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Topic: Buy the DIP, and HODL! - page 62. (Read 110403 times)

hero member
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Leading Crypto Sports Betting & Casino Platform
July 25, 2024, 11:03:48 PM
Investing in Bitcoin is not risk free especially to investors who do not  invest appropriately with the right approach and strategy,  and also not sticking to their investment plans (long-term).
I disagree with your statement partly because long term investing is not risk free. Investing in Bitcoin or other coins certainly involves risk. If you are a professional investor then you are used to taking risks as the price of any currency is not always the same and fluctuates constantly.
I don't seem to see what you disagree about here, you guys are practically saying the same thing and that is the right mindset any reasonable investment should take to the market instead of believing the market is cheap to the point that it's risk-free simply because they are either experienced or investing with the long-term strategy. No strategy doesn't carry its own weight of risk, the only difference is that one is lesser than the other. Still, our preparedness matters here as nothing will shift easily if we do not exert the needed force and be wise in doing it.

Also, Investments are tougher in other assets I've known, but with Bitcoin and a few other altcoins, they are cheap, which is an advantage. With a little learning, one can start managerially, which is why I encourage everyone to always go for them and override the little risk involved with a bold mind and the right managerial calculations.
I will disagree with on this, are you trying to tell us to buy altcoins because they are cheap, I don't see any advantage that altcoins have because they don't last long in the market and they are like gambling. Newbies can be misled with your statement because of the way that you categorize bitcoin with altcoins. Investing in shitcoin is a very BIG risk.
Many of you guys here are hopeless, especially where @JayJuanGee often replies, perhaps you don't read but just reply or you want JayJuanGee to read what he likes so that he will continue to fetch you merits as usual. Unfortunately, he is falling for the bait not knowing that almost all of you are faking it, you only know his weakness for giving merits. If someone like you is investigated, one would be surprised that you have a huge arsenal of altcoins in your investment portfolio but you talked as if it was nothing to you, who is deceiving who? Well, that's your headache.

What baffled me most is that I was even so silent about altcoins and used "Bitcoin or altcoins" as investment opportunities but you emphasised it as if it was a big deal. You guys are really pathetic to think Bitcoin can survive in isolation, as if it's the only investment opportunity in the world. Anywhere altcoins, fiats, gold, etc are mentioned, you fake it and attack. How gullible are you to underrate the wisdom of investment diversification. I better waste my time on those who understand investment and not fake extremism like you.
full member
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★Bitvest.io★ Play Plinko or Invest!
July 25, 2024, 10:23:21 PM
I agree with you. There has never been a point where x amount invested in Bitcoin is pointless. Whether $10, $100, or even thousands of dollars invested all still counts. It is a game of accumulation. No successful investor was able to achieve a good portfolio by buying Bitcoin once. And most of them did not start buying with a huge amount. They started with whatever they had then and now their portfolio looks good for the long term.

Any amount is ok as long as you purchase in such a way that network or gas fees are cheap and enough to cover your expenses. We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end.
Every amount of Bitcoin that we collect will of course be very meaningful for us to invest until we can get profit from what we invest and maybe only some people can accumulate Bitcoin in amount but starting with any amount we have as you said is also very good and we will be able to get profit from what we have invested when the price increases later and I really agree with you that we don't need to compare the steps we take with those taken by others of course this will make it difficult for us when trying to accumulate Bitcoin and we must be able to focus on what we do and of course we continue to do it consistently in order to get good results from what we have invested.
legendary
Activity: 2758
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July 25, 2024, 08:29:02 PM
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.

Actually there's a news regarding reimbursement of Mt.gox to its creditor and this is pointed out the reason of the dump happening lately.

There's article article posted about this https://cointelegraph.com/news/why-is-bitcoin-price-down-today

But eventhough with those cases happening bitcoin manage to climbing at $66k as of this writing so that means even if there's negative news to spread people now are not affected much on that news circulating and people always think about bullish that's why bitcoin easily recovers.

All time high possibly would happen soon and hopefully we could able to see it reach at $100,000 on the timeline you said or if not maybe in next following month next year.
full member
Activity: 182
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July 25, 2024, 08:22:13 PM
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I sincerely agree with you because I have seen the power of little actions done repeatedly and that is how big things are built. This can also be applied to bitcoin and this even make it easier and stress-free. The example of $50 per month which you use might seem very small but when this is done over several years, that is real wealth that is being created and might even be the highest saving the investor would have made.

