Certainly, I see a lot of traders coming into the investing space for quick gains etc. I believe what everyone should think of is how to buy on regular basis and avoid unnecessary drama for more benefit keeping our investment healthy for long run. If I’m not mistaking Katherine_Alicia is making use of dca and buying the dip from what I read it’s actually nice if an investor have the available money to invest on regular basis and still keep up with buying the dip, that’s a unique way of growing little investment but, firstly having an extra money to buy during the dip is not actually a force as everyone have their differences and situation, secondly the charts is a personal decision if an investor can successfully watch the charts without being tempted or panic but personally I will advice investors should not show concern when it comes to price movement or should we be talking about charts when investing for the long run? Because I feel it’s not necessary attaching bitcoin chart and investing when there’s nothing common between both.
Yup, I`m doing both the regular (automated) DCA, as well as buying dip when the happen, for instance there was a dip last night UK time and bought some extra even though my next DCA buy isn`t until the 15`th Aug, That`s why I like having a realtime price update on my shelf, I can see the current price as easily as looking at a clock. I agree it`s not for everyone though, some will panic when it goes down, and it`s my job to buy their fear.
I think it`s critical to always have some cash in place for emergencies so that you`re never tempted to dip into your BTC or investments, that cash protects your holdings, and those holdings protect your cash (from inflation), it`s the perfect setup IMO.
That's true the emergency funds are very crucial for successful investment and holding Secondly a source of funds should also be there also. If we focus only on the keeping emergency funds without having a good source of funds, it will come a time when our emergency funds provision will be used up and when that happens our investment will be in danger. Source of funds is the pillar that holds our investment and our emergency funds. If possible multiple sources of income is encouraged.
Emergency fund sources tend to come from your disposable income which is multiple alternative sources.
Your description of "emergency funds" seems a bit off and even misleading, even though you are not really technically wrong, yet I would suggest that emergency funds are not really coming from your disposable income, even though they should have had been built up from your disposable income. So yeah, emergency funds are a kind of building up of disposable income, yet it is likely that in your mind and conceptualization of your emergency funds, they should end up getting tagged as something that has become largely untouchable and are likely somewhat designated for expenses in the event that income dries up or expenses go up. So once your emergency funds are designated as such, they should no longer be discretionary, but instead tagged in order to ONLY be used within limited "emergency" circumstances.
Alternative income arrangements along with investments can make your investment successful in the long run. Suppose you have an emergency fund for 6 months of household expenses and at the same time you continue to accumulate bitcoins it is a positive aspect for you to continue to accumulate bitcoins safely as future DCA management can be much more successful. If you have an emergency fund to cover household expenses for more than 1 year, you can conduct aggressive DCA periodically. Also, it's better to keep Bitcoin growth trend as the amount of cash you have floating around increases.
This part of your post is likely not wrong, but it is a bit strangely outlined, and it seems to me to better consider various kinds of back up cash in the category of emergency funds and reserve funds, and yeah of course there are float funds too, but the main two categories would be emergency funds and reserve funds, so yeah the emergency funds are the amount that you are never going to touch outside of an actual emergency.. so yeah you could have them 3-6 months, perhaps, but the larger that amount is, then the less flexibility that you have with them, so personally, I find it a bit more realistic to attempt to keep some of those back up funds to be considered as reserve funds rather than being so strict as to classify so much value as a kind of "untouchable" category of emergency funds, which seems like it may well end up contributing to way too many restrictions and perhaps even contribute to a lot of folks getting forced into keeping way too much cash on reserves which may well cause them to end up having way too much money in bitcoin and too much capital that is absolutely not working and continuing to lose value.. which is already a BIG part of the plight of poor people to have many difficulties to even have any kind of meaningful investment into anything that might end up being appreciative (or even preserving) of value such as bitcoin rather than having way too fucking much of their actual savings in cash that is ONGOINGLY and inevitably losing value.. so if they have too much in cash they are never going to get ahead or get out of their rut in which the government (their government) is likely ongoingly robbing from them by debasing the value of their cash.
I just have one question please, what is it spelt as HODL instead of HOLD?
HODL is a crypto terms or slangs that means the same thing with hold.
