Buy the DIP, and HODL!

[MissNonFall9]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

[Ricardo11]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.
Because usually every Bitcoin investor should use money for investment that he can hold for a long time uninterruptedly, and to sustain this investment for a long time, he must have a strong source of income.
But right now you have none, no source of income, and the money you want to use is also waiting for the opinions of your family, and you want to invest for only one year, and you will have to face a difficult situation even if you lose the money you want to invest. All in all, I think it is better for you not to invest right now. Because we can never expect anything good from short-term investments, short-term investments are always risky, so everyone should plan for long-term investments.
So Right now you need to get a job or create a source of income, and then invest that money which you can afford to lose, and decide to hold for the long term (at least 10 years) rather than the short term. Start with small investments first, from which you can gain experience. And lastly, it is better not to do anything without ignoring the opinion of your family, you should Explain Bitcoin to your family and get their permission to invest and you should also be knowledgeable about Bitcoin.

[Samlucky O]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Having good intentions of investing in bitcoin is good but considering the fact that you are a child of middle -class still being taken care of by your parents, and you bearly recieve money or need permission from yours parent before you can do whatever, I would not advise you not to invest right now. You should be capable of taken care of yourself and be in situation where you can be in-charge of all your financial decisions. So you need to have something doing either working and getting paid or if you are skilled you open a small place of work to be buying or selling/rendering services and getting paid then you can be able to invest in bitcoin. But at this stage of your life, if you invest bitcoin while under your parents custody and you left as results of staying alone, surely you will sell your bitcoin too quickly without meeting up your target. And bitcoin is a long term investment which requires self decipline and a serious decition making. but although if you kmow you can be investing even under your parents roof and not having problem of selling too quickly them its fine by you.

[Zackz5000]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Since you are already in this forum you will definitely know more about Bitcoin investment. I don't really believe if you can get a better profit from the little you have invested before since it wasn't for a long time. I also like your sincerity by saying you are a child of the middle class family which shows that you still depends on your parents to do what so ever you want to do, because the increase in price of Bitcoin shouldn't stop you from investing if you have the money and a better source of income which will enable you hodl your Bitcoin for long.
Bitcoin investment shouldn't just be for one year, my advise is that since you don't have enough funds for your Bitcoin investment I will advise you not to go into Bitcoin investment now that you don't have enough funds and a good means of income so that you won't sell out in a short while. Bitcoin investment is not just want we will go into because we had little money with us it is something we need to prepare for and prepare for long, for you need to set aside your emergency fund reserve and discretionary income and also have a source of income before you should think of going into Bitcoin investment so you can able to accumulate Bitcoin either with the DCA strategy and HODL for long which should be from 4-10 and above.

[Tamaperdana]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Even if your knowledge about Bitcoin is still minimal, you can continue to learn Bitcoin while continuing to accumulate your money in Bitcoin using the DCA technique. Because usually knowledge can also be gained from the experiences you experience when you dive directly into Bitcoin. Even the knowledge about Bitcoin that can be gained from direct experience can be extraordinary. So you don't need to hesitate or be afraid if you want to invest in bitcoin, especially if you want to invest in bitcoin in the long term.

Apart from that, if you say that you come from a middle-class family, I don't think this is a problem, because you can accumulate money in bitcoin, whatever you can afford. So the most important thing is that the money you use is cold money, and the nominal value can be adjusted according to your abilities.

Then regarding your family, in my perception, you said that you kept the bitcoin issue a secret from your family. If this is true, perhaps you have a reason. But believe me, if your family knows the potential of bitcoin and the system in it, I'm sure your family will also be very interested in investing in bitcoin. So for now you can little by little give your family good assumptions about bitcoin.

[laijsica]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.

Naturally, for middle-class investors like you, there may be some FOMO in investing in Bitcoin and your positive outlook on investing in valuable volatile assets is certainly commendable and it seems that you are satisfied with some profits in short-term investments. I would recommend that if you have alternative income, then a portion of the discretionary income from it should be directed towards long-term savings and protect your capital through patience from the temptation of getting limited profits. Making long-term disciplined investment decisions through knowledge-based investment reviews such as multiple cycles of 4-10 years shows that you can get a Bitcoin pile and the tendency to save any amount from discretionary income.

