Buy the DIP, and HODL!

[Justbillywitt]

Now if your goal is to accumulate BTC and you feel that you have not accumulated enough BTC, yet, then you probably should not be employing any kind of tools to sell BTC with expectations of being able to buy back, since it seems that you need to first get to a certain high enough level of BTC so that you generally have the sense that you have accumulated enough BTC to be able to feel comfortable shaving some BTC off along the way as the BTC price likely goes up with the passage of time.  I hardly would consider 0.04  BTC to be even close to enough BTC to start such a selling on the way up technique since you are likely still accumulating BTC.. so you would be selling with one hand and buying with the other, yet at the same time, I am not opposed to those who might continue to buy BTC with a DCA method and then try to supplement with some kind of raking strategy, even though it seems a bit contradictory and you may well end up either confusing yourself and/or realizing that instead of buying and selling, maybe you should just focus on buying until you have enough (or more than enough) first before prematurely fucking around with selling.

you know, if not  for constantly going through the thread that constantly reshapes my mentality and thought process on how much BTC is enough before ever thinking of selling, 0.04BTC which is around $2.5k looked like a big  deal for me cause my current weekly DCA accumulation amount is at $40 and I haven't done all that long for my ten year projection and the urge to sell part during this bullish period had once come in.

You just have to tell yourself that this bullrun is not for me, provided you haven't finished your accumulation stage. You are looking at a long term plan here, and this is not going to be the last bullrun we will every see. Remove your thoughts from the market, your only focus should be your buying. You only visit the market when you want to add to your bad, when it's that time of the week you usually buy your $40 worth of bitcoin. You can't compare yourself with someone who has been accumulating for the past 5 to 10 years or more. Many started their accumulating journey accumulating last bitcoin season and now their investment is ripe. So if your accumulation journey is 10 years time, remove your thoughts from any hype in the bitcoin market presently. It is evident enough that each bitcoin season is always better than the previous one, so what is ahead for bitcoin is bigger than what we are seeing today. This should be your conviction to continue your accumulation journey and never be distracted.

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[Asiska02]

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I like the explanation, and it is not a compulsory thing to do, if you don't understand how to go about it, so that you don't end up messing around with your bitcoin by selling it in a way that it will affect your bitcoin hodling compounding profit. I am still in my accumulation stage, and I will like to continue with using DCA strategy, and any other additional method of accumulation to enable me focus on my bitcoin target, because I think that I don't want to sell any yet using that method explained by JJG.

It is our choice to use whatever way that we think will work for us based on our own cash inflow.

This should be a method for those that have accumulated to a point that is satisfactory for them. A point where you might as well use as your target and have probably exceeded it and still accumulating to get more bitcoin in your portfolio. Taking partial profit because your investment as rose above your initial capital will only affect your plan of reaching the target on time. And if you’re engaging in such, you’ve already broke the rule of DCAing and won’t achieve your target as soon as possible. You have now deviated from investing but now gambling with your investment which will not go well for you especially if you’re a newbie that have no idea on trading

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Your explanation sounds correct, Ruttoshi... sometimes options close, but that would not necessarily mean that the Binance users in Nigeria had been rug pulled, even if one of their on/off ramps might have been closed.. but surely sometimes one thing happens that leads to another thing, and sometimes we might need to recognize signs of our coins potentially being more at risk when there are greater levels of hostility that might take place within any particular jurisdiction.  People can sometimes get nervous and panic because they might not know which options are available to them.

What I feel is the better solution to this uncertainty and unforeseen circumstances that leads to such panic in your investment in bitcoin is knowledge. When you don’t seek for more knowledge about what you’re investing in after you’ve even done the investment can serve  as a risk to your investment. The inability to understand the structure on which your investment is built on will definitely lead to panic and will cause you to fear into selling off your assets in bitcoin so that you don’t lose out on your investment all. For a knowledgeable person in bitcoin that has knowledge on bitcoin can tell that the restrictions on Nigerian users on binance is just to halt the p2p activities but every other thing is working fine. And as a long-term investor in bitcoin, you don’t need to panic because at least you won’t see the option of selling your coins but can only save and transfer between your CEX and DEX wallet for better security.

