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Author Topic: Buy the DIP, and HODL!  (Read 77466 times)
Xcode7
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January 03, 2024, 08:03:13 AM
 #4881

No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.
The possibility of large profits is one of the incentives for doing this, especially for those who are greedy, their positive thinking will of course be closed and only think and imagine the possible profits they will get from investing in shitcoins.
Never give advice to people who are greedy, they are like people who fall in love, they are blind.
Let experience teach them and the percentage is more than 90% they will learn lessons and regret.

I'm sure everyone is aware of the advantages of investing in Bitcin, but again, Bitcin is an investment that tends to be stable and has a percentage of profits and losses that are very worth it and even if you can hold it longer, there is a big possibility of getting a profit, but greedy people want it more than that return.

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January 03, 2024, 08:38:52 AM
 #4882

No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.
We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.

Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.

And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.

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HelliumZ
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January 03, 2024, 08:56:39 AM
 #4883


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.

avp2306
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January 03, 2024, 09:31:49 AM
 #4884

Bitcoin is the most reliable digital currency for long-term employment. As Bitcoin is one of the most reliable digital currencies, most people invest in this investment platform. For those who invest regularly in Bitcoin, there is no specific time to invest in Bitcoin, rather the time when they invest is the best time for them. 

Investing in Bitcoin requires waiting, but that wait is not short-term but long-term. There are some investors who invest in bitcoins but later on they need or see little profit and they sell their investment in this case I wouldn't call their investment a successful investment at all. You can tell me that investment is done in anticipation of good things and for your own needs, so it is natural to sell your investment when you need your money. In this case, I will tell you why you should invest that amount of money in Bitcoin if you think you need it.

There are many differences between investing in Bitcoin and investing in Bitcoin for the long term. After you invest in Bitcoin, let's say the price of Bitcoin goes up a bit and you make some profit and you sell that profit, but when you sell that investment after five to seven years, imagine where your profit could be. It is recommended to invest that amount of money which will not affect your life badly. No investor has ever told you that you have to invest all your money in Bitcoin without taking care of your family's needs or that you have to invest in Bitcoin without worrying about the financial crisis ahead. 

Invest a relatively small amount of money in Bitcoin but try to hold it for a long time even if you invest a small amount of Bitcoin.

I personally believe that in some cases, you can do both.  You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.

It also came out on my mind that sometimes putting all our balances on single investment like BTC to hold is kinda boring since we can actually split some balances then use it for adding your stash and use other large part for holding.

For this maybe we can see more result also we can get updated to the latest movement of bitcoin and can learn a lot thru the experiences we encounter while trying to earn bitcoins.

As you said its really have to have good alternative plans set so we can do something if the other method we use is not working for us and can plan other things to possible maximize all things that can possibly benefit us.

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Obim34
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January 03, 2024, 10:03:33 AM
 #4885

We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.

Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.

And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.
Having the understanding of every investment are based on ones free will and how he considers the currency to be of good benefits. Bitcoin is actually the best among every other currencies but trust me there have been many other altcoins which have given more profits to their investors than that of Bitcoin, this has raised the comparison over the years.

Getting to know about Bitcoin, they fail to understand that Bitcoin has more even potentials than any other currency starting from its usefulness and world adaption, not any other crypto currency have this potentials. They fail to learn the possibilities around Bitcoin, most people do not know how the market operates as to know when to begin investing wholesomely catching the DIP and when to apply the DCA strategy. Both can be applied simultaneously when there is full understanding of the market


Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
Its a good thing to do your own research before investing in any cryptocurrency, yes! even Bitcoin. Most people due to hearing about Bitcoin from friends and the internet just decides putting their money into it without any fundamental knowledge to guide them, seeing a little price down in the market will cause them pressure and if not advised this is where most of them will sell off and take loss from their investment. So people should know more about Bitoin or any Altcoin before casting their money into investing, mostly the Altcoins. It is said all Shitcoins are Altcoins but not all Altcoins are Shitcoins, so  make close analysis before investing.

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January 03, 2024, 12:18:17 PM
Merited by JayJuanGee (1)
 #4886


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
In general, I really agree with your opinion. However, there are some of your opinions which, in my personal view, are a bit inaccurate. One of them is about your opinion which says that bitcoin has no risk In my opinion, this opinion is a bit inaccurate, even though Bitcoin is indeed a superior and best crypto asset among other crypto assets. However, Bitcoin still has risks that we must continue to be aware of. Even though the risk is very minimal or small, a risk is still a risk and we must not forget this risk. So in conclusion, if you say Bitcoin has no risk, then that opinion is not true. However, in my opinion, a more accurate opinion is that Bitcoin has little risk compared to other crypto assets.

Apart from that, you also said, if you want to invest in bitcoin
Buy, DIP, and wait for the bull market.
This opinion is basically very correct, but I personally think there is no harm in adding DYOR to these words. Because even though Bitcoin does have a regular cycle every four years. However, there is no harm in carrying out independent analysis, because independent analysis in an investment is very important and this also applies to bitcoin investments. So the point is that you always have to be careful and alert, even if the asset you invest in is Bitcoin. Because no one knows what the bitcoin market will be like in the future. For this reason, independent and careful analysis is needed, in order to further minimize the worst risks that could occur.

