Bitcoin Forum

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

If it is on this forum that you ask that question, some people will also tell you to DCA. Buying now or starting to DCA now are all good because bitcoin price for now is not high at all and you are only buying the dip.

If your old phone is not useful for you anymore, you can sell it to buy bitcoin because your phone will continue to become old and the price will become less as it becomes more old.

It's next to impossible for us normal people to time the market and buy when we think the price is low. The best strategy is to buy on a consistent basis over a long period of time and hodl for years (I personally think hodling for t least 10 years is a good idea) and then spend them when people in your local economy and network of friends all start to accept bitcoin as payment for goods and services.

Every investor should be ready to bear all risks that might occur at any time. Waiting will be very boring if the price never goes down, your best option should be to buy Bitcoin now, then hold it until the price reaches as planned. Long-term Bitcoin investors will continue to increase the investment amount even though the value of the asset is decreasing. Those who are used to the movement of Bitcoin will continue to be patient even though the price continues to decline, they have formed the belief that Bitcoin will return to the moon after the Bearish phase occurs.

I have seen people recommend buying and holding bitcoin for a very long time, which is a welcome development and that is what most of us here in the forum does. But the time duration I always see in recommendation is from two years to five years. This is my first time of seeing a whooping 10-years advised of Bitcoin. Mate, I think 10 years is so long that you cannot tell if many of us will be alive and how about if bitcoin will not last upto the 10 years?  Everything is possible. 10 years will give you two times halving and two times bull run. Only one time bull run should be able to give you an expected profit and you will start again for another bull run.

I saw your topic (https://bitcointalk.org/index.php?topic=5465829.0) and noticed that the thread is now locked. I'm not sure if you locked it or if the moderators did, but generally, you don't need to create a new topic for every thought you want to express, especially if it's related to a previous discussion.


You start every journey with the first step. When it comes to investing and buying the dip, it's a bit like setting off on an adventure. Nobody can tell you for sure whether it's the right time or not; that call is all yours to make.

I was wondering when you would start buying your first Bitcoins and I hope it won't be long. But you can wait a while because the price is reversing. But you can also buy it now if you want.

And if you can accept the risk of falling and increasing the price of Bitcoin, that's great and that means you're ready to start investing in Bitcoin. And it's true. It takes real action to start investing in Bitcoin.

Once you have your first Bitcoin, you need to be able to manage your emotions because you will start to see Bitcoin price changes. It can give you all the feels so you have to be able to keep it unaffected by anything to become a longtime Bitcoin holder.

^ Satoshi once said, " If you don't believe me or don't get it, I don't have time to try to convince you, sorry".
https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
No need to convince you to buy BTC, if you believe that it will grow your investment in BTC then go for it. So best of luck with your first BTC purchase, and may your investment grow over time. Keep in mind that there is no time frame for gaining profit upon investing in BTC, it should be the amount that you are willing to wait for a long-term purpose.

I didn't read your other topic, but what price would satisfy you personally as your entry point? No one can tell you with certainty to wait or to act now, because the price of BTC is almost completely unpredictable and can go in any direction. If you wait, you have a chance to buy cheaper, but also that the dip you are thinking about never happens.

In addition, as far as I understand, you plan to buy a small amount of BTC to start with, and then it doesn't matter too much whether the price is $20k or $25k - try to calculate it and you will see if there is a reason to wait or buy today.

What is perhaps more important in the whole story is whether you have taken care of the safe storage of what you are going to buy.

I don't know how much you know about Bitcoin. Looks like you have a pretty good idea about Bitcoin. You probably have a good idea when to buy Bitcoin. No one can accurately predict when the price of Bitcoin will go down. I think, now is a good time to buy Bitcoin. At the moment bitcoin price is 26k, it can be a good opportunity for you. If you wait for the price to drop further, that's up to you. You buy bitcoins and hold them for a long time. Bitcoin halving day in 2024, expect bitcoin price to double in 2025.

Some persons go far as selling their landed properties just to invest in Bitcoin, so the decision to sell one of your phones in other to buy your first bitcoin is actually not a bad idea. The market is unpredictable and as you can see it has taken a dive to $25k, it can also retrace anytime to $30k or more. So there's no better time to buy and hold than now. Whenever you have money you can still be doing DCA and be stacking your bitcoin. When the bull season finally comes and you sell your bitcoin, you will certainly get more than the money you invested and get to buy a better phone or whatever you want.

Investing on bitcoin depends on you, the investor, nothing else. What you think would work should be backed with extensive research before you throw in the first money into bitcoin. What matters is watching how the market price is moving. Whatever happens when you invest, if it occur to be losses, nothing can be done about it. That's why, it's advisable to invest what you are able to lose. It's not a get rich quick scheme. One thing for sure, the price will increase or decrease, if you want to profit do not fidget when the price goes down. Keep on holding on to it. Many investors still hold their bitcoin regardless of the market price. I'd say it's a good decision and a lot to learn from the investment. The best time to invest, can't be predicted. The chance of correctly predicting such, is low.

You have taken the right decision as the price of Bitcoin from its last ATH is down by more than 60% as of today. The next halving would happen next year and the price will surge up and might go beyond the 69K mark. You would get good return if you are able to hold it for that long. If you continue to hold for long term then there is no limit. Another good thing that you are doing is that you are selling an old phone which you do not use. That means you are investing with the money that you can forget for a long time. It is a great investment policy and I would say you did a proper research with the help of forum members. Best of Luck.

Your decision is quite alright mate. Currently, the market is down and from the looks, this is the right time to buy more as a matter of fact, halving is around the corner so it would be of huge benefit for you now because if you are buying to hold for a long term, at least with few months from now when halving is over, you could make some reasonable amount of profit from your little investment.

I will advise you to know this "not your keys not your coin" do well to keep your investment under your custody for your own safety. Third parties are good but can not be trusted with your funds and assets. Of what difference is it you holding your assets and keeping it with  a third party when they add no interest  for you other than you trading with it or activating a savings function which they could use to make more profit for themselves and give you peanut at the end. It is better you have your assets with you than hearing stories of exchange hack and lots more.

The first thing you should consider before you go intro long term investment is the funds; will you be able to do without the money you are about to invest? And also you should be able to forgo the money you have invested in a project if anything unfortunate should happen; now ask yourself Op will I be able to do just fine if I should lose this money that I’m about to invest?

Selling your used phone is a good way of providing funds but if you don’t have spare cash elsewhere to use for your daily expenses you’ll soon be needing that money you have invested and if luck is one your side the price might be higher or the same as when you bought your coin, but if you don’t have high income then you shouldn’t rush yourself, buy bit by bit don’t just go all in.

Do you have a source of income to help you continue accumulating Bitcoin, you want to sell your old and unused phone to buy Bitcoin which might not be a bad idea, but how much does this old phone really cost and if you want to buy Bitcoin next time what again are you going to sell.

Mind you that it is wrong to sell properties just to buy Bitcoin, you might be selling something of less value to you right now, but who knows what you'll sell next, it could prolly be something valuable. Having said that, if you cannot invest in Bitcoin without sellng something, then you prolly should not invest.

Well, if the phone is not necessary anymore since you have another one then it is a wise move. The value of that phone will depreciate fast over time while the value of your satoshis will be worth more than double next year or by 2025. There is a risk of course but I guess most of us here are very confident of a major bull run during and after bitcoin halvings as what we've seen in the past.

Another suggestion OP is to make a regular dollar-cost averaging. Maybe doing it monthly even in small amounts will do while the price is still cheap.

How much is the cost of your phone is you sell it? Since if the selling price is low then you might just waste your time buying bitcoin now and hold it for long term since this action is best to do by investors who have big capital to spend. Since they can decently earn a lot even if the percentage of the movement is low. So maybe think for more better decision since having bitcoin is not only about holding since you can do a lot of things and generate more for long term.

It is normal that there will be a risk in everything, but you take good decision and be patient as you take decision, and you will get good hopefully at least from one halving to another Wait till halving then you will expect a good profit and an investment will be successful.First of all you have to be patient and buy as many bitcoins as you can before you might get a good profit and get something as good as a fast horse.Good step taken according to me and will get good things wait and invest.You can see that the experts have given their opinion since they already have it, their opinion is valuable and what they say will hopefully be what you start with.

In fact, I think that it is all about Opportunity Cost (https://en.m.wikipedia.org/wiki/Opportunity_cost):


If you decide to sell the goods you don't need anymore (in a consumer society we usually have many), and you invest the price in Bitcoin, you have to assess first what assets you prefer. You should make the same decision when you think about other alternate investments also.

Instead or selling goods, idea I personally like as a first step towards a minimalistic life, you can also think about investing your time. But, again, your time has a value, so you have to decide which is the best opportunity among the existing ones (spend time, spend money, liquidate your goods, invest in traditional assets or altcoins instead, or simply save).

It will continue to be created because it is easiest story telling to fish merit.

If you have to sell something to buy bitcoin, you are doing something not too healthy to invest in Bitcoin. Because investment should be done with money you don't need to use in short term or even a bit long term. Capital for investment should be what you don't need and don't have to touch it even in emergency. It means you must have another source of money for emergency already.

Now, you sell your phone because you are not regularly using it but what if your current phone is broken and you don't have money to buy a new phone? Will you sell your bitcoin to buy a new phone?

Next question, what do you think if you have to sell your bitcoin with loss?

You can see and read about the current development of Bitcoin including some speculation verified by experts, whether here or outside this forum, I'm sure you will come to a conclusion about whether to buy or not now.

