Buy the DIP, and HODL!

[Sim_card]

Buy when the price is low and sell when the price is high, that is the golden rule.

We are not talking about selling in this thread.  We are talking about various forums of accumulating bitcoin with a presumption of long term investing, and there is no need to figure out your various selling parameters until later down the road.  

Of course, you can talk about whatever you like, but if you are talking about buying and selling as a kind of basic approach to investing, then maybe you are not even clear about what investing means, since you are talking about trading rather than investing.

Yeah, a lot of folks make the same dumbass mistake, and they act like their getting in and out of some asset (whether bitcoin or anything else) is actually investing, when it better fits into the category of trading and or gambling.

I'm happy I'm am getting ideas, I understand what you are saying very well, as a newbie I have thought of ways or strategy to use in my investment and that is one of the reasons I joined this forum to get ideas.
From the ideas I have gotten from this forum now trading is a no for me when it comes to bitcoin investment, I'm planning on hodling and I will use the DCA method mentioned here in this forum for me I think is the best I don't need to wait for the fall of Bitcoin before I can start accumulating I will start now since is a very very long time investment am going into.
Thanks JayJuanGee for your intelligent write-ups, I went back and I saw a lot of your write-ups and it has really changed my way of thinking about Bitcoin investment.

I am glad that you are rethinking your earlier practices - especially if you had been thinking that selling is a good way to accumulate more bitcoin.. so if you can figure out some kind of an amount of weekly investment amount that is reasonable to you, whether that is $100 per week or $10 per week, you can start out some kind of an ongoing BTC accumulation plan and to study bitcoin at the same time in order to perhaps become more confident in your own choices regarding how much to buy, how long to accumulate it and how much bitcoin that you might think that you might need before you might start to change your strategy into something other than ongoing accumulation... and one of the things with bitcoin is that anyone can get into it at amounts that work for them, yet they still may have to figure out how to hold it themselves and various other kinds of learnings about bitcoin in order that bitcoin may have greater chances to give them more rather than fewer options in their own futures.

From my own personal experience I have come to understand that people who thinks to buy bitcoin and sell founds difficult to hodl bitcoin because the main reason for them buying bitcoin is just sell to make profit and they want this profit so fast which is so difficult for them to have that patience to hodl bitcoin.  Those that their thinking is just to buy bitcoin are the real investors because they buy and never have any thoughts of when to sell bitcoin. Buying bitcoin and planning when to sell is just like trading buy buying and hodling their is no plan of when to sell and investors like this hodl comfortable without been bothered to get profit quick. Buying bitcoin to hodl is not difficul but everything depends on interest. If the interest is there to buy bitcoin will be very important and the amount either small or big does matter.

The problem is that some of them might even know that long-term bitcoin investment is the best to achieve a reasonable amount of profit but they are not ready to invest for their future, because they believe that they are smart enough to make it in life without investing but from the little profit that they will get from short-term investments. Some of these short-term investors bought bitcoin not with their discretionary income because they have plans of using that money in which they used to buy bitcoin in a year time or money that they, or some don't even have a means of income. Which is wrong because if bitcoin price dips below their entry point when they need the money, they will run at loss.

This is why anyone that want to invest in bitcoin must have a means of income and use part of his discretionary income to invest in bitcoin using DCA strategy to buy continuously and persistently, so that he will be able to hodli for a very long time, because the amount that he is using to buy bitcoin is an amount that will not affect home if it lose it.

The bottom line is that those people after short-term profit don't care about to be rich in future, if not they won't follow this step because no matter how many buying and selling that they do, their portfolio will still be small in size compare to a bitcoin investor overtime, because of the compounding effect of his bitcoin portfolio.

The "Interest" and the view of Bitcoin in the eye of the investor is what propels his actions in Bitcoin wether to buy and hold, or take it as a Tradable coin  to make profit off through gambling her prices. For investors that see the potentials and understand the value of Bitcoin also as an asset, they care about accumulating, above all having a Solid Bitcoin Portfolio. Many ain't found here, there view are limited to bull run pumps, how to buy now and impatient for profit by tomorrow,lol, expecting ×1000 return . Am not surprise when the reverse is the case for them, they become liquidity for those who understand how to approach Bitcoin.

