Buy the DIP, and HODL!

[BABY SHOES]

As a new investor it is not that easy to invest in Bitcoin first because you cannot choose which coin will be good for you to invest or which coin will be safe for your money at the beginning. 

If it's to invest in bitcoin why bother choosing another coin? Isn't bitcoin already a good choice means there is no need to choose another coin right?

While it is difficult for everyone to invest in Bitcoin in the beginning, it was easy for me because I didn't learn about crypto currency first but I learned about Bitcoin first. Ever since I first came to know about Bitcoin, I have had a distinct fascination with Bitcoin, and the thought of when I can invest in Bitcoin has always been on my mind. At that time I developed a strong desire to know something about Bitcoin and I tried to find out. Choosing Bitcoin for initial investment was not a difficult task for me as I tried to learn enough about Bitcoin.

Are you sure you have never learned other cryptos while your initial posts often discuss other cryptos? Forget it already.
Everyone is always different in learning bitcoin at the beginning if they really want to know the basics of bitcoin before starting to invest then he won't be that difficult because the way of understanding will be simple if you have a clear mindset towards bitcoin, at the beginning I was quite difficult but often time goes by while learning the basics of bitcoin now I understand a little about bitcoin and how to invest, remember that knowledge will increase if you continue to be in the forum environment.

It can be said that I was quite successful in my early investments. When I first invested in Bitcoin, the price of Bitcoin went up a lot right after I invested, which made me profit early on. The fact that the market turned positive after I invested and my money increased a bit is what motivates me a lot. Since then I got the impression that I have held my investment for a short period of time so I have made a profit from my investment. That kind of thinking then has made me a patient enough person today because now I can hold my investments for a long time very easily.

Maybe what you say is quite successful, but for me success is when I am able to manage my finances well from cash flow to Bitcoin for investment. Until now I am still trying to increase my accumulation every time there is more money so that my portfolio continues to rise, but when I hear You're motivated, I'm happy to hear that, even though I'm here, I'm still trying to consistently hold Bitcoin for more than 5 years, I hope I can.

[1714654622]

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[Mia Chloe]

Sometimes it seems to me that it is much easier for a beginner to make money on Bitcoin than for those who have been involved in cryptocurrency and Bitcoin for several years. Even I remember myself, at the beginning of my journey I just bought Bitcoin and did nothing else, because I was afraid of making a mistake due to the fact that I had little knowledge. The bull market began and the Bitcoin that I was holding rushed up. But the main mistake here is that I didn't take profit and then the bear market began. I'm talking about this because I was close to a great result, but I didn't take one right step. Some beginners can also buy and hold Bitcoin, at the moment when it grows to the skies, lock in at least part of it and become more successful. In any case, in words it looks simple, but in reality it is quite difficult to do this.

Actually I don't think this is the actual scenario in real life especially when It comes to trading, experience is I very vital however based on the topic about hodling, Hodling Bitcoin does not require and form of skill or experience except for the fact that one needs to understand his security properly to prevent losses due to hacks or scam.

Bitcoin still remains the OG of the crypto space so I see no reason why someone would prefer to invest in shit coins that can dip exponentially any time when Bitcoin is the better option except due to the fact that such person is poorly enlightened about Bitcoin investments.

[Patrol69]

Actually I don't think this is the actual scenario in real life especially when It comes to trading, experience is I very vital however based on the topic about hodling, Hodling Bitcoin does not require and form of skill or experience except for the fact that one needs to understand his security properly to prevent losses due to hacks or scam.

I think it is important to have enough understanding and knowledge about Bitcoin to hold Bitcoins as well. I assume you will only hold your investment but if you don't have the minimum knowledge required to invest then how to start your investment and how to hold your investment. Investing in Bitcoin and holding that investment is as easy as we think but actually holding an investment in Bitcoin is not that easy. 

I have a friend who always tries to learn about bitcoin from me and I always try to tell him about bitcoin. He knows that I have investments in Bitcoin and he is very excited about the growth of the Bitcoin market for some time because he will invest and he expects to make a profit from the investment. So I asked him if you want to invest like me and want to make profit by investing then you answer me one question that how much you know about Bitcoin and you only think about profit by investing in Bitcoin do you know your money loss after investment  may be  In answer to my question, my friend told me that since you have made a profit by investing, I can also make a profit by investing. 

