Topic: Buy the DIP, and HODL! (Read 121535 times)

one way to help yourself as a newbie is to just get started first. it's a huddle you have to ensure you overcome and then take it a step at a time to continue building your bitcoin stack week after week, month after month, year after year, a circle and then two circles. by the time you have stayed invested in bitcoin for multiple of circles, your mental strenght would have beeen well positioned and matured for a super long term plan you probably have.

you have to also note that it's not just about planning for long term investment as though it's the longer you've stayed invested that guarantees your profitability in your bitcoin investment. if you have the means of achieving a set out quantity of bitcoin stack for eight years or even less than that would do you better than you just waiting for so long before building a reasonable quantity of bitcoin.

the whole essence of long-term investment up 10 years upwards is that it allows you to DCA comfortably and not to get discouraged that you couldn't buy a quantity of bitcoin you planned building at a time. the accumulation stage is individual dependent and that's why the likes of El Salvador can afford to buy a whole bitcoin everyday while the majority of individual investors that can't afford to do it that way might take up to 10 years to afford what El Salvador will buy just a single day. the goal should be to set out your accumulation plans based on your capacity and along the line, you can stay disciplined and ensure you increase your DCA allocation so you can quickly reach your accumulation goal.

I used to regret why I didn't start my bitcoin accumulation journey a long time ago, but we must not allow that to weigh us down in being consistent in accumulating bitcoin because we didn't know about bitcoin earlier and we can't undo the past, so we should move on and put the past behind. What our concern should be now is how we are going to accumulate the quantity of bitcoin we want to hold for the long term in a way that it will not stop us from sorting out our daily expenses. We are still early in accumulating bitcoin; if we are consistent enough in accumulating bitcoin, we will make up for the past we missed accumulating bitcoin and also  avoid any regret in the future.

New investors may be more apprehensive about investing for the long term as they feel depressed by market volatility. You'll find many new investors expressing disillusionment with Bitcoin based on past events. The fact that Bitcoin is currently adding new value and is capable of creating even better prospects in the future should add to the note book of new investors. Bitcoin investments should last at least 10-12 years so that short-term market volatility does not hinder investment retention. Don't panic but hopefully a good prospect awaits in the future so it's not too late to commit yourself to investing now.

I think it is wise as an investor to plan long-term investments for beginners. New investors must constantly invest little by little as well as build their portfolio.

People keeps making unnecessary comparisons that won't make any meaning or add value to them. Whatever that happened in the past should remain in the past as we can't correct them. What is important is, what are you doing today to make sure you don't miss out on bitcoin in the future. And also benefit from the percentage increase that will happen in the future. Bitcoin was a new technology back in the early years, and the level of information and materials available now were not there, therefore many people were bound to make mistakes and possibly be scared to buy bitcoin then. Just like every new technology mass adoption don't just happen over night, it's usually a gradual process, and that's what is happened with bitcoin. So anyone still living in the past and making comparisons is not doing himself any good.

What else are we assuming to be factors with these two types of people?  How old are they - perhaps relating to how much time they are going to need before they might need (or want) to start living off their bitcoin?  Do they have an income that provides for a sufficient amount of discretionary income to invest into bitcoin and establish and maintain back up funds, especially the emergency fund?  Have they already established their emergency funds and do they otherwise have good cashflow management that they are maintaining? How much time are they spending studying bitcoin?  when did they start with bitcoin?  Do they have other investments?

We could have similar kinds of people, yet some might be more inclined towards trying to trade/gamble than others, yet I have difficulties justifying trading to generate an income, yet there could be situations in which that might work and someone might have skills that are somewhat beyond my own abilities to imagine how they are dealing with their finances, time and energies. 

It is almost like I need to hear what your hypothetical person (or two persons) might look like in order to relate to what you are saying, since surely there are so many kinds of people who have so much variance in their situations.



I think that bitcoin is still in its early stages, yet to me, development stage sounds as if it is not quite ready for prime time, and personally, I believe that bitcoin was built so well from the start that it was something that just needed to grow with adoption, which bitcoin has been doing in something close to a perfect kind of a way, even though surely nothing really can be perfect, but there have been ongoing building of bitcoin as it grows, like the analogy that we frequently hear about a plane being built while it continues to fly - even though maybe there is a little bit of a better analogy than that, since bitcoin is more like a team of planes that continue to fly in tandem and/or coordinated like a flock of birds.


