Buy the DIP, and HODL!

[Samlucky O]

Bitcoin is on the rise now and this is an indication of bull market. And now that bitcoin is $34k to $35k those who want to buy and hodle, this is the best time to invest. Those who indicate interest to invest on bitcoin in my location came to meet me yesterday and I told them the factors involved. I told them both the benefits and the risky. Early is the best.

We should try as much as possible to see that we take advantage of this bear market while the market is fast rising to make our own Investment with bitcoin, we can as well learn to earn from it, this is a preriod whereby some are already being positively emotional about their Investment because they have long time ago Invested while we experience the dip at #15,000 the market is standing in between 34,000 and $35,000 and anything can happen hence that we see the market rising towards $38,000 to $40,000 before the end of the month, if we Invest now, the future ahead awaits our decision today if we are really going to beba partaker of the next bull.

It is best if we make due diligence investment decisions when the Bitcoin market is bearish. If we have such a plan to buy from the low market and sell in the high market to earn money, then we must learn the market trends and strategies. And if it is not long, term plan then we should invest and hold so that we can earn from it in the future. Those who have already invested for the future must think positive for the purpose of profiting for the future as currently the Bitcoin market is at $35000. And those who invested during the time of $15k must-have got good amount of profit and able to earn now. Currently, as the market position is moving towards a good position and the climate of complete change is seen in the market, we can definitely say that Bitcoin will touch $40k dollars by the end of the year. So if we invest from the current market then we have a plan to earn in the next bull season so that we control our emotions and be patient.

You talk like you definately know what you are saying. Bitcoin bullrun is never predicted in anywhere as much as I know. Even if, there is no guarantee of a certain amount of $40k. Bitcoin price is mearly base on absumption. Not prediction. So let us not build our trust on a false hope which might cause psycological or mental trauma when it didn't turn out the way we might have hoped.

I doubt that the line is as thin as you are making it out to be.  Sounds like you are a trader, even though it seems that your goal is to accumulate bitcoin, but if you are fucking around with your whole stash that would be pretty messed up.  We likely need a few more details regarding what are you doing once a month with these buys and sells and whether you are religious about it with a system and if you might have a main holding stash or if you are just loosey goosey about the whole thing. then seems like you are a trader.... but if you are ONLY playing around with less then 5% of your stash, then it might be a bit more ambiguous regarding what you are.. .. but you ahve to figure out how much you are holding. and it has to be more than 50% or probably even more than 90% before you are going to start to fall into the HODLer category rather than a trader category. 

The punchline is that more details are needed, and each of us might categorize these matters differently, even though I doubt that the line is as fine as you are seeming to suggest it to be merely because you are wanting to trade but still call yourself a HODLer.

My main goal is to increase my BTC count by maintaining 50% bitcoins 50% usdt. And depending on the price on the market, my pending orders change the state of the deposit - this can lead to a share of 95% of Bitcoin, and vice versa - 95% of USDT. Ultimately, the strategy still strives to make it 50/50. I understand that in this way, in a full market, I will not get all the cream from the price of Bitcoin, just as if it falls, it will not hurt me like those who are 100 percent in Bitcoin. How did I come to these views on accumulation? Since 2017 I have been a Bitcoin holder, I have waited and waited. And when the price became 65k, I didn’t even transfer part of the money to USDT. I believed that the rocket would fly further. But the rocket flew down. And I realized that it’s pointless to just hold it, market fluctuations can be used to increase the share of BTC, and at the same time not shake with fear over the schedule. I do not claim that the strategy I described above is correct. But I came to this, and these are my views. I gave you guys, my arguments. I'm a trader who doesn't trade much. I am a holder who sometimes buys and sells because the funds have to work.

You have been involved in investment since 17 years so there is nothing new to tell you about investment as you know all the ins and outs of investment. You invested in 2017 and still didn't sell your investment when the price of Bitcoin touched $65,000. 
After the price of Bitcoin touched the highest $65 thousand you felt that you should hold your investment for a longer time and you did. Since you have not sold your investment even after the price of Bitcoin has hit a record high, there is nothing to discuss with you whether your investment is long-term because you are a long-term Bitcoin holder. You should not think that it was a bad decision not to sell your Bitcoin when it was worth $65,000. I would say in the context of that time you made the right decision because the market was very positive at that time and the Bitcoin market was approaching $100,000 at that time no one could sell their investment even if they wanted to. 

We missed out on a $65k opportunity but better things await us ahead. The market is now positive and the expectation is that the Bitcoin market will touch $50000 in early 2024 and the price of Bitcoin will increase gradually thereafter and I have held my investment on that assumption. I am never disappointed in holding my investment because I believe that if I hold my investment I will definitely get good returns at some point.

Bitcoin is not stable, and predicting it's price will cause more problem to you when you don't get back in return what you expect. Even as many of us always talk about buy dip and hold, I also think some are mearly following the trend  but thinks of how to make profit in coming bullrun. And this is the reason see people are buying the dip and hold otherwise. And it's a wrong interpretation of the Dip and hold. Note: I am not referring to you but using this as an example to explain to others.

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[Wind_FURY]

Written by Nicholas Jackson.



Who like many of us, including me I tried "day-trading" shitcoins, that LEARNED THE HARD WAY.



I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important invention of this century.

 

Buy the DIP and HODL, especially those DIPs that make Bitcoin crash below the 200-Weekly SMA.

[Justbillywitt]

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.

[Agbamoni]

Written by Nicholas Jackson.



Who like many of us, including me I tried "day-trading" shitcoins, that LEARNED THE HARD WAY.