Now my question to you my friend should be involved with bitcoin so fast. I think the answer will be negative because you are an investor so you will understand that my friend only thought about making money but whenever his investment shows a small loss due to some volatility in the market he cannot accept it. How can he maintain his investment for long if he is so broke or unable to accept his losses in the initial stage. 
I have given a big example to illustrate a small point so that it is clear to you that there is a need to know and learn about investing even for holding.

[Gormicsta]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

It's okay to be afraid when there's a dip but your fear shouldn't be if that is going to be the end of Bitcoin, rather it should be how long the dip would take, and on the brighter side an opportunity and the best time for you to buy more Bitcoin because Bitcoin is the the best Crypto Investment I've ever seen with the best framework. The framework of Bitcoin makes it impossible for Bitcoin to fail, no matter how bad it dips, there'll always be another Bull run.

There has been time in the past that Bitcoin experienced it's greatest dips that made a lot of investors who do not really understand Bitcoin to take out their money and I believe now they regret that action. A dip is inevitable and so is a bull run. You can only have their fear if you really don't know what Bitcoin is all about because if you do then you'll know that Bitcoin has come to stay and that it can only get better.

[bestcoins1]

Actually I don't think this is the actual scenario in real life especially when It comes to trading, experience is I very vital however based on the topic about hodling, Hodling Bitcoin does not require and form of skill or experience except for the fact that one needs to understand his security properly to prevent losses due to hacks or scam.

For hodling people, there are actually two things they need to understand when they hodling on Bitcoin, the first is as you said, namely about its security and the second is about basic and comprehensive knowledge of Bitcoin so that they can be confident enough to continue to apply hodling on it. Bitcoins. Because they already know a lot about Bitcoin, if they didn't know a lot about Bitcoin, I don't think there would be many people who would be willing to hodling Bitcoin even though they have seen other people profiting through Bitcoin.

Bitcoin still remains the OG of the crypto space so I see no reason why someone would prefer to invest in shit coins that can dip exponentially any time when Bitcoin is the better option except due to the fact that such person is poorly enlightened about Bitcoin investments.

People who still like damn coins that can drop suddenly in the market are people who don't know Bitcoin or don't believe in Bitcoin so they might still think that Bitcoin is not good. Even though there is a lot of evidence that we can see that Bitcoin is really good for investing and also hodling according to our respective abilities. So we only need to stay away from damn coins if we really believe in Bitcoin which has been proven to be good for everyone.

[Ruttoshi]

When it doesn’t hit the target you set for it due to the volatile nature of the market and the bull market already over, it is good to sell them off and get the profit already accumulated. Waiting for the bull run to come when it seems unlikely to come at that time again is just like gambling and if you gamble your money, you’ll end up losing more money and get little or no profit for all the wait over the years.

If you say that selling when you have reached your bitcoin target is the best and you don't need to gamble by keeping it, is wrong because it shows that you don't know the worth of bitcoin investment and when you sell off all your investment in the nearest future you will become broke, since you don't have the investment anymore to generate profit. An investment should be seen as something that generate produt in a long term i.e till infinity. If you sell all your bitcoin, you will not reach the fuck you level status.

Imagine that you own a company and have taken time to grow this company for let's say 8yrs and the company is giving you good returns but you haven't touched a dime from the profit. If The company at a point total worth is $1m, and your dream money to have for you to know that you have arrived is $1m, will you now sell the company out to someone else for $1m because that was your price target...you will get broke again and it will be difficult to build such company from a start and achieve same worth in a very long time because of inflation and some unforeseen challenges. The best thing is to allow the profit to compound and take profit leaving the company to still worth the $1m because it is an investment that has flourished already and it will continue to bring profit. This is sane with bitcoin investment.

It is not 100% guarantee that bitcoin price will give huge profit in some timeline but the odds of having good profit us higher and this is why, when you have reached your bitcoin target, that is when you can now be relaxed with your accumulation consistently and maintain your bitcoin portfolio by buying once in a while or quarterly DCA. Then when bitcoin price reaches a new ATH, you can sell like 10% and leave the rest to continue increasing it once in a while or whatever strategy that is cool with you just to make sure that the investment is increasing in size or you can then diversify into gold, stock, bond or real estate. What matters in one's life is steady growth no matter how well your investment is flourishing, you must still make sure that you are increasing it so that you can get to a level that you will never get broke because your investments are working for you.

