Buy the DIP, and HODL!

[POPOLUV]

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

I think this happens more to newbies. Maybe after getting an idea about Bitcoin, they think the current price is expensive after seeing the past price of Bitcoin. Actually, Bitcoin has never been expensive, Bitcoin has not been expensive in the past and Bitcoin is not expensive in the present either, because the price of Bitcoin will not remain stable here, but rather the price of Bitcoin will increase a lot over time. Now those who think Bitcoin is expensive should gain proper knowledge about Bitcoin, because if they do not have proper knowledge, they will not consider Bitcoin trustworthy. You have to invest in Bitcoin with trust and hold it.

Not only newbies have this mindset of not buying bitcoin at the bull run and say that's expensive. Even old forum members also have this mindset because they are more focused on buying and the bear market and sell at the bull run. Such people are only traders and will regret their actions in future when they will be left with very little bitcoin and miss out from the compounding value of their portfolio. They fail to understand that the bitcoin that you bought when the price was $17k in 2022, cannot be bought for such amount again after they sell it. You buy bitcoin for higher amount overtime because the price keeps on increasing overtime.

It's really a wrong mindset to be playing such a game with your bitcoin instead of just constantly continue buying ongoingly for 4-10 years and above for your future. This is why you need to have a long-term investment mindset in the beginning of your bitcoin investment and set a bitcoin target to accumulate.

I totally agree with you, when it comes to buying of Bitcoin, that it is not only newbies that has the mindset of not buying Bitcoin at the bull run, that it can be old members in the forum and it will very advisable if we eventually analyze the buying of Bitcoin in bull run to be on self discipline not by newbies refusing to buy Bitcoin because it can be an investors that has been in this forum that doesn't have self discipline and patience in building up their Bitcoin portfolio up to 4-10years, rather focusing their mindset in the market price because of the intention of trading  in a short term just to satisfied their curiosity of target of making quick money without them knowing that they are losing and wasting money that they could have be more profitable if actually their focus was based on accumulating in a longer term.

[ejikeme24]

I totally agree with you, when it comes to buying of Bitcoin, that it is not only newbies that has the mindset of not buying Bitcoin at the bull run, that it can be old members in the forum and it will very advisable if we eventually analyze the buying of Bitcoin in bull run to be on self discipline not by newbies refusing to buy Bitcoin because it can be an investors that has been in this forum that doesn't have self discipline and patience in building up their Bitcoin portfolio up to 4-10years, rather focusing their mindset in the market price because of the intention of trading  in a short term just to satisfied their curiosity of target of making quick money without them knowing that they are losing and wasting money that they could have be more profitable if actually their focus was based on accumulating in a longer term.

Is pretty obvious that some guys are just fucking around the Market should I say they're confuse or they're afriad to invest......I can't possibly say that they're afriad because bitcoin have proven to us that it still remains the best among others I believe no one will be doubting the future or the promises which he made because it has already fullfiled most of the promises and I believe there are more awaiting promises that is yet to come, those that keep giving excuses about getting started I wonder what they will say in the future. There is no specific time for bitcoin investment so long as you have a discretionary fund no matter how small it is if you maintain the ongoing buying of bitcoin using the DCA a day will come when you will be proud of yourself at same time being surprise to see that you have build a very large portfolio with that little amount you have been putting every week.

[laijsica]

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

I think this happens more to newbies. Maybe after getting an idea about Bitcoin, they think the current price is expensive after seeing the past price of Bitcoin. Actually, Bitcoin has never been expensive, Bitcoin has not been expensive in the past and Bitcoin is not expensive in the present either, because the price of Bitcoin will not remain stable here, but rather the price of Bitcoin will increase a lot over time. Now those who think Bitcoin is expensive should gain proper knowledge about Bitcoin, because if they do not have proper knowledge, they will not consider Bitcoin trustworthy. You have to invest in Bitcoin with trust and hold it.

Not only newbies have this mindset of not buying bitcoin at the bull run and say that's expensive. Even old forum members also have this mindset because they are more focused on buying and the bear market and sell at the bull run. Such people are only traders and will regret their actions in future when they will be left with very little bitcoin and miss out from the compounding value of their portfolio. They fail to understand that the bitcoin that you bought when the price was $17k in 2022, cannot be bought for such amount again after they sell it. You buy bitcoin for higher amount overtime because the price keeps on increasing overtime.

It's really a wrong mindset to be playing such a game with your bitcoin instead of just constantly continue buying ongoingly for 4-10 years and above for your future. This is why you need to have a long-term investment mindset in the beginning of your bitcoin investment and set a bitcoin target to accumulate.

I totally agree with you, when it comes to buying of Bitcoin, that it is not only newbies that has the mindset of not buying Bitcoin at the bull run, that it can be old members in the forum and it will very advisable if we eventually analyze the buying of Bitcoin in bull run to be on self discipline not by newbies refusing to buy Bitcoin because it can be an investors that has been in this forum that doesn't have self discipline and patience in building up their Bitcoin portfolio up to 4-10years, rather focusing their mindset in the market price because of the intention of trading  in a short term just to satisfied their curiosity of target of making quick money without them knowing that they are losing and wasting money that they could have be more profitable if actually their focus was based on accumulating in a longer term.

Their self-discipline would be sufficient if they were to invest in Bitcoin through discretionary income on a regular basis. I feel sorry for those investors who deliberately throw their hard-earned money into uncertainty for short-term small gains. Going through multiple cycles would have been good for those investors. If they could have maintained this self-awareness, they would have been more aggressive in the long term. The active members associated with the forum continue to gain more knowledge. I think most of them tend to show a long-term orientation and are much more careful about accumulating Bitcoin.

[JayJuanGee]

[edited out]

It's probably just greed, and a little feeling of FOMO when I read all of the bullish information being posted on X. Plus as a personal "rule", if I have more than six to seven months worth of monthly expenses saved, the rest I should invest. But everything I like, like Bitcoin and Gold, looks "expensive" now. The only strategy to do is DCA during the current market condition.

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

Surely, we have the idea of ongoingly investing into bitcoin and perhaps keeping up to 3 months of expenses in an emergency fund... So if you have money that is beyond 3 months of expenses, then I would consider them to be reserve funds, which means that you can use them for whatever you like, including for emergency purposes if you were to have an actual emergency situation come about.

So surely, if the main reason that you are holding an extra 3-4 months of cash is potentially buy dips with that extra, then that surely seems to be too much cash to be holding to for the purpose of buying dips that might not happen.  Of course if you had not been buying bitcoin for the past year or more, then of course, your cash reserves would be building up - and Many of us likely realize that even a guy who might be saving up 15% of his income, it may well take him a couple of years just to build up 3 months of his expenses in cash (since 3 months is 25% of a year.. which would mean that if a guy were to be holding back 25% of his income for emergency/reserve funds, it would still take him a whole year to get to 3 months).  Unless there is any particular reason to be holding such cash it seems to be problematic to be holding that much cash, since by the time you get to 6 months or more, your cash might be losing value nearly as fast as you are able to add to it.. which is part of the problem with ongoing debasement of the dollar and other fiat currencies..

[edited out]

It's not merely about "not having enough of Bitcoin". It's also because holding cash as savings would go down in value.

Yep.. Not a good position to put yourself in to be holding so much cash, even though when there is a dip in the BTC price, there can be some psychological pleasure to be able to have a decent amount of money to buy such dip, when it finally comes.

As you likely realize, ever since October 2023, we have ONLY had a couple of dips that were around 30% or more which would have had been the drop from $73k to $47.5k and the other drop from $109.3k to $74.4k .. .. .. I suspect that you have not bought since 2022-ish... so yeah, you have likely been building up your cash since early 2023... which I consider to be problematic... yet of course, guys will do what they are going to do.. .

By the way, a more core consideration is whether you have enough bitcoin or not... If you have enough bitcoin, then it really does not matter if you might be holding extra cash, yet if you still do not have enough bitcoin, then that remains the more fundamental question that should motivate you in regards to your cashflow management and how much cash you are holding in reserves.  You are likely making a mistake if you have already concluded that you don't have enough bitcoin, yet you are allowing your cash to build up because you are waiting for price dips that might not happen and even more problematic that you have likely been holding onto cash and allowing it to build up since around early 2023-ish... but hey, you do you... and hopefully others are not employing such strategies that seem to overly emphasize waiting rather than ongoingly buying bitcoin until you have enough or more than enough.. which is the most fundamental question..

