Buy the DIP, and HODL!

[Findingnemo]

~

You can also tell people that you believe that bitcoin is the best of investments currently available, yet at the same time, each person has responsibilities to figured out whether and/or how to invest and each person is responsible to decide the consequences of their actions whether they invest or the don't invest, it is their choice, and if they choose to ignore bitcoin, they can have fun staying poor.  They have to figure out the benefits and the risk, and we are not obligated by their choices, even if we are saying that we believe bitcoin is amongst the best of investments, if not the best investment currently available.

Simply showing the price chart of all time is more than enough to convince someone to invest but my point was before that they need a basic understanding of what they are getting into. It is really important from choosing the right market place to buy their bitcoin and choosing the right wallet for storing their crypto assets and how to avoid the potential scams that always prey on the amateurs.

There are no guarantees, and each person is responsible whether he gets into bitcoin or he chooses to completely ignore bitcoin, actions (and non-actions) have consequences. Even if I tell someone about bitcoin, I am not responsible for what they do, including that if there are risks, they have to research and figure that out.  I have no obligation to warn them, even if I might mention that bitcoin could go to zero, but I might not say anything, also. Each person has to figure it out, whether we are talking on the web (and in these forums) or we are talking in person.  I do not have additional obligations merely because I tell someone about bitcoin in person, and it could be the case that I had been doing them a favor by telling them about bitcoin, when they might not have had previously considered bitcoin... yet they still remain responsible for the consequences of their own actions in regards to the information that I presented, whether they act or not and whether they do further research or not.

No investment is guaranteed even someone can go bankrupt after investing on the golden assets but people who are new to the investment may not have that understanding, that comes from experience which is why forcing should not be the right move in my opinion, we can guide them, assist them but the decision should be theirs or else we may be blamed for their errors which is bad for the relationship between us and the person.

[Jewan420]

Simply showing the price chart of all time is more than enough to convince someone to invest but my point was before that they need a basic understanding of what they are getting into. It is really important from choosing the right market place to buy their bitcoin and choosing the right wallet for storing their crypto assets and how to avoid the potential scams that always prey on the amateurs.

You might be trying to convert someone into a trader by showing them the all-time price. This might not be the ideal way to get them into investing. By showing them the all-time price, you might be trying to convince them how quickly Bitcoin can increase in value. However, in this way, you might be luring them into short-term profits. When a new investor is in a bear market, they might definitely ask you about the price of Bitcoin. Because you have shown them how Bitcoin keeps increasing in value, but the reality is a little different.

To convince a new investor to invest, you need to tell them in detail about both the risks and the rewards of Bitcoin. If you do this, you might not need to see the all-time price chart, and since you will tell them about the risks, they will also have an idea of ​​the bear market and will be prepared for negative times from the start.

The phrase “choosing the right market place to buy Bitcoin” is driving me crazy. Are you telling an investor to wait for a certain price to enter an investment? If so, you are giving the wrong advice. An investor should never delay entering an investment if he is ready to invest and is committed to a long-term plan. He can start investing at any time in the market. Delay will only reduce your buying opportunities.

[Olatundespo]

Can anyone check the Fear And Greed Index? I believe it would be as low, OR LOWER, than the low that happened during June, 2022.

 👀

To those people who are still building their Bitcoin HODL Investment and thought about waiting for a DIP/discount before adding more Bitcoins, then the current price point currently might be a very good entry.

There are some websites to check Bitcoin's Fear and Greed Index. Checking the index is a first step, but a second step is important by applying the advice "Be greedy when others are fearful and be fearful when others are greedy".

If people were greedy when others were fearful when Bitcoin dropped to $78,300, bought the dip, they would have gotten about 20% profit when Bitcoin bounced to $98,400.

Websites for checking Bitcoin's Fear and Greed Index.
https://www.bitcoinmagazinepro.com/charts/bitcoin-fear-and-greed-index/
https://charts.bitbo.io/fear-greed/

For crypto market.
https://www.coinglass.com/pro/i/FearGreedIndex
https://coinmarketcap.com/charts/fear-and-greed-index/
https://alternative.me/crypto/fear-and-greed-index/

Plus the people who are currently selling, some of those sellers probably selling their coins with a loss, probably don't know that the actual cycle of monetary expansion has not happened yet.

  ¯\_(ツ)_/¯

In the current situation of the market, buying the DIP makes money, DCA buyers make money, sellers get slaughtered.

DYOR about the M2 Money Supply.

I feel depressed for those unwise investors who have piled up Bitcoin and are selling it out of patience. In the end, they are driven by fear rather than awareness of the existence of their valuable assets. Instead of hoarding wealth and becoming more confident in themselves, the fear of losing enters them. I think this is more likely to happen to new investors. Those who are not very knowledgeable about Bitcoin and are afraid to be bold in investing.