[Odohu]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

If you exhibit this character of extreme fear when price of Bitcoin drops, it is a sign that you have invested much more than you are supposed to invest in Bitcoin and that is not a healthy practice. It could also mean that you are not well aware of that price of Bitcoin goes up and sometimes down and never in one direction. Whichever be the case, I think you need to make serious adjustment in your investment approach if you must have peace of mind while being invested in Bitcoin.

It is character like yours that have motivated people to start working on different methods of investments that will take away things like this fears. If you spare some time to learn about the DCA method, you will realize the focus is to eliminate the kind of fear that you expressed by allowing you invest just little amount of your money per time and done consistently. When the amount invested is not a huge burden to your financial obligations, you will not fidget when price is going down and you will also be able to continue buying since you are already convinced that the investment will require some time before you begin to expect some profits.

I seriously recommend the DCA method for you.

[Dimitri94]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

There has been time in the past that Bitcoin experienced it's greatest dips that made a lot of investors who do not really understand Bitcoin to take out their money and I believe now they regret that action. A dip is inevitable and so is a bull run. You can only have their fear if you really don't know what Bitcoin is all about because if you do then you'll know that Bitcoin has come to stay and that it can only get better.

Ups and Downs is a common image of a trading platform. You must develop a risk appetite before investing. The interesting thing here is that some are looking for a dip in Bitcoin while many are expecting bullish ones. As a Bitcoin investor I would certainly welcome the dip as I would not pass up an opportunity to buy at a low price to save my Bitcoins for the long term. I will take every dip as an opportunity and try to hold it as best I can. But since I follow DCA these dips and highs don't affect me much. I know the market will be bearish again and bitcoin will lose its value but my bitcoin holdings will not decrease but i get the dips it will increase my wealth in the future.

[ginsan]

Ups and Downs is a common image of a trading platform. You must develop a risk appetite before investing. The interesting thing here is that some are looking for a dip in Bitcoin while many are expecting bullish ones. As a Bitcoin investor I would certainly welcome the dip as I would not pass up an opportunity to buy at a low price to save my Bitcoins for the long term. I will take every dip as an opportunity and try to hold it as best I can. But since I follow DCA these dips and highs don't affect me much. I know the market will be bearish again and bitcoin will lose its value but my bitcoin holdings will not decrease but i get the dips it will increase my wealth in the future.

Well, that's true, every increase there must be a decrease and every decrease there must be an increase, as we have seen today where at the end of last year BTC fell to $15k and today Bitcoin is trading at $35k. So any dip is always the best point to accumulate bitcoins where we can hold them for a long period. Well, DCA certainly won't have an effect because every purchase is made in stages, either at a low price or an expensive price, because at the end of the target we will adjust the average entry for the purchases we have made.

Many hope that the price of Bitcoin will fall again so they can buy aggressively but the market will not change immediately because we are already at the point of a 46% decline from its highest price. Therefore it is more appropriate for us to continue buying bitcoin while we are still below its highest price.

[Hewlet]

It is important we make this clarification so that new people going through this discussion will not think that investing in Bitcoin is that complicated because it isn't.  It is more of a mentality something after the financial aspect have been taken care of. By mentality, I'm referring to the ability to invest without fear, greed and the resolve to give the investment time to yield profits.

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

[adultcrypto]

As a new investor it is not that easy to invest in Bitcoin first because you cannot choose which coin will be good for you to invest or which coin will be safe for your money at the beginning. 

While it is difficult for everyone to invest in Bitcoin in the beginning, it was easy for me because I didn't learn about crypto currency first but I learned about Bitcoin first. Ever since I first came to know about Bitcoin, I have had a distinct fascination with Bitcoin, and the thought of when I can invest in Bitcoin has always been on my mind. At that time I developed a strong desire to know something about Bitcoin and I tried to find out. Choosing Bitcoin for initial investment was not a difficult task for me as I tried to learn enough about Bitcoin

It was not difficult for me investing in Bitcoin or choosing Bitcoin as a favourite option, and I don't understand what you mean by difficulty in the case of investing in Bitcoin. I am not denying that people presume that Bitcoin is too expensive and have already gotten a huge marketcap, the reason they go for low cap tokens to be able to make huge profits within a short time. I faced a situation like that, and even attended some seminars where the presenter spoke so well in favour of low cap coins and how they can generate huge profits within a short time.

