Buy the DIP, and HODL!

[FinePoine0]

Another thing to have in consideration is the effect of this same buying and selling, when we hodl the coin without releasing them and this affects the market price, the  network itself will got to a stage or releasing more Bitcoin after halving to the market which will also make the balance between the supply and the demands rate for sufficient circulation until the entire coin is been mined and with this we keep seeing different market prices.

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

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[Gallar]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

~Snip

Personally, I think investing in bitcoin may not be as complicated as you think. Carrying out financial percentages is very necessary when investing in bitcoin. But don't forget, we may have experienced it, sometimes emergencies can come at any time and anywhere. As a result, the percentages sometimes change due to emergencies. Therefore, in my opinion, dedicating 30% of one's money to Bitcoin cannot be considered a fixed percentage. Because sometimes the remaining 70% of the salary/money earned is sometimes not enough for one month's needs. Especially for an ordinary worker or employee. So if that's the case, I think a better solution is to invest Bitcoin at the end of the month. So what I mean is, for example, in month 1 you receive a salary from the company where you work. So, don't invest that money directly into Bitcoin (30%). But first use the money (100%) for your needs for a month. Then, if at the end of the month you still have money left over after that month's needs are met and the next day you will be paid again in the second month by the company where you work, then you can invest the remaining money in Bitcoin. So by using this technique I am sure it will be better and safer. Because the point is, when you invest, all your needs are met and the next day you will receive another salary. So that invested money is good cold money to invest in Bitcoin.

[Negotiation]

Of course new ATH is not guaranteed, but surely seems quite possible and probable and something that we could invest into bitcoin because we consider bitcoin to be an asymmetric bet to the upside.

Another thing is that $170k by November seems to be pushing it, and that would ONLY be a 3 year cycle from the previous ATH. 

Sure $170k is possible for his year and also $500k or more is possible for 2025, yet none of these are guaranteed, but any of us who are buying bitcoin now should try to figure out if we are doing enough in our current BTC buying efforts, and also to have some plans regarding how we might deal with a variety of possible scenarios which include at least the following in the next 1-2 years
~
5) BTC prices go up to somewhere between $200k and $500k
~

$200k and $500k is a very serious range for everyone to cross at some point, many have been investing for a long time and are now waiting for that time. Actually we don't really see good predictions for Bitcoin, we see some reasonable discussion but we end up in ambivalence. Because there is a doubt that we are not getting the correct data on the site, on the other hand, those who know and work about Bitcoin for a long time, sometimes cannot make the right guess.

The main problem here is that everyone thinks in the short term, making it difficult to make the right decision. I agree with you that we should plan for the long term.

[Rabata]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

~Snip

Personally, I think investing in bitcoin may not be as complicated as you think. Carrying out financial percentages is very necessary when investing in bitcoin. But don't forget, we may have experienced it, sometimes emergencies can come at any time and anywhere.

Agreed, Accumulating Bitcoins even on a low income can be relatively easy if the investor understands that. Although this is a simple matter, many investors find it difficult. I would say that if one invests his little money in Bitcoin apart from his monthly or weekly expenses and keeps it going for long term then it will make a big portfolio in next 2-3 years.

Many save with fiat currency. There an investor is losing their money due to inflation after keeping their money for a long time. But if he had kept that money in Bitcoin, he would have retained the value of his real money and his returns would have increased.

 One of the two things we can emphasise here is to invest regularly and hold it consistently for a long period of time. I can't give 100% assurance but depending on market analysis and future prospects I can definitely say that the investor will be benefited.

[avp2306]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

~Snip

Personally, I think investing in bitcoin may not be as complicated as you think. Carrying out financial percentages is very necessary when investing in bitcoin. But don't forget, we may have experienced it, sometimes emergencies can come at any time and anywhere.

Agreed, Accumulating Bitcoins even on a low income can be relatively easy if the investor understands that. Although this is a simple matter, many investors find it difficult. I would say that if one invests his little money in Bitcoin apart from his monthly or weekly expenses and keeps it going for long term then it will make a big portfolio in next 2-3 years.

Many save with fiat currency. There an investor is losing their money due to inflation after keeping their money for a long time. But if he had kept that money in Bitcoin, he would have retained the value of his real money and his returns would have increased.

 One of the two things we can emphasise here is to invest regularly and hold it consistently for a long period of time. I can't give 100% assurance but depending on market analysis and future prospects I can definitely say that the investor will be benefited.