However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Honestly, the decision to invest in Bitcoin for a year is a sign of your short-term view which can cause some confusion when properly considered and may not be suitable for getting decent holdings. So for a low income or middle income person, it should be a long term investment decision as it may lead to a tendency to increase holdings with increasing knowledge. The competition to get more money in a short time can be a risky decision for an investor and since you say that the Bitcoin journey is very difficult for you, you should not pressure yourself to invest on an overall level unless you can continue saving in the long term.

[Mayor of ogba]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

It is very clear that you have a shitty source of income from the way you are sounding, and if you continue in this way to invest in bitcoin, you might likely sell your bitcoin investment to survive because you are already finding it hard to sort out your daily expenses, and you are also likely not to have emergency funds, which will help you to solve your unforeseen problems anytime they arise. What you should do now is figure out how you will better your finances so that you will have a good discretionary income that will allow you to invest in bitcoin in a way that it will not stop you from sorting out your daily expenses, so that you will hold your bitcoin investment for the long term. But if you wish to continue investing in bitcoin at this point, you need to stick with the DCA strategy in accumulating bitcoin and don't overdo it or force yourself to be consistent with it since you have a shitty income so that it might not get you off the game, partially or permanently. From now on, always identify things that are most important to you in life so that you will know what to spend your money on, which will allow you to have extra money left to take care of your daily expenses very well without you depending on your bitcoin investment.

[As-Soon-As]

Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.

You will learn everything about Bitcoin slowly and if you are afraid, you will not be able to take risks. You can definitely invest in Bitcoin for a long time, because the only long-term investment with low risk is the most suitable. Note that the only way you can invest in the current Bitcoin market growth is through the DCA method. And if you buy Bitcoin little by little using the DCA method, following the weekly or monthly rules, you will definitely be able to save on the purchase price. So if you invest only in the DCA method, you are more likely to get the most success.

However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

If you know, invest as much money as you can afford to lose, because your Bitcoin investment will depend on how much Bitcoin you can hold and buy occasionally. Your investment will depend on how much Bitcoin you can hold and buy occasionally, following the DCA method, the risk in Bitcoin investment is much lower as it is still in the bull season. Because Bitcoin investment is the safest, if you think about Altcoin investment, you will lose money.

[Tungbulu]

We have guys in the forum engaging in similar kinds of conduct when they sell large amounts of their stash, and even some of them are expecting to buy back at cheaper prices, which might be more pie in the sky fantasies rather than any kind of practical and realistic way of dealing with their BTC stash.. so from my own perspective, I think that it is way more healthy to consider that any BTC that we sell might not be able to be bought back at a lower price, then we will then be forced into thinking about our BTC in terms of whether we really do want to reduce our BTC stash or not, and if we are o.k.k with that, then by how much (with a presumption that we may well not be qble to buy back anything that we carry out in seling).

I wouldn't agree more with your perspective. I also think that it is a very unrealistic approach to sell off a large amount of one's stash with intentions of waiting for a dip so he can buy at a more cheaper price, this approach is nit just unrealistic but also very risky too as it may potentially lead to losses and missed opportunities.

My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.

Investors should learn to adopt a more realistic mindset when it comes to their Bitcoin Holdings because that's the only way they may likely be able to male a more informed and strategic decision concerning their investments, rather than making decisions based on emotional impulses or mere speculations.

[Sim_card]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.

[Promocodeudo]

Even if the price of bitcoin goes above $100k, there is likelihood that it may crash below the $100k again because there are investors that marked $100k as their price point of taking home some profits made from their hodlings and these are basically investors that have been hodling for a long time, though not ONLY long-term investors but there are also short term investors who took advantage of the market when the price was increasing rapidly after the United States elections and their target is also to either take short term profits or even sell off and wait for a DIP price to buy back. And also, the activity of the whales also helped the price gained strength, so we don't know if they want to manipulate the market by allowing the price to hit $100k due to their activities and afterwards they sell their coins. So, there will certainly be corrections after the price must have reached or get above $100k.

