Buy the DIP, and HODL!

[cryptoWODL]

Many people think that today's price is too high, but they do not understand that, This price will seem much cheaper in the next few years later. Those who stay away from buying Bitcoin at this time, they will regret for "not buying at this price" in the future. Bitcoin sometimes dumps like this, but after that Bitcoin more pumps even stronger. So those who cannot take advantage of this opportunity will always lose such opportunities, so just plan for the future and keep investing with a long-term holding perspective. Don't worry about the price, just keep buying, because once this opportunity is lost, it may never come back again.

According to the comments you mentioned, those who still feel that today's prices are still too high, I think they may always see the negative aspects of the market, so at this stage they should be able to observe the price of Bitcoin a few years ago so that they can be able to understand properly. Moreover, whenever we enter to invest, it may be the best time for us so it should not be remorseful now. If you want to seek advice from many analysts, many big investors they will say that Bitcoin is the best opportunity to purchase now. We have not yet deposited adequate bitcoin in our portfolio so we need to purchase Bitcoin on a regular basis and only long-term goals should be maintained.

[betswift]

snip

People who argue that investing is less profitable are either traders or people who don't know the potential of Bitcoin and also what long term investment is all about. Just imagine people who invested in Bitcoin 2014, 2015 and has a good fraction of Bitcoin in their portfolio do you know how rich they are now and then compare to people who have been trading it since then and making profit and losing it

even though i will not support trading over investing in bitcoin and HODLing for long, but i will not deny the fact that investing early in bitcoin does not guarantee success. most time we believe that those who bought bitcoin way back during earlier days of bitcoin are super rich but we forgot so soon that there could be many who even sold their bitcoin even when bitcoin was lesser in value compared to todays price, some sold at $10-$20-$50 or $100 respectably when the fraction they have was not even enough to lay their hands on a tangible thing because it was not worth affording a big asset. the people that made fortune as at then can not be compared to the people that bought large quantity since then and hodl till now. so i always find it difficult to believe in the statement that says "people who bought bitcoin early are rich" because certainly not all are rich, because most of them are still regretting till today even after they might have sold their bitcoin and bought bitcoin along the line when the price is high, they still find it hard to believe that they sold large number of their bitcoin at cheap rate then, and now buy lesser number of bitcoin with huge amount.

Only a small fraction would hodl till now.
Others would sell earlier, however - they are still in profit, although a smaller one, and they are probably accumulating more and hodling, so everything is fine in my book.

[ultrloa]

Some novice investors think that if they invest a small amount of money in Bitcoin, they can make a lot of money from that investment within a few days. People who come into investment with such ideas most of the time do not stick with the investment and in a short period of time they get too excited. And in excitement they sell their investment with a relatively small amount of loss and they don't want to believe that the investment yields a good amount of profit.  

Some investors confuse trading and investing. That is, investors start investing for the purpose of investing, but when they see some amount of profit after investing, they immediately sell their investments, and there is a class of investors who cannot accept temporary losses and even at that time they get excited and sell their investments. The real purpose of investment is not all this, before investing, the investor must be patient enough and also have enough confidence in his investment. Market changes every moment, changes are not only positive changes but also negative changes. If after investing we cannot accept these temporary positive or negative changes in the market then we will never reach our goal.  

Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.
term.

what it takes to be an investor is to be ready for losses if a novice investor thinks that by investing little amount of money to get profit and later sell , that investor  might just think that the market is an ordinary up and down that he or she can place his investment in but in doing that you are only making a great mistake and risk that you will definitely regret .the ideal of separate fund is to be well assure That no matter the  risk you can still invest but most times a novice do not have a separate fund . So after a big loss what will the novice investor do .

Loss is inevitable no doubt but since we are investing with what we can afford to let go that is a money we can spare and then if we are holding for a long time which will be profitable, then we should not give a shit about loss because loss is most likely to happen to people who are trading Bitcoin just like you said buying and selling because of little profit. Why still making use of this word " separate fund' the only word we are conversant with here are discretionary, reserve, back up, emergency and floating funds and I don't actually know where to place or categorize this separate fund whether it is discretionary or not, well it is good to use the right word so that you don't confuse people and yourself.

