Buy the DIP, and HODL!

[Frankolala]

This is the only simple introduction easy way for any investor to follow the DCA method in Bitcoin to get more benefits and keep the money safe. Because if they can hold Bitcoin in the right way that will be the key to their success, because every investor will be successful in the current dip in the market. But only long-term investment success is at its peak, if you observe, you can see that big investors from past times are relying on DCA method till now. And they are successful and made mountains of money just by investing in 10 to 12 years DCO method, I have seen on social media many people depend on DCA method and become self-sufficient.

DCA method is always the best method to invest, DCA is the best strategy to accumulate bitcoins slowly without worrying about the market ups and downs. Everyone can become self-sufficient by using DCA method, others have made mountains of money by investing in 10 to 12 years DCA method and become self-sustainable, you also start, take a target that you will do DCA for at least 8 years, you are patient without looking at the market price Suppose, invest regularly and after 8 years, compare the position then with the current position, you will see a stark difference.

DCA method is good for beginners to accumulate bitcoin constantly overtime as long as they don't stop but keep their DCA running. However, if the investor is able to supplement his ongoing DCA with lump sum from time to time whenever extra cash comes in which he did not expect.

Also one of the reason why reserve funds is important is to enable the investor have funds available when the dip comes for him to take advantage of the dip and stack more bitcoin in a cheap price to his bitcoin portfolio. Using the three methods will help boost your bitcoin portfolio to a great height compared to using only DCA.

[ginsan]

Since you are asserting that you are living a very simple life and even implying that your discretionary income is not very great, then it may well take you way longer than 10 years to reach a status in which you might be in a good position to start to withdraw from your bitcoin, yet at the same time, you should be able to improve the quality of your life because you have been investing into bitcoin and so the larger your bitcoin stash grows, the more options you should start to feel that you have.

We know that frequently people invest quite consistently and dedicatedly into traditional investments for 30-40 years or more and they might not end up making it to fuck you status, but they may well still be able to benefit by having had built up their life-long savings and investment.  Even if bitcoin does not allow you get to fuck you status in a shorter period of time, it seems that there are decently great odds that you could end up getting a lot further in regards to your own personal well-being, since bitcoin is not designed to rob from you, as many times takes place with the life-long investments that might have had been carried out through traditional investments.

Bitcoin also seems to best be considered as a life-long investment, so surely you are the ONLY one who can determine the approximate place that you would like to get in order to potentially transition to some other ways of dealing with your bitcoin, which even stopping or slowing down accumulation can bring empowerment, but also there maybe be various kinds of sustainable withdrawal or just having bitcoin in the background that may well end up putting you in a much better place due to your having had invested into bitcoin as compared what your situation would have had been if you had not invested into bitcoin.

I will prioritize the first 10 years in planning investment in bitcoin and if it goes smoothly without any obstacles or mistakes then I will decide one decision after I reach the 10 year target. That decision could be that I will continue to accumulate for an additional 5 years or I will take the opportunity to get something that I have dreamed of so far.

It is true, Mr. JJG, that people's lives are different, some have abundant wealth from their parents' inheritance or those who live simply. So for that I want to change the course of my life by investing in bitcoin, which previously I routinely bought Gold but in the past two years I have switched to Bitcoin. Of course there are many hopes that I dream of but it is impossible for me to describe them all here.

Of course increasing BTC ownership will remain my priority every week, I don't care what people say and I will not be shaken in my stance to continue holding Bitcoin. I also learned a lot from you, especially in this Thread with DCA or your way of conveying it and that will be very useful for us.

Usually people who target investing in bitcoin for life are of course people who live in luxury without anything else they want, I mean without selling their BTC ownership they have other money to buy luxury goods, be it a private plane or a luxury car or a luxury house.

[JayJuanGee]

Since you are asserting that you are living a very simple life and even implying that your discretionary income is not very great, then it may well take you way longer than 10 years to reach a status in which you might be in a good position to start to withdraw from your bitcoin, yet at the same time, you should be able to improve the quality of your life because you have been investing into bitcoin and so the larger your bitcoin stash grows, the more options you should start to feel that you have.

We know that frequently people invest quite consistently and dedicatedly into traditional investments for 30-40 years or more and they might not end up making it to fuck you status, but they may well still be able to benefit by having had built up their life-long savings and investment.  Even if bitcoin does not allow you get to fuck you status in a shorter period of time, it seems that there are decently great odds that you could end up getting a lot further in regards to your own personal well-being, since bitcoin is not designed to rob from you, as many times takes place with the life-long investments that might have had been carried out through traditional investments.

Bitcoin also seems to best be considered as a life-long investment, so surely you are the ONLY one who can determine the approximate place that you would like to get in order to potentially transition to some other ways of dealing with your bitcoin, which even stopping or slowing down accumulation can bring empowerment, but also there maybe be various kinds of sustainable withdrawal or just having bitcoin in the background that may well end up putting you in a much better place due to your having had invested into bitcoin as compared what your situation would have had been if you had not invested into bitcoin.

I will prioritize the first 10 years in planning investment in bitcoin and if it goes smoothly without any obstacles or mistakes then I will decide one decision after I reach the 10 year target. That decision could be that I will continue to accumulate for an additional 5 years or I will take the opportunity to get something that I have dreamed of so far.

It is true, Mr. JJG, that people's lives are different, some have abundant wealth from their parents' inheritance or those who live simply. So for that I want to change the course of my life by investing in bitcoin, which previously I routinely bought Gold but in the past two years I have switched to Bitcoin. Of course there are many hopes that I dream of but it is impossible for me to describe them all here.

Of course increasing BTC ownership will remain my priority every week, I don't care what people say and I will not be shaken in my stance to continue holding Bitcoin. I also learned a lot from you, especially in this Thread with DCA or your way of conveying it and that will be very useful for us.

Usually people who target investing in bitcoin for life are of course people who live in luxury without anything else they want, I mean without selling their BTC ownership they have other money to buy luxury goods, be it a private plane or a luxury car or a luxury house.

Those all sound like good ideas, especially in terms of having some timeline goals, but then keeping some back up timelines in mind, so it sounds like you are weighing various possible scenarios and have a sufficient amount of flexibility in your thinking about how you might have to reassess along the way at various points.