What saved me was that scam was very common with those tokens and low cap coins they promote and I hated being scammed to much so it was easier for me to decide for Bitcoin early enough without having to go through the stress of experimental investing. Invest in these numerous coins is actually experimental because it is trial by error, you never can tell if it is a scam you are buying or not.

I know a lot of people are focusing more on Bitcoin now; various comments here support this assertion.

[Winterfrost]

It is important we make this clarification so that new people going through this discussion will not think that investing in Bitcoin is that complicated because it isn't.  It is more of a mentality something after the financial aspect have been taken care of. By mentality, I'm referring to the ability to invest without fear, greed and the resolve to give the investment time to yield profits.

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

That is why they say. 'Dont judge a book by its cover'. From a distance people are scared whey they hear about Bitcoin but whenever they come closer they always have a different though and they become more closer to Bitcoin even more than close friends. BTC is already valuable to hundreds of millions of people, with an adoption rate growing faster than most technology adoption rate did by this age. I dont have to repeat this here.

I think it is the right time for people to stop seeing Bitcoin as financial breakthrough/gateway. And start seeing it as a store of value, something worth investing your money into it for the future. "The price is so high and i could not afford it now" is the mostly the sentence I have from a lot of Beginners and that has influenced them not to take a bold step in investing in Bitcoin.

[macson]

It is important we make this clarification so that new people going through this discussion will not think that investing in Bitcoin is that complicated because it isn't.  It is more of a mentality something after the financial aspect have been taken care of. By mentality, I'm referring to the ability to invest without fear, greed and the resolve to give the investment time to yield profits.

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

all new things are certainly very scary for some people, especially if it is related to money, bitcoin is still new to the ears of the majority of people, in fact i rarely find people who actively talk about Bitcoin in crowded places, i also heard about bitcoin for the first time, quite doubtful about bitcoin, especially when i saw bitcoin at a very high price but slowly i read the history of bitcoin and all things related to bitcoin, for those who are still new to bitcoin, investing in bitcoin using the DCA method is something that number 1 i really recommend after that the next level is the buying the deep method.  bitcoin is not that scary, bitcoin will never make people lose if they don't panic sell because they fall for FUD, bitcoin will continue to exist and be profitable if you take advantage of opportunities through price fluctuations.

[jrrsparkles]

2% is too optimistic? And what about my assignment of 0.5% odds for more than $2.5million. is that too optimistic too?  

>>>>>"Pie in the sky:  $1,000,001 to $2.5 million- 2%  [a 33x to 83x price appreciation from $30k]"<<<<

>>>>>"SuperCharged Pie in the sky:  greater than $2.5 million- less than 0.5%  [more than a 83x price appreciation from $30k]"<<<<

How would you propose that we fix what you believe to be too optimistic.. since I already put out those numbers we should not remove the numbers, but instead assign lower odds to them.. so what kind of numbers do you believe to be more realistic for those two upper categories?  Are they zero or is there some kind of a non zero probability that you could imagine that justifies assigning them  some kind of probability.. right now.. not 6 months down the road, but now.

Remember in 2013 we had more than a 100x price appreciation in just one year from BTC prices less than $10 and going to right around $1,163.

Remember in 2017 we had right around a 78x price appreciation in two years going from $250 to $19,666.

Remember in 2021 we had right around a 16.5x price appreciation in two-ish years going from $4,200 to $69k.

I find it difficult to merely assign a narrow set of scenarios and thereafter expect BTC to comply, even if you consider that your set of scenarios is the most probable, and you might end up being correct, but that surely does not mean that other scenarios are not potentially reasonable and/or deserving some kind of a consideration and/or probability that is more than just dismissing the other variations as if they were zero% odds, merely because for some reason you seem to have aspirations to be a wannabe sorcerer.

It's okay to be optimistic and I do believe that expect the unexpected scenario always.