I don't get the bolded word correctly, what do you mean that many hodlers ain't fount here. This thread is mainly to encourage newbies on how to invest in a long term and also how they can build their bitcoin investment portfolio overtime and still hodli using the three different method, in which the DCA method is more preferable for newbies. A lot forum members on this thread are giving their testimonies on how they were able to apply the DCA method which enabled most of them to be hodling till date. I started my bitcoin journey last year after participating on this thread and I am proud to say that I listened to advise and now I have my bitcoin portfolio and I am building it using DCA to buy regularly.

I intend to make bitcoin part of my life, which means I will always have my bitcoin investment to pass on to my children as their inheritance package. Bitcoin is a good investment that is worth hodling till old age. JJG have being in bitcoin investment since 2014 if I am not mistaken, and he always talk from experience, likewise most people that are also investing in the right way. In the Wall observer thread, there are alot of bitcoin OGs who have being holding their bitcoin till date. So I think that you need to figure out how you can get started if you have not, and put your mindset on a long-term goal.

[JayJuanGee]

[edited out]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

You sound mixed up Briankimp1.  Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar.  We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.

[edited out]

I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.
Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.

Are you trying to sound smart, or what?  What is this amorphous crypto bullshit that you are referring to?  Do you believe crypto and bitcoin are the same?  If you are wanting to talk about bitcoin, then why not just say bitcoin?  Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.

[edited out]

I see where you’re going with this and you’re absolutely right, I was also referring to Bitcoin thanks for the notice I’ll be careful with my wordings next time to avoid any confusion of any sort.

Hopefully, you can figure out how to communicate better and not say retarded things while perhaps trying to sound smart.  Just because others (perhaps even smart people) talk about "crypto" and don't specify exactly what they mean by such dumbass vague term, that surely does not make it acceptable to do the same.  Now if you actually specify what you mean, then the problem is less egregious, even though in this thread, there seems less need to even mention various shitcoins unless maybe you are wanting to say something negative about them or some how some shitcoin relates to this topic.. but many of us here already know that any kind of potential positive talk about shitcoins tends to be a slippery slope that may not have any way to recover, so it is likely better to just avoid any kind of feeling of a need to talk about any shitcoins.

[Frankolala]

Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.

I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.

So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.

This just remember me of something I learnt about rules. I guess I heard it in a movie.

There are so many rules here,
Some are written,
While others are not,
You learn those that are written by reading,
And learn those that are not written when you break them.


I think when we go through the internet inorder to search for Bitcoin investment strategies or information, we sometimes see so many related concepts that talks about the same thing without adding something new. But the purpose of having such discussion on this thread enables new and old investors to foresee the none written investment strategies that we might not find elsewhere, as most people who share this things might have had personal experience with them. So most times, I just prefer reading through people's opinion to learn rather than add what they already know.

Rules are guidelines and if followed properly one would not make mistake that will affect him in life. In investment generally and Bitcoin investment specifically i can relate the strategy to be one of the rules. Many people dont see the importance of following a well structured strategy to achieve their goal. They might know a lot of strategy but there is the saying that 'jack of all trade but master of none'

An investor who tries several investment strategy along a goal path is bound to fail or experience difficulties along the line. There is great importance of strictly adhering to one strategy during a target goal. Although it is in our hands to decide which we would rather use, and at the end of the day we would take responsibility of our decisions.

You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.

For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.

[ginsan]

At this point I want to provide some news about bitcoin recently, I saw a lot of positive news that I read on X.

FORBES: Chamath Palihapitiya has predicted Bitcoin could "completely replace gold" as countries adopt it—potentially pushing it's market capitalization toward gold's $15.7 trillion.

Source: https://twitter.com/BitcoinNewsCom/status/1797629898099654674?t=AFlIS88hLCgsGce6kz8ttg&s=19

So, I predict that in the future Bitcoin will surpass gold in the category of people's preferred asset for investing. Bitcoin will become a target for large companies to make Bitcoin a treasury cash asset. Yes, that means we can conclude something stated by the Op which is to buy on dips and continue to hold. That's a fairly simple sentence, but don't you understand the significance that there are quite a lot of people out there who predict Bitcoin as the best choice to invest in compared to gold or silver.