Surely people with more discretionary income or even who had come from higher levels of wealth have more resources in front of them, yet there are degrees of wealth too, and so some of those folks with wealth are still not allocating to bitcoin and/or do not have a sufficient and adequate bitcoin accumulation plan, so any of us can imagine scenarios in which those who are planning, preparing and acting in regards to their bitcoin accumulation plans are going to end up passing up folks who were not making and/or acting upon such bitcoin accumulation plans.  For sure there are already examples and ongoingly new examples of the more poor folks who have been able to either make progress in narrowing the gap and/or potentially financially passing up folks with way more finacial abilities, resources and means.

We can imagine at various points in time 4-10 years ago, there have been people with modest or even some what low levels of finacial resources who have been able to accumulate anywhere between 10 and 300 bitcoin for anywhere between $10k and $300k (and various prices between)  Maybe some of them have average costs of less than $1k per BTC, and others have average costs of less than $15k per BTC, so there would be variability in regards to their profitability levels, and no one can actually assess his own specific situation until the passage of time that is able to show how the quantity of BTC matches up with how much had been invested, and frequently and many times, we already discussed how there might not be a lot of value in regards to assessing our costs per BTC until maybe at some point down the road, whether it is 10 years later, 15 years later or maybe some further down the road period, even though almost all of us are going to want to be in profits by the time we are reassessing and revaluating our situation.. yet if we happen to be a person who had accumulated around 80 BTC or more over the past 8 years, we might not be too concerned if our average cost per BTC happens to be $60k or $200k, we just happen to feel ourselves to be in a very good place to have accumulated more than 80 BTC, and we might consider that to be a reason transition into some other status where we no longer need to concern ourselves with accumulating BTC.

On the other hand someone newer to bitcoin might consider that in the next 10 years, they are likely going to need to accumulate somewhere between 2 BTC and 8 BTC to get to a similar status as the one who currently feels himself to be with 8 BTC.. .yet the target is a little bit amorphous and a little bit dependent on what happens with BTC  prices in the next 10 years and also what happens with the BTC accumulator's ability to continue to invest into bitcoin within his discretionary income over the next 10 years.

Regarding your point about gold and/or any other investments that a person might have built prior to investing into bitcoin, some folks will just keep their old investments and then just move their focus over towards bitcoin, so they do not necessarily end up selling their prior investments, and others will sell their prior investments and move the proceeds over to bitcoin.  There likely is no exact correct answer, and there surely may well be transaction costs to cash out of one investment and move the proceeds over to another (in this case into bitcoin).

[SuperBitMan]

This is the only simple introduction easy way for any investor to follow the DCA method in Bitcoin to get more benefits and keep the money safe. Because if they can hold Bitcoin in the right way that will be the key to their success, because every investor will be successful in the current dip in the market. But only long-term investment success is at its peak, if you observe, you can see that big investors from past times are relying on DCA method till now. And they are successful and made mountains of money just by investing in 10 to 12 years DCO method, I have seen on social media many people depend on DCA method and become self-sufficient.

DCA method is always the best method to invest, DCA is the best strategy to accumulate bitcoins slowly without worrying about the market ups and downs. Everyone can become self-sufficient by using DCA method, others have made mountains of money by investing in 10 to 12 years DCA method and become self-sustainable, you also start, take a target that you will do DCA for at least 8 years, you are patient without looking at the market price Suppose, invest regularly and after 8 years, compare the position then with the current position, you will see a stark difference.

DCA method is good for beginners to accumulate bitcoin constantly overtime as long as they don't stop but keep their DCA running. However, if the investor is able to supplement his ongoing DCA with lump sum from time to time whenever extra cash comes in which he did not expect.

Also one of the reason why reserve funds is important is to enable the investor have funds available when the dip comes for him to take advantage of the dip and stack more bitcoin in a cheap price to his bitcoin portfolio. Using the three methods will help boost your bitcoin portfolio to a great height compared to using only DCA.

When it comes to bitcoin investment there are things that are important to have and one of them are reserved funds, like you said it helps one when there's a dip, when you are using the DCA strategy and you have also built a very good reserved funds it will help you accumulate more Bitcoin than someone who is just using the DCA strategy without any built reserve funds.

If you don't have a reserved funds one can still build it along side his or her Bitcoin investment, all what you will do is to bring out a percentage from your Discretionary income and then use it to build his reserved funds and even build other back up funds and at the moment of building this funds one should not be aggressive in his or her Bitcoin accumulation in other to prevent reaching a fuck you stage where you now have to dip hands into your Bitcoin investment.

[Roseline492]

When it comes to bitcoin investment there are things that are important to have and one of them are reserved funds, like you said it helps one when there's a dip, when you are using the DCA strategy and you have also built a very good reserved funds it will help you accumulate more Bitcoin than someone who is just using the DCA strategy without any built reserve funds.

Reserve fun is very important but not to be use the way you are saying because every investment strategy has there advantage and also disadvantages and any wrong decision can result negatively on your investment, so your reserve funds shouldn't be a strategy for investing all in any Bitcoin dip because doing that can result to the disadvantage I'm emphasizing on, so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves because if you're accumulating with the normal method without adding any greed I don't think there would be any regret but the ideas to navigate into other method in other to stack more Bitcoin has always brought setback to most people.

[knowngunman]

If you don't have a reserved funds one can still build it along side his or her Bitcoin investment, all what you will do is to bring out a percentage from your Discretionary income and then use it to build his reserved funds and even build other back up funds and at the moment of building this funds one should not be aggressive in his or her Bitcoin accumulation in other to prevent reaching a fuck you stage where you now have to dip hands into your Bitcoin investment.

You're already going aggressive the moment you want to build a force reserve funds so you can accumulate more coins aside the DCA you're doing. Investing in bitcoin is not something you do desperately because you see others doing it. Remember, there are other issues to take care of with reserve funds and not only to invest in bitcoins again, again and again.

 Quite alright, I know the importance of investing in bitcoin but I don't see the necessity of building a reserve funds if you are not well to do because it's definitely going to affect you in the long run and probably affect your normal DCA method too. As long as you are consistent with your DCA, you're good. Leave reserve funds for people who are financially buoyant.

[SuperBitMan]

When it comes to bitcoin investment there are things that are important to have and one of them are reserved funds, like you said it helps one when there's a dip, when you are using the DCA strategy and you have also built a very good reserved funds it will help you accumulate more Bitcoin than someone who is just using the DCA strategy without any built reserve funds.

