Quote from: EarnOnVictor on Today at 07:44:13 AM

Quote from: Sorryfor on Today at 02:07:43 AM

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You've nailed it, my friend, many will just be running their mouths about Bitcoin investments but will never be reasonable with it, only to repeat what they can commonly read online. To DCA or whatever approach you use to invest is a thing, but to have your investment plan after the approach is another thing and both have to be considered before an informed-investmenet can be made.

Why DCA when you know you will divest pretty soon? It is only a dedicated HOLDer that such an investment approach will fit. Also, the most driving force to HODL will be your trust in that particular asset you want to invest in, not because you see people doing it or you are just making some random investment like most people do. You can see this kind of trust in some people like JayJuanGee here when it comes to Bitcoin. Such people may not even care to hold it for decades. I envy the spirit but it could have been easier for me too if I bought Bitcoin at a deeper low.

You are likely correct in your presumption that I maintain a bit of trust in the long term performance of bitcoin, yet I still doubt that I am engaging in a blind trust or even expecting that either I or any other member should invest into bitcoin with blind trust - so frequently I continue to talk about position size and even preparing for possibilities that your investment into bitcoin could go down to zero.

Accordingly, in the earliest years of investing, there may take a bit of a commitment and persistence that involves continuing to invest into bitcoin, even if the holdings might not be in profits for some of that time, and so each of us still has to figure out how much of our discretionary income that we would want to put into such an investment that may or may not end up recovering.. so how much are we willing to lose, so in that sense, I might not be overly trusting in bitcoin, but instead trusting that if any of us creates an investment practice in which we are truly ONLY investing with money that we could afford to lose, then we are not going to preoccupy ourselves in regards to whether we are in profits or not in the first cycle or so.. and yeah none of the persistence is easy if your holdings might not be in profits, so the ability to continue to buy is a bit of faith that the asset (in this case bitcoin) has decently good chances of recovery that will put you back into profits, and even if the asset might not get back into profits, the whole investment is worthy in the sense of what bitcoin stands for.

Regarding your starting out your bitcoin investment journey by buying on dips or feeling good about your entry point, that may well be the sentiment of a trader rather than an investor.

Surely everyone would prefer to be in profits, so if you buy on the dip or you have a lower priced entry point, then you increase your odds of being in profits from the start of your investment, yet surely from my own point of view, from any price point, frequently it is way too difficult to figure out whether or not there is going to be any further dip, so I place way more value in both getting started and also getting started as soon as possible (in order to prepare for UP) rather than fucking around with ideas about whether your entry point is good or not. Sure, you can hold some extra money on the side for buying on the dip, but from my point of view, you gotta prepare for up, and the only way to prepare for up is by buying some bitcoin, which if you are just getting started, you just enter at whatever the BTC price happens to be... and then at least you have some skin in the game and you can tailor your subsequent strategies from there, but at least you have some level of preparation for up if you have at least started out by buying some, even if the price might end up being at or near the top (which with something like bitcoin, you cannot hardly know whether you are at or near the top either).

Quote from: I_Anime on Today at 08:46:03 AM

Like for me this BULLRUN ain't my target , is just a form of encouragement to keep pushing and accumulating. Till I have gotten to my fuck you status ( point of having enough Bitcoin stash). Because this isn't the only bitcoin we are gonna experience, there more to come . So I'm literally preparing for the future, because bitcoin investment is all about the future and bitcoin we keep on growing over time , to be frank I didn't started my bitcoin accummulation on time , so I have not gotten to my target yet, my target now is for me to have more than one bitcoin, due to bitcoin recent prices it won't be easy to get there just like that so it may take years before getting to that point and don't forget bitcoin price wait for no one .

Of course, we have likely talked about this very subject previously, and I think that we determined that anyone getting into bitcoin now would probably need to accumulate somewhere in the ballpark of $200 per week for 10 years in order to have decently good chances of getting to 1 bitcoin in 10 years, and so maybe someone who might have started in late 2022 or early 2023 might be able to get close to 1 bitcoin by continuing with at least $100 per week in bitcoin for 10 years.. maybe?

