Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
boyptc
on 12/05/2025, 11:09:43 UTC
⭐ Merited by JayJuanGee (1)
That's a good point and many still don't think and realize that. Despite the overall performance of Bitcoin, they look down on how much potential they're looking at. I don't know where that narrative came from but they've been blinded by the explanation of the altcoiners that are still looking for the lottery ticket that they're waiting for. They will understand it the harder way that no matter what others say, Bitcoin is here to stay.

Shitcoiners can be very convincing when pumping their coins to newbies, since their explanations of the limited upside of bitcoin, as compared to their coin makes sense, especially for people who do not understand bitcoin or its addressable market very well.  Even if these  newbie no coiners do not end up investing into shitcoins, they also might end up getting scared away from bitcoin rather than merely considering some reasonable percentage to invest into bitcoin, even if it might only be 5% of their income.  

Of course, many of us longer term bitcoiners recommend 5% to 25% for beginners, and it is not that we are trying to pump our bags (which many may expect that we are telling them about bitcoin so that they can pump our bags), yet many of us recognize/appreciate that newbies these days likely need to put more value in (as compared to the newbies from 8-12 years ago.

So, it can take some time investing into bitcoin and researching into it before there are better understandings of what bitcoin is and to consider that its investment thesis is not getting weaker with the passage of time.

We can help to correct the thinking of newbie no coiners and/or newbie low coiners in the event that they are having troubles figuring out a value in staying focused on bitcoin rather than getting distracted into either trading or shitcoins, but there is also likely ONLY so much that we are able to do in terms of helping them to be able to help themselves.. which I tend to tell them to just start out slow and to study bitcoin as they go, and surely just getting started can be quite an obstacle.. which maybe sometimes we might choose to send them somewhere between $5 and $20 in value.. depending on if they might be a friend, relative or a stranger.  

Amazingly enough, there were several times between late 2014 (I think I started giving away in November) and 2015 (around 20 times) that I gave away bitcoin amounts of bitcoin between $5 and $20 to mostly friends and relatives, but there were a few times that I gave away to mostly strangers that I had met through some social and/or business situation in which the conversation turned to bitcoin.  The purpose of these particular giveaways tended to be in order to introduce them to bitcoin, yet I was using a service (it was called Circle) that the time that allowed the person to claim their bitcoin. All I needed to do was to include their e-mail address in the "send to" field.  If they opened up the e-mail, then the bitcoin was sent and it was not reversible.  If they never opened the e-mail, then there was a possibility to cancel the sending of the bitcoin, which I did end up cancelling the send (like a year later) on a few of the sends, since the recipients did not open up the e-mail.

The BTC prices for my give aways during that period tended to mostly be between $230 and $390 during many of those various give aways, so the amounts of the give aways varied between 0.01 BTC on the lower end and 0.06 BTC on the higher end, which surely seems like a lot right now, but I would give away, and then I would replace with bitcoin buys, so yeah, it seems to have had cost me a few hundred dollars for my various give aways during that time... yet the amounts are quite great right now in terms of dollars.. largely each of the give aways are valued between $1k and $6k right now.. so maybe if I added them all up they would have been somewhere in the ballpark of 0.9 bitcoin... maybe not a big deal since it was attempting to build good will in regards to bitcoin, but still.. it was money that I could have kept, too... yet at the same time, I feel better as a person for having had given away that bitcoin, even if ONLY small percentages of the give aways actually resulted in the person getting involved in bitcoin, while at the same time, I did lose track of several of the recipients, too.  These days for small amounts we might send through lightning or zapp or something like that.. .and sure there still are some services that allow sending within the service to other persons who have the same service... so some of those might not have any charges.  I don't recall paying any transaction fees or charges to send those transactions using Circle, which paying fees might have had discouraged me from doing it.
Those people that are being misled by the altcoiners are going to realize one day that they've been into hype and that's a mistake that they should have learned earlier than before. It's hard if they get stuck with those assets but as soon as they realize that there is not that much move at all, that hard realization will get them.