On investing on Bitcoin I think that investing the amount we can afford to let go doesn't make sense at all. Since our target is to earn and be in good situation especially that we are dealing with Bitcoin for long term. If we think about that way then maybe we might gonna messed up our investment since we might think that its ok to experience failure on what we are doing. That's why its important to set up some emergency funds in this situation so that we have funds to cover us up when everything messed around like if there's unforeseen or emergency situation happened.

Better they should not confuse their selves and learn what is the real use of emergency funds and reserve funds so that they can allocate their money well according to its purpose.

[Mayor of ogba]

Yes, it is wrong to force anyone to do things that didn't come from their heart. But the first major stuff newbie ought to know is the purpose of Bitcoin creation, functionality of Bitcoin blockchain, and transaction which I believe will make them love the technology aspect of Bitcoin than benefits aspect.

Second, how to use a self-custodial Bitcoin wallet securely ^{(how to secure their bag, and also have to do with transaction fee)}, and they can then be taught the volatility of the market.

If they are taught about market volatility at first, they may be greedy and believe that they know everything.

This is where most newbies or novice do get it twisted. I can remember when I started though it wasn't an easy task to say but with determination and patient to keep exploring tools and other resourceful material that makes one understood the whole progression of Bitcoin and to that which is related to investments is something that has given the edges and geared me up to this level. And of course newbies must not take basics for granted since it's what gives them a clearer view on how to start and follow their investments and trading journey.

It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.

[Wind_FURY]

snip

People who argue that investing is less profitable are either traders or people who don't know the potential of Bitcoin and also what long term investment is all about. Just imagine people who invested in Bitcoin 2014, 2015 and has a good fraction of Bitcoin in their portfolio do you know how rich they are now and then compare to people who have been trading it since then and making profit and losing it

even though i will not support trading over investing in bitcoin and HODLing for long, but i will not deny the fact that investing early in bitcoin does not guarantee success. most time we believe that those who bought bitcoin way back during earlier days of bitcoin are super rich but we forgot so soon that there could be many who even sold their bitcoin even when bitcoin was lesser in value compared to todays price, some sold at $10-$20-$50 or $100 respectably when the fraction they have was not even enough to lay their hands on a tangible thing because it was not worth affording a big asset. the people that made fortune as at then can not be compared to the people that bought large quantity since then and hodl till now. so i always find it difficult to believe in the statement that says "people who bought bitcoin early are rich" because certainly not all are rich, because most of them are still regretting till today even after they might have sold their bitcoin and bought bitcoin along the line when the price is high, they still find it hard to believe that they sold large number of their bitcoin at cheap rate then, and now buy lesser number of bitcoin with huge amount.

Only a small fraction would hodl till now.
Others would sell earlier, however - they are still in profit, although a smaller one, and they are probably accumulating more and hodling, so everything is fine in my book.
 

I believe it's because of real life necessities. There are many people who don't have the comfort of having enough savings in their bank accounts, or have a job that could actually have a salary that could give them the disposable income that they need to invest in Bitcoin.

The majority of us in BitcoinTalk are probably plebs, and some of us need to sell to pay for bills and other needs in life. Therefore, if you're young, single, and have no responsibilities, then you can be irresponsible with most of your savings by Buying the Bitcoin DIP, and HODL. 2019 and 2023 were good years for that, and if the market will actually crash, we plebs will have another Golden Opportunity.

[DubemIfedigbo001]

Investors need some courage to invest in Bitcoin that courage helps the investor to take any decision at any time. If an investor thinks that the price of Bitcoin is at its peak and refrains from investing, he may regret it in the future because when the market goes up in stages, he will still think that the market is at its peak. And as long as he continues to think like that he will not be able to invest and in doing so will see the price of Bitcoin go to a much higher level.

This arises as a result of over-speculating on the price of bitcoin which as time goes on, results in decision fatigue and the potential investor becomes obviously afraid to even make an actionable move to invest into Bitcoin. The effect of the fear built in as a result of not taking action when supposed still manifests as such investor keeps giving themselves reason to speculate and expect an abstract dip that might never come, thus losing time, experience and efficiency in what should've been their accumulation process. Delayed action is very bad in bitcoin accumulation, and some folks may fuel such delays with the self-deception excuse that they're learning, yet it is proven that learning becomes more efficient when it is done practically and not just theoretically. As long as you've discretionary income, it is very important you start accumulating straight up to curb this problem of Decision fatigue and learn more about bitcoin as you advance in your accumulation journey.