For this reason, don't waste your time pressing the buy button when you are ready to enter the circle of long-term investment in Bitcoin.

[Felicity_Tide]

Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.

I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.

So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.

This just remember me of something I learnt about rules. I guess I heard it in a movie.

There are so many rules here,
Some are written,
While others are not,
You learn those that are written by reading,
And learn those that are not written when you break them.


I think when we go through the internet inorder to search for Bitcoin investment strategies or information, we sometimes see so many related concepts that talks about the same thing without adding something new. But the purpose of having such discussion on this thread enables new and old investors to foresee the none written investment strategies that we might not find elsewhere, as most people who share this things might have had personal experience with them. So most times, I just prefer reading through people's opinion to learn rather than add what they already know.

Rules are guidelines and if followed properly one would not make mistake that will affect him in life. In investment generally and Bitcoin investment specifically i can relate the strategy to be one of the rules. Many people dont see the importance of following a well structured strategy to achieve their goal. They might know a lot of strategy but there is the saying that 'jack of all trade but master of none'

An investor who tries several investment strategy along a goal path is bound to fail or experience difficulties along the line. There is great importance of strictly adhering to one strategy during a target goal. Although it is in our hands to decide which we would rather use, and at the end of the day we would take responsibility of our decisions.

You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.

For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

[Justinapeter]

[edited out]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

You sound mixed up Briankimp1.  Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar.  We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.

[edited out]

I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.
Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.

Are you trying to sound smart, or what?  What is this amorphous crypto bullshit that you are referring to?  Do you believe crypto and bitcoin are the same?  If you are wanting to talk about bitcoin, then why not just say bitcoin?  Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.

[edited out]

I see where you’re going with this and you’re absolutely right, I was also referring to Bitcoin thanks for the notice I’ll be careful with my wordings next time to avoid any confusion of any sort.

Hopefully, you can figure out how to communicate better and not say retarded things while perhaps trying to sound smart.  Just because others (perhaps even smart people) talk about "crypto" and don't specify exactly what they mean by such dumbass vague term, that surely does not make it acceptable to do the same.  Now if you actually specify what you mean, then the problem is less egregious, even though in this thread, there seems less need to even mention various shitcoins unless maybe you are wanting to say something negative about them or some how some shitcoin relates to this topic.. but many of us here already know that any kind of potential positive talk about shitcoins tends to be a slippery slope that may not have any way to recover, so it is likely better to just avoid any kind of feeling of a need to talk about any shitcoins.

You are correct sir the best thing to do is to avoid shitcoins, Many people fail to understand the characteristics of Bitcoin or do not look at it at all, after hearing about Bitcoin they just rush to make such investment. That is what I consider misconception, you also misunderstood the meaning and orientation of Bitcoin that is what lead you to such mistake and sorry for that experience. That wasn't the intention for you to know about the success of others in Bitcoin.
You know, shitcoins are considered to be shit because it does not have a clear vision on what to really impact or offer, this shitcoins are ideals of individuals who on the cost of looking for what to create they have to build an invention on another person's invention.
Looking at most of the shitcoins they do not have a Blockchain technology of their own, they relay on other chains inorder to work. Which means it is not strong enough to make a good progress most other successful coins you see now have their own blocks, the stress of create a Blockchain is what most shitcoins avoid and making it very much useless to some point.(for instance: if I create a coin with out much investment in it, just created it on another platform. What ever happens will be non of my business after all I didn't put in my money so I have nothing to loss ) that is a typical language of shitcoins developer.

[bhadz]

At this point I want to provide some news about bitcoin recently, I saw a lot of positive news that I read on X.

FORBES: Chamath Palihapitiya has predicted Bitcoin could "completely replace gold" as countries adopt it—potentially pushing it's market capitalization toward gold's $15.7 trillion.

