Topic: Buy the DIP, and HODL! - page 127. (Read 130488 times)

It is all great because selling a portion of it will make more sense than selling all of what you got in your portfolio. It is an investment that’s already projected to grow overtime and not a short one. If the price of it rises as many have envisioned it to be in the future, your portfolio value will only get more richer because by some time in the future, you would have made x2 or more of what you’ve invested it in and will continue to increase as time goes. Maybe this can also be viewed by some people as a great profitable business that they can depend on in years to come but the volatile nature of it won’t make it more suitable for that but am investment in it is worthy of being profitable in the future.


The market is not here to keep waiting for those that won’t take advantage of it immediately they see an opportunity. A lot of opportunities have really came around in this yearly only, I mean through this circle. The way bitcoin dipped back was not something anyone expected but it was an opportunity for both existing investors and new investors to accumulate more into their bitcoin savings. Right now, I have come to realize that the market cannot be predictable, even if the market dips more, it won’t be a surprise to me again. This is what the brain behind this thread is all about “Buy the DIP, and HODL!”.

People who have taken an investment plan that they think is good are people who have made their own decisions unanimously on something and if the choice is Bitcoin, I think it is the best and there is no need to doubt it even though in determining the time it also needs further consideration for everyone who wants to invest in Bitcoin. But if I may suggest to you or to all investors who are just starting to invest in Bitcoin, try to choose a long-term duration for Bitcoin investment so that each investor can be more loyal in thinking when they want to make several other investments in different sectors in the same year.

For those who sells their bitcoin out of fear when the market falls it means the market is not for them. If everyone decides to hodl bitcoin when the market dips bitcoin may become scarce for investors to buy more to hodl, atleast when the market goes dip we have investors who are ready to sell to investors who are ready to always take advantage of the dip of the market.  Buying bitcoin and hodling it is a good investment plans that is why investors who have the understanding of buying bitcoin won't allow the opportunity to go of their way. I don't blame people who sells their bitcoin when the price falls, this happens because no better understanding of bitcoin. Accumulating bitcoin to hodl us for those that understands bitcoin better and not for people that are trying to make quick profit.

Starting out as a newbie in bitcoin investment does not necessarily translate that you would stay long and that does not mean that you’ll opt out as soon as possible. Other factors can contribute to how far you’ll be staying in the bitcoin investment. You just have to be sure that the factor is not such that cannot be handled by you when you’re already going far in the investment. You’ll definitely face some challenges like the cash flow, market conditions and other unforeseen circumstances that may annul your investment process, personal and urgent miscellaneous.

Sometimes, you might have already made up your mind and all you need to do was to continue and cross all the hurdles that may stop you from continuing, some cannot be overcome and you don’t have the choice than to pause and continue some other time. This is why it has also being necessitated to have a continous source and flow of income that can supplement your investment, when you can’t take from their to grow your bitcoin savings anymore, you can stop and continue some other time without touching the one you’ve already gathered over the time.

determining a plan is something that must be considered, because this is something that is also said to be important. if you think about it, for those who are just starting to invest in bitcoin, they have their own strategies and choices that they think are the best choices for themselves, whether it is long or short term, they will take what they think is good.

Now are you trying to say that the contractor is paid every contract entitlement at once?, or are you saying that those contracts finished as soon as they're sealed?. I've never seen that pattern since I started seeking for contracts, every contract agreements has milestones and when such milestones are reached, certain amount of money is released by the employer to further the project. Not minding that contractors gets contracts once in a while, most contracts lasts as long as several months, so the contractor can plan himself to be consistent with DCA from periodic funding that comes from projects he undertakes. Some contracts even lasts for several years and there's consistent funding, so it's almost the same thing. Consistency can be achieved irrespective of your job description, as long as funds are available, proper planning puts everything in place.

This is even where the contractor gets more advantage than the salary earner as more funds are made available to him to plan for a longer period of time. If for example, he  buys $200 Bitcoin monthly and he sealed a deal of $10000 contract with 60% upfront payment and the dip presents itself within that period, he can opt to buy the dip at once with like $1000 which should have been for 5 months and then plan to buy again from the next 5 months.

Now he's gaining because he's purchased more quantity at the same price that a normal salary earner would still meet up with in 4 months time.

I don't think that the DCA strategy is not suitable for contractors. DCA is for everyone be it a salary earner, business man or contractor. Do you know that some contractors do make huge profits that can last them for one year than monthly salary earners. A contractor can have contract twice in a year and still DCA monthly without any problem. Since his funds comes in once in a while what he needs to do is a proper plan on how much he can use to DCA because he will have enough discretionary income after taking care of his bills for 6 months.

