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Author Topic: Buy the DIP, and HODL!  (Read 112949 times)
adultcrypto
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October 07, 2024, 12:18:19 PM
 #11321

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
There is no better way to put it than you already did. I think the moments of indecision are long gone and we are now we are heading to the point that one thing is bound to happen which is either a massive dump or a massive rise. And I have the conviction that the bulls will win as everything is aligned to this line of thought. The market have lingered within a region, giving people enough time to buy as much as they can using any of the method they feel comfortable with. Just like you said, we only have this month to organize our bitcoin collection before it becomes a thing of regret for those still soaked in procrastination. With the US election around the corner, we are truly close to seeing price in a new region different from where it has been ranging post halving.

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SmartCharpa
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October 07, 2024, 12:47:36 PM
 #11322

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

I agree with you that using the DCA method to accumulate Bitcoin does not guarantee that we will be getting two times our investment at the end of the year because Bitcoin prices can stay stable for several months. The DCA method is easy to understand, but it is dependent on the amount of money and how the individual wishes to invest. However, some individuals who invest using DCA methods, invest once a week, whereas some buy once a month, however, it's necessary to understand that the DCA method is always profitable for long-term investors.

Furthermore, using the DCA method requires an ongoing strategy where buyers are not bothered by the changing price of Bitcoin and continue to accumulate for a long time because the specific purpose of using the DCA method is that you can buy at a high price and buy at a low price for a long time until the investors become successful with their investment.

R


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October 07, 2024, 03:33:01 PM
 #11323


Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

It is very important for us to face the record straight and concentrate on the discussion of the day, we are discussing about realistic investment not a kind of short-term gambling stuff, if you are making comparison I think you shouldn't be mistaking Bitcoin for altcoin or whatsoever shitcoin out there because the difference is clear.
What points are you trying to make when you say the growth of altcoins are faster when you have already said Bitcoin investments are safe, if may ask, will you consider investing in a realistic and safe asset than investing in an unsafe asset thats capable of dumping totally and keeping you in the state of regret? do you also know that this shitcoins and altcoins stuffs do not increase on their own, the price of Bitcoin controls them all, Bitcoin must appreciate in price before they can increase, though everyone is entitled to their decisions and actions which is personal but I want you to know that this altcoin of a thing is more like a short term investment in form of a gambling and thats not what this thread represent, it is better for you not to go further on this in other not to pass a wrong investment mindset to newbies.

Please I will advise if you are having the mindset of investing in altcoin or shitcoin refrain from it because those are over hyped and unrealistic short-term investment, think towards buying Bitcoin with a good strategy like DCA method thats capable of making you relevant staedily and slowly in the system without any form struggle instead of going ways that can quench your zeal to invest if ugly events takes place, you have already said altcoin dip is more risky, so why indirecting hyping them to the notice of newbies here, please think of bitcoin investment always not altcoin to avoid regrets.


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October 07, 2024, 03:44:04 PM
 #11324

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping. 
I partially will disagree on this not all are dependent, some are independent as well. The  term likely to be used is "Bitcoin correlation". Bitcoin is said to be highly correlated to as many cryptocurrencies, mostly the top ones but we can not generalize it to all. There are some cryptocurrencies whose price movement is not affected at all by the fluctuation of Bitcoin prices. Price movements on this cryptocurrencies are dependent on so many other factors including the potentials of the coin and what it was created to serve, since they are not decentralized as Bitcoin, partnership can also play massive role when dealing with the price fluctuations.

But in the end everything also remains the same regardless of whether it is called a correlation or whatever in one point everything (shitcoin) refers to the movement of bitcoin because after all bitcoin is the king so in this case we do not need to dramatize further because surely the focus will still be on bitcoin not shitcoin.

Although the strong statement about shitcoin stands alone for example but in terms of quality it is clear that the comparison will be very far when juxtaposed with bitcoin which in the end we have a definite condition where bitcoin remains the best and things like that cannot be debated anymore.

On the other hand, for now I think the discussion is too deviated because in the end our initial focus remains on collecting and buying bitcoin so that it will seem to make less sense when saying anything else, let alone the establishment of shitcoin which is said to be independent considering that it is too deviated from the initial discussion.

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October 07, 2024, 03:45:47 PM
 #11325

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
Buy now to avoid future regrets. Otherwise, you will keep on missing the opportunity to buy bitcoin while the price is still not too high. Don't be like others who procrastinate and get influenced by others on their decision making, instead do your own research and analyze the best thing you can do for now, so you won't keep regretting in the future wishing you never doubted the price of bitcoin.