When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.
This is right, waiting should not be considered as it’s an obstacle or rather a denial from accumulating bitcoin. For example let’s think beyond the example set, every investor is expected to invest with what’s available (discretionary income) so at that moment it might sound as little to someone else but the investor in question should continue investing, from my understanding there’s nothing little as long as the person is satisfied using such amount and continue accumulating using dca. 7 or 10 years is not an issue an investor can always surpass their target in essence continue investing just because you feel bitcoin investment is safe , I observed investors who invested earlier are lucky but it’ll be best newbies meeting the price now shouldn’t be discourage as most times people will wish they had invested earlier, it’s never too late not minding the amount set to start and it’s obvious a good management and cash flow will help.
hero member
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DGbet.fun - Crypto Sportsbook
July 25, 2024, 07:06:38 PM
The best time to do it was always in the past and not in the present. However, we cannot go back in time and so we have to deal with the present and before another regret comes, do it presently so that not another opportunity will be missed.

The key to investing is to start early, so if someone has the opportunity to invest now, then he should invest now. There is no need to buy in large amounts, with accumulation or DCA one can build their investment portfolio slowly while setting goals for how long they hold it.

Because if someone delays investing now, then they might miss the opportunity to get bitcoin at a cheaper price and the opportunity to get potential profits more quickly. If you are still in doubt, do accumulation or DCA, because it is the most appropriate method for people who want to start but are still learning.
You're right.

Those that sees the buying time while they can has to act on it now. Because if they don't, they're wasting the opportunity and soon they'd see how the price for Bitcoin will be more than it is compared to the time that they're seeing it quite lower.

Each of us has the ability to set up strong cashflow management practices that allow us to strengthen our emotional reactions, so the better kinds of cashflow management practices that we have that are balanced with our bitcoin investment strategy, whether DCA, buying dips and/or lump sum, then the more likely that we will keep our emotions in check.. and yeah, it might take a while to build the skills, practices and application, so the newbies might have more tendencies to want to panic while they are still building, so they should be attempting to build and buttress their systems to lessen the likelihood that they will panic because either they are continuing to buy or they are holding or they are doing some kind of a practice that helps them to couple some of their actions in with their beliefs in bitcoin being a good place to put some of their extra money and if they don't have extra money, they might have to hold from time to time until they are able to generate some extra money to buy more... especially if they are in their accumulation stages, then the main thing is just buying regularly but also having some reserve funds so there is not any kind of sense of panic that sets in merely because the BTC price moves a lot in one direction or another.
I agree, the importance of having a reserve fund while continually buying Bitcoin should be considered not just by the newbies but all of us.

As we invest in Bitcoin, it should play the purpose of why we've bought it and we don't have to pull it asap when we're in need. That's the reason why we need to have extra funds or just invest extra to Bitcoin.

So, in unexpected times that we need to have some money, we're not going to spend our holdings for it and at the same time when dip comes, no one will panic.
full member
Activity: 266
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July 25, 2024, 06:36:56 PM
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I agree with you. There has never been a point where x amount invested in Bitcoin is pointless. Whether $10, $100, or even thousands of dollars invested all still counts. It is a game of accumulation. No successful investor was able to achieve a good portfolio by buying Bitcoin once. And most of them did not start buying with a huge amount. They started with whatever they had then and now their portfolio looks good for the long term.

Any amount is ok as long as you purchase in such a way that network or gas fees are cheap and enough to cover your expenses. We should not compare one step to another man's step. The financial capabilities are different yet it shouldn't be an excuse that one should fantasize about buying Bitcoin and not doing that at the end.
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Keep Promises !
July 25, 2024, 06:22:33 PM
[Edited Out]

Apart from having to say something more specific so as not to confuse the beginners here by directly mentioning the word Bitcoin, everyone here also has to consider crypto as a very general thing so it doesn't seem suitable to be mentioned in the ongoing discussion here because Bitcoin is always different from others. other.
can't really grasp what you're trying to say but the discussion ain't for the Crypto  discussion... Don't know why it was grouped with those craps in the first place, it should have stand alone Cool.
IMO there's Bitcoin, the rest scraps either shitcoin or not there's nothing to discuss about them actually on this thread Smiley


Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
very possible with more momentum been gathered to push harder... it quite promising at the moment  Cool
hero member
Activity: 2058
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July 25, 2024, 04:57:06 PM
Fuck the word Crypto, this is not a thread to be talking about about crypto it can be very misleading and also passing an unrealistic information to newbies here and so be careful so you won't get them confused for it would have been better you call Bitcoin for Bitcoin and shitcoin for shitcoin to be more specific for better understanding to newbies rather than calling crypto as it addresses the entire Crypto market.

