Topic: Buy the DIP, and HODL! - page 212. (Read 135860 times)

Every DCA strategy and the idea of ​​depositing bitcoins with it is groundbreaking for every period. New investors like to wait for dips but for them the DCA concept is going to be very exciting as it increases the stack of Bitcoins over time and by buying every month or week regardless of the price. You can increase your deposit amount when your floating point amount is high. New investors or depositors should prefer to keep their Bitcoin holdings high on the list as it is on the verge of another ATH touch and may cross $100K within this year. One of the most notable features of the DCA strategy is that it shows the unit price average of Bitcoins over the course of the year by purchasing multiple time periods, which gradually decrease over time and the stack size increases.

I thought the same thing when bitcoin broke to $72k. Let's watch and wait patiently as bitcoin keeps surprising us. I like the idea of changing the name of this thread. Even though we have told newbies not to time the market, they should accumulate bitcoin with the DCA strategy so that they can accumulate bitcoin anytime their money is readily available to be able to have a reasonable quantity of bitcoin in their possession. Some newbies will not listen; they will go ahead and buy the dip. Since there is no buy-the-dip in the new name of this thread, it will also guide newbies not to be concerned with buying the bitcoin dip. Thanks for the new name, @Wind_FURY. 

I don't deny that bitcoin is having a better growth rate than gold, it offers higher returns than gold and that's why most of us choose bitcoin over gold. But did you realize that bitcoin's profits are getting smaller over time? In past bull seasons, bitcoin could increase by 10,000% or more but in recent years bitcoin has only been able to deliver 500%-700% returns and I believe the returns will be even smaller as the capitalization of Bitcoin is getting bigger and bigger. And will you continue to invest in bitcoin 30 years from now if it no longer offers high returns? Because with bitcoin's capitalization increasing, it is inevitable that it will become more and more stable.

So instead of focusing too much on price, we should also consider factors like bitcoin's utility and use cases. In addition to the fact that bitcoin brings better profits than gold, it is clear that bitcoin provides us with many superior utilities than gold such as privacy, ease of storage and transportation...we can even use bitcoin as an investment and use bitcoin for online payments...
I think people who care too much about the price and ignore the use cases, at some point they will leave bitcoin when it becomes stable and no longer gives them great profits.
Of course, profit is what I care about most right now, but I will not ignore the benefits that bitcoin brings and that is why I firmly believe that even when bitcoin becomes more stable, it will still be the better choose than gold.


In 2019, when he was president, Trump declared he was not interested in bitcoin, but 5 years have passed and I hope he has really changed his opinion about bitcoin after learning about it. But I also won't eliminate the suspicion that it's just because he's on the campaign trail and what he wants is more votes. What he is doing is just to get votes from bitcoin investors. So don't be so quick to believe what politicians say and always doubt what they say.

Why comparing shitcoin with bitcoin. Shitcoin has little or no value at all, it stands in for different cryptocurrencies that does not have a clearer purpose for existence, which at normally is base on hype and speculations ,while Bitcoin is a digital money valueable asset  that can be stored and accumulated for a long-term to yield profit, it is a store value that cannot be compared to any. You need to understand their difference so that you will be able to take the right decision,but when confused, feel free to share for a better understanding from those that understands more better.

All of this is because the supply level is limited and also because bitcoin has special features in everything in this modern world. In today world, of course people are getting smarter at turning over money to get lots of benefits. If we had known Bitcoin earlier and had in-depth knowledge, of course we would have become millionaires by now. But we are not too late to do it again, which means now we should be able to take advantage of the time to continue buying bitcoin and not have any thoughts about selling it.

In comparing the price spikes of gold or bitcoin, of course these two assets have quite a big difference because bitcoin has experienced quite a high increase since it was launched by satoshi but gold upward movement is quite slow. So, I also agree with you that in the next 30 years, all people will prefer Bitcoin as their main choice in investing. Just look at Trump, he is someone who understands the progress of the era and now he has received donations in BTC for his campaign funds. Yes, this indicates that the bitcoin era has become the right choice in all fields in the real world, such as politics or so on, that is progress that cannot be stopped. It's better to buy today than to keep postponing, take advantage of the time to keep buying.

The only mistake an investor could think of making while building their investment portfolio is when they try to track or time the dip as you mentioned. All this is not so necessary as you mentioned because it doesn’t give a good profit in return as a 4-10 years or beyond could give an investor, secondly I don’t think a 2 years investment can give a good profit as you mentioned but depends on the kind of investor we’re talking about. The whole idea about DCA is good and an investor can accumulate using DCA throughout their journey like when Frankolala mentioned about using another strategy after 2 years I basically think strategy should not be the problem because people now think of using different kinds of strategy even when it’s not right for example selling everything to accumulate during the dip can be classified as a bad strategy but people still go ahead all in the name of using a different strategy, use the perfect strategy that can work perfectly fine during the long run. In summary what I’m trying to say is when it’s time for the dip you buy and hold you don’t have to wait or sell everything and wait for another dip, just imagine starting another journey all over again and I don’t like the idea of starting afresh.

