Bitcoin Forum

While you are scared, El Salvador keeps buying the dip every day.

it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too

what are your thoughts on this Anon ?

Well, good for them I suppose. Currently, I still prefer buying altcoins. That's a dip, but it doesn't feel like BTC is cheap now, when I was buying it below $20,000 last year. I'm not saying that it's a bad idea to buy it now, but I chose another path.

Right now Bitcoin is a golden opportunity. El Salvador is making full use of this opportunity, you will see that they have achieved great things in the future. Those who buy bitcoins now and hold them for a long time can grow their wealth by 3X or 4X in the future. The country of El Salvador will advance much in terms of economy in the future. Because they already own enough bitcoins and in the future when the price of bitcoins skyrocket they will be much bigger financially. You can invest now if you want. Investing in Bitcoin right now means your future is bright.

It is quite interesting and intriguing if you will to see how a country operates now that they have announced bitcoin to be their legal tender. This definitely helps bitcoin’s credibility and legitimacy.

Like you said this bold action is proof that we should have confidence in bitcoin because if a literal country is doing all this then shouldn’t we too?

They're not the only one that keeps on buying everyday if that's true. I'm more fascinated with how Microstrategy and BlackRock does.
It seems that these two giants are having a contest on who's going to have more bitcoins at the end of the day.
But that does sound good right? and at the same time, quite scary as they are having more of it, means that they're more influential to the market then.

There are no reason not to believe bitcoin and crypto currencies would keep rising like they always had been and keep breaking past All time high to create a new one.
Specially when there are a large amount of coins frozen by institutional investors and a sharp growth in interest in crypto.
I don't want to create a FOMO but in my opinion, you are going to lose a lot if you don't hold crypto in near future. If you don't have or want to increase your stock, the current dip could be the best time as we might never see this price again.

He is collecting Bitcoin very wisely but I think that everyone cannot afford to buy bitcoin like him and as Bitcoin is in decreased price so the altcoins are also in dip so if someone cannot buy Bitcoin then it is necessary that he should hold some potential altcoins as price is affordable and everyone who will buy now will be profitable in coming months.

Bitcoin is lower in worth and is a better chance to buy and hold Bitcoin but one should use his own money for such a purpose because using cash of daily requirements or borrowed money can put you at risk. One can buy Bitcoin now because the market is already down so take advantage of the current dumping and sell after the halving pump every coin.

So the current own of El Salvador is 5700 bitcoin. Impressive that a country is really dedicated on what they started. Will the next line up of Presidency will continue what the current management doing? What if someone elected and his anti crypto would be a terrible idea if he gonna order a massive sell of but I doubt that this will happened cause for sure people there like the system on their country, not surr though just a clever hunch.

nice it's now 5,700!  a small country like El Salvador somehow educated its people into learning BTC while other countries are still battling against drugs. Bukele has been known to buy the dip though. he'd been criticised for adopting BTC i guess people who did that will finally see the point of what he is doing. because BTC also saves the country in political conflict.

personally i'm not buying the dip. i still can smell more conflict that might affect investments including BTC price.

It is glad to see that El-salvador took the risk by adopting Bitcoin as legal tender and now is the time that they will harvest the benefits of this bold decision. While it is evident and understandable that cryptocurrencies market is likely to continue growing in coming months and years, given the increasing institutional interest ,huge technological  advancement and innovation is taking place in various sectors of crypto landscape. Nevertheless, it is crucial to note that past performance is not necessarily repeated, it is not guarantee of future performance, therefore always take an informed decision when it comes to investing in digital assets in view of your risk tolerance level and financial situation.

The President of El Salvador has planned in advance to buy bitcoin every day 1 BTC, so this is the only head of state who is consistent with bitcoin, some even say that if bitcoin increases many times it will become the richest country.

Not only Bitget is organizing bitcoin halving other platforms are also the same by giving prizes if they enter the contest, this has become a 4-year event where more will celebrate this halving carnival.

