Topic: Buy the DIP, and HODL! - page 122. (Read 142289 times)

In fact, those who wait to buy dips are always missing out on good market opportunities because the times they may have been waiting for never come. Market ups and downs are often unpredictable, and we may not be able to buy precisely at the moment a dip occurs. For those who only want to buy in dip, it is very difficult to buy at the right time.

However, using DCA strategy is always correct as it is the best way to build portfolio gradually. By investing in this medium, the risk to the investor is always low, the short-term upside allows the investor to accumulate more bitcoins and take advantage of all the advantages. But for new investors, market volatility may seem scary at times, but if they decide to continue DCA for a long time with a certain solid plan, and take market dumping as an opportunity, they can hold DCA for a long time without any hindrance. And can greatly increase their portfolio.

If we check the performance of bitcoin over the last decade, you will notice that bitcoin is the most performing asset in terms of ROI. Bitcoin has given a better return than real estate or any other investment that you will think of. Sometimes when I hear people say that they want to take profit from their bitcoin investment and diversify to other investment it baffles me. Does it really make any sense that you are disposing the most performing asset to diversify to other things that can't give you half of what bitcoin will give you if you continue holding bitcoin.

 I will rather stick with bitcoin than diversify to any other investment. As an investor if you think you have gotten enough bitcoin that's enough for you at the moment. It will be best to stack up cash, as diversification. with your bitcoin and cash deposit you are far better off than diversifying to real estate or anything else.

Worry must be thrown away if you want to implement long-term investment. Worry can lead us to make mistakes in the journey of long-term investment. Of course, not all of us have the same thoughts, therefore mental support is needed for beginners who want to run bitcoin investments for the long term. Of course they can start with a small capital while they strengthen their mentality when market changes occur significantly.

The next step that they must have an optimistic mindset to complete their first year with a fixed accumulation every week. Because their consistent level will eliminate their worries. Of course, old investors can also make mistakes, but if they do it for the second time in the investment they make, they fail to learn from their bad experiences.

For this reason, long-term investment requires many strategies that must be arranged early. Planning for cash flow, what percentage can be budgeted so as not to disrupt their economy. Furthermore, they can apply the DCA strategy for initial accumulation until the end of their first year. In the second year, I am sure their confidence will grow to continue holding Bitcoin.

This is why new investors are encouraged to adopt DCA buying practice to limit their fear and give them confidence to continue with their ongoing DCA weekly or monthly always because during the dip, they will also be buying and hodli because they are using part of their discretionary income that they will not be needing for a long period of time. If a new investor doesn't have the believe of bitcoin price potential because he is new to bitcoin, he can start investing with little amount till he has full confidence and believe in bitcoin due to his ongoing learning process, he can then increase the amount that he is using to DCA, instead of not accumulating any bitcoin at a particular time due to fear of price dip.

One thing that I know is that the growth of our bitcoin investment is in our own hands, and if you are waiting to buy for some useless reason and not because you don't have the money to buy bitcoin at that moment, it is the same way that your bitcoin investment will be stagnant and limiting the chance of you getting rich in future with your bitcoin investment.

That's because more experienced investors know the long-term plan for holding Bitcoin. they have enough experience in the past how Bitcoin moves. and maybe that's what novice investors don't have who are still a little afraid or maybe even panic about the downward price movement. because if you monitor the value of your portfolio it will decrease. no wonder those who are still beginners will experience this. I'm sure a better understanding will begin to exist in novice investors when they notice how their investments grow and decline over a certain period. this process also requires understanding from every investor.

Sometimes lack of understanding or poor vision is the cause of such acts from investors especially the newbie investors, the reason why I say this is because some newbie investor don't really see the full potential of Bitcoin as a progressive assets despite the Dips and bearish markets, if you are an investor and you know the insight of Bitcoin being an assets that is continually growing up as the years passes then you wouldn't even think of the Dip or bearish period as a setback.

