Buy the DIP, and HODL!

[sotelorene]

Holding is always gold. Not only Bitcoin, but all the top-tier coins are best for holding BNB today reach a milestone of $1k where i sold my BNB for $4 at a time, i was 2000 BNB and if i talked about Bitcoin then it crossed a big milaston of 100k and also hit $124k where is sold my 3 bitcoin at around $4000 now i am regarding for my past decission. Now we are thinking about bitcoin, that the bitcoin price can go down a lot, and we are waiting for that, but this is also another mistake. i don't think Bitcoin price can drop below $80-90k on dip season. So buying Bitcoin by DCA now can also be a good decision. When we see bitcoin at a price of more than $500k or a million dollars, then we will think about this time and reflect on why we missed buying and holding bitcoin at the price of around $100k.

If you are lucky enough to be in profit from your investment in BNB, that isn't enough reason for you to say that all top tier coins are best for holding. I have been around in the crypto market for quite some years, and i have noticed how top tier coins went to the mud and sent some investors to their early graves because they were sweet talked, and some borrowed money to invest so that they wouldn't miss out. When the project they invested in collapsed, some investors couldn't bear their loss and they took their lives by themselves, while the project team are living a good life somewhere in the world.  We know that BNB hit a new ATH of $1000 yesterday, but it's not enough reason for you to talk about it in Bitcoin discussion thread before you will sweet talk some newbies into selling their Bitcoin investment to invest in BNB.

Certainly it is not all tier coins that is good for holding and taking the risk of holding such a coin is a clear evidence that the person doesn't value the money that was invested into such coin. It may have favoured some person that doesn't mean it is safe to hold such coin. Also borrowing money to invest in such coin is the worst investment decisions that the person has taken. There are many who taken such a risky of borrowing money and putting it into a coin that they consider to be doing well just like the BNB. Yes what you said is right ,the fact that BNB hit a new ATH doesn't mean it should be discussed here before some person may be mislead into thinking that it will perform like bitcoin and there by start putting there money into it.

I think anyone who buy this tier coin of a thing you are talking about is actually buying to make profit in a short time ( trading). Why would someone leave Bitcoin that has a promising future even though nothing is guarantee to invest or buy shitcoin because of its movement currently, it shows that these people actually want to trade it but I want these people to know that this coin they are talking about doesn't have one quarter of f Bitcoin potential and they have been off and on, so I consider buying or investing in these coins as waste of Investment as long as Bitcoin is concerned.

[Yablee0]

Holding is always gold. Not only Bitcoin, but all the top-tier coins are best for holding

Bitcoin is the king of cryptocurrency and I believe that anyone new in the cryptospace should start their bitcoin investment and focus on building their portfolio for the future and nothing more. I don't agree with you that there's anything like top shitcoins because they are all created for short term purpose. If you go and foolishly buy any shitcoin and feel that you are investing and keep holding for a long period of time, you will regret all through the rest of your life because your portfolio will depreciate overtime. Bitcoin is the opposite of shitcoin and don't feel that they're the same.

Bitcoin is limited in supply, censorship resistance, and beyond institutional control which give it more value and it's an asset that's a hedge to inflation because it's a store of value in the long run. This is why you see that more people are adopting it to save their funds from inflation due to the slowly debasement of dollar. Unserious people chase shitcoins because they prefer to gamble with their time, resources and energy.

Bitcoin is not a get rich quick scheme and needs proper planning and long-term commitment to invest and holding for long provided you are buying with your discretionary income. Fuck shitcoin and use this opportunity to stack up bitcoin for your future because a time is coming that shitcoiners will regret for not sticking solely to bitcoin when the price of bitcoin is very expensive and the value of your shitcoin bag is on a big loss.

It's true bro their is no way you can compare this two because bitcoin is way better and of a greater advantage than shitcoin, bitcoin is a life changing investment that if any serious investor can be able to go for it through the right approach which is the longer term plan, then a big congrats await him because his on the part to greater fortune.


Their is one thing that's funny, you may have the funds at hand to invest but didn't know which coin is best to invest in which is bitcoin, due to some wrong advises from friends or close associates you end up investing in one shitcoin that will later frustrate or stripped you off your hard earn money at the end of the day. Furthermore, it is crucial you make the right choice while investing in crypto currency so you wouldn't start saying they are all the same.

