Buy the DIP, and HODL!

[Cryptoprincess101]

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

[1714698620]

1714698620

[1714698620]

1714698620

[1714698620]

1714698620

[Justbillywitt]

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.
 

[Makus]

and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers. If you must buy, then now is the time, the market movement cannot be predicted always and that is why DCA is one of the most used strategy for accumulating. Those who started buying last year January will definitely have more profit than those who are just starting now, and those who start buying now will also be in greater advantage in profit compared to those who would be starting in the next couple of years.

Since the market isn't something we can predict accurately, trading would be one of the worse experience of a Bitcoin investor. Though they can use the profit they get to neutralize their thinking that they are actually making loss than when they invest full-time, but the truth is, they are actually making loss because they have the opportunity right in front of them to maximize their profit by letting their holding be for a very long time but they choose to buy and sell at small dips and pumps. Those who trade are entirely gamblers playing with their asset. Trading has a way of tricking people they are making a lot from it but the actual fact remains that, they would have done more if only they invested for long term.

Investing in the DCA approach must be long-term and have the capacity to take risks. A separate fund must be kept for long-term holding as the family needs to be met from external sources of income from that separate schedule. If there is no different funding then Bitcoin will be held off for a long period of time. This holding can be affected to meet the needs of the family. That is why a separate fund is definitely needed to save Bitcoin holdings.

This is the more reason why we need to make calculations based on our financial income before setting aside any money for investment. The worse thing that can ever happen to an investor is going back to sell your coin after investing it due to limited finance for survival. As investor it's important you make calculations before taking any investment decision. Like for instance, most persons use 10% of their income for DCA, some might use 20% based on their schedule and their income. You can choose to use any percentage of your choice that suite your financial management without disturbing your other financial activities. And aside just investing, you need to consider making provision for emergency fund, because it's the only way you can escape emergencies without altering your Bitcoin investment. It's preferred you make your emergency fund enough for you for alt least 3 months, but you can go as far as having a 6 month emergency fund. Doing that, you'll feel secure and comfortable with your holding.

[Salahmu]

and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers.

Actually I don't really no were those investors get that concept that Bitcoin must get to a certain dip before they could buy, actually is a very wrong mentality because considering the potential of Bitcoin and how the price movement behave I see no reason why an investor will allow buying dip to stand as determining factor on his Bitcoin investment because if it happens that the price did not get to the exact point they wish to buy that means they will automatically end up not buying at all.

Perhaps it will be very wise for an investor to learn from the mistakes of other investors because there has been numerous of testimonies concerning how many investors lost the opportunities they had on investing on Bitcoin all in the name waiting for the right moment before they could invest and at the end they end up not getting the opportunity to buy Bitcoin and still so many other investors are still having that mentality of waiting for the dip before they could buy.

[Wind_FURY]

--Snip--

I was actually thinking about what you posted, and you may be right. Perhaps it shouldn't be how much a person could purchase now, and chase life-changing gains. Bitcoin is more about self-sovereign ownership of our own assets, freedom, and censorship-resistance, NOT entirely to get rich. Although getting rich and doing that with Bitcoin would be nice.

Remembering the ethos upon which the foundation of Bitcoin was built on, then DCA, buy at any price NOW if you can is probably what people should do.

Your first paragraph is especially a good framing Wind_FURY. 

In that regard, bitcoin provides us with a lot of various kinds of empowerment that is not merely about getting rich - even though getting rich seems to have had historically been an additional benefit that people have been receiving by building their BTC stash and mostly HODLing their BTC stash through many years.

