Topic: Buy the DIP, and HODL! - page 264. (Read 123883 times)

I can say that every entry point depends on individual financial ability because this present price was also seen as being too high but now everyone is say is a good time to invest,  the current price could actually be a great time but that doesn't make those that are going to buy above any much different,  however it is not pretty much about when you buy but how persistence you are or you can be with your hodl, am saying this because sooner the present ATH of $73k will as well be seen as a dip when Bitcoin Will hit more than that, hence the real gist should be buying and not being much concerned about the price fluctuations if your intentions are actually to hodl for longer time.






Fuck shitcoins and talking about it in this thread in such a maner of diversification. It is best when considering diversification to spread out on different asset classes that has no relationship, you can consider selling commodities, lands real estate and gold according to your financial ability.

For your first question I think you are referring to the bearish period when the overall market trend is going down and price is reducing, I don't really understand your second question or what you mean by anytime an investor is capable to purchase beign the investors deep - I think you should throw more light on what you mean.

Buying  bitcoin at its dip is a good strategy for accumulating bitcoin, but we can't call it the best cause the dip is not a constant market condition and this means you would only have to buy bitcoin when the price is low and you won't be buying bitcoin again, but on this thread we have discussed this issue and have come to a conclusion that using the DCA strategy is a better strategy for accumulating bitcoin cause of many benefits and mainly because it helps as a shield to protect us from price volatility of Bitcoin and this is because with the DCA strategy you would be buying bitcoin consistently and would buy at almost every Market point, when they is a deep and when the price is high. This strategy or method is also easy to understand and involves no technical analysis or the user doesn't have to time the Market to check for dips, you just have to divide your capital into several parts and invest them on intervals.
It's also a good strategy for peopel with low income unlike buying on dips that you would have to have a huge capital to really take advantage or accumulate a huge quantity, but with DCA  a low income earning can accumulate much bitcoin cumulatively since he is going to Continue buying for a longer period of time than others, yeah i know that having huge capital is an advantage and can cover a person's long time investment in DCA but when investing in an unpredictable asset like bitcoin we should have in mind that timing the market is not a good strategy and the price your expecting can or would never come, moreover timing the market would be unproductive. So yes for many reasons DCA would stand out over buying the dip even if there are both good strategies.



Not just that investing in altcoins is not a wise action and is in no way an investment but rather a gamble cause you know there are shitcoin and have no real world utility.

Bitcoin unlike any other investment asset has a certain period when there is a decline in its price. This period when investors or traders start experiencing this nature of bitcoin is what is meant to be a dip and it is temporary just like when the market starts appreciating. It is the nature of Bitcoin not to stay in one price position for long which is considered volatile movement or price flutuation.

Also, these dips can come anytime but it is mostly determined to be a dip season for bitcoin when the price gets so high like a price recovery or when bitcoin reaches its new all time high. Which it already did last week.

You may choose to purchase bitcoin anytime depending on the type of investor you are. Buying Bitcoin when it is lower than the price of last week or yesterday doesn't mean you are buying at the dip. But In this case, buying now can be considered as buying the dip because you are buying below the all-time high. So many investors would rush into bitcoin now since they feel they may not see bitcoin price soon at the price to buy. Bitcoin is actually doing some correction and by speculation we expect to see the market back up.

I don't think there is any discussion here about altcoin and we should keep that aside for now. If you want to diversify your portfolio other assets can be bought aside from bitcoin. Don't get rekt with the aim of diversifying then you risk your money into shitcoins. Be wise. As an investor with the long term goal you would rather stick to bitcoin and dca your mind shouldn't be else where. Dont you know how old bitcoin is and what it has done since its birth? Do not be scared that bitcoin will not recover unless you are not ready to invest in it.

Just a slight correction in the price of bitcoin you are already scared and thinking of diversifying.

Yes i did. Let me put it this way. Not only bitcoin is being hold in the ETF they have various assets like the MSTR which has significant potential as Bitcoin. What actually happens is that money were gradually swapped from pure Bitcoin to ETF holdings. The plan was to take small profit by closing the market in a short while, perhaps they delayed that is what may have cause the bitcoin market to see some crash while the MSTR gets high. It would be a bad idea if the ETF buy high now becuase it will affect the market to dip more and more after the mistake were made. Although it wont go below 60k for now.

Some investors looked for buy DIP price when Bitcoin was at $40k or $50k. But they waited for more DIP price.Those investors regretted not being able to buy Bitcoin when its price gradually increased to $60k. In fact many people are still looking for its DIP, if you are interested in investing in Bitcoin, I would say now is the time.... Bull run is waiting ahead, If you don't buy now, you might regret it later. Because Bitcoin can give you the chance to be much more profitable. And during the upcoming halving it is likely to be priced at $85k....
Compared to that time, it's price now on DIP.

