Buy the DIP, and HODL!

[Muba20]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

If you are persuaded by someone else to invest in Bitcoin, then your investment may be hindered. You may have good knowledge about Bitcoin, but newbies may make such mistakes. They may sell their Bitcoin at a slight price drop and there is a risk of losing their money. When you have a good idea about Bitcoin and you have faith in it, even if the Bitcoin price decreases, it will not be a cause of loss for you. That is why it is important to gain knowledge for safe investment. When the price of Bitcoin was low, they were afraid if the price decreased further from that price? Again, there are some who are afraid of seeing a price correction after a big rise. The only way to deal with such emotional situations is if someone does DCA and continues to accumulate Bitcoin regularly, they will definitely be able to build a large portfolio of Bitcoin without any stress.

[JayJuanGee]

[edited out]

With most of the friends that I have talked to, this is the kind of narrative and explanation that they always throw at me. They have to wait for bitcoin to double its price so that they can also have double their money.

Of course, if you double your money based on price appreciation, then if you take out 50%, then you have taken out the totality of your whole investment, and so whatever is remaining in bitcoin is "house money," yet I am not sure if that is a good way to invest, especially in bitcoin.  

There have been so many folks who have gone through several doublings, so then those doublings add up to quite exponential growths.

I outlined the power of compounding in one of my earlier posts, and so surely we can find that continuing to allow doublings and even 9 doublings would end up in 256x in profits.. so it becomes quite a great value to be able to have enough patience to experience several doublings.

The power of compounding.
There surely is a certain power to compounding.  Let's imagine a hypothetical purchase of 20 BTC starting out with $5k invested in 2015... **(so that is about an average of $250 per BTC). It would just take a few of the compounding events to really start to feel the power of the compounding..   Even if you were to start to cash out 20% of your BTC stash after 10 or 11 compounding events, you would not deplete your BTC by cashing out in such a manner.

**this example was inspired by my earlier post on the topic.
1) $250 to $500     = $10k  (early 2015 to mid-2016)
2) $500 to $1,000     = $20k (mid-2016 to late 2016)
3) $1,000 to $2,000     = $40k  (late 2016 to mid-2017)
4) $2,000 to $4,000     = $80k  (mid -2017 to early 2020)
5) $4,000 to $8,000     = $160k (late-2017 to late 2020)
6) $8,000 to $16,000     = $320k (late 2017 to late 2022)
7) $16,000 to $32,000     = $640k (late 2017 to late 2024?)
8 ) $32,000 to $64,000     = $1.28 million (early 2021 to ?)
9) $64,000 to $128,000     = $2.56 million  (Early 2021 to ?)
10) $128,000 to $256,000     = $5.12 million (?)
11) $256,000 to $512,000     = $10.24 million   (?) (20 BTC) (otherwise if spending 20% reduced to about $8.192 million with a remaining stash of 16 BTC)
12) $512,000 to $1.24 million     = $20.48 million (?) (20 BTC) (otherwise if spending 20% reduced to about $15.872 million with a remaining stash of 12.8 BTC)
13) $1.24 million to $2.48 million     = $40.96 million  (?) (20 BTC) (otherwise if spending 20% reduced to about $25.3952 million with a remaining stash of 10.24 BTC)

So think about it, if the BTC price gets to $500k, then this hypothetical holder starts cashing out 20% of his stash each time the BTC price doubles, he still is allowing the stash to grown more than the amount that he is cashing out.    You can work out the raking numbers with a spreadsheet that I developed and discussed in another thread which fillippone has also linked a google spreadsheet to it so that you can plug in your own numbers to see how the compounding and raking works out with various numbers plugged therein.

Here is an excerpt / example of a similar but later posted description of compounding (For clarity, I edited the below post)

So, let's look at the historical numbers and the timeline from 2015 to present again.
0)   $250  (2015)                                    1X
1)    $500  (2015-2016)                           2X
2)    $1,000    (2016-2017)        2X * 2 = 4X
3)    $2,000  (2017)                  4X * 2 = 8X
4)    $4,000  (2017-2020)          8X * 2 = 16X
5)    $8,000   (2017-2020)        16X * 2 = 32X
6)    $16,000  (2017-2022)       32X * 2 = 64X
7)    $32,000  (2021-2023?)      64X * 2 = 128X
8 )    $64,000  (2021-?)             128X * 2 = 256X
9)    $128,000  (?)                    256X * 2 = 512X

You can likely see that if you are shaving off profits at the earlier stages, then you are going to eat into the compounding (and/or exponential) component in regards to how your value would have had grown through that period of time.

