Buy the DIP, and HODL!

[lizarder]

Let's say you have 100k in USDT that you want to invest, so don't invest all your money in bitcoin because you need a reserve budget. 20% of that is a pretty good amount as a reserve budget, even if you don't have enough later you don't need to sell all your bitcoin to cover your expenses. About whether you must have it or not, it depends on yourself and your financial condition. If you have more assets as property that can be sold instead of selling bitcoin, then you may have other options to avoid selling at loss.

The priority scale is basically very necessary for beginners because they cannot diversify the BTC they have because the amount is still small. If they do not have cash reserves will have an unstable level of investment stability, while selling bitcoin in a decline caused by the urgent need for cash in day-to-day fulfillment will make their investment amount slow and become unstable. Choices like this will sometimes interfere with investing for them because when building a holding they are faced with other needs that force them to sell bitcoins. It is much more appropriate if they also keep cash in savings and do not need to sell other assets as an option to avoid losses.

There are not really any problems to diversify out of some of your BTC in planned kinds of ways; however, at the same time, there are likely going to be needs to assess the extent to which BTC needs to be used for the various kinds of investments that you perceive to be important to your life or to persons within your circle.  There surely could be cases in which selling some BTC on the way up would be justified and also justified in such a way to diversify some of your investments out of BTC - especially also when your BTC holdings might have appreciated to very high percentages in terms of your overall investments that you hold.. and for those kinds of reasons, you perceive it to be better to draw from you BTC rather than drawing from other assets or income sources or credit that you might have available to you.

Yes, I agree with you and as long as we diversify our BTC in the right way it is not a problem, for example on a trip we need money as a life support, so selling some of it will not make us lose money because it could be that the buying patterns we take are not all the same, so even though when the price is down we can still adjust the overall investment we have. But it would be nice if we had money in savings as a solution when we need money as a life support so that Hold's priority is not disturbed by the diversification of needs.

Especially for beginners who are just trying to add to their bitcoin holdings and when they need money they don't need to sell the bitcoin they have. This kind of discussion is important to provide a basic overview of the decisions that must be taken when faced with the same problem and especially for beginners who are just involved in investing.

[Rivaldine]

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

[imamusma]

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

Until when do you have the mindset that holding bitcoins is greed?
I don't think holding is greed because they have their own targets for a certain period of time before taking profits. Being a holder is a good option to expect a commensurate return, so it is not true that holding is greed even if they expect higher returns. If you understand that investing takes time to pay off, then you shouldn't say that holding is greed.

[ginsan]

With all forms of support I think I have received a lot of positive things from several users Especially For JJG. Well I will try new things in the investment that I will do in bitcoin this year and in the years to come. From this principle, of course, I will continue to explore things that can strengthen me to continue to hold Bitcoin.

One interesting article that I found was how to deal with many big obstacles in investing and that was wise enough for me to apply in the DCA investment pattern. Indeed during this downturn I made several purchases even though it depended on my finances because I didn't want to buy instantly for the current situation and it was against the DCA strategy.

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

Sorry. You have to take initiative on your own to hold it longer and all the users here have given a lot of strong encouragement to our desire to make a DCA purchase. Well buying when the price drops is better and just do what you think is the best decision, but in that effort you have to be able to hold it in the long term if you want to see the magic coming your way.

Even you mention CRYPTO or PROJECT. Even we don't recognize them we just want to buy BTC and don't care about the drop.

Until when do you have the mindset that holding bitcoins is greed?
I don't think holding is greed because they have their own targets for a certain period of time before taking profits. Being a holder is a good option to expect a commensurate return, so it is not true that holding is greed even if they expect higher returns. If you understand that investing takes time to pay off, then you shouldn't say that holding is greed.

Everyone's mindset is different but in this case I want to align that holding BTC is a wise choice and it is a very valuable asset in the future. Learning to change mindsets will not work if he does not have a great desire in this regard.

[Lanatsa]

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

Until when do you have the mindset that holding bitcoins is greed?
I don't think holding is greed because they have their own targets for a certain period of time before taking profits. Being a holder is a good option to expect a commensurate return, so it is not true that holding is greed even if they expect higher returns. If you understand that investing takes time to pay off, then you shouldn't say that holding is greed.

