Topic: Buy the DIP, and HODL! - page 96. (Read 77647 times)

It is a good initiative for you to start investing in Bitcoin instead of investing in real estate.The fact that you use the dollar cost averaging method to invest in Bitcoin is also an important step you take.This approach has made the journey of Bitcoin investment easier for all of us.In DCA method we can invest our bitcoin anytime and we have to plan to hold it for a long time.
By investing in Dollar Cost Averaging method one may not get good profit in short period of time it needs to hold for long time to get profit in this method. It was wise that you did not invest your entire money in Bitcoin because if you had invested your entire money you would have been forced to sell the investment when you needed the money. The advantage of investing in the DCA method is that we will gradually purchase bitcoins and hold them for a long period of time.

On the contrary wanting to have or learn much about Bitcoin could possibly leads to procrastination, you may end up not having Bitcoin in your portfolio because you feel you have not learnt much, from what I have learnt in this thread which I believe is the best, having the basics or fundamental knowledge of Bitcoin is all you need in your Bitcoin investment, while you tend to learn more as time progresses.

~Snip

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.

Many people fail in their investments in Bitcoin and all because they didn't learn much about Bitcoin.

The method is DCA, not DAC

Investing in Bitcoin requires patience because the price will fluctuate over time. People who are already invested in Bitcoin try to continue buying Bitcoin using the DCA method and holding it for a while. They have seen how Bitcoin can benefit them. That's what keeps them investing in Bitcoin.

Those who have a salary can use a small part of their salary to start investing. Unfortunately, there are still people who doubt investing in Bitcoin. But that's okay because investing in Bitcoin is everyone's choice. We cannot force them to invest in Bitcoin.

It is recommended that those who want to start investing in Bitcoin learn first. This avoids doubts or other things that could interfere with their journey in investing in Bitcoin. Many people fail in their investments in Bitcoin and all because they didn't learn much about Bitcoin.

It is a good initiative for you to start investing in Bitcoin instead of investing in real estate.The fact that you use the dollar cost averaging method to invest in Bitcoin is also an important step you take.This approach has made the journey of Bitcoin investment easier for all of us.In DCA method we can invest our bitcoin anytime and we have to plan to hold it for a long time.
By investing in Dollar Cost Averaging method one may not get good profit in short period of time it needs to hold for long time to get profit in this method. It was wise that you did not invest your entire money in Bitcoin because if you had invested your entire money you would have been forced to sell the investment when you needed the money. The advantage of investing in the DCA method is that we will gradually purchase bitcoins and hold them for a long period of time.

When we invest in Bitcoin we have to wait for a long time to get our profit. Most of all I feel hesitant to invest in Bitcoin because I know it is very safe to invest in Bitcoin.

It's foolish to expect profit if we can't hold it for a long time, so I think if we invest in bitcoins, we should hold bitcoins for a long time.

When we invest in Bitcoin we have to wait for a long time to get our profit. Most of all I feel hesitant to invest in Bitcoin because I know it is very safe to invest in Bitcoin. That's why I invest in Bitcoin most of the time. After some time I invest in Bitcoin.  It's foolish to expect profit if we can't hold it for a long time, so I think if we invest in bitcoins, we should hold bitcoins for a long time.
Investing in DAC method becomes very safe and easy. I know many people who get salary at the end of the month, if they want, they can invest in bitcoins every month with a part of their salary. Thus if they invest and buy bitcoins every month with some money, we can call it investment in DAC method.

When we invest in Bitcoin we have to wait for a long time to get our profit.

Most of all I feel hesitant to invest in Bitcoin because I know it is very safe to invest in Bitcoin.

That's why I invest in Bitcoin most of the time. After some time I invest in Bitcoin.  

It's foolish to expect profit if we can't hold it for a long time, so I think if we invest in bitcoins, we should hold bitcoins for a long time.

Investing in DAC method becomes very safe and easy. I know many people who get salary at the end of the month, if they want, they can invest in bitcoins every month with a part of their salary. Thus if they invest and buy bitcoins every month with some money, we can call it investment in DAC method.

It is a good initiative for you to start investing in Bitcoin instead of investing in real estate.The fact that you use the dollar cost averaging method to invest in Bitcoin is also an important step you take.This approach has made the journey of Bitcoin investment easier for all of us.In DCA method we can invest our bitcoin anytime and we have to plan to hold it for a long time.
By investing in Dollar Cost Averaging method one may not get good profit in short period of time it needs to hold for long time to get profit in this method. It was wise that you did not invest your entire money in Bitcoin because if you had invested your entire money you would have been forced to sell the investment when you needed the money. The advantage of investing in the DCA method is that we will gradually purchase bitcoins and hold them for a long period of time.

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.

Most at times people that make mistakes fail to notice their mistakes, especially in bitcoin investment and I think the reason would be that they fail to have a record that would help them track themselves, it's good for us as investors especially early investors like me to have a  record of every bit of amount they have invested and every case senerio they are working towards, so if they make mistakes they could easily fall back to them and make adjustments. A friend of mine said if you can't retrace your steps then you can't direct someone else, In a similar vein, without documentation for your investment, it's impossible to identify where things are going wrong.


I think it's good I invest what I am more prepared to lose, I would have said since uts investment it's kind of a 50/50 ratio of giving profits or crashing, so I have prepared myself by choosing to diversify in other areas like business which I told you earlier about and also real estate seems to be a good idea that has been coming to my head, but I just wanted to focus on accumulating bitcoin to a point then I begin my diversification after my emergency fund is set. I do have all this in mind, we can't always use bitcoin past performance to lay claims to what might happen or can happen in the future so instead we use this facts to guide our steps also preparing if things go south which is a possibility.

