Buy the DIP, and HODL!

[jrrsparkles]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

[1714248679]

1714248679

[1714248679]

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[MusaPk]

As you said investing million dollar as Lump sum right now will give you around 23 bitcoin and that is still far from person in Hypo-3. In hypo-3, we are investing 60$ into Bitcoin every week for ten years and now the total bitcoins are 27 and there net worth is 1 million USD.
What we can deduce is that even if you dont have million or 100k dollars funds then you can still take better osition provided you are willing to invest small amount in periodic manner (DCA).

And a Happy New Year to everyone on this thread.

Of course, there is no guarantee that DCA will outperform lump sum, but a person who has spent a lot of time investing into bitcoin has historically had pretty good results and the longer he has been investing (even relatively small amounts), it will take a whole hell of a lot of capital to catch up to him, and many of his peers will not be able to catch up to him, so the ONLY ones who are able to catch up to him are the ones who, in the past, were not his peers but maybe way richer than he was, but he has likely caught up to a lot of folks who were way better off than him historically.  We have witnessed these kinds of matters a lot in bitcoin, even though they are not necessarily guaranteed to continue to occur, even though bitcoin's investment thesis seems to be stronger these days than it was 7-10 years ago - especially if we go back before the resolution of the 2017 blocksize wars, and so even though the upside does not seem to be as great, but the investment thesis does seem to be be pretty strong these days.. including that lump summing prior to the launch of the ETFs may well be better than DCA'ing (front running a lot of the folks who are disinclined to directly own BTC - and sure there are a lot of folks who also don't directly own BTC, since they hold their coins on exchanges).. but no one really knows for sure..

What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.

[Litzki1990]

Bitcoin investment has no fixed budget, an investor will start investing according to what he can afford. Maybe $10 to $15 but investing regularly weekly or monthly will definitely increase the amount of wealth. The most important thing is to continue investing in a regular DCA method, the longer the investment age in Bitcoin, the more Bitcoin it is possible to own.
I have decided and planned to continue investing in this Bitcoin till 2030. Because I can see that Bitcoin has almost doubled in the last one year (2023). Because the more I invest the more my wealth grows.

It is true that there is no minimum amount of money to invest and an investor can invest any amount of money he wants. Although the amount to be invested is not fixed, there are some types of investment. You invest minimum 10 to 15 dollars and by investing this 10 to 15 dollars you keep it for five to seven years then will this 10 to 15 dollars give you any profit? Yes profit will definitely give but you will not understand which part is profit and which part is your capital.  

If an investor thinks he will invest on a weekly or monthly basis then he must invest consistently. We know that if an investor invests consistently, the amount of investment will be huge.  

A year of fifty-two weeks and if an investor regularly invests $15 every week, his investment amount at the end of the year will be $780, the investor. If he has a long-term investment plan invests continuously for six years, his total investment amount will be $4680. That is to say, imagine how long-term thinking about something will amount to. If you are investing according to DCA method and if your plan is till 2030 then my suggestion for you is to invest consistently.

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

2017 is now the past for us so there is no point in regretting the big opportunities we missed in 2017. Maybe then we didn't have such a good idea about holding the investment for a long time, so come 2024, we are still regretting 2017, but now we have enough understanding about the benefits of holding the investment for a long time, so we must use this idea.  

In 2024 we regret the opportunity we missed in 2017 but in 2030 we need to make decisions now so that we don't regret 2024 again. Then the price of bitcoin was $1000 but now the price of bitcoin is $45K, now the price of bitcoin is $45K in 2030 the price of bitcoin may be $300K, so we should take the decision now.  
One should invest in Bitcoin now and hold it deeply if one can afford it.

[Frankolala]

[
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.

I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest.

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

[Jaycoinz]

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

[Riginac111]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

The thing is that what gives people money or make people to get rich unexpected is risk, for investment you need to cross your mind and invest in bitcoin if you have the passion to invest in bitcoin, because onces you have summons such courage to take risk it will definitely land you to profit, so people doesn't invest to take risk that is involve in bitcoin but they only invest because of what they heard of bitcoin.