Source: https://twitter.com/BitcoinNewsCom/status/1797629898099654674?t=AFlIS88hLCgsGce6kz8ttg&s=19

Chamath is a known Bitcoin bull but I don't think that replacement of gold as a prediction does makes sense because everyone is still into gold. And we're still on that phase of growing. Maybe not now but soon the change of gold standard won't happen as most countries are still into it. Anyway, what I'd like to see is when Bitcoin hits that $15 trillion market cap, that will be one of the sweetest days ever! Bitcoin needs to be like 13x-14x more to reach that.

So, I predict that in the future Bitcoin will surpass gold in the category of people's preferred asset for investing.

That day will come and preference of people will change but we don't know when or maybe when Bitcoin reaches $100k or more.

[Tmoonz]

Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.

I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.

So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.

This just remember me of something I learnt about rules. I guess I heard it in a movie.

There are so many rules here,
Some are written,
While others are not,
You learn those that are written by reading,
And learn those that are not written when you break them.


I think when we go through the internet inorder to search for Bitcoin investment strategies or information, we sometimes see so many related concepts that talks about the same thing without adding something new. But the purpose of having such discussion on this thread enables new and old investors to foresee the none written investment strategies that we might not find elsewhere, as most people who share this things might have had personal experience with them. So most times, I just prefer reading through people's opinion to learn rather than add what they already know.

Rules are guidelines and if followed properly one would not make mistake that will affect him in life. In investment generally and Bitcoin investment specifically i can relate the strategy to be one of the rules. Many people dont see the importance of following a well structured strategy to achieve their goal. They might know a lot of strategy but there is the saying that 'jack of all trade but master of none'

An investor who tries several investment strategy along a goal path is bound to fail or experience difficulties along the line. There is great importance of strictly adhering to one strategy during a target goal. Although it is in our hands to decide which we would rather use, and at the end of the day we would take responsibility of our decisions.

You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.

For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

In as much as we are not discussing selling in this thread two years is not good enough for anyone to sell his or her investment if the plan is to hold for a longer period of time, considering selling your investment from a long term plan  your investment should at least be to stay up to  4 years (one halving event) where Bitcoin usually make an AtH after or before  the halving where you will  ensure to have a reasonable size of Bitcoin. Buying Bitcoin when there is dip should only be seen as an opportunity of buying more quantity of Bitcoin with a lesser amount of money as when compared with buying from it previous high, buying the dip is best when consider as a secondary strategy when you are already in the market with your DCA strategy, the DCA strategy allows you to be in the market on time without any form of time the market such that it will be a total waste of time selling your investment in order to rebuy or buy back at the dip when there are no guarantee or certainty of getting your rang of dip, selling your investment to rebuy in the dip might keep you waiting for too long before entering the market and you might sell and buy back at a price higher than your selling point as Bitcoin might go up and never come back to a certain dip. The concepts of the this thread basically is on various strategies of maximizing opportunities of accumulating Bitcoin up to a reasonable amount and hodl for a longer period of time of about 4 to 10 years or even more where you can probably have the compounded value of your investment and not some buying and selling to buy back within a period of two years. It is better you become consistent with your dca comfortably and make other preparations of buying the dip without selling your investment.

[avp2306]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

You sound mixed up Briankimp1.  Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar.  We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.

Yeah much really better for people to think about that crypto is separate to bitcoin when they call it, since this will just create confusion to a lot of people especially for newbies and it will just benefit those scam coins since they might get dragged on the fame of bitcoin. Then those newbies would might have a bad thinking that those shitcoins would became successful as bitcoin since they would think that this is just the same crypto.

So much really better to stop calling bitcoin as crypto so we can address it properly. To many scams are trying to associate or use the name of bitcoin just to attract newbies that's why we should not confuse people about it and we really need to stop giving wrong impression that those shitcoin is crypto which is similar on what they call on bitcoin since there's huge difference about it.

[Mayor of ogba]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

many people has already had the clear understanding of this but the thing is that they do things on their own so I believe that whoever that we want to learn we will learn and understand the procedures of investing in cryptocurrency mostly in Bitcoin, the people who actually invest for short-term investment there are people who is curious to at least make them dollar difference from their investment so those people they are only concentrating for benefiting at that moment and then the profit they need is a smaller profit not a larger profit so you cannot blame them and the people who is interested to invest and make a profit for cryptocurrency investment politely in Bitcoin will you like to invest a long time so that they will make a mega profit.. beginners have to learn and understand the scenario not to just go into a investment because of they needed your quick money.

