Buy the DIP, and HODL!

[I_Anime]

Thanks for the calrity sir JJG looking forward to continue learning more from you and other users in this forum, and you are actually right that each person need to try to consider for himself, well as for me I don't think I would consider diversifying yet. I got some point I need to hit in my bitcoin accumulation before thinking of diversifying and same time accumulating bitcoin.

It sounds as if you have stopped accumulating bitcoin FinePoine0.  So does that mean that you have enough bitcoin?

You are not free from the trading mentality if you believe that buying and just sitting on it is going to be enough, and it sounds like you are just considering the point in which you are going to sell.. which also is not a long term commitment...

So yeah if you stopped buying, then you have already likely been losing opportunities because maybe you are either presuming the price is going to come down or you are planning to sell when the BTC price goes up, and then where is that going to put you?  Are you going to be better off in the long term or just some short term pleasure that you were able to get from "buying low and selling high?" which is also known as trading.

@finepoine0 the way you sounded is like you have stop accumulating, yeah is true that due to the recent movement those that are being holding are in profit also with those of us that started months ago. That shouldn't stop us from accumulating more quantity of bitcoin in our portfolio. Because I know you guys are aware that we are in profit due to the increase in value bitcoin undergo recently so our bitcoin quantities we have accumulated is still the same, but as increase in value as well, as bitcoin increase in value. So we should still try to continue our DCAing to help us increase our bitcoin in our portfolio , because due to the time you started your accumulation, I'm not sure if you have been able to accumulate enough in your portfolio with such short period.

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[Dailyscript]

What is expected of us as bitcoin holders is to keep hodling our bitcoin in our portfolio and never to sell until bitcoin reaches our speculated price before we can be able to sell some part of our bitcoin holdings.

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.

those who like to move to altcoins when they make a profit from selling bitcoin are not worthy of being called a holder, they only make profits from using bitcoin as a means, some whales actually use this method to pump several altcoins in a structured manner

Yeah, your right. I think the main reason they are fucking buying those shitcoins is because they want to diversify there portfolio. But i dont know what sort of idea is that an investor would have to take profits from his bitcoin investment, thereby tempering his investment at this early stage The best way to keep gains and increase profits is by buying back into bitcoin. Although not everyone understands how to approach cryptocurrency during this period,.

A good and proven strategy i when you make profits and choose to take them, whether in bitcoin or not, and invest them in bitcoin through DCA. This is the best practice to keep your money safe and growing. With time, you will make life-changing profits that will change your financial life completely.

[bitzizzix]

I don't think this is the best time to use this term BUY THE DIP AND HODL!. This is because we are not in the dip, and we are in the bull market, because bitcoin has passed the previous ATH. What should be said now is DCA AND HODL!, because at the current bitcoin price, it is only DCA that is the best strategy in which some accumulating bitcoin can use to increase his bitcoin portfolio due to the high price of bitcoin.

I would not even lump sum if I have the money to do that, because bitcoin price go into correction, so DCA regularly either weekly or monthly and hodli for a very long time, and when the bear market appears again, you can buy dip and hodli. However, this is my personal thoughts that I am sharing, and we all have the right to do whatever we think is best for us, but you will be responsible for your own actions.

I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.

Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.

Indeed, everyone has their own concept or strategy, and for me, as long as it is aimed at the long term then it is the right choice for Bitcoin.
And I treat Bitcoin like a beautiful tree or flower, I mean. DCA is the same as when we care for trees or flowers that have value and also treat them with great affection, and we will also care for them well. And the most important thing is to provide fertilizer regularly so that the tree or flower continues to grow tall and strong, and produces more beautiful flowers and will make the tree or fruit have a higher value if we sell it.
And even if the tree or flowers are expensive. I will continue to care for it and apply fertilizer so that it grows taller and produces more flowers, until the tree and its flowers grow old and I will cut it down to harvest and make a lot of money.
So I assess the concept of Bitcoin logic as such, and it's just something that I think is easy to understand and makes sense. And I told the concept of DCA on Bitcoin to some friends, family members like that and it was very simple and also got them interested because it made sense.
So keep buying Bitcoin regularly a week, two weeks or a month and this is the same as continuing to provide fertilizer regularly so that the tree or flower becomes tall and produces lots of flowers. And when the price of Bitcoin is high, or the tree already has a high price value, then we have to keep holding or caring for it. The goal is for Bitcoin or the tree to reach a very high price or the tree to become very old and produce lots of flowers to sell or harvest and make a lot of money. This is caused by the patience and strength to resist temptation even though Bitcoin or the tree has produced large profits or value because they still feel unsatisfied, and continue to hold it and provide fertilizer regularly so that the Bitcoin or tree becomes higher in price, and will sell it when we already feel satisfied and fit and make a lot of money.

