Pages:
Author

Topic: Buy the DIP, and HODL! - page 22. (Read 134647 times)

?
Activity: -
Merit: -
December 21, 2024, 02:23:00 AM

Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.

Those who will invest in Bitcoin certainly know that the future of Bitcoin is bright, but we have to start, so we have to move forward with this effort, how a new investor will invest at the beginning. In the case of Bitcoin investment, newbies will panic when they see the price change, but there is no reason to panic, if you invest in Bitcoin using the DCA method, the investment will definitely be long-term and only if it is long-term will there be an opportunity to hold Bitcoin in the future.

So we will invest some of the money we earn in Bitcoin, and the risk is much lower in this, newbies can invest in Bitcoin at any time. However, generally buying dips is another strategy for investing in Bitcoin, where we must meet the money demand for each dip purchase, so we must create a path for our investment.

Buying the Dip is good. But the question is for how long will you wait for the Dip that will be pleasing to you?? Bitcoin is not controlled by your individual wish or desire to buy at 20k.
Bitcoin is a moving train and every day is open to investors. Bitcoin is currently at 98k which is a perfect time to buy and Hodl. Another problem people have is fear. Many do assume the price will fall after they have invested, but the aim shouldn't be short termed. HODL for long in other to reap from the long term benefits of bitcoin. Newbies are prone to fear and this is not out of place.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
December 21, 2024, 02:21:03 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But $100K has been a worth high value to boost about especially for those who has earlier invested and has been holding up to this price of $100K 😁.

I duly agree with you that buying at $100K might be a welcomed opportunity for accumulators and beginners because with the anticipation of Bitcoin future market, there will be those to regret why they never bought at $100K but was hoping for a dip because they could buy.

So with the fear and excitement of what is coming ahead, the FOMO therein should not be about selling off but to hold so that we don't missed out the future trends.
Otherwise, $100K could be that Dip to buy and as the plebs got no choice than to buy and hodl
Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Even though bitcoin is a little bit high now, it is not yet expensive, so many investors can accumulate it with the DCA strategy and still accumulate a reasonable amount of bitcoin if they are consistent in accumulating bitcoin, so stop spreading panic so that the newbies in the house will not be discouraged in accumulating bitcoin. We have seen bitcoin achieve a new all-time high of $108,135, so seeing bitcoin at this current price is a giveaway price that any investor who has enough money will like to buy bitcoin now because nobody knows if bitcoin will be at this price again. And if there are investors who listen to your advice and wait for bitcoin to go below $97k before they can accumulate bitcoin, they will be living in regret by now because bitcoin has increased to $98,608 as I am writing this post.
sr. member
Activity: 798
Merit: 377
December 21, 2024, 01:08:05 AM

Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.

Those who will invest in Bitcoin certainly know that the future of Bitcoin is bright, but we have to start, so we have to move forward with this effort, how a new investor will invest at the beginning. In the case of Bitcoin investment, newbies will panic when they see the price change, but there is no reason to panic, if you invest in Bitcoin using the DCA method, the investment will definitely be long-term and only if it is long-term will there be an opportunity to hold Bitcoin in the future.

So we will invest some of the money we earn in Bitcoin, and the risk is much lower in this, newbies can invest in Bitcoin at any time. However, generally buying dips is another strategy for investing in Bitcoin, where we must meet the money demand for each dip purchase, so we must create a path for our investment.
hero member
Activity: 1316
Merit: 379
WOLFBET.COM - Exclusive VIP Rewards
December 21, 2024, 12:55:06 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But $100K has been a worth high value to boost about especially for those who has earlier invested and has been holding up to this price of $100K 😁.

I duly agree with you that buying at $100K might be a welcomed opportunity for accumulators and beginners because with the anticipation of Bitcoin future market, there will be those to regret why they never bought at $100K but was hoping for a dip because they could buy.

So with the fear and excitement of what is coming ahead, the FOMO therein should not be about selling off but to hold so that we don't missed out the future trends.
Otherwise, $100K could be that Dip to buy and as the plebs got no choice than to buy and hodl
Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.