For a beginner, your decision to ask here, it is a good idea for you in drawing investment conclusions, I am sure if you play on the Bitcoin discussion board, you will find the right answer, but for me right now it is the best thing to think about what we should do to invest in Bitcoin, remember the opportunity only comes once, so consider carefully what you already know, as you said in your thread that.

The bottom line: we never know what will happen to Bitcoin in the future, hope for the best, we only know based on predictions, speculation, analysis, information and so on, everything is in each of us, to determine what is best for ourselves.

It will be good if you invest now as the price is still reasonable and there is a chance of becoming profitable during the bull run since there is a possibility of having another all-time high price of bitcoin.

That is a good idea if the phone is of less use, but I hope the decision will not be regretted. If you have a stable source of income, the dollar cost averaging method of investment will be better than buying once to prevent the risk of investing all you have at once so that you will not panic and sell when you are in serious need of money.

You need to take a bold step if you want to start your bitcoin journey and don't wait till the price of bitcoin goes lower than this because no one can predict what price we will see next. It is better you buy now if you are serious to invest,so that you can also experience how hodling bitcoin is during the price fluctuation. Selling your old phone is a good idea because the phone will depreciate in value with time. Don't forget to keep your bitcoin in a noncustodial wallet and don't leave it on an exchange after you have purchase it. You can use DCA method anytime that you can afford it.

As long as you are very willing to take the risk yourself, there is no problem if you want to buy Bitcoin now. Besides, currently the price is not that expensive if you look at the highest price that Bitcoin has ever reached in the past and I don't think you are making a mistake by selling one of the cellphones that you rarely use in order to be able to buy Bitcoin. Because it is part of your own business once you have the intention to buy Bitcoin and the thing that is very unique is that you don't immediately buy before you get advice from other people about this.

@makus, you have taken a very bold step at the start to follow the leading crypto investment. There are a lot of people who have sold things that you can not imagine just to invest in Bitcoin. Anyway, you have made the right choice after all, besides. Besides, now is the right time for you to click the buy button.
Some people who have made such a good decision end up profiting in the end, so I also believe that your good decision will profit you.

You do not have to update your life activities here and create a separate topic each time. Instead, you could create only one topic containing all the activities. Well, what could be done now that you have already made the topic? So here is my reply to you. I do not know if you asked about investing in BTC now or not. But my answer will be the same, which is based on true facts. You should take at least 20% of your investment and invest it in BTC to avoid FOMO. Let's say now the price of BTC is at $25,7k and you see it going towards $30k and fall for FOMO and start to take entries abruptly.

I do not know where you live, but rates are decreasing now, which means it is the best time to at least buy some USDT and wait for the market to buy BTC. (This only applies if you first buy USDT, then BTC, as you can also buy BTC directly via many sources.)

The point is that you have done the right thing. But please follow the best practice, which is to not invest all the money you have at once. Instead do DCA and perform proper emergency funds for backing you up in unexpected dips.

Whilst some people might have gambled by selling properties or borrowing money to buy Bitcoin and it worked out well for them, doesn't mean that's the appropriate thing to do. Just as i've asked the OP, if you are selling to invest for the first time, are you going to continue seling properties when next you want to buy Bitcoin. Obviously it is a personal choice and anybody can do whatsoever they want with their money, but what i am saying is that it is wrong to make it a habit of selling things just because you want to buy Bitcoin.

Don't be satisfied if you're yet to understand the main reason why you were suggested to make the move to buy, you need to understand the reasons and not just for you to conclude buying and after then you don't know what next to do and fear begin to grip your nerves on mising out.


That's a nice discovery you made for choosing bitcoin for an investment and for the fact that you're willing to hold bitcoin as an investment for long, then there's nothing to fear about even when the market dips, you're not loosing because you're going long to hold bitcoin with you.

If anyone is waiting for the bitcoin dip they may eternally wait and never get to buy , cause no matter the falling price it won't still be the sip to them. When bitcoin price was $16k some persons stay made the excuse of waiting for the dip and boom the price went up to $25k +  and they never bought. What am implying is that almost everyone that talks about buying the dip never gets to buy at last.

You really need not be that so eager to sell your phone to buy a sat BTC, there are services you can offer online using that phone which can give you bitcoin as payment. All you have to do is to use your expertise if you have any.

You can sell your phone today to buy bitcoin which is a good investment so to say, but what if the bear market tarries longer with another dip when you have bought with the money from your phone, what are you going to sell again?

That's right that if you're not going to do something right now then how would that dream of yours will be met? I'd like to congratulate you with that decision and by taking an action after asking such questions. Because many of those that have asked the same questions didn't even followed up on what they have decided to do. And by selling that used phone of yours, whether it is less used or not as long as the fact that it's already been in your turf for quite a while, it's already a second hand phone. But that's not what matters, what matters now is that you're about to take risk and it's likely that you've made your research to on how much you're willing to spend for having your very first satoshis. Remember that after the purchase, it's just the start of your journey and this is truly going to be a long ride for you just as we, so just enjoy it and never get discouraged when you're seeing the price dropping fast.

Hmm, Op that's good that you preferred jumping into the market now rather than waiting for another major dip Even though there are conspiracies that there can be a major dip again it is only to the limit of theories. As far as you are done with the Home Work on Bitcoin and now you've made up your mind to invest in Bitcoin and be a long-term holder you should not wait for the DIP as to avoid the FOMO you can have a very common and most suggest investment strategy in the Bitcoin called DCA.

It is never known whether the market bottom is confirmed or not even until now as I said there are different sorts of theories and opinions of analysts about it so to avoid such scenarios except for the particular ones you should stick to DCA.

There is no actual time to buy Bitcoin. Don't wait to go all in, on Bitcoin because the price of Bitcoin can pick up anytime and you will be waiting for the price to dump and it will not dump, FOMO might make you buy Bitcoin at the wrong price because you were not patient enough. You can use the DCA strategy and buy bitcoin anytime Bitcoin price dump.

Well yeah it kinda depends anyway if that money you're about to lose anyway. This is something that only you can answer not by other people. Bitcoin's price could just go anywhere randomly obviously and we ain't having any control from that.

If you really dream to become a long-term Bitcoin hodler, just invest only what you can afford to lose and forget about it like it doesn't exist. I mean you're not wrong in just selling your phone to invest it to crypto, but I believe that would lead you to expecting that you'll earn from it within a month which isn't really the "long-term" that we're talking about.

It is good to know that you decided to act now than waiting for the price of Bitcoin to dip.  Buying Bitcoin now is securing your entry point at the current price.  If ever Bitcoin price goes lower, you can always have a chance to lower your average entry point by DCA.


I agree, nothing is done through words but action.  I hope you can get a good deal in selling your extra phone so that you can buy more BTC from its sale.

To me, it sounds like the OP is not in the best financial situation. How much money are you going to get from an old phone? They retain little to no value after being used for a year. If you're not able to afford to invest, it's best not to proceed. As it was previously mentioned, how would you cope with Bitcoin's value crashing, especially if you bought it at a significantly higher price? Will you be forced to sell, or will you continue to hold on, hoping it recovers? The DCA technique other members mentioned is quite reasonable, but how much can you set aside to buy Bitcoin on a weekly, monthly, bi-monthly, and so on?

Perhaps it's wiser to look at the root, focus on saving more by changing your spending habits, and pursue earning more before you get into investing.

Maybe those that suggested that you wait till the DIPS really felt that BTC is gonna go so low as to compared to 2013 or so??... Cause mhan, nothing is virtually happening pretty much more that what you see... But well, time will tell.
If you wanna stack up, it's not too late but not early too... Just have the right mindset that anything can happen - BTC had already depreciated by 11% but rose back to place so there are ofcourse every chances to go down below again.

Good thing you’re now ready to take that risk, even selling your old phone to start realizing your goal. But I want you to invest with caution and just do DCA when you try to accumulate and fill in your portfolio with bitcoin. Buy whenever you have spare money and it would be a lot better if you can start buying when the market is still bearish so you can still prepare your bitcoin investment with the upcoming bitcoin halving and bullish market. However, never expect that everything will end making you highly profitable as there are sudden market factors that will definitely test your patience and attitude towards investing. If you panic sell, then you will lose your investment.

If I am advising anyone to invest in bitcoin, then I will recommend they invest for the long term. I notice you are a newbie, and trying to trade or invest for short term might be very risky, because you can easily lose your money due to the high volatility in the market currently. If you buy and hold, then your chances of losing your money is kind of low, but there are still some necessary things that you have to do to secure your bitcoin if you are planning to hold.
 
Make sure you don’t leave your bitcoin on exchange. I can say that’s one of the main mistakes that newbies make, they believe that if they leave their bitcoin on exchange, it can be easily accessed, but they don’t know that if anything happens to the exchange, then their investment is already gone. Make sure your bitcoin is stored in a non-custodial wallet address where you are in control of your coin, and make sure you properly secure your wallet private key. If you lose your private key, then you are losing your bitcoin. That’s why your private key should be properly secured. You will need to take your time to read about wallet security, because when holding you need to protect your wallet.

I know you are so desperate to invest in bitcoin, but I don’t think it’s a good idea for you to sell your phone to invest in bitcoin. What happens when you need the phone later in the future? Are you going to sell the bitcoin to buy back the phone? Bitcoin investment should be done with the extra cash that you have with you, you don’t have to hurt yourself because you want to invest in bitcoin or sell your properties because you want to invest in bitcoin.