I hope you understand what I mean, because it's easier to say it directly than to write it down like I did to them and they really understand it.

[Tmoonz]

It is not mandatory to have an income that exceeds our needs before we can start our bitcoin investment. Since bitcoin is a long-term investment, we need a good source of income. We will be using 10% of our salary to accumulate bitcoin every week or month, depending on when we receive our salary. We can also keep 20% of our salary as a reserve fund to be used to settle any unforeseen problems that may arise unexpectedly, so that we will not depend on our bitcoin investment to settle them.

Contrarily, is best you have either income or side amount of savings  or other investment that is greater than your expenses in other to be able to invest, if such plans has not been made and there is no access to that  then you are more gambling  rather than investing because there is no certainty of you keeping up with your investment.

That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.

I will always considere@jjg's advice that if diversification should be considered it should be that you are far gone in your accumulation process and when considering diversification it is best you spread out on different asset classes that are not related, such as selling commodities, lands, golds based on your financial ability, fuck altcoins, fuck shit coins, I wonder why you could talk about it like you can  even boost of any, mean while their performance solely depends on Bitcoin, it is never a good advice to involve in Altcoins or shit coins or whatever you may call it. if you are involved in such is best you keep it to yourself or there are better board or thread to discuss about that, the emotional devastation I saw those in it going through is not something I will advice anyone to get involve with,  but with Bitcoin and your right investment strategies you have the peace of mind needed to grow your asset.

  So the longer term the investment is the more benefit will be earned.

I would rather say the more Bitcoin you have and the longer term your investment is the more benefits will be earned.

[FinePoine0]

It sounds as if you have stopped accumulating bitcoin FinePoine0.  So does that mean that you have enough bitcoin?

You are not free from the trading mentality if you believe that buying and just sitting on it is going to be enough, and it sounds like you are just considering the point in which you are going to sell.. which also is not a long term commitment...

So yeah if you stopped buying, then you have already likely been losing opportunities because maybe you are either presuming the price is going to come down or you are planning to sell when the BTC price goes up, and then where is that going to put you?  Are you going to be better off in the long term or just some short term pleasure that you were able to get from "buying low and selling high?" which is also known as trading.

@finepoine0 the way you sounded is like you have stop accumulating, yeah is true that due to the recent movement those that are being holding are in profit also with those of us that started months ago. That shouldn't stop us from accumulating more quantity of bitcoin in our portfolio. Because I know you guys are aware that we are in profit due to the increase in value bitcoin undergo recently so our bitcoin quantities we have accumulated is still the same, but as increase in value as well, as bitcoin increase in value. So we should still try to continue our DCAing to help us increase our bitcoin in our portfolio , because due to the time you started your accumulation, I'm not sure if you have been able to accumulate enough in your portfolio with such short period.

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts.  Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

[Justbillywitt]

I don't think this is the best time to use this term BUY THE DIP AND HODL!. This is because we are not in the dip, and we are in the bull market, because bitcoin has passed the previous ATH. What should be said now is DCA AND HODL!, because at the current bitcoin price, it is only DCA that is the best strategy in which some accumulating bitcoin can use to increase his bitcoin portfolio due to the high price of bitcoin.

I would not even lump sum if I have the money to do that, because bitcoin price go into correction, so DCA regularly either weekly or monthly and hodli for a very long time, and when the bear market appears again, you can buy dip and hodli. However, this is my personal thoughts that I am sharing, and we all have the right to do whatever we think is best for us, but you will be responsible for your own actions.

I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.

Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.