Fuck! shitcoins, it shouldn't be given any more attention. The temptation was trying to get them early for those sweet gains 100X, 200x, 500x or even 1000x, but unfortunately only for them to be a rug pool. Only 3% of day traders make profit from trading shitcoins. So we dont have to try it all, by trying to day trade shitcoins we have removed a fraction of money we would have use for Bitcoin.

I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important inventions of this century.

 

Buy the DIP and HODL, especially those DIPs that make Bitcoin crash below the 200-Weekly SMA.

Quite an unfortunate individual, Nicholas Jackson had the privilege of learning about Bitcoin earlier and even completed some Bitcoin related courses. Well, he did not invest or take part in the success stories of Bit coiners from seven years ago. I believe he has some doubts about Bitcoin. Knowing about Bitcoin technology is one thing, but believing in the technology is another. Only true believers are the ones who go the extra mile for Bitcoin. His disbelief caused him to halt his journey.

Buy the DIP and HODL, especially those DIPs that make Bitcoin crash below the 200-Weekly SMA.

This is 100% correct. However, it is nearly impossible to predict the future. What I mean is that, while buying the dip is important, buying at a good value is also important. This means the focus should be primarily on the current price and the price you are speculating it to be in the future this drives you to DCA and accumulate more. Trying to time the market is not really necessary, especially when you are a Longterm investor.

[Frankolala]

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.

Waiting for the dip or timing the dip has brought regrets to investors who uses only this method and it has made not to be able to accumulate a good amount of bitcoin because it is hard to know what price is the minimal dip. Investors that don't have any problem when they are waiting to buy at the dip are those investors that have reached their bitcoin target or almost close to their bitcoin target, by then they can choose to slow down in their bitcoin accumulation and might see the regular DCA approach not necessary anymore. But a newbie who has just started his bitcoin journey or a low coiner shouldn't wait for the dip because he might end up missing out. It is better that your bitcoin investment keep increasing fradually than you are just waiting to buy once in a while wjich you are not too sure of the right time to buy.

I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important invention of this century.

As for Nicholas Jackson, who has every knowledge about bitcoin on his nose and could't take the opportunity to benefit from what he has learnt, is like some people in the forum who feel that it is better to know everything about bitcoin before investing, they might end up not having any satosho, because anyone that believes in bitcoin will buy even as he is learning so that he can have an experience of the market and the ups and downs of the market to become better by tomorrow. Nicholas Jackson missed the biggest opportunity of buying bitcoin and making profit from his investment because he failed to put down the theory that he learnt into practice. To me I see it as a wasted knowledge because he couldn't benefit from what he learnt.

This is why it is good to invest in bitcoin when you have known the basic knowledge of bitcoin and learn the rest knowledge along side as you are hodling and increasing your portfolio with DCA frequently. So that we don't see ourselves as someone that have all the knowledge of bitcoin but have nothing to show for it.

[jcojci]

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.

It is very difficult to identify a dip. You may only encounter a drop in the price of Bitcoin within a certain range and start buying it. But that doesn't guarantee that the price will immediately increase because often, the price continues to decline. If you trade, you should anticipate this by dividing your buy order into several parts so that if there is a downturn, your buy order will be filled.

But if your goal is a long-term investment, you can buy every dip. But it is also not recommended because it will use up your capital for that day and you will not have any other capital for the next day. And it will depend on how you can adjust your capital in buying bitcoin.

My advice is for you to buy bitcoin using the DCA method. This DCA method has been proven to help small investors like us buy bitcoin regularly. You can determine when to buy bitcoin, weekly, biweekly, or monthly. You can also determine how much capital you use every time you buy bitcoin.

[JayJuanGee]

[edited out]

This fuck you chat has clearly describe an illustration on  how difficult it will be in trying to achieving a certain amount of Bitcoin in a specific period of time. We often talk about achieving our goal of aquiering 1btc in the shortest period of 5year and 5btc in 10-20years respectively. But regarding this ilustration given shows that time is a factor that one needs to consider. Today price might varies from tomorrow's price. This is a sign of accumulating more now because in the nearest future one need even 30years to mine 1btc. I think I've learned more today and this will also act as a driving force to take advantage of aquiering bitcoin, even as Bitcoin price is unpredictable.

I find the chart helpful for attempting to plan ahead too.. and of course, you can click on the link to see a more full chart, and I had also thought about posting one of those charts with all of the dates rather than having gaps at various points along the way.

The chart might also tell you that you may well not need as many bitcoin as you might think that you need in terms of today's dollars, and if you remain persistent, you can continue to accumulate as many BTC as you are able to accumulate, and surely if you have a goal to accumulate 3 BTC in 10 years, then that might well be close to enough, but with the passage of time, 3 BTC might be enough in 12 years, even though there are no guarantees, and if you end up accumulating more in a shorter period of time, then you might not need to continue to work towards accumulating more.

Of course, I used $2 million as the entry-level fuck you status amount by presuming a western standard of living, and anyone could recreate the chart with their own fuck you status level, if that might be more or less than what I had used as the presumptive entry-level fuck you status.

I also used a trajectory of the 200-week moving average (which is largely the BTC price averaged out for 4 years), and it could end up being the case that the 200-week moving average does not move up at such a high rate as is projected in the chart, but the use of the 200-week moving average is an attempt to measure the bottom of the price rather than the top, so for people who are mostly continuing to hold their wealth in BTC, they might not want to get too much false optimism if the spot price fluctuates a lot and so there could be times in which some BTC are cashed out at prices that are much higher than the 200-week moving average, but if many of us might be considering holding quite a bit of our wealth in bitcoin, it is probably going to ongoingly important to try to figure out BTC price bottom measurements rather than top measurements.

