Topic: Buy the DIP, and HODL! - page 80. (Read 88931 times)

I see you are a newbie at Iamgoat; you should be doing more learning than trying to teach others about bitcoin now so that you will not have bad impressions about bitcoin or mislead people here. Bitcoin has always been the leading coin in this space and it has no competitor, and it was because of the existence of bitcoin that shitcoin started appearing from nowhere. What bitcoin is doing now is creating room for more adoption in the world and for it to be accepted as a means of payment in more countries. Bitcoin has been compared with assets like gold. You know bitcoin investment is safe, but you just want to go and invest in shitcoin. Investing in shitcoin will only make you lose your money because it is a pump-and-dump token that is just after your money. Bitcoin was created for everyone, but you can't be forced to use it. Stop mentioning shitcoin here; there are threads for shitcoin if you want to talk about shitcoin.

I’m truth, one can not always buy Bitcoin at the very dip, can you?
Remember that Bitcoin is volatile and even the dip doesn’t announce itself to be the dip neither does it rest there for a long time and should you be waiting on the dip to take a buy, you might be waiting for such a long time and wasting a lot of buy opportunities along the way.

One mistake I feel people make now is that, we often seem to be more realistic about Bitcoin losses and don’t think much of the losses we make to other industries like gambling and whatever we are invested in. Even the money we might spend on hoes, lol… But yeah, those are the real losses.

In fact, you’ve not loss your Bitcoin even in the event of a bearish market and you’ve not sold. I made a thread about this only the day before Loss in Bitcoin holding is a dollar validated idea. So long as you continue to hold your Bitcoin through the bear season, though the values might drop as per dollar validation, your Bitcoin stays the same and that ain’t a loss. It would go up again and you see the price appreciation, the more reason why holding is a good practice and you could always buy more when the bears are pulling on price.

These should never be blamed on others. Investments are always at the risk of one's own money and if the money is lost after investing, then one has to take full responsibility for that loss. I don't have much idea about investing but another investor has idea about investing and I approached him to get ideas about investing.  

After asking him about investment he gave me idea about investment and according to his idea I invested and after investing I suffered some loss then if I blame him then it will be like learning from teacher and blaming the teacher. When the teacher teaches us, he wants us well but if we go on our way without taking his education and at a stage of life when we understand the importance of education, if we blame the teacher, then it must be our mistake. I got some idea about investment and immediately invested but it is not that easy at all.

If an investor has so much trouble investing in bitcoins or so much trouble in coin selection then why doesn't he think of investing in bitcoins. If the investor is thinking of investing in Bitcoin, he does not have to face so many problems. If you invest in bitcoin, you don't have to do so much problem because if you invest in bitcoin, there is no possibility of losing bitcoin from the market, but the risk of money will be much less. We only need to know about investments and try to invest after knowing the right information about investments.

Those who are true investors will never invest their entire money. Some of the new investors make this type of investment mistake, but they definitely make this type of mistake with some misconceptions. I have been involved in investing for a long time and I know about investing but I would definitely not make the mistake of investing all my money in Bitcoin. Rather, a new investor who has learned about Bitcoin investment through someone else will have it in his mind that the more he invests, the more profit he will make. With this type of plan he is investing and using whatever he has in investing as well as borrowing. After investing in this way, when he realizes that the profit is not as expected or he has to wait for a certain time for the profit, he realizes his mistake.

You said Bitcoin is almost guaranteed I will add something to you, I would say never suggest to anyone that investing in Bitcoin will make you a guaranteed profit because we have to wait to make a profit as well. If you advise a new investor that investing in bitcoins will definitely make you a profit, he will forget about the temporary loss and just think that it will work and he will make a lot of money as he invests. As a result, when he is practically investing, he may blame you when the results do not go to his liking. You can only suggest him bitcoin as good coin and investment should be patient and wait both profit and loss can be something you have to say. After knowing these things, if he wants to invest with the risk of money, then you must welcome him to invest.

