What determines or make one a good long term or successful Bitcoin holder, is not only having the ability to withstand and over comes selling pressures when there is a dip in price during bear season it is also has to do with over coming the temptation of selling even when in profits during a bullish season, there are weak hands that can sell there Bitcoin during bullish season when they are supposed to be increasing their Bitcoin size and not only during a bearish season, that is what you should know too.

Your point per discipline is inevitable when it comes to investment in general mostly the most valuable like that if Bitcoin, but my point of argument or opinion remain that if what emergency fund can't not resolve because there is not amount of fund that can take care of unforseen circumstances like life threatening, if you have not seen heavy investors hit with life threatening who sold their properties and many belongings even seek public contribution inorder to save their life I I have witnessed even hear some through news or Media sorry to use this common example of a Nigeria actor who was hit with illness that leads to amputation of his leg the man called john okafor popularly known as Mr ibu , the public made some donation and he lost his life if such a person has Bitcoin as asset and selling it could save his life you think he will reserve it and died because of long time holding, when I said life threatening it really entails life issue with deep sense of details. Sorry to use the particular scenario assuming a man kept emergency fund that is not up to what a kidnapper who adopted him is looking for and no means to get the demand, you mean such person should die and leave the Bitcoin unsold if he practice Long holding where means of selling and get released can be made, for me it's unwise.

From his statement, I don't think he was referring to Shitcoins but the i see some points in what you're saying cause he needed to have been specific with the particular coin so newbies won't be mislead into investing in just any coin just because the market fluctuates, I know some people who still relates every Cryptocurrency they come across with Bitcoin, they end up buying shitcoins and when things goes wrong they blame it on investing on Bitcoin whereas what they bought was a Shitcoin.

 On a second thought, as a newbie that's here to learn about Cryptocurrency and the best coin to invest on, I expect such person to pay close attention to things going on in the thread, especially things ongoing in this thread so as to differentiate between investing on Bitcoin or Shitcoins regardless of whether someone use the right term or not.

Then he should be very much specific so people can know and understand the type of coin he mean if it is Bitcoin or shitcoins.

Meanwhile this is not a thread to learn about cryptocurrency so there absolutely no need gaining knowledge about shitcoins here but Bitcoin long term investment so let continue to talk about bitcoin here and focus on it alone and not some kind of shitcoins talk.


You don't still understand that the word cryptocurrency is a general word you will get people confused by mixing it up let's forget about this crypto of a thing and focus on Bitcoin and in this thread it is only Bitcoin we are talking about and not other coin or shitcoins.

Okay, but you need to make a correction, since we are going through an important topic related to Bitcoin Investment, you should use the word specific Bitcoin. You should refrain from word confusion so that no one else is confused.

However, there is a great method for investors to save Bitcoin in the midst of Bitcoin market fluctuations and that is the DCA method. For those who are afraid, investing is not at all safe because under its influence, they may lose some part of their valuable capital. If you are a Bitcoin accumulator, this may be enough to keep your invested capital safe if you can continue to save continuously for the long term and uninterruptedly.
As you continue to accumulate Bitcoin from discretionary income through a best process (DCA), you should focus more on growing your holdings and tend to take profits after a fairly decent holding has been built up over 4-10 years or more and more years.

Wind_FURY don't you think that this is the right time to change the subject to "Buy Bitcoin and HODL" because i don't see the price of Bitcoin DIPPING anytime soon considering the fact that $100k has been reached, and the price may not DIP below $90k because since it got to $100k, there has not been any major corrections which means that a lot of investors are still holding their Bitcoins. Moreover, at the price of Bitcoin now, we can't call it a DIP price anymore because it's damn expensive, if a DIP will happen it will be after this bullish cycle and we enter into a bearish market, maybe until then you can change back the topic to "Buy the DIP and HODL.

I know that since Bitcoin has gotten to $100k, the next rally is $1M which is to say that anyone who buys Bitcoin now still bought at a cheaper price but it may take a long time before the $1M milestone will be reached.

Is there people here still holding that crap? If yes better dump that crap since they will just get unrealistic hype since they are just been deceived by those people who try to manipulate their minds.

The Creator of BSV has been proven a clown or fake Satoshi so by that situation he already tell a lie especially to those people still have BSV in their portfolio. Much better and smart decision for them to dump it since they can get more real value if they buy Bitcoin directly.

People need to have critical thinking so that this kind of clowns will not manipulate them since its a total waste of time if they believe in their jokes. Look at what happen now people holding BTC are so happy with current milestone reached by this coin, while people holding BSV still didn't get much good action on that coin they hold because this one is fake.

Your suggestion hardly makes any sense.

This thread was started during an upwards trend in the price, so the suggestion back then was to buy any dip that happens, while the TC price was seeming to trend up, and in fact between the beginning of April 2019 until the end of June 2019, the BTC price went from $4,200 to $13,880, so it is was quite a ride during the first three months of this thread.

Even if we are in price discovery territories, there can always be dips, yet anyone brand new to bitcoin should not be focusing on buying dips, but instead focusing on buying bitcoin regularly, persistently and consistently,. whether it dips or not for the next 4 years or more.

There are always going to be contemplations from newbies how they engage in their BTC accumulation strategy, including questioning themselves whether they should wait to buy dips or to just buy regularly, and surely many of us might not even necessarily agree in regards to which BTC accumulation strategies to follow.. while at the same time, it seems a bit schizophrenic to be changing the name of the thread based on BTC market dynamics or perceptions of market dynamics.

I don't doubt it but I say it like this because my economic capacity is not that high, and well I have to do a lot of things to be able to have a decent income, this is what happens to me even being a person who studies and is professional, if I were to find a job where they pay me better and I could buy a btc right away I would do it, regardless of the price, but I wrote this because my capacity is still low but I make the necessary effort to get something and be able to buy even if it is little, the idea is to have more than 1 btc, but with patience you can achieve the objectives and with the DCA method plan.

For me I will say 4-6 years is not  enough for a person who who has the least target, according to how we have been discussing previously, the least investing period is 4-10years and at most 10-30years above.  

That's true, getting started to invest in bitcoin required a good steady job to maintain his financial strenght and he should invest the amount he can afford to lose with his discretion fund. Knowing that bitcoin investment is a long term journey.