Bitcoin Forum

We know what time we are going through right now, but we believe everything will be over very soon. And we are hearing lots of FUD and what we are doing is only sharing the news and creating this FUD viral, but those who need opportunity, they just make something else happen. But it's true that this 900B down makes the times very tough for us. But those who believed in crypto saw an opportunity at this time. who we call the strong hand. And they are grabbing much more this time. In the meantime, two of the most powerful crypto influencers added more bitcoin to their treasury. And that is called strong hands grabbing bitcoin.

https://i.postimg.cc/Y0NK14k9/Screenshot-2022-07-01-153732.png (https://twitter.com/nayibbukele/status/1542672286490271744?s=20&t=YURz1E8xo_inf7fHR0_t-A)

https://i.postimg.cc/zXp48YG9/Screenshot-2022-07-01-150656.png (https://www.forbes.com/sites/jonathanponciano/2022/06/29/saylors-microstrategy-bought-another-10-million-in-bitcoin-as-crypto-markets-lost-900-billion-in-value/)

Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.

We do not even know if the price by the end of this year will be lesser than $15000, bear market can last like that of 2018 that started in January and lasted long all through the year, that is just it. I understand that it is a buying zone, because people that buy now and hold for like 3 years will make significant profit even if the price of bitcoin still decreases further this time. I agree with this.

No one can predict how the market will be in the next few months but it’s best we keep hoping Bitcoin will raise and not get dipper before the end of the year. While most people are grabbing this dip as a great opportunity to invest in Bitcoin by buying more and holding some persons have lost a lot of money and cause they are scared of holding they sell out. l believe the best we can do right now is to buy and hold on to what we have before the dip.

I mean, if you're bullish on an asset it just makes sense to buy if the price goes down, right? Nothing really surprising here.

Also, they're pretty much almost like DCA-ing. And yet most people still try to time bottoms.

Strong hands making themselves more stronger buying more. Everyone find this as an opportunity, because there'll be fear behind them. These people are highly positive about bitcoin and the investments doesn't make any big impact over them, even if the predictions didn't happen on the right time period. Even the low level investors are buying more keeping in mind the year 2024.

As the legends say bitcoin is not for the weak hands, there were many people who bought bitcoins like other people but the difference between them and someone like Bukele is the hard times when the price falls to the lower levels, usually during this time people start panic selling because of fud and hitting the stop loss while the whales and people who know this market will keep buying bitcoin in other words they use the change they got from the market just like bitcoin is kindly giving them a discount, even if they bought bitcoin is higher prices like El Salvador they will buy more at this level to decrease their buying average price level.

It make sense, I mean the price is cheap so wouldn't buy at this price?

Even casual investors knows when to enter, so it's not just the whales or institutions are buying, but everyone. The difference is that the whales have deep pockets are compare to us who might be happy getting at least 0.01 BTC at the current price. And if ever the price goes down even further, then another opportunity.

Follow the big money! ;)

Price does not correlate with value in the short and even medium term. I think this is something most of us forget.
The sell-off is mainly caused by the instability in the economy, but what people will come to acknowledge with time is that Bitcoin should be the safe haven in crisis times. Due to the lack of liquidity in the market higher interests might be at play now --> big players want to accumulate more at lower prices so that they drive the price down through different techniques.

I have come to agree that such situations are the best periods to buy. A lot of opportunities for buying at a lower and cheaper price.

But do you see this very safe , as I see this almost like putting all of your eggs in a basket. I just asked this in a similar thread so.
They invest in Bitcoin but most business over are not really into the the usage of Bitcoin for daily use.

There are nothing as strong hands. It's either diamond hands or paper hands, select which one of these you are.
I would be a paper hand anyway because If I kept HOLDing, I would have missed my gains. Now using that gains, I am able to accumulate more.
Invest, Take Profit, Re-Invest, Take profit. Don't let your profit die.  ;)

Congratulations then. You made some good movements there. I say you are the strong hand because thats not an easy thing to pull. A lot of courage is needed to sell at times when the price was near the ATH because many are expecting more.
I just took a slice of the pie but never pulled it all out. I was scared, and was part of the investors who expects more.
Unlike what the OP shared, I bought at a higher price and I am happy with it. Now the patience part where we wait and this might take longer if the economy won't be better.

Personally, I'm not surprised that this is happening. As history shows, every time the price of BTC drops significantly, there is always someone who buys BTC on the market, thereby replenishing their portfolio. However, this does not mean that right tomorrow the price of BTC will go up again, no, on the contrary, the price may continue to go down. But then why are strong hands now buying BTC on the market when you can wait and buy later at a lower price? The thing is that just waiting for the minimum price for BTC is not a good option, since it may not be possible to buy it at all, since there are always other strong hands that will not wait for the bottom, but will buy, as they say, in parts. So they simply buy back every time the price goes down, thus after that they will sell in parts when the price goes up. So this strategy is obvious and understandable.

Conceptually I have an issue with calling El Salvador strong hands  :)

Next to that I fully agree strong hands are buying now

strong hands I think those who can defend and the strongest hands are those who prepare funds to multiply bitcoins when they fall...
regardless of the next day and month it may fall even more ..... because not everyone has the opportunity to add assets because there are no funds for it

Whoever has funds to invest in bitcoin will buy now or later, whether a country or an institution since bitcoin is still going to rise and has still been one of the most significant choices for long-term cryptocurrency investment. Although some predicted bitcoin may fall another 84%-855 from its ATH at $69k, no one really knows what the future will brings to the market, but so far $17,7k is still the lowest price since November 2021.

No one says you should solely put your money into bitcoin. There's a reason why the concept of diversification exists, to spread out risk. And no, buying other crypto is not diversification.

a very extraordinary president. Bukele is really serious about investing in bitcoin. This is indeed a good opportunity to buy bitcoin. El Salvador is increasingly having Bitcoin assets on hold. Buying 80 BTC at $19,000 is certainly the equivalent of $1,520,000, Keep adding bitcoins and when bitcoin is bullish El Salvador will have a lot to gain.

I'm not sure if the President is doing anything more than gambling at this time. Don't think they can afford to lose their investment.

Also he is not spending his own money but the money of the people...

I also bought some but this seems irresponsible

You can follow up investments from strong hands with Bitcoin Treasuries (https://www.buybitcoinworldwide.com/treasuries/). No matter what you see, you should not rely on their investment for your own one.

A live chart for Bitcoin wallet sizes: > 1,000 BTC (https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/) is helpful too.

Buying from strong hands is not enough because in the market, we always have exchange between seller and buyer. In order to get a bottom, miner capitulation and retail investors, weak institutional investors should capitulate too.

El Salvador holdings bitcoin that's only worth like $34 million, more or less $50-60 million at peak; it's a pretty minuscule allocation as remember that we're talking about a country here. Bitcoin could literally go to zero and they'd be mostly unaffected.

Over 72% off. Christmas is early this year. Why wouldn't a county who made it legal not going to buy. Of-course they will. If price drops more we will see they are buying even more. MicroStrategy and other big boys will do the same.

Question remains, as individual are we taking the opportunity and buying on sale? 😉

This is how we expect the mindset of every bitcoiners to be set, buying more as the dips proceeds, this isn't the right time anymore for bitcoin to fail or create fear to its users, gone are the days of fear of uncertainties, the coin has value that bow down every other cryptocurrencies, this volatility is part of what shake other cryptos into falling and never rise again because its one of the means of their exposure as shitcoin, but bitcoin has maintain the paradigm shift over years and remains relevant, Nayib is a great man of courage and a leader fully oriented in business and finance, this is the second buy after the 500 btc bought when it was at $30k low.

You have said it all by mentioning strong hands buyer, that is very good one to here and is an opportunity given to everyone determine the level of your equity to buy and hold for a long term. Hence, cryptocurrency market are still experiencing bear market, which it may go down to 15k, and if it break out from 20k support and resistance of the technical analysis. Therefore, is good time to buy at any dip and hold for a long term investment. 

Those weak hands do not really know what they are doing, even if they bought at the top of the market this was the perfect time to do some DCA, and by using that strategy reduce the average price at which they bough their coins and then become able to breakeven way earlier than if they just held their coins.

It is incredible that after making the mistake of buying bitcoin at such an expensive price they make the second and even more crazy mistake of selling so cheap when the opposite move is what it was needed for them to turn a profit in this market.

You are right they are much wealthier than I assumed  :)

Apparently they invested about 100M in bitcoin so far but their GDP is about 6bn

So good diversification in fact

Yes indeed. I believe this is the last time bitcoin is falling, we wont see such huge falls in crypto in future. The  main reason of this fall were the scams due the shit coins. However the rich and strong are buying because they know very clearly that this fall is temporary and bitcoin will regain its value and will prove to be a good asset in future. So keep Hodling your coins, your grandchildren will be proud of your prudency someday

Nayib Bukele dared to do this with the current lowest bitcoin purchase with a considerable amount, he knows about his future opportunities with the value of bitcoin later so he will continue to buy as much as possible to accumulate, I am also sure the country of El Salvador will get the same value fantastic few years to come, this is a country whose economic progress from bitcoin because Nayib Bukele believes this will definitely happen.

Strong Hands Are Buying? No, more like hands with money are buying. All the other hands are sweating from not being able to buy more because we bought in at 21k thinking it was the bottom. My sweaty hands are hodling. Oh well, 10% more or less coin is not the end of the world. Although I do wish I had more fiat to burn. Trading worthless old generation money for new generation money does give one a satisfying feeling.

Maybe next time. Maybe. :-\

As long as we have more spare funds that are unused, there really isn't a problem with this because it doesn't matter if the hand is weak or strong, now many people are competing to start saving their money here, even though the risk of a decline is still very possible.
At least if you feel you are quite sure then it needs to be done this way, it is still very worth it to pay off little by little so that when a bull occurs we are not left behind.

This is the time to be daring when others I fearful. If whales are busy accumulating regardless of the market condition what stop retailers from accumulating as well! For evey weak hand that is selling, strong hands are scooping them up, that is enough to ponder about. The best way to overcome the stress of bear market is to have a long-term goal in mind.

What if it reaches 15k and bounces back? Do you feel like you can catch that bottom?
It's proven that reading a bitcoin bottom or top is really hard. Some people claim they did it but in reality they were doing DCA both up and down. This means that they were buying and selling at every significant level, like in the bull market they were selling at 25k, 30k, 35k, 40k, and so on, getting rid of 10% each time. When we fell below 30k they were buying at 25k, 22k, 20k and will be buying all the way down to 10 k if that happens.

In reality a worst thing that can happen to risk on investments like bitcoin is an 85% correction which would put us at 12k. In 2020 we went to 4k and I held, so I don't really care if we go to 12k by the end of the year. In 2 years we will retest the ATH, so by that time I'm planning to add another 1 BTC (if we stay below 20k because I don't earn enough to get 1 btc @60k, so low price is actually better if you're trying to get as much as possible before the next halving).

This is an ongoing opportunity for whales who believe in Bitcoin. They won't miss this opportunity to accumulate cheap. Because they bought a lot of Bitcoin in different zones. So they could recover simply by accumulating in cheap price which will reduce their average bought price. That's the reason the rich become a richer and the poor struggle to live. If I had enough money, I would buy at this zone although risky since we don't know the exact bottom anyway.

We really expect for these great crypto influencers to always take the lead in the market through making a maximum purchase because they never have doubts in the great potentials of bitcoin. If they have seen this coming, then who are we who are not gonna take advantage of the market. Although it’s still an individual’s choice, but not taking a good move right this time is just another missed opportunity like we had before.

El Salvador president is making things that other countries don't have a confidence to do. This might be a gamble because of how volatile and speculative bitcoin price is but  it is the belief and trust you will put in the idea of technology that will make you prosper. Do you remember dot-com bubble, There are many companies that have become speculative and pumped with money but only strong ones survive like amazon, ebay and others. These companies are just bitcoin right now in my opinion, Knowing where to invest might give you fortune in the future.  El Salvador is a small country that still have a chance to prosper, The country future could be leaded by bitcoin.

I'm surprised that El Salvador is still purchasing Bitcoin after so much criticism it received after its initial purchase. Apart from that, I believe that we still haven't reached the bottom, thus, the current state of the market provides us with great opportunities. I'd also be interested in investing, if the situation wasn't that bad with the increased living costs.

Honestly the news itself is good and all, but El Salvador bought about 1.5 million dollars worth of bitcoin. 80 of them at around 19k each makes it 1.5 million if I am not wrong. I know that they are not a rich nation, so it is understandable that they would not be investing like they are the USA.

But, I didn't know that they are poor enough to make a news out of 1.5 million dollars. I know friends who are richer than that, they could buy a lot more, if a whole nation tweets about something like this, they must be really poor. Outside of that I feel like Saylor situation is very real, they are really going all in on bitcoin and nothing else and when that works out, it is going to be epic.

Anyone that is believing FUD targeted at Bitcoin in 2022, actually hasn’t understood crypto-currency and Bitcoin, when it comes to FUD right now I believe it’s works more on Altcoins, many holders of Bitcoin aren’t just holding they are actually putting it to use, like I buy most other things I can get online using bitcoin from someone willing to sell his services for Bitcoin, so the adoption is on and bitcoin actually has real value aside being an asset for investments.

Aren't the two stories above enough to convince those who still don't believe in the future of Bitcoin? I mean those with big capital, state finance, and corporate finance where a lot of people put their money to believe in buying. Then how funny there are still many out there who half-trust Bitcoin. We can't force someone to buy something they don't like, but for the Bitcoin community, I believe they have. These are just 2 examples of purchases that have surfaced, imagine behind the curtains there are thousands of whales hiding that have been monitored for a long time until they are at this lowest price.

Yes, the strong hands are increasing their bags and those opposed to bitcoin or still on the fence will miss out again.  Also, dont' be fooled, there are a lot of institutional opportunists scooping bitcoin up as well while FUD'ing and shaking weak hand outs.

As the legends say bitcoin is not for the weak hands, there were many people who bought bitcoins like other people but the difference between them and someone like Kukele is the hard times when the price falls to the lower levels. Strong hands making themselves more stronger buying more. Everyone find this as an opportunity, because there'll be fear behind them. These people are highly positive about bitcoin and the investments doesn't make any big impact over them, even if the predictions didn't happen on the right time period.

El Salvador became the first country to adopt bitcoin, and of course they believe in the future of bitcoin. Many developed countries even ban bitcoin, but president Nayib Bukele embraces bitcoin and is even planning to create a Bitcoin City. The current state of the market is not good, but Bukele's move to buy bitcoin again is the right move. Bitcoin provides great hope for those who dare and believe in bitcoin, and can do good management. A president will not take rash actions, this is calculated.

It only proves that they're visioning long term in bitcoin and that's why every dip that they think is, they're buying.

And to us who are also holders, we just have to mind our ownselves and keep on accumulating just like these big names in the community. No need to be moved by the FUDs.

But just be firm with your decision of buying so that you'll be seeing the effect of it in the future.

saylor from microstrategy was crazy enough last time the total average is around 24.000 in the current price the company already lost and we don't know how many tesla holding and as far as i know the buy around January so might still lose too.

in other hand bukelele was crazy enough if he bought bitcoin using country money  :D :D. in the other hand bitcoin can even break the resistance zone nor the support zone

I agree. I still like to look at this Bitcoin Rainbow price chat to see how accurate the market will follow through. We can see that it is indicating that the market is in the "Basically a Fire Sale" stage and from history, how many times has Bitcoin price fell below the blue zone if it has ever.
https://i.imgur.com/hVXeZqf.jpg
Even "IF" the market will fall further, I don't think it will be worse than what we have already seen from the ATH meaning, we might just be trading sideways for some months, years but as you said, I too believe these are the buying zone for the Long HODL. 

That’s how they gonna rose upwards, rise from the worst timings and that’s why they will successfully go for higher profits in the future. I salute to the bravery of this country really, in between I thought they will get broke due to lost market depth. But they are amazingly calming the whole situation nicely and keep on buying more and more. Honestly as an individual we are also trying to be brave in the bearish market and such news really makes me think that I am way way secure with my funds. :)

For this week or month maybe, but next month or so, the price will decline again. I am not saying that I am not optimistic anymore but I am only saying the possibilities here because bitcoin is not a stable coin you know. And I don't think the main reason for this dip is the scams going around because if we think about, there are also scams that are happening before but why the market seem to be not affected with it?

It's just that scams have happened while we are currently experiencing a bearish run, making it appear that it was the reason for this drop. Yes only the strong will have the guts to invest but not totally the rich. Poor person can still afford to invest a little.

I think it is pretty normal for FUD to arise given the fact that most investors have released more than hundreds to thousands of dollars on this investment. The slightest increase/decrease on its price can mean millions of gain/loss on their end. Though FUDs are the normal occurrence of an investor, it must really understood that this opportunity must be taken advantage of.

Back in 2017, I started my journey in which the price of BTC was around $4,000. Lots of people were speculating that BTC is a 'bubble' that might pop soon. Though this may be the case, its price continued to rise which made at least everyone happy.

FUD will always exist but if we already know how crypto works and how the market moves based on the past occurrence, we'll never be affected by it.
Lots of people are fearing the market and doubt of Bitcoin becoming a bubble is always present but those who trust it take this season as an open opportunity to buy and take advantage of the market situation. The fool will fear this season but wise investors see it as another flood gates of profit.

It is pretty common that FUD will happen and spread out especially with this kind of bearish market. Unfortunately, there will always be people who will be affected by these just as what we are seeing at the market. FUDs made by normal people may not affect people however huge influencer, corporation and country level kind of FUD will affect people and the crypto market.  FUD will always exist as long as there will be someone against crypto.

That's actually true, the big guns are using this as an opportunity to buy in big loads, they know that this price level might not sustain for a very long period of time and this can be used as a great opportunity to accumulate, just think of it the company which holds the largest reserve of BTC has average buying of 35k+ this means the price of 19k is way off from it and at least will double your money guaranteed, so why will someone miss this once in a lifetime opportunity, it will always only be the weak hands that will get crushed in all this and will face trouble and repent when their is the next bull run.

It's a common sense not a rocket science when the price drops really hard then the whalers are starting to buy on dip for hoping to get some profit in the future. Who knows the price would suddenly go up really fast and people might lose the opportunity on dip, but that's just a speculation of course. Just make sure to always do some research first before doing any kind of transaction especially in this kind of situation.

Can we call El Salvador investment as a crypto influencer trying to influence others to do the same, good to see that they are still having money to invest when the market is down so that they can average their initial investments as they did majority at a really high valuation.

As per the documents MicroStrategy is sitting at a loss of about $3.4 billion and their investors are bleeding as well and if they are buying at this level, good for them but i will not categorize all these as strong hands even though Michael J Saylor is downplaying the loss they are facing. ;)

The thing is that there will always be weak hands. They are the people who buy at the
top purely on emotion and FOMO and sell at the bottom* out of both FUD and/or having
put too much into buying at the top and over extending themselves.

El Salvador and Microstrategy being strong hands means those Bitcoin that have been
bought cheap wont be on sale again for a very long time. This creates an even bigger
scarcity issue in the not too distant future.

It is possible to draw conclusions from such actions. There are even strategies that involve controlling purchases of such "big hands".

https://www.buybitcoinworldwide.com/stats/realized-price/
The best buy of bitcoin was when its price fell below the realized price.
If the situation repeats, then now is the time to buy bitcoins. The price might drop a little lower, but it can't drop below $10,000 because the miners will be in trouble.

And these are just the public purchases. A lot of parties with really deep pockets must be hoarding a lot at these prices, but they are not public about it. Why would they if they wanna accumulate it cheap?

When you see the bullish press releases, it usually indicates that big money is done stacking and wants to pump the market now :D
However their plans don't always work. The market is an extremely complicated environment with so many actors with different interests that it makes it really impossible to guess others' actions.

Those people who is buying cryptocurrency right now. They are the people that is going to make cryptocurrency price to go up you can demand marketers buy cryptocurrency the model value a market get real nice. Stronger hand I should said that bought cryptocurrency if they continue for period two months the market structure will change so I believe at the makert will change any time soon. Any person that want to buy cryptocurrency this is the best time and the best opportunity somebody can invest and make big money in future time because of the level bitcoin is right now

Those are huge as well, it's not like some regular stuff or a cheap retail investor or anything. Sure there are some people with a few thousand dollars who would talk about how they are selling and they are scared and all of that, which is understandable. But at the same time we are talking about something where the people who have been involved with this do not have any type of fear if they have enough money.

This is why I believe that we should not be really feel scared neither, those people with hundreds of millions of dollars, even billions of dollars involved in bitcoin do not sell and they are even buying more right now and that should tell you what the rich are doing.

Resistance to Bitcoin is very much needed, especially if there is a FUD that has a big impact on the decline in the price of Bitcoin so that those who have large capital can get a discount when buying Bitcoin, we should have been in crypto for a long time and are used to finding things like this even in 2018 ago after Bitcoin got the highest ATH in 2017 the FUD given to Crypto was so sharp that the price drop was also high enough that the price fell and the moment is back now.

It's great to read posts that bring fresh news about bitcoin like this topic. Because I'm fed up with the negative FUD that keeps spreading on social media. But it doesn't affect my mentality to continue buying gradually from this level. If el salvador just adds to his bitcoin collection, and so does saylor. Then so will I who will continue to add bitcoins by buying from this discount season. although the potential for decline is still visible but at the current price I don't think there is anything to be afraid of. even if bitcoin is down 50% from its current price then it only touches around $8500 then it doesn't really matter. because when this bearish season ends and when bitcoin rises to the top of its hype again, I'm pretty sure that a new ATH will appear. So collect now while you can with cold money.

Yes for sure but there are always going to be people who have weak hands they probably
dont follow strong handed people and listen to the wrong people. It sometimes comes down
to education and a little bit of research as to whether someone would sell at a loss.

The education and research would inform those as to Bitcoins historical movements

they are in crypto for profit and when they don't because of the market experiencing the winter again, they will sell with the little they have gained or even at loss to hold cash this time of crisis. whether they buy back at prices lower than where they sold, its up to them. for the experienced traders, they will sell whenever they see the price could still  potentially fall.

even when they could see there are good fundamental news like President Bukele and Saylor buying the dip, they may not be buying along with these two because they are anticipating the halving cycle only.

FUD news will be unavoidable because there is so much on social media and news about the decline in bitcoin prices due to FUD so for me it will not be taken seriously and focus more on buying bitcoins on a regular basis.
And indeed we can see from them about El Salvador and Michael Saylor who continue to buy bitcoins on a large scale, they have the belief that behind the discount prices there will be greater profits when all this ends, and we don't panic as long as there is safe money then buy Spread the bitcoins evenly until you collect more in your pocket.

Good for El Salvador that they keep buying at such low levels. If they have the free cash to invest than it makes a lot of sense to buy now. Unfortunately my spare money this year is very limited and I managed only to buy 500 USD in bitcoins at 19,000. I would like to buy more, but taking out a loan to buy bitcoins is to risky for me. Now all I can hope is that the next rally isn't coming to soon. To be honest doubling down on their strategy seems like the only viable option for El Salvador. Accepting defeat and stopping their bitcoin approach would be political suicide, as long as they are not selling any coins they are not realising their losses. We all know crypto currencies move in cycles, it's only a matter of time for prices to recover.

I don’t think only big hands are investing in bitcoin, but also small investors like us are also investing in Bitcoin.
This is good for both.

I agree with you, because strong hands are fully prepared to achieve a good incomes from their investment. They bought few months ago when the price was $17,000, that was making some people to feel that the price will decrease to $10,000 before they can buy and hold for a bright future to come. Now that the price has increased to $20,000, showed that the price will reach $30,000 before the end of this month for those that invested a huge amount of money on Bitcoin to start expecting a good news from the market soon. Don't sell your bitcoins now, because the price will increase more before the end of this year 2022.

Trading and investing in cryptocurrency industry involves some sort of game and only the smart people that understands how to play the game will have to play to win , it takes wisdom, research, effort to understand ways of navigating in this ecosystem which I think Microstrategy, Michael Saylor, El Salvador and other legendary investors are playing the game in the right direction and doing the opposite of what the majority investors are doing (being greedy when others are fearful and fearful when others are greedy )is a key to becoming profitable in this industry.

It's good for both, but it also has a very basic difference where if only one hand invests in Bitcoin, then the price fall that is too deep will happen to Bitcoin when someone sells all the Bitcoins he owns. But if a lot of people like small investors invest in Bitcoin according to their capabilities, then the potential for the Bitcoin price to fall will be slightly smaller, unless they (all small investors) sell Bitcoin simultaneously into the market. So Bitcoin will be stronger if held by many people than just one person.

this is far from reality of getting increase , yeah there are strong hands that is taking the advantage of buying now but we must consider that they are just a small fraction of what we need to see now for the market can be considered as pumping.
look at how the market reacts from those buying , it does not even bring us to more than 20k meaning there are still plenty that afraid to buy in chances that this will continue to fall down to 10k.

Many people are reluctant to buy Bitcoin as the current price, they think Bitcoin may fall further, it can be. But if you are thinking of a long term plan then I think it is definitely worth buying. It may be the losest price of btc $19,000, market can start to rise again from this point. Those who believe this, have been buying BTC according to their ability. If some one invests with having the volatility and risk of Bitcoin, one day it will definitely have to be introduced as the biggest assets of any particular investor.

Yesterday's high only touched $20.3k however there is a strong hand that has taken advantage of the high but now it has fallen again for me, it will be difficult to return it will take some time but I think it is a strong hand that dares to buy now and sell at $20k more for what little profit they make.
I think it's a long way to go down to $10k although many waves of panic it won't make the brand drop, and could be resistant to buy much better.

This may be a good sign. But it is also worth understanding that this does not guarantee growth. I believe that you need to rely on your personal analysis of the situation, and not on someone else.

Good sign or not, it won't matter if you are a strong holder anyway.
It is not like people should lean too much to their crypto investments after all due to its unstable price.
I was holding Bitcoin even back when it sort of "crashed" (if that is everyone's term) to 3k long time ago. Can't remember the exact year, but you get the point.

Buy when the value goes down, not when it goes up. I'm waiting for it to drop a little more now. We are in the best value range to buy bitcoin. We can buy bitcoins between $12k and $18k. Every bitcoin to be bought from this value will provide us with a nice profit rate for the future.

Perhaps it was a mindset OP...
 - Buy low and sell high

We can't be wrong with those words. And by simply following that strategy we make ourselves clear that investing coins at the right time could have passive results, earning is possible. However, this will not just simply works with that, it also needs patience which becomes a challenge for most. That is to say that investing could be everyone but only strong hands are able to stay in the long run.

Indeed. It is what El Salvador did exactly. They bought some Bitcoins when the values dropped quite much.
But it is not easy to determine when to buy exactly. We won't buy in each dump, right? So, it needs deep analysis to know when the right time to buy.

Me, too. But I'm not really sure when the lowest price to buy, difficult to know what range it is. However, I also believe that there is a chance for Bitcoin price to drop below $18k. We still have no strong signs for Bitcoin to increase significantly again, in contrary we have too many bad issues related Bitcoin or crypto as a whole. It is the sign that the drop seems to continue, so just wait for the next huge dumps.

this is why, buy at a price where you feel you have the advantage of. because no one can predict the lowest price. you are just relying on where the market goes. if you do believe that bitcoin will have good future, even at this price level - 20k+ is still good to slowly accumulate some. just think of the situation that when it goes up to even at 25k, you are reaping your profits already. that is, if you don't want to wait for 40k or 60k.

That is basically people who are either already rich, or people who have been rich before, or people who will become rich by learning and studying how to be rich. The reality is that not many people fall into these three categories in the world.

Most poor people like me, end up living very bad periods in their lives as well, like purely noodle or boiled potato, barely able to find small jobs to pay for their bills. Life is not that easy for most of them. So if you tell them that their 100 dollar investment which is huge to us, end up going to 20 dollars, that becomes hard to "hold it until it recovers". Thankfully I have been here for a long time so I make a lot more money now and I can wait easily, but I remember early days I was like that.

The strong hands are buying, why the weak hands are selling. Very soon the weak hands will regret why they didn't buy bitcoin when people where making FUD that bitcoin will go to zero or bitcoin will. Bitcoin have faced a lots of challenges since when it was created and it didn't die, when bitcoin was not really known by lot's of people bitcon didn't die, so why do people still think Bitcoin will die when it's been known and adopted by lot's of people? My advise is that everybody shouldn't lose this opportunity and don't let's them be deceived, this is the best opportunity everybody is having to bag bitcoin at cheat rate.

Yep, everyone has their own target and their own analysis to determine when to buy.
I don't blame those people who want to buy at $20k, it is their own right to buy. But for people who want to buy at a cheaper price, there is nothing wrong to wait for the next dump. Although no one knows the bottom in this bearish season, BTC price is very possible to drop more if we consider some factors. However, it is just for people who believe we don't reach the bottom yet. For people who think the bottom has been reached, they can ignore it. Please buy Bitcoin based on own analysis, DWYOR.

We are the only ones who do really rely into our analysis because its our money then we do have the full rights or decisions to be made because no one would really be the ones for you to rely but only yourself which own analysis would really be that relevant or something you could really depend on in the end of the day.Making investment decisions specially on buying or selling moments is the hardest thing to be attained on which you cant really just able to know on whats the possible bottom which is something the main problem we do face on this unpredictable market. Being a strong hodler wont be that simple  yet it do also matter on some factors like consideration on buying out on the times of dip since emotions would be your main enemy on this one.

We have often seen and read about FUD which continues to attack bitcoin. there are those who say bitcoin will be zero and die and various kinds of talk that intend to bring down bitcoin. and events like this keep repeating themselves every year when the market is bearish. so many newcomers are affected and sell their bitcoins. but for those who have been diving in the world of bitcoin for a long time, the fud news about bitcoin is no longer a scary thing and is considered normal. even strong hands make it a great opportunity to buy more bitcoins. but for beginners and weak hands. then they will usually start rushing back to buy bitcoins when bitcoin starts at its peak. so they are prone to buying peaks when prices are going back down and then they will complain when prices go back down. I hope newbies don't make the same mistake this time. and can take advantage of this low price by not selling it or at least they start buying at the current price gradually.

So am I  ;D , I can consider myself as Strong hands now because I am buying in the time of dipping market in which many is selling or doubting that there will another increase soon.
but this post is more reliable than those FUDs that had been sent this past days and weeks that brings more effect to the increase/decrease of the market.
actually wrong, Buy when the value starts to go up and not when falling or climbing but this is hard to get the timing lol.

