Topic: Buy the DIP, and HODL! - page 98. (Read 142054 times)

Bitcoin has already and always been good before now if only we will not always be in a hurry to forget how Bitcoin started and what it was even before the election. However, people shouldn't be overly excited about Trump promises towards Bitcoin as not to be disappointed if things goes below their expectations, no one should be carried away and use the money that is meant for living expenses to buy Bitcoin in regard to Trump promises, stay within the comfort zone of your investment and never make any investment decisions based on the market sentiments because if otherwise one might get in to trouble of selling when they are supposed to be buying.

It depends on the investor discretionary income that will determine the amount that he will use to DCA either aggressively or not. Also you will not say that because I can only be able to afford $50 every week to buy bitcoin, that my bitcoin investment will not grow gradually ans increase in size overtime.

Whoever wants to start his bitcoin journey now should use whatever amount from your discretionary income that will not be a burden to your finance to buy regularly every week despite the price of bitcoin currently, so that you can start accumulating and growing your bitcoin portfolio your little way that will kee your consistency and persistency on buying always, and I assure you that you will be surprised at how much bitcoin you were able to accumulate in the long run.

If you feel that you are late ans you go and accumulate bitcoin over aggressively beyond your discretionary income, you are doing yourself, because it is likely that you will sell your bitcoin at a cheaper rate ans run at loss when you need those funds for your important needs. What's important is that as a long-term investor on his bitcoin weekly accumulation journey, you should have plans to increase the amount that you are using to DCA when you are opportune and also look for means on how to increase your income so that it will be possible for you to increase your DCA amount when the time comes in order to accumulate more bitcoin faster overtime.

Whenever extra funds comes around that you don't expect, you can use that to lump sum immediately. Bitcoin is a long-term investment, and no one knows if along the line of our bitcoin accumulation, we will have the opportunity to have a bigger income that will make use investment aggressively for a long period of time.

They like to see the price go down and even if it happens, they just stare on them.
While legends like us, we take actions and commit ourselves whether by DCA or lumpsum. There's a huge difference of what we do from them and then when the price pumps, they complain and bla bla bla all the reasons.

To be honest with you, I feel that anyone getting involved in bitcoin now will do better if thought is given to hybrid system of DCA method and lump sum buy than focusing only on the DCA method if the investor want to get a nice amount of bitcoin before we leave the sub 100k region. I'm saying this because something tell me that the new found strength of bitcoin is and enduring one that will see bitcoin remain in steady rise for the rest of the year even until next year. The atmosphere is supportive of this and the coming of Trump will set the stage for future gains if he makes good his promises about bitcoin. Therefore, instead of the slow process of using the DCA method only, a more aggressive approach is most appropriate for anyone with the capital readily available and willing to get the bag filled. 

New investors can still take advantage of the Bitcoin train by accumulating and still hodling for the future as we can see Bitcoin price will surely skyrocket above the current price it is now.

Also Bitcoin as a volatile asset doesn't have a fixed position or fixed price as Bitcoin will definitely not be in the same position it is right now.

As a new investors adopting the DCA strategy will be nice as it will help to accumulate Bitcoin regularly as it could be weekly or monthly and hodl for 4-10 and more in other to have a reasonable quantity of Bitcoin in his/her possession.

This forum has really been help for bitcoiners as it has added more knowledge and through the information and teaching given by JJG in this thread also which has also given more insight on how one can go through and be successful when investing in Bitcoin.

No strategy wins it more than the other, it is just your personal strategic preference of accumulating bitcoin, what wins it is you accumulating good quantity of bitcoin, the result is more important than the process. Some people possibly lump summed from two days ago and they won it because they bought more stashes of bitcoin, I think someone who bought $30k worth of bitcoin yesterday at $75k would be more profitable than another person who started earlier this year and DCAs $500 monthly, even if he bought bitcoin when it was less than $50k, it would take him more time, an estimate of slightly less than 5 years to get to the $30k worth of bitcoin and by then bitcoin might have been well over $150k and the $30k  would have appreciated to maybe $60k or more, setting the pace farther for the DCA guy to catch up. So, you can guess yourself who is winning it. Let's not shift our gaze from what is most important which is accumulating more stashes of bitcoin for ourselves and spreading the gospel for more adoption of bitcoin. Every strategy wins it, as far as you are buying more bitcoin and not selling, you are on the right track.

