Buy the DIP, and HODL!

[cryptoWODL]

Earlier investing usually required pooling some amount of money and after pooling a certain amount of money one could invest with that money but now the strategy of investing has completely changed. Earlier those who earn a lot of money monthly or weekly could invest properly but low income people were deprived of this investment. But now every professional person gets an opportunity to invest in DCA investment strategy. If a day laborer earns five to ten dollars a day and within this amount he can pay his family expenses and still have some money left over to invest in bitcoins. Again in this method there are many students who save tiffin money or tuition and continuously invest in Bitcoin. People who once invest in DCA investment strategy will always want to stick to this investment strategy.

Although investment strategies have changed, However investments still require the same amount of money as before. If you have the necessary cash flow or fixed source of income before investing, you will be able to continue investing comfortably. But I don't think that DCA is a new strategy for investing because many investors have been successful by using this strategy since long time ago. We may have heard of MicroStrategy Company but they are already among the top Bitcoin holders by investing through DCA. They never hesitate to buy bitcoins if they have the necessary cash regardless of market conditions.

Same is the case with us, if we have cash we should not consider delaying buying bitcoins. By adopting this method now people of all professions can invest, they have the opportunity to invest in this method. It is possible to continue investing relentlessly with the money left over after meeting family expenses regardless of income expenditure.

[JayJuanGee]

The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

HODL only works (and applies) to bitcoin.. not to shitcoins. .. so hopefully you are talking about shitcoin and merely just trying to sound smart when you use the term "crypto.".. which in the end makes it seem that you might not know what you are talking about if you either believe HODL applies to shitcoins, or if you believe that you can interchangeably use the term "crypto" within a bitcoin discussion to suggest that bitcoin is the same thing... or more likely the other way around in some kind of implicit suggestion that shitcoins are similar to bitcoin, which they are not.. at least not in the sense of HODL.. which you shouldn't do with shitcoins unless they are a very, very, very small size of your holdings, as compared with your bitcoin stash.

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.

You reasonably asked this excellent question, but if you have been reading my posts about this, it has always been answered here many times. Regardless, it is overhyped by many people here because they believe it will always work without considering the condition of the asset itself, how senseless is that? The asset (Bitcoin in this case) and its price are "supreme" here, and its nature/behaviour must be the number one priority/factor to consider and not the DCA strategy for it to work best.

Fine, the DCA approach is good, no one is disputing that, it averages the risks and gains but telling me to apply it blindly as JayJuanGee and many others are preaching is gross to me.

The reason that yours truly (and likely several others here) are suggesting to just buy blindly is because none of us have hardly any clue which direction the BTC price is going to go in the short and/or the medium term and we also have difficulties knowing if the BTC price is at a top, bottom or somewhere in between, so in that regard, we are much more likely to be better off to just buy BTC regularly, consistently and persistently rather than trying to be smarter than we are including  ending up employing waiting strategies that may or may not end up paying off... and also since bitcoin is amongst the best, if not the best of investments currently available, an overwhelming majority of us are likely going to be way better off to continue to accumulate it no matter the price rather than fuckign around trying to figure out which way the BTC price might or might not go..

Surely after several years investing into bitcoin and perhaps learning about bitcoin and perhaps even studying various bitcoin price charts, some of us might begin to become more comfortable to start to be able to deviate away from a more strict persistent and consistent DCA approach.

Quote me anywhere, there are situations where the DCA approach will fail you for years and other investment approaches will help you out unless you wait (patience),

Are you suggesting to wait right now?

this is why investors should not be static like many of them preach.

It seems to me that employing a waiting strategy is a form of being static.

You can wonder those who believed in the DCA approach buying Bitcoin at $68,000 in 2021 with no regard for the asset condition/chart/behaviour at that time, tell me, 3 years after, are they still in profits? No, what investment plan is that? This is practical!

We already went over this scenario.  Surely the ones who bought at $68k and then just sat around for 3 years, they would be flat, yet the person who continued buy would likely be around 85% profits (of course, depending on particulars in terms of when such person got in and also if they lump sum invested at the top, too). 

All I preach against is not for people to use the DCA, but before using it, try to learn the prevailing market conditions to be careful and avoid tying your money somewhere unprofitably.

You are suggesting to wait from time to time rather than continuing to buy, which might mot be a very good idea for a newbie who needs to build his bitcoin stash.