That decision suppose to be personal if you have the strength and capacity in term of money, and if you want to hold for a very long time, then buying the dip will be the best and if the price goes up then your rest assured of the profit. And since everyone already knows the nature of bitcoin that it does not have a stable price once you have an opportunity the best thing is to make use of it, one of the major thing i see about bitcoin is learning  how to take opportunity. I love your ambition of been a long time holder it pays but make sure you have another source of income so you don't put to much eye on what has been invested. There are also financial principles while investing in bitcoin and that is why the knowledge is always important.

These are old stories and it doesn't move market again. Op you don't have to bear any risk. And what risk are you talking again? You said, you asked a question to buy bitcoin and the responses were favorable and you were told to buy because you done know the next movement of bitcoin. Op are saying you don't have the money to buy now or  what?  And if you are eager to buy then there is no need to beat around the bush, go straight to the main point and purchase your bitcoin now that bitcoin is down. Your less use phone? Smile! I am waiting for the next thread which you have finally sold your less used phone which you purchase with money fr a specific purpose.

I don't think the op is desperate to buy bitcoin, when we see those who are desperate, we know them. Selling of phone to buy bitcoin is not a desperate move to buy bitcoin, and desperate people work hard to buy bitcoin.

That sounds good because basically a phone you don't use isn't helping you at all and it might work to your advantage if you use the proceeds to invest. It's a great idea to consider, but you don't have to wait too long for the bitcoins to drop, just buy it now and store it safely like you've kept that phone all along.

I'm not sure what budget you will get from selling that used phone, but it will be good and worth it if you really invest it. Remember that you have considered the risk of price volatility, but you should never ignore other risks including not storing your bitcoin on centralized exchanges for the long term. Get a wallet that fully gives you custody, it's much safer than trusting your money to other parties.

It would really take courage to get involve in this market. But if your instincts is saying buy some today, then, go for it.
After reading suggestions and opinions of other people, and assessing your financial capability, then, maybe, you are ready to buy your first satoshis.
Not many users will take the risk of selling some of their gadgets to buy on this market. As no one knows what lies ahead,
you are relying on the reasoning that bitcoin is going up in the future owed to its increasing number of users.

It's great to wait for the dip if you're going to buy Bitcoin it's probably going to be a great buy but in the cryptocurrency market, it is just so unpredictable so waiting probably is great if you are actually lucky where the dip is going to happen but sometimes waiting for the big dip is not going to be worth it and it's not going to happen then your going to lose your opportunity to invest in the end of the day not knowing that the market price is already too low and its a good time to buy Bitcoin already.

So the best thing to do as always is Dollar cost averaging by stating buying Bitcoin already and then you could start accumulating Bitcoin every week or every time you have money, that way you could always get on the market trend even if the market is up or down you are always in the market, probably you could increase your buying power when the market is down to maximize your profit, just make sure to only sell when the market is up or its Bullrun season.

It's never too late to invest in bitcoin don't let your eagerness push you into an investment that you didn't plan for. I don't know the make of the phone of the op and the amount that can be realized when it is been sold that can be used to purchase bitcoin for long term investment otherwise I would advice the op to work to gather more fund instead of selling the phone to invest because it shows that the op is not having much funds based on the explanation.

The price of Bitcoin is not stable and since it is always advised to invest with an amount that one can afford to lose, I don't think it is a good idea for the op to sell his phone to invest rather getting another fund to invest is the best option in my opinion.

Selling your old phone is the best option for you if it is no longer useful to you and would make money for you to start investing. Rather than keeping the phone and passively watching without using it, you should take advantage of this opportunity while it is still available. Buying bitcoin with the proceeds would make much more money for you than simply passively keeping your phone without bringing any profit to you. That is the right path of action for you to pursue the goals you decided on for yourself because, in this life, we always replace what we lose with something greater.

I heard very often from newcomers that, having read stories about the growth of Bitcoin, they are also in a hurry to catch this train, selling their things. Someone sold his wife's jewelry, and someone sold his second motorcycle. But, OP, a phone is certainly not an essential item; have you thought about how you will invest further? If you don't have an income that allows you to save some money that you won't need for a long time, you shouldn't have high hopes for Bitcoin. Of course, practicing owning a certain amount is always better, but if you are a beginner, try to learn all the intricacies of handling and storage. And yes, be smart about what you sell for the sake of owning Bitcoin.

Yes, we know that it is not a good idea to use borrowed money or sell our property to invest in Bitcoin, but what do I have to say when the op has already taken his decisions? Besides, it is just a cellphone and a cellphone and I believe the cellphone is not a new one or the cellphone does not have use to the op anymore before he's he is thinking of selling it.
Anyway, it can all start little by little, maybe from selling off a cellphone. He may sell one of his cars to invest in Bitcoin. Anybody who has sold his/her meaningful property just to invest in Bitcoin is so eager to make the investment and that person can also go extra miles just to get BTC.

I don't think you need people validation before buying and in whatever you're doing,  please make sure you are using only money you can afford to lose as there is nothing certain  in cryptocurrency in general.
I can relate very well with the joy that comes with owning bitcoin  for the first time and I can relate very well with it but whatever the case might be, please always do well to use a two factor authorization for all your  dealings so as to avoid any possible  scam and also avoid clicking on any random link especially  on exchanges and in general,  always remember you're responsible  for your safety.
Have a smooth sail mate.

In the past, some users have sold their motorcycle, bicycle, piece of land, wife's jewelry, and even taken out loans to buy Bitcoin. That's to say that most people have done different things to invest Bitcoin, & if they are patient and hold their Bitcoin for a long time, they will make a profit from their investment. @OP, I am also wondering if you are a student or an employee. Because you can achieve a significant profit from Bitcoin depending on the amount you have invested, I guess you did not sell your less-used phone up to $100 since you did not mention it, and with that small amount invested in Bitcoin, you might not be able to receive tangible investment returns. So, it would be better if you had a job or a business that you could earn from and would be able to DCA Bitcoin and accumulate a significant amount before the bull market. Or are you planning on selling something else before you make another investment?

Cause no one knows if its the bottom yet or bottom already. Some will say dca cause thats a bit better than trying to fish the bottom cause if someone says that the bottom and its a total prediction only and not that accurate. Even legit traders can only have an estimate with it and even not pinpointing the correct answers. But historical info can help you decipher its potential movement.

If you are going for a long term buying dip is not too much a case buy your satoshi and wait for the next all time high, you don't need to get stress yourself when to buy or to sell, because your goal is for long term and from now its farm from it so you try it now, or else you want to learn the trading even the basic technical analysis you can now have an heads up which price is the possible dip and you don't need to worry too much because in the exchange you are using once the price hit the set amount you bought immediately or sell without hassle on it.

This is the advice that I would always gives to people who are asking when to buy Bitcoin, do your own research. Bitcoin is definitely good investment, but the market is not always in a good condition. By doing your own research you will be more confident in your investment, you won't easily give up and cash out your Bitcoin when the market turn red. If you buy bitcoin solely because of other people advice, when you loss some value on your portfolio, you tend to blame it to other people, you doubt your own investment, you validate your loss by selling your Bitcoin, while actually you have no problem if you are holding your Bitcoin a little bit longer until the market get better.

This is the best advice for anyone who want to own bitcoin, owning Bitcoin is good but someone have to be careful on the process because it's very dangerous. Before you decide to own Bitcoin you have to plan for it, to avoid loss of your property and your money, having backup is the best, you can decide sell your properties for Bitcoin which is a good idea but sell the properties you can afford to lose. I'm not saying that Bitcoin is bad but maybe you need an urgent money to solve a problem and there is no any way rather to sell the bitcoin in your position, if the price is high then you are lucky but if it's low then you loss your money, I advice have back up for everything in life because it is very important.

You can't buy a full bitcoin if you are not gallantly flamboyant with financial status, that's why you will be limited to only Satoshi but buying Satoshi doesn't mean you are not a big, a long mile start from somewhere, you don't have to wait for the price to go dip, there are days it goes down unexpected but you may not have funds available that time, so it's better you do dollar cost average and hold till the next halving, you will make good profits if you have the patience.

Great choice mate 👍  8)

Just to reinforce the reason behind why many are opting you buy now is simply because BTC price forecasts says price expected to hit $100k + in the near future and others say price could rise as high as a million which makes current price of BTC discounted and everyone needs to be taking advantage of the price we seeing as it might "never" come this low especially with the BTC spot ETF in the pipeline and not forgetting the halving.

A journey of a thousand miles starts with the first step, and that first step is buying any amount of btc and then hodl..good luck.

Thanks guys, for your wonderful advice, I have decided to practice DCA every month, and by the way I have purchased my first set of satoshi from an exchange.

Thanks for your comments.

Congratulations on your first BTC purchase, one more thing, don't keep your funds on an exchange, so i hope you've transferred the coins from the exchange you bought it into your non custodial wallet. If you have not, then there are good open source wallets for you to choose from, wallets like Bluewallet, Sparrow, electrum or if you want total privacy you can use Bitcoin core, then as your funds grow bigger you can consider getting a hardware wallet or setting up an air-gapped wallet.

Like I always say, taking people's suggestion or advice sometimes is not good I mean It can be misleading at times but I am happy you know that Bitcoin is volatile in nature and it is also nice you know that Bitcoin is a long term investment and you are ready to invest and wait for like 10 years to see what will be the outcome. To me waiting for 10 years is kinda too much for me because if I want to invest I won't give a specific time I will just be monitoring it and looking at the behavior so that I will be able to know my next move.     

