Quote from: Fuso.hp on November 09, 2023, 04:11:00 PM

Quote from: rachael9385 on November 09, 2023, 12:58:58 PM

You are correct because there are no reasons to wait for the dip because a lot of weeks or months might pass and Bitcoin might not dip and one can use the money he/she was planning to buy the dip when it dipped to do something else. Most times when Bitcoin dips, those that are waiting for the dip might not even have the money to buy it anymore, rather than waiting till they have the money, but nevertheless, the dip will not wait for such a person, because Bitcoin has a destination that it is heading to, so the best strategy is DCA and not waiting for the dip.

To those of us who say we are waiting for opportunities to invest, I want to say that we are missing opportunities every moment. We take it one day at a time and miss one opportunity at a time. We will actually think that this is the best time to invest at what point is the price of Bitcoin? Those who wait for time and don't invest may not know themselves which is the best time to invest. I'm sure those who are biding their time are waiting for the bitcoin market to reach $30k ie they will invest when the bitcoin price reaches $30k. They only think that they will invest 30000 dollars, but when the market comes to 30000 dollars, they will wait for it to come down a little more. If the market goes down again, they will come down a little more, so they can't invest.

We have seen the Bitcoin market hovering at $35,000 for a few days, but those who were planning to buy dips would have seen something positive at the beginning of their investment if they had invested in Bitcoin when it was at $35,000.

Perhaps the market is now at 38 thousand dollars, those who are new investors and plan to hold for a long time will not be impatient, you can invest from 38 thousand dollars if you want. Two to three thousand dollars isn't much of a difference to the amount of profit you're likely to make on your investment if you invest now and hold it for a long time. Invest now and try to hold onto that investment deeply. Overcoming hundreds of hurdles, when you keep this investment for a long time, you will not regret but will be much more excited about your investment.

It is a bit crazy and ridiculous that you are talking in terms of buying a whole bitcoin, when the overwhelming majority of the world's population and those who are able to get into bitcoin are not going to be able to buy a whole bitcoin at one time, and so you are talking about real minority (and even elite kinds of scenarios), and even people who might decide to invest $10k in bitcoin might well not do it in one lump sum.. but instead spread the buys out over a week or two.

Yeah, there are some folks who have that amount of capital, or even 100s of thousands of dollars in their investment portfolio, and they may well be willing to allocate the quantity of a whole bitcoin at once, but still seems like a pretty small minority of people and likely NOT the kinds of people coming to this thread as newbie bitcoiners...

Sure you have some decent points, but you are still framing the whole hypothetical in kind of dumb-ass ways. .including a kind of presumption that there is a necessity of getting a whole coin or a whole coin at once. Yeah, some people are dumb like that (and maybe quite a few people who do not know about bitcoin are thinking in those kinds of terms) , but there is no need to be enforcing those kinds of dumb ideas, even if a lot of people think about them and even don't really realize the power of the satoshi... which likely just means ongoingly cheaper sats for those of us who better understand ideas of divisibility.

Quote from: Litzki1990 on November 09, 2023, 05:02:58 PM

Quote from: JayJuanGee on November 09, 2023, 02:42:45 PM

I think that it is difficult to proclaim what people should do merely based on expectations of BTC price performance, especially if they had been in bitcoin for a longer period of time, then they may well have already set up some practices and/or parameters for selling their BTC, so largely both of us are attempting to respond to a longer-term scenario where kingvirtus09 had presented a somewhat vague scenario in which s/he seemed to be suggesting that a longer term BTC holder might have had sold many or most of his/her BTC during various past BTC price upswings, and I was merely off-setting such proclamation in a way to suggest that there could be scenarios that a longer term BTC holder might just be selling BTC at any price and at various points of BTC price appreciation with ONLY small attention to the extent to whether we might be in a bull market or a bear market, but at the same time, personally, I am with the idea of selling on the way up rather than either selling on the way down or even overly selling BTC with expectations of abilities to be able to buy back.

It is natural that not all investors will hold their investments up front but it is also true that not all investors will sell their investments up front. The market is in a good condition now and in such a condition some investors will sell their investments because they have noticed bad market conditions in the past and they may not be brave enough to hold on to their investments. You can be sure that those who are not brave enough to hold on to their investments now and those who sell their investments now will regret selling their investments at some point. I have a lot of faith in the Bitcoin market and that faith gives me so much courage.

To be honest, if the Bitcoin market goes down a lot now, I won't think for a second why I didn't sell my investment because I'm used to it. Since I have developed a confidence in holding my investment deeply and since I am not very excited about market changes, I am sure and confident in myself that I can hold 100% of the investment even in the current market conditions.

The Bitcoin market moved around $38K today but from there the market has rebounded to around $36.5K. The market has changed so much in such a short period of time that many may have started thinking that they should have sold their investments at that time. People with such ideas will be more worry free when selling their investments. I think people who overthink their investments should sell their investments because overthinking is harmful to one's health. I will sell my investments at market highs and wait as long as I have to.

If you have a system in place that both provides you comfort but also that you have various plans for a variety of scenarios, then surely you are likely to be more prepared when those scenarios play out and even sometimes more prepared when the BTC price might go beyond some of your anticipated scenarios. which does happen from time to time, and so we likely do not need to necessarily agree upon the various ways to structure the plan in order to recognize and appreciate the various problematic natures to attempt to play the shorter waves which is selling on the way up and expecting to be able to buy back. Surely, I am not personally against the idea of selling on the way up, but I think that it is quite problematic if any of us are selling on the way up and expecting to be able to buy back.. that just does not seem like a good mindset and/or a good framework, even though many normies do get sucked into trying to play the market in those kinds of directions and likely an overwhelming majority of the ones playing those kinds fo games would have had been much better off to just focus upon various ongoing buying techniques and/or buying on the way down techniques..

but at the same time, any of us might be able to recognize and appreciate that some people might have goals in which they do want to cash out some BTC at various points in time, and hopefully they do not end up having regrets in terms of selling too much too soon.. which surely does end up happening quite frequently in bitcoin's history, and really there is no reason to speculate that these kind of tendencies to sell too much too soon are not going to continue to take place.