Buy the DIP, and HODL!

[Dailyscript]

You are wrong; no bitcoin investor who is accumulating bitcoin for long-term purposes and understands bitcoin will get scared anytime there's a dip; rather, the investor will see the bitcoin dip as an opportunity to

Lol unfortunately we humans
No matter how we trust in a thing we still get scared sometimes
Like when is it going to stop?
How much is it falling?
Even Christians do get scared despite their faiths in Christ.
So getting scared sometimes as an investor doesn't make you short term or a trader it means you human.
Now when you do sell because of the scare then we can say they in it for the short term.

You seem to have shifted from the topic of discussion. Returning to the discussion the psychological aspects of investing and fear of loss show that the investors are scared and bit because they still lack some understanding of Bitcoin or they dont have any clue at all about what Bitcoin investment is. This is where the knowledge and experience in Bitcoin matters. There is a saying 'When you're not informed you're deformed.' This means that things we lack knowledge of are way bigger than us and we are scared of it because we cannot comprehend them. Being scared about investing their money in Bitcoin doesn't make them win. They should be more scared of saving their money in local banks.

In my own DCA and purchase data, I bought corn at these prices on those dates at the end of each month:

22 /11/ 2023 $ 43,997.9 (DCA)
31 /01/ 2024 $ 42582.61 (DCA)
28 /02/ 2024 $ 62504.79 (DCA)
30 /03/ 2024 $ 69892.83 (DCA)

I have started and hold bitcoin investments,How did you all do dca or dip?

You seem quickly tired of holding your Bitcoin i would advise you not to be pushed to sell them.

In brief help me tell you I have been able to DCA consistently and sometimes buy the dip. Perhaps you can adopt the method and see how it syncs with your goals and risk management. The first time is a commitment to dcaing the highs and lows, no matter what the price of Bitcoin is. Also, dont just buy Bitcoin because of the hype and excitement of where the price will be in the next year. Because if you do, your mindset will all be on the profit you want to make and not the accumulation goals you've set. Instead set your DCA to be weekly buys, bi-weekly or monthly, and stop timing the dip. When the dip comes if you have spare money other than money kept for DCA then you can buy more to achieve your goals faster.

[Ambatman]

You are totally deviating from the discussion that led to the argument because the scared of a Christianity has nothing to do with Bitcoin investment,

Lol how did I?
Giving an example doesn't necessarily mean deviating from the topic.
I'm trying to show a picture that been scared sometimes is present sometimes despite there been faith.
So if I start talking about cornz, it would be considered off topic?

You seem to have shifted from the topic of discussion. Returning to the discussion the psychological aspects of investing and fear of loss show that the investors are scared and bit because they still lack some understanding of Bitcoin or they dont have any clue at all about what Bitcoin investment is. This is where the knowledge and experience in Bitcoin matters. There is a saying 'When you're not informed you're deformed.' This means that things we lack knowledge of are way bigger than us and we are scared of it because we cannot comprehend them. Being scared about investing their money in Bitcoin doesn't make them win. They should be more scared of saving their money in local banks.

How the f have I shifted from the discussion, okay now I have but let's digress.
Don't agree with most of the things you stated except the last .
They should be more scared about saving their money in a Local bank.
Humans are emotional beings, despite knowing that death is inevitable we still scared of it.
You know even when you are in a loss, you would recover and comeback stronger
But sometimes thoughts like when would it stop?
How long would it take to recover among others.
I watched a movie called Locke and keys, and a character sealed her fear and I must say still became blatantly foolish.
What am saying is having the fear is normal, but don't let it influence you.

[EarnOnVictor]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

[BITCOIN4X]

~Snip

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO.

Why not, unless you never buy again after that.
When you buy with DCA, you are essentially automatically buying at a lower average price. Let’s say you buy 1 bitcoin at $68k, then you buy another bitcoin at $60k, another one bitcoin at $55k and another one at $50k, so you have roughly spent $233k to buy 4 bitcoin. At the current price, you still have $20k in profit because your average buy price was lower. At least that’s how the system works when you talk about strategy, but everyone has their own measure.

In a more obvious case, Michael J. Saylor has made huge profits from his DCA strategy on bitcoin. So why should we doubt him for the long term?

This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Yes, there is no perfect strategy, but you can perfect it yourself by developing it. You are free to choose any strategy that you think is profitable, but whatever you think is profitable sometimes does not apply to others, and vice versa.