These guys are only following what they read and watch online,

You want them to follow you instead?  Then what?  They probably will spend a lot of time waiting rather than buying.

some of them are only lucky one way or another thinking they know investing, but they don't.

You probably are the one who does not know the power of persistence in investing rather than fucking around with either trading or trying to be smarter than the market.. which does not frequently play out as well as the investor.

What kind of a time line would you like to make in terms of whether you would have had been able to beat an DCA strategy in bitcoin... Anytime greater than 4 years, you are going to have a hard time beating that, and then you end up wasting a lot of time fucking around.. and scared like a little kitten in the corner.

Perhaps like this?

I wonder how someone would want to DCA with disregard to other market factors if not for their low knowledge of it or being a newbie in it.

DCA works for a lot of people, including allowing them to be active to ongoingly be investing within their own financial and psychological means, while at the same time, they can study into bitcoin and figure out if they might want to deviate from such strategy.

In the other words, it is better to use DCA as a default means to ongoingly build a position rather than starting out fucking around trying to guess if the bTC price might be going up down or sideways.. when newbies (and even folks 4-6 years into bitcoin) are going to have little clues about that.  I mentioned before that I have been watching bitcoin charts for nearly 11 years, and I hardly have any clues about which way the bTC price might be going in the short to medium term, so why would a newbie be able to know more than me in that regard?

If DCA is that perfect, I wonder why big companies are contracting their investment management to brokerages and other investment firms, they should have just DCA at any price and continue to gamble away their money.

Actually you are correct that big companies and others who use investment managers would likely be better off just DCAing into BTC; however, some folks feel more comfortable using an investment advisor, and some companies are required to use an investment advisor based on custodial requirements, but those folks using investment advisors surely have not been beating bitcoin's performance in the past 6-12 years... especially any bitcoin investors who have been mostly erroring on the side of ongoingly buying BTC and holding (those not trying to trade and/or sell their BTC, except perhaps spend and replace). There are hardly any investment advisors who have been able to beat the performance of a BTC DCAer over the past 6 years or longer.

[Natalim]

The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

HODL only works (and applies) to bitcoin.. not to shitcoins. .. so hopefully you are talking about shitcoin and merely just trying to sound smart when you use the term "crypto.".. which in the end makes it seem that you might not know what you are talking about if you either believe HODL applies to shitcoins, or if you believe that you can interchangeably use the term "crypto" within a bitcoin discussion to suggest that bitcoin is the same thing... or more likely the other way around in some kind of implicit suggestion that shitcoins are similar to bitcoin, which they are not.. at least not in the sense of HODL.. which you shouldn't do with shitcoins unless they are a very, very, very small size of your holdings, as compared with your bitcoin stash.

I guess I may have used the wrong word when emphasizing things, but I’m definitely a Bitcoin holder and consider myself a crypto enthusiast because I’m into the overall success of crypto...which is largely driven by Bitcoin. While we favor Bitcoin over other cryptos, we can’t label all altcoins as "shit coins." I have to admit, without these coins, I wouldn’t be able to trade my Bitcoin or buy more when I decide to hold. I’m talking about exchanges like Binance, which is my favorite, and they have their own coin, BNB. We call Bitcoin the king, and I completely agree. But it wouldn’t be called the king without its "people," which are the other crypto coins (not shit coins).

[EarnOnVictor]

These guys are only following what they read and watch online,

You want them to follow you instead?  Then what?

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

They probably will spend a lot of time waiting rather than buying.

Is it not better to wait to strike the market at a more reasonable price and condition? I see no need to be in a hurry to buy Bitcoin when patience is key in so many market conditions, even as we are carefully observing the right factors rather than disregarding them in the name of buying Bitcoin. We will pay for some desperate/aggressive behaviour in investing if care is not taken.

You probably are the one who does not know the power of persistence in investing rather than fucking around with either trading or trying to be smarter than the market.. which does not frequently play out as well as the investor.

I can't but smile at this juncture, but for clarity, I handle investment and trading separately and I even have separate charts and theories for them. What I preach here is what works for me in the investing world and I look forward to a day that "You and I" will contest live on this where I vary my investment strategies and you use your common and static approach and see the better one.

This is an open challenge if you don't mind. Long Live Bitcoin!

[Promocodeudo]

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.