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October 08, 2024, 03:47:57 AM
 #11326

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
You just hit the nail at the head those that stop accumulating Bitcoin now will definitely regret not accumulating Bitcoin now because they believe or think that the price of Bitcoin is high now will definitely miss out the opportunity of accumulating enough Bitcoin believing it's price will go down but might keep on increasing in price.

Procastination is never good when it comes to Bitcoin investment I will buy next month not this month that is how the opportunity of accumulating more Bitcoin is passing by the best is to start accumulating Bitcoin now regardless of the price level on continue to hodl because BTC will definitely do well in the future, with the DCA method of accumulating Bitcoin one can buy little by little either weekly or monthly and hodl than waiting for the price of Bitcoin to drop before accumulating Bitcoin.

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October 08, 2024, 05:31:35 AM
 #11327

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
You just hit the nail at the head those that stop accumulating Bitcoin now will definitely regret not accumulating Bitcoin now because they believe or think that the price of Bitcoin is high now will definitely miss out the opportunity of accumulating enough Bitcoin believing it's price will go down but might keep on increasing in price.

Procastination is never good when it comes to Bitcoin investment I will buy next month not this month that is how the opportunity of accumulating more Bitcoin is passing by the best is to start accumulating Bitcoin now regardless of the price level on continue to hodl because BTC will definitely do well in the future, with the DCA method of accumulating Bitcoin one can buy little by little either weekly or monthly and hodl than waiting for the price of Bitcoin to drop before accumulating Bitcoin.
All these people get lost Opportunities because of their stupid thinking, because there is no guarantee that Bitcoin will go down again, They will miss this opportunity now and regret it later. There are many investors who make this mistake, they wait for bitcoin to fall and then it rises and then they only regret it, and those who indulge in such thinking today will regret it in the future. They will only lose opportunities but never invest at the right time.

The price of bitcoin will decrease next month, or the price of bitcoin will decrease after the next 15 days, or if the price decreases a little more, then I will invest, such thoughts are very dangerous, they should refrain from them. As a result of this they will always only lose opportunities but never invest the right time. They only need to focus on DCA, DCA strategy is always the best effective strategy, in this strategy an investor can literally invest any amount of money within his ability (without waiting for bitcoin price to drop) on a weekly monthly basis and will definitely profit in the long run.

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October 08, 2024, 07:30:29 AM
 #11328

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

I agree with you that using the DCA method to accumulate Bitcoin does not guarantee that we will be getting two times our investment at the end of the year because Bitcoin prices can stay stable for several months. The DCA method is easy to understand, but it is dependent on the amount of money and how the individual wishes to invest. However, some individuals who invest using DCA methods, invest once a week, whereas some buy once a month, however, it's necessary to understand that the DCA method is always profitable for long-term investors.

Furthermore, using the DCA method requires an ongoing strategy where buyers are not bothered by the changing price of Bitcoin and continue to accumulate for a long time because the specific purpose of using the DCA method is that you can buy at a high price and buy at a low price for a long time until the investors become successful with their investment.

You are absolutely correct, some people think that since DCA is the best and reliable strategy that success is sure or certain not knowing that they are the one that will make the strategy work. Someone's success in Bitcoin investment whether using the DCA, lump sum, buy Dip depends on the investor's consistency, discipline and the ability to manage investment and I want to let us know that every individual has an atom of management skill in them but is just left for them to build or grow it.

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October 08, 2024, 08:47:40 AM
 #11329

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

The price of Bitcoin can never remain stagnant for a longer period, Bitcoin is not a stable coin and therefore it would always experience volatility, but the good thing about investing for a long-term is that the investor would always recover their lose from any dip whenever there's an upsurge and that's just it, an investor mustn't wait to make 2x or 3x before they'll say they've profited from Bitcoin, the profits comes periodically at every upsurge you encounter while using the DCA method, investors should understand that Volatility is never a problem for long-term investment with DCA so far they go funds to continue buying.

You are absolutely correct, some people think that since DCA is the best and reliable strategy that success is sure or certain not knowing that they are the one that will make the strategy work. Someone's success in Bitcoin investment whether using the DCA, lump sum, buy Dip depends on the investor's consistency, discipline and the ability to manage investment and I want to let us know that every individual has an atom of management skill in them but is just left for them to build or grow it.

