Pages:
Author

Topic: Buy the DIP, and HODL! - page 65. (Read 138987 times)

sr. member
Activity: 840
Merit: 377
November 29, 2024, 08:36:53 AM
There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.
That's right, DCA is a very good technique and also very easy to apply directly to assets like bitcoin. I think by using this technique bitcoin investors will feel calmer and less curious about the price. Because basically investing in bitcoin using the DCA technique doesn't need to be focused on price, but the point is on the amount of bitcoin we can have. Because we need to remember, if someone invests in bitcoin and that person always feels worried or excessively anxious about the price of bitcoin, in my opinion it can be said that that person still has the mentality of a trader and not an investor. Because a real bitcoin investor will definitely continue to focus on the number of bitcoins they earn and the price will be the second priority. But even so, everyone has their own way of responding to the question of investing in bitcoin. And I think that's what a real bitcoin investor is like.
full member
Activity: 462
Merit: 136
EVO.io
November 29, 2024, 08:15:16 AM

The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time.  

Why are you losing confidence in yourself, Bitcoin investment is the only reliable one, look at 2010, those who have invested have created huge wealth mountains so far. So why are you not able to strengthen your confidence in Bitcoin investment, then new Bitcoin investors will panic. If you invest in Bitcoin at any time, your investment will be successful but you have to hold it for a long time, never think about getting benefits until your long-term investment plan is over.
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.
The market movement will not always follow the rules of the chart but if an investor has a good understanding of the charts then it will be a much easier matter for that person to invest later and hold the investment. There are many investors in this trade who share their investment success stories and many stories are that they started investing with wrong ideas but when they got into investing their ideas about investing changed completely. There are some investors who think they can make a profit by buying Bitcoin with money and selling it after a few days, but when they put it into practice, it turns out that investing is not as easy as they thought. Before investing, the investor must know about the investment, have a good understanding of the market and always be ready to take risks. And it's hard for an investor to pull it all together, but those who can succeed.



you are actually correct, the charts are often used to analyze market trends, but they are not foolproof, and market movements can be unpredictable. Many investors start with misconceptions or simplistic ideas about investing. For example, some might think they can make quick profits by buying Bitcoin and selling it after a few days just like you said but However, as they gain more experience, their perspective on investing often changes. They realize that successful investing requires more knowledge and strategy (patient, discipline etc) than initially expected. most people do not know that Investing is not as simple as it may seem, especially in volatile market like Bitcoin, While some may initially think they can make quick gains because of what they heard or see not knowing that it requires careful planning, risk management, and long-term thinking. Before making any investment, especially in something as volatile as Bitcoin, it's crucial for investors to understand the asset and market dynamics. Furthermore, they need to be prepared to take on risk because all investments come with the potential for loss. The key to success is balancing risk while having a clear strategy and good knowledge. It's hard for an investor to integrate all of these elements and become successful but those who can master the principles of risk, understanding the market, i do not mean technical and fundamental understanding or analysis that traders..., in my opinion investors who strategize carefully are more likely to succeed in the long term.

sr. member
Activity: 994
Merit: 314
November 29, 2024, 07:47:18 AM
By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.
Agree with the thought, there are many people who have not invested in Bitcoin even after knowing it. At some point, when Bitcoin rises, they regret from it. But they cannot start. It is not possible for those who are in such a situation to invest in Bitcoin. Those who delay in starting to invest in Bitcoin or are somehow hindered in investing will feel completely guilty about it. They will be responsible for their mistakes. But there are many investors who have not gained much knowledge about Bitcoin but when they start dreaming about fulfilling their big dreams from Bitcoin and plan to hold Bitcoin regularly, they are also able to gain good knowledge about it. The most important thing to be given to being an investor in Bitcoin is that no matter what the price of Bitcoin is, you have to increase your investment from here. You have to deposit Bitcoin at a regular rate for a long time according to your ability. If someone continues to deposit Bitcoin regularly with the faith according to their financial capacity, then they can definitely get good returns on their investment.
sr. member
Activity: 392
Merit: 277
November 29, 2024, 07:21:47 AM

I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 
even though from the explanation he has given, his finance doesn't look to strong but since he is making a saving which he hopes he will be able to continue doing for two years before starting off his bitcoin investment, if I am in his situation, i would rather start investing with the money he is saving while increasing my hustle so before the end of the two year plan he has, i should have gathered some bitcoin and before then, i should have boosted my knowledge and it will be easier for him to continue investing for the long term from that time.