Too expensive! They should till Bitcoin gets to $500k then, we're still at the very early stages of Bitcoin therefore anyone considering the price currently is not a very serious person and would miss out on the good opportunity this early stages of Bitcoin has to offer,  I used to worry much about people like these and advise them when we cross path but lately I care less about their decisions cause sometimes it always lead to a big argument and I got better stuffs to do than involving in unnecessary arguments, moreover everyone has their choices to make but those that knows the right thing or are willing to learn to do things the right way rather would take corrections immediately they figure out they're wrong, just that some people claim to know it all when it comes to Bitcoin investment and they end up regretting. Yeah, Bitcoin still has a brighter future and since we're still in the early stages, the best approach is to buy at any entry regardless of the price, then implement the DCA method for better accumulation overtime, this waiting game strategy has caused lots of regrets due to opportunities missed well more people would learn with time anyways.
full member
Activity: 532
Merit: 229
December 21, 2024, 12:21:39 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But $100K has been a worth high value to boost about especially for those who has earlier invested and has been holding up to this price of $100K 😁.

I duly agree with you that buying at $100K might be a welcomed opportunity for accumulators and beginners because with the anticipation of Bitcoin future market, there will be those to regret why they never bought at $100K but was hoping for a dip because they could buy.

So with the fear and excitement of what is coming ahead, the FOMO therein should not be about selling off but to hold so that we don't missed out the future trends.
Otherwise, $100K could be that Dip to buy and as the plebs got no choice than to buy and hodl
Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.
sr. member
Activity: 546
Merit: 265
December 20, 2024, 07:46:23 PM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But $100K has been a worth high value to boost about especially for those who has earlier invested and has been holding up to this price of $100K 😁.

I duly agree with you that buying at $100K might be a welcomed opportunity for accumulators and beginners because with the anticipation of Bitcoin future market, there will be those to regret why they never bought at $100K but was hoping for a dip because they could buy.

So with the fear and excitement of what is coming ahead, the FOMO therein should not be about selling off but to hold so that we don't missed out the future trends.
Otherwise, $100K could be that Dip to buy and as the plebs got no choice than to buy and hodl
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
December 20, 2024, 07:12:29 PM
~~I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.

Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013.   It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.

When I got into bitcoin, I had already spent 20 years investing into other kinds  of investments, so I was in a decently good position to front load my investment into bitcoin rather than strictly building from nothing, yet I still spent a lot of time DCAing into bitcoin for more than a year, which was a front loading way of getting into bitcoin. 

I recall in late 2014, I was thinking that I largely had met my BTC accumulation targets which was reaching somewhere in the ballpark of 10% of my quasi-liquid investment portfolio into bitcoin, yet since the whole of 2015 bitcoin stayed down in prices, I continued to buy bitcoin and I ended up overaccumulating to around 13.5% of my quasi-liquid investment portfolio into bitcoin, so I felt somewhat overinvested, yet I did not take any drastic measures, and when the BTC price went up from around $250 per coin in mid 2015 to around $19,666 per coin in late 2017, my BTC holdings had gotten to around 85% of my quasi-liquid investment portfolio, and when bitcoin crashed into the $3ks in late 2018 and even in March 2020, my bitcoin holdings had gotten down to as low as 45% of my quasi-liquid investment portfolio... and so there can be ways to deal with these kinds over overaccumulation matters, and my strategies mostly emphasize holding, even though I really have not considered myself to be in my accumulation phase since early 2017 or so..
Of course your journey is good enough for you to review, we want to hear more about your journey in holding Bitcoin and it will all be an important experience for us in holding bitcoin in any condition that will happen in the future.

Well, how do you feel depressed when there is a sharp decline like in 2017 or precisely entering the gloomy years the following year. Do you think about negative things, such as the era of the highest increase will not be repeated or has ended at that time.

Of course, any of us can feel some stress both when the BTC price goes up a lot and also when it crashes back down. I attempted to put a system in place in order that I would sell small amounts on the way up and then buy back in increments as the BTC prices falls back down, yet I did not start that plan until I felt that I had reached a state of overaccumulation.

The amounts that are sold on the way up are relatively small... tending to get smaller and smaller with the passage of time, yet back in 2017, I was selling a bit less than 10% every time the BTC price doubled (yet in smaller increments on the way up), and so the value of the BTC holdings become much higher when the BTC price is going up rather than going down, but the sold amounts on the way up provide some comfort when the BTC price goes down, and in 2018 that was about 85% at the maximum down point.  So there can be some stress and regrets, yet we still have to figure out what is a good system overall.. and there were a lot of guys who were stressing in 2018, yet still some of them still were not at a point that they had accumulated enough BTC so they needed to keep accumulating.... even if they had gotten in around the same time as me or maybe some of them were newer than me into bitcoin, so it can be stressful to go through those kinds of periods.

