Buy the DIP, and HODL! - page 157. | Bitcointalksearch.org

Kliss

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Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

While you're being scared, smart money is doubling down.

That’s because this dip is nothing new.

As you can see, Bitcoin goes to a new all-time-high every 4 years:

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
here
Thoughts?

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.

your highlights is very explicit concerning the historical analysis of bitcoin but its very doubtful for a 450% price increase and bitcoin setting a new ATH of $330,000 per coin in this year 2024. Saying so or comparing with such analysis, simply suggest that the price is determined or manipulated. How is that so possible, especially when we are still waiting for bitcoin to reach 100k which is still not certain and realistic rather than 3× of it. Common mate such a high percentage 450% is not worth having the thought of it to be realistic in this 2024.

Buying bitcoin with either of the strategy (DCA, buying the dip, lump-sum) that aligns with our investment aims and according to our financial power with a perspective to HODL for long period will definitely be profitable and successful.

Agbamoni

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Fine by Time

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
here

The idea that Bitcoin has an occurrence cycle or a pattern that Bitcoin will go up because it has gone up in the past has blinded so may person to make ideal instead of realistic decisions in their investment. I presume that you are trying to give us an actual theory of why Bitcoin will maintain its value and grow over time, but you have to be realistic in doing so.

I think the value of an asset concerning time should be measured based on the quantity of the asset you have accumulated so far.

$65k = 1BTC (Longevity for one year period, perhaps value increases to 70K then profit should be 5k)

$20 = 0.00031 BTC (Longevity for one year period, perhaps value increases to 70k then profit is less than 5$)

We can be having little portion of Bitcoin or invest little and be expecting a good profit after Hodling. What should be focused on is accumulation. Every strategy that will make us have enough of Bitcoin.

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market.

You're wrong here and you are giving yourself unrealistic things that were not promised by Bitcoin, and you are mistaken about everything in general. Buying the dip can be appealing but it is not a guaranteed strategy. Bitcoin is known for volatility so you should understand it. The price can go up x% and go down X% overnight for any reason. There is no guarantee that a dip you buy will be the lowest point before the next bull run. As an investor always be prepared that the uncertainty is high, and Bitcoin can go both directions. Which is the main reason why it is advisable that we should DCA and while doing that we can keep some cash for dips if it happens.

Zackz5000

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Bitcoin or nothing

Quote from: Wind_FURY on July 17, 2024, 06:50:19 AM

Quote from: Odohu on July 16, 2024, 11:50:11 AM

Quote from: Wind_FURY on July 16, 2024, 09:55:25 AM

The recent DIP was caused by the German government's irresponsible market sell orders they did on the Bitcoin market. But because there were probably investors that saw it as another opportunity to buy the DIP, they took advantage of the German government's actions. Cool

What if it is because of me that the German government sold to enable me collect more Bitcoin for my DCA value Cheesy

. Well, we don't have to be too emotional to the point of calling their action irresponsible because believe it or not, there will always be buyers and sellers in the market in response to the forces of demand and supply. Besides, if there are no sellers willing to give up on their Bitcoin easily, many people like us will not see the opportunity to take advantage of such generosity.

I have learnt to focus more on myself in this journey, so that I will be able to secure my future by consolidating on every opportunity I see in the market. In other words, I always aspire to get better at prudent management of my finances. I think this is more important than trying to dictate what the weak hands do with their Bitcoin.

Those people who get that tendency to be emotional caused by the smallest negative price movement of Bitcoin are those people who want to take profit in fiat. HODLers are in a different mental state. They WANT those DIPs, whether they're buying the DIP are doing DCA. It's simply another opportunity to buy more units in Bitcoin.

Plus if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.

You are correct they are just like gamblers in the Bitcoin market who sees Bitcoin investment as a get rich quick investment who's aim is to make profit in Bitcoin investment in short hour. While those investors that know the true potentials of Bitcoin will see the dip in Bitcoin as an opportunity to accumulate more Bitcoin and HODL for long using any of the Bitcoin accumulating strategy to accumulate more Bitcoin.