An investor would only be successful with the DCA method when they maintain consistency and carry out discipline in managing their investments, infact those are the basic things every investors are supposed to understand while o their investment journey. One thing that's been repeatedly been talked about concerning Bitcoin investment is that volatility must always occur therefore every investor must experience lose along the line but then the DCA method enables investors to recover your lose when there's an upsurge and so far the investor continue buying periodically using that particular method for a longer period then success is definitely guaranteed.

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October 08, 2024, 10:49:49 AM
Merited by JayJuanGee (1)
 #11330

You are absolutely correct, some people think that since DCA is the best and reliable strategy that success is sure or certain not knowing that they are the one that will make the strategy work. Someone's success in Bitcoin investment whether using the DCA, lump sum, buy Dip depends on the investor's consistency, discipline and the ability to manage investment and I want to let us know that every individual has an atom of management skill in them but is just left for them to build or grow it.

An investor would only be successful with the DCA method when they maintain consistency and carry out discipline in managing their investments, infact those are the basic things every investors are supposed to understand while o their investment journey. One thing that's been repeatedly been talked about concerning Bitcoin investment is that volatility must always occur therefore every investor must experience lose along the line but then the DCA method enables investors to recover your lose when there's an upsurge and so far the investor continue buying periodically using that particular method for a longer period then success is definitely guaranteed.
Long term DCA bitcoin accumulation an investor is guaranteed to succeed this is actually Misinformation I think You should have said DCA bitcoin accumulation tends If an investor can do multiple cycles he can get huge bitcoin holdings. Confirmation based mainly on assumptions can be very misleading. If you do DCA systematically and consistently your chances of success can be greatly improved. Due to the volatility of Bitcoin's price you can have more Bitcoin holdings at the same time if you tend to buy more during each bearish period. As an investor you should be aware of the risk as Bitcoin can be risky investment due to volatile price so the most positive aspect of you depositing Bitcoin in DCA method is that it is deposited from your discretionary and regular income. You can deposit bitcoins from the amount you can lose.

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October 08, 2024, 10:58:07 AM
 #11331

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

The price of Bitcoin can never remain stagnant for a longer period, Bitcoin is not a stable coin and therefore it would always experience volatility, but the good thing about investing for a long-term is that the investor would always recover their lose from any dip whenever there's an upsurge and that's just it, an investor mustn't wait to make 2x or 3x before they'll say they've profited from Bitcoin, the profits comes periodically at every upsurge you encounter while using the DCA method, investors should understand that Volatility is never a problem for long-term investment with DCA so far they go funds to continue buying.
Bitcoin's short-term volatility is not a problem for DCA users. Rather they get the opportunity to accumulate more from this short-term decline. As a result, they can accumulate more bitcoins with the same amount of money. For example:

Suppose I regularly deposit $50 in Bitcoin on a weekly basis.

Week 1 = Per Bitcoin price $63K = $50 can be obtained = 0.00079 Bitcoin
Week 2 = Per Bitcoin price $58K = $50 can be obtained = 0.00086 Bitcoins.
(A short-term decline has Bitcoin fall some value this week.)

In this case, a DCA user continues to invest in Bitcoins on a regular weekly basis with the same amount of money, and because one week the value of Bitcoin is slightly lower, he is able to deposit more Bitcoins with the same amount of money.

This means that those who use DCA will definitely keep DCA running for 8-10 years, and the short-term volatility of their Bitcoins is not a problem but more beneficial to them. And by continuing long term DCA he will surely earn huge profit. And in this case volatility is not a problem in the long term also if an investor proceeds systematically and patiently.

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October 08, 2024, 11:05:24 AM
Merited by JayJuanGee (1)
 #11332

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

I agree with you that using the DCA method to accumulate Bitcoin does not guarantee that we will be getting two times our investment at the end of the year because Bitcoin prices can stay stable for several months. The DCA method is easy to understand, but it is dependent on the amount of money and how the individual wishes to invest. However, some individuals who invest using DCA methods, invest once a week, whereas some buy once a month, however, it's necessary to understand that the DCA method is always profitable for long-term investors.

Furthermore, using the DCA method requires an ongoing strategy where buyers are not bothered by the changing price of Bitcoin and continue to accumulate for a long time because the specific purpose of using the DCA method is that you can buy at a high price and buy at a low price for a long time until the investors become successful with their investment.

