Buy the DIP, and HODL!

[Silikiem]

[edited out]

For investment sustainability, a fixed income is needed, which is called discretionary income.

What you said is not true, ginsan.
discretionary income is any amount of money that you still have after you pay your expenses.

Discretionary income does not need to be fixed or stable.
Sure, it is helpful to have stable and/or fixed income but it is not necessary.
If you say that a person needs fixed and/or stable income in order to buy bitcoin, you are adding an additional condition that is not necessary even if it might be helpful.

It is like saying that I need to have $100 every week to invest in bitcoin, and if I only have $50 this week or some weeks I have $10 and other weeks I have $200, and some weeks I do not have any, and the punchline is that there is a lot of variance in my discretionary income, yet I still can invest in bitcoin, even if those amounts and/or those frequencies are not known in advance.

Having a fixed income to invest in Bitcoin is just like a policy, and as Bitcoin investment is meant only for those who have a fixed income.

It seems that I am saying the opposite.  I am saying that you do not need a fixed income. All you need is discretionary income to invest in bitcoin.  Why do guys keep repeating the wrong thing?

Having a fixed income is not necessary to invest in Bitcoin;

This is true.

it is better to say one needs an income or source of income.

That is not better.  Maybe some guys keep repeating the wrong idea because they do not know the difference between having discretionary funds and having a source income (or a steady income or a fixed income)?

Yeah, there can be guys who have income that is not regular, yet they can still invest into bitcoin one time based on their having extra income after paying expenses, which is called discretionary income.

It is not essential that this must be a fixed income, but the most important thing is having a source of income that you can depend on at all times.

You are internally contradicting yourself since having a source income that you can depend on and a fixed income is largely the same thing., and you do not need such a thing in order to buy bitcoin.

Then, invest the amount you can afford in Bitcoin, and this must be consistent to accumulate Bitcoin for the future.

Sure, this is true.

There are some people whose income is not fixed, especially the self-employed. This does not mean they need to have a fixed income before investing in Bitcoin; as long as there is a source of income, anybody can invest in Bitcoin.

I think that you are saying the same thing, but just using different words... so then we are arguing about semantics rather than arguing about the underlying idea... which means that we largely agree, but we are just expressing the matter differently.

[edited out]

I think the best way for someone without a fixed income to invest in Bitcoin is getting the average of what they use to earn or make and then take some cent from the average and be investing with it. With this, one don't have to struggle on the amount of money to be used for investment as someone whose income is not fixed instead of investing with random amount because you might definitely make a mistake and so whether fixed income or not it doesn't matter, what matters is the ability for you to do these mentioned above.

I think that the point is that every week or every month a guy can decide if he has any money left in order to buy bitcoin for that week (or month).  There is no need to make grand assessments, even though surely it does help if the guy knows that in the future he is going to continue to have income, yet the more uncertain that he is about his future income, then the more difficult it might be for him to determine that he actually has enough discretionary income to be able to buy bitcoin.  If he decides that he does not have discretionary income then he cannot buy bitcoin since he would be using money that he needs for expenses.

[edited out]

As stated by JJG, discretionary income will never be stable, it can reach $100, $200 or $30 and it all depends on their living expenses.

Some folks will have more steady discretionary than other folks, and surely the more money that a person makes, the more likely that they are going to have a lot of extra discretionary income and more options, and folks who have small levels of discretionary income will likely need to manage their cashflows better in order to not mess up.

You are correct that I probably mentioned that there is likely to be variance in discretionary income, yet if someone is making a lot of money (and especially if their level of income is way greater than their expenses), then they may well not even notice the variance in their income and/or expenses, as compared with someone who does not have a lot of discretionary income.. they will have to pay more attention in regards to making sure that they are not making mistakes, and even keeping more backup funds in order to account for their not having a lot of discretionary income... and sure increasing income and/or decreasing expenses can help folks to have more options, since it will increase their discretionary income.

My emphasis in my earlier post was that a guy does not have to have a lot of discretionary income or even a steady discretionary income to invest in bitcoin, yet a person with more discretionary income and more of a steady discretionary income will have more options than a person who does not have such circumstances, yet all that is needed to invest into bitcoin is discretionary income. and the details can be worked out, since the details are likely going to vary from person to person.

Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.

But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.

You may be trying to prioritize alternative income sources in your statement. I would not hesitate to agree with you on this.

