Tmoonz
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March 19, 2024, 05:55:07 PM Last edit: March 19, 2024, 06:45:20 PM by Tmoonz |
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Look at the market today compared to where it was last week it is down $10k it presents a perfect opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom, be thankful of the discount which is presented now.
It just goes to show that the Bitcoin market always presents corrections and dips for everyone and anyone to divert more FIAT. DCA can be practiced anytime and can be doubled up when there is a dip.
Interestingly I have been told yesterday that the ETF's generally dont buy during a dip, they apply typical traditional market sentiment to the Bitcoin market and would see the current dip as a "Major Crash", Anyone else hear about that? I wonder do they fear that the market could fall even further?
I have not heard something like that, but I will do some research on it to know for myself. Anyone who has been around bitcoin will not be worried about the little dip in the price; he or she will use the opportunity to accumulate more bitcoin at a low price before it rises again. For those who have kept money to buy the bitcoin dip, this is an opportunity to do so. Now is basically a good time to invest because Bitcoin has turned from bullish to current lows. The Original Bitcoin Dip is currently ongoing, so it's a good opportunity for those who have saved up to buy the dip. Because investing in Bitcoin now will get you more Bitcoin, so invest DCA in Bitcoin regularly. I can say that every entry point depends on individual financial ability because this present price was also seen as being too high but now everyone is say is a good time to invest, the current price could actually be a great time but that doesn't make those that are going to buy above any much different, however it is not pretty much about when you buy but how persistence you are or you can be with your hodl, am saying this because sooner the present ATH of $73k will as well be seen as a dip when Bitcoin Will hit more than that, hence the real gist should be buying and not being much concerned about the price fluctuations if your intentions are actually to hodl for longer time.
While we alternates to diversify our investment to the altcoins,
Fuck shitcoins and talking about it in this thread in such a maner of diversification. It is best when considering diversification to spread out on different asset classes that has no relationship, you can consider selling commodities, lands real estate and gold according to your financial ability.
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Fara Chan
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March 19, 2024, 06:29:58 PM |
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I can say that every entry point depends on individual financial ability because this present price was also seen as being too high but now everyone is say is a good time to invest, the current price could actually be a great time but that doesn't make those that are going to buy above any much different, however it is not pretty much about when you buy but how persistence you are or you can be with your hodl, am saying this because sooner the present ATH of $73k will as well be seen as a dip when Bitcoin Will hit more than that, hence the real gist should be buying and not being much concerned about the price fluctuations if your intentions are actually to hodl for longer time.
ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year. After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand. Because this is also based on the level of people's trust in Bitcoin which is currently starting to increase sharply so this has been a quite good influence for Bitcoin because the number of crypto market users has also increased as well. So don't worry too much about price corrections or prices that are already high, because Bitcoin prices could be even higher than now.
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teamsherry
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Bitvest.io★ Play Plinko or Invest!
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March 19, 2024, 06:32:46 PM Merited by JayJuanGee (1) |
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-snip- The point is that DCA must not be applied by individuals with regular incomes, even those with incomes that are not regular can apply the DCA method.
That's right, I agree with that method. To start DCA it is not necessary to have a fixed income - if someone has an income only once in a while, if he is good at managing his finances, he can set aside a part of his income to be able to carry out DCA for some time. Even though this is quite difficult for some people, if the person is consistent and able to manage their finances well, it shouldn't be a problem for them. I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family. Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors. I think there is a mistake from odohu, maybe a typo error but I think he ought to say that it's not necessary to have a consistent income to use DCA which is very right as explained by himand the person that replied to that. Your right in a way too if you look at it from the perspective that the inconsistent income might not be enough to Carter for himself and families he has one and also his investment which needs some kind of extra preparation like keeping emergency funds and reserves. But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest (disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later. What you should rather do in situations like this is to find a way to get a much higher income to be able to invest and also take care of yourself. Now anyone can use DCA as long as he has disposable funds whether his income is inconsistent or consistent, if he has enough to build his emergency fund and also cater for needs he can DCA, ao the problem isn't how the income comes but how much enters and if has enough or disposable funds to allocate to bitcoin after knowing his expense, keeping floats and having a stable financial state.