Most should-have-been investors regrets not being more actionable in the past, many might regret in the future, but they have the option to curb those regrets by quitting being speculators and turn investors. The choice is yours!!!!.

I must mention that if not for anything, there is an internal joy that comes from your seeing the progress you're making as your investment continue to grow (your portfolio expanding as a result of consistent and committed accumulation, having less or no concentration on the noises from the market) and the success of being closer to your accumulation target, coupled with the positivity of being able to manage your cashflow more effectively (this happens to give me a different kind of happiness).

[Uhwuchukwu53]

Investors need some courage to invest in Bitcoin that courage helps the investor to take any decision at any time. If an investor thinks that the price of Bitcoin is at its peak and refrains from investing, he may regret it in the future because when the market goes up in stages, he will still think that the market is at its peak. And as long as he continues to think like that he will not be able to invest and in doing so will see the price of Bitcoin go to a much higher level.

This arises as a result of over-speculating on the price of bitcoin which as time goes on, results in decision fatigue and the potential investor becomes obviously afraid to even make an actionable move to invest into Bitcoin. The effect of the fear built in as a result of not taking action when supposed still manifests as such investor keeps giving themselves reason to speculate and expect an abstract dip that might never come, thus losing time, experience and efficiency in what should've been their accumulation process. Delayed action is very bad in bitcoin accumulation, and some folks may fuel such delays with the self-deception excuse that they're learning, yet it is proven that learning becomes more efficient when it is done practically and not just theoretically. As long as you've discretionary income, it is very important you start accumulating straight up to curb this problem of Decision fatigue and learn more about bitcoin as you advance in your accumulation journey.

Most should-have-been investors regrets not being more actionable in the past, many might regret in the future, but they have the option to curb those regrets by quitting being speculators and turn investors. The choice is yours!!!!.

I must mention that if not for anything, there is an internal joy that comes from your seeing the progress you're making as your investment continue to grow (your portfolio expanding as a result of consistent and committed accumulation, having less or no concentration on the noises from the market) and the success of being closer to your accumulation target, coupled with the positivity of being able to manage your cashflow more effectively (this happens to give me a different kind of happiness).

Yes the truth remain in the corridor of your points many today uses the studying of Bitcoin create more indicision on their investment plan as every move they plan to take will be shattered by over calculation as most of the over speculation many has made because their focus, but if some of this are given negligence and focus on investing as much as the investor can provided the discrinationary income flow is there. One major facts as pointed by you know matter who claim of learning, for it to be effectual practical must be a beacon as it speaks volumes than theory.

[Sticky Bomb]

Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.

Hey mate, I think I have a problem with maintaining your accumulation from your emergency fund. There should be separation of concerns in your investment journey and emergency fund should be used only for real emergencies and not converted to accumulation funds. There is a possibility of having emergencies at anytime and if they come around at a time that you have converted them to your holdings, then you'll have no other option than to tamper with your portfolio to solve emergencies and this is really a very bad practice in its totality.

I believe there is limited chances your backup funds would really survive after your crises, yet the duration of crises tends to differ and some get back to their feet faster than others, and I think that you should not touch your emergency funds when you bounce back to your feet unless you've real emergencies, but work to continue your accumulation journey with as much aggressiveness as you can maintain, while strategizing on ways to replenish the backup funds you may have depleted when you were down financially.

[Umulala-alala]

Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.

Hey mate, I think I have a problem with maintaining your accumulation from your emergency fund. There should be separation of concerns in your investment journey and emergency fund should be used only for real emergencies and not converted to accumulation funds. There is a possibility of having emergencies at anytime and if they come around at a time that you have converted them to your holdings, then you'll have no other option than to tamper with your portfolio to solve emergencies and this is really a very bad practice in its totality.

I believe there is limited chances your backup funds would really survive after your crises, yet the duration of crises tends to differ and some get back to their feet faster than others, and I think that you should not touch your emergency funds when you bounce back to your feet unless you've real emergencies, but work to continue your accumulation journey with as much aggressiveness as you can maintain, while strategizing on ways to replenish the backup funds you may have depleted when you were down financially.

It is expected from us to always invest using our discretionary Income anything out side using our discretionary Income for bitcoin investment is wrong and can be consider as gambling, just as what you have said what will then happen to our investment if after using our emergency fund for investment and the real emergency happened we wont have any option than to sell out our bitcoin to settle the unexpected event and such investor can sell at lost because he might be selling when the price has drop mean while he is still to be buying bitcoin.

