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Author Topic: Buy the DIP, and HODL!  (Read 79228 times)
Dunamisx
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March 02, 2024, 04:45:11 PM
 #6541

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.

With the way bitcoin have widely spread across the world, some were already choosing it as their major currency of payment and live by it, if we are going more wider in the usefulness of this digital currency, we can derive as many as thousands out from what bitcoin is giving to their individual and collective economy and financial development, when we are also a long time bitcoin investor's, we could be able to point out on many ways we could go by with our investment as in other not to affect us through our holdings, because we have already been investing overtime and can point out on more successful seasons we have been profitable with our investments, i don't think there's a way we can hodl bitcoin and regret doing so because the profitability enough will speak and silence any other contrary objections towards that our investment with bitcoin.



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March 02, 2024, 05:11:46 PM
 #6542

With the way bitcoin have widely spread across the world, some were already choosing it as their major currency of payment and live by it, if we are going more wider in the usefulness of this digital currency, we can derive as many as thousands out from what bitcoin is giving to their individual and collective economy and financial development, when we are also a long time bitcoin investor's, we could be able to point out on many ways we could go by with our investment as in other not to affect us through our holdings, because we have already been investing overtime and can point out on more successful seasons we have been profitable with our investments, i don't think there's a way we can hodl bitcoin and regret doing so because the profitability enough will speak and silence any other contrary objections towards that our investment with bitcoin.

The main theme here is that people who generally earn less than others and their income is not enough to meet their monthly needs, they cannot deposit bitcoins, such problems are more common. They cannot implement any plan properly in the long term which causes major problems. Now if we think about the current world system, most of the currencies of the countries are traded as digital currencies and Bitcoin is one of them. Which is most important in digital transactions.

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Justbillywitt
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March 02, 2024, 05:36:10 PM
 #6543

Rest assured those who bought in 2022 will not sell their BTC in the near future because I believe they are big investors who have seen great potential in Bitcoin in the future.

I won't totally agree with you that everyone who bought bitcoin in 2022 will not sell their bitcoin. I will tell you for free that not everyone who bought bitcoin in 2022 are still holding their bitcoin till date. Holding is a mindset and not everyone can do it. In every 20 person that buy bitcoin, you will be surprised to know only about 7 or less will hold for long term. People who are coming into bitcoin investment should understand that holding bitcoin is for long is part of the investment process and only through this can we truly benefit from it more.

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March 02, 2024, 06:13:06 PM
 #6544

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.
if you understood what he is trying to say rightly, you will know that although the emphasy has been more of making investment on a long term bases, short term investors also have profit in Thier investment, it's only that it is more profitable to invest in the long term with a greater amount of  Bitcoin than investing a small amount and because people are talking about taking back Thier investment you join them in doing so without necessarily understanding that most of them might have been HODling for a longer period of time compared to you and that they might have reached thier investment goal which place them at a good position to selling at the moment.

Regardless of the reasons given to you on why long term investment is better than HODling for a short period of time, the decision to  leave your investment for long is  totally up to you to make and the truth is that as long as what you get at the point you decide to sell off your holding is bigger than what you've invested, you've gained your profit and if the amount you sold your holding meets your investment goal, then that's good enough.

Everyone has different Bitcoin accumulation trajectory and so you have to be focused enough not to allow someone that bought Bitcoin ten years ago when the price was small and that had been accumulating since then and wants to sell at this current bullish period to become the reason why you want to sell your two year holding that's not even up to 0.05BTC.

Regardless of how you look at it, long term investment will always be more profitable than whatever short term investment.

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March 02, 2024, 06:40:54 PM
 #6545

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.
short term investors also have profit in Thier investment
IMO short term investors are making no real profit from bitcoin cause they still sell their holdings after some increase in value and to me that is because they don't understand the potential of bitcoin for the long term hold.
The reason why long term holders makes more profit over short term investors is cause they allow the compounding value effect to happen on their bitcoin and bitcoin is a scarce asset that would continue to increase in value over time even if not at a faster rate.

If you look at what is currently happening the demand of bitcoin is high to the point that exchanges don't have enough liquidity to handle the demand of it, and you know what happens when an item is scare and high on demand, it's value would increase and this is not something that happens for a short period of time, you know that as people continue to buy and hold bitcoin the supply would continue to decrease making it to gain more value, so if anyone really understands the value of bitcoin as an asset he would be thinking in terms of accumulating more than taking profits off his holdings on a short term.