Fuck crypto and shitcoins. We are not talking about shitcoins here, and for sure HODL or HOLD does not apply to shitcoins.. Out of the various crypto that you might be trying to suggest bitcoin to be within such category, HODL (HOLD) only applies to bitcoin since bitcoin remains the only one that has any meaningful expectation of long term value, and that is also part of the reason why DCA ONLY applies to bitcoin too, since shitcoins do not have any expectation of long term value and any shitcoins that you might want to buy or trade or gamble with or consider yourself to be "investing" into need to account for ideas of both when to get in when to get out, and if you are striving to use any shitcoins as long term investments, then hopefully, you are not so dumb as to allow your allocation to be anymore than 10% of the size of your bitcoin holdings, while also hopefully not cheating in terms of the ways that you might continue to buy shitcoins in regards to keeping on allocating to them when they are likely going to ongoingly lose in the long term relative to bitcoin.
In general language the word 'hold' means keeping and it is the same as
HODLbut the spelling is not the same. I heard it was this person that was the first to use that word Hodl but I don't how true is that, and how he thought of changing the spelling to make it sound similar and also means the same. I think he is a smart guy. Read this
. I’m a HODLING That is correct. The term HODL largely sprung out of the mistaken spelling within that thread (and perhaps other bitcoiners making fun of the idea of the misspelling, whether the misspelling had been done on purpose or accidentally out of a supposed drunken stupor... so then the misspelling of HOLD into HODL has become a bit of a folkloric practice that largely took off from exaggerating the contents of the opening post of that thread.
Have you also ask yourself how come Satoshi came up with the knowledge of bitcoin and created it.
Your redirect of some potentially more important areas of inquiry in regards to bitcoin seem like fair questions, even though they are quite BIG ideas that may or may not be necessary to consider in order to consider bitcoin to have a decently strong investment thesis.
.........also be able to rebuild their emergency funds when they are exhausted.
That is a strange concept. Each of us should strive to set up systems in such a way that once we build (or as we are building) our emergency funds, we will never have to tap into such emergency fund.. absent some actual emergency.. and for example, if we already know that we have very unreliable or very erratic income and/or the same with difficult to predict expenses, then likely we are going to need to keep more than just an emergency fund, and we are going to have to keep reserves to deal with our already known unreliable/erratic income/expense issues. Knowing about erratic income/expenses should surely not give anyone a free pass to dip into their emergency funds when no emergency has actually taken place.
Each of us has to figure out these matters, and if we cannot even build up enough back up funds to ensure that we are going to be able to invest into bitcoin for at least 4 years, then that means that we do not have a disposable/discretionary income that would make us a candidate for investing into bitcoin and if we still decide to buy bitcoin with money that we are going to need in less than 4 years, then we are trading/gambling rather than investing into bitcoin.... and surely those are personal choices that anyone is free to exercise their own judgement in regards if they want to trade/gamble with bitcoin in circumstances in which they are do not have sufficient income or cash flow to invest into it.
After we have accumulated the quantity of bitcoin we want to hold, having a good source of funds will help us hold our bitcoin investment until the expected year we intend to sell it because we already have a source of funds that we are using to solve our financial needs, and we will never want to sell our bitcoin in a hurry just to survive.
Most likely buying bitcoin would be an ongoing process for anyone who does not already have lump sums or other investments (or cash on hand) to buy bitcoin right away, and surely there could be some folks who fit into a category in which they are able to lump sum into bitcoin rather than to buy into bitcoin over time, yet I would speculate that those kinds of folks are not even close to as common as the folks who are likely going to buy into their bitcoin position over a decent amount of time, even some folks will spend 4-10 years or more just accumulating bitcoin prior to being able to transition into some other kind of phase of their bitcoin journey, and even once they might come to feel that they are mostly done buying, it seems doubtful to me that they would go straight into selling their BTC rather than engaging in some kind of a maintenance or other ways of managing it which might incorporate some sustainable selling that is based on price and/or based on time.
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HODL is just an acroynm which means, hold on for dear life. Each letters represent a word of it's own.
That is not true.
Yeah, there are some folks who subsequently came up with that dumbass and misleading acronym, but just because some folks came up with that explanation of HODL, it does NOT mean that is what HODL means... including the inference that any of us should agree with that definitions that the accumulation and holding of BTC is as difficult and/or as emotional as that wrong acronym attempts to ascribe to the meaning of holding bitcoin. You can believe such bullshit if you like, but I am not going along with such made up bullshit.