I think those who gave you advice gave you good advice. Because Bitcoin is the best position to invest in right now. Many may think that the Bitcoin market can go down a lot but imagine if Bitcoin stops going down and goes up from the current price you will miss out on a lifetime. So if you want to invest at current price, you can invest from this instant price so that you can expect success later. If you have enough phones to use then you can sell your old phone but the amount of bitcoins you will get from selling your old phone may be very limited. If you are not able to earn then try to earn yourself and invest bitcoins with that earnings. Also I suggest you earn from bitcoin forum you must try to earn from forum and invest that earnings directly through bitcoin.

Whatever advice is given, how you take it is the most important thing. I think Bitcoin is in normal process now. Different people think differently, many are thinking that after the halving the price of bitcoin will be decrease, many are thinking that the price of bitcoin will start to rise from the present time. In fact, it is very difficult to make predictions in Bitcoin because no one can tell exactly which direction the price will go. I don't know what brand your mobile phone is or how much money you will get, since you rarely use your mobile phone, it is not a bad decision to sell your mobile phone and hold it for investment in Bitcoin. But only by thinking like this you can't increase bitcoin investment you must find an incoming source from where you can continue to invest bitcoin regularly weekly monthly then hope big bitcoin holder dream come true.

BTC is expensive in the eyes of some beginners, but successful people are usually people who are able and ready with all the risks seen now it is expensive for BTC, but if you are strong and hold it until time, I think 2 units of mobile phones even more you will get back with a better brand.

My friend, the post-halving moment will provide something big later even though there is a slight difference later because this moment is eagerly awaited by many people including you and all who believe in bitcoin. Yes. You've made a bold initial decision of course

Yes it is important to have a source of income to invest in Bitcoin. Because if you don't have a source of income then you can't increase the amount of investment and may need to sell bitcoins for urgent needs. So if one wants to invest in Bitcoin then it is better to continue investing in DCA method with a small amount from his income.

However, when Op decided to invest in Bitcoin, the price of Bitcoin was much lower. If he had invested in Bitcoin then, he is now more than double in profit. OP you should try increasing your investment amount more. If you have any source of income then you can invest in DCA method. Hope you can profit a lot in the upcoming bull run.

BTC will be seen as expensive because the price is not playing games if we buy 1 bitcoin, most people are oriented towards the price circle so that they think it is expensive, and indeed most beginners also do not understand how the price of bitcoin moves so that their thoughts do not reach the old investors, what old investors see is that the low point of bitcoin every cycle is getting higher and the high point of bitcoin every cycle is getting higher and so on making them think that investing in bitcoin will never lose even though market fluctuations are very high, on the basis that we only need to invest in the long term such as one cycle or two cycles to get profits. so buy now and sell in the next bullrun cycle the thought must be instilled, but rarely do people dare to invest in bitcoin.
so buy now and sell in the next bullrun cycle the thought that must be instilled, but rarely do people dare.

That is part of the reasons people are scared of investing in bitcoin but I think its because of there orientation, you still start with at least 10 dollar depending on what you have on ground because if you want to wait till when you have money then you will never invest, you can start gradually and as you are earning you can be adding up to your portfolio. Thats is how it is done when you don't have enough to invest.

And with etf and bitcoin halving should be a super opportunity to add up to your portfolio. No matter what you have accumulated you will still make profit. This is the opportunity a lot of people have been waiting for, to make profits. After waiting for bull run to occur after post halving, you don't know how people have been waiting for this opportunity to come.

Technically, Bitcoin gets more expensive every day because it's getting more scarce. Less Bitcoin will be available to be traded every day, especially now due to Bitcoin's halving which only occurs roughly every 4 years.

It's important to just HODL because you'll avoind any short-time price speculation by doing so.

In as much as you're satisfied with the response and you've also decided to take active action towards the bitcoin journey, I wish you all the best.
You can always DCA up to the DIP instead of that thought of waiting by the corner until your emotional conscience of when to buy is cleared.
To let you know that bitcoin is indeed a volatile currency just as earlier told, you should understand that it's not a get quick rich program, I think you're also on the safer side since you've decided to undergoing a long term investment. I do fear it you don't panic in a nearest because considering the fact that you sold your phone just to get money to invest on this bitcoin investment can be tempted because it fells that you're not engaged on a financial source of income which is necessarily required while investing on bitcoin because this is a journey that you'd have to let your emotions free and unpanicking when you're in need of funds and also how you could see your digital assets fluctuating in value.

Before I end up, don't forget to invest with what you can always afford to loose and don't accept the fact that it's a genuine source for income and Invest what would trouble your mind.
With all being said, please do have some gambling thought over this.

Purchasing bitcoin is not expensive because you can start holding a bitcoin as low as your pocket can. That is just the point, so if you really want to start investing, you can buy based on the money that you know you can afford to lose, which is based on the risk in bitcoin. Normally, anything that you want to do in this life requires a good insight into the associated risk as long as you are dealing with investment. So, selling his phone won't be a great risk for him since, from his context, he has more than one, but the main factor to consider is: can he be patient enough to hold it for a long period of time? Because he is diving in with a small amount of capital as an investment, it will take time before you can get a profit, so a lot is involved.

If you check the date Op was created, you will understand that it is September last year and from them till now, you will understand that bitcoin has increased miraculously. Assuming OP bought then, he should be in a great profit now.

Talking about BTC being expensive for beginners is a usual thing. It happens to all newbies that are not guided. I was misguided also when I was a newbie that BTC was too expensive that I should buy altcoins. Meanwhile BTC was below 8k then.

It's good to hear that you created an action, and not only planned.
There are some investors who are planning, planning and planning, but when they want to do it, they chooses not to in the end because they can't bear the possible risks that they can face. They are afraid of the possible losses that they can get when they invest into Bitcoin. Kind of unfortunate TBH.

You're not the only one who sold something just to have some money that can be used to buy Bitcoin. You started it already. I would suggest that you should continue doing it, but I don't recommend doing it for now or when we enters the bull run. I'm not saying that you can't get profit anymore, but the time to buy Bitcoin is during the bear market which can happen sometime in 2026 (if the 4-year cycle happens again).

Didn't saw that this thread was created last year but it's relevant anyway. I just hope that you're still holding those Bitcoins OP. :D

Bitcoin when viewed from the price now is indeed expensive if you buy 1 Bitcoin coin, which makes some beginners reluctant to buy bitcoin, when seen from OP posts. The price is much cheaper than now.
In my opinion, buying bitcoin is nothing late or expensive because we can adjust the money we have to buy bitcoin to invest in the long term.

Are you too concern about failing? Are you afraid of making mistakes? Because you sound confused, you don't know which way to go about it, the thing is you have no past experience with Bitcoin investment, I understand but you need to start somewhere, so that you can also have past experience with Bitcoin.

You called your old phone useless, how will that turn into a good amount of money? I bet it won't be much after you sell the phone, see if you want this to be easy on you, it's better you get a source of income first, and start dollar cost averaging on Bitcoin after your pay days.

Sacrifice some percentage from your paycheck into Bitcoin every week or every month, this way you won't have to worry about what price you are buying Bitcoin at, you are simply scooping it up at the available prices, and make sure you hold until Bitcoin makes a new all time high.

If you are confused you should do your own research on DCA, and go on from here, it is very important that you have a source of income, this is the only way that Bitcoin investment will be easy for you, panic and unnecessary actions will be far away from you.

I agree with everything that you are suggesting Crypt0Gore, except, with bitcoin, I have my doubts about any kind of need to consider a specific exit price - even though surely it is good to know that you have abilities to buy and abilities to sell, but you would not necessarily plan on selling until maybe 4-10 years or longer down the road... and even at any point of starting to choose to sell some BTC, it would seem rash to be planning on selling large amounts of BTC rather than mostly erroring on the side of holding and/or selling small amounts... .. but surely, these are differences between an investment and a trader mindset and also difference in terms of how a person might consider BTC as perhaps being one of the best investments known to man... .. and yeah, it is not guaranteed to stay in such category... .. there are surely attacks against it.. especially in the self-custodial direction, which is what actually gives bitcoin its power and/or value.

Just start to buy as soon as possible with a DCA purchase while you continue to learn. Once you come to the conclusion that the world at large needs bitcoin, the next natural step is to smash buy with some larger lump-sum purchases.

There's a possibilit if you're capable of purchasing a bitcoin, since purchasing a bitcoin has not expensive. The more your money, the more you can purchase Bitcoin. The reason why some people's dreams never come true is because they take a Bitcoin investment and assume that once they invest for the first time, they will become wealthy. They are unaware of the risks involved.

Anyone who really wants to become a professional investor has to learn and do much research about the investment. So that it can know how to adapt to all the risks that are involved, and it will also know how to monitor the market strategies without losing much because lack of experience about the investment makes some people easily fall victim to losing their money.

Cost to buy bitcoin is expensive.

Bitcoin price is expensive.
Bitcoin on chain transaction fee is expensive.
Bitcoin withdrawal fee on centralized exchange is expensive.

You will have to pay high cost to purchase bitcoin in Peer to Peer trade or on centralized exchanges because you have to spend some different costs: cost to buy bitcoin and cost for derivative things like on chain transaction fee or withdrawal fee.

It is mandatory to have a proper investment plan in order to diversify your investment and get the most out of it with Bitcoin. You have to make investment decisions realistically and it is better to stay long term. Your capital can increase the spread of your investment in Bitcoin properly.

