Topic: Buy the DIP, and HODL! - page 23. (Read 121626 times)

I read my own post as more bullish than yours.

Or at least less bearish.

Think about it.

You are saying $65k might not happen "for a while," and I am saying that $65k "might never happen again."

My statement is more bullish than yours..    nanu nanu.

Seems to me that you've been accumulating Bitcoin with your emergency funding and although I can't reprimand you for buying Bitcoin, but I think it's the wrong practice.
Your accumulation of Bitcoin is not an emergency, it should be a structured activity, so stop treating it as an emergency by funding it with your emergency funds. Bitcoin should be bought with your discretionary income and your emergency fund should be kept as a backup in event of unforseen circumstances so you don't prey on your holding.

On the bold text I think many people misunderstood your point there and I don't blame them because your grammatical construction betrays your point. I also understand you were expecting some cash flow in two days, so you should wait for such days if that is when you have discretionary income available instead of preying on your emergency funds. Having ready emergency funds is an undeniable part of your accumulation journey if you wish to go for a long term(4-10 years or even more).
I also think you should continue to grow your emergency funds alongside your accumulation of Bitcoin because it's very necessary you have it built up for the continuous safety of your holdings, so you don't turn to it in times of trouble and worse of it all, you sell at a loss.

I don't think it is possible that Bitcoin experiences a cycle without dips, it has been a regular occurrence. While it's not a good practice to wait explicitly for the dip to accumulate Bitcoin, it's not a bad idea to be assembling funds separately to take advantage of it when it presents itself while still maintaining your DCA accumulation process.

Sounds bullish dude in terms of your words. Today i want to know if you have that potentially bearish period back. I am surprised when someone says that the market will be bearish with certainty.
Why do people forget that the price of Bitcoin fluctuates constantly? With the market trending slightly lower, you would have guessed that a dip might be coming.

But that thought has already changed as you enter the market today and see Bitcoin price touch $68,000 (Bitcoin price rose to $68,850 in the last 24 hours). Those who waited for the dip period to buy bitcoins, I would say again are complete fools because the market price of bitcoins has gone up a lot in just one day. So instead of foolishly waiting for bearish seasons, get ready to buy immediately, Even grow your investment portfolio by buying Bitcoins regularly.

We are expecting a new ATH when the bull run is at its peak which most investors believes that it might be Q1 of next year since the price of bitcoin is 68k+, so whether the election takes place or not, bitcoin price will create a new ATH by next year when the bull run is at its peak. It is just that they must be an event to fuel the price which I think that the election will be one of those event. However, we might be wrong on what we think and one should not expect too much that the election is what will skyrocket the price of bitcoin so that if it doesn't play out like that, you will not be disappointed.

Are you saying that you haven't started investing in bitcoin, if so what have you being doing or what are you waiting for when new investors are using this opportunity to invest in bitcoin now that the price is cheap. What if bitcoin price gets very high in the next few years that you plan to start your bitcoin journey. You should know that it is not compulsory for you to buy one full bitcoin but you can buy in fractions. It is better that you figure out how to get started with some amount of money from you discretionary income that will enable you buy every week continuously with DCA for 4-10 years and above so that you can build and grow your bitcoin investment for the future.

I hope that you are not those type of no coiners that are waiting to start their investment journey in the bear season because if so, you are wasting the time that you are supposed to use to take advantage of the market and accumulate more bitcoin. I hope you will not be like those people that will sit on the fence in regret watching other people making profits from their bitcoin investment in future. Bitcoin price and time waits for no one.

From what I have seen, nobody is hating on him; you just fail to understand the reason why people quote him. It is not about him missing buying the dip because even most people here also fail to buy the dip. People are just concerned he might use his emergency funds to buy bitcoin one day, which will make him look like he is investing aggressively and also overdoing it, which might get him off the game, partially or permanently. People are just letting him know that emergency funds are not meant for buying the dips and also for him to know the right things to use his emergency funds on so that he will not end up using his emergency funds to buy the dip.