You are absolutely correct, some people think that since DCA is the best and reliable strategy that success is sure or certain not knowing that they are the one that will make the strategy work. Someone's success in Bitcoin investment whether using the DCA, lump sum, buy Dip depends on the investor's consistency, discipline and the ability to manage investment and I want to let us know that every individual has an atom of management skill in them but is just left for them to build or grow it.
you know, doing DCA comes with being consistent with your Bitcoin accumilation. As a matter of fact, what makes DCA an effective approach or the most effective approach of accumilating Bitcoin is that it encourages being consistent with your accumilation plan even though you're not using a very big amount per buy.

The goal might be to accumulate a certain amount of Bitcoin say $50k worth of Bitcoin for an interval of 8 years which might be your comfortable zone depending on your financial capacity and then you can break it down into series of step by step accumilation plan so that you can reach that goal at the set out time while putting into consideration that Bitcoin can still go up while you're yet at the accumilation stage. You've got to consider variables like the need for striving to be consistent with your investment schedule while also extablishing the fact that there might be times you might miss out on an accumilation schedule which will slow you down from reaching your goal faster enough. But regardless of this, consistency with ones DCA is the fastest way of reaching your goal in your Bitcoin investment.


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October 08, 2024, 11:09:17 AM
Merited by JayJuanGee (1)
 #11333

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
Buy now to avoid future regrets. Otherwise, you will keep on missing the opportunity to buy bitcoin while the price is still not too high. Don't be like others who procrastinate and get influenced by others on their decision making, instead do your own research and analyze the best thing you can do for now, so you won't keep regretting in the future wishing you never doubted the price of bitcoin.
There are two things involved when one Procrastinate to buy bitcoin, you may think the price will come down the way you wish in the future but it can come to your surprise the price will even increase more compare to before and when you really want to buy you may not have enough fund with you to buy because of so many other things you need to meet up with.

Not to miss the opportunity of time,  price and fund it is better to buy bitcoin when you have the chance to buy. One of the opportunities that you can never get back is time , when it is gone it is gone, you just just have to start at the moment. I know there is no late time to invest in bitcoin but the truth is that, it is not easy to forget or let go opportunities that would have come with great results.

R


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October 08, 2024, 11:32:28 AM
Merited by JayJuanGee (1)
 #11334

There are two things involved when one Procrastinate to buy bitcoin, you may think the price will come down the way you wish in the future but it can come to your surprise the price will even increase more compare to before and when you really want to buy you may not have enough fund with you to buy because of so many other things you need to meet up with.
That's why we should be ready to buy Bitcoin immediately. As per your point if a person thinks that bearish season might be the best for bitcoin investment, if they are constantly waiting for this opportunity they will buy bitcoin at low price. It appears that the market is suddenly bullish causing them to fail to buy Bitcoin as they sit for that opportunity. The time they foolishly waited for never comes, leaving them with nothing but regret when they see the price of Bitcoin rise to great heights.

We may all have heard of the company MicroStrategy, MicroStrategy CEO Michael Saylor commented that,
Quote
MICHAEL SAYLOR: “There’s never a bad time to buy Bitcoin.
https://x.com/SimplyBitcoinTV/status/1843313462384202077?t=d7faaaO5AEZKqggb34NN9g&s=19

That is, any market situation is considered the best time to buy Bitcoin. if we see the increase in the price of Bitcoin and say that maybe now is not the best time to buy Bitcoin, on the other hand, seeing the dumping situation in the market, we can think that maybe the price will be more dumping, we will buy then. This tendency should be removed from us. So that we are eager and eager to buy bitcoin immediately.

R


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October 08, 2024, 11:43:38 AM
 #11335

If you must know, I HODL and DCA, so you don't teach me what I know. But what you don't know or do not want to agree to is for one to be a smart investor, it's just your HODL and DCA, you even do it with disregard to other factors that can better maximize your earnings or preserve your portfolio better.
If you see JayJuanGee as someone who doesn't encourage bitcoin investors to be smart investors when they are accumulating bitcoin, you are wrong, and I disagree with you. JayJuanGee has severally encouraged that newbies can lump sum in bitcoin so that they can increase the size of their bitcoin and also maintain their DCA strategy to allow them to take advantage of the market. JayJuanGee has also encouraged old and new investors they can lump sum in bitcoin if they get an extra payment or bounce from their place of work so that any investors that have a shitty source of income will not mess up their bitcoin accumulation plan. I see all these as a way of being a smart investor, so I don't know where you are getting the impression that JayJuanGee doesn't agree with someone becoming a smart investor. JayJuanGee has been accumulating bitcoin for so many years before some of us started accumulating bitcoin. His experience and advice, and what we are learning from this forum and this thread particularly, is helping us get better with our bitcoin accumulation journey.