The reason for strong hands are buying is that, they know the true value of Bitcoins and yes they have sufficient money to buy.
In this bear market, why the common masses are affected , is only because their fear.
Many people are fearing and therefore selling their coins in this petty price.
Rather this is the time we should hold the Bitcoins, or even buy some .
But I see due to many constraints, many people can’t anymore afford to buy the coins, and for that reason Bitcoins are taking so time to recover.
Hope everything comes back to normal soon.

of course yes. 21% us investors has used lended money to buy bitcoin or other cryptocurrencies

Strong hands increase their own strength by purchasing more. Since there will be fear behind them, everyone should see this as an opportunity. These people have an optimistic outlook on bitcoin, therefore even if the predictions didn't come true at the proper time, it doesn't have a significant impact on them. Even entry-level investors are investing more money now with the year 2024 in mind.

What do they consider Bitcoin for 2024? because what I see from the current market cycle is that it has started to change and it is also not certain that in 2024 they will get the profits they hoped for even though investing money into Bitcoin at this time is the right thing to do and it could be that the profits come earlier than what what they predict.

Obviously the answer to that is the halving, we will get yet another halving at 2024 and while the halvings are getting less powerful as the market cap of bitcoin increases and the amount of bitcoin being halved gets reduced, we still expect them to be the trigger that allows us to see a new bull run.

And even if somehow that pattern were to change I still think we are bound to see new all time highs in the future and as such buying bitcoin for the current price is a good option.

My hands will be stronger (for buying more) once Bitcoin drops under $20k again, preferably closer to $10k. I don't think we will be seeing any significant rebound until 2025.

The reality is that bitcoin was awesome in 2014, it will be awesome in 2024 as well. People who think that bitcoin will not be great in the future, could just sell and get out and I wouldn't mind. Even if the price crashes even harder, I will not care because I know for a fact that it will go up. This is why I believe that we should be buying bitcoin as much as we can, let those people do whatever they want and it will be resulting with you making a huge profit while they will be making a big loss for sure.

This means that we need to face the reality and understand that there will be some people who will lose and defend the reason why they are losing.

Is that a year you actually calculated or you just wrote a year that passed your mind in the moment?

Many things can happen with Bitcoin and in the crypto space in 3 years. Is it really wise to project a medium-term limitation (significant rebound whatever that means for you) to the price of BTC which is known for both spectacular surges and drawdowns?

we may even see a good rebound this year. remember, we just finished half of this year. and considering the market movement in crypto, you can experience a lot of up and down movements in a 24-hour cycle. so another 5 months, and for sure, we will be surprised to what price range we will end this year. year 2025 is indeed a long wait in crypto.

I mean it's a great price for a long-term hold plan, and no one can actually predict the market bottom but I would surely love to do DCA instead of aping in just seeing it 70% down from ATH.
I know 70% is so much but Bitcoin has historically gone below 80% casually without bad economic conditions and fear of recession.

I hope you understand the difference this time around.

for people who research before investing in something must have already realized that it has become something normal that every time bitcoin goes up a lot it also drops a lot so people who research this market a lot can already predict that if they buy now they can make a profit from 3X to 4X in less than 4 years, they just need to be patient and of course for rich people this should undoubtedly be a good opportunity. let's imagine that a rich person takes 100 million dollars and buys bitcoin at the price of 20,000$, that rich person could easily have 400,000$ dollars in 4 years or less. if i were rich i would do the same thing, i would take a lot of money and buy it now. but when the person has little money, it's not worth staying 4 years to make a profit of 4X

Yup, it's gambling. El Salvador will be the next Sri Lanka very soon.
https://www.coindesk.com/markets/2022/06/08/will-el-salvador-default-on-its-sovereign-debt-in-2023/#:~:text=Owing%20to%20El%20Salvador's%20%24800,adopting%20bitcoin%20as%20legal%20tender.

This is what happens when a clown is in power :)

Legalizing bitcoin is just one of his PR stunts to woo internet influence.

It’s actually common sense to be honest, for any trader to know that when the price of a volatile asset drops to about 10-20% of the highest it was, it’s only wise that you buy at that point, you do not necessarily need to be a strong hand in order to buy an asset at its lowest price especially Bitcoin.

Buy the dip, that’s the rule and it is believed that investors must have known this by now, traders should not be issue.

Rich people got more while poor people just got a few...
Even if we wanted to become rich, however, because we don't have the capacity to invest more, unlike rich people, that is still hopeless. That is why Is would say that we don't chase becoming rich if we know ourselves that was impossible as this is not a game that we all win, sometimes we lose which is really hard for the poor people to recover. Buy and spend money that we can afford to lose, we don't ever think making a loan will help us. We also have to learn to be contented.

I don't see any turning point now while we are in a bearish season. I expect this to prolong until the next Bitcoin halving. Retails are obviously going to buy as they are stacking more BTC as a preparation for the next bull season. However, traders were also playing along with Btc's current volatility. That's the very reason why the price is going up and down.

In contrary to your belief, a lot of people were actually expecting Btc to fall $15k.

Well this is a very good example of Synecdoche. I will not oppose the statement rather to support it. In anything, there is a reason, and season.  There is time to buy and time to sell. Now it is their time to buy it and keep it in their custody but they can not keep there forever they will definitely Sell, so when the time comes, they will definitely Sell it. And also remember that bitcoin price is unpredictable, some might say that this is the best time to buy, really this is the best time but also remember bitcoin price is down, and if it goes down below like this, that person has also loss, so bitcoin is everytime high and everytime low. All base on your courage. All the same, bitcoin price will come up

Unfortunately the nature of dropping this big shows that there are a lot of people who sell, and people do not follow your logic :/ I mean if they did, then we wouldn't be this low, from 68k to under 20k means that there must have been a ton of people selling tens of thousands of bitcoins, even at low prices, in order for us to reach here. That's how the market works, people need to sell in order for the price to drop, so when we are at this much bottom that means people didn't follow that logic.

This is why there are a lot of people right now who are accumulating, they know that others made a mistake, and they won't make the same mistake with them and gather as much as they could.

Have the same feeling that this would really be a long running bear market just like into that year 2018 onwards on where we've been waiting for several or couple of years before we do able to break Ath and reached out newer heights.Its not really that precise or nor assured thing but considering on having no sentiments around then it is really not bad to presume that this bear market would be long.We are playing around 19 and 20k+ price and no signals of possible price pumps but well this isnt a new thing on bitcoin or into the entire market. To those who had money to spent and invest then this bear market would be the most
ideal situation for them to get in without any hesitation because instead on looking it up as a threat they do rather see it as a good opportunity to buy cheap or get in.
People does have different perception on this kind of market condition.

This is how the strong hands move in the market, they buy at its lowest price and sell at its peak. And right now, the market condition is definitely a perfect time to buy and accumulate a lot of bitcoin to maximize bitcoin portfolio. However, not all realized this. Weak hands get panic instead and develop fears. That is why instead of seizing the opportunities to buy in the market, they resort into panic selling which brought them a lot of losses in the end. That's how they learned their lesson as the crypto market is hardly learned.

Those who already understand Bitcoin and also know Bitcoin thoroughly will definitely make a purchase on Bitcoin under current conditions because currently Bitcoin is still at a relatively cheap price and has the opportunity to increase even more. Just for now I don't see any buying in large quantities for everyone because some people are still thinking about a decline that also has the potential to happen and there are also those who make purchases of Bitcoin gradually when there is a decline in Bitcoin.

If you have strong faith in bitcoin that everything will be back to normal, then you will understand that right now is the best opportunity to invest, and only strong hands can attest to that. While most of the retail investors and newbies fear this season, those smart minds and strong hands will always see deep within what’s in the bear season to grab the chance. Knowing everything is unpredictable with bitcoin and this crypto market, then it’s best to grab the chance and maximize our investments while bitcoin is very affordable and is highly discounted.

This is a natural thing because when I was in school I was always taught to buy at the lowest possible price and sell when the price was high and this is also a simple concept used.
But as you said, sometimes simple concepts like this are very difficult for weak hands to put into practice considering they can't think clearly and only know about selling and selling. Even though there is something that cannot be missed here, namely waiting anda holding.

El Salvador is not a "strong hand" and is a very bad example, they bought in the vast majority of their Bitcoin at much higher rates so are net losers at the current pricing levels. Big hedgefunds seem to be trimming their exposure to cryptocurrencies at the moment because there are juicier and easier targets, they also want to be cash-liquid in preparation for a potential upcoming recession. The volatility of Bitcoin works both ways, on the way up it kept momentum going for probably longer than it should have, but on the way down it is going to take a big effort to reverse course. There will always be whales out there with deep pockets who make so much money from stock investments that they can channel some of it into Bitcoin without even noticing.

This is absolute because of the amount of money owned, and the difference between rich and poor. It is normal if a poor person only invests a few in Bitcoin although during this discount price of the market. If a poor person forces himself to invest much moreover by loaning, this will be too risky and not wise enough. Moreover, we know that one of the key elements to pay attention to before investing is: Invest the amount that you can afford to lose.
So, whatever the amount, if we can afford to loose, this is good enough for inevsting the money into Bitcoin in roder to earn more profits.

I consider more important something like "Strong hands are not selling". Buying in bear market, in my opinion, is way easier than to no to sell. We find way more weak hands being liquidated in bear markets than strong hands not buying in the same conditions? :) BTCBTC

people who engage in buying Bitcoin are people who understand the movement of Bitcoin in the next two years of bitcoin will stay. From my point of view bitcoin people  who is investing for Bitcoin now knows what it will result out next year and next two years for the values, that is the case why people is interested for buying Bitcoin for future purpose and future reference. If theis is Money i will buy more Bitcoin because i will know the way of getting it back if it rise

This is commonly done by real holders. In this bearish market, holders of Bitcoin will buy more BTC and keep holding until their price target is fulfilled. Moreover, a bear market is a right moment to add more assets. It is not only about how strong we can buy but also how strong we can hold the cons, how strong our emotional controls in facing this current marketin which very unpredictable.

If you've experience a bear market already before, you will easily overcome the tempt of selling under this current market condition. You know that it will go up again and all you need to do is ignore the fuds and accumulate as much you can before this market cycle ends. If those big personalities are buying then this is also an opportunity for small investors to become a millionaire on the next bull run.

I think that this can be interpreted as a signal. But despite this, do not forget that even such experienced traders have disagreements.

Well, if you want to stay longer in crypto market like all those strong hands do,  then always follow their movement in crypto. And right now, strong hands are taking advantage on the market while bitcoin price is certainly cheap. Indeed, this is a time for accumulation while seeing the market value continue to drop. However, not all have managed to endure the pressure and stress, others are tempted to sell at a loss.

People who is buying bitcoin now the people that does the value of bitcoin and people that hold a lot of Bitcoin they are buying it for their own benefit because the one bitcoin to go up so that they will be able to sell off their own coins so I believe that such investors know the potentiality of Bitcoin so everyone who won bitcoin to go or can put money into it so that the price will go up from where it is because the longer the the bearish market is the hound the Lost investors lose their money in cryptocurrency

Buying right now is not a new idea. Plenty of people did this during 2018 as well and there were a few who did it during 2015 as well. When the price goes down, you buy and that happens for the past 30 years in stock market, hence why it's not a shocking thing. I have to say that it's not really a situation where we have to adjust or learn or anything like that because we are already aware of it.

Sure, there could be some people who do not know this yet, but that's their problem, the market is aware of it. You think the price is low and not enough people are buying? They do, they just do it over course of time in order to not bother the market and price wouldn't go up. Because, they may want to do it again.

Strong hand had been accumulating for more than half a year now during this Bear market.  So it is not news that strong hands are buying. 


The market is still in bear market sentiment so there is always a possibility that the price will decline in the next months until the market transitions to Bullish.  I also agree, the current price of Bitcoin is still a discounted price to buy them.


These retail investors are guided by hypes, so they thought that Bitcoin will continuously surge without a break.  So when Bitcoin stops from surging and started to correct its market, they are the first ones to sell and those strong hands are the ones buying it from them.

Not only experienced traders. But almost everyone always has a different opinion and that is based on the experience of each person because everyone also has different experiences so it is natural that their opinions are also different. But if it's about a strong hand buying, then several people with different professions could also fall into this category so it's not only traders who have to be seen, but the large number of investors and cryptocurrency collectors I think should also be seen.

I hope everyone has the ability to buy 80btc, its value is also 1.520M$ and take note, that is not an insignificant amount, and that also helped somehow in raising the value of Bitcoin in the market. Then I'm also sure that there are other rich people around the world who have bought bitcoins that are bigger than that, that's for sure. In short, I am no longer surprised by such news regarding bitcoin. I mean, that's normal for bitcoin fans like me.


Probably not, of course, no rich person will buy a huge amount if he doesn't do a thorough research on bitcoin first at least. It's only in our time that many people are really aware of digital currency such as Bitcoin, especially among the rich people around the world. Especially since we are currently in a bear market where many will take advantage of this opportunity.

In summary, some people invest and buy coins for some reasons while others regret and decline the opportunity for some reasons as well.
It is about choosing our wants and the life we want in the future while others are afraid to take risks but some do.

That is right, strong hands will buy, while weak hands keep doubted and afraid. And you know what, only risk-takers will benefit from the bear market, a pity to those who never see it.

it is nice this discussion was raised. This period ought to be the  best time for investment and only the wise, smart and sharp investor know this strategy and investment secret. This is bear market and this happens to be the best time to load your bags as an investor. many people are currently at loss as a result of this market decline, FUD and other activities which basically affect the crypto trading so therefore causes a downward trend in price action which doesn't favor the crypto market in anyway. this occurrences causes panic sellers to sell while the diamond hands bag more and keep enlarging their bags. These diamond hands are otherwise called strong hands as earlier mention by the OP so therefore no season or occurrences  on blockchain the would cause them t panic.

Strong Hands buy - ok, but it always depends on how much money you have. In Africa, there are maybe many strong hands, but they do not have so much money as people in Europe. And when I look at countries and their inflation, I think there are many who don't see their value in Bitcoin, because BTC has droped very strongly this year. I'm sure we all know better, but many people don't own Bitcoins. Is it less than 3% of all the people in the world?

Those who are afraid to take risks will never get what they want. All decisions will have risks, the only difference is the level of risk that will occur. Those who buy Bitcoin certainly have the risk of losing its value quickly because Bitcoin is very volatile, but behind this risk there will be benefits to be had if the price of bitcoin continues to strengthen. It's just a matter of trust and a choice that will determine our destiny in the future.

As Nayib Bukele did, as the president of El Salvador who believes in Bitcoin and continues to make bitcoin purchases, he has a strong hand to continue buying and continue to accumulate bitcoin purchases made, in time EL Salvador will benefit from the investment.

The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.

@CryptSafe, you do not need to quote the whole wall of text to make your reply. If it is so important that you needed to quote the whole wall of text, I recommend you read these topics

• https://bitcointalk.org/index.php?topic=5148327.0
• https://bitcointalk.org/index.php?topic=3749076
• https://bitcointalk.org/index.php?topic=4667594.0

This is a recurrent event. New entrants, weak hands, short term traders have sold at a loss. Strong hands are buying the dip and I don't think it has anything to do with risk-taking because they have been hodling for since 2020. I think it has more to do with their grabbing the opportunity, the unwavering faith, confidence and hope in bitcoin.

Different heads must have different thoughts, indeed, in this case, everyone has their own point of view in buying or selling because this is something very reasonable.
But indeed in this case their goal is still the same even though the reasons behind it are different.
In this case, it is clear that there are some things that will be very difficult to deny apart from a strong hand which is now certain that they will buy and wait but indeed in this case it must be paid attention so that we do not become a weak hand if we already have a strong hold, don't let it missed.

Obviously, because those who dare to realize their desires will always win even if they have to play with big risks. And those who very often reason not to buy are the ones who get nothing but watching other people take profits when the market is no longer bearish.

It's always difficult to convince everyone to buy as much as possible when bear conditions in the market occur. But people who are already very optimistic and willing to take advantage of the bear opportunities in the market will always have good results when it is time to sell.

Over proud expected when entering investment with bitcoin on higher price and make them blame how bad thing happen later, exactly with beginner and first time know about bitcoin after seeing many investor reach much profit, they don't know when the expert investor entry and buy back bitcoin, but many people actually with new investor made mistake when investing. Right now many of them realize what happening with bitcoin investment after price drop. Can't be strong hands with bitcoin investment when entering with expensive values because you don't have other source or passive income, maybe different what did by El Savador president because he still have other fund for investing again in bitcoin when price drop.

The case of El Salvador is somewhat different, for me Bukele is a man worthy of admiration because he has withstood much criticism from everyone, in the countries, in different organizations they have turned their back on him just because he believed in bitcoin, his own people he has turned his back and that some bitcoin reaches know, I hope that bitcoin rises, not only so that things go well for him, but also to show those who are unbelievers of bitcoin that this is the safest currency and action that can change their lives.

The story is different, because the President Nayib Bukele have taken an action that is completely against the thoughts of most of the users. Many opposed the decision of Nayib Bukele announcing Bitcoin the legal tender, but he's strong in his decision and started working on it. Even now when the market dropped down to $19k he made a buy of 80BTC

Many people have abandoned cryptocurrency since it is started having a bad market movement but now bitcoin our flag out 400 red colour to green colour people are going back to value it again so what causes bitcoin to rise this time special investors who enter into the market to make sure that then break up the life of Bitcoin by pumping their money into the life of Bitcoin

DCA continues to be used and is becoming very effective in a market like this. so that the market moments that go down and up are still profitable.
if now we see a potential decline in bitcoin it looks like it will happen again. but this has actually opened up new opportunities to start accumulating again. either with the DCA technique or without it. I myself continue to accumulate and wait for every support below. and lucky in the last month I have accumulated from 17k, 18k, 19k, 20k. and now i am waiting for btc to return to my accumulation area.

I have a paper hand and am weak when it comes to altcoins. But when it comes to bitcoin then I become a strong hand to hold. because every drop is a golden opportunity to keep collecting for me.

even TRON is rumored to be accumulating BTC that has been sold by Tesla.
as shown in this picture.

https://i.imgur.com/x1wZH9s.jpeg

So, relax and enjoy this moment!

With the increase in bitcoin later, of course, it will certainly provide positive sentiment, especially for those who are pessimistic about bitcoin, that way bitcoin will become a trending topic around the world, and this will bring new investors into the crypto world, and it is hoped that they will study it first before deciding to invest. invest, that way the crypto world will grow rapidly and what we hope can be more easily achieved, at least 25% of the world's population adopts it will certainly have a tremendous effect

Lol they are not usually abandoning bitcoin instead they are just waiting for another timing , not unless you are pointing to those greed newbies that thought this will make them rich and then wrongly because instead of easy money? they earn easy losses.
because the true bitcoin or altcoin supporters?
only wanted to increase their holding by selling when the market is dumping and wait for another bottom then purchase again to wait for bull.

Yeah I think that's good because with the DCA technique we can accumulate well, especially when the price is going down again, there are other predictions that bitcoin will continue to fall but it is very important with the DCA that we have implemented, of course at low prices we can accumulate well.
You've hit rock bottom so it's going to be a good average even if it's down again but consistently it's a good time for DCA.

Never be strong on altcoins which in essence will be bad, but indeed bitcoin can be a strong hand because there are big dreams in the future, that's why the DCA technique is applied for the future.

it's all because of the money you have that is beyond their second thought makes it termed strong hand, this could not be an ordinary hand, the meaning weigh much than it's just been said, wealth are in categories, no matter how small the interest on each buy is when sum up together it will turn to a big and reasonable amount, why this happens is because of the huge amount of money invested on it.


there are, they may just be few and the few ones almost invest wrong all.

You could always have the option whenever you do have the money to spent or invest on which means that you are really that capable on doing so or simply talks about being versatile on different conditions.
Yes,DCA is very common but only a few could able to handle such accumulation because not all does have that big funds on purchasing whenever the market declines even further.It would really be a never
ending chase but we know that on a market if there's price decline then there would be always a recovery.It is really good for TRON DAO reserve on having this consideration even though
it might not really be giving some effects on big time just like on what Elon did but they did really make a good decisions on accumulating those coins in equal on whats been sold.

I think that it is important to point out that each of us needs to attempt to consider our BTC accumulation strategy in terms of our own situation, and even though there are going to be many people with more financial resources than us, we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks. 

In other words bitcoin remains amongst the best of asymmetric bets to the upside that we currently have available to us whether we have a lot of resources or even if we have few resources, we can figure out an investment proportionality that works for us to get some stake into bitcoin and to reasonably and perhaps even aggressively invest into bitcoin within our own parameters.  Historically, poor people have not been able to buy good investments because many of them either require a lot of capital upfront or even that you have a lot of cashflow to be eligible to invest, including investing in real estate.

With bitcoin, you can get into it with even a smaller budget and still end up advantage by being into bitcoin so long as you have a longer time horizon of 4-10 years or longer.

Personally, I believe that Dollar cost averaging (DCA) is the best of the accumulation techniques that does not depend upon price, even though you are able to purchase more BTC when the price is down, but you can never really know for sure if the BTC price has reached its bottom.

DCA can be supplemented by buying on the dip and lump sum investing, and sure there might be reasons to consider holding some money back to buy on dips, but we have to be careful also in terms of our getting too greedy because we already have a dip that has been in the 70% price arena and a BTC price range that is lingering below the 200-week moving average for several weeks.  Right now the 200-week moving average is $22,730. (https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/)

Other members have mentioned that BTC is the ONLY crypto investment in which DCA is applicable, and that is largely true ... because bitcoin has passed the test of being a long term investment for 4-10 years or longer, and even though there are not guarantees, there are still decently high chances that BTC prices are going to be higher than they are today 4-10 years or farther into the future, and if you continue to DCA invest into BTC, it is quite likely that 4-10 years or more after you have stopped buying BTC, its price will be higher than any of the times that you had bought it previously... but also better chances if 4 years or longer.. which the 200-week moving average represents that average BTC price (based on trade volume) over the past 4 years, and is showing us that it is quite rare that we are experiencing BTC prices below it for any length of time.

There are no other coins (aka altcoins, shitcoins) that can be assessed to even be close to being into the same category as bitcoin in order to justify ongoing DCA into it and a certain level of confidence regarding the strength of such ongoing investment into BTC... even though there are no guarantees and even though it is possible that you might be able to study up upon some shitcoin and assess it to have long term fundamental value.. perhaps? perhaps?  Even if you come to such assessment about some other asset, I would be careful to not discount ongoingly investing into BTC with the vast majority of any of your total investments into crypto.. in terms of thinking about the upside and the downside (which includes rug pulls and other shenanigans that all of the shitcoins seem to have within their future.. its just a matter of when.. including but not limited to that shitcoin called ethereum.. and their smoke and mirror delusional POS nonsense.. that could get rug pulled at any time.. but could take many years as well).


You seem to be mixing up DCA with buying on dips.

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC.  Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

You can supplement your DCA strategy with buying on dips... and so save some money for buying on dips (that is optional, and we cannot be sure if more dip will happen or not, but of course, you can set up your dip parameters too.. which should be a different budget than your DCA which is just an ongoing amount.. $100 per week, $10 per week, or whatever amount that might seem feasible for your budget and having your regular expenses covered including have reserves for emergency expenses, too).



As a general principle, Fuck shitcoins, including Tron or any other shitcoin other than Bitcoin.. unless you have a plan to just get in and out of such shitcoin... if you have a plan to have long-term investments, then most of what you should be into is bitcoin (maybe at least 90% of your total investements into crypto as a minimum.. and yeah, maybe you can dabble with various shitcoins with no more than 10% of your crypto holdings, absent some special knowledge that you might have about some project, which then is suspect unless you happen to be an insider scammer).  And, don't go by what weak-handed Elon did either. Elon does not seem to know what bitcoin is as compared with his getting distracted with shitcoins. He might be an example of what not to do.. hahahaha.. if you want to go by anyone, go by michael saylor, but you have to be careful with Saylor too.. because saylor has a good cashflow that he can service and even go into debt in terms of buying bitcoin, and some people do not have such cashflows like saylor has (except maybe on a smaller scale, but not the negotiating power that he has, also. to negotiate terms of debt.. so have to be careful with too much debt unless you have sufficient and adequate cashflow to cover the servicing of the debt no matter which way the BTC price goes.).

Sadly this is the inverse of the typical Bitcoin entry story. If you're new, all you see is price, you don't understand the tech and its potential. Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.

Everyone pays their tuition in Bitcoin, it's a rite of passage. We all lost a heap when we first entered the space but we stay, learn and build. The next wave of newcomers won't arrive until it's too late and they'll all lose money; that's just the way it'll be for many more cycles.

I had a completely opposite experience which is why I cannot agree with you. I came here after the 2014 crash and it was the bear market that made the news at the time and got me interested. I did not see it as the end but an opportunity. We can't generalize. In every bear market some people will be scared and others confident. I also don't think we have to lose money to learn. Many Bitcoiners especially those who mined in 2010-2013 were never at a loss.

I agree with you on this. Your strategy for accumulating and holding bitcoin is yours and may not be applicable to the next person. There are folks out there with either a greater financial capacity or a very low financial capacity and you obviously can’t expect the folks in the two groups to have the same strategy or capacity to buy and hold bitcoin. Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

Yes it is very common in crypto market everyone wants to hold Bitcoin but can not. It becomes very difficult to hold on, especially for those who are small investors. When Bitcoin is in a bull market, everyone gets returns quickly, but when a bear market lasts for a while, it has a big impact on small investors and many are forced to give up their holdings.

that's a welcome idea, many fall into a trial by error idea, some lack the proper planning strategies, some cannot even lay priority right in differenciating between wants and needs, quite alright bitcoin has it own pattern that needed to be learned, it's not all about making just an investment in bitcoin, but the strategy use, timing, speculation on price and the investment plan adopted, that's why lots of efforts are needed to safeguard the decision made to invest on bitcoin, those whales we are seing aren't just pulling out their funds in buying, they follow due plans.


using dollar cost averaging technique is also a good way one can adopt when considering buying with a strong hand as said earlier, there are things that just don't happen on a neutral level, it has to be from the effect of our influence and contributory efforts, just as JayJuanGee said, one can leave another fragments of funds behind just for in case of buying the dip.


The real truth here is that both the bear and bull time are good point of entry but what determines the difference is your own personal interest and plan or let me say strategy to use, if you're investing onna long term, definitely buying the dip will be advisable, but if investing on a short time which is common to bitcoin traders then one can take an entry point even when high, they can predict more high and realise profit but withing a short time range.

Mindset - if we think it was hard, not to wonder why we can't wait for the next Bullrun but had sold them earlier. It was very usual words to hear about HOLD, HOLD but unfortunately, only a few are committed to doing it, some have some reason which is quite understandable.

Moreover, it was being said that not all investors are long-term holders, many are short-term investors which just vanished when bear season comes and then just come back during the bull season.

There should be no need to mix it up with the DCA that is applied, we must focus on our routine, not in terms of the price of BTC falling for DCA.
I already have a monthly and not weekly plan because I have assumed that monthly needs with DCA are a good way for me to keep my needs met, it's not a burden, even though it's not big, but there will be a good average value of the month, it depends on how needs every month for us.
By completing the DCA strategy, I will set it up to a price of $50k (optional) but I want it to continue so that there will be no break for a period of 4-5 years.

I have a somewhat standardize talking point about this topic of how each of us should attempt to tailorize their investment into bitcoin, in terms of studying themselves, and individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small (or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

The first considerations on the above list are more basic, and the later ones on the list are more advance, so of course, on a personal level, I have frequently striven to get the basics in order before getting into the more advanced techniques.

Like you mentioned, a poor person would not be precluded in terms of investing into bitcoin, but would merely need to consider how to manage a reduced position size.. which could be $10 per week, or maybe even way less than that... Poor people have to be careful in terms of over investing because no one should be in a position in which s/he has to withdraw any portion of his/her investment into bitcoin that is at a time that is completely of his/her own choosing - which also means that there needs to be some ability to have their finances sufficiently in order so that they are not investing money into bitcoin that they need for their cashflow and their expenses and also including possible emergencies that might come up.


If you cannot hold onto your bitcoin, then you likely have overinvested.. So if you cannot handle something as low as $10 per week, then you might have to go down to $10 per month.. and then once you figure out how to live without tapping into your $10 per month you can work your way to higher investment levels of maybe $10 per week and maybe even later $100 per week.. and in that regard, if you only should be investing $10 per month because you do not have your financial matters in order, then you better not be investing more than that... until you get your shit together.

Yes.. bear markets might last 3-6 months, but they might end up lasting 3-6 years, so there is a need to be prepared for either scenario and to have an investment plan that attempts to NOT overinvest, but at the same time, it is great to invest in a sufficiently aggressive and assertive manner that is within reasonable and prudent assessments of your finances... including considering the matters I listed above in response to harapan.


There can be a variety of ways that you could set up your DCA in terms of your cashflow - when you get paid and maybe even attempting to account for a variety of uncertainties in your cashflow and even expenses.

For years, I have had a tendency to project my cashflow out for a couple of years (using an excel spread sheet), and it can be more important (helpful) to project out for longer periods when there are possible complications in your cashflow, expenses and investment goals that you want to attempt to plug into your cashflow projection.

So you could have a kind of worse case scenario figured out that you would project that you would invest $10 per week into bitcoin (and of course, it makes sense that some of this might be more reasonably framed in terms of monthly), and so if the whole month ends up going well, then you might be able to inject more into your BTC investment for that month because your cashflow might have ended up being higher and/or your expenses might have ended up being lower, so then you can end up folding the excess into bitcoin.. but only after you have pretty much cleared the month or assured that you have the short term sufficiently covered, and you know that you had exceeded your expectations for that month.  Some months might have higher levels than others, but you may also have a kind of budget that attempts to maintain a base level - such as $10 per week on average to invest into bitcoin, and of course people with higher cashflows and/or lower expenses might be able to establish a higher base level and to see that they still have cushion cashflow reserves in their budget that might be projected out for a couple of years but have more attention paid to the shorter time frames in which bills are coming due and assessments can be made about whether cashflows expectations have been met.