Yes I am interested enough to hold my investment, it will be my investment as opposed to keeping money in the bank. Because I see everyone keeps money in the bank but it's risky the owner of it is determined by a third party, but the bitcoin I hold I own my own wealth. 
This is one reason I am faithful and will keep it for long, and I have seen the past history by looking at the posts of senior brothers like 2013 2014 2015 investors who have invested around here have made huge profits today.

 So it is that I will continue this investment for years to come, like all the people in my country who keep money in the bank unlike me. So against them I started investing bitcoins and I am following DCA method according to rules. So by using both the honest advice of senior brothers and my willpower, I turned the power of patience into more patience.

Remember this and it's true investing requires patience most of all, if you have less patience you won't be able to sustain your investment. So keep calm and keep busy investing regularly, current time investment is likely to benefit you the most. Because Bitcoin is heading for a peak in 2025, and this current month is always a month for Bitcoin price to improve. 
In this case it is most important to follow the DCA method because even if you invest when the price of Bitcoin is on the rise, your investment will be right because by following the survival strategy your investment will be long-term and it is possible to experience huge profits later. This is why risk tolerance and patience are key strengths of these two investments.

I have come to understand that rank its just a flag in the forum. The level of knowledge on Bitcoin is not being checked by the level or rank of a member but by his contribution in times like this. One can be a newbie, member or jr newbie and still have wide knowledge regarding Bitcoin investment. Personally he a low rank member might be along time investor who just joined the forum a few days ago. But has started investing in Bitcoin for over 5 to 10 years.

That's by the way though. Back to the topic at hand. No one have any idea on what will be the price of Bitcoin today, tomorrow or years to come. We can only make realistic speculations and be optimistic on what we have said yet its uncertain. As soon As is typically practicing timing the market. That's a bad idea to time the market as the perfect time may never come for him to invest. Any time is good to buy Bitcoin as long as we can afford it through whatever strategy we choose to.

One thing you should realize is that, regardless of your level of intelligence, anyone may be scammed in one way or another. Some people will believe that there is no tactic a scammer can use to deceive them, but it is a lie; what we can wish for is we never fall for it and lose our money. Each path that involves money needs a regular education, even for those who are not new to investing. It's not a good idea to stop learning because we are always discovering new things. It requires a lot of knowledge and understanding, which cannot be acquired in a single day.


However, this type of story happens on the forum every day; people constantly complain that they were interrupted by online platforms clicked on a link and got scammed. I believe that if your friend was a member of this forum or was aware that social media has ruined some people's lives after they clicked on any link they came across, she would have avoided the link immediately. I think you should tell her more about this forum; it may benefit her in the future.

The best step is not to expect a lot of price increases after the election is over, but just focus on continuing to buy because that will keep us in mind for long-term investment. I will not think about how the price of bitcoin will be in the near future either after the election or until the end of this year because I want to continue buying until I am satisfied with my BTC holdings.

You assume that they are behind in Bitcoin because they are late in investing in Bitcoin. I think that idea is wrong because there is no late for beginners to invest in Bitcoin, they can buy aggressively and also in lump sums and with the DCA method. it is not too late for them to invest in bitcoin because Bitcoin is the best investment without inflation.

What do you mean by having your own bitcoin, whether you have not invested in Bitcoin, or have made many mistakes in previous investments, I think you can learn about good practices in long-term investment so that you do not make the same mistakes again.

To me with or without the election I believe Bitcoin is still going to do what it does the most surging massively ,so inorder word even when the election endup not going to bitcoin way bitcoin is still going to do good through it may show some slight effect to bitcoin price but still bitcoin going to bounce back stronger.

So I will keep playing my part by continuing with my accumulation till have gotten a nice amount of bitcoin, some folks in this space are still at there doubting bitcoin, and some are waiting for a perfect entry, without knowing that there ain't no perfect entry , because now is alosba perfect entry. So they avd position yourself in yah bitcoin accumulation.

You are right here. No one is 100% certain of what will be the fate of Bitcoin if there will be a dip or not on a particular date. If we use some common sense to speculate on Bitcoin price it's still nearly impossible to identify a dip. If Bitcoin seems to be dropping it's actually a clear sign and a good time to consider buying rather than waiting for a perfect date.

As for emergency funds, you speak the truth as well. Emergency funds must be separate from our investment funds. They are meant to be for unexpected expenses, and not meant for gambling on market dips.

