Topic: Buy the DIP, and HODL! - page 141. (Read 122145 times)

What you have understood from what @jayjuanGee said is quite important knowledge for beginners like you because here we do not discuss trading or things that can throw Bitcoin into the market because of fear of loss or panic due to falling prices. Now the price correction is still continuing and this is an opportunity for everyone to make purchases with any accumulation and also any strategy. Because Bitcoin always has the potential to fly back after the price correction is complete, times like now should not be ignored by everyone without exception.

And beginners who already have an understanding of investing in Bitcoin in the long term, as you said, are usually beginners who already have a strong enough mentality to invest and buy Bitcoin with their existing accumulated capital. And if you are able to buy Bitcoin and hold it for four or ten years without selling it again in the near future, you will find something even more extraordinary than what traders feel in the short term because they are more tempted by small profits.

In the world of investment or business we have different set of people which is Entrepreneur and non Entrepreneur and this set of people has different perspective, vision, goals and the way they go about their investment, so actually the non Entrepreneur are mostly those that has a very short vision and doesn't see the greater pictures of what their Bitcoin investment will actually be in the future but instead they are more focused on the possible way to scout profits which always makes it  very hard for them to become successful on their Bitcoin investment, while on the other hand we have Entrepreneur who are known to be a goal seekers and doesn't judge based on the actual state of Bitcoin but instead they are more interesting on the bigger picture of Bitcoin and this are the set of investors that mostly do well on their Bitcoin investment and they could be known as the long term holders.

I don't know but if you are a new investors, you shouldn't complicated things in your end like selling it early and not holding it for a long time. I think that's what social media bring to his new investors though, as if they are being program that you don't need to be organized. You just buy and when you see profits, then sell it.

On the other hand, there could be new investors that totally shut down themselves from this crypto influencers, and don't complicate things by just buying. And maybe they don't really know what DCA means, but they might have been doing it in practice in the beginning.

Your example is not even good - even though it might partially address your own situation in terms of your getting into bitcoin (at least registering on this forum) in the middle of 2023.. .so there could have been guys, like yourself, who hesitated during that time, rather than just getting in and just investing into bitcoin regularly in spite of the price.

A similar thing can be said for the guy who came to bitcoin in early 2022.. and sure the bitcoin price dipped for most of 2022 and did not recover a lot in 2023, yet all of that time of 2022 and 2023 would have had been great BTC accumulation times.. and yeah, I am not even presuming that any guy would have had the ability to lump sum or to front load his investment into bitcoin in either 2022 or 2023, but those would have been great times for front loading into bitcoin too.

I think so much in this thread, we are trying to not necessarily presume that any guy is going to come into bitcoin with any kind of an ability to lump sum or to front load his investment, so the guys who are able to do that mare more likely exceptions rather than being the more typical case in which a guy has to just get started with what he has in terms of figuring out how much disposable income that he has and how much of that disposable income is he going to be able to dedicate towards building his bitcoin portfolio and perhaps other aspects of his cashflow and cash reserves.


Yep.. This does seem to describe the more typical and most likely newbie investor into bitcoin.. who just will be starting with whatever situation that he has and then perhaps being able to adjust his strategy to be able to become more aggressive in his bitcoin accumulation (investment) in the future based on perhaps learning better about his cashflows and also perhaps being able to either increase his income or to cut some of his expenses.

Getting started in Bitcoin can be a bit complicated for new investors because of their tendency to take short-term profits. At the same time they want quick profit and short time from their capital. However, Bitcoin gradually allows their investment to be more organized. DCA to increase the size of bitcoins which allows beginners to accumulate without any additional stress. But if you want to complete a cycle and get in decent shape, it demands hard work. But still recommend you to keep more capital at least some time. At this time you can buy short-term bitcoins with cash that you can keep separately but this method can be somewhat risky. I think it makes sense to have your investments this way compared to having idle cash.

Cryptomarkets fluctuate the most due to which many investors cannot control their emotions. They instead sell at times when they need to buy and increase their losses. But a bitcoin holder think differently and consider it as an opportunity. A Bitcoin holder tries to buy as much as they can at the time where others sell at the thought of a loss. Every dip comes as an opportunity to them. A Bitcoin holder sees potential in a period where a normal investor fears loss. A major advantage of holding is that a Bitcoin holder can remain stress-free regardless of market conditions, and through long-term holdings, they have the opportunity to make their assets as permanent assets.

Collecting Bitcoin and holding it for a long period of time will of course provide benefits for us after holding Bitcoin assets, but in the process of collecting Bitcoin, of course many things will be a challenge for us both in terms of capital and our patience when market corrections occur, so it is important for us to we understand well so as not to be affected by the price correction that occurs and we must stick to the investment plan that we have made and if we have made a profit, I think it is natural for us to take advantage and enjoy what we have invested.

Do you know that the best way to make a profit in Bitcoin is when you purchase your Bitcoin and the store for longer time before he use or you sell your Bitcoin many people does not know that the longer you hold your Bitcoin they more the price of Bitcoin appreciate, but people who is new into the system does not really like to invest for long time and when we are making this reference or this suggestions that the longer your investment in Bitcoin the more you are accumulate more profit depending the percentage of the market at that moment

What makes most people to miss out buying Bitcoin is due to so much exaggeration like drawing conclusions of how their investments will be when they haven't even made any investment because those times that are being spent in making analysis about the market can literally be a good time to invest because if we look at the price of Bitcoin since ending of last year till now it has encountered some significant gains so someone who has been waiting to see a real dip before they buy must has probably missed out. For example when the price of Bitcoin was around $35k, and an investor who wants to come in sees that the price was high and was waiting for it to dip between $20k to $25k and while waiting they discovered that rather than dipping the price tends to be increasing more and at last the price now got to this stage it is now don't you think that such investor would have lost interest and decides not to buy at all and that is the more reason why every price of Bitcoin is a buying point because you can't predict the outcome of the market easily since their are so many things that influences the market before it either depreciates or appreciates in price.


Literally, you don't need to have all before investing that is why the DCA method is there for investors who are new because they are at ease and not under pressure of any kind since they will be investing same amount of Bitcoin while using the DCA so someone that doesn't have much money can start with the little they have and be investing from time to time so if their income increases, they can also decide to increase their DCA depending on the amount they can be able to invest in without it affecting other of their businesses or daily requirements.

If now is not the time when is actually the time, an investor that understand the movement of Bitcoin will want to invest anytime hence such investor is not in a haste to withdraw his or her investment, it has been said severally that Bitcoin is not a quick money making venture, the price of Bitcoin asset is meant to undergo fluctuations as a result of its volatile nature, as this is seen as an established fact, are we suppose to wait further for its stability when we know that such is not possible, I think at this point in time we are suppose to utilize opportunity of the market instability because it may hurt us seeing people benefiting in the long run.
Bitcoin market uncertainty shouldn't hinder us from investing because that's it's nature and other asset has their concept too, the earlier we accept Bitcoin as it is, the better for us, as for me, the best time to accumulate is now.

With this one sentence you are contradicting yourself retreat.. Yeah, no need to invest into bitcoin if you already have some (or enough), but what if you either don't have any bitcoin or you do not have enough?  Then what?  And, who is going to tell you that you have enough or not?

Do you believe that the bitcoin price might be dipping more from here?

And then what if you wait for the bitcoin price to move up in order to confirm that it is going up, and so then it goes up 10% or maybe 15% in a very short period of time, prior to your being able to act, do you buy at that point? or do wait for the BTC price to dip back down?

To me it seems better to just buy consistently, and yeah, there can be some folks who feel a bit better to hold some of their extra cash aside for dips, yet of course there is a trade off with any waiting to buy, even though surely sometimes waiting to buy might work out and it becomes much more justifiable as a strategy to wait when you might have already been buying fairly aggressively at various points in time prior to deciding to wait for a bit prior to buying some more.


Surely "just DCA" is not a problem for brand new bitcoiners, and maybe even those who have either been accumulating small amounts or may have ONLY been accumulating for less than a whole cycle.. even some folks could have had been accumulating bitcoin for more than a whole cycle and still feel that he is in a zone in which he needs to consider continuing to regularly accumulate BTC.. even if he might be in decent BTC profits he still might feel that he does not have enough... .. so strict DCA might still be his ongoing approach.

Let's go back to the guy who has been investing $100 per week in bitcoin for the past 6 years and let's say that he has an income of right around $50k per year, and maybe his income has gone up to $75k in that same period of time to somewhat compensate for the ongoing debasement of the dollar... so yeah, if his investment into bitcoin may well have gotten him in the ballpark of 2.4 BTC, so he is not doing bad, but he still is hardly in a position to stop DCA'ing or to change his strategy... unless maybe he had doubled his investment during that time from $100 per week to $200 per week, but still that might not be enough BTC to really feel that he has enough to change his strategy.  .. surely 5 BTC would not be a bad place for a person of $75k salary to be.. but it would likely still not be enough to be at fuck you status or perhaps to be in some other place in which he might believe that some strategy other than ongoing DCAing would be the most justifiable of strategies.

although despite the high volatility of bitcoin it doesn't necessarily mean that success is definite. investing in bitcoin with a high hopes of getting a big return in the time of reap or harvest may disappoint you when you fail to get the exact results at the expected time. for example some people bought bitcoin during the time bitcoin was very high and during the time of selling may get disappointed due to the dip in price as compeard to the time of buying. this normally happen to those with a short time frame or horizon of Maybe 4 to 5 years interval or vise Versa, meaning a person who invested in such short period of time may also make alot of profit. although it may also occur to a person with a longer time investment plan, but let me just take for example if you may have invested or accumulated bitcoin through DCA around 2018, 2019, 2020 to Nov. 10, 2021 when Bitcoin reached an all-time high of $69,000 and your goal was to invest within 4-5 years intervals, surely if the person decides to sell off his holding in the 5th year being 2023 you will notice that the profit may be lesser than expected, except that such person may be lucky to sell around the new ATH like that of 2024 which was $73.7k so it's unpredictable. we should not Invest in bitcoin and have a higher hope, if not we may get disappointed when we least expect. but that doesn't mean we should be discouraged to invest in bitcoin. Because bitcoin is the best digital asset to invest right now all over the world. it should be a privilege to have a slice of it before it becomes more expensive.


I don't think so, and investor doesn't look at the Market fluctuations but rather take advantage by buying more. we have experienced decline as a result of corrections and some other factors like rumours and fake news in the bitcoin market, so it is an advantage to any investor to buy and stack. Bitcoin has already surged higher upto $73.7k as ATH which is expected to go above that price sooner or later. for you  saying that it's not the right time to buy bitcoin may be misleeding to most persons that uses the opportunity of dip to accumulate more.
there is always an opportunity to buy more expecially when it is dip.

your explanation is quit complicated, you seams to be conjugating matters making it look confused. how can you be talking about market fluctuations and when to buy or sell which is directly pointing towards trading, and also talking about buying the dip and HODL. I think you should be more specific in your explanation than mixing things up together.

Buying Bitcoin and hold for few months is trading which I can say is off topic because this talks about Bitcoin long term investment of about 4 to 10 years or more, with the DCA you can enter irrespective of price point, with Bitcoin long term investment plan invest  anytime you have your money readily available for investment such that there is no best time ,@ jayjuanGee will always say that the first best time was yesterday and the second best time is today . Bitcoin is not a quick and get rich scheme.

but still there are people like that in the bitcoin market where they invest money that they shouldn't invest in the hope that they can get profit when the bitcoin market is going up, especially when the market is bullish, there are many people who FOMO and just follow other people investing in bitcoin, maybe because they are inspired by the news where someone gets millions of dollars, then he invests all his money without realizing the risk of the investment he made. things like this are what investors should avoid because they shouldn't invest in bitcoin when they themselves don't understand what it is and just hope that they can get profit with the price increase, it feels like gambling your money.

I think you misunderstood Promise444c5. What Promise444c5 was trying to say is that the DCA strategy allows investors to accumulate bitcoin during the dip. He is completely right. With the DCA strategy, you can accumulate bitcoin even when the price is increasing or decreasing because you are not buying all your bitcoin at once. And that is one of the reasons why most investors choose to accumulate bitcoin with the DCA strategy: it controls their emotions. With the DCA strategy, you will never regret accumulating bitcoin at a high price because you know if the bitcoin price drops, you will still accumulate bitcoin at a low price.

Why even bother postponing, when you ain't even sure of the next price. You see, procrastination is literally what makes these set of people to postpone buying of Bitcoin at a certain price when they understand that Bitcoin might barely return back to the exert price of their expectation.

Take the last long bullish trend that we experienced as an example. After Bitcoin met its ATH after the ETF approval, we noticed it still maintained a certain range for weeks. And there were certain people who had procrastinated about buying even before the approval of ETFs.

Knowing how well rumors can impact the market, we might just see Bitcoin rising again and maybe even touching 68K in a short time. There is no perfect time to buy, I think the current $64K looks good enough. Trying to look for a dip lower than this won't do any good.

On the contrary starting now if you have not is the right decision, however Is sad to see that even after learning from the mistakes and wrong decision most people has made especially the starters on their Bitcoin investment you will still like to repeat it again because the regret of most people has been that out of their desire to buy Bitcoin when it gets to a certain price and they ended up not buying at all because while they feel that is not the right time to buy Bitcoin that's actually when the price is moving more higher, so actually that Bitcoin price has not shown any particular direction is moving doesn't mean that is not good to invest now, so if perhaps you feel that this is not the right time to buy Bitcoin, then when will it be okay for you? However considering how the price movement was few months ago and people were also feeling that Bitcoin will drop more before they start buying but before they realized themselves it was already a regret for them, so as a holder it doesn't matter what the price of Bitcoin present at the moment but instead what is more important is your consistent accumulation because to be able to have a sufficient amount of Bitcoin in your portfolio you will remove the idea of any possible dip before investing.

You are right focusing on the future of the investment is very important because that would be your guardian that no matter the unforseen circumstances such challenges, speculations and Bitcoin price movement will not have any negative impact on your investment because your goal is to see what your investment will worth for you in the future, so in other words determination is one of the major factor to the success of achieving that.

Those who are new to such platforms are a bit hard to believe because they are buying a virtual coin with their hard earned money that they don't realize the real existence of the coin. An old member and those who have invested in Bitcoin multiple times may not remember these before investing but a new member can remember them and they can definitely ask an old member about these things to get clear about them. But over time we must have some understanding of all these investment platforms and from that understanding we must place our trust in all the coins we invest in including Bitcoin. If we don't trust the coins after investing, then we can't hold that investment for a long time.

There nothing like right time in bitcoin's investment, every moment that arises is great opportunity to invest so long as you apply the right strategy. DCA is a game changer  giving you edge over market conditions, just keep accumulating bitcoin and increasing bitcoin stash. Whether you are buy during dips or going for lump-sum investments, as long as you are in it for the long-term, you willl benefit from Bitcoin's potential growth. Stay focused on that long-term vision.

I agree with you here. There are a lot of things that human cannot be satisfied with and Bitcoin is one. As much as i know, every investor would want more and more Bitcoin in their portfolio. But what baffles me the most is that they want to see it grow and multiply yet they do not do the necessary things to make that happen.

Once something works for you then you may likely repeat it often. If one is successful in investing in Bitcoin by reaching their required goals and target.  I will be petty much happy to see that such person takes another goal or target and achieve that as well. Repeatedly if possible, as long as the finance or capital is there to achieve it.