Topic: Buy the DIP, and HODL! - page 155. (Read 109306 times)

You are basically talking like a fool, and like poor holders talking like that. You can usually reach the roots of others by using DCA techniques.

Those who have started using Bitcoin once are basically always updated, and ready to buy more and more. You notice that the current holders are basically invested in Bitcoin for the long term. Long term investment is the only useful one.

You are new here and I believe that you don't understand how bitcoin investment works. Listen to what JJG is telling you, as he is well experienced in bitcoin investment and he is also a strong hodler for a very long time. His ideas and knowledge was what helped me to reach the level that my bitcoin investment portfolio is, without stress. I explained to you in my last post the reason why your strategy is dumb.

We are here to learn and share knowledge, and not to claim that we know it all, whereas we don't. You might think that you have the best strategy because you have not talked to experts in the field. Being open to learn from others is the best. Try using DCA strategy to accumulate and hodli for long term, and see if you will not give testimony of your bitcoin journey. However, if you think that it is not cool with you, you can do whatever you like with your funds, but don't start crying later when it did not work for you.

going through his post, t's no strange the dude has been into trading before joining the forum and probably isn't looking at Bitcoin from an investment point of view but rather as one of those quick schemes he can lay hands on to get quick profit and I guess that's where issue of holding Bitcoin for long term as opposed to his idea of taking profit goes to show the clear disparity.
@ArumiBTC, you've got to go through the forum and learn some basics so you don't continue giving responses like this that's considered shit post and might attract some penalties, if you're okay with what someone has said, it's just beat to accept it rather than making a one statement phrase like this. You've got to learn how to stick to the context of each trade and render your opinion in a way that doesn't put your writeup under list of spam post or off topic post.
This might help https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657

Fuck your strategy.  It is off-topic.  Don't you even realize that?

Maybe what I was trying to do was provide a cursory response to your post in order that I should not have to state the obvious, which is we are not talking about trading in this thread.. .. do you see anything about selling in the OP or in the title?

Sure, there are likely quite a few posts that we incidentally talk about various places in which selling might apply, but that's not the thrust of the contents of the overwhelming majority of posts in this thread, which has to do with various ways to accumulate bitcoin through buying and/or holding, and even if we might want to consider your proposition in a liberal way, in which you are trying to suggest that you  (and/or anyone else) can get more bitcoin by selling and then buying back cheaper, then maybe at least you might be struggling to stay within the parameter of the topic, but still that is not even a very convincing way to accumulate BTC.

And, by the way, we also seem to argue quite a bit about the idea of accumulating BTC by buying on dips, and personally, I believe buying in dips is a supplemental strategy, especially when it comes to newbies, no coiners and/or low coiners, and the overwhelming majority of the world fits into the nocoiner/low coiner status (which means they hardly even have enough bitcoin), which likely includes you.

You are brand new to the forum, and unless you are going to tell me and or any other member here that you have been accumulating BTC for 4 or more years or you frontloaded your BTC investment, otherwise, you are likely low on BTC, and the best way to resolve that problem is to establish a practice of regularly, persistently and consistently acquiring BTC, and you would not likely be able to accomplish those kinds of BTC accumulation goals through selling BTC.. You accomplish BTC accumulation through employing various forms of buying that largely fits into the three categories of DCA, lump sum and buying on dips (which may or may not include front-loading) depending upon your own financial circumstances.


If you believe that there might be some value in terms of employing your various tools in terms of buying on the dip, then surely members might be want to try to learn about some of that or at least it would be somewhat relevant even though many of us consider buying on dips to be a supplemental strategy to something like DCA or lump sum investing.  Yet your earlier post was referring to selling, so largely you are seem to be approaching the whole bitcoin matter from a trading rather than an investing approach, even if you might be wanting to label yourself as some kind of a sophisticated investor to the extent that you are even in the right thread to be presenting your trading and/or gambling strategies while perhaps striving to have them considered as if they were some kind of a reasonable form of investing, which they likely are not anyhow, even if you might want to believe that whatever buying on the dip strategies you believe are learnable by normies.. as compared with normies who largely just employ DCA strategies are going to beat the pants off of the overwhelming majority of traders, especially if we start to look at BTC portfolio value performances over longer periods such as 4-10 years or longer.