I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.
Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.

It seems you don't still understand the difference between Bitcoin and other coin in crypto as you still emphasis on crypto currency. Bitcoin is a potential coin that is more reliable to invest on than other coin in the crypto market so you should be more specific when using the word Crypto currency so that new investors or beginners will understand more of what you are talking about, if it is shitcoins, aitcoins or Bitcoin you mention it rather than generalizing it to crypto currency.

Shitcoins in bearish times tend to fall more than they rise, even though it's only short-term, they won't be strong in the market unless bullish really arrives.
I won't say anything more because I have previously invested in shitcoins with profits and then losses again. This is not strange because the risk in shitcoins is really ready to lose all your money completely.
You invest in bitcoin means you don't need to worry considering this coin is one of the best investments - currently I myself have focused on accumulating bitcoin rather than altcoins or other shitcoins which are full of doubts.
It's not that I won't deny that shitcoins are all bad, once you can analyze the right shitcoins for the short term with 10x it's already better, still the risk behind it is quite high.

Since you will need to analyze shitcoins to decide on the one to invest in, it makes it look more difficult to identify the one to invest in because shitcoins are built on hype and nothing else. I thought you had learned your lessons in shitcoins after you lost your money from them, and you are here saying that some shitcoins are good to invest in. Do you want newbies to be misled into investing in shitcoins so that they can lose their money the way you did? There are threads where shitcoins are discussed; you can go to those threads and share your view about shitcoins. This thread is primarily for the discussion of how to accumulate bitcoin and hold it for the long term, and I will advise you to keep your discussion focused on the aim of this thread so that newbies will not be distracted by their bitcoin accumulation journey.

[Zackz5000]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

many people has already had the clear understanding of this but the thing is that they do things on their own so I believe that whoever that we want to learn we will learn and understand the procedures of investing in cryptocurrency mostly in Bitcoin, the people who actually invest for short-term investment there are people who is curious to at least make them dollar difference from their investment so those people they are only concentrating for benefiting at that moment and then the profit they need is a smaller profit not a larger profit so you cannot blame them and the people who is interested to invest and make a profit for cryptocurrency investment politely in Bitcoin will you like to invest a long time so that they will make a mega profit.. beginners have to learn and understand the scenario not to just go into a investment because of they needed your quick money.

I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.
Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.

It seems you don't still understand the difference between Bitcoin and other coin in crypto as you still emphasis on crypto currency. Bitcoin is a potential coin that is more reliable to invest on than other coin in the crypto market so you should be more specific when using the word Crypto currency so that new investors or beginners will understand more of what you are talking about, if it is shitcoins, aitcoins or Bitcoin you mention it rather than generalizing it to crypto currency.

Shitcoins in bearish times tend to fall more than they rise, even though it's only short-term, they won't be strong in the market unless bullish really arrives.
I won't say anything more because I have previously invested in shitcoins with profits and then losses again. This is not strange because the risk in shitcoins is really ready to lose all your money completely.
You invest in bitcoin means you don't need to worry considering this coin is one of the best investments - currently I myself have focused on accumulating bitcoin rather than altcoins or other shitcoins which are full of doubts.
It's not that I won't deny that shitcoins are all bad, once you can analyze the right shitcoins for the short term with 10x it's already better, still the risk behind it is quite high.

Investing in an unrelaibe coin such as shitcoins and altcoins rather than investing into Bitcoin will only be total waist of resources and time because you will end lossing your money in them because they are not reliable and cant be trusted.

For Bitcoin is the best and reliable coin to invest on as long as your investment plan is to accumulate Bitcoin and HODL for a longer period of time, and besides this is not where we are talking about shitcoins or aitcoins so it won't mislead other newbies to invest in any of those unreliable coins you just mentioned.

[Minor Miner]

[edited out]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

You sound mixed up Briankimp1.  Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar.  We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.

