Buy the DIP, and HODL!

[Mr Reporter]

...

Another scenario is not to take loans in order to buy Bitcoin. You have to return loans by selling Bitcoin and you never know the price of Bitcoin in immediate short term.

Good debts have a good advantage and can be helpful as far as it is what we can afford to pay effortlessly.

Well we all no that good debt has it own repercussion just as you have said it all Good debt has a very good advantage this loan can be beneficiary insurance it can help in wealth improvement and help improve financial stability and i have learned about this loans it is more affordable amd manageable within your financial budget.
Well if this is been used in the accumulation of bitcoin will it be a bad idea? first of all loan is not allowed to accumulate bitcoin using loan to accumulate make its feel like the wrong part of losing, that why most people don't borrow what they can afford to pay.

[bitzizzix]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

Borrowing just for investment is very risky, because investing anywhere including Bitcoin to generate profits that can pay off debts takes quite a long time because it is not easy to predict and this will make you think about debt that has the potential to be your achievement. Don't let you do stupid things like that just because you are tempted by the big profits from some investors whose origins and processes are unknown and rather than borrowing just want to be like them. And if you really don't have the ability to invest using your own money, you should have a plan before doing so by looking for a job so that you have an income and plan to make special savings using money that you can afford to lose or after you prioritize important needs to be invested in the future, or you can invest while working and set aside your salary to be invested routinely every week or every month which is allocated for investment after you prioritize important needs. And not only that, you also have to have a reserve fund or prepare savings as an emergency fund so that the investment you make is not used even though you really need it because you will use emergency funds and if your income is not enough you have to be smart by looking for additional income or side jobs to support all your plans. And this is a very smart and wise plan compared to borrowing just for investment without thinking about the risks and that is highly not recommended.

[Stormisover]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

As you can see the definition of the dollar-cost averaging (DCA) by Google, it involves investing an equal amount of money consistently so even if your discretionary income increases and you also want to increase you DCA amount, it must be done equally at regular intervals. An investor who has reserved funds can still decide to be investing all their discretionary income in buying bitcoin because the reserved can still stand for miscellaneous expenses that you didn't bargain for, so even if you use all your discretionary amount, it won't be a problem for you.

Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the market's fluctuations, aiming to reduce risk and potentially achieve a lower average purchase price over time. Link

The Google may have denotatively described DCA strategy where investment amount has  to be a fixed amount at regular intervals but we need to understand that there is individual financial circumstances surrounding that definition which maybe suggestting rigidity rather than flexibility of investment and may affect some investors considering the fact that different categories of investors are coming in to the market, for sustainability of investment over a long term, there should be a flexibility rather than rigidity in our DCA. Am not comfortable with the idea that our DCA must be a fixed amount.

[Derekfunds]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

What would even be a reason for someone who wants to hold Bitcoin for a very long period to take a loan to invest in Bitcoin? When they have a long period of time, they could accumulate Bitcoin gradually by making use of DCA (Dollar Cost Averaging).

I would just say that he or she is not truly interested in holding Bitcoin for the long term. People who take such risks are often those eager to make quick profits. Their aim is to sell within a short period, and they are considered traders. This is a very bad idea because even trading is a big risk. Trying to take out a loan to outsmart the market is the worst thing such a trader can do.

It is always better for any investor to invest only what they have and can afford to lose. Some people lose money in Bitcoin because of their eagerness to make quick profits in Bitcoin.

The holding period isn't the main focus, but the accumulation target. If there are sustainable ways you can leverage on good loans that you can repay easily in order to maximize dips when they present themselves in order to get more quantities at reduced prices just like I described above, then I think the investor is employing good strategies to drawing much closer to his accumulation target at a faster pace and the faster you get to your accumulation target, the easier and faster it is for you to get to over accumulation stage and definitely, the more BTC the investor has gathered even before his holding period elapses and overall, the more financial cushion he has with his investment.

You are actually making sense but Bitcoin investment shouldn't make us go take loan even though we can repay easily because the way we plan things are not the way nature plan things, it  can be possible that after taking the loan with the hope that you can pay back in a given period of time, something can or may come up that might make you not to be able to fulfill your promise. Taking loan is not a bad idea but to me I don't buy the idea, I will just keep on accumulating base on capacity even if it is not fast but so long I am consistent and holding for a long period of time I am okay I can't allow my target to put in target or in a state of dilema simply because I want to fasten up my portfolio.

[Sticky Bomb]

We are currently in a dip, an investor who regularly invests $200 weekly and wants to take advantage of this dip can take a loan of lets say $5,000 with an interest rate of 5% in order to buy more quantity of bitcoin at this reduced price. Now, this $5,000 is equivalent to 6 months and 1 week of his normal accumulation timeline if we go by 4weeks for a month calendar and possibly, he spreads the repayment to about a 9 month timeline. The totality of what he is to pay is $5250 and spreading it across his 9 months timeline would see him repaying approximately $146 monthly while he still has $54 to continue his DCA.