[Sayeds56]

I also used a trajectory of the 200-week moving average (which is largely the BTC price averaged out for 4 years), and it could end up being the case that the 200-week moving average does not move up at such a high rate as is projected in the chart, but the use of the 200-week moving average is an attempt to measure the bottom of the price rather than the top, so for people who are mostly continuing to hold their wealth in BTC, they might not want to get too much false optimism if the spot price fluctuates a lot and so there could be times in which some BTC are cashed out at prices that are much higher than the 200-week moving average, but if many of us might be considering holding quite a bit of our wealth in bitcoin, it is probably going to ongoingly important to try to figure out BTC price bottom measurements rather than top measurements.

Using 200 weekly moving average is an effective idea to measure the bottom of the price trends. In deed it is sound approach for long term investors. It also helps to filter out short term price volatility and provides more stable reference for assessing the overall trend, and long term moving can also help to identify sustained  upward or downward trends.

[JayJuanGee]

To be long term holding in bitcoin and keep accumulate as how many possible depend on your financial condition you must have long term target and how much profit from current bitcoin price to sell, for my self never sell my bitcoin daily day investment before raising more than 50% of current price I bought, keep hold it and accumulate every day during still not raise with my selling price target.

Surely you are neither thinking very long term about bitcoin, and you also seem to have pretty low expectations regarding bitcoin's upside potential if you are selling much of your bitcoin for such low levels of profits, and yeah, we are not talking about selling here, and yeah, people can do whatever they like, but seems pretty low and it also seems that you will likely be regretting selling way too much too soon... but hey, whatever, do what you like.

Written by Nicholas Jackson.

Who like many of us, including me I tried "day-trading" shitcoins, that LEARNED THE HARD WAY.

I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important invention of this century.
 
Buy the DIP and HODL, especially those DIPs that make Bitcoin crash below the 200-Weekly SMA.

I don't know what any of that means, because the article that he wrote was from 2011, and so maybe he was denying the whole of bitcoin since 2011.. but at the same time, supposedly he got a bitcoin/crypto course in 2016.. so yeah, nay sayers will sometimes have several touching points with bitcoin, including sometimes changing their minds and/or changing their chosen allocations..

For sure, it is likely that we can recognize and appreciate anyone who might have gotten involved in BTC 7 years ago would be sitting quite pretty right now, even if they might have done so in a DCA way rather than lump summing in.. ..  DCA'ing at $100 per week would have had resulted in $36.6k invested and around 6.35BTC; however since the BTC price was less than $1k in late 2016, lump summing would have gotten more than 36.6 BTC for the same amount spent.. So method of investing sometimes will depend upon whether funds are available.

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.

Well you are likely too smart for yourself, since it is best to start investing in bitcoin as soon as you can, and then just invest for 4-10 years or longer, but you are free to do whatever you like, including sitting on the sidelines and watching everyone else get rich without you... including having fun staying poor.

Of course, there are no guarantees in bitcoin, so you may well just choose to watch it and wait for dips rather than actually doing something in terms of getting into it... In other words, your words and ideas don't mean hardly anything if you just sit on your hands.

There is an expression "time in the market is better than timing the market" which largely means that it is better to just get in and be persistent in your BTC accumulation, and then perhaps 4-10 years or longer down the road you can figure out if you are in a better place than you would have had been without investing into bitcoin. 

If you are capable, try to think longer term and take actions in that direction, including buying BTC weekly.. $100 per week, and if you cannot afford that much then adjust down to whatever you can afford, including $10 per week if that works for you.   There should be no needs to continue with than dumb little ideas about whether you believe the BTC price might go up or down in the near future... and while you are buying BTC on a weekly basis in the coming years, study bitcoin as an idea and continue to invest and maybe adjust your approach to bitcoin based on having had learned rather than dabbling with superficial ideas about what someone (who you don't know) on the internet might have or might not have had said.

[BABY SHOES]

I am excited with current bitcoin price keep going up last several days and success raised above $35k, but its can't stoppable my main target keep accumulate in bitcoin despite many people mindset right now bitcoin on higher price. I worry with many people mindset exactly when bitcoin have lower price they are worrying for investing or keep accumulating and prefer waiting with another lower price, but their expectation was wrong with bitcoin success raise to higher and many of them have classic question "its late to invest in bitcoin today?"

Don't know if I should be happy or not when the price of bitcoin has touched more than $35,000 now, not thinking too much about selling as well as watching the market movement, it will only become restless if it continues to stare at the chart screen.

When the money is available I want to keep pressing the buy, buy, buy button every week, no matter what the price is the accumulation of DCA is important to keep taking the average price of the dollar that is put into bitcoin, when you wait for a low price it is certain that it will be boring to wait for it I don't think there is a need to worry when the price of bitcoin continues to rise or for fear of missing out, but the important thing is that you have to keep pressing the buy button when the funds are available to buy bitcoin regardless of price.

[summonerrk]

It is good to have thought through your strategy and make sure that it fits for your situation, and surely here we are not getting so much into trading strategies, but sometimes it is important to figure out a kind of psychological balance that works, and since you say that you are striving to accumulate BTC, then you may well be continuing to add funds to your accounts as well?   It is more difficult to build your account merely by trading back and forth between BTC and USDT... so I don't really mind the idea of it, and even something like 70/30 BTC/USDT might seem more practical to me, but surely a variety of your individual factors are going to matter.. including how long that you have been stacking sats...

