I doubt that I am annoyed as much as you are considering my annoyance to be important.

I already made my point, so I am not sure what my annoyance, if any, has to do with the matter.



Just might be a different way of thinking about matters and if there is some need for recognition or credit...



Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies, and some of us invest into bitcoin because we believe that its sound money aspects are going to continue to cause value to gravitate into it and for bitcoin to increase in value greater than other assets, relatively speaking...and sure at some point, governments around the world might start to recognize bitcoin as their unit of account or their transactional currency.

So, sure it does seem inevitable that value will continue to gravitate into bitcoin in such a way that it becomes more and more the base for everything else.. and whether there is a gradual then suddenly timeline that can be placed upon it, is not something that I give many shits in exploring.. bitcoin has already provided me a lot of value.. and it has performed quite a bit beyond the more bullish of expectations.. but it is still on a trajectory that takes time.. even though it is progressing quite well with the passage of time.

By the way, let's see how El Salvador works out, and if there are other countries wanting to imitate it, so there is the legal tender matter, but there is also the matter of governments holding Bitcoin in their reserves.. so El Salvador is a kind of beginning, but I still doubt that 20 years would be a sufficient time for the contagion of bitcoin to spread to be classified as a world reserve currency.  We will see.. we will see.


And remember arguing for the mere sake of it can be problematic... but you do you.

Nothing wrong with studying, but if this thread happens to be about buying the dip and HODLing, do you believe that bitcoin becoming the world reserve currency (if and when it does) has very much to do with the subject area of the thread which seems to me would be that anyone who is investing into bitcoin within the premise and guidelines of this thread would be considering that bitcoin's fundamentals are strong, to justify investing into it.. sure bitcoin becoming a world reserve currency can be part of that thesis to motivate investing, but I doubt that anyone should have to have bitcoin come even close to world reserve status in order to profit stupendously beyond a lot of other options currently available.

In other words, seems to NOT be any kind of necessary or immediate condition and seems to be beyond the original topic and not even that necessary to fold into the topic in order to discuss reasons for buying on dip and HODLing.. and I believe that lump sum investing and DCAing are a lot closer and better topics... because seems to me that there is already a kind of assumption in this thread regarding long term prospects of bitcoin and so getting to world reserve status is a kind of a matter of degree rather than a matter of already assumed BTC price direction....


Yes.. seems inevitable that a variety of these kinds of things are going to happen with BIGGER and BIGGER players getting more involved in bitcoin in various ways.


And lump sum invest and DCA as well... jajajajajaja

 

We have covered this before.  There are forum rules about deviation from thread topics.  Does not matter if you are the OP or not, and of course small amounts of deviation will be tolerated, otherwise it is a new thread... if you change the topic of the thread as we go along, probably a lot of members would get frustrated with that, including yours truly.  Try to have some respect for the thread topic, including members who come to the topic expecting what was in the description (and perhaps the opening post, too)...

I believe that we should give it 2 more days of red daily candles before everyone starts asking if the recent surge is just a “bull trap”, and other posts again will say that it’s a bear market. Plus witness those trolls who went silent during the surge to re-emerge, then bump their FUD topics.

Read the post again. I’m not talking about what happened “so far”, I’m talking about giving it 2 more days of red daily candles before the trolls re-emerge, and the bears mistake their winter for spring.


Then what price point would give you more confidence that the bottom is in? $50,000?

Actually it is not like "You don't have another choice.". Yes, it is always much better to buy from the dip price. But it is not easy to know what the dip is also. For example, Bitcoin price was $29k not a long time ago. And many people were thinking that this fall would continue until even a level between $10k and $20k. But it wasn't the case. It was the dip and people who bought then are really lucky now.

Buying the dip is always the best choice, I agree. I think that people who buy the dip only are the ones who make the most profit compared to the other type of investors. But they make that much profit in a long term of course. HODLers can lose and make lots of money on this road. But in the end, they will reach their goal as long as they are patient and don't panic-sell in this period.

This is my motto actually. Buying the dip is always good. I think that noone can deny that. If you are lucky and able to buy the dip, you should never panic sell. HODLing means that we should wait for a long time. By saying "a long time", I mean that this time period can change for every person. It's about at what price you are thinking of selling.

Yes.. people can deny it.

The best strategy is DCA,  and buying the dip is a good supplement to DCA.. but it is not as good as DCA... So when in doubt and you are not sure about what strategy to follow, DCA is the best  Hands down.


If you are already in a mindset of trying to time the market, you are likely setting ur lil selfie for panic selling and emotion.


I think HODL means more than one you are describing it to be.


If your are thinking about short term baloney then sure.. maybe you will get a payoff and maybe you will sell too much too soon.

I f you are a long term investor, you don't need to place any kind of high priority on trying to figure out when you are going to sell, but you can still develop various strategies that may account for some selling. even while not getting too worked up about it.


Fair enough.. buy the dip and HODL have problematic aspects by themselves, but they are not bad if they supplement other strategies, including the best strategy, which is DCA.



There are many situations in which a HODL position may well come into play.  One of the scenarios is running out of money after buying the dip, and another is not selling too much too soon.

Sure there are other scenarios in which HODL is a good strategy, also... and you are correct, Wawa2013, there is a decent amount of individualized tailoring that might cause HODL to play out differently for different people and to be an acceptable strategy.. and sometimes there is no perfect strategy, just good strategies that attempt to be mostly individually tailored, if possible.


All or nothing thinking is dangerous too, and frequently some kind of incrementalism will be better because it is likely better to never sell all of your BTC and also it is likely better to never run out of fiat to buy, either.


This thread is about bitcoin, so whatever the fuck you are suggesting about "crypto" likely does not apply, so maybe you should revise your above sentence in terms of talking about bitcoin rather than muddying your point with likely nonsense and vague ideas that are likely lacking in a large number of assessments about fundamentals and also speaking vaguely would have a lot of variation in terms of assessing any of the bullshit out there that might fall into such a broad and nonspecific category, besides bitcoin in terms of potentially having any fundamental value that would cause some shitcoin or whatever you are referring to to be a long term rather than an in and out investment...

In this thread, we are already presuming bitcoin to have long-term fundamental values, and therefore that presumption of long-term fundamental value is built into the idea of HODL, also.  

It would stray this thread way into off-topicness if you are wanting to bring any other piece of shit coin (aka altcoin) (aka crypto that is not bitcoin) into consideration/discussion in this here thread.