Reserve fun is very important but not to be use the way you are saying because every investment strategy has there advantage and also disadvantages and any wrong decision can result negatively on your investment, so your reserve funds shouldn't be a strategy for investing all in any Bitcoin dip because doing that can result to the disadvantage I'm emphasizing on, so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves because if you're accumulating with the normal method without adding any greed I don't think there would be any regret but the ideas to navigate into other method in other to stack more Bitcoin has always brought setback to most people.

I didn't say one should build a reserved funds and use all at once in one particular dip, please try to read through everything write up before commenting on it.
With what you are saying you feel building a reserved funds is not a good one because you feel only greedy people do that but is a wrong mindset, in every investment one is into looking for a way to grow is not a bad idea, having a reversed funds is very important in Bitcoin investment it can cover up in many areas in other to prevent you from dipping hands into your investment for example in emergency time one can dip hands into his or her reserved funds and it can also help to accumulate more Bitcoin when there's a dip why still following your DCA strategy and I don't see anything wrong in using some part of your reserved funds to accumulate Bitcoin when there's a dip.

If you don't have a reserved funds one can still build it along side his or her Bitcoin investment, all what you will do is to bring out a percentage from your Discretionary income and then use it to build his reserved funds and even build other back up funds and at the moment of building this funds one should not be aggressive in his or her Bitcoin accumulation in other to prevent reaching a fuck you stage where you now have to dip hands into your Bitcoin investment.

You're already going aggressive the moment you want to build a force reserve funds so you can accumulate more coins aside the DCA you're doing. Investing in bitcoin is not something you do desperately because you see others doing it. Remember, there are other issues to take care of with reserve funds and not only to invest in bitcoins again, again and again.

 Quite alright, I know the importance of investing in bitcoin but I don't see the necessity of building a reserve funds if you are not well to do because it's definitely going to affect you in the long run and probably affect your normal DCA method too. As long as you are consistent with your DCA, you're good. Leave reserve funds for people who are financially buoyant.

Building a reversed fund is not being aggressive, one can build it little by little because is very important, it will be very difficult to hold one's Bitcoin for long without having a backup funds such as reserved funds, without a backup funds one will find his or her self dipping hands into his Bitcoin investment so to prevent that one need all this, building a reserved funds is not being desperate is securing your Bitcoin and growing it more bigger.
With your write up you are trying to discourage people from building a backup funds such as reserved funds knowing fully well that a reversed fund can serve for many purposes and it secure your Bitcoin and grows it.
One can still use his or her reserved funds to support his or her other business.

First before you can start accumulating Bitcoin one must have a source of income you can't accumulate Bitcoin without having a source of income is not possible if you try it you will end up dipping hands into your Bitcoin investment and when you have a source of income you can use little percent from your Discretionary income to build it just make sure the percentage you are using won't affect you in any way and since is your Discretionary income is a good one, however if you don't have a Discretionary income you are not fit for a Bitcoin investment or building a backup funds.

[Dzwaafu11]

DCA method is good for beginners to accumulate bitcoin constantly overtime as long as they don't stop but keep their DCA running. However, if the investor is able to supplement his ongoing DCA with lump sum from time to time whenever extra cash comes in which he did not expect.

Dollar cost averaging (DCA) is not only for beginners; it is the simplest method of investing in bitcoin and is applicable to any investor regardless of how professional you are. If you use the DCA method to invest in bitcoin, you will not panic even if the market turns to the other side because you can easily know the amount of dollars you used in investing, so your main goal is to see profit and won’t worry about selling your investment in loss. 

Also one of the reason why reserve funds is important is to enable the investor have funds available when the dip comes for him to take advantage of the dip and stack more bitcoin in a cheap price to his bitcoin portfolio. Using the three methods will help boost your bitcoin portfolio to a great height compared to using only DCA.

Waiting for the dip before investing is not the wisest method of investing in bitcoin, in my opinion. The bitcoin market is unpredictable, and if you can invest in it for a long period of time, you will get profit from the investment regardless of the price of bitcoin when you invest because we know that the value will increase over time. 

[rachael9385]

When it comes to bitcoin investment there are things that are important to have and one of them are reserved funds, like you said it helps one when there's a dip, when you are using the DCA strategy and you have also built a very good reserved funds it will help you accumulate more Bitcoin than someone who is just using the DCA strategy without any built reserve funds.

Reserve fun is very important but not to be use the way you are saying because every investment strategy has there advantage and also disadvantages and any wrong decision can result negatively on your investment, so your reserve funds shouldn't be a strategy for investing all in any Bitcoin dip because doing that can result to the disadvantage I'm emphasizing on, so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves because if you're accumulating with the normal method without adding any greed I don't think there would be any regret but the ideas to navigate into other method in other to stack more Bitcoin has always brought setback to most people.

I didn't say one should build a reserved funds and use all at once in one particular dip, please try to read through everything write up before commenting on it.
With what you are saying you feel building a reserved funds is not a good one because you feel only greedy people do that but is a wrong mindset, in every investment one is into looking for a way to grow is not a bad idea, having a reversed funds is very important in Bitcoin investment it can cover up in many areas in other to prevent you from dipping hands into your investment for example in emergency time one can dip hands into his or her reserved funds and it can also help to accumulate more Bitcoin when there's a dip why still following your DCA strategy and I don't see anything wrong in using some part of your reserved funds to accumulate Bitcoin when there's a dip.

Actually the only way you can know that Bitcoin has dipped is when the price reduced below the amount you have it bought earlier, so this means if someone has invested on Bitcoin when the price was $60k and the person has reserve funds already. Probably when Bitcoin dips, the person can choose to use all his reserve funds to buy Bitcoin at once because as it is now, Bitcoin can not go below $50k so if the person didn't buy Bitcoin with all the reserve funds when bitcoin dipped to $55k because he is thinking that Bitcoin will reduce to $50k before he buys with all the reserve money that he have, it means that the person is skeptical about the kind of investment that he is doing.
If you choose to invest on Bitcoin you need a good strategy and a good plans so that you can succeed on the investment, an investor can decide to invest on Bitcoin through DCA method and also keep some reserve funds so that when Bitcoin dips to the kind of amount he wanted he can use the reserve money and buy enough Bitcoin.
Actually, for those that are investing on Bitcoin with lump sum strategy, I think it would also be better if they still buy with DCA method, because most times Bitcoin keeps skyrocketing and if you are waiting for a dip before you invest you might miss a lot of opportunities, so it will also be nice if you DCA to buy bitcoin gradually and anytime you experience the dip you can then buy will all the money you reserved.