It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.

[Justbillywitt]

[
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.

I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest.

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

There is also a possibility that the rich investor who has the money to invest at once and don't bother investing for the next 20 years can still has more Bitcoin in his portfolio than the poor investor who is invest 20 dollars every week.  If a rich investor spend $500k and buy Bitcoin at once, someone buying at $20 every week for 20 years won't have same holding as that of the Rich man. Yes consistency in accumulating is good if you have the time and money. Also buying at once and don't bother buying again is also good. What matters is the size of Bitcoin you bought at once and your holding duration and the target you want to achieve.

[Richbased]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

The thing is that what gives people money or make people to get rich unexpected is risk, for investment you need to cross your mind and invest in bitcoin if you have the passion to invest in bitcoin, because onces you have summons such courage to take risk it will definitely land you to profit, so people doesn't invest to take risk that is involve in bitcoin but they only invest because of what they heard of bitcoin.

Investing in Bitcoin doesn't necessarily means that you gonna make profits or you're gonna be rich all the time but because Bitcoin is an asset with high volatility and have the potentials to conquer all other coin that's why it is worth investing and taking a risk on, so those who invest in Bitcoin should be optimistic about what it's future holds.

It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.

Investing on Bitcoin shouldn't only give you the idea that you're gonna be rich although that's the objective of most Bitcoin investors but let all your mindset not be too geared towards only getting you rich should in case it doesn't work as planned but let it be that you investing on Bitcoin is also a part of acquiring it for the future because part of our priority for investing on Bitcoin is to acquire as much Bitcoin as possible in other for it to terminate our over dependency on fiat and become our medium of exchange in a decentralized nature.

There is also a possibility that the rich investor who has the money to invest at once and don't bother investing for the next 20 years can still has more Bitcoin in his portfolio than the poor investor who is invest 20 dollars every week.  If a rich investor spend $500k and buy Bitcoin at once, someone buying at $20 every week for 20 years won't have same holding as that of the Rich man. Yes consistency in accumulating is good if you have the time and money. Also buying at once and don't bother buying again is also good. What matters is the size of Bitcoin you bought at once and your holding duration and the target you want to achieve.

Inasmuch as Bitcoin is a volatile asset, investing on Bitcoin with a fixed amount without having to invest again may not really be a nice idea because it may be difficult to accumulate as many as possible but buying consistently can also give an edge to accumulate as many as you can be able to afford if you DCA and moreover if one continues buying consistently you can even surpass someone that bought at a fixed price and never cared to buy again. Most times, buying at regular intervals helps to keep your holdings updated rather than stagnating it at a fixed price for a long interval of time.

[Obim34]

What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.

Buying in lump sum can also be good for the short term investment as to those who finds it necessary, maybe a period of 2 years. Imagine those who bought Bitcoin when the price was down as $15k and checking out the current price now that is already enough profit, now holding for a minimum of 2 years this is a blown up investment.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

In terms of who would hold Bitcoin much longer comparing both the rich guy and poor guy, it may be from personal decisions on holding that long but i think the rich dude will hold longer as he has all he needs and with the knowledge of Bitcoin altering his investment wouldn't matter to him cause he has many more to comply for his needs. The rich mindset in terms of investment are just too professional, they build the mentality of longer term investment than a shorter one.
A poor guy is faced mainly with certain challenges which at a point it becomes an option to sell, yes its compulsory that we must sell when due even the rich guy would sell but in terms of a poor man it may occur precisely the urgency to sell of his portfolio not because he wants to but just that a need arise which his emergency funds would not be of good help to him. In terms of commitment the poor guy will be more committed in investing than the rich guy because he knows how hard it is to raise such money to carry out his DCA.

[HelliumZ]

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

The market suddenly dumps so fast without any announcement that there is no opportunity for analysis. The market has re-corrected before buying the exact position you asked to buy in your screenshot. However, now is the time to invest in Bitcoin because the Bitcoin spot ETF approval date is this January. If the Bitcoin spot ETF approval date is pushed back, then there will be another big correction in the market, then it will be a good time to buy Bitcoin. But before investing you must invest according to your own thinking and research.

