Topic: Buy the DIP, and HODL! - page 168. (Read 109237 times)

Well done! Literally you realized the hard truth.

I agree with you here! Its so painful when i see people downgrading bitcoin  by conflating it with shitcoins. There is no other cryptocurrency that will give you a safer result other than bitcoin. DCA is a safer and the best approach in Bitcoin, people should stop  looking for a get rich quick assets to invest their hard earned money on. Bitcoin is more efficient because it offers a different risk reward profile compared to what most altcoins would. However i wont interfere in an investors decisions to diversify because at the end it all depends on individual financial goals and risk tolerance.

Nah! This is not true.
Maybe you should tell me an altcoin that if you invested $500 by January would have given you the same kind of profit you should have gotten if you had bought same amount of Bitcoin and have HODL it till now. This is just a small time frame we can make reference to and I don't even want to go back to those that Started buying Bitcoin when it was at $20k and probably DCAed up till now or even if they weren't able to DCA till this moment and maybe left off thier holding at some point in time without accumilating more,  buying bitcoin that's worth as low as $500 or even $2k will give you more profit than investing such amount into an altcoin and holding it  for same space of time. Can you even comfortably hold shitcoin? What's even profitable about shitcoin in the first place?

I guess the reason why some of you guys keep giving these altcoins this kind of hype is probably because you've not taken your time to look at the reality that altcoin were actually modeled from Bitcoin and that whatever happens to bitcoin will directly affect the price of those altcoin but bitcoin isn't affecting but whatever shit is going on with these altcoins. While I wouldn't want to spend a lot of my time still explaining why it's very wrong to even assume that  investing in shitcoins is more mouthwatering than investing in Bitcoin, understand that those investing in shitcoins have a pozi scheme mindset and aren't after making any real long term investment that's aimed at giving them a good returns. They just want to try there luck on whatever shitcoins that they feel is promising and it's just another way to do a 50/50 gambling on your fund and you want to compare what you get from such gambling to the reward you get from investing into Bitcoin?

No coin is currently as reliable as Bitcoin. Over the years, bitcoin has grown to become the leading coin in the digital market and not to be compared with other new coins. Bitcoin has the integrity to be in the industry for a much longer time, amidst the volatility, you can be rest assured that your digital assets are safe. Nevertheless, if you are not vast in the way the investments are made, then you should still opt in for the DCA approach especially as newbies. Let's assume you have a lot of funds to invest in Bitcoin, if you don't have enough knowledge about it it is better to DCA rather than Lump Sum approach.

But like @Frankolala mentioned you can not invest in shitcoins and expect the same result from Bitcoin. Profit making in bitcoin might not be as mouthwatering as it is in other shitcoins if you are investing with little assets, but you are sure of your investment and profits as well.

I agree with you on what you said @Tmoonz. It is not just all that, there are also good reasons not to time the market, or monitor the market because it is impossible to know bitcoin price movement, and it will be a distraction and waste of time for that person, because he might end up not buying when the dips comes. This is because it is either he will be expecting more dips, or he will not be prepared when the dips comes, since it comes like a theif in the night.

It is not only traders thay falls under this category of monitoring the market and timing to buy at the dip, both investors who have reached their maintenance stage in their bitcoin journey can also practice this, because they don't need to buy frequently using DCA anymore, but they will have a reserve funds in which they use to buy during the dips only. The most important reason why it is not good to time the market as a beginner who have just started his bitcoin journey is because you are little or no bitcoin in your bags, and you are late to bitcoin because the price is high. Therefore, because you are late, and you need to acquire a significant amount of bitcoin before the price pumps higher again, you just start buying regular using DCA to give you the opportunity to accumulate as much as possible based on your discretionary income.