Just waiting for 184 blocks! again according to Mempool. ;)

Op I think this your thread is well suited in the speculation board. And you can't compare El Salvador with individual investors who are struggling to acquire some bitcoin to their portfolio but El Salvador as a country uses the country resources to buy bitcoin so you can bring what Nayib Bukele the president of El Salvador does in the country to buy bitcoin wit another individual because the sources of income are different. And as you said, this is the best time buy bitcoin but if the person has more but it there is no money then then he or she will be just looking at the present price.

The halving is left with 181 blocks to go and that means tomorrow will be the beginning of the halving and it is the best time to buy bitcoin

What else can a crypto investor do in such a situation? The halving is at the door, and the historical chart shows this is the expected correction that has been happening since the first halving period. Those who can tighten their nerve in this current situation and hold their spot position will see good positive ROI in their portfolio. The whole market will be volatile and confused for the next few weeks, and this is the golden opportunity to buy more if someone didn't already. Most of the project has already crashed to 60% so if you are not positive right now, i am not sure when you will be!

The crypto market is broad, we can be hitting harder than exepcted, doesn't belong to everyone, we're here for simplicity, knowing how to spot and stock our portfolio. Dip is very important, I see them as golden opportunities to grab projects at cheaper values, atleast they will be more stable for us I'm the market. Don't relent, always stick to buying the dip and knowing the worth of every single assets in the market. We're here to accumulate solid holdings on promising projects and not based on some random decisions.

Smart money makes more money.  Traditionally over the life of bitcoin anytime you buy the dip you have been rewarded.  The major bullrun won't be seen for awhile so why not build up your stack while you wait.  As the old saying goes buy low and when people are worried and sell high or when people are greedy.

El Salvador, Bitcoin adoption should send a message to countries that still ban it, they should understand that Bitcoin is an investment that is a store of value, and they should remove all the unnecessary stigmas that they attach to it, because the crypto has proven that it has the potentials to keep increasing in price and making the holders richer. I encourage any investor that has the money to buy Bitcoin, in this dip, not to hesitate because bull run will start after halving, and price will begin to surge.

There is not need for this, outcomes themselves will force those countries to take back their bans, this will happen because if one country bans bitcoin and they see that a neighbor country in which this did not happen begins to prosper and attracts foreign investment, just because of their favorable posture towards bitcoin, at some point those same politicians that banned bitcoin to begin with will not be able to ignore such benefits, and they will reverse their decision and make bitcoin legal to hold and to trade.

The original concept in trading is to buy at low and sell at high, which is what El Salvador is doing now. I do not know what the long-term benefit of holding Bitcoin will be to that country as it is still in its initial days. They are the only country in the world trying to improve their economic condition by holding Bitcoin and declaring it as one of their legal tender. A country's economy function on various factors and becoming completely dependent on Bitcoin might not be a good idea.

They can accumulate all they want. Majority of their citizens aren't using BTC...

The confidence of El Salvador leader is really great since we see that he is not backing off on series of correction happens which it can discourage some people since they think they lose once there balances got decrease in value. This really means that El Salvador government knows what they are doing that's why they keep accumulating despite of many challenges happening in this space.

For sure they can see the fruit of the labor they made and trust for bitcoin since there's huge potential for this coin to pump more. I believe this is what El Salvador leader think and he strongly believe on it that's why we can see them accumulating despite of many controversy thrown and discouragement. If El Salvador will became a successful country and they earn a lot of money on their bitcoin investment for sure this will trigger the other countries interest to follow what they do.

to be honest I think el salvador has been making quite the profit already right now so its no wonder that they are so keen in investing in bitcoin much more if bitcoin happens to hit $100k they are winning big time, those money can be used for so many thing including improving infrastructure and so on.
personally I also doing the same but i still have my share of doubts I mean of course buying the dip will also entail the doubt that the market might not recover but with halving just around the corner im pretty optimistic.
i probably will wait until people are selling when the halving occur if that truly happen then add some more investment into crypto with the left over money that I have since i have been full invested in crypto and stock this year.
just hoping to make some good fortune in the future.
if bitcoin somehow could reach $100k then I guess thats gonna be the best for most of us here.
the market itself still going strong though despite the dips but people are buying, I think its pretty obvious in the future that the market will just keep growing.
just hope that the war going on will not affect crypto heavily, hope all things got settled and all peace for us.