So in this particular factual example the guys who bought in 2015 and had a base of $250 per BTC and who did not sell any of their BTC, they would have had experienced 8 doublings that would have brought their holdings up to 256x for a short period of time during the period that BTC was priced at more than $64k, and so then their amount of value would have come back down to 6 doublings when the BTC price dropped back down to around $16k (which would have been around 64x) and then now they are currently in the supra 7 doublings that would have been 128x when the BTC prices were at $32k, and they will be back to 256x once (or if) the BTC price gets back to supra $64k, and then if the BTC  price goes above $128k, then they will get into the supra 512x territory..

I've said they're right but I get it when they're trying to win an argument over this thing because they're up for the altcoins.

Yep.. some guys are distracted into trading and others are distracted into shitcoins. I cannot proclaim to know, even though I tend to suggest to limit trading and shitcoining to less than 10% of the value of your bitcoin holdings (without cheating), and you are likely to outperform shitcoiners and/or traders, especially after a couple of cycles of investing into bitcoin.

I've explained to them that it's real with altcoins but they're more volatile than Bitcoin and they might not see that altcoin they are so optimistic with in the next bull run.

Personally, I've told them that investing in Bitcoin requires patience and treat it as their savings. Instead of saving in the bank and making the bank win, they should be the bank themselves and take that win. The limited of supply of Bitcoin wasn't hard to explain to them but I hope that they have realized that or even the newbies nowadays.

I agree that Bitcoin is a long term investment despite that I have saved some, I am continuing it and putting money where my mouth is trying to prove it because it works.

It takes a long time to build wealth, and so hopefully for your own good, you can stay focused... and hopefully you can persuade some of your friends to stay focused, yet you cannot really change people in terms of their inclinations, so many times I just suggest to try to lead by example, and maybe some of them might become persuaded to go down an investor and bitcoiner route rather than trading and/or getting into shitcoins, yet if they are at least able to limit their exposure to trading and/or shitcoins to less than 10% the size of their bitcoin investment then at least they can at least limit their damage in the event that they cannot resist the temptation to shitcoin and/or to trade.

[Derekfunds]

Good decision have braveness used saving fund for buying bitcoin at the dip price with difficulty found another people will scare for taking their saving fund to buy bitcoin. If keep hold until two or three years until bitcoin hit higher price unfortunately earn much profitable and get huge increasing of his saving fund than keep in the bank only.

Some time mentality have huge influence for someone want investing in bitcoin, actually using saving fund although have dip price but get worry all in to buy bitcoin and prefer keep saving their fund at the bank. I think need braveness take best moment with bitcoin get down and buy back although have spent out our saving fund and then sell it after bitcoin hit higher price.

But in the end, this context does not lead to investment because in the end it is not much different from trading if the concept is like that.

This is what sometimes becomes confusion for some people because they lose their way in understanding the investment made because they mix up the understanding of trading and investment so that sometimes they feel that selling and waiting for the price to correct is a way of investing even though it is trading because for long-term investment of course we are aware that we will not sell the bitcoin that we have at this time even though the goal is to buy it back when bitcoin corrects.
Many misunderstandings about this which sometimes it is quite capable of making their goals which were originally quite good actually become chaotic because of the understanding of investment that is wrong considering they mix the understanding of investment and trading.

That's just the point bro, mostly newbies investors confuse trading for investment because they still has that mindset of making quick money, because of that they will sell off all their holdings for minimal gains and thinking to buy back when the price has dip, but that's not investing, that's trading because an investor will not sell off his holdings for minimal gains and secondly, he will never sell of his holdings especially when he is still in his accumulation stage, it's only traders that doesn't have a set time that they sell, they just sell once their is a sharp increase in price, and they are mostly the ones that still sell at a loss anytime the is a strong dip in the market because they feels like it's going to take a lot of time before the market recover, so that is one of the key reason why they are mostly nowhere near an investor in terms of ROI in the same timeframe like ten years or more.

It’s obvious that most people who doesn’t have enough knowledge about investment mistake it for trading, most newbies are only interested in making a fast money that is why they get involved in trading and investing in other shitcoins to hold for a temporary gains, as soon as they see a return of investment they are like wow and are ready to make an immediate profit. But they are not aware of the benefits which comes with investing in bitcoin and building a stable portfolio and accumulate bitcoin until they get to over accumulation and then decide to sell little by little, some of the newbies who are into trading are also aware of the potential benefits of bitcoin but they choose trading because they are more interested in making fast money, and getting themselves into mess by trading there bitcoin when there is a profit. And loosing money in the process of trading.

