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Topic: Buy the DIP, and HODL! - page 17. (Read 130205 times)

hero member
Activity: 672
Merit: 546
December 10, 2024, 03:03:54 AM

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
An important aspect is discipline and I think this is what you are trying to point out, it is a quality that every investor needs to have to be a successful bitcoin holder because the journey is not always rosy and it will take a strong mind to withstand and overcome the selling pressure when there is a dip in price during bear season. A disciplined mind will achieve a whole lot over a long period of time with bitcoin, there is no need to panic and sell when things are not going well you just have to keep in mind that there will be ups and downs during the journey.

To avoid selling we need to strategize and plan our investment properly and not invest money we intend to use for other things and we should always set aside emergency funds to cater for unexpected expenses to avoid liquidating assets prematurely but most investors take it for granted and feel it’s not a necessity.
sr. member
Activity: 476
Merit: 385
Baba God Noni
December 10, 2024, 03:01:41 AM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
This is why as a long term bitcoin investor that's just coming in to the bitcoin accumulation game, you need to set up an emergency funds to be a back up to your bitcoin investment to take care of unforeseen circumstances along your way up. Such funds is only used to take care of real emergencies when they arises so that you don't end up selling part of your bitcoin at loss, if the price of bitcoin is below your entry point.

A brand new investor without an emergency funds can set it up immediately he starts his bitcoin investment. After figuring out how much is your discretionary income, you can share it into two and use one part to start investing in bitcoin through regular DCA weekly and use the other part to be building your emergency funds simultaneously with your bitcoin investment. You build your emergency funds until it gets to at least three months of your monthly income.

However, there are various back up funds, if you have built your emergency funds, you can go ahead to build your reserve funds as back up funds.
Our investment or portfolio will really be composed of in between long term coins and to those which are good for short term.
We are not talking about short-term shitcoins that are useless to put money in because that's gambling but only bitcoin that can be invested in for a long time for the future. Don't mislead the newbies who are reading this thread.
hero member
Activity: 2968
Merit: 687
December 10, 2024, 02:46:16 AM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
When it comes to holding then this might really sound or look so simple but on the moment that you are tending to do it and sees out actively on how this market behaves or works then you will really be having those times or moments that you do become skeptical on trying out even on having that Dca or making up some buybacks but actually these things wont really be that a problem if you've been really trusting up Bitcoin in the first place. For newbies then it is that not surprising that they do become that unsure on what they are dealing into even we do say that Bitcoin is really that worth to hold for long term but due to lack of experience and knowledge towards it then its not shocking that they will really be doing those impulsive and sudden sell on the moment that they are seeing their portfolio becomes negative.

Buy the dip and hold will really be that not so simple even into those experienced ones. We do know that not all having that financial capacity when it comes to this manner on where there are those who are really that just having enough on the amount that they could invest into. If the market goes red then they do just simply resist that temptation on selling out to cut losses. Experience is something that you will really be that giving out some edge and will really be able to dictate out on what you should gonna do. Our investment or portfolio will really be composed of in between long term coins and to those which are good for short term.
sr. member
Activity: 266
Merit: 205
December 10, 2024, 01:53:31 AM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...

some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
To be honest here, your write up is not that clear and can be confusing somehow, but I think that I understand what you are trying to say, if am not mistaken, you are trying to say that those people that sold their holdings were forced to, due to unforseen circumstances that arises.

In my own opinion, it's crystal clear that anyone that falls for this doesn't plan his holdings very well, because for a Bitcoin investor to be successful in his holdings, he actually needs to understand first that buying and holdings are two different things, and holding is quite difficult if you don't know that having a reliable source of income and having and emergency funds that can address those unforseen circumstances that may arise, so if you don't have this already in place, at some point you will definitely deep hands into your holdings just to address some serious financial needs.
So in essence of what am trying to say is that without having a source of income and an emergency fund, it's very much likely that at a point you will sell your holdings even when you never wish  or want to.
member
Activity: 364
Merit: 44
★Bitvest.io★ Play Plinko or Invest
December 10, 2024, 12:34:05 AM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
sr. member
Activity: 1022
Merit: 363
December 09, 2024, 05:32:58 PM
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
Anyone who has delved into the history of Bitcoin knows how much potential Bitcoin holds for the future. However, people still have some fear of virtual things, so we can't put as much trust in virtual assets as we can in any physical thing. But regret when Bitcoin makes new ATH. Since 2017 we have expected the price of Bitcoin to reach $100k and it will be realized by the end of 2024. But how many bitcoins have we been able to hold since then? That's our mentality. Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.

