Topic: Buy the DIP, and HODL! - page 126. (Read 122049 times)

You don't expect a newbie that does not understand how the system works not to be worried about the price of Bitcoin when he or she wants to acquire the asset, although price check sometimes discourages individuals that are ready to embark on the journey, a newbie at first sight doest not understand what Bitcoin price fluctuations is all about until he get involved, you understand what the uptrend and downtrend of bitcoin is because you are aware of bitcoin concept, although your advice is in the right direction but intending investors will panick or be afraid because they aren't conversant with the market, buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

Already a learned Investor would understand that bitcoin investment isn't a short term system to earn quick incomes but to hold and hodl until the price increases and then you can decide if you're in a better position to keep holding in expectant of securing more profits ahead or you're good with the little profits you've made.
Then, holding further would ignite you that the current rise of the market may possibly fall to Dip and then with time it begin to pump higher again.
Buying and holding at the Dip requires investors readiness to equip himself with other sources of financial sustainability in other to keep a balanced emotions as it may feel unwise at some points watching your assets loosing value and yet having the guts to buy more and holds.

You are likely correct in your presumption that I maintain a bit of trust in the long term performance of bitcoin, yet I still doubt that I am engaging in a blind trust or even expecting that either I or any other member should invest into bitcoin with blind trust - so frequently I continue to talk about position size and even preparing for possibilities that your investment into bitcoin could go down to zero.

Accordingly, in the earliest years of investing, there may take a bit of a commitment and persistence that involves continuing to invest into bitcoin, even if the holdings might not be in profits for some of that time, and so each of us still has to figure out how much of our discretionary income that we would want to put into such an investment that may or may not end up recovering.. so how much are we willing to lose, so in that sense, I might not be overly trusting in bitcoin, but instead trusting that if any of us creates an investment practice in which we are truly ONLY investing with money that we could afford to lose, then we are not going to preoccupy ourselves in regards to whether we are in profits or not in the first cycle or so.. and yeah none of the persistence is easy if your holdings might not be in profits, so the ability to continue to buy is a bit of faith that the asset (in this case bitcoin) has decently good chances of recovery that will put you back into profits, and even if the asset might not get back into profits, the whole investment is worthy in the sense of what bitcoin stands for.

Regarding your starting out your bitcoin investment journey by buying on dips or feeling good about your entry point, that may well be the sentiment of a trader rather than an investor.

Surely everyone would prefer to be in profits, so if you buy on the dip or you have a lower priced entry point, then you increase your odds of being in profits from the start of your investment, yet surely from my own point of view, from any price point, frequently it is way too difficult to figure out whether or not there is going to be any further dip, so I place way more value in both getting started and also getting started as soon as possible (in order to prepare for UP) rather than fucking around with ideas about whether your entry point is good or not.  Sure, you can hold some extra money on the side for buying on the dip, but from my point of view, you gotta prepare for up, and the only way to prepare for up is by buying some bitcoin, which if you are just getting started, you just enter at whatever the BTC price happens to be... and then at least you have some skin in the game and you can tailor your subsequent strategies from there, but at least you have some level of preparation for up if you have at least started out by buying some, even if the price might end up being at or near the top (which with something like bitcoin, you cannot hardly know whether you are at or near the top either).


Of course, we have likely talked about this very subject previously, and I think that we determined that anyone getting into bitcoin now would probably need to accumulate somewhere in the ballpark of $200 per week for 10 years in order to have decently good chances of getting to 1 bitcoin in 10 years, and so maybe someone who might have started in late 2022 or early 2023 might be able to get close to 1 bitcoin by continuing with at least $100 per week in bitcoin for 10 years.. maybe?

Even the guy who started investing $100 per week starting in December 2022 would have invested right around $8,400 and would have had accumulated 0.26 BTC, so surely not a bad place to get more than a 1/4 of the way to 1 BTC in less than 2 years - even though difficult to know if the BTC prices will stay down low enough in the next 10 years to finish accumulating the remaining 3/4s in the next 8+ years.

My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.


Surely you say some of this in jest, yet we know that sometimes folks will jump through various hoops to try to get what they want, and sometimes a bit of creativity might be needed in terms of what resources that we might have available to us.

Another thing is that many of us might get into relationships for the wrong reasons, and then that ends up being quite a mess, but we still have to deal with the mess - and hopefully not devolving into too many morally reprehensible behaviors in order to get what we want and to build the life that we would prefer to have.