[SOKO-DEKE]

It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.

I thought we have said this many times, anyone with a mindset of buying and selling for the short term should be considered a trader. Once someone buys Bitcoin and aims to sell it within a short time hoping the price will go up, they might be lucky to sell at bitcoin increase price.However, they will surely likely to buy back at a lower price and sell high price again, and that's where predictions start to go wrong. The price might not decrease as expected, and it may not even reach their target level. By doing this, they end up missing out on the benefits of Bitcoin investment.

Some people have missed great opportunities because of this short-term buying and selling strategy. This approach has turned individuals who initially aimed to be investors into traders, causing them to lose some of their funds in trading.Let us understand that investing in Bitcoin requires patience for the long term. Only through a long-term perspective can we achieve meaningful returns. This is why Bitcoin real investors focus on consistently accumulating Bitcoin, with the aim of holding it for the long term.

[Justbillywitt]

Many people think that today's price is too high, but they do not understand that, This price will seem much cheaper in the next few years later. Those who stay away from buying Bitcoin at this time, they will regret for "not buying at this price" in the future. Bitcoin sometimes dumps like this, but after that Bitcoin more pumps even stronger. So those who cannot take advantage of this opportunity will always lose such opportunities, so just plan for the future and keep investing with a long-term holding perspective. Don't worry about the price, just keep buying, because once this opportunity is lost, it may never come back again.

Until now, no one has been able to predict the future, and I hope no one will ever be able to. Bitcoin is an uncertain market, anything can happen at any time. According to the current market demand for Bitcoin, it can be assumed that the price of Bitcoin will increase in the future. But it can never be guaranteed that the price of Bitcoin will increase.

We can expect that the demand for Bitcoin that is currently there will be a lot more demand for Bitcoin in the future. If the demand for Bitcoin really increases a lot in the future, then the current value of Bitcoin is very small. Save Bitcoin for the future, such as long-term investment. Long-term investment is much less risky than short-term investment.

I don't need to be guaranteed any anyone when it comes to bitcoin investment, but that doesn't mean that I don't have this conviction that bitcoin price will be far better than it is today in the next few years from now. Let's say a decade from now bitcoin price won't remain the way it is right now. To me that's a somehow a level of conviction. And since in have this conviction, it does serve as a motivation to me. If we as long term investors don't have this conviction, then why do we keep investing and holding bitcoin for long-term? If as long term investors we are convinced that people who are in for short term profit are making financial mistakes and we believe that long term hold is the best way to get the most out of bitcoin investment, that alone is enough to serve as little form of conviction to us the investors.

Even though nobody has guaranteed us that bitcoin will get to certain prices, but believing that the price won't remain at this range in the next decade is enough for an investor to keep accumulating. We don't have do be speaking like people who are not convinced about bitcoin. If you ain't convinced that bitcoin is destined for a great future, you might not be consistent with your accumulation and holding journey. As long term investors we don't have to be sounding like people who are confused about what we are doing or sound like broken records when talking about bitcoin achieving higher prices in the future.

[bitzizzix]

Many people think that today's price is too high, but they do not understand that, This price will seem much cheaper in the next few years later. Those who stay away from buying Bitcoin at this time, they will regret for "not buying at this price" in the future. Bitcoin sometimes dumps like this, but after that Bitcoin more pumps even stronger. So those who cannot take advantage of this opportunity will always lose such opportunities, so just plan for the future and keep investing with a long-term holding perspective. Don't worry about the price, just keep buying, because once this opportunity is lost, it may never come back again.

Until now, no one has been able to predict the future, and I hope no one will ever be able to. Bitcoin is an uncertain market, anything can happen at any time. According to the current market demand for Bitcoin, it can be assumed that the price of Bitcoin will increase in the future. But it can never be guaranteed that the price of Bitcoin will increase.

We can expect that the demand for Bitcoin that is currently there will be a lot more demand for Bitcoin in the future. If the demand for Bitcoin really increases a lot in the future, then the current value of Bitcoin is very small. Save Bitcoin for the future, such as long-term investment. Long-term investment is much less risky than short-term investment.

