Buy the DIP, and HODL!

[Frankolala]

In as much as you are right in few of your expression, I dis agree with you mate, with your Short sighted way of spreading negative messages about Bitcoin by sounding so crazy in your narrative of what you think Bitcoin is, Bitcoin is one of the best if not the best when it comes to the world digital assets class and has proven beyond every reasonable dout about it's potentials from history since it's inception or invention , Bitcoin is not as risky as some people claims or proclaim but he I don't give a fuck about what you think Bitcoin is, because Bitcoin has made a significant outstanding performance, which gives you total control over your money, enabling borderless transactions, offering protection against inflation, preserving privacy, and as well creating an investment opportunity, Bitcoin is a save haven,  Bitcoin  is a store of value and wealth . You don't have to be dump and refused /failing to see the beauty of the potentials Bitcoin holds.

And it'll be sad if you didn't get that part, mate.  Also I implied the volatility of cryptocurrency in general when I said Bitcoin can fall, and all of that. Not necessarily that it's a bad investment choice. And making the said implication, is all with regards to  short term investors.

When you mention cryptocurrency in general, are you referring to bitcoin together with the other shitcoins? Why not simply use bitcoin and your points will be well understood and appreciated rather than deviating with your words which often make people think that the other shitcoins have the same validity as bitcoin? Efforts have been made by @JayJuanGee to encourage people to retain the word bitcoin in their discussion so that people do not confuse bitcoin with shitcoins that often bring bad reputation and prone to scams. So if you will be so kind, continue using bitcoin in comments and that will be just fine. It has all the attributes you are trying to explain.

Obviously, Bitcoin is among cryptocurrencies but the reason why we make Bitcoin of more in this discussion is because it is our most priority and the asset we have in our individual portfolio and all other cryptos come under Bitcoin that is why Bitcoin is taken to be a volatile asset. Our main objective here is focused on buying and hodling no matter the price of Bitcoin that is why the DCA is advisable then if there comes a dip, an investor with high source of income or that have reserved funds can choose to lump sum and still continue the DCA
Bitcoin being a high volatile asset needs time before your investment can boom to a certain height that is why anyone venturing into bitcoin need endurance and patience because it is not just about buying and selling but buying and hodling for the future because a greater fruit awaits your investment there.

Shitcoins probably doesn't have any future that is why we don't include shitcoins in this thread, we are more concerned about a guaranteed asset like Bitcoin and if we look at the growth and adoption of Bitcoin since it was introduced, we can have that feeling of safety and security of our Bitcoins as proud hodlers.

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

I am not surprised that you are sounding like this, because you are a newbie from the date of your registration and it shows that you have no knowledge on altcoins, including bitcoin. Don't let yourself be decieved that they is a potential shitcoin out there that can perform and have the same potential of bitcoin in the long term.

Bitcoin is king and all other coins are shitcoins because they are controlled and will not survive in the long run. I don't think that you have any investment yet, and it is people like you that will easily be decieved by influencers or the price manipulation of shitcoin, and you will rush to buying it. You will keep on holding those bags of shitcoin, till they will turn to zero value. This is when you will start crying to people that you have been scammed of which, you were the cause of what befall on you.

I have seen so many investors that invested in shitcoins, and after they lost all their money, they came back to bitcoin. If it is not bitcoin mate, you are wasting your time and resources in gambling. Buy bitcoin, and smile in the future. Buy shitcoins and cry in future, the choice is yours since it is your money.

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[CageMabok]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

[Bravut]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

For those holding in a long run, I don't there will be any panic or concern with price movement, they only care about building there portfolio (accumulating more bitcoin). It only those that are in for a short term, or present since it's bull run that always panic, since they gamble with it. Understanding how price moves is crucial, a price drop doesn't signify bear or whatever, price moves upwards and downward  we can't expect price to keep soaring higher.

The weak and the dumb will be shaken out while those who understand the principles will remain. Bitcoin currently at $63,xxx this is also a time you accumulate, keep practicing DCA it saves alot and help ease you buying or investing huge amount of money at a time in the name of buying the Dip,. Stick to your investment plan, that's the roadmap for your investment, make sure all your steps align. It doesn't matter how bitcoin will drop, what matters is your reaction to the market and your future goals.