Another bull cycle is expected within 3 to 4 years and it's still very far from now because it will be around 2028, so we may not really know what will happen to the price of bitcoin by then but for now, let us be more concerned about the price that is quite obtainable now which is the $100k price target, even if the price will go above or below that in the next bull cycle, it will be another topic of discussion when the time comes. No one knows the price that this bull cycle will round up before the bear season comes since this season's bull run may last till the first or second quarter of next year and we are almost close to the price hitting $100k before next year.

Buddy definitely some people who has been holding and targeting $100k as their own hodling satisfaction limit may decide to sell once Bitcoin hit that price and this may cause a kind of decline in the price of Bitcoin, yea all this things will happen for the future to reset itself, if the whales are manipulating the market at this point for the price to hit $100k it's also fine even though it drops afterward based on some whales decision to sell at $100k miles stone its also good for some of us that have not accumulated enough to keep going higher, what matter is that Bitcoin has given us hope that it can go higher than $100k, that alone should give us the courage to keep accumulating even though it keep declining so that we can meet up with our future goals, we can not tell the plans of whales but what we should be doing right now is to keep our minds off all this distractions so that we can concentrate on achieving our goals.

Since another bull cycle as you said should be by 4years, I think we should be preparing for it, though we wouldn't know what will happen then but what matters to us is that Bitcoin is very futuristic and that should always be what should keep us going, though we are left with our fate but I don't know what giving up is when i make up my mind to do something, biddy your explanations are good but I will advise that we keep doing the needful no matter what.

[sotelorene]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Well first to start with, ln Bitcoin investment you don't have or need to know everything which off cause is not even possible, even the great investors we see or hear of today were once like you and also started like you but along the line they gained more insights. Sometimes, family status is not suppose to be a barrier in investing in Bitcoin as a matter of fact you are from a middle class family which is not bad and again investment is a self determination and self interest something, if you have a target then you have to keep trying and pushing regardless of your background and it's only when you strive you can change your background so your age and family status doesn't really matter.

[Stablexcoin]

We have guys in the forum engaging in similar kinds of conduct when they sell large amounts of their stash, and even some of them are expecting to buy back at cheaper prices, which might be more pie in the sky fantasies rather than any kind of practical and realistic way of dealing with their BTC stash.. so from my own perspective, I think that it is way more healthy to consider that any BTC that we sell might not be able to be bought back at a lower price, then we will then be forced into thinking about our BTC in terms of whether we really do want to reduce our BTC stash or not, and if we are o.k.k with that, then by how much (with a presumption that we may well not be qble to buy back anything that we carry out in seling).

I wouldn't agree more with your perspective. I also think that it is a very unrealistic approach to sell off a large amount of one's stash with intentions of waiting for a dip so he can buy at a more cheaper price, this approach is nit just unrealistic but also very risky too as it may potentially lead to losses and missed opportunities.

What's not realistic? people do it on a regular but that's completely the wrong approach in Bitcoin investment. The dip may never come and by so doing they lost any entry point into the market. Unless they choose to buy back immediately not minding if they had lost either little of their profit or capital because they sold in the first place. Selling and buying back on dips has never been cool to anyone who attempted it this year. This is why it is not a guaranteed strategy, but buying on dip without selling your stash is acceptable. It will only help contribute to your investment aggressively. At the same time, it is still an accumulation but this time aside from the basic strategy you are using to invest you are attempting to accumulate more aggressively.

[Dump3er]

The goal is to hold for a long period and keep accumulating more so i wasn’t implying that people reap rewards by selling their bitcoins but rather seeing the price of bitcoin going higher in such way is also a reward for investors as it will help motivate us more to keep hodling to witness a even higher price. Selling will only make you to lose out and buying back might be a little difficult as the price keeps rising because bitcoin is a continuous train that is moving for a long time so selling is not an option.

Fair enough that you are not planning to sell, yet I also believe that there is another problem in which newbie bitcoin accumulators might become discouraged or caught in a dilemma regarding BTC prices continuing to go up... so yeah, sure there might be excitement that the accumulation that had already been accomplished goes up in value (price), yet still the going up in price ongoingly causing dilemmas regarding continuing to buy BTC (as you seemed to have had suggested).. which may well be the better way of dealing with the situation in order to stay in a proper ongoing BTC accumulation mindset (re-enforced by practice).. .

