Buy the DIP, and HODL!

[Miles2006]

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

The reason why people still ask questions like this is because they fail to understand what's bitcoin price fluctuation, as a newbie it's okay to get a little scared like when I first heard about bitcoin and investing, little did I know about the accumulating strategy and never wanting to pressure myself  when buying. My advice now is people asking same question always should read about bitcoin previous price during every halving instead of repeating same thing, although we can't compare the past to the present but it's obvious that the price of bitcoin will not decline. I Compared the price of bitcoin on leap day; during 2020 the price got to $8,717, 2024 leap day btc price got to $61,257, so it's certain bitcoin price will reach $100k this year, I have seen a lot of speculation about the price reaching $120k. If what inspired the question above about the price decreasing is fear and emotion it's best such person invest with care, I don't think anyone should invest with fear and emotion cause there's a way to deal with such when investing, fear should never be an option when investing in bitcoin the best here is know your accumulating strategy and hold properly.

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[Ruttoshi]

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

You are right needless to worry about the market or the price of bitcoin, because from the current price of bitcoin, and the way the price has being pumping recently, it shows that bitcoin price will reach above $150k, before the next circle will start. This shows that bitcoin is worth investing in and hodli for long, because as we can see the ETF approval have a good impact on the price of bitcoin pumping and who knows if there will still be some event that will take place in the futire that will be a good impact on bitcoin price to pump higher.

With the current price, I don't think that it is too expensive to invest as a someone who do not have any bitcoin yet, because even I am still DCAing till date, and I will continue to do that because in the next circle this price that we are seeing now might be the price that most people will see as a dip when the time comes. So this is why one need to get started or continue accumulating as long as you are in your accumulation stage. Only those who ha enough bitcoin in their portfolio can relax and watch the market with happiness because their investment is already in a huge profit.

[promise444c5]

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

Firstly, Bitcoin  is not a stable coin so it's subject to both Rise and Fall
Due to the volatile  nature of bitcoin , it hard to predict how far it could drop and at the same time Rise but what we know is it's  in an uptrend chart since 2011 so investors believe every dip( which you call decrease) is an opportunity  to get more coins because its still in an uptrend.
Along which the idea of DCA was taken into consideration  with this you can recover from a massive  drop as you won't  have to worry either the market is rising  or falling , average profit is realised over the time of DCA progresss

[Justbillywitt]

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

The reason why people still ask questions like this is because they fail to understand what's bitcoin price fluctuation, as a newbie it's okay to get a little scared like when I first heard about bitcoin and investing, little did I know about the accumulating strategy and never wanting to pressure myself  when buying. My advice now is people asking same question always should read about bitcoin previous price during every halving instead of repeating same thing, although we can't compare the past to the present but it's obvious that the price of bitcoin will not decline. I Compared the price of bitcoin on leap day; during 2020 the price got to $8,717, 2024 leap day btc price got to $61,257, so it's certain bitcoin price will reach $100k this year, I have seen a lot of speculation about the price reaching $120k. If what inspired the question above about the price decreasing is fear and emotion it's best such person invest with care, I don't think anyone should invest with fear and emotion cause there's a way to deal with such when investing, fear should never be an option when investing in bitcoin the best here is know your accumulating strategy and hold properly.

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

[I_Anime]

so yeah.. how to apportion yourself for that possibility?  Not easy, but still choices have to be made based on individual particulars without causing yourself to overdo it at the same time.

As an investor you got to be flexible with your investment and also be ready or prepare for anything, market can go our way or go against Us sometimes (in terms of increase or decrease in price), so lately have been gathering some funds (for lumsump) for the upcoming bitcoin halving and same time continue my DCAing . Though I just started my bitcoin accumulating few months back , when I was busy wasting and risking my funds in some shit coin without getting any where. I've seen some great changes in my portfolio which as done well in inspiring me to keep driving in my bitcoin accumulating with  different strategies like DCAing. So this time around I just got to work hard in my bitcoin accumulation because I know that in a long run , my profit am going to yield is gonna  be massive.

[ginsan]

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

So, it's better to invest with cold money that is not affected by our daily economy. So if the price of Bitcoin drops significantly, which is beyond our expectations, of course we are ready for all situations and don't experience depression or excessive stress. In the previous few pages of this in thread, there has been a lot of discussion about managing our cash flow as well as possible, so in this case of course I don't agree that they are worried about the investments they make.

First, you have to make a plan for your finances, where if you are able to invest with a budget of 5% of your income, then do that regularly in your investment journey.

