Topic: Buy the DIP, and HODL! - page 231. (Read 109010 times)

People who bought bitcoin last bull run when bitcoin was $60k will be happy to see the bitcoin price back to $60k; it will motivate them to keep on accumulating more bitcoin because they have seen what bitcoin can do. I know there is joy everywhere now because the price of bitcoin is $60k. Let's not be carried away by short-term gain and rush to sell our bitcoin so early. Let's be consistent with our DCA strategy to accumulate more bitcoin because the current price is not close to what bitcoin ATH will be in this coming bull run.

hmmm this interesting and you right, there's a reason why they keep on advising us to not go all in (definitely sound like gambling). So that we can actually hold our Bitcoin for long, focusing a certain percentage of your earnings in accumulating more bitcoin while the other percentage can be use for emergency funds to coverup expected and unexpected expenses. So using DCA strategy to accumulate certain percentages, that you can stay without relying on  or planning to use. Because if actually use funds that are being set aside to cover relevant stuff or expenses you may endup running back to your investment which may cause premature withdrawal of your investment. To avoid such have good sources of income and always use good principle in your accummulating by not going all out but investing with a certain percentage of funds you could hold for long, and try to be Persistence in your accumulation and you would see how  see the growth your portfolio would undergo as time goes on.

I will say it  wasn't really a good idea selling bitcoin at this point when the price keeps maruding forward and the halving around the corner. Selling your bitcoin yesterday and seeing the price surging ahead is definitely going to have some psychological effect of that person. Bitcoin is heading above the $100k as speculated. If you have been holding bitcoin coin till yesterday or today you can keep holding. That's why it's advisable to always have other source of income Incase of emergency. Bitcoin is the new trend and if you are opportuned to have it, don't lose it cheaply.

This statement is interesting, if everyone could have this mindset including newbies about the statement "The best time to buy bitcoin was yesterday the second best time to buy is today" if I'm not mistaken with the statement it's never too late to buy and hold, since this statement has to do with the present "today" and bitcoin has to do with price volatility, early  investors are lucky investors meanwhile newly investors should also be excited cause it's never too late so focusing on how to accumulate now is a right decision, this statement actually says it all about investing , no one should get discourage with bitcoin investment.

I can't relate with this but I have heard several stories like this, sometimes in situation like this the investor lack a proper planning, stable source of income is required and the most advisable plan when investing is to preserve some money and it's called an emergency funds, human needs are endless and some random need might just pop up but it's not a right decision to withdraw your investment money that's why it's advisable to set an emergency fund. Secondly when investing I learnt this common advice always cut your coat according to your size, never be in a haste to buy with an amount you can't maintain

No prediction should be made here with the way bitcoin is trending now and any prediction will be of no use. At the moment, according to the state of the market trend long term plans can be implemented in bitcoin but short term predictions will not work. We will have to wait for a while to see the actual figures at the moment.

That sounds more like one possible trading strategy Which is a very wrong approach in Bitcoin investment. You are apparently saying that you are to buy at low price and sell when price is high and then buy back again when it is low, this may result you being out of the the market for long periods of time, reason being that there is no certainty that you are going to see the expected low price to buy back because the market condition can possibly be in an upward trends for so long and you will be left out not have Bitcoin in your portfolio or you may end up buying higher than your selling point.

For instance, saying that you bought at $45k and sold at $65k and the price then stays between $65k and $70k or more upwards for months or years or forever. That means you will end up not buying or buy at a price higher than your selling point.

Simply put, bitcoin accumulation is for everyone but not everyone has a good balance regarding financial matters, there are some of them who have an income that is only enough to meet their needs and there are also those who have some money from the rest of their needs, and the second point I mentioned that has the opportunity to start engaging in bitcoin accumulation, none other than because after all, life needs are the most important and must be prioritized aside from the desire to engage in bitcoin accumulation. As you said that it is recommended to use the remaining money from all the needs that have been met first, and this situation is a safer situation for someone to engage in bitcoin accumulation. On the other hand by looking at the current bitcoin price situation, I think we all agree that bitcoin will be able to break the previous ATH.

I think everyone already knows that the rules of engagement in investments to be profitable are to buy at low prices and wait to sell at high prices, but the problem is that not everyone is able to be patient to really wait for the highest price that can really provide significant benefits, in some cases many of them are too fast in terms of taking profits, one of the causes may be the "worry" within themselves which ultimately makes them make the decision to cash out early. But actually concern is a natural feeling for all investors because investment not only provides profit opportunities but also has the possibility of risks that cannot always be avoided completely, everyone has a sense of concern but not everyone has a broad understanding and insight into the potential of bitcoin itself so maybe that's what makes them make decisions too early in terms of taking advantage.

I believe strongly on this speculation and I think staying above the  $100k price is/maybe guaranteed due to the latest adoption, as long people keep buying it's pretty much possible to stay up above the $100k, I knew for sure we were only facing market corrections. Bitcoin hitting the $61k price yet before the halving is a no big joke, certainly we can also assume reaching last ATH of $69k is possible if only the market continues this way, more people keep buying.

Yes, of a truth every entry price remains profitable as of DCAing or buying the DIP but everyone desires a much bigger profit and wasting more time either procrastinating will only amount to limiting one's profit.

Base on history concerning bitcoin halving, bitcoin first experience a surge in price before halving and during the halving base on the previous bitcoin halvings, bitcoin normally would experience a dip , then after the halving (most a year after)  it would increase tremendously. But the way bitcoin is moving recently you sure bitcoin won't hit $100k 🤷 before the halving, Still no one can actually tell . But if such happens , (bitcoin hitting $100k) before the halving then after the halving may increase even more than anyone expectation. Let's just see how things goes.