I don't need to be guaranteed any anyone when it comes to bitcoin investment, but that doesn't mean that I don't have this conviction that bitcoin price will be far better than it is today in the next few years from now. Let's say a decade from now bitcoin price won't remain the way it is right now. To me that's a somehow a level of conviction. And since in have this conviction, it does serve as a motivation to me. If we as long term investors don't have this conviction, then why do we keep investing and holding bitcoin for long-term? If as long term investors we are convinced that people who are in for short term profit are making financial mistakes and we believe that long term hold is the best way to get the most out of bitcoin investment, that alone is enough to serve as little form of conviction to us the investors.

Even though nobody has guaranteed us that bitcoin will get to certain prices, but believing that the price won't remain at this range in the next decade is enough for an investor to keep accumulating. We don't have do be speaking like people who are not convinced about bitcoin. If you ain't convinced that bitcoin is destined for a great future, you might not be consistent with your accumulation and holding journey. As long term investors we don't have to be sounding like people who are confused about what we are doing or sound like broken records when talking about bitcoin achieving higher prices in the future.

Of course, belief is the main thing that must be instilled in us if we want to maintain Bitcoin in the long term and get big profits. But all of that must be based on research, I mean seeing the development and growth of Bitcoin users that continue to grow and the number of adoptions that continue to grow over time and also the track record that proves that the long term is the winner and the personal strength to have faith because that's the only thing that keeps me strong regardless of what happens in the market and also negative news about Bitcoin because it has become part of Bitcoin and what we must know in the end the price of Bitcoin continues to rise and continues to rise through all of that and all of that must be known which makes us have strong faith in Bitcoin. And patience is also needed not because the price drops then panic wants to sell it, but patience to hold when the price of Bitcoin rises and gives us a decent profit and must have strong patience by holding it because this goes back to our belief that it is just the beginning of Bitcoin giving good profits which is actually a test and if we are patient and remain confident in the future Bitcoin will provide much greater profits than that. And continuing to buy regularly is the best way for us to grow Bitcoin that will accumulate to be large in the long term which will provide much greater benefits in the future. But all of that must be supported by good financial management, directed, separate, not using important money and having discretionary finances and so on that most people say and it is true, aiming for everything to run well and according to expectations.

[Dzwaafu11]

Even the price that is expensive now will be very cheap in 5-10 years. This has always been the case, and it will always be the case because of limited supply and high demand.

This is the fact that so many crypto investors don't seem to realize, that in many years to come, the price we have Bitcoin currently will be called cheap. Those who still have Bitcoin till that time will be the ones smiling all through because of the potential profits Bitcoin has given them.

I will say that let's not put our minds on how expensive Bitcoin is today but rather on what Bitcoin will be worth in years to come. Its price will increase tremendously by then, which I am just sure of.

Many people think that today's price is too high, but they do not understand that, This price will seem much cheaper in the next few years later. Those who stay away from buying Bitcoin at this time, they will regret for "not buying at this price" in the future. Bitcoin sometimes dumps like this, but after that Bitcoin more pumps even stronger. So those who cannot take advantage of this opportunity will always lose such opportunities, so just plan for the future and keep investing with a long-term holding perspective. Don't worry about the price, just keep buying, because once this opportunity is lost, it may never come back again.

Anytime I see someone waiting for more deep, I see them as investors who are still yet to understand the fundamentals and the market movement of bitcoin. Because anybody who know how far bitcoin have come will understand that the future of bitcoin is going to be bright, as time goes on the current price people think is too high and waiting for more deeps before they buy, will be one of the cheapest price of bitcoin in the nearest future.

That is why anytime you have money that is made to invest, I will advise that person to do that regardless of the price. As an investor, you already plan that you are investing for a long time, so you should not panic with the current price of bitcoin. We believe it will be a record high price compared to what it is currently.

[Humblevirus]

Even the price that is expensive now will be very cheap in 5-10 years. This has always been the case, and it will always be the case because of limited supply and high demand.

This is the fact that so many crypto investors don't seem to realize, that in many years to come, the price we have Bitcoin currently will be called cheap. Those who still have Bitcoin till that time will be the ones smiling all through because of the potential profits Bitcoin has given them.

I will say that let's not put our minds on how expensive Bitcoin is today but rather on what Bitcoin will be worth in years to come. Its price will increase tremendously by then, which I am just sure of.