I am not saying making or taking profits off your holdings is bad but this should be after a period of accumulating at least enough bitcoin which is different for everyone but should be at a minimum of 4 years of accumulation. The only way to truly be prepared for up is to have more bitcoin.

And speaking of who has been more profitable, some person's that bought bitcoin right around when it was still at 30$ and sold when it hit a 100$ would have made profits from it yes, but imagine what those that kept their holdings up until now and see how many x and compounding value effect that has happened on their portfolio, so even historically long term holders have benefited from bitcoin more than short term holders.


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March 02, 2024, 06:41:56 PM
 #6546

Success is not measured from the start of the investment you make, but it will come by itself without you realizing it at some point in the future.So start building your Portfolio with Bitcoin and deploy your money in several phases to maintain the opportunity to buy aggressively when the price drops. I'm also happy and the reason is because BTC has almost reached a new ATH. For this reason, a journey that requires a lot of patience will bear fruit in the future and it all belongs to those who are able to Holding it in the long term.
The earlier you invest, the more likely it is for you to buy at a low price. Imagine an early bitcoin investor or someone who bought at $16k in 2022, I'm sure they would have gotten 4x returns if they were really able to manage their psychology when the market fluctuated highly. Of course it is true that patience is the key to success in investing, but patience alone is not enough. You need to be able to build an investment portfolio well and adjust it when things don't go according to plan, so patience alone is never enough in investing.

During late 2022 bitcoin experience a dip in price around $15k . And I had the chance to buy back then when the price was still low, guess what I didn't. Till now still regretting that shit , I guess was because I didn't have proper knowledge concerning bitcoin and investing in it , may be now I would have gotten some good stash of bitcoin in my portfolio now .
Boss! You have given your answer and I want to some opinion that-
It would be frustrated if missing out an opportunity about buying BTC at a lower prices and regrets in financial decision. some of the people might be panic if they selling right now, but now the right time to start full-fill your wallet and build up your portfolio for buying BTC. I might be believe this is the right time to continue to DCA the line, HOLD and believing the rewarded history and you will be reward in coming future.
Yeah missing some good opportunity expecially In this space (bitcoin) can be damn frustrating, so inorder for you not to feel such way start your bitcoin accummulation is a good head  start. Aslong you using the DCA strategies to accumulate some quantity of bitcoin (for long-term investment)  irrespective of the amount you using to purchase it, now is still early for you to start your accumulation because soon you may  no longer see bitcoin in 5 digit but in 6 digit. Don't forget your DCAing can be weekly or monthly depending on your financial capability.

Taking profit from your investment is good, and actually suggested so you can re-invest those profits into another asset. BUT in a new asset class such Bitcoin, I would discourage anyone from taking profit in any price under six digits. Why? Because we haven't truly seen its real value financially, and its REAL value socially and politically.

There were people warning us that Legacy Finance is coming, and they came. I believe there will be some people that will warn us that the Government is coming, not to ban Bitcoin but to BUY, and they will come. Russia is probably buying Bitcoin right now.
Exactly this actually nice. In bitcoin taking  profit in such time in Bitcoin, won't be smart at all, mostly  those that are planning to sell all their bitcoin because of the recent growth in  price. Just as you said bitcoin still have alot of growth potential in it and hitting $100k+ is just the beginning, bitcoin is going to surge higher and higher so panicky when holding Bitcoin is irrelevant (because is bitcoin we holding not some kind of random shit coin).

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March 02, 2024, 06:44:36 PM
 #6547

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.

According to your post type only those who sign this forum only invest in bitcoin?. 
You may be earning bitcoins weekly from this forum. But those who have other investors how will they invest?

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.


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March 02, 2024, 07:16:05 PM
 #6548

Selling our bitcoin too early would surely lead to regrets especially when we are never able to buy back bitcoin at that same price we did as when we bought it, many person's are talking about taking profits even some early investors that I know that I started with and I'm like how many bitcoins have you accumulated that you feel you are on the right for taking profits, the truth is many of them came in for the profits and never had any intention of staying or holding bitcoin for a longer term.