[Justbillywitt]

If you don't have a reserved funds one can still build it along side his or her Bitcoin investment, all what you will do is to bring out a percentage from your Discretionary income and then use it to build his reserved funds and even build other back up funds and at the moment of building this funds one should not be aggressive in his or her Bitcoin accumulation in other to prevent reaching a fuck you stage where you now have to dip hands into your Bitcoin investment.

You're already going aggressive the moment you want to build a force reserve funds so you can accumulate more coins aside the DCA you're doing. Investing in bitcoin is not something you do desperately because you see others doing it. Remember, there are other issues to take care of with reserve funds and not only to invest in bitcoins again, again and again.


 Quite alright, I know the importance of investing in bitcoin but I don't see the necessity of building a reserve funds if you are not well to do because it's definitely going to affect you in the long run and probably affect your normal DCA method too. As long as you are consistent with your DCA, you're good. Leave reserve funds for people who are financially buoyant.

Actually there is every need to build reserve funds, provided you are investing in bitcoin. Reserve funds is what will aid you to successfully hold your bitcoin for the desirable number of years. Reserve funds is not only meant for the buoyant investors, but for all classes of investors financially. I don't see how building a reserve funds is going to affect your DCA method, all you need do is just know the percentage that's allocated to your reserve funds and your DCA, and separate them the moment your salary is paid. It is better to DCA with small capital and still have your reserve funds in place. Than to neglect reserve funds and DCA with large funds and end up selling off your bitcoin when challenges arise in the future, because there was no provision for reserved funds. Reserve funds is like the pillars and beams holding your investments, to make sure it stands the taste of time and don't collapse along the way. Provided you have money to invest in bitcoin, you should have reserved funds.

so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves.

Actually there is a risk in holding bitcoin, and it's called the risk of uncertainty. The fact that you are holding bitcoin doesn't mean that everything will only work out exactly as you are expecting, things could go south. There is no assurance that you are guaranteed of success in the end. There is every chance that things won't play out as expected. That's the risk in holding bitcoin. Since there is no form certainty of making profit from bitcoin in the end, that's why there is a risk of uncertainty in it.

[JayJuanGee]

so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves.

Actually there is a risk in holding bitcoin, and it's called the risk of uncertainty. The fact that you are holding bitcoin doesn't mean that everything will only work out exactly as you are expecting, things could go south. There is no assurance that you are guaranteed of success in the end. There is every chance that things won't play out as expected. That's the risk in holding bitcoin. Since there is no form certainty of making profit from bitcoin in the end, that's why there is a risk of uncertainty in it.

Aren't we trying to set ourselves up in terms of some level of certainty in terms of as long as we do not leverage, then we should be able to be certain that the most that we could lose in our bitcoin investment is 100% of what we put in, so can't we consider our investment into bitcoin to be certain in that kind of a way?

We also invest with an expectation that BTC prices are more likely to go up rather than go down, so even if we know that BTC prices are not certain (or guaranteed) to go up, we could still have some built in certainties in regards to the maximum that we would end up losing if bitcoin were to go to zero.  

We also know that there are a variety of scenarios that could play out, but those scenarios are not stabs in the dark, so each of us should attempt to figure out some reasonable probabilities for the various scenarios so that we would thereafter be able to figure out our BTC investment allocation size in light of our view of various scenarios, including that we likely would not even be investing into bitcoin at all if we did not tentatively believe that bitcoin's chances of going up are greater than going down, especially in a 4-10 year or longer timeline.  So, we might not be overly concerned about Bitcoin's price performance in the short term, even though surely we may well need to at least monitor some aspect of bitcoin's price performance over the years as we are investing into it (presumably at least DCA, buying the dip and/or lump sum strategies).

So we may well want to monitor BTC's price enough to be satisfied that anything going on with bitcoin's price is not necessarily causing us to need to change our investment allocations and/or strategies based on any changes that might come to our view of the ongoing strength of bitcoin's investment thesis...and presuming also that we are tending to invest into bitcoin with some conviction that we consider bitcoin to continue to have a relatively strong investment thesis as compared to other places that we might consider putting the value of our bitcoin investments.  There might need to be some strong set of facts or changes in logic that might end up shaking our confidence in the strength of bitcoin's investment thesis, yet each of us might need to keep these kinds of matters in mind even if there might not be too many scenarios that might cause us to change our course of action whether we are accumulating bitcoin or if we might consider that we have moved into more of a maintenance rather than accumulation phase of our bitcoin investment journey.

[Mayor of ogba]

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

A lot of people who are into bitcoin investment are willing to buy bitcoin in every because every dip is an opportunity to accumulate bitcoin but because of many responsibilities they may not be able to meet up of taking advantage over the dip.

 Missing the dip because of too much loads just to survive is not a problem as far as one doesn't always wait for the dip to take place to buy bitcoin but also use the DCA method to buy bitcoin whenever money is available to buy bitcoin. As far as one understands that their is no perfect time to buy bitcoin, even if the person is not able to buy bitcoin during the dip because of financial challenge I don't think the person is really missing out because there is always a chance to buy bitcoin whenever one can afford it.

Yes, almost everyone wants to get Bitcoin at a dip, but the question is: do we know when the dip will happen again? The answer is no, because nobody can accurately predict Bitcoin's price. So, why should anyone who really wants to invest in Bitcoin wait for a dip that they don’t know when it’s going to happen? Some people have been waiting for Bitcoin to dip again so they can accumulate more, but I think this approach is wrong. Someone could be waiting for something they have no assurance of. Instead of waiting for a dip that is uncertain, why not adopt the DCA (Dollar Cost Averaging) strategy? This approach allows you to buy Bitcoin at different prices as you invest regularly, whether weekly or monthly.This method has enabled many people to accumulate Bitcoin, and as they continue to do so, they also see the advantage of it. By buying at different prices, whether during a dip or at a higher price, their wallet value hardly decreases anyhow.

Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip, the investor should divide his investment money into two parts and keep one part to accumulate bitcoin anytime there's a dip and use the second part to continuously accumulate bitcoin with the DCA strategy, which will help the investor to be consistent in accumulating bitcoin, and he will also be opportune to buy the bitcoin dip anything it happens.