For me if you have your weekly allocation that you use to buy your bitcoin I don't think the bullish market condition will disturb or stop you from buying your bitcoin. That's why the DCA method talks about investing a fixed amount of money on a regular basis as you deem fit and not about buying a fixed amount of bitcoin on a regular basis. If we were to buy a fixed amount of bitcoin weekly only then will the bullish market affect our buy, because the price we bought last week might have changed to a higher price and this will impact on our budget. But since it's about investing a fixed amount of money weekly or as it's convenient to the investor we can always invest. If we say let's wait for market to come down, we don't know how long we are going to wait, and in the course of waiting we will have divided attention and other things which will take the money will come up.

[laijsica]

I don't think this is the best time to use this term BUY THE DIP AND HODL!. This is because we are not in the dip, and we are in the bull market, because bitcoin has passed the previous ATH. What should be said now is DCA AND HODL!, because at the current bitcoin price, it is only DCA that is the best strategy in which some accumulating bitcoin can use to increase his bitcoin portfolio due to the high price of bitcoin.

I would not even lump sum if I have the money to do that, because bitcoin price go into correction, so DCA regularly either weekly or monthly and hodli for a very long time, and when the bear market appears again, you can buy dip and hodli. However, this is my personal thoughts that I am sharing, and we all have the right to do whatever we think is best for us, but you will be responsible for your own actions.

If you are brand new to bitcoin, you should consider all three options of accumulation: Lump sum , DCA and buy the dip.

Accumulation of 3 option for a brand new to bitcoin much better if you done right way and the good decision. I think DCA method is the best for new because may not be able to afford lump sum, on the other hand buying a dip also carries the same meaning.

If you are investing for several years, you might not want to consider some of the options, but even if you have been buying for 1-2 years, and if you all of a sudden have extra money. .Let's say you get a $3k pay out for something. .then all of a sudden you have $3k.  So how are you going to treat that extra money? 

People's fascination with money is natural if you have a house you will want to build another house, and if you have 100k dollar you will chase after more100k, it is natural. As I am getting $3k pay out I would like to increase it further $6k or more.In this case, we should select previous cash out Source and will invest more.

I would think that you would want to consider all three categories, even if you might choose not to employ all three categories.. but the default still might be to put 1/3 into each, but if you think that we are more inclined towards up, then you might want to put more into lump sum in order to better prepare for up, since we cannot know if there is going to be further down.. so maybe you end up deciding to put 60% or 70% into lump sum and then divide the remaining part into buying on dips and DCA.

I can't sit forever for deep buying..actually choosing the time of dip buying is a bit complicated process, in this situation I think it is better to choose DCA.

[Tmoonz]

What is expected of us as bitcoin holders is to keep hodling our bitcoin in our portfolio and never to sell until bitcoin reaches our speculated price before we can be able to sell some part of our bitcoin holdings.

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.

those who like to move to altcoins when they make a profit from selling bitcoin are not worthy of being called a holder, they only make profits from using bitcoin as a means, some whales actually use this method to pump several altcoins in a structured manner

~

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.

That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.

This is also a good way to get multiple profits in the future, with good accuracy and timeliness, this trick can definitely be carried out well and without making any losses

@Ludmilla_ rose1995 I don't buy the ideas of involving in Altcoins and your are totally wrong with your idealogy, firstly they don't have any future potential and it has no accuracy of which there is so much high risk level associated to it, very complex even to old and experienced ones and most times they have losses. Don't be deceived majority will only talk about it in terms of when they have make profit but will not talk about there losses that is one funny thing about it but however it is your choice if that is what  you want. Fuck altcoins, fuck shit coins.

[Ruttoshi]

 

~

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.

That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.

This is also a good way to get multiple profits in the future, with good accuracy and timeliness, this trick can definitely be carried out well and without making any losses

You make it look very easy, when it is not true. Diversifying into altcoins is the wrong decision any investor will make, and it will cost him great losses. There is no way that you can know the price movement of altcoins, talk more of knowing any trick in which you will use to make multiple profits from altcoins when they don't have future.