I think this dilemma that you are describing here goes hand in hand with a post you made elsewhere about the units that people should have in their minds when accumulating bitcoin. If some average Joe sets 1 whole BTC as the goal, it might rather make him demotivated to ever beging accumulating because the price shot up by so much and it is not unlikely to go higher. I brought up 1 mBTC and then you added that even thinking in satoshis can be a good strategy and I agree. But it still takes someone to value the satoshis in the form of an investment with increased future potential value. Otherwise they could step into the dilemma that is the other way around and they feel for the moment, not seeing the value in accumulating satoshis. At the end of the day someone should think about whether or not they believe bitcoin is undervalued. But you can see that there are still some trolls to take the same line for a decade now and how bitcoin will never reach this or that. But the numbers speak so much for themselves and some of the politicans do too by now that it is still surprising how skeptical many people are.

It's not seldom that I hear sentences like "well, I can touch gold, but I can't bitcoin". If they are still in that stadium of how they understand value, it is quite hard to see them gather the least amount of information and knowledge or understanding of the matter, such that they would convince themselves of getting started. And this is not even about the concept of intangible value. Bitcoin's value is very real as soon as you get confronted with its various use cases. If the US government or some of the senators speak about "Strategic Reserve" in terms of bitcoin, then what else is there to understand even for someone who is mostly clueless about the technical matters of bitcoin?

[edited out]

OK, but if we put price-points and technical analysis aside and consider Trump's Bitcoin Strategic Reserve/possibly starting other nation-states to do the same, Chad Saylor's bids/also possibly starting other companies to do the same, and BlackRock/other institutions' spot ETF bids during the current cycle - Shouldn't THAT be enough to make us believe that "never going below $100,000 again" is very possible? Or it's not enough?

Sure.. maybe I remain a bit conservative in my downity expectations, yet personally, I try not to put too much weight on various kinds of macro-factors that may or may not end up playing out and/or getting off-set by other factors, especially when it comes to financial and/or psychological preparations for various possible futures that might happen.

Putting too much weight on various possibilities could lead to behaviors that prematurely eliminate certain extreme outcomes and then leave us ill-prepared to deal with them when they end up playing out.

Sure we don't want to put 20% resources into less than 1% scenarios, yet we should also not want to become overly reliant upon our having sufficient enough information to accurate calculate the probabilities of extreme scenarios.   

We likely already appreciate that since bitcoin is such an asymmetric bet to the upside, we do not have to put everything (or close to everything) into such upside scenarios to still be able to stupendously profit if such upside scenario ends up playing out, and in fact we are better of to continue to keep some downside insurance, even if we are starting to come to highly confident beliefs about certain upside scenarios.

I think that a lot of us have come to understand that one of the things that we would like to achieve down the road, let's say 20 years from now, is to still be in the game, rather than having had engaged in some kind of behavior that had the potential to make us rich as fuck, but ended up recking us to such an extent that we had to start over or nearly have to start over.

A certain value comes from preservation of wealth and also preservation of self.

Of course you are free to do what you want, and sometimes it can be worth the risk to bet a bit heavier than usual, yet sometimes it is also greedy to bet more than prudent levels, and sure we are not going to come to the same answers on the particulars, but there still are some scenarios that are a bit extreme, such as when we prematurely conclude that something is not going to happen and we end up overly betting on the upside and under preparing for the downside, and we could have still ended up being rich as fuck with a prudent approach, so why did we need to try to become rich as fuck plus 5, when that extra 5 was totally not even necessary in the first place, except maybe it was just our ego playing or part of some deeper desires to gamble.

Wind_FURY has a good point here and I agree. If that were to happen that the US government announces and passes a law or a set in stone plan for the acquisition of a strategic reserve in the amount of 800K additional BTC, I think that would create some serious FOMO across so many parties. Everyone would know that the US government is now having skin in the game and thereby creating incentives for themselves to not harm bitcoin in any way, but instead create a promising environment for bitcoin to thrive. Companies like Tesla would probably stock up, pension funds and investment funds would stock up because they now have the real player on board who is responsible for bitcoin legitimization and for the laws that either make it more valuable or more constraint.

