Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
TravelMug
on 17/01/2025, 23:04:08 UTC
⭐ Merited by JayJuanGee (1)
Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

Nothing wrong with having people try to describe their goals, and surely this actual thread has an implied investment angle and discussion area, and we are not really talking about trading in this thread, even though the topic of trading comes up on a fairly regular basis, including maybe suggesting that if members are wanting to talk about trading or even shitcoins, then they need to go to some other thread since this is not a trading thread, and I frequently iterate my own sense that anyone getting in bitcoin for less than 4 years is likely trading, and I have also accused people with greater than 4 year timelines of trading too, especially if they are merely thinking about getting in and out of bitcoin rather than considering bitcoin to becoming more of a lifetime venture for them, which I have personally considered that newbies coming to bitcoin may well be able to start to consider 4-10 years or longer as being more of a potential starting investing mindset as compared to someone who might come straight to bitcoin and who is thinking in shorter than 4-year timelines... but yeah, a newbie to bitcoin might not even be sure about what he thinks until going through some of his own various personal circumstances that would include him considering why he is coming to (or considering) bitcoin in the first place.

Right, in short just look for the bigger picture, newbies though might not understand what I'm saying, but base on my experience being in the market for at least seven years and learn a lot along the way, it's really better to be a long term holder, accumulate as much as you can, plan and set your goals and used DCA. And for me that is enough for someone to really motivate themselves into investing on Bitcoin and not do trading. We really just wanted to keep it simple here, no need to complicate it in your end. You might perceived that it is difficult, but if you survived the first couple of months doing DCA, then the rest will be smooth for you. And there are still a lot of time in our hands to invest right now!!!