However, the hope is that financial expansion will happen to those who correctly evaluate Bitcoin and accelerate the process of accumulating during the dips.

[Proty]

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

[BitBakerr1]

[edited out]

.....However, I will not agree with you on the aspect that Bitcoin is not the only asset to invest in unless you add more clarifications to that statement because it is sounding as if you are supporting the idea of investing in shitcoins. There are other assets like you said but they are generally shitcoins that have so much risks attached to them. If we allow the idea that there are other assets to thrive, then it could be a motivation for people to start looking for other alternatives and this will make them end up investing in shitcoins and at the end lose their money. Bitcoin is just enough for anyone willing to invest for the future, so our efforts should be on how to buy and hold Bitcoin and nothing else.

I would suggest that newbies do not waste time, energy and/or money on shitcoins, and that they try to figure out and prioritize bitcoin  first,  including that if they are not able to help themselves in regards to looking into shitcoins, then they should not invest any more than 10% of their time, energy and/or value into shitcoins as compared to how much they are investing into bitcoin.

Even old investors might still run into problems if they get too comfortable with investing in shitcoins. You will agree with me that there this confidence that subtly creeps in when someone do something and succeed once or twice. With shitcoins, it could be a trap for even experienced investors who may end up with the illusion that shitcoins is where the money is even though some later end up getting poorer with time as they continue to jump from one shitcoin to the other. If you are active in some of the social media, you will see some self acclaimed experts who knows the shitcoins that will pump and bla bla bla, those are not newbies but old investors who are just toeing the wrong path. My point is that both newbies and old investors should focus more on Bitcoin because overtime Bitcoin will actually make one richer and more comfortable and the risk of loosing ones money is very small with Bitcoin, if not completely absent.

Those who invest in Shitcoin, whether new or old, have a lot of greed. It doesn't matter whether the holder is new or old, the point is that if we target Bitcoin, which coin we are targeting, then our goal will be successful. And if we invest in Shitcoins with the aim of making more profit, then we can lose all our money, you can be sure that investors in Shitcoin can never be successful.
 But those who have invested in Bitcoin, whether it is a small amount or a large amount, if the investment is long-term, then their success will be guaranteed, because Bitcoin is the only trusted coin. If you invest in Bitcoin, no matter how much money you invest, you can be successful and earn more benefits.

Success in Bitcoin is not guaranteed and the reason why we are advised that when we invest, it should be from our discretionary income because Bitcoin is not risk free so you shouldn't sound like it is risk free so will not end up misleading people in to thinking that Bitcoin is risk free with your expression we are only encouraging ourselves to put in good investment practices and not to say that success in Bitcoin investment is guaranteed, even though the risk can not be compared to that of the shit coins.

exactly, because many people believe that in bitcoin investment returns are guaranteed, and that's why many people invest in bitcoin without proper understanding of bitcoin and how bitcoin works, which is a very wrong approach to bitcoin investment.

Bitcoin investment is not risk free, but it is more profitable and less risky than other shitcoins and trading as well, bitcoin investment enable you take control over your emotions when a DIP occur in bitcoin, because you are accumulating bitcoin to hold for a long period of time without timing the market.

Even as we say that bitcoin investment is more profitable and less risky than other shitcoins and trading, we also advise that one should invest in bitcoin with what he or she can afford to loose, always invest in bitcoin with your discretionary income that you don't need for a long time, after you must have settled your needs and your expenses.

In Bitcoin investment returns are guaranteed only for investors who hold on for long term those who are traders returns are not guaranteed because trading is very risky and no one can really tell the at come because of the volatile nature of Bitcoin, so having that believe that when you go into Long term Bitcoin investment returns are guaranteed is not bad and I don't think people who has this believe won't seek for proper knowledge about Bitcoin.

Yeah Bitcoin is not risk free whether long-term investment or trading all have risk but trading is more risky than Long term Bitcoin investment because bitcoin volatility only affect those who buy and hold for very short period of time and that is what traders those and that's why trading is very risky.
Using your Discretionary income to accumulate and hold for long term is not because we are afraid of the risk we are using our Discretionary income so we won't get into financial problem that will lead us to dip hands into our investment especially issues of paying house bills.

[Gaza13]

Those who invest in Shitcoin, whether new or old, have a lot of greed. It doesn't matter whether the holder is new or old, the point is that if we target Bitcoin, which coin we are targeting, then our goal will be successful. And if we invest in Shitcoins with the aim of making more profit, then we can lose all our money, you can be sure that investors in Shitcoin can never be successful.