That could be true though, but each of us surly has a starting point. joining the train now doesn't mean a failure or being too late. bitcoin volatile nature permits it to grow continually as time goes on and creat new ATH in each circle. Surely everyone must not start investment at thesame time, when you start your investment may be when you where are convinced to know the importance of bitcoin investment, or could possibly be that it was the time you knew bitcoin. so surely each of us has a beginning  and we must be serious to accumulate bitcoin and hope for the future benefits, and not feeling discouraged of the current price of bitcoin. because in the nearest future people will still regret of not had been accumulating when bitcoin was less than  $100k. So surely peoples success or achievements now should ring as a bell of reminder to accumulate now than becoming a procrastinator.
 
It's up to them and how they feel, but of curse I don't care if they sell too quickly for short term or not. Even as we have our differences, everyone is prun to make their personal decision including selling off too quickly.

And who said bitcoin will maintain it position for 4 year? As far as I know bitcoin is volatile and has the potential to change in price in a circle of 4 years. and not being fixed.

Not actually a bad decision to make, but selling it at profit still depends on needs of people. But if they can able to hold for more years then provably this is the best decision to take since right now Bitcoin gained huge recognition. Also Trump is showing good support on bitcoin so provably that there would be a good policy created that allow bitcoin to acquired and be recognize by Americans or globally as good asset.

I'm excited more about bitcoins future and this gives me more confidence to acquire more bitcoin and continue my long term journey. Also other or lots of holders got inspired more to continue and increase their investment since they see good developments now that Trump became the President. This is early success gotten by bitcoin holders.

I think it will be stupidity for anyone who has been holding bitcoin during the dark days when bitcoin was continually prosecuted by governments around the world, to sell it now that bitcoin is about going mainstream. There will be high demands for bitcoin henceforth, so selling bitcoin now will be stupidity. When Trump assume office we are even going to see more hike in bitcoin prices. Although some institutional buys are already in the market as we speak. They won't get my bitcoin, instead I will keep accumulating along them.

How did you know this, I think you should speak for yourself and I disagree with you that most investors are waiting to take profit at 100k, because 100k is not the highest price that bitcoin will get to in life. There are a lot of old investors who have understood bitcoin potentials very well, they don't have plans to take profits at 100k because they know that bitcoin is still growing in value and selling is a bad idea to them. That's why they are advising new investors not to sell but hodli for long.
 
Don't allow short-term profits deceive you into selling your bitcoin within a short period of time when you are suppose to be building and growing your bitcoin stash overtime for your future. Bitcoin can do better than what you are seeing today and that should be a good reason for you to have the determination of being a long-term investor and believe in bitcoin that it is capable of multiplying value overtime because you have witnessed the price growth of bitcoin and can testify to it.

 Traders are the ones after short-term profits like what you are saying and they do run at loss in the long run, because they will not give themselves the time and patience to grow and build their bitcoin stash to a good size overtime as backup for their future. Don't think like a trader because they are like gamblers and they are losers in the long run, but be a long term bitcoin investor and build through regular weekly DCA and mix with with lump sum, because they are winners in the long run.

This sounds like more of trading, if your target is $100k then there's no need to call yah self an investor rather a trader , because I can someone that's new to bitcoin haven't gotten much accummulation for he or her self target be $100k, most people that have their target to be 6 digit are mostly those that have gotten enough bitcoin stashes in their portfolio. And the thing is that most of them ain't planning to sell all their bitcoin so don't make it sound like that, because even the old investors may still continue to hold bitcoin because they believe that there's still more space for growth in Bitcoin.