It would be great if you could find alternative income sources and use them in your DCA rather than just doing DCA based on discretionary income. I often notice that we don't talk about alternative income sources much in the investment world. Maybe it's because it's not easy for everyone. Finding a discretionary income source may be somewhat easy for most people, but alternative income sources are not available to everyone and are also difficult to find. But it is certainly possible if we can put in the extra effort.

Having alternative income sources means we don't have to rely solely on discretionary income sources to do DCA. It makes your investment journey easier and helps you reach your goals faster. It even makes it easier for you to plan your finances. Generating additional cash flow and building the necessary funds becomes much easier.

You are making things sound even more confusing than necessary Shadiq.  A person who adds more income sources is likely adding more discretionary income, so the person could have all of their expenses covered by one job, but if they get additional jobs, then they increase their discretionary income based on the new jobs.  Some people get extra jobs because they are not able to live off of the income of one job, so they might still be covering their expenses by new sources of income, yet at some point all of their expenses will be covered, and then whatever they make after their expenses are covered would be discretionary income.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

Basic knowledge is not enough to start investing, you need to have a source of discretionary income and mental preparation. Suppose you have basic knowledge but do not have a source of discretionary income, then can you start investing and sustain it for a long time? No, it is not possible. Because you may be forced to withdraw that money from the investment and face losses. Even if you are not mentally prepared, there may be errors in your plan and doubts may arise in your mind about the investment. Basic knowledge is enough for investment in terms of knowledge, but overall basic knowledge is not enough to start investing.

This post is confusing.  A guy need discretionary income to invest in bitcoin. Yes.  Basic knowledge involves figuring out if his income is greater than his expenses, then that is called discretionary income, so he can get started buying bitcoin. He can learn the details as he goes, but if he has a discretionary income, he can get started.. and sure of course, he can consider his 9 individual particulars too, but he does not have to have his 9 individual particulars worked out to get started.. all he needs to know when he gets started is if he has discretionary funds..

and sure the less that he knows and the more uncomfortable that he is with bitcoin, then he likely would need to reduce his starting amount, so maybe a guy knows that he has $100 per week that he could use to invest in bitcoin, yet he is uncomfortable in the beginning and as he is learning, so he might decide to start investing $30-$40 per week while he is learning some particulars and as he becomes more comfortable, he might decide to increase his investment into bitcoin, and perhaps after 3-6 months, he might figure out that he has ways that he can increase his income and/or decrease his expenses so then he figures out that he has even more than $100 that he would be able to invest into bitcoin on a weekly basis.  Learning as you go is good, and actually investing while you learn helps to motivate you to learn more, as long as you are investing sufficiently small enough amounts that you can afford to lose in case you mess up or the investment does not work out.. yet anyone investing into bitcoin should be able to study bitcoin and to consider if they have some ideas that cause them to believe that bitcoin is amongst the better of investments if not the best investment that is available to everyone and anyone around the world who has a discretionary income.

[edited out]

You don't have to get yourself confused it the same you are saying basic knowledge is basic knowledge and it seems that you both are in the same spotlight of saying certain vitals about basic knowledge. No doubt about having source of income, it is from our income that we be able to determine our discretionary income. However, how about you also consider the 9 individual factors too in the Link below as an inclusive basis knowledge anyone coming to Bitcoin should also know.9 individual factors by jayjuanGee ,

I doubt that the 9 individual factors need to be known in any detail to get started investing into bitcoin, since the only thing that is needed to be known is whether a guy has discretionary income or not, and he can figure out the details of the 9 individual factors as he goes - even though it does not hurt to consider where a guy is at in regards to each of the 9 individual factors at the time that he starts investing into bitcoin.

Yes, without no doubt the discretionary income is the Main thing anyone must need to have before venturing into bitcoin investment, you don’t need to have all the money or knowledge in the world before investing in bitcoin, all what you need as a starter is just your discretionary income. Even if you have all the knowledge in the world about bitcoin but without your discretionary income you can never start your bitcoin investment and that’s why the discretionary income stands out as what you only need most to get started. The discretionary income has been the bedrock of every investment as it has to do with one’s inner convictions to start or do something. The moment you are convinced and decide to go into bitcoin investment, that’s the most important thing you need to have, once you have that then you’re good to go. Your discretionary income is the amount of money left for you after you might have made and meet up with your other main expenses as a person, either paying your bills or rent and other financial obligations. That money left for you is the primary thing you need to get started in bitcoin investment and every other thing comes secondary and you can fix them as you progresses with your investment and accumulations. If you wait to have everything in place before getting started, you might end up not even investing and you’re only delaying yourself and procrastination is a thief of time where by you will miss out with important investments opportunities which may come as at when you were still waiting to have everything and all the knowledge in place before you get started

[Ricardo11]

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

Somehow I don't like the word you can afford to lose especially if we are dealing about Bitcoin since somehow we are not losing especially if we are accumulating intended for long term.

