Buy the DIP, and HODL!

[MusaPk]

How many Bitcoins are enough for a person is a subjective thing. For a person like me who hails from South Asia, 5 Bitcoins will be sufficient but a person living in USA or EU has different criteria of enough Bitcoin.

Once you figure out how much you need, then it is no longer subjective.  If you say that you want an income of $20k per year right now, then that would be right around 4-5 bitcoin, like you mentioned, and if you need $80k per year of income starting now, then you need 17.166 BTC and if you have 1 or 2 more BTC, then you have enough of a cushion to feel confident that you are always withdrawing from the overaccumulated amount rather than at any point selling too much BTC too soon.

So the first thing we need to do is to figure out how much bitcoins are sufficient for us? I have done that work, 4 to 5 Bitcoins are good enough for me based on my geography where I live. Likewise everyone of us must figure out how much Bitcoins will be good enough for everyone of us.

But that's correct that once you are having enough Bitcoins then don't go for aggressive accumulation of Bitcoin because all of us are gathering Bitcoins to achieve a specific target and if you already have achieved that target then just relax. It might be a good point for you to start selling some portion of your Bitcoins to enjoy the result of their hard work .

That sounds correct.  Once you reached overaccumulation status, you no longer need to accumulate bitcoin, yet you still might have to figure out how you are going to manage your bitcoin so that you don't sell too much too soon.

That's very important stage i.e. once you have that over accumulation status or you have your specific number of Bitcoins, you have to figure out the strategy of how to maintain balance between the number of Bitcoins you hold vs the one you sell. If one can't maintain that balance  then very soon he will run out of Bitcoins he accumulated over years.

[Promocodeudo]

Yes I agree with you, now I think that many people are actually accepting the ignorance of other people. Many times we ask for help from many types of people but it turns out that they have no qualification to help. Lies always indicate a bad side. Many types of holdings are often canceled due to lies. A common person depends on an experienced person. A common person goes a long way because of an experienced person. Nowadays many types of false information are being spread.

Who do you agree with?
And what you said seems a bit off with the discussion in this discussion topic because everyone here is discussing about buying Bitcoin and storing it for the long term using various methods that can be used more comfortably. So I am a little confused with the agreement you said because I don't find anyone lying here other than just giving the best advice to remind each other to buy Bitcoin and also not to get bored in storing it for a long term duration. Please understand the discussion and if you have good advice, you can also share it here with everyone else.

This funny to me too, I wanted to even comprehend what he was trying to say on my own side but everything seems a bit confusing to me too morever he never quoted anyone so I don't even know what he is saying and who his actually referring to, I think this is more reason why as people that doesn't write here often to read through discussions being made here to know where they can fit in or come in with their own contributions, although I don't like to criticize anyone because at all time we are learning but what I dont understand is what @Sjkah is trying to say, I think it will be nice for @Sjkah to make clarify to what  he is trying to bring to our notice here, i mean no disrespect but a simple clarity which I think will help us all.

[harapan]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

[cxtreenal]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

People like you who are with Bitcoin are going through a great time. I am also a witness to this time like you. Being aware of the speed of Bitcoin in advance made it easy for me to save through affordability and equity. Waiting for your own prosperity is like cheating with time so starting with a small amount will make me a large holder at some point in the future.

[Stormisover]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

There is still possibility of them buying Bitcoin even at this rate with the DCA strategy without being financially buoyant provided that they have discretionary income at their disposal and willing to invest, the idea is that one can buy a fraction of Bitcoin and not necessarily a whole Bitcoin , there is still time for anyone to buy Bitcoin without living in much regret of the past because Bitcoin is still a growing asset and there is more to where Bitcoin is going compared to what we are seeing today.

[sotelorene]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

People like you who are with Bitcoin are going through a great time. I am also a witness to this time like you. Being aware of the speed of Bitcoin in advance made it easy for me to save through affordability and equity. Waiting for your own prosperity is like cheating with time so starting with a small amount will make me a large holder at some point in the future.

I want you to understand something from this statement I bold and that thing is that, even if you start with small or big amount it won't make you a large holder with some point in the future rather it is your consistency, patient etc that will make you a large holder in the future. Remember, how you start doesn't really matter rather how you are pushing and how you will end is what matters a lot  and whether starting with small or big amount of money you should use what you can afford to let go in other not to get stranded along the line.