Some people only come for the get-rich part of bitcoin and they are focused on the getting rich part and not even giving any shits about the empowering part, and surely some of these people will evolve in their thinking and understanding of bitcoin, but some of them will never get over the mere monetary focus, which I suppose in several senses if still valid, even though it is incomplete and somewhat superficial way of thinking about and understanding bitcoin... ..

even though as long as we keep building and holding our BTC, we can have very good chances of being able to end up doing both, too.. whether our original intentions had been exclusively on one or another, it still seems that both will continue to play out in the coming years.. and there are some who even say that it is inevitably based on math, even though many of us realize that it is not inevitable, yet bitcoin is a pretty amazingly designed system.. that is likely to persist and even to go up in value, which surely makes it more beneficial to any individuals to be sure to employ consistent, persistent, ongoing and perhaps even aggressive (without over doing it) accumulation strategies.

I'm guilty of that. ¯\_(ツ)_/¯

I started my journey through "trading" shitcoins thinking I would get rich, lost some of my savings, then I made the decision to put almost 100% of my savings until 2019 into Bitcoin. It was greed that attracted me here, but as I researched and learned more and more about "my investment", it stopped entirely being just an "investment", but it also became a back up/fall back in case the entire financial system fails/in case I need censorship-resistant transactions if we end in a world of CBDCs

We should stay for the ethos.

[Tmoonz]

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

It is a certainty that every investment comes with it's shares of gain and loss (risk) but the one that has less risk is been prioritize in the thread which is long term investment, but deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines. What is been shared here is just an advice every investor has  the freedom on choice of investment and be held solemnly responsible for  actions. Let the truth be told short term investment or trading or what ever you may call has a higher risk than long term investment, one of it's attributes is that it destabilize the emotional stability of any investor be it experience or new investor.

[Ruttoshi]

rading Bitcoin to me doesn't seem like gamble though it's risky but sometimes if you follow the right signals and watch the activities of coins in market cap. closely them you can actually make some profits from it just that the profit wouldn't be that much and people who trade Bitcoins are are only interested in the short term profit rather than being patient and enjoy a long term gain but however, every investor is entitled to how they actually want their investments to go so sometimes they do make profits from trading bitcoins.

Trading is like gambling, because someone that don't have the skill to trade and is looking for trading signal, is a gambler. This is because he is throwing his money into something that he doesn't have any idea of, if the people giving him signal are only after his money. He will pay for subscription and also loss his bitcoin. I will say this is the a dumb idea. A newbie should stay away from trading, and invest with DCA and hodli for long so that upi can use your bitcoin investment as a life safer in future, when he is old. It is better to invest now that you are strong and have the funds to do so. So that after a long time, when you are old, you will be proud that you hodli your bitcoin investment till that time.

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.

Will I say that you are short minded because you sound more like a trader than someone who have the intention to hodli for long. What is the point of Selling all your bitcoin portfolio in ATH, what will you do with the money that can yield you a better profit than bitcoin in the next four years, after you sold it. You want to start all over again, and miss the benefits of the compounding profit that your bitcoin will generate for you. You should also put into consideration that the price of bitcoin increases with timeline, so if you were able to accumulate 0.3 btc and sell it during the Bull run at ATH. It will be very hard for you to buy back 0.3 btc with the same amount that you bought it then.

The way a child is given birth to and the parents will take care of that child for many years spending and providing for him to make sure that he grows up and become an adult who can take care of himself and also take care of the parents when they are old, is the same way we need to invest in bitcoin and grow it through DCA gradually as a newbie so that a time will come when your bitcoin portfolio size has is big. Your money that you invested into bitcoin will start working for you by generating more profit as the price of bitcoin is increasing with timeline, and your bitcoin investment will start be your pride and it will take care of your expenses and whatever you need money for in your old age.

I latter found out he has been following some self acclaimed successful Bitcoin traders on social media. I have actually seen a lot of them and the make trading appear to be a shortcut to wealth and will never tell you the real truth about it.

A lot of trading gurus end up on the wrong side of trades too, so they are all geniuses, until they end up fucking up, and there are quite a few examples of those guys..

This is why I dislike trading because even when you you are a genius in trading doesn't mean that you will not run at loss, so why will I want to learn something that even when I am an expert, I am not guarantee to make profit all the time. A little mistake and you run at a big loss.