I do agree that they are making the right move, it's clear that we are seeing them doing much better, I understand that we are going to end up with a lot more trouble if we do not buy right now because it is going to keep going up and higher, and that means people who take advantage of this situation, will end up making more money.

I believe that people who sell right now will end up regretting their decision and it is not going to be acceptable neither, it is going to be a lot of money gone for them. This is why I believe that the best thing to do right now would be making sure that they are doing a little bit better. I hope that we could see the situation changing and people could end up buying more during this period once again.

Buy Bitcoin while there is a chance because there are still many people who ignore instructions like this thinking the price has dropped or they think $63K is high so it's all wrong if they are in a dilemma with their own situation.

Take the example of some previous investors who took advantage of Dip to buy bitcoin, then they were convinced that someday it would go up, so it is clear that we are optimistic about bitcoin after halving will definitely increase in price, from many opportunities that is what is unfortunate for them.

If I will continue to buy Dip or even the DCA method

Do you think only El Salvador is the one who's taking advantage of this dip?
There are some average investors out there who is also buying small amounts of Bitcoin aside from them. I'm also buying Bitcoins for the upcoming bull run (if it happens :D).

I always say this that every dip = opportunity for us to buy Bitcoin and other altcoins at a much lower price. Instead of joining those newbie investors at buying at the top, why not be patient and just wait for a dip then buy during the dip. I can't think of any other reason why people are still buying at the top aside from the fact that they're getting FOMOed. Well, the halving event is just hours away and trust me, the event will happen like nothing happened. Probably many will talk about it in this forum and in Altcointalk but price wise, there's no immediate effect on it's price.

Bitcoin's price will remain as usual, and the only time that we will experience the effect of the halving is maybe a few months to a year after the event.

Its original concept or trading as short term target buying on lower price and selling later at higher price, difference with El Savador concept in trading as long term target and keep active purchasing bitcoin however on higher or lower price without any planning in the future for selling their bitcoin assets investment although bitcoin raised new higher price.
Seems get stable economy condition I think reason why El Savador not adopt with original concept of trading by buying on lower price and selling after raising at higher price.
I think keep buying dip and always waiting more dip if you have stable financial condition, its not matter how many time bitcoin raise dip price but keep purchase as great opportunity invest in bitcoin at lower price.

Yes, the availability of one to purchase continuously and stably is what everyone should consider. And don't take it for granted when the dip comes because no matter how bullish we are, there will be a lot of times that the market will go through some dips. Don't you miss those times that you'll not buy at those dips because if your goal is to buy during the dips and you're not doing anything, you're not following the plan that you've already set on your mind.

El Salvador is acquiring more Bitcoin by cashing in on the dip while the faint hearted are scared and selling off. Every dip now should be an opportunity for accumulation but only those with experience will understand this and utilize that space. The inexperienced will think buying Bitcoin as it dips is catching a falling knife. No, it's not. Before a major lift to the ceiling (Resistance), there's always that stoop to the floor to gather Support for the upward jump. That's what price does in trading.

Now that halving has taken place today, l want to believe there's going to be another round of dip before the ultimate spike we've all been waiting for to usher in the ATH for this circle.

sometimes buying an altcoin is good enough to have a profit and also the best thing to do is that when we gonna buy some altcoins then we must get the best timing such us when the price is too low then we got a hit to buy but just preferred those altcoins that are trusted enough cause nowadays there are any project that end up Lossing.  So it's better to be wise and secure so research is a must in  the world of altcoins. Cause it will highly volatile without  100% assurances that we hot a profits.