[Odohu]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

Anyone who wants to invest in Bitcoin should never pay attention to the price else they will be exhibit some attitude of discouragement. Statement like yours is not also completely motivating because you know that there is never a wrong time to start investing in Bitcoin. If you know anyone who have been procrastinating about getting started, the best you can do is to encourage them to get started from where they are and give their investment a couple of years and they will catch up on what they thought they have missed. This is true because anyone who is continuously accumulating Bitcoin through the DCA method or any other method for many years without selling, he would have built a good Bitcoin portfolio to be proud of and such person will never regret not starting in 2009 when Bitcoin was created. A good number of people following this discussion started investing in Bitcoin post 2017, they did not consider that they missed buying Bitcoin below $1k but started accumulating when they get hold of the knowledge of Bitcoin and are comfortably doing well today with a good portfolio. Those who will start today will also have the same testimony in 5 to 10 years from today because there is never a wrong time to start.

[Frankolala]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

People like you who are with Bitcoin are going through a great time. I am also a witness to this time like you. Being aware of the speed of Bitcoin in advance made it easy for me to save through affordability and equity. Waiting for your own prosperity is like cheating with time so starting with a small amount will make me a large holder at some point in the future.

I want you to understand something from this statement I bold and that thing is that, even if you start with small or big amount it won't make you a large holder with some point in the future rather it is your consistency, patient etc that will make you a large holder in the future. Remember, how you start doesn't really matter rather how you are pushing and how you will end is what matters a lot  and whether starting with small or big amount of money you should use what you can afford to let go in other not to get stranded along the line.

I agree with you, some people can start with as low as $10 weekly and keep the ir bitcoin ongoing, regularly, persistently amd consistently for 4-10 years and above. While during these period of accumulation, they have built theie confidence in bitcoin and that will give them to zeal to look for means of increasing their income so that they can invest aggressively overtime with a high discretionary income . You commitment, seriousness, sacrifice, proper inflow cash management amd discipline on regular accumulation will give you a good size of portfolio. However, when you're able to increase your income, it put you in a better position to accumulate more.

[Tmoonz]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

This statement of yours only shows how little you know about Bitcoin investment opportunities, perhaps if you consider the price of Bitcoin now to be higher for those procrastinators regretting not to have invested in Bitcoin when the price was lower and that they have missed such opportunity and is not possible for them to buy now again, does that mean those just getting to know about Bitcoin now can not possibly invest in Bitcoin too because of the price? Please change your narrative and tell people that there is possibility and opportunity for them to invest in Bitcoin even with the current price using the DCA strategy of accumulating Bitcoin either weekly or monthly on different intervals with as little as they can according to their income flow and discretionary income.

[Sticky Bomb]

As long as I am healthy and my income is smooth, I will continue to buy bitcoin. I imagine that one day if Bitcoin is at a price of $500k, of course I am very happy because the price of Bitcoin has broken many doubts from those who say bad things about Bitcoin.

However, we who are in this thread, do not hesitate to continue on the right track with the investments we make, do not make the slightest mistake because you will regret it later.

I like the fact that you are not allowing your past mistakes to weigh you down or stop you from continuing to accumulate bitcoin. We make errors in life and striving to correct it takes lots of courage and strength and I commend you for that. Bitcoin accumulation is what we should not make much trading mistakes about, but continue accumulating it with a long-term holding plan of 4 to 10 years or more for surely if you can remain consistent in your new resolve and continue accumulating bitcoin throughout a full cycle for example, the size of your portfolio would be a very good motivation for you to continue for longer.

Also when you remain consistent and start getting very much better in your cash flow management and overall management of your finances, you would come to appreciate your accumulating bitcoin the more since it has helped you master your finances and behave better, so you would like to keep developing in that regard and to do so, you must continue accumulating bitcoin consistently and persistently, even to the extent of striving to increase you income in order to increase your aggressiveness in purchasing bitcoin

[Merit.s]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

You are underestimating the power of DCA which allows you to buy bitcoin always irrespective of the price of bitcoin. Price shouldn't be the barrier for you to keep your bitcoin accumulation journey ongoing regularly every week for a very long period of time. If you think that the price is expensive, do you want to wait for the dip before accumulating. That will make you a low coiner in future.

New investors should get started immediately they have their discretionary income available and forget about what price bitcoin is but focus more on buying regularly with DCA so that you can steadily be topping your portfolio to a good size in future. You can invest in bitcoin at any price level as long as you are on a long-term journey, you don't need to worry about the price of bitcoin because bitcoin is early and the price is still on the uptrend.