Where do you think one can get a loan with an interest rate of 5% and for how long? I asked you because I've not really seen that and for how long. Your Narative is actually wrong because I am still contemplating who is going to give you a loan of 5% to pay all in 9 months. Most loan I've been seeing is between 15% and 35% depending how long it's going to take you to clear the loan.

Just imagine getting a 5k loan with an estimated interest rate of about 15% to 25% although this could depend on your region and what platform you are using to get the loan.
If you multiply 5k × 20% to be paid within 9 months timeframe. That means you are paying 1k extra making it 6k to be paid.

The question here is that what's the assurance that you 5k investment could worth more than 6k in 9 months timeframe. You know that the market is unpredictable and it would make sense to take risks without proper planning for backup funds which is very important.

Check this out https://ycharts.com/indicators/china_loan_prime_rate?utm_source=chatgpt.com
China gives at an interest as low as 3.10% benchmark per annum.  The value for China is from last month.

Switzerland had the cheapest interest rates on personal loans, it was around 2.86% as at 2023, but I'm not getting the accurate figure for now, but it's really low and ranges from below 4% to 12% depending on purpose.

There are others, even African countries like Cape Verde has low interest rates too of below 5%.

[DaNNy001]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

Trying to balance everything is actually the main idea. That's why it's always advisable that before you venture into Bitcoin investment, you should be able to have a job job not necessarily a well paying job but atleast one on which you can atleast draft out something from and put into buying Bitcoin and still not be affected by it and that's why DCA method comes in handy. The amount of money you used in buying Bitcoin should always be your discretionary income and it's shouldn't always be fixed amount because trying to make it a fixed amount is not bad also but it can make you to commit error especially at times when everything doesn't line up but persistent and continuity is the key because the whole point of DCA method is to grow your portfolio steadily for a long period without being affected and if you continue buying no matter how small at the end you will see the results for your self.

You know what they say "ROME WASN'T BUILT IN A DAY' also " SLOW AND STEADY WINS THE RACE".

Although there are other effective method also when investing in Bitcoin like the lump sum buying method too and many others but the DCA method is always preferable if your hands aren't that strong in terms of cash flow.

[JayJuanGee]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

As you can see the definition of the dollar-cost averaging (DCA) by Google, it involves investing an equal amount of money consistently so even if your discretionary income increases and you also want to increase you DCA amount, it must be done equally at regular intervals. An investor who has reserved funds can still decide to be investing all their discretionary income in buying bitcoin because the reserved can still stand for miscellaneous expenses that you didn't bargain for, so even if you use all your discretionary amount, it won't be a problem for you.

Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the market's fluctuations, aiming to reduce risk and potentially achieve a lower average purchase price over time. Link

You are reading that definition (which is an AI construction) too strictly, since DCA can vary based on exact time and also in terms of exact amount and still be DCA.  You could choose to invest 70% of your discretionary income into bitcoin, or maybe you can choose some amount that fluctuates based on some other matters that you consider to be priorities for you.

I would agree that some practices are more strict and consistent DCA, yet I would also argue that individuals have a lot of discretion regarding how aggressive or how whimpy that they would like to be.  The more aggressive they are, then the more organized and strict they are going to need to be in their cashflow management systems.  If they are going to be more whimpy, then they might not even place a very high priority on DCA buying into bitcoin, and almost any amount will work, which would still meet the definition of DCA investing, yet it would be very whimpy in terms of how high of a priority is given to bitcoin...

So surely, whimpiness or aggressiveness are somewhat sliding scale concepts and the AI definition bots are not talking about those kinds of ways of considering your bitcoin investment.  They are also likely not even considering how bitcoin differs from other investments, including that DCA should not be applied to shitcoins, but the AI doesn't know that, since it does not even know what a shitcoin is. Surely, you have options to choose your level of aggressiveness and how much you might vary your own whimpy or aggressive approach to DCA buying of bitcoin based on your own financial and psychological circumstances, including how much you might learn along the way, and sure in the beginning of your bitcoin investment you might purposefully choose to be more whimpy in your investment while you are figuring out your cashflow management and other factors you consider to be relevant towards your bitcoin investing, yet as you become more confident in your own finances and other individual factors, you may well choose to increase the level of your aggressiveness in investing into bitcoin.

We are currently in a dip, an investor who regularly invests $200 weekly and wants to take advantage of this dip can take a loan of lets say $5,000 with an interest rate of 5% in order to buy more quantity of bitcoin at this reduced price. Now, this $5,000 is equivalent to 6 months and 1 week of his normal accumulation timeline if we go by 4weeks for a month calendar and possibly, he spreads the repayment to about a 9 month timeline. The totality of what he is to pay is $5250 and spreading it across his 9 months timeline would see him repaying approximately $146 monthly while he still has $54 to continue his DCA.