We had a similar period in 2022, even though the amount of UP was not the same as 2017, the amount of down got to very similar levels of despair, especially since the 2022 correction ended up going way below the 200-WMA, which had not happened in prior correction cycles.  Really 2022 we had nearly 16 months of the BTC spot price being around or below the 200-WMA, with the max low point of the BTC spot price getting to right around 36% below the 200-WMA.

I think that for me personally, I have gotten better at dealing with the volatility, but it still is not easy, but it helps to mostly be in profits by many multiples, so even if we might consider that I had times in which my average cost per BTC was around $500 (and perhaps even below) $500 per BTC, I would like to error correct that my cost per BTC may well be between $750 and $1k per BTC, and so I frequently like to round to $1k per BTC in order to help to consider the level of profits within easier to calculate boundaries... so maybe we say that my profits in 2017 and afterwards went from being in the negative to being 20x in profits, yet the correction back down put me in the 3.5x to 10x territory for many parts of 2017 and all the way until 2020...

So then the 2021 run brought my holdings up to 69x profits, but then dropped back down to 16x profits at the lowest point, and so even though there can be stress in either direction, the cushion between cost per BTC and abilities to cash out get greater, so if a person is managing their BTC holdings well, even if BTC continues to be volatile, there might not be big differences in terms of cashing out at 50x-ish or even cashing out at 108x, especially since the cash out amounts might ONLY be a fraction over the overall holdings.   

So a guy could decide to cash out a certain quantity of BTC that might have cost him $100 worth of BTC, and if he cashes out at 55x, then he will get $5,550 for that $100 investment, or maybe if he were cashing out today he would get $9,700 for that same $100 cost.  Sure it makes a difference, but it might not be a great difference in terms of the Bitcoin continuing to give value and options, and no real compelling need to cash out large portions, just cash out amounts that are reasonably needed and when there might not be other sources of cash to spend first.

There can be questions about "I need to spend more," and some of that problem comes from having gone through a lot of the periods of just letting bitcoin's compounding value play out and not cashing out too much too soon, so that later down the road more options might end up coming available.  Such options are not guaranteed, but they seem to be worth taking chances to put value into bitcoin since bitcoin's investment thesis does not seem to be getting any weaker, even if its upside potential might not be as great as it was 10 years ago.

Of course, you are our mentor because you are an early investor who is involved in bitcoin. So you know strongly that bitcoin will change the world as we witness today. Well to support that point, can you share your predictions about excessive accumulation, whether you get money through loans to buy bitcoin or you sell everything you own such as cars, land to be able to buy bitcoin.

The longer that any of us are in bitcoin then we allow the time-factor to work in our favor.  You know that frequently I suggest to invest into bitcoin as aggressively as you are able to invest into it without overdoing it, and none of us can know where that might be.  I know that it can be tempting to want to have nice things when we are young, yet it also seems that if we defer some of our gratification, then we can invest that into bitcoin, yet each person has to figure out the balance of how much to invest into bitcoin versus how much to spend on some consumer items versus how much to spend on investing into himself.  Frequently, there can be value in guys building up their job skills and their experiences, so that they can have more opportunities to be eligible for jobs that pay more so that discretionary income is higher and then so some of that extra money can be put into bitcoin.  It is difficult to answer for anyone else in terms of which investments to make, and I even had some periods in which I felt that I was not earning much money or I was working in some jobs that were low paying, but the jobs were convenient for me while I was studying and/or while I might have had been getting other experiences and/or work experiences to be able to get better jobs at later points down the road.


With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
In the current context, we can call Bitcoin bearish or dip time.

You are using the term bearish wrong.  Bitcoin has been in a bull market since November 2022.   Yeah, maybe we were not sure if we were in a bull market until either mid-2023 or perhaps we did not know until as last as October 2023, yet we have been in a bull market ever since.

Yes.  During a bull market corrections happen, but those should not be called bearish since there is no such thing as bear within a bull.  We are either in a bull or a bear.

