Topic: Buy the DIP, and HODL! - page 105. (Read 122021 times)

Waiting for the dip is old fashioned for anyone that is still in his or her accumulation stage especially if you have not gotten to your maintenance level where probably you might not be buying or being consistent with your DCA but may decide to be buying at the dip only, Bitcoin volatility nature is what anyone coming into the space should be able to get used to as an inherent trait such that instead of looking at the market condition before making purchase of Bitcoin he or she is meant to focus more on increase his size of Bitcoin, waiting for the dip before buying Bitcoin is a wrong approach since the DCA strategy allows you to buy Bitcoin irrespective of it's point in different intervals either weekly or monthly, one can still be consistent with his dcaing and at the same time make other plans of buying at the dip, but as me focusing on my DCA is the best for me because I might not want anything that will distract me from my original plan.

In most cases the dips seekers lose their opportunities and run out of cash that they had set aside for investment. To ensure proper utilization of your assets you should start depositing bitcoin today without any delay. The DCA method gives you the huge opportunity to accumulate any amount of bitcoin that are disposable. If you are constantly looking for dips to invest you will actually end up losing the level of dips you expect for a long time and depriving yourself of bitcoin holdings when you should have started DCA to accumulate your precious bitcoin even if to a limited extent. Later, if you get a downward price trend, you can definitely take an aggressive buying opportunity.

In line with your income and the disposable portion can grow progressively larger with regular deposits. But you shouldn't be in a hurry to tidy up your portfolio quickly as you need to continue to accumulate for a long time and gradually increase against consistent income so that the size of the stash grows simultaneously. If necessary you can try to complete more than one cycle to make it easier to achieve your desired goal.

They are just giving their selves an issue and hardships for waiting on the dip since instead of they could start already there investment, here they are still monitoring the market waiting for perfect time before they buy. Usually those people do that didn't actually have strong faith on long term investment since maybe they have luck of understanding the way how bitcoin hodl should be done. Although its good for people to buy at the dip if they can spot it, but the question there is it really worth it to wait for dip to accumulate? Well for me its no since it will just give us wrong thoughts about how everything should be done on our bitcoin investment.

If they just start when they have funds and ready to accumulate then provably that they would became more consistent investor especially if they do those working strategies so well.

Yes actually price is an important factor, but waiting for it to dip before buying may not be the right decision, rather you can apply all the three bitcoin investment strategy which are buying the dip, Dolla cost average (DCA) and lump sum. Atleast this will make you buy regularly through DCA and buy the dip when bitcoin price is dip or you can lump sum at a go when its dip or when you have received a huge fund which you will like to invest once. so that it would not be something you will have to wait to dip before buying. because bitcoin price always rise and fall so the DCA will keep you balanced in other not to put yourself into unnecessary stress of checking the price of bitcoin and when to buy the dip. Just make sure you always have a discretion fund to help you achieve this target because that will be your purchasing power after you may have settled all other family expenses.
 
The number (1) of the (9) strategy which is cashflow may  not only be the best option, I believe that with my explanation above I think the number (8 ) is also important which you can check from the quote below from JJG 👇

This means as time goes on you will learn more strategies because it's not only for newbies because surely most people still lean more strategies as time goes on. Since no man is an island of knowledge.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

I don't really have any problems with what you are saying, yet I still would like to quibble with the idea that after 8 years investing into bitcoin (presumptively accumulating bitcoin) the person would feel some needs to "take profits," since that just seems like a trading term, but yeah, sure, after 8 years investing into bitcoin, there might be some abilities to transition into maintenance or even liquidation.. but there likely would not be any need to rush such process to transition, and surely we are presuming that a person investing into bitcoin for two cycles might have had reached his accumulation goals, which may or may not be the case in terms of realities and potential needs to reassess where he is at and if he might feel that he can transition out of BTC accumulation and into some other variation that might be deemed as maintenance.  He may well have to continue to assess his 9 factors in order to figure out whether he actually has gotten into some other stage of his bitcoin investment journey, and I still am bothered by calling whatever he does as "taking profits" since bitcoin is the most pristine of investments, but there still can be some reasons to balance and rebalance, especially after guys have reached certain levels of BTC accumulation.