Samlucky O

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Quote from: JayJuanGee on July 16, 2024, 01:11:56 PM

Quote from: Samlucky O on July 16, 2024, 07:54:33 AM

Quote from: Felicity_Tide on July 15, 2024, 03:34:59 PM

Quote from: Justbillywitt on July 15, 2024, 03:11:17 PM

I want to correct one impression that you are making here that many people are utilizing the DCA method because it is easy to use. No that's not the case, rather many people are making use of DCA strategy because it is more effective way of investing in bitcoin as it reduces the impact on the capital invested should there be a sudden drop in the market. The DCA method makes the capital outlaw not to reduce drastically when there is a sudden decline in the bitcoin market. This is the more reason why many people are comfortable with using the DCA method of bitcoin investment, not because it is easy. Also the DCA method makes it easier for people to buy bitcoin at their own pace according to their financial level. The truth is there is no method of bitcoin investment that's difficult to use.

You are literally contradicting your own explanation. How about I tell you that I prefer to use the DCA strategy because it is easy to use?. At least, I don't have to monitor Bitcoin price for an entire 24 hours, to observe when there is a dip(for those who only buy the dip). Bitcoin investments, especially to those who are new to it, shouldn't be explained with too many terminologies and complexity, but rather as smooth and easy as possible. Just as you've pointed out, "the DCA method makes it easier for investors to buy Bitcoin", which depends on their financial capabilities (source of income). It's always a continuous process, that doesn't need too many grammer or math solving to explain.

I see that @Justbillywitt is trying to make a point and somewhere along the line maybe he didn't land whe he ought to. And yea surely there are time when we feel we are saying what we think and yet we are not getting it right or may get it right but others see it in Another way. I think what he is trying to say is that DCA strategy is not easy as people think. But what make people think it simple is due to the small fraction they buy weekly and it's not affecting our discretion amount, and if bitcoin price dips we may still have some amount in our discretion to still buy more . But that doesn't mean that DCA strategy or investment strategy is easy.

But in my own opinion DCA may not be as easy as people think, but I know surely it's the easier way of investment compeard to lump sum or buying the dip that is why it is seen as the easier way and not the easiest. because surely most people can not still afford to invest through DCA because of there low source of income or the Level of their discretion. So I may say it's an easier way for investment for those who are willing to invest no matter how small, but may be difficult for those who are not ready or willing to Start.

Ultimately I agree that there could be some element of DCA investing that is the "easiest" of any kind of investment approaches, but whether we label DCA as easy or not might also depend upon context, since even lump sum could be easy in the sense that maybe a guy buys bitcoin one time with a lump sum, and then just waits for 4-10 years or longer to see what the lump sum amount had done.

yea truely lump sum is another easy way of investment strategy that allows you to invest once at ago and never stress up to regularly buy bitcoin through DCA. though that doesn't mean that some folks will not preferably chose other strategy against lump sum too like buying the dip, because I know that not everyone will like to combine the 3 investment approach all together. some may chose DCA while some will chose lump sum, and some will only like buying the dip. so each person will chose the investment approach that is easy for him and which it is not a must that everyone will follow all approach, but for a better investment goal all investment approach is needed for a better acculturation process. why I chose DCA as top priority is because regular buying of Bitcoin through DCA is like getting addicted to invest and saving from unnecessary expenses. you always recite it as a poem in your head to invest all the time, it gives you that impression and constant zeal to always buy regularly Instead of wasting some money for fun on weekly or monthly basis. because there some persons who recieve a huge amount in a contract or some business deal and invest in lump-sum for interval of 4-10 years and stop investment. where as they have a well paying job that gives them a regular payment every week or month which could have been used for regular DCA and buying the dip but they think that they have money in bitcoin which they have a 4-10 years plan, and may spend some money recklessly because they didn't deciplined themselves for regular DCA. I can say that DCA is another way of self deciplined that allow you to make judiciously use of your money without spending it any how and indirectly creating wealth for the future or for our children