Leave reserve funds for people who are financially buoyant.

You are wrong, and your statement will mislead newbies or new investors who want to start investing their money in bitcoin to mess up their bitcoin accumulation journey. As long as bitcoin investment is concerned, no matter how shitty your income source could be, you should always keep emergency funds, reserve funds, and floats, which would allow you to accumulate bitcoin without depending on your bitcoin investment to solve your unforeseen problems.

[Justbillywitt]

so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves.

Actually there is a risk in holding bitcoin, and it's called the risk of uncertainty. The fact that you are holding bitcoin doesn't mean that everything will only work out exactly as you are expecting, things could go south. There is no assurance that you are guaranteed of success in the end. There is every chance that things won't play out as expected. That's the risk in holding bitcoin. Since there is no form certainty of making profit from bitcoin in the end, that's why there is a risk of uncertainty in it.

Aren't we trying to set ourselves up in terms of some level of certainty in terms of as long as we do not leverage, then we should be able to be certain that the most that we could lose in our bitcoin investment is 100% of what we put in, so can't we consider our investment into bitcoin to be certain in that kind of a way?

In that regard I think we can consider our investment to be certain, because we already figured out what could happen to our investment in the worst case scenario. I think the only thing that should be considered as not being certain is the size of profit that we are expected to see from our investment on the long run. But it doesn't really matters since it is expected that our portfolio is going to be way better than it was at the beginning of our investment journey on the long run.

We also invest with an expectation that BTC prices are more likely to go up rather than go down, so even if we know that BTC prices are not certain (or guaranteed) to go up, we could still have some built in certainties in regards to the maximum that we would end up losing if bitcoin were to go to zero.  

We also know that there are a variety of scenarios that could play out, but those scenarios are not stabs in the dark, so each of us should attempt to figure out some reasonable probabilities for the various scenarios so that we would thereafter be able to figure out our BTC investment allocation size in light of our view of various scenarios, including that we likely would not even be investing into bitcoin at all if we did not tentatively believe that bitcoin's chances of going up are greater than going down, especially in a 4-10 year or longer timeline.  So, we might not be overly concerned about Bitcoin's price performance in the short term, even though surely we may well need to at least monitor some aspect of bitcoin's price performance over the years as we are investing into it (presumably at least DCA, buying the dip and/or lump sum strategies).

Of course there are better chances of bitcoin making more of an upward movements than downward movements on the long run. I believe this is the more reason why you and I have been an advocate of long term hold, in order for us to stand a better chance of getting something reasonable from our investment. There is need for long term investors to have this conviction that they are better of with bitcoin than without bitcoin. I think it's important for investors to have this conviction and certain level of certainties inside them, because it is what's going to keep driving us to keep investing in bitcoin and holding it for as long.

[Barikui1]

so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves.

Actually there is a risk in holding bitcoin, and it's called the risk of uncertainty. The fact that you are holding bitcoin doesn't mean that everything will only work out exactly as you are expecting, things could go south. There is no assurance that you are guaranteed of success in the end. There is every chance that things won't play out as expected. That's the risk in holding bitcoin. Since there is no form certainty of making profit from bitcoin in the end, that's why there is a risk of uncertainty in it.

Aren't we trying to set ourselves up in terms of some level of certainty in terms of as long as we do not leverage, then we should be able to be certain that the most that we could lose in our bitcoin investment is 100% of what we put in, so can't we consider our investment into bitcoin to be certain in that kind of a way?

In that regard I think we can consider our investment to be certain, because we already figured out what could happen to our investment in the worst case scenario. I think the only thing that should be considered as not being certain is the size of profit that we are expected to see from our investment on the long run. But it doesn't really matters since it is expected that our portfolio is going to be way better than it was at the beginning of our investment journey on the long run.

We also invest with an expectation that BTC prices are more likely to go up rather than go down, so even if we know that BTC prices are not certain (or guaranteed) to go up, we could still have some built in certainties in regards to the maximum that we would end up losing if bitcoin were to go to zero.  

We also know that there are a variety of scenarios that could play out, but those scenarios are not stabs in the dark, so each of us should attempt to figure out some reasonable probabilities for the various scenarios so that we would thereafter be able to figure out our BTC investment allocation size in light of our view of various scenarios, including that we likely would not even be investing into bitcoin at all if we did not tentatively believe that bitcoin's chances of going up are greater than going down, especially in a 4-10 year or longer timeline.  So, we might not be overly concerned about Bitcoin's price performance in the short term, even though surely we may well need to at least monitor some aspect of bitcoin's price performance over the years as we are investing into it (presumably at least DCA, buying the dip and/or lump sum strategies).

Of course there are better chances of bitcoin making more of an upward movements than downward movements on the long run. I believe this is the more reason why you and I have been an advocate of long term hold, in order for us to stand a better chance of getting something reasonable from our investment. There is need for long term investors to have this conviction that they are better of with bitcoin than without bitcoin. I think it's important for investors to have this conviction and certain level of certainties inside them, because it is what's going to keep driving us to keep investing in bitcoin and holding it for as long.

First of all, if as a Bitcoin investor you actually don't believe in the potential of Bitcoin on long longer run then I think it's pointless continuing to invest in something you don't actually believe in, I believe that Bitcoin has the potential of doing 10x to 20x in 10 to 20 years time from now, and it has the capability of building a generational wealth overtime for me if I can have a very good stash of Bitcoin in my possession, and to me, in achieving that, is for me to keep on DCAing into Bitcoin and buy regardless of it current price, because I believe that we are still in it early days, so as such buying now, is actually a big win for anyone that sees this life changing opportunity that presents itself in front of us.

But where the challenge mostly sets in is how long can you hold, and that is why having an emergency fund and also having a reliable source of income plays an important role in your ability to hold firmly during the rainy days, so knowledge on how to hold is very much important if you are actually a long term holder.

[Hatchy]

Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip.

Any investor waiting BTC to return to $10k mark before he buys, is just wasting their time and to me will have to wait even longer as Bitcoin is not going back to its past. What some investors lack is planning and to me they don't understand how BTC investment works. Why wait for such a dip, when you could buy BTC continuously using the DCA? You can also wait for the dip while doing the DCA and once an opportunity comes In the market, not necessarily the $10k you buy as many as you can afford at that time.

Leave reserve funds for people who are financially buoyant.