[letteredhub]

This piece literally sums up the whole idea of investing wisely which is by investing an amount of money you can afford to lose. Investing with a sense of moderation. We need not put all eggs in one basket and by way of this in figuring out our respective level of balance to avoid reckage is by diversifying our investment to other physical assets within our reach that we know can be profitable in the long run.  Now this doesn't mean that bitcoin doesn't have a bright future ahead to do better but it's just a way to guard oneself against future uncertainties everything being equal.

Confidence is in yourself, if you have made up your mind to buy Bitcoin why should you diversify your assets.
In my opinion, if you want to be successful, just get past your doubts, it is true that investing is not with all the money we have but only a part of it, aka we invest with the DCA strategy.
Saylor alone who bought thousands of BTC did not diversify his assets, not to measure it but he knew BTC would not die or lose value if the internet still existed in this world.
Also, you are still hesitant about bitcoin because your post has various meanings that can be explained because you said you have to diversify. It is not wrong, but try to stand with your beliefs.

Portfolio diversification is a basic principle in investing that can reduce overall risk, but as long as the chosen coin has strong fundamentals like Bitcoin, then diversification is not necessary because the more people adopt it, the value of Bitcoin will continue to increase due to its scarcity. Bitcoin has a strong reputation and has been widely adopted around the world, making it more stable than other crypto assets. Although its price also fluctuates, historically Bitcoin tends to recover and continue to increase in the long term. Doubt will hinder the path to success in investment, Bitcoin is the best choice for those who want to invest long term, while DCA allows investors to collect Bitcoin periodically with a percentage of money prepared to invest.

I used to think diversification help reduce risk, my reasons was that It would help in a case where Bitcoin drops in price cause my other coins would still be intact not until I tried it and noticed that when Bitcoin dips, most other Alts dips with it so I had to perish that mindset of diversification and stick to holding Bitcoin, it is the best coin when it comes to investment and doesn't have much risk factor cause even when the price dips you could still DCA and recover losses overtime. infact, so far an investor is thinking long-term which is the main principle of investing in Bitcoin, the dip or fear of price drop shouldn't be an issue so far the investors keeps DCAing at various Intervals over time. Therefore, instead of diversifying I think an investor should channel such energy and funds into accumulating more Bitcoin, I've got to understand that most investors don't understand the DCA method and how helpful it is towards Bitcoin Volatility and that's why they'll be diversifying their portfolio with shitcoins instead of using the DCA to accumulate more bitcoin periodically.

I'm not a fan of diversifying in shitcoins against Bitcoin, it's a red flag for me especially with the knowledge that shitcoins can pump and dump my sorry ass anytime. I'm not cut out for such bad financial moves. Accumulation is better.

In actual sense holding two different coins isn't diversification because they are both cryptocurrency. So buying Bitcoin and then holding too to another doesn't mean you're diversifying bit just rather taking a crazy risk with the altshit-coin. It is diversification when maybe the investor invests in bitcoin and in real estate or any other sort of profitable business order than still crypto. There's no such need accumulating shitcoins while you're DCA with bitcoin , it's going to be a total waste of money you could have used to increase your bitcoin portfolio

[SuperBitMan]

I've asked several friends I know, why they invest on shitcoins when they know that Bitcoin is the most superior Cryptocurrency and shitcoins are pump and dumps and the replies I get is that to they're willing to take the risk and life is full of risk and to make wealth one needs to take risks and then I keep wondering why I'll risk losing my funds to an inferior coin (shitcoins) cause to the quest to make quick money when I could invest on something superior (Bitcoin) and benefit in future. knowing that Bitcoin is superior to other Cryptocurrencies and is the best for investment should make people disregard those shitcoins and what I've come to understand is that some people lack patience they prefer quick money to a good investment with long-term goals and that's why many have failed while on the verge of seeking wealth. I totally agree with you that the best place anyone could invest their money when it comes to Cryptocurrency is Bitcoin and I'll never advise anyone to investment on pump and dumps (Shitcoins) due to the high risk factor involved in it.

I don't think they put a lot of money into shitcoin. That's what they expect. Taking a risk on shitcoin with small money to get a bigger profit. But if your friends dare to put most of their money into shitcoin, I'm sure they are reckless people.
Shitcoin is only for the short term. Not to be held in the long term. The longer you hold shitcoin, the greater the risk of losing it. Unlike Bitcoin which has proven its history. This is just a matter of understanding and principle. Some people may think too hard because of the small capital they have and the inability to hold it in the long term.

