Topic: Buy the DIP, and HODL! - page 7. (Read 128845 times)

As I used to deposit some money regularly in the bank keeping in mind the future, I understand its importance. If I didn't have this emergency fund, I might have sold my investments a long time ago. It's not that I stopped earning, while I was earning I also needed a lot of money outside of my salary that I wouldn't have had at the time unless I had planned ahead. Those who have not made such a planned investment and who are yet to face such problems should be cautious and plan ahead to build an emergency fund in anticipation of financial needs.

If after investing the investment has to be sold before reaching the specified target then I would say it is a waste to invest all the money. 
My point is that I will invest a relatively small amount of money but the amount I invest must not sell until my target is met. If we invest all the money then it will be seen that we are not able to meet our general needs and we have to either borrow from others or sell our investments to meet those needs. Even if we borrow, we have to repay the loan sometime, it may be that we have to sell our investment to pay this loan. 
So if the investment is to be made in long term plan, then these issues must be given importance.

It is natural that investing will not make an investor a rich person quickly. If there was such assurance in investment, then the word that there is risk in investment would not have been said so much. There is risk in investing which means one must invest carefully as well as have enough patience. No investor can say that he is investing and he will surely get profit here. But yes if the investor tests his patience to the max and holds his investment for a long time then surely he will get a good amount of profit but he may have to wait for a long time.

Apart from making regular investments, if an emergency fund can be formed and if a good amount of money can be deposited in that emergency fund, then the amount of investment can be increased later on. Those who build an emergency fund will ensure that their investments are consistent and there will be no gap in their investments.

You are right, we need to have a source of income that allows us to have discretionary income however if we have a job that don't allow us to have a discretionary income we need to backup with a side hustle, some people who are working and still don't have a discretionary income is not because there salary is not good enough is because they have a bigger responsibility more than a normal human should have, they carry unnecessary responsibilities for example always sending money to there friends weekly or monthly as soon as there salary is being paid, there are some responsibility we should cut off.

I think Wonder Work knows that bitcoin is not a stable coin, but what he was trying to say is that those investors who have stable cash or stable income can easily invest in bitcoin without finding it difficult to do because their stable income will allow them to comfortably invest in bitcoin and also allow them to sort out their daily expenses anytime they arise, which will also allow them to hold their bitcoin for a long time.

As far as bitcoin investment is concerned, you need a source of income that will allow you to have discretionary income after you have sorted out your daily expenses so that you will have the money to invest in bitcoin in such a way that it will not stop you from sorting out your daily expenses, which might get you off the game partially or permanently.

Being financially buoyant will help grow your bitcoin faster because your discretionary income will be will be available and you will also be in a more better position to accumulate enough Bitcoin as you can without it affecting your personal needs, as you can see bitcoin investment is not like other businesses where you have to know more about the business before going into it if the money is available you can get started along the process you will definitely know other things to do in other to keep on growing up your bitcoin dacing will help grow your bitcoin gradually where you can be accumulating regularly either every week or month regardless of the price of bitcoin and hodl for about 4-10 and more.

It's really laughable that you are referencing to bitcoin as a stable coin. We shouldn't make use of terminologies we don't know their actual meaning, because it will make you look like an idiot when you use them wrongly especially in an open space as this. So when next you are making use of a word make sure you know the actual meaning first. Bitcoin is not a stable coin, because the prices of bitcoin are never the same. It keeps changing every minutes of the day, weeks, months and years. It moves up and down all the time.


It is true that investing in bitcoin is better than saving your money in the bank or anywhere as you have rightly stated above, but you are wrong when you said you can withdraw the invested money anytime you want. That statement is alien to the principles and teaching of this thread. You can't withdraw your money invested in bitcoin at anytime, that's why it has always been said here many times that you should invest only money you won't be needing for the next 4 years. If you withdraw your invested money anytime you want, that means you are gambling with your bitcoin and it's more like you have a trading mentality and we don't encourage that here. Your invested money in bitcoin should be allowed to stay up to a full circle, before you can think of withdrawing from it.

Each investor into bitcoin should adjust his position size according to his perceptions of risk both to the upside and to the downside. 

Bitcoin is not a stable coin, but a volatile assest.
Those who don't have discretionary income cannot invest in bitcoin, because with your little income without any discretionary income will be for your daily needs and not to invest, otherwise, you will sell your bitcoin at loss when the need for the money arises and bitcoin price is below your entry point. You can look for a second meas of income or trim down your expenses and invest in bitcoin with the funds from your second means of income or from the funds that you realized after triming down your expenses.

Stable coins are coins pegged to the value of a currency. For example USDT and USDC which are tied to the American dollar value. Bitcoin is a volatile asset and not a stable one since it's value is not dependent on any currency, but the market dynamics. You can agree with me that the price of Bitcoin continues going up and down with response to market condition, that makes it volatile and cannot be described as a stable coin.

Stable coins aren't good for investment purpose since it's neither appreciating, nor depreciating but for liquidation purposes. Although sometimes people purchase stable coins first and use them to exchange for Bitcoin on exchanges.


