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Topic: Buy the DIP, and HODL! - page 46. (Read 131540 times)

sr. member
Activity: 448
Merit: 351
November 12, 2024, 07:31:07 PM

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

It doesn't need to be that far because looking at the almost 598 pages that have happened in this discussion, the scope is actually just simple where we just continue to compare and do some discussion of approaches to DCA, buy dip hodl and some discussions that sometimes go off topic so that in the end when beginners want to look for more information I think the conclusion is only limited to that where the DCA method and how the approach is done etc.
There is no need to read that far because this obviously takes time and most importantly in this case it would be better if in the end not only observing by reading alone because after all opinions are also important so for those beginners who really want to be in the scope and learn more about bitcoin and investing indeed this thread will be good enough to stop by but there is no need to read the whole thing because from the beginning until now the focus is only on the same scope.



I agree with you that there is no need to read the whole pages, that's for sure. But that doesn't mean that they shouldn't give a try in going through few pages to get the scope of what the thread is all about. I like the way @JayJuanGee responded to this earlier and I quote him in his words as follows. "I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic."
To me his words summarizes everything, so there is no point dragging this particular issue any further.
?
Activity: -
Merit: -
November 12, 2024, 06:12:07 PM
Curious about those who relatively ignore the many helpful messages here, Especially buying on dips, which many of them don't care about this scheme, Well in the end we are approaching $100k. Congratulations to those who came early because they got a lot of opportunities to buy on dips because there have been many major corrections in the last two years.

But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.

Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.
I think it will be better you speak for your self, DCA strategy is a nice strategy to accumulate Bitcoin because it enables investor to accumulate Bitcoin regularly weekly or monthly according to the investor cash flow but by saying we all doing DCA every week generalizes that everyone do DCA every week meanwhile there are investor who only focus on lump sum while there are some who only wait for Bitcoin to dip before accumulating which is not a good strategy for someone who just started accumulating Bitcoin while there are also people who accumulate through the DCA strategy and still lump sum when ever the cash is available to do so while there also investor who accumulate Bitcoin every month and not weekly due to the time they get there salary to do so that is for salary earners who earn monthly.

I agree with you Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather
sr. member
Activity: 182
Merit: 131
Bitcoin or nothing
November 12, 2024, 04:53:17 PM
Curious about those who relatively ignore the many helpful messages here, Especially buying on dips, which many of them don't care about this scheme, Well in the end we are approaching $100k. Congratulations to those who came early because they got a lot of opportunities to buy on dips because there have been many major corrections in the last two years.

But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.

Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.
I think it will be better you speak for your self, DCA strategy is a nice strategy to accumulate Bitcoin because it enables investor to accumulate Bitcoin regularly weekly or monthly according to the investor cash flow but by saying we all doing DCA every week generalizes that everyone do DCA every week meanwhile there are investor who only focus on lump sum while there are some who only wait for Bitcoin to dip before accumulating which is not a good strategy for someone who just started accumulating Bitcoin while there are also people who accumulate through the DCA strategy and still lump sum when ever the cash is available to do so while there also investor who accumulate Bitcoin every month and not weekly due to the time they get there salary to do so that is for salary earners who earn monthly.
hero member
Activity: 1526
Merit: 509
November 12, 2024, 04:16:25 PM

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

It doesn't need to be that far because looking at the almost 598 pages that have happened in this discussion, the scope is actually just simple where we just continue to compare and do some discussion of approaches to DCA, buy dip hodl and some discussions that sometimes go off topic so that in the end when beginners want to look for more information I think the conclusion is only limited to that where the DCA method and how the approach is done etc.
There is no need to read that far because this obviously takes time and most importantly in this case it would be better if in the end not only observing by reading alone because after all opinions are also important so for those beginners who really want to be in the scope and learn more about bitcoin and investing indeed this thread will be good enough to stop by but there is no need to read the whole thing because from the beginning until now the focus is only on the same scope.

hero member
Activity: 1358
Merit: 627
November 12, 2024, 04:14:47 PM
Curious about those who relatively ignore the many helpful messages here, Especially buying on dips, which many of them don't care about this scheme, Well in the end we are approaching $100k. Congratulations to those who came early because they got a lot of opportunities to buy on dips because there have been many major corrections in the last two years.

But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.

Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.
sr. member
Activity: 602
Merit: 263
November 12, 2024, 03:41:52 PM
If you are a newbie, then nobody knows you, so it might be helpful to show some proof of work and maybe provide a bit more explanation behind your post.

Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather than other members having to presume what you understand and do not understand about bitcoin or about the topic that you are jumping into, so if you engage in some explanation it can help you to present your post topic better and it can also help anyone who might respond to your post to better understand where you are coming from.

Exactly, sometimes some folks may be newbie in this forum but are not new to bitcoin while they are some that are here to be familiar with bitcoin so it on depends on the category you fall Under. But one thing is for sure is that no matter how long you have been into this space , there are alot of things you haven't learn yet .

Like me then , I wasn't new to this space when I came into this forum but still I didn't know how bitcoin work and the Potential of it but after spending much time here I began to see the potential and beauty of bitcoin, which made me to be big fan of it , and this thread actually help me to build these knowledge I have now concerning bitcoin investment, so if you are Infor a long run with bitcoin this is the right thread , and that's sir JayJuanGee usually take his time to break things down and also repeat some stuff so that most newbies can easily access it without having to take their time to start looking for those stuff. E.g 9 principle individual factors
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
November 12, 2024, 03:20:35 PM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
Don't assume that all newbies know that bitcoin is a long term investment because some of them come into this space for quick profits especially now that we are in a bull run that have seen bitcoin making new ATH. We should try as much as we can to give them the right information this time around because we have reached the point where there is unprecedented hype on social media about how new millionaires are about to be made through bitcoin.
All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.
I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic."  Actually there could even be good comments and/or questions from guys who merely thought about the topic, but yeah, sometimes it can be frustrating if it appears that absolutely no effort went into a post, and so then the post just appears like a troll asking questions and trying to cause us to work without their making any effort at all.
Well is not just being a newbie it depends on the individual because i have visited this thread so many times and i have dedicated most of time going through meritted post, reading them to draw some light from it    and some of your post summary  because i already know alot has been discussed so instead coming here to ask questions that may not be necessary i focus more on the reading to see if i can be able to flow with you guys.so is a matter of individuals difference and level of understanding and not being a newbie

If you are a newbie, then nobody knows you, so it might be helpful to show some proof of work and maybe provide a bit more explanation behind your post. 

Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather than other members having to presume what you understand and do not understand about bitcoin or about the topic that you are jumping into, so if you engage in some explanation it can help you to present your post topic better and it can also help anyone who might respond to your post to better understand where you are coming from.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
November 12, 2024, 03:01:13 PM
Arhh investing in shitcoin will be close to the abyss, meaning he will fall with his high risk so stay away from shitcoin because this is not a means to invest.

Don't be influenced by others who invest in shitcoin it's not worth it.
I feel bad whenever these influencers come out during the bull run and they all advertise shit coins to invest. Many are so hyped with the profits that they're making but they don't even know the whole story how these influencers got it there.

Never ever felt greedy with those shared post by those people that are advertising shit coins, they might pump for a while but then in the long run everyone who are just there to catch up are bound to lose their money.

Bitcoin isn't like that, so for those that have always thought that they'll make more with shitcoins, good luck because not everyone who gets into it gets out happily.
?
Activity: -
Merit: -
November 12, 2024, 02:15:55 PM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
Don't assume that all newbies know that bitcoin is a long term investment because some of them come into this space for quick profits especially now that we are in a bull run that have seen bitcoin making new ATH. We should try as much as we can to give them the right information this time around because we have reached the point where there is unprecedented hype on social media about how new millionaires are about to be made through bitcoin.
All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic."  Actually there could even be good comments and/or questions from guys who merely thought about the topic, but yeah, sometimes it can be frustrating if it appears that absolutely no effort went into a post, and so then the post just appears like a troll asking questions and trying to cause us to work without their making any effort at all.
Well is not just being a newbie it depends on the individual because i have visited this thread so many times and i have dedicated most of time going through meritted post, reading them to draw some light from it    and some of your post summary  because i already know alot has been discussed so instead coming here to ask questions that may not be necessary i focus more on the reading to see if i can be able to flow with you guys.so is a matter of individuals difference and level of understanding and not being a newbie
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
November 12, 2024, 12:16:49 PM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.
Firstly I'll tell you, you don't need to invest in meme coin because they are not reliable. Considering memecoin as an investment to go into, I think you are making a mistake that will be so risky for you. Bitcoin is better to invest because it is reliable and valuable. DCA method of investment is easy because you only invest with amount you can afford, you don't need to pressure your self to invest with a huge amount just trying to meet up, but with DCA method from time to time you can make the little investment that you are capable of. The most important thing in the DCA method of investment is just for you to have a steady source of income , with this you can be able to achieve success from your investment.

