Topic: Buy the DIP, and HODL! - page 262. (Read 123883 times)

There is no point analyzing the market conditions as a newbie that just started his bitcoin investment. This is why the DCA method is the most recommended method that is good to accumulate bitcoin for beginners , because you are buying bitcoin at different price level. A beginner should only focus on DCA, and if the market dips farther, he is of the advantage of buying more bitcoin in a discount price. All what the new investor needs is to put in place all the necessities that will make him not think of selling his bitcoin investment.

How can a beginner understand how how analyze the market, the aim of venturing into bitcoin investment is to have a significant amount of bitcoin, which he can only achieve this when he continues buying regulary and increasing his bitcoin portfolio without being distracted with the price movement of bitcoin. This is why a new investor in his accumulation phase must prepare for the DOWNity and UPity of bitcoin price movement for him to enjoy his bitcoin accumulation process. Keep buying with DCA regularly and Hodli is the key. Just don't stop buying.

I can't agree less with you. The thread has made it obvious that buying during the dip is an option and along the conversation we've come to see that their are other fantastic methods that works also well like the use of the DCA methord and the lump sum purchase.

That you're applying a particular method doesn't mean any other person that isn't using that methord is doing anything wrong or different. What's important is that you're are able to meet your goal at the end of the day. To some extent, I don't blame those that make such conclusion that the DCA method is the best methord. It's probably because by virtue of their financial level, the only thing that can work well for them is the DCA methord and so they just need to stay fixed on accumulating some amount of satoshis even if it takes them years to meet thier investment goal. Outside of the DCA methord, Buying during the DIP is very profitable and like you've rightly pointed out, some persons don't even have a defined methord of accumulating Bitcoin. All they do is that whenever they have the resource, they just buy and wait until they have another resource and then they buy more.

It's good we understand that it's not everybody that are orderly with their investment. Some can't be disciplined enough to try buying with the DCA methord because if they ever try it, it won't take them up to the third month before they start skipping their investment routine. Such people might necessarily have to push out whatever comes their way immediately because it's possible they aren't good with income management and so what might be their best strategy would be lump sum purchase. No doubt, the DCA is good especially for someone that's disciplined enough to continue for a longer period of time. It will certainly increase the quantity of your holdings but outside of the DCA methord lies other methods like buying during the DIP, making lump sum purchase and doing a combination of them.

You are right. Many people are observing the market with a microscope and buying dips. I think some investors have sold during the ATH price and coming back are lining up to buy dips again. Therefore, in this situation of the market, the best decision would be to focus on increasing the number in your portfolio without selling the stock.In addition to this, you can earn double or more if you invest on DCAs a weekly or monthly basis. At this time If it is a little late to make a decision, you can lose the BTC dips price in the market. Maybe you thinking, today or tomorrow will buy..... this way you are delaying your decision.

There's still more to expect from the market than the little we have seen on the bullrun, so if you're seeing the implication of the present market condition as something else, then don't worry, all you need to do is to invest the more and hodl, buy the dip, this is one of the way the bitcoin holders think and act, we are not move if the markets plummets because we still know that there's more to expect in the future if we stay along, we aren't done with the bull yet, we are just getting started, very soon, we will begin to realized seeing bitcoin at $100,000 and more if we remain in it together.

I disagree with this statement where you said this can only be done by those who have alot of money so that they can buy Bitcoin as whole.

A dip is considered to be any price point that is below the ATH, hence any one can make purchases at that point and you must not necessarily have a lot of money to buy a whole Bitcoin before you can make purchases at a dip. Your statement can actually be misleading, the dip is when there is Price drop from the ATH any one can buy fractions of Bitcoin and not necessarily a whole Bitcoin.

And when there is a dip an investor tend to buy more Bitcoin with the same amount of money or probably make a lump sum buy and not necessarily buying a whole Bitcoin just as you said.




I could say that the dca strategy shouldn't be generalized in terms of those who has money to buy a whole Bitcoin and those who don't have much money to buy a whole, because the major purpose of the dollar cost averaging (dca) is to reduce the overall impacts of price volatility and lower the average cost per share, it reduces investment risk and emotions, hence the reason while it has gained widespread adoption.

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

If they are trading then maybe its expected that they are worried for current situation of bitcoin since constant dumping can change the view of people which doesn't know or have strong belief of bitcoin to recover. Maybe they are there just for the hype and chasing clout just to be named as bitcoin holder but they never convert that into this situation where price is falling and it expose a lot of true supporter of bitcoin and who among them standing strong and doesn't get bother in this current situation happening.

