Buy the DIP, and HODL!

[Cryptohygenic]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

Even if Bitcoin is too expensive, that doesn't mean you need to buy 1 full Bitcoin. Bitcoin give us a freedom to use what way we want to do and determine how much money we can use to invest in Bitcoin continuously. The important thing that we must remember is we need to buy gradually from time to time and not feeling hard because other people doing the same as us.

Many people start from small money to invest in Bitcoin and they still do that until now. So we should do the same as them and if we can only invest with small money, that will be okay because it need consistency to invest in Bitcoin. And we should feel easy to do because we have DCA method that we can use to be our way to start investing in Bitcoin.

That's common mistake of people for thinking about its expensive to buy Bitcoin. The fact that they can buy the smallest unit of it, that determine that they can invest even if they are low budget individual.

Maybe they should eliminate those thinking upon save up then buy a whole Bitcoin. Since if they used the money they have to accumulate right away then do DCA, there's more better chance for them to earn possible huge profit from Bitcoin.

Investing using small amount is fine since what's more important is we start buying and saving for future since there's provably a good chance that we can earn more better rather than getting tempted on short term things. I don't call it as easy since somehow Bitcoin is unpredictable, but if we HODL bitcoin for sure it eliminate the risk and we are fine investing on Bitcoin for long term the same as what they plan to do.

Bitcoin is predictable, to a degree - because we know it won't fall off due to reasons other coins die and stop exisiting / being used at all.

For that, we can be certain - and that propels Bitcoin further than anything else.

You only ended up to say bitcoin is reliable not to be compared to other cryptocurrencies. Perhaps you can't predict the future price or do you've a point of that degree by which proofs the price can be predicable as said?
However, we're on the discussion of buying bitcoin at the Dip and also considers other market entries while the goal is up to holding for a long time until our goals is achieved.
Don't go astray here please.

[Stormisover]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

and it really put me on the edge to meet up with my target since am way behind plus the fact that I just got into the investment market not long ago, so my question is, should an investor wait for the Dip knowing fully well it's around the corner or just go straight with your DCA or better still again buy big with cash invested on something you know isn't working out cause it's really looking as if my portfolio isn't growing that much.

You don't know if a dip is right around the corner, and you don't know if a dip is around the corner, even if the bitcoin price doubles or triples from here in the coming months.

To me, it seems that you are better off to just keep buying on a regular basis, and sure if you get some extra funds, you can divide them between 1) buying right away, 2) DCA and 3) buying on dip.. . .and yeah, ultimately it is up to you how much money you want to hold back for buying on dips.  I personally think that newbies who are in their first cycle or cycle and a half should remained focused on just buying regularly and don't get too distracted by prices.... Sure maybe after you have been buying for 4-6 years or longer, then your BTC stack size will help to inform you if you might need to change your BTC accumulation strategy in any way, yet no matter what it is difficult to rush wealth building and if you are able to invest 15% to 25% of your income into bitcoin without having to financially (or psychologically) stress yourself, then you would be able to make more progress.. but yeah, I understand that some people might not have a lot of discretionary income, so you have to make sure that you are not using money that you need and that you build up your backup funds including emergency funds so that you have those available and you do not have to cash out any of your BTC at a time that is not completely of your own choosing, which probably would be more than 10 years the way you are speaking before you would potentially get out of the buying stages of your BTC investment timeline.

I think the most primary obligation is "buying" and "hodling" which means every bitcoin price is good to buy because we don't know the future outcome of the market. But we can always set up investment plans depending on our incomes so that we don't get alarmed along the journey.
Perhaps regular buying may drive it accumulation values but for some investors with who may not be buoyant to their expectations, it would be good considering to buy at the Dip on discretionary income and if you think your investment funds is not enough to reach your goal, you can consider cutting up some unnecessary expenses just to increase your budgets.
The key word of advice to reach a visible and exciting peak in this bitcoin investment in the case of Op's devastation is to be proactively focused on the consequences of the future.
Then, the agility to draft a long term investment scheme will be rooted where we can hold in the period of several cycles while expected to have accumulated a huge value of bitcoin which may have you in a better position where you will look back and see some other investors nursing from a scratch just to catch up to the top which would be seen as a stage passed.