The most important thing here is that the next step as Bitcoin follows is that it will be able to cross $100k in the next few weeks as it is close to crossing past highs. If it crosses $100k dollars, the price of Bitcoin will increase by such an amount in the future, which is beyond our imagination, we may not have any idea or so far no one has been able to make any prediction.

You got it rightz having a steady cash follow that take cares of your expenses is jey to growth of investment and portfolio and that is why we always say that bitcoin investment ahould be done based on left over cash or money that you dont have any needs for 8n a long time from now, take those who dip into their investment qhen the price of Bitcoin started to pick at $45,000, thinking that is the highest Bitcoin will go at this time, but seeing that Bitcoin is about to break the all time high price it hard in previous year, so that is a shot on the leg.

Most of us commit such investment blunders and to which we have not learned our lesson to always buy low and hold for a long while before conversion,  a situation that sees us to making good and sustainable profits along the line, we need to make adequate preparation tto accumulate more bitcoin and spend less of it holdle is the way up and not cashing out.

At some point you can get sell off your investment to meet up certain demand, but it's always advisable to hodl unto your investment in other to have a full rewards.
There must be a source of income to be successful in Bitcoin investment, you must have a stable source of income that will accompany you to your destination.

It has been severally said that every kind of investment comes with certain level of preparedness where there must be a provisional emergency, reserved and float funds to take care of your daily upkeep and unplanned expenses in other not to retard the growth of your investment or completely selling it off too soon.

Seeing bitcoin such price today is just wonderful and epic, still pains haven't accumulated more quantities, but still doesn't only matter your entry is just how Persistence you are In your holding and accumulating .  
  And as we speaking, there's high chances that  most of those weak minded investor has already started selling their investment after seeing bitcoin price, from the price range of $50k-$60k . After checking their portfolio and found out that there's a great different from when they started accumulating (their coins value has  increased (bitcoin)). Initiating a tempting urge to sell there investment and alot did. Without knowing that this is just the beginning, those of us that still holding and accumulating we should continue till we hit our accumulation goal.

Bitcoin to the 🚀.

JJG have been right on a lot of his submissions as it has to do with Bitcoin accumulation. His knowledge is not limited to that as he is versed in many other aspect of the entire Bitcoin and the technology. He has raised important threads that explain Bitcoin accumulation and his latest being the withdrawal strategy. It will be difficult to follow him and get lost. His comments has helped my understanding of the DCA method and how to actually apply it and not only theories. Now I am happy with my approach which I developed following him. He is such a great guy with good knowledge of building wealth.

One good thing about this forum is the opportunity to meet people from different backgrounds and cultures who are willing to share their knowledge and experiences for the benefit of others. Everyone should take the information shared here seriously.

This are people that doesn't know the value and potential of Bitcoin.


Dca strategy will serve you better, you can a fraction and not the entire Bitcoin



That is procrastination they may end up not buying Bitcoin to their portfolio




Buying below $50k can be great but it doesn't Make those that bought above $50k any different, it not about when you buy but how persistent you can be in terms of hodling for long. The first best time was yesterday and the second best time is today, it is uncertain if such investor will buy tomorrow.

BTC is already $60,798 and being able to survive this to date and purchasing the DCA model is an extraordinary achievement even though it is not yet full. Well, regarding some people who sold their BTC before today's increase, I don't think they are weak in holding their BTC, they just have to sell it urgently for important daily needs.

Because the lack of confidence leads some people to think "What if it dumps tomorrow?". Some people are still in the struggle to give trust and they remain doubtful and uncertain. We can't force them to believe when it is against their will.
Maybe they will but I'm not sure if some of these investors still manage to hold until now or if they sell it before it hits $50k.
Those who have strong mindsets will still hold and accumulate more but those who are easily affected by the FUDs and rumors, exactly they got in panic and sell their BTC at low prices. We never expect everyone to hold and wait for the new ATH because many investors are weak.

It is certainly never too late to buy now if the plan is to hodl for the long term.

Patience plays a major role to a successful investment over a long term, you must be self convinced irrespective of trends that Bitcoin is a coin worth investing on a long term perspective. It is a decision that you have to take by yourself not because it is what everybody is talking about or doing, without taken note of that you can not be able to be patient and hodl you investment for long. Indeed patient is an important potential weapon for hodling your investment. Hodling for long is very important, it gives investors that flexibility opportunity of reviewing the performance of their investment and make adjustments where and when necessary, if you don't hodl you may not be able to benefit the value proposition of your investment over a long term, The  dca strategy will see you through.

There's still hope, even more than the former, those that are just coming in should focus their mind on the right thing coming ahead for them with bitcoin investment when they have the ability to hold and withstand the challenges of the market bear, there's more bull season to come and we can never miss out on this.


Its not also a bad idea in using DCA even at this current time where the market is fast rising, we cannot conclude on the fact that it will remain bullish for the time being, we can experience a little more of bear along the way and such could make the use of DCA more effectively accurate for our own benefit.

Hy @Jayjuangee, how are you? I haven't been on this thread long enough to talk about bitcoin buying strategies here, because it's very familiar.

Maybe you and I are the ones laughing today, seeing bitcoin approaching the last ATH. In the past we talked about bitcoin still being priced at 18 thousand dollars and twenty thousand dollars, and today it has almost reached $ 60k, it's an amazing journey, those out there might talk we can get hundreds of percent of bitcoin with the investment strategy we do in bitcoin, but they don't know that we are quite shivering how bitcoin fluctuationsl run in 2022-2023.

How do you still keep buying at the current price now? considering also bitcoin today is in a different cycle, I hope you are still enough and to do DCA.