Not only this time but there have been many times in the past that we have not been able to invest and since then Bitcoin has seen a lot of positive changes. In this case, I would say that investment risk can be taken at any state of Bitcoin's value. This time is the season of Bitcoin halving in this season the price of Bitcoin is usually reduced to half. If you advise any investor to invest in this season then definitely advise him to invest in DCA investment method. If asked to invest in the DCA investment method in this season, that investor will have the opportunity to invest by compromising the price of Bitcoin dumping and pumping, as a result of which it will be seen that even if the market is dumping, he is not losing much. Since the market has gone down a lot during this time, if you invest now and if you can wait for a long time, then you can definitely get something good out of that investment.

Before the drop of bitcoin the price was about $71,000  and I never expected Bitcoin will fall to the amount that it is  right now. To be honest Bitcoin at $61,000 right now is huge opportunity to buy more to hodl. It is so funny to see people not willing to buy bitcoin when the price is low but when the price of bitcoin is increasing they have this strong urge to buy just because bitcoin price is increasing. But the best time to buy bitcoin. The next increase we may likely see the price of bitcoin can 80- $85 and if the price falls dip I doubt it will go down to the at which bitcoin  is right now.  

That is why it is always good to buy bitcoin at every dip because the price of bitcoin is just like a journey that will take time to buy at that low amount you wish to buy. Don't neglect the current dip because every dip comes with a profit in the future if only you hodl.

Bitcoin is going to be a good opportunity right now, those who are considering to invest in Bitcoin should invest now. Because maybe he may not get such an opportunity. If you want to hope for the best, your goal should be to hold for the long term, not to sell. Those who are pro-bitcoin investors, hold their posts until they get a reasonable amount, and their goal is not to sell or focus more on the value of bitcoin. Only they can achieve something good in the future. DCA is the best strategy to build a good portfolio in Bitcoin. All those successful investors have invested using the DCA method.

If you have basic knowledge about Bitcoin, you just need to deposit Bitcoin using DCA method. And slowly learn about Bitcoin and focus more on holding.

Fuck AI, am tired of people just trying to sit down and get everything through the press of a button. This is gradually introducing laziness and one side knowledge into the society. People want to have everything at ease without wanting to put efforts into findings. Why not we do things our way and be original.  In the course of carrying out research on your own you will learn more, than depending on already or half baked information the AI will produce. The use of Machines should be discouraged where humans are expected to use their head and think and make findings on their own. When people like that starts using AI for bitcoin history and other facts about bitcoin, then there is every possibility that they will start depending on AI for their posting in the forum and you and I know that the forum frowns at the use of AI tools. People should learn how to be original and think on their own.

That is actually your own perspective of how you want to go about it, but you have to take note that buying only when the market is down will definitely make you lose so many buying opportunities, which will make the amount of Bitcoin in your possession less compared to someone that is buying through the DCA accumulating strategy, because you will definitely miss so many buying opportunities thinking the market will go deeper, while someone buying with the DCA accumulating strategy will just keeps on buying irrespective of the price, and he is going to buy the dip and the deepest part of the dip also unlike someone that is waiting for the market to deep further before buying, which might not happen eventually, so my brother, DCA method is the best when it comes to accumulating Bitcoin.

And another thing you need to put into consideration is that most investors that have been accumulating Bitcoin through the DCA method sees this deep kind of market as an opportunity to buy aggressively, which will definitely going to be a major plus in their accumulating journey, as long as it doesn't affect them in financing their day to day activities.

DCA method is best in all aspects because all investors use this method to invest and accumulate bitcoins.  Because this method is so best that it helps to control the average price, because even if you invest in the rising price of your investment, your Bitcoin investment will still be the average price control.  And even if the price of Bitcoin is dumping, if you keep investing in Bitcoin, your price will be under control.  So any time this investment is also suitable.



The only DCA strategy discussed here is Bitcoin, because when you talk about the unique coin Altcoin (like using fuel to put out a fire). Therefore DCA method of investing is only applicable with Bitcoin as it has been surviving in the market for a long time with reliability. So investing in this Bitcoin is safe and it will definitely get the most value if invested for a long time.