[I_Anime]

You just have to tell yourself that this bullrun is not for me, provided you haven't finished your accumulation stage. You are looking at a long term plan here, and this is not going to be the last bullrun we will every see. Remove your thoughts from the market, your only focus should be your buying.

yeah agree with you. Looking at the price now can be tempting to those , that haven't accumulated enough of quantity of bitcoin or should I say that haven't meet their accumulation goal like myself. While those that are in for short-term investments to gain quick profit am not pretty sure if buying now might be good for you so that you won't endup buying the top or gamble with your funds, while those that are for long holding can still keep on their DCAing without any panic even though there's dip. According to the subject of the thread we buy the DIP and HODL. And we here to guide each other in our journey of accumulating bitcoin.

So if your accumulation journey is 10 years time, remove your thoughts from any hype in the bitcoin market presently. It is evident enough that each bitcoin season is always better than the previous one, so what is ahead for bitcoin is bigger than what we are seeing today. This should be your conviction to continue your accumulation journey and never be distracted.

really like your drive but hope you putting such in your accumulation, (though seems like someone that won't let any opportunity pass em by which epic.) Concerning that 10 yrs, don't really have to be 10 yrs before one can start scraping some profit from his investment having the mindset to replace it back depending, but if one was able to hit his target around 5yrs he or she can decide to scrape some profit from their investment. Depending on how aggressive he or she was with his investment in bitcoin.

[JayJuanGee]

So then if you project your income versus expenses out into the future, you would likely realize that there may well be some potential short-falls and/or uncertainties, so in that regard you have to figure out ways to have cushions in your finances such as emergency funds, reserve funds and floats to make sure that you don't run out of money or need to sell any of your investment (into BTC) at a time that is other than your own complete choosing

This is where most people has failed in their bitcoin investment. Due to greed (norms we humans are emotional beings) but still we should learn how to manage those emotions so that it won't overwhelm us . Most people go all in without no proper planning thinking of even having a good emergency funds to cover some future expenses , inorder to have huge ROI. Which would increase the chances of them running to their investment at the end for survival. Is good to in huge amount of money in bitcoin and also back it up with some nice DCA inorder for you to meet your accumulation goal pretty fast, knowing that you financially capable. But if you know you are managing with your funds same time investing, there's no need for you going all in at ones, there's a reason why DCA strategies is there for you, it would help to accumulate large quantity of bitcoin in a long run and also give you the chances to buy at any price movements reducing the risk .

You may be saying something similar as me, and largely if a person has a handle on what is his discretionary/disposable income, then there should be no reason to spend beyond that and use money that is actually needed for expenses and/or desires.  

So it might be tough to be aggressive (and even extremely aggressive) without ending up using money that you actually need which is another way of describing gambling because if you need the money - even if it is further down the road, and you don't have a replacement for it, then you are likely gambling rather than investing and you are less able to withstand the volatility, especially when the volatility might run considerably against you.

Another thing.  I am not even against someone maxing out their discretionary income for investing into bitcoin as long that they have emergency funds, reserves and a float, but surely there could be times when people might not recognize the difference between money they have and money that might be part of a float that it actually going to end up being needed for an expenses that is not quite known, so then when the expense comes in, then it is higher than expected, even though it should have had been expected, but if a guy has several back up sources of funds, he can make up for some of the mistakes that he might make in terms of becoming overly aggressive, but sometimes several things will happen at once, and so in that regard, many times it would be safer to maintain a bit larger of emergency funds, reserves and float in order to be able to adapt to such mistakes without losing your investment.  

Another thing could be that a person has a friend who he knows will give him work if he needs the work, but he does not want to do that work; however, if he has some mistakes that he makes, then the extra  work could be part of his emergency fund.. even though it might only be a part of it, and not serving as his whole emergency fund/backup plan.