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Obim34
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March 19, 2024, 06:58:19 PM |
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Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?
This is a very nice question that deserves a well defined answer, DIP season refers to a particular period in time when investors have to invest into something (For example, Bitcoin) as soon the price value decreases to a point beyond normal volatility. The price of Bitcoin can drop from $63k down to $61k and we do not call it DIP, instead we consider it as it's volatile nature but when it goes far deeper, hence keep declining in value then it becomes a DIP/ DIP SEASON. Despite every entry price when dealing with Bitcoin is always said and proven to be profitable, there is always a point where the urge comes into investing massively due to encountering the price at a much lower value, it becomes unsual cause there is every tendency of going back to its previous all time high or probably exceeding it. So investors are luckily and in a rush to accumulate once the DIP season comes.
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Smartvirus
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March 19, 2024, 07:07:45 PM |
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ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year. After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand. Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway. For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 19, 2024, 07:13:01 PM |
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Look at the market today compared to where it was last week it is down $10k it presents a perfect opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom, be thankful of the discount which is presented now.
It just goes to show that the Bitcoin market always presents corrections and dips for everyone and anyone to divert more FIAT. DCA can be practiced anytime and can be doubled up when there is a dip.
Interestingly I have been told yesterday that the ETF's generally dont buy during a dip, they apply typical traditional market sentiment to the Bitcoin market and would see the current dip as a "Major Crash", Anyone else hear about that? I wonder do they fear that the market could fall even further?
First off, BTC does not always present opportunties to buy on a dip. Second, ETFs have to buy BTC to reflect the quantity of shares their clients have bought, so they cannot choose when they buy in any way that is different from what their clients want.. and so in that regard, their clients can be quite varied in terms of their preferences, whether individuals, institutions and/or governments.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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I_Anime
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March 19, 2024, 07:22:40 PM |
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While we alternates to diversify our investment to the altcoins,
Please is better to diversify your money in a safe investment with lower risk , than investing in something that may endup getting you reck like shit coins . That why we don't recommend any one to invest on it , but to invest in Bitcoin ( though there's is risk but can be easy control) than that of shitcoins . This is a very nice question that deserves a well defined answer, DIP season refers to a particular period in time when investors have to invest into something (For example, Bitcoin) as soon the price value decreases to a point beyond normal volatility. The price of Bitcoin can drop from $63k down to $61k and we do not call it DIP, instead we consider it as it's volatile nature but when it goes far deeper, hence keep declining in value then it becomes a DIP/ DIP SEASON. well said , and as an long-term investor we find the dip as an golden opportunity to stash more bitcoin, so as long you holding bitcoin ( not shitcoins) the dip shouldn't make one panic but put some smile one face when purchasing the dip , by spreading out your funds when purchasing without going all in once , because sometime what we may consider the dip might not be the dip . But for those that are used to wait for the dip alone to accumulate some quantities of Bitcoin, the dip may not occur and one may end up missing out big time is advice to start accumulating with DCA at different price interval whether the price increase or decrease and same time have a good emergency funds, with some money set aside for reserve to buy the dip incase any occursm
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letteredhub
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stead.builders
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March 19, 2024, 07:28:34 PM |
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ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year. After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand. Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway. For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come. With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point and continue towards the upper circle after this very one in focus, for long term holding is where the main profit making really lies in bitcoin investment.
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Troytech
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March 19, 2024, 09:33:27 PM |
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But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions. What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them. But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment.
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Onyeeze
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March 19, 2024, 09:52:12 PM Merited by fillippone (1) |
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ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year. After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand. Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway. For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come. With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point and continue towards the upper circle after this very one in focus, for long term holding is where the main profit making really lies in bitcoin investment. You should not blame anybody because its obvious that the price of bitcoin is unpredictable, at a point you can the price of bitcoin forty-five thousand and later you see the price at sixty thousand, the price of bitcoin is unpredictable indecency that nobody knows how the regulations of bitcoin moves, what I will even encourage us to do, is that any step of bitcoin try to be smart and make research to know what will be the next step the market will take, don't panic and don't because of recent fall and you went ahead to withdraw your investment bitcoin, that's almost inquisitive profit investors does, but it will be more fair for we to take out time to observe the next step the market will take us to, by learning the interpretation of candles sticks, so you can neither utilise this opportunity by accumulating your bitcoin.
