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Topic: Buy the DIP, and HODL! - page 44. (Read 131620 times)

sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 15, 2024, 09:03:18 PM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.
Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.
Since nobody can predict what will really happen in the future, waiting for a dip to happen before one can accumulate bitcoin is not a good strategy to adopt because you are not certain if it will happen today or tomorrow. The DCA strategy plays a big role in our bitcoin accumulation journey, and it doesn't only allow investors to buy bitcoin right away when their discretionary income is readily available, but it also allows investors to accumulate bitcoin even in a dip. But if any investor is much concerned about accumulating bitcoin in a dip, there are strategies he can combine together, which will allow him to consistently accumulate bitcoin with the DCA strategy and also buy the dip when it happens. If an investor has good discretionary income, he can divide his bitcoin investment money into two equal parts and use one part to accumulate bitcoin consistently with the DCA strategy and use the second part to accumulate bitcoin whenever a dip happens, which helps him take advantage of the market because he has reserved some funds that will help him buy the dip.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
November 15, 2024, 07:09:41 PM
was thinking we should create a new thread called, "buy the RIP, and HODL!"


We are entering that part of the cycle where as a DCA buyer your going to have that monkey on your shoulder saying "ooohhh, its expensive. I know i said I would ignore the price and buy, but damn its ripping"

Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.

Here is an example to help

Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.

If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase

Dont stop stacking baby, your the one that drives me crazy :-)


Perhaps considering the performance of bitcoin since 2009 when it was created till date it shows that everyday is a day of accumulation, every moment you have is an opportunity to grab more bitcoin to your portfolio as it's getting more expensive than you can ever wait for. DCA has solved the problem of timing, emotional diversity, and financial instability/problems. it's best we use every opportunity we have to buy and Hodl for bitcoin will always be a Green assets and a true definition of money with it's level of scarcity and other features.

Truth remains that the most expensive price you could buy today might be the cheapest price you could get it for a long time.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
November 15, 2024, 05:37:07 PM
Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.
This is what many don't understand how powerful DCA/accumulation is. It doesn't matter if you're able to buy sums or not now but the willingness and psychological impact on it with any amount that you can spare in doing that action in the present time.

All they have to do is to zoom out the charts and there is only one way where Bitcoin is going, to the top.

Here is an example to help

Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.

If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase

Dont stop stacking baby, your the one that drives me crazy :-)
They can think of any other better price that they can compare in today's price that there's always a better and more expensive price that's about to come.

$1k/BTC was expensive in the past as they say.

It went $10k/BTC still another expensive price.

And so on.... if they don't take any actions and will always have that reasoning, I bid my good luck to them and see them at the top when Bitcoin's price is more expensive as now.
hero member
Activity: 1358
Merit: 627
November 15, 2024, 04:00:53 PM
was thinking we should create a new thread called, "buy the RIP, and HODL!"


We are entering that part of the cycle where as a DCA buyer your going to have that monkey on your shoulder saying "ooohhh, its expensive. I know i said I would ignore the price and buy, but damn its ripping"

Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.

Here is an example to help

Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.

If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase

Dont stop stacking baby, your the one that drives me crazy :-)


Of course we keep buying throughout the week, dca does not look at expensive or cheap prices because every maturity is better done to buy bitcoin.
For me it doesn't matter whether the price is expensive or cheap because we target BTC to hold in the long term.

Consistent accumulation is better to apply because the level of consistency will overcome many obstacles that hinder us. Don't look at the price when executing because we have to look at the limited supply of bitcoin, therefore expensive prices are not a big problem to continue buying bitcoin.

The accumulation phase must continue to run as it should, our target is of course to hold in the long term, so if we delay buying, it's the same as we don't understand enough about investing for the long term.
full member
Activity: 255
Merit: 209
November 15, 2024, 02:10:28 PM
was thinking we should create a new thread called, "buy the RIP, and HODL!"


We are entering that part of the cycle where as a DCA buyer your going to have that monkey on your shoulder saying "ooohhh, its expensive. I know i said I would ignore the price and buy, but damn its ripping"

Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.

Here is an example to help

Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.

If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase

Dont stop stacking baby, your the one that drives me crazy :-)

legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
November 15, 2024, 12:26:12 PM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.
Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

I largely agree with your position Y3shot, and getting started is one of the main things that any BTC investor needs to do, and to figure out some kind of a balance, so sure, if he figures out that he has around $200 per week in discretionary income, he might not want to spend all of his discretionary income buying bitcoin, so he might figure out $50 per week while he is sorting out some of the particulars in regards to how aggressive that he is able to be in regard s to buying bitcoin, and perhaps investigating if he has any other money that he can bring to the table for his initial start into bitcoin. Otherwise if a newbie comes to bitcoin with a lot of uncertainty in his own finances and psychology, then he is likely going to need to start more conservatively while he is figuring out and/or organizing his own personal circumstances... so then thereafter, he is able to figure out an appropriate level of aggressiveness or whimpiness that he would like to employ in regards to any bitcoin position that he might choose to take... which surely it should not take much if any time to figure out if a guy has a discretionary income or not, and if he has a discretionary income, then he is at least able to invest into bitcoin, and so in that process he still will likely need to work out the details in regards to what he is going to do... and it can take a bit of time also just to figure out bitcoin sourcing, even though many people have exchanges around the world, but there are still some places that it is difficult to set up or figure out exchanges, and also there may be places in which there are not very many people in the community to meet either, which could be another way to get started by going to some bitcoin meetups and hope that they know about bitcoin rather than promoting shitcoins.

