Topic: Buy the DIP, and HODL! - page 24. (Read 128946 times)

We are in the accumulation phase, of course, the correction that occurs is a good opportunity to buy in between the routine unexpired periods that we do with DCA. Regarding the price going up or down, it is quite natural, because in the market there are always sellers and buyers. As buyers, of course, our target is to continue buying every week and in every correction that occurs.

Market sentiment cannot be predicted precisely, because it can increase more significantly and there can be a sudden correction. As a holder, we can take advantage of many opportunities to continue buying bitcoin and holding it for the long term.

If you think about the price when executing it, it is the same as contradicting the DCA strategy. for that I think we don't look at the price when buying bitcoin, because our goal is to increase bitcoin ownership and we are still in the accumulation phase. Let people say whatever, but we remain in our plan to keep holding Bitcoin.

The time is for us to apply wisdom and control along side with patience, because bitcoin at this moment is offering a double opportunity, while some see this time at best time to buy bitcoin, others may be thinking of selling their bag load of bitcoin since the have failed to hit it when Bitcoin was at the peak of the market close to $100k and they thought it will get to $100k and beyond, but when that have not yet been achieved and the correction is here with bitcoin diving down to close to $80k price, to them their need to take the left over profits and without possible loses since the price haven't got to their bought price yet., To me those that seems to be at advantage are those that have enough cash flow and reserve fund's to buy at whatever price and willing to wait for at least 2-3 or even 5 years without having to look back at those bitcoin accumulated at this time, since for them 90k or less is somewhat a cheap price for bitcoin compared to what the price of bitcoin will be in the next 3 to 4 year coming.


Being calculative in the taking of advantage of bitcoin corrections and volatilities helps long term investors alot unlike the future and derivative traders that just gamble on the price, a long term bitcoin investor have less to worry in the time of correction in price since their bitcoin assets remain intact regardless of the price of bitcoin, but for a derivative future trader, at some point their asset can get liquidated even before their knowledge, most especially those on high leverage.

You know one thing for sure is that bitcoin volatility is just like a rollercoaster ride, it not always a smooth ride. Also like the see saw. So we go through the hill and valley but yet we keep on riding, Provided its not gonna hurt us anyway. The current downside of bitcoin right now is not what to think of rather an avenue to buy more because bitcoin will still supersede $100k. history will still repeat itself as many people will still not buy now but keep on waiting for the best time forgotten that yesterday was the best time and today is another best time. Forgeting that a time will come when BTC1 will be $1m and today that was seen as being too late will surly be a memorable moment.

As a HODLer don't panic, with the downward trend it is better to buy again, the market will definitely recover.
Don't even worry for now because you know the bullish period is not over, we will find a new round in the next year which is coming soon.

The current price is still the best way to accumulate, let people say it's already high the important thing is that we continue to buy it.

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

cryptoWODL you are very correct the only way to achieve huge success in Bitcoin investment is to be consistent in accumulation while hodling for a long period of time, it is also true that one can also achieve huge success by investing a huge amount of money on Bitcoin and get lucky that Bitcoin hit a very high price in just 1 to 2 years of his or her investment for example Mr A invested $2 million in Bitcoin when Bitcoin was $100k in 2025 and within 2025 to 2026 Bitcoin hits $200k such person has made a huge profit.
However when the person keeps accumulating and hodling for more years his profit will be more bigger, the more consistent and long hodling you are in Bitcoin investment the more successful you become.

If there are people who think like this when buying bitcoin, I think that person is not an investor, but a trader. Because a true bitcoin investor will definitely not worry too much about the price when buying it. The point is that continuing to do DCA on bitcoin is something that continues to be done. Because basically bitcoin investors will definitely use cold money to invest. So they are not chasing quick profits when buying bitcoin. Because they know that investing is not a job but a way to prevent their assets from being hit by inflation, or to make their future better financially. So basically the point of investing in Bitcoin is not just chasing profits, but there are other things we can get in the future. Therefore, people who are chasing quick profits, or you could say a trader, only see bitcoin as an asset that can double their money. Even though in reality there are more important values ​​contained than just that. However, I personally still respect traders in Bitcoin, because after all, if it is related to Bitcoin, it means we are on the same frequency, even though it is a little different.

