Topic: Buy the DIP, and HODL! - page 99. (Read 142054 times)

You sound like a trader for saying that new investor can join the bitcoin train now and make profit when the price surpasses the current ATH. A new investor should not invest in bitcoin now because he wants to make short-term profits and sell when the bull run hits its peak. That is not how bitcoin investment should be done . Any new investor that is coming into bitcoin should come in because he wants to invest and hodli for long in other to have a large bitcoin portfolio in future and not due to FOMO.

The only thing that I can say about bitcoin price reaching 100k is that, it should be a big hope and encouragement for any new investor who starts his bitcoin journey now to know that bitcoin has the power to increase in value exponentially, so that he will take his bitcoin investment journey seriously with persistent and consistent DCA weekly accumulation over time in order for him to hit his bitcoin target and not to sell along his way up.

It is not late for a new investor to start his bitcoin journey despite the price of bitcoin because you are to invest with your discretionary income and hodli for a long time.

I don't think investors have to wait long to invest if investors are making consistent investments. By continuous investment we mean investing a fixed amount of money at the end of a fixed period of time. A series of investment strategies are generally calculated based on the investor's income. For example, if the investor receives a monthly salary, then he must invest a certain amount of money consistently monthly, and if the investor receives a weekly salary, he will invest weekly. However, even though investors adopt different strategies for investment, everyone's strategy should be the same, that strategy is to invest continuously and the most important strategy of this continuous investment is DCA investment. Generally this method is considered as the easiest and most effective method of investment. In this way, investors are successful in implementing long-term investment plans.

I never said that it should matter. Bitcoin is a permissionless system. ANYONE can get in the system, whether it's a Heroine dealer, a ransomware hacker, a fake I.D. salesman, a swindler/fraudster, ANYONE.

The context of what I said was, the U.S. government is coming for your Bitcoins, and plebs like us should NEVER give it to them. We front-ran them long enough to sell at a mere six digits.

Because of the Bitcoin Strategic Reserve, I therefore change my personal viewpoint. I no longer care for six digits, it's NOW SEVEN DIGITS! - $1,000,000 per Bitcoin.

does it matter who's interested in buying your Bitcoin and whatever reputation they hold? We've been in this thread long enough to know that this is definitely not a time to sell and if truly Trump, the US government or any other big institution wants to key into bulk buying of Bitcoin, we are already aware that it's going to have a positive effect in Bitcoin price and having a good chunk of Bitcoin will be to your advantage which is enough reason why selling will never be an option for now.

After looking at how the effect of the  outcome of the election reflected on Bitcoin price, it has served as enough encouragement that long term investment is the way to go and that along the way, a lot of things will play out that will taste how much of a long term holder one is.

When the US starts building her Bitcoin portfolio, it's likely they will still use the same manner Elsalvador is using by DCAing a particular worth of Bitcoin per day and if that's the strategy, getting who to run the trade with wil never by a big issue. Most of the holders that have less than 0.5BTC won't have a significant role to play in effecting that trade but that also does not mean that it's a set back they will face while implementing thier plan of using Bitcoin as her reserve.

This is the strategy i have adopted and it has been really helpful, i don’t have to think of bitcoin price all i do is follow my investment plan. People are able to make profit from their investment and it’s good news for every bitcoin holder.

It’s never late to join the bitcoin train because bitcoin price will even surpass the current ATH and even new investors can make profit from it. Some will think the price is too high enough to join but investing using DCA is the best strategy for new investors. DCA strategy is good for every situation even when price is going higher you can invest and still make some profit. As said bitcoin has the potential to reach $100k and even surpass the $100k mark so it’s never too late for anyone.

Definitely, not too late at all.
But those that think it's too late, let them be. But ladies and gentlemen that have been too patient become legends and once legends, becomes profitable. 

I know that I have posted some shower-thoughts and personal opinions that might be from the stupid to the controversial, BUT there's one advice that I definitely know that everyone MUST FOLLOW,

DON'T SELL YOUR BITCOIN TO THE U.S. GOVERNMENT, BLACKROCK, OR ANY OTHER INSTITUTION - PUBLIC OR PRIVATE

The U.S. under Trump will start building their "Bitcoin Strategic Reserve". There will absolutely be other institutions that will grab that Golden Opportunity to take that trade with U.S. Government.