Surely bitcoin is still in early stages since adoption is still quite low, and bitcoin is likely to continue to be volatile, yet there is almost no way that we can presume down before up rather than up before down, so there seems to be advantages in terms of getting started right away, since there is no way to prepare for up unless already having a stake and building a stake, and surely if we are able to have an investment timeline that is at least 4-10 years or more, then it likely is not going to matter so much whatever our costs per BTC, but just that we keep building our BTC stash, and the sooner we start building the better, since it is likely that the BTC price is going to continue to go up, yet it is going to almost inevitably going to remain volatile and likely one of the better ways to measure its ongoing upwards trajectory is to use something like the 200-WMA to see that it is ongoingly going up at least in terms of the 200-WMA even though its spot price is likely going to continue to bounce up and down around the 200WMA.. and perhaps continue to mostly average staying around 25% or more higher than the 200-WMA, even though sometimes the BTC spot price might end up going greatly above the 200-WMA or it might go below the 200-WMA... even though it is likely not very sustainable to stay below the 200-WMA for very long.  BTC spot price versus 200-WMA can be looked up and monitored at https://bitcoindata.science/withdrawal-strategy, and as I type this post, BTC spot price is right around $90.6k which is about 120% higher than the 200-WMA (which is nearly $41k).


Aren't we presuming that with the passage of time that the BTC price is going to continue to rise, yet we cannot necessarily that the BTC spot price is going to rise or fall in the short term, even if we might realize that there is a kind of ongoing and ever-present pressure upon it to go up in price that comes from its ongoing adoption (including that we are in early stages of its adoption too).


It is NOT ONLY the investors that matter, since there are likely ongoing adoption and network effects taking place within at least the 7 categories that were contemplated by Trace Mayer, and surely even there might be more sophisticated and specific ways of considering bitcoin's adoption and network effects by looking within each of the 7 categories.

Jay's said it all, those who have to monitor the market to know whether it would drop or rise are likely to be traders who trying to embrace the concept of Bitcoin investment but are still stock with the trading mindset else why would they even be considering if it would rise or not, Bitcoin has proven to be very profitable on the long run therefore it's not something an investor should ponder about, so far the person go a stable income that would enable their investment journey go smoothly for  very long period then the investor is good to go, it's as simple as that. Using the word early adoption (early stage) other than development stage is a very good point for people to understand that Bitcoin has already developed into something great since it's creation and it's currently at the early adaption period however the more people keeps buying and following it's concepts by holding for long-term then it becomes more scarce thereby causing the price to keep surging and doing greater in future.

To me as an investor the only when one can only focus on the dip before accumulating, is if the  folks has already, gotten far with his investment, which may stop him from been aggressive as he used to , but still some are just folks with traders mindset because only those that just want short-term profits will always waste their time waiting for the dip and most time they usually miss it because you can't just sit back, monitoring the market all day , as a human you still have a life to live outside this space .


That's true development stage sounds somehow , rather bitcoin is still on its  early stage, so there's time to invest on it and hodl. Than to keep procrastinating and waiting for Bitcoin to crash (which may never happen) , so Bitcoin still early stage and those with the long-term perceptive, can still start their accumulation.

I largely agree with everything that you say, except I would like to clarify that there is a bit fantasy when thoughts are not accompanied by action, and so the mere fact of potentially being ignorant about bitcoin in the past, the mere act of buying some bitcoin in the past at $500 all of a sudden activates certain channels of the mind, and sure whether the mind was yet ready for the change or not, the whole course of history of the person's mind ends up changing from the action... and so sure we can go back and imagine how we personally might have been changed by such different course of action, yet somehow we still have to figure out ways to attempt to tether those fantasies and imaginations to current reality rather than just fantasizing about what could have had been when we are not able to turn back the clock.

Sure we all likely do some of that back filling of our thoughts about what could have had been, and so much there are several of us who continue to emphasize actions and ongoing continuous actions, and perhaps it is like going to a kind of church where we have to repeat and emphasize our beliefs over and over or else we run the risk of falling off of the path of what we are and what we could be.



I will suggest that what made @Jewan420's post/comment even worse is that he was referring to others and fantasizing a comparison of someone else who bought in 2013 as compared with someone else who did not buy in 2013.. and sure there can be some decently good applications of such thought exercises, but from my perspective, the mere fantasizing about them in a vacuum just comes off within quite a bit of missing context.... .. and yeah, we have guys creating threads about these kinds of regrets.. which surely could be O.k. topics if they are potentially put within a context... ... which most likely Jewan420 is implying the context which could be ambiguous and misleading instead of outright saying what he would like the context to be.

