Topic: Buy the DIP, and HODL! - page 8. (Read 128856 times)

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.

To increase the amount of Bitcoin, you should have a reliable source of income as it is essential for every bitcoiner and you should have a discretionary and floating cash fund. A bitcoin saver should make bitcoins every week or every month as per the ability with a long-term intention. To increase the amount of Bitcoin savings, it should be more focused on continuing and continuing regularly so that it is easier for investors of any income and Bitcoin savings are considered equally seriously along with family expenses. To save Bitcoins more positively and to increase the holding, you should spread the purchase price over time and increase the holding by doing it for a long time. Ensuring a regular supply of income is a prerequisite for investment and investors should look for alternative sources of income and you should have a 4-10 year systematic investment strategy with the aim of increasing the holding with hard morale and patience to save Bitcoin. People try to shape their future beautifully and it takes hard work to get through that process, and if you can show a little bit of rigor in saving Bitcoin (down the road), it can definitely bring good results for the future.

Of course, I agree with you because what determines the size of Mr A bitcoin portfolio from Mr B, is the seriousness to keep your bitcoin accumulation ongoing, the size of your discretionary income, how aggressive you buy without overdoing it, and the time line of your bitcoin investment. Investors that are not weekly or monthly regularly income earner, like the contractor you said about, when the money comes in, is for you to front load your bitcoin investment till when you have received another funds to front load again.

However, that investor can also use the funds he wants to front load to buy bitcoin through DCA by spreading that money into several weeks, to take advantage of the opportunity in the market. The most important thing is that you are growing and building your bitcoin portfolio overtime without selling

This is even more reason why we should invest in bitcoin in such a way that it will not stop us from solving our daily expenses so that we will not find ourselves in this situation and sell off our bitcoin investment to survive even though we are at a loss. Bitcoin investment is best done when you use the money you can afford to lose or the money you will not be needing for 4-10 years or more to invest in bitcoin, which will allow you to hold your bitcoin investment for a long time since the money is not allocated to solve your daily expenses. But if you use all your money and invest in bitcoin, you are likely to find yourself in this situation because you will not have enough money left to sort out your daily expenses, which will give you no choice but to sell your bitcoin cheaply to survive.

As long as an investor still has a regular income every month, of course, for matters of planning and sorting funds into several parts, it will always be easy for him to do when he has the intention of long-term investment in Bitcoin. Because investment is not only about being able to maintain what already exists, but also having to be able to increase the amount over time so that the amount of Bitcoin we have can continue to grow. So the important point besides good planning for investment is the existence of a regular level of income for each investor so that their investment intention will never fade or recede at a certain moment.

I don't agree with you, having or not having a stable income won't determine your success in Bitcoin investment what determine your success is your patience and consistency, you may not have a stable income but as long as you have a source of income that takes care of your necessities and also live you with a discretionary income you can become successful in Bitcoin investment.
I have a friend that don't have a stable income because his a contractor sometimes for 2 months he won't buy Bitcoin and sometimes 4 months however when he gets a contract he buys with a huge amount and then hodl he has been doing this for 5 years now and he has accumulated a lot of Bitcoin even more than some of his other friends that has a stable income, so you don't have to measure being successful or having more Bitcoin by having or not having a stable income.

You are absolutely right, having a stable cash flow is what determines how far someone will go in any investment bitcoin investment to be precise. Though one can actually investment without a stable cash flow but the investment is not going to be consistent and of cause it will not grow as it is suppose to... but sable cash flow will help a serious investor have a good and  smooth running investment regardless of any circumstance. however, even with stable cash flow some  investors sometimes do not still do well because of lack of discipline and patient.

What will you be thinking of if not for investment when you are financially buoyancy as you said?, having a plan is not something you would need to give yourself days or weeks to think about before coming to the conclusion of when you want to invest because is something that should be already in you so that as the money comes you already no what to do with it, however the only people I can say they need such time are those being introduced the first time but for somebody who understands Bitcoin you don't need to process anything before starting unless the person does not want to invest at that moment in other for him to have a taste of his money first before investing because is a routine habits for some persons.

Exactly since confidence level is really different if they are not prepared. Since usually people only have limited funds usually are the one who's easily to get affected with bearish trend comes and it may result to losing their funds especially if they can't decide well correctly especially if they can't afford to lose the money they put on Bitcoin.

