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Author Topic: Buy the DIP, and HODL!  (Read 121207 times)
Call_Me_Guru
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May 17, 2023, 04:15:43 PM
 #2061

The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
There are many people who are waiting for a good time to invest in Bitcoin long-term. they will buy Bitcoin with a good time and hold that Bitcoin for a long time because this time can be a good time because the price of Bitcoin is relatively low during this time. So instead of waiting any longer you should make a plan to buy bitcoins and hold them for a long time. 

But before buying and holding bitcoins one must acquire a good understanding of these things. People who lack market knowledge must acquire a good understanding of the market and be patient. Gain experience before buying bitcoins. These qualities are built into oneself. It is very important to do.
The investment opportunity bitcoin has brought to us is high, it's the the good tactics on how to do the investment at the right time we should be looking for. Experience is a must, it may not take time for the best experience getting, it may take a few days or a week to know everything to do but the learning should come first. This is how the idea of HODL after buying the DIP can be achieved.

Sometimes it is easier said than done, Bitcoin has the best buying times that anyone will not regret it. This are the times it has been falling for months and suddenly a good amount is used to buy it. I am sure that in the next 3 months of buying such setup at least 1/8 of the investment could be made easily. But it must have falling so well that everything saw on the chart for many months is oversold and a has high likelihood of buying for another months when reversing.
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May 17, 2023, 04:19:31 PM
 #2062

The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
There are still people who invest in bitcoin for the long term just for the sake of their children's education in the future someday, they start now from a low price by means of DCA or whatever it is that can buy to accumulate their portfolio because education is very important and requires a lot of money not least so for those who pin their hopes on bitcoin for its future it would be far better than storing in inflation-drained fiat.

There are also those who are still unable to invest because they are hindered by the cost of their education now so every time they get a salary, it is only enough for the needs and costs of their children's education.
The most important aspect that must be prioritized, if you want to invest in bitcoin long term then at least there must be a reserve fund in a few months, then they can start investing slowly by DCA.

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May 17, 2023, 05:26:44 PM
 #2063

Sometimes it is easier said than done, Bitcoin has the best buying times that anyone will not regret it. This are the times it has been falling for months and suddenly a good amount is used to buy it. I am sure that in the next 3 months of buying such setup at least 1/8 of the investment could be made easily. But it must have falling so well that everything saw on the chart for many months is oversold and a has high likelihood of buying for another months when reversing.
Yes, sometimes it seems easy to say but without knowledge and experience then I think you will never have an idea to say something properly. Investment plans must also be adjusted to our current financial conditions because the inflation we are experiencing is very depressing. Financial management is expected to remain good as long as several sources can be maintained, but because many costs have increased, investment interest must also be adjusted.

Something that is forced tends to be bad, meaning that this investment must go through several consideration processes. Investment risks are obvious, but the risks to be faced mentally and peace of mind must also be considered.

 
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Ojima-ojo
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May 17, 2023, 06:36:55 PM
 #2064


There are still people who invest in bitcoin for the long term just for the sake of their children's education in the future someday, they start now from a low price by means of DCA or whatever it is that can buy to accumulate their portfolio because education is very important and requires a lot of money not least so for those who pin their hopes on bitcoin for its future it would be far better than storing in inflation-drained fiat.
Bitcoin investment is the best form of investment for future sake inbthe sense that, one can choose bitcoin as the best alternative to bank share or other kids educational and future funding and also bitcoin is the best asset transfer evere that avoid the many taxes that come with holding other assets such as fixed depositis or real estate  all that are subject to inflations and interest rate crisis, but bitcoin is the best alternative and once you thought your kids what it means to align with various financial practices and education along side their ability to protect themselve securly using bitcoin,
1: wallet
2: privacy
3: decentralized finance
Quote
There are also those who are still unable to invest because they are hindered by the cost of their education now so every time they get a salary, it is only enough for the needs and costs of their children's education.
The most important aspect that must be prioritized, if you want to invest in bitcoin long term then at least there must be a reserve fund in a few months, then they can start investing slowly by DCA.
I agree with you, the level of financial education of an individual increases his ability to make decisions that best suit his or her investment plan at that time and how to constantly take profits and what the right investment is for both long-term and short-term basis, e.g if you invest in Bitcoin its not good enough to just hold for long term, but also learn how to DCA as the price rise in-between, learning how to take dollar cost averaging in bitcoin is the most lucrative thing to do with bitcoin investment that way you arrive at a financially stable position earlier than expected.