Where do you think one can get a loan with an interest rate of 5% and for how long? I asked you because I've not really seen that and for how long. Your Narative is actually wrong because I am still contemplating who is going to give you a loan of 5% to pay all in 9 months. Most loan I've been seeing is between 15% and 35% depending how long it's going to take you to clear the loan.

Just imagine getting a 5k loan with an estimated interest rate of about 15% to 25% although this could depend on your region and what platform you are using to get the loan.
If you multiply 5k × 20% to be paid within 9 months timeframe. That means you are paying 1k extra making it 6k to be paid.

The question here is that what's the assurance that you 5k investment could worth more than 6k in 9 months timeframe. You know that the market is unpredictable and it would make sense to take risks without proper planning for backup funds which is very important.

Check this out https://ycharts.com/indicators/china_loan_prime_rate?utm_source=chatgpt.com
China gives at an interest as low as 3.10% benchmark per annum.  The value for China is from last month.

Switzerland had the cheapest interest rates on personal loans, it was around 2.86% as at 2023, but I'm not getting the accurate figure for now, but it's really low and ranges from below 4% to 12% depending on purpose.

There are others, even African countries like Cape Verde has low interest rates too of below 5%.

I am not against the idea of getting a loan and/or front loading your investment into bitcoin with a loan, yet each guy needs to be able to service his loan apart from the bitcoin investment, he must also account for the costs of servicing the loan.  So yes getting a loan allows for the frontloading the bitcoin investment at the time that the loan is received, and so there could be some advantages of getting bitcoin at cheaper costs, if the BTC price goes up and does not come back down.  There are also risks that the price goes down rather than up, or even sideways rather than up, so if the bitcoin price goes sideways or down rather than up, then the bitcoin that were bought from the loan ends up costing way more than they would have without the loan... and so those are chances that a person takes with a loan, so anyone is more than free to enter into those kinds of loans, and surely it is better (and more justifiable to take the loan) if a person is able to qualify for loans that do not cost as much in terms of fees or even the length of time of the loan is long.

[Wind_FURY]

 👀

In light of the bearish crypto moves, here's some hopium for you.

The 72-day shift of the Global M2 Money Supply still looks good. It's predicting a March 26 beginning of the next big liquidity injection, and it will last for over a month.

Trump's pump was a NEWS pump. News-related pumps (whether hopeful or fearful) aren't normally lasting. This turned out to be no different.



https://x.com/ColinTCrypto/status/1896656256317956438

This person in X is posting that he believes March 26 will be the beginning of another large liquidity injection that would take Bitcoin surging that will last over a month and take it to, perhaps another All Time High?

There's a possibility, but would that be high probability? No pleb knows. Haha. But THAT would be a most welcome possibility, no?

Buy the DIP and HODL for March 26!

Talking about the bolds words in your statement, let's say the guy is right in his speculation of his sentiment about Bitcoin price, don't you think it will be myopic thinking to sell even though it makes a new all time high?

Because in my own perspective, Bitcoin holdings is more favourable to those that hold like in  timeframe than holding because it makes a new all time high, do not forget that Bitcoin is no where near it peak price, just imagine on your own how much the value of Bitcoin might have gotten to in 12 to 20 years time from now?

These alone gives me the conviction that selling because it makes a new all time high is not the best possible way to milk the best possible revenue from your Bitcoin investment, because since Bitcoin is an asset that appreciate in value overtime, their is a higher probability that it can go up to a million dollar or more in the future, if you can hold a little bit longer.

Ser, you have gotten the context VERY WRONG, and MISUNDERSTOOD what's being said.

What the actual point is, ser, is if that person is lucky, and therefore might have made the right prediction, then buying Bitcoin before March 26, DURING A DIP, would be one of the Golden Opportunities that many of us plebs are looking for to Buy and HODL Bitcoin. Because if there's an actual liquidity injection on that date, we may never see Bitcoin fall to these price levels AGAIN.

 

It's good that you clarify your statement, and am actually wrong for thinking in that direction because much anticipation points to the urge of making short term gains, which I don't think it's the best way to milk the best possible result from your Bitcoin holdings, but since you are trying to point at the fact that this opportunity that presents itself should be properly utilized now that it's available, it's good, but on my own part, I prefer buying and increasing my stash regardless of the market condition since am still far behind and a low coiner for that matter, so it wouldn't be ideal for me to waste anytime further, this is actually the best buying opportunity that may ever present itself just as you have said already, so the best we can all do is to do the needful now that the opportunity is still available.
Thanks for the clarification once again.

The actual point is always the same - HODL. The market is currently giving us the plebs another Golden Opportunity to purchase more units of Bitcoins for the same amount of money that we would've spent to purchase Bitcoin at higher prices.

If you loved Bitcoin when it was $100,000, then you should absolutely love Bitcoin with a 20% DISCOUNT, no?

[DubemIfedigbo001]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

As you can see the definition of the dollar-cost averaging (DCA) by Google, it involves investing an equal amount of money consistently so even if your discretionary income increases and you also want to increase you DCA amount, it must be done equally at regular intervals. An investor who has reserved funds can still decide to be investing all their discretionary income in buying bitcoin because the reserved can still stand for miscellaneous expenses that you didn't bargain for, so even if you use all your discretionary amount, it won't be a problem for you.

Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the market's fluctuations, aiming to reduce risk and potentially achieve a lower average purchase price over time. Link

You are reading that definition (which is an AI construction) too strictly, since DCA can vary based on exact time and also in terms of exact amount and still be DCA.  You could choose to invest 70% of your discretionary income into bitcoin, or maybe you can choose some amount that fluctuates based on some other matters that you consider to be priorities for you.

I would agree that some practices are more strict and consistent DCA, yet I would also argue that individuals have a lot of discretion regarding how aggressive or how whimpy that they would like to be.  The more aggressive they are, then the more organized and strict they are going to need to be in their cashflow management systems.  If they are going to be more whimpy, then they might not even place a very high priority on DCA buying into bitcoin, and almost any amount will work, which would still meet the definition of DCA investing, yet it would be very whimpy in terms of how high of a priority is given to bitcoin...

So surely, whimpiness or aggressiveness are somewhat sliding scale concepts and the AI definition bots are not talking about those kinds of ways of considering your bitcoin investment.  They are also likely not even considering how bitcoin differs from other investments, including that DCA should not be applied to shitcoins, but the AI doesn't know that, since it does not even know what a shitcoin is. Surely, you have options to choose your level of aggressiveness and how much you might vary your own whimpy or aggressive approach to DCA buying of bitcoin based on your own financial and psychological circumstances, including how much you might learn along the way, and sure in the beginning of your bitcoin investment you might purposefully choose to be more whimpy in your investment while you are figuring out your cashflow management and other factors you consider to be relevant towards your bitcoin investing, yet as you become more confident in your own finances and other individual factors, you may well choose to increase the level of your aggressiveness in investing into bitcoin.

We are currently in a dip, an investor who regularly invests $200 weekly and wants to take advantage of this dip can take a loan of lets say $5,000 with an interest rate of 5% in order to buy more quantity of bitcoin at this reduced price. Now, this $5,000 is equivalent to 6 months and 1 week of his normal accumulation timeline if we go by 4weeks for a month calendar and possibly, he spreads the repayment to about a 9 month timeline. The totality of what he is to pay is $5250 and spreading it across his 9 months timeline would see him repaying approximately $146 monthly while he still has $54 to continue his DCA.

Where do you think one can get a loan with an interest rate of 5% and for how long? I asked you because I've not really seen that and for how long. Your Narative is actually wrong because I am still contemplating who is going to give you a loan of 5% to pay all in 9 months. Most loan I've been seeing is between 15% and 35% depending how long it's going to take you to clear the loan.

Just imagine getting a 5k loan with an estimated interest rate of about 15% to 25% although this could depend on your region and what platform you are using to get the loan.
If you multiply 5k × 20% to be paid within 9 months timeframe. That means you are paying 1k extra making it 6k to be paid.

The question here is that what's the assurance that you 5k investment could worth more than 6k in 9 months timeframe. You know that the market is unpredictable and it would make sense to take risks without proper planning for backup funds which is very important.

Check this out https://ycharts.com/indicators/china_loan_prime_rate?utm_source=chatgpt.com
China gives at an interest as low as 3.10% benchmark per annum.  The value for China is from last month.

Switzerland had the cheapest interest rates on personal loans, it was around 2.86% as at 2023, but I'm not getting the accurate figure for now, but it's really low and ranges from below 4% to 12% depending on purpose.

There are others, even African countries like Cape Verde has low interest rates too of below 5%.

I am not against the idea of getting a loan and/or front loading your investment into bitcoin with a loan, yet each guy needs to be able to service his loan apart from the bitcoin investment, he must also account for the costs of servicing the loan.  So yes getting a loan allows for the frontloading the bitcoin investment at the time that the loan is received, and so there could be some advantages of getting bitcoin at cheaper costs, if the BTC price goes up and does not come back down.  There are also risks that the price goes down rather than up, or even sideways rather than up, so if the bitcoin price goes sideways or down rather than up, then the bitcoin that were bought from the loan ends up costing way more than they would have without the loan... and so those are chances that a person takes with a loan, so anyone is more than free to enter into those kinds of loans, and surely it is better (and more justifiable to take the loan) if a person is able to qualify for loans that do not cost as much in terms of fees or even the length of time of the loan is long.

Hi JJG, I believe you quoted wrongly in your reply here, maybe you can adjust it to be more readable.

Loans aren't bad, it becomes of more advantage of the prices of BTC continues going up within the repayment period, but I'll still maintain that if you can avoid it while remaining committed with your DCA, it's a better option since DCA still allows you to buy across dips to and tops to smoothen the effect of volatility on your investment.