You are lucky Bitcoin is a good asset, other markets would have punished you for it.
That is the more reason why JayJuanGee always advises old and new bitcoin investors to stick with investing only in bitcoin. It will be very hard before you lose your money in a bitcoin investment as long as you don't sell your bitcoin at a loss.



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October 08, 2024, 01:13:20 PM
Merited by JayJuanGee (1)
 #11336

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
There is no better way to put it than you already did. I think the moments of indecision are long gone and we are now we are heading to the point that one thing is bound to happen which is either a massive dump or a massive rise. And I have the conviction that the bulls will win as everything is aligned to this line of thought. The market have lingered within a region, giving people enough time to buy as much as they can using any of the method they feel comfortable with. Just like you said, we only have this month to organize our bitcoin collection before it becomes a thing of regret for those still soaked in procrastination. With the US election around the corner, we are truly close to seeing price in a new region different from where it has been ranging post halving.
I keep asking myself what is so special about US election that's making so many people put so much hope on it to make bitcoin price surge high? Bitcoin was already predestined to keep making new highs on its own. So I don't really understand the logic behind why some people still believe that US election is going to do bitcoin great favour. Fuck the US election, bitcoin is gonna break new boundaries and set new ATH. With or without US election. Bitcoin is a great innovation on it's own and it will do wonders even if US election wasn't there. So let's free our minds from this fucking idea that bitcoin is depending on US election to reach a new height that hasn't been witnessed before.

Bitcoin is for the people, and it wasn't created with the ideology of making some people feel important and others less important no. Many countries have had elections, but I didn't see or hear much hype about them and bitcoin as the way I'm hearing about US election and bitcoin prices. With or without US election bitcoin will do very well, so let's accumulate bitcoin because it's bitcoin and not because US election is closer.

R


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October 08, 2024, 01:21:47 PM
 #11337

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
There is no better way to put it than you already did. I think the moments of indecision are long gone and we are now we are heading to the point that one thing is bound to happen which is either a massive dump or a massive rise. And I have the conviction that the bulls will win as everything is aligned to this line of thought. The market have lingered within a region, giving people enough time to buy as much as they can using any of the method they feel comfortable with. Just like you said, we only have this month to organize our bitcoin collection before it becomes a thing of regret for those still soaked in procrastination. With the US election around the corner, we are truly close to seeing price in a new region different from where it has been ranging post halving.
I keep asking myself what is so special about US election that's making so many people put so much hope on it to make bitcoin price surge high? Bitcoin was already predestined to keep making new highs on its own. So I don't really understand the logic behind why some people still believe that US election is going to do bitcoin great favour. Fuck the US election, bitcoin is gonna break new boundaries and set new ATH. With or without US election. Bitcoin is a great innovation on it's own and it will do wonders even if US election wasn't there. So let's free our minds from this fucking idea that bitcoin is depending on US election to reach a new height that hasn't been witnessed before.

Bitcoin is for the people, and it wasn't created with the ideology of making some people feel important and others less important no. Many countries have had elections, but I didn't see or hear much hype about them and bitcoin as the way I'm hearing about US election and bitcoin prices. With or without US election bitcoin will do very well, so let's accumulate bitcoin because it's bitcoin and not because US election is closer.

What usually people look forward with these event is possible price pump to come especially if the declared winner is a pro bitcoin candidate. There's provably a hype will be created due to that matter since somehow it can trigger interest to hold because people is speculating about positive effect that might happen with those winning events made by the politician they like.

People need to understand that the hype created by this event would fade out especially that the politician is not true to the words they are campaigning and they move in different path like they don't want deal with it to discuss anymore.

But investors should not give any damn to stress out their selves since its better to continue their accumulation rather than wasting their time to look forward on things or events that cannot bring any good to them.