It was a really smart investment and I want to go deeper now that bitcoin suddenly dumped and many altcoins fell in price. So at this time bitcoin plus altcoins can be considered as the best golden opportunity in the crypto market. You can swing either way if you want and that's the kind of opportunity that all investors look forward to. One can buy Bitcoin now because the market is already down so you should take advantage of the current dumping.

Not only El Salvador but all the other institutions as well as individual investors who have understood how the crypto market works have been on buying spree and it's just the noobs who have been selling their hodlings out of panic. I have personally invested in few Altcoins during this dip including Solana and already in profit. It's time to accumulate silently instead of regretting later.

Yep, we always have special cases to talk about, only when things turn out in a way that the crowd does not want will they be less judgmental about the actions of others. El Salvador was true to their goals, and they truly deserved their faith and actions in the face of laughter from those who saw them lose money during their bitcoin investments.

Not everyone can do the process of buying and holding for a long time, so this market always has stories that give us great inspiration about the strategies they have followed.

Honestly and personally, I'm not scared by this condition. Because this is the phase we have to face so far. We have successfully gone through the dark period of the bearish market since 2022. And it is even worse than last season's bullish transition to bearish era, which was truly and significantly sudden. So, that's not surprising or disturbing enough.

It's just that what makes me quite annoyed is that I ran out of free money or fiat when the market was dropping recently, so I couldn't take advantage of this opportunity to increase my accumulated investment assets, especially for Bitcoin and several top altcoins, that's really something I really regret. But what can I do, it can't all be forced.

If you checked the current market trend, Bitcoin looks increasing gradually because of the good news of halving. The Bitcoin prise increased to $65k today, it was $60k few days ago. If you want to buy at cheap price, you have missed it. You should buy it when the price was around $60k.

Although investing in Bitcoin is a smart idea, it is basically a high risk investment. We must always be careful to invest in Bitcoin or altcoins. It is not a recommended investment for someone who has no knowledge about crypto and Bitcon itself. Even many people succeed in Bitcoin investment, there is no gurantee that we also will be successful, too.

Even though in the past, it was quite controversial and became a topic of discussion and debate for many parties, but now the situation has become quite reversed. The soaring price of BTC was enough to make various parties feel aware of the right decision at that time. Even though it is currently experiencing a decline, at least it is much higher than last season.

So, in essence, investing in Bitcoin, if you understand the right time, will always have sweet fruit. I personally am very aware of this, that's why we always try to do it as optimally as possible, increasing accumulated assets if we can.

You are right if you buy bitcoins at any time even if the bitcoin market fluctuates we can still profit by buying bitcoins. Especially those who bought Bitcoin towards the end of 2023 have benefited greatly. Of course, we have to be patient when it comes to Bitcoin investment. Many times it is seen that many big investors also lose patience, so we should not lose patience. If we can check the market and invest patiently, we can definitely change our life through Bitcoin investment. In the case of Bitcoin, if we can invest patiently with a long-term plan and check the market, we will surely get success through its investment.

Buying the dip can be very profitable for us especially when we know what project is going to give us good earnings while we hold.
Crypto market is full of opportunities that is going to benefit us from the market. The only way we could make money in the market is when we put on our in strong project that is quite profitable for us. People are making money from this dip and we need to be wise so that we don't finally lose money due to greed of not listening to advise or observing the market very well.

Yes, given the current position of Bitcoin, it seems that El Salvador has indeed taken a bold step towards Bitcoin. I think it's only a matter of time for Bitcoin to grow 3x, 4x from its current price. It's hard to say what the future holds for a virtual currency, but I don't think it's going to have any effect on its current popularity. It is not only if the country has Bitcoin that it will improve financially, but if the price of Bitcoin suddenly goes down, then their economy will go down in an instant. But  I expect Bitcoin to enter new highs in the coming days, those who hold Bitcoin investments patiently will benefit.

