Topic: Buy the DIP, and HODL! - page 105. (Read 109721 times)

I see no reason why you should be angry about what JayJuanGee said to you; you are not the first person JayJuanGee has corrected on this thread or other threads about using crypto when you refer to bitcoin. Even though you made a mistake and someone else corrected you, JayJuanGee will still air his view on the matter so that you will be properly guided to know what to say when you are in such a situation again. JayJuanGee has corrected me on several occasions, even when other users have done that, and it has helped me to become a better person on this forum and increased my knowledge about bitcoin. 

@Briankimp1 the fastest way to learn is to listen attentively, take correction, work on yourself expecially dealing with emotion and self control. Whoever that want to succeed in life doesn't argue alot, rather swallow their pride and learn what they don't know. If everyone here claim to be Smarter than others we wouldn't have learnt what we know today. Surely I can see you are leeding a lonely part. Though JJG's speech may sound aggressive but I believe it's due to your insistence on using the word crypto instead of bitcoin. I think every thread has it role to play and it also has the right terms used. so any other words used here may be misleeding. This whole thing should not cause buzzing around here, it is often said that "when you go to Rome behave like the Roman". Our aim here is to accumulate bitcoin for as long as we have in mind and educate more people whom are interested to accumulate and HODl, not the other way round. Let's not be agresive because it can be misleeding.

If small time investor think that DCA is not for them because they only have small amount of money to use then maybe they should think about it again. Since they could start at what amount they could able to use since investment sizes will depends on the capabilities of people. But for sure those balances will grow especially if those people became a consistent investor and apply the DCA method so well on their investment.

What's important for people to consider is how much they could spend since its fine to start slow and they should not get ashamed with that since once they learn a lot of things then also earning good money from other activities they discovered then for sure that there would be a good investment addition will happen since they know that what they are doing is so good for their future. Also proper preparation is really important so they can sort all of things and be ready for anything challenges that might possible to occur.

Those words are meant to make you grow a thicker skin and not seeing it as a degrading comments, in one way or the other alot of us has been criticized but that doesn't change who you are or who you are to become, learn the lessons and forget about how the lessons was taught be  wise my friend, A good shepherd doesn't allow his sheep to get lost but he will rather protect them within his ability.
This is a forum, criticisms and corrections are inevitable and it is not new and what should be most important to you is to learn the lessons and move, don't panic as panicking will only make you to end up making more mistakes.

I think a better way to learn faster is when one sees criticism as a way of correction and not a way of insult, though some persons may see it as insult, you might see those words as insult but I think is not, is just a way of letting you know the right thing to do, or the right way to follow on how you can be able to do well concerning your Bitcoin investment journey, you should have learn from it and then move on.

Very true. DCA method is not necessarily attached to certain factors such as time of high or low. It's done at any point where you have the funds to buy with. The idea of DCA is actually investing planned or same amount consistently, which would help to balance all purchase price overtime. By investing more or less, there is actually a deviation from the original concept of DCA. Buying too much at a higher point would definitely increase the average buying amount and can only be balance when we do thesame as buying at a lower price.

Using DCA strategy doesn't necessarily mean that your average buying would reduce over time or increase, it all depends on how you do it, like buying too much with DCA at very high points of the market would increase your average buying amount and to balance that out you also need to buy more at lower prices too, so it all depends on the buyer, while we are all preparing for up we should also consider to start keeping some extra cash incase of any dip that might occur and we dont know what to expect next, so it's good we plan both side and keep our heads low on expectations.

Obviously I can see you woke up this morning and chose violence, I believe you saw the apology I gave after making an honest mistake leaving my post a bit confusing.

Despite reading my apology you still chose to hurl several insulting words at me, I don’t blame you though Mr high and mighty stuck up human, You were someone I looked up to as so many others here but not anymore you can keep your degrading comments to yourself.
I rather listen to simple understanding people than online bullies like yourself.

Exactly, that why most time I always wish that I started accumulating bitcoin when I was new to this space , instead spent most time trading random shitcoins. Well but now is all good have gotten some cool knowledge on how to followup with accumulation and DCAing is one of them . After learning those cool stuff I can see some nice changes in my accummulation and a better one at that .

I can hold without any fear of the dip , because if any occurs I will just purchase it like this recent dip that just took place a day back . I just it to addup to my accummulation. One thing about this space is to grab any opportunity you had and use it to your advantage expecially when comes to accummulating Bitcoin.