There is a trade off in this assertion of yours, for an investor not being buoyant enough to sustain their investment expectations should not be an eyardstic for such an investor to consider buying the dip rather than buying right away with the dca at any given time the investment money is made available, regular buying with the dca strategy can be good that is when you have the leverages to do that but you don't have you can pause your investment and continue when you have rather than considering buying the dip that may or may not happen which is not good especially for a low coiner.

[Jostern]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

Even if Bitcoin is too expensive, that doesn't mean you need to buy 1 full Bitcoin. Bitcoin give us a freedom to use what way we want to do and determine how much money we can use to invest in Bitcoin continuously. The important thing that we must remember is we need to buy gradually from time to time and not feeling hard because other people doing the same as us.

Many people start from small money to invest in Bitcoin and they still do that until now. So we should do the same as them and if we can only invest with small money, that will be okay because it need consistency to invest in Bitcoin. And we should feel easy to do because we have DCA method that we can use to be our way to start investing in Bitcoin.

That's common mistake of people for thinking about its expensive to buy Bitcoin. The fact that they can buy the smallest unit of it, that determine that they can invest even if they are low budget individual.

Maybe they should eliminate those thinking upon save up then buy a whole Bitcoin. Since if they used the money they have to accumulate right away then do DCA, there's more better chance for them to earn possible huge profit from Bitcoin.

Investing using small amount is fine since what's more important is we start buying and saving for future since there's provably a good chance that we can earn more better rather than getting tempted on short term things. I don't call it as easy since somehow Bitcoin is unpredictable, but if we HODL bitcoin for sure it eliminate the risk and we are fine investing on Bitcoin for long term the same as what they plan to do.

Bitcoin is predictable, to a degree - because we know it won't fall off due to reasons other coins die and stop exisiting / being used at all.

For that, we can be certain - and that propels Bitcoin further than anything else.

Having a knowledge about what Bitcoin is all about is very important and necessary before investing in Bitcoin, Bitcoin is an asset that has come to stay and would remain here, But in order words Bitcoin is a volatile asset in as much as we know all of this we cannot predict the price of Bitcoin and the Successful nature.

Because of the Volatile nature of Bitcoin it would be more wise to invest in Bitcoin because of the Successful nature of Bitcoin, accumulating on a regular Basis is very important for someone who has a goal of accumulating for a very long term and also to HODL, For someone who is a newbie it is advisable to invest using DCA method and try to have a plan of accumulating and hodl, or we can buy and accumulate fraction by fraction and also hodl for a long term.

[Tmoonz]

 Having a knowledge about what Bitcoin is all about is very important and necessary before investing in Bitcoin, Bitcoin is an asset that has come to stay and would remain here, But in order words Bitcoin is a volatile asset in as much as we know all of this we cannot predict the price of Bitcoin and the Successful nature.

Because of the Volatile nature of Bitcoin it would be more wise to invest in Bitcoin because of the Successful nature of Bitcoin, accumulating on a regular Basis is very important for someone who has a goal of accumulating for a very long term and also to HODL, For someone who is a newbie it is advisable to invest using DCA method and try to have a plan of accumulating and hodl, or we can buy and accumulate fraction by fraction and also hodl for a long term.

Having the basic knowledge about Bitcoin is what we need to kick start investing in Bitcoin, while learning other things with passage of time. If you consider learning all about Bitcoin before you start investing you will end up not investing and it will cost you spending lot of time you could have use to buy Bitcoin because the knowledge about is so vast that even an older investor doesn't know it all, it is best you get the fucking started with the basic knowledge while learning other things along the line, Bitcoin is still a growing asset, there are alot to learn getting in to the field when you starting investing.

[Derekfunds]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

Even if Bitcoin is too expensive, that doesn't mean you need to buy 1 full Bitcoin. Bitcoin give us a freedom to use what way we want to do and determine how much money we can use to invest in Bitcoin continuously. The important thing that we must remember is we need to buy gradually from time to time and not feeling hard because other people doing the same as us.

Many people start from small money to invest in Bitcoin and they still do that until now. So we should do the same as them and if we can only invest with small money, that will be okay because it need consistency to invest in Bitcoin. And we should feel easy to do because we have DCA method that we can use to be our way to start investing in Bitcoin.

That's common mistake of people for thinking about its expensive to buy Bitcoin. The fact that they can buy the smallest unit of it, that determine that they can invest even if they are low budget individual.

Maybe they should eliminate those thinking upon save up then buy a whole Bitcoin. Since if they used the money they have to accumulate right away then do DCA, there's more better chance for them to earn possible huge profit from Bitcoin.

Investing using small amount is fine since what's more important is we start buying and saving for future since there's provably a good chance that we can earn more better rather than getting tempted on short term things. I don't call it as easy since somehow Bitcoin is unpredictable, but if we HODL bitcoin for sure it eliminate the risk and we are fine investing on Bitcoin for long term the same as what they plan to do.

Bitcoin is predictable, to a degree - because we know it won't fall off due to reasons other coins die and stop exisiting / being used at all.

For that, we can be certain - and that propels Bitcoin further than anything else.

I totally disagree with this you said, Bitcoin is never and can never be predictable and if it was or is predictable by now almost everyone would have turn millionaires and Billionaires or even more..., how can you say something that is very volatile is predictable? The only prediction that seems somehow predictable is the fact that Bitcoin will appreciate in it value in the future because of it potential which we all have seen and have being seeing. Perhaps, you should mind the statement you make here before you lure newbie into trading believing that they can mess around with Bitcoin and been predictable or not is not the reason for this thread.

[Donneski]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

I didn't start by that time because it wasn't an easy ride trying to get a steady job that would guarantee me some good cash so I can start and when it comes to consistency I don't think am that consistent too but although I know I haven't and won't touch the little coin I have.

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

You talked about how inconsistent you've been even when you struggled to raise the funds you started with. I understand you're a newbie but for you to actually make it in investing and hodling Bitcoin, you just have to be more consistent with the latest developments so it'll help you make the right decisions and moves when necessary.

The content of your post suggests that you're very ambitious in owning a lot of Bitcoin and that trait is very vital for anyone who wants to succeed in Bitcoin investment so all you have to do now is to be more focused and committed to the happenings in the Bitcoin and crypto market in general so your ambitions will grow to become your reality.
All the best mate.

[Moreno233]

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

Maybe you want to become another CZ who said he sold properties to buy Bitcoin. Well, I don't know how important the land is and how urgent you might want to build a house on it (which is a basic need) but if you feel that you can convert the money to Bitcoin without feeling any pressures to sell, neither will you feel bad if the value realized of the Bitcoin does not add as much as the land will appreciate, then you may have a reason to do what you plan. The decision is entirely yours to make but remember that you should only invest with discretionary income.

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

I didn't start by that time because it wasn't an easy ride trying to get a steady job that would guarantee me some good cash so I can start and when it comes to consistency I don't think am that consistent too but although I know I haven't and won't touch the little coin I have.

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

You talked about how inconsistent you've been even when you struggled to raise the funds you started with. I understand you're a newbie but for you to actually make it in investing and hodling Bitcoin, you just have to be more consistent with the latest developments so it'll help you make the right decisions and moves when necessary.

The content of your post suggests that you're very ambitious in owning a lot of Bitcoin and that trait is very vital for anyone who wants to succeed in Bitcoin investment so all you have to do now is to be more focused and committed to the happenings in the Bitcoin and crypto market in general so your ambitions will grow to become your reality.
All the best mate.

I am not encouraging him to sell his landed property to invest in Bitcoin but I want to correct you that there is never a wrong time to buy and hold Bitcoin. Provided the intention is to hold for many years ahead, then any entry point is good and should be supported and not reeling out discouragement because no one knew that last month would create the low we saw.

[Jewan420]

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

It is not a bad time to buy Bitcoin. I understand what you mean, if you could have bought during a bear market, you would have had the opportunity to buy more Bitcoin and have the potential to make more profit. But it is not too late. Buying is open at any time and can be profitable for an investor if he is in a long-term plan.

But what makes me wonder is, how reasonable is it to invest in Bitcoin by selling land? As far as I can tell, a person can never waste the money he sells his land or he will not be willing to lose that money. Will it be the right move for him to invest with the necessary money or the money he cannot afford to lose by being too emotional about Bitcoin? Will he be able to stay stable in a bear market after such a move? Or will he be able to hold on to the investment for a long time?

Sometimes we make decisions based on emotions that sound very good, but in reality they can be terrible. If he can handle that and if he is willing to lose all that money, then I might agree with him. But in reality, the chances of that happening are very slim.

[Loyang]

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

It is never a good idea to sell land to buy or save Bitcoin, whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.

[SOKO-DEKE]

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

It is never a good idea to sell land to buy or save Bitcoin, whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.

I don't see it as a bad idea for someone to sell their land and invest the money in Bitcoin if they have a tangible reason for doing so. For instance, if someone owns land that is not in a developed area, they can sell it and invest the money in Bitcoin, provided they are willing to hold onto the Bitcoin for a long period of time, say, at least 4 to 10 years.In fact, I know someone who sold their land before and invested in Bitcoin. That person is now making significant profits. If they were to sell their Bitcoin today, they would have made three times the money they got from selling the land. Even though the land has appreciated in value, it hasn't grown threefold within the few years since it was sold and the money was invested in Bitcoin.

What I want people to understand is this: as long as someone does not intend to add value to their property and believes that selling it and investing in something else like Bitcoinwill yield more profit with less risk, then it's not a bad decision. However, this should be based on the individual's specific reasons and circumstances. While selling land to invest in Bitcoin can be a smart move, I would not strongly encourage it unless the person has carefully thought it through.

[Silikiem]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

Even if Bitcoin is too expensive, that doesn't mean you need to buy 1 full Bitcoin. Bitcoin give us a freedom to use what way we want to do and determine how much money we can use to invest in Bitcoin continuously. The important thing that we must remember is we need to buy gradually from time to time and not feeling hard because other people doing the same as us.

Many people start from small money to invest in Bitcoin and they still do that until now. So we should do the same as them and if we can only invest with small money, that will be okay because it need consistency to invest in Bitcoin. And we should feel easy to do because we have DCA method that we can use to be our way to start investing in Bitcoin.

That's common mistake of people for thinking about its expensive to buy Bitcoin. The fact that they can buy the smallest unit of it, that determine that they can invest even if they are low budget individual.

Maybe they should eliminate those thinking upon save up then buy a whole Bitcoin. Since if they used the money they have to accumulate right away then do DCA, there's more better chance for them to earn possible huge profit from Bitcoin.

Investing using small amount is fine since what's more important is we start buying and saving for future since there's provably a good chance that we can earn more better rather than getting tempted on short term things. I don't call it as easy since somehow Bitcoin is unpredictable, but if we HODL bitcoin for sure it eliminate the risk and we are fine investing on Bitcoin for long term the same as what they plan to do.

Bitcoin is predictable, to a degree - because we know it won't fall off due to reasons other coins die and stop exisiting / being used at all.

For that, we can be certain - and that propels Bitcoin further than anything else.

If you know when something is volatile in nature, then you wouldn’t be saying that bitcoin is predictable. Your choice of words may put the newbies into a state of uncertainty and confused because we all know that bitcoin is highly volatile and at such it’s difficult to predict, especially when talking about its price predictions. There are several factors that affects the price of bitcoin and you and I don’t even know what will be the conditions of those factors in the future and at such you can’t predict. Instead of saying Bitcoin is predictable to a degree, you rather say that bitcoin investment have more higher advantages and maintain a higher trust than any other shitcoin because of its decentralized nature and highly secured with a more higher network, its legitimacy is unmatched when compared to other cryptocurrencies.

[mumang siat]

An investor who buy Bitcoin on DCA does not look at the market if surely he has a long term investment plan. Or has nothing to speculate about since Bitcoin is already a volatile asset. It is important to buy with what you can afford to lose either weekly or monthly through DCA buying the dip or lump sum with your discretion fund if the money is readily available. You surely sound like a trader or a person who has a short time goal, because those who have short time goals only check the market when to buy and sell and make profit. They jump in and out just for the peanut.

 Agreed, an investor who assumes and plans to make a long-term investment, they don't really look at the value of bitcoin when they want to buy it, even though they do it with the DCA technique which has been carried out by every investor for generations.
those who make purchases and sales quickly, they are precisely said to be traders, because they only seek profits in a percentage that is not high, their target is only a number of profits in their trade.

[Justbillywitt]

[edited out]

You have no idea how much this topic has helped me in my bitcoin accumulation journey. It literally reshaped my thinking about bitcoin. Before I found this topic, I never had confidence in holding bitcoin, I was more like a trader who thought I was smart but. I discovered this topic after spending more than a month in this forum, it was then I realised that I have been doing things the wrong way. I mediately started applying what was thought here in real life, and I saw a great difference. I stopped panic selling for the first time in my life, and since then I have never regretted finding this topic.

This topic alone has added to my life far more than I can ever say. The greatest of it all was it stopping me from seeing bitcoin as a commodity instead of an asset.
Thank you for starting this topic, you have helped humanity in ways you won't understand. Many of us are living right in our investment journey today, is all thanks to this topic originator.

In order to profit from this thread, you likely needed to be receptive to the ideas of the thread - long term investing, continuing to build up your bitcoin holdings and/or improving your cashflow management so that you are also investing from your discretionary funds and not overly risking the bitcoin that you had accumulated, and sometimes your having had made mistakes in the past, will help you to be receptive to the kinds of ideas that we talk about in this thread, and so you also likely ended up putting into practice some of the ideas that we discuss in this thread in order to see results and to realize your own mistakes of the past and realize various ways to improve upon what you had been doing prior to coming to this thread. 

It is good that you have become comfortable with your new ways of looking at bitcoin and putting investing (and cashflow management) techniques into practice.

It is all thanks to you as well my leader. It is one thing to have a topic started, and another thing to have someone so dedicated as you dishing out your abundant wealth of knowledge generously to the benefit of all. I remember my first post here and how you quickly responded to my ignorance, and corrected me. Truth be told you made this forum more interesting for at my early stage. I won't be wrong to say that everything I'm doing right today as an investor, I learnt all from you.

[JayJuanGee]

[edited out]

An investor must know what is ahead of him as task to do in other to have a stress-free investment in bitcoin, this comes first by putting into consideration as many as possible of the things that needs to be done on different areas of investment, this begins with learning, years of experience, the capital needed for an investment, risk management factor, how to read the market and speculate, when to buy and when to sell or hodl.

You seem to be referring to trading rather than investing, since an investor does not need to know most of the things that you mentioned, except they may have to learn whether they have a discretionary income and then to make sure that they are investing within their discretionary income and perhaps that they are also developing and/or engaging in good cashflow management practices that likely includes having and maintaining back up funds.. and with hopefully an investment timeline that is 4-10 years or longer.

Another thing we have to consider being an investor is the kind , which we may wanted to be, base of our ability and what we see as possibility in achieving through, we may also want to consider our income source, things we do and the way we could secure most of other unproductive asset on the same investment opportunity, which we can buy and hodl when we see the indication to.

We are talking about bitcoin here, so if guys are confused about what they are investing into or if they might want some other investment, then they likely need to figure that out somewhere else.  Surely anyone who already knows that they are interested in investing into bitcoin should be able to choose the size of their investment into bitcoin based on their level of conviction, and so if they are having bullish sentiments about bitcoin then they might choose to invest more aggressively, and if they are having a lot of concerns about whether bitcoin is a good investment, then they may well choose to invest a lot more conservatively (or more whimpily). Their choices about investing have consequences, and each person has to figure out his level of conviction regarding the level of his aggressiveness and whether to invest beyond bitcoin and cash (in the beginning), and surely if he spends years investing into bitcoin, he might choose to diversify outside of bitcoin and cash, and sure some folks come to bitcoin while already having other investments, so they might consider how bitcoin might fit with their already existing investments.

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

It is never a good idea to sell land to buy or save Bitcoin, whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.

You seem to not know what you are talking about Loyang.  In other words you are likely talking out of your ass.. just making shit up based on perhaps your wrong ideas about what you perceive to be valuable, so hopefully you can learn how to better understand bitcoin historically and even where bitcoin is at currently, so you might gain some better insight to where bitcoin is likely to go in the coming years.

Historically, bitcoin has been amongst the best of investments, if not the best investment, for anyone and everyone with discretionary income around the world.  For example, maybe in 2016 a person might have bought a property with buildings and land for $1 million, and let's say that the property was a very good property, so it actually went up in value to $3 million or even $4 million today.  That property would have had various costs over the past 9 years, so even if the guy can sell it for $4 million today, it had likely cost him quite a bit to maintain it and taxes.

The price of bitcoin in 2016 varied between $350 and $1k throughout the year, and so let's say that the guy had bought bitcoin for around $600 each in 2016 (instead of the property), then such guy would have had gotten 1,667 bitcoin, and so today those 1,667 bitcoin would have a 200-WMA value of about $78.5 million and a spot price of nearly $173 million.

Where would have had been a better place to put and/or maintain value?

You are retarded if you believe that property is automatically a better place to put and/or hold value as compared with bitcoin.

Sure, the future is not guaranteed, so we are likely not going to have similar performance rates, yet I would think that it is a pretty good idea to consider bitcoin a better place to invest as compared with property, and guys are going to have to make their choices and live with the consequences of their choices.  

[edited out]

It is all thanks to you as well my leader. It is one thing to have a topic started, and another thing to have someone so dedicated as you dishing out your abundant wealth of knowledge generously to the benefit of all. I remember my first post here and how you quickly responded to my ignorance, and corrected me. Truth be told you made this forum more interesting for at my early stage. I won't be wrong to say that everything I'm doing right today as an investor, I learnt all from you.

Thanks for the acknowledgement, yet I still think that anyone learning has to be receptive to the ideas and has to test them (and adapt them) to their own circumstances without screwing up too much.. and, sure it is quite likely that each of us end up making mistakes, yet at the same time, if we are adjusting to our mistakes, then we should end up in even a stronger position (financially and likely psychologically, too).. which I am glad that you are feeling like you are putting yourself in a stronger position..

By the way, your forum registration date is ONLY about a year and a half, so many of us feel so good when the BTC price is going up, and we are feeling like we are in profits, which is part of the reason that many of us need to make it through a whole cycle to find out how we handle the ups and the downs and to see where we are at after a whole cycle.. and surely we even need more time, since many times making it through a whole cycle is not even enough to really feel that we can stop accumulating bitcoin or even to change our bitcoin accumulating strategy (which is hopefully mostly focused on ongoing buying) in any meaningful way.

[Jostern]

So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy

For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price.  The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.

Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.

Even if Bitcoin is too expensive, that doesn't mean you need to buy 1 full Bitcoin. Bitcoin give us a freedom to use what way we want to do and determine how much money we can use to invest in Bitcoin continuously. The important thing that we must remember is we need to buy gradually from time to time and not feeling hard because other people doing the same as us.

Many people start from small money to invest in Bitcoin and they still do that until now. So we should do the same as them and if we can only invest with small money, that will be okay because it need consistency to invest in Bitcoin. And we should feel easy to do because we have DCA method that we can use to be our way to start investing in Bitcoin.

That's common mistake of people for thinking about its expensive to buy Bitcoin. The fact that they can buy the smallest unit of it, that determine that they can invest even if they are low budget individual.

Maybe they should eliminate those thinking upon save up then buy a whole Bitcoin. Since if they used the money they have to accumulate right away then do DCA, there's more better chance for them to earn possible huge profit from Bitcoin.

Investing using small amount is fine since what's more important is we start buying and saving for future since there's provably a good chance that we can earn more better rather than getting tempted on short term things. I don't call it as easy since somehow Bitcoin is unpredictable, but if we HODL bitcoin for sure it eliminate the risk and we are fine investing on Bitcoin for long term the same as what they plan to do.

They say knowledge is profitable to direct and knowledge is power, people who think that buying Bitcoin is expensive are people who doesn’t have knowledge about what investing in Bitcoin is all about, and sometimes people who have this knowledge are quite ignorant of this as well, this are quite easy thought for people who do not have understanding about investing in Bitcoin.

People who are familiar with Bitcoin and doesn’t understand that they can invest bit by bit, or fraction by fraction for a low coiner, We can as well invest using the DCA method with our discretionary funds that is a better alternative to continue accumulating little by little and continue to hodl for a long time which is very important because Bitcoin is unpredictable, we should never hesitate to accumulate, continue accumulation and to hodl.

[Publictalk792]

Having the basic knowledge about Bitcoin is what we need to kick start investing in Bitcoin, while learning other things with passage of time. If you consider learning all about Bitcoin before you start investing you will end up not investing and it will cost you spending lot of time you could have use to buy Bitcoin because the knowledge about is so vast that even an older investor doesn't know it all, it is best you get the fucking started with the basic knowledge while learning other things along the line, Bitcoin is still a growing asset, there are alot to learn getting in to the field when you starting investing.

Exactly it is mostly best to start with just basic ideas especially with Bitcoin. If we try to learn everything before we invest we might never start and we could miss out many chances. Bitcoin and how it works are always changing so even people who have invested for long time are still learning new things. We should learn main things first and then learn more as we go. It is like learning to swim we do not need to know all science of water to get in and start swimming. You are also right that Bitcoin is still becoming more popular and there is much to learn as we start investing. It is like learning adventure.

[Churchillvv]

[edited out]

It is all thanks to you as well my leader. It is one thing to have a topic started, and another thing to have someone so dedicated as you dishing out your abundant wealth of knowledge generously to the benefit of all. I remember my first post here and how you quickly responded to my ignorance, and corrected me. Truth be told you made this forum more interesting for at my early stage. I won't be wrong to say that everything I'm doing right today as an investor, I learnt all from you.

Thanks for the acknowledgement, yet I still think that anyone learning has to be receptive to the ideas and has to test them (and adapt them) to their own circumstances without screwing up too much.. and, sure it is quite likely that each of us end up making mistakes, yet at the same time, if we are adjusting to our mistakes, then we should end up in even a stronger position (financially and likely psychologically, too).. which I am glad that you are feeling like you are putting yourself in a stronger position..

By the way, your forum registration date is ONLY about a year and a half, so many of us feel so good when the BTC price is going up, and we are feeling like we are in profits, which is part of the reason that many of us need to make it through a whole cycle to find out how we handle the ups and the downs and to see where we are at after a whole cycle.. and surely we even need more time, since many times making it through a whole cycle is not even enough to really feel that we can stop accumulating bitcoin or even to change our bitcoin accumulating strategy (which is hopefully mostly focused on ongoing buying) in any meaningful way.

Perhaps JayJuanGee have responded accordingly yet I would like to add some few opinions. Of course JayJuanGee has a been guiding hand to many of us including you Justbillywitt, yet in my opinion you also did play a crucial role in obtaining some knowledge by consistently contributing the little you knew about bitcoin and getting corrected by JJG and his likes or other members of your category and/or forum status, however it's not just about getting here with your investment or building a portfolio however it also includes keeping up with accumulations rather than getting carried away or being distracted with the little which you think you have known or learnt in the process. I encourage you and other members here on this thread including me to be more of an accumulator through 1-2 or more cycles as we haven't seen the ups and downs of bitcoin yet as we only have been in between a complete cycle not knowing what it feels like to experience bear markets and a complete bull market.

Relative comparison is even encouraged in my opinion as you think you're doing well also look at guys who have been here for decades plus and how much they are still accumulating, if Yiu needs reference you can visit the wall observer thread which JJG also belongs to and you will learn in relativity to a little bitcoin journey which we have started some guys have been on it and still know the need to keep accumulating hence I will put that to you, me and every other members visiting and participating on this thread.

[Gost ms]

Being thinking of selling off a landed property that's being dieing over the years and use the funds for investing but am still to see bear market before I make that move too.

That move of selling off a landed property to raise funds and invest in Bitcoin I think should've been made last month that Bitcoin recorded the lowest dip of the year when the price dropped to as low as $74k since you wanted to take such bold decision when the market is bearish. I don't think we're going to experience such dip again this year and even next year because the bullish run is almost upon and it's already been highly speculated that the price of Bitcoin will significantly increase when the surge hits the market.

It is never a good idea to sell land to buy or save Bitcoin, whether it is during a recession or at any time. Because the Bitcoin market is very volatile, there are ups and downs in the market. If a new person invests with the money he sold his land, he may get very scared if he sees a slight decline in the market and may even sell his holdings. Always try to invest with the amount of money you can afford to lose.

I don't see it as a bad idea for someone to sell their land and invest the money in Bitcoin if they have a tangible reason for doing so. For instance, if someone owns land that is not in a developed area, they can sell it and invest the money in Bitcoin, provided they are willing to hold onto the Bitcoin for a long period of time, say, at least 4 to 10 years.In fact, I know someone who sold their land before and invested in Bitcoin. That person is now making significant profits. If they were to sell their Bitcoin today, they would have made three times the money they got from selling the land. Even though the land has appreciated in value, it hasn't grown threefold within the few years since it was sold and the money was invested in Bitcoin.

What I want people to understand is this: as long as someone does not intend to add value to their property and believes that selling it and investing in something else like Bitcoinwill yield more profit with less risk, then it's not a bad decision. However, this should be based on the individual's specific reasons and circumstances. While selling land to invest in Bitcoin can be a smart move, I would not strongly encourage it unless the person has carefully thought it through.

I do not agree with your comment. Because selling land for investment is never the right method. Bitcoin has a lot of risk and you can lose all your money. You think that the value of the land is very low so you can sell it and invest, but as time goes by the value of the land will increase. The value of Bitcoin will increase but there is a lot of risk. In the first situation, he may become very scared. For example, when he invests with the money he sells land, he will see a small fall in the market and he may become very scared and sell his investment. So try to invest with your discretionary income, the amount of money you can lose.

[bitzizzix]

Having the basic knowledge about Bitcoin is what we need to kick start investing in Bitcoin, while learning other things with passage of time. If you consider learning all about Bitcoin before you start investing you will end up not investing and it will cost you spending lot of time you could have use to buy Bitcoin because the knowledge about is so vast that even an older investor doesn't know it all, it is best you get the fucking started with the basic knowledge while learning other things along the line, Bitcoin is still a growing asset, there are alot to learn getting in to the field when you starting investing.

Exactly it is mostly best to start with just basic ideas especially with Bitcoin. If we try to learn everything before we invest we might never start and we could miss out many chances. Bitcoin and how it works are always changing so even people who have invested for long time are still learning new things. We should learn main things first and then learn more as we go. It is like learning to swim we do not need to know all science of water to get in and start swimming. You are also right that Bitcoin is still becoming more popular and there is much to learn as we start investing. It is like learning adventure.

Of course the basics are a must before we do it and also understanding Bitcoin in a simple way to start it is a must and also understanding the risks that will occur so that we can anticipate and know how to overcome them.
And for the next we can learn as a whole and what we want to know and also improve can be done while walking, because starting early is a good thing than we have to delay learning as a whole because it only wastes our time to start and buy Bitcoin even though we already know, understand and also know the basics because it is a good start to start it.
And also studying the journey of Bitcoin's footprint is also very important because it will make us choose the right way to get minimal profit or even no risk at all, I mean choosing to treat Bitcoin for the long term and only selling it when the price has risen high and is satisfying in the right profit and also continuing to accumulate as long as it has not reached the desired target, and in that way it will make us smart investors because that way we have a lot of time to continue learning and also to continue collecting more Bitcoin.

[Silikiem]

Thanks for the acknowledgement, yet I still think that anyone learning has to be receptive to the ideas and has to test them (and adapt them) to their own circumstances without screwing up too much.. and, sure it is quite likely that each of us end up making mistakes, yet at the same time, if we are adjusting to our mistakes, then we should end up in even a stronger position (financially and likely psychologically, too).. which I am glad that you are feeling like you are putting yourself in a stronger position..

By the way, your forum registration date is ONLY about a year and a half, so many of us feel so good when the BTC price is going up, and we are feeling like we are in profits, which is part of the reason that many of us need to make it through a whole cycle to find out how we handle the ups and the downs and to see where we are at after a whole cycle.. and surely we even need more time, since many times making it through a whole cycle is not even enough to really feel that we can stop accumulating bitcoin or even to change our bitcoin accumulating strategy (which is hopefully mostly focused on ongoing buying) in any meaningful way.

Yes JJG,  you’re absolutely right especially in your first statement above because it summarizes what my whole experience here has been,  even as a newcomer. Initially I used to get offended when someone tries correcting me or my post due to the mindset I arrived here with as in relation to bitcoin investment and with my own understanding of bitcoin I thought I knew it all not until I arrived here I noticed that I’m way far behind with my understanding of bitcoin and investing in it. Initially I thought investing in bitcoin is only for the rich or the high income earners, I also used to think that bitcoin is where you just put in some amount of money and in 2 days time you are already making profit, and also initially I used to sell my bitcoin at any given chance, but now as I begin to adapt to the ideas and corrections I get here, my mindset changes in such a way that I now view bitcoin as an asset which should remain with me even till old age, I keep accumulating and hold. I applied most of the ideas I got here and its working for me, I’m getting better day by day both psychologically and otherwise as I adjust to my mistakes through the corrections I get from your likes and others here too. I hope to learn more and get better as others who have succeeded here even in the past and present.