Those losing situation will only occur especially if you are trading and you decide to sell your Bitcoin because you are afraid to lose more. In that situation I guess its good to use the word invest only what you can afford.

But somehow people have different takes towards this discussion and what's important is we know what to do and aim to buy then HODL Bitcoin for long term.

I definitely agree with you, when a investor want to invest for long-term purposes, at that time first he should be set his goal, then based on your income, you should regularly invest an amount of money according to your ability, without which you can live well. that is, it should not be according to the ability to lose it, but according to the intention that, after investing this amount of money, without which there will be no obstacle or difficulty in your daily life.

Of course, you should not invest such an amount of money, due to which, you have to suffer until you get your next salary. Invest such an amount from your salary that, even if you do not have this amonut money, you can live well until you get your next salary.

When it comes to long-term holding, it will never be completely lost. After long-term holding, it will definitely bring much better success, so when it comes to long-term holding, keep the amount of money you need to last the whole month according to your income and the rest of the money keep investing in Bitcoin regularly.

Ofcourse, It is necessary to have an emergency fund ready, because emergency funds are a must in any long-term investment.
But first of all, start investing in Bitcoin regularly, and within 1 month, 2 months, or an additional 3 months after starting to invest, prepare a strong emergency fund and continue to invest regularly.

[MusaPk]

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).   

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

[Platinumys]

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).   

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

[Stormisover]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

The phrase invest what you can afford to lose is not a bad advice to give anyone, it all depends on your interpretation and meaning you relate to it because I will say that is another way of saying that Bitcoin investment is not risk free so when are investing it should be from our discretionary income and even while making references to any of those future risks and uncertainty Bitcoin still remain one of the best place we can put our value .

[Gost ms]

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

The people you mentioned can never be called an investor but they are called traders. Basically a trader or business person does this. Because investment is long-term like keeping a time limit of 2 to 3 circles. The comment you mentioned is very confusing. Because the market is very volatile what will you do if the price of Bitcoin does not reach your target level. Or if the price of Bitcoin reaches your target level overnight. So it can never be called an investment. Before investing, a person must first set a goal that how many Bitcoins he wants to save in his portfolio and how long he wants to keep his investment period, financial management is very important. After the end of his investment period, he can withdraw some amount of money if he wants to enjoy it but it would be foolish to withdraw the entire amount of money. Because the demand for Bitcoin is increasing day by day and along with it the price of Bitcoin is increasing. If he sells his entire Bitcoin, he may regret it later.

[Wind_FURY]

Bitcoin broke all previous records for the first time and set a record for the highest price. Bitcoin broke the previous record of 109k and set a new record today. Bitcoin has set new records today and will continue to set new records in the future. For those who have not invested in Bitcoin, now is the right time to invest in Bitcoin.
Buy and hodl.

I'm HODLing my breath.

But I won't bull-post yet because, I'm a superstitious man, I don't want to cause a reversal back to $100,000 and therefore be disappointed again.

But I WILL start bull-posting probably when it surges to $120,000. 👍
Or $130,000? That would probably be a $110,000 correction for Bitcoin which would still be above the last ATH.

I'm HODLing my Bitcoin

Even if a reversal back happen, Bitcoin will still increase and will reach $120,000. If Bitcoin reach $120,000 and $110,000 correction, what correction for $111,000?

We hope the correction is not deeper, yes?

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

[JayJuanGee]

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).  

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

Personally, I have a hard time imagining how most normies could be close to their investment target in merely 2 years, unless they had been able to really front load their bitcoin investment, perhaps taking from other investments that they might have had at the time, or some other funds that happened to have had been available...

So let me attempt to describe a situation in which a person might be close to reaching their investment target in 2 years or less.  Let's say that a person has an income of around $30k per year, and so they would regularly be able to invest $150 per week into bitcoin if they were vary aggressive and investing around 25% of their income into bitcoin, and if their target is to get to a point in which they could potentially draw an income of $50k per year off of their bitcoin investment, then it could take quite a bit more than 2 years for them to get enough bitcoin.

