Buy the DIP, and HODL!

[Cyber_warrior]

I totally disagree with you, investing beyond someone's means doesn't mean they are not responsible because there are factors that can make someone to invest beyond their means which is either they want to trade or they have another motive and you can not possibly call someone irresponsible because they are trading Bitcoin because it is their choice and that is how their level of knowledge and understanding is but some who wants to accumulate and hold for long term will never invest more than or beyond their discretionary income.

There is a reason why it's advised to not invest beyond your discretionary income. Investing beyond your means mean it's beyond your discretionary income and if that's so then it's not safe for your investment as you are already investing more than you can afford to lose. It doesn't only put your investment at risk but also your financial safety.

I understand where you are coming from, and honestly you are not wrong. There is nothing inherently bad about talking about profit . After all profit is one of the main why people invest in Bitcoin  in the first place. For beginner seeing the potential upside make investing  motivating  and the whole idea of investing feel real and worth exploring.

It feels wrong saying profit motivates beginners. Ones future goals should be reason enough to motivate you and not some few bucks. If you're having that mindset as a beginner then it's likely to affect your investment because the market is full ups and downs and profit is not guaranteed. It's best to focus more on your future goals rather than profits. Focusing on your future goals encourage patience which every investor needs.

[The Founding Titan]

I totally disagree with you, investing beyond someone's means doesn't mean they are not responsible because there are factors that can make someone to invest beyond their means which is either they want to trade or they have another motive and you can not possibly call someone irresponsible because they are trading Bitcoin because it is their choice and that is how their level of knowledge and understanding is but some who wants to accumulate and hold for long term will never invest more than or beyond their discretionary income.

If you include trading as an investment, then I agree with your disagreement. But I should have clarified the matter. I actually see investment and trading as two different things. But whatever it is, it is important to behave responsibly in all our actions. What do you say?

Trading bitcoin is not investing in bitcoin, these are two very different things and should not be considered as being the same thing, any individual who is willing to invest in bitcoin beyond what their discretionary income can allow is making a big mistake and is being inresponsible as an investor, it's better to call yourself a trader if you are trading rather than trying to cover it under the umbrella of an investment, bitcoin investment is a long term business so a true investor will know to invest only with their discretionary income.

[As-Soon-As]

I totally disagree with you, investing beyond someone's means doesn't mean they are not responsible because there are factors that can make someone to invest beyond their means which is either they want to trade or they have another motive and you can not possibly call someone irresponsible because they are trading Bitcoin because it is their choice and that is how their level of knowledge and understanding is but some who wants to accumulate and hold for long term will never invest more than or beyond their discretionary income.

If you include trading as an investment, then I agree with your disagreement. But I should have clarified the matter. I actually see investment and trading as two different things. But whatever it is, it is important to behave responsibly in all our actions. What do you say?

Trading bitcoin is not investing in bitcoin, these are two very different things and should not be considered as being the same thing, any individual who is willing to invest in bitcoin beyond what their discretionary income can allow is making a big mistake and is being inresponsible as an investor, it's better to call yourself a trader if you are trading rather than trying to cover it under the umbrella of an investment, bitcoin investment is a long term business so a true investor will know to invest only with their discretionary income.

It's better to talk about Bitcoin investing, you are confusing newbies by repeatedly mentioning trading. We won't talk about trading because it destroys people.

In the current position, Bitcoin investment is the best plan where an investor maintains a regular purchase sequence for long-term retention and the DCA method is said to be the guide. If one can structure Bitcoin investment for the future by adopting the DCA method correctly, then that person will definitely be successful. Therefore, if one wants to make oneself financially successful in the future, there is no alternative to long-term Bitcoin investment.
Therefore, if one wants to invest in Bitcoin, it must be structured in a long-term way so that every individual and unique person is attracted towards Bitcoin investment.

[ThemePen]

It's better to talk about Bitcoin investing, you are confusing newbies by repeatedly mentioning trading. We won't talk about trading because it destroys people.

In the current position, Bitcoin investment is the best plan where an investor maintains a regular purchase sequence for long-term retention and the DCA method is said to be the guide. If one can structure Bitcoin investment for the future by adopting the DCA method correctly, then that person will definitely be successful. Therefore, if one wants to make oneself financially successful in the future, there is no alternative to long-term Bitcoin investment.
Therefore, if one wants to invest in Bitcoin, it must be structured in a long-term way so that every individual and unique person is attracted towards Bitcoin investment.