But sometimes if guys over do it, and then they get themselves into a pickle and they might not have a choice - because they failed to adequately plan - which planning does not even need to take place in advance, but can happen along side of investing into bitcoin, as long as matters are being accounted, and preparations for prices to go in any direction as well as various aspects of cashflow to potentially have variabilities that are not always known in advance.

but some people might take many months of their savings and even years before they get up to $500 to $1k worth of BTC built up, and I suppose some exchanges are more risky than others, too...so we are not always going to know how much balance to keep on exchanges prior to withdrawing to private wallet, but it makes little sense to me to have a bunch of $10 to $100 transactions that might have their periods of difficulty to have those kinds of relatively small UTXOs

you're right and it won't be safe holding your asset for long in an cex account, Ruttoshi if kucoin is actually 10% of the amount of coin you want to transfer is taken as fee. I think such exchange would be good for those that are new in bitcoin accumulation with the use of DCA . If a user whose DCA amount is as low as $10 , want to transfer their bitcoin that they purchased from their cex account to their private account the fee would be 10% of $10 right. And 10% of $10 would be 1. Which means they would pay fee of $1 to transfer $10 and they would end up with $9 in their portfolio if am not mistaken. So such fee won't put that much impact in affecting their DCAing which would lead to them not holding their asset in cex account For that long..🤷

We do not just consider our transaction fees at this time, but we try to prepare ourselves for the future, and that is part of the reason that I suggest larger UTXOs.. but you can do whatever you like.. if you have a bunch of $10 to $100 UTXOs, you may well end up regretting that in the future if you are not able to consolidate them for a reasonable fee or if they end up getting stuck because they are not economical to spend.. so sometimes there can be reasons to allow the CEX funds to build to a larger size, and if you choose to have lower sized UTXOs you also should consider that there is a certain amount of preventable risk (and cost) in that too... and some times we might be forced to do some things that we don't like also, so that is understandable, and one of the dilemmas in terms of dealing with smaller transaction sizes in bitcoin.

really like your drive but hope you putting such in your accumulation, (though seems like someone that won't let any opportunity pass em by which epic.) Concerning that 10 yrs, don't really have to be 10 yrs before one can start scraping some profit from his investment having the mindset to replace it back depending, but if one was able to hit his target around 5yrs he or she can decide to scrape some profit from their investment. Depending on how aggressive he or she was with his investment in bitcoin.

You surely would have to reassess from time to time.

So if you plan to invest for at least 10 years in bitcoin and then you consider that you might be able to invest 1-2 years salary into bitcoin during the next 10 years, but you are also expecting some possible bitcoin price appreciation, so you might have some ball park ideas about where you expect to go, and then when you get further down the line, you can try to reassess if you are where you expected to be, and maybe even some of your goals might end up changing, or you have some other factors that you need to take into account. 

So even though you are probably looking at your investment as it goes and maybe you are doing deeper analysis once or twice a year, and then maybe you are expecting that you have to get over certain boundaries before you might convert away from accumulation and in to maintenance, or maybe you will start to rake some of you profits at some point based on your reassessments and your projection of how it might play out.

[Ricardo11]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

[Pi-network314159]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Bitcoin will definitely break it's previous ATH and set a new ATH. I didn't even expect this kind of rapid growth so soon despite I know it will grow so high. This is one of the reason for this thread, To always invest and HODL onto Bitcoin, I know those that didn't call it anything will be feeling the heat of regret because they had the opportunity to buy and HODl when it was when it was dip. Not necessarily mean that dip implies they must buy on dip but just taking an advantage of buying when the price was lesser in value compared to current value now. Because you wouldn't compear someone that baught through DCA or DIP and HODL at the early part of this year or late part of last year to people who started investing some week ago, surely previous investors will be more advantageous over the new investors. So btc is on fire now and everyone wants to have a taste of the cake not knowing that having a taste of btc cake is mow when it so only going up but investing on regular is the key by DCA. As btc price is increasing, let keep HODling.

