Re: Buy the DIP, and HODL!

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You have to remember that even a guy who puts 10% of his salary into bitcoin, it will take him 10 years to reach 1 year of his salary invested into bitcoin. I consider 10% reasonable if your discretionary income can tolerate it.

There are folks who are investing into bitcoin at much more whimpily than 10% per year.. so it is going to take them a while to reach over-accumulation status, perhaps even more than 20 years.

With the right opportunity, a person can position himself/herself into a large Bitcoin investment that will neither affect him/her psychologically too much in case the position goes against him/her, because he/she knows the probability of going lower is very low. But that comes merely with luck, and timing.

Those opportunities come during bear markets, and if they do come during your lifetime, be absolutely sure to use a LARGE of your savings, then purchase as much as you can afford during the succeeding months.

But during the current phase of the cycle, just DCA with a small amount. The size of the investment won't bother you completely and make you emotional/panic sell.

Hopefully you (and other newbies) are not overly employing waiting strategies

"I" like some of the other plebs during 2019 have used most of our savings buying the DIPs when I started this topic. That was an actual opportunity.

The reason why I tell newbies to be careful when they're thinking about deploying most of their capital in this kind of market is the possibility that they might not be mentally ready to go through the volatility. There's also the possibility that the macro-economic conditions could worsen because of Trump's tariff and other sort of isolationist policies.

The cycle bottom was late 2022/early 2023. That's two years ago. We can't treat the current market like it's still late 2022/early 2023. But you do you.

I agree with you, newbies should be careful with their investments, the worse scenario that can happen is when a newbie after making his investment he sells short when the price moves against his direction. The known remedy for issues like this is making investment off their leftover funds after the major expenses for their needs has been taken care of. Sometimes newbies start their bitcoin investment with a high level of conviction that bitcoin will fetch them some profits probably because they only got to hear about the positive part of bitcoin. And without much knowledge they make their investment and the next thing they see is price reversal going against their holdings, that movement alone could terminate their confidence and then the idea of selling to not loss further begins to play in their heads. Well it's safe and advisable to start bitcoin investment with as little as having just the basic knowledge because of buying opportunities due to volatility but after making your investment it's also important that we seek to know more about bitcoin to build a level of confidence, trust and to understand the level of risk management you can employ.

Bitcoin still has potential of going up further in term of price value because when it comes to global adoption it's still a bit retarded compared to some currencies. However if more persons start buying and holding bitcoin for long term, the price of bitcoin is likely to increase in the long run but, there are definitely going to be some temporary bearish seasons or bearish moves due to manipulation but as investors with knowledge, the dips tends to be a season with good buying opportunities at a cheaper rate, rather than seeingit as a threat to our funds. However anyone who buys now are likely to experience some level of profit if they decide to hold for long term and ignores selling their coins prematurely due to temporary bearish moves or due to other minor conditions.