Buy the DIP, and HODL!

[Princess Leah]

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

[Regardme]

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

I must say that securing your portfolio, is as critical as a holding Bitcoin for a long term. It is importing to one to learn about wallet security, how to put there portfolio on two factor authentication. It’s always important to prioritize having an emergency funds will always prevent one from panic sales, also a key to help you balance your long term investment

[sotelorene]

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

I must say that securing your portfolio, is as critical as a holding Bitcoin for a long term. It is importing to one to learn about wallet security, how to put there portfolio on two factor authentication. It’s always important to prioritize having an emergency funds will always prevent one from panic sales, also a key to help you balance your long term investment

Securing ones wallet is fine but not to go learn about it before one will start Bitcoin investment because that will also kill most of your time and zeal so I believe most of this security can be learn while an investor progresses with their investment. And secondly it is not a must or compulsory to learn about security before we can start Bitcoin investment even though it is necessary but the most important thing is to keep ones seed phrase safe  so that people don't get access to it and while saving from people also ensure to keep it where you won't look for it or misplaced it because it will be almost same thing as been scammed.

[IceLincoln]

maybe he would invest into bitcoin with $300 per month and use $150 per month to build up his emergency funds and/or reserve funds,

JJG Sir, I think,
Where should the money for the emergency fund come from? Money provided for basic needs or discretionary income? I think we should be a little clear on this.
From my point of view, since emergency funds are very important to make our investments sustainable, I think the money for the emergency fund should be included in the money provided for our basic needs. Because an emergency fund is very necessary to sustain our invested bitcoins and to deal with any emergency situation. So even if a person cannot afford to invest, I think it is necessary to form an emergency fund even if his basic needs expenses are reduced to a minimum.
Yes, when a healthy amount is accumulated in our emergency fund, we can bring it out of the basic needs, then we can put more money there if we want, or else we can use the money budgeted for the emergency fund to aggressively grow our bitcoin portfolio.
There are also many who want to aggressively buy Bitcoin in DIP at other times, they can create a separate fund with that money to buy Bitcoin in DIP.
Although I don't like to do this. I buy Bitcoin aggressively when I have discretionary income and when my discretionary income is low, I buy Bitcoin according to my ability.

I might understand the angle you’re driving at but it’s not right, our emergency fund cannot be factored into basic expenses because while you’re planning and budgeting for your money, the expenses being sorted are a now problem and deals with survival you have to settle that first and adding a supposed future problem solving money into the now will hinder you from properly settling the problems of Now. Emergency funds just as has been explained is gotten from your discretionary money. Emergency fund is not just important to only investors, it is important for everyone to have an emergency or reserve funds, creating this saves you from a lot of financial troubles and headaches.

[icebar]

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

I must say that securing your portfolio, is as critical as a holding Bitcoin for a long term. It is importing to one to learn about wallet security, how to put there portfolio on two factor authentication. It’s always important to prioritize having an emergency funds will always prevent one from panic sales, also a key to help you balance your long term investment

An investor will not be able to learn about Bitcoin at the beginning, he must take some time to learn. If an investor starts investing with a small amount of money along with learning and taking a small risk, then that learning becomes much easier. By learning along with investing, he will be able to gain good knowledge. At some point, when his knowledge increases, he can also increase his investment amount. If he regularly invests a small amount from his discretionary income, then at some point he will be able to create a large portfolio of Bitcoin. If an investor creates an emergency fund when investing in Bitcoin, he can increase his investment in Bitcoin consistently.

[Futurexxx]

. And secondly it is not a must or compulsory to learn about security before we can start Bitcoin investment even though it is necessary but the most important thing is to keep ones seed phrase safe  so that people don't get access to it and while saving from people also ensure to keep it where you won't look for it or misplaced it because it will be almost same thing as been scammed.

Yes it's true that you don't need to know it all on securing your asset but the basic knowledge on Bitcoin investment is enough for a start because lack of the basic knowledge might cost you so dearly because if you don't know that your secret phase is important to the safety of your Bitcoin investment, you might easily fall prey to scammers before you even know how important it is to be kept private, so what am trying to say is that the basic knowledge about Bitcoin is enough for a start, along the line you can learn more on Bitcoin investment and all the necessary measure that needs to be put in place to be successful.

