Topic: Buy the DIP, and HODL! - page 110. (Read 109704 times)

The ath is pretty close to being reached as today's price is $70k and the previous Ath was $73k. I am quite optimistic that June will see an impressive rally to see a more significant increase in bitcoin prices. So if you ask what I did in February, March and April of course I did 3 options to increase my BTC holdings.
First I set reserve funds in several entries above $56k and in fact almost all of the buying entries I placed were hit, aka I got opportunities at times.
Second, I relatively buy dips when corrections occur and this continues to go hand in hand with the DCA strategy every week.

You are certainly happy to see the price of Bitcoin continuing to rise and I feel the same way. But in this case I am still not satisfied with my BTC holdings, meaning I will continue to make new entries starting from $40k and above with a nominal amount that I may have to keep secret. Apart from that, if we refer to the recent increase, of course there are many positive issues encouraging the increase in Bitcoin prices, such as Trump accepting BTC donations for campaign funds in the upcoming election.

I don’t think I understand why people compare trading and holding, although trading is different and with what you explained you’re actually referring to trade because trading needs a different strategy with all kind of risk involved, it’s more better to say people trade not knowing what trading is all about and end with loss not investing. Aside the trade drama we read a lot here despite knowing the fact this thread is not about trade, no investor will invest without knowing the basic knowledge and I believe one of the basic knowledge every newly investor will learn about bitcoin investment is a long term investment plan and secured portfolio, as there’s this saying no knowledge is wasted likewise bitcoin knowledge. When referring to the basic knowledge about bitcoin we must understand when acquiring this knowledge we must not take forever before we start buying bitcoin. I feel the need emphasizing on this issue when most people state that a newbie must gain enough knowledge before starting as it’s considered as being dull from my opinion, tracking bitcoin market is not necessary for a newbie and honestly speaking I personally don’t track bitcoin market as my view is channelled to accumulating and any newly investor should focus more on their accumulation process and holding bitcoin or rather tracking bitcoin market is common with traders not holders.

Well said, everyone is entitled to there own opinion and choose in any form to go about there Bitcoin portfolio. The end game is profit, but also the end game can be regret after profit, we choose to hold long term because the yield cannot be compared to those who were present for short term without accumulating any considerable stash of Bitcoin. The end game for me is to continually invest in Bitcoin, reaching a maturity stage were I can be selling off anytime and still have more left, still accumulating too. Short term is never guaranteed or will it be a good approach, I know there are individuals or firms who accumulate in bulk, they can choose to sell anytime but would always have a reserve for long run.

You are correct.
However A lot of bitcoin investors mount unnecessary pressure on themselves for no reason. The reason we hold our coins is to make profits, if an investor feels that the value of his investment has appreciated and wishes to withdraw his investment with the profit, there is absolutely nothing wrong with it. He needed profits, he sold his coins when the price was high and he got what he wanted. How long you hold your coins is not a standard to know who is a better investor or not.

Not all investors in the bitcoin family have same goal, while some have short term goals, others have long term goals. In both, the aim is to make profits though with different approaches. Not all will hodl for long but they will still enjoy the benefits of bitcoin. Those who put themselves under pressure to invest like the next person with a totally different goal might not enjoy their investments. Buy when the price is low and sell when the price is high, that is the golden rule.

Those that trade in Bitcoin only strive for lower profits because there aim is for short term plan and the risk involve in trading Bitcoin is much. For it better to accumulate Bitcoin and hodl for a longer time and to trade for mere pinunt, for our main concern here is how an investor can be able to accumulate more Bitcoin and hodl using the DCA method which will help accumulate more Bitcoin in different interval weekly or monthly after setting aside your emergency, reserve, and float fund just incase any unforeseen problem may arise one won't think of selling out his or her Bitcoin hodling , for Bitcoin is more profitable in the future when sighted for long term and not to be tradable for mere pinunt.