Sure, Bitcoin was cheap a few years ago, and many people overlooked it because they didn't think it was worth their money to take the risks, but some had the opportunity to buy when it was around $10k or $20k. However, we can see rich people continue to buy more and more of it. And some people feel that Bitcoin can be challenging for them to buy. If we wait too long, the price will get higher, which will make it difficult for us to buy even a small. Some people who have yet to buy should understand that if they do not do it now, they may miss the opportunity, like some people lost it before 2020 and 2022. Many people expected the price to fall, but the price continued to increase.

It’s best to start now, even if it is just a small amount. We don't need to buy everything at once, you may buy a little when you have the money. It's just a matter of starting somewhere, because some people will not start at all, and the future may be more difficult. When Bitcoin becomes too expensive, we may not be able to buy it again. So, earlier is better, even if it is small, rather than waiting and regretting later.

That's why we must be able to use our minds well, because I'm sure people who think the current bitcoin price is expensive, don't think and don't analyze for the next 10 years. They only think for the short term, that's why they think that the current bitcoin price is expensive and they prefer to wait for the price to drop to make a purchase. Even though if they just learn a little about bitcoin, I'm sure they will also realize that the action of waiting for the price to drop is very inappropriate. But unfortunately there are still many people who are reluctant to think in that direction and only focus on the price of bitcoin which they consider expensive.

To be honest, I personally also regret very much for people who do not make the decision to invest at this time in bitcoin. Because I also used to be in a phase like them, which was just waiting for the price of bitcoin to drop. But after I find out little by little, it turns out that the action I did was wrong. Because when we invest in bitcoin, we will struggle with time. Because bitcoin is different from other assets, because bitcoin has a very fast price growth, so if you wait too much, it is certain that you will lose a lot of momentum. For this reason, there is such a thing as a DCA strategy, actually this strategy is very helpful to make us more consistent and directed.

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

Somehow guys have to get over their ideas about price and just consider buying bitcoin at any price for 4-10 years or longer, and then perhaps study bitcoin along the way, and maybe after a couple of years accumulating bitcoin they might start to get some better ideas about bitcoin.

Yes, generally speaking, making people aware of Bitcoin's potential and showing them how to properly utilize it is not easy. Because sometimes people's perceptions are difficult to change, even when presented with concrete evidence. In my opinion, Bitcoin has proven this decade to be a highly relevant investment asset worth buying at any price. For example, when Bitcoin hit a new all-time high in the previous bull cycle, around $68,000, many people were hesitant to accumulate at that price.

But those who did buy at that time certainly won't regret it now, as Bitcoin has now reached $120,000. So, if we learn from this incident, it's clear that buying Bitcoin now, at any price, if we hold it long-term, will likely yield a profit. So, what's there to be confused about when investing in Bitcoin? The problem is, not everyone's perception reaches that level.

Yep.. We largely don't know, and there may have been guys who started buying bitcoin at $64k in early 2021, and then the BTC price dipped into the $30ks for a while and ended up having a second top about $69k, so they might have had gotten upset when the BTC price dropped down to $20k and below, yet if they kept buying through that whole period, their bitocin holdings would be in pretty good shape right now.  We do not necessarily know where the BTC price is going in the short-term yet it seems guys have been doing pretty good who had been consistently buying 4 years or more, even though it is even better if they have been in bitcoin longer than 4 years.

I don't have the mindset of "invest what you can afford to loose" when it comes to Bitcoin investment, I believe that the phrase is best suited for gambling and shitcoins. It is investments that you're not sure of their ROI in the future that you can invest insignificant amounts so if the project dies you will only loose your insignificant amount.

You seem to believe that bitcoin investing is guaranteed.. which is a bad mindset... but hey you can do what you like and think the way you like, and hopefully you figure out a balance that works for you to invest in bitcoin and also to communicate about bitcoin investing in ways that does not screw up the way that others think about bitcoin investing.

As many times repeated here, the idea of don't invest more than you can afford to lose has to do with being emotionally able to tolerate large draw downs in the asset, including potentially going to zero, so you don't end up getting emotional about it and then selling on the way down because you start to worry about losing it.

In Bitcoin investment you can invest with lump sums or DCA method depending on your financial strength and budget allocation. Instead of investing what I can afford to loose in Bitcoin investment because I know that it's a store of value I'll rather invest with amount that I can conveniently afford for a valued asset not what I can loose. Amount that I can use to buy Bitcoin is gotten after I priotize my financial needs, not an insignificant amounts.

That perspective does not make a lot of sense, which largely signifies that you don't understand the idea of not investing more than you can afford to lose, and you seem to think that your bitcoin investment is guaranteed to be profitable.

Surely no investor is investing into bitcoin or any other investment with purposes of losing.  The same is true with traders.

Sure many of us do not consider bitcoin to be a trade, yet money management skills for traders and investors is not significantly different since both investing and trading funds come from discretionary funds and it should be related to money that we can afford to lose.. even though no one goes into investing and/or trading with intentions to lose, even though surely traders are tending to take more risks in the way they manage their trading funds as compared with investors who may well just build up their investment funds with the passage of time and with ongoing buying.

[edited out]

Sometimes we might want to think and conclude that we’ve a very good amount of bitcoin but equally we might also realize that we’ don’t have enough as we think considering what amount someone must have accumulated enough bitcoin in a short time interval, some folks it doesn’t take them a full circle to have enough bitcoin in their portfolio because they believe they can invest with lump sums and try to accumulate their bitcoin in a short while, and I also think that there are people who might not even accumulate enough bitcoin in one full circle because they might not be consistent with their accumulation or probably they must have been accumulating little by little and it will take like two circle to have enough bitcoin in their portfolio

Even if a person invests 10% of his income into bitcoin every year, it will take 10 years to invest 1 whole year's of income into bitcoin.

Surely some folks might be able to invest more aggressively, but it is not easy to accomplish, and there are so many people who don't even invest (or save) 10% of their income per year.. so it can take a lot of will power to increase beyond 10% - even if a person is able to.  There are some people who are not even able to invest that 10% amount because their discretionary income is not high enough.

So guys have to do what they can in terms of building up an investment portfolio, and yeah like you seem to be suggesting, there can be inconsistent income and/or expenses that contribute towards inabilities to continue to invest in bitcoin, so there is some needs to try to make bitcoin a priority and perhaps figuring out income and expenses to be able to try to consistently invest in bitcoin for as long as possible and to potentially even increase the level of aggressiveness.. even though sometimes there might frequently be more needs for normies to try to figure out ways to increase their discretionary income by increasing their income and/or cutting their expenses so that they have more discretionary income to work with when it comes to figuring out how much of that (how aggressive to be) in terms of allocating towards their ongoing investing into bitcoin.

By the way, you cited Wind_FURY, who is talking about having quite a bit of reserves (back up funds) built up, but choosing to keep that in cash, which to me seems to be a form of whimpiness, even though surely the level of aggressiveness is within the choice of each of us to figure out how we want to deal with our cash and how much to invest regularly versus how much to hold back for investing later for dips that might not happen.

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

I think this happens more to newbies. Maybe after getting an idea about Bitcoin, they think the current price is expensive after seeing the past price of Bitcoin. Actually, Bitcoin has never been expensive, Bitcoin has not been expensive in the past and Bitcoin is not expensive in the present either, because the price of Bitcoin will not remain stable here, but rather the price of Bitcoin will increase a lot over time. Now those who think Bitcoin is expensive should gain proper knowledge about Bitcoin, because if they do not have proper knowledge, they will not consider Bitcoin trustworthy. You have to invest in Bitcoin with trust and hold it.

Not only newbies have this mindset of not buying bitcoin at the bull run and say that's expensive. Even old forum members also have this mindset because they are more focused on buying and the bear market and sell at the bull run.
Such people are only traders and will regret their actions in future when they will be left with very little bitcoin and miss out from the compounding value of their portfolio.

Of course, it is a worse issue for longer term holders to sell too much bitcoin too soon because they are expecting to be able to buy bitcoin back cheaper than the price that they sold it.

