Buy the DIP, and HODL!

[Gost ms]

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.  

Your comment is very vague. It is never right for a new investor to be aggressive in a new situation. It is not right to be aggressive until they have established an emergency fund and a reserve fund. The first goal of a new investor is to buy consistently and build an emergency fund. After that, you can buy aggressively based on your income.

Investing is long-term. Until you accumulate or save a sufficient amount of Bitcoin in your portfolio, you have to continue buying continuously. If you buy for 4 to 10 years, then even if you cannot accumulate a sufficient amount of Bitcoin, you have to continue buying. In many cases, someone who has invested for 4 to 5 years can be called a new investor.

[Felicity_Tide]

This is a one day chart interval that represents what has happened since Bitcoin hit $100K and even broke past it in January. It may look like a normal chart, but there are lessons to be learned.

1. The power of continuous accumulation (DCA) should not be underestimated. Just imagine if an investor had continued purchasing at every single interval (daily), even down to $74K.

2. Those with short term plans may not understand how effective a long term strategy can be.

3. Panic sellers are vulnerable to lose some of their investments, especially when they believe the price won't go past their purchase level.

4. Those waiting to buy the dip should better wake up.

5. This is just happening in a space of 32days, which imo, long term investors won't be satisfied. Just imagine what then would happen after a 4 years cycle of hodling.

Cheers to $100K, and let's enjoy the moment.
Keep Hodling, and never stop buying.

[Jostern]

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.  

Your comment is very vague. It is never right for a new investor to be aggressive in a new situation. It is not right to be aggressive until they have established an emergency fund and a reserve fund. The first goal of a new investor is to buy consistently and build an emergency fund. After that, you can buy aggressively based on your income.

Investing is long-term. Until you accumulate or save a sufficient amount of Bitcoin in your portfolio, you have to continue buying continuously. If you buy for 4 to 10 years, then even if you cannot accumulate a sufficient amount of Bitcoin, you have to continue buying. In many cases, someone who has invested for 4 to 5 years can be called a new investor.

I don’t think it’s a bad idea for a new investor to accumulate aggressively considering that the investor isn’t over doing it to the point that it affects his or her portfolio or affects you from taking care of your expenses, we all know that building and accumulating aggressively is not a bad scenario, it is good that as a new investor that building your portfolio and stashing up Bitcoin consistently should be our priority, but if we also have a discretionary fund we can as well be buying aggressive and be building our emergency funds and reserved funds.

Buying aggressively is a good strategy considering that we have a good financial plan, it’ is also important that we should use the DCA while investing in Bitcoin and trying to accumulate aggressively consistent buying is also important to build our portfolio.

[SOKO-DEKE]

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.

Yes, that is the fact: we don't need to listen to and follow some set of people's advice, especially those influencers on social media claiming to be good investors and always predicting Bitcoin trends. In the current state of the Bitcoin market, it's clear that many of these influencers are just trying to divert the attention of Bitcoin investors encouraging them not to invest in Bitcoin but to focus on altcoins they're being paid to advertise.

However, at this time, it's also good to listen to some people, especially those you believe are real Bitcoin investors—particularly here on the Bitcointalk forum. Listening to people here can really be a great help for newcomers. Following the advice of certain people, especially when it comes to investing in Bitcoin, can make a big difference. For example, in this thread, JayJuanGee has been a great help to us in terms of investing in Bitcoin. There are many strategies for investing in Bitcoin, but if you don't listen to the right people, you may miss out on the strategies that could make your Bitcoin investment easier.

[ginsan]

I don’t think it’s a bad idea for a new investor to accumulate aggressively considering that the investor isn’t over doing it to the point that it affects his or her portfolio or affects you from taking care of your expenses, we all know that building and accumulating aggressively is not a bad scenario, it is good that as a new investor that building your portfolio and stashing up Bitcoin consistently should be our priority, but if we also have a discretionary fund we can as well be buying aggressive and be building our emergency funds and reserved funds.

