Quote from: Roseline492 on August 16, 2023, 08:07:16 PM

Quote from: JayJuanGee on August 16, 2023, 07:07:51 PM

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Thanks JayJuanGee on this topic, I'm have been reading each post one after the other and I have really learnt a lot about the Dip and Hodling, this place is like a school were you study from different teachers with different experience about crypto, I'm happy to be here.

Fuck crypto.

Who gives any shits about crypto? especially in this thread.

Quote from: justinlamode on August 16, 2023, 08:12:27 PM

Quote from: JayJuanGee on August 16, 2023, 07:07:51 PM

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I feeel he was actually referring to forex traders...I don't know much about Bitcoin trading and I am yet to see a successful day trader of Bitcoin. My knowledge about Bitcoin is just to buy and hold. The successful traders being referred to are actually those who trade the forex market, many of whom buy Bitcoin with part of their profits from forex.

You know capital is very important for the topic of this thread and forex seem to be one way of getting capital. So, mentioning forex trading is somehow in line as I feel some participant here also trade forex... maybe they might consider adopting the method of buying Bitcoin with their profit from forex trading.

You are both projecting and full of shit... No one here is talking about Forex trading, or trading in general, and I would not even assume that trading forex is generally giving regular people "capital" to be able to invest in bitcoin.

Another thing is that bitcoin buying and accumulating (including buying on dips and HODLing) is for everyone, including people without very much capital; however, there is some truth to any assertion that there is some needs for discretionary income since it likely is not very healthy for anyone to be attempting to invest with money that they either need in the short term, or that they might even need in the longer term if they have uncertainties with their cashflows in a less than 4 year timeline, then they might want to be careful when investing into anything that can be quite volatile, which includes bitcoin.

Quote from: Agbamoni on August 16, 2023, 11:09:06 PM

Quote from: justinlamode on August 16, 2023, 08:12:27 PM

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Sure thing, let's make it simpler. Okay, imagine we're having a focused talk, just like JayJuanGee suggested. Now, about forex, it's not a magic way to make money for investing in bitcoin. Don't get confused! Forex also involves trading and investing, which still carries some risks. My advice is, if you learn more about Bitcoin trading, you'll have a better plan for trading bitcoin. I can even share what works for me. I've tried something called Bitcoin swing trading. With this, you take advantage of short-term price patterns. Basically, you make money when the prices go up and down quickly. It's like a swinging motion. So, if you want to trade bitcoin well, you'll need to understand these kinds of strategies.
Just my contribution....

That does not really help too much, especially suggesting (to what seems to be a troll or a shill or even a disingenuine poster) that we are talking about BTC trading in this thread, even if there might be profitable ways to do it..

Quote from: Odohu on August 17, 2023, 11:46:28 AM

Quote from: JayJuanGee on August 16, 2023, 04:17:57 PM

Personally, I have doubts about any kind of rush to necessarily learn things that you might not have the time and/or energies to learn, and sure if you have some chances to learn more technical aspects of bitcoin, then surely there is nothing wrong with that.... but I would not necessarily conclude that it is healthy to get too focused on the trees and thereby end up losing sight of the forest - because their are a whole lot of angles to bitcoin and there are a whole lot of people who still can value greatly from bitcoin without learning how to code or whatever you might speculate to be some kind of a technical barrier and/or handicap that you might have.

I actually have passion for coding. I have attempted coding when I was in the university but due to the academic workload, which I could not combine with learning new skill, I had to drop coding. After graduation, I started white collar job which also rarely give me time to do any other thing. So, me going back to coding is a kind of passion driven and not necessarily because I want to do it because of Bitcoin.

Oh? That actually sounds like a good idea, if you are going to do something that you already want to do, and even if bitcoin gives you a further incentive to do it, there is nothing wrong with that, and surely you might be able to figure out some kind of a particular niche for yourself or if you do end up studying the coding, you may well even figure out some various angles that you had never thought about previously and potentially be able to share some of those learnings with forum members or even possibly find some angles to bitcoin that others had not seen (which surely is a higher aspirational level, but it does not hurt to have more people looking at various aspects of bitcoin's code whether it is on the first layer or some higher up layers or perhaps some applications that might need some more eyes upon their code).