I agree that macro factors shouldn't be overvalued or lead to ill-considered decisions on the individual level, like selling your house and putting everything in one basket. But I think it can't be denied that the voices pro bitcoin became louder over time and they came from higher and higher levels in the global power hierarchy. I don't think it would be wise to give too little meaning to it, and neither would it be wise to give too much meaning to it. But it sounds more serious than ever and these intense crackdown threats from many countries in the world have become more and more quiet.

[JayJuanGee]

[edited out]

My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.

You might be able to apply similar ideas to other assets and/or currencies, yet I have me doubts... . since bitcoin is likely the most sound money that has ever been put into existence, which causes potentialities that there could be a step up in its price at any time, and since we cannot know when the step up in price is going to come, then we have to make sure that we are erroring on the side of always being in and being really sparing with any amount of bitcoin that we might sell, especialy whil ew are in early to mid stages of our bitcoin accumulation journey.

Of course, once we get further along in our bitcoin accumulation journey, then we might start to feel that we have more options to shave off our bitcoin at any time, yet at the same time, even if we are further along in our bitcoin journey, we still might want to search out other sources of income or currency to spend first prior to spending our bitcoin (except for in spend and replace situations that shouldn't necessarily end up involving large portions of our stash or spanning over any kind of meaningfully long period of time.. perhaps a day or two at most.).

One of the things about bitcoin is our need to learn about it enough to get it into our head that it is an item for stacking and accumulating and the price does not really matter very much.. just keep persistently, consistently and ongoingly continue to stack it.. and yeah, the more that we stack and prioritize our stacking (through buying, selling does not fit the definition of stacking), then the size of our stack should help to inform us more and more if we might need to customize whatever we are doing in regarding how hard we stack or if there might be periods that we stack less hard or perhaps on a weekly basis we might do our DCA buy yet within the week we might choose to attempt to strategize to buy at low price points within the week.. and there can be variations in regards to how we employ our level of aggressiveness that revolve around our cash management situation too.. so for example if we have very irregular income and expenses, then we may well have to keep quite a bit more cash on-hand and available and as our cushion as compared with someone who has a job that consistently and dependably pays on-time and an expected amount.

[Tungbulu]

[edited out]

✂️✂️✂️✂️

One of the things about bitcoin is our need to learn about it enough to get it into our head that it is an item for stacking and accumulating and the price does not really matter very much.. just keep persistently, consistently and ongoingly continue to stack it.. and yeah, the more that we stack and prioritize our stacking (through buying, selling does not fit the definition of stacking)

I totally agree with you.
I think the major problem is that most investors have quite a flawed perspective of Bitcoin, rather than seeing it as a store of value that not stores the value of their wealth in the long term but also potentially gives them the chance to make some extra profit while at it, they’d rather prefer to focus more on the short term price fluctuations, and this is why many of them often end up making wrong decisions simply because they prioritize sorting for ways to increase or maximize profits by attempting to take advantage of certain risks and this makes them sometimes not to properly calculate the potential risks of the action they plan to take. Rather than this, it’s important to prioritize long term growth and consistent accumulation.

By focusing more on the consistent and disciplined approach to accumulating Bitcoin and by taking full advantage of the DCA strategy, they could potentially reduce the effects and impact of market volatility as well as avoid making decisions that’s potentially lead to losses, because you’ll be able to the clear picture and make better decisions rather then having to making decisions based on emotions and short term price movement.

Just as you’ve rightly said. It’s important to always prioritize maintaining consistent buying and accumulating Bitcoin rather selling, at least until one has attained a ‘Fuck you status’ in his holding, then maybe you can think about periodic selling (smaller amounts of your stash).  Because this is the only way individuals maybe be able to build themselves a solid and long term store of value, and also increasing adoption as well as to also benefit from the network.

What's not realistic? people do it on a regular

And what exactly do you understand by something being unrealistic?
Unrealistic doesn’t in anyway imply that people don’t do it, you need to understand that first. An unrealistic mindset could be generally accepted and adopted due to people’s ignorance of the actual implications.