And that's how they learn from the mistakes that they've committed. I've been there and done that but learned a lot in the long run and let's hope that many of them will too.

Well, that's so noble of you when you've given away a lot of those $5-$20 BTCs before. That's a lot in today's valuation and the effort and monetary value that you have contributed for the community just to give it away is a lot.

Will there be a chance that you'd still give somehow at this point for the same reasons?


I agree, it didn't topped yet and that's why those who are discouraged about it, they need to take time and decide very well for this cycle.

It seems to me that anyone who is new to bitcoin and either a low coiner or a no coiner should not be concerning themselves if the market has topped, and surely the BTC price could go shooting up, which might cause many of us to consider that the BTC price has topped, and surely a newbie might come into bitcoin with smaller investment amounts and even anticipation that the BTC price might drop from their entry point, yet if they are investing a reasonable amount for their discretionary income for 4-10 years or longer, they still well might end up being better off for employing a strategy to get started and to get in rather than employing a waiting strategy that might not work out for them... but yeah, each person has to decide for himself and live with the consequences of his action choices (or his non-action).
You're right, most of the spectators that are watching right now are very concerned to the price of Bitcoin. As if they're watching their favorite football and basketball game and we're the players here that are thrilling them.

I think that if they are going to decide to invest, they'll only realize that sooner and they'd heavily going to be after it when we're on the next cycle or hopefully, before it.

Slowly but surely as they say and I agree that if they're worried about BTC's volatility, they should only invest with the smallest amount that they can risk. Later on, they'll understand why many are optimistic of investing and telling everyone to buy more.

There could be a hypothetical person who has a budget of $100 per week that he knows that he can put into bitcoin, yet he purposefully decides to ONLY put $10 or $20 per week into bitcoin and to hold the remaining $80-90 per week for buying dips, and that may or may not be a good approach, but at least, he had gotten started and he is consistently investing, even though he is also purposefully choosing a more conservative (perhaps whimpy?) approach to his weekly budget amount.  I tend to recommend to not hold back more than 25% for buying dips, yet I understand that there could be circumstances in which the BTC price has done so much upward price performance that any person might decide to hold back a larger percentage for buying dips.. with the realization that anticipated BTC price dips may or may not end up happening.
That's right, the most important thing is they have initiated their actions into investing to Bitcoin. Because if they keep on watching the prices without doing any actions and they're mostly waiting for the good prices that they'll never see for themselves, they'll wait forever.

25% for buying dips is actually already good and even better if they could do more than that. And they're doing it for themselves and not for us that they'll thank themselves one day.

That's right, there is only so much we can do from these people. They've asked, we listened and we gave them suggestions on what should be for the good of their investing journey. I've been there and I understand your frustration, these people probably value our words at the beginning but if they think they're good enough, they're walking freely and deciding for themselves which is normal.

Even people who claim to not have a lot of ego tend to have a decent amount of ego, so people do prefer to make their own decisions, even when they might be relying on bad sources (without realizing it). Sometimes the mere fact that we have given them an alternative perspective to consider will be valuable in regards to their having information to do their own due diligence and their own research into the matter to attempt to verify the extent to which our perspective might have some validity.  some folks might have seemingly solid trusted sources, even someone like an investment advisor who is telling them the opposite of what we are saying, and they might have had felt that their investment advisor is acting in good faith and has even helped them out extensively through the years, so they feel that they cannot deviate from the guidance of their investment advisor... even though in the end, most investment advisors will also proclaim that they are ONLY executing the wishes of their clients.. and surely over the years, I have had discussions with quite a few bitcoin naysayers who otherwise seem smart, but ultimately had been overly swayed by their investment advisor and they could have had make $100s of thousands or even $millions of dollars by employing some version of allocating to bitcoin, as I had suggested.