[FinePoine0]

One of my neighbors is a brother working in the company, and the Job tenure is nearing its end. But he could not deposit any money, a small amount was deposited in the bank. Due to increasing corruption within the country, the condition of the bank is very deplorable. And he withdrew the money from the bank, and came to me asking for some kind of wisdom as to what he was going to do with the money. But I have been familiar with Bitcoin for about 1½ years, so I presented him with some information about Bitcoin. 
The benefits of Bitcoin investment are several times higher than the bank, and if Bitcoin can be invested for a long time, it will be possible to own more Bitcoins in the future. Given such advice and he agreed to invest in Bitcoin. I bought him the first bitcoin for $42.5k. And after some time came to see the profit share. And I made it clear to him that if you are able to invest in DCA method then you will never expect any benefit, because it will continue this investment until your job is over. This Bitcoin will come in handy in your old age and he introduced a powerful Bitcoin Trezor wallet, where Bitcoins will be stored.

[Mayor of ogba]

~
Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.

This is just the beginning and we are still far heights to reach in this bull run and my expectation 130K-150K which I mentioned earlier in this thread and Bitcoin will comfortably reach that value as the next ATH. So anyone who is accumulating bitcoin don't be shaken due to downslides from 45K to 42K or whatever comes in the short term.

Bitcoin has gotten more adoption since the last bull run and some influential men in the world have also accepted Bitcoin because they have seen the potential of Bitcoin, and what they will achieve if they accept Bitcoin. If the ETF is approved this January, it will be another exciting news that will trigger the price of Bitcoin in an upward trend and increase the demand for Bitcoin. We should keep on accumulating our bitcoin with the DCA strategy at any price till we achieve the quantity of bitcoin we want to accumulate. Remember it is better to save in bitcoin than to save in fiat. Bitcoin will do unimaginable things come this bull run.

[JayJuanGee]

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.

You speak like an OG.. but your registration is ONLY since the beginning of October.. .. so when did you start accumulating bitcoin?.. How are you planning to play this cycle?  What is your plan?  What is your BTC holdings going to look like in 4-6 years?  I know it can be difficult to project out that far, but at least many of us can attempt to project out for a year, and part of how we project might also be based on what we did in the past .. the last year, the last few years, and then what is our current situation.. how aggressive are we able to be in terms of our BTC accumulation, and do we even have discretionary income and how is that going to change into the future. which is partly based on the past, present and then our projections of how we believe the future might play out.

That means he's not new on cryptocurrency and maybe he's away in this forum for long time then just recently discover this good place then decide to stay here. Since see a lot of cryptocurrency dude outside of this forum participating on trading and any crypto related activities but when I asked them if they are familiar with this forum the say no. Its surprising but we know there's a lot of them exist.

You should probably use the word bitcoin somewhere in your discussion, and if you are suggesting that a lot of people are confused and distracted by ideas of "crypto" there are better ways of saying that and making sure that you use the word bitcoin in your discussion, especially since this thread is about bitcoin.. and sure from time to time, we might contrast shitcoins with bitcoin or to suggest to stay away from shitcoins and tradings, but we still need to put our words in some kind of a proper context and actually use the word bitcoin so that people are better able to know what we are talking about.

Its really difficult to project since we don't know the possible outcome since the only thing we do is to speculate base on the events to come but atleast we try to take our participant to look on what will happen in future. Also I guess the aggression to accumulate will always depend on the budget of each people since they might became more aggressive when there's a fund to spend.

Whether we are aggressive or not, I presume that you are saying that we are doing this kind of investing in regards to bitcoin, so if you don't use the word bitcoin, it can get confusing regarding what you are talking about..

But what good thing is we have good insights about what might happen in future and its up to the people now on how they play their role also how they can accumulate base on their allocated budget for investment.