This is true, that's why I research more often then tolerate risk and change strategies a bit from time to time when trading in the market with Bitcoin. Because when Bitcoin starts to correct and fall, I am always more convinced that Bitcoin will rise again so that makes me have to reorganize my strategy and research more news from time to time.

Yes, it is very clear because without investing in something that makes sense like in the Bitcoin example, there will be no increase in income in life except for passive income earned through daily work. That's why I'm making two very reasonable investments right now (Bitcoin and Gold).

In terms of tweaking your BTC investment strategy, you should not have to be tweaking on an ongoing basis.  For example, you establish an initial investing approach that might involve DCA, buying on dip and lump sum investing.  So if you are in the early stages of BTC accumulation, maybe you establish a 6 month budget that would involve figuring out some apportion of your budget, and if your budget is to invest $9k over 6 months for example, then maybe you would lump sum buy with $3k right away, and then you would allocate $3k for DCA ($115 per week for 26 weeks) and $3k for buying on dips (and set your quantity of BTC to buy at each dip price point.

Then perhaps when the end of the 6 months comes, you would reassess your strategy at that time and decide what you are going to do for the next 6 months.

In other words, you should not have to reassess based on the BTC price going up or down because your initial BTC investing plan should already account for the possibilities of up or down.. mostly.


The idea of passive income is the kind of income that is earned without working, but instead you earn it by investing and then earning interest, or maybe having an investment of $1 million and then withdrawing from the investment at about 4% per year - which would be considered a kind of passive income of $40k per year or $3,333 per month.  Work is not considered passive income, but instead active income presuming that you have to engage in some kind of action in order to get paid.


You can invest in whatever you like.. but I would say fuck gold.

Bitcoin largely serves the same purpose as gold (but better) in terms of being a hedge against the dollar (and other fiat systems), and bitcoin is likely 20,000x underpriced as compared with gold.  

In other words, bitcoin is about 1,000x gold's value, but currently bitcoin is priced about 1/20 of gold's market cap.... so even if it could take 150 years or longer for bitcoin to reach its fair market value relative to gold, any of us should be able to recognize and appreciate that it is way better to invest in bitcoin as compared with gold.. so you may well want to consider either dropping gold completely or at least considerably reduce how much you invest into it and mostly concentrate on bitcoin.  Maybe 1/20th invested into gold as compared with bitcoin at most (that would be 5% in gold as compared with bitcoin.. at most)..

Based on what is happening right now in the crypto market, show that the price of Bitcoin will not decrease more than $20,000 before it will move higher for people to feel bullish season in the community. It's a good choice for you to buy more of bitcoins because it will be difficult for people to see this kind of opportunity before the end of this year 2022, and anyone who can embrace this opportunity to buy more and hold till the price move higher will really make a good profits . Am about to enter the crypto market to buy more because the price will definitely increase higher before the end of next month for those that invested to have something good to achieve.

To calculate my cash flow in terms of monthly income and later expenses I have projected it in a document (spreadsheet) from the beginning of the DCA that was applied, everything will be recorded in detail so that I know everything that has been done in this typical monthly flow is important so I do it's probably the same as you.
Well every long-term investment must have a record in it so that we can calculate it easily.

So even though the scenario has been pre-arranged, the initial monthly DCA investment income is maybe if my cash flow is stable I can project weekly or biweekly, whatever it is that has been generated during my monthly work, I think this will not last long it becomes stable, of course there are bad things, but with the notes in the (spreadsheet) I know my investment income with the planned annual DCA.

I believe nit all hands are equal when it comes to investment rate people take on bitcoin, but it has to be reminded that the principle of the higher the value invested the higher the profit anticipated to realize with the condition of over a long time investment, and also we must not be one sided because no amount is too small for an investment and these two cases needed to be clarified well enough without leaving anything behind.


Ensure you maintain that strong hand by only investing on bitcoin and remain strong. Nothing is sure with other cryptos than weaker limbs.

Of the many long-winded discussions related to DCA, for me the sentences in bold are clear, straightforward, simple, easy to understand and beginners will easily interpret DCA as a whole. Buy regularly, and whatever the current Bitcoin price is. Then we will look at the various advantages of each calculation. And you explained it very clearly. ;)

Bitcoin is unquestionable for the DCA method, apart from being tested, with DCA never hearing of anyone losing Bitcoin.

I noticed that the more the people are buying cryptocurrency is the more the increment cryptocurrency is going up so I believe that we need more investors to come into cryptocurrency so that the price of Bitcoin will rise. I believe that cryptocurrency need more of buyers to bring it up again and also attract more people

Those who have a lot of capital can of course do anything without hesitation. They can buy Bitcoin with proper analysis. Even though the price changes are not as beautiful as expected, of course they can still survive. This is clearly seen by those traders who buy Bitcoin in quantities at the right price. I think in a short time he already got a bigger profit. But what about those who are hesitant in making a decision to buy Bitcoin. Of course it will not be obtained. Everyone in this forum agrees with the future of Bitcoin which will reach the moon. The problem is not in the belief, but in the capital and basic needs. We have to prepare capital and continue to buy Bitcoin and hold it for the long term. I am sure with this method we will succeed in getting bigger profits.

Regarding your last sentence, so far in bitcoin's history, it would have been difficult to lose money if you are ONLY DCAing and you had been in bitcoin for 4-10 years or longer... however, we should attempt to caveat such a statement in a couple of ways, such as understanding that even within the employment of DCA there can be various ways to carry it out in terms of either front loading the investment by investing larger amounts in earlier stages, or maintaining some flat amount and then supplementing it from time to time with further buys on dip.. or maybe by increasing the DCA amounts as income levels (cashflow goes up and/or other expenses go down), so if there had been some dramatic changes in cashflow in recent times, then for sure someone could be in the hole in terms of whether they are in profits or not, even if they had been DCAing for a while (even more than 4 years)..

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.  We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.


Hopefully you are not so distracted as to be investing into shitcoins.

In other words, who gives any shits about "cryptocurrencies"?  Seems like a big distraction and gambling event to me if you are having to use the term "cryptocurrency" 4 times in your above post and you only use the term bitcoin once...

At the same time, I hardly even know what you mean when you use such term "cryptocurrency," and I doubt that it even matters very much if you think that there is such a thing that is worthy of being discussed with such vagueness and without pointing a wee bit moar better to what you are referring.

You are the best and really understand those details. I got a lot of unknown things. Thanks for straightening out, as many of us are sometimes confused and overly aggressive in responding to a relentless bull market. As if just breathing a little in a bear market then back above $20k again. Self-control, allocation of funds, placement of time to put money into bitcoin must be considered very carefully.

Even newbies into bitcoin who try to play the whole matter conservatively and invest for the last couple of years might end up feeling frustrated, because they might even do a lot of the right things such as DCA and buy on dips, but then they end up being way in the red when the BTC price goes dipping down.. so for example, the BTC price went up to $69k, and so buying on dips might have caused a lot of buys in the $50ks and maybe even running out of money by the time the BTC price dipped into the $40ks.. so I agree it is not easy to budget.. and frequently a person can start to believe that s/he is not doing it right... so in that regard I agree.. pacing yourself is good.. and if you just continue to invest into bitcoin over 4-10 years and maybe do not expect to start to withdraw any before many years into the future, you may well end up putting yourself into a very good place financially and psychologically, even though in the early years.. less than 4 years (and maybe even stretching longer than that), you might be feeling as if you are not make progress (even if you are ongoingly stacking sats in ways that you have calculated to be prudently, reasonable and maybe even sufficiently aggressive without trying to become overly aggressive)...

By the way, I did a quickie look at some of your earlier posts in the forum, and surely, even if you have been on the forum for more than 6 years, we might know that it can take a bit of time to figure out both the value of bitcoin and to also to not be getting distracted into various shitcoins along the way.. so yeah, some of those distractions can screw a lot of people up in their bitcoin investing strategies.. so I am not sure at what point in time you started to invest in bitcoin or to get more serious about bitcoin (or if you did?) but I do understand that it can be quite easy to get really distracted by putting money into shitty projects or coins and failing/refusing to adequately solidify a bitcoin position (and understanding) first before getting distracted into the various shitcoins that likely distract you away with misleading talking points.. and perhaps contribute towards causing you to fail to invest into BTC or to under-invest into BTC.

So for example, investing $10 per week into bitcoin for the last 6 years, could have gotten you close to 1 BTC (with about a $3,130 total investment) (https://dcabtc.com?sd=2016-08-01&sda=6_years&f=weekly&d=6_years&ac=1000&c=true).. which from my point of view, would not be a bad place to be.

not only do we need more buying hands in bitcoin but also the selling hands as well just to balance it up which is the implication of what demand and supply means in market economics, bitcoin work by this and create chances for new investors to adopt bitcoin while the holders sells off their holdings, surely the price will rise here because the market is perfect position on the both end, and making profit will be easily achieve, but more factors that makes this said increase in bitcoin price are more than this but the two mentioned were the major ones.


JayJuanGee don't you think the long term investment could do more of benefit than the short or medium as it pose less risk of missing out provided that all the required procedures in acquiring the bitcoin is strictly adhere to, one of which is to buy at dip and wait over a long time before the sale, we have other proceedings as well to having the future secured investing in bitcoin


Doing anything involves taking risk, no business one could venture into that is risk free, no risk no gain but the risk is worth taking since the confidence is high with investment on bitcoin to succeed than failing.

My assumption is not really any different than yours, Dunamisx; however, I was attempting to make the point that there are no guarantees - even though if we research into bitcoin and we can appreciate both what it is providing and appreciate the solid nature of the various network effects and even paradigm shifting contribution of bitcoin, we should be able to recognize and appreciate that bitcoin is likely one of the best wide-spread assymetric bet to the upside opportunities that has been made available to the whole world.. the little guy and the BIG guy, and the fact that it is even available to the little guy makes it an even more amazing opportunity - but still no guarantees.

Of course, BTC price can be manipulated either up or down in the short term for way longer than any of us believe to be possible, and that manipulation does not ONLY come through direct financial tools but it also comes through various kinds of misinformation and disinformation efforts whether those mis/disinformation efforts are coming through governments, financial institutions, status quo rich or through shitcoin pumpers.  We have to be able to recognize and appreciate that some of the manipulation efforts are going to be successful from time to time in the short term, especially, so bearwhales would love to get bitcoin to go down as low as they can get it to go, and they would also like to keep it down there for as long as they can, and they even have some financial tools to attempt their efforts at getting the bitcoin price down and keeping the bitcoin down - but even if they have a variety of tools and sometimes will be able to coordinate some of their downity efforts - they are not always going to be successful, and there are many examples already in bitcoin's history that they have not been successful - and furthermore, just because the players are getting BIGGER and able to throw more money at achieving their efforts, there still is no guarantee that they are going to be successful and some of them are likely to get reckt as fuck in the process of trying to keep bitcoin's price down.

So, yeah, in the short term, we cannot really know.. and in the long term, we are not guaranteed that BTC's price will recover - even though on an individual level it still seems like you better fucking be investing into bitcoin if you have any brains, even though it is not guaranteed to go up.


We are likely on the same page here, too.  Merely because something is risky should not automatically disqualify it in terms of something to invest in; however, it may well affect how much anyone might be willing to invest, and each of us is going to likely come to differing conclusions regarding how much we factor our risk tolerance into our formula in terms of assessing all of our individual factors that we need to be considering when investing into bitcoin.  Individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

 Those who caused FUD are now shock 😲 that BTC did not  drop to $10k as thought, Even if BTC had drop to $10k, that would have been a good buy opportunity for those who knows the true value of BTC. The top crypto influencer who bought 80 BTC @ $19,000 already made $400,000 when BTC Surged to $24,000 few days ago. When the bear market if fully over, BTC will yet be at the top that it has always been.
   

they are yet to see anything, wait till the bullrun begins and they will receive the best surprise of their lives, and this set of haters will sit and watch without investing but will never cease of complaining about fiat currency that makes no difference to the economy.


it can't even go as low as that, consider the last dip rate it went before 2020


Sorry I can't pinpoint the exact point you're bringing out here, maybe you make it such a way that can be understandable to us

In addition to capital as the main thing that must be prepared by everyone who wants to buy Bitcoin, everyone must also have faith in Bitcoin and the future of Bitcoin so that they will never hesitate to buy. Because if there is no belief in Bitcoin and the future of Bitcoin, then someone will not want to use his capital for Bitcoin even though he has a lot of money at this time. So that capital and belief must always be there and must always be balanced so that doubts disappear in everyone who wants to buy Bitcoin.

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 (https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/) and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods.  So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

Indeed, there are many factors that cause people to panic, it could be a lack of knowledge like you said but not a little because indeed the capital placed is just that and no other capital is available. so the behavior to sell so as not to lose a lot and as much as possible a small loss is one solution that can be done. even though we know that by selling at a time like this, it is clear that there will be losses and many whales are waiting to increase their savings. so the lucky ones are those who have been waiting to buy as much as possible from their frantic sales.

That's obvious. Because I also think that those who experience panic selling too often or panic because of price drops are those who do not have sufficient knowledge with crypto and especially with Bitcoin so without thinking, they immediately release their assets at the asking price in the market. So those are the two very basic differences in that.

Some believe this is the best time to buy bitcoins as the price is lowest but some think it is the end. Those who believe the market will rise again are buying more and more in order to make profits in the future. El Savador is really obsessed with bitcoins I guess. Not only is it the first country to legalise bitcoins but also it is buying in this downfall. Hats off!

I browsed through your post history Afterclap, and you make several short and almost meaningless observations.  Some might call them theoretical; others might call them trite... and to me it seems like a BIG, so fucking what? 

Why don't you figure out some kind of a way to tell us what you are doing in comparison to your observations.  Are you just getting started?  or do you just want to make observations because you are waiting to get started?

I frequently will tell people to get the fuck started sooner rather than later, and it will likely start to make more sense to you when you are actively participating.

For sure I recommend to start with bitcoin, but surely some people feel as if they need to learn about shitcoins too.. so cannot really stop people from learning in their own ways, even though I am either not interested in those various shitcoin projects unless there is some kind of a discussion in relationship to bitcoin or a way to tie it into my realizing that you know about bitcoin first in order that you can understand bitcoin's value proposition in order that you might at least be able to appreciate that there is a lot of other projects that may well not be building much if any value unless they are either building on bitcoin or have some kind of a connection to bitcoin, besides being a mere leach off of bitcoin or an attack on bitcoin.

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

Dumping the price of a coin also leads to it's low market cap including it's trading volume. The reason behind a coin dumps is as a result of big whales in the market triggering their sell order on a coin inother to trapped traders. The whole space is all about patience and getting the right entry for position trading. Knowledge is also the key points in the space if one needs to have average passive profits. Acquaintance with proper trading tips also helps reduce loss and increases gain rate.

We had > 400B daily volume in the last drop. With FTX being the biggest player, I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

It is really not a surprise that people could end up working towards buying more during what we call the "accumulation phase" because in the end its the lowest point we have seen in a long time and that is why its easier to buy as of today. Doesn't mean it will make you super rich tomorrow, it will of course take a while before it is high, but it is also a great place to buy and hold. "Strong" is a different word though, I might say rich people, because when you are poor, seeing your investment crashing down is harder,w hen your 5 million dollars become 500k, while you still have 90 million dollars in the bank, its not that hard to have a strong hand.

No one knows if there's gonna be futher liquidation or not but for me I do think that the liquidation is still note yet done,  but we're more closer to the bottom than before.
The number of wallets that are in profit is still like about 50% or more, So until we start to see a lot of this wallets be in lose, that will be the beginning of a bull market.

The best thing ever to do right now is to keep buying as much Bitcoin as we can regardless of the continuous down pressure.

I am not sure if I understand what you are saying exactly hZti because people use the term crypto in a lot of ways, so sometimes it can be helpful to specify what you mean - even though it seems that I largely agree with your overall point that if there is more money coming into various spaces that are tangential to bitcoin, then likely some of that money is likely to flow into bitcoin. 

It does seem that we are also going through somewhat confusing kinds of times around now with a lot of various projects blowing up because there is overlap with various fiat systems and also with various shitcoin projects in which value gets created out of thin air and then might either blow up (disappear) completely or some of that value might get transferred into projects, assets or currencies that are able to retain their value.

There have been some expressions (presumptions) (and maybe you are suggesting this hZti?)  that "everything is good for bitcoin."  However, when value is robbed or created out of nowhere or is transferred through seemingly fraudulent mechanisms and practices, then there can be questions about whether some of those things are "good for bitcoin" or if they might even be ways to attempt to purposefully attack bitcoin, even though I remain reluctant to subscribe to any theories in which all the bad guys are coordinating because sometimes there might be various coordinated attacks or coordinated attack attempts, but sometimes there may well just be opportunism going on.. and it cannot alway be known the extent to which coordination was happening or up until what levels.


I doubt that this topic is specifically about trading, even though it does imply that some bottoming might have been taking place - which surely is a far from certain in terms of figuring out where is the bottom.  And also this thread is about bitcoin.. not about "a coin."  There are a lot of coins out there.. and a lot of shitcoins, so we can go all over the place with the topic if we try to figure out various possible entry points for a variety of shitcoins - and yeah sure, many of us likely understand that a lot of the shitcoins are somewhat attempting to coordinate their pumps and their dumps with various bitcoin cycle happenings.. but still, what are we talking about when we mention what "a coin" is doing?   Are we talking about bitcoin or some other coin?  And if we are talking about some other coin, then likely we are off topic, unless we are somehow attempting to describe how that might relate to bitcoin or the extent that "a coin" - other than bitcoin is relevant here?


Hm?  Tell me more.  You have been registered here almost as long as me, so there are a variety of ways that you could have been accumulating BTC in the past more than 7 years... Of course, I am not disagreeing in regards to the BTC price being at historical low levels, but how can we tell that it is a good time to buy.. also, there may be some of us who have been buying all the way down from $69k until now, and then what happens if we run out of money to buy more?  Sure some folks have cash flow and some do not..


I doubt that strong has to do so much with how much money that you have, but surely there could be some truth that someone who had $9million in the bank versus $5million versus $500k will be thinking about these matters differently, and some of these guys are going to be able to afford to be sufficiently diversified into a variety of assets - but also maybe the question is about whether you are in a building stage of your assets versus if you are more established - either way, you could be a "strong hand" if you have figured out ways to approach your investments in ways that are suitable to your situation..

and maybe not putting too much of your networth, principle or value into one asset class - even though in the earliest stages of investing it is likely more practical to start out investing into one asset class and frequently it will not really be a good idea to diversify too much too soon in your investment career.. and when I am referring to diversifying, I am not necessarily recommending that there is value in diversifying within the crypto space beyond bitcoin.. .. so yeah, if you are early in your investment career, you might be happy to be able to accumulate bitcoin at a lower price, but if you have accumulated some bitcoin but you are still kind of early in terms of building your investment portfolio you might be more stressed than someone who has been able to build various cushions- not even presuming that everyone who is rich was born with cushions because there can be quite a bit of variation in starting points, including advantages that some people might have with already having investing cushions in the beginning of their investing career/practices.


You are full of shit if you believe that there is some kind of need for more wallets to NOT be in profits in order for the bottom to be in.  It could have well been the case that the bottom could have been in in May when we were in the UPper $30ks... It was also quite possible that the bottom could have been in around the 200  week moving average (which is now around $24k), and it would have been possible for the bottom to have been in within 20-30% below the 200-week moving average... but it wasn't.. and so now the BTC prices are quite lower, and the bottom may be in, and it might not be in... So there is no need for further down in order for up to happen.. it just cannot be known with any kind of certainty when the bottom is in, even though we might know about some factors, indicators or even background information that suggests to us which way we might believe the BTC price is more likely to go.. but we cannot really know what is going to happen until after it happens.


Cannot really disagree that we are historically low prices... and that BTC fundamentals are still strong, even though there could still be a decent amount of ongoing negative price pressures that still need to work themselves out.

Great example! I used to know one person who was engaged in MLM (multi level marketing), he did not always have good results, but he always blindly believed in success. Once I spoke to him and asked where you have so much strength and faith that you will succeed, and he answered me that new people always appear, every year young people graduate from schools, colleges, they look for work, dream and want to achieve something In this life. And if I can't build my structure with the people I'm talking to now, then I'll build it with new people in a few years.

I think that this can be applied to bitcoin too, every year more and more people learn about it, every year there will be more people who are willing to own any part of it and in the end we will only have to wait until the moment comes when its price is again will start to grow.

In fact, I am one of those guys, I don't have any "cash flow" because bitcoin is the only currency I use. Never had a work that paid out Fiat currency. Like the saying states, time in the market is more important than timing the market. I am not much into short time speculation/profits, for me bitcoin, at Its core, is a currency rather than an investment vehicle, in opposition to what the majority of the world thinks right now.

With this being said, I still decided to give my opinion, as I am getting similar vibes to 2018 bear market and I feel, the market could have bottomed already. Shitcoiners are leaving, leveraged players are getting rekt, retailer lost trust, media is celebrating the bitcoin death, we are seeing miner fud for the third time in eight years, media still refuses to understand what a difficulty adjustment is... From my perspective, the reasons for the price drop are people just not understanding bitcoin yet.

I only focus on fundamentals, no matter what. And the truth is, to date, bitcoin is the purest form of money. Decentralized money ideas exist from 80s (crypto anarchist manifesto) and ideas cannot be destroyed, only improved. It is certain that eventually the idea of decentralized money will succeed and give us back the power governments and bankers have stolen from us, with bitcoin having the highest chance to lead this revolution. The "industry" being full of shit, does not invalidate any of the good things we already have.

In conclusion, having in consideration the fundamentals, and the USD situation getting worse and worse every year, with bitcoin being at 16k ish and the whales buying all the way down, I think allocating a percentage of your portfolio to bitcoin is a responsible and smart thing to do. Despite what recent price action tell us, bitcoin is a great hedge, because It will continue to exist forever, unlike the USD. I highly doubt It will continue on going down. Can't be certain as markets are irrational, but whatever happens, I want to be part of this.

There is no strong hand buying Bitcoin because Bitcoin does not read recognise anybody it is when the investors of cryptocurrency directly to bitcoin is larger or higher it is when the technology of the market of Bitcoin change shape but people does not understand it in that way so I believe that cryptocurrency have its own way of having inclement

We likely need to keep in mind that frequently there can be a difference between items that might be highly marketed and items that actually have substance, so part of the ongoing battle with bitcoin seems to be that it has strong fundamentals and likely substance in terms of various aspects of its utility to have the ability of individuals to be self sovereign with their money and also likelihood to hold and increase in value in the long run - while at the same time, a lot of the bitcoin imitators rely heavily on marketing and the perception of value - contributing to confusion in a variety of ways - including that frequently very smart folks are likely getting behind pump and dump shitcoins (and vaporware) that sound good on paper but they frequently are not developed but instead meant to take advantage of people... which causes additional confusion regarding the extent to which bitcoin differs from the snake oil products.

In other words, networking effects do contribute to bitcoin's ongoing growth - but at the same time can be used by scam products to give the appearance of both growth and value.. when there may well not be any substance behind some of the products that appear to be adding value.


On a personal level, your situation does not seem to be very broadly applicable, and I have trouble figuring out what you mean exactly.  I am not saying that your approach is not practical because it may well be very well suited to your situation.

However, the vast majority of folks either have some kind of a fiat cash flow or maybe they have an income in bitcoin and have to convert a decent amount of that to fiat, so there still well be some need to be some balance in terms of figuring out how much fiat to convert and whether to convert some of it in advance and also how much risk there might be if too much bitcoin is held on the balance sheet.  If you are ongoingly experiencing an income in bitcoin that is excessive of any fiat expenses that you have, then yeah you are then in a position to just cash out as much as you need.. even though you might still be concerned about splurging when the BTC price is at high points rather than low points - so even after having had said all of that, it still seems that most of us who hold decent amounts of bitcoin are not going to completely escape from considering strategies that attempt to account for bitcoins volatility and even trying to plan around that.

There are also some people who might be born with considerable wealth cushions, and they learned enough financial skills that they are not putting themselves into financially vulnerable places, but still it seems that even if our own personal position might not be vulnerable to some of the greater bitcoin volatility swings, there still some need to attempt to describe our ways of managing BTC volatility in generally applicable ways.. and I can relate that sometimes I am also accused of lecturing bitcoin strategies to newbies (or to people who are in positions quite different from my own financial/psychological position).



Nothing wrong with that.. and it seems that a lot of us appreciate hearing from guys/gals who have different perspectives, especially if you have been involved with bitcoin for a while.. however, if you start to devolve into shitcoin talk, then that would be another story.


It seems that I agree with every thing that you said there... except your point about shitcoiners are leaving.  One of the BIGGEST of the smoke and mirror Ponzi Rube Goldberg machine shitcoins is Ethereum, and even if it might not suffer as BIG of a dramatic downfall as the FTX baloney, it is likely similar in terms of the magnitude of the value that is captured within that baloney pandering for influence project... that has been way more successful in terms of holding itself up than anyone with any appreciation for its various fakeness and its building on affinity would have expected.

I am not even suggesting that that scam is imminent in terms of its death, even though it seems to somewhat fly in the face of your assertion that "shticoiners are leaving" since that project has been holding its... 0.07-ish peg to bitcoin, and it is likely not even should be valued at 0.007-ish.. .. so that project could keep going many many more years.. perhaps?  unless it is more iminent in dying than I can see... I thought it should have been dead several times in the last 6-7 years, and it keeps plugging along scamming people (while the people they are "scamming" make money - which seems contrary to definition) and even building more ways in which scams can be built on top of the foundational scam...   Perhaps one of the greatest value that Eth and it's various imitators bring to the space is the ability to easily build more kinds of scams.


Fair enough.. No contention with you there.. except maybe just to qualify that I am not going to necessarily presume that progress is perpetually upwards.. so even if there are various aspects in which progress is being made.. and surely bitcoin was a phenomenal break through, there are still new ways in which status quo incumbents are battling in ways that cause a lot of difficulties.. and yeah, maybe in the very long run justice and bitcoin (or something close to bitcoin) will prevail, but I am not even going to presume that the ability to further manipulate down is over.... .. and yeah,.. there is no need to necessarily get into gloomy scenarios, to be able to recognize that bitcoin remains very powerful, even when a lot of ammunition is thrown at it.. and even with a lot of the ways that there have been attempts to fuck with it in similar ways that that fuckery happens with traditional asset classes, and some of those folks are getting their asses handed to them.. when it is found out that they do not have the bitcoin.. and surely some of the bad actors in FTX, Terra/Luna, 3AC, Celsius, Voyager, Blockfi, and some others (and still some who are unknown) were able to escape with more bitcoin than they deserved.. at least so far it seems that some of the bad actors have the bitcoin (or maybe if they transferred value into other asset classes that they are able to keep to themselves unjustly).


Hahahaha.. You are like preaching to the choir there.




P.S.  By the way,  I did a quickie look at your post history, just to see if there might have been some reason that I had not previously noticed any of your posts (not that I can remember), and surely the post you just made is probably close to one of your best posts, if not your best post...  ... In other words, you have quite a few shitty posts in your post history,...... hahahaha.. no problem.. You can do whatever you like..I just thought that I would mention that I did a quickie look.. because I just wanted to see if I might have missed something.. You know sometimes a brand new member comes onto the scene.... and then I see some of his/her posts, and I am like: " '¿holy shit?' where did this person come from?  How did s/he get to be so smart?"  hahahahahaha.. I could mention some names.. but I really don't like to do that.. except to just mention that those kinds of things sometimes have happened to me, for what it's worth?.. ..  . 

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Since this like a big opportunity to hold some Bitcoin, we can buy now at any price and forget about what the Bitcoin price will be soon. This looks like an opportunity for us to hold some tokens so that we can be of an investor. The market will keep moving to any direction that we don't know so we need to be ready to hold and keep our token.

This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.

While falling prices may raise concerns among investors, they can also create opportunities to make purchases for savvy investors.
especially true for investments with prices
You can try buying bitcoins tactically, buying dips, or buying during a bear market. But it's not easy, and you also have to do some serious research and learn about money management and stopping losses.
and however, never be in a position where the market forces you to sell.
And for me now is the right choice to do DCA, and when it goes down you can increase your buying regularly and reduce the amount of buying back when the price reverses. And do it for the long term and still buy with money you can afford to lose, and not with money you need.
do all of that for the long term and be patient until you find a very profitable sell price, and this holds true and works very well for bitcoin.

If you are buying bitcoin, then why would you need to learn about "stop losses"?  That makes no sense.  I agree that you have to likely learn how to manage your money to such an extent that you know how much of a budget that you have to buy.  Regarding the "serious research" I am not sure what you mean by that.  If you have a place that you can buy BTC, then you may need to figure out how much are you going to buy, and then you might need to figure out how you are going to hold your bitcoin.


True.. .. if you are forced to sell, then maybe that means that you bought too much, no?  That means that you have not managed your money/budget very well to make sure that your expenses are sufficiently covered, no?


That is kind of a hybrid of DCA that involves buying on more on dip... sure discretionary to employ hybrid variations of DCA... and whether to consider the dip as being times to buy additional amounts or just to stick with the amount of DCA and the interval period that you have already authorized yourself.


If you are considering the long term then you might not need to determine the sell price until later.. but sure, you could have an alternative plan for selling some on the way up.. Hopefully, you are not suggesting to be fucking around with trading.. or getting out of bitcoin "with a profit" and without any other plan because sometimes it might not be a very good idea to sell too much too soon if there is no other plan besides the fact that the BTC price had gone up.

We are in a bear now so selling is not beneficial but people are advised to hodl. Bear is also an opportunity for the people to buy cryptos because their values are now cheap. Btc is the most trusted crypto, it can last long and its value is also expected to pump higher in the long run so yes we can always buy btc any time even if not in a bear market.

Forgetting the price is a must only if the price goes down right after we buy but we should always take note of the price so that we will know if btc is now rising and it's now time for us to sell our coins. I noticed that mentioned token there but did you know that tokens are different from btc? You can add some tokens in the side if you want to but you should properly do your research since a lot of them are junk.

First of all, investing already implies competent budget planning, and if you properly allocate funds so that you have enough to maintain your standard of living, to cover all expenses, then you will not need to sell bitcoin under any circumstances.

It will be a different amount for everyone, and I don't think it's worth buying more now, buy as much as your investment plan allows you to do. There is no need to try to change something now, because we do not know, maybe tomorrow or in a week the price will be even lower.