Shitcoins should not be considered whether you put small money or not because the risk is too high, instead of one to invest in shitcoins and Bitcoin at same time why not use that money and become aggressive in your Bitcoin accumulation, people knows that as time goes on Bitcoin will grow more bigger in price but lack of patience and the want to make quick money won't allow them to focus in Bitcoin rather they choose something as risky as shitcoin because they believe that is were they can make quick money.
Shitcoins gives.
1. Fear
2. Depression
Because of the high risk involved one can succeed today with a particular shitcoin and lose everything to another shitcoin.

[Salahmu]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

I actually feel bad for your lost, this is the reason why trading your funds should never be a decision attached to your investment plan because is a very risky one, is funny that when they advise people to focus only on holding they would be feeling that they are stopping them from there chances of getting some profits but they never understand that this is the reason why they are being advised so that they would not become a victim of the market, however you can imagine how much Bitcoin you would have possibly have now on your portfolio if all those money was focused on investing on Bitcoin, some persons believe that those who normally accumulate Bitcoin for long term holding are statics investors who are missing out opportunities but what they did not understand is that holding will always outperformed any other patterns.

So actually I believe you have also learned your lesson in a very difficult way since it involves you losing a lot of money, so I believe you have understand that trading is like chasing a shadow that sometimes you feel you can possibly reach out to it or hold it since is very close to you but the more you are trying to get a hold of it that's how is always getting one step ahead of you, so that's just another definition of trading because you can hardly get it right, so why not choose the pattern of investment that doesn't require you anything but to only be consistant in accumulation and holding, perhaps I wish others will learn from your experience so that they would make a better investment decisions and to also realized that trading is an instrument of investment failure.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

[Promocodeudo]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season, if that's the case, what if the dip season doesn't come very quick, that's to say that the investor will keep waiting until the price dips, do you also know that in the course of waiting for the dip to come the person or individuals involved may tamper with the funds set aside for the said investment and that may be the end of the road for them in bitcoin investment.
The reason why many people advocate for DCA method is because it gives you opportunity to use whatever you can afford to invest constantly, slowly and steadily instead of waiting for the dip season to come, and who said someone using DCA method to accumulate Bitcoin can't benefit much too during the dip season, no one is over hyping DCA method as you said, is just that it has proven to be the most efficient and easy going method of accumulating Bitcoin by intending and existing bitcoiners.

Going by what you said about people that bought Bitcoin at 68k in 2021 with DCA method, it seems as if you ain't putting records straight, this year 2024 we all saw Bitcoin reach its ATH thats 70k and above and as an optimistic bitcoiners, we still believe that Bitcoin price is going to surpass the previous ATH, Bitcoin is not doing bad this time as it is in 60k plus which is also close to the previous ATH, I think no one is brainwashed, it is a matter of choice and something that will allow you to invest easily without pressure.

Even experience investors buy with the DCA method but buy in large sum once the price dips because the can't wait until the price dips, they understand that Bitcoin is a volatile asset thats is capable of making funny movement that they might regret not being part of, so for me I don't support your idea of buying the dip only since Bitcoin is a long-term investment buying at all time irrespective of the price check will help you to have a bulky portfolio overtime without pressure and stress of any kind.

[EarnOnVictor]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season

I wonder why this is funny to you, and for the record, an investor who started today might be more reasonable in words and thoughts than those who had started before, it's not all investors that are successful. The distinctions between the two will be the facts coming from them and the later results after testing what they say. I've been in the world of investing long enough to know that @As-Soon-As is very correct and being older to start doesn't change anything, "by their fruit you shall know them," and in this discussion, the best words I can hold on to in the world of investing was from the guy who references dip, but as usual, he was rebuffed by those who should even be lectured about DCA approach.

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

[Ruttoshi]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO.

Why are you sounding as if you don't know what DCA means and you are setting example of someone who bought bitcoin at $68k when you know that he didn't just lump sum on $68k price and remained like that till now. Since you said it is DCA, after buying at $68k he didn't stop but continue buying even when bitcoin was at the bottom line of the bear market, the investor also bought at $16k+ at December 2022 and so on.

It is when you buy once without keeping your DCA ongoing from then till now that the investor might be at loss but if his DCA in still ongoing, the investor should be in profit because he bought more when the price of bitcoin was down compared to when it was up. The reason why I said this is because since when the bear market started till this current price, the time-line is longer than when he bought at $68k.

So when giving an example, you should not only take the side that will favor your point and leave the facts behind. It is clear and many forum member here knows that DCA buying is effective and efficient for a long term hodli, also majority of people here knows that bitcoin long investment and hodli is more profitable but some people will never have the patience to be long-term hodler due to little profits from bitcoin price fluctuation.