Contractors are better off front loading their investments since the cash doesn't come in Everytime, spreading out your investments are good, but I know contractors lifestyle, they love flexing a lot as soon as the funds are available, so the funds may be at risk of being used for something else intentionally or unintentionally since there is no steady cash flow to augment for what has been spent within a limited time. Front loading would help the contractor plan himself very well with the remaining amount left from his discretionary income for other activities.

You are wrong; having a stable income flow is one of the factors that will determine your success in bitcoin investment because it is what will help you to be consistent in accumulating bitcoin either on a weekly or monthly basis and allow you to build up your emergency funds, reserve funds, and floats, and also help you to sort out your daily expenses as you are in your accumulation stage. That friend you are talking about will not be consistent in accumulating bitcoin because he or she doesn't have a stable income to do that, and it will delay his or her bitcoin accumulation journey, and since your friend doesn't have a stable income to accumulate bitcoin consistently and invests huge amounts of money any time he or she handles a contract, which is an aggressive buy, he or she might get off the game since he or she doesn't have a stable income, and he or she is investing in bitcoin in such a way that he or she will not have enough money left to sort out his daily expenses. 

I think there is enough reason for long-term holders who have invested in this information to delay. The way you mentioned the benefit information because the price of Bitcoin has doubled, whenever such thoughts move the minds of investors, it will work in greed. Because not all investors can tolerate the greed of money, so many of those who are real Bitcoin holders may decide to sell. But we will tell everyone that only investing will definitely get sweet results in the future.

Investing in Bitcoin requires strategy and planning, so it is best to use the DCA method. Many people are deprived of this domestic method only because of the greed of money, there are many greedy investors who cannot handle the greed of a small amount of money, they will definitely regret it in the future if the price of Bitcoin increases.
So we will only plan and discuss how to sustain the investment in the long term,

Most of them only entertain the portrayed negative side of Bitcoin, but they didn't manage to confirm for their selves if those negative statement they read is true. That's why those skeptical people remain to be like that and skip those opportunities what Bitcoin could possibly bring in their tables. If they just have critical thinking for sure that they would do a research and could figure out those negative information spread are lies and statistically they can also figure out that Bitcoin is good investment especially for long term purposes.

Before I really think bitcoin is so risky asset but upon getting a lot of experience handling it I find out that Bitcoin is more better than anything else they suggest out there since no one is controlling it and we can possibly get a great deal especially if we aim to do long term and be consistent with accumulating this coin. If those people will remain skeptical despite all positive explanation stated to them, I guess there's already problem on their side for being hesitant even if there's good proof presented in front of them.

Journey of a thousands miles begins with a step, any one new to Bitcoin must get the fucking started which is the primary assignment and basics every other things can be figured out down the road, first thing is to believe that Bitcoin is a coin that is worth investing, understand your income flow as well as your disposable income within your reach and invest with as little as you can either weekly or monthly, this is where the dca will always come in because different people have different financial differences and it is advisable to recognize your financial level and stay within it in terms of accumulating your Bitcoin because it is not a competition.

It is never guaranteed to go up of course, but I am not talking about the momentum that is currently there. I am more talking about all the things that happen around bitcoin apart from the fact that it had or is having a bull run. If we take 4 years as an example and someone does decide to do DCA as of today, the person would have to have very bad luck to lose a significant amount of money over the course of those 4 years consisting of frequent purchases, like monthly. No doubt it could happen, but it is unlikely as governments and institutions and corporations are discussing bitcoin more than ever. Since it is hard coded scarce and there are not that many bitcoin, if someone now buys on a monthly basis, the timing would have to be incredibly bad and the performance would have to take a U-turn or go down consistently for months and months and not go up again, such that upward movements would not be sufficient to former DCA purchases that went negative and cannot make up for gains made on the latter purchases at lower prices.

There is no need to explain it to you, but a longer time horizon with regular purchases ending up in losses would be quite surprising in my opinion because no matter where the price goes within half a year or a year, actually going down over the course of four years consistently is something I don't see coming. I am not ruling out the risk entirely, but if I was highly skeptical and thought this is a serious risk, I would probably be more conservative about bitcoin's future. 

The truth is that there are so many people who procrastinate about Bitcoin simply because they are afraid of making a step to invest, taking risks and they lack the understanding to know that Bitcoin is not just what to procrastinate about without being part of those buying. Some feels that they have missed their opportunity of buying Bitcoin at lesser before now that the price has increased.

The best decision anyone can take now is to invest in Bitcoin regardless of the buying price. It is better to save oneself the feelings of regrets and failure in the future when the price of Bitcoin must have traveled to the moon. Procrastination is a dream killer and no one should fall for it especially when taking the decision to invest in Bitcoin. The time is now for you to own Bitcoins in your custody and forget about the fear of failure. Those who fails to plan, also plans to fail. Making that one bold decision to invest in Bitcoin will save you from financial stress in the future.

