Buy the DIP, and HODL!

[Frankolala]

A good pattern, not a chart pattern but the pattern you say. Hitting the buy button is the best among many strategies available today.
Investors will be successful in accumulating lots of bitcoins because they are diligent in hitting the buy button.

Bitcoin investment is the best compared to shitcoin. I am not sure how much has been lost by buying shitcoin. They should be aware of themselves to buy Bitcoin today.

I'm VERY confident that most of those cryptocurrencies that are not Bitcoin will simply die and/or become irrelevant after two or three decades. That's also how long your time-preference be for your Bitcoin investments in my personal opinion.

I think so too, slowly many investors will realize how stupid they are to choose shitcoin in their portfolio. It won't take long for shitcoin to die because they won't have any idea to attract us into them.

I think bitcoin is number 1 to be used as an investment for old age, bitcoin will be adopted by many countries in the next 10 years. Fiat will disappear and bitcoin will dominate it. For beginners, don't be afraid to invest in bitcoin because bitcoin is the best choice compared to other assets.

Bitcoin has been proven to be the only asset that is resistant to inflation even though its price fluctuates, this makes Bitcoin validated as the best safe haven, as far as I have heard, smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platformthey are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

I don't call using your bitcoin investment as collateral when you are short of funds in a lending platform because it is wrong and you are gambling with your bitcoin investment and that is not smartness but a dumb thing to do.

I don't understand why any investor will acquire enough Bitcoin to the point of getting broke and use his bitcoin investment for collateral, it means that investor didn't plan his bitcoin investment journey properly and he doesn't have an emergency funds to take care of real emergency when it comes. This is the problem alot of newbies are facing, they forget that bitcoin investment is for long term and one needs to use only part of his discretionary income to invest in bitcoin for a long-term so that he can buy regularly and hodli for a long time time without selling part of his bitcoin when it is not of his own will.

I believe it's a wrong move allocating once Bitcoin as collateral for some loan amount, I consider it a weak thinking and should be avoided. This forum is one platform that is able by some members to give out loans, yet we've never or I personally haven't witnessed a situation where Bitcoin not just any asset is being given as per collateral even the person issuing the loaned amount never asks for Bitcoin as collateral. Now let's imagine given Bitcoin as a collateral which the sent amount will be equivalent to dollar value of the Bitcoin, that means If by any circumstances unable to meet up the loan return then the lender is left by no option than to take the collateral (Bitcoin), if the lender understands the value of Bitcoin and decides to hold, in few or more period he might be getting X2 of what was sent as collateral.

Bitcoin is worth more than using it as collateral to get little loan because you lack how to go about with your bitcoin journey in order for you to be able go hodli for a very long time. You should have a means of income which will enable you to take care of your monthly needs and whatever problem that might arise when you are investing in bitcoin and this is where emergency funds is very necessary to all bitcoin investors.

This is why it is not good for one to DCA over aggressively to avoid such thing like getting broke and using your bitcoin to take loan. This is the biggest risk I have ever heard about for someone to risk his bitcoin that he has taken his time to invest and build. It is better that you take a non collateral loan from your place of work or from people you know than using your bitcoin because you are the only person that can keep your bitcoin safe in your self custody wallet.

[Tauja]

I believe it's a wrong move allocating once Bitcoin as collateral for some loan amount, I consider it a weak thinking and should be avoided. This forum is one platform that is able by some members to give out loans, yet we've never or I personally haven't witnessed a situation where Bitcoin not just any asset is being given as per collateral even the person issuing the loaned amount never asks for Bitcoin as collateral. Now let's imagine given Bitcoin as a collateral which the sent amount will be equivalent to dollar value of the Bitcoin, that means If by any circumstances unable to meet up the loan return then the lender is left by no option than to take the collateral (Bitcoin), if the lender understands the value of Bitcoin and decides to hold, in few or more period he might be getting X2 of what was sent as collateral.

Get back on topic, buy on dips and hold.
Do not bring or continue the conversation towards loans and lending because that is out of the idea in this topic.
Take a lot of time to understand properly how to invest properly, because you are betting money in this investment, so make one wise decision to succeed.

Practice investing in the early stages, strengthen the budget first for your living needs, set aside a few percent because investment is not for one week but one year, five years, ten years and can even last a lifetime. So little by little it will become a hill. Just buy routinely like most people have done.