Even the guy who started investing $100 per week starting in December 2022 would have invested right around $8,400 and would have had accumulated 0.26 BTC, so surely not a bad place to get more than a 1/4 of the way to 1 BTC in less than 2 years - even though difficult to know if the BTC prices will stay down low enough in the next 10 years to finish accumulating the remaining 3/4s in the next 8+ years.

My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.

Quote from: Wind_FURY on Today at 08:46:33 AM

Quote from: Samlucky O on July 08, 2024, 02:24:12 PM

Though marrying a rich wife doesn't even guarantees your accumulation process. You may marry a rich wife yet she may not be supportive to help you in the accumulation process. Where it could have been better is when both of you have thesame zeal and passion or desire to achieve the goal of a regular DCA acculturation. A rich wife or no rich wife, DCA and long term investment is a personal choice or decition which is not a must that your partner must be in the scope of your plan. If your partner happens to support your vision of long term investment in bitcoin it is good for you. But it is under probability for a woman to support your bitcoin journey because they are not always patient, they always need sharp investment that will yield profit in a short period of time. that is why most of them can not invest in Bitcoin. Just bear it in mind that the journey of your long time investment relies on you and not on her. Surely marrying a rich wife might be problematic sometimes, in terms of investment. and marrying an average girl may be helpful in time of being supportive I.e (vise versa ). But the truth of the matter is that we should not expect them to have thesame though as we do, but we should do what is necessary without any form of distractions because any distractions can reck a man's dream of buying and HODLing for a long time.

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

Surely you say some of this in jest, yet we know that sometimes folks will jump through various hoops to try to get what they want, and sometimes a bit of creativity might be needed in terms of what resources that we might have available to us.

Another thing is that many of us might get into relationships for the wrong reasons, and then that ends up being quite a mess, but we still have to deal with the mess - and hopefully not devolving into too many morally reprehensible behaviors in order to get what we want and to build the life that we would prefer to have.

Quote from: laijsica on Today at 08:59:30 AM

You must remember to keep bitcoin stashing strategy with buying on dips to take profit as long term holding can protect your margin while also taking high profit.

You make a lot of decent points in your post laijsica, yet this last point seems to lack quite a lot of focus, since you seem to believe that trading is a way to accumulate more bitcoin... so you are mixing up trading and investing and so it can be quite problematic to be thinking like that... yet I know that a lot of folks keep those trading tendencies to be included in their ideas about bitcoin.. which may or may not end up working out.. especially if you are trying to suggest trading as a solid and basic principle without first providing some parameters or limitations or even some guidance how some guys might not end up fucking up their whole investment if they end up making a mistake of selling too many bitcoin too soon or if they also might devolve into leveraging their trading practices rather than staying focused on accumulating through buying rather than getting distracted into believing that they can accumulate more and better by including selling into their ways to try to get more BTC... your inclinations to trade or sell surely seem problematic to me.

Quote from: avp2306 on Today at 09:23:03 AM

Quote from: I_Anime on Today at 08:46:03 AM

Quote from: JoyMarsha on July 08, 2024, 10:10:54 PM

Quote from: Miles2006 on July 07, 2024, 08:19:39 PM

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

That's a wrong mindset mate, the only one can take a break or decided to stop accumulating as an long-term bitcoin Investor is only when he or she has already gotten themselves a nice bitcoin stashes. As an bitcoin Investor taken the bullrun as a target of selling your bitcoin stashes when you haven't gotten some good stash of bitcoin or haven't hitting yah accumulation goal ( when you have gotten enough Bitcoin stash ) is wrong same as accumulating during the Bear market alone. Alot of folks as been into bitcoin for long and they have experience alot of bearish and bullish market but still they kept holding, despite not having any guarantees they kept on holding because they believe in bitcoin. And they know why it can do .

The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.

