Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
qurbanshah02
on 07/01/2025, 22:36:04 UTC

I understand some people are really poor, including regular participants in this forum/thread, yet I think that we should be trying to construct our examples a bit more realistically - more widely applicable and perhaps even more aspirational for poor people to try to figure out ways to get up to levels of investing into bitcoin at $10 per week or something like that, even though they realistically have to modify their DCA amounts down in order to make sure that they are not spending beyond their discretionary income and that they are also building and maintaining both emergency funds and other ways of making sure that they have reserve funds (backup funds) within their own disciplined (and hopefully focused) practices.

Let's say some one is really poor and struggling to get to be able to invest $10 per week into bitcoin (and/or to set aside part of that value into building their emergency fund.. so perhaps matching the size of the bitcoin investment and the emergency fund as they build those two up to each having 3 months worth of their expenses/income), so maybe over a whole year such person is struggling to invest into bitcoin, and maybe instead of having $520 invested into each, they ONLY are able to get up to $400 into each, but they continue to struggle to build and maintain both, and to be responsible in their cashflow management in order to try to increase their income and to control their expenses so that they have discretionary income available every week to try to buy at least $10 worth of bitcoin each week and to put $10 into their emergency fund each week...

This is every rich and poverty everywhere, we should not regret it, but we should reduce it and we should work hard for it.  Surely that work may be on the farm or on other works that will eliminate poverty.  I understand why you mention poverty.  But those who are going to understand, they will understand even in a small scale, and for those who do not understand, they will write the whole theory for them, they will not understand.  But you are right that it should be explained a little more clearly.Poor people see first of all how capable we are, they are afraid to invest in anything because they know we don't have enough to invest. But if they get a good leader to lead them to Bitcoin, I think about half of the poor will become rich as you said to reduce the amount on DCA.  But for that they must have 1 Bitcoin.

This can only be done by those who believe that Bitcoin will actually give us profits because the poor will think of eating their daily bread, making them even poorer.  But there are some poor people who understand it and have the talent for it, but they can't bring money to invest in Bitcoin, which makes this idea a mere thought. Maybe there is someone who is running it by putting their hard work and little money into it.  I think there are many people who are using this method.  This decision of theirs is absolutely correct and they are doing all this to stand up for themselves and to cover the poverty of their home.  The day it succeeds you will find work on Bitcoin big way.



I am not going to proclaim that there is absolutely no value to trading or discussing trading, yet the thrust of your point is correct that trading is not on topic here and also shitcoins are not on topic here, yet I still consider that it is possible that guys are not able to control their temptations to either trade or to shitcoin, and at least they should both limit their trading and/or shitcoining to no more than 10% of the value of their BTC holdings, and also to take those discussions to other threads, to the extent that they want to talk about them rather than denigrating them (or at least attempting to minimize their discussion of them) within a thread like this. 

Sometimes, we might not be able to avoid some tangential mentioning of shitcoining and/or trading, yet there continue to be so many things that we can talk about in relation to investing and cashflow management that help us to consider how to focus on getting to BTC accumulation levels that might help us in terms of transitioning to some other strategies, and so there likely is little to no need to even mention shitcoining and/or trading prior to making sure that we understand various basics in regards to bitcoin investing, first... and surely many of us realize that even if a guy might spend a whole bitcoin cycle focusing on accumulating bitcoin, he still might not even have gotten close to getting to a high enough level of BTC accumulation in which some kind of a transition to some other kind of practices might become relevant to his own situation.. ... yet at the same time, it might still be good for guys to consider what kinds of circumstances might allow them to start to mentally transition (and thus transition some of their practices) away from being almost exclusively focused on BTC accumulation.

I think that the name of Bitcoin has become such that wherever it is mentioned, there is also talk of trading it.  Therefore, we should not talk about it much and elaborately, but we should not call anyone wrong either.  If it has been discussed, it should not be carried forward so that the discussion is stopped.  You have said absolutely right and I have said above that even if something like this happens, don't start it further and talk about what this thread is talking about.  But when they hear and see the name of bitcoin, nothing can stop them from loving it or working on it, which is why they talk about it more.

Yes, it must be discussed so that we can know about them, what is their ability and if they grow well, what benefit will we get.  This will also increase our knowledge but some people want to understand everything from Bitcoin only because they think that Bitcoin is the only coin that will succeed.  Their thinking is also correct, but only until other coins can grow themselves.  But in the future, no one knows, maybe a coin will grow so much that it will also reduce Bitcoin.  This work is also a bit difficult so many intelligent boys become weak in understanding while working in it.