Buy the DIP, and HODL!

[kanftka]

[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.

It is obvious I am pretty new here, and yeah, before joining the forum, I already had a way I managed my portfolio initially, I am not here to pretend that I am some OG in this space. I’m still growing which I mentioned in one of my other posts. I also mentioned that I am new to accumulating Bitcoin. Now, since I joined the forum and have also been doing the little research I could, I’ve been getting different perspectives on investment from you all and several crypto pals who have been in the game way longer than myself which is obviously giving me a new perspective entirely.

It’s true that my previous investment plan might not have changed as it was my starting point before joining the forum, the only difference is I kept adding to BTC only.. Since then, I have already started seeing thing differently, seriously reconsidering my allocation as I am gaining new and better perspectives in here on the forum. And honestly, I believe one of the most important things I should be doing right now is unlearning and relearning. And trust me, I’m 100% willing to do that.
As for practicing what I preach, I am not preaching perfection, I am just sharing where I’m at and what I’m trying to improve. If anything, my posts reflect my current journey: not from a place of authority, but from someone actively shifting toward a more BTC focused approach.

And you are right, I have not done a full introduction maybe I should have started there. I am just here to be part of the conversation like everyone else, to learn, and to grow alongside others. I respect the direction of each thread and will stay aligned with it. My intention is not to promote altcoins here but to be open about where i am coming from and where I’m heading…

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.
[/quote]

[Wind_FURY]

[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).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.

NEVER NEVER NEVER AGAIN.

 

[Cossyblack]

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,

Your message about a no coiner persistent in accumulating Bitcoin isn't clear enough to my understanding,please convince me more.The truth is, how can someone/an individual who doesn't believe in Bitcoin be more consistent in accumulating Bitcoin, that's not possible because no body will want to invest in Bitcoin without first trusting in the system. A no coiner always have negative perspective about anything's /activities relating to Bitcoin and wouldn't want to invest in Bitcoin or hold it as an asset because he believes it is a scam and accumulating it will not add any significant value to his life. The point is,a no coiner wouldn't want to venture into bitcoin with all the negative thoughts inside of him because he simply hate Bitcoin .

[Derekfunds]

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.

Yes it is more advisable and encouraging to be a low coiner than waiting for the Dip before one will start to invest in Bitcoin, a no coiner is the same thing as someone who is just waiting for the Dip and you can only be called an investor if you have started buying and holding Bitcoin otherwise the person Is not an investor. Regular investor is the same thing as using the DCA method to buy Bitcoin which can either be weekly or monthly because I doubt if someone can buy Bitcoin every two or three days unless the person earns per hour and to me the interval is too close and I don't think one can maintain it ( accumulating every two or three days).

[Tmoonz]

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.

Yes it is more advisable and encouraging to be a low coiner than waiting for the Dip before one will start to invest in Bitcoin, a no coiner is the same thing as someone who is just waiting for the Dip and you can only be called an investor if you have started buying and holding Bitcoin otherwise the person Is not an investor. Regular investor is the same thing as using the DCA method to buy Bitcoin which can either be weekly or monthly because I doubt if someone can buy Bitcoin every two or three days unless the person earns per hour and to me the interval is too close and I don't think one can maintain it ( accumulating every two or three days).

There is no restrictions towards when one can make purchases of their Bitcoin, it is a personal choice and decision and also based on the availability of the investment money to decide on when and when not to to make their DCA buying, and when it comes to maintaining it, it is not that necessary that one must maintain the order to which you buys your Bitcoin through the DCA, the DCA has lot of flexibilities, perhaps it is not meant to be seen as a burden, what is most important thing is that you are buying at your comfort zone even if you don't maintain the order of your purchases.

[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,

Your message about a no coiner persistent in accumulating Bitcoin isn't clear enough to my understanding,please convince me more.The truth is, how can someone/an individual who doesn't believe in Bitcoin be more consistent in accumulating Bitcoin, that's not possible because no body will want to invest in Bitcoin without first trusting in the system. A no coiner always have negative perspective about anything's /activities relating to Bitcoin and wouldn't want to invest in Bitcoin or hold it as an asset because he believes it is a scam and accumulating it will not add any significant value to his life. The point is,a no coiner wouldn't want to venture into bitcoin with all the negative thoughts inside of him because he simply hate Bitcoin .

