Topic: Buy the DIP, and HODL! - page 89. (Read 75928 times)

Everyone has their own thoughts.
Investing in Bitcoin is indeed quite promising for the future and there are those who doubt that, but what must be understood is that the profits that will be obtained are quite commensurate with the risk, meaning that if we invest in Bitcoin with a small amount of funds, we will not get large profits.
I don't mean to be greedy in taking profits, indeed we have to be realistic but there is no harm in taking big risks for big profits, especially if we only use a small amount of funds to invest.

Recommendations about investing of bitcoin is absolutely right.In my experience I have been invited in locally share market in my country but a huge loose in my portfolio.If I know before about bitcoin investment could not investment elsewhere.

For those who are trying to invest in new real estate, it can be good to start investing with Bitcoin. When I first invested it was very difficult for me because I didn't understand about real estate investment at first so I invested all my money in Bitcoin. Slowly.  When I learned about investing, I started investing using DAC method without investing full money and gradually gained a lot of money.

Yes if a person has a small amount of funds to invest in the initial stage then it will be better and safer to invest in Bitcoin than investing in other coins. Bitcoin has a method that anyone can start investing in Bitcoin from any amount of money we can call that method as DCA. Many are already enjoying the benefits of investing in this method.
Those who cannot afford to buy large amounts of Bitcoins invest their Bitcoins using the Dollar Cost Averaging method. Not only do we benefit from investing in the dollar cost averaging approach, but investing in this approach must continue and hold for the future. If you start investing your bitcoins with the DCA method and are not able to hold it for a long time then there is no value in investing in this method.

It tends to be quit difficult for regular people (even people who are really good with math) to appreciate the power of exponentials (and compounding), and sometimes even people who make mistakes and they cash out some of their earnings at various points along the way, they frequently won't realize how much they are losing out when they extract profits along the way, especially when an asset like bitcoin has had many tendencies to double .. and surely those guys that got into bitcoin in the single digits and double digits experience even more doublings.. so of course, it depends on when you started, and like I kept mentioning some of your coins are going to have lower cost starting points than others, and frequently we might strive to average out our costs in order to attempt to make our calculations easier and there is not necessarily any one correct answer - even though sometimes record keeping and analysis can get sloppy when there might be a lot of small purchases that are spread over several years, and maybe even spread over decades...

which is part of the reason why I am such an advocate of learning and using a program like Excel to help you keep track of some of these kinds of matters... and sometimes by playing around with  this kind of information, you might come to understand the matters better.. including that in bitcoin frequently there can be very long periods that seem like a lot of stagnancy and very little movement in the BTC price, but then sometimes also there will be stair steps upward (or even sometimes stairsteps downward), but since the trend has been mostly up, guys will some times get lost in the down trends, and fail to recognize and appreciate the up trends.


From my perspective, you seem to be getting the wrong lesson from the information about bitcoin's to-date exponential price history, because you cannot expect any additional doublings in bitcoin's price in the coming 4-10 years or more, but you can still attempt to prepare yourself by understanding that you could lose everything that you invest, but there are also upside scenarios that may or may not end up playing out in the coming 4-10 years or more.. and I am not sure what your investment timeline might be, 10? 20? 30? years, perhaps?.. and if you are not in bitcoin and if it does happen to end up going up in price, then by not being in, then you are not going to benefit as much from the upside scenarios that might end up playing out (and might not end up playing out).

Sure, bitcoin continues to be amongst the best of investments currently available (if not the best investment currently available with likely increasingly strong investment theses based on a variety of factors including ongoing and continued building of its 7 network effects, as outlined by Trace Mayer, yet even with so much ongoingly good news about bitcoin, there are still no guarantees that its price is going up rather than sideways or down, even if you keep investing into it for 4-10 years or longer..

I can't get you clearly on what you are trying to say but I want you to understand that the DCA method will only be beneficial to you or anyone else if you are  a long term investor, because to me right now, it doesn't really matter at what price you are buying weekly or monthly currently, the most important thing is to accumulate more Bitcoin as much as possible and put down measures to safe guard it, so that it wouldn't be spent, because when the bull run have finally come, that is when you will know that all the price you bought during the accumulating process was very cheap compared to the price it will skyrocket to.

Many investors, both old and new investors, have used the DCA method. They have felt the benefits of the DCA method. What they may forget is the time to buy Bitcoin regularly. So they need to make a special schedule or have reminders to continue carrying out the DCA method.

Investors don't need to monitor the crypto market too often. The DCA method allows you to buy Bitcoin regularly, no matter how the crypto market moves. We can try to buy Bitcoin during a dump, but the problem is that we don't know when Bitcoin will get a dump. And our only chance of collecting Bitcoin is using the DCA method.

