Topic: Buy the DIP, and HODL! - page 130. (Read 130492 times)

What I was trying to say is that those who started Bitcoin investment newly should not be concern about any dip in Bitcoin it shouldn't stop them from accumulating consistently and that those who has accumulated for 5 to 10 years should be the one worried because of wanting to sell, because one won't sell in a dip since selling in a dip will be a lost.
The message I was trying to pass is that when there's a dip, people who started Bitcoin investment newly should continue there investment.

@SuperBitMan, the price of Bitcoin shouldn't be a problem for an old time investor that's invested for about 5 to 10 years cause they should've already been aware of volatility and have encountered several dips and upsurge so I don't think your first statement is clear enough, cause newbies are the ones who should be more worried about any slight dip giving that they're not very familiar with the market and would easily give up holding if there's no motivation from anyone. However, to any investor who falls under such category, here's a motivation for you, Microstrategy a multi billion company and one of the top holders of Bitcoin is thinking of acquiring more rather than selling, and they're considering using $2b of their shares to do that, my point is that if a big company is not frightened by the dip and see that as an opportunity to purchase more then every other investors thinking of long-term should learn and be motivated by that. Well I agree with your next statement that it's a wise decision for one to have a stable source of income before embarking on Bitcoin and the person mustn't be very wealthy to acquire bulk BTC but could embrace the DCA method and invest bit by bit depending on the strength of their income.

Getting worried about the price of Bitcoin should be for people who has been accumulating Bitcoin for 5 to 10 years and not people who just started, the reason why some people who just started Bitcoin investment always get tired very quick is because they are very much concern about the price of Bitcoin.
And I don't think knowing if you have accumulated enough is a problem, before starting your Bitcoin investment you should have a target, which are how much will I be investing on Bitcoin weekly or monthly, when will I become aggressive in my Bitcoin accumulation, what do I need to do to protect my Bitcoin so I won't dip hands into it and how many years will I accumulate and hold.
If you know all this I don't think you will have a problem in knowing if you have accumulated enough for yourself and mind you what will be enough for me may not be for you that's why you need to discover it yourself.

If you don't have a source of income I don't think is good to start Bitcoin investment, some people usually start and along the line they run out of cash, before starting a Bitcoin investment have a source of income without having a source of income you can't succeed in Bitcoin investment.
And I really don't like waiting for the dip before buying Bitcoin I think using the DCA strategy is more better, some people feels they could only accumulate more during the dip but the question is what if there's no dip for months.
For me I think being consistent with the DCA strategy and also having savings is the best, when you have savings you can use it to accumulate more when ever there's a dip.

I understand what betswift means you know when you are DCAing constantly you are opportune to buy bitcoin at various prices and someone that only use lump sum to buy bitcoin only without DCA will not enjoy that much from the volatile nature of bitcoin if he hodli for a very long time compared to that investor that is on DCA regularly, because if he has lump sum already, whenever bitcoin price dips below his entry point he is not in profit. But an investor that his DCA is ongoing constantly, whenever the price of bitcoin dips he will also buy at that period and that will make him worry less because he is also benefitting from the dip.

That is how DCA minimizes the volatile nature of bitcoin because when we want to access our portfolio if it is in profit, one needs to use 200MWA to get the average price of bitcoin in your portfolio and that is what DCA does to help you balance it because you will buy when the price is very high and at the bottom of the dip. Overall, it is good use DCA to build and grow your portfolio and if you have an unexpected funds, you lump sum immediately and hodli to help you achieve a fast growth of your portfolio.

You are actually sounding as if there is so much big deal about those who bought as Bitcoin price drops, it doesn't actually make any difference between those who are doing there DCA by buying at any price, funny enough if someone who is still new on Bitcoin investment sees your statement they will feel that there is no need to invest since they have missed a great opportunity to buy without knowing that is not something that should affect them, so you should know that whether dip or not it doesn't stop investors from there accumulation, however the only little advantage about the dip you are actually talking bout is just the quantity to be accumulated, for instance if the investor normal accumulation pattern is $20 or $30 weekly the amount they will get on Bitcoin now will be a little higher than when the price will be $75k, so that's the only difference but that's not something to be concerned about because even when there was no dip we were still doing our DCA so perhaps price dip should not be an issue.


DCA has nothing to do with minimizing the impact of volatility in the price of Bitcoin, so don't get it wrong because when we talk about volatility is the nature of Bitcoin and is also inevitable so long as the price is concerned, so we did not go into DCA because of minimizing it but instead we choose DCA because is a good method for long term holders to go through.

You joined the forum during 2014, and learned about Bitcoin before me. If you bought the DIP and HODLed and/or DCAed since 2014, then your average purchasing price would be very VERY low so mini-crashes going to $40,000 or back down to $20,000 would never cause you any panic.

But for those who have NOT started their accumulation process, START TODAY, and study everything about Bitcoin while accumulating.

Actually not everyone got panic in this situation since we able to see that bitcoin price slowly recovering this scenario give relief to people who know that this events really happen. Maybe those people who got panic are in trading, But usually those people who decide to hold their bitcoin somehow find a good opportunity to increase their holdings by buying bitcoins at bargain price.

But we can't really deny the fact that there are people crying for help because they are liquidated. This scenario is somehow a wake up call for people that trading is really risky option to do especially if they don't know how to handle well the situation currently occur. If they just decide to hold for sure this current dump will not give them much stress. But seems lots of them likes to play fire that's why some of them got burned when bearish condition occur.

You did repeat yourself a bit at the end of the post, but I agree. Some are fortunate because of the dip, some - are not so much. In the end, the situation is both good and bad for different people, but we should use it to our advantage as much as possible, going both in spot and futures, thinking about how it can be worked around.

it is true that this certainly makes some people panic like those who already have BTC assets. but the other side of this moment is definitely what those who want to buy BTC are waiting for because the price is surprising all those who know BTC. but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.