Well I absolutely think you are misunderstanding the concept, For someone to be a no coiner doesn’t necessarily mean that the fellow doesn’t have basic understanding about bitcoin, or the person is probably against bitcoin or have a negative perspective about bitcoin. Don’t you think you need a source of income just as little as it is to start investing in bitcoin, At some points in 2023  I was eagerly interested in starting my Bitcoin investment journey but because I didn’t have a job and there was no money or source of income I couldn’t afford to start then, and I was actually a student depending on my parents, and there was no discretionary income at that time does that not make me a no coiner ? It doesn’t necessarily mean I must have a bad negative perspective about bitcoin, to start an investment you need money and a source of income, when you have an little source of income and most importantly taking care of your expenses and you have a discretionary funds then you can start investing and going through all the necessary strategies that have been emphasized here, I must say you’re absolutely wrong when you said a no coiner are people who have a negative perspective about Bitcoin. Most people are no coiner because they don’t have income or discretionary funds, I’m still not disputing your opinion because there are people who might also have that negative mindset people who are only interested in get rich quick schemes.

[Tonimez]

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,

Your message about a no coiner persistent in accumulating Bitcoin isn't clear enough to my understanding,please convince me more.The truth is, how can someone/an individual who doesn't believe in Bitcoin be more consistent in accumulating Bitcoin, that's not possible because no body will want to invest in Bitcoin without first trusting in the system. A no coiner always have negative perspective about anything's /activities relating to Bitcoin and wouldn't want to invest in Bitcoin or hold it as an asset because he believes it is a scam and accumulating it will not add any significant value to his life. The point is,a no coiner wouldn't want to venture into bitcoin with all the negative thoughts inside of him because he simply hate Bitcoin .

Well I absolutely think you are misunderstanding the concept, For someone to be a no coiner doesn’t necessarily mean that the fellow doesn’t have basic understanding about bitcoin, or the person is probably against bitcoin or have a negative perspective about bitcoin. Don’t you think you need a source of income just as little as it is to start investing in bitcoin, At some points in 2023  I was eagerly interested in starting my Bitcoin investment journey but because I didn’t have a job and there was no money or source of income I couldn’t afford to start then, and I was actually a student depending on my parents, and there was no discretionary income at that time does that not make me a no coiner ? It doesn’t necessarily mean I must have a bad negative perspective about bitcoin, to start an investment you need money and a source of income, when you have an little source of income and most importantly taking care of your expenses and you have a discretionary funds then you can start investing and going through all the necessary strategies that have been emphasized here, I must say you’re absolutely wrong when you said a no coiner are people who have a negative perspective about Bitcoin. Most people are no coiner because they don’t have income or discretionary funds, I’m still not disputing your opinion because there are people who might also have that negative mindset people who are only interested in get rich quick schemes.

It is one thing to know about bitcoin and it's a different thing to invest in bitcoin. Anyone can know about bitcoin but not everyone would spare some funds to build a bitcoin stash. Having a stable job or source of income is the number one step to owning bitcoin. When someone knows about bitcoin, has a stable source of income, but does not invest in bitcoin, then you may consider his as possibly having a negative perception about bitcoin which could have deterred him from investing in bitcoin. Someone can also know about bitcoin, no stable source of income but willing to invest. The two would remain no coiners but for different reasons.

[Stormisover]

[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).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.

NEVER NEVER NEVER AGAIN.

 

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

[Muba20]

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,

Your message about a no coiner persistent in accumulating Bitcoin isn't clear enough to my understanding,please convince me more.The truth is, how can someone/an individual who doesn't believe in Bitcoin be more consistent in accumulating Bitcoin, that's not possible because no body will want to invest in Bitcoin without first trusting in the system. A no coiner always have negative perspective about anything's /activities relating to Bitcoin and wouldn't want to invest in Bitcoin or hold it as an asset because he believes it is a scam and accumulating it will not add any significant value to his life. The point is,a no coiner wouldn't want to venture into bitcoin with all the negative thoughts inside of him because he simply hate Bitcoin .

Well I absolutely think you are misunderstanding the concept, For someone to be a no coiner doesn’t necessarily mean that the fellow doesn’t have basic understanding about bitcoin, or the person is probably against bitcoin or have a negative perspective about bitcoin. Don’t you think you need a source of income just as little as it is to start investing in bitcoin, At some points in 2023  I was eagerly interested in starting my Bitcoin investment journey but because I didn’t have a job and there was no money or source of income I couldn’t afford to start then, and I was actually a student depending on my parents, and there was no discretionary income at that time does that not make me a no coiner ? It doesn’t necessarily mean I must have a bad negative perspective about bitcoin, to start an investment you need money and a source of income, when you have an little source of income and most importantly taking care of your expenses and you have a discretionary funds then you can start investing and going through all the necessary strategies that have been emphasized here, I must say you’re absolutely wrong when you said a no coiner are people who have a negative perspective about Bitcoin. Most people are no coiner because they don’t have income or discretionary funds, I’m still not disputing your opinion because there are people who might also have that negative mindset people who are only interested in get rich quick schemes.