Prior to 2020, for new investors into bitcoin, I had been recommending 1% to 10% into bitcoin, yet since 2020, I have been recommending that newbies try to consider 5% to 25% into bitcoin, and sure of course these are beginning ideas, so a person ultimately is responsible for his own choices, and if he is whimpy or pessimistic about bitcoin, he can choose the lower end of the recommended range, and if he is more bullish or optimistic, then he can gravitate towards the higher end of the range.. and in the end, he is also not limited by the range, even though I am suggesting such range as a beginner consideration, yet at the same time, each person has to tailorize whatever investments they make (whether bitcoin or otherwise) to their own financial and psychological circumstances.
To be honest, if these people that have investment advisors and helps them to just follow what they want. I think of them as lucky people because they can avail to have them as a guide but it doesn't align with their goals. And for the people like me and the others here, we've got you and the others who are better than these investment advisors and you're more than that because you're a total advocate of Bitcoin.

And that's not a bad advocacy because there's always the thought about what if they have listened when someone has spoken to them about Bitcoin earlier but because they have their own thoughts, they didn't.

I admire the newbies that despite that they're new to Bitcoin investing, even if you suggest them 5%-25%, they'd do more because they have done their research and they can do better than the others that are still watchers and waiting for some dip. Consistency is going to beat these intelligent people in the market and that's what they need to capitalize on through DCA.

But if they already have some thoughts of doing something else, they shouldn't waste our time.

Sure some folks are disingenuine and/or not serious, and so we do have to determine if we might be wasting our time talking with them.. .and surely even in real life, there might be some folks who engage us in trolling kinds of ways and they really are not serious, even though they ask questions about the topic... so we do have to choose the extent to engage with seemingly unserious people or if we have enough patience, and surely sometimes we can even tell them that we are purposefully not talking with them about the topic because they are not sufficiently serious about the topic, yet maybe we could let them know if they take certain actions to show their level of seriousness, then maybe at that point we will choose to talk with them about the topic.
I am quite naive when I don't think of them as they trolled me. They've asked me as if they're genuine, I answered and given them a tip genuinely out of good will because whenever someone asks us about Bitcoin, we're there to help.

But if that's the purpose of them of wasting our time and trolling us, I just hope the best for them but it won't be surprising if one day they find the same person trolling them with their passion or whichever they're good at.

Oh well, this is a normal for btc guys like us when we're asked about certain things with BTC, we're always there to help but knowing that it could just make us disappointed, it's also tiring after realizing that we're already doing too much for others.

Of course part of being alive and a social being (instead of isolated and alone) results with our sometimes having relationships that are frustrating, and surely sometimes we are able to limit the interactions with some of the persons who frustrate us, but sometimes these people are within our circle of friends/relatives and we cannot completely avoid them.. even though sometimes we can establish boundaries or even communicate our boundaries in a way that they might realize that they have to take some actions, such as setting up an account and/or establishing a wallet, yet still if we have already interacted with someone who is overly frustrating us, then we might choose to avoid them in regards to all topics, even if they might show good faith efforts, we might not be interested in interacting with them on the topic of bitcoin and/or other financial and/or personal topics.
Yeah, if they're a close friend and relative, we cannot avoid them. But I'm having gestures if ever someone who's asked me before and then I've genuinely given them everything that I know of and yet they have ignored it maybe a week or a month.

And upon seeing the market ripening again, they'd back. I'm only giving them the answers, the same ones and making them thought of if they have just bought during the time I've talked to them, they're already in profit.

It already has got a lot of information and helpful tips but if you've got some time in updating it, please do so for everyone to learn something new, information or experiences from you.
 There are a couple of the tables that I would like to update, but surely it takes time to do so, and sometimes I am juggling other things and I feel that I am not ready or able to make such updates.  For example, I have my own updated version of the fuck you status chart.. and the one in the thread has not been updated for nearly a year... it still communicates several of the ideas but is missing some of my new information and/or even the updates in the projections.. and there are some other areas too.. but it takes time to go through the various areas and even to decide whether a new thread might be preferred over ongoing updates to posts already made. .in which they are going over several topics at once...
I feel you, just feel free to do it when you've got some time or whenever you just want to. You've already done a lot for those threads. Maybe reposting it into other platforms or making it as an article just to spread it out in different platforms.