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Author Topic: Buy Bitcoin, and HODL!  (Read 87821 times)
Adbitco
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June 19, 2024, 09:10:33 AM
 #9261

Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.
A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

Most people who had thousands of BTC never stop at one or two they keep increasing their portfolio through DCA except for those people who are on an average job that pays little that could take time to increase their BTC holding in their portfolio.

You seem to be talking about potential personality problems that some people might have in terms of never having enough.

Let's say that you had an income of about $50k in early 2013, and so in the beginning or 2013, you started accumulating around $100 per week of bitcoin, and so you kept your job, and so you don't consider after some point you are going to feel that you have enough BTC?  After 9 years from early 2013 to early 2022, you had invested right around $47k and you had accumulated nearly 133 BTC.  Wouldn't you start to feel that you have enough BTC at some point?  or do you still need more?  Even if your income doubled from $50k in 2013 to $100k in 2022, don't you consider at some point you have enough BTC to start to withdraw and maybe you don't need your $100k job if you have enough BTC to provide the same level (or more) income?

This depends on individuals otherwise whatever amount we had accumulated might not serve us in our life-time therefore we can be touched to accumulate more, although we might stop at some point because comparing to the previous year when buying bitcoin at cheaper rate and with the current rate that investor might feels pleased to keep accumulating anymore.
I think you are correct because the price differences could discourage him to stop accumulation instead focused on his holding and and job, sometimes he might decides to run a physical business where he wouldn't touched his investment rather focused on running business.

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June 19, 2024, 09:47:19 AM
 #9262

Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.
A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

Most people who had thousands of BTC never stop at one or two they keep increasing their portfolio through DCA except for those people who are on an average job that pays little that could take time to increase their BTC holding in their portfolio.
If we can naturally accept the fact that after investing in Bitcoin and holding that investment we may experience a temporary loss of money, then we will certainly not hesitate to hold Bitcoin. I have invested the market has changed a bit and if that affects us then surely we will not be able to hold our investment for a long time. You have to forget the illusion of the amount of money that you have invested and the amount of money that you will invest regularly and you have to assume that this money is fully deducted from your total money. The invested money will not be of any use to you, you don't care if you gain or lose, if you can plan like this, you will be successful in keeping your investment for a long time.

You provably not feel that especially if you planned already that some parts of your earnings will go to bitcoin investment. Also I cannot call it a temporary lose since your money is just their setting down on your wallet. So for not having any doubts much better to check your decisions first if you are really ready to invest on bitcoin for long term so that there will be no other distraction and you can focus your accumulation. You cannot do the DCA well if you are been bothered or not been satisfied so we need to focus on our investment and think more positive outcome from it. Also don't invest your hard earned money especially if you can't afford to lose it just use the extra one so to avoid getting much affected on the market movement since we know market is so volatile that's why we need to prepare our emotions for this scene.

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June 19, 2024, 10:22:22 AM
 #9263

Yes as long as Bitcoin investment is concern we don't only need to hold and wait but we should just keep on accumulating more and more Bitcoin until we are satisfied with the quantity of Bitcoin we have accumulated not in less than 3 years below but 4,5 years and above, we can buy more Bitcoin using both DCA method and the lump sum strategy which will help us accumulate more Bitcoin in a long run.

Am not sure of qwhat you meant by being satisfied, nor do I think other investors who consider the future would use such word. I am very sure that no one is ever satisfied with making more money (even the world's richest people), so why should we be satisfied with making investments?. The continuous use of the DCA strategy for at least four years, before doing whatever you want to do with it doesn't mean someone is satisfied. There might just be a very important project that has been sidelined, with the intention of making use of the investment after at least four years.

In another sense, if your portfolio happens to be very high, but you keep getting extra personal funds, then you should continue to invest. Or do you prefer to waste your extra funds just because you feel your accumulation portfolio is satisfactory enough?.
There is definitely a point of satisfaction in whatever we are doing in life and bitcoin investment is not exceptional. There is a point you will get to in the course of your investment and you will feel that wow, I have accumulated this amount of bitcoin, I think I'm satisfied with what I have so far. At this point that's when you think of diversification. I think that's what @Zack5000 meant when he used the word satisfied. If you have gotten to this level, you can channel the extra money that's coming your way into construction, Transportation or any other business you deem fit.
Not that you are satisfied with making money rather you want to get into other forms of investments. Let take Elon musk as an example, he invested in bitcoin, Tesla, X (Formerly known as Twitter) internet service (Star link) he has positioned himself very well and profits are coming from different angles.

