Topic: Buy the DIP, and HODL! - page 7. (Read 138239 times)

Are you talking about Bitcoin alone or including altcoins? 

First, you don't need much knowledge to get started on Bitcoin investment, because as long as you continue to invest daily or weekly with the DCA method, you will begin to gain more knowledge about Bitcoin investment. 

However, as a newbie to Bitcoin investment, you need to use the DCA method to invest, and you also need to invest for the long term before you will be able to make a good profit. I would not advise you to invest in altcoins because right now, I don't even know any altcoins that are worth investing in and am not into them. Actually, even if you want to go for it, you can't invest for a long term because you will definitely be at a loss in no time. 

Moreover, you also need to understand that the level of risk in altcoin investment is more than in Bitcoin investment. And you can't compare Bitcoin investment with altcoins, and if you say the word crypto, you include Bitcoin, so you have to understand that Bitcoin has more potential, and it can't be like altcoins.

As a low coiner or someone who is new to bitcoin investment, your attention should not be on how you will diversify your investment when you have not yet accumulated the amount of bitcoin you want to hold for the long term. It is only when you have reached the fuck you stage on your bitcoin investment that you can diversify your investment if you want to, and it shouldn't be in gold; you can diversify in real estate or selling of commodities, which will give you more cash flow in the short term and put you in the position of solving your daily expenses without struggle and also allow you to hold your bitcoin for the long term. But for now your attention should only be on bitcoin investment and how you will accumulate the amount of bitcoin you want with the DCA strategy so that you will not be distracted. The DCA strategy is very much suitable for a newbie or low coiner like you because it will give you the opportunity to always accumulate bitcoin at any given price anytime your discretionary income is readily available, which will also give you the opportunity to keep increasing your bitcoin portfolio from time to time.

Oh come on we discuss this too often and we can't normalize it again where in the end the focus is on discussing bitcoin not crypto so that in the end the discussion does not widen again as it always does.

We also always discuss that in the end this does not refer to trading because in the end when talking about bitcoin it is clear that this will refer more to long-term investments with a duration of years even for some people here there are those who target 5 years, 10 years and even 20 years so that in the end we will not speculate too much about the market and the decline that occurs temporarily because indeed our goal is longer than that.
In addition, it does not mean to reduce risk because the risk of investing in bitcoin also exists and is even very large but if in the end the choice is long-term then we don't need to worry too much about the current market because after all when we have chosen in the long run then we realize that in the end the risk is still there but when talking about investment stability it will be much better than when we try to trade or just be in bitcoin in just a matter of days or months just because of the small profits that are thought of.

I'm finding it hard understanding what you're talking about? Firstly you're speaking of crypto which is very wrong in this thread, we're discussing Bitcoin and not crypto. Referring to crypto on a Bitcoin thread can be very misleading to people of lower knowledge on Bitcoin and may give them the inspiration that Bitcoin and the series of altcoins and shitcoins in the markets are of the same category. Clearly Bitcoin is different and shouldn't be generalized as crypto with the others.

Secondly, you're talking about buying low and selling high which clearly states your trader mentality. Bitcoin accumulation which we discuss here is not very advisable to be gambled with. You need to have an accumulation target in mind and continue buying Bitcoin consistently with your discretionary income and a long-term plan in mind. Bitcoin long-term holders are those with histories of good profitability in it and such is not heard of traders who gamble with Bitcoin.

Everyone can profit from Bitcoin and not necessarily crypto and the formula is very simple. With available discretionary income, choose an accumulation strategy that suits you and remain committed and consistent in your purchases across two or more cycles and your profits is sure. Profits in Bitcoin is inclusive of everybody as far as you remain committed in your accumulation and hold for a long-term.

I agree with you, and I'll also want to mention that beyond Bitcoin volatility, money is a moving material, if it's proper utilization is delayed, it might flow into something else of lesser value. Delaying your Bitcoin investment because you're waiting for the dip, is a wrong decision for someone new to Bitcoin because he's prone to entertaining a trading mindset if his intention and target price ends up playing out for him, he might see Bitcoin as something to gamble with and not the valuable asset that it is, or worse still something else might come up and take up the money budgeted for investment and his investment plan would be abandoned. If the price target does not play out, he might still be waiting and be left behind as Bitcoin price continues to appreciate.

Such an investor would recognize his errors when Bitcoin price goes much higher futuristically and he'll regret not buying earlier and such bitterness may lead to not investing in Bitcoin anymore.

In long-term investments, the price volatility of Bitcoin does not have a negative impact. However, this does not mean that long-term investments are risk-free. A newcomer should be aware of both the advantages and disadvantages of investing in Bitcoin. While there may be less risk in terms of losses in the long term, holding it for a long period can still be challenging. If you do not take the right steps to hold it long-term, your money or investment will definitely be at risk. For instance, making mistakes like ignoring prudent income sources, not having a backup fund, or investing with money you cannot afford to lose will put your investment at risk. Although long-term investment is generally less risky, you must take the right steps to succeed in the long run. otherwise, your money may still be at risk even in a long-term strategy. If successful in the long term, there is certainly a high potential for returns.

