Topic: Buy the DIP, and HODL! - page 131. (Read 122091 times)

Since their aim is to buy the dip, and sell when the price is slightly above the buying price, shouldn't we call such individual a trader?, rather than a short-term investor?. Because from own point of view, a short term investor might decide to buy the dip, or even make use of the DCA approach, but won't do the investment for long, as he/she might want to capitalize on a very good opportunity such as a price that is convincing enough to take profits. While a trader on the other hand might just want to capitalize on every slight price increase, just as you've mentioned.


This is just the major problem, Time wasting. Having the mindset to buy the dip is clearly a way of wasting time, as most people hopes that the value of the dollar doesn't depreciate, but the image below is an example that says otherwise. It is  advisable to buy Bitcoin the moment you have the funds. Though buying the dip is very profitable, but we must understand that it is time wasting as the dollar value does not appreciate much, but rather go the opposite way.

Many people who seek to buy Bitcoin at a dip are typically short-term investors. They constantly look for opportunities to purchase Bitcoin at a lower price and sell when its price rises slightly. This strategy is their primary method for making a profit. However, the reality is that these individuals often struggle in the market because the price of Bitcoin may not drop as they expect. Even when they manage to buy Bitcoin at what they believe to be a low price, the price might not increase as they hope. As a result, it can take a significant amount of time for their plan to work out, and even then, the profits may not be substantial.

For those who are prepared to hold their Bitcoin investment over a long-term period, it is highly advisable not to wait for a price dip. The Bitcoin market is notoriously difficult to predict, and someone might keep waiting for a price drop that never occurs. Instead of waiting for the perfect dip, a better strategy for accumulating Bitcoin is to buy whenever you have available funds. Another effective method is to use the Dollar Cost Averaging (DCA) strategy, where you invest a fixed amount of money into Bitcoin on a regular schedule, such as monthly or weekly. This approach helps mitigate the risks associated with trying to time the market and allows for consistent accumulation over time.

There should be no reason to encourage waiting for the dip even if you want to lump sum because what if the dip did not come in a long period of time. You will keep you funds in fiat instead starting your Bitcoin investment journey with regular DCA method and start building it gradually. Someone that starts right away with DCA method already have a bitcoin investment even though it is little, amd he is better of than who has a big amount of money in fiat waiting for the dip to buy with all his money.

Some financial challenges might arise that he will be forced to used part of the money to solve. Buying at the dip is good if you are lucky to have an unexpected funds from somewhere and you buy right away with the money and you are still on your regular DCA without stopping. A new beginner should not stress himself that much to start planning for the dip because it might slow down his accumulation process. New beginners should only focus more on how they can continue using DCA method to accumulate bitcoin persistent and consistent in order for them to reach their goal faster.

If the dip comes, you will benefit from it because you are always buying. Bitcoin price has dip but I am still doing my normal DCA buying and I am also benefiting from the dip. DCA method is a win win method.

I don't think anyone who has been a dedicated follower of this thread is actually concerned about the bearish market condition. Infact it is a perfect time to execute one of the buying strategies that's often discussed in this thread. Looks at the name of this thread and relate it to the current market condition and you will understand that we have been equipped for moment like this. We don't care about those people that their heart is broken right now, according to what you said above. It is not our problem. We shouldn't focus more on other people's problem. Our major concern should be making the most out of this opportunity that present itself, because opportunities like this don't come very often.

We should never forget about one thing concerning bitcoin being a volatile currency, it may appear bearish today and that doesn't depict we are in the dip as what we have to first consider is the season for the market and not about the move on the market price volatility, because you could realized another new thing from what we started the day with by seeing the market rising and pumping fast after the said bear, bitcoin is so interesting in such a way that we cant predict it or the way of its moves sometimes, not even by our speculations or the experience we have from reading the market chart performance that determines the state of it equilibrium with price, this is mostly on the influence of its demand and supply.

You are very correct, i started this join of Bitcoin accumulation with my friend and he has been waiting for a dip to happen why I was busy accumulating using the DCA strategy, he called me this morning telling me about the dip and he will start accumulating now and I told him this his strategy will lead to him not accumulating much.
Waiting for a dip is not right what if there's no dip or if it takes long for a dip to happen, the only way I will encourage waiting for a dip is when you want to use the opportunity to do a lump sum apart from that waiting for a dip is not advisable.
This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked.

Yes at the moment those that wait for the dip before accumulating Bitcoin is exited now because Bitcoin is at the dip but I don't see such method as a good one because Bitcoin is a volatile asset it simple means that they won't buy Bitcoin when the price is high which will make them not to have enough Bitcoin in their stack because they always wait for the dip before accumulating Bitcoin.
For those using the DCA strategy they are in a better advantage because the method helps them accumulate more Bitcoin in different price level either weekly or monthly and I believe that now that Bitcoin is at dip they are very much excited because they are accumulating Bitcoin at low price with the mindset of hodling for long.

Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL.

Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?

There is no strategy you will adopt when accumulating Bitcoin without been successful only if you keep on accumulating more Bitcoin and hodl for a longer period of time, you can adopt the DCA strategy without hodling your Bitcoin for long and still become unsuccessful. What matters here is how much quantity of Bitcoin you were able to accumulate and hodl for longer period of time between the range if 4-10 years and above you can be successful in an method you wish to accumulate Bitcoin with be it lump sum strategy or buy the dip strategy or DCA strategy what mater is how much Bitcoin and how long you were able to hodl onto with besides always waiting for the dip before accumulating Bitcoin is not a good strategy of accumulating Bitcoin.

You have raised quite relevant concerns regarding investments, especially with regard to Bitcoin. In fact, the qualitative analysis shows that attaining and maintaining financial buffer as well as having discretionary income is critical for sustainable investing. Without the latter one, a person might be gambling or trading where the stakes are higher.

The differences between investing, trading and gambling are very important. Investing is generally a process of buy and hold strategy (4-10 years or more) is given to the assets so that they can grow and endure market volatility. On the other hand, trading as well as gambling are characterized by smaller time horizons and greater volatility.

You’ve proposed to use not more than 10% of Bitcoin amount or budget for trading/gambling, which is very good. This approach enables people to combine a portfolio with the right amount of aggression if this is what he/she wants.

For a Bitcoin to be accepted as an appreciable investment avenue, one cannot deny that there exist markers that depict it as a worthy investment requirement which once invested, an investor can afford to wait long-term to gain large returns.

Your focus on budgeting, systematic risks, and wise investment strategies is very pertinent for anyone who wants to start investing, especially in the unpredictable investment opportunities like the Bitcoins.

Long-term Bitcoin holders never lose as long as they don't release Bitcoin at the wrong time or are patient enough when they see price drops in the market. Because if we look at a more distant time, of course there are still profits that can be taken by Bitcoin holders whose duration is not just one or two years. However, to hold Bitcoin more consistently and buy it gradually every month, of course this will not work the same for married people and unmarried people, especially if the person is a woman who already has children.

This means that a married person will always be hampered by larger monthly expenses because he has to support his own family with the income he earns. So even if he can buy Bitcoin by setting aside a little money, it won't be easy enough for him and sometimes the amount won't be that much. Because those who are not married will find it much easier to plan their own decisions when they want to buy Bitcoin with a much larger amount of allocated funds because they only think about small expenses for themselves.

while @Hallroom's opinion that it's only those that buy Bitcoin during the DIP that will eventually become successful is totally wrong, it does appear that you're mixing a whole lot of things up while you're attempting to refute his claim. Note that investing using the DCA method doesn't mean that if you have the means and ability to DCA with a huge amount that you shouldn't. As a matter of perspective, MR Jame can decide to do his DCA with $40k per month and might have what it takes to DCA consecutively up to 4 years nonstop while  Mr Jack might look at buying $40k worth of Bitcoin as a lump purchase and for others, the same $40k might be thier accumilation goal they expect to archive for a timeframe of 4 years.

What I'm saying in essence is that, regardless of the strategy you choose to adopt while you're buying your Bitcoin, you will certainly meet some level of limitations and resistance and iether you buy using the DCA methord or buy during the DIP or combine the two strategies or even have your own strategies, you're certainly going to meet some level of Resistance and like you're enviseeing something happening along the way, it's something that can happen with any strategy you choose to work with. The fact that some uncertainties might come up along the way is the main reason why you've got to make good plans for your emergency funds such that regardless of the methord of accumilating Bitcoin that works well with your case, you can easily sort out those issues with your set out emergency funds and continue your accumilation journey. The reason why the DCA methord is preferred by most people as the surest methord that yields succes for majority of people including those that are still new to the investment system is because buying your Bitcoin with the DCA methord will give you ease and comfort and will allow you to buy your Bitcoin at your own pace without going too aggressive or being too concerned about the price of Bitcoin. It also allows you to buy Bitcoin at your regular DCA time while ceasing certain DIPs to add up to your DCA. In the end, regardless of the complications that's associated with all the methods of accumilating Bitcoin, it's just best to find which method works well for you and stick with it while keeping your emergency funds and the source of your income intact.

Yes, if a person plans to hold bitcoins or starting DCA during the time he is single, he can definitely benefit in the long run. Every person should make a prior plan to manage their life, especially from the financial point of view. One can accumulate as much bitcoins while being single but that may be difficult when one is married. Moreover, those who want to be economically successful should focus on their financial side according to prior planning. I think singles or those who focus on bitcoin savings before marriage can be financially independent in the long run. Although Bitcoin does not guarantee profits but in the long run Bitcoin holders never lose.