No mate, approaching Bitcoin investment by making buying the dip as a primary strategy can be very wrong. Yes , in as much buying when the price has dip or in bearish season gives price lower than it's previous high can be good as it gives the opportunity of buying more of Bitcoin with Same amount at a price lower than it's previous high, but solely depending on buying on the dip only can lead to procrastination and missing buying opportunities why waiting for the dip that you are not certain, you can buy at the dip and the market can keep dipping further and also Bitcoin can go up to a certain level and never come back to the very price you were considering to be high, so instead of waiting to be buying at the dip, you have to keep buying with you dca either weekly or monthly according to you financial situation while you make arrangements for the ups and downs that may happen or not. Generally, what am saying is that buying the dip shouldn't be seen as a primary strategy for Bitcoin investment especially if you are still early in your accumulation process but should be seen as a secondary strategy for accumulating Bitcoin especially when it comes to Bitcoin long term investment plan which is the concepts of the this thread. However, those who are already at their maintenance level may not necessarily be buying frequently using the dca any more but with a reserved fund they can buy the dip only while those that are still pretty much early in their accumulation process can be buying aggressively by maximazing every buying opportunities without over doing it considering how much of discretional/disposable income he or she has after taken care of his or her personal up keeps, provisional emergency, reserved and float funds that will accompany him or her in their Bitcoin investment.

actually mate this thread is all about HODLING means we should buy when the market is dumping and
keep them for some years ,though DCA nowadays is bringing good return to those who uses this method yet
for me , buying when the market is dip and keeping them is safer than any investment method we have when
we are talking about bitcoin .

Am not going to lie and at the same time don't want to be rude i am getting tired of this AI predicting the price of Bitcoin conversation here. AI is a technology developed by humans it was made to make things easier and faster but it is not accurate. The responses it gives are drawn from data all over the internet that he was giving access to. Any unauthorized data somewhere without permission given to him he can't access them. AI's little predictive abilities are inaccurate. And what is the need to use an AI when it is no better than our opinions and findings?

I think we are driving ourselves out of the discussion in this thread, bitcoin halving is just at the corner, a day left to it. We you still be buying during the halving or you would have to wait until after the halving? Perhaps you are dcaing, would you consider buying the dip when it comes in this halding? When I mean dip I mean below 60k.

Why bother wasting precious time in finding which shitcoins to invest on when you are already aware of a coin made with potential of growth which is your one and only Bitcoin. Because telling newbies to research on which shitcoins to invest on , is like telling someone to use fuel to quench fire ( in other words misleading others). Though most people are fond of this excuse that Bitcoin is to expensive for them and all that , so they can't afford it so they won't bother investing , which is all wrong. Though we all aware that Bitcoin is expensive and a that.  But no one is telling you that you need to purchase one Bitcoin first before you can start accumulating ( though you can do that depending on your financial capability) . But still is not necessary that one need to start with purchasing a whole Bitcoin first , but one can use  the different strategies in accumulating Bitcoin, like DCA , lump-sum, buying the dip . Expecially DCA purchasing, by purchasing bitcoint at different price interval without bothering yourself with market movement.

A person should invest only as much as he can afford to lose, because investing in cryptocurrencies has a high chance of profit and loss. Therefore, invested assets should never be over-risked, but investing in Bitcoin is inherently guaranteed. Because Bitcoin has been faithfully surviving in the market for a long time, now investing in Bitcoin with DCA method will surely bring investment success. But investing anywhere other than Bitcoin is foolish, so one of the strategies to set yourself up for success is to earn Bitcoin by investing in the DCA method.

No no JJG I don't mean about believing on the prediction given by AI since its really a big OFF since AI cannot help us with that our critical thinking would matter the most in every situation we want to decide for our bitcoin.

But what I trying to point out is AI is helpful for research purposes for example a newbie want to research about price history of bitcoin for year 2008 up to  2024 information's will pop up there and they can learn something more faster by help of AI in that way. Also if they want to research about DCA, to hodl and other thing it can automate their research time and they can get the information more faster rather than spending a lot of minutes for researching it manually which can burn out them. Price prediction of AI doesn't prove anything yet that's why its really unreliable and we should really not rely our investment on this technology.

Why will you waste your time to start making research on which shitcoin to invest in, when bitcoin is already there for you to start investing in, without stress or fear of losing your funds, as long as you are on a lk g term investment.
There is no better shitcoin which anyone should invest in. Shitcoin is shitcoin, and they will always disappoint whoever buys them. Only bitcoin is the unique amongst all. You should not hype any shitcoin because they have no future and time will tell. I think that it is not only lack of knowledge that is making people to buy shitcoin but some people are too greedy that they want to invest very little and make huge profits within a short time. It is not like some of them don't know that bitcoin is king they know.

