Topic: Buy the DIP, and HODL! - page 130. (Read 122093 times)

I agree with you here. Soon the chances of buying and accumulating Bitcoin will be limited. Now that we can see the price still fluctuating and has not gotten to the 100k margin it is a good time to buy. The same way we were caught unaware by the dip it is the same way we might get caught up in a bull market and we will still be thinking and expecting the price to go down. Buy now, always buy now and tomorrow continue buy now.

There are more advantages of buying on dips than you have mentioned. One good benfeift is buying at a lower cost, exhibiting patience for long term, profit potential more than the amount if we had bought at the normal price. But note, it should be our main strategy to investment but rather a subsidiary strategy to accumulate more and faster.

Maybe what he means by collecting bitcoin before marriage is that he doesn't have any dependents, which means that when he gets the money he can buy more, whereas when you are married it means that you have to provide for your wife, so with the existing salary, some of it must be given to the wife and the rest you hold to buy bitcoin.

Actually it is up to you which one you think is more feasible to buy bitcoin as long as you have your own strategy, you can increase your salary means you can buy more bitcoin that's all.

You are right because this is one of the reasons why I believe that with time the awareness and the adoption of Bitcoin will keep growing drastically because in terms like this when most countries are having some decline on there economical growth Bitcoin is always there first choice of sustainability because they know that there is every certainty of higher profit after holding, already in most places banks has beginning to face a lot of setback because people no longer save there money as they use to do before because now they have seen an opportunity for them to diversify there money into Bitcoin investment and make there lives more meaningful.


Well I don't know the reason why you believe that accumulating Bitcoin before getting married is better, so perhaps does it mean that after getting married you will not be able to accumulate the way you are supposed to accumulate?, well for me it doesn't really matter whether married or not in terms of your Bitcoin accumulation because what is more important is having an accumulation pattern and remain consistent with it and you will see that even after marriage you will still be able to accumulate the same way you do.

Exactly taken the dip as an advantage to buy or accumulate more is a nice move and a smart one at that . But focusing only the dip , like waiting for the dip before accumulating ain't smart at all especially those that don't have much coin (bitcoin) in their portfolio. But for those who have already gotten themselves a nice Stash ( quantities of bitcoin) already, have the upper hand to focus on the dip only , like for instance someone with nice quantities of bitcoin can just take this recent dip as a chance to add up to his bitcoin stash and that may definitely make him to be in the position of ending up with far more better profits in a long run

Yes.. sometimes there are repetition of themes, and some folks understand and others do not.  At the same time, there are likely going to ongoingly be more and more people coming into bitcoin and themes will repeat, so members can jump in at whatever level that they are able to accomplish, including whether they are reading (and/or understanding posts), and some ideas might not make very much sense without putting them into practice or engaging in some kind of practice and interaction with bitcoin, which surely several of the regular members consider the activity of accumulating and investing to be preferable to trading or gambling, especially when it comes to bitcoin, but some folks might try to trade bitcoin instead of investing, even though we are not centrally talking about those themes in this thread.

Buying bitcoin dip is indeed an advantage, an investor can decide to buy with any strategy at any given time depending on the available income. Bitcoin dip is unpredictable and investors can always experience the dip at any given time but, having the available amount to buy the dip at the moment matters also. If anyone should wait or buy only the dip is wrong from my understanding because anyone can still use the dca strategy during this time till whenever probably each dip has a price difference and anyone can still be lucky to see a favorable dip that’s more beneficial.

Whether one be married or single it is always important to make plans as to increase our source of income so that one will be able to invest in bitcoin,  if their is no steady source of income or good source of income it is possible for someone that is still single to have some challenges with his/ her bitcoin hodling. The main plan for bitcoin investors whether married or singles it is just important for one to be able think on how to have steady income because it will help in hodling Bitcoin more without having mindset to sell out. Bitcoin investment is planning, when their is no good financial plans it can deprived one from meeting up with DCA method of hodlig .

You started your statement very well, but I'm really struggling to understand what you mean by this statement I highlighted above. As read through your post I understand you were saying that investors who have their funds readily available, should right buy their bitcoin,  instead of waiting for a perfect timing which does not have any guarantee of ever coming. Am just a bit confused about what you were saying when you made this statement. "This is why everyone no matter the financial status must know these things regarding Bitcoin investment in other to keep their investment ongoing wihotu risking it to loss". I thought an investor can only risk his investment to loss, when he decides to sell below the buying price? This your post was focusing on buying at all market situation. Now my question is how does such an investor who is waiting for his perfect timing, risk his bitcoin investment into loss if he eventually miss to add new stash to his bitcoin portfolio, provided he didn't sell his investment he has been holding?

These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.

I think that now many people have realized that saving Bitcoin is much better than saving money in the bank. And this has also triggered more people and certain institutions to deposit money into well-known exchanges to buy Bitcoin and then store it safely in their respective private wallets. Accumulating Bitcoin before getting married does seem much better, but that doesn't mean that every married person can't do something like that now. Because everything we do is based on a plan and also based on a path that we can take, so getting married does not mean it is an obstacle to being able to continue collecting Bitcoins using the DCA method.

Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.