The best way to grow and build your bitcoin investment portfolio at that early stage is just keeping on buying with DCA persistently and consistently till you have reach maybe 50% and above of your bitcoin target before you can start considering other method of accumulating, like buying at the dip or lump sum. If a beginner wants to use the advance method of accumulating bitcoin by timing the dip, he will end up not having very little bitcoin overtime, because you can never know the bottom line of the dip. What if you think that you are in the dip, and bought with all your funds as a beginner, and the market goes dipper, you might panic and sell thinking that the price of bitcoin will keep going down, and that will result to loss. Long term hodlers that just starts his bitcoin journey do not need to monitor the market in order to know when to buy or not just use DCA to take advantage of the market.

I don't think if you comprehend my explanation. Despite we talk about bitcoin here doesn't mean one can not make reference to any other coin. though my explanation would have been channeld directly to Bitcoin before taking about altcoin as the second option. But that doesn't mean my message didn't pass across.  i never said anything bad about bitcoin. no doubt that bitcoin is the topic of discussion here. But that not withstanding, clarification and explanation must be adhere with illustrations of any kind discrepancy to the knowledge and understanding of the third-party. Don't just ignore any information. you should read properly to the end. I only made a reference that if consideration were to be made aside bitcoin it would have been altcoin like etherium and BNB And some others instead of some sort of shitcoin. I was never intended to say altcoin was anyway better than bitcoin. When quoting make sure you read properly to the end of any comments and get the focal point of the message before jumping into conclusion. Not just taking out a particular portion that suits your judgement and tag it a misleading statement. And Morover I am a bitcoin investor not a shity type. I don't patronize shit in disguise of bitcoin. You you check my previous coment you would know I have been talking about holding and that is not a joke. So don't try to make me look different from my explanation. I gave alot of reference in the comment above of how important is Bitcoin.

Bro, in as much as you are new here, I believe that you have experience how the market have been declining for the past week now, and if you pay close attention to the alt and shit coin, they have crashed drastically wish most of them will never recover their previous value before now again, what am trying to say is that their is no point gambling with and alt or shit that falls more than they rise, when Bitcoin that gives you security for your investment is present.

The major problem most newbies are having is greed, they believe that those alt and shit coin can give them 10x to 100x of their investment, which they actually don't know that they are gambling with their hard earned money for something that is very much likely to fail than to succeed, until they stop listening to social media influencer when it comes to investment, they will keep on going the wrong path by investing in all this alt and shit coin.

@samlucky o,  what exactly is your definition of altcoin from your expression ? I don't think if  there could be any better way of describing that all other coins besides Bitcoin are not shitty and whichever way you may have it, no one deserves to be treated preferentialy because they are way far below Bitcoin in all ramifications, and not even considering their market capitalization which could only be causing lots of distractions, wasting of money, time and energies when all of that are supposed to be allocated to Bitcoin. However, trying to argue that not all coins other than Bitcoin are shitty can apparently cause a lot of distractions to this thread which is baseless and unrealistic. Whether shitcoin or altcoin they are just the same.



No mate, that is not the best approach you don't have to time or monitor the market condition if is a long term investment plan , which is the concepts of this thread. Those that time or monitors the market conditions are the traders whose aim or intentions are only to maximize profits within the shortest time frame which is considered to be gambling rather investing. The dca strategy allows you to buy Bitcoin irrespective of the price point either weekly or monthly based on your financial situation. However, buying at the dip can be very good as it gives you the opportunity of buying more Bitcoin at a price lower than it's previous high but it shouldn't be considered as a primary investment strategy, the best approach could be being consistence with your dca strategy and prepare yourself for the ups and down that may happen or not to enable you maximize every opportunity of accumulating more of Bitcoin in your investment.