The thing is that some of them also have mentors that tell them the type of shitcoin to buy that will give them profit within a short period of time. This is where they get it wrong because they cannot outsmart the market by knowing when a coin will dump and crash. So they are trying to play a game which they know that is risky but they decided to give it a trial. This is why shitcoin buyers are people who are gamblers and are not serious to build their investment by putting their funds in shitcoin instead of bitcoin.

you should not blame anybody because what nice people to join a wrong investment is based on the lack to make a proper research concerning the particular investment that they want to venture into because a shitcoins can be identified able based on your research, but if you don't make a research you will not know a good shitcoin that worth to invest, that is why I always emphasizing on someone to make a research because you cannot compare this shitcoin with a Bitcoin because bitcoin have a more influence more than all this coins.

Just as learning and teaching people are different, I consider this to be a common thing shown by anyone in the world of learning if we understand the attitude and lay of humans in conveying their opinions, I also do not matter how someone with his expression conveys the truth about bitcoin here.

It's not about pettiness in my opinion, considering that from that kind of thinking someone wants to try an easy way to understand bitcoin, but I don't think it works well if you only rely on AI to receive information about bitcoin, first as you mentioned, it's not necessarily true, secondly the way the AI explains it will not be understood even if the AI explains in detail about how bitcoin works but I don't think it's easy to accept a mathematically written explanation of the technology, we need to have experience in network activity in order to understand, and I don't think that's easy either, unless maybe just learning about the trade, many people are skeptical about the technology in bitcoin itself. AI will only explain in general terms usually, and the data must be questioned about whether it is true or not.

It can be very wrong to completely digest what ever information that is gotten from AI, there must an all round check up, contrasting and comparing which of course requires critical thinking such that any one that shy or run away or probably procrastinate having this critical thinking by not making all the necessary contrasting and comparing are prone or become very vulnerable of absorbing wrong information passively which can be very misleading, short sighted and dumb.looking for such an easy landing can do more harm than good. However, one must be able to filter the information gotten from AI  to efficiently maximize the quality of information you have else you will be considered to be a time bomb waiting to explode by carrying about wrong information.

whichever choice one chooses to use in getting the right information is totally up to him but what's important is that you get the right information and apply it in such a way that it doesn't mislead another person or course the person to make wrong investment by virtue of the information he's gotten from you.

At the end of the day what's  important is that we know the fundamental information that it's best to buy Bitcoin if we have the resource to do so and those that probably felt that the price of Bitcoin was so high and that they should have bought it if it had gone a bit down, this is yet another correction that has presented itself to us and the best we can do is to buy as much Bitcoin as we have the ability to.

One problem is the sheer mass of people who are spreading misinformation. Not to mention that those valuable people who fight misinformation or misunderstanding might also be fighting ignorance. Some people spread nonsense without actually caring what they are spreading as it is just for the sake of spreading something. The bigger problem are those BSV guys who deliberately spread lies and nonsense. They put effort into getting things wrong about bitcoin. The little uneducated trolls probably don't even read the responses they get to their posts. Only a minority engages in an (un)fruitful discussion.


AI can be very good. ChatGPT can be very good. But it reminds me of the game Jeopardy where candidates are given the answers and they have to ask the proper questions. I like to use ChatGPT for some daily things, but I quickly noticed that the challenge is to get the question as good as possible in the first place, which means nothing but having a proper understanding of the topic before seeking insightful answers. AI and ChatGPT can be helpful and fun for really plain summaries or when you understand the topic you are researching very well. The problem is it can get you to follow the wrong path as you don't notice when it gets things wrong.

I think this is why people who use ChatGPT here to get their post requirements done, only ask very open, foolish questions that Wikipedia could answer just as well. It is indeed possible to interact with AI but only if the input from the user is high quality already or if it is plain mathematic formulas as AI usually doesn't make mistakes calculating things. But other than that I fully agree with you that the people who lack the ability or intent to to think critically are as lost with AI as they are with Wikipedia or any other superficial or even false sources.