At times it is very possible that bitcoin would never go back to former prices and those who were opportunited to have some early bitcoin that they got at a price if 25-30k earlier this year and decides to sell this bull run might never be able to see the likes of bitcoin in those price range ever again and would have to get it at a even higher price, to me if you haven't accumulated up to 5 years you should not be think of selling or taking profits the plan is to allow as much compounding value effect on your portfolio as possible.
When to sell Bitcoin will be the decision of each investor because those who know when they sell their Bitcoin. Maybe someone sells bitcoin at the current price but they only sell a little bitcoin to take advantage. But there are still many investors who still hold their Bitcoin because they think the price of Bitcoin will make his new ATH. When the price of Bitcoin reaches its new ATH price, they will sell the Bitcoin.
That's not the point I am trying to make here, I am less trying to make that decision for anyone but what I am trying to point out is what exactly are you taking advantage of the bull run? or losing your holding to someone who is more willing to hold longer, IMO bitcoin has well passed that level for us to be treating it like some mere ponzi investment that you buy at a lower point and sell at a new ATH, many old investors have done this and have regretted from doing so because bitcoin continued to increase in price and more compounding value effect happend on it, what about those that bought bitcoin when it was about 8k and sold when it hit 30k, would any of them feel okay when they see the price at 100k knowing that if they held longer that they would have had more substantial profits than selling sooner.

And most of here are still very early in bitcoin and we should have no business selling cause we don't even have enough bitcoin to play around with or let's say sell a little, you can take advantage of the bull run if you are well prepared in bitcoin and I mean having enough and that enough is a choice that everyone has to make for himself according to his or her fuck you status.
But the question is how much is the price of the new ATH because no one knows for sure. For this reason, each investor must be wise if they want to sell their bitcoin. They should have started determining the selling price so that they don't miss out if they want to sell the bitcoin. After Bitcoin reaches its new ATH price, no one knows when the price of Bitcoin will experience more correction. We also don't know if the price will return to $25K- $30k as its lowest price because the lowest price of Bitcoin yesterday was at $15K- $17K, which many of us did not expect.
And that is even the more reason why selling at an early stage of investment is a bad idea cause you don't know anything and can't be so certain about anything, you could sell at 100k and bitcoin would reach a new ATH of 200k and your 100k backwards and you can't even take advantage of it cause you have sold your holdings, sir jay once spoke of selling in a way that you would sell with each trippling or doubling on your investment like up to 25% but this strategy is for those that have well built their portfolio and have some coins that are very old and have lots of profits on them so that you don't end up selling too much of your stash and if your stash is still small and you know it then selling should not be for you.

Who knows, the lowest price of Bitcoin can return to the price of $ 25K- $30k so that it provides an opportunity for investors who have sold their Bitcoin at the price of their new ATH to be able to buy more Bitcoin. The new ATH price for Bitcoin is likely to reach more than $ 100K and can even be higher than that price.

Now that might never happen bitcoin might or would never return to prices like 30k or 25k even if the bear comes and we might never know how far the bull might take us and think in such terms is quite a gamble cause many person's have made this analysis and given them selfs reason to sell think the price would drop back down but it never did.

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March 02, 2024, 08:11:00 PM
 #6549

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.


The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.


Store Small amounts?? Or buy bitcoins  in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to  storing  but centralise more on buying  strategy,you used the word "purchase" later which seem to suit and buttressed your point.


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March 02, 2024, 09:18:36 PM
 #6550

The earlier you invest, the more likely it is for you to buy at a low price. Imagine an early bitcoin investor or someone who bought at $16k in 2022, I'm sure they would have gotten 4x returns if they were really able to manage their psychology when the market fluctuated highly. Of course it is true that patience is the key to success in investing, but patience alone is not enough. You need to be able to build an investment portfolio well and adjust it when things don't go according to plan, so patience alone is never enough in investing.
Yes, that's not a problem because everyone may have opportunities that they make the most of and sometimes some of them ignore them. Of course, investment goals require several factors that can make you patient in long-term investment and this can only be done by people who truly believe in the current progress of Bitcoin. If you look at the 2022 period, of course those with weak hands may now regret their decision and that is a bad thing for them to remember. There are people who are able to take advantage of the opportunity to buy on dips and hold them for the long term because investment is not just buying and holding but we also have to be active in the current development of Bitcoin's progress.