[Lembo69]

You can't predict the market and you dont have to wait for bitcoin to drop to a particular price before buying Bitcoin. You can always buy Bitcoin so far as you are opportune to buy and if the market drop to the price that you have been anticipating for, then it is an opportunity to buy more Bitcoin.

As an Investor you have no business with predicting the price of Bitcoin because that's typically the hand work of traders and it is not easy to predict the price of Bitcoin because it is a volatile asset. Anyone who calls himself or herself an investor and is predicting the price of Bitcoin is really wasting time and this person will either sell before time or panic. To save one from the trauma that comes after predicting Bitcoin and didn't work, the person should accumulate Bitcoin and hold for a long term and stop wasting time and giving himself false hope as what they are predicting is not certain.

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.

Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.

[Jostern]

Holding is always gold. Not only Bitcoin, but all the top-tier coins are best for holding BNB today reach a milestone of $1k where i sold my BNB for $4 at a time, i was 2000 BNB and if i talked about Bitcoin then it crossed a big milaston of 100k and also hit $124k where is sold my 3 bitcoin at around $4000 now i am regarding for my past decission. Now we are thinking about bitcoin, that the bitcoin price can go down a lot, and we are waiting for that, but this is also another mistake. i don't think Bitcoin price can drop below $80-90k on dip season. So buying Bitcoin by DCA now can also be a good decision. When we see bitcoin at a price of more than $500k or a million dollars, then we will think about this time and reflect on why we missed buying and holding bitcoin at the price of around $100k.

I don't think sitcoins actually have any value. These types of coins create hype and hype, which increases their prices abnormally. As a result, new investors invest in the hope of quick profits and get scammed. The price increases and decreases due to pump and dump, so even if a few people make a profit, like gambling, most people lose. So I don't think there is any comparison between any scam coin with Bitcoin. While Bitcoin has always been giving good feedback in the long term, all the other coins that exist have disappeared from the market in the long term. Bitcoin is decentralized, safe and globally scalable. Since the supply is fixed, even if its demand increases, the supply will not increase, so the value of Bitcoin will increase even more in the future. It is never right to compare any other coin with Bitcoin. As a result, newbies will invest in other sitcoins without understanding and will suffer losses. It is not appropriate to spread confusion with such examples.

I’m quite surprised when people do think that shitcoin has any value, some of this people that thinks they are investors while they are traders are quite naive, because sometimes they forget that this so called crypto and shitcoin rely on Bitcoin to thrive, this things they feel that they’re thriving doesn’t last long enough at some point this things are never a guaranteed, sometimes they end of making mistake by choosing this altcoin and at the end of an interval they probably get scammed by investing their money on this altcoin and which is a very awful way of making investment in bitcoin, sometimes we would notice that their is a huge difference between bitcoin and altcoins from longevity and stability, Bitcoin is reliable and stable comparing to altcoins, that is why it is reasonable to stay away from shitcoins and altcoins.

[Churchillvv]

]
Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.

Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.

You sound very vague here! You need to learn how to put your words together or say things properly than just make statements that will negate the whole point generally.

No one knows the next minute of life hence, not even anyone knows bitcoin next move. It’s all a speculation whatever anyone claims about bitcoin up and down movement. But saying no one knows about the bitcoin cycle, means not even you knows, that bitcoin bullish season comes after 4 years.

perhaps you need to learn how to put your words better for a good comprehension.

[Mr_Brilliant$]

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

Some people feel that the market can easily be manipulated, I'm saying this base on experienced. I have seen a newly investor who was trying to Force the market to work according to his Wish, and guess what happened. The market kept declining to an extent where he start panicking and all of a sudden he sold everything without minding if he's in profit on not,some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

Arguably, many new investors fail in Bitcoin simply because they walk in with the wrong expectations..  They think the market can be controlled or that their wishes somehow matter, but Bitcoin moves on its own terms..  I’ve personally watched beginners buy in high, panic when the market dips, and rush to sell off at a loss..  That kind of emotional reaction is exactly why so many end up frustrated instead of building wealth..

Truth be told, if you step into this space without the right mindset, it is wrong..  You will waste time monitoring charts every minute, stressing yourself, and taking actions that make no sense in the bigger picture..  Bitcoin was never meant for quick emotional trades, it requires patience and conviction in why you are holding it in the first place..  Without those basics, you’re not investing, you’re just gambling blindly..