Let's take take as privilege advantage of a society accepting bitcoin and Cryptocurrencies for official approved means of payments.
Sonyoux can actually say that again that they're buying of the dip. I can't really say they're because your logical insights could just be as fact that they uses crypto coins for their transactions so, there's expected to be inflows and outflows of bitcoin and Cryptocurrencies in the region.

Since they have a rich president and well prosperous nation nowadays because of their successful war against gangs and drugs, they can easily do that and they are doing the right thing since they can actually manage to fund other important things in their country while at the same time, they buy some more bitcoins in the dip. They can afford to lose it all and they also believe that they gonna make a huge amount of money once bitcoins reach its maximum price or it reaches another amazing breaking-record ATH this halving season.

I agree with you because with the rate of adoption and everyone getting a share of Bitcoin, it will someday be valued like rare metals from space. Imagine how many people we have on earth, imagine how adoption keeps happening and more people are buying bitcoin. But I’m not sure how it will turn out in the end in regard to Bitcoin being used as a currency, it would be definitely crazy if it happens that someday we can use say 0.00001 Bitcoin to buy a house.

El Salvador is country with much huge funds willing to spare on Bitcoin. If I have unlimited source of funds through taxes of the country citizens then I won’t hesitate to purchase more Bitcoin because I can still generate profit consistently even if Bitcoin price plummet.

This is different for retail investors that has limited funds. A simple buy on the top while the price slide and remain low for long term makes our money sleep for a long time unless we cut loss. We don’t have unlimited source of income since we have other daily expenses needed to cover.

That’s why retail investors usually cautious when buying tokens even on dip since there’s always a chance that a follow up dip will occur.

Best and right thing to do. I understand those who will panic and be scared of sudden dips but try looking back on crypto market prices, on how far it climbed since last year, which is for me enough to be calm and to see more of its potential even if a sudden crash will take place. No one's required to fill more of their bags during dumps. But if you are seeking for bigger profit then embracing the risk would be the best thing to do. If you're that worried then choose major coins of this industry; Bitcoin, Ethereum, Solana, and the likes because these tokens will not let you down in a single snap.
Problem is using the economy's fund for a risky investment. What I am referring to, above, is individual investors to take advantage of dips. It is a different story if El Salvador's funds would be on the line simply because many people would be affected by uncertainties unlike with single investors who could manage the risks on a better manner.

Undoubtedly, fear and uncertainty are what make investors hesitant and unwilling to invest during downturns, but from an objective perspective, there are countries like El Salvador, major ETFs, international investment institutions, and investors from prominent businessmen and public figures who invest in Bitcoin in large quantities, and leveraging the time of dips to increase their Bitcoin holdings, this proves that the dips are a fundamental opportunity for any investor to enter, because with the increase in demand and the increase in the market and adoption of Bitcoin, this will undoubtedly make it more expensive and the most profitable investment in the long term.

The halving for Bitcoin was completed a few days ago, reducing the supply while demand increases. If we look back at historical Bitcoin cycles after halvings, we'll find that this event plays a significant role in supporting Bitcoin's surge to record levels, and this is what we hope for in the coming periods.

If you can remember the dump last week, I keep accumulating altcoins. Though it was high-risk, without taking risks, we can't make money from crypto anyway. So ultimately, we have to accumulate crypto at a low price in order to make profits. So currently, I am making profits from my accumulation. I am just waiting for a good time to sell them. My average cost for purchasing altcoin has exceeded. A little pump now could give a good return. 

Buying the dip has been a golden opportunity of buying more of a coin with the same amount that would have given a lesser amount of coin from it's previous high although, it shouldn't be seen as a primary strategy for accumulating Bitcoin but it should be a secondary strategy without over doing it.

I think there are many strategies in buying bitcoin. Buying more is currently the main strategy or you could say the main goal of someone in accumulating bitcoin. But you can't predict the market. Because of this, there are many strategies for accumulating bitcoin, such as short-term trading, futures, or DCA like what El Salvador does.