Apart from having to say something more specific so as not to confuse the beginners here by directly mentioning the word Bitcoin, everyone here also has to consider crypto as a very general thing so it doesn't seem suitable to be mentioned in the ongoing discussion here because Bitcoin is always different from others. other. And I think what you suggest is also more suitable for everyone to understand so that there are no more mistakes in using words that will direct understanding to Bitcoin because Bitcoin must be mentioned more clearly and separately from any shitcoin.
hero member
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July 25, 2024, 04:25:05 PM
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
Even though it's just a prediction or could happen or be achieved, I'm definitely still enthusiastic about continuing to hold bitcoin. Appropriately enough, I've seen a lot of threads about $100k in the year and hope it happens before we enter the new year. Just a small shake and perhaps this is an opportunity to continue accumulating before we see the rate reverse turn green and pass the ATH.

As for this situation, of course there are many who can take the opportunity to be lump sum or aggressive, which of course is an opportunity that must be taken advantage of. Going down or up is normal but an increase in btc holdings in a portfolio is extraordinary and it is a way to maximize the opportunity in a downturn to continue buying.
full member
Activity: 504
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July 25, 2024, 02:23:00 PM
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.

Lol we all are hoping for the best , well I still take this delay as a blessing or opportunity to gather more as the price is still 5 digit , because bitcoin going to the range of 6 digit soon either this year or the next year either ways bitcoin still gonna surge and go beyond thev$100k. Bitcoin has literally spend alot of time in this range of $60k , and I believe bitcoin is gathering enough strength for the main bull run. So is up to us to keep accumulating and holding and let bitcoin do it's thing.
legendary
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July 25, 2024, 02:09:17 PM
Price currently just sitting over $65,000. I don’t really see any bearish news on the horizon at the moment. Everything is bullish, I really hope everything is aligning for a serious surge upwards soon. It’s been a while since I felt euphoric about the price.

All time high again soon with a proper pump towards close to $100,000 before New Year seems possible.
full member
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Better days are close
July 25, 2024, 01:32:27 PM
To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

That's right, whether you've been involved for a long time or are new, you still have to have a strategy, even if you or someone else who has been involved in the BTC world for a long time definitely has a strategy. I read and learned a lot of new things when I entered this thread, although I rarely comment, but listening is not a bad thing. I often read the comments on this thread because here I think I can find new lessons and insights about BTC.

Of course, getting a strategy that feels right takes time, I myself am currently studying the DCA strategy which is talked about quite a lot. This is interesting because I think everyone can do this strategy, even beginners, but there are many factors and aspects that must be considered so that everything goes well.

That positive mindset is being disrupted when you're less experienced. And this happens to many investors that whenever a few falls happen, they all panic.

But an investor that has enough experience of buying the dip and holding for so long, there's no inch of movement to their emotions happen and that's why holding firm has been an easy action for them.

Of course, to invest, you need sufficient knowledge because if you lack knowledge, the investment you make may lead to more losses. Of course, everyone doesn't want to experience losses, so if you really want to invest, you must have sufficient and good knowledge first. I myself am looking for learning. Just from this thread I think I can take some lessons from the many comments there are. Even though we may occasionally have to be brave enough to take risks, if there is a lesson that can be understood to minimize the risk then it is better to learn it, after all it won't result in a loss either.

Restraining myself is not an easy thing, I still can't control my patience very well, I'm still preparing myself to be more ready to do everything.


To have knowledge is good before going into anything be it business, investment etc but you sound more like someone who's talking about trading because I don't understand what loss you are talking about I mean the place you will be talking about loss is trading not investment when you invest, everything is safe and intact provided your wallet seed phrase is safe again you don't need to know everything about crypto before you can be able to invest perhaps there are basic things one ought to know to be able to invest and in order for your investment to yield good profit you have to be patient and discipline and the best way to invest is using the DCA method.