Yeah much really better for people to think about that crypto is separate to bitcoin when they call it, since this will just create confusion to a lot of people especially for newbies and it will just benefit those scam coins since they might get dragged on the fame of bitcoin. Then those newbies would might have a bad thinking that those shitcoins would became successful as bitcoin since they would think that this is just the same crypto.

So much really better to stop calling bitcoin as crypto so we can address it properly. To many scams are trying to associate or use the name of bitcoin just to attract newbies that's why we should not confuse people about it and we really need to stop giving wrong impression that those shitcoin is crypto which is similar on what they call on bitcoin since there's huge difference about it.

Even if we completely separate bitcoin from the cryptocurrency ecosystem and bitcoin becomes independent, will that stop people from thinking bitcoin is a scam? The misunderstanding that bitcoin is a scam arose before the altcoin market was created. I remember in 2013 and 2014, the market still did not have many altcoins and only ETH, but instead there were Ponzi projects, HYIPs...using bitcoin as a payment method. And at that time many people called bitcoin a scam and bitcoin's reputation became worse and worse as more and more shitcoins were created.
Obviously, the main cause of this misunderstanding comes from people's ignorance. In my opinion, the only way to completely resolve this misunderstanding is knowledge, we just need to spend time propagating and educating so that people have the right understanding about bitcoin, shitcoin, crypto...that misunderstanding will be completely eliminated. Because as long as scammers continue to use bitcoin for their behavior, misunderstandings will continue to occur. But if people had complete knowledge and awareness about bitcoin then everything would be resolved and no one would call bitcoin a scam.

[Ruttoshi]

Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.

I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.

So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.

This just remember me of something I learnt about rules. I guess I heard it in a movie.

There are so many rules here,
Some are written,
While others are not,
You learn those that are written by reading,
And learn those that are not written when you break them.


I think when we go through the internet inorder to search for Bitcoin investment strategies or information, we sometimes see so many related concepts that talks about the same thing without adding something new. But the purpose of having such discussion on this thread enables new and old investors to foresee the none written investment strategies that we might not find elsewhere, as most people who share this things might have had personal experience with them. So most times, I just prefer reading through people's opinion to learn rather than add what they already know.

Rules are guidelines and if followed properly one would not make mistake that will affect him in life. In investment generally and Bitcoin investment specifically i can relate the strategy to be one of the rules. Many people dont see the importance of following a well structured strategy to achieve their goal. They might know a lot of strategy but there is the saying that 'jack of all trade but master of none'

An investor who tries several investment strategy along a goal path is bound to fail or experience difficulties along the line. There is great importance of strictly adhering to one strategy during a target goal. Although it is in our hands to decide which we would rather use, and at the end of the day we would take responsibility of our decisions.

You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.

For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

That is a wrong thinking that you can use to increase your bitcoin portfolio by selling and buying back. Bitcoin price movement is unpredictable and that is why, you don't need to sell after two years planning to buy back during the dip. Here are the problems that you will face. If you sell after two years because you have made some profits planning to buy back when bitcoin price dips. What if as you sold, the price never dip below your selling point, it means that you have no bitcoin portfolio at all, which means you are like a new beginner. While waiting for the price to dip, you have killed the purpose of investing in bitcoin which is to grow your bitcoin stash overtime. This is why DCA is more recommended to enable continue stacking more bitcoin overtime. You have lost focus on your long-term bitcoin journey, because an unforeseen circumstance can come up that will make you spend part of the funds you got after selling all your bitcoin.

The dip comes like a thief, and when it will come, you might not be able to buy back more than what you have sold. You will also be very slow to reach your bitcoin target compare to when you are just buying without selling to buy back. Why don't you just forget about this your thoughts and continue to build up your bitcoin with regular buying weekly or monthly, because the investor who only focus on buying, will accumulate more bitcoin than you that is selling to buy back, because he is not waiting for the dip to come and bitcoin is the best store of value to put our funds currently. It is not good to sell on your way up. There is time for everything. No one can time the dip and that is where the big picture of gambling comes to play out in your suggestion.