One thing I'll advice you,  do not be in so much pressure to invest because of the market increase to make quick profit, invest what you can afford according to the income you earn.
Arhh investing in shitcoin will be close to the abyss, meaning he will fall with his high risk so stay away from shitcoin because this is not a means to invest.

Don't be influenced by others who invest in shitcoin it's not worth it.

Indeed, the way you are right to invest bitcoin can be relied on in the long run, and the DCA strategy is the most common and effective way to run it where you don't need big money but the little you put fiat into bitcoin over time will grow to be big.

The most important thing is where the cash flow becomes stable then doing DCA can adjust it.
Because I myself am still doing DCA until now, it can still adjust to the cash flow income it has.
sr. member
Activity: 490
Merit: 346
Let love lead
November 12, 2024, 09:34:31 AM
I disagree with you when you said there is no best option when it comes to bitcoin investment, if a newbie goes into Bitcoin trading it won't be the best for him at that moment the best for him at that stage of his Bitcoin career is long term investment just buying and hodling, there are best options for Bitcoin investment if you choose the wrong part it may delay your accumulation journey for example waiting for dip.
A Bitcoin investor should not treat holding and trading as the same thing. Trading is generally risky especially since Bitcoin is the most volatile currency an investor can lose his money in a very short period of time.
Trading generally is very good to be absent from an investor's mindset, so it does not possibly corrupt the good intentions of your investment prospects. In terms of volatility, bitcoin is a saint where shitcoins are, unless you are not familiar with pump and dump schemes. The heavy volatility and lack of feasible prospects of shitcoins are the main reasons investors are discouraged from focusing on them for their investment option, rather to choose bitcoin which is already a store of value and has a convincing history to prove that.

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.
From my calculations, this thread spans more than 500 pages and digesting the volume of information present in this thread would take a relatively long time nigga. I know they have to read and try following up, but let's be human it is tiresome. This forum was created for the sole purpose of learning and meaningful interaction, Newbies are always confused when they come into a new environment, they always are. We were once like them and we were confused back then, I encourage them to try their best reading and studying the thread, but if they come up confused or seeming lost, lets show them as much love as we can. It would make them feel accommodated, involved and ready to learn with us.
sr. member
Activity: 616
Merit: 414
November 12, 2024, 09:15:10 AM

You should understand that this thread is voluminous for newbies to go through before they can ask questions about what they need to know about bitcoin investment. There's always room for newbies to ask repeated questions on what they want to understand and when they seek for more clarity. Besides there are times when a newbie or any other person will come across an explanation about something they want to know but might not be satisfied with the response they got from a particular user, which will make them want a more broader and clearer understanding from some other users. Newbies are always eager to learn and know their way around so you can't completely blame them because if you reflect at when you were a newbie and came across this thread, you may find out you did similar things but all are just within the newbie era. However, everyone is open to discussions in this thread irrespective of being a beginner or not.

In as much as I want to agree with your points, I want you to understand that most newbies want everything on a platter of gold and I think things are not done that way, yea, everyone here started as a newbie but there are somethings we need to learn though what people have said here already, no matter how voluminous this thread seems to be, I believe  that a newbie that wants to learn can glance through some piece of writing here to from them, am not against a newbie asking questions if he or she was not satisfied with the answer given so far, but such question should not be repeatedly asked, once you have an investment in Bitcoin as a newbie there are something things that ordinarily you need to know unless the ones you have not come across before then you can bring it here as a question, then people can respond with their own ideas to profer solution to it, better still the question can be thown to our boss @JayjuanGee i believe his always ready to give more insight on whatever Bitcoin investment related question being asked here but the question shouldn't be a silly one as that.

Buddy no one is restricting anyone from making contributions here or asking questions but with the little I know, some newbies can be silly, most of them ask unnecessary questions though I didn't say it's bad to ask questions but rather it's better to queue into the discussion of day and learn from old takers not necessarily through asking questions, sometimes it's better to read more here too because it helps to build you more.

member
Activity: 122
Merit: 58
November 12, 2024, 06:46:29 AM
I want to congratulate everyone on Bitcoin's growth to new heights, friends. And I understand that we all prioritize DCA investing in the long term, and are not particularly interested in the price, but nevertheless, I am glad that the Bitcoin rate is what it is now. The fact is that among Bitcoin investors there are those who need Fiat - for health reasons (for treatment), or to buy something for children, because we are all people and we have needs. And now is the moment when these people can transfer some of their savings to Fiat, and this is profitable thanks to the price of Bitcoin.

