Quote from: Mario Yamasaki on August 11, 2022, 01:09:07 PM

Of course everyone hopes to buy when Dip and Hold then sells when it is a big profit, when the price of $ 50k in 2021 I think it is the price of Dip so many buy, have the opportunity to sell when the price is more than $ 65k but I'm too optimistic so that it continues Hold and the result is that I lost more than 50% my money.

What are you going to do then? merely whine about the BTC price being lower than it used to be?

Do you believe that there could be some value in either DCA'ing, buying on the dip or some other variations of such actions at this point?

I do understand the idea of running out of money as the BTC price had been dipping, so if you bought on the dip down to $50k, then you might have run out of money, but that dip down to $50k was quite a few months ago. Do you have any cashflow coming in?

Ultimately it is your choice about how much you want to invest into bitcoin and how to treat the BTC price actions, and part of the ideas that are being discussed in this thread do have to do with ongoingly accumulating bitcoin and what kinds of strategies that you might consider along the way.

Your forum registration date is April 2017, so surely you have had more than 5 years to employ a variety of strategies to accumulate BTC, and I would think that there have been decent chances for you to have a decent BTC position, merely with some kind of a DCA strategy.. so for example, if you had been DCA buying about $100 BTC per week for the past 5-ish years (since your forum registration date), then you would have spent around $27.8k but you would have about 3.5 BTC, so you would be decently in profits right now. Of course, people make mistakes along the way, but 5 years investing in bitcoin, even using pretty conservative numbers, would likely put you in a decently good place.

There is no reason to believe that continuing with a DCA strategy and/or supplementing such strategy with buying on dips will not continue to serve as a decent strategy into the future, especially if you have a timeline of 5 years or longer from now.. but of course, if your timeline is shorter then it might be a bit more ambiguous regarding what are the likelihood of achieving decently good results from such investment plan.. and surely there are no guarantees either, even if shorter time horizons do seem to provide more ambiguity regarding what your past performance might have been between some time period in the past and today.. but going by your forum registration date, it seems that you have had pretty decent chances to have had performed fairly well if you had taken a prudent and reasonable BTC accumulation strategy that would have involved consistently investing into BTC.

Quote from: kensaii on August 11, 2022, 05:19:00 PM

Quote from: Wind_FURY on August 11, 2022, 09:41:23 AM

Quote from: DanWalker on August 10, 2022, 11:03:45 AM

Quote from: Wind_FURY on August 10, 2022, 08:23:17 AM

CPI print, or Consumer Price Index, will be announced later! If it shows that inflation has finally peaked and has started to decrease/slow down, then I believe it's probably YOUR opportunity to buy EVERY DIP, and HODL. There might be actual fudsters in the forum who truly want that Bitcoin will crash more below $20,000 again, but perhaps they just missed their golden opportunity. There might be some DIPs to $21,000 though.

The CPI is only a few hours away, and many expect 8.7% this time, lower than last month. In theory, if the CPI falls as expected, everything should turn out fine. Every stock market, and cryptocurrencies are standing still waiting for CPI to be announced, I hope there will be no surprises. CPI falls but the market won't rise, anything can happen. The market is unpredictable, let's wait and see the results.

CPI printed 8.5%, less than what economists, investors, and traders expected. BUT I believe it's not yet over. Food and Energy prices may have fallen, but Rent inflation is still high. September's CPI print will be revealing if inflation is truly subsiding. Wait for September's rent inflation.

Plus watch the Reverse Repo Facility, https://fred.stlouisfed.org/series/RRPONTSYD

If the money in there starts decreasing, that's more liquidity for the markets, and possibly Bitcoin.

Definitely not over yet. CPI at 8.5% is a good number for the short term but for the long term, there are still many risks in play. China's covid lockdown is very unpredictable. I think if you got any of the cryptos for cheap from the crash, cashing out a part of it if it was green seems like a sensible choice.

This thread is not about cashing out or valuing your wealth in dollars.. .. so fuck off with that nonsense..

We are talking about long term accumulating BTC.. so hopefully you are able to figure out ways to accumulate BTC with a 4-10 year or even a longer time horizon involved rather than thinking about short-term nonsense involving getting in and out of BTC which surely seems to be a worse strategy than merely ongoingly accumulating BTC... until you reach a decent quantity of BTC rather that holding dollars or some other asset or currency that is likely even less valuable (over the long term) than something like BTC..

