Topic: Buy the DIP, and HODL! - page 222. (Read 109042 times)

Yes, that's right, I think we can already conclude that they are typical investors who want to quickly profit from the results of their accumulation so that they always think about cashing out as soon as possible, or simply when they see a situation that is quite profitable or there is an increase in the amount of their accumulation due to the increase in bitcoin they will not hesitate to immediately decide to cash out, on the other hand I don't know the problem but certainly the reason is that in my opinion they are too worried and don't seem ready to maintain accumulation in the long run, the fear is that they are worried that a bad situation will happen to bitcoin so that when they see an opportunity they don't hesitate to cash out as soon as possible.

On the other hand, yes, basically our intention and purpose of getting involved in investing is to make a profit in any way and one of them is by buying when the price drops and selling when the price is high enough, I think it doesn't matter because it is indeed a method that many investors choose, and also every investor has their own choices regarding the methods and approaches they have to their bitcoin accumulation. So maybe I will not say that the short-term method is wrong, because if for example they are able to maintain and balance the following as well as knowing what to do everything well it is good and will not be a problem, but maybe the difference is in terms of profit is not too maximum between investors who always cash out in the short term and investors who always maintain their bitcoin accumulation in the long term such as 10 - 15 years, the difference in my opinion is because when you choose a short-term method there will be a slight delay in terms of profit while it will not happen when you always choose to maintain and have a long-term approach.

You sound so much like a short term trader because all you just described are characteristics of traders. With long term holding of Bitcoin, the only time you incur loses is when you sell. If you hold for long, you will definitely make profit. The problem with  people who sell at loss is that they invest money they can not afford to set aside for long. When you put in money meant for other pressing needs into Bitcoin, there is no way you will not get agitated and panic sell when the profit is not forthcoming, this is the problem with traders.

Unlike the traders and short term investors, buy the dip require that you buy and hold for long. To do this, you must first set aside part of your income for your basic needs and another part for emergency that might arise which you did not capture in your investment planning. After these have been put in place, you can then invest from the balance and you will not be under any pressure to sell when the market is going downward instead of rising.

And we must not also forget that one of the easiest means in acquiring bitcoin for hodl is to use the pattern of DCA in other to enable us afford making an investment as according to our affordability and it also serves as a means of reducing the cost on loss each time the market may be highly volatile and we have more bear market.


Holding for a long time doesn't have much risk than it profits the investors who are holding, especially when your holding crossed a particular circle and if you have the ability of holding when you buy the dip and wait till the next halving, you will definitely experience bullrun and that alone is the most profitable target by many long time investors.

Does taking profit after holding for long in other to buy back when the price dips a great idea? Yes, it is. But right now, it is not advisable since bitcoin has the potential to go higher than this of which it is speculated that we are entering fully into the bull run. Imagine making a sell order at 64k, selling 20% of your BTC accumulation, and then you sit and wait for either 32k or below that. Only God knows how long it will take for Bitcoin to dip to that price.

I would always say that if you are selling let it be that you are selling for a good reason. People are out there selling at various prices this week because the price is rising significantly so they think that it is the right moment for them to sell off their investment and that someday the price will drop soon to buy more. It's just like dropping down from a vehicle and expect to run ahead of the vehicle for a cheaper cost. Let there be a reason for selling and make sure you have accumulated enough that if you sell some percentage, you know you still a lot in your bag.

The random selling of bitcoin for the sole of buying back when the price dips has left so many persons behind.

It is extremely difficult to time this market, the price fluctuations and uncertain movement would be a hindrance if someone tries to sell off to buy the dip. Just hodl and accumulate more now is the only solution to success, unless your target from the beginning was to invest and sell off when the time is right to pay for tuition fees or start good business. At least the target was to reduce financial burden, stress and enhance your life.