Iit is now I understand that you don't know what the effect of compounding value of bitcoin can bring in the long run.

[Wind_FURY]

👀

we try to compare one cycle fractal to the other but it's completely useless. every cycle is unique. the only consistency that i can find is the overall structure, which consists of approximately 400 days of glory, followed by 1,000 days of pain

now, i don't know and i don't need to know when exactly we absolutely pump to narnia. the only thing that i need to do right now, is react. that's all. react and preserve capital. a friend put it very well today when he said "my priority is not making money rn, its not losing bullets"

this is the calm before the storm. work on your edge. study the past bull markets and the recent tech and meme bubbles. get ready to squeeze as much money out of this damned market as humanly possible, with the utmost focus and confidence



https://x.com/intuitio_/status/1835782151041683551

The part of the post about "the priority" is not to make money, but to preserve capital is very wise. I'm very confident that many of the plebs like us have wasted their precious capital to "trade" shitcoins in such a bad market. They either lost ALL of their capital or MOST of it. That would be terrible, especially if the capital was denominated and held in Bitcoin. Merely HODLing it would have preserved capital.

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

There was a shitcoin created some time ago called Davido coin this coin was created by a music star in Africa, when he created it he announced it and a lot of his fans went and bought the coin, he had the highest number of the coin, because of how much interest his fans had on the coin the coin started gaining value and growing in price and before we knew it the music star sold out all his Davido coin and that made the value of the coin to drop so badly so he gain and those that bought the coin lost, so you see shitcoins should be avoided a lot of them are created by scammers people who wants to exploit others.

Davido?



Those sorts of "coins" are causing the opposite of onboarding people in crypto. If a normie's first experience in "crypto" is buying and losing his capital in "Davido", then I'm very confident that that person will never return and start generalizing everything in crypto as a scam. That's actually going to hurt the cryptocurrency that's built to make real social change - Bitcoin.

[Popkon6]

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

[Ricardo11]

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

DCA method is always the best strategy which focuses on increasing the investment portfolio gradually with market average value, it is the best method for a new investor to achieve long term success, an investor's main goal should be to invest regularly.

Usually a new investor is afraid to take risks at first, because they are completely new to the subject and have no experience. So they have to start with a small amount first, and dedicate themselves to hold for a long time. DCA is a long-term strategy, which helps investors grow wealth over the long-term by ignoring short-term market volatility. By using DCA method one can continue to invest regularly on weekly or monthly basis in a simple and orderly manner.

And investing in smaller chunks through DCA also eases the stress on those new investors, while also allowing currencies like Bitcoin to profit from the normal rate of price appreciation in long-term holdings. So undoubtedly DCA method is a stable and disciplined investment method. Which will be much more profitable in the long run for every investor.

[MainIbem]

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season, if that's the case, what if the dip season doesn't come very quick, that's to say that the investor will keep waiting until the price dips, do you also know that in the course of waiting for the dip to come the person or individuals involved may tamper with the funds set aside for the said investment and that may be the end of the road for them in bitcoin investment.
The reason why many people advocate for DCA method is because it gives you opportunity to use whatever you can afford to invest constantly, slowly and steadily instead of waiting for the dip season to come, and who said someone using DCA method to accumulate Bitcoin can't benefit much too during the dip season, no one is over hyping DCA method as you said, is just that it has proven to be the most efficient and easy going method of accumulating Bitcoin by intending and existing bitcoiners.

Going by what you said about people that bought Bitcoin at 68k in 2021 with DCA method, it seems as if you ain't putting records straight, this year 2024 we all saw Bitcoin reach its ATH thats 70k and above and as an optimistic bitcoiners, we still believe that Bitcoin price is going to surpass the previous ATH, Bitcoin is not doing bad this time as it is in 60k plus which is also close to the previous ATH, I think no one is brainwashed, it is a matter of choice and something that will allow you to invest easily without pressure.

The statement of the the DCA method being overhyped might seem surprising but it's not surprising to me cause I see it as a prove to a statement I made earlier that not everyone understands the concept of Bitcoin investment. The question I've got for EarnOnVictor is that, how is the DCA method overhyped? I wonder why he'll say a method that gives every class of investors the opportunity to invest periodically overtime is overhyped. One thing people don't understand about that method is that volatility is not a barrier to it, so far an investor is financial capable of investing for long-term, you don't really have to wait for the bearish season or dip to maximise profits but rather would've invested the little you've got and still take advantage of the bearish season as well so it's a win win situation, expect the investors is one of those who take loans or someone who doesn't have a stable income but wait for the bearish season to take advantage of the market, bit it's not very advisable and also not the concept of Bitcoin investment, Bitcoin investment are for those who think long-term and not for people who invest to take profits after an upsurge. Those who invested in 2021 at 68k with the DCA method has nothing to lose and their's chances that they even got more coin in their portfolio cause BTC still set an ATH this year and moreover they've been staking their portfolio overtime and gain back what they've lost at every upsurge, that's what EarnOnVictor should've thought about before making that statement.

