Buy the DIP, and HODL!

[Queentoshi]

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

because some might not exactly disclose their plans...

I do not know why some people do this in a forum where nobody knows your face, your plan can actually help someone who does not have their own plan, even if you do not want to disclose the whole plan, at least share some side so people can learn.

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[CryptSafe]

Basically Bitcoin needs plan. And in my point of view anyone has Bitcoin or he is buying with DCA method so I think he should never sell all the Bitcoins at once. He always hold some amount of Bitcoins. And if anyone will believe on Bitcoin and will Hold for 4-10 years or even more so definitely Bitcoin will give benifits of his/her believing.

It's not a guarantee that hodling bitcoin for years will prevent its price from falling to a point where it's affordable to purchase during a bear market since the bear market serves as an opportunity to buy Bitcoin at a low price.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

Buying is quite easy by just pressing the buy button but to hold in the long term requires patience and that is why an investor who can hold in the long term is the winner in the end. Buying all at once or holding it for a long time is something that must be within ourselves, how we must ward off fud, worry in our minds. And also be able to look for loopholes to be able to survive in declining market conditions and many negative factors as happened last year.
Beginners must study as well as possible in preparing themselves to become true holders and all strategies should be the best that can be used to start investing in Bitcoin. Beginners can learn a lot about bitcoin and learn better ways to invest such as using DCA.
Sometimes opinions differ on how they buy in accumulating Bitcoin but that is not a big problem because in one hope we all target buying in dips and holding it in the long term.

Of a truth patience matters in the life of an investor. As an investor, buying is not the problem but the ability to hold for a long term as planed that matters irrespective of the market down trend. Some investors can not be able to sustain that patience most times when the fud is on. They  feel they would lose or miss out. So in other not to miss out they sell in Panic without holding onto their initial plans.
Indeed a winner in the Crypto market is one who can buy and hold for a long time irrespective of the market trend and irregularities attached, they never give up their plans to holding for a long time till their target is met.

[adultcrypto]

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment. 

Mate, there is no need to invest what you can afford to lose on something because there is a probability that the investment will be a failure one day, even though you invest with the money you can afford to lose and the investment doesn't yield out anything, you will be angry because you have already hope of making extra money from the investment. Also, it is best to invest with money you will not need for the long term so that if the investment does not yield profit quickly it will not affect your daily needs, and you can depend on other things that give your money to run your life.

I think a lot of you are associating too much risk to Bitcoin. In line with the caption of this thread,  our focus is long term investment and by that, things like volatility  does not apply because you are not day trading such that a spike might hit your stop loss.

I believe this notion of investing what one can afford to lose come from the fear that the price can drop so sharply; if this happens, how is it supposed to affect a long term holder when you know the price will always turn after the moment of down trend. Maybe most of those proposing investment of what one can lose are suggesting that the price of Bitcoin will get to zero someday or that Bitcoin might be banned globally thereby making it worthless. These are baseless conjectures in my opinion.

[Fara Chan]

Altcoins are always risky especially for long-term investments. Because in my opinion FTX, Luna Coin etc. have completely disappeared from the market, this is the biggest proof that AltCoin is definitely a risky investment.

I had not even considered any altcoin for long-term investment before the case involving FTX, Luna Coin etc. Because I am quite aware that any altcoin will not be better than Bitcoin, so my long-term investment consideration is only for Bitcoin by applying the method that I have been using so far, namely DCA and I will continue to do this as long as I still have the desire and ability.

Investing in Bitcoin allows you to invest freely because the investment depends on you. It is best to hold the amount of money you buy Bitcoin for a long time. Investing in Bitcoin will reduce your risk because it is a trusted coin, which has been in the market for a long time and its high momentum attracts investors the most.

That's true and not wrong at all, but I think it's more suitable for you to say to newbies who have just entered the world of crypto or have just entered the market to buy whatever they want without considering which one is best. Because I'm quite sure that currently there are still many newbies who make mistakes in choosing which coin is the best to invest in so that the mistakes they have made can at least be reduced when someone gives them advice like this by considering major coins such as Bitcoin and try to ignore any altcoin to no longer invest in it, unless only to trade it in the short term.

[Sim_card]

Maybe most of those proposing investment of what one can lose are suggesting that the price of Bitcoin will get to zero someday or that Bitcoin might be banned globally thereby making it worthless. These are baseless conjectures in my opinion.