It is one thing to know about bitcoin and it's a different thing to invest in bitcoin. Anyone can know about bitcoin but not everyone would spare some funds to build a bitcoin stash. Having a stable job or source of income is the number one step to owning bitcoin. When someone knows about bitcoin, has a stable source of income, but does not invest in bitcoin, then you may consider his as possibly having a negative perception about bitcoin which could have deterred him from investing in bitcoin. Someone can also know about bitcoin, no stable source of income but willing to invest. The two would remain no coiners but for different reasons.

A person can gain a lot of knowledge about Bitcoin. He can spread that knowledge to others, but if he does not save Bitcoin himself, then I think that knowledge has no value. He is inspiring others to hold it. He is showing others a dream, but if he does not see that inspiration and dream himself, then his acquired knowledge is worthless. Undoubtedly, a person who does not invest even after knowing about Bitcoin well may not have money or he is afraid to take risks. There are some who, despite having limited income, try to invest a small amount. I think that if an investor knows about Bitcoin and its potential, he will definitely try to accumulate Bitcoin in weekly or monthly basis, even if it is a small but after a period of time that can be assets.

[Dunamisx]

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.

We could actually use different ways to accumulate on bitcoin and invest base on our abilities, which we know they all varies from time to time, with this, we may not only choose to adopt a single pattern for our investment, but consider being flexible in some certain situations that warrant for us to go by such.

Also, knowing that everyone has different sources of income as well as what we all earn, we may not be able to adopt the same pattern and use that all through for our investment, that is why some will buy the dip and also accumulate more as the market dips using DCA while some are willing to buy at any time as long as they are also to hodl for a long duration.

[ultrloa]

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).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.

NEVER NEVER NEVER AGAIN.

 

Seems like you are suggesting a super risky decision for your friends before and its not really advisable to do so especially if they really don't have knowledge on how deal with Bitcoin.

There's a chance that they might easily got affected on a series of volatile movement that's why I will not also suggest to anyone to invest large portion of their savings especially if this is their first attempt investing on Bitcoin. Maybe they should start slow since somehow they are learning and they could just add the size once they already get lots of knowledge about what they are doing and also aware about what risk they might face since with this I guess they are ready for whatever upgrade they want to happen on their Bitcoin investment.

What's important is they start even in slow phase since everything would provably follow especially if they became a experience investor later on.

[Silikiem]

[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.

Yes this is so true, investing has a huge impact on people psychologically, more especially as a bitcoin investor or someone who wish to venture into bitcoin investments. Psychologically In the sense that it is related to your mental and emotional state as a person and that’s why it’s always advisable as an investor for you to invest in not more than you can afford to lose, and the best way you can be able to do that is by investing with your discretionary income. It’s advisable to invest with your discretionary income because in this situation you have already taken care of your other expenses and financial obligations, which includes payments of your bills and other utilities, after meeting up with your financial obligations, the amount of money left with you is regarded as your discretionary income and you can comfortably use it to invest in your bitcoin and accumulate consistently without worrying about anything.

[I_Anime]

[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.

Yes this is so true, investing has a huge impact on people psychologically, more especially as a bitcoin investor or someone who wish to venture into bitcoin investments. Psychologically In the sense that it is related to your mental and emotional state as a person and that’s why it’s always advisable as an investor for you to invest in not more than you can afford to lose, and the best way you can be able to do that is by investing with your discretionary income. It’s advisable to invest with your discretionary income because in this situation you have already taken care of your other expenses and financial obligations, which includes payments of your bills and other utilities, after meeting up with your financial obligations, the amount of money left with you is regarded as your discretionary income and you can comfortably use it to invest in your bitcoin and accumulate consistently without worrying about anything.

You make bitcoin investment seem hard , but you are right about investing with your discretionary income . But bitcoin does not affect one psychology like way you sound ( only trading does), if one approach bitcoin investment with the right principles he or she will be able to pull it off without much stress . Is only if one is does not truly understand or know anything about bitcoin that’s only when he or she will be stress out due to market conditions and all that.