Buying aggressively is a good strategy considering that we have a good financial plan, it’ is also important that we should use the DCA while investing in Bitcoin and trying to accumulate aggressively consistent buying is also important to build our portfolio.

Aggressive purchases, all at once and following up every week is the best way to accumulate bitcoins. Aggressive investors of course know what they have done because the aggressive purchase framework usually wants to accelerate the target achievement that they have planned.

Every time he maintains his finances well, he will find it easy to reach each stage with smooth accumulation. Every investor knows that Bitcoin will be better to continue to buy because Bitcoin is very limited, there are only 21 million coins. Limited supply will make the price surge continue to increase when one day everyone wants to have bitcoin in their portfolio.

I imagine that Investor A and Investor B, who have different concepts in accumulating Bitcoin, of course it will not be a problem because their main goal is to accumulate bitcoins. For me who has had ups and downs in building a bitcoin portfolio, I have learned about what I have to face and how to keep accumulating bitcoins and continue to increase my confidence to keep holding for a long time.

[Justbillywitt]

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.

An investor can buy aggressively at any market conditions, I don't think it's ideal to only be aggressive when there is dip. It all depends on what the investor wants to achieve with his portfolio. Since long term investors buy at all market conditions, an investor can decide to buy aggressively when he has resources readily available irrespective of market sentiment.

I think it's better to analyze and study these dips whenever they happen. Rather than framing it as “Bitcoin proved everyone wrong,”

What benefits will studying and analysing the dip do for you as an investor? For me it's a total waste of time and energy. We all knew that there will always be dips as an investor so there is no point trying to analyse or study whatever might be the cause of the dip. Such studies and analysis is not really necessary the way I see it.

[Merit.s]

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.

An investor can buy aggressively at any market conditions, I don't think it's ideal to only be aggressive when there is dip. It all depends on what the investor wants to achieve with his portfolio. Since long term investors buy at all market conditions, an investor can decide to buy aggressively when he has resources readily available irrespective of market sentiment.

Of course, aggressive buying can be praticed at any time as long as you have the funds to do so. If you slow down the pace of your aggressiveness when you can do it because it is not yet in the dip, what if you keep the money and before the dip comes you have used it for something else because the dip comes at a time unknown to anyone. I am not talking about reserve funds here because I know thag those long-term investors who want to put everything in place as they keep their bitcoin investment accumulation ongoing, they will definitely create a reserve funds which they can use to buy at the dip but not necessarily aggressively.

I might have an opportunity to cut down my expenses because I want to buy bitcoin aggressively and move down to a low cost environment where cost of living isn't expensive based on some good reasons best known to me and I decide to use the excessive money for paying the mortgage and other expenses to invest in bitcoin and I will still libe a normal life. I wouldn't start piling up the funds to wait when bitcoin dips before I can buy aggressively. Rather, I will start buying aggressively after I move to the new apartment. Only buying bitcoin aggressively during the dip wouldn't help you increase your bitcoin faster compared to when you buy aggressively at any price level.

I think it's better to analyze and study these dips whenever they happen. Rather than framing it as “Bitcoin proved everyone wrong,”

What benefits will studying and analysing the dip do for you as an investor? For me it's a total waste of time and energy. We all knew that there will always be dips as an investor so there is no point trying to analyse or study whatever might be the cause of the dip. Such studies and analysis is not really necessary the way I see it.

Keeping records is good.

[Rockstarguy]

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.

The price of Bitcoin can't be predicted, and if you speculate on the Bitcoin price and think that is what it will be, you will definitely make wrong decisions in your investment. For sure, people will always speculate on the price of Bitcoin, but it is moving in a way that nobody can ever predict what it will be like.

People are always out there speculating on the price of Bitcoin, and if you pay attention to what they say concerning the price of Bitcoin, you may lose track. Once you make up your mind to invest in Bitcoin, take a good decision to hodl without being distracted by the price of Bitcoin because this has always been a challenge for young investors, who find it difficult to resist the fear of volatility. After they sell their Bitcoins, they often realize they made a mistake by selling when they were not supposed to sell. Young investors need to be eager to hodl Bitcoin and even accumulate more, and never allow the price of Bitcoin to make them panic, which will lead to selling at a loss. The volatility of the market shouldn't decide when to sell; rather, let the profit one has been able to achieve in Bitcoin investment determine when to sell.

