Topic: Buy the DIP, and HODL! - page 77. (Read 129603 times)

Although this is not a thread to discuss shitcoins but has to discuss shitcoins to warn newbies to stay away from shitcoins. To understand the comparison of good and bad you should have equal knowledge of both. Similarly, to understand the value of Bitcoin, you need to know about Shitcoins. Because how can you know if bitcoin is good or bad when you only know bitcoin? When you know and understand both Bitcoin and Shitcoin equally, you will be able to compare Bitcoin and Shitcoin yourself and realize for yourself which is profitable and which is harmful.

Personally I advise both an experienced and a novice to stay away from Shitcoins. Few people can benefit from Shitcoin. I don't see much difference between trading with Shitcoin and gambling. Both depend on luck. Shitcoin is used by most people for trading, I cannot call anyone who thinks of Shitcoin as an investment wise no matter how much knowledge he acquires. Because investing in Shitcoins has a higher risk of loss than trading. You can blame the price recovery aspect of Shitcoin as the reason for this. I think it's best not to expect price recovery from Shitcoin. Many coins disappear from the market without ever recovering their value. If you invest in such a shitcoin, your entire money will go down the drain.

Its price recovery has made Bitcoin a trusted coin in the global market. Bitcoin can recover value very quickly and increase the value of coins multiple times during pumping. We know crypto markets can be volatile, and Bitcoin is no exception. The Bitcoin market is very volatile, but as the price recovers, the probability of losing Bitcoin is minimal if you hold it for the long term. Bitcoin is skyrocketing day by day due to high recovery and pumping capacity. Newbies should avoid shitcoins and get into bitcoin. Save yourself from the temptation of shitcoins.

such a situation is very possible for shitcoin players. I'm sure they don't actually plan to do DCA on shitcoin assets. but the situation and belief in their analysis make them fall into a deeper hole. such as buying a certain shitcoin coin and when sometimes the asset value drops quite far. because of the trust that may have been had in the asset, the investor actually buys it again when there is a decline in the hope that when there is an increase it can cover the loss.
I agree with you, DCA is the best way to plan long-term asset investments. don't use it for other assets, especially shitcoin.

Not everyone that trades with shitcoins please. A lot of people are doing 100% and those are the people I consider smart who are not ready to expose their money to any form of risk. Apart from this correction, your statement is correct and I agree with you completely. One thing about shitcoins is that as soon as it dies, it remains dead because the investors or founders who happen to sell first would never come back and most of them would have converted their money to bitcoin or other stablecoins. Anyone actively buying shitcoins and calling it investment is definitely building on quick sand, just a matter of time before the entire portfolio collapse.

Our discussion in this thread have exposed most of the problems people face in their investment especially the new investors who are easily confused by the sweet mouth of those shitcoins. Through our discussion I have learnt never to yield to those hypes and concentrate more on buying and holding bitcoin alone.

It is better for us to get clarity on what you are actually saying, what selection are you really talking about, I think may be you have forgotten the exact subject of discussion here, let me remind you, we are actually talking about a good strategy that intending and existing investors should apply in other to accumulate Bitcoin without stress and also making investors to understand that there is no need of waiting to buy Bitcoin during the dip since a good method like DCA method that allows investor to buy Bitcoin at ease with the amount the can afford continually, consistently, slowly and steadily, and we are also stating reason why individuals should not involve themself in any form of short-term investment thats is capable of discouraging their investment goals, having said said that, one would have known that shitcoins are not options for investment, so as a matter of fact every digital asset intending and existing investor concentration should be on bitcoin investment.

I think you would have stated it categorically that new and existing investor should always think about investing in Bitcoin not any kind of shitcoin that's capable of dumping totally and ruining individual investment plans instead of saying they people should consider selecting a good coin before the can invest, with such statement you will be misunderstood by many bitcoiners here because we all know that Bitcoin is the right coin I invest in and that's why it is the highest valued digital asset with the ability of profiting  it's long-term holders.

You said you considered Bitcoin as your best coin and thats why you having been doing the needful by acumulating and hodling up till date, why did you now say that people should consider coin selection before investing, you sounded as if there is other coins that are contending with Bitcoin, I think you would have go straight to the point by telling new and old investors that accumulating Bitcoin with DCA method and holding for a long-term is the goal nothing more, nothing else.