Just imagine as a newbie you started your investment early this year where the price of Bitcoin touched $70k+ as per market price and you are now seeing the price somewhere around $55k definitely if you don't have the vision to understand that this isn't a setback you would definitely be discouraged but the truth is that continually buying through this period will help you a lot and only few persons know this because by the time you continue buying and let's say four or five past and Bitcoin hit another high target maybe up to even $150k you would be the one smiling at that period because no matter the up's and down in Bitcoin market price there is always this fact that everyone needs to get to their skull which is the fact that Bitcoin is never going back to the price of 2009,10,11,12,13, or 14. The price is always pushing further even though it takes four to five years to do that , the end result is that it will definitely hit another ATH so what you as an investor should be doing is to continually Staking up and forget about the DIP and BEAR market as the price is always going to get GREEN in the future.

Now there are many investors who have thought more wisely when they see the decline in the price of Bitcoin in the market, so that most Bitcoin investors today are no longer waiting by stepping back, but they are more courageous to continue to move forward by buying more Bitcoin as long as they still have new capital to do so when they see a price drop. But for new investors in Bitcoin, maybe they still have a little fear to continue when they see a price drop because they are still not used to it, but over time those who are new to Bitcoin as investors will also start to get used to it and will have the courage to make a step forward as you said.

the thing with them is that when the market goes down, they expect it to go further down and then further down till the point they feel well positioned to buy. That's just topical of a procrastinators strategy, always waiting for the best time to buy that never comes at the end of the day and then they give excuses when the market bounces back that it's too high to buy. Truth is that waiting for the best point before buying is a strategy that's not for at least 70% of Bitcoin investors who don't have enough resource to use that sort of strategy. The same way bulls don't last forever it's also the same thing that happens when there's market correction. There's certainly going to be a rebound and trying to wait will only delay you in most cases and won't place you at a better profit.

The whole issue of having to wait for the market to become more favourable or trying to understand if you should buy at the current price because you feel that the DIP won't go further than it currently his will be totally insignificant if one is buying with the DCA method. Volatility is 💯 going to always be a part of the market and wether you invest now or wait for the next week to buy, you're still going to buy at some range of prices that related to holding your Bitcoin for 8 years upward will likely be insignificant considering the possibility of the price Bitcoin would have attained by then.

Even though analyst tries to predict market condition, the market is on an average look very unpredictable and you can't really tell when to expect a dip and can't also tell the extent the DIP will go but if you've fixed an amount that goes into weekly or monthly DCA, you're certain that you're going to accumulate chunks of Bitcoin that on an average, you will still be in good profit as long as you're investing for the long term

We have to appreciate the fact that people have different targets when it comes to their Bitcoin holding. Some might target to hold 10BTC whereas some might dream to own just 1BTC, these things are not fixed values and depends largely on the individuals and also influenced by the demographics. So, any individual that decided to diversify his investment is probably satisfied with his Bitcoin holding even though it may not seem too big for you.

Diversification is not really something bad because people diversify for various reasons such as pursuing a passion. Personally, I would want to venture into farming at later time in my life, that is my passion so when that time comes, irrespective of the quantity of Bitcoin in my portfolio, I will pursuing that passion. I'm being aggressive in building my Bitcoin portfolio now because that is the stage I am now and when the point of me going into farming comes, a greater percentage of my funds will be channeled into farming. Everything is all about planning and personal ambition.

The sky is not always clear, there are times when the Bitcoin market suffers and falls, it's just that, Investors don't know when that will happen. Some investors think that when a downturn occurs, the best thing to do is to take a step back and wait. However, this is a wrong assumption, as Bearish conditions are the best time to increase your portfolio and get more Bitcoin for the next market cycle.