As you have decided to sell you phone to achieve this, I will tell you that once you finally sell your phone, just do the needful by immediately purchasing what triggered you to sell your phone because money is not friendly to us, once we have money in our possession if we don't make use of it at once for the purpose we may end up using it for something that we will regret later.
There is no specific period that an investor is advised to invest, some people will say buy when the price dips but the truth is if you wait, the time may come when you don't longer have the funds to invest and again no one can confidently predict the exact price of Bitcoin at anytime and be sure of it that's a no no, so invest now and keep your portfolio safe.

crypt0Gore I appreciate your concern, but if you check closely, this thread was created on the 8th of September and I had very little knowledge about bitcoin then, but all thanks to Mr. JJG and the "buy the dip and hold" thread that expanded my knowledge on bitcoin accumulation strategies. at first I use the money from my sold phone to buy some sats and I was a bit confused because I only knew about the lump sum strategy, but after my exposure to Mr. JJG teaching I begin to employ the DCA strategy and that helped me till today, though I deviated a bit and use the combination of more than just one strategy which kept me in a more comfortable state. today, I am proud of my bitcoin accumulation and holding and plan to keep it for long term close to a decade.

I am proud of you, it didn't take you 1 year to invest, and the threads that you've read helped you to decide. Keep on holding and follow the strategy that have worked to you and be consistent.

Good luck to all of us mate, we've got long term plan in here and not just going to take some profits and then get out of the market when it becomes slow again.

You can take some profits when you're comfortable but if not, no one forces you to do that.

I am glad that some members have gotten some value out of some of the discussions of both long term investing, but the value that likely comes from ongoingly continuing to make investing into BTC, whether it is DCA or if there also might be some supplementation with buying on dips and/or lump sum investing, depending on cashflow situations and abilities to figure out discretionary income levels in such a way that a person might be making sure to hold cash and to invest at the same time, meaning to manage his reserves, emergency fund and float... and so there can be strategies that are somewhat aggressive, but if a guy is still learning and figuring it out, there may be a lot more value in keeping the investment amount way less aggressive in order to keep some cushion and even to have some extra cash around that is going to create feelings of wealth, even while ongoingly investing into something like bitcoin.

Another thing is that I keep saying that guys that got into bitcoin in the last year and a half are really somewhat spoiled since the BTC price has mostly just gone up in the last 18 months.. .. yet even though they are spoiled, there still can be a lot of dilemmas, especially for newbies who sometimes will feel that they need to cash out some profits, so I am not even suggesting that they might not be faced with some difficult decisions in regards to whether they are really committed to investing and building their BTC holdings over the longer term.. which may well be more than 10 years, or if they consider that there might be some value in selling on the way up  and then potentially never really being able to get to higher levels of BTC accumulation since if they sell at various points, they may well not be able to buy lower and/or to really be assured that their BTC stash size is actually growing over time - even if their average cost per BTC might also be growing if they continue to buy and the BTC prices continue to go up - in spite of our being in the midst of a fairly decent size BTC correction right now.. .. which would be right around a 23.5% correction from our March 13 top of $73,794 down to our bottom from less than 24 hours ago of $56,500.

For your dreams to come to reality, you need to take physical action to invest what you can afford to lose in Bitcoin investment, because Bitcoin investment is different from other traditional business you can invest today and start making income from the business. I think, you will benefit from your investment if you can achieve that long term holding dream, because that is what many old investors are using to achieved income that is making them to remain winning in their investment, because the price of Bitcoin use to increase every four four years some time to make investors to achieve new ATH from the season. I will advice you to take that action now to purchase Bitcoin from the market, because the price of Bitcoin has decreased to $57,437 which is a sign of bearish season, which is the season some investors are waiting for.

It is more important for you to proceed with reality than dreams because you need to make the right investment friendly policy. Initially you can't expect to profit by dodging the long term. Increase the size of your stash and maintain it with emergency fund resources and security. With the volatility that prevails in the bitcoin market, you can achieve investment success with the right holding attitude. Keeping a floating cash reserve with increasing DCA levels is a key component of long-term investing that can turn your dreams into reality. Markets going through negative conditions and entering a bear market at the end of a bull run is an extreme situation creating an opportunity for some investors to buy BTC again at dips prices. You should be tempted to buy more DIP depending on the situation.

Experience starts only after taking actions, I am glad you get this far but one thing is missing here, where are you keeping your Bitcoin? I hope you know the difference of a open source Bitcoin wallet and a closed source Bitcoin wallet.

I bring this up because someone close to me lost all his DCA since 2023 to a stupid Bitcoin wallet he downloaded on the app store, google store to be precise, I don't want the same to happen to you too, the best Bitcoin wallet for mobile users is Electrum.

Make sure you keep your recovery seed in a private location, you don't want to DCA for long only to give it all away to a scam or something similar.

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While your Bitcoin grows I will like to advice you to get a air gap device to store your Bitcoin comfortably for the long term, It is not a good idea to have thousand dollar worth in Bitcoin and not consider a $180 hardware wallet, good luck.

Of course you have made the right decision, but only invest as much money as you are prepared to lose. But nothing can improve in life without taking risks, but now Bitcoin is the best among the best suitable cryptocurrencies in the world today, you will benefit the most if you invest in this Bitcoin. Because Bitcoin has many positives since the ETF was approved in 2024, after this 2024 Harding, the bull market has started, and there is sure to be success if you invest in it now.

In as much as I started last year September and have Seen a bit of sideways and more of the bull, I can say for sure that I have gotten enough experience to challenge my decision and emotion because, I was on a high profit especially when Bitcoin broke the new ATH. But here is my belief,  knowledge is usually stronger than assumption and predictions, however my knowledge I have about Bitcoin in relation to the reputation it has attained over the years is concrete enough to convince me that Bitcoin can still do more ATH.


Sure mate, like I said earlier, when I started this thread I was a bit of a novice who had only little experience or idea in the crypto network, but as of today, I know the importance of security and the penalties that follows if you disregard any caution in safe guarding your mnemonic seed. I'm currently using an electrum wallet to store my Bitcoins but when it gets to a certain level I'll consider the use of a hardware wallet.  

I don't agree with this statement now that I know better about Bitcoin. It is more or less fud in a soft tone. Who will deliberately invest his money to lose it? If I know I will lose my money in any investment, I will not call it investment and I will not be committed to such venture. I use the DCA method and do it consistently,  I won't spend all that time and money on something I know will disappear and all my money gone.

I'm not saying that there is no singe risk involved in Bitcoin but the truth remains that Bitcoin is not turning to zero for any reason so there is no way I will lose. From the available data about Bitcoin, the only time you lose money in Bitcoin is when you deliberately sell at a loss else holding it for a little longer will always lead to profits.

The right advice we should be giving people is to invest what they can afford to hold for a long time and not expect quick profits. If they come into Bitcoin with this mindset, they will not be in a hurry to sell and when price drops like we are experiencing now, they will be patient to wait it out.

From the day you created this post, last year September, Bitcoin has gone up above the price it was. From my observations I can say that only few people are on the short term investment but lot of people are investing for the long term, so you will get more of long terms investment advices.
I like the fact that you take a good decision last year, at least you tried to learn Bitcoin investment so that you can be able to gather more Bitcoin investment knowledge, profiting on Bitcoin is totally depends on how much you invest and how hard to work to make sure you don't quit the accumulation process.

such a sentence is intended for the functional purpose of money used for investment. what is intended may not force investment using money that is actually part of short-term needs or savings.
This means that those who want to invest in Bitcoin should have good finances so that in their investment plans market conditions will not affect investors. That has been the reason why investors end up selling their investment assets at a loss.

It is as if bitcoin was not the best suitable cryptocurrency before.  Well, bitcoin have always been the best and the number one cryptocurrenct in the world.  All cryptocurrencies copying bitcoin and trying to be like bitcoin, it will be better if people should invest in bitcoin because their is no point trying to invest in other coins that are not safe. Looking at Bitcoin it is good and I don't see what is better in other coin than what bitcoin has.
The only problem of people is that they misunderstand bitcoin and think that bitcoin can give them quick profit when they  invest in it and they even invest with the money that they can't afford to lose.

Yes having a good financial status is good in your Bitcoin investment journey, but let not sound like Bitcoin investment is only for the rich.  However, every investor must make that informed decisions of ever considering Bitcoin investment in terms of how much of discretional/disposable income they have and moreso another important thing is proper planning can help an investor to become successful in their Bitcoin investment by making proper use of their financial situation, every investor must tailor down his investment plan to suit his or her financial situation.

I would phrase the matter differently, and I would think to invest into anything, whether bitcoin or anything else, there should be a certain level of confidence that the odds for it going up are greater than the odds of going down, and from your perspective such odds are greater than 50/50, but yeah, there are a variety of scenarios of marginal performance in one direction or another or great performance in one direction or another, so in some sense, as long as you do not hedge, then the most that you can lose is 100% (and perhaps the opportunity costs of missing the ability to invest into some other asset instead of bitcoin).

Part of the appeal of bitcoin remains that it seems to have very good chances for really high levels of payouts, and surely there could be some variations of the very high payouts that are less profitable, but still quite profitable, so in that sense bitcoin remains one of the best asymmetric bets that are available, but it is still just a bunch of probable scenarios with varying levels of probability and it is likely that people are not going to assign probabilities the same, so then we also have asymmetric information in the sense that hardly anyone owns any bitcoin, so even if they know the word, they likely don't know what it is, otherwise they would own some.. .so in that sense, a large number of them are either going to die first, or they will end up coming into bitcoin later, whether they want to or not.. and sure, we also have ongoing attacks upon bitcoin, too... so there surely can be confusion for anyone regarding whether bitcoin remains a good investment - surely an aspect of the asymmetry in the bitcoin-related information, and investors into bitcoin are likely to receive payments for both their having such information about bitcoin and also their acting upon such information by stacking sats.