Some of them it is not actually because they don't have Bitcoin knowledge that is why they mistake it for trading no, they knew, just that they don't have sense and discipline of holding for a long period of time ( impatient), they are just in a rush to make millions and billions overnight which is not possible and some people have forgotten that there is principles and protocol on how to go about this Bitcoin of a thing and once you don't follow the..., you will miss everything good that you would have achieved or derived. Moreover, they should be ready and willing to face the consequences when it comes.

[I_Anime]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

As an bitcoin investor you don’t need to focus on market price rather focus on building your bitcoin stash , when you have gotten some good amount of bitcoin ( reaching your accumulation goal) , then you can focus on the price when it comes to taken profit then .

To be honest we don’t know if bitcoin price will continue to go up , but bitcoin has proven that it always recover whenever it’s experienced any dip . And it has also proven to have some good potential, so better to be part of it by taken your time to accumulate more bitcoin.

[Bd officer]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

If you invest in Bitcoin as suggested by other people then you will face various problems, so you try to know about Bitcoin by yourself, you see the history of Bitcoin. Don't panic about listening to other people. Those who think that the price of Bitcoin will not be recovered, have no idea about Bitcoin, they are still ignorant. Bitcoin has proven that it is able to recover even when prices fall. But in the case of altcoins, you can say that recovery is not possible if the price falls. However, if you have a long-term plan, you should not focus on the market, you should focus on depositing bitcoins. If you want to succeed by investing in Bitcoin, there is no substitute for long-term planning. So experienced people recommend depositing bitcoins in DCA method, investing in DCA method has less risk.

[Tonimez]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

If you invest in Bitcoin as suggested by other people then you will face various problems, so you try to know about Bitcoin by yourself, you see the history of Bitcoin. Don't panic about listening to other people. Those who think that the price of Bitcoin will not be recovered, have no idea about Bitcoin, they are still ignorant. Bitcoin has proven that it is able to recover even when prices fall. But in the case of altcoins, you can say that recovery is not possible if the price falls. However, if you have a long-term plan, you should not focus on the market, you should focus on depositing bitcoins. If you want to succeed by investing in Bitcoin, there is no substitute for long-term planning. So experienced people recommend depositing bitcoins in DCA method, investing in DCA method has less risk.

Personal understanding is very important in whatever business anyone does because it allows you maximise your profit. Even if you don't understand other areas of bitcoin, you have to understand the roles played by the following features of bitcoin; Bitcoin Volatility and bitcoin having a limited supply.

This two terms when understood would make you always think long-term. No matter how the market behaves, there are still rooms for new ATH because each market correction opens the way to upward movement of bitcoin. This would let you avoid panic sale which is very detrimental to bitcoin investment. Don't focus on the chart, instead think about how to increase your DCA investment not beyond what you can handle.

[Gallar]

Personal understanding is very important in whatever business anyone does because it allows you maximise your profit. Even if you don't understand other areas of bitcoin, you have to understand the roles played by the following features of bitcoin; Bitcoin Volatility and bitcoin having a limited supply.

This two terms when understood would make you always think long-term. No matter how the market behaves, there are still rooms for new ATH because each market correction opens the way to upward movement of bitcoin. This would let you avoid panic sale which is very detrimental to bitcoin investment. Don't focus on the chart, instead think about how to increase your DCA investment not beyond what you can handle.

Understanding this is very important for us so that our mentality and mindset are more mature and will not waver when doing DCA in bitcoin. Because it is undeniable that some bitcoin investors who panic sell bitcoins are caused by fear caused by ignorance. Because if we do not know about the basic understanding of bitcoin, such as the amount of supply and when bitcoin will run out in the mine, surely such investors will be a little paranoid when the price of bitcoin experiences a correction. But if a bitcoin investor already knows about it, I think they will be fine in doing DCA and hodl their bitcoins. That is why if we have started doing DCA in bitcoin, if we have free time, we should at least take the time to read about bitcoin, because it will help us become stronger in doing long-term hodl in bitcoin. And for beginners who want to start investing in bitcoin, my advice is to start first and after that while walking, you can learn little by little about a deeper understanding of bitcoin.

[Alpha Marine]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

I still cannot understand why a dip from 90k to 75k will make people panic and start doubting bitcoin. This is a currency that has gone from 69k to 19k before, yet every small dip still scares people. I understand if newbies get scared and people who don't know shit about bitcoin but I don't expect that from people who have been in bitcoin for a while because if you've been in bitcoin for a while even if you've not experienced a full cycle, you must have resrched and read about it and see hoe the price fuctuates.