And it's okay if we buy Bitcoin when the price is above. There are other times when we can buy Bitcoin using the DCA method when the Bitcoin price is below. The important thing is that we have allocated to continue buying Bitcoin using the DCA method.

I don't see any other alternative to DCA method to get profit from investing. If any investor wants to make profit from investing then he must adopt DCA method. To use DCA method investor should always keep an eye on cryptomarket whenever cryptomarket.  At the time of dumping, investment should be done using DCA method, if you invest in it, the amount of profit will start increasing gradually. Otherwise, if you make a wrong decision to invest, there will be more chances of loss instead of profit.

If you use the DCA method, the loss will be very less, but you should always be aware of the market. If you buy when a dumping position occurs in the market and later if you make a profit, it will definitely be credited to your wallet as part of the profit. But when you buy from high price if the market comes down then of course you will face loss and that's why you have to resort to DCA. Your investment style is right you don't invest whole money but invest according to a certain percentage, it will always save you from losses. Always you use DCA method and invest, it will be good for you, and you can get good amount of profit in future.

If a person has small amount of funds to invest then I will suggest him to invest in bitcoin as we all know bitcoin is very safe to invest. Since small funds it will be safe to invest in bitcoin instead of investing elsewhere. First invest elsewhere.  If he faces loss then he will fall in the first position. So if he wants to earn profit from small funds, he has to choose Bitcoin and invest then he can make more funds from small funds.

I have benefited a lot by investing in DCA method because when the market condition is bad I invest some and then when the market condition is good then a good profit accumulates in my account. And if I invest full amount it is very big for me.  There may be problem. So I invest some money instead of investing full money and use DCA method with the rest of the money when the market is dumping. I have more chances of getting good profit. I think everyone can use this method to get good profit.  There will be possibilities.

So it's rather exponential than in terms of multiplication, I used to think that it's kind of a doubling effect where my capital would just keep increasing, but now this is totally mind blowing, giving long term holding a stand point as the best approach anyone can have, just imagine how much people that sold their holdings earlier would be regretting now that this compounding value has reached more than 120x in just 8 years, I have never heard of any investment than can give such returns of investment in a short time.

And from the way I see it since I'm still a new investor, just 3 months in, in think I the next 4 years I would be expecting a 4x* 2 doubling effect on my holding, then just imagine keeping to the plan of holding up to 10 years or so then I would be having almost or if not more than 150x compounding value on my portfolio. I guess choosing to be a holder wasn't a bad choice at all.

Of course we have to be smart and not believe too much in some stupid arguments that give advice on buying shitcoins. We only invest in Bitcoin because it has been proven to be able to provide better resilience than shitcoins which can go to zero. Yes, you are right, ignore those who give unclear advice because currently there are lots of misguided people who come up with various ways to confuse our minds.

Investing in Bitcoin, especially with the DCA strategy, is the best way to apply it. as we can see Bitcoin is now trading at $51k and if we buy at 15k of course the profit will come to us. But I hope everyone here remains focused on continuing to hold because Bitcoin will be a very valuable asset that we can pass on to our children us in the future.

you actually advising someone with low funds to gamble with the only funds he or she had in investing in a certain shit coin. And don't forget if you have low funds and wanna invest you can try using DCA method to buy little quantities of bitcoin (not necessary you have to start investment with one bitcoin) than to invest in coin with higher risks. Is better invest in bitcoin (which is more safer) with an ensuring profit expecially when it's an long-term investment. As you keep on accumulating with DCA strategies with time you would see your portfolio getting mature and you would also see good evidence that your hard work is paying off. And you can use the remaining percentage of money in covering some expenses (known as emergency funds).

Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance (or lack thereof) technical knowledge differently.

It seems to me that I am placing less expectation on what people need to do or what they need to know or even trying to direct them towards learning more about bitcoin, because in part, I am having troubles appreciating why anyone really needs to know jack shit all about bitcoin in order to figure out some kind of an investment strategy or to develop an investment thesis.

There are a lot of people who are lacking in knowledge in a lot of ways in regards to a lot of things that come up in their lives, and their motivation to act may well be based on the mere fact that all of their friends are doing it.. which is likely going to be the same for bitcoin... and someone's investment thesis in bitcoin might be good enough to decide to get into bitcoin merely based on the investment thesis that his buddy Windy got into bitcoin, and whatever Windy does, he is going to do.  

Yeah, it is all fine and dandy that the guy learns more about bitcoin, but it is surely not necessary, and it is probably way more necessary that the guy learns how to manage his own personal finances in terms of making sure that he does not invest any more than his discretionary/disposable income allows, rather than his having to know anything about bitcoin beyond the fact that his buddy Windy is into bitcoin.

