Re: Buy the DIP, and HODL!

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Just like you, I missed the dip in 2019. I don't deeply regret starting my Bitcoin investment late, but I do regret what the amount I would have invested in Bitcoin then has turned into in 2021. but due to my lack of knowledge about Bitcoin then, I started hearing about it in 2018 and 2019. But at the time, I didn't even know anything about blockchain technology; I didn't know where I could buy or sell bitcoin because I wasn't aware of CEX, DEX, or anything like P2P. The worst thing that could happen to someone is when they are not informed or when they lack proper knowledge about something very useful. The worst of it then was that I never knew that I could buy BTC with $500–$680. All I thought was that for me to buy Bitcoin, I needed enough money that could cost 1 bitcoin. I was not aware that I could have just used the $600+ I had then to buy Bitcoin. In 2021, with BTC's new ATH, I had regrets about the 0.165 bitcoin I would have bought in January 2019 with just $600+, because the price of 1BTC was still $3,800+ then. I am not claiming to be a professional now, but with the little knowledge I have gained, I try to buy when I see an opportunity to, gladly using dollar cost averaging to accumulate gradually, no matter how small.

Just like you, I also miss those opportunity to buy when the price was significantly low not because there was no funds but because of the lack of knowledge towards bitcoin or should I say I had a wrong perception of bitcoin, but its was not until the massive growth and awareness of bitcoin in NIGERIA and my locality to be specific that really got me curious toward the trend that is bitcoin and thanks to my curiousity, I have learnt a lot as from the time I was guided to this wonderful forum. But am still not all that regretful though because of the fact that the price still went low to 16k last year after hitting its ATH in 2021 and I was lead to know and understand that instead of whining I should rather see it as a second chance and a golden oppurtinity to buy btc during last year dip and do what most successful crypto investors do which is to HODL till the prices goes up and significant enough to sell.

I mostly agree with what you said DaNNy001 - except when you consider that it is important to consider when you might "sell" then you likely do not understand bitcoin very well.. and also your use of the term "crypto" also shows that you may well not really understand what is bitcoin and maybe what bitcoin's value proposition is.... beyond merely considering it on a superficial "number goes up" kind of perspective. Another thing when you focus on trying to figure out when to sell, you may well potentially end up either getting yourself into trouble by selling too much BTC too early.. or just formulating the wrong kind of mind-set in terms of how to think about bitcoin as an investment and how to attempt to deal with its likely ongoing volatility.. including perhaps being able to figure out how to continue to accumulate bitcoin, even if it is inevitably going to be volatile in the coming 4-10 years and even longer (further into the future).

Quote from: ginsan on March 30, 2023, 10:24:47 PM

My conclusion is that maybe it's never too late to buy BTC even though we will buy in small amounts but if it is done regularly every week then we will also have the hope of getting big profits when Big Pumps come or when new ATH is reached.

I would also not get very worked up about "making big profits" but instead preparing the feel more comforts the more that the bitcoin that you have accumulated are in profits, and surely there are strategies to continue to invest into bitcoin for 4-10 years or longer and to really be able to be advantaged by both bitcoin being in profits, but also the likely compounding effects of being in bitcoin for several cycles, and of course there are no guarantees, and there are also some ways that any of us should be able to strategize and to employ our bitcoin accumulation and maintenance strategies in order to make sure we are able to profit from our involvement in bitcoin without getting too worked up about trying to trade bitcoin or to fuck around with those kinds of risky tactics.... while at the same time, each person has to figure out the path and strategy that is most comfortable in regards to his/her own personal financial and psychological circumstances.