If we convert to a bear market, then we might not know for 3-6 months or longer, but that unrealization of coming out of the bull market does not mean that it is very accurate, meaningful or informative to be proclaiming every dip is a bear trend when it is not .. it is merely a correction within a bull market, even if it might last a while, just like the March to October period of our current year may be proclaimed as a correction (consolidation) within an already present bull market, and our bull market never went away, merely be cause we were in the midst of an extended correction./consolidation.

The $95k price gives me more opportunities to make more profit or profit from Bitcoin compared to the bullish price that Bitcoin has been bullish for a few days. Many are panicking in such a situation, but I am using this time to enjoy it. Because I do not know if I will get the opportunity to buy Bitcoin at such a low price again? It is completely unknown whether Bitcoin will come below $100k in the future. I am trying to be as aggressive in my investments as possible considering this time as the time of Bitcoin's dip.

It is certain that we have not yet entered the main bull run. I am not at all worried about when the main bull run will start. I consider the current time to be the ideal time to profit myself. How much more Bitcoin will dump is questionable, but I think Bitcoin will not come below $90k. Maybe we'll see strong resistance at $95k. I don't want to announce it, but I'm going to buy big in a short period of time. But it's within my capabilities.

Sure.. no problem.   You figure out how you want to manage your own accumulation strategies. 

Unless you came across your money recently, you seem to be saying that you have been hanging onto that money and not buying as much as you could have or should have been doing prior to November.

None of us can judge for others, and there seem to be plenty of people buying now who seem like they should have been buying during our 8-ish months while we were mostly bouncing around between $55k and $70k.

I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.
The price of Bitcoin is at 97k and there is nothing to worry about this small correction. Bitcoin is fully bullish and it won't stop it's upword trend in near future.

Those who already have accumulated bitcoins can wait for market to settle. There is no need to panic if you are out of cash since bitcoin gives lots of opportunities to buy. If you haven't bought any bitcoin then entering bitcoin at current price will be a bit risky.
This are wrong advise I disagree with you, firstly it's wrong telling people who are already in Bitcoin accumulation journey to wait till Bitcoin settle if I may ask settle for what exactly, Bitcoin having a dip didn't start today it's part of Bitcoin growth people who are already accumulating Bitcoin should continue, infact this is an opportunity for them to accumulate more Bitcoin with less price since there's a dip and not for them to wait.

You are wrong for saying if someone haven't bought any bitcoin then entering bitcoin at current price will be a bit risky, I totally disagree with you because there's no best time for someone to start accumulating Bitcoin, if you see now as a bad time to start accumulating Bitcoin then you really don't understand Bitcoin and how it works and you have no idea about Bitcoin and it's history growth.

The only way to prepare for UP is to have some bitcoin. 

A new person, by definition, has no bitcoin, so the ONLY way for them to prepare for UP is to buy some bitcoin.  To me, it seems more risky to not buy any bitcoin rather than buying bitcoin, especially if the person does not have any bitcoin or alternatively if the person does not have enough bitcoin (is a low coiner).**   

**By the way, there are two types of low coiners.  1) the type of low coiners who are actively stacking bitcoin but are early in their bitcoin journey, perhaps less than 4 years stacking and 2) low coiners who have some bitcoin, and are not actively stacking and perhaps who even believe that they have enough or question the value proposition of bitcoin.
It might be difficult to label the 1st category as a low coiner since he is actively stacking, and perhaps he could be whimipy or aggressive in his stacking, but at least he is stacking so he has a chance to get out of low coiner status.  I am a bit reluctant to consider the aggressive stacker as a low coiner, even when they perceive themselves as not having enough bitcoin, especially since it tends to take a long time to get to a point of having enough BTC or more than enough.


Since we cannot turn back the clock, we just have to try to figure out our BTC accumulation plan from the present, and if we feel that we don't have enough BTC, we have to continue to accumulate it... and sure your calculations might start to change once you start to reaching a status of having enough BTC or you have the fortune of getting to a status of having more than enough BTC.
That's right sir, we have to know when this should be planned and when it will be done. For that I myself consider that btc ownership is still far from my target so that accumulation continues as usual. There is no fear at all because there is no satisfaction in myself so that routine purchases must continue for the next few years.

If you look at BTC from year to year, of course the price changes and that makes planning every year change, meaning that every year scarcity will occur, the holder will win, that's what I often hear, so we want to be winners in the future so we prioritize continuing to buy and hold it.