They just need to understand how the market cycle work so that they could figure out what's best for their accumulation also they will not get easily affected by any negative thoughts spread by people online. Although its not really that simple to accumulate since they need to invest on knowledge so that they can last that long that's why they should figure out what strategy would be work for them so they can last that 2 - 3 years holding on their portfolio's.

That's wrong perception of people for thinking that saving money in fiat can save them since if we try to figure out the current happening where inflation rate is so high for sure they would know that they are still losing by saving that. That's why its really great that we know bitcoin since we have choices to invest depends on what timeline we set.

[Moreno233]

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life. There have been several fine suggestions about this matter in this forum such as the threads below:

Using Locktime for inheritance planning, backups or gifts
HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION

If you read through the discussions, you will see other suggestions by reputable members of the forum and I'm confident you will get the answer seek.

[Kliss]

Absolutely, buying the DIP and HODling is a perfect strategy in Bitcoin investment. This is a popular strategy among Many individuals who invest in Bitcoin, the idea is to buy Bitcoin when it's DIP and HODling on to it for a long term regardless of the short term price fluctuations of Bitcoin. It's all about having confidence in the future potential of Bitcoin by not getting influenced by the ups and downs of the market.

But is important to identify a DIP market in other to when to buy so it is necessary to keep eye on the price of movement and trends of Bitcoin. One way to indicate DIP in Bitcoin mining is to often look at the price compared to its recent highs and if there is a significant drop in price it could be a potential DIP.

[Lamkuthang]

But is important to identify a DIP market in other to when to buy so it is necessary to keep eye on the price of movement and trends of Bitcoin. One way to indicate DIP in Bitcoin mining is to often look at the price compared to its recent highs and if there is a significant drop in price it could be a potential DIP.

Every investment requires a strategy, yes, but not "in Bitcoin mining" if you frequently update the market, this is also one of the tips for developing a strategy to buy BTC easily because the price of Bitcoin tends to rise and fall sharply and therefore you also determine how quickly you buy it by using DCA technique.
​
​

[Salahmu]

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Actually it all depends on the investors planning because I see no reason an investors Will invest very huge on Bitcoin without a plan of transferring his investment to his children if he sees that anything could happen to him because of his health challenge, however we no that death is inevitable and could happen on any form, so perhaps since an investor has a plan of holding his Bitcoin for a very long time perhaps he should be able to carry most of his children along even if he doesn't give him access to his Bitcoin investment but his children should be carried along by knowing what Bitcoin is all about and then he could possibly drop a voice record that explains everything about his investment and details involves to his lawyer that if something should happen to him he should take the voice record to his family, so perhaps with that even if someone is gone his family could still be able to continue his legacy. Besides every purpose of investors is to invest for his future and that of his family so there is every chance that such investors may not likely lose his investment if he is gone because before it will get to that extent he most have drawn a back up plan that enable his family have access to his investment while he is gone.

[alankasman]

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life.

Preparing from now on to whom the valuable assets we call Satoshi's inheritance will be transferred. This is done by telling the person the seed phrase, password, including active email associated with access to the wallet.
If the assets you currently own are not just Bitcoin which is partly located on an exchange, provide your email and password so they can access it someday.

Why prepare from now on, because at our age we don't know when we will reach our final rest.
For those who are married and have children, entrust it to your wife and explain what and for whom the assets will be used in the contents of the letter so that you are calm and don't regret it.

[wendty]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

[adultcrypto]

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life.

Preparing from now on to whom the valuable assets we call Satoshi's inheritance will be transferred. This is done by telling the person the seed phrase, password, including active email associated with access to the wallet.
If the assets you currently own are not just Bitcoin which is partly located on an exchange, provide your email and password so they can access it someday.

Why prepare from now on, because at our age we don't know when we will reach our final rest.
For those who are married and have children, entrust it to your wife and explain what and for whom the assets will be used in the contents of the letter so that you are calm and don't regret it.

It is not advisable to save ones asset in centralized exchanges because of the risk of hack like the case of Mt.Gox and many others or the owners of the exchange stealing your funds like the case of FTX. The recommend practice is to save your asset in a wallet you control the seed phrase. Many people who made the mistake of leaving their coins in exchange have various stories to tell so it is not wise to continue making the same mistake that people made in the past.

