Hodl (Naija)

[Sally9256]

Those that that didn't mke a smart move some months ago would have been regretting why they refused to invest, while wasting thier time waiting for the perfect price entry before doing the necessary things, investing in Bitcoin has no perfect time,even investing now is still a perfect entry fir those that has a long-term holding mindset.

There is no one right time to start investing in Bitcoin, every moment is right for Bitcoin. The market is currently going through a rise or fall but after a long correction period, this rise has created a great opportunity for new investors who did not believe that Bitcoin would reach another ATH and probably have a strong chance of doing so within this year. Don't say fooled those new investors who have not started Bitcoin due to lack of discretionary income, they may be waiting for an opportunity, that opportunity is a price drop, but the best time for every investor to accumulate Bitcoin is when he has additional funds available. They are the smart and wise ones who consider every period of Bitcoin's price as an opportunity to accumulate Bitcoin and accumulate Bitcoin regularly.

I don’t know why a lot of people still find this to understand, if you really waiting for a DiP before thinking of kick starting your investment, then you will probably not start. With DCA everything is made very easy, so rather than waiting to start investing, you can just start with your DCA strategy, and you won’t even have to worry about how the market is going.

Sometimes if we trying to predict the market before investing, we might end up not investing at all, Bitcoin is volatile, so why waste time in trying to predict it. Invest using DCA and invest for a long period of time, with that there is a high possibility of Favorable returns.

[Karl_3000]

🇳🇬 ₦104,791,325 ($77,898 €67,233 £57,558).

Another fast fall again but bitcoin has not fall below $76800 and it happened again not quite long just as it happened four days ago after bitcoin increased slightly above $81000.

Is bitcoin forming a support at the price?

Sometimes if we trying to predict the market before investing, we might end up not investing at all, Bitcoin is volatile, so why waste time in trying to predict it. Invest using DCA and invest for a long period of time, with that there is a high possibility of Favorable returns.

This is very right, starting small is better than trying to predict what will be the lowest price.

[Karl_3000]

🇳🇬 ₦104,203,608 ($78,072 €67,348 £57,683]

[cxtreenal]

Those that that didn't mke a smart move some months ago would have been regretting why they refused to invest, while wasting thier time waiting for the perfect price entry before doing the necessary things, investing in Bitcoin has no perfect time,even investing now is still a perfect entry fir those that has a long-term holding mindset.

There is no one right time to start investing in Bitcoin, every moment is right for Bitcoin. The market is currently going through a rise or fall but after a long correction period, this rise has created a great opportunity for new investors who did not believe that Bitcoin would reach another ATH and probably have a strong chance of doing so within this year. Don't say fooled those new investors who have not started Bitcoin due to lack of discretionary income, they may be waiting for an opportunity, that opportunity is a price drop, but the best time for every investor to accumulate Bitcoin is when he has additional funds available. They are the smart and wise ones who consider every period of Bitcoin's price as an opportunity to accumulate Bitcoin and accumulate Bitcoin regularly.

I don’t know why a lot of people still find this to understand, if you really waiting for a DiP before thinking of kick starting your investment, then you will probably not start. With DCA everything is made very easy, so rather than waiting to start investing, you can just start with your DCA strategy, and you won’t even have to worry about how the market is going.

Sometimes if we trying to predict the market before investing, we might end up not investing at all, Bitcoin is volatile, so why waste time in trying to predict it. Invest using DCA and invest for a long period of time, with that there is a high possibility of Favorable returns.

If they had realized how fool it is to wait for DIP before starting Bitcoin, they would have started at the time when they had available funds. Do you know why you are being advised not to wait? If you don't know, think about the current price of Bitcoin at $78k. You have available funds of $5k. The target to start Bitcoin is when the price is $60k. But you don't know when the price will reach that level. It may be that the market will not return to that price in the future or many months may pass. This waiting is a loss because you can spend the available funds for Bitcoin on a different need.

Start the DCA method before the price of Bitcoin increases much in the future or if you have extra cash funds, hold Bitcoin now. Since it is not possible to predict where the price will go in the future, accumulate Bitcoin in the DCA method regardless of every price and stay win.

[Sally9256]

If they had realized how fool it is to wait for DIP before starting Bitcoin, they would have started at the time when they had available funds. Do you know why you are being advised not to wait? If you don't know, think about the current price of Bitcoin at $78k. You have available funds of $5k. The target to start Bitcoin is when the price is $60k. But you don't know when the price will reach that level. It may be that the market will not return to that price in the future or many months may pass. This waiting is a loss because you can spend the available funds for Bitcoin on a different need.