[Zaguru12]

I believe it's a wrong move allocating once Bitcoin as collateral for some loan amount, I consider it a weak thinking and should be avoided. This forum is one platform that is able by some members to give out loans, yet we've never or I personally haven't witnessed a situation where Bitcoin not just any asset is being given as per collateral even the person issuing the loaned amount never asks for Bitcoin as collateral. Now let's imagine given Bitcoin as a collateral which the sent amount will be equivalent to dollar value of the Bitcoin, that means If by any circumstances unable to meet up the loan return then the lender is left by no option than to take the collateral (Bitcoin), if the lender understands the value of Bitcoin and decides to hold, in few or more period he might be getting X2 of what was sent as collateral.

First let’s start with the question how can someone be in debt and still has bitcoin in his wallet, the possible answers to this is the fact the person actually invested into bitcoin without fulfilling some basic requirements which I personally think is a very wrong idea. My first cateria is the funds set aside to invest into bitcoin must be an amount the investors can make do away with for a very long term this clearly shows that borrowed funds isn’t even acceptable as an investor. Secondly the investors most also have extra funds set aside for emergency.  

All this isn’t a requirement but I personally viewed it the with this one Can easily be patient in holding. Imagine having lots of bitcoin and then still be in a heavy debt which is due. If I ever find investors like this my advice is for them to taken a hit and then liquidate some of their holdings to pay off the debt. The choice of even using it as collateral is not welcome with me because holding to it means you’re still at the verge of losing it all why not just pay off the debt and then hold the rest or start accumulating gradually again. Bitcoin is here to actually better the financial system of the world through decentralization and many more features lacking in fiat but many people treat it as though it shouldn’t be spent even when it is for a very important purpose which is a bad habit to me. Long term holding is what we all advice but when it is only bitcoin that can save you out from some difficulties then it is best you make use of it

[livingfree]

Get back on topic, buy on dips and hold.
Do not bring or continue the conversation towards loans and lending because that is out of the idea in this topic.
Take a lot of time to understand properly how to invest properly, because you are betting money in this investment, so make one wise decision to succeed.

I am with you, let's discourage people using Bitcoin as a collateral and the same goes for people using something as collateral to buy Bitcoin. If you want to buy Bitcoin, use how much you have and focus on DCA. Bitcoin won't run far away from us, it's always there in exchanges unless they start to limit the in flows and out flows of BTCs being bought on them but that's more unlikely to happen at this point.

Practice investing in the early stages, strengthen the budget first for your living needs, set aside a few percent because investment is not for one week but one year, five years, ten years and can even last a lifetime. So little by little it will become a hill. Just buy routinely like most people have done.

Exactly.

Investments aren't mostly for short term although if you're in a jackpot and your investment pumped a lot in a short period, that's for you to decide.

But in the case of Bitcoin, this is better for long term holds.

[letteredhub]

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

[Churchillvv]

I think bitcoin is number 1 to be used as an investment for old age, bitcoin will be adopted by many countries in the next 10 years. Fiat will disappear and bitcoin will dominate it. For beginners, don't be afraid to invest in bitcoin because bitcoin is the best choice compared to other assets.

It's very unfortunate that I have to read this.
Perhaps you are very far from reality, I don't know where you got your bitcoin orientation from but perhaps you're literally among the few marginalizing a fight against fiat which is never the intention of Satoshi nor bitcoiners because realistically we need fiat and bitcoin is not in anyway against fiat.

The intention was to create an alternative currency that works viz vice with fiat, bitcoin is never against the use of fiat but its a freedom currency which I prefer to call a paradigm, it's all about having full control over your finances which is the direct opposite to government desire, the governments does not appreciate anything that has do so much with privacy, freedom and that's why bitcoin is usually getting attacked by governments even though we see less of such case this days.

Bitcoin is a paradigm that has shifted our thoughts from only holding fiats in our banks without maximum security and privacy in our lives and also facing inflation problem but with the existence of bitcoin we now have full control over our assets or finances having your money in a self custodial wallet which absolutely freedom even though governments don't want such freedom to exist.

Back to your statement, apparently fiat is probably not going to disappear any time soon not even in the next centenary, so want you to realize how unrealistic that statement is but I do agree that bitcoin is best choice a beginner or anyone can afford at this point because its cheap when approached properly using DCA or any other method that might be convenient with he or she because if compared to assets or investments like real estate one will still have to save alot of money in order to purchase a building while at these same period he or she might be able to have accumulate at least a little stash of bitcoin that might in the process of saving even yield more interest even though I don't encourage short term investment.