Quote from: Zanab247 on August 11, 2022, 06:29:42 PM

Quote

Of course everyone hopes to buy when Dip and Hold then sells when it is a big profit, when the price of $ 50k in 2021 I think it is the price of Dip so many buy, have the opportunity to sell when the price is more than $ 65k but I'm too optimistic so that it continues Hold and the result is that I lost more than 50% my money.

Yes, because everyone want to be happy when the price increase higher in the market. Now that the price of Bitcoin is still low in the market, it will be favourable for anyone that wish to buy and hold for the price to increase higher, because the price is changing gradually in the market that is making people happy that the price will reach $100k before the end of this year 2022. No matter what you lost in the past, I believe you will definitely recover them when the price move to $70k before the end of this month.

Even if you might have been joking (or sarcastic?).. it is not easy to treat you seriously, Zanab247 when you are coming out with nonsense like that.. $70k by the end of the month? or even by the end of next month? you seem to be in fantasy landia.

Quote from: sgbett on August 11, 2022, 08:22:35 PM

Quote from: JayJuanGee on July 07, 2022, 03:12:55 AM

That's disingenuous. You are using the term bitcoin to refer to BSV when that is not true.

Disingenuous would be saying that Bitcoin is 'digital gold', when it is obviously supposed to be a peer to peer electronic cash system.

I guess we are just built different.

You think that you know what the fuck you are talking about?

I know that you are a smart guy, but Jeez... gotta wonder why you are spouting out dumb big blocker (BSV) talking points, and hopefully you are not so brainwashed to be investing in that crap, as compared with actual bitcoin (BTC.. have you heard of it?) Have you heard about bitcoin's various value propositions that are not merely contained in some dumb and largely untrue slogan like the one you spouted out above.

By the way, bitcoin is currently quite capable of serving as peer to peer cash.. have you tried it, recently?

Quote from: STT on August 11, 2022, 09:19:38 PM

Thats slang really because very few people ever use gold as currency or asset. Thats a point in its favor I guess that its not overly popular, over played like the enforced FIAT standards have surely worn thin.

I've traded and held literal digital gold. It was done centrally by a vault operator and sold online in very small amounts which appeals to the common pauper folk. Micro gold isnt cheap but this was purely the market price split precisely quite nice I thought. In the end it was a big problem because they didnt like I held too much, obviously I was thinking price would rise I had not sold much and that rise did occur after years.
Its the usual never ending red tape nonsense and obviously they already had everything same as any bank account. It is tax free in alot of places so I guess more closely watched.
Took half a year I could do nothing and eventually they allow me own then sell my actual holdings, if I'd needed the cash to pay a medical bill or whatever meantime it'd have been useless but too bad tough luck thats how it works unfortunately.

Well, your discussion of bitcoin as comparable to gold, and likely responding to sgbett's post, seems to highlight the point that bitcoin is likely around 1,000x better than gold in a variety of ways, even though BTC's price (reflected in market cap) is about 1/20th of the size of gold's market cap.

Surely, relative to gold, overall bitcoin is going to quite easily match gold's market cap in the coming 4-10 years (and likely exceed it too), but it could take 100-200 or even more years for BTC to reach around 1,000x the market cap of gold.... quite likely a lot of battles and also some facts that we still do not really know.. and even developments that we don't really know because one thing about the future, is that it is not really known in advance, so we can merely attempt to make our best approximations about how to attempt to prepare for it based on information that we have now, and maybe even maintain enough flexibilities in our own finances and psychology in order to tweak and/or adapt our strategies based on new information that comes about..

Quote from: Desscount on August 11, 2022, 11:52:39 PM

buy the dip and hold is perfect at times like this, the price of Bitcoin is down -60% from ATH,
and altcoins have fallen more than -85% from ATH, of course this is a good opportunity for long-term hold,
because when the bullish season has started, then the profit you have will be very large, so just hold the altcoin you like

This thread is not about altcoins.. fuck altcoins.. they are also known as shitcoins, if you had not heard that term previously. #justsaying.. you will thank me later (perhaps?, if your ego does not get in the way Cheesy

)..