So let's say that around the beginning of 2023, they figured out that they need to heavily invest into bitcoin, and perhaps they had various investments in various other assets, so their total investment portfolio added up to around $60k, yet they decided to take half of that and invest into bitcoin, and then they would invest $150 per week into bitcoin from their regular income...   so $30k in early 2023 might have had been able to get them right around $20k per coin if they had been extremely lucky, which would be right around 1.35 BTC, and then their accumulation of $150 per week would have had gotten them around $16.7k additional money invested and perhaps slightly less than 0.4 BTC.

So if we add up these kinds of optimistic (and greatly aggressive) totals we have nearly $47k invested and right around 1.75 BTC.  Surely not a bad place to be, but still seemingly quite a ways from being able to support a $50k per year income.  From my perspective, 1.75 bitcoin would be able to sustainably support around $8.4 k per year income based on its $84k 200-WMA value and in spite of its having a current spot price value of around $189k.

Surely, such an aggressive BTC accumulation would be on the right path, yet there still may be a need to continue to aggressively accumulate BTC for another 4 years, which I would not proclaim as being "close to reaching their investment target."

Sure, you could have had created much more modest investment targets, or maybe you have some other formulas for figuring out when you have reached (or you are coming close to reaching) your investment targets. I  have my doubts in regards to the timeline, and even amongst the most aggressive of BTC accumulation targets being able to get close to their investment targets in less then 4-6 years.

You don't need to give away your specifics, yet I would still be curious how you consider anyone who has been potentially aggressively investing into bitcoin to be getting close to their BTC accumulation targets.  I suspect that you are getting distracted by BTC spot prices rather than meaningful ways to attempt to evaluate where you are at as compared with where you would like to get.  And, I am not even attempting to impose my own values and/or targets upon you, but instead theorizing about some possible reasonable targets that any normie might attempt to create ant hen to follow through with in the event that he was planning on investing into bitcoin rather than trying to trade it.

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).  

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

You seem to be describing someone with a trading mindset and/or plans rather than someone who has an investment mindset.

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

The people you mentioned can never be called an investor but they are called traders. Basically a trader or business person does this. Because investment is long-term like keeping a time limit of 2 to 3 circles. The comment you mentioned is very confusing. Because the market is very volatile what will you do if the price of Bitcoin does not reach your target level. Or if the price of Bitcoin reaches your target level overnight. So it can never be called an investment. Before investing, a person must first set a goal that how many Bitcoins he wants to save in his portfolio and how long he wants to keep his investment period, financial management is very important. After the end of his investment period, he can withdraw some amount of money if he wants to enjoy it but it would be foolish to withdraw the entire amount of money. Because the demand for Bitcoin is increasing day by day and along with it the price of Bitcoin is increasing. If he sells his entire Bitcoin, he may regret it later.

I would suggest that investors are not selling any bitcoin until they have assessed themselves as having had reached a status of overaccumualtion, so then if they sell any bitcoin then they are only selling from the overaccumulated portion and without any intentions of necessarily being able to buy back.

[edited out]

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

Edit:  And now, less than 15 minutes after my original post, in the upper $105ks.

[ginsan]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

[JayJuanGee]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

[sotelorene]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

The phrase invest what you can afford to lose is not a bad advice to give anyone, it all depends on your interpretation and meaning you relate to it because I will say that is another way of saying that Bitcoin investment is not risk free so when are investing it should be from our discretionary income and even while making references to any of those future risks and uncertainty Bitcoin still remain one of the best place we can put our value .

I totally agree with you and I think some people do misunderstood this invest with what you can afford to let go or lose, investing with what you can afford to let go doesn't necessarily mean one should invest with a little amount of money, the amount can be big but based on your capacity you can afford to let it go. We should invest in line with our capacity and that which we can afford to lose doesn't necessarily mean small because there are people who still doesn't understand the meaning of that statement and they are making mistake with in there investment ( investing little even when they can invest with more than the amount they are using and still be okay).

[kanftka]

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).  

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

Personally, I have a hard time imagining how most normies could be close to their investment target in merely 2 years, unless they had been able to really front load their bitcoin investment, perhaps taking from other investments that they might have had at the time, or some other funds that happened to have had been available...

So let me attempt to describe a situation in which a person might be close to reaching their investment target in 2 years or less.  Let's say that a person has an income of around $30k per year, and so they would regularly be able to invest $150 per week into bitcoin if they were vary aggressive and investing around 25% of their income into bitcoin, and if their target is to get to a point in which they could potentially draw an income of $50k per year off of their bitcoin investment, then it could take quite a bit more than 2 years for them to get enough bitcoin.

