Re: Buy the DIP, and HODL!

@MuffinMaster if you were to buy $1,000 worth of BTC for every $5,000 in BTC price loss, do you think you would have made a mistake when it goes down all the way to $50,000 or not? You could do the same for every $5,000 it goes up again and use that as a fixed rule. You can see what the effect is when you look at MicroStrategy. Waiting would have cost them money for several reasons: BTC is fixed in supply, waiting can be costly because you may miss out on price gains and you give others time to pursue their strategy to build whatever amount they are aiming for. MicroStrategy understood that very well and waiting was no an option for them as they have a huge strategy in place.

Now the normal guys can't be compared to a company like MSTR obviously, but MSTR is competing with big companies themselves. I think MSTR considers every price a dip for the time being, if you know what I mean, and they are not done yet.

Yep.. lots of people, institutions and governments will be trying to copy some version of what MSTR is doing, and those people, institutions and governments who employ a waiting rather than acting strategy are likely going to end up in a worse off position as compared with those who had been acting.

IMO some of this institutions and governments hadn't realised the potential of bitcoin or were very sceptical about what bitcoin would become even in the last 15yrs, some may have had it figured out when to buy but the mere fact that bigger players has not been into bitcoin investment they pretend not to see the benefits of entering into bitcoin investment. And of course this will or may cost them alot in a long while as MSTR has a better vision of bitcoin. However delay (procrastination) is always an enemy to success and it doesn't just apply to individuals including institutions and governments.

On the contrary, they do and even know it better than us because they don't play with money and power so they have more resources to research and gather information more than you can imagine. Don't be surprise that the reason some of them are against Bitcoin may just be because Bitcoin will weaken their power and control. Their media propagandas is not because they don't know the power Bitcoin holds but they don't want more people becoming aware of that else the number of people embracing Bitcoin will increase and so will their control of the fiat system. So the authorities will not easily give up their power and control of money and who have access to it.

However, they seems to have become aware that they really cannot stop Bitcoin so instead of fighting what they cannot stop, they chose to know who has what, the reason they are against anything privacy.

Politics is a game of interest and politicians have interest to control and tax your money as they wish. Bitcoin removes such control from them, although most of us still pay tax to even governments which are not fully in support of Bitcoin like my country. Being your own bank and managing your funds by yourself against the traditional banking system pattern is a good value added to Bitcoin.

You can agree with me that the government cares very little about our financial future and we must take charge of it ourselves by continuously investing into Bitcoin which gives us more financial security even for a longer time more than any governmental institution can and it's more reason we need to prioritize it and continue to accumulate more stashes of freedom(Bitcoin) for a longer period of time to further boost our financial future.