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.

The problem is that some of them might even know that long-term bitcoin investment is the best to achieve a reasonable amount of profit but they are not ready to invest for their future, because they believe that they are smart enough to make it in life without investing but from the little profit that they will get from short-term investments. Some of these short-term investors bought bitcoin not with their discretionary income because they have plans of using that money in which they used to buy bitcoin in a year time or money that they, or some don't even have a means of income. Which is wrong because if bitcoin price dips below their entry point when they need the money, they will run at loss.

This is why anyone that want to invest in bitcoin must have a means of income and use part of his discretionary income to invest in bitcoin using DCA strategy to buy continuously and persistently, so that he will be able to hodli for a very long time, because the amount that he is using to buy bitcoin is an amount that will not affect home if it lose it.

The bottom line is that those people after short-term profit don't care about to be rich in future, if not they won't follow this step because no matter how many buying and selling that they do, their portfolio will still be small in size compare to a bitcoin investor overtime.