Topic: Buy the DIP, and HODL! - page 188. (Read 109174 times)

while it's true that everyone has his strategy regarding how he goes about his Bitcoin stacking and that a guy can make plans regarding the point he dims fit to sell part of his holding, selling your Bitcoin for the purpose of buying back during the bearish season can become quite a problem since Thier is no 100% certainty that bitcoin will DIP bellow the amount you sold it at a close interval of time and if after selling your holding for such purpose, the price continues to increase, it will put you in a position where you have to stay much longer before Bitcoin DIPs to a convenient point that won't put you in a loss and considering that such scenario may happen or may not happen, it's kind of risky trying to sell part of your holding for the purpose of buying back.

But if you've been long with your DCA routine and have possibly stacked to the point where you are probably in a very comfortable profit region, then whatever you choose to do with your profit wouldn't be big deal as it's certainly going to still put you in profit in the long run. Note that I'm not saying that your strategy is bad most expecially if you're not a new person and have probably been involved in buying Bitcoin which should have built your psychological strength to managing your waiting season after you've sold part of your holding. but for some folks here that her probably new, setting out plans to selling part of your Bitcoin for a buy back Purpose will certainly not work well for them as what they should be more concerned about is their ability to stacking more and building a strong portfolio rather than thinking of selling whenever the market gets bullish. It will make them think like traders and might not work well for them in the long run.

Well... your strategy for investing in Bitcoin is commendable and timely. This method seems to keep your investment safe enough. You have opted for holding and DCAing bitcoins at the same time. Originally the subject of this thread was arranged like this and everyone is trying to arrange their strategies in the same way. One thing to consider here is that only those who have a lot of money will go for these two strategies. Most investors may prefer long-term holdings because Bitcoin is the most rational and diversified investment.

If I had a lot of money like you I would buy the dips now and hold it until 2028 or more (based on price), and secondly the DCAing strategies at monthly basis it would continue till 2030 (if there is no special need). At this moment I'm only concentrating on DCAing and meeting my overall needs. I have no regrets because I will not do anything beyond my financial means. Although Bitcoin's holdings are preferred.

What's the need of selling your bitcoin holdings on such a probability that might never happen, how wiudl you know if we would be bearish next year, while it is true that bitcoin has its cycles, it is even more true that it is very unpredictable and trying to be too smart and trying to engage in buying and selling practices is just gambling or even trading, and worse you might never get to opportunity to buy at the prices which you sold off your holdings, I think your underestimating the power of long term holding in terms of profit. DCA works better when you are buying consistently over time and that's how you have an advantage over volatility not selling your asset just to make profits.

I know that everyone has his opinion and plan on how long they want to hold their bitcoin which should normally be from 4-10 years and up to 20 years for persons younger than the age of 20 or 20 years, and what I believe everyone should understand and consider when making such decision is that the longer you hold your bitcoin the more possibility of having more profits on your investment and that is because of bitcoin compounding value. Wanting to hold for 4 years is not entirely a bad idea and that is if you are close to retirement or already at retirement and don't have enough time to get to a fuck you status level in bitcoin, you can just try to accumulate as much as you can and have a good portfolio within that 4 years if accumulation and then you can start applying whatever selling strategies you have in mind( best option read thread on Jay substainable withdrawal method) and another thign you must have in mind is that planing to hold for 4 years not not your coins or your buys would be matured in that 4 years of accumulation and yeah there is possibility that they have not added in value as much as you want.

IMO anyone thinking about investing little in bitcoin and expecting a huge return is a gambler and he should better fix that mindset and approach, bitcoin is rarely a get rich quick scheme and moreover the plan is to have enough value stored in bitcoin so it is able to provide dividends for you maybe at retirement or to accomplish whatever plan you had in mind when you started investing.

I like your advice about building an emergency fund and maintaining investment continuity. Before reading your post I didn't know that investing can be done by creating an emergency fund. Every investor may have some amount of money left at the end of every month or week even after investing consistently, we use that amount to do something else but not spend that amount unnecessarily if we set aside extra funds for that but never our investment will be irregular. This idea of yours to invest consistently will surely be useful for every investor. If ever I earn more money in a month then I must keep the remaining money for emergency fund.

The personal investment strategy that you are implementing may only be suitable for people who have a lot of patience in carrying it out because I am not sure that other investors will also be able to do something like this until the year you mentioned. Especially if in the middle of the journey there are big benefits that appear before our eyes, which in general will definitely have the feeling to take them and will not just waste them.

So even though the strategy you are talking about looks good, I don't think there will be many people who want to follow it even though currently there are still many investors who want to buy Bitcoin using this method. But we all also don't know how long they will continue to buy like now because all investors definitely have very clear goals in implementing purchases from now on.

