Topic: Buy the DIP, and HODL! - page 16. (Read 128925 times)

I think an investor would only the investing under pressure when they don't have a stable income and invest the little they've got just to make profits in a short-term, but such person would be making a grave mistake cause investing in Bitcoin requires time and patience as well as discipline and I won't leave out a stable income that would help an investor carry out the DCA method and acquire more overtime.

 Bitcoin is not some gambling or trading thar an investor would be investing what they can afford to lose cause it's less riskier, it's not something that gives an investor 50/50 chances of making profits so I see no reason why an investor would be pressured, except the person isn't thinking long-term which is wrong, someone who invested and is patient enough to hold for a full circle and more is bound to make profits there's no debate about that.

I would advice not to invest in Bitcoin or any other investments when you're under pressure. I am an investor and does it aggressively because it forces me to do what's best based on my situation and how I think by doing the decisions and taking actions. But if someone is in the shoe of investing in a pressured manner, I don't think that's right. We tend to tell that one should invest only what they can afford to lose so, they won't have any pressure at all. And someone who does that might be forced to sell when they've done it under pressure as that's the only money they have upon buying Bitcoin. We invest freely and without having some heavy thoughts and hearts by doing it. That's how everyone should invest to be able to hold for the longer term.

Probably it would be foolish for anyone to be selling large portions of his BTC holdings at or around $100k, even if he has been in bitcoin for a long time.


That is a very good point.  It is not easy to be aggressive in the beginning, since we are still learning about the investment, and surely one of the reasons that some of us attempt to emphasize getting started as soon as possible is because the more that we learn through being involved with bitcoin, the more we are able to set up both our finances and our psychology in order to be able to tolerate higher levels of aggressiveness in our BTC accumulation.

I woudn't kick myself too much for making mistakes because hindsight is frequently more clear, including showing us areas in which we can improve, and surely sometimes we might end up overcompensating in the other direction, and so no matter what we do, it can surely take time to build up an investment since frequently we ONLY have so much cash coming in that we can invest, and sometimes we have to hold some of that cash back in order to NOT make some mistakes, and frequently I look back at my own mistakes and I figure if their might be ways that I can tweak what I am doing in order to not make the same mistakes or to not go too far overboard on the other end, and surely, even our own brains can sometimes ONLY take so much change at a time... and we will go through our own internal dilemmas, so within that we realize that there is a pretty wide range of reasonableness and even some of the mistakes might not be as bad as we thought that they were, since we likely have some other things going on in our lives, and for example, if we had acquired $3k extra in October 2023 (and the then BTC price was around $27k), and we ended up dividing the amount up into three parts.. we bought $1k right away, we allocated another $1k for buying on dips and then we DCA'ed the last portion of $1k to add to our weekly DCA at an extra $100 per week over the next 10 weeks, and then afterwards we see that we would have had been way better off to just buy all right away, so then we have to figure out at any price point, if we are going to do it different if we were to get another extra $3k... how we going to tweak our plan to make it better. There is no exactly correct answer, even though we might still learn how we personally will tweak it differently in accordance with our own personal circumstances, or maybe we will come to conclude that what we did  was the best we could have had done with the information that we then had, since we had no clue that the BTC price would shoot up from there an it would not dip in any meaningful way.

The price of bitcoin hitting $100k is really something of excitement but we should not be overjoyed because the price will still break other ATHs soon. However, bitcoin reaching $100k is not a call to sell your holdings to spend on frivolous things all in the name of celebrating the festive season. Perhaps, a lot of bitcoin investors earns in Fiat and they must have kept some money in FIATS to take care of festive period expenditures while their bitcoins are intact. No need to sell bitcoins simply because the price reached $100k, except for someone who has been a long time hodler and has a target of reaching $100k before they sell. 3 years is not enough to consider selling but it all depends on how much accumulation you have been able to make within those 3 years.


We have since been in a bull run and all what we are seeing now is still part of the bullish trends and for the fact that the price has reached $100k means that $150k and above is possible in 2025, buy and hodl.

Hi Ginsan, thanks for comments.

For my purchases they are regular dca but the ones I have listed above each month are the lowest price i got my DCA buy in at. The point of this update/thread was just to show how close DCA gets to a monthly bottom. I usually do weekly and then sometimes i do random buys outside the schedule. For example in August I also did some dip buying, and I usually have a few buy order ladders set.

I was weekly since I started, then i increased my DCA amounts each year and then I also increased DCA amounts mid year when I got some extra money. I preferred to do this because if i put into ladder buys they may not hit and I wanted to accumulate as much as fast as possible. 11.2% is a really good allocation, and of course 15% is even better! I have noticed with my own journey, year over year I have increased my DCA budget. The really important thing is only do so within your means, dont over extend yourself or at least put yourself into a situation where you might. Its definitely a balancing act, you want more, you have conviction but you dont want to over extend either. Another consideration you could also think about year to year, is if your get a regular pay raise then shifting all of that into your DCA % could be a good idea. Everyones situation is different but you have proven to yourself  you worked in this years budget, and now the extra X% is not needed and can be diverted.