Because bitcoin cannot keep going up just like that , it will always experience some dip , even recently. So those that don’t understand how it work they will only keep panicking think it may continue to go down and stuff, which wrong , for accumulating bitcoin no is pressuring anyone stick to your budget accumulate as much as you can using your discretionary income.

[CageMabok]

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

The early phase of 2023 is the phase where the Bitcoin market is still in very bad shape and can be considered the best point for anyone who dares to buy Bitcoin because at that time Bitcoin is still quite close to the price of $15K or around $16K which means that it is a super decent price level for anyone to take advantage of in terms of buying as much as they can. I will show you a picture through what I see on tradingview so that you can have a pretty clear comparison when you want to compare the price of Bitcoin in early 2023 with the price of Bitcoin this year. Because at the end of last year there were also many people who regretted not daring to buy Bitcoin at the beginning of 2023 and that will not happen again this year for Bitcoin.

[Loyang]

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

The early phase of 2023 is the phase where the Bitcoin market is still in very bad shape and can be considered the best point for anyone who dares to buy Bitcoin because at that time Bitcoin is still quite close to the price of $15K or around $16K which means that it is a super decent price level for anyone to take advantage of in terms of buying as much as they can. I will show you a picture through what I see on tradingview so that you can have a pretty clear comparison when you want to compare the price of Bitcoin in early 2023 with the price of Bitcoin this year. Because at the end of last year there were also many people who regretted not daring to buy Bitcoin at the beginning of 2023 and that will not happen again this year for Bitcoin.

The Bitcoin market is very volatile, you never know what will happen in the market. The market can fall at any time and the market can rise at any time. An investor should never look at the price. He should continue to buy continuously until he has accumulated a sufficient amount of Bitcoin in his portfolio. Hold it for the long term.

[SOKO-DEKE]

[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.

Yes this is so true, investing has a huge impact on people psychologically, more especially as a bitcoin investor or someone who wish to venture into bitcoin investments. Psychologically In the sense that it is related to your mental and emotional state as a person and that’s why it’s always advisable as an investor for you to invest in not more than you can afford to lose, and the best way you can be able to do that is by investing with your discretionary income. It’s advisable to invest with your discretionary income because in this situation you have already taken care of your other expenses and financial obligations, which includes payments of your bills and other utilities, after meeting up with your financial obligations, the amount of money left with you is regarded as your discretionary income and you can comfortably use it to invest in your bitcoin and accumulate consistently without worrying about anything.

As far as someone is using his or her discretionary income to invest in Bitcoin, I don't expect such a person to face any challenges like that. Most people are always worried about their Bitcoin investment because they are always planning for the kind of profits they will make at a particular time, and that is not the right way to invest in Bitcoin. If not, any time the price drops, someone will be so disturbed.The truth is that investment in Bitcoin is not that hard as far as someone follow the right step. All someone needs is just the mindset to accumulate a certain amount of Bitcoin and be ready not to sell it any time soon.

[sotelorene]

[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.

Yes this is so true, investing has a huge impact on people psychologically, more especially as a bitcoin investor or someone who wish to venture into bitcoin investments. Psychologically In the sense that it is related to your mental and emotional state as a person and that’s why it’s always advisable as an investor for you to invest in not more than you can afford to lose, and the best way you can be able to do that is by investing with your discretionary income. It’s advisable to invest with your discretionary income because in this situation you have already taken care of your other expenses and financial obligations, which includes payments of your bills and other utilities, after meeting up with your financial obligations, the amount of money left with you is regarded as your discretionary income and you can comfortably use it to invest in your bitcoin and accumulate consistently without worrying about anything.

As far as someone is using his or her discretionary income to invest in Bitcoin, I don't expect such a person to face any challenges like that. Most people are always worried about their Bitcoin investment because they are always planning for the kind of profits they will make at a particular time, and that is not the right way to invest in Bitcoin. If not, any time the price drops, someone will be so disturbed.The truth is that investment in Bitcoin is not that hard as far as someone follow the right step. All someone needs is just the mindset to accumulate a certain amount of Bitcoin and be ready not to sell it any time soon.

Investing with one's discretionary is quite okay and advisable but investing with one's discretionary doesn't mean there won't be challenge, definitely there would be a challenge(s) ( unforseen circumstances) that is why we also have back up and emergency funds to always take care of those challenges when it arise. Investing with one's discretionary will help the person not to do mistake by touching the money they are not suppose to..., using discretionary funds help an investor stay safe that is to say that one's discretionary is like a boundary an investor should not cross ( only use what is in your discretionary).

Yea, I think I will agree with you on this, buying Bitcoin is not actually hard but what is hard is, getting a good source of income, knowing the right amount to use, investing consistently and holding for a long time that is not always easy most people find it difficult but those who are determined can do it.

[ejikeme24]

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

The early phase of 2023 is the phase where the Bitcoin market is still in very bad shape and can be considered the best point for anyone who dares to buy Bitcoin because at that time Bitcoin is still quite close to the price of $15K or around $16K which means that it is a super decent price level for anyone to take advantage of in terms of buying as much as they can. I will show you a picture through what I see on tradingview so that you can have a pretty clear comparison when you want to compare the price of Bitcoin in early 2023 with the price of Bitcoin this year.Because at the end of last year there were also many people who regretted not daring to buy Bitcoin at the beginning of 2023 and that will not happen again this year for Bitcoin.

You know back then the awareness of bitcoin is not that much compared to this current stage, which is why most people couldn't take advantage in that early stage. Even those that knew about bitcoin in the early stage may likely invest using the DCA method, since they're not fully aware of it's potential in the future. Well as of last year alot of people figured out the good potential of bitcoin which is why they decided to start accumulating bitcoin as much as they can, when other people was seriously doubting, I think those set of people are the ones regretting of not taken advantage during the early stage. If it were possible i think most guys would have loved to reverse everything to start from the beginning so as to enable them make some correction, but this isn't going to be possible as time wait for no body.

[POPOLUV]

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

The early phase of 2023 is the phase where the Bitcoin market is still in very bad shape and can be considered the best point for anyone who dares to buy Bitcoin because at that time Bitcoin is still quite close to the price of $15K or around $16K which means that it is a super decent price level for anyone to take advantage of in terms of buying as much as they can. I will show you a picture through what I see on tradingview so that you can have a pretty clear comparison when you want to compare the price of Bitcoin in early 2023 with the price of Bitcoin this year. Because at the end of last year there were also many people who regretted not daring to buy Bitcoin at the beginning of 2023 and that will not happen again this year for Bitcoin.

The Bitcoin market is very volatile, you never know what will happen in the market. The market can fall at any time and the market can rise at any time. An investor should never look at the price. He should continue to buy continuously until he has accumulated a sufficient amount of Bitcoin in his portfolio. Hold it for the long term.

Sure saying, an investors should never put his mind or eyes on the fluctuation of Bitcoin because this is what an investors should have at tip of their figures that Bitcoin is volatile in nature and since so many investors has such knowledge about the fluctuation of Bitcoin, the major concern here should be the newbies, they should DCA strategy is there to help them recover their money no matter how volatile Bitcoin can in the market, so the major concern of all newbies should be buying Bitcoin providing that they have discretionary income and build up their Bitcoin portfolio.

[Ever-young]

Being conservative should only amount to the level of doubt that anyone is having within themselves about Bitcoin investment, the question about not investing aggressively with a large portion of money should be ascertain if the money is not discretionary whereas if the money is discretionary income then it shouldn't be a problem in my opinion. I want know more about the early 2023 phase of the market you are talking about, like what exactly are you talking about the market?

The early phase of 2023 is the phase where the Bitcoin market is still in very bad shape and can be considered the best point for anyone who dares to buy Bitcoin because at that time Bitcoin is still quite close to the price of $15K or around $16K which means that it is a super decent price level for anyone to take advantage of in terms of buying as much as they can. I will show you a picture through what I see on tradingview so that you can have a pretty clear comparison when you want to compare the price of Bitcoin in early 2023 with the price of Bitcoin this year. Because at the end of last year there were also many people who regretted not daring to buy Bitcoin at the beginning of 2023 and that will not happen again this year for Bitcoin.

The Bitcoin market is very volatile, you never know what will happen in the market. The market can fall at any time and the market can rise at any time. An investor should never look at the price. He should continue to buy continuously until he has accumulated a sufficient amount of Bitcoin in his portfolio. Hold it for the long term.

@Loyang, you don’t need to look at bitcoin price before you can buy bitcoin which is correct but their is not wrong in buying bitcoin at a discounted price I mean if you can run into the opportunity of buying bitcoin when the price is low you can take advantage of that and acquire higher volume of bitcoin using little allocation or reserve money, which is why some consider a particular point in time as the best time to buy bitcoin because it gives them opportunity to acquire it cheap and other time as a normal market time which you can do your random accumulation base on what you have to spend.