Fuck off with your presumption that guys need to sell BTC merely because it is profitable.  That is a superficial idea that is ONLY accounting for our current BTC price and nothing in regards to where ever the member might be in terms of his bitcoin accumulation journey and other cashflow management particulars that he might have set up.

Perhaps you have never learned how to invest or how to manage your cashflow so that you do not know how to invest, so the fact that you believe that guys need to take profits might just show that you don't know shit about how to treat your own involvement in bitcoin.

Sure guys have more options when the BTC that they hold is profitable, but the mere fact that their BTC holdings are profitable does not mean that they need to sell any or all of their BTC, especially if they have other resources from which they can draw for their fiat needs.. and hopefully guys figure out how to come to bitcoin without using money that they need to invest into bitcoin since that would be trading (or gambling) rather than investing, and if guys are already in the habit of using discretionary income to invest into bitcoin, then they already may well have come to the conclusion that they don't need the money that they invested into bitcoin for 4-10 years or longer, so then we might need to figure out how long has any of the members you are addressing might have had been in bitcoin and what might be their various goals in respect to their bitcoin investment..

Hopefully not everyone is in a desperate state and having to take profits with their BTC as soon as possible and then end up engaging in short-sightedness. and perhaps result in being a low coiner, no coiner or someone who sold way too many coins too soon, which I get the sense that you @bubilas might fit within one of those loser categories, even though you have been registered on the forum since August 2013, yet you come to this thread and tell guys to sell merely based on recent BTC price moves, and without knowing anything else.

Now with you it could be the case that you have plenty of bitcoin since you have been registered on the forum since August 2013, yet perhaps you have been taking profits all along the way and you want other members to fuck up like you and you have failed/refused to figure out what investing into bitcoin is so you have remained pretty much a trader, a low coiner or a no coiner, but you still want to give bitcoin advice?  Since you have known about bitcoin since August 2013, you should have had learned something by now, except for just taking fiat profits as soon as you feel you are sufficiently in profits.

HM?  Have you accumulated much if any BTC over the years or have you been too busy trading (gambling) or selling too many BTC too soon and you have nothing or close to nothing to show for your time in bitcoin?
I don't know why he thinks people should sell there btc because of profit moreover there are people that invested in bitcoin to store value for a longer time and not because of short term profit Also he fails to put into consideration, that majority are barely a year old in there btc accumulation and that the money they invested are discretionary income that they will needing for the 5-10yrs or more. With the way bublis is sounding  it appears to me that he is a low coiner or a no coiner, for someone who has been in the forum since August 2013 he is supposed to have learnt alot about bitcoin, but here he is trying to mislead other forum member into sell off there coin before there investment timeline without knowing or bothering to know how much bitcoin they have in there portfolios.bubilas to me is not an investor because his mindset is that of a trader ,who fails to understand the potentials of bitcoin and rushing to trade off the little they have all in the name of short term profit.well as for me i will not allow anyone to mislead me into selling the stash i have in my portfolio and my focus is on continuous accumulation  of bitcoin untill i reach my investment timeline.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 12, 2024, 03:06:59 AM
I want to congratulate everyone on Bitcoin's growth to new heights, friends. And I understand that we all prioritize DCA investing in the long term, and are not particularly interested in the price, but nevertheless, I am glad that the Bitcoin rate is what it is now. The fact is that among Bitcoin investors there are those who need Fiat - for health reasons (for treatment), or to buy something for children, because we are all people and we have needs. And now is the moment when these people can transfer some of their savings to Fiat, and this is profitable thanks to the price of Bitcoin.
This is why it is more important not to invest your whole money in bitcoin so that when you see a rise in bitcoin price, it will not force you to sell your bitcoin investment for the short term to solve your daily expenses. We all know bitcoin is a long-term investment, so we should use our discretionary income to invest in bitcoin and make provisions for the money we will be using to sort out our daily expenses so that we will not find ourselves in this condition. I want you to know any bitcoin investment that's below 4 years is not a long-term investment, but if you think you have held your bitcoin investment for 4 years or more and you think this is the right time to cash in your bitcoin to sort out your daily expenses, go ahead and do it. You are responsible for your actions.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
November 12, 2024, 02:58:29 AM
I want to congratulate everyone on Bitcoin's growth to new heights, friends. And I understand that we all prioritize DCA investing in the long term, and are not particularly interested in the price, but nevertheless, I am glad that the Bitcoin rate is what it is now. The fact is that among Bitcoin investors there are those who need Fiat - for health reasons (for treatment), or to buy something for children, because we are all people and we have needs. And now is the moment when these people can transfer some of their savings to Fiat, and this is profitable thanks to the price of Bitcoin.

