Topic: Buy the DIP, and HODL! - page 13. (Read 79835 times)

Of course, you put the idea of "skilled" trader.. so you could say that the "profitable" trader will make money.

So fucking what?

The punchline is that an overwhelming of normie newbies into bitcoin should not be getting involved in trading and/or even tempted by trading, and so what that there are some traders who will be profitable, it is nearly irrelevant to what almost any normie newbie should be doing.

The main thing with a normie newbie is to get started in BTC, to build a BTC position, and the overwhelming majority of them are going to outperform the any trader, whether skilled or otherwise just by regularly and consistently buying BTC, and the longer they do that, the more likely it will be that they would out perform the trader.

Tell me about yourself usekevin.  Have you matched or exceeded a straight-forward BTC accumulation strategy for the time you have been into BTC?

If we look at your forum registration date, if you had started buying $100 worth of bitcoin per week since your forum registration date, you would have had invested right around $57k and you would have accumulated about 64.7 BTC, so surely you would be right around 65x in profits.  Have whatever fucking around with trading that you have been doing over the years put you in an equal or better position than 65x in profits, currently?  You can see the calculation of dates and amounts at: https://costavg.com/.

I say that the best thing to do is to stick with BTC accumulation, and if you are going to be playing around with trading, then don't trade with anymore than 10% of the size of your bitcoin holdings, and don't be cheating either, so when you lose that money, don't replace it with bitcoin and continue to drain the long term bitcoin portion of your holdings.

Yeah, I know that traders/gamblers cannot resist, so they may well not be able to limit their trading to 10% of their bitcoin holdings.


Fuck the trader.  We are not even talking about trading in this thread, but you seem to want to idolize traders.. part of the problem of a professional trader, for example, is that he may well be living off the proceeds of his trading, so just to do as well as someone who is stacking sats, he should also have some kind of a separate fund that includes setting aside BTC so that he is generally building as well, even if he might be living off of the profits of his trading, to the extent that is possible, including being able to make money during up periods and down periods.. so call many of us pessimists, to the extent that we should even be talking about traders in this thread.


What the fuck are you talking about now?  I thought that we were talking about bitcoin, and now all of a sudden you seem to be talking about something else?  Are you talking about shitcoins?

And if you are talking about bitcoin, then why do you need to use the word cryptocurrency?  Are you trying to sound smart?  If you had not realized, when you use a word like "cryptocurrency" you have all of a sudden gone into a place that no one is going to know what the fuck you are talking about.  Yeah, if you are talking about trading and then maybe it makes sense that it might not matter which kind of asset you are trading if you are figuring out some kind of an angle in regards to how to make profits in terms of bouncing around between various shitcoins.. yet again, we are surely neither talking about trading nor about shitcoins in this thread...

If you bring it back to bitcoin, then what is your point?  A trader gets into bitcoin and then uses his savings to get in, and then he let's it run for a while and then he cashes out?  Is that part of the point that you are wanting to make?


You are speaking generally also and you also seem to be presuming profits in dollars.. so yeah, price goes up and then the trader has dollars to either consume or to reinvest... so what?  You also realize that extra skills are needed for trading versus investing?  People are not just going to be able to pick up the extra skills, even if we were considering trading to be something that is something that might be profitable and/or more profitable than just buying bitcoin and stacking sats through the years.


You are way off topic now..  You are saying spread out over various coins in order to potentially balance out the bear and bull markets.. and even that hardly makes any sense since shitcoins are correlated with BTC, yet I do understand that shitcoin traders will have their various theories regarding when shitcoins will pump as compared to bitcoin.. but still we are not talking about that nonsense in this thread.  

Again, go back to my earlier question?  Has whatever you been doing with your fucking around with trading and/or shitcoins performed better than a straight-forward DCA strategy into BTC, which for you would had been around 65x in profits.. but instead you are talking in vague ways, which causes me to suspect that whatever you have been doing has not come even close to performing as well as a strict and straight forward BTC accumulation strategy through DCA.. and yeah, if you had not started right at the time of your forum registration, you could have had even started a whole cycle later since mid 2017, and you would have had still done pretty well in your BTC investment up until now.