[Marvelockg]

I think bitcoin is number 1 to be used as an investment for old age, bitcoin will be adopted by many countries in the next 10 years. Fiat will disappear and bitcoin will dominate it. For beginners, don't be afraid to invest in bitcoin because bitcoin is the best choice compared to other assets.

The intention was to create an alternative currency that works viz vice with fiat, bitcoin is never against the use of fiat but its a freedom currency which I prefer to call a paradigm, it's all about having full control over your finances which is the direct opposite to government desire, the governments does not appreciate anything that has do so much with privacy, freedom and that's why bitcoin is usually getting attacked by governments even though we see less of such case this days.

most of the idea that tend to suggest that Bitcoin was created as a replacement to the fiat only shows that the individual has a wrong knowledge about Bitcoin and doesn't even understand the whole essence of Bitcoin creation. The best way to look at Bitcoin which an average person that's not still conversant with it purpose will easily understand is that Bitcoin is an international decentralized digital currency while fiat is a per nation centralized currency. the creation of the latter doesn't mean that the former has lost it value. It only suggest that with Bitcoin, you've been given full control over your money and that you've gotten the ability to make transaction accross different national boundaries at whatever time you want to with zero restriction of any sort.

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

the fact that he sees this idea he suggested as being smart is what even baffles me. Who makes an investment because he wants to use his investment as collateral for obtaining loan? If buying Bitcoin is all about such purpose, then most persons wouldn't consider investing in Bitcoin because it will totally look worthless. I don't even know why he's trying to relate the 21 Bitcoin in circulation to the reason one will go on to gamble with his investment by using it as a collateral for loans.

Owning Bitcoin is a precious previledge I wouldn't give away for any reason. It's reckless, careless and unwise to think that your accumulated Bitcoin has gotten less valuable to the extent of trading it in exchange for fiat which is far less reliable compared to Bitcoin.

[laijsica]

You seem to be talking about trading rather than sustainable withdrawal.. So I was suggesting that once a large enough stash is established then 10% per year could be withdrawn in perpetuity as long as the BTC spot price is staying at least 25% above the 200-WMA and the 200-WMA is being used as the valuation of the BTC stash based on bottom prices rather than based on top prices.  Perhaps my discussion of this is too complicated for my to be stating it and members seem to be misinterpreting what I am saying.

I never like to think positively about short term bitcoin trading because it's pretty clear to me that the real profits are hidden in the long term accumulation of bitcoins. I may have spent some time to be able to understand what you mean.It is certainly logical that Bitcoin can be withdrawn if the spot price is above 25% if an investor has a decent sized holding. As per your advice I think it must be a sustained withdrawal trend as well as regular bitcoin accumulation so a logical suggestion to fill that void is to continue buying the DCA method uninterrupted.

But I think if he has the stamina to do it for a longer period of time from regular DCA deposits, he should continue to deposit for a cycle or two or more without withdrawal.

I surely am suggesting to attempt to reach a state of over-accumulation before beginning a time-based sustainable withdraw approach.

Of course! An investor should build a rational holding in his long term Bitcoin journey where he will simultaneously accumulate Bitcoins in the DCA strategy and take advantage of a maximum 25% withdrawal from excess savings if the spot price is higher than the average purchase price.

[Roseline492]

Practice investing in the early stages, strengthen the budget first for your living needs, set aside a few percent because investment is not for one week but one year, five years, ten years and can even last a lifetime. So little by little it will become a hill. Just buy routinely like most people have done.

Exactly.

Investments aren't mostly for short term although if you're in a jackpot and your investment pumped a lot in a short period, that's for you to decide.

But in the case of Bitcoin, this is better for long term holds.

Is there anything like jackpot on Bitcoin investment? Because I have not actually heard of it before, do you mind explaining it? Or is it when the Bitcoin price moves very higher as you are holding it that's why is considered to be jackpot? Well is the investors decision on what they intend for there investment because anybody who has made up there mind to invest on Bitcoin is not supposed to get too much attached with getting or wining a jackpot because there is a huge difference from a short term profit and long term profit because is obvious Long term will always supersede the short term.

[arwin100]

Practice investing in the early stages, strengthen the budget first for your living needs, set aside a few percent because investment is not for one week but one year, five years, ten years and can even last a lifetime. So little by little it will become a hill. Just buy routinely like most people have done.

Exactly.