[Powerjumboo]

. And secondly it is not a must or compulsory to learn about security before we can start Bitcoin investment even though it is necessary but the most important thing is to keep ones seed phrase safe  so that people don't get access to it and while saving from people also ensure to keep it where you won't look for it or misplaced it because it will be almost same thing as been scammed.

Yes it's true that you don't need to know it all on securing your asset but the basic knowledge on Bitcoin investment is enough for a start because lack of the basic knowledge might cost you so dearly because if you don't know that your secret phase is important to the safety of your Bitcoin investment, you might easily fall prey to scammers before you even know how important it is to be kept private, so what am trying to say is that the basic knowledge about Bitcoin is enough for a start, along the line you can learn more on Bitcoin investment and all the necessary measure that needs to be put in place to be successful.

Yes, you must maintain privacy while investing in Bitcoin. If privacy cannot be maintained, the investment will never be safe. Before investing in Bitcoin, security must be ensured first. If security can be ensured, then Bitcoin can be invested. Moreover, if you invest in Bitcoin, that investment will have the highest risk.

For example, when I prepared to invest in Bitcoin, I ensured the security of my wallet before. When I ensured the security of the wallet, then I kept it secret, which can also be called privacy, for the security of my wallet because if I do not keep the seed phrase of my wallet secret, then I will never be able to provide full security to my wallet.

[Ndabagi01]

Yes, you must maintain privacy while investing in Bitcoin. If privacy cannot be maintained, the investment will never be safe. Before investing in Bitcoin, security must be ensured first. If security can be ensured, then Bitcoin can be invested. Moreover, if you invest in Bitcoin, that investment will have the highest risk.

For example, when I prepared to invest in Bitcoin, I ensured the security of my wallet before. When I ensured the security of the wallet, then I kept it secret, which can also be called privacy, for the security of my wallet because if I do not keep the seed phrase of my wallet secret, then I will never be able to provide full security to my wallet.

The word decentralization emphasis more on privacy, so bitcoin investment is all about privacy. Your seed phrase, the amount of bitcoin you hold, your plans on your bitcoin investment should remain something private to you and not to publicly tell or discuss with people close to you or even far distance people like friends online. The security of your bitcoin investment comes first and it’s only with that can you achieve a smooth process of investment without having the fear of not benefiting from the investment. Bitcoin investment already shows some level of assurance that your investment will be a profitable one for the long term you’re holding it, now left for you to be able to manage and safeguard your portfolio.

[Dictator69]

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.

https://x.com/BitcoinNewsCom/status/1956747783530037670

This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

[JayJuanGee]

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.
https://x.com/BitcoinNewsCom/status/1956747783530037670
This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

How is bitcoin going to spread if no one wants to admit that they use bitcoin?  You expect bitcoin to still have value if everyone is secret about it?

[Princess Leah]

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.
https://x.com/BitcoinNewsCom/status/1956747783530037670
This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

How is bitcoin going to spread if no one wants to admit that they use bitcoin?  You expect bitcoin to still have value if everyone is secret about it?

Maybe he's from a society where Bitcoin is restricted from it citizens a place where there's tough regulations by the government and citizens who secretly use it have to be careful not to attract the authorities, for instance the past administration of my country restricted the use of Bitcoin and other coins at large so we were very careful cause most the security authorities who were delusional took it personal and would immediately tag one for fraud if caught.

 However I don't think it's a nice idea for him to generalise since there are countries where the regulations ain't tough and people freely use Bitcoin for different use case, what he should've said is that people should protect themselves from potential robbery by not exposing the amount they're worth to the strange people or sometimes even close neighbours, these are tough times and lazy people who can't invest or hodl Bitcoin could easily plot with kidnappers and steal your coin, it would've been very understandable if he had explained it that way.

 In other words, one can spread the aware of Bitcoin and it's important, with specific reason of why it's good for people to hodl it including the benefits they stand to gain in future but avoid letting them know what she or he is worth in Bitcoin, for security reasons.

[Hewlet]

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.
https://x.com/BitcoinNewsCom/status/1956747783530037670
This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

How is bitcoin going to spread if no one wants to admit that they use bitcoin?  You expect bitcoin to still have value if everyone is secret about it?