 
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May 18, 2023, 06:22:20 AM
 #2065

Sometimes it is easier said than done, Bitcoin has the best buying times that anyone will not regret it. This are the times it has been falling for months and suddenly a good amount is used to buy it. I am sure that in the next 3 months of buying such setup at least 1/8 of the investment could be made easily. But it must have falling so well that everything saw on the chart for many months is oversold and a has high likelihood of buying for another months when reversing.
Yes, sometimes it seems easy to say but without knowledge and experience then I think you will never have an idea to say something properly. Investment plans must also be adjusted to our current financial conditions because the inflation we are experiencing is very depressing. Financial management is expected to remain good as long as several sources can be maintained, but because many costs have increased, investment interest must also be adjusted.

Something that is forced tends to be bad, meaning that this investment must go through several consideration processes. Investment risks are obvious, but the risks to be faced mentally and peace of mind must also be considered.

Absolutely, because I have understood something very important about bitcoin towards investors precisely newbies are something else about their profits, whenever they invested they expected to make sudden profits without wanting to know the propeller or the movers. When a newbie understand the purpose of their investment sudden profit won't come into their minds rather will think of holding for long, that's why the whales keeps getting larger because when there seems to be little wave in the water they don't get panicked rather sinking down to monitor the water, this are also applicable with investors to their investment.

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May 18, 2023, 10:49:00 AM
 #2066

The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
There are still people who invest in bitcoin for the long term just for the sake of their children's education in the future someday, they start now from a low price by means of DCA or whatever it is that can buy to accumulate their portfolio because education is very important and requires a lot of money not least so for those who pin their hopes on bitcoin for its future it would be far better than storing in inflation-drained fiat.

There are also those who are still unable to invest because they are hindered by the cost of their education now so every time they get a salary, it is only enough for the needs and costs of their children's education.
The most important aspect that must be prioritized, if you want to invest in bitcoin long term then at least there must be a reserve fund in a few months, then they can start investing slowly by DCA.
In my local area I have seen several people who have now chosen bitcoin for their children rather than depositing money in the bank. They are now able to understand that keeping money in the bank may lose its value in the long run due to inflation. Moreover, many of them are showing the tendency to collect a good amount of money by investing in this platform keeping in mind the potential of Bitcoin. Those who are buying Bitcoin with such attitude will benefit more. Because they usually plan long term. They are now buying bitcoins through DCA just as they used to deposit money in the bank every month. But this trend I have seen in most young fathers. Those who are middle-aged are comparatively lagging behind. But gradually I think they will also be encouraged to invest in bitcoin. Because the Bitcoin wave is still sweeping all over the world.

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May 18, 2023, 07:39:58 PM
Merited by fillippone (1)
 #2067

I believe we should be like James. Not investing in Real Estate, just keeps reading about Bitcoin, and who's remembered for just reading about Bitcoin. In 5 to 6 years after a market surge bringing Bitcoin to six digits, they will remember.

]

Buy the DIP, and HODL.

 Cool
Real Estate is the new shithole that will sink your investment and tie you down for a long time, Bitcoin doesn't need maintenance and changes of some parts one gou hold Bitcoin in your wallet, its value remains the same for internity only to DCA value keeps changing constantly due to market volatilities, I am not sure if most of those you look at bitcoin investment both in money and time to acquire the basic fundamental knowledge will be discovered in the nearest future that there have wasted their time all the while.