It will be a fair time for an investor who considers to sell after 8 years (2 cycles] because by then he must have made a lot of accumulations and decides to take profits from his investments so it all depends on the time target of the investor and if he has succeeded in owning a huge stash of bitcoins in his portfolio.
        Any early investor who sold their Bitcoins in the past and are willing to start all over again to make accumulations I don't think they have to feel bad about their wrong decisions years back again they should just accept the current price and make sure they don't repeat the mistakes of the past anymore and allow their investments to grow for a long time before thinking of selling.
         Even if the higher percentage of the world is not hodling, it is the duty of those who have heard about Bitcoin to exonerate themselves from the majority that are not hodling and make sure they take proactive measures that will strengthen their investments in Bitcoin and forget about those who are still making mistakes of the past, of course those that don't understand the history of the past are doomed to repeat the mistakes of the past so it will be so bad if someone who made bad investments decisions in the past still continue in same mistakes in this modern day that Bitcoin investments have proven to be the best way to wealth creation for those who can be patient enough to reap the dividends of their hodlings.

It will slow you down to the fact that you are waiting for the scenario which is unpredictably happen. Also if there are dumps would came then lots of negative sentiments spread you will provably get affected then afraid to accumulate in that situation. So for people planning to accumulate maybe more better for them to ignore waiting that scenarios since it will never bring any good to them. They are not doing any trades so waiting for dips is really useless.

More ideal is they focus to implement the DCA method the way how they accumulate since this will give them more better realistic result. This has been discussed for many times so hopefully aside for learning the basic things needed to do at early part of their accumulation, they also know how to execute well so that there will be no other disturbance will come up on their minds. Lastly much better for people to ignore trading since volatility of the market is so harsh for people who doesn't have patience so people must avoid it to avoid losses.

Waiting for the dip is like you are going on a journey by bus to a bitcoin city which you don't know when you will get there, and some people are already half way of their journey to Bitcoin city and you are left with three buses. Bus A, B, and C. You are on the bustop and Bus A is the dip, you were there at the bus stop when Bus A came to pick passengers to that are going to the same state that you are going to, instead of you entering, you say that the price is too expensive and it got filled up and left. Immediately Bus B came which the price is just few dollars higher than Bus A, but you refuse to enter and decided to still be waiting for Bus A that is on his way to Bitcoin city which you don't know when it will get to there and come back to pick you up.

Bus C came and you are still less concerned about going because the price is still not the same with Bus A. Before you know it, you will sleep at the bus stop for many days which you don't even know if Bus A will come back or not. And those people that entered Bus A, B and C have covered some part of their journey to bitcoin city, and you are still there waiting until you will get tired and use your transport for something else because you need to eat while you are waiting. All the people at the bustop with you who are also going to bitcoin city joined the three buses but you choose not to join them because you wanted a cheaper bus fare, you might end up not reaching bitcoin city in your life because you took those buses opportunities for granted.

Getting started with your bitcoin investment as a new investor is what will make you have a good bitcoin size, when you are on strictly DCA with commitment for la very long time than who is waiting for the dip because he might end up being a low coiner when he is no longer able to accumulate more bitcoin due to old age.

You are right, experience is a great teacher, nonetheless, free things such as tutorials, speeches in podcasts, or books could be as good as or even better than paying for a mentor. However, getting a good mentor is valuable since he or she will be assigned to guide, monitor, and support the person being mentored.

As you rightly pointed out, the issue is to achieve balance. Some of them may like studying by themselves, while some of them depend on individual help. Mentoring can be done freely, charged or fully paid meaning paid mentors come with the advantage of giving individual advice and have a stake in the mentee’s success but of course this comes with some cost.