Sure it is important to tailorize our investment into bitcoin in accordance with our own particular circumstances, and surely we cannot really know what is going to happen in the future, so we can size our investment into bitcoin in accordance with how much we might consider is a reasonable amount, and that might not even mean that we need to be very aggressive, especially if we are just getting started, so we might feel that we know even less than someone who has been studying the bitcoin space for a while, so in that context, we might have a budget in which we could invest $100 per week into bitcoin, but instead we choose to start out with $10 or maybe $50 per week into bitcoin, while we are studying it and figuring out at what point we might be willing to move our amount up to something like $100 per week, if we might have had already decided that $100 per week might be within our possible budget.

I do not think we are saying something different, I never made mention about investing in any of those shitcoin it was a clear response to the user so no worries about spreading the ideas oof investing in them.
Bitcoin has dominated the market not because it was just the first cryptocurrencies but due to.its potential beyond every other cryptocurrency, with all this Bitcoin is worth investing.

Bitcoin is not only worth investing in, but it is also worth continuing to keep and collect as a valuable asset now that Bitcoin has grown satisfactorily for more than ten years. So there is no need to bother ourselves with thinking about more other coins at this time, although some people can still get temporary profits through other coins in the short term or during improving market conditions.

Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.

I am investing Bitcoin using DCA method. I am investing $48+ per week with DCA method because my main goal is to grow bitcoin investment. I currently have $522 worth of bitcoins in my investment portfolio. When the Bitcoin market crosses $45000 my portfolio invested in the DCA method increases significantly. Currently at $42000 bitcoin my bitcoin investment portfolio is down a bit. But I'm not worried about it at all because I'm investing in Bitcoin for the long haul. I did not invest to trade. I want to invest like this till the new ATH of Bitcoin is made. I will be able to invest in Bitcoin from many dips this week. Because the Bitcoin market has gone down a lot.

If you are investing until the next ATH and you have ONLY accumulated $522 based on $48+ per week, then you are not investing "for the long haul", as you mentioned.  On the other hand, if you invest at $48+ per week for the next 4-10 years or more, then maybe somewhere down the line your claim of investing "for the long haul" might have some truth to it.. Otherwise, not even your words are matching up with long term intentions rather than just seeming to want to ride this possible short-to-medium term wave.

~Snip

Now those who continue to apply the DCA strategy and do Buy the DIP, and HODL have felt the benefits quite clearly because Bitcoin has exceeded the price of $45K even though it has now returned to $42K with slow movement. But I am also quite sure that the price movement to $45K is still quite open for Bitcoin because this year is still a pretty good year for Bitcoin and its holders.

If I invest for the long term I will never care about the price of Bitcoin. That's why don't worry I am investing by following DCA method regularly, since it will be a long term investment so it will not depend on where the market will go. Only I will make sure that I continue my investment in DCA method. If I think about the benefits then surely greed will work inside me, and because of greed I may decide to sell my bitcoins, but the decision to sell bitcoins will be wrong. So I will never accept such a plan. 
I will invest my bitcoin for long term and that is in DCA method.

I agree with you, friend. A bitcoin investor who truly invests in the long term and uses the DCA technique in his purchases, does not need to think about the current market price of bitcoin. Because if you think deeper, when bitcoin investors do DCA, it seems as if they are continuing towards a predetermined goal. Therefore, to achieve this goal successfully, it means that bitcoin investors (who carry out DCA) must not stop or be influenced by anything in the process of their journey. Because if a bitcoin investor stops or is affected by it, he will definitely fail and have to start again from zero on his journey (DCA).
And the influence I mean here is the bitcoin market price which is currently experiencing an increase.

But to be honest, fighting this influence is not easy. Because I have the assumption that most bitcoin investors basically have the goal of seeking profits as quickly as possible. Meaning, "when there is an opportunity to make a profit, why delay or pass it up?" Therefore, when the bullish market ends/subsides, usually the price of bitcoin always experiences a significant price decline. Well, this is bound to happen because many Bitcoin investors are selling their assets. That's why the price of bitcoin has decreased.
Therefore, I assume many bitcoin investors tend to take profits when the opportunity arises.

You are looking at the wrong data.

Sure newbies get in and out but so fucking what.

