Buy the DIP, and HODL!

[Felicity_Tide]

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

In as much as you are trying to prove a point here, but I think statements like this are considered to be made by "critics", as described by Andreas ( the author of "The Internet of Money"). Okay let's do a quick questioning here.

• Can you picture the internet fading out in the future?
• Can you picture automobile like (cars, planes, train, etc) fading out in the future?
• Can you picture Houses fading out in the future?.
• Can you picture Technology fading out in the future?
• Can you picture human Clothing fading out in the future?

I can go on, and on, listing all these things. Personally, I can't picture any of these things fading out, as they've come to stay, so why is Bitcoin now an exception?.

You need to understand that there are some innovations that are here to stay. Upgrades and re-modification can be done, but talking about fading is just like those people who Andreas described as critics. I read his book(though not done with it) as a newbie when I joined this forum few weeks back, where he talked about those who never believed that the invention of cars was not going to last long. He talked about so many things, which I will suggest that you also read about when less busy. I think he also talked about how he saw the future impact of the internet, but people didn't believe him.

I can't really say much, but I hope you understand what I am trying to pass across. Bitcoin is here to stay, just as the internet has been able to survive even though it was criticized and there were doubts of it lasting long.

[Mr.suevie]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

Wow, well this is surprising. I understand that Bitcoin future isn't certain but the level to which you are saying it is the one which I would disagree with you, I believe Bitcoin is still at its early stages and we haven't seen anything close to the full potential yet and I can definitely tell you that its actually a good and Wonderful idea to have stacked up some Bitcoin for your children in the future and even your spouse and family if possible because Bitcoin is definitely going to stay a lot longer than you are already perceiving it won't. Just do the basics with investing in Bitcoin which is consistency, patience, positive mindset and also buying the dip whenever you are privilege or just be straight with the DCA strategy and believe me you would be surprised what the future might have installed for you and your holdings.

[Frankolala]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

When discussing whether or not it is permissible to give bitcoin investment savings to children or grandchildren, we must first look at who the investor is, at what age he started accumulating his bitcoins, from the age of 30 years or 40 years or maybe more, and if you look at these factors there is no harm also if there is someone or maybe a parent who invests in bitcoin and gives some or maybe all of the investment to their child, because when it comes to long-term investment in bitcoin by continuing to accumulate, it takes a journey of 5 or 10 or maybe 15 years, depending on the income that can be made. in the investment that the investor has, all forms of investment have risks. We cannot deny this and it is natural that we must be prepared for these risks and it is true that no one knows the future conditions of the market or Bitcoin, but we must be optimistic about the investments we carry out. , and as long as bitcoin has a limit of 21 million and technology still exists in this world, during that time I still believe in bitcoin

Age does not matter when one wants to pass his bitcoin investment to his heir, what matters is the size of bitcoin portfolio that he has. Some early investors started their bitcoin journey early but they invested in a whimpish way that they didn't take it serious and this made them to have a small investment portfolio for a very long time. While some investors did not start early but they were luck to invest aggressively and was able to acquire more bitcoin than some early investors.

If at old age, you have enough Bitcoin that can serve as your pension funds and there will still be enough left over from your calculations, you can pass them on to your heir before death or if you have already planned to accumulate bitcoin for your kids during your accumulation phase, you can hand it over to them at the right time.

If you are old and don't have enough Bitcoin to serve you as pension funds at old age till death, then there will be no bitcoin to pass down to your heir. It is not at what age that you could invest in bitcoin but it is about how aggressive you were during your accumulation phase that will determine the size of your bitcoin at old age because the size of your bitcoin will determine the profit overtime.

[JayJuanGee]

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Could it be that we are getting our information from different sources because the information I have is that most early owners of bitcoin sold when they saw substantial profits. There are many articles suggesting that majority of the early investors have sold most of their bitcoins and I tend to agree with that because I have seen old thread of people here in the forum who had hundreds and thousands of bitcoin but have sold when they saw profit. If you check the discussion in this article, you will agree with what I am saying and don't forget that it was only few people that saw bitcoin beyond a few hundred of dollars.