I disagree with you on Bitcoin making people lazy investor since Bitcoin is structured in such a way that an investor can buy and hodl for a long-term, if I may ask, is Bitcoin not a long-term asset? If yes is your answer then you should know that every investor that has been buying or bought and keep holding for a long-term is abiding by the rules and concept of Bitcoin being a future investment, don't forget that the reason why investors don't bother much once their holdings depreciate is because Bitcoin is a long-term investment and long-term investment benefits don't come immediately, it takes time to come.
When you say investment is not by force it is very funny to me because no one has ever said that investing in Bitcoin is by force as you said, the point people has been making here is straightening people mind in other to use favourable and efficient method to achieve their long-term goals in Bitcoin investment instead of going into something that's capable of ruining them financially if care is not taken.

If you see no harm in making use of DCA method why waiting to see if the market is diving into bearish or bullish side as you said when we already know that DCA method gives us the opportunity to buy at anytime repeatedly as much as we can afford, if you say people should wait until the dip season before they can apply the DCA mehod that's a wrong call and it's capable of misleading newbies towards Bitcoin investment, in as much we can't change people decision, I think it will also be nice to say things the way they ought to be.

[Salahmu]

Earlier those who earn a lot of money monthly or weekly could invest properly but low income people were deprived of this investment.

Bitcoin doesn't support any kind of deprivation when it comes to investment because is an open investment that disregards any form discrimination from any pattern of investment or accumulation, so no matter the financial capacity of anyone you can never be derived of your opportunity to invest on Bitcoin because there is nothing mandatory kind of thing that somebody must be able to invest a certain amount before they would be allowed, on the contrary that's not how it is on Bitcoin investment because is very easy and doesn't necessarily mean that everybody needs to be financial solvency before investing on Bitcoin, so actually even if you are a low income earners it doesn't prevent you from investing.

Is very wrong for people or rather starters to build this kind of fear in there mindset because it will certainly affect there conviction towards there Bitcoin investment because the moment an investors have the belief that they are not good enough or having the belief that Bitcoin investment is mainly for the rich it becomes a hindrance to there conviction.

Earlier investing usually required pooling some amount of money and after pooling a certain amount of money one could invest with that money but now the strategy of investing has completely changed.

I don't understand what you mean by early investors always requires pooling out there investment?, could you help and explain what you meant by that? Because I don't no were you get the idea or theory from because I believe that what you said is contrary to the principal of most of the early investors because you are obviously believing that they normally sell there investment and rebuy again, however I don't really believe on that theory because if I'm not mistaken there are several early investors  who are still holding there investment up till now with no plans of going against there principle now.

These guys are only following what they read and watch online,

You want them to follow you instead?  Then what?

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

JayJuanGee is right because obviously since you don't acknowledge the DCA that has been very helpful to everyone you are certainly implying that People should follow your investment pattern instead since you believe that your strategy is better and smarter, actually there is nothing smart in advising someone into using a method that would possibly results them losing everything all because of trying to outsmart the market.

[JayJuanGee]

The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

HODL only works (and applies) to bitcoin.. not to shitcoins. .. so hopefully you are talking about shitcoin and merely just trying to sound smart when you use the term "crypto.".. which in the end makes it seem that you might not know what you are talking about if you either believe HODL applies to shitcoins, or if you believe that you can interchangeably use the term "crypto" within a bitcoin discussion to suggest that bitcoin is the same thing... or more likely the other way around in some kind of implicit suggestion that shitcoins are similar to bitcoin, which they are not.. at least not in the sense of HODL.. which you shouldn't do with shitcoins unless they are a very, very, very small size of your holdings, as compared with your bitcoin stash.

I guess I may have used the wrong word when emphasizing things, but I’m definitely a Bitcoin holder and consider myself a crypto enthusiast because I’m into the overall success of crypto...which is largely driven by Bitcoin. While we favor Bitcoin over other cryptos, we can’t label all altcoins as "shit coins."

Yes.. all altcoins are shitcoins, and they are also off topic in this thread (except to denigrate them) - otherwise we may well devolve into talking about which shitcoin happens to be less shitty, which is a mess...and keeps us away from the topic of the thread, which is complicated enough without having to argue about which shitcoins that various members (including you) consider to be less shitty than other shitcoins. 

So the basic definition is that bitcoin is not a shitcoin, yet anything that is not bitcoin and is building its own token is a shitcoin.  Hopefully that will help you, even though I get the sense that you want to continue to argue your off-topic diversions.