Fuck the word Crypto, this is not a thread to be talking about crypto it can be very misleading and also passing an unrealistic information to newbies here and so be careful so you won't get them confused for it would have been better you call Bitcoin for Bitcoin and shitcoin for shitcoin to be more specific for better understanding to newbies rather than calling crypto as it addresses the entire Crypto market.
member
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July 25, 2024, 01:26:39 PM
yes, I am a beginner who uses the DCA strategy to accumulate bitcoin which I am targeting for long-term investment, here I use the DCA strategy instead of other strategies because this strategy is easy to implement, and for me DCA provides a solution to investors like me who only rely on my monthly salary to be able to feel the benefits of investing in bitcoin, I just think simply, I allocate part of my monthly salary to invest in bitcoin, the same as me saving my money for the future that I plan, I don't really look at market developments, this will slow down my investing due to panic and that can mess with my thinking.
DCA investment strategy will definitely make your long term investment easier. If people who invest but do not know about DCA investment strategy are discussed about this investment strategy then they will definitely invest in this strategy excluding all investment strategies. DCA investment method is a simple and effective investment strategy. Investors do not need sufficient amount of money to invest in this strategy but if that investor has the ability to invest a certain amount of money regularly.

If you are a new investor then surely this investment strategy will work for you. You just continue to invest in this strategy consistently and at some point you will realize for yourself how positive this strategy has been for you. When you look at your total investment after a long period of time, you will be amazed at how much you have invested even with small investments.

Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I agree with your strategy for depositing Bitcoins. Also depositing Bitcoins in the DCA method consists of buying at various prices until a desired point is reached. If you increase the buy during the bearish period, the bitcoin stash will accumulate to a greater extent. This can be a breakthrough way for small investors to accumulate Bitcoins as Bitcoins are accumulated from a portion of income every month that grows over time. It is normal to have obstacles in every field but it can be more pronounced in case of investment, in this case it is important to have cash fund for emergency needs. Another thing you should keep in mind is that real assets should be preferred so that you can continue your deposits for a long time and eventually own a huge bitcoin stash.
sr. member
Activity: 448
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July 25, 2024, 01:10:26 PM
Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
I sincerely agree with you because I have seen the power of little actions done repeatedly and that is how big things are built. This can also be applied to bitcoin and this even make it easier and stress-free. The example of $50 per month which you use might seem very small but when this is done over several years, that is real wealth that is being created and might even be the highest saving the investor would have made.

When I checked my investment wallet in blockchair explorer, I realized that those little investment I made when bitcoin was below $30k have all become big now. Then I was able to get a good fraction of bitcoin, far more than I am getting now in my DCA for the same dollar amount. Assuming I said let me keep the money or wait until I have big amount of money to invest in bitcoin, I would have been spending X2.4 to get the same quantity I have now. This is really an eye opening for me and I can only tell anyone to buy with any amount they have and never feel the money is too small. Those small money when invested consistently can become something significant.
member
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July 25, 2024, 12:38:20 PM

[edited out]
In two or three decades, there will probably two different types of investors and it will be obvious merely by looking at their portfolio,

- Those who bought the DIP/DCA and who HODLs Bitcoin
- Those who have dismissed Bitcoin entirely, and it's performing relatively poorly for it

¯\_(ツ)_/¯

I get your idea and I agree with the overall idea that there are those who get it (and are focusing on BTC accumulation and holding) and those who are lacking focus or failing/refusing to have any clue about the value of accumulating bitcoin (or the disvalue when they don't).

Yet, there are likely going to be variations of those two extremes in terms of potentially when a low coiner/no coiner finally gets bitcoin and what s/he finally does about it when s/he gets it... .. so yeah, the issue is ongoing in terms of when a person starts to accumulate.. which seems to be why a lot of us regular members might disagree regarding some of the BTC accumulation strategies, yet we still tend to agree that the sooner that low coiners / no coiners get started, the better off that they are likely going to be (or perhaps the more that they will be able to mitigate damages from their time as no coiner, low coiner and/or pre-coiner).


But there will be those people who will be at one point of the extreme that holds no Bitcoin. Out of the eight billion people in the world right now, how many of us are actually accumulating/having a desire/interest in learning about Bitcoin? I believe that in two or three decades that line will be clear. Bitcoin is not perfect, but it will get bigger and BIGGER. Front run everyone now, worry about it later. Bitcoin is a breakthrough, like the invention of the telephone or something as ground-breaking as air travel.


