Topic: Buy the DIP, and HODL! - page 215. (Read 140460 times)

The original title was "Buy EVERY DIP, and HODL". That was during 2019 when it was absolutely obvious that it was safe to buy all DIPs with everything that you had - leave just enough money in the bank account for bill payments of course. I changed it to "Buy the DIP, and HODL" - because DIPs were not the 2019 DIPs, then to simply "Buy Bitcoin, and HODL" because I was convinced by you, and other posters, that DCA is a good buying strategy to have mixed in with buy the DIP.

Plus it's merely a title, it's not that important compared to the things we learn from each other in the topic.

Of course, no one is really going to know what BTC price dynamics are going to be into the future, but if we look at the context of the BTC price when this thread had been started, we will see that there was almost a whole year of downward BTC price movements (in the whole of 2018), yet starting in the beginning of April 2019, the BTC price had moved up a lot, and actually the BTC price ended up moving up for three months from April to June in a pretty BIG move from $4,200 to $13,880.. so the thread was started during a very interesting time in bitcoin's history.

We can have a lot of differing views about our own bitcoin accumulation strategies and/or how we think about bitcoin, yet some of these ways of thinking will also change with the passage of time, so yeah, we are never going to go back to the earlier times of this thread, so my own personal consideration that there should be no reason to change the name (title) of the thread).. because the time has already passed and if the thread is no longer applicable and/or interesting with its original topic, then the thread might be due to retire.... even though it seems buy the dip and hodl is a kind of evergreen theme.. even if DCA is also another (and perhaps superior) variation.. but it does not matter, since the ideas can still be batted around, and in this thread, we will likely continue to talk about buying the dip and hodl and also lump sum versus DCA.. as long as members are continuing to participate in the thread.

I think your reference works mostly outside crypto cause there's more to Bitcoin investment and sometimes it's not necessary to wait investment for years provided your investment has yield 2 or 3 times your capital. Sometimes the people we see as the major investor are mostly the people that do mess up at times because of the quantity of investment they are into and remember the bigger the investor the bigger the ability of making choices and the bigger the confusion. Lastly, Bitcoin investment is different from any other investment both in crypto and outside  crypto, the most important thing is knowing how to invest and hold it for as long you wishes to..., No stress, you don't have to carry out any activity before it will give you profit unlike other business where one will have to work all day and be re-strategizing just to keep the fire burning.

It would have been more better the topic is lift the way it was, the dip was something that needs it's part in this topic because it brings forth a lot of strategy of Bitcoin accumulation it was through this thread a lot of people decided to use the different strategy they are using in there Bitcoin accumulation journey.
The former topic was much better for newbies in this forum to locate a thread that can give them more knowledge about the strategy that will be good for them and I believe this thread is the best for that job but changing the name makes it now a one side discussion.
My opinion.

I was so surprised when I saw that the topic has been changed to "buy Bitcoin and hold" instead of the previous "buy the DIP and HODL" because inasmuch as Bitcoin continue to exist it is expected that the price will keep on soaring high and at some time it will also DIP which means someone that buys Bitcoin now still buys at a Dip if we consider what the price would be in 10 years time. Okay how about last five years that the price of Bitcoin in April 2019 when this thread was created was around $5000 so you can agree that someone who bought bitcoin then did bought at a dip price if we look at the price today so that is still the same thing that we are likely to experience in the future so as the price of Bitcoin keeps creating new ATH that is how previous buyers will continue to buy at a dip price and it continues inasmuch as the factors that leads to the pump in price of Bitcoin continue to exist, we are still buying at a dip even for an investor who is only practicing the DCA method.

No one actually knows how long a dip can reach and even though most investors who must have missed out on a previous dip still continues to expect another dip but it is never a good strategy to always expect a dip because they may end up not buying or better still exhaust the money they would have used in buying instead of waiting for a dip. Now, even though a dip is happening now but there will probably still be investors that will even wait to see more further DIP before they can buy and before you know the price can start skyrocketting again and they will still feel it will DIP again when it can't return back to that original dip level again so for a beginner the DCA is good strategy then if DIPs like this happen they can also buy more with reserved funds and continue DCAING.