Nonetheless it is worth reiterating that in terms of the topic of this thread, it is better to just stick with bitcoin, and members would likely appreciate that you do not continue to argue about off-topic nonsense, even if there might be some possibility that you could possibly be correct about some altcoin actually not being a shitcoin.

It also seems that even if you had not meant to use the term "crypto", and you had slipped with the use of such term, you seem to be way too sympathetic to embracing shitcoins, and you may well not even understand the difference between bitcoin and shitcoins, that is why you used such term rather than sticking with the use of the term bitcoin, which happens to be the actual topic of this thread, and then now you are wanting to come back and defend shitcoins seems to be making your little slip-up seem to be intentional rather than accidental and/or innocent...

You should realize that using such term (crypto) in an ambiguous way is a kind of pumping of shitcoins to make them seem as if they are similar to bitcoin, which they are not... an overwhelming majority of shitcoins are either affinity scams on bitcoin or they are drafting off of bitcoin's momentum.

I have to admit, without these coins, I wouldn’t be able to trade my Bitcoin or buy more when I decide to hold.

So what? That does not make shitcoins relevant to this thread. 

In this thread, we are talking about investing into bitcoin, which largely means accumulating bitcoin through various buying techniques, including that we are not talking about trading here either.  Trading involves selling, and there is no selling in the title of this here thread, and yeah sure we might have selling that comes later down the road of our investment into bitcoin, but this thread is not about further down the road but instead is about ways to accumulate bitcoin through ongoing, persistent and consistent buying, if possible,... which presumes more of an investment approach.. not trading or including fucking around with shitcoins.  Trading and investing are different, and yeah some guys cannot resist but to trade, so frequently I suggest, at least for the purposes of this thread that guys limit their trading to less than 10% of their bitcoin holdings, yet still that does not make trading as part of this thread.. or anything that we should be attempting to discuss here with anything beyond incidentally mentioning it, perhaps.

I’m talking about exchanges like Binance, which is my favorite, and they have their own coin, BNB. We call Bitcoin the king, and I completely agree. But it wouldn’t be called the king without its "people," which are the other crypto coins (not shit coins).

I think that you got these matters mixed up.... likely backwards. 

King daddy is not following shitcoins but is leading.  So the tail does not wag the dog.  The dog wags the tail, and which asset is the dog?  Guess? I will give you a hint.. .It's not some shitcoin, and yeah if you want to go pump your various shitcoins, there are plenty of other threads to pump them (or create your own thread about all the various shitcoins that you love and believe to be making bitcoin great).. but yeah, maybe you cannot resist continuing to pump shitcoins (or wanting to defend them) and at the same time you end up pushing off topic matters here?   

You probably are the one who does not know the power of persistence in investing rather than fucking around with either trading or trying to be smarter than the market.. which does not frequently play out as well as the investor.

I can't but smile at this juncture, but for clarity, I handle investment and trading separately and I even have separate charts and theories for them. What I preach here is what works for me in the investing world and I look forward to a day that "You and I" will contest live on this where I vary my investment strategies and you use your common and static approach and see the better one.

This is an open challenge if you don't mind. Long Live Bitcoin!

I am not competing with you, yet I did already set forth some DCA scenarios to suggest the the longer that guys had been DCAing the more likely that no trader in similar financial means would have had beaten the DCA investor.  Sure there are guys who might have been able to beat DCA, yet DCA has given pretty decently good returns to date, and there is nothing really showing that DCA is no longer going to be good for the portfolio or regular peeps.

I give less than two shits if whatever you have done beats my portfolio, which I have already described it several times as having costs of around $1k per BTC, so why would I need to do better than that?  Right now around 64x profits, and in the doldrums of 2022 a mere 16x in profits.  Do I need more profits according to you?

These guys are only following what they read and watch online,

You want them to follow you instead?  Then what?

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

JayJuanGee is right because obviously since you don't acknowledge the DCA that has been very helpful to everyone you are certainly implying that People should follow your investment pattern instead since you believe that your strategy is better and smarter, actually there is nothing smart in advising someone into using a method that would possibly results them losing everything all because of trying to outsmart the market.

It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.