[Cossyblack]

You can't predict the market and you dont have to wait for bitcoin to drop to a particular price before buying Bitcoin. You can always buy Bitcoin so far as you are opportune to buy and if the market drop to the price that you have been anticipating for, then it is an opportunity to buy more Bitcoin.

As an Investor you have no business with predicting the price of Bitcoin because that's typically the hand work of traders and it is not easy to predict the price of Bitcoin because it is a volatile asset. Anyone who calls himself or herself an investor and is predicting the price of Bitcoin is really wasting time and this person will either sell before time or panic. To save one from the trauma that comes after predicting Bitcoin and didn't work, the person should accumulate Bitcoin and hold for a long term and stop wasting time and giving himself false hope as what they are predicting is not certain.

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.

Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.

Price prediction and timing of the markets is for traders alone and not for an investor who's buying and holding for the long term. An investor has no business with the market especially if he is investing for the long term rather his major aim is to accumulate bitcoin until he reaches his targets. Obviously predicting the price is common among Bitcoin enthusiasts but predicting it correctly falls as a probability but what's the essence of predicting the markets when we may never get it right. Our energy should be Used in accumulating bitcoin consistently for the long term from our discretional income and holding for a period of 4-10 years.

[Sonia_123]

You can't predict the market and you dont have to wait for bitcoin to drop to a particular price before buying Bitcoin. You can always buy Bitcoin so far as you are opportune to buy and if the market drop to the price that you have been anticipating for, then it is an opportunity to buy more Bitcoin.

As an Investor you have no business with predicting the price of Bitcoin because that's typically the hand work of traders and it is not easy to predict the price of Bitcoin because it is a volatile asset. Anyone who calls himself or herself an investor and is predicting the price of Bitcoin is really wasting time and this person will either sell before time or panic. To save one from the trauma that comes after predicting Bitcoin and didn't work, the person should accumulate Bitcoin and hold for a long term and stop wasting time and giving himself false hope as what they are predicting is not certain.

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.

Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.

Not you may benefit in future, but you will definitely benefit biggerly in future, price volatility has nothing to do with long term investment in bitcoin because you will definitely recover all the losses as time goes on along the line, and because you cannot predict the market, that is why you are asked to invest with what you can afford to lose in case of the worst, which I know can't happen in bitcoin because it has come to stay and use the dca strategy to continue to accumulate and hodl for a long term so that you will not be bordered about whatever thing happening in the market, and also it will not affect your life that you will be forced to sell your investment untimely and become a no or low coiner, the end of your investment after reaching your target is always profitable more above x10 of your investment .

Your statement shows you are just investing because others are doing it or maybe you have not started and scared about bitcoin investment, but I assure you, you will not regret investing in bitcoin

Take a look of our patience early investors in bitcoin always smiling, nothing to regret.

[G_Besar]

That's the advantage of investing with long term goals in mind. We don't panic when the market is volatile or manipulated because our goal is clearly long term, not short term.

Instead of wasting time monitoring the market every day, we're busy earning extra income so we can continue to buy bitcoin with DCA every period. However to maintain the steadfastness necessary for long term investing, we must have a thorough understanding of bitcoin, both in terms of price history and the impact of bitcoin cycles as this can serve as a guide in achieving our investment goals.

This understanding of Bitcoin is now readily accessible on several websites, as many provide explanations for beginner investors, if they aren't diligent enough to read the Bitcoin whitepaper. I also agree with your advice, because when investing for the long term, our free time can be directly used to earn additional income without having to spend it on market monitoring, as those who frequently monitor the market are traders who prefer to seek short-term profits. And for investors who have become accustomed to Bitcoin investing, perhaps their attitude will be more relaxed in facing any current conditions because they not only have several methods to deal with them, but also have the enthusiasm to buy again when the market conditions are red.

[Belarge]

..Edit..

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

[Umulala-alala]

Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

Fuck crypto,

We don't talk about crypto in this thread this is in other not to get some dude confused and mis-lead into buying and holding some other shitcoin not knowing they are not buying bitcoin but shitcoin since crypto have other coin in it so you actually say bitcoin or shitcoin so people can know the direction you are driving at and not cryptocurrency hope you get this noted.

[kanftka]

..Edit..

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

True, because the learning process doesn’t have to stop you from stacking…. In fact, both can run side by side while you are building knowledge, you are also building your bag slowly. That way, by the time your understanding grows deeper, you already have something set aside, instead of starting from zero after years of only studying..

The beauty of Bitcoin is exactly that flexibility you mentioned. You don’t need to wait until you’re an expert before you get involved, and you also don’t need to go all in at once. Even small, consistent buys while you’re still learning go a long way in the future. It is like practicing with real skin in the game, which makes the lessons hit harder and stick better.

[Mr_Brilliant$]

..Edit..

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

Nice Belarge, but let me just clear something up real quick, if you are referring to Bitcoin as crypto, then I would have to disagree with that..  In my view, Bitcoin stands on its own, it is not in the same category as the thousands of shit coins people like to add together under crypto… That is why in this thread, and personally for myself, I prefer to call it simply Bitcoin, not crypto..

The reason is simple, Bitcoin has a unique foundation, history, and purpose that none of those other coins come close to..  Most of the so called cryptocurrencies that popped up after Bitcoin are just experimental projects chasing hype..  Many of them eventually fade, get abandoned, or rug their investors, which is why I personally see them as nothing more than shitcoins..  They do not represent the same level of security, decentralization, and trustless system that Bitcoin does…

[Bigjoe33]

 I’m quite surprised when people do think that shitcoin has any value, some of this people that thinks they are investors while they are traders are quite naive, because sometimes they forget that this so called crypto and shitcoin rely on Bitcoin to thrive, this things they feel that they’re thriving doesn’t last long enough at some point this things are never a guaranteed, sometimes they end of making mistake by choosing this altcoin and at the end of an interval they probably get scammed by investing their money on this altcoin and which is a very awful way of making investment in bitcoin, sometimes we would notice that their is a huge difference between bitcoin and altcoins from longevity and stability, Bitcoin is reliable and stable comparing to altcoins, that is why it is reasonable to stay away from shitcoins and altcoins.

Well, I think it's all choices, and everyone has the right to chose what they really want to do and or invest with their own money. People might also have different reasons why they want to get involved in the first place. For me, I have just one target, to leaverage on the potential and appreciating power of Bitcoin, and am keen on pressing on that, and that's it. Maybe those who invente on shitcoins also have reasons best known to them, just maybe.

But the plan is to get financial freedom, and the most reliable and trusted is investing in Bitcoin rather than on shitcoins. Shitcoins are not reliable, but Bitcoin is. Bitcoin can give us the true future financial freedom we wish and will get. Altcoins and shitcoins can be deceiving and misleading, presenting good deeds and promising riches but fails at the end, leaving the investor or trader in regrets. Buy over the years, Bitcoin has remained relevant and will always be, trusted and increasing value as years goes by. So then the question is, why will Ans investor or a newbie clearly chose to invest in shitcoins rather Bitcoin when the difference is clear? Why go for something that it's true worth and end cannot be predictable while abandoning that which trustworthy and reliably valuable in long term holding?

Sincerely, I used to be a fan of shitcoins and trading, believing that it fetches quick gain which I can leverage on, but ovee the years of experience, the reliability of Bitcoin beats all and is the best to invest in. With the proper knowledge of the use of discretionary income, one can invest gradually using the DCA strategy no matter how little you can accumulate. I must say that the little one can gather using the DCA, if Hodl for long term, becomes more fruitful and reliable compared to any short or quick gains one can ever imagine to get from shitcoins or any trading investment.

Think Bitcoin, think long term investment, think bit bit accumulation, but and Hodl. Shitcoins and altcoins are not reliable

[Olatundespo]

..Edit..

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

@Belarge Bitcoin and crypto should be distinguished. When you use the word crypto, it refers to all digital currencies, most of which are risky for investment. Bitcoin should be valued as Bitcoin and not compared to other cryptocurrencies. Bitcoin has reached its current level as a result of the gradual adoption and investment of the intellectual community over time. The number of this community is gradually increasing around the world and following the example of El Salvador many countries are considering adopting Bitcoin as a strategic reserve. Globally Bitcoin is a store of value. It is better that avoid mixing it with hype based currencies. When you are aware of the correct use of the word other members will take your recommendations with attention.

[Justbillywitt]

that the bitcoin price can go down a lot, and we are waiting for that, but this is also another mistake. i don't think Bitcoin price can drop below $80-90k on dip season.

History has taught us that bitcoin can drop to any price in bear season and also rise to any price in a bullish season. Same way we are expecting that bitcoin can rise to any price in the future, let's also have it at the back of our mind that bitcoin can drop to any price as well. We have seen that happened in that past when bitcoin dropped from $68k to$16k thereabout. That's to tell investors to be open minded about bitcoin investment, and expect price to rise and fall to any amount.

[centrum]

Holding is always gold. Not only Bitcoin, but all the top-tier coins are best for holding

It’s true that hold is gold. But before that, you need the right mindset for holding, which not everyone has it. Many people buy top coins with the hope to hold. but when the price start dumping, they panic and sell. You said holding top coins is safe, but it’s not always true. Sometimes even top coins have turned out to be scam. For example, Terra (LUNA/UST) was once one of the best stablecoins, but it collapsed. FTX (FTT) was an exchange token, but that also turned out to be a scam. Recently, OM dropped from $9 to just $0.21, which was a huge scam by the team. But yes, I agree with you if someone has the ability to hold long term, then Bitcoin, Ethereum, and BNB are good to buy and hold for a few years. Otherwise, it’s better not to hold.

[Futurexxx]

that the bitcoin price can go down a lot, and we are waiting for that, but this is also another mistake. i don't think Bitcoin price can drop below $80-90k on dip season.

History has taught us that bitcoin can drop to any price in bear season and also rise to any price in a bullish season. Same way we are expecting that bitcoin can rise to any price in the future, let's also have it at the back of our mind that bitcoin can drop to any price as well. We have seen that happened in that past when bitcoin dropped from $68k to$16k thereabout. That's to tell investors to be open minded about bitcoin investment, and expect price to rise and fall to any amount.

It's true that Bitcoin  can rise and fall due to it volatility, but that doesn't mean that bitcoin might drop to 1k dollars. Looking at bitcoin and is great potential, their is a higher tendency that it might go as high as a million dollar or more in the future, so what we should be doing now is to accumulate as much as possible according to how much you can afford to do away with for a very long period of  time.
What most bitcoin investor don't know presently, is that bitcoin is no were near it peak price, and due to it limited supply, there's a higher possibility that it will keep on rising as the days goes by, so it will be very unwise of us not to accumulate it now that it is still very cheap, but in all we do, we should try as much as possible to accumulate according to how much they can do away with, so that they can hold very strong into the future.

[Loyang]

Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.

We always like to call Bitcoin as Bitcoin. Because there are many types of coins that are fraudulent coins. If we call Bitcoin as crypto, then a new person may think that Bitcoin and fraudulent coins are like that. So it is always better to call Bitcoin as Bitcoin. There are some coins in the market that are first promoted by very big people and when everyone starts believing in that coin and invests, when they see that the value of the coin has increased a lot, the people of that coin company sell all the coins they have and everyone else loses money. So when you combine Bitcoin with all these coins, a new person may be confused.

We do not need much knowledge to invest. If a person has basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income, then he can invest. If a person waits to invest until they have gained additional knowledge, it will never be the right decision. It is necessary to start investing in the first place, after starting to invest, a person can gain knowledge.

[abaeze]

Before investing in Bitcoin, you need to know that no one can ever predict Bitcoin. Because no one knows about the Bitcoin cycle. But a trader can determine the price. Invest patiently by holding according to your investment plan. Never lose your valuable investment by panicking about the future. No one knows the exact movement of Bitcoin, so you should not worry too much about these. Because you can make wrong decisions due to price volatility and price movement.

Only those who do Ponzi schemes or traders in Bitcoin make predictions. Without paying attention to these, you can just continue investing patiently for the long term. You may benefit from the investment in the future. Unless you lose your investment.

It is unusual for Bitcoin predictions to be 100% accurate all the time, so the fact that no one knows the Bitcoin cycle sounds a bit confusing. Because everyone knows the halving cycle of at least 4 years, and it has been seen in the history of Bitcoin that it has a big impact on the price. Therefore, even if no one can say exactly how much Bitcoin will be in the future, the existence of this cycle cannot be denied. Therefore, without being too afraid of the price falling or rising, investing a certain amount of money regularly every week or month is the right investment decision, no matter how much the price rises or falls. DCA solves this problem. In this way, buying assets at an average price is the most effective strategy for beginners.