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Wakate
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January 03, 2024, 01:05:12 PM
Merited by Y3shot (1)
 #4887


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
I can see that everyone wants to buy at the dip. The question now is, How can we buy the dip? This is the question we need to ask ourselves rather that saying and advising people to buy at the dip. Sometimes we might think that we have bought at the dip and the market changes move against us. The market is not that easy to understand only those that had been in the market for long and have study the market for a long time could know how to foreseen when to buy and how to know if it is the dip or not.

I want to buy the dip and you want to buy the dip too, so how how are we going to do that? The market works based on demand and supply. The highest bid is the direction the market will face based on liquidity. Sometimes the market might would to clear out our position by faking wrong moves clearing out stop loses before continue moving to the trendy or opposite direction.

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Patrol69
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January 03, 2024, 01:27:36 PM
 #4888

No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.
We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.

Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.

And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.
For trading a trader can plan with other coins in the market apart from Bitcoin but for long term investment it makes no sense to plan with other coils of the market. If any coin is selected for investment it will be Bitcoin and no coin should be selected for investment other than Bitcoin. 

Investing is already risky because the price of Bitcoin is changing regularly, while investing in a coin that can disappear from the market at any time, it cannot be a wrong decision for the investor. Other coins in the market are never suitable for long term investment. Other coins in the market change with the price of bitcoin, if the price of bitcoin increases more, then other coins in the market increase slightly, but if some dumping is seen in the market of bitcoin, then large dumping can be observed in other coins in the market. It can be seen that an investor invests in other coins in the market other than Bitcoin in a long term plan and after a long period sees that the price of Bitcoin has doubled but the value of that other coin is below its previous position. Don't invest in other coins in the market for testing either. 

Since our plan is long-term, investing in a reliable coin will definitely be the best decision for us. Getting your wallet password right is just as important as investing.


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
Investing in Bitcoin is much less risky than investing in other coils of the market, but investing in Bitcoin is not risk free. You are investing your money and anything can happen to you here so it cannot be called absolutely risk free but we can say that the risk is much less compared to other coins. When investing in other coins, we have to worry that these coins may be lost at any time or its value may go down at any time, but when we invest in Bitcoin, we do not have to worry about this. Bitcoin is a very reliable investment platform and its value never fluctuates like the value of Sheetcoin is the specialty of investing in Bitcoin.
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January 03, 2024, 02:58:01 PM
Merited by HelliumZ (1)
 #4889


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.



I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)

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January 03, 2024, 03:35:08 PM
 #4890


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.



I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)
I have seen this a few times before so this temporary change in the market is not affecting me much. Bitcoin price suddenly dropped from $45,000 to $40,000, and very quickly from $40,000 to $42,000, Bitcoin is still hovering just above $42,000. I think this is a temporary change in the market and if this change is a long-term change, I am not too worried because the market was between 42 thousand and 43 thousand dollars a few days ago. In the span of a day, Bitcoin hit $45,000 and some dumping is normal from there. Since I have been investing and holding investments in Bitcoin for a long time, I am used to it and I believe that the market will return to its normal level again very soon. 

You are probably asking to buy bitcoin at $42k, investors are not really waiting for that much opportunity, traders are probably waiting for such an opportunity and it might be a good decision for them to buy at $42k and sell at $45k.
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January 03, 2024, 03:51:43 PM
Merited by JayJuanGee (1)
 #4891

If you waited for 2 months and now you are buying, then you still have to be careful regarding how you do it. 

Of course, if you have been buying for the last 6-12 months, you are feeling pretty smart right now, and even if you have been buying for the last two to three years, you are still feeling smart as long as you continued to buy through the whole times.

The ONLY ones who might be feeling like dummies right now are those who made lump sum buys at various points in 2021 when BTC prices were higher than now, and they are just waiting for the BTC price to return to those prices so they can get out of the red.. however those who continued to buy have brought down their average cost per BTC to quite a bit lower than what their entry price would have had been, and sure maybe some of those folks are regretting that they did not bring down their cost per BTC more by having had been more aggressive, but now it is seeming too late since the price is returning higher.. at least for those people, but at the same time, they don't really have a choice.  Each of us can ONLY decide what to do based on today, and we cannot rewind the clock to do what we should have had done at earler times.

If anyone getting into bitcoin today has an investment timeline of 4-10 years or longer, then surely those people should be getting in and getting started rather than waiting.. . and the ones who wait may also be similar to altcoin pumpers or bitcoin naysayers or no coiners or low coiners, but each of the categories of kinds of people is in a slightly different camp regarding why he is failing/refusing to sufficiently/adequately buy bitcoin... and the really scared ones might just want to start with $10 per week rather than starting with $100 per week, yet one of the problems of under-investing is that if the BTC price goes shooting up, then they could end up causing themselves regret because they had been so whimpy in their investment and they convert into FOMOing into bitcoin at higher prices because they failed/refused to sufficiently/adequately prepare for up when they should have had been (when the prices were lower.. or just on an ongoing basis for years and years and years, and then after a while they might see the benefits down the road. .but the benefits may well not end up happening in any kind of immediate timeline.. except maybe some people investing in the last 3-4 months might be feeling some immediate pay outs, and even those who started a year ago, they likely feel ongoing payouts because the price went up a lot in the last year, just short of 3x.. so far).