Before I came to know about this thread I used to focus on trading Bitcoin rather than holding but it brought me loss rather than profit. I was very upset. Because I was short of money at that time. But I was able to completely distance myself from Bitcoin trading when I realized that holding Bitcoins is needed. Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good. DCA is not only for an ordinary investor but anyone can hold bitcoins following this method. I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.

I believe this thread is 600 pages long and will be more. This thread is very helpful for getting success from Bitcoin. Those who will positively consider the suggestions in this thread I think will definitely be able to become profitable with Bitcoin.
Buddy am very happy that you retraced your step due to the information you got on this particular thread, some person don't read in between lines here, they concentrate mainly on what the topic is saying which may be deceitful without knowing the detailed discussion in the thread, though your previous loss may be as a result of lack of information, understanding or inability to understand that Bitcoin is a long-term investment that has to do with gradual process not a kind of quick money making venture though I wouldnt really blame you much it may be because of your mindset before you started, Bitcoin is not gambling stuff, it's also good that you have tasted that trading part and i believe as it stands now you can differentiate which is better between bitcoin investment in a long-term and trading which is seen as a short-term investment.

Surely the title of the thread is a challenge, and I doubt that the title should change merely because posts within the thread have been constantly challenging the premises of the OP and to suggest that buying on the dip is only one of three strategies and it is likely less superior than DCA and/or Lump sum buying, yet buying on the dip and HODL do surely have their places.

Perhaps we can learn from the title that we need to do our own thinking in terms of figuring out the extent that these kinds of practices fit into where any of us might be in our bitcoin journey. 

Even the thread was created in early 2019 which was in the midst of a BTC price run, which surely price runs can be trying times for anyone who had not already established their BTC position, and they might not know what to do if they had already been DCAing, whether they should stop or continue to buy even though the BTC price was then going up.  We seem to be in similar kinds of times now, yet each time we can never know where the BTC price is going to go while we are in it.   

The best decision you have taken is distancing your self as you said from unrealistic goal that's capable of running your investment plans, you advised yourself wisely by taking the path that will secure your future as a bitcoiner, I somuch believe that you have started doing the needful by now and hope to see you at the top in the future.

Yes the thread is extremely needful and helpful at the same time and our mentor @JayjuanGee has been doing the best he could to always straighten out heads when we want to make mistakes in Bitcoin investment, as for the thread, It will definitely continue because many people are topping into Bitcoin investment and I believe such perons will be needing the advise of all that have undertood the concept of Bitcoin investment to enable them do the right thing.

Surely this thread has had a long life and it has become a pretty popular thread, even though like you mentioned on the surface, the title can cause newbies confusion regarding what to do, and perhaps the message is to think for yourself and to figure out your formula, especially since if you are brand new, then you are not likely going to be very well served by coming to bitcoin and employing a waiting strategy - which buy the dip seems to imply, even though it also could imply that if anyone has been buying BTC for a while, then they better seriously consider buying more when the BTC price dips, yet I even tend to question the trade offs of such a strategy of holding back value to buy dips for newbies, especially for newbies who may already get into bitcoin and start to try to buy every single week, but if they are new to bitcoin maybe they only have a few months, at best buying bitcoin on a regular basis, and surely our own length of time and how many BTC that we are able to acquire (and other aspects of our own personal particulars) is going to help to inform us what to do.. yet the very first step is to get started and establish a regular BTC accumulation process and to make sure that each of us understand what is the extent of the budget that we are even ready, willing and able to work with in regards to buying bitcoin regularly. 

We have to look to ourselves whether we are going to first get started and to establish a BTC buying practice, and if we can get ourselves past that very first stage, then we have to figure out how whimpy or how aggressive we are going to be or if we are going to try to employ some kind of an in-between BTC accumulating practice while at the same time we might be sorting through our own budget parameters and really getting to know how much we have to work with, especially if we come to realize that we are stocking away the BTC for 4-10 years or longer - that is if we are planning to invest into bitcoin rather than trade it, and we might not even be sure that we are able to commit to investing into bitcoin rather than trading it, even though with much discussion and thought, many may well come to realize that bitcoin is a better investment than it is a trade, even though in the beginning of our learning about bitcoin we might not be able to understand and commit to bitcoin on those kinds of investing terms.  I don't know how anyone can expedite the process of learning and/or becoming familiar with bitcoin and even coming familiar with themselves and their particulars without going through the process, and surely bitcoin is only part of what they have to learn, and if they already know themselves and their budget well, then they are going to be further ahead as compared to the one who might have messed up finances and psychology, since learning about bitcoin is ONLY one part of the formula for figuring out how large of a position to take in bitcoin, if any, and if so, how to get to that BTC position, as a kind of ongoing process that takes a lot of time, even for someone who is already well-organized in his finances and psychology.

This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good.
Accumulating bitcoin with the DCA strategy doesn't necessarily mean one has a shitty source of income; even the rich utilize the DCA strategy when they are investing in bitcoin for the long term. The main reason why most people adopt the DCA strategy is because it helps to control emotions.