Fuck off with your presumption that guys need to sell BTC merely because it is profitable.  That is a superficial idea that is ONLY accounting for our current BTC price and nothing in regards to where ever the member might be in terms of his bitcoin accumulation journey and other cashflow management particulars that he might have set up.

Perhaps you have never learned how to invest or how to manage your cashflow so that you do not know how to invest, so the fact that you believe that guys need to take profits might just show that you don't know shit about how to treat your own involvement in bitcoin.

Sure guys have more options when the BTC that they hold is profitable, but the mere fact that their BTC holdings are profitable does not mean that they need to sell any or all of their BTC, especially if they have other resources from which they can draw for their fiat needs.. and hopefully guys figure out how to come to bitcoin without using money that they need to invest into bitcoin since that would be trading (or gambling) rather than investing, and if guys are already in the habit of using discretionary income to invest into bitcoin, then they already may well have come to the conclusion that they don't need the money that they invested into bitcoin for 4-10 years or longer, so then we might need to figure out how long has any of the members you are addressing might have had been in bitcoin and what might be their various goals in respect to their bitcoin investment..

Hopefully not everyone is in a desperate state and having to take profits with their BTC as soon as possible and then end up engaging in short-sightedness. and perhaps result in being a low coiner, no coiner or someone who sold way too many coins too soon, which I get the sense that you @bubilas might fit within one of those loser categories, even though you have been registered on the forum since August 2013, yet you come to this thread and tell guys to sell merely based on recent BTC price moves, and without knowing anything else.

Now with you it could be the case that you have plenty of bitcoin since you have been registered on the forum since August 2013, yet perhaps you have been taking profits all along the way and you want other members to fuck up like you and you have failed/refused to figure out what investing into bitcoin is so you have remained pretty much a trader, a low coiner or a no coiner, but you still want to give bitcoin advice?  Since you have known about bitcoin since August 2013, you should have had learned something by now, except for just taking fiat profits as soon as you feel you are sufficiently in profits.

HM?  Have you accumulated much if any BTC over the years or have you been too busy trading (gambling) or selling too many BTC too soon and you have nothing or close to nothing to show for your time in bitcoin?
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 12, 2024, 02:26:42 AM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
Don't assume that all newbies know that bitcoin is a long term investment because some of them come into this space for quick profits especially now that we are in a bull run that have seen bitcoin making new ATH. We should try as much as we can to give them the right information this time around because we have reached the point where there is unprecedented hype on social media about how new millionaires are about to be made through bitcoin. I saw a couple of such posts lately and the consequence of such posts is that many people are getting on board with money they cannot afford to keep in bitcoin for long with the mindset that bitcoin will make them rich overnight.

The right information is that bitcoin is a good investment option but the best way to go about bitcoin is to hold it for at least 4 years and above. Secondly, while investing in bitcoin, the investor must keep money to cover his basic needs out of bitcoin because such money are not supposed to be invested into bitcoin. In addition, some money should be set aside for emergency which include things that can come up during the investment period which were not planned for. This will help the investor not to sell his bitcoin to solve simple problems that emergency funs would have taken care of.
I didn't assume that all newbies know that bitcoin is a long-term investment, and that's the more reason I said that since bitcoin is a long-term investment, he should use the money he will not be needing for 4-10 years or more to invest in bitcoin so that it will allow him not to depend on his bitcoin investment to sort out his daily expenses because he used the money that is not allocated to solve his daily expenses or to build up his emergency funds for 4-10 years or more to invest in bitcoin. I do not know if you were sleeping when you read my post because of all the things you just said in your post I have already said to that newbie, but you chose to make up your post just to make me look as if I don't know what I am doing. What will happen to your bitcoin investment if you use the money that you will not be needing for 4-10 years or more to invest in bitcoin?
sr. member
Activity: 420
Merit: 253
November 12, 2024, 01:57:31 AM
I want to congratulate everyone on Bitcoin's growth to new heights, friends. And I understand that we all prioritize DCA investing in the long term, and are not particularly interested in the price, but nevertheless, I am glad that the Bitcoin rate is what it is now. The fact is that among Bitcoin investors there are those who need Fiat - for health reasons (for treatment), or to buy something for children, because we are all people and we have needs. And now is the moment when these people can transfer some of their savings to Fiat, and this is profitable thanks to the price of Bitcoin.