So largely EarnOnVictor seems to be just trolling the thread with bullshit ideas of a supposedly superior strategy, and he does not really describe generally applicable ways how investors are supposed to establish their bitcoin position by using such supposedly superior strategy... Maybe he needs his own thread to describe and promote his supposedly superior BTC accumulation strategy?

[freedomgo]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

[SuperBitMan]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

Yeah you are right, I see some people trying to bring altcoin discussion here and they do it in such a way it will sound like they are talking about Bitcoin, we should focus on why this thread was created which is accumulating Bitcoin and hodling.
However one can still tell people to focus on Bitcoin and never invest his or her money on shitcoins I think that is allowed since is still talking about Accumulating and hodling Bitcoin and then creating awareness about the scam in shitcoins and how they have destroyed some people's life's.
Also discussing about the different types of Bitcoin accumulation and things needed to start the journey is also allowed.

[Rockstarguy]

I guess I may have used the wrong word when emphasizing things, but I’m definitely a Bitcoin holder and consider myself a crypto enthusiast because I’m into the overall success of crypto...which is largely driven by Bitcoin. While we favor Bitcoin over other cryptos, we can’t label all altcoins as "shit coins." I have to admit, without these coins, I wouldn’t be able to trade my Bitcoin or buy more when I decide to hold. I’m talking about exchanges like Binance, which is my favorite, and they have their own coin, BNB. We call Bitcoin the king, and I completely agree. But it wouldn’t be called the king without its "people," which are the other crypto coins (not shit coins).

I don't think it is appropriate to classify bitcoin with altcoins together as cryptocurrency.  Since all altcoins are similar I think the best word that is best to describe it is cryptocurrency and let bitcoin be describe with the word bitcoin,  so that when we mention cryptocurrency we know we are talking altcoins.

 Let's give bitcoin some respect because of it uniqueness and not to categorise it among shitcoins all in the name of digital currency. Since the discussion is about bitcoin here it is better to be specific with the word bitcoin when making some point , and when we talk mention of cryptocurrency we know it is about the altcoin.

[Stablexcoin]

This is an open challenge if you don't mind. Long Live Bitcoin!

You seem to have taken this conversation to another level. But why would one want to go into a challenge with you when the main reason why we are having a conversation is to learn and grow? No one is perfect, we all have flaws that is why we learn and grow. If you feel your investment strategy works for you then stick to it. No one is against you for not following the DCA strategy or HODL. That doesn't stop other investors who wish to learn it and adapt it to stick to your ways.

Don't forget that Bitcoin investment is a person's race. I don't expect you to make opinions and conclusions for me and you don't expect me either to do the same for you. So why do you think Jayjuangee would want to go on a challenge with you? You don't even know the value of Bitcoin in his portfolio.

Is it not better to wait to strike the market at a more reasonable price and condition? I see no need to be in a hurry to buy Bitcoin when patience is key in so many market conditions, even as we are carefully observing the right factors rather than disregarding them in the name of buying Bitcoin. We will pay for some desperate/aggressive behaviour in investing if care is not taken.

No, How long can you wait for a reasonable price and condition if it doesn't come any time soon? Perhaps you do not have any goal in your accumulation. You are just investing without any target in mind. Am not against what you do because it's your investment. Just so you know, and investment without a plan and goal cannot be accounted for. Its your choice of setting your goals or not, but there are several advantages of setting goals in bitcoin which i know for sure will help one accumulate enough Bitcoin in the end. Waiting for the best market condition is a wrong approach. Imagine waiting for Bitcoin at 45k and it took two years to get to 45k would you wait for it when your goals in in one year or two year period.

[Wind_FURY]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

 🤔

I never thought about that.

Did the phrase "To the moon" and other such phrases also originate in the Bitcoin community? Because if it did, all of them shitcoin "communities" merely copied their culture from the Bitcoin community. Especially when shitcoin "HODLers" behave like a big crash on their "asset" does't affect them. Perhaps they haven't discovered the fact that it's Bitcoin's network effects, true HODLer mentality, and the fact that it's NOT a scam that's making its price come back to previously high levels AND then surges over it in EVERY cycle.

[freedomgo]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

 🤔

I never thought about that.

Did the phrase "To the moon" and other such phrases also originate in the Bitcoin community? Because if it did, all of them shitcoin "communities" merely copied their culture from the Bitcoin community. Especially when shitcoin "HODLers" behave like a big crash on their "asset" does't affect them. Perhaps they haven't discovered the fact that it's Bitcoin's network effects, true HODLer mentality, and the fact that it's NOT a scam that's making its price come back to previously high levels AND then surges over it in EVERY cycle.