[ejikeme24]

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.

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.

Just like as I said in my previous post that aggressiveness is not only apply during the dip, this is something we should do without regarding the market value so far as one have enough discretionary income. And yes" I think the level of aggressiveness can be based on income that's for most guys. Because most guys may not be earning a decent amount in their job, for this reason is going to be a little bit hard for them to load thier discretionary income, and of which is not advised for an investor to Engage him/ herself into buying aggressively when his discretionary income is not in the right shape. Because this can easily make one discretionary income to run dry within a short period, at this point an investor will start struggling to build back his discretionary income, and this is going to delay your investment journey. For me I think is advisable for someone who does not have enough discretionary income not to engage himself into aggressive buying of bitcoin, is not a must that every investor will be aggressive. which ever way you know is easier for you so far as you are sure of achieving your goal of course that's the most important thing, is just a matter of time and patient.

[boyptc]

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.

You're good and better than the rest who have their portfolios got a bunch of crypto they think will up them in due time. They're adding more risk to them.

While you and many of us that have the biggest part on Bitcoin, we don't have to think of anything at all but just by holding it.

It's true that there are no people losing investment over holding Bitcoin but only those who have sold too early at losses and they have to cut it.

[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 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.

You may well be correct that normal people have a tendency to follow simple and straight-forward formulas that might not work to their advantage, including that in bitcoin we have a decently robust history of quite dramatic price performarce both to the upside and to the downside, which should spring curiosity in terms of trying to figure out why bitcoin had been engaged in that kind of price performance and/or if there might be some plausible explanation for the ways that bitcoin has historically performed in order to attempt to inform us about the nature of the asset.  

Bitcoin's overall price performance and even explanations for what it is should justify investing into it and holding it, even if the justification might be to ONLY invest a small amount due to its historical volatility that has no real signs of going away.

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.
[edited out]

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.

Of course, past performance does not guarantee future results, yet the evidence seems to continue to support that bitcoin is in its relatively early times and is likely to continue to be volatile into the future.. perhaps with less of an upward slope, yet there is no evidence to support that bitcoin prices have topped out.

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 personally think that guys who are more worried should invest smaller amounts into bitcoin so that it is less likely that they become emotional about their investment, yet it still is difficult to guide guys in their level of aggressiveness and to figure out how they should balance their personal circumstances amounting to their finances and their psychology.  Surely if they spend some times honing their own balances within their 9 factors then that might help, but it takes some work to figure out balances.

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.

Surely guys are going to have inclinations to want to do what they want and to forge their own path, and sometimes some of the guys will listen, even while they might choose their own path that might have way more allocation to shitcoins than  prefered, but there is ONLY so much that we can do.  

I had someone who I had been talking with about bitcoin and trying to make sure that he avoided shitcoins for several years, but just once or twice a year and maybe even some years that I might not have had seen him, yet last year I saw him several times during the second half of the year and into 2025, and at some point earlier at the end of 2024, he told me that he had sold a decent portion of his Ethereum and bought bitcoin with it, and so that position lasted several months, and then somewhere in March or April, he told me that he bought back Ethereum.  I did not ask him if he bought back the whole Ethereum position, but I found it quite frustrating because he really was not listening to me, and he just traded, and there is ONLY so much that we can do, even though I had spent quite a bit of time with him, he has troubles resisting gambling and/or thinking that there might be some value in Ethereum .. or that at some point it is going to pump... which sure it might, but it is still a pretty dumb place to be putting time, energy and value.. at least from my perspective of the matter..

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

Great.  Let me know if you have any questions, comments or concerns.. ... sometimes I feel that i need to update portions of those threads, but at the same time, the threads communicate many of my perspective regarding how to attack investing into bitcoin and concerning that many of us may well have to get through our BTC accumulation stages before some of the sub-topics in those threads would become more relevant, and surely some of the sub-themes are not without possible controversy.