Sure DCA can help you control emotions since any of us can tailor the DCA to the level of the budget and the level of aggressiveness that a person would like to be within their budget and their discretionary income.

Mistakes can still be made, so a person might have to employ DCA for several months and to kind of adapt how aggressive he wants to be in regards to the DCA and to kind of learn about his own finances and psychology while ongoingly doing the DCA and adjusting it, and perhaps there might be more adjustments in the earlier stages of buying bitcoin, and perhaps the longer a person DCAs and the more BTC that is accumulated, then there might become less of a s sens of a rush to continue to DCA aggressively and then maybe to establish a more modest DCA amount that is a bit more regular - yet on the other hand there might be some folks who start out DCAing in a modest way (perhaps even a bit whimpy), but then as they DCA for a while, they might come to realize that they had been being too whimpy and they might want to adjust their DCA style to become more aggressive.

I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.
Even though you are not concerned about accumulating bitcoin when a dip happens, there is nothing to be worried about because the DCA strategy gets you covered. Since the DCA strategy allows investors to accumulate bitcoin right away when their discretionary income is available without waiting for bitcoin to drop, it also allows investors to accumulate bitcoin even when there is a dip because their weekly or monthly discretionary income can be readily available when a dip happens.

I think DCA weekly works better for relieving psychological tension in regards to trying to time DCAs for dips, yet I understand that some times there are going to be members who have difficulties figuring out how much of their money they can allocate towards their DCA, so they might ONLY be able to employ their DCA monthly, so surely the more income (or the more discretionary income) a person has, then the more they will have various categories of money to work with, and surely it also seems that the longer that any of us are in bitcoin, then the more we would be building up various kinds of cash reserves and more able to structure something like weekly DCAing, yet it is still difficult to talk on behalf of what the particulars of the finances of any particular member, so each of us has to figure out ways that we are able to manage our DCA amounts and our frequencies based on budgets, which hopefully we are also able to improve those kinds of cashflow management matters the longer that we are in bitcoin... and of course, guys with lower incomes have more challenging situations, and perhaps their strongest of solutions would be to figure out ways to increase their income or cut their expenses, and if their income is already really low, then the answer should be figuring out ways to increase income.. and some guys might not be in a position to be able to increase income, so they have to work with what they got.. which might mean that they are just not able to buy much bitcoin based on their finances..

[edited out]
I am not going to only concentrate on building backup funds, I plan building it alongside my accumulation journey, so I don't see any time wastage in my activities. Like you said when I am done with building my backup funds in two months time from my projection, I would merge the percentage for emergency fund building with that of accumulation and channel it to accumulating bitcoin for as long as it takes me to arrive at my accumulation target. My aggressiveness is somewhat moderated in order not to overdo it and wear myself out in the process. Everything is properly planned out. 

I am fully prepared, got an extra job which I do only four hours a day for the sole purpose of my accumulation journey so you can guess that my mind is sealed on this course. I would continue learning and growing my investment mindset and with time I would probably do better.

Well based on your forum registration date, you have a little than less than 10 months here, and I wasn't quite sure if you might have had been shitcoining prior to registering on the forum, and sure maybe that back history does not matter so much as compared to what you had learned from it and you might know about some areas that you want to be careful in going back to.  Sometimes it can be difficult to shake some of the bad habits and also to figure out the difference between bad habits and good habits, because frequently we see that guys claim that they have gotten rid of their bad habits but then they end up reverting to some of their old bad habits, so sometimes just putting into place good practices is not enough unless you are continuously figuring out ways to reinforce the good habits, yet while at the same time trying to be yourself and to be comfortable that your chosen path is your own (at least you might model from someone else, but you should be attempting to make your path your own at the same time).

So, yeah, it sounds correct that as you get used to putting your plan into practice, you may well be able to become more and more aggressive in your accumulation of bitcoin after you have put various back up systems into place, and truly you should realize that your back up systems might not end up getting tested during good times, and so sometimes we might not really know for sure if our  backup systems are strong until tough times come and also there might be guys who make their mistakes right before the bad times come, so that their various back up systems might have had been working well and were strongly in place, and then they end up screwing up the whole thing because they get greedy and they end up taking chances beyond what they should have had done. 

Surely also there are sometimes where any of us might make some mistakes along the way where we don't make as much money or we take a chance on something and we lose money, and probably there are no problems with those kinds of little experiments as long as we are not risking large portions of our BTC portfolio or other aspects of our cashflow management systems... and of course, even if we have some winning or losing little side strategies, if we are mostly building and we are not really losing very much and we are not getting taken out of the game, then we should still be able to be content with our BTC performance and/or our overall performance including sometimes our rewarding ourselves along the way and even sometimes using money to build our relationships, while we may well still stay focused on our BTC investing at the same time.
hero member
Activity: 882
Merit: 581
November 15, 2024, 11:23:08 AM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.
Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

Those set of people who are continually waiting for a dip will continue experiencing regret in life why they did not invest when others were investing and Bitcoin, Let’s look at what happened recently with the increase in Bitcoin's price continuously, Those who were waiting for a dip are currently regretting why they didn’t invest in Bitcoin, even when the price was at $70k recently.

