Buy the DIP, and HODL!

[bitmover]

You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC.  So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.

https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.

We are having technical problems with the coingecko API. They want to sell their paid plan...

I am working on it, I  will come back here with more information once I fix it!

Code:

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            "timestamp": "2024-03-28T00:23:30.584+00:00",
            "error_code": 10012,
            "error_message": "Your request exceeds the allowed time range. Public API users are limited to querying historical data within the past 365 days. Upgrade to a paid plan to enjoy full historical data access: https://www.coingecko.com/en/api/pricing. "
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[ginsan]

They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.

Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.

Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.

[JayJuanGee]

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.

Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.

Exactly.  There is a need to stay focused, because whether you are able to invest $10 per week or $100 per week, you are going to really end up diluting your investment if you are fucking around with various shitcoins that may or may not perform.. and the chances of them performing is surely not good.. especially if we consider both upside and downside.. and if we consider places to invest for the longer term such as 4-10 years or even longer.

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

So yeah the timeline can take a really long time, and three full cycles is not unrealistic, if we consider that you are accumulating BTC the whole times and you may have started out without a lot of resources, and perhaps your discretionary income is not very high... so it may well take way more than 3 cycles, since in traditional investing it can take 30-40 years to really make progress, and if you are able to cut that in half to be able to make a lot of progress in 15-20 years, then you are likely way ahead of where you would have had been with a strategy that did not include bitcoin.

I am not sure what you mean by bitcoin defi, except if you are suggesting that guys need to be careful about any of that stuff, then I will agree with you.  There are needs for normies to be striving for simple and straight - forward strategies to accumulate bitcoin without any bells and whistles and from time to time to move their accumulation levels to private wallets that they maintain in a secure way... if there comes some time that guys might want to fuck around (trade or play with various yield and/or leveraged products), then if they could at least limit their exposure to such likely gambling behaviors to 10% of their bitcoin holdings, then at least they will be attempting to satisfy their curiosities within some moderation that is less likely to cause them to be recking their lil selfies.

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure you don't necessarily have to work once you've sold off your holding.

If you believe that a smart person should spend 10 to 20 years investing in bitcoin and then sell it off in order to get into fiat, then you must either be retarded and/or you are failing to recognize and/or appreciate the long term HODL value of bitcoin - especially once you have spent enough time accumulating it and becoming empowered by the strength of its value storing/appreciating capabilities - even if there might continue to be decently large amounts of BTC price volatility, anyone who believes that s/he is planning to get out of bitcoin is likely not even investing into bitcoin, and is failing/refusing to actually understand bitcoins value proposition and/or the likely ongoing strength of its investment thesis.

It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.

There is nothing wrong with starting a business, but there still might not be good reasons to sell large portions of your BTC in order to accomplish such.. .. but hey, yeah to each his own.. .. You are free to employ your seemingly short-sighted plan to potentially go from better to worse all that you like.  None of us can necessarily persuade you that you might be employing your capital badly if you consider selling all your BTC for such a purpose to be a wise employment of capital.

By the way, don't get me wrong..  There surely can be a large number of needs that normies have to invest into themselves, their skills and/or their education in order that they can move up the income ladder and also to increase their earnings whether that is from having their own business or working for someone else who is willing to pay more when you have gained and attained certain skills, education and experiences.

I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

There is some truth in what you are saying, even though I still get the sense that you are a bit naive in terms of how you plan to deploy any advantages that you may well end up getting by having your BTC in profits, yet in one sense, you are surely correct that a guy who is more aggressive in his accumulation of BTC may well end up in a way better place than a person who is more conservative and even some guys might be accumulating bitcoin with very little commitment.. so in some sense the more aggressive that you can be in terms of accumulating bitcoin, including potentially having decently large portions of your income going into bitcoin and also cutting down on your expenses a lot in order to accomplish such aggressive levels of BTC investment, then you may well end up having much better performance and being able to cut down the number of cycles that you would need to be in bitcoin in order to achieve similar or better results than a guy who is way more whimpy and reserved in his bitcoin investment..

so yeah think about a guy who might be able to invest more than 25% of his income into BTC as compared with a guy who is ONLY investing around 1% of his income into BTC. .and the guys might also be in comparable income levels but the guy investing more than 25% would have decent chances of having 25x greater profits as compared to the whimpier guy (assuming that the whimpier guy is not investing into other things that might off-set the results..