Wind_FURY

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Quote from: Odohu on July 16, 2024, 11:50:11 AM

Quote from: Wind_FURY on July 16, 2024, 09:55:25 AM

The recent DIP was caused by the German government's irresponsible market sell orders they did on the Bitcoin market. But because there were probably investors that saw it as another opportunity to buy the DIP, they took advantage of the German government's actions. Cool

What if it is because of me that the German government sold to enable me collect more Bitcoin for my DCA value Cheesy

. Well, we don't have to be too emotional to the point of calling their action irresponsible because believe it or not, there will always be buyers and sellers in the market in response to the forces of demand and supply. Besides, if there are no sellers willing to give up on their Bitcoin easily, many people like us will not see the opportunity to take advantage of such generosity.

I have learnt to focus more on myself in this journey, so that I will be able to secure my future by consolidating on every opportunity I see in the market. In other words, I always aspire to get better at prudent management of my finances. I think this is more important than trying to dictate what the weak hands do with their Bitcoin.

Those people who get that tendency to be emotional caused by the smallest negative price movement of Bitcoin are those people who want to take profit in fiat. HODLers are in a different mental state. They WANT those DIPs, whether they're buying the DIP are doing DCA. It's simply another opportunity to buy more units in Bitcoin.

Plus if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.

rachael9385

sr. member

Activity: 476

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Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

While you're being scared, smart money is doubling down.

That’s because this dip is nothing new.

As you can see, Bitcoin goes to a new all-time-high every 4 years:

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
here
Thoughts?

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.

You talking about ATH, I see no errors there but talking about when a new Bitcoin investor should buy Bitcoin, I think for the person to wait for the dip is not a good idea. Waiting for the dip only proves that you are skeptical about Bitcoin price, which means you are thinking that Bitcoin will continue to increase and you won't be able to buy Bitcoin at a high price, as a Bitcoin investor you are supposed to withness the up and down of the price of Bitcoin, and not only the success, but you should be rest assured that you will never sell in loss because you are going for a long term.
If you want invest don't wait for the dip because DCA doesn't say one should wait for the dip before he or she start investing on Bitcoin. And again, if you are applying DCA method on your investment buying Bitcoin weekly is the best way to to use DCA method, if you are being paid $100 a month you can decide to invest $40 on Bitcoin which means you will be investing $10 per week and with time if you get to be promoted and salaries are doubled you can also increase the amount you are DCAing with (depending on how much you are paid).

Bd officer

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Quote from: AirtelBuzz on July 17, 2024, 02:50:06 AM

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market.

Ok. My question to you is whether you have invested at all? As you mentioned buying bitcoins during the dip season will lead to maximum profits or peak levels during the next bullish season. Yes that's right. But should we wait for dip time, no. Instead we should invest using DCA method regularly so that we can enjoy the benefits of both dip season and bull season.

Yes you are right, we should not wait for dip market to invest, we should continue investing in DCA method for long term. Now if someone waits for the price of bitcoin to fall, then it may happen that the price of bitcoin may rise instead of falling, then he will not be able to invest. So before investing in Bitcoin we need to decide to hold the investment for long term. It is true that if one invests in Bitcoin and holds it for a long period of time, he will surely profit. Keep investing at any time in any situation and hold for long term.

Promocodeudo

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Quote from: Barikui1 on July 11, 2024, 04:38:17 AM

Quote from: Justbillywitt on July 11, 2024, 03:40:05 AM

Quote from: Humblevirus on July 10, 2024, 06:34:35 PM

Quote from: synchronym on July 10, 2024, 09:55:22 AM

When it comes to investing in Bitcoin we must always gain enough experience about the Bitcoin market before we invest in Bitcoin. Many times it is seen that in the condition of lack of experience in Bitcoin, investing in Bitcoin has to face more losses than clubs.

Yes, knowledge is really very important in every aspect of life, especially in business or investment, so we can be guided in the right direction. There are some people who are not part of the cryptocurrency industry because they were scammed by scammers or sold their Bitcoin investments at the wrong time, all due to a lack of proper knowledge.