Long term Bitcoin investing is far safer and more sure than trading, and I believe that DCA is most useful way to deal with market swings without worry of having to risk picking perfect time. You are correct that trading will likely cause huge losses due to new people since it needs always watching and crazy feelings, and set and forget type of investing will help you stay strong and focused.
I would say that even though it is important to buy, most good buyers also have clear 10 years exit plan of how they will at last use that money in reaching their goals in life. By just ignoring day to day swings of prices and thinking in terms of long term view, you will be able to get past noise and become member of top group of Bitcoin holders world over.

[Tetu100]

By just ignoring day to day swings of prices and thinking in terms of long term view, you will be able to get past noise and become member of top group of Bitcoin holders world over.

The point there is that the fair weather investors which are the traders are the once that are always worried and skeptical about the market price, because since they are only there for quick profit any slide dip in price is always a very big threat to them, but possibly those that invested with the goal of holding for decade or more are the real investors that enjoy deep down from the buttom pot of their investment.

[JayJuanGee]

[edited out]

There will be a point where accumulation of Bitcoin we becomes optional rather than necessary, over accumulation it's not just about hitting a number but also about comfort and flexibility in future withdrawal using the 200WMA as a reference to gauge how much is enough is a good one too, since it adapts over time truly it's a kind of reassuring to see that even with a moderate accumulation hitting the long term financial comfort isn't as far.

You are speaking in a bit of gobbledy gook.

Surely a person who had gotten started investing in bitcoin in the past few years, he might have some kinds of ideas about his goals, yet he might not be very specific about his goals when he is in his earliest of stages building up his bitcoin stash... and surely his goals might change as he goes, and he might even get lured away from his goals.

Sometimes also guy create fantasy goals (rather than realistic goals) that they would never be able to reach... and yeah, maybe it is difficult to know what our standard of living might be in 5 years, 10 years, 15 years, or whatever might be the further out target.. yet if we are ongoingly investing in bitcoin, then our investment progress (or lack-there-of) might also help us to figure out what might be within the ballpark of a realistic goal.

Part of the reason that I describe a person with a $30k income who invests into bitcoin for 10 years, and then a goal to get to an $80k income from his bitcoin is because such a goal is within the possibilities for the guy with a $30k income to reach... and such examples seems to give some kind of a reasonable working framework in which guys could keep or they could adjust upwardly or downwardly in order to accommodate their own ideas of possibly reasonable and reachable goals..

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

Get the fuck out of here.   

Focus.  If you are able to.

That's true, but everything must also be in accordance with the initial plan because if we keep calculating and looking at the profits, there will be temptation, which could lead us to abandon the initial plan we have set.
Indeed, it's better to forget whatever happens and continue focusing on accumulating Bitcoin for the future. It's true that our investment goal is to gain profit, but we must all be patient and wait for the right time, and in my opinion, the right time is the long term.

You only need to stick with your initial plan if it is actually a good plan. If it is not a good plan, it's normal and very acceptable to either abandon it or adjust it even with many details for having a better plan for your investment.

With people who have yet found a good investment strategy, they need to learn, practice and make adjustments until they feel well with a strategy which they believe will bring good profit while they are already familiar with that strategy with their actual practice. It will be time to stick with that investment strategy and be disciplined with practice, then portfolio will be built up with time and profit will come with time too.

Whenever we are learning something new, and incorporating it into our lives, then it is good to pay attention to our process, to have an open mind, and to review our process on a regular basis so that we can identify areas in which we might consider making changes and/or improvements.

[liasbaa]

By just ignoring day to day swings of prices and thinking in terms of long term view, you will be able to get past noise and become member of top group of Bitcoin holders world over.

The point there is that the fair weather investors which are the traders are the once that are always worried and skeptical about the market price, because since they are only there for quick profit any slide dip in price is always a very big threat to them, but possibly those that invested with the goal of holding for decade or more are the real investors that enjoy deep down from the buttom pot of their investment.

I consider investors who can take risks in Bitcoin investment to be real investors. Taking risks means that the investor will continue to accumulate Bitcoin regularly through discretionary income so that he does not deviate from his goal. You talked about opportunistic investors but everyone looks for benefits in investment but investors who expect high profits in a short period of time are traders and they suffer financially due to wrong decisions. You talked about holding for a decade in Bitcoin accumulate but I think such a huge target level in the initial stage of investment will be difficult or there may be a fear of being discouraged in investing. Use the DCA method for Bitcoin accumulation and keep running continuously and consider the period initially one cycle or 4 years and another cycle when it is completed. As the income increases during this time increase Bitcoin accumulation and maintain DCA until the over accumulation point.