So some people do end up getting lucky but not necessarily realizing that they were lucky that the price went up, but sometimes they do not accumulate enough coins because sometimes they get lazy (in their BTC accumulation) when the BTC price is going up.
It is even possible that those people who are in the waiting camp category that don't want to take advantage of the market to buy now that the price is 42k+, might end up being a no coiner because if they cannot buy when the price was 28k, and can't buy now, they wouldn't be able to buy when the price is higher than this price, which is what we are expecting to happen soon. Maybe when they will buy might be after this circle when they have wasted a lot of time that they were suppose to be using to grow their investment. However, I cannot be 100% correct because some of them will finally buy due to FOMO when the price will be higher than this.

It is these set of people that bought when the price will be higher than this price, that might be expecting a lot from bitcoin price and if they don't hodli for long term into the end of next circle bull run, they might end up at loss because they failed to buy at the time that they could get started, instead they were waiting for the price to dip to their own expected price. It is very sad to see that when you can invest aggressively into bitcoin at a price that you can afford to buy but because of doubt, you chose to buy with an amount that you think is cool with you and the price of bitcoin shoots up, you then check your bitcoin portfolio and saw that it is very low, you must regret and hate yourself for not buying aggressively then. Such thing has happened to me and that was when I learnt that as long as you are in the position to buy aggressively without being stressful to your cash inflow, you take advantage of it. So that you will be happy with your actions rather than regretting it.

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January 03, 2024, 04:02:10 PM
Merited by Smartvirus (2), GiftedMAN (1), Mr.suevie (1)
 #4892




I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)
Hey dude!
What you see on the chart is not the real definition of a dip...maybe I have to ask you how you were able to conclude that it's a real dip.
I think there are some questions you need to ask yourself before concluding that you have seen a dip and you needed to buy. Take a quick look here;

1) Does a sudden crash in price literally means a dip? Can one buy at that price?
2) What's the market structure of the current market?
3) Could the current price be a fake out or a real move?
4) What timeframe is to be used to know the real movement of trend? Most time using higher timeframe is better to avoid market randomness.
5) What kind of trader I am? Scalper, day trader, swing or position trader? The kind of trader that you are would determine the kind of timeframe to be used in the market often.

The above question need to be answered so it would guide you not to take the wrong step in the market as a trader. We are in the market to learn and make profits. If we don't learn, we might keep getting the adverse side of the market, that is why it's good to keep learning as we are trading.
Learning and debugging our trades is very important!

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January 03, 2024, 04:28:42 PM
 #4893


We need to cultivate the habit of investing and carefully handling the money that we have invested in bitcoin. They say the habit is formed after three times, and that's how I learned to save and invest. I am not rich, and I think the amounts of my first monthly investments would make you smile, but nevertheless I am now also in business, and recently I managed to replenish my wallet so that I do not believe looking at my Trust Wallet.
You are right, you cannot sell at the first growth of any token in a long time, and of course bitcoin. Today he pleasantly surprised us all, as he has in recent weeks, and this is great, because now is the time of miracles. And friends, I want to tell you that I am proud of myself that I am not investing in strange altcoins, but in the first and main crypto coin - BTC.

When I reconsidered my entire journey as an investor, I realized that I was tired of looking for new coins, listening to the advice of “professionals” and at the same time losing money every time on unsuccessful investments, then I decided not to chase an insane increase in my deposit, but simply invest in Bitcoin.
And only into him.
Oh, friends, how much criticism I have heard addressed to me!
“Everyone multiply deposits by 100 times until your Bitcoin makes x 2.” And a lot of similar things.
BUT all this was at a price of 28k.
What is our price now?
And where are these advisers?
They shut up now.

And I want to add that I really like investing in Bitcoin because I am always calm, because I know that various altcoins will die, and Bitcoin is the last immortal stronghold.
Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.
No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.

Mate, people listen to their instinct which most times doesn't tell them the truth, many of them doesn't understand that bitcoin price controls the price of other coin and this is because they fail to understand the concept of both crypto and bitcoin itself, the anxiousness of making quick money has weaken much investor thinking, this has reduce their interest in making thorough investigation about a coin before investing, any day any time bitcoin is the master of them all but many of this folks doesn't feel that this facts are real, the live the mean thing to continue to chase shadows which may ripped them off their funds if care is not taken, a good investor considers so many things before investing, first all he or she looks at the risk involved if it is worth it, the long-term possible profit and life spam of such business, if the investment will be in existence in a long run, but a weak and unrealistic investor chase immediate fortune that may not come as he or she plans it.