Quote from: Reredmi896 on Today at 10:55:38 AM

Quote from: Rakib15 on Today at 10:09:08 AM

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.

First, you should be thinking 4-10 years or longer and not "next few years," and also (second) if you are so fucking worried about how much you invested into bitcoin and that you might lose it, then maybe you need to invest less so that you are not worried.

Getting all worked up about price drops (whether in your early years or not) may well be a sign that you have overinvested which means either you need to invest less or you need to sell some of the amount that you already invested so that you are not as worried about if it goes down or not.... including that in the first 4 years or more if you are mostly buying, then you could buy small amounts and hold out some amounts for dips, or you can just blindly set some kind of a budget so that you might be regularly buying (I personally like weekly buys for the first cycle or so), and then reassess where you are at after a first whole cycle or maybe a cycle and a half.. and at the same time, surely you can set up systems to monitor along the way, but maybe in the first whole cycle or cycle and a half you may already know that you are mostly going to be focusing on accumulating BTC and not worked up about if the BTC price might be up down or sideways... which includes not giving too many shits about your average costs and/or if you are in profits or not... yeah sure, all of us would like to be in profits, but I doubt that it is very helpful to be too worried about your level of profits for the first whole cycle or first whole cycle and a half.. and yeah hopefully it all works itself out so that you are in profits down the road, but none of it is guaranteed, so you just need to put good practices into place so that you can accumulate bitcoin regularly, consistently and persistently, and there may be folks who outperform you, but you should also not get too worked up about that as long as you got your own systems in place that are tailored to your own finances and psychology and your various personal factors that fit in those categories (9 of them, perhaps?).

Quote from: EclipseXcrypto on Today at 02:20:23 PM

Quote from: Btcdeybodi on Today at 01:22:44 AM

Quote from: As-Soon-As on July 08, 2024, 11:49:49 PM

✨ Billionaire Pantera CEO Dan Morehead ignoring the FUD and buying #Bitcoin   , exactly 11 years ago. here
He bought 30,000 BTC for $65, and is up 80,000% – all because he bought the dip 👏

Dan Morehead bought Bitcoin 11 years ago, it's really mysterious and currently reaps huge benefits. Here you will know how profitable deep buying is and the importance of long term holding. So this opportunity is there to invest and hold for long term.

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying? We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k which means expecting more DIP may not be achievable but instead Buying at the current price now can still be considered a DIP price in the next 10 years when the price must have climbed to a very high price

Buying bitcoin during DIP doesn't necessarily mean that you purchase a whole Bitcoin. If you want to buy during DIPs and the funds is not enough to purchase a whole Bitcoin you can buy with funds avaliable. Let's take for instance I have $1,000 available to buy during DIPs and the price of Bitcoin is $30,000, with calculation of $1,000 to $30,000 will give 0.0333 worth of bitcoin, and when price bitcoin starts going up to let's say $40,000 your purchase increases by 0.0333 × $40,000 will be $1,332. If an investor planned for a dip and it occurs there is no need to wait for price to continue declining to a desired level which might not happen, take advantage of that moment with funds available, with a long term perspective the benefits will yield.

I appreciate your attempt to provide an example EclipseXcrypto, but you should be attempting to provide examples that are a bit more realistic, and maybe starting from our current price rather than prices that may never happen again... and also those prices that you listed are between 30% and 50% below current prices, so it becomes a bit more difficult to relate to what you are talking about or what you are trying to say in currently realistic and applicable terms.

Sure, even if you choose current prices, you still might end up coming up with scenarios that are not very realistic, but at least you would be starting from a current prices base rather than staring out with seemingly fantasy bitcoin prices that currently are not in play.

Maybe you are either caught in the past, or maybe you are subliminally trying to suggest that we are going back to those BTC prices.. which again, does not come off as reasonable or fair starting points to provide such examples, une\less maybe you are talking about history rather than current, but it seems to me that you are suggesting what someone currently might try to do to prepare his own BTC accumulation or his own BTC portfolio management.