I think I would disagree with you on the crypto aspect although I don't know if you are relating crypto to being Bitcoin which I believe is two different assets entirely. Bitcoin and Bitcoin alone is what I would recommend anyone in buying and this is because it's has proven itself in terms of investment worth over the decays although holding and becoming successful on  with Bitcoin doesn't necessarily require you have to learn technically analysis like you are saying.

What's required for you to be successful in Bitcoin investment is as simple as ABC although lots of discipline in terms of consistency and not moving away from the strategy that works like the DCA strategy and other practically method which doesn't require you to temper with your bitcoin because tempering with your Bitcoin asset or portfolio just reduces your chances of being successful especially if you are the aspect of trading it on a daily which for me is just simple like gambling your Bitcoin.

Of course when you’re new to something you will only have the knowledge your mentor teaches you even if there are right or wrong you only have knowledge of what is be taught to you. Newbies are not to rely only what they are taught you should have the ability to carry out personal research on your own to widen your knowledge just as it is in school. Bitcoin is different from other cryptocurrencies and and even though we will experience a dip in price no one is quite sure how deep it will fall but I don’t think we might see $30k price. When you are a long time investor you don’t have to worry about the price dips at all all you should be focused on is accumulating more and more bitcoin. This should be the mindset of every newbie.


Waiting for the perfect market dip can be a futile strategy. What if it doesn't happen as anticipated, or not in time? Instead of delaying, consider investing smaller amounts regularly using the Dollar-Cost Averaging (DCA) strategy. This approach makes investing more accessible, especially for newbies. When the dip does occur, you can take advantage of it, but don't let waiting hold you back from investing altogether.

After getting knowledge their is no pònt investing in cryptocurrency because it is still very risky, it can be considered as something that is not reliable. Having knowledge of cryptocurrency is not a guarantee for a successful investment.

Bitcoin remains the most reliable investment that one can even think about , one just need to understand the volatility of the market and to understand it is a long-term investment for good profit, and to also understand it is an investment you don't need to depend on atleast their must be stable income to depend on.  When it comes to investment bitcoin and cryptocurrency are not the same because the profit of bitcoin in the future is certain but cryptocurrency can't be predicted because the value of most cryptocurrency are not the same, any thing can happen in the future. It is a risky move to consider cryptocurrency as investment.

Fuck crypto...Bitcoin is the only asset and unique while shitcoins are duplicate of bitcoin
Trading is wrong for a new investor especially when we cannot predict the price movement of bitcoin. It becomes gambling and when you are gambling, you will lose in the long run. Investing in bitcoin is the only way out of poverty and increase your financial strength when you accumulate bitcoin gradually and build your investment bit by bit without stress by adopting the DCA strategy which enables you to buy bitcoin irrespective of the price of bitcoin at that moment.

If you do that with all seriousness an d commitment for 4-10 years or more, you will be able to have a good size of bitcoin in the long run as long as you are using the amount from your discretionary income that will not bring burden to you and you didn't sell a dime. You don't need no technical analysis or fundamental analysis to know when to buy bitcoin weekly or monthly. You just buy whenever your discretionary income is ready for the week with rest of mind.

Traders will end up with very little bitcoin in their portfolio in the long run because they were wasting their resources buying and selling wasting their time that they should have used to build and grow their bitcoin stash. Focus and build your bitcoin stash for your old age so that you don't suffer till death by looking for various meana to increase your income so that you can also increase the amount that you are using to DCA. Keep buying dont stop, and don't sell because bitcoin is more than what you think it is today.

You recommend buying crypto only when prices are low.  It is the religion of crypto that coin prices go up and down every day. How do you find that time and price when it's the actual time to buy that coin?

Not only us but a new crypto user can blink and say buy coins low sell high or buy low coins and hold but which is the low price ?

To understand these things you need to learn technical analysis and have a very good knowledge of the crypto market and that is why it is true that trading is not for everyone and crypto cannot bring profit to everyone.  If everyone could profit from crypto then everyone would use crypto as their main source of income

Long-term Bitcoin investments can indeed be seen as lower-risk, especially for those who are prepared and have solid backup plans in place. Holding Bitcoin for the long term has shown positive and successful results, the trend from its inception clearly shows significant growth potentials. The best out come of bitcoin investment with lesser risk lies when you accumulate and HODL for long . So many investors believe in its long term value , especially considering its historical performance. Its unique characteristics and potential for higher returns has attracted many investors especially how it price increased over the years. The future of bitcoin looks promising and with the growing acceptance as a digital assets.

We are discussing about bitcoin and not cryptocurrency because bitcoin is not shitcoin. It's only bitcoin that is a long-term asset and has great potential to generate profits overtime.  Next time you should be more specific about the word bitcoin and not cryptocurrency because we have a lot of altcoins that will not last in the market. It can be misleading to newbies to think that any coin is worth investing when it's not true but only bitcoin is what we should invest it as that's the new millennium asset for our future.

You don't come into the market with a mindset of investing for short-term like you said buy low sell high. This is a wrong orientation that you need to change because bitcoin is a long-term asset that you buy and hodli for 4-10 years and above, and not what you trade so that you don't end up losing your investment and regret in the future.

