Quote from: Tmoonz on Today at 08:35:21 PM

Quote from: virasog on Today at 05:52:43 PM

Quote from: Humblevirus on Today at 05:17:24 PM

The truth about waiting for a drop is that someone who is waiting for a price drop in Bitcoin will never be satisfied. Even if the person is lucky and the drop happens, they may still want another drop which may not happen and it becomes a missed opportunity. So, anyone who is still waiting for Bitcoin to dip before starting to invest is just fooling themselves and may regret it in the future because bitcoin is unpredictable and that reason why at any price bitcoin is it is a great opportunity to buy.

Yes, those who are waiting for the bitcoin price and then they can buy, would never buy because on every drop they become more fearful and think that it may drop more. If anyone hasn't had any positions in Bitcoin, I think they should buy with 25% of the portfolio now and then buy more on every dip. This is because in case the price pumps from here and doesn't give a pullback, the person won't be left waiting. Also, I would not feel nervous buying near 110K because I know that this is not the ultimate top for this cycle and for years to come, it is like buying under 50K Wink

Anyone new to Bitcoin can decide on what percentage of their of investment money they can start with, they can even go as low as 5% provided it is what suits their tolerance level at that point, there is lot of trade off attempting to hold back higher percentage of money to buy the dip rather than buying right away because the dip may not end up happening but with a consistent DCA strategy one can actually catch some dips. It is very wrong for you to advise newbies coming to Bitcoin to be holding back higher amount of money to buy the dip rather than buying right away with the DCA strategy consistently and aggressively without over doing it.

I was also a bit confused by virasog's description of "buying 25% of the portfolio now," and maybe some kind of an example can be helpful to attempt to figure out what is meant, since if someone is a brand new investor then that is different from someone who might have had been investing into bitcoin or who might have had been investing into other assets prior to coming to bitcoin.

There surely can be situations in which someone comes to bitcoin with abilities to buy lump sum from the start, and other times, where the ability to buy in lump sum comes at a later date down the road (after the person had already been investing into bitcoin for a while). Of course, anyone who might have a relatively large lump sum amount of funds available has the fortune of having the funds, which truly is not common for normal people to regularly have lump sum amounts that they can invest into something like bitcoin. So then within situation of having lump sum funds available, then he can choose whether to 1) buy right away or to 2) defer by time with DCA or 3) defer based on price dips that might not happen. Surely various personal circumstances would affect the extent to which buying right away or deferring might be practical. By the way when a person is DCAing as his income comes in then that is not a deferral practice because the investor is buying bitcoin as soon as the money comes available and not deferring, yet in the case of a lump sum amount that comes available, he can choose to buy right away or to defer portions of his buy to the extent that he has authorized the lump sum for BTC buys.

We would likely need to know more about the person in regards to whether he is already DCA buying BTC and/or we might expect that he has an income too, and we cannot just presume that he already has an emergency fund and/or other back up funds, yet of course, if he already has strong cashflow management practices (including back up funds), then he is in a better position to invest as compared to someone who does not have strong cashflow management practices.

Quote from: Issa56 on Today at 08:44:55 PM

Quote from: dolbayob on Today at 08:12:03 PM

I wouldn't wait I would just buy and hold. Because why would I wait? We don't know if it's top or not. Even if it is top we will see higher in the future. So just dip in and buy whatever you can.
Hold as long as you don't need to withdraw and buy more as long as you have spare money to invest. There is no other option. Buy buy and buy more until you have decent amount. Then you can wait and enjoy higher prices with as much as Bitcoin you have in your hand.

When you are planning to invest in bitcoin, you shouldn’t just buy all at once and hold, it’s better you have a strategy when investing, and the best strategy is for you to make use of DCA strategy. Am not saying you should wait till bitcoin dumps before you start buying, but even if you will be buying now, then making use of DCA strategy is the best, and if you are planning to invest in bitcoin, then you should be ready to hold for a long period of time.

If you need maximum profit from your investment, then make sure you hold your bitcoin for a long period of time, some people are saying that bitcoin price is already high, but in next few years to come, the same set of people that didn’t invest now just because they think bitcoin price is too high will be the ones regretting why they didn’t invest now later in the future.

Some of the folks saying that the bitcoin price is high were also saying that bitcoin prices were high in 2022 when they were around $20k, and they were saying bitcoin prices were high in 2024 when they were bouncing between $50k and $70k, and they were saying that bitcoin prices were high a couple of months ago when BTC prices were bouncing between mid $70ks and lower $90ks. Some folks will never get over their diagnosing bitcoin prices as being high and they will likely continue to have fun staying poor... since it is best to get started buying bitcoin rather than worrying about price, especially for no coiners and low coiners.

Quote from: Moreno233 on Today at 10:34:16 PM

Quote from: virasog on Today at 05:52:43 PM

Quote from: Humblevirus on Today at 05:17:24 PM

The truth about waiting for a drop is that someone who is waiting for a price drop in Bitcoin will never be satisfied. Even if the person is lucky and the drop happens, they may still want another drop which may not happen and it becomes a missed opportunity. So, anyone who is still waiting for Bitcoin to dip before starting to invest is just fooling themselves and may regret it in the future because bitcoin is unpredictable and that reason why at any price bitcoin is it is a great opportunity to buy.

If anyone hasn't had any positions in Bitcoin, I think they should buy with 25% of the portfolio now and then buy more on every dip. This is because in case the price pumps from here and doesn't give a pullback, the person won't be left waiting. Also, I would not feel nervous buying near 110K because I know that this is not the ultimate top for this cycle and for years to come, it is like buying under 50K Wink

Are you in anyway suggesting that an investor who have been holding shitcoins should put 25% of their money in Bitcoin and leave the balance of 75% still in shitcoins? That is not a good advice because Bitcoin is still the safest investment out there so should have majority of your portfolio and not the other way round. A lot of us are going 90% to 100% Bitcoin and it has been a great experience so far, devoid of fear and uncertainty and with the optimism that we will not regret in the future about the decision to hold and not sell. Holding shitcoins can never give someone this level of peace and confidence about the future. Bitcoin have shown great resilience these period and it is only wise for anyone interested in taking their finances seriously to buy at every opportunity and hold. Even the news around Bitcoin is suggesting that the many big things will be happening to Bitcoin in the near future.

Yeah.. virasog should explain what he means and show whether he is making any sense.