so if you have been stacking sats for a long time (gosh even if we go by your forum registration of more than 7 years ago), then it would make less sense to have your funds so skewed in favor of USDT, and I remember some times in the past (in around late 2017) that my funds had gotten into the ballpark of 90% BTC and 10% cash, and I was feeling like I had way too much cash, but that was when the BTC price was going up, so I was shaving off some BTC along the way up, so I could see that there might be times that a person will shave off BTC on the way up, and then get towards higher levels of cash as contrasted with BTC, but I still have some troubles understanding the justification to try to maintain 50% cash (or USDT),

so I suppose just on the face of it, it seems to be me that you might not be very strongly convicted in terms of believing in the power of BTC... because we know that the dollar (and thus also USDT) is in a situation in which it is inevitably losing a lot of purchasing power on a regular basis.. sure they try to say that it is in the single digits, but it also depends on what you are trying to buy, so it seems to me that in the coming years bitcoin is poised to do quite a bit better than the dollar and the rate that the dollar is losing purchasing power.. but surely at the same time, there can be a lot of up and down along the way to see how it plays out and also various periods of time in which bitcoin may end up doing surprise exponential UPward price moves that never end up really recovering (or dipping back down), and then you could end up regretting that you had chosen such a seemingly relatively whimpy bitcoin allocation.

I did not have the opportunity to engage in such accumulation of BTC, since due to personal reasons I had a break of several years (about 4), and I returned to the forum and to active accumulation less than a year ago. I agree with you that 50 percent may be too high a share for such an ethereal token that is added to the owners' accounts with the snap of a finger. 40 and even 30 are quite fair.

I doubt that the line is as thin as you are making it out to be.  Sounds like you are a trader, even though it seems that your goal is to accumulate bitcoin, but if you are fucking around with your whole stash that would be pretty messed up.  We likely need a few more details regarding what are you doing once a month with these buys and sells and whether you are religious about it with a system and if you might have a main holding stash or if you are just loosey goosey about the whole thing. then seems like you are a trader.... but if you are ONLY playing around with less then 5% of your stash, then it might be a bit more ambiguous regarding what you are.. .. but you ahve to figure out how much you are holding. and it has to be more than 50% or probably even more than 90% before you are going to start to fall into the HODLer category rather than a trader category.  

The punchline is that more details are needed, and each of us might categorize these matters differently, even though I doubt that the line is as fine as you are seeming to suggest it to be merely because you are wanting to trade but still call yourself a HODLer.

My main goal is to increase my BTC count by maintaining 50% bitcoins 50% usdt. And depending on the price on the market, my pending orders change the state of the deposit - this can lead to a share of 95% of Bitcoin, and vice versa - 95% of USDT. Ultimately, the strategy still strives to make it 50/50. I understand that in this way, in a full market, I will not get all the cream from the price of Bitcoin, just as if it falls, it will not hurt me like those who are 100 percent in Bitcoin. How did I come to these views on accumulation? Since 2017 I have been a Bitcoin holder, I have waited and waited. And when the price became 65k, I didn’t even transfer part of the money to USDT. I believed that the rocket would fly further. But the rocket flew down. And I realized that it’s pointless to just hold it, market fluctuations can be used to increase the share of BTC, and at the same time not shake with fear over the schedule. I do not claim that the strategy I described above is correct. But I came to this, and these are my views. I gave you guys, my arguments. I'm a trader who doesn't trade much. I am a holder who sometimes buys and sells because the funds have to work.

You have been involved in investment since 17 years so there is nothing new to tell you about investment as you know all the ins and outs of investment. You invested in 2017 and still didn't sell your investment when the price of Bitcoin touched $65,000.  
After the price of Bitcoin touched the highest $65 thousand you felt that you should hold your investment for a longer time and you did. Since you have not sold your investment even after the price of Bitcoin has hit a record high, there is nothing to discuss with you whether your investment is long-term because you are a long-term Bitcoin holder. You should not think that it was a bad decision not to sell your Bitcoin when it was worth $65,000. I would say in the context of that time you made the right decision because the market was very positive at that time and the Bitcoin market was approaching $100,000 at that time no one could sell their investment even if they wanted to.  

We missed out on a $65k opportunity but better things await us ahead. The market is now positive and the expectation is that the Bitcoin market will touch $50000 in early 2024 and the price of Bitcoin will increase gradually thereafter and I have held my investment on that assumption. I am never disappointed in holding my investment because I believe that if I hold my investment I will definitely get good returns at some point.

I love your positive attitude and your quality of looking for the good in things like this.

Bitcoin is not stable, and predicting it's price will cause more problem to you when you don't get back in return what you expect. Even as many of us always talk about buy dip and hold, I also think some are mearly following the trend  but thinks of how to make profit in coming bullrun. And this is the reason see people are buying the dip and hold otherwise. And it's a wrong interpretation of the Dip and hold. Note: I am not referring to you but using this as an example to explain to others.

There is an axiom in my thinking, based on which the entire strategy is based. Bitcoin will always recover and come back at a high price. Therefore, everyone who bought it at any price must wait and sooner or later they will receive the benefit. They will definitely get it. Therefore, I am very happy when the order ladder is triggered when the price decreases and cheap BTC are bought. At such moments, I am sure that everything is being done correctly.

[Salahmu]

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated.

As a beginner who just start investing on Bitcoin I don't think looking for the right dip before investing on Bitcoin is the right decision because you could end up not investing on Bitcoin at all, but however one of the challenges of most beginners is that they always feel that price of Bitcoin has gone way beyond there reach, on the contrary it doesn't work that way because you could accumulate Bitcoin with any amount you feel is well suitable for you.

However a friend of mine had similar experience as you, however he was influenced by speculation about Bitcoin that it will drop from when it was $27k to $24 so he decided to wait for the dip so that he could start accumulating but little did be know that Bitcoin price movement can never be predicted so however instead of the price to dip it continues rising and now he began to imagine how much Bitcoin he would have accumulated by now if had utilized the opportunity then.