Don't get it wrong JJG has already explained why that phrase in bold means below

the idea about investment amount is to invest no more than you can afford to lose.. which largely just means make sure that you have your expenses covered, and that even if the investment dropped a lot you would not panic because you have already considered the possibility that it might drop...

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

Using the DCA method to accumulate bitcoin has a high advantage to increase your bitcoin portfolio fast as a newbie that just started her bitcoin journey compare to the other two strategy which is lump sum and buying at the dip. This is because it gives you the opportunity to buy bitcoin regular at different prices and as long as you are on a long term investment, it will also lower the risk attached to bitcoin investment. Just set an amount that will you will use to buy weekly, monthly or quarterly that will not affect your monthly expenses. Also set aside emergency funds and reserve funds so that you won't be tempted to sell your bitcoin when you face some financial challenges, as those funds will take take of whatever arises. If you have extra cash, you can save them for buying at the dip. You should start your bitcoin investment now and don't wait for the dip because nobody knows what will be the next movement of bitcoin price. The earlier you invest the best for you.

[JayJuanGee]

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

I was one of the people making this mistake prior before now, I never knew I was using the wrong approach. But when I started coming to this place I was taught a different approach which I have carefully analyzed and have come to realize that it is the best approach in Bitcoin accumulation. By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

because some might not exactly disclose their plans...

I do not know why some people do this in a forum where nobody knows your face, your plan can actually help someone who does not have their own plan, even if you do not want to disclose the whole plan, at least share some side so people can learn.

Sharing can help each of us to teach and to learn, so we can learn from our own description of our approaches and/or to describe some of our ideas, even if we might end up talking in terms of hypotheticals or percentages rather than disclosing too many specifics regarding our own particulars.

A new person into bitcoin might not even know for sure how long that s/he is going to stay in bitcoin, but there might be some kind of a framework of at least 4 years or maybe aiming for 10 years or more, and at the same time, if there might be accumulation goals in the beginning several years, then the rate of your accumulation might also help to inform you more about how you might consider to change your strategies after maybe having a decent stake in BTC, whether it is some percentage of your overall investment portfolio or if you don't have any other investments, then maybe you would measure the size of your bitcoin holdings in light of how many years of income/expenses that it might constitute.. and if it gets up to a certain number of years, such as 20-30 years, then you likely could end up putting yourself into a place in which you don't have to work anymore and you can just live off of the proceeds of your bitcoin investment... but it could take a long time to get to those kinds of levels, and not everyone is very comfortable to speculate out that far including knowing that many obstacles could be between just starting out and getting to points in which you start to believe that maybe you could either start to sell some of your BTC or maybe you don't really need to accumulate more BTC, yet you still have BTC as part of your overall wealth and various options that you have if you want to make changes in the kinds of work that you do (or don't do) and other kinds of consumption or investment activities that you might choose.

Of a truth patience matters in the life of an investor. As an investor, buying is not the problem but the ability to hold for a long term as planed that matters irrespective of the market down trend. Some investors can not be able to sustain that patience most times when the fud is on. They  feel they would lose or miss out. So in other not to miss out they sell in Panic without holding onto their initial plans.
Indeed a winner in the Crypto market is one who can buy and hold for a long time irrespective of the market trend and irregularities attached, they never give up their plans to holding for a long time till their target is met.

We are not talking about crypto or shitcoins in this thread.  So if you meant to use the word bitcoin, then you would at least be on topic.

Why would you use any word other than bitcoin?   Because you somehow believe bitcoin and crypto are the same thing, or close to the same thing.. or maybe you were just trying to sound smarter.. but in fact you don't sound smarter when you use the word crypto when you are describing something that ONLY works with bitcoin or any kind of an asset that you are able to assess as an investable asset.. which means that it has  decently good odds of going up in value and having various strong fundamental attributes  that make it worth holding for the long term.. such as 4-10 years or longer.  Any of us should be able to make those kinds of long term assessments for bitcoin, but it is not presumptively true of any of the shitccoins.. and if you have some shitcoins that you believe fit in that category, then sure you could invest in that crap, but you should be talking about them in another thread because we are not talking about shitcoins here.

Maybe most of those proposing investment of what one can lose are suggesting that the price of Bitcoin will get to zero someday or that Bitcoin might be banned globally thereby making it worthless. These are baseless conjectures in my opinion.