Absolutely right, that is why bitcoin has a great future, because it will exist for more than one decade, and not like some unnecessary coins that can be squeezed out in a few years, everyone who understands its advantage will invest in bitcoin. Manipulators are very good at pumping their shitcoins, and there will always be those who wish to use opportunities in this "trap" and maybe even get lucky a few times, but in the end we all know what investing in shitcoins leads to. I once already checked it on myself, I learned the lesson, I don't want to repeat this againe.

Sorry, my communication has not been clear. I am perceiving how lots of shitcoiners already hoarded their USD and left the ecosystem forever. However, scammers will never be 100% out. There will be new scammers very soon.

As you mentioned, Ethereum (and EVM forks) pseudo touring completeness enables blatant scams happening. Scamming is inherent to human nature. Deploying a token has no cost and no risk. Back in the bull run, a teenager deploying 20 tokens per day could easily become a millonaire in a few days. Not to mention by forking a "DeFi" project and throwing some money at CertiK, you'd be perceived as a superhero and attract hundreds of millions of TVL by just copy pasting some code and having a decent communication. I am not even kidding, I witnessed these events. At some point being a solidity developer became unfairly and extremely rewarding.

Today, this is getting harder to do, but creative minds still manage to scam some money. For this reason I don't see ethereum dying any time soon. Only time will punish those who blindly believe in these scams backed by lies.


To be fair, my post history is full of shit. I don't think my bitcoin knowledge has improved a lot among these years, but my communicative skills, my english skills did. I feel ashamed of the low quality of my posts, but I see no reason to start a new account, as I am pseudonymous anyway.

Thanks for the merit, you are the first person to merit me. From now on I'll try to become a valuable member of the comunity.

The price of bitcoin dropped from $69,000 to $16,000.  This is a very strong drop in the price of bitcoin. 

However, are there any fundamental reasons for the fall in the price of the first cryptocurrency? 

Certainly, there are some reasons...

Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased.  There are accusations against Bitcoin that the impact of its mining on the global ecology is negative. 

However, such accusations are largely manipulative in nature.  Bitcoin is a very promising financial asset.  This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity. 

Therefore, in the long term, the price of Bitcoin will rise.  Right now, in my opinion, is a good time to invest in Bitcoin.

Surely it is not easy to describe any one effect that causes price movements, yet even so there are some assessments that are more convincing than what you had outlined above..

In other words, there have been several high level gambling schemes that have come to light in the past 6 months, and the shenanigans of one scheme showed the shenanigans of the other schemes.. in which a lot of them either did not have the bitcoin that they claimed to have or they were overly leveraging bitcoin that they had or lending it out multiple times (which is similar to not having the bitcoin that you claim to have).. or creating fake tokes to appear that you have bitcoin when you don't.. so in some sense there were additional ways in which some large players were gambling or expecting that the BTC price would not fall below certain points, so their finances relied upon the BTC price going up or staying flat but not going down below certain price points.. and in that regard, there has been more and more fall out and downward price momentum that comes from some folks being forced to sell BTC and when others can see those downward BTC price pressures that also contributes to additional downward price pressures, even if other aspects of bitcoin are not broken - while at the same time a lot of excessive gambling has various contagious effects.

Of course, we can list some of the scams and/or major fall out, but we are likely not going to necessarily need to list them all or even describe how they were all related, but in May we had started with the Luna/Terra loss of pegging and the sell pressure and then 3 arrows capital, Celsius, voyager, Blockfi, miners going out of business or suffering from pressures of lower prices and higher hashpower, then FTX and Genesis and also contagion into issues with GBTC and Gemini's earn product.. and potentially other contagions that we do not yet know... and surely within an environment in which the US Fed has been aggressive with its raising of interest rates (tightening of credit markets).

I am not going to proclaim to know everything that contributed to how we got to where we are at...or the extent to which there is additional downward BTC price pressures or how much our correction is over.  The bottom for BTC could be in or it might not be in yet.  On a personal level it remains good practice to attempt to prepare psychologically and financially for either price direction (which seems to always be the better of recommendations).

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Well, also it seems to me that if people are using the term "crypto" when they are either talking about bitcoin, or trying to describe matters beyond bitcoin but related to bitcoin, but still speaking in vagaries by using the term "crypto" or "cryptocurrency", then it seems that they likely do not even understand what bitcoin is if they cannot find the words to incorporate bitcoin into what they are saying.. or at least to clarify why they are using the term "crypto."

I am not opposed to using the term crypto when there is some attempt to clarify what is being discussed - and sometimes the term "crypto" can be used to refer to shitcoins or to various mostly not bitcoin projects such as ICOs, Defi, NFTs or other pump and dump projects maybe even concepts like blockchain, CBDCs, stable coins can also be fit into the "crypto" category, but many times we are going to need to specify what we are talking about - because overall reference to some space as "crypto" fails to provide any kind of real justice.. unless it is being used as a denigration.. even though the fact that crypto could refer to cryptography, then maybe in that sense it is a field in which various mathematical tools and principles are being applied across various projects including bitcoin (not that I am claiming to understand the actual ways of coding or specifics in which cryptography applications contribute to various projects including but not limited to bitcoin)... but even when the term crypto is used in a context in which bitcoin would also fit, there may well be some needs to clarify the extent to which references are being made to bitcoin as well or if bitcoin is not part of such grouping.. so the devil might be in the details regarding if some shitcoin project is being pumped or equated with bitcoin or if there is an attempt to denigrate bitcoin through the context of such usage - so surely, the set up to the use of such terms will at least tend to help to frame how the term is being used and why such term might be a better choice of words for the given context - rather than just vague references or even references that are sloppy or misleading.

That is why it is the best time to accumulate Bitcoin.  Just think of this, today is 2022, the current price of Bitcoin brings us back 4 years ago when price of Bitcoin is around 16k before it rallies to $69k in 2021.


The reason behind is the several centralized crypto company getting bankrupt and the recent FTX bankruptcy just pull a huge influence on the already bleeding market of Bitcoin.

True, it is the best time to buy Bitcoin because of the current price and the possible surge after the halving.  There are lots of predictions that after this bear market, Bitcoin price has a high chance of reaching $100k.  If we look at the Bitcoin price history, Bitcoin has the tendency to explode after the halving and records a new all-time high.  So I believe there is only one direction for Bitcoin after the halving and that is making a new ATH record.


I think to avoid misunderstanding, instead of Crypto or Cryptocurrency, the term used to direct other cryptocurrencies should be altcoin or alternative cryptocurrency.  Since Bitcoin is under the umbrella of the term cryptocurrency, it isn't wrong to say Crypto in place of Bitcoin, besides,  Bitcoin is the icon of Cryptocurrency, IMO

Some altcoins perform good resistance against bad market condition, but most of them just pump and dump. Recently I was trying to do daytrading and I saw that big investors looks like they just playing with some altcoins. They pump for few hours then dump it again, people who have big hope with those altcoins stuck at expensive price and don't have any idea when will the price go up again. Durring this bear market, traders only care about profit, I was learn the chart and realize that people looking for good position and sell it immediately at higher price that predicted before, and using this pattern is very easy to make profit about 9% - 12% every three days. But the price of the altcoin keep fall at the end. But some altcoins are very strong, those investors can't do the same thing to those altcoins. For example is TRX, I don't see pattern like that in this altcoin, TRX price usually goes in line with  Bitcoin price. This altcoin have big chance to grow faster because it seems that it's price will rise when bitcoin price rise and it keep rise when bitcoin price fall because some bitcoin investors will looking for some altcoins to invest as they get profit from bitcoin. There is a note from me, when this altcoin price rise like a rocket just remember that the price will fall again. So don't blindly hope for this coin to surpass bitcoin, it's just like other altcoins but stronger. This is how the market works. Always prepare a good strategy before trading is the best way to avoid loss. That's my opinion.

Yeah.. but $16k was never really any kind of sticking or important price point.  We have a considerable amount of time between about $5k and $9k.. but also surely several times in which the BTC price got above $10k.. and got as high as $13,880.. so yeah. maybe we can say that the relevant price range of 4 years ago largely gravitated between $4.5k and $12.5k.. with a few bounces outside of that range.

So then a question might regard the extent to which we might go back into revisiting any aspect of that previous range  - and surely there have been some pretty heavy liquidity (aka scam/lack of collateral/overleveraging) events that have caused quite a bit of excessive downward BTC price movements - including questions regarding whether current prices are a bargain or if there might be more bargain in bitcoin's near-to-medium term future.


I don't agree.  Sure, if there are ways that you are able to clarify what you are talking about, then you may not get rath from me, and yes, there is so many people throwing out vague references to "crypto" and "cryptocurrency" which has caused a lot of others to be on a similar bandwagon as me.. in terms of trying to get people to specify what the fuck they are talking about.  I tend to not be against any of those terms as long as we know what is being talked, yet frequently the terms are ways to speak loosely, to mislead or to employ subtle insults, digs or even to create false equivalencies, so in the end, you can do what you like, but if you seem to be engaged in the same kinds of ambiguities, then you might either draw attention to yourself or you might end up confusing or misleading your audience.. whether you want to do it or not.  So it is up to you regarding how clear you want to be, and surely sometimes there can be legitimate purposes to be vague or to speak generally.. so sometimes the use of vague and misleading terms will not be essential to other valid points that might be being made (or discussed).


Yeah.. but you are still quite off topic to be going into the area that you were talking about... We are talking about bitcoin in this thread, and if everyone wants to talk about their favorite or least favorite shitcoin to play around with. .then we are devolving into causing headaches.. and not really having any kind of a meaningful discussion that is related to king daddy..  rather than meandering nothingnesses.

It's not too surprising because it's certain that they did that, especially with the buzz from the start they adopted bitcoin, of course they will take advantage of this, but on the other hand, this might also be a kind of strategy by continuing to buy now because we really don't know what will happen at this time, especially with the condition of bitcoin which is very difficult to predict.
But on the other hand, this actually makes me worry too because we know that El Salvador has collected lots of bitcoins now and of course we also know that what we are looking for is profit, hopefully this doesn't come back to attack us in the future.

The opinion you give is not wrong, but I personally always sort out between Bitcoin and other cryptocurrencies because for me Bitcoin is more than any cryptocurrency that exists at the moment and when someone says cryptocurrency without mentioning Bitcoin, I don't think that person is likes Bitcoin because it could be when someone says cryptocurrency is only for altcoins that he likes, not for Bitcoin which is clearly liked by many people.

As you have noted, it is absolutely the right thing to do by buying an holding. This is a bear market which no one knows when it will be over. From what you have said, there is likely some reality in them. This bear market was actually or likely as a result of the clamp down on Miners at first with the impression that Bitcoin mining has a negative side effects on the environment and climate which in the real sense they are anti Bitcoin trying to stop Bitcoin by all means. Not only that the government ban on regulations are another side effects on Bitcoin those countries affected were forced to selloff and it drastically affected the price of Bitcoin too. I strongly believe that the Government's are very much afraid and would want to at any length control the system under the guise of regulations which seems difficult for them. They are loosing grip of the masses which is a big night mare to them.

The more they act the more it affects the market the more strong hands bag more of it. As a smart investor this is the right time to bag more and do not forget to use or invest with funds you can afford to loose.

It is just too funny that those people that are selling their Bitcoin may end up not getting the full opportunity that we have now to hold and wait for the market to move well so that we can make good profits. The market may still go down more but for us that are still holding, we have the opportunity to benefit more when the market goes up.

Strong hands are buying especially for those that have the funds to keep buying and holding till when the bear market will be over, then there will be bigger opportunities waiting for patient holders.

Crypto is the hopeless attempt at copycatting the concept of Bitcoin in hopes they will create something even better. After all these years, Bitcoin is still at the top. Personally I am super ok with Bitcoin being at the top. And crypto itself serves as an everlasting, perpetual reminder that nothing can top Bitcoin. Especially in times when centralized exchanges are showing their real faces. And not only their faces but also the faces of the people standing behind them, waiting greedily with open hands for their share of the loot.

But you are right, this is the Bitcoin forum. Lets not talk about bad investments here.

I guess I am turning into a wee bit of a troll about the topic, because in some sense, I give little shits about whether members choose to use and/or to parrot sloppy language and some folks are having difficulties even placing where king daddy is at in relationship to the various other "related" projects in the space.

I am not even claiming to be any kind of a "bitcoin" genius because it seems to me that bitcoin is quite difficult to know or even to have any concrete senses in regards to whether bitcoin is going to end up being more successful that it already has been....

There is no putting the genie back into the bottle - yet there are still questions the ways in which bitcoin's network effects continue to play out and the extent to which real people are able to figure out what is the prize and to keep their eyes on the prize.. to be able to separate the wheat from the chaff... or to recognize various snake oils and snake oil salesmen and a variety of ways that any of us might be humbled by gambling with bitcoin or some related project.  How much are we investing into bitcoin?  Are we over doing it, under doing it or getting  distracted into "diversifying" too much into various shit projects? 

How well are we managing our risks?  I am not claiming to be perfect in the risk management department either, but I feel that I can still recognize a variety of ways in which I am NOT going to gamble with my limited finances, limited time, limited mental energies and even my abilities to engage in a sufficient amount of critical thinking in order to attempt to understand if I am sufficiently attempting to understand what is bitcoin as compared to various other related projects - which would include attempting to understand if the use of "crypto" or "cryptocurrency" helps me to understand what is bitcoin and how it might compare with "related" projects.  Is there even such a thing as "crypto?"    I hear the term quite frequently... and sometimes, I use the term myself.. but when I hear others use the term, I bet a vast majority of times, I don't know what the fuck they are talking about when using the term... so I am likely going to keep asking for clarification regarding the term.. and some folks will ignore my question, some will attempt to respond, and some will likely not understand why the question was asked.

Sometime during the month of September October, many anonymous entities, individuals transferred $3.12 billion worth of Bitcoins to various wallets.  When the Bitcoin market crossed the $19,000 support line, 166,000 Bitcoins were transferred to various wallets.

Some countries governments already hoarded and still hoarding bitcoin for better market.. here some big investors and holders organisations bitcoin amounts....


China's 194000 BTC
Ukraine 46351 BTC
United States 44000 BTC
Bulgaria 200000 BTC
Salvador 2381 BTC
Finland 1981 BTC
Georgia 66 BTC



Some Global organizations/companies still holding bitcoin

Gray-scale Bitcoin trust 643572 BTC
Riot Blockchain Inc 6827 BTC
Hut 8 mining Corp 8687 BTC
Coinbase Global Inc 9000 BTC
Block .Inc 8027 BTC
Tesla.inc 10725 BTC ( Elon already sold some amounts)


NB: Bulgaria and United States seized respectively 200k and 44k BTC in 2017 and 2015 respectively and kept them for further criminals investigation.

Crypto is the short form of cryptocurrencies and it is seen as all alternative means of payment that was created and operated using encryption algorithms. People perceive crypto as all digital currency that is used to make payments. But for me crypto are other forms of digital currencies after Bitcoin. I feel bitcoin is distinct and should not be classified as crypto because the word crypto has been used and misused. Most fraudulent or scam platforms hide under the term crypto. And the majority of the setbacks bitcoin has encountered are an indirect consequence of the mismanagement of most of these wannabe coins.

I think the current bear run, which is certainly good opportunity to accumulate good coins at low price, will not end soon because the reason behind this negative sentiment is fundamental factors (Inflation, hike in interest rates and Ukraine war) which have affected all financial markets and Bitcoin market doesn't operate in isolation. It does get affected by economic events like stock market. Bitcoin & alts markets. I think if any positive development takes place to end war in Ukraine, then market sentiment will change quickly & funds will start flowing in all financial markets.

Bitcoin is a coin and not a token, tokens operates on other blockchain while coins operates on their own blockchain. Buying Bitcoin at cheap price and trading them for profit can be a good way to invest in the market and also you can do some works to be paid in Bitcoin. Whales knows the importance of buying Bitcoin now that's why they're buying in large quantities because soon Bitcoin will become costly again.

Just do as the strong hands (whales) do and you can profit like then when the market returns to its previous highs or even go pass that. You mightn't have the resources to buy as much as they buy but be sure to buy yourself some fraction of Bitcoin and hold.

It seems to me that a vast majority of the time that I am asking a member "what the fuck are you talking about?" comes when I don't know what they mean when they use the term "crypto" or "cryptocurrency."  

In the past several years (increasing since that shitcoin ethereum came into existence in around 2014/2015), it has been become increasingly more vague and even increasingly used as a kind of short-hand - and sometimes I understand that some people use the crypto reference because they are intentionally either trying to be vague or attempting to avoid using the word bitcoin, similarly to how historically there was a lot of vague-ass use of the term "blockchain," and maybe sometimes the use of one of those terms such as: crypto, cryptocurrency, blockchain is due to not even really having any real decent clue regarding the meaning of the words being used or to realize that some of those folks using such vague-ass terms are in the sloppy practice of avoiding the use of the bitcoin word.. .

Could cause some questions in regards to whether they know what bitcoin is or not?   I have had members tell me that they use the term "crypto" because everyone else does it (including in mainstream media.. or maybe even citing some rich/influential person who uses the term)... which is another form of sloppy to proclaim a legitimacy in using such vague terms merely because everyone else does it.

One good habit would be to try to use the word bitcoin if referring to bitcoin and to clarify the extent to which you might not be talking about bitcoin or if you might be referring to matters related to bitcoin or to some shitcoin, project, ICO, Defi, NFT or whatever.. or if you want to include bitcoin in your description, if you still want to use those kinds of terms. 

For sure people are free to continue to say whatever they like, and suffer the rath of others questioning their motives or their communication skills or their understanding.  Some people do not care if they are understood so long as they understand what they mean, but then again part of the issue when they speak with such vagueness, it is quite likely that they might not even realize that they do not know what they mean (even though they might believe that they know what they mean).

Also, sometimes there might some purposeful trolling, scamming or obfuscating going on when people purposefully speak with vagueness or they use the term in such a way that they are trying to suggest that bitcoin is some kind of equal to the variety of other coins being referenced such as ethereum or some other shitcoin or some project or ICO or Defi or NFT or whatever when using the term crypto.. and there are quite a few shitcoin pumpers, obfuscators, bitcoin naysayers, who consider that the use of vague terms such as crypto, cryptocurrency, blockchain, serves their purposes to be affinity scamming and also to be making false equivalencies to king daddy.

Well there are also scams that hide under the name of Bitcoin. But yes, your assessment is correct. MOST scams are crypto, or otherwise mentioned as "altcoins" or "shitcoins", depending on the subjectively perceived quality of said coin.

But then again, the quality is always compared to Bitcoin and found lacking. Even the second biggest altcoin is centralizing itself out of relevance with PoS.

All these coins do is create lower dips and higher pumps for Bitcoin. So, thank you, I guess?

As far the name of Bitcoin being sullied: I think we should, as a community, separate "Bitcoin" from "Crypto". Which is what JJG has doing since the dawn of Bitcoin.

I have my doubts about whether you are using the expression "fundamental factors" in a way that sufficiently and adequately accounts for bitcoin and bitcoin's current role in the economic system and its various use cases.

You are playing with danger (fire/explosives) if you believe that you have any kind of meaningful read on the need for bitcoin to go sideways or down prior to going up.

It does seem to be the case that bitcoin tends to do much better during higher liquidity periods, but also bitcoin can end up doing decently well in periods in which the dollar (and perhaps dollar-related economy such as equities) is largely going sideways.

Sure bitcoin is related to various macro-factors, and various "macro factors" can also be referred to as "fundamental factors".. and so yeah macro-factors affect bitcoin's price and bitcoin's price movement, but also there are a lot of other "fundamental factors" that specifically attempt to understand and appreciate what bitcoin is - and a likely scenario that we may well be in the midst of one of the largest transfers of wealth that has ever taken place in part due to fundamental aspects of bitcoin's paradigm shifting contribution that allows for value to be retained and transferred through information, without a third party intermediary (which means without permission).. .. so you can believe whatever you like in terms of bitcoin's possible ongoing downside or that it might not be easily pumped.. yet hopefully, normies are not sitting on their hands and/or failing to prepare for UP merely because they believe that BTC prices might go down or sideways rather than up.

There is no good crypto everything will be "shitcoin" too and right behind the concept they just want to imitate Bitcoin but basically they can't afford it with the hope that crypto will only be a display and can't be used more than Bitcoin, Crypto is a good investment it's not clear in my opinion except bitcoin one by one.

My view on Bitcoin: This coin is incomparable to other coins and this coin will stay on top with the biggest market capitalist whereas other cryptos will just be clones where they try on new concepts and innovations but again it will be meaningless though already in such a way that it is designed for crypto functions but they cannot exceed bitcoin as number one as our investment choice.

Crypto is a bad investment and this is obvious.
Bitcoin became the best once I know what it actually does.
And nothing goes beyond that.

I will admit that there has always been various vaguenesses and misunderstandings in regards to what bitcoin is or even how bitcoin is talked about. 

When I first got into bitcoin in late 2013, there seemed to be more comparisons of bitcoin to other assets such as gold or to the dollar and to be suggesting that bitcoin was inferior to the other asset classes and currencies, and it seems that in the 2014/2015 time period people would frequently avoid using the bitcoin term by referring to the supposed "superiority of the underlying tech" such as blockchain, so it seems to me that the term crypto became more and more sloppily used around the time of the launch of ethereum in 2014/2015 and a lot of marketing going on around various other competitor shitcoins around that time which escalated more and more and so it seems that even using the term crypto and talking in vague ways with the employment of the term crypto has been getting worse and worse with the passage of time..and maybe even stepped up in recent times since 2020 (I am not sure?)..

Even though we do have quite a few people who are similarly passionate as me to continuously make attempts to clarify the difference between bitcoin and the various other projects and even to attempt to get clarify in regards to the ongoing employment of the term "crypto," and some folks will admit that they had not been speaking clearly and attempt to clarify what they were trying to say, and other folks will adamantly refuse to clarify their use of the term crypto and continuously convolute terms.. even if some of us might say that we do not know what the fuck they are talking about..... and surely, most of the ability to get away with using such vague terms will come when either the audience is not paying attention or for example if someone is interviewing a rich or powerful person and is hesitant to insist upon clarification. 

Frequently, we will see those kinds of vague juxtaposing of language in government policies and statements too (or media statements that may or may not be knowing that they are parroting government purposeful vagueness or even financial institutions who might perceive it to be in their interest to continue to be vague in regards to their understanding of what is bitcoin as compared to various crypto projects).. and it is my belief that intentional or even repetitive use of such vague terms, even when asked for clarification will show that those kinds of actors are likely purposefully engaging in such obfuscating and confusion making attempts because of their agenda to either attack bitcoin or to pump their own product... which gets us back to the need for each of us to keep our eyes on the prize..; and attempt to minimize how much we are consciously or sub-consciously allowing ourselves to be mislead by some of the sloppiness in the language at best and the purposeful misleading in the language at worse... which ONLY leaves us to blame if we fail/refuse to engage in a sufficient and adequate amount of critical thinking to at least attempt to protect ourselves... if we want to go the extra step and protect others as well, then those kinds of choices to protect others remains optional (discretionary).


You still seem to be mixing up a lot of your references salad daging.  The way that you talk about something such as bitcoin versus shitcoins and how you invest may well topics that diverge. 

How you invest your time, money and psychology are quite discretionary and people will have all kinds of different preferences in terms of how much to allocate to various projects and even come to differing conclusions in regards to whether to invest at all in some projects or others or how much time that they might be able to spend... and whether they believe that there might be payoffs from such efforts.

How you talk about it seems to be another thing.. how delusional or realistic are you in the way you present information or do you adequately disclaim your level of knowledge/confidence?  Others probably cannot answer those questions for you, but if any of us is in a bitcoin thread or some kind of a quasi-public thread, then your ways of talking about such topics might well end up being challenged, and more likely to be challenged the more that they might deviate from the perceived reality of other members.. but it still does not necessarily mean that you are wrong in your own assessment, merely because you are receiving pushback..  ..

You know the factors to consider when investing in bitcoin**, and those kinds of considerations could be accounted for when considering shitcoins or various other projects as well.. including ICOs, Defi, NFTs... and then sometimes if we are considering diversification, there is a difference between diversifying into different asset classes versus diversifying within the same asset class (if you might know the difference or that something in the asset class is sufficiently different or even worth investing into).

** just for clarity.. these are some of the most important factors to consider when investing into bitcoin: cashflow, how much bitcoin we have already accumulated, our other investments, our view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and our abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Diversification of investment assets may be a good option to pursue so that one can profit from several other assets besides just bitcoin. But I think right now it will be better when they focus more on bitcoin investing rather than diversifying assets into altcoin because the current bitcoin price has given them the opportunity to get it low price.

I wouldn't recommend an ICO, Defi or anything like that for anyone at this point other than just bitcoin. If they don't invest at this point where bitcoin has lost 75% of its value since ATH, then I don't know of another best time to do so. They can still invest in altcoin at any time, but it would be better if they don't miss out on investing in bitcoin as their main investment now.

The bear market has caused extreme panic to many bitcoin holders. What I know is that many investment institutions have gone bankrupt because of the decline of bitcoin. It also caused global panic for the majority of retail investors, and the belief they continued to hold for a better life was also shattered. Many investors no longer have more funds to continue to buy low-priced bitcoins. Of course, for those who have doubts about Bitcoin and do not own Bitcoin, this time may be the time to open a position. It is undeniable that profit is the goal of all investors, regardless of whether they have ideals and beliefs or not.

Whenever the price falls, the number of people buying becomes larger. A lot of the faint of heart will sell their original coins. this is normal.
However, when the price is low, it takes a long time to wait until the price rises (at this time, it will test people's patience). After the price of Bitcoin rises, those who sell will regret not holding it.

When the market recovers, these strong hands are going to be among the successful ones. Those who understand the market sentiment well are the ones who make the most out of it.

Regret does come later when everything has changed. So don't think about those who regret it from now on because everyone needs to see and take advantage of the good moments, because those who benefit will definitely never regret it even though the amount of profit is not too much. That is why one should never be weak in being patient for profits to be seen when market conditions improve and buying during a downturn is always the right move to do.

Those who are successful are those who are patient after they understand the market sentiment and make the most of it. Because there are also those who have tried to buy and run it like people have done but in the end it was not successful. And that's just a mistake they made, namely not being patient when they see the current market conditions.

Diversifying assets with altcoins is pointless, you can invest in altcoins, but that's not called diversification. If you want to diversify your investment, like JayJuanGee said, invest in other assets like real estate or gold instead of bitcoin and altcoins. I also don't hate investing in altcoins, and I agree with you that investing at this point is too risky while bitcoin is very cheap so investing in bitcoin is a perfect choice. Altcoins are only suitable for the short term and should be invested during the bull season to get good returns and minimize risks.

I do no know what to believe of the news that China is holding bitcoin and even up to that huge amount for we have seen how negative China has been towards bitcoin. How sure are you of this statistics you sent here. What is your source?


And that is why they are busy buying now that the market is falling because they know a time will come when the market will fly up again.

I quite agree with this because indeed China's news is still confusing so this is a little difficult to conclude considering they are always like anti to this but on the other hand it does not rule out the possibility that some of the big countries that have been mentioned really have it so this can to be one of their own plans actually to create negative press to make this thing bigger.
They have the authority and power, it is not difficult to raise or manipulate things like this, even though this is still only a rumor and conspiracy, the truth of which is not clear.

There is no absolute "need" to diversify either, especially when someone is early in his/her investment and while still in the relatively early stages of building an investment portfolio..  So if someone is new to investing, and can only invest a few thousand per year, it may well be o.k. to just balance in cash and bitcoin.. and to formulate various simple accumulation strategies... after a few years, the investment portfolio may well end up growing to $20k and then to $40k, and then at some point (upon your own choosing), there might be some benefits to diversifying into some other assets .. but even then, diversification might not be necessary, so each person will need to consider how much diversification is comfortable...

As far as shitcoins are concern, I find all of them quite problematic, and sure there might be some ways to get in and out of them, yet many times there may be too many distractions from the main investments.. so individuals have to measure if they might consider 5% to 10% or some reasonable and prudent amount and maybe they feel some desire (or reason) to learn about other matters, and consider their investments of time, money and energies to help channel their learning.. which might be o.k. if it is down in moderation and does not end up devolving into some BIG distraction that ends up causing loss of focus and even loss of time and loss of some if not all of the power of compounding.. which is something that comes from investing a long time, rather than bouncing around.

Understanding that diversification is not necessary does not come immediately, and as very often happens, we learn from our mistakes. Now when I can draw conclusions from my first unsuccessful investments, I will say that it is difficult for me to call shitcoins an investment, I mean that it is dangerous to buy shitcoins for a long-term investment, since this will most likely lead to a loss of funds. They may in some cases be suitable for short-term trading, but this is not an investment, this is a different kind of activity, and it requires a lot of time and knowledge.

If we are talking about investing several thousand dollars a year in bitcoin, then there really is no point in being distracted by shitcoin, because even 10% will only be a few hundred and we will probably spend more time looking for a shitcoin than it will bring profit. It is better to focus completely on bitcoin, and spend your free time looking for additional sources of income that can be additionally channeled for investing in bitcoin. I have never been very successful in trading, but I always find opportunities for additional income, this is the best option for me.

When you have precisely decided on your strategy, you know for sure that you will only invest in bitcoin, you will not be distracted by shitcoins or trading, then you get free time that you can use more rationally. The order in the investment portfolio and the order in the head is very important, because if the portfolio consists of many coins, you start to follow each of them, it takes a lot of time and the focus is lost.

The first 4-10 years of investing and building an investment portfolio might seem kind of boring because it seems to take a long time to really build up value, so measuring how you are building it up and figuring out your various strategies might contribute towards feelings of impatience and frustration... and like you suggested, if you are investing a few thousand per year because you are still building, it could take you 4-10 years before you start to get to a sizeable amount of somewhere between $20k and $50k.. and where you might start to feel some of the compounding effects.. yet even compounding effects are likely to take even longer than 10 years before you start to feel them in terms of the size of your investment portfolio.

So surely these periods of "down" prices are opportunities to buy - but at the same time, many of us likely realize and appreciate that there are a lot of people who are losing their abilities to feel comfortable investing and/or to feel that they have a sufficient amount of extra cash that they can invest... .so in that regard, sometimes the extra cash is going towards increases in expenses, even the basics food, lodging, energy (utilities/transportation)..