Compare to those people who's prepared financially they could just let those balances stuck in their wallet then continue to stick with their plans since they have stable cash flow that can save them up in any instances that might happen to the market. That's why aside for learning good information about Bitcoin the investor should pay attention on how they can make their self financially stable. That's why people should come up here prepared for everything since they are dealing for long term and we need to consider the worst knowing market is so volatile.

Yes, you can call the money you have saved in the bank a reserve fund or an emergency fund. Since you are using the same fund for emergencies and to buy important items, you can call your fund a reserve fund. Stable cash flow works as a defensive plan for a long-term investor.

I never recommend investing the entire remaining money. As an investment strategy, I recommend keeping enough stable cash flow. You can convert this cash flow into different funds as needed and use them as needed. You may be aggressive in investing without any funds, but there is no guarantee that how long you will be able to sustain your investment.

You can never become a millionaire quickly from Bitcoin or you can be wrong if you enter Bitcoin to get rich quickly. I give the most importance to stable cash flow in long-term planning. Now, what you will use that cash flow for or in which funds depends on your situation. However, you should definitely have an emergency fund and I think it is better not to use this fund except in an emergency and you can keep a reserve fund for purchasing essential items.

I think it is important to have a stable cash flow, emergency fund and reserve fund as an investment defensive. However, everyone can have their own strategy, but it should be based on fundamentals.

To invest in Bitcoin, you need to develop a long-term mindset along with stability. Having an emergency fund will help you control your financial stress for Bitcoin investment. When we look at investing in Bitcoin in the long term, the main reason we see that the plan gets out of control is the lack of proper planning or patience. I think a holder must categorize his life according to a plan and manage his life accordingly. To keep Bitcoin investment active for the long term, it is necessary to have an emergency fund first, which plays a vital role in holding Bitcoin for a long time. Stable cash, emergency fund and your proper plan provide guidance for holding Bitcoin for a long time.

Investors are always advised especially in this section that you invest consistently and focus only on investing. Those who have listened to such advice and who believed in investing regularly but had little interest in selling the investment are able to reap good profits during this period.

Investments are difficult to hold but to ease this difficult task investors were always advised to invest in DCA investment strategy.

In this investment strategy generally an investor could invest any amount of money at any time as per his wish. Initially when I used to invest I used to collect some money and then buy bitcoins with that money but ever since I came to know about DCA investment I invested whatever money I had left in bitcoins.

My Investment Journey  It was not easy because people's need for money can arise at any time and people are sometimes in danger where they have no choice but to sell investments. This may happen in my life too so I had planned in advance. My plan was a bit different, I didn't always invest all the remaining money in Bitcoin but instead of running the household, I would deposit a part of the money left over in the bank and invest the rest in Bitcoin. The biggest advantage of investing in this strategy is when I need a lot of money or need money but I can meet my financial needs with money deposited in the bank without selling my investment.

If investors were as serious as I think about investing or investing, then the market touching 100k dollars would probably be fun for everyone.

For those who have a good stable cash flow and always keep "emergency fund, reserve fund" ready, it is easier to set the goal of long-term holding. Because if stable cash flow and reserve fund are ready, it will give you a different confidence, because at that time you will be ready to face all obstacles.
And in the case of investing in Bitcoin, real success cannot be achieved without long-term holding, because Bitcoin is a long-term potential asset, so those who have stable cash flow should invest in Bitcoin using DCA, and decide to hold for more than 10 years.
If the financial situation is stable, their investment can be maintained for a long time without any obstacles, and much good success can be achieved in the future.

To become a early bitcoiner, it is beneficial to learn to adopt Bitcoin quickly without wasting time. When a new starts investing in Bitcoin, he will be able to get a real idea of ​​​​the issues that will come with it. He will practically learn how Bitcoin is traded or deposited, which can further increase his progress and can contribute to his Bitcoin deposit quickly. I must say that those who are new will become more confident if they actually start depositing it.

The sooner an investor starts depositing Bitcoin, especially starting DCA, the sooner he will be ahead of his goal. DCA strategy will help an investor adopt a long-term strategy and grow his portfolio. Moreover, Bitcoin is a volatile currency, those who adopt it quickly and deposit Bitcoin, will get the opportunity to buy from the dip. This will help an investor quickly reach a profitable position. As soon as an investor starts depositing Bitcoin, he will have an opportunity to increase his knowledge area about bitcoin as well as grow his portfolio.