If he receives his payment, he can keep aside the amount of money that he will use to DCA regularly till another payment comes in. If for instance his discretionary income that he plans to use in buying bitcoin is $2400, he can choose to DCA weekly, biweekly, monthly or even quarterly. The contractor can use $400 to DCA every month or $1200 to frontload for  3 months and the other $1200 for the other 3 months. Or still if he wants to buy every week it means that he will be buying at $92 approximately every week.

What matters is proper planning because the contractor will just keep the $2400 without using it for any purpose but to invest in bitcoin according to the time he chooses to buy.

Honestly, the Bitcoin market has given much opportunity to so many people who want to continue accumulating Bitcoin. However, I would not fully say that those waiting for a dip have started accumulating, except for those who are not too selfish and want more of a dip. Some people are still waiting for a further drop, even as the Bitcoin price recently dropped to $50k.

There is one problem with waiting for a dip: even if the price drops, your mind may still tell you to wait for an even lower dip. I know some people who have been waiting for a dip since they saw Bitcoin price at $40k a few months back, and they still haven't bought any.

I just wish they had been using the DCA strategy; they would have some amount of Bitcoin in their wallets by now. As for me, I don't really abide by the waiting method because it can cause someone to miss the opportunity of buying more forever, as Bitcoin is not something anyone can predict.

DCA is suitable for all level of investors, be it contractors or salary earners. A contractor who gets contract once in a while can make use of DCA perfectly. Nothing stops him if after executing a contract and he decides to invest like $3k into bitcoin, and he chooses to invest like $50 every weekend from the $3k he has set aside for investment. In this scenario, he is utilizing DCA method to invest, even though he is not a monthly salary earner. The moment you understand the concept of DCA, you will realize how it works. Every investors irrespective of your financial structure you can still make use of DCA. So don't think that DCA is just meant for salary earners alone. That's a wrong mentality.

Yea, but some people will still complain because most of them fail to do the needful because of either fair or lack of understanding, even though the price dip to the lowest today, some people will still not buy, the will either sell, complain or procrastinate, I have always known that Bitcoin investment is for the strong thats capable of taking what the market  brings at anytime as an opportunity, don't be surprised that this topic of discussion which is buy the dip and hodl has not been a practical thing for many people here, because I believe that anyone that understand this facts will never think otherwise whenever there is an avenue to buy with whatever strategy that they think that is comfortable for them to purchase with, smart people are always looking for smart opportunities like the recent dip and I believe that they are the ones that has been buying during this continues temporal dip that has been occuring in the recent time.
Predicting the price of Bitcoin seem to be a time waste, I think volatility defines that in details, volatility do not favour investors all the time thats why when Bitcoin dip in price bitcoiners should grab such opportunity as if it will never present itself again because this stuffs works sideways, at all time investors should be expectant of any situation to occur but the major move should be to acquire more of the asset continuously with the little we can and hodl for the awaited inevitable future profit which is the set goal.

When taking decision to invest with bitcoin for long term it doesn't actually need deeper knowledge like we need to know the technical aspects on bitcoin. Some basic buying then hold is fine since they already do a good start with that situation.

Now its up to the investor on how they deal with their investment since if they are damn serious with their decisions made for sure those learnings will follow especially if they are resourceful to seek those helpful information and participate on remarkable discussion regarding on bitcoin holding. Learning is long process that's why consistency is always important in bitcoin investment since without this and the investor doesn't have patience to wait provably that they might fail.

When we talk about a beginner or a novice, we are practically referring to those who have no formal knowledge about how investments in Bitcoin works but that not withstanding, a beginner or a novice as you call it don't need any experience at the start of their investment, all they need do is just to buy Bitcoin and hodl then with time they can learn about the different strategies that will propel them within the interval of making their investments. Experienced people are those that have been into investment in Bitcoin for long and they have understood properly how the market works and they have been conversant with the nature of how investing in Bitcoin works so learned and experience individuals like @JayJuanGee have the capacity to mentor a new investor on the right strategies they can use in order to become successful Bitcoin investors.

Even a novice with a proper understanding about Bitcoin doesn't need much experience because Bitcoin investment is like an express way were you just need to only concentrate on your accumulation, however from your perspective of the need of having experience I think I would agree with you to an extend because let me use @JayJuanGee for instance he has been into Bitcoin investment for a long time and he has gotten a lot of experience, so perhaps it was through those experience and knowledge he has he was able to advise us the new investors or starters to consider those investment strategies he has earlier explained because with his experience and knowledge he knew those strategies will seriously be of a help to everyone and all thanks to him our investment has been going very well through those strategies, so actually it was through this scenario I believe experience is good for guiding beginners on the right part to go about there Bitcoin investment but it shouldn't prevent someone from investing on Bitcoin.