Many senior and respected Parsons given their valuable opinions, But I found a essence of everyone in one line of your opinions. Initially approved and I wait for final approval from my boss. I think Longtime Investments like 4-10 years is very profitable for every business and if is there is Bitcoin, others are useless. Large investors like my boss may not prefer DCA strategy for those "HOLD" can be the best.

that trading sounded off-topic, if am not mistaken here we don't actually use DCA for trading bitcoin and all that, we actually use it to accumulate more quantities of bitcoin to our portfolio. Which enables use to buy or purchase bitcoin at different price interval either when it's low or high. And we also have others good strategies for accumulating bitcoin like lumsump (going all in at once during a dip ) just as Tmoonz said.
  you sounded like someone that do engaged with shitcoins too much, if you are such do so in minimising such urge, when come to investing in bitcoin (not shitcoins) you don't have to bother yourself with if the price would rise and all that . Because bitcoin as already proven it self to be one of the best investment (and it is the definition of long-term investment). So if you have not Started to stash some of quantity of this epic coin (bitcoin) then I would advise you do so by using any suitable strategies to do so, but now I would encourage you use DCA strategy because of the recent increase in price of bitcoin. And yeah  DCA doesn't guarantee 100% but also help you in buying at different price interval which would also help in minimising Risk.

exactly so if you don't want to start using your funds to gamble, better start focusing more on bitcoin and how to to hold it for long... Though there are still risk in investing ( especially investimg in wrong project and bitcoin ain't such)  but is still better than using your funds to gamble. Once you set your mind for holdl you would see the growth in your portfolio as time goes on.

 Mate, is very much obvious that you are new . However, I will advise you read and understand the concepts of the thread so you could contribute  better. The concepts of this thread buy the dip and hodl is based upon various strategies of accumulating Bitcoin for long term investment plan, we have talked about the dca strategy where you can make purchases at different intervals over a period of time and the lump sump buy that is buying in bulk where the dip is seen as an added advantage for a no coiner to accumulate Bitcoin and a low  coiner to accumulate more Bitcoin in to his portfolio after taking care of your personal needs and building up your emergency, reserved and float funds to enable you not sell your investment too soon to solve your personal problem that is when hodl takes it cause. It is a Bitcoin discussion thread and not some fucking trading strategies and crypto market, rather Bitcoin long term investment plan of about 5 to 10 years or more is what is being prioritize and discuss here. You can talk about trading in trading discussion board.




Well what I could say is that  a no coiner should have nothing to do with selling his Bitcoin investment at seeing a profit but however, for an investor who has reached the fuck you status at that point I don't see anything wrong in taking profits he can sell a little stash to fixed his house in order and have the enough energy and peace of mind to grow his asset.

This method buy the DIP and HODL is one of the most trading strategies or tactics in the Bitcoin and crypto market or in the investment cycle. This is when most investor like acquring coin having the believe that the price will some day go high, same also in most cases when you think the price will go high but eventually it starts deprecating in value.
Also this method doesn't guarantee 100% profit believing that since the price is low at when is been aquire it will definitely hit at ATH, so in such case as an investor one also need to have two things in mind which is either gain or loss unless you wish to HODL for a longer period of time.

People doing that is not really for long term since if they aim to hodl they would never think about selling their bitcoin when they see a pump and think about buying again when the price dump. The person who doing that are traders and I guess there's really a high risk for them to lose their money if they repeatedly doing this schemes. And won't recommend this to newbies especially if they don't know what to do next and much really better to anyone if they just hold their bitcoin and aim for long term since this will give them more decent result, also for that they would not get affected on any FOMO circulating around.

It depends on the goal the person had previously set out to achieve in his investment and the strategy he  his working with. For someone that had been holding for a long time and had a lump sum of Bitcoin within that period that places him on a good profit, it's not wrong if he chooses to sell part of his holding and maybe reinvest it when the Bitcoin price dumps. For some, it's even a strategy that works well for them and it enables them to effectively HOLD for longer periods of time. It's only bad when you're just starting your investment journey and you're yet to accumulate a reasonable amount and because of a sudden pump in price, you feel its the right time to start selling.

As long as you know what you're doing and you're matured enough to stick with the right strategy that's working for you, continuous holding or choosing to  sell when the need arise and buying at your convenience  is totally up to you and as long as it's working for you then you're on the right track. The whole essence of accumulating using the DCA method or or buying in lump are all strategies that had been used and is still being used and proven to have help in the course of effective Bitcoin accumulation that will be profitable and whatever method you choose to stick with at the end of the day, as long as it gives you the peace of mind to accumilate at your own pace, just stick with it.