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January 03, 2024, 06:08:51 PM
Merited by JayJuanGee (1)
 #4894


We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
In general, I really agree with your opinion. However, there are some of your opinions which, in my personal view, are a bit inaccurate. One of them is about your opinion which says that bitcoin has no risk In my opinion, this opinion is a bit inaccurate, even though Bitcoin is indeed a superior and best crypto asset among other crypto assets. However, Bitcoin still has risks that we must continue to be aware of. Even though the risk is very minimal or small, a risk is still a risk and we must not forget this risk. So in conclusion, if you say Bitcoin has no risk, then that opinion is not true. However, in my opinion, a more accurate opinion is that Bitcoin has little risk compared to other crypto assets.
Every investment has its own risk attached to it, and bitcoin is a very risky investment due to its volatile nature. This is why it is advisable to invest in long term with the amount that you will not need in a long time to limit the risk attached to bitcoin. This is why it is not advisable to start trading the bitcoin that you bought for little profit because you might run at loss and regret your action later. Why should you talk about altcoins, it is better that you stay focus on bitcoin since they are in the same line of investment, because it is the most valuable and has high potential than those shitcoins. So why do you want to waste your time to DYOR on valueless coins.


Apart from that, you also said, if you want to invest in bitcoin
Buy, DIP, and wait for the bull market.
This opinion is basically very correct, but I personally think there is no harm in adding DYOR to these words. Because even though Bitcoin does have a regular cycle every four years. However, there is no harm in carrying out independent analysis, because independent analysis in an investment is very important and this also applies to bitcoin investments. So the point is that you always have to be careful and alert, even if the asset you invest in is Bitcoin. Because no one knows what the bitcoin market will be like in the future. For this reason, independent and careful analysis is needed, in order to further minimize the worst risks that could occur.
A newbie that wants to start its bitcoin investment only needs to know the basics of bitcoin and get started because his main focus and target is to invest in a long term and so he only needs to continue accumulating his bitcoin through DCA strategy, provided that he has already taken care of his monthly needs and availability of emergency and reserve funds. If he wants to start focusing on market analysis, he might lose focus but if he has achieve 70% of his bitcoin target, he might choose analyse

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January 03, 2024, 08:01:43 PM
 #4895


We need to cultivate the habit of investing and carefully handling the money that we have invested in bitcoin. They say the habit is formed after three times, and that's how I learned to save and invest. I am not rich, and I think the amounts of my first monthly investments would make you smile, but nevertheless I am now also in business, and recently I managed to replenish my wallet so that I do not believe looking at my Trust Wallet.
You are right, you cannot sell at the first growth of any token in a long time, and of course bitcoin. Today he pleasantly surprised us all, as he has in recent weeks, and this is great, because now is the time of miracles. And friends, I want to tell you that I am proud of myself that I am not investing in strange altcoins, but in the first and main crypto coin - BTC.

When I reconsidered my entire journey as an investor, I realized that I was tired of looking for new coins, listening to the advice of “professionals” and at the same time losing money every time on unsuccessful investments, then I decided not to chase an insane increase in my deposit, but simply invest in Bitcoin.
And only into him.
Oh, friends, how much criticism I have heard addressed to me!
“Everyone multiply deposits by 100 times until your Bitcoin makes x 2.” And a lot of similar things.
BUT all this was at a price of 28k.
What is our price now?
And where are these advisers?
They shut up now.

And I want to add that I really like investing in Bitcoin because I am always calm, because I know that various altcoins will die, and Bitcoin is the last immortal stronghold.
Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.

That's right, during the ICO boom it was easy to earn altcoins and they grew quickly, while Bitcoin did not show such growth in price. At the same time, in those days, I heard the thought of one experienced friend: that these positive times will pass and it is not worth giving Bitcoin for what shitcoins. Then I thought this was a strange idea, because all the new projects with their coins promised to be promising.
And so I made the first mistake by investing in a scam, and then again and again.
And I realized that in this way I was simply exchanging my BTC for empty promises. At the same time, I felt sorry for the time I spent studying these projects, and I simply began to ignore this hype. And everything became simple and clear.
While there was a lot of news in the news feed about how another new revolutionary coin turned out to be a scam.
And now, having several stable coins in addition to BTC, I’m just HODL and witing for a new DIP (or ATH Cheesy)

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January 03, 2024, 08:23:16 PM
Merited by Sim_card (2), JayJuanGee (1)
 #4896


We need to cultivate the habit of investing and carefully handling the money that we have invested in bitcoin. They say the habit is formed after three times, and that's how I learned to save and invest. I am not rich, and I think the amounts of my first monthly investments would make you smile, but nevertheless I am now also in business, and recently I managed to replenish my wallet so that I do not believe looking at my Trust Wallet.
You are right, you cannot sell at the first growth of any token in a long time, and of course bitcoin. Today he pleasantly surprised us all, as he has in recent weeks, and this is great, because now is the time of miracles. And friends, I want to tell you that I am proud of myself that I am not investing in strange altcoins, but in the first and main crypto coin - BTC.