So perhaps during the time you were busy trying to identify the dip, if you had channel the energy on accumulating Bitcoin by now you would have a reason to smile while watching your investment.

[Agbamoni]

I don't know what any of that means, because the article that he wrote was from 2011, and so maybe he was denying the whole of bitcoin since 2011.. but at the same time, supposedly he got a bitcoin/crypto course in 2016.. so yeah, nay sayers will sometimes have several touching points with bitcoin, including sometimes changing their minds and/or changing their chosen allocations..

This is why it is crucial to avoid believing everything the Bitcoin preachers say online (Blog site, YouTube, X and more). Most of those sayers are seeking attention and followers. Sometimes, their posts and articles can be misleading and may cause you to change your initial perspective of Bitcoin, which was correct. Consider the scenario, where Nicholas wrote an article stating that Bitcoin should be avoided, but after a few years, he changed his stance and started learning about Bitcoin. There is no point looking up to random individuals who haven't accomplished much in the Bitcoin world and say, "Oh yeah, that's my role model"? That's what some people do. No one knows what the future holds for Bitcoin, and once we realized that then we won't listen to the sayers and preachers anymore.

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated.

As a beginner who just start investing on Bitcoin I don't think looking for the right dip before investing on Bitcoin is the right decision because you could end up not investing on Bitcoin at all, but however one of the challenges of most beginners is that they always feel that price of Bitcoin has gone way beyond there reach, on the contrary it doesn't work that way because you could accumulate Bitcoin with any amount you feel is well suitable for you.

I totally agree with you, Salahmu. Simultaneously, waiting for the dip to occur, Bitcoin will continue to set new records, whether on the upside or the downside. It can be somewhat of a waste of time, especially for new investors. This is because, in the process of waiting for the dip, it requires luck to catch it, and a lot of time and energy will be dedicated to it. This efforts can be exacted in regular DCA and even you can wait for the dip why DCAing.

[Cryptomultiplier]

The prerequisite for investing and holding it for long is to first build courage in your mind and develop the mentality to take maximum risk in the right place. When you have courage in your mind and inclination to take risks, you can invest and hold it for a long time.

Keep your investment for long term and set yourself a goal I tell you your investment will never let you down but will give you better than your expectations.

While you make a plan to hold and be able to get more bitcoins for yourself, many obstacles will come along the way to make sure that your target is missed. As you plan, make room for flexibility when necessary, so if your plans go sideways, or is being wrecked by challenges, you will only be bothered by change in plans, not a change in goals that you have set for your investment. Changing the plan happens, but changing the goal of investment should not happen except it is to set a higher goal.  

The financial foals should be parted into two, short-term and long-term goal then only it is possible to achieve them one by one but most of the retail investors including crypto community set their goals longer but they miss to see the obstacles in the near future such as sudden changes in the market which will make them to panic and make wrong choices which will go against what they planned initially.

Yeah, but we are not talking about crypto here.  Fuck crypto.  We are talking about bitcoin in this thread, and quite a few of the long term principles fit with bitcoin, but if you try to apply the same principles to some vague bullshit ideas and who the hell knows what you are even talking about if you use the term "crypto?"  

If you meant to say "bitcoin" then why didn't you in order that we can at least know what you are posting about?   Are you posting about bitcoin or something else?  You did not use the word bitcoin at any one point in your post.

There are people who still apply the principles of investing in bitcoins to every other cryptocurrency. It is a big mistake because due to the misunderstanding, so many people find themselves holding on to many useless cryptocurrency because they heard or read a certain advice to bitcoin investors to hold their coins as long as they can, so they think that it is applicable to cryptocurrency in general. These people are exerting energy to keep the wrong coin, and they will surely regret their actions when they learn their mistake.

I agree that we shouldn’t waste your time on anything other than Bitcoin. I believe that even if he showed himself poorly in the moment with the Ordinals, his price will fly into the sky in any case, even if it takes many years. Even then, it will be ranked as the number one rare cryptocurrency. Therefore, my faith in him is strong.
I believe that the line between a trader and a holder is very thin. Yes, it lies in the frequency of transactions in the market. But if I can buy once a month with a pending order at the lows, and once a month sell at the highs (rarely too) - am I a holder or a trader?

A trader has more exposure to the crypto currency market than a regular holder would because of the frequency of interacting with the Blockchain for transactions.
A holder knows nothing more than to HoDL and if they are disciplined enough, can and should HoDL for a couple of years without paying heed to market trends of whale signals or halving in the least

A holder would buy the dip or buy otherwise because they believe more in the outcome than in the currency market situation.

[Fauderz]

It all depends on yourself and I don't think it's necessary to feel that your country alone has problems in the economy because for now almost all countries feel the same way but that's not the point, I think the point that needs to be emphasized in the current conditions is how you manage your money because in the end the current benchmark is not to the country but to yourself who must survive with all the circumstances  that occur.
As long as you believe and want to invest in bitcoin then you definitely know what you will do. 30 percent of income if it feels too big then you can reduce it to 20% or 10% according to your own strength.
Many here are married but in the end they can still do DCA consistently. This indicates that belief can make us think more broadly and not only fixated on economic conditions because in the end when good management is done and you know how much income and expense from your income actually it can be a gap to make some changes if you want to invest and it depends on yourself whether you want or not to invest.

A man must have a future, so he must participate in investments thinking about the future. Because my country is dealing with a lot of economic conditions (all countries are suffering from economic problems all over the world) the bank money is being taken over by the government. Currently holding fiat currencies is not safe at all, so investing in bitcoins is a must. Investing in Bitcoin is of course the claimant to the property itself. And those who do not have savings, it is better to invest 10% to 15% of their monthly income in DCA method according to their monthly or weekly income. Because investing in Bitcoin will definitely increase your wealth, it is more profitable to invest than to keep your savings.