Those are not baseless conjectures, especially since they are non-zero.. but they are likely not worth focusing on.. even though they should be accounted for.. just like any of us who might be newer to bitcoin likely should be trying to be as aggressive as we can with our bitcoin investment, but not so aggressive that we end up losing some or all of our coins because we failed/refused to account for a variety of negative scenarios that could end up playing out that don't even require bitcoin to go to zero, even though it could go quite low and even stay quite low for years, and years and years.. so those kinds of scenarios should be accounted for, even if they are not the base case scenario in which bitcoin is likely going to be going up and those who are not prepared for UP are likely going to be missing out and too bad for them.

One of the greatnesses of bitcoin is many of us might well not even need to put a whole hell of a lot of bitcoin into bitcoin in order to have potentials to profit stupendously in the coming years, but at the same time profiting stupendously is not guaranteed and we should be able to both keep a lot of the possible scenarios in mind, to be able to prepare for a variety of scenarios both financially and psychologically while realizing that there are no guarantees that what we did is going to end up putting us in a place that we would like to be which likely may well be that having more options and that investing in bitcoin was better than not investing into  it. 

By the way, I frequently hear a statement that "bitcoin is going to win" blah blah blah.  From my perspective, bitcoin has already won, and it is just a matter of how much more it is going to continue winning.. and we can still be winners and winning, but still could end up suffering a lot of set backs along the way.. the concept of already won and likely continuing to win does not amount to everything being positive or that some battles are not taking place and also that there are also losers within bitcoin because they don't play their winning hand very well and they end up losing coins and doing other dumb stuff, even though they should realize that they are working with a winning hand already, especially if they already know about bitcoin and they already have been taking actions to make sure that they maintain a decently aggressive bitcoin allocation (without overdoing it, which is also possible).

Altcoins are always risky especially for long-term investments. Because in my opinion FTX, Luna Coin etc. have completely disappeared from the market, this is the biggest proof that AltCoin is definitely a risky investment.

I had not even considered any altcoin for long-term investment before the case involving FTX, Luna Coin etc. Because I am quite aware that any altcoin will not be better than Bitcoin, so my long-term investment consideration is only for Bitcoin by applying the method that I have been using so far, namely DCA and I will continue to do this as long as I still have the desire and ability.

Investing in Bitcoin allows you to invest freely because the investment depends on you. It is best to hold the amount of money you buy Bitcoin for a long time. Investing in Bitcoin will reduce your risk because it is a trusted coin, which has been in the market for a long time and its high momentum attracts investors the most.

That's true and not wrong at all, but I think it's more suitable for you to say to newbies who have just entered the world of crypto or have just entered the market to buy whatever they want without considering which one is best. Because I'm quite sure that currently there are still many newbies who make mistakes in choosing which coin is the best to invest in so that the mistakes they have made can at least be reduced when someone gives them advice like this by considering major coins such as Bitcoin and try to ignore any altcoin to no longer invest in it, unless only to trade it in the short term.

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

 and by the way, even with limiting themselves, there are responsible ways to limit yourself and there are less responsible ways.. so some people might agree to limit themselves to something like 10%. .and then when they keep drawing from bitcoin and other assets in order to get their stake back up to 10% into their shitcoin, they may well be engaging in a kind of cheating, but it is much easier to control such cheating if it is restricted to 10% rather than if they had some higher number such as 20% or even some people suggest 50% which is absolutely crazy in terms of both the amount but also in term of how able those gambling shitcoiners can end up in ongoingly cheating by tapping into the other and end up draining the value of everything even if they claimed that they had a 50/50 limit or whatever other bullshit.. so yeah, there may be a few smart people who can go beyond 10% and even show that they are able to make money, but that does not mean that the way that we speak to others should be in terms of a 10% limit. .and people are going to come to their own conclusions anyhow, which sure they are free to do it, but we are also free to continue to suggest a10% limit, even if they might be able to show us that they had been successful (monetarily) with their having had gone beyond the limit that we suggested to them.

[ginsan]

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

Not even better maybe it's only about 2% for shitcoins of their BTC holdings. But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.

[Taskford]

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

Not even better maybe it's only about 2% for shitcoins of their BTC holdings. But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.