Is quite a strategy you have there but don't you think that holding for 2032 seem a little too short because normally holding should be from ten years and above and also one thing we most also understand is that even if you decide to hold for 20 years but doesn't have a good amount of Bitcoin on your portfolio you could end up waiting for the 20 years without any good returns, actually the reason why I brought this issue is that so many people have different mindset and perspective about Bitcoin investment especially the new ones because I over heard a begginner planning to invest a certain small amount of money into Bitcoin with the believe of having a huge return in the future without knowing he could wait for that long without getting a tangible profits at the end.

So actually the only way someone could expect a good return from Bitcoin in the future is that after you have drawn your plan for ten or more years holding you should continue your regular accumulation of Bitcoin, however let's say your targets is achieving $24k in ten years, if your cash flow is enough you could strategize your accumulation in $50 weekly and within ten years you could be surprised to see how far you have gone.

I hope that you have enough Bitcoin in your custody, and you have accumulated up to 60% of your bitcoin target, before thinking of selling next year when bitcoin price is on its peak in the bull run. Because if you have just started accumulating, and you have not hodli up to a circle, then it means that you don't understand what long-term investment is. Selling and buying back is not a good strategy as a way of increasing your bitcoin or to take some profit when you are still accumulating. This is because the market might not display as you expected it, and when you cannot buy back, you will regret your action.

Joy Marshal, why do you want to sell half of your bitcoin, and started DCAing again, it means that you might never reach your bitcoin target, that is if you have a target. This is because instead of you to allow your bitcoin compound profit, continue to compound and giving you bigger profits over the years, you want to be taking it bit by bit, paralysing the compound effect. However, we all have our own decisions to make towards our bitcoin investment, but let us not make mistakes that will make our bitcoin size to be small in future, because the size of profit depends on the size of your bitcoin portfolio.

Every crypto investor has a strategy for their Bitcoin investment. Your strategy is good, although it is different from mine and mine can be different from others, and we are pursuing to arrive at the goal of making future profits from bitcoin investment no matter what our strategy is and how long we hodling bitcoin for.

My strategy is to sell some parts of my bitcoin holding next year and start to apply a DCA strategy to accumulate bitcoin back during the bearish market because it is expected that after the bull run comes a bearish market. That is, after this bull run(2024/2025) what follows is a bearish market.

The truth is, when it comes to investment in bitcoin for long term HODL, there is basically no need for the predictions. What will you use the information of your prediction for? Your concern is how to add more bitcoin to your portfolio and not to fan that ego of being able to predict the price movement using whatever data, it is a total waste of time.

Following the conversation here, I have realized that the best way to go about this is a dual approach that comprise of predominantly DCA and buying with lump sum when the need arises. I mean, just continue to buy using the DCA and when price goes down so much that you feel it is a nice point to get more bitcoin using lump sum, then that can be done while allowing the DCA method to still be running smoothly. With this approach you will not miss any opportunity of getting bitcoin and enjoying sharp rises in price should there be spike as a result of the coming halving and more in the future.

You don't need to check any correlation of any analyst or whatever. You believe bitcoin has the potential of growth and that is all you need. Simply pay attention to buying and securing it and not some analysts that will not even hesitate to spread fear and panic and make you sell your bitcoin premature.

Well said. In general we can't decide how any financial market work, as we only react based on past and present datas which though does not guarantee same future result. Predictions made about the market from analyst should be taken with a pinch of salt, rather than total dependence or believe.

You can only check the correlation of there analysis and yours before you assume or make any decision, the uniqueness of financial market is that; while some are buying others are selling, while you some are anticipating a drop others are anticipating a pump. So the best decision ever is on you and not any analyst, advisors or speculator.

The proven approach in the bitcoin market is applying DCA, and being discipline enough to follow your investment plan in a long term.
The basic goal should be about building a good bitcoin portfolio, buying and accumulating within your range and overtime you enjoy the dividend of it.

Your investment plan is good. You just need to hold on tightly to the Bitcoin until the year you set is reached. What you have to do is keep your feelings in check because this year and next year, there may be big movements that occur.

Bitcoin will get a halving, so there will definitely be movement. In that big movement, most people may be tempted because they see the price as good enough to take advantage of. You have to be able to restrain yourself and not be tempted like them.

Maintaining the DCA method is the way we can invest in Bitcoin. By allocating a certain amount of funds to invest in Bitcoin over a certain period, we can hope to make good profits.

You have created a beautiful road map for investment and also you will maintain your investment consistency with DCA investment method, if you can invest according to your roadmap plan and maintain the investment, this investment will definitely give you good returns. Now the problem is that we can't do it as easily as we plan something or think about something as easily.

As the engineers planned they would build a bridge over a raging river and they planned accordingly. It may take them a day or two to plan, and it may take them a few more days to design according to that plan. Plans and designs may be quick, but as engineers begin to work on those designs, they will encounter challenges from time to time, and those challenges will often require them to change their plans.

