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Yes, basically, in investment there is no coercion whatsoever, so every decision taken must be based on one's own decision, so that later when there are obstacles in the investment, one will not blame anyone. Likewise with bitcoin investment, here we never force anyone to invest, because here we only provide advice for people who need the advice. Moreover, about buying while waiting for the bitcoin price to drop first, I think it's not a big problem, especially for people who are more comfortable doing that. But for me personally doing that is not a comfort zone for me. Because in my opinion investing in bitcoin is not just about price, but here we are talking about time too. So the point is if you don't buy bitcoin as soon as possible, when you already have cold funds, for me personally something like that is very unfortunate. And my assumption is that certainly not everyone will agree, but that doesn't matter, because everyone must have their own way of investing in bitcoin.
The main point seems to be that there are advantages to invest into bitcoin as soon as you are able to, and not everyone is going to figure out that they are advantaged in both looking into bitcoin and then taking actions to actually invest.. and so they will get (either not getting bitcoin at all and being disadvantaged) or getting bitcoin at some later point, which is getting bitcoin at the price that they deserve. which is overall likely to be higher the longer the wait, and surely many folks are still going to fail and/or refuse to look into bitcoin and fail/refuse to take actions to buy bitcoin, and to end up taking years and years and years before they end up looking into bitcoin and then taking action to actually buy bitcoin, which will end up working to their disadvantage - even though they don't know it at this time, to the extent that they even know about bitcoin.
It makes no sense for any newbie to be holding excessive funds in dollars rather than investing into bitcoin, so why the fuck would they be holding 1-2 years worth of cash? It is already a struggle to get back up funds between 3-6 months, an there is no reason to build up back up funds prior to investing into bitcoin.
You are right JJG, because holding funds in dollars won't yield any good thing from it but I have come to realize that the reason why some people ( newbie and...) hold excess dollars is for the purpose of trading it with other fiat I have a friend who does that though some newbie tends to hold or store excess dollars before they start investing which is not the right thing to do because a lot of chance will be missed in the market, so it is always good while holding your dollars you are at same time investing in Bitcoin and that is even the best because you may not know when you will grow your portfolio so big.
There may have had been times that it would have had made sense to hold and/or trade various currencies, yet they are all losing value, including the dollar, which seems to be losing value the least, yet surely there are still a lot of guys who trade and speculate on the changing values of currencies, so they could end up making money based on their high volumes.. but then if they are continuing to hold money in various currencies, then hopefully they are making more money than the rate at which the various currencies are being debased (or going down in value).
One of the great things about bitcoin is that over the longer period, it is much more likely to go up in value as compared with any fiat currencies, since it is not capable of being debased, and more and more people are learning about bitcoin's non-debasement structure. Another thing is that bitcoin is being adopted, so it still remains at a quite low level of adoption, and so with the passage of time, more and more adoption is occurring, which is also driving bitcoin's relative price up higher and higher, especially in the long run.. and sure in the short-run it can be a bit more difficult to figure out the extent to which bitcoin is going to continue to go up in the longer run, and so we might sometimes get fooled by short-term price moves (and corrections) that might last for several years at a time prior to new all time highs being reached again.
Buy the DIP, and HODL
The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%.
👀
Does that actually mean that the decoupling is happening?
Bitcoin has never been coupled... so you are delusional if you believe that it has been coupled... even though sure, for short periods of time, bitcoin seems to be correlated with various traditional asset classes, but those who consider that bitcoin is actually coupled with various traditional assets are failing/refusing to either zoom out or to appreciate bitcoin's actual non-correlated status, even if it can seem to have extended periods of appearing to be coupled (when it is not).
That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.
Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.
It makes no sense for any newbie to be holding excessive funds in dollars rather than investing into bitcoin, so why the fuck would they be holding 1-2 years worth of cash? It is already a struggle to get back up funds between 3-6 months, an there is no reason to build up back up funds prior to investing into bitcoin.
You are right JJG, because holding funds in dollars won't yield any good thing from it but I have come to realize that the reason why some people ( newbie and...) hold excess dollars is for the purpose of trading it with other fiat I have a friend who does that though some newbie tends to hold or store excess dollars before they start investing which is not the right thing to do because a lot of chance will be missed in the market, so it is always good while holding your dollars you are at same time investing in Bitcoin and that is even the best because you may not know when you will grow your portfolio so big.
Yes, your words are very realistic and reasonable Many people like to hold dollars, especially those who make international transactions Through international transactions, they want to exploit the difference between the dollars in the dollar. But I think this dollar investment is from your profit Do not work. If you notice, many people will see dollars or other fiat currencies, and the next time it is in inflation, the price is lost.
But in the case of Bitcoin, I see that after a long time, there is a possibility of getting a high return. So we should invest resources like Bitcoin which will be able to provide us with a lot of good money later.