Those who invested early and are still holding, deserve special respect because they have foresight and are the true believers of bitcoin. I believe more people are holding now because they have truly seen how good it is to hold. Just like you suggested, many people are already seeing bitcoin beyond their generation because it should be one of the best things to hand over to the next generation. Just imagine my dad handed me over a paper containing the seed phrase to a wallet containing 10BTC, he would have eradicated poverty from me, my children and my grandchildren because even if I want to establish business outside bitcoin with part of that, I need just 1BTC to do that which means I can save as much as 70% of the BTC to hand over to my children after building a good house and putting in place other necessary things in place and also establishing a business.

I can see that you are seeming to describe some situations in which some early bitcoiner might have had a lot of coins and then presuming that the fact that they do not have as many coins to be a bad thing, when there are a lot of ways that the shaving off of coins over the years could play out. We can even backtest someone who had a lot of coins, and even if he might have had been fairly aggressively withdrawing coins over the years, such at a rate of 10% per year, he would still be really well off, and perhaps even better off for withdrawing coins along the way.

So for example a guy who might have had started out with accumulating in the ballpark of 1,000 coins towards the beginning of 2012, he might have had paid around $5k or $6k for those 1,000 coins (whether he lump summed in or maybe he bought over several purchases), and maybe he decides that starting in mid-2013, he would withdraw right around 10% of his coins per year - on a monthly basis (twice per month - which would be right around 0.4167% for each withdrawal 24x per year).  In this kind of a scenario, over the last 11 years, he would have had withdrawn right around $7.2 million dollars (669.3 BTC), and he would still have right around 330.7 BTC remaining in his BTC stash size (presuming that he did not buy more BTC over the years, which currently 330.7 BTC is a bit over $22 million in value based on current prices.  You can back test these kinds of numbers here (or input your own numbers): https://bitcoindata.science/withdrawal-strategy?U2FsdGVkX1+iCmHSNWrLm2DpDph5lrzDu/TJtxZp7EJqBvgf/ap85eFc8YfZVrXtSyQxDfMd/+Sh+j9DpOirVw==

In other words, I don't see any problem that the guy in this particular example ended up depleting right around 2/3 of his BTC stash over the past 11 years and extracting a bit over $7 million in value, and so yes now he only has around 1/3 of the quantity of coins that he had when he started in early 2012-ish, and surely it is likely he will never have that many coins again (the starting quantity of 1,000 BTC)....

I would suggest that it would not even be unreasonable for a guy in 2013 to start to conclude that he might have had accumulated enough BTC if had 1,000 BTC and they went from $6k-ish in value and to right around $100k in the middle of 2013 (valued at over $1million in late 2013 and even valued at more than $200k after the down correction of 2014 and 2015), yet at the same time, maybe such hypothetical guy would not want to start to cash out of his BTC so soon, so it could be possible that such guy with 1,000 coins would have had waited one or two years longer or maybe even longer before starting to employ some kind of a cashing out strategy.. .and maybe he would consider valuing his stash based on the 200-WMA rather than based on BTC spot price, even though we frequently gravitate towards the BTC spot price when looking at the value of our BTC stash, which could end up leading us to cashing out too many BTC too soon.. but then maybe buying back too.. which could devolve into trading and gambling, too - depending on the techniques that we might adopt.

Maybe part of my point is that frequently there might be too much emphasis in regards to BTC stashes going way down (being depleted) in quantity over the years, yet if the overall wealth is measured, it remains way more realistic for longer term BTC holders to be cashing out parts of their BTC stashes along the way rather than just sitting on their BTC stashes, especially once they started to reach levels of BTC accumulation (or even appreciation in BTC value) that it makes sense to engage in some reasonable forms of BTC withdrawal practices - whether they choose sustainable methods of withdrawal or not.  ..

Yeah, surely if some BTC holders are practical about their withdrawal practices, it might be a bit dumb and whiny for them to be having regrets about what they could have bought with their bitcoin if they had held it and waited to cash it our later.. blah blah blah..

