Quote from: aoluain on Today at 07:53:03 AM

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

In the whole scheme of things, there is not much of a difference between $35,500 and $37,200-ish. It is not even quite 5%, and surely it might not be worth the risk to be fucking around with those kinds of waiting, especially if you are still low on BTC.

And surely ONLY a month ago we had bitcoin in the upper $26ks and the lower $27ks, so if you had been regularly stacking, then there should not have had been much cash build up in one month unless you might have had been unduly sitting on cash because you were overly waiting on dips lower than $25k or whatever reason that you might not have had been buying a month ago.

Another thing is that you have been a forum member for more than 6.5 years, so surely you might well have the luxury to be fucking around with waiting for dips if you have largely already been stacking for 6.5 years. So even a relatively aggressive and consistent stacking of $100 per week since your forum registration date would have caused you to spend $35k, and you would have had stacked 4.3672 BTC (which would be nearly $159k.. which is more than 3.5x in profits).. .. and surely anyone who might have been stacking longer might be able to reach a stage in which they might set themselves up for various buying on the dips, but sometimes there still might be needs to continue to buy regularly, especially if you might still feel that you do not have enough BTC to be waiting for BTC price dips that may or may not end up happening.

Quote from: Ryu_Ar1 on Today at 11:07:40 AM

Quote from: Mia Chloe on November 14, 2023, 11:50:59 AM

Quote from: Zigabel on November 14, 2023, 09:01:55 AM

Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.

Talking about approach I believe the phrase "HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it.

Actually in something like this I still think differently from what hodl said what you can afford to lose because I don't hold back to lose even though maybe in this case the intention of some people is that when we hold back and invest we must also be prepared to lose because bitcoin is still at risk. But in my opinion, such a notion sounds like investing in bitcoin seems to be gambling because it assumes that when the worst happens then we will lose the investment we have but keep in mind that this is an investment and even if there is a worst case scenario where bitcoin has decreased we also do not lose anything (in the bitcoin investment we do) if we do not sell it even though in terms of value it may shrink but we will never lose as long as we do not let go. Therefore, I do not really agree with the phrase "hodl what you can afford to lose" because I hold not to lose but I invest and still hold bitcoin until now because I believe they will have better progress.

You can believe whatever you like Ryu_Ar1, but to me, you sound somewhat mixed up, including that you don't seem to know the difference between gambling and investing and also the mere fact that you might be prepared to lose your whole investment (such as in bitcoin), that does not cause the BTC investment to become gambling merely because there is a possibility that BTC will go to zero.

If you choose to ignore the possibility that BTC could go to zero, then you are the one who may well be gambling because you are refusing to account for an actual fact that exists even in bitcoin and even if the odds of bitcoin going to zero or even close to zero (such as going back to $1k or less) might well be quite low.

So then the more important question becomes how to deal with the possibility that your investment could go down, and that has to do with investing techniques, and perhaps pulling some value out of your investment from time to time once your investment has reached a certain size, and if you don't employ leverage in bitcoin, then the most that you could lose is 100% of your investment, but the reason that bitcoin is considered such a great asymmetric bet to the upside is because there are still pretty decent arguments for it to go up more than 1,000x from here, even though it could take 100-200 years to accomplish such... but even the shorter time frames, 10-100x may well reasonably considered to be within the investment lifetimes of many of us forum members, including that it is possible even within 4-10 years to be getting BTC price appreciations of 10x to 100x, even though the higher end of the range may well take a bit longer than 10years maybe even 20 to 30 years, so it is not easy to even figure out both the possible upside scenarios and the timeline, but still we should not ONLY be considering upside scenarios, and so in some sense, we have to consider that at any point it is possible for whatever value amount is our BTC and do we want to keep our value in bitcoin because it may well go down from here rather than up, as we had anticipated.

Quote from: Ryu_Ar1 on Today at 11:07:40 AM

In addition, assumptions like this also contradict the strategy that I do because I am in bitcoin with good intentions and a strategy that until now I think is right so what am I preparing to lose even though the risk of crashing bitcoin is still there but that does not mean we lose the bitcoin we have.

It does make a difference if your 1 BTC is worth $36k or $1k or less, no? .. so is it going to make you feel good to have 1 BTC or even several BTC if your total holdings are more than 90% in the red and you cannot conceive any scenario to get the value up within the timeline that you might need the money... so then at that point, there may be a question about whether you truly are willing to ride your investment to zero and did you already get enough out of your investment or did you invest such an amount into bitcoin that you were prepared for possible scenarios that bitcoin prices might go down rather than up and you are not able to get anything out of your investment amounts because you were still not at the point of having had built up enough bitcoin that you had felt comfortable to extract any value from it..

and another thing is that if your BTC is not in profits, then it would likely not be a good idea to extract value from it, so any time that any of us wants to extract some value, it would be better that we have systems set up to only be extracting profits, and we should not be wanting to sell at a loss, and maybe anything at a loss we should be willing to ride it down to zero, especially if it never ends up returning to profits.. .

so then another question might be how much we are able to continue to invest into bitcoin if its prices were spiraling down and if it went below $1k would we still be wiling to buy bitcoin. .which will also likely partially depend upon the reasons why it might end up spiraling down in price rather than going up.. and if that might be temporary or a permanent downward spiral.

I don't claim that these are easy questions for any of us, because I surely have imagined situations in which I am continuing to buy on the way down and running out of money and the price keeps going down and I keep buying BTC with whatever I can muster up. .and it is not an easy situation to imagine at what point might any of us consider that we should not be buying anymore BTC because we have bought enough and if it is going to go back up, we just have to wait it out and if it does not, then we just ride it to zero, or near zero.

Those dilemmas and contemplations of possible happenings in bitcoin do not sound like gambling to me, but instead those kinds of dilemmas/contemplations sound like attempting to grapple with scenarios in which a potential investment did not work out as expected, and surely something like that could happen to bitcoin, even though it seems less likely now than it did in late 2013 when I first got into bitcoin.

Quote from: Roseline492 on Today at 01:01:30 PM

what is important right now is being able to be part of Bitcoin now is good because even if it drops it will not affect your investment because it must surely comes up and if it moves uptrend you are also at an advantage so let's keep accumulating.

What you are saying is not true. The mere fact that bitcoin prices went down does not mean that they are going to come back up. In fact it is possible that they never come back up, so you should not be putting yourself into thinking that it is inevitable that BTC prices are going up from here, or even from any point that you might buy a BTC price dip.

Sure, if you buy a dip, you have bought lower than what prices had previously been, but that mere fact does not guarantee that BTC prices are going to go back to the earlier higher price.