Bitcoin can fall to 50k today, and I won't be scared. I will be worried, of course, not because the price won't rise again, but because it will take more time to get back to its previous ATH, but what is almost certain to me is that it will get back up. That is why I always hope that whenever Bitcoin dips really hard, it should be a time when I have a lot of money to but a lot of the dip;.

[Franctoshi]

[/b]20#msg65358020 date=1746685744]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

I still cannot understand why a dip from 90k to 75k will make people panic and start doubting bitcoin This is a currency that has gone from 69k to 9k before, yet every small dip still scares people. I understand if newbies get scared and people who don't know shit about bitcoin but I don't expect that from people who have been in bitcoin for a while because if you've been in bitcoin for a while even if you've not experienced a full cycle, you must have resrched and read about it and see hoe the price fuctuates.

There has been no such historical data that records where Bitcoin price has dropped from $69k—$9k before, rather what we've had the price dropped as at 2021 is around $15k, and that was actually during a bear market that catalyzed such a deep in the price of the asset and coupled with the Luna and FTX collapses, the event that saw the price drop from that previous ATH of 69k way down to $15k+ price. But in a normal Bull market like this, what we used to have is a price correction of about 20–30 percent price in corrections.

[sotelorene]

Personal understanding is very important in whatever business anyone does because it allows you maximise your profit. Even if you don't understand other areas of bitcoin, you have to understand the roles played by the following features of bitcoin; Bitcoin Volatility and bitcoin having a limited supply.

This two terms when understood would make you always think long-term. No matter how the market behaves, there are still rooms for new ATH because each market correction opens the way to upward movement of bitcoin. This would let you avoid panic sale which is very detrimental to bitcoin investment. Don't focus on the chart, instead think about how to increase your DCA investment not beyond what you can handle.

Understanding this is very important for us so that our mentality and mindset are more mature and will not waver when doing DCA in bitcoin. Because it is undeniable that some bitcoin investors who panic sell bitcoins are caused by fear caused by ignorance. Because if we do not know about the basic understanding of bitcoin, such as the amount of supply and when bitcoin will run out in the mine, surely such investors will be a little paranoid when the price of bitcoin experiences a correction. But if a bitcoin investor already knows about it, I think they will be fine in doing DCA and hodl their bitcoins. That is why if we have started doing DCA in bitcoin, if we have free time, we should at least take the time to read about bitcoin, because it will help us become stronger in doing long-term hodl in bitcoin. And for beginners who want to start investing in bitcoin, my advice is to start first and after that while walking, you can learn little by little about a deeper understanding of bitcoin.

We all (investors) know that the best way to go about Bitcoin is accumulating and holding it for a long period of time and so anyone who panic and sell maybe due to Bitcoin downtrend is not an investor and can never be seen or classified as one because he or she has ulterior motive even before he or she started investing in Bitcoin. Moreover, these people with ulterior motive are the people that always hope and pray for the market to skyrocket so that they can take profit but guess what, when the market start to Dip they become crazy, remember a real investor can not be crazy or run up and down because of market downtrend because they know what they signed up for and they also know the downtrend is just temporary.

[arwin100]

Personal understanding is very important in whatever business anyone does because it allows you maximise your profit. Even if you don't understand other areas of bitcoin, you have to understand the roles played by the following features of bitcoin; Bitcoin Volatility and bitcoin having a limited supply.

This two terms when understood would make you always think long-term. No matter how the market behaves, there are still rooms for new ATH because each market correction opens the way to upward movement of bitcoin. This would let you avoid panic sale which is very detrimental to bitcoin investment. Don't focus on the chart, instead think about how to increase your DCA investment not beyond what you can handle.

Understanding this is very important for us so that our mentality and mindset are more mature and will not waver when doing DCA in bitcoin. Because it is undeniable that some bitcoin investors who panic sell bitcoins are caused by fear caused by ignorance. Because if we do not know about the basic understanding of bitcoin, such as the amount of supply and when bitcoin will run out in the mine, surely such investors will be a little paranoid when the price of bitcoin experiences a correction. But if a bitcoin investor already knows about it, I think they will be fine in doing DCA and hodl their bitcoins. That is why if we have started doing DCA in bitcoin, if we have free time, we should at least take the time to read about bitcoin, because it will help us become stronger in doing long-term hodl in bitcoin. And for beginners who want to start investing in bitcoin, my advice is to start first and after that while walking, you can learn little by little about a deeper understanding of bitcoin.