The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
Real estates investment is like putting your money into inflation entrapment. From time to time this investment needs to be maintained,if not you it can keep on depreciating in value if money is not pump on it. To maintain real estate cost so much,real estate are visible assets and can be seized by government if you are a suspect to them on an illegal activities even if the truth has not been known. Bitcoin is a digital asset and is decentralized in nature,if you are in total custody of your bitcoin investment and use a decentralized platform and a mixer,you will hardly be known as a wealthy person neither can your bitcoin be frozen by the government. Profits in bitcoin in a long term run is as far big than real estate.

In real estate, if you property is not rented or lease no profit comes in,but in bitcoin just relax and follow the market analysis and it is sure that you must make good profit when you sell in a bull run.

R


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May 18, 2023, 08:16:36 PM
Merited by JayJuanGee (1)
 #2068

I believe we should be like James. Not investing in Real Estate, just keeps reading about Bitcoin, and who's remembered for just reading about Bitcoin. In 5 to 6 years after a market surge bringing Bitcoin to six digits, they will remember.

]

Buy the DIP, and HODL.

 Cool
Real Estate is the new shithole that will sink your investment and tie you down for a long time, Bitcoin doesn't need maintenance and changes of some parts one gou hold Bitcoin in your wallet, its value remains the same for internity only to DCA value keeps changing constantly due to market volatilities, I am not sure if most of those you look at bitcoin investment both in money and time to acquire the basic fundamental knowledge will be discovered in the nearest future that there have wasted their time all the while.


The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
Real estates investment is like putting your money into inflation entrapment. From time to time this investment needs to be maintained,if not you it can keep on depreciating in value if money is not pump on it. To maintain real estate cost so much,real estate are visible assets and can be seized by government if you are a suspect to them on an illegal activities even if the truth has not been known. Bitcoin is a digital asset and is decentralized in nature,if you are in total custody of your bitcoin investment and use a decentralized platform and a mixer,you will hardly be known as a wealthy person neither can your bitcoin be frozen by the government. Profits in bitcoin in a long term run is as far big than real estate.

In real estate, if you property is not rented or lease no profit comes in,but in bitcoin just relax and follow the market analysis and it is sure that you must make good profit when you sell in a bull run.

Not to make out some defend about real estate which there's really indeed those chance or circumstances on which a property isnt really generating an income but i do disagree about inflation because there are properties that despite on having not maintained when it comes to this but its still appreciating on price specially on some lots which are really that placed into a good spot and even into some apartment or whatsover
properties you do have. Despite on having that kind of negative approach into it, it would be better if you do just simply consider on making yourself dealing with both things if you do have
the money.

Cant really deny too when it comes to profits then crypto market would really be giving out that stuff,considering about the volatility then there's no doubt about those things would really be giving out
chances or situation which you would really be earning more but in speaking of risks then it does have higher risks level which is something that you would be needing to consider out first.
Buy the dip and hold might sound really that simple but on the time that you would be doing such thing or step then this is where you would be finding  yourself that it wasnt easy at all.
Emotion and mindset would really be that in mix on what are the decisions you would be making.

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May 18, 2023, 08:40:01 PM
 #2069

On all the comments on RE, I think we can all agree Btc value appreciation has beaten all traditional investment vehicles. Be like James! Where I would disagree with is that RE is not a bad investment, just like Btc there are some very profitable strategies to employ to gain value and be tax advantaged. There are also list of trap/scams to take you to the cleaners. It’s similar in that it’s a long term investment and it enables exposure to other currency markets. Country dependant for sure but most countries treat a foreign property as the same as an in country purchased property with the same or very similar tax write offs. It wouldn’t surprise me if RE owners are dca’ing some or all of their monthly net rental income into BTC
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May 18, 2023, 09:01:51 PM
 #2070

I believe we should be like James. Not investing in Real Estate, just keeps reading about Bitcoin, and who's remembered for just reading about Bitcoin. In 5 to 6 years after a market surge bringing Bitcoin to six digits, they will remember.
]
Buy the DIP, and HODL.
 Cool
Real Estate is the new shithole that will sink your investment and tie you down for a long time, Bitcoin doesn't need maintenance and changes of some parts one gou hold Bitcoin in your wallet, its value remains the same for internity only to DCA value keeps changing constantly due to market volatilities, I am not sure if most of those you look at bitcoin investment both in money and time to acquire the basic fundamental knowledge will be discovered in the nearest future that there have wasted their time all the while.

The earlier the better for anyone who hasn't made up their mind to buy Bitcoin and hold it for the long term base, but also financial education is very important even more important than having the money to buy Bitcoin, so before you place the buy order, consider it to be of an essential aspect to always acquiring.
Real estates investment is like putting your money into inflation entrapment. From time to time this investment needs to be maintained,if not you it can keep on depreciating in value if money is not pump on it. To maintain real estate cost so much,real estate are visible assets and can be seized by government if you are a suspect to them on an illegal activities even if the truth has not been known. Bitcoin is a digital asset and is decentralized in nature,if you are in total custody of your bitcoin investment and use a decentralized platform and a mixer,you will hardly be known as a wealthy person neither can your bitcoin be frozen by the government. Profits in bitcoin in a long term run is as far big than real estate.

In real estate, if you property is not rented or lease no profit comes in,but in bitcoin just relax and follow the market analysis and it is sure that you must make good profit when you sell in a bull run.

You make good points in regards to real estate having both expenses to maintain it, but it is also something that might get unjustly taken from you (so there may well be additional risks in regards to its physicality). 

In regards to your seeming to get excited to "sell your lil fiends in a bull run," we are not talking about selling in this here thread.. so in that regard, you must be lost.. since.. .in this thread, we are talking about stacking and holding dee cornz.

Do you happen to understand the difference?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 18, 2023, 09:23:27 PM
Merited by JayJuanGee (1)
 #2071

Buy the dip and hold might sound really that simple but on the time that you would be doing such thing or step then this is where you would be finding  yourself that it wasnt easy at all.
Emotion and mindset would really be that in mix on what are the decisions you would be making.
That's what we learn from those who are already millionaires, that they are able to endure in the long term and not be affected by any kind of fud, anxiety or worry more.

I believe if we can go through that period of bad things we will be successful in the investment that we are doing in Btc. The steps are quite simple and everyone can do it but it is the level of patience that is difficult for most people to have. From that experience we can learn where the holders will be the winners.

Apart from this, we all do it with our own strategies and patterns in buying and holding for a long time. All of us will be successful in the years to come.

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May 18, 2023, 09:32:59 PM
Merited by CageMabok (1)
 #2072

Buy the dip and hold might sound really that simple but on the time that you would be doing such thing or step then this is where you would be finding  yourself that it wasnt easy at all.
Emotion and mindset would really be that in mix on what are the decisions you would be making.
That's what we learn from those who are already millionaires, that they are able to endure in the long term and not be affected by any kind of fud, anxiety or worry more.

I believe if we can go through that period of bad things we will be successful in the investment that we are doing in Btc. The steps are quite simple and everyone can do it but it is the level of patience that is difficult for most people to have. From that experience we can learn where the holders will be the winners.

Apart from this, we all do it with our own strategies and patterns in buying and holding for a long time. All of us will be successful in the years to come.

Not all "rich people" have good financial and psychological management practices.

In other words, you don't have to be rich in order to figure out how to manage your position size (of course referring to BTC here) in such a way that you are sufficiently aggressive enough in terms of attempting to consistently, persistently and ongoingly stacking sats, without becoming overly aggressive or wanting to rush your financial matters more than you should be doing.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 19, 2023, 03:15:01 AM
 #2073

Those who have invested in Bitcoin in this current difficult situation are definitely successful. The next step is to become a millionaire, and the only lesson I can learn from millionaires is that long-term investing requires patience.
I want to tell others why they don't want to invest in Bitcoin since (January 2023) Bitcoin has only seen upward movement till date. Bitcoin investment steps are so simple that an investor can do it easily, so be interested in investing quickly. Be patient by investing for long term and surely you will get fatter portfolio later on. There is no doubt that investing will make you successful.

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May 19, 2023, 03:45:51 AM
Merited by JayJuanGee (1)
 #2074

Buy the dip and hold might sound really that simple but on the time that you would be doing such thing or step then this is where you would be finding  yourself that it wasnt easy at all.
Emotion and mindset would really be that in mix on what are the decisions you would be making.
That's what we learn from those who are already millionaires, that they are able to endure in the long term and not be affected by any kind of fud, anxiety or worry more.

I believe if we can go through that period of bad things we will be successful in the investment that we are doing in Btc. The steps are quite simple and everyone can do it but it is the level of patience that is difficult for most people to have. From that experience we can learn where the holders will be the winners.

Apart from this, we all do it with our own strategies and patterns in buying and holding for a long time. All of us will be successful in the years to come.

Not all "rich people" have good financial and psychological management practices.

In other words, you don't have to be rich in order to figure out how to manage your position size (of course referring to BTC here) in such a way that you are sufficiently aggressive enough in terms of attempting to consistently, persistently and ongoingly stacking sats, without becoming overly aggressive or wanting to rush your financial matters more than you should be doing.

Yes, Especially in terms of emotional control in making financial decisions, this usually happens very dominantly, whether he is a rich or economically weak person. I think the key to success here is education, awareness, and a willingness to learn and continually improve financial knowledge and skills, regardless of one's level of wealth.

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May 19, 2023, 04:26:05 AM
Merited by JayJuanGee (1)
 #2075

Yes, Especially in terms of emotional control in making financial decisions, this usually happens very dominantly, whether he is a rich or economically weak person. I think the key to success here is education, awareness, and a willingness to learn and continually improve financial knowledge and skills, regardless of one's level of wealth.

Actually there are three simple things that can be applied by everyone if they want to realize themselves to be more successful in their life. These three things are, the first is the will or desire to be better and the second is always setting aside time to learn, either through education or through skills that we like. And the third is don't immediately believe in the new things you see before you do your own research on what you just saw.

An example here is Bitcoin where you believe and invest in Bitcoin based on your own knowledge and research on Bitcoin. Not based on what other people say, although what other people say can also be taken as an initial reference before conducting further research on our own. And as for controlling emotions, I think everyone can control them well as long as we don't panic about what other people are saying.

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May 19, 2023, 05:00:29 PM
Merited by JayJuanGee (1)
 #2076

Actually there are three simple things that can be applied by everyone if they want to realize themselves to be more successful in their life. These three things are, the first is the will or desire to be better and the second is always setting aside time to learn, either through education or through skills that we like. And the third is don't immediately believe in the new things you see before you do your own research on what you just saw.

Speaking of what people can do to be more successful in life, I think there are quite a lot of things to do apart from what you listed. But not forgetting the topic of this thread, buy the dip and hold, although it concerns everyone, both newbies and those that have not yet purchased any Bitcoin, at least it will give them insight and guidance into what the topic is really relating to, so I think not really deviating from the topic will help.

Decision, desire, determination, the right education or guidance, financial help or backup, choice, and patience can all determine one's success in their Bitcoin investment. The right guidance or education will make an investor take the right decision on their Bitcoin investment. There are people who panic a lot during the bear market; all they think is that their capital will crash and liquidate, but that can only happen to people who are involved in Bitcoin leaverage trading, which means that when they are trading with a high leaverage, if the market goes against their direction, their asset can get liquidated. But for normal Bitcoin investors who are just holding it in their wallet, they don't have to fear asset liquidations. If they make the decision to hold patiently and store their Bitcoin in their self-custodial wallet, they will definitely make a profit during the bull market. Actually, holding Bitcoin for the long term requires a lot of patience and the decision never to sell unless the market becomes so bullish that you are satisfied with the profit you are getting.


Quote
I think everyone can control them well as long as we don't panic about what other people are saying.

Not everyone can really control their emotions about investing and financial management.

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May 19, 2023, 06:01:41 PM
Merited by JayJuanGee (1)
 #2077


Not all "rich people" have good financial and psychological management practices.

In other words, you don't have to be rich in order to figure out how to manage your position size (of course referring to BTC here) in such a way that you are sufficiently aggressive enough in terms of attempting to consistently, persistently and ongoingly stacking sats, without becoming overly aggressive or wanting to rush your financial matters more than you should be doing.
In addition, they also have a financial adviser so they can manage and practice management, we can do it as long as we are disciplined in advance to get started.

Yeah, we don't have to think about how to get rich, because we know that by continuing to accumulate bitcoin, you can become a millionaire, depending on how the person buys bitcoin regularly for a long time, for example, 5 or 10 years, the pile will be more and more and BTC will make us rich because its value continues to skyrocket for decades more.

We have to adjust our abilities, and how regularly we do DCA, the better it will be, but it would be nice for us to do it while learning to be able to manage both financially and the BTC invested.

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May 19, 2023, 06:27:16 PM
 #2078

Those who have invested in Bitcoin in this current difficult situation are definitely successful. The next step is to become a millionaire, and the only lesson I can learn from millionaires is that long-term investing requires patience.

Why are you talking about being a millionaire as "the next step."

That's fucking nonsense, unless you are already almost a millionaire, you should not be fucking around suggesting that the next step is to be a millionaire since probably the next step for a lot of normies, including many forum members is to establish a somewhat realistic plan and to follow through with it..

You come off as a disingenuine dweeb who is promoting gambling.. and/or get rich quick mentality and suggestions by trying to assert unrealistic bullshit in regards to "the next step" is to become a millionaire.

I want to tell others why they don't want to invest in Bitcoin since (January 2023) Bitcoin has only seen upward movement till date. Bitcoin investment steps are so simple that an investor can do it easily, so be interested in investing quickly. Be patient by investing for long term and surely you will get fatter portfolio later on. There is no doubt that investing will make you successful.

This part of your post seems mostly correct.. but you still come off as a kind of bot.

Buy the dip and hold might sound really that simple but on the time that you would be doing such thing or step then this is where you would be finding  yourself that it wasnt easy at all.
Emotion and mindset would really be that in mix on what are the decisions you would be making.
That's what we learn from those who are already millionaires, that they are able to endure in the long term and not be affected by any kind of fud, anxiety or worry more.

I believe if we can go through that period of bad things we will be successful in the investment that we are doing in Btc. The steps are quite simple and everyone can do it but it is the level of patience that is difficult for most people to have. From that experience we can learn where the holders will be the winners.

Apart from this, we all do it with our own strategies and patterns in buying and holding for a long time. All of us will be successful in the years to come.
Not all "rich people" have good financial and psychological management practices.

In other words, you don't have to be rich in order to figure out how to manage your position size (of course referring to BTC here) in such a way that you are sufficiently aggressive enough in terms of attempting to consistently, persistently and ongoingly stacking sats, without becoming overly aggressive or wanting to rush your financial matters more than you should be doing.
Yes, Especially in terms of emotional control in making financial decisions, this usually happens very dominantly, whether he is a rich or economically weak person. I think the key to success here is education, awareness, and a willingness to learn and continually improve financial knowledge and skills, regardless of one's level of wealth.

Ongoing attempts at applying the skills and learning too - rather than merely talking about it.

Not all "rich people" have good financial and psychological management practices.

In other words, you don't have to be rich in order to figure out how to manage your position size (of course referring to BTC here) in such a way that you are sufficiently aggressive enough in terms of attempting to consistently, persistently and ongoingly stacking sats, without becoming overly aggressive or wanting to rush your financial matters more than you should be doing.
In addition, they also have a financial adviser so they can manage and practice management, we can do it as long as we are disciplined in advance to get started.

It is probably true that a lot of wealthy folks have help with their financial management or they have decent chances of following "tried and true" methods that are traditionally accepted by financial consultants (advisors), so even though it is likely that anyone can learn how to manage their own finances, there are some potential scary traps, including some potential for time-sucks that a "professional" person might not have, if they might be busy applying their trade and making money by carrying out their normal job duties.