A moment to those of us that use the DCA strategy, and a bigger opportunity to purchase more quantity at the same amount!. Cheers 

True dat.  Me too.

It seems to me that there was no reason to change the title of a thread like this that had been running for more than 5 years and had "buy the dip in the title" from the start.

I personally believe that "buy the dip" is not as good of a technique as DCA (especially for beginners), but buy the dip is still both a valid talking point, a valid practice, it can be especially employed during situations of lump sum buying and front-loading of an investment, and buy the dip is something that a lot of those in their BTC accumulating stages will weigh and question what they should be doing and whether or not to wait for dips before buying.. and in the last two weeks, there surely has been some decently sized dips that could be taken advantage of.. even though none of us are really going to know how deep the dips are going to go or how long the dips are going to end up lasting.


Mere changes in the BTC price direction does not change bitcoin from being in a bullish to a bearish cycle, and we are not going to know exactly when the market might convert from bullish to bearish.. and then same is the change from bearish to bullish... .. even though so far bitcoin has tended to have 4 year cycles.. so even now when we are in a correction, we are likely still in a bull market.. but we likely are not going to know for sure until several months down the road.

'

Surely long term holders will continue to hold during correction periods and sometimes buy some more, but if their stash is decently large, they might ONLY HODL.. and they might need the correction to get to a certain level of extreme before they will justify (authorize) themselves to buy more.

If an investor is able to have a good knowledge of Bitcoin then he will never trade Bitcoin for short term. Because they know that Bitcoin will go through bearish and bullish cycles. If Bitcoin loses a lot of its value for some reason, they will still hold their emotions. Because they know that after a period of time bitcoin will be able to regain its position. Those investors in Bitcoin investment lose their wealth who fail to hold their emotions who get busy selling Bitcoin on a slight decline. While Bitcoin's temporary decline may seem like a disappointment to some and some others are holding at that moment.

still struggling with topic name change, still feels wrong

The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.

 ¯\_(ツ)_/¯

If in doubt, then always zoom out. Sit on your hands/don't panic.

that is right, investors who understand how to properly invest in bitcoin make decisions based on the potential price of bitcoin in the future. they do not really mind the bearish market, because the people who mind it are only those who trade bitcoin in the short term. while people who focus on long-term investment prefer to accumulate more bitcoins when the market is bearish by using their spare money because they understand that the price of bitcoin will increase and they are not too bothered about how they should sell their assets since they prefer to prepare for the next price increase by accumulating more bitcoins in their wallet.

Collecting more Bitcoin has always been the core point of every work we have done so far because when it comes to selling it, everyone only needs to think about it once, namely when the price is expensive and not selling at a low price or lower than the purchase price. So it won't be too complicated to think about so each of us just needs to try harder in more complicated sectors because sectors like collecting more Bitcoins require focus and a high level of consistency because when everyone starts to collect Bitcoins of course they always need the capital.

Your post is for people who are in bitcoin for short-term profit, and I think it isn't right to use such words on this thread before you mislead or stop some newbies from starting their bitcoin. Investing in bitcoin for the long term will prevent you from facing these challenges because you will not need to analyze the price of bitcoin before you can accumulate it, and you don't need to know if there is any news that will influence the price of bitcoin after you have bought bitcoin. If you see bitcoin as a long-term investment, invest what you can do without for the long term, and make available emergency funds, reserve funds, and floats, you will achieve success from your bitcoin investment because you have funds that will help solve your unforeseen problems, and you will not depend on your bitcoin investment to survive.

Bitcoin is a top project in the market, every possible newbie knows about Bitcoin and they've also made several attempts to generates profits, some become profitable while some don't. The market comes with different measures, we should be prepared at all time and make sure we're having a smooth run in the space, however the market will go against our decisions and plans most time, it doesn't call for frighten mindset. We have nothing to worry about because making mistakes is inevitable and having a clueless strategy will not also help.