Nonetheless, there are always ways to buckle down and to focus on how to invest, such as investing in bitcoin... or even another matter of various ways to invest in yourself and to attempt to improve your current lot or your future earning potential (if you are young)... so yeah.. strong hands are buying.. but if they might feel that they do not have a lot of cash they also may be figuring out ways to increase the strength of their hands.

The opportunity is for both the poor and the rich to use this year to prepare ahead of a great future, because the price of Bitcoin started reducing early this year to allow those that willing to move higher in income earning to continue buying and wait for the desire time to come before they can sell to earn big money. Both the big investors and small investors that invested in Bitcoin this season will have the access to win big income when bull takeover the market.

It's true that the right investment and diversification really needs a difference to other investments but it's not crypto anymore, altcoins don't expect too much this will kill us if we diversify in altcoins but for those who believe it's okay in my view it's too bad to diversify into altcoins.

It needs other considerations, don't just make it an investment in bitcoin, even though it's the best choice, there must still be diversification in other assets, gold and property are still feasible for us to invest as long as we understand the same as investing in bitcoin, we also need a broad understanding, meaning we have to invest more with the allocated value and I think smart people do that instead of putting it in one basket, it remains a strong choice that I am indeed strong enough to hold all directions with the investment that is held.

Gold and property can be said to be stable assets, because we need these assets.
Bitcoin is an asset with high volatility but in reality bitcoin can bounce.
Altcoin: 0 is useless to me.

All of that has to be the right current for ourselves.

Often, with an increase of income, people's expenses increase, they understand that they can buy something that they have long dreamed of, and perhaps if this is some kind of reward for themselves for the ability to increase their income, this is not bad, but if they start spending additional income on everyday needed, buy more food, or more clothes, or whatever, if it's not very important, it's not very good. If people used to do without it, then why spend on it now? I hear people say that you don't need to deny yourself and try to save money, you need to learn how to earn more. To some extent I agree, you need to maintain a good standard of living to be comfortable, but when it comes to earning more, well, I don’t mind earning more, but learn to channel this additional income into the right investments and increase in this way their chances of becoming self-reliant and independent. But this is the choice of everyone, someone likes to live for today and not worry too much about what will happen tomorrow, and someone wants to be sure of tomorrow and does not want to spend their whole life on work. So strong hands will buy, strong hands are very good, but even better combination of strong hands with a smart head.

Perhaps for some, the first years of investing will be boring, I don’t know, it will soon be a year since I started investing in bitcoin, for me this time has passed very quickly, it seems that several months have passed. To some extent, I am glad that this was a bear market year, it passed in favorable conditions for investing. I'm looking forward to seeing how my investment will grow when the bull market comes back.

I am speaking somewhat from experience, and I have been building my investment portfolio for more than 30 years.. Of course, bitcoin was not available for all of that time, and I ONLY started to add bitcoin into my investment portfolio in late 2013.   

I feel that I had frequently attempted to employ decently strong strategies to invest 10% of my income or more no matter what, and sure when I look back I can see a lot of mistakes that I made, and I can even see that there were a lot of periods in which it seemed as if I was just spinning my wheels and not really making much progress... yet in some sense the amounts did continue to increase and even the amounts were able to out-pace inflation.. and if i compare what I did to some of my colleagues, there can be a decently large difference between someone who had a life of saving and trying to live within his her income rather than spending on consumer debt...

I would also not suggest to deprive ones self from living and even increasing consumption and even buying nice things as income goes up.  There are ways to project the level of income going up, but there are also ways in which the income might end up going up higher than the conservative projections...

Let's say that the person who has a $3k per month income has been investing 1/3 of his income $1k per month, so if his income ends up going up by more than the cost of living (goes up to nearly $4k per month.. and maybe cost of living is $3,500, so then has an additional $500 per month to do what s/he likes), then s/he can choose the extent to which to invest that extra income or to increase his/her standard of living.. and it does not need to be all or nothing - even though there could be some advantage and incentives to invest with the money in order to either accelerate the timeline of getting to fuck you status or to increase the odds of getting to fuck you status... which maybe instead of taking 40 years to get to fuck you status, the investor might be able to get to fuck you status in 30 years.... or maybe less time to get to fuck you status if there might be some greater luck along the way... .. both preparations and luck.. but not just expecting luck without making preparations along the way.

I hope I understood something from the quote above, especially about the time it takes to achieve success in investing. Not everyone will succeed from their investment within 1-5 years, most require a longer time, namely 10-30 years. However things can be different when we invest in bitcoin especially when they invest heavily on down cycles. I would think investors do well to earn good returns if they are willing to be long term holders or when they are taking advantage of price cycles.

I believe bitcoin investing will provide good returns if we take advantage of down cycles. I mean when the correction has reached 70% since ATH, then this is the best time for investors to take profits by investing more. Accumulation can be thought, buy on the dip and obviously these are the best of times.

I didn't invest in bitcoin until years late. I'd like to ask your portfolio holdings if it isn't personal to share.

Investing 10% of your income isn't a bad strategy, you acted on what you thought was good to do. It's about experience & risk taking. When you're investing you enter learning & discovery phases in life. By out-pacing inflation in some increases your investments were wise.

What's the reason for portfolio investment? A proportion of profits shouldn't be banked. Extra dividends can bring luxuries in increasing consumption honestly earned by investors. Life needs to be lived.

What needed to be understood is that there's no time one cannot get in for bitcoin investment as long as you have the good idea of what you're coming after with your bitcoin investment, some trade within a short period during dip or even when the price surges to realize their own interest base on choosing a particular trading strategy they understand best, some also invested for a long period and hold after they would have bought the dip, what is needed is for everyone to first define his or her aim and strategies to use and put in place and not that we begin to conclude that only the strong hands are buying, the bitcoin market is nit meant for the whales alone, everyone can participate as long as you're interested and have all it takes to set in.

There are all kinds of ways to attempt to project out how long it might take a person to reach fuck you status - if things go correctly, and there are a lot of people who work 30 or 40 years or more and they never make it to fuck you status.  So, just making it to fuck you status would be a great thing..

Let's say that you are pretty young and you are in your early 20s, you could project out starting with $500 per month investing ($6k per year) and then perhaps seeing your income and the amount that you are able to invest go up through the years.... .. so you can project out an average rate of return and even attempt to figure out whether you are able to be consistent in your investing and even to be able to keep up with the cost of living increases.

Before I got into bitcoin, I figured that my first  more than 20 years of investing, I had averaged about 5.5% increase per year in my investment portfolio size that was due to appreciation, so over course there were good years and bad years, but on average I was able to achieve 5.5% increase per year which was o.k..  and better than nothing and maybe even lucky that it seems to have gone up more than the cost of living... some people are not even able to achieve that level of return or even to be able to consistently invest for more than 20 years...

So maybe even if you project out $6k per year and then going up to $20k per year.. and with around a 6% return, that may or may not allow you to get to fuck you status, but it could increase your odds, if you are consistently investing and not making too many BIG mistakes.

The first 3-5 years that I was in bitcoin, the bitcoin portion of my investment was underperforming my historical returns; however, starting in late 2016 or 2017 or so, the BTC portion of my investment outrageously outperformed the remaining portions of my investment portfolio.. and I did not choose to diversify out of my BTC investment.. but to just continue to let my winner ride.. and sure in this last year, there has been downward performance, but BTC's performance is still at least 8x higher than the remaining portion of my investment portfolio... so that outperformance does increase the chances to get to fuck you status and even to potentially get there sooner than if I would have just kept going with my various traditional investment portfolio assets.

Sure, historical performance is no guarantee of future performance results, but it still seems that bitcoin remains amongst the better (if NOT the best) of investment asset options.


Of course, we look at bitcoin differently if we have already established some kind of an investment portfolio as compared if we are brand new to investing.

Prior to investing into bitcoin, I had mostly been investing into various kinds of index funds that would be a mixture of stocks and bonds, and then some property and business investments.  

When I first got into bitcoin, I created a 6 month budget for myself, so by the middle of 2014, my six months was over, so I largely extended my investing into bitcoin and my budget for another 6 months, so by the time that the end of 2014 came, I was attempting to reassess what I should do, and at that point, I had largely reached around 10% of my total investment portfolio to have been into bitcoin, so I thought that I had largely met my goal.. however, if you look at the charts, you will see that bitcoin prices continued to go down and to stay down through almost all of 2015, so my ongoing buying of BTC during 2015 had caused my BTC allocation to go higher than my 10% preference, and I had gotten up to around 13.5% allocated into BTC by the end of 2015.

I reassessed various times and tried to figure out what to do, an largely I decided not to reallocate my BTC.. but just let my BTC investment ride and to take various risk management (volatility) strategies within my BTC holdings by selling very small amounts (less than 1% of the holdings for every 10% the BTC price went up) on the way up and using that money to buy back.. so there can be some additional fees in that kind of a strategy, too.


Well maybe there were times in which I might have ONLY been making small amounts of money, so figuring out how to construct some kind of a savings plan, and so sometimes when my income went up at later points in my life, I did not feel that I needed to buy a bunch of stuff, so I could invest way more than 10%.. and maybe even getting up to periods in which I was investing 30% or more... but it was good to always have an ongoing practice of investing.. even though I believe that there were several times that I made mistakes in terms of taking some of the investment money and believe that I was investing into solid projects, when those investments were not very good... so for sure, over the years, mistakes can be made.. and even sometimes not very good management of where to put the money so that it could grow without too much risk.. .. but sometimes there would still be needs for some risk.
 

You can build up your investment portfolio and you can also live at the same time.. it is not an all or nothing proposition.  You can have some money in banks and some money that earns interest and some money in property or businesses, index funds and now days we have bitcoin... so then each of us have questions regarding how large our investment portfolio already is and how much of that we might want to put into bitcoin, how much cash do we want to have available or floating.  When I was younger, I did not need to have a very large float and I could project shorter periods of time forward, but it seems that as I grew older some of my finances and some of my financial instruments, business and family arrangements have caused me to have more complicated finances, so instead of projecting my cashflow out 6 months, I tend to project my cashflow out a couple of years, even though of course, the next 2-3 months are more urgent than later down the road, but if you do not project out ahead, you might not realize whether you might have a cashflow problem that might be coming up several months down the road...or even to figure out some of your potential cashflow issues a couple of years in advance can be helpful in determining how much of a cash cushion that you would like to keep on a regular basis and how much you want to keep in whatever emergency funds that you have so that you do not have to dip into your bitcoin investment at a time that is other than a time of your own complete choosing.


You do not need to be rich in order to be "a strong hand."

Strong hands tend to have plans and they do not sell on the way down and they tend to buy on the way down rather than being scared, but they do not need to be rich in order to be "a strong hand."

We not only have strong hands at the moment, maybe also a lot of courage. It takes a lot of patience, the year 2023 and the forecasts do not look good. I hope it will turn out differently, but we have to wait few months. Costs are rising and also the inflation, and how long will it take for it to stop? 2023 will be a year for Diamond hands and I hope in 2024 all different.

I have also heard many predictions that 2023 will be a bad economic year because then interest rates will really come into play and businesses will have even more difficulties. I am not an economist but most of the predictions are very bad and if that happens then the market will continue to suffer and move in a bad way because we are part of the economy too. The weak hand will continue to sell bitcoin and the diamond hand will continue to buy bitcoin, who we will become is for us to decide.

I think in such times there will be opportunities and if history repeats, which I believe it will, then good times will come again in the future. The Corona years were hard for the economy and the people. Financially we have to catch up, but the next crisis is here... Energy prices. We need time and I hope all of us have a good financial chance to stay loyal to Bitcoin.

True. Holding 0.1BTC for more than 2 years makes you a strong hand. Investing in bitcoin should not be a game of who has the most, but who has.
It's a funny thing, but I've been here when people were gathering in those 100 bitcoin clubs because owning 100 BTC meant you have around $100k invested, which according to those people made uou special, a part of the elite.
Nowadays we're coming closer and closer to a situation where an owner of a single bitcoin is a member of the elite.

It makes more sense to expect a profitable investment to change living standards in 5 to 10 years than to work your whole life in a job that is increasingly hated because of its ridiculously low salary. Most people can afford to work 20 to 30 years for a company that pays them a subpar salary, but it would be very strange for them not to be able to wait for their investment to provide a commensurate return in 10 years.

Many people complain about the low salary they get from real jobs, but unfortunately they never find a way to change their economic status to become more prosperous with investment. I'm talking about a lot of people outside the forum or other than the crypto community, which makes no sense when I have to hear their complaints day after day while they have no choice but to endure and accept reality.

So far I am really grateful for what I have earned and invested. I haven't come to the conclusion that status is to damn to think about, but the more I ignore it and enjoy whatever I get today the more enjoyable life becomes. So maybe in the end status is bullshit, but I think a lot of people have gone crazy chasing a better status.

Yes, everyone has the same opportunities and choices. what matters is who dares to enter and who is strong enough to hold out until the bullrun returns.
be it small investors or big investors they all have the same choice. and sometimes people who dare to take risks are more likely to get high profits later. well the point is courage is needed to start. And do it with DCA. every time there is a decrease we buy. so that the average purchase price we become relatively cheaper. every time we accumulate in every decrease. automatically makes our average purchase price cheaper.

There seems to be a certain amount of futility described in your post Falconer, and I was trying to describe a situation in which there are not any guarantees that any of us are going to make it to fuck you status - yet at the same time, we have much better odds to reach fuck you status.. and/or to reach it sooner if we start our preparations sooner.. even if we might screw up several times along the way and even if we might have some bad luck along the way too... such as some of our investments not holding the value that we expected that they were going to hold by the time we get to an age in which we either no longer want to work or we want to significantly reduce the amount that we work.

Sometimes people describe these matters as all or nothing, and I recall several ways that I invested 30 years ago and even anticipated to keep those systems going, that would not really work as well today, especially after bitcoin has become one of the options that I know about.. and sure some people know about bitcoin but they fail/refuse to put anything into it and they just wait for opportunities that may well not come...

So a decent part of potential success is acting.. and of course, I consider that it would be way smarter for a person who is just starting (and in his early 20s) to be investing only into bitcoin and attempting to focus on bitcoin, and then work his/her way out from there.. 10 years later, 20 years later.. and of course continuing to reassess along the way, while having a decently strong starting point.  There might be points of time in which small tweaks are made and then points in time which decently major shifts are made.

So as I already described, when I came across bitcoin in late 2013, I had more than 20 years of around 5.5% average annual profits.. so I had been able to build a decently strong investment portfolio (even if we might assess the overall portfolio as kind of whimpy and lack-luster), but still the whole investment portfolio was much better to bring to BTC rather than to have had been losing and starting over .. which frequently happens to people who might build their investments for several years and then they take too many chances and lose a lot of principle at various points along the way.

Let me go back to my example... and let's say that if I had a plan that projected that if I invested a reasonable amount and I tried to increase the amount that I was investing as my income went up, so in that sense I could project out better case scenarios, worser case scenarios and average scenarios, and there would be some scenarios that might see me getting to fuck you status in a short period of time, and likely the most realistic scenarios would ONLY allow me to get to fuck you status if I remained somewhat persistent through the years.  

There are scenarios in which a lot of people operate is that they are never really able to build up their investment portfolio, and for example, if you proclaim that your fuck you status level is getting to $2 million and you consider that you may be able to get there in about 30 years if everything works out, but every time you build your investment up between $50k and $150k, you find some kind of a project in which you cannot resist to buy, dip into your investment fund, and you are never really getting to a kind of supra $150k stage in which you are going to start to benefit more from the compounding effects of having more value in your investment fund.

I guess my point is that a lot of things can come up and some of them are within your control and others are not, even though you might be able to perceive that if you kept a lot of your money in cash, you might feels safe.. but at the same time, the cash might not hold its value very well, especially if you are looking out 10-20 years or more.

I believe that has been the case since time immemorial. People who are aware of how the market works will always find the best opportune time to buy more and more crypto so they could profit once the bull market kicks in. Agree on both of you. The fact that people misconceive huge bagholders and whales for strong hands are a common trope in this industry. Everyone and anyone can be a strong hand as long as they have the guts to hold their coins for a very long time. and it's not like bitcoin isn't trustworthy. The cryptocurrency literally made millionaires in the past and is set to make another batch of millionaires soon as the bear market comes to pass. Not saying that everyone who has holdings on bitcoin will become millionaires someday, but what I'm saying is that these people didn't get their millions from pulling their investments out at the first sign of a decline or stagnation in price.

I think that recent history should teach us that it may well be a good idea to be consistent in your investment, to activity get involved in investing, but don't get too greedy or too soppy so that you either end up overly investing with leverage that blows up or you are not able to pay back.. or that you end up getting rug pulled by a counter-party, who you should not have trusted to hold much if any of your value.

Be aggressive, consistent and persistent without overdoing it and without presuming that you are going to become rich.. but instead that it is likely that you will be able to improve your lot in life.. whether you are able to invest $10 per week, $100 per week, $1k per week or some other amount that is likely to add up and the value is likely compound over time.. so long as you do not screw up too much..

One of the advantages of bitcoin is that the person with $10 per week is able to invest and no one can stop him/her, and historically that person with $10 per week was precluded from investing until s/he saved in cash for 10 years or more in order to have a large enough sum that could be eligible to invest.  Bitcoin gives the opportunity for the $10 per week person to be able to invest and to take responsibility for investing, which could pay off very well so long as that person does not screw up by over-investing or committing other errors to lose his/her principle.  It seems that the person with $10 per week should still be able to profit from bitcoin, even if the person with $100 per week is likely to be able to objectively measure 10x more payoff than the person with $10 per week. 

In other words, even if the person with $10 per week is able to proportionately equally profit from investing in bitcoin, s/he should not be attempting to invest $50 or $100 per week, when s/he can ONLY afford $10 per week.. and if his/her budgetary situation changes (or improves) then adjustments can be made along the way to become more or less aggressive with the quantity invested each week... 

Another 10 years will pass and we will talk about only 0.1 BTC to be a member of the elite.

You are right, we need to invest that amount that is comfortable at the moment, because if we increase this amount, it is likely that we will have to save on something, which is bad. We need to live comfortably, if a person wants to increase the amount that he will invest in Bitcoin, then he needs to increase his income. There is a lot of ways for this, he can get increas salaries at work, or find an additional income and invest this money. To be more aggressive in the bear market is good, it can give us the greatest profit in the future. When the market will growth again, then you can return to the usual order, and look how your investments grow. Of course, several hundred dollars that we can invest in a week will bring a significantly better result than $ 10 and we need to strive for this.

I have try with new challenge keep investing $10 in Bitcoin trough from my salary received, I work at one company in my city and receive salary in daily day. My country have community with selling stable coins and receives payment trough cash or fiat but have little higher price than exact price at the exchange market.

Binance have minimum trade with $10 and I am lucky can purchasing Bitcoin there every day, I will consistency purchasing $10 Bitcoin every day if my job still not stopping, I don't care with Bitcoin price up or down and keep try with investing in Bitcoin but have limited price under $35,000.

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I want to be strong hands are buying Bitcoin and not try to sell until Bitcoin reach new all time high several years later.

Bitcoin has the potential to be a fantastic investment for all kinds of people, as it provides an opportunity for anyone to invest and benefit from their savings and/or investment, not just Strong People Buying. It is important to remember that, currently, the best strategy for investing in bitcoin is to buy it, then hold it. That's how one collects the most BTC over time.

If one day, the rewards for investing in bitcoin seem less attractive than other options, then some investors will sell their bitcoins, thereby reducing overall demand and the price could fall because of lower demand, not because of reduced utility.

That's good because if you don't start now you won't have assets in the form of bitcoin, but all of that requires careful and strategic planning by calculating your cash flow income every day and thinking about your living costs.

Ok: you make a salary every day while you will invest in bitcoin $10 with the salary you receive means that in a week you can earn $70 for bitcoins with a dollar cost that is good and big when you put in every week, you need to understand that this challenge need to be your responsibility because of all that there must be temptations that haunt you.

You can rely on Binance to convert fiat to BTC but remember never to put your money there it's too risky especially now that there are a lot of issues about exchanges even though they are the biggest and well known you have to be wary of storing assets there, trust a wallet that has control on our own, such as Electrum or some other type of wallet for which you hold the private keys.

You can even add more from the signature campaign allocation by setting aside for bitcoin it will be bigger and bigger every time you invest in bitcoin, but all that needs to be considered, don't do all of that specifically for bitcoin while you don't think about other investments. It's smarter to diversify into other investments but not crypto anymore.

I think 2023 will not be as bad as 2022 is, because FED is likely to pause increase in interest rates or increase will be only 25 basis points in their next meeting, to be held day after tomorrow. The crude oil is also trading around $70 which should further bring down CPI numbers which is already showing declining trend.

The slowdown in economy might continue for two quarters of 2023 but from 3rd quarter, hopefully we will witness beginning of recovery in all financial markets including Bitcoin.

The more bitcoins available, the easier it is for people to buy. The lower the price, the easier it is to get it especially for The strong hands.

The question is whether this will increase the level of resistance higher for each dump, especially during the current period which is very vulnerable to correction??

That's a very good thing because indeed I have also been doing the same thing for several months although maybe not every day like you do, but I always do DCA in one week and budget $20 every week.
I think regardless of what the current price is as long as it's less than $ 30k it's not a problem for me even though there are indeed some people who think that bitcoin will continue to fall to $ 13k or even more than that but I made this an opportunity. As long as I can afford $20 a week I will do that with my goal of 2024 and even more because I'm pretty sure when the halving all will turn out well.

There will always be resistance and correction, that's what naturally happens in the bitcoin market. The big or small resistance level depends on the time frame you use on the Bitcoin chart.

I suggest never to be afraid if you jump into Bitcoin right now, thinking too much about corrections and resistance will only make it too late for you to collect Bitcoin at this discount.
Considering that the market is currently still bearish, it's a good idea to invest in stages every week or commonly known as DCA (Dollars Cost Averaging), this will make you less stressed if there is market rejection because your goal is to collect more Bitcoins for the long term, if you spend your money on a single purchase transaction, it usually stresses you out during a correction or decline.

Your suggestion is good to take advantage of current low price of Bitcoin and take entry now, rather than waiting for further fall which nobody is 100% sure , it falls down further or bounces back from current level. Using support/resistance as well as moving average indicators is good idea for day and swing traders, but for long term investors accumulating Bitcoin on every major dip is best strategy and it works well in the long term.

When you've taken risks how did you cap limits? If you didn't reallocate your BTC portfolio it's worked for you, it doesn't mean it's advised to behave as it today. Your BTC investments were successful, innumerable bitcoin purchasers weren't. How did you use indexes to limit risks?

Your monthly investments built your portfolio. Risk taking's part of investing but losing 30% range of income isn't worth risking. Charts show prices a year ago Bitcoin cost $46k. It's $17k presently. Investors capitulated accepting losses because they've paid high to buy. You've learned from your mistakes but a cluster of investors weren't lucky they've sold with hard consequences.

https://freeimghost.net/images/2022/12/13/btcprice.jpeg

Holding cash cushions proved reliable ingredients in your planning. By circumventing dips from portfolio funds using careful cashflow projections you've helped your portfolio flourish. I'm concerned for new investors they won't recover from losses incurred because it's a risky business. Trading isn't as easy as it's portrayed.

Carry out your personal research in this situation,it will really help you to know that this opportunity is for those that want to progress in future, because both the poor and rich are entitled to this opportunity but it's few people that are using the opportunity currently in the community. Since the price of Bitcoin is still low in the market, it will really help those that lack capital from the beginning of this year to use this month to buy bitcoins and hold because the bull season is very close to the market.

I actually didn't expect it to be a waste because I have to say it, but that's okay because I actually got a more detailed explanation from you. At this moments, I've been reading a lot more lately than I've heard people talk about their investment plans, preparing well, or so on.

Regarding the investment plan, I have also prepared a plan and have also done it. I'm still diversifying though so far 60% of my assets are already in bitcoin. Indeed I am attracted by the status and financial strength that is better than now, I can expect that from investing although there is never a guarantee about the results. Ignore the status now, but maybe later it will make things more beautiful for my life.

Increasing supply of Bitcoin in the market will indeed make it easier for everyone to buy it, especially if the price is still low. But if there is more demand in the market it will greatly affect the increase in the price of Bitcoin itself. Because an increase in price can be caused by two things in the market, firstly because there are not enough sellers and secondly because there are many requests at higher prices so that price changes can occur so quickly.

Resistance will occur when there are more buyers in the market or when there is an increasing amount of demand in the market for Bitcoin. Because with this, corrections or dumps will slowly disappear due to resistance from more buyers.

Most of the economic experts are of the point view that 2023 will be the year of economic recession globally. If this is true and if it happens, then i do not think that bitcoin will recover in 2023. I believe that we have not seen the bottom in 2022 and we may see the bottom in the first or second quarter of 2023.

Also, we have never seen how bitcoin reacts to the global recession, so let's see how bitcoin plays its part. Bitcoin is supposed to be a store of value, but we haven't seen it happen in crisis until now.

That maybe the most realistic after all the current news, even if I hope it will turn out differently. But I can also imagine a Black Swan in 2023 and for that another big exchange would have to be involved. The future is not getting any easier for Bitcoin when I think about CBDC and I don't think the recession will be over in a few months. At some point it will go back to the old cycle.

On the other hand, we also have to consider all calculations because even though the current price is low, it doesn't mean we have to do it all at once (all in). We have to be able to endure this so that it doesn't become too much like we are possessed. Simply buying as strong as you have without sacrificing anything on the salary you have, I think it's better.
On the other hand, we still don't know whether the current trend will be good or bloody again, so we have to be prepared for conditions like this so that when the worst possibility is for bitcoin to fall again, we can still make better use of it.

And this is where DCA do sets in but we know that not all people would be having the money on doing so on which buying every drop in the market does really involved a huge allocation of funds for you to be able to do
so, this is why people do keeps up on waiting for the possible bottom and misses out lots of opportunities and chances for them to get in because bottom is something that cant really be determined.
Strong hands are the ones who do see opportunities that they could really be able to bare out the risk on the time that they would really be making some entry or buybacks.
Its not something easy though because risk would always lies on there which making up decisions isnt really something that anyone could do about.

Well, I read your questions as if they might be attempts to figure out how my approach might be repeatable and generally applicable rather than just lucky in terms of my application to bitcoin in a way that just happened to end up paying off for me but might not be repeatable for others, and sure those are fair inquiry areas.

For sure one of the underlying assumptions might concern whether bitcoin remains as good of an investment as it was in its earlier times 2013-2017 (when I was building my bitcoin investment portfolio base).  And, surely opinions can differ in regards to whether any of us might consider bitcoin to have a sufficiently strong investment thesis today as compared with its investment thesis in 2013-2017 - and surely I believe bitcoin has just as strong of an investment thesis today as it did in 2013-2017, even if the upside potential is likely not as strong, relatively speaking.. but also its downside potential seems to be weaker today too.. as compared to 2013-2017.  Bitcoin has overcome some of the questions to challenge its resilience... and abilities to withstand attacks.. and for sure attacks upon bitcoin are ongoing, even if such attacks are coming from different angles, from different players and with different relative strength.. which still gets us back to questions about whether you individually have enough confidence to buy/accumulate bitcoin and then to maintain a bitcoin investment portfolio that might retain a relatively high allocation to bitcoin.  Those are questions that you have to answer for yourself.

Books could be written in response to answering your questions, because there surely are a decent amount of assessment of individual circumstances in order to figure out how much risk that any of us is willing to tolerate or the various other individual assessments including cashflow, timeline and view of bitcoin as compared to view of other assets. ...

>>>When you've taken risks how did you cap limits? <<<<
So there might also be a bit of randomness too.. and if you already have other investments, you may well consider the matter differently from a situation in which you are just starting to invest and you do not have any other investments (just bitcoin and cash).  When I first got into bitcoin in late 2013, I had a 6 month budget and the amount that I authorized was my cap.. it was based on how much cash I had available and also how much cashflow I expected to have for the next 6 months.. but it also was not considered within a vacuum.. because the amount that I chose was based on an assessment of how much I had invested in other assets.  At the end of the first 6 months, I largely allocated for another 6 months based on largely a similar amount that I had authorized for the first 6 months.. so the second 6 months was largely a doubling down.. and that was my cap for the next 6 months.

I feel like I have already said these things.. and maybe your questions about why cannot really be answered because I can say what I did.. and cannot really answer the why exactly beyond just saying that I accounted for all of what I believed to be my individual financial and psychological circumstances, so by the time I got to the end of 1 year investing into bitcoin, I felt that I had to reconsider what my amount invested into bitcoin should be... and to come to the conclusion that I believed that it should be around 10% - which was largely the amount that I had then accomplished.. but like I said.. I ended up going over that amount in the following year to get up to 13.5%-ish.

>>>>If you didn't reallocate your BTC portfolio it's worked for you, it doesn't mean it's advised to behave as it today. <<<<

Maybe those kinds of questions cannot be answered the same for everyone, even though I believe that I did the right thing for me, and I believe that I would do the same thing over again, if I were faced with the same questions today..   As I already mentioned, part of my motivation has to do with the totality of my non-bitcoin investment was sufficient enough to sustain me at the standard of living that I was already used to.. so.. even if my BTC was growing.. I felt that there was enough in my other non-bitcoin investment to sustain myself.. so yes.. maybe you believe it would be more prudent to sell off or to reallocate back to the original levels... but I found no reason to do that.

 >>>>Your BTC investments were successful, innumerable bitcoin purchasers weren't.<<<<

Maybe some folks sold too much too soon?  Maybe they did not know what they had?  Maybe they could have just held through the cycles?  The people who mostly held through the bitcoin cycles have tended to profit quite greatly over the years, and the longer that they are in the more likely that they are in profits.  Of course, there are ways to attempt to continue to buy along the way too.. and maybe some folks would not fare as well if they blew all their wadd at the top of 2017.. and then they just sat on their hands for the past 5 years.  They might still have $19k BTC costs because they did not do shit for 5 years except for sit on an investment in which they were lacking foresight and buying at the top without taking actions along the way.. because even if someone started buying 5 years ago at the 2017 top, right now they would still likely be significantly in profits, as compared to some hypothetical (not a very likely person) who bought at the top and just sat on their hands and now is whining because they are not in profits.  