Many times we are in too much of a hurry to get high profits from investing in Bitcoin, so we should not be in a hurry. If we can invest in Bitcoin investment with patience and without haste, check the market and plan for long term, surely we can achieve a lot of success through investment. Investing in Bitcoin is often seen that many investors are in a hurry and in haste they constantly regret when they face losses, so instead of regretting, they must be patient and leave Bitcoin for the right time. With bitcoin investment we can change our destiny if we make the right decision at the right time many times we invest in the hope of high profit only we lose because of our wrong decision so we have to make the right decision. If we know how to invest properly in Bitcoin, surely by hiring AB we can earn a lot of profit which will make us more interested to invest in the future.

But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well.

Depositing money in Bitcoin in other for you to be using it in your daily activities in a society were Bitcoin is not general accepted as a method of payment can be stressful and not a good idea but is better in a society were it is generally acceptable as a means of payment.
All method of Bitcoin accumulation one choose is better it should be something you are comfortable with the only method of Bitcoin accumulation I don't advise people to go into is waiting for the dip to happen before one accumulate that method is a time time waster and is very bad especially for a newbie to engage into.

When one is still single is more better and easy to be aggressive in his accumulation because there's no too much responsibility, if one was investing 50 percent of his income into Bitcoin when he was still single and he gets married still on the same job his investment percentage will reduce to 20 or 10 percent because he now has more responsibilities however if he gets a higher and bigger paying job it may still remain the same for some time.

To achieve success in bitcoin investment is not only through DCA, but can be done with accumulation or lump sum, because the success or failure of someone in bitcoin investment depends on how they can make their investment plan correctly, be patient when the market is bearish, and be disciplined in their investment.

Because DCA is the best method that can be used by newbies who have limited capital to be able to buy bitcoin in smaller amounts but consistently. They do it over a long period of time, and they can be said to be successful when they get profit when the price of bitcoin is above their average purchase price.

Bitcoins can be used by people in any number of ways, but one can also buy and deposit Bitcoins in the case of depositing money. And it is much more profitable to deposit money in bitcoins than one specifically deposits money in a bank. But here the way we deposit Bitcoin in DCA method is the proper method, usually before marriage if someone wants to hold Bitcoin in DCA method then he should hold for long term. Because he will be more aggressive to accumulate more and more bitcoins if he has a family later.

I know how you feel when your ideas are been neglected though I may not be among this conversation but I came across this conversation and I deam it necessary to draw to your attention why most people don't respond to your ideas sometimes, but chose to respond to a similar case by some members here, the reason is because people feel you are too leaned or Morover you know too much for them to shear ideas with you. Rather you need to educate them as your level of experience is too high for them to comprehend. and their ideas may not be recognise or honoured by you.

And yeah surely there are times when people may bring up certain ideas in a way they think might be helpful, but talking about shitcoin instead of preferably bitcoin. Sometimes they may get an annoying reply by you and they get angry and may never reply to your conversation. And sometimes reading is another problem most people have, and lack comprehension skill. It takes a good reader and a good comprehension skill to understand what is really going on in this kind of thread where many people quote each other and ideas becomes disorganised so haphazardly to an extent where some information lost along the line of reply.

Sometimes the ideas you may try to shear with people may be hard to comprehend due to people's levels of understanding. In life there is hyrachy of understanding / authority. Though in this context we are talking about understanding, just like a person who has a master's degree or PhD will come to high school to teach students what do you expect? Though here might not be a high school as I may say because many people around the world is here with different knowledge. but the set of people your level of understanding matches with may not be here. Even if they are here they might be few. But you may see them in the wall observer thread as you usually visit them and they don't normally visit here because most of them may not want to oconversate with people who are not like them.

Though some people may be higher in rank here, and  may not be well knowledgeable as you think, but was just fortunate to be where they are in rank. Due to different ideas that may not relate to bitcoin but earned them Merit an looks as if they know more about bitcoin. I am not exempted from what am saying but I believe in due time more people here will learn more and be able to comprehend and contribute to your ideas.

I agree with what you say, those who have been following this thread for a long time certainly understand the current conditions very well and implementing the current purchasing strategy will certainly be very good, but before we can take advantage of the current opportunity, of course we must first prepare funds that can used to take advantage of situations like this because as you said is very true it is very rare that we can have this opportunity and if we just pass it by and can't buy it of course this will be very sad when we see the price has increased again and we haven't collected it.

A good investor will consider what he has acquired so far in his portfolio rather than considering whether we are in the dip. Time is a dangerous factor that affects investment yet people do not know. The more we keep procrastinating, timing the market respecting the dip to come, or looking for the best time to buy. The more Bitcoin continues to take is movement gradually till we notice that we haven't bought any at all.

If we feel we are experienced enough why do we speculate? Both the whales and the plebs can be affected if they do not mange their investment properly. Bitcoin is no obedient or follower of anyone. Whether we are rich or poor it doesn't mater. The wrong approach to an investment will surely fall. This is why everyone no matter the financial status must know these things regarding Bitcoin investment in other to keep their investment ongoing wihotu risking it to loss.

Which is not actually advisable to do if they are going to invest on bitcoin, since instead of finding opportunities on bitcoin by doing short term they might encounter a stressful situation in it. We can make this current fall of bitcoin as basis where it dumps at $57k which that situation  give a massive scare for those people who do short term.

If those investors will just think about long term and put in their minds that short term will never be their option for sure that they will never get bothered for any dumps and they provably just shove off those negative sentiments of people then continue those usual things what they do since they have already a target set on their minds. Also instead of waiting for perfect dip which I think doesn't exist maybe they should continue to execute their DCA strat since for sure they can get more better from it rather than trying their luck to earn on questionable conditions.