Re: Buy the DIP, and HODL!

Bitcoin matters because it solved a key problem in computer science that led to the invention of digital scarcity. The Bitcoin Network has been operating in it's unconditional since its inception, and the awareness as the world most stronger coin, proving that a decentralized monetary network can enable secure, transparent financial transactions without intermediaries.(banks, government) Over time, bitcoin has grown to experiment to a globally recognized

Yes, bitcoin was created to eliminate intermediaries in our transactions, but I think the step you are taking to show us that you know what bitcoin is all about and teaching us about bitcoin is wrong, and I think it will not help you know what is really going on in this thread. Even though you have gained bitcoin knowledge elsewhere before registering on this forum, you should be more concerned with learning than teaching so that it will help you to understand bitcoin better. In this thread we are not mainly concerned about what bitcoin is all about, but we are focused on investing in bitcoin and holding it for the long term, so I will advise you to focus more on reading posts from this thread so that you will know the proper way to invest in bitcoin and hold it for the long term.

How do you invest on what you don't know, most people in this thread don't know what is bitcoin so if they are not taught or educated they will find still find it difficult to invest because they don't have any idea of bitcoin and holding it for long term, their is a good reason an individual should know or have idea of what you want to do

I doubt if there is anyone in this thread that doesn't know what Bitcoin is , there is a difference between knowing Bitcoin and understanding what Bitcoin is and how it works, if you have heard someone talking about Bitcoin, saying that Bitcoin is a coin and one can invest in it, it means you have already know Bitcoin because you have heard about it but understanding how it works and how to accumulate it is another thing also. These people who have heard about it, should then ask questions how it works so that can know how to go about it because it is wrong to venture into it only by hearing someone talking about it without looking out for the basic knowledge behind it and alot of people do make mistake because they feel they have known and understand everything by just hearing about Bitcoin.

I humbly agreed with you because there is this saying that said my people perish because of lack of knowledge, and they say knowledge is power it is not by mistake, so if you have been hearing about Bitcoin for long time now, there is a room for you to know basic knowledge on how Bitcoin works and you can't say that since i have heard and know what Bitcoin is, and you you to invest on Bitcoin and you don't know how it works you will surely lose your money, you can't practice what don't know about, but once you see some one who can guide on how to invest on Bitcoin and hodl on a long term should be the best option, we learn everyday because what could be difficult for me will not be difficult for you and what is difficult for you will not be difficult for me to explain to your understanding, sometime there is always a room to ask questions on what you don't about. so buying your Bitcoin dips and hodl in long term is the best option them having the mindsets of selling selling as a newbie.

Buying the dip is good because it allows you to buy bitcoin at a discounted price, but as a no-coiner or low-coiner, buying the dip at the beginning of your investment is not suitable for you to adopt because you will be waiting for a dip to occur before you can accumulate bitcoin even when your discretionary income is readily available for you to accumulate bitcoin, and it will delay you from starting your accumulation journey and make you less consistent in accumulating bitcoin and building up your bitcoin portfolio. As a no-coiner or low-coiner, the DCA strategy is the perfect strategy you should focus on when starting your bitcoin investment because it will give you the advantage of starting your bitcoin investment and accumulating bitcoin whenever your discretionary income is readily available at any price without waiting for any entry point or price. And since you will be buying bitcoin at different prices with the DCA strategy, it helps in controlling your emotions, and you won't be bothered buying bitcoin at a peak. When you have accumulated a certain amount of bitcoin, if you can figure out if you buy the dip, it won't affect you; you can add the buying the dip strategy to your accumulation journey so that it will help you take advantage of the market and buy more bitcoin with less money, which will help to build up your bitcoin portfolio faster at some point.