You already said it that anyone knows knows it potential but why there's still a fear thought's here? I guess this one is only applicable if you don't have knowledge about bitcoin and you must do something to correct all your negative thoughts you have. If you are into the prices and volatility for sure that you will have this fear to lose their money thoughts. People should set their standard high and do long term investment since if they aim for that matters and execute DCA for sure they would never entertain any cheap thoughts about market pump and dump.

Many speculation before that Bitcoin price would really come up to this level, but no one is really sure about on when this situation to happen. But good thing right now that Bitcoin is showing some positive movements which leave good marks to people that this is not the same as what they thought so if they still play around and still not confident about those good movement happen, I guess this will add to their regrets in life especially that Bitcoin is already showing a good opportunity to anyone. It maybe expensive to buy Bitcoin as a whole but they can acquire small fraction to start their investment.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
December 09, 2024, 05:30:07 PM

Bitcoin is not a get rich quick scheme but you are only investing in it to give you hope in the future. So why will you mess up with your future hope by not taking the right step on building your bitcoin portfolio through regular DCA every week for 4-10 years and above. If you're in your accumulation phase, you shouldn't sell a dime of your bitcoin, because everything starts one day, and before you know it, you will start selling from time to time making all your effort worthless. Look at MicroStrategy with all the bitcoin he has acquired, he still bought 21,550 bitcoin today to make his total bitcoin holdings to 423, 650. This should motivate you not to sell but follow MicroStrategy foot step, because Amazon shareholders has been motivated by Michael Saylor wisdom. Investing in bitcoin and hodli for long is wisdom and many people will remain poor because they lack this wisdom.

I think El Salvador is another perfect example of how patience and consistency with Bitcoin can yeild great results. As you have stated clearly Bitcoin is definitely not a get rich scheme and you don't expect to blow in just an instance of getting your on Bitcoin although many newbies are fixated on such taught because of the orientation and make believe that they would have encountered through social media but the truth is with Bitcoin you would definitely learn to have patience, plan, consistency and ofcourse tangible source of income .

Starting your Bitcoin investment journey without any delay is probably the best thing anyone can do for himself because no matter how long you wait for the price to be suitable or good for you would probably just end up missing more opportunities and moreover if you have check the market price history of Bitcoin then you would know that wasting time isn't something you ought to do as Bitcoin has been continually going up no matter all the dip and bear season that it has experience @2009 - 2024 price result is showing higher as it ever moving forward.
sr. member
Activity: 98
Merit: 55
December 09, 2024, 03:25:06 PM
~
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
You have to consider that there is a reason for new investors to be afraid and they need to be more knowledgeable about Bitcoin and to be educated, they should conduct themselves through market analysis. I especially recommend that those who are new especially to Bitcoin should start the DCA method and this method can keep them free from investment fear. For example, you can save bitcoin from your discretionary income or floating cash fund and the need for this fund is considered secondary to you (extra floating cash). It may be that you will not have any regrets if you lose this fund or even if you lose it (I am just guessing). By saving Bitcoin, you can ensure the proper implementation of your assets, this is expected. The fear of losing the invested capital can be in any investment, but some critics who are not aware of Bitcoin are spreading propaganda among investors which misleads many potential investors.

Ultimately, it can be said that if you want to get rid of investment fear, then the DCA strategy is the best method because it can be said that by spreading buying at different prices in the portfolio.
The part where you say, "you will not have any regrets if you lose this fund" could mislead people. While it's true that you should only invest money you can afford to lose, it’s risky to frame Bitcoin as something you can afford to lose without consequence. People need to consider their financial priorities carefully. Remember, you mentioned using floating cash but we should also emphasize planning and risk management. New investors might interpret floating cash as an excuse to be reckless with their investments. They should strive to make proper planning and prioritize emergency funds as it is important too.