[Odohu]

Obviously, Bitcoin is among cryptocurrencies but the reason why we make Bitcoin of more in this discussion is because it is our most priority and the asset we have in our individual portfolio and all other cryptos come under Bitcoin that is why Bitcoin is taken to be a volatile asset. Our main objective here is focused on buying and hodling no matter the price of Bitcoin that is why the DCA is advisable then if there comes a dip, an investor with high source of income or that have reserved funds can choose to lump sum and still continue the DCA
Bitcoin being a high volatile asset needs time before your investment can boom to a certain height that is why anyone venturing into bitcoin need endurance and patience because it is not just about buying and selling but buying and hodling for the future because a greater fruit awaits your investment there.

Shitcoins probably doesn't have any future that is why we don't include shitcoins in this thread, we are more concerned about a guaranteed asset like Bitcoin and if we look at the growth and adoption of Bitcoin since it was introduced, we can have that feeling of safety and security of our Bitcoins as proud hodlers.

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

If you put trust in shitcoins, you will learn the hard way. I have invested in a coin I thought had everything it takes to vomit free money. The use case was superb, team were popular faces with track records ìn the industry, their marketing was perfect and they ended up collecting millions through their ICO. At the end, the project died and my coins became worthless... this is what shitcoins is all about, heartbreaks, anxiety, FOMO and every other thing you need to avoid as an investor.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

If you already know that Bitcoin is father and you have seen how well it has performed as an investment option, why not channel your energy, time and resources on how to buy as much Bitcoin as you can instead of allowing distractions from shitcoins? Bitcoin have all you need and they are safer because no founder will hand you over a bag of worthless coins, you are totally in control of your coins especially when you buy and store in a self custodian wallet and your only job will be to protect your coins and then watch it grow in value as time passes.

I will encourage you to avoid making the same mistake I made, focus on building a Bitcoin portfolio and see how happy you will be 5-10 years from today.

[Uhwuchukwu53]

Obviously, Bitcoin is among cryptocurrencies but the reason why we make Bitcoin of more in this discussion is because it is our most priority and the asset we have in our individual portfolio and all other cryptos come under Bitcoin that is why Bitcoin is taken to be a volatile asset. Our main objective here is focused on buying and hodling no matter the price of Bitcoin that is why the DCA is advisable then if there comes a dip, an investor with high source of income or that have reserved funds can choose to lump sum and still continue the DCA
Bitcoin being a high volatile asset needs time before your investment can boom to a certain height that is why anyone venturing into bitcoin need endurance and patience because it is not just about buying and selling but buying and hodling for the future because a greater fruit awaits your investment there.

Shitcoins probably doesn't have any future that is why we don't include shitcoins in this thread, we are more concerned about a guaranteed asset like Bitcoin and if we look at the growth and adoption of Bitcoin since it was introduced, we can have that feeling of safety and security of our Bitcoins as proud hodlers.

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

If you put trust in shitcoins, you will learn the hard way. I have invested in a coin I thought had everything it takes to vomit free money. The use case was superb, team were popular faces with track records ìn the industry, their marketing was perfect and they ended up collecting millions through their ICO. At the end, the project died and my coins became worthless... this is what shitcoins is all about, heartbreaks, anxiety, FOMO and every other thing you need to avoid as an investor.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

If you already know that Bitcoin is father and you have seen how well it has performed as an investment option, why not channel your energy, time and resources on how to buy as much Bitcoin as you can instead of allowing distractions from shitcoins? Bitcoin have all you need and they are safer because no founder will hand you over a bag of worthless coins, you are totally in control of your coins especially when you buy and store in a self custodian wallet and your only job will be to protect your coins and then watch it grow in value as time passes.

I will encourage you to avoid making the same mistake I made, focus on building a Bitcoin portfolio and see how happy you will be 5-10 years from today.

Odohu I will totally agree with you because I have falling a victim as per shiltcoin, altcoin even the so called recent meme coin all failed me, I think Briankimp1 may not really understand until he became a victim just like me , but if I may advice it's of waste if time and energy waiting to a Fall victim before taking the required caution of channeling all effort towards BTC rather that any other such shiltcoin or altcoin as the case may. Just like he said that BTC is the father analyzing it critically don't you think leaving a father to do business with it's child can be a waste effort as such business may not stand, allot has happened and still happening in the crypto space along as altcoin, shiltcoin is concerned no matter how the team or road map may be they have failed many and can't stand for now the best one focus on BTC the better chance of achieving one success in the crypto space.