[Zackz5000]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

Sure they will definitely regret not buying when the price of bitcoin was below $100k because they missed the chance of buying at a lower price but it's not even late for them to get started if they have their discretionary income ready since Bitcoin is just growing in other not to further regret I believe in future that the current price now will be considered as low compared to what it will be in the future so their is opportunity to get started and start accumulating Bitcoin gradually by adopting the DCA strategy and gradually grow your Bitcoin portfolio.

[DubemIfedigbo001]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

I would start by letting you know that there's no time you come into Bitcoin that is already late. Every investor has the opportunity to start anytime to accumulate Bitcoin regardless of past errors or shortcomings.

What if the investors you thought were just procrastinating were not having discretionary income back then, and have managed to work around their finances and are not set to invest?

Surely they're welcome to start accumulating Bitcoin with consistency and dedication through DCA strategy. Over time they would still be able to accumulate a decent portfolio for themselves. Although the profit potential of now is not comparable with earlier moments, yet it's a good thing investors are becoming actionable with their involvements into Bitcoin by jumping right in and starting to accumulate it for themselves.

[Mrbluntzy]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

People like you who are with Bitcoin are going through a great time. I am also a witness to this time like you. Being aware of the speed of Bitcoin in advance made it easy for me to save through affordability and equity. Waiting for your own prosperity is like cheating with time so starting with a small amount will make me a large holder at some point in the future.

I want you to understand something from this statement I bold and that thing is that, even if you start with small or big amount it won't make you a large holder with some point in the future rather it is your consistency, patient etc that will make you a large holder in the future. Remember, how you start doesn't really matter rather how you are pushing and how you will end is what matters a lot  and whether starting with small or big amount of money you should use what you can afford to let go in other not to get stranded along the line.

To my notice, itt only when you are making reference to altcoins investment, that's when you advice the person to use or invest the money or amount that they can easily let go or lose, that's because altcoins investment usually cause people to lose their money but while investing into Bitcoin, there's every assurance that if the investor can hold their Bitcoin for a long time, they will end up in profit. Instead of advising to invest what they can lose, they should be advised to invest just the amount they can hold for a long term because Bitcoin is a long term investment.

[Salahmu]

Yes I agree with you, now I think that many people are actually accepting the ignorance of other people. Many times we ask for help from many types of people but it turns out that they have no qualification to help. Lies always indicate a bad side. Many types of holdings are often canceled due to lies. A common person depends on an experienced person. A common person goes a long way because of an experienced person. Nowadays many types of false information are being spread.

I agree that some people are going into what others are ignorant about because in Bitcoin while some are not confident about investing on it others who are not ignorant of the investment are doing it with even the plans of making it there only channel. However the part of qualifications is the side you are not saying the right thing because qualifications doesn't matter. I'm even surprised with all the things you said because non of the people here has ever considered that to be a criteria of there learning about Bitcoin. so if there is somethings you need to understand more you can just ask people here instead of depending on unnecessary things.

[ejikeme24]

Yes I agree with you, now I think that many people are actually accepting the ignorance of other people. Many times we ask for help from many types of people but it turns out that they have no qualification to help. Lies always indicate a bad side. Many types of holdings are often canceled due to lies. A common person depends on an experienced person. A common person goes a long way because of an experienced person. Nowadays many types of false information are being spread.

However the part of qualifications is the side you are not saying the right thing because qualifications doesn't matter. I'm even surprised with all the things you said because non of the people here has ever considered that to be a criteria of there learning about Bitcoin. so if there is somethings you need to understand more you can just ask people here instead of depending on unnecessary things.

I think @ sjkah  is actually talking about those set of people who claims that they have build enough knowledge about bitcoin investment but when no coiners walk up to them just to seek for assistance/ advice from them at this point they start to rigmarole, while most of them will be struggling just in other to make themselves  relevant, and you know  whatever thing that involves cracking of brain is 50/50 Because there's every possibility that things may turns out not to work as you planned, and if it works for you then you're lucky. So therefore I want to agree with @sjkah for saying that one need to have the qualifications before having the thought of getting people to start bitcoin investment, is very necessary because failure to do this can bring a negative tag in this crypto space.

[Issa56]

Sure they will definitely regret not buying when the price of bitcoin was below $100k because they missed the chance of buying at a lower price but it's not even late for them to get started if they have their discretionary income ready since Bitcoin is just growing in other not to further regret I believe in future that the current price now will be considered as low compared to what it will be in the future so their is opportunity to get started and start accumulating Bitcoin gradually by adopting the DCA strategy and gradually grow your Bitcoin portfolio.