[Justbillywitt]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Funny enough the halving hasn't happened yet we are seeing what bitcoin is doing. This is just a tip in the iceberg. As liquidity keeps flowing in to the market we will see bitcoin performing wonders. This is really the time that holders faith are tempted, especially those that has plans for holding longer. They will see little profit and will be tempted to cash in, but let's keep faith. Also we should get careful with our bitcoin storage, because this time around that there is enough hype in bitcoin, there will be so many scammers out there looking for the slightest mistake to strike. Let's not connect our wallets to any website that promise anything free bitcoin.

[Tmoonz]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Bitcoin will definitely break it's previous ATH and set a new ATH. I didn't even expect this kind of rapid growth so soon despite I know it will grow so high. This is one of the reason for this thread, To always invest and HODL onto Bitcoin, I know those that didn't call it anything will be feeling the heat of regret because they had the opportunity to buy and HODl when it was when it was dip. Not necessarily mean that dip implies they must buy on dip but just taking an advantage of buying when the price was lesser in value compared to current value now. Because you wouldn't compear someone that baught through DCA or DIP and HODL at the early part of this year or late part of last year to people who started investing some week ago, surely previous investors will be more advantageous over the new investors. So btc is on fire now and everyone wants to have a taste of the cake not knowing that having a taste of btc cake is mow when it so only going up but investing on regular is the key by DCA. As btc price is increasing, let keep HODling.

Considering the fact that there is no best time of entering the market in as much as it is also great buying when the price was lower, the price we are seeing today can be seen as a dip tomorrow,  it is still very much ok entering the market now if the plan is to hodl and making use of dca and buy at different price point, and also by firstly taken care of your personal needs and Identifying the level of how much discretional/ disposable income to build up your emergency, reserve and float funds. However those that accumulated enough earlier will become more profitable than those investing now

[Kliss]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

[ultrloa]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Bitcoin will definitely break it's previous ATH and set a new ATH. I didn't even expect this kind of rapid growth so soon despite I know it will grow so high. This is one of the reason for this thread, To always invest and HODL onto Bitcoin, I know those that didn't call it anything will be feeling the heat of regret because they had the opportunity to buy and HODl when it was when it was dip. Not necessarily mean that dip implies they must buy on dip but just taking an advantage of buying when the price was lesser in value compared to current value now. Because you wouldn't compear someone that baught through DCA or DIP and HODL at the early part of this year or late part of last year to people who started investing some week ago, surely previous investors will be more advantageous over the new investors. So btc is on fire now and everyone wants to have a taste of the cake not knowing that having a taste of btc cake is mow when it so only going up but investing on regular is the key by DCA. As btc price is increasing, let keep HODling.

Considering the fact that there is no best time of entering the market in as much as it is also great buying when the price was lower, the price we are seeing today can be seen as a dip tomorrow,  it is still very much ok entering the market now if the plan is to hodl, by firstly taken care of your personal needs and Identifying the level of how much discretional/ disposable income to build up your emergency, reserve and float funds. However those that accumulated enough earlier will become more profitable than those investing now

We are not done yet if they think about they are late. They can accumulate at what situation they like and they should forget about the late word since there's still huge chance that we could able to see a lot more of price pump. We can see that we are now at $62k+ as of this writing and halving will happen soon and the counter say there's 47  days left so provably expect to see a lot more of it especially that many people are not done since majority think we can hit 6 digits for this year. If they really want to enter they make sure that they are well prepared and know how to deal with certain happenings that might occur so for them to succeed on their plans to get a good result on their investment.

[I_Anime]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Funny enough the halving hasn't happened yet we are seeing what bitcoin is doing. This is just a tip in the iceberg. As liquidity keeps flowing in to the market we will see bitcoin performing wonders. This is really the time that holders faith are tempted, especially those that has plans for holding longer. They will see little profit and will be tempted to cash in, but let's keep faith. Also we should get careful with our bitcoin storage, because this time around that there is enough hype in bitcoin, there will be so many scammers out there looking for the slightest mistake to strike. Let's not connect our wallets to any website that promise anything free bitcoin.

the rate bitcoin is moving is really amazing, same time tempting holders faith. That why we that haven't gotten good accumulation of bitcoin yet should not focus on the profit we have made recently from our holding due to the recent bullish momentum of bitcoin. But to focus on the future profit we gonna made from our holding and accumulating ( going to be massive), recently when I take a peep on my portfolio (like I said back then not the type that check his portfolio on a regular but ones in a while) I was kinda proud of myself seeing ma portfolio growing due to my accumulation using DCAing and the recent bitcoin upward movement. Seeing that encourage and inspire me to keep accumulating and holdl.