Here I have drawn the example of the engineer and the bridge so that you can easily understand that it is as easy to design a bridge as it is to work according to the design.  

If you invest in the plan till 2032, you must take the challenge step by step and maintain your investment by accepting your challenge at each stage of investment. If you are firm in your decision and aim to hold on to your first tranche till age 32 then you can do it but whenever your aim changes you will find it difficult to hold on to the investment. It is now 2024 and your plan is till 2032 you will hold your investment for almost 8 long years. I am going to give you some tips to keep your investment which can be very helpful in keeping your investment.  

Since you will be investing under DCA method for a long period of 8 years, your financial situation may change during these eight years, so you should try to build an emergency fund along with the investments. If you already have an emergency fund, create two more emergency funds so that you can use your emergency fund and maintain your investments if you ever have financial problems. Maybe building an emergency fund will reduce your investment amount from time to time but your investment will be consistent and you will be able to reach your goals.

Forecasting about the market is not so easy, we may think that those who make predictions about the market may not analyze the market much, if we think like this, then our idea is wrong. After doing enough analysis of the market, such comments are made as to how the market may be next or what the next target may be. Nothing can be said for sure about the market, but the analysis of those who analyze the market is completely wrong, but this is not the case. Before the price of Bitcoin touched the highs, I read many articles regarding the price of Bitcoin where many wrote that the Bitcoin market will be very positive in 2024 and Bitcoin may surpass all its past records. In 2023 I read such articles and come 2024 we saw Bitcoin break all its past records and stay at new records. We have to believe in the market, in addition to believing in the market we have to hold the investment we make only then we may get the desired results from the Bitcoin market.

Predictions about Bitcoin may not be very similar to reality but you have to getting work its positive side. Predictions are not always baseless. Experts give their informed opinion from the perspective of the past which is going to be very valuable.Bitcoin price in 2024 repeatedly breaking its ATH record and will break more so you need to pay more attention to holdings. As the halving approaches, prices may experience more volatility. As you continue your regular DCAing. As a result, your basic investment amount will be in a stronger position.

We invest in Bitcoin and many use a variety of strategies. My strategy is that I split the hold into two sections. And the first hold is until the 2028-2032 halving (more likely longer if needed), and my second hold is for every halving bull run. I am thinking of keeping the hold which I have followed the DCA method till the year (2028-2032) of course. This is how I plan my investment strategy according to the road map.

You know no-one can be as good as you in cooking up this hypothetical but we do our best to understand you and it sure passes a lot of message, after reading through all your quote I started seeing what you were trying to explain and I noticed that you tried to keep the senerio equal for each of them, I maybe got a little confused or maybe trying to suggest something outside the context, but anyway I'm good now, I've understood you quite well.

Your very right, not everyone would be able to invest up to 10% of his income into bitcoin for different reasons and some cam be because they feel they need all their income for various other things, so yeah the guys in the hypothetical are already very unique for been able to invest up to that % of their income into any asset at all. IMO I think for anyone to be able to invest in bitcoin is not really a rocket science, everyone just needs to figure out what they can be able to invest into bitcoin and DCA makes it better you can invest at intervals that suite your income, not everyone must go up to 10% weekly and just like guy 1 although he wasn't too aggressive like other guys in the hypothetical he was able to still have a hood value in bitcoin over the years, so if anyone wants to invest we should try not to be too competitive with ourselves because in some way many of us here might have disclosed how much we have or are Currently allocating to bitcoin and end up wearing themselves trying to meet up, so in conclusion your hypothetical passes a lot of message on how we can stay in our own lane and do what we can.

I believe that such predictions like this are more realistic and thank you for modifying my predictions. However, no one knows the closest outcomes as time and time again will pass, when new people will begin to adopt Bitcoin. This will bring about an increase in demand leading to an increase in the price. And then the next bull run will go higher than the previous ATH. We can only assume that due to growing adoption and the decrease of supply due to the halving of the price new ATH will break.

Jay, do you know that there are a lot of people who believe such a price prediction could happen? (above 100k by 2024 and 1M before 2030) . Lots were expecting $100k by the end of the year. Anyway, that's enough price talk. Let's keep the conversation on how we can buy more and hold long-term. There will be much more upside for much less risk. Of course, the price will be higher or lower for years to come. Either way, bitcoin will do what it is known to do the best which is to outperform the market.

I feel like am a time traveler, very optimistic about Bitcoin.

70k pre-halving 2024

85k - 100k after 2024 halving

Maybe a new cycle bear around 45k low and 250kk at the top in 10 10-year journey.

I agree.  That is a lot.. .. and so if we can continue to get the free plans to work that would be preferred.

I think that for now the free plan can take care about what we need.

The plans are quite expensive

https://www.coingecko.com/en/api/pricing

The cheapest one is $ 129 per month.

I think it is more fittable for services different than ours. Maybe exchanges or something like that? Portals?