It would be more painful if after taking such loans and Bitcoin price continues going down, then he bought lesser quantities with same money and is still paying interests. Such investor might even terminate his accumulation journey out of frustration. That's why it's advised to remain as much aggressive as you can without overdoing it, so you don't experience discomforts that might threaten your ongoing accumulation journey

[Promocodeudo]

Why are you going back to your nonsense talk about waiting for dips, or that we should be hoping for more dip?

There is no reason to wait for dips or to store up for buying dips that may or may not end up happening - especially for newbies.

Sure, if you have spent a cycle or two accumulating, like Wind_FURY , then maybe you can afford to wait for dips, yet I doubt that Wind_FURY ever did engage in a practice of buying bitcoin regularly, persistently, consistently, ongoingly and perhaps even aggressively, so perhaps Wind_FURY has not even been able to outperform a strict and straight-forward DCA strategy, since he seems to enjoy so much the employment and the marketing of a waiting strategy.  $24-$29k prices in October 2023 did not work out so well for you, Wind_FURY, since you were so busy waiting for $20k, so you failed/refused to buy BC in the $24-$29k prices in October 2023.

You're very much on point and I totally agree to the facts you've outlined, in as much I know that everyone has there  decision to make concerning any investment they has chosen, I think we should understand the way things are been done in the particular investment, let's not forget that every investment has a concept, what's is even buying the dip in the first place, that's waiting until the price of Bitcoin drops before one can buy right, when we keep emphasizing on DCA method of acumulation that helps investors to acumulate Bitcoin as much as we can consistently with the amount we can afford on a daily,weekly or monthly bases and hodl for a long-term, on a general note this method allows us to buy all the time both during the dip and the upsurge, we don't necessarily have to wait to buy at a particular market price, what if the price keep rising, will we still wait until it dips, for me anyone having this kind of mindset is not ready for bitcoin investment, I think there are things we shouldn't be saying if we are old folks in the said investment to avoid making newbies think otherwise  on how to invest.

For me I think there's no need to wait even as existing investor, investors can also keep investing slowly and steadily then plan to buy aggressively during the dip since is what they want, am not an advocate of waiting for the dip because I know what procrastination can do to an intending or existing investor that has a good plan to invest in Bitcoin but refused to do it when they have the zeal to do so.

[Popkon6]

 👀

In light of the bearish crypto moves, here's some hopium for you.

The 72-day shift of the Global M2 Money Supply still looks good. It's predicting a March 26 beginning of the next big liquidity injection, and it will last for over a month.

Trump's pump was a NEWS pump. News-related pumps (whether hopeful or fearful) aren't normally lasting. This turned out to be no different.



https://x.com/ColinTCrypto/status/1896656256317956438

This person in X is posting that he believes March 26 will be the beginning of another large liquidity injection that would take Bitcoin surging that will last over a month and take it to, perhaps another All Time High?

There's a possibility, but would that be high probability? No pleb knows. Haha. But THAT would be a most welcome possibility, no?

Buy the DIP and HODL for March 26!

Talking about the bolds words in your statement, let's say the guy is right in his speculation of his sentiment about Bitcoin price, don't you think it will be myopic thinking to sell even though it makes a new all time high?

Because in my own perspective, Bitcoin holdings is more favourable to those that hold like in  timeframe than holding because it makes a new all time high, do not forget that Bitcoin is no where near it peak price, just imagine on your own how much the value of Bitcoin might have gotten to in 12 to 20 years time from now?

These alone gives me the conviction that selling because it makes a new all time high is not the best possible way to milk the best possible revenue from your Bitcoin investment, because since Bitcoin is an asset that appreciate in value overtime, their is a higher probability that it can go up to a million dollar or more in the future, if you can hold a little bit longer.

Ser, you have gotten the context VERY WRONG, and MISUNDERSTOOD what's being said.

What the actual point is, ser, is if that person is lucky, and therefore might have made the right prediction, then buying Bitcoin before March 26, DURING A DIP, would be one of the Golden Opportunities that many of us plebs are looking for to Buy and HODL Bitcoin. Because if there's an actual liquidity injection on that date, we may never see Bitcoin fall to these price levels AGAIN.

 

It's good that you clarify your statement, and am actually wrong for thinking in that direction because much anticipation points to the urge of making short term gains, which I don't think it's the best way to milk the best possible result from your Bitcoin holdings, but since you are trying to point at the fact that this opportunity that presents itself should be properly utilized now that it's available, it's good, but on my own part, I prefer buying and increasing my stash regardless of the market condition since am still far behind and a low coiner for that matter, so it wouldn't be ideal for me to waste anytime further, this is actually the best buying opportunity that may ever present itself just as you have said already, so the best we can all do is to do the needful now that the opportunity is still available.
Thanks for the clarification once again.

The actual point is always the same - HODL. The market is currently giving us the plebs another Golden Opportunity to purchase more units of Bitcoins for the same amount of money that we would've spent to purchase Bitcoin at higher prices.

If you loved Bitcoin when it was $100,000, then you should absolutely love Bitcoin with a 20% DISCOUNT, no?

This is perfect for buying dips, you see that the Bitcoin market is down right now, it helps the holder to buy more additional dips. So the 20% percent discount for buying additional dips without the DCA method attracts investors more. The more investors buy Bitcoin dips, the more Bitcoin dips will be deposited in the portfolio without the DCA method investment.
Basically, I am attracted to this investment and buying dips, so I am collecting money to buy Bitcoin dips.

[Barikui1]

The actual point is always the same - HODL. The market is currently giving us the plebs another Golden Opportunity to purchase more units of Bitcoins for the same amount of money that we would've spent to purchase Bitcoin at higher prices.

If you loved Bitcoin when it was $100,000, then you should absolutely love Bitcoin with a 20% DISCOUNT, no?

This is perfect for buying dips, you see that the Bitcoin market is down right now, it helps the holder to buy more additional dips. So the 20% percent discount for buying additional dips without the DCA method attracts investors more. The more investors buy Bitcoin dips, the more Bitcoin dips will be deposited in the portfolio without the DCA method investment.
Basically, I am attracted to this investment and buying dips, so I am collecting money to buy Bitcoin dips.

It's true, this opportunity is too good and it might not come back again, but irrespective of that, we should not be carried away and buy more than we can afford to do away with, because how efficient and effective we manage our finance and our daily lives is what defines how successful we are going to be in our holdings journey.
Furthermore, we should not forget that Bitcoin is on the rise, so due to the fact that we are still in it early days, so their is a higher probability of Bitcoin going up to a million dollar or more in the future, so the best thing we can do to ourselves and our finance is to accumulate as much stash of Bitcoin as possible, because the unit of Bitcoin in your possession is what determine how profitable and successful you may be in the future if you can hold that long, in other words you can't invest only $20 and be expecting to be filthy rich in the future when Bitcoin has done up to 10x or more of it current price, so in essence of what am trying to say is that we should not joke with the unit of Bitcoin in our possession, let's try to increase it as much as possible in a way that it wouldn't affect our ability to finance our daily lives.

[Felixdesenior100]

Adopting bitcoin is an act of investment in a future where independence, inclusion, and freedom are more of importance. As bitcoin continues to reshape society, it brings with it the possibility of a world united by a common language of value and trade. Since the adoption of bitcoin it has really done more good than harm to people who keep the bitcoin market going, that's for people who hold their bitcoin for a long period of time.

[MainIbem]

What would even be a reason for someone who wants to hold Bitcoin for a very long period to take a loan to invest in Bitcoin? When they have a long period of time, they could accumulate Bitcoin gradually by making use of DCA (Dollar Cost Averaging).

I would just say that he or she is not truly interested in holding Bitcoin for the long term. People who take such risks are often those eager to make quick profits. Their aim is to sell within a short period, and they are considered traders. This is a very bad idea because even trading is a big risk. Trying to take out a loan to outsmart the market is the worst thing such a trader can do.

It is always better for any investor to invest only what they have and can afford to lose. Some people lose money in Bitcoin because of their eagerness to make quick profits in Bitcoin.

What do you think would be the reason if not greed, they want more but doing it the wrong way sometimes they might even be aware of the consequences but overlook it all in the name of taking risk, cause in the right sense I don't know why some would want to put themselves in such situation if not for greed, Bitcoin as an asset can make someone debt free in the future but you don't invest in it by putting yourself in debt, it's a big error and many has made that mistake cause of greed, they want more so they'll tend to borrow when they don't have enough capital for purchasing power, getting that they can still DCA according to their income and achieve their target in future, the earlier some greedy investors understand that Bitcoin is not for quick profits, the better for them, these traders have misinterpreted the concept of Bitcoin investment and misleading make to errors by investing for quick returns.

[POPOLUV]

What would even be a reason for someone who wants to hold Bitcoin for a very long period to take a loan to invest in Bitcoin? When they have a long period of time, they could accumulate Bitcoin gradually by making use of DCA (Dollar Cost Averaging).

I would just say that he or she is not truly interested in holding Bitcoin for the long term. People who take such risks are often those eager to make quick profits. Their aim is to sell within a short period, and they are considered traders. This is a very bad idea because even trading is a big risk. Trying to take out a loan to outsmart the market is the worst thing such a trader can do.

It is always better for any investor to invest only what they have and can afford to lose. Some people lose money in Bitcoin because of their eagerness to make quick profits in Bitcoin.
(qote)
I agree with you that any investors should only invest what the have or afford in times of lost profit, but what many investors always do is to have the mindsets that are going to make quick money in Bitcoin, and that will make them to put their family problems on Bitcoin, with such investors that have mindsets of making quick money on Bitcoin and selling, they can't never buy dip and hodl for a long term investment, rather they  will make use of short term investment, so for an investors to buy dip and hodl for a long term, is to remove his or her carrying the family problems in place of Bitcoin, all in the name of making money, you can only enjoy this buy dip and hodl when you buy and invest in a long term investment to accumulate Bitcoin gradually by making use of dollar cost averaging.