You are wrong, and your statement will mislead newbies or new investors who want to start investing their money in bitcoin to mess up their bitcoin accumulation journey. As long as bitcoin investment is concerned, no matter how shitty your income source could be, you should always keep emergency funds, reserve funds, and floats, which would allow you to accumulate bitcoin without depending on your bitcoin investment to solve your unforeseen problems.

Again reverse funds is something we keep talking about. Some investors just keeps making things complicated for them selfs.. If you don't have a steady source of income, why put all yojr funds in BTC? You should be able to think outside the box. There's no guarantee that your BTC investment would make you rich in the next couple of years. Again what will your BTC be to you when you are not healthy considerate or probably kicked the bucket? When there are so many things to solve personal with your money, first set your accumulation plans aside, there will always be a chance to invest or buy BTC.

[arwin100]

Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip.

Any investor waiting BTC to return to $10k mark before he buys, is just wasting their time and to me will have to wait even longer as Bitcoin is not going back to its past. What some investors lack is planning and to me they don't understand how BTC investment works. Why wait for such a dip, when you could buy BTC continuously using the DCA? You can also wait for the dip while doing the DCA and once an opportunity comes In the market, not necessarily the $10k you buy as many as you can afford at that time.

This is dumb thoughts of people that they really see those kind of downfall. That $10k is so dip and provably that we will not see this price to reach by bitcoin. We are not  moving backwards since bitcoin gather a lot more acknowledgement that this is good asset to acquire and it became a legal tender in one country so they provably waste their time for waiting in that situation. But its their money they are the one can decide if they want to invest now or not.

But for sure they might get disappointed if they see bitcoin hit another historical ATH since those people who doubt like them would provably try to remember those times that they still doubting to acquire . That's why its important for those people who doubt or doesn't have confidence to spend on current level to track good discussion and opinion since for sure that there's lot of learnings to get from peoples advice towards what's best thing to do if they want to start their bitcoin long term investment plan. Its not really necessary to wait for $10k dip since right now they can act and start their investment.

[Ambatman]

This is dumb thoughts of people that they really see those kind of downfall. That $10k is so dip and provably that we will not see this price to reach by bitcoin. We are not  moving backwards since bitcoin gather a lot more acknowledgement that this is good asset to acquire and it became a legal tender in one country so they provably waste their time for waiting in that situation. But its their money they are the one can decide if they want to invest now or not.

Bitcoin at $10K again?
Personally don't believe it's ever possible unless something that could threaten Bitcoin existence occurs.
Mining cost is increasing with time, though not a deciding factor plays a role in Bitcoin selling price.

This has been emphasised, never be a Nocoiner
Buy the dip doesn't mean you have to wait for a Dip.
Capture the moment rather than relying on something that may not occur or be fleeting.
But there's nothing bad in having a fund set aside for DCA.
I won't be surprised that there are individuals despite seeing bitcoin price this low are scared of entering now but waiting for further Dip
Yes it's their choice and they could be benefit from it
But what would happen if it never reach their target buy.

Funny many target buy is ever changing
Bitcoin $65K I will buy in $59K
Bitcoin now $57K, no I will buy lower around $51K
If it does fall to same $51K some would still procrastinate lower until it flies before they wake up from their sleep.
It's September we just couple of days to Q4 of the Year which is considered the most Bullish period for Bitcoin.
Not an advice, just an opinion.

[Tmoonz]

Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip.

Any investor waiting BTC to return to $10k mark before he buys, is just wasting their time and to me will have to wait even longer as Bitcoin is not going back to its past. What some investors lack is planning and to me they don't understand how BTC investment works. Why wait for such a dip, when you could buy BTC continuously using the DCA? You can also wait for the dip while doing the DCA and once an opportunity comes In the market, not necessarily the $10k you buy as many as you can afford at that time.

This is dumb thoughts of people that they really see those kind of downfall. That $10k is so dip and provably that we will not see this price to reach by bitcoin. We are not  moving backwards since bitcoin gather a lot more acknowledgement that this is good asset to acquire and it became a legal tender in one country so they provably waste their time for waiting in that situation. But its their money they are the one can decide if they want to invest now or not.

But for sure they might get disappointed if they see bitcoin hit another historical ATH since those people who doubt like them would provably try to remember those times that they still doubting to acquire . That's why its important for those people who doubt or doesn't have confidence to spend on current level to track good discussion and opinion since for sure that there's lot of learnings to get from peoples advice towards what's best thing to do if they want to start their bitcoin long term investment plan. Its not really necessary to wait for $10k dip since right now they can act and start their investment.

Regrets has already happened to those who had the opportunity to invest in Bitcoin at it's earliest days, seeing Bitcoin at what it is today surely they must regret ever not utilizing the such opportunity and that is exactly what is going to happen to as many who are yet to recognize the potency that Bitcoin holds now that they have the opportunity knocking at their door steps, Bitcoin is a moving training even though it can be slow the most important thing is that it is moving and i don't give a fuck about those who are belittling, refusing and failing to see the brighter light that Bitcoin has brought as one of the best if not the best digital asset class.

[ginsan]

Those all sound like good ideas, especially in terms of having some timeline goals, but then keeping some back up timelines in mind, so it sounds like you are weighing various possible scenarios and have a sufficient amount of flexibility in your thinking about how you might have to reassess along the way at various points.

Surely people with more discretionary income or even who had come from higher levels of wealth have more resources in front of them, yet there are degrees of wealth too, and so some of those folks with wealth are still not allocating to bitcoin and/or do not have a sufficient and adequate bitcoin accumulation plan, so any of us can imagine scenarios in which those who are planning, preparing and acting in regards to their bitcoin accumulation plans are going to end up passing up folks who were not making and/or acting upon such bitcoin accumulation plans.  For sure there are already examples and ongoingly new examples of the more poor folks who have been able to either make progress in narrowing the gap and/or potentially financially passing up folks with way more finacial abilities, resources and means.