Investing in Bitcoin is not really hard when someone is genuinely interested. All they need to know at the start is the difference between non-custodial and custodial wallets, and the best exchanges to buy Bitcoin. After buying, they should move it to the right wallet, which is a non-custodial wallet, for proper security. Once someone has this knowledge, they can start investing in Bitcoin. It doesn't require a lot of experience to begin a Bitcoin investment.

When they start investing with they little knowledge they first gathered they will continue learning. Infact start after investing, the desire to protect their funds will make them more serious about learning about Bitcoin and others cryptocurrency. Nobody likes to lose their invested Bitcoin.

As a beginner the primary focus should be on bitcoin. They should not have anything to do with any other crypto currencies, because that's where the scams are. That's the mistake most people do. Beginners should just stay on the lane of bitcoin, be it on learning basis or investing. They should forget whatever anybody is telling them about learning any crypto currencies, because the moment they do that they are already positioning themselves for scams. Whatever you are continuously reading or learning has a great potential of influencing your future decision/judgement. If they dive into learning about other crypto currencies, they will be tempted to invest in it. And when they invest in it and get scammed they will relate it to bitcoin and they will lose their interest to keep holding bitcoin.

My brother, you are very much on point, most newbies in this crypto space are very much misinformed, they were mostly told that shit coin and alt coin gives more returns, but they were not told all it entails, how they fell more than they rise, how most people have lost their hard earned money by investing in shit coin.

Most times, it's just greed, some are rightfully informed, but because of 10x to 100x, they choose to gamble their hard earned money on it, when it goes south, they start saying that they were scammed, and started associating Bitcoin with it, by generalizing it, but the good thing is that, at some point, they will learn the hard way, because greed is never a good thing in this crypto space, so in essence is that it's only greed or misinformation that will make an investor to invest in shit coin other than Bitcoin, when it's very clear that Bitcoin is the only reliable currency in the crypto space.

People always want to hear good things about a particular investment but fail to ask the necessary questions about such investment, individuals don't bother to know the durability and the reliability of the said investment, I think most times I feel that people are misled based of their mindset, someone is been convinced because of what he or she believe, our mindset sometimes makes us to believe what people tell us, I think before we believe in anything called investment, no matter who is putting us through, our question should always be the disadvantages of such investment because many people tell imdiviafuals what they are already expecting to hear and they fall cheaply for it because of their curiosity.
With my little experience, no matter how shitcoins rise, this will always happen once Bitcoin price is high, so anyone wanting to invest in shitcoin should first of all understand that Bitcoin controls the price of other coins so atleast with this understanding, an investors choice of investment is made easy.

Zackz5000

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Bitcoin or nothing

Quote from: $crypto$ on July 17, 2024, 04:16:52 AM

Quote from: Wind_FURY on July 16, 2024, 09:55:25 AM

Quote from: Akbarkoe on July 15, 2024, 12:30:45 PM

Source

Let's stop arguing for a moment, we see that bitcoin is back up to $63k it is a very fast price reversal by bitcoin after experiencing a price drop to below $55k.

Congratulations to some people who may do DCA at that price level will be very happy for you, yesterday was scared because it had a lot of market fud that affected bitcoin to decline, Holder is winner and DCA is always a very sharp sword to get prosperity with bitcoin.

Maybe it will be a DIP to reverse the bull market again.

The recent DIP was caused by the German government's irresponsible market sell orders they did on the Bitcoin market. But because there were probably investors that saw it as another opportunity to buy the DIP, they took advantage of the German government's actions. Cool

I believe that there will not be another DIP like what recently happened again, BUT Mt. Gox Bitcoins have been moved again - to an "unknown wallet".

It was definitely an opportunity during the downturn that investors should BUY as the German government's uncontrollable actions left us with more bitcoin due to DIP buying.

Although not sure if this drop will happen again in the future just that we already feel satisfied buying last week with more because the discounted price will not come twice in the near future so investors who take advantage of the opportunity are pretty good.