Many people say Bitcoin will reach ATH, and what we need to know is that they have taken advantage of the 2022 dips to accumulate more BTC and now their dream has come true. Of course the mental burden is within us, but it depends on how we manage it to release our thoughts to other things when the market changes suddenly. If that is successful, we need one more factor, namely patience.

In principle, those of us who already have experience with Bitcoin and the best way to manage our finances, of course our psychology is strong enough to face the many fuds circulating and our decision is only to hold on and achieve success in the future. Moreover, Bitcoin only has a supply of 21 million coins, so that's what we remember so as not to make any more mistakes in the investment we are currently carrying out.

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March 03, 2024, 01:58:57 AM
Merited by JayJuanGee (1)
 #6551

Rest assured those who bought in 2022 will not sell their BTC in the near future because I believe they are big investors who have seen great potential in Bitcoin in the future.

I won't totally agree with you that everyone who bought bitcoin in 2022 will not sell their bitcoin. I will tell you for free that not everyone who bought bitcoin in 2022 are still holding their bitcoin till date. Holding is a mindset and not everyone can do it. In every 20 person that buy bitcoin, you will be surprised to know only about 7 or less will hold for long term. People who are coming into bitcoin investment should understand that holding bitcoin is for long is part of the investment process and only through this can we truly benefit from it more.
Yes, you are right, not everyone who bought Bitcoin in 2022 is still holding their Bitcoin until now and even if there are, they may have sold some of what they have for various reasons. To be able to hold a certain amount of Bitcoin in the long term certainly requires good planning. and also we must have an income that can meet the needs we need because if we do not have good planning and a steady income then it is very unlikely that we will be able to hold on for a long time.
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March 03, 2024, 03:48:06 AM
 #6552

Rest assured those who bought in 2022 will not sell their BTC in the near future because I believe they are big investors who have seen great potential in Bitcoin in the future.

I won't totally agree with you that everyone who bought bitcoin in 2022 will not sell their bitcoin. I will tell you for free that not everyone who bought bitcoin in 2022 are still holding their bitcoin till date. Holding is a mindset and not everyone can do it. In every 20 person that buy bitcoin, you will be surprised to know only about 7 or less will hold for long term. People who are coming into bitcoin investment should understand that holding bitcoin is for long is part of the investment process and only through this can we truly benefit from it more.
Yes, you are right, not everyone who bought Bitcoin in 2022 is still holding their Bitcoin until now and even if there are, they may have sold some of what they have for various reasons. To be able to hold a certain amount of Bitcoin in the long term certainly requires good planning. and also we must have an income that can meet the needs we need because if we do not have good planning and a steady income then it is very unlikely that we will be able to hold on for a long time.
I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.

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March 03, 2024, 04:18:34 AM
 #6553

Store Small amounts?? Or buy bitcoins  in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to  storing  but centralise more on buying  strategy,you used the word "purchase" later which seem to suit and buttressed your point.


You are right if you can invest here in a small scale, then the price is not an issue, but bitcoin sometimes rises so fast, in some cases it happens so fast that many people here can not even want to invest. Here it is very important to invest consistently in terms of investment.

Many times it is seen that even if you invest much less, if you maintain the consistency, it is possible to achieve a very good profit.

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March 03, 2024, 04:50:35 AM
 #6554

Store Small amounts?? Or buy bitcoins  in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to  storing  but centralise more on buying  strategy,you used the word "purchase" later which seem to suit and buttressed your point.


You are right if you can invest here in a small scale, then the price is not an issue, but bitcoin sometimes rises so fast, in some cases it happens so fast that many people here can not even want to invest. Here it is very important to invest consistently in terms of investment.

Many times it is seen that even if you invest much less, if you maintain the consistency, it is possible to achieve a very good profit.

If you have to invest with the intention of earning good returns, follow the DCA method and keep it for at least two years. The years 2024 and 2025 are the best time to hold Bitcoin because if you are patient for a while, you can definitely reap the benefits from here. If you take the DCA method based on the current price of Bitcoin, the average price will definitely control and your buying volume will decrease. So invest your money quickly by following the DCA method and you will definitely be ready to hold for a long time from here. Remember that investing in Bitcoin with the DCA method creates investment interest.