To me, it seems way better to figure out some kinds of reasonable and sustainable withdrawal practices, and not to whine about the matter - unless  there are surely a lot of folks who end up engaging in BTC selling practices in which they sell way too many coins too soon, but there is no reason to engage in such practices of withdrawing too many BTC too soon in order to still enjoy the fruits of BTC price appreciation by working towards the employment of reasonable and meaningful withdrawal practices that might be based on time and/or prices.

In other words, with bitcoin there have been ways to both have your cake and eat it too, especially if whatever withdrawal system does not devolve into all or nothing kinds of plays that result in having regrets about selling too much too soon and mostly stays weighted towards holding most of the BTC rather than getting overly excited about cashing out large portions of the BTC stash into dollars.. and largely just shaving off along the way and even while potentially the amounts of the shavings had been capable of increasing quite a bit through the years, including 10% per year levels and perhaps even larger kinds of levels depending on how the withdrawals are structured or maybe just making sure that the BTC holder has enough value in the BTC holdings before starting the withdrawal practices... and those withdrawal practices could be structured with a combination of time-based and price-based practices.

I don't like to even make any sort of comparison between the peculiarity of our Bitcoin accumulation journey with earlier HODLers, they hard thier time and while some made the best of the opportunity, others gambled thier holding away and it's just a lesson for us to learn now and use whatever strategy that suite us to accumulate Bitcoin.

Yep.

A variety of strategies in terms of both accumulating bitcoin and then once we might reach some BTC accumulation goals, we might well not be relieved of how to consider and to employ some kind of maintenance strategy that makes sense, that would not contribute to our selling too many BTC too soon.  We don't need to be greedy in order to think about and put into some practice a kind of maintenance and or withdrawal strategy that is reasonable.

[sotelorene]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

Nobody is sure of the future but this your line of thought makes me see you like a bitcoin critic and your statement seems a little like fud. It also make me feel you have not really come to terms with the fact that bitcoin have come to stay. If you must do well as a bitcoin investor, you must grow above the doubt of bitcoin failing like those critics do. This way, you will be confident that you are investing in a solid ground that will yield good profits.

There is nothing that does not fail. Stocks fail, you can buy property and tomorrow natural disaster can wash it away or government policy can mess your investment up. Sincerely, bitcoin have proven to be one of the safest investment instrument of all time. Neither inflation, nor government policy can spoil your investment, so where is the risk? The only risk I see in bitcoin is when you are in a hurry to sell, this way you can sell during retracement and incur losses.

Finally, I disagree with you that bitcoin is not good be given to our children. Bitcoin should be one of the best gifts you can give your children as it gives you the opportunity to grow the wealth gradually without stress. The asset is liquid that your children can immediately access it unlike other asset classes that they have to fill many papers. If you are not thinking towards saving for your children, I will advice you to start now and see how happy you will become doing that.

I also think one of the risk is your seed phrase it has to be kept save and secured before and after your investment so that your investment can not be tampered without your consent  and don't also forget where you store them else you will or may lose everything. I don't know why people panic or bother themselves when Bitcoin dip I mean that's one of its behavior and it will definitely take an uptrend with time.

In as much as Bitcoin is very nice investment that doesn't mean you should force or ask someone to do it, I mean partaking in Bitcoin should be a choice not something we should bid one to do perhaps the best thing is letting them know about Bitcoin (awareness) and allow them to decide if they want to do it or not after all it's not everyone that is surviving with Bitcoin but on the other hand I don't think there's someone you will tell about Bitcoin that won't be interested to join unless the person doesn't know what Bitcoin is.

[ginsan]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

Every investor has a willingness to hold for a long time and they are people who are ready to lose.

Therefore, my advice is to use money to invest in bitcoin that you don't need for your living needs.

So that way you can target a time period for investing in Bitcoin such as 10 years or 30 years.

So just buy and don't think anything strange about the future, you have to think about every decision before you decide. So I don't like any risk because I am ready to lose in long-term investment planning.

[SOKO-DEKE]

 if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.

As for long-term Bitcoin holders, I don't expect them to be panicking about the price of Bitcoin after they have understood the basics of Bitcoin. I don't really see why someone should panic about their Bitcoin investment when the history of Bitcoin has already shown that Bitcoin holders have great opportunities to make more profit from Bitcoin. So, for anybody who wants to enjoy their Bitcoin investment and make reasonable profits, they should have a mindset of holding Bitcoin for the long term. The easiest way to accumulate Bitcoin without much worry about the price is by using the DCA (Dollar Cost Averaging) method, which involves buying on a regular basis.