truth is that you can't be too ready to start investing in bitcoin if you keep giving excuses of how financially handicapped you are. very few persons where very comfortable financially before venturing into investing. fortunate enough for bitcoin, it doesn't require you to come in with a big shot at a time, with the DCA method, the amount he has allocated for his routine saving can end up being used for purchasing bitcoin as long as he has the knowledge and opportunity to start investing.

but at the end, it's best for everyone to make his decision based on the peculiarity of his situation and if his finance is not enough to start investing and the responsibility he has on his shoulder is quite much that he can't manage investing and sorting out those responsibility, then it will be better to set the right foundation in place before considering a start in his bitcoin investment. investing ion bitcoin is not a must but if you are someone that truly wants to key in and not regret having the opportunity of investing in bitcoin at these prices in the future when bitcoin might look too expensive to come in, then its best to start even if it is with a very little amount and work out on increasing your accumulation amount with time.
hero member
Activity: 1050
Merit: 844
November 29, 2024, 04:58:22 AM
With countries adopting bitcoin as legal tender side-by-side their fiat currency it's definitely going to make all types of trading transaction seamless for everyone. But even with the barriers that may exist from the government of any country towards bitcoin, intra trading transactions can still be successfully processed and achieve among different traders from different locations provided there an already built trust that exists between the traders and they both agree to transact using bitcoin then it's a done deal whether or not bitcoin is a legal tender in that country.

It is commonplace when both parties have a wiser agreement and do not harm each other, but for now I think it would be very unfortunate if certain parties are more willing to spend Bitcoin than to keep it in a safe place and use others to support any activity. Because Bitcoin which is already quite expensive should be considered as an important asset which does not have to be spent on any transaction even though it can be done by any country at this time.

I think people who love Bitcoin more will not immediately use Bitcoin in any transaction if they can still use other tools such as fiat to do the same thing. Because everyone can use fiat to exchange it for anything as long as it is still possible for him, but if someone uses Bitcoin to exchange it for a certain item, I think that person will regret it very much when he sees the price of Bitcoin which has become more expensive in the future. So this option must be really thought out wisely before being done because throwing away fiat for something else will not be a loss, but throwing away Bitcoin just for something that can still be obtained with fiat is a very loss-making action in my opinion.
sr. member
Activity: 1022
Merit: 363
November 29, 2024, 04:08:14 AM
Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.
I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 

Base on the story share here she is ready to spend for his bitcoin investment. What I think lacking here is the confidence and knowledge about what better things to do further. Since she's still asking about what to do next on people here.

Its really her responsibility on what he want to do with her money, since he said that he can spend more since he could save a lot of money due to his work then much better for her that once he got that amount on hand then better put it immediately on bitcoin. Since if he pause and doubt then provably that feeling could stop him to invest on bitcoin. People need to know that bitcoin investment should be done now not tomorrow since to many things that can bother them. Also best advice about what thing to do especially if they think about the length of their investment is to target 4 - 10 years since this is the ideal  maturity before they can see some decent profit from bitcoin.

She got a job which I think give her a decent pay cuts that's why there's still small amount that he can spend for her bitcoin investment. Proper taking action is important and since she's in this thread where good discussion occur for sure there would be a lot of good advices he can pick up and which is helpful for his Bitcoin investment plan.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 29, 2024, 02:59:23 AM
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.
Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.
I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
November 29, 2024, 01:16:49 AM
[edited out]
Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I don't know why you are asking whether to invest or not.  That is your choice, and there are consequences whether you choose to invest or not to invest, so if you are going to invest, you have to figure out your position size. .and yeah, 2 years sounds like you are planning to trade rather than to invest.

In bitcoin, you probably should be considering putting money in for 4-10 years or longer if you are wanting to consider what you are doing to be an investment rather than a trade.

Do you have money that you can spare for 4-10 years or longer or not.  If you don't then maybe you should not be putting your money into bitcoin until you are able to figure out your discretionary money to such an extent that you know that you have extra money that you can put in.

I doubt anyone convince you what to do but yourself.

There are sure a lot of low coiners and no coiners in the world who are choosing not to invest into bitcoin, and do you want to be one of those?  Maybe you don't know and you have to figure that part out?  The longer you wait to get into bitcoin has its own issues too, so many guys can learn as they go, so you just pick your investment size and you continue to study bitcoin, whether you are able to begin with $100 per week or $10 per week or some other amount that you consider to be in your budget and you are not going to need that money for 4-10 years or longer.

By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.
member
Activity: 196
Merit: 15
November 29, 2024, 12:23:32 AM
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.
Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.
full member
Activity: 532
Merit: 229
November 28, 2024, 11:28:04 PM
There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.
Yes, DCA strategy is the best investment strategy for all types of investors, whether new or experienced. This strategy allows you to buy Bitcoin consistently over time, which avoids short-term market fluctuations and allows us to make more profit.
DCA strategy is the most profitable investment strategy, and the biggest example of this is a person named rego who has been following DCA for the past 8 years, he has already made huge profits, but even after that he will not stop investing, he even keeps his DCA investment uninterrupted. This is the power of DCA.
He has achieved real success with DCA, we can be more inspired by his success, we can focus on DCA.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 28, 2024, 10:17:18 PM
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.
Recently the President of El Salvador, Nayib Bukele, said that,
Quote
🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in Bitcoin your investment is safe and its value will grow a lot" 💯
https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19
Although I trust Bitcoin and I am a new investor. Sometimes the volatile market conditions scare me and ruin some enjoyable moments. That is why I try my best to stay away from the charts because I cannot control myself, as much as I say here that I have full confidence in Bitcoin but being a new investor, it is not easy for me to handle all the market conditions. But I am not so uncontrolled as to sell the investment, which is why I am staying in Bitcoin. Nowadays I rarely look at the charts and try to stay busy enjoying life.

You could say that looking at the charts makes you more experienced and smart about the markets, but it doesn't work for everyone. So I don't think it would be right advice to advise a newbie to focus on the charts.
There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.
sr. member
Activity: 756
Merit: 271
Get $2100 deposit bonuses & 60 FS
November 28, 2024, 06:07:18 PM
It is true that fiat cannot be replaced by Bitcoin, but it is recommended to trade Bitcoin for intra-trade transactions.

Using bitcoin for intra trade transactions can only be achieved when bitcoin has gotten full adoption globally but for now, intra trade transactions won't work except between countries that has accepted and adopted bitcoin as a legal tender such as El Salvador and Central African Republic.
With countries adopting bitcoin as legal tender side-by-side their fiat currency it's definitely going to make all types of trading transaction seamless for everyone. But even with the barriers that may exist from the government of any country towards bitcoin, intra trading transactions can still be successfully processed and achieve among different traders from different locations provided there an already built trust that exists between the traders and they both agree to transact using bitcoin then it's a done deal whether or not bitcoin is a legal tender in that country.

I think the individuals agreeing on using bitcoin for the transaction override whatever the government policies says about bitcoin as everything is going to be done with privacy.
hero member
Activity: 1358
Merit: 627
November 28, 2024, 04:54:12 PM
For an investor, being immersed in the charts creates fear and anxiety about investing. For a long-term investor, volatile market conditions can lead to panic if he cannot control himself or is a new investor. There is nothing wrong with showing the charts if you can control yourself and trust in Bitcoin even after seeing the volatile conditions. Being immersed in the market after investing can be a hindrance to enjoying life and this is a fact.

Although I trust Bitcoin and I am a new investor. Sometimes the volatile market conditions scare me and ruin some enjoyable moments. That is why I try my best to stay away from the charts because I cannot control myself, as much as I say here that I have full confidence in Bitcoin but being a new investor, it is not easy for me to handle all the market conditions. But I am not so uncontrolled as to sell the investment, which is why I am staying in Bitcoin. Nowadays I rarely look at the charts and try to stay busy enjoying life.

You could say that looking at the charts makes you more experienced and smart about the markets, but it doesn't work for everyone. So I don't think it would be right advice to advise a newbie to focus on the charts.
You should learn more about long-term investment, investment should not be afraid, should not be worried and everything should be ready with a strong mentality.

I think you are still a beginner, I say that because in the explanation you gave you are still worried even though it should not be in your mind if you want to buy bitcoin for the long term then you must be able to hold it.

Some of my input for you.

You must allocate funds that are ready to be lost, so there is no need to worry.

Buy regularly, scale starting with a low allocation level and can adjust to a greater increase each year.

Make an investment plan for a long time, for example 10 years, buy consistently with the DCA strategy.

if you can do it I think the up and down graph will not affect you anymore.
sr. member
Activity: 476
Merit: 308
November 28, 2024, 04:33:35 PM

The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time.  

Why are you losing confidence in yourself, Bitcoin investment is the only reliable one, look at 2010, those who have invested have created huge wealth mountains so far. So why are you not able to strengthen your confidence in Bitcoin investment, then new Bitcoin investors will panic. If you invest in Bitcoin at any time, your investment will be successful but you have to hold it for a long time, never think about getting benefits until your long-term investment plan is over.
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.

Recently the President of El Salvador, Nayib Bukele, said that,
Quote
🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in Bitcoin your investment is safe and its value will grow a lot" 💯
https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19
It is a cruel insight once you see those who are busy following the multitude of getting involved into Bitcoin investment, anybody who has soaked every bit of his time and understanding to deliberate with further researches concerning Bitcoin will understand the whole concept and make plans accordingly.

Looking up to historical data is a primary factor, but using charts and technical algorithms to decide on how to operate investment options will only cause failure to catch the market when required. Bitcoin should be seen differently, not a business or a quick capital multiplier, the Bitcoin market follows due process which involves purchasing, holding before deciding on when to take profits and no need for charts reading either.
hero member
Activity: 658
Merit: 562
November 28, 2024, 01:18:51 PM
For investment to be successful in a long-term plan, you need to have more fiat. You can decide the amount of fiat savings depending on your situation. But I would say, divide your income into at least three parts, from which 1 part is used for meeting daily needs, 2nd part is saved for reserve fund or emergency fund and 3rd part is used for investment. Or you can invest another 4th by dividing it into 4ths and investing in real estate, which will be your alternative source of income and you will be able to use more money to invest in Bitcoin.
It's not possible for you to divide your funds into four parts to achieve all that you mentioned above. I agree with you that you can divide your income into three parts. Your discretionary income is what can be divided into the part apart from the funds for your monthly up keep. You can use on part of your discretionary income to invest in bitcoin and keep the other in fiat for your various back up funds.

It's good that investment should be done one after the other so that you don't lose focus and get stuck on your way. Don't you think that sharing your funds into four parts and invest in bitcoin along side trying to invest in real estate will not make you build and grow one of them easily. It's better you focus on investing in bitcoin alone and go your portfolio to a certain level that you feel you have more than enough bitcoin before you can diversify to real estate.

Imagine how will a low income or average income earner invest in bitcoin and at the same time invest in real estate, it is impossible because real estate need big amount of money to start, unlike bitcoin that you can buy with an amount as low as $10 gradually every week consistent and persistent over time. It means that investor will not achieve any of these investments in the long run because he would be distracted with too many things on his little discretionary income. Currently, bitcoin investment should be our first choice and our priority because it is more profitable than any investment currently and in the future.

So I don't think it would be right advice to advise a newbie to focus on the charts.
Yea, a brand new investor shouldn't be concerned about what happens in the market but to focus on how he can build and grow his bitcoin portfolio with continue buying every week through DCA irrespective of the price of bitcoin, and keep his bitcoin journey ongoing overtime, because he is only to be buying and buying and buying.
sr. member
Activity: 490
Merit: 294
November 28, 2024, 12:13:27 PM

The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time.  

Why are you losing confidence in yourself, Bitcoin investment is the only reliable one, look at 2010, those who have invested have created huge wealth mountains so far. So why are you not able to strengthen your confidence in Bitcoin investment, then new Bitcoin investors will panic. If you invest in Bitcoin at any time, your investment will be successful but you have to hold it for a long time, never think about getting benefits until your long-term investment plan is over.
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.
The market movement will not always follow the rules of the chart but if an investor has a good understanding of the charts then it will be a much easier matter for that person to invest later and hold the investment. There are many investors in this trade who share their investment success stories and many stories are that they started investing with wrong ideas but when they got into investing their ideas about investing changed completely. There are some investors who think they can make a profit by buying Bitcoin with money and selling it after a few days, but when they put it into practice, it turns out that investing is not as easy as they thought. Before investing, the investor must know about the investment, have a good understanding of the market and always be ready to take risks. And it's hard for an investor to pull it all together, but those who can succeed.
sr. member
Activity: 616
Merit: 414
November 28, 2024, 08:38:30 AM
The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time. 

There are many challenges to be faced in holding the investment but those who overcome these challenges ultimately get good profit. Now many investors are holding on to their investments and the price of Bitcoin is now at its highest level, but those investors will now get a good amount of profit from their investment.