[Samlucky O]

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

Definitely it's a wrong investment approach you don't sell your bitcoin to buy back when it's dip. That is the work of the discretionary income, I know to you it sound smart but I must tell you, bitcoin Investment for a long period of time has its principles that is used to achieve that target. That is why it is often repeated in this thread to always have a discretion or reserved and floats to be able to buy bitcoin when it's dip and also maintain a weekly regular DCA without getting tired. though sometimes your weekly DCA may varies due to your level of discretion and you may decide to increase or decrease when your source of income also changes. Now let me ask you what if you sell all your bitcoin HODLing after 2 years as you said, and wait for bitcoin to dip to your expectations and it didn't? Because I know some folks some years ago have also fell victim of such, by sell their HODLing and expecting btc to fall and it didn't fall emediately rather it increase to a greater high before diping a little. Let me just say during the early part of January 2023, btc was around $20k+ most investors was waiting patiently for it to dip more before buying, but to there greater supprise it surpassed the normal price from there it has grown massively an they lost the opportunity of buying around $20k. So the summary of everything is that we must not procrastinate or sell our HODLing to rebuy, as the opportunity of getting bitcoin at that same price may not Be possible anymore. Though bitcoin price is volatile in the sense that it may even fall below the price you expect to buy and also may not be possible to fall to what you expect, so to sell bitcoin to buy back is not ideal.

[Justbillywitt]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

many people has already had the clear understanding of this but the thing is that they do things on their own so I believe that whoever that we want to learn we will learn and understand the procedures of investing in cryptocurrency mostly in Bitcoin, the people who actually invest for short-term investment there are people who is curious to at least make them dollar difference from their investment so those people they are only concentrating for benefiting at that moment and then the profit they need is a smaller profit not a larger profit so you cannot blame them and the people who is interested to invest and make a profit for cryptocurrency investment politely in Bitcoin will you like to invest a long time so that they will make a mega profit.. beginners have to learn and understand the scenario not to just go into a investment because of they needed your quick money.

I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.
Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.

It seems you don't still understand the difference between Bitcoin and other coin in crypto as you still emphasis on crypto currency. Bitcoin is a potential coin that is more reliable to invest on than other coin in the crypto market so you should be more specific when using the word Crypto currency so that new investors or beginners will understand more of what you are talking about, if it is shitcoins, aitcoins or Bitcoin you mention it rather than generalizing it to crypto currency.

Shitcoins in bearish times tend to fall more than they rise, even though it's only short-term, they won't be strong in the market unless bullish really arrives.
I won't say anything more because I have previously invested in shitcoins with profits and then losses again. This is not strange because the risk in shitcoins is really ready to lose all your money completely.
You invest in bitcoin means you don't need to worry considering this coin is one of the best investments - currently I myself have focused on accumulating bitcoin rather than altcoins or other shitcoins which are full of doubts.
It's not that I won't deny that shitcoins are all bad, once you can analyze the right shitcoins for the short term with 10x it's already better, still the risk behind it is quite high.

My only advice to you is stay away from shitcoins no matter how lucrative and enticing it may appear. I don't care if the shit promises to do x100 I don't care. Those things are mare traps to get you in. When it comes to investing money in shit coins don't do it, but if you get it through airdrops fine, but don't hold it for long with the hope of making huge money from it. Dispose it as soon as it gets listed on exchanges don't be loyal to shitcoins, only bitcoin deserves your loyalty as an investor.

[Kliss]

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

You should remember this, there is risk in any decision you make. Right now it is more risky to be out of Bitcoin than in it. If you sell all your Bitcoin holdings,  just after two years thinking it would DIP from the high it had just made, so you get to buy again  but It kept going up and made several new highs before it took a dip and it might not dip to what you expect to invest on it again. Holding onto your Bitcoin for the long term has its own set of rules and principles to follow. It's crucial to have some discretionary income set aside to take advantage of buying the dip without having to sell your existing holdings. Consistently sticking to a weekly DCA strategy while adjusting it based on your income changes. Selling all your Bitcoin holdings after two years and waiting for the perfect dip can indeed be risky. Timing the market perfectly is a tough game, as we have seen in the past when Bitcoin price surged unexpectedly, leaving some investors waiting on the sidelines. Missing out on buying opportunities at lower prices can happen if you're not careful. It's all about being proactive and not missing out on potential gains by trying to time the market. Holding onto your Bitcoin and staying invested for the long term is often a more reliable strategy than trying to predict short term price movements.