[Rockstarguy]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

If the price of bitcoin is a problem to you, then you will never invest in bitcoin. For you now the price seems very high to invest that is why you haven't still invest yet, if you wait till next month it is possible that the price can get increase more than what it is right now and you will still regret if you had known it would have been better to invest when the price was lower and you will still not be able to invest when regretting of not buying when the price was low before.

The reason why many people feels the price of bitcoin is too high to invest is because they want to make quick profit and they are never ready to hodl. if high price is a problem to you what stopped you to invest when bitcoin was at the low?. If you really want to invest bitcoin and to hodl,  and not having plans to make profit quick price will never be problem, you can invest at all time knowing with hodling you can get a better profit.

[MainIbem]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

If the price of bitcoin is a problem to you, then you will never invest in bitcoin. For you now the price seems very high to invest that is why you haven't still invest yet, if you wait till next month it is possible that the price can get increase more than what it is right now and you will still regret if you had known it would have been better to invest when the price was lower and you will still not be able to invest when regretting of not buying when the price was low before.

The reason why many people feels the price of bitcoin is too high to invest is because they want to make quick profit and they are never ready to hodl. if high price is a problem to you what stopped you to invest when bitcoin was at the low?. If you really want to invest bitcoin and to hodl,  and not having plans to make profit quick price will never be problem, you can invest at all time knowing with hodling you can get a better profit.

Well, after reading his statement I'm not very suprised cause he said he has little knowledge about Bitcoin therefore I might be right to conclude that he doesn't know about the DCA method hence he won't be worried about the price, lots of people that's missed the opportunity of accumulating more Bitcoin at a fair price did so due to the price cause while they're confused and waiting for it to drop it mostly go higher this period and then you see them regretting. BTC, is on the road to 100k, it's currently at the 90k mark and would definitely get to 100k so if I were him, I'll seize this opportunity to accumulate more but since the knowledge he's got about Bitcoin is not enough to convince him into doing that I'll advise he learn more about Bitcoin, especially about strategies that would help him accumulate more Bitcoins for instance the DCA, that's immune to the volatility of Bitcoin. However he made a statement that he's made profits from Bitcoin with the little he's invested, I just hope he's not one of those who come into Bitcoin investment with the mindset of short-term goals and taking profits from their investment when it's not due, else it would be right to say he's on the wrong path of Bitcoin investment.

[cryptoWODL]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.

Of course, if an investor wants to make more profit on his Bitcoin investment, he must prolong his investment. If the investor buys bitcoins on a weekly/monthly basis, the longer he continues to invest, the more bitcoins he will accumulate in the investment portfolio. We came across a post on Bitcoin discussion board a few days ago that mentioned a man's 8 year long Bitcoin investment. The person was depositing bitcoins at $30 per day ie $210 per week. Thus he prolonged his investment for 8 years, he was able to achieve success by prolonging his investment.



UPDATE: BITCOIN DCA JOURNEY: https://x.com/regothetrader/status/1855234677491073122?t=B09ce6EPbbAV5JyyXrFINw&s=19

[Marvelockg]

The reason why many people feels the price of bitcoin is too high to invest is because they want to make quick profit and they are never ready to hodl. if high price is a problem to you what stopped you to invest when bitcoin was at the low?. If you really want to invest bitcoin and to hodl,  and not having plans to make profit quick price will never be problem, you can invest at all time knowing with hodling you can get a better profit.

Even if you want to make quick profit, how much can you invest so soon to warrant a quick ROI? It's just a short sighted mindset that makes it look like waiting to buy at a low price is the only way that you can easily place yourself at a good profit from your investment.

If you've been investing from the start of the year till now, which other asset class has the potential of giving you the returns you should have gotten by now even if you bought the asset at a time it was even bearish? No one that has done DCA from the start of the year till now is not in a very good profit, this is just a single year consideration, what hapens if you're able to invest for the long run? For a volatile asset as Bitcoin, you can't be too accurate when it comes to timing the market and while you're hoping that it's going to get more DIP, you will eventually find out that it's getting more bullish and that you've wasted a whole bunch of time that you should have used in investing earlier. Good Profitability is one of the ultimate reasons for investing in Bitcoin and to get the best out of it, its best to have a long term plan which allows you the opportunity of investing more and putting you in a good profit.