Your advice to Bitcoin newbie investors is commendable. Since the market is 100% unpredictable, it might be absolutely suicidal to attempt timing the market, so rather than timing the market or focusing on the short term fluctuations of the market, it’ll be more beneficial to develop a long term investment strategy. This strategy might involve setting a budget, setting out a particular investment amount that one can invest on a regular basis without feeling overwhelmed and most importantly, sticking to that long term plan for at least one market cycle. In a nutshell, sticking to the traditional DCA strategy can be extremely beneficial, especially for newbies that are still trying to learn how to manage their portfolio and also navigate the Bitcoin market.

By sticking to this approach, they’ll be able to experience the benefits of the DCA strategy, which helps to reduce the impact of high and short term volatility in the market.
This approach also teaches an investor how to be disciplined and patient, which are very essential qualities an investor need to posses to succeed in the market. This is so because they’ll be able to learn how to ignore the short term fluctuations of the market while fixing their gaze on the bigger fish, which is achieved by having and focusing in their long term goals.

Financially stable people will easily make any investment plan including the strategy he plans in investing in bitcoin so it will be easy for those who are desired when they have a stable cash flow.

I believe when they have stable finances they will think about investing for the long term, they already have reserve funds so investing in long goals makes them confident in the future, especially by buying consistently all the time then the travel time he lives with long will not have obstacles because finances are quite stable.

If you are financially buoyant you can start your investment you don't have to do all those assessment you just mentioned before starting your accumulation you can start your accumulation and as time goes on you start planning your self properly the reason why I'm saying so is because you won't know a lot of things about Bitcoin investment until you go into it like me for example it was when I started accumulation that I started knowing the important things I should access and evaluate.
So if you are financially cable to start accumulating Bitcoin all you need to do is learn how to buy and hodl the rest things you need you will learn and start doing it as time goes on, you don't have to know everything before starting, when you have started your accumulation journey you will know the strategy that will suit you well you won't know if you have not started accumulation.
There's a saying that " you will never know the true test of a food until you eat it." That is how Bitcoin investment is.

Financial buoyancy doesn't mean one is ready yet for investment. However, it is more a criterion to being any investment which is having the capital yet and stability to invest in the long term. Just because someone has the money doesn’t mean they should invest without a plan. A person should assess their goals, financial obligations, and overall strategy before investing in Bitcoin. Most persons who started investing a long time ago and held till this current ATH. It was not all about the finance alone but the goals they set for long term.

Hahahaha, this statement got me laughing so hard, lol


I understand your points and that is the reason why i stated that even though we might consider the price of bitcoin to be high now, that we should see it as a cheaper price considering the fact that we are looking up to hit $1m which someone who bought bitcoin now will be considered a DIP price when bitcoin finally hits $1m.

My suggestion may be needless but i was literally saying based on the recent price of bitcoin which many see as a very high price to buy bitcoin but since Wind_FURY has stated that there is not need to be changing topic when the price DIPs and when it skyrockets, definitely no need for a change of topic either, in order for there not to be a misconception. Therefore, i withdraw my initial suggestion.

We could have several years of portfolios ending up in the negative, so bitcoin is not guaranteed to go up, even though right now it seems that there is quite a bit of upwards momentum... yet personally, I doubt that the strategy for any bitcoin newbie should change, and it seem to me that any newbie should be considering to put plans in place to buy as much bitcoin that he can for at least a whole cycle, and then perhaps reassess after that... and surely some folks will get distracted by price, and it can be quite difficult to figure out price, and from my own perspective price may not matter that much to a newbie, especially if he is largely just drawing a certain percent of his regular income. 

Surely if a newbie has large opportunities to front load bitcoin by lump sum investing or other ways of front loading, then he might get himself in a position to adjust his strategy sooner than 4 years, otherwise, it seems that newbies should largely just be attempting to accumulate BTC through ongoing, persistent, consistent and perhaps aggressive buying for a whole cycle.. and then reassess thereafter.  Everyone is responsible for his own decisions and actions, and even failing/refusing to invest is a decision/action.