There are many safe ways to go about this including using hardware wallet or software wallets such as Electrum wallet. This link can help you with how to set up Wallet with single or mutltisignature: https://bitcointalk.org/index.php?topic=5469290.msg62949141#msg62949141

Finally don't forget the popular statement not your keys, not your coins. This is a reminder that anywhere you safe your asset in that you do not have the seed phrase is not safe.

[Taskford]

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life.

Preparing from now on to whom the valuable assets we call Satoshi's inheritance will be transferred. This is done by telling the person the seed phrase, password, including active email associated with access to the wallet.
If the assets you currently own are not just Bitcoin which is partly located on an exchange, provide your email and password so they can access it someday.

Why prepare from now on, because at our age we don't know when we will reach our final rest.
For those who are married and have children, entrust it to your wife and explain what and for whom the assets will be used in the contents of the letter so that you are calm and don't regret it.

It is not advisable to save ones asset in centralized exchanges because of the risk of hack like the case of Mt.Gox and many others or the owners of the exchange stealing your funds like the case of FTX. The recommend practice is to save your asset in a wallet you control the seed phrase. Many people who made the mistake of leaving their coins in exchange have various stories to tell so it is not wise to continue making the same mistake that people made in the past.

There are many safe ways to go about this including using hardware wallet or software wallets such as Electrum wallet. This link can help you with how to set up Wallet with single or mutltisignature: https://bitcointalk.org/index.php?topic=5469290.msg62949141#msg62949141

Finally don't forget the popular statement not your keys, not your coins. This is a reminder that anywhere you safe your asset in that you do not have the seed phrase is not safe.

Exchange will never be a good option for people if they want to hold or slowly acquiring some assets because we all know for how many times a exchange compromise their costumers. And we should stop seeing their reputation as valid reason to trust them since even if they are providing good service they have huge scam to turn into scam just like what Mt.gox and FTX did also there are other more issue like this happen.

So for us to have smooth accumulation of bitcoin for long time hold or to trade it whatever timeline we like we should store our bitcoins on those wallets which the private key is in our control since this safe option to have.

Always to keep in mind that  word not your keys not your coins word you said should always consider or think about by people so that they will not fall on exchange scam and can make sure that they can get something for the efforts they do especially for doing those long term hold or for their acquiring.

[Roseline492]

Absolutely, buying the DIP and HODling is a perfect strategy in Bitcoin investment. This is a popular strategy among Many individuals who invest in Bitcoin, the idea is to buy Bitcoin when it's DIP and HODling on to it for a long term regardless of the short term price fluctuations of Bitcoin. It's all about having confidence in the future potential of Bitcoin by not getting influenced by the ups and downs of the market.

But is important to identify a DIP market in other to when to buy so it is necessary to keep eye on the price of movement and trends of Bitcoin. One way to indicate DIP in Bitcoin mining is to often look at the price compared to its recent highs and if there is a significant drop in price it could be a potential DIP.

In as much as the outcome of buying the dip may likely present an added advantage but shouldn't be the only strategy that would propel you to start accumulating Bitcoin because we all now how hard it could be when waiting for the dip to occur at times you could stay for a very long time without seeing any dip so if perhaps your only strategy is by only buying the dip that means you may likely wait for a very long time before you could meet any opportunity of buying Bitcoin, but however if you can be calculative enough to re strategize your accumulation plan that instead of buying only the dip you could also at the same time having a fund for DCA regular accumulation while you wait for the dip because sometimes is actually unwise for an investors to have only one strategy so that if the strategy did not workout they could possibly have something to fall back on.

[Wind_FURY]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

How can you that to start a debate. Obviously, and logically, if the person is under-employed then his/her problem is not if/when/how to buy Bitcoin, but where and how to find his/her next job. Plus such a person would develop mental insanity with Bitcoin's volatility if all of his/her rent and shopping money is held Bitcoin. That person will be forced to sell.

By under-employment I mean people whose salary is just enough for their basic needs and little savings but not enough to afford privileges like vacation, luxuries, even buying a house as they can only rent. Such people spend as much as 80% of their income on food, rent, school fees of children and normal healthcare but not serious surgeries. People at that stage easily resort to borrowing when they have serious emergencies which do not come always though.

Unfortunately, majority of workers in my country fall into this category. Minimum wage in my country is about $30 with inflation at 29%, a country of 200 million people that have over 83 million people living below $2.5 per day. So my use of that word is a reflection of the realities on ground here.

Under this circumstances, the best an individual can do is inject max 10% of their income to Bitcoin while setting up emergency fund with the remaining 10% since 80% is already expected to be used for basic needs. These are just my estimations, there could be variations.