Let's not connect our wallets to any website that promise anything free Bitcoin.

you are right, we all know that securing your bitcoin is one of the important things we should consider before starting the accumulating of bitcoin and holding . That why is always advisable to use a private (non custodial) wallet for storing your bitcoin, than using a cex account to store or hold your bitcoin (because it can be easy target for hackers) and we all know this saying "not your key not your coin" . Still when using a private wallet, one still need to be cautious , because keeping your bitcoin in a private wallet don't me don't me your coin is fully secure, that why you have to avoid connecting your wallet to a website promising to offer bitcoin. Because their main motive is to make your coin in your portfolio disappear. Let's learn from others than letting experience to teach us the hard way .

[arwin100]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

We are already close to that in USD price since there are few bucks left before this scenario where bitcoin reached its ATH. But for other currencies it already broke at and many people in some parts of the world are celebrating for what bitcoin achieve.

This written by blockworks is really intriguing https://blockworks.co/news/bitcoin-ath-vs-other-currencies and we can see how good the current situation of bitcoin where it can able to pump for more. Those people who buy at cheaper price are so happy now seeing how things going on bitcoin and for sure they already earn a lot on current price shown by bitcoin.

This indicate that long term HODL is really good since if we bought ours earlier at much cheaper price then we can experience the same thing just like what other investors before who believe on strength of bitcoin.

[FinePoine0]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

@Kliss My point is how much you have invested in Bitcoin yourself, because you cannot advise others to invest without investing yourself. Here we will invest in Bitcoin for long term holding following DCA method. Because whenever we discuss the price in Bitcoin, the greed for a share of the benefits of our investment can wake up inside me, so many people sell Bitcoin out of greed. So we will never discuss Bitcoin price here, we will discuss how to hold Bitcoin for long term and invest regularly.

Because I have invested about 11 months running, I will keep it for a long time so I will never worry about the benefits. I am interested in how do I deposit bitcoins.

[Davian144]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Achieving a new ATH is very possible for Bitcoin this month because the highest price today is quite close to $70K so the potential for Bitcoin to reach this price range is very possible as long as there is no correction whatsoever in this bullish market trend. We can see that there are many people who are quite happy and are also waiting for this to come to Bitcoin because those who previously had no doubts when buying Bitcoin must have felt the benefits now because Bitcoin is still increasing non-stop now.

I am quite sure that this will break through this month because I see that there is still quite a lot of buying demand in almost all crypto markets. So there is no such thing as impossible for a new ATH on Bitcoin which could possibly occur before the halving this year, because the effects of this are also quite clear and very real.

[danadc]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

@Kliss My point is how much you have invested in Bitcoin yourself, because you cannot advise others to invest without investing yourself. Here we will invest in Bitcoin for long term holding following DCA method. Because whenever we discuss the price in Bitcoin, the greed for a share of the benefits of our investment can wake up inside me, so many people sell Bitcoin out of greed. So we will never discuss Bitcoin price here, we will discuss how to hold Bitcoin for long term and invest regularly.

Because I have invested about 11 months running, I will keep it for a long time so I will never worry about the benefits. I am interested in how do I deposit bitcoins.

The important thing about this is the moment we are at now, we have not reached the point of the last ATH, but we are ahead of them, and it is possible that we will get there, this month or the next, but we cannot lose the huge amount, while we can buy bitcoin, if it is in our hands, we have to do it, there is no doubt, we are people who will always do things differently if we set our minds to it.

