Topic: Buy the DIP, and HODL! - page 17. (Read 79835 times)

Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten.

I just got to know that you don't even read what is happening here before you make post, basically, from the subject matter here we are actually discussing about buying and hodling and not some form of short term trading, even if you trade and you make a whole lots of profits from it fine it's your choice but you should know where and when to channel your opinion accordingly, we have the trading section of the forum so if you want any discussion about trading that will be the right place for you to channel your opinion because doing it here makes you go against the forum rule of posting off topics replies.

Yeah there are people who makes trading their hobby such that they are always at alert watching the market and using different signals to target the market fluctuations but do you choose what will deprive you from doing other things simply because you ard busy watching over the activities of the market and it can lead to being too addicted to trading.
It's very clear that all what you are trying to entice others to do is to give them the idea that they can get rich quick by practicing trading but I want to tell you that you had better embrace hodling for a long term because the day your trading strategies will fail you, though I don't pray for that to happen to you but you should know that Bitcoin is the key to wealth creation and it's only when we are fully involved that we can have the taste of it.

Trading may not work for you all the time and when the losses begins you may lose much more than you gained and possibly lose your capital too, so hodling is the sure way to go.

The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in  a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase.  If we treat it this way, we won't get tired but keep investing in our digital gold.

This is completely an off topic and meanwhile this thread is not talking about selling which sounds more of trading and gambling, but accumulating Bitcoin and hodl for a long period of time for like 5-10 years and the best way you can do this is to set aside an amount of income after setting aside your reserve fund or an emergency fund then use to amount to buy Bitcoin by using the DCA strategy which will help you to buy at regular interval either weekly or monthly.

Is unfortunate that most people do not understand the purpose of this thread because obviously he is talking off topic and what surprises me is how he feels that is the best strategy for him,sometimes ignorance could actually lead to failure on investment because obviously @ArumiBTC doesn't understand the risk involved on the strategy he is talking about and it has become crystal clear that he doesn't want to learn or understand what investment is all about, however considering his level into into Bitcoin investment he is clearly a beginner who doesn't have any knowledge about investment and the best thing he should do for himself now is to learn instead of formulating an erotic strategy thinking is the best.

We are not discussing how to buy bitcoin as a day trader, what we are discussing here is how to accumulate bitcoin and hold it for the long term with the different strategies used in accumulating bitcoin depending on your income source. If you open a thread next time, learn to know the topic of the thread you opened so that you will not spam the thread with your post. Since you are a newbie and you're in this thread, you should accumulate bitcoin with the DCA strategy so that you won't want to put all your money in bitcoin at a time. With the DCA strategy, you can use 10% of your salary to accumulate bitcoin when you are paid a salary. The DCA strategy will allow you to accumulate bitcoin without deciding if it is the right time or not to buy bitcoin. You should also keep an emergency fund that will help you solve your unforeseen problems so that you will not depend on your bitcoin to solve them.

Building and maintaining an emergency fund should not be underestimated because is the key when it comes to bitcoin investment because without it one's financial stability is not ensured and when one's financial stability is not ensured holding bitcoin or other investment without selling them out will be difficult.

The availability of emergency funds, reserves and float gives one the security when financial emergency comes. This approach of emergency funds makes sure that they are solved without one dipping into one's investment.

Just like you said in other for one's Bitcoin investment to grow one needs a solid financial foundation because the absence of a solid foundation would definitely lead to depletion of investment and will also hinder one's long time investment success.

Emergency funds are very important as the investment itself, because without it one's investment may crash.

The reason some people don't see emergency funds as so important is because they earn enough salary that can cover up there emergency at any point in time.
But this is wrong because if you lose that job it will lead you to dip your hands into your investment in other to settle your financial needs.
But if you had an emergency funds it will prevent you from using up your investment.

Actually, if someone who is a beginner gives a misleading argument, I think they really don't understand what they are talking about. I think they should learn and practice the correct way of investing in bitcoin. Someone who wants to learn about bitcoin investment will ask the right questions that they don't already know, instead of giving directions that are misleading with what they say.

Previously, many beginners had successfully practiced DCA in long-term investments because they had the desire to learn and they also wanted to put it into practice in their investment planning.