DCA is the way to go that is why we discuss it in this thread. It is a good strategy for both the new and old investors but it's not the ultimate criterion for a successful investment. DCA becomes powerful too when we combine it with knowledge, realistic expectations a clear financial plan, and more depending on our financial goals. The fear of loss isn't just about Bitcoin its about mindset and preparation without impulsively swinging into action.
sr. member
Activity: 476
Merit: 299
Learning never stops!
December 09, 2024, 02:45:45 PM
Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some  points and  some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence  in it..

Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current  price but accumulating it continously  can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come) Smiley...
full member
Activity: 784
Merit: 204
December 09, 2024, 12:51:41 PM
If you are still accumulating then you should not be selling, but hey whatever, you can do what you like.  If you are forced to sell regularly, then that likely means that you bought too much and also that you are trading (gambling) versus investing (at least with that portion of your holdings), and sure I don't see any problem if you at least limit the amount of trading/gambling that you are doing and keep your eyes on the prize which is bitcoin.

We do have two strategies from JayJuanGee on accumulation and sustainable withdrawal. I do agree with your point that one should not sell unless he achieves his desired target of Bitcoin and one must be bullish in accumulating phase to get desired number of Bitcoins. I rarely sell my holdings unless I have some urgent need. One more important thing is that I haven't reached my desired target of Bitcoin but I am still putting all my effort to get there. My investing money might be small but its going regularly into Bitcoin.  
hero member
Activity: 896
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Leading Crypto Sports Betting & Casino Platform
December 09, 2024, 12:42:41 PM
You are absolutely right, some people don't know that's why they are selling their Bitcoin hoping for it to dip for them to buy again not knowing that it is possible for Bitcoin to skyrocket or pump from this point and then dip maybe the previous point it pump from or it may not even dip to that point. Even if someone invested in Bitcoin some months ago before Bitcoin take this uptrend one shouldn't sell all his or her coin perhaps they should just sell some and still leave some and later continue there accumulation and holding so that it won't be like they are starting afresh because starting afresh is always hard and it requires a lot of determination and of course consistency to grow back again.
An investor who started his investment few months ago has nothing to do with selling part or all of his bitcoin, unless the person is just chasing after the few bucks and that's not encouraging at all for someone who has the mindset of long term hold, or call himself an investor. Even if the person starts his accumulation journey again at some point as you are saying, the person will still sell off, if there is also a future little gains, outside of his maturity date. If it happens that few months or one year later and there is another upward trends, the person will also sell and that's not how investor should behave. An investor who started his investment journey few months ago, has no business with selling not even one Satoshi of his bitcoin that has been accumulated. The focus should only be buying and should not be tempted with any little profits seen so far. People who thinks like that, or behaves that way are purely traders and they shouldn't confuse themselves as investors and people should not also refer to them as investors. And I don't think it's a good advice to give to someone in a thread like this, so that we don't confuse newbies who might be vulnerable to such an unhealthy advice.
Why will a new investor sell part of what he just accumulated, it means that he started his bitcoin journey as a trader and not an investor that he is claiming to be. Such person must be distracted from only buying and building his bitcoin portfolio which was his main purpose. A gambler must act like a trader because they are not ready to sacrifice their money into bitcoin for long and hodli but feel that they can outsmart the market but it will turn out to be that the market will outsmart them and take the little bitcoin they have being accumulating.