It maybe doesn't give any guarantee result to other people but at least they have a program to follow which can help their accumulation process to come smooth. Also the problem is not on the strategy but rather to the person who do it. Since if they understand how everything works with the method they are using and they are well prepared financially then anything bad movements to the market will not scare them.

But if they easily got panic on the situation especially right now when they see the dump then sold their bitcoins then we maybe can say that they failed for using that strategy because they either doesn't understand what they are doing very well or they are out of budget then got afraid to lose more money because they can't afford to see more dump to happen since it will affect their overall funds. If they enter this type of investment they should be prepared and have stable income source since this would settle everything and they would hold bitcoin for long years without getting any fear about market volatility.

A change in the title doesn’t affect the discussion alright but, it could be miss leading as a few users including myself often looks for this thread in order to keep up with the discussion as close as we could and participate just as much and should it come by a different title, having to find an adjust would pose a different challenge.

I was greatly surprised on the direction Bitcoin took as at yesterday and even more so today when I looked at the charts. Just on Tuesday, it showed a bullish formation on the rise and as at today, it’s dipped even below $58k and now at $67k. This kind of breaks the hearts of those whom might have been expecting a price appreciation, waiting to take profit but,
For someone who have got a long term plan on investment and looking to buy, the red candles is a go green.

I think this calls for a rethink for short term investors to look towards a more distant long term plan and pitch their tent.

Success can be achieved in any bitcoin-accumulating strategy, and not only in the DCA strategy. Every investor just needs to make the right plan when accumulating bitcoin to achieve success in bitcoin investment. The reason why the DCA strategy is mostly used to accumulate bitcoin rather than a lump sum buy is because the DCA strategy allows investors who don't have a good income source to buy the dip to accumulate bitcoin during the dip, and it also controls their emotions. Even though they buy bitcoin at a high price, they are not worried because they know if the price drops, they will still accumulate bitcoin, which will be an added advantage for them. From what bitcoin has achieved this year, there's a big possibility that its price will reach six digits. Next year, so many people will regret not starting to accumulate bitcoin this year because of how expensive it will become. After we have accumulated the quantity of bitcoin we want, success can be guaranteed by how long we hold our bitcoin investment because the bitcoin price will not remain like this; it will keep on increasing.

To be honest, using the DCA strategy doesn't guarantee that it will be successful with certainty, because of course that's not all in investing, there are still other things that must be taken into account, not just strategy alone. Now if we implement the DCA strategy but there are other problems that occur suddenly that can affect what is being carried out.
People who invest using the DCA strategy may be keeping their finances stable, because they cannot afford to invest large amounts at once and they are using the DCA strategy, but of course they also have to pay attention to other things that should not be ignored because they need to be remembered. Whatever strategy we use does not guarantee that it will definitely make us successful. If something happens along the way, it can affect us even though we try to avoid it, but no one knows when the bad luck will come.

It's just a change in the title which can be said to not have a big impact on the discussion, but if you are someone who prefers buying on Dip and Hodl, of course you can visit this thread every time you enter this forum. Because now I see that Bitcoin is experiencing a price decline that is slightly worse than previous months, so you can prepare yourself to buy on the Dip and hold it until you find a more appropriate time when you want to release it again into the market. Because I was also preparing myself to be able to buy on the Dip again when I saw the price drop today.

Yeah , and i kinda  prefer this one too, because this was the name it was when I first saw it and it always bring this comfort whenever there's decrease in market price , what will just come to my head is to buy the dip and HODL, not to panic. So I think this name is more coller than the other one to me though .


I will say there's no guarantees holding for long-term though, what I mean holding for long-term doesn't mean that you ain't going to experience any losses, but it is more ensuring than holding for short-term. What I mean is that holding for long-term will definitely increase the chances of you making some good profits in Bitcoin especially when have enough stashes, and everyone have Their definition of long-term, some long-term holding is just 2 years while some are 4 years and more , so in those years we can't tell what will be Bitcoin price that's why we should focus more on getting more stashes, because the more you accumulate the more your chances of making a large profit increases, that's the rate of accummulation is directly proportional to the profit you will make in a long run.

For those who invest in bitcoin and sell before getting good profit, I would say learn to invest for long term without regret. Because we all know that there is very little risk of losing money invested in bitcoin. But if one is long term.  Investing for time will never lose money. So I thought of investing in Bitcoin for long term rather than keeping money in the bank. I thought if I do this, am I making a wrong decision or am I making the right decision?  Sometimes I think. But I see investing as a very important thing to get something good in life.