Topic: Buy the DIP, and HODL! - page 147. (Read 109337 times)

@justbillywitt, I will start by saying that past occurrences is never a guarantee of the future events but rather it only give a guide. Yeah historically Bitcoin has had a significant increase which has made those that invest earlier and hold for a circle or several circles to have had the compounded effect of their investment, there is no guarantee of being in profit simply because you invested in Bitcoin for a circle or more than a circles. Yes , it is a good thing that majority of us appreciates the potential that Bitcoin holds and have considered it to be one of the best if not the best digital asset investment. However, we shouldn't be in such a hurry to remember that there is also a risk probably that Bitcoin may not go up in value as we may assert or probably may go down of which no one can be certain of how much it could go up or down and one of the reasons why we are expected to have an investment plan of about 4 to 10 years or more is to ensure that we are able to put a good and reasonable size of Bitcoin and also not to see Bitcoin as a tradable coin.

Your point is well understood, but we need to really understand that past performances of Bitcoin doesn't in any way guarantee future results. Bitcoin has undoubtedly shown a tremendous growth in the past, but that still doesn't guarantee that its future growth would be exactly the way it was in the past, although Bitcoin has the potential for future growth and that's certain but factors could affect the pace and it could differ from past performances. Let's take for instance the COVID 19 pandemic that shut down the economy back in 2020, although Bitcoin recovered in the long run but it took it longer than it was supposed to. So the assertion that bitcoin will continue to increase in value over the next 2 to 3 years is only but a presumption and not certain.

The Bitcoin market is highly volatile and highly unpredictable, and a lot of factors has the ability to affect the price, so its really only not a matter of waiting for 2 to 4 years, but also about understanding the market trends as well as the current condition of the economy.
Yes many investors would be misled by the current DIP, because buying the DIP isn't enough, there's every tendacy of loss when you buy the DIP without doing your due diligence as an investor.

That's indeed an amazing and wise approach to investing in Bitcoin.
Market Predictions are not always certain and how much profit one can make isn't also always guaranteed. So stashing up as much bitcoin as one can could be considered a smart strategy because it's more of a preparation for the potential Greens whenever it swings by as well as the reds.

As far as bitcoin is concerned, Long-term approach is simply the best approach, because that's the only way one can be able to effectively and consistently accumulate a sizable number of Bitcoin over time and also average out short-term market fluctuations and also benefit from Bitcoin's store of value.
Although Historical trends doesn't guarantee future growth but the fact still remains that Bitcoin has the potential for future growth and one can only benefit from this when you consider the investment for the long-term.

it's not just about what happens after a circle in terms of the popular anticipated bull that makes it a better option to consider investing with the intention of holding for at least up to a period of 4 years. It's a two narrative that makes such timeframe reasonable. The first is that during this interval of time, you should have been able to accumulate up to a good chunk of Bitcoin if you're consistent with your DCA and that then we can now talk about the high probability that after the halving there will be a bull that will place your accumilation in a good profit. But at the end of the four year interval of time, it doesn't really mean that it should be the end of your investment journey or that you should just take out your holding because you've been able to invest for a period of four years. As long as we continue having invent like what's happing at the moment we're big investors are still troppiing into the Bitcoin ecosystem and a lot of nations are currently adopting Bitcoin and working with it, there is a high probability that before the next circle that Bitcoin would have skyrocketed to a very great amount and that subsequent circles will still see Bitcoin getting up higher and higher and higher.

One of the things that should make you know that you're safe with your investment in Bitcoin is the knowledge that that there are certajn DIP that bitcoin can't get to. Like this that bought Bitcoin when it was at $20k to $30k, it's vividly clear that Bitcoin isn't getting back to that price almost forever and as someone that started accumilating from such kind of price, you don't need to be bothered about selling your Bitcoin at the moment even if you've been able to buy up to a period of four years. same is what's going to happen in few years from now that Bitcoin might go above $100k and will continue pushing upward and never get below $100k making it even more convininece to continue accumilating above four years.

I can tell you for fact that there is a guarantee that if you invest in bitcoin now and hold it for 3 to 4 years that you will see profit. What I can't tell you is how much profit you will see. 4 years is another circle of bitcoin and from history there is always an upward price movement before the next bitcoin circle. Bitcoin wasn't trading at this level 4 years ago and it won't be at this level 4 years from now. Bitcoin price is measured in it's circle. So saying that there is no guarantee of profit in 3 to 4 years ahead doesn't seems right. I think you have to back the history line. The reason why we encourage people to hold bitcoin for at least a circle is because, that's when we know bitcoin price use to appreciate. And when something appreciates it means that profit is recorded. People that bought last circle saw profits, so anyone buying now and waiting for the next circle will definitely see profit, no matter how small or big it is, will be determined by your investment size. Just know this.