There is no need to worry too much, this year the Price is likely to Skyrocket and when the Elections are favorable for those who spoke well of Bitcoin, if not it goes down and recovers anyway , the DCA method is the Fundamental way out for those who Believed they had been left Without the opportunity to Obtain Bitcoin , I hope to have my own Bitcoin even in a few years , I am Working on that.

One cannot go over a cycle without meeting the dip part of the market, the most controversial reasons why most people misses to buy at the dip is due to low capital, sometimes not the concern of not taking the advantage but purchasing just the usual that has already been kept for DCA, this means they were not able to accumulate more by putting additional funds into their investment.

The Dip and DCA are both strategies that can be applied to our investment process, to increase productivity on the total accumulated Bitcoin in our portfolio. Using only the Dip can be efficient but poses some risks which involves holding the funds while waiting for the better entry during the dip part to invest meanwhile those who DCA are unbothered and purchase according to how they programed their respective intervals which most likely will happen to fall into the dip part also. But to be more efficient than singularly using one strategy, good investors knows how to apply both strategies in a way it becomes very comfortable and much prefered reflecting enough load of Bitcoin in the portfolio.

This information is very good since we are all Bitcoin investors so that those that have not heard of it will learn because a lot of people are getting hacked thinking that it was from someone or a friend that hacked them when the truth is that their lack of knowledge about the risk they could face on their privacy if they did not have anti Malware protection, when I have not added my anti Malware protection I use to have series of messages asking me to signed up in other to have a good look on the things they offers, so based on the idea I already have I no that those links could possibly contain a virus that can make them invade my privacy so I always ignore such links, so anybody who does not have anti Malware protection should avoid certain links if they received it.

Sounds bearish dude, bat slappenings! 

Dont mind the haters, I think its very mature of you to state that you were unable to purchase because you didn't have funds available. This to me (imho) is one of the main skillz an accumulator has to learn and follow through on. If you dont follow your rules and say for example overextended yourself and bought with your emergency funds you are just part of the fomo group of investors. Fomo is bad practice, you didn't do it so well done you survived to buy another day! :-)

When your new funds become available on 25/10/2024, and your still in the accumulation phase then  would recommend continue with your normal DCA amounts and frequency.

If your overly worried about your emergency fund, its ok to adjust down your dca amount or even take a break for a month and pivot that cashflow into your emergency fund. When you feel comfortable flip back/increase your dca. This is another skill of equal importance, mitigating risk.

Keep stacking :-)

Yeah buying during the dip is a good idea however one should not wait for a dip to happen before he or she can start there Bitcoin accumulation because waiting for a dip is a waste of time and it will delay your accumulation journey, have you asked yourself what if a dip don't happen or what if it happens in the next 3 to 5 years.
Is better you use the DCA strategy and start accumulating weekly or monthly and then if you have a reserved funds you can decide to use it to accumulate more Bitcoin when ever there's a dip however before using your reserved funds for that make sure you have an emergency funds and float funds so as to help you when you are in need of financial assistance in other to prevent you from dipping hands into your Bitcoin investment.

Some people who cannot take advantage of the Dip condition when they see Bitcoin is at a certain level and they realize that at that time Bitcoin is in a Dip condition, they can be considered as people who lose in taking advantage of such a good time or moment. Because people who are ready to take advantage of such conditions will always be moved to buy periodically even though sometimes they will also use certain methods such as DCA. In addition, there are also people who are afraid to buy Bitcoin even though the price is Dipping Because maybe they don't have the mentality to buy or maybe they don't have the capital.

The dip is not always certain until it occurs I still wonder what made you believe that it will dip on your mentioned date.

The emergency fund is not what you will use to accumulate Bitcoin, emergency fund is when an unforeseen circumstances occur you could use your emergency fund to sort it out with out selling out your Bitcoin hodling for is your discretionary income you will use to buy Bitcoin.

For there is no right time to buy the dip for it may not even occur so why keep waiting and miss out more opportunities in the market when you can actually buy Bitcoin with your DCA strategy which allows you to accumulate Bitcoin weekly or monthly irrespective of the price and hodl for long.