In my opinion the tendency to greed exists in all people. However those who are excessively greedy and eager to earn excessive profits and looking for a way to get rich quick they find it most appropriate to invest all their money in Shitcoins. Although I also have variations in the investment portfolio, I am still investing in Bitcoin instead of wasting more time with these coins and wasting money.

In fact those who are investing in the shit coins will never proudly say that they have never been in trouble, that is their money has never been at risk. So my advice is that Bitcoin investment is the best of all investments, so it should be accepted and the risk of losing money with Bitcoin is very small.

It is true that greed or the desire to make big profits is a common human trait. This is where knowledge in investing is important, it is important to understand that no investment is completely risk-free, that all coins in this industry have their own risks. Before investing, it is better to understand first and do in-depth research is the main key so that the decisions we make are not misguided. Yes, my investments vary, but only 3 altcoins, and that is only 20 percent of my investment portfolio, the rest I invest in bitcoin. Of course we agree that bitcoin has proven to be one of the most stable and widely recognized cryptocurrency assets. With increasing adoption by institutions and individuals, many believe that Bitcoin has the potential to be a better store of value than many altcoins.

[GIF-JOBS]

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

Actually, if someone disagrees with investing in Bitcoin, never force them to invest in Bitcoin. Because even if they initially express awareness of the volatility of Bitcoin, they panic when the market falls, and sell their holdings and suffer losses. Actually, their minds can change at any time, so let them do their research first, everyone's risk-taking ability is different, and everyone's investment preferences are not the same. Therefore, a newbie should not be attracted to investment only by showing the profit side, because Bitcoin is a volatile currency, and due to its volatility, Bitcoin can be dumping at any time, and in that dump, the investor will panic and sell his holdings. As a result, he will never be able to hold his investment for a long time, and he will not get a good result. Rather, he will only suffer temporary losses, and he will blame you for this loss.

[Derekfunds]

Those who invest in Shitcoin, whether new or old, have a lot of greed. It doesn't matter whether the holder is new or old, the point is that if we target Bitcoin, which coin we are targeting, then our goal will be successful. And if we invest in Shitcoins with the aim of making more profit, then we can lose all our money, you can be sure that investors in Shitcoin can never be successful.

In my opinion the tendency to greed exists in all people. However those who are excessively greedy and eager to earn excessive profits and looking for a way to get rich quick they find it most appropriate to invest all their money in Shitcoins. Although I also have variations in the investment portfolio, I am still investing in Bitcoin instead of wasting more time with these coins and wasting money.

In fact those who are investing in the shit coins will never proudly say that they have never been in trouble, that is their money has never been at risk. So my advice is that Bitcoin investment is the best of all investments, so it should be accepted and the risk of losing money with Bitcoin is very small.

It is true that greed or the desire to make big profits is a common human trait. This is where knowledge in investing is important, it is important to understand that no investment is completely risk-free, that all coins in this industry have their own risks. Before investing, it is better to understand first and do in-depth research is the main key so that the decisions we make are not misguided. Yes, my investments vary, but only 3 altcoins, and that is only 20 percent of my investment portfolio, the rest I invest in bitcoin. Of course we agree that bitcoin has proven to be one of the most stable and widely recognized cryptocurrency assets. With increasing adoption by institutions and individuals, many believe that Bitcoin has the potential to be a better store of value than many altcoins.

Is it not that many believe Bitcoin has the potential to be a better store of value than many altcoins rather that is what Bitcoin is because all of them (altcoins) depends on Bitcoin so why is not suppose to be a better store of value than them. I mean not to dispute about your diversification because everyone has right to do whatever they feel is good and that is also the reason why you have people around you so that when you take the wrong decision maybe out of ignorance they will scold you on what is right. Moreover, instead of investing in altcoins when you knew that they depend on Bitcoin, why not just invest in Bitcoin and accumulate more, because it is better to invest only in Bitcoin and has a good fraction of it than to diversify in other altcoins and has a little fraction of Bitcoin.

[BitBakerr1]

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

Actually, if someone disagrees with investing in Bitcoin, never force them to invest in Bitcoin. Because even if they initially express awareness of the volatility of Bitcoin, they panic when the market falls, and sell their holdings and suffer losses. Actually, their minds can change at any time, so let them do their research first, everyone's risk-taking ability is different, and everyone's investment preferences are not the same. Therefore, a newbie should not be attracted to investment only by showing the profit side, because Bitcoin is a volatile currency, and due to its volatility, Bitcoin can be dumping at any time, and in that dump, the investor will panic and sell his holdings. As a result, he will never be able to hold his investment for a long time, and he will not get a good result. Rather, he will only suffer temporary losses, and he will blame you for this loss.

