Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dr.Bitcoin_Strange
on 02/04/2023, 09:37:50 UTC
⭐ Merited by JayJuanGee (1)
For sure, one of the problems that anyone can have is to figure out how to get bitcoin in their particular area or the various ways to get it, including potentially attempting to network with other bitcoiners who might be in their area.. and surely there are some areas in which there are not as many bitcoiners or there are not clear ways for bitcoiners to meet and to know each other in terms of having some ways to build a circular economy... so in that regard, if you new more bitcoiners as a newbie, then there could be ways to both learn directly from more experienced bitcoiners and also to perhaps even buy directly from someone you know or who you get to know in your local area.

There have always been some aspects of bitcoin that have been scary that might dissuade newbies from wanting to get involved in bitcoin and perhaps some of the more recent attacks on exchanges might cause people to worry about getting involved in bitcoin, even though maybe the better course of action still might be to get involved in bitcoin, but to figure out ways to self-store decent portions of whatever bitcoin that you end up buying.

So, yeah we are getting back to the various ways in which just getting started and getting involved is likely going to be the better of the teachers, even if many of us likely shared in our having a lot of misconceptions regarding what is bitcoin and the fact that we can buy small amounts at a time - so long as we can find someone or some entity willing to sell us bitcoin in such small increments.... and the longer that we are into bitcoin, the more we learn and likely the more that we could well end up being inspired to learn more.

Of course, people likely already have demands upon their time, so there is a certain amount of dedication that is needed when learning and getting involved in any new thing - so in that regard, there are needs for motivation to believe that it is important to learn about something like bitcoin, and frequently people might get overwhelmed because they think that it is too confusing, and so in that regard, frequently there are ways to attempt to just learn little by little and the more that we learn then the more that we are able to understand more complicated aspects of bitcoin, and there are a lot of us who have been in bitcoin for a very long time, but still we may only know certain parts of bitcoin or certain angles of bitcoin, so it is not easy to really get some comprehensive understandings of all areas of bitcoin - but we still do not need to know everything or to know all areas in order to get started buying bitcoin and to attempt to learn while investing, and even just figuring out ways to buy small amounts such as $100 per week or even $10 per week, while ongoingly setting aside some time to learn more about it at the same time while initially building a position that might be a pretty small position  and some people do not even have a lot of spare cash, so those people likely are better off by just investing small amounts as they are doing their initial learning about bitcoin.. and yeah, they may end up with regrets that they did not invest more earlier on, but that's just the way of the world.. not everything is fair, and if some of us recognize that there might be some important aspects of bitcoin that we might be missing, then we might end up getting motivated to spend more time learning about it rather than either waiting or just taking a long time to learn about it.

I am not yet a professional in Bitcoin, but I just happen to always stay positive, no matter if the price is falling. If I had known quite a few good Bitcoiners in my area, maybe it would have been a real encouragement to me. I know how I felt after Luna crashed and also after FTX collapsed; I then began to wonder what if it happened one day that Bitcoin too collapsed, but I just got one hope going, which I don't know if it's good or not, but the thing is that I think it's good to invest in Bitcoin and also in other landed assets and commodities. Like you mentioned, investing $100 or $10 per week is really good.

Thanks for this tips, sir. It's just correct; we can buy and hold, which can give more profit during a bull market or halving period, but if one decides to hold fiat, inflation will just reduce the value of the money so that it can only buy a few things.

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.

Why I don't just regret arriving late to bitcoin investment is because I know if I keep DCA and Hold up for long enough, I will still make the profit I am supposed to by then. There are people who have lots of Bitcoiners in their area, and these opportune people are not taking Bitcoin seriously, not knowing that people like myself had even wished for that opportunity earlier but did not see any, and that's what made me lag behind.