There are many investors who are very concerned about the price of Bitcoin but if they focus on accumulation and not the price they would actually reap the rewards. An investor will definitely not find any alternative investment platform to Bitcoin if he understands the gap between where Bitcoin was in the last era and what it has gone to in the next era. Bitcoin investment has the potential to achieve great success in the long term even if one cannot invest large amounts of money in the long term they can take their portfolio to a stronger level by doing DCA. Those who can appreciate the importance of Bitcoin will be reluctant to accumulate Bitcoin as there is little chance of good returns if the portfolio does not grow.

Surely, the knowledge shared here is even a whole lots of research for any one considering Bitcoin which I see  as one of the best if not the best place  to have knowledge about Bitcoin and it worth recommending, there is nothing wrong considering other peoples opinions if only it alines to your own believe because you are the chairman board of decision and risk taken of that investment such that other peoples opinions must suits your general conditions before considering it as regards to investment.

though I agree with your explanation, and I know your point of view. but what I was trying to explain is that earlier adopters as I presume was probably people that bought Bitcoin when it was $100 per 1 Bitcoin or lesser in price like $50 each. surly most people who may have bought 1 bitcoin at $10 may panic and sell when it increases to $20 and those who bought 1btc at$20 will also panic and sell when it reaches $40 due to excitement. those who bought at $40 will sell at $50 to $100 continuously as the case may be and parhaps bitcoin future was too misterious for people to have believe that 1 bitcoin would ever reach $1000 talk more of reaching $75k someday. the reason why people keep on selling and buying the accumulated stash then was that they think bitcoin price may never continue to rise, so selling it will be a better option than regret ever after but never knew bitcoin was far from their emagination. it is a normal thing in bitcoin investment.
people who are not patient always land themselves into a state of confusion which makes them sell too quickly  later down the road. sometimes the cause of given up hope on bitcoin is due to interaction with misleading fellow or people who dont have zeal or passion as you do.
 

Is good to see how passionate you are venturing into Bitcoin because those are the factors that keeps you consistent into Bitcoin accumulation, however I want to add this to you that no matter how could the Bitcoin price will be in the future if you are not consistent enough in your Bitcoin accumulation process you could end up not getting what you want in the future, so actually in as much as holding is very important and also the key to the success of our investment, regular accumulation of Bitcoin determines the amount of profits you will have when the time comes, so perhaps don't relaxed after getting some amounts instead you could possibly set a target of a certain years to get a certain amount of Bitcoin with that it keeps you more focus.

Well done girl for your detailed explanation am glad you did not take the time to bash him as he is new in the crypto space but rather, I appreciate you taking the time to share your knowledge.

He has a lot to learn and will definitely learn. I just wanted to jump into this conversation and add to it based on my experience, i feel it will be helpful to him. I think he needs to spend some time reading through thread about how strategies work or search for online resources that would help me better. But there are three most practiced strategies DCA and lump sum investing. This two can be helpful approaches for him as beginners. So, he can do more research to understand how to go about them.

Every market system is subject to price volatility and you need to continue your strategy maximum effort through it. Everyone continues to rely on their assumptions about price movements and make investment decisions. BTC market and its price ever dip and rise, we can make a guess by following past historical reference what is going to happen in the next 2-3 years cycle, many regulators with ETF approval or demand increase in different countries still guarantee much higher price rise.You can be optimistic and boldly pursue DCA and show the minimum of its intrinsic value in your portfolio and make every effort to fill the circle.Holding for a long period of time with continuation of the best DCA approach.

You actually spoke like a total newbie that you are, it is expected because majority of newbies are influenced by what they see others doing but just like you said you spent just an hour going through this thread, an hour is not enough for you to digest all the discussions here so I advice you spend more time to read and learn more on this thread, you can ask question where need be about any doubt you may have and you will be cleared by some knowledgeable users that have been very active on this thread.

However, our discussions here is centered on buying, hodling and DCA for a long time so as a beginner you need to put this investment strategies in order to become a better bitcoin investor. If you wish to invest now then you have to apply the DCA but you have to make sure that your in-flow comes steadily so that you don't stop DCAING along the line, when a heavy DIP happens then you can apply what we call lump summing which means to buy huge at a go then if the price increases again you continue with the DCA and by so doing you will definitely owe a huge portfolio in the long run. Make sure you have alternatives to your funds and also make sure you have some reserved funds that you can use to sort out immediate financial needs so that it won't hinder your DCA.

Yes, other people's ideas are only limited to opening our insights and points of view. Because when we start an investment, of course we will definitely see examples from people or bitcoin investors who have been involved in it for a long time. Because from there we can see several aspects, or learn from the experiences of bitcoin investors. Like learning about

> Causes of losses when investing in Bitcoin.
> Good and correct actions when starting to invest.
> Investment objectives.
> And capital management techniques.

These four points would indeed be better if we learned from the direct experience of bitcoin investors themselves. Because direct experience in the field will definitely be better. Then if we understand this, we will definitely have a new perspective and broader insight. And from there ideas will start to grow from our minds.

Yes , the market can be so uncertain but yet we might need to consider what we believe to have possibilities in as much as the past occurrence is not a guarantee for the future occurrence, focusing more on the things to be achieved will be better as it gives us that peace of mind to make an informed decisions as regards to increasing the quantity of our Bitcoin in our bags by utilizing various opportunities that shows it's self in the market which is better than worrying about were the price will be especially for a no or low coiner who needed to focus more on how to increase his or Bitcoin quantity.

There is this thing I would want you to do for yourself at first, are you really convinced to venture into bitcoin investment?
This includes bearing the risk associated to it without you in a day saying you were convinced by people over here because whatever lost you incur won't be replaced by anyone and bitcoin investment is like a personal choice and not what the public has given to you to do, as an investors you can seek their idea but doesn't mean that you should implement them as quickly as possible.

What you would is that take your time look over them and see if those thing suits you very much before taking your final step if you aren't that desperate of pulling of your investment after few months or in a year interval, because most people has been forced to sell of their investment since they had no additional source of income or any fund that is keep aside for emergencies maybe as a cushion money sets aside for sustaining yourself and your family all these are things you need to consider before putting some of your percentage into bitcoin investment.

Note that risk are not divided over here, so whatever thing you are doing you should do it at your own risk.

There's no need to show us proof of your bitcoin investment when you start investing in bitcoin because it isn't advisable to show your bitcoin online so that you will not be attacked. If you invest with everyone's ideas, you will not hold your bitcoin for a long term because you will not have enough money left to take care of your unforeseen problems. As a newbie, I will advise you to invest in bitcoin with the DCA strategy so that you will be accumulating bitcoin and also take care of your emergencies as they arise. The DCA strategy will help to control the volatile part of bitcoin in your portfolio and also control your emotions in deciding when to buy bitcoin. With the DCA strategy, you can also buy bitcoin even if the price is increasing or decreasing.

You can consider other people's ideas in adjusting your investment plan. If you already have your own plan then it is better for you to apply it in your investment journey. No one forces us to implement other people ideas because we are investing with our own money and we will decide. However, in this case everything needs good adaptation which we may not yet understand, so input from other people's ideas can open our horizons in investing in bitcoin.

The best way is to accumulate bitcoin every week with the financial level we have, for example if you can afford $50 per week then buy it regularly until you feel satisfied with your bitcoin ownership.

Our investment goals have various meanings, starting from investing for old age for those who have passed the age of 50 years. And also for those aged 30 years and over, maybe they invest to make a profit and buy things they have dreamed of.

So far we have only bought and it is difficult to hold bitcoin for long, therefore we need ideas from other people regarding their explanations of how we can hold bitcoin longer.

There's isn't any guarantees that one is going to make more profits in the next 3 or 4 years and above, because we can't actually tell the or predict the market movement. But still is better to have some good quantities of bitcoin stash, than having none just as sir JayJuanGee said inorder to be prepare for the up one should prepare for the down also by accumulating. The reason most time I usually encourage long-term holding, is because whenever one is holding and accummulating for longer-term purposes he or she will have enough time to stash some good quantities of bitcoin in Their portfolio, and the other reason is that base on history bitcoin as being tend to be increasing in value the past years , so we all believe such may continue.

Bitcoin is bound by uncertainty of what the price would be especially in the future. But doing one interesting thing is that you can be uncertain what the price would be tomorrow next week or next month. One thing is assured that the price in the next 2 to 3 years would be greater that what it is today, So the question is two to 4 years a so big that investors won't have patience to wait? Many persons are misled by the dip action currently thinking it will dip even more. My dear one doesn't need to be persuaded much a true investor will see an opportunity like this and buy the dip instead of thinking about where the price would be soon.

Very true.
It's very important to take personal responsibility when going into any investment. One should always define their financial goal so you know what you really want and how to achieve those goals. Also define your risk tolerance as well as your investment horizon. By doing this, it gives you the opportunity to be able to tailor out a suitable investment strategy that will be in alignment with your objectives and goals.

Many who do not know the importance of developing their own strategy often follow others' opinions blindly and this is sure to lead to poor decision making. This is exacythe common mistake that new investors usually make, diving into Bitcoin investment without first drafting their goals and tailoring a strategy that suits their goal, following and adopting someone else's strategy without even knowing the person's goals or considering first their financial situation, not able to diversify or developing a good risk management skill and then they end up making impulsive decisions drawn from their emotions.

You're absolutely on the right path considering Bitcoin for it's long-term profit, because not only will you reap the actual benefits of Bitcoin, it'll also give you the courage to overlook the short-term fluctuations in Bitcoin price.
A lot of investors who do not know this are obviously panicking and some are obviously selling at low price right now, maybe with intentions of buying when it goes even lower or closing Their portfolio for fear of not losing everything. Ignorance is a bitch...

Reading what you wrote about those who had already bought bitcoin back then in 2010 through 2014, I just can't help but to remember the famous case of Laszlo Hanyecz who paid Jeremy Sturdivant 10,000 Bitcoins for just two Papa John's Pizza. Whenever I remember that tale, I first of begin to imagine how Laszio would be feeling right now remember that he gave away over $643,000,000 (calculating with the current price of Bitcoin). Honestly I can't even imagine how devastating that'll be.

But one thing I've come to realize during my journey as a Bitcoiner is that, it doesn't really matter when you started building your portfolio, Some experts predict that bitcoin has the potential to reach 1M in the future, so starting to build your portfolio now with the right technique and HODLing through these short-term fluctuations, you'll be happy happy with your achievement in a couple of years.
Indeed.
Almost everyone knows about Bitcoin's volatility, although while we all anticipate price fluctuations, it's impossible to predict the particular direction and magnitude it'll take.
You're also right that even people who believe in Bitcoin's long-term potential for growth, it's also impossible to predict the exact timing, the extent it'll grow and the exact pace at which it will.

These uncertainty shouldn't actually be a bad thing, to me, it's exactly what makes bitcoin investment exciting and adventurous because the more you advance, the more you learn and discover new techniques and approaches, learn from your earlier errors and advance.
It's very crucial for an investor to know exactly how to understand and manage these uncertainties through risk assessments, long-term perspective, regularly balancing one's portfolio, diversification and always eager to research and learn more.

I think that part of the point is that we have a pretty good idea that BTC is going to be volatile, yet we cannot know exactly how much in either direction, while at the same time, we have some fairly strong senses that the price is going to be going up over the long run, while not being completely sure about that, how much it will go up or even how long it will take to go up.


Probably the more important part is the ongoing management of one's own cashflow... and yes within that there can be concerns about how aggressive the person is able to be in terms of ongoing bitcoin accumulation.


That sounds right.


When comparing to one's self, there can be various scenarios that are considered in terms of both projecting forward but also looking back, so surely there can be assessments regarding the level of aggressiveness, or how organized a person is in his finances or even assessment  of various mistakes that were made.. so one side and the other side (or variations) can be compared in each of these kinds of scenarios.


Sometimes when the BTC price dips, we just do not know if it is going to recover or not, or if we might be beginning a longer correction cycle or even a bear market.

Sure the four-year cycle and even things that are going on in the world (whether it is ETF approvals and/or government attacks on BTC) give us some guideline and some historical references, but none of those things guarantee price direction.. yet I am overall in agreement with you in terms of some value in buying on dips, especially for guys who are in a stage of their BTC accumulation that might be other than pure DCA strategies. .., which in other words, DCA is likely going to continue to work best for most newbies who are still building their BTC stash and who might be within the first 4 years or so of their BTC accumulation (and who might not have had been able to significantly front load their BTC investment).  Otherwise, there is nothing wrong with employing a combination of strategies...

 

So far in bitcoin's history, it has ONLY gone down below the 200-WMA the one time (between June 2022 and October 2023), at least for sustainable periods of time, so there surely may well be quite a bit of value to buy all the way down, because you cannot really know how far the BTC price is going to correct back down or how close it might get to the 200-WMA or if it might go below the 200-WMA again.

My tentative current expectation is that the BTC price will not go below 20% above the 200-WMA for the next 18 months or so, and sure I could be wrong in that expectation, but that is currently how I am considering the matter, absent some facts changing, and there have been so many times that I have been wrong in various tentative expectations that I have in regards to bitcoin's price movement - and so in that sense I don't make any kinds of meaningful changes in my own strategies, and/or BIG bets based on various tentative expectations that I form from time to time. 

   

Of course, no problem with that.  Each of us should be attempting to strike a balance that is sufficiently comfortable.


Some of them legally cannot do it.. They absolutely cannot buy bitcoin and hold it themselves, so the ETFs provide vehicles for them to get in, and there is almost no way that they were going to set of their own third-party custodian situation in order to achieve some level of bitcoin price exposure, since that is what they seem to want to achieve.. They are not concerned about being able to directly experience the various powers that come from self-custody - even though surely some individuals will end up learning about bitcoin based on their institutions getting involved in the ETF, and some of them will choose to get involved in bitcoin self-custody - in spite of various ways that self-custody seems to be under-attack in recent times.


I don't really object to your idea of buying below $100 as a kind of early adopter status, yet earlier adopter status is on a kind of spectrum with a lot of differing levels of early adopter, since if you think about it, even those various early adopter who bought a decent number of BTC below $100, they likely also got into bitcoin at various prices along the way and maybe also sold too much too soon, so they might have spent some time reacquiring some of the bitcoin that they sold.  

So, it can be a bit problematic to attempt to describe anyone in terms of locking in some kind of early adopter price.

There may be some real world feasibility for any of us to consider in regards to various costs of our BTC, since we might have certain amounts of bitcoin at various costs, and then we also have our overall average cost per BTC, and depending upon what we are calculating, we might use different calculations in order to either justify differing actions or to tell different stories about our BTC stash and aspects of our bitcoin journey. which can have real world results in terms of how many BTC we might be choosing to sell later down the road, and then how to calculate it.


Regarding your last sentence, I think that one of the most important things with bitcoin is to get started, so sure it is important to figure out your finances, but it still seems that the message should be to get started rather than suggesting that there might be complications in regards to having to learn things first.

Even though I know that there are some folks who are completely fucked up in terms of their organization skills and they have also gotten themselves in to various pickles in regards to how they manage their finances, and there are a lot of people who gamble in the way that they manage their money.  At the same, time I would like to presume that an overwhelming majority of folks have enough of an assessment of their cashflow to figure out if they have $10 or $100 per week or some other reasonable quantity that they can get started investing into bitcoin right away without putting themselves into worse finances than they might already be.

The mere organization of finances and also and putting together various budgeting matters is likely going to make a lot of people more rich - even though the more richness might not happen right away, but perhaps just over 3-4 years, a person who organizes their finances (which may or may not include putting some of that into bitcoin) is likely going to feel richer, and of course, having a stake in bitcoin seems quite likely to even put them in a greater position of actually being better off (even though there are no guarantees of such).


You make several good points Lidger - yet you deviate in a couple of regards - especially in the sentence that I bolded above.

1) sure no problem with planning, but it does not need to be accomplished prior to investing into bitcoin.. it can be done simultaneously

and

2) Fuck shitcoins and talking about the right coin.... that is misleading 1st because we are not talking about shitcoins in this thread and second because shitcoins are likely not investing, a waste of time and if you actually cannot resist the temptation to buy shitcoins, then limit the amount to less than 10% of the size of your bitcoin investment size, without cheating in regards to allowing shitcoin suck value from your portfolio.


I am not really against anything that you said, yet I would like to say that there can be levels of BTC accumulation that is enough and/or too much, so then once you feel that you have too much BTC, then you can figure out ways to sell some of it without feeling guilty about shaving some off here and there.  And, for sure, I am not suggesting that anyone should be selling large portions of his BTC stash.  

Even though there can be some accounting difficulties in spending BTC, I am not really against the idea of using bitcoin for transactions, especially in a sell and replace way, even if you might not really make any money in engaging in such conduct,, but surely if businesses support bitcoin transactions, that should help to inspire any of us bitcoiners to want to use their services, when it seems somewhat reasonable for us to do so.. which would be spend and replace.,. but yeah, I understand that sometimes there can be extra transactional obstacles that discourage spending and replacing kinds of activities.