Yet, the error does not have to go that far, since there are plenty of folks who might try to play the cycles in the way that they buy bitcoin too, and they think that they are outsmarting the market because they know about the cycles, so they figure that they will buy during the dips and just hold during the rips and just let their money stack up during such rip periods, yet they still likely end up with way too few bitcoin because they are not regularly buying, and surely many of us likely realize that if we can spend at least a whole cycle or maybe even a cycle and a half or two ongoingly buying bitcoin, then at some point, we will reach a level of bitcoin that we have enough.. even if we have not quite reached fuck you status yet.  It is difficult to imagine very many folks who are able to get to such status in less than a whole cycle unless they were able to front load their bitcoin investment, and even if they were able to front-load their bitcoin investment, they still might not have had been able to get close to enough bitcoin so that it makes sense for them to stop or slow down in their bitcoin accumualtion practices (through ongoing buying).

 They fail to understand that the bitcoin that you bought when the price was $17k in 2022, cannot be bought for such amount again after they sell it. You buy bitcoin for higher amount overtime because the price keeps on increasing overtime.

Of course these are good points, and there is a lot of value to the earlier accumulated coins even if they might have prices all over the place, and even in the last 4-5 years, if a guy had been buying bitcoin persistently, consistently, ongoingly, regularly and perhaps even aggressively, he then likely bought coins at all kinds of price levels, and sure some of the coins have way higher level of profits, yet at the same time, it is likely that the more important question is the ongoing accumulation of bitcoin rather than getting preoccupied by selling some coins and taking profits.. and then still not having enough coins.. so then why would a guy sell from one hand and then buy back with the other hand, because his current status is (or should be) ongoing accumulation and not fucking around with selling until he gets to a certain level, which could take more than a cycle or two in order to get to a level where any selling might start to make sense.

So he starts out with more strict accumulation through ongoing buying, and then after a cycle or so he might get to a point that he can start to slow down in his bitcoin accumulation and even allowing some time to pass before he might graduate to a place where some selling might start to make sense. which should be at a point that he had reached some kind of overaccumulation status..

It's really a wrong mindset to be playing such a game with your bitcoin instead of just constantly continue buying ongoingly for 4-10 years and above for your future. This is why you need to have a long-term investment mindset in the beginning of your bitcoin investment and set a bitcoin target to accumulate.

I have a hard time imagining very many guys who might be able to reach overaccumulation status in less than 4 years, and even a couple of cycles might be a challenge absent quite a bit of frontloading of the investment and perhaps even an investment rate that might be 15% to 25% of income and then maybe guys who are investing in a 25%-ish level might start to get to overaccumulation level after 6 years or more.

When we are referring to normal and regular people it tends to take longer, even for guys who might have abilities to invest into bitcoin at relatively aggressive levels without overdoing it and recking themselves.

[edited out]

You maybe correct but I still think it is not just about perception but rather the problem is starting and having the patient to hold for a long period of time. I won't be surprised if I heard those whom you said they bought Bitcoin around $68k sold their investment before this $120k all time high because some of them are scared that the next thing that will happen to the market is Dip which is normal and anyone who is holding for a long term should not think of Dip after they have already hold some fraction of Bitcoin instead they should be ready to take advantage whenever the price Dip because after the Dip the price will surge though it may not be immediately but surging after Dip is sacrosanct.

There is a certain value that come from holding through the ups and the downs, and even though the guy who bought at $68k cannot have any confidence about losing his 2x profits, he may well need to take a chill-pill and to ride out the situation for a couple of cycles.

Surely guys who have been buying regularly for around 4 years would now have an average cost per BTC that is around $50k, and surely there is a good feeling to have your BTC holdings in profits, yet there is also a good feeling to continue to allow the profits to grow even if they might have their ups and downs and there might even be periods that bitcoin holdings are in the red, yet it would not be common for a regular and consistent bitcoin buyer to have bitcoin in the red after he had been accumulating 4 years or more.  Anything can happen, so it is not guaranteed that we will be in profits after 4 years, but if we really commit to investing in bitcoin for 4-10 years or longer and if we are accumulating bitcoin for 4 years or more, then our earliest of coins would have had been purchased 4 years or more earlier, yet our latest purchases would still be in their journey of adding and building our bitcoin stack size.

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

Yes, that is true. Seen bitcoin expensive and lucky to seen and buy dip has turned some people into traders now because, as they were lucky enough to buy Bitcoin when the price dipped, they will try to be smart and sell it once they see the Bitcoin price increase a little. They try to time the market again, attempting to buy deep, but from there, it possible that the price of Bitcoin won't come down to the price they set to buy back and some people are down still not able to buy bitcoin back again as the price continue to be increasing. In fact, this is the idea that has made some investors unable to hold for the long term, because their mindset isn't clear regarding their Bitcoin investment. They think that Bitcoin will not go higher much again, as they have seen Bitcoin become so expensive. And that is a wrong thought, because it's very possible for Bitcoin to reach $500K in the future let me just predict the price a bit. But as for me, I know that Bitcoin will go higher than that.

Of course it is quite likely that with the passage of time, bitcoin prices will continue to go up, and there are going to be normal people (and even institutions and governments) buying bitcoin at $500k plus, $2 million plus, $10 million plus and other higher prices, because that is just the way a scarce monetary asset is likely to work... which seems to be how bitcoin is currently working and how bitcoin is likely going to continue to work.. and we just have to see it play out and to see that it takes time to work its way ongoingly to higher and higher prices with the passage of time, and many normies will continue to believe that they are too late.. yet little by little many of them will come to realize that they don't really haver a choice but to buy at whatever price rather than getting worried and/or worked up based on their perceptions of it being overly priced... which is going to largely mean that earlier adopters and earlier buyers are going to continue to be advantaged over the ones who wait.

[Tungbulu]

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

I think this happens more to newbies. Maybe after getting an idea about Bitcoin, they think the current price is expensive after seeing the past price of Bitcoin. Actually, Bitcoin has never been expensive, Bitcoin has not been expensive in the past and Bitcoin is not expensive in the present either, because the price of Bitcoin will not remain stable here, but rather the price of Bitcoin will increase a lot over time. Now those who think Bitcoin is expensive should gain proper knowledge about Bitcoin, because if they do not have proper knowledge, they will not consider Bitcoin trustworthy. You have to invest in Bitcoin with trust and hold it.

Not only newbies have this mindset of not buying bitcoin at the bull run and say that's expensive. Even old forum members also have this mindset because they are more focused on buying and the bear market and sell at the bull run.
Such people are only traders and will regret their actions in future when they will be left with very little bitcoin and miss out from the compounding value of their portfolio.

Of course, it is a worse issue for longer term holders to sell too much bitcoin too soon because they are expecting to be able to buy bitcoin back cheaper than the price that they sold it.

Yet, the error does not have to go that far, since there are plenty of folks who might try to play the cycles in the way that they buy bitcoin too, and they think that they are outsmarting the market because they know about the cycles, so they figure that they will buy during the dips and just hold during the rips and just let their money stack up during such rip periods, yet they still likely end up with way too few bitcoin because they are not regularly buying, and surely many of us likely realize that if we can spend at least a whole cycle or maybe even a cycle and a half or two ongoingly buying bitcoin, then at some point, we will reach a level of bitcoin that we have enough.. even if we have not quite reached fuck you status yet.  It is difficult to imagine very many folks who are able to get to such status in less than a whole cycle unless they were able to front load their bitcoin investment, and even if they were able to front-load their bitcoin investment, they still might not have had been able to get close to enough bitcoin so that it makes sense for them to stop or slow down in their bitcoin accumualtion practices (through ongoing buying).

 They fail to understand that the bitcoin that you bought when the price was $17k in 2022, cannot be bought for such amount again after they sell it. You buy bitcoin for higher amount overtime because the price keeps on increasing overtime.

Of course these are good points, and there is a lot of value to the earlier accumulated coins even if they might have prices all over the place, and even in the last 4-5 years, if a guy had been buying bitcoin persistently, consistently, ongoingly, regularly and perhaps even aggressively, he then likely bought coins at all kinds of price levels, and sure some of the coins have way higher level of profits, yet at the same time, it is likely that the more important question is the ongoing accumulation of bitcoin rather than getting preoccupied by selling some coins and taking profits.. and then still not having enough coins.. so then why would a guy sell from one hand and then buy back with the other hand, because his current status is (or should be) ongoing accumulation and not fucking around with selling until he gets to a certain level, which could take more than a cycle or two in order to get to a level where any selling might start to make sense.