[edited out]

Yes, that is the fact: we don't need to listen to and follow some set of people's advice, especially those influencers on social media claiming to be good investors and always predicting Bitcoin trends. In the current state of the Bitcoin market, it's clear that many of these influencers are just trying to divert the attention of Bitcoin investors encouraging them not to invest in Bitcoin but to focus on altcoins they're being paid to advertise.

However, at this time, it's also good to listen to some people, especially those you believe are real Bitcoin investors—particularly here on the Bitcointalk forum. Listening to people here can really be a great help for newcomers. Following the advice of certain people, especially when it comes to investing in Bitcoin, can make a big difference. For example, in this thread, JayJuanGee has been a great help to us in terms of investing in Bitcoin. There are many strategies for investing in Bitcoin, but if you don't listen to the right people, you may miss out on the strategies that could make your Bitcoin investment easier.

Of course, identifying the better practices and even the persons who you might consider to present ideas clearly, is a good thing, but trying to put the ideas into practices and attempting to interact with your own application of the good ideas will help you to be better able to identify and to differentiate between good ideas and bad ideas.  Still sometimes we can also make mistakes, and we might think some ideas and practices are good and applicable to our own situation(s), but then we might not realize that we made certain mistakes until 3-4 years later down the road...   There have been quite a few members who interact with me, and then I realize that they have quite different ideas about what they believe that I am saying, and surely when they have the ideas in their heads like that, they likely need to attempt to put the ideas into practice and to figure out if they work as they are describing them to be (and what they are saying that I said to do, which may or may not be a correct interpretation).

Also, some guys might have some particular unique circumstances in which they are almost forced to follow unorthodox practices, and maybe once they get some of their own particular circumstances sorted out, then they might be able to revert to more normal kinds of practices, and sometimes we can be aggressive investing into bitcoin within our own parameters, yet after we might have had practiced our own level of aggressiveness, we might come to realize through experience that we need to change how we are applying our aggressiveness.. and we become smarter about it becuase we applied it, even though it might have had been said, but it did not make sense until it came down to applying the circumstances.

[Gost ms]

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.

It is never right to invest in crypto currency. What you are thinking is that after you have enough Bitcoin in your portfolio, you can invest in crypto currency. But it is not right to do so. Crypto currency is very risky, so the risk of losing your money is very high. Invest in Bitcoin with the amount of money you want to invest in crypto currency. I think if you invest in Bitcoin and hold it for a long time, you can make a lot of profit. Never step into crypto currency and it is not good to advise anyone else to step into crypto currency.

[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.

It is never right to invest in crypto currency. What you are thinking is that after you have enough Bitcoin in your portfolio, you can invest in crypto currency. But it is not right to do so. Crypto currency is very risky, so the risk of losing your money is very high. Invest in Bitcoin with the amount of money you want to invest in crypto currency. I think if you invest in Bitcoin and hold it for a long time, you can make a lot of profit. Never step into crypto currency and it is not good to advise anyone else to step into crypto currency.

Seems you don't understand the word (crypto currency) now let me make it clear for you, crypto currency is a digital currency that allows people to make payments directly to each other through an online system by using both bitcoin and any coin that is available in the crypto market, you saying that (we should never step into crypto currency) that means you're indirectly telling us that we shouldn't invest in bitcoin because bitcoin is also part of the crypto currency which you're talking about here, this is why you need to be sure of what you're saying before giving any suggestions because this your advice is very confusing.

[Derekfunds]

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.

It is never right to invest in crypto currency. What you are thinking is that after you have enough Bitcoin in your portfolio, you can invest in crypto currency. But it is not right to do so. Crypto currency is very risky, so the risk of losing your money is very high. Invest in Bitcoin with the amount of money you want to invest in crypto currency. I think if you invest in Bitcoin and hold it for a long time, you can make a lot of profit. Never step into crypto currency and it is not good to advise anyone else to step into crypto currency.