If Mt.Gox has transferred its assets to an unknown wallet, let's say this is the start of the price distribution back down, we are ready to carry bags to fill bitcoin again that's how we accumulate more bitcoin with the news of the existing panic.

The dip is one the characteristics of Bitcoin which is also a great opportunity and advantage for every investors to accumulate enough Bitcoin as much as possible and hodl for the future it is an opportunity regardless of any strategies an investor chooses to accumulate Bitcoin with, for me I still use my DCA strategy to accumulate Bitcoin and the dip has been an opportunity for me to accumulate more and more Bitcoin.

$crypto$

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Quote from: Wind_FURY on July 16, 2024, 09:55:25 AM

Quote from: Akbarkoe on July 15, 2024, 12:30:45 PM

Source

Let's stop arguing for a moment, we see that bitcoin is back up to $63k it is a very fast price reversal by bitcoin after experiencing a price drop to below $55k.

Congratulations to some people who may do DCA at that price level will be very happy for you, yesterday was scared because it had a lot of market fud that affected bitcoin to decline, Holder is winner and DCA is always a very sharp sword to get prosperity with bitcoin.

Maybe it will be a DIP to reverse the bull market again.

The recent DIP was caused by the German government's irresponsible market sell orders they did on the Bitcoin market. But because there were probably investors that saw it as another opportunity to buy the DIP, they took advantage of the German government's actions. Cool

I believe that there will not be another DIP like what recently happened again, BUT Mt. Gox Bitcoins have been moved again - to an "unknown wallet".

It was definitely an opportunity during the downturn that investors should BUY as the German government's uncontrollable actions left us with more bitcoin due to DIP buying.

Although not sure if this drop will happen again in the future just that we already feel satisfied buying last week with more because the discounted price will not come twice in the near future so investors who take advantage of the opportunity are pretty good.

If Mt.Gox has transferred its assets to an unknown wallet, let's say this is the start of the price distribution back down, we are ready to carry bags to fill bitcoin again that's how we accumulate more bitcoin with the news of the existing panic.

Hewlet

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Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

As you can see, Bitcoin goes to a new all-time-high every 4 years:

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.

while it's not improper to be bullish with your investment and to make comparison between past and current Bitcoin circle, I feel you're rather being too ideal and less realistic as though Bitcoin prices are predetermined or as if they are manipulated and that we
are 100% certain to witness similar or same figures for all the circles. From what's obviously playing out at the moment, I can't agree with you that we might be seeing as much as $330k just this year. We've obviously seen a gradual but consistent bull run even before the halving up to a $73k value and surely hope that it goes to $100k in no time but that's never a reason to talk about numbers as though it's just all about calling numbers without paying attention to the details that makes those numbers realistic.

Accumilating with the DCA method is what helps you not to be too fixed on numbers and become too expectant that Bitcoin will all of a sudden fly from $65k to $330k which is almost 5x it cute value.

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.

I don't know why I find this statement a bit manipulative and I feel it might presurise an average investor that comes across it to believe that investing in Bitcoin is an ideal process where you just keep your money and leave it for a number of years and bum, it goes all high to the sky.

Roseline492

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Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.

Your charts is very explanatory and also in as much as buying at dip is okay but you should Also understand that buying at dip doesn't guarantee your success on the Bitcoin investment but on the contrary what makes you to become successful in your Bitcoin investment in the future that you will see yourself to be sufficient in Bitcoin investment is consistent accumulation but I realized that numerous of people believe that everything ends when they buys the dip without having the idea that continues accumulation determines what there achievement will be in the future.

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

While you're being scared, smart money is doubling down.

That’s because this dip is nothing new.

Over expectation is one of the things that is seriously affecting most people towards investing on Bitcoin without realizing they are making a serious mistake because I could remember very well during the time Bitcoin price was still at $56k and some persons were not still satisfied to start investing on Bitcoin but instead they were still expecting more dip and before they no the price has bounce back.

Quote from: DubemIfedigbo001 on July 17, 2024, 12:10:16 AM

Quote from: Moreno233 on July 16, 2024, 06:59:36 PM

I found my peace the day I transitioned from being a trader to a holder. It was really a big relief because I never experienced peace of mind then like I do now and the growth I have seen in my finances is massive and totally different from the stagnation and frustration I was facing trying to predict the market.

If you want peace of mind and stability of emotions, go for investing and shun trading. I am a living witness as I'm very much more relaxed now knowing there is very tiny chances of loosing my investment no matter the movement of the market and all I'm expecting is profits as time goes by. The only thing I ever think about now is how to increase my portfolio and holding for a longer time.

Of course that's exactly what so many people failed to understand because Bitcoin investment should be something of joy and passion as you continue investing and not something someone would venture into start panicking of the price going sideways, so actually there is no joy compare to the joy we are having through holding because with all the so many negative talk about Bitcoin price it doesn't affect me because I'm seeing Bitcoin on different angle they are looking at it so I will always continue my accumulation.

Frankolala

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Quote from: AirtelBuzz on July 17, 2024, 02:50:06 AM

Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market.

Ok. My question to you is whether you have invested at all? As you mentioned buying bitcoins during the dip season will lead to maximum profits or peak levels during the next bullish season. Yes that's right. But should we wait for dip time, no. Instead we should invest using DCA method regularly so that we can enjoy the benefits of both dip season and bull season.

Quote

So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors

I don't agree with you at all because markets don't dip all the time. How can a person dip regularly? The market dips unexpectedly. We almost saw a bearish trend in the market a few days ago, perhaps none of us could have imagined that the market could be like this as Bitcoin has fallen from its all-time high this year. You and I might think that buying bitcoins during the dip season might make us more profitable if it goes up in the future. The best way is to invest regularly, even if it's small, keep accumulating bitcoins and when you see the market going down, take the opportunity to buy more bitcoins. Your investment success depends on holding the investment for a long time.

I agree with you Airtelbuzz is like As-Soon-As does not understand what he is saying and he is contradicting himself because it is only DCA method that can be used to buy regularly weekly or monthly and that gives you the opportunity to buy bitcoin in all price level.

The dip comes like a thief in the night when we don't expect it to happen like what we saw recently when everyone thinks that bitcoin price will pump but instead it was the opposite and that is why there is no need as a new investor to think of buying at the dip because it is not for new investors or low coiner to think of since it will be a distraction to them from staying focus to build and grow their bitcoin portfolio.

DCA method is the best and just keep it persistent and consistent not pausing for any reason. One thing that baffles me is that new investors always talk about the dip as if they can predict the price of bitcoin when no one knows the next move of the market. The question to ask yourself as a new investor or an investor who only have little bitcoin is what if he dip does not come. Buying at the dip is for investors who have acquired a certain level of bitcoin and it is only when they buy at the dip that there bitcoin portfolio will increase significantly.

As-Soon-As is thinking of trading and not long-term investment if not he will not mention making profit in the next bull run because an investor is only to keep on investing and not thinking about short-term profits because the profits of a long-term investment is the highest and that is where our goal should be focus on.

AirtelBuzz

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Quote from: As-Soon-As on July 16, 2024, 10:33:22 PM

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market.

Ok. My question to you is whether you have invested at all? As you mentioned buying bitcoins during the dip season will lead to maximum profits or peak levels during the next bullish season. Yes that's right. But should we wait for dip time, no. Instead we should invest using DCA method regularly so that we can enjoy the benefits of both dip season and bull season.

Quote

So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors

I don't agree with you at all because markets don't dip all the time. How can a person dip regularly? The market dips unexpectedly. We almost saw a bearish trend in the market a few days ago, perhaps none of us could have imagined that the market could be like this as Bitcoin has fallen from its all-time high this year. You and I might think that buying bitcoins during the dip season might make us more profitable if it goes up in the future. The best way is to invest regularly, even if it's small, keep accumulating bitcoins and when you see the market going down, take the opportunity to buy more bitcoins. Your investment success depends on holding the investment for a long time.

