"Buy the DIP and HODL, Buy low sell high"... Okay what's the high and the low, when do they ever happen, please somebody should tell me now
this is another instance where a newbie bumps on a topic and reads a wrong meaning to the context of the title of the topic because it somehow appears to send a different message from the context it's actually serving. Although we've talk about the fact that when an average newbie visits this thread, the first impression they get is that the thread is about buying Bitcoin only when it's at the DIP and then holding it till it's high and then sell it out. It's the same thing @solodoski might have misunderstood from having a glance at the topic without going through it content.
The thread title is provocative in that regard, so surely there is some need to go beyond the superficial - and some forum members do not even try.. they don't even read the OP or alternatively some of the recent discussion.
We cannot really expect any member to read 483 pages of this thread, but at least read a few of the posts might help to post something that is in the ballpark of on topic and relevant to the actual thread topic.... or at least relevant to some other post that might have brought up some other topic... but yeah, whatever, Solodoski seemed to have been shooting in the dark with his nonsense post.
For some time now I have been silently engaged in reading through this thread and without actually posting my thoughts, I have just scrolled through a few of the pages here in a bid to grasp as much of the content as I could. Honestly, I still haven’t a clue as to what I’d even add to the discussion yet since I’m also struggling just to understand what is being talked about. It is already inside my lifin my mind that, before I begin to share my opinion or give my inputs, I want to be well informed on these things and the discussions that surround them.
Sure, you have the right idea regarding doing some reading prior to just jumping in, yet I doubt that there is any need to obtain any high level of knowledge prior to beginning to post and/or to contribute to forum discussions... Just the mere fact that you already posted a few times on the forum, including the above response post, shows that you are able to respond to ideas and to formulate sentences that are understandable.
Yeah, maybe it would be better to choose a shorter thread rather than a longer thread in order to read all of the posts of the thread first, yet there aren't any forum rules that provide any kind of exact guidelines regarding how much due diligence you need to do in order to post, and surely there are forum members who maybe need to read more before they post, but there might be other members (perhaps including you) who might need to post more since sometimes you will be able to interact with thread topics and with other forum members better if you are posting from time to time, whether it is daily or weekly or some other kind of interval that is comfortable for you, in the event that you want to learn and/or to share some of your knowledge and experiences, too.
There shouldn't be any issue for you to respond and/or contribute in this thread or any other forum thread if you either have some response to a post or some ideas about the OP that may or may not have had already been discussed in the thread. Of course, in a long thread like this, it remains quite possible that we have touched on a lot of the topics related to the OP, but surely there are going to continue to be ways to post about the same topic over and over and over, and even with the passage or time to have variation of similar topics that are brought up by different members and in different ways or in their own ways, which seems to be part of the explanation for ongoing daily posts that have been taking place in this thread (and yeah, in recent times, this thread has become one of the most active threads on the forum).
Even talking about some of your own experiences or asking some questions may well end up being quite welcome in a thread like this one.. or maybe another thread if you might consider this particular thread to be too long for your own comfort level..
Participation in this here thread is open to any (or all) forum members.. so yeah, you are welcome, and use your discretion regarding if and/or how you want to further post (and how frequently too).. whether in this thread or in any other forum thread.
When I started on the forum, I had intended to average post around 1-2 times per day..... so I did not really want to post too much, but I also did want to try to post on a fairly regular basis in order to help me with my own participation in the bitcoin topic but also in my own interest in bitcoin as a topic (including my desires to learn more through my own participation attempts), so I don't see any problem with any newbie member (whether you or any other newbie forum member) figuring out ways to post fairly regularly in this forum and in whichever thread happens to be of interest to him/her (or you). So yes.. I glanced at your previous posts, and sure post away, and welcome to the forum.
Wallets are generally of two types, software wallets and hardware wallets. Especially those who use software wallets and the most powerful among software wallets is Treasure Wallet, Electrum Wallet, these wallets are very safe and affordable.
So far, I had never heard about Treasure wallet as a software wallet, so I am not sure how secure it is. Maybe you need to provide a link?
I have heard of Trezor as a hardware wallet, and they have several models of hardware wallets - look at trezor.io.
I know that Electrum is very popular open source software wallet for a long time, yet I have not personally used it... but there are quite a few forum members who use it and recommend it.. yet you have to also make sure that you are downloading a proper version of it rather than a fake.. so there can be problems with losing funds if you download software that has not been properly sourced and/or checked to make sure it isn't fake... or leading you to fake software that ends up stealing your coins.. maybe even at a date that is further down the road, after you had already been using it for a while and then after you might transfer a higher amount of value onto it.
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Yes we are not developers who have to know those complicated technicals, investors like us just need to learn the basics of a simple but relevant investment strategy for ourselves and it should be customized whether we are with DCA or buy dips on every dip it is important we have a plan for it.
Actually, bitcoin investment is easy with even small money we can do it, and indeed never delay investing while the price of bitcoin is still low, this is the best solution where we can start now, do not let when the price of bitcoin is high then say sorry.
There is no reason to delay buying Bitcoin if you already have the intention and are equipped with the funds to invest. According to the main concept in investing which is generally used by other investors,
you must always prepare yourself when Bitcoin is trading at low prices.
That is not true.
If you are new to bitcoin (and bitcoin investing), then how the fuck are you going to know if bitcoin is trading low or not? Even people who have been in bitcoin a long time have hardly any clue about whether bitcoin is trading low or not, so how is a newbie bitcoin investor going to figure out if bitcoin is trading low or not?
That is bad advice to suggest that a newbie needs to seek low BTC prices before acting or in order to prepare or whatever you are erroneously advising.
The biggest regret is when you delay buying Bitcoin and then the price soars even higher, making a late decision is a mistake in investing, especially if you are mentally and financially ready to invest.
Ok.. this part might have some truth to it, yet if you are a newbie.. what the fuck are you going to do? Yeah, sure get started as soon as possible, but as a newbie, you still might need to just figure out some kind of a reasonable starting BTC accumulation strategy and not get too worked up about what the BTC price is doing... .. sure there could be some regrets if someone delays investing, and the price goes up.. and so maybe that can largely only inform to get started, but it does not really inform about how to get started or how to figure out how much discretionary income that any newbie might have while getting started investing into bitcoin, so the newbie still has to figure out discretionary income matters and how to balance his/her level of aggressiveness in terms of how s/he is getting started in accumulating bitcoin.
You have to be more active in monitoring market movements so you don't miss the boat, the price continues to fluctuate, making you have to make a decision immediately when Bitcoin starts trading at the price you want.
I doubt that this focus on price is very helpful or good for newbies. Sure, a newbie can pay attention to price, but maybe the newbie is just buying BTC at any price for the first 4 years or more before there might be any need to really get worked up about whatever happens to be BTC prices.
So for example, if a newbie bitcoin investor calculates that he has around $200 per week of discretionary income, and he decides to buy $100 of bitcoin per week, it could well be that the BTC price does not really matter so much for the first 4 years or longer, but sure, as he is investing into bitcoin, he might continue to study bitcoin, and if he happens to have some other money that he can invest in the beginning, then sure maybe he can think about whether to lump sum invest with the other money and/or to DCA and/or to buy on the dip with the other money. So there could be circumstances in which a newbie might consider whether to calculate whether there might be a dip or not, but it still seems potentially problematic to assume that any newbie should be starting out his bitcoin investment by getting worked up about whether there might be a dip or not.
Buying at every dip requires waiting for the right moment, you also have to prepare funds to be invested in a slightly larger amount. Meanwhile, if you use the DCA strategy you can buy Bitcoin at any time with a certain amount consistently. Both of these strategies have their own advantages and disadvantages. If you are used to the strategy of waiting for Bitcoin to trade at a low price, you will have to collect funds that are larger than the amount you bought with the DCA strategy.
You are really off topic now.
We are not talking about trading in this thread.. so you seem to not even know what the thread is about, even though there have been many members posting in this thread and reminding other members that this thread is not about trading... .. so you need to find another thread if you want to be fucking around with trading or talking about it as if it were either relevant to this thread or something that any newbie should be doing in order to accumulate BTC... which this thread is also about accumulating BTC... and it seems quite problematic to sell BTC in order to accumulate BTC, which seems to be what you are suggeting, reagansimms.