Every DCA strategy and the idea of ​​depositing bitcoins with it is groundbreaking for every period. New investors like to wait for dips but for them the DCA concept is going to be very exciting as it increases the stack of Bitcoins over time and by buying every month or week regardless of the price. You can increase your deposit amount when your floating point amount is high. New investors or depositors should prefer to keep their Bitcoin holdings high on the list as it is on the verge of another ATH touch and may cross $100K within this year. One of the most notable features of the DCA strategy is that it shows the unit price average of Bitcoins over the course of the year by purchasing multiple time periods, which gradually decrease over time and the stack size increases.

I thought the same thing when bitcoin broke to $72k. Let's watch and wait patiently as bitcoin keeps surprising us. I like the idea of changing the name of this thread. Even though we have told newbies not to time the market, they should accumulate bitcoin with the DCA strategy so that they can accumulate bitcoin anytime their money is readily available to be able to have a reasonable quantity of bitcoin in their possession. Some newbies will not listen; they will go ahead and buy the dip. Since there is no buy-the-dip in the new name of this thread, it will also guide newbies not to be concerned with buying the bitcoin dip. Thanks for the new name, @Wind_FURY. 

I don't deny that bitcoin is having a better growth rate than gold, it offers higher returns than gold and that's why most of us choose bitcoin over gold. But did you realize that bitcoin's profits are getting smaller over time? In past bull seasons, bitcoin could increase by 10,000% or more but in recent years bitcoin has only been able to deliver 500%-700% returns and I believe the returns will be even smaller as the capitalization of Bitcoin is getting bigger and bigger. And will you continue to invest in bitcoin 30 years from now if it no longer offers high returns? Because with bitcoin's capitalization increasing, it is inevitable that it will become more and more stable.

So instead of focusing too much on price, we should also consider factors like bitcoin's utility and use cases. In addition to the fact that bitcoin brings better profits than gold, it is clear that bitcoin provides us with many superior utilities than gold such as privacy, ease of storage and transportation...we can even use bitcoin as an investment and use bitcoin for online payments...
I think people who care too much about the price and ignore the use cases, at some point they will leave bitcoin when it becomes stable and no longer gives them great profits.
Of course, profit is what I care about most right now, but I will not ignore the benefits that bitcoin brings and that is why I firmly believe that even when bitcoin becomes more stable, it will still be the better choose than gold.


In 2019, when he was president, Trump declared he was not interested in bitcoin, but 5 years have passed and I hope he has really changed his opinion about bitcoin after learning about it. But I also won't eliminate the suspicion that it's just because he's on the campaign trail and what he wants is more votes. What he is doing is just to get votes from bitcoin investors. So don't be so quick to believe what politicians say and always doubt what they say.

Why comparing shitcoin with bitcoin. Shitcoin has little or no value at all, it stands in for different cryptocurrencies that does not have a clearer purpose for existence, which at normally is base on hype and speculations ,while Bitcoin is a digital money valueable asset  that can be stored and accumulated for a long-term to yield profit, it is a store value that cannot be compared to any. You need to understand their difference so that you will be able to take the right decision,but when confused, feel free to share for a better understanding from those that understands more better.

All of this is because the supply level is limited and also because bitcoin has special features in everything in this modern world. In today world, of course people are getting smarter at turning over money to get lots of benefits. If we had known Bitcoin earlier and had in-depth knowledge, of course we would have become millionaires by now. But we are not too late to do it again, which means now we should be able to take advantage of the time to continue buying bitcoin and not have any thoughts about selling it.

In comparing the price spikes of gold or bitcoin, of course these two assets have quite a big difference because bitcoin has experienced quite a high increase since it was launched by satoshi but gold upward movement is quite slow. So, I also agree with you that in the next 30 years, all people will prefer Bitcoin as their main choice in investing. Just look at Trump, he is someone who understands the progress of the era and now he has received donations in BTC for his campaign funds. Yes, this indicates that the bitcoin era has become the right choice in all fields in the real world, such as politics or so on, that is progress that cannot be stopped. It's better to buy today than to keep postponing, take advantage of the time to keep buying.