Thought we are still trying to run away from Fiats, here you are suggesting we should sell to Fiats in order to attend to some basic needs. Perhaps, as a bitcoin investor, it is assumed you already have Fiats to take care of some immediate needs that may arise while you are still making accumulations, that's where the emergency funds plays it's role since they are in Fiats. except for those who have reached their level of investment, don't see any need or whatsoever to sell bitcoin now. Wondered what could be making the price to skyrocket lately? It's not a natural phenomenon as investors are buying more and that's how the value is increasing or do you wish to sell what others are seeing more value in and sorting after it more than anything else now?

Bitcoin to the moon... no retreat no surrender
sr. member
Activity: 448
Merit: 351
November 12, 2024, 01:56:00 AM

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

You should understand that this thread is voluminous for newbies to go through before they can ask questions about what they need to know about bitcoin investment. There's always room for newbies to ask repeated questions on what they want to understand and when they seek for more clarity. Besides there are times when a newbie or any other person will come across an explanation about something they want to know but might not be satisfied with the response they got from a particular user, which will make them want a more broader and clearer understanding from some other users. Newbies are always eager to learn and know their way around so you can't completely blame them because if you reflect at when you were a newbie and came across this thread, you may find out you did similar things but all are just within the newbie era. However, everyone is open to discussions in this thread irrespective of being a beginner or not.
Even if the thread is voluminous, they can go through some pages, I'm sure they will get something out of it. The point is that someone who is eager to learn has to show some prove of work. Look even in college when a lecturer sell you his text book, you have to read through the book no matter how voluminous the book is if you want to pass your exams. If the secret of what you are looking for is hidden in the book, you have to find time to go through it.

Using how voluminous it is as an excuse will only show that you are a lazy individual who wants everything to be dished out to you on you table without making any efforts. I'm not saying that the newbie must go through the entire thread before asking a question, but going through 50 to 100 pages backward will help than not going through it at all. You don't really know what I did when I was a newbie, so don't assume what you don't know.

When I was a newbie and came across this thread, I read through the thread 150 pages backward from where I met it, that was how I got more insight about what the thread was all about. Everyone must not do exactly as I did, but going through some pages won't do them any harm. This way they will be more informed, thereby prompting them to ask more meaningful and constructive questions rather than jumping in and asking silly questions.
sr. member
Activity: 266
Merit: 205
November 12, 2024, 01:33:47 AM


 The fact is that among Bitcoin investors there are those who need Fiat - for health reasons (for treatment), or to buy something for children, because we are all people and we have needs. And now is the moment when these people can transfer some of their savings to Fiat, and this is profitable thanks to the price of Bitcoin.
I think that as a Bitcoin investor, your should prepare for the rainy days, that's why it's mandatory that you must have a good source of income and an emergency fund so that you wouldn't have to temper with your Bitcoin holdings regardless of what so ever, because by your illustration here I mean the words I made bold in your statement, it's like you are encouraging people to withdraw some profit from your initial holdings, due to the gains it had made.

But I want you to take note that once you start taking small profit or tempering with your holdings, it's very difficult to stop, so I believe that your source of income and your emergency funds should be enough to take care of your children's needs and medical bills if the needs arise.
So in essence of what am trying to say is that in other for your Bitcoin holdings to survive the rainy days and any troubles that may arise, it's best you have an emergency fund and a good source of income while investing in Bitcoin.
member
Activity: 75
Merit: 16
November 12, 2024, 12:50:14 AM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
Don't assume that all newbies know that bitcoin is a long term investment because some of them come into this space for quick profits especially now that we are in a bull run that have seen bitcoin making new ATH. We should try as much as we can to give them the right information this time around because we have reached the point where there is unprecedented hype on social media about how new millionaires are about to be made through bitcoin.
All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.

You should understand that this thread is voluminous for newbies to go through before they can ask questions about what they need to know about bitcoin investment. There's always room for newbies to ask repeated questions on what they want to understand and when they seek for more clarity. Besides there are times when a newbie or any other person will come across an explanation about something they want to know but might not be satisfied with the response they got from a particular user, which will make them want a more broader and clearer understanding from some other users. Newbies are always eager to learn and know their way around so you can't completely blame them because if you reflect at when you were a newbie and came across this thread, you may find out you did similar things but all are just within the newbie era. However, everyone is open to discussions in this thread irrespective of being a beginner or not.
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