With the current price of BTC that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.



coinmarketcap

Yeah, with it, we try to minimize the impact of volatility change, by dividing our funds into smaller sums, so I may agree with you. We shall see how much our portfolios will feel the impact of it, though

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path. 

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

Great words, I do think we are going to see some dips in the near future (because of the geopolitics, US news about the job market (we already felt that, but there can be more to it), and much more, the elections aren't done yet as well), and this should be seen as an opportunity, for all people involved. Spot will lead the way, in my opinion, and the red I am seeing now won't stop me and my course of action. It's our nature to panic when the ship starts shaking, however, those who are brave enough and go with the sea waves enjoy their place under the sun.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.

That's why it is good for us not to invest our whole money in bitcoin investments so that we will not be tempted to sell our bitcoin investments for short-term profit to sort out our financial needs. Since bitcoin is a long-term investment, we should invest in it with the money that we can afford to lose so that we will not find ourselves in difficult situations that will make us sell our bitcoin to survive.

Investors who intend to invest in bitcoin, because they see how other investors make good profits from bitcoin investments are not traders; they only have doubts about bitcoin investment, and for such people to invest in bitcoin, they need to see someone who succeeded in bitcoin investment to clear their doubts about bitcoin.

Even though we don't know how far the market will dip, I think anyone serious with buying the dips should have had majority of his orders filled by now that market moved from $70k few days ago to $50k today which is a price differential of about $20k, representing 28.6% drop in price. If this is not dip to anyone, maybe the person is expecting a bear season before he consider that a dip. What the market is doing now is correction and for an asset like Bitcoin that is very volatile, over 20% drop in price is a huge retracement and a good opportunity to take buy positions. It is possible the price will go lower than this or and it is possible it will not but the main point is that anyone buying the dips out to have taken some good positions by now, keeping just a small fraction of his fiat should the market go lower.
 
Most of the lessons from this thread is how not to panic especially in a time like this because it is nothing new. Consequently, when we see this market condition, instead of panic, it should be a time to make smart decision that produces more Bitcoin to the collection at very discounted prices. Besides, it is also at the core of our discussion here that provisions should be made for a time like this so that we will never have any reason to fret or feel any urge to sell when we do not plan to do that. The present market condition is rather a good opportunity for more investments and not a time to panic.

Subjectively, not everyone would be panicking because some are already waiting for this time to come especially those good at analysis, following patterns and professional advise such as the informations we gather hear most peoplw wouldn't be panicking during this temporary down trend of bitcoin. If anyone should be panicking apart from short term investors it should be shitcoiners who believes some kind of scam coins.

Perhaps not everyone understands the fact that bitcoin it a paradigm which is absolutely not of the same category with shitcoins. Every one holding shitcoins are just gamblers trying out some kind of odds hoping it goes in there favour but bitcoin is certainly not anything relating to that which is a very big identifier or differential point to not in categorising bitcoin and shitcoins.

Additionally we can not make definitions for anyone so it's up to every individual to decided whatsoever they want regarding bitcoin and shitcoins.

I don't understand why we are making reserves in USDT because in the end it won't affect anything especially USDT is a stable coin so why keep a long time in something like this? If indeed we still have reserves it is quite reasonable from fiat because after all this may be a preparation from us in planning for some needs including for investment but to save in USDT I think it is not necessary because it will only waste time especially we have prioritized to be in bitcoin so we don't need USDT as a reserve.

As long as I invest in bitcoin I just heard the term double dip buddy. and I searched and this is all I found


https://www.merriam-webster.com/dictionary/double-dip
If indeed what you mean is in, then I think it is also a thing that cannot be categorized for investment in bitcoin because after all in simple terms it is a condition where we will receive two incomes from the same source and it will not exist in bitcoin because the focus is only investing and we will not get any other benefits other than the results of the investment we do nothing else.

Is not everybody that's currently panicking through the sudden drop of Bitcoin price, though you can be right in some extent because the only people that would so much experience the panic you are referring to are the short term holders or those traders who has already gone long during the time Bitcoin price was a bit higher but for the future holders panic is not on there agenda because long term holding is like investment that opens the eyes of everybody who wants to hold to know about the market challenges such as price dropping or dip, so that when the time comes they would never be scared or having a doubt about there investment, so actually holders already knows that dip is inevitable in Bitcoin investment so instead of panicking they would always see a possibility, so the only time people will stop there panic is only if they will reason or see from the direction of holders they would no that Bitcoin dip does not present any challenge on there investment.


Is a good idea because Bitcoin investment is one of the best way to set a good starting plan for the future of our children, though I no that each person has there investment target but I think this idea needs to be given a thought especially those who have children because if they did not think about it now there could come a time when they would realized the importance and by then they may not be financially strong to carry out that plan again.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You know that's the one of the problems that's associated with waiting for the dip, when the dip finally comes, people who has been waiting for it still get terrified to enter the market, as they are still believe that there is still some more coming. That's why most of the time they end up buying nothing. That's why having a dip percentage ahead of time is encouraged, so that the moment it happens you buy immediately and still set another level so that if it dips further to that level you buy again, to avoid missing out. There is total fear in the market right now, but to many it is an opportunity.

This is where DCA strategy comes in very handy, and that's why it always the most preferred by investors. for people who has been utilizing DCA strategy very well their portfolio won't be as bad as those people who has solely relied on the other methods at this time. At times like this we should not focus on looking at our portfolio, for people who are not psychologically and emotionally strong. This situation will mostly bother investors who are into bitcoin investment for the short term.