It is not a zero chance that bitcoin would either go to zero or some other variation of going down from here rather than going up, so if bitcoin were to continue to spiral downwardly without ever recovering and if you were to keep buying bitcoin and it never recovers, then surely in those kinds of circumstances you would end up losing, and even if they might be low probable outcomes, those are not zero possibility outcomes.


Selling too much too soon.. yeah.. and then also trading and/or using margin.... but yeah, so far, historically, those who have either held or just continued to buy on a regular basis  and errored on the side of holding and not selling, they have so far always gotten into profits, and truly that is completely true for everyone when when we are at all time prices... and the last time that we were at all time prices was around 7 weeks ago... yet for sure, right now, as I type this post at $59,244, we are right around 20% below ATH prices... so there would be a small grouping of folks who are not currently in profits.


For sure, you are not going to get any quibbling from me on this part.. there are a lot of ways that newbies should be able to figure out their position size so that they can mostly invest and/or continue to invest when they are establishing their initial position in bitcoin, and surely some people take longer than others to really establish a position and/or to stick with it... and surely since 2014 or so, I have been saying very similar things to people in the real world.. and they hardly every listen, and there always seems to be certain amount of negative or questionable things going on around bitcoin that will scare normal people from getting involved in bitcoin, but surely a measured approach should resolve these kinds of matters, which also brings us back to DCA.. which also newbies seem to even be reluctant to engage in a DCA kind of an approach.. because if they get into something, they seem to want to figure out a way to get a reasonable stake, and surely having difficulties concluding that DCA is one of the better of ways for almost anyone to get into a long term investment.. even if the first few years might feel a bit painful - especially with the bitcoin's volatility... but yeah, getting over the hump of coming up with a plan and then taking actions (and then following through) can be tough for a lot of folks.

That's true Bitcoin ain't for the rich alone, but having a good financial status is already an advantage when it comes to Bitcoin accumulation. But one can invest smoothly by just having a good discretionary income when it comes to Bitcoin investment and Accumulation. With some nice plannings inorder to manage his financial situation while holding or investing.


That's true, despite there isn't any guarantees. Bitcoin as prove to be worthy of been called one the best investment or asymmetric bets just as you said. Though alot of folks at there are still doubting and all that , while some are waiting for Bitcoin to cash ( which is impossible), while some are waiting for a massive dip before considering stacking sats . All these individuals are just wasting their time pushing away such wonderful opportunity in investing in bitcoin, and I believe back then that most of those folks that have the thought of Bitcoin crashing may have already jump into investing in bitcoin after seeing the growth potential Bitcoin possess. Though we may not be certain that Bitcoin may continue to increase in value or may not but still having some stashes is just the best, which will put among those that are in the safer side.


That's true but we ain't experiencing such but it's Still a possibility, if such may endup happening it'll  still be an honour investing in such wonderful project ;D

It would be ultimately terrible that someone would see an end loss result for an investment and still proceed to taking such investment. It’s either such a person is insane or out of his mind which still shouts insanity.

There is a big difference between entertaining the possibility of a loss and having loss for an end result.
When you talk about possibility of a loss, it simply means you could also make profit and this prepares you for any likely scenario as well as, pushes you to make necessary adjustments to ensure you stay profitable.
While, loss is just loosing and no one in their right sense would want that.

You might not be able to control what happens with Bitcoin but your actions to it is what you could control to stay profitable. It’s well known that Bitcoin is volatile, it’s left for you to use that in your favour.
What you need to learn is patience and have the right mindset when the market seems to go against you. Work within principles of buy low and sell high.
When the market goes bearish, rather than panic, you proceed to buying more Bitcoin and when
It’s high, you could either sell a minor portion of your portfolio but, that’s in obvious cases when you need money and have no other source to turn to or you just continue holding.

The risk really is you as a holder and the actions you take at certain points of the market.

Looking at persisting circumstances, the likely possibility that these could ever be the case have got no significance. Hence, it doesn’t really have a base to be a very considered option in taking Bitcoin investment. As we have the negative news that seems to influence user’s decision, so also do we have the positive and all that is reflected in the market movements by investors.

Even though I feel like I am being a bit redundant, surely the various positives of bitcoin seem to quite outweigh the various negatives, and surely that is part of the reason that I have been invested in BTC since late 2013 and largely spent my earliest years in bitcoin focused on accumulating it - even when there were not very many folks who were looking into the matter of bitcoin and even taking small stakes in bitcoin during those times, and surely there remains some obstacles in terms of a lot of normal people and/or even educated people or otherwise folks who invest into things, and still so many people still fail/refuse to invest into bitcoin, even with some relatively small portion of their discretionary income (or some small portion of their investment portfolio, if they happen to have an investment portfolio).

Also, part of my point is to continue to emphasize that the most that you could lose is 100% of what you had invested, and so that should be part of your calculation in terms of whether you would be wiling to completely lose everything that you put into bitcoin, and if it takes you a while to build up your bitcoin holdings, you may well start to have quite a bit invested into bitcoin but then also there could well be appreciations in the BTC price that contribute towards bitcoin occupying a large part of your investment portfolio as compared to any other assets that you might have whether that be only cash (cash equivalents) or if you might have some other assets such as property, stocks, bonds and/or commodities, and yeah I am not referring to holding shitcoins, but there could be some folks who don't really have access to making some of the other traditional investments, so they end up looking into shitcoins, yet hopefully do not end up investing more than 10% of their bitcoin holdings into shitcoins, especially since shitcoins are already correlated to the performance of bitcoin (meaning that they are only able to survive if bitcoin does well), and a lot of shitcoins are either affinity scams on bitcoin or otherwise providing little value.. at least in the sense of considering them as long term investments that you could sit on for 10 years or longer.

A lot of the concerns of possible negative scenarios for bitcoin can be addressed by position size, which also could end up having some trade offs in which a guy might have concerns about bitcoin so he holds back in his investment into bitcoin by being a bit less aggressive than what he otherwise could be, and so then if BTC prices end up going up, then he may start to feel regrets that he had not invested more aggressively, but those are the kinds of trade-offs that each of us should be more than willing to accept, and also part of the power of nature of bitcoin's asymmetric bet.  There might not even be any need to be overly aggressive to still be able to profit stupendously from investing even fairly modest amounts into bitcoin, and surely that has been the case historically, and there is no reason to conclude that bitcoin asymmetric bet nature is not going away, even if some of the upside profit potential has already been absorbed.. .. and there are also no guarantees either.. which is also part of the nature of any asymmetric bet.

I am particularly perturbed when I hear about Bitcoin going to zero because even though it is a possibility, the chances are slim and I don't want to dwell in that thought as it will only increase anxiety for those holding for as long as they live like me ( I already made up my mind that Bitcoin will be one of the treasure I will to hand over to my heirs). If I'm preoccupied with the thought of Bitcoin going to zero, then I will naturally be drawn to investment options that I know will not go to zero such as physical asset which only natural disaster can reduce it to zero if the investment is genuine. So Bitcoin going to zero is not a factor for me.

The other factor or variation is investment going down instead of up, well this will simply mean a reduction in dollar value and not on the Bitcoin itself because 1BTC will always remain that, only the dollar equivalent can change and as someone who have the confidence that after this reduction, it will eventually rise so holding it will eliminate whatever risk that may be associated with this variation.


Those who bought around the ATH price of 2021 and held till this new market cycle eventually entered profit even though those might be the core believers of Bitcoin with clear long term view and approach to Bitcoin. Those who bought at the recent ATH price that are in loss now will definitely be in profit, just that we don't know when that will happen and if they will be able to hold like I wish they should be able to. You will agree with me that those using the DCA method might just have a small portion of their Bitcoin collected at that price which may not be so significant to put them in loss overall, meaning they only have part of their Bitcoin collection in loss but their entire portfolio in good profit.

The positives of Bitcoin definitely outweigh the negatives. It's true that there are still obstacles for many people when it comes to investing in Bitcoin, even those who are educated or have investment portfolios. But I believe that as more people learn about the potential of Bitcoin and see its track record, they will start to realize the value it can bring to their financial portfolios. It's all about spreading awareness and understanding the benefits of Bitcoin. consider loss when investing in Bitcoin is important to assess your risk tolerance and be prepared for the possibility of losing your entire investment. But as you accumulate more Bitcoin over time, there is also the potential for appreciation in its price, which can lead to Bitcoin occupying a significant portion of your investment portfolio. Position sizing in Bitcoin is crucial approach in managing risk determining the appropriate amount or percentage of your portfolio that you allocate to Bitcoin. For example, if you have a $10,000 portfolio and decide to allocate 5% to Bitcoin, that would mean investing $500 in Bitcoin.

Buying Bitcoin should not be anyone decisions trying to convince you to buy because of the price go bearish again, you might have to blame the people that gave you the advise to buy and hold especially when you are not ready to hold for a longer time.
Bitcoin is going to go bullish and we don't have to be over reactive of the market since their is still liquidity that keeps price moving whether bull direction or the bear direction. I would hit wait until someone tell me to buy before I buy more.