You sound more unreal in investing, and choose to prefer going into gambling, because in bitcoin investment there is no trick of making profit rather than regular DCA, amd hodli for a long period of time, which needs sacrifice, discipline and self determination to reach your bitcoin target. Investing is altcoins even if you think that you are smart, will lead to frustration and loss, but investing in bitcoin will lead you to success if done the right way. Bitcoin is the king, so dine and wine with the king by investing in bitcoin and hodli for long.

[Salahmu]

It is not mandatory to have an income that exceeds our needs before we can start our bitcoin investment. Since bitcoin is a long-term investment, we need a good source of income. We will be using 10% of our salary to accumulate bitcoin every week or month, depending on when we receive our salary. We can also keep 20% of our salary as a reserve fund to be used to settle any unforeseen problems that may arise unexpectedly, so that we will not depend on our bitcoin investment to settle them.

Contrarily, is best you have either income or side amount of savings  or other investment that is greater than your expenses in other to be able to invest, if such plans has not been made and there is no access to that  then you are more gambling  rather than investing because there is no certainty of you keeping up with your investment.

Before this time I was actually thinking that is a must that every investor most have a steady source of income before venturing into Bitcoin accumulation but I realized that even without having steady income you can still continue to invest on Bitcoin because I have seen someone who has no steady source were income is flowing but based on how his plan on investment on Bitcoin is, he has consistently accumulating Bitcoin till now without tempering his investment, so actually he explains how he has been able to continue or consistently investing on Bitcoin, so according to him he mentioned that truly he doesn't have a steady source of income but that he has other side hustling were they use to hire him sometimes so from there he was able to strategize himself to consistently investing on Bitcoin using the normal DCA , although he mentioned that do to how inconsistent the work is most time he doesn't meet up his weekly accumulation so most times he accumulate on monthly. So after his explanation I realized that with a proper planing anybody can invest on Bitcoin because if someone should wait until his portfolio is filled with money before they could start investing on Bitcoin, at the end they may likely not going to be partakers of Bitcoin.

[arjunmujay]

 

~

That right, We also have to think rationally when holding BTC coins and don't be quickly influenced by liking other coins when they go up, continue to exchange them for our BTC to hold the damn coin and that at any time can be a disaster for us because we don't know about its future even though it exists which says we will get double the profit when the market recovers.

That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.

This is also a good way to get multiple profits in the future, with good accuracy and timeliness, this trick can definitely be carried out well and without making any losses

You make it look very easy, when it is not true. Diversifying into altcoins is the wrong decision any investor will make, and it will cost him great losses. There is no way that you can know the price movement of altcoins, talk more of knowing any trick in which you will use to make multiple profits from altcoins when they don't have future.

You sound more unreal in investing, and choose to prefer going into gambling, because in bitcoin investment there is no trick of making profit rather than regular DCA, amd hodli for a long period of time, which needs sacrifice, discipline and self determination to reach your bitcoin target. Investing is altcoins even if you think that you are smart, will lead to frustration and loss, but investing in bitcoin will lead you to success if done the right way. Bitcoin is the king, so dine and wine with the king by investing in bitcoin and hodli for long.

It's true that the DCA method is very profitable so you can own bitcoin gradually. Even though the profits will not be too big compared to buying when the price is cheap, at least you can still make a profit if you hold Bitcoin for a very long period of time.

Regarding diversification into altcoins, for me it is only a money multiplier which will also return to bitcoin investment.

[I_Anime]

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts.  Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

well is okay,  everyone here have their goal and plans for their investment (bitcoin). Like me I have different goals (of quantity of bitcoin I want to accumulate) till I reach my main goal, inorder to keep up with my progress, well for example some one who have his accumulation goal to be one bitcoin. Expecially for those of us that just started their accumulation of bitcoin not quite long . And to buy one bitcoin recently is expensive for most of us, so inorder to meet such  goal the individual would  need to engage with different strategies in accumulating bitcoin like DCAing and the others,  such individual may have different goals before the main goal which is one bitcoin, so those goals can be 0.01 Btc, 0.05 Btc, 0.1 Btc, 0.5 Btc, then 1Btc (final goal ) respectively. Depending on the individual financial capability and the price of bitcoin. But same person can still continue with his accumulation either with DCA or buying the dip , once in while (not as frequent or aggressive like when one have a goal to hit) ,  So I guess that what you should be doing now .