Start the DCA method before the price of Bitcoin increases much in the future or if you have extra cash funds, hold Bitcoin now. Since it is not possible to predict where the price will go in the future, accumulate Bitcoin in the DCA method regardless of every price and stay win.

I think it now even become an anthem in the forum that you don’t need to wait for the Dip before starting your bitcoin invest but still some people still feel they need to wait for the Dip. For something that is Volatile, predicting it is impossible, that why the DCA was introduced, to help beat that volatility. With the DCA you don’t even need to get worried about how the market is moving, instead you just buy bitcoin the worth of your discretionary income.

So yes, sometimes it could take years or even more or be able to own 1 Bitcoin, why then wait for the Dip when you can be purchasing it Bit by bit depending on your discretionary income.

[Chilwell]

I think it now even become an anthem in the forum that you don’t need to wait for the Dip before starting your bitcoin invest but still some people still feel they need to wait for the Dip. For something that is Volatile, predicting it is impossible, that why the DCA was introduced, to help beat that volatility. With the DCA you don’t even need to get worried about how the market is moving, instead you just buy bitcoin the worth of your discretionary income.

So yes, sometimes it could take years or even more or be able to own 1 Bitcoin, why then wait for the Dip when you can be purchasing it Bit by bit depending on your discretionary income.

Definitely it have to be an anthem because that is the appropriate way someone to be a bitcoiner, waiting for the dip when you don't know when it's going to occur, it look very dangerous because not everybody can hold their cash for a very long time. It is very difficult to predict bitcoin price, that is why starting with DCA method will make you be a bitcoin owner faster than waiting for the dip. The moment you have your hands on your discretionary income, just go straight to invest it.

For someone to be able acquired one BTC through his investment depends on the amount of money he is having as a discretionary income and also the duration meaning either weekly or monthly and also the amount depends.

[Karl_3000]

🇳🇬 ₦102,035,797 ($76,590 €66,190 £56,811)

For someone to be able acquired one BTC through his investment depends on the amount of money he is having as a discretionary income and also the duration meaning either weekly or monthly and also the amount depends.

It also depends on the amount of money he is connecting to bitcoin. I do think it will be difficult to have up to 1 bitcoin for me because my salary is not that huge and bitcoin price will increase more which will make it difficult, but some Nigerians have such huge amount of money.

I think the little bull market is over for now, it will be good if we continue to average and DCA.

[Chilwell]

🇳🇬 ₦102,035,797 ($76,590 €66,190 £56,811)

For someone to be able acquired one BTC through his investment depends on the amount of money he is having as a discretionary income and also the duration meaning either weekly or monthly and also the amount depends.

It also depends on the amount of money he is connecting to bitcoin. I do think it will be difficult to have up to 1 bitcoin for me because my salary is not that huge and bitcoin price will increase more which will make it difficult, but some Nigerians have such huge amount of money.

I think the little bull market is over for now, it will be good if we continue to average and DCA.

Yes you are correct, despite the increase in Bitcoin price, there are still few individuals in Nigeria that can afford that kind of money, most especially this people are not even popular, because sometimes if I'm saying this a lot of people will be referring to all the celebrities. The only thing that is stopping some of these people to get into Bitcoin is because they are not aware of it, this kind of people I'm describing are within my society which I can point hand to more than 10 people that can successfully by one BTC without any struggle.

Yes the bull run is over, the best thing is to continue with DCA so that our wallet will keep you crazy, consistency is very important.

[Karl_3000]

🇳🇬 ₦103,531,795 ($78,200 €67,365 £57,971)

[Dzwaafu11]

If they had realized how fool it is to wait for DIP before starting Bitcoin, they would have started at the time when they had available funds. Do you know why you are being advised not to wait? If you don't know, think about the current price of Bitcoin at $78k. You have available funds of $5k. The target to start Bitcoin is when the price is $60k. But you don't know when the price will reach that level. It may be that the market will not return to that price in the future or many months may pass. This waiting is a loss because you can spend the available funds for Bitcoin on a different need.

Start the DCA method before the price of Bitcoin increases much in the future or if you have extra cash funds, hold Bitcoin now. Since it is not possible to predict where the price will go in the future, accumulate Bitcoin in the DCA method regardless of every price and stay win.