You make a lot of decent points in your post laijsica, yet this last point seems to lack quite a lot of focus, since you seem to believe that trading is a way to accumulate more bitcoin... so you are mixing up trading and investing and so it can be quite problematic to be thinking like that... yet I know that a lot of folks keep those trading tendencies to be included in their ideas about bitcoin.. which may or may not end up working out.. especially if you are trying to suggest trading as a solid and basic principle without first providing some parameters or limitations or even some guidance how some guys might not end up fucking up their whole investment if they end up making a mistake of selling too many bitcoin too soon or if they also might devolve into leveraging their trading practices rather than staying focused on accumulating through buying rather than getting distracted into believing that they can accumulate more and better by including selling into their ways to try to get more BTC... your inclinations to trade or sell surely seem problematic to me.


I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.


First, you should be thinking 4-10 years or longer and not "next few years," and also (second) if you are so fucking worried about how much you invested into bitcoin and that you might lose it, then maybe you need to invest less so that you are not worried.

Getting all worked up about price drops (whether in your early years or not) may well be a sign that you have overinvested which means either you need to invest less or you need to sell some of the amount that you already invested so that you are not as worried about if it goes down or not.... including that in the first 4 years or more if you are mostly buying, then you could buy small amounts and hold out some amounts for dips, or you can just blindly set some kind of a budget so that you might be regularly buying (I personally like weekly buys for the first cycle or so), and then reassess where you are at after a first whole cycle or maybe a cycle and a half.. and at the same time, surely you can set up systems to monitor along the way, but maybe in the first whole cycle or cycle and a half you may already know that you are mostly going to be focusing on accumulating BTC and not worked up about if the BTC price might be up down or sideways... which includes not giving too many shits about your average costs and/or if you are in profits or not... yeah sure, all of us would like to be in profits, but I doubt that it is very helpful to be too worried about your level of profits for the first whole cycle or first whole cycle and a half.. and yeah hopefully it all works itself out so that you are in profits down the road, but none of it is guaranteed, so you just need to put good practices into place so that you can accumulate bitcoin regularly, consistently and persistently, and there may be folks who outperform you, but you should also not get too worked up about that as long as you got your own systems in place that are tailored to your own finances and psychology and your various personal factors that fit in those categories (9 of them, perhaps?).


I appreciate your attempt to provide an example EclipseXcrypto, but you should be attempting to provide examples that are a bit more realistic, and maybe starting from our current price rather than prices that may never happen again... and also those prices that you listed are between 30% and 50% below current prices, so it becomes a bit more difficult to relate to what you are talking about or what you are trying to say in currently realistic and applicable terms.

Sure, even if you choose current prices, you still might end up coming up with scenarios that are not very realistic, but at least you would be starting from a current prices base rather than staring out with seemingly fantasy bitcoin prices that currently are not in play.

Maybe you are either caught in the past, or maybe you are subliminally trying to suggest that we are going back to those BTC prices.. which again, does not come off as reasonable or fair starting points to provide such examples, une\less maybe you are talking about history rather than current, but it seems to me that you are suggesting what someone currently might try to do to prepare his own BTC accumulation or his own BTC portfolio management.

Well said, Mate.
It normal for fear, worries, to kick in. As an investor, Bitcoiner, The greatest power we have is Self-Control of which if one can't control his emotions then such person will literally fail at whatsoever he does.

You need not Panic, even as a beginner you should accept the fact that you are participating in a game of probability, uncertainty thus we risk within our Tolerance level, set a target or goal applying what we believe will help in our Bitcoin Portfolio building regardless of any market conditions and not afraid of losses....As simple as this but discipline above all.

This is a time to accumulate more, the Dip price most persons were anticipating is now present, so get busy about just building your Portfolio, rather than about how Price fluctuate. Your Bitcoin is intact...

From the conversation between both of you I think you know much more about it, just that you are trying not to put yourself under pressure of taken loan to buy the dip when the due date has not yet reached. And Morover there is always an opportunity to buy the dip, if you didn't buy the dip around the 1st day of the month, you may still buy it along the line. Because after buying the dip when your set date has not yet come, you may still buy the dip more before the actual set date being the 10th of every month so I see that what @stablecoin is saying does not mean that you don't know the importance of buying the dip it's just a misconception. The Most important thing is to always have discretion fund to use and buy the dip or regular DCA in the absence of salary.