Longer term bitcoiners are not selling at these prices...and most of the coins are not moving.  Seems that the pressures are generally up even if you fear various down periods or you fear that the BTC price is not going up fast enough or in enough of a direct line for you.

However, bitcoin investors who carry out DCA with the correct essence. I am sure, they will not be affected by the market value of bitcoin (up or down). Because they already had a strong goal from the start. So that when they are carrying out the DCA process, they will not be deterred. And maybe you are one example, friend.

Sure DCA is a strong technique to build resilience, but even folks who are DCA'ing can get scared out f their coins.. .. but yeah generally speaking we have a lot of UP, since mid-October from $26k/$27k until $45/$46k and without too many corrections.. but does not even mean that corrections won't happen, and the mere fact that selling starts to take place, that can sometimes be pushed by those trying to get the price to go down, and it is not always clear if they will be successful or if buy pressure has sufficiently kept up with the UPward price movement.

We cannot necessarily know short term, which should be part of the reason to either HODL 4-10 years or more.. or perhaps to accumulate for 4-10 years or more and then decide after accumulating for 4-10 years or more what you are going to do.. because you could be accumulating for 4-10 years or more and then after 10 years or more years, then start your holding period at that time for another 4-10 years or more...

How much you need to accumulate depends on how new you are to investing, and if you are brand new to investing, you probably would not have good chances of getting to fuck you status in 10-15 years, even if you had been aggressively investing the whole time and even though surely it could be possible, but you are trying to get to entry level fuck you status, you likely would need to get to 20-30 years worth of income built up in your investment, so maybe even if you were aggressively investing into bitcoin, you maybe could get to  1 to 2 years of investment into bitcoin in 3-5 years, if you were investing 30% or so of your income, but that may well be too much for many folks (especially newbies) to be able to put togethert a system in which they are able to be that level of aggressive without over doing it..

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.

I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest.

We cannot completely generalize, but there are cases in which poor people pass up rich people because they are more motivated, and the rich will sometimes take their richness for granted, so they end up not being as smart as the poor man who becomes good with building his capital.  Sure the cards might be stacked against the poor person, but sometimes they are able to catch up and to get ahead based on persistence and being strategic with his capital.

Sure sometimes the world is so unfair that the poor person will not be able to catch up to the rich who might even employ inferior techniques because there are a lot of advantages with starting out rich. and some of it is financial and other parts would be having access to social capital and other advantages, but the poor person would just need to try to do his best under the circumstances, and sometimes the poor will resort to crime or to shitcoins because they consider the regular system to be too stacked against them, and none of us can make those kinds of decisions for others, even though surely something like bitcoin does offer some opportunities for traditional poor folks to be able to catch up to the rich who are not giving enough credit to bitcoin and not accumulating or maintaining a stash of bitcoin.

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

We are quite likely going through the largest wealth transfer in history, so there are going to be some who are on the receiving side and others on the losing side, and even though bitcoin is likely going to increase the size of the pie, the ones who enter into bitcoin earlier are likely going to be unfairly advantaged over those who enter later, yet everyone will likely still prosper from the overall system, even though some will prosper more than others. 

So I personally imagine that those who know about bitcoin have to also act upon their knowledge, and so those who know about bitcoin and are acting somewhat aggressive in their BTC accumulation, then they are likely going to get rewarded for that... and sure, if you are already part of the status quo rich, you may well not need to act as aggressively as compared to a poor person, but we even have status quo rich people like michael saylor  (as @Jaycoinz also mentioned) who are engaging in pretty damned aggressive behaviors in regards to his own personal accumulation (and his company's accumulation) of bitcoin, so that does drive the price up for the poor people to be able to get BTC at cheaper prices and to be able to front run the other status quo rich folks, institutions and governments..  .. but yeah, even a brand new bitcoiner, cannot go back in time and he has to decide how aggressive he wants to be right now. and likely he would be better off to act sooner rather than later to begin his bitcoin accumulation journey because it can take a while to stack sats... and even could take longer if you wait an the BTC price ends up going up rather than down or sideways.