At time like this DCAing still win it , so one just have to keep his DCAing going even those who started their DCAing weeks back are already in a good profit, which shows that bitcoin ain't  waiting for no one it's on its way to $100k and  above soon .  

Woke up  yestersday with a big smile 😊 on my face after seeing BTC recent price , and now BTC ATH is around the price range of $76k and there's still more space for growth , and the funny thing is that now is still a good time to hop in so those that are thinking that is already too late, it isn't you can still start now . I thought the same back then like a year back but now I am feeling like an early adopter  

I love this, the young and energetic age is when you should make some real good decisions and not wait until you are old, weak and weary to come to your senses and make some good financial decisions that you might not have the mental, physical and financial strength to contain.  Young people should be encouraged to take over their financial involvements by investing in what can guarantee their financial future like investing in bitcoin with their discretionary income and yes these young ones can make daring sacrifices like cutting short their relaxation time and dedicate it to developing themselves to earn better income and as such increase their discretionary income and invest more in bitcoin, they can also take up an extra job or something online or offline just to fuel or/and maintain their bitcoin accumulation processes so it can integrate seamlessly in their lives. The amount spent on frivolities and flexing too by young people is alarming and if they can cut these down by even 20% to 30%, discretionary income for bitcoin investment would not be a problem to most youngies at all. Most of them have limited responsibilities as compared to older investors and can follow up their investments easily only if they decide to be committed.

My point is that young ones have a lot of energy to expend and if those energies are channeled properly, they have more chances of improving and remaining committed to their investments for a longer period of time thereby securing their financial future with bitcoin.

Although I subscribe to the preceding sentence in italics, but the subsequent one in bold is not concurrent with my thinking process.

There's patterns to this term called sacrificing and it must not be self-victimizing like most people project it, sacrifices can come as you trying to manage yourself more and use your free time to achieve more, truth be told we waste a lot of time daily on less important stuffs, taking up a side hustle to start you investment journey is a sacrifice, Trying to upgrade yourself in your field is a sacrifice that would open more doors for you as a person and planning your day properly that you mitigate against constant waste of time is still a sacrifice that pays you off, It might even surprise you that doing your work diligently at the office and giving your best is still a sacrifice because you can do it averagely and still possibly not be victimized.

So in essence, you can make sacrifices to start your bitcoin accumulation journey by any of the following:

• Taking up a side hustle to build emergency funding and increase discretionary fund for your investment
• Cutting down on frivolities to service your accumulation journey
• Planning your finances properly and managing your cashflows properly and dedicating a portion of it no matter how small to your investment
• Looking out for ways to improve yourself and make more money to increase your cashflow

The list can go longer, but this is my mind limitation based on personal experiences for now

With DCA, you can grow gradually, building your emergency fund side by side with your portfolio, and over time it would be part of you and you continue seamlessly and with your emergency funds built up, then you can divert the funds previously directed to your emergency funds to increase your accumulation amounts and grow your portfolio faster bearing your accumulation target in mind.

This statement is pointing at short term gain, the reward of bitcoin accurately comes from a long-term involvement, their reward would be that if the prices does not go back to $60k - $64k again like it was earlier, then they bought at good prices compared to those launching into the market now to buy bitcoin, anyways all are important since price appreciation comes from more people investing in bitcoin and bitcoin adoption is still open to everybody whenever they decide to join in, so even as at now, anyone deciding to invest in bitcoin is joining at a fairly good price compared to another who joins maybe at a time that bitcoin crosses to $80k and the person of $80k is better off compared to those that enter the market at $90k and son on, so whenever you take-up the idea to start investing into bitcoin, you are still on time, because bitcoin potentials in the nearest future would be very mind-blowing.

From my perspective, it is not fair to characterize investing as if it were easy, since if investing were so easy, then why don't we have more investors?  An overwhelming majority of normal people do not invest, and they barely live paycheck to paycheck and perhaps at most they have enough savings to be able to live one or two months if their income were to dry up.. ..

So, surely I am not going to presume investing to be easy, even though there are some straightforward and basic strategies involving investing (and saving) that surely should be in the grasp of an overwhelming majority of people, so there is some elements of investing (and savings) that are within the grasp of almost anyone to be able to learn and put into practice, yet still many folks do not put such sound practices into place.

Many folks consider others to be rich if they merely have 3-6 months worth of expenses in their savings (and/or investments).