It's true that the DCA method is very profitable so you can own bitcoin gradually. Even though the profits will not be too big compared to buying when the price is cheap, at least you can still make a profit if you hold Bitcoin for a very long period of time.

Regarding diversification into altcoins, for me it is only a money multiplier which will also return to bitcoin investment

yeah DCA truly a good strategy in accumulating bitcoin, but using altcoins as an multiplier, won't be nice move , because of the risks in it too much and one may get it self rekt through it.

[JayJuanGee]

It sounds as if you have stopped accumulating bitcoin FinePoine0.  So does that mean that you have enough bitcoin?

You are not free from the trading mentality if you believe that buying and just sitting on it is going to be enough, and it sounds like you are just considering the point in which you are going to sell.. which also is not a long term commitment...

So yeah if you stopped buying, then you have already likely been losing opportunities because maybe you are either presuming the price is going to come down or you are planning to sell when the BTC price goes up, and then where is that going to put you?  Are you going to be better off in the long term or just some short term pleasure that you were able to get from "buying low and selling high?" which is also known as trading.

@finepoine0 the way you sounded is like you have stop accumulating, yeah is true that due to the recent movement those that are being holding are in profit also with those of us that started months ago. That shouldn't stop us from accumulating more quantity of bitcoin in our portfolio. Because I know you guys are aware that we are in profit due to the increase in value bitcoin undergo recently so our bitcoin quantities we have accumulated is still the same, but as increase in value as well, as bitcoin increase in value. So we should still try to continue our DCAing to help us increase our bitcoin in our portfolio , because due to the time you started your accumulation, I'm not sure if you have been able to accumulate enough in your portfolio with such short period.

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts.  Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

You seem to be writing a bit in a form of a riddle, so it is not very easy to understand the answer to the clear question regarding whether you are still accumulating BTC. 

My overall sense is that you are, but you are not very clear about it since you continue to talk about your BTC accumulation as something that you did in the past and that you have enough.. except you are not selling blah blah blah..

In other words, you are about as clear as mud..

Which means you probably don't have enough BTC, you likely need to continue to accumulate and then maybe in 4-6 years, let us know where you are at then... but in the meantime, keep accumulating in accordance with your abilities, even if it might seem that every small extra bit of BTC (satoshis) that you buy is only making a small extra bit of difference, over the next 4-6 years or maybe even if your timeline is 10 years or more, then you may well be glad that you continued to accumulate bitcoin rather than stopping after only a short amount of time. 

It is hard to imagine any successful investor who ONLY invested for 13 months and ended up being successful from that.. that seems more  like a fantasy than a reality, even though maybe once in a while there might be those kinds of stories... they are not reflective of the real ways that real people actually end up putting themselves in better financial situations in the real world.

[edited out]

@Ludmilla_ rose1995 I don't buy the ideas of involving in Altcoins and your are totally wrong with your idealogy, firstly they don't have any future potential and it has no accuracy of which there is so much high risk level associated to it, very complex even to old and experienced ones and most times they have losses. Don't be deceived majority will only talk about it in terms of when they have make profit but will not talk about there losses that is one funny thing about it but however it is your choice if that is what  you want. Fuck altcoins, fuck shit coins.

Exactly.  Investing in shitcoins is stupid as fuck, especially when we have an opportunity in the best asset so far known to man, and available to everyone, and getting distracted into shitcoins amounts to retardedness or gullibility and/or distracted mindset...

So anyone who is not able to resist their temptations to gamble and want to invest into shitcoins should at least attempt to do  themselves a favor by limiting their investment into shitcoins to no more than 10% the size of their BTC investment, so at least, they would have put some kind of limit on the level of their dumbness and at the same time potentially satisfied their desires to explore with those gambling products that seems so irresistibly tempting (and that is how they are designed.. to lure in people who don't know any better - and even seemingly smart people get involved in them and involved in persuading you to either invest into their crap or to sell your BTC.. or fail to invest in BTC because you are distracted into seemingly shininess. .and when the shininess wears off, you see that you had been shining a turd).

