Road to 100k?

[Marvelockg]

wherever you dont need to hold onto something you can sell.  Exchange it to BTC and hold it over years has been a good idea prior and imo also will again even in this sharp sell.   Lower price is more BTC in exchange, for buyers its a positive of course

this is just the perfect way to start off as an investor and remain consistent in your BTC accumilation. It reminds me of having a saving box where you drop in any spare money you're not in a haste to make use of, you continue doing it without knowing how much you've even added because the hole is too small such that you can't take it out untill you break the entire box. At the end of the year you just open your box and discover that you've saved up a lot of fiat. It's not even like Bitcoin that we're sure that after we keep stacking up for long, we're going to be profitable at it but yet you're always refreshed and excited that you were disciplined enough not to touch the box till you've reached the time you've set out for yourself. Exact same things is what's still applicable with BTC accumilation using the DCA methord. It doesn't matter how small your DCA amount is, what matters more is that you're consistent at it and that you're never in a haste to sell.

Small amounts especially regularly adds up.   I examined an excellent fund back at 2000 at the start of the century.   If all I did was say 50 regularly into that it'd be massive now (it grew 20x), I took the safer route in that case but I got to learn the lesson.   Also I used a lump sum when regular was proven a good idea]   It applies even more to BTC, just dont put in anything you cannot hold through any painful market gloom; that is the hard part.

DCA methord is just like a droplet of water on a surface, at the start it seems like nothing is adding up untill you continue adding up and up and then after you've remained consistent for a long Time, it become something you're definitely proud of.

Thanks for sharing this with us, it's always good to hear from earlier Bitcoin holders and get encouraged to keep stacking our Bitcoin and never sell in a haste.

[I_Anime]

It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.

But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.

The price rise or fall of Bitcoin is a natural process. And since it is the most volatile, investors are always suggested to accumulate bitcoins. For those who plan to hold Bitcoin for the long term, price volatility is not an issue. They can collect bitcoins without any worries. Those who value DCA will benefit the most. Bitcoin will create new ATH today or tomorrow and thus they will cross $100k anytime but not everyone will benefit there only those who hold Bitcoin will benefit. It is important to stay focused on a specific target rather than panicking over a temporary price decline in the market.

Yeah DCA is one of the most method with alot of benefits attached to it , because one will be able to accumulate Bitcoin at different price intervals , without any fear of the dip , instead accumulating when the price is high or low.  And this method is not only for those who don't have enough cash , is literally for everyone who have interest in investing in bitcoin, we also have some nice means of accumulating Bitcoin which is lump-summing ( buying in bulk or going all in at once). This literally help to boost one accumulation given them a good head start in their accumulating journey.

[Anayochukwu]

It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.

But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.

You are right, The current market downturn may not be balanced for now but it's actually a good time to accumulate more at a cheaper price and let's not forget that Bitcoin has a history shows of fluctuating. Let's keep our fingers crossed and not panic, perhaps we will see a rebound soon And our patience will pay off.

[laijsica]

It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.

But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.

The price rise or fall of Bitcoin is a natural process. And since it is the most volatile, investors are always suggested to accumulate bitcoins. For those who plan to hold Bitcoin for the long term, price volatility is not an issue. They can collect bitcoins without any worries. Those who value DCA will benefit the most. Bitcoin will create new ATH today or tomorrow and thus they will cross $100k anytime but not everyone will benefit there only those who hold Bitcoin will benefit. It is important to stay focused on a specific target rather than panicking over a temporary price decline in the market.

Yeah DCA is one of the most method with alot of benefits attached to it , because one will be able to accumulate Bitcoin at different price intervals , without any fear of the dip , instead accumulating when the price is high or low.  And this method is not only for those who don't have enough cash , is literally for everyone who have interest in investing in bitcoin, we also have some nice means of accumulating Bitcoin which is lump-summing ( buying in bulk or going all in at once). This literally help to boost one accumulation given them a good head start in their accumulating journey.

You are right. The DCA method is just the right way to accumulate bitcoin for each individual which can further influence the stash's growth over time. Lump sum is not generally affordable for everyone but DCA applies to everyone, rich or poor. I think if you want to accumulate bitcoins you should start today you don't need to wait for the price to dips because every buy of long term DCA positively affects the growth of your bitcoin holding regardless of the price.

[Iamgoat]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading according to the nature of Bitcoin.

It's a well-known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Yes you are right am an inexperience trader when it come to Bitcoin investment I don't gamble or trade with my Bitcoin I can see that you are a full time Bitcoin trader, when it comes to Bitcoin investment you should have keep it for your self rather than posting it here for it can mislead some newbies who may visit this thread having an intention to invest in Bitcoin believing that trading in Bitcoin will be the best option to go but wrong. Trading is might result to great lost, for is best to invest in Bitcoin for a long time purpose with your DCA method buying Bitcoin bit by bit weekly or monthly to help your grow a good Bitcoin portfolio it Bitcoin stack.