So you have been registered on the forum for nearly 11 years, yet let's go with a 7 year investment strategy of $100 per week, which would have had resulted in about $36.6k invested, and right around 3.6613 BTC. Not as good as investing for 11 years, but still not too bad, and maybe your current trading and shitcoin strategy might not have had been able to perform that starting later strategy.. so maybe you should tell us how your portfolio has performed over the last nearly 11 years, so we can attempt to figure out if you might know what you are talking about, or if you have largely underperformed straight-forward and strict BTC DCA practices.

Well there is one way to go about it which is having a fixed amount that you buy always and if done frequently it will atleast limit the constant checking of the market because even that could stir up some doubt in the thoughts of the investor so having a fixed DCA amount in which one buys always is actually not a bad idea at all although buying during the dip with bigger amount is absolutely a win for the investors because lie you said the value always or worth is better. The DCA method is always more advisable because it's very effective and requires less strategic planning and also the easy access of it practice makes it a ideal choice when it comes to setting a Bitcoin long term investment.

The trader will invest their money based on their prediction,it also like the gambling need of luck even after you invest in the potential coin sometimes.Because the market flow now was become almost the unpredictable one.Some people do the random investment in the new coin and get then huge multiple of the capital.But the trading with the way of prediction based on the previous history was the important one.The skilled trader will make the money without doubt,it may delayed.But the money from the profit will be the sure thing.Before investing check the background of the project and owner profile.


The trader can use the option of make use of their savings into the investment.Because the investing their saving in the cryptocurrency was the wise for the current market conditions.Because the usage of the cryptocurrency was increased as like the stock market investment.So if the trading coin was the potential one means the demand of the coin will allow you make the bag full of profit.But the patience of the holding was the important one and spread your investment on various coins to get the profit at various points and to balance a trading losses in the bear market.

DCA is a good strategy but we can't look down on the fact that mixing up strategies is even better when accumulating bitcoin, you might be thinking that 57k isn't much of a dip but I tell you that this might be the lowest the price can get or it can also dip even more, so what do I do if I were thinking like you are, I split the amount I wanted to use to buy bitcoin into parts and buy as the price continues to dip that way I'm better off than waiting for one big dip that may never come.

I think at this point fkr most of us that have been growing our reserves this might be a good time to start buying, we have talked a lot about waiting for dips and how unlucky you can be, it's good you take advantage of what you see that wait any longer.

Most of us think that analysis is only for those who are traders, but in my opinion that is something that could be said to be inaccurate because in the end investors also need analysis, which in the end before making plans to make purchases and DCA fundamental analysis is very important to review. whether the progress of what we want to buy is so good or not that it can become a benchmark in DCA or periodic purchases made afterwards.

Because in the end when talking about DCA we have to have a good understanding of the financial management that we have and after that when we do DCA we also need an evaluation of what we have done so in this case analysis is still important so there is no harm if investors learn it even though in the end the way it is used is different from those who trade.

The message is well understood. Sometimes when opportunity that rarely comes by happen, we need to grab it with our two hands. This is one of those moments that we have been talking about in this thread about investment strategy of dividing our investment capital into 3 parts and keeping one part aside to use and buy the dip. Now the dip is currently happening, this is the right moment to use the part meant for buying the dip and engage in buy order. Don't wait for any further dip, because after now it will be all the up. I already got some good volume at $57k and my weekly DCA still continues. I will still engage the dip if it goes down more than this.

Market analysis is mostly done by traders, because they are short term hodlers. A newbie that just started his bitcoin journey does not need to know anything about market analysis because it is stressful and needs time to understand how to analyze the market, which makes me see it as a distraction to beginners who just started accumulating bitcoin. Whether you analyze the market or not that will not increase your bitcoin stash if you don't buy any bitcoin. This is why new beginners or investors in their accumulation phase should only focus more on regular buying weekly or monthly using DCA to build up their bitcoin portfolio overtime.