Lack of knowledge of Bitcoin history growth is the reason why some investors panic, if you know how bitcoin growth was you won't panic for any dip, please people should go and check out the history growth of Bitcoin, well let me share something I think will be of help to those who has no or little knowledge about Bitcoin history growth.

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
If you check this above you will see how bitcoin was falling and rising till it grow to this point so dip has been part of Bitcoin and should not be a reason for any panicking, when there's a dip is an opportunity to accumulate more with less price and it is certain that it will rise again as time goes on.

[JayJuanGee]

Yes, most people are greedy, and they go to invest in Shitcoin to make a quick profit, but most people lose their money there, very few people can make a big profit from Shitcoin. There is a lot of difference between investing in Sheetcoin and Bitcoin, you will never lose your money if you invest in Bitcoin, but unlike Shitcoin, you will have to lose money.

You will never lose money by investing in Bitcoin, but if you can hold it for a long time, you will get a good amount of profit from it. It is possible to achieve success by investing in Bitcoin, but many times in the market crash, many people lose a lot of their money from Bitcoin. In that case, I think that if you want to invest in Bitcoin, you must analyze the market first and plan to invest in it for a long time.

Talking about the bold words in your statement, I think that this has already been overemphasize already, you don't need to analyze the market before making a purchase of Bitcoin, especially when you are a low coiner, or you are seriously lagging behind in your accumulation journey, it's a terrible mistake analyzing the market before buying because you can't outsmart the market, analysing the market are for traders not investors like us, because as Investors that we are, we are only looking at the bigger picture which is holding for a very long period of time and how much it might get up to in the future, so is their any point analysing the market when it's still very cheap now comparing to how much it might get up to in the future?
Don't you know that by analysing and waiting for the price to drop before making a purchase you might miss a whole lot of buying opportunities, So the best thing to do is to buy and increase your stash as much as possible once your discretionary income is available, because their is no better time to invest in Bitcoin than now, not tomorrow or next tomorrow.

In addition to what you've said, analyzing the market is subject to unnecessary time wastage, most bitcoin speculators would've really had a considerate quantity of bitcoin in their portfolio if not for their attitude of over-analyzing the market and failing to take action and start purchasing bitcoin for themselves. Also it is a waste of mental energy since you would have to spend a lot of time timing and analyzing the market instead of just buying and moving on to other responsibilities.

You should also know that the more you analyze the market and the longer it takes for you to start accumulating bitcoin, you are subject to decision fatigue and there is a possibility of fear setting in and you may end up still a nocoiner. DCA removes that fear from investors by buying consistently regardless of the price, your discipline and less concentration on the noise from the markets helps you eradicate such emotional stress and helps you expand your portfolio while remaining committed to your investment. it is important to note that a length of time spent in the market is worth more than such time spent timing or analyzing the market.

You are suggesting to just buy despite the price being so high already and if the indicators are right, the $107 price is the ATH. And if its true that we are already in teh bear market, 90k may just be the started of the crash.

There is the need to analyze and maybe even trade form time to time because we don't know whether this current price is just a dead cat bouncing. This strategic reserves of Trump could just be a manipulation to keep people buying while his team is dumping.

If you are a no coiner or low coiner, then you better start buying or continue to buy without fucking around trying to guess if the BTC price is going to go up, down or sideways.

A low coiner is anyone who has not gotten enough BTC, and an overwhelming majority of the world's population are either no coiners or low coiners and many low coiners don't even realize that they are low coiners because they happen to have a few coins.  You, bittraffic, might be one of those smug low coiners who believe that they have enough when they do not.

Another thing, is that if you (bittraffic) are fucking around with the BTC price because you want to buy more BTC cheaper, then you may well be a low coiner.. so you should be buying bitcoin rather than continuing to have nonsensical ideas trying to predict the price, which you don't seem to be very good at if you believe that we might be in the beginning of a bear market and  it matters..

Just think about it.  You have been registered on the forum for 9 years (congrats) and you surely should have enough coins by now, yet you probably have been spending your time in the last 9 years fucking around trying to figure out whether the BTC price was high or low, and so making the same mistakes over and over and over, and now you are wanting to tell newbie forum members to do the same thing as you had been doing?  How has that been working out?

Just imagine that if you had been investing $100 per week into bitcoin on a regular and consistent basis for the  past 9 years, you would have had invested $47k and you would have had accumulated nearly 13 BTC.  Hopefully, whatever fucking around that you have been doing in regards to trying to time the BTC price has gotten you similar or better performance than a straight forward DCA approach.

[edited out]

In Bitcoin investment returns are guaranteed only for investors who hold on for long term those who are traders returns are not guaranteed because trading is very risky and no one can really tell the at come because of the volatile nature of Bitcoin, so having that believe that when you go into Long term Bitcoin investment returns are guaranteed is not bad and I don't think people who has this believe won't seek for proper knowledge about Bitcoin.