Many have discovered that they have wasted their opportunity not invested in Bitcoin early as they keep waiting for dip. On the other hand, the smart ones those who realized this are mistakes now starting to invest and never think of the price again. However, there will still be some people who follow advice that Bitcoin will drop to a certain price, which I believe is wrong because nobody can accurately predict Bitcoin’s price.

If anyone is on this thread, and start still waiting for dip I would advise them not to follow such advice. Instead, start investing in Bitcoin using the Dollar cost Averaging (DCA) method. This approach will help you buy at different price levels, which is a great strategy for long term investment.
member
Activity: 65
Merit: 18
November 15, 2024, 09:10:00 AM
Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose
Bitcoin would not help you recover loss because it is neither gambling nor ponzi scheme, your mess with shitcoins stays with you and the funds expended from stupid involvement with it has been lost forever. Bitcoin is a profitable investment on a long-term plan and getting involved with bitcoin with the motive of recovering loss is a trader activity and you might still be disappointed by its volatility. Bitcoin is different, you invest with your discretionary income, employ an accumulation strategy or more than one, have an accumulation target in mind and go on to the long term profitable investment journey in bitcoin.
Yes, you are right, I wasted a lot of time and funds on shitcoins earlier in my crypto involvement and got really messed up financially, would've continued in that direction to recover losses and possibly gone into a deeper shit until someone introduced me into bitcoin and this forum of course and I have really taken my time to read some good number of pages here and gathered enough information on the good patterns of investing into bitcoin as well as the best practices and trade offs and hence my decision to abandon shitcoins, forget about my heavy losses and direct all my energy into bitcoin is a wise choice.

we grow everyday, learn and unlearn a lot of things and make better decisions and one of the greatest decisions I made even before the significant uptrend in bitcoin price is to choose bitcoin over shitcoins this time around and embarking on a log-term plan as against the short-term profit minded I used to be, my convictions are strong and I know the future ahead is greener for me.
I will advise you as a new investor who wants to start his bitcoin journey to first of all figure out how much of your discretionary income that you use to buy bitcoin that will not add pressure on you, so that they can use that amount to buy bitcoin always either weekly or monthly with DCA for 4-10 years and above consistently and persistently so that you can gradually keep on increasing your bitcoin investment overtime.

You also need to set up an emergency funds of 3-6 months of your monthly income to backup your bitcoin portfolio, so that you don't sell your bitcoin when a real emergency happens, like you losing your job or got got sick for few weeks and above. It's not compulsory for you to have your emergency funds on ground before starting, if you already have it currently, that's not a problem. However, if you don't have any emergency funds, you can build it along aside with your bitcoin investment by using the other part of your discretionary income to build your emergency funds till it reaches at least 3 months of your income.

It is good to have various backup funds, after building your emergency funds, you can still channel that same amount to build your reserve funds which is a back up to your emergency funds.
Yeah, thanks man for the few pointers, I gat all that figured out and learned more as I navigated this thread before getting involved in discussion, in addition to that I also learned how to arrange my discretionary income and carve out percentages for my bi-weekly DCA and some for my emergency fund building in Fiat alongside my investment and then leaving some few funds to take care of my little needs as a third backup funds. been going for months now, been challenging but I think it is less stressful compared to shitcoins and I focus more now on my work and only have to make funds available periodically to buy bitcoin and maintain my peace.

I'm more concentrated now on things I do on a personal level against other times when I am continually on the look out for new and better shitcoins to leverage on and giving less time to my career.

Quote
After building these back up funds, you can start DCAing aggressively so that you can cover up all the time that you have wastes using to build all these back up funds.
I am not going to only concentrate on building backup funds, I plan building it alongside my accumulation journey, so I don't see any time wastage in my activities. Like you said when I am done with building my backup funds in two months time from my projection, I would merge the percentage for emergency fund building with that of accumulation and channel it to accumulating bitcoin for as long as it takes me to arrive at my accumulation target. My aggressiveness is somewhat moderated in order not to overdo it and wear myself out in the process. Everything is properly planned out. 

I am fully prepared, got an extra job which I do only four hours a day for the sole purpose of my accumulation journey so you can guess that my mind is sealed on this course. I would continue learning and growing my investment mindset and with time I would probably do better.


hero member
Activity: 658
Merit: 562
November 15, 2024, 08:44:41 AM
Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose
Bitcoin would not help you recover loss because it is neither gambling nor ponzi scheme, your mess with shitcoins stays with you and the funds expended from stupid involvement with it has been lost forever. Bitcoin is a profitable investment on a long-term plan and getting involved with bitcoin with the motive of recovering loss is a trader activity and you might still be disappointed by its volatility. Bitcoin is different, you invest with your discretionary income, employ an accumulation strategy or more than one, have an accumulation target in mind and go on to the long term profitable investment journey in bitcoin.
Yes, you are right, I wasted a lot of time and funds on shitcoins earlier in my crypto involvement and got really messed up financially, would've continued in that direction to recover losses and possibly gone into a deeper shit until someone introduced me into bitcoin and this forum of course and I have really taken my time to read some good number of pages here and gathered enough information on the good patterns of investing into bitcoin as well as the best practices and trade offs and hence my decision to abandon shitcoins, forget about my heavy losses and direct all my energy into bitcoin is a wise choice.

we grow everyday, learn and unlearn a lot of things and make better decisions and one of the greatest decisions I made even before the significant uptrend in bitcoin price is to choose bitcoin over shitcoins this time around and embarking on a log-term plan as against the short-term profit minded I used to be, my convictions are strong and I know the future ahead is greener for me.
I will advise you as a new investor who wants to start his bitcoin journey to first of all figure out how much of your discretionary income that you use to buy bitcoin that will not add pressure on you, so that they can use that amount to buy bitcoin always either weekly or monthly with DCA for 4-10 years and above consistently and persistently so that you can gradually keep on increasing your bitcoin investment overtime.