[Cryptoprincess101]

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

It is a certainty that every investment comes with it's shares of gain and loss (risk) but the one that has less risk is been prioritize in the thread which is long term investment, but deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines. What is been shared here is just an advice every investor has  the freedom on choice of investment and be held solemnly responsible for  actions. Let the truth be told short term investment or trading or what ever you may call has a higher risk than long term investment, one of it's attributes is that it destabilize the emotional stability of any investor be it experience or new investor.

I absolutely understand your point of view that short term investments leads to emotional instability due to the fact that all your thinking or focus would be on the activities of the market whereas a long-term investor just buy, hodl and watch his investments growing from time to time so your presumption are quite correct regardless of the fact that some short term investors doesn't seems to know the dangers that are associated with short term investments and if the market isn't working to how they planned it then emotions might be involved and this is the more reasons why long-term investments is advisable because you can actually allow the Bitcoin in your portfolio grow while you feel so relaxed and a situation whereby you buy and hodl using the DCA, you may not even be aware that you have accumulated a lot of Bitcoin in your portfolio.

[Promocodeudo]

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

I never said any investment is 100$ sure or certain but rather their are some investment or doings that are less risky, for example holding and trading you can not compare these two because the risk involved in trading is on the high side, in trading despite his calculating of conversant that you think that you know the strategy losing is bound to tapping countless time in it, but in bitcoin holding your fund can only depreciate but it is not possible for it to depreciate to the extent of you losing all your hidlings, so when looking at these which one do you think that's better, with the little I know people that understand bitcoin market has already station their mind in going for more Bitcoin and keep holding for future purposes not immediate gains.

[Richbased]

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.

Will I say that you are short minded because you sound more like a trader than someone who have the intention to hodli for long. What is the point of Selling all your bitcoin portfolio in ATH, what will you do with the money that can yield you a better profit than bitcoin in the next four years, after you sold it. You want to start all over again, and miss the benefits of the compounding profit that your bitcoin will generate for you. You should also put into consideration that the price of bitcoin increases with timeline, so if you were able to accumulate 0.3 btc and sell it during the Bull run at ATH. It will be very hard for you to buy back 0.3 btc with the same amount that you bought it then.

I'm not a trader but I've seen some investors that have been into trading Bitcoin and they are good regardless of the fact that they make few profits from it and moreover, how can an investor sell off all his coin when he knows that he can't buy it lesser than the amount he sold it so if any investor decides to sell off all his coin then he doesn't really know what investment is all about.

The way a child is given birth to and the parents will take care of that child for many years spending and providing for him to make sure that he grows up and become an adult who can take care of himself and also take care of the parents when they are old, is the same way we need to invest in bitcoin and grow it through DCA gradually as a newbie so that a time will come when your bitcoin portfolio size has is big. Your money that you invested into bitcoin will start working for you by generating more profit as the price of bitcoin is increasing with timeline, and your bitcoin investment will start be your pride and it will take care of your expenses and whatever you need money for in your old age.

Your illustration is quite alright but I want to ask you from your illustration what if at the point of the parents taking care of the child in other for them to grow up and take their own responsibility then peradventure the parents losses such a child while they are trying to grow up is it a gain or a lost to the parents? See everything we are doing in life is just risk as no one knows exactly what the future holds or how it might turn out to be so also is our investments as we invest not actually because we are certain that we will make profits but because of our optimism towards positivity so anything is expected to happen to ones investment be it on the short run or the long run.

[Odohu]

Your first paragraph is especially a good framing Wind_FURY. 

In that regard, bitcoin provides us with a lot of various kinds of empowerment that is not merely about getting rich - even though getting rich seems to have had historically been an additional benefit that people have been receiving by building their BTC stash and mostly HODLing their BTC stash through many years.