So let's say that around the beginning of 2023, they figured out that they need to heavily invest into bitcoin, and perhaps they had various investments in various other assets, so their total investment portfolio added up to around $60k, yet they decided to take half of that and invest into bitcoin, and then they would invest $150 per week into bitcoin from their regular income...   so $30k in early 2023 might have had been able to get them right around $20k per coin if they had been extremely lucky, which would be right around 1.35 BTC, and then their accumulation of $150 per week would have had gotten them around $16.7k additional money invested and perhaps slightly less than 0.4 BTC.

So if we add up these kinds of optimistic (and greatly aggressive) totals we have nearly $47k invested and right around 1.75 BTC.  Surely not a bad place to be, but still seemingly quite a ways from being able to support a $50k per year income.  From my perspective, 1.75 bitcoin would be able to sustainably support around $8.4 k per year income based on its $84k 200-WMA value and in spite of its having a current spot price value of around $189k.

Surely, such an aggressive BTC accumulation would be on the right path, yet there still may be a need to continue to aggressively accumulate BTC for another 4 years, which I would not proclaim as being "close to reaching their investment target."

Sure, you could have had created much more modest investment targets, or maybe you have some other formulas for figuring out when you have reached (or you are coming close to reaching) your investment targets. I  have my doubts in regards to the timeline, and even amongst the most aggressive of BTC accumulation targets being able to get close to their investment targets in less then 4-6 years.

You don't need to give away your specifics, yet I would still be curious how you consider anyone who has been potentially aggressively investing into bitcoin to be getting close to their BTC accumulation targets.  I suspect that you are getting distracted by BTC spot prices rather than meaningful ways to attempt to evaluate where you are at as compared with where you would like to get.  And, I am not even attempting to impose my own values and/or targets upon you, but instead theorizing about some possible reasonable targets that any normie might attempt to create ant hen to follow through with in the event that he was planning on investing into bitcoin rather than trying to trade it.

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).  

Yes it's feels very good to be in bitcoin specially if you are accumulating Bitcoin for around 2 years and you see your target is very near. I do agree that my start was slow but once I figure out the advantage of keep on investing in bitcoin for longer duration, I don't miss any week now in which I don't invest in bitcoin. I wish I would have been investing since I registered here but it's useless to think about lost opportunity. Best is to take advantage of what opportunity is at your disposal.

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

You seem to be describing someone with a trading mindset and/or plans rather than someone who has an investment mindset.

Investors who invested with a long-term plan had initially planned to hold Bitcoin until it hit $100,000, but when they saw that the Bitcoin market had quickly hit this price and that there was a possibility of getting better prices ahead, many changed their investment plans and are now thinking about holding their investments for a longer period of time. The objectives of investors are usually different, there are some investors who want to hold Bitcoin for a certain period of time and some investors want to hold Bitcoin for a certain price, but I would like to congratulate and wish both types of investors good luck because these two categories of investors are investing in Bitcoin with a long-term plan and if they can hold their investments for this long period of time, then they will be successful here.

The people you mentioned can never be called an investor but they are called traders. Basically a trader or business person does this. Because investment is long-term like keeping a time limit of 2 to 3 circles. The comment you mentioned is very confusing. Because the market is very volatile what will you do if the price of Bitcoin does not reach your target level. Or if the price of Bitcoin reaches your target level overnight. So it can never be called an investment. Before investing, a person must first set a goal that how many Bitcoins he wants to save in his portfolio and how long he wants to keep his investment period, financial management is very important. After the end of his investment period, he can withdraw some amount of money if he wants to enjoy it but it would be foolish to withdraw the entire amount of money. Because the demand for Bitcoin is increasing day by day and along with it the price of Bitcoin is increasing. If he sells his entire Bitcoin, he may regret it later.

I would suggest that investors are not selling any bitcoin until they have assessed themselves as having had reached a status of overaccumualtion, so then if they sell any bitcoin then they are only selling from the overaccumulated portion and without any intentions of necessarily being able to buy back.

[edited out]

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

Edit:  And now, less than 15 minutes after my original post, in the upper $105ks.