[Roseline492]

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

You are obviously generalizing every other cryptos as Bitcoin which is contracting the point you are trying to make because there is a big difference between cryptos and Bitcoin, so perhaps if you're trying to prove a point you should use the word Bitcoin instead of mixing it with cryptos because when you mention cryptos you are obviously referring to other shitcoins which is not the reason why we are all here, though you seem to be sounded so interested on cryptos so if truly that's what you meant I would suggest you change your investment to Bitcoin because cryptos are not worth investing your money .

[ultrloa]

You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip.

You should remember this, there is risk in any decision you make. Right now it is more risky to be out of Bitcoin than in it. If you sell all your Bitcoin holdings,  just after two years thinking it would DIP from the high it had just made, so you get to buy again  but It kept going up and made several new highs before it took a dip and it might not dip to what you expect to invest on it again. Holding onto your Bitcoin for the long term has its own set of rules and principles to follow. It's crucial to have some discretionary income set aside to take advantage of buying the dip without having to sell your existing holdings. Consistently sticking to a weekly DCA strategy while adjusting it based on your income changes. Selling all your Bitcoin holdings after two years and waiting for the perfect dip can indeed be risky. Timing the market perfectly is a tough game, as we have seen in the past when Bitcoin price surged unexpectedly, leaving some investors waiting on the sidelines. Missing out on buying opportunities at lower prices can happen if you're not careful. It's all about being proactive and not missing out on potential gains by trying to time the market. Holding onto your Bitcoin and staying invested for the long term is often a more reliable strategy than trying to predict short term price movements.

But at least we can do something so that we can handle those possible risk or any issue that we  may encounter a long the way on our investment with bitcoin. If we sell to early then maybe we are just cutting out our chances to earn more since there are more higher potential that we could able to get more profit if we could just able to let it stay on our wallet then accumulate more for more years. But if there's something more important thing  to use and our emergency funds is not enough to cover it up then I guess there's nothing wrong to sell especially if this could help us to solve our current problems. We can start to accumulate again once everything settled and what important thing is we sell when we are in profit since that still serve the purpose on why we hold.

What's really important to consider by people is they apply all methods they learn here and could able to continue their accumulation at whatever cost since they could still earn in future. There's a lot of chance for people to gain so continue to accumulate and do those helpful methods what mentioned here. But people should know that there's nothing wrong for thinking about selling their profits since its up for the person if they are fine with current profit they get and what's more important is there's still a balance left for holding which they can able to use for next round of their long term journey.

[Wind_FURY]

HAPPY NEW BITCOIN ATH DAY!

No, it has not surged to a new ATH yet, but it's going to be today, or perhaps tomorrow?

Plus JayJuanGee, the topic has become yours with the wisdom that you have imparted with plebs and with people who want go learn more about investing like me. Buy the DIP, or DCA are both good as long as the individual HODLs. It's probably better if the topic's title is changed simply to "Buy and HODL!", no?

[Muba20]

HAPPY NEW BITCOIN ATH DAY!

No, it has not surged to a new ATH yet, but it's going to be today, or perhaps tomorrow?

Plus JayJuanGee, the topic has become yours with the wisdom that you have imparted with plebs and with people who want go learn more about investing like me. Buy the DIP, or DCA are both good as long as the individual HODLs. It's probably better if the topic's title is changed simply to "Buy and HODL!", no?

For some Bitcoin holders ATH may not give much profit, but they can gain spiritual strength from the ATH. Everyone who is in this community and Holding Bitcoin is waiting for this day,and can take a strong determination in their goals by seeing ATH. Various strategies can work among the holders of Bitcoin to implement their goals, Bitcoin community will remember in the way JayJuanGee has highlighted the importance of holding. I also have a strong desire for Bitcoin Holding. When I failed to hold bitcoin in 2018. I do not want to repeat my mistake in future and want to make myself as a strong holder.