Actually in this case when talking about investment it is a choice and indeed if we can do it then why not.
Regardless of whether or not fiat is safe at this time we must realize that fiat is the greatest power but investment can indeed be a necessity without leaving fiat because after all for everyday life fiat is still very much needed.
I will not leave fiat in this case because it is also impossible because fiat still has full power, especially to support life but for investment, especially in bitcoin, it is a different story. Do not merely when you are in bitcoin you forget and consider fiat bad because in the end when looking at the situation in everyday life fiat is still a primary factor if categorized as a necessity.

As long as you believe and want to invest in bitcoin then you definitely know what you will do. 30 percent of income if it feels too big then you can reduce it to 20% or 10% according to your own strength.
Many here are married but in the end they can still do DCA consistently. This indicates that belief can make us think more broadly and not only fixated on economic conditions because in the end when good management is done and you know how much income and expense from your income actually it can be a gap to make some changes if you want to invest and it depends on yourself whether you want or not to invest.

someone that doesn't have an investment mindset will always find excuses to give to support his belief. Your mentality plays a great role in determining the kind of decision we make, while some can decide to invest like 20% of a months salary and hodl and just forget that such amount ever enters there hands others will be considering the immediate thing they can do with such amount. If in the long run, they investment pays off, the later regrets his inaction while if it doesn't pay off, since you've already counted that money as gone you won't feel that bad. That's the reason we are advised to invest with an amount we can afford to loose without any serious effect on us.

Therefore, we must have a careful strategy from the beginning so that in the future the needs we need and the ongoing investment (DCA) are not disturbed. 20 percent is not the initial benchmark because if in the end if we are not able to be consistent in the future, why force something that is difficult for us to guarantee so that initial management of finances and planning in investment must be decided carefully from the start.
If we set too much from the beginning, for example 30 percent or 20 percent but are not able to be consistent, it will also be not optimal so it needs further emphasis on whether we are able to invest with an amount of 30 or 20 percent for the long term or not. If in the end this is burdensome then reduce it so that you are able to be consistent but on the other hand you are also able to support the needs of the life you live.

[Onyeeze]

Bitcoin price is moving up gradually and if you know that you are interested for investing in bitcoin I believe this is the normal time we can invest in the bitcoin, so their no time we invest that is waste of time but the problem is to know when is dip so that you will make a profit in cryptocurrency investment, things I know of bitcoin is that we are not supposed to be believing in the speculation of bitcoin because speculation is one of the things that makes people to invest when they are not supposed to invest in bitcoin

[Roseline492]

Bitcoin price is moving up gradually and if you know that you are interested for investing in bitcoin I believe this is the normal time we can invest in the bitcoin, so their no time we invest that is waste of time but the problem is to know when is dip so that you will make a profit in cryptocurrency investment, things I know of bitcoin is that we are not supposed to be believing in the speculation of bitcoin because speculation is one of the things that makes people to invest when they are not supposed to invest in bitcoin

Of course you are right because as an investor we shouldn't allow speculation to influence our investment decisions but however if you must listen to it perhaps you should see it as a motivator that reminds you of the good opportunities offered by Bitcoin.

However in as much as we feel speculation is bad or it influences people decisions in times of investment but there are also people who are inspired to accumulate Bitcoin base on the informations they are hearing from several people so to them speculation is the best.

[Samlucky O]

For sure, it is likely that we can recognize and appreciate anyone who might have gotten involved in BTC 7 years ago would be sitting quite pretty right now, even if they might have done so in a DCA way rather than lump summing in.. ..  DCA'ing at $100 per week would have had resulted in $36.6k invested and around 6.35BTC; however since the BTC price was less than $1k in late 2016, lump summing would have gotten more than 36.6 BTC for the same amount spent.. So method of investing sometimes will depend upon whether funds are available.

You are very correct I think BTC price was lesser as at the earliest 2016 when the price was either 354.91 or less. Those who applied the DCA would be pretty ok by now the goal of aquearing more might not be too necessary because late investors are striving to enven aquare at least 1 BTC in 2-3years where as tthe old investors have the coin and only expect it to climb the ATH.

Bitcoin price is moving up gradually and if you know that you are interested for investing in bitcoin I believe this is the normal time we can invest in the bitcoin, so their no time we invest that is waste of time but the problem is to know when is dip so that you will make a profit in cryptocurrency investment, things I know of bitcoin is that we are not supposed to be believing in the speculation of bitcoin because speculation is one of the things that makes people to invest when they are not supposed to invest in bitcoin

Are you buying in dip to make profit in a short time or buying dip to accumulate more. Well it's up to you. But I think dip is an advantage for you to aquare more. no time is too late because you might think #35k is too high to be called dip probably tomorrow you regret why not buy at $35k as dip compeard to when the price might have been maybe #40 to $50 or so.

[Litzki1990]

Bitcoin price is moving up gradually and if you know that you are interested for investing in bitcoin I believe this is the normal time we can invest in the bitcoin, so their no time we invest that is waste of time but the problem is to know when is dip so that you will make a profit in cryptocurrency investment, things I know of bitcoin is that we are not supposed to be believing in the speculation of bitcoin because speculation is one of the things that makes people to invest when they are not supposed to invest in bitcoin

To you the current market situation seems like a normal situation to invest but honestly to me every situation in Bitcoin seems good enough to invest. But we can't predict from which stage the Bitcoin market will go. Just as Bitcoin can move from lows to lows, Bitcoin prices can go from highs to highs. We cannot say anything about the Bitcoin market in advance but by researching the market and observing the market regularly, one can predict the market movement to some extent. 
Investing in Bitcoin and holding it deep is a very challenging thing for every investor but those who accept this challenge and hold their investment deep achieve success. 