Some people only come for the get-rich part of bitcoin and they are focused on the getting rich part and not even giving any shits about the empowering part, and surely some of these people will evolve in their thinking and understanding of bitcoin, but some of them will never get over the mere monetary focus, which I suppose in several senses if still valid, even though it is incomplete and somewhat superficial way of thinking about and understanding bitcoin... ..

even though as long as we keep building and holding our BTC, we can have very good chances of being able to end up doing both, too.. whether our original intentions had been exclusively on one or another, it still seems that both will continue to play out in the coming years.. and there are some who even say that it is inevitably based on math, even though many of us realize that it is not inevitable, yet bitcoin is a pretty amazingly designed system.. that is likely to persist and even to go up in value, which surely makes it more beneficial to any individuals to be sure to employ consistent, persistent, ongoing and perhaps even aggressive (without over doing it) accumulation strategies.

I'm guilty of that. ¯\_(ツ)_/¯

I started my journey through "trading" shitcoins thinking I would get rich, lost some of my savings, then I made the decision to put almost 100% of my savings until 2019 into Bitcoin. It was greed that attracted me here, but as I researched and learned more and more about "my investment", it stopped entirely being just an "investment", but it also became a back up/fall back in case the entire financial system fails/in case I need censorship-resistant transactions if we end in a world of CBDCs

We should stay for the ethos.

Well I guess we have similar story to tell. I started from investing in ICOs of shitcoins like PumaPay that collected over $8 million and gave investors shitcoins that died without value. Because of that I made the post that It is only Bitcoin and nothing else. So, be it trading or ICO and whatever, I have learnt my lesson the hard way and have taken the decision already and so far, I feel much better and relaxed.

I know some people argue that Bitcoin does not give huge profits like X10 or X100 over a shot period of time. This is true and I like it that way because it is only someone filled with greed that will expect to make profits of X10 to X100 with a very short time. Those who are fixed on following the part will always live to tell their gory stories amidst uncontrollable tears. There is a popular adage that says that "when rain beats you twice, you will know the real meaning of cold". So I will not allow myself to make the same mistake twice. No matter how lucrative they make trading or investing in ICOs seem, it is and will never be for me.

Building a Bitcoin portfolio may be slow with its challenges such as being disciplined to follow the plans, but what is certain is that you are sure that you are biulding on a solid foundation and not on quicksand.

[Promocodeudo]

and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers.

Actually I don't really no were those investors get that concept that Bitcoin must get to a certain dip before they could buy, actually is a very wrong mentality because considering the potential of Bitcoin and how the price movement behave I see no reason why an investor will allow buying dip to stand as determining factor on his Bitcoin investment because if it happens that the price did not get to the exact point they wish to buy that means they will automatically end up not buying at all.

Perhaps it will be very wise for an investor to learn from the mistakes of other investors because there has been numerous of testimonies concerning how many investors lost the opportunities they had on investing on Bitcoin all in the name waiting for the right moment before they could invest and at the end they end up not getting the opportunity to buy Bitcoin and still so many other investors are still having that mentality of waiting for the dip before they could buy.

The fact is that Peoples tends to misunderstand Bitcoin and it movement because of personal gain, ok, are the calculating or predicting the base on the are the people controls the market or what, this is deceit on their own side, you don't wait for a market that's is not controlled by you to dip to your satisfaction before you can buy because such market will keep disappointing and at the end you may discontinue your plan of buying, why not take the advantage as it is to continue accumulating, procrastination and indication is a problem to most potential Bitcoin investors, the keep reading speculations and waiting for what the call the right which may never come, why not make toll the way now and keeping doing the needful, this is the reason why I don't like going to the internet to read Bitcoin dip news or speculation because it is very discouraging.

[Justbillywitt]

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

If someone is afraid of the dip, how will you see profitability in bitcoin. If you have been in the crypto for long, you will understand that dip is one of the most interesting time in the market. Dip gives you the opportunity to gather more and position yourself. Yes I know everyone loves to see the green candles, than the red candles, the beauty of the market as an investor is when you see the dip as an opportunity instead of seeing the fear that others are seeing. Remember if you don't buy the dip you can't sell the top. Those who are scared of the dip are newbies. Without dip there won't be much profitability in bitcoin investment.