Today we see Bitcoin going over 70k, we have been on a sideway run from the start of March to now. We saw a new ATH $73794 on 14 Mar, and have also seen some dips along the way. Anyone care to state how close they got to the dips over this period?

(Bitstamp USD$ prices on the daily chart)

20 Mar $60,760
17 Apr $59,629
01 May $56,500

From my own DCA data, looking at the lowest cost price around/near/on those dates I got corn at these prices:

March $62,000
April $62,050
May $57,033

I didnt do any dip buying, but did triple my dca amounts from May. How did you all do dca or dip?

I mostly agree with this but in most types of trading (outside of crypto currency) fundamental information about the asset is much more important/valuable than mathematical models or technical analysis. With bitcoin, however, the market is extremely inefficient so both methods really aren't very reliable. The best way to trade bitcoin is to look at its fundamental value and decide whether or not you think it will rise or fall long term (like 10+ years out), and make decisions based on that. You can trade around your position using technical info, but your best bet is to hold long term if you are bullish.

Almost nobody is going to beat the crypto market over a long period of time by making frequent trades based on either technical or fundamental data.

Mate, this thread is not about trading of bitcoin but all about investing with the three strategies which is buying at the dip, DCA and lump sum in order to grow your bitcoin portfolio in a long period of time. So why don't you go to the trading discussion board to discuss about threading as most of us on this discussion are long term hodlers or have plans to invest and build our bitcoin portfolio to a certain level overtime, before we think of selling a little part.

Your advice is not healthy for this thread and you should also know that it is not good to keep your funds in an exchange when investing so we only use exchange to buy and transfer to a cold storage wallet. If you are trading, good luck to you, and let we long term investors share healthy ways to invest in bitcoin and hodli for long in order to be successful. Hodlers don't give a fuck about what exchanges relies on, we only care about buying more bitcoin all the time.

I think he wanted to say the DCA strategy will reduce the average cost of bitcoin and control the volatile part of bitcoin in our bitcoin investments. There's no need to explain what the DCA strategy is all about because he already knows how it works. Newbies and long-time investors benefit from dollar cost averaging because it helps them to build their bitcoin investment for a long-term profit, and it also helps newbies and long-time investors to stop chasing after short-term profit.

Saving and day trading on any exchange are two very different jobs and are not related. Because people who like to save Bitcoin will continue to focus on buying demand which sometimes they even forget about the price offer on any exchange. While traders will continue to focus on two analyses that always occur in the market including supply and demand so this must be viewed differently because everyone's desires are always different. However, for conditions like now I think it would be much better to continue to save than to trade it on an exchange, because everyone who still wants to save Bitcoin can still hope for more profit without having to sell it now.

it seams your explanation is a kind of confusing, investing bitcoin in a wrong place ? if what you are trying to say Is that investing in an asset that is less volatile than bitcoin is a wrong investment then you are  right. for now bitcoin is the most volatile assets that needs to be invested before considering other assets. Bitcoin is the top priority for every investor so we should take the accumulation process seriously.

there is no such person. you are mistaken a gambler or trader for an investor. a true investor always have a motive of investing and HODLing for either a short or long period of time. those short time investors may range from 4 -10 years while the long term investors invest and HODl from 10 to 20 or 30 years. so it's only a gambler will jump into trading for a short term profit and fall into investing in some shitcoins and put the blame on bitcoin. some don't even know the meaning of BITCOIN. so next time when talking about Investment I think you should be specific in your analysis or emphasis.

investing in bitcoin don't really need someone to have a master degree or some high school degree, what they need is to have the basic knowledge on Investment, I have said this often times and would not really need to explain often times. but since here is like a Barack where soldiers comes and go and Barack remain thesame, I will still repeat myself since JJG is not tired I will not also be tired of explaining.

investing in bitcoin for a longer time is the main point, but don't include checking the market, because checking the market surely explain that you are a trader, because it's only traders that check the ups and downs of the market.

better for you to invest in bitcoin than shitcoin. not really "sheet coin" as you spell it

I guest you are making more references to Trading than investing in Bitcoin and I don't think it's ideal because it may surely be misleading. even though it is a reference, but it needs to be more of accumulating and HODLing than trading.


not really the amount of bitcoin we have in our portfolio but the amount we have in discretion that can be used to buy Bitcoin on a regular DCA and buying when the price has dipped as a form of dip and HODL.

that's pretty right, he needs to be specific by talking about Bitcoin investment rather than not talking about it as if it has no direction.