Ever since my childhood, I have heard a saying from my mentors that if you are patient and focus fully on your goals then you are sure to succeed. I believe this saying and I think it applies to all cases. Like us it takes years to complete a particular course be it your medical course or engineering course. Completing these courses must take a certain amount of time, a student has to put in a lot of hard work, be patient and focus a lot only then he can complete these courses. If a student cannot withstand these pressures and focus on studies, he/she drops out prematurely and cannot achieve success there.

Investing and holding it deeply I think is like completing a certain course in real life. Just as the course is not complete if the education is left before a certain time, if we cannot hold the investment for a certain time, the investment remains incomplete, so we must have a tendency to hold it.

[JayJuanGee]

It is good to have thought through your strategy and make sure that it fits for your situation, and surely here we are not getting so much into trading strategies, but sometimes it is important to figure out a kind of psychological balance that works, and since you say that you are striving to accumulate BTC, then you may well be continuing to add funds to your accounts as well?   It is more difficult to build your account merely by trading back and forth between BTC and USDT... so I don't really mind the idea of it, and even something like 70/30 BTC/USDT might seem more practical to me, but surely a variety of your individual factors are going to matter.. including how long that you have been stacking sats...

so if you have been stacking sats for a long time (gosh even if we go by your forum registration of more than 7 years ago), then it would make less sense to have your funds so skewed in favor of USDT, and I remember some times in the past (in around late 2017) that my funds had gotten into the ballpark of 90% BTC and 10% cash, and I was feeling like I had way too much cash, but that was when the BTC price was going up, so I was shaving off some BTC along the way up, so I could see that there might be times that a person will shave off BTC on the way up, and then get towards higher levels of cash as contrasted with BTC, but I still have some troubles understanding the justification to try to maintain 50% cash (or USDT),

so I suppose just on the face of it, it seems to be me that you might not be very strongly convicted in terms of believing in the power of BTC... because we know that the dollar (and thus also USDT) is in a situation in which it is inevitably losing a lot of purchasing power on a regular basis.. sure they try to say that it is in the single digits, but it also depends on what you are trying to buy, so it seems to me that in the coming years bitcoin is poised to do quite a bit better than the dollar and the rate that the dollar is losing purchasing power.. but surely at the same time, there can be a lot of up and down along the way to see how it plays out and also various periods of time in which bitcoin may end up doing surprise exponential UPward price moves that never end up really recovering (or dipping back down), and then you could end up regretting that you had chosen such a seemingly relatively whimpy bitcoin allocation.

I did not have the opportunity to engage in such accumulation of BTC, since due to personal reasons I had a break of several years (about 4), and I returned to the forum and to active accumulation less than a year ago. I agree with you that 50 percent may be too high a share for such an ethereal token that is added to the owners' accounts with the snap of a finger. 40 and even 30 are quite fair.

We might not be communicating very well, and largely you understand that I am suggesting 70 BTC and 30 USDT .. and i am kind of forgetting about USDT being a shitcoin, since it has around 9 years of existence and pretty reliable pegging to the dollar and even quite a few attacks over the years, so it can be considered similar to the dollar even though yeah there are some potential ongoing issues in regards to its ongoing attacks, but I don't see them rug pulling you or even losing their peg to the dollar absent some pretty major event.. so in that sense, I was not really referring to any concern that might exist regarding USDT's dollar peg.

I was largely referring to your suggestion of an investment portfolio that is investing in bitcoin and keeping such a low allocation - even though surely you can balance those kinds of risks however you see fit.

Since I got into bitcoin in late 2013, I personally, had considered my bitcoin investment in terms of something to add to my various other investments, so I already had an investment portfolio that was decenty diversified into a variety of assets - even though I kind of figured that anywhere I had my money, i had too much dollar exposure, so I initially was looking to invest into something like gold, and so when I first read about bitcoin, I considered bitcoin as a kind of potentially better than gold substitute investment, so in my first year investing into bitcoin, I gave my self an allowance, and by the end of the 1st year, I figured that I had gotten my bitcoin investment up to right around 10%, which I thought was a pretty good place to be, yet since 2015 was such a down year for bitcoin, I continued to buy bitcoin, which ended up getting me to right around 13.5% by the end of 2015, and so the price appreciation of bitcoin between 2016 and now largely puts my bitcoin at around 75% of my other investments, but within my bitcoin allocation, I have some bitcoin versus cash that is authorized to buy bitcoin, which generally floats between 1% and 5%, even though in late 2017, it had gotten up to 10%, so unless I am not really understanding you correctly, I am just thinking that you're claim of 50% bitcoin and 50% USDT is way too high dollar exposure.. so let's just take USDT as if it were very similar to the dollar.. and maybe the most I would think would be 70/30, even though mine had gotten up to 90/10 at one point, but usually I am way lower than 10%.. and currently in what I consider to be my "crypto holdings," I am around 97% Bitcoin, 2.5% cash and 0.5% shitcoins... but all of that crypto together is around 75% of my overall investment portfolio with my other allocations in mostly stocks, bonds and real estate.

Regarding your 4-year break in BTC accumulation, sorry for your loss (and sometimes we might not be in a position to accumulate, perhaps financially, psychologically or maybe even other reasons of conviction about BTC) because we likely realize with something like BTC "time in the market" is better than "timing the market," yet if you had accumulated a decently-sized BTC stash prior to taking your 4-year break then you would likely have had been in a very good place, but I take it from the rest of your description of the situation, you had not front-loaded your BTC investment...which may well mean that you still consider yourself to be in a kind of current BTC accumulation stage...   that's my reading of what you are saying, anyhow, and yeah, the last year and a half have probably been decent times for accumulating BTC, but yeah of course, prior to late 2020 would have even have had been better... but any of us can ONLY do what we are able to do and we have to live with our choices and/or whatever might have had been our inabilities to accumulate bitcoin at earlier dates.