Yeah Bitcoin is not risk free whether long-term investment or trading all have risk but trading is more risky than Long term Bitcoin investment because bitcoin volatility only affect those who buy and hold for very short period of time and that is what traders those and that's why trading is very risky.
Using your Discretionary income to accumulate and hold for long term is not because we are afraid of the risk we are using our Discretionary income so we won't get into financial problem that will lead us to dip hands into our investment especially issues of paying house bills.

Personally, I think that it is problematic to think about your bitcoin investment as guaranteed or to talk about it that way.

There is execution risks, and there is just risk in the asset too, and most of the risks can be mitigated in various ways, but they cannot be completely removed, and even framing in terms of trading versus investing does not remove the risk of the investor, and even having a long time line does not remove the risks of the investor.

Risk free seems a problematic way of thinking about your bitcoin and/or the way that you talk about it to others, especially since you could lose up to 100% of your investment, even if you had not employed leverage.  If you employ leverage than you could lose more than 100% or lose it faster... but yeah, we do not need to employ or understand leverage in order to understand that we  could lose up to 100% of our bitcoin investment.

We can also be bullish about bitcoin, and believe that it is the best investment available, while still at the same time acknowledging the various risks.. execution risk and various intrinsic risks related to the asset itself.

[Derekfunds]

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

Actually, if someone disagrees with investing in Bitcoin, never force them to invest in Bitcoin. Because even if they initially express awareness of the volatility of Bitcoin, they panic when the market falls, and sell their holdings and suffer losses. Actually, their minds can change at any time, so let them do their research first, everyone's risk-taking ability is different, and everyone's investment preferences are not the same. Therefore, a newbie should not be attracted to investment only by showing the profit side, because Bitcoin is a volatile currency, and due to its volatility, Bitcoin can be dumping at any time, and in that dump, the investor will panic and sell his holdings. As a result, he will never be able to hold his investment for a long time, and he will not get a good result. Rather, he will only suffer temporary losses, and he will blame you for this loss.

Lack of knowledge of Bitcoin history growth is the reason why some investors panic, if you know how bitcoin growth was you won't panic for any dip, please people should go and check out the history growth of Bitcoin, well let me share something I think will be of help to those who has no or little knowledge about Bitcoin history growth.

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
If you check this above you will see how bitcoin was falling and rising till it grow to this point so dip has been part of Bitcoin and should not be a reason for any panicking, when there's a dip is an opportunity to accumulate more with less price and it is certain that it will rise again as time goes on.

Indeed Bitcoin is really an asset someone should invest in and hold for a long period of time, the chart has really shown us how profitable we will be if only we keep accumulating and holding for a long period of time. You can see that regardless of the Dip that occur between 2014 and 2015 yet it recorrected and pump so there won't be need to be panicking anytime there is Dip and if you can not bare the Dip then while investing when you know there will always be a Dip. Funny enough when people with limited knowledge of what Bitcoin Dip is all about are panicking, people who understands it are busy accumulating and increasing there portfolio. In summary, Bitcoin is not always up up we shouldn't get it twisted.

[ginsan]

We can also be bullish about bitcoin, and believe that it is the best investment available, while still at the same time acknowledging the various risks.. execution risk and various intrinsic risks related to the asset itself.

Yes sir, optimism must be there, especially if we invest in the long term, then everything we focus on we must convince ourselves that this is the best and will provide many benefits in the decades to come. In theory or data that we have seen so far or the last 10 years, of course there are many risks and we must admit it, the big risk is trusting assets to third parties and we can stay away from it to store assets in our own wallet.

Believing that investing in bitcoin is the best choice is one of the good choices, because Bitcoin is limited, Scarcity, and many other things that Bitcoin has that are superior to Fiat or gold. Now talking about Execution Risk, maybe I've just heard of it, it seems that this risk can be avoided by using the DCA Strategy where our purchase execution will be different at each price so that it provides an opportunity for an average entry to be at a cheap price. However, there is definitely a risk in every type of investment, so it would be good if we were able to avoid or minimize the existing risk.

[Rockstarguy]

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

It is wrong to try to force someone who have no knowledge about Bitcoin to invest in bitcoin.  The first thing to let one know while introducing bitcoin shouldn't be to buy bitcoin, the first thing should be volatility of the market and security and self-custodial wallet,  after all these you can proceed to how one can buy bitcoin(strategies). Buying should be the last thing to introduce to beginners about bitcoin because if you are too fast to convince someone to buy, it will be very difficult for the person to cope with market volatility. 

If you focus more to make sure the person you are introducing bitcoin to understand the market very well it will be of great gains than convincing to buy bitcoin without understanding which buying might not profitable at the end.