DCA makes Bitcoin investment interesting and easy for low income earners. The strategy gives the opportunity of investment to those who don't have a large sum to invest all at once or those who can't purchase a whole coin (1 BTC). DCA method is great for building your bitcoin holdings steadily& gradually, and it's a more manageable approach for average and low income earners.

There's is nothing to disagree with what @ishicrypticsaid, understand his comments he is simply saying that DCA strategy suits average and low income earners, to accumulate bitcoin since they don't have enough funds/money to purchase a whole coin. But its not like that for rich folks or higher earners who can afford lump sum and DCA same time, but it doesn't mean that the strategy is not suitable to high earners also. DCA  strategy gives investment advantage and opportunity to those who do not have the money to buy bitcoin in huge chunk. It allows people earning low or average to participate and having an investment in bitcoin.

What other coins selection are you actually talking about? Or is Bitcoin investment not enough for you?, what if you make a wrong selection don't you consider you will lose your money?, actually anybody that gave you the idea that conducting a selection of coins before investing is actually misleading you because he doesn't no the negative outcome of it, however I believe you have known Bitcoin for sometime now so you should have understand that Bitcoin is the only trusted coin you can invest your money on, so why then talk about other coins that can never be trusted when Bitcoin is here for you.


I don't get your point, are you here in the quest to promote your platform through the use cryptocurrency? Because that's exactly what your statement explains, so on the contrary you can see that we are not here in search of a way to buy cryptocurrency but in other words we are here to no the better ways of accumulating Bitcoin, so I would advise you to do the same because if I'm not mistaken you don't have knowledge about investment, so tried not to be overwhelmed by cryptocurrency as you presume because the end part could be very bitter, so is not late for you now to change or divert into Bitcoin.

This thread is talking about Bitcoin long term investment and not some kind of shitcoin, when you say crypto you got people confused because they may not know the exact coin you are referring to if it is Bitcoin or shitcoins.

I know you are still a newbie here but you needed to cheek or ready from the op probably so you can be able to catch more of what we are talking about here if you are giving crypto all the way you need to know that there are coin which are not reliable to invest on in the crypto space that is why you need to be specific about the coin you are referring to in other not to get other newbies here mislead.

Let Bitcoin be Bitcoin and shitcoin be shitcoins and stop mixing them up, this is because shitcoins has done more harm than good so when you mentioned crypto people already believe is a scam investment thats the important of been specific.

Don't be too sure cause their are people who still buy and holds shitcoins, I'm not trying to say it's good or they're right but maybe they're not aware that it's not good for holding or maybe they fall under the category of people who are willing to take risk without having a proper check on the risk factor but the truth is that their are people who still invest on shitcoins out of ignorance.

 You can call them insane or whatever but there's a saying that information is power and that what those set of people who still invest on shitcoins lack, cause if they're informed they won't waste their money and time on something that's not profitable but would cause more harm than good to their portfolio and they'll be invest on Bitcoin rather.

 I've also come to realise that Fomo is part of the reason why some people invest on those shitcoins, maybe they've come across a possible hype about some certain coins and how well it may pump in the near future then rush into buying and holding it so as not to miss out on the profits in the near future, that's why i stated earlier that it's good to be informed not just with any information but the right informations.

Hey, Crypto means shitcoin be more explicit with the word bitcoin.
Bitcoin is a valuable asset that when you have it, you should not gamble with it by using it as collateral because it is meant to be kept in your self custody wallet and not with a third-party. Why will you use all your money to buy bitcoin to the point that you don't have any funds on you and you are using your bitcoin for collateral. This means that you invested in a wrong way with money for your important needs that is not your discretionary income.

It ia useless to over aggressively buy bitcoin because when you are faced with little problem one will fall back to his bitcoin investment to sell and run at loss because bitcoin price might be in a dip. It is advisable that a new investor should only buy bitcoin with his discretionary income and also create his emergency funds bit by bit as he is DCAing along side with the other part of his discretionary income.