Of course we can mention altcoin when we want to give example of short-term investment that has impractical end, newbies or intending investors should be targeted audience that are supposed to be put through on this, old folk here already know what altcoin is capable of doing to their investment plan and that's why I think that any old folks going that lane already knows what's at stake so anything that happens along the line he /she should be bear it, they newbies need to know that altcoin and shitcoins are not good for investment and thats why we need to continue stressing on it but not the other way round, am always concerned about new investors because they hear and see different things from the social media by influencers and the only way we can help many of them to reshape their mindset towards what they have believed already is to keep sounding it if the need arises.

Buddy you don't say fuck them because most people don't even know what they want, they only concentrate in quick money stuff that may not end the way they planned it, also some people are so dumb to the extent that they can't differentiate between a trusted and untrusted investment, these set of people just concentrate on wanting to make money without considering whats involved, as far as digital asset is concerned, bitcoin remains the only asset that has potential of benfiting its investors if they abide by the rules and the process of achieving the long-term goals,

When I hear people talk about diversification I laugh, although am not against diversification but it would have been better for some people not to deceive themselves by talking about diversification when they already know that they don't have enough Bitcoin in their portfolio, instead of saying they want quick they keep confusing themselves, if people must  diversify, I think it should be when they are sure that they are satisfied with their hodlings and they should diversify to meaningful assets not some shit kind of stuff.

If you are using DCA strategy for investing then why wait for dip period like a fool. Buying Dip may not be easy for those who are just starting Bitcoin investment i.e. new investors. Also, waiting for a dip period in the market is also unwise, there are some investors whose main goal is to buy bitcoins during the dip period i.e. they want to buy more bitcoins at low prices. But the time they wait for does not happen in the regular market and hence they are not able to invest. But they had ample opportunity to buy bitcoins at any given moment in the market.

Dips are unpredictable, so instead of waiting for this period to invest, one should set a fixed source of income and prepare to buy bitcoins immediately i.e. buy bitcoins continuously and prepare to prolong Holding. By buying Bitcoin regularly you can take advantage of any time in any market.

We know that Bitcoin investment is optional for people to choose whether they want or not but don't you think that seeing a beginners who is making a mistake on the kind of investment they choose to invest needs to be corrected and show the best and suitable investment for them?, so actually there is a saying that information is power because the kind of information you have on Bitcoin may not be the same as there own and we no that something you do not have idea you would hardly realize the importance until someone open your eyes to see what you are missing.

So is left for us who understand and know a little more about Bitcoin to educate the beginners who are trying to go astray from the right investment to come back to there right senses, however let me use the help of JayJuanGee to explain what I'm trying to say, so  actually you can see how a lot of us has improved on our Bitcoin investment through all the investment advices gotten from him, so have you for ones ask yourself a question that would we have gotten all the kind of information and motivation we have on Bitcoin now if not JayJuanGee?, so there is nothing wrong for you to also impact the same knowledge to others who needs to be guided instead of seeing someone falling inside a pit when you can possibly help him but you chose not to.


Using the word "For now" Is not even right because you even indirectly saying that there would be a time in the future were other altcoins will surpass Bitcoin, so actually there is nothing like such uncertain word about Bitcoin in the future because as we always said it will continue and even grow more further, so we should even stop putting Bitcoin in the shoes of those other investment because they don't have the same purpose and anybody who wants a better tomorrow will go for an investment that has a purpose which is Bitcoin and nothing else.

You're right, the main point of discussion in this thread is Bitcoin because it suits the subject matter of the thread which is (Buy the DIP, and HODL!) first off, let me emphasise on the word HODL, it's not good to buy and hold any other cryptocurrency asides Bitcoin because it is the best Cryptocurrency that's most suitable for long-term investment purpose. However, investors that are only buying Bitcoin only during the Dip season are not making the right choice, yes the Dip gives investors opportunity to buy Bitcoin at a more cheaper price but then investors can buy at any entry overtime and seize the opportunity to buy when the price drops, which is why the DCA is one of the best method to use when investing on Bitcoin. Apart from the instance you've given, investors never can tell how much they would've accumulated while they're waiting for the dip to occur, that strategy would make them miss out on several accumulating opportunities. Talking about diversification, I'll rather diversify to another investment than investing in other Cryptocurrencies asides Bitcoin, atleast one could still use some portion of the profits from other investments like Real Estate, Commodities to continue building their Bitcoin Portfolio.