[iamsange]

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

[Troytech]

When the source of funds have been established, then the money should generally be divided into three parts which are for basic needs, for emergency needs and then the part for investment. Each of this should be carefully calculated to be able to get them right from the beginning and when that is done, the journey of Bitcoin investment will become smooth and effortless without the panic and anxiety that many investors exhibit.

I think for a newbie getting these calculations right might be a difficult thing cause speaking from experience the best way for anyone to learn these strategies is to start doing them as soon as possible then on the process of doing so you would better start to the reasons for setting up each of them. Yes and it's also very important that we establish our income in such a way that we are very comfortable with investing in bitcoin and also so that we can take advantage of every Market condition that comes our way. And for a newbie I also think think as important as getting our income, emergency funds and reserves in place its also good we try not to fuck around with our holdings with risky practices like selling to get more bitcoin, cause the market can go against your favour and you would end up buying higher than you sold and also risky practices like trading, it's totally unwise to be rucking around your bitcoin especially in your early stage of accumulating bitcoin, our focus should be on regular and consistent DCA buying until maybe 2 years or 4 years before we decide to maybe go a little aggressive or start trying to be smart about our investment, maybe applying strategic selling to aquire more bitcoin but this should be done with only a minimal amount of our holdings like 10% if possible.

[Moreno233]

The way a child is given birth to and the parents will take care of that child for many years spending and providing for him to make sure that he grows up and become an adult who can take care of himself and also take care of the parents when they are old, is the same way we need to invest in bitcoin and grow it through DCA gradually as a newbie so that a time will come when your bitcoin portfolio size has is big. Your money that you invested into bitcoin will start working for you by generating more profit as the price of bitcoin is increasing with timeline, and your bitcoin investment will start be your pride and it will take care of your expenses and whatever you need money for in your old age.

This is absolutely correct, I really like the illustration you have given as it paint a clear picture of why we must prioritize investing now that we have the opportunity because it is what we save now that can save us tomorrow. The DCA method is really a golden opportunity for us since it comes with it the discipline and rest of mind that should follow every worthy investment. Those who appreciate the power of starting small will be able to picture the future through the DCA method.

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.

Will I say that you are short minded because you sound more like a trader than someone who have the intention to hodli for long. What is the point of Selling all your bitcoin portfolio in ATH, what will you do with the money that can yield you a better profit than bitcoin in the next four years, after you sold it. You want to start all over again, and miss the benefits of the compounding profit that your bitcoin will generate for you. You should also put into consideration that the price of bitcoin increases with timeline, so if you were able to accumulate 0.3 btc and sell it during the Bull run at ATH. It will be very hard for you to buy back 0.3 btc with the same amount that you bought it then.

I'm not a trader but I've seen some investors that have been into trading Bitcoin and they are good regardless of the fact that they make few profits from it and moreover, how can an investor sell off all his coin when he knows that he can't buy it lesser than the amount he sold it so if any investor decides to sell off all his coin then he doesn't really know what investment is all about.

I don't think we are discussing how good trading is or not. If we begin to discuss trading now we may derail from the topic of discussion. You can already see many comments about people losing money to trading, that should tell you that trading is not for everyone unlike investing in Bitcoin for longterm hold which can be done by anyone if the simple principle like DCA is followed religiously.

Why will anyone go into trading that can wipe out your entire money leaving you in regret instead of focusing on accumulating Bitcoin gradually until you build something magnificent in the future. One thing I know about humans is that some people do not learn from the mistakes of others.

[ultrloa]

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.
 

Exactly since you could touch your balances which supposed to be used for holding if you don't have enough emergency funds to use for certain things needed in future. That's why its been discussed that 3 months is already enough and some other say 6 months is fine so that they will be in good shape and nothing will disturb them towards their long term hodl plans. 

If they just say that they are here for hodl but they don't do any long term preparation for sure they would fail especially if these people will encounter a huge upset and the market will suddenly experience a bear market condition since provably they would dump their coins to save their asses. For this scenario emergency funds is really needed so that they will not think about touching anything then can afford or able to forget the funds they saved.