[Gallar]

...

Another scenario is not to take loans in order to buy Bitcoin. You have to return loans by selling Bitcoin and you never know the price of Bitcoin in immediate short term.

Good debts have a good advantage and can be helpful as far as it is what we can afford to pay effortlessly.

Well we all no that good debt has it own repercussion just as you have said it all Good debt has a very good advantage this loan can be beneficiary insurance it can help in wealth improvement and help improve financial stability and i have learned about this loans it is more affordable amd manageable within your financial budget.
Well if this is been used in the accumulation of bitcoin will it be a bad idea? first of all loan is not allowed to accumulate bitcoin using loan to accumulate make its feel like the wrong part of losing, that why most people don't borrow what they can afford to pay.

Using borrowed money to invest in bitcoin is certainly not the right thing to do. Because what is called a loan, especially borrowing from a bank, there must be something called installments every month. So if for example the borrowed money is invested in bitcoin, then what about the installments that must be paid every month. Because installments must have become an obligation that must be paid every month. Because if not, the goods used as collateral will definitely be confiscated by the bank. Therefore, maybe paying by selling bitcoin is the only way. That is why investing in bitcoin using borrowed money is a path that we all really have to avoid. Because I can assure you that our long-term investment flow in bitcoin will not run smoothly. Especially if you don't have a regular income every month, I think it will turn into a very big difficulty. So I personally have really emphasized that investing in bitcoin must use discretionary money and other than discretionary, I don't think there are any other funds that are suitable to invest in bitcoin. So whether it's an emergency fund or borrowed money, both are funds that are not right if invested in bitcoin.

[ultrloa]

Good debts have a good advantage and can be helpful as far as it is what we can afford to pay effortlessly.

Well we all no that good debt has it own repercussion just as you have said it all Good debt has a very good advantage this loan can be beneficiary insurance it can help in wealth improvement and help improve financial stability and i have learned about this loans it is more affordable amd manageable within your financial budget.
Well if this is been used in the accumulation of bitcoin will it be a bad idea? first of all loan is not allowed to accumulate bitcoin using loan to accumulate make its feel like the wrong part of losing, that why most people don't borrow what they can afford to pay.

Using borrowed money to invest in bitcoin is certainly not the right thing to do. Because what is called a loan, especially borrowing from a bank, there must be something called installments every month. So if for example the borrowed money is invested in bitcoin, then what about the installments that must be paid every month. Because installments must have become an obligation that must be paid every month. Because if not, the goods used as collateral will definitely be confiscated by the bank. Therefore, maybe paying by selling bitcoin is the only way. That is why investing in bitcoin using borrowed money is a path that we all really have to avoid. Because I can assure you that our long-term investment flow in bitcoin will not run smoothly. Especially if you don't have a regular income every month, I think it will turn into a very big difficulty. So I personally have really emphasized that investing in bitcoin must use discretionary money and other than discretionary, I don't think there are any other funds that are suitable to invest in bitcoin. So whether it's an emergency fund or borrowed money, both are funds that are not right if invested in bitcoin.

I guess it depends in usage since if the intention is to buy Bitcoin then they are for long term then I guess there's nothing wrong with it if they are capable to pay and they just made that because there's certain delay happen.

What I really think its wrong to do is when they borrow Bitcoin then use it for trading. Because quick gain is uncertain to happen here and we know market is so dangerous due to its volatility  that's why instead of gaining they might just lose their money and that provably give them much bigger problem. That's why I always make sure to use the money what's available on hand so that there's no any disturbance will occur and we can possibly avoid getting any unnecessary issues.

[Solokan]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

it is very true and I agree with you yes indeed investing in btc of course it will be better if it is in accordance with our income and if for example we invest in btc yes indeed like a loan of course that is a ridiculous thing and it is very true that we must avoid borrowing money to buy btc because we certainly will not be comfortable and certainly our mentality will feel tired because sometimes it could happen that the price of btc drops after being purchased, well usually sometimes not a few people panic and end up being forced to become a loss that is obtained instead of profit.

it is very true if for example we comply with the rules of btc investment then it is true that it will have the potential to get profit in the future. in my opinion if for example someone who does not have a fixed income can certainly invest in btc as long as they use money that is ready to be lost and certainly not from loans and of course in terms of investment before jumping in, of course knowledge must be prioritized, but of course there are also people who achieve success investing in btc because they have bitter experiences in the past but can finally learn from their bitter experiences.

[JayJuanGee]

[edited out]

Hi JJG, I believe you quoted wrongly in your reply here, maybe you can adjust it to be more readable.

Thanks.  I fixed it.

Loans aren't bad, it becomes of more advantage of the prices of BTC continues going up within the repayment period, but I'll still maintain that if you can avoid it while remaining committed with your DCA, it's a better option since DCA still allows you to buy across dips to and tops to smoothen the effect of volatility on your investment.