So he starts out with more strict accumulation through ongoing buying, and then after a cycle or so he might get to a point that he can start to slow down in his bitcoin accumulation and even allowing some time to pass before he might graduate to a place where some selling might start to make sense. which should be at a point that he had reached some kind of overaccumulation status..

You're right that it can be very very challenging to attempt timing the market and trying to outsmart the cycles. I know a lot of folks who actually think they can buy low and hold during the highs, but this approach is even more difficult than it sounds and can be pretty tough to execute perfectly. A more reliable way to accumulate a sizable amount of Bitcoin remains to prioritize and engaging in consistently accumulating Bitcoin over a whole cycle or even more.

The idea of reaching a state of overaccumulation can be quite interesting. It's not just about stacking up a particular amount or number if Bitcoin somewhere, but also more about having that feeling that you're financially secure and also have a good amount of confidence in your investment strategy. For most investors, it's a long term process that requires a lot discipline, patience and of course resilience.

About deciding to front load one's investment, yeah, to an extent it can certainly give folks a pretty great head start, but this doesn't in anyways guarantee that they'll reach financial independence or reach a fuck you status. Even with a sizable chunk of Bitcoin, it's still important to prioritize consistent buying and an effective financial management in order to achieve one's long term management goals.

One very unique  perspective about this whole process is that it's not really about how much amount of Bitcoin you've managed to stack up, but mostly about the financial habit and discipline you've managed to develop along the way as you accumulate. Through consistent investing and learning, you'll be able to build quite a solid foundation for financial stability, security and success, irrespective of the temporary fluctuations of the market.

[Wind_FURY]

[edited out]

It's probably just greed, and a little feeling of FOMO when I read all of the bullish information being posted on X. Plus as a personal "rule", if I have more than six to seven months worth of monthly expenses saved, the rest I should invest. But everything I like, like Bitcoin and Gold, looks "expensive" now. The only strategy to do is DCA during the current market condition.

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.

Personally, I have a small investment, which I may add more if the price DIPs.

Surely, we have the idea of ongoingly investing into bitcoin and perhaps keeping up to 3 months of expenses in an emergency fund... So if you have money that is beyond 3 months of expenses, then I would consider them to be reserve funds, which means that you can use them for whatever you like, including for emergency purposes if you were to have an actual emergency situation come about.

So surely, if the main reason that you are holding an extra 3-4 months of cash is potentially buy dips with that extra, then that surely seems to be too much cash to be holding to for the purpose of buying dips that might not happen

.  Of course if you had not been buying bitcoin for the past year or more, then of course, your cash reserves would be building up - and Many of us likely realize that even a guy who might be saving up 15% of his income, it may well take him a couple of years just to build up 3 months of his expenses in cash (since 3 months is 25% of a year.. which would mean that if a guy were to be holding back 25% of his income for emergency/reserve funds, it would still take him a whole year to get to 3 months).  Unless there is any particular reason to be holding such cash it seems to be problematic to be holding that much cash, since by the time you get to 6 months or more, your cash might be losing value nearly as fast as you are able to add to it.. which is part of the problem with ongoing debasement of the dollar and other fiat currencies..

OR the DIP will happen, but it wouldn't be as low as the current price. That's probably why DCA using small amounts of capital relative to the total + having the rest ready to Buy the DIP in case it crashes would be a more effective strategy during the current market condition.

[edited out]

It's not merely about "not having enough of Bitcoin". It's also because holding cash as savings would go down in value.

Yep.. Not a good position to put yourself in to be holding so much cash, even though when there is a dip in the BTC price, there can be some psychological pleasure to be able to have a decent amount of money to buy such dip, when it finally comes.

As you likely realize, ever since October 2023, we have ONLY had a couple of dips that were around 30% or more which would have had been the drop from $73k to $47.5k and the other drop from $109.3k to $74.4k .. .. .. I suspect that you have not bought since 2022-ish... so yeah, you have likely been building up your cash since early 2023... which I consider to be problematic... yet of course, guys will do what they are going to do.. .

By the way, a more core consideration is whether you have enough bitcoin or not... If you have enough bitcoin, then it really does not matter if you might be holding extra cash, yet if you still do not have enough bitcoin, then that remains the more fundamental question that should motivate you in regards to your cashflow management and how much cash you are holding in reserves.  You are likely making a mistake if you have already concluded that you don't have enough bitcoin, yet you are allowing your cash to build up because you are waiting for price dips that might not happen and even more problematic that you have likely been holding onto cash and allowing it to build up since around early 2023-ish... but hey, you do you... and hopefully others are not employing such strategies that seem to overly emphasize waiting rather than ongoingly buying bitcoin until you have enough or more than enough.. which is the most fundamental question..

I may feel that I have enough Bitcoin, but I know that keeping my savings in cash would bear an opportunity cost + inflation risk.

[Samlucky O]

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.

Personally, I have a small investment, which I may add more if the price DIPs.

surely gold is another hedge against inflation with low volatility but may not come close to bitcoin in advantage. for me i dont see any reason of taken gold as a consideration when we have the digital gold that is more important, many guys are even selling gold to buy bitcoin knowing the potential of bitcoin in the long run. well its your decision to buy some portion of gold and i cant question you. the only thing is that it is better than saving in fiat especially if you want to diversify.

even if central bank buy gold does not make it as important as bitcoin. central bank are just afraid of bitcoin high volatility and also because bitcoin is a decentralized currency that the price can not be manipulated that's why they go for a more stable or less volatile asset like gold. the profit made buy bank by investing on gold since 2020 can not come close to the profit made by MicroStrategy that buys bitcoin all the time, and other large organization.

[sotelorene]

I totally agree with you, when it comes to buying of Bitcoin, that it is not only newbies that has the mindset of not buying Bitcoin at the bull run, that it can be old members in the forum and it will very advisable if we eventually analyze the buying of Bitcoin in bull run to be on self discipline not by newbies refusing to buy Bitcoin because it can be an investors that has been in this forum that doesn't have self discipline and patience in building up their Bitcoin portfolio up to 4-10years, rather focusing their mindset in the market price because of the intention of trading  in a short term just to satisfied their curiosity of target of making quick money without them knowing that they are losing and wasting money that they could have be more profitable if actually their focus was based on accumulating in a longer term.

Is pretty obvious that some guys are just fucking around the Market should I say they're confuse or they're afriad to invest......I can't possibly say that they're afriad because bitcoin have proven to us that it still remains the best among others I believe no one will be doubting the future or the promises which he made because it has already fullfiled most of the promises and I believe there are more awaiting promises that is yet to come, those that keep giving excuses about getting started I wonder what they will say in the future. There is no specific time for bitcoin investment so long as you have a discretionary fund no matter how small it is if you maintain the ongoing buying of bitcoin using the DCA a day will come when you will be proud of yourself at same time being surprise to see that you have build a very large portfolio with that little amount you have been putting every week.

When you said promise dude, it is as if we had a discussion with Bitcoin which off course we didn't do that I believe Bitcoin has been able to proven it is a reliable and undisputed asset because of the team I mean the team is really determine also what makes coin grow and have value sometimes is the community, Bitcoin has a lot of holders and you can imagine Nations and institutions investing the reason for this is very simple, because Bitcoin is reliable and it value can be recognized and see in the future, the Nations and the institutions that are investing in Bitcoin are not in haste to make quick profit that is why they will have a good harvest ( return) when it is due.

[JayJuanGee]

[edited out]

You're right that it can be very very challenging to attempt timing the market and trying to outsmart the cycles. I know a lot of folks who actually think they can buy low and hold during the highs, but this approach is even more difficult than it sounds and can be pretty tough to execute perfectly. A more reliable way to accumulate a sizable amount of Bitcoin remains to prioritize and engaging in consistently accumulating Bitcoin over a whole cycle or even more.

When we are in the midst of building our bitcoin holdings it can be difficult to know if we are doing the right thing or not, and you can imagine that poor people are likely not used to accumulating so much wealth, and so they might already start to conclude that they have enough or more than enough bitcoin and they have not even hardly accumulated 25% of their annual income into bicoin, yet it still seems like a lot of money for them to have so much in one place, and they are not used to having had accumulated so much wealth in their whole life, and it is ONLY 25% of their annual income, and maybe it took them 2 or 3 years to get to that level and they feel really rich.. even though it would likely be better for them to keep accumulating until they have invested a whole year or more in to bitcoin.. .and no I cannot really determine for someone else how much is enough or more than enough.