Second, continue to focus on long-term expectations, where if we invest for our old age, don't think about taking short-term profits because that will disrupt our investment journey.

Start with a smaller amount to strengthen your mentality in every change in market conditions. If you are successful in doing so, there will be no worries within you.

[Troytech]

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.

The reason why people still ask questions like this is because they fail to understand what's bitcoin price fluctuation, as a newbie it's okay to get a little scared like when I first heard about bitcoin and investing, little did I know about the accumulating strategy and never wanting to pressure myself  when buying. My advice now is people asking same question always should read about bitcoin previous price during every halving instead of repeating same thing, although we can't compare the past to the present but it's obvious that the price of bitcoin will not decline. I Compared the price of bitcoin on leap day; during 2020 the price got to $8,717, 2024 leap day btc price got to $61,257, so it's certain bitcoin price will reach $100k this year, I have seen a lot of speculation about the price reaching $120k. If what inspired the question above about the price decreasing is fear and emotion it's best such person invest with care, I don't think anyone should invest with fear and emotion cause there's a way to deal with such when investing, fear should never be an option when investing in bitcoin the best here is know your accumulating strategy and hold properly.

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

IMO  I won't try to tell anyone not to be afraid, cause at the end of the day it's his choice and he would and must bear full responsibility for his actions and investment, what i would safely advice is for him to approach with a long term mindset and investment plan than to follow the current fomo of the bull run and try to take profits from it, as it stands now we can't predict anything off the market, although based on the few facts available to us we can safely speculate higher prices but we can't say bitcoin would reach this price or that is the highest point of bitcoin in this bull run, so the idea of short term investment is cancelled from anyone's plan.

Most of us are new here and taking profits should our least of worries right now cause the price us getting higher meaning we have no choice than to continue with our DCA buying irrespective of the price, to be sincere I can't wait for the bear cause as a beginner the bear market is my best case senerio untill I'm well equipped with bitcoin from up to 6 years of accumulation. I'm never said anyone should stop buying now cause you can't tell if this price would never be seen again.

[promise444c5]

so yeah.. how to apportion yourself for that possibility?  Not easy, but still choices have to be made based on individual particulars without causing yourself to overdo it at the same time.

As an investor you got to be flexible with your investment and also be ready or prepare for anything, market can go our way or go against Us sometimes (in terms of increase or decrease in price), so lately have been gathering some funds (for lumsump) for the upcoming bitcoin halving and same time continue my DCAing . Though I just started my bitcoin accumulating few months back , when I was busy wasting and risking my funds in some shit coin without getting any where. I've seen some great changes in my portfolio which as done well in inspiring me to keep driving in my bitcoin accumulating with  different strategies like DCAing. So this time around I just got to work hard in my bitcoin accumulation because I know that in a long run , my profit am going to yield is gonna  be massive.

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

[I_Anime]

so yeah.. how to apportion yourself for that possibility?  Not easy, but still choices have to be made based on individual particulars without causing yourself to overdo it at the same time.

As an investor you got to be flexible with your investment and also be ready or prepare for anything, market can go our way or go against Us sometimes (in terms of increase or decrease in price), so lately have been gathering some funds (for lumsump) for the upcoming bitcoin halving and same time continue my DCAing . Though I just started my bitcoin accumulating few months back , when I was busy wasting and risking my funds in some shit coin without getting any where. I've seen some great changes in my portfolio which as done well in inspiring me to keep driving in my bitcoin accumulating with  different strategies like DCAing. So this time around I just got to work hard in my bitcoin accumulation because I know that in a long run , my profit am going to yield is gonna  be massive.

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

lol thanks, then I would say you where pretty lucky not to invest in such projects, can you bear seeing your hard earn funds going down without any hope of it ever bouncing back (expecially in newly released shit coins) . I'm pretty sure you are aware that most shit coin are just pump and dump scheme, and as newbies in this space with a funny mindset of thinking one can  get rich overnight after seeing alot of people showing off their wins they made from investing in some shitcoins through social media. And this as lead alot of newbies in making mistakes that caused them their hard earned money . Most time leaving a scar, affecting their confidence in investing. Those that started with investing in bitcoin are pretty lucky . Such people have strong faith and confidence in their bitcoin they are holding even take a look at the recent increase in price of bitcoin those that started investing on Bitcoin are already in good profit even those like us that even  claim that we didn't started our investing and holding on time and haven't  accumulated enough bitcoin in our portfolio Yet . Now imagine those that started around 2020, I don't want to even mentioned those that started around 2012 and are still holding till now , so there's nothing like investing in something that would give peace of mind and a good ROI like bitcoin.