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

Yep there is variations of level of aggressiveness, persistence and even smart applications within the rich and within the poor too... but the point still stands that there are going to be a lot of variety of people, and some of them are going to advantage more than others in terms of our likely ongoing greatest wealth transfer in history, and the level of their advantage will likely come from both their knowledge of BTC, but also their acting upon such knowledge, with probably the acting part to be the most important aspect.  It is not going to do as much good to just watch bitcoin from the sidelines without actually investing into it... but hey people can do what they like, and mostly what people still are doing is watching from the sidelines, even when they claim to know about dee cornz.  But those of us who are active in this thread are likely not those who are watching from the sidelines, and there are a good number of us who are acting to stack sats and/or to maintain our stacks if we had already been stacking a decently enough long time.

[edited out]

There is also a possibility that the rich investor who has the money to invest at once and don't bother investing for the next 20 years can still has more Bitcoin in his portfolio than the poor investor who is invest 20 dollars every week.  If a rich investor spend $500k and buy Bitcoin at once, someone buying at $20 every week for 20 years won't have same holding as that of the Rich man. Yes consistency in accumulating is good if you have the time and money. Also buying at once and don't bother buying again is also good. What matters is the size of Bitcoin you bought at once and your holding duration and the target you want to achieve.

Let's flesh this out a wee bit moar better, so that the person investing over 20 years is also investing $500k or even investing $1million, he likely is not going to catch up to the person who invested $500k right now. 

So think about it.  Someone has $500k and buys right around 11.5 BTC (at $43,500 per BTC). 

A person who invests $500 per week would invest right around $25,000 per year, $250k in 10 years and $500k in 20 years.

Even if we double that to $1k per week, which would be $50k per year, $500k in 10 years and $1 million in 20 years.   

Even though we don't know for sure, I doubt that the DCA person at either $500 per week or $1k per week is going to accumulate as much BTC as the person who invested $500k today at $43,500... and we are not going to know for 20 years, but that would be my speculation in regards to the comparison.  Of course, the $1k per week person would have better chances than the $500 per week person, but I still have my doubts about their ability to catch the lump sum investor.

And, yes, we mentioned that part of the dilemma remains that the person who is DCA'ing cannot come up with $500k now or even $1million, but over 20 years, he may well be able to invest either of those amounts without even close to as much pressure.

By the way, I am not even suggesting that it would even be any kind of goal to get richer than various rich people that you know, because it does not really even matter that much if someone either stays rich while you struggle to catch up, but  I would still consider the main point is to be figuring out ways to make your life and your options better based on your own circumstances as they are now and how you might work on your own conditions to be in the future.

[Patrol69]

However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

Our society and our world is about the rich and the poor. We can distinguish between a rich person and a poor person only by seeing that there is economic inequality. Just as a poor person dreams of improving his financial condition, a rich person dreams of how to increase his money. Those who are less economically well off work hard and with the money they earn they can only support their family but they can't change their economic status much unless they get a big opportunity. Those who are not financially well off but have an idea about Bitcoin investment try to invest some money even though it is difficult so that their financial condition will improve in the future. If the process of investing and holding the investment is well known then even a poor person can accumulate good amount of money by investing and he can get good profit from his investment.  

Investing is easy for rich people because they have enough money to invest and they regularly get opportunities to invest much more money than a poor person. While rich people have such opportunities, poor people do not have such opportunities. They work hard to earn money. And from that money they set aside some money and the amount is not much. But even if the amount of money is not much, if a poor investor continues to invest a certain amount of money regularly for a long time, then he is successful in investing.

A poor person's job would be not to follow others and be content with what he invests himself. If someone else invests several times more than him and he follows that person, the poor person will be disappointed that his small investment may not meet his expectations. If you have faith and trust in your investment and can invest regularly for a long period of time, it is possible to achieve 100% success from investment even by investing a small amount of money.

Buying in lump sum can also be good for the short term investment as to those who finds it necessary, maybe a period of 2 years. Imagine those who bought Bitcoin when the price was down as $15k and checking out the current price now that is already enough profit, now holding for a minimum of 2 years this is a blown up investment.