Even if you want to make quick profit, how much can you invest so soon to warrant a quick ROI? It's just a short sighted mindset that makes it look like waiting to buy at a low price is the only way that you can easily place yourself at a good profit from your investment.

If you've been investing from the start of the year till now, which other asset class has the potential of giving you the returns you should have gotten by now even if you bought the asset at a time it was even bearish? No one that has done DCA from the start of the year till now is not in a very good profit, this is just a single year consideration, what hapens if you're able to invest for the long run? For a volatile asset as Bitcoin, you can't be too accurate when it comes to timing the market and while you're hoping that it's going to get more DIP, you will eventually find out that it's getting more bullish and that you've wasted a whole bunch of time that you should have used in investing earlier. Good Profitability is one of the ultimate reasons for investing in Bitcoin and to get the best out of it, its best to have a long term plan which allows you the opportunity of investing more and putting you in a good profit.

Of course, if an investor wants to make more profit on his Bitcoin investment, he must prolong his investment. If the investor buys bitcoins on a weekly/monthly basis, the longer he continues to invest, the more bitcoins he will accumulate in the investment portfolio. We came across a post on Bitcoin discussion board a few days ago that mentioned a man's 8 year long Bitcoin investment. The person was depositing bitcoins at $30 per day ie $210 per week. Thus he prolonged his investment for 8 years, he was able to achieve success by prolonging his investment.



UPDATE: BITCOIN DCA JOURNEY: https://x.com/regothetrader/status/1855234677491073122?t=B09ce6EPbbAV5JyyXrFINw&s=19

Well, after reading his statement I'm not very suprised cause he said he has little knowledge about Bitcoin therefore I might be right to conclude that he doesn't know about the DCA method hence he won't be worried about the price, lots of people that's missed the opportunity of accumulating more Bitcoin at a fair price did so due to the price cause while they're confused and waiting for it to drop it mostly go higher this period and then you see them regretting. BTC, is on the road to 100k, it's currently at the 90k mark and would definitely get to 100k so if I were him, I'll seize this opportunity to accumulate more but since the knowledge he's got about Bitcoin is not enough to convince him into doing that I'll advise he learn more about Bitcoin, especially about strategies that would help him accumulate more Bitcoins for instance the DCA, that's immune to the volatility of Bitcoin. However he made a statement that he's made profits from Bitcoin with the little he's invested, I just hope he's not one of those who come into Bitcoin investment with the mindset of short-term goals and taking profits from their investment when it's not due, else it would be right to say he's on the wrong path of Bitcoin investment.

If the price of bitcoin is a problem to you, then you will never invest in bitcoin. For you now the price seems very high to invest that is why you haven't still invest yet, if you wait till next month it is possible that the price can get increase more than what it is right now and you will still regret if you had known it would have been better to invest when the price was lower and you will still not be able to invest when regretting of not buying when the price was low before.

The reason why many people feels the price of bitcoin is too high to invest is because they want to make quick profit and they are never ready to hodl. if high price is a problem to you what stopped you to invest when bitcoin was at the low?. If you really want to invest bitcoin and to hodl,  and not having plans to make profit quick price will never be problem, you can invest at all time knowing with hodling you can get a better profit.

I totally agree with you.
I think the major problem is that most investors have quite a flawed perspective of Bitcoin, rather than seeing it as a store of value that not stores the value of their wealth in the long term but also potentially gives them the chance to make some extra profit while at it, they’d rather prefer to focus more on the short term price fluctuations, and this is why many of them often end up making wrong decisions simply because they prioritize sorting for ways to increase or maximize profits by attempting to take advantage of certain risks and this makes them sometimes not to properly calculate the potential risks of the action they plan to take. Rather than this, it’s important to prioritize long term growth and consistent accumulation.

By focusing more on the consistent and disciplined approach to accumulating Bitcoin and by taking full advantage of the DCA strategy, they could potentially reduce the effects and impact of market volatility as well as avoid making decisions that’s potentially lead to losses, because you’ll be able to the clear picture and make better decisions rather then having to making decisions based on emotions and short term price movement.

Just as you’ve rightly said. It’s important to always prioritize maintaining consistent buying and accumulating Bitcoin rather selling, at least until one has attained a ‘Fuck you status’ in his holding, then maybe you can think about periodic selling (smaller amounts of your stash).  Because this is the only way individuals maybe be able to build themselves a solid and long term store of value, and also increasing adoption as well as to also benefit from the network.