Irrespective of what is happening in the bitcoin market Hodlers are not concerned or bothered by it. People who Hodl are long term investors that doesn't care about what happens with bitcoin prices. they are not just motivated to path ways with it. Hodlers are investors who see what ordinary investors are not seeing.
This part is true.
That's why it is spelt differently from Hold. Anybody can hold bitcoin, but not everyone can hold on for dear life.
This part is dumb and you seem to be making shit up, Justbillywitt, which means that you are largely repeating misleading nonsense and seeming to agree that holding bitcoin is a scary proposition.
On the contrary, I would think that holding fiat should be amongst the most scary of propositions, especially if you don't spend your fiat within a reasonably short period of time, and that is part of the reason that so many folks seem to be becoming more and more scared to hold very much fiat since fiat is ongoingly assured to lose its purchasing power.. especially moreso in recent times and made even more apparent since around March-ish of 2020 and various outrageous ongoing fiat printing times thereafter.
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You are absolutely correct and we all know that every field or discipline has there term or language so this particular word HODL, is a Bitcoin ( crypto) term which means that we shouldn't sell our coin when markets go down or become volatile,
Surely you are repeating Justbillywitt's nonsense and even UPping your own level of nonsense by suggesting that holding applies to both bitcoin and to shitcoins (which is your including dumbass vague concepts such as "crypto" and suggesting that implicitly bitcoin fits into such category.. as if all shitcoins and bitcoin is of a similar category - which is an additional layer of nonsense that you are adding into the mix of nonsense that you already proclaimed by agreeing with Justbillywitt's already existing nonsense).
it can also mean to buy and hold.
For sure there is nothing wrong with buying and holding, as long as you are talking about bitcoin and not convoluting the topic with references to shitcoins - however, you add in such ambiguity and/or vagueness regarding what you are referring to.
I don't know what you mean by hodlers
What is so difficult about this? A "hodler" seems to be a person who HODLs.. No need to really elaborate on the concept, unless we need to discuss what they are HODLing.. In a thread like this, we should be referring to bitcoin, but you seemed to want to bring shitcoins into our discussion of things that you believe that a HODLer would HODL.. which that part would truly end up being the wrong way of thinking about the matter of who is a HODLer.
and I don't think if there's something like that, seeing what ordinary investor can not see doesn't mean what that investors sees is certain and if possible I will like you to emphasis more on what you mean by ordinary investor.
This seems like another area in which you are asking a question that should be fairly easy to answer through basic common sense.. to the extent that anyone might attempt to extrapolate the plain meaning of the words.
Surely, some of us might have our own ideas of what might be the characteristics of an "ordinary investor," yet that opens up a whole rabbithole, and if you are asking that kind of a thing, you may well be attempting to go into the weeds about a point that was not very central to the overall points that were being discussed in regards to the general suggestion of buying and holding bitcoin.
Note: there's no difference between HODL and HOLD they both mean same thing, just that HODL is not an English word but they both is/are talking about keeping something.
Sure. that part is true. They pretty much mean the same thing, but the misspelled one likely would have a kind of purposeful attempt to imply a bitcoin specific context, even though some folks might not know how to differentiate bitcoin from shitcoins, so they might get mislead into the applicability of such misspelled word, and surely HODL has also been used in various shitcoin circles to to mislead normies into ongoing accepting ongoing attempts for the pumpers of shitcoins to continue with their ongoing affinity scams that try to mislead normies into considering bitcoin and shitcoins to be close to the same thing (or close enough to the same thing to mislead normies into erroneously concluding that either can be held).
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HODL word also explained so well here
https://www.investopedia.com/terms/h/hodl.aspThis became a famous word for people in crypto and this is always been said especially if they want people to make people encourage to hold their butts to hold their coins if there is a long dump happening or they just want to invest on bitcoin for long time.
Fuck investopedia. They are wrong about the meaning of HODL. Furthermore, if you are believing that HODL applies to shitcoins in the same way as bitcoin, then you don't seems to be sufficiently understanding of the difference between bitcoin and shitcoins...
But hey whatever, believe what you like in terms of the meaning of HODL and also in terms of where it applies and if you believe that such ideas influence how many shitcoins (or how to actually allocate to shitcoins, if at all) as compared with how you might allocate and treat your bitcoin holdings.