I shouldn't have attended to this your comment because most people have replied to it but let me add more to what they have said. Shitcoin don't have future if you said altcoin, it would have sound somehow because when people talks about altcoin some may think of etherium or BNB and some others that have followed btc by having a good record over the years but talking about shitcoin, it just mean talking about fucking shit which is less or below the altcoin that people feel they can invest aside bitcoin.
Bitcoin has what it takes to be called bitcoin that's why people talk more about it.. ranging from market cap, total supply, scarcity and all that. Another thing also is that bitcoin is the only coin that always experience halving each circle every four years and that has cause tremendous push in each circle making it to have an all-time high ATH each circle and that is theore reason people love talking about bitcoin or investing in it. After each halving it creates a new ATH which even the dip can never fall back below the previous ATH. After the 2024 halving it will set a new ATH and we continue till another ATH will be set around 2028 towards 2029 so there is a great hope and future for investors and all this I explained shitcoin can never be a partaker of it because they have no potential like bitcoin. That's why bitcoin is the future.

For me I don't see it that way. accumulating process is a matter of choice  wether DCA, dip and HODL or lump sum. all you just need to do is to have your  reserved fund which you can use it to buy bitcoin whenever it's dip but DCA is still the best so far. There is no point going too far in explanation.

Expected better price means buy bitcoin at dips. You should decide to buy Bitcoin by monitoring the market conditions to get the expected good price or dips. But in case of depositing bitcoins or following investment DCA method may the best choice for you. The Bitcoin market is constantly changing colors so choose your best option. Rest assured that the DCA method is going to be the comfortable investment you expect.

I don't think people will want to play with their money in our generation today mostly when it comes to investment choice. There's no two ways about it call a spade a spade is perfect just like shitcoins so there's no much argument. Even if these shitcoins has proven 100% it's still advisable to avoid investing, from my view shitcoins only attract people who want to make fast profit so at first they might look nice for investment and at the end they end up misbehaving as usual. Just as every learning process implies little or big it's best to learn the needful first and I believe the needful is bitcoin. JJG has said it all don't let shitcoins mislead you to an extend you start hype shitcoins or shitcoins should not stand as an obstacle when it comes to making right investment (bitcoin) choice

What price is really a good price that everyone call out about each time we see bitcoin discounted price, this is most important because many times some of those price changes comes with their own special advantages and at that we have to come to terms with the fact that since bitcoin price is unpredictable,  all that we need to do is to make the buy order at a price that we are comfortable with.

If such understanding is there, it then become easier for you as an investors to manage yourself around the whole bitcoin market and it volatilities

Dips are always the best time to buy more bitcoin and add to what you have in your portfolio as well as averaging your price of bitcoin you’ve purchased so far in your portfolio savings. Not only newbies, but many would have panic sell at this dip. It dip and after a while when many people thought it will recover, it dipped again and made a lot of people to sell their bitcoin in savings. It is important to always have a prepared mind when investing in bitcoin, these are moments that your emotions are tested by the market and when you fail to resist it, you’ll be at loss with all of your investment in bitcoin. If you’ve been on the crypto space for quite some time now, this dip shouldn’t bother you because it’s a normal consensus that bitcoin follows before the halving takes place, so it’ll definitely bounce back big.


Every time before the halving and bull run are good time to enter the market, but when you enter earlier the better it is for you in the long run. When market dips like this, it usually come unexpected and it’s always a good time to buy bitcoin whether as a first timer or those that have been long in the market and using the DCA approach to accumulate their bitcoin. For starters, it would not be bad to put some money into bitcoin with this opportunity of the dip, it it dips more, you can buy more but if it doesn’t you won’t get an average entry price on the price it will become when it rise a bit of the price it dips. This is an opportunity for everyone, it is good to utilize it and the best approach is still the DCA strategy.

Well said,people come into the bitcoin market with high expectations, that consume them early with the aim of making quick gains within a short period. Like I said in my last thread that many are going to be shaken.

The market hasn't grab enough liquidity, newbies need proper orientation before venturing into the bitcoin market and understand the fundamentals of the market. This will prepare them but when you just invest without any knowledge about what you're doing you are bound to lose in such a volatile market.