Investments aren't mostly for short term although if you're in a jackpot and your investment pumped a lot in a short period, that's for you to decide.

But in the case of Bitcoin, this is better for long term holds.

Is there anything like jackpot on Bitcoin investment? Because I have not actually heard of it before, do you mind explaining it? Or is it when the Bitcoin price moves very higher as you are holding it that's why is considered to be jackpot? Well is the investors decision on what they intend for there investment because anybody who has made up there mind to invest on Bitcoin is not supposed to get too much attached with getting or wining a jackpot because there is a huge difference from a short term profit and long term profit because is obvious Long term will always supersede the short term.

Maybe its just a self expression towards the profit they gain and call it as jackpot since gaining is means a win for them. Usually this is common word used by gambler so I assume that he is a gambler that's why he use those word on his statement.

But in bitcoin thing its really hard to spot a jackpot gains if we mean x1000 gain since gradual increase of price is usually happening with those coin. These kind of scenario happened on some shitcoins which we see pump and dump schemes is so common happening here. And people should avoid it if they don't want to experience painful defeat and maybe more better for to just go with bitcoin since provably that they will never get disappointed with this coin if they aim for long term.

[asarfiar]

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

[Felicity_Tide]

Practice investing in the early stages, strengthen the budget first for your living needs, set aside a few percent because investment is not for one week but one year, five years, ten years and can even last a lifetime. So little by little it will become a hill. Just buy routinely like most people have done.

Exactly.

Investments aren't mostly for short term although if you're in a jackpot and your investment pumped a lot in a short period, that's for you to decide.

But in the case of Bitcoin, this is better for long term holds.

Is there anything like jackpot on Bitcoin investment? Because I have not actually heard of it before, do you mind explaining it? Or is it when the Bitcoin price moves very higher as you are holding it that's why is considered to be jackpot? Well is the investors decision on what they intend for there investment because anybody who has made up there mind to invest on Bitcoin is not supposed to get too much attached with getting or wining a jackpot because there is a huge difference from a short term profit and long term profit because is obvious Long term will always supersede the short term.

What @ livingfree actually meant by jackpot is, when Bitcoin happens to experience a good price increase within the period an investor buys a certain amount. It's just like purchasing Bitcoin today at a price of $57K, and it went up to $67K the following week. To my best understanding, that's what I think he was trying to say.

And to add to what @ livingfree had said. I think it takes discipline to stick with the objectives and goals of Bitcoin investment. Because from a natural human perspective, if an investor gets/sees the price of Bitcoin rising to a very good level within a short period of making some purchases, there must surely be some element of thought that compels the investor to selling. I won't really call it greed. It's just the natural human nature to change with certain things around them. This is what makes us different from robots, that are designed to follow simple instructions.

So even if an investor has the objective of accumulating a certain amount on a weekly basis over a number of years and aim to meet a specific target by the end of that period, it will definitely require discipline to achieve these goals, because Bitcoin price increase can be very tempting. So I will continue to encourage all investors to have objectives and goals, and most especially have other sources of income that won't get us too attached to our investment because we already have something we can survive on.

[Zanab247]

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

You must mentally know that buy BTC in the bear run is the best decision for hodlers to take when buying BTC from the market, because it will help them to earn profits when they are about to sell BTC in the bull run, and that is where mentally hodlers feel like selling their BTC to accumulate profits. BTC has gone round in many societies and environments, and it has open many BTC users eyes to hodl their BTC till bull run occur because they know, that is the best season to make a reasonable profit from their investment and it has made many investors to alway pay attention to bull run whenever they are hodling their BTC.

In this aspect of long term hodling and short term hodling, it is the matter of choice because there are some people who are not after big profit and they prefer short term where they will be earning little profits, while there are some people who are after big profit to earn and their major strategy is long term hodling because that is the simple way they can earn big profits from their hodling.

[Tmoonz]

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

You must mentally know that buy BTC in the bear run is the best decision for hodlers to take when buying BTC from the market, because it will help them to earn profits when they are about to sell BTC in the bull run,and that is where mentally hodlers feel like selling their BTC to accumulate profits. BTC has gone round in many societies and environments, and it has open many BTC users eyes to hodl their BTC till bull run occur because they know, that is the best season to make a reasonable profit from their investment and it has made many investors to alway pay attention to bull run whenever they are hodling their BTC.

In this aspect of long term hodling and short term hodling, it is the matter of choice because there are some people who are not after big profit and they prefer short term where they will be earning little profits, while there are some people who are after big profit to earn and their major strategy is long term hodling because that is the simple way they can earn big profits from their hodling.