[Zackz5000]

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

Every person should have negative thoughts about Shitcoin. Many people invest in Shitcoin only to make profit despite knowing its disadvantages. They know there is more to lose than gain in Shitcoin. Temporarily a number of people are lured by the phenomenon of earning from Shitcoin and they get into Shitcoin. Their aim is that they too will earn more money in less time and become rich overnight. I think they are deluded and will realize it after they lose more.

Where is the profit in sheetcoins?  
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Let me start by asking are you not aware that shitcoins are unreliable coin to invest on? Shitcoins are unreliable to invest on because at the end you will definitely regret investing of shitcoin, though experience is the best teacher I believed you have learnt from your mistake now.
The best coin to invest on is Bitcoin if your plan is to accumulate Bitcoin and hodl for long.

Bitcoin has been tested and trusted even if you accumulate Bitcoin and the price dip do not panic because it will definitely rise back that is is the movement of BTC if your plan is to accumulate and hold for long you will definitely make profits in the future.

With the DCA strategy you can accumulate Bitcoin regularly either weekly or monthly and hodl for long as long as your discretionary income has been made available.

[JayJuanGee]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season, if that's the case, what if the dip season doesn't come very quick, that's to say that the investor will keep waiting until the price dips, do you also know that in the course of waiting for the dip to come the person or individuals involved may tamper with the funds set aside for the said investment and that may be the end of the road for them in bitcoin investment.
The reason why many people advocate for DCA method is because it gives you opportunity to use whatever you can afford to invest constantly, slowly and steadily instead of waiting for the dip season to come, and who said someone using DCA method to accumulate Bitcoin can't benefit much too during the dip season, no one is over hyping DCA method as you said, is just that it has proven to be the most efficient and easy going method of accumulating Bitcoin by intending and existing bitcoiners.

Going by what you said about people that bought Bitcoin at 68k in 2021 with DCA method, it seems as if you ain't putting records straight, this year 2024 we all saw Bitcoin reach its ATH thats 70k and above and as an optimistic bitcoiners, we still believe that Bitcoin price is going to surpass the previous ATH, Bitcoin is not doing bad this time as it is in 60k plus which is also close to the previous ATH, I think no one is brainwashed, it is a matter of choice and something that will allow you to invest easily without pressure.

Even experience investors buy with the DCA method but buy in large sum once the price dips because the can't wait until the price dips, they understand that Bitcoin is a volatile asset thats is capable of making funny movement that they might regret not being part of, so for me I don't support your idea of buying the dip only since Bitcoin is a long-term investment buying at all time irrespective of the price check will help you to have a bulky portfolio overtime without pressure and stress of any kind.

Just to be clear.  A person who started buying $100 per week of bitcoin in a DCA style in early 2021 would have gone through a couple of BTC price peaks in 2021, yet such person would have had invested right around $19.5k and would have had right around 0.586 BTC (currently valued at about $36,300).  That is right around 86% in current profits, and with an average cost per BTC of $33,376.  Yeah sure such person is not going to be stupendously rich, but still any of us should likely realize that it takes time to build up an investment portfolio, and trading is unlikely to get us to a great position faster than staying focused on ongoing and persistent investing, which is accumulating BTC through the buying it and not fucking around with selling it, especially if our goal is to accumulate it..

[edited out]

 
Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not.

In late 2015 there were plenty of guys waiting for lower than $200 BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin while BTC prices were in the mid-$200s for most of 2015, and by early 2016 we were no longer going to see sub $300 prices ever again.  How are those guys doing?

In late 2016 and even into early 2017 there were plenty of guys waiting for lower than $500 BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices bounced between $350 and $250 in the beginning of the year and between $550 and $800 in the later part of the year, yet by early 2017 we ONLY saw one dip to about $800 and mostly thereafter there were no longer going to see sub $1k prices ever again.  How are those guys doing?