Judging by what you are saying that one shouldn't be satisfied with bitcoin investment, Elon musk should have sold off his other assets and only focus in bitcoin investment. So it's not wrong for someone to say he/she has gotten to a point where they feels satisfied with their bitcoin portfolio and seek other avenues to diversify their investments. Even in economics portfolio diversification is very important, so don't be confused when you hear people say they are satisfied with their bitcoin portfolio. It doesn't mean they are tired of making money.

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June 19, 2024, 11:32:05 AM
 #9264

Am not sure of qwhat you meant by being satisfied, nor do I think other investors who consider the future would use such word. I am very sure that no one is ever satisfied with making more money (even the world's richest people), so why should we be satisfied with making investments?. The continuous use of the DCA strategy for at least four years, before doing whatever you want to do with it doesn't mean someone is satisfied. There might just be a very important project that has been sidelined, with the intention of making use of the investment after at least four years.

In another sense, if your portfolio happens to be very high, but you keep getting extra personal funds, then you should continue to invest. Or do you prefer to waste your extra funds just because you feel your accumulation portfolio is satisfactory enough?.
Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.
If it is based on present market condition, you are very correct because $10 DCA will rarely yield anything significant but that does not mean that a low income earner cannot take that path rather than doing nothing or waiting to have big amount of money before investing in Bitcoin. As long as $10 investment can be made regularly without any challenge that might force the investor to sell his coins, I think it is a good choice for a start while the investor work more on scaling this by seeking additional sources of income.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.
This still bring us back to what you said which is individual targets and personal ambition. Age is a factor like you said and I also think that country of residence is an important factor. Someone living in the UK might have different Bitcoin target from someone living in Bangladesh or a country like Niger Republic the reason being that $10 might mean something very big for someone living in Niger Republic or Bangladesh whereas the same amount can barely afford a breakfast for someone in the UK and also less than the average pay per hour some someone in the same country. In other words, the ease of making $1,000 dollar in the UK is far less than that in a country like Nigeria where $1,000 is like dream amount of an average young person. Under this condition, someone in the UK might set a target of accumulating 1BTC in two years whereas someone in Nigeria might work for the rest of his life without being able to save 1BTC. So setting Bitcoin goals for both scenarios will be totally different.

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June 19, 2024, 11:53:36 AM
 #9265

Am not sure of qwhat you meant by being satisfied, nor do I think other investors who consider the future would use such word. I am very sure that no one is ever satisfied with making more money (even the world's richest people), so why should we be satisfied with making investments?. The continuous use of the DCA strategy for at least four years, before doing whatever you want to do with it doesn't mean someone is satisfied. There might just be a very important project that has been sidelined, with the intention of making use of the investment after at least four years.

In another sense, if your portfolio happens to be very high, but you keep getting extra personal funds, then you should continue to invest. Or do you prefer to waste your extra funds just because you feel your accumulation portfolio is satisfactory enough?.
Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.
If it is based on present market condition, you are very correct because $10 DCA will rarely yield anything significant but that does not mean that a low income earner cannot take that path rather than doing nothing or waiting to have big amount of money before investing in Bitcoin. As long as $10 investment can be made regularly without any challenge that might force the investor to sell his coins, I think it is a good choice for a start while the investor work more on scaling this by seeking additional sources of income.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.
This still bring us back to what you said which is individual targets and personal ambition. Age is a factor like you said and I also think that country of residence is an important factor. Someone living in the UK might have different Bitcoin target from someone living in Bangladesh or a country like Niger Republic the reason being that $10 might mean something very big for someone living in Niger Republic or Bangladesh whereas the same amount can barely afford a breakfast for someone in the UK and also less than the average pay per hour some someone in the same country. In other words, the ease of making $1,000 dollar in the UK is far less than that in a country like Nigeria where $1,000 is like dream amount of an average young person. Under this condition, someone in the UK might set a target of accumulating 1BTC in two years whereas someone in Nigeria might work for the rest of his life without being able to save 1BTC. So setting Bitcoin goals for both scenarios will be totally different.


I agree with you on stance that Bitcoin Accumulation and how far one goes is personal targets and subject to individuality. 
I disagree that Country of residence will in anyway affect a decision that an investor already have made concerning Bitcoin Accumulation relating it to amount present ($$). There are still youth in the aforementioned countries that live and can comfortably invest $1000. I doubt that it would hinder them rather you can context it in terms of probably Job opportunities that pay such sum, skill set and means not the country of Residence. There are still others in UK or the so called developed countries that cannot afford such amount,... Having talked about Individuality it would be necessary to relate it that way because of really any investor wanna scale up he will do anything within his power to keep up and not being limited because of country blah blah.
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June 19, 2024, 12:35:44 PM
 #9266

A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

You could be right because most times human needs is insatiable that is why sometimes when an investor has not really arrived at his targeted point they will be having the mindset that immediately they get to that particular point they will hold but however you will be surprising to see that even after achieving there goal they will not really be satisfied and as such they will keep pushing to acquire more, which is also applicable in Bitcoin investment because with the potential of Bitcoin it will be very difficult to be satisfied with the amount you have already accumulated because in one way or another you would always find the need to acquire more Bitcoin especially when the source of income is flowing you will always keep investing.
One relatable human behaviour is about always wanting more, in every aspect of our lives, most especially when it comes to the point of financial achievement, it is noticed that no matter the money already made, we still strive to make more, same goes to Bitcoin. First, it is a matter of ones decision, let the mind be willing then it becomes a habit of consistently wanting to go beyond our estimate or target budget. Since it is something done with an open mind, then many investors will not see it as a big deal to generate another budget after completing one already.

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June 19, 2024, 01:41:12 PM
 #9267

....

You cannot do the DCA well if you are been bothered or not been satisfied so we need to focus on our investment and think more positive outcome from it. Also don't invest your hard earned money especially if you can't afford to lose it just use the extra one so to avoid getting much affected on the market movement since we know market is so volatile that's why we need to prepare our emotions for this scene.


what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market. that's why the key to DCA investment is how someone can be consistent and invest some of their money that they are ready to invest and let it grow in their wallet.

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June 19, 2024, 01:48:55 PM
 #9268

Hahaha...Your advice is so funny to me and it is highly unprofessional, to say the least. Are you telling me that we should buy Bitcoin at both favourable and unfotable prices? That's the way I see it with your advice.
That  is the importance of a DCA strategy,  whether the conditions of the market are favourable or unfavourable  DCA  helps you to keep accumulating  bitcoin regardless of market performance. DCA helps investors stay focused in their long-term goals acumulating asset (bitcoin) consistently and efficiently despite market conditions.
You see, investment has its own guidelines and principles for effective productivity so we should not due to Bitcoin ignore it. If we did, then it may become an issue over time. Fine, Bitcoin might have reached a very high price in the next 10 years, but how sure are you? This is why we need to be cautious no matter how we are trusting about it.
This question where also asked from the inception of bitcoin 10-12 years ago, there where many who doubted the potential of Bitcoin just as you're asking, and they failed to capitalise on the  opportunities bitcoin presented at that time, so many have testified of their regret. When we look at the pace at which bitcoin grew over the period , commanding good amount and competing with so many other assets (e.g real estate, land, gold and silver ....etc) that where in existence many years ago before its birth  it shows that bitcoin  has the potential and grow for many years to come. It's essential we keep an open mind in bitcoin while accumulating to build a good portfolio rather than ask questions that can bring uncertainties to bitcoin investment.
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June 19, 2024, 04:49:50 PM
 #9269

....

You cannot do the DCA well if you are been bothered or not been satisfied so we need to focus on our investment and think more positive outcome from it. Also don't invest your hard earned money especially if you can't afford to lose it just use the extra one so to avoid getting much affected on the market movement since we know market is so volatile that's why we need to prepare our emotions for this scene.


what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market. that's why the key to DCA investment is how someone can be consistent and invest some of their money that they are ready to invest and let it grow in their wallet.
I think the essence for DCA investing bitcoin is for one to be a able to afford a fixed amount to invest in bitcoin but when one is investing with the fund that can't be afford to lose that means the person is going contrary which can end up as a bad investment because of the volatility of the market. The DCA method has made investment to be very easy for everyone and for people to invest without fear of losing and for one to be able to have a reserved fund that can be use for emergency .

It is out of greed people invest with the money they can't afford to lose because they want to make quick money and huge profit, people make this mistake because of lack of understanding.  Someone who truly understands bitcoin and the market will never use all the money they have to invest bitcoin because it is a wrong investment plan that will result to nothing.

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June 19, 2024, 04:50:01 PM
 #9270

[edited out]
You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

We might be going through consolidation for nearly 4 months, but I doubt that "stable" is any kind of an accurate way of describing BTC prices or BTC price dynamics.
saying Bitcoin is stable could be kinda misleading and may not be the right choice of word to best describe Bitcoin prices or even a consolidation period because bitcoin is originally known for its volatility and its rapid price fluctuations.

When talk about Consolidation in the bitcoin market, it simply implies a period of time when the bitcoin price range are relatively narrow, but this is far from stability, it's more like a recuperation period or a pause in Bitcoin price to prepare the market for the next significant movement in bitcoin price.
The stability or instability of bitcoin are less concern to me as long as you are for the long-term. Investors like myself don't care about the bitcoin price stability,  rather what matters the most is believing in bitcoin potentials and growth. The main focus is on accumulating and holding for thelong-term rather than worrying about price stability. Due to its volatile in nature bitcoin can not be stable bitcoin price always fluctuate but it's long-term trends has been consistently upwards. Bitcoin's history of resilience and appreciation in value overtime provides confidence for investors, so keep your eyes on the value bitcoin provides in the long run and let the instability take care of themselves.  
You make sense mate Bitcoin is more profitable when held for long term purpose due to it unpredictability in price, but our main concern shouldn't be on the instability of Bitcoin because that is it's nature rather we should concentrate on how we can accumulate enough Bitcoin and hodl for a longer period of time, with the help of the DCA strategy one can accumulate more Bitcoin in different price level either weekly or monthly and hodl for long it can be from the range of 4-10 years and above with your discretionary income readily available so you won't sell out your Bitcoin hodling along the line or on a short period of time.

Exactly, holding Bitcoin for long-term investment is the best, rather than trading with it though I'm not against trading and stuff but is only advisable for those that have good knowledge and skills when it comes to trading , but when it comes to investing such skills ain't needed all one need is just some basic knowledge and some nice discretionary income , and he or she is ready to go (that's the beauty of investing in bitcoin). But when comes to holding one should learn how to plan ahead as he or she are holding, because without proper planning one can endup messing with his investment. Like selling it too early , or using it as an emergency funds (which is wrong) because long-term holding is all about patient, and the number of stashes one had accumulated, that's why we don't only have to hold and wait we have to accumulate till we hit the point of having enough Bitcoin Stash in our portfolio.
Yes as long as Bitcoin investment is concern we don't only need to hold and wait but we should just keep on accumulating more and more Bitcoin until we are satisfied with the quantity of Bitcoin we have accumulated not in less than 3 years below but 4,5 years and above, we can buy more Bitcoin using both DCA method and the lump sum strategy which will help us accumulate more Bitcoin in a long run.
Hahaha...Your advice is so funny to me and it is highly unprofessional, to say the least. Are you telling me that we should buy Bitcoin at both favourable and unfotable prices? That's the way I see it with your advice. If I may ask you, do you know the reason why Bitcoin has not pushed its current ATH of about $73,850 through ever since despite the high adoption and awareness about it? The reason is simple, the high net worth individuals and companies that will commit their money to it at a very high level are rare.

This is because it is risky at this time and it is against their principle of investment, which is very reasonable. You see, investment has its own guidelines and principles for effective productivity so we should not due to Bitcoin ignore it. If we did, then it may become an issue over time. Fine, Bitcoin might have reached a very high price in the next 10 years, but how sure are you? This is why we need to be cautious no matter how we are trusting about it. For this, continuous buying of Bitcoin at any price as you said is so faulty, however, what I know in investment is DCA, and if done rightly, we will not regret it. But this should not be done without extra viable plans.
I have tried reading down your write up it still got me confused maybe you wanted to quote some one else which I don't know. But talking about buying Bitcoin at favourable and unfotable price which I believe you wanted to say unfavorable that it is not professional if I get you right I believe that is what you mean, but I want to tell you that with your DCA strategy you can buy Bitcoin at different price level without checking if the price is favorable or not which shouldn't be your concern, as long as your discretionary income is intact you can accumulate more Bitcoin at different price level either weekly or monthly with your DCA strategy and hodl for a longer period of time 4-10 years as the case may be.

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June 19, 2024, 07:23:58 PM
 #9271

what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market.

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.

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June 19, 2024, 07:54:16 PM
 #9272

what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market.

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.

Yes all what your saying is correct about human nature , I don't argue about natural feeling when ever investment is going down because expectations of every investor is that their  investment should be going higher but this can only affects those that never know the market and how Bitcoin investment work from the beginning or those I called spy investor in my way of defining the category of investor their Target is always to quickly take profit as in form of trading, but those who have future focus on the investment don't look at the swing of the market or investment but focus  most on long term results and this kind of investor don't panic in any condition the Bitcoin is going through because they know it's just a temporary thing but those I called spy investor always panic because their investment is short term without a base of future focus. There is no doubt that those that complain most when little shift occur in Bitcoin is moreless short or trader in the system a real Bitcoin investor with long holding and accumulating hardly complain much or even have a rethink because he knows that such swing will always happens as normal thing and it has nothing to change in the investment as much as long term is concerned.

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June 19, 2024, 08:58:42 PM
 #9273


This depends on individuals otherwise whatever amount we had accumulated might not serve us in our life-time therefore we can be touched to accumulate more, although we might stop at some point because comparing to the previous year when buying bitcoin at cheaper rate and with the current rate that investor might feels pleased to keep accumulating anymore.


In fact depending on your path to Bitcoin investment, the more Bitcoins you accumulate the better your future will serve. But the most important thing in Bitcoin investment is depositing Bitcoin repeatedly in DCA method.  Whenever you deposit bitcoins with DCA method you will start getting success instantly. This is the maximum effort if you can buy the dip in Bitcoin buying, of course you are most likely to buy the dip by means of the DCA method.


I think you are correct because the price differences could discourage him to stop accumulation instead focused on his holding and and job, sometimes he might decides to run a physical business where he wouldn't touched his investment rather focused on running business.

But it is most important to plan your investment for the future. But most of all you need planning to save the investment. Because if planned properly the investment will continue to progress into the future, but I like the DCA method the most when buying bitcoins on a weekly basis. Because whenever you can buy bitcoins weekly you can instantly buy bitcoins in the deep market frequently.

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Today at 01:38:06 AM
 #9274

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.
Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.

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Today at 04:35:52 AM
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 #9275

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.
Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.
This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.
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Today at 05:17:58 AM
 #9276

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.
Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.
This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.

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Today at 07:31:05 AM
 #9277

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.
Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.
This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.


For people thinking to start with their hodl journey then anytime is best to accumulate, but for people doubting then say that they wait for the dump then the time they are waiting for has arrive. If they still doubt to accumulate because they got afraid in ongoing situation then I guess nothing will happen to them and for sure that in future they regret their decision again for skipping the perfect chance to accumulate when the time they are waiting for occur.

Crypto winter is not yet confirm as we see bitcoin still surviving and stays at $65k and people should not afraid on that situation since we are aiming for long term and not those short term happenings. But if that time would really came then its time for us to accumulate some discounted coins while that situation happen.

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Today at 07:43:44 AM
 #9278

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.


Now is not the right time to invest your money in Bitcoin, because currently the market is in a sideway position and most investors are just waiting. It's better to hold and see how the market develops because currently there is a lot of market uncertainty and at any time the market can drop. But if it's just DCA, that's not a problem, you can accumulate it from now on and hold it for the next few months.

R


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Roseline492
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Today at 07:53:40 AM
 #9279

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.

Actually I don't know your own definition of dip but for me I don't think the Bitcoin price is dipping but instead I believe is only going through some consolidation process which is normal on every market, I know that the price of Bitcoin has been on this way for some time now but still I don't consider it to be dip, however sometimes I feel somehow whenever people have the mindset that buying the dip will give them good profit because it actually sounds like the person interest is on trading, though I'm not disputing the fact that there could be some certain advantages buying the dip but it shouldn't be obvious that the main reason for it is because of profit because  what you must know is that with or without buying any dip you will still be profitable in the future if you are consistent on investing on Bitcoin and not relying on dip for profits.

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Today at 11:17:11 AM
 #9280

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.


Now is not the right time to invest your money in Bitcoin, because currently the market is in a sideway position and most investors are just waiting. It's better to hold and see how the market develops because currently there is a lot of market uncertainty and at any time the market can drop. But if it's just DCA, that's not a problem, you can accumulate it from now on and hold it for the next few months.

I don't understand were you are pointing at; I grab the point of the market in sideways and not good for investing now because of uncertainties.... I disagree the market has always been an uncertain market of which we all invest, accumulate in a probability game.
You talking about DCAing to accumulate and the market not good for investing now, Is there any difference between both? Because I know accumulating, DCAing is investing approach done by Retailers, small investor like me and you aside Big firms...Is not same money that is used?

As I would always say "waiting solves nothing or shades neither avert any uncertainty in the market". What will be will be, there is no right time for investing in Bitcoin, and investor simply needs to take a calculated risk and beware that anything can happen because it might Dip more or Pump same time of which no-one knows in essence all ends in probability and not waiting because of sideways movement, whatever.
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