I have participated in several of those kinds of threads in which guys are regretting and blah blah blah (and gosh I have met quite a few people like that in the real world too), and so frequently I suggest that it is not too late and to get started and ideas like that... and surely, it becomes difficult for people to act sometimes.. and maybe we can imagine that Jewan420 is not so out of touch as to be failing to act, but still we cannot really know if he is raising such ideas in what ONLY appears to be an envious way that really tends to be counter productive and may not even inspire anyone to act, but instead to fantasize about past potential outcomes that could have had been achieved.

Sometimes that actions don't even need to be that dramatic.  Many times we might meet people in life an their life is a wreck.. .. and surely maybe we might suggest that maybe they could just start taking one college class at a time or maybe they can do x, y or z or maybe they can just start buying $10 of bitcoin per week.. and sure we could even recognize that they have an ability to buy $100 per week, but we want to help them to just establish for themselves small and reachable goals, so it seems that $10 per week should be more than manageable and will likely lead to better circumstances if it is just followed, but sometimes there are people who just seem incapable of getting themselves out of their own wreck.


Even though you put qualifiers in your statement, and surely you are likely correct that we could go above $500k this cycle... or maybe it is next cycle.. but whatever, guys do have to get off of their asses, otherwise they are just whining the rest of their lives...and surely there are differing levels of tragedies for a young person to fail to act versus an old person, so there can be quite a variety of complexities involving timeline and how much disposable income that they might have, but then also there can be several kinds of difficulties that involve learning about bitcoin, so surely people have to just start at their level in regards to potentially starting out with some kind of price exposure and then building from where they are at and hopefully the getting of BTC price exposure leads to motivation to learn about bitcoin whether it is 4 hours per week or some other quantity of time to fit in the learning while continuing to invest into bitcoin.  Many of us who have spent time learning about bitcoin likely realize that the earlier that anyone learns about bitcoin (and likely includes actively buying it, even if small amounts) the better that the person is going to end up being,  yet there still seems to be a lot of front running of bitcoin that is coming from non-retail segments, and surely any of us who got in earlier were also able to front run some of the BIG money that is currently coming to bitcoin, yet the BIG money is going to continue and continue, which should create incentives for normies to get into bitcoin rather than such a large and overwhelming majority wrongly concluding that they are too late yet their situation of being too late is ONLY going to get worse rather than getting better if they cannot snap out of their wrong ongoing perceptions of being too late.


One funny (and potentially ironic) thing is that there truly are people who wait until the confirmation of the upswing in the price before they buy, and sure maybe some of those folks are just trader mindset, since it seems difficult to understand why to engage in that kind of thinking with the kinds of assets that have been confirmed to have fundamental value, such as bitcoin... since in a lot of senses, it does not even matter when you start to buy bitcoin, except maybe just buying bitcoin as soon as you find out about it, so long as you determined that you are buying bitcoin with your discretionary income.


Not really development.. but early adoption that is ongoingly building as awareness increases and price increases, the whole network becomes more and more valuable which contributes to the price continuing to go up.., so in that sense, the early stages like we are still in continues to have prices way smaller than what it going to be as it is continuing to be expanded.. .. yeah, maybe we have 1% adoption and even a lot of the current adopters may not even realize their level of being low coiners.


You are correct that loss aversion is a real thing that causes a lot of people to either not buy, to sell too much too soon or even to not buy even close to enough (to remain whimpy in their buying of BTC.  Another thing is that even though it is not guaranteed that the BTC price will go up, anyone should still be able to pick a level of BTC purchasing aggressiveness that still prepares him for the possibility that it might not go up, yet at the same time, making sure that he is sufficiently aggressive in his BTC investment.. and yeah to learn along the way, too, if he does not really feel that he sufficiently understands bitcoin beyond the number go up thesis.. sure there are plenty of guys who ONLY know about bitcoin's number go up investment thesis and it takes a while to learn better about why the number go up thesis actually has various other fundamentals behind it.

