Topic: Buy the DIP, and HODL! - page 180. (Read 134803 times)

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

If a new investor like you is scared when the price of bitcoin dips which can lead to you selling your bitcoin, it is wrong because you shoukd have known the basic knowledge of bitcoin before investing and one of them is invest in a long term and only use part of your discretionary income to invest. Firstly, you can start by investing little amount like $10 and as time passes on, you are learning and understanding how bitcoin works, after a year or two when you have believed in bitcoin or gain confidence, you can increase the amount to your desired amount based on your discretionary income at that moment let me say $100. Also having an emergency funds will make  be able to hodli for long because when an emergency arises, you are prepared for it. It is good to have an emergency funds up to 3-6 months and reserve funds to back up your emergency funds.

Buying bitcoin during DIP doesn't necessarily mean that you purchase a whole Bitcoin. If you want to buy during DIPs and the funds is not enough  to purchase a whole Bitcoin you can buy with funds avaliable.  Let's take for instance I have $1,000 available to buy during DIPs and the price of Bitcoin is $30,000, with calculation of $1,000 to $30,000 will give 0.0333 worth of  bitcoin, and when price bitcoin starts going up to let's say $40,000 your purchase increases by 0.0333 × $40,000 will be $1,332. If an investor planned for a dip and it occurs there is no need to wait for price to continue declining to a desired level which might not happen, take advantage of that moment with funds available, with a long term perspective the benefits will yield.

Let me start by saying: If you are aware that Bitcoin is volatile, with prices that can move up and down at any time, then you shouldn't be scared at all, unless you don't have long term plans for your investment. As I have mentioned in few of my old replies, high expectations can create a vacuum of fear, especially when things don't turn out the way investors expect. Taking the long bullish trend that we experienced from late February till early June (if I am not mistaken), before we started to experience some decline to as low as $56K. Recent times (of $56K) like this are enough to create fear and panic because many people joined the market when Bitcoin made massive progress from late February till June. Many people joined, believing it would always be a win-win situation, forgetting that this is still the Bitcoin market, where certain things haven't changed (like the rise and fall of price).

The good news is that just because there is a decline in the price of Bitcoin doesn't mean that the price won't move upward again. Remember that it is always an upward and downward movement. So, as long as you are a long term investor, who is ready to hodl and keep accumulating for a decent number of years, you should be certain that you won't run at a loss.

For beginners experiencing fear and panic when there is a decline in price, you should understand that the Bitcoin market is a place where tough decisions can have a huge effect on anyone. I don't know how normal it is for every beginner to experience fear, but your case can be different only if you choose to address it. You should be able to question yourself on why you are actually making such an investment. is it because other people are doing it, or because you actually consider Bitcoin investment as the best option for yourself?. Most people today can't even picture themselves continuing with the same investment plan for the next 7-8years, but they can easily picture themselves driving a good car in the next 4-5years, which then makes me doubt the business they have here.

Bitcoin investment is clearly a decision where you have to be realistic and take a bold step. Those with fear might find it difficult to continue or survive for a long time. Don't be scared to make an approach, but try as much as possible to invest what's within your capability, moreover, you can also gain the necessary knowledge even while making your investment as stated by JJG on this thread 9 individual factors.

Looking at the price of bitcoin has made so many people unable to make a move to invest bitcoin,  waiting for the price to fall is the reason why people procrastinate and delay to invest bitcoin. The price of bitcoin has always been unpredictable, this is why it is not very good to wait for the price of bitcoin to fall because on waiting for the price of bitcoin to drop it can be a different expectation.

  Buying bitcoin without any delay is always profitable even if one buys and the market drops, no need to be in panic because the market will still increase. It is very important for any one to think of buying bitcoin to invest their should be a good understanding of the price movement of the market because when their is a good understanding and if any fall of price happens it won't be a strange experience and their is already good understanding that the price of the market will increase.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

Its normal to get feared on situation you are not familiar but its good to learn all of the important things you consider since right now there's a lot of information available in internet people just need to browse it. Also they have know dedicated thread like this where they can talk about bitcoin investment and those helpful strategies that you could able to use.

Also people will only get concern about volatility if they are engaging much on trading so forget about that and stick into long term investment then try to read a lot of discussions in this thread since for sure that there would be a lot of clarification or learnings that you can get came from other people who help or contribute to this thread to became more better venue for people who want to learn about right thing to do with their bitcoins.

not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

Buying dips can definitely give you leverage that adds up to a different profit on the overall investment. But you can take more advantage by your regular purchases like you are in regular DCA method and adding disposable income part every month by buying bitcoins and if you can run this process for 10 years or more then your portfolio will look highly decent and complete many cycles. Chances are that Bitcoin keeps adding up at a compounding rate. Additional stashing if you can increase the amount of DCAing periodically as your income increases. You must remember to keep bitcoin stashing strategy with buying on dips to take profit as long term holding can protect your margin while also taking high profit.