In other words, one can spread the aware of Bitcoin and it's important, with specific reason of why it's good for people to hodl it including the benefits they stand to gain in future but avoid letting them know what she or he is worth in Bitcoin, for security reasons.

i think this is likely what he is trying to pass across only that he might have passed his message in a one sided manner that did not deliver it intent the right way. if you are living in a region where some security agency are taking things too serious and you can not really trust the next person that much, it is usuallly defficult to be direst on what you let the next person know because on the one hand, you wnat to be sure you are not exposing yourself to the threat of kidnappers and thiefs and on the other hand, you want to also ensure that the security agencies do not target you and frame up false accusation on you.

Ofcause, being bullish about bitcoin and telling others about it is what also helps in boosting it adoption but the reality is that the same way you are conscious of your asset security is the same way you should be conscious of your personal security which will demand that regardless of how you speaks about bitcoin in the public space, you ensure that you reveal little to nothing about how much bitcoin you are holding. in my country for instance, if the security agency find out that you hold like say $3k worth of bitcoin maybe through an online gigg and they can not trace your source of that bitcoin to something that see to be okay, they will try everything that is within there power to confisticate it. that might be part of the reason why some people might not be willing to ak much about bitcoin in the public but then, there is always a modest way of going about it in a safe and secure manner.

[Wind_FURY]

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.
https://x.com/BitcoinNewsCom/status/1956747783530037670
This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

How is bitcoin going to spread if no one wants to admit that they use bitcoin?  You expect bitcoin to still have value if everyone is secret about it?

 Maybe he's from a society where Bitcoin is restricted from it citizens a place where there's tough regulations by the government and citizens who secretly use it have to be careful not to attract the authorities, for instance the past administration of my country restricted the use of Bitcoin and other coins at large so we were very careful cause most the security authorities who were delusional took it personal and would immediately tag one for fraud if caught.

 However I don't think it's a nice idea for him to generalise since there are countries where the regulations ain't tough and people freely use Bitcoin for different use case, what he should've said is that people should protect themselves from potential robbery by not exposing the amount they're worth to the strange people or sometimes even close neighbours, these are tough times and lazy people who can't invest or hodl Bitcoin could easily plot with kidnappers and steal your coin, it would've been very understandable if he had explained it that way.

 In other words, one can spread the aware of Bitcoin and it's important, with specific reason of why it's good for people to hodl it including the benefits they stand to gain in future but avoid letting them know what she or he is worth in Bitcoin, for security reasons.

Whatever his/her actual reason, Bitcoin is actually more valuable in regions where it is "illegal" to use Bitcoin because it makes use of its main value-proposition. CENSORSHIP-RESISTANCE.

But it's probably a good decision NEVER to tell anyone in real life that he/she uses Bitcoin. Although online, and anonymously - he/she should tell everyone.

If someone lives in China, Iran, or in some region where the government is sort of too restrictive, they can say "I AM FRIM IRAN AND I USE BITCOIN TO GAMBLE, BUY ALCOHOL AND DRUGS. TRY TO STOP ME".

[Derekfunds]

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.

https://x.com/BitcoinNewsCom/status/1956747783530037670

This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

Off cause you don't need to go out and tell people you are a Bitcoin holder or investor that is insane because no one ask you but as a person, you should know your friends that are into Bitcoin investment and so whenever you guys are together and they are talking about Bitcoin and if they are traders, to some point you as a holder will come in to the talk and tell them the importance of holding Bitcoin for years and how secure and different it is from trading and if there is someone that haven't heard or doesn't have knowledge about holding for long the person may probably pick interest and I will want to know more that is life, you must not go out to preach Bitcoin to the world and the truth is whether you go out or not people will be aware of it Bitcoin because they always talk about Bitcoin on news and internet.

It is not only in Bitcoin people can plan evil against you or your family or relation there are people that are naturally wicked to the point they don't want the progress of other people and so even if it is another Investment you are doing and you are making progress they will still want to do same thing and as a prudent person one mistake you shouldn't make is telling people how much you have in your investment or how big your portfolio is.

[Futurexxx]

Whatever his/her actual reason, Bitcoin is actually more valuable in regions where it is "illegal" to use Bitcoin because it makes use of its main value-proposition. CENSORSHIP-RESISTANCE.

But it's probably a good decision NEVER to tell anyone in real life that he/she uses Bitcoin. Although online, and anonymously - he/she should tell everyone.

If someone lives in China, Iran, or in some region where the government is sort of too restrictive, they can say "I AM FRIM IRAN AND I USE BITCOIN TO GAMBLE, BUY ALCOHOL AND DRUGS. TRY TO STOP ME".

Telling someone about Bitcoin is not a bad thing, it's a welcome idea for Bitcoin to spread to those that have no idea of it, but where the challenge is, is that you are exposing yourself to be robbed, because in my locality, they sees anyone that invest in Bitcoin as a wealthy person, most folks in the streets believes that you can't invest in Bitcoin if you are poor, so preaching Bitcoin to every random person you see is a very stupid way to expose yourself, because you might be robbed. So if you want to be telling people about Bitcoin, use your discretion to analyze a person first before revealing things to that person that you invested in Bitcoin and give him a reason why he should do so, because a locality like mine, if you exposed yourself easily to the wrong person, you will surely regret in no distance time.
And you know why it's like that?  The economy of our country is not smiling at we the citizens, so most people will do anything, even though it's criminal, just to survive.

[Taskford]

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

Security is a mandatory thing to look out, I was away for a long time, but I did not stopped learning, and the most important learning was, we should never tell anyone we are holding Bitcoins, that's another thing if some scammer somehow know we are holding btc and they try to phish us we can still save us by not doing anything stupid but we can face security threats from our loved ones and people around us so never tell anyone how much btc we have, or my brother have and even my father has.

https://x.com/BitcoinNewsCom/status/1956747783530037670

This news is enough to understand the sensitivity of this situation, if we tell anyone, the word will spread out like fire and it will reach to the ears of some bad people and they can do bad things to you, or anyone near you who you love and it can become a problem. Never share anyone about the bitcoin investment.

Off cause you don't need to go out and tell people you are a Bitcoin holder or investor that is insane because no one ask you but as a person, you should know your friends that are into Bitcoin investment and so whenever you guys are together and they are talking about Bitcoin and if they are traders, to some point you as a holder will come in to the talk and tell them the importance of holding Bitcoin for years and how secure and different it is from trading and if there is someone that haven't heard or doesn't have knowledge about holding for long the person may probably pick interest and I will want to know more that is life, you must not go out to preach Bitcoin to the world and the truth is whether you go out or not people will be aware of it Bitcoin because they always talk about Bitcoin on news and internet.

It is not only in Bitcoin people can plan evil against you or your family or relation there are people that are naturally wicked to the point they don't want the progress of other people and so even if it is another Investment you are doing and you are making progress they will still want to do same thing and as a prudent person one mistake you shouldn't make is telling people how much you have in your investment or how big your portfolio is.

That's the craziest thing people will do and people would just have negative impression if they push to much those information and tell it to them that you are a Bitcoin holder.

Since aside that you might be in danger especially if the person you told that thing have criminal intention, some individuals might think about that you are scamming them especially those people have zero knowledge about it.

So better that keep your activities in private and just don't create noise towards what you are participating. Its better to focus on your investment since its better to protect your peace and make your investment became more smoother especially if the only thing you need to think about is to buy more Bitcoin to increase your holdings.

[blackberrman]

In fact, if you hold on long-term, the risk will be very low, but not risk-free, of course there are some risks involved. Now the DCA strategy is the best strategy to invest in Bitcoin, if someone plans to invest in Bitcoin then if he chooses DCA strategy then there is no need to wait for his price to fall, because investing in Bitcoin in DCA method will be able to buy at average price. If you invest in DCA method, you can gradually increase the amount of investment, if someone continues to invest in DCA strategy with a small amount of money, then at some point the amount of investment will be quite large. Now the investment has to continue with DCA strategy and long term plan. I've heard the stories of some people who invested in the DCA strategy on a weekly basis but weren't able to hold on long-term, because they didn't have a long-term plan, so whatever method you invest in must have the ability to hold on long-term.

The DCA accumulating strategy is wired to be a success on the longer run, so anyone that really wants to be successful in his investment while investing through the dca accumulating strategy needs to have it at the back of his minds that he must be thinking long term.

Concerning the bold statement that you made, sometimes it's not about having a long term plan or not, it is about putting down measures to safeguard your Bitcoin investment against any unforseen circumstances that may warrant you to temper with your Bitcoin investment, that is why sir jayjuangee has always emphasize on the importance of emergency and reserve funds in Bitcoin investment, because emergency situation will definitely come, but if you don't have it in place to protect your investment, your Bitcoin investment is doomed if any emergencies arise while investing.

I agree with you, investing in Bitcoin is very important in the long term, but if you are the sole earner of your family, you should always build an emergency fund, because when you invest in Bitcoin, why not invest slowly using the DCA strategy, you have a big risk here, because when a family member gets sick and you have to spend a lot of money to fix him, you can sell Bitcoin for that money, then no matter what the value of Bitcoin is, you will be forced to give it up, so building an emergency fund to invest is very important where you know you will face sudden danger until your survival. Increase your awareness in this area.

[sotelorene]

Whatever his/her actual reason, Bitcoin is actually more valuable in regions where it is "illegal" to use Bitcoin because it makes use of its main value-proposition. CENSORSHIP-RESISTANCE.

But it's probably a good decision NEVER to tell anyone in real life that he/she uses Bitcoin. Although online, and anonymously - he/she should tell everyone.

If someone lives in China, Iran, or in some region where the government is sort of too restrictive, they can say "I AM FRIM IRAN AND I USE BITCOIN TO GAMBLE, BUY ALCOHOL AND DRUGS. TRY TO STOP ME".

Telling someone about Bitcoin is not a bad thing, it's a welcome idea for Bitcoin to spread to those that have no idea of it, but where the challenge is, is that you are exposing yourself to be robbed, because in my locality, they sees anyone that invest in Bitcoin as a wealthy person, most folks in the streets believes that you can't invest in Bitcoin if you are poor, so preaching Bitcoin to every random person you see is a very stupid way to expose yourself, because you might be robbed. So if you want to be telling people about Bitcoin, use your discretion to analyze a person first before revealing things to that person that you invested in Bitcoin and give him a reason why he should do so, because a locality like mine, if you exposed yourself easily to the wrong person, you will surely regret in no distance time.
And you know why it's like that?  The economy of our country is not smiling at we the citizens, so most people will do anything, even though it's criminal, just to survive.

Yes it is not wrong but for our safety sake it, we should keep our mouth shut, I know sometimes people can be over excited or carried away by virtual of the progress they   are making or they have make and so they can run their mouth anyhow not knowing the people around and the possible consequence. I was among the people that sees anyone who invest in Bitcoin as wealthy people but as time goes on I realized it was not true because anyone can invest in Bitcoin.

No matter the economy of a place, it is not enough reason for someone to steal or do crazy shit because there are people in that same economy and same country that are doing well.

[Tamaperdana]

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a  longer period.

 Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

I must say that securing your portfolio, is as critical as a holding Bitcoin for a long term. It is importing to one to learn about wallet security, how to put there portfolio on two factor authentication. It’s always important to prioritize having an emergency funds will always prevent one from panic sales, also a key to help you balance your long term investment

I believe securing our Bitcoin assets is a crucial aspect, as I believe the Bitcoin wallet we use is the lifeblood of our Bitcoin investment. If the wallet isn't secure, no matter how well we manage our cash flow to invest in Bitcoin, I believe it's futile. If our Bitcoin wallet isn't secure, it can leave our Bitcoin vulnerable to theft.

So, with this in mind, don't forget to type in your wallet phrase. After you've finished typing it, immediately double-check that it's correct. It's possible to miss a single word, and this could have dire consequences. To avoid this, we should immediately double-check the resulting wallet phrase by entering it directly. This way, we can immediately determine whether the phrase is incorrect or not.

[Rgram]

How is bitcoin going to spread if no one wants to admit that they use bitcoin?  You expect bitcoin to still have value if everyone is secret about it?

Something about human nature, not all advices would be adhered to. It doesn’t matter if they are good advices or a bad one. One must get to choose at some point, which one is more beneficial and rewarding to them and which is not.

That’s why we have early adopters and late adopters. Most persons in this era would want to consider themselves late adopters because, they only recently knew and came aboard Bitcoin using the price factor at this time as a reason for such but, time would tell just how early or late they’ve been with Bitcoin always appreciating on the long run.

While we would be concerned about our security and find that in privacy, once a word if off your lips to at least 2 persons, that’s hardly a secrete anymore. It doesn’t mean you would have to spill your guts to everyone and anyone, you must do so to a selected few that are enthusiastic towards learning and visionary in any new development. It still doesn’t mean you get to declare your holdings as a means to motivate, you build interest in the technology and what it could do or mean for the people who own them now and in the future.

When it’s sensitive, you get sensitive on how you handle its publicity too especially if you know you could be targeted.