You also need to set up an emergency funds of 3-6 months of your monthly income to backup your bitcoin portfolio, so that you don't sell your bitcoin when a real emergency happens, like you losing your job or got got sick for few weeks and above. It's not compulsory for you to have your emergency funds on ground before starting, if you already have it currently, that's not a problem. However, if you don't have any emergency funds, you can build it along aside with your bitcoin investment by using the other part of your discretionary income to build your emergency funds till it reaches at least 3 months of your income.

It is good to have various backup funds, after building your emergency funds, you can still channel that same amount to build your reserve funds which is a back up to your emergency funds. After building these back up funds, you can start DCAing aggressively so that you can cover up all the time that you have wastes using to build all these back up funds.

I am happy that you have learned your lesson from buying shitcoin, it's better that you don't procrastinate of starting your bitcoin investment, because if you have the funds now, it's better that you start buying right away and don't think that the price is very expensive, because you are a no coiner and using DCA method to buy every week will put you in a good position than waiting for the dip, as a new investor on a long-term plan. Bitcoin is not a get rich quick scheme but it's for the future, and it's worth investing for the future.
member
Activity: 65
Merit: 18
November 15, 2024, 08:17:58 AM
Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose
Bitcoin would not help you recover loss because it is neither gambling nor ponzi scheme, your mess with shitcoins stays with you and the funds expended from stupid involvement with it has been lost forever. Bitcoin is a profitable investment on a long-term plan and getting involved with bitcoin with the motive of recovering loss is a trader activity and you might still be disappointed by its volatility. Bitcoin is different, you invest with your discretionary income, employ an accumulation strategy or more than one, have an accumulation target in mind and go on to the long term profitable investment journey in bitcoin.
Yes, you are right, I wasted a lot of time and funds on shitcoins earlier in my crypto involvement and got really messed up financially, would've continued in that direction to recover losses and possibly gone into a deeper shit until someone introduced me into bitcoin and this forum of course and I have really taken my time to read some good number of pages here and gathered enough information on the good patterns of investing into bitcoin as well as the best practices and trade offs and hence my decision to abandon shitcoins, forget about my heavy losses and direct all my energy into bitcoin is a wise choice.

we grow everyday, learn and unlearn a lot of things and make better decisions and one of the greatest decisions I made even before the significant uptrend in bitcoin price is to choose bitcoin over shitcoins this time around and embarking on a log-term plan as against the short-term profit minded I used to be, my convictions are strong and I know the future ahead is greener for me.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 15, 2024, 07:33:57 AM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good.
Accumulating bitcoin with the DCA strategy doesn't necessarily mean one has a shitty source of income; even the rich utilize the DCA strategy when they are investing in bitcoin for the long term. The main reason why most people adopt the DCA strategy is because it helps to control emotions.

Quote
I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.
Even though you are not concerned about accumulating bitcoin when a dip happens, there is nothing to be worried about because the DCA strategy gets you covered. Since the DCA strategy allows investors to accumulate bitcoin right away when their discretionary income is available without waiting for bitcoin to drop, it also allows investors to accumulate bitcoin even when there is a dip because their weekly or monthly discretionary income can be readily available when a dip happens.
full member
Activity: 560
Merit: 161
November 15, 2024, 07:02:11 AM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.
Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.
sr. member
Activity: 616
Merit: 414
November 15, 2024, 06:14:24 AM

Before I came to know about this thread I used to focus on trading Bitcoin rather than holding but it brought me loss rather than profit. I was very upset. Because I was short of money at that time. But I was able to completely distance myself from Bitcoin trading when I realized that holding Bitcoins is needed. Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good. DCA is not only for an ordinary investor but anyone can hold bitcoins following this method. I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.

I believe this thread is 600 pages long and will be more. This thread is very helpful for getting success from Bitcoin. Those who will positively consider the suggestions in this thread I think will definitely be able to become profitable with Bitcoin.

Buddy am very happy that you retraced your step due to the information you got on this particular thread, some person don't read in between lines here, they concentrate mainly on what the topic is saying which may be deceitful without knowing the detailed discussion in the thread, though your previous loss may be as a result of lack of information, understanding or inability to understand that Bitcoin is a long-term investment that has to do with gradual process not a kind of quick money making venture though I wouldnt really blame you much it may be because of your mindset before you started, Bitcoin is not gambling stuff, it's also good that you have tasted that trading part and i believe as it stands now you can differentiate which is better between bitcoin investment in a long-term and trading which is seen as a short-term investment.
The best decision you have taken is distancing your self as you said from unrealistic goal that's capable of running your investment plans, you advised yourself wisely by taking the path that will secure your future as a bitcoiner, I somuch believe that you have started doing the needful by now and hope to see you at the top in the future.

