Quote from: Justbillywitt on Today at 07:52:18 AM

Quote from: OgNasty on Today at 04:31:43 AM

Are we considering $66K a dip now?

Considering how far bitcoin has come and may obstacles that bitcoin has overcome to get to this point, I won't consider $66k as a dip. The price is a good one for me. Let's not be too greedy in our quest to make more money and forget how well bitcoin has done. For me $66k is a good price and it is not a dip. Bitcoin can't be making new high every day. Anyone calling $66k a dip probably joined bitcoin investment early last month. 15 years ago many of us couldn't believe that bitcoin would ever get to this price, but today some people are calling $66k a dip. We should control our greed and celebrate bitcoin current price, even as we get ready for the full blown bullrun. I know a day will come when some folks here will consider bitcoin at $100k a dip. What an era to be alive.

Of course $66k is a dip, as compared to the $74k price that it was 3 weeks ago, yet we still cannot know which direction the price is going to go and how long it might stay within other price ranges - whether higher or lower from here.

As you suggested, if you already have a lot of BTC, then you are in a better position to just sit matters out and maybe even sell some, if that is what you want to do.

But if you don't have much or any BTC, then you still have to figure out what you are going to do, and if you had been buying BTC in the last month or so, then why would you not continue to buy BTC - that is unless you ran out of money for buying.

Quote from: michellee on Today at 08:21:21 AM

Quote from: OgNasty on Today at 04:31:43 AM

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

Hopefully, you are not ONLY preparing for down.. since down may or may not end up happening.

Quote from: michellee on Today at 08:21:21 AM

The price may continue declining until it is time for the halving.

but it might not, too.

Quote from: michellee on Today at 08:21:21 AM

After the halving, the price will go sideways until people get bored waiting.

How do you know?

Quote from: michellee on Today at 08:21:21 AM

Only then will the price increase slowly from up to down.

That sounds a bit ridiculous. Not that you might NOT be correct, but that you think that you actually know what is going to happen.

Quote from: michellee on Today at 08:21:21 AM

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

It sounds like you got it all figured out.

Good luck with that kind of thinking, you are likely going to need it.

Quote from: 348Judah on Today at 03:23:57 PM

the reason why we are expected of having alternative to our source of income, when we invest, we buy the dip, hold and when the market rise, then we sell, we do this over and over again.

Either you don't know what you are talking about, or you are in the wrong thread.

We are not talking about trading here, and if we are talking about investing, we do not necessarily need to be trying to figure out when to sell in order to buy more BTC at a lower price, which surely is trading (gambling) rather than investing.

You seem to be mislead if you think that trading is another kind of investing - since surely trading is not necessary in order to invest, and it is actually not a good idea to trade unless you develop some kind of a technique and skills to figure out how to either anticipate price directions and/or to hedge your various ways of buying and selling, which again is not what we are talking about in this thread or even recommending.

There have been a lot of people who have done really well in bitcoin, including doing way better than traders by employing various investment techniques that largely revolve around various ways of accumulating and holding BTC, which is the topic of this thread.. and surely you even likely realize the main BTC accumulating techniques as being dollar cost averaging, lump sum buying and buying on dips.

Of course in order to be decently good investor there are some personal finance management techniques that will help the investor to better recognize the extent to which he has available capital, including managing his discretionary/disposable income - which is largely the extra that is available between the amount of income coming in and the expenses, and surely if a person has saved up money and/or investments in other assets and/or currencies, then putting some or all of that value into bitcoin could be taken into account and potentially considered as a possible investment allocation option.

Quote from: Pi-network314159 on Today at 04:04:57 PM

Quote from: Mayor of ogba on Today at 09:46:21 AM

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

That is actually what this thread is all about, not investing on shitcoin but rather invest on bitcoin. Looking at this information I see that it was a presale and not a direct purchase. It's more likely an airdrop. There has been several warning about not buying altcoins and shitcoin but anybody who chooses to buy it, buys at his or her own risk or detriment. and when the problem comes, it will affect the person all alone. Everything we do depends on individual differences.

Of course, there are folks who might buy 20, 30 or more of various shitcoins, and then hope that 1, 2 or more of them might shoot into profits and to make up for the money that they lost on the others... which truly seems like a BIG ass waste of time, money and energies, which is part of the reason to recommend that those folks who cannot resist the temptation to involve themselves in shitcoin to limit their exposure to less than 10% the size of their bitcoin holdings, yet part of the problem with any degenerate gambler and person attracted to shitcoins is that they cannot limit their own level of lunacy, degeneracy, greed, and/or desires to get rich quick.

Sure, there could be some of them that are able to save themselves from such temptations or to limit their exposure while maintaining their eye on the prize, which is bitcoin, but they don't seem to be a very common kind of person, even though everyone likes to consider themselves as reasonable, it is easy to get drawn into the shitcoin talking points... which we should also limit ourselves in terms of talking about it too much here.. except just suggest not to do it or at least to limit how much you do it and perhaps talk about it somewhere else so that we don't waste our time too much with such mostly meaningless distractions.