The fear if many is the high rise if BTC as they can't acomoulate as many with small amount use in buy the shiltcoin and altcoin but it will be a waste to invest on something that unpredictable and not profiting. BTC has come up with best strategy to accommodate everyone no matter how your level is through the DCA method or strategy one must not invest big but gradual process and continuous and with the aid if long time holding your assured meeting your goal at the end for me DCA has solved many problem that one don't need to mention altcoin or any other as alternative to invest on when the DCA is already for everyone.

[adultcrypto]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

Buying the dip is a good strategy but it is complex and difficult to follow because you cannot know what the end of the dip is. Price may drop which you will consider the dip, and just before you know it will continue dropping lower and what you might be thinking is the dip will just be high prices. You don't expect newbies to be in a confusing situation like this because they might just get frustrated and start panicking.  Instead of this, I prefer the DCA method with which I will comfortably buy when the price drops, and when it continues dropping I will keep buying and all to my advantage and I will not have the option of panicking. Newbies can easily use the DCA method as they will not have problem with price dropping or rising because whichever way the price goes, it is fine for them.

I know personal choices matters when it comes to investment but as generally acceptable means of buying bitcoin, the DCA method is recommended for all no matter their financial capabilities because the investment can be made in pieces but regularly.

[Popkon6]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

Basically we plan to hold Bitcoin for the long term, those who buy Bitcoin for the short term will usually try to buy on the dip and sell at a higher price. But our investment will be for few years (10 to 20 years), so we plan to invest regularly. As many weekly or monthly bitcoin purchases as possible to maintain holdings and in the future we plan to hold larger bitcoin holdings. So we never think about selling the benefit from our accumulated bitcoins, we only think how to keep bitcoins for a long time in this kind of plan.

[Tmoonz]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

That could be a wrong advice for beginners, the DCA strategy is there for you to use and make purchases irrespective of the price point,. However, in as much as it is good buying when the price is lower than it's previous high it doesn't really make much of the difference with those buying at ye peak if the  intention is to hodl for long term, dca allows you to buy Bitcoin at every price point while making arrangements for buying too when the price is low which will apparently give you the opportunity of buying more Bitcoin with the same amount of money you use in buying from it previous high after making arrangements for your emergency, reserve and float funds which are supposed to be the basic awareness for every biginners.

[Obim34]

l agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

So how many time would one need to get rekt (by shitcoins before finding that so called potential coin ). With don't need to start debating about shitcoins with potential or no potential, you are  familiar with a coin that have a nice and massive potential already which is Bitcoin so just stick with it than taking risks that would endup causing loss of resources like investing in shitcoins. Alot of folks have this thought that Bitcoin is too expensive for them blah blah ( but you can use different strategies to accumulate some nice quantities in your portfolio), and also having the mindset that Bitcoin has already gotten to its peak ( which is wrong Bitcoin still have alot space to grow). So don't mislead yourself just start your Bitcoin accumulation journey with proper plannings to secure a smooth investment ( bitcoin)

This can be scary especially for newcomers who might not understand how it all works. In the image above ,someone introduced a newbie to crypto without explaining the risks or advising them to do research first. Now the newbie is upset and asking for his money back.

This quote above is actually a post from my local board, I'm only using it as a reference to as many people, most especially the newbies whose ultimum search is to get quick profits, let them understand how scary it is to get involved into shitcoins, not just that alone, these set of people would invest blindly without proper knowledge. From the picture and chat, it wasn't Bitcoin they invested into, if it where then there will be no panicking because of the assurance that it must certainly bounce back to retain it's value. Our main search for investing, should basically depend on Bitcoin.

[JayJuanGee]

[edited out]

I will start by thanking the introducer of this and the moderator particularly, I am new here but I have learn allot with many post and comment over this DCA method of investment and how the strategy work and mostly what interest me most is how they keep updating on the current trending , allot has been learn even in the case of self custodian wallet to store BTC where privacy is more authentic, I stand to be corrected though as newbie need gain knowledge as per on the DCA now the correction is on, if one invest by using the DCA would thou be possible for investor to maintain the amount used as stock when next or one need to increase as the correction is over, where there may be a rise on btc. please bear with me on this as  regards this question  don't know where to ask this because I see more about the DCA here I need to engage fully on it.

Firstly, there is no need to quote the whole post, especially if the post is long and you might be asking some questions that are related to ONLY part of the contents of the post.

Second, if you are still figuring out how to get started with regularly investing into BTC, try not to get too caught up in regards to figuring out what the short-term BTC price is going to do, especially if you are considering buying for the long term, just start to buy regularly, and while you are perhaps starting to buy with small amounts of your discretionary income, then spend more time making sure that you have your budget in order rather than attempting to be overly strategic in regards to your bitcoin buys. You can adjust your BTC buys as you get more used to buying BTC regularly, so yeah, it might be better to first just do small weekly buys while you are figuring out your specific financial situation.

Sure specifically we do see that we are in the middle of a pretty decent dip, and without knowing more about your own particular circumstances, it is difficult to even know how much extra discretionary income you might have sitting around and ready to put into bitcoin or if you might start to engage in overly risky behaviors merely because you are still new to buying bitcoin and/or you are becoming overly greedy in terms of wanting to get short-term profits, which surely in this thread we are not focusing on short term profits rather than the creation and carrying out of plans that are going to give you options on a longer timeline, such as 4-10 years down the road or longer, and yeah, it can feel good to be able to buy on dips and maybe to have some additional assurance that your BTC holdings are in profits right from the beginning, yet whether or not your BTC are in profits from the beginning do not tend to be very good focus points, especially if you might well be serious about long term investment plans that will build your bitcoin over many years and give you more options one or two cycles down the road.

And, yeah, we cannot even tell from your description of your situation if you are absolutely brand new to bitcoin or if you had already been accumulating bitcoin for a while, which also can change the calculations that you would do on an individual level, and surely if you are actually quite brand new, then you may well realize that it can take more than 10 years to build a decently good size and strong investment portfolio, even with an investment that is so seemingly strong as bitcoin, and in spite of bitcoin's many strengths, it is also not guaranteed to return profits to you, so you should also consider those kinds of matters when you are establishing your investment strategies and carrying them out.

Maybe you want to discuss some of the matters that you are considering within the 9 factors that are important to consider for investing into bitcoin, and remember that BTC price performance is ONLY one of the 9 factors that you should be figuring out, yet you don't need to figure out all of the 9 factors in order to get started.

[edited out]

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

It is best to presume all other coins besides bitcoin are shitcoins, and you should approach them from that perspective... Don't give shitcoins any kind of benefit of the doubt, but instead consider them as affinity scams on bitcoin and full of overstatements that are merely playing off of bitcoin.

Sure there may well be exceptions to the rule, but it is hardly worth any time to be fucking around with them,. even though there might be some shitcoins that actually have some possible value... and you might even get yourself into worse shape if you try to value them based on their having high market caps, so then you get distracted into a bunch of nonsense and wasting your time, money and energies, when you should be spending that time, money and energies getting your shit together in regards to your bitcoin strategy.

Yeah, once you might get your shit together in regards to bitcoin, then perhaps at that point, you will have more liberty to "look into" various shitcoins, and perhaps by the time you actually look at bitcoin, you will actually come to realize that it is not worth your time to be fucking around with those various distracting bells and whistles that may or may not pump at the time you would like them to.

Anyhow, the punchline is to presume shitcoins really are shitcoins and don't waste your time on them, even if you like gambling, but if you cannot resist gambling then limit your gambling to 10%.. but yeah, degenerate gamblers are not able to limit themselves, so they just argue that all shitcoins are not shitty, so they are already approaching the matter from the wrong perspective which truly should be to presume that shitcoins are a waste of time, money and energies that could be better spent on focusing on bitcoin.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,

Fuck off with your pumping of shitcoins in this thread and trying to proclaim that some shitcoins are less shitty than others.. yeah, even if what you are saying might be true, it is not appropriate to be bringing such distracting nonsense into this thread.

These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

You sound distracted or maybe just a lost puppy.

Like this one:

[Stablexcoin]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

Buying the dip is a good strategy but it is complex and difficult to follow because you cannot know what the end of the dip is. Price may drop which you will consider the dip, and just before you know it will continue dropping lower and what you might be thinking is the dip will just be high prices. You don't expect newbies to be in a confusing situation like this because they might just get frustrated and start panicking.  Instead of this, I prefer the DCA method with which I will comfortably buy when the price drops, and when it continues dropping I will keep buying and all to my advantage and I will not have the option of panicking. Newbies can easily use the DCA method as they will not have problem with price dropping or rising because whichever way the price goes, it is fine for them.

I know personal choices matters when it comes to investment but as generally acceptable means of buying bitcoin, the DCA method is recommended for all no matter their financial capabilities because the investment can be made in pieces but regularly.

This is the main reason why buying the dip should not be taken as our primary strategy for investing in Bitcoin because it has the potential to fail us when we need to accumulate the most. Rather it should be seen as a secondary investment strategy option. Don't get me wrong I do not say it is not a good strategy because if an investor is lucky enough to buy the dip at a very low price (ie. 20-30% below) below the ATH then he would be on massive profits when starts retracing back up.

Yeah, it will be tramauntizing for beginners to buy the dip and before you know the price starts dipping more and more. Just like Dailsycript's opinion of Jay~. A good and more secured way for beginners to go through these hard decisions is to DCA. Whether they are buying at regular prizes or buying the dip, DCA method can be approached in both ways.

[Marvelockg]

l agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

So how many time would one need to get rekt (by shitcoins before finding that so called potential coin ). With don't need to start debating about shitcoins with potential or no potential, you are  familiar with a coin that have a nice and massive potential already which is Bitcoin so just stick with it than taking risks that would endup causing loss of resources like investing in shitcoins. Alot of folks have this thought that Bitcoin is too expensive for them blah blah ( but you can use different strategies to accumulate some nice quantities in your portfolio), and also having the mindset that Bitcoin has already gotten to its peak ( which is wrong Bitcoin still have alot space to grow). So don't mislead yourself just start your Bitcoin accumulation journey with proper plannings to secure a smooth investment ( bitcoin)

This can be scary especially for newcomers who might not understand how it all works. In the image above ,someone introduced a newbie to crypto without explaining the risks or advising them to do research first. Now the newbie is upset and asking for his money back.

This quote above is actually a post from my local board, I'm only using it as a reference to as many people, most especially the newbies whose ultimum search is to get quick profits, let them understand how scary it is to get involved into shitcoins, not just that alone, these set of people would invest blindly without proper knowledge. From the picture and chat, it wasn't Bitcoin they invested into, if it where then there will be no panicking because of the assurance that it must certainly bounce back to retain it's value. Our main search for investing, should basically depend on Bitcoin.

clearly, its not everyone that should invest into bitcoin and one mistake we make is telling newbies that buying bitcoin will make them rich and because most of them don't know the key fundamentals of bitcoin investment, you get to see this kind of mentality that clearly shows the dude knows little or nothing about bitcoin investment and that he is probably looking for ways to increase his capital to go into his business and for such people, bitcoin investment will obviously not work well for him.

while its not out of place to teach newbies about bitcoin and probably work them through the process of accumulating bitcoin till they have gotten the needed knowledge that will put them in a comfortable position to start investing on their own, basic knowledge regarding the fact that volatility is an integral part of bitcoin and shouldn't be looked at in the negative sense should be one of the first thing to inform them about. a dude that speaks the way the guy in the chat did clearly knows nothing about bitcoin and would have a big issue ceasing opportunities to buy during the dip instead of being afraid regarding the effect of the dip on his holding

[Bravut]

l agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

So how many time would one need to get rekt (by shitcoins before finding that so called potential coin ). With don't need to start debating about shitcoins with potential or no potential, you are  familiar with a coin that have a nice and massive potential already which is Bitcoin so just stick with it than taking risks that would endup causing loss of resources like investing in shitcoins. Alot of folks have this thought that Bitcoin is too expensive for them blah blah ( but you can use different strategies to accumulate some nice quantities in your portfolio), and also having the mindset that Bitcoin has already gotten to its peak ( which is wrong Bitcoin still have alot space to grow). So don't mislead yourself just start your Bitcoin accumulation journey with proper plannings to secure a smooth investment ( bitcoin)

This can be scary especially for newcomers who might not understand how it all works. In the image above ,someone introduced a newbie to crypto without explaining the risks or advising them to do research first. Now the newbie is upset and asking for his money back.

This quote above is actually a post from my local board, I'm only using it as a reference to as many people, most especially the newbies whose ultimum search is to get quick profits, let them understand how scary it is to get involved into shitcoins, not just that alone, these set of people would invest blindly without proper knowledge. From the picture and chat, it wasn't Bitcoin they invested into, if it where then there will be no panicking because of the assurance that it must certainly bounce back to retain it's value. Our main search for investing, should basically depend on Bitcoin.

clearly, its not everyone that should invest into bitcoin and one mistake we make is telling newbies that buying bitcoin will make them rich and because most of them don't know the key fundamentals of bitcoin investment, you get to see this kind of mentality that clearly shows the dude knows little or nothing about bitcoin investment and that he is probably looking for ways to increase his capital to go into his business and for such people, bitcoin investment will obviously not work well for him.

while its not out of place to teach newbies about bitcoin and probably work them through the process of accumulating bitcoin till they have gotten the needed knowledge that will put them in a comfortable position to start investing on their own, basic knowledge regarding the fact that volatility is an integral part of bitcoin and shouldn't be looked at in the negative sense should be one of the first thing to inform them about. a dude that speaks the way the guy in the chat did clearly knows nothing about bitcoin and would have a big issue ceasing opportunities to buy during the dip instead of being afraid regarding the effect of the dip on his holding

Well said,people come into the bitcoin market with high expectations, that consume them early with the aim of making quick gains within a short period. Like I said in my last thread that many are going to be shaken.

The market hasn't grab enough liquidity, newbies need proper orientation before venturing into the bitcoin market and understand the fundamentals of the market. This will prepare them but when you just invest without any knowledge about what you're doing you are bound to lose in such a volatile market.

One of the most important of all is invest what you can afford to lose and money you ain't going to use anytime soon. This will often lead to regre once neglected, always make the right decision.

[Asiska02]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Dips are always the best time to buy more bitcoin and add to what you have in your portfolio as well as averaging your price of bitcoin you’ve purchased so far in your portfolio savings. Not only newbies, but many would have panic sell at this dip. It dip and after a while when many people thought it will recover, it dipped again and made a lot of people to sell their bitcoin in savings. It is important to always have a prepared mind when investing in bitcoin, these are moments that your emotions are tested by the market and when you fail to resist it, you’ll be at loss with all of your investment in bitcoin. If you’ve been on the crypto space for quite some time now, this dip shouldn’t bother you because it’s a normal consensus that bitcoin follows before the halving takes place, so it’ll definitely bounce back big.

Getting started because of the dip is not a bad entry into BTC. If they have conducted their personal research on the assets they already new they have missed good opportunities to enter the market before the halving. No doubt, many investors trooped into Bitcoin investment because of the historical cycle data behind the halving period which is quite impressive. For starters like them 20-30% extra buy into the dip is very encouraging but for old-timers continuous DCA approach is what is needed, they could as well take the dip as an opportunity to add some extra fractions if there are more disposable income to spare.

Every time before the halving and bull run are good time to enter the market, but when you enter earlier the better it is for you in the long run. When market dips like this, it usually come unexpected and it’s always a good time to buy bitcoin whether as a first timer or those that have been long in the market and using the DCA approach to accumulate their bitcoin. For starters, it would not be bad to put some money into bitcoin with this opportunity of the dip, it it dips more, you can buy more but if it doesn’t you won’t get an average entry price on the price it will become when it rise a bit of the price it dips. This is an opportunity for everyone, it is good to utilize it and the best approach is still the DCA strategy.

[Wiwo]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

What price is really a good price that everyone call out about each time we see bitcoin discounted price, this is most important because many times some of those price changes comes with their own special advantages and at that we have to come to terms with the fact that since bitcoin price is unpredictable,  all that we need to do is to make the buy order at a price that we are comfortable with.

If such understanding is there, it then become easier for you as an investors to manage yourself around the whole bitcoin market and it volatilities

[Miles2006]

[edited out]

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

It is best to presume all other coins besides bitcoin are shitcoins, and you should approach them from that perspective... Don't give shitcoins any kind of benefit of the doubt, but instead consider them as affinity scams on bitcoin and full of overstatements that are merely playing off of bitcoin.

Sure there may well be exceptions to the rule, but it is hardly worth any time to be fucking around with them,. even though there might be some shitcoins that actually have some possible value... and you might even get yourself into worse shape if you try to value them based on their having high market caps, so then you get distracted into a bunch of nonsense and wasting your time, money and energies, when you should be spending that time, money and energies getting your shit together in regards to your bitcoin strategy.

Yeah, once you might get your shit together in regards to bitcoin, then perhaps at that point, you will have more liberty to "look into" various shitcoins, and perhaps by the time you actually look at bitcoin, you will actually come to realize that it is not worth your time to be fucking around with those various distracting bells and whistles that may or may not pump at the time you would like them to.

Anyhow, the punchline is to presume shitcoins really are shitcoins and don't waste your time on them, even if you like gambling, but if you cannot resist gambling then limit your gambling to 10%.. but yeah, degenerate gamblers are not able to limit themselves, so they just argue that all shitcoins are not shitty, so they are already approaching the matter from the wrong perspective which truly should be to presume that shitcoins are a waste of time, money and energies that could be better spent on focusing on bitcoin.

I don't think people will want to play with their money in our generation today mostly when it comes to investment choice. There's no two ways about it call a spade a spade is perfect just like shitcoins so there's no much argument. Even if these shitcoins has proven 100% it's still advisable to avoid investing, from my view shitcoins only attract people who want to make fast profit so at first they might look nice for investment and at the end they end up misbehaving as usual. Just as every learning process implies little or big it's best to learn the needful first and I believe the needful is bitcoin. JJG has said it all don't let shitcoins mislead you to an extend you start hype shitcoins or shitcoins should not stand as an obstacle when it comes to making right investment (bitcoin) choice

[cxtreenal]

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.

What price is really a good price that everyone call out about each time we see bitcoin discounted price, this is most important because many times some of those price changes comes with their own special advantages and at that we have to come to terms with the fact that since bitcoin price is unpredictable,  all that we need to do is to make the buy order at a price that we are comfortable with.

Expected better price means buy bitcoin at dips. You should decide to buy Bitcoin by monitoring the market conditions to get the expected good price or dips. But in case of depositing bitcoins or following investment DCA method may the best choice for you. The Bitcoin market is constantly changing colors so choose your best option. Rest assured that the DCA method is going to be the comfortable investment you expect.

[Samlucky O]

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

I shouldn't have attended to this your comment because most people have replied to it but let me add more to what they have said. Shitcoin don't have future if you said altcoin, it would have sound somehow because when people talks about altcoin some may think of etherium or BNB and some others that have followed btc by having a good record over the years but talking about shitcoin, it just mean talking about fucking shit which is less or below the altcoin that people feel they can invest aside bitcoin.
Bitcoin has what it takes to be called bitcoin that's why people talk more about it.. ranging from market cap, total supply, scarcity and all that. Another thing also is that bitcoin is the only coin that always experience halving each circle every four years and that has cause tremendous push in each circle making it to have an all-time high ATH each circle and that is theore reason people love talking about bitcoin or investing in it. After each halving it creates a new ATH which even the dip can never fall back below the previous ATH. After the 2024 halving it will set a new ATH and we continue till another ATH will be set around 2028 towards 2029 so there is a great hope and future for investors and all this I explained shitcoin can never be a partaker of it because they have no potential like bitcoin. That's why bitcoin is the future.

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets.

For me I don't see it that way. accumulating process is a matter of choice  wether DCA, dip and HODL or lump sum. all you just need to do is to have your  reserved fund which you can use it to buy bitcoin whenever it's dip but DCA is still the best so far. There is no point going too far in explanation.

[Tmoonz]

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

I shouldn't have attended to this your comment because most people have replied to it but let me add more to what they have said. Shitcoin don't have future if you said altcoin, it would have sound somehow because when people talks about altcoin some may think of etherium or BNB and some others that have followed btc by having a good record over the years but talking about shitcoin, it just mean talking about fucking shit which is less or below the altcoin that people feel they can invest aside bitcoin.
Bitcoin has what it takes to be called bitcoin that's why people talk more about it.. ranging from market cap, total supply, scarcity and all that. Another thing also is that bitcoin is the only coin that always experience halving each circle every four years and that has cause tremendous push in each circle making it to have an all-time high ATH each circle and that is theore reason people love talking about bitcoin or investing in it. After each halving it creates a new ATH which even the dip can never fall back below the previous ATH. After the 2024 halving it will set a new ATH and we continue till another ATH will be set around 2028 towards 2029 so there is a great hope and future for investors and all this I explained shitcoin can never be a partaker of it because they have no potential like bitcoin. That's why bitcoin is the future.

@samlucky o,  what exactly is your definition of altcoin from your expression ? I don't think if  there could be any better way of describing that all other coins besides Bitcoin are not shitty and whichever way you may have it, no one deserves to be treated preferentialy because they are way far below Bitcoin in all ramifications, and not even considering their market capitalization which could only be causing lots of distractions, wasting of money, time and energies when all of that are supposed to be allocated to Bitcoin. However, trying to argue that not all coins other than Bitcoin are shitty can apparently cause a lot of distractions to this thread which is baseless and unrealistic. Whether shitcoin or altcoin they are just the same.