[JayJuanGee]

We can also be bullish about bitcoin, and believe that it is the best investment available, while still at the same time acknowledging the various risks.. execution risk and various intrinsic risks related to the asset itself.

Yes sir, optimism must be there, especially if we invest in the long term, then everything we focus on we must convince ourselves that this is the best and will provide many benefits in the decades to come. In theory or data that we have seen so far or the last 10 years, of course there are many risks and we must admit it, the big risk is trusting assets to third parties and we can stay away from it to store assets in our own wallet.

Believing that investing in bitcoin is the best choice is one of the good choices, because Bitcoin is limited, Scarcity, and many other things that Bitcoin has that are superior to Fiat or gold. Now talking about Execution Risk, maybe I've just heard of it, it seems that this risk can be avoided by using the DCA Strategy where our purchase execution will be different at each price so that it provides an opportunity for an average entry to be at a cheap price. However, there is definitely a risk in every type of investment, so it would be good if we were able to avoid or minimize the existing risk.

I was thinking about execution risk related to guarding your private keys or maybe engaging in transactions that contribute towards government scrutiny... or keeping coins on exchanges or with other third parties.  Think about how we choose to communicate inheritance, and if we might communicate to the wrong people too soon, and some people are not honest, or they could leak certain information to other not honest people.

There could be some various execution risks related to how you accumulate bitcoin, that result in opportunity costs,  yet I was not really considering those as execution risks, even though surely the level of aggressiveness or whimpiness can contribute towards execution risks, and surely that can also relate to the strength of our cashflow management practices, which also could end up putting some or all of our BTC at risk.

We do not need to recognize and appreciate all possible execution risks or other extrinsic risks in order to appreciate that risks exist, and many of them can be mitigated but  not necessarily eliminated, and some kinds of risks are more  salient in bitcoin as compared to some other investment that might be made.  If my house burns down, then the gold in the basement would still be o.k., but my paper wallets might not be, and if I have some back up systems, I might have had protected myself, yet i might have screwed up my backups or even made them either too complicated or perhaps too easy if I leave them in a vulnerable place.

If someone doesn't have a clue about what is bitcoin then forcing them to buy can be a bad idea, what if the price crashed once they bought and you are the one who they will blame you. So guiding them when they realize bitcoin is their path is good but when someone still haven't made up their mind can take their time. Better late than never cause if they do it for wrong reason and faced the loss they might exit the market and will never think about coming back.

So this isn't entirely about the price, it's actually the cause that should drive them to invest, a person who truly understand bitcoin will not be shaken by the volatility so the short bumps and dumps will not likely to alter their strategy if DCAing or whatever they want to practice.

Some of you are really confusing yourself because if you are introducing some one into bitcoin you will never forget to mention the strategies use in accumulating bitcoin,like buying the dip.so during the process of explaining this strategy buying the dip you have end up explaining to the person what bitcoin volatility is.It is impossible to force someone to invest in something they are not interested in because will all have different views about something.There are so many investors that understand the volatility of bitcoin but whenever there is a dip they are grip by fear of the fact that history may not repeat itself.people are much more afraid of what they know than what they don't know.

It is wrong to try to force someone who have no knowledge about Bitcoin to invest in bitcoin.  The first thing to let one know while introducing bitcoin shouldn't be to buy bitcoin, the first thing should be volatility of the market and security and self-custodial wallet,  after all these you can proceed to how one can buy bitcoin(strategies). Buying should be the last thing to introduce to beginners about bitcoin because if you are too fast to convince someone to buy, it will be very difficult for the person to cope with market volatility.  

If you focus more to make sure the person you are introducing bitcoin to understand the market very well it will be of great gains than convincing to buy bitcoin without understanding which buying might not profitable at the end.

To me, it seems easier and preferred to get newbie bitcoiners started sooner rather than later and rather than trying to figure out which things that they might need to learn first (beyond just figuring out if they have $10 of discretionary income to get them started), and the learning of the more deeper ideas (beyond determining the  existence of discretionary income) can coexist with the getting started, including that the starting position size that is invested into bitcoin need not be so high that the beginner would be getting overly worried (or excited) about the amount changing value based on likely volatility...  if a person is worried about the amount that was invested, then you (or they) are starting out with too much.  Are they going to  get worried about starting with $10, $100, $1,000, or some other amount?  Starting out does not necessarily mean starting BIG... yet learning is going to be much more stimulated and becoming practical and concrete once some money is put in, even if it is just $100 or even $10 and then keep buying that same amount that fits their budget weekly while learning the various basics of bitcoin, yet more importantly learning cashflow (and perhaps emotional?) management skills.