Yeah dude, "To the moon" was first heard during the 2017 bull run. While no one can confirm if it actually started in the forum, let’s just assume it did since Bitcointalk is the most popular Bitcoin forum worldwide.

As for "HODL," it was posted by this guy GameKyuubi back in December 2013. I was surprised to find out that he was still active as of July 30, 2024, even though his last post was way back on January 10, 2020.

[Samlucky O]

The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

HODL only works (and applies) to bitcoin.. not to shitcoins. .. so hopefully you are talking about shitcoin and merely just trying to sound smart when you use the term "crypto.".. which in the end makes it seem that you might not know what you are talking about if you either believe HODL applies to shitcoins, or if you believe that you can interchangeably use the term "crypto" within a bitcoin discussion to suggest that bitcoin is the same thing... or more likely the other way around in some kind of implicit suggestion that shitcoins are similar to bitcoin, which they are not.. at least not in the sense of HODL.. which you shouldn't do with shitcoins unless they are a very, very, very small size of your holdings, as compared with your bitcoin stash.

I guess I may have used the wrong word when emphasizing things, but I’m definitely a Bitcoin holder and consider myself a crypto enthusiast because I’m into the overall success of crypto...which is largely driven by Bitcoin. While we favor Bitcoin over other cryptos, we can’t label all altcoins as "shit coins." I have to admit, without these coins, I wouldn’t be able to trade my Bitcoin or buy more when I decide to hold. I’m talking about exchanges like Binance, which is my favorite, and they have their own coin, BNB. We call Bitcoin the king, and I completely agree. But it wouldn’t be called the king without its "people," which are the other crypto coins (not shit coins).

You are quite funny @Natalim, you seem to be correcting yourself yet you are swimming in the pool of your narrative after being corrected. well I don't think that sticking to your opinion by using those words like "cryptos" "shitcoin"
or "crypto coin" will change anything here since majority here are used to the right words suitable for this thread. You seems to be smarter than others by your opinion but I will advise you follow the Leed to avoid being neglected. I don't disprove your opinion but you can contribute to the altcoin discussion or trading discussion thread but not Here, because Such board was created for people like you who like fucking around with shitcoin, there will be suitable for you. Here is like Rome, and you know they say "when you go to Rome behave like one" here is for bitcoin investors/HODLers, and not shitcoin investors.

[Salahmu]

These guys are only following what they read and watch online,

You want them to follow you instead?  Then what?

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

JayJuanGee is right because obviously since you don't acknowledge the DCA that has been very helpful to everyone you are certainly implying that People should follow your investment pattern instead since you believe that your strategy is better and smarter, actually there is nothing smart in advising someone into using a method that would possibly results them losing everything all because of trying to outsmart the market.

It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.

I agree with you because I have also thought about it that EarnOnVictor is just trying to look for any other means to show that DCA strategy is wrong but he fails to be specific on what strategy he feels is better and why he feels that those other strategy are better than DCA, actually I still wonder how all he has said will be of any beneficial to a holder because when he talk about outsmarting the market he was not even particular on the kind of strategy he proposed to use in outsmarting the market that he believes to be superior than DCA strategy, so actually he doesn't really have any better strategy but instead he is just trying to displaying an assumption that isn't true because there is no any other better strategy to use in accumulation of Bitcoin other than the ones you have explain so far.

[Issa56]

You have been in this thread for a long time, and you have seen how we used to tell newbies how risky it's to invest money in shitcoins, but you choose to use your money to trade shitcoins with the hope of making a quick profit,

Most people don’t do what they preach. The reason why I think most people involve themselves in all this shitcoins is just because they are looking for quick money, and in the process of doing that, we might end up losing everything we have. Real people that understand crypto know that there is no rush in it, and if you are desperate to make money, then you might end up falling in the wrong hands. Trading bitcoin and having patience is just better than trading all these shitcoins because there is just high chances of losing money. If you have been making money from shitcoins previously, don’t be surprised that you will end up losing everything you have made one day.

There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price

Is any shitcoin even built on any solid use case? I don’t really think so, most shitcoins are just based on hype, whenever there is hype, it pumps, and if the hype dies down, it’s dump, and after dump, some of them might not even rise again after dumping. So the best thing is to just invest in bitcoin and have peace of mind.