Greed is only good on the time that we are seeing blood in the streets or literally on this market on which on the time that the price is really at the floor then we should really be that greedy on taking up a position from there on which it would really be just that right that we should be greedy but of course not on the sense that you would really be going all in with your finances.

We know that this market does have its cycle and those common behaviors in regarding or speaking about increasing and decreasing prices.It is really just that there are people or investors who are
really that emotionally impulsive when it comes to things and decisions in life on where they would really be hesitating on the time that the market would be having its huge decrease.
I cant really blame them on considering that this market is really that truly unpredictable and its normal that emotions would really be played out.
If you arent that good about decision making then you would be finding yourself that this market is truly a challenge.

[JayJuanGee]

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

We are not talking about "the whole crypto space" in this thread.

We are talking about bitcoin, and even though you might not be focused on the actual topic of the thread, you are correct that buying the dip really ONLY makes sense if the project has pumpamentals - meaning that it is going to go up from the time that it is bought... but surely the idea goes further than merely pumpamentals - and you seem to recognize the idea of fundamental values and long term investing, so we might not be so much concerned about short-term price movements and short-term pumpamentals, even though surely guys are going to want to have had boughten on the dip - even if the BTC price might keep dipping they might run out of money or have to resort to holding because they have run out of money (or maybe just buying when their paychecks come in and not really over doing how much they are buying) so that they might still be able to have some money even if the BTC price keeps dipping in order that they might be able to buy some more BTC at lower prices.

[roksana.hee]

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space,

even though surely guys are going to want to have had boughten on the dip - even if the BTC price might keep dipping they might run out of money or have to resort to holding because they have run out of money (or maybe just buying when their paychecks come in and not really over doing how much they are buying) so that they might still be able to have some money even if the BTC price keeps dipping in order that they might be able to buy some more BTC at lower prices.

Some may want to buy on the dip, even if the BTC price continues to decline, they might run out of money or need to hold off until they have more funds. This strategy allows them to have some funds available even if BTC prices keep dipping, enabling them to purchase more BTC at lower prices.

[Merit.s]

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

Until when do you have the mindset that holding bitcoins is greed?
I don't think holding is greed because they have their own targets for a certain period of time before taking profits. Being a holder is a good option to expect a commensurate return, so it is not true that holding is greed even if they expect higher returns. If you understand that investing takes time to pay off, then you shouldn't say that holding is greed.

I don't think that holding bitcoin for long is greed. No, instead for you to be able to hold your bitcoin for long needs patience and self discipline with a lot of sacrifice which a newbie might see very hard to accomplish. What is greed is trading or selling your bitcoin because you feel that is the best way to add more bitcoin to your portfolio which is a very wrong idea,because you will always end up selling at the wrong time thinking that it is the right time to sell off some bitcoin. Most newbies always feel that after buying and the price pumps a little that is the right time to sell and the end up using 100% of their funds to invest in bitcoin. And when the price didn't move up as they planned,instead the price goes dip,they and sell off because they lack the knowledge on how to have a good profit on bitcoin by holding for a long time. Well we all have our reasons on why we are buying bitcoin.

[Obari]

snip
There are no guarantees that the BTC price will go higher, even though bitcoin remains a great asymmetric bet to the upside, perhaps amongst the best of asymmetric bets for a lot of normies who might not otherwise be able to invest because barriers to entry are difficult.
snip

Yes, I totally agree with you, man, there is no guarantee institution that bitcoin will give the highest price again and there is no guarantee that indeed you will be rich if you continue to invest in bitcoin into the future and that is only based on speculation from the results we analyze so that it creates a belief that bitcoin will give the next highest price, I myself went through it and studied it long enough so that subconsciously I have faith in the price of bitcoin that will continue to increase towards the future from what bitcoin has ever touched in the previous cycle, and the only guarantor in my opinion is your beliefs about bitcoins that you made yourself for yourself.
In a general view it is like an asymmetrical bet, as well as the possibilities of shamanic sentences to its customers and the mindset if you shelter you will become rich if you have a lot of property for rent but still be destroyed if a natural disaster destroys your property, that is I think it depends on the beliefs and views of each.

Well each person is going to have a different basket of options that are available to him her based on his her situation.

If a person has a total current investment portfolio of $12k, and an income of $24k per year, s/he might estimate that if s/he is able to invest 10% per year, then it will take him/her an additional 5 years in order to double his/her investment portfolio from $12k to $24k.. and therefore have a years worth of value in his/her investment portfolio.. .so then the question might be how to allocate that investment portfolio, because some folks believe that you need to get your investment portfolio up into the 20x to 30x arena (of your annual income) in order to get to fuck you status or some kind of an ability to stop working.

So then if it takes 10 years, just to build your investment portfolio to 1 year of income, then there are some needs to figure out how to allocate in order to build faster, or maybe to increase your income or to increase the percentage that you are able to invest.

Bitcoin may well have more flexibility to invest, and of course, each person wants to be careful that s/he is continuing to build the total amount of his/her investment portfolio (and taking advantage of compounding) rather than losing principle along the way, and then not really being able to reach something like a 20x to 30x goal.... and sure maybe any of us can profit from not getting to those 20x to 30x levels, and it is possible to still prosper with less.. but if a goal is to be able to stop working and to still be comfortable, then it may well be good to consider how much it takes to get to those kinds of goals and how to allocate in order to attempt to balance the risk and the reward, which also likely means that there are allocations to various assets (and I am not referring to investing in shitcoins.. but sometimes property, stocks, businesses, commodities, forms of cash).

I would  have edited some of the post over here but I found all very interesting  to me so you guys have to pardon me quoting the entire discussion.
But basically  I don't see any reasons why we want to get ourselves  worked up with wanting to achieve the fuck  you level when we can peacefully enjoy most of the benefits while riding with bitcoin.
I've always worked with the simplest  principle of bitcoin  which is buying low and selling high and I had to work on my greed to accept every little profit as a win rather than wanting to achieve 5k from 1k investment and just ending up losing everything.

Long story short,  if we want to achieve what so ever height in bitcoin,  then we should atleast get some if not enough money so as to buy the dip when it arises because that's the best way to enjoy bitcoin and hope it rises to a contentment point for us to count and withdraw our profits.

[bitLeap]

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

Until when do you have the mindset that holding bitcoins is greed?
I don't think holding is greed because they have their own targets for a certain period of time before taking profits. Being a holder is a good option to expect a commensurate return, so it is not true that holding is greed even if they expect higher returns. If you understand that investing takes time to pay off, then you shouldn't say that holding is greed.

I don't think that holding bitcoin for long is greed. No, instead for you to be able to hold your bitcoin for long needs patience and self discipline with a lot of sacrifice which a newbie might see very hard to accomplish. What is greed is trading or selling your bitcoin because you feel that is the best way to add more bitcoin to your portfolio which is a very wrong idea,because you will always end up selling at the wrong time thinking that it is the right time to sell off some bitcoin. Most newbies always feel that after buying and the price pumps a little that is the right time to sell and the end up using 100% of their funds to invest in bitcoin. And when the price didn't move up as they planned,instead the price goes dip,they and sell off because they lack the knowledge on how to have a good profit on bitcoin by holding for a long time. Well we all have our reasons on why we are buying bitcoin.

I really believe that people who hold bitcoin for a very long time based on their knowledge and trust in bitcoin, so they are able to hold it even for an indefinite time.

Greed is synonymous with loss, and personally I can say holding bitcoin in the long term will result in profits not losses. And also usually greedy people do things with uncontrollable emotions, while the people who talk a lot about holding bitcoin are people who have knowledge and they do it by doing research or analysis, after all, what I've seen so far they are people who understand good management and discipline, so saying someone who holds bitcoin is someone who is greedy is something of an inappropriate judgment or even not right at all. Except they have no knowledge at all and have no idea of the risks and they do it on the basis of following others, while they have absolutely no idea what they are actually doing.

[Odusko]

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

We are not talking about "the whole crypto space" in this thread.

We are talking about bitcoin, and even though you might not be focused on the actual topic of the thread, you are correct that buying the dip really ONLY makes sense if the project has pumpamentals - meaning that it is going to go up from the time that it is bought... but surely the idea goes further than merely pumpamentals - and you seem to recognize the idea of fundamental values and long term investing, so we might not be so much concerned about short-term price movements and short-term pumpamentals, even though surely guys are going to want to have had boughten on the dip - even if the BTC price might keep dipping they might run out of money or have to resort to holding because they have run out of money (or maybe just buying when their paychecks come in and not really overdoing how much they are buying) so that they might still be able to have some money even if the BTC price keeps dipping so that they might be able to buy some more BTC at lower prices.

Bitcoin has no limit to what extent its price could go at a particular trend whether it be an uptrend or dip the fact is that anyone stashing up Bitcoin should already have a predetermined conviction to hold for the long term base, so with that long-term principle it will become easy for the investors to either buy more when the price vs his last buy price go dipper or he resort into taking a break and continue holding.
Since bitcoin is not like shitcoin whose holder must be careful about holding on to a long-term basis, since there may be a possible dump of price, but with bitcoin all the investor needs to do is to have a proper DCA buying mechanism that will checkmate the buying process not to overdo or overbought as you have stated.

[ginsan]

I really believe that people who hold bitcoin for a very long time based on their knowledge and trust in bitcoin, so they are able to hold it even for an indefinite time.

Greed is synonymous with loss, and personally I can say holding bitcoin in the long term will result in profits not losses. And also usually greedy people do things with uncontrollable emotions, while the people who talk a lot about holding bitcoin are people who have knowledge and they do it by doing research or analysis, after all, what I've seen so far they are people who understand good management and discipline, so saying someone who holds bitcoin is someone who is greedy is something of an inappropriate judgment or even not right at all. Except they have no knowledge at all and have no idea of the risks and they do it on the basis of following others, while they have absolutely no idea what they are actually doing.

Yes you are right, a better level of knowledge about Bitcoin will strengthen their confidence to hold Bitcoin in the long term.  So, for example, mister SAYLOR, he is quite familiar with the progress of the current era and he believes that bitcoin is the most valuable asset in the years to come. Therefore I think there is no such thing as giving up in accumulating more BTC in our portfolio for the long term.

The option to buy when there is a decline is a moment that we don't waste because it becomes a very good opportunity to buy and buy, in fact we always say that if you are not an analyst who masters every chart wisely then the DCA strategy is one of the best options as  I do currently buy in every week.

[JayJuanGee]

[edited out]

I would  have edited some of the post over here but I found all very interesting  to me so you guys have to pardon me quoting the entire discussion.
But basically  I don't see any reasons why we want to get ourselves  worked up with wanting to achieve the fuck  you level when we can peacefully enjoy most of the benefits while riding with bitcoin.

I doubt that anyone said that there is any need to ONLY focus on "fuck you status."  The idea of fuck you status is used as an example of something that might be considered as a goal, but as you suggest, there are a lot of ways to profit from bitcoin even if it might not end up facilitating the reaching of BIGGER goals, such as reaching fuck you status.

Reaching fuck you status is not easy - and of course, there is a lot of variation in how to frame that kind of a concept, so the absolute numbers would be different for people, even maybe the general idea of entry level fuck you status would be to reach a kind of status in which work becomes optional rather than mandatory... and surely there can be lower levels of becoming enriched by bitcoin in such a way that might not quite reach fuck you status, but still having had invested into bitcoin ends up giving more options than if a person had not invested into bitcoin... and surely there are no guarantees that investing into bitcoin is going to improve your life, but bitcoin does seem to be amongst the best of asymmetric bets that are currently available (if not the best asymmetric bet currently available).

I've always worked with the simplest principle of bitcoin which is buying low and selling high

Yeah, but in terms of the basic thrust of the thread, we are not talking about trading in this thread, and we are not talking about selling..  even though surely no one is going to disagree with the basic idea of buying low and selling high - while at the same time, if we are talking about a longer term investment that might be 4-10 years or longer, then presumptively the BTC price will be higher down the road, so we might not be getting so much caught up upon short term trades but instead building a BTC position that is held for the longer term, and so any time that sales of BTC might be made down the road, whether 4-10 years or maybe even 20-30 years down the road, then presumptively the BTC price will be higher at the time that any BTC sales are made (and not even referring to selling all BTC, but just shaving off some amounts of BTC here and there as needed.. all profitable if the whole matter plays out in a positive way for bitcoin, while no guarantees, not a bad bet/investment for the longer term.

and I had to work on my greed to accept every little profit as a win rather than wanting to achieve 5k from 1k investment and just ending up losing everything.

Fair enough.. but still you are seeming to come to this thread with a trading mentality... like you are wanting to get into the investment (BTC in the case of our topic, here), and then to get out of it... but if we are playing the long game, then we will not be considering those kinds of matters of getting a 5x profit in a short period of time or whatever..

Sure any of us is going to feel better if the BTC that we hold is in profits, so then we can have options to sell some of it, but we would not even be talking about selling it all.

Even for myself, I started to get into bitcoin in late 2013, and I did most of my accumulation in the first year (by the end of 2014), but I ended up accumulating more bitcoin between 2015 and 2016 and even later, but still I might consider that my average cost per BTC is right around $1k per BTC.. so if I have mostly held onto my BTC even through the price rise of 2017 my BTC stash got up to 20x, and then shot back down to 3x and then had various price points that went up to 69x and then back down to 15x and then currently in the 28x territory. 

So now I am in profits.. just a matter of the level of profits.. been all the way down to 3x in profits and all the way up to 69x in profits, and prior to there were plenty of time that my BTC portfolio was in the negative, even up to 65% in the negative (in 2015 my average cost per BTC was around $550 in the beginning of the year and around $500 at the end of the year, but the BTC price was below $250 for most of the year), and so cost of BTC and level of profitability can change with the passage of time, including that mistakes can be made along the way too (and it is likely that each of us will make some mistakes along the way).

We can also make ballpark estimates regarding the profitability of the BTC that we hold, yet if you are valuing your wealth in short term dollar profits, you might never get to a status in which your BTC holdings are mostly in decently large profitable ranges in order that you might not be getting so worked up about getting out of BTC and getting into dollars. .or getting in and out of BTC and then ending up being mostly (or all) in dollars.. and why would anyone want to be in dollars? 

I can see having some dollars for regular spending and expenses and even for emergency expenses.. and just maybe constantly having some dollars, but it can be good to have BTC too, even if BTC prices are fluctuating a lot... but hey, you do what you like.

Long story short,  if we want to achieve what so ever height in bitcoin,  then we should atleast get some if not enough money so as to buy the dip when it arises because that's the best way to enjoy bitcoin and hope it rises to a contentment point for us to count and withdraw our profits.

Even though you are talking about buying BTC on the dip, you are still talking about cashing out of BTC.. so it seems to me that I you really do not appreciate the long term investment value of BTC, even though of course you are free to play your BTC stackenings however you like.

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

We are not talking about "the whole crypto space" in this thread.

We are talking about bitcoin, and even though you might not be focused on the actual topic of the thread, you are correct that buying the dip really ONLY makes sense if the project has pumpamentals - meaning that it is going to go up from the time that it is bought... but surely the idea goes further than merely pumpamentals - and you seem to recognize the idea of fundamental values and long term investing, so we might not be so much concerned about short-term price movements and short-term pumpamentals, even though surely guys are going to want to have had boughten on the dip - even if the BTC price might keep dipping they might run out of money or have to resort to holding because they have run out of money (or maybe just buying when their paychecks come in and not really overdoing how much they are buying) so that they might still be able to have some money even if the BTC price keeps dipping so that they might be able to buy some more BTC at lower prices.

Bitcoin has no limit to what extent its price could go at a particular trend whether it be an uptrend or dip the fact is that anyone stashing up Bitcoin should already have a predetermined conviction to hold for the long term base, so with that long-term principle it will become easy for the investors to either buy more when the price vs his last buy price go dipper or he resort into taking a break and continue holding.
Since bitcoin is not like shitcoin whose holder must be careful about holding on to a long-term basis, since there may be a possible dump of price, but with bitcoin all the investor needs to do is to have a proper DCA buying mechanism that will checkmate the buying process not to overdo or overbought as you have stated.

In this post, you seem to be understanding the idea of buying bitcoin for the long term, but for some reason, I am not sure if I believe you - especially since you already stated that you are trying to figure out a BTC price in which you can exit.

[BigBos]

The whole crypto space is littered with 'buy the dip' and the primary counsel before that advice seems to be fading away but without that primary advice, you might cease to exist in the space, most especially if you have used up all of your savings in the course of that investment. When you want to consider buying a dip, firstly, pause, DO YOUR OWN RESEARCH before you activate that buy button.

The idea of HODL is entirely up to you and your greed level. If you wish to have trust in the project, then, its entirely up to you.

You can't want something that really buys today and profits very big in the future because in essence Investment is not like that. We need more time to get results.
Talking about DYOR doesn't that mean you still have to look at other people and always buy what other people say so that the word DYOR is there? you have to have your own beliefs, friend, because if you keep doing things like that (following other people's words), then you definitely won't be able to survive here and I'm pretty sure losses will continue to come because your mindset is actually not wrong but not quite right because it's just expecting something a bit quicker or instant.

[ginsan]

You can't want something that really buys today and profits very big in the future because in essence Investment is not like that. We need more time to get results.
Talking about DYOR doesn't that mean you still have to look at other people and always buy what other people say so that the word DYOR is there? you have to have your own beliefs, friend, because if you keep doing things like that (following other people's words), then you definitely won't be able to survive here and I'm pretty sure losses will continue to come because your mindset is actually not wrong but not quite right because it's just expecting something a bit quicker or instant.

I do not dispute what you have explained. Because the investment that we are doing for now is an investment in the next 10 years so it doesn't occur to us when the price goes up or down to calculate the percentage because our hope is not that but we want to have more BTC in our portfolio.
BTC is a very valuable asset that we must have whether it's 1 BTC or 10 BTC because we assess the development of Bitcoin adoption getting better from year to year therefore we want to have more btc when the price goes down. Trust comes with full faith in bitcoin and that is what we want to see from everyone's words in the real world in the future because Bitcoin will be able to be a more efficient currency in all fields compared to Fiat.

[EarnOnVictor]

You can't want something that really buys today and profits very big in the future because in essence Investment is not like that. We need more time to get results.
Talking about DYOR doesn't that mean you still have to look at other people and always buy what other people say so that the word DYOR is there? you have to have your own beliefs, friend, because if you keep doing things like that (following other people's words), then you definitely won't be able to survive here and I'm pretty sure losses will continue to come because your mindset is actually not wrong but not quite right because it's just expecting something a bit quicker or instant.

I do not dispute what you have explained. Because the investment that we are doing for now is an investment in the next 10 years so it doesn't occur to us when the price goes up or down to calculate the percentage because our hope is not that but we want to have more BTC in our portfolio.
BTC is a very valuable asset that we must have whether it's 1 BTC or 10 BTC because we assess the development of Bitcoin adoption getting better from year to year therefore we want to have more btc when the price goes down. Trust comes with full faith in bitcoin and that is what we want to see from everyone's words in the real world in the future because Bitcoin will be able to be a more efficient currency in all fields compared to Fiat.

I must say that you are a diehard Bitcoin enthusiast which is a very good mindset as it can only do you one thing, it can only enrich your pocket beyond your wildest imagination. The future of Bitcoin is by no doubt promising, and there might be a time in less than 20 years when Bitcoin might be around $500k. Now, imagine those people who have had a permanent investment in it for that long. That means huge money for them almost without doing anything.

I have always had this plan to be candid, but it is such a separate plan from the other means by which I manage my Bitcoin for profit. There are some of my coins that I am keeping now and I keep purchasing more value of coin. They are such that I will not spend in the next 20 years and beyond, while there are parts that I use for trading purposes too.

Even at that, any profits realised from them (that for trading) still go to my HODLing wallets which I don't intend to spend at all. I might even pass them down to my children as their inheritance.

[Dimitri94]

I really believe that people who hold bitcoin for a very long time based on their knowledge and trust in bitcoin, so they are able to hold it even for an indefinite time.

I have some areas where I can get profit temporarily if I invest but I am not planning on that. Because I have a different dream with BTC. I was able to understand where BTC could take me in the long term. I have seen 2018, 2021 and more to come. But I have set my mind to keep my DCA at least running till 2030. At first my intention was to withdraw profit from BTC temporarily but now I think how much I can grow my BTC portfolio.
I don't think about the price of BTC right now. My main intention now is to make the BTC portfolio more healthy. I believe long term bitcoin holding will turn my small portfolio into a big asset.

[Halime Anatolia]

You can't want something that really buys today and profits very big in the future because in essence Investment is not like that. We need more time to get results.
Talking about DYOR doesn't that mean you still have to look at other people and always buy what other people say so that the word DYOR is there? you have to have your own beliefs, friend, because if you keep doing things like that (following other people's words), then you definitely won't be able to survive here and I'm pretty sure losses will continue to come because your mindset is actually not wrong but not quite right because it's just expecting something a bit quicker or instant.

I do not dispute what you have explained. Because the investment that we are doing for now is an investment in the next 10 years so it doesn't occur to us when the price goes up or down to calculate the percentage because our hope is not that but we want to have more BTC in our portfolio.
BTC is a very valuable asset that we must have whether it's 1 BTC or 10 BTC because we assess the development of Bitcoin adoption getting better from year to year therefore we want to have more btc when the price goes down. Trust comes with full faith in bitcoin and that is what we want to see from everyone's words in the real world in the future because Bitcoin will be able to be a more efficient currency in all fields compared to Fiat.

And today's statement from the International Monetary Fund will also have a real impact on the development of the crypto space especially BTC that banning cryptocurrencies may not be effective in the long run and can have a negative impact on a country's economic development and innovation. Source: https://cointelegraph.com/app/public/index.php/news/imf-banning-crypto-not-effective-in-long-run/amp.

[Odusko]

And today's statement from the International Monetary Fund will also have a real impact on the development of the crypto space especially BTC that banning cryptocurrencies may not be effective in the long run and can hurt a country's economic development and innovation. Source: https://cointelegraph.com/app/public/index.php/news/imf-banning-crypto-not-effective-in-long-run/amp.

Reading through the news shared and the advice of the international monetary Fund IMF it suggests for development of CBDC so that the government can have more access to regulate and controls the Digital Assets of its citizens the only positive thing from their statement is countries improve their payment systems.
IMF is being too political in their approach to cryptocurrency because it did not mention El Salvador or Central African republics in its statement even though both countries are the first to fully adopt cryptocurrency, so the IMF did not make an appropriate cryptocurrency adoption statement rather the IMF tried to promote the development of CBDC.

[BigBos]

You can't want something that really buys today and profits very big in the future because in essence Investment is not like that. We need more time to get results.
Talking about DYOR doesn't that mean you still have to look at other people and always buy what other people say so that the word DYOR is there? you have to have your own beliefs, friend, because if you keep doing things like that (following other people's words), then you definitely won't be able to survive here and I'm pretty sure losses will continue to come because your mindset is actually not wrong but not quite right because it's just expecting something a bit quicker or instant.

I do not dispute what you have explained. Because the investment that we are doing for now is an investment in the next 10 years so it doesn't occur to us when the price goes up or down to calculate the percentage because our hope is not that but we want to have more BTC in our portfolio.
BTC is a very valuable asset that we must have whether it's 1 BTC or 10 BTC because we assess the development of Bitcoin adoption getting better from year to year therefore we want to have more btc when the price goes down. Trust comes with full faith in bitcoin and that is what we want to see from everyone's words in the real world in the future because Bitcoin will be able to be a more efficient currency in all fields compared to Fiat.

I corrected the previous word because what I meant there is when we talk about investing, it doesn't mean that we do it today and for tomorrow because this is not a problem in a short time because coming back Investing clearly takes time for that.
Even though that can indeed happen, it only refers to shitcoin, which always pumps according to the wishes of the people who are in it, not for bitcoin, because there really isn't anything instant in this.
I'm not going to refute what you say because it's something that even in this case I prefer profit targets over timeframes but that's not wrong either.
I do a little different because I invest in bitcoin instead of following the timeframe whether it's 1 or 10 years in the future but I have a target in the amount of profit and when I'm satisfied with the target I want to achieve then I will go out and wait again for some time when bitcoin having the drop state as a return prefix for me.