[sotelorene]

I totally disagree with you, investing beyond someone's means doesn't mean they are not responsible because there are factors that can make someone to invest beyond their means which is either they want to trade or they have another motive and you can not possibly call someone irresponsible because they are trading Bitcoin because it is their choice and that is how their level of knowledge and understanding is but some who wants to accumulate and hold for long term will never invest more than or beyond their discretionary income.

If you include trading as an investment, then I agree with your disagreement. But I should have clarified the matter. I actually see investment and trading as two different things. But whatever it is, it is important to behave responsibly in all our actions. What do you say?

Trading bitcoin is not investing in bitcoin, these are two very different things and should not be considered as being the same thing, any individual who is willing to invest in bitcoin beyond what their discretionary income can allow is making a big mistake and is being inresponsible as an investor, it's better to call yourself a trader if you are trading rather than trying to cover it under the umbrella of an investment, bitcoin investment is a long term business so a true investor will know to invest only with their discretionary income.

I agree with you people who are trader in a disguise is really fooling themselves because when the time comes they will be the one that will Panic and sell so it is a thing or issue of no use to me. Trading can never be compared with investment because Investment is completely different from trading and you don't have or need to worry about the volatility of the market. I have also observed that a true investor will never panic no matter the dip and most times those who panics are the traders in disguise.

[yixichloro2xx]

By just ignoring day to day swings of prices and thinking in terms of long term view, you will be able to get past noise and become member of top group of Bitcoin holders world over.

The point there is that the fair weather investors which are the traders are the once that are always worried and skeptical about the market price, because since they are only there for quick profit any slide dip in price is always a very big threat to them, but possibly those that invested with the goal of holding for decade or more are the real investors that enjoy deep down from the buttom pot of their investment.

I consider investors who can take risks in Bitcoin investment to be real investors. Taking risks means that the investor will continue to accumulate Bitcoin regularly through discretionary income so that he does not deviate from his goal. You talked about opportunistic investors but everyone looks for benefits in investment but investors who expect high profits in a short period of time are traders and they suffer financially due to wrong decisions. You talked about holding for a decade in Bitcoin accumulate but I think such a huge target level in the initial stage of investment will be difficult or there may be a fear of being discouraged in investing. Use the DCA method for Bitcoin accumulation and keep running continuously and consider the period initially one cycle or 4 years and another cycle when it is completed. As the income increases during this time increase Bitcoin accumulation and maintain DCA until the over accumulation point.

I understand your point, but I still think that risk alone doesn't define someone as  an investor. What's more important is how someone manages that risk over time. A lot of investors failed in Bitcoin not because they didn't take risks,but because they didn’t think about what could go wrong. . When the market moves against them, they are forced to sell as a result of lack of proper planning. A proper risk management is when you size your investments in a way that you can survive in the market especially during periods of losses in the long run i.e how much you can afford to lose, keeping your emotions in check , reduction of high expectations of profit, and knowing how long you can hold your investments, etc

[Big Dirams]

It feels wrong saying profit motivates beginners. Ones future goals should be reason enough to motivate you and not some few bucks. If you're having that mindset as a beginner then it's likely to affect your investment because the market is full ups and downs and profit is not guaranteed. It's best to focus more on your future goals rather than profits. Focusing on your future goals encourage patience which every investor needs.

I agree with u, As an investors having mindset of fast profits or securing profit during our investment journey is not encouraging at all, focusing on our long term goals is a positive way of investing in bitcoin. When a investor has the mindset of securing profits in their bitcoin journey then in my opinion it shows that such holders has no emergency funds and before walking into bitcoin investment one need discretionary income for accumulation of bitcoin and setting aside a emergency funds is one priority also so we wouldn’t be rushing back to our holdings each time we need emergency money.

 Setting aside emergency funds would restrain us from going for our investment instead it will help in setting our mind from our holdings and allow it to grow more for the future and more accumulation would be more easier.

[Wind_FURY]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

[Agbam]

Anyone who invest in bitcoin do it for the sake of profit, so if anyone will come out and say he did not invest to get profit honestly I may not disagree with that statement reason is that, there are some people who are into the bitcoin investment just to save money, but they are not many. People who are investing now do it for porfit, that is why you will see that they invest for a long period of time, because we all know if it’s take that time they will make some good profit from their investment. So

So the fact is that, people who invest without the intention of profit are not many and it was before, everybody is now doing it for for money.

No one invests in Bitcoin just because they want to invest in it. Even those who don't understand Bitcoin aim to make profit from Bitcoin investment, and even those who understand Bitcoin don't invest in it because they just like Bitcoin; it is the profit and value that attract people to invest in it.

The reasons why people invest in Bitcoin are as a store of value, which they buy Bitcoin they never plan to use, and this Bitcoin can be theirs for a long time. Some people invest in Bitcoin because they see it as an investment that can be held for a long time until they are ready to make a profit. So, the goal of investing in Bitcoin is just to make a profit and nothing much more.

For sure bitcoin investment comes with profit but then that shouldn’t be that actual aim why you go into it. Bitcoin investment should be consider as your future, it like making plans and securing you future. I know A lot of people go into it just to make profit and they are actually getting misled, they need to have a mindset of what bitcoin investment actually means.

You know when you go invest in bitcoin for the profit your emotions tends to get attached to it and you are likely to make a wrong decision in the future.

I agree that the aim of going into bitcoin should be to secure our future and have a hedge over inflation and all that but how are you securing your future?…. If you look at it very clearly it’s through the profits that you make from your investments, if there’s no profits in the investment then your plans have failed. If you’re experiencing a loss of investment it’s no longer a secured future until there’s a profit.
So those who say they go into bitcoin for the profits are also right in their stands. Going into bitcoin for profit doesn’t necessarily mean I’ll be agitated and emotional about it.

[Decimetre]

I agree that the aim of going into bitcoin should be to secure our future and have a hedge over inflation and all that but how are you securing your future?…. If you look at it very clearly it’s through the profits that you make from your investments, if there’s no profits in the investment then your plans have failed. If you’re experiencing a loss of investment it’s no longer a secured future until there’s a profit.
So those who say they go into bitcoin for the profits are also right in their stands. Going into bitcoin for profit doesn’t necessarily mean I’ll be agitated and emotional about it.

We can only secure the future by making a plan that will suit the future. This is where bitcoin comes in. The problem is that most people confuse saving for the profits with trading. Trading is aiming at a short term profit, not being able to hold your bitcoin for a long time and this is why they see bitcoin as a trade due to their greed. From my understanding, bitcoin is not supposed to be where you base your livelihood but where you save the reward for your livelihood in order to make an accumulated profit.

A person who buys bitcoin from his leftover money (Investor)is different from another person who buys bitcoin For his livelihood (Trader). The second person depends on timing the market and hoping that he makes a gain while the first person invests his bitcoin for a long time knowing fully well that there's a high probability of making a profit in the long run.

[Bobrox]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

Current crucial moment is the best way keep accumulating bitcoin during DIP price and DCA, if prefer DCA who investing for monthly I think loss opportunity to buy bitcoin during at DIP price. Talking about how much DIP just buy back when bitcoin get dump more than few percent from current higher price and then waiting another time possibility bitcoin will up and down before conflict between Iran and United State end.
Sometime we give opportunity for billionaires buy back many bitcoin during at lower price and our self getting panic to sell it, so change the strategy of investment in bitcoin right now not only buy back during the DCA way but also always prepare fund if bitcoin get dump and make new DIP price.

[ChocolateBitcoinK]

I totally disagree with you, investing beyond someone's means doesn't mean they are not responsible because there are factors that can make someone to invest beyond their means which is either they want to trade or they have another motive and you can not possibly call someone irresponsible because they are trading Bitcoin because it is their choice and that is how their level of knowledge and understanding is but some who wants to accumulate and hold for long term will never invest more than or beyond their discretionary income.

If you include trading as an investment, then I agree with your disagreement. But I should have clarified the matter. I actually see investment and trading as two different things. But whatever it is, it is important to behave responsibly in all our actions. What do you say?

Trading bitcoin is not investing in bitcoin, these are two very different things and should not be considered as being the same thing, any individual who is willing to invest in bitcoin beyond what their discretionary income can allow is making a big mistake and is being inresponsible as an investor, it's better to call yourself a trader if you are trading rather than trying to cover it under the umbrella of an investment, bitcoin investment is a long term business so a true investor will know to invest only with their discretionary income.

I agree with you people who are trader in a disguise is really fooling themselves because when the time comes they will be the one that will Panic and sell so it is a thing or issue of no use to me. Trading can never be compared with investment because Investment is completely different from trading and you don't have or need to worry about the volatility of the market. I have also observed that a true investor will never panic no matter the dip and most times those who panics are the traders in disguise.

A long-term investor should never panic about volatility. Those who cannot control their emotions are the ones who panic about volatility and make wrong decisions. That is why we need to have a clear understanding of the difference between these things, trading and investing are definitely different, their types and means of management are different, and their risks and possibilities are also different. That is why ultimately success depends on the individual's goals, patience and decision-making ability. A real investor does not give importance to the daily rise of the market, but rather he maintains the continuity of his investments over time and believes in overall long-term growth.

[ZeroVinsonN]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

It would be nice to buy at a discount but we shouldn't have to dwell on it too much that we start thinking it's the best move to make as investors, when people start anticipating a DIP they start waiting for it and waiting to buy the DIP is not smart at all for someone who is still accumulating bitcoin, the DCA is a better alternative. The big advantage right now is that if the price goes down, people investing with the DCA will also be buying at a discount, buying at a cheaper price means buying more bitcoin.

[Jamestown70]

We can only secure the future by making a plan that will suit the future. This is where bitcoin comes in. The problem is that most people confuse saving for the profits with trading. Trading is aiming at a short term profit, not being able to hold your bitcoin for a long time and this is why they see bitcoin as a trade due to their greed. From my understanding, bitcoin is not supposed to be where you base your livelihood but where you save the reward for your livelihood in order to make an accumulated profit.

A person who buys bitcoin from his leftover money (Investor)is different from another person who buys bitcoin For his livelihood (Trader). The second person depends on timing the market and hoping that he makes a gain while the first person invests his bitcoin for a long time knowing fully well that there's a high probability of making a profit in the long run.

I’ll say it more of one’s conviction on investment and trading, there are so many person out there that believe they can make it via trading and they put all effort to make sure they learn those strategy to be profitable in trading because they’ve been convinced with flamboyant lifestyles of social influencers, but so far we’ve got very few successful traders.

And also there are others that believe in long term investment, they’ve analyze the inconsistency that comes with trading, the constant monitoring of price action, and fluctuating emotion every sec. These set of persons are not really moved by short term profit, so they put all effort to be consistent in their investment, until it get to the designated time they’ve scheduled. These set of persons are the ones that will likely be profitable  with Bitcoin investment

[Abbatty]

It feels wrong saying profit motivates beginners. Ones future goals should be reason enough to motivate you and not some few bucks. If you're having that mindset as a beginner then it's likely to affect your investment because the market is full ups and downs and profit is not guaranteed. It's best to focus more on your future goals rather than profits. Focusing on your future goals encourage patience which every investor needs.

I agree with u, As an investors having mindset of fast profits or securing profit during our investment journey is not encouraging at all, focusing on our long term goals is a positive way of investing in bitcoin. When a investor has the mindset of securing profits in their bitcoin journey then in my opinion it shows that such holders has no emergency funds and before walking into bitcoin investment one need discretionary income for accumulation of bitcoin and setting aside a emergency funds is one priority also so we wouldn’t be rushing back to our holdings each time we need emergency money.

 Setting aside emergency funds would restrain us from going for our investment instead it will help in setting our mind from our holdings and allow it to grow more for the future and more accumulation would be more easier.

This have always been the problem, most people see bitcoin investment as a fast making money scheme, they come with the mindset to make money and that is totally giving bitcoin investment a wrong interpretation. Bitcoin investment should be more of a saving thing for you that why is always advise to constantly buy using the DCA method, there is no better time to invest in bitcoin because it better to start accumulating little by little than waiting for the Dip before you invest.

As a bitcoin investor never prioritize profit making rather prioritize saving for your future, making plans, securing and putting your future in a very safe endowment.

[Rockson1]

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

Are you sure that you are learning? so we should make profit the subject matter because you think we must have to talk about it all the time, may be you should create a thread and TItle it profit lolz, you have to understand something here, it is not as if we do not know how important profit is, but that is not the major thing to discuss, step by investment process first, do not forget that we are dealing with newbies and some old folks that looks a bit confused, so it is better we keep talking about the very good approach investors can apply to make Bitcoin investment very easy for themselves, someone has to invest properly and hodl for a long-term before they can now consider profit in the future, so you see why we can not make profit a discussion.

[Nheer]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

Sounds like this Iran's drama will benefit the crypto market but only those who sees it as an opportunity will actually gain from it. It's another time to get a discount from the market and you're right we shouldn't let the big investors have all the fun. It's no time to freak out it's time to keep buying as you have been doing and stick to the long term holding plan.

Sometime we give opportunity for billionaires buy back many bitcoin during at lower price and our self getting panic to sell it, so change the strategy of investment in bitcoin right now not only buy back during the DCA way but also always prepare fund if bitcoin get dump and make new DIP price.

There's no need to change the strategy because you can't invest more than your capacity. You're already investing with DCA it's enough, doing that still gives you more Bitcoin in times like this because there's a discount. Using a different strategy will require more funds and so when you change strategy you might accidentally invest more money than you can afford to lose. Even with DCA you can be aggressive and increase your investment amount as long as you are using discretionary income and not doing too much.