[lienfaye]

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

It's a waste of time and money to invest in shitcoin. But probably many of us had an experienced investing in this kind of coin when we're just starting. Because of our greed to profit and just going with the flow on what's the current trend. But what matter is, we learned from the past experiences and we became aware of what coins are worthy to hold.

Anyway, Bitcoin is already soaring high. I bet many of us here bought during bearish season (as i'm one of them). This is a slap for investors who have doubt before, but now eager to invest because they already want to join the ride and don't want to miss the opportunity.

[Cryptoprincess101]

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

You are actually not afraid of Bitcoin investment because you now have an average knowledge of what Bitcoin investment is all about but have you considered the time when you were new into Bitcoin? Did you made an affirmative statement like this? So anyone who is new into Bitcoin investment would have this fear because they haven't gotten the adequate knowledge required to guide them and also enable them to invest without fear of how the market may turn out. Like for instance, most people invest on Bitcoin because they believe that the price would go higher, so in a situation where the price begins to dip instead of climbing high you see such investors panicking and wanting to sell their coins because they are afraid that the price may dip further of which their intentions of making that investment have been conquered but an investor who understands how the markets works wouldn't panic in times of dip because he knows too well that the price would come up again so you can now differentiate the reasons why some persons are afraid of investing in Bitcoin while some others are not scared at all because they have more experience.

Another factor that causes fear of investing is because, some persons must have been into wrong investment strategy in the past so they want to see results from others before they can be so sure about venturing into bitcoin investment because the success of others would now stand as a yardstick to them during their investment processes.

[Wind_FURY]

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

It's a waste of time and money to invest in shitcoin. But probably many of us had an experienced investing in this kind of coin when we're just starting. Because of our greed to profit and just going with the flow on what's the current trend. But what matter is, we learned from the past experiences and we became aware of what coins are worthy to hold.

Although I try to discourage newbies/plebs like me from making the same mistake that I made before 2019, I believe it's debatable and it depends on your ability, knowledge, and absolute luck. Plus plebs should be sure that they're "trading" to outperform Bitcoin - and HODL their profits in Bitcoin - which is very VERY difficult to do.

Anyway, Bitcoin is already soaring high. I bet many of us here bought during bearish season (as i'm one of them). This is a slap for investors who have doubt before, but now eager to invest because they already want to join the ride and don't want to miss the opportunity.

There will be many "traders" who will have less units in Bitcoin than those who merely HODLed since 2023.

[JayJuanGee]

But the problem is, is now the right time to buy bitcoin? considering the price is very high and prone to correction. I can only advise him to buy with the DCA model or wait for the price to correct. When he asked, what is the right price to buy bitcoin? I can only shake my head and say "no one knows"

Do you have any good advice for my friend? Honestly, I was confused with my answer because Bitcoin was very expensive and I was afraid of giving him the wrong advice

I'm doing a job to a reputed organization as a PS of owner. Last December, I told my boss to invest the Bitcoin but he didn't agree. However, he has million dollar into the share market. I'm maintaining his all accounts, and try to convince him by showing the bitcoin graph..recently he has shown interest in buying Bitcoin but it's not yet legal in our country.
My boss already talk to his friend who staying in USA.. sometime he goes their. I hope he might be invest in Bitcoin within future.

I have the same question, will the price of BTC decrease?
Is there any possibility that the price of Bitcoin will decrease during the halving?

Yes.  BTC prices can go in either direction, so it is good to have a 4-10 year timeline or longer for any investing into bitcoin that you do.

But during 2019 there were merely a handful of people who would say with real confidence that Bitcoin will surge to six digits. Many times, those people were derided as stupid, or called "Moon Boys". ¯\_(ツ)_/¯

The same is true in 2015 and 2016 (the year of your forum registration)  Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016... as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.

[edited out]

As he is worth over a million dollar, he can afford to put in a thousand dollar or more on Bitcoin per week without feeling it.

Usually any newbies could start out by considering anywhere between 5% and 25% as their target investment allocation to bitcoin, even though it could take a year or two to reach their target level of allocation, depending on how they go about it, even though right now it does not seem a good practice to spread out allocations timeline too far in the future, but those are matters of personal discretion.

By the way, some folks with millions of dollars of assets, might not be very liquid, so it could still take time to reallocate and to dedicate whatever might be his quasi-liquid investment portfolio into bitcoin, and sometimes business owners want to (or need to) stay a bit more liquid than some other folks.. depending on the nature of their business.