In the end, the goal is to discover what would serve each person well, whether it is using the websites and the free apps or enlisted assisting via paid professionals or learning on the job. And you’re correct, for every man has his own proportions and an idea of how much time he is ready to spend for his personal and professional development.

Adding some info to the ongoing discussions about different strategies with a real life example.

I came into some extra funds 3 months ago, instead of lump summing it I spread it out over my weekly DCA's for the last 3 months. The last DCA plays out next week.

Last week I came into some more extra funds, I changed my strategy for this slightly. I lump sum bought 20%, i have laddered buys with another 20% and then spread the 60% left into my weekly DCA's. If the laddered buys dont get filled in the next two months I will shift them into either increasing the DCA amounts or doing a lump sum buy.

The reason I changed my strategy is that i think(i dont know) that it will be a bit more volatile over next two months than it was over the last 3 months. I think there will be a few wildish swings but over all we will be going up. So the 20% ladder buys is there to account for that. Worst case I have to buy at a higher price later on.

The price was nice when I lumped in, so happy with that 20% in. It could of course go down too, so the ladders are there as a a bit of a hedge. The DCA what can I say you all know what it is, how to do it, and why we do it

Keep Stacking!!

Waiting for the dip before accumulating Bitcoin will really delay or slow down your Bitcoin accumulation journey it simply means that if the price of Bitcoin doesn't dip you won't be able to accumulate Bitcoin which is a wrong approach in term of accumulating Bitcoin because you won't have enough Bitcoin stack but with the continue use of the your DCA strategy you can accumulate more Bitcoin regardless of the price level either weekly or monthly and hodl for long with your discretionary income available rather than waiting for the dip in price before accumulating Bitcoin.

Yeah that 9 factory by sir JayJuanGee was actually a big help to me too had to take my time to go through it , so is highly recommended for anyone that's new to bitcoin, especially those that want to engage in long-term holding in bitcoin. Because is due to not having good guide or knowledge that's most people most time endup Messing up with their investment (bitcoin). I was once like that going into this space without any proper guidance or knowledge. I endup with countless losses as a trader but now I'm more of a holder ( long-term Investor) than a trader.

Well we have been saying that one don't need any complex knowledge to start accumulating bitcoin which is true, but as time goes he or she is going to need some good knowledge about Bitcoin in order to keep their bitcoin investment moving smoothly.

As the matter of fact I don't even consider that as an excuse to those early investors who sold a large amounts of there Bitcoin then because there is no way you will presume that the reason why they sold there Bitcoin then was because they did not trust Bitcoin, however in that regard there is no how somebody would invest on something they did not trust or believe on, so actually I don't think trust was the reason why they choose to sell there Bitcoin, however the only way we can justify their reason is that during those days most of those people does not really understand the importance of holding so instead they were more focus on collecting the small profit they saw on there investment, however in as much as we are emphasizing on this case let us  not generalize it because there are also investors from those days that are  still holding till now.

You are right if they implement DCA purchasing and why should they wait. In long-term implementation, of course there is no waiting at any purchasing stage, there doesn't have to be any reason, if it is due, we have to execute it. That is the application that can be said to be focused on DCA. Moreover, for long term planning, of course we need to make as many purchases as possible every week, so if they wait, they are probably not implementing DCA.

The reason is quite simple why they regret it later because they missed many opportunities to buy and that's all because they waited long enough. I'm bored of waiting because if next week it's the umpteenth buying stage then I keep buying and I look at the portfolio after that where my BTC holdings continue to increase.

One of the things that led to the recent increase in the price of Bitcoin is because more investors are coming in to invest in Bitcoin and there has been some major inflow  which resulted to increase in the market capitalization of Bitcoin so the demand is becoming high and so also the supply and the media is also a contributing factor because the news of Bitcoin is now becoming more noticed in social media platforms and other mediums through which the information of Bitcoin circulates across the globe.