Lastly and something I learned along the way is I should have been even more aggressive than I was, I took a very low risk approach in and then over the years got more and more aggressive. In hindsight I could have been as aggressive in year one as I am now and still be ok.

It great you got your plan, now LFG!!! :-)

 

Investing in bitcoin aggressively and investing in bitcoin under pressure are not the same thing. Investing in bitcoin under pressure is when you don't want to invest in bitcoin in the first place, but you are being forced to do that, and if you fail to invest in bitcoin, you will pay a fine. Investing in bitcoin aggressively is when you use a high amount of money to invest in bitcoin on a weekly or monthly basis, which will not stop you from sorting out your daily expenses just like what Tmoonz told you earlier, or you can invest aggressively in bitcoin when you receive a bonus at the place of your work; you can decide to lump sum in bitcoin with the bonus money since it is not allocated to sort out your daily expenses.

$100k was hit today but seeing some liquidation at $94k but recovered quickly to $96k. Still, congratulations everybody for reaching this far. 

Awesome, you get to take advantage of a good opportunity, keep doing it.
With the data you shared, it seems that purchases with DCA run every month.

But so far I can only say that your level of consistency is quite good by buying regularly. Will you make a purchase at the beginning of the month, in the middle of the month this in  December. Because some of the purchases you make often occur at the beginning of the month if I have noticed since March.

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

The most exciting news is that the price of Bitcoin has now reached $100k. I have been expecting the day when I would be able to see the price of Bitcoin reach $100k since I have been hearing from people who are familiar with Bitcoin for a long time that it has reached $100k before. To be honest, with the huge change in the price of Bitcoin, this is fantastic news for long-time investors as well as those who bought more recently. Furthermore, only those who are unfamiliar with Bitcoin may sell off part of their holdings for the festive season or those who have been buying Bitcoin for the previous three years, it is not advisable for those who have not been accumulating Bitcoin for a year to sell any part of their holdings for the holiday season.

But this is only the beginning for Bitcoin, a bull run has been expected for the previous several months, but it is taking place at the end of the year. So those who haven't bought yet should do so immediately to continue building up, because Bitcoin could hit $150k by 2025, the earlier, the more profitable.

Time for my last update this year

Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)

06 Sep $52,546
10 Oct $58,867
05 Nov $66,798


From my own DCA & purchase data, looking at the lowest cost price around/near/on those dates I got corn at these prices:

Sep $53,684 (DCA)
Oct $59,197 (DCA)
Nov $87,972 (DCA)

honestly looking at the prices of previous 2024 buys and the latest ATH $103,647 gives the warm fuzzy excitteeeess

March $62,000            ATH $103,647         +$41,647
April $62,050              ATH $103,647         +$41,597
May $57,033              ATH $103,647         +$46,614
Jun $59,338               ATH $103,647         +$44,309
Jul $55,553                ATH $103,647         +$48,094
Aug $49,752              ATH $103,647         +$53,895
Sep $53,684              ATH $103,647         +$49,963
Oct $59,197               ATH $103,647         +$44,450
Nov $87,972              ATH $103,647         +$15,675

Keep stacking :-)

You are wrong for calling those who sold at $100k a fool because there are people who has gotten to a fuck you stage and for them they have accumulated enough Bitcoin that can even take care of them even if they stop working and there are people who has been accumulating Bitcoin consistently for 10 years now and when Bitcoin was not up to $10k if this set of people sell some of there Bitcoin they are not foolish.

The reason why you are calling those who sold at $100k is because you think everyone into Bitcoin investment just started there accumulation 2 to 4 years ago and even if someone has hold for 5 years and sold at $100k he is not foolish.

I don't buy the idea of calling investors who choose to sell at price $100k as a fool as people may choose to do what pleases them investors who has been accumulating Bitcoin for a very longer time now may choose to sell out little portion of their Bitcoin hodling and that doesn't make them a fool because they never sold all their hodling. But for those who just started accumulating Bitcoin new it is never advisable to start selling now because Bitcoin has hit $100 and more your most concern should be how to accumulate more Bitcoin and hodl because the price of Bitcoin which we are seeing as ATH now will definitely be dip in future time so let's keep increasing our Bitcoin stack by accumulating through the DCA strategy and continue to hodl in the next 4-10 and more.

 

Get the real context of the post, it wasn't about predicting about what price-point Bitcoin might end up. It was about Bitcoin's consistent growth in price from a zoomed out perspective because why? Because the Federal Reserve and the Central Banks around the world keep expanding the money supply.