So rather they will choose to sell some percentage from their stashes , because selling all your Bitcoin after coming this far is not smart at all especially for those who new to bitcoin because you not be chanced again to buy bitcoin at the previous low price you once did , because some folks started buying bitcoin at 3 digits and now bitcoin is 5 digit do you think they can buy bitcoin at that low price again (nahh they won't) .

It baffles me that most Bitcoin investors still thinks this way, it's a welcome development that the value of Bitcoin is appreciating now and it's has created a new all time high two days consecutively, but that doesn't change anything to me because 76k is nothing compared to the actual value of Bitcoin in the future, or are you planning on selling now? which to me is like selling for minimal gains when you can make even more in the future.

To address the statement I made bold in your write up, bro due to the huge potential of Bitcoin and it ability to appreciate in value overtime, now is the best time to invest in Bitcoin, because we are still in it early days, so I believe that it can still do up to 10x to 20x in like 10 to 20 years time from now, so tell me why a newbie investors can't seize this golden opportunity?
It's only traders or those that plans on selling at this price or for minimal gains that  would be thinking that they have missed out, because to me, nothing has been missed, the opportunity is still here even as am speaking, so it's best for all newbies investors to seize this opportunity now that we are still in it early days.

Agree with you on some points but disagree with you on one point. Not only are new investors waiting to sell when Bitcoin enters the six-figure range, but most investors, both new and old, are waiting to sell at $100k. There are some seasoned investors or old investors who will wait for seven figures, but we will rarely see such investors.

What do you mean, people who have been holding their investment for three or four cycles shouldn't be selling at $100k? If you've been keeping an eye on Bitcoin prices, you'll know that Bitcoin hovered around $29k-$35k earlier this year. Even if one had invested at the beginning of the year he would have made almost 3x profit at the time of $100k. It is equivalent to Trady but profitable. A novice investor may not want to sell their investment so quickly. But we would be wrong to say the same about old investors. Because old investors may have an elegant time selling their bitcoin stash for maybe $100k.

Those who have invested in Bitcoin in the past are seeing a bright potential ATH but new investors may not be able to take advantage of this golden opportunity if they join the Bitcoin train. I remember and welcome Ruttoshi, new investors in Bitcoin want to make a profit by investing in short term and sell when the bull run reaches the top. New investors should invest in Bitcoin and that is for long term as Bitcoin maintains its fixed position after 4 years. New investors should invest BTC regularly according to the rules of the DCA method by developing the mindset of opening the door to a consistent possibility in order to be a pioneer in the rapid upward movement of Bitcoin.

Expecting Bitcoin to reach 100k or more I would say new investors should buy and hold for the long term. For new investors to come to the forum we should develop their enthusiasm and motivation and try to convey the knowledge of Bitcoin's success to them so that they are not deterred by any FOMO.

I get your point but it seems you don't understand what they're trying to say, they're not talking about hesitation of investment but rather being financially capable to keep up with Bitcoin investment which is very important, it's plats an important role for  successful investment cause someone that's struggling to make ends meets would find it difficult to kee buying continues which is one of the most effective and easiest method of Bitcoin investment. Therefore an investor most have a stable income, the investor mustn't be very rich but atleast must have an inflow of income to make ends meets and still invest effortlessly that's why i think someone with a job is not really qualified for Bitcoin investment cause they'll struggle to keep up, imagine taking loans to invest on Bitcoin or gambling and hoping to win and invest on Bitcoin such person is bound to fail cause Bitcoin investment is long-term and one of the easiest ways of being successful in it is continues investment.

Both of your discussions are very meaningful and relevant for new investors.  I would like to say a few more things about your important discussion.  Those of us who are new to investing in bitcoins must be patient and aim to accumulate bitcoins over a long period of time thus building a large portfolio in the future.  This is basically the right way, not the right way to invest in Bitcoin hoping for short-term gains.  Again, a certain amount of money should be kept every week or month using the dollar cost averaging technique so that you don't have to worry about the price fluctuations in the market.  A lot of hope for new investors is that the price of Bitcoin will reach 100K, in this case it cannot be sold in the hope of a lot of profit.  Long-term thinking should be kept in mind.  One day success will come if you keep it for a long period of time with patience.