Too optimistic is just an instant reaction to the value when I see that $1M tag and it doesn't mean to disagree on the values or anything. And I expect the million range after a few more cycles so in my prediction it is close to impossible before 2025 so I will put the values of anything over 500K to the closer value of zero and it's just my opinion though. As the market evolves and as new factors come into play, these predictions can be recalibrated. It's crucial to approach such forecasts with a healthy dose of optimism tempered with rational assessment.

[ShowOff]

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

all new things are certainly very scary for some people, especially if it is related to money, bitcoin is still new to the ears of the majority of people, in fact i rarely find people who actively talk about Bitcoin in crowded places,

People find it difficult to accept new things especially because they involve the risk of losing money. I've had Bitcoin through its first decade, so I think you'll find it easy to explain something good about it regardless of its usefulness and potential value growth in the long term.

Sometimes someone doesn't believe in bitcoin, not because they don't believe in it completely, but it depends on who explains it and how you explain it. I mean, rich people who are involved in bitcoin investments are likely to be trusted more by someone who doesn't understand bitcoin than you who are just starting out. That's a reality in the real world, I have to admit.

bitcoin is not that scary, bitcoin will never make people lose if they don't panic sell because they fall for FUD, bitcoin will continue to exist and be profitable if you take advantage of opportunities through price fluctuations.

You can't guarantee that 100%, I mean how can you guarantee they won't lose if they don't understand how to secure their wallet from potential hacking or anything else? Bitcoin is not just about how you earn profits, but also about how you can keep your wallet safe.

[Frankolala]

Don't know if this example helps but it's a case of whether he or she is an angel investor who's putting in their own funds with the expectations of making profits by taking advantage of the market, he can use the DCA approach OR if the investor is a venture capitalist who's investing more money into the coin, then the investor will want to wait for the Lump Sum to make profits.

Lump sum can be bought anytime and there is no special time to lump sum, as long that you have the money since you will be investing in a long term investment. Lump sum is for the rich who don't have time to monitor the price movement of bitcoin or they are too busy with other investments. They can lump sum no matter the price of bitcoin at that moment. Example is MicroStrategy that buys huge amount of bitcoin without considering the price of bitcoin.

If you are talking about lump sum buying at the dip, then it is fine when you have prepared for that bit don't stop accumulating and keep waiting for the dip because the dip might not come when you expect it because bitcoin price moves in any direction and very hard to predict which price it will fall on in the next minutes. This is why it is only the DCA strategy that is recommended for newbies to stick to while the other two strategy can be use when the opportunity comes to apply them. This is because your focus on to reach your bitcoin target within a timeline.

Sometimes it seems to me that it is much easier for a beginner to make money on Bitcoin than for those who have been involved in cryptocurrency and Bitcoin for several years. Even I remember myself, at the beginning of my journey I just bought Bitcoin and did nothing else, because I was afraid of making a mistake due to the fact that I had little knowledge. The bull market began and the Bitcoin that I was holding rushed up. But the main mistake here is that I didn't take profit and then the bear market began. I'm talking about this because I was close to a great result, but I didn't take one right step. Some beginners can also buy and hold Bitcoin, at the moment when it grows to the skies, lock in at least part of it and become more successful. In any case, in words it looks simple, but in reality it is quite difficult to do this.

As a new investor it is not that easy to invest in Bitcoin first because you cannot choose which coin will be good for you to invest or which coin will be safe for your money at the beginning. 

While it is difficult for everyone to invest in Bitcoin in the beginning, it was easy for me because I didn't learn about crypto currency first but I learned about Bitcoin first. Ever since I first came to know about Bitcoin, I have had a distinct fascination with Bitcoin, and the thought of when I can invest in Bitcoin has always been on my mind. At that time I developed a strong desire to know something about Bitcoin and I tried to find out. Choosing Bitcoin for initial investment was not a difficult task for me as I tried to learn enough about Bitcoin.

Any newbie that knows how to save money and understand bitcoin investment should be on a long term, will find it easy to get started and continue with regular DCA because he already know the important of saving money and have done it before. Why @sompitonov made that statement is because in the really stage of bitcoin. investors hasn't know the potential of bitcoin and how the price can skyrocket within a short time and anyone investing then is like taking a big risk but just because he believes in bitcoin and decided to give a try. Unlike now that bitcoin news is everywhere that it is very profitable to the extend that some people even think that it is a quick profit scheme. You were lucky that the time you bought your first bitcoin within a short time, you made profit and like you said, this was what motivated you to carry on with your investment. I guess that assuming bitcoin went below your entry point, you might have panic and sell off.