Eventhough shitcoin market is risky still there's good profit to be taken there so its still good suggestion to invest there especially right now we are almost heading at bullish market condition so most provably shitcoins will do a good run. But we also make sure to ourselve that we have plan to be done and never hold those type of token and sell when its perfect time to sell since this is what shitcoin all about.

For hodl its automatic bitcoin is always good for that since this is really the most ideal coin to do and as I said bullish season is coming up so for sure there's more price action to come then this could give a lot of profit to the people who believe on bitcoin at the cheapest price it dip for past couple of months.

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

[JayJuanGee]

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

Not even better maybe it's only about 2% for shitcoins of their BTC holdings.

I personally believe that 2% is too extreme, and many people will not even be able to comply with limiting to less than 10%, and sure I personally only have around less than 0.5% of my "crypto" holdings that are in shitcoins, but there were times when even I had more than 2% in shitcoins, including when B-cash was being issued, and it took me several months to get out of my b-cash position, but part of the matter dealt with technically trying to figure out how to claim them.. but surely I had some other shitcoins.. but really much of the time they were only 1% or 2%, but then maybe it has to do with other matters too.. and let's say that a guy has a $100k investment portfolio and so he has around $15k in bitcoin.. so a pretty aggressive position of 15% in bitcoin, and so I am suggesting that he could have up to $1,500 in shitcoins, and you are suggesting that he should ONLY have up to $300 in shitcoins.

I still think that they are going to have trouble staying below 10%..and so maybe even less is better, and I have no problem with that... but I think that 10% is more realistic and workable..  

I say the same thing about any trading that anyone should do, and I say to limit such trading to 10% of the size of your bitcoin account.  I do kind of believe that shitcoin and trading overlaps, but there may even be some degenerates who have 10% in shitcoins and 10% of their bitcoin that they are trading, so then that bings them up to 20% of their BTC holdings into two different kinds of degeneracy... it sounds a bit to much to both you and me, but at the same time, it is way better than some of the folks who claim that they are in bitcoin and have less than 50% into actually holding bitcoin, and surely there are even worse than that.. and then maybe they wonder why they end up getting quite scatter-brained and probably have very difficult to follow and meandering ideas in regards to what they are supposedly doing with their "investments."

But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

Well are they going to be damaged very much if they have no more than 10% in there as I suggest or no more than 2% as you suggest?  After they lose their money, then that money likely has to stay on the books for a while before they are able to put another 10% into shitcoins.

So let's say like in my earlier example, they had $1,500 into shticoins and maybe they had $15k into bitcoin... so I am not sure how long they might have to wait to be able to put more money into shitcoins.. perhaps they could put 10% of any new money into shitcoins, so if the person bought another $5k worth of bitcoin over the next year, then he would be able to invest $500 into shitcoins.. to the extent that he did not learn his lesson the first time around... but hey how these matters are calculated could have ways of investing higher than 10% and saying that he is ONLY investing 10%,, even though he lost the whole 10% the first time around.  In other words, these kinds of guys are going to want to take from the BTC profits and to put it into shitcoins... because they are going to feel that $500 is not enough.. even though he already lost $1,500.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.

Sure.. no problem.. but still how you going to guide people with "just say no to shitcoins.".. even though frequently I do say fuck shitcoins, but if you are going to do them, no more than 10% or the size of your bitcoin investment... and whatever, you can tell people whatever you like and I don't feel like I am encouraging them.. because I do also say stay away from shitcoins.. and also there are some people who are very poor.. like $10 per week or even some low amounts and they are wanting to divide to do part in bitcoin and part in shitcoins... so yeah.. are they going to listen?  I am not sure... I mostly think that they won't but it is better to say something than not to say anything at all.. even though some people are not even going to be receptive to listening anyhow.. so they might even be more of a lost cause and just have to learn through their experiences.

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

Not even better maybe it's only about 2% for shitcoins of their BTC holdings. But for me, I really stay away from Shitcoins because if you feel the benefits once you will be interested in buying them again and slowly you will have put more money into the wrong place because if one shitcoin is pulled the rug you will fall into poverty. Like luna and ftx, almost everyone didn't even expect it to be a big zero but it really happened last year which made many of them fall into poverty.

So in my opinion, don't try playing with shitcoins because the risk is quite big and you will lose everything. I believe more in Bitcoin and there is no worry that it will become zero because Bitcoin has gone through many phases and bitcoin is quite strong and I believe it will not become zero.