So, one way of measuring how good of a saver (investor) we are is to figure out how long we would be able to live off of our savings (investments), and the longer that we are able to live off of our savings/investment, the more successful that we likely are... and surely if we are able to get our savings/investments to such a high level that we are able to perpetually live off of them, then we should consider that to be financially successful too, even though there are not very many people who actually end up meeting that status, even if they might spend 30-40 years or more working to get to such a status.

But, yeah, the skills needed to reach such status are within the grasp of any one of us, even though it surely can take quite a bit of persistence and focus to reach such status, including abilities to protect any savings that we have (which likely means investing it into assets/currencies that are going to largely hold and/or appreciate in value at least as high as the debasement of the currency).


There is a certain level of payment that comes to those who both planned and ended up acting upon their plans, versus those who sat on their hands, even if they planned and their plans did not end up with execution rather than just waiting.  We see that waiting has not tended to be a good plan, even though people continue to talk about it (and promote it) as if it were some kind of a meaningful plan.

So, yeah, for anyone who had either not acted or their plan overly involved waiting rather than acting, maybe they will learn a lesson and start to act rather than wait?  That would be the smart thing to do, but I am pretty sure that there are many folks who still have not figured out that waiting is not a great plan, and they will see these latest moves UPpity in the bitcoin price as a justification to wait rather than to act... hahahahahahaha.. and they can have fun staying poor, if they cannot figure out that the better of plans in bitcoin is to get started and to act, which largely means, buying consistently, persistently and ongoingly until you have enough or more than enough bitcoin, which could take many many years, at best to carry out the reaching of enough or more than enough BTC.

Buddy though we all say is not easy to hodl for a long-term yea but that's mainly because people fail to plan, Bitcoin investment and holding is also easy but that depends on individual, as an investor that understands that Bitcoin investment is a long-term stuff there should be back up funds and discretionary income too, these are plans that will make you as investor to keep buying and forgetting for a long-term, problems must occur that's why an investor should be prepared for it, after all DCA method has made it easy for people to keep buying with what they can afford, sustain continuously and keep hodling for a long-term.
As a good strategist when embracing or embarking on investment, there are things you must consider, first and foremost you must be prepared to face any abstacle along the line hence you understand the investment itself, anyone that considers tampering his portfolio or investment at any point should be seen as a short-term investor or someone that fail to do the needful by preparing for what he sees as a problem.

No matter the financial mess you are into, I don't think withdrawing your asset is the best option, Bitcoin has a maturity stage which also depends on whether the investor has accumulated Bitcoin to the level of his satisfaction, the number of years should be from the minimum of 10 years upwards so an individual using problems as excuse to withdraw was never prepared or never planned to hodl for a long-term,  as bitcoiners we should have fund set aside for daily needs an other unexpected problems which is likely to occurs in other to avoid tampering our investment which is not suppose to be an option in the first place

Couldn’t have said it better, congrats everyone, onwards and upwards!!!

For all the coulda, shoulda, woulda it’s still not too late 

This could end up in a massive philosophical discussion... I understand what you are saying, yet I wouldn't go that far and give them the point to call Bitcoin a "Ponzi". It would totally abandon the concept of tangible and intangible value. You could call real estate a Ponzi, you could literally call anything in a Ponzi. Some treat it as a Ponzi indeed, but they benefit from the fact that the majority does not consider Bitcoin a Ponzi. Bitcoin does produce value as much as options produce value. The fact alone that Bitcoin is an option on my things gives it value without actually instantly putting cash into our pockets. It puts pressure on payment service providers, it allows people to transfer value from legacy systems into a decentralized network that allows them to take full self-custody, it allows them to transfer value across boarders which otherwise may not have been authorized by authorities or banks, many other features that translate into value. A Ponzi scheme is not about creating new value, it is about juggling around the same value such that people get the impression there is more value created. That's why I am not quite on the same page with you because why would I accept a definition proclaimed by someone who has no idea about the matter?

"a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."

This, to 0%, applies to Bitcoin. 0%. In contrast, it does very well apply to many of the shitcoins because in fact many of the shitcoins from 2015,2016,2017, 2018 gathered tens of millions, but there has never been a real enterprise as was promised. That's much closer to a Ponzi.