Of course some balance may well be needed in life too.. so each person has to figure out various kinds of balances in regards to his health or building family and relations, so sometimes, a guy could damage himself if he is being overly aggressive in his investment into BTC if he otherwise sacrifices some areas of his life and/or well-being that should be maintained and/or built.. which sometimes also costs money to accomplish those other balancing things.

Anyhow and in any event, a guy still may well end up achieving a lot of value and price appreciation in his BTC and wealth, and so then he has more options to carry out other goals.. but that still may well need to be balanced in terms of how much BTC to cash out of or even varying ways to adjust the BTC holding strategy based on potential desires to diversify out into other investments and/or consumption after achieving greater wealth because of earlier aggressiveness in his BTC investment and approach to BTC accumulation.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

You may be correct in your various points and/or your conclusions FinePoine0.. but I would be careful in terms of expressing these kinds of matters in terms of such black and whiteness, especially since it is surely possible to lose money in bitcoin, including that you could lose up to 100% of your bitcoin investment.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

We are not talking about trading in this thread.. or even selling.. so you sound like a trader rather than being an investor.. which seems to not be what we are talking about in this thread.

[Edited out]

You don't only buy on weekly basis and there are
major factors to be considered in selecting the intervals of your dca which includes the following.
1. Your investment goals as regards to time horizons

2. Your financial situation

3.  Market trends.
You can click here for more details https://kriptomat.io/finance-investing/how-to-choose-the-right-interval-for-your-dca-strategy/#:~:text=Investment%20goals%3A%20Your%20time%20horizon,advantage%20of%20quicker%20market%20movements.

That article is not bad in order to flesh out what is DCA and why and how to employ DCA - however, it seems to a bit incomplete in terms of getting into some of the nitty-gritty in regards to why weekly DCA might be preferred, but also reasons why a person might choose to alter the time period and choose a different time period.

It seems to me, that it would be good to establish weekly as a kind of default - best practices when it comes to bitcoin DCA investing, especially for the newbie.. .. yet of course, even a newbie may well need to figure out some other kind of interval in the event that his cashflow situation might be somewhat irregular and also if he is trying to figure out various aspects of his financial situation related to emergency funds, reserves and float.. and surely the idea of "financial situation" addresses some of this, but it is way too vague in order to really give us some ideas regarding how a guy realistically should be figuring out how to delve into either initially establishing his BTC position and/or getting into some kind of a 6 month plan that might be adjusted after the first 6 months or perhaps extended another 6 months if it seems to be working well in terms of balancing his getting to some kind of initial BTC stake and then continuing to work on BTC accumulation goals... that might be more difficult to put in place in the beginning but may well become smoother after the guy had spent a year or two investing, whether weekly or some other suitable interval between BTC purchases.

[edited out]

This is quite right. No one of us can predict what price of Bitcoin will be in coming weeks or months. It's best to set some target value at which you will buy or sell

Why do you feel some kind of a need to try to be fair and balanced in terms of talking about buying and selling, when we are not talking about selling in this thread.. ..

The emphasis is in this thread is to figure out and to compare and contrast ways to accumulate BTC.. and selling is not part of the more basic BTC accumulating strategies... so fuck selling in terms of describing it as a basic strategy - absent if you have already reached your accumulation goals and have already overly accumulated BTC and have actually gotten past your buying and accumulation stage of your BTC journey, which is the topic and emphasis of this thread.

because we don't know what exactly is price is coming weeks or months. Today price is $70k and what price will be month after we don't know.
200-WMA is good indicator for us to make a decision about when to buy. When 200-WMA and spot prices are close then it's good time for accumulation.

Yeah, but if you are new to bitcoin, then anytime is good to buy. .and so it might take a whole cycle before a BTC accumulator might start to get into extra strategizing around something like the 200WMA.. yet sure, sometimes, we might come to bitcoin and actually already see that BTC prices are at, near or below the 200-WMA and we might be able to recognize some extra motivation to become more aggressive in our BTC accumulation strategy than what we otherwise would have had been.

You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC.  So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.

https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.

Yeah.. sorry about that.  Bitmover is working on it, and hoping to get it resolved soon... perhaps within the coming days..