Expected better price means buy bitcoin at dips. You should decide to buy Bitcoin by monitoring the market conditions to get the expected good price or dips. But in case of depositing bitcoins or following investment DCA method may the best choice for you. The Bitcoin market is constantly changing colors so choose your best option. Rest assured that the DCA method is going to be the comfortable investment you expect.

No mate, that is not the best approach you don't have to time or monitor the market condition if is a long term investment plan , which is the concepts of this thread. Those that time or monitors the market conditions are the traders whose aim or intentions are only to maximize profits within the shortest time frame which is considered to be gambling rather investing. The dca strategy allows you to buy Bitcoin irrespective of the price point either weekly or monthly based on your financial situation. However, buying at the dip can be very good as it gives you the opportunity of buying more Bitcoin at a price lower than it's previous high but it shouldn't be considered as a primary investment strategy, the best approach could be being consistence with your dca strategy and prepare yourself for the ups and down that may happen or not to enable you maximize every opportunity of accumulating more of Bitcoin in your investment.

[Barikui1]

In as much as you are right in few of your expression, I dis agree with you mate, with your Short sighted way of spreading negative messages about Bitcoin by sounding so crazy in your narrative of what you think Bitcoin is, Bitcoin is one of the best if not the best when it comes to the world digital assets class and has proven beyond every reasonable dout about it's potentials from history since it's inception or invention , Bitcoin is not as risky as some people claims or proclaim but he I don't give a fuck about what you think Bitcoin is, because Bitcoin has made a significant outstanding performance, which gives you total control over your money, enabling borderless transactions, offering protection against inflation, preserving privacy, and as well creating an investment opportunity, Bitcoin is a save haven,  Bitcoin  is a store of value and wealth . You don't have to be dump and refused /failing to see the beauty of the potentials Bitcoin holds.

And it'll be sad if you didn't get that part, mate.  Also I implied the volatility of cryptocurrency in general when I said Bitcoin can fall, and all of that. Not necessarily that it's a bad investment choice. And making the said implication, is all with regards to  short term investors.

When you mention cryptocurrency in general, are you referring to bitcoin together with the other shitcoins? Why not simply use bitcoin and your points will be well understood and appreciated rather than deviating with your words which often make people think that the other shitcoins have the same validity as bitcoin? Efforts have been made by @JayJuanGee to encourage people to retain the word bitcoin in their discussion so that people do not confuse bitcoin with shitcoins that often bring bad reputation and prone to scams. So if you will be so kind, continue using bitcoin in comments and that will be just fine. It has all the attributes you are trying to explain.

Obviously, Bitcoin is among cryptocurrencies but the reason why we make Bitcoin of more in this discussion is because it is our most priority and the asset we have in our individual portfolio and all other cryptos come under Bitcoin that is why Bitcoin is taken to be a volatile asset. Our main objective here is focused on buying and hodling no matter the price of Bitcoin that is why the DCA is advisable then if there comes a dip, an investor with high source of income or that have reserved funds can choose to lump sum and still continue the DCA
Bitcoin being a high volatile asset needs time before your investment can boom to a certain height that is why anyone venturing into bitcoin need endurance and patience because it is not just about buying and selling but buying and hodling for the future because a greater fruit awaits your investment there.

Shitcoins probably doesn't have any future that is why we don't include shitcoins in this thread, we are more concerned about a guaranteed asset like Bitcoin and if we look at the growth and adoption of Bitcoin since it was introduced, we can have that feeling of safety and security of our Bitcoins as proud hodlers.

I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

Bro, in as much as you are new here, I believe that you have experience how the market have been declining for the past week now, and if you pay close attention to the alt and shit coin, they have crashed drastically wish most of them will never recover their previous value before now again, what am trying to say is that their is no point gambling with and alt or shit that falls more than they rise, when Bitcoin that gives you security for your investment is present.

The major problem most newbies are having is greed, they believe that those alt and shit coin can give them 10x to 100x of their investment, which they actually don't know that they are gambling with their hard earned money for something that is very much likely to fail than to succeed, until they stop listening to social media influencer when it comes to investment, they will keep on going the wrong path by investing in all this alt and shit coin.