Bitcoin is an opportunity, people see it as something that is very difficult, but we have to see it for what it really represents, opportunity, there is no other way to see it if we have not matured with that concept, we are going to invest with fear, If we mature that concept, we are going to invest in bitcoin happy, happy, because we know that it is going to take a steady shot towards the top, that is the true conviction, if we have that well defined there is no problem , but how to do it so that they open their minds to others? With your own experience, it is the only way.

[Moreno233]

Currently the price of Bitcoin is $68,478, and only 1.5k is needed, so Bitcoin has broken its previous ATH. Last night I saw bitcoin worth 66k, and woke up this morning to find bitcoin worth over 68k. This Bitcoin bull market is very strong. Bitcoin price is increasing at its highest speed in this bull market. If this continues I think Bitcoin will break the ATH in a while.

Achieving a new ATH is very possible for Bitcoin this month because the highest price today is quite close to $70K so the potential for Bitcoin to reach this price range is very possible as long as there is no correction whatsoever in this bullish market trend. We can see that there are many people who are quite happy and are also waiting for this to come to Bitcoin because those who previously had no doubts when buying Bitcoin must have felt the benefits now because Bitcoin is still increasing non-stop now.

It already happened when you were not looking. Now it is making minor corrections before it decides on what to do next. Both those who have been applying the DCA method for some years now and those who bought the dips can all look at their portfolios with smile and a sense of fulfilment for taking the decision to invest in Bitcoin while the critics and those who doubted Bitcoin are feeling regrets now. Well, since we are discussing long term holding here, it does not matter if price has made new all time high or not.

We should be careful not to fall into the temptation of thinking that price has peaked therefore now is the time to sell and not buy. I have seen some posts in that direction so we must be careful not to fall into that trap. We should not forget that we are holding for the long term because that is where most of the benefits are. If price can achieve all time high before the halving, then we will be talking something bigger after halving.

[JayJuanGee]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

@Kliss My point is how much you have invested in Bitcoin yourself, because you cannot advise others to invest without investing yourself. Here we will invest in Bitcoin for long term holding following DCA method. Because whenever we discuss the price in Bitcoin, the greed for a share of the benefits of our investment can wake up inside me, so many people sell Bitcoin out of greed. So we will never discuss Bitcoin price here, we will discuss how to hold Bitcoin for long term and invest regularly.

Because I have invested about 11 months running, I will keep it for a long time so I will never worry about the benefits. I am interested in how do I deposit bitcoins.

The important thing about this is the moment we are at now, we have not reached the point of the last ATH,

I don't know why guys here keep repeating non-sense and factually inaccurate information.

The previous ATH from 2021 was $69k (and yeah there may have been some variance from exchange to exchange, but many of the forum regulars use Bitstamp as the standard, and that $69k high was from Bitstamp), and so about 3 hours ago, the BTC price breached the 2021 ATH, and went up to $69,210.. and then corrected after that.  So our new ATH on Bitstamp is $69,210.

Here is a screenshot from about 3.5 hours ago.

but we are ahead of them,

Ahead of who?  Of course, any of us who have been in bitcoin for a while have been accumulating, so we are ahead of the current entrants, but we still need to know our comparison point and/or why we would be comparing ourselves to anyone other than ourselves.  Sure we might have some real world rivals, but I would think that the main comparison point would be to compare alternative versions of yourself in order to try to make a situation that ends up being best for you (if not best, at least reasonably trying to improve your own situation).

and it is possible that we will get there, this month or the next, but we cannot lose the huge amount, while we can buy bitcoin, if it is in our hands, we have to do it, there is no doubt, we are people who will always do things differently if we set our minds to it.

Ok.   If you are saying to buy the dip, that may or may not be necessary if someone has been buying all along.. or maybe someone DCA's weekly and so there could be a question when the DCA might come due.. which day of the week or if there might be some other time period that someone might use if they were DCA'ing.