If you do that, then that will mean more Bitcoins available for me.


But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

That's a wrong mindset mate, the only one can take a break or decided to stop accumulating as an long-term bitcoin Investor is only when he or she has already gotten themselves a nice bitcoin stashes. As an bitcoin Investor taken the bullrun as a target of selling your bitcoin stashes when you haven't gotten some good stash of bitcoin or haven't hitting yah accumulation goal ( when you have gotten enough Bitcoin stash ) is wrong same as accumulating during the Bear market alone. Alot of folks as been into bitcoin for long and they have experience alot of bearish and bullish market but still they kept holding, despite not having any guarantees they kept on holding because they believe in bitcoin.  And they know why it can do .

Like for me this BULLRUN ain't my target , is just a form of encouragement to keep pushing and accumulating. Till I have gotten to my fuck you status ( point of having enough Bitcoin stash). Because this isn't the only bitcoin we are gonna experience, there more to come . So I'm literally preparing for the future, because bitcoin investment is all about the future and bitcoin we keep on growing over time , to be frank I didn't started my bitcoin accummulation on time , so I have not gotten to my target yet, my target now is for me to have more than one bitcoin, due to bitcoin recent prices it won't be easy to get there just like that so it may take years before getting to that point and don't forget bitcoin price wait for no one .

You've nailed it, my friend, many will just be running their mouths about Bitcoin investments but will never be reasonable with it, only to repeat what they can commonly read online. To DCA or whatever approach you use to invest is a thing, but to have your investment plan after the approach is another thing and both have to be considered before an informed-investmenet can be made.

Why DCA when you know you will divest pretty soon? It is only a dedicated HOLDer that such an investment approach will fit. Also, the most driving force to HODL will be your trust in that particular asset you want to invest in, not because you see people doing it or you are just making some random investment like most people do. You can see this kind of trust in some people like JayJuanGee here when it comes to Bitcoin. Such people may not even care to hold it for decades. I envy the spirit but it could have been easier for me too if I bought Bitcoin at a deeper low.

Yes, it's more productive and more profitable to be a long term holder because to me, investing with the intention of holding just for a circle is not ideal to me, because you definitely can't get the desired result of building a generational wealth, by holding just for a four year interval, but if you really want to milk something good and build a generational wealth overtime, the best approach should be first of all accumulating a very good stash of Bitcoin in your possession through the DCA accumulating strategy, because the stash of Bitcoin in your possession is what determine how profitable you will be.

Secondly, due to the high potential of Bitcoin, it's best to hold for the minimum of 10 years, because I believe that in ten years time from now, Bitcoin might get up to 700k in value, so if you can hold that long while having a very good stash in your possession, you will definitely get a very good profit from your investment if you wish to sell, but if it's me, I prefer taking profit than sell all my holdings, so in essence is that, holding Bitcoin just only for a circle of four years, will not be able to build a generational wealth we mostly wish for.

Of course, I doubt that anyone here is recommending waiting for or setting up a practice that relies on buying the dip rather than just buying regularly.  Sure if you have already accumulated a lot of BTC at various prices, including current prices, you might wait for a further dip, yet even the way that I framed the matter would be premised upon your already having had bought a lot at current prices and maybe even at higher prices.

You Btcdeybodi have only been registered on the forum for 8 months, and sure it is possible that you have already accumulated a decent amount of bitcoin, so none of us can presume your circumstances, unless you describe them or some variation of them, so maybe you need to present some kind of a hypothetical person who may or may not be yourself in order that we might be able to present opinions regarding whether such a person might buy bitcoin or wait for further dips... to the extent that it might make a difference, and surely many of us will likely suggest to just keep buying and not to be fucking around with dips absent some story that you either front loaded your investment or maybe you have been into bitcoin much longer than your forum registration date or that you might be an already existing investor who has particular circumstances that might need to be described for us to decide whether waiting might be a better strategy than merely buying regularly.


Who cares about Dan Morehead?   WE cannot turn back the clock, and also there are not too many folks who have around $2million sitting around... including that even lump sum buying tends to bring its own unique circumstances, and we cannot even presume that folks are generally able to lump sum buy.  If you are someone with lump sum circumstances, then maybe you need to describe those circumstances to us including when you already bought and if you did not already lump sum buy, then why not?  If you actually have a lump sum available to you, when did it come available.  You can lump sum buy with that, DCA and buy on the dip, so maybe it would be good to know if you actually have a lump sum available that you are able to buy now, and maybe I would still question why it had been taking you so long, but surely there could be circumstances in which guys might have just gotten a lump sum available and they are fortunate enough to be in a dipping area that they could explore right now and decide how to apportion their lump sum in terms of either buying now or apportioning some of it towards DCA and/or waiting for a further dip.

People who have lump sums have more options than those who are ONLY able to buy $10 to $100 or whatever other amount per week based on fairly limited circumstances in the amount of their disposable income.