To start accumulating bitcoin don't required much knowledge, when you get the basic you good to go,  but still aslong you have started your bitcoin investment. Try and gather proper  knowledge (not talking about technical part) on how bitcoin and bitcoin investment works. Due to lack of such knowledge that why an average person may take any dip in market as an disadvantage to them, seeing theur  bitcoin value In Their portfolio dropped as market experience Dip.
While an investor with proper understanding on how bitcoin and bitcoin investment works, would take any dip as an opportunity to buy the dip in order to increase their portfolio knowing the price would lateron rise back . So there's no need to have any fear or panic when investing in bitcoin expecially when you are long-term holders.

exactly you investing in bitcoin as already ensure you a brighter future, there where alot of people back then that their financial status was not encouraging, but they grab all the chances they got to have some good quantity of bitcoin during the time bitcoin price was still low. And they kept  holding till now , but now their lives won't remains the same because of the opportunity they grabbed back then in investing in Bitcoin.

Edited:

Well I get what you trying to say , yeah taking profit from your investment depend on the number of Bitcoin you have accumulated, before thinking of Taking some profit from your investment. someone that haven't gotten far with his investment, having the habit of always taking profit from his investment  with the mindset that he or she would replace it during any dip, won't be a wise move towards your investment because is not all the time you would have the chance to replace that profit you have taken from your investment. Which may endup reducing the quantity of bitcoin in your portfolio even when thinking of replacing it when the price is high.  Because buying when the price is high due to FOMO would only give you a lesser quantity compare to the profit you took from when the price was low . So I don't see any reason why those that haven't gotten much quantity for themselves to think of removing some profit from their investment, there's reason why they keep saying, always have an emergency funds and to always invest funds you could hold for long without thinking of tampering with your investment, what one should be thinking of now is how to stash some Good quantity of bitcoin in their portfolio, When hodl.

Anyone taking profit from his bitcoin investment with the idea of buying back when the bitcoin price dumps is taking a great risk because that person will not be patient enough to wait for the bitcoin price to dump so that he or she can buy back his bitcoin because the bitcoin price keeps going high. FOMO will make that person buy back his bitcoin, even with the profit the person took from his bitcoin investment, just to be among those who are holding bitcoin in case bitcoin does the unbelievable. The person will be buying back less of the quantity of bitcoin he or she sold out because of the high price of bitcoin. 

There's time for that investment but people should not put their focus on shit coins since there's a lot of chance that they lose their money their instead of gaining since usually we know it will just end up as scam.

Much better for them if they put all their efforts to accumulate and hold bitcoin since we all know that future is good and there's more chance for them to earn. Perfect example is current happening with bitcoin since if they bough their balances on past few years where the price is so affordable for them to grab. For sure at the moment they are at bullish condition and can able to decide if they can sell or continue to hodl then wait for more months or years.

This is exactly what I was discussing with one of my good friends few days ago I was trying to educate them the little I know about crypto currencies but my major concern was telling them about bitcoin one of them asked me exactly this question "what if the bitcoin start going downhill hope it is advisable for them to withdraw immediately?"....

Now here my answer comes in I told them that once tlyou investment in bitcoin and you startes making progress and profit and at a long run bitcoin now have a downtrend I told them not to panic or shiver because this is part of market that businesses goes up and down sometimes you don't have to panic in any way only to do is to relax don't be quick in withdrawal because that's where the knowledge of an investor is properly harnessed there's even a high tendency for you to make a huge profit after the downtrend unlike the once you have been making already even you withdrew during the downtrend without exercise patience you will definitely have a big loss because the dip loss reduction even your previously made profit and also the loss might dip into your capital if time is not taken and then when you make the withdrawal you have loss already.......

That is why it necessary for you to wait and seek for advice and also before you start bitcoin investment try to be knowledgeable about it aloa have a few good friends/mentor who will keep guiding all through your investment believe me if you can have patience within that period of downtrend there will definitely benefit which will come from the uptrend......

    I hope you all read to understand my humble opinion thanks 🙏👍

This is where knowledge and experience play a great role. An average person who's just all about seeing that his investment yields profit would normally tense up whenever he sees anything that looks like a loss even though it's a temporary downside. For someone that's already in the market, they already know that volatility is an integral nature of bitcoin and regardless of the trend of the volatility, you can actually use it to your advantage.