Plus merely posting bearish price predictions doesn't make a person an "anti-Bitcoiner". Haha.

even though we can't completely rule out the possibility of such thing ever happening that bitcoin might possibly DIP again, thinking of bitcoin getting further down to $50k at this point when it looks as though the market might continue going up above this $100k might look like a statement that should be coming from an anti-bitcoinner and not from someone that is being bullish. and this is never to say that we shouldn't be realistic but should rather make speculation based on emotions.

we know that correction Afterall is an advantage for anyone that is doing his DCA and that it even helps the individual to buy bitcoin at a cheaper price, but the reality is that for us to go from this point down below $50k, it will only happen when there is a global crisis that affect the global economy which can also be a deliberate way some intended buyers like the government want to use so they can buy at a cheaper rate.

other than global crisis and the effect of buys and sells, i don't know much on how the effect of printing excess fiat can play such a big role in bringing bitcoin down to $50k.

How long a person is into bitcoin is not a criteria to adopting any strategy but buying the dip comes with it’s own risk and disadvantages especially when you are not into bitcoin for long, after using a huge amount probably more than you can afford to invest you expect things to be rosy and when things don’t go well you start getting worked up and panicking. This is what DCA strategy eliminates, you don’t have to invest much you just invest the little you can consistently at regular intervals that way you don’t have anything to worry about. It the best recommended strategy for beginners and it’s effective for everyone else.

If you plan out your investment well and practice the DCA strategy you will have reserve funds to cover up for other expenses and you wouldn’t have to worry about your investment or be pressured to sell them halfway.

It’s not just about filling your portfolio there are other things related to investment that other strategies does not provide. All strategies might be aimed towards the same goal of accumulating Bitcoin but that doesn’t make them the same  each have their separate advantages. The DCA strategy is more advantageous because firstly it makes investments possible to a lot of less privileged people (people who don’t make much money), apart from reducing the risk of  trying to time the market it also encourages discipline by helping one to avoid making wrong decisions based on volatility of the market and also reduces emotional stress which mostly results to panic sells. Buying the dip doesn’t guarantee all this thats why DCA strategy is the best strategy.  

I didn't say that it will definitely be crashing back down to a $50,000 - $70,000 price-point, but if it does crash to that, it will be temporary and Bitcoin will start increasing in market valuation again. Because why? Money-Printing.

It's the same concept that Milton Friedman said about inflation. There was never an inflationary event without an increase of the money supply and an increase on government spending. And there was never a money printing event that didn't cause an inflation in the prices of goods and services.

If we are going to move forward with the goal of increasing Bitcoin, we should also focus on our investments, because our goal is the only one that indicates how we will keep our Bitcoin holdings alive for a long time. Because the price of Bitcoin will definitely improve and move further in the future, but if we do not have holdings, then we are zero. So we have to give the most importance to our holdings, it is better not to focus on the price of Bitcoin.
Whenever you rely on the price of Bitcoin, the decision to sell your holdings can come at any moment, and the greed for money will work inside you. In the end, you may be forced to sell your investments, that is why we have to give the most importance to Bitcoin holdings, not on the price of Bitcoin.


I think the holders who sold at the full $100k price are fools. Whenever you focus on the price of Bitcoin, you can immediately fall prey to the unique investors who are fools. That is why the price of Bitcoin can hit $200k or even $500k in the future, it only depends on our future and we have to take the holding to the future, that is why our DCA method is the most important. Because it is possible to continue holding Bitcoin for a long time only by relying on the DCA method, I have kept my Bitcoin holding alive and have not sold it, I have given the most importance to Bitcoin holding, not the price of Bitcoin.

Imagine that dip prediction to come and it need major disturbance to make that price come into reality. Also for current situation where everything in favor with Bitcoin and also for its holders I guess that $70k is somehow impossible to happen for now.

What I possibly look forward to happen is maybe bitcoin would able to reach at $120k to $150k next year. I'm anticipating another big pumps will come in January especially that Trump administration will take over the seat of power together with promising mandate about making America great again with Bitcoin.

Its hard to assume that there would be a correction like that since everyone assumes for continue to experience bullish season or runs.

Your post is confusing.  The odds of bitcoin going below $70k again are getting pretty low, and might even be less than 50/50.

Also it is possible that sub $90k might not ever be seen again.. we may well get into the  $120k to $180k range before experiencing any kind of meaningful correction.. and even then there is still quite a few months in 2025 that we could have UPpity.. maybe it could be half of 2025 or maybe all the way to the end or maybe even into the first half of 2026. 

I am not going to proclaim to know, even though I anticipate volatility in the form of up, down and flat in the next 3 to 18 months... and I don't expect down first, but hey you never know, but seemingly low odds at this point.

The price of Bitcoin going back down to a $50,000 or a $70,000 price-point is TEMPORARY, and it's not a forecast, a theory, or a mere hypothesis. It's a FACT! Why? Because the Federal Reserve and many Central Banks around and across many regions around the globe are always printing money, and their government entities always increase government spending.

Satoshi "hacked" the financial system.