Bitcoin reached very close to its last ATH, Bitcoin ATH of $69,044, and Bitcoin went as high as $68,912 in the last 24 hours ago. Bitcoin just failed to break its previous ATH high of $134. And currently the price of Bitcoin is $66,022.37. But I hope it happens very soon. I expect Bitcoin to break its previous ATH very soon.

You must have your references incorrect, since we have already reached an ATH. 

I posted the below in this thread yesterday.

I don't know why guys here keep repeating non-sense and factually inaccurate information.

The previous ATH from 2021 was $69k (and yeah there may have been some variance from exchange to exchange, but many of the forum regulars use Bitstamp as the standard, and that $69k high was from Bitstamp), and so about 3 hours ago, the BTC price breached the 2021 ATH, and went up to $69,210.. and then corrected after that.  So our new ATH on Bitstamp is $69,210.

Here is a screenshot from about 3.5 hours ago.

[Moreno233]

[edited out]

As he is worth over a million dollar, he can afford to put in a thousand dollar or more on Bitcoin per week without feeling it.

Usually any newbies could start out by considering anywhere between 5% and 25% as their target investment allocation to bitcoin, even though it could take a year or two to reach their target level of allocation, depending on how they go about it, even though right now it does not seem a good practice to spread out allocations timeline too far in the future, but those are matters of personal discretion.

My suggestion of a thousand dollar or few thousand dollar investment per week by his boss is based on the peculiarity of his case. From what he said, his boss was reluctant to invest in Bitcoin for reasons best known to him, hence my reason for suggesting he start with less than 1% of his capital. Overtime this will show him the beauty of building a Bitcoin portfolio with insignificant amount of money that could amount to something significant as time progresses. When he fully grasp what Bitcoin is and the opportunity it represent, he can then up the numbers out of personal conviction.

By the way, some folks with millions of dollars of assets, might not be very liquid, so it could still take time to reallocate and to dedicate whatever might be his quasi-liquid investment portfolio into bitcoin, and sometimes business owners want to (or need to) stay a bit more liquid than some other folks.. depending on the nature of their business.

You are right and I see a lot of sense in what you said. As a business owner, he may not be that liquid as his funds are tied to the business. I think this also is in agreement with my suggestion of him starting with very little amount until he can own the investment process in Bitcoin, from there he can better plan his financial allocations in the future. My major concern is coming from the angle of him having his personal conviction rather than relying on recommendations of his employee.

Bitcoin reached very close to its last ATH, Bitcoin ATH of $69,044, and Bitcoin went as high as $68,912 in the last 24 hours ago. Bitcoin just failed to break its previous ATH high of $134. And currently the price of Bitcoin is $66,022.37. But I hope it happens very soon. I expect Bitcoin to break its previous ATH very soon.

You must have your references incorrect, since we have already reached an ATH.  

It seems that many people are not even aware that Bitcoin created a new all time high this month. It surprises me a lot because this is not the first time I am seeing a comment suggesting that some people are not aware of it. Maybe they are expecting it after the halving.

[Hewlet]

Like for instance, most people invest on Bitcoin because they believe that the price would go higher, so in a situation where the price begins to dip instead of climbing high, you see such investors panicking and wanting to sell their coins because they are afraid that the price may dip further of which their intentions of making that investment have been conquered but an investor who understands how the markets work wouldn't panic in times of dip because he knows too well that the price would come up again so you can now differentiate the reasons why some persons are afraid of investing in Bitcoin while some others are not scared at all because they have more experience.

This is where knowledge and experience play a great role. An average person who's just all about seeing that his investment yields profit would normally tense up whenever he sees anything that looks like a loss even though it's a temporary downside. For someone that's already in the market, they already know that volatility is an integral nature of bitcoin and regardless of the trend of the volatility, you can actually use it to your advantage.

While some people get tensed up during the bearish period with regards to their investment not yielding profit momentarily, it's actually the best season for others as they normally use that period for major accumulation and building of their portfolio. As an investor, it's necessary not to panic at all whenever the market is at the DIP  rather, it should be the period to buy more so during  the bullish season, you don't necessarily need to stay long in the market before having your desired profit.

[Chibit01]

This is exactly what I was discussing with one of my good friends few days ago I was trying to educate them the little I know about crypto currencies but my major concern was telling them about bitcoin one of them asked me exactly this question "what if the bitcoin start going downhill hope it is advisable for them to withdraw immediately?"....