We all (investors) know that the best way to go about Bitcoin is accumulating and holding it for a long period of time and so anyone who panic and sell maybe due to Bitcoin downtrend is not an investor and can never be seen or classified as one because he or she has ulterior motive even before he or she started investing in Bitcoin. Moreover, these people with ulterior motive are the people that always hope and pray for the market to skyrocket so that they can take profit but guess what, when the market start to Dip they become crazy, remember a real investor can not be crazy or run up and down because of market downtrend because they know what they signed up for and they also know the downtrend is just temporary.

The only difference is the funding's we have, strategy we use and level of patience. If they are the type of person who easily got panic on down trends happening which is common in the scene then I guess they have lack of experience and belief that's why they act like a shit then turn into a loser when they sell their Bitcoins.

That's why to avoid that unnecessary panic, they should acquire more knowledge about Bitcoin also its  price history while they are in the process of accumulating so that they have something to look at and not to fear about if there's bearish trend will happen. Since for sure that those incident happened from the past would give them confidence to continue especially that Bitcoin price goes from zero or few bucks to current 6 digits figure now which totally amazing achievement to look forward. Then also for sure more to come because we know we are not at the peak yet.

[Donneski]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

Reading your your personal experience on the Bitcoin price movement in recent time, I totally understand where you’re coming from. It's great to see the price bounce back, but I think it's worth investigating into why this really happened. Bitcoin’s recovery wasn’t just proof of faith like you meant to say in your submission rather it was driven by things like renewed institutional interest (ETF inflows), shifts in macro liquidity, and tightening supply of Bitcoin in the crypto market. Long-term holding makes sense, but it’s also key to understand that volatility is built into Bitcoin’s design. Instead of reacting emotionally, I think it's better to analyze and study these dips whenever they happen. Rather than framing it as “Bitcoin proved everyone wrong,” I think we should look beyond the short-term price movements and focus more on the underlying factors that drives Bitcoin price over time.

[Dunamisx]

If you invest in Bitcoin as suggested by other people then you will face various problems, so you try to know about Bitcoin by yourself, you see the history of Bitcoin. Don't panic about listening to other people.

I have learnt one thing from someone that said, when you're new to something, then try to know how that thing is being done before going into it, so that abuse will be evitable and you will not fall a victim as against the normal way it was been done.

This same applies to bitcoin, before we can start on anything, we should seek for dt about it information and know how it is being done, don't just invest like that, instead try to maintain a healthy beginning by seeking for its knowledge to make you have a perfect smooth ground, bitcoin investment is not hard, only that some are short sighted in knowing about how they can grab on the opportunities as they invest,

[Alpha Marine]

[/b]20#msg65358020 date=1746685744]
I still cannot understand why a dip from 90k to 75k will make people panic and start doubting bitcoin This is a currency that has gone from 69k to 9k before, yet every small dip still scares people. I understand if newbies get scared and people who don't know shit about bitcoin but I don't expect that from people who have been in bitcoin for a while because if you've been in bitcoin for a while even if you've not experienced a full cycle, you must have resrched and read about it and see hoe the price fuctuates.

There has been no such historical data that records where Bitcoin price has dropped from $69k—$9k before

That was an obvious mistake. I meant to say 19k.

[boyptc]

[edited out]

With most of the friends that I have talked to, this is the kind of narrative and explanation that they always throw at me. They have to wait for bitcoin to double its price so that they can also have double their money.

Of course, if you double your money based on price appreciation, then if you take out 50%, then you have taken out the totality of your whole investment, and so whatever is remaining in bitcoin is "house money," yet I am not sure if that is a good way to invest, especially in bitcoin.  

There have been so many folks who have gone through several doublings, so then those doublings add up to quite exponential growths.

I think this is what the common people does. They're still trying to hold some but sadly we cannot stop them from selling because they've waited for this moment.

I outlined the power of compounding in one of my earlier posts, and so surely we can find that continuing to allow doublings and even 9 doublings would end up in 256x in profits.. so it becomes quite a great value to be able to have enough patience to experience several doublings.

The power of compounding.
There surely is a certain power to compounding.  Let's imagine a hypothetical purchase of 20 BTC starting out with $5k invested in 2015... **(so that is about an average of $250 per BTC). It would just take a few of the compounding events to really start to feel the power of the compounding..   Even if you were to start to cash out 20% of your BTC stash after 10 or 11 compounding events, you would not deplete your BTC by cashing out in such a manner.