True, BTC can either dip or not we can’t 100% be accurate on that, but what we should try understanding is every dip or price BTC appears to be is definitely a buying opportunity if we get the long term picture..
Based on my understanding Bitcoin does not reward those who panic, it rewards those who stay patient and keep adding to their bag. Whether it’s $70K or $110K or right now at $105K, what really matters is that we should keep buying consistently and keep building our bag. I learnt this and would keep accumulating BTC for the next years to come..

We should know this is not just about short term price moves, it is about being part of something much bigger. Also Dan Held said, there will always be dips. The ones who come out on top are not the smartest traders, they’re the ones who stay committed and keep accumulating over time.

So yeah, keep buying every dip and price you find BTC and keep hodling. That’s how we WIN.

[Churchillvv]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

Surely several guys have different variations totally different from your own even confusing than ever yet it's very much obsolete that buying is now getting more score because several years gone guys didn't have the momentum to keep buying, upscaling bitcoin constantly, consistently, ongoingly and even aggressively as they do now. it's pretty much the effect of the profitability of bitcoin over the last few weeks and how much more investors are coming into it.

However, I would agree with you that guys in the last 40 years who started the accumulation journey are probably in the beginning or yet at the earliest intermediate level of accumulation yet reaching a high BTC accumulation status will be very difficult in less than four years even though one may have much money or have some kind of amount for lump sum yet it's rare to see such investors hence the accumulation stage is pretty much what most of us on this thread or visitors are still on. even though we might have some OGs in bitcoin on the forum yet most of them prioritize accumulation over any other thing bitcoin even beyond maintenance. Yet sure anything is possible.

[Jostern]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

Talking about the price going down or buying the dip in most cases should not even be put into consideration because being a low coiner or a no coiner is just naturally important to be more consistent and persistent in buying and accumulating bitcoin, it’s more interesting to be a regular investor in bitcoin and if opportunity comes I have to do it more aggressively in my investing and accumulating of bitcoin and most importantly continue to hold, regular purchase I think it’s more accurate instead of waiting for the dip to when we eventually don’t know when it will come. The present times always provides an opportunity to buy and hold.

[ejikeme24]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

However, I would agree with you that guys in the last 40 years who started the accumulation journey are probably in the beginning or yet at the earliest intermediate level of accumulation yet reaching a high BTC accumulation status will be very difficult in less than four years even though one may have much money or have some kind of amount for lump sum yet it's rare to see such investors hence the accumulation stage is pretty much what most of us on this thread or visitors are still on.

If you're talking about this current stage, of course there's no doubt, moreover i have never seen a guy that reach the status of overaccumulation in less than four years in this current stage, and yes even if there are some guys that get to the status of overaccumulation in less than four years I think such guys is not easy to be found, perhaps even if a guy choose to invest with lump sum he may not be able to reach the status of overaccumulation in less than four years since he will be doing it monthly and if a guy does not have a stable source of income probably he can get stuck up in the process, which is why majority of us focus on ongoing buying of bitcoin using the DCA method rather than investment with lump sum, reason been that they wouldn't want to get stuck up at some point.

[Tungbulu]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

It's indeed very possible and also crucial for investors to continually reassess their investment strategies and of course make certain adjustments where and/or when necessary, but this should mostly be based on the investor's progress and goals.
There should certainly be some of a shift in strategy, especially for investors who feels they've met or exceeded their financial targets, at this point, they might consider reducing the frequency and/or the amount they initially used when accumulating Bitcoin.

Yeah, it can indeed take way much longer time than 4 years to reach a fuck you status or a state of overaccumulation, although the timeframe may also pretty much depend on several factors, such as the investment amount, the investor's individual financial goals and of course Bitcoin's price trajectory at this period of time.
It's quite possible for different individuals to have diverse approaches to measure or calculate their financial targets as well as when it also comes to evaluating their progress. And we can say for sure that these are the major factors that influences the individual's decisions.

[JayJuanGee]

[edited out]

I totally agree with you and I think some people do misunderstood this invest with what you can afford to let go or lose, investing with what you can afford to let go doesn't necessarily mean one should invest with a little amount of money, the amount can be big but based on your capacity you can afford to let it go. We should invest in line with our capacity and that which we can afford to lose doesn't necessarily mean small because there are people who still doesn't understand the meaning of that statement and they are making mistake with in there investment ( investing little even when they can invest with more than the amount they are using and still be okay).