Success in the market is top priority and we have to keep pushing. Investors can either make enormous profits or huge losses in the space, we should keep grinding and having promising positive mindset towards our goals. Secondly Our investment can either be jeopardized if placed on inappropriate projects, that's the particular spot our losses start paving in. We have everything within our reach but everything will become suitable.

Every investor must build his or her emotions strong enough to understand the dynamics of the market, understand your risk tolerance level, even though Bitcoin investment is not even as risky as most people claims, invest with an amount that will not be seen as a burden, alot of people have ever regretted not investing in Bitcoin at it's earliest days seeing that Bitcoin has made a tremendous increase in value and wider spread adoption while others took advantage of it and enjoyed it benefits. However, some people are yet to see the true potential that Bitcoin holds and hence procrastinates investing in Bitcoin but yeah Bitcoin investment is not for everybody and can never be where some people will continuously be in doubt and others will keep taking advantage of it, that is the real life taken advantage of others ignorant. I will say that there is no such word or term like monitoring the market in Bitcoin long term investment dictionary rather the best word to use should be checking the market condition to keep you informed which I don't see anything wrong with it thou too much of it can become problematic, those that prioritized monitoring the market condition are the traders with the aims of maximizing profits within the shortest time frame and they are the ones that panic when the market is dumping while  the long term investors takes advantage of it by buying more Bitcoin at a price low than it's previous highs.

Well said, if you understood what I was pointing out, I was talking about the necessity of accumulating more and not just hodling for a longer period especially when one has the capacity to do so, there is always a room to accumulate more, I never talked about selling off neither my point relate to it in any form, Thanks for your view and more information on it but investor should always understand the need for not stopping or lagging behind while accumulating Bitcoin, because for a bigger or lesser return is relative to stash of Bitcoin already in hodlings.

Yes, the wisest step in using bitcoin is to HODL for a long period of time. Because that way the money invested will increase or produce more profits. However, it is true, investing in Bitcoin for a long period of time does require several factors that can make the investment run smoothly. One factor, as @Lidger say, is not monitoring the market very often. There is some truth to this factor, because the more often we monitor the market, the more our psychology will be eroded and will give rise to feelings of anxiety that make us doubt market price movements and tend to be afraid of losses (because Bitcoin prices are falling).

However, this factor is actually only dangerous for beginners (who haven't learned much about Bitcoin prices and their cycles). Because bitcoin investors who already understand the entire bitcoin price cycle will certainly not feel panic or fear if they frequently monitor the market. Because they already know that the price of bitcoin will definitely continue to rise as time goes by. For this reason, knowledge must be prioritized when investing in Bitcoin, so as not to be fooled by falling prices.

Then the next factor that is very important for us to apply when investing in Bitcoin in the long term is capital or cold money. Believe it or not, this factor is the most crucial factor that can derail a long-term investment in bitcoin. Because if we don't invest using cold money, and only use hot money, then it is certain that the money will most likely be used. So even though the money has been purchased into bitcoin, when an urgent situation comes, and there is no more money other than the money invested in bitcoin, it is certain that the bitcoin will be resold to cover the urgent need. That's why I say that this factor is the most crucial factor that can thwart long-term bitcoin investment.
So in essence, when investing in bitcoin, you have to use really cold money, because it will certainly feel smoother in HODLing the bitcoin.

I think these factors are the most dominant or the most important ones that must be paid attention to first when investing long term in Bitcoin.

Since I started my Bitcoin accumulation journey I decided to use the DCA strategy and that has been what I have been using I don't think I will change to another strategy of accumulation, when there's a dip all I will do is to use my reserve funds to buy as much as I can and still continue with my DCA strategy I don't care about the price of Bitcoin and it won't destruct my accumulation a lot of newbies like me always watch the price of Bitcoin and the price determines how many percent they will invest, some will even stop there accumulation when there's a dip, and some are patiently waiting for a dip to happen before they can start accumulating, all this strategy will destruct your accumulation and at the end of the day you find your self not accumulating anything.

