Topic: Buy the DIP, and HODL! - page 18. (Read 121579 times)

This is strange, and is the first time that I have heard that the bear isn't good to accumulate more bitcoin, instead of using the opportunity to accumulate bitcoin in discount, that you should stop accumulating but hodli. Don't you have the believe in bitcoin that the price will bounce back or a you investing due to FOMO and not because you plan to increase and build your bitcoin stash overtime for the future.

There should be no time for a new investor to stop buying bitcoin, and that is why DCA method is there for consistent and persistent buying with part of your discretionary income that will not put pressure on your finance, so that you can keep your DCA ongoing every week for 4-10 and above. If you are only buying bitcoin when the price is high and you don't buy in a dip, you'll get little quantity of bitcoin overtime compared to someone that is buying regularly both in the dip and when the price is high overtime.

Moreover, DCA approach does not select when to buy or not, but just keep on buying irrespective of the price of bitcoin at that moment. As I am talking to you my DCA is ongoing, even if the price of bitcoin skyrocket or dip, I will continue buying every week because I have a goal to reach my bitcoin target.

An object or resource is never positive for all. For example, no matter how well you do, it will never be positive for everyone. Numbers will definitely be negative for some people. Bitcoin is slowly spreading among people and gaining trust, but no matter how well Bitcoin does, you will never find positive comments about Bitcoin from some people. We should avoid such people.

Why listen to other people's opinions when you can see Bitcoin's success up close and realize a possible outcome of how well Bitcoin will do in the future? If someone is interested in learning about Bitcoin, I find it useful to discuss Bitcoin with them. It would be wise to avoid arguing with Bitcoin negative thinkers.

Well I don't know how you came up with that figure, but I gave you the link provided by JJG some weeks ago but perhaps you chose your own website which I don't know how you get to that figure. But I will provide you with another quote of JJG fuck you status table, which can help you to calculate the amount of bitcoin you would have invested if you have invested a decent amount in the early period of about 5 years ago.

This is the table. But this is only an example for you to use and make you own calculations. The table is Bitcoin DCA investment in prior to 8 yeas starting from 2024 to 2032. Investment staring from $71 each week and progressively increases to $152.19per week in DCA as bitcoin keep rising. This investment is in prior to current price of bitcoin 2024 as at the time of making the table so if it was made today the end point would not have given you the exact amount of btc.

Of course we are talking about 5 years ago but not 8years from now. I think you should make your own table by back dating it and using the bitcoin price starting from 2020 - 2024 and get your amount even though surely it's not going to give you the exact figure but approximately.

Even though all this will not be pretty necessary but accumulation should be taken seriously.

The market at this point is still a big opportunity because there is never a wrong time to buy Bitcoin. The potential in Bitcoin is fantastic and something everyone should see as a golden opportunity to be part of something amazing. With a fixed supply and many people becoming aware of it and even buying it, it can only get better for Bitcoin so buying now is a nice start despite the price that some people are thinking have gone a little higher.

It is an unfortunate situation because I still see a lot of people around me that still see Bitcoin as a ponzi scheme. To them I'm not invested in something real because they don't believe Bitcoin is something to be trusted despite that Bitcoin have been around for long and continue to get better. Through them I understood that no matter how good anything is, it can never been good for everyone so instead of worrying myself about Bitcoin critics, I focus on making good use of the opportunity I have to build my Bitcoin portfolio. I rarely pay attention to them because I am convinced that they will one day come to the realization that I have been right all along.

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

The ones that will FOMO are the less experienced holders.

It's normal to see them on that feeling when they're not confident of what they're doing and what the market does for them. But you know you when you've been here for quite a while.

Truly unreasonable to the fact that they only look at those negative things happen, but they didn't even try to look what bitcoin achieve for its existence. People always think negative to things that they don't understand that's why its somehow expected the way how they talk about bitcoin especially that their knowledge is so narrow about this coin. But for many times that bitcoin gain positive exposure and good milestone also adaption acquired for sure that those doubting minds will be converted to curious one to try what they have missed out on bitcoin and actually we see slowly shift of attention since those people I see saying bitcoin is scam are now participating on some bitcoin gaining activities.

That's why to lucky for us people who know and understand bitcoin so well since for longest time we are gaining something from bitcoin and our continues belief that bitcoin would bring more profits in future. So continue to buy and hodl since for sure that there are more to get from it and ignore those people who spread negative thoughts about bitcoin.

Actually, if you routinely buy $100 per week for 5 years, the total value invested is $24k. I don't know why the site adds up to $26k in total invested value for 5 years.

Previously, Mr. JJG has provided a table about the DCA strategy in 5 years, but yes, every year where the investor increases the value of his investment to levels, for example, $100 is purchased routinely every week until it reaches 1 year. And in the following year the investor increases the execution per week and so on.

Sometimes it takes accurate planning to reach a more aggressive level than the previous year. I think it's very easy to do if we get increased income in the following year.

Every year the price of btc will be different, it could be that early next year it will be $100k but our investment does not increase, of course that is a factor that must be considered early, if you are able to allocate more, of course that is better.

The 5-year period is the ideal target to apply in investing in bitcoin.  We can consider many new programs in the next investment, for example, large profits will make us set a more aggressive strategy in the next 5 years with an increase in purchases that can reach $150 per week. That is the ladder to reach a wise level in dividing 10 years into two choices with more varied purchase levels.