Eventhough shitcoin market is risky still there's good profit to be taken there so its still good suggestion to invest there especially right now we are almost heading at bullish market condition so most provably shitcoins will do a good run.

Why you pumping shitcoins here.  Fuck shitcoin.  Why don't you go to some other thread if you want to talk about which shitcoins that you want to get into because some of them from your point of view are less shitty than other shitcoins.

But we also make sure to ourselve that we have plan to be done and never hold those type of token and sell when its perfect time to sell since this is what shitcoin all about.

You are contradicting yourself.  Yeah, sure shitcoins are meant for selling, but you are also suggesting to buy them.. so you are in the wrong place exploring those kinds of ideas.

For hodl its automatic bitcoin is always good for that since this is really the most ideal coin to do and as I said bullish season is coming up so for sure there's more price action to come then this could give a lot of profit to the people who believe on bitcoin at the cheapest price it dip for past couple of months.

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Again.. Fuck shitcoins.  Take your promotoin of that kind of nonsense somewhere else (there are shitcoin threads).  but this is not one of them. .we ONLY talk about shitcoins here in order to bash them or discourage them, not to take them anywhere close to seriously as any kind of thread-related strategy.. .

[Richbased]

Eventhough shitcoin market is risky still there's good profit to be taken there so its still good suggestion to invest there especially right now we are almost heading at bullish market condition so most provably shitcoins will do a good run. But we also make sure to ourselve that we have plan to be done and never hold those type of token and sell when its perfect time to sell since this is what shitcoin all about.

To hell with shitcoin as it isn't sustainable, all our focused is on bitcoin as it is the most volatile asset to invest on against the upcoming bull market so I can't see a crypto that's gaining dominance like Bitcoin then I discard investing in it to any damn fucking shitcoin. The volatility of bitcoins will give you a good sense of where you ought to channel all your investment for the upcoming halving so the goal is to keep buying and holdling as much bitcoins as one can be able to afford.

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

What results can shitcoins possibly show you that will supersede the results that we've have seen in Bitcoin so far, our concern should gear towards achieving an overwhelming ATH in Bitcoin unlike some altcoin and shitcoins that it sustainability is very minimal. Now take a look at the current price movement of Bitcoin right now, doesn't it ring a bell to you on what will be ahead of the upcoming year?

[Mayor of ogba]

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Mate, this thread is to buy the Bitcoin dip, and Hodl and not for shitcoin discussion. If you are telling people to invest in shitcoin it means you are against us and your post is spam because it goes against our discussion, we only mentioned shitcoin on this thread when we want to advise newbies not to invest in shitcoin. What is the need to tell people to invest money in something that will possibly scam them off their money? Mate, Bitcoin has been around for 14 years now and it gives you self-control over your money, you don't need any third party before you can make a transaction with Bitcoin, there is nothing like Bitcoin and there will never be.

[adultcrypto]

If you are bitcoin maximalist then go with bitcoin since this is really good coin to hodl. But if you are a risk taker then try to venture for multiple risky options and try to test out what will be the shitcoin market show some result to us this last month of the year or maybe also in next year.

Mate, this thread is to buy the Bitcoin dip, and Hodl and not for shitcoin discussion. If you are telling people to invest in shitcoin it means you are against us and your post is spam because it goes against our discussion, we only mentioned shitcoin on this thread when we want to advise newbies not to invest in shitcoin. What is the need to tell people to invest money in something that will possibly scam them off their money? Mate, Bitcoin has been around for 14 years now and it gives you self-control over your money, you don't need any third party before you can make a transaction with Bitcoin, there is nothing like Bitcoin and there will never be.

The truth is that a lot of people started their digital journey through the hype of shitcoins. Few that are fortunate to dump on the others and make some money have the feeling that they will be successful all the time. Unfortunately, there is no consistency in shitcoins and the rate of failure is over 95%, in my opinion, this is a risk to high to consider.

We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

[Justbillywitt]

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

I received a payment from a job I did for a client, I had in mind to invest part of the money in Bitcoin, so I divided the one I have in mind to invest into three parts. 50%,  30%, and 20%. I use the 50% and bought Bitcoin immediately. I kept the 30% which am using for DCA and the remaining 20% is  what I will use to buy any dip.
I wasn't using this approach before, but I learnt it from this place. So this is what I have been doing for the past week.