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Dorkylickjj
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March 19, 2024, 10:35:34 PM Merited by JayJuanGee (1) |
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While we alternates to diversify our investment to the altcoins,
Diversification of investment, in my opinion, should have zero to nothing to do with altcoins, reason being that we know the risks involved in cryptocurrency as a whole, and then the coin in question is shitty? Sometimes, the risks are too great that an investor minded individual wouldn't take. Instead, try stocks or something else that's not shitcoin
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Stablexcoin
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March 19, 2024, 11:11:28 PM Merited by JayJuanGee (1) |
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I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family. Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors.
But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest (disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, I agree with you on this. And am glad you mentioned disposable income because most investors do not know when to invest and lack putting things into consideration before investing. Before you invest you need to know have your written budget (YNAB). If you to put everything that is left or not to into investing after you have made a budget for your monthly expenses or emergency fund. It is good to understand your true expenses, there are little things we don't put into consideration but mostly come in a month where we get to spend in a month which you will feel the need to put into the budget soon. After YNAB, an investor should know the percentage left so he could know how he would spread it around. There are times when the things we need the least are not put into consideration we still need to know that they exist by so doing we fully understand what we need and what we don't. It's a normal thing for us to pay bills, tuition fees, car maintenance, clothes, car and electronic maintenance, and other things that reoccur every month that should be included in the budget and should be well thought out before using our disposable income for investment. But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them. Your second paragraph is so good! Whenever we tend to put ourselves under pressure it immediately puts fear in us. Before we could control it we lost the zeal to invest or continue our investment. Especially the current decrease in the price of bitcoin has triggered more fears than greed in the crypto market. Pressure is a hindrance to achieving our investment goal. Considering the background most people come from, maybe from extreme poverty or less. They have quite good money to invest after working hard but it is so hard for them to invest because they are scared of losing such an amount which they had worked so hard to make, the thing they do not know is that they can never get reach with that mentality. With time it becomes a psychological issue that they need to see a therapist. The truth is don't invest more than what you can afford to lose but how can this set of persons invest when they are not willing to risk anything (lose anything) when we all know that there is no investment without risk? DCA is a good solution for people like this, Like investing 5 or 10% this week from their income and doing it repeatedly into bitcoin this will give them balance with time and build their confidence in bitcoin investment. With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point and continue towards the upper circle after this very one in focus, for long term holding is where the main profit making really lies in bitcoin investment.
Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 19, 2024, 11:51:01 PM |
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But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions. What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them. But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment. These are things to learn. it is good to be as aggressive as you are able to be without being overly aggressive, and if you go through the experience of setting these matters up, you should be able to learn how aggressive you are able to be, and like I mentioned so many times, you are only able to be aggressive when your finances and your psychology is in good order, and so your psychology is likely to be in better order when your finances are in good order. For sure, if you are able to measure the difference between your income and your expenses, then that amount would be your discretionary income, and surely if you are new to making those kinds of calculations, you might not have a good way to categorize your discretionary income properly, so you will make mistakes, and you should not be spending 100% of your discretionary income on bitcoin investing because if you end up making a mistake, then you are might end up going beyond your discretionary income. which surely would be categorized as overly aggressive, rather than merely being aggressive. When you are more organized and more experienced, then you will already know how aggressive you are able to be without crossing into being overly aggressive. So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road. Of course, a lot of folks had been recently talking about El Salvador having close to 6k bitcoin (less than $400 million), and yet its annual governmental revenues is around $7 billion.. and so the fact of the matter, is that bitcoin is still ONLY around 1/20th of its annual revenues.. so El Salvador has a long way to go to get to fuck you status in terms of the amount of bitcoin that it holds.. and maybe I have been rethinking that in bitcoin, a person, institution or government might be able to get to fuck you status if bitcoin constitutes around 12x its annual revenues... so El Salvador has a long way to go in terms of building its bitcoin holdings. The same with an individual, they are surely in a better situation if they can get to a whole year's worth of income/expenses built up or saved up in bitcoin, but they still likely need to get to 12x or more in order to potentially start to be able to draw from his bitcoin in a form of sustainable income.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Kwarkam