Invest no more than you can afford to lose does have a psychological component to it, so in some sense the investment should not go beyond your discretionary income, but it also should not go beyond what you would be willing to lose... so the amount has to be truly extra money that you are willing to commit to the investment, and sure there is a balance that you are wanting your investment into bitcoin to be profitable, but you are also balancing the amount with a realization that you could en up losing your investment into bitcoin since it is not guaranteed to NOT lose..

So far, a lot of folks have chosen not to invest into bitcoin, yet those who have chosen to invest into bitcoin are doing quite well relative to the ones who  chose not to invest into bitcoin.

[edited out]

True, BTC can either dip or not we can’t 100% be accurate on that, but what we should try understanding is every dip or price BTC appears to be is definitely a buying opportunity if we get the long term picture..
Based on my understanding Bitcoin does not reward those who panic, it rewards those who stay patient and keep adding to their bag. Whether it’s $70K or $110K or right now at $105K, what really matters is that we should keep buying consistently and keep building our bag. I learnt this and would keep accumulating BTC for the next years to come..

We should know this is not just about short term price moves, it is about being part of something much bigger. Also Dan Held said, there will always be dips. The ones who come out on top are not the smartest traders, they’re the ones who stay committed and keep accumulating over time.

So yeah, keep buying every dip and price you find BTC and keep hodling. That’s how we WIN.

Yeah, but aren't you also holding up to 20% of your bitcoin investment size in shitcoins?  I am not sure if I believe that you are practicing what you preach, and you are also still pretty new here (only 1 month) in terms of how long you may have had been buying bitcoin and having experiences that go beyond your forum registration date, and maybe you might want to better introduce yourself rather than just spouting out general bitcoin investment principles... Sure, you are not the ONLY one who does that, but it is good for us to try to get to know guys who are claiming to be talking from experiences.. but then at the same time being somewhat friendly to shitcoins, which is not generally a topic of this thread.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

It's indeed very possible and also crucial for investors to continually reassess their investment strategies and of course make certain adjustments where and/or when necessary, but this should mostly be based on the investor's progress and goals.
There should certainly be some of a shift in strategy, especially for investors who feels they've met or exceeded their financial targets, at this point, they might consider reducing the frequency and/or the amount they initially used when accumulating Bitcoin.

Yeah, it can indeed take way much longer time than 4 years to reach a fuck you status or a state of overaccumulation, although the timeframe may also pretty much depend on several factors, such as the investment amount, the investor's individual financial goals and of course Bitcoin's price trajectory at this period of time.
It's quite possible for different individuals to have diverse approaches to measure or calculate their financial targets as well as when it also comes to evaluating their progress. And we can say for sure that these are the major factors that influences the individual's decisions.

I feel that I had gotten to overaccumulation status in less than 4 years,  yet I was thinking about overaccumulation in a different way back in 2015-ish by the time that I had concluded that I had gotten to such status.

So I am open to considering various ways of calculating overaccumulation status, even though I think that some guys are mistaken when they are proclaiming that they are at such overaccumulation status... so then the next questions would regard how they would adjust their ways of dealing with their bitcoin holdings, and so likely the plan regarding what to do next would be important, yet if a guy has not figured out some way of valuating his holdings to proclaim that he is at overaccumulation status, and if he is still trying to accumulate bitcoin, then the next questions might related to his level of aggressiveness in accumulating bitcoin and if he has changed from aggressive accumulation to some form of moderated aggressiveness in his bitcoin accumulation.  Guys should be able to make these kinds of assessments and to make adjustments to his bitcoin accumulation and/or maintenance approaches based on such assessments.

[Tungbulu]

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

You are right, direct purchases are better to do. To be consistent in accumulating bitcoins, of course, the faster the better.
I often hear a saying in running an investment where holding cash is a stupid act, however, the cash available can be converted into bitcoin if he immediately presses the buy button.

Talking about the price going down today or tomorrow or even next month, it won't be a problem or won't worry. Because as long as the accumulation continues, an investor will be comfortable with any price, whether it goes down or up, he will still press the buy button.

Of course, my big opinion is that bitcoin will have a stronger chance of rising because of the increasing buying demand. Even so, we remain loyal to continue holding while continuing to follow up on purchases with the DCA strategy.

There surely could be guys who are starting to let up upon their regular, persistent, ongoing, consistent and perhaps even aggressive buying of bitcoin based on their perceptions of their having had reached and/or exceeded their BTC accumulation target.. so then they change their strategies.  Even though not impossible, I have difficulties imagining anyone with fewer than 4 years buying bitcoin having had reached that stage of their BTC accumulation status, yet.  But sure, anything is possible, including some guys having formulas (and bitcoin valuation systems) different from my own.

✂️✂️✂️

I feel that I had gotten to overaccumulation status in less than 4 years,  yet I was thinking about overaccumulation in a different way back in 2015-ish by the time that I had concluded that I had gotten to such status.

So I am open to considering various ways of calculating overaccumulation status, even though I think that some guys are mistaken when they are proclaiming that they are at such overaccumulation status... so then the next questions would regard how they would adjust their ways of dealing with their bitcoin holdings, and so likely the plan regarding what to do next would be important, yet if a guy has not figured out some way of valuating his holdings to proclaim that he is at overaccumulation status, and if he is still trying to accumulate bitcoin, then the next questions might related to his level of aggressiveness in accumulating bitcoin and if he has changed from aggressive accumulation to some form of moderated aggressiveness in his bitcoin accumulation.  Guys should be able to make these kinds of assessments and to make adjustments to his bitcoin accumulation and/or maintenance approaches based on such assessments.

Indeed, it kinda makes sense that investors would think of reassessing their approach towards Bitcoin as soon as they've reached a their desired target/goal. Some investors pull back a bit on their accumulation strategy (amount or pace). While some others might decide to still continue their accumulation with the same enthusiasm. But either way, I still believe that the best way to go with this is to have a very clear plans first and then secondly, being willing to regularly reassess that plan and of course, being able to make certain adjustments where and/or when necessary. Because an investor's ability to evaluate his own progress and also make changes based on how the market is behaving and also their own personal financial situation is actually key.

You know now that we mentioned it, I just can't help but to think about how fascinating it is to think about how people's approaches might actually change in the long run. Maybe it only made sense that investors are aggressive with their accumulation when they were only starting out, but now that they've been able to reach quite a significant position, they become more focused on HODLing and watching the value of their asset grow overtime. Or maybe they'll focus more on diversifying and start making some strategic withdrawals from their profits. But whatever the case may be, it very crucial for investors to adapt and make informed decisions in the ever evolving world of Bitcoin.

I also try to consider how different individuals have different definitions and perspectives of what "overaccumulation state" really looks like. What one person might consider to be a whole lot of bitcoin might only be just a piece of cake for another, some investors might choose to be more aggressive and some on the other hand might choose to be more conservative in their various strategies. But in the long run, it's pretty much just about finding out what really works for you and aligns pretty well with your personal financial situation, and of course being able to make necessary adjustments too.

[SilverCryptoBullet]

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

You all got it wrong and tried to correct me, I appreciate it but I can not take your messages for my practice.

Investment in long term and holding for long term are very good but to do it well, you must have proper start that has many necessary conditions behind and if you lack them, you will very possibly get big troubles later. Then, even if you determinantly with your plan, want to invest and hold, you will simply not be able to do this. Oppositely and unfortunately, you might have to sell when you don't want to do that deeply in your mind, and do it for losses.

Another thing is storing your bitcoin safely for holding, and if you do it wrongly, your holding practice can turn to be a nightmare as well.

[AbuBhakar]

Investment in long term and holding for long term are very good but to do it well, you must have proper start that has many necessary conditions behind and if you lack them, you will very possibly get big troubles later.

That is why you don't start holding and investing for long term if you're not ready to do it not just financially but also in other aspects. Being physically healthy so you won't just use your bitcoin for hospital bills. Being mentally prepared so you won't be stressed about bitcoin's volatility.

Then, even if you determinantly with your plan, want to invest and hold, you will simply not be able to do this. Oppositely and unfortunately, you might have to sell when you don't want to do that deeply in your mind, and do it for losses.

Before holding bitcoin for long term, you should plan ahead about what can happen in the future. That will only happen if you have no funds to spend during those occassions. Before investing into bitcoin, you must have a separate savings to use so your holdings will not be easily compromised.

Another thing is storing your bitcoin safely for holding, and if you do it wrongly, your holding practice can turn to be a nightmare as well.

Just like any other investments, if you keep it wrongly, your hard work could become worthless if someone stole or you lost it. Keeping your bitcoin safely is the most basic task of a hodler. Your best option is to put it on a hardware wallet and make 2-3 copies of its secret phrase then put it on unusual places that you won't forget. A non-custodial wallet is your alternative to a hardware wallet but you should be wary on the links you're clicking. If your device is compromised, hackers could access your wallet and drain your bitcoin inside.