[avp2306]

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

I received a payment from a job I did for a client, I had in mind to invest part of the money in Bitcoin, so I divided the one I have in mind to invest into three parts. 50%,  30%, and 20%. I use the 50% and bought Bitcoin immediately. I kept the 30% which am using for DCA and the remaining 20% is  what I will use to buy any dip.
I wasn't using this approach before, but I learnt it from this place. So this is what I have been doing for the past week.

This is what I actually doing now and I think using 30% to 50% of my salary for accumulating is best choice to do especially right now we are really seeing a great changes happen to bitcoin. $40k is almost knocking on our doors now and I'm thinking to use my Christmas bonus to buy bitcoin to increase my holdings. I really do believe that in year 2024 we can see more great pumps.

That's why as title of this thread I also believe as what it say buy and HODL!.

[Salahmu]

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

I received a payment from a job I did for a client, I had in mind to invest part of the money in Bitcoin, so I divided the one I have in mind to invest into three parts. 50%,  30%, and 20%. I use the 50% and bought Bitcoin immediately. I kept the 30% which am using for DCA and the remaining 20% is  what I will use to buy any dip.
I wasn't using this approach before, but I learnt it from this place. So this is what I have been doing for the past week.

This is what I actually doing now and I think using 30% to 50% of my salary for accumulating is best choice to do especially right now we are really seeing a great changes happen to bitcoin. $40k is almost knocking on our doors now and I'm thinking to use my Christmas bonus to buy bitcoin to increase my holdings. I really do believe that in year 2024 we can see more great pumps.

That's why as title of this thread I also believe as what it say buy and HODL!.

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

[JayJuanGee]

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

I received a payment from a job I did for a client, I had in mind to invest part of the money in Bitcoin, so I divided the one I have in mind to invest into three parts. 50%,  30%, and 20%. I use the 50% and bought Bitcoin immediately. I kept the 30% which am using for DCA and the remaining 20% is  what I will use to buy any dip.
I wasn't using this approach before, but I learnt it from this place. So this is what I have been doing for the past week.

This is what I actually doing now and I think using 30% to 50% of my salary for accumulating is best choice to do especially right now we are really seeing a great changes happen to bitcoin. $40k is almost knocking on our doors now and I'm thinking to use my Christmas bonus to buy bitcoin to increase my holdings. I really do believe that in year 2024 we can see more great pumps.

That's why as title of this thread I also believe as what it say buy and HODL!.

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

I agree with you Salahmu that it makes more sense to be able to stick with it and not to overdo it, but if a person has his/her emergency fund in strong standings, then it might not hurt to have some periods of increasingly buying BTC.. but also when someone is being so aggressive with his/her monthly BTC buying there may be some needs to have some funds to be available on the side for buying on dips. 

It can be difficult to really determine if someone might be overdoing it or not, until some kind of a negative event or an emergency comes and then if s/he is saying that he does not have any money and blah blah blah, there might have been some mistakes earlier in the process that ended up putting him/her into that position of not being able to sustainably invest in BTC and especially not be able to buy when the BTC price ends up going down... that is if it does end up going down, because there is no guarantee, either way, so that is part of the difficulties in trying to strike some kind of a balance to prepare for either price direction and to be aggressive at the same time.

[Dr.Bitcoin_Strange]

The truth is that a lot of people started their digital journey  the hype of shitcoins. Few that are fortunate to dump on the others and make some money have the feeling that they will be successful all the time. Unfortunately, there is no consistency in shitcoins and the rate of failure is over 95%, in my opinion, this is a risk to high to consider.

It's true that some people got into the crypto space through some of those altcoins, but along the line, I think that most of them fell out of love with altcoins and embraced Bitcoin because of how consistent and dominant it has been. For example, in the past 5 years, there were some of those altcoins that were in the top 2 to 10 rankings, but if you look in the space today, you cannot find those coins again ranking in the top 10.

We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.