Yes mate Bitcoin is not going to zero it is understandable to everyone unless something unusual happens in the world.
Before investing in Bitcoin, you need a steady stream of disposable income that you can continue to accumulate over a long period. @JayJuanGee often advises that Bitcoin can theoretically go to zero, meaning your investment or savings should be such that even if Bitcoin becomes worthless, it won't affect your day-to-day life. Therefore, alongside long-term Bitcoin investments, you must have plenty of floating cash.

Hodling our Bitcoin investment for a longer period of time is most profitable depending on the amount of Bitcoin one has in his portfolio, but you should be specific when talking about coin to hodl  for there are different coin in the crypto market so that some newbie or new investors will not think that you are talking about shitcoins or aitcoins and make them to go an invest in any of the mentioned coin or you want them to go and invest where you know it's not worth Investing in? Instead of Investing in potential coin like Bitcoin, it may even scare new investors that want to invest into Bitcoin to run away thinking is a scam investment because you have mentioned crypto unknowing to them that there is a legit one called Bitcoin because you were not specific about the coin.
For it is good to invest in Bitcoin than investing in coin am not sure of because I know that aitcoins or shitcoins are not always reliable.

Yeah not everyone can do that since not everyone has the same level of patience since for some people fear will always come up first since lots of people are afraid to lose.

Although its understandable but it will be crazy if they didn't take action to learn more about what are those important to consider to succeed on their investment on bitcoin.

Trading maybe out of this since that is just a total destruction and can change their belief towards what they are doing. Since once they lose for sure that their holdings might get affected since there are chance that they will pull out their funds intended to use for long term holding and use that for trading which is bad decision since it give them more risk and there are high chance for them to get broke with that.

Holding is for all but its just people will always choose what they think the easiest way to earn that's why they always collapsed after that and been victimize by scam or lose thru volatility. So to erase this situation better get a good knowledge to know a lot about holding since this could able to give them more better chance to gain something in future.

(Correction please) Next time you say; before you decide to trade and not say before we decide to trade. And again, if you are looking for a place you could learn how to trade, it is wise for you to visit the board for trading because this is not a board that discusses trading. However, we can use trade as an example, but we can't discuss it, or advise someone to go in for trade with Bitcoin in this discussion. If you are going for trade, it means you are not in the long-term investment plans. In this discussion we will discuss how to invest in Bitcoin continuously with the help of the DCA method. When you are into trading, you won't be given the opportunity to buy Bitcoin regularly, because the thing a trader does is to buy if the price is low and sell when it's high, although I don't know about trading, but the little ones I know is that trading Bitcoin doesn't give a trader time and the chance to buy Bitcoin on a regular basis. One good reason why DCA is always recommended to everyone, both beginners and old-time investors, is that they don't need a lot of knowledge to start investing and applying the DCA method to their Bitcoin investment, but a trader needs to learn a lot of things before he/she can start trading and the trader doesn't need to remove his or her eyes from the market (price chart), but in investing, you only need to know how to buy and the best wallet you can store your Bitcoin (that's all) and you can buy then along the line you learn the additional things. There is nothing like applying a strategy called DCA on trading. It's only on investment that one can apply a DCA method. I like the fact that we are taking our time to discuss Bitcoin investment in this discussion because it can help crypto newbies to know the kind of ways they can use to accumulate Bitcoin and hodl for the long run. One can't continue a single trade for months or years without selling, but the DCA method can help you to continue your investing and accumulating for years if your source of income continues bringing money to you. Traders always put their eyes on the market so that they can know when to sell their coins, and the oneiest thing is that they sell everything at one time once the price is reduced. From all the comments above, we can see that investment is better and safer for anyone, and it also works perfectly when we apply the DCA method to it.