OK, then in that situation, I truly hope that they could save enough to buy and HODL enough to make life-changing ROI, OR they learn enough about Bitcoin, the network, and its ethos, then simply hold/use it for what it is.

But practically speaking, it's very hard to have conviction to HODL, if the real world requires something from you, especially including your money saved in Bitcoin. It's also why the younger generation have the luxury of having more conviction. Because they have less responsibiities, it would be easier for them to keep large portions of their salaries without worrying for their needs in the real world.

I believe another critical stage is buying the DIPs of the bear market. It was there during 2019 and again during 2022. Currently if you are under-employed, it's probably better for you to save what you can and wait for a other cycle. OR you could get lucky and a Black Swan happens.

Under-employed can still do $10 per week and still be fine with his needs. That one is under-employed does not mean he has no way of saving a little, just that such a person cannot do certain things that money can do because of financial limitations but nothing beats humble beginning. As a matter of fact, they even need the investment more if they have to remedy their situation.

Good luck to you, ser and I truly hope you make it.

[I_Anime]

Another thing to have in consideration is the effect of this same buying and selling, when we hodl the coin without releasing them and this affects the market price, the  network itself will got to a stage or releasing more Bitcoin after halving to the market which will also make the balance between the supply and the demands rate for sufficient circulation until the entire coin is been mined and with this we keep seeing different market prices.

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Reading this reply remembered me of something concerning those bitcoins that have lost due some circumstances like death or missing of security seed phrases. And phrases are not something you can  just go pressing for forgotten phrase like how we do in password whenever we forget or misplaced it. If I may ask would it be a bad idea to tell few people you trust (like your relatives) your security phrase incase of such scenero because to me it would have been better for the family members to have the BTC that are being saved in the wallet than the bitcoin to lost and forgotten, Without no one knowing about it.

[nara1892]

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Reading this reply remembered me of something concerning those bitcoins that have lost due some circumstances like death or missing of security seed phrases. And phrases are not something you can  just go pressing for forgotten phrase like how we do in password whenever we forget or misplaced it. If I may ask would it be a bad idea to tell few people you trust (like your relatives) your security phrase incase of such scenero because to me it would have been better for the family members to have the BTC that are being saved in the wallet than the bitcoin to lost and forgotten, Without no one knowing about it.

However, this will always be a possibility, we are human beings who are never free from mistakes and "forgetting" is one of the things in us that we cannot completely avoid because we are reasonable and sentient beings, therefore your statement and idea makes sense to me in the context of telling the password/phrase to one of the trusted people in our lives such as a wife or another family member.

It's like an inheritance, because after all all living beings will inevitably meet their end without being able to know in the slightest when, to be honest I myself do this, I rewrite the phrase on many papers and put it in many places in my house, and besides that I also tell my wife about this along with telling her how to cash it in. However, prevention is always better than cure, as you said that what is worried is that it is very possible that one day we can forget the passwords we have and another thing is that death will not be able to know when it comes, and by preventing this way at least our families can enjoy the results of the accumulation of bitcoins that we have struggled and defended during our lifetime.

[camilocollin6]

"Buy the dip & hold" is a popular investment strategy in the cryptocurrency market as well as traditional financial markets. The basic idea behind this strategy is to buy assets at low prices and take advantage of price declines or recessions by holding them for the long term. Buying the dip allows investors to purchase assets at prices lower than their recent highs. This can potentially increase the overall return on investment if asset prices rebound later.Holding assets over the long term, even during market downturns, allows investors to benefit from the potential growth of assets over time.By sticking to the "buy the dip and hold" strategy, investors can avoid making emotional decisions based on short-term market fluctuations.This can help reduce panic selling tendencies during market downturns, which often lead to losses.
"Bye the dip & hold" can also be combined with dollar-cost averaging where investors regularly buy a fixed dollar amount over time regardless of price. This can help smooth out the effects of market volatility and potentially lower the average purchase price over time. Buying the dip and holding assets is aligned with belief in the long-term fundamentals of the asset. It implies confidence in the underlying technology and the potential for future adoption and growth.

Cryptocurrencies, in particular, have shown significant growth over the years, making them attractive for long-term holding strategies. I love this strategy and always suggest it to everyone.