While some people get tensed up during the bearish period with regards to their investment not yielding profit momentarily, it's actually the best season for others as they normally use that period for major accumulation and building of their portfolio. As an investor, it's necessary not to panic at all whenever the market is at the DIP  rather, it should be the period to buy more so during  the bullish season, you don't necessarily need to stay long in the market before having your desired profit.

My suggestion of a thousand dollar or few thousand dollar investment per week by his boss is based on the peculiarity of his case. From what he said, his boss was reluctant to invest in Bitcoin for reasons best known to him, hence my reason for suggesting he start with less than 1% of his capital. Overtime this will show him the beauty of building a Bitcoin portfolio with insignificant amount of money that could amount to something significant as time progresses. When he fully grasp what Bitcoin is and the opportunity it represent, he can then up the numbers out of personal conviction.

You are right and I see a lot of sense in what you said. As a business owner, he may not be that liquid as his funds are tied to the business. I think this also is in agreement with my suggestion of him starting with very little amount until he can own the investment process in Bitcoin, from there he can better plan his financial allocations in the future. My major concern is coming from the angle of him having his personal conviction rather than relying on recommendations of his employee.

It seems that many people are not even aware that Bitcoin created a new all time high this month. It surprises me a lot because this is not the first time I am seeing a comment suggesting that some people are not aware of it. Maybe they are expecting it after the halving.

Yes.  BTC prices can go in either direction, so it is good to have a 4-10 year timeline or longer for any investing into bitcoin that you do.


The same is true in 2015 and 2016 (the year of your forum registration)  Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016... as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.


Usually any newbies could start out by considering anywhere between 5% and 25% as their target investment allocation to bitcoin, even though it could take a year or two to reach their target level of allocation, depending on how they go about it, even though right now it does not seem a good practice to spread out allocations timeline too far in the future, but those are matters of personal discretion.

By the way, some folks with millions of dollars of assets, might not be very liquid, so it could still take time to reallocate and to dedicate whatever might be his quasi-liquid investment portfolio into bitcoin, and sometimes business owners want to (or need to) stay a bit more liquid than some other folks.. depending on the nature of their business.


You must have your references incorrect, since we have already reached an ATH. 

I posted the below in this thread yesterday.

Although I try to discourage newbies/plebs like me from making the same mistake that I made before 2019, I believe it's debatable and it depends on your ability, knowledge, and absolute luck. Plus plebs should be sure that they're "trading" to outperform Bitcoin - and HODL their profits in Bitcoin - which is very VERY difficult to do.


There will be many "traders" who will have less units in Bitcoin than those who merely HODLed since 2023.

You are actually not afraid of Bitcoin investment because you now have an average knowledge of what Bitcoin investment is all about but have you considered the time when you were new into Bitcoin? Did you made an affirmative statement like this? So anyone who is new into Bitcoin investment would have this fear because they haven't gotten the adequate knowledge required to guide them and also enable them to invest without fear of how the market may turn out. Like for instance, most people invest on Bitcoin because they believe that the price would go higher, so in a situation where the price begins to dip instead of climbing high you see such investors panicking and wanting to sell their coins because they are afraid that the price may dip further of which their intentions of making that investment have been conquered but an investor who understands how the markets works wouldn't panic in times of dip because he knows too well that the price would come up again so you can now differentiate the reasons why some persons are afraid of investing in Bitcoin while some others are not scared at all because they have more experience.

Another factor that causes fear of investing is because, some persons must have been into wrong investment strategy in the past so they want to see results from others before they can be so sure about venturing into bitcoin investment because the success of others would now stand as a yardstick to them during their investment processes.

It's a waste of time and money to invest in shitcoin. But probably many of us had an experienced investing in this kind of coin when we're just starting. Because of our greed to profit and just going with the flow on what's the current trend. But what matter is, we learned from the past experiences and we became aware of what coins are worthy to hold.

Anyway, Bitcoin is already soaring high. I bet many of us here bought during bearish season (as i'm one of them). This is a slap for investors who have doubt before, but now eager to invest because they already want to join the ride and don't want to miss the opportunity.