One of the most important of all is invest what you can afford to lose and money you ain't going to use anytime soon. This will often lead to regre once neglected, always make the right decision.

clearly, its not everyone that should invest into bitcoin and one mistake we make is telling newbies that buying bitcoin will make them rich and because most of them don't know the key fundamentals of bitcoin investment, you get to see this kind of mentality that clearly shows the dude knows little or nothing about bitcoin investment and that he is probably looking for ways to increase his capital to go into his business and for such people, bitcoin investment will obviously not work well for him.

while its not out of place to teach newbies about bitcoin and probably work them through the process of accumulating bitcoin till they have gotten the needed knowledge that will put them in a comfortable position to start investing on their own, basic knowledge regarding the fact that volatility is an integral part of bitcoin and shouldn't be looked at in the negative sense should be one of the first thing to inform them about. a dude that speaks the way the guy in the chat did clearly knows nothing about bitcoin and would have a big issue ceasing opportunities to buy during the dip instead of being afraid regarding the effect of the dip on his holding

This is the main reason why buying the dip should not be taken as our primary strategy for investing in Bitcoin because it has the potential to fail us when we need to accumulate the most. Rather it should be seen as a secondary investment strategy option. Don't get me wrong I do not say it is not a good strategy because if an investor is lucky enough to buy the dip at a very low price (ie. 20-30% below) below the ATH then he would be on massive profits when starts retracing back up.

Yeah, it will be tramauntizing for beginners to buy the dip and before you know the price starts dipping more and more. Just like Dailsycript's opinion of Jay~. A good and more secured way for beginners to go through these hard decisions is to DCA. Whether they are buying at regular prizes or buying the dip, DCA method can be approached in both ways.

Firstly, there is no need to quote the whole post, especially if the post is long and you might be asking some questions that are related to ONLY part of the contents of the post.

Second, if you are still figuring out how to get started with regularly investing into BTC, try not to get too caught up in regards to figuring out what the short-term BTC price is going to do, especially if you are considering buying for the long term, just start to buy regularly, and while you are perhaps starting to buy with small amounts of your discretionary income, then spend more time making sure that you have your budget in order rather than attempting to be overly strategic in regards to your bitcoin buys. You can adjust your BTC buys as you get more used to buying BTC regularly, so yeah, it might be better to first just do small weekly buys while you are figuring out your specific financial situation.

Sure specifically we do see that we are in the middle of a pretty decent dip, and without knowing more about your own particular circumstances, it is difficult to even know how much extra discretionary income you might have sitting around and ready to put into bitcoin or if you might start to engage in overly risky behaviors merely because you are still new to buying bitcoin and/or you are becoming overly greedy in terms of wanting to get short-term profits, which surely in this thread we are not focusing on short term profits rather than the creation and carrying out of plans that are going to give you options on a longer timeline, such as 4-10 years down the road or longer, and yeah, it can feel good to be able to buy on dips and maybe to have some additional assurance that your BTC holdings are in profits right from the beginning, yet whether or not your BTC are in profits from the beginning do not tend to be very good focus points, especially if you might well be serious about long term investment plans that will build your bitcoin over many years and give you more options one or two cycles down the road.

And, yeah, we cannot even tell from your description of your situation if you are absolutely brand new to bitcoin or if you had already been accumulating bitcoin for a while, which also can change the calculations that you would do on an individual level, and surely if you are actually quite brand new, then you may well realize that it can take more than 10 years to build a decently good size and strong investment portfolio, even with an investment that is so seemingly strong as bitcoin, and in spite of bitcoin's many strengths, it is also not guaranteed to return profits to you, so you should also consider those kinds of matters when you are establishing your investment strategies and carrying them out.

Maybe you want to discuss some of the matters that you are considering within the 9 factors that are important to consider for investing into bitcoin, and remember that BTC price performance is ONLY one of the 9 factors that you should be figuring out, yet you don't need to figure out all of the 9 factors in order to get started.