[DaNNy001]

 if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.

As for long-term Bitcoin holders, I don't expect them to be panicking about the price of Bitcoin after they have understood the basics of Bitcoin. I don't really see why someone should panic about their Bitcoin investment when the history of Bitcoin has already shown that Bitcoin holders have great opportunities to make more profit from Bitcoin. So, for anybody who wants to enjoy their Bitcoin investment and make reasonable profits, they should have a mindset of holding Bitcoin for the long term. The easiest way to accumulate Bitcoin without much worry about the price is by using the DCA (Dollar Cost Averaging) method, which involves buying on a regular basis.

No matter how you see this, there are still some people who don't have this confidence in the price of Bitcoin and that's because not everyone is your long term holders some Bitcoin investor are just after their little profits of which is very risky. Panicking when the price drops is a actually a sign of not knowing the true value and worth of Bitcoin. The same panic that is done with the amateur holders the experts and determine investor see as a window of opportunities to actually buy when the price is up.

[Kliss]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

Investing in Bitcoin is not risk free especially to investors who do not  invest appropriately with the right approach and strategy,  and also not sticking to their investment plans (long-term). What makes Bitcoin to be risky is because its volatile in nature meaning the price fluctuates, some investors might struggle to keep up to a long term strategy when faced with FOMO (Fear Of Missing Out) or sudden changes in the market  this can trigger emotional response causing some investors to take quick decision of selling at loss without reaching a profitable target. It's only investors who develop a disciplined approach and habit to their investment  can go through the risk and make good rewards and profits.

Investors should discipline their emotions not to take impulsive and unnecessary decisions that will result in loss due to the volatile nature of bitcoin. Having a long term perspective (HODLing bitcoin),helps in going through fluctuations, by focusing on your long-term strategy and not being emotional to market situation. With this kind of mindset investors can benefit from investing in bitcoin.

[Roseline492]

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day,

Your psychology about Bitcoin investment seem a bit low actually because I wonder why you would feel that investing in Bitcoin for the future of our children is wrong, actually with your statement shows that you don't really understand Bitcoin too well because if you believe on the potential of Bitcoin you will see from other people's perspective, however contrary to your believe on Bitcoin so many people who are investing and holding may not actually be for there own consumption but they are actually investing on Bitcoin for the future of there children so that when the time comes they would have something to build up with, so if I may ask are you saying that those that invested on Bitcoin for the future of there children made a wrong decision?.

[Marvelockg]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

you can't completely talk about investment without mentioning Risk. Risk is part of an investment variable but it's just that some investment choices and approaches are less risky as opposed to others. Although we're all positive about the future of Bitcoin which is the reason why we are investing for the long term, we're not blind to the fact that anything can happen in the future. For as much as I know, Bitcoin isn't too strong to the point we can assume that it's immuned to uncertainty but that's just same with everything that's in this world. When you talk about risk in the context of Bitcoin Investments it's not a source of deterent to your Bitcoin accumilation but just a variable to be considered while deciding the amount you're to use for your DCA such that it only occupy a smaller percentage of your total earning.

Every investor has a willingness to hold for a long time and they are people who are ready to lose.

Therefore, my advice is to use money to invest in bitcoin that you don't need for your living needs.

while it's advisable to invest an amount you can afford to loose, I doubt that the primary intention of an average investor is to loose the amount he invest in Bitcoin. Profit and loss are part of every investment decision journey and while you don't you're hoping for the best you're also expecting a worse case scenario but what could even be the worse case scenario for Bitcoin? Is it that if you started buying at this price it will just go down to zero? That at the moment is almost at the stage of impossibility.  It's mostly short term holders that gives themselves a fix time before taking out there investment that will be worried of looses, long term holders that are ready to keep HODling even when there is correction in the market untill it bounces back won't witness any form of loss.