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March 03, 2024, 10:08:00 AM
 #6555


According to your post type only those who sign this forum only invest in bitcoin?. 
You may be earning bitcoins weekly from this forum. But those who have other investors how will they invest?

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.


I think not everyone on this forum invests in Bitcoin. But it is a place from which there is much to know and understand. Must understand before starting any business and this one of the best platform where we learning about BTC and trading BTC.
On the other hand Some may have portfolios in the stock market, others cryptocurrency, bonds, real estate, or other jobs. From there we can share the experience on this forum. Regarding the DCAs strategy have been designed the impact of trading investing, fixed asset remain regular over time. It's have no limited to BTC but it can apply to any others investment.
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March 03, 2024, 01:25:05 PM
 #6556

I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.
It would be extraordinary if you were able to hold your investment until 2030 from 2022, because from the increase in prices that you have seen now, of course you yourself already know how much profit you have made from this. But if you still want to get something bigger than the current one, it's certainly not wrong for you to try it because Bitcoin investors must have a long-term investment plan. I am also still holding back part of my investment during this time because I also believe that the price of Bitcoin can reach the price you mentioned, although I only hope to see a new ATH in Bitcoin this year because that is also more likely to be expected by everyone now

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Ndabagi01
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March 03, 2024, 02:56:15 PM
 #6557

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.
Store Small amounts?? Or buy bitcoins  in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to  storing  but centralise more on buying  strategy,you used the word "purchase" later which seem to suit and buttressed your point.

He must have used the term "small amount" because the DCA method is more geared towards people who cannot afford to buy bitcoin in large amounts at once, i.e. those who do not earn much and cannot sacrifice all of their income to do so. So he may be assuming it is for people who have little money to spare to buy bitcoin, and if they do, they will only receive a small amount of bitcoin in comparison to the money they spent on it. The investment will grow over time, regardless of how small it is, and will eventually become so large that the word “small amount” will no longer qualify it to be called.

I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.

I am delighted to hear this because not everyone can be patient and optimistic about the future of bitcoin until 2030 without first withdrawing and profiting from their investment and then attempting to reinvest using the same DCA method. Not all, but even when bitcoin recently reached $64K, some people must have taken partial profits and saved the rest for the main bull run, which is expected next year. DCA is a good investment strategy because it makes you to narrow down your average price for purchasing each bitcoin.

If I were you, I would still take a partial profit by the next bull run when the price exceeds $100K since I can still continue my DCA and accumulate more bitcoin before the next bull run takes place.  However, stick to your plan; if I were in your shoes, I would have thought the same thing, but since I am not, I am just sharing my opinion. This is what we call the long-term investor vibe in Bitcoin.

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I_Anime
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March 03, 2024, 04:15:33 PM
 #6558

I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.
It would be extraordinary if you were able to hold your investment until 2030 from 2022, because from the increase in prices that you have seen now, of course you yourself already know how much profit you have made from this. But if you still want to get something bigger than the current one, it's certainly not wrong for you to try it because Bitcoin investors must have a long-term investment plan. I am also still holding back part of my investment during this time because I also believe that the price of Bitcoin can reach the price you mentioned, although I only hope to see a new ATH in Bitcoin this year because that is also more likely to be expected by everyone now
holding such time would definitely be epic though. Just imagine the growth bitcoin may have undergo during such time. Bitcoin price would be more than $100k because the potential bitcoin has is more than that. By such time we would be expecting something nice from our holding. You selling your bitcoin now when you haven't hit your accumulation goal. That is a sign of no principle in  your investment , though I know we are in good profit due to the recent risen in price bitcoin undergo but this profit would be lesser than the one you would yield in a long run.
 
Like those that start their hodling from the year 2013 till now when bitcoin price was still low,  during that time they may have stash alot of good quantity of bitcoin, so those set of people can decide to take some profit from their investment without selling all their investment, because they know clearly that they won't have that same privileged to accumulate bitcoin in such low price again. And aslong bitcoin keep growing (which it would) their Bitcoin value in their portfolio would keep increasing massively.