Quote from: Salahmu on August 17, 2023, 01:51:40 PM

Quote from: JayJuanGee on August 16, 2023, 04:17:57 PM

Quote from: Odohu on August 16, 2023, 03:48:02 PM

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JayJuanGee you have spoken well, I always avoid going into learning a skill which I no i cannot have chance to finish, actually you made me remember a time I went for cyber security training I had good passion on it so I jumped into it without considering how busy I was then doing a part-time school and working and at the same time venturing into cyber security so the stress became much on me so I tried to manage it but I could not so I had to drop after spending money and time I felt really bad so that's why is always advice able not venture into something you're not you could finish.

I imagine that you are responding specifically about my response to Odohu, and just to note that it is much better to not cite whole posts if you are ONLY responding to a portion of such post.

In regards to your actual response, sometimes we are not able to do exactly what we want in life so we have to figure out our various compromises or the various ways that we might feel that we are able to attempt to focus ourselves, and surely there are some people who are able to learn a lot of varying skills and specialties, but many people do need to attempt to focus on a narrow number of things, and surely even knowing some of our own limitations is a kind of skill in and of itself.. that maybe is never completely learned.. meaning that we are always needing to figure out how much that we are able to push ourselves into learning new things or if we might need to take some things off our own plates in order to attempt to be more effective at other things that we might have going on in our lives.

Quote from: Dickiy on August 17, 2023, 06:49:17 PM

So take advantage of all the opportunities that you can use to then collect some BTC and resist any temptation that comes telling you to sell it, it's too early, remember the next 5 or 10 years BTC will be amazing.

I am a little bothered by this mindset, even if you might end up being correct Dickiy....

There are no guarantees of great performance, even if we extend the timeline out longer... even though extending the timeline does seems to give us greater odds that our BTC holdings will be in profits (even accounting for inflation and/or depreciating value of various fiats, including but not limited to the dollar).

At minimum we would like our BTC to be able to outpace the performance of fiats and also other assets, but there is no guarantee of that either, even if we may well consider that there are a lot of good things ongoingly happening in bitcoin.

So if we are going to be aggressive in our bitcoin accumulation strategies merely because we think that we are going to be rich as fuck in 5-10 years, it could well be the case that we are deferring too much of our actual needs to live our lives and not to become overly confident in upside scenarios that are probabilities to happen rather than guaranteed to happen.

Quote from: Onyeeze on August 17, 2023, 09:08:26 PM

I don't what is difficult for we to target when cryptocurrency is in bearish and buy and after buying you hold your coin and decide on when to sell, really whoever that mean cryptocurrency investment knows it target and they know when to buy and when to sell their coin, but some people don't know, buying any cryptocurrency and keep it for long to sell doesn't guarantee us profit because the price of can alternate to another, and it will not make profit for you, so it's good when holding your coin you suppose to have a particular plan of when to sell that you will not lose

You seem lost Onyeeze.. especially since:
1) we are talking about bitcoin here, and you did not even use it one time in your post..
2) do you believe that bitcoin and crypto is the same thing, so you can just throw around that vague nonsense term, even assuming that you were talking about bitcoin when you blabbered out that gobble-dee-gook,
3) you mentioned buyng, selling and knowing when to do it.. .. and if you had looked aty the title of the thread, there is a focus, in this here thread about buying and HODLing.. not selling.. we are not talking about selling here..
and
4) your questioning "what so difficult" seems to be quite out of place, when you don't even seem to have any clue about the topic of the thread, so you are having quite a few difficulties of your own. ..including pretentiousness to be asking "what's is difficult?"

Quote from: salad daging on August 17, 2023, 10:12:05 PM

Bitcoin crash, don't panic, we are still expecting a buy dip, I will try to enter at the current lowest price.

It's not a problem when the price returns to bearish, it's an opportunity to accumulate more bitcoins at a discount with this we still have time and continue to buy at the lowest price. Take advantage of the situation that exists only for Bitcoin to be a good choice.

You seem to be misusing language here. A correction does not necessarily mean that the BTC price is transitioned into a "bearish" posture.

I otherwise agree with your point that this seems to be a kind of signature "buy the dip" moment.. .. even if you had alreadfy been buying all the way down from $28k-ish from yesterday... but yeah some folks do have a tendency to wait for BIGGER dips, and I am not going to proclaim to know when it will stop.. and perhaps that's why I have my systems already set up in which I had already been buying since right around $30k... in $500 increments.. and if we were to end up getting down to $22k-ish (that I don't want to happen).. then I might have to reconsider whether my already outstanding buy orders between $13k and $20k (that I also don't want to execute) are still adequately placed.