I do know that my standards are different right now as compared to what they had been in 2014 and 2015 when I was starting to come to the conclusion that I had accumulated enough or more than enough bitcoin.

The idea of reaching a state of overaccumulation can be quite interesting. It's not just about stacking up a particular amount or number if Bitcoin somewhere, but also more about having that feeling that you're financially secure and also have a good amount of confidence in your investment strategy. For most investors, it's a long term process that requires a lot discipline, patience and of course resilience.

When we  are coming to such a conclusion about over accumulation status then we have to likely consider all of our personal factors.. and surely each of them are important in regards to figuring out how we might move from accumulation status to maintenance status and then to some kind of a sustainable withdrawal status, and I doubt that it makes sense to move straight from one to another without some customization... even though there are some people who seem to accumulate bitcoin for many years and then just sell it all. .which seems to be an example of selling too much too soon, since there don't seem to be many cases that it would be justified to complete get out of bitcoin, even if there might be some justification to start to sell some of the BTC.

About deciding to front load one's investment, yeah, to an extent it can certainly give folks a pretty great head start, but this doesn't in anyways guarantee that they'll reach financial independence or reach a fuck you status. Even with a sizable chunk of Bitcoin, it's still important to prioritize consistent buying and an effective financial management in order to achieve one's long term management goals.

I agree with you since if we start to talk about people who have enough money to invest a year or two of their expenses into bitcoin  (which would be a pretty strong start), there does seem to be some value to continue to periodicalloy buy more bitcion through a whole cycle, yet there are some folks who prefer to engage in lump sum buying and even maybe combining that with buying on the dip, if they are able to.. It is not really a good recommended strategy, yet if someone were to front load with one or two years of their expenses into bitcoin right from the start, then they might feel that they ONLY want to add more to their bitcoin if the price  either dips after they had already bought or if it were to dip at some later point, even if it does not dip below their original purchase price.

I do think that there is some value to consistently buying for 4 years and then perhaps starting to have average bitcoin buy prices that are starting to go below the 200-WMA.. There is some good feeling to be able to achieve that with ongoing bitcoin accumulation and even getting through a whole bitcoin cycle.

One very unique  perspective about this whole process is that it's not really about how much amount of Bitcoin you've managed to stack up, but mostly about the financial habit and discipline you've managed to develop along the way as you accumulate. Through consistent investing and learning, you'll be able to build quite a solid foundation for financial stability, security and success, irrespective of the temporary fluctuations of the market.

Like you suggest, it is probably a good thing for a guy to learn about bitcoin as he invests into it and then to build his bitcoin position through various purchases, whether they were front loaded in the beginning or even if they might have had been DCA's for a whole cycle or more... Yet it is still difficult to prescribe what another person should do, since they should be working towards investing in accordance with their own personal factors.   

[edited out]

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.

Personally, I have a small investment, which I may add more if the price DIPs.

Fuck gold... and yeah of course, you can do whatever thing you want, even dumb shit.

[edited out]

I may feel that I have enough Bitcoin, but I know that keeping my savings in cash would bear an opportunity cost + inflation risk.

I am not sure if that makes sense.  Either you have enough bitcoin or you don't.  Of course, if you are still earning an income and you have extra income you have to figure out where to put such income and if you are not spending it all, then sure you could buy more bitcoin with it or buy other stuff, yet if you have reached a status of having enough bitcoin then there is no need to buy more. it is kind of optional. .and I am pretty sure that there were times that I was buying more bitcoin because there was ONLY so much cash that I was willing to keep.. but that could also be relative to your bitcoin stash, so if you were to have several times your income in bitcoin, then sometimes it might be optional whether to put more into bitcoin, yet if you were to have 20 to 30 years or more of your income in bitcoin, then it might be even less necessary to put more income into bitcoin..... and of course, it makes a difference if you are valuating your bitcoin in regards to how much you put in or perhaps according to the 200-WMA valuation or alternatively in accordance with the BTC spot price, and of course the spot price is moving around a lot more than the 200-WMA.. which I tend to like the 200-WMA since it does not move around so much.. .even though if I were to buy or sell any bitcoin I am having to do it at current BTC spot prices.

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.
Personally, I have a small investment, which I may add more if the price DIPs.

surely gold is another hedge against inflation with low volatility but may not come close to bitcoin in advantage. for me i dont see any reason of taken gold as a consideration when we have the digital gold that is more important, many guys are even selling gold to buy bitcoin knowing the potential of bitcoin in the long run. well its your decision to buy some portion of gold and i cant question you. the only thing is that it is better than saving in fiat especially if you want to diversify.

even if central bank buy gold does not make it as important as bitcoin. central bank are just afraid of bitcoin high volatility and also because bitcoin is a decentralized currency that the price can not be manipulated that's why they go for a more stable or less volatile asset like gold. the profit made buy bank by investing on gold since 2020 can not come close to the profit made by MicroStrategy that buys bitcoin all the time, and other large organization.

Persons, institutions, governments and/or banks holding gold for the past 16 years have been getting their lunches eaten by bitcoin and they are likely to continue to get their lunches eaten by bitcoin.. so they an stick with the inferior asset (namely gold) or transition into bitcoin, including hopefully not holding any more than 10% of the value of their bitcoin in gold, and perhaps even 10% is too much... but yeah, they can do what they like, even dumb shit.

[Tonimez]

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

Yes, that is true. Seen bitcoin expensive and lucky to seen and buy dip has turned some people into traders now because, as they were lucky enough to buy Bitcoin when the price dipped, they will try to be smart and sell it once they see the Bitcoin price increase a little. They try to time the market again, attempting to buy deep, but from there, it possible that the price of Bitcoin won't come down to the price they set to buy back and some people are down still not able to buy bitcoin back again as the price continue to be increasing. In fact, this is the idea that has made some investors unable to hold for the long term, because their mindset isn't clear regarding their Bitcoin investment. They think that Bitcoin will not go higher much again, as they have seen Bitcoin become so expensive. And that is a wrong thought, because it's very possible for Bitcoin to reach $500K in the future let me just predict the price a bit. But as for me, I know that Bitcoin will go higher than that.

Majority of bitcoin merchants who wait and buy strictly on dips are bitcoin traders that disguise as holders maybe because of unfavorable market which lingered a little there by making them hold further. A bitcoin investor who aims at long-term holding and also having an over accumulation target will not wait for dips. They utilise every moment of available discretionary income to acquire more bitcoin and they have a working DCA strategy for continuous accumulation.

Buying the Dip to sell when a person feels the market is favourable can easily Keep you completely out of bitcoin investment when it gives you the options of either buying back at higher prices or quitting bitcoin investment completely. It is not wise to see the Dip as the only time to invest because you seem to take all your decisions on FOMO basis which would land you into regrets later.

People who consider bitcoin to be too expensive don't understand bitcoin, and even if they end up buying on the dip, they will end up selling way too much too soon.

I think this happens more to newbies. Maybe after getting an idea about Bitcoin, they think the current price is expensive after seeing the past price of Bitcoin. Actually, Bitcoin has never been expensive, Bitcoin has not been expensive in the past and Bitcoin is not expensive in the present either, because the price of Bitcoin will not remain stable here, but rather the price of Bitcoin will increase a lot over time. Now those who think Bitcoin is expensive should gain proper knowledge about Bitcoin, because if they do not have proper knowledge, they will not consider Bitcoin trustworthy. You have to invest in Bitcoin with trust and hold it.

Not only newbies have this mindset of not buying bitcoin at the bull run and say that's expensive. Even old forum members also have this mindset because they are more focused on buying and the bear market and sell at the bull run. Such people are only traders and will regret their actions in future when they will be left with very little bitcoin and miss out from the compounding value of their portfolio. They fail to understand that the bitcoin that you bought when the price was $17k in 2022, cannot be bought for such amount again after they sell it. You buy bitcoin for higher amount overtime because the price keeps on increasing overtime.

It's really a wrong mindset to be playing such a game with your bitcoin instead of just constantly continue buying ongoingly for 4-10 years and above for your future. This is why you need to have a long-term investment mindset in the beginning of your bitcoin investment and set a bitcoin target to accumulate.