In late 2018 and even lasting into early 2020 there were plenty of guys waiting for lower than $2k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when we had a lot of opportunities to buy $4k to $6k range until May 2019, and by May 2019 we barely saw sub $6.4k, except for the one extra-ordinary dip that we saw down to $3,850 in March 2020, with a fairly quick return above $6.4k (within less than 4 weeks the BTC price was back above $6.4k).  Thereafter we were no longer going to see sub $6.4k prices ever again.  How are those guys doing?

In late 2022, there were plenty of guys waiting for lower than $12k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices were below $20k, yet by March 2023, sub $24k prices were never seen again. How are those guys doing?

In late 2023, there were plenty of guys waiting for lower than $24k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices were between $25k and $30k, yet by late October  2023, sub $33k prices were never seen again. How are those guys doing?


These days, there seem to be plenty of guys waiting for lower than $49k BTC prices, or fearing that such prices will play out, so they have not been buying bitcoin or enough bitcoin when BTC prices were below $60k.  Sure, it is too early to know whether BTC prices will return below $60k again or not, and surely some guys are still waiting for lower $50ks or even much lower BTC prices. How are those guys doing?  or how are they going to do if the BTC price does not again visit sub $60k?  I am not going to claim to know, yet I have frequently seen that it tends to be a good and a good practice to prepare for up, just in case, and overly preparing for down, or even selling on the way up for any guys still accumulating BTC, their BTC stash has not tended to fair very well when they are selling on the way up and hoping to back more on the dip... dips that sometimes do not end up happening.

Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long?

There is no reason to try to berate investors who might have had started investing into bitcoin either during a price rise or while the BTC price is dipping - so that yeah, surely there are going to be some times in which the BTC price goes down after investors have invested into bitcoin.. .and sometimes the BTC price can go down for extended periods of time after a person had started to invest into bitcoin.  The mere fact that he started to invest early, that he stayed into the investment or that he continued to buy BTC as the BTC price was dropping would not make him a "not smart" investor as you seem to be suggesting.

No one really knows where the BTC price is going to go, and waiting does not seem to be a good way to prepare for UP in case the BTC price ends up going up rather than either down or sideways.  There is no way that any of us can really know if we are sufficiently and/or adequately prepared for up, unless we are continuously, ongoingly and persistently buying BTC no matter the price and/or until we get to a point in our BTC stack size that we are feeling that we have enough BTC to be prepared for up.

Yeah, retrospectively, we can look at the BTC price, and we can see that we might have had preferred to buy BTC during certain dip periods rather than at or near BTC tops, yet at the same time, those BTC price charts ONLY become clear after the time had passed, and many times (if not most) we cannot really ever know in advance if the BTC price might be going to go down rather than up.  I have been watching BTC charts for nearly 11 years, and I don't claim to hardly know which direction the BTC price is going to go in the short term, yet at the same time, I tend to consider that in the longer term there are decently good chances that the BTC prices are going to continue to go up, so in some sense even if we cannot know if there is ever going to be a dip, it is better to ongoingly, consistently and persistently buy BTC rather than sitting around waiting for dips that might or might not end up happening.  Sure, the more BTC that we accumulate, the more justification there might be to hold back some value to prepare for buying dips, yet without necessarily getting too greedy in regards to how much of a dip that we might need in order to employ whatever extra capital that we might have.
 

Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

Sure.  There might be times in which some value might be held back.  Are you suggesting that we currently are in such an overbought location? or heading towards a bear market?  I don't believe in bullshit about switching back to bull and bear, and I do agree that sometimes when we know that we have entered into a bear market, it might have had already been happening for a while... .. yet trying to really predict on short-term scales seems a bit fanciful, even if you claim that you are able to do it.

[edited out]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Let me start by asking are you not aware that shitcoins are unreliable coin to invest on? Shitcoins are unreliable to invest on because at the end you will definitely regret investing of shitcoin, though experience is the best teacher I believed you have learnt from your mistake now.
The best coin to invest on is Bitcoin if your plan is to accumulate Bitcoin and hodl for long.

How could you have any confidence that Odusko has learned any kind of lesson, except that he is whining based on some recent mistakes that he had made in regards to shitcoins.

I doubt that people learn any lesson merely by saying that they learned a lesson. 

The main way to know that Odusko has actually learned a lesson is with the test of time, and surely many of us likely already realize that if we have been investing for a long time, then we likely know that we make many mistakes in our investment lifetimes, and hopefully we try to learn from our mistakes and to improve our practices.  I don't necessarily believe that any one of us has actually learned a lesson based on our stating that we learned a lesson, even though surely recognizing the mistake is a step in the right direction, yet it takes a whole hell of a lot of time to build up an investment portfolio, so within the journey of building up the investment portfolio there are more and more chances for more and more mistakes. 

