True Bitcoiners love red

[JaanusRaim]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

[(BTC)]

Dips are cool when trying to get more sats for cheap but, when I think of a 'true bitcoiner', I think of someone who cares not about green/red/PnL.

Their favorite color is orange, and having some is better than having none.

[JaanusRaim]

Dips are cool when trying to get more sats for cheap but, when I think of a 'true bitcoiner', I think of someone who cares not about green/red/PnL.

Their favorite color is orange, and having some is better than having none.

Yes, there are other perspectives besides financial - political, religious,...
Here I saw it from a financial (investment) perspective.

Are you a real Bitcoiner from a (for example) political perspective?

[(BTC)]

Are you a real Bitcoiner from a (for example) political perspective?

This isn't the pol/soc board, so I don't think it's appropriate to bring up any of my personal world views and how they relate to a 'true bitcoiner here. All I'll say, is that financial sovereignty that's immutable is something not liked by many governments. Even the governments that pretend to not care. Even religious governments. Politically and religiously speaking, bitcoin represents a mixture of self-responsibility, self-accountabilty, and free-will. Which I've always viewed those parallels to be fascinating/cool.

[goldkingcoiner]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

Sure. If you have the chance to buy during red, you can see it as a fire-sale. But if you buy just before it becomes a fire-sale that will make you frustrated as well because you missed out on potential profits and now might not be able to buy during red times.

Nobody can see the future so there is no blame nor room for finger-pointing.

But the disappointment is still very real... So, whether we love red depends on coincidental timing.

[SeriouslyGiveaway]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

True Bitcoin investors know that their investment is a very long term practice, and bitcoin accumulation is unlikely a once, twice or thrice or several purchasing practice. Therefore, with actual Bitcoin investors who have mindset of investors, they will feel very happy and comfortable with bear market which in their minds is like great time with many opportunities for accumulating more satoshis with cheaper prices.

With such intelligent investors, bear market is not risky but very opportunistic for their portfolio building. More time for accumulation, better prices for purchasing, and they can make their purchases silently when most of other people are fearful and no longer compete buying bitcoins like in a bull market.

[JaanusRaim]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

True Bitcoin investors know that their investment is a very long term practice, and bitcoin accumulation is unlikely a once, twice or thrice or several purchasing practice. Therefore, with actual Bitcoin investors who have mindset of investors, they will feel very happy and comfortable with bear market which in their minds is like great time with many opportunities for accumulating more satoshis with cheaper prices.

With such intelligent investors, bear market is not risky but very opportunistic for their portfolio building. More time for accumulation, better prices for purchasing, and they can make their purchases silently when most of other people are fearful and no longer compete buying bitcoins like in a bull market.

Yes, the higher is the price (ceteris paribus, with same fundamentals) - the higher is the risk level. The lower is the price - the lower is the risk level.

[As-Soon-As]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

It is a good idea to increase your Bitcoin holdings during a price drop, but I don't like waiting for the price to drop. But Michael Saylor never cares about price drops. For him, orange is the best color, which he invests in periodically, but buying Bitcoin regularly is a much better and better plan than waiting for Bitcoin purchases in a seasonal way.
The plan will enable you to increase your Bitcoin holdings.

[m2017]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

True bitcoiners love bitcoin regardless of the market situation, regardless of whether the market is "red" or "green", by the way.

From a speculator's perspective (short-term or long-term), it's certainly more profitable to buy bitcoin at a discount rather than at an overprice during the hype. But it's impossible to just endlessly buy bitcoin, because what's the point of investing if you don't eventually realize your profit? Therefore, those bitcoiners who like bitcoin during the "red" period will undoubtedly one day like the "green" period as well.

[Oshosondy]

What bitcoin enthusiasts will prefer more are the bull market, but the bull market is not real without the bear market. Stocks, gold and other assets all have bad time which are followed by good time. But with how it is like that, bitcoin enthusiasts will not care about bear market because they know it can encourage some people to also see bitcoin cheap and buy.

[hugeblack]

This isn't entirely accurate. The lower the price the more it can negatively impact decentralization. It becomes more difficult to generate returns from mining, and only a few pools can withstand the low price. Furthermore, a lower price means fewer transactions on the network.