I think it now even become an anthem in the forum that you don’t need to wait for the Dip before starting your bitcoin invest but still some people still feel they need to wait for the Dip. For something that is Volatile, predicting it is impossible, that why the DCA was introduced, to help beat that volatility. With the DCA you don’t even need to get worried about how the market is moving, instead you just buy bitcoin the worth of your discretionary income.

So yes, sometimes it could take years or even more or be able to own 1 Bitcoin, why then wait for the Dip when you can be purchasing it Bit by bit depending on your discretionary income.

It's always surprised me when I people waiting to invest in bitcoin is the market is down, which to me is of no use rather just invest when you are ready, regardless of the Value at the moment. Invest what you can afford to lose so you can be able to leave it their for even years till you see that you make a good profit from your investment.

I know anybody who use long time investment plan always gain from it, that is why many beginners that do rush and think it's easy lost their money at the end.

[Karl_3000]

🇳🇬 ₦107,504,839 ($81,300 €69,951 £60,063)

It's always surprised me when I people waiting to invest in bitcoin is the market is down, which to me is of no use rather just invest when you are ready, regardless of the Value at the moment. Invest what you can afford to lose so you can be able to leave it their for even years till you see that you make a good profit from your investment.

I like what you post, but I did not like the part that people should invest the amount they can afford to lose, it is they should invest their discretionary income instead. If it is trading or gambling they can use the amount they can afford to lose to trade or gamble and the money should be very small.

I know anybody who use long time investment plan always gain from it, that is why many beginners that do rush and think it's easy lost their money at the end.

When I was very newbie, I lost mostly to trading and followed by altcoins and those new projects. It is very hard for newbies and most people to know which coins are good. Some that are good later got dumped, it was so bad. They forced me to only trust just bitcoin.

[BluebloodCXVI]

Bitcoin is currently trading around the $76k-$79k range as at today and boy i won’t even lie this period is really testing me; I’m sure most other bitcoin holders too feel the same way especially those that bought when the price was at $81k.

My bag seems to have taken a proper hit since this whole market move started; if i wasn’t such a softie, i probably would have sold my coins when bitcoin hit $82k but here we are still holding on.

Holding through this kind of drawdown never gets easier i tell you.

[POPOLUV]

We have a lot of opportunities for bitcoin value to increase in future, and it's not something for some to start complaining about or regretting why they didn't buy when the value was low, but they should get to work and start accumulating where they meet the price, as far as there is no limit to which bitcoin value can't cross everyone can make profit from the market no matter their entry price.

Bitcoin is a great and nice asset to invest in and the potential is really great also. Anyone who is interested in Bitcoin investment should not look at the current price because it can make them not to invest considering the price. However, one can only make profit from Bitcoin investment if they have the long term mindset because if someone invest without the  long term mindset they won't make any profit so the price entry is not the problem but rather the problem is the duration of holding.

I don’t know why people still feel they need to look at price before buying bitcoin, when DCA have made it very easy for everyone to invest in. You really don’t have to think to buy 1 bitcoin before investing, you can buy for as low as $5. All you need to focus on is getting a steady discretionary income and stay consistent With your accumulation.

Looking at the price only make you to procrastinate your investment. Bitcoin is a volatile asset so predicting it will always be difficult. We have seen a lot of people who in the name of waiting for the Dip end up not investing. Investors don’t predict the market, that for traders.

One thing about procrastination is that , it doesn't end well. guys will say the current price of Bitcoin is too high , so they want the price to dip before they can start investing. Even when price luckily gets to targeted level of months of waiting, they might not still buy, instead they will say price should show sign of bullishness before they can start with their accumulation. They will continue doing this , till they completely miss out investing into Bitcoin. Waiting for the perfect is not good, to them , it is a wise decision but later they realised that the decision is wrong. There's no perfect time or price in investing, the current price in which the market is might the perfect time for someone to begin their investment. If they figure out their discretionary income, implementing DCA strategy gives them opportunity to accumulate Bitcoin at any given price comssistely.

Will i say the reason why some of people are still keep postponing their buying of Bitcoin even when they say the Bitcoin is too high and they will wait till when the Bitcoin price decreased and yet even in that level of the price coming down, they will still not buy Bitcoin because maybe they are afraid of losing out what they have to invest with, sometimes i don't blame those people that fall within categories of postponing what they could done before now, is because they lack proper channels of communication on how to go about investing in Bitcoin without being afraid of losing out, so if a foundation of a newbie is based on how to start investing in Bitcoin once you have discretionary income, you will make use of DCA strategy which will give you hope not to lose your investments, so a process whereby an investor is aware of not losing out what he will invest with, i don't think anything will be preventing such investors for postponing to buy Bitcoin.

