do too many things at once, and don't deviate too far from the topic of this thread with ideas of selling anything substantial in your stash in any kind of premature status... which already has been a common practice in bitcoin, even though bitcoin is only just approaching 14 years in age.