Sometimes it is also difficult to stop a gambler who wants to take short cuts, and so frequently gamblers get burnt over and over and over, and sure in the earlier years of building up an investment portfolio there are likely areas of improvement and potential for improvement, yet at some point, the time runs out, since part of the great advantages of actually having an investment mind rather than a trader, gambler or a shitcoiner mind is that there is a need for patience and to use time to your advantage, and at some point, the investor no longer has 4-10 years or longer that he is able to invest, and even with bitcoin, those folks who have more time are likely going to be able to do much better than someone who might try to merely use ONLY one cycle to get in and out of bitcoin, versus the person who plans to stay into bitcoin for life.

TLDR.. Talk is cheap... even though surely recognizing the issue is helpful in terms of actually being mentally able to take prudent and meaningful actions to rectify the mistakes.

Bitcoin has been tested and trusted even if you accumulate Bitcoin and the price dip do not panic because it will definitely rise back that is is the movement of BTC if your plan is to accumulate and hold for long you will definitely make profits in the future.

Bitcoin is not guaranteed to go up or to pay off, so each of us has to figure out our investment approach and the size of our investment, including how aggressive (or whimpy) that we might want to be in regards to our bitcoin investment.

With the DCA strategy you can accumulate Bitcoin regularly either weekly or monthly and hodl for long as long as your discretionary income has been made available.

Yep.. Surely we should be investing from our discretionary income and figuring out various BTC accumulation strategies, whether that is DCA, lump sum and/or buying on the dip.. and yeah, having a 4-10 year or longer timeline is probably helpful.. and yeah, if we cannot resist but to get involved in shitcoins or trading rather than strictly buying, we should attempt to limit (without cheating) those kinds of gambling activities to less than 10% the size of our BTC holdings... so yeah, if the various shitcoins and trading are not profitable, we should not be continuing to take 10% from our bitcoin, even though surely any new money invested into bitcoin could be 90% into bitcoin and then 10% into shitcoins, gambling, trading and that kind of bullshit that might still help us to satisfy some of our curiousity, but yeah, if we are overly obsessed with various shitcoins and/or trading projects, then we likely are still overly investing time and energy into that crap, so we might need to bring ourselves back to focusing on 90% into bitcoin, yet if we cannot control ourselves, it may well be better to just completely say no to shitcoins, gambling and/or trading for several years and then see how that kind of a complete abstinence from gambling practices ends up playing out.

[Promocodeudo]

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

Every person should have negative thoughts about Shitcoin. Many people invest in Shitcoin only to make profit despite knowing its disadvantages. They know there is more to lose than gain in Shitcoin. Temporarily a number of people are lured by the phenomenon of earning from Shitcoin and they get into Shitcoin. Their aim is that they too will earn more money in less time and become rich overnight. I think they are deluded and will realize it after they lose more.

Where is the profit in sheetcoins?  
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Bitcoin remains the most Acura and less volitile asset to either trade or hold for long term, because with Bitcoin, your chances of losing is very low and take a long time for that to possibly happens, but this can not be same with shitcoins coins.

Many cryptocurrency investors have lost a whole lot of money ever since the memecoins craze came on board a d still many are willing to lose more instead of learning from their mistakes and choosing only Bitcoin as against those shitcoins.

Am sincerely sorry for the loss of your funds but its unfortunate that you learnt in a hard way and its what it is, as a matter of fact you can now differentiate between Bitcoin and shitcoin which one is better, shitcoins are not trusted talk more of trading them, I see where you said people should not trade or hold shitcoins at all, after cross checking your statement, I think that if you still come into Bitcoin, you might likely go into trading again though am not concluding but i said this because you mentioned trading again after losing your funds in it.

If am to contribute, I will say that you shouldn't think of going trading lane again once you are involved in Bitcoin investment because with your rank in this forum I believe that you know that Bitcoin is a long-term investment and I think the concentration of all bitcoiners should be the future not short-term bases, I can see that you now understand that shitcoin have unrealistic end but I want you to also have the same mindset on trading, trading is like a gambling that's is full with uncertainty that has a high probability of loss than profit, so for you to remain relevant in your Bitcoin investment you should concentrate on investing with DCA mathod which i believe you know already, this allows you to invest gradually with what you can afford and maintain efficiently without being coerced until you reach your investment set goal and hold for a long-term.