We can imagine at various points in time 4-10 years ago, there have been people with modest or even some what low levels of finacial resources who have been able to accumulate anywhere between 10 and 300 bitcoin for anywhere between $10k and $300k (and various prices between)  Maybe some of them have average costs of less than $1k per BTC, and others have average costs of less than $15k per BTC, so there would be variability in regards to their profitability levels, and no one can actually assess his own specific situation until the passage of time that is able to show how the quantity of BTC matches up with how much had been invested, and frequently and many times, we already discussed how there might not be a lot of value in regards to assessing our costs per BTC until maybe at some point down the road, whether it is 10 years later, 15 years later or maybe some further down the road period, even though almost all of us are going to want to be in profits by the time we are reassessing and revaluating our situation.. yet if we happen to be a person who had accumulated around 80 BTC or more over the past 8 years, we might not be too concerned if our average cost per BTC happens to be $60k or $200k, we just happen to feel ourselves to be in a very good place to have accumulated more than 80 BTC, and we might consider that to be a reason transition into some other status where we no longer need to concern ourselves with accumulating BTC.

On the other hand someone newer to bitcoin might consider that in the next 10 years, they are likely going to need to accumulate somewhere between 2 BTC and 8 BTC to get to a similar status as the one who currently feels himself to be with 8 BTC.. .yet the target is a little bit amorphous and a little bit dependent on what happens with BTC  prices in the next 10 years and also what happens with the BTC accumulator's ability to continue to invest into bitcoin within his discretionary income over the next 10 years.

Regarding your point about gold and/or any other investments that a person might have built prior to investing into bitcoin, some folks will just keep their old investments and then just move their focus over towards bitcoin, so they do not necessarily end up selling their prior investments, and others will sell their prior investments and move the proceeds over to bitcoin.  There likely is no exact correct answer, and there surely may well be transaction costs to cash out of one investment and move the proceeds over to another (in this case into bitcoin).

Of course sir, I have to think wisely about what I have planned. As an investment that I am so focused on Bitcoin, of course I will direct all my thoughts so that the sustainability of this investment can successfully achieve the target. Indeed, if we count the years, of course 10 years is quite long, but if we live it, maybe it won't feel long because the level of consistency accumulates unconsciously, we have passed week after week.

The initial steps are indeed quite difficult, especially since some of them have to change their investment patterns in a new direction, I mean maybe person A is a rich person who has a lot of money and he only invests in gold and of course they need time to reverse their investment routine to Bitcoin. I even think they need a lot of guidance if they are quite new to Bitcoin. They have to think about planning and arranging many strategies before they are ready to start investing in Bitcoin.

Of course, if we look at the variability of profits in each investment, it will certainly be different because some start at $10, or they start at $50 or they have a lot of money starting at $1000 per execution every week. But that's not a big deal because whatever their profit is, they have definitely changed the direction of their lives when they reach the peak of their purchase or the final stage or the execution stage in 10 years of achieving their investment target in bitcoin. I think we are just grateful for everything we get even in the profits we see at some point in the future.

I think that could be true or rather they want to equalize their portfolio position with someone who invested in bitcoin earlier. But for me, of course I don't think in that direction because I started with a smaller level of execution, of course I won't target to pursue the same status as people's current ownership. I just made it a motivation to increase my enthusiasm to continue accumulating Bitcoin.

That's right sir, I continue to hold old investments and also continue to accumulate new investments in Bitcoin. Yes, the multiple profits may be seen when I reach target in investing in bitcoin. But with other people I certainly have no opinion if they want to switch their old investments to bitcoin because that's quite difficult to say. If they do that, it could be an amazing thing, right?

[JayJuanGee]

so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves.

Actually there is a risk in holding bitcoin, and it's called the risk of uncertainty. The fact that you are holding bitcoin doesn't mean that everything will only work out exactly as you are expecting, things could go south. There is no assurance that you are guaranteed of success in the end. There is every chance that things won't play out as expected. That's the risk in holding bitcoin. Since there is no form certainty of making profit from bitcoin in the end, that's why there is a risk of uncertainty in it.

Aren't we trying to set ourselves up in terms of some level of certainty in terms of as long as we do not leverage, then we should be able to be certain that the most that we could lose in our bitcoin investment is 100% of what we put in, so can't we consider our investment into bitcoin to be certain in that kind of a way?

In that regard I think we can consider our investment to be certain, because we already figured out what could happen to our investment in the worst case scenario. I think the only thing that should be considered as not being certain is the size of profit that we are expected to see from our investment on the long run. But it doesn't really matters since it is expected that our portfolio is going to be way better than it was at the beginning of our investment journey on the long run.

Well, we can monitor our investment as it goes, and try to determine if there might be some reason that we might want to change our approach to the investment, so I am not even saying that there are not a lot of uncertainties, since anything regarding the future has a lot of uncertainties in it.

At the same time, we can recognize bitcoin as a good investment when we start, and we invest according to what we know when we get started with our investment into bitcoin, yet I doubt that very many of us would spend years and years studying bitcoin or even knowing it very well prior to getting stared investing into it, so we may well start out with a tentative premise that bitcoin is a decently good place to put value as compared with other places that we might want to put our value, yet as we continue to invest into bitcoin then hopefully we continue to study it, and thereby try to figure out if anything material in regards to our investment thesis is becoming stronger or weaker or if we might need to change our BTC accumulation approach, presuming that it may well take a while to get through our accumulation stages.

Even with our not knowing the future, surely there are a lot of decently good upside scenarios for bitcoin, so surely some variation of the upside scenarios have good odds of playing out during  our time investing into bitcoin, whether that be 4-10 year or longer or some other kind of a longer term plan to stay into bitcoin and to reassess at various points down the road.

We also invest with an expectation that BTC prices are more likely to go up rather than go down, so even if we know that BTC prices are not certain (or guaranteed) to go up, we could still have some built in certainties in regards to the maximum that we would end up losing if bitcoin were to go to zero.  

We also know that there are a variety of scenarios that could play out, but those scenarios are not stabs in the dark, so each of us should attempt to figure out some reasonable probabilities for the various scenarios so that we would thereafter be able to figure out our BTC investment allocation size in light of our view of various scenarios, including that we likely would not even be investing into bitcoin at all if we did not tentatively believe that bitcoin's chances of going up are greater than going down, especially in a 4-10 year or longer timeline.  So, we might not be overly concerned about Bitcoin's price performance in the short term, even though surely we may well need to at least monitor some aspect of bitcoin's price performance over the years as we are investing into it (presumably at least DCA, buying the dip and/or lump sum strategies).