So I don't like any risk because I am ready to lose in long-term investment planning.

lol! Doesn't the statement that you're ready to lose shows that you're still talking about the risk associated with Bitcoin investments? If you're investing for the long term the chances of experiencing a loss in your investment is too minimal so You've got no reason to panic or talk about losing shit.

[Btcdeybodi]

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

I just see you just have a very timid understanding about Bitcoin because I don't know what other result you wish to see for you to be convinced that Bitcoin is here to stay. Have you ever thought about the volatility of Bitcoin? It's price history? Even if Bitcoin haven't gotten to the level of Fiat yet but you need to understand that Bitcoin is an asset that will soon conquer Fiat that's the reason why most people are rushing to invest in Bitcoin now because a lot of people that had the privilege to invest in the past where also doubting if it could stand the test of time because they were thinking it was some kind of scam project, reflecting from when Bitcoin was invented till now it has recorded significant growth that has cleared the doubt of so many people so I don't know any other form of conviction that will make you to have confidence in Bitcoin.

Saying that Bitcoin blockchain will fade away some day is just some kind of wishful thinking and saying that bitcoin investment is risky, what other form of investment that doesn't involve risk? and since you are saying we shouldn't put all our efforts in one basket what other coin do you want us to invest in? Inasmuch as am concerned I can never consider any other coin apart from Bitcoin because I trust the process of Bitcoin and I have faith that this is a coin that was invented to liberate mankind and enable everyone who will harken to buying and hodling for a long time become rich and comfortable in life, what else do we need in life if not comfort? Bitcoin is the comfort we all desire.

[Odohu]

As for long-term Bitcoin holders, I don't expect them to be panicking about the price of Bitcoin after they have understood the basics of Bitcoin. I don't really see why someone should panic about their Bitcoin investment when the history of Bitcoin has already shown that Bitcoin holders have great opportunities to make more profit from Bitcoin. So, for anybody who wants to enjoy their Bitcoin investment and make reasonable profits, they should have a mindset of holding Bitcoin for the long term. The easiest way to accumulate Bitcoin without much worry about the price is by using the DCA (Dollar Cost Averaging) method, which involves buying on a regular basis.

No matter how you see this, there are still some people who don't have this confidence in the price of Bitcoin and that's because not everyone is your long term holders some Bitcoin investor are just after their little profits of which is very risky.

The people you are mistaken for investors are actually traders that buy to sell when they see profit. That is not investment if we need to set the record straight in line with what we are discussing here. Investors are those who buy and hold for long and calling traders investors might be confusing to people and make them think that trading is just another form of investing in Bitcoin but in reality it isn't.

Panicking when the price drops is a actually a sign of not knowing the true value and worth of Bitcoin. The same panic that is done with the amateur holders the experts and determine investor see as a window of opportunities to actually buy when the price is up.

In addition to all you have stated, panicking can also be a sign of not going about the investment the proper way. You can trust Bitcoin and have strong faith in it hence invest what he cannot afford to hold for a long time. Consequently, any drop is price usually will set you on panic mode and it will surprise you how much you will be worried psychologically.

[Zackz5000]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

It seems you are confusing your self here there is no different between long term and future so saying that Bitcoin is not what we should invest for our children in future can be wrong, one thing you should know about Bitcoin is that Bitcoin has been tested and trusted so I don't think it is something that will fade up as you have said for Bitcoin is not like other coins like shitcoins, for Bitcoin has great potentials in it that has made investors to always invest in it for a long time purpose.

And also when using the word cryptocurrency you should try and be specific so that some one reading will know the exact coin you are talking about because the word cryptocurrency comprises of many coin so if it Bitcoin you specify it, if it is also shitcoins you specify it so you won't get some newbies or new investors here confused.

One thing you should also know is that Bitcoin has come to stay.

