Quote from: xbartoni on Today at 09:57:20 AM

Quote from: sotelorene on November 16, 2024, 08:34:10 PM

Quote from: Cryptoprincess101 on November 16, 2024, 06:06:40 PM

Quote from: Greyhats on November 15, 2024, 07:10:28 PM

was thinking we should create a new thread called, "buy the RIP, and HODL!"

You really made me laugh so hard.
Actually, you are trying to put it in respect to a procrastinator who is always feeling that the price didn't DIP enough to buy and since the price has gotten this high, such people will still feel that now is not a DIP price to buy till maybe they see the price get to $1million that's when they will probably reflect back and see how foolish they have become for not buying the DIP when they got the opportunity to, but they kept feeling that the price was way too high for them to buy.
Bitcoin is still in it's developing stages, so i see no reason why someone will feel that bitcoin is too expensive for them to buy and HODL. The reason why some persons feel that bitcoin is too high could be basically because they have short term target and feels that if the price falls that they will incur losses when they sell out of panic that is why a long term bitcoin investor don't care about the price point they bought because he surely knows that the price of bitcoin will increase in the long run more than the price he bought with.

Anyone who is willing to invest for a long term shouldn't be worried or be bothered because whether they invest at the Dip or not they are going to see something in return ( years time), you know sometimes I don't even consider this buy Dip as a strategy because sometimes you can wait for years without getting a good entering point because of the volatility of the market and i believed there are people who were waiting Bitcoin to dip before it pump like this and if they continue to wait they will definitely regret later. If you ask me, I will say Bitcoin is expensive but one don't have to buy a whole (1) of it rather it should be accumulated little by little and one thing I'm sure of is that, anyone who is willing to invest in Bitcoin won't be discourage because of the current value or price.

New investors may be more apprehensive about investing for the long term as they feel depressed by market volatility. You'll find many new investors expressing disillusionment with Bitcoin based on past events. The fact that Bitcoin is currently adding new value and is capable of creating even better prospects in the future should add to the note book of new investors. Bitcoin investments should last at least 10-12 years so that short-term market volatility does not hinder investment retention. Don't panic but hopefully a good prospect awaits in the future so it's not too late to commit yourself to investing now.

I think it is wise as an investor to plan long-term investments for beginners. New investors must constantly invest little by little as well as build their portfolio.

one way to help yourself as a newbie is to just get started first. it's a huddle you have to ensure you overcome and then take it a step at a time to continue building your bitcoin stack week after week, month after month, year after year, a circle and then two circles. by the time you have stayed invested in bitcoin for multiple of circles, your mental strenght would have beeen well positioned and matured for a super long term plan you probably have.

you have to also note that it's not just about planning for long term investment as though it's the longer you've stayed invested that guarantees your profitability in your bitcoin investment. if you have the means of achieving a set out quantity of bitcoin stack for eight years or even less than that would do you better than you just waiting for so long before building a reasonable quantity of bitcoin.

the whole essence of long-term investment up 10 years upwards is that it allows you to DCA comfortably and not to get discouraged that you couldn't buy a quantity of bitcoin you planned building at a time. the accumulation stage is individual dependent and that's why the likes of El Salvador can afford to buy a whole bitcoin everyday while the majority of individual investors that can't afford to do it that way might take up to 10 years to afford what El Salvador will buy just a single day. the goal should be to set out your accumulation plans based on your capacity and along the line, you can stay disciplined and ensure you increase your DCA allocation so you can quickly reach your accumulation goal.