And what exactly do you understand by something being unrealistic?
Unrealistic doesn’t in anyway imply that people don’t do it, you need to understand that first. An unrealistic mindset could be generally accepted and adopted due to people’s ignorance of the actual implications.

You might be able to apply similar ideas to other assets and/or currencies, yet I have me doubts... . since bitcoin is likely the most sound money that has ever been put into existence, which causes potentialities that there could be a step up in its price at any time, and since we cannot know when the step up in price is going to come, then we have to make sure that we are erroring on the side of always being in and being really sparing with any amount of bitcoin that we might sell, especialy whil ew are in early to mid stages of our bitcoin accumulation journey.

Of course, once we get further along in our bitcoin accumulation journey, then we might start to feel that we have more options to shave off our bitcoin at any time, yet at the same time, even if we are further along in our bitcoin journey, we still might want to search out other sources of income or currency to spend first prior to spending our bitcoin (except for in spend and replace situations that shouldn't necessarily end up involving large portions of our stash or spanning over any kind of meaningfully long period of time.. perhaps a day or two at most.).

One of the things about bitcoin is our need to learn about it enough to get it into our head that it is an item for stacking and accumulating and the price does not really matter very much.. just keep persistently, consistently and ongoingly continue to stack it.. and yeah, the more that we stack and prioritize our stacking (through buying, selling does not fit the definition of stacking), then the size of our stack should help to inform us more and more if we might need to customize whatever we are doing in regarding how hard we stack or if there might be periods that we stack less hard or perhaps on a weekly basis we might do our DCA buy yet within the week we might choose to attempt to strategize to buy at low price points within the week.. and there can be variations in regards to how we employ our level of aggressiveness that revolve around our cash management situation too.. so for example if we have very irregular income and expenses, then we may well have to keep quite a bit more cash on-hand and available and as our cushion as compared with someone who has a job that consistently and dependably pays on-time and an expected amount.

I think this dilemma that you are describing here goes hand in hand with a post you made elsewhere about the units that people should have in their minds when accumulating bitcoin. If some average Joe sets 1 whole BTC as the goal, it might rather make him demotivated to ever beging accumulating because the price shot up by so much and it is not unlikely to go higher. I brought up 1 mBTC and then you added that even thinking in satoshis can be a good strategy and I agree. But it still takes someone to value the satoshis in the form of an investment with increased future potential value. Otherwise they could step into the dilemma that is the other way around and they feel for the moment, not seeing the value in accumulating satoshis. At the end of the day someone should think about whether or not they believe bitcoin is undervalued. But you can see that there are still some trolls to take the same line for a decade now and how bitcoin will never reach this or that. But the numbers speak so much for themselves and some of the politicans do too by now that it is still surprising how skeptical many people are.

It's not seldom that I hear sentences like "well, I can touch gold, but I can't bitcoin". If they are still in that stadium of how they understand value, it is quite hard to see them gather the least amount of information and knowledge or understanding of the matter, such that they would convince themselves of getting started. And this is not even about the concept of intangible value. Bitcoin's value is very real as soon as you get confronted with its various use cases. If the US government or some of the senators speak about "Strategic Reserve" in terms of bitcoin, then what else is there to understand even for someone who is mostly clueless about the technical matters of bitcoin?


Wind_FURY has a good point here and I agree. If that were to happen that the US government announces and passes a law or a set in stone plan for the acquisition of a strategic reserve in the amount of 800K additional BTC, I think that would create some serious FOMO across so many parties. Everyone would know that the US government is now having skin in the game and thereby creating incentives for themselves to not harm bitcoin in any way, but instead create a promising environment for bitcoin to thrive. Companies like Tesla would probably stock up, pension funds and investment funds would stock up because they now have the real player on board who is responsible for bitcoin legitimization and for the laws that either make it more valuable or more constraint.

I agree that macro factors shouldn't be overvalued or lead to ill-considered decisions on the individual level, like selling your house and putting everything in one basket. But I think it can't be denied that the voices pro bitcoin became louder over time and they came from higher and higher levels in the global power hierarchy. I don't think it would be wise to give too little meaning to it, and neither would it be wise to give too much meaning to it. But it sounds more serious than ever and these intense crackdown threats from many countries in the world have become more and more quiet.