I don't know where to start from because it shows that you lack the idea how to follow the right part to a successful bitcoin investment. You don't need too much knowledge before you can invest in bitcoin because you are only to be buying with part of your discretionary income without selling so that you can accumulate more bitcoin overtime with DCA method by buying frequently with persistent and consistent every week or month for a very long time.

Don't buy shitcoins and don't trade, because that's is the wrong path to follow but only buy bitcoin and grow your portfolio overtime while you keep on hodli for the future.

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

Seeing the Rainbow Chart graph shows that we are now in the yellow zone which indicates that we can still remain hodl bitcoin for the next increase because if this cycle repeated again then after this we can continue the increase to the next level that we cannot imagine, but if we see Inner correction, it will not be more than $ 80K in my opinion.

We can still continue the DCA at this time, and this is a price discount for those who do not have it and who have already bought it at the high price yesterday, I think our long -term thoughts must be wider if you want to get the opportunity to get the opportunity from Bitcoin, don't miss the opportunity in front of your eyes Friend.

Noo, what you are saying here is also misleading because every business or investment all around the world has it on risk attached to it, and Bitcoin is not an exception, it is very true that in Bitcoin investment the risk is very minimal comparing to other investment out there, but that doesn't mean that it doesn't have risk at all.
Am saying this because we live in a world full of uncertainty, anything can happen and so many things can go wrong in a very short time that you doesn't even plan, so nothing is promised, so it would be wrong to tell a newbie investors that their is no risk in Bitcoin investment at all, that would be misleading in my own opinion.

I like your argument about how people in this digital age are adapting to bitcoin, but of course this has nothing to do with IQ. Not everyone with a high IQ dares to take the risk of investing in highly volatile assets such as bitcoin, even those with a low IQ may be more willing to take this risk because of their experience. Knowledge and high curiosity and interest will encourage them to learn and invest in bitcoin, so I don't agree if IQ is one of the biggest indicators.

Bitcoin is a logical choice to become a long-term asset that has the potential to provide profits for every investor. The time frame of the investment will determine how likely you are to get maximum returns between cycles, but if you are willing to hold out longer, then you may get higher returns than just one different cycle.

There is definitely fear and worry, and it is even possible for an investor to change his plans for various reasons. Good planning with the right strategic approach can minimize changes to plans, but we never know what will happen so things may not go according to plan. Even if I believed in bitcoin, I wouldn't put all my money there because we don't know its future for sure.

Nothing really compares to Bitcoin, those who have invested in Bitcoin once actually know about Bitcoin. Actually comparing Bitcoin to gold is nothing but stupid. Gold has never in history given investors as much profit as Bitcoin. I myself have experienced this practically, some gold ornaments are purchased for one of my family members at a fixed price at that time. And at the same time I decided not to invest in Bitcoin. As an investment, I converted whatever money I had at that time into Bitcoin. Now when I compare the difference between investing in gold and bitcoin, I see a big difference.  

From that time to this time the value of Bitcoin has increased along with the increase in the value of gold, but the increase in the value of gold is nothing compared to the increase in the value of Bitcoin. If I had sold the bitcoin immediately after buying it or if I had bought gold at that time, I would never have made such a huge profit at the present time. I know that investing in Bitcoin involves risking some money, but if I hadn't risked this money, I might not have been successful at this point. I would advise everyone to invest your money in Bitcoin even with some risk of money and one time you will definitely get a smile of success from this investment.

Why always worry about risk when investing for a long time purpose remember that bitcoin is not shitcoins bitcoin has great potential when held for long talking about risk in bitcoin might discouraged people who has interest to invest in bitcoin making them believe is a bonzi scheme and this can be misleading unless you want to gamble with bitcoin that bitcoin may seems risk to you but not for time investors nothing like risk, traders are the ones who sees bitcoin to be risk and not investors approaching bitcoin in a manner that that it won't affect your personal needs have discretionary income accumulate Bitcoin gradually using the DCA method and hodl for a longer period of time.

Volatility is an inherent trait of Bitcoin which is more like a factor and culture of Bitcoin functionality and of course every investors should have that in mind as part of the required primary awareness before venturing or coming in terms with Bitcoin investment, the question is, why getting worried over things that may or may not happen in the future? This was the same mindset most people got and failed/ refused to see the true potentials that Bitcoin has and neglect having it at it's earliest days and today they are regretting on seeing where Bitcoin is, there is lots of flexibilities in Bitcoin investment that most people don't understand, invest an amount that you can be comfortable with which will not affect your other areas of life and balance your psychology towards what may or may not happen in the future. However, there must be self conviction and decision to invest in Bitcoin not doing it because that is what others are doing or talking about for you to comfortably and peaceful grow your asset over time, buy even when it is going up, and buy even more when it is coming down if you are readily prepared and hold for as long as necessary, possibly 4 to 10 years or more, even when Bitcoin is coming down, it has proven to have the potential of going up, the world will keep growing digitally then think about what Bitcoin will become of in the future.