Analyzing the market can be of a distraction to them since they are new into bitcoin, what they just need to do is to figure out how much is their discretionary income that they can use to buy bitcoin after other important aspect has been taken care of for a healthy bitcoin long term journey. T
It is nvestors who have accumulated up to 50% and above of their bitcoin target that can analyze the market to know when they can buy, because their bitcoin stash have reached a level that if they pause buying, it will not be a bad action. We should also know that no one can predict the next price movement of bitcoin, this is why I don't see market analysis useful for a beginner who just started his bitcoin journey since he is not planning to sell within a shot period of time, but hodli for long. There is no need to stop or pause buying because you feel there will be a dip tomorrow, what if the dip does not come, you will keep on waiting and wasting your precious time that you should have being using to build up your bitcoin stash.

When Investing in any asset it is right that we have a possible set of senerio that can occur and prepare likewise, now in this case everyone is hoping that his bitcoin investment would do well and bring profits which is a possibility than can occur and there is also a possibility for the opposite to happen and you end up losing your investment, and it's also good to take that into account so you don't end up put all your funds into bitcoin, your right that someone might decide to invests only 10% of his income to bitcoin because of this but that is what he thinks its okay to invest despite knowing that bitcoin could also do well and give him profits and another person woudl do the exact opposite and decide to invest more aggressively even knowing this and that is what he can also afford to lose cause he has a higher risk tolerance than the other.

Everyone must have to decide how much he feels comfortable with to invest and this could be a whimy investment or a aggressive investment, yeah you understand that you may think that I you want more out of bitcoin you should also invest more but not everyone would fell comfortable having so much in bitcoin and might think as a safety measure to diversify or have more cash around, IMO it all depends on the risk tolerance of the individual.

I dont really agree with this because even though we are long-term investors when talking about market movements and carrying out analysis it should not be omitted because after all it is something that is still quite important to do because with that we can see some what is the possibility of whether it will be purchased directly or in stages later considering that even in DCA we sometimes dont really care about the price when buying but still if we get a price that is lower than the target of what we want to buy of course that is a good thing so even though we are long-term investors, we cannot just let go of analysis .

Because in the end not doing analysis every day and not caring about analysis at all is a very different thing so analysis is still quite important, its just that we dont need to do it every minute or every hour of every day when trying to become an investor.

Your wrong @maverlokg, it's right to invest the amount that you can afford to lose even when investing in an asset like Bitcoin and that does not mean that you are expecting something bad to happen to bitcoin, what this means is that you are aware that they is a possibility of your bitcoin investment to go to zero or not generate any profit throughout your time of investment, yeah no one invests and expect to lose all his investment along the line but when dealing with the future we still try best to retain the fact that anything is possible and to be prepared we must act alike and what you decide to do with the information of that possibility is up to you, if your response to that is to have a more whimpy investment and that's how your risk tolerance allows you then its okay and no one would force you or should tell you that to get more of the other possibility that bitcoin may increase in value and to get more out of it you should also invest more aggressively.

Yeah some people would rather think of a way to diversify into other asset as means that incase their investment in bitcoin doesn't do well then the other may do well. And at times it's better to have a well built investment in bitcoin then you can comdiser diversifying into.other asset at least 80% in bitcoin and 20% in other asset and if something happens you have back up and it still depends on the investor.

There is some ambiguity in your words. However, Bitcoin is in a marked downtrend after its record ATH. Of course it looks great that some investors will take this opportunity at the dips price. Market conditions seem quite stable to me and investment should be aggressive. DCA strategy recommends increasing BTC even further to maintain your holdings. Many (contrarians) are trying to say BTC is going from bullish to bearish but I think the bull run has not started yet. The next bull run will push the price to $100k or more within this year. Hence floating money is recommended to keep your holdings safe and risk free. It is better to continue DCA consistently and uninterruptedly and stick to the subtle strategy of depositing BTC.

I agree.  It is better for people who are starting out with a relatively small amount to build one first before adding anything else, and there likely is no rush to add anything else, but there may be some need to balance cash amounts with the bitcoin amounts in order to figure out levels of aggressiveness in regards to how fast to attempt to accumulate a sizable bitcoin position... and yeah, some folks might not have options to establish a sizable position in less than 5 years and some of them might take closer to 10 years before they start to feel they start to need to diversify... but yeah, a person can become more informed about himself and his preferences to diversify while he is building his bitcoin investment.. and he might not know exactly in advance when he is going to start to feel needs to spread out his investments a bit more.