Yes, a lot of people are currently close to that extreme of having nothing left in their portfolio because the center of attraction has been drawn from growing and advancing portfolio to the sudden amount of profits we can make from investing.


I'm confused, nothing left in their portfolio? Can you explain further?

I may be wrong from the general stats but within as I have seen, i see investors who are already beginning to get carried away by the current price value of their Bitcoin compared to how much they had bought, seeing the profits on top creates this urge for them to sell. I speak with some few persons who have been with, and what they say is holding Bitcoin for that long doesn't guarantee them to get huge profits as merely holding little portions and also going through the long DIP is not likely what they would prefer, so they choose to rather sell as soon they get a bit of profits.
It's understandable when investors feel the temptation to sell when bitcoin price rises, but the question is have they accumulated bitcoin to a satisfactory target?, Is that their aim when investing?. That should be to priority of an investor in Bitcoin investment than to be tempted with smaller gains because of price increase yield a little benfit to what was invested. It important to accumulate bitcoin to a satisfactory target and Holding for the long-term and also having patience on the market dips can lead to significant rewards or profits. Many persons doesn't really have that holding patience  but it is the key to bigger profit. It's crucial to have a source of income when investing in Bitcoin in other not to be tempted to sell  when their is a surge in bitcoin price when you haven't accumulated enough. Investors should discipline their self not to be persuaded with the urge of selling when your aims and target are not met.
full member
Activity: 266
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July 25, 2024, 12:23:26 PM
yes, I am a beginner who uses the DCA strategy to accumulate bitcoin which I am targeting for long-term investment, here I use the DCA strategy instead of other strategies because this strategy is easy to implement, and for me DCA provides a solution to investors like me who only rely on my monthly salary to be able to feel the benefits of investing in bitcoin, I just think simply, I allocate part of my monthly salary to invest in bitcoin, the same as me saving my money for the future that I plan, I don't really look at market developments, this will slow down my investing due to panic and that can mess with my thinking.
DCA investment strategy will definitely make your long term investment easier. If people who invest but do not know about DCA investment strategy are discussed about this investment strategy then they will definitely invest in this strategy excluding all investment strategies. DCA investment method is a simple and effective investment strategy. Investors do not need sufficient amount of money to invest in this strategy but if that investor has the ability to invest a certain amount of money regularly.

If you are a new investor then surely this investment strategy will work for you. You just continue to invest in this strategy consistently and at some point you will realize for yourself how positive this strategy has been for you. When you look at your total investment after a long period of time, you will be amazed at how much you have invested even with small investments.

Yeah I completely agree with you, as it takes fewer and fewer of Bitcoin to build a good size up to a reasonable amount, just as the saying that a thousands drops of water can make an ocean so is the effects of the dac strategy, most importantly consistency should be an imperative as regards to working towards achieving a good size of Bitcoin, the DCA strategy has tremendous benefits the reason why it dominates the thread, it gives room for the inexperienced to be in the market on time without attempting to gain much of the knowledge before entering the market, the DCA strategy is a strategy I personally call the super strategy as it can be use by any categories of investor.
We should always keep our goals high and never get discouraged. Maybe before starting investment we can think that if I invest 20 dollars every week or 50 dollars every month then my investment amount will not be much at the end of the year. I would say to all these investors that no amount of investment is small. If you can invest 50 dollars every month then at the end of the year your investment amount will be 600 dollars and if you keep this investment for five years or seven years then calculate once how much your total investment amount will be at the end of these five years or seven years. We always have to think big and plan accordingly and try to execute the plan. There may be many hurdles in long term investing but those who overcome those hurdles and maintain their investment consistency are the true investors.
sr. member
Activity: 224
Merit: 195
July 25, 2024, 10:56:18 AM

[edited out]
In two or three decades, there will probably two different types of investors and it will be obvious merely by looking at their portfolio,

- Those who bought the DIP/DCA and who HODLs Bitcoin
- Those who have dismissed Bitcoin entirely, and it's performing relatively poorly for it

¯\_(ツ)_/¯

I get your idea and I agree with the overall idea that there are those who get it (and are focusing on BTC accumulation and holding) and those who are lacking focus or failing/refusing to have any clue about the value of accumulating bitcoin (or the disvalue when they don't).