Now here my answer comes in I told them that once tlyou investment in bitcoin and you startes making progress and profit and at a long run bitcoin now have a downtrend I told them not to panic or shiver because this is part of market that businesses goes up and down sometimes you don't have to panic in any way only to do is to relax don't be quick in withdrawal because that's where the knowledge of an investor is properly harnessed there's even a high tendency for you to make a huge profit after the downtrend unlike the once you have been making already even you withdrew during the downtrend without exercise patience you will definitely have a big loss because the dip loss reduction even your previously made profit and also the loss might dip into your capital if time is not taken and then when you make the withdrawal you have loss already.......

That is why it necessary for you to wait and seek for advice and also before you start bitcoin investment try to be knowledgeable about it aloa have a few good friends/mentor who will keep guiding all through your investment believe me if you can have patience within that period of downtrend there will definitely benefit which will come from the uptrend......

    I hope you all read to understand my humble opinion thanks 🙏👍

[ultrloa]

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

It's a waste of time and money to invest in shitcoin. But probably many of us had an experienced investing in this kind of coin when we're just starting. Because of our greed to profit and just going with the flow on what's the current trend. But what matter is, we learned from the past experiences and we became aware of what coins are worthy to hold.

Anyway, Bitcoin is already soaring high. I bet many of us here bought during bearish season (as i'm one of them). This is a slap for investors who have doubt before, but now eager to invest because they already want to join the ride and don't want to miss the opportunity.

There's time for that investment but people should not put their focus on shit coins since there's a lot of chance that they lose their money their instead of gaining since usually we know it will just end up as scam.

Much better for them if they put all their efforts to accumulate and hold bitcoin since we all know that future is good and there's more chance for them to earn. Perfect example is current happening with bitcoin since if they bough their balances on past few years where the price is so affordable for them to grab. For sure at the moment they are at bullish condition and can able to decide if they can sell or continue to hodl then wait for more months or years.

[Mayor of ogba]

I am not sure with that but I try to comprehend as well what he said. Whether we sell at a not so high price but we're able to profit from it. It doesn't matter how long someone has to wait for him to buy back.

It's not bad to take profits, actually we have to take profits whenever we can because that's the goal of everyone why we invest.

taking profit from your investment is not bad but still depends on the quantity of bitcoin you have accumulated. So in a scenario whereby a newbie started his journey of accumulating bitcoin, and he or she haven't gotten to anywhere with Their accumulation (have low quantity in their portfolio) and started taking profit from their investment expecially for those who are planning for long-term holding .

They doing so in taking profit from their investment in any increase in price of bitcoin. Shows that they lack principles in their investment, because that action may only result to slow growth of their portfolio. But as some one who have gotten far with us accummulation like holding from 4-5 yrs and above can start taken profit from their investment not those that just started their accumulation journey.

Taking profit from your investment is good, and actually suggested so you can re-invest those profits into another asset. BUT in a new asset class such Bitcoin, I would discourage anyone from taking profit in any price under six digits. Why? Because we haven't truly seen its real value financially, and its REAL value socially and politically.

Anyone taking profit from his bitcoin investment with the idea of buying back when the bitcoin price dumps is taking a great risk because that person will not be patient enough to wait for the bitcoin price to dump so that he or she can buy back his bitcoin because the bitcoin price keeps going high. FOMO will make that person buy back his bitcoin, even with the profit the person took from his bitcoin investment, just to be among those who are holding bitcoin in case bitcoin does the unbelievable. The person will be buying back less of the quantity of bitcoin he or she sold out because of the high price of bitcoin. 

[I_Anime]

Like for instance, most people invest on Bitcoin because they believe that the price would go higher, so in a situation where the price begins to dip instead of climbing high, you see such investors panicking and wanting to sell their coins because they are afraid that the price may dip further of which their intentions of making that investment have been conquered but an investor who understands how the markets work wouldn't panic in times of dip because he knows too well that the price would come up again so you can now differentiate the reasons why some persons are afraid of investing in Bitcoin while some others are not scared at all because they have more experience.

This is where knowledge and experience play a great role. An average person who's just all about seeing that his investment yields profit would normally tense up whenever he sees anything that looks like a loss even though it's a temporary downside. For someone that's already in the market, they already know that volatility is an integral nature of bitcoin and regardless of the trend of the volatility, you can actually use it to your advantage.
While some people get tensed up during the bearish period with regards to their investment not yielding profit momentarily, it's actually the best season for others as they normally use that period for major accumulation and building of their portfolio. As an investor, it's necessary not to panic at all whenever the market is at the DIP  rather, it should be the period to buy more so during  the bullish season, you don't necessarily need to stay long in the market before having your desired profit.