[ginsan]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

 🤔

I never thought about that.

Did the phrase "To the moon" and other such phrases also originate in the Bitcoin community? Because if it did, all of them shitcoin "communities" merely copied their culture from the Bitcoin community. Especially when shitcoin "HODLers" behave like a big crash on their "asset" does't affect them. Perhaps they haven't discovered the fact that it's Bitcoin's network effects, true HODLer mentality, and the fact that it's NOT a scam that's making its price come back to previously high levels AND then surges over it in EVERY cycle.

The bitcoin community has given birth to many phrases that strengthen it with ideas born from a small but meaningful word.
One of them is Hold, of course it is one of the keys to holding Bitcoin ownership in any situation, also Hold is expressed in the meaning involved in long-term investment, we believe Hold will make us resilient in all storms, be it war or rough Fud out there.

There are many plans that we arrange in starting our investment in Bitcoin. Hold is one of our strategies, by holding then many other phrases are born, namely looking for a direction to increase Btc ownership by DCA. maybe Hold is very close to DCA 

[I_Anime]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

This what am talking about nice one mate , that's why i will keep saying that those that procastinating or waiting for bitcoin price to drop below $20k , all I can say is that is their loss because they will only endup regretting their actions not to invest on bitcoin doing it's early stage , and now is still early to go into bitcoin investment, bitcoin kept proving itself worthy each day to be classified among the best investments so far , and can't believe that back then some folks will be like bitcoin movement is slow and all that , though it may take time sometimes but when it comes to bitcoin surging ,is pretty fast. Like when bitcoin hit it's new ATH which around $73k which is going to beat soon and I can't wait for it's new all time high 

[adultcrypto]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

Thank you for this clarifications because the diversions are much and can become misleading to people who might not know the difference between bitcoin and the numerous shitcoins if all of them are lumped under the word "crypto" or "cryptocurrency". Since the Speculation is for discussion of bitcoin, I think it is proper strive to make the discussion about bitcoin and our choice of words should also follow same.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

Scammers perform their act by making their fake product appear like the original. This is exactly how the creators of the numerous shitcoins operate. The borrow words and terminologies of bitcoin to make it appear like what they are promoting is an alternative to bitcoin or something similar. How on earth do someone HODL shitcoins? That will be like holding on to death.

[Agbamoni]

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

 🤔

I never thought about that.

Did the phrase "To the moon" and other such phrases also originate in the Bitcoin community? Because if it did, all of them shitcoin "communities" merely copied their culture from the Bitcoin community. Especially when shitcoin "HODLers" behave like a big crash on their "asset" does't affect them. Perhaps they haven't discovered the fact that it's Bitcoin's network effects, true HODLer mentality, and the fact that it's NOT a scam that's making its price come back to previously high levels AND then surges over it in EVERY cycle.

Perhaps you are not the only one who has been missing out on some terminologies that were introduced in the Bitcoin community. However, it won't be a bad idea for new and old investors to know more about them, so I share some useful links.

1. https://bitcointalk.org/index.php?topic=126798.0
2. https://bitcointalk.org/index.php?topic=3321001.0
3. https://bitcointalk.org/index.php?topic=2905959.0
4. https://bitcointalk.org/index.php?topic=3296370.0

I agree with you because I have also thought about it that EarnOnVictor is just trying to look for any other means to show that DCA strategy is wrong but he fails to be specific on what strategy he feels is better and why he feels that those other strategy are better than DCA, actually I still wonder how all he has said will be of any beneficial to a holder because when he talk about outsmarting the market he was not even particular on the kind of strategy he proposed to use in outsmarting the market that he believes to be superior than DCA strategy, so actually he doesn't really have any better strategy but instead he is just trying to displaying an assumption that isn't true because there is no any other better strategy to use in accumulation of Bitcoin other than the ones you have explain so far.

I wondered when EarnOnVictor deviated from an educative discussion to a competitive one. Ultimately, who cares who owns more Bitcoin than the other or whose strategies work well for them? Bitcoin investment is meant to be personal. We only share our experiences in this thread to benefit from others facing the same difficulties, share ideas, and come to a personal conclusion. If any other strategy works well for him then he should stick to it, rather than criticizing the DCA that many investors use to accumulate.