So, from my perspective having and developing some kind of investment thesis for bitcoin is way more important than having any kind of technical knowledge about bitcoin, but hey, whatever to each their own..  if you want to continue to proclaim that it is a good idea for normies to develop technical knowledge about bitcoin in order to be better and stronger handed investors, then that's your choice... I personally consider technical knowledge about bitcoin to be a kind of nice thing to have (or consider.. a kind of optionality) rather than anything that is necessary in order to either invest into bitcoin and/or to increase your bitcoin position size.

Of course, the more aggressive that anyone is going to be in any investment, including bitcoin, then the more likely that he is going to need to know more about how to manage his finances (such as how to make sure that he stays within his discretionary/disposable income and has decently good ideas about his emergency fund, reserves and/or float), but that still concerns his own managing of his finances, cashflow and expenses rather than having very many clues about the thing that he is investing into.

In other words, I consider technical knowledge about bitcoin to be ongoingly way overplayed by people pushing that kind of unnecessary (and potentially misleading) narrative, and maybe on my below list of 9 items, I should even attempt to deprioritize number 4 more and more..



That is really dumb.  

Fuck shitcoins.

You surely don't seem to understand bitcoin, and the fact that you are here pumping and/or talking about shitcoins is also pretty questionable, when this is a bitcoin thread, and if you want to talk about and/or pump shitcoins, then that is a topic of another thread. .since this is not a thread that involves comparing and/or contrasting which shitcoins might be less shitty, and therefore any discussion about shitcoins or pumping any one of them - which you are so vague in your comment that you don't even mention any particular shitcoin, but instead vaguely suggest that shitcoins, as a category, might have an investment thesis that is better than bitcoin in times like these - which truly is nonsense to the extent that you might be considering gambling to be a form of investing, since without further study there are no shitcoins that would justify investing into them rather than getting in and out including your vague-ass reference to shitcoins as a category to invest into rather than bitcoin, during these kinds of times.


Truely you are one lost little puppy, and likely do not even understand the meaning of the term "invest," since you are using such term in both a vague way and also in a gambling kind of way that lacks any kind of foundational principles regarding either what you are talking about, when and/or how to invest.. .and yeah, even if you are supposedly focused on the top shitcoins (presumptively using their marketcap to increase your abilities to gamble), it is like you are using the term "invest" to mean throw your dart at this wall of potentially valuable landing points (that involve "top shitcoins") and hope that your dart hits a spot on that wall of "potentiality" that is going to end up pay off. because they are already "top shitcoins.". .and since the items on the wall are kind of like bitcoin (because they are imitating bitcoin and they have been doing a good job of imitating bitcoin (thats why they are top shitcoins) and relying on bitcoin's security) the landing of your dart on this vague-ass top shitcoins wall of possibilities is even likely to pay off better than bitcoin.

For me, it's actually the opposite of what you said, because I see that the top altcoins can also sink more deeply when the market and Bitcoin don't improve in the long term. Indeed, I also don't consider the top altcoin a bad choice as long as it is only for the short term, but if someone has the initiative to invest in the long term, of course the smarter choice is Bitcoin. Because basically every investment must be carried out patiently along with sufficient capital so that you can consistently maintain it for a long period of time.

Well, in this case I don't know why you say that choosing Bitcoin is not a smart choice on the grounds that it is a highly speculative asset. In fact, any altcoin also carries quite a bit of risk because they are all highly speculative assets, except for stablecoins which are generally not an investment option for many people. But on the one hand, I also appreciate your thoughts even though I have never done anything like that if the goal is for the best investment and long-term profits.

It's not really a smart move if you're short on cash and can't afford to take the risk then putting your funds into a high speculative asset is downright risky. Your investment will not always be ideal because if you want to venture into a bullish market, you need to take risks and prepare for it by buying altcoins. A top altcoins will not suddenly sink full but your patience will lead you to the right destination. We invest in crypto only because of profit so having knowledge to pick best time and token is more important.

Every beginner is very good if they use the DCA method in investing and they only need to prepare capital every purchase date they have planned and do it consistently for results that match the target they want. Of course this will be very good for those who want to collect and hold it. over a long period of time for the benefits they desire.

Yes, it is very relaxing to use the DCA method but we also have to have a steady income so we can buy it with part of our income and it will be very difficult to do it if we don't have a special income because it could be that at the date of purchase we don't have the funds to be able to collect it so we have to miss that date.

Of course, the DCA method is the best choice among other methods for all investors and beginners because it is very easy to understand and apply, because it is simple and is not influenced by any negative factors. And it is also very comfortable to use for long-term investments and can also minimize risks due to highly fluctuating market movements.
DCA is a relaxed but sure way in terms of profits and this is real. And the most important thing is to consistently make purchases in stages to achieve planned financial goals, and if we apply the DCA concept in the long term, we will be able to meet our future needs earlier.

No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL.