Buy the DIP, and HODL!

[Wind_FURY]

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration. 

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

[1714828724]

1714828724

[JayJuanGee]

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration. 

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

Still?  How are we going to know?  Even now, it does seems that we are in a flat and maybe slowly climbing out of the bear market phase, so maybe it is a good time to be buying on dips?  The odds seem pretty good that our $15,479 bottom is in, and the 200-week moving average continues to move up.  It was just below $22k when the May 2022 BTC price fiasco seemed to have begun (or was pretty clearly undeniably in a bear market), but many of us might not have had known that we were in a bear market prior to May 2022.. so there likely were a lot of bitcoiners who were buying BTC at higher than $37k prices prior to May 2022.. and many of them were buying like crazy in the lower $50ks because they were not convinced (or they were convinced) that bitcoin would not go below $50k ever again...

and I am not even saying that those kinds of buys of BTC are unreasonable, but sometimes the contradictory nature of a lot of the feelings and sentiments about price may well end up allowing for greater psychological security to just employ various regular BTC buying strategies that focus on regularly buying more BTC rather than trying to guess if the BTC price might be going up or down.. which also may well result in larger amounts of BTC accumulated even if the average cost per BTC may well have had ended up being higher.. but at least the BTC stash was honed into becoming a larger size than the "let's wait and see" approach...

but whatever... do whatever you like.. I am surely not opposed to trying to time dips and to avoid selling.. especially if your goals are actually to accumulate BTC..

Once you get to a certainly high level of BTC accumulation (like you have way too much, if that's possible?) then you are able to have more freedoms in terms of selling at various points and you would not necessarily be selling it in order to be able to accumulate more, but instead selling because you can.. and if the price goes down then you will buy more.. but you do not need to buy more and you do not need more BTC..... so yeah, sometimes guys/gals will get confused in regards to their own objectives and tactics, and I surely agree that selling to accumulate seems more like a gambling strategy than a strategy of a longer term investor who actually somewhat understands BTC.. so focuses on accumulating BTC through various kinds of buying and HODLing until getting to the "I have too much BTC" stage of his BTC investment / portfolio management journey...

How much is too much?  That's another question.. maybe when s/he gets to several multiples of his her annual income, but it is also going to depend upon a variety of individualized financial and psychological factors.... including other investments too... and if s/he is in entry-level fuck you status of 20-30x his annual income into bitcoin  (or just having an overall investment portfolio at that size), there may be some needs to assess the extent to which the BTC portion of the investment portfolio might be too much... so how much BTC versus other assets can be fairly BIG questions too.. including if you might start with having ONLY 15% allocated to BTC, but price changes cause your BTC allocation to become something in the ballpark of 75% to 90%, so you might want to reconsider how much BTC you have and whether to shave some off and how to shave it off.. Having those kinds of high percentages that come from BTC price appreciation do not necessarily create needs to reallocate.. but there may be some needs to measure what your other assets are too...and to consider BTC's past price performance and/or consider future performance to also consider the extent to which any BTC might need be shaved off once the accumulation of BTC and perhaps its price appreciation had gotten so high... and how quickly did such price appreciation happen, might also trigger varying ways to actually deal with the allocations of various assets (including BTC) that are in the investment portfolio.

[Ruttoshi]

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration.  

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

Still?  How are we going to know?  Even now, it does seems that we are in a flat and maybe slowly climbing out of the bear market phase, so maybe it is a good time to be buying on dips?  The odds seem pretty good that our $15,479 bottom is in, and the 200-week moving average continues to move up.  It was just below $22k when the May 2022 BTC price fiasco seemed to have begun (or was pretty clearly undeniably in a bear market), but many of us might not have had known that we were in a bear market prior to May 2022.. so there likely were a lot of bitcoiners who were buying BTC at higher than $37k prices prior to May 2022.. and many of them were buying like crazy in the lower $50ks because they were not convinced (or they were convinced) that bitcoin would not go below $50k ever again...

and I am not even saying that those kinds of buys of BTC are unreasonable, but sometimes the contradictory nature of a lot of the feelings and sentiments about price may well end up allowing for greater psychological security to just employ various regular BTC buying strategies that focus on regularly buying more BTC rather than trying to guess if the BTC price might be going up or down.. which also may well result in larger amounts of BTC accumulated even if the average cost per BTC may well have had ended up being higher.. but at least the BTC stash was honed into becoming a larger size than the "let's wait and see" approach...

@Wnd_Fury made a good point,that sometimes the advantage of using the buy at dip method is that one might not be able to have the opportunity to buy at such dip price anymore because of the volatile nature of bitcoin, which I see it as a good idea. Buying at dip gives one enough time to gather his funds to a significant amount before the price goes dip and once your plan works out,you will be able to accumulate more bitcoin to your portfolio.

@JayJuanGee you are very correct,I took my time to think over what you said about using DCA method i.e buying all various prices of bitcoin. If one waits for the bear market to come or for a dip in price,one might become unlucky to see that dip price of bitcoin when you are expecting it because the price of bitcoin can't be predict one what happens to it next. Before you know it your dip price target might not come so fast and the funds that you reserve for that purpose or that you are piling up for buy at dip might be tempered when an emergency need occurs and you will plan to refill the funds. But if you are accumulating using DCA method,whatever emergency that occurs, you have already bought bitcoin and you will look for an alternative way to get funds,since your target is to Hodli until you get to your bitcoin target amount

[Dictator69]

You are explaining it a bit different than me, but it could be that we are mostly understanding what each other is saying.

I am not sure if it might not be worth emphasizing a bit better what I mean, though.

Of course, this thread is about bitcoin, so it might not be too good of an idea to get too distracted into talking about various shitcoins, including which ones might be worth investing into, if any of them.
............snip..................
Something similar happened in China in late 2016.  A lot of Chinese exchanges locked up the value of their citizens in the various Chinese exchanges until they KYC'd or whatever other bullshit that they were supposed to do, and a lot of those citizens got screwed out of the whole 2017 bull run.. and perhaps even Chinese officials thought that they were going to be able to discourage the BTC price from going
......snip.......
You are not the ONLY one who suffers from receiving my relatively long responses.  You can glance through random samples of my post history and see that I have tendencies that go back all the way to the beginning of my forum membership for long responses.

Today i collected all my energy to give reply back to you, as just after my last reply to you network service went down for like 2 days in my country's big cities. The reasons was some Religious groups were taking out a procession so to provide them top notch level security our government authorities planned to shut down network service. And after that, when i read your post, i was like, oh shit you must have smoking something because writing that long is not an easy task.

Well, i just ready your reply and it was informative, encouraging, and motivational for me. And thanks for spending so much time just to give that information for free of cost as nothing is free nowadays. And i also found my idea of saving in local currency bad because it will just lose value. So, i think i should buy some USD instead of some bonds because i do not like bonds. I like currency which i could at least predict about.

And Chinese (governments) are still making profits from crypto space by using Hong Kong so, i must say they were not off the game ever. All they did is took some precautions.

I might be missing some points to reply back on but overall, i now understand i am not the blank slate because you like to write that long. So best of luck with such writing i should suggest you to start some blog etc. which i think you already have thought about. So, thanks for your words. And i will try to save 10 million Satoshi someday And i really liked the idea of not Investing 10% of wage on BTC but instead Investing whole year wage for all in once by following your method of DCA or lump sum buying on dump etc. And to get all gains in once for all. Instead of waiting 10 years.

[SmartGold01]

Snip

This is another important question which we needs to asked ourselves about the total amount needed to hold to be satisfied..
Well, to me will say in as much as we keep working good jobs and we are earning higher we can start buying periodically maybe, either weekly, monthly depending on how our incomes keeps flowing.

But most at times people might think holding A bitcoin is strong and good enough for them to have but without knowing that there are others who are buying thousands of it within some spot of time without having to think their holdings is enough for them, but however, other can't be classified as them, as I have this strong feelings that incomes are never the same and whether someone chooses to buy thousands of it it  depending on the degree of their financial status, which is why I myself can't bolding say that I must buy 1 bitcoin per months were I knew that my income is not upto that and even though I succeeded telling people that I does that but within my capacity I know I can't so there is no way someone would keep accumulating without a proper means of income to show and proved that such persons must buy bitcoin.

But, the chances of us to keep buying it when we found it very cheaper could be a great advantage to our lives in time to come compared tomorrow, tomorrow not just 2 of August, this simply means years to come just as bitcoin was launched 14 years back, and many people never supported maybe was thinking bitcoin won't scale through the surface of Earth, which made them pay less attention to the entire bitcoin progression and development. We can't still be blindfolder since some people weren't clever enough to utilized the efficacy of bitcoin and all that concerns it, and even as that many bought and hold but after they made few dollars they sold without foreseeing the future either to be bright or not, that is why today, whenever I am that closed to people who keeps rebelling of their misfortune how they lost their thousands of bitcoin for a muscle of pizza or shawarma keeps pissing me off because even if they had chances to backward or to turn back the hand of time they would still make same mistake by misusing the chance. Everyone always says where was I when bitcoin was less a dollar..

Sir, Ma let the truth be told, there will be some people who would still keep saying it too expensive (maybe lets wait for the price to drop $0.2 before they could buy). Believe me or not, even though the price still drops to $0.01 yet people who don't want to take bold steps won't still buy because they always believed there is every possibility to go more dipper than this. Therefore I can say with all boldness and assurance that this same thing is what is happening currently today. Hence I would loved to call it Procrastination, this sets of people are unwilling to make and effect changes in their lives today..

But what do I do at this point, I have no personal power to instigate or enforce people what they aren't ready for in life, that is, look closely in the forum today you would always see people keeps crying they missed the good chance, Sir I don't take a f**k to those crying because even if they had those chances they would still misused them without taking effects, okay, let say is there no other good coin out there where they can invest and hold if they think bitcoin is no where to be found again?

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

[Aanuoluwatofunmi]

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

The most important thing to always note about bitcoin is in it ability to always appears a profitable investment over time, you could discover that this same thing has been what bitcoin has developed over other cryptocurrencies whereby you discover some other cryptocurrencies are nothing but a failed attempts because they will fall today and lack the stamina to rise back whenever they massively fall, bitcoin will fall and rise more than it fallen and give it's investors more confident they could hold unto that they are still with the right choice on investment with bitcoin, those that were able to endure holding right from the dip to the season of the bull will have the required experience of bitcoin profitability while holding for that long.

[SmartGold01]

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

The most important thing to always note about bitcoin is in it ability to always appears a profitable investment over time, you could discover that this same thing has been what bitcoin has developed over other cryptocurrencies whereby you discover some other cryptocurrencies are nothing but a failed attempts because they will fall today and lack the stamina to rise back whenever they massively fall, bitcoin will fall and rise more than it fallen and give it's investors more confident they could hold unto that they are still with the right choice on investment with bitcoin, those that were able to endure holding right from the dip to the season of the bull will have the required experience of bitcoin profitability while holding for that long.

People don't really understand the whole concept of bitcoin and its volatility level, we know that it is the nature of bitcoin to decrease and increase overtime, overly some people had it at the backend of their hearts to always swiftly sail with bitcoin in terms of investment as I know too well that every year comes another story and version of bitcoin but they never put into watchlist to know when and why they should hold, although those people who are holding and also topping their portfolios are really doing to job because by the time they would end up have enough volume in their portfolio they would understand the reason for holding for long and keeps expanding their knowledge.

As I believe a time to come, bitcoin will supersede the real purpose why people are basically holding it. But that notwithstanding, the ability for you to know that whenever the markets drops is another pretty cool to buy then you would come to a realization to know the reason why people always emphasis on holding bitcoin. Bitcoin is a long time project that requires a long term patient to be able to enjoy more benefits especially holding to double their money.

[JayJuanGee]

Snip

This is another important question which we needs to asked ourselves about the total amount needed to hold to be satisfied..
Well, to me will say in as much as we keep working good jobs and we are earning higher we can start buying periodically maybe, either weekly, monthly depending on how our incomes keeps flowing.

But most at times people might think holding A bitcoin is strong and good enough for them to have but without knowing that there are others who are buying thousands of it within some spot of time without having to think their holdings is enough for them, but however, other can't be classified as them, as I have this strong feelings that incomes are never the same and whether someone chooses to buy thousands of it it  depending on the degree of their financial status, which is why I myself can't bolding say that I must buy 1 bitcoin per months were I knew that my income is not upto that and even though I succeeded telling people that I does that but within my capacity I know I can't so there is no way someone would keep accumulating without a proper means of income to show and proved that such persons must buy bitcoin.

But, the chances of us to keep buying it when we found it very cheaper could be a great advantage to our lives in time to come compared tomorrow, tomorrow not just 2 of August, this simply means years to come just as bitcoin was launched 14 years back, and many people never supported maybe was thinking bitcoin won't scale through the surface of Earth, which made them pay less attention to the entire bitcoin progression and development. We can't still be blindfolder since some people weren't clever enough to utilized the efficacy of bitcoin and all that concerns it, and even as that many bought and hold but after they made few dollars they sold without foreseeing the future either to be bright or not, that is why today, whenever I am that closed to people who keeps rebelling of their misfortune how they lost their thousands of bitcoin for a muscle of pizza or shawarma keeps pissing me off because even if they had chances to backward or to turn back the hand of time they would still make same mistake by misusing the chance. Everyone always says where was I when bitcoin was less a dollar..

Sir, Ma let the truth be told, there will be some people who would still keep saying it too expensive (maybe lets wait for the price to drop $0.2 before they could buy). Believe me or not, even though the price still drops to $0.01 yet people who don't want to take bold steps won't still buy because they always believed there is every possibility to go more dipper than this. Therefore I can say with all boldness and assurance that this same thing is what is happening currently today. Hence I would loved to call it Procrastination, this sets of people are unwilling to make and effect changes in their lives today..

But what do I do at this point, I have no personal power to instigate or enforce people what they aren't ready for in life, that is, look closely in the forum today you would always see people keeps crying they missed the good chance, Sir I don't take a f**k to those crying because even if they had those chances they would still misused them without taking effects, okay, let say is there no other good coin out there where they can invest and hold if they think bitcoin is no where to be found again?

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

I still believe the more important points are deciding what you are going to do rather than being worried about what others are doing, and sure there are quite a few people who made mistakes  in the past in regards to bitcoin, and there are many people who come to bitcoin, and they are not as aggressive as they could be or as they should be because they believe that they are too late.

So then each of us have decisions to make on our own in regards to whether and how much we are going to invest into bitcoin, and how are we going to strategize to reach our BTC accumulation goals, and surely it could take us 10-20 years or more to reach our BTC accumulation goals, but it can never be known for sure, because sometimes a person may have invested 10% of his/her income into bitcoin for 10 years, and so therefore we might believe that after 10 years, he should have right around 1 years salary - and perhaps if his/her investment did well then maybe s/he would have 2 years salary after 10 years.

Of course, merely investing into bitcoin for one or two years, might cause some of us to become more convicted about bitcoin, so in that regard, we may well start to invest 25% of our salary into bitcoin, which should mean that we could invest around 1 years income into bitcoin within 4 years, but we also might choose to increase our cashflow and to reduce our expenses, and so we learn how to be more frugal with our spending and to be able to end up being more aggressive with our bitcoin investment while at the same time maybe even realizing that we have DCA'ed into bitcoin quite a bit, and we have a decent amount of stake into bitcoin, and so since we are getting to several years of our income into bitcoin, then maybe we have been able to better identify dips or to identify strategies that allow us to buy more on dips, even if we realize that we are not very likely to time the very bottom of any dip so even our buying on dips might end up having some DCA components even though we have not been DCA'ing as much as we can tailorize our system in such ways that we kind of know how much we are able to tolerate cash building up which is not a bad problem to have because we have cash building up and we also have a bitcoin stash that is building up too...

...and we are building our BTC stash by buying bitcoin, not be fucking around with selling it and expecting to buy back cheaper.. because those kinds of plans are not as financially and psychologically sound. and those kinds of strategies are seemingly desperate rather than informed.. as we learn more and more about ourselves through the years by not taking unnecessary risks with the BTC stash that we had been building for such a long time, whether that is 4-10 years or longer, or maybe for some of us it could take more than 20 years, which is not necessarily a problem.. especially if we look at the world and how so many people might not even get to fuck you status because they are investing into fiat based systems and getting their value robbed from them.. and we may well learn those kinds of dynamics through our ongoing investing into bitcoin and paying attention in terms of how to balance our ongoing accumulation until we reach a state of BTC accumulation that we know and realize that we have more BTC than we need... We should know it once we get there or get close to that point.

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

The most important thing to always note about bitcoin is in it ability to always appears a profitable investment over time, you could discover that this same thing has been what bitcoin has developed over other cryptocurrencies whereby you discover some other cryptocurrencies are nothing but a failed attempts because they will fall today and lack the stamina to rise back whenever they massively fall, bitcoin will fall and rise more than it fallen and give it's investors more confident they could hold unto that they are still with the right choice on investment with bitcoin, those that were able to endure holding right from the dip to the season of the bull will have the required experience of bitcoin profitability while holding for that long.

I agree with everything you are saying Aanuoluwatofunmi - except bitcoin is not always guaranteed to go up, even in the long term. 

sure the odds are great, and bitcoin's fundamentals remain strong, since it is likely amongst the best of any investments that anyone can make, if not the best of investments, but it is still not guaranteed to go up.

Bitcoin is a long time project that requires a long term patient to be able to enjoy more benefits especially holding to double their money.

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

A good thread on raking profits is Rpietila's (Risto) (RIP) 2013 Thread entitled:  (SSS) - A Sane and Simple bitcoin Savings plan

[Dictator69]

All the same @Dictator69 if you started your bitcoin journey in few months back by your quest to learn cryptocurrencies trading which made you to pick interest in reading everything related to Bitcoin and cryptocurrencies,  but I will say that that space of time is not enough because to build a stable financial portfolio in bitcoin one need to put in years of consistent learning and accumulation along the way up, not only buying the dip but also allocating a substantial amount of your total cash flow to stock up your Bitcoin holding to be able to attain the level where your financial stability won't only depend on the price of Bitcoin but also having other sources for cashflow that can sustain you during any market condition that may come along the line.

I could understand what you are saying, i have seen few motivational videos too in which many people tried to emphasize the importance of getting knowledge of How BTC could also make your life miserable if you will not follow or set some rule for yourself. Because, market is volatile and i definitely have to be careful. But from what i have understood from jayjuangee last reply to me.

Holding is better but doing DCA, Lump sum and buying at every dip is good. instead of putting 10% of your savings in BTC for like 10 years. Instead of that invest 1 whole years savings by following some holding ethics and see the gains you will get. I liked that idea and it is far better. So, again i totally agree with you too.

Invest with what you could lose to afford. Is the saying i have heard a lot in short period of time so, i am taking care of my personal expenses first before jumping into investing in BTC. But currently market is full of FOMO for me. Like i don't think i would  get this opportunity again.

IS there any settings here to get notifications when someone call your name or mention you. Because i have to visit this thread to see if someone replied me back or not. I posted on many other topics too but do not if someone has replied me back so without getting into discussions like back to back on WhatsApp we do is not a fun. I am roaming around in search of topics where someone might be called or mentioned me.

[Fivestar4everMVP]

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

The most important thing to always note about bitcoin is in it ability to always appears a profitable investment over time, you could discover that this same thing has been what bitcoin has developed over other cryptocurrencies whereby you discover some other cryptocurrencies are nothing but a failed attempts because they will fall today and lack the stamina to rise back whenever they massively fall, bitcoin will fall and rise more than it fallen and give it's investors more confident they could hold unto that they are still with the right choice on investment with bitcoin, those that were able to endure holding right from the dip to the season of the bull will have the required experience of bitcoin profitability while holding for that long.

This is the reason why bitcoin has remained the safest crypto coin to invest in, even though it does not appear to be the most profitable any longer since today, we have a lot of altcoins that do x1000 and even higher easily in just a matter of days, hours, something bitcoin can no longer do, but then like its commonly said that we cant eat our cake and at the same time, still have it, investing in those altcoin comes with a very high risk, and like you've said, there are many altcoins that can never reach their all time high again even if we enter a bull season, but this is something that have always been very easy for bitcoin to achieve in every bull season..

So to put things in an easy and understandable perspective, we could say that, for those who want an extremely low risk investment, an investment where no matter how bad the market is, there is always a high chance they will make profit off their investment if they are patient, such people should only invest in bitcoin, but for those who want some buck real quick and don't mind the level of risk involved, that is they don't mind losing their initial investment capital, then such persons can always try their luck on some altcoin investments.

[SmartGold01]

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

A good thread on raking profits is Rpietila's (Risto) (RIP) 2013 Thread entitled:  (SSS) - A Sane and Simple bitcoin Savings plan

I can't specifically say with others intention but for myself I do plan to hold for long, but what made me mentioned about doubling their money for profits making is when those who weren't belong here had this mentality that bitcoin is being operated as ponzi were they could investment and are well sured to make back their profit within some specific timeframe as they wishes.

These sets of people will never in a day be equated to someone like your personality, although physically I can easily justify their actions and acting words towards bitcoin, considering the economic situation within my country and those who always had of or thought of bitcoin think and have this mindsets to have became Rich overnight without knowing it doesn't function that way. Which is why I said your experience of holding and accumulation strategies and your portfolios can't be simplified or being the same as your own mission and passion to accumulate gradually, while theirs could be for a daily bread and family progress ( selling off their little profits for family benefits and feedings).

Well, my journey here has just evolve and I will keep striving and pushing harder to make sure In time to come I won't come yelling for my non being able to utilize the opportunities. Let say for instance they way you did and yet you keeps stacking up without even considering the percentage increase and decreased, well I must say I give a maximum respect to you and there is always a knowledge and a keynote to drived from you whenever I came in counter with your post and feedback, I don't hesitate to read even though it takes me time to comprehend all you put down I know I am gaining a very strong knowledge that will sharping and shaping me mentally and physically, as believe knowledge is what keeps us sailing and there's no day I can boast of without you putting in front line as someone who has made us understand importancy of belonging to a very broad community like Bitcointalk.

[Ruttoshi]

Snip

This is another important question which we needs to asked ourselves about the total amount needed to hold to be satisfied..
Well, to me will say in as much as we keep working good jobs and we are earning higher we can start buying periodically maybe, either weekly, monthly depending on how our incomes keeps flowing.

But most at times people might think holding A bitcoin is strong and good enough for them to have but without knowing that there are others who are buying thousands of it within some spot of time without having to think their holdings is enough for them, but however, other can't be classified as them, as I have this strong feelings that incomes are never the same and whether someone chooses to buy thousands of it it  depending on the degree of their financial status, which is why I myself can't bolding say that I must buy 1 bitcoin per months were I knew that my income is not upto that and even though I succeeded telling people that I does that but within my capacity I know I can't so there is no way someone would keep accumulating without a proper means of income to show and proved that such persons must buy bitcoin.

But, the chances of us to keep buying it when we found it very cheaper could be a great advantage to our lives in time to come compared tomorrow, tomorrow not just 2 of August, this simply means years to come just as bitcoin was launched 14 years back, and many people never supported maybe was thinking bitcoin won't scale through the surface of Earth, which made them pay less attention to the entire bitcoin progression and development. We can't still be blindfolder since some people weren't clever enough to utilized the efficacy of bitcoin and all that concerns it, and even as that many bought and hold but after they made few dollars they sold without foreseeing the future either to be bright or not, that is why today, whenever I am that closed to people who keeps rebelling of their misfortune how they lost their thousands of bitcoin for a muscle of pizza or shawarma keeps pissing me off because even if they had chances to backward or to turn back the hand of time they would still make same mistake by misusing the chance. Everyone always says where was I when bitcoin was less a dollar..

Sir, Ma let the truth be told, there will be some people who would still keep saying it too expensive (maybe lets wait for the price to drop $0.2 before they could buy). Believe me or not, even though the price still drops to $0.01 yet people who don't want to take bold steps won't still buy because they always believed there is every possibility to go more dipper than this. Therefore I can say with all boldness and assurance that this same thing is what is happening currently today. Hence I would loved to call it Procrastination, this sets of people are unwilling to make and effect changes in their lives today..

But what do I do at this point, I have no personal power to instigate or enforce people what they aren't ready for in life, that is, look closely in the forum today you would always see people keeps crying they missed the good chance, Sir I don't take a f**k to those crying because even if they had those chances they would still misused them without taking effects, okay, let say is there no other good coin out there where they can invest and hold if they think bitcoin is no where to be found again?

Or have bitcoin gone on an exile where no one can have access to it again? No!

Because we can still afford it, no matter how small it is but if we are determined to hold some fraction then we can start, as I strongly believe that "A journey of 10 thousand Mile began with a Step" So why can't they take those bold step and start holding from fraction and then before they knew it they might hold 1 bitcoin, continually they increase their portfolios without having to wait to buy thousands of bitcoin as they planned to do.

I still believe the more important points are deciding what you are going to do rather than being worried about what others are doing, and sure there are quite a few people who made mistakes  in the past in regards to bitcoin, and there are many people who come to bitcoin, and they are not as aggressive as they could be or as they should be because they believe that they are too late.

So then each of us have decisions to make on our own in regards to whether and how much we are going to invest into bitcoin, and how are we going to strategize to reach our BTC accumulation goals, and surely it could take us 10-20 years or more to reach our BTC accumulation goals, but it can never be known for sure, because sometimes a person may have invested 10% of his/her income into bitcoin for 10 years, and so therefore we might believe that after 10 years, he should have right around 1 years salary - and perhaps if his/her investment did well then maybe s/he would have 2 years salary after 10 years.

Of course, merely investing into bitcoin for one or two years, might cause some of us to become more convicted about bitcoin, so in that regard, we may well start to invest 25% of our salary into bitcoin, which should mean that we could invest around 1 years income into bitcoin within 4 years, but we also might choose to increase our cashflow and to reduce our expenses, and so we learn how to be more frugal with our spending and to be able to end up being more aggressive with our bitcoin investment while at the same time maybe even realizing that we have DCA'ed into bitcoin quite a bit, and we have a decent amount of stake into bitcoin, and so since we are getting to several years of our income into bitcoin, then maybe we have been able to better identify dips or to identify strategies that allow us to buy more on dips, even if we realize that we are not very likely to time the very bottom of any dip so even our buying on dips might end up having some DCA components even though we have not been DCA'ing as much as we can tailorize our system in such ways that we kind of know how much we are able to tolerate cash building up which is not a bad problem to have because we have cash building up and we also have a bitcoin stash that is building up too...

...and we are building our BTC stash by buying bitcoin, not be fucking around with selling it and expecting to buy back cheaper.. because those kinds of plans are not as financially and psychologically sound. and those kinds of strategies are seemingly desperate rather than informed.. as we learn more and more about ourselves through the years by not taking unnecessary risks with the BTC stash that we had been building for such a long time, whether that is 4-10 years or longer, or maybe for some of us it could take more than 20 years, which is not necessarily a problem.. especially if we look at the world and how so many people might not even get to fuck you status because they are investing into fiat based systems and getting their value robbed from them.. and we may well learn those kinds of dynamics through our ongoing investing into bitcoin and paying attention in terms of how to balance our ongoing accumulation until we reach a state of BTC accumulation that we know and realize that we have more BTC than we need... We should know it once we get there or get close to that point.

Yea,I also believe so that a newbie like me can choose to invest 5% of my income into bitcoin but after one year and my believe for bitcoin increases,I can increase my investment to 10% and so on every year respectively. Practice makes one perfect and the more years passes on as long as am not selling and have plans to hold for let's say 10 years. You will see it that I will have a buying strategy which I can adopt to accumulate more bitcoin based on my the channels of my cash inflow.

I can start with buying at dip at first and later,if I have another means of cash inflow,I come of with a new strategy to do DCA. If I got lucky and have an extra means of cash inflow,which shows that I have three means of cash inflow, I can adopt the strategy of DCA quarterly and also buy at dips too,to enable me accumulate faster before there might be a decline in one cash inflow.

If my cash inflow declines then it is left for me to look for a new strategy that I can use for accumulation again depends on the circumstances around my financial status as that period of time. @JayJuanGee for one to reach the fuck you status as you do say,it will take a very long time because as time passes on fiats depreciates and makes the value of bitcoin to increases,at the same time human wants can never be satisfied. One might think that if I can accumulate 1BTC,it is okay but reaching that journey,one might change his mind to make it 2BTC and accumulation of bitcoin continues.

Bitcoin is a long time project that requires a long term patient to be able to enjoy more benefits especially holding to double their money.

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

If I may get it right from what you are saying,meaning one shouldn't sell his bitcoin for profits but hold on and see bitcoin as part of his lifestyle so that the longer you hodli,the higher the profit multiplies after each circle respectively.

[JayJuanGee]

All the same @Dictator69 if you started your bitcoin journey in few months back by your quest to learn cryptocurrencies trading which made you to pick interest in reading everything related to Bitcoin and cryptocurrencies,  but I will say that that space of time is not enough because to build a stable financial portfolio in bitcoin one need to put in years of consistent learning and accumulation along the way up, not only buying the dip but also allocating a substantial amount of your total cash flow to stock up your Bitcoin holding to be able to attain the level where your financial stability won't only depend on the price of Bitcoin but also having other sources for cashflow that can sustain you during any market condition that may come along the line.

I could understand what you are saying, i have seen few motivational videos too in which many people tried to emphasize the importance of getting knowledge of How BTC could also make your life miserable if you will not follow or set some rule for yourself. Because, market is volatile and i definitely have to be careful. But from what i have understood from jayjuangee last reply to me.

Holding is better but doing DCA, Lump sum and buying at every dip is good. instead of putting 10% of your savings in BTC for like 10 years. Instead of that invest 1 whole years savings by following some holding ethics and see the gains you will get. I liked that idea and it is far better. So, again i totally agree with you too.

Of course, you are rephrasing the subject of bitcoin strategy differently than how I phrased it, so I am not  sure if we are thinking about the matter the same, or maybe I am just misunderstanding how you are rephrasing the topic.

It seems that part of the essence of what both Odusko and I had been attempting to say is that within a 10 year or longer investment journey, there is likely going to be a lot of balancing and rebalancing of strategies along the way, and perhaps even needs to tweak strategies based on changes in your own personal situation, that may or may not end up involving your view of the underlying asset (in this case bitcoin).   

Of course, the vast majority of us have not even been into bitcoin for 10 years, so we are not even going to really know for sure what bitcoin or our situation is going to look like in the next 10 years - even though we can still attempt to plot it out in a kind of general way that attempts to be as accurate that we are able to be based on what we know right now and even perhaps attempting to account for some of the unknowns along the way too.

Surely, the exact approach that any of us takes should be largely tailored to our own personal circumstances as we currently see them and in order to attempt to anticipate some of the changes along the way that might include cashflow, but also may well end up including various changes in other aspects of what we should be including in our personal considerations such as:

how much bitcoin we might have already accumulated, our other investments (including cash reserves), our view of bitcoin as compared with other investments, timeline, risk tolerance, and our time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that we are in BTC accumulation, maintenance or liquidation stage) and our abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Some of these considerations may well remain somewhat stable, but others might have a lot more variance or even end up changing on our own comfort levels.

I am not exactly sure what you meant by the idea of 10% for 10 years versus the other ways of accumulating 1 years worth of an investment portfolio, because when I used those numbers, I was trying to suggest that if any of us might choose to put in 10% of our salary per year, it is going to take us 10 years to reach a whole year's value that we had invested into our investment portfolio, and sure the resulting amount may well end up being less or it may well end up being more based on if the investment portfolio had performed well (such as greater than the speed that you yearly income went up), but if your income went up faster than the appreciation of your investment portfolio, you may end up having less than a whole year's income saved up at the end of the 10 years, so surely there can be some value in terms of the investment appreciating,

and even incomes can go up due to cost of living going up or incomes might go up because your ability to demand more income has gone up based on your increased skills (or perhaps your luck in terms of getting into better paying jobs).  Of course, if your income goes up way more than demands upon you to increase your standard of living, then you may well continue to live with lower standards of living and to increase the amount (percentage) that you invest into your investment portfolio, whether into bitcoin or into any other investments.

Based on our actions today and even our attempts to make a solid plan, we still are not necessarily going to know where we are going to be exactly in 10 years, and our attempts to be more aggressive may end up in higher payoffs, but might end up with mistakes that undermine our progress towards where we thought that we could be versus where we end up being.  I personally consider that it is a good practice to outline a variety of scenarios that are more conservative and more optimistic, but still that might not necessarily mean that we should be getting paralyzed by analysis, since we should be attempting to also act upon our plans, but also from time to time setting aside some time and space to analyze where we are at that may well include assessments of where we came from and a variety of possible scenarios regarding where we expect to be going.. while at the same time, ongoingly pursuing at least one of the paths that we have projected (perhaps staying focused might require to ONLY pursue one of the paths, but people generally can be capable of doing more things at once.. even though there should be some appreciation for the fact that if we spread ourselves out too thin and try to take on too many things, we might well end up screwing our own selves and not getting any of the things that we had projected to be reasonably within our future projections of how our finances and/or psychology could play out).

Invest with what you could lose to afford. Is the saying i have heard a lot in short period of time so, i am taking care of my personal expenses first before jumping into investing in BTC. But currently market is full of FOMO for me. Like i don't think i would  get this opportunity again.

Yep.   Exactly.  We are all going to have these kinds of temptations that are going to be needed to be balanced upon making sure that we sufficiently have our own personal shit together... otherwise we are going to end up gambling and sporadic and likely to panic rather than really being prepared for the consequences for any of our actions.

Let's say that you have a rough idea for your cashflow, and you think that you might be able to be somewhat aggressive towards bitcoin and to invest $6k over the next 6 months, and you might even be able to front load that investment.  However, you are not really sure because you have not really analyzed your finances very well, and you have a lot of debt and some uncertainties with your cashflow.

So instead of executing an investment plan that would dip too deeply into investing the $6k over the next 6 months, you instead decide to pursue a more modest approach in which you are committing to investing $2k over the next 6 months, and in the coming weeks, you will figure out if you might be able to tweak your plan to make it more aggressive.. and don't be disappointed, if after further analysis you realize that you are not able to increase your investment. and you have to continue to work on getting your shit better together.. and even if the BTC price goes up from here.. more opportunities will come and it is better to attempt to tailor to your own situation, rather than getting caught up upon speculation that the price is no longer going to dip (which might actually end up happening.. but you are likely going to be in better shape to really get some solid grasps on your own situation and to attempt to be more conservative, until such time in the future that you got your shit sufficiently together that you actually have a more informed assessment regarding the maximum amount of aggressive that you are able to be, without getting overly aggressive and potentially ending up recking yourself).

IS there any settings here to get notifications when someone call your name or mention you. Because i have to visit this thread to see if someone replied me back or not. I posted on many other topics too but do not if someone has replied me back so without getting into discussions like back to back on WhatsApp we do is not a fun. I am roaming around in search of topics where someone might be called or mentioned me.

I am pretty sure that there are ways to receive those kinds of notifications for when your name is mentioned, but I don't use any of those kinds of services (and I have been criticized for NOT using those kinds of services)... so hopefully, another member can describe those kinds of notice possibiltles.

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

A good thread on raking profits is Rpietila's (Risto) (RIP) 2013 Thread entitled:  (SSS) - A Sane and Simple bitcoin Savings plan

I can't specifically say with others intention but for myself I do plan to hold for long, but what made me mentioned about doubling their money for profits making is when those who weren't belong here had this mentality that bitcoin is being operated as ponzi were they could investment and are well sured to make back their profit within some specific timeframe as they wishes.

These sets of people will never in a day be equated to someone like your personality, although physically I can easily justify their actions and acting words towards bitcoin, considering the economic situation within my country and those who always had of or thought of bitcoin think and have this mindsets to have became Rich overnight without knowing it doesn't function that way. Which is why I said your experience of holding and accumulation strategies and your portfolios can't be simplified or being the same as your own mission and passion to accumulate gradually, while theirs could be for a daily bread and family progress ( selling off their little profits for family benefits and feedings).

You might get lucky, and bitcoin can end up playing out like that.. but it sounds like gambling, and it does not sound like a good way to play with bitcoin.. and of course, people can do whatever they like.

It seems to me that if they are cashing out too soon, they may well end up screwing over themselves, even if in the short term, it feels good to go away with some profits..

so I am not disagreeing with you that people think like that and that people employ such short-sighted strategies in regards to how they are in bitcoin.

By the way, in my own situation, i had frequently thought that bitcoin might be able to outperform my various other investments, which on average between about the early 90s and 2013 (when I got into bitcoin), I had calculated that my overall investment portfolio (the good, the bad and the ugly) had ended up performing on average around 5.5% per year, so I thought that if my BTC could at least reach some kind of similar level of performance on average, then I would be happy with my investment..

And surely in the beginning I had most thought about at least 2 years investing into bitcoin, and surely until now, I am getting close to 10 years, so I currently suggest that bitcoin is a better investment thesis than it was in late 2013, and therefore, I recommend that people mostly consider bitcoin in terms of a 4-10 year or more investment..and surely you (or anyone else) have options if bitcoin goes up in price in the short term.. but you might still end up selling too much too soon.

Well, my journey here has just evolve and I will keep striving and pushing harder to make sure In time to come I won't come yelling for my non being able to utilize the opportunities. Let say for instance they way you did and yet you keeps stacking up without even considering the percentage increase and decreased, well I must say I give a maximum respect to you and there is always a knowledge and a keynote to drived from you whenever I came in counter with your post and feedback, I don't hesitate to read even though it takes me time to comprehend all you put down I know I am gaining a very strong knowledge that will sharping and shaping me mentally and physically, as believe knowledge is what keeps us sailing and there's no day I can boast of without you putting in front line as someone who has made us understand importancy of belonging to a very broad community like Bitcointalk.

Yeah... but I am in a bit of a different situation.. because when I came to bitcoin in late 2013, I had already established a pretty decent investment portfolio in other things, so when I got into bitcoin, I had created a strategy that included a budget for 6 months and a strategy of accumulating BTC for 6 months based on that budget and reassessing, and then at the end of those 6 months, I pretty much decided to continue a very similar strategy for the next 6 months, so it was not until the end of 2014 that I reassessed, and I decided that my target for BTC should be 10% of my total investment portfolio (which I had largely reached during my first year investing into bitcoin)...

I don't want to necessarily repeat my whole history, but I do still frequently discuss that people need to get through their accumulation stage first before they get to their maintenance stage and/or their liquidation stage, and it is not exactly like the stages are completely exclusive of each other since I had thought that I had mostly gotten through my accumulation stage in my first year into bitcoin, but I still do end up accumulating bitcoin from time to time, even though now I consider myself to be more in my maintenance stage, and I am not even afraid of engaging in some liquidation.. even though I am not too aggressive about any kinds of liquidation actions that I might carry out.. ..

and at the same time, I personally end up talking about BTC accumulation.. since that is likely the place where most (sure not all) members are, and sure some of the members are already in or starting to get to maintenance stage and even the liquidation stage, but the vast majority of members and people in the world are in accumulation stage or should be in accumulation phase, since we still ONLY have less than 1% world wide adoption and even those people who hold bitcoin, likely do not have enough.

And, don't get me wrong, since I hardly give any shits if people decide not to buy bitcoin or to get some kind of a stake in bitcoin whether that is between 1% and 25% stake in bitcoin or some other stake, the decision is upon them to figure out if, when and how to get in... while at the same time, I surely don't mind sharing ideas and experiences for people who are interested in the topic, but it still remains their choice regarding how exposed that they want to be to bitcoin and how they might manage their approach in light of their own personal circumstances.

[edited out]

Yea,I also believe so that a newbie like me can choose to invest 5% of my income into bitcoin but after one year and my believe for bitcoin increases,I can increase my investment to 10% and so on every year respectively. Practice makes one perfect and the more years passes on as long as am not selling and have plans to hold for let's say 10 years. You will see it that I will have a buying strategy which I can adopt to accumulate more bitcoin based on my the channels of my cash inflow.

I can start with buying at dip at first and later,if I have another means of cash inflow,I come of with a new strategy to do DCA. If I got lucky and have an extra means of cash inflow,which shows that I have three means of cash inflow, I can adopt the strategy of DCA quarterly and also buy at dips too,to enable me accumulate faster before there might be a decline in one cash inflow.

If my cash inflow declines then it is left for me to look for a new strategy that I can use for accumulation again depends on the circumstances around my financial status as that period of time. @JayJuanGee for one to reach the fuck you status as you do say,it will take a very long time because as time passes on fiats depreciates and makes the value of bitcoin to increases,at the same time human wants can never be satisfied. One might think that if I can accumulate 1BTC,it is okay but reaching that journey,one might change his mind to make it 2BTC and accumulation of bitcoin continues.

It seems that you are saying a lot of that correctly, and I think that you can attempt to adjust your strategy in such a way in which you attempt to be as aggressive as you can without being too aggressive that you end up screwing yourself... and maybe yout have a goal of accumulating 1BTC over the next 5-10 years, but it is possible that you might not be able to reach your goal, but sure, if you reach your goal, you can also reassess whether you have enough BTC or if you believe that you are still in BTC accumulation phase and you should continue accumulating...

For sure there are going to be needs to engage in some reassessments along the way that likely relate to your own personal circumstances.

Bitcoin is a long time project that requires a long term patient to be able to enjoy more benefits especially holding to double their money.

Well, if you are thinking so small, in terms of doubling, then you seem to not really be prepared.

There are people who regret selling too much bitcon too soon because they sold at 100x or more profits, but then bitcoin kept going up.

Even my own portfolio is likely around 29x profits, but it had gone up to 69x and it was as low as 15.5x last November, so even within the profits, there can be a decent amount of fluctuation.. and even if I might have shared some threads in the past regarding how to think about beginning to rake profits, and surely each of us has to make our own choices regarding when we might begin to rake profits, and how much profits we might want to rake and in what kind of increments.

If I may get it right from what you are saying,meaning one shouldn't sell his bitcoin for profits but hold on and see bitcoin as part of his lifestyle so that the longer you hodli,the higher the profit multiplies after each circle respectively.

Ultimately, you can do what you want, but it seems to me that if your goals are to accumulate BTC, then the best of the strategies relate to ongoingly buying BTC until you get to a point in which you feel that you have too much BTC... and maybe at that point you might consider that you might want to sell some from time to time, but there tends to be a quite a bit of danger in terms of thinking that you are selling BTC in order to buy back lower.  So my own strategy and perspective over the matter of selling has been to sell only once you have overly accumulated BTC, and then sell such a small amount that it will not matter to you whether the BTC price does not ever go back down.

After I already typed this up, I am realizing that we are not really in the right thread for this kind of a discussion about selling BTC.. but I am just going to give a few ideas, while realizing that this is deviating from the thread topic, and if we want to pursue this line of discussion, we might need to take it to another thread.. and maybe link it here?

Anyhow, you also should not be selling any BTC unless you are clear and unambiguous about your BTC being in profits, and surely there could be ways in which you assess each portion of BTC that you bought, or you might consider your overall average of your BTC holdings... in order to consider how much profits (if any) that you are in in regards to which portions of your BTC holdings.

So you may well be able to figure out some kinds formulas that are reasonable and/or acceptable to you maybe you once your BTC get into 2x or greater profits, then you will sell up to 1% of the value of your holdings for every 10% that the BTC price goes up, and if the BTC price never comes back down, that 1% ends up being money that you can spend whenever you like.. or you can just hold part of some of it for buying back BTC if the BTC price goes sufficiently below the price that you had originally sold them.

Another kind of formula might be that you have already figured out that your BTC holdings are in profits, and your average cost per BTC was $25k or something like that.  For the ease of calculation, lets say that you own 1 whole BTC (of course, you can calculate these matters with smaller units, even with satoshis), so you tell yourself, that once the BTC price goes up above $30k you are going to authorize yourself to sell a little bit of BTC every time the BTC price goes up $1k, and you figure that if the BTC price goes up $1k, then your profits are $1k (since you own 1 BTC), so you can easily calculate your profits, and you decide that the most that you are ever going to sell is going to be 50% of your profits.  No matter what, you are never going to sell more than 50% of your profits for any particular increment of $1k price rise, but you have already decided that 25% would be more reasonable, so every time the BTC price goes up $1k, you sell $200 to $250 worth of BTC... and you consider that you are ONLY taking from profits, and if the BTC price drops 10% below your selling point that you will use that money to buy back. 

O.k... I am realizing that I probably deviated from the topic of this thread too much, since we are not really talking about selling strategies here.. and there is a bit of a presumption that many of us are mostly in variations of BTC accumulation phases or perhaps getting into kinds of maintenance stages, which still might not really justify selling of BTC.

[rachael9385]

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration. 

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

Yes OP you are absolutely right on what you just said, some short term investors sell at their own time based strategy yes because they have set their mind on not holding for long term, but I think the other way to keep your mind away from selling is not looking at the price anymore, this aways looking at price can cause selling Bitcoin at little lower rate, like if you buy at $29k and it increase to $31.300k then you see and sell, but after selling it increase to $35k or above then you start complain that, I wish I know I wouldn't have sell at that time so I will conclud that keeping your mindset from the price can help accumulate more holding's

[rachael9385]

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.

Holding is never a greed harbit, everybody knows what he or she wants and if @imamusma wants what is more bigger than yours don't take it as greed everyone know what he/she wants, @Rivaldine your words makes me to know that you are a short term investor, but I hope now you know that long term holding is not part of greed, is good when you invest a capital on investment and you start getting profits it's good to invest more on it but if you don't have more capital to invest hold the profits you have earned for longer period, but before joining an investment give your self time for you to sell so you won't rush and sell for lower rate, (time schedule).

[Nwada001]

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.

Before one can make an investment decision, either trusting the project or not should be part of the things to be considered before going into that coin, as there are a lot of fake projects out there whose intentions are just to rug pull.
That is why people are always directed to make their investment decisions wisely and choose coins or tokens that have some credibility. Bitcoin is one of the most highly recommended, and I believe that's where this topic is channeled.

Holding is never to be considered greedy, as we all have our reasons for buying and holding Bitcoin. There are people out there, and their main objective is to just buy and sell and take profit where necessary, which I believe most of the time is not really a good way to go. When it happens that they have hit their price target, instead of taking profit as they had planned before entering the market, they decide to wait longer in order for the gain output to be a little bigger, but when the reverse becomes the case, such an action could be considered greed.
 
But when one's plan is just to buy and hold as many bitcoins as he can afford, even when the price hits ATH, they still decide to hold and accumulate more. That's not greediness; they are actual hodlers who don't care about price but focus on how many they can accumulate within a certain period of time.

[rachael9385]

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.

Before one can make an investment decision, either trusting the project or not should be part of the things to be considered before going into that coin, as there are a lot of fake projects out there whose intentions are just to rug pull.
That is why people are always directed to make their investment decisions wisely and choose coins or tokens that have some credibility. Bitcoin is one of the most highly recommended, and I believe that's where this topic is channeled.