I think you are also a winner, because you have held bitcoin for a long time, are you satisfied or do you routinely continue to buy btc.
I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.

Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013.   It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.
It is indeed a very commendable approach to offer guidance and targeting it to individuals who are in their early stages of their Bitcoin accumulation and building their Bitcoin portfolio to a very comfortable position. By doing this, you’ll be able to provide valuable support to those who really need it the most, because these are the most misguided people when it comes to Bitcoin accumulation, because they can easily make certain mistakes when there’s a temporary displacement in the market. without proper guidance, their target can easily be shifted from the long term goal to the short term and when that happens. They can easily make mistakes that may likely lead to financial losses. But when they constantly receive the proper guidance, it serves as a kind of reminder to always tell them to always focus on the long term goals rather than the short term. It’s indeed a commendable approach.

Each of us has to also put the theories into practice, which includes finding out our own balances in terms of our cashflows and how much we can invest into bitcoin versus if we might need to spend some time, energy and value building our job skills and our experiences so that we can make more money to be able to invest into bitcoin.

Most likely all of us are going to make various mistakes along the way, and surely it is better if we make mistakes that don't take us out of the game, yet show us how we might need to adjust our approach in various ways.  Sometimes I will try to share some of my mistakes, if I see someone who might be making a mistake that I had made previously, yet the experiences might not be exactly alike, and so the person might not be in a position to learn from my mistakes without either making the same mistake or making some similar variation of that same mistake.  There might be other times that mistakes are gambles and risk taking that are not clearly known to be mistakes, especially if the gamble ends up paying off, so then the mistake is not seen at that time.. and so the mistake might be repeated until the gamble no longer ends up paying off, and then the mistake might become known.

Also, I recall that so many times, I would plot out my budgets on paper, and so it was very cumbersome and repetitive, yet it had some systematic ways that worked on paper, yet they might not work if a guy might be starting out using a computer program (such as Excel) or if a guy has some similar programs on his cell phone., but then there still might be some practicality in plotting some of the matters out on paper, too.  I found excel to be very powerful (and helpful) to me when I started using it in the late 1990s and into the early 2,000s, and so several of my plotting out systems have gotten more sophisticated, even though sometimes I will still plot out some ideas on paper - yet frequently I think that I probably could put that in Excel so that I can copy and paste variations of the formula in order to see how different variations of the scenarios play out. 

My point is that there can be a lot of values in putting in some of the work to plot out plans and even execute plans, so then after plotting out and executing the plans, there are better ideas about how such plans can be individually tailored, and striving to account for the 9 individual factors, too.
full member
Activity: 182
Merit: 131
RATING:⭐⭐⭐⭐⭐
December 20, 2024, 04:54:54 PM
Since we cannot turn back the clock, we just have to try to figure out our BTC accumulation plan from the present, and if we feel that we don't have enough BTC, we have to continue to accumulate it... and sure your calculations might start to change once you start to reaching a status of having enough BTC or you have the fortune of getting to a status of having more than enough BTC.
That's right sir, we have to know when this should be planned and when it will be done. For that I myself consider that btc ownership is still far from my target so that accumulation continues as usual. There is no fear at all because there is no satisfaction in myself so that routine purchases must continue for the next few years.

If you look at BTC from year to year, of course the price changes and that makes planning every year change, meaning that every year scarcity will occur, the holder will win, that's what I often hear, so we want to be winners in the future so we prioritize continuing to buy and hold it.

I think you are also a winner, because you have held bitcoin for a long time, are you satisfied or do you routinely continue to buy btc.

I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.

Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013.   It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.

It is indeed a very commendable approach to offer guidance and targeting it to individuals who are in their early stages of their Bitcoin accumulation and building their Bitcoin portfolio to a very comfortable position. By doing this, you’ll be able to provide valuable support to those who really need it the most, because these are the most misguided people when it comes to Bitcoin accumulation, because they can easily make certain mistakes when there’s a temporary displacement in the market. without proper guidance, their target can easily be shifted from the long term goal to the short term and when that happens. They can easily make mistakes that may likely lead to financial losses. But when they constantly receive the proper guidance, it serves as a kind of reminder to always tell them to always focus on the long term goals rather than the short term. It’s indeed a commendable approach.
hero member
Activity: 1358
Merit: 627
December 20, 2024, 04:37:47 PM
~~
I attempt to practice what I preach, and sure I have learned over the years, too, and I have made various mistakes along the way.