I do understand that people like to think in absolutes, yet I am not sure if it is healthy.. .because to me, it seems possible to hold both values in your head at the same time, and so you would not give more than .001% preparations for the going to zero scenario.. or whatever might be the odds.. and yet my stick has frequently been to help to prepare members for a variety of scenarios, while surely at the same time being a pretty BIG pusher of the idea to make sure that you have enough bitcoin and that you are prepared for UP.

I remember going through the whole 8 months of 2015 in which a quite a few guys got dissuaded by their staying in bitcoin, and so there can be questions regarding how many more BTC to acquire, even if the price is so great in the mid-to-lower $200s for nearly the whole year, and sometimes there can be questions about buying more and/or whether more should be bought if it even goes lower or if there was already enough in the holdings.

Each of us have differing ways of dealing with those kinds of scenarios and surely new people may well have times in which their BTC holdings are in the negative for extended periods of time, and so there can be questions about whether to buy more and how much more to buy and whether to keep buying if the price keeps going lower, or to just hold through it... with a kind of hope that the price will recover back above your costs per BTC.


Sure we might keep buying, but if the price goes down and continues to go down, then maybe we run out of money, and maybe we just are able to DCA into bitcoin at that point, and we hope at some point it will recover, but there still can be points in which we might not want to keep putting more money into it... or maybe wait for a further dip before we put more into it... since surely if we have a stash of BTC and maybe they are in the negative, and then the price drops and we buy more and we keep doing that, at a certain point, we might need a certain additional amount of drop in order to feel justified in buying more.. and there could be some point that we give up in buying, and I am not saying selling.. because it is a bad practice to sell on the way down.. so we should be buying on the way down and selling on the way up.. and so even the amount that we sell on the way up might not be a lot, so there would be a fairly large bias towards accumulating and holding rather than selling, but we still should have some kinds of practices in place to prepare for possible extremes.. and yeah, so far the UPs have way outweighed the downs.. so it all ends up balancing out, yet it still could take a few years to get out of the negative and back into the positive, and that is not even a given, even though surely, in bitcoin the asymmetric bet to the upside still rules the day.


Personally, I tend to believe that the bullish case for bitcoin (and the strength of bitcoin's investment thesis) is so strong that a person should not be overly concerned about whether his BTC holdings are in profits or not for the first 4 years or more, and so there could be some folks who were fucking around with trading or making other mistakes with leveraging and/or lump sum buying at or near the top without additional plans to continue to buy using DCA and/or buying on the dips... so yeah, there could be folks who screwed up their ways of accumulating BTC, and there are people who figure out ways to lose money in bitcoin, even though bitcoin has been mostly UPward in terms of longer trend lines.

So yeah straight forward buying and even consistent buying lump sum buying and supplementing with DCA and/or buying on dips seem to be great practices, even if the price keeps going down, and so I truly agree with following those practices, and perhaps finding that it could still take 4-10 years just to start to get one's bitcoin holdings up to a level in which some kind of a modified approach might start to seem justifiable... so for sure, I don't disagree with your overall idea to just keep buying BTC no matter what the price including dips, while at the same time realizing that it is possible that the price might never recover, even though we have no current evidence why such a thing should happen and even though now we have a lot of evidence that bitcoin is one of the best if not the best investment ever available all across the planet... so people would be dumb not to have an allocation or even to be somewhat aggressive in their allocation to bitcoin, but they still need to understand and appreciate that there are no guarantees in life.. no guarantees that the BTC price will continue to go up. 

NO guarantees that bitcoin will not spiral downward for the next 5-10 years.. no guarantees that it will not go to zero.. and a lot of other variations in the ways that there are no guarantees in regards to bitcoin, its prices, its adoption, its network effects and other things that make bitcoin continue to seem amongst the best of current asymmetric bets that anyone could make.. and peeps need to get off zero and at least allocate somewhere in the 5% to 25% arena.. but yep.. no guarantees that they are going to be better off for doing those things..

By the way, your example of those who bought in 2021, there are likely some examples of those who bought at higher prices and then sat on their hands and did not buy more during the 2022 and 2023 dip, so they would be in a worse situation than if they had continued to buy from time to time throughout 2022 and 2023, and sure there might not be very many of those, so I would hate to focus on them as representative, and I also tend to be quite critical of folks who engage in lump sum investment practices who do not follow up with either DCA and/or buying on dips. but yeah, if they largely just bought and held through the whole dip period they would likely be at or close to profits now, yet earlier I was referring to a variety of folks who also might have only just gotten into bitcoin in the last couple of months, and some of them might currently not be in profits, even though surely, I would still consider that ongoing buying should be the solution to their entry point not working out as well for them in terms of not going directly to being in profits.


When it comes to bitcoin and anyone who might not have enough bitcoin, waiting is not a good strategy.

Waiting does not prepare you for up, and if you are preparing for down or sideways, you may well have to realize that down and/or sideways might not end up happening.

Sure if you have enough or more than enough BTC or you recently bought some and/or you are running out of cash, then maybe waiting might work as a temporary strategy.

One thign I noticed from your post Is that you don't have funds and your most likely relying on the money you would get from that phone to buy bitcoin, but you know that you would be better off fixing the problem of a steady income so that you can properly chase the dream of been a long term holder, the money from the phone can only give you the satisfaction of having some bitcoin but you know you if you must be successful it requires quite the amount invested so you would have made good stash in bitcoin.

To be sincere if you haven't also considered that you need an emergency funds set up sooner or later to insure that you don't sell your holdings soon cause if panic or some unexpected events, so yeah I think your major problem now I getting a steady income if you don't have one.

Bitcoin is never going to zero because it's ranked first when it comes to cryptocurrency, bitcoin going to zero, it changes everything in the market. We have a situation at hand, and finding solution in resolving them shouldn't be a problem. Stocking bitcoin back to back because it's one of the promising patterns to be on the safer side. I know it's compulsory to make impacts on bitcoin, never relents but tends to focused our attention towards our finances and growth.

Very good and you have a nice idea and far ahead by looking at BTC.  storing BTC must also be more careful, both seeds and others, and try if you already have BTC, don't tell it to many people. Enough only for yourself because your asset is your safety.

For long-term investment, BTC is not in doubt, it's just that our ability to survive is still in doubt and it is also inevitable and a weakness when unable to maintain it according to the initial story of your entry into the market. Try not to go to memes first if you want to move. ;D ;D.

Well said ability to survive is still in doubt, investing in bitcoin and holding on to it for Long term investment is not the problem, the problem is If we can still survive till then, sometimes we also need to consider this aspect before making any decision is very important. However I don't look at meme I always avoid them and I can't even advice anyone to invest in meme either, due to the pump and dump that normally occurs in  most of this memecoin.

For the ranking, it may not be one measure that we are already proficient in the crypto world but the honesty of the conditions that make us acceptable in conveying our investment conditions in order to end well.

Yes, I am also like you taking it little by little part-time studying market patterns and trends to date and in this forum there are quite a lot of references that I can read from several posts that discuss market price issues where it really helps in addition to getting DCA-style ivest patterns in buying BTC the discussion is also quite long and wide.

Most investors are confused on making decisions on the best time to accumulate bitcoin,and the answer to that question is there is actually no specific time an investor should buy bitcoin.If an investor has the amount to buy Bitcoin and he/she is waiting for the dip moment to accumulate,such an investor is just making a wrong decision ever,even if the price is high every investor should just start buying using the preferred strategy which happens to be the DCA strategy.
If you have the dream of being a long term holder that's actually a good dream you just have to chase your dreams.If you've decided to sell your less used phone it's actually your choice,you just have to use every opportunity you have to accumulate more and trust me you won't regret.

To the extent that I might understand the reference to long-term survival, I don't have any problem with such an idea, yet there are frequently guys who talk about long term survival in ambiguous ways, including putting some kind of timeline on what they consider their own long-term survival to be, which causes me to consider that the member might be considering trading out of bitcoin rather than having have had built up their bitcoin position to such a state that they are no longer concerned about any kind of need to either get back their principle and/or to specifically calculate their BTC profits because in some sense a long term position in bitcoin may actually result in an ability to mostly be retaining bitcoin holdings forever and merely shaving off some coins here and there along the way, but mostly living off of various other cashflows and mostly spending the BTC last in terms of potential various sources of cashflow that might be available.

Regarding meme coins, various other shitcoins (which means digital asset products that are not meaningfully related to bitcoin) and/or trading (or gambling), any of us should be attempting to exercise a decent amount of skepticism and conservatism in regards to how much of our value (time and/or energies) that we are putting into those kinds of matters, and generally I suggest no more than 10% of the size of your bitcoin stash for any of that kind of stuff and perhaps even a combination of all of those related non-bitcoin distractions.  At the same time, forum members have the discretion and rights to do whatever they like, including dumb things, and maybe those dumb things will work out favorably for them (which is kind of the nature of gambling) and maybe not.  In other words, there tends to be a decent amount of value that comes from building BTC holdings in relatively conservative and/or certain ways rather than taking too many chances,

yet surely folks are going to have some gambling tendencies, and so I am not suggesting to completely give up on their gambling tendencies, even though I would suggest there would be a quite a bit of value to limit their gambling tendencies to less than 10% of the size of their bitcoin holdings, and sure if they figure out some systems in which they conclude that it is reasonable, prudent and potentially advantageous for them to go beyond the 10%, then surely that is on them, and surely there could be some situations in which that might be the right move, even from a prudence and conservative stand point, and in that regard, we each have our own brains, and some times we might come across situations in which it may well be a good idea to venture a bit into some more risky behaviors for a period of time, and keeping our eyes open to the various trade-offs related to the pursuit of those kinds of avenues.