Bitmover provided a status update in this post from yesterday.

Edit: Upon further reading of the posts of the thread, I see that bitmover already responded to address this matter..

Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?

Even if you started buying $100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters.  The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.

It was mid of 2017 that I first came to know about Bitcoin and it took me few years to buy my first Bitcoin and only a year ago I got mature enough to know that real benefit of Bitcoin is in DCA. I am DCA now and it will take me few years to get adequate number of Bitcoins.  
https://dcabtc.com tools provide previous data that motivates us to invest in Bitcoin in DCA manner.

Of course, it is better late than never in terms of your own decisions to become more active in regards to investing into bitcoin with DCA and even perhaps in a somewhat regularly aggressive kind of way, instead of what seems to be your inclinations to try to time you BTC buys, which may not really do you any favors until you get to a certain higher point of your BTC accumulation.

So yeah it would be difficult for any of us to really know if another person is being sufficiently aggressive enough in his BTC accumulation and/or if he is otherwise employing strategies that are sufficiently suitable and tailored to his own circumstances - as in the 9 factors that I had outlined in one of my earlier posts.

Many of us likely realize that many newbies to bitcoin and even guys who are in their earliest of stages of BTC accumulation will become overly greedy and/or overly risk taking because they believe that they are too late to accumulate bitcoin and they think that they need to make up for the time in which they had not been sufficiently and/or adequately stacking sats and/or when they might have been employing inferior techniques in regards to actually accumulating BTC.  So, from my perspective, if you are really getting into regularly stacking BTC (sats) and you have some sufficiently aggressive measures in place, then you are likely going to be quite a bit ahead of both normies who are economically similarly situated as you and also ahead of another version of yourself who had not decided to aggressively stack sats.

and yeah sometimes it can take 2-3 cycles or even more to really achieve a meaningful amount of bitcoin and/or wealth, and surely there are some disadvantages in regards to some of the BIGGER financial players coming on board and offering efficient on boarding avenues to a lot of folks, institutions and governments who would have otherwise not been ready, willing and/or able to buy BTC (referring to the ETFs), and so yeah, BTC's price is quite likely going to continue to be driven up due to these kinds of ongoing short-term price pressures.. which drives up the price for any newbies coming into bitcoin and might even cause some of the newbies to either not invest into bitcoin or to even sell bitcoin that they have because they wrongly consider themselves as either too late or they believe that they might be able to sell and to buy back more cheaply.. which surely are dumb and/or ill-informed kinds of perspectives in regards to appreciating bitcoin's current and ongoing value proposition.

So yeah, it is going to continue to take a lot of normies a long time to get into bitcoin and an overwhelming majority of them are going to end up having to buy bitcoin quite a bit down the road and at quite a bit higher prices than current prices.

[Frankolala]

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

Yea, of course the best time to buy is the dip, but no one can know when the dip will come which makes it not the best time for new beginners or inve8who have just started accumulating bitcoin. It is hard to predict the movement of bitcoin and that is why it is not a good strategy to be waiting for the dip, because that investor will probably miss out.

DCA method is the best because it gives you the opportunity to buy bitcoin when the price dips, pumps or stay sideways. It is also stress free an gives you the opportunity to grow your bitcoin investment gradually, provided you are doing it the proper way. DCA and hodli for long and you will be happy with the result that you will ha e in a long-term.

[Roseline492]

It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

Yeah that's actually very clarifying, however I wonder why someone could even think of selling a large amount of his Bitcoin holding even if he has other intentions of using the funds on, however even if his intentions is to venture into other assets shouldn't be a reason for someone to sell a large amount of his Bitcoin because regardless of the needs or intentions to venture into other investment what should be mostly considered is the potential and how real it is, so considering all this things Bitcoin should always be the major investment for everyone because unlike every other investment Bitcoin has shown that is the best investment that can put a smile on someone's face in the future only if they hold.

[Obim34]

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not.

I say again, fuck crypto. Bitcoin is not the same as crypto, Bitcoin is far more better than crypto currency. Bitcoin is not a get rich quick scheme and crypto newbies should know that.