Yet, many times in these forum threads, when I am talking about what guys need to do, I am frequently assuming that guys are in their early accumulation stages in regards to building their bitcoin portfolio, so I try to address my comments in terms of the most likely audience rather than talking about my own situation, since I had already been in bitcoin for quite a while and accumulating starting back in late 2013.   It seems to me that newbies, and especially guys who are still in the earliest times of building their investment portfolios need to attempt to stay focused on continuing to build their investment portfolio, which takes a long time to build, especially for an overwhelming majority of newbies to investment and newbies to bitcoin.

When I got into bitcoin, I had already spent 20 years investing into other kinds  of investments, so I was in a decently good position to front load my investment into bitcoin rather than strictly building from nothing, yet I still spent a lot of time DCAing into bitcoin for more than a year, which was a front loading way of getting into bitcoin. 

I recall in late 2014, I was thinking that I largely had met my BTC accumulation targets which was reaching somewhere in the ballpark of 10% of my quasi-liquid investment portfolio into bitcoin, yet since the whole of 2015 bitcoin stayed down in prices, I continued to buy bitcoin and I ended up overaccumulating to around 13.5% of my quasi-liquid investment portfolio into bitcoin, so I felt somewhat overinvested, yet I did not take any drastic measures, and when the BTC price went up from around $250 per coin in mid 2015 to around $19,666 per coin in late 2017, my BTC holdings had gotten to around 85% of my quasi-liquid investment portfolio, and when bitcoin crashed into the $3ks in late 2018 and even in March 2020, my bitcoin holdings had gotten down to as low as 45% of my quasi-liquid investment portfolio... and so there can be ways to deal with these kinds over overaccumulation matters, and my strategies mostly emphasize holding, even though I really have not considered myself to be in my accumulation phase since early 2017 or so..
Of course your journey is good enough for you to review, we want to hear more about your journey in holding Bitcoin and it will all be an important experience for us in holding bitcoin in any condition that will happen in the future.

Well, how do you feel depressed when there is a sharp decline like in 2017 or precisely entering the gloomy years the following year. Do you think about negative things, such as the era of the highest increase will not be repeated or has ended at that time.

Of course, you are our mentor because you are an early investor who is involved in bitcoin. So you know strongly that bitcoin will change the world as we witness today. Well to support that point, can you share your predictions about excessive accumulation, whether you get money through loans to buy bitcoin or you sell everything you own such as cars, land to be able to buy bitcoin.
hero member
Activity: 882
Merit: 581
December 20, 2024, 03:50:59 PM
The problem is never being afraid of the recent decline in price, but the problem is not having something to throwing in. Though, we can never know the perfect time to get in, but I feel I've made my moves too early in the beginning of the week. Still following my strategy though, but damn, what an opportunity that would have make a perfect sense to be part of.

I don't know the reason why some people worry when the Bitcoin price decreases a little bit. I don't expect people to be concerned, especially when they already know that Bitcoin is volatile in nature. Bitcoin cannot keep moving in just one direction; it has to move up and down. If there is selling pressure, the price has to come down. However, we know for sure that the price of Bitcoin will bounce back. All these price decreases have happened many times before, and Bitcoin has still bounced back.

The only people I think might be that worried about the price are short term holders, who buy and want to sell within a short time frame. But for long term holders, I expect them to use kind of  opportunities to accumulate more Bitcoin. Even beginners should not panic, as their Bitcoin may intended for long-term investment. In fact, I don't expect beginners should have the mindset of selling their Bitcoin in the short term because it will hardly give them a reasonable profit. Moreover, it will keep them in a constant state of worry whenever the price of Bitcoin drops to take correction.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
December 20, 2024, 03:32:23 PM
The problem is never being afraid of the recent decline in price, but the problem is not having something to throwing in. Though, we can never know the perfect time to get in, but I feel I've made my moves too early in the beginning of the week. Still following my strategy though, but damn, what an opportunity that would have make a perfect sense to be part of.
I know investors will want to accumulate bitcoin now that the price has dropped a little bit, but since you don't have available funds that could allow you to invest in bitcoin now, don't be carried away by the dip so that you will not do something that will mess up your bitcoin investment and get you off the game partially or permanently just because you want to buy the dip. Since you can't buy the dip, just concentrate on the strategy and plan you have been using to accumulate bitcoin so that you will invest in bitcoin according to your discretionary income, which will allow you to hold your bitcoin for a long time. If you are accumulating bitcoin with the DCA strategy, there is no need to panic or regret your early accumulation before the dip happens because the DCA strategy will still allow you to buy the dip.
sr. member
Activity: 490
Merit: 346
Let love lead
December 20, 2024, 03:06:10 PM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
Low prices are blessings which relatively few people understands. I think somehow the reasons behind the dip is people cashing in on their investments to celebrate Christmas. I would not condemn them though since that may be the intention behind their gamble with bitcoin recently, they achieved their aim, sold at higher prices and continued their life. However, that is being short-sighted from my perspective and undermining the investment opportunity bitcoin provided them for relatively short-term benefits.