Emergency funds will save you in terms of unforeseen challenges that will come your way during your bitcoin investment journey because you are on a long-term investment. When real emergency arises, that is when you use your emergency funds and not using your bitcoin as collateral because if you cannot meet to the agreed date of repaying your loan, the loan interest will keep increasing and gradually, you are losing your bitcoin investment.

Only invest with the amount that you can afford to lose than gambling and wasting your time with with your funds.

No one invests in Shitcoin, everyone trades with Shitcoin. DCA is not a useful method for trading. DCA brings to mind long-term Bitcoin investment, as Bitcoin is the only coin that is reliable for investment. You can't call Shitcoin reliable for investment. Because Shitcoins have less ability to recover value and cannot pump up the value like Bitcoin, many times Shitcoins are lost. No sane person would ever invest long term in such coins. Many trade with Shitcoins, I would advise them to be careful because trading in Shitcoins is also very risky. We know Bitcoin as investment and DCA as investment. In all types of investments we should be long term especially in DCA without long term you will not get good output.

I can see that you are new here, welcome to the forum.

This thread is a bitcoin discussion thread and not cryptocurrency because we have more than 500 cryptocurrency and apart from bitcoin the rest can be classified as shitcoins because majority of their dev created them to scam people through pump and dump and that's why you see that they are not worth buying only if you want to gamble with your funds because you will get burned.

Bitcoin is the only cryptocurrency that has potential to increase its value overtime due to its decentralized natural and it has been seen as one of the best asset currently because the odds of the price going uptrend with passage of time is higher than downtrend. This is why so many people have seen bitcoin as an investment and if you can keep buying bitcoin weekly or monthly with Dollar Cost Average (DCA) with your extra cash continously in oder for you to be increasing your bitcoin investment for 4-10 years and above. You will be surprised at the quantity of bitcoin that you have accumulated.

Investing in bitcoin is for the future when there will be high level of inflation than this, the price of bitcoin would have also increase very high too and for that reason, your bitcoin portfolio will be in profit. Investing in bitcoin for a very long time and hodli will save your savings from inflation unlike when you save it in a bank, not that alone because you will also have a benefit for choosing bitcoin which is the profit that your bitcoin will generate based on the size of your bitcoin portfolio and this is why a new investor only needs to focus on buying and accumulating overtime without selling or using it for payment so that you can reach your bitcoin target.


It is wrong to keep your bitcoin with third party because you can loose your bitcoin

We've been buying every time there's a noticeable dip. It also helps that we're accepting crypto for our web hosting services since we can remember - it has allowed for massive growth, as we were able to use the crypto as collateral to fund expansion of our operations. Crypto all the way!

Holding bitcoin for one or two years might not really be enough to see a substantial price movement. It is always advisable to hold bitcoin for at least one circle or more to see a good price surge. And one bitcoin circle is usually 4 years. The one or two years you are talking about can be used as your accumulation stage, especially when you are buying through DCA.

As a bitcoin investor or an intending investor, your primary concern should be on bitcoin alone, you don't need to pay  any fucking attention to cryptocurrencies, fuck crypto. This is a major bitcoin discussion thread, and it doesn't make any sense to talk about crypto here. This is how some folks gets into troubles and end up blaming it on bitcoin, whereas bitcoin hasn't really disappointed any of it's investors, be it the old or new investors. And another thing is that as an investor who is in for long term bitcoin investment, you don't really need to keep your eyes glued to price movements, as it might have have a negative impact to your bitcoin accumulation journey. Buy your bitcoin as the funds comes in. Irrespective of market condition.

The only coin that should come into the mind of any investor when it comes to coin selection concerning the DCA method is Bitcoin, some investors might want to buy some Alts they feel have potential and DCA with but they're wrong cause you don't DCA using other coins but Bitcoin infact most of those other coins got short-term goals whereas Bitcoin is for long-term investment purpose and that's why it's best for the DCA method. The worst thing an investor would do to their portfolio is to buy and hodl a shitcoin then implement the DCA method on it, that's something the investor would so much regret and might even get depressed cause you'll watch it dumping rapidly at some point. This is something I've experimented in the past, I've held several shitcoins topped up after several intervals and regret was the case so I'm talking out of experience, investors should only buy Bitcoin, hodl Bitcoin, DCA with Bitcoin for investment purposes.