When I reconsidered my entire journey as an investor, I realized that I was tired of looking for new coins, listening to the advice of “professionals” and at the same time losing money every time on unsuccessful investments, then I decided not to chase an insane increase in my deposit, but simply invest in Bitcoin.
And only into him.
Oh, friends, how much criticism I have heard addressed to me!
“Everyone multiply deposits by 100 times until your Bitcoin makes x 2.” And a lot of similar things.
BUT all this was at a price of 28k.
What is our price now?
And where are these advisers?
They shut up now.

And I want to add that I really like investing in Bitcoin because I am always calm, because I know that various altcoins will die, and Bitcoin is the last immortal stronghold.
Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.
No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.

Mate, people listen to their instinct which most times doesn't tell them the truth, many of them doesn't understand that bitcoin price controls the price of other coin and this is because they fail to understand the concept of both crypto and bitcoin itself, the anxiousness of making quick money has weaken much investor thinking, this has reduce their interest in making thorough investigation about a coin before investing, any day any time bitcoin is the master of them all but many of this folks doesn't feel that this facts are real, the live the mean thing to continue to chase shadows which may ripped them off their funds if care is not taken, a good investor considers so many things before investing, first all he or she looks at the risk involved if it is worth it, the long-term possible profit and life spam of such business, if the investment will be in existence in a long run, but a weak and unrealistic investor chase immediate fortune that may not come as he or she plans it.
What do you think about investors who forget about the risk and focus more on the profit, firstly it sounds funny and even in the Altcoin board have seen a lot of threads discussing about different coins trying to outshine bitcoin and it sounds funny. As an investors never get tired of learning and making research cause with the knowledge and right investment choice it will be stress free. If every newbie will focus more on bitcoin and forgetting about new coins then it will be simply to handle, one thing I observed about learning not just investing only but generally, when learning it's best not to jampack different ideas and innovation in just a period of time but gradually can make one perfect, like for newbies trying to know more about bitcoin they should stick on learning more about bitcoin for the moment, sometimes what with the idea of choosing different coins and comparing it with bitcoin it doesn't make any sense, people like this always need to learn and take corrections so they will not experience loss in their investment.
That's why using the DCA strategy for investing in bitcoin for long term has save a lot of investors from loss and investors who had the wrong impression about bitcoin investment, when I heard about bitcoin investment I never knew about the DCA strategy until I read about it and in my opinion it's the best strategy one can ever use not just newbie but everyone.

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January 03, 2024, 08:48:50 PM
Merited by JayJuanGee (1)
 #4897


It is exactly true that sometimes we make mistakes and we have trouble figuring out a way to extricate ourselves from the situation that we put ourselves, and similar things can happen from NOT buying bitcoin or even selling too much too early. .and we sometimes will trap ourselves into feeling that we have to wait to make a new entry point because we might consider that we are either locking in losses, or buying higher than we could have or buying higher than the price that we sold.

The mistake was the common one,many people had start to buy the bitcoin by seeing the 3k pump in the bitcoin price.So it’s never exactly expected by many people on the market bear of 3k in the short run.But the exact reason will be know by the experienced people,this is just the small dump after the new all time high.Many traders had sold their valuable bitcoin to get some profit for the long term holding bitcoin.Now the market will back to the 45k after few days,we should wait for the next correction in the bitcoin to 45k dollars again.



Shitcoins lend complexity because they should be considered as "in and out" kinds of holdings, but some people get into shitcoins and do not realize that they are "in and out" holdings, and they were investing under a different presumption, such as long term investment and maybe even like 10 years or more, and so when they believe that they got in super cheap because it was only a few dollars or even pennies, but then its price ends up going 80% lower, there can be some bafflement regarding how their beloved "investment" aka piece of shit is ever going to recover in the supposed rosey pictured world-changing vision that was being promoted at the earlier date.

The traders should not invest their money in the altcoin by seeing the price movement alone,because some of the altcoin will began with the 100 percentage to get the buyers in the market.But in the couple of months we can able to see the same amount of the reduction in the altcoin price market change.So check the altcoin background like the owner profile to avoid of losing the funds in the shitcoin.

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January 03, 2024, 09:20:45 PM
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 #4898

I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)
Yup, with these crashes all of a sudden. The market is still giving them opportunity to buy and hold. Because when the price is quite high, all they do is complain that they can't buy it anymore as it is already expensive. But they can still buy even with that price but the quantity of Bitcoin they'll able to get is lesser.

So, with the market crash. Everyone is saying that it is about the latest ugly news about someone's speculation that ETF won't do shit on this market and SEC won't give a go.

Whoever made that news sees that people are still too emotional when some unexpected news like that comes out.

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January 03, 2024, 09:39:03 PM
Merited by jossiel (1)
 #4899

I personally believe that in some cases, you can do both.  You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.
Investors invest with the assumption that they will make a profit as well as lose their money. An investor has no reason to think that his investment will only bring him profit because he at least knows that the market is changing at every step and the change can be both positive and negative. Since changes in the market can be both positive and negative, the investor's money is at some risk and investors invest with this money risk. A new investor invests bitcoins and before investing he first plans that he will hold his bitcoins for a long time but as easily as he plans that plan will not be implemented so easily.