Anyone who is willing to invest for a long term shouldn't be worried or be bothered because whether they invest at the Dip or not they are going to see something in return ( years time), you know sometimes I don't even consider this buy Dip as a strategy because sometimes you can wait for years without getting a good entering point because of the volatility of the market and i believed there are people who were waiting Bitcoin to dip before it pump like this and if they continue to wait they will definitely regret later. If you ask me, I will say Bitcoin is expensive but one don't have to buy a whole (1) of it rather it should be accumulated little by little and one thing I'm sure of is that, anyone who is willing to invest in Bitcoin won't be discourage because of the current value or price.

You really made me laugh so hard.
Actually, you are trying to put it in respect to a procrastinator who is always feeling that the price didn't DIP enough to buy and since the price has gotten this high, such people will still feel that now is not a DIP price to buy till maybe they see the price get to $1million that's when they will probably reflect back and see how foolish they have become for not buying the DIP when they got the opportunity to, but they kept feeling that the price was way too high for them to buy.
       Bitcoin is still in it's developing stages, so i see no reason why someone will feel that bitcoin is too expensive for them to buy and HODL. The reason why some persons feel that bitcoin is too high could be basically because they have short term target and feels that if the price falls that they will incur losses when they sell out of panic that is why a long term bitcoin investor don't care about the price point they bought because he surely knows that the price of bitcoin will increase in the long run more than the price he bought with.

I agree with what you just said. Regret is just a feeling of sadness and disappointment, but we can channel that pain into building our Bitcoin portfolio.  Whatever has happened in the past has been done, we can't change it, but we can change what may happen in the future if we take a good approach now. It is in our hands whether we will regret it later in the future or not.

As for me, I have zero regrets. The only thing I felt sad about was that I didn't know about Bitcoin earlier. If I had known about it, trust me my portfolio would be reading millions of dollars through mining and earning because I had a keen interest in technology at that time. Good thing i can afford to buy with my DCA now. What's more important now is the accumulation stage i am in. Later in the future we will all be happy and that feeling of regret will never be known to us again.

First and foremost I must welcome you to this forum and thread because I have not welcome you before now and find it necessary to use this opportunity to welcome you here, am much please to hear that you have taken it upon yourself to read through many good helpful writeup here that is capable of helping you to scale through in your Bitcoin journey and that's a good approach for a good learner, we all started one day and one thing that keep me going in Bitcoin investment is that it keeps shaming people that are skeptical about it's potentials and also the fact that it's very much futuristic in nature, am happy that you have learnt your lessons though in a hard way, be it as it may you got the story to tell about what your experience were in those bullshit called shitcoin and altcoin, atleast now you can stand fame to advise newbies like you that there is no road in those over hyped shitty things.

You really made a wise decision to chose Bitcoin after you were introduced to it, but my question is, how consistent are you in your DCAing, when you mentioned pattern of investing in Bitcoin, I already know that you know about DCA method and that's why I asked you this question.
My advise is simple, buddy for you to achieve a bulky and a satisfying Bitcoin portfolio in the future, you must be consistent in you accumulation process, use the amount you can afford consistently, continuously, slowly and steadily without looking at the price at anytime to keep accumulating Bitcoin and hodl for the future.
Your words are very convincing as a newbie, I encourage you to continue in this manner I believe you won't regret it in the future if you maintain the aforementioned approach in acquiring Bitcoin.

the very concept of looking at past Bitcoin price with a sense of regret of not buying earlier enough or a thought that if you had bought Bitcoin at the time it was at a certain price, you would have been in a certain percentage of profit is a mediocre way of reasoning because in the end, it's all imagination that doesn't translet to any change in the quantity of Bitcoin you now have in your portfolio.

If you've known Bitcoin at the time it's at $500 and even had the resource to buy it, chances are that if you're skeptical at the present that you wouldn't have brought even in that past. The past have gone and whatever decision you didn't make at the time should not feel ones mind in place of planning for what lies ahead of us in the future.

Instead of talking about past possibility that's already gone, it's best to concentrate on the present in anticipation of the future potentials of Bitcoin and how well we can be positioned ahead for it. We've seen a remarkable change in Bitcoin price from last week down to this point and that's relatively a small span of time if you're considering investing for the long term. In the future, the likelihood of Bitcoin going above $500k is eminent and because of that, it's only best to use this period to DCA upwards to that point instead of lamenting on what's already in the past.

I doubt that it is very realistic to look at the past, pick a price and then just assume that a person would just buy lump sum and sit on their BTC  until now.  

There are more realistic scenarios.

Also, I doubt it is even productive to compare yourself to someone else, unless maybe you might be comparing one version of yourself to another version of yourself.