Seems you don't understand the word (crypto currency) now let me make it clear for you, crypto currency is a digital currency that allows people to make payments directly to each other through an online system by using both bitcoin and any coin that is available in the crypto market, you saying that (we should never step into crypto currency) that means you're indirectly telling us that we shouldn't invest in bitcoin because bitcoin is also part of the crypto currency which you're talking about here, this is why you need to be sure of what you're saying before giving any suggestions because this your advice is very confusing.

Op, I think JJG and some others scholars here has made this clear to us several times that we should always use the word Bitcoin and not cryptocurrency because when you made mention of cryptocurrency it encompasses of all the coins ( Bitcoin, memecoin, shitcoins and altcoins) so we should be specific on what we are saying so that newbie won't misunderstood things and make a wrong decision and regret later. And the reason why we should not actually classified Bitcoin into crypto that much again is because it now stand out on its own due to it potential and so don't it twisted because information can be very powerful.

[Dunamisx]

Some don't know the difference till now and that is why they keep mixing things up, when you're talking about cryptocurrency, bitcoin and other altcoins are all included as cryptocurrencies, but when you're referring to a particular one which is more recognized than any other coin in cryptocurrency, then you mention bitcoin, while any other coin aside bitcoin are termed altcoins in cryptocurrency, it is easy to know, call bitcoin by name and don't refer to crypto when you meant to say bitcoin, because such could add other altcoins along together with it.

[Zackz5000]

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.

It is never right to invest in crypto currency. What you are thinking is that after you have enough Bitcoin in your portfolio, you can invest in crypto currency. But it is not right to do so. Crypto currency is very risky, so the risk of losing your money is very high. Invest in Bitcoin with the amount of money you want to invest in crypto currency. I think if you invest in Bitcoin and hold it for a long time, you can make a lot of profit. Never step into crypto currency and it is not good to advise anyone else to step into crypto currency.

Seems you don't understand the word (crypto currency) now let me make it clear for you, crypto currency is a digital currency that allows people to make payments directly to each other through an online system by using both bitcoin and any coin that is available in the crypto market, you saying that (we should never step into crypto currency) that means you're indirectly telling us that we shouldn't invest in bitcoin because bitcoin is also part of the crypto currency which you're talking about here, this is why you need to be sure of what you're saying before giving any suggestions because this your advice is very confusing.

This thread is basically for bitcoin discussion and not about shitcoins, cryptocurrency is just a general name so when using the term crypto currency you get people confused about the particular coin you mean. So in this case if you mean shitcoins you can just say shitcoins so people reading will get clear picture of the coin you mean if it's also bitcoin you mention bitcoin instead of contradicting the whole thing by mentioning cryptocurrency.

[IceLincoln]

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 have a problem with your statement the ones in bold letters, I beg to differ you can’t say many people in this forum, maybe you heard from your friends or maybe read a few comments of newbies here and you conclude to say it’s many people here in this forum. It’s not possible for someone who has been in this forum atleast for a year to make such statements. From all the knowledge and information circulating the forum to the historical price chart movements of bitcoin to the recent world news surrounding bitcoin, Two Us States just approved the establishment of Strategic Bitcoin Reserve and soon others more will join and some nations and companies having theirs too thereby driving more adoption and someone is saying the price might not rise anymore. Who’s that person it’s only someone who has no idea about bitcoin that might say such and if in anyway, anyone here has made such statements I believe they don’t know what they’re doing and doesn’t DESERVE TO BE HERE if they’re not here to LEARN.

Op, I think JJG and some others scholars here has made this clear to us several times that we should always use the word Bitcoin and not cryptocurrency because when you made mention of cryptocurrency it encompasses of all the coins ( Bitcoin, memecoin, shitcoins and altcoins) so we should be specific on what we are saying so that newbie won't misunderstood things and make a wrong decision and regret later. And the reason why we should not actually classified Bitcoin into crypto that much again is because it now stand out on its own due to it potential and so don't it twisted because information can be very powerful.

Derekfunds I think you’ve been here for a while and you should know what OP means, the person you are replying to is not the OP(Original Poster).

