Quote from: Justbillywitt on Today at 09:26:43 AM

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Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

I was one of the people making this mistake prior before now, I never knew I was using the wrong approach. But when I started coming to this place I was taught a different approach which I have carefully analyzed and have come to realize that it is the best approach in Bitcoin accumulation. By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

Quote from: Queentoshi on Today at 09:59:06 AM

Quote from: JayJuanGee on December 01, 2023, 08:57:18 PM

but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone

I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.

Quote from: JayJuanGee on December 01, 2023, 08:57:18 PM

because some might not exactly disclose their plans...

I do not know why some people do this in a forum where nobody knows your face, your plan can actually help someone who does not have their own plan, even if you do not want to disclose the whole plan, at least share some side so people can learn.

Sharing can help each of us to teach and to learn, so we can learn from our own description of our approaches and/or to describe some of our ideas, even if we might end up talking in terms of hypotheticals or percentages rather than disclosing too many specifics regarding our own particulars.

A new person into bitcoin might not even know for sure how long that s/he is going to stay in bitcoin, but there might be some kind of a framework of at least 4 years or maybe aiming for 10 years or more, and at the same time, if there might be accumulation goals in the beginning several years, then the rate of your accumulation might also help to inform you more about how you might consider to change your strategies after maybe having a decent stake in BTC, whether it is some percentage of your overall investment portfolio or if you don't have any other investments, then maybe you would measure the size of your bitcoin holdings in light of how many years of income/expenses that it might constitute.. and if it gets up to a certain number of years, such as 20-30 years, then you likely could end up putting yourself into a place in which you don't have to work anymore and you can just live off of the proceeds of your bitcoin investment... but it could take a long time to get to those kinds of levels, and not everyone is very comfortable to speculate out that far including knowing that many obstacles could be between just starting out and getting to points in which you start to believe that maybe you could either start to sell some of your BTC or maybe you don't really need to accumulate more BTC, yet you still have BTC as part of your overall wealth and various options that you have if you want to make changes in the kinds of work that you do (or don't do) and other kinds of consumption or investment activities that you might choose.

Quote from: CryptSafe on Today at 10:42:13 AM

Of a truth patience matters in the life of an investor. As an investor, buying is not the problem but the ability to hold for a long term as planed that matters irrespective of the market down trend. Some investors can not be able to sustain that patience most times when the fud is on. They feel they would lose or miss out. So in other not to miss out they sell in Panic without holding onto their initial plans.
Indeed a winner in the Crypto market is one who can buy and hold for a long time irrespective of the market trend and irregularities attached, they never give up their plans to holding for a long time till their target is met.

We are not talking about crypto or shitcoins in this thread. So if you meant to use the word bitcoin, then you would at least be on topic.

Why would you use any word other than bitcoin? Because you somehow believe bitcoin and crypto are the same thing, or close to the same thing.. or maybe you were just trying to sound smarter.. but in fact you don't sound smarter when you use the word crypto when you are describing something that ONLY works with bitcoin or any kind of an asset that you are able to assess as an investable asset.. which means that it has decently good odds of going up in value and having various strong fundamental attributes that make it worth holding for the long term.. such as 4-10 years or longer. Any of us should be able to make those kinds of long term assessments for bitcoin, but it is not presumptively true of any of the shitccoins.. and if you have some shitcoins that you believe fit in that category, then sure you could invest in that crap, but you should be talking about them in another thread because we are not talking about shitcoins here.

Quote from: adultcrypto on Today at 12:03:11 PM

Maybe most of those proposing investment of what one can lose are suggesting that the price of Bitcoin will get to zero someday or that Bitcoin might be banned globally thereby making it worthless. These are baseless conjectures in my opinion.

Those are not baseless conjectures, especially since they are non-zero.. but they are likely not worth focusing on.. even though they should be accounted for.. just like any of us who might be newer to bitcoin likely should be trying to be as aggressive as we can with our bitcoin investment, but not so aggressive that we end up losing some or all of our coins because we failed/refused to account for a variety of negative scenarios that could end up playing out that don't even require bitcoin to go to zero, even though it could go quite low and even stay quite low for years, and years and years.. so those kinds of scenarios should be accounted for, even if they are not the base case scenario in which bitcoin is likely going to be going up and those who are not prepared for UP are likely going to be missing out and too bad for them.