Yes the thread is extremely needful and helpful at the same time and our mentor @JayjuanGee has been doing the best he could to always straighten out heads when we want to make mistakes in Bitcoin investment, as for the thread, It will definitely continue because many people are topping into Bitcoin investment and I believe such perons will be needing the advise of all that have undertood the concept of Bitcoin investment to enable them do the right thing.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
November 14, 2024, 07:29:35 PM
I am one of those that have sold too early on 2021 but then, I've learned from that moment and happy to be with you guys, the moon and the golden hands club.  Cool
I suppose the main thing is learning, and surely if you had been mostly focusing on accumulating since your forum registration date (in 2016), you would be in a good place right now, yet there are a lot of us who have made several mistakes along the way, and one of the main things is to try to be able to stay in the game and to not get completely knocked out of it.

It can be tempting to sell too much too soon without realizing that is what is happening, and so I continue to be a pretty BIG fan of incrementalism and figuring out ways to engage in incrementalism especially when it comes to selling BTC - yet I also have a bit of a philosophy that it is not even a good idea to start to think about thinking about selling your BTC until you are either sure that you have enough or that you have more than enough, and that can be a bit of a tricky kind of a measure to figure out how much is enough.

One of the frequent problem that guys have is to sell with an anticipation of buying back cheaper, and it seems to me if there is a structuring of sales in such a way that there is no expectation to buy back cheaper, then there is a realization that you cannot start to sell BTC until you are sure that you have enough or more than enough.. so then you would ONLY sell from the part of your stash that is "more than enough." No one is going to help you if you miscalculate whether you have enough or not, and you likely have come to realize that no one is going to save you if you end up selling too many of dee cornz too soon.
I have accumulated but compared to you and the others who have been too early on accumulation, it's incomparable.
Personally, I tend to believe that it is better to attempt to compare yourself to other versions of yourself rather than picking some other timeline, and surely many of us likely inevitably make several mistakes along the way, yet if we try to learn from our mistakes we are likely in a better position to tweak our practices to make our practices more solid, whether we are still accumulating bitcoin or maybe at some point we end up transitioning into more of a maintenance rather than accumulation state.  Surely I would not proclaim that transitioning from early accumulation to maintenance is a clear line since there can be levels within accumulation and also levels within maintenance.. and surely later we might be unclear whether to call our later stages liquidation or merely a form of maintenance that is done through a kind of sustainable withdrawal...so we never really plan to get out of bitcoin once we largely established our position we might transition into variations of our maintenance state.
That's positive to me. I get the idea that it's a matter that I have to take so that it pushes me more or gives me more encouragement to do better and be like each and everyone of you. Although I know that there's a huge gap and it's like me a cub following the leader and I am part of the group.   Tongue

I am even thinking of something great at my position but I just can't forget the bad decisions I've made in the past. But I know more people that did more bad than me so that's no reason for me not to be grateful with my status.

There can be periods of time in which any of us might feel that our bitcoin holdings are stagnant and they are not making any progress, and surely there tends to be value in keeping on stacking and building your BTC portfolio during those times, and surely, even if there might have had been several mistakes to just keep ticking away at ways to make progress in regards to continuing to build your BTC stack until you get it to where you want it to be.

I don't have any exact techniques to stop guys from trading and/or wanting to gamble with their BTC, and during times like this guys may well end up selling large portions of their BTC stash, but then later never ever able to get to the quantity of BTC that they had held previously...and even though many folks might try to warn guys not to sell, there is no way to stop guys from doing dumb things.. and they end up with less BTC than they otherwise would have had or should have had.

But I can say that this is going to be a life changing thing if ever the right time of selling for me happens again.
I doubt that there is any right time for selling, especially for guys who consider bitcoin as a long term investment.  Sure there are ways that we can shave off part of bitcoin based on price and/or based on time, yet I doubt that it is really to think about your bitcoin as being something to sell rather than something to figure out ways to manage.

But, yeah of course, you are free to think about your bitcoin however you like and do with it whatever you like, even if you choose to do dumb stuff with it, such as trying to trade it... or selling it in order to buy some short term fiat pleasures... so you may need to continue to study bitcoin so that you can figure out some kind of plan that might not cause you to get completely out of bitcoin, absent that you are on your deathbed or some other contingency that might inspire to sell from principle rather than selling from profits... but yeah, there are a lot of guys who have difficulties figuring out how to value and to manage their BTC in order to make sure that they are more empowered by it rather than just merely considering short-term fiat gainz.
That's realization but what I can say of myself is that I won't trade off some of my BTC for personal stuff and pleasures only or even other short term things. Thanks for the wisdom, it's about managing now that's word. It's not only about decisions, accumulation but also that magic word you've said, how to manage it and it covers everything, selling, holding, emotions, buying, etc.

Yep.. and it may even take a few cycles before you really start to feel that you have a decently large stash of BTC... so it can take patience, too, which includes not overly spending from your stash, once you do start to feel that you are justified in starting to spend from your BTC stash.