Coin selection before investing in DCA investment method is very important for any investor. Now if we choose one of the worst coin to invest in and invest in that coin consistently for a long period of time, we will never get success from that investment. First of all we have to focus on coin selection, when we can select the right coin then we have to make sure which method we will invest in. For example, I first considered Bitcoin as an acceptable coin to invest in and then tried to consistently invest in this coin. I have maintained my investment for several years and will continue to do so in the future.

Looking at the context I feel that this is referring to trade rather than investment and of course things like this don't make sense when lumping investment and trade together because they have differences.

Although in the end I agree with research and learning individually without having to be spoon-fed by others but when it comes to long-term investing we don't need any signals because all we have to do is buy.
Many presumptions are wrong especially when talking about beginners especially when equating investment and trading in the same situation even though in terms of the actual spirit of beginners sometimes very good when making purchases (because I also at the beginning of knowing bitcoin like that) but of course they also have to distinguish what is meant by investment and what is meant by trading because it is important so that when the implementation of bitcoin adoption is done they do not make mistakes in placing positions just because they generalize investment and trading as the same thing.

I think you misunderstood the whole thing, the person you quoted wasn't talking about trading rather he or she was talking about investing in Bitcoin and apparently you seems to have forgotten that Bitcoin is very volatile and sometimes it can take more than 2 years get to a greater level. We not here to be taking any slight profit because of market uptrend and anyone who sell because of slight move in the market is not worthy to be call an investor  and lastly, in Bitcoin investment we don't need too many research and signals because we are not traders, ours is to keep accumulating and holding for a long period.

Well.. many people, including newbies, get distracted into thinking about accumulating a whole BTC, which is bordering on retarded.. even though I know that a lot of folks get sucked into the unit bias of our BTC naming, and hardly any of the newbies knows what is a satoshi, which might well suggest to them to accumulate BTC aggressively within their own means rather than getting caught upon the idea or even the need to accumulate a whole unit.

Sure, 1 BTC is still in grasp for some normies to reach, yet it seems more realistic that most people should be figuring out various other more realistic BTC accumulation targets.. such as 10 million satoshis, or 2.1 million satoshis or even starting with a target of 1 million satoshis night well be quite reasonable. and with the passage of time, if certain lower threshold BTC accumulation targets are reached, then it might become feasible and/or reasonable to shoot for higher BTC (satoshi) accumulation levels.

Even a guy who is buying $100 per week worth of BTC does not seem very likely to be able to reach a whole BTC after 10 years of investing.. if that might be all that he is doing and if he is just starting now.. and surely, I am not even suggesting that $100 per week is a small amount, yet I am suggesting that it is important for newbies to work within their budgets in order to be as aggressive as they are able to be without overdoing it. .and many folks may well not be able to reach even close to a whole BTC, yet they are likely to be way more advantaged by having had invested into bitcoin as compared with if they had not invested into bitcoin.


Each of the BTC accumulation methods can have their advantages, yet as you suggest the poor person does not really have a lump sum option, so if the poor person ever wants to make progress, then he is generally going to be better off to be trying to accumulate BTC regularly, persistently and consistently with whatever level of discretionary income that he believes that he can dedicate towards BTC.

Richer folks, who have lump sum amounts available from the start still might not be advantaged over the DCA buyer if they fail/refuse to act.  Over the past 10-13 years, we have plenty of examples of ongoing, consistent and persistent DCA buyers who had ended up passing up their contemporary peers and even passing up people who were otherwise in a richer demographic, which was due to both their awareness of BTC and their ready, willingness and ableness to act upon their knowing about BTC.   Sure, they might not have had known about BTC with confidence, yet if they engaged in some kind of a decent investment plan that largely emphasized and focused upon BTC accumulation and/or holding, then they were well rewarded for keeping their focus in that direction.


Frequently folks (or companies) with a lot of money use DCA because DCA tends to be a better way for them to manage their cashflows and potentially they might be able to accomplish reallocation (to give a higher portion of their portfolio over to BTC) while avoiding any need to sell many or any of their other other investments.