Haha, just the words of @JayJuanGee, FUCK CRYPTO, initiatly cryptocurrencies are not meant to be talked about here in this particular thread, let me go a little soft on this, @Jating may have simply misunderstood and misuse the word crypto in regards to Bitcoin, we learn everyday so right now he can take correction. Like you said, Bitcoin supercedes every other currencies no matter how profiting and promising they paints it to be, we are not expected to let our guards down so we don't perish in loses as the outcome of making quick profits. Bitcoin is much more of an investment that requires purchasing and holding and not a quick rich scheme, that is referred as trading and not Bitcoin investment.

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

Yea, of course the best time to buy is the dip, but no one can know when the dip will come which makes it not the best time for new beginners or inve8who have just started accumulating bitcoin. It is hard to predict the movement of bitcoin and that is why it is not a good strategy to be waiting for the dip, because that investor will probably miss out.

DCA method is the best because it gives you the opportunity to buy bitcoin when the price dips, pumps or stay sideways. It is also stress free an gives you the opportunity to grow your bitcoin investment gradually, provided you are doing it the proper way. DCA and hodli for long and you will be happy with the result that you will ha e in a long-term.

Purchasing the DIP is one of the most aspects of Bitcoin that does deserve an award as a helping tool to most investors. Buying the DIP is a strategy on it's own which can aswell be compiled along side others, it will be too lame to just sit and observe the market till it DIPs before wanting to invest, that is the reason why the DCA approach now overcedes others because investors are still going to buy portions of Bitcoin during that same DIP which they have been waiting on and nobody knows if the market may continue to DIP at that time which they feel is the climax of the DIP and seeing the price drastically declines.

[Cryptoprincess101]

One thing about Bitcoin investment is to purchase and another is to have the mind to hold, even when it doesn't seems nourishing we still continue holding.

This is just the real truth because it is through consistent accumulation that you can gather enough money that will make you get rich in the future even some rich people today if they tell you how they were so patient and saved so much money for some years before they were able to own an investment that made them become so rich today. Patience is the key of any investment because there are times when things will become so difficult to the extent that you might be thinking of selling the Bitcoin you have hold but with determination to succeed you still kept accumulating till you were able to meet your goal. Success doesn't just appear in a day as it takes time to achieve great things so anyone that wants to invest in Bitcoin should bear it in mind that they need patience to be able to achieve a breakthrough.

[I_Anime]

It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.

Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.

Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.

Yeah that's actually very clarifying, however I wonder why someone could even think of selling a large amount of his Bitcoin holding even if he has other intentions of using the funds on, however even if his intentions is to venture into other assets shouldn't be a reason for someone to sell a large amount of his Bitcoin because regardless of the needs or intentions to venture into other investment what should be mostly considered is the potential and how real it is, so considering all this things Bitcoin should always be the major investment for everyone because unlike every other investment Bitcoin has shown that is the best investment that can put a smile on someone's face in the future only if they hold.

Alot of individual most time would sell some certain amount of their Bitcoin ( expecially when you haven't reach your Accumulation goal or having enough Bitcoin). With the mindset of replacing it back. Lol I laugh , most people don't know that the chances of them buying at that Same low price is damn low. You can't expect bitcoin to dip for sake inorder for you  to replace that amount you withdrew from investment at that same price you first brought it . Nahhh things doesn't work that way. Like those who bought their Bitcoin when the price was $10k and they later sold there coin around the price range of $15k , with the mindset that when bitcoin dip again to $9k or $10k they would buy , but now look at Bitcoin is around $70k now . So you can see that when you start taken profit from your investment when you haven't gotten far with it . You're only reducing the potential of yielding some thing good in a long run . That why one should not of removing or withdrawing from his investment ( Bitcoin) , especially those that are low coiner or haven't gotten  any where with Their accumulation. Should rather focus on how to add more Bitcoin to his portfolio.

This is just the real truth because it is through consistent accumulation that you can gather enough money that will make you get rich in the future even some rich people today if they tell you how they were so patient and saved so much money for some years before they were able to own an investment that made them become so rich today. Patience is the key of any investment because there are times when things will become so difficult to the extent that you might be thinking of selling the Bitcoin you have hold but with determination to succeed you still kept accumulating till you were able to meet your goal. Success doesn't just appear in a day as it takes time to achieve great things so anyone that wants to invest in Bitcoin should bear it in mind that they need patience to be able to achieve a breakthrough

 you are right, that why one need to discipline himself when it comes to longer-term investment. Being patient with your holding play a great role in your Bitcoin investment, increasing the chances of you getting a better profit or return in a long run. And the other thing that play another role is the number of Bitcoin one has accumulated in his portfolio, depending on how aggressive one was in his Accumulation expecially those with nice cashflow. So these things should be considered as you holding make sure you are holding some nice quantities. Inorder to yield a better profit in a long run.