I can see you are dramatic @wind fury. Your advice can be deceitful to someone who doesn't know his way about. Despite the way you make it look funny but let's be realistic for once, your advice is problematic, misleeding and can change some people's mind if they don't think in the right direction. This strategy you want to embark on will surely break your relationship. and this is why some people have unhealthy relationships / marriage because of not being transparent. Transparency, trust and love is the criteria that keeps a healthy marriage or relationship going and when you decide to follow the wrong step, it will definitely Leed to distruction.

DCA method is best for long term investment. On the other hand to invest in DCA method we should keep in mind that we will hold our investment for a long time. Because if we adopt this method we may be able to buy bitcoins in small amounts and convert them into large amounts once but it takes time. For which those who invest using this method are advised to hold for a long time. We may not all be financially sound for which we resort to DCA in Bitcoin investment to keep ourselves connected to the investment. This is an investment strategy that allows you to accumulate bitcoins on a weekly, monthly or quarterly basis. Even any amount of bitcoins.

If you are adopting DCA in Bitcoin investing I don't think you need to wait for the dip season. Dip seasons are waited for by those who want to make more profit in a short period of time. But for those who adopt DCA, the dip also brings the best opportunity to buy bitcoins at higher rates.

You have spoken well but however I don't think @Wind_FURY meant what he said about the kidnapping or looking for rich woman to marry but on the contrary he was just using it to catch some fun or using the statement to make the thread lively which is why at the end of his Statment he drop a laughing Emoji to show that it was just for fun. After all there is no way somebody would even advise people to venture into kidnapping in other to race money, it doesn't make sense, however most people always feel that if they get married there wife or husband will not support or allow them to continue there investment, on the contrary Bitcoin has grown so popular that most families the wife's are even the ones doing most the Bitcoin investment so actually everything is just based on understanding between couple.

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

If a new investor like you is scared when the price of bitcoin dips which can lead to you selling your bitcoin, it is wrong because you shoukd have known the basic knowledge of bitcoin before investing and one of them is invest in a long term and only use part of your discretionary income to invest. Firstly, you can start by investing little amount like $10 and as time passes on, you are learning and understanding how bitcoin works, after a year or two when you have believed in bitcoin or gain confidence, you can increase the amount to your desired amount based on your discretionary income at that moment let me say $100. Also having an emergency funds will make  be able to hodli for long because when an emergency arises, you are prepared for it. It is good to have an emergency funds up to 3-6 months and reserve funds to back up your emergency funds.

Buying bitcoin during DIP doesn't necessarily mean that you purchase a whole Bitcoin. If you want to buy during DIPs and the funds is not enough  to purchase a whole Bitcoin you can buy with funds avaliable.  Let's take for instance I have $1,000 available to buy during DIPs and the price of Bitcoin is $30,000, with calculation of $1,000 to $30,000 will give 0.0333 worth of  bitcoin, and when price bitcoin starts going up to let's say $40,000 your purchase increases by 0.0333 × $40,000 will be $1,332. If an investor planned for a dip and it occurs there is no need to wait for price to continue declining to a desired level which might not happen, take advantage of that moment with funds available, with a long term perspective the benefits will yield.

Let me start by saying: If you are aware that Bitcoin is volatile, with prices that can move up and down at any time, then you shouldn't be scared at all, unless you don't have long term plans for your investment. As I have mentioned in few of my old replies, high expectations can create a vacuum of fear, especially when things don't turn out the way investors expect. Taking the long bullish trend that we experienced from late February till early June (if I am not mistaken), before we started to experience some decline to as low as $56K. Recent times (of $56K) like this are enough to create fear and panic because many people joined the market when Bitcoin made massive progress from late February till June. Many people joined, believing it would always be a win-win situation, forgetting that this is still the Bitcoin market, where certain things haven't changed (like the rise and fall of price).

The good news is that just because there is a decline in the price of Bitcoin doesn't mean that the price won't move upward again. Remember that it is always an upward and downward movement. So, as long as you are a long term investor, who is ready to hodl and keep accumulating for a decent number of years, you should be certain that you won't run at a loss.