It is true that not everyone can hold because holding requires strong hands. However, I disagree about this saying that it should not be kept. If an investor holds bitcoins, especially if an investors hold bitcoin for long term then the holding will not have any negative impact. There is no denying that trading is a profitable business. But even if the experienced people are good at trading, the newbies will not get that opportunity. General investor needs to acquire knowledge on various topics before trading. But there is no question of holding that can be experienced or inexperienced. Everyone can not trade and make profit in this extremely volatile market. However, a holder does not lose in the long term even though nothing is gained in the short term by holding.

Of course you are right. Bitcoin is definitely different from all crypto currencies. But if we use Bitcoin properly we can definitely change our fortune by investing in Bitcoin. If we invest in Bitcoin in wrong place then surely we will not get much profit from that Bitcoin investment so we should be right. Time to use Bitcoin. There are many investors in Bitcoin who do not know much about investing who come to invest in Bitcoin they may not realize that they are too hasty and impatient to invest and risk losses. For him I would say before investing in Bitcoin he must gain enough knowledge about Bitcoin then he should invest in Bitcoin. I myself love to invest in bitcoin but bitcoin investment can definitely change our fortune if we can patiently invest with long term plan and check the market surely this bitcoin will help us to change our fortune very much.  As you said sheet coin is more risky than bitcoin. Of course sheet coins are quite risky to invest in. So I will choose bitcoin over sheet coin or I will suggest someone else to choose bitcoin.

You seem not to really understand the work of DCA because i wonder why you would feel that DCA normally control the average price of Bitcoin, is totally not design for that purpose because DCA just as the name implies is just a strategy and not something that has the power to regulate Bitcoin, however the meaning of DCA is Dollar Cost Average and how it works is that you invest on Bitcoin using a certain amount to accumulate either on the weekly or monthly basis depending on how is suitable for you and is actually good as a begginner because you will not be worried about your Bitcoin investment since is for holding so all you will need is just to keep accumulating consistently.

Based on the bolded part above, bitcoin value is not going to go to zero, this is because from history the price of bitcoin have been increasing overtime, and it has being presume that the odds of bitcoin value going uptrend is higher than down trend, and this is why you see that investors are hodling it for a long term and are also advising new investors to invest in a long term in order for them to benefit from bitcoin in future. This is why you see that institutions and individuals are busy stacking more bitcoin in their portfolio for the future.

The only thing that might make bitcoin price go to zero, which I know that the odds is very slim is if the world is destroyed and therr is nobody in the world anymore to run the network, or a new technology is created that has great potential than Bitcoin, and everybody abandon bitcoin to adopt it, which no one knows how possible this will be.

Basically, Bitcoin is considered to be different from all other cryptocurrencies because of its different acceptance and potential for higher returns for investors. Whereas other crypto shitcoins are mostly hype. Of course shitcoin can expose you to a lot of risk so it should not be held for long. In terms of investing, the value of Bitcoin can fluctuate and fall to zero, but you should aim for a long-term depositing plan. By holding bitcoins you can keep your investment risk level relatively mitigated only for the long term. You can choose short term trading with your hard earned capital which is your freedom but I think long term tending to accumulate bitcoins can be a better plan.
Suppose you buy bitcoins with your lump sum and decide to sell or withdraw during a relatively bearish period and a month or two later in an uptrend. Yes you can definitely make some profit with trading. But that Bitcoin may not bounce back to the downside in the bullish period which is again a long line in your case. But if you have a long term management plan of DCA or lump sum purchase then you can expect more multiples of profit. Holding.