Those who sold their holdings currently are weaker hands and it is important they are shaken off so intentional and serious investors can expand their portfolios with more accumulation of bitcoin, same bitcoin the weaker hands sold off and even more to further enlarge their benefit potentials in bitcoin. Some people are blinded to the full potentials of bitcoin, hence they just gamble with it, such people are always saddled with regrets when they see opportunities they wasted to becoming rich simply because of their greed and interest in short-term benefits.
hero member
Activity: 658
Merit: 562
December 20, 2024, 12:43:43 PM
The problem is never being afraid of the recent decline in price, but the problem is not having something to throwing in. Though, we can never know the perfect time to get in, but I feel I've made my moves too early in the beginning of the week. Still following my strategy though, but damn, what an opportunity that would have make a perfect sense to be part of.
You shouldn't bother or worry yourself too much that you couldn't buy now that bitcoin price is on the dip because you don't have the money to do so. As long as you keep your bitcoin accumulation ongoing with your regular DCA, it is cool. Buying at the dip is for those people that have prepared for it by setting up a reserve funds to buy at the dip.

Those of us that have collected our Xmas bonus or is about to collect, there is a dip for you to take advantage of and increase your bitcoin stash with your extra cash.

I think we will see the market stable or bearish until the end of January 2025. If we follow the previous statistics, we may see a big pump in February or March.
Past history does not guarantee future performance, and if you look at this circle it's special from the others with the events that took place which helped bitcoin price to pump to $108k before the end of 2024. We might still see bitcoin price make a new ATH before your predicted time, because no one knows what will happen next in the market. Don't forget that Donald Trump inauguration will be on January 20th, we might see a new ATH before the swear in or after.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
December 20, 2024, 12:32:11 PM
I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.

The price of Bitcoin is at 97k and there is nothing to worry about this small correction. Bitcoin is fully bullish and it won't stop it's upword trend in near future.

Those who already have accumulated bitcoins can wait for market to settle. There is no need to panic if you are out of cash since bitcoin gives lots of opportunities to buy. If you haven't bought any bitcoin then entering bitcoin at current price will be a bit risky.
With your forum rank, you are supposed to know by now that there is no better time to invest in bitcoin than to do it right away when your accumulation money is readily available. Since no man on planet earth can predict the price of bitcoin in the next second, minute, or hour, waiting for a dip to happen before you can accumulate bitcoin is not advisable because you are not certain if a dip will happen today or tomorrow, and it will delay you from starting your bitcoin investment since you are more concerned in buying bitcoin in the dip. Bitcoin is not stagnant; even though you accumulate it at this current price, you will surely not regret your actions because bitcoin is an asset that increases in price from time to time. It is when you invest all your money in bitcoin that your bitcoin investment is at risk.
member
Activity: 112
Merit: 67
Pumpkin 🎃 Carving Contest
December 20, 2024, 11:33:08 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
Currently the market has crashed, this has created a great opportunity for us in Bitcoin. We should take advantage of this dip to buy more Bitcoin at a lower price. Our only goal in this situation should be to buy and hold Bitcoin. This may be our last chance to buy Bitcoin below $100,000.

Don't miss the opportunity, We should buy Bitcoin immediately.