Of course, and probably $2million in 2013 dollars would be $4 million to $6 million today, depending on what kinds of things are being bought with that quantity of money, so if you have $5 million then you could buy right around 89 BTC at $56k per BTC, but you still would face the dilemma of whether to buy all right away or to engage in some other way of buying, and also if you have had the lump sum for a while, why are you just considering BTC right now?  What are the circumstances of such a person who might be considering buying BTC right now.


All of these are fair points, observations and conclusions, so maybe in the end you came to a reasonable conclusion, and I guess your earlier points were just to argue with us (or to provoke?).

Yes not only investing following DCA but investing should have a target for long term. Only when you plan your investments for the long term can you be successful. As most of the people invest for bull run market to get more value but if you invest deep here you can get good profit. It is best to buy on the dip to make a profit on the investment, but if you buy from here, it is possible to make a lot more profit when the price of Bitcoin increases. But if you plan to invest for a long time it is definitely more profitable so it is better to plan well for the future.

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying? We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k which means expecting more DIP may not be achievable but instead Buying at the current price now can still be considered a DIP price in the next 10 years when the price must have climbed to a very high price so someone who bought Bitcoin now can also be celebrating buying at a DIP price but the only difference will be that they may not acquire as many Bitcoin as Dan Morehead bought in 2013 because if we calculate the amount he bought that 30,000 BTC with at the price of $65, it will give us $1,950,000. That is he used $1,950,000 to buy 30,000 BTC in 2013 but looking at the current price of Bitcoin now $1,950,000 can only buy 35 BTC at the price of $56k even though it gives $1,960,000. So what am trying to say is that sometimes, taking a look back at the success of others who bought and hodl Bitcoin years back at cheaper price gives some investors a wrong understanding that an intensive DIP can happen where they can have the opportunity to buy at more cheaper price but for me, inasmuch as you have long term targets there should be no need to always wait for a DIP before buying Bitcoin, you can actually buy at the current price and also hodl for a long term and experience a high profit as well even though it may not be as someone who bought and hodl Bitcoin years back.

✨ Billionaire Pantera CEO Dan Morehead ignoring the FUD and buying #Bitcoin   , exactly 11 years ago. here

He bought 30,000 BTC for $65, and is up 80,000% – all because he bought the dip 👏






Dan Morehead bought Bitcoin 11 years ago, it's really mysterious and currently reaps huge benefits. Here you will know how profitable deep buying is and the importance of long term holding. So this opportunity is there to invest and hold for long term.

I couldn't agree with you at all, you are basically for money and profit. Generally Bitcoin Investing If I invest following the DCA method I can't target the bull run market I have to have a goal to invest. If DCA invests in average price control, this is the biggest opportunity in current dip. If one invests in present time then surely investment success will come and maximum dip will be bought. If one follows the DCA method to reap the benefits, he will not be able to survive his investment for long, that is why future planning must be done strongly.

I guess each of us write posts or participate in threads in accordance with areas of our interest, and since the beginning of my forum history, I had never really been much of a thread starter yet there came a point in time that I felt that I was repeating myself so much that I felt that I needed to create a new thread on the investment ideas topic in order to put some of my thoughts in a bit of a better order, and so in recent times, I have been frequently linking back to my various posts in that thread and then also in the more recent thread that I created relating to sustainable withdrawal. 

Of course, my ideas are not completely closed on those topics, and sometimes I will edit the Opening posts.. yet I try to show the dates of my edits, even though my system on showing the dates of my edits might not be the best... but yeah feel free to post in that investment thread if you want to explore some of the ideas or you have any questions or comments on the ideas.
Surely, even my ideas might also evolve, and I might not even realize that I had changed my mind on a topic that I had previously posted about in that thread... I know that since the end of May, I have needed to update my fuck you status chart, and I have my own updated version, but I have not yet gotten around to updating the thread with a new fuck you status chart that shows our end-of-May numbers that I already know will end up somewhat changing some of the forward projection of the numbers of that chart..


I wonder if you are describing these matters correctly JoyMarsha?  I have my doubts if beginners should take breaks whether there is a bull run or not, since it can be quite difficult to know if there is a bull run or not, so both you and Miles2006 have pretty recent forum registration dates, but surely there could be some circumstances in which some investors might have front loaded their investment so they might no longer be engaging in strict DCA strategies, yet I suppose that no matter what, each of us should be figuring out our own financial circumstances, and so if we made some mistakes along the way, we likely have to reassess, even though surely it seems to me that following a pretty strict DCA strategy for a whole cycle should be amongst the basics for the new investors who are not in a position to front load their investment, and even the ones who are able to front load their BTC investment, they still want to continue to DCA through a whole cycle, yet surely the more bitcoin that any of us has accumulated, then the more that accumulation level could end up affecting our thinking about if we have enough or not and/or whether we might want to move away from a strict DCA approach and into some other tactics that might involve buying on the dip or maybe some other waiting rather than buying all the time kinds of strategies.