DubemIfedigbo001

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Let love lead

Quote from: JayJuanGee on July 16, 2024, 01:11:56 PM

I have no problem with considering all three kinds of BTC accumulation approaches of DCA, lump sum and buying the dip

Wow!, I have always thought there were two accumulation methods which is DCA and Lump sum, never thought there was a third one. Thanks Jay for the heads up, this thread can be so educating.

Quote from: Moreno233 on July 16, 2024, 06:59:36 PM

I found my peace the day I transitioned from being a trader to a holder. It was really a big relief because I never experienced peace of mind then like I do now and the growth I have seen in my finances is massive and totally different from the stagnation and frustration I was facing trying to predict the market.

If you want peace of mind and stability of emotions, go for investing and shun trading. I am a living witness as I'm very much more relaxed now knowing there is very tiny chances of loosing my investment no matter the movement of the market and all I'm expecting is profits as time goes by. The only thing I ever think about now is how to increase my portfolio and holding for a longer time.

As-Soon-As

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While you're being scared, smart money is doubling down.

That’s because this dip is nothing new.

As you can see, Bitcoin goes to a new all-time-high every 4 years:

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
here
Thoughts?

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market. So it is proven that once an investor invests and if he buys DCA method or regular dip then he will definitely get success. And this figure proves the success of investors.

Rustam Meraj

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Quote from: Moreno233 on July 16, 2024, 06:59:36 PM

You remind me so much of when I was focusing on trading because these were our line of thought that the market has no mercy for anyone. Well, if you chose to put yourself in the line of fire by trying to predict every move of the market as traders do, the market will indeed be brutal to you. It takes just the decision to change from trading into holding to come out of the torture that comes from such situation of being dealt with by the market on daily basis.

I found my peace the day I transitioned from being a trader to a holder. It was really a big relief because I never experienced peace of mind then like I do now and the growth I have seen in my finances is massive and totally different from the stagnation and frustration I was facing trying to predict the market.

Therefore, the market is not brutal to me now, I have peace and I appreciate the market dynamics because I take advantage of everything the market gives. I buy the dip and HODL.

Switching from trading to holding is really relatable. Market can be tough and stressful when you are trying to predict what it will do. But when you start focusing on long term growth and accept ups and downs it is game changer. I have experienced this too I have seen my finances grow and feel more peaceful than ever before. Your strategy of buying when prices are low and holding on is great way to handle market unpredictability. Good for you for making switch and finding peace in market dynamics.

Moreno233

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Trust the process, imbibe consistency

Quote from: jossiel on July 16, 2024, 05:12:32 PM

Quote from: sotelorene on July 16, 2024, 02:17:37 PM

so we shouldn't get distracted or confuse ourselves with things that is/are not suppose to

On this market, it is brutal to everybody. But you choose what's going to make you confused or not bothered at all. Many are very confused not just ourselves but also to the news that are coming out. With some movements of huge funds from A to B, they're already shaking and thinking that the market is going down.

You remind me so much of when I was focusing on trading because these were our line of thought that the market has no mercy for anyone. Well, if you chose to put yourself in the line of fire by trying to predict every move of the market as traders do, the market will indeed be brutal to you. It takes just the decision to change from trading into holding to come out of the torture that comes from such situation of being dealt with by the market on daily basis.

I found my peace the day I transitioned from being a trader to a holder. It was really a big relief because I never experienced peace of mind then like I do now and the growth I have seen in my finances is massive and totally different from the stagnation and frustration I was facing trying to predict the market.

Therefore, the market is not brutal to me now, I have peace and I appreciate the market dynamics because I take advantage of everything the market gives. I buy the dip and HODL.

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Quote from: sotelorene on July 16, 2024, 02:17:37 PM

so we shouldn't get distracted or confuse ourselves with things that is/are not suppose to

On this market, it is brutal to everybody. But you choose what's going to make you confused or not bothered at all. Many are very confused not just ourselves but also to the news that are coming out. With some movements of huge funds from A to B, they're already shaking and thinking that the market is going down.