It appears that @Briankimp1 is visiting this thread discussion for the first time which is why he is using the word cryptocurrency which is a generalization of all altcoins and bitcoin together but in this regard we are focused on bitcoin as a leading cryptocurrency which is reliable for a long term investment for investors, unlike altcoins that are projects not good for investment whether short or long.  But bitcoin is basically profitable in a long term investment that is why the DCA strategy comes in handy in accumulating for the long.

If you are a small size of portfolio or you just started your bitcoin journey, there is no need to thinking of selling, and there is no specific time to buy. You are to buy constantly whether the price of bitcoin is dipping or pumping, in order for you to keep growing your bitcoin portfolio. DCA gives you that chances to buy bitcoin at different price level and that is why a new beginner should use DCA to stack up his bag.

It is when you have reached your bitcoin target and you feel that you have enough Bitcoin, you can sell a little part that will not affect your portfolio size. The best time to sell by then is in the bull run, but from what I have understand, if an investor was able to accumulate bitcoin for 16yrs, if he sells at the dip, he will still be in profit. This is because his average bitcoin price of his portfolio will still be in profit, because the dip price of bitcoin when he wants to sell will be higher than what he bought way back and also the compounding value will make him not to be in loss.

I see what your trying to do. We are so close to achieving a new ATH. I guess your one investor that is anticipating it just like me. However your speculation is quite good but i will disagree with you that we will get t see a new ATH today or tomorrow. I am expecting it by next week. We many be close to the ATH this week, which means Bitcoin needs to do some consolidation before moving to the new ATH and during next week that is when we should be expecting it. Meanwhile this is my own speculation it may be true or not and you may as well be true or not on yours.

Surely i like the new title of the thread. Instead of people contradicting the name Buy the Dip Hold. It make them to wait for the dip and we've been so many argument concerning that point. Buying and Holding is straight forward anyone jumping into the thread can relate because the theme is clear.

You are right and I will like to add by saying Everything that has advantages also has disadvantages, and the truth about anything someone wants to do And that is why we need knowledge to know more about their advantages and disadvantages. As for me, after my research, I think that holding Bitcoin for a long period of time is more advantageous than disadvantageous, and when they talk of holding Bitcoin for a long period of time, I don't think they are suggesting just hodling it for less than four years before halving, which always occurs every four years. I believe when they suggest holding for a long period of time, they are suggesting holding for more than four years so you can witness one more bull run.
 
Assuming you have been holding Bitcoin for over 12 years now, will you be making a good profit or not? Surely you will make a good profit. So when you hear people say hold for a long time, it does not mean years short, like two or three or less. You need to do your research and know the reason why they are saying that. The bull run is among the reasons why people are suggesting that holding Bitcoin for a long period is the best because that is when the price always moves higher.The bitcoin market is unpredictable, and the timing market sometimes will never pay because of the price fluctuating. Are you telling me that when the price is going up, we should buy, and when it comes down, we should always sell? That can even make you continue losing your money. What makes some people think of converting their Bitcoin into USDT is when they are panicking because they invested what they couldn't afford to lose but when you invested what you can afford to lose I don't you be that panicking.

In the future, this could indeed happen, especially as this world will definitely continue to advance into a more modern era. So it is natural that Bitcoin is the asset that many people choose compared to gold. Because investing in bitcoin is much more practical than investing in gold. Apart from that, the advantage of investing in bitcoin is that it also makes it easier for investors to carry assets anywhere, as long as they remember the wallet phrase. This is different from gold which has a physical form, and of course transporting the asset will be much more difficult, if for example the investor moves. Of course, very tight security is needed so that the gold to be transferred can be safe. Although it is true, gold investment can also be done virtually and without carrying it in physical form. But still, it doesn't feel convincing.

Apart from that, gold also has quite slow price growth. This is different from Bitcoin, which experiences quite significant price growth every year. For example, this year Bitcoin reached ATH again. This gives us a clear conclusion that bitcoin has a very rapid price growth. So if, for example, we keep bitcoin for a period of 10-15 years, the profits we get will definitely be many times greater.

So it is natural that 5 or 10 years from now people will change direction from gold to bitcoin in terms of investment.

The discussion about bitcoin and put together with other cryptos can be confusing so when we discuss bitcoin then indeed the focus remains there because after all even though crypto is the initial discussion but in the end we are currently referring to one part in crypto, namely bitcoin and that's it so I think it would be better if it was only bitcoin that we discussed because it doesn't mean we put aside crypto but indeed the discussion will widen to other assets such as altcoins so instead of that happening it would be better if it only focuses on bitcoin.

In addition, I also disagree if this is only used as a short period because after all for some people who are in this discussion now they believe that the period is longer than that and some are even up to 10 years more although at this time I still set for myself is 5 years or more in the investment period that I want to do but in the end there are a lot of people who will invest in a duration of 10 years or even more and that you can see from some of the previous discussions so I disagree if you say being in bitcoin is only for the short term because in my opinion it is not an investment but trading if it is for the short term like that.