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March 03, 2024, 06:41:30 PM
 #6559

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.
Store Small amounts?? Or buy bitcoins  in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to  storing  but centralise more on buying  strategy,you used the word "purchase" later which seem to suit and buttressed your point.
He must have used the term "small amount" because the DCA method is more geared towards people who cannot afford to buy bitcoin in large amounts at once, i.e. those who do not earn much and cannot sacrifice all of their income to do so. So he may be assuming it is for people who have little money to spare to buy bitcoin, and if they do, they will only receive a small amount of bitcoin in comparison to the money they spent on it. The investment will grow over time, regardless of how small it is, and will eventually become so large that the word “small amount” will no longer qualify it to be called.
I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.
I am delighted to hear this because not everyone can be patient and optimistic about the future of bitcoin until 2030 without first withdrawing and profiting from their investment and then attempting to reinvest using the same DCA method. Not all, but even when bitcoin recently reached $64K, some people must have taken partial profits and saved the rest for the main bull run, which is expected next year. DCA is a good investment strategy because it makes you to narrow down your average price for purchasing each bitcoin.

If I were you, I would still take a partial profit by the next bull run when the price exceeds $100K since I can still continue my DCA and accumulate more bitcoin before the next bull run takes place.  However, stick to your plan; if I were in your shoes, I would have thought the same thing, but since I am not, I am just sharing my opinion. This is what we call the long-term investor vibe in Bitcoin.

Since you are talking about taking profits, you are likely not really engaging in long term investing, unless we are just quibbling over semantics.

So in your case, you are less than 2 years registered on the forum, so we might presume that you have around less than 2 years investing into bitcoin.  It could be possible that you are at a state that you have accumulated enough or more than enough bitcoin to take risks to take profits at various price points that may well end up not being tops... so if we are still in the stage of our bitcoin investment journey, we have to be careful regarding selling too much too soon with expectations to buy back cheaper.. and unless you have over accumulated, it would be difficult to describe that as long-term investing rather than either trading and/or gambling. 

In the end, it is up to you to assess the extent to which you might have had overaccumulated BTC in such a way that you are justified to sell some, especially if you might still be trying to get more, which would seem to be harder to reach the conclusion that you have overaccumulated if you feel that you still do not have enough coin.

Like those that start their hodling from the year 2013 till now when bitcoin price was still low,  during that time they may have stash alot of good quantity of bitcoin, so those set of people can decide to take some profit from their investment without selling all their investment, because they know clearly that they won't have that same privileged to accumulate bitcoin in such low price again. And aslong bitcoin keep growing (which it would) their Bitcoin value in their portfolio would keep increasing massively.

You don't have to be in bitcoin for more than 10 years to be able to reach a conclusion that you are able to shave off some profits without any expectation of buying back.

If you have reached a conclusion that you have enough BTC, then you could shave off some BTC at various points in time as the BTC price is going up and you can figure that you would have fewer and fewer BTC if the BTC price were to keep going up.. but part of the BIG question would be determining that you largely have enough (or more than enough) BTC in order to start to employ such a raking strategy, which I outline in this post.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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March 03, 2024, 07:00:38 PM
Merited by JayJuanGee (1)
 #6560


According to your post type only those who sign this forum only invest in bitcoin?. 
You may be earning bitcoins weekly from this forum. But those who have other investors how will they invest?

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.


I think not everyone on this forum invests in Bitcoin. But it is a place from which there is much to know and understand. Must understand before starting any business and this one of the best platform where we learning about BTC and trading BTC.
In as much as you are right that every investment requires the right knowledge before venturing into it. Bitcoin doesn't require much from you in terms of knowledge. The more you are wasting time to know have more knowledge about bitcoin before investing the more you are wasting your time and if you don't have a portfolio in bitcoin you are not a holder. Provided you know which wallet to store your bitcoin and how to buy from cex or dex I think you are fine. After all you are buying for the long term, and you can know other things you wish to know along your holding period. Bitcoin doesn't require any professional knowledge before you can buy and hold.

Quote

 Regarding the DCAs strategy have been designed the impact of trading investing, fixed asset remain regular over time. It's have no limited to BTC but it can apply to any others investment.
DCA strategy is is a method of buying bitcoin at a certain intervals on a regular basis and not for trading investing. Don't confuse yourself with this thing. I don't know what you are referring to as fixed asset, but for the purpose of this thread DCA is a method of buying bitcoin. We are not discussing other investment assets here.

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