[Mayor of ogba]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

How can you that to start a debate. Obviously, and logically, if the person is under-employed then his/her problem is not if/when/how to buy Bitcoin, but where and how to find his/her next job. Plus such a person would develop mental insanity with Bitcoin's volatility if all of his/her rent and shopping money is held Bitcoin. That person will be forced to sell.

By under-employment I mean people whose salary is just enough for their basic needs and little savings but not enough to afford privileges like vacation, luxuries, even buying a house as they can only rent. Such people spend as much as 80% of their income on food, rent, school fees of children and normal healthcare but not serious surgeries. People at that stage easily resort to borrowing when they have serious emergencies which do not come always though. Unfortunately, majority of workers in my country fall into this category. Minimum wage in my country is about $30 with inflation at 29%, a country of 200 million people that have over 83 million people living below $2.5 per day. So my use of that word is a reflection of the realities on ground here.

Not everyone who is accumulating bitcoin is living a comfortable life, but since they know how important it is to have bitcoin, they have adopted a strategy that will make them spend less of their money so that they can accumulate bitcoin. Anyone who is using 80% of his salary to feed will find it difficult to be consistent in accumulating bitcoin because he or she does not have enough money to take care of his financial challenges. And that person will easily sell his or her bitcoin quickly because he or she does not have enough money to keep an emergency fund that will take care of unexpected financial problems

[JayJuanGee]

Of course new ATH is not guaranteed, but surely seems quite possible and probable and something that we could invest into bitcoin because we consider bitcoin to be an asymmetric bet to the upside.

Another thing is that $170k by November seems to be pushing it, and that would ONLY be a 3 year cycle from the previous ATH. 

Sure $170k is possible for his year and also $500k or more is possible for 2025, yet none of these are guaranteed, but any of us who are buying bitcoin now should try to figure out if we are doing enough in our current BTC buying efforts, and also to have some plans regarding how we might deal with a variety of possible scenarios which include at least the following in the next 1-2 years
~
5) BTC prices go up to somewhere between $200k and $500k
~

$200k and $500k is a very serious range for everyone to cross at some point, many have been investing for a long time and are now waiting for that time. Actually we don't really see good predictions for Bitcoin, we see some reasonable discussion but we end up in ambivalence. Because there is a doubt that we are not getting the correct data on the site, on the other hand, those who know and work about Bitcoin for a long time, sometimes cannot make the right guess.

The main problem here is that everyone thinks in the short term, making it difficult to make the right decision. I agree with you that we should plan for the long term.

The range of $200k to $500k may well ONLY have in the ballpark of 15% odds of happening between now and late 2026, so any of us should be able to come to those kinds of conclusions in our own thinking, and sure maybe we could give some considerations to how others might assign their probabilities too, but in the end each of us are the ones who have to make our own conclusions regarding how we are going to invest into bitcoin and how much and other considerations regarding how to manage our holdings through potentially turbulent times. 

So our plans likely need to be both short term and long term, so we have to know how to deal with short term turbulence that may or may not end up affecting our long term holdings.

"Buy the dip & hold" is a popular investment strategy in the cryptocurrency market as well as traditional financial markets. The basic idea behind this strategy is to buy assets at low prices and take advantage of price declines or recessions by holding them for the long term. Buying the dip allows investors to purchase assets at prices lower than their recent highs. This can potentially increase the overall return on investment if asset prices rebound later.Holding assets over the long term, even during market downturns, allows investors to benefit from the potential growth of assets over time.By sticking to the "buy the dip and hold" strategy, investors can avoid making emotional decisions based on short-term market fluctuations.This can help reduce panic selling tendencies during market downturns, which often lead to losses.
"Bye the dip & hold" can also be combined with dollar-cost averaging where investors regularly buy a fixed dollar amount over time regardless of price. This can help smooth out the effects of market volatility and potentially lower the average purchase price over time. Buying the dip and holding assets is aligned with belief in the long-term fundamentals of the asset. It implies confidence in the underlying technology and the potential for future adoption and growth.

Cryptocurrencies, in particular, have shown significant growth over the years, making them attractive for long-term holding strategies. I love this strategy and always suggest it to everyone.

Even though your various bot responses are not incorrect, we are talking about bitcoin here.. not shitcoins.  Your use of the term cryptocurrency seems to imply that buying the dip, holding and/or DCA would apply to shitcoins, which is a questionable proposition at best.  Fuck shitcoins and fuck the uses of the term cryptocurrency if you actually mean bitcoin then why didn't you use the word bitcoin in your whole bot-generated post?