[Salahmu]

Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.

Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above.

[I_Anime]

Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.

Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above.

Yeah, but there's no harm for one being aggressive as he can in his Accumulation expecially when having a good cashflow, it would help one making his accumulation to more effective,  but it won't be wise if one being aggressive when he or she can't financially keep up with such aggressiveness. It would lead to one not being able to hold and accumulate for long. So the best is for one to keep his Accumulation going according to his cashflow, because most users here are planning to hold for 4-10 years even more than . So with such , you can have enough time to accumulate some good quantities in your portfolio.

[Perfectbaby]

Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.

I really don't think you get the clear picture of trading bro, when you talk about trading, you are definitely talking about the future market, which is totally different from buying, holding and selling when the coin you bought has appreciate, and that is the spot market, in the spot market you can't lose your money as long as you don't sell.

Where did you got this your idea from?
And who told you don't lose your money in spot market if you don't trade, okay go buy shitcoin in spot market and don't trade it allow it to be there maybe during bear season if your holdings in shitcoin won't goes to zero.
The likelihood of your assets turning to zero depends on the kind of coin you are holding and I guess you are the one misquoting yourself not me.  As I said before bitcoin still remains the best coin to hold for long.

[Tmoonz]

Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.

Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above.

In as much attempting to compete with others can be a wrong approach, it is pretty ok being aggressive it is only bad when you are being overly aggressive without considering how much of your discretional or disposable income you have where your basic needs, emergency, reserved and float will be affected trying to become overly aggressive. You can can become aggressive if proper financial planning has been done as regards to ensuring that your basic needs, emergency, reserved and float funds are all taken care of.


Irrespective of the fact that the DCA has enormous benefits it could be misleading saying that dca is the best whereas there are other strategies too that has its own unique functionality, it will be pointless making comparison which is the best. However every investor must tailor down which ever strategy that will suits his or her investment where and when necessary in terms of:

    1. Financial situation
    
   2. Investment goals and objectives

   3. Risk tolerance level

Hence, what is more important is how much of Bitcoin you have and your ability to hodl as long as possible.

[Sim_card]

Since we are always buying through DCA, it will be difficult to always determine our entry point. For me the holding period is the main priority in this case. It will be foolishness for me that doesn't have up to one bitcoin to compare my profitability with someone who have up to one bitcoin or more. But if someone who has up to a bitcoin sell of early and I continue holding my bitcoin for many years, there is every possibility that my profit will get to his level when he sold of or more, because we don't know the amount that bitcoin will get to in the future.

Actually an investor who is slowly coming up using DCA method to accumulate Bitcoin shouldn't compare themselves or trying to compete with those that has already started investing on Bitcoin for long because always trying to get an amount of investment other investors have could lead to aggressive investment were as you will put everything you have just to remain on the competitive trends, although there is no harm trying to accumulate as many Bitcoin as you can but trying to compete or reach out to other people amount of investment is not wise because it could lead to aggressive investment which could sometimes cause by fear of losing out, so perhaps in as much as DCA method takes a while before getting a reasonable amount of Bitcoin but is actually the best and you would be surprised with the amount of Bitcoin you will realize from ten years and above.

A good and focused bitcoin investor should not think to go into competition with anyone, because our discretionary income differs from each other, and also our responsibilities too. You might go into accumulating bitcoin competition with your friend that you guys started to invest in bitcoin at the same time, and lose focus on how to manage your cash inflow. This  is because you are over aggressively buying without considering your emergency funds in a good size of up to 3 months and above.

If when  you are faced with an emergency that is bigger than your emergency funds, you will end up selling part of your bitcoin, which makes the competition useless and foolish, because you fail to understand your own discretionary income and invested like you have so much. While your friend is still busy buying regularly without stopping or selling, talk more of an old time investor that bought bitcoin very cheap, and have made so much profit due to compounding effect of his bitcoin profit.

[I_Anime]

Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.