Most people are well enlightened about Bitcoin now unlike the early investors that sold most of their hodling, majority of investors are now seeing the need to HODL their Bitcoin without selling or withdrawing so all this steps is what has aided the price of Bitcoin to experience some increase for about a week now.

Waiting? Until what price are you waiting for especially with the current condition of the bitcoin price which is still in a positive trend will make you wait longer for the desired price so I don't think this is a wise choice to do at this time.

It is not wrong if you are ready for the risk when you are left behind when the price returns much higher and waits longer because with the bearish that has occurred in the previous few years and for a long time where the decline in 2020 even until 2023 so I think it will be a little difficult to wait in a situation that is in an upward trend for a while.

It will be more worth it if you keep buying while you can without seeing the price that is happening now because after all when the price shrinks again then it will not be a problem because our focus is long-term and we also will not miss the moment where we have to be tired of waiting uncertainly because when you expect bitcoin to go down then it could happen the opposite where bitcoin accelerates further than now.
Just relying on waiting alone will not make you more comfortable in the end so try to take action instead of just continuing to wait for something that is not sure to happen.

Well I will say that bitcoin quick recovered from the recent dip we saw earlier this month was because the investors we have right now, are very much more enlighten and aware about bitcoin investment and the manipulations that usually happens. As the years are going bye investors are getting smarter and being fully aware that bitcoin is a limited asset and shouldn't be discarded cheaply. So people are now holding firm and are not moved to dispose their assets irrespective of the negative news that might be affecting bitcoin temporarily. It is no longer the same as with the early investors who were always terrified whenever there is any negative news about bitcoin, that alway prompt them to start panic selling. I believe that investors holding firm to their bitcoin without the urge to sell was really instrumental to bitcoin quick recovery to it current price.

Both of us seem to be suggesting that learning comes from experience, and personally, I am not even suggesting that people are going to learn and the same rate. Some people learn faster and might even have had better and more interesting experiences in their lives prior to getting into bitcoin, and frequently if we try to be in touch with our limitations we might be able to experiment and also to try to make sure that we are learning from our mistakes rather than making similar mistakes over and over, since sometimes it can be difficult to even know the extent of our mistakes and some practices might not be the right practices.  Sometimes we might get overly focused on short-term profits, lack of profits or even losses that we have, but then we also might learn that getting too focused on short-term might not be to our advantage if we are accumulating bitcoin and we are early in the process of BTC accumulation, we may well not be in profits, and it may well not even be very important if we are in profits. Sometimes it might be better that we are not in profits in the beginning, since in the beginning we should be accumulating BTC, which can take one or two cycles to get to a really good place with our BTC accumulation, depending on the level that we are able to make our disposable income - which also sometimes young people might be attending school (university) and training in various ways so they might not be in as good of a position to increase their disposable income and to invest into bitcoin, so they have to find a balance in their investment that is comfortable for them.

Experience may be more important than a mentor, yet the idea of a mentor is to get advice and guidance, yet sometimes the free sources are as good as the paid sources, yet guys have to figure out their balances in that too, since one of the selling points of a paid mentor is that they will specifically focus on helping in a way to cause a belief that their services were worth it.


I doubt that anyone here is suggesting that it is a good idea to wait for a dip, especially if you are expecting below $50k that might not happen (and surely seems like a long shot, in spite of what a lot of pundits are proclaiming), and we don't know if any dip will happen.  A lot of guys here have already responded to your seeming pie in the sky ideas about waiting to be a good strategy, which seems quite off, absent some kind of context to explain why waiting would be preferable to just buying, even if the BTC price might dip further, then just buy more.