A professional investor can easily hold his investment for a long time but a novice investor cannot easily hold his investment for a long time. A new investor faces various challenges in holding his investment for a long period of time and those who can face these challenges end up holding on to their investment but those who cannot face these challenges sell their investments in short order. If you invest, you should invest in such a way that you don't have to sell the investment later.
We should give as much importance to investment as we give to our mother's ornaments and wife's ornaments. Just as we never think of selling our wife or wife's jewelry even in the face of many financial crises, we never think of selling our investments no matter how dangerous the situation. 

Investing a relatively small amount of money is a good decision if it can be held for a long time, but investing a large amount of money temporarily is of no use if the investment has to be sold after some time.

I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage.  The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.

The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.  

So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.

Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.

That is a good point.  It is true that FinePoine0 is describing his bitcoin experience in terms of various kinds of short term gratification, and he likely is not going to be able to get long term benefits and who knows how he is playing his trade.

There are some people who come to bitcoin as traders but they end up converting to investors.. so we do not all start from the same place, even though it seems when the relatively newbie guys are getting so excited about short-term profits, they don't seem to be considering their bitcoin holdings in terms of it's longer term ramifications...even if they are trying to appear that the are talking the talk.. but they are seeming to be faking it...
@FinePoine0 probably sees investing and trading as the same thing and thinks they are the same. There are many differences between investing and trading in a practical sense. Trading is like a normal business, just as traders buy a commodity at a relatively low price and sell it at a higher price, in trading a trader buys a coin at a lower price and sells it at a higher price. Just as business is not always profitable, sometimes the trader sells his products at a relatively small loss, so in trading, a trader sometimes sells his coins at a small loss. 

There is no hassle in selling the investment but an investor can buy a particular one regularly if he wants and increase his investment amount. 
@FinePoine0 Hope you understand the difference between investing and trading.

These are all good points Litzki1990, and surely if there is taking profits in dollars versus building up a bitcoin stash, then there may be some ideas that the bitcoin stash is going to give options in the future, such as 4-10 years or more down the road, or even a further out timeline.. so then there still could be questions in regards to thinking about the dollar value or to think of the building up of the asset, and sometimes it can be confusing, especially if a person might be spending a lot of time getting in and out of the asset, then that person may well be overly focused on short-term dollar value, but a person who builds up the asset might still be considering the dollar value, but in a longer time frame with some possibility of compounding of the value over that longer time frame.

Bitcoin is the most reliable digital currency for long-term employment. As Bitcoin is one of the most reliable digital currencies, most people invest in this investment platform. For those who invest regularly in Bitcoin, there is no specific time to invest in Bitcoin, rather the time when they invest is the best time for them. 

Investing in Bitcoin requires waiting, but that wait is not short-term but long-term. There are some investors who invest in bitcoins but later on they need or see little profit and they sell their investment in this case I wouldn't call their investment a successful investment at all. You can tell me that investment is done in anticipation of good things and for your own needs, so it is natural to sell your investment when you need your money. In this case, I will tell you why you should invest that amount of money in Bitcoin if you think you need it.

There are many differences between investing in Bitcoin and investing in Bitcoin for the long term. After you invest in Bitcoin, let's say the price of Bitcoin goes up a bit and you make some profit and you sell that profit, but when you sell that investment after five to seven years, imagine where your profit could be. It is recommended to invest that amount of money which will not affect your life badly. No investor has ever told you that you have to invest all your money in Bitcoin without taking care of your family's needs or that you have to invest in Bitcoin without worrying about the financial crisis ahead. 

Invest a relatively small amount of money in Bitcoin but try to hold it for a long time even if you invest a small amount of Bitcoin.
I personally believe that in some cases, you can do both.  You can have some BTC that you categorize as your long term HODL and you keep adding to that stash, and you can have another portion of your BTC that you decide to invest extra and then to sell some or all of that portion when (or if) the BTC price goes up; however, you still would need to be prepared if the BTC price does not go up, then you would need to have a plan for that.
It also came out on my mind that sometimes putting all our balances on single investment like BTC to hold is kinda boring since we can actually split some balances then use it for adding your stash and use other large part for holding.

For this maybe we can see more result also we can get updated to the latest movement of bitcoin and can learn a lot thru the experiences we encounter while trying to earn bitcoins.

As you said its really have to have good alternative plans set so we can do something if the other method we use is not working for us and can plan other things to possible maximize all things that can possibly benefit us.

I am not really recommending any necessity to either gamble with your bitcoin or to screw around with them, and even if you choose a strategy that is not wholely buying and accumulating bitcoin, if you do decide to trade with part of your bitcoin or to stack u extra bitcoin so that you could sell part of that portion later, then likely you should just be a very small amount since your main emphasis should be buying, holding and accumulating.  Of course, people can do what they like and they surely need to be careful to not be putting too much of their bitcoin at risk and perhaps keeping track to make sure that you are mostly accumulating bitcoin on the side of your holdings that you are building up.

So the main strategy in regards to accumulating more bitcoin is to be continuously buying it, and if you have some kind of side strategy that does actually produce additional bitcoin or additional cash, don't get that mixed up with your main strategy which is continuing to build your BTC stash until it gets to a level that is sufficient that you might move into some other kind of strategy with it... such as maintenance and/or liquidation.. and surely even if you are switching strategies, there still can be some overlap and discretionary applications regarding how you employ your specific practices.

