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Re: Buy the DIP, and HODL!
by
Wind_FURY
on 03/10/2023, 11:31:41 UTC
Quote from: Frankolala on October 02, 2023, 08:41:59 AM
Quote from: Wind_FURY on October 02, 2023, 05:35:24 AM
Quote from: JayJuanGee on October 02, 2023, 05:06:49 AM
Quote from: peter0425 on October 02, 2023, 02:26:02 AM
Quote from: JayJuanGee on October 01, 2023, 07:34:31 PM
If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out
I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.

I started out with $10 per week as an example because a lot of people can probably do $10 a week without even having to know very much about their own finances... and sure there are some members who either hardly have any income or they are living in a very low income location (or they might be a student), so even $10 per week might be a struggle for them, so they have to tailor to their own situation, even though $10 per week could still serve as kind of a aspirational starting point..

I am not really against the idea of having a separate gambling fund, but yeah, sure one of the problems with the gambling mentality tends to be inabilities to control yourself from tapping into funds that should be kept separately.. and then your little build up of weekly bitcoin DCA ends up getting used a a "temporary measure" blah blah blah.. but then pretty soon you lost all of the funds that you had built up.


I wouldn't call it a "gambling fund", but the farther away Bitcoin goes from the "discount phase" it's probably better to start lowering the DCA bids, and save that money in a "buy at discount fund". I don't know why I'm not as euphoric as everyone else with the current price movement, because in the current macro-economic environment, we're at high interest rates and under a tight monetary policy which may not change soon. Does everyone actually believe Bitcoin will never go down again?

BUT I read this blog, https://willowdaleequity.com/blog/what-assets-do-well-in-stagflation/

In a Staflationary environment, it's probably the best decision to buy more Bitcoin?

Nobody knows if the price of bitcoin will go fown again. It may or may not as it is hard to predict bitcoin price movement. The price is still at the good side to continue with DCAing as we are still expecting bitcoin price to pump, since this is the last quarter of the year and there will be bitcoin jalving by next year April.


I was merely making a point that we should ask, "who's lying" or who got it wrong? The market? Or the fundamentals? Although everything in my mind wants Bitcoin to surge to $50,000, logically, it says that because of the tightening and the restrictive monetary policies, there might be a recession coming. I don't expect Bitcoin to surge during a recession when people have no jobs and no savings.

¯\_(ツ)_/¯

Quote from: JayJuanGee on October 02, 2023, 05:07:03 PM
Quote from: Wind_FURY on October 02, 2023, 05:35:24 AM
Quote from: JayJuanGee on October 02, 2023, 05:06:49 AM
Quote from: peter0425 on October 02, 2023, 02:26:02 AM
Quote from: JayJuanGee on October 01, 2023, 07:34:31 PM
If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out
I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.
I started out with $10 per week as an example because a lot of people can probably do $10 a week without even having to know very much about their own finances... and sure there are some members who either hardly have any income or they are living in a very low income location (or they might be a student), so even $10 per week might be a struggle for them, so they have to tailor to their own situation, even though $10 per week could still serve as kind of a aspirational starting point..

I am not really against the idea of having a separate gambling fund, but yeah, sure one of the problems with the gambling mentality tends to be inabilities to control yourself from tapping into funds that should be kept separately.. and then your little build up of weekly bitcoin DCA ends up getting used a a "temporary measure" blah blah blah.. but then pretty soon you lost all of the funds that you had built up.

I wouldn't call it a "gambling fund", but the farther away Bitcoin goes from the "discount phase" it's probably better to start lowering the DCA bids, and save that money in a "buy at discount fund". I don't know why I'm not as euphoric as everyone else with the current price movement, because in the current macro-economic environment, we're at high interest rates and under a tight monetary policy which may not change soon. Does everyone actually believe Bitcoin will never go down again?

BUT I read this blog, https://willowdaleequity.com/blog/what-assets-do-well-in-stagflation/

In a Staflationary environment, it's probably the best decision to buy more Bitcoin?

You surely seem to be going in both directions with your commentary,


They're not entirely commentaries, those are questions. I'm merely asking for your and everyone's opinions. I don't want to hear another "who the hell knows"? This is not about "when to buy or what price to buy". I just want a discussion, it doesn't matter if we agree or disagree, but we can still learn from each other.