Yeah, we don't have to think about how to get rich, because we know that by continuing to accumulate bitcoin, you can become a millionaire, depending on how the person buys bitcoin regularly for a long time, for example, 5 or 10 years, the pile will be more and more and BTC will make us rich because its value continues to skyrocket for decades more.

For sure, it is difficult to argue with what you are saying salad daging, even though for sure it can take some people a real long time to build up their investment portfolio - even 20 years or more.. .. even though so far in bitcoin's history, we have seen where it has become possible to potentially short-cut some of the timeline in which it might take to get to "millionaire" or even to some form of entry-level fuck you status.. and we likely have access to information in which people have worked their asses off and have scrimpt, saved and invested their money for 30-40 years and still have troubles in terms of getting into entry-level fuck you status.. because it seems that there are quite a few examples in our debt-laden traditional systems that we see that the system itself seems to be designed in such way that it becomes difficult to stop generating income for people who have not sufficiently gotten into some kind of situation that they have been able to identify some asset classes that might not overly depreciate in value in the times of their lives that they might not be able to continue to generate cashflow through their labors... so for sure, bitcoin seems to be a kind of asset class that is more difficult to have rug pulled in the future.

We have to adjust our abilities, and how regularly we do DCA, the better it will be, but it would be nice for us to do it while learning to be able to manage both financially and the BTC invested.

Some aspects of our investment, we may need to learn as we go, including when it comes time to figure out cashing out strategies to be able to spend along the way, and we might  not be able to plan the specifics into the future, until we are able to verify if various aspects of our plan allows us to withdraw at a rate that is sufficiently comfortable for us.. and surely also whether we might feel as if it might work for us to put some of our bitcoin assets into other assets.. such as if we might be living in one location or if we might have some other kind of a life style in which we might want to (or be able to) live in more than one location  (through a calendar year or however, we might be attempting to measure where and how we might want to spend our time).

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 19, 2023, 08:28:10 PM
Merited by JayJuanGee (1)
 #2079

An example here is Bitcoin where you believe and invest in Bitcoin based on your own knowledge and research on Bitcoin. Not based on what other people say, although what other people say can also be taken as an initial reference before conducting further research on our own. And as for controlling emotions, I think everyone can control them well as long as we don't panic about what other people are saying.
Learning to accept consequences is an effort to keep understanding important lessons from every aspect that we live. It is important to remember that everyone must have the ability to control worry and ask each of us where is the investment model that does not involve risk?

The simplicity of bitcoin is contained in a store of value and bitcoin has the power to defend itself under any circumstances, Covid-19 is a reference that the collapse of economic resources in various sectors does not affect bitcoin to reach its highest peak. The next question is what to worry about for bitcoin? although people talk nonsense about investment risk and I agree with your argument, that analysis and knowledge is a source of strength for people who worry too much.

Buy and Hold Bitcoin I will be a winner!!!

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May 19, 2023, 09:27:05 PM
 #2080

Actually there are three simple things that can be applied by everyone if they want to realize themselves to be more successful in their life. These three things are, the first is the will or desire to be better and the second is always setting aside time to learn, either through education or through skills that we like. And the third is don't immediately believe in the new things you see before you do your own research on what you just saw.

An example here is Bitcoin where you believe and invest in Bitcoin based on your own knowledge and research on Bitcoin. Not based on what other people say, although what other people say can also be taken as an initial reference before conducting further research on our own. And as for controlling emotions, I think everyone can control them well as long as we don't panic about what other people are saying.
I think depend one people mindset about their assets investing in which kinds will give much profitable at the future, some people still doubt with Bitcoin as worth investing assets because they are not really popular and understand well how Bitcoin price progress years by years . Many of them panic about bad news only and never learned with Bitcoin recovery to higher price after facing with bad news and success reached to higher price.

Talking about panic moment seems happened with new comer in trading actually on cryptocurrencies, they trade not based on their own research but another recommended and looks hype only, when the other investing on shit coins they will try at shit coin without research yet and the same when investing in bitcoin at the wrong moment when Bitcoin have reached too higher price.

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