Re: Buy the DIP, and HODL!

[edited out]

What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no?

Yes, people to think about bitcoin as a ponzi, and they don't really tend to understand what bitcoin is.. and I still see no reason to get worked up at the term investment,

Pardon me, but let me stop you there. No one is getting "worked up" at the term "investment". I'm merely debating for learning more about Bitcoin if someone wants to talk about it with other people, especially nocoiners that are still suspicious about "Bitcoin". I believe if the suspicious truly learn about how it works and how elegant of a solution was found to the Byzantine General's Problem and the game theory behind it, then something inside them might "click" and acknowledge the value of what Bitcoin gives to society. People should accept that it's a new "standard" for hard money, and THAT makes it a good investment.

No problem.

Stop getting worked up so easily. Wink

Quote from: Popkon6 on Today at 06:24:14 PM

The person who invested for more than one year did the best. The longer the investment is, the more bitcoins you can accumulate, the more bitcoins you accumulate, the brighter the future. That's why I prefer Bitcoin and have been investing for about 14 months. I want to be more patient with bitcoin investing, I am following the DCA method to success. Because I invested in following JJG, today I am running towards success is the single biggest achievement.

Fair enough.

14 months down and progress.

Let's see where you are at with another 34 months - .. which would be 48 months in total.. and time to reassess - even though surely you can ongoingly reassess, but getting through a whole cycle is really likely to give a lot more concrete evidence in regards to how you dealt with the whole cycle.. .. and no, everyone does not have to handle the whole cycle the same, and there surely could be some folks who are DCA'ing in the strictest and the most traditional and consistent kinds of ways, and there may be others who attempt to hybridize their DCA approach with variations of strategies that may or may not end up paying off more than a strict and consistent DCA approach...

Personally, I get the sense that the most strict and consistent of DCA approaches may well turn out to be more on the whimpy side in order to be successful in their own right, even though surely I try to suggest for newbies (especially anyone without a whole cycle of being in bitcoin and accumulating BTC) to be as aggressive as they can without overdoing it.. and so I am not even sure if my recommendation would end up outperforming a strict DCA approach.. but it would likely end up with more value invested and perhaps even a higher cost per BTC.. which may or may not end up paying off.. and surely it is easier said than done too... because when each of us tailors our approach to our own circumstances, we likely are making decisions that vary from one another.. and that is part of the benefits and the curses of tailorizing your BTC accumulation approach.. the need to exercise personal discretion and sometimes "on the fly."