I really don't think you get the clear picture of trading bro, when you talk about trading, you are definitely talking about the future market, which is totally different from buying, holding and selling when the coin you bought has appreciate, and that is the spot market, in the spot market you can't lose your money as long as you don't sell.

Where did you got this your idea from?
And who told you don't lose your money in spot market if you don't trade, okay go buy shitcoin in spot market and don't trade it allow it to be there maybe during bear season if your holdings in shitcoin won't goes to zero.
The likelihood of your assets turning to zero depends on the kind of coin you are holding and I guess you are the one misquoting yourself not me.  As I said before bitcoin still remains the best coin to hold for long.

You guys have already read the subject of this thread( which Is BUY the DIP and HODL) right , so you can see clearly that shitcoins don't follow such terms. We are talking about how to secure a proper and smooth Bitcoin long-term investment or holding not shitcoins shit. Yeah when one is holding Bitcoin without any use of any leverages shit and all that , would be fine with his holding without any fear . But if you are the type that normally use leverages with the aim of multiplying your profit, just know that at same time you are multiplying the risk also, by increasing the chances of one losing their holding, because there's a certain dip market would experience that may trigger one liquidation, leading to one losing his money. But when holding with spot no matter the dip as long is bitcoin you holding , anytime there's increase in market the money yah holding will surely surge with it . But don't forget exchange is never the best place to hold , but rather using a noncustodial wallet for your assets to be safer.

[Mayor of ogba]

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.

When it comes to bitcoin investment, those who hold bitcoin for the long term are always in good profit because bitcoin price will always go high. For instance, imagine both of us accumulating 0.05 BTC each with $1500 when Bitcoin was at $30k. When the bitcoin price rises to $50k you decide to sell your bitcoin and start a business with the profit. And I continued to hold my bitcoin until now, when the price is at $70k. If I decide to sell my bitcoin, I will make a better profit than you. 

[Barikui1]

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.

When it comes to bitcoin investment, those who hold bitcoin for the long term are always in good profit because bitcoin price will always go high. For instance, imagine both of us accumulating 0.05 BTC each with $1500 when Bitcoin was at $30k. When the bitcoin price rises to $50k you decide to sell your bitcoin and start a business with the profit. And I continued to hold my bitcoin until now, when the price is at $70k. If I decide to sell my bitcoin, I will make a better profit than you. 

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now,  and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter  never expected.

[khiholangkang]

They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.

Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.

Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.

Money management, risk management, investment time management, self-control and income are the main factors for you to be able to invest in bitcoin more safely, but not everyone opens the way to invest with the same logic and knowledge including ways or strategies in investing in bitcoin. And it will also determine how long you can invest in bitcoin in talking investment and achieve profits in your goals.

I agree more not the cornerstone of investment but a new standard of investment for those of us who understand economic turmoil and fiat fraud, in general you will benefit if you continue to hold bitcoin, yes at least your wealth is not eroded by inflation which continues to be high because the government continues to print money, as long as the government continues to print money then having bitcoin while as a shield of value theft by the government and because that is also why the price of bitcoin continues to rise every cycle, holding fiat is more risky than holding bitcoin.

[Promocodeudo]

They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.

Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.

Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.

As an investor in bitcoin first of all you should consider if you can endure and be patient if some events occur, if you are not an investor that has other ways you earn, you have to be very reserved in spending to avoid being tempted to think of withdrawing your asset, that's why it is advisable for investors curtail there expenses if they are the type that spends much, emergency fund should be available always so that it can be used to handle some expenses when the need arises.

Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.

[Tmoonz]

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now,  and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter  never expected.

At some point I feel the need for us to be mindful of our choice of words, in order  for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.

The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.

[Rabata]

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now,  and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter  never expected.

The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.

Bitcoin is considered digital gold for long-term investment. Other cryptocurrencies have limited global recognition but Bitcoin is the only coin with global acceptance. Bitcoin trading volume nearly half of all crypto markets. Due to this high liquidity it is definitely a less risky investment. Moreover, anyone can manipulate the market of various shitcoins, there is no such opportunity in the case of Bitcoin. Since Bitcoin is decentralized, it cannot be controlled by the government or anyone in power. An altcoin will be worthless if held long-term but a bitcoin will be a permanent asset or will be considered as the digital gold in the long-term.