People choose trade and end up with lose basically because they lack the skills and knowledge when it comes to trading field. For example, an investor will always go for investment meanwhile traders will go for trading so all this doesn’t matter. The only problem I get with traders or rather newly traders with zero strategy is they always want quick profit without learning first and most times they feel trading is easy compared with investing but that’s a lie, there’s this saying “what you know best will always speak for you “ meaning everyone should have the basic knowledge first before going deeply for example; bitcoin investment is program as a long term investment whereby an investor is expected to buy and hold secondly emergency funds is also needed more like a back up fund, etc. After reading different comments I think I understand, maintaining discussion is hard most times mostly when the discussion is not about trade rather holding so it’s best we try not to go off as there’s a board for trade and different kinds of discussions.

You remind me of how people learn crypto signals and still see it as the only knowledge they need to learn as a trader and from one or two tutorials on how to trade on exchanges, they assume the position of full-time traders and reach the level of taking classes for others to learn how to trade in bitcoin. I have joined one of such classes before in Telegram.

This is mostly practiced by tech influencers who jump into bitcoin trading over a week and immediately begin to teach their audience trading while only focusing on dropping signals for them. I don't know what to say to this but I think there's more to trading than dropping signals in tutorials and leading people to learn trading with out sufficient knowledge on how they could properly manage their trades or the risks included in it. I heard many of these influencers like the one I encountered do it for the contracts they probably signed with the exchange companies to promote their business. Though I am aware people live and earn by those signals. I also know crypto signals are a great way to ease trades for traders particularly the newbies learning to improve on their trading skills. but is it sustainable or good enough for the influencers to say they're now professional traders?

People choose trade and end up with lose basically because they lack the skills and knowledge when it comes to trading field. For example, an investor will always go for investment meanwhile traders will go for trading so all this doesn’t matter. The only problem I get with traders or rather newly traders with zero strategy is they always want quick profit without learning first and most times they feel trading is easy compared with investing but that’s a lie, there’s this saying “what you know best will always speak for you “ meaning everyone should have the basic knowledge first before going deeply for example; bitcoin investment is program as a long term investment whereby an investor is expected to buy and hold secondly emergency funds is also needed more like a back up fund, etc. After reading different comments I think I understand, maintaining discussion is hard most times mostly when the discussion is not about trade rather holding so it’s best we try not to go off as there’s a board for trade and different kinds of discussions.

Trading is very complex making it too challenging for profit making especially to those with shallow knowledge. Trading bitcoin offers quick profits which can attracts many individuals who might not really have the necessary skills  to navigate the high level of risk involved resulting to loss. It only takes a very skillfull and  good trader to profit from trading and they are very rare and only few of them can make profit out of trading.  The rate of success in trading cannot be compared to that of bitcoin investment, bitcoin investment has very high rate of successful beneficials. Holding Bitcoin has generally outperformed trading due its simplicity and the effectiveness of strategy like DCA. Its important  to promote long term Bitcoin investment over trading, holding Bitcoin for a long term have historically shown more consistent and reliable results compared to trading especially for those looking forward to grow their investment with minimum risk.

What makes many people to fail in trading is greed. Some traders enter into short trades with high hopes of making much profits from it through signals. Some people fail in some trades because they try to be more ambitious than even the signal providers thereby not adhering to the recommendations made by the providers in terms of make profits and stop losses. Some decide to extend trades more than the time recommended by the signal providers or quit trades before the time recommended by the signal providers.

But there's little lose in investment than in trading because when you learn how to invest properly in Bitcoin, you can always take advantage of the uptrend of the market. Employing the DCA strategy in Bitcoin can be an effective strategy to begin with because it is more stable than trading.

[wmaurik]

You are right, The current market downturn may not be balanced for now but it's actually a good time to accumulate more at a cheaper price and let's not forget that Bitcoin has a history shows of fluctuating. Let's keep our fingers crossed and not panic, perhaps we will see a rebound soon And our patience will pay off.

Patience must always be increased in market conditions like today as well as continuing to increase our own capital in order to continue buying Bitcoin at the current price level of $60K. Because we can all always learn from past history where Bitcoin has always been able to recover after a price drop and now the opportunity has returned to everyone who wants to own Bitcoin and buy it at a lower price than the end of last month. And I am still quite optimistic that Bitcoin can still turn to a higher level even though at the beginning of this month its movement has started to be a little sluggish even though it can provide an opportunity for everyone to re-enter the market and buy more Bitcoin.

[Fuso.hp]

Low income earners who do barely have enough to feed exist but in such situation, investing in Bitcoin is the last thing they should worry about because they need money to invest in Bitcoin. If they use the money they are supposed to use for feeding and invest in Bitcoin, it is a matter of days or week before they sell the Bitcoin because food is a basic necessity unless they have decided that they will die of hunger instead of selling their Bitcoin so that when they die someone else will sell the Bitcoin or it becomes lost coins.

To invest in Bitcoin and be able to HODL it, the investor must first of all set up the money for their basic needs which cover food, shelter, medical and others. After then the investor have to protect the investment by setting up emergency funds that will take care of things that fall outside the basic needs which can come up unplanned. It is after this two set of funds are in place that there will be some level of confidence that the investor can invest in Bitcoin and HODL without the pressure to sell.

Your right. Some persons shouldn't worry about starting an investment until they are capable of sustaining it. There are thins that are criteria to secure an investment ongoing on. One is to have enough to take care of monthly needs, if we have a family then the family first before thinking of investing. Expenses as rent, tuition fees, and emergencies fund should be met first before proceeding with the investment. When i hear people using money that was meant for this important life needs to invest in Bitcoin i feel sorry because it doesn't take them long they sell off the investment in the short term with little profit. As an investor i think it is good we ask our self what is the vision we have for our investment, if we are in for short or long term because a successful Bitcoin investment is determined by the level of discipline, consistency and sustainability of effort an investor put into it in the long term.

If the family is totally dependent on my income then we can think of investing with the remaining amount of money after meeting the needs of the family first. No one will advise you to invest without family. However, if properly planned, one can fulfill one's dream by investing in one's own investment, even if one earns relatively less money but meets the needs of the family. In order to invest, the investor must first be interested enough in his investment and give a lot of importance to the matter. When the matter is given a lot of importance by the investors, they will be able to maintain the continuity of investment consistently. 

Those who dream that Bitcoin will one day cross $100k are trying to invest in a long-term plan anyway. If they keep on trying like this then in time they will definitely succeed and the expectations they have invested in will be fulfilled.

[JayJuanGee]

You are right, The current market downturn may not be balanced for now but it's actually a good time to accumulate more at a cheaper price and let's not forget that Bitcoin has a history shows of fluctuating. Let's keep our fingers crossed and not panic, perhaps we will see a rebound soon And our patience will pay off.

Patience must always be increased in market conditions like today as well as continuing to increase our own capital in order to continue buying Bitcoin at the current price level of $60K.

That comes off as a bit of a weird way of characterizing what bitcoin investor are doing when they are continuing to buy bitcoin during these times in which the BTC price is dipping.

You are technically correct that putting income into bitcoin would be attempting to build and/or preserve capital for the future since the cash (or value) would be held in bitcoin rather than holding the value in cash or in some other asset...   But it seems to me that the increase in capital does not come in any kind of a quick and/or noticeable way, even though surely on our ledger (to the extent that we are keeping track of our BTC stash), we would be able to see that our quantity of satoshis is getting greater and greater,  even though through BTC's price fluctuation, including its going down, it could well be the case that we might have ongoing periods in which the overall value of our BTC holdings and even our overall wealth in general is going down (and thus our capital is going down) based on the BTC price going down more than it is going up... and at the same time, there continues to be no guarantee that the BTC price is going to go back up merely because it went down.. so almost always, we likely have to consider the extent to which we want to continue to place value into bitcoin as compared with placing that value into some other asset (whether cash or some other asset).

Likely there are a decent number of already convinced bitcoiners who do not lose any confidence in terms of keeping decent amounts of their wealth in bitcoin or add more to the amount of their wealth in bitcoin, whether the BTC prices are going up or they are going down, and there does not even need to arise some level of anything close to certainty about the bitcoin's price going up or maintaining its value in order to retain a sufficient enough of confidence in bitcoin to either keep decent amounts of value in bitcoin or to continue to add value to bitcoin in order to keep such value in bitcoin as opposed to other places that the value could be placed or kept.

Because we can all always learn from past history where Bitcoin has always been able to recover after a price drop and now the opportunity has returned to everyone who wants to own Bitcoin and buy it at a lower price than the end of last month.

I agree with any proposition that 1) bitcoin remains an asymmetric bet to the upside, 2) bitcoin is one of the best, if not the best place to put extra value and 3) bitcoin's investment thesis is not becoming weaker with the passage of time, including during times in which there seems to be quite a bit of downward price pressures (and momentum).  Nonetheless, it still seems problematic to me, when bitcoin's price performance is characterized as if there were some guarantee that the price is going to be going back up when it goes down.  To me, it just seems a wrong way of describing why we (and most people in the world) should be continuing to buy bitcoin as aggressively as we are able to with our discretionary income in a consistent, persistent and ongoing way.

And I am still quite optimistic that Bitcoin can still turn to a higher level even though at the beginning of this month its movement has started to be a little sluggish even though it can provide an opportunity for everyone to re-enter the market and buy more Bitcoin.

I am glad that you keep your confidence in bitcoin, even though from my perspective, our price moves in bitcoin, which has largely been between $53k and $74k since the end of February, we have largely been consolidating in the top of bitcoin's price range, so even though our current BTC price correction of the past week or so has seemed to be somewhat dramatic, we still have not fallen out of this top of the price range, even though we are getting closer and closer to the bottom of such range.

In other words, the supposed severity of our recent BTC price corrections in the last week or so comes off as largely noise... Who cares?  Just look at your own situation, and if you have enough bitcoin either HODL through it and maybe consider if you might buy some more at various price points, and if you don't have enough bitcoin, then just continue to buy bitcoin.   And, by the way, an overwhelming majority of the world's population fits into the category of not having enough bitcoin, and there is even great number of people who are no coiners and are low coiners^**.. so those folks who are no coiners or low coiners surely should be buying bitcoin rather than either ignoring bitcoin or engaging in some kind of waiting strategy.

**My own definition of a "low coiner" is not merely someone who does not have enough BTC, but instead my definition of a low coiner in the context of criticizing them for not ongoingly engaging in practices to continue to accumulate BTC, even though they know about bitcoin and have previously purchased some bitcoin.

Those who dream that Bitcoin will one day cross $100k are trying to invest in a long-term plan anyway. If they keep on trying like this then in time they will definitely succeed and the expectations they have invested in will be fulfilled.

I seem to agree with everything that you say in your post, except when it comes to these last two sentences, and in your last two sentences, it seems to me that you write as if investing into bitcoin is guaranteed to return profits, yet it is not.

Waiting is part of the business so anyone who cannot wait will not be able to survive in Bitcoin investment. So, it is good to get the mind properly set on the right track with the understanding of the fact that investment in Bitcoin is a waiting game.  Whichever method anyone choses, be it DCA or buying the dip, there is some element of waiting and even when the Bitcoin have been bought, waiting is needed because holding is still part of waiting.

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

Every dip should be a buying opportunity and we shouldn't panic, great investors don't panic when they market is falling because they buy and if we are busy buying. We won't have the time to come online to complain that they price of Bitcoin is falling. You're right by saying waiting is a part of business and investing in Bitcoin can be considered your business because of the profits it can give us but we shouldn't only be depending in Bitcoin as we can have other investments outside of cryptocurrency to help us in bear seasons.

I largely agree with the sentiment of what you seem to be saying Bananington; however, I am a little confused by your suggestion that ongoing action rather than waiting might be something that we balance in our other investments and/or outside of "cryptocurrency," which also causes me to consider that might be having some difficulties in regards to how our likely need for ongoing action, rather than waiting, might need to remain focused upon a continued buying of bitcoin to the extent that we might not yet have enough bitcoin.. so in some regards, our problem (during dips like these or even during long periods in which bitcoin is failing/refusing to go up as much as we might have had anticipated) is that we might well not have enough bitcoin and we might need to just continuing buying bitcoin, even if our ongoing purchasing of bitcoin might end up raising our average costs per BTC. 

It is a bit difficult for me to consider that during something like our current BTC situation that our solution relates to NOT remaining focused upon ongoingly continuing to accumulate bitcoin, so that in several senses, the idea of actually waiting would ONLY really come into play once we have accumulated enough or more than enough BTC.. so that was also a bit of my issue with the ways that Moreno233 seemed to be describing what an already existing BTC holder should be doing... and part of my difficulty with the whole idea of waiting is that such a practice likely does not really apply very much for any bitcoin accumulator/holder who has not yet reached a sufficient and/or excessive amount of BTC.. .. so even if I largely understand the idea of waiting and/or patience, but it just seems problematic to be describing the position of anyone who is not sufficiently or overly allocated to bitcoin to be one of waiting, since it is more likely that such person should likely be continuing to accumulate bitcoin regularly or to have various relatively reasonable price targets in which s/he would ongoingly be buying BTC on dips... and yeah it surely seems that these days, and even currently in the past week or so, we have had been having decently strong dips that really don't make a whole hell of a lot of sense outside of merely being opportunities to continue to buy while others are seeming to fuck around selling bitcoin when they probably should be buying it.

[avp2306]

Waiting is part of the business so anyone who cannot wait will not be able to survive in Bitcoin investment. So, it is good to get the mind properly set on the right track with the understanding of the fact that investment in Bitcoin is a waiting game.  Whichever method anyone choses, be it DCA or buying the dip, there is some element of waiting and even when the Bitcoin have been bought, waiting is needed because holding is still part of waiting.

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

Every dip should be a buying opportunity and we shouldn't panic, great investors don't panic when they market is falling because they buy and if we are busy buying. We won't have the time to come online to complain that they price of Bitcoin is falling. You're right by saying waiting is a part of business and investing in Bitcoin can be considered your business because of the profits it can give us but we shouldn't only be depending in Bitcoin as we can have other investments outside of cryptocurrency to help us in bear seasons.

The problem with some people is they want fast profits for short term. That's why they  got interested on the idea that they can earn easily on trading. They forgot to realize how risky they are participating unless they already lose their money.

Learning trading is really fine there's nothing wrong with that if they can spend,willing to learn and can accept those losses, also if they are enjoy what they are doing.

But if they can't afford to lose and want to make sure that they are in right investment then I guess bitcoin investment for long term would be the best option they could able to select. To many people got afraid right now at current dip since maybe they didn't expect that bitcoin would drop that far. But that should not stop us to accumulate since every dip or any recovering situation should be a opportunity, since this is how we increase our bitcoin balance and possible gains. Gaining lots of volume from dips is just a bonus so we nee d to be consistent on accumulation in every situation since success from holding depends on how the investor take action. 

[wxa7115]

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

edited

Despite trading and investing being the two only ways to profit from the markets, they are diametrically opposite on their approach, with trading rewarding a reactive approach, in which a price movement that is considered to be large enough by the strategy used by a trader, means the trader will open a position in favor or against that movement, hoping their prediction about the future movements of that asset are correct.

However an investor is encouraged to take an active approach, in which regardless of the short term fluctuations their portfolio may experiment, their analysis regarding the asset in which they are interested takes precedence over everything else, so they keep buying more of it, now whether they do this by buying constantly regardless of the price, DCA, or they wait for the price to go down and take advantage of it, buying the dip, is irrelevant for the most part.

It is because of this I believe people should take a decision early on about what particular path they want to take, since a person that was unsuccessful as a trader and now wants to try to become an investor to see if they can get the results they want, will have a great deal of issues adjusting themselves to the new demands investing will ask out of them, since every time the price of bitcoin moves like it did recently, losing 12% in just 24 hours, it will cause in them severe doubts about what they are doing and it is likely they will sell all their holdings in a year or two, and soon enough they will go back to trading.

[Yucky]

There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

edited

Despite trading and investing being the two only ways to profit from the markets, they are diametrically opposite on their approach, with trading rewarding a reactive approach, in which a price movement that is considered to be large enough by the strategy used by a trader, means the trader will open a position in favor or against that movement, hoping their prediction about the future movements of that asset are correct.

However an investor is encouraged to take an active approach, in which regardless of the short term fluctuations their portfolio may experiment, their analysis regarding the asset in which they are interested takes precedence over everything else, so they keep buying more of it, now whether they do this by buying constantly regardless of the price, DCA, or they wait for the price to go down and take advantage of it, buying the dip, is irrelevant for the most part.

It is because of this I believe people should take a decision early on about what particular path they want to take, since a person that was unsuccessful as a trader and now wants to try to become an investor to see if they can get the results they want, will have a great deal of issues adjusting themselves to the new demands investing will ask out of them, since every time the price of bitcoin moves like it did recently, losing 12% in just 24 hours, it will cause in them severe doubts about what they are doing and it is likely they will sell all their holdings in a year or two, and soon enough they will go back to trading.

I just love everything you've pened down here because what really differentiate an Investor from a trader is there reaction to Bitcoin price movement. While one easily gets moved by sudden event and selling becomes his immediate response, the other doesn't become bothered about the market conditions as such but rather ceases such opportunity to built up a better portfolio. A lot of persons with the mentality of getting quick profit from Bitcoin would become worried at thus dump and it's already reflecting with the kinds of post that's flooding on the forum. It's good to establish your position as regards if your fully ready to invest in Bitcoin for the long term or just trying to gather a few profit within a short span of time. If you're ready for being involved in Bitcoin for the long term, then the mentality has to change to a position where you accept that along your investment journey, you're going to see a whole lots of ups and down and that regardless of how low it gets at some point, selling a particular holding you've acquired is totally out of the plan.

Apart from the additional feature Bitcoin has grown to possess  which makes it a viable asset, owning Bitcoin is too precious to let go of just because of a market condition. The dump Bitcoin has witnessed has affected every asset in the decentralized system and it's not even as though the worlds economy is currently doing too well. We've chosen the part of holding our Bitcoin throughout these phase and throughout whatever will happen in next couple of years because we're investors. we don't sell untill it's necessary to.

[Sexylizzy2813]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

[Ruttoshi]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

New investors should be happy with the current dip because it is an opportunity for them to accumulate more bitcoin at a cheaper rate. Buying regular with DCA is the best because at times like this you will not be left out to benefit from the dip and I don't think that any new investor should worry about bitcoin dipping to $50k because that should not be his concern. His concern is to continue accumulating and building his bitcoin portfolio towards his bitcoin target with his ongoing DCA consistently and persistently because he is on a long term investment and bitcoin will surely recover and even go higher above $100k in 4 years time.

So this is a good price and time to take advantage of the market instead of panicking. Old investors are already used to bitcoin price movement and it is a norm to them to continue hodli without fear because many of them are already into good profit due to the compounding effect of their bitcoin portfolio. But the truth is that nobody loves to see the value of his bitcoin investment going down due to market dip.

[rachael9385]

now we have it at $50k which is not in anyway trying to go up, who's going to complain more,

Presently , this is a time to keep accumulating and not to be complain because as Bitcoin is concern it will also increase again and it's just within a short time, which means buying now won't be a bad idea.
However I saw the price of BTC @51k this morning if am not mistaken but immediately I read your comment I still checked and it was @55,300k and as I said earlier that as it reduces it will still increase, so we shouldn't panic.
As for new Bitcoin investors that doesn't understand about Bitcoin price fluctuation they will likely sell of their bitcoin because most of them do not understand how Bitcoin works but for old investors they will lose little money (either profits or capitals) but they might not sell because they already knows that Bitcoin is always fluctuating.its only investor that doesn't plan on holding for long term that will see their Bitcoin because it dipped to 51k earlier today.

[Anayochukwu]

who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

If you are asking between old and new investors, who's going to complain more about the fluctuation of Bitcoin then I'd say that new investors are more likely to complain more because old investors has been in the market longer and they know how it works. An old investor would feel disappointed and frustrated but only to an extent because they are sure that Bitcoin will always raise and they will never sell off their hodlings out of panic and fear of losses but a new investor knows absolutely nothing about how the market works and are more likely to experience the sense of loss or disappointment and potentially regretful about investing in Bitcoin as they were expecting Bitcoin to continue raising or at least be stable at the top and could be forced to sell their hodlings fearing further price drops.

[Sexylizzy2813]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

New investors should be happy with the current dip because it is an opportunity for them to accumulate more bitcoin at a cheaper rate. Buying regular with DCA is the best because at times like this you will not be left out to benefit from the dip and I don't think that any new investor should worry about bitcoin dipping to $50k because that should not be his concern. His concern is to continue accumulating and building his bitcoin portfolio towards his bitcoin target with his ongoing DCA consistently and persistently because he is on a long term investment and bitcoin will surely recover and even go higher above $100k in 4 years time.

So this is a good price and time to take advantage of the market instead of panicking. Old investors are already used to bitcoin price movement and it is a norm to them to continue hodli without fear because many of them are already into good profit due to the compounding effect of their bitcoin portfolio. But the truth is that nobody loves to see the value of his bitcoin investment going down due to market dip.

Thinking of accumulating for new investor is the only thing they should be concerned about because they don't have much to worry, in no time the price will go up in their favor but old investors should be the ones to be afraid of losing especially when it gets down to $45k which I'm not hoping it will but we have to tell ourselves the truth, Bitcoin price when it wants to go down it does it in a way that you ask if you're doing the right thing and sometimes you begin to doubt yourself and that's fear of losing talking.
The old investors might be familiar with Bitcoin price dropping but I don't think is all that have the patience and the time to stay focused rather than panicking, that too is normal for every holder, so I believe this particular drop of BTC has made many to start tapping their panic button, but is not yet time for that, I'll say is time to wait for the market price to take a new turn.

[AirtelBuzz]

who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

If you are asking between old and new investors, who's going to complain more about the fluctuation of Bitcoin then I'd say that new investors are more likely to complain more because old investors has been in the market longer and they know how it works. An old investor would feel disappointed and frustrated but only to an extent because they are sure that Bitcoin will always raise and they will never sell off their hodlings out of panic and fear of losses but a new investor knows absolutely nothing about how the market works and are more likely to experience the sense of loss or disappointment and potentially regretful about investing in Bitcoin as they were expecting Bitcoin to continue raising or at least be stable at the top and could be forced to sell their hodlings fearing further price drops.

Yes it is true that new investors sell their investments on Emotionally. That is why those who are new to investing are advised to acquire knowledge and analyze investments properly. A new investor complains when the price of any coin i.e. Bitcoin falls during investment because he may not be experienced about it.

Moreover, those who invest in Bitcoin, whether new or old, must be patient and remember that even if the price of Bitcoin falls, there is a possibility of a quick recovery. So even if the price of Bitcoin falls in the market, you should invest regularly with funds that are close without regret even take advantage of the lower market, so that you can buy and hold more. The current market going down has created an opportunity for us to buy more bitcoins.

[JayJuanGee]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

New investors should be happy with the current dip because it is an opportunity for them to accumulate more bitcoin at a cheaper rate. Buying regular with DCA is the best because at times like this you will not be left out to benefit from the dip and I don't think that any new investor should worry about bitcoin dipping to $50k because that should not be his concern. His concern is to continue accumulating and building his bitcoin portfolio towards his bitcoin target with his ongoing DCA consistently and persistently because he is on a long term investment and bitcoin will surely recover and even go higher above $100k in 4 years time.

So this is a good price and time to take advantage of the market instead of panicking. Old investors are already used to bitcoin price movement and it is a norm to them to continue hodli without fear because many of them are already into good profit due to the compounding effect of their bitcoin portfolio. But the truth is that nobody loves to see the value of his bitcoin investment going down due to market dip.

Thinking of accumulating for new investor is the only thing they should be concerned about because they don't have much to worry, in no time the price will go up in their favor but old investors should be the ones to be afraid of losing especially when it gets down to $45k which I'm not hoping it will but we have to tell ourselves the truth, Bitcoin price when it wants to go down it does it in a way that you ask if you're doing the right thing and sometimes you begin to doubt yourself and that's fear of losing talking.
The old investors might be familiar with Bitcoin price dropping but I don't think is all that have the patience and the time to stay focused rather than panicking, that too is normal for every holder, so I believe this particular drop of BTC has made many to start tapping their panic button, but is not yet time for that, I'll say is time to wait for the market price to take a new turn.

Of course, the more BTC that anyone accumulates, and the more that BTC goes up in price, then the less it might feel that any new BTC purchases make any kind of a difference in the size of the BTC holdings - yet at the same time, the more that the BTC accumulator accumulates, then the more s/he is going to perceive his investment going way more down in value rather than being able to appreciate how any new amount of BTC that he purchases is allowing him to stack more sats.

Sometimes the amount of sats or the size of the stack is misleading, yet it still seems to be the case that a large number of newbie investors are likely to feel much better later down the road if they have spent a decent amount of effort stacking as many sats as they can during their first cycle.

There are even quite a few longer terms BTC investors who may have even had considerable amounts of increases in their income in the last several years, yet they still can look at their bitcoin holdings and recognize that in their beginning years they were able to stack way more sats on way lower levels of income as compared to how many sats they are able to stack these days with even way higher quantities of dollars.

I can even give my own example in which there was a lot of time in 2015 that I had some shortages in my cashflow, yet I would still buy BTC whenever I got some extra money coming in (or I figured out I had some extra money).. So if I had $100 extra come in, then maybe I would use half of it to buy bitcoin which would get me right around 0.2BTC (for $50).  It did not seem like a lot at the time, but I continued to do that for quite a bit of 2015, with varying amounts of money coming in, $10, $40, $80, $400.. and then half would go to bitcoin and the other half would go into my float (a kind of a reserve for possible expenses that might come up).  That was the way that I was dealing with my cashflow through much of 2015.

My point is not to idolize 2015, but instead to suggest that there likely remains value in terms of accumulating as much as you reasonably can without over doing it, especially in your earliest years of accummulation.

Another thing that happened to me is that I had been pretty aggressive with my BTC accummulation from the start, so I had been thinking that after a year of accumulation, then I was more or less good in terms of the amount of BTC that I had accumulated between late 2013 and late 2014; however part of the problem was that the BTC price stayed down for another whole year, so I could not resist but to continue to accumulate, and that is how I came to my own self assessment that I had overaccumulated by the time we got through 2015, and so that was how I assessed and considered my BTC stash to be within a kind of state of overaccumulation.. and it really never did fall out of such status of being labeled as overaccumulated.  So any subsequent practices that I had in regards to bitcoin were different in my early accumulation stage (which was 2014) and then my overaccumulation stage which was 2015 and even a bit into 2016), and so ever since 2017-ish, I had been dealing with my way of assessing my being in a state of overaccumulation.

Part of the reason why I so frequently suggest that members spend their early years in bitcoin getting to a state of adequate or overaccumulation is so that that they can get to the next level, yet surely one of the disadvantages that many folks have is that they are also new to investing, so it could take them way more than one or two cycles to get to a state of adequate or over accumulation of bitcoin, as compared with my having come to bitcoin after already having had a bit more than 20 years already investing into other things.. So it can change your perspective if you are coming to bitcoin as a brand new investor as compared with someone who is able to potentially front load his/her investment into bitcoin a bit more based on having already built up an overall investment portfolio and then merely addiing bitcoin to such already existing investment portfolio as one additional asset.

[Odohu]

If you are asking between old and new investors, who's going to complain more about the fluctuation of Bitcoin then I'd say that new investors are more likely to complain more because old investors has been in the market longer and they know how it works. An old investor would feel disappointed and frustrated but only to an extent because they are sure that Bitcoin will always raise and they will never sell off their hodlings out of panic and fear of losses but a new investor knows absolutely nothing about how the market works and are more likely to experience the sense of loss or disappointment and potentially regretful about investing in Bitcoin as they were expecting Bitcoin to continue raising or at least be stable at the top and could be forced to sell their hodlings fearing further price drops.

Yes it is true that new investors sell their investments on Emotionally. That is why those who are new to investing are advised to acquire knowledge and analyze investments properly. A new investor complains when the price of any coin i.e. Bitcoin falls during investment because he may not be experienced about it.

I don't agree with you that new investors will liquidate their investment emotionally because that depends entirely on their conviction before they got started. Some newbies started their Bitcoin investment with the right mindset and strong conviction, hence they started the investment on the premise of long term. Take for example, a newbie investor who want to start Bitcoin investment and came to this forum for the necessary information, such newbie would have learnt some of the important lessons that most of us known by engaging in discussions on the various threads that focuses on how to go about investing in Bitcoin. Things like the DCA method, buying the dips, how to set up emergency funds and how to make good use of market corrections to collect more Bitcoin instead of panicking during such times. From the knowledge and experience of older investors, such new investor will already know how to navigate a market profile like we have now even better than some old investor especially those who buy and sell at the sight of profits.

[Sexylizzy2813]

With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?

New investors should be happy with the current dip because it is an opportunity for them to accumulate more bitcoin at a cheaper rate. Buying regular with DCA is the best because at times like this you will not be left out to benefit from the dip and I don't think that any new investor should worry about bitcoin dipping to $50k because that should not be his concern. His concern is to continue accumulating and building his bitcoin portfolio towards his bitcoin target with his ongoing DCA consistently and persistently because he is on a long term investment and bitcoin will surely recover and even go higher above $100k in 4 years time.

So this is a good price and time to take advantage of the market instead of panicking. Old investors are already used to bitcoin price movement and it is a norm to them to continue hodli without fear because many of them are already into good profit due to the compounding effect of their bitcoin portfolio. But the truth is that nobody loves to see the value of his bitcoin investment going down due to market dip.

Thinking of accumulating for new investor is the only thing they should be concerned about because they don't have much to worry, in no time the price will go up in their favor but old investors should be the ones to be afraid of losing especially when it gets down to $45k which I'm not hoping it will but we have to tell ourselves the truth, Bitcoin price when it wants to go down it does it in a way that you ask if you're doing the right thing and sometimes you begin to doubt yourself and that's fear of losing talking.
The old investors might be familiar with Bitcoin price dropping but I don't think is all that have the patience and the time to stay focused rather than panicking, that too is normal for every holder, so I believe this particular drop of BTC has made many to start tapping their panic button, but is not yet time for that, I'll say is time to wait for the market price to take a new turn.

Of course, the more BTC that anyone accumulates, and the more that BTC goes up in price, then the less it might feel that any new BTC purchases make any kind of a difference in the size of the BTC holdings - yet at the same time, the more that the BTC accumulator accumulates, then the more s/he is going to perceive his investment going way more down in value rather than being able to appreciate how any new amount of BTC that he purchases is allowing him to stack more sats.

Sometimes the amount of sats or the size of the stack is misleading, yet it still seems to be the case that a large number of newbie investors are likely to feel much better later down the road if they have spent a decent amount of effort stacking as many sats as they can during their first cycle.

There are even quite a few longer terms BTC investors who may have even had considerable amounts of increases in their income in the last several years, yet they still can look at their bitcoin holdings and recognize that in their beginning years they were able to stack way more sats on way lower levels of income as compared to how many sats they are able to stack these days with even way higher quantities of dollars.

I can even give my own example in which there was a lot of time in 2015 that I had some shortages in my cashflow, yet I would still buy BTC whenever I got some extra money coming in (or I figured out I had some extra money).. So if I had $100 extra come in, then maybe I would use half of it to buy bitcoin which would get me right around 0.2BTC (for $50).  It did not seem like a lot at the time, but I continued to do that for quite a bit of 2015, with varying amounts of money coming in, $10, $40, $80, $400.. and then half would go to bitcoin and the other half would go into my float (a kind of a reserve for possible expenses that might come up).  That was the way that I was dealing with my cashflow through much of 2015.

My point is not to idolize 2015, but instead to suggest that there likely remains value in terms of accumulating as much as you reasonably can without over doing it, especially in your earliest years of accummulation.

Another thing that happened to me is that I had been pretty aggressive with my BTC accummulation from the start, so I had been thinking that after a year of accumulation, then I was more or less good in terms of the amount of BTC that I had accumulated between late 2013 and late 2014; however part of the problem was that the BTC price stayed down for another whole year, so I could not resist but to continue to accumulate, and that is how I came to my own self assessment that I had overaccumulated by the time we got through 2015, and so that was how I assessed and considered my BTC stash to be within a kind of state of overaccumulation.. and it really never did fall out of such status of being labeled as overaccumulated.  So any subsequent practices that I had in regards to bitcoin were different in my early accumulation stage (which was 2014) and then my overaccumulation stage which was 2015 and even a bit into 2016), and so ever since 2017-ish, I had been dealing with my way of assessing my being in a state of overaccumulation.

Part of the reason why I so frequently suggest that members spend their early years in bitcoin getting to a state of adequate or overaccumulation is so that that they can get to the next level, yet surely one of the disadvantages that many folks have is that they are also new to investing, so it could take them way more than one or two cycles to get to a state of adequate or over accumulation of bitcoin, as compared with my having come to bitcoin after already having had a bit more than 20 years already investing into other things.. So it can change your perspective if you are coming to bitcoin as a brand new investor as compared with someone who is able to potentially front load his/her investment into bitcoin a bit more based on having already built up an overall investment portfolio and then merely addiing bitcoin to such already existing investment portfolio as one additional asset.

Some if these newbies feel they did the best thing in investing late when it wasn't going down and to them is the best decision they made which is true but never do they know is also one of the best decisions the old investors did but only that they needed to add some patience in times like this, so that whenever things gets back on track, talking about Bitcoin price it will show them the main reason for enduring for long.
To be honest with you Mr double JG I think your opinion or your example can come a long way when it comes to situations as this and many can learn from your experience and if possible you get a thread or something to expatiate more on whatever you have to share (like a kind of lecture on investment) to the newbies who gets misleaded in the crypto space. From the way you said it on how you make your investment it seems there is no room for losses, and I agree with you because ones you split your funds like having the one for expenses and the ones for investment you won't feel anything when Bitcoin price drops and you know for sure that it must definitely move back up so this strategy is a wise one but some only make use of all instead of keeping some just incase.
You made a valid point there but back then I feel the desperation newbies had wasn't as much as they do have it now and now the patient level is lower than before, not all can endure all you did back then and the seriousness as of 2015 and now isn't the same too, I believe ones you have a target you can achieve something better, so I don't expect any newbies to have those qualities someone like you who have seen in and out of Bitcoin investment. Some who started last year feels they know much but they never knew what it took to get to this level,  I just wish with all these said, some will make use of the opportunity they have than bragging of getting to the top just because the market price favors them just one time.