[Stormisover]

Bitcoin is currently trading around the $76k-$79k range as at today and boy i won’t even lie this period is really testing me; I’m sure most other bitcoin holders too feel the same way especially those that bought when the price was at $81k.

My bag seems to have taken a proper hit since this whole market move started; if i wasn’t such a softie, i probably would have sold my coins when bitcoin hit $82k but here we are still holding on.

Holding through this kind of drawdown never gets easier i tell you.

It is easier to hold through, it all depends on your circumstances of saying that. If you have a target ahead of you through which you want to achieve in your Bitcoin then holding through this kind of drawndown becomes less problematic, or could it be that you never invested the right money, which is the money that is discretionary after taking your living expenses as a prime concern ? It is pretty much easier to hold through and keep buying if you are investing from your discretionary income. It is only certain that the market will keep moving up and down and for our interest we keep taking positioning, though I have heard of weak hands and I know is real but do we have to be seen as one? Hell no.

[Loyang]

Bitcoin is currently trading around the $76k-$79k range as at today and boy i won’t even lie this period is really testing me; I’m sure most other bitcoin holders too feel the same way especially those that bought when the price was at $81k.

My bag seems to have taken a proper hit since this whole market move started; if i wasn’t such a softie, i probably would have sold my coins when bitcoin hit $82k but here we are still holding on.

Holding through this kind of drawdown never gets easier i tell you.

It is easier to hold through, it all depends on your circumstances of saying that. If you have a target ahead of you through which you want to achieve in your Bitcoin then holding through this kind of drawndown becomes less problematic, or could it be that you never invested the right money, which is the money that is discretionary after taking your living expenses as a prime concern ? It is pretty much easier to hold through and keep buying if you are investing from your discretionary income. It is only certain that the market will keep moving up and down and for our interest we keep taking positioning, though I have heard of weak hands and I know is real but do we have to be seen as one? Hell no.

Long-term holding becomes easier when a person is able to build trust in Bitcoin and has very low expectations on Bitcoin. Because when a person is able to build trust in Bitcoin, he will be able to keep himself calm during all the declines and keep himself away from fear.

Whenever we have high expectations on Bitcoin, if the Bitcoin market does not meet our expectations, then we will definitely get disappointed and decide to sell Bitcoin. A person needs to keep expectations on Bitcoin as low as possible.

In some cases, we are forced to sell our holdings due to our own mistakes. For example, we are forced to sell before the end of the period because we do not invest through proper financial management and invest the required amount of money. Again, we are forced to sell because we do not take the right measures to protect our funds from financial crises and unexpected financial disasters.

[Karl_3000]

🇳🇬 ₦100,882,319 ($75,999 €65,815 £56,386)

Holding through this kind of drawdown never gets easier i tell you.

It is easy for me, I am not longer checking my bitcoin wallet balance which will be the reason I do not see it to be hard. I will only check it when bitcoin get to all time high. So I do not know how much I am gaining or losing right now, but I still have profit instead of losses.

[cocadalcan]

🇳🇬 ₦100,882,319 ($75,999 €65,815 £56,386)

Holding through this kind of drawdown never gets easier i tell you.

It is easy for me, I am not longer checking my bitcoin wallet balance which will be the reason I do not see it to be hard. I will only check it when bitcoin get to all time high. So I do not know how much I am gaining or losing right now, but I still have profit instead of losses.

Long term Bitcoin investors do not see the holdings and they do not even react emotionally to the decline or increase in price. They silently accumulate Bitcoin. Things are not as difficult for long term Bitcoin holders as it may seem from outside the investment. You have made a good decision personally but with this I would advise you to refrain from selling Bitcoin holdings even after reaching ATH. There are many predictions that Bitcoin will be worth $250k -$300k by 2030.

Holding Bitcoin is not enough. Accumulate Bitcoin regularly and use DCA method for this. To be in a safe position in investment, you need to use your capital properly. Buy Bitcoin to reach a viable and profitable level compared to storing excess cash funds.

[Karl_3000]

🇳🇬 ₦101,705,108 ($76,423 66,581 £57,012)