**this example was inspired by my earlier post on the topic.
1) $250 to $500     = $10k  (early 2015 to mid-2016)
2) $500 to $1,000     = $20k (mid-2016 to late 2016)
3) $1,000 to $2,000     = $40k  (late 2016 to mid-2017)
4) $2,000 to $4,000     = $80k  (mid -2017 to early 2020)
5) $4,000 to $8,000     = $160k (late-2017 to late 2020)
6) $8,000 to $16,000     = $320k (late 2017 to late 2022)
7) $16,000 to $32,000     = $640k (late 2017 to late 2024?)
8 ) $32,000 to $64,000     = $1.28 million (early 2021 to ?)
9) $64,000 to $128,000     = $2.56 million  (Early 2021 to ?)
10) $128,000 to $256,000     = $5.12 million (?)
11) $256,000 to $512,000     = $10.24 million   (?) (20 BTC) (otherwise if spending 20% reduced to about $8.192 million with a remaining stash of 16 BTC)
12) $512,000 to $1.24 million     = $20.48 million (?) (20 BTC) (otherwise if spending 20% reduced to about $15.872 million with a remaining stash of 12.8 BTC)
13) $1.24 million to $2.48 million     = $40.96 million  (?) (20 BTC) (otherwise if spending 20% reduced to about $25.3952 million with a remaining stash of 10.24 BTC)

So think about it, if the BTC price gets to $500k, then this hypothetical holder starts cashing out 20% of his stash each time the BTC price doubles, he still is allowing the stash to grown more than the amount that he is cashing out.    You can work out the raking numbers with a spreadsheet that I developed and discussed in another thread which fillippone has also linked a google spreadsheet to it so that you can plug in your own numbers to see how the compounding and raking works out with various numbers plugged therein.

Here is an excerpt / example of a similar but later posted description of compounding (For clarity, I edited the below post)

So, let's look at the historical numbers and the timeline from 2015 to present again.
0)   $250  (2015)                                    1X
1)    $500  (2015-2016)                           2X
2)    $1,000    (2016-2017)        2X * 2 = 4X
3)    $2,000  (2017)                  4X * 2 = 8X
4)    $4,000  (2017-2020)          8X * 2 = 16X
5)    $8,000   (2017-2020)        16X * 2 = 32X
6)    $16,000  (2017-2022)       32X * 2 = 64X
7)    $32,000  (2021-2023?)      64X * 2 = 128X
8 )    $64,000  (2021-?)             128X * 2 = 256X
9)    $128,000  (?)                    256X * 2 = 512X

You can likely see that if you are shaving off profits at the earlier stages, then you are going to eat into the compounding (and/or exponential) component in regards to how your value would have had grown through that period of time.

So in this particular factual example the guys who bought in 2015 and had a base of $250 per BTC and who did not sell any of their BTC, they would have had experienced 8 doublings that would have brought their holdings up to 256x for a short period of time during the period that BTC was priced at more than $64k, and so then their amount of value would have come back down to 6 doublings when the BTC price dropped back down to around $16k (which would have been around 64x) and then now they are currently in the supra 7 doublings that would have been 128x when the BTC prices were at $32k, and they will be back to 256x once (or if) the BTC price gets back to supra $64k, and then if the BTC  price goes above $128k, then they will get into the supra 512x territory..

This is a good visual for those that don't see why we're so optimistic about the future of Bitcoin. The early adopters of course have the advantage but it's never too late and we'd see more exponential growth for Bitcoin in the next years.

I've said they're right but I get it when they're trying to win an argument over this thing because they're up for the altcoins.

Yep.. some guys are distracted into trading and others are distracted into shitcoins. I cannot proclaim to know, even though I tend to suggest to limit trading and shitcoining to less than 10% of the value of your bitcoin holdings (without cheating), and you are likely to outperform shitcoiners and/or traders, especially after a couple of cycles of investing into bitcoin.

They never listen.

I've personally have done that before and it just cost me losses and that's why if they want to try it, they can go ahead and take their losses. But if they listen, they've just saved their money and even profited more because they did lesser effort and have learned from others experience and lessons. And, they've accumulated more Bitcoins.

I've explained to them that it's real with altcoins but they're more volatile than Bitcoin and they might not see that altcoin they are so optimistic with in the next bull run.

Personally, I've told them that investing in Bitcoin requires patience and treat it as their savings. Instead of saving in the bank and making the bank win, they should be the bank themselves and take that win. The limited of supply of Bitcoin wasn't hard to explain to them but I hope that they have realized that or even the newbies nowadays.