Buy buy and hodl hodl for long time.

member
Activity: 93
Merit: 22
OrangeFren.com
December 20, 2024, 11:25:21 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But in reality, most people choose to sell their assets and also take profits in the market, in order to celebrate the Christmas and New Year holidays. Grin

But this is the best opportunity for us to collect more Bitcoin and set aside some money for the New Year because I do not celebrate Christmas, and I am also still very optimistic that the price of Bitcoin will reverse direction to return to 100K in the near future and so on until it reaches the highest cycle in 2025.
Many people choose to take profits to celebrate the New Year and Christmas. That is why the market looks quite bearish. It does not seem like Bitcoin will be able to show any more pumps this year. We may be saying goodbye to 2024 with an ATH of $108k. However, I am not at all alarmed by this state of the market. On the contrary, I am really happy to see such a decline in the market. Because, I do not celebrate any special days in my personal life or spend any money unnecessarily on these days. Therefore, I want to celebrate such a period of market decline and take full advantage of the market. I consider this time to be a good time to buy at a low price and take high profits. We may never see such low prices again in the future. I think we will see the market stable or bearish until the end of January 2025. If we follow the previous statistics, we may see a big pump in February or March.
sr. member
Activity: 2590
Merit: 452
Enjoy 500% bonus + 70 FS
December 20, 2024, 10:28:21 AM
With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now. A shame because I don’t think we’ve seen the high yet for this cycle. It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
But in reality, most people choose to sell their assets and also take profits in the market, in order to celebrate the Christmas and New Year holidays. Grin

But this is the best opportunity for us to collect more Bitcoin and set aside some money for the New Year because I do not celebrate Christmas, and I am also still very optimistic that the price of Bitcoin will reverse direction to return to 100K in the near future and so on until it reaches the highest cycle in 2025.
sr. member
Activity: 182
Merit: 131
Bitcoin or nothing
December 20, 2024, 10:11:02 AM

Those who already have accumulated bitcoins can wait for market to settle. There is no need to panic if you are out of cash since bitcoin gives lots of opportunities to buy. If you haven't bought any bitcoin then entering bitcoin at current price will be a bit risky.
Waiting for bitcoin to dip before accumulating is a trading mindset or those going into Bitcoin for a short time purpose and it will also delay your Bitcoin investment.

And also trying to encourage people who hasn't bought bitcoin before not to buy now because of the current price is very wrong we know that bitcoin investment is risky but one shouldn't panic if the investment plan is for a longer time if the money is there you can start up your bitcoin investment immediately because the market may not go down the way you wanted because if you believe bitcoin will keep on to dip it may not, you can start accumulating with the DCA strategy where you can be accumulating regularly either every weeks or months irrespective of bitcoin price and hodl for a longer period of time while the dip should only be an opportunity to accumulate more Bitcoin and HODL for a period of 4-10 or more.

Let's keep accumulating Bitcoin and HODL.
?
Activity: -
Merit: -
December 20, 2024, 09:54:59 AM
That's the difference between the two which a stable mind amidst the twist and turns of the market and the other fucking freaking out as the market dips and that's maybe due to the fact that he may have bought at a certain price and now the dip is sucking the life out of him but if holding is your game then what you would probably do is just continue buying the dip and HODLing on strong cause the green is definitely gonna come after the red just a matter of time.

The red is temporary.
And the green is eternal.
 Cool
member
Activity: 112
Merit: 61
December 20, 2024, 09:48:28 AM
I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.

The price of Bitcoin is at 97k and there is nothing to worry about this small correction. Bitcoin is fully bullish and it won't stop it's upword trend in near future.

Those who already have accumulated bitcoins can wait for market to settle. There is no need to panic if you are out of cash since bitcoin gives lots of opportunities to buy. If you haven't bought any bitcoin then entering bitcoin at current price will be a bit risky.

This are wrong advise I disagree with you, firstly it's wrong telling people who are already in Bitcoin accumulation journey to wait till Bitcoin settle if I may ask settle for what exactly, Bitcoin having a dip didn't start today it's part of Bitcoin growth people who are already accumulating Bitcoin should continue, infact this is an opportunity for them to accumulate more Bitcoin with less price since there's a dip and not for them to wait.

You are wrong for saying if someone haven't bought any bitcoin then entering bitcoin at current price will be a bit risky, I totally disagree with you because there's no best time for someone to start accumulating Bitcoin, if you see now as a bad time to start accumulating Bitcoin then you really don't understand Bitcoin and how it works and you have no idea about Bitcoin and it's history growth.

Pages:
Jump to: