Topic: Buy the DIP, and HODL! - page 131. (Read 130547 times)

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.

I don't think you should be concerned about others sentiment because even though the price has gotten a huge DIP so far, some people will still be waiting for more further DIP or will be dreaming of a massive dump before they can buy and they will keep on exaggerating before they know it the price will recover again and they end up not still buying at the DIP price they have been waiting for. Those who will buy Bitcoin despite the entry price will still buy whether there's a DIP or not so don't be too concerned about those procrastinators in the name of waiting for a DIP price to buy.
        Anyone who is panicking now that a DIP is happening does not even understand the reason why they have Bitcoin because it's either they lack courage or they are hoping for the price to skyrocket so that they can sell. Why monitoring or viewing your portfolio when you already know that corrections are meant to happen in the price of Bitcoin. The earlier we develop a strong confidence in the ability of Bitcoin to survive despite all criticisms and hateful words from the enemies of Bitcoin, the better for us all. I don't see the reason why anyone should panic about the decline in the price of Bitcoin. It is a normal phenomenon.
        For anyone with reserved funds, this is the opportunity to buy more at a DIP price and relax, no cause for an alarm.

Whoever is taking profit when he is still in his accumulation stage will only wreck his bitcoin size because no one knows for how long that you need to invest with DCA and hodli for long term before you will see good profits. Imagine a new investor that decided to accumulate bitcoin with DCA at 55k price and when bitcoin price reached the new ATH which was $73k and took profit because he saw little growth in his bitcoin stash. Now that bitcoin price has dip drastically, he will be at double loss because his original amount that he invested in bitcoin will have decreased due to this dip, and the profit he took will make it decrease more than assuming he didn't take profit at $73k.

The market is unpredictable and that is why a new investor should not put profit taking in his mind at all when investing a me buying regularly with DCA to keep building his bitcoin stash because taking profit is the most risky thing to do. It is good that before thinking of profit you have over accumulated more than enough bitcoin that taking little profit from your bitcoin stash will not even affect the generated profit from your overall bitcoin portfolio.

Thinking of selling at the early stage means that you want to turn into a trader, which is not good for an assest like bitcoin with high volatility and that seems like you are gambling instead of investing. One thing that makes me to hate selling part of your investment when you see a little profit is that you will still want to sell again depriving yourself from reaching your bitcoin target quick that is why a new investor must avoid whatever that will make him think of selling during his accumulation phase.

My bad...thanks for the head up. Hodl is only for bitcoin and I believe that word is used so that new investors will understand that bitcoin price can increase in value more when you keep it for a very long period of time. It is an indirect word that tells people not to sell their bitcoin.

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

It’s been a bloody Monday so far.
You go to your charts and all you would find is how all the coins are bleeding and Bitcoin has dumped to a price of $49.8k as at the time of this comment. Volatility is everything in Bitcoin and this dip beats many expectations for the month of August. I guess no one saw Bitcoin at this point.

Having to invest based on success stories or when others have benefited isn’t the best way to take up an investment. What you get to benefit here is the scraps of investment and nothing more. We can hardly call it that though when we talk about Bitcoin given that, it’s still in the green phase as a lot of investors are yet to step in but, we can’t compare ourselves with those that invested from 2010/11.

I agree if we need to be stayed in a good way then we have to manage things on better way for this as trader of investor having steady income is ideal deal and this need some good strategy DCA is surely one of the best for having small and regular basis but with this if we are able to hold things for long term this will be give us good profit as well.

As now, I am also going through for this way I am also trying to have strategy which allow me to have flow of money regularly because this will make lifer easier for me and I will be able to have enough funds for using them regularly and also have enough funds for accumulation. We have different mind-set for keeping bitcoins because keeping long term is surely not easy even it's profitable but if we are able to have flow of money on regularly then we can do everything for more profit.

Having that mentality of taking profits at some point in your investments in Bitcoin will only leave you into being emotional especially when a DIP is happening, that is why it is not good to be too focused about the profits you can get from your investments because having that mentality will only lead you to the feelings of selling when you have realized some profits that is why we should not care much about the profits we gonna get during our accumulating stages until we build a portfolio that we will be proud of and since our goal is focused on long term definitely the profits will be achieved but let's not always focus on profits because it can stand as a distraction and can even make you to consider selling even when your investments is not matured enough.

Talking about investors who tend to invest after seeing the profits of others, they are traders in my own opinion since what enticed them to invest was the idea of taking profits but a real Bitcoin investor don't think about making profits yet at the early stage of their investments all they do is buy and Hodl.

You, me and all of us invest in the hope that we will get a profit from this investment at some point. Even if you invest with the expectation of profit, everyone has a different investment strategy. Those who are true investors will take the risk of money and wait enough time and sell their investment when they get enough profit on their investment. But there is a class of investors who start investing only after seeing the profits of others, but they don't want to see how much challenge and how much patience that investor has taken in pursuit of profits. We have to invest with the expectation of profit, but the investment cannot be sold within a few days after investing.
After we invest if we have some profit in our investment then we will be patient and keep investing consistently. 

I know it's challenging for many so we have to maintain our investment consistency with minimum amount so that we can invest regularly to meet all our needs and family needs. Don't take any amount of investment as small remember that from that point the amount becomes huge

apart from those whose local currency is In USDT, I don't think it's reasonable to have a USDT reserve that's possibly kept for buying the DIP price except it's an institution that has the potential of buying with the DCA method and can as well take out from her reserve to buy the DIP because they probably have some excess reserve.
Most of the things that works well for institutions don't apply the same way for the individual investors since they most likely have some financial constraints. The good thing with the DCA is that you get to experience all the several market conditions and while you might buy during the dip and might not have the resource to buy in bulk, you're certain to have built your Bitcoin portfolio by buying at consistent and regular intervals at the different market conditions.

I don't quite understand what you mean by Double DIP but like you've already pointed out, what you look at as double DIP might not even stay too long at that point and I'm wondering how much Bitcoin you would be able to buy at these range of prices? maybe because it has gone below $60k and almost approaching $50k is what makes it look like a big deal but in reality, it doesn't really matter as long as the amount you have at hand isn't much and you can only buy with an handful of cash. DIPs are best taken advantage of by people that have built a strong portfolio already and are just maintaining thier Bitcoin staçk and so might have some spair reserve that can go into moments as this but if you're still doing your DCA, it's best to stick to it and not get moved by the correction that we're currently experiencing now so you don't get tempted to invest above your means.

Exactly JayJuanGee, most folks fall so easily to believe that the typo error HODL means hold on for dear life, like it doesn't even make any sense to a core HODLER because inasmuch as our target for investing in Bitcoin is for a continuous growth of our portfolio but we shouldn't be so dumb to believe that we should HODL for life, what is the essence of HODLing then? It doesn't even fit in because no one can actually hodl for life and it will even be very naive for someone to believe in HODLing for dear life. However, we can agree it was just a typo error of HOLD rather than believe in some misleading definition of the acronym HODL.

However, the price of Bitcoin has been bleeding lately and it is a good time to buy more at a DIP price for those of us who have reserved funds we can take advantage of the fall in the price of Bitcoin now to buy at a DIP and HODL for long term investment growth.

If a person has USDT reserves and has invested regularly, they definitely have the best opportunity to buy dips. Because they may not want to buy dips as a result of regular investment, invest regularly and buy dips quickly must be sustainable.

Because I bought double dip and I am accumulating balance to buy more. Because this bitcoin dip will not last long, it will end very quickly. So those who haven't bought bitcoin dip yet can quickly collect bitcoins to grow your holdings.

Nope! It wasn't misspelt you can call it whatever you want either HODL or Hold ... you should notice I used Uppercase for the HODL because its an acronym formed for Holders so using it as HODLing will still mean Holding it's just  a slang same goes with HODLers which also means Holders just as I have said earlier, so it's a free world actually I.e any one can use the one they wish to use what really matters is is that the "Hold" word is being passed.
The recent market Dip is mostly advantage to buy DIPs (always remember that )

Your description of "emergency funds" seems a bit off and even misleading, even though you are not really technically wrong, yet I would suggest that emergency funds are not really coming from your disposable income, even though they should have had been built up from your disposable income.  So yeah, emergency funds are a kind of building up of disposable income, yet it is likely that in your mind and conceptualization of your emergency funds, they should end up getting tagged as something that has become largely untouchable and are likely somewhat designated for expenses in the event that income dries up or expenses go up. So once your emergency funds are designated as such, they should no longer be discretionary, but instead tagged in order to ONLY be used within limited "emergency" circumstances.


This part of your post is likely not wrong, but it is a bit strangely outlined, and it seems to me to better consider various kinds of back up cash in the category of emergency funds and reserve funds, and yeah of course there are float funds too, but the main two categories would be emergency funds and reserve funds, so yeah the emergency funds are the amount that you are never going to touch outside of an actual emergency.. so yeah you could have them 3-6 months, perhaps, but the larger that amount is, then the less flexibility that you have with them, so personally, I find it a bit more realistic to attempt to keep some of those back up funds to be considered as reserve funds rather than being so strict as to classify so much value as a kind of "untouchable" category of emergency funds, which seems like it may well end up contributing to way too many restrictions and perhaps even contribute to a lot of folks getting forced into keeping way too much cash on reserves which may well cause them to end up having way too much money in bitcoin and too much capital that is absolutely not working and continuing to lose value.. which is already a BIG part of the plight of poor people to have many difficulties to even have any kind of meaningful investment into anything that might end up being appreciative (or even preserving) of value such as bitcoin rather than having way too fucking much of their actual savings in cash that is ONGOINGLY and inevitably losing value.. so if they have too much in cash they are never going to get ahead or get out of their rut in which the government (their government) is likely ongoingly robbing from them by debasing the value of their cash.    


Fuck crypto and shitcoins. We are not talking about shitcoins here, and for sure HODL or HOLD does not apply to shitcoins.. Out of the various crypto that you might be trying to suggest bitcoin to be within such category, HODL (HOLD) only applies to bitcoin since bitcoin remains the only one that has any meaningful expectation of long term value, and that is also part of the reason why DCA ONLY applies to bitcoin too, since shitcoins do not have any expectation of long term value and any shitcoins that you might want to buy or trade or gamble with or consider yourself to be "investing" into need to account for ideas of both when to get in when to get out, and if you are striving to use any shitcoins as long term investments, then hopefully, you are not so dumb as to allow your allocation to be anymore than 10% of the size of your bitcoin holdings, while also hopefully not cheating in terms of the ways that you might continue to buy shitcoins in regards to keeping on allocating to them when they are likely going to ongoingly lose in the long term relative to bitcoin.


That is correct.  The term HODL largely sprung out of the mistaken spelling within that thread (and perhaps other bitcoiners making fun of the idea of the misspelling, whether the misspelling had been done on purpose or accidentally out of a supposed drunken stupor... so then the misspelling of HOLD into HODL has become a bit of a folkloric practice that largely took off from exaggerating the contents of the opening post of that thread.


Your redirect of some potentially more important areas of inquiry in regards to bitcoin seem like fair questions, even though they are quite BIG ideas that may or may not be necessary to consider in order to consider bitcoin to have a decently strong investment thesis.


That is a strange concept.  Each of us should strive to set up systems in such a way that once we build (or as we are building) our emergency funds, we will never have to tap into such emergency fund.. absent some actual emergency.. and for example, if we already know that we have very unreliable or very erratic income and/or the same with difficult to predict expenses, then likely we are going to need to keep more than just an emergency fund, and we are going to have to keep reserves to deal with our already known unreliable/erratic income/expense issues.  Knowing about erratic income/expenses should surely not give anyone a free pass to dip into their emergency funds when no emergency has actually taken place.

Each of us has to figure out these matters, and if we cannot even build up enough back up funds to ensure that we are going to be able to invest into bitcoin for at least 4 years, then that means that we do not have a disposable/discretionary income that would make us a candidate for investing into bitcoin and if we still decide to buy bitcoin with money that we are going to need in less than 4 years, then we are trading/gambling rather than investing into bitcoin.... and surely those are personal choices that anyone is free to exercise their own judgement in regards if they want to trade/gamble with bitcoin in circumstances in which they are do not have sufficient income or cash flow to invest into it.


Most likely buying bitcoin would be an ongoing process for anyone who does not already have lump sums or other investments (or cash on hand) to buy bitcoin right away, and surely there could be some folks who fit into a category in which they are able to lump sum into bitcoin rather than to buy into bitcoin over time, yet I would speculate that those kinds of folks are not even close to as common as the folks who are likely going to buy into their bitcoin position over a decent amount of time, even some folks will spend 4-10 years or more just accumulating bitcoin prior to being able to transition into some other kind of phase of their bitcoin journey, and even once they might come to feel that they are mostly done buying, it seems doubtful to me that they would go straight into selling their BTC rather than engaging in some kind of a maintenance or other ways of managing it which might incorporate some sustainable selling that is based on price and/or based on time.


That is not true.

Yeah, there are some folks who subsequently came up with that dumbass and misleading acronym, but just because some folks came up with that explanation of HODL, it does NOT mean that is what HODL means... including the inference that any of us should agree with that definitions that the accumulation and holding of BTC is as difficult and/or as emotional as that wrong acronym attempts to ascribe to the meaning of holding bitcoin.  You can believe such bullshit if you like, but I am not going along with such made up bullshit.


This part is true.


This part is dumb and you seem to be making shit up, Justbillywitt, which means that you are largely repeating misleading nonsense and seeming to agree that holding bitcoin is a scary proposition.  

On the contrary, I would think that holding fiat should be amongst the most scary of propositions, especially if you don't spend your fiat within a reasonably short period of time, and that is part of the reason that so many folks seem to be becoming more and more scared to hold very much fiat since fiat is ongoingly assured to lose its purchasing power.. especially moreso in recent times and made even more apparent since around March-ish of 2020 and various outrageous ongoing fiat printing times thereafter.


Surely you are repeating Justbillywitt's nonsense and even UPping your own level of nonsense by suggesting that holding applies to both bitcoin and to shitcoins (which is your including dumbass vague concepts such as "crypto" and suggesting that implicitly bitcoin fits into such category.. as if all shitcoins and bitcoin is of a similar category - which is an additional layer of nonsense that you are adding into the mix of nonsense that you already proclaimed by agreeing with Justbillywitt's already existing nonsense).


For sure there is nothing wrong with buying and holding, as long as you are talking about bitcoin and not convoluting the topic with references to shitcoins - however, you add in such ambiguity and/or vagueness regarding what you are referring to.


What is so difficult about this?  A "hodler" seems to be a person who HODLs..   No need to really elaborate on the concept, unless we need to discuss what they are HODLing.. In a thread like this, we should be referring to bitcoin, but you seemed to want to bring shitcoins into our discussion of things that you believe that a HODLer would HODL.. which that part would truly end up being the wrong way of thinking about the matter of who is a HODLer.


This seems like another area in which you are asking a question that should be fairly easy to answer through basic common sense.. to the extent that anyone might attempt to extrapolate the plain meaning of the words.

Surely, some of us might have our own ideas of what might be the characteristics of an "ordinary investor," yet that opens up a whole rabbithole, and if you are asking that kind of a thing, you may well be attempting to go into the weeds about a point that was not very central to the overall points that were being discussed in regards to the general suggestion of buying and holding bitcoin.


Sure.  that part is true.  They pretty much mean the same thing, but the misspelled one likely would have a kind of purposeful attempt to imply a bitcoin specific context, even though some folks might not know how to differentiate bitcoin from shitcoins, so they might get mislead into the applicability of such misspelled word, and surely HODL has also been used in various shitcoin circles to to mislead normies into ongoing accepting ongoing attempts for the pumpers of shitcoins to continue with their ongoing affinity scams that try to mislead normies into considering bitcoin and shitcoins to be close to the same thing (or close enough to the same thing to mislead normies into erroneously concluding that either can be held).


Fuck investopedia.  They are wrong about the meaning of HODL.   Furthermore, if you are believing that HODL applies to shitcoins in the same way as bitcoin, then you don't seems to be sufficiently understanding of the difference between bitcoin and shitcoins...

But hey whatever, believe what you like in terms of the meaning of HODL and also in terms of where it applies and if you believe that such ideas influence how many shitcoins (or how to actually allocate to shitcoins, if at all) as compared with how you might allocate and treat your bitcoin holdings.

It defeat the interest of investor to became consistent on their accumulation especially if they always look forward with the dip then accumulate. This is really wrong action to do especially if they are going to engage in long term investment with bitcoin. Since it maybe could give them fear to accumulate at highs and that could slow down their accumulation plans, so focus on current thing they do and just think about the dip is a bonus so that there's no further issues will float and they can smoothly execute their good actions done with their investment.

HODL word also explained so well here https://www.investopedia.com/terms/h/hodl.asp

This became a famous word for people in crypto and this is always been said especially if they want people to make people encourage to hold their butts to hold their coins if there is a long dump happening or they just want to invest on bitcoin for long time.

I understand a little better after you explained it, that liquidation can be linked to various contexts in terms of investments made. Of course you are right, if we make a mistake and cash out BTC, of ​​course that is something we don't want. For this reason, I want to strengthen my investment foundation with the power of reserve money which I am ready to prioritize for anything that happens to my investment.
I will use the reserve money well to buy bitcoin when the price drops further, but I will also take it if I need money for life needs which may be quite urgent and we don't need to cash out BTC.

On the one hand, I do invest with a budget of 10% of my income so that in the 1.5 years that I have passed there have been no obstacles that have disturbed my finances in terms of my daily living needs.

And hopefully there will be no mistakes I will make. I plan to make this investment an investment for my children when they grow up.

At first will say it was misspelt instead of HOLDING , he wrote it as HODLING. But now is a slang well known in this space , some will say "holding for dear lives", But you can make use as the both when it comes to keeping yah asset for long in this space. Well we all seen the recent dip in market, the market is bleeding. But still I'm composed because I know what am holding (bitcoin) , not any random shitcoins, so I'm cool , I will just keep playing my role in accumulating more and hope you guys are doing the same . This ain't the time to panic, to stack in more coins.

You are absolutely correct and we all know that every field or discipline has there term or language so this particular word HODL, is a Bitcoin ( crypto) term which means that we shouldn't sell our coin when markets go down or become volatile, it can also mean to buy and hold. I don't know what you mean by hodlers and I don't think if there's something like that, seeing what ordinary investor can not see doesn't mean  what that investors sees is certain and if possible I will like you to emphasis more on what you mean by ordinary investor.

Note: there's no difference between HODL and HOLD they both mean same thing, just that HODL is not an English word but they both is/are talking about keeping something.

HODL is just an acroynm which means, hold on for dear life. Each letters represent a word of it's own. Irrespective of what is happening in the bitcoin market Hodlers  are not concerned or bothered by it. People who Hodl are long term investors that doesn't care about what happens with bitcoin prices. they are not just motivated to path ways with it. Hodlers are investors who see what ordinary investors are not seeing. That's why it is spelt differently from Hold. Anybody can hold bitcoin, but not everyone can hold on for dear life.