Lately Bitcoin has been very impressive and of course it has created a new ath and what I remember is that BTC touched $76,849 and this is an extraordinary thing of course for BTC holders who bought it when BTC prices were cheap so of course now they are celebrating because of course their money has increased . Yes, I agree with you. Yes, this is a good sign for investors to encourage them to invest in BTC and hold on to BTC until the time comes to sell when the price of BTC is very expensive, for example more than $80k. But of course, if our hold it for a very long time, that will also be very good because in the future, BTC will have the potential to be more expensive.

Indeed, currently there is still an opportunity to be able to accumulate BTC and indeed we can use strategies like the ones you listed. and of course I like all three, but in my opinion what I like most about the three is the dca strategy and the buy the dip strategy. Yes, it looks like I still want to collect BTC because I believe BTC will have the potential to rise even higher.

Delete.

Of course, many of us likely recognize and appreciate that we can ONLY do so much to lead normies to bitcoin, so in that sense, there remains the somewhat well-known statement that "people get bitcoin at the price that they deserve."

There is ONLY so much that any of us can do to get normies to do what should be in their own best interest, which is stocking up on dee cornz.


You sound like the kind of guy who is going to end up selling way too much bitcoin too soon.

But, hey whatever, you do you.


Even your 0.37412944 BTC are going to be doing pretty damned good once BTC prices reach 7 digits, and you will be able to stop whining about how poor you happen to be.

 


You are probably correct, @Fuso.hp, yet your statement about investing a fixed amount of money for a fixed amount of time comes off as a bit confusing, especially since individuals likely need to adjust their level of aggressiveness in regards to investing into bitcoin in accordance with their own particulars, including that how aggressive that they are able to be wiill also affect how much time it takes them to reach their goals or to make progress towards reaching their goals or to measure their progress towards reaching their goals. 

Each person may also have to make frequent adjustments in regards to their strategies that  may well depend on their own chosen level of aggressiveness and even their chosen level of aggressiveness might not exactly be fixed.

I have frequently asserted that the more aggressive that any of us is going to be in our bitcoin accumulation journey, the more likely we have to be more organized in regards to our own cash management skills, and surely some of us might make mistakes from time to time in regards to the level of our aggressiveness in accumulating bitcoin, yet if we are learning from our mistakes and learning from the mistakes of others, we likely will figure out ways that our mistakes are mostly immaterial in the whole scheme of things and we are not getting taken out of the game or even coming close to recking ourselves since our systems should end up being robust enough to cover a decently large variety of circumstances in which if we continue to want to be as aggressive as we are able to be, then we may well be engaging in a decent amount of tweaking from time to time. 

Another thing that we might realize is that one of the greatest effective ways to tweak our plans is by increasing our discretionary income, and surely we might have challenges in how to  increase our discretionary income, yet there will also be value in not letting the perfect be the enemy of the good, so there should remain a certain level of flexibility in any kind of BTC accumulation plan (or even later on maintenance plan) that we are following so that we are not contributing towards causing ourselves to be stressed by BTC price moves in either direction (or even if BTC prices might remain flat for periods that are longer than expected).

Ever since Donald Trump won the US presidential election, we have seen the rise of Bitcoin and I am strongly optimistic that Bitcoin is going to touch six figures in just a few days. Looking at the market hype, I predict we may not have to wait until 2025 to reach six figures. This is just my prediction, Bitcoin is almost impossible to predict accurately. I am optimistic that Bitcoin will be able to touch $100k this year itself.

Bitcoin has changed ATH twice in the last two days which to me looks positive for the Bitcoin market and I think Bitcoin will continue to pump for some time now and Bitcoin may see less liquidity in the market for some time to come. At such times we should not focus on sales at all. Many investors are waiting for six-figure sales. Some investors have changed their plans and set seven-figure targets, which can be a positive plan for an investor. Even if the number of users in the Bitcoin market increases after Trump's victory, we may have to wait two or more cycles to reach seven figures. It is bound to say that we need a lot of patience to reach seven figures, which will not be possible for everyone.