Topic: Buy the DIP, and HODL! - page 94. (Read 77564 times)

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin


Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe

Your suggestion for what should be considered a long term investment in Bitcoin is not bad. It will allow one see various halvings activities and experience market cycles. However, it does not really have to be that long to be considered a long term investment. I am in agreement with JayJuanGee that 4-10years is a good target even though it could be longer. This range is enough for any investors to be able realize a reasonable stash of bitcoin also gauge his level of patience and commitment to the bitcoin buying process. By the present Bitcoin market cycle, the same period will most likely give but bull and bear market which will give the investor clear of how bitcoin price behavior is for each of those seasons.


I don't know how you arrived at this conclusion and if there is any substance to such claim. Are you saying that by 2030 the block reward will be zero? What do you mean by the peak. Or should I assume you are doing some technical analysis stuffs that make you arrive at such conclusion.

Whatever be the case, the most important thing is to buy and hold bitcoin, that is the only way to find out what the future will look like. The worst thing is to sit by the sideline while others are buying and securing their bitcoin portfolio.

That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years.

Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.

Judging someone who learns too much about Bitcoin at the risk of having their bitcoin investment delayed, I don't think that's right. Because you need to know that every potential bitcoin investor has different traits, characteristics and desires. So of course there are potential investors who are very careful, there are also those who are just average (medium), or the worst are potential bitcoin investors who are too ignorant (don't study Bitcoin at all). So, of these three characteristics, maybe your opinion (@Tmoonz) is more inclined towards those who are just ordinary (medium) cautious. Because this is in accordance with what you explained. This means that when you want to invest in bitcoin, the scientific step (learning) is just to learn the basics about bitcoin. And the steps will definitely suit you and people who have normal alertness.

However, this is different from people (potential bitcoin investors) who have very high caution. A typical person like that will definitely never feel satisfied so something he is going to do (invest in bitcoin) has not been studied thoroughly. Because in essence, typical people who have high caution basically always want more details when studying something like Bitcoin. Because if there are no details, prospective bitcoin investors who are very careful will definitely not feel calm.
So at this point I assume that your assumptions(Tmoonz) are only intended for people with average (medium) caution and cannot be averaged out to all potential bitcoin investors.

Because in conclusion, every bitcoin investor has their own style and method when investing.

Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment  that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make

Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment  that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make

You have to understand that not everyone thinks or reason the same way,  most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go in all on an investment when they believe in the project, without considering what might happen if it goes against them.

But as for me, I prefer to have some other business working for me aside my Bitcoin holding, and if am investing into cryptocurrency, it's only Bitcoin I am considering because to me it's only him that is worth it, though I don't fancies gold, but land is very good investment to consider.

Right now what am doing is just focusing on my business which have been the brain behind my ability to be funding my DCA method weekly,  and also standing as a source of regular income, that have kept me going during this accumulating process.

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin


Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe

You seem to be saying something slightly different from what you were saying originally, even though perhaps you are sticking with your guns in regards to some necessities for some basic kinds of knowledge and/or conviction about bitcoin, and in that regard, I might not be saying anything too different from you - except probably I am differing in regards to my emphasis to get started investing into bitcoin right away and figure out the details as you go, and of course, the most important details happen to revolve around personal finances, and I stick to my original assertions that technical knowledge about bitcoin is not very necessary, but surely having some ideas about its design facilitating the soundest of monies is a good thing, yet how it does that can be learned along the way, and likely as people learn more and more about bitcoin, it is likely that they will come to realize that each detail of bitcoin is amazing, like you mentioned proof of work, but also the difficulty adjustment and the various ways of confirming the proper chain so that there can be no more than 21 million bitcoin..

and some of the technicalities can become quite difficult to understand - but some assurance can come from bitcoin continuing to run for more than 15 years in spite various attempts to attack it and break it... so the details are likely not even really known by long term hodlers... yet there likely still are needs to get started investing into bitcoin sooner rather than later and also to adjust position size in accordance with personal finances, with perhaps a beginning goal of 5% to 25% allocation towards bitcoin that might take a while to reach.. while at the same time studying the matter to figure out if a change might need to come in terms of allocating outside of that range and then considering how to treat ongoing and likely inevitable volatility in regards to BTC price changes.

You have to understand that not everyone thinks or reason the same way,  most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go all in on an investment when they believe in the project, without considering what might happen if it goes against them.

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin

Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment  that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make

No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin


Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe

A person who invests in Bitcoin will never worry about the price. Because the DCA method of investing allows you to invest in any position at any time, as it controls the average of the Bitcoin price.
That's why I think the DCA method is the best, but the time limit for Bitcoin investment should be at least 10 to 12 years. Bitcoin will reach its peak after 2030, and you will be the participant who will benefit from the most investment.

Bitcoin investment compared to other investment can make newbies who have the zeal of investing in bitcoin lose interest.It also increase fear of loss and indecision in bitcoin investment.So on the contrary, bitcoin should not be compared to other investment because bitcoin investment is a decentralized investment that is best for long term(hodling)with the belief that the price will go to the moon.

Like what other investments? what investment is better than bitcoin?

You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin.

Yes, despite the strong feeling towards Bitcoin it is very unsafe to solely become much dependent on the profit to be gotten from our Bitcoin investment. Aside Bitcoin there are other physical investment that could be worth our money especially when a person has enough resources to meet up his Bitcoin investment and the alternate investment.
Bitcoin would give profit same with the other but in the case of Bitcoin likely as you said, may not be able to get the opportunity of collecting back your profit at the right time at which it is needed due to the market experiencing a dip.

Aside Bitcoin there are other physical investment that could be worth our money especially when a person has enough resources to meet up his Bitcoin investment and the alternate investment.

Bitcoin would give profit same with the other but in the case of Bitcoin likely as you said, may not be able to get the opportunity of collecting back your profit at the right time at which it is needed due to the market experiencing a dip.

Firstly let's be realistic, there's no point comparing real estate and bitcoin investment in this thread. If you're actually referring to people who sell quickly then you're getting it wrong, bitcoin investment is a top choice using the DCA strategy, the reason why people choose this method is cause it allows you to have control when buying. We've heard a lot of stories about investors who buy in bulk and sometimes they get little or no profit due to the excess expenses at hand and they get forced to sell quick.
Those investors are totally different from knowledgeable investors that knows the system, investors who choose DCA know what they want and sometimes it helps in financial management whereby it allows you to invest and at the same time settle other needs.
In the aspect of knowledge, if I may ask what knowledge are you referring to, note when starting bitcoin investment it's not a must to acquire every knowledge at the same time, I started my journey with little knowledge and I'm still acquiring bitcoin knowledge. No one actually said you can't invest and learn at the same time, the only difference here is don't buy aggressively as a newbie

I will not completely call selling bitcoin a mistake because if there were no sellers, there won't be buying and selling. Buying bitcoin and selling at $100 is not also categorically a mistake because that may be the target of the investors as his vision is limited to X10. People will continue to sell bitcoin based on their personal objectives which varies per individual, what I consider not proper is to assume that selling bitcoin generally constitute a mistake.

Investment in bitcoin generally have two phases namely: the accumulation phase and the liquidation phase. The accumulation phase involves building the portfolio and that is where we apply the various buying methods and how to be able to HODL the purchased bitcoin. beyond this accumulation phase is when it is expected that the investors should cash out some of his bitcoin asset at least to enjoy the dividend of his investment. This phase should also be followed systematically in order not to run out of bitcoin or end up regretting the manner in which it was done. I do not support selling too quickly because I see bitcoin beyond X10 as in the example you have given.