One thing you must know is that bitcoin investment is not like other investments. Bitcoin investment is simple to start and doesn't require so much planning to start. Once you are financially okay, you are in a good position to start your bitcoin investment because you are certain of a good discretionary income that will allow you to invest in bitcoin comfortably and still sort out your daily expenses any time they arise without finding it difficult to do, which will allow you to hold your bitcoin investment for a very long time. As you are in your accumulation journey, you can plan how much of your discretionary income will be used in accumulating bitcoin, how many bitcoin you want to accumulate, and how many years you want to hold your bitcoin.

In the end, it is better to act than not at all and it is undeniable that for now there are still many who are stuck in theory without doing practice when it is clearly different and can affect. When indeed we only compile schemes or plans that want to be done without any movement then forever we will walk in place without any continuation of the good intentions that want to be done.

Careful planning is indeed very good so that we can minimize mistakes but that does not mean we will not make mistakes because in the end the plan to invest will be more worth it if it is directly realized if we are already able to do it.

Regardless of the little or a lot of cargo we want to do from investment, things like this should have been drawn from the start when planning was made so that when you are able to do that then do it because in the end waiting too long to buy bitcoin can also have an impact on regret for not coming from the beginning just like many people feel today.

Buddy you're are talking as if the current milestone of Bitcoin will be it's highest upsurge, some of your statements sounds very discouraging, the people that bought Bitcoin at low price bought because they believed in what they were doing then that's why they got the profit at this stage.
In as much as we understand what buying the dip is all about, we must not make it look as we can't buy at all time, you're are sounding as if you have not heard about DCA or you aren't aware that Bitcoin investment is a long-term stuff, though I know you already know all this things but my question is, are you advising people to wait until the bear market for them to buy? If your answer is yes then why are we talking about DCA method of accumulating Bitcoin and hodling for a long-term.

Buddy do you know that the recent milestone being attained by Bitcoin may skyrocket tomorrow so what if people take this statement of yours into consideration, domt you think they will be disappointed whenever they come across your writeups, Bitcoin is futuristic in nature as such we don't know what they next 10years will look like in terms of Bitcoin price that's more reason why we should keep accumulating with the lttle we can since our plan is long-term instead of waiting for the bear market to buy.

Mate you're are funny, how would you say someone can only buy Bitcoin at all time when they are financially buoyant, you're making me to believe that you don't really understands the power and efficiency of DCA method, with DCA method an investor can buy with as low as $1 that doesn't mean that such investor will continue accumulating with the said amount, once the investor income increases, he can increase his or her DCA but what matters is consistency, so get this things straight and understand very well so that you don't get confused and also get other stocked on the way.

According to your direction, it is understood that those who have prepared stable cash can move towards investment at any time if they want. Those with such cash do not have any problem in terms of investment, but only some have such prepared cash, and it becomes a little difficult for them to keep the investment trend right.

I want to talk about two things here. The first thing is that those who have prepared cash can invest, their investment is different. If they want, they can make their investment long-term, and they should invest long-term. Because they should invest in a stable coin without keeping their stable cash. For example, if they want, they can choose the stable coin Bitcoin; if they can invest in it without keeping their stable cash, they can benefit greatly. If your stable money is not used anywhere, investing in Bitcoin is better than keeping it in the bank or somewhere else. If you want, you can withdraw the invested money at any time; it is your matter, but if you invest for a long time, this investment will bring you a golden time.

On the other hand, there is a very good investment opportunity for those who do not have stable cash savings. No matter their job, they are earning money somehow or the other. Although they have to work hard to live and have a hard time meeting their family needs, they can invest in such a situation if they want to invest. Suppose you have a monthly income of $200, from which you spend it; everything is gone. If you remove a small part from here and put it towards investment, you will see that this money will bring you something good at some point. If you keep $200 to $5-10 for investment and can invest by maintaining DCA, then something good awaits you. If you continue to invest even a little, you will eventually see that a good amount of money can be obtained from here. Although no one's income is so low now, I just tried to explain it through an example.

If you have the mindset to invest, you can invest in two ways. Those who have stable cash can invest easily without any hassle; on the other hand, those who do not have any savings can also invest. You only need a little income to invest. Even a small amount of income can be seen as an investment if you have the mindset to invest.

Just as time wait for no man that's how Bitcoin prices wait for no man . When comes to investing in Bitcoin is good to make plans though, but don't let that plans leads to procrastination, because many people keep using that idea of planning to procrastinate, there alot of folks that wanted to get into Bitcoin when the price range was still around $50k but they had to procrastinate due to many reasons like planning, or waiting for a certain the dips but now Bitcoin is X2 of that price range (now 100k) so these are stuff procrastinating can lead to when comes to bitcoin investment.

Yes, for regular Bitcoin investment you should have a reliable source of income. Having a reliable source of income is the first condition of investment, if you are unable to fulfill this condition then it is almost impossible to survive with your investment for a long time. Creating an alternative source of income for investment can be the best plan, in which you can buy regularly without any interruption and be consistent in investment. If you can keep enough stable cash flow, emergency fund and reserve fund in your plan with long-term planning, then you may be able to successfully prolong your investment. It is expected that you will get something good from 10-12 years of holding, and this hope is reasonable.