Member
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March 20, 2024, 12:19:03 AM |
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Basically, there only exists two types of Bitcoin investors: Those who want to hit it big, and are doing the needful, you know them as holders And those who use btc as a means to an end. Clearly, posterity has shown us which is the better investment path. Imagine buying btc when it was below 20k, and then , just how you'll bask in brofit now that it's tripled, this only applies for holders, get the point? The fullness of Bitcoin profit is only enjoyed by HODLers. This doesn't apply to shitcoin, as if you hold on to them, you'll have reason to cry
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I_Anime
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March 20, 2024, 01:03:58 AM Last edit: March 20, 2024, 01:19:14 AM by I_Anime |
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Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high. This actually the type of time to increase the rate of DCAing as the price has gone down, while most traders would be scared to dive into Market because at this point no one know where market heading to. As an long-term investor the recent drop in price is an opportunity . [So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road. which such target 4-10 years depending on how frequent one his in his bitcoin accumulation, one can be able to secure a good portfolio for himself after accumulating and holding for such time rate . And for someone who's interested in holding , would actually need a good good source to hold for that long . One should always make good plans ahead accumulating and same time handling financial situation. You have been mentioning aggressive when accumulating bitcoin if I may ask I can one know if his over doing it (getting too or over aggressive) with his investment , so sir @JayJuanGee how can one know .
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JayJuanGee
Legendary
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Activity: 3808
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Self-Custody is a right. Say no to"Non-custodial"
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March 20, 2024, 02:28:55 AM |
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Basically, there only exists two types of Bitcoin investors: Those who want to hit it big, and are doing the needful, you know them as holders And those who use btc as a means to an end. Clearly, posterity has shown us which is the better investment path. Imagine buying btc when it was below 20k, and then , just how you'll bask in brofit now that it's tripled, this only applies for holders, get the point? The fullness of Bitcoin profit is only enjoyed by HODLers. This doesn't apply to shitcoin, as if you hold on to them, you'll have reason to cry
You speak a lot of nonsense. Guys can do whatever the fuck they like. Some of them are more whimpy investors (or timid in their approach) and others are more aggressive. Some have more abilities to ongoingly buy and some might not realize that they are able to do that or that it would be a good idea to do that. Some guys are also confused with the value of holding and are tempted to sell rather than to buy, so they get tempted to want to trade, even prior to their having had built up their BTC investment size.. so it can take a while to go through some of those kinds of phases, and I see no real value to denigrate guys who might be truly trying to figure our their own approach to bitcoin that is customized to their own situation. Why don't you tell us a little bit about yourself? Have you been buying bitcoin since your forum registration in mid 2022? or before that ? or after that? What was your approach, and how is it going? You are a bit new to bitcoin to be lecturing about what might be the better of approaches, unless your forum registration does not adequately demonstrate your investing experience, either with bitcoin or otherwise. [So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road. which such target 4-10 years depending on how frequent one his in his bitcoin accumulation, one can be able to secure a good portfolio for himself after accumulating and holding for such time rate . And for someone who's interested in holding , would actually need a good good source to hold for that long . One should always make good plans ahead accumulating and same time handling financial situation. You have been mentioning aggressive when accumulating bitcoin if I may ask I can one know if his over doing it (getting too or over aggressive) with his investment , so sir @JayJuanGee how can one know . Maybe you should provide an example in regards to where the confusion might lay? The general idea is that each of us should have some ideas about our discretionary income - which is the difference