Though everyone has there end point target, but that doesn't mean people should just sell off along the line while the goal has not been achieved. That's while investment differs in time Horizon, if a person decide to invest in bitcoin, he may chose an investment package of either a minimum of 5-10years and also a maximum of 20-30years. so if the person who choses a 5-10years investment package sell of his HODLing during 2 or 3 years interval, surely the person has no goal or the person is inpatient. Though if he sell his bitcoin earlier before the predicted time, the reason for selling it may be for a serious issues but I don't see need because before starting the accumulation process it is advice that people should set aside emergency fund and reserved so Incase issues rises it will not affect our bitcoin HODLings. Selling it is surely an act of inpatient or for gambling porpos.

Powerful price action at the present despite the quite small steps it seems to be moving upwards like a vice with pressure to crack the ceiling, be optimistic while we maintain in this area.

  Staying above 71500 is a good build and I want to see it exceed the Tuesday high which is very nearby at 71792.    Then if we continue to build positively it can finally exceed the late May high of 72041 (great big green candle) and go onto new action.

All of this would be welcome rather then repeating the prior range of prices.    73895 way back in March is the eventual hope for a new ATH but its amazing how long it takes to process all the sellers along the way to get back to these prior highs.   Price is back above the 2 day average, stay optimistic while we remain with that momentum.

As am typing Bitcoin is already at price $71 believing that soonest Bitcoin price will get to another ATH, I have really learnt a lot in this particular thread buy the dip and hodl, when I first came across this thread I got confused I never understood what they where really discussing in this thread not until I was reading and studying along what other member here were doing but with the help of JayJuanGee and other notable member here I was able to understand little about how Bitcoin investment works, how one can accumulate more Bitcoin with the DCA strategy and also what one need to do in order to be able to hodl his/her Bitcoin investment for a longer period of time. I think it's a great previlage been in this forum and also coming across this wonderful thread BUY THE DIP AND HODL.

Currently at $71,xxx we might see a new ATH soon just that it always bounces off that zone.
Well said, JJG have contributed greatly and shared useful ideas relating how newbies, new investors can go about building a solid Bitcoin portfolio through buying, accumulating and holding with a long term view. Changing the name as you did already is a good one, for clarification as well as new and old members get to grasp the information in the thread in relation to topic correctly.

lol! This would have been a potential April fool or rather some sort of dark joke but my inquisitive self had to go check up the current price before accepting that you're actually right 😂 and yeah, you're actually right, but if you think he's wrong go check it out at the time this comment was made and you will know that you're also right 😊
yeah! You're still right.

you know that when an average newbie visits the thread and starts off, the word DIP has alwsys been a problem most people have face as it seems to be suggesting that it's best to buy during the DIP and then holding to thier Bitcoin and the end result has always been that they attempt timing the Bitcoin price to look out for a possible DIP to buy at.

I guess with the change of the topic to just Buy and hold although a better version of this change would have been Buy Bitcoin and Hold since it appears that most newbies tend to mix-up buying Bitcoin and hold to almost meaning same as Buying crypto or altcoin and hold. The change is going to put more context to the discussion and help newbies that are learning about the best approach to use in making Bitcoin investments do it the right way and not also engage in this discussion out of context.

For some Bitcoin holders ATH may not give much profit, but they can gain spiritual strength from the ATH. Everyone who is in this community and Holding Bitcoin is waiting for this day,and can take a strong determination in their goals by seeing ATH. Various strategies can work among the holders of Bitcoin to implement their goals, Bitcoin community will remember in the way JayJuanGee has highlighted the importance of holding. I also have a strong desire for Bitcoin Holding. When I failed to hold bitcoin in 2018. I do not want to repeat my mistake in future and want to make myself as a strong holder.

HAPPY NEW BITCOIN ATH DAY!

No, it has not surged to a new ATH yet, but it's going to be today, or perhaps tomorrow?

Plus JayJuanGee, the topic has become yours with the wisdom that you have imparted with plebs and with people who want go learn more about investing like me. Buy the DIP, or DCA are both good as long as the individual HODLs. It's probably better if the topic's title is changed simply to "Buy and HODL!", no?

But at least we can do something so that we can handle those possible risk or any issue that we  may encounter a long the way on our investment with bitcoin. If we sell to early then maybe we are just cutting out our chances to earn more since there are more higher potential that we could able to get more profit if we could just able to let it stay on our wallet then accumulate more for more years. But if there's something more important thing  to use and our emergency funds is not enough to cover it up then I guess there's nothing wrong to sell especially if this could help us to solve our current problems. We can start to accumulate again once everything settled and what important thing is we sell when we are in profit since that still serve the purpose on why we hold.

What's really important to consider by people is they apply all methods they learn here and could able to continue their accumulation at whatever cost since they could still earn in future. There's a lot of chance for people to gain so continue to accumulate and do those helpful methods what mentioned here. But people should know that there's nothing wrong for thinking about selling their profits since its up for the person if they are fine with current profit they get and what's more important is there's still a balance left for holding which they can able to use for next round of their long term journey.