Some people are already complaining that bitcoin price is already too high, and they can’t risk their money in bitcoin right now, some of them do say if bitcoin price will increase, they won’t really be getting much profit because the price is already high, and I will say thats the reason why most people do invest in altcoins right now, but they are completely wrong, bitcoin price is not so high yet, and everyone can still invest in bitcoin. If you are investing in bitcoin, then you are definitely going to be having peace of mind also. People won’t regret not investing in bitcoin right now, but they definitely going to be doing that later in the future, and their regret won’t be bringing back the past.

[Proty]

Sure they will definitely regret not buying when the price of bitcoin was below $100k because they missed the chance of buying at a lower price but it's not even late for them to get started if they have their discretionary income ready since Bitcoin is just growing in other not to further regret I believe in future that the current price now will be considered as low compared to what it will be in the future so their is opportunity to get started and start accumulating Bitcoin gradually by adopting the DCA strategy and gradually grow your Bitcoin portfolio.

Some people are already complaining that bitcoin price is already too high, and they can’t risk their money in bitcoin right now, some of them do say if bitcoin price will increase, they won’t really be getting much profit because the price is already high, and I will say thats the reason why most people do invest in altcoins right now, but they are completely wrong, bitcoin price is not so high yet, and everyone can still invest in bitcoin. If you are investing in bitcoin, then you are definitely going to be having peace of mind also. People won’t regret not investing in bitcoin right now, but they definitely going to be doing that later in the future, and their regret won’t be bringing back the past.

This set of people easily falls prey for pump and dump projects since they have this mindset that bitcoin price is low and they would want to start accumulating shitcoin that they believe is cheaper.According to Chris Campbell, i quote "However bullish you are on bitcoin, you are wrong.you are not bullish enough.I believe it is never late for anyone to start accumulating bitcoin because the price they maybe considering as been high will not be considere same tomorrow,expect for those that fails to understand the potential of bitcoin and what bitcoin stands for. so as newbie,no coiner or low coiner our major focus should be on having a good enough stash in our portfolio through continuous accumulation without paying attention to the price corrections and holding for a longer time as long time is the best way to win.

[Popkon6]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

People like you who are with Bitcoin are going through a great time. I am also a witness to this time like you. Being aware of the speed of Bitcoin in advance made it easy for me to save through affordability and equity. Waiting for your own prosperity is like cheating with time so starting with a small amount will make me a large holder at some point in the future.

I want you to understand something from this statement I bold and that thing is that, even if you start with small or big amount it won't make you a large holder with some point in the future rather it is your consistency, patient etc that will make you a large holder in the future. Remember, how you start doesn't really matter rather how you are pushing and how you will end is what matters a lot  and whether starting with small or big amount of money you should use what you can afford to let go in other not to get stranded along the line.

To my notice, itt only when you are making reference to altcoins investment, that's when you advice the person to use or invest the money or amount that they can easily let go or lose, that's because altcoins investment usually cause people to lose their money but while investing into Bitcoin, there's every assurance that if the investor can hold their Bitcoin for a long time, they will end up in profit. Instead of advising to invest what they can lose, they should be advised to invest just the amount they can hold for a long term because Bitcoin is a long term investment.

This long-term investment has led to the success of many people in Bitcoin, because the DCA method is the easiest and most attractive way for any Bitcoin holder to make a profit. Investing with the DCA method allows Bitcoin investment to be maintained for a long time, and it has another positive aspect, as it helps in achieving easy goals and plans. Whether you have to use the same amount of money repeatedly or you can set a budget of different amounts of money, you can invest in Bitcoin and increase your budget every week, it will only depend on you.
Those who advise Altcoin investment are mainly trying to mislead investors, such bad advice severely hits the target of Bitcoin holders.

[Jostern]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

I believe a lot of procrastinators are now regretting the  fact that they couldn't buy as at when Bitcoin price was lower and now it's heading towards  $190k,how is it possible for them to buy at this rate though,well it depends if they are financially buoyant. But for me I don't have any regrets cause I've been able to make use of the opportunity of buying and holding.

There is no need to be regretting in life we make mistakes and we learn everyday, the question is do you have an income to start your investment, I really do not think there is when it would be too late to invest in bitcoin, because of its volatile nature and the potential of Bitcoin to always Rise, you might probably be regretting not buying when bitcoin was $90k, because it’s now $104k, If you continue to be regretting and blaming yourself for not investing that time you might still end up blaming yourself for not invest when it’s $104 and then it gets to $150k. Bitcoin is very unpredictable that is why it’s good to invest now and hodl for a long time and accumulate consistently.