The long -term targets of every strategy of Bitcoin holding can greatly benefit you. As the level of risk in short-term investment is relatively high, I would suggest to keep this method out of investment. But I find it most acceptable to deposit bitcoin by following the DCA strategy because you can deposit any amount with this strategy.

For me, we should not compare a personal treasury with a state treasury, the impact or the attachment on the player varies as one is a personal resource, while the other is a commonwealth, which was just entrusted in his care. President Nayib Bukele has made more name for himself with Bitcoin adoption and subsequent engagements, but don't you think he is taking too many risks, and perhaps gambling with the national resources? After the ones bought before 2024, I expected a good futuristic person to wait and carefully study the context of "Bitcoin" itself. Many may appraise him or even idolise him for what he is doing, but I don't. All I know is that he is gambling too much with the national wealth and it is an ugly act in all senses, he should give more time to study Bitcoin.

Fine, Bitcoin is a very good project and I love the way he made it a legal tender in his country, but a cautious and conservative approach is the best in all investments in case things do not work as planned. The fact that the money used in buying it is public funds and not personal is more reason why I advise people to be cautious in following his footsteps contrary to what you want them to do.

everyone has a different strategy, if I have to buy I prefer to wait for the halving to finish and buy when the market conditions are bearish. I'm sure that if you buy now the goal is not a long-term investment but rather you want to take advantage of the halving moment in the hope of making a profit in the short term. I'm sure that much bitcoin will not be bought in a short time and I'm also sure that most of it was bought when the price of bitcoin was low, and now they are just waiting for the time to sell.

El Salvador is a country that has adopted crypto transaction so it wouldn't be so surprising to me if they are taking advantage of the dip to accumulate more bitcoin so it can speak for them in the future.El Salvador is a country,so let's go down individually,as an individual how far have you been taking advantage of the dip?the answer to that question is enough money is needed to take advantage of the dip like El Salvador as a country might use their national resources to take advantage of the dip.So we really don't need to have enough before we starting taking advantage of the dip with the little we have we can still take advantage of the dip by accumulating with the DCA strategy.

Accumulating Bitcoin and selling it when the price is higher is the most suitable option but I think future trading is not a better option and in case of Bitcoin it is very risky so one should either accept DCA method or they should buy or sell Bitcoin according to short term trading but this buying and selling should be according to the market changes.

Now the better time is to buy more Bitcoin and hold it either for the short term or for the long term but don't hold so long that you miss all the important days in which you can earn huge amounts of cash with your investment.

DCA is a good strategy, but still, the timing needs to be right. If the market just entered a bear market and you started buying the dip then you will find yourself in a bottomless hole. Right now bull season is in our doorstep and the market can start rallying at anytime. This is the right time to buy the dip and every dip brings a new opportunity to increase your portfolio This can be really life changing if you can manage your risk and keep holding no matter what the market turns into.

I agree because it’s not always that the market dips but this is just a good opportunity to accumulate more when this chance is met. But if you already want to invest even in time where it’s not necessarily a dip then I still would urge you to do so.

Especially if you have already missed the dip but do not want to miss on the raging bull run then I suggest to accumulate in other way.

Undoubtedly, it can be said that the president of El Salvador is one of the biggest Bitcoin lovers today, especially when politicians got approval in 2021 to make bitcoin the official local currency along with the US dollar. Even though the path he has taken has been full of obstacles, even since he announced the news the price of bitcoin has plummeted, but now of course he has made significant profits by buying bitcoin every day.

Apart from his bold actions, he is also now a staunch supporter of Bitcoin. Of course, a country with this level of courage will no longer need to worry about Bitcoin in the long term. I believe Bitcoin will turn El Salvador into one of the richest countries in the world in the future. . So what are you waiting for now? If you want to change your finances in the future, you should continue buying bitcoin, especially whenever there is a downturn.