Holding is never to be considered greedy, as we all have our reasons for buying and holding Bitcoin. There are people out there, and their main objective is to just buy and sell and take profit where necessary, which I believe most of the time is not really a good way to go. When it happens that they have hit their price target, instead of taking profit as they had planned before entering the market, they decide to wait longer in order for the gain output to be a little bigger, but when the reverse becomes the case, such an action could be considered greed.
 
But when one's plan is just to buy and hold as many bitcoins as he can afford, even when the price hits ATH, they still decide to hold and accumulate more. That's not greediness; they are actual hodlers who don't care about price but focus on how many they can accumulate within a certain period of time.

It might be that @Rivaldine didn't have a unique purpose for investment, is better a short term investor go into trading than investing Bitcoin because on Bitcoin not having the mindset of long term holding is not advisable in the Bitcoin world, every Bitcoin investors have their own purpose for their investment, so nobody should conclude that long term holding is called greed, if you want to talk about greed just go to gambling discussion's you will find real story of greedy, @Rivaldine I will like you to use the word fear instead of greed because fear make some investors to sell their coins if the digits shifts.

[Wind_FURY]

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration.  

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

Still?  How are we going to know?  Even now, it does seems that we are in a flat and maybe slowly climbing out of the bear market phase, so maybe it is a good time to be buying on dips?  The odds seem pretty good that our $15,479 bottom is in, and the 200-week moving average continues to move up.  It was just below $22k when the May 2022 BTC price fiasco seemed to have begun (or was pretty clearly undeniably in a bear market), but many of us might not have had known that we were in a bear market prior to May 2022.. so there likely were a lot of bitcoiners who were buying BTC at higher than $37k prices prior to May 2022.. and many of them were buying like crazy in the lower $50ks because they were not convinced (or they were convinced) that bitcoin would not go below $50k ever again...

No one can truly know, especially plebs like me, but the point is buying at a discount relative to where the price was than buying blindly at any price point would give the person more value for his money.

and I am not even saying that those kinds of buys of BTC are unreasonable, but sometimes the contradictory nature of a lot of the feelings and sentiments about price may well end up allowing for greater psychological security to just employ various regular BTC buying strategies that focus on regularly buying more BTC rather than trying to guess if the BTC price might be going up or down.. which also may well result in larger amounts of BTC accumulated even if the average cost per BTC may well have had ended up being higher.. but at least the BTC stash was honed into becoming a larger size than the "let's wait and see" approach...

That's why, knowing that Bitcoin has a four-year cycle, I'm suggesting that a time-based strategy might be better? Which if we think more about it, a HODLing strategy might already be time-based, but probably needs to have a time-based strategy for buying.

[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.

Before one can make an investment decision, either trusting the project or not should be part of the things to be considered before going into that coin, as there are a lot of fake projects out there whose intentions are just to rug pull.
That is why people are always directed to make their investment decisions wisely and choose coins or tokens that have some credibility. Bitcoin is one of the most highly recommended, and I believe that's where this topic is channeled.

Holding is never to be considered greedy, as we all have our reasons for buying and holding Bitcoin. There are people out there, and their main objective is to just buy and sell and take profit where necessary, which I believe most of the time is not really a good way to go. When it happens that they have hit their price target, instead of taking profit as they had planned before entering the market, they decide to wait longer in order for the gain output to be a little bigger, but when the reverse becomes the case, such an action could be considered greed.
 
But when one's plan is just to buy and hold as many bitcoins as he can afford, even when the price hits ATH, they still decide to hold and accumulate more. That's not greediness; they are actual hodlers who don't care about price but focus on how many they can accumulate within a certain period of time.

Yes, I agree with this, we have full rights over the decisions we will make. But what must be noted is that we must base this on science. But when it comes to bitcoin then I fully believe, I will not say that I believe once I know btc, it must be a long journey for me to make me sure that I am not wrong to invest in bitcoin, and in the end now I am truly confident in the bitcoin that I hold, unlike the case when I invest in other coins, I do not put full trust, therefore I always make short-term investments only.

I would not recommend for people who half-heartedly invest in bitcoin in the long run, the article will be a risk that might turn around that should get a profit instead get a loss, because of several things, they panic, they are affected by FUD and other things that make them sell bitcoin at a lower price than the price they bought, including also on less mature planning.

Remember here we are not fighting luck, but we are in a situation where we have to hold strong, and that will certainly be very related to our planning at the beginning.
It would be a shame if we had to stop in the middle of the road because our planning was not well-organized.

[Dictator69]

Of course, you are rephrasing the subject of bitcoin strategy differently than how I phrased it, so I am not  sure if we are thinking about the matter the same, or maybe I am just misunderstanding how you are rephrasing the topic.

It seems that part of the essence of what both Odusko and I had been attempting to say is that within a 10 year or longer investment journey, there is likely going to be a lot of balancing and rebalancing of strategies along the way, and perhaps even needs to tweak strategies based on changes in your own personal situation, that may or may not end up involving your view of the underlying asset (in this case bitcoin).   

I understood what you are tried to said, my purpose was not to just rephrase it instead i was relating odusko's post with your's suggestion and as far as i think, i didn't rephrase the post i wrote it as you said. Other than that, i totally understand the meaning of both of your suggestion and if i rephrase it or write it in my own words then it will be like do not fall prey to market sentiments like FOMO, FUD etc.

I am not exactly sure what you meant by the idea of 10% for 10 years versus the other ways of accumulating 1 years worth of an investment portfolio, because when I used those numbers, I was trying to suggest that if any of us might choose to put in 10% of our salary per year, it is going to take us 10 years to reach ..........

Yes dear i also tried to say the same i think my English is getting weaker so please forgive me for that.

Invest with what you could lose to afford. Is the saying i have heard a lot in short period of time so, i am taking care of my personal expenses first before jumping into investing in BTC. But currently market is full of FOMO for me. Like i don't think i would  get this opportunity again.

Let's say that you have a rough idea for your cashflow, and you think that you might be able to be somewhat aggressive towards bitcoin and to invest $6k over the next 6 months, and you might even be able to front load that investment.  However, you are not really sure because you have not really analyzed your finances very well, and you have a lot of debt and some uncertainties with your cashflow.

Noted, its a good advice i will try to follow it. Thanks.

I am pretty sure that there are ways to receive those kinds of notifications for when your name is mentioned, but I don't use any of those kinds of services (and I have been criticized for NOT using those kinds of services)... so hopefully, another member can describe those kinds of notice possibiltles.

Why, is it something bad in using them? or is it you who do not use them for criticization only. Well, how could i make everyone to read my post because currently i am mentioning you and no other person will try to read it as they only read the post (obviously) in which they are being mentioned. Well i am bolding my request maybe someone help me out here. How could i get notification whenever a member will mention me?