[Tmoonz]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

I consider your narratives to be a some worth way of passing out negative information about Bitcoin, and it can be misleading, no doubt there is risk in every investment generally but Bitcoin is not as risky as most people talked about it as when compared with other coins and it doesn't make sense to me since you are kind of making comparisons between Bitcoin and other coins, one of the mistakes some people makes is ever considering Bitcoin sharing the same principle of operations and functionality, whereas Bitcoin performance is what determines the performance of other coins. Taking about volatility, it is an inherent trait of Bitcoin such that the moving up and down is even what makes it interesting, have you ever consider if the price only goes up and doesn't come down? Volatility is no longer a problem to a long term investment but rather taken advantage of every market condition is the priority in other not to miss any buying opportunities, when the price comes down you buy and when it is high you buy too the DCA allows you to do that in order to have or increasing your Bitcoin quantity.

it will be better you talk more about the potential coin Bitcoin that you know than talking about what you don't know.

[Justbillywitt]

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

I must confess that this is one of the dumb advise I have heard in years. I can't believe that in 2024 someone is still thinking this way. Don't do something that your children will grow up and start asking you questions about it. Just imagine that 30 years from now your children asking you this question, that were where you in 2024 when people were investing in bitcoin. I hope you will be proud enough to tell them you didn't invest in bitcoin because you read from somewhere that bitcoin isn't going to stand the taste of time, that it will fade away. Let me ask you one question the person that made the post you claimed to have read, is the person the inventor of bitcoin? Or was it the person that wrote bitcoin whitepaper?

This is exactly how early adopters sold off their bitcoin for peanuts and Pizzas because they listened to critics who couldn't see beyond yesterday, now those who listened to such talks back then are regretting it and they will forever do. It will be two decades soon since bitcoin was invented and it is yet to fade and I bet you that it won't. Don't do something you will regret in years to come, if you think I'm lying go ask those that sold between 2009 to 2012. They once believed that bitcoin will fail before 2024 but it turned out that they were the biggest losers. Don't be like them!!

[Obim34]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

Every investor has a willingness to hold for a long time and they are people who are ready to lose.

Therefore, my advice is to use money to invest in bitcoin that you don't need for your living needs.

So that way you can target a time period for investing in Bitcoin such as 10 years or 30 years.

So just buy and don't think anything strange about the future, you have to think about every decision before you decide. So I don't like any risk because I am ready to lose in long-term investment planning.

There should be nothing to lengthen here because it all ends up at the probability of anything could happen which is a part of risk. We often say invest in Bitcoin what we can afford to risk because that amount to be invested is worth a value and no matter how we play it, we never get happy losing that particular money, especially for those who must have strategically DCA their way into building a strong portfolio.

It summarizes into same context, investing decently and understanding that living should not rely on that amount being added to the portfolio.

[Felicity_Tide]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

Every investor has a willingness to hold for a long time and they are people who are ready to lose.

So that way you can target a time period for investing in Bitcoin such as 10 years or 30 years.

Your take on this is on point, but I have some contributions that might oppose a little.

I don't really buy that idea of getting ready to lose. The statement sounds a little bit negative for a new investor who has picked interest in Bitcoin investment. To me, getting ready to lose sounds as if it's a general thing that is common among all Bitcoin investor to lose at some point. I prefer to tell investors to learn how to handle their emotions, so that they won't lose interest along the line. Handling your emotions allow (teaches) you to stay focus with your accumulation (especially when price of Bitcoin isn't doing well at that moment). Of course, the risk is always there, not just in Bitcoin, but other assets that are worth investing on. Remember, your emotion have a very big role to play.

We need to understand that Bitcoin investment (long term) is a sure thing that would definitely guarantee good rewards after the required number of investment years (assuming 8-10years). We've all witnessed the growth of Bitcoin for sometime. Even if you joined the Bitcoin community this year, I am sure you also witnessed a good price growth in a space of months, after the ETF approval. If I remembered correctly, Bitcoin at $40K was quite an interesting amount that we were all glamoring for at the beginning of this years, but today, we can't even imagine or picture Bitcoin dropping back to as low as $40K. This is the growth am talking about. 8-10years would definitely yield a good result for anyone who accumulate well. This is clearly unlike traders that I can say: are very vulnerable to making losses.

Therefore, my advice is to use money to invest in bitcoin that you don't need for your living needs.

Well, this is another point here, but I will have to make contribution to this next.

[ginsan]

Previously I said think about what you decide, that way you will have a strong mentality to face anything in bitcoin investment. People misunderstand and they are sucked in by fud, so don't fall for the talk that says bad things about Bitcoin.