Since the President of El Salvador, Bukele embraced bitcoin after knowing the importance of it, he has not stopped adding to the countries bitcoin portfolio. What I admire most about him is the use of the DCA strategy, he always buy more when there’s a dip and that tells about his quality as a good investor in bitcoin. This is the country that has also legalised the use of bitcoin and have open doors for more tourist and welcome all. Very soon, as bitcoin is advancing, the country could be a hub of cryptocurrency even though it’s not a first class country or a developed one. The president have taken the right steps, and he’ll enjoy greatly from this step in the near future.

Any can you coin you are purchasing right now you have to be very careful and also consult to your research very well before you invest and hold every person will be telling you to buy now that the price of everything is low in the market final as the price of the market is going high so that in Next month it will make a profit so what you need as a good investor is to watch their environment and check coins that will valuable for to invest and make profits

yes you are right that mate and this is one of the best thing to do once we are investing we don't need to buy once the  halving is running but we can s lot once it's  bearish. Buying in bearish is have a chance that  we can make s lot of profits once the halving will come cause the price will got increase and increase. So the perfect for it is a hen the price deep buy  a lot of coins. And hold it until the next halving.  Last year is one of the best year to buy and for sure those investors how buy a lot then they have s good profits now.

The period after the halving is one of the best times to collect altcoins or bitcoin because the price is stable and tends to experience bearish phases. I looked at history from a few years ago and it did take about a few months into the bull run season and bitcoin potentially hitting ATH again. I have some coins that I bought before the halving and currently I have a loss of around 30%. But I will not sell it and will return to accumulating coins at the current price which I think is still very cheap.

It is important to remember this when a good investor buys more in a bear market because you may have bought something at an average price and after a few days the price goes lower, you can buy more if you have the financial strength to invest which will show up in your portfolio at the average price and then more. Guaranteed sale at high prices. If you have fixed long-term investment goals, it is recommended to maintain an aggressive approach to investing in small amounts at regular intervals.Having the freedom to decide which altcoins to invest in after extensive testing where the opinions of investment advisors are evaluated.

It is very bold decision of El-Salvador government to continue accumulating Bitcoin specially during the market dips. Their stretegy reflects their strong belief in cryptocurrencies enduring value. The El-Salvador's decisiom to adopt Bitcoin back in 2021 initially looked skeptical by several analysts, however overtime their decision proved them wrong.

Having events organized by several exchanges is a welcome move and we should actively participate in them to take advantage of such earning opportunity.

The strategy has yet to make an impact as the countries economy is still not doing good. I feel it will take a few more years untill we see any positive impact. Another country that had hiddenly mined Bitcoin for sometime was Bhutan. They never declared Bitcoin as a legal tender but they plan to use those Bitcoin to boost thier economic activities by selling them when the price is right.

We can understand that strategy of El-Salvador will take time to produce desired results considering the current state of their economy and it might take several more years before we see tangible change in their economy. Regarding Bhutan, it was a smart move to secretly use their natural resources for mining Bitcoin, they have not declared Bitcoin as legal tender but they are selling them when the price is favorable. Bhutan aims to capitalize on potential benefits of Bitcoin without formally declaring it a legal tender. This reflects how countries are exploring opportunities being presented by cryptocurrencies.

That is basically what DCA is all about, and some people do that very well and hold it for many years, and some even aim at decades (like me) because we know that on the long run it is going to make us some money. Now, I am going to be honest and the reality is that I do that mostly with bitcoin and not with altcoins, because I see altcoins as a way to make more bitcoin and not make more dollars, I see bitcoin as a way to make more dollars.

This is of course allowing me something much better, which is the fact that I could sell one of my coins and buy something else. Like for example last year I sold my ADA and bought SOL and now I am seeing how great of a decision that was, probably my best ever decision, I don't normally make that kind of good decision but I am very happy with that one.

Yes we can take profit by accepting the risk and this step can only be taken by wise investors of crypto. Crypto is totally risky but if we think about the risk then we will never become so profitable to change our finances.
 