[Jostern]

Some don't know the difference till now and that is why they keep mixing things up, when you're talking about cryptocurrency, bitcoin and other altcoins are all included as cryptocurrencies, but when you're referring to a particular one which is more recognized than any other coin in cryptocurrency, then you mention bitcoin, while any other coin aside bitcoin are termed altcoins in cryptocurrency, it is easy to know, call bitcoin by name and don't refer to crypto when you meant to say bitcoin, because such could add other altcoins along together with it.

You are right to be addressing this here, most people don’t know how to categorize Cryptocurrency, we all know that Bitcoin and other altcoins are categorized as cryptocurrency, but it’s necessary to always be specific when talking about a particular cryptocurrency. When we are discussing about Bitcoin we should ensure we mentioning Bitcoin instead of cryptocurrency. And when we are also talking about altcoins we should also ensure we mention that as well, we mostly emphasize about Bitcoin here that is why it’s important we should recognize Bitcoin with some respect, when categorizing it as a cryptocurrency.

[CageMabok]

...

...

It is never right to invest in crypto currency. What you are thinking is that after you have enough Bitcoin in your portfolio, you can invest in crypto currency. But it is not right to do so. Crypto currency is very risky, so the risk of losing your money is very high. Invest in Bitcoin with the amount of money you want to invest in crypto currency. I think if you invest in Bitcoin and hold it for a long time, you can make a lot of profit. Never step into crypto currency and it is not good to advise anyone else to step into crypto currency.

You also start giving such a convoluted understanding that it can be a little difficult for beginners who want to invest in Bitcoin to understand. You don't have to use the word cryptocurrency to give people an understanding if you don't recommend other coins besides Bitcoin for long-term investment. You just need to say that only Bitcoin is good enough for long-term investment, while others can be used for a moment for short-term profit before being completely dumped back into the market. So you don't need to use the word "cryptocurrency" anymore to simplify the understanding in this one discussion.

Seems you don't understand the word (crypto currency) now let me make it clear for you, crypto currency is a digital currency that allows people to make payments directly to each other through an online system by using both bitcoin and any coin that is available in the crypto market, you saying that (we should never step into crypto currency) that means you're indirectly telling us that we shouldn't invest in bitcoin because bitcoin is also part of the crypto currency which you're talking about here, this is why you need to be sure of what you're saying before giving any suggestions because this your advice is very confusing.

I also felt a little confused by what he said so I read it over and over again to understand what he was saying, even though what he wanted to say was not to put money in coins other than Bitcoin or in other words altcoin or shitcoin. But because he used a word that is very common to understand, it will actually confuse many people when they read it even though on the one hand he also suggests choosing Bitcoin as a better investment, but because the way he conveyed it was a little off, it has actually created confusion for other people here.

[POPOLUV]

[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.

You may well be correct that normal people have a tendency to follow simple and straight-forward formulas that might not work to their advantage, including that in bitcoin we have a decently robust history of quite dramatic price performarce both to the upside and to the downside, which should spring curiosity in terms of trying to figure out why bitcoin had been engaged in that kind of price performance and/or if there might be some plausible explanation for the ways that bitcoin has historically performed in order to attempt to inform us about the nature of the asset.  

Bitcoin's overall price performance and even explanations for what it is should justify investing into it and holding it, even if the justification might be to ONLY invest a small amount due to its historical volatility that has no real signs of going away.

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.
[edited out]

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.

Of course, past performance does not guarantee future results, yet the evidence seems to continue to support that bitcoin is in its relatively early times and is likely to continue to be volatile into the future.. perhaps with less of an upward slope, yet there is no evidence to support that bitcoin prices have topped out.

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 personally think that guys who are more worried should invest smaller amounts into bitcoin so that it is less likely that they become emotional about their investment, yet it still is difficult to guide guys in their level of aggressiveness and to figure out how they should balance their personal circumstances amounting to their finances and their psychology.  Surely if they spend some times honing their own balances within their 9 factors then that might help, but it takes some work to figure out balances.

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.