To start accumulating bitcoin don't required much knowledge, when you get the basic you good to go,  but still aslong you have started your bitcoin investment. Try and gather proper  knowledge (not talking about technical part) on how bitcoin and bitcoin investment works. Due to lack of such knowledge that why an average person may take any dip in market as an disadvantage to them, seeing theur  bitcoin value In Their portfolio dropped as market experience Dip.
While an investor with proper understanding on how bitcoin and bitcoin investment works, would take any dip as an opportunity to buy the dip in order to increase their portfolio knowing the price would lateron rise back . So there's no need to have any fear or panic when investing in bitcoin expecially when you are long-term holders.

Much better for them if they put all their efforts to accumulate and hold bitcoin since we all know that future is good and there's more chance for them to earn. Perfect example is current happening with bitcoin since if they bough their balances on past few years where the price is so affordable for them to grab. For sure at the moment they are at bullish condition and can able to decide if they can sell or continue to hodl then wait for more months or years

exactly you investing in bitcoin as already ensure you a brighter future, there where alot of people back then that their financial status was not encouraging, but they grab all the chances they got to have some good quantity of bitcoin during the time bitcoin price was still low. And they kept  holding till now , but now their lives won't remains the same because of the opportunity they grabbed back then in investing in Bitcoin.

Edited:

Anyone taking profit from his bitcoin investment with the idea of buying back when the bitcoin price dumps is taking a great risk because that person will not be patient enough to wait for the bitcoin price to dump so that he or she can buy back his bitcoin because the bitcoin price keeps going high. FOMO will make that person buy back his bitcoin, even with the profit the person took from his bitcoin investment, just to be among those who are holding bitcoin in case bitcoin does the unbelievable. The person will be buying back less of the quantity of bitcoin he or she sold out because of the high price of bitcoin

Well I get what you trying to say , yeah taking profit from your investment depend on the number of Bitcoin you have accumulated, before thinking of Taking some profit from your investment. someone that haven't gotten far with his investment, having the habit of always taking profit from his investment  with the mindset that he or she would replace it during any dip, won't be a wise move towards your investment because is not all the time you would have the chance to replace that profit you have taken from your investment. Which may endup reducing the quantity of bitcoin in your portfolio even when thinking of replacing it when the price is high.  Because buying when the price is high due to FOMO would only give you a lesser quantity compare to the profit you took from when the price was low . So I don't see any reason why those that haven't gotten much quantity for themselves to think of removing some profit from their investment, there's reason why they keep saying, always have an emergency funds and to always invest funds you could hold for long without thinking of tampering with your investment, what one should be thinking of now is how to stash some Good quantity of bitcoin in their portfolio, When hodl.

[Marvelockg]

Anyone taking profit from his bitcoin investment with the idea of buying back when the bitcoin price dumps is taking a great risk because that person will not be patient enough to wait for the bitcoin price to dump so that he or she can buy back his bitcoin because the bitcoin price keeps going high. FOMO will make that person buy back his bitcoin, even with the profit the person took from his bitcoin investment, just to be among those who are holding bitcoin in case bitcoin does the unbelievable. The person will be buying back less of the quantity of bitcoin he or she sold out because of the high price of bitcoin. 

It depends on the goal the person had previously set out to achieve in his investment and the strategy he  his working with. For someone that had been holding for a long time and had a lump sum of Bitcoin within that period that places him on a good profit, it's not wrong if he chooses to sell part of his holding and maybe reinvest it when the Bitcoin price dumps. For some, it's even a strategy that works well for them and it enables them to effectively HOLD for longer periods of time. It's only bad when you're just starting your investment journey and you're yet to accumulate a reasonable amount and because of a sudden pump in price, you feel its the right time to start selling.

As long as you know what you're doing and you're matured enough to stick with the right strategy that's working for you, continuous holding or choosing to  sell when the need arise and buying at your convenience  is totally up to you and as long as it's working for you then you're on the right track. The whole essence of accumulating using the DCA method or or buying in lump are all strategies that had been used and is still being used and proven to have help in the course of effective Bitcoin accumulation that will be profitable and whatever method you choose to stick with at the end of the day, as long as it gives you the peace of mind to accumilate at your own pace, just stick with it.