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Author Topic: Buy the DIP, and HODL!  (Read 112403 times)
adultcrypto
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Today at 12:18:19 PM
 #11321

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
There is no better way to put it than you already did. I think the moments of indecision are long gone and we are now we are heading to the point that one thing is bound to happen which is either a massive dump or a massive rise. And I have the conviction that the bulls will win as everything is aligned to this line of thought. The market have lingered within a region, giving people enough time to buy as much as they can using any of the method they feel comfortable with. Just like you said, we only have this month to organize our bitcoin collection before it becomes a thing of regret for those still soaked in procrastination. With the US election around the corner, we are truly close to seeing price in a new region different from where it has been ranging post halving.

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Today at 12:47:36 PM
 #11322

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

I agree with you that using the DCA method to accumulate Bitcoin does not guarantee that we will be getting two times our investment at the end of the year because Bitcoin prices can stay stable for several months. The DCA method is easy to understand, but it is dependent on the amount of money and how the individual wishes to invest. However, some individuals who invest using DCA methods, invest once a week, whereas some buy once a month, however, it's necessary to understand that the DCA method is always profitable for long-term investors.

Furthermore, using the DCA method requires an ongoing strategy where buyers are not bothered by the changing price of Bitcoin and continue to accumulate for a long time because the specific purpose of using the DCA method is that you can buy at a high price and buy at a low price for a long time until the investors become successful with their investment.

R


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Today at 03:33:01 PM
 #11323


Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

It is very important for us to face the record straight and concentrate on the discussion of the day, we are discussing about realistic investment not a kind of short-term gambling stuff, if you are making comparison I think you shouldn't be mistaking Bitcoin for altcoin or whatsoever shitcoin out there because the difference is clear.
What points are you trying to make when you say the growth of altcoins are faster when you have already said Bitcoin investments are safe, if may ask, will you consider investing in a realistic and safe asset than investing in an unsafe asset thats capable of dumping totally and keeping you in the state of regret? do you also know that this shitcoins and altcoins stuffs do not increase on their own, the price of Bitcoin controls them all, Bitcoin must appreciate in price before they can increase, though everyone is entitled to their decisions and actions which is personal but I want you to know that this altcoin of a thing is more like a short term investment in form of a gambling and thats not what this thread represent, it is better for you not to go further on this in other not to pass a wrong investment mindset to newbies.

Please I will advise if you are having the mindset of investing in altcoin or shitcoin refrain from it because those are over hyped and unrealistic short-term investment, think towards buying Bitcoin with a good strategy like DCA method thats capable of making you relevant staedily and slowly in the system without any form struggle instead of going ways that can quench your zeal to invest if ugly events takes place, you have already said altcoin dip is more risky, so why indirecting hyping them to the notice of newbies here, please think of bitcoin investment always not altcoin to avoid regrets.


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Today at 03:44:04 PM
 #11324

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping. 
I partially will disagree on this not all are dependent, some are independent as well. The  term likely to be used is "Bitcoin correlation". Bitcoin is said to be highly correlated to as many cryptocurrencies, mostly the top ones but we can not generalize it to all. There are some cryptocurrencies whose price movement is not affected at all by the fluctuation of Bitcoin prices. Price movements on this cryptocurrencies are dependent on so many other factors including the potentials of the coin and what it was created to serve, since they are not decentralized as Bitcoin, partnership can also play massive role when dealing with the price fluctuations.

But in the end everything also remains the same regardless of whether it is called a correlation or whatever in one point everything (shitcoin) refers to the movement of bitcoin because after all bitcoin is the king so in this case we do not need to dramatize further because surely the focus will still be on bitcoin not shitcoin.

Although the strong statement about shitcoin stands alone for example but in terms of quality it is clear that the comparison will be very far when juxtaposed with bitcoin which in the end we have a definite condition where bitcoin remains the best and things like that cannot be debated anymore.

On the other hand, for now I think the discussion is too deviated because in the end our initial focus remains on collecting and buying bitcoin so that it will seem to make less sense when saying anything else, let alone the establishment of shitcoin which is said to be independent considering that it is too deviated from the initial discussion.

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Today at 03:45:47 PM
 #11325

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
Buy now to avoid future regrets. Otherwise, you will keep on missing the opportunity to buy bitcoin while the price is still not too high. Don't be like others who procrastinate and get influenced by others on their decision making, instead do your own research and analyze the best thing you can do for now, so you won't keep regretting in the future wishing you never doubted the price of bitcoin.

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