Maybe for ArumiBTC you have to learn about Bitcoin and you can go back to asking what you don't understand. That way, the seniors here like JJG will provide explanations that might be easier for you to understand in planning the investment you will make.

I don’t understand what’s misleading on my statement. You are exaggerating my comment and consider trading as risky even though we are talking about Bitcoin here.

I’m not suggesting anyone here to follow my strategy but I just share that I can do both since I have long term holdings that I purchased long long time ago in a form of physical coin loaded with Bitcoin while trading at the same time using my money I get from my job and business profit. There’s nothing wrong here, even newbie can do this. I’m not suggesting to do a risky trade that’s why I mention on my previous post if you are reading it completely that I don’t involve on futures trading. Just simple buy low and sell high on spot market is what I’m doing on my trade. There’s nothing risky with this approach.

To be clear, my intention is not to promote trading here, I just share my dual strategy base on my quoted discussion not for the general comment here.

I think it's in  your best interest to understand this, this post you made is actually off topic, and I think you should read the topic before rushing off to post. Trading isn't the whole discussion of the topic, and trying to debunk the topic under this thread is actually off topic and totally uncalled for. Your post would've been most appropriate in a corresponding thread.

Aside making an off topic post trying to debunk the topic in the discussion, something else that is totally uncalled for is the spam post you dropped here. You should be aware that there are penalties attached. Even if you may not feel I'm in much position to correct you, but since you're a newbie and doing these things that I see you've done, I'll advice that you quit running around and cool off,  read more than you spam. That way, not only will you get experience from higher members, you will also gat ahang of how it works here on the forum.
This thread, (since it totally appears that you do not get it) is created to discuss HODLing and not promote trading or any other off topic that you can think of. If you have no idea, or contribution to make on the topic, what I'll advice is to find a topic that you can naturally relate with.

That might sound more easier said than done, the reason being that you have been in the market a little bit longer enough to understand the market conditions in as much as trading can devaste ones emotion which is not mostly advisable. However, the thread discussion is not really based on buying and selling but talks more about various strategies of buying and holding Bitcoin for long term, your narratives on the part I highlighted can become problematic considering the fact that there are newbies,(those that are still new in the system who may not have the psychology enough to approach trading and it can be misleading to those who are yet to know how to work there way out in the market,Yes anyone can do whatever they like, but there is no way anyone should be advice to be trading Bitcoin let alone a newbie.

As i said before if you have big guts and untold finances like Saylor then it can be done but if in the end we are just ordinary investors who only set aside money from the remaining salary (income) that we have that has been deducted from the need to live and reserve funds then indeed we should think a few times to do that because in the end it is a stupid act that is not recommended by ordinary people.

In the end even though everything depends on the strategy but still it must be considered carefully because in this case we are not just borrowing and paying but talking about investments that should be profitable for the future that we want to achieve so don't let it burden us even though in this case investment is still a situation that must be considered but on the other hand we also cannot make ourselves miserable with the wrong choice when we want to invest .

Actually what he said is a good method for scalp trading. I’m using same method except from shorting the market if I have an extra fund I allocate for trading.

The only thing that makes this comment is a fool method just like what you said is because he suggest this method on a thread dedicated for holding not for scalping so people here will surely don’t appreciate his comment.

We have different risk appetite, some people can still DCA even if the price is near ATH but others wait for a certain correction before they start to DCA. I personally do both, I have a holdings dedicated for long term investment and for trading purposes dedicated for buying and selling on every price action of Bitcoin.

Since you know you are a newbie, you should also know that you have so many things to learn in the forum, like posting in the right board, and also not writing off topic.

Nobody fucking cares about the profit you claimed to be making, but please don't go against the topic that's being discussed in this thread. One problem I have with some newbies they act as if they know it all while they know nothing and are too proud to listen to the voice of reason. The peanuts you are seeing and calling it profits can't be compared to the profits that hodlers makes. You are going wrong that's why many people are redirecting you back on track but it seems you are too stubborn to listen, well good luck your your ideologies and philosophy but you have to do it outside this thread. Don't come here and put confusion here, for the sake of others who will come to this thread. You can take your strategy to other threads where it will be appreciated but not here.

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.