Many people think that today's price is too high, but they do not understand that, This price will seem much cheaper in the next few years later. Those who stay away from buying Bitcoin at this time, they will regret for "not buying at this price" in the future. Bitcoin sometimes dumps like this, but after that Bitcoin more pumps even stronger. So those who cannot take advantage of this opportunity will always lose such opportunities, so just plan for the future and keep investing with a long-term holding perspective. Don't worry about the price, just keep buying, because once this opportunity is lost, it may never come back again.

When i come across people making statement that the price of bitcoin is very high for them to buy now i just laugh because we haven't even reach the peak of bitcoin for anyone to say that the price is too high when we have only reach an ATH of $109k so what will now happen when the price approaches $500k and above that means no body will be buying bitcoin at that price again but one thing people need to know is that while thinking about the profits you can get from your investment, it is also good to store more of our money in bitcoins as those are the sole reasons why we shouldn't look at how high the price of bitcoin is at any time we want to buy. The target should be how to increase our portfolio while seeking for the profits we can get in the long term.

Let’s just know that there are some people who will never stop complaining about Bitcoin price that the price is high at any price they see Bitcoin at Period. There are some people who were complaining when Bitcoin's price was still at $1k, and when Bitcoin moved to $5k, some people were still complaining that the price was high.but there are still many who believe in Bitcoin and see any price as an opportunity and They always use that opportunity to accumulate more.

The truth about life is that there will always be some people who will always go against something, even if they see others are making good out of it. But know that these types of people will always remain in a stage of regret.As for me, I believe strongly in Bitcoin. At any price level I see Bitcoin, I will be ready to continue accumulating because I always feel it is an opportunity for me.

[Olatundespo]

Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.

Hey mate, I think I have a problem with maintaining your accumulation from your emergency fund. There should be separation of concerns in your investment journey and emergency fund should be used only for real emergencies and not converted to accumulation funds. There is a possibility of having emergencies at anytime and if they come around at a time that you have converted them to your holdings, then you'll have no other option than to tamper with your portfolio to solve emergencies and this is really a very bad practice in its totality.

I believe there is limited chances your backup funds would really survive after your crises, yet the duration of crises tends to differ and some get back to their feet faster than others, and I think that you should not touch your emergency funds when you bounce back to your feet unless you've real emergencies, but work to continue your accumulation journey with as much aggressiveness as you can maintain, while strategizing on ways to replenish the backup funds you may have depleted when you were down financially.

It is expected from us to always invest using our discretionary Income anything out side using our discretionary Income for bitcoin investment is wrong and can be consider as gambling, just as what you have said what will then happen to our investment if after using our emergency fund for investment and the real emergency happened we wont have any option than to sell out our bitcoin to settle the unexpected event and such investor can sell at lost because he might be selling when the price has drop mean while he is still to be buying bitcoin.

The reaction that occurs when the price of Bitcoin drops is that it makes an investors face dry and his conscience begins to disappear. This happens to those who do not have a backup fund flow. That is why it is recommended for investors to have at least three months of floating funds. We who are new investors, hold Bitcoin with emotion but stay away from thinking too much about the long term for the next emergency. This is irresponsible for us who are looking after our family / for long term investment protection. The things that we are particularly interested in from previous investment mistakes are to keep a supply of floating cash funds in case of any possible situation. Protection from the risk of price dumping or withdrawal of investment in unexpected situations.

[Princess Leah]

The reaction that occurs when the price of Bitcoin drops is that it makes an investors face dry and his conscience begins to disappear. This happens to those who do not have a backup fund flow. That is why it is recommended for investors to have at least three months of floating funds. We who are new investors, hold Bitcoin with emotion but stay away from thinking too much about the long term for the next emergency. This is irresponsible for us who are looking after our family / for long term investment protection. The things that we are particularly interested in from previous investment mistakes are to keep a supply of floating cash funds in case of any possible situation. Protection from the risk of price dumping or withdrawal of investment in unexpected situations.

It's normal for new investors to panic and get emotional when the price of bitcoin falls, it's something that's happened to even people with a steady in therefore it's a normal phenomenon with those set of people whether back up finds or not, being new to it is enough to get worried cause at that point they're still very ignorant about certain things but as time goes on, whether they're patient enough to continue investing or not, they'll learn from experience.

 The major things is the ability to maintain patience even while emotion plays it's role, cause like I said earlier, even someone with 3 months of floating funds would be forced to pull out their funds if they don't kill their emotions and remain patient, Bitcoin is a long-term investment and patience give investors the ability to hold for a longer period, overcome emotions caused by the fear of loosing funds due to price drop, that's why I classified it as one of the major things a true investor should possess.