I have observed that Bitcoin is very strong with a market cap that continues to grow, so from here you have to think that every day or every quarter new people continue to join Bitcoin in the sense that they trust Bitcoin more than others.

For that reason, don't misunderstand me because I said think before making a decision. So, that way, long-term planning will run more smoothly without any burden on your mind. Just keep buying and holding, especially since Trump supports Bitcoin, which is the first step for us to see Bitcoin reach $100k.

[JayJuanGee]

And many people mention the word risk here, aren't we ready to lose?  So why else use the word risk?

Investing in Bitcoin is not risk free especially to investors who do not  invest appropriately with the right approach and strategy,  and also not sticking to their investment plans (long-term). What makes Bitcoin to be risky is because its volatile in nature meaning the price fluctuates, some investors might struggle to keep up to a long term strategy when faced with FOMO (Fear Of Missing Out) or sudden changes in the market  this can trigger emotional response causing some investors to take quick decision of selling at loss without reaching a profitable target. It's only investors who develop a disciplined approach and habit to their investment  can go through the risk and make good rewards and profits.

Investors should discipline their emotions not to take impulsive and unnecessary decisions that will result in loss due to the volatile nature of bitcoin. Having a long term perspective (HODLing bitcoin),helps in going through fluctuations, by focusing on your long-term strategy and not being emotional to market situation. With this kind of mindset investors can benefit from investing in bitcoin.

Position size is part of the solution to perceptions of risk (and even emotions that might end up coming into play), and surely since bitcoin remains a moving target (highly volatile relative to other goods and currencies), questions of position size (and even assessments about what to do about position size) will likely end up changing with the passage of time, so there may well need to be assessments and reassessments with the passage of time to figure out ways to confirm ongoing comfort with position size, and several of these emotional responses are individualized to such an extent that it may well be difficult to figure how much weight anyone might give to the various individualized factors (largely referring to the 9 mentioned in this post) as they change through time since the initial approach to bitcoin accumulation, maintenance or liquidation might end up changing with the passage of time.

Previously I said think about what you decide, that way you will have a strong mentality to face anything in bitcoin investment. People misunderstand and they are sucked in by fud, so don't fall for the talk that says bad things about Bitcoin.

I have observed that Bitcoin is very strong with a market cap that continues to grow, so from here you have to think that every day or every quarter new people continue to join Bitcoin in the sense that they trust Bitcoin more than others.

For that reason, don't misunderstand me because I said think before making a decision. So, that way, long-term planning will run more smoothly without any burden on your mind. Just keep buying and holding, especially since Trump supports Bitcoin, which is the first step for us to see Bitcoin reach $100k.

I would be careful if you are expecting bitcoin's performance or long-term viability is connected with politics.

Sure, there can be some advantages in terms of having politicians seeming to be on the side of bitcoin rather than fighting against it, but any of us might also get mislead if we start to place too much faith in politicians and/or various regulatory outcomes.. whether we are referring to the USA or to El Salvador or any other country.  Sure it is nice that some governments (or some politicians) are not fighting against bitcoin, yet bitcoin surely is not dependent upon politicians and regulations and there might even be some conflicts of interest or even some ways in which politicians and/or regulations that appear to be aligned with bitcoin are not aligned with bitcoin.. which surely many of us even have trouble agreeing upon what is bitcoin or what are the various purposes (and/or utility aspects) of bitcoin,

....so how would we necessarily expect that either politicians or the various regulation that they might propose or support would necessarily be aligned with what might be good for bitcoin, including good for regular and normal people rather than some of the interests that might be pumping certain agendas that may or may not line up well with interests of normal people.. aka normies... including but not limited to self-sovereignty and empowerment that may not even be the same as number go up, which even number go up helps incumbent bitcoiners, but might not be in the interest of good people who happen to be no coiners, low coiners and/or pre-coiners (and might not even know or appreciate that they are precoiners)... in other words, careful hitching your wagon too much to any politician and/or regulatory stance that may well be ambiguous and potentially in conflict with some of bitcoin's already existing qualities.