You said after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements, this is very true a friend of mine started accumulating Bitcoin a long time ago but now he has reduced his accumulation rate and he has started venturing into other investment, this may be good but for me I will continue the rate of my accumulation, Bitcoin is a very nice investment and reducing the rate or stop accumulating is not a good idea a lot of people thinks is better to venture into other investment and that is why they reduced there rate or stopped accumulating Bitcoin and later regret there action I heard a story were a man in my town stopped his Bitcoin accumulation journey because he feels he has accumulated enough he was only holding and he ventured into other investment and it didn't work out well for him and he even ended up selling some of his Bitcoin in other to solve some problems he encountered along the line of his other investment and he regretted deeply why he stopped his Bitcoin accumulation.
For me I don't have a particular amount of Bitcoin I'm targeting to accumulate I will accumulate as much as I can and keep hodling, reasoning being that i see Bitcoin as my life time investment our mindset determines how action.




Your continuation of Bitcoin investment or your level of accumulation after some years of accumulation is determined by how you see Bitcoin investment some people don't see Bitcoin investment as a life time investment they feel Bitcoin will crash one day why some see it as a life time investment, those that don't see it as a lifetime investment are those that reduce there rate of investment after some years of accumulation or even stop accumulating why those that sees it as a long time investment keeps accumulating and some even become more aggressive after making there emergency, reserves and float funds very strong.
Like the story I said above were a man stopped his Bitcoin accumulation because he feels he has accumulated enough and then ventured into other investment and it didn't go down well with him he even had to sell some of his Bitcoin to settle some issues he encountered along the road of his other investment.
You are very correct when you said some will likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.
So it is always advised to keep your level of accumulation or even become more aggressive in your Bitcoin accumulation journey.

I don't actually understand the message you are trying to convey, however is very unfortunate that as potential as Bitcoin and the amount of possible return you could get from it in the future after holding but instead you choose trading because of the profit you perceive to get, well I don't really no what you guys understand about Bitcoin investment because if you do you wouldn't have actually consider trading as an option for Bitcoin investment, perhaps this is one of the reasons why people always ask the question why did most people succeed on there Bitcoin investment and others failed to succeed of course this is actually one of the reasons why most people failed to succeed because there interest is on the easy way to make profits, so that explains why people go into Bitcoin investment and got overwhelmed on how they will make a lot if money and at the end they lose everything while others will be very patient enough to accumulate and hold disregarding anything that would hamper there holding process and after years they began to eat there fruit of labour, so my advice for you is that to succeed in Bitcoin investment you have to remove the psychology of trading in you mind because the only way to achieve the success you want is only holding.


You are actually the only one who is seeing it that way because in Bitcoin investment there is no limits to what you can achieve if you are dedicated and consistent, however what you failed to understand is that those people who have been successful and achieved a lot are people who work hard by holding for a very long time and of course you could also have similar achievement if you comit yourself to it by holding.

The length at which we hold our investment doesn't necessarily mean that we will see profit. Nothing is guaranteed in the space of bitcoin investment, it has been said many times here that past performance doesn't guarantee Future performance, but it is important for us to invest so that so that we don't miss out of any potential future performance. We invest and hold with the hope that things will turn out positively for us and we will see profit, but it is not a certainty. I want you to understand this, so that when you are talking to people who come to you for counciling about bitcoin investment, don't give them the hope that if they can hold bitcoin for long that they will see profit. Just tell them they should invest and hold, if it turns out positively fine, but if it doesn't turn out positively it's also fine, but the most important thing is for them to invest.

I don't agree with you that the more we talk about our investment the more possibility it is to sell it. Investment is about mindset and once you have made up your mind to invest and hodl, or you have made up your mind not to be a paper hand, no matter how many times you talk about the investment, you won't be tempted to sell it. For instance we are always talking about buy bitcoin and hold in this thread every day, so are you telling me that you are always tempted to sell your bitcoin?