[Mr Reporter]

Read again if you don't understand. When you zoom out you will see Bitcoin has always seen new highs. Even though your current buying point looks high it doesn't matter because Bitcoin will go higher in the future. If you don't zoom out you don't see longer perspective and you make wrong calls. Read again newbie, don't make same mistakes as everyone else except a few people here.

You are right, but I never pay attention to the chart when buying bitcoin. But if I have a lot of free time I also really like to scribble on the chart in my own way or predict the price of bitcoin but it's all just a pleasure for me. But as time goes by I Focus more on not doing it because I plan my purchases every week so it's better if I buy right away.

My mission is to buy Bitcoin every week until I reach 100 week. I just reached my second purchase so there is still a lot of time that I have to focus on to be able to reach 100 week. In my mind whether I will be able to achieve it or not, But I will do my best and find a way to make my mentality stronger to be able to Hold bitcoin for a long time.

The problem why i don't really not pay much attention to the chart, the DCA strategy helps one to better and accomplish your goals in accumulating BITCOIN and also it help in the remover of stress of consistently time of the market and i have aslo learned it keeps it to discipline what most newbies in BITCOIN world is to consider the DCA strategist

Using the DCA strategy is just a well know for strategy in which will all have different ideas to it  and it helps removes the stress of your timing in the market with the DCA strategy it help to stay alway from the chart and when reaching the 100 week in accumulating  BITCOIN it will be like a thing of testing your patients and it has been be know to be one.

[ejikeme24]

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.

Forcing someone to go into bitcoin when he's yet to know about how bitcoin investment works is just the same as pushing someone in a deep hole, I guess you know how difficult it is before he can be able to come out from the hole. Sometimes the victim will still need to scream so as for people to come for his rescue, of course that's exactly how it is when you force someone to invest in bitcoin without a proper knowledge about how bitcoin investment works. Is obvious that the person will end up doing the wrong thing, however learning about bitcoin need to be done in a gradual process. So as to be able to get all the necessary informations about bitcoin, before investment should be made.

[DaNNy001]

It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.

Not only the newbies.
It is not right for everyone to invest in Bitcoin and chase after short-term gains when the best gain is through long-term holding. It is just like this thread topic, which is "Buy the DIP, and HODL". This is always the most profitable decision ever, and that's why people are advised to accumulate BTC directly proportional to their discretionary income, which will prevent the idea of depending on their BTC investment to meet their expenses.

Short term investment is just like trading, and you would most likely just temper with your portfolio and in the end of everything, I think you would end up not even finishing what you actually started but when the plan is long term with DCA strategy at most with a consistent view of what you doing through the DCA strategy then you would probably get to the finish line and realize the actual plan and goal of you investment in Bitcoin.

[Pi$$]

It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.

I thought we have said this many times, anyone with a mindset of buying and selling for the short term should be considered a trader. Once someone buys Bitcoin and aims to sell it within a short time hoping the price will go up, they might be lucky to sell at bitcoin increase price.However, they will surely likely to buy back at a lower price and sell high price again, and that's where predictions start to go wrong. The price might not decrease as expected, and it may not even reach their target level. By doing this, they end up missing out on the benefits of Bitcoin investment.

Some people have missed great opportunities because of this short-term buying and selling strategy. This approach has turned individuals who initially aimed to be investors into traders, causing them to lose some of their funds in trading.Let us understand that investing in Bitcoin requires patience for the long term. Only through a long-term perspective can we achieve meaningful returns. This is why Bitcoin real investors focus on consistently accumulating Bitcoin, with the aim of holding it for the long term.

I should be asking you the same question because it is you who brought up the topic of buying and selling = trading not Mayorofogba. Perhaps next time when we are discussing of something else you should not troll on someone else or accuse someone of saying what he did not say. Most persons are fond of doing that there. Every discussion has where it is leading to so diverting from it means you are making those who will take their time to read through to be misguided/mislead. Always take your time to read through mate it will be better. I just read through Mayorofogba comment and he never said anything about people buying and selling.

Let me drag your attention to this side. Are you aware that Bitcoin is around $79,107.64 below $80k. How much have you accumulated since the price dipped a little. For those who have extra discretionary income that they can spare, this is another opportunity to buy the dip i bet you will love to take it.