We also cannot force them not to invest in shitcoins because each person decides to choose their investment. If they are still comfortable investing in altcoins, they will continue to do so even though it will be difficult for them to choose the altcoin because there are many altcoins on the market.

Even if they become victims of scam projects, they will not stop investing in altcoins. They still see altcoins as a driver for profits. Well, that's fine if they can find the right project. But it's not easy to find the hidden gem.

And we better stay focused on investing in Bitcoin because we may not have it for much longer. So as long as we still have time, we must keep doing it.
Having the understanding of every investment are based on ones free will and how he considers the currency to be of good benefits. Bitcoin is actually the best among every other currencies but trust me there have been many other altcoins which have given more profits to their investors than that of Bitcoin, this has raised the comparison over the years.

Getting to know about Bitcoin, they fail to understand that Bitcoin has more even potentials than any other currency starting from its usefulness and world adaption, not any other crypto currency have this potentials. They fail to learn the possibilities around Bitcoin, most people do not know how the market operates as to know when to begin investing wholesomely catching the DIP and when to apply the DCA strategy. Both can be applied simultaneously when there is full understanding of the market
Before investing in Altcoins
DYOR!
Before investing in Shitcoins
DYOR!!
Before investing in Bitcoin
Buy Dip,& Waiting For Bullrun.

Investing in Bitcoin is risk free, but investing in other altcoins does involve risk. Shitcoins are hyped in the market and once dumped from that market, there is no chance of going back. But once invested in Bitcoin, there is a good chance that Bitcoin will go back to the previous market even after the market dumping.
Its a good thing to do your own research before investing in any cryptocurrency, yes! even Bitcoin. Most people due to hearing about Bitcoin from friends and the internet just decides putting their money into it without any fundamental knowledge to guide them, seeing a little price down in the market will cause them pressure and if not advised this is where most of them will sell off and take loss from their investment. So people should know more about Bitoin or any Altcoin before casting their money into investing, mostly the Altcoins. It is said all Shitcoins are Altcoins but not all Altcoins are Shitcoins, so  make close analysis before investing.

I don't see why there is any need, in this thread, to contemplate which shitcoins are less shitty, and yes there can be and have been periods in which some shitcoins have outperformed bitcoin over various select periods of time, and there likely will continue to be periods in which some shitcoins will outperform bitcoin over various select periods of time, but even having said all of that, there still is no reason to get involved in shitcoins, and if you do get involved in shitcoins, take that dumb pump and dump (in and out) talk to another thread... there aren't any shitcoins worth holding in the long term, and if you think that they are, then discuss that somewhere else too.

[edited out]
Apart from that, you also said, if you want to invest in bitcoin
Buy, DIP, and wait for the bull market.
This opinion is basically very correct, but I personally think there is no harm in adding DYOR to these words. Because even though Bitcoin does have a regular cycle every four years. However, there is no harm in carrying out independent analysis, because independent analysis in an investment is very important and this also applies to bitcoin investments. So the point is that you always have to be careful and alert, even if the asset you invest in is Bitcoin. Because no one knows what the bitcoin market will be like in the future. For this reason, independent and careful analysis is needed, in order to further minimize the worst risks that could occur.

Likely there is a need to add the idea of get the fuck started, DCA and continue to tailor your approach of accumulating BTC to your own circumstances to employ various BTC accumulation methods until you get to your targeted accumulation level... and in regards to doing your own research, sure you are ultimately responsible for your decisions regarding what to invest into and how much to invest into, but don't get so worked up about figuring out everything and get the fuck started and learn as you go.

[edited out]

I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)

I would not call this a crash.

So far only about 10% correction from the top.. which is down to $41,454 from $45922.  Wake me up when if we go below $35k, which would be starting to get close to a 25% correction, and even then we get those kinds of corrections from time to time.. but still likely not a crash..

but hey whatever, you can use the term "crash" if that makes you feel better... for dramatic effect.

Otherwise, no problem.  Buy the dip, and if you have some cash in reserves, then be prepared for more dip, but even if it does not dip more then make sure you are prepared for UP, also.

It remains a bit diffiult to get too excited about this price correction, yet.

[edited out]
Hey dude!
What you see on the chart is not the real definition of a dip...maybe I have to ask you how you were able to conclude that it's a real dip.
I think there are some questions you need to ask yourself before concluding that you have seen a dip and you needed to buy. Take a quick look here;

1) Does a sudden crash in price literally means a dip? Can one buy at that price?
2) What's the market structure of the current market?
3) Could the current price be a fake out or a real move?
4) What timeframe is to be used to know the real movement of trend? Most time using higher timeframe is better to avoid market randomness.
5) What kind of trader I am? Scalper, day trader, swing or position trader? The kind of trader that you are would determine the kind of timeframe to be used in the market often.