What's not realistic? people do it on a regular but that's completely the wrong approach in Bitcoin investment. The dip may never come and by so doing they lost any entry point into the market. Unless they choose to buy back immediately not minding if they had lost either little of their profit or capital because they sold in the first place. Selling and buying back on dips has never been cool to anyone who attempted it this year. This is why it is not a guaranteed strategy, but buying on dip without selling your stash is acceptable. It will only help contribute to your investment aggressively. At the same time, it is still an accumulation but this time aside from the basic strategy you are using to invest you are attempting to accumulate more aggressively.

Well first to start with, ln Bitcoin investment you don't have or need to know everything which off cause is not even possible, even the great investors we see or hear of today were once like you and also started like you but along the line they gained more insights. Sometimes, family status is not suppose to be a barrier in investing in Bitcoin as a matter of fact you are from a middle class family which is not bad and again investment is a self determination and self interest something, if you have a target then you have to keep trying and pushing regardless of your background and it's only when you strive you can change your background so your age and family status doesn't really matter.

Buddy definitely some people who has been holding and targeting $100k as their own hodling satisfaction limit may decide to sell once Bitcoin hit that price and this may cause a kind of decline in the price of Bitcoin, yea all this things will happen for the future to reset itself, if the whales are manipulating the market at this point for the price to hit $100k it's also fine even though it drops afterward based on some whales decision to sell at $100k miles stone its also good for some of us that have not accumulated enough to keep going higher, what matter is that Bitcoin has given us hope that it can go higher than $100k, that alone should give us the courage to keep accumulating even though it keep declining so that we can meet up with our future goals, we can not tell the plans of whales but what we should be doing right now is to keep our minds off all this distractions so that we can concentrate on achieving our goals.

Since another bull cycle as you said should be by 4years, I think we should be preparing for it, though we wouldn't know what will happen then but what matters to us is that Bitcoin is very futuristic and that should always be what should keep us going, though we are left with our fate but I don't know what giving up is when i make up my mind to do something, biddy your explanations are good but I will advise that we keep doing the needful no matter what.

[quote author=Odohu à doubt about bitcoin and continue to be a skeptical dude in the scene for sure there would be more regrets will come to this guy especially that bitcoin awareness also the adoption continues to grow.
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Jeff Bezos has a philosophy "Be stubborn on vision, but flexible on details". Saylor did the right thing by joining the bitcoin otherwise he is the one who will be at loss. I have strong feeling that it's time that US new government will change it's policy towards Bitcoin as few governments have already adopted pro-bitcoin policy and getting good result because of that policy change. If there is policy change by US government towards Bitcoin then HODLers of Bitcoin will have a feast that world will see.   
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Michael Saylor have become the new hero of Bitcoin and the greatest motivation for the HODLers. He has shown us the beauty of thinking long term when it comes to investing in Bitcoin and has also demonstrated the power of the DCA method which most of us are using in our Bitcoin collection. Anyone whose is not inspired by the courage and determination of Saylor is not really ready to key into investing as a way of building for the future rather than relying on 9/5 jobs.

We cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has said. Although his victory play a major part in seeing Bitcoin as high as it is now and I believe if he has a good stance on Bitcoin, we will see more gains. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising.
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I agree with you completely. This is the reason we should not relent on buying Bitcoin despite that some will think it has gone too high. Just focus on getting more Bitcoin irrespective of the price because Bitcoin still look highly promising.  cannot speculate so much about the stand of the incoming US administration on Bitcoin but from what we know and heard from Trump, his government will be favorable to Bitcoin as he promise to make Bitcoin one of the investment portfolio of his administration. I understand that these are political statement from a politician but the burden is on him to keep to what he has

Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.

I wouldn't agree more with your perspective. I also think that it is a very unrealistic approach to sell off a large amount of one's stash with intentions of waiting for a dip so he can buy at a more cheaper price, this approach is nit just unrealistic but also very risky too as it may potentially lead to losses and missed opportunities.

My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.

Investors should learn to adopt a more realistic mindset when it comes to their Bitcoin Holdings because that's the only way they may likely be able to male a more informed and strategic decision concerning their investments, rather than making decisions based on emotional impulses or mere speculations.