It is not mandatory to have an income that exceeds our needs before we can start our bitcoin investment. Since bitcoin is a long-term investment, we need a good source of income. We will be using 10% of our salary to accumulate bitcoin every week or month, depending on when we receive our salary. We can also keep 20% of our salary as a reserve fund to be used to settle any unforeseen problems that may arise unexpectedly, so that we will not depend on our bitcoin investment to settle them.

Contrarily, is best you have either income or side amount of savings  or other investment that is greater than your expenses in other to be able to invest, if such plans has not been made and there is no access to that  then you are more gambling  rather than investing because there is no certainty of you keeping up with your investment.

Before this time I was actually thinking that is a must that every investor most have a steady source of income before venturing into Bitcoin accumulation but I realized that even without having steady income you can still continue to invest on Bitcoin because I have seen someone who has no steady source were income is flowing but based on how his plan on investment on Bitcoin is, he has consistently accumulating Bitcoin till now without tempering his investment, so actually he explains how he has been able to continue or consistently investing on Bitcoin, so according to him he mentioned that truly he doesn't have a steady source of income but that he has other side hustling were they use to hire him sometimes so from there he was able to strategize himself to consistently investing on Bitcoin using the normal DCA , although he mentioned that do to how inconsistent the work is most time he doesn't meet up his weekly accumulation so most times he accumulate on monthly. So after his explanation I realized that with a proper planing anybody can invest on Bitcoin because if someone should wait until his portfolio is filled with money before they could start investing on Bitcoin, at the end they may likely not going to be partakers of Bitcoin.

You do not need to have a steady income to invest in bitcoin, but you do need to have income that exceeds your expenses, and likely if you have a lot of dry spells in your income you either have to stop investing in bitcoin during the dry spells or you could invest with reserves..  .. so merely because someone might have been gambling and doing well with bitcoin investing, all of us should still be striving to exercise good practices so that we never have to sell any of our bitcoin at at time that is anything but our own choosing, and surely we are likely going to be advantaged to be able to hold and invest into bitcoin 4-10 years or more before we even start to consider any practices that involve selling our BTC rather than strictly accumulating. 

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts.  Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

well is okay,  everyone here have their goal and plans for their investment (bitcoin). Like me I have different goals (of quantity of bitcoin I want to accumulate) till I reach my main goal, inorder to keep up with my progress, well for example some one who have his accumulation goal to be one bitcoin. Expecially for those of us that just started their accumulation of bitcoin not quite long . And to buy one bitcoin recently is expensive for most of us, so inorder to meet such  goal the individual would  need to engage with different strategies in accumulating bitcoin like DCAing and the others,  such individual may have different goals before the main goal which is one bitcoin, so those goals can be 0.01 Btc, 0.05 Btc, 0.1 Btc, 0.5 Btc, then 1Btc (final goal ) respectively. Depending on the individual financial capability and the price of bitcoin. But same person can still continue with his accumulation either with DCA or buying the dip , once in while (not as frequent or aggressive like when one have a goal to hit) ,  So I guess that what you should be doing now .

I doubt that there is any need for a final goal, but sure I get your point that there are likely easier to reach goals and working up to a longer term goal that might seem difficult to achieve (or maybe even seem impossible to achieve)... .. and so yeah, it is good to keep the various goals in mind and also to readjust from time to time, too... since there could be several differences in your situation 4-6 years later versus when you first established the goals, besides the fact that maybe you had already reached several of the lower level BTC accumulation threshold points.

[Asiska02]

I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.

Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.

Waiting for the price to drop again at this market conditions is not a good sign and doesn't look like that person will make the better side of the good profit of this investment like other early holders would earn. DCA is a strategy that when understood and followed as required, the current price of market wont cause you a lot of concern or make you think twice before investing into bitcoin when you can afford to. The strategy have cut the barrier of having to buy your bitcoins at a very high price but when calculated, your average entry price will be lower than the highest amount you have ever bought bitcoin with. The market is bullish and there is uncertainty of the market to return back to a lower price that a lot would have want to enter the market with again, it is better to start accumulating within a timeframe and when the price drops, you can still get to accumulate more on an a lower price entry.