There's no way I said that our main focus here is only to accumulate bitcoin in a dip. What I meant was that our main focus here is to discuss bitcoin and not about altcoins. I'm not a newbie, and I know buying bitcoin only when a dip happens is not a good option, and that will not help any investor accumulate a good amount of bitcoin. What if the dip happens and there's no available fund at that time to buy the dip? So there's no way I would advise any investor to accumulate bitcoin only with the buying the dip strategy. Even though the Eth fee is low, it's not a good choice to diversify your investment in Eth because it's still an altcoin. Maybe if you want to diversify your investment after you have accumulated the amount of bitcoin you want to hold, you can start a real-life business. For instance, you can decide to go into real estate or you can start selling commodities so that the money the business will be generating can help solve your daily expenses, and it will allow you to hold your bitcoin for a long time because you now have more sources of income.

For now didn't see any shitcoins out there have same potential with bitcoin since usually majority of them posses huge risk to lose money for those people try to spend some money on time with these tokens.

And I don't feel any good at it as what other people said since its like we are just riding up the hype then get stress when a quick market collapse happen. These scenario made me think that its not really worth it to invest with shitcoin if we aim for long term since most likely there's huge chance for us to lose our money especially if we cannot be there all the time checking our investment made from those token.

So what's really more better is to go directly with Bitcoin then do DCA since there's nothing more reliable and those what we experience from shitcoin will provably not gonna happen since somehow we feel safe since bitcoin is always good asset to accumulate.

It is only natural that investor interest in Bitcoin is increasing due to its status as the crypto asset with the highest value and its performance is better than other crypto assets. To keep your investment safe and according to plan, it is highly recommended to use cold money that is not used for other needs to avoid cash flow problems if the value of Bitcoin decreases. It is highly discouraged for investors who want to invest in Bitcoin to use funds generated from loans (debt) because this is very risky when the price of Bitcoin drops.
In addition, an investment strategy is very necessary to facilitate the accumulation of assets, if possible always avoid purchasing large amounts at one time. Ideally and most recommended is to buy Bitcoin periodically or more commonly known as the DCA strategy.

Note that Bitcoin is the only long-term investment worth investing in, if you ever invest in anything other than Bitcoin, chances of losing money are high. Because only DCO method invests your bitcoin for future years it will not be destroyed, but if you choose altcoin directly to get more profit then it is maximum stupidity and more likely to be destroyed which will run out of money. So if we are thinking of long term investment then surely we will choose Bitcoin following DCA method no doubt. Because your investment will last longer and you will be more self-reliant.

Those trading their bitcoins doesn't know it's worth and value otherwise they would have only hodl their bitcoins for long term increase and not be so inquisitive about the low profits they get while trading in a short term. 


People who wasted their bitcoins in the past when bitcoin hasn't gotten any recognition cannot be blamed because as at those periods, bitcoin was relatively new in the market and a lot of people were scared of losing their asset but now that it has become the best performing coin, there is need for people to own it more as a store of value rather than settle for trading.

The traders sometimes can make money using the shitcoin,but it doesn’t mean the coin was moved to potential from the shitcoin status.The profit time will be the happy one to the investors,but if the same coin was changed to the termination status.All the investors will loss their investment completely,before the end status.The market for the shitcoin will reduce to never believe range and almost near to the zero value or 80+ percentage on the price in a week period of time.



The market dip need some time for the correction,when the market at the bear one.The traders should use the opportunity to buy the good potential coin to take profit in long term.The bitcoin was different from other coin,because even now many traders blindly inverse in the bitcoin compared to many coin in the market with more potential.The Ethereum investment also the promising one to the traders investment.