If they could just see the opportunity place on their hand or front for sure they would know that this current scenario happen on bitcoin is a great time for them to accumulate or perfect to to execute the DCA method or what other thing they know.

That's right, sir, that's the non-competitive argument put forward by Kwarkam, where Bitcoin investment doesn't look at any party. Where if they want to invest then they can buy regularly which is a pretty good choice for now. Based on this principle, there are a lot of unconstructive arguments that are conveyed, many of them even say that now is not the right time to buy. Even though that is actually not the case because if they are consistent with the DCA strategy, they will make purchases at every stage in building a portfolio they.

At this level someone who consistently buys is the one who succeeds. Therefore, we will not be provoked by a handful of those who want to ruin our investment journey with various uncompetitive suggestions. In this case, they are people who regret it later because they always put off the opportunity to buy on the dips.

the best method for bitcoin investment is to buy and hold it for a long time...

buying DIP is one of the best ways to get a big profit from the price movement of bitcoin until the time limit of how strong you hold it. but this can only be done by those who have a lot of money so that they can buy bitcoin as a whole.

while the DCA method is another way to own bitcoin by paying in installments every week or month. most of those who use this method are those who do not have enough money to buy bitcoin as a whole. so you can use this method to accumulate bitcoin ownership. the profit is not as big as those who buy when the price is cheap. but it is very powerful, at least you can still have bitcoin even though the return just has to wait longer.

Please this is not correct, there is no law that says investment in Bitcoin must be done through the DCA method because the DCA method is just one way of buying Bitcoin and not the only way. There are other methods and even the caption of this thread mentioned buying the dip which is one method of buying that is also great. It is not right to send the wrong or incomplete message out.

I have seen many great investors in Bitcoin who were able to share their story and most of them never used the DCA method, they just bought when they had the funds and were not too interested if price was low or high because their believe and trust in Bitcoin was high so they believe that the investment will not go bad especially as they planned holding for very long time. It should have been clear to you by now that the success of a Bitcoin investor is highly dependent on how he manages the investment than how he made the investment. So being able to hold your Bitcoin after getting is very important and should occupy most of our planning because any method used to get it is fine as long as we make plans to hold it while living our normal lives.

Actually I don't think you guys should be worried by the market being bearish, because as a Bitcoin investor that we are, we are only thinking long term, not getting worried or concern about any changes in the price of Bitcoin.

People that would be paying more attention to the price of Bitcoin and it fluctuations are the people trading the market, not we that are investors that should be looking at it on the longer run, what we as investors should be paying more attention to is how to accumulate as much Bitcoin as possible, because we are planning for the future, not now.

can we all allow this sink in that investors or holders aren't same with traders?  We aren't talking about those that are bothered about every slightest reds or green on the chats! It's the nature of Bitcoin  to get into the red region sometimes and we all know it's just a momentary stuff that will still bounce back bullish with time so why become worried about it? How long can you talk about the fact that Bitcoin has gone red or is gradually getting bullish or would probably go down after it just got bullish? That's the crazy analysis most traders do and you don't expect an average person that's still new to Bitcoin investments to spend his time doing that.

Apart from the fact that discussing the concept of trading is considered an off  topic point here, I don't even see any advantage trading has compared to holding your bitcoin. You don't want to tell me that I should be at loss now that the market is getting momentarily red or become bothered whenever the market is getting bearish, do you? As long as Bitcoin continues to exist, the reality is that there will always be moments of correction which gives investors the luxury of buyiing more if they have the resources to.  If you're accumulating probably with the DCA methord then every correction is an opportunity to buy more with less $ or it equivalent above what you will normally get when the price is is bullish.

You are right...! Most investors want to see the price of Bitcoin green forever which is not worth. They are old investors or traders who refuse to see red prices. Some traders may lose their capital during market correction but it is very short term so don't panic.After Bitcoin's peak, many investors look for red digits in an attempt to find price dips. As a result of this correction of Bitcoin price, many new investors entered. As a result the markets remain the bull power. And if this power increases gradually, finally we can see bull run and in the future we will see more runs.

oh now I fully get it thanks for the clarification, though holding and accumulating bitcoin is not an easy task. But with proper knowledge one can secure a smooth investment. That why I need to try my best to keep gathering  good knowledge as am accumulating that would Help me to keep improving my investment . And have I already fixed my mind for long-term investment ( in Bitcoin) ,like when I was trading I didn't see any progress at all was like was stuck in a loophole (of profit and losses) . But since investing in bitcoin I can see my portfolio growing as bitcoin price increased, despite the recent dip am still in profit which is sign of progressing already. That why I need to keep going , learning and accummulating More , and as time goes on I would increase my aggressiveness to make my buying even more effective. And those users that have been holding bitcoin for long till now in this platform expecially those from "WO" as serve as a great motive for me to keep on going and I believe I will surely hit my accummulation goal ( my fuck you status)

HOLD Hold
Investing in Bitcoins must be done using the DCA method, as you need to have regular investments. If you invest in high speed market you will invest regularly in dumping market. Then your average price control will come and your investment will be successful. So you can make your own way of regularization from the list.