A trader has more exposure to the crypto currency market than a regular holder would because of the frequency of interacting with the Blockchain for transactions.
A holder knows nothing more than to HoDL and if they are disciplined enough, can and should HoDL for a couple of years without paying heed to market trends of whale signals or halving in the least

A holder would buy the dip or buy otherwise because they believe more in the outcome than in the currency market situation.

There is no reason to stereotype HODLers in such a negative way Cryptomultiplier, and surely there are HODLers who will spend their BTC from time to time and also experiment with spending.. or even spend and replace.

Holders may well go through BTC accumulation stages for 10 years or more (as long as they been in bitcoin), depending on whether they were eager enough about bitcoin in earlier years to stack a decent amount of bitcoin, then they might have gotten out of their BTC accumulation stage.. kind of forced out of accumulation stage by how much BTC had gone up in the last 7-10 years or even the earliest of adopters from 13 -15 years ago (yeah we will just be getting into bitcoin's 15th birthday in January, so it would not be too common for too many people to have had started in that 13-15 year time frame, even though we do have some of them in this forum.

One of the difficulties in spending remains quite a bit of hostility in terms of how bitcoin is treated for tax purposes, so some people might get confused by how to treat their bitcoin based on not wanting to have to engage in complex accounting practices.

[edited out]

Actually in this case when talking about investment it is a choice and indeed if we can do it then why not.
Regardless of whether or not fiat is safe at this time we must realize that fiat is the greatest power but investment can indeed be a necessity without leaving fiat because after all for everyday life fiat is still very much needed.
I will not leave fiat in this case because it is also impossible because fiat still has full power, especially to support life but for investment, especially in bitcoin, it is a different story. Do not merely when you are in bitcoin you forget and consider fiat bad because in the end when looking at the situation in everyday life fiat is still a primary factor if categorized as a necessity.

In this part of your post, your ideas sound a little lost Fauderz, even though I think that I understand what you are saying in regards to making sure to keep some feet in the fiat world, even while investing into BTC, and even on a personal level, I don't have any problem with the idea of keeping a foot in both worlds, but your comment's seeming attachment to fiat seems like it could be a bit problematic, as if you don't really understand what bitcoin is offering..... but from the rest of your post, I can see that you do seem to understand that bitcoin is a potentially powerful investment.. so what is it?   Do you consider that there is anything wrong with establishing a bitcoin position and continuing to operate in the fiat world, so it is not like your choice to invest into bitcoin would result in your having to have to give up fiat?   You seem to understand that, so why be so lovey-dovey in the way that you describe fiat?  Sure fiat exists, but we don't need to be lovely-dovey about fiat, since fiat has a lot of problems and hopefully our investment into bitcoin allows us to have some non-correlated exposure to money that is not so controlled and manipulated by state actors, who might not even have bad intentions but the system that they are working within has gotten away from them, so they have to engage in deceptions, lies and desperations to try to keep normies trapped into such a controlling system.. especially ways that fiat is currently being manipulated to control people, which maybe had always been somewhat true and the powers that be do not really like normies using cash, either.

As long as you believe and want to invest in bitcoin then you definitely know what you will do. 30 percent of income if it feels too big then you can reduce it to 20% or 10% according to your own strength.
Many here are married but in the end they can still do DCA consistently. This indicates that belief can make us think more broadly and not only fixated on economic conditions because in the end when good management is done and you know how much income and expense from your income actually it can be a gap to make some changes if you want to invest and it depends on yourself whether you want or not to invest.

someone that doesn't have an investment mindset will always find excuses to give to support his belief. Your mentality plays a great role in determining the kind of decision we make, while some can decide to invest like 20% of a months salary and hodl and just forget that such amount ever enters there hands others will be considering the immediate thing they can do with such amount. If in the long run, they investment pays off, the later regrets his inaction while if it doesn't pay off, since you've already counted that money as gone you won't feel that bad. That's the reason we are advised to invest with an amount we can afford to loose without any serious effect on us.

Therefore, we must have a careful strategy from the beginning so that in the future the needs we need and the ongoing investment (DCA) are not disturbed. 20 percent is not the initial benchmark because if in the end if we are not able to be consistent in the future, why force something that is difficult for us to guarantee so that initial management of finances and planning in investment must be decided carefully from the start.
If we set too much from the beginning, for example 30 percent or 20 percent but are not able to be consistent, it will also be not optimal so it needs further emphasis on whether we are able to invest with an amount of 30 or 20 percent for the long term or not. If in the end this is burdensome then reduce it so that you are able to be consistent but on the other hand you are also able to support the needs of the life you live.

I agree with everything you say here Fauderz, and I would just add that it is likely better to find an amount that is sustainable that is lower than to pick too high an amount, but at the same time, if someone is really on top of their cashflow situation (and they have an emergency fund in place and have even projected out their cashflows for 6-18 months), they may well have enough information about their situation to really be aggressive and to push their DCA to its maximum amount every time they get paid or every month or however they have it set up and decide to fluctuate every paycheck between 10% and 30%, so it is not like they have to be exactly consistent, and just because exchanges allow people to set up automatic DCAs, I am not really much of a fan of the automatic DCA, yet at the same time, many times in the real world, people don't want to have to manually make their BTC buys on a weekly, bi-weekly or monthly basis.