Yet, there are likely going to be variations of those two extremes in terms of potentially when a low coiner/no coiner finally gets bitcoin and what s/he finally does about it when s/he gets it... .. so yeah, the issue is ongoing in terms of when a person starts to accumulate.. which seems to be why a lot of us regular members might disagree regarding some of the BTC accumulation strategies, yet we still tend to agree that the sooner that low coiners / no coiners get started, the better off that they are likely going to be (or perhaps the more that they will be able to mitigate damages from their time as no coiner, low coiner and/or pre-coiner).


But there will be those people who will be at one point of the extreme that holds no Bitcoin. Out of the eight billion people in the world right now, how many of us are actually accumulating/having a desire/interest in learning about Bitcoin? I believe that in two or three decades that line will be clear. Bitcoin is not perfect, but it will get bigger and BIGGER. Front run everyone now, worry about it later. Bitcoin is a breakthrough, like the invention of the telephone or something as ground-breaking as air travel.


Yes, a lot of people are currently close to that extreme of having nothing left in their portfolio because the center of attraction has been drawn from growing and advancing portfolio to the sudden amount of profits we can make from investing.


I'm confused, nothing left in their portfolio? Can you explain further?

I may be wrong from the general stats but within as I have seen, i see investors who are already beginning to get carried away by the current price value of their Bitcoin compared to how much they had bought, seeing the profits on top creates this urge for them to sell. I speak with some few persons who have been with, and what they say is holding Bitcoin for that long doesn't guarantee them to get huge profits as merely holding little portions and also going through the long DIP is not likely what they would prefer, so they choose to rather sell as soon they get a bit of profits.

The best time to do it was always in the past and not in the present. However, we cannot go back in time and so we have to deal with the present and before another regret comes, do it presently so that not another opportunity will be missed.

The key to investing is to start early, so if someone has the opportunity to invest now, then he should invest now. There is no need to buy in large amounts, with accumulation or DCA one can build their investment portfolio slowly while setting goals for how long they hold it.

Because if someone delays investing now, then they might miss the opportunity to get bitcoin at a cheaper price and the opportunity to get potential profits more quickly. If you are still in doubt, do accumulation or DCA, because it is the most appropriate method for people who want to start but are still learning.
Everything relies on personal budget, it begins with the mindset of wanting to invest but at last ends up to whether being prominent to afford living necessities before delving into accumulating Bitcoin. No haste in investing, profits in Bitcoin can only be delayed but not be denied, so the timing if investing early should be on the income and how good he/she can cope even while DCAING with that little amount.
full member
Activity: 266
Merit: 187
July 25, 2024, 10:16:32 AM
To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

That's right, whether you've been involved for a long time or are new, you still have to have a strategy, even if you or someone else who has been involved in the BTC world for a long time definitely has a strategy. I read and learned a lot of new things when I entered this thread, although I rarely comment, but listening is not a bad thing. I often read the comments on this thread because here I think I can find new lessons and insights about BTC.

Of course, getting a strategy that feels right takes time, I myself am currently studying the DCA strategy which is talked about quite a lot. This is interesting because I think everyone can do this strategy, even beginners, but there are many factors and aspects that must be considered so that everything goes well.

That positive mindset is being disrupted when you're less experienced. And this happens to many investors that whenever a few falls happen, they all panic.

But an investor that has enough experience of buying the dip and holding for so long, there's no inch of movement to their emotions happen and that's why holding firm has been an easy action for them.

Of course, to invest, you need sufficient knowledge because if you lack knowledge, the investment you make may lead to more losses. Of course, everyone doesn't want to experience losses, so if you really want to invest, you must have sufficient and good knowledge first. I myself am looking for learning. Just from this thread I think I can take some lessons from the many comments there are. Even though we may occasionally have to be brave enough to take risks, if there is a lesson that can be understood to minimize the risk then it is better to learn it, after all it won't result in a loss either.

Restraining myself is not an easy thing, I still can't control my patience very well, I'm still preparing myself to be more ready to do everything.


To have knowledge is good before going into anything be it business, investment etc but you sound more like someone who's talking about trading because I don't understand what loss you are talking about I mean the place you will be talking about loss is trading not investment when you invest, everything is safe and intact provided your wallet seed phrase is safe again you don't need to know everything about crypto before you can be able to invest perhaps there are basic things one ought to know to be able to invest and in order for your investment to yield good profit you have to be patient and discipline and the best way to invest is using the DCA method.