From the bolded part of your post it seems you have a wrong narrative of a holdler to be buying Bitcoin during the bear to be best option whereas a hodler prioritize buying Bitcoin regardless of the market conditions whether in bear or in bullish since the plan is to hold for a longer period of time, this can be misleading especially to newbies coming to the thread even thou the concepts of discussion is not  based on buying and selling Bitcoin but to buy and hold. it is the short term profits traders that prioritize buying Bitcoin in the bear market to sell the bull run. My point is that is that even in the bull run not every Bitcoin holder can be in profits but rather it is those who has a reasonable amount of Bitcoin and has held for a longer period of time possibly for about 4 to 10 years or even more.

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

You are right when you said it is good enough for anyone coming in to Bitcoin to have that mental preparedness so as to make an informed investment decisions but you are wrong when you said you have to make proper research to know when Bitcoin price is going down or going up, such criteria is  not necessary before any one could start his or her Bitcoin accumulation, why wasting time figuring to know when the price of Bitcoin is going down or going up get the fucking started with the dca strategy and figure out other things on your way up, forget about the price rather you should be thinking of increasing your holding. Being skeptical about Bitcoin is personal because Bitcoin has gone far beyond it's early stage.

[EclipseXcrypto]

Let's be honest
A person who's only concerned about the dip should be considered a trader
An investor doesn't just wait for the dip
They have a target and a plan in making their investment.
Pick a project(Bitcoin) you trust with a great future and accumulate rather than waiting for dip to sell the top.
Yes once the dip comes buy not because is a dip but an opportunity to get cheaper especially if you have the spare funds. 

Whoever thinks the dip is only the right time to invest in bitcoin can never invest bitcoin because when the dip is considered as the only time to buy bitcoin, the dip will also be a threat to hodl bitcoin. Some people believe the dip is good for them to buy bitcoin but also see the dip as bad to their investment.  To be able to hodl and be successful in it one needs to grow the mindset to see the dip as no harm, it is only an opportunity to buy bitcoin. The dip is not the end of an investment, but just a movement of the market,  people needs not to bother about it but instead to focus on how to accumulate more Bitcoin and hodl to make a good profit for the future.

The dip is an opportunity and a chance to buy more bitcoin but don't wait for it before to happen before investing . Waiting for a dip is simply means that you're timing the market of which there is no perfect time to invest in bitcoin than doing right away with the available funds using a DCA strategy which can help an investor buy and accumulate bitcoin at comfortable prices,  the approach can help reduce the stress of timing the market. It a gradual and a steady way to accumulate and build a Portfolio.

[adultcrypto]

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

[sotelorene]

Let's be honest
A person who's only concerned about the dip should be considered a trader
An investor doesn't just wait for the dip
They have a target and a plan in making their investment.
Pick a project(Bitcoin) you trust with a great future and accumulate rather than waiting for dip to sell the top.
Yes once the dip comes buy not because is a dip but an opportunity to get cheaper especially if you have the spare funds. 

Whoever thinks the dip is only the right time to invest in bitcoin can never invest bitcoin because when the dip is considered as the only time to buy bitcoin, the dip will also be a threat to hodl bitcoin. Some people believe the dip is good for them to buy bitcoin but also see the dip as bad to their investment.  To be able to hodl and be successful in it one needs to grow the mindset to see the dip as no harm, it is only an opportunity to buy bitcoin. The dip is not the end of an investment, but just a movement of the market,  people needs not to bother about it but instead to focus on how to accumulate more Bitcoin and hodl to make a good profit for the future.

Exactly, the Dip is just an opportunity for an investor to accumulate or increase their portfolio according to their capacity because not everyone can be able to accumulate or increase their portfolio during the Dip. The Dip is not a must to accumulate more Bitcoin in ones portfolio but most people abuse it which result to panic and selling when investment is not due. Since Dip is not a one time something why putting oneself into pressure, why not relax if you don't have funds to increase your portfolio and secondly people who sees the Dip as a threat are investors who doesn't understand how the market works, I believe knowing how the market works will or is one of the thing that can bring success in our investment and not only in Bitcoin but outside...