For beginners experiencing fear and panic when there is a decline in price, you should understand that the Bitcoin market is a place where tough decisions can have a huge effect on anyone. I don't know how normal it is for every beginner to experience fear, but your case can be different only if you choose to address it. You should be able to question yourself on why you are actually making such an investment. is it because other people are doing it, or because you actually consider Bitcoin investment as the best option for yourself?. Most people today can't even picture themselves continuing with the same investment plan for the next 7-8years, but they can easily picture themselves driving a good car in the next 4-5years, which then makes me doubt the business they have here.

Bitcoin investment is clearly a decision where you have to be realistic and take a bold step. Those with fear might find it difficult to continue or survive for a long time. Don't be scared to make an approach, but try as much as possible to invest what's within your capability, moreover, you can also gain the necessary knowledge even while making your investment as stated by JJG on this thread 9 individual factors.

Looking at the price of bitcoin has made so many people unable to make a move to invest bitcoin,  waiting for the price to fall is the reason why people procrastinate and delay to invest bitcoin. The price of bitcoin has always been unpredictable, this is why it is not very good to wait for the price of bitcoin to fall because on waiting for the price of bitcoin to drop it can be a different expectation.

  Buying bitcoin without any delay is always profitable even if one buys and the market drops, no need to be in panic because the market will still increase. It is very important for any one to think of buying bitcoin to invest their should be a good understanding of the price movement of the market because when their is a good understanding and if any fall of price happens it won't be a strange experience and their is already good understanding that the price of the market will increase.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

Its normal to get feared on situation you are not familiar but its good to learn all of the important things you consider since right now there's a lot of information available in internet people just need to browse it. Also they have know dedicated thread like this where they can talk about bitcoin investment and those helpful strategies that you could able to use.

Also people will only get concern about volatility if they are engaging much on trading so forget about that and stick into long term investment then try to read a lot of discussions in this thread since for sure that there would be a lot of clarification or learnings that you can get came from other people who help or contribute to this thread to became more better venue for people who want to learn about right thing to do with their bitcoins.

not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

Buying dips can definitely give you leverage that adds up to a different profit on the overall investment. But you can take more advantage by your regular purchases like you are in regular DCA method and adding disposable income part every month by buying bitcoins and if you can run this process for 10 years or more then your portfolio will look highly decent and complete many cycles. Chances are that Bitcoin keeps adding up at a compounding rate. Additional stashing if you can increase the amount of DCAing periodically as your income increases. You must remember to keep bitcoin stashing strategy with buying on dips to take profit as long term holding can protect your margin while also taking high profit.

If you do that, then that will mean more Bitcoins available for me.


But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

That's a wrong mindset mate, the only one can take a break or decided to stop accumulating as an long-term bitcoin Investor is only when he or she has already gotten themselves a nice bitcoin stashes. As an bitcoin Investor taken the bullrun as a target of selling your bitcoin stashes when you haven't gotten some good stash of bitcoin or haven't hitting yah accumulation goal ( when you have gotten enough Bitcoin stash ) is wrong same as accumulating during the Bear market alone. Alot of folks as been into bitcoin for long and they have experience alot of bearish and bullish market but still they kept holding, despite not having any guarantees they kept on holding because they believe in bitcoin.  And they know why it can do .

Like for me this BULLRUN ain't my target , is just a form of encouragement to keep pushing and accumulating. Till I have gotten to my fuck you status ( point of having enough Bitcoin stash). Because this isn't the only bitcoin we are gonna experience, there more to come . So I'm literally preparing for the future, because bitcoin investment is all about the future and bitcoin we keep on growing over time , to be frank I didn't started my bitcoin accummulation on time , so I have not gotten to my target yet, my target now is for me to have more than one bitcoin, due to bitcoin recent prices it won't be easy to get there just like that so it may take years before getting to that point and don't forget bitcoin price wait for no one .

You've nailed it, my friend, many will just be running their mouths about Bitcoin investments but will never be reasonable with it, only to repeat what they can commonly read online. To DCA or whatever approach you use to invest is a thing, but to have your investment plan after the approach is another thing and both have to be considered before an informed-investmenet can be made.

Why DCA when you know you will divest pretty soon? It is only a dedicated HOLDer that such an investment approach will fit. Also, the most driving force to HODL will be your trust in that particular asset you want to invest in, not because you see people doing it or you are just making some random investment like most people do. You can see this kind of trust in some people like JayJuanGee here when it comes to Bitcoin. Such people may not even care to hold it for decades. I envy the spirit but it could have been easier for me too if I bought Bitcoin at a deeper low.