I agree that Bitcoin is a long term investment despite that I have saved some, I am continuing it and putting money where my mouth is trying to prove it because it works.

It takes a long time to build wealth, and so hopefully for your own good, you can stay focused... and hopefully you can persuade some of your friends to stay focused, yet you cannot really change people in terms of their inclinations, so many times I just suggest to try to lead by example, and maybe some of them might become persuaded to go down an investor and bitcoiner route rather than trading and/or getting into shitcoins, yet if they are at least able to limit their exposure to trading and/or shitcoins to less than 10% the size of their bitcoin investment then at least they can at least limit their damage in the event that they cannot resist the temptation to shitcoin and/or to trade.

I think it's effective and you're right by making ourselves as an example. I've already told them, they can invest in altcoins that they want but please never settle for less and never ignore Bitcoin.

Whenever they ask me, I've always told them that Bitcoin is the biggest percentage of my portfolio and it's not just half, it's more than that and even close to the entirety of my port.

I don't even have to show what I've got but them looking at the market updates and prices, that's surely encouraging them.

PS: I've got your threads link saved on me, your investment ideas. The two threads. Using it as references.

[Barikui1]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

Reading your your personal experience on the Bitcoin price movement in recent time, I totally understand where you’re coming from. It's great to see the price bounce back, but I think it's worth investigating into why this really happened. Bitcoin’s recovery wasn’t just proof of faith like you meant to say in your submission rather it was driven by things like renewed institutional interest (ETF inflows), shifts in macro liquidity, and tightening supply of Bitcoin in the crypto market. Long-term holding makes sense, but it’s also key to understand that volatility is built into Bitcoin’s design. Instead of reacting emotionally, I think it's better to analyze and study these dips whenever they happen. Rather than framing it as “Bitcoin proved everyone wrong,” I think we should look beyond the short-term price movements and focus more on the underlying factors that drives Bitcoin price over time.

Is that necessary? No in my own opinion, am talking about the bold words in your statement.
It's not necessary to analyze the dip or whatsoever, just buy once your discretionary income is ready, no time to waste, if in the process of accumulating either weekly or monthly and their is a dip in the market, that's the best time to buy aggressively, only if you have the financial leverage to do so, but if you don't have a backup fund to do that, just focus on your buying weekly or monthly, because the key aspect of accumulating Bitcoin is the ability to finance your daily expenses easily, anything that makes you struggle to finance your daily expenses, it's become a threat to your holdings, that's why you should only buy aggressively during the dip if you have the financial leverage to do so, but if you don't have just move on with what you are doing weekly or monthly, their is no cause for alarm.

[POPOLUV]

Mind you Is the more you invest in bitcoin and not (the more bitcoin you invest) and of course the amount of bitcoin which an investor acquire will determine how much profit he will get in the future, you can't acquire a little portion of bitcoin and be expecting your potential return to be massive No" it never works like that.

Before this works. But this time, we can do the math.
So if someone buys at $94k per Bitcoin and expects to double it, then that investor needs to wait for it to become $188k for his investment to double.

Is it bad? no. That's better than the other assets that we know and even in the stock market. For just a few years, it might double from now on or if this bull run gets to another peak before this year ends, then that's better.
Still, BTC is the best performing asset that we've ever seen in our lifetime.

I am not sure what the purpose would be for any newbie to be concerned about whether his bitcoin is going to double in the short term or not, especially since bitcoin should be considered as a long term investment, and anyone getting started buying bitcoin in the $97k prices is going to likely take a long time to build his bitcoin investment - perhaps 4-10 years or longer - unless you are suggesting that newbies are going to be ready willing and/or able to front load invest into bitcoin and then discontinue investing.

There can be quite a bit of advantage for newbies if the BTC price could stay down while they are establishing their bitcoin position, and surely there are not too many investors who are ready, willing and/or able to front load their investment into bitcoin - yet surely if you have some kind of an example of that, then maybe you should provide your example.

And also, you, on a personal level, boyptc, you have been registered on the forum for more than 9 years, so it could be the case that you have largely already established your bitcoin position, and you are no longer regularly, persistently, consistently, ongoingly and perhaps even aggressively accumulating bitcoin.

So , surely if some guys have already been able to establish a decent bitcoin position over a cycle or two, then they might not need to worry, yet anyone who is a newbie to bitcoin and perhaps even within his first whole bitcoin cycle, he is going to have to focus mostly on accumulating bitcoin through buying.. and what other choice does he have?  Do think that he should wait for price dips that might not come? Or should he start (or continue) buying bitcoin at whatever price while he is still building up his bitcoin holdings. 