I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone.

It seems he did not go through the main topic of the OP before saying all those things. Buying the dip is not a full accumulating strategy its a buying pattern that comes in the middle of an investment. The investor chooses to buy the dip irrespective of the strategy he is using to accumulate faster. Such a reason is to increase the speed at which he would reach his goal. The reason why buying the dip cannot be a main strategy is because it requires timing the market and most times it would take ages to get time the market. If its adopted as the main strategy surely it will slow accumulation and most times the investor won't get a perfect time.

Most likely that it is since that statement is just for people doesn't really know how to execute well their hodl plans. Maybe they are just caught up with some hype brought up by the discussions but they don't understand very well on how to make it done on real situation. Waiting for the dip is just for people who want to do trades and the risk for them to lose their money is high with that. If they really want to learn about how to hodl well then maybe they should research how DCA works or other methods to use for this plans rather than thinking about waiting for dip then accumulate since most likely there's nothing gonna happen to them if this is still their mindset.

@ArumiBTC is yet a newbie with no knowledge about Bitcoin, i blame his ignorance on this case if not a person who has been acquainted with the forum, specifically on this thread would not make such comments. I hope he continues visiting this thread to learn and abolish every poor investment strategy he has in his mind. I wonder if he knows a thing about Dips and how the Bitcoin market functions.

In 6 months time you going to regret picking this strategy and realise trading especially in future is the best way to end up in deficits.
I don't know about it been the best investment but I can say it's one of the best investment currently as well as a great means in having full custody of our wealth.

Taking loan is never an option when investing in Bitcoin.Like everyone here keep emphasizing that invest on what you can afford to lose,so taking loan with the mindset of investing on Bitcoin is wrong as an investor.When we talk about investing it refers to long term,now this is where most investors fail to understand long-term isn't 6months or 1year when talking about long term it simply means holding your Bitcoin for 4-5 years,so all I'm saying in essence is investors should avoid taking loans with the perspective of investing on Bitcoin because loan taking has deadline for payment and if an investor can't meet up the payment deadline it will make the investor tamper on his or her holding to clear the debt.It's best we accumulate bitcoin from our source of income and using the DCA strategy.

No doubt poverty start from the mindset of a man, the way one think determined how far the door of success can open, there no body who think this way can achieve greatness is like jeopardizing one future with temporary benefits that amount nothing.

Many discussion here has shown how far one can succeed on this Bitcoin investment as no other best way and easy means than using the DCA strategy and Long term holding, thinking otherwise by deploying any medium of selling and buy with short time which the profit may be very infinitesimal is not ready to change he/her financial level because by their fruit we shall know them. But very wrong by the way to be in forum like this and still loose opportunity that changes your life by investing wisely because any less than holding for long time is just like cutting corners which amount to nothing, a short cut is always a wrong cut.

It sounds like you are going to have fun staying poor.

Since the only way to really see a good profit on Bitcoin is by holding and we all know what holding is all about because it has to do with a long term process so getting a loan is the worst planning as an investor because the chances of paying back the loan through the investment is actually not going to be possible because it could happen that immediately the person gets the loan and invested it on Bitcoin the price starts falling and instead of seeing profits the investor is still losing and we all know how Bitcoin price fluctuations could be at times were as it will consolidate within a certain zone for a while, so if perhaps the investor is still on the losing side when the loan will be do for repayment how would he be able to repay the loan?.

Actually Bitcoin is the best investment that has ever happened to us but going about it in a wrong way could seriously get you into a serious trouble, so perhaps that's the reason why Bitcoin is not like every other investment that requires a huge funds before starting up, so instead of getting a loan one could actually use the little he or she has to start investing using DCA method because you don't necessarily need too much capital to start.

Actually, buying on dips definitely requires time to wait for the price to fall to the target we want. In line with this idea, you have to apply another idea so that your bitcoin accumulation continues, namely buying with the dca strategy once a week. To apply it simultaneously you only need to divide your money to buy in dips and buy regularly so that you will focus on the two patterns that you will carry out in bitcoin investment.

So far, I think people have misinterpreted buying at dips, where they only wait for the decline but don't make regular purchases so that it will make you need more time to reach satisfaction with your BTC holdings.

This idea is far from the main objective of this DCA strategy for me this method can't be called seen as long term holding but trading, which deviate from the purpose of the DCA because all your target is where little profit will come in and you sell and also seek means of buying back. To everyone who can do well on trading I can't say is bad but in this case here our major focus is the DCA which is associated with long term holding , buying and selling is associated with many risk that can kick out investor easily in the market because is like steady monitoring the system which most time one may loss out as you may not trigger more than the required buying and selling that can give you enough profit. But in the case if the DCA as you keep holding everything accumulate for you you don't need border much on monitoring the system or market since you have a targeted year. One of the most important thing of DCA is that the more people hold or practice long term holding it quickly bring to reality some speculation of BTC rising to some level ATH before when there is no much selling the the investor may buy higher due to few are selling in the market from this rise you that have invested on DCA is gaining more on your holding but if you continue to sell you depreciate the speculated market by investors. Though not DCA can accommodate everyone but not possible all we use the method but engaging many can actualize the dream of raise the price through holding for long term.  if truly is DCA is your target using the method is not ideal and has nothing to do with DCA As is strictly trading pattern .

I will not support borrowing to invest in Bitcoin. The chances of it ending in trouble is high because loan have duration to pay back which you are not sure that Bitcoin will be able to have risen for you to sell and pay. Besides, buying Bitcoin with borrowed funds will steal the peace of mind that is needed to hold the investment for long term which is highly recommended for investment in Bitcoin.

It is very difficult for an ordinary individual to borrow funds whose tenor is 5-10 years, the benchmark for Bitcoin investment. The best I have seen for individuals is 3 years tenor and this is even through government intervention programs. Borrowing to invest in Bitcoin is under 3 years duration is somehow a short term duration that might not be ideal for long term investment.

It is better for the individual investor to start with what he has and possibly apply the DCA method if such amount is not what he targets as total sum to invest in Bitcoin.  As time progresses, he would have been able to get inflow from other means, part of which he can continue adding into the DCA program.

It is very easy to say to buy and hold at DIP prices but there are many steps you have to go through and difficult to do. It is important to get your desired DIP price and have sufficient funds on time. 3-6 months of emergency cash reserves – so that your investments are not adversely affected in times of emergency. Or the investment margin is protected in the middle. Bitcoin investing can be risky in the short term so you should have a long term plan i.e. 5-10 years. Investment strategy for 6 months may be a lot of risk of being damaged. In investment, of course you can reflect independent and reflected in your will but it is better to have your alert investment system.

That is not a good strategy, and mind you we are not talking about selling but how can a new investor buy bitcoin and the strategy which he can use to make sure that he keeps on buying and at the same time keep on hodli for a long period of time. Investing in bitcoin is for the future and not to sell in a year or two, because it is the same thing as trading. The best way is to assign an amount based on your own discretionary income after setting aside your emergency funds, reserve funds and float. You use that amount to buy bitcoin regularly either weekly or monthly, and make sure not to skip any week or month so that you can gradually grow your bitcoin investment portfolio. Let's say you do this consistently for 4 years and above.

Buying and selling to buy back not ideal, because you might end up running at loss after selling, you might not be able to buy back if bitcoin price keeps pumping, which make it not a wise idea. Slow and steady win the race. No need to watch the market before buying, as that is not important when buying using DCA strategy.

Why will you compare bitcoin to fucking football betting. It means that you don't have any idea of bitcoin. Bitcoin should be compared with other assets like gold, and real estate. Which have being in existence for a long period of time and business tycoons have understood that they appreciate overtime. Bitcoin is even better than those two that I mentioned because of her high volatile nature, and high demand for it.

Just a bit u said, comparing bitcoin with football betting , that is gambling is something I don't really understand .bitcoin is an investment  while football betting is gambling .No investor will ever compare bitcoin with football betting  ,rather football betting should be compare with shitcoin.shitcoin and football betting can never be compare with bitcoin because they have no value.

I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.