Re: Buy the DIP, and HODL!

Buy when the price is low and sell when the price is high, that is the golden rule.

We are not talking about selling in this thread. We are talking about various forums of accumulating bitcoin with a presumption of long term investing, and there is no need to figure out your various selling parameters until later down the road.

Of course, you can talk about whatever you like, but if you are talking about buying and selling as a kind of basic approach to investing, then maybe you are not even clear about what investing means, since you are talking about trading rather than investing.

Yeah, a lot of folks make the same dumbass mistake, and they act like their getting in and out of some asset (whether bitcoin or anything else) is actually investing, when it better fits into the category of trading and or gambling.

I'm happy I'm am getting ideas, I understand what you are saying very well, as a newbie I have thought of ways or strategy to use in my investment and that is one of the reasons I joined this forum to get ideas.
From the ideas I have gotten from this forum now trading is a no for me when it comes to bitcoin investment, I'm planning on hodling and I will use the DCA method mentioned here in this forum for me I think is the best I don't need to wait for the fall of Bitcoin before I can start accumulating I will start now since is a very very long time investment am going into.
Thanks JayJuanGee for your intelligent write-ups, I went back and I saw a lot of your write-ups and it has really changed my way of thinking about Bitcoin investment.

I am glad that you are rethinking your earlier practices - especially if you had been thinking that selling is a good way to accumulate more bitcoin.. so if you can figure out some kind of an amount of weekly investment amount that is reasonable to you, whether that is $100 per week or $10 per week, you can start out some kind of an ongoing BTC accumulation plan and to study bitcoin at the same time in order to perhaps become more confident in your own choices regarding how much to buy, how long to accumulate it and how much bitcoin that you might think that you might need before you might start to change your strategy into something other than ongoing accumulation... and one of the things with bitcoin is that anyone can get into it at amounts that work for them, yet they still may have to figure out how to hold it themselves and various other kinds of learnings about bitcoin in order that bitcoin may have greater chances to give them more rather than fewer options in their own futures.

From my own personal experience I have come to understand that people who thinks to buy bitcoin and sell founds difficult to hodl bitcoin because the main reason for them buying bitcoin is just sell to make profit and they want this profit so fast which is so difficult for them to have that patience to hodl bitcoin. Those that their thinking is just to buy bitcoin are the real investors because they buy and never have any thoughts of when to sell bitcoin. Buying bitcoin and planning when to sell is just like trading buy buying and hodling their is no plan of when to sell and investors like this hodl comfortable without been bothered to get profit quick. Buying bitcoin to hodl is not difficul but everything depends on interest. If the interest is there to buy bitcoin will be very important and the amount either small or big does matter.

before you see somebody make up his mind to hold Bitcoin for long time that means that person has been involving itself in business of cryptocurrency so what come to their mind mostly is to buy bitcoin and the sell when the price increases more so many or persons who said that they are holding Bitcoin they are not holding Bitcoin because what they needed at that time is to make a profit and if bitcoin increase above the amount to the bought in the market they will sell to make a profit and after them they will also purchase and when bitcoin increase they will say so that is continuous way there are doing things in order to make a small amount of profit not knowing that when you hold a bitcoin for long time it is when you make a potential profit more than investing short term.

I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.

This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.

It Will make more sense if only you can be more specific in terms of using the word crypto such that if you are referring to Bitcoin you can just say Bitcoin or probably mention the other coins that your are making reference to , another important thing I want to talk about is the fact the only coin that has holding potential is Bitcoin as it has a solid foundation such that other coins performance depends on it , so for me it doesn't really make sense for anyone to say that to buy and hold is the anthem of all crypto enthusiasts whereas is a Bitcoin long term investment discussion thread.

I see where you’re going with this and you’re absolutely right, I was also referring to Bitcoin thanks for the notice I’ll be careful with my wordings next time to avoid any confusion of any sort.