Dumping price is the only way to accumulate some altcoins because at higher price it becomes more risky to invest so I think that if we want to make an Investment then we should not think about the risk at the dumping market but should buy more as we can.

There should be focus on altcoins price which you are holding and if you think that now the price is higher then sell your coin because nobody knows that when the limit of the its peak will end.

Buying the dip is one of the ways we can make money from the crypto market and we should be prepared to make money while holding.
Bitcoin is moving in it own way now and what we need to do is to make sure that we buy the dip. Buying the dip is a good way for us to ride the bull market. We can keep holding if we are certain about it especially when we are ready to ride the market and have the patience to hold for as long as possible. We need to be careful about how we make decisions in the market.
.

What do you expect from a country who had accept Bitcoin as a form of currency for exchange in the country? Last time i heard from a freind over there he said you can literally gift someone a bitcoin and that it is quite formidable to gift someone bitcoin than regular kind of gifts. Now this is to show how important Bitcoin has been in El Salvador. Check the statistics of holders and not daily transactors, you will notice that there are more people who use bitcoin for daily transactions than holding it for long. Which means no matter the price of bitcoin they use it for buying and selling it doesnt mean they have the most investors.

You are absolutely correct that buying the dip can indeed be a profitable strategy because cryptocurrencies market often presents opportunities due to  inherent nature of volatility, there we can capitalize on price fluctuations and ride the potential bull market. It is also important to maintain preparedness to seize these opportunities, while holding onto our investments for long term. This market has never disappointed those who believed in its potential of significant growth in the long term.

So far the market is down, I think this is a good opportunity to stock up. I am currently buying BTC, XRP and TFS. The main thing is to be able to wait as usual. I think soon we will be able to reap the profits from our investments, which we will make already now.

Buying as low as you can try to buy is the best way to get richer when the market normalizes. All the rich investors in the world has gotten richer that way, you wait until something major happens, then when things go down you end up buying those things and then you end up selling it or even keeping it.

You think Warren Buffet got rich because he knew what would make money? Hell his biggest holding is Coca Cola and even Pepsi did better than that, their rival, so he doesn't know which company would do better or not, dude was friends with Bill Gates for 3 decades, and still failed to see the increase there. But then, how did he do it? He invested carefully into boring companies with a ton of money from other people, that's it, specially when those things went down, he wasn't scared and put all his money in during bad times.

I would continue to buy or invest in crypto no matter what price it is, I am investing everytime I receive my salary.
It is my way to secure my future, my investment and even part of my retirement plan.

You are definitely making timely decisions. Investing in crypto for the foreseeable future is essentially a currency for future generations as cash may disappear over time. The next generation may see cryptocurrency as the only medium of transaction which has already been introduced in many countries. I think investing in crypto instead of investing in traditional assets can provide a lot of profit in the future but coin selection process should be done very carefully.

That is a good plan from the future. And as you investing like this you have to have Next of Kin that will inherit your properties or assets when you tired to work so that someone can help you manage the funds. Many people lost their Funds to the financial institutions because they don't have someone they have solicited to take over the fund when they are weak that can't do anything. And I'm cryptocurrency if you don't have such personal to take your money in the old age or dead then they are gone to the internet forever and it the bank. The management will take your money back to themselves. So the best way is to have signatory person to the account so that the person will have access without stress.

While in crypto you can only show the person how to do it and tell the person to invest on his or her own then also show the person your private key. Make sure it is a trusted person. Investing in cryptocurrency is the best and always buy the dip and Hodle.

A thorough and good planning, I think that is also a very smart move, sir. We also have the same desires, it's just that there are several obstacles so that some of our income is not sufficient to be able to buy completely according to our wishes.

Yes. Salary is the first alternative that can be used instead of having to buy coins/tokens by borrowing either from friends or others, even though the nominal value can only be 5%.

How do you work around this to make it work?