Re: Buy the DIP, and HODL!

Hopefully, none of us are claiming to know anything or trying to guess, especially short term BTC price movements, so if we generally have some ideas that bitcoin prices are likely to be higher 4-10 years or longer as compared to what they are today, and we also have a general expectation that the amount of the BTC price increases is likely to be at least better than the debasement of the dollar, then perhaps it would be better to have some allocation in bitcoin, including money that we don't mind tying up for 4-10 years or longer.

I doubt that we are really predicting, yet we can still try to figure out our position size in such a way that we realize that the most that we could lose is 100%, and so we just kind of hope it works out in our 4-10 year or longer investment timeline..and that we will be in better position for having had invested into bitcoin as compared to if we had not invested into bitcoin.

And this is right, because there is constant inflation in the world and even the dollar is depreciating. Of course, banks in our countries offer each of us deposits in dollars, but they have very small interest rates, especially since the condition for storing is giving your own money to the bank.
Therefore, it is much better to invest in Bitcoin, and for both experienced and beginners, the best approach is to periodically buy without trying to guess the bottom of the price in the current period.

This problem is now very common in developing countries where common people do not feel safe keeping money in banks. There are many banks in our country which are waiting to declare themselves bankrupt. There are also many customers who have deposited their entire life money in a single bank that now the bank is not giving them cash and when they ask the bank about this, the bank directly tells them that they have a cash crisis right now. My point is that I put my money in the bank for safety, if I can't withdraw that money from the bank when I need it, then why I put money in this bank.

Bitcoin investment is never in anyway against keeping certain amount of your money in the bank. Since you can't invest all your money in bitcoin, as you are definitely going to build up some fiat reserves, which is what what we spend in our individual countries. There are various reasons for keeping money in the bank, and the most common one is for safe keeping to avoid being attacked by armed robbers. If the banks explain to their customers that they are having cash crisis, that doesn't mean that the customers can't access their money. You can transfer your money to other banks or if you want to make payment that requires large amount of money, you can make inter bank transfers to your clients. What I see here is that the banks are trying reduce the amount of cash in circulation by adopting a cashless policies. Provided that your account is not blocked you can access your funds in many ways other than cash.

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Now maybe the customers of these banks are asking themselves this question but they are not getting the correct answer from the bank authority.
If these customers had invested in bitcoins instead of keeping money in the bank, their profits would have multiplied as well as they could have withdrawn the money whenever they wanted.

What if those money in question are the money they need to run their daily lives, or they are the money that they have set aside as emergency funds and reserve funds? Should they have also invested it in bitcoin, and be withdrawing from there anytime they like? Knowing too well that these money are not supposed to be invested in bitcoin. And you know that for someone to see a reasonable amount of profit in bitcoin, they have to hold it for at least a full circle. So if they invest it and be withdrawing daily from it, are you not turning them into day traders? And is it not the same fiat that they still need to spend in your country? Especially if bitcoin is not a legal tender in your country. Won't they still rely on the bank for fiat? That most of those people have fiat reserves in the bank doesn't mean that they don't have bitcoin investment in their portfolio. There are certain areas of problems that bitcoin do solves when it comes to the banking sector. That does not include the problem of issuing fiat to bank customers.