[Fiatless]

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

There was a thread where a member narrated how he sold his landed property to invest in Bitcoin. He was lucky to buy when the price was very low, and he was able to make a good amount of profit. Accessing a loan to invest in Bitcoin is a very bad option. The price of Bitcoin is unpredictable so I wonder how he intends to arrange the repayment plans. Pressure from creditors can make him sell his Bitcoin investment at a loss.

The best option remains investing what you can afford based on your income and making provisions for backup or emergency funds. Bitcoin is still in its early stage, there is no need to rush into Bitcoin investment if you don't have the financial backup. There will always be opportunities to invest in Bitcoin.

[synchronym]

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

There was a thread where a member narrated how he sold his landed property to invest in Bitcoin. He was lucky to buy when the price was very low, and he was able to make a good amount of profit. Accessing a loan to invest in Bitcoin is a very bad option. The price of Bitcoin is unpredictable so I wonder how he intends to arrange the repayment plans. Pressure from creditors can make him sell his Bitcoin investment at a loss.

The best option remains investing what you can afford based on your income and making provisions for backup or emergency funds. Bitcoin is still in its early stage, there is no need to rush into Bitcoin investment if you don't have the financial backup. There will always be opportunities to invest in Bitcoin.

We must invest keeping in mind that Bitcoin is risky. Many times it is seen that we are too hasty in investing in Bitcoin. Many times it is seen that we become more confident in investing in Bitcoin due to which we even invest in Bitcoin with loans. Of course we have to keep one thing in mind that Bitcoin has market volatility so it is not acceptable to invest in Bitcoin investment by borrowing. In Bitcoin we must invest very carefully so that we don't lose capital, so investing in Bitcoin with debt I personally don't think is very acceptable because there is a fear of losing money and an urge to repay the loan. So we have to invest very carefully so that we can earn enough profit in investing in Bitcoin which will make us more interested in investing.

[Ruttoshi]

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

You must mentally know that buy BTC in the bear run is the best decision for hodlers to take when buying BTC from the market, because it will help them to earn profits when they are about to sell BTC in the bull run, and that is where mentally hodlers feel like selling their BTC to accumulate profits. BTC has gone round in many societies and environments, and it has open many BTC users eyes to hodl their BTC till bull run occur because they know, that is the best season to make a reasonable profit from their investment and it has made many investors to alway pay attention to bull run whenever they are hodling their BTC.

In this aspect of long term hodling and short term hodling, it is the matter of choice because there are some people who are not after big profit and they prefer short term where they will be earning little profits, while there are some people who are after big profit to earn and their major strategy is long term hodling because that is the simple way they can earn big profits from their hodling.

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

You must mentally know that buy BTC in the bear run is the best decision for hodlers to take when buying BTC from the market, because it will help them to earn profits when they are about to sell BTC in the bull run, and that is where mentally hodlers feel like selling their BTC to accumulate profits.

No one is saying that buying bitcoin during the bear market is not the best to buy bitcoin cheaper, but you are sounding more like a trader or someone that will prefer to be sitting on the fence wasting the opportunity that he is supposed to use to get started into his bitcoin investment and take advantage of the market with your DCA strategy by buying regularly weekly or monthly consistently without stopping for long period of time. It is a wronv advice because if someone have his money to get started, he should and not keep the money till when the bear market comes, that is a sign of unseriousness on investing in bitcoin.

Also you are short sighted about what the price of bitcoin will be in ten years time and this why you are talking about taking profit in the bull run after you have bought during the bear, whereas we have a lot of bull runs to come. There's what is know as the compounding effect of your bitcoin portfolio whereby, the quantity of your bitcoin in four years time will generate profits and when you don't sell, your new profits increases your bitcoin portfolio and that new size of your bitcoin portfolio will generate higher profits overtime. If you sell within a circle, you will miss that compounding value.

In this aspect of long term hodling and short term hodling, it is the matter of choice because there are some people who are not after big profit and they prefer short term where they will be earning little profits, while there are some people who are after big profit to earn and their major strategy is long term hodling because that is the simple way they can earn big profits from their hodling.

Those who are after small profits are traders and I also classify short term investors as traders too. Why are you in a rush to take little profit when you can just forget about taking profits and build your bitcoin investment to a higher level that you will enjoy the benefits in the future. Long-term bitcoin investment limits the risk of running at loss because the price of bitcoin will keep increasing overtime due to its value going up. What if you sell and the price of bitcoin didn't come down but rather went up and stayed there for some time, don't you think that you mighy spend the funds for other unforeseen challenges. Newbies should have the mindset of long term investment to enable them hodli for long and have good profits.