So, as already mentioned to you (or in response to your post) those who wait for a dip would likely have had either already prepared for up buy buying regularly, buying recently or just had a decent amount of front loading of their BTC purchases.  Anyone newer to bitcoin, and maybe even in their first cycle, may well not be advantaged at all to apply a waiting strategy now or at any point in their first 4 years or so.. .. DCA also is not a waiting strategy... and I tend to recommend buying every week for the DCA'rs unless their cash flow does not make weekly buying easy... so the waiting and the structuring for newbie investors is mostly structured around cashflow dynamics rather than expectations of price movements, even though surely between every week, if a person is buying every week, there might be some a attempts to buy dips during the week, but there still might need to be a deadline to buy at a certain point in the week whether the price had dipped or not and then presumptively after that weekly buy had been made, the BTC buying allowance amount for the next week would soon thereafter come available. 


I would not necessarily suggest to completely ignore the news, yet frequently the news and the various happenings that might even relate to bitcoin, are not necessarily going to affect your BTC accumulation strategy, since the short term news events likely should not affect the strength of your bitcoin conviction or bitcoin's investment thesis, yet if you might not really be very sure why you are invested in bitcoin in the first place, you might end up getting overly influenced by various short  term happenings (such as news events that may or may not be very relevant)..

Many of us likely realize that some of the most relevant pieces of information to affect your bitcoin investment approach relate to your cashflow and your discretionary income and the various ways that you are creating back up cash systems for yourself that helps you to determine your level of aggressiveness, and surely you miight already have some built in ideas about how much bitcoin that you are buying every week no matter what and how much money you might put on the side for potential dips, and you don't even necessarily need to put any money on the side for dips, yet some guys will feel better to have a bit of extra money on the side and other guys just consider their weekly DCA amounts to be sufficient for also buying dips.  There is no exact correct answer regarding if you should completely lean one way or another or to allow the news to affect you at all in terms of some buying bitcoin systems that you might already have in place and if you end up deviating too much from your existing systems, you might realize that you made a mistake or that you ended up gambling which may or may not end up paying off in the long term or sometimes you make some changes, and then you realize that what you did might not have made any big difference, but going through the process of making some of you changes (perhaps even small tweaks to your already existing system) might have helped you do learn about how to approach the matters in the future.

Part of the point would be to attempt to stay focused on your various systems and goals, and sure, maybe some current events might cause you to tweak a little bit, but you may also have to realize that if you tweak too much then you might have had been better off to just stick with your already existing system since some tweaks might increase your risk or cause you to be gambling more than investing.. and it is not always clear when you might have had crossed over such lines and you might not realize until later that you had made such a mistake (or overreach of your own personal resources, whether financial or psychology or both).


Part of the dilemma in ongoing aggressive DCA is that you are not going to end up having extra money to buy the dips, so there is always a bit of a balance between buying and waiting when you choose to hold back some of your fiat to hold in reserves for buying on potential dips.  there is no right answer regarding the right strategy, except perhaps the newer (earlier) that you are in your bitcoin accumulation journey the more likely you should be just erroring on the side of DCAing and accumulating regularly rather than waiting or holding back much if any value.. yet that remains a judgement call..and sometimes you will have regrets when you don't balance very well, yet a lot of times newbies have regrets even though they should not necessarily have regrets since everything you do can have trade offs and you don't necessarily see or recognize the tradeoffs until after the BTC price has moved, yet part of the DCA strategy helps to get price moves out of your head since they are really difficult to predict, especially short term price moves and especially there are a lot of folks telling you which way they are going to move and those people are not tending to be as correct as they might present themselves as being.

Do we need to continue bothering about the past, why not focus on the present. Same way back then people neglected the option of being part of the Bitcoin market same a lot of people currently are depriving themselves that opportunity. Yes, 14 -15 years ago the price of Bitcoin was far lower compared to today's entry price for any investor but we need to also reconsider that in the next 15 years from now, there will be a huge difference from the current price of Bitcoin and then.

The worst will be missing out on these opportunities and not investing. Considering an easy access to Bitcoin, Bitcoin investment has already been strategies into separate approaches to accumulate conveniently which reduces the stress of looking at the current price too big and less possible to hold good portions in our portfolio.