The above question need to be answered so it would guide you not to take the wrong step in the market as a trader. We are in the market to learn and make profits. If we don't learn, we might keep getting the adverse side of the market, that is why it's good to keep learning as we are trading.
Learning and debugging our trades is very important!

You must be lost Wakate.  We are not talking about trading in this thread.  Yeah, I know it can be a bit confusing because the thread is suggesting to buy the dip, so that might seem like trading..

Shitcoins lend complexity because they should be considered as "in and out" kinds of holdings, but some people get into shitcoins and do not realize that they are "in and out" holdings, and they were investing under a different presumption, such as long term investment and maybe even like 10 years or more, and so when they believe that they got in super cheap because it was only a few dollars or even pennies, but then its price ends up going 80% lower, there can be some bafflement regarding how their beloved "investment" aka piece of shit is ever going to recover in the supposed rosey pictured world-changing vision that was being promoted at the earlier date.

The traders should not invest their money in the altcoin by seeing the price movement alone,because some of the altcoin will began with the 100 percentage to get the buyers in the market.But in the couple of months we can able to see the same amount of the reduction in the altcoin price market change.So check the altcoin background like the owner profile to avoid of losing the funds in the shitcoin.

Frequently, even looking into altcoins and their background and the background of their promoters is a big waste of time, but sure, if you are feeling like you have some extra time to waste, after you already have your bitcoin strategy in place, then maybe you could look into some shitcoins.

The main thing would be learning about bitcoin first, and get your strategy figured out in regards to bitcoin first, and after that there may be no real reason to fuck around with any shitcoins, but if you cannot help yourself but to fuck around with shitcoins, then at least limit that to less than 10% of your time, energies and value, in relation to your bitcoin investment... so if you are investing $10k into bitcoin, then limit your investment into shitcoins to $1k or less, and at the same time, if you lose some or all of that $1k, don't keep drawing upon your BTC stash.. have some kinds of rules to keep your limits realistic, otherwise you ongoingly have shitcoins draining your bitcoin value, so perhaps if you have already established your bitcoin investment, then maybe any new money coming in, then you could invest up to 25% into shitcoins but the other 75% would have to go into bitcoin, and once you get up to 10%, then new money coming in would have to be only 10% into bitcoin and 90% into bitcoin.... so the main idea would be to establish and to focus on your bitcoin and your bitcoin strategy first, and if you cannot control your tendencies to gamble (and to be distracted) with shitcoins, at least limit your exposure in systematic and fairly rigid ways.

I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)
Yup, with these crashes all of a sudden. The market is still giving them opportunity to buy and hold. Because when the price is quite high, all they do is complain that they can't buy it anymore as it is already expensive. But they can still buy even with that price but the quantity of Bitcoin they'll able to get is lesser.

So, with the market crash. Everyone is saying that it is about the latest ugly news about someone's speculation that ETF won't do shit on this market and SEC won't give a go.

Whoever made that news sees that people are still too emotional when some unexpected news like that comes out.

Newbies can get shaken fairly easily, so part of the volatility is likely caused by folks who are purposefully wanting to shake some newbies.

The other thing is that anyone who is either new to bitcoin or maybe in their first cycle are likely to be in a BTC accumulation phase, so they should love to be able to get bitcoin for lower prices. .and of course, it is not necessarily easy to keep buying as the income comes in, but there could be some positive thoughts, and of course, you jossiel are likely getting on two cycles, and sure it is possible that you are still accumulating bitcoin or that you made several mistakes along the way, and so it can take a while to get out of accumulation phase, even for someone who has been into bitcoin for a couple of cycles..... and I had given those kinds of examples in the past of someone who had been accumulating more aggressively compared  to someone who had not and even compared with someone who made some mistakes along the way and started accumulating more aggressively at later dates... so even someone who has been around for a while, they might have spent their first few years in bitcoin without a very good or focused plan.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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January 03, 2024, 10:12:31 PM
Merited by jossiel (1)
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I agree with you but there is nothing to do when the market suddenly crashes after you invest. Today suddenly the market has crashed so much that after investing I suddenly entered the market and saw a big fall in this case I did not get enough opportunity to do market analysis. Those who want to invest right now can definitely invest in this DIP market and wait for the next Bullrun.

Market now temporarily Crashed, Do Your Own Research (DYOR)
Yup, with these crashes all of a sudden. The market is still giving them opportunity to buy and hold. Because when the price is quite high, all they do is complain that they can't buy it anymore as it is already expensive. But they can still buy even with that price but the quantity of Bitcoin they'll able to get is lesser.

So, with the market crash. Everyone is saying that it is about the latest ugly news about someone's speculation that ETF won't do shit on this market and SEC won't give a go.

Whoever made that news sees that people are still too emotional when some unexpected news like that comes out.
Even why the price has dropped to this level some people won't still buy, they will be waiting to see if the price will fall more than this.
Some people are expert in making some bad news so that there will be panic in the market and people will start selling off, why they will be buying. Only newbies won't understand this tricks. But as an old investor who understands the game that's being played here, it's to buy while others are selling. Moreover Bitcoin will be here and will keep performing with or without the SEC giving it a go. The most important thing is to benefit from this dip by accumulating more.

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