Yeah, your right. I think the main reason they are fucking buying those shitcoins is because they want to diversify there portfolio. But i dont know what sort of idea is that an investor would have to take profits from his bitcoin investment, thereby tempering his investment at this early stage The best way to keep gains and increase profits is by buying back into bitcoin. Although not everyone understands how to approach cryptocurrency during this period,.

A good and proven strategy i when you make profits and choose to take them, whether in bitcoin or not, and invest them in bitcoin through DCA. This is the best practice to keep your money safe and growing. With time, you will make life-changing profits that will change your financial life completely.

Taking out from your bitcoin investment and investing in altcoin as diversification of portfolio is the most biggest gamble an investor will do to their funds. Like who does that? Having a safer investment that a return on investment is certain is better than gambling and hoping on a hype or promise that is almost impossible to come around. An investor that have a target towards their bitcoin holding in their portfolio would want to concentrate more on achieving that target and then wait for their investment to hit that target rather than taking out of the unreached target and put into altcoins. Sticking to the strategy of DCA is worthwhile and will have you benefit from your investment at the required time if you trust and be patient with the process.

[Odohu]

those who like to move to altcoins when they make a profit from selling bitcoin are not worthy of being called a holder, they only make profits from using bitcoin as a means, some whales actually use this method to pump several altcoins in a structured manner

Yeah, your right. I think the main reason they are fucking buying those shitcoins is because they want to diversify there portfolio.

I don't think that is the reason they have, they are ignorant of what shitcoins can do to their finances. If you see the passion and optimism in them when analysing and investing in their chosen shitcoins, you will understand why I said they are ignorant and never learn from experience. Well, history have always repeated itself and that will not change now.

The present bull run have also created so much hype around some shitcoins. Many people are already throwing in good amounts of money into them and it is only a matter of time before we start knowing about the level of losses to scam people have incurred this period.

Investment in BItcoin is always safer and better anytime any day. Those going for shitcoins should be responsible for what happens to their money and should never use their experience to generalise and talk ill about Bitcoin.

[virasog]

I have accumulated bitcoins as per my ability and it is enough for me. It's a pittance to them but a mountain to me because I've accumulated bitcoins deposited using the DCA method. I deposited bitcoins every week during my 13 months, so you can imagine that I have enough bitcoins to deposit. So I put aside thinking about the benefits because my insider can work, and because of greed I sell bitcoins so I am deprived of such thoughts.  Because of which I don't worry about the profit of my portfolio. I learned that recovery is very easy when investing in Bitcoin.

Seeing the all time high is indeed a very good thing for those who have accumulated throughout the bear season. It does not matter at which price we bought bitcoin or done the DCA. Everyone who is holding at spot will be in profit and now it is a matter of time on how long people will hold. Some may be more greedy and may not sell easily while other may be fearful and think that the top is near and they should sell.
Remember, there is still a long time for the duration of bitcoin bull market and still this is the time for holding. 

[boyptc]

Seeing the all time high is indeed a very good thing for those who have accumulated throughout the bear season. It does not matter at which price we bought bitcoin or done the DCA. Everyone who is holding at spot will be in profit and now it is a matter of time on how long people will hold. Some may be more greedy and may not sell easily while other may be fearful and think that the top is near and they should sell.
Remember, there is still a long time for the duration of bitcoin bull market and still this is the time for holding. 

Greed will be there for most of the holders now.

Before, the majority have planned that they'd sell if Bitcoin hits $70k. Now that it is more than that, they'd for sure going to be more patient and will set another price before they sell.

This is what happens at most times when Bitcoin's price keeps on pumping. I'd say that just HODL.

[ultrloa]

I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.

Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.

Waiting for the price to drop again at this market conditions is not a good sign and doesn't look like that person will make the better side of the good profit of this investment like other early holders would earn. DCA is a strategy that when understood and followed as required, the current price of market wont cause you a lot of concern or make you think twice before investing into bitcoin when you can afford to. The strategy have cut the barrier of having to buy your bitcoins at a very high price but when calculated, your average entry price will be lower than the highest amount you have ever bought bitcoin with. The market is bullish and there is uncertainty of the market to return back to a lower price that a lot would have want to enter the market with again, it is better to start accumulating within a timeframe and when the price drops, you can still get to accumulate more on an a lower price entry.