Bitcoin is an opportunity, people see it as something that is very difficult, but we have to see it for what it really represents, opportunity, there is no other way to see it if we have not matured with that concept, we are going to invest with fear, If we mature that concept, we are going to invest in bitcoin happy, happy, because we know that it is going to take a steady shot towards the top, that is the true conviction, if we have that well defined there is no problem

This part sounds correct   -in regards to maybe having a plan and continuing to accumulate BTC to have more options, but still people can be at differing stages of their BTC accumulation journey.

, but how to do it so that they open their minds to others? With your own experience, it is the only way.

I probably agree with this part too, since it is likely that more people will learn about bitcoin and get involved in bitcoin because they know other people who are involved in bitcoin.  So in that sense, sharing information about is caring and/or potentially helpful to open them up to bitcoin if they had not previously gotten involved in bitcoin.

[bhadz]

We should be careful not to fall into the temptation of thinking that price has peaked therefore now is the time to sell and not buy. I have seen some posts in that direction so we must be careful not to fall into that trap. We should not forget that we are holding for the long term because that is where most of the benefits are. If price can achieve all time high before the halving, then we will be talking something bigger after halving.

I agree. People will have to compare now this cycle that we're just starting out and we're not yet in the halving. They think that the peak is in because it has hit the former ATH. It's not yet the peak and look it was followed by a quick correction. This moment has given everyone the discount again and another time to buy so, if many have missed the time of buying when it hits before the ATH, this is the time that you're all waiting for. Because you'll never know and you may not see it anymore when the price starts to hit back at the top and this is going to be a long road again until next year. You buy the dip, HODL and be patient. Actually, there's no point of selling because it's still 1 btc = 1 btc when you don't need that money because Bitcoin is our money. 

[Barikui1]

We should be careful not to fall into the temptation of thinking that price has peaked therefore now is the time to sell and not buy. I have seen some posts in that direction so we must be careful not to fall into that trap. We should not forget that we are holding for the long term because that is where most of the benefits are. If price can achieve all time high before the halving, then we will be talking something bigger after halving.

I agree. People will have to compare now this cycle that we're just starting out and we're not yet in the halving. They think that the peak is in because it has hit the former ATH. It's not yet the peak and look it was followed by a quick correction. This moment has given everyone the discount again and another time to buy so, if many have missed the time of buying when it hits before the ATH, this is the time that you're all waiting for. Because you'll never know and you may not see it anymore when the price starts to hit back at the top and this is going to be a long road again until next year. You buy the dip, HODL and be patient. Actually, there's no point of selling because it's still 1 btc = 1 btc when you don't need that money because Bitcoin is our money. 

You are actually right bro, though their is a correction going on in the price chart of Bitcoin right now,  so i think it's unwise for most investor to wait further for the price to deep more, before they buy, Because that opportunity they are waiting for may not come, and they will miss the opportunity, so as a Bitcoin investor, they should be looking at it long term, so it's even ok if they buy at this current all time high because Bitcoin have the potential of going up to 150k in the nearest future, so buying at 69k is a bargain too me if you are a long term thinker

[Justbillywitt]

The Rapid growth of bitcoin is exciting for investors. Bitcoin will definitely break it previous ATH the certainty is very clear. That's why is encouraging and advisable for those with investment in bitcoin to keep HODling their bitcoin no need to rush and sell, the growth peak will continue and not yet halving which will impact and drive up bitcoin value. Surely those that invested early stand the chance to gain more than new investors as long as they keep HODling. Bitcoin surge is inevitable what we are seeing is just a tip of an iceberg.

@Kliss My point is how much you have invested in Bitcoin yourself, because you cannot advise others to invest without investing yourself.

It's not really advisable for him to publicly tell us how much he has invested in bitcoin, I don't think it's really wise, ranging from different kinds of reasons, but the most important is security reason. I will even advise you not to go about telling people how much you have invested in bitcoin, as you can't possibly tell who might be jealous of you and will be planning to attack you. It's not wrong for someone to advise people to invest in bitcoin, provided he is not forcing them to invest. Moreover someone can pick the  advice and make good use of it by investing in bitcoin and  benefit from it.