It is true that it is about learning, how many bull runs were there already that happened in my life and I've sold some amounts that truly are huge if the present value today will be on those sold Bitcoins that I have made before. But you're right about it, figuring it out and thinking if I have more than enough to sell is going to be hard. I'll make sure this time that I make the right decision.
Hopefully you can figure out something that is reasonable and fits your situation, and of course, I have been trying to write on the topics of bitcoin investment ideas and sustainable withdrawal ideas, yet one of the things that I frequently need to emphasize is that guys should be focusing on accumulation through various ways of buying prior to getting into selling practices or trading or even getting involved in shitcoins.  So, I personally think that there can be quite a few ways to both buttress your knowledge and also to tailor your BTC approach so that you are more empowered by your BTC management practices rather than ending up with way fewer BTC than you otherwise would have had, and so sure I have n problem with the idea that your BTC is likely to shrink in quantity with the passage of time, once you enter into withdrawing (selling it), yet there are ways to manage that, and there are ways to continue to buy bitcoin so that you get your bitcoin number up without fucking around with selling which is like gambling and it is not going to really help you to get your bitcoin quantity up.. so from my point of view you gotta get your bitcoin quantity up prior to starting to even think about selling any of it beyond engaging in sell and replace practices.  And, yeah, I agree it can be difficult to figure out these kinds of ways of thinking about your bitcoin and bitcoin accumulation and management practices that compliment solid ways of thinking about your bitcoin.
I am now following that. I do agree about going on with shitcoins and even though I hold some of them but they're not of greater part of my BTC holdings.

Generally, I recommend to not allow shitcoins and/or trading to constitute more than 10% of your bitcoin stash, and you are the one who has to figure out how to make sure that you limit your involvement in those kinds of behaviors or involvement in those kinds of projects.  The more BTC that you accumulate, then it probably becomes more logical how to manage it, so you should be putting your own systems into place, whether you might start to withdraw from your bitcoin or perhaps wait another cycle before starting to withdraw from your bitcoin.  Sometimes you have to be careful to not be withdrawing from your bitcoin too soon or in a way that overly depreciates its value.  The idea is that you want to your bitcoin to be growing faster than you spend it, and if you don't have enough income coming from your bitcoin, then probably you don't have enough bitcoin yet and you should be continuing to build your bitcoin rather than trying to live off of it.

And it's just like playing around with some spare that I can afford to lose although that's in my case. While there have been a lot of people driving others to invest into altcoins, I always prioritize telling mostly my friends if being asked what to invest on this market, as a starter it's always been the best with Bitcoin and that's no brainer. Even at these prices, I am one of those that keeps on accumulating even with the little that I have, I am cash broke.

I doubt that it is a good idea to be cash broke, since if any shortfalls in your cash come such as drying up of your income or increase in your expenses, you need to be able to cover all of those expenses from your cash so you never have to touch your BTC, except completely at a time of your own choosing, which may well be 4-10 years or longer down the road... and if you had problems in the past, then you may well need to be putting stronger systems in place to make sure that you are not going to be tempted to touch your bitcoin until many years down the road, perhaps 15 years or more.
legendary
Activity: 2758
Merit: 1228
November 14, 2024, 06:05:27 PM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.

Sometimes I really think the name of the thread should be Buy and HODL, but we cannot dictate since I guess this is been discuss and people still want to retain the original name of the thread. Although it doesn't give much an impact to what people look at or intention on this thread since many people still discuss about HODL and I think its still serve its purpose.

DCA is really newbie friendly strategy that's why instead if look forward to buy on dips just like what other people think and wait, best to execute DCA strategy then be consistent on their accumulation. For sure if they stay in this thread they can learn a lot since to many good pointers that can help people to determine the ideal methods and certain things to do to make everything works well for them.
sr. member
Activity: 448
Merit: 351
November 14, 2024, 05:13:32 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.

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.
It is high time for people to understand shitcoins are not investment because the outcome can not be predicted. Investment is what you are sure of the outcome, something that is reliable to invest and that's what bitcoin is. Investing in shitcoin is not healthy for anyone because you won't be able to have peace of mind because the investment is not certain what the result would be like. Bitcoin is the real investment because profits are always certain for investors who take their time to hodl bitcoin as longterm investment.
Shitcoin is never an investment it is just a risky game that should never be taking serious because their is no point taking what is not reliable as a serious investment.
Many have tried and failed, but what surprises me is that people keep investing on them and sometimes I wonder if it's greed or quest for quick money that makes them invest on those shitcoins, I see randomly making research on shitcoins that would make 20X or 100X during a bullrun and I makes me wonder why they can't cancel that energy into investing in a coin that's more safer and less riskier.
 Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose, they feel has same risk factors as shitcoins and therefore tend to risk investing on those shitcoins cause of price, not knowing that the price of Bitcoin is not a barrier when it comes to investing on it.
 There are others who are impatient to embark on Bitcoin investment journey and would channel their energy to shitcoins to take quick profit, such people would learn the hard way, they might lucky to profit from investing on shitcoins on several occasions but on the longrun, they'll definitely regret threading that path, Bitcoin is the surest Cryptocurrency investment and best decision any investor would make.
Honestly there is no need giving or paying much attention to these things, so that we don't deviate from the original intent of this topic.
Let's try our best to see how we can limit our discussion on the purpose by which this thread was created for.
hero member
Activity: 1358
Merit: 627
November 14, 2024, 04:30:16 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.
Mostly don't look at threads like this because all they want to read are the threads that are about price increase of Bitcoin. It's okay, no pressure to them and everyone who's in here and there are happy with the strategies that we've built up in accumulation for ourselves. Those that have done DCA are probably enjoying lying on their beds now without nothing to worry about and are only waiting when they should sell if ever they plan to. But there's no need to think about it if you're for the long term. This is just one of the stops that we have to reach and soon, the world will be surprised and shocked by Bitcoin even more. The patient ones deserve their rewards because we've been into corrections and FUD and yet, everyone who sticked to BTC deserves a congratulations for surviving and reaching this point and even further.