Part of the problem when any other forum member mentions some vague concept of "crypto," and then they might mention that they are somehow relating that to bitcoin, yet the next member who mentions "crypto" does not really connect the idea to bitcoin, so then it can become quite unclear regarding what the fuck they are talking about.

Are we still talking about bitcoin or not, and if so, then why not use the word bitcoin rather than crypto, and if you feel some kind of need to use the term crypto, at least if you can describe what you are talking about.. otherwise it hardly makes any sense to be using such term  because really there is no such thing as "crypto world".. that is a bunch of nonsense, unless you say bitcoin and shitcoins and you suggest that to be crypto world.

Yeah, sure people are using the term "crypto" all the time, even smart people and legislators and they also have some other phrases that they use, such as "digital assets," yet there also can be times in which the vague and dumbass phrases are used, but in legislation, for example, the terms will frequently be defined, even though surely in a lot of the more recent legislation efforts, there seems to be a lot of attacks on bitcoin, so in some sense some of the vagueness in the use of language and the convolution of terms ends up in itself being an additional attack on bitcoin in terms of both vagueness of laws that are being proposed and passed and also overly broadness of the laws, which tends to trounce upon various individual rights that people (and businesses) will likely have, yet such "rights" will vary around the world in terms of how rights are articulated and/or respected.. which sometimes is not very much when one group is trying to control another group, and when there are concerns about individuals having too much financial sovereignty and/or privacy.


At least in this second paragraph, you were able to bring your conversation back to more concrete ideas, which may well suggest that your earlier dumb-ass, vague, ambiguous and potentially misleading reference to "crypto" might have mostly been about bitcoin, even though perhaps you chose to use the term "crypto" because you wanted to appear smarter and more sophisticated, which for me (and perhaps some others) contributes to a sense of less smart to be using such a vague term that may well include bitcoin as part of what you are wanting to talk about, but you seemed to have had not wanted to use the word bitcoin in that earlier word choice/description that you were making.

buying bitcoin using DCA + in the smallest unit or satoshi is a good thing, it is useful for minimizing expectations and making investments run stably

"just do it" these are the words that I really like about your topic, however, people who don't start investing straight away will only keep dreaming to buy bitcoin and won't have certainty about the future

You don't say that to those that are all talk. They will say that they're investing on it but you'd see them do nothing until they again will complain that the market had recovered and pumped again.

You're too brutal on them in the latter.

That's the reality that they don't want to start investing because they think that the market will adjust for them and they are not the ones who's going to adjust.

When you invest in Bitcoin investment is up to you, but if you invest in the right market and hold that investment for the long term, your chances of profit will definitely be high. If you don't want to invest right now, you can certainly wait for a big dumping market. Moreover, you can take another plan, in which case you can divide your investment into different percentages and invest in DCA method, in which case you invest in different markets, at different prices.

I like your all review and words about things which are happening to I have few peoples those were dreaming and now as price is increasing they are regretting things which stop them for investing in this bitcoin I personally love to invest in bitcoin with having any other investment is never been good for me even recently I am studying all about DCA hopefully things will be turned into good way for me after long time which I also waste due to some negativity around me.
We need to be positive and having mind-set which keep us on better way instead of going for negativity which is always stop and give not ideal end or staying into dreaming which end terribly.

Your privacy and security should be your highest priority as a bitcoin investor. You should be conservative about your investment or portfolio size to ward off unwanted recognition. In my area, I just told my very good friend of the benefits I get from Sig. campaigns just to motivate him to joining the forum and adopting bitcoin, but to my annoyance and surprise, he tells people at any slight discussion involving  me that I'm a big time crypto Lord and all these generates unwanted recognition from outsiders, and increases the risk of being booked by my country government which is clearly against crypto.

I've learned my lessons and am always very careful what information about my crypto involvement is given out. We should not be panicking or skeptical about the sustainability or ingenuity of bitcoin. Its track records can serve as a reference for us all. The bull run will surely come, but we've to be patient and observe as things unfolds to our favor pretty soon.

Actually, you don't need to talk about the campaign in the forum. Even though it is very interesting for new people because there are benefits that can be obtained from the campaign, the mindset of new members like that will only reduce the value of learning on the forum. because what they are targeting is getting benefits from the campaign.

there are many ways to introduce Bitcoin to new people. You can also trade and invest. and you can refer to the knowledge from the forum. so your friend's motivation is to learn from the forum, not earn income from the forum.
I hope you tell your friends how to have a good discussion.

Well, Like I said, I leant my lessons the hard way, that not everybody is worth sharing sensitive information with, no matter how matured the person looks or how old they are, actually that was the same way I was enticed into joining the forum by a colleague and I was very conservative of the information because he taught me of its importance but same couldn't be said about my friend.

I'll tell you for free that the singular act strained my relationship with him and made me distance myself from him tactically, also refusing to enroll him in the forum because that would mean more publicity for me against my will.

Yes, I still inform others about bitcoin, but I've taken a different route, now I introduce bitcoin from the angle of decentralization, investment and career provision (such as trading) and now recommend joining the forum as a learning environment to be grounded in knowledge of the bitcoin cryptocurrency. I had to be kicked on the balls to get my shit straight.

You are right, objective discussions on forums can certainly be positive because it is primarily needed. Basically basic knowledge about BTC and investment can be obtained from this forum for which many people might be searching for this kind of platform. I have seen some investors who are interested in investing in BTC but the historical investment system in our country does not support it so they are afraid to invest. I personally introduced them to this forum and advised them to study especially the investment DCA strategy. They were interested in discussing the DCA method as an investment strategy and decided later. From my side it was campaigning about BTC outside the forum. However I was also interested before joining here. I heard about this forum through a friend of mine and studying. However, as an investment strategy, DCA seems to be more acceptable and easy to me, so I suggest everyone following this strategy to deposit Bitcoin. Also I have BTC holdings.

it's a mistake if you tell other people to enter this forum with the benefits they will get by joining the signature campaign, because to be honest, getting into the signature campaign is currently difficult and that means their motivation for entering this forum is only to get paid in bitcoin only, which is a bit of a shame. they should enter this forum with the belief that they are interested in bitcoin and want to explore it by interacting with other users, not for reasons such as bouty, signature, or airdrop.

Apart from having to be smart in looking at market conditions, actually investing doesn't need to be so difficult to understand as long as someone who wants to become an investor already has the capital to invest in Bitcoin. Because investment is a very simple thing for everyone to understand as long as they are mentally strong enough and know how to use the method you said.

I also quite agree with dividing investments into different percentages, because that will direct each person to distribute their money to several things they will do at one time. Because investing in Bitcoin is more suitable with the money we specifically provide for this without sacrificing the money we want to use elsewhere.

The part you mentioned an investor should wait for the dump which is referred as price decline is actually not right from my understanding, what’s the point waiting when anyone can start their investment using the right strategy and still acquire bitcoin knowledge at the same time. The only point about the dip it allows an investor to accumulate more but, waiting is not advisable mostly for newly investors. Right market sometimes doesn’t matter cause you might be missing out just by waiting for a right market.

I think he should start depositing bitcoin with little knowledge of DCA if he has disposable income. It is better to start from dumping condition because he can start at lower price. If dumping doesn't get to the price, at least it should start. Later on, the price will decrease as an average of each BTC price. Accumulating BTC using the DCA strategy will tend to lead to long term dips in price.

It's true that if you wait for the market to go down, you may miss out on investing. Don't wait for the market to drop, it's best to buy Bitcoin with the DCA method. Before investing in Bitcoin you need to decide if you can hold Bitcoin for the long term. If you buy Bitcoin at any price and hold it for the long term, you will definitely profit. If you can't hold Bitcoin for long term then you won't be able to make much profit, you can face loss. Therefore, the most effective way to invest in Bitcoin is to buy Bitcoin using the DCA method. If you can continue to invest in the DCA method for the long term, you will be able to buy bitcoins at average prices.

You are in the right decision. Now is the golden time to buy Bitcoin.  After holding Bitcoin in 2024, it has fallen significantly from the ATH value.  But if you invest and keep it for a long time, it will surely increase.  No one can say exactly how many years it will take.  You want to sell your mobile and invest in Bitcoin, I welcome your initiative.  Because you want to sell one asset to make another asset.  If you are lucky, you will definitely get an opportunity to buy an expensive iPhone instead of a mobile phone.  Don't panic if you see a lot less money than you made.

I don't think you have been following the market or have any awareness about it because the market hasn't yet fallen significantly from the ATH because the new ATH was a little above $73k and Bitcoin is trading above $66k right now, so that is just a difference of $6k which I don't think is a significant difference when it comes to Bitcoin and its volatility.

There is nothing wrong if someone buys Bitcoin at this point because we are still anticipating a bull run in the next couple of years so if that happens, those who are buying Bitcoin at current price will still get to have a lot of profit from their investments regardless of the fact that they could get more if they had bought earlier but some people were probably not around when it was cheaper.

There was no significant volatility in the price of BTC after its ATH. Currently we are expecting yet another ATH which is not really unexpected. I have seen many investors who prefer to buy during price uptrends although I have not seen them suffer. I agree with you that those who are hoping to accumulate BTC right now should start because the potential for its price to rise in the future is very high and most of those who are holding BTC can profit greatly.