Bitcoin is not a get rich quick scheme but you are only investing in it to give you hope in the future. So why will you mess up with your future hope by not taking the right step on building your bitcoin portfolio through regular DCA every week for 4-10 years and above. If you're in your accumulation phase, you shouldn't sell a dime of your bitcoin, because everything starts one day, and before you know it, you will start selling from time to time making all your effort worthless. Look at MicroStrategy with all the bitcoin he has acquired, he still bought 21,550 bitcoin today to make his total bitcoin holdings to 423, 650. This should motivate you not to sell but follow MicroStrategy foot step, because Amazon shareholders has been motivated by Michael Saylor wisdom. Investing in bitcoin and hodli for long is wisdom and many people will remain poor because they lack this wisdom.
sr. member
Activity: 476
Merit: 316
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December 09, 2024, 12:37:55 PM
~
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
You have to consider that there is a reason for new investors to be afraid and they need to be more knowledgeable about Bitcoin and to be educated, they should conduct themselves through market analysis.
You sound more like a trader than a long-term investor in bitcoin because investing in bitcoin for the long term has nothing to do with market analysis. For you to invest in bitcoin on a long-term basis, you just need to figure out if you will have discretionary income and if you will be accumulating bitcoin on a weekly or monthly basis. Bitcoin has been in existence for a very long time, and even when a lot of rich folks have talked shit about bitcoin, bitcoin keeps proving them wrong, so there's nothing to be afraid of in starting your bitcoin investment if you don't use all your money to invest in bitcoin because it will not stop you in sorting out your daily expenses. It is when you invest all your money in bitcoin that you should be afraid because you will find it hard to solve your daily expenses, and you have no other choice than to sell your bitcoin cheaply to survive. Always stick to investing in bitcoin in such a way that it will not stop you from sorting out your daily expenses so that it will not get you off the game.
hero member
Activity: 546
Merit: 516
December 09, 2024, 12:31:48 PM
Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.
The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.
I thought the only time someone loses money in Bitcoin is when he sell? If you buy Bitcoin at a certain price and there is  dump like you called it, you have not lost your Bitcoin because the quantity will still remain the same. Loss will happen when you become afraid as a result of the market going down so you decide to sell your Bitcoin. This will then be counted as a mistake because such a time is a opportunity to buy more Bitcoin at lower prices. I just felt I should add this so that we will be clear on what constitute profit and loss in Bitcoin investing.
 
Furthermore, if you are using the DCA method, you will not really bother if price goes down because you are just concerned aniut buying more  Bitcoin at the right time which you have already decided before.
sr. member
Activity: 1400
Merit: 420
December 09, 2024, 12:24:42 PM
~
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
Anyone who has delved into the history of Bitcoin knows how much potential Bitcoin holds for the future. However, people still have some fear of virtual things, so we can't put as much trust in virtual assets as we can in any physical thing. But regret when Bitcoin makes new ATH. Since 2017 we have expected the price of Bitcoin to reach $100k and it will be realized by the end of 2024. But how many bitcoins have we been able to hold since then? That's our mentality. Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
member
Activity: 132
Merit: 50
December 09, 2024, 12:07:38 PM
~
Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
You have to consider that there is a reason for new investors to be afraid and they need to be more knowledgeable about Bitcoin and to be educated, they should conduct themselves through market analysis. I especially recommend that those who are new especially to Bitcoin should start the DCA method and this method can keep them free from investment fear. For example, you can save bitcoin from your discretionary income or floating cash fund and the need for this fund is considered secondary to you (extra floating cash). It may be that you will not have any regrets if you lose this fund or even if you lose it (I am just guessing). By saving Bitcoin, you can ensure the proper implementation of your assets, this is expected. The fear of losing the invested capital can be in any investment, but some critics who are not aware of Bitcoin are spreading propaganda among investors which misleads many potential investors.

Ultimately, it can be said that if you want to get rid of investment fear, then the DCA strategy is the best method because it can be said that by spreading buying at different prices in the portfolio.
sr. member
Activity: 434
Merit: 275
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December 09, 2024, 10:25:22 AM
Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.
You seems to be smarter than others in term of choosing your strategy, but funny enough you are contradicting yourself by combining  lump sum and buying the dip and thinking its DCA . I guess what your are trying to say is that you will not invest all you discretionary income in bitcoin at once which is "Lump sum" but rather invest little and keep some for buying The dip when the need arises.  But your strategy is not different from some people investments strategy. Generally it is impossible to invest all your discretion fund at once. Although Combination of All investments strateg is good which include DCA, lump sum and the dip, but there is a situation to which such investments is done.  Investing bitcoin lump sum does not required you to use all your discretionary income to invest at once.  although a person may use some portion of his discretion to buy bitcoin  lump sum depending on his level of discretion. The most easy investment in lump sum is to use a bonus you get from a work place or any extra income you received from anywhere. Since all money can not be invested at a go which is lump sum.  