Let's look specifically, a person who started buying $100 worth of BTC per week for the past 5 years, would have invested about $26,100, and would have accumulated about 2.3561 BTC (https://dcabtc.com?sd=2017-12-13&sda=5_years&f=weekly&d=5_years&ac=10000&c=true)   - clearly more BTC than the person who would have bought 26,100 worth of BTC in 2017 when BTC prices at $19k.. that lump sum person would only currently have 1.37368 BTC.

It seems to me that there are ways to be smart, prudent and not overly greedy while attempting to manage an investment such as bitcoin in a way that is not psychologically burdensome, but is still sufficiently aggressive in order to be able to profit after 4-10 years of investment .. and of course, if your timeline is longer than 4-10 years, then you are even more likely to profit from your prudent aggressiveness that is not overly aggressive and not overly greedy.

Right now.  Where else are you going to put your money?  Even one year ago?  how would you know that the BTC price was going to go down; however, once the BTC price did go down, then you have to decide from the price point in which you find yourself having to make the decision rather than looking back at the matter or imagining some kind of place that is not where you are at.

I think that my point has always been to error on the side of BTC accumulation and attempting to maintain a large portion of your BTC holdings, even though sure sometimes the overall value had gone down dramatically.. but when you are in the middle of the BTC price going down,  you do not know that it is going to continue to go down.. and so you may well be way better off in the long run if you do not try to guess. and yu just continue to error on the side of BTC accumulation.. until you get to such a point that you have a pretty good sense that part of your BTC is in profits and you want to shave some off on the way up.. rather than shaving off BTC on the way down or trying to guess about if you might profit by selling and buying more.. because you may well screw that up, so it seems to have been an ongoingly better practice to accumulate and to continue to accumulate until you get to a decently large stash (relative to your situation) and then you can shave off profits as the BTC price goes up.. and in the event that BTC prices go up, even while you are still able to recognize and appreciate that you are not guaranteed that BTC prices are going to go up.

>>>>>> How did you use indexes to limit risks?<<<<<<

Using Index funds might have partially been a product of not really knowing - while at the same time, taking advantage of something that is available.  Many 401ks have a variety of index funds as options, and sometimes there is no real ability to invest in individual stocks for regular people without going through some kind of a broker.. so there is some convenience to going with what is available... and considered to be low cost ways to get exposure to some kind of an investment over a long period of time.  

These days there are more options.. but normal people could still get lured into shitcoins because those shitcoins are available and even seem to be relatively low fees and it is not necessarily easy to invest in other areas.. even though bitcoin and shitcoins may well be inspiring some traditional investments to expand their offerings and to be more available to normal people without having to go through a money manager and without necessarily having to pay high fees...

In some sense, my situation would be different from someone coming into investing today, since bitcoin is currently available... so I had largely built my various traditional investments with some of the more limited products that were available.. including largely erroring on the side of index funds... even though surely sometimes there can be ways to attempt to choose your own kinds of stocks through some services that would have still been available 20 years ago.. but I ONLY limitedly dabbled in trying to figure out if there might be some specific stocks that I could buy and instead just did the lazy (dumb) person's way to choose index funds.


What the fuck are you talking about?  I thought that I had already sufficiently explained this.  If I had a lifestyle and an income in which I had grown accustomed to a certain standard of living, and let's say that I had been used to living off of $3k per month ($24k per year), and at that point I had been investing 10% of my income into something (doesn't really matter what it is.. it can be bitcoin or whatever it was that I had chosen to compose of my then investment portfolio), so that would be $300 per month.  And, if all of a sudden my income doubles, and it goes up to $6k per month.  All of a sudden, I have $3k per month more.  So I could decide to invest half of my income into my investment portfolio each month instead of 10%, and my standard of living would not change, because I still had the $3k per month that I could use for my regular living expenses.  

Part of the dilemma that anyone has concerns how much to invest versus consume when income or cashflow goes up or maybe even if expenses go down, so such person is not necessarily increasingly burdened to be investing more money merely because the available amount of money has gone up.  .. It seems to me that the problems would more likely come if more money is allocated to investing even though the income has not actually gone up... or if there comes times in which a person might go into debt or even push limits regarding how much to invest because s/he is relying on the investment value to go up in order to service debt or to pay for expenses that should not have been entered into because s/he was overly investing or failed to account for his/her expenses and/or failed to actually establish and maintain a sufficient/adequate emergency fund.


Something is wrong with your assessment - because when I got into bitcoin in late 2013, it took more than 3 years for my first BTC purchase to become profitable... So I bought my first BTC at $1,200 in November/December 2013 and the BTC price did not get consistently over $1,200 until April 2017.. so that is close to 3.5 years... but I was not complaining of whining about my BTC being in the negative... instead I continued to buy BTC through that whole time, so by the time April 2017 came, my average BTC cost was less than $500 per BTC.. and of course, I had some other issues during that time too.. . but the punchline is that anyone coming into BTC with a long enough investment timeline of 4-10 years or more, should not be getting worked up if his/her BTC holdings happen to be in profits or not, but instead perhaps recognizing, understanding and appreciating some of the value in terms of being able to continue to accumulate BTC and to bring down his/her average cost per BTC with each purchase. especially if the BTC price is 50% or even 75% lower than the price of some of his/her earlier BTC purchases.

I doubt that overly worrying or considering whether the current BTC holdings are currently in profits is a very healthy perspective in regards to investing in BTC or planning to hold BTC for the long term, and surely it could be that BTC is not the right investment or even a very suitable investment for some folks who have not figured out some financial and psychological strategies in which they are able to consider how to plan to take advantage of lower BTC prices without engaging in gambling behaviors.

If investors bought at $40k and then they sold below $40k or even down in the $17k or sub $20k, then good riddance to them.  They are dumb, and they likely over-invested..  

None of us can stop people from being dumb and from losing money on their investments. including investing into BTC.. including investing money that they need in the short term.. and yeah.. maybe they should have ONLY invested $10 per week rather than $100 per week. or maybe they should have DCA invested rather than lump sum invested.

When people ask me about bitcoin, I frequently tell people to get started right away.. and I give little shits if the BTC price is $69k or $17k.. even though it seems that it would be better to get started now, but people who invest into bitcoin have to figure out some kind of an investment strategy that works for them, even if they started investing into bitcoin at $69k in November 2021.. Hopefully they did not put their life savings in at that price, and if they did, then they may well have to wait a long before they are able to get into profits.. and what can we say when people do dumb things, and they ONLY plan for the BTC price to go up or to go sideways or to ONLY go so far down.. but then bitcoin goes further down then their expectations and they have no plan for that?  What can we do?  Feel sorry for them for being dumb?  Feel sorry for them for overinvesting?  Feel sorry for them for not preparing (psychologically or financially) for down?  What?  

I am not going to take back my advice (or suggestion) for people to get started right away.. and each person is responsible for their own actions.. in terms of how much they invest and how they make their various preparations.  For sure I am not suggesting for anyone to invest in shitcoins, even if there might be some shitcoins that might perform better than bitcoin in the short term.  I am ONLY talking about investing time and money and psychology into bitcoin, and each person is responsible for themselves in terms of how they go about making those various investments.. even though I might be willing to help them out in various ways if they are really in need of help... perhaps I will?  but I am not going to take responsible for their choice to invest, even if I said to get the fuck started right away.  If I were their money manager, then maybe it would be a different story?  If I could see that they were doing dumb things like leaving a bunch of money on exchanges, I would tell them that was not what I was suggesting for them to do.. because it can take many years to really learn the specifics about how to invest into bitcoin and how to manage various personal risks when it comes to bitcoin, and I am not responsible for what others do, even if I tell them to get the fuck started as soon as possible.  Don't wait, but you are still responsible for any action that you take, even though I am saying to act sooner rather than later.  What a bunch of contradictions, no?


I was making the point that it takes years to learn better techniques, but anyone has the capacities to figure out ways to manage their cashflows... No one should be investing with money that they need for living expenses, so before they even invest into anything (whether BTC or otherwise), they need to figure out their own budget, including how much extra that they have.  Are they able to spare $10 per week or $100 per week, or $1000 per week or some other amount.. If they have cashflows and cash management that is so screwed up that they cannot even figure it out, then likely they need to get their cashflow in order before they do anything..

and I am not even saying that anyone for sure has to wait to invest into bitcoin because some people might know that their cashflow is messed up and they are not sure because some months they have an extra $3k that they could spend, and there are other months that they are $3k in the negative, so their cashflows are erratic.... So some of those folks still might be able to make some ballpark considerations that they are able to start investing into bitcoin and to figure out their cashflow particulars as they go.. but if they start to invest into bitcoin, an they do not get their shit together, then they may well end up putting themselves into a position in which they have to sell their bitcoin at a time that is other than completely their own choosing.


Of course, investing into bitcoin is risky.. And walking out of the house each day is risky too.  There are all kinds of risks in life, and there are a lot of ways to engage in practices that mitigate various kinds of risks and/or to offset risks.  

Actually, right around the first 6-8 months that I was into bitcoin and I was learning about bitcoin, I did not really tell anyone about bitcoin, however, starting in about mid-to late 2014, I started to tell people about bitcoin (friends, relatives, acquaintances), and to suggest that they look into bitcoin and maybe do something similar to what I had been doing in terms of investing a portion of their income into bitcoin. So many of those people would be way better off right now, if they had just invested a modest amount into bitcoin, such as $50 per week.  They would have invested right around $22k and would have accumulated right around 20 BTC.  (https://dcabtc.com?sd=2014-08-01&sda=custom&f=weekly&d=9_years&ac=5000&c=true) Anyone going to complain about those levels of returns of merely investing $50 per week over the past 8.5 years?    

What I am saying that managing and/or modifying risk does not necessarily suggest that a person should stay out of an investment, such as bitcoin, but instead may well suggest that the person figures out the size of the investment that is comfortable enough for him/her at such a level that feels sufficiently aggressive, without necessarily being overly-aggressive.


I am not telling anyone to trade.  I am saying get the fuck started.. and then accumulating BTC and to figure out how much is a good position size an then the build up towards that BTC position size in a way that is comfortable.. which largely from my perspective is a buy only strategy... so figure out various ways of buying and continue to study bitcoin along the way.. and if at some point, the person wants to go beyond buying strategies, then that is on them to figure out how to manage those kinds of practices.

Sure, I mentioned that I sell BTC on the way up and buy on the way down... but that surely is not any kind of a base investment case, because a person needs to get to a point in which s/he is sufficiently and adequately allocated (and perhaps even overly allocated) into bitcoin before it makes any sense to sell any BTC.  So my first couple of years in bitcoin, I did not sell any.. except to sell and replace.. or replace within a few days if I did sell some or use any BTC to transact.  

I later considered adding some formulas for selling on the way up, but those are in no way base case ways to accumulate bitcoin but instead volatility insurance plans.. but they are likely not even a good practice until someone has been in bitcoin for a sufficiently long enough time to accumulate a decent amount of stash, to potentially be over-allocated and/or to have some or all of his/her BTC stash in profits.  

I don't consider myself as a trader, and I don't suggest selling BTC as a means to attempt to accumulate more BTC... especially not as beginning strategies and especially not as base strategies absent potentially meeting a variety of conditions in which there might be some practicalities for a newbie to consider selling some BTC on the way up (or in some other situation) with expectations of buying back at lower prices, but it is surely not even close to any part of a base case for ways that I would suggest to get into bitcoin and to establish 4-10 years or longer investment strategies and practices.


Your use of the term "resistance" is confusing wmaurik.

When we are talking about the difficulties of the BTC price to go down, we are referring to "support" (not "resistance'),  and when we are referring to the difficulties of the BTC price to go up, then that is when we use the term "resistance.".. so price sticking points is referred to as "support" on the way down and "resistance" on the way up.

https://i.imgur.com/XAe2VkR.jpg

Many wise/knowledgeable experts believe that this is the opportunity to invest in Bitcoin, they also believe that Bitcoin reaches its highest position after a certain period of time.  Looking at the above chart, it can be seen that Bitcoin has been at its highest position for a period of time i.e. three years.  So many experts claim Bitcoin will surpass $100k after 2025.  Keeping this theory in mind, many organizations starting from the government of different countries and small and large have started investing in Bitcoin.  They believe that this is the right time to invest in Bitcoin.

Above mentioned figure, it's noticed that bitcoin hitted the highest at 3 years periods gapping. Considering this equation, Bitcoin will exceed 100k dollars by 2024-2025.

the topic is about strong hands and this does not care anything about what you said .


We as Bitcoin Hodlers will always keep our eyes in opportunity to buy and buy caring nothing about those thoughts , who cares of the correction and vulnerabilities ? if you trust the coins and invested money that you can afford to lose(of course money is important but we must knew what to lose or risk) everything will be fair and good in the long term process.

yes, indeed to buy bitcoin we have to wait for the right moment, but there are times when we have to buy bitcoin immediately and hold it for the long term. although we will not know when bitcoin will rise again. sometimes there are times when the price of bitcoin will rise suddenly. for example, as experienced today, now bitcoin prices are starting to gradually increase in all markets, and this shows that if you are going to buy bitcoin, don't think too much because we have to take advantage of the opportunities that exist as soon.

I am glad to hear that you are very optimistic as a bitcoin holder and will try to take advantage of market conditions to invest more. Your step is right, but you also need to make some adjustments to your funds so that they don't interfere with your needs as well as your desire to invest. Apart from that you also need to consider vulnerabilities especially about security, I mean you have to be able to have proper custody of your own bitcoin where you need to consider a secure storage wallet.

You still have to watch for corrections if you really want to increase the bitcoin in your portfolio. This means that you need to consider DCA as well as other strategies so that you can take advantage of market fluctuations to get better prices.

You have very well explained theory of  support and resistance chart. I would add a single line that traders usually buy on support, and sell on resistance to book their profit. Having said that, Long term investors don't bother much about technical charts and they accumulate Bitcoins on every major dip. I think buying Bitcoin when it crosses 200 DMA (daily moving average) and makes few green candles on on day chart, is also good strategy because it is generally considered beginning of bull run but we should always keep in mind that technical analysis is science of probability, not certainty.

Before now I had a standing order with my bank where I kept some extra funds that I don't need for my upkeep. Although the bank promised interest from my daily savings I decided to stop terminate this agreement and transfer the funds to Bitcoin investment. I might not know technical analysis but my plan is just simple, which is to buy Bitcoin every month no matter how small from my extra funds. I am willing to keep buying regardless of the price until I retire from my work. This is because I believe that considering the economic uncertainties in my country, Bitcoin is one of the best forms of investment currently.

It's a good thing to do but seeing from what you say you don't know the basics about bitcoin such as analytical techniques or trying to see some possibilities from actual research your actions are too risky in my opinion. Try to learn little by little about this because if you see what you say you are like jumping from a height without any preparation. I also believe in bitcoin but at least there are some basics that you must understand first before you later receive something that you don't expect because in my opinion the steps you take are like being determined to do something without some preparation and just being reckless about it.

In this case we are of course back to the original title and I want to underline the word "Strong Hands" in this regard.
We know that the word Strong hands here means those who buy and don't release it no matter what you say about resistance or whatever they won't really care about that especially at the current price because they know that currently the price of bitcoin is cheap. As for when bitcoin falls back and passes resistance, we only need to do the same thing by buying back with the funds we allocate for it because indeed now is the time to repay and I'm sure most people know that now the conditions are not very certain because it's hard to predict market conditions so it's certain that if they do buy then they will repay it not all at once so when there is a decline they can still continue to buy and I think resistance is only one of the references and doesn't really have an effect on hands that will hold bitcoin longer because they will not really care about it considering their goals are not short term.

That might be good, moving your deposit funds to bitcoin investment, your strategy is also quite good in making purchases once a month, but you have to pay attention and start learning technical analysis at least the basics to be able to understand opportunities when short discounts occur in the market.
It seems that you are still a beginner in investing in bitcoin, I just remind you to use a really safe wallet for your Bitcoin and a decentral exchange as the exchange, don't use a centralized exchange because your Bitcoin will be in the hands of the exchange owner who can manipulate your assets, and in the end, Anda akan kehilangan dana pensiun Anda yang Anda tabung di Bitcoin.

To be honest, I don't understand where the right time is ;D Because what I feel during this time we are in Bearish, as long as it's not more than $ 30k, it's quite right in my opinion to continue buying and now it's even cheaper, what to do reconsidered as if there is still another right price? As long as we can buy and as long as the Bearish continues, I think this is the right time to add to our portfolio.

of course Mate , I am holding in safe storage in which "I OWN MY KEY" never that i kept any of my coins in exchange or wallets that does not let me have my Key as I keep in Mind that "Not your Key, Not your Bitcoin"

Not good at it, so instead of turning around ? what I do is HODLING and this makes me feel better and also does not need any long time to spend checking.

I only put specific time when to consider selling if time permits .

I think in this case there will be several possibilities, when we talk about Investment, of course we have to know that not all of our money is used in its entirety and it has to be money that really isn't used for a long period of time as well as a provision for the salary we have and the rest of our needs in a month.
I think there has been a special allocation if there was an intention from the start to invest so that the word not having money obviously isn't something that bothers some people unless they are really determined to be all in from the start so now they don't have a reserve fund to invest.
As for waiting, this is also not wrong, but for how long? We certainly have benchmarks that make sense from the research conducted, but the question is whether it will really happen? because the possibility is still fifty-fifty.

You have to reconsider this and don't put money in one investment it's not good but you have to diversify into other investments so that you can balance it during your long term investment, I'm not saying bitcoin investment is bad even it's good but this is no guarantee to be stable let alone get rich quick forever, only estimates on the long term prospects of bitcoin are good if you look at history since it first appeared on the crypto market, so I think you should allocate to some stable investments that will be a reserve fund in an emergency later.

It's better to save some of the funds in the bank for funds when there is a sudden need when you need it and can keep it as long as you don't need it, whereas if you are still working and earning more money then it can be put into bitcoin with the DCA strategy weekly or monthly would be a good way in my opinion compared to bitcoin all the money.

I was the same at first, but now I have reconsidered and bitcoin is an unstable asset, so I have to invest after other needs are met. If there is more money, I will still be put into bitcoin, but don't forget my other investment assets too invest money there for long term stability.

Important use free money for investing in Bitcoin and not try our saving money in the bank and move it to invest in Bitcoin to earn daily day profit, I supported with your ideas about we need have saving money in the bank and not priority always investing in Bitcoin, I know potential profit earn when investing in Bitcoin, but when bad thing happen to us and and haven't money saving in the bank drastically we have borrowing with interest need to pay later.

Not allowed to earn weekly or monthly profitable in Bitcoin investment, but when bearish coming how to earn profit and can't controlling with source income when bitcoin price going drop.

Off course, Bitcoin is the only coin that has a stable price at the moment, and buying Bitcoin at the present price is a way cheap price to get in as the coming year may witness a lot of uptrend in Bitcoin price movement.
This is not investment advice but I can tell you that Bitcoin
 is the right investment at the moment, but make sure you keep your Bitcoin off-exchange.
A lot of weak hands are selling off due to FUD raising from FTX and other sega around the market

I don't really disagree with anything that you are saying ajiz138.. at least my attempt to understand what you are saying.

It is really difficult to figure out if someone might be overallocating into bitcoin and not keeping enough of a reserve fund or maybe if there might be some need to diversify into other assets/currencies - and also there is so much country specificness too.

Surely it can be problematic to ONLY have investments into one's local fiat, USD and bitcoin, but if someone is building their investments, these might be the ONLY options that they know.  Of course, another one is buying versus renting or if someone might have access to buying some stock funds, but if we are ONLY looking at the three being  local currency, USD (or something pegged to USD) and bitcoin, then surely each of us had to figure out how to apportion our ongoing investment into each or how much reserves that we might keep in each of the categories.

Recently, I have been considering that it might not even be a bad thing to retain some emergency funds in bitcoin.. instead of keeping all emergency funds in fiat - yet of course, how much to allocate to each still is going to depend on some specifics, even including size of the various funds, how much money a person needs on a regular basis, how much fluctuation is within the cashflow and the expenses, and what kinds of emergencies might come about....

I know that I like to talk about reaching $2million as being a kind of entry-level fuck you status because it allows for a potential for somewhat perpetual ability to live off of the interest/appreciation which we could estimate to be around $6,666 per month.

I know that many people do not consider that they can get to those kinds of levels, and so they might have financial value accumulation goals that are way smaller because they are expecting to live off the interest and to consume the principle too.. .. so maybe if someone has a goal to get to $200k or even $500k by the time they are 50 years old or 60 years old, then maybe they consider that they can just live off of that amount until they die or that amount will supplement whatever other revenue sources that they expect to have at that time.

We still can be faced with questions regarding how much value to keep in each investment asset/currency class that is available in order that we can attempt to ensure that the value of our investment is growing at least equal to or greater than the cost of living, so in the long run we are going to be better to be holding higher amounts of value in BTC as long as we are never forced to sell our BTC at a time that is anything other than our own choosing or even that we are not tempted to dig into our BTC holdings merely because it is way more money than we have in other places, and we start to believe that we are not really damaged when we make those kinds of early dips into our BTC holdings.



I think that you are framing this matter strangely and even somewhat wrongly Oneandpure.

It seems to me that recently so many people had considered that they need to "earn yield" on their bitcoin and their various value holdings contributing to their placing their bitcoin and other value with third parties who ended up running off with the money, losing it or engaging in some other behaviors that cause somewhat innocent people to lose money because they believe that they need to earn yield on their bitcoin.

It seems to me that historically bitcoin has shown that merely holding bitcoin ends up contributing to decently high odds that the bitcoin will go up in value sufficiently in order that the bitcoin holdings themselves are the yield and one of the main goals would be to continue to accumulate bitcoin without losing it and then 10 years to 20 years down the road, there are decent odds that your bitcoin are worth way more than what you paid for them and also worth way more than any other place that you could have put your value - including that if you have kept control over your bitcoin then you also likely have options regarding how to spend your bitcoin or otherwise use your bitcoin in order to take advantage of the increased value of the bitcoin.. so you do not need to earn yield on your bitcoin because the value has increased way more than any yield that you could have gotten (especially if you account for the various risks of giving your bitcoin to third parties).

So part of the issue with bitcoin is having a long enough timeline in order that you are able to build and keep secure your bitcoin holdings over decently long periods of time 4-10 years or more... and then likely being in a pretty good position to start to spend them later down the road.

Of course, if any of us get too greedy then we likely put our bitcoin at risk.

The thing is, if you have "fuck-you" money as you've mentioned $2m or around that, you don't need outrageous yield. You can simply hodl it naturally and you gain interest on that.

People don't want to earn 2 million dollars, that's why they go to high-yield stuff and get screwed over. They were never prepared for big money in the first place.

Not holding it in a bank, because then inflation will neutralize and even turn negative the small APR your bank gives you.

   - Always remember that long term investors don't care about the fluctuation happening in the market, for what they are after is they believed that the price will going to get higher more than they expected.

And El Slavador was one of the place in the whole world now where they are fully opened into Bitcoin or cryptocurrency. I do hope that the other country will do the same thing for what El Salvador doing it now in this kind of belief in Bitcoin. Where they are more believed in digital currency rather than bank.

Yes, that is true. You could say luck is only for people who are able to take risks.


as we know investing in crypto has all kinds of risks that must be borne when you want to invest in it.
as described by the OP. that El Slavador can afford to buy large amounts of bitcoin and they won't care how bad the FUD is circulating in the news that always appears on some social media.
people who have an optimistic mind and believe in bitcoin that will be profitable in the future.


and we all as bitcoin holders know that bitcoin always gives the best price after the passage of FUD.

Strong hands/ Bitcoin whales (contains 1000+ BTC in their wallets) , It is not true that all of them are buying bitcoins but some strong hands are buying bitcoins.

Some strong hands/ bitcoin whales/ Diamond hands & their bitcoins.

• Satoshi Nakamoto: Unknown but guessing 1M Bitcoin in Satoshi's personal wallet
• Michael Saylor: 130K bitcoin & Still holding and buying
• Elon musk: 33k BTC but recently he busy with dogecoin
• CZ binance: Unknown amounts & Still buying
• Barry Silbert: Unknown amounts & Still holding and buying
• Vitalik buterin: Unknown amounts, Still holding and buying
• Tim Draper: 30K BTC at $600 in 2014 but recently his amounts unknown
• Brad Garlinghouse: Unknown amounts & Still holding
• EI Salvador: 2381 BTC & still holding and buying. Governments announced his country will buy 1 bitcoin per Day .

I am not trying to lock anyone into any kind of specific amount, even though prior to March 2020, I used to describe $1 million as entry-level fuck you status, but more recently, I thought that it would be more realistic to use $2 million as our presumption of entry-level fuck you status - especially for people in the West.. even though I recognize and appreciate that people might have BTC/wealth accumulation goals that are way smaller, such as getting to $100k.. or even way larger, such as getting to $20 million.. or whatever a lot of variations of such.

The use of $2 million as entry level fuck you status is just a guide that is an attempt to be more concrete with about the necessary that each of us needs to attempt to ground ourselves somewhat into figuring out our goals in terms of quantity of value and timeline, and then figuring out what we might be able to do once we have reached the goals that we have created for ourselves... and even including that we create goals, but we can tweak them along the way in all kinds of regards in terms of timeline, value sought, how to measure value based on assessing various assets/currencies (including but not limited to bitcoin), how to get to the places that we aim to get, etc.

Of course, there is no absolute need for any specific person to even get close to $2 million or even to believe that they need to get to some kind of an entry-level fuck you status in order to be able to profit stupendously from establishing a bitcoin plan that involves accumulating bitcoin and figuring out ways to execute such bitcoin accumulation plans... and including figuring out how bitcoin accumulation might supplement any other financial/psychological plannings that they might already have.

And, yes many of these concepts might remain somewhat as moving targets including considerations regarding whether ways that value is held is actually holding value or appreciating in value, and then considering whether future performance might be able to be predicted within a flexible framework that may or may not be achieved... So projections of future value based on a variety of factors might also need to be adjusted from time to time, yet many of us know that failing to plan may well be similar to planning to fail, so in that regard, I am a much bigger fan of planning, even if the plans may well need to be tweaked from time to time, but if we are able to get a lot of the directional aspects correct in our planning, then the fact that some of the specifics might not have come out as planned might not be detrimental to our plan.

Let me use your forum registration date as a hypothetical framework, and let's say that 3 years ago, such hypothetical person started to get into bitcoin, and s/he had around $200k of quasi-liquid assets in his/her total investment portfolio, and maybe at that time s/he was using $1 million as his/her goal, so s/he felt pretty good that s/he was nearly 1/5 of the way there, and it may take another 10 to 20 years or more to reach fuck you status, but then when March 2020 came, s/he realizes that s/he better aim for $2 million in order to attempt to be more realistic. 

If we consider that such hypothetical person figured out bitcoin, and decided to be somewhat aggressive in BTC, then such hypothetical person might have decided to put 10% of his her total investment portfolio in bitcoin, and maybe it would take a year to reach such target.. so maybe in the next year between late 2019 and late 2020, such person accumulated $20k worth of bitcoin.  So, such hypothetical person can continue to measure what are his/her investments and how are they performing, are there any needs to change the allocations.  It is possible that a person getting into bitcoin in late 2019 might have been able to accumulate quite a few bitcoin under $10k.. so feeling pretty good now, but we have had a lot of trauma in the last two year in terms of how to measure such value and the value of the various assets within our investment portfolio.. and how to attempt to manage that and maybe even how to focus our allocations, whether to engage in reallocations and a variety of individual considerations.

So then some of the questions for such hypothetical person might be how to compare what his/her initial late 2019 projections compare to where s/he is actually at versus where s/he had projected him/herself to be and whether any tweakings need to be made.. or if the initial plan is still generally and directionally working.  Is progress being made towards the goal to get to fuck you status in 10-20 years, and sometimes it might appear that in the short term (even within 3 years of starting the initial plan) that progress might be hard to measure, but if BTC accumulation remained part of the plan there could have been a lump sum investment of $20k in to bitcoin (maybe getting 3 BTC), and then a dollar cost averaging into bitcoin thereafter... so maybe $50 per week of DCA into bitcoin over the last 3 years would have cost about $7,850 and resulted in an accumulated of an additional 0.4 BTC (https://dcabtc.com?sd=2019-12-16&sda=3_years&f=weekly&d=3_years&ac=5000&c=true)... so such hypothetical person would have accumulated around 3.4 BTC..and could measure whether the ways of allocating are profitable in the long term even if the level of current profits might not exactly be large or even in the positive in the short term... .so the person who had $200k in his her investment portfolio in late 2019 may or may not be in profits at the moment, and there might be questions about whether progress is being made and if it will be made in the future based on ongoing investments.. any tweaks necessary? 

And even if such person does not make fuck you status in 10 years to 20 years, s/he will still likely continue to profit from ongoing investing and accumulating bitcoin.. whether reallocating at these levels or merely continuing to DCA into bitcoin.. while realizing that there are no guarantees that goals will be met in 10 to 20 years, and maybe the timeline needs to be adjusted at a later date, too?  but is such hypothetical person going to stay in bitcoin or not?  increase his/her bitcoin allocation or not?  Those are personal choices that may or may not end up paying off, yet many of us in this forum continue to believe that bitcoin is amongst the best of investments as long as each of us attempts to allocate aggressively without being overly aggressive in such a way that causes us to lose our bitcoin.


Strong hands and whales are not the same thing.

A strong hand can be someone who has less than 1 BTC and who either continues to buy or maybe even buys more at these prices.

One of the difficulties for a lot of folks who had been convinced about bitcoin is that they were buying bitcoin all the way down from $50k, then $40k, then $30k, then $20k and then now around $17k. .perhaps even picking up some bitcoin below $16k.. and there may be times in which they have run out of money or spent way more of their available cash reserves than they expected because they did not expect BTC prices to go lower than their purchase price.  They might be referred to as strong hands partially because they are still able to buy, but also for the fact that they have not been selling in these sub $20k prices.. and are still able to buy.

The term strong hand is a pretty loose one, but still I would not consider the need to be a BIG player, even though I do believe that bigger players will sometimes have more cash in which they are able to buy.. but some of the folks with a lot of cash do not even recognize and/or appreciate the value of buying BTC... so in that regard, there might be some preference to measure a strong hand who is actually able to invest into bitcoin as at least figuring out that bitcoin is a good investment.. because the other folks who had already figured out bitcoin is a good investment bought a lot of bitcoin already at higher prices.