Of course there are better chances of bitcoin making more of an upward movements than downward movements on the long run. I believe this is the more reason why you and I have been an advocate of long term hold, in order for us to stand a better chance of getting something reasonable from our investment. There is need for long term investors to have this conviction that they are better of with bitcoin than without bitcoin. I think it's important for investors to have this conviction and certain level of certainties inside them, because it is what's going to keep driving us to keep investing in bitcoin and holding it for as long.

Sure, each of us who wants to invest, should be making some kind of an assessment of our choice to invest in bitcoin as compared with other places that we might put our value.  If we came to bitcoin and we already had various investments, then we can choose whether to sell any of our existing investments once we had chosen to invest into bitcoin, or if we might just add bitcoin on as an investment and to also keep our traditional investments.

If any of us might come to bitcoin without hardly any other investments besides perhaps a month or so of cash savings and maybe some other token investments, then we may well have to choose whether we want to just invest into bitcoin and buttressing our cash reserves or if we want to include other kinds of investments. Personally, I believe that that there is no need to start with more than just bitcoin and cash, yet I don't maintain the position that remaining in ONLY bitcoin and cash would be sufficiently comfortable, so guys surely have to figure out the extent to which they might add other kinds of investments into their investment portfolio besides just bitcoin and cash.. and if so when to do it and how to do it, and I am not claiming to know how to answer those kinds of questions for anyone else, even though some comfort can come to spread out to merely bitcoin and cash, especially once a bitcoin stash might start to grow to sizes of more than a year of expenses.. and I am not even sure of the exact threshold since some guys might want to diversify his investment after merely getting 50% of his annual expenses in bitcoin, and some guys might not mind keeping some relatively higher level of his total investment portfolio only in bitcoin and cash.

Part of balance of any investment, including bitcoin is that if the investment ends up having a real great outcome (meaning upwards price appreciation) we do not need to invest high portion of our wealth into it in order to be able to end up still being able to profit stupendously from it. That is part of the greatness of having such an asymmetric bet, since some folks invested aggressively and some folks invested whimpily, and as long as they mostly remained invested, through the years they ended up profiting stupendously... so we have similar choices from the present and no guarantees of future performance while at the same time realizing that each of us are able to choose our own level of aggressiveness or whimpiness in regards to our bitcoin and the future will play out however it might and we might see down the road the degree to which our bitcoin allocation decisions ended up profiting for us.. perhaps at least as good as other places we could have had invested, or perhaps outperforming our other possible investment choices.

Leave reserve funds for people who are financially buoyant.

You are wrong, and your statement will mislead newbies or new investors who want to start investing their money in bitcoin to mess up their bitcoin accumulation journey. As long as bitcoin investment is concerned, no matter how shitty your income source could be, you should always keep emergency funds, reserve funds, and floats, which would allow you to accumulate bitcoin without depending on your bitcoin investment to solve your unforeseen problems.

Again reverse funds is something we keep talking about. Some investors just keeps making things complicated for them selfs.. If you don't have a steady source of income, why put all yojr funds in BTC? You should be able to think outside the box. There's no guarantee that your BTC investment would make you rich in the next couple of years. Again what will your BTC be to you when you are not healthy considerate or probably kicked the bucket? When there are so many things to solve personal with your money, first set your accumulation plans aside, there will always be a chance to invest or buy BTC.

Of course, there are always going to be opportunities to invest into bitcoin, yet it seems better to be buying bitcoin sooner rather than later, yet sure, each person has to make those kinds of choices for themselves, including but not limited to making trade-offs in regards to their spending to day versus investing versus spending in the future, and surely folks have differing timelines for which they need to account.

Delaying investing bitcoin or accumulating bitcoin has consequences, and each person can make those choices, and part of the reason that we ONLY have less than 1% of the world's population investing into bitcoin should help for guys to understand that we are still early to bitcoin, even though some people consider that as a sign that they can wait to accumulate, to be there seems to be some value in getting started sooner rather than later in terms of BTC accumulation, even if you might ONLY be able to currently start investing with $10 per week rather than $100 per week, and surely some times normal peeps have competing obligations for their money, including their own training, skills and money earning and building experiences.

[edited out]

That's right sir, I continue to hold old investments and also continue to accumulate new investments in Bitcoin. Yes, the multiple profits may be seen when I reach target in investing in bitcoin. But with other people I certainly have no opinion if they want to switch their old investments to bitcoin because that's quite difficult to say. If they do that, it could be an amazing thing, right?

I doubt that we can really say what others should do, since sometimes there can additional costs to sell out of one investment and then to put that into bitcoin, yet someone who has a fairly decent already existing portfolio may well be in a better place to invest more aggressively into bitcoin, since they already have their whole traditional investments, whether they had been investing 10-20 years or some other amount, some person who already has other investments is in a way better place to come out somewhat aggressively in terms of their bitcoin allocation strategy - even though they still might not want to incur the costs of lump summing into bitcoin (if they have to sell some of their other assets), so it still might take them a whole year or two just to get their BTC allocation from zero and up to 10-15% of their total investment portfolio.

When I got into bitcoin in late 2013, I already had an investment portfolio that I had considered to be sufficiently strong enough to be able to support me if my other various investments and income had dried up. .so I considered it to be more or less at entry-level fuck you status, even though I was not really living off of it.... so at the same time, when I started buying bitcoin in late 2013 and through 2014, I thought that I was being somewhat aggressive in my BTC accumulation, yet in the beginning 6 months and then extension of another 6 months of my plan, I allocated to bitcoin based on a budget that I had given myself for the 6 months and divided it by 26 (for the amount that I could buy each week), and then extended  another 6 months, so yeah, I was not sure exactly what my target was except for spending the budget that I had allocated for myself for each fo the 6 months periods, yet by the time we were getting close to the end of 2014 (so that would have had been a full year), I had somehow figured out that I had reached around 10% of my overall investment portfolio had been invested into bitcoin, so in that sense, I had concluded that I had largely accumulated enough.. and furthermore, I remember batting around some ideas about whether I might want to transfer some value from my 401k into buying bitcoin (which even though tempting, I ended up deciding against it based on my assessment that I largely had enough investment into BTC, and it took me a year to get there (which was 10%)).. .

Yet part of my problem was that I continued to invest into bitccoin through 2015 and 2016, and I ended up over accumulating (which largely ended up being around 13.5%-ish in late 2015).. which ended up NOT being a bad thing for me personally.. .but still a little bit of a decision to continue to buy bitcoin through 2015 and into 2016 even though in late 2014, I had largely assessed that I had already gotten enough.