[Dump3er]

In addition to what you've said, analyzing the market is subject to unnecessary time wastage, most bitcoin speculators would've really had a considerate quantity of bitcoin in their portfolio if not for their attitude of over-analyzing the market and failing to take action and start purchasing bitcoin for themselves. Also it is a waste of mental energy since you would have to spend a lot of time timing and analyzing the market instead of just buying and moving on to other responsibilities.

You should also know that the more you analyze the market and the longer it takes for you to start accumulating bitcoin, you are subject to decision fatigue and there is a possibility of fear setting in and you may end up still a nocoiner. DCA removes that fear from investors by buying consistently regardless of the price, your discipline and less concentration on the noise from the markets helps you eradicate such emotional stress and helps you expand your portfolio while remaining committed to your investment. it is important to note that a length of time spent in the market is worth more than such time spent timing or analyzing the market.

You are suggesting to just buy despite the price being so high already and if the indicators are right, the $107 price is the ATH. And if its true that we are already in teh bear market, 90k may just be the started of the crash.

There is the need to analyze and maybe even trade form time to time because we don't know whether this current price is just a dead cat bouncing. This strategic reserves of Trump could just be a manipulation to keep people buying while his team is dumping.

If you are a no coiner or low coiner, then you better start buying or continue to buy without fucking around trying to guess if the BTC price is going to go up, down or sideways.

A low coiner is anyone who has not gotten enough BTC, and an overwhelming majority of the world's population are either no coiners or low coiners and many low coiners don't even realize that they are low coiners because they happen to have a few coins.  You, bittraffic, might be one of those smug low coiners who believe that they have enough when they do not.

Another thing, is that if you (bittraffic) are fucking around with the BTC price because you want to buy more BTC cheaper, then you may well be a low coiner.. so you should be buying bitcoin rather than continuing to have nonsensical ideas trying to predict the price, which you don't seem to be very good at if you believe that we might be in the beginning of a bear market and  it matters..

Just think about it.  You have been registered on the forum for 9 years (congrats) and you surely should have enough coins by now, yet you probably have been spending your time in the last 9 years fucking around trying to figure out whether the BTC price was high or low, and so making the same mistakes over and over and over, and now you are wanting to tell newbie forum members to do the same thing as you had been doing?  How has that been working out?

Just imagine that if you had been investing $100 per week into bitcoin on a regular and consistent basis for the  past 9 years, you would have had invested $47k and you would have had accumulated nearly 13 BTC.  Hopefully, whatever fucking around that you have been doing in regards to trying to time the BTC price has gotten you similar or better performance than a straight forward DCA approach.

The last few days were the best example in a long time that time in the market beats timing the market. The volatility was relatively significant, I am saying relatively because bitcoiners who have been around for a while know a different game than no coiners. That is why the emotional aspect still comes into play here. I am used to bitcoin going down 10% in an hour or getting flash dumped or flash pumped. The day had come when I thought it doesn't matter whether I wait or not. Unless there is some profound analysis I can come up with based on my own research, but in reality there are countless of people having that informational advantage and exploiting it before I myself am getting close to cracking the intellectual nut...

I bet that some people thought it makes sense to wait when we quickly went below 80k and they thought it would go to 70k, then 60k, then 50k. This is how the brain mostly works for them. But if you have been around, bitcoin is as erratic as Trump I guess!  (in the short term...), but with way more reasonable upside potential, hehe.

[Agbe]

A low coiner is anyone who has not gotten enough BTC, and an overwhelming majority of the world's population are either no coiners or low coiners and many low coiners don't even realize that they are low coiners because they happen to have a few coins.  You, bittraffic, might be one of those smug low coiners who believe that they have enough when they do not.

I like this conceptual distinguishing the two investors. And from your definition, those who are earning from the forum are also classified as low coiners. Because many 99% are depending only on the forum campaigns earning and not really buying. And as you said the low coiners are more among the investors of bitcoin in the investment of bitcoin across the world. Many claim to have bitcoin but when you check it is just a fraction of it.

[BITCOIN4X]

~Snip

Yes sir, optimism must be there, especially if we invest in the long term, then everything we focus on we must convince ourselves that this is the best and will provide many benefits in the decades to come. In theory or data that we have seen so far or the last 10 years, of course there are many risks and we must admit it, the big risk is trusting assets to third parties and we can stay away from it to store assets in our own wallet.

Without knowing it well, perhaps we cannot be as optimistic as we are now about Bitcoin. I was not at all optimistic about bitcoin at first, even though bitcoin is clearly very different from other investment assets based on what has been explained. After getting to know Bitcoin and seeing it grow so rapidly, of course I can be very optimistic in the long term, whether as a store of value or a long-term investment.