Therefore, as an investor, a short-term price drop is beneficial, but a sustained decline over several years is disastrous.

[avp2306]

This isn't entirely accurate. The lower the price the more it can negatively impact decentralization. It becomes more difficult to generate returns from mining, and only a few pools can withstand the low price. Furthermore, a lower price means fewer transactions on the network.

Therefore, as an investor, a short-term price drop is beneficial, but a sustained decline over several years is disastrous.

Yeah indeed that it could be healthy if the drop is for short term only since this is indeed beneficial for investors and that market condition is part of Bitcoin cycle. But if it happens that continuous dips takes for many years. In that situation many people start to lose their interest because many might really think that Bitcoin is slowly dying and this is not good for personalities you have mentioned, they will get badly affected if that long years of dips will occur.

But so far its good that we don't see those disastrous scenarios and we always see Bitcoin always great for many years and reward those investors which trust its resilience.

[Ruttoshi]

A true bitcoiner should be happy and buy irrespective of the market color. Red is a good buy but you cannot predict it and get prepared for it. It only for those who have their reserve funds available. However, it's not a good accumulation practice be waiting for the dip when you don't have any bitcoin.

Consistent DCA enables you to buy always and you wouldn't miss out when the price goes red to the bottom line because you're buying on its way down and up. It's not about the color you love that makes you a true bitcoiner but the size of your bitcoin portfolio and how long, you have hodli.

[EarnOnVictor]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

You are right if the Bitcoiner doesn't mind the initial drawdown before the new pump + the old one(s) all gets back in profits. True Bitcoiners do not look at that present red, all they see is another buying opportunity to make more money. I mean the money they couldn't have made if Bitcoin continues to rise without looking back.

[Wiwo]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

Everyone prefer to buy assets when the market are in red, bitcoin is at a point that those that want to restock their portfolio have the best possible chance right now to do so, and to that extent they are sure to be making alot of progressive positions more than regressive Becassine they are buying in the red spot.

Is far easier to buy Bitcoin at $76k+ than to buy at $120k+ this is because 76k will give you quick positive results in terms of profits, than the person who is buying when the market is already on the increase.

[bitmover]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

Yeah, but will you buy forever??

If you just got to know bitcoin and you are still buying your position, red could be good.

But if you are here for a long time, red isn't that good. We shouldn't be accumulating more money forever, this is greed. We need to spend money to live a good life too

[Floczy]

Red can be also emotional after a very long while, Green will always be preferable because that's the point of investing,

So true Bitcoiners love Green, But they accept and work with red
Meanwhile the true love comes from ownership having one gives satisfaction that you wouldn't miss out on the future achievers

[Sammye3]

One clear thing that separates real Bitcoiners from short-term speculators is that real Bitcoiners enjoy situations where they can accumulate BTC cheaper – a bear market.

If you truly believe in Bitcoin based on its fundamentals, then a cheaper price (ceteris paribus - if its fundamentals have not changed) is a pure blessing for you, even if you are already heavily invested in BTC, because a bear market increases your BTC purchasing power.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down": (Buffett)

This is entirely true for long term investors,  who bother about an entry for more accumulation and do not have withdrawal in mind for the longest time. The bear market would be the best time for such traders to accumulate more bitcoin so that should be their favourite season.

For short term traders,  the dip could be their biggest enemy and fear because of the volatility that comes with it. So it could be the greatest opportunity for some and the biggest fear for others.

[SatoPrincess]

I’d say “true bitcoiners” are people who don’t care much about market movements, do not listen to the fud or outside noise and are true to their bitcoin goal. Not to sound like a fanatic because I love seeing my portfolio in the green, but red imo only signifies an opportunity to buy more bitcoins at a cheaper price.

[Finestream]

A true bitcoiner appreciates both red and green market and celebrate them both. Though they serve differently, but the outcomes are equally, essential financial goals. The red days are actually the accumulation period where prices are undeniably cheap, while the green days are the validation period where it builds wealth and increases the value of their total holdings.

True believers for bitcoin understand the fact that in order to grow their portfolio during green times, they have to motivate theirselves to buy during red times. So both are essentially made to bring utmost advantage to the investors.