I think that your post is merely emphasizing that some currencies hold their value more than others, and likely all fiat currencies are debasing relative to bitcoin... so it is better to hold value in the currency that is not debasing. Another advantage that bitcoin has is that it is in relatively early phases of adoption, which adds more reason for bitcoin's price to appreciate relative to currencies that are ongoingly being debased.
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If the newbie choose to buy aggressively and doing it within his discretionary income, that's not a problem because he wouldn't be a problem to him. It's when he over aggressively invest out of his discretionary income that he will be affected because he's only gambling and not investing.
It is correct that each of us should be attempting to measure our level of aggressiveness out of how much of our discretionary income we are spending on bitcoin rather than trying to proclaim someone is aggressive or whimpy based on how much he earns or how regular his income is. Yeah, they are related, but it is more accurate to characterize aggressiveness versus whimpiness based on how much of the discretionary income is being spent on bitcoin.
So there is nothing wrong with anyone, whether newbie or not, choosing to be as aggressive as he is able to be without over doing it, and so there is a difference between being aggressive and being overly aggressive. An overaggressive person would spend beyond his discretionary income and perhaps even tap into his emergency funds in order to buy bitcoin on dips... so yeah, that would be overaggressive and may well lead to various kinds of losses and likely adding more risk than necessary in the scope of seeming to be more like gambling rather than investing, as you mentioned.
We also should realize the extent to which we are able to be aggressive or whimpy may also relate to how strong our cashflow management practices are, including the strength of our various back up funds.. so a person who might not have strong cashflow management practices in place might be being overly aggressive if he allocates anything more than 50% of his discretionary income to buying bitcoin, yet a person who already has strength in has cashflow management and in his back up funds would not be behaving overly aggressive, even if he were to choose to allocate 100% of his discretionary income towards buying bitcoin.
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If a newbie is financially buoyant, that's good for him because he would be able to build his bitcoin in a faster pace compared to when his discretionary income is low. However, it will be wise for such person not to use all his funds that he assigned in buying bitcoin to lump sum at once because he wants to see a good amount of bitcoin in his portfolio. If he lump sum without continuing his DCA, he wouldn't have the opportunity to benefit from the market price swings.
It's better that the newbie with strong financial strength should use the funds to buying aggressively with DCA and spread them out over several weeks as long as he continues buying nonstop every week consistent and persistent overtime.
I would not characteristically proclaim how any guy should choose to invest any lump sum amounts of money that might come available to him. There do tend to be advantages towards investing all right away, yet there could also be benefits to defer by either time (DCAing) or price (buying on dips - that might not happen). There is not any automatic benefit toward deferring since the benefit only ends up taking place if the BTC price goes down rather than up, so we cannot know in advance if the BTC price is going to go up or down, so in that sense, whenever any regularly buying bitcoin has lump sum amounts come available, then he should at least consider the three categories and to appreciate that there are potential trade offs in the employment of each category, whether: 1) buying BTC right away, 2) DCAing BTC or 3) buying on BTC price dips.
Perhaps a default position would be to just divide the lump sum into three parts and to dedicate 1/3 of the lump sum amount to each category, yet surely each of us should be able to figure out the extent to which we might choose to employ each of the categories of buying or not in light of our own personal factors and also in light of what we perceive to be happening at the moment that we are faced with our decision regarding how to deploy our lump sum amount.
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This is a very valid point, it is very important for a newbie to learn the act of buying consistently and not the habit of holding back money and waiting for the dip before buying, it shows no consistency
and the market needs consistent growth, holding back will only reduce the confidence of an investor and as a newbie you need to be confident. In as much as you are buying consistently and aggressively, always make sure that there’s a reserve or emergency funds available.
I am not sure why any of us should give any shits about what the market needs.
It seems to me that each of us should be striving to employ practices that are completely in our own interests and so if we are a newbie to bitcoin investing, we should be striving to build up consistency within our own practices of buying bitcoin and also to reinforce our ideas while we continue to study bitcoin, study our own finances and hopefully we are able to keep buying bitcoin on a weekly basis.. and to keep doing that bitcoin buying for a whole cycle, while we are also strengthening our cashflow management systems at the same time. As newbies, we will tend to have to invest into bitcoin for at least a whole cycle or more since it takes a long time to build a bitcoin investment, unless we might be able to front load our investment into bitcoin based on assets/capital that we might have when we first arrive into investing int bitcoin.
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I don't understand what you meant by (The last opportunity to buying a dip) what you don't understand is that the market would
always give investors different opportunities to buy bitcoin cheaper, there are many dips in a full circle as far as Bitcoin investment is concerned so if an investor missed a dip, they can continue doing the DCA then buy another dip if it continues again.
I agree that there are always going to be dips, yet there is never any guarantee that future dips will be lower than current prices, which justifies buying now rather than waiting for any dips, whether they might happen or not.