Yea I agree with you that some people at the onset become much afraid of what will become of their fund if they invest in Bitcoin, though it's is an individual thing but someone who's ready to invest won't be having such doubt because such an individual would have known that risk is part of investment and for you to scale through in an investment you must have considered taking risk.

Buddy in terms of having full experience I don't agree with that, one must not have full experience before he can invest, I think we need to start from somewhere and graduate to having full experience which is not also that possible, some use these things as excuse to keep procrastinating, anyone who wants to start Bitcoin investment journey needs just the basic to start first then such persons knowledge will definitely be broad if he or she continues consistently, after all the Bitcoin we are taking about is not a hidden investment, it's something some one can easily ask question about on communities to join in the internet space to learn more about Bitcoin and that's it.

Yea investment and hodling are different things all together but if we should go by the right approach of Bitcoin which is long-term, I think every investor that has a good set goal for themselves would have known that as they start the journey is to keep accumulating they litlle the can with DCA method consistently,steadily and hodl for a long-term, though there may be obstacle when one decides to hodl thats why is advisable for an investor to have discretionary income, emergency funds available and also apply a gradually process of accumulating Bitcoin to avoid presure or panic.
member
Activity: 130
Merit: 66
OrangeFren.com
November 28, 2024, 07:06:45 AM
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.
Recently the President of El Salvador, Nayib Bukele, said that,
Quote
🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in Bitcoin your investment is safe and its value will grow a lot" 💯
https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19
For an investor, being immersed in the charts creates fear and anxiety about investing. For a long-term investor, volatile market conditions can lead to panic if he cannot control himself or is a new investor. There is nothing wrong with showing the charts if you can control yourself and trust in Bitcoin even after seeing the volatile conditions. Being immersed in the market after investing can be a hindrance to enjoying life and this is a fact.

Although I trust Bitcoin and I am a new investor. Sometimes the volatile market conditions scare me and ruin some enjoyable moments. That is why I try my best to stay away from the charts because I cannot control myself, as much as I say here that I have full confidence in Bitcoin but being a new investor, it is not easy for me to handle all the market conditions. But I am not so uncontrolled as to sell the investment, which is why I am staying in Bitcoin. Nowadays I rarely look at the charts and try to stay busy enjoying life.

You could say that looking at the charts makes you more experienced and smart about the markets, but it doesn't work for everyone. So I don't think it would be right advice to advise a newbie to focus on the charts.
hero member
Activity: 630
Merit: 555
November 28, 2024, 04:52:29 AM
Recently the President of El Salvador, Naib Buckley, said that,
Quote
🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in #Bitcoin your investment is safe and its value will grow a lot" 💯
https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19
Nayib Bukele is one man that will always be remembered in history for his believe and trust in Bitcoin. His practically brought the whole country of El Salvador to Bitcoin and not only did he speak grammar, he followed it with action by investing the country's money into Bitcoin, roll out several programs and policies that support Bitcoin penetration in their country including incentivizing people to opt for payment through Bitcoin. I read that Bitcoin was even integrated into their educational curriculum and people were given tips in Bitcoin just to make them appreciate the beauty of Bitcoin. On the aspect of mining, he also played a leading role in positioning El Salvador in the mining business, therefore, he deserve to be celebrated as one of the top believers in Bitcoin. While doing the things he did, there were several criticism yet he never paid attention to them instead he focused on the goal and today he is being celebrated as the one who saw the future.

Advice from people like Nayib Bukele, who have tested what their say, should not be taken for granted. He understand the importance of holding for long and removing the worries and anxiety of staying glued to the chart. This is definitely the way to peace of mind because looking constantly at the chart might be a sign of fear or anxiety.
sr. member
Activity: 490
Merit: 365
November 28, 2024, 04:39:20 AM

The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time.  

Why are you losing confidence in yourself, Bitcoin investment is the only reliable one, look at 2010, those who have invested have created huge wealth mountains so far. So why are you not able to strengthen your confidence in Bitcoin investment, then new Bitcoin investors will panic. If you invest in Bitcoin at any time, your investment will be successful but you have to hold it for a long time, never think about getting benefits until your long-term investment plan is over.
Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.

Recently the President of El Salvador, Nayib Bukele, said that,
Quote
🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in Bitcoin your investment is safe and its value will grow a lot" 💯
https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19
Pages:
Jump to: