Buy the DIP, and HODL!

[Tonimez]

[Edited out]

You come off as looney, Fuso.hp.

Of course, bitcoin investors can do whatever they want, and they would be engaging in a lot of risk if they are considering their keeping and maintaining a financial cushion to be "optional" since it might be uncomfortable to establish and maintain.

You seem to be saying that zero backup funds is an option... and for how long is zero back up funds an option?

Exactly the point here. Fuso.hp seems to be on the side of individuals who always believe since choice is theirs, then they can toil around with their funds and forget that the real evil about failing in bitcoin investment is that it instigates natural hatred for bitcoin when the mistake was all theirs. Zero backup funds is detrimental to bitcoin portfolio just as empty emergency funds could be detrimental too. However, just like you noted, Backup funds can return to zero when it performs it's duty as a backup fund when the investor uses it to offset his excesses due to inflation or government policies. At this point, it's only temporal and gets refilled in your next payday (in part). Emergency funds too can be driven to zero when emergency situation comes up and when the investor rightly tackles it with his emergency funds of which he can restart gathering the emergency funds.

Perhaps I could agree with you if suddenly funds had to be spent, so then sometimes we might get forced into having zero until our next cash comes in.

You're very correct

Let's say that a person is brand new to bitcoin, and he has an income that is $1,500 per month and expenses that are $1k per month.  He get's paid twice a month and he was just paid.. He went shopping, and he paid his rent, and he has $500 remaining in all of his accounts. .. and so you think he is o.k. to use all $500 to buy bitcoin and then just wait to get paid in 2 weeks?

Buying bitcoin is optional, but the guy does not have any bitcoin, yet he has $500.

Then in two weeks the guy is paid $750.  Should he buy $250 of bitcoin as soon as he gets paid, and hold the other $500 for his monthly expenses?  How are you proposing the guy deal with his desire to buy bitcoin in the midst of his expected income and his expected expenses?

The real challenge is with brand new bitcoin investors and their decisions. Some get too excited and forget about providing for the emergency funds and back up funds sometimes believing that when the next pay comes, he would start making provision for the emergency funds and back up funds. However, I think that in this scenario, if his expenses are handled by $1k and he now has $500 (Now his discretionary income), he does not have to invest all the $500 but should share it into Backup funds, emergency funds and then Investment funds (buying bitcoin) probably at 20%, 35% and 45% respectively. This would allow him to have cushion for his 45% invested in bitcoin.

When he has $250 as his discretionary income after 2 weeks, he would also share it into these back up, emergency and investment funds too. But in this case (if he is no longer a brand new investor) he could increase his investments fund (buying bitcoin) to 60% while adding 15% and 25% to his backup funds and emergency funds respectively.

No matter how much an investor is expecting to earn in the near future, he has to apportion his cash at hand very wisely to tackle any unforeseen circumstances before the money finally comes ( my view).

[obuoma]

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.

Those who have reached their accumulation objectives are included in the list of those who does not like bear market because they want their investment to be in  good profits. Generally, everyone love to see the market in green, the only people that feel otherwise are those who are aggressively accumulating who see bear market as a time to buy more Bitcoin at lower prices. I think a of us fall into this category where we are still accumulating Bitcoin to be able to meet our objectives faster if the opportunity the market gave us via the little bear market we have experienced. Buying aggressively now is highly recommended and we should know that the present retracement is not the first time we are seeing it in the market,, so Bitcoin will always come back after the retracement and those who ignored the noise to buy now will enjoy later.

[Loyang]

[Edited out]

Perhaps I could agree with you if suddenly funds had to be spent, so then sometimes we might get forced into having zero until our next cash comes in.

You're very correct

Let's say that a person is brand new to bitcoin, and he has an income that is $1,500 per month and expenses that are $1k per month.  He get's paid twice a month and he was just paid.. He went shopping, and he paid his rent, and he has $500 remaining in all of his accounts. .. and so you think he is o.k. to use all $500 to buy bitcoin and then just wait to get paid in 2 weeks?

Buying bitcoin is optional, but the guy does not have any bitcoin, yet he has $500.

Then in two weeks the guy is paid $750.  Should he buy $250 of bitcoin as soon as he gets paid, and hold the other $500 for his monthly expenses?  How are you proposing the guy deal with his desire to buy bitcoin in the midst of his expected income and his expected expenses?

The real challenge is with brand new bitcoin investors and their decisions. Some get too excited and forget about providing for the emergency funds and back up funds sometimes believing that when the next pay comes, he would start making provision for the emergency funds and back up funds. However, I think that in this scenario, if his expenses are handled by $1k and he now has $500 (Now his discretionary income), he does not have to invest all the $500 but should share it into Backup funds, emergency funds and then Investment funds (buying bitcoin) probably at 20%, 35% and 45% respectively. This would allow him to have cushion for his 45% invested in bitcoin.

When he has $250 as his discretionary income after 2 weeks, he would also share it into these back up, emergency and investment funds too. But in this case (if he is no longer a brand new investor) he could increase his investments fund (buying bitcoin) to 60% while adding 15% and 25% to his backup funds and emergency funds respectively.

No matter how much an investor is expecting to earn in the near future, he has to apportion his cash at hand very wisely to tackle any unforeseen circumstances before the money finally comes ( my view).

Yes you are right. Every person should divide their discretionary income. If someone has emergency fund, reserve fund, cash, all these funds, then he should keep some amount of money for extra expenses and invest the remaining money. And if a person does not have any fund ready, then it will be much better for him to follow the path you show. If a person invests in this way, then he may be able to deal with financial crises very easily. Even if his emergency fund is not fully prepared, he can still deal with financial crises.

If a person divides his funds into three levels, then he can deal with his financial crisis in the first place with cash fund, if he is not able to deal with cash, then he can try with reserve fund and if he fails to deal with financial crises with these two funds, then he can use emergency fund.

[Showlove01]

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.

Those who have reached their accumulation objectives are included in the list of those who does not like bear market because they want their investment to be in  good profits. Generally, everyone love to see the market in green, the only people that feel otherwise are those who are aggressively accumulating who see bear market as a time to buy more Bitcoin at lower prices. I think a of us fall into this category where we are still accumulating Bitcoin to be able to meet our objectives faster if the opportunity the market gave us via the little bear market we have experienced. Buying aggressively now is highly recommended and we should know that the present retracement is not the first time we are seeing it in the market,, so Bitcoin will always come back after the retracement and those who ignored the noise to buy now will enjoy later.

I disagree with you and even though no one like to see their investment going down but that is not the case with investors who are really committed into this Bitcoin investment. Reaching their overaccumulation stage doesn't mean the market will be constant or keep on moving upwards all the time, they know Bitcoin is a volatile asset so surely it will keep fluctuating and they don't care because they have gotten to their target and Bitcoin will not dip forever and remains down rather it will still come up and before someone I mean an Investor will get to their overaccumulation stage there are stages Bitcoin would passed and sometimes it cannot come below to those point again so they wouldn't think of this you are saying.

[TLoyal]

DIP as we know is a light reduction in the price of Bitcoin, which allows investors buy more assets as an opportunity to buy at a lower price with the believe that where will be an increase in value
HODL as a time investors keeps there assets during the dip, and keeping this assets for a long period of time to later sell to get more profits.
While you are trying to take opportunity from dip and hold. it's very important that some risk factor are considered.
There could be a reduction in price that can lead to losses, and economic policy can also affect HODL.

[bestcandy]

DIP as we know is a light reduction in the price of Bitcoin, which allows investors buy more assets as an opportunity to buy at a lower price with the believe that where will be an increase in value
HODL as a time investors keeps there assets during the dip, and keeping this assets for a long period of time to later sell to get more profits.
While you are trying to take opportunity from dip and hold. it's very important that some risk factor are considered.
There could be a reduction in price that can lead to losses, and economic policy can also affect HODL.

Buy the dip and hold is for long term investors that are not in a hurry to make a quick return but hold their asset for a very long term. Although, it's certain that there are some econonmic factors and policies that may affect the price of Bitcoin but if you correlate the value of Bitcoin from the year 2011 to this year 2025 you will see that Bitcoin is investment is economically viable when invested with long term planing so therefore, I think there is nothing to worry about when you buy in dip and hold in long time.

[JayJuanGee]

Traders and investors who panic due to the decline are usually those new to Bitcoin.
On the other hand, I think long-term investors who accumulate Bitcoin using the DCA method will enthusiastically welcome the recent decline in Bitcoin prices. This is quite logical, as they can accumulate a larger amount of Bitcoin at a lower price, That's the advantage for long-term investors who continue to accumulate Bitcoin using the DCA method, I think we should just stay in that position and not worry about anything else.

Yes, this almost always happens to beginners who are not ready to face the fluctuations that occur in the market. They assume that their money will be lost if they don't sell their assets, but this is actually a reaction that worsens their losses. Differently, those who already have experience and are often involved in the market will certainly not panic when they see the extreme decline that occurred recently. For them, this is precisely what they have been waiting for, so they can gradually accumulate at the lowest price they can get. And they also understand that if we focus on the long term, the results will certainly be optimal.

There is no need to fantasize about bitcoin investors either buying the maximum of the dip or even buying the dip in any kind of a meaningful way.

As long as a person is in bitcoin for a long time, he might spend many years accumulating bitcoin and perhaps even feeling as if he is not even making a lot of progress in his bitcoin accumulation, since maybe sometimes he just ongoingly buys, but then sometimes he runs out of money to buy more and then other times he tries to buy the dip but the price keeps dipping, so he might have had bought a bunch, but the purchase ends up being 20% to 30% higher than the ultimate bottom, yet sure some more money might come in and he is able to buy more and he buys more and after a cycle or two, he might start to feel that he is making progress and his bitcoin holdings are starting to get to a large enough size that he is starting to feel that he made it, especially compared with the guys who are just getting started in their bitcoin accumulation journey.

Some bitcoin accumulators make mistakes too, and they don't always realize that they should have had stayed focused on ongoing buying rather than selling some of their bitcoin too soon.. so then they might learn a lesson and keep accumulating while having some regrets about their earlier screw ups in terms of selling too many coins too soon.

Hopefully, guys advance in their bitcoin journey.. so that they learn to mostly hold their bitcoin and to just shave off what they need, but not all guys learn the correct lessons in regards to making sure that they are mostly holding onto their bitcoin rather than selling too much too soon.

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.

Those who have reached their accumulation objectives are included in the list of those who does not like bear market because they want their investment to be in  good profits. Generally, everyone love to see the market in green, the only people that feel otherwise are those who are aggressively accumulating who see bear market as a time to buy more Bitcoin at lower prices. I think a of us fall into this category where we are still accumulating Bitcoin to be able to meet our objectives faster if the opportunity the market gave us via the little bear market we have experienced. Buying aggressively now is highly recommended and we should know that the present retracement is not the first time we are seeing it in the market,, so Bitcoin will always come back after the retracement and those who ignored the noise to buy now will enjoy later.

I disagree with you and even though no one like to see their investment going down but that is not the case with investors who are really committed into this Bitcoin investment. Reaching their overaccumulation stage doesn't mean the market will be constant or keep on moving upwards all the time, they know Bitcoin is a volatile asset so surely it will keep fluctuating and they don't care because they have gotten to their target and Bitcoin will not dip forever and remains down rather it will still come up and before someone I mean an Investor will get to their overaccumulation stage there are stages Bitcoin would passed and sometimes it cannot come below to those point again so they wouldn't think of this you are saying.

Sometimes we need to use our imagination a wee bit better to understand that even guys who have accumulated a lot of bitcoin, they still might be bothered by the bitcoin price drop, even though they might still continue to carry out their behaviors, for example if they might have already reached their bitcoin accumulation goals.

Maybe a couple of examples might help?  let's say that we have two guys and they are each seeking to move to fuck you status once they have confidence that their bitcoin holdings would be able to support them with an $80k per year income.

Hypothetical guy 1) who had spent around 8 years investing into bitcoin at about $200 per week and had invested right around $84k and accumulated 5.6 BTC, and feels that he is making good progress towards reaching his bitcoin goals, yet he calculates that right now he would need to have right around 14.4 BTC if he were to want to start to cash out at $80k per year.  At the same time, he considers that by late 2028, between 5.5 and 6 BTC would be enough to be able to allow him to start to cash out at $80k per year... so he considers that either he is going to keep investing into bitcoin or at least to just allow another 3-ish years to pass so that his current BTC stash size would be enough to support his $80k per year income.

DCA investment amounts can be looked up here:  https://newhedge.io/bitcoin/dollar-cost-averaging-calculator

Hypothetical guy 2) who had started investing in bitcoin 10 years ago (began in October 2015) spent around 8 years investing into bitcoin at about $100 per week and had invested right around $42k and accumulated slightly more than 19 BTC, and feels that he has more than enough bitcoin, since he has more than 14.4 BTC, and so he had already started cashing out $6,666 per month of his bitcoin, and so if the BTC price is down, he ends up having to cash out more, and if the BTC price is up he is cashing out less, yet, he is pretty sure that if he is merely cashing out the dollar value of $6,666 per month, he has plenty of cushion in the amount of bitcoin that he has and the minimum amount that he needs to support an $80k per year income.  This guy considers that he has about 4.6 more bitcoin than he needs in order to support the level of income that he wants to maintain.. and most likely with this formula of cashing out bitcoin (including that he has excess bitcoin), he likely could give himself a 7% raise per year (and perhaps even a higher raise each year) and he would still be spending less than the sustainable amount of income that the current size of his bitcoin will support on a sustainable basis (which means forever and ever and ever.. perpetually).

Guys with a lot of BTC (or a sufficient amount of BTC and/or even more than enough BTC) might still worry about the BTC price, since the value of their BTC holdings is going down when the BTC price goes down, yet the dip may well still not be enough to get them to change their behaviors in any meaningful way if they had already concluded that they have enough bitcoin or more than enough bitcoin to support their withdrawal rate and they had planned out how they are managing their bitcoin holdings and if they are following through with their planned way of managing their bitcoin holdings in a way that they consider to be sustainable under most bitcoin price conditions.

DIP as we know is a light reduction in the price of Bitcoin, which allows investors buy more assets as an opportunity to buy at a lower price with the believe that where will be an increase in value
HODL as a time investors keeps there assets during the dip, and keeping this assets for a long period of time to later sell to get more profits.
While you are trying to take opportunity from dip and hold. it's very important that some risk factor are considered.
There could be a reduction in price that can lead to losses, and economic policy can also affect HODL.

We are not talking about trading and/or selling here, even though you are correct that if the BTC price dips, then the same amount of money can buy more bitcoin, yet at the same time, the more bitcoin a person already has, then the value of his bitcoin holdings come down (per coin) by the amount of the dip... so surely there might not be a lot of excitement in regards to being able to buy cheaper if the overall holdings might have been due to  8-10  years or more of accumulation, so the guy might not get that excited about being able to buy $100 or even $5k worth of bitcoin on the dip if his holdings might have gone down $100k or more based on a $40k drop in the BTC price (36% drop).

Also, if we are long term in bitcoin, we might not be overly obsesses with the extent to which our holdings are in profits or not, but instead concerned overall what our bitcoin holdings are worth and whether they are worth enough to be able to support a certain level of our expected income.. and so we will presume that we are in profits, but still perhaps concerned about if we have enough bitcoin or not in order to support a certain standard of living on a ongoing and sustainable basis.

[durg0319]

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.

Those who have reached their accumulation objectives are included in the list of those who does not like bear market because they want their investment to be in  good profits. Generally, everyone love to see the market in green, the only people that feel otherwise are those who are aggressively accumulating who see bear market as a time to buy more Bitcoin at lower prices. I think a of us fall into this category where we are still accumulating Bitcoin to be able to meet our objectives faster if the opportunity the market gave us via the little bear market we have experienced. Buying aggressively now is highly recommended and we should know that the present retracement is not the first time we are seeing it in the market,, so Bitcoin will always come back after the retracement and those who ignored the noise to buy now will enjoy later.

The market always does provide the opportunity somehow. Some people panic when prices go down but others use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

[JayJuanGee]

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.

Those who have reached their accumulation objectives are included in the list of those who does not like bear market because they want their investment to be in  good profits. Generally, everyone love to see the market in green, the only people that feel otherwise are those who are aggressively accumulating who see bear market as a time to buy more Bitcoin at lower prices. I think a of us fall into this category where we are still accumulating Bitcoin to be able to meet our objectives faster if the opportunity the market gave us via the little bear market we have experienced. Buying aggressively now is highly recommended and we should know that the present retracement is not the first time we are seeing it in the market,, so Bitcoin will always come back after the retracement and those who ignored the noise to buy now will enjoy later.

The market always does provide the opportunity somehow. Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

Is that what you are doing, durg0319?  or are you just talking theoretically about some hypothetical situation that relates to hypothetical guys that may or may not exist?

[Joeboy]

There is no need to fantasize about bitcoin investors either buying the maximum of the dip or even buying the dip in any kind of a meaningful way.

As long as a person is in bitcoin for a long time, he might spend many years accumulating bitcoin and perhaps even feeling as if he is not even making a lot of progress in his bitcoin accumulation, since maybe sometimes he just ongoingly buys, but then sometimes he runs out of money to buy more and then other times he tries to buy the dip but the price keeps dipping, so he might have had bought a bunch, but the purchase ends up being 20% to 30% higher than the ultimate bottom, yet sure some more money might come in and he is able to buy more and he buys more and after a cycle or two, he might start to feel that he is making progress and his bitcoin holdings are starting to get to a large enough size that he is starting to feel that he made it, especially compared with the guys who are just getting started in their bitcoin accumulation journey.

Sure...there is indeed no such thing as a deepest/ perfect dip. And so folks really need to start to buying if they haven't and then continue if the already are. Though their progress may be looking slow, especually when they are investing little amounts, but then that shouldn't be a problem coz growth in Bitcoin isnt always observed in the early stages, it will only be observable with time coupled with a consistency from the part of the investor. .

Some bitcoin accumulators make mistakes too, and they don't always realize that they should have had stayed focused on ongoing buying rather than selling some of their bitcoin too soon.. so then they might learn a lesson and keep accumulating while having some regrets about their earlier screw ups in terms of selling too many coins too soon.

Hopefully, guys advance in their bitcoin journey.. so that they learn to mostly hold their bitcoin and to just shave off what they need, but not all guys learn the correct lessons in regards to making sure that they are mostly holding onto their bitcoin rather than selling too much too soon.

And also guys need to focus more on consistently buying whether his discretionary income allows, instead of over stretching themselves into investing what they cannot afford in the long run, which may latter result in unnecessary selling....Selling off before reaching your investment timeline or "fuck you" status has a way of distorting your investment and will eventually corrupts your mentality into thinking that it wise to sell off anytime you want.. that is why having a back up fund is very important so that it can be used to deal with any situation instead of always having to sell of at any/every given opportunity.

[Different patterns]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I get you right and I understand your point here, one thing is that bitcoin investment doesn't require a big capital for starting, however, the reason why he said safeguard your investment with emergency funds it because many experienced investors build the emergency fund before investing into bitcoin not because they want to delay growth, because they want to avoid emotional financial decisions, when you plan the emergency funds in your investment list, as we know  that bitcoin can  drop in 20 50% in short period, without the emergency fund, if suddenly you need or unexpected bills appear, it would make the investor may be forced to sell at loss, at that particular point your investment stop being a long term plan, that's why it is good idea to build up the emergency funds because it protect the investment whenever the emergency comes, to avoid touch your bitcoin.

[Mr_Brilliant$]

DIP as we know is a light reduction in the price of Bitcoin, which allows investors buy more assets as an opportunity to buy at a lower price with the believe that where will be an increase in value
HODL as a time investors keeps there assets during the dip, and keeping this assets for a long period of time to later sell to get more profits.
While you are trying to take opportunity from dip and hold. it's very important that some risk factor are considered.
There could be a reduction in price that can lead to losses, and economic policy can also affect HODL.

You should know that most real Bitcoin investors do not even put profit as the first thing on their mind. The whole idea of buying the dip and holding is not just about quick gains, it is about thinking long term and finding every small opportunity to accumulate more….  That is why you see people quietly stacking, even when the market looks boring to everyone else..

And about the price dropping or economic policies affecting the market, those things do not really shake a solid Bitcoin investor..  If you already have a long term mindset, you would not even panic when the price reduces. You are not watching the chart minute by minute, you are focused on where Bitcoin will be years from now, not just next week..

So yeah, dips come and go, and lot of other things and policies… but none of that scares someone who knows what they are holding..   Long term thinkers do not care about temporary noise, they are only bothered about accumulating as much as they can..

[alankasman]

I get you right and I understand your point here, one thing is that bitcoin investment doesn't require a big capital for starting, however, the reason why he said safeguard your investment with emergency funds it because many experienced investors build the emergency fund before investing into bitcoin not because they want to delay growth, because they want to avoid emotional financial decisions, when you plan the emergency funds in your investment list, as we know  that bitcoin can  drop in 20 50% in short period, without the emergency fund, if suddenly you need or unexpected bills appear, it would make the investor may be forced to sell at loss, at that particular point your investment stop being a long term plan, that's why it is good idea to build up the emergency funds because it protect the investment whenever the emergency comes, to avoid touch your bitcoin.

The problem that arises when we don't have an emergency fund is certainly very difficult when many unexpected things happen without our thinking. One example is not having an emergency fund ready, and suddenly, when we've invested part of our income in Bitcoin, and our family members need a little of our earnings, we're forced to sell them, even at a low price.
This is something we must be wary of before something like this happens. Many of these things are happening, and this isn't the first time I've mentioned emergency funds.

Many are unaware of market conditions. What is clear is that today, the price of Bitcoin has dropped back from $92 to $86, so many people are currently looking to buy Bitcoin, preparing their investment for when the price returns to its original $120 level in early October.

[wmaurik]

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The market always does provide the opportunity somehow. Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

Patient individuals who consistently capitalize on buying opportunities when the price drops and persist with buying when the price rises are the ones who will truly reap the rewards for their hard work. However, these rewards usually won't be immediate, as Bitcoin needs time to rebound after falling from its peak to its current price. Those who rush to sell their Bitcoin after seeing the price drop are those who are truly panicking and completely unprepared for the situation, leading to making the wrong move at an inopportune moment like now.

[jems]

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The market always does provide the opportunity somehow. Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

Patient individuals who consistently capitalize on buying opportunities when the price drops and persist with buying when the price rises are the ones who will truly reap the rewards for their hard work. However, these rewards usually won't be immediate, as Bitcoin needs time to rebound after falling from its peak to its current price. Those who rush to sell their Bitcoin after seeing the price drop are those who are truly panicking and completely unprepared for the situation, leading to making the wrong move at an inopportune moment like now.

This kind of thing happens so often that it's surprising to me to see people panic when Bitcoin's price drops.
Some time ago Bitcoin price dropped to $80,000, then rose again to $92,000, and now it's corrected again to $85,000. What happened previously should have been a lesson to take advantage of, In fact these market fluctuations have been happening for a long time, so there's a wealth of valuable experience we can learn from.

Now we just need to focus on accumulating Bitcoin without worrying about news reports or market conditions that could trigger panic. I think that's much better.

[B2Z]

You are making a good point, people are very likely to have that absolute guarantee of investing in Bitcoin, We all know that Bitcoin have a tendency of growing and increasing and we might have a tendency of an opportunity of bullish periods, we might all know that when we have a chance of accumulating Bitcoin that should be a great opportunity of buying Bitcoin.

But investors should also understand that Bitcoin doesn’t have a guarantee, there is no guarantees of profits and there is no guarantee bull market coming immediately, well we might also experience more downturn, we might also have a bull period so actually nothing is guaranteed.

Since nothing is guaranteed in Bitcoin investment as you explained, what's the major triggering force for all Bitcoin investors.
First and foremost you should understand Bitcoin as a volatile asset will definitely face fluntuation which was what you have explained to your level of understanding, just like the two season you mentioned that exist which is the bearish and bullish period, if you're observant, you'll understand that the price has been hovering around 9$90k plus for few days now after settling at $86k and $87k plus for some days or will I say weeks back, as this was happening many persons said, we are now in bearish season which is the downtrend and as they were saying it, the price started doing what they can't comprend, the point am trying to make now is that, we may not experience such bear as we do before, so it is better we don't look at that direction, instead I encourage us to buy with looking at those directions, that seem like a discouragement.

People who want to invest in bitcoin should increase their knowledge about its basics and uses. If you look at the data since Bitcoin appeared, every year the price has soared higher and even reached a new ATH. What if someone tells you that BTC will again surpass the previous ATH accurately? Of course everyone's mindset will change and they will become more confident about their future. So what is happening now is normal in market dynamics. So if you want to invest in Bitcoin then don't use daily finances and it will make your psychology depressed all the time.

Look, I definitely agree with you, but here's one thing: if someone wants to invest in Bitcoin, then along with increasing their knowledge, they should also improve their financial situation. Because every time the price of Bitcoin falls, it creates new ATH. If you consider it from that perspective, you will understand that with the same income, you will not be able to continue investing comfortably in the distant future or even if you can, you will not be able to profit on average. This will affect your financial situation. Moreover, the increased cost of goods due to inflation will also negatively affect your personal life. So I personally think that if someone wants to secure their future, they should increase both knowledge and income.

There is no need for technical analysis or complex financial skills to start investing in Bitcoin. The first step to entering the world of Bitcoin is to start. It is a mental preparation where common sense and a desire to learn play a more effective role than being overly excited about technical analysis, market charts or price changes. It is not reasonable to postpone the investment time to learn too much about Bitcoin or to gain knowledge. It is wise to start with a small amount according to your ability, understanding your limitations well. As a result, it creates an opportunity to learn through practical experience in addition to reducing risk. Bitcoin is a powerful and influential asset in today's world. Therefore, it is essential to start investing in small amounts by understanding your financial cash flow management. Because if someone starts investing without keeping a system of discretionary income, then the main source of his problem will be the weakness of the financial structure, not the fluctuations of the market. Therefore, before investing in Bitcoin, one should have a proper plan about the flow of one's income, expenses and savings. Success in investment comes through patience, self-education, and continuous efforts.  Therefore, Bitcoin should not be seen as just an investment but as a path of self-development where one can take responsibility for one's own decisions, mistakes and learning. A realistic road map for beginners in Bitcoin investing is to start small, understand your financial structure, have a learning mindset, and be patient in the long run. It is not the intricacies of technical analysis but rather common sense, financial discipline and a mindset of self-improvement that are the foundation of true success.

I understand what you mean, there is no obligation for you to be rich to invest here, but your income needs to be at least stable enough that it will not affect your investment in the long run. The value of everything is increasing day by day. Even Bitcoin creates new ATH after every fall. I admit that you can start investing considering your situation, but if you do not improve your situation, that is, if you do not increase your income, it will definitely affect you later. On the other hand, there is the fear of unforeseen emergencies. If you bring up the fund somewhere here, one thing is how many times you can rely on the fund. I am not saying that you should wait to start investing, but after starting investing, it is necessary to increase your income to keep it going and to keep your personal life stable. Bitcoin is certainly a powerful and influential asset in today's world. But you will not get its results in the short term. You can start with a small amount, of course, but to keep it going, you must increase your income.

Of course, when a person invests in Bitcoin, his first objective will be to invest successfully. If he has minimal knowledge about Bitcoin, he will first want to invest successfully. However, if an investor first invests in Bitcoin and then invests in the hope of achieving high profits, it will be foolish for him because if he invests in the hope of high profits at first, he should not invest because he will be harmed by hoping to make extra profits, so he must first invest with a long-term plan and then get success. However, there are many investors who are very hasty in investing. Investing in a hurry will not yield much in that investment, so of course we must be patient and invest with a long-term plan. If we can invest in this way, we will definitely achieve enough success, which will make us more confident in our investment. Many times, if the market suddenly falls after we invest, we panic, so we should not panic, we must be patient and wait to test the market.

[arwin100]

Patient individuals who consistently capitalize on buying opportunities when the price drops and persist with buying when the price rises are the ones who will truly reap the rewards for their hard work. However, these rewards usually won't be immediate, as Bitcoin needs time to rebound after falling from its peak to its current price. Those who rush to sell their Bitcoin after seeing the price drop are those who are truly panicking and completely unprepared for the situation, leading to making the wrong move at an inopportune moment like now.

This kind of thing happens so often that it's surprising to me to see people panic when Bitcoin's price drops.
Some time ago Bitcoin price dropped to $80,000, then rose again to $92,000, and now it's corrected again to $85,000. What happened previously should have been a lesson to take advantage of, In fact these market fluctuations have been happening for a long time, so there's a wealth of valuable experience we can learn from.

Now we just need to focus on accumulating Bitcoin without worrying about news reports or market conditions that could trigger panic. I think that's much better.

I see two situation happening on why people react like that and that is either they are completely newbies or they are trading Bitcoin for short term. No experience investors would provably dump their Bitcoin at loss because that's the craziest decision to do. But for newbies and traders usually they have this fear that they might lose more money if there's decline happening that's why usually they take cut loss to avoid further damage. I find this act as crazy decision since for sure it might take some time for them to recover especially if they wait again for perfect time to accumulate again.

That's why I always think that its better to hold their position and just continue to buy, since if Bitcoin will recover they can provably earn then as well they can able to recover from past decline happened.

[ruykeri]

DIP as we know is a light reduction in the price of Bitcoin, which allows investors buy more assets as an opportunity to buy at a lower price with the believe that where will be an increase in value
HODL as a time investors keeps there assets during the dip, and keeping this assets for a long period of time to later sell to get more profits.
While you are trying to take opportunity from dip and hold. it's very important that some risk factor are considered.
There could be a reduction in price that can lead to losses, and economic policy can also affect HODL.

The explanation you have given about DIP and HODL is not that simple. There are many factors behind it. DIP in Bitcoin can be from 5% to 10% to 30% to 50% or more. This has a huge impact on investors. However, at this time, those who hold with a long-term mentality are the ones who are mainly successful. And it is never right to take risks to take advantage of the fall in the price of Bitcoin. Investing aggressively depends on the income flow. If discretionary income increases or for some reason extra money comes, then you can use it to buy Bitcoin aggressively. It is never right to invest aggressively in Bitcoin depending on the price of Bitcoin, as this can have a negative impact on your holding in the future.

The main purpose of HODL is not just to hold for near future profit. HODL is a mental position where you hold your position on a long-term plan despite the fluctuations of the market. You said that if the price continues to fall further after holding, then there may be more losses. In fact, this idea is wrong. If the price of Bitcoin falls, your wealth does not actually losing . Your wealth is lost when the price falls, you get scared and sell it. When you decide to dca in Bitcoin for 4 to 10 years, you have to accept that the price of Bitcoin will fall or rise a lot, even then I will not stop my investment. I will invest with regular discretionary income, as a result, during this long period possibility the price of Bitcoin will also increase and the amount of your wealth will be several times higher than the investment.

If you are in this loop of buying Bitcoin while in DIP and selling the holding concept in the near future, you will never be a proper successful in Bitcoin you may loss a lot . Bitcoin is a matter of financial security. As time goes by, fiat currency will continue to weaken and Bitcoin will become stronger, that is why there is no alternative to long-term investment.

[ejikeme24]

Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

How is that even possible for someone to panic when price is down then later run he still went back to add more and more Bitcoin?


It seems that you don't have a clue on how distracted and discouraging people feel after panicking and what did you think would give them the energy to keep accumulating more when they have already lost it through panic? This can only be possible if they urge them to keep adding as they can't summon courage by themselves. And surely Bitcoin investment is not about rushing it's something we need to prepare for since it's not anyhow investment, but the preparing I mean is setting up your discretionary funds as this is the first thing that is required for you to get started maybe with time you could start looking into setting up your emergency funds and your backup funds.

[durg0319]

The market always does provide the opportunity somehow. Some people panic when prices go down but use it to add more and more of Bitcoin. It's not about rushing and about getting things right on the day, it's more about being consistent, staying calm and about remembering that the market usually vindicates patience with rewards somewhere along the line.

Is that what you are doing, durg0319?  or are you just talking theoretically about some hypothetical situation that relates to hypothetical guys that may or may not exist?

I just found out I made an error in what I said, so I have corrected it