A person who focuses on investing for less than 4 years in bitcoin is trading rather than investing, yet it does not mean that he is going to be at a loss after 1-2 years, since he likely can attempt to time his bitcoin sales to make sure that he is in dollar profits...  yet he is still trading if he wants to be in bitcoin in the long term, since he might be wanting to buy back cheaper and he also might be unlucky if the BTC price keeps going up and he does not have any BTC.  We cannot be sure the extent to which he might be profitable or losing in the short-term, and neither does he, yet he takes his chances with trading, which an investor is not taking those same chances, even though investors are generally expecting the BTC price to continue to go up in the longer time-line of 4-10 years or longer. 

Surely there are some traders who are going to be able to beat bitcoin investor returns, and sometimes they will beat such investor returns in the long term too, yet those kinds of traders are not very common, especially since bitcoin has been such a great investment, it seems a bit retarded to be trading it, even though a lot of traders do trade it and have tended to lose in the long run as compared with investors, and there no real signs that bitcoin has weakened as an investment asset, even if the extreme of its price slope has lessened.

Some folks who are trading call themselves investors, and they may well be trying to build up their trading portfolio and they could even be setting aside some of their capital in an investment way, yet many times they are not really investing yet trading since they are continuously aiming to earn yield from their capital, which may or may not end up working out very well for them, especially in the context of such an otherwise great investment like bitcoin. 

People can do what they like, even though we are not talking about trading in this thread, members will sometimes get tricked into believing that we are talking about trading or that buying the dip has some kind of a preference to sell in order to get short-term dollar profits, so surely sometimes we are battling over definitions and also some people lose their patience with just employing various techniques to accumulate, and for various reasons they frequently are excited to take some profits rather than just seeing their wealth go up "on paper."

There is no benchmark or limitation regardless of low or high income when wanting the DCA method as an option then anyone can do it so do not become a reference where when we have a low income then we must do DCA and higher income we should not do it. In addition to this, do not be too dependent on the price and amount owned because it is necessary to realize that when we invest in bitcoin, whatever method is done, this is not a race for who can reach 1 bitcoin first because it is precisely something like that that makes you a little pessimistic when you don't reach 1 bitcoin so in this case do not be too fixated on the amount, do as much as you can because this is not a race but this is a hope that we have a more secure future, especially in financial freedom.


I agree with the last part which says that bitcoin allows as an asset that will always increase in value in the long run but in this case we must also try to create a situation so that we are not burdened because after all as a hodler we must understand how hard it is to do this because there are always some temptations that occur so in this case when taking the method that we will choose in investment then think carefully about what we will do so that in the end the initial plan that has been arranged can run well even though there must be some changes over time because of the results of the most important evaluation in this case we do not feel In this case when taking the method that we will choose in investment, think carefully about what we will do so that in the end the initial plan that has been arranged can run well even though there must be some changes over time because of the results of the most important evaluation in this case we do not feel burdened by the investments we make by understanding all forms of risk and holding firm beliefs for bitcoin.

The best timeline for bitcoin investment should be from 4-10 years and above and not 1-2 years because that is no longer investment but trading and the chance of you running at loss will be higher. The purpose of investing in bitcoin for long term is to enable you build and grow your bitcoin portfolio overtime with DCA method and reduce the risk of losses because bitcoin is a volatile asset and you should not see it as a means to get rich quick, otherwise you will miss the opportunity of having a good size of bitcoin portfolio for the future.

A new investor does not need to buy bitcoin and wait but he should keep on increasing his bitcoin portfolio bit by bit by buying regularly with DCA continously, persistently and consistently so that he can reach or get close to his bitcoin target quickly.


You should be specific with word bitcoin so that you don't mislead newbies for them to think that altcoins are also worth investing and hodli for a long period of time because it is not true. From what you said above, it shows that you are talking about trading and that is the mindset of what you have because a new investor does not need to care about the price movement of bitcoin since he is only accumulating for long period and will not sell.

Trading should not be seen as a way to increasw your bitcoin because it will only make you destroy what you took your time to build and will deprive you from reaching a certain level in your bitcoin investment.