The only mistake an investor could think of making while building their investment portfolio is when they try to track or time the dip as you mentioned. All this is not so necessary as you mentioned because it doesn’t give a good profit in return as a 4-10 years or beyond could give an investor, secondly I don’t think a 2 years investment can give a good profit as you mentioned but depends on the kind of investor we’re talking about. The whole idea about DCA is good and an investor can accumulate using DCA throughout their journey like when Frankolala mentioned about using another strategy after 2 years I basically think strategy should not be the problem because people now think of using different kinds of strategy even when it’s not right for example selling everything to accumulate during the dip can be classified as a bad strategy but people still go ahead all in the name of using a different strategy, use the perfect strategy that can work perfectly fine during the long run. In summary what I’m trying to say is when it’s time for the dip you buy and hold you don’t have to wait or sell everything and wait for another dip, just imagine starting another journey all over again and I don’t like the idea of starting afresh.

It appears that @Briankimp1 is visiting this thread discussion for the first time which is why he is using the word cryptocurrency which is a generalization of all altcoins and bitcoin together but in this regard we are focused on bitcoin as a leading cryptocurrency which is reliable for a long term investment for investors, unlike altcoins that are projects not good for investment whether short or long.  But bitcoin is basically profitable in a long term investment that is why the DCA strategy comes in handy in accumulating for the long.

If you are a small size of portfolio or you just started your bitcoin journey, there is no need to thinking of selling, and there is no specific time to buy. You are to buy constantly whether the price of bitcoin is dipping or pumping, in order for you to keep growing your bitcoin portfolio. DCA gives you that chances to buy bitcoin at different price level and that is why a new beginner should use DCA to stack up his bag.

It is when you have reached your bitcoin target and you feel that you have enough Bitcoin, you can sell a little part that will not affect your portfolio size. The best time to sell by then is in the bull run, but from what I have understand, if an investor was able to accumulate bitcoin for 16yrs, if he sells at the dip, he will still be in profit. This is because his average bitcoin price of his portfolio will still be in profit, because the dip price of bitcoin when he wants to sell will be higher than what he bought way back and also the compounding value will make him not to be in loss.

I see what your trying to do. We are so close to achieving a new ATH. I guess your one investor that is anticipating it just like me. However your speculation is quite good but i will disagree with you that we will get t see a new ATH today or tomorrow. I am expecting it by next week. We many be close to the ATH this week, which means Bitcoin needs to do some consolidation before moving to the new ATH and during next week that is when we should be expecting it. Meanwhile this is my own speculation it may be true or not and you may as well be true or not on yours.

Surely i like the new title of the thread. Instead of people contradicting the name Buy the Dip Hold. It make them to wait for the dip and we've been so many argument concerning that point. Buying and Holding is straight forward anyone jumping into the thread can relate because the theme is clear.

You are right and I will like to add by saying Everything that has advantages also has disadvantages, and the truth about anything someone wants to do And that is why we need knowledge to know more about their advantages and disadvantages. As for me, after my research, I think that holding Bitcoin for a long period of time is more advantageous than disadvantageous, and when they talk of holding Bitcoin for a long period of time, I don't think they are suggesting just hodling it for less than four years before halving, which always occurs every four years. I believe when they suggest holding for a long period of time, they are suggesting holding for more than four years so you can witness one more bull run.
 
Assuming you have been holding Bitcoin for over 12 years now, will you be making a good profit or not? Surely you will make a good profit. So when you hear people say hold for a long time, it does not mean years short, like two or three or less. You need to do your research and know the reason why they are saying that. The bull run is among the reasons why people are suggesting that holding Bitcoin for a long period is the best because that is when the price always moves higher.The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.

In the future, this could indeed happen, especially as this world will definitely continue to advance into a more modern era. So it is natural that Bitcoin is the asset that many people choose compared to gold. Because investing in bitcoin is much more practical than investing in gold. Apart from that, the advantage of investing in bitcoin is that it also makes it easier for investors to carry assets anywhere, as long as they remember the wallet phrase. This is different from gold which has a physical form, and of course transporting the asset will be much more difficult, if for example the investor moves. Of course, very tight security is needed so that the gold to be transferred can be safe. Although it is true, gold investment can also be done virtually and without carrying it in physical form. But still, it doesn't feel convincing.

Apart from that, gold also has quite slow price growth. This is different from Bitcoin, which experiences quite significant price growth every year. For example, this year Bitcoin reached ATH again. This gives us a clear conclusion that bitcoin has a very rapid price growth. So if, for example, we keep bitcoin for a period of 10-15 years, the profits we get will definitely be many times greater.

So it is natural that 5 or 10 years from now people will change direction from gold to bitcoin in terms of investment.