Surely guys are going to have inclinations to want to do what they want and to forge their own path, and sometimes some of the guys will listen, even while they might choose their own path that might have way more allocation to shitcoins than  prefered, but there is ONLY so much that we can do.  

I had someone who I had been talking with about bitcoin and trying to make sure that he avoided shitcoins for several years, but just once or twice a year and maybe even some years that I might not have had seen him, yet last year I saw him several times during the second half of the year and into 2025, and at some point earlier at the end of 2024, he told me that he had sold a decent portion of his Ethereum and bought bitcoin with it, and so that position lasted several months, and then somewhere in March or April, he told me that he bought back Ethereum.  I did not ask him if he bought back the whole Ethereum position, but I found it quite frustrating because he really was not listening to me, and he just traded, and there is ONLY so much that we can do, even though I had spent quite a bit of time with him, he has troubles resisting gambling and/or thinking that there might be some value in Ethereum .. or that at some point it is going to pump... which sure it might, but it is still a pretty dumb place to be putting time, energy and value.. at least from my perspective of the matter..

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

Great.  Let me know if you have any questions, comments or concerns.. ... sometimes I feel that i need to update portions of those threads, but at the same time, the threads communicate many of my perspective regarding how to attack investing into bitcoin and concerning that many of us may well have to get through our BTC accumulation stages before some of the sub-topics in those threads would become more relevant, and surely some of the sub-themes are not without possible controversy.

[edited out]

Yes, that is the fact: we don't need to listen to and follow some set of people's advice, especially those influencers on social media claiming to be good investors and always predicting Bitcoin trends. In the current state of the Bitcoin market, it's clear that many of these influencers are just trying to divert the attention of Bitcoin investors encouraging them not to invest in Bitcoin but to focus on altcoins they're being paid to advertise.

However, at this time, it's also good to listen to some people, especially those you believe are real Bitcoin investors—particularly here on the Bitcointalk forum. Listening to people here can really be a great help for newcomers. Following the advice of certain people, especially when it comes to investing in Bitcoin, can make a big difference. For example, in this thread, JayJuanGee has been a great help to us in terms of investing in Bitcoin. There are many strategies for investing in Bitcoin, but if you don't listen to the right people, you may miss out on the strategies that could make your Bitcoin investment easier.

Of course, identifying the better practices and even the persons who you might consider to present ideas clearly, is a good thing, but trying to put the ideas into practices and attempting to interact with your own application of the good ideas will help you to be better able to identify and to differentiate between good ideas and bad ideas.  Still sometimes we can also make mistakes, and we might think some ideas and practices are good and applicable to our own situation(s), but then we might not realize that we made certain mistakes until 3-4 years later down the road...   There have been quite a few members who interact with me, and then I realize that they have quite different ideas about what they believe that I am saying, and surely when they have the ideas in their heads like that, they likely need to attempt to put the ideas into practice and to figure out if they work as they are describing them to be (and what they are saying that I said to do, which may or may not be a correct interpretation).

Also, some guys might have some particular unique circumstances in which they are almost forced to follow unorthodox practices, and maybe once they get some of their own particular circumstances sorted out, then they might be able to revert to more normal kinds of practices, and sometimes we can be aggressive investing into bitcoin within our own parameters, yet after we might have had practiced our own level of aggressiveness, we might come to realize through experience that we need to change how we are applying our aggressiveness.. and we become smarter about it becuase we applied it, even though it might have had been said, but it did not make sense until it came down to applying the circumstances.

I  really appreciate you for the advice and the peace of information relating to crypto currencies, if you should ask me i think that if any coiner should invest in cryptocurrency, i will eventually see such coiner as big time money spend that he doesn't know the right channel to follow that can give him enough profit, and so newbies can just embark on cryptocurrency to invest without asking a question on how it works, just because they might over had from investors discussing about cryptocurrency.

Investing in cryptocurrency is like wasting money and time that you could have used in building up your Bitcoin portfolio, i know that Bitcoin is all about having patience to be able to accumulate for longer term like 4-10years and for to able to archive all these, building up your emergency fund is very important, if possible you can have many of emergency fund as you can to help you save guiding your long term investment.