In fact, many people want to start at this time, but most Bitcoin holders are on the verge of bankruptcy. If there are idle funds, this timing is very suitable. Judging from the long-term return on investment, the rate of return is still very high. At least it is much more suitable than bank funds and wealth management products. What's more interesting is that some people's bank deposits disappeared inexplicably, which may be the biggest failure of investment.

I haven't seen them (Bitcoin holders) go bankrupt at this point, because I personally still feel very comfortable and safe holding Bitcoin and don't consider myself bankrupt because of Bitcoin. And your suggestion that says to buy again at this point with savings that are not used for other purposes I think is good too.

But as for the problem of deposit funds mysteriously disappearing in several customer accounts, I haven't heard of it yet either. So it would be nice if you'd provide a few sources of news on this because I think it's also a bit interesting to read other than seeing opportunities to buy Bitcoin again at this point.

Holding Bitcoin investments is a very good idea, but know that no crypto expert will advise you to put all of your life savings in bitcoin; instead, you should think about investing in other things so that you won't lose everything at once in the event of an emergency. Nobody would ever promise you that  Bitcoin investment is 100% guaranteed, therefore you shouldn't put all your eggs in  one basket. But while I am just saying that bitcoin involves some risk,but I am not saying it is bad to invest in it. The risky that involves nowadays not only the price but how to secured fund.

I have an uncle who was advised to invest in Bitcoin on the grounds that he would undoubtedly profit from it. Unfortunately, he wanted and invested all of his life savings in Bitcoin and only saved small amounts of money in bank accounts without having any other means. Now that the price of Bitcoin has dropped and he needs money for emergencies but has nowhere to get it from because all of his assets are Bitcoin investments, he has no choice but to sell, and he has begun doing so at the current Bitcoin price, which have  make him lose a lot. So, It is preferable to have some additional money set aside for future needs in order to avoid investment distractions.

I also don't feel like a loss but this is my long-term investment in Bitcoin, not to be the main reference in my finances, I also separate which money is for needs and which money is for investment, so that my economy goes well without interfering with each other in the future, I still setting aside the remaining money from my main needs, to buy some Bitcoins, because long term investment is very important for unexpected costs, why am I sure about Bitcoin because I have never heard of anyone going bankrupt from buying Bitcoins, mostly from someone's negligence not because of loss, but their negligence who sent wrong bitcoins or were also exposed to fissures, which made their bitcoins disappear..

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Do you tell them about bitcoin or about crypto?

Do you tell them that there is a difference between bitcoin and crypto, or do you just interchangeably use the two words (of bitcoin and crypto) so that they might not even know what you are talking about?

Do you tell them that it is better to hold your own keys, even if a newbie might start out getting used to bitcoin through an exchange?

Do you tell them to be careful in regards to shitcoins, as in they are all scams.... and some of them are more scammy than others..  so if you want to fuck around with shitcoins, you are gambling?

Do you talk to people about potential investment timelines.. or are you largely talking about trading - getting in and out?  what about position sizes do you talk about that?

Do you tend to follow up if people are interested with your way of discussing matters?  And what would you consider to be your success rate to be, in which someone actually ends up acting beyond just downloading / installing an exchange app?

By the way, Swanbitcoin.com is a bitcoin oriented platform that emphasizes education, long term BTC accumulation and holding your own keys..

As you might be able to see, I have a lot of reservations about conversations with newbies that potentially get newbies into shitcoins.. when it seems to be a better practice to attempt to steer newbies (or maybe some of the people that you meet might be kind of newbies) to some kind of a bitcoin first approach - even though on their own, they still may well end up getting into shitcoins and not really understanding the difference between bitcoin and shitcoins and also they might not know the difference between self-custody and having a third party hold your value (which still gives you price exposure to the underlying asset, bitcoin or otherwise, but is still a kind of risk when considering whether there might be some goals to get value that goes beyond mere price exposure).

Sometimes dilemma with Bitcoin price currently drop drastically and little doubt keep investing or buying Bitcoin right now, I know how amazing effect with strong hand are buying Bitcoin and keep holding until reach higher price. But not hypocritical either we need to earn as soon possible profit trough Bitcoin investment although have commitment become long term holding and always take opportunity re investing when Bitcoin price drop.

Can't predicting for Bitcoin future always stable and potential back to higher price due many internal conflict and make Bitcoin price drop, last moment when FTX collapse today have another attack with most bigger exchange market Binance, I sure if have FUD with exchange cryptocurrency every time can't optimist with Bitcoin stable in higher price.

This is a natural thing for those of you who are weekly or daily traders to look for short-term profits from bitcoin because indeed I also realize and don't deny that the market still feels hesitant to go up in the next few days.
In my opinion, in conditions of disrupted economic stability and the current FUD size, it will be difficult to take short-term profits.
My advice to you is don't do scalping because it has a lot of risks that can destroy your capital in a market like this, you have to keep your money in bitcoins for the long term and have a character like a strong hand. of course DCA is highly recommended for current investment strategies, if you need fast income, my advice is that you look for other livelihoods that provide definite profits, or if there are no other options you only need to take advantage of BOUNCE when the market is down to take profits.

In my experience it is very difficult to make short term profit in Bitcoin, that's why people in this forum are more suggesting long term investment than short term.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit, I think they will not respond to what is said. I mean they'll even think you're a fraud. especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

There is no need for a dilemma, we have strong hands to start and invest in bitcoin and buy it from now on, which is currently down, while we can be optimistic that after the bearish ends, bullish will definitely appear, so those strong hands need to be held tightly so that we can hold on to the long term as expected many have suggested.
If we already know about the prospects for bitcoin, we must immediately get profits as soon as possible. What needs to be done is to continue to acquire bitcoins in any way, including DCA and Dips, which we feel are right to make our strategy for investing in bitcoins gradual, and from this stage we can accumulate within a certain period of time such as more than a year which is our target.

For me, there is no need to think about FUD because a group of people spread it so that bitcoin falls and they can buy it from below while we are not aware of it and if we don't pay close attention it turns out that we think too much about FUD which has no effect on a HODler. as long as we don't keep assets on the exchange then our bitcoin will be safe and FUD will just go away while we will look forward to a bright future with bitcoin as a good investment.
More optimistic that bitcoin can become more stable later.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

So surely each person is responsible for his / her own investment strategy and also to figure out his/her budget in order that s/he is not investing too much and then ending up gambling rather than investing.

So yeah a lot of regular people do not seem to be very good at managing their own money, but to me, it seems that managing money is a basic task that any of us should be able to figure out.. especially several of the basics in regards to making sure that we are not spending more than we earn, unless we know how to manage debt as well..

but anyhow, general deficiencies that people have in managing their own money does not stop me from both suggesting that they get started investing into bitcoin right away and to clarify that I am talking about bitcoin rather than shitcoins.. and then also I suppose that I am going to attempt to presume a certain level of competence that people should have, even though I know that if I were to get into details with many people I will find that a lot of people do not tend to be very good at managing their finances, but on a basic and general level I am still not getting into whether they are good at managing their finances, I am getting into telling them that they should figure out how to include bitcoin into their lives... and they need to figure out the specifics.. even though of course, I will tend to attempt to answer questions when people have them... especially it comes to bitcoin, and if they start to talk about various shitcoins or throwing out the term "crypto" (which does sometimes happen if you just approach some random persons) then I will attempt to clarify that I am not talking about investing into "crypto" or shitcoins, and then at that appoint attempting to clarify that bitcoin is different.. and then once their eyes start to glaze over because they are not really interested in the topic or they are already lost in the topic, then maybe at that point it would be time to change the topic.

So if someone really wants to engage on the topic, then that may well be a different story.. and provoke even more conversation.. and from my perspective, there will frequently be needs to clarify between bitcoin and shitcoin (and crypto) just to continue to clarify what I am trying to talk about and sometimes to attempt to respond to any of the misconceptions that they might have if they are getting their information about bitcoin from the mainstream media.. which surely it is not going to be as probable to find some random person who really actually knows the difference between bitcoin and shitcoins and crypto and even knowing the difference between holding actual bitcoin and/or having bitcoin on exchanges (having third parties holding bitcoins, which at best are claims/vouchers to bitcoin rather than actual bitcoin). So it can take a while to get through these kinds of discussions with actual understandings and not getting caught up upon various misunderstandings that seem to be quite widely spread if any of us talk to random people on the street or in real life meaning our friends, relatives and other acquaintances that we meet in real life.

It does not hurt to know that these days whenever we talk about bitcoin, that we are likely going to be interacting with people who may well have quite a few too.  It's just part of our current landscape that information is all over the place out there, and maybe from time to time we might get lucky and find some people on the street who actually know a lot more than the average person about bitcoin, and it is true that from time to time, I have met those kinds of people in the real world, too.


That comes off as a bit patronizing to me.

I agree that a lot of people do not know how to manage their money very well, but the fact that a lot of people are not good at investing is not going to stop me from telling them about bitcoin and telling them that it would likely be to their advantage to look into it sooner rather than later.  They are still responsible for what they do, even if I am telling them to get the fuck started asap... and good luck.  I am not responsible if they fuck up how much they put into bitcoin or how they go about their investment or how they manage their finances.. but I do feel that I have to make sure that they understand that I am referring to bitcoin and not to shitcoins, not to crypto and not to ONLY having price exposure.. while recognizing that it can take a while for someone to figure out specifics, and if they engage and ask questions then I will do my best to answer from my opinion and experiences, and they won't know my opinion and experiences unless they engage and we end up going back and forth for a while to see that they are actually interested..

Another thing is that personal finances seem to be an area in which people have to be willing to discuss.. and those kinds of areas can end up being quite sensitive discussion areas, too... so there can be some balancing back and forth and also there can be some reluctancies to share too many personal details too.. So, even I am careful to try not to overly share, so maybe instead of talking about specific amounts, I might refer to hypothetical amounts.. such as saying buying $100 of bitcoin per week or something like that... which again depends on the other person in terms of if the other person might bring up his/her own specifics in terms of some investment that he has or maybe some kind of budget amount that he is thinking about, and then our conversation might go in the direction of their hypothetical (or their personal example) rather than my hypothetical.


We are not selling anything.  I will tell people that it is up to them to do whatever they like.. and I give less than two shits if they actually buy any bitcoin or not.. but it would likely be to their advantage to look into the matter, then to take some action to establish a bitcoin position.. and everyone who invests at all should attempt to figure out their bitcoin position and a good starting position is anywhere between 1% to 25% of their quasi-liquid investment portfolio, but they still have to figure out if those numbers work for them and how to get them to work for them if they are going to end up choosing to get started in bitcoin.


It is up to people the extent to which they want to take anything that I say seriously.  If they have erroneous perceptions, then sure maybe I will attempt to help them for a while, but if they are not taking any of the matters seriously, then I am not going to want to spend very much time with those kinds of people because we are not communicating sufficiently well in order to be valuable use of time for either of us.

There always a strong power above the strong hands buying ...

too much propaganda has been made in the last 10 years of bitcoin growth , all of them failing though and bitcoin keep moving in the right direction , a lot of mainstream media dumping about bitcoin as we might know that bitcoin is the greatest threat for the banking system , we know who did it right? just the matter of time even we are in the bearish times .. the value in bitcoin will always there stays.

This is just grabbing the opportunity we know the market is currently down and of course if you have some funds and trust the bitcoin itself and make another possible All time high it could. happen again and this is the right time for accumulating a lot of coins especially bitcoin people now are seeing the price as at the bottom so if the price drops again they don't care because they are looking forward to the long-term investment

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

The motive behind jumping into shit coin market for new crypto entrants is, those coins/tokens are available at thruway prices, and you can buy millions of coins in few dollars & investors think, these investments of few dollars will make them rich when market turns around, but it is unlikely to happen.

Thanks.  Many times, I just try to bounce off the ideas of others, and it is true that there are a lot of us who will sometimes have really bad information and practices regarding money management matters that would allow us to even be able to invest, yet money management seems to be one of those kinds of skills that anyone can improve - especially the basics, and the more time that s/he works at improving it, then the more likely s/he will be able to develop systems in which s/he is able to profit from investing (rather than devolving into gambling).  Sometimes we might not even recognize the difference between investing and gambling until we have practiced, thought about it, and practiced some more.


There is a kind of human nature appeal towards shitcoin marketing ideas, and many of us are easily trapped into a variety of shitcoin marketing tactics.  So I can surely relate to the actual ongoing prevalence of ideas that are tied around shitcoin marketing ideas.  For example, people might even "know that shitcoins" are bad, so they will stay away from them, but then they believe that bitcoin is a shitcoin too.

It is similar to the fallacy that libertarians make.  There will be assertions of so many correctly wrong things that governments do, so then the solution will be to just tear everything down and not appreciating that sometimes there can be positive aspects to government - but frequently it all just gets lumped into frustration.. even by very smart people.  There are some really smart people who are "into" shitcoins and frequently what they say makes a lot of sense... so it can surely take a while to sort the wheat from the chaff.. and the wheat is bitcoin, as you seem to realize and appreciate... and actually, sometimes we might not even be sure if we are hitched to the right horse.. especially while we are learning.. or new to bitcoin (and/or crypto/shitcoins).

You are absolutely right that investment is not gambling, I think there is a fine line between gambling and investment which we all human fail to understand when we are under the influence of greed emotion. In fact, when we buy Bitcoin, we make investment in a precious digital asset but when we buy shit coins, we gamble with our money and chances of winning are very slim because gamblers rarely win in casino.

Maybe you are a strong hand to buy and buy Bitcoin, but sometimes we forget to give directions to those who don't understand how to use it, many of the common people often lose or also transfer their Bitcoin to an address where it shouldn't be sent, and  many experienced players only give them a little knowledge, even just telling them to download an application that they don't know at all, at least we can teach them how to use it first so they can understand the ins and outs of bitcoin, not just telling them to download the Binance and Coinbase applications, according to  I think it's not too important for new users, but it's different if we ask those who already understand or understand the ins and outs of using bitcoin.

Some shitcoiners do believe that they are "investing" in their shitcoin, so they believe that they are "in it" for the long term.. and even try to apply the same principles (such as DCAing into their positions) like is good for an investment like bitcoin but may well not be a very good idea for an overwhelming majority of shitcoins.

It's funny that wishing for something even so hard would likely be impossible in this case.
They are still naive if they do it with shitcoin, and even use the DCA system there? hel this is really they are too confident with that stuff lol

I think such actions are a waste of energy, time and of course money and it would be very strange if someone still did this in the hope that they would benefit from their shitcoin.
bitcoin is still very possible, but shitcoin. this is like making a fool of yourself.

I don't object but I think it's better if you give them knowledge, because when they have knowledge, they will be able to distinguish bitcoin and shitcoin as you say. Second, they should understand everything before investing to be responsible with their money. They can still invest in bitcoin without knowing anything about it, but will they continue to hold it when the market turns chaotic? Knowledge is still something that should be disseminated first.

We can agree to disagree, and I already stated my various reasons in my earlier post including suggesting getting started in getting into bitcoin asap, learning along the way and having some presumptions that people have basic money management knowledge and/or the should be able to learn basic money management practices on their own..

I am not responsible to teach newbies or anyone else basic money management merely because I am telling them to get started into BTC ASAP.. and the essence is that I am just letting them know (my opinion) that it would be a good idea for them to both look into bitcoin and get started ASAP, which includes (without my necessarily having to say it because there is a bit of common sense involved) their making sure that they protect themselves and engage in sufficient and adequate risk management within their own discretion and in regards to their own financial and psychological circumstances.

Edited to clarify the way that I had presented a few of my points

Currently Bitcoin price have going down under $17,000 and right time for re investing, but many conflict interest in Bitcoin and several biggest countries not happy how Bitcoin become popular. I think United State is never allowed for Bitcoin become global legal currency transaction around the world, I know what bad impact when United State make FUD with Bitcoin.

I have optimistic with Bitcoin can reach higher price again, but FUD seems stronger day by day and many bad news make Bitcoin crash from trusted and reputation exchange market crash like FTX until several biggest network get exploit and altcoin top ten position standing in market get drop drastically.

The golden rules of buy low and sell high have never changed and Strong hands are never short sighted like panic sellers as the major difference between the two is that these look at the big picture when these cryptocurrencies will recover overtime, besides the market is cyclical and its all about waiting to catch the right wave before you cash in on your holding before the crash happens again.

For those who are new, there are a few things to consider about before buying Bitcoin. Whether they buy bitcoins and keep them in a proper wallet, whether they have the right keys, overall security issues should be of utmost importance to a bitcoin buyer.

I realize  the best time to buy Bitcoin is when I can afford to buy it. Bitcoin is volatile so its nature makes many investors uneasy but real investors are not afraid of it. Rather, they try to retain it when it comes under their control. Currently Bitcoin price is $16700. Even many are confused that the market dump more? The market can behave differently at any time but in order to profit from Bitcoin, one must buy Bitcoin with his expected range. By using the DCA method, you will be able to control the volatility of your investments and avoid the roller coaster ride. I don't want to encourage anyone with Bitcoin. But right decision at right time is definitely needed. Finally i jsut utter that it is best to invest as much as you are willing to lose. Given the current Bitcoin price and position, I think investing in Bitcoin at this time is the most appropriate.

Honestly, at the moment it is quite normal, simply, in colloquial terms, when making an investment for profit, people always search or buy at the time that is most convenient for them in terms of price, this situation is applicable to any investment. And yes... they are strong hands, but in the world of investments there are two types of people, winners and losers, each one chooses which side to be on, in my case I invested because it is a very good time to do it and with a positive mentality that bear fruit in the future, I hope not too distant.

Therefore we must try to strengthen ourselves mentally so that when the price of bitcoin is like now we can stay calm even though a little panic is quite normal because of course we have our own emotions for that but when we have prepared ourselves of course we won't feel worried with current conditions.
Precisely in this case, we can think of something else by continuing to DCA at a discounted price like now.
Apart from buying at low prices and selling at high prices will do nothing when we just talk and keep waiting for the lowest possible price. but by taking action and continuing to make purchases from now on, this is actually a very possible and certainly profitable thing for the future.

It has long been about conflict over bitcoin with some countries because they want to save fiat and banks whereas from the other side bitcoin will still be decentralized people will like this because of the freedom without having third parties.
The United States is still the dollar being the best currency in the whole world for trade between countries, while several countries have legalized Bitcoin as a legal tool for their country, now the new news that Brazil will legalize it will certainly be an attraction again, even though the United States makes FUD back if we are mentally strong we will not be affected by any FUD, trust bitcoin this will be the currency of the future.

Of course we will have a look at bitcoin ATH later.

Bearish more FUD than positive sentiment so no wonder FUD will get stronger day by day this will not last forever it will definitely end by itself trust me this is all the efforts of a group of whales trying to thwart bitcoin going up but they want to earn the price is cheap, don't trust the exchange too much, there are risks and one more thing, don't expect altcoins, even though there is great support behind it, it will fall on its own, including being exploited, which we often hear about.
Stay away from Altcoins.

I pretty much agree with everything that you say GigaBit. however, much of DCA is to buy at any price until you reach some BTC accumulation goals that you have set for yourself.. and including that maybe it could take you 4-10 years or longer to reach your BTC accumulation goals.. and then once you reach your BTC accumulation goals, it might take another 4-10 years before you are going to start to feel that maybe you are in a position to start to cash out parts of your bitcoin in order that you start to directly and materially benefit from having had spent so much time building your BTC stash....

I am not suggesting that anyone will necessarily have to wait 20 years to materially profit from bitcoin, or even that any of us would necessarily have to sell our bitcoin in order to substantially and materially profit building up a BTC stash.

Largely we are able to profit from building up wealth, even if we are not necessarily spending from our built up wealth.. because having the wealth gives more options including that we may well be way more liberated to spend our dollars more quickly and readily once we have already built wealth in bitcoin, so we would not necessarily have to wait for 20 years or even have to wait to actually directly spend our bitcoin in order to profit from our having had built our bitcoin stash... to whatever level that we are able to do at our own individual level of capability.. and like you seem to be suggesting GigaBit to be aggressive about the BTC accumulation without becoming overly aggressive.

Personally, I do not mind the idea of trying to improve upon DCA by buying on the dip or increasing buys at certain times, but it is not really easy to accomplish and sometimes it is better to just buy without trying to be too strategic about it... because it is quite likely that there is not going to be much ability to maximize dip buying points, and in the very long run, the extent that you might have stacked more sats or bought at lower prices is NOT likely going to make BIG differences  - or at least not as BIG of a difference as the fact that you are just doing the buying ongoingly and regularly.  I recall that for my couple of years in bitcoin (mostly in 2014 and 2015 a little bit in other years, too)..  I was DCA'ing and buying on dips, and I tended to have a weekly timeline in which I tried to make my buys (or at least the weeks that I had an allowance for that week), and surely sometimes I was able to identify dips, but I also had practices where if I had not bought (used my weekly allowance) for that week by a certain date, then I would just buy BTC at whatever the BTC price was at that deadline time.. and then at that point after I bought for that week, I would have my allowance for the following week that I could use for attempting to strategize my buying on the dip for the next week.. and the same thing, if I could not identify any further dip for several days into the week, I would just buy my allowance amount at the end of that following week.. and keep repeating the same thing each week - at least during the weeks that I had established an allowance for myself.

Frequently it can also be painful to continue to buy BTC and even to be attempting to buy BTC aggressively, because frequently it can feel like the BTC price keeps dipping (which it has done for the last year).. so sure now may well be a bottom, but now might not be the bottom, so there likely still remains some will power to keep buying if you are able to buy..and so it can be ongoingly painful financially and psychologically and sometimes we might just run out of money, but if we have a cashflow, we might still be able to buy from time to time when our cashflow is coming in and if our cashflow is enough, even though maybe not every single week and maybe not as much as we would want to because we need to make sure that we do not screw up our cashflow in such a way that we are not able to cover our regular expenses (including emergency expenses too)..

The timeline you gave about bitcoin investment have instilled some important knowledge about investment. I was thinking that I could just invest and maybe sell in few years when the price goes up. But knowing that just like investing in landed properties, bitcoin is saving for the future. 20years might seem to be a very long time but the truth is it is just around the corner. The lesson of ensuring that funds or finances needed for our daily needs as well as for emergences should always be available and not be totally invested out of zeal or uncontrollable aggressiveness is also beneficial. to me. Having a total belief that regardless of the fall, there is hope that the price of bitcoin would recover someday is also very important.  

It is also important that we make plan for our investment incase one dies before the investment maturity date. Our heirs or dependents should be given the privilege of accessing our investment when we are no more.    

Sometimes reading the comments of master Jay is scary because of the length and some technical concepts. But if one is patient enough, they can be very educating and beneficial.

For cryptocurrency and especially bitcoin investment, and it's what you focu on before investment, it's only two factors, which the price situation at the particular time, and secondly the next is the target you have for elongation of your investment, the only convenient time we the investors think that is the perfect time for investment is when the condition of Bitcoin price is suitable for you.

We are not talking about cryptocurrency, here...

Timing is of the essence. The best time to buy for long term investment target is, when market sentiment is negative, Fear and Greed Index is reflecting extreme fear and Bitcoin price is down from 80% to 85% from its ATH.

My learning from experience is that new investors take entry in the market when market is extremely bullish but experienced and smart investors start booking profit on investment, they made during the bear market.

I don't know who is buying in the market, but personally I feel happy and extremely comfortable when bitcoin drops more because I see it as an opportunity to own bitcoin cheaply. As an investment, we should buy at a low price and wait to sell at a high price. There is nothing to fear when the market drops, the more it falls, the more you buy if you want to make big profits. This a very simple rule in investing.

HA HA HA.
Strong hand to buy bitcoin not cryptocurrency. lol

I guess so we are talking for the long term because bitcoin is best for long investment 5 years or more still being in negative market sentiment it doesn't matter that for me all of that there are benefits to accumulating bitcoin in bearish times whereas greed and panic is for people who don't strong on market sentiment they panic more because bitcoin is down 80% from ATH it doesn't need to be thought about because this is part of an annual cycle.

Experience for new investors must be instilled with some strong material to deal with this ordeal, for example, never panic, be able to face bearish situations, buy as many bitcoins as possible and most importantly be mentally strong for a long time, we may already have experience in bookkeeping that is have been earning so far while their new investors are just staring at the investment they are making.

Opportunity now to own bigger bitcoins at low prices but one who dares to buy it will be the dream of the future.

Regardless of anything, in this case it depends on each other's perspective when those who like shitcoin as the path to take is indeed up to them, but indeed in this case they actually also have to be aware that the risk is of course much greater. As for suggesting to immediately switch to Bitcoin, I think it's the most appropriate choice, of course, and I agree with this because being on Bitcoin is much better.
When someone is interested in something, of course they will find it by themselves and indeed we don't need to teach it because it's not an obligation and I think it's precisely by them finding out for themselves this will actually make them have their own beliefs so that without coercion or without words even sweet words they will definitely be here different from when they were taught from the beginning I think it's all about effort whether they want it or not because of course we need to learn to be more independent without always having to be fed by others.

In my opinion, when we are sure, why should we look at some of the existing fuds, because with that you actually lose the confidence to continue to be here, so there are indeed many examples now of people releasing bitcoins, even though they are actually losing money, especially buying at high prices.
Something like this is commonplace because before the current conditions in the past few years there was also a lot of fud but the fact is that bitcoin keeps coming back even ath again and again.

Well one thing is to make sure that anyone we talk to understands that when we are talking about bitcoin, we are talking about bitcoin, and not shitcoins.. so in that regard, we should try to make sure that we are clear in terms of making that point - especially since there is so much wrong information that is generally in the space that convolutes the ideas of bitcoin and shitcoins (and cryptocurrency).  Sometimes our audience will not know the difference and sometimes they might have already formed some opinions on the topic.  If they are already into investing into shitcoins, then they are likely going to be more committed to some of the shitcoin talking points... so the extent to which I might engage with someone who has already gone down the shitcoin path is merely to emphasize my points in regards to ONLY bitcion matters an they are gambling when they are fucking around with shitcoins.  I would not necessarily try to convince them about anything because ultimately it is up to them to figure out what they are doing and how to invest their money, and if they are interested in hearing my ideas, then I might talk with them, but generally, if they have invested in shitcoins they likely have already been vulnerable to dumb thinking and shitcoin misinformation and talking points.


Yes... if someone is already investing into bitcoin or shitcoins or whatever, they have already taken actions, so that likely separates them from a lot of folks who do not do anything, so I am not necessarily opposed to bouncing ideas around if someone is already investing into other areas (such as shitcoins), but sometimes those conversations can become frustrating if the underlying premises are way different.  I tend to talk about the same kinds of things as I do in the forum, and to talk about long term investing, dollar cost averaging, figuring out budgets in order to not overly invest and not to leverage.. but also perhaps trying to find a point that is reasonably aggressive in terms of investing into BTC. .such as $100 per week.. and if they are beginning, I might point out some sources of information such as Swanbitcoin.com. .or maybe I will share some links to information, if we get that far in the conversation and someone seems receptive.  Many times people are not receptive, so many times I will tend to tell them that I don't give any shits if they invest into bitcoin or not, and I will remind them that I am not trying to sell them anything - so in that regard, they are responsible for their finances and figuring out how to allocate themselves and to prepare themselves financially and psychologically for whatever might come in the future.. including ongoing price rises or whatever else we have in-store in the coming years.


Edited:  added answer to this last part that I had overlooked previously.

In the coming years, maybe even 10 to 30 years or even longer, there's always going to be some level of FUD in connection with bitcoin.  Status quo financial institutions, rich folks and even governments are having some struggles getting used to how bitcoin fits into the world as is, so there may well be desires to dampen and/or negatively affect bitcoin's adoption and ongoing building of various network effects.  So in some sense each of us has to balance our own investment choices in regards to accumulating bitcoin and even maintaining bitcoin while accounting for the fact that there is ongoing and persistent FUD.

Frequently, I will tell people that they should not allow the persistent and ongoing FUD to stop them from investing in bitcoin - even though they might still need to consider adjusting their position size to account for if they are concerned that some of the FUD information might be true - or somehow they might not be comfortable with the amount that they have chosen to invest into BTC.  

And, of course, position sizes and amount of allocation to BTC are individual in nature, and it seems to me that the folks who have been aggressive in their BTC accumulating approach (without over doing it) have done much better than folks who have either been whimpy or who have been scared away from investing at all into bitcoin.   There may well be some folks who would benefit greatly from taking a smaller investment size such as 1-5% rather than staying on zero, and surely they do not necessarily need to consider higher BTC position sizes that might end up being in the 5% to 25% levels.

If you're able to hold for long term, at least a year , then there is no way you can be at a loss. There are people who enter in bitcoin market any time and they think they can make quick money out it, which is not realistic. Think about anyone who entered in the market in 2021 at a peak price. He will have to wait at least 4 years to get

If you are able to hold bitcon for at least 4 to 5 years then you will always be in profit. Bitcoin pays maximum benefits to those
 who are the holders for long term. The longer you can hold, the better it is.

Yes, there are FUDs but no we won't re-share that FUD news. We don't want our fellow bitcoiners to suffer. What we are actually doing is to stop those FUDers from spreading false news and constantly damaging this market. Even without the FUDs, it is still possible for us to buy a BTC at cheaper because a bear market can happen naturally.

For those who can't wait about the bear market, they can also buy BTC at a normal market conditions and their efforts are surely going to be compensated as long as they will learn how to HODL their coins tightly. Other than FUDs positive news like the one we have here can still occur. That should act as a counter for the people to gain confidence in BTC.

I know it's cliché but I do think that it's normal for the market to have some crashes, it somewhat an evolution needed for bitcoin to be much greater in the future. FUD's are normal during and a by-product from what has happened during these times and the future is also a mystery but we should know that the market will recover because it always will. And despite of what happened recently, there's no doubt that there's still a lot of investors who bought some of the coins that they'd think that would be more valuable in the future. Let's just be optimistic.

Hard times begots hard decisions and those hard decisions are mostly made by the strong and in this case the financially strong. I'll say anyone shouldn't buy or buy right now but if your financial strength can carry you then you can go on buying more as the BTC current price good at the moment but we ain't sure if it might fall further as we enter 2023 or it will rise as many expects. But one thing for sure is that you can't lose even if the price falls further as long as you have the patience to wait BTC will definitely rise profitably for those that have the patient.  It that doesn't mean we should sink all our finances only into crypto.