[red4slash]

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

Because our focus is long-term with a slightly longer duration so that when the temporary increase that is happening now does not really have any impact on the confidence we have but on the other hand when other people are selling now I don't think it can be said to be wrong either (although this is not really in accordance with the criteria for long-term investment) but because they already feel profitable with what they have then it is indeed back to themselves whether they sell or not because if they do sell it means that their target is indeed here for sales.
It's just advice when you sell at the current price and when you release the bitcoin you have sometimes you can't buy it back because of the price so this needs to be thought out more carefully for those who are selling at this time unless they want to wait longer to get bitcoin back at a cheaper price which in my opinion that way is not worth it when you have to wait for bitcoin to have problems again because now it doesn't seem like the time for that because bitcoin is still bullish.
This is the problem of investors because what needs to be realised is not buying and selling but our strength in holding which sometimes in this phase we always fail.

[Ruttoshi]

Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.

Bitcoin is the ultimate of cryptocurrency and that is why you will see that those investors who invested in altcoins due to greed because they want to get rich quick, after they have been disappointed and regret their actions, will come back to invest in bitcoin because they have realized their mistake and want to make things right.  The time that they were suppose to use to build up their portfolio to a good level, they must have wasted it on buying and keeping those garbage.

Bitcoin investment needs patience, and it is worth waiting a very long time for it to mature to that target that we want, and this can be achieved by regular DCA weekly or monthly because it a a real life investment. This is why it is better to start investing now than think of other altcoins because they can never be like bitcoin.

[Churchillvv]

Sure.. no problem.. but still how you going to guide people with "just say no to shitcoins.".. even though frequently I do say fuck shitcoins, but if you are going to do them, no more than 10% or the size of your bitcoin investment... and whatever, you can tell people whatever you like and I don't feel like I am encouraging them.. because I do also say stay away from shitcoins.. and also there are some people who are very poor.. like $10 per week or even some low amounts and they are wanting to divide to do part in bitcoin and part in shitcoins... so yeah.. are they going to listen?  I am not sure... I mostly think that they won't but it is better to say something than not to say anything at all.. even though some people are not even going to be receptive to listening anyhow.. so they might even be more of a lost cause and just have to learn through their experiences.

The fact that you clarified the situation of shitcoins investment has taught me alot, to buttress if anyone wishes to invest in shitcoins s/he should invest only least less than 10% which means if someone can actually afford to involve in shitcoins it shouldn't be an amount that is greater than nor half neither quarter of his/her investment in Bitcoin. Moreso, s/he must be well accountable for his or her action. I also observed that the example was meant for those who would constantly refuse advise not to get involved with shitcoins but since they maybe not be able to harken to advises its better to devices a means to reduce the out come of regret in their action. at the end it all boils down to say that one should try as much as possible to avoid shitcoins.

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

Because our focus is long-term with a slightly longer duration so that when the temporary increase that is happening now does not really have any impact on the confidence we have but on the other hand when other people are selling now I don't think it can be said to be wrong either (although this is not really in accordance with the criteria for long-term investment) but because they already feel profitable with what they have then it is indeed back to themselves whether they sell or not because if they do sell it means that their target is indeed here for sales.
It's just advice when you sell at the current price and when you release the bitcoin you have sometimes you can't buy it back because of the price so this needs to be thought out more carefully for those who are selling at this time unless they want to wait longer to get bitcoin back at a cheaper price which in my opinion that way is not worth it when you have to wait for bitcoin to have problems again because now it doesn't seem like the time for that because bitcoin is still bullish.
This is the problem of investors because what needs to be realised is not buying and selling but our strength in holding which sometimes in this phase we always fail.

I couldn't comprehend the point you're trying to foster well enough @red4slash but to digress the whole point you might be trying to say.
@Queentoshi you do not need a perfect time to invest in Bitcoin based on what I have learnt here in this thread, every time is always the time to buy, you might be waiting to a bearish market when you have the capital to invest but it may not come. So that is why the DCA method of accumulation was introduced in order for anyone not to miss out the opportunity while waiting for the perfect time to buy.
Even outside the forum time waits for nobody, most people do say opportunities don't come you create opportunities by investing when you have, you stand to chance of not missing out but when you wait for a time to come which may not come you can eventually miss what is important to you. So do not wait for the right time to come before you invest, start where you can, start now, today hence you don't miss your chances because emergencies can take up the said capital you wish to invest in Bitcoin do it now not later.

We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.

It's true people hardly listen to good advise of this nature hence I believe every one has the right to make decisions but after making such decision they shouldn't cry out to anyone that they lots their money in shitcoins because not even me nor you will be ready to listen to such trash.