Regarding storing bitcoin, it is certainly not recommended to store them online, let alone entrust them to third parties. Holders must store them in a personal wallet with the best security methods, regardless of how many bitcoin you currently have. There are too many risks in entrusting our bitcoin to third parties, so it is really not recommended.

[I_Anime]

A low coiner is anyone who has not gotten enough BTC, and an overwhelming majority of the world's population are either no coiners or low coiners and many low coiners don't even realize that they are low coiners because they happen to have a few coins.  You, bittraffic, might be one of those smug low coiners who believe that they have enough when they do not.

I like this conceptual distinguishing the two investors. And from your definition, those who are earning from the forum are also classified as low coiners. Because many 99% are depending only on the forum campaigns earning and not really buying. And as you said the low coiners are more among the investors of bitcoin in the investment of bitcoin across the world. Many claim to have bitcoin but when you check it is just a fraction of it.

Well is not everyone that can afford one BTC once and it's not necessary or fixed that one should start with one BTC and above , but with DCAing one can actually do that, those that are making some extra bucks in this forum through campaigns can also have enough bitcoin in their portfolio it all boils down to how persistent that investor is in his Bitcoin accumulation, there some folks that have been in this forum since 2021 earning through campaigns when Bitcoin price was still in the range of $20k , imagine you been paid $50 weekly then that would be 0.0025 BTC and that folks kept accumulating using is weekly pay without scraping a dime from it while he focus on his main business that help him handle his basic needs . Such folk would be able to gather such amount of Bitcoin over time , same goes for those that just started, your campaign earning can serve as a good DCAing , while you take care of your basic needs with your other or main source .

[Tauja]

Well is not everyone that can afford one BTC once and it's not necessary or fixed that one should start with one BTC and above , but with DCAing one can actually do that, those that are making some extra bucks in this forum through campaigns can also have enough bitcoin in their portfolio it all boils down to how persistent that investor is in his Bitcoin accumulation, there some folks that have been in this forum since 2021 earning through campaigns when Bitcoin price was still in the range of $20k , imagine you been paid $50 weekly then that would be 0.0025 BTC and that folks kept accumulating using is weekly pay without scraping a dime from it while he focus on his main business that help him handle his basic needs . Such folk would be able to gather such amount of Bitcoin over time , same goes for those that just started, your campaign earning can serve as a good DCAing , while you take care of your basic needs with your other or main source .

Every investor is different, sometimes they can buy 10 btc at once and sometimes they can buy 1 btc at once and there are also those who buy gradually to reach 1 Btc. It all depends on the financial aspect of each investor because investors are also included in 3 categories, some are rich, middle class and some are simple.

Buying gradually is also not wrong because if the main target is for 1 btc they can start $50 routinely every day for a duration of 5 years if associated with a price of $90k. However, if they start with $50 every week they need 35 years to reach 1 btc at a price of $90k. But the price of bitcoin is not always the same so it's better to just start and buy routinely.

[promise444c5]

The last few days were the best example in a long time that time in the market beats timing the market. The volatility was relatively significant, I am saying relatively because bitcoiners who have been around for a while know a different game than no coiners.
That is why the emotional aspect still comes into play here. I am used to bitcoin going down 10% in an hour or getting flash dumped or flash pumped. The day had come when I thought it doesn't matter whether I wait or not. Unless there is some profound analysis I can come up with based on my own research, but in reality there are countless of people having that informational advantage and exploiting it before I myself am getting close to cracking the intellectual nut...

I bet that some people thought it makes sense to wait when we quickly went below 80k and they thought it would go to 70k, then 60k, then 50k. This is how the brain mostly works for them. But if you have been around, bitcoin is as erratic as Trump I guess!   (in the short term...), but with way more reasonable upside potential, hehe.

It wasn't the "best" example but one of example of how bitcoin volatility works, Bitcoin had faced  worse so even with the recent dip we might not be seeing a real dip market but Panic, market reacting to some rumors &news  and manipulations somehow..

Bitcoin could go back to even 50k~60k which is how crazy the market could get interm of volatility but it happened before doesn't mean it will happen again [ that's why people that wait to buy could be very wrong in their decision making, even though they could be lucky with history repeating itself so they call it beign smart which i don't agree ...but normally someone with enough accumulation could actually buy dips by  waiting for some specificrange of buying points  but don't get me wrong it's buying of dip which is totally different form someone waiting for  the lowest bottom to buy, not for someone just starting out though] yet we are hoping the market to play according to history..

Hence, I don't see any emotion somehow, I see gamblers trying to make quick profit so when they can't get it quick they get frustrated  and pull out even in loss , losing even out of what they've tried to gambling... newbies can also get trapped especially when they are being greedy.