The use of loans, and various other financial instruments are more advanced techniques, and they surely have risks that do not come from merely buying bitcoin without any leverage and without any of those various possible risks.

Since bitcoin has historically been such a great performing asset, you are likely correct that many times it is not necessary to add more risk, and to still be able to profit stupendously by merely going long bitcoin.  Guys have discretion to use those various instruments, and sure, they may be devolving into gambling rather than prudence and/or reasonableness when they employ various financial instruments, including loans..  but that is their choice.

It would be more painful if after taking such loans and Bitcoin price continues going down, then he bought lesser quantities with same money and is still paying interests.

Sure.  That does end up happening to a lot of people, and so that is one of the risks that should be accounted for.. which means that the guy needs to have means to service the loan outside of the expected appreciation of bitcoin, otherwise he would end up even in worse pain.. and potentially causing him to lose more than 100% of what he invested in connection with the loan amounts and the various extra costs and even potential penalties that might result if he had not prepared his cashflows adequately.

Such investor might even terminate his accumulation journey out of frustration. That's why it's advised to remain as much aggressive as you can without overdoing it, so you don't experience discomforts that might threaten your ongoing accumulation journey

Sometimes people do become their own worst enemy since there can end up being pretty severe consequences if they have not sufficiently and/or adequately prepared themselves for a variety of scenarios, including extreme scenarios and even including the price going against them in extreme scenario kinds of ways.

Bitcoin remains amongst the best, if not the best, of investments widely available to people around the world, yet there are people who have lost money in bitcoin, especially if they failed/refused to error on the side of accumulating bitcoin and holding and not going overboard in their various methods (including getting too greedy).

[Ruttoshi]

[edited out]

Hi JJG, I believe you quoted wrongly in your reply here, maybe you can adjust it to be more readable.

Thanks.  I fixed it.

Loans aren't bad, it becomes of more advantage of the prices of BTC continues going up within the repayment period, but I'll still maintain that if you can avoid it while remaining committed with your DCA, it's a better option since DCA still allows you to buy across dips to and tops to smoothen the effect of volatility on your investment.

The use of loans, and various other financial instruments are more advanced techniques, and they surely have risks that do not come from merely buying bitcoin without any leverage and without any of those various possible risks.

Since bitcoin has historically been such a great performing asset, you are likely correct that many times it is not necessary to add more risk, and to still be able to profit stupendously by merely going long bitcoin.  Guys have discretion to use those various instruments, and sure, they may be devolving into gambling rather than prudence and/or reasonableness when they employ various financial instruments, including loans..  but that is their choice.

It would be more painful if after taking such loans and Bitcoin price continues going down, then he bought lesser quantities with same money and is still paying interests.

Sure.  That does end up happening to a lot of people, and so that is one of the risks that should be accounted for.. which means that the guy needs to have means to service the loan outside of the expected appreciation of bitcoin, otherwise he would end up even in worse pain.. and potentially causing him to lose more than 100% of what he invested in connection with the loan amounts and the various extra costs and even potential penalties that might result if he had not prepared his cashflows adequately.

Such investor might even terminate his accumulation journey out of frustration. That's why it's advised to remain as much aggressive as you can without overdoing it, so you don't experience discomforts that might threaten your ongoing accumulation journey

Sometimes people do become their own worst enemy since there can end up being pretty severe consequences if they have not sufficiently and/or adequately prepared themselves for a variety of scenarios, including extreme scenarios and even including the price going against them in extreme scenario kinds of ways.

Bitcoin remains amongst the best, if not the best, of investments widely available to people around the world, yet there are people who have lost money in bitcoin, especially if they failed/refused to error on the side of accumulating bitcoin and holding and not going overboard in their various methods (including getting too greedy).

I agree with everything you said, greed is one major enemy of success. When you are greedy, you will forget to see the consequences of your actions if it didn't go as planned. Whoever has little discretionary income should manage that and build his bitcoin portfolio gradually with regular weekly DCA overtime. While he should also keep looking for other means to increase his income, so that he can buy bitcoin aggressively. When you become greedy and want to be faster than your shadow because there's a dip that you are not prepared for, you take a loan forgetting that bitcoin is a volatile asset and can dip below the price that you bought with the loan and remain there for long. It becomes a problem because you have to service the loan.

Before you know it, the interest of your loan might start increasing and that shows that you have taken the wrong step which might terminate your focus on building your bitcoin portfolio and hodli for a long-term. Regrets will become the order of the day. My nephew has been living from one loan to another, and when he gets paid, the loan company deducts their own percentage, and because of that he cannot plan his life properly. The thought of paying your loan debt alone can make you make wrong decisions with your bitcoin investment.

I will advice all those investing into bitcoin to avoid loans because paying back the interest means that the extra funds that you can use to buy bitcoin will be use to service the loan. Patients, hard work, consistent, persistent and aggressively in your bitcoin accumulation journey will lead you to success when done the right way. Let loans be for those who can avoid to service it and not for plebs like us because bitcoin is volatile in nature.