Most at times people that make mistakes fail to notice their mistakes, especially in bitcoin investment and I think the reason would be that they fail to have a record that would help them track themselves, it's good for us as investors especially early investors like me to have a  record of every bit of amount they have invested and every case senerio they are working towards, so if they make mistakes they could easily fall back to them and make adjustments. A friend of mine said if you can't retrace your steps then you can't direct someone else, In a similar vein, without documentation for your investment, it's impossible to identify where things are going wrong.


I think it's good I invest what I am more prepared to lose, I would have said since uts investment it's kind of a 50/50 ratio of giving profits or crashing, so I have prepared myself by choosing to diversify in other areas like business which I told you earlier about and also real estate seems to be a good idea that has been coming to my head, but I just wanted to focus on accumulating bitcoin to a point then I begin my diversification after my emergency fund is set. I do have all this in mind, we can't always use bitcoin past performance to lay claims to what might happen or can happen in the future so instead we use this facts to guide our steps also preparing if things go south which is a possibility.

You have made mistakes and you are willing to make corrections do history wont repeat again. Yes, making mistakes is no inevitable when it comes to Bitcoin investment but repeating it is stupidity. Accumulating bitcoin is quite the most acceptable advise anyone could give to a freind or family members because of the economic crisis. So i get angry when i see investors pulling out profit from their investment because of ceremonial purpose. Holding long is something that will elevate someone from One financial level to another if patience is made priority.

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..

Is a very wrong strategy as an investor by thinking that you
will not have much profit on investing on Bitcoin with a smaller amounts on a regular basis, however I disagree with you because there is no way you can compare the risk involved on chasing profits to holding because there is no risk involved on holding but however the only interpretation or reason why most people always like to take advantage of the price is actually because of greed and also I would advise you that if your strategy is by risking big to get big profit it will be wise for you to change that narrative because so many investors has end up destroying there investment portfolio because of greed, so perhaps just like @JayJuanGee mention earlier there is no way you can compare the profit you would make if you hold to the little profit you would have by chasing profit.

From the point of the title of course buy on dips and hold.

In this case, of course there are various meanings in interpreting it. But the main point that I think is best is to continue making purchases and holding them for the long term. I wasn't too keen on trading as my biggest mistake was selling Btc holdings in the past. And that was the biggest mistake I ever made, so I am determined to correct past mistakes by re-accumulating Bitcoin which I prioritize for the long term and now I am in my second year of investing.

They can have whatever they want because the money is theirs and they decide it. Regardless the best advice is to buy on the dips and hold.

Obviously many seems to be battling with the potential difference between investing and trading of which some person's are still mistaking trading to be investing. The following gives certain comparison as to this regards.
                       Investing
1) investing is a long term and has a lower risk

2)investing requires fundamental knowledge

3)investing gives investors more time to make decisions that will yeild profit in the long run

4) investing means you are buying to hodl for a period of expecting a compounded value over time.
                        Trading
1)Trading is for a short term and has a higher risk

2) trading requires technically knowledge

3) in trading traders hurried in to make hasty and costly decisions based on market trends

4) trading means you are buying to sell for profit maximization within the shortest time frame.

Investment is been prioritize because it is more conservative and has  lesser risk and that is the core value of the thread but as an individual the choice is yours whether to invest or trade, What is shared here advice.

You are wrong.

There can be great harm from taking profits and continuing to pull out value and failing refusing to continue to invest and/or to let your investment ride, especially something like bitcoin...  and so you think that you are doing great because you keep pulling out your profits, and then when some guys might be receiving 10x to 50x or more in profits after 5-10 years, you might have ended up pulling out relatively low levels of profits and you are still struggling to build up a sufficient nest egg (or investment portfolio).


You might be suggesting that you are being greedy by taking profits, when instead you are short-sighted and scared and unwilling /unable to let your investment ride, and too busy gambling rather than investing.

You call what  you are doing investing, but you are not.. you are gambling. .because you have little to no ability to stay in, and probably you have lack of discipline and/or a lack of a long term plan. .and you end up getting scared at every little profit so then when you get scared, you pull out the measly profits... and yeah, maybe you made some money.. such as 50%. but when you really want to start to live 4-10 years or later down the road, you still are doing the same things and finding the hustle and you have not built up a nest egg.. so you might feel like you are the smartest guy in the room when you are living it up, but if you have to keep working until you are 70 versus the guy who might either be able to stop working early or at least be able to choose the quantity of his work, then you might feel that you either had not been stocking away enough profits and./or you were holding your profits in the wrong assets, currencies and/or properties.

You are wrong.

There can be great harm from taking profits and continuing to pull out value and failing refusing to continue to invest and/or to let your investment ride, especially something like bitcoin...  and so you think that you are doing great because you keep pulling out your profits, and then when some guys might be receiving 10x to 50x or more in profits after 5-10 years, you might have ended up pulling out relatively low levels of profits and you are still struggling to build up a sufficient nest egg (or investment portfolio).

Whats really wrong in taking profit?

If you have hodl your investment for a decade or more and you choose to take profit there is nothing bad as long as you are willing to continue your investment.

The only stupidity investors do is taking all of their profit along with their investment capital which is totally wrong.

You only take a capital of your investment  if your done with the investment. However, i dont see bitcoin investment ending soon so why will a so-called investor take his capital after he takes his profit?