between income and expenses, and surely not too many folks are going to have exactly the same discretionary income each month, even if they might have a pretty steady income and some pretty steady expenses. There is likely going to be some variance, which is part of the reason to maintain emergency funds, reserves and to manage aspects of your cash float. The more organized that you are and the more experience that you have, then the more aggressive you can be in terms of spending higher amounts of your discretionary income on bitcoin (maybe even being able to spend 100% of your discretionary income on bitcoin), but if you are still trying to figure it out with exactness, and if you are still building your emergency funds and your reserves, then you would likely be better served by being less aggressive in terms of how much of your discretionary income you are spending on BTC, maybe only 10% to 20% of it. You are likely going to be going overaggressive if you are spending beyond your abilities to be sufficiently organized, or spending high levels of your discretionary income without being sufficiently organized, or not establishing much if any of an emergency fund and/or reserves or prematurely tapping into your reserves and/or your emergency funds to put yourself into risky situations in regards to actual emergencies that might come, or inabilities to take advantage of BTC price moves, such as dips because you exhausted all of your funds without adequate preparations to be able to continue to buy and/or to buy on dips, if dips come.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Oasisman
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March 20, 2024, 03:17:39 AM |
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Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH
Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high. Why not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? I mean, If you truly been DCAing since, you won't gonna be worried whether bitcoin pulls back a little bit to make another buy or not. It is true that every bitcoin correction could be a good opportunity to buy more, but everyone who have been DCAing might as well be ready during bull market and not gonna be worried or FOMO because they have been too ready for it to happen. So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better. We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun, so I assume you've made enough bag while DCAing, but nevertheless, $62k at current price is still somehow a good buy as well.
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JayJuanGee
Legendary
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Activity: 3808
Merit: 10713
Self-Custody is a right. Say no to"Non-custodial"
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March 20, 2024, 03:32:42 AM |
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Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH
Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high. Why not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? I mean, If you truly been DCAing since, you won't gonna be worried whether bitcoin pulls back a little bit to make another buy or not. It is true that every bitcoin correction could be a good opportunity to buy more, but everyone who have been DCAing might as well be ready during bull market and not gonna be worried or FOMO because they have been too ready for it to happen. So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better. We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun, so I assume you've made enough bag while DCAing, but nevertheless, $62k at current price is still somehow a good buy as well. You have been in bitcoin for two full cycles Oasisman. You should not be assuming that anyone who has been in bitcoin for less than a full cycle has had time to stack up on bitcoin. A lot of guys participating in this thread have been in bitcoin for less than 2 years, including I_Anime, and even if they had been in longer, sometimes it can take a while for members to even figure out that it is good to stack bitcoin aggressively, and sometimes even if they know, they might not have the capabilities to stack bitcoin aggressively, so sometimes it can take a while to put themselves into a place in which they are actually able to stack BTC aggressively. I also frequently proclaim that any brand new investor would be lucky if they were able to stack several years of income in less than 10 years because frequently even fairly aggressive investing of 10% or more of one's income might barely get a guy to 1 year or income stacked after 10 years, and sure bitcoin can short-cut some of the necessitates to stack as much, but guys still have to get some level of front-loading of their BTC investment in order for their investment to start to have potentials to really pay off.. and so other words it can be a long process.. And with you coming upon nearly your 8th year of registration on the forum, at some point you might have come to realize that stacking takes a long time, unless you ended up comeing to your BTC in a fairly aggressive way straight from the time of your forum registration.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Neobanks
Jr. Member
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March 20, 2024, 03:35:44 AM |
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Before I got into the digital asset space, my uncle was going on and on about having this shitcoin and all that. Trading was his thing and he was in more valleys than peaks, and HODLing didn't make any sense to him. Well in Bitcoin, HODLing is how to do it.