I totally agree with you, when it comes to buying of Bitcoin, that it is not only newbies that has the mindset of not buying Bitcoin at the bull run, that it can be old members in the forum and it will very advisable if we eventually analyze the buying of Bitcoin in bull run to be on self discipline not by newbies refusing to buy Bitcoin because it can be an investors that has been in this forum that doesn't have self discipline and patience in building up their Bitcoin portfolio up to 4-10years, rather focusing their mindset in the market price because of the intention of trading  in a short term just to satisfied their curiosity of target of making quick money without them knowing that they are losing and wasting money that they could have be more profitable if actually their focus was based on accumulating in a longer term.

Newbies were introduced by old members and they receive guidance from them. When an old forum member who doesn't have the mindset of buying to hold introduces a newbie to the forum, he leaves the newbie with a conflicting opinion like; "It is good if you can be buying bitcoin to hold for a very long time at least 4 to 10 years but for me, I do target dip and sell shortly when there's price increase". This automatically affects the thinking pattern of the newbie who now sees dip as the best buy-time while also looking up to good market period to sell off immediately believing he would also make profits.

Changing the narrative of newbies would start with changing the narrative of old members because a Bitcoin Trader recruits more bitcoin traders while a bitcoin investor tries everything possible to recruit more bitcoin investors. Dips don't happen always neither does it announce it's about to happen. This means that a person may wait until eternity without seeing his choice of dip happen or it may happen when he has no money to acquire bitcoin which may lead him into borrowing to invest or investing with emergency funds which is not a good option and exposes his bitcoin to premature sales.

Sure, Bitcoin was cheap a few years ago, and many people overlooked it because they didn't think it was worth their money to take the risks, but some had the opportunity to buy when it was around $10k or $20k. However, we can see rich people continue to buy more and more of it. And some people feel that Bitcoin can be challenging for them to buy. If we wait too long, the price will get higher, which will make it difficult for us to buy even a small. Some people who have yet to buy should understand that if they do not do it now, they may miss the opportunity, like some people lost it before 2020 and 2022. Many people expected the price to fall, but the price continued to increase.

It’s best to start now, even if it is just a small amount. We don't need to buy everything at once, you may buy a little when you have the money. It's just a matter of starting somewhere, because some people will not start at all, and the future may be more difficult. When Bitcoin becomes too expensive, we may not be able to buy it again. So, earlier is better, even if it is small, rather than waiting and regretting later.

Everyone who was involved in such decisive mistakes now stand to regret why they did so of which even many of us fell to that level too. Sometimes we play too safe and loose at the end. Most people who knew about bitcoin earlier thought it was all scam while others feared the stigmatisation from the government who tried to fight it. So you may not right blame anyone who didn't invest earlier before now. We're only getting much involved now because we have seen that even governments are gradually drawing to the side of bitcoin and even making plans to hold some bitcoin reserves. Some chances we miss are humans but realising our mistakes makes us smart too.

[edited out]

It's probably just greed, and a little feeling of FOMO when I read all of the bullish information being posted on X. Plus as a personal "rule", if I have more than six to seven months worth of monthly expenses saved, the rest I should invest. But everything I like, like Bitcoin and Gold, looks "expensive" now. The only strategy to do is DCA during the current market condition.

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

Surely, we have the idea of ongoingly investing into bitcoin and perhaps keeping up to 3 months of expenses in an emergency fund... So if you have money that is beyond 3 months of expenses, then I would consider them to be reserve funds, which means that you can use them for whatever you like, including for emergency purposes if you were to have an actual emergency situation come about.

Talking about leaving 10 percent of your bitcoin in gold is a good idea but then do you also consider your stage of accumulation? Some beginners don't have patience to achieve an over accumulation in bitcoin investment before planning for diversification which gold would be a good option to go into with your 10% bitcoin investment, instead they tend to invest alongside gold which also stresses their finances. Again, having 3 months of your income as emergency funds alone may not be the best option as everyone's income differ largely but everyone is exposed to nearly equal emergency situation which is why continuous accumulation of emergency funds is also advised especially for low income Earners. A person who earns $150 monthly has low emergency strength compared to a person that earns $800 monthly. So this 3 months income emergency funds is not to be fixed. Reserved funds which also serves as backup funds when in excess can be introduced into bitcoin at DIPs while maintaining your DCA approach continuously.

So surely, if the main reason that you are holding an extra 3-4 months of cash is potentially buy dips with that extra, then that surely seems to be too much cash to be holding to for the purpose of buying dips that might not happen.

Yea sure, dips don't happen always neither does it happen at our own time. So holding up such amount of money would just expose the money to inflation without any return. Holding up to 3 to 4 months of income is such high to play around with.

 Of course if you had not been buying bitcoin for the past year or more, then of course, your cash reserves would be building up - and Many of us likely realize that even a guy who might be saving up 15% of his income, it may well take him a couple of years just to build up 3 months of his expenses in cash (since 3 months is 25% of a year.. which would mean that if a guy were to be holding back 25% of his income for emergency/reserve funds, it would still take him a whole year to get to 3 months).  Unless there is any particular reason to be holding such cash it seems to be problematic to be holding that much cash, since by the time you get to 6 months or more, your cash might be losing value nearly as fast as you are able to add to it.. which is part of the problem with ongoing debasement of the dollar and other fiat currencies..

You're very correct sir. The rate of devaluation amount the local fiats is becoming alarming and stalling up fiats could just be a waste of time and resources. It use to be other fiats to dollar until dollar got a digital contender which is the bitcoin. I remember years back when in my locale, our best investment comes in buying dollars to hold as our fiat kept loosing value to dollar. This has been overtaken by bitcoin which now exposed the weakness of dollar as other fiat currencies. Should we save up dollars, even if it gains among other local currencies, it would surely loose against bitcoin and this is one big advantage of bitcoin over all of them.

[Bitcoinsummoner]

So we expect the price of Bitcoin to exceed $1 million in the future, so do not focus on the price but focus on accumulating Bitcoin. The more Bitcoin you accumulate now, the more profit you will make in the future. Many countries have started to hold reserves in Bitcoin, and world-famous companies have started to invest in Bitcoin, so Bitcoin will become more valuable in the future.

A Bitcoin holder must look to the future, not to the current price of Bitcoin. We have seen Bitcoin in the past and the present. The current state of Bitcoin is characteristic of Bitcoin. I was first introduced to Bitcoin when the price of Bitcoin was $230. The price of that Bitcoin has now exceeded $123K. Can you imagine? If today's price $119K. I think it will be up soon. So Bitcoin's goal of one million dollars will be achieved. So those of you who want to hold Bitcoin. Look to the future, not to the current price of Bitcoin. Now, most countries in the world are trying to keep Bitcoin in their reserves. It is the future that the more Bitcoin a country can hold, the more prosperous that country will be.

[As-Soon-As]

So we expect the price of Bitcoin to exceed $1 million in the future, so do not focus on the price but focus on accumulating Bitcoin. The more Bitcoin you accumulate now, the more profit you will make in the future. Many countries have started to hold reserves in Bitcoin, and world-famous companies have started to invest in Bitcoin, so Bitcoin will become more valuable in the future.

A Bitcoin holder must look to the future, not to the current price of Bitcoin. We have seen Bitcoin in the past and the present. The current state of Bitcoin is characteristic of Bitcoin. I was first introduced to Bitcoin when the price of Bitcoin was $230. The price of that Bitcoin has now exceeded $123K. Can you imagine? If today's price $119K. I think it will be up soon. So Bitcoin's goal of one million dollars will be achieved. So those of you who want to hold Bitcoin. Look to the future, not to the current price of Bitcoin. Now, most countries in the world are trying to keep Bitcoin in their reserves. It is the future that the more Bitcoin a country can hold, the more prosperous that country will be.

In this case, I want to say that it is most important for those who are still away from Bitcoin investment to get involved in Bitcoin investment. Because any country has the ability to reserve Bitcoin and they are going to participate in Bitcoin investment for a long time, but this DCA method is for both rich and poor investors. According to the DCA method, it is possible for a low-income person to invest in Bitcoin and keep it for a long time, but he can hold Bitcoin according to the wishes of the weekly and monthly holder.
Success is guaranteed if you hold Bitcoin in the future, as time goes by, the demand for Bitcoin investment is increasing greatly and many countries, including various treasury companies, various individuals are expressing interest in Bitcoin investment and holding Bitcoin.

[Bd officer]

A Bitcoin holder must look to the future, not to the current price of Bitcoin.

You are right, those who want to invest in Bitcoin should always look to the future, focusing on the past will not get any benefit, it is always wise to focus on the future. Now we know that the future of Bitcoin is bright, Bitcoin has good prospects in the future. The supply of Bitcoin is limited to 21 million, the demand for Bitcoin will continue to increase in the future and the price of Bitcoin will gradually increase more than people imagine. So you have to invest in the hope of getting good returns in the future, you have to plan to hold for at least 1 cycle or 2 cycles. If someone invests in the hope of short-term profit, then instead of profit, you may face loss. So you always have to plan for the long term. And looking at the price will not make a profit, it is not that you have to buy a whole Bitcoin, you can buy according to your ability in the DCA method. If you slowly deposit Bitcoin in the DCA method, then over time the amount of your investment will be very huge.

[Nightwatchmare]

The most important thing is to start consistently, not the amount of Bitcoin. To start any investment, you should first have money, sufficient knowledge, or absolutely perfect market conditions.

You don't need to understand everything about Bitcoin before you invest in Bitcoin, and you don't need to start your investment in absolutely perfect market conditions because Bitcoin is highly volatile, and you don't know when the market will be favourable for you to start your Bitcoin investment. If you have a source of income that guarantees you discretionary income, you can adopt the DCA strategy and start your bitcoin investment weekly or monthly based on the one that is convenient for you, and you need to set aside your backup funds or emergency funds. In case you have any emergency you didn't plan for, you can depend on your backup funds or emergency funds to solve your emergency, and it will not influence you to sell your bitcoin.

[Barikui1]

The most important thing is to start consistently, not the amount of Bitcoin. To start any investment, you should first have money, sufficient knowledge, or absolutely perfect market conditions.

You don't need to understand everything about Bitcoin before you invest in Bitcoin, and you don't need to start your investment in absolutely perfect market conditions because Bitcoin is highly volatile, and you don't know when the market will be favourable for you to start your Bitcoin investment. If you have a source of income that guarantees you discretionary income, you can adopt the DCA strategy and start your bitcoin investment weekly or monthly based on the one that is convenient for you, and you need to set aside your backup funds or emergency funds. In case you have any emergency you didn't plan for, you can depend on your backup funds or emergency funds to solve your emergency, and it will not influence you to sell your bitcoin.

It looks like you are confusing an emergency funds and backup funds as the same, no they are not bro, they are both instrumental to the security and growth of your Bitcoin holdings, but they didn't have the same functions.
An emergency funds is the money set aside to handle real life emergencies that threatens your Bitcoin holdings, or in other words you can say that it stands as the last layer of protection to your Bitcoin investment. You don't temper with it unless their is a real life emergency situation that threatens your Bitcoin holdings, unlike a backup funds. While a backup funds is money set's aside that can be used to service your other minor needs that is not part of your basic needs, but are very important, it can also be used to buy aggressively during the dip, so a backup fund and an emergency funds are not the same bro.

[Derekfunds]

The most important thing is to start consistently, not the amount of Bitcoin. To start any investment, you should first have money, sufficient knowledge, or absolutely perfect market conditions.

You don't need to understand everything about Bitcoin before you invest in Bitcoin, and you don't need to start your investment in absolutely perfect market conditions because Bitcoin is highly volatile, and you don't know when the market will be favourable for you to start your Bitcoin investment. If you have a source of income that guarantees you discretionary income, you can adopt the DCA strategy and start your bitcoin investment weekly or monthly based on the one that is convenient for you, and you need to set aside your backup funds or emergency funds. In case you have any emergency you didn't plan for, you can depend on your backup funds or emergency funds to solve your emergency, and it will not influence you to sell your bitcoin.

The only time we can say there is an absolutely perfect market condition is when there is Dip else there is nothing of such especially for an Investor because their target is always long term investment and so using the word absolutely perfect market condition seems like a trading term because as an investor you don't really need this because the dollar cost averaging is always there to buy at any time regardless of the market condition. And don't complicate or mistake back up funds to emergency funds because they both have different task even though they are both used to solve problems but the problems they solve differs.

[Regardme]

[edited out]

You're right that it can be very very challenging to attempt timing the market and trying to outsmart the cycles. I know a lot of folks who actually think they can buy low and hold during the highs, but this approach is even more difficult than it sounds and can be pretty tough to execute perfectly. A more reliable way to accumulate a sizable amount of Bitcoin remains to prioritize and engaging in consistently accumulating Bitcoin over a whole cycle or even more.

When we are in the midst of building our bitcoin holdings it can be difficult to know if we are doing the right thing or not, and you can imagine that poor people are likely not used to accumulating so much wealth, and so they might already start to conclude that they have enough or more than enough bitcoin and they have not even hardly accumulated 25% of their annual income into bicoin, yet it still seems like a lot of money for them to have so much in one place, and they are not used to having had accumulated so much wealth in their whole life, and it is ONLY 25% of their annual income, and maybe it took them 2 or 3 years to get to that level and they feel really rich.. even though it would likely be better for them to keep accumulating until they have invested a whole year or more in to bitcoin.. .and no I cannot really determine for someone else how much is enough or more than enough.

I do know that my standards are different right now as compared to what they had been in 2014 and 2015 when I was starting to come to the conclusion that I had accumulated enough or more than enough bitcoin.

The idea of reaching a state of overaccumulation can be quite interesting. It's not just about stacking up a particular amount or number if Bitcoin somewhere, but also more about having that feeling that you're financially secure and also have a good amount of confidence in your investment strategy. For most investors, it's a long term process that requires a lot discipline, patience and of course resilience.

When we  are coming to such a conclusion about over accumulation status then we have to likely consider all of our personal factors.. and surely each of them are important in regards to figuring out how we might move from accumulation status to maintenance status and then to some kind of a sustainable withdrawal status, and I doubt that it makes sense to move straight from one to another without some customization... even though there are some people who seem to accumulate bitcoin for many years and then just sell it all. .which seems to be an example of selling too much too soon, since there don't seem to be many cases that it would be justified to complete get out of bitcoin, even if there might be some justification to start to sell some of the BTC.

About deciding to front load one's investment, yeah, to an extent it can certainly give folks a pretty great head start, but this doesn't in anyways guarantee that they'll reach financial independence or reach a fuck you status. Even with a sizable chunk of Bitcoin, it's still important to prioritize consistent buying and an effective financial management in order to achieve one's long term management goals.

I agree with you since if we start to talk about people who have enough money to invest a year or two of their expenses into bitcoin  (which would be a pretty strong start), there does seem to be some value to continue to periodicalloy buy more bitcion through a whole cycle, yet there are some folks who prefer to engage in lump sum buying and even maybe combining that with buying on the dip, if they are able to.. It is not really a good recommended strategy, yet if someone were to front load with one or two years of their expenses into bitcoin right from the start, then they might feel that they ONLY want to add more to their bitcoin if the price  either dips after they had already bought or if it were to dip at some later point, even if it does not dip below their original purchase price.

I do think that there is some value to consistently buying for 4 years and then perhaps starting to have average bitcoin buy prices that are starting to go below the 200-WMA.. There is some good feeling to be able to achieve that with ongoing bitcoin accumulation and even getting through a whole bitcoin cycle.

One very unique  perspective about this whole process is that it's not really about how much amount of Bitcoin you've managed to stack up, but mostly about the financial habit and discipline you've managed to develop along the way as you accumulate. Through consistent investing and learning, you'll be able to build quite a solid foundation for financial stability, security and success, irrespective of the temporary fluctuations of the market.

Like you suggest, it is probably a good thing for a guy to learn about bitcoin as he invests into it and then to build his bitcoin position through various purchases, whether they were front loaded in the beginning or even if they might have had been DCA's for a whole cycle or more... Yet it is still difficult to prescribe what another person should do, since they should be working towards investing in accordance with their own personal factors.   

[edited out]

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.

Personally, I have a small investment, which I may add more if the price DIPs.

Fuck gold... and yeah of course, you can do whatever thing you want, even dumb shit.

[edited out]

I may feel that I have enough Bitcoin, but I know that keeping my savings in cash would bear an opportunity cost + inflation risk.

I am not sure if that makes sense.  Either you have enough bitcoin or you don't.  Of course, if you are still earning an income and you have extra income you have to figure out where to put such income and if you are not spending it all, then sure you could buy more bitcoin with it or buy other stuff, yet if you have reached a status of having enough bitcoin then there is no need to buy more. it is kind of optional. .and I am pretty sure that there were times that I was buying more bitcoin because there was ONLY so much cash that I was willing to keep.. but that could also be relative to your bitcoin stash, so if you were to have several times your income in bitcoin, then sometimes it might be optional whether to put more into bitcoin, yet if you were to have 20 to 30 years or more of your income in bitcoin, then it might be even less necessary to put more income into bitcoin..... and of course, it makes a difference if you are valuating your bitcoin in regards to how much you put in or perhaps according to the 200-WMA valuation or alternatively in accordance with the BTC spot price, and of course the spot price is moving around a lot more than the 200-WMA.. which I tend to like the 200-WMA since it does not move around so much.. .even though if I were to buy or sell any bitcoin I am having to do it at current BTC spot prices.

I don't know how gold is relevant.. except someone who is lost in regards to the value of bitcoin, and surely at most, you might hold up to 10% of the size of your bitcoin investment int gold and even 10% is probably too much.

A Gold investment is another hedge against inflation, but with lower volatility. I believe that's relevant especially today that Central Banks have been the largest buyers, accumulating since 2020.
Personally, I have a small investment, which I may add more if the price DIPs.

surely gold is another hedge against inflation with low volatility but may not come close to bitcoin in advantage. for me i dont see any reason of taken gold as a consideration when we have the digital gold that is more important, many guys are even selling gold to buy bitcoin knowing the potential of bitcoin in the long run. well its your decision to buy some portion of gold and i cant question you. the only thing is that it is better than saving in fiat especially if you want to diversify.

even if central bank buy gold does not make it as important as bitcoin. central bank are just afraid of bitcoin high volatility and also because bitcoin is a decentralized currency that the price can not be manipulated that's why they go for a more stable or less volatile asset like gold. the profit made buy bank by investing on gold since 2020 can not come close to the profit made by MicroStrategy that buys bitcoin all the time, and other large organization.

Persons, institutions, governments and/or banks holding gold for the past 16 years have been getting their lunches eaten by bitcoin and they are likely to continue to get their lunches eaten by bitcoin.. so they an stick with the inferior asset (namely gold) or transition into bitcoin, including hopefully not holding any more than 10% of the value of their bitcoin in gold, and perhaps even 10% is too much... but yeah, they can do what they like, even dumb shit.

I agree with you sir! Let's crank it up sir. If we look at Bitcoin's outperformance, it has surpassed gold since 2009. $200 in Bitcoin then could be worth tens of millions now, while $200 in gold might get you $290-$300 on a good day. Bitcoin's annualized returns have flirted with 60-100% in bullish years, while gold's plod along at 3-5%, barely keeping up with inflation.

Sir, you said Persons, institutions, governments and/or banks holding gold for the past 16 years have been getting their lunches eaten by bitcoin, I think it’s even more than that. It's not just eating gold's lunch, Bitcoin has taken the whole kitchen and it will keep on dominating because Bitcoin has the better bet, and likely will be for the next decades

[Futurexxx]

So we expect the price of Bitcoin to exceed $1 million in the future, so do not focus on the price but focus on accumulating Bitcoin. The more Bitcoin you accumulate now, the more profit you will make in the future. Many countries have started to hold reserves in Bitcoin, and world-famous companies have started to invest in Bitcoin, so Bitcoin will become more valuable in the future.

A Bitcoin holder must look to the future, not to the current price of Bitcoin. We have seen Bitcoin in the past and the present. The current state of Bitcoin is characteristic of Bitcoin. I was first introduced to Bitcoin when the price of Bitcoin was $230. The price of that Bitcoin has now exceeded $123K. Can you imagine? If today's price $119K. I think it will be up soon. So Bitcoin's goal of one million dollars will be achieved. So those of you who want to hold Bitcoin. Look to the future, not to the current price of Bitcoin. Now, most countries in the world are trying to keep Bitcoin in their reserves. It is the future that the more Bitcoin a country can hold, the more prosperous that country will be.

You are not wrong sir, all you said here are very true, if as an investor, we are only paying more attention to what Bitcoin has to offer long term, we will not be troubled by short term volatility, and due to the fact that Bitcoin is still in it early days, and no where near it peak price, their is a higher probability that it can go as high as a million dollar or more in the future, so buying Bitcoin now will definitely looks like a steal in the future, that's why am urging everyone to invest in Bitcoin now that it's still pretty early because nothing gives you a better feeling when you knows that you made the right decision when you should have.
Additionally, let's use those that bought at the previous all time high at $69k as example, if they are still holding unto their Bitcoin, they would be in a huge profit by now because they are still holding unto their asset, that is why it's very important to buy now regardless of the current price because Bitcoin is still going up and it value now will be no where near it value then, so seize the opportunity now it's still available.

[Cgrexp]

So we expect the price of Bitcoin to exceed $1 million in the future, so do not focus on the price but focus on accumulating Bitcoin. The more Bitcoin you accumulate now, the more profit you will make in the future. Many countries have started to hold reserves in Bitcoin, and world-famous companies have started to invest in Bitcoin, so Bitcoin will become more valuable in the future.

A Bitcoin holder must look to the future, not to the current price of Bitcoin. We have seen Bitcoin in the past and the present. The current state of Bitcoin is characteristic of Bitcoin. I was first introduced to Bitcoin when the price of Bitcoin was $230. The price of that Bitcoin has now exceeded $123K. Can you imagine? If today's price $119K. I think it will be up soon. So Bitcoin's goal of one million dollars will be achieved. So those of you who want to hold Bitcoin. Look to the future, not to the current price of Bitcoin. Now, most countries in the world are trying to keep Bitcoin in their reserves. It is the future that the more Bitcoin a country can hold, the more prosperous that country will be.

You are not wrong sir, all you said here are very true, if as an investor, we are only paying more attention to what Bitcoin has to offer long term, we will not be troubled by short term volatility, and due to the fact that Bitcoin is still in it early days, and no where near it peak price, their is a higher probability that it can go as high as a million dollar or more in the future, so buying Bitcoin now will definitely looks like a steal in the future, that's why am urging everyone to invest in Bitcoin now that it's still pretty early because nothing gives you a better feeling when you knows that you made the right decision when you should have.
Additionally, let's use those that bought at the previous all time high at $69k as example, if they are still holding unto their Bitcoin, they would be in a huge profit by now because they are still holding unto their asset, that is why it's very important to buy now regardless of the current price because Bitcoin is still going up and it value now will be no where near it value then, so seize the opportunity now it's still available.

Many are optimistic about the future value of Bitcoin. Still, it is better to buy at any price. However, it would be a prudent step to understand your financial situation, investment objectives, and risk tolerance before proceeding with the investment. It is more effective to understand how and in what context these issues are and then take advantage of the opportunity. No matter how much the price increases, you should make a decision considering your ability and risk tolerance. Because as profits are possible in the future, it is natural for the market to fluctuate. So taking advantage of the opportunity means proceeding cautiously. What you said is reasonable from a long-term perspective. However, for beginners, this should be kept in mind that no matter what its price is, it can suddenly decrease. There is no doubt about the future potential of Bitcoin, but I think that investing in a planned step-by-step manner without having a FOMO attitude is a safer and more sustainable way. Therefore, it is better to take advantage of the opportunity and start investing with a combination of knowledge and strategy, keeping long-term goals in mind.

[Rockson1]

The only time we can say there is an absolutely perfect market condition is when there is Dip else there is nothing of such especially for an Investor because their target is always long term investment and so using the word absolutely perfect market condition seems like a trading term because as an investor you don't really need this because the dollar cost averaging is always there to buy at any time regardless of the market condition. And don't complicate or mistake back up funds to emergency funds because they both have different task even though they are both used to solve problems but the problems they solve differs.

Perfect market condition do not exist so for that I will say the perfect market condition is every time, damnit I don't get it when some persons won't just be free to say they are traders, it very unlikely to hear or see a serious whose purpose of investing bitcoin talk about perfect market condition, buying during the dips is not bad but waiting to buy then hasn't ever been the right decision especially for newbies and long-term investor from the start, with what I observed, it is very obvious that theres nothing you'll preach to some people for them to retrace there steps espacially when they are illed informed or acting ignorantly because of there quest to make money by all means, it is unfortunate though.