The price continue to rise so I guess we can't see a dump for now since there are so many people are so hype with current situation that's why maybe its not good for now to wait for a dump or correction to come. But if they could able to wait well its there choice but in this current situation where market is so intense for its upward gains I guess maybe those who continue to doubt will regret their decision for not buying since for sure they continue to doubt once the dump they are waiting for will come since they get afraid again if the dump is continuous and they think about same line bearish trend coming. That's why knowledge is important and good trust on bitcoin so that there hodl plan will happen since if they are not really good or financially prepared well their doubts will continue and they can't execute well their set goals for bitcoin.

[I_Anime]

Seeing the all time high is indeed a very good thing for those who have accumulated throughout the bear season. It does not matter at which price we bought bitcoin or done the DCA. Everyone who is holding at spot will be in profit and now it is a matter of time on how long people will hold. Some may be more greedy and may not sell easily while other may be fearful and think that the top is near and they should sell.
Remember, there is still a long time for the duration of bitcoin bull market and still this is the time for holding. 

Greed will be there for most of the holders now.

Before, the majority have planned that they'd sell if Bitcoin hits $70k. Now that it is more than that, they'd for sure going to be more patient and will set another price before they sell.

This is what happens at most times when Bitcoin's price keeps on pumping. I'd say that just HODL.

those that sold around $50k thinking bitcoin would dumb, I wish I could see the look on their faces seeing bitcoin recent price , now they would be regretting their actions big time . And such moment, when FOMO would be at work. Causing a lot of people gambling with their funds expecially those investing in shit coins inorder to make huge profits, in a short period of time. While are gambling with funds for short-terms profits and same time applying the use of leverages , I would say get ready to get rekt ( lose all funds). Is better to keep hodl without panicky than selling your investment and start using the funds for gambling to make short-term profit. Those that are still holding are different from those that sold Theirs, is principles those are still holding have good principles towards their investment and also believe in bitcoin. While those that sold theirs too early like around $50k lack those principles. Well we just got to keep accumulating and hodl. Because this recent growth is just the beginning.

[JiiBs]

It is hard to imagine any successful investor who ONLY invested for 13 months and ended up being successful from that.. that seems more  like a fantasy than a reality, even though maybe once in a while there might be those kinds of stories... they are not reflective of the real ways that real people actually end up putting themselves in better financial situations in the real world.

Good point. Some persons go with investment with the idea of a retirement. Like, once you’ve attained certain achievements with your investment, you get the idea that it’s enough and you begin to reap the proceeds.
Well guess what, your investment could crumble, inflation could be the order of the day and some unexpected or unconsidered expenses could come and eat up all you’ve accumulated and estimated to last a lifetime in just a single month. That’s how risky the world we live in could affect us and our plans.
That’s why, it’s always best you don’t have a single stream of income and you keep investing the much you can as you go.

And to buy one bitcoin recently is expensive for most of us, so inorder to meet such  goal the individual would  need to engage with different strategies in accumulating bitcoin like DCAing and the others,  such individual may have different goals before the main goal which is one bitcoin, so those goals can be 0.01 Btc, 0.05 Btc, 0.1 Btc, 0.5 Btc, then 1Btc (final goal ) respectively. Depending on the individual financial capability and the price of bitcoin. But same person can still continue with his accumulation either with DCA or buying the dip , once in while (not as frequent or aggressive like when one have a goal to hit) ,  So I guess that what you should be doing now .

I doubt that there is any need for a final goal, but sure I get your point that there are likely easier to reach goals and working up to a longer term goal that might seem difficult to achieve (or maybe even seem impossible to achieve)... .. and so yeah, it is good to keep the various goals in mind and also to readjust from time to time, too... since there could be several differences in your situation 4-6 years later versus when you first established the goals, besides the fact that maybe you had already reached several of the lower level BTC accumulation threshold points.

Perhaps 1 Bitcoin might be a short term goal but never a long term goal or a final goal like it’s said in quote. Final goals always tends to be temporal because, these goals where formed or decided based on your current standing and resources of which, would tend small or just not enough as it is with human nature. As you tend to grow and achieve your aims in life, so do you aim higher. That’s how effective your growth could be on your goals. So, goals can’t be final!