If you look at the history of bitcoin prices after being owned, you should not regret not buying at a price of $ 48-50k because bitcoin will continue to rise before reaching its highest price after the halving occurs, this can be seen from the patterns that occurred in the previous halving.

That is why it is important for all of us to study bitcoin in detail so that we are more confident in the development of bitcoin for the future and of course buying bitcoin is never too late and there is no need to regret not collecting when the price is cheap, therefore it is highly recommended for all of us if we want to invest in bitcoin for the long term using the dca strategy, because this strategy is the key to achieving financial freedom.

In the past few days, bitcoin has slowly started to strengthen, even in our predictions it will soon reach a price of $ 100k so don't regret it, and it would be nice if we made that regret a lesson so that the regret is not repeated because we did not immediately collect bitcoin.

Then, those people are highly unreasonable, you do not call something a word that it doesn't show any attributes of, they are just haters and self-deceivers. Bitcoin is a currency, no doubt about that and before they say ill of it, they should first learn to investigate what it is. But it never surprised me with the various names people call Bitcoin today, it's also the fault of many people who abuses Bitcoin, they are the true enemies of the coin. Such people use the name of Bitcoin for all sorts of illegalities and Ponzi activities is surely one of them.

We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price.
In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.


100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures. 


I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.

Most who invested earlier are already receiving X2 or even more of what they had accumulated, we have gone too far to retrace back to any price, for the remaining month in the Q4 of this year, we should only expect the price to keep going up till we exceed an ATH. 

I doubt for Bitcoin ability to fall below $50,000, sooner or before we hit back the DIP, the bull run is just beginning and more time to spend in this season adding up profits to our portfolio.

Indeed, in the end it will be a good thing if in the end someone can maintain consistency to make such a large investment and reduce their living needs but in the end the question that will arise is whether it can be done for a long time? Even though being in bitcoin is ultimately a very good thing but in some conditions we also have to think about ourselves and the living needs we have to do because even though I still agree with what you said that a person's standard of living is a personal determination but in other conditions we also cannot make the initial situation as aggressive as it is (by doing at 35 percent for investment in the condition of our monthly income which is only $120 according to the context of the initial example) because indeed for the worst possibility we will not be able to survive for a long time with the situation that will occur in the future where the economic level and needs are increasing.
It is important in the end that instead of forcing 35 percent from the start, it will be more worth it to do it in conditions that we can minimize like 20 percent or 25 percent, which is still quite worth it with an income of $120 per month.

I couldn't agree more with you, because in order to invest in bitcoins it has to be done according to the rules as it has been in the past. Because the price of bitcoin is the price it is now and it will increase in the future, I think if your plan is several years into the future you should invest in the present as in the past.
  Because your future depends on your investment, there is no reason to be restless. As the market dips over time, it gives you the opportunity to buy more bitcoins, because if you invest at a price now, it is less likely to return to that price later. Because if you invest every week according to the DCA method then keep doing it and you will progress as per your plan.

There is no need to regret not accumulating Bitcoin when the price was $48-50k the current Bitcoin price we are seeing now will actually be a dip in the future because Bitcoin price will definitely hit $100 and more. It is important as an investor to make use of any solid opportunity in the Bitcoin market because in time coming what we see as Bitcoin ATH now will be seen as dip in the future, the current price of Bitcoin should be seen as an opportunity to still accumulate more Bitcoin if the fund is available so that there won't be any thing to regret in time coming we could still accumulate as little as we can using the DCA strategy.

Actually what @Wind_FUry said is true that lots of people especially those who engage with traditional investment think that Bitcoin is just a Ponzi scheme. This is what they believe because they don't know how bitcoin works. But for sure those skeptical people lessen over the years especially when bitcoin gather much attention and got serious attention towards possible adaption especially if Trump would win as President this election.

I don't see much people now talk about bitcoin and maybe those who hate it before realize that bitcoin is a big deal that they missed for many years. Also feel bad for people still skeptical about it since they missed something good opportunity that can provably change their lives.

A few months ago many investors looked for more dips and they missed the opportunity to buy at their desired price and see the current price is very close to crossing the ATH which can definitely be instructive for investors who missed the event. As a bitcoin depositor you should not look for dips you just run DCA regularly with discretionary income and for a long time. You can assume its duration is 4 to 10 years.

A steady Bitcoin savings can yield decent holdings for an investor and the potential for higher profits with long-term holdings compared to short-term profits. The thread here is made to emphasize holding more than profit so every investor should tend to build a large holding by buying regularly.

It's tough to say for sure , the market (Bitcoin) is really volatile and it might seems Bitcoin has established a strong base. The future holds so many possibilities and who knows we might just be on the edge of greater heights.

Investors  should always take advantage of every moments that arise because those moments when you think prices are too high might turn out to be opportunities you wish you had seized and also Those dips can really feel like missed opportunities, especially when you look back and see how much the price has changed. The market is uncertain it can change rapidly and what seems like a peak today could be a stepping stone to even higher prices in the future.

Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential

A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.

Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.

The situation really looks like you won't be able to see Bitcoin at 50k unless a "black swan" happens. But I'm sure everything will be fine. It's very funny how we discussed in early October how likely it was that it would become another green UPtober, and now Bitcoin is a few hundred dollars away from the old ATH (it seems like Binance has recorded a maximum of 73.777).
Lets continue to accumulate according to DCA. And someone can say that now is the maximum of price, but soon it will be the minimum, we have 100k ahead.

I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".


That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.