One of the greatnesses of bitcoin is many of us might well not even need to put a whole hell of a lot of bitcoin into bitcoin in order to have potentials to profit stupendously in the coming years, but at the same time profiting stupendously is not guaranteed and we should be able to both keep a lot of the possible scenarios in mind, to be able to prepare for a variety of scenarios both financially and psychologically while realizing that there are no guarantees that what we did is going to end up putting us in a place that we would like to be which likely may well be that having more options and that investing in bitcoin was better than not investing into it.

By the way, I frequently hear a statement that "bitcoin is going to win" blah blah blah. From my perspective, bitcoin has already won, and it is just a matter of how much more it is going to continue winning.. and we can still be winners and winning, but still could end up suffering a lot of set backs along the way.. the concept of already won and likely continuing to win does not amount to everything being positive or that some battles are not taking place and also that there are also losers within bitcoin because they don't play their winning hand very well and they end up losing coins and doing other dumb stuff, even though they should realize that they are working with a winning hand already, especially if they already know about bitcoin and they already have been taking actions to make sure that they maintain a decently aggressive bitcoin allocation (without overdoing it, which is also possible).

Quote from: Fara Chan on Today at 12:11:47 PM

Quote from: Popkon6 on December 01, 2023, 03:37:09 AM

Altcoins are always risky especially for long-term investments. Because in my opinion FTX, Luna Coin etc. have completely disappeared from the market, this is the biggest proof that AltCoin is definitely a risky investment.

I had not even considered any altcoin for long-term investment before the case involving FTX, Luna Coin etc. Because I am quite aware that any altcoin will not be better than Bitcoin, so my long-term investment consideration is only for Bitcoin by applying the method that I have been using so far, namely DCA and I will continue to do this as long as I still have the desire and ability.

Quote from: Popkon6 on December 01, 2023, 03:37:09 AM

Investing in Bitcoin allows you to invest freely because the investment depends on you. It is best to hold the amount of money you buy Bitcoin for a long time. Investing in Bitcoin will reduce your risk because it is a trusted coin, which has been in the market for a long time and its high momentum attracts investors the most.

That's true and not wrong at all, but I think it's more suitable for you to say to newbies who have just entered the world of crypto or have just entered the market to buy whatever they want without considering which one is best. Because I'm quite sure that currently there are still many newbies who make mistakes in choosing which coin is the best to invest in so that the mistakes they have made can at least be reduced when someone gives them advice like this by considering major coins such as Bitcoin and try to ignore any altcoin to no longer invest in it, unless only to trade it in the short term.

When it comes to shitcoins, of course people have the right to do whatever they like, and we are not going to stop people from being dumb and even overly playing their shitcoin hand by investing too much into them (in terms of time, money and energies), but you cannot really stop people, yet instead of encouraging anyone from getting involved into shitcoins, I frequently will just suggest to limit your shitcoin adventures to less than 10% of your bitcoin value, and in the end people are going to do what they like anyhow.. ..

and by the way, even with limiting themselves, there are responsible ways to limit yourself and there are less responsible ways.. so some people might agree to limit themselves to something like 10%. .and then when they keep drawing from bitcoin and other assets in order to get their stake back up to 10% into their shitcoin, they may well be engaging in a kind of cheating, but it is much easier to control such cheating if it is restricted to 10% rather than if they had some higher number such as 20% or even some people suggest 50% which is absolutely crazy in terms of both the amount but also in term of how able those gambling shitcoiners can end up in ongoingly cheating by tapping into the other and end up draining the value of everything even if they claimed that they had a 50/50 limit or whatever other bullshit.. so yeah, there may be a few smart people who can go beyond 10% and even show that they are able to make money, but that does not mean that the way that we speak to others should be in terms of a 10% limit. .and people are going to come to their own conclusions anyhow, which sure they are free to do it, but we are also free to continue to suggest a10% limit, even if they might be able to show us that they had been successful (monetarily) with their having had gone beyond the limit that we suggested to them.