I am one of those that have sold too early on 2021 but then, I've learned from that moment and happy to be with you guys, the moon and the golden hands club.  Cool
That's why I said we invest in bitcoin need an approach with seniors who were earlier involved in bitcoin, so that their history becomes an important guideline for us beginners to invest correctly without making mistakes again.

I got a lot of important input that has been explained by Mr. JJG in this thread, I always remember the important points as a guideline in the investments I make. I also don't want to compare other people's mistakes, even though each of us may have made mistakes but the awareness to fix them is an important point in the next investment.

Now the price of bitcoin is $92k almost reaching $100k. Whoever manages to Hold it is the one who succeeds. Of course, I agree with you that we must implement long-term investments, maybe in the next 20 years with a large target, the investment we make will be continued by our children or those who will enjoy the results.
sr. member
Activity: 602
Merit: 263
November 14, 2024, 04:21:11 PM
I am one of those that have sold too early on 2021 but then, I've learned from that moment and happy to be with you guys, the moon and the golden hands club.  Cool

I suppose the main thing is learning, and surely if you had been mostly focusing on accumulating since your forum registration date (in 2016), you would be in a good place right now, yet there are a lot of us who have made several mistakes along the way, and one of the main things is to try to be able to stay in the game and to not get completely knocked out of it.

It can be tempting to sell too much too soon without realizing that is what is happening, and so I continue to be a pretty BIG fan of incrementalism and figuring out ways to engage in incrementalism especially when it comes to selling BTC - yet I also have a bit of a philosophy that it is not even a good idea to start to think about thinking about selling your BTC until you are either sure that you have enough or that you have more than enough, and that can be a bit of a tricky kind of a measure to figure out how much is enough.

One of the frequent problem that guys have is to sell with an anticipation of buying back cheaper, and it seems to me if there is a structuring of sales in such a way that there is no expectation to buy back cheaper, then there is a realization that you cannot start to sell BTC until you are sure that you have enough or more than enough.. so then you would ONLY sell from the part of your stash that is "more than enough." No one is going to help you if you miscalculate whether you have enough or not, and you likely have come to realize that no one is going to save you if you end up selling too many of dee cornz too soon.
I have accumulated but compared to you and the others who have been too early on accumulation, it's incomparable. But I can say that this is going to be a life changing thing if ever the right time of selling for me happens again. It is true that it is about learning, how many bull runs were there already that happened in my life and I've sold some amounts that truly are huge if the present value today will be on those sold Bitcoins that I have made before. But you're right about it, figuring it out and thinking if I have more than enough to sell is going to be hard. I'll make sure this time that I make the right decision.

I believe alot of folks made same mistake while some where not even into Bitcoin then. But the past is the past now alot of folks are already regretting because they have no stashes now , but look on the bright side you can't repeat such mistake again , because now you have fully seen the beauty and potential of bitcoin.

Like for me I have gotten to some good point in ma accumulation some point didn't believe I could reach such speed but I still have a long way to go though that's why I keep thriving. But my hardwork literally paying so is encouraging, that's why despite the recent increase in price I can't stop my DCAing even when there's dip I will still purchase it .
sr. member
Activity: 980
Merit: 311
November 14, 2024, 03:03:31 PM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
Before I came to know about this thread I used to focus on trading Bitcoin rather than holding but it brought me loss rather than profit. I was very upset. Because I was short of money at that time. But I was able to completely distance myself from Bitcoin trading when I realized that holding Bitcoins is needed. Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good. DCA is not only for an ordinary investor but anyone can hold bitcoins following this method. I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.

I believe this thread is 600 pages long and will be more. This thread is very helpful for getting success from Bitcoin. Those who will positively consider the suggestions in this thread I think will definitely be able to become profitable with Bitcoin.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
November 14, 2024, 02:38:42 PM
This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler
The initial focus is still on hodl but for the buy dip, it is actually just an option that is discussed in this thread because after all, as time goes by, we can even see the development of discussions that every day have a lot of material such as good financial management in order to invest properly, investment strategies that include DCA or buy dip etc. So in this case, even though the thread with the title does lead to buy dip hodl, it does not mean that we are now not buying bitcoin even though we still prioritize hodl because in the end buy dip is only one of the options for us to buy bitcoin at this time.

What needs to be emphasized is that part of the investment and hodl which of course must be done so in this case I think whether it talks about buy dip or other strategies in collecting bitcoin already it will not be too big a problem but the challenge is clear how strong we survive because for prices like this sometimes it becomes a vulnerable situation for some people to release their assets.

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