The longer the investment is held for, the greater the potential for profit from that investment. The point you are making is that investing in Bitcoin when it was worth fifteen thousand dollars and selling the investment at the present time would have made an investor a lot of money. Let's say you bought a bitcoin at $15,000 and you haven't sold your bitcoin yet, where the current price of bitcoin is $45,000.  Instead of selling Bitcoin at $45,000, you plan to hold your investment for a longer period of time. 
After holding for two more years, you see that the price of Bitcoin has touched one hundred thousand dollars, so which one is more profitable, investing for two years or investing for four years or more? Of course, holding the investment for four years or more will give you higher returns and if you hold your investment for a longer period, the profit potential may be higher, so plan for a longer period of time when holding your investment.

[lienfaye]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

[Riginac111]

The longer the investment is held for, the greater the potential for profit from that investment. The point you are making is that investing in Bitcoin when it was worth fifteen thousand dollars and selling the investment at the present time would have made an investor a lot of money. Let's say you bought a bitcoin at $15,000 and you haven't sold your bitcoin yet, where the current price of bitcoin is $45,000.  Instead of selling Bitcoin at $45,000, you plan to hold your investment for a longer period of time. 
After holding for two more years, you see that the price of Bitcoin has touched one hundred thousand dollars, so which one is more profitable, investing for two years or investing for four years or more? Of course, holding the investment for four years or more will give you higher returns and if you hold your investment for a longer period, the profit potential may be higher, so plan for a longer period of time when holding your investment.

Sometimes they don't equate investment duration of bitcoin to the profits because you might purchase bitcoin when the price is high and keep it for long duration and instead of the value to increase for you to make a profit then the value depreciate, we all know that long-term investment gives a profit but it can only gives you a profit when the price of bitcoin increases,  that is reason why we don't need to be curious for bitcoin investment knowing that the investment is all about risk neither you make profit or you lose.

One of the major concerns for bitcoin investment a investor have to have in mind is to make sure that the investment it have a timer for any of the investment,  because if we use what happens previously to explain bitcoin investment may people might be biase or discouraged for the investment...bitcoin investment is something you can invest now and within some period of time you make profit that is why its not necessarily mean that what will fetch you more profit is the longer your investment stays, sometimes we do experience long periods of bearish and it can be one year or two years and if you purchase at high course and the value depreciate due to long  bearish you might sell out your bitcoin under panic

So what is very necessary for bitcoin investment is timing and duration you want your investment to stay and secondly having in mind that bitcoin investment is depends on risk because you may be profited for the investment or either you lose, but people taught that the longer you allow your investment the more you make profit,  such scenario can come to accomplish when you purchase bitcoin very low prices and throughout the years it stays the price  continue to add more values, so getting profit for your long-term investment depends on monthly and yearly positivity of the marketcap of bitcoin.

[Promocodeudo]

One of my neighbors is a brother working in the company, and the Job tenure is nearing its end. But he could not deposit any money, a small amount was deposited in the bank. Due to increasing corruption within the country, the condition of the bank is very deplorable. And he withdrew the money from the bank, and came to me asking for some kind of wisdom as to what he was going to do with the money. But I have been familiar with Bitcoin for about 1½ years, so I presented him with some information about Bitcoin.  
The benefits of Bitcoin investment are several times higher than the bank, and if Bitcoin can be invested for a long time, it will be possible to own more Bitcoins in the future. Given such advice and he agreed to invest in Bitcoin. I bought him the first bitcoin for $42.5k. And after some time came to see the profit share. And I made it clear to him that if you are able to invest in DCA method then you will never expect any benefit, because it will continue this investment until your job is over. This Bitcoin will come in handy in your old age and he introduced a powerful Bitcoin Trezor wallet, where Bitcoins will be stored.