[Humblevirus]

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.

An emergency savings is not what we should use to play when we really want to hold our Bitcoin investment over a long period of time. A lot of people always have plans to hold their Bitcoin for a very long period of time, but because of emergency savings they lacks side is what makes them sell their Bitcoin or sell part of their period when the problem arises. So for a smooth Bitcoin investment, we should always know that emergency savings are always necessary, and we should alao be trying to continue saving for emergencies that may arise in the future and as we continue accumulating more Bitcoin.
 
 

[Agbamoni]

and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers.

Actually I don't really no were those investors get that concept that Bitcoin must get to a certain dip before they could buy, actually is a very wrong mentality because considering the potential of Bitcoin and how the price movement behave I see no reason why an investor will allow buying dip to stand as determining factor on his Bitcoin investment because if it happens that the price did not get to the exact point they wish to buy that means they will automatically end up not buying at all.

Perhaps it will be very wise for an investor to learn from the mistakes of other investors because there has been numerous of testimonies concerning how many investors lost the opportunities they had on investing on Bitcoin all in the name waiting for the right moment before they could invest and at the end they end up not getting the opportunity to buy Bitcoin and still so many other investors are still having that mentality of waiting for the dip before they could buy.

Buy on dips is not such a bad strategy, but when it is been prioritized as a determining factor for investing or buying then it's more like trying to gamble the market, and I think these set of persons are not actually long term holders, cause true long term holders are looking at accumulating more bitcoin while these short term investors are just there to make quick profits, hence why they prioritize buying at dips, but the flaw of their design is the fact that you can't really tell if the dip you bought is the last dip, what if the Market continues to dip and you end up catching a falling knife 😅. Moreover, there are times that people tend to wait for the dip for long and it doesn't come meanwhile if they have been dcaing consistently during those times they would have gotten enough in their bitcoin portfolio. Buying at the dip is good but waiting for the dip is not a good idea. The best option is while waiting for the dip, buying by dca could make you reach your target faster.

[teamsherry]

Trading Bitcoin to me doesn't seem like gamble though it's risky but sometimes if you follow the right signals and watch the activities of coins in market cap. closely them you can actually make some profits from it just that the profit wouldn't be that much and people who trade Bitcoins are are only interested in the short term profit rather than being patient and enjoy a long term gain but however, every investor is entitled to how they actually want their investments to go so sometimes they do make profits from trading bitcoins.

Trading is totally unpredictable and there is a risk of you losing your money, cause what you are actually doing is predicting the next move of the Market and bitcoin has proven to be unpredictable, yes you might be lucky and yes their is a place for study and analysis, but what this enables you to so is to make better decisions and does not eliminates the fact that the Market remains unpredictable.

Okay let me say it this way, I do have a brother that gambles on soccer league and I've watched him make some analysis before predicting, he goes and checks for the past performance of the football teams and use that performance to make his predictions, sometimes it would go as planned and some times not, fo a fact that he analysied through past performance and checked a few prediction sites doesn't remove the fact that the outcome remains uncertain and is a gamble same with trading, although I don't want to talk down on trading and call it gambling but the rules are thesame, and its not reasonable for someone to be fucking around  with an asset like bitcoin, cause it has real value, you can gambling with your money ( fait) but not bitcoin, how many persons would place a bet with their homes or valued real estate, bro same as bitcoin here. I guess we all have to start seeing bitcoin as a valued asset. And that way we won't be having funny ideas playing with bitcoin.

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.

Your making it sound so easy, I don't think so, you might get your analysis right but at same time the market could go against you. And about controlling your emotions, how can I put my emotions at rest when something as valuable as bitcoin is on the line. Trading Bitcoin isn't just risky its unwise especially as a newbie investor just starting to accumulate bitcoin, from what I've been reading on this thread, of you must trade your holdings, use a very little percentage, but that should be after when you have accumulated a lot of bitcoin.