You are absolutely correct investing in Bitcoin little at a time is still like the DCA method which is termed the best strategy to invest in Bitcoin and investing little at a time doesn't mean one investment won't yield a good profit but it depend on how long you are able to hold your Bitcoin and how consistent you are in your DCA method there's never specific time that is said to be a good time to invest in Bitcoin, everytime is best to invest but for those who always buy at the Dip the best for them is falling down of Bitcoin (Dip).

So, does it mean that if there's no Dip in the market those who buys at the Dip won't invest. Do they always wait till Bitcoin Dip before they invest. Well, if they do..., I don't think the strategy is really good because the more one keep waiting for the Dip the more opportunity one will miss. Monitoring the market is like a waste of time and energy unless you are a trader because there's no need to monitor the market since one is investing to hold for some period of time. The falling down of Bitcoin price may be a great advantage but not for everyone because there are people who don't have enough fund to take advantage so in this case it's not for that person and if the person tries to..., Is either the person land him/herself into big problem or maybe panic later so the Dip shouldn't make us take decision or actions that will affect us later.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.
Which ever way one chooses but it should be what will suit you.
Yeah the dip is a good opportunity for everyone to accumulate more Bitcoin irrespective of the strategy you are using.

The reason why some people panic when ever there's a dip in Bitcoin are.

1. Lack of knowledge.

Some people really don't understand how Bitcoin works and they don't know the history of Bitcoin growth, if one has knowledge about the growth of Bitcoin till date you will know that dip has been part of Bitcoin and still it has grown this big.

2.wrong mindset.

Some people has this mindset that Bitcoin won't grow more than a certain level or price, and some believe a time will come when Bitcoin will fall.
We were discussing about Bitcoin one day and someone said a time will come when will fall down to $20k or even more, all this mindset now makes some people to panic when ever there's a dip in Bitcoin.
However all this mindset are not correct and will lead people to regret why they didn't take there accumulation seriously just like those that had the opportunity to invest in Bitcoin 10 years ago but refused because of there wrong mindset.

I would say that an experienced investor was once inexperienced hence both stages are as well very important, Bitcoin investment is quite different from other investment such that one doesn't need much of the understanding before getting started, perhaps there are so many things to learn while already in the market, a fans watching football game can not merely understand the intensity of what is happening inside the field compared to those playing. It is better to get fucking started and figure out other things on your way up.

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing. It can be seen that all these investors will invest only motivated by seeing the success of other's investment, but what amount of money he is investing, how long will he hold this investment, but these things will not work in his mind. So I will always value the experience. Everyone should get enough understanding about the investor's investment and then engage in the investment

Even though I attempted to give a variety of examples, I did not consider my examples to really emphasize the extent to which a person might have had exhausted his savings, even though surely those would more likely end up being examples in which a person would be more inclined to panic.

My main two examples attempted to emphasize two possible comparative responsible approaches, yet one person had been in bitcoin for a while, so they are likely much less inclined to panic based on their having a long practice of buying, yet even my example of the guy who had ONLY been in bitcoin for a year, if he has a preset plan to accumulate a few hundred per week, then he likely would not be bothered by BTC price changes (and may even welcome a drop in prices) even though his BTC accumulation payment amounts are not really changing, and if the dip is relatively fast, he might not even end up catching the max of the dip, depending on the day of the week that his DCA is applied.

So maybe in some sense we are agreeing that the ones who seem to be flying by the seat of their pants are more likely to panic, yet even if the guy who got in had started to come into bitcoin without plans and with practices of flying by the seat of his pants, after several years and perhaps more than a whole cycle of bitcoin accumulating, he might have had  figured out some systems to help him to deal with large price changes, whether it is buying on the dip or continually buying... but yeah, the longer a guy is in, he might not feel as much of a need to continue to buy, so then when he might have a decent amount of cash building up from his not having had bought, he might really appreciate dips that are 20% or more and he might have one or two thresholds that trigger him to buy a bit more. 

I hate to attempt to pigeonhole these different kinds of guys too much since there surely can be quite a bit of variance when there might not be plans, and surely I tend to already have various plans, and I also have various buy orders that are already set at certain increments, and so even for me, sometimes I can still get a bit nervous if the BTC price is dropping so fast that so many of my buy orders are getting executed, so then I can sometimes even question myself in regards to whether I had bought too many at higher prices and I could have had set them lower and various kinds of questions including considering at what point I might start to get worried that I am running out of buy orders that are preset and if I might need to make any adjustments to what I had already preset.

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.