It is a good idea to invest at least $100/month (or whatever you can save after your monthly expenses) in Bitcoin and continue doing so, & don't bother much whatever is going in the market. I think this is the best retirement plan for those who are still young and can work 20 years or more before they retire. Their small amount of savings can potentially give them huge reward to enjoy their retired life.

If it's your extra money and you are not going to spend it any moment that would be good savings to put into BTC since it could go tremendously after this bear market. Let's say in 6 months you got $600 worth of BTC that could possibly rise about 20X, that's a huge gain in the long term. That might not be enough for retirement though but you get the point that the more you invest the more you could get. Of course, it may not just go 20x though maybe 50x.

We don't need to buy crypto..

In other words fuck shitcoins.

We are talking about bitcoin here, and surely there are some people who might not have any other investements, so maybe they are balancing their finances between bitcoin and cash.. and then maybe once they get up to a certain level of investment, then at that point they might want to diversify beyond bitcoin, but that does not necessarily mean that there is much if any utility to fuck around with "crypto," various shitcoins or other non bitcoin-related projects that might fall into the category of "crypto." 

Surely individual choices regarding how to invest and how much to invest and whether and how much to diversify into other assets at some point after building an investment portfolio.

There are likely a lot of people who might be at the beginning of their investment journey, and so generally it may well be best to start with just investing into one thing, and bitcoin would likely be a good place to start (no guarantees, of course), and at the same time, it may well not make much sense to diversify beyond bitcoin and cash until getting up to a certain amount - whether that is 20% of annual, 50% of annual income, 150% of annual income or some other amount that the "investor" deems to be reasonable amount to begin to diversify... and maybe just adding one new asset at a time and taking some time to get comfortable with each new asset category that is added (if determined to be added).


Yes.. even though there are not any guarantees that bitcoin will out perform other asset classes, the potential for high levels of return tends to establish that none of us have to gamble or to over invest into bitcoin to be able to profit stupendously in the future from having had established and employed an ongoing BTC accumulation strategy.. and of course, if we are able to be aggressive without becoming overly greedy, then we are likely to have better chances to have great payoffs, but in the last year, we have seen a lot of folks getting greedy and sloppy with their BTC accumulation by overly leveraging and even betting towards BTC prices to go up or sideways in the short-term so in that sense a large number of those folks learned a lesson about pain (and even complete reckage) that can happen when employing overly aggressive strategies in connection with BTC accumulation.

Give me your ideas guys,

I have real job with salary receiving in a month about $500 and have optional choose with weekly payment received or possibility with monthly, I want to know with your ideas here, are better with salary paying weekly about $125 or get full $500 if payment paying in monthly. I have planning want to spent $150 from my salary for investing in Bitcoin.

Do you think good ideas when investing in weekly about $37 or investing every month with full $150, I don't think which one ideas worth when investing in Bitcoin with weekly or monthly time trough Bitcoin can't stable in lower or higher price.

Crypto & bitcoin not same ...
Invest in bitcoin, not in Crypto.

I realized its truth in life because I invested all my dollars (approx $15000) in a shitcoin and decided to hold for a long time.  But believe it or not all my achievements in life are now almost nil.  If I had kept my dollars invested in Bitcoin, I would have expected future profits.  But I invested in a shitcoin with no chance of future profit.  So I humbly say if you want to invest then only invest in Bitcoin.

My life the best mistakes

https://i.imgur.com/w6tPwkK.jpg

PYR the Crypto, my investment.

It depends on your wishes whether the salary should be weekly or monthly but obviously you have to be able to manage your cash flow properly, for example $ 150 invested in bitcoins with a monthly duration and the remaining $ 350 is that enough to live on for you and your family? Of course we definitely have to pay rent and other needs every month and that must be allocated properly so it's not too complicated when we want to set aside for bitcoins but what is clear is that you have to have a plan according to your ability.

It's equally a good idea to invest in bitcoin weekly or monthly, the important thing is that you have bitcoin income every month that you buy, but you have to know that along the way, this method won't be smooth, there will definitely be ups and downs, it's impossible for $150 to be evenly distributed every month, so with what you put aside in bitcoin it's better than nothing.

I myself only go weekly, but sometimes the dollars that are input go up and down, but so far I'm still pretty consistent every week.


It's a shame that $ 15,000 has to be invested in shitcoin which will not expect anything in the future, it will actually make you worse off with shitcoin.
If you already know the best investment in bitcoin then change that shitcoin to bitcoin which is better than you regret it later whereas you are expecting something in PYR token not knowing if it will go up or not.

Change your mindset and think about bitcoin in the future, it seems that if you continue to hold shitcoin in your portfolio, there will be no change at all.

I don't trust shitcoin even though it has a great development in its project.

One more thing you still believe saving on exchanges is more risky than non-custodial wallets.

In any case I like about this point :D
Because telling beginners is indeed a pretty good thing, but sometimes the feedback we receive is also sometimes very difficult for us to digest because it seems as if we are people who are plunging even though we just want to tell you that when you are in bitcoin, you may have to get to know some basic learning first but sometimes we come across as offering people and this really looks ridiculous lol.
But the opposite impression will also look different when we don't even give any advice because it will be seen as someone who doesn't care about beginners. I had this experience a few months ago in the area where I live now when someone asked about what I do with bitcoin so I understand a little about the ambiguity of things like this :D

Hasn't something like this happened, especially maybe for China which has done something like this several times even though in the end they changed their attitude again like they were playing a game and made fud like this fun for them.
And indeed, even though we can't ignore fud, that doesn't mean we also have to get carried away with things like this because this is precisely what makes us falter.
I personally feel about the allocation of btc maybe this can be right because this really also depends on their ability whether they can and are not too burdened and they are ready for the risk because indeed if you force it too this will be a little difficult when indeed when we have to face real life because we live not only about btc but there are several other needs that must be prioritized first btc for me personally is to support my future.

Agree with what you said because it is still to be considered whether $ 88 will be enough for one week for your needs if doing a week or $ 350 will be enough for your overall needs for one month with some other unforeseen needs.
If you look at the salary ratio you mentioned it means you would be committing as much as 30 percent of what you have to be in bitcoin. indeed this looks very good but is it really not too burdensome, because if you push it a little then I think you have to reduce it a little but indeed if this is felt to be enough then do it. that is a very good thing indeed.

Strong hands never get tired of buying Bitcoin in this bearish season, because they know there is a hope of achieving huge amount of money when the price of Bitcoin hit $50,000 in the market. Weak hands are still waiting for the price to decrease more before they can buy and hold because they don't have much money to buy Bitcoin like the way strong hands investors are happy to embrace the opportunity in the market. If this dumping continue till the end of this year, show that next year will be a blessing year to those that invested in Bitcoin.

Personally, I prefer the idea of investing on a weekly basis rather than a monthly basis... yet of course, the amount is kind of small to divide, and therefore, there could be some difficulties with fees or even dividing the amount up into further categories that involve anything other than DCA.

Another thing, even though the amount of $37.50 per week does not seem like a lot of money, it is a pretty large percentage of your income (30% - like nara1892 mentioned).  Hopefully, you are not overly investing into bitcoin, and you make sure that you are able to otherwise cover your various monthly expenses with the remainder of your income (as was mentioned by ajiz138), which would include making sure that you also have emergency funds available.. because it is not a good idea to invest into something as volatile as bitcoin and then end up having to sell some BTC or all of your BTC at a time that is anything other than a time that is completely of your own choosing.

Another thing is that if you are able to manage to consistently invest 30% of your income, then in 4 years, you will have invested a full year of your income... so there can be quite a bit of power and good feeling to have had created an investment portfolio that is potentially in the ballpark of being equal to 1 year of your income... and surely many of us hope that bitcoin is able to appreciate in value in order that your investment portfolio would be more than 1 year of your yearly income.. but surely, at the same time, we know that there are not any guarantees even though also many of us consider bitcoin to remain amongst the best of places that any of us can invest, so long as we do not screw up the managing our investing into bitcoin by not being able to maintain and to secure our BTC stash.


Those charts look pretty damned pathetic, and actions speak way louder than words.

In other words, get the fuck out of shitcoins LDL!!!  It hardly makes any sense for you to show that shit to us, and to say.. ."look at me I hold these shitcoins.... Don't do what I am doing or that what I did... blah blah blah."

The better idea is to get the fuck started with bitcoin, and if you don't have any money left (because you blew it all) then I don't know what to say... but if you are able to invest $15k into bitcoin over the next year, then that would be right around $300 per week...

in other words, it seem to me that the better thing to do is to show us how you have your shit together and that you are building in bitcoin, even if it might take you several years before you are even able to invest $15k into bitcoin.   Get started right away. .stop gambling and fucking around, and take your bitcoin investment seriously rather than as a way to gamble. 

It takes a long time to build up an investment portfolio.  I am not sure how long it took you to save up $15k, but I do know that it can take a long time for any of us to get our BTC investment up to $15k.. and of course, many of us likely have goals to build up our BTC investment so that it ends up having multitudes of value that goes beyond our annual income. maybe 20x or 30x our annual salary before we might start to feel that we have either reached or that we are getting close to reaching fuck you status... but putting value into shitcoins is not going to help you to build your investment portfolio so that you can get to fuck you status or even to make progress towards getting to fuck you status.. rather than just throwing your time, energy and money away.. ..

...... .. so actions.. there is a need for actions.. and specifically bitcoin-focused actions.. and no need to be showing us how much of a loser that you are because you are not ready, willing or able to focus on bitcoin... 

Snap out of it.

but if you can show us that you built your BTC holdings over the next 4-10 years or longer and even to describe your bitcoin building progress on a regular basis (and you do not have to give us actual numbers, either), then that would be way more meaningful than to show us how much you lost on stupid shitcoins.. and there aren't any shitcoins that are really worth considering and/or talking about until you got your shit together and you are able to focus on bitcoin first..

Once you get a decent stash in bitcoin, then sure, if you still want to fuck around with shitcoins, then it would be optional for you to do as a supplement, but the truth, practicality and prudence of the matter is to get you bitcoin stash in order first, before you start fucking around with shitcoins... Don't be wasting your time, energy, psychology, mental power and financial value on that crap.  We don't need to hear about that nonsense... it's a waste of our time to even hear about it..

focus.. focus.


For sure, it is easier to be consistent when you make sure that you have a cushion in which your expenses are clearly already covered... yet you are right that expenses do not tend to be equally distributed through out the month.. or at least it can be difficult to achieve a way that expenses are evenly distributed... also if you project out your cashflow, you may well see that there are periods that you have more extra cashflow and periods where you hardly have any extra cashflow and maybe even negative cashflow, so there can be ways to attempt to even those out by projecting out your cashflows and having built in cushions that you personally create by the way you manage matters, including how you manage how much you invest into bitcoin on a regular basis whether weekly or some other period of time.   


Exactly!!!!!   It means way more to act in accordance with your beliefs, and if any of us continues to fuck around, we are likely going to continue to experience the kinds of results of a person who doesn't know shit and is a "fuck around."  It could take 10 years or 20 years to build a really comfortable investment portfolio.. and when people fuck around, then frequently won't ever get to the point beyond a year or two of progress because they keep having to start over because of their inability or unwillingness to focus.


Yes... Probably no two interactions are going to be the same.  So in some sense we have to figure out from where someone is understanding the matter, and then we may well have to figure out if we are someone who has an ability to communicate with that person.. and if any such conversation might be worthwhile. 


It is still up to us whether we are going to decide to change our bitcoin approach based on such world happenings, and if we come across people who say that they are too scared or worried to invest into bitcoin, then we might remind them that it is better for them to get the fuck off of zero and ONLY invest 1% rather than not to invest anything into bitcoin, and ultimately whether they invest and how much they invest into bitcoin is up to them..

You know the expression:  "people get 'into bitcoin' at the price they deserve."... which largely indicates that if it takes them a while to get into bitcoin, then that's on them.


I could choose to adjust my bitcoin position based on my concerns about FUD.. but usually it is not good to sell on the way down.. but the next time the BTC prices go up I can choose to sell some bitcoin so that my position in bitcoin is not as large.

I can also choose to wait to buy on the way down, rather than actually buying.  Sure, I might regret it later, so in that regard, I have to accept the consequences of choices that I make now and how they might play out several years into the future... it is not always clear about how to balance or whether any rebalancing needs to be done, and some of us will make more mistakes than others in terms of how we choose to go forward with our balancing efforts.


Of course, and if you do not maintain an emergency fund, for example, then you might get stuck selling some of your BTC (or all of your BTC) at a time that is other than your own choosing... So.. in that regard, there can be ways to project out cashflow and to figure if there are upcoming shortfalls in the future that might be able to be addressed now. .or to work towards making sure (or at least increasing the chances) that you do not get into a panic situation.


investing 30% of my income per month on bitcoin seems like a whole hell of a lot when my salary is ONLY $500 per month... but hey everyone has their own way of calculating what is doable and whether they are burdening their finances by investing that much of their income into bitcoin. 

It seems to me that someone making $5,000 per month has way more cushion to work with... but hey, yeah. .each person needs to assess his/her own situation... what's prudent, reasonable and/or doable.

Though saving in such difficult situation, when inflation is skyrocketing, is very difficult for middle class who have limited sources of earnings but still we should save whatever we can do comfortably and invest in Bitcoin. It is also important to spend prudently whatever we earn during the economic crisis and create some extra income by doing more than one job by learning new skills.

Every information and piece of advice here are very accurate and on point but in addition to them all, i will suggest that OP should first discover his kind of personality when it comes to issues of handling money, some are good only with a monthly income flow whereby they can utilize it for every particular needs they have budgeted in other to get them fulfilled, so they can't adopt a weekly flow because it may be difficult for them to gather up the fund to a required rate and same thing we have in the opposite for those only interested on weekly income, there are some financial obligations that can warrant having a weekly flow as long as you can cope with the management involved, and if you're adopting a DCA purchasing pattern for your bitcoin then i think weekly income will also go along in achieving a desired purpose.

I'm pretty sure the people who haven't bought bitcoin at this point are the ones who would never buy bitcoin if it fell much more. Those who haven't bought bitcoin so far are people who don't believe in bitcoin. Because the current bitcoin price is very low compared to its ATH, and no one knows if it will decrease or increase in the near term. Waiting is not the solution, the weak hand is selling and the strong hand is buying.

Whether you have a lot of money or not, I suggest you buy bitcoin now instead of waiting because no one can be sure bitcoin will drop further. Don't let the opportunity pass and regret it, bitcoin waits for no one.

I think the people who have not bought even at such a low price are those, who are not well aware of real worth of Bitcoin and how it can potentially bring about prosperity in their life if they invest in it and hold for long term.

Some people are reluctant to invest in Bitcoin because, risk, uncertainty and volatility is associated with crypto market, that's why it is not suitable for those who don't understand the dynamics of this market.

This is the point because don't let this investment become a burden for them in achieving the target even though it is indeed very good to do DCA every month, of course we also have to think about our daily lives, especially if we already have family dependents, obviously there must be more consideration .
But indeed, when you are stable and feel that you have enough 70% of the remaining salary for your daily needs and to fulfill your personal desires, 30% per month is clearly a very good thing as long as you are in bitcoin, especially in the current conditions, DCA $ 150 per month is clear is a very good thing indeed.

Of course I have paid for the expenses and made them as evenly as possible but there is no specific cushion, but I always have a way to do this so that it doesn't interfere with my spending on bitcoins, as far as I'm concerned, it's like that even though I've done it in such a way for an even distribution but from every month that I notice it's not the same, it means that other needs are still needed, right, so it draws from other expenses and reduces the dollars that are input in bitcoin, but I will assume this is what I projected so far as long as it has been experienced.

the main thing is that cash flow must really be well managed and any planning must be done except for investments because previously this was a part or method that was done long ago so I really can't determine every week on bitcoin at least $ 35 more of that will definitely go into bitcoin, plus the extra money it will be $ 70 if it's negative in spending I should be able to try not to have it at all every week.

The weekly period will continue as it was concluded at the beginning.

My condolences on your investment loss. You are involved in cryptocurrency but you are still involved in the wrong decision. You shouldn't have invested $15000 in shit coins all at once. You know very well that once the sheet coin goes down, it doesn't go back up easily. If you had invested in bitcoins instead of shit coins and held for the long term, you would have had a chance of getting your investment back. But one suggestion from my side is if you get a certain amount of investment back then invest in Bitcoin instead of PYR, ISP very quickly. All these coins can be delisted from the market at any time.

There are only few certainties in life, death, taxes, change and natural law and rest of all is uncertain. Though these certainties may not make us comfortable but we accept them and learn to live with them and move on.
It is 100% true that there is no guarantee Bitcoin will outsmart all other class of assets but still it is worth taking risk, if your financial situation allows you to do so because its supply is limited and its popularity is on rise all over the world.

If the company where you work allows you to receive a monthly salary or be paid weekly, actually it depends on your needs, if your needs are met then I think taking a monthly salary is a good thing, but if the needs in your life are mediocre then you are more  it's good to take your salary every week, at least you can set it aside to collect money, at least if it's collected then you can buy Bitcoin from the rest of your salary that you set aside, but if you have enough for a month then in my opinion you can take a salary  you for once a month, if you want to invest your money bigger into Bitcoin, for the next 2 months or 3 months, and all returns to yourself who did it..

Its like doing DCA and that's one of best strategy to invest in bitcoin rather then buying at one single price. Just to get an idea how much investing 100 per month in bitcoin will give you, see the following diagram. Total amount invested in 3 years will be $3,600 and return is $7,808 which is gain of  (+116%). One can check the results of accumulating bitcoin in DCA manner by varying parameter at https://dcabtc.com/.

Of course I now understand very well that Bitcoin is the best investment ever.  Investing in any other coin has no possibility of profit from that investment or future profit.  Investing in bitcoins can surely give you good profits in future.  I understand the importance of this condition as I invest in a shit coin.  I will wait until the end of this year if the market doesn't improve a bit then I will sell all PYR and invest in Bitcoin and hold until the halving in 2024.

Yes it is also true that all my investments are held between Binance and Kucoin exchange which is very risky and an unexpected event can happen at any moment.  So I will convert all my investments into bitcoins and keep them in a hardware wallet.

Selling during a decline is clearly not expected and I am as strong as I can resist not doing that because I see from several people that I know at the moment and are quite comfortable with their bitcoins. precisely this decrease is used to buy not to sell so this is the importance of good financial management so that conditions like this are still minimized so that it doesn't happen because in any case we also have to be aware that this is an investment not for gambling with all in without caring about daily needs our day and emergency funds of course must be prepared in advance before investing.

Actually, in this case, waiting is also not something bad because there are indeed many people who always do their research independently by looking at their candlecharts, they are still always waiting at prices that will indeed be passed in a decline, even though there are two possibilities, namely success or failure, but this only applies for people who actually understand more and maybe don't really apply to me because in any case I am aware of the quality of myself and I still can't do that so rather than waiting for something that is not too sure then I prefer to buy slowly before prices have soared again.



Because if indeed the plan is for the long term why should we always worry about the short term which is always fluctuating so indeed when we look at plans for the next few years or function for old age then the focus must still be around that and of course we cannot make a benchmark with daily or hourly candle chart when the plan is for the long term so why panic too much about something that is short term because we focus on the long term.

We are at the end of the year, and my hunch is that the market will get worse, and if you are still holding altcoins, you will lose even more. But I want to know at what price you bought PYR and how much you are losing, if the loss becomes too big, it is pointless to sell them. In my opinion, you should hold because PYR is also a potential altcoin, they are still growing despite the harsh bear season.

This thread was created in July 2022. I can confirm that strong hands are still buying because I own a pair of those hands that are still buying. I will buy all the way down, after living through two previous bear markets, this third one doesn’t worry me at all. We all know the drill by now, the strong, wealthy, elite people buy on the way down. You basically do the opposite of what all the wagies & brokies do. Human psychology tells people to sell when things are bad & buy during FOMO periods. You need to train yourself to do the exact opposite of what these losers do.

Now is the time to buy, to plant the seeds that will grow into prize winning crops that you can harvest in the next bull run. Millionaires are made in bear markets when all the rats are fleeing the sinking ship. Now is the time to put in the work to transition into a winner during the next bull market. You can do it, all it takes is DCA strategy, patience & huge fucking balls.

https://media.tenor.com/kAC_kFFQylwAAAAC/diego-simeone-simeone.gif

For long term investment is not matter when convert Bitcoin assets and keep them in hardware wallet, but scalping and daily day trader need exchange market for selling or earn profit few percent without hold in hardware wallet. I sure Bitcoin investment have bigger potential to earn profit than altcoin, I think your decision for selling PYR coin and prefer for buying Bitcoin is right choose after dropping price from PYR right now.

Altcoin controlling by developer and we can't trust him always after several exploit happened with Luna and FTT coin, I think Bitcoin has independent without any one controlling or have bigger supply in their hands, I sure Bitcoin next time halving in 2024 get chance back to higher price.

With this assumption, I don't want to delude myself that some altcoin are also profitable as investment assets. Bitcoin has the potential to be better and more secure than altcoin in the long term, that's because bitcoin was not created to enrich developers, but rather to help users have money in a completely decentralized way.

Adoption is a really good reason to consider as fundamental to making bitcoin a long term investment. Increased adoption means increased demand, and that will make bitcoins more scarce which in turn makes them more expensive.

I'm just suggesting but you're pretty good at taking bold conclusions and it's true bitcoin is a better investment than any other coin so I'm more sure you throw away the PYR tokens and hoard on bitcoin instead of waiting longer it should act quicker because it would be better to buy bitcoin with prices are low right now, year-end is less than 1 week the market is unlikely to move much better, so prepare yourself mentally and go with the patience you have with bitcoin. I do it with bitcoin, shitcoin never existed in me.

You are right, we have to plant as many seeds as possible from now on we will definitely harvest someday that is expected and the popes did this since long ago when the market was down whereas we why not do the same? There are many simple methods to continue to collect bitcoins from now on to myself DCA is the best strategy ever, the rest is a strong hand to keep buying, patience is the main key so I can hold it until the bulls come.
That's for sure, I won't get carried away by any news don't check the market often because it's not needed right now, just want to buy continuously.

For me no, altcoins are not assets that must be invested it will worsen your assets if you put them there.

Actions speak louder than words.

Sure, I don't necessarily expect you to sell all or any of your shitcoins at a loss, and the reality of the matter is that at the time that you invest in any asset/currency you should be prepared for the various price direction possibilities, including having tentative plans regarding how to get in or out.. including various thoughts regarding how to deal with the price moving against you - including whether you would be ready, willing and able to ride your investment to zero as one of the possible options.

At the same time, like I already said, any person who "understands very well that Bitcoin is the best investment ever" will act on that information ASAP rather than saying that s/he will "begin tomorrow" or some contingently unclear day in the future.

I understand that personal circumstances of getting started in bitcoin right away might ONLY allow for getting other aspects of finances and psychology in order before even being able to buy $10 worth of BTC... because sometimes personal finances and psychology are such a mess that there is no ability to actually inject money into BTC.. because as many of us realize, you are not "investing" but instead "gambling" if you have not made sure that you have your expenses covered.. including having some emergency funds (or cushion) available too.


Don't get me wrong.  I am not opposed to guys/gals treating bitcoin however they like, including gambling and trading with it, so long as they know what they are doing - and one of the realities of the matter is that bitcoin serves as one of the best, if not the best, investment opportunties that are available, so in that regard, any strategy that treats bitcoin as a way to gamble or to trade should be attempting to be informed about what bitcoin is and how to balance such trading and gambling.

It seems that many times, people do not sufficiently recognize and appreciate bitcoin for what it is, so in those regards, they do not figure out a way in which they can make sure that their bitcoin allocation is actually realistically balanced in terms of their own circumstances.   

So for example, a person who has already built a $100k investment portfolio and who has concluded that s/he should invest 10% of that investment portfolio size into bitcoin, which would be around $10k or $11k), then if that same person is fucking around with his her BTC holdings so much that it is fluctuating between 0% and 50% and perhaps other variations between because s/he is trading and buying and selling and playing all kinds of games, then it is possible that his/her actions are not consistent with his/her view of bitcoin as an asset class/investment. 

On the other hand if that same person were to invest 10% or so, and then to maintain that 10% in a separate fund, it is possible that another fund could be created that involves trading and gambling with BTC or however that person believes that s/he wants to attempt to achieve personal goals by trading/gambling.  The end result should involve attempting to match personal expectations and accounting for risk management in order to attempt to avoid (or minimize) getting reckt, which getting reckt does not seem to be a very good financial management tool, even though there are people who believe that it would be acceptable to "get reckt" because they are so deluded into believing themselves as invincible and/or perhaps charismatic geniuses... which hey, to each his/her own.. the charismatic genius is not part of my base case way in considering and talking about these kinds of bitcoin investment (or even trading) related matters.

In other words, my idea would be that if any bitcoiner (whether newbie or established bitcoin veteran) has his/her shit together regarding their bitcoin as an investment portfolio, then there can be some dedicated part of the portfolio that allows for gambling and/or trading, even with a good investment like bitcoin.  I personally don't fuck around very much with any of that, except for attempting to trade big swings and to manage risks with the incorporation of portfolio management that so far has been keeping fairly high allocations kept and maintained in bitcoin.

Your idea to allocate a part of portfolio for trading, and gamble with it in trading to increase amount of Bitcoin in our portfolio, is worth trying, though associated with risk. Extreme volatility is inherent nature of Bitcoin but simultaneously, it is also gift for those who can take benefit of such opportunities whenever you are confident that, it is the right time to take entry, but essentially such trades should be secured by using appropriate risk management tools.

For sure, I do not recommend trading or gambling as a base case - but some times people are very tempted to go with all or nothing practices, or they might start to trade with a small amount and then get sucked into more and more and then pretty soon they are putting too much of their holdings at risk.

It tends to take most normal people a long time to build up an investment portfolio, yet at the same time, the lack of patience causes a lot of people to become impatient and also want to attempt to make more by trading or gambling - and the vast majority of traders do not have portfolios that perform better than more straight-forward DCA strategies.  So yeah, in the end, when guys/gals are tempted to gamble, it is usually better to limit those strategies and continue to have their base case as DCA accumulating, buying on dips and various forms of accumulation that do not involve selling in order to buy back lower.

There are some theories that suggest that BTC holders might want to consider at what points do they start to rake some of their profits..

Risto's (SSS) - A Sane and Simple bitcoin Savings plan (https://bitcointalk.org/index.php?topic=345065.msg3697405#msg3697405) thread is one of those   (RIP to Risto)

and sure maybe there are points in which your BTC investment is 100% in profits, 4x in profits, 10x in profits, and at various points, you may choose to sell portions of your BTC.. and you may well be emotionally neutral in regards to whether you are going to use that money to buy back or not (in the event that the BTC price goes lower).....

So let's say that you invested $20k into BTC when prices were below $1k, so that got you around 20BTC.  So when the BTC prices went up to $10k, you had around $200k in value, so you decided to sell 1 BTC, and then when prices went up to $20k you sold another, and so on and so on  up to $60k you sold 1 BTC each time the price went up $10k.  At some point you might start to get nervous because you ended up selling 6 or 7 BTC, so you were down to 13 BTC when the BTC price was up to $69k.. and if the BTC price had kept going up you felt that you did not have very many BTC... so maybe you were able to buy back... and maybe not.  A lot of people do end up screwing up in these kinds of matters because it seems great on paper and in theory, but putting it to practice is not always very easy to figure out price points to sell, how much to sell and at what points to buy back, if at all.

So yeah.. it is possible that selling might ONLY be done when in sufficient profits.. but there still will be questions regarding how much and how to do it.. which likely involves risk management, like you mentioned Sayeds56.

You are right, it is often easier to put an idea or plan on a paper than actually to implement it. This is because implementing plan requires action at the right time & when it comes to trading, emotional control is very important in decision making. In trading, it is important to take an informed decision, though no decision is inherently right or wrong. Right decision in a given situation depends on the goals of the person.

The bottom line is, continue accumulating Bitcoin whenever your find good opportunity and as you advised, sell when you have sufficient profit.

At the last bear market there were strong hands then who are no longer strong hands now. Even El Salvador if not that they are country, it is not easy to buy alot of bitcoin at $50k above and experience bear upto 16k and yet still buying more.
If you already had enough in btc and you don't have much to buy now, don't bother your, wait till your coin appreciate.

As far as I know, El Salvador is still buying bitcoins every day, they are buying one bitcoin daily. In addition, I don't think the strong hands stopped buying, strong hands like El Salvador, Tesla, and MicroStrategy... are the big players who don't remain anonymous and I believe millions of other strong hands are buying and not telling us publicly. Not all are public, just like me and you have never made public the number of bitcoins we hold, even a small number.

Bitcoin is the single biggest investment in the Cryptocurrency Market, Bitcoin always promises good for its investors, as far as I know many people have experienced changes after knowing and investing in Bitcoin both from an economic and other perspective, I think you have done the right thing by investing in Bitcoins. but in terms of profits I would rather suggest that investors who invest their assets in Bitcoin should invest in the long term.


The history of Cryptocurrency's journey and development has been going on for a long time, everyone will certainly know what Shitcoin is saying, Shitcoin is no longer something that is commonly heard, even though Shitcoin will have some changes or developments that might happen I don't think everyone will be surprised anymore towards these Shitcoin Projects, I mean that Shitcoin is extinct and this is one of the Scam projects.


Investing in coins other than Bitcoin or in Altcoins is not so bad, actually there are some very good Altcoins in the Cryptocurrency Market, many people invest some of their assets in coins other than Bitcoin, in the form of Ethereum, but Bitcoin remains the most important investment here. ..

In fact, the one who knows the necessities of life for everyone is the individual himself, including you, friend.
the issue of salary that you want to receive weekly or monthly is also your own, but if there is no urgent need it is better to receive monthly payments, because it avoids the desire to use finances from things that are not effective.
if the desire to invest in bitcoin is actually a very wise thing, as another friend said where if you really want to invest in bitcoin you have to make sure that what you want to invest is the remaining money from the salary received and make sure it is indeed for investment not for anything else.
not forced to buy in units but can do it in installments every month, because it will be more effective than collecting money first and then buying bitcoins.
once again I really agree that making sure of yourself first because all who know ability is your own person, before going to what to do.