There has always been such scenarios before halving its just a price correction and I will see it as an opportunity  to buy more deep because the new support point might not be as low as expected, bitcoin has a lot of surprise as a volatile  coin and nobody thought it could set a new ATH before halving which gives a good sign of the upcoming bull run .
From the Topic of this thread it says
Buy the Dip and HODL, this is the time of the dip and should be taken as an opportunity  to accumulating more  before the Market FOMO increases

Those who are able to accurately analyze the cryptocurrency market or the Bitcoin market will never sell their invested Bitcoins out of panic.It is normal for the market to have an upswing as well as a downswing.We may have seen Bitcoin set a new ATH record a few days ago and now the price of Bitcoin has dipped since then, which is why the price of Bitcoin is now on the downside.People who think that the price of Bitcoin will only go up and not down I think are completely stupid.

Before the bitcoin halving is organized the market goes up a bit as it has probably happened many times before.We are only days away from the Bitcoin halving so it is only natural that the price of Bitcoin will drop.However, after the Bitcoin halving is organized, the market will be energized again and even then the price of Bitcoin will increase again.

A successful and patient investor will never sell his invested bitcoins until he is able to reach his specific goal.Similarly we should sell our investment according to a specific goal and we should hold the investment until we reach our specific goal. Many of us have full experience that if the price of Bitcoin falls, then if we hold it patiently, the price of Bitcoin will rise again.So we all should hold our investment patiently instead of panicking if the price of Bitcoin falls.

Historically speaking there is always a dip before halving and then new ATH. Like I said before we can't see the green weeks forever, irrespective that we have endured several years sleeping on the red candle as an investor. Indirectly buddy you tried to time the market waiting for the price to go down so that you will buy at a cheaper. Luckily for you, it worked but what if it didn't?




When it was 72k and now at 62k or 61k. It has been a good time to buy Bitcoin. We are likely to see predictable corrections where the price drops before continuing to go up. It is in Bitcoin's nature to not just move so smoothly and consistently hence retaining its reputation for being volatile. So, we should not expect Bitcoin to go straight to the moon instead we should be expecting to see curved candles that we may think the forward movement is over. Long-term investors are not concerned about what is happening now only the weak hands are being threatened by the current market state most of them will lose confidence and sell while some will resist the temptation, it is a personal choice to choose which we will fall under.

This is really a good buy opportunity if you ask me. Many people have always failed to understand that market fluctuation is a normal thing in bitcoin investment. A lot of people just want bitcoin to be green all time, which is not possible. It's funny how some people reacts when there is a little correction in the market. At 61k which is the current market price many are panicking. People forget so fast, few months ago bitcoin corrected from from 48k and went between 38k and shoot from there to 73k. It's is same thing here and we might still see more. Let's not panic the market will get up again. What it's important is this, don't panic sell your holding because of fear. Let's learn from past experience.

then that's obviously not emergency fund. Proper planning entails you keep emergency fund and not tamper with it or else the real emergency will come at the time you least expect. While making your plans, putting things in their proper perspective is almost as important as making the investment in the first place. No doubt, an alternative investment opportunity might erupt along the line and it might appear as though your emergency fund is laying waste and could possibly go into that alternative investment and yield more profit but just know that you're at that situation that demands you to become matured enough to see certain things as major distractions. It's not wrong that if you have another money outside of your emergency funds and sees an opportunity to invest into, that's a totally different situation, but when you go on to using your emergency fund for another purpose, then you've literally mismanaged your fund and it will certainly affect your investment.

maybe you're getting somany things twisted here and it's possible you don't know the value of the figure you're putting out here.
For clarity, 1BTC at the moment is just $61k and if we do our little maths, with that $150k you are looking at using for emergency fund, you can starch at least 2BTC and still have $28k left. Except you're a extremely rich, using $150k as an emergency fund doesn't look wise at all, I mean, how much have you starched up before having such reserve that's going up for emergency fund? Let's be realistic sometimes.