What do you think the low coiner or no coiner should do?

It is not advisable for a low coiner or no coiner should continue wait for the price of dips that might not come, and not continue hoping, yet low coiner will be having double thought of the dip to come and which the dip might not come.

So what a low coiner or no coiner should start buying Bitcoin now, no matter how little you can afford to buy Bitcoin never dispite your little beginnings because in life is not everyone that might start Bitcoin investments in bigger way,  a low coiner continue buying aggressively as his discretionary income can carry. And secondly low coiner will be patient enough to wait up to 4-10years and his  focus should be on accumulating Bitcoin and building up his bitcoin holdings. 

[ejikeme24]

Whenever they ask me, I've always told them that Bitcoin is the biggest percentage of my portfolio and it's not just half, it's more than that and even close to the entirety of my port.

I don't even have to show what I've got but them looking at the market updates and prices, that's surely encouraging them.

Sure, is good to stack enough bitcoin in our portfolio before looking out to any other crypto currency, Since it has proven to be the best and more reliable than any other crypto currencies in the market. However, I don't think I can engage myself in any other crypto investment apart from bitcoin investment, this is a personal decision. Because I have never heard stories about how people are losing from bitcoin investment except the story of those investors who are not patient enough to HODL thier bitcoin in the long run and they choose to invest for short term profit, I'm pretty sure they're aware that  bitcoin investment is not a short term investment yet they still choose to invest for short term profit, which is why they end up selling their bitcoin at lost. Aside from this I think all the stories that I have been hearing about bitcoin are all good, which is why I have decided to Stick to bitcoin investment because that's the only risk that i can afford to take for now.

[terrific]

Those who have literally did the title, you we're all legends.  
And, that was epic.  

Again I say, $87k.$97k
Congratulations folks.

Congratulations, we've hit $107,500 today.
Soon, we'll be having the M instead of the K. Let's go to $1M per BTC.  
Keep HODLING legends.  

Just bumping these old prices here before, and congratulations for going back to $101k.

[Stormisover]

A few days ago, there was or was a big fall in the Bitcoin market. At that time, many people told me many things and I have heard many people on this forum say that maybe the price of Bitcoin will not increase anymore. At that time, I had no words to say. But today I want to say that the market price of Bitcoin is above 96 thousand dollars. Bitcoin has proven itself again that I am the best of all. Those who said that the Bitcoin market will never recover, were proven wrong again. Those who panicked and sold their holdings during this fall are regretting it today. The risk is very high in the short term but the risk is much lower in the long term investment. If you look at this fall, you will understand why this is said. This fall will be a great example for new investors why it is necessary to invest for the long term.

Reading your your personal experience on the Bitcoin price movement in recent time, I totally understand where you’re coming from. It's great to see the price bounce back, but I think it's worth investigating into why this really happened. Bitcoin’s recovery wasn’t just proof of faith like you meant to say in your submission rather it was driven by things like renewed institutional interest (ETF inflows), shifts in macro liquidity, and tightening supply of Bitcoin in the crypto market. Long-term holding makes sense, but it’s also key to understand that volatility is built into Bitcoin’s design. Instead of reacting emotionally, I think it's better to analyze and study these dips whenever they happen. Rather than framing it as “Bitcoin proved everyone wrong,” I think we should look beyond the short-term price movements and focus more on the underlying factors that drives Bitcoin price over time.

Is that necessary? No in my own opinion, am talking about the bold words in your statement.
It's not necessary to analyze the dip or whatsoever, just buy once your discretionary income is ready, no time to waste, if in the process of accumulating either weekly or monthly and their is a dip in the market, that's the best time to buy aggressively, only if you have the financial leverage to do so, but if you don't have a backup fund to do that, just focus on your buying weekly or monthly, because the key aspect of accumulating Bitcoin is the ability to finance your daily expenses easily, anything that makes you struggle to finance your daily expenses, it's become a threat to your holdings, that's why you should only buy aggressively during the dip if you have the financial leverage to do so, but if you don't have just move on with what you are doing weekly or monthly, their is no cause for alarm.

In my opinion I don't really think it is going to be a good practice for anyone to consider their level of aggressiveness as a result of market condition, our level of aggressiveness should be centered or based on our income that is available for investment at any given time because if we consider aggressive in terms of the market condition like the dip a lot of forks will definitely buy more than their budget and start struggling to meet up other Important expenses. Whether dip or no dip forks should be aggressive with their investment without over doing it.