Reserved fund is mainly used to buy bitcoin weekly or monthly and can be used to buy bitcoin when it is dip as to recover someone loses along the line when you may have bought bitcoin so hight in DCA.  A person that uses reserved or discretion fund to buy bitcoin lump sum is financially unwise.  
full member
Activity: 490
Merit: 225
December 09, 2024, 09:48:58 AM
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Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
being afraid of investing in something that is as volatile as bitcoin is not even the thing, most especially if you are a newbie that is still yet to understand how bitcoin investment works. the fear should not serve as an hinderance that will withhold you from investing but should rather guide you into investing using the best approach that will protect you.

if you are only looking out for the tendency of something going wrong while you hope to invest in bitcoin then you will never succeed as an investor because risk is part of the deal. it is something that right from that start you have to come to terms with and know that bearish and bullish seasons will come along your investment time but none of them should stop you from continuous holding of your asset until your goal is met.
the ability to overcome fear and still remain invested in what differentiate a real bitcoin investor from the one that is just following trend or looking for some Ponzi scheme that will yield him some returns.
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Activity: 224
Merit: 128
Patience and hard work are the keys to success.
December 09, 2024, 07:54:19 AM
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Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.

It is natural for a person to be careful with his money. Just because someone is afraid to invest in Bitcoin does not mean that he does not need to invest. You should have been gentle with this statement.

It is natural that someone who is afraid to invest in Bitcoin may not have basic knowledge or any knowledge about Bitcoin. If he knew Bitcoin or had good knowledge about Bitcoin, he would not be afraid to invest in Bitcoin.

If a person is afraid to invest in Bitcoin, then I support his fear. I would advise him to learn about Bitcoin and gain knowledge about the risks of investing in Bitcoin. If you do not know about Bitcoin, then you will express a negative attitude towards Bitcoin, which is completely wrong. Knowing about Bitcoin does not mean that you have to invest. After gaining knowledge about Bitcoin, you will be able to make the right decision. Maybe your fear about Bitcoin investment will be gone and you will enter into investment with awareness.
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Activity: 560
Merit: 161
December 09, 2024, 07:32:09 AM
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Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k Tongue I hope they know they facked up when it hit the recent 100k...
If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.
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Activity: 112
Merit: 61
December 09, 2024, 06:00:27 AM
Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.
The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

You are choosing to combine DCA with buying on the dip, and sure there might be some value in that both psychologically and financially, yet it is not guaranteed to be better to be holding back value rather than buying more aggressively with your DCA.. ... yet for sure they are discretionary issues whether you buy everything through regular DCA or you hold back some value for buying on dips.
You’re absolutely right.
Holding back some value for buying the dip may potentially result to missing out on some rare opportunities that occurs in the market when/if the market continues to rise. Additionally, since the market is so unpredictable and we’re not always able to accurately predict its future outcome, Bitcoin investment is like travelling across a frozen lake covered with fog, you never know where the next step might lead you, so you can’t really predict if your next step would crack the ice or not, you might as well not know when exactly it’ll take you to cross to the other side. It’s filled with the unpredictability and that’s exactly why we need to adopt the DCA as this gives us the opportunity to keep our emotions in check, regardless of whatever turn the market may decide to take.
If we decide to wait for DIPs before we can buy, we might end up waiting longer than anticipated, the next DIP might even come after an unending bull run and you end up regretting why you held back in the first place.

But then again, the decision to combine both the DCA with the buying the dip strategy or to just stick with the traditional DCA accumulation strategy is ultimately a discretionary one as it should solely dependent on individual investment goals, market outlook as well as risk tolerance.
Just as you’ve rightly noted, one must first of all weigh and consider the potential benefits and drawbacks of each strategy as this helps us to make a better evaluation of the situation and realize whether or not it suits our personal financial goals before adopting them, not just because we see that someone else has adopted that very strategy and worked pretty well for them.

Yeah you are very correct I love this point, a lot of people in this forum always try to impose a certain strategy on a newbie forgetting that everyone has there different financial strength, as a newbie all you have to do is to consider the advantage and disadvantage of the every strategy if it will suit our financial strength, if we do this and choose the best that will suit our financial strength we won't have issues later in the future, some set of people that started this journey of Bitcoin investment with me has dropped because they couldn't keep up with the strategy they started with.
I know of someone who is into Bitcoin investment and he is using buying in the dip strategy and he said that was the only strategy he could think of so I introduced all the type of accumulation strategy we have in Bitcoin investment and explained it to him very well and at the end of the day he went with DCA strategy.
Good understanding about all strategy will make someone pick the right one that suits him or her financially.
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