You did well, if all you said was what you told him and what you help him to achieve, but hope you also made him to understand that bitcoin is a volatile asset which no one should expect profit all the time, the market can be against the investor, sometimes too it can favor the investor, you still need to tell him that he should investor in others things not shot on per say but other asset that can generate earnings for him so that he wouldn't think about touching his bitcoin investment in a short run, if possible, I don't know if his old, he can also look for a job that will help him to meet up with his immediate needs, since he has purchase bitcoin already, he should be knowledgeable enough to be in the system, this is my take on this.

[Ndabagi01]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

Before someone invests in a project, they would have been a very reasonable conviction for them to invest into that project. And this is the mindset of the big investors who have being in the market for a very long time. Bitcoin many years ago, let’s say back to the year 2017 was still very low in price as compared to what it is now. If Bitcoin can move up to $63K in 2021 and is not retracing back there now, is enough prove to say this is a worthy investment. Bitcoin has experienced halving three times and is now set for another halving this year. After every halving, the market experiences bull run which use to mark a new all time high for bitcoin. If this has happened on three different occasions and still following the same path, I don’t think there is any investment convincing enough to invest in than bitcoin in this century we are in now.

Bitcoin has gotten more adoption since the last bull run and some influential men in the world have also accepted Bitcoin because they have seen the potential of Bitcoin, and what they will achieve if they accept Bitcoin. If the ETF is approved this January, it will be another exciting news that will trigger the price of Bitcoin in an upward trend and increase the demand for Bitcoin. We should keep on accumulating our bitcoin with the DCA strategy at any price till we achieve the quantity of bitcoin we want to accumulate. Remember it is better to save in bitcoin than to save in fiat. Bitcoin will do unimaginable things come this bull run.

Bitcoin spot ETF whether approved or not approved should not scatter your plans for accumulation. If you’ve been doing DCA for long, stick to it and don’t allow the news of the bitcoin ETF disrupt the plan. We can see how the news of the bitcoin ETF affected the price of bitcoin when it was falsely rumoured that it has been approved in the past. You should know that the bitcoin ETF is just another big player manipulation in the market and when its time passes, the market will still continue moving on its right path. Nothing should disrupt the plan of your accumulation, once you’re on the right track, of course you’ll achieve what you want in the long run.

[jrrsparkles]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

The thing is that what gives people money or make people to get rich unexpected is risk, for investment you need to cross your mind and invest in bitcoin if you have the passion to invest in bitcoin, because onces you have summons such courage to take risk it will definitely land you to profit, so people doesn't invest to take risk that is involve in bitcoin but they only invest because of what they heard of bitcoin.

It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.

If someone is hesitant to take risk then they will never get rewards even financially but the risk they are taking should also be calculated not just completely blatant. Even we know bitcoin is going to be big, the conservative approach is invest a part of your savings in bitcoin, remaining into other assets as well that will fulfil the criteria of don't put all eggs in one basket. Which may take more time to accumulate wealth with the diversification strategy but it gives us leverage to past the hard time if one of the asset invest isn't doing good because it can be compensated with the profits made from others.

[348Judah]

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

The market suddenly dumps so fast without any announcement that there is no opportunity for analysis. The market has re-corrected before buying the exact position you asked to buy in your screenshot. However, now is the time to invest in Bitcoin because the Bitcoin spot ETF approval date is this January.

There's a dump in the market earlier but it has also made a recovery by raising a strong resistance against the dip in other to maintain the pump in the market, we are now almost were we have been even though we aren't there yet, there's much to experience and also expect coming during this particular period because the market is likely to be more moving towards in this same direction before it reach another stage to pump it higher on bullrun, there have been speculations ongoing about the Bitcoin spot ETF approval to be one of the major factor to push the market a bit more higher before bullrun is introduced after halving.

If the Bitcoin spot ETF approval date is pushed back, then there will be another big correction in the market, then it will be a good time to buy Bitcoin. But before investing you must invest according to your own thinking and research.

Let's get this right, even if there's a change in Bitcoin ETF approval date not to be January again, there's still going to be high expectations on the Bitcoin market price because we are going to still experience the bullrun after halving, what we should ensure doing now is to make sure we are buying and holding as much as we could afford, there's a time coming that will be more appreciated than this after halving has taken place, every bitcoin holder will have a reason to smile.