It is best to presume all other coins besides bitcoin are shitcoins, and you should approach them from that perspective... Don't give shitcoins any kind of benefit of the doubt, but instead consider them as affinity scams on bitcoin and full of overstatements that are merely playing off of bitcoin.

Sure there may well be exceptions to the rule, but it is hardly worth any time to be fucking around with them,. even though there might be some shitcoins that actually have some possible value... and you might even get yourself into worse shape if you try to value them based on their having high market caps, so then you get distracted into a bunch of nonsense and wasting your time, money and energies, when you should be spending that time, money and energies getting your shit together in regards to your bitcoin strategy.

Yeah, once you might get your shit together in regards to bitcoin, then perhaps at that point, you will have more liberty to "look into" various shitcoins, and perhaps by the time you actually look at bitcoin, you will actually come to realize that it is not worth your time to be fucking around with those various distracting bells and whistles that may or may not pump at the time you would like them to.

Anyhow, the punchline is to presume shitcoins really are shitcoins and don't waste your time on them, even if you like gambling, but if you cannot resist gambling then limit your gambling to 10%.. but yeah, degenerate gamblers are not able to limit themselves, so they just argue that all shitcoins are not shitty, so they are already approaching the matter from the wrong perspective which truly should be to presume that shitcoins are a waste of time, money and energies that could be better spent on focusing on bitcoin.


Fuck off with your pumping of shitcoins in this thread and trying to proclaim that some shitcoins are less shitty than others.. yeah, even if what you are saying might be true, it is not appropriate to be bringing such distracting nonsense into this thread.


You sound distracted or maybe just a lost puppy.

Like this one:

This quote above is actually a post from my local board, I'm only using it as a reference to as many people, most especially the newbies whose ultimum search is to get quick profits, let them understand how scary it is to get involved into shitcoins, not just that alone, these set of people would invest blindly without proper knowledge. From the picture and chat, it wasn't Bitcoin they invested into, if it where then there will be no panicking because of the assurance that it must certainly bounce back to retain it's value. Our main search for investing, should basically depend on Bitcoin.

That could be a wrong advice for beginners, the DCA strategy is there for you to use and make purchases irrespective of the price point,. However, in as much as it is good buying when the price is lower than it's previous high it doesn't really make much of the difference with those buying at ye peak if the  intention is to hodl for long term, dca allows you to buy Bitcoin at every price point while making arrangements for buying too when the price is low which will apparently give you the opportunity of buying more Bitcoin with the same amount of money you use in buying from it previous high after making arrangements for your emergency, reserve and float funds which are supposed to be the basic awareness for every biginners.

Basically we plan to hold Bitcoin for the long term, those who buy Bitcoin for the short term will usually try to buy on the dip and sell at a higher price. But our investment will be for few years (10 to 20 years), so we plan to invest regularly. As many weekly or monthly bitcoin purchases as possible to maintain holdings and in the future we plan to hold larger bitcoin holdings. So we never think about selling the benefit from our accumulated bitcoins, we only think how to keep bitcoins for a long time in this kind of plan.

Buying the dip is a good strategy but it is complex and difficult to follow because you cannot know what the end of the dip is. Price may drop which you will consider the dip, and just before you know it will continue dropping lower and what you might be thinking is the dip will just be high prices. You don't expect newbies to be in a confusing situation like this because they might just get frustrated and start panicking.  Instead of this, I prefer the DCA method with which I will comfortably buy when the price drops, and when it continues dropping I will keep buying and all to my advantage and I will not have the option of panicking. Newbies can easily use the DCA method as they will not have problem with price dropping or rising because whichever way the price goes, it is fine for them.

I know personal choices matters when it comes to investment but as generally acceptable means of buying bitcoin, the DCA method is recommended for all no matter their financial capabilities because the investment can be made in pieces but regularly.