It is Bitcoin discussion thread such that making use of the term crypto as you just did in your explanation seems to be very off hence your are meant to say Bitcoin instead using the term crypto since a newbie coming to the thread might not really understand that it is Bitcoin you are talking about, it would be better for you to be specific as not to pass misleading information in your subsequent posting. Specifically, it is Bitcoin investment that doesn't require anyone having much of the knowledge before entering the market such that the basics becomes essential while you learn more on your way up which is the one of the benefits of the DCA strategy.
sr. member
Activity: 434
Merit: 253
July 25, 2024, 10:07:11 AM
Of course, to invest, you need sufficient knowledge because if you lack knowledge, the investment you make may lead to more losses. Of course, everyone doesn't want to experience losses, so if you really want to invest, you must have sufficient and good knowledge first. I myself am looking for learning. Just from this thread I think I can take some lessons from the many comments there are. Even though we may occasionally have to be brave enough to take risks, if there is a lesson that can be understood to minimize the risk then it is better to learn it, after all it won't result in a loss either.
Knowledge is good for investing in Bitcoin but beyond knowledge of Bitcoin and the underlying technology, one need to apply discipline and strategy to ensure that the investment is properly nurtured. If you really only on the knowledge of price movement, you will turn out to be a trader rather than an investor. As you know, trading is what require those highly technical and fundamental knowledge to make profits. As you know, this come with very high risk that one must be prepared to shoulder.

Restraining myself is not an easy thing, I still can't control my patience very well, I'm still preparing myself to be more ready to do everything.
If you are still facing these challenges, I will recommend you change your approach. I was in this stage before and leaning about the DCA method and other minor variations was what helped me. Now any fund I receive, the first thing I do is to set aside funds for my basic needs such as food, shelter, utilities and others, thereafter I will also keep some money aside as just for anything I did not plan for which might come up. My investment amount is usually calculated after I have settled these two items, this method help me not to sell my Bitcoin for any reason as the plan is to hold for a very long time.

If you employ this method of DCA and the adjustments I explained which I learnt from this forum, I'm sure you will have similar result which is a situation whereby you no longer panic or feel any FOMO instead you will feel relaxed irrespective of the market price.
legendary
Activity: 2898
Merit: 1823
July 25, 2024, 10:05:03 AM

[edited out]
In two or three decades, there will probably two different types of investors and it will be obvious merely by looking at their portfolio,

- Those who bought the DIP/DCA and who HODLs Bitcoin
- Those who have dismissed Bitcoin entirely, and it's performing relatively poorly for it

¯\_(ツ)_/¯

I get your idea and I agree with the overall idea that there are those who get it (and are focusing on BTC accumulation and holding) and those who are lacking focus or failing/refusing to have any clue about the value of accumulating bitcoin (or the disvalue when they don't).

Yet, there are likely going to be variations of those two extremes in terms of potentially when a low coiner/no coiner finally gets bitcoin and what s/he finally does about it when s/he gets it... .. so yeah, the issue is ongoing in terms of when a person starts to accumulate.. which seems to be why a lot of us regular members might disagree regarding some of the BTC accumulation strategies, yet we still tend to agree that the sooner that low coiners / no coiners get started, the better off that they are likely going to be (or perhaps the more that they will be able to mitigate damages from their time as no coiner, low coiner and/or pre-coiner).


But there will be those people who will be at one point of the extreme that holds no Bitcoin. Out of the eight billion people in the world right now, how many of us are actually accumulating/having a desire/interest in learning about Bitcoin? I believe that in two or three decades that line will be clear. Bitcoin is not perfect, but it will get bigger and BIGGER. Front run everyone now, worry about it later. Bitcoin is a breakthrough, like the invention of the telephone or something as ground-breaking as air travel.


Yes, a lot of people are currently close to that extreme of having nothing left in their portfolio because the center of attraction has been drawn from growing and advancing portfolio to the sudden amount of profits we can make from investing.


I'm confused, nothing left in their portfolio? Can you explain further?

Quote

People no longer admire Bitcoin as a long term investment, months into funding portfolio many users are already having that aura to sell, nothing they find impactful during the process only ending in a buy and sell options, no longevity.


I believe not ser. There's probably a small percentage of people that no longer like Bitcoin as a long term investment, but the HODL waves show that there are more people that are currently holding their Bitcoin for more than six months than the people who are holding them for less than six months.

https://unchained.com/hodlwaves
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