Bitcoin is a real thing and there is a reason why there are wallets that go untouched for over a decade. If it was a Ponzi, then it would be a pretty good Ponzi given its lifetime and constant expansion and the fact that no authority in the world was able to stop it. Tell me what Ponzi could not be stopped by authorities. 

Investing is very easy.
Investors only need to buy and hold.
We cannot measure an investor's finances but we can measure how confident he is in investing in Bitcoin.
If he is confident he will not delay the investment he makes. For that, every investor only needs to believe in himself that he has decided to invest in bitcoin.

If you say bitcoin is a hot topic, of course as far as I know every day bitcoin is a hot topic. We continue to talk about bitcoin, and find ways for our investments to run smoothly with various strategies.

Investing is the same as saving, investors need to save expenses in order to be able to follow up on investments either by DCA or with a more aggressive strategy.

I think currently investors tend to invest with all the money they have. my observation that they are long-term holders and do not care whether they buy at a cheap or expensive price but they will make btc for long-term investment..

Meanwhile, bitcoin is the best investment right now, I also regret not investing properly since 2017 but yes that is an experience and I will focus on holding it even though bitcoin reaches its highest price.

Rushing or not rushing to invest in bitcoin is just based on the financial capacity of the investor, if they have discretionary amount to invest with then why not rush and start. Bitcoin is the talk of the world currently so it will really be cowardice for people not to make haste and invest so far as it won't affect their basic obligations of life. Someone who is still struggling to meet up daily needs should rather get a job before starting to invest in bitcoin because someone with no job and chooses to invest may end up selling so soon since they don't have other means that provides income for them. Bitcoin is a high valued asset so it wouldn't be bad if people rush to own investments in it, but the most important thing is that anyone who wants to invest should be able to have a reliable source of income that they can use to DCA till they have grown a huge investment in bitcoin.

Some corrections are expected with this speed of moving up.
But even with that, let's just appreciate that the conclusion of election did really helped a lot to make it this far. Now, BTC is back on its own.

Yes this is a new all time high records for bitcoin history and all these happened just within few hours. This goes a long way to show that anything can happen at anytime. I believe investors who bought yesterday just as you have talked about the buy strategy would be on profit by now irrespective of how much they have bought or invested in bitcoin. No time is too late for investing in bitcoin because bitcoin has a bright future for the world and I believe with time the world would realize this and begin to act accordingly to see the benefits that comes with bitcoin adoption. 

Never delay or procrastinate your investment in bitcoin for reasons of price difference or time. You can start with the least accumulation you can and gradually you could arrive or achieve your bitcoin holding target.

I did not set too high an expectations for now because the market does not always go as predicted. Instead, I focus my energy more on building my portfolio and preparing for all possible scenarios. First is a case where the market drop sharply after the elections, in this case I buy more at discounted prices and hold for several years and still continue to perform my regular DCA. The other case being when the market surges like it did, then I continue my DCA without much of a lump sum buy as that will happen when there is correction in the market. I have always proposed keeping an open mind because Bitcoin ought to give peace of mind and not stress and surprises.

Now that the elections are over, those who kept the faith is Bitcoin will likely be rewarded while those who were sceptical will be struggling to jump in now. Whichever case, all are welcome to join the latest big thing in the financial world.

The impact of the US presidential election is clearly visible in the Bitcoin market. Donald Trump's victory has had a positive impact on the Bitcoin market. As a result of Trump's victory we are seeing the Bitcoin market bullish and it has crossed the previous ATH and made a new ATH. But we Bitcoiners expect more than $75k. Bitcoin's current ATH is over $75k. But our expectations are much higher, we expect more than $80k from Bitcoin this year. Bitcoin's future may not depend on one person, but Trump's positive ad about Bitcoin could see Bitcoin price slightly bullish.

Of course there are some investors in bitcoin whose primary purpose is not the profit. Rather for prestige and influence. There are people who derives joy in owning some of the limited stuffs that are found in this world. Like the Mona Lisa painting. Someone invested in it and bought it with big amount of money. Not for profit making but just for prestige. Likewise it is with bitcoin, there are investors who are in bitcoin not primarily because of the profit, but for them to be counted among the holders or top holders of bitcoin in the world. There are also people who are holding bitcoin, because they don't want to miss out on the innovation. They want to follow the trend and be part of the process that's revolutionising the financial industry. People like that profitability is not their primary concern.