Everyone is always stuck to his level of understanding about something, until they see someone that will bring them to limelight. and I think you will be in a better position to tell your uncle that trading is not profitable. You must prove some important fact to let him know how important holding is. although I know it might be difficult to change his way of doing things or perspective. But it's a matter of choice. Like me initially when I came to this forum newly I came with the notion of trading and holding shitcoin hoping for a greater days ahead not knowing I was waiting for worst days ahead. And as time passes I realised I was fooling myself all around this year's. Untill I started holding bitcoin . Although I nearly gave up on bitcoin when the price has dip, I would have even sold it off. but as I was coming to this thread I was motivated to keep HODling which I did. Now my btc portfolio is growing impressively and am happy as a holder and I have regretted not using the money I used to buy shitcoin those few years to buy Bitcoin, by now I would have made more profit than ever. The emergency fund is also another important thing. Life some few days ago I had an emergency call of my sister in-law who was critically ill and was rushed to the hospital, there was no money to commence treatment, no body had emergency fund with them for the treatment to commence so I have to use my emergency fund to take care of the bills without touching my bitcoin HODLing till she came back from the hospital, everyone was asking me where I got that amount from? I was just saying its the lord doing. Where as it was my emergency fund. I now realise the true meaning of emergency fund and how important it is. I am looking up to receive my weekly payments to still replace my emergency fund let it not be dry to the extent of touching my bitcoin holding when it's not yet time for usage. That can be part of the problem and the dilemma of actually having money because there are so many folks that are not very responsible with their own money, and they have no reserves, and when we build up a bitcoin investment - not only do we end up having money in bitcoin, but then we need to maintain an emergency fund and reserves so that we will not have to dip into our BTC investment.. so it could be a bad thing to deplete your emergency fund based on something that might not exactly even be your own emergency, and then end up experiencing your own emergency prior to your being able to replenish your emergency fund... .. so yeah a lot of times it can feel as if th e emergency fund, reserves and float are just sitting around and not really doing anything.. but then all of a sudden when you need them, then they can surely end up coming in handy. All my life, I never knew that emergency funds should alway be in place in whatever investment one wants to go into. It was when I came to this topic that I saw how important it is for everyone investing or not investing to have an emergency funds should incase we face lost of job. I only knew how to save to achieve something of value. I agree with you mate and like I mentioned on most of my post, this thread has been a game changer in advancing my understanding on Bitcoin investment because just like you before I came here I had no idea on most of the things that was discussed here such as the DCA, and the importance of having an emergency funds because all I knew then was just how to invest on Bitcoin without knowing there are things that should be put in place so that I cannot ran into trouble during the holding process, so I most say that coming here has totally change my investment narrative because right now I no longer invest the way I used to invest, so I believe that I'm not the only person who has been inculcate on our investment journey through this thread, however all thanks to @JayJuanGee for always making out his time to inculcating us about the ways to go about Bitcoin investment. The opinion of saving emergency fund to help solve some emergency challenges is not disputable, it's something that every good investor have to put into considerations to ensure that the fund meant for investment is not tempered. However emergency situation is uncertainty that every good investment need to put in planning although nobody pray for such awkward situation but it's bound to happen but it doesn't occur every moment. In otherwise, the emergency fund saved to tackle occurance of emergency challenges can turnout to be a capital for a new investment if proper planning are put in place instead of saving the fund somewhere without it adding interest. For instance, if there is a total some of $150k save as emergency fund to help tackle emergency challenges, a good investor and business oriented minded person can use part of this money to accumulate Bitcoin using DCA strategies for a long term investment and then be accruing the profit of the investment to emergency challenges and within little time in the near future there may be a reasonable rate of return from the little investment made from emergency fund.
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Tmoonz
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March 20, 2024, 05:09:37 AM |
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Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH
Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high. Why not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? Yes is actually a pretty good thing especially for those who are far gone in accumulating Bitcoin in their portfolio, So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better. We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun,
Of course your are right, considering what I have learnt here @jjG's that it is the size of your portfolio that determines what you get, and chasing the big bag is the best for me, where long term profitation is for people who has enough Bitcoin already accumulated. Hence not everyone can be saying the same thing because there are those that stared earlier and has their bags well equipped whereas there are people that started few months ago or less than 4 years that are not supposed to be in the same mood with those that started earlier by focusing more on accumulating Bitcoin as they are still early in their investment and shouldn't be talking about reaping or selling which may likely to be seen more like gambling than investing with. Those are the things I have learnt and all thanks @jjG.
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