Which part of is true and there's the market reaction at times but it doesn't happen at most times.

Quote from: sotelorene on July 16, 2024, 02:17:37 PM

Some people have been derailed because of what they heard or saw reason because they allowed themselves to be... By taking what they heard or see to heart or maybe allowing those things to take over their thoughts perhaps we should stay positive in all things.

I agree.

We shouldn't be like that. Always verify and don't be moved. The weakest hearts and emotions are always being taken by the ones that has a stronger heart and better emotions and mindsets.

We can compare that to panic sellers and diamond hands. Cool

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Quote from: JayJuanGee on July 15, 2024, 01:57:44 PM

Quote from: Akbarkoe on July 15, 2024, 12:30:45 PM

Source

Let's stop arguing for a moment, we see that bitcoin is back up to $63k it is a very fast price reversal by bitcoin after experiencing a price drop to below $55k.

Congratulations to some people who may do DCA at that price level will be very happy for you, yesterday was scared because it had a lot of market fud that affected bitcoin to decline, Holder is winner and DCA is always a very sharp sword to get prosperity with bitcoin.
Maybe it will be a DIP to reverse the bull market again.

First of all your chart is focusing on pretty short term BTC price dynamics, which are largely irrelevant - unless you are fucking around with trading.

In other words, I would not characterize the latest as necessarily a fast recovery since yeah, we had a pretty deep correction that ended up playing out around 11 days ago.. that brought us from the mid-$60ks to around $53,500-ish.. but that decline had started a bit prior 11 days ago, and surely a decent number of BTC HODLers might have gotten shook out of their coins based on various market dynamics including proposals that Germany's dumbass supposed selling of coins and MTGOX release of coins and blah blah blah was going to continue to bring the BTC price down into to the $40ks or whatever might have been a buying price target, so in stead of buying BTC in the past week or two, dumb-assed weak hands and ill-informed folks were selling BTC rather than buying.. so yeah, sorry for your loss.. you dumb twats.. and your hope to buy back BTC lower (and you might never be satisfied), which surely we are seeing might not be within reasonable BTC price direction expectations.... but who knows? Maybe you will get lucky if you continue to wait for the dip? maybe? maybe not?

I am not claiming to know which way BTC prices are going, yet I am claiming that anyone who is new to bitcoin or even in bitcoin less than 4 years, should not be fucking around with short-term price predictions that may or may not come true, but instead focusing on accumulating bitcoin, unless they had already front-loaded their BTC investment sufficiently and adequately to already be prepared for UP, just in case such UP might end up happening sooner than expected...

And sure, the point is always to be prepared for up, and one of the best (if not the only) way to prepare for up is to not only have bitcoin but to have enough bitcoin.. .and ONLY you can figure out how much bitcoin is enough bitcoin, and one of the best (if not the best ways) to make sure that you have enough bitcoin is to buy it. buy it regularly, continuously and persistently.. especially if you are in the first cycle of your bitcoin journey, and selling bitcoin is not a good strategy towards making sure that you have enough bitcoin... #justsaying (or should I say, #justrepeating?)

I'm not trading, and I'm just pointing out that the price movement is getting better after the market panic last week, and I'm happy for the bitcoin reversal.

I agree with your sentence that indeed for those who are afraid they rush to sell their bitcoin and think it will be a steep decline after halving as in previous cycles starting with bad news from a lot of news sentiment that might give selling pressure because it makes people afraid and panic, and they are too stupid apali who just bought at the price of bitcoin then because of fear they sold it and now bitcoin is back to a much better price after being above $60k.

Yes I agree with that, besides we have to prepare before the increase on the other hand must also have a mentality that is ready for the decline, because I noticed a lot of people who panicked last time because of overthinking which made them lose their bitcoin, it was a foolishness.

Topic: Buy the DIP, and HODL! - page 157. (Read 131584 times)