People lose because of greed and lack of knowledge, most people fail to differentiate between Bitcoin investment and trading, trading is a short-term investment that has the ability of ruining an individual investment plan, some people are still losing in trading because they are addicted to it as such they are not ready to let go because they still believe that they will make profit someday thats why is not advisable to go into trading in the first place because it is addictive like gambling, it is better to invest in Bitcoin gradually with what you can afford than waisting your time in chasing a quick unrealistic short-term goal.

[Moreno233]

Davido?



Those sorts of "coins" are causing the opposite of onboarding people in crypto. If a normie's first experience in "crypto" is buying and losing his capital in "Davido", then I'm very confident that that person will never return and start generalizing everything in crypto as a scam. That's actually going to hurt the cryptocurrency that's built to make real social change - Bitcoin.

I saw when that shitcoin DAVIDO was trending in X and I new that a bunch of gullible were about to get burnt. It was not long before the the news turned against those who thought they were making a wise decision by buying the trend and they started counting their losses. Rumors even have it that the found deliberated cheated his fans by dumping on them at the peak of the hype, typical of every shitcoins where founders always leave the gullible with bag of shit after collecting their money.
 
This is a good reminder that Bitcoin is the reliable asset to invest in for the sake of peace of mind because no one can dump Bitcoin beyond recovery like they do in shitcoins. I'm glad I now know better so I cannot fall for shitcoins anymore as I'm carefully building my Bitcoin portfolio.

[reefsea]

I doubt if people are/is actually loosing hope in Bitcoin because of it current movement because I know people who are craving to just know how Bitcoin works so that they can start investing. The people that can actually loose hope are those people that engage themselves in gambling and trading Bitcoin and hasn't make good profit which is not the best way to go about Bitcoin investment. Anyone that understands how Bitcoin works and knowing that the best way is to invest for long period can/will never loose hope.

How does bitcoin work properly.

I think one of them is to keep buying and holding it.

There is no other way than the mistakes made by investors because they panic.

How people perceive losing hope in Bitcoin.

No one has lost hope in bitcoin, even John McAffe who has left predicted that the price of bitcoin will reach $1 million dollars, he did not lose hope, but unfortunately he has died so his hopes will be seen by many others in the future.

Don't be too desperate, if you make a mistake in your first investment, then you can fix it, my advice is to forget your past and focus on investing in bitcoin the right way.

[Stablexcoin]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Bitcoin remains the most Acura and less volitile asset to either trade or hold for long term, because with Bitcoin, your chances of losing is very low and take a long time for that to possibly happens, but this can not be same with shitcoins coins.

Many cryptocurrency investors have lost a whole lot of money ever since the memecoins craze came on board a d still many are willing to lose more instead of learning from their mistakes and choosing only Bitcoin as against those shitcoins.

Chill out, mate! Even the best and most experienced ones make mistakes at times. The most important thing is that you learn from them and move forward. In the world of Bitcoin, no one is perfect and that is why none has been able to be accurate in predicting the price of Bitcoin now or in the future. The uncertainty of all investors is a general limitation and that should make everyone that we can get lucky in speculating, but don't count on it.

Why beat yourselves when you have acquired the knowledge and tools to start investing in Bitcoin rather than trading? Bitcoin is a rollercoaster. There will be ups and downs. But if you stick to a long-term perspective and focus on just accumulating Bitcoin alone without diversifying for a complete cycle, you'll weather the storm and come out on top. Right now you should be setting a long-term accumulation plan, choosing the best strategy to start investing, and possible means to reduce the risk of your investment. One possible way to do that is to discipline yourself so that you won't get deceivd with the price fluctuation and decide to go back trading.

I saw when that shitcoin DAVIDO was trending in X and I new that a bunch of gullible were about to get burnt. It was not long before the the news turned against those who thought they were making a wise decision by buying the trend and they started counting their losses. Rumors even have it that the found deliberated cheated his fans by dumping on them at the peak of the hype, typical of every shitcoins where founders always leave the gullible with bag of shit after collecting their money.
 
This is a good reminder that Bitcoin is the reliable asset to invest in for the sake of peace of mind because no one can dump Bitcoin beyond recovery like they do in shitcoins. I'm glad I now know better so I cannot fall for shitcoins anymore as I'm carefully building my Bitcoin portfolio.

It is very wrong how people think that celebrities can make them rich through the shitty coins. And these dumb folks will still ape into these celebrity scams. This is one of the reasons I just stick to Bitcoin. It doesn't need any celebrity to influence the price, it does not need hype at all, it is not regulated by anyone. It is a real gem.