But whatever, you do you... If you believe it gets you anywhere to be fantasizing about people who had been in bitcoin longer or maybe compare them to variations of people who did  not, and there are a lot of variations of knowledge that people had, and variations on their actions too (and failures to act).  .. Still seems a bit of a waste of time to me to be overly fantasizing about those various scenarios, unless you are wanting to make some kind of a meaningful  point that might relate to yourself and your own actions (or your currently planned actions).

I'm not thinking about four years. I wonder what is the current status of those who have held bitcoin since its inception? And those who had the opportunity to buy at a low price at the beginning but did not buy or sell, how are they regretting?

On July 6, 2013 there was an opportunity for a person to buy one Bitcoin at $67.81. Those who bought and held at that time are now at a profit of 134564.4% or 1,371.47x profit. And the regrets of those who have sold it today is needless to say. As of 2010 Bitcoin has rebounded from $0.05 to $93k which has pumped the value up almost 1,860,000x. That means if I invested in Bitcoin in 2010 I would have got a return of 1,860,000x the value. Will increase in future.

Looking at Bitcoin's past, it's possible to understand how regrettable it can be to not invest in Bitcoin. We should enter the investment very soon. That is why it is essential to have a source of income.

10x to 20x in 10 to 20 years sounds pretty bearish.


I largely agree with you, and sure the longer that you hold bitcoin, then the better for your finances, yet if you accumulate enough or more than enough bitcoin, there are ways to engage in reasonable withdrawal of your bitcoin, but yeah, i have no problem with the idea of spending your other money first, yet once you run out of other money, you can start to live off your bitcoin.

You are very much right on this, and the truth of the matter is that we are still in it early days, and due to it high potential, Bitcoin can still do like 10x to 20x of it current price in like 10 to 20 years time from now, so if you have much time in your life, I mean if you are young, not that too old, why not seize this golden opportunity now and invest in Bitcoin now that it's still very cheap?
Because though nothing is certain in this world, but am very much positive that Bitcoin can rise up to a million dollars in the future when more countries and people start adopting it, so now is the right time to start buying regardless of it current price.

Then lastly, as a Bitcoin investor it's best to only think long term, because I know that at some point temptation of taking profit might sets in, but if you truly believe in it and it ability to build a generational wealth for you on the longer run, then you just have to hold for a very long period of time, because it's only when you hold for that long you can reap the full dividend of your Bitcoin holdings.

This is very true, the price of Bitcoin now may not be same 10 years to come and that is why we need to start taking our investment journey very serious because the more committed you are today will determine how far you will go.
Don't think about how big the price is today, 10 years ago the price was very low and those that started accumulating then will never regret and those that started accumulating now will not regret Accumulating, in the future people will say Bitcoin was low in price in 2024 and that is because it will grow to a very high price.
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You don't even need to go out so far to see quite large differences in the BTC price, and you can merely go back 4 years and see that we were right around $19k then and right now we are right at about $91k as I type this post.. ..   which is about 4.75x higher prices right now as compared to 4 years ago.  It is quite possible that in 4 years that we might not be able to buy bitcoin for less than $100k ever again... but yeah, who knows?  There are no guarantees either, so each of us has to figure out how much emphasis we are going to give to BTC accumulation, and if we decide to do it, how aggressive we are going to be in our BTC accumulation practices.

Whether we invest or not, that is our choice - yet surely we have to have discretionary income to be able to invest into bitcoin.

A holder may panic at the volatility of Bitcoin and take any wrong decisions but there will be no human pressure when he accumulates Bitcoin by following DCA method. DCA holder of Bitcoin can insulate himself from the effect of volatility of Bitcoin which can be difficult for ordinary investors. This thread was opened in 2019 and those who have been following this thread's directions since then have emphasized bitcoin holdings today and everyone's portfolio is in a good position and will continue to improve. Those who are relatively large holders of Bitcoins are giving the most importance to field of DCA for accumulation in Bitcoins. Bitcoin will have bullish and bearish movements but those who follow DCA and regularly accumulate bitcoins will not deviate from their track under any circumstances.

This is very true, the price of Bitcoin now may not be same 10 years to come and that is why we need to start taking our investment journey very serious because the more committed you are today will determine how far you will go.
Don't think about how big the price is today, 10 years ago the price was very low and those that started accumulating then will never regret and those that started accumulating now will not regret Accumulating, in the future people will say Bitcoin was low in price in 2024 and that is because it will grow to a very high price.