[_BlackStar]

-snip-

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

Of course - bitcoin is not as complicated as most people think, especially if you just invest without doing any analysis. Not many people have a mindset like you where you don't mind price volatility when investing - but most investors are those who carry out analysis to determine the best time and price to make entry.

The average person is definitely afraid of losing by investing - so it's natural that some of them have to study before making decisions to avoid losses. Find out when is the best time to accumulate and a good strategy for starting it - that's what learning is all about.

[JoyMarsha]

Sometimes it seems to me that it is much easier for a beginner to make money on Bitcoin than for those who have been involved in cryptocurrency and Bitcoin for several years. Even I remember myself, at the beginning of my journey I just bought Bitcoin and did nothing else, because I was afraid of making a mistake due to the fact that I had little knowledge. The bull market began and the Bitcoin that I was holding rushed up. But the main mistake here is that I didn't take profit and then the bear market began. I'm talking about this because I was close to a great result, but I didn't take one right step. Some beginners can also buy and hold Bitcoin, at the moment when it grows to the skies, lock in at least part of it and become more successful. In any case, in words it looks simple, but in reality it is quite difficult to do this.

When it is about investing in crypto, what every new investor knows is bitcoin before they begin to invest in other altcoins. It is so true, that the new investors are the ones that make easier money in bitcoin than the old investors who have been investing in bitcoin for long.

Why I take it to be so, is because the old investors can purchase and sell at any moment, hoping to reinvest whenever they feel like, a new investor would invest and hodl for a long time without trying to sell until the big amount is realized since they are reluctant to sell their bitcoin holdings.

For example, early this year, I advised a "friend" of mine to invest in bitcoin, and he followed through because he had the funds while I did not. I find it amazing that he is holding onto his bitcoin without considering selling anytime soon. He has generated huge profits, while I have yet to match his profits.

[Roseline492]

It is important we make this clarification so that new people going through this discussion will not think that investing in Bitcoin is that complicated because it isn't.  It is more of a mentality something after the financial aspect have been taken care of. By mentality, I'm referring to the ability to invest without fear, greed and the resolve to give the investment time to yield profits.

to be really frank, when I use to hear about bitcoin before joining the forum, there used to be this feeling of complexity attached to it and I never knew it's a simple thing that doesn't really involve much complex analysis before one can invest into bitcoin. I guess that's possibly the reason why some persons are afraid to invest in bitcoin because they look at it as one complex stuff that they will needd to take a whole bunch of time studying before they can get the basic knowledge that will guarantee proper investment

Yeah you are right most people had the same thinking or believe that the complexity of Bitcoin is too much, because just like you said even me I once had that feeling but it was when I finally venture into Bitcoin accumulation then I realized that investing on Bitcoin doesn't need much knowledge but instead all that's needed is just a little basis knowledge of it, at least just to know what you are in for.

So I agree with you because most people that have not really venture into Bitcoin always feel that the complexity of Bitcoin is too much that they could find it very difficult to understand, because I have actually meet someone that wants to invest on Bitcoin but was afraid of the complexity involves on Bitcoin, so I was able to prove to him that he doesn't need much knowledge before starting to invest on Bitcoin since is for holding.

[Benedictare]

  The best to accumulate and HODL is by buying  on the dip and HODL are a pair of strategy  that either well added to DCA and buying on dips. It is better to buy at anytime your money is available than to wait for the dip to come which is not certain,but going into Bitcoin market at the dip is often a very good time,then paticenly wait for the next bull, and if you have in mind that share price will definitely increase, and above the last rise.
  
  Realistically the amount for you to DCA and how much you accumulate to get to one Bitcoin and more will take a long time,and so the only way out is for you to work harder to invest and accumulate and buy the dip,whenever it comes . Buying up to 30 percent or more for a long  term from your income, or you buy in lump sum if you have more money,  because using  lunp sum method,Bitcoin  can be bought any time because you  will invest for a long term and is always used by those having alot of money because they will not have the time to wait for or monitor when  dip comes.    .