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October 08, 2024, 01:51:23 PM
 #11338

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.
Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.
We talking about real investment here in this space and not about gambling with money through altcoins as you suggested. True bitcoin has been phenomenal and has paved way for other cryptocurrencies to enter into the market but bitcoin is entirely different from altcoins. And every dip in bitcoin price is more like an opportunity for a DCA investors unlike altcoins where almost any dip can send those shitcoins to a journey of no return (dump). No experienced investor that want to invest long will buy the idea of investing in an altcoin except there's some sort of ignorance somewhere in the middle.
If you gamble, money can be lost at any time or there is no security at all, similarly if you invest in these coins that are in the market, but these coins can be lost from the market at any time, so investors are usually made aware of this to keep their money safe. Where you invest your money is of course up to you, but those who are experienced investors always give the right advice from their own experience and think of others and those who take this right advice have a good investment future and those who ignore it regret in the future. When it comes to long-term investing, I always tell investors to take Bitcoin and trust Bitcoin. Just as other coins in the market cannot be trusted, Bitcoin can be trusted very easily and at least have faith that Bitcoin will not disappear from the market.

R


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October 08, 2024, 02:18:39 PM
 #11339

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account. Cool

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.
You just hit the nail at the head those that stop accumulating Bitcoin now will definitely regret not accumulating Bitcoin now because they believe or think that the price of Bitcoin is high now will definitely miss out the opportunity of accumulating enough Bitcoin believing it's price will go down but might keep on increasing in price.

Procastination is never good when it comes to Bitcoin investment I will buy next month not this month that is how the opportunity of accumulating more Bitcoin is passing by the best is to start accumulating Bitcoin now regardless of the price level on continue to hodl because BTC will definitely do well in the future, with the DCA method of accumulating Bitcoin one can buy little by little either weekly or monthly and hodl than waiting for the price of Bitcoin to drop before accumulating Bitcoin.
All these people get lost Opportunities because of their stupid thinking, because there is no guarantee that Bitcoin will go down again, They will miss this opportunity now and regret it later. There are many investors who make this mistake, they wait for bitcoin to fall and then it rises and then they only regret it, and those who indulge in such thinking today will regret it in the future. They will only lose opportunities but never invest at the right time.

The price of bitcoin will decrease next month, or the price of bitcoin will decrease after the next 15 days, or if the price decreases a little more, then I will invest, such thoughts are very dangerous, they should refrain from them. As a result of this they will always only lose opportunities but never invest the right time. They only need to focus on DCA, DCA strategy is always the best effective strategy, in this strategy an investor can literally invest any amount of money within his ability (without waiting for bitcoin price to drop) on a weekly monthly basis and will definitely profit in the long run.
These are the thoughts and words of a trader, not a bitcoin investor. It is appalling that some people that pose as investors still possess trader's mentality to a great extent. waiting for the price to dip before accumulating bitcoin is a trader's instincts, else how do we explain trading apart from waiting for the best opportunity to enter the market in the right price position and possibly exiting when short-term gains are achieved. You can see the correlation between such mindset and trading mindset. It is high time people give up on the trading mindset and pickup investor's mindset which is aimed at accumulating more stashes of bitcoin and targeting at accumulating a definite quantity of bitcoin instead of just focusing on the pricing as determinant factor for accumulation.

Dips are rare opportunities to accumulate more bitcoin at low prices when it presents itself. Waiting for it entirely is a bad investment practice and you can miss out on accumulating good stashes of bitcoin and increasing your portfolio regularly. One funny thing with hoarding fiat and waiting only for the dip is that you might end up spending the money on frivolities and not finally actually buying bitcoin with it.











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Btcdeybodi
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October 08, 2024, 02:45:54 PM
 #11340

There is no better way to put it than you already did. I think the moments of indecision are long gone and we are now we are heading to the point that one thing is bound to happen which is either a massive dump or a massive rise. And I have the conviction that the bulls will win as everything is aligned to this line of thought. The market have lingered within a region, giving people enough time to buy as much as they can using any of the method they feel comfortable with. Just like you said, we only have this month to organize our bitcoin collection before it becomes a thing of regret for those still soaked in procrastination. With the US election around the corner, we are truly close to seeing price in a new region different from where it has been ranging post halving.

I don't think we will head to a massive dump at this very critical stage of bitcoin price movement because i don't see anything that will lead to it experiencing massive dump now since many investors are better hodling more than selling because what i see now is that most investors are taking advantage of every single DIPs that comes up that is why the price is not experiencing extreme DIPs or pumps. Even as we are waiting for the price to get a new ATH before the year ends but as we are hoping for the best in our investment, let us also prepare for any aftermath of it. The US elections will have impact in the price but we should not listen too much on any news that will come after the elections because it will just hover for sometimes and disappears.
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