In as much as you see newly investors like me or other investors accumulate now doesn't mean the market has no dip, like what JJG will always say "The best time to buy bitcoin was yesterday the second best time to buy is today" this statement just implies buying bitcoin is not too late, that's why I care less about the dip.

Not every investor will go for altcoins when it comes to diversification of assets. No one can really force you to go for an asset when it comes to your investment choice but everyone have their different choice to make, firstly before considering diversification of assets you should consider some common factors before diversification

Yes I agree with you, the market has presented another opportunity for people to get in at lower prices. There is no point waiting till the bottom is reach because it is nearly impossible to know where the bottom will be. A drop in price of over $10,000 is a good discount and even those using DCA can take advantage of this drop in price to accumulate more Bitcoin.

I have not read about that anywhere and it makes me wonder what the rationale behind that will be. Does it mean they believe that the market will continue to go in one direction without correction? I saw this response by Lucius in one of the thread where impact of interest rate was being discussed. In that response, he mentioned that investors lost crypto futures suffered a loss of over $800 million. I think what this mean is that when investors begin to liquidate aggressively, the total amount liquidated is regarded as loss to the entire value of the assets when market was surging. This is the only explanation I can come up with

The DCA method is not the only way people get success in Bitcoin investment. It is just one of the ways of buying Bitcoin. You cannot tell me that big players like MicroStrategy that never used the DCA method are not successful. Any method of buying Bitcoin can lead to success, what matter is how well you are able to hold your Bitcoin.

Yes, this drop is a good opportunity to collect more Bitcoins, including DCA packs. Because this is the best opportunity to increase purchasing in large quantities, and I personally will try and try to buy quite a large amount because currently there is a discount that I think I shouldn't waste. And I will normalize my periodic purchases when the Bitcoin price rises again.
Since I make regular weekly Bitcoin purchases of %15 and also monthly purchases that I increase to 25% each month of my monthly salary, I will increase my weekly purchases by 25% during this down market and increase my monthly purchases by 40%-50 % if this decrease occurs until the end of this month or next.
And this is the best moment that I shouldn't miss because the halving is only a few days away and it is possible that after the halving Bitcoin will rise again and continue to rise.

Is a very bad idea to choose Altcoins as a method of diversification because is not safe concerning the risk involved, however if I may ask why would you choose Altcoins as an alternative? Or is it the possible profits you feel you could realize from it?, actually the earlier you remove Altcoins as an alternative the better for you, however one thing you most understand about Bitcoin is that holding is the only way to see more tangible returns in the future, also it seems that you don't really understand much about the potential of Bitcoin because if you do you wouldn't have seen holding as a difficult thing for you.

However in terms of knowing if actually there is a season Bitcoin price dip, for me I don't think there is a season for that but rather when the price is having some correction that's when it could be called a dip because one thing you should also understand is that there is no way the Bitcoin price will keep continue going up without having some consolidation or retracement before peaking again.

I bet to disagree with you on this, sir.
DCA method is not the only way to become successful with your Bitcoin investment and I doubt everyone that's accumulating Bitcoin is doing so through the DCA methord. Everyone has the way he gets his fund and this plays a big role in determining the methord he uses in his accumulation. Let's say you hit a project that's worth $200k and decides to invest $150k into Bitcoin and the rest of the money goes into a business that will keep you going for the period you hold on to your Bitcoin investments. Does it mean that if you refused accumulating more with the use of the DCA methord you won't be successful? Not at all. Different Individuals applies different methord to buy Bitcoin but the target is all centered at making profit and becoming successful with your investment and whichever methord you choose to use, as long as you're able to accumulate more using that methord, you will still become successful with it.

Well, that's true, this week we saw a market change where Bitcoin fell to $62500 and of course this is a good move to continue buying and holding. Previously I also said that at this time a good choice is to use the DCA strategy in the investments we make because when the market situation is red we still have money to continue buying. But if they do it with a lump sum then they will never be able to take advantage of dips to accumulate Bitcoin.

But make no mistake, if they are able to manage their financial flows well then when price changes occur of course they will still have money to continue buying Bitcoin. Apart from that, one other example is of course that we must remain focused on our principles of sticking to it and not worrying in the current situation. Of course, true holders must have a strong mentality and be ready to continue buying when the Bitcoin price is correcting.

Yes we all understand that the profit one get from bitcoin investment is proportional to size of your bitcoin holding. We all have different people with different financial capacity, so anyone who is investing 10% or 20% of their monthly salary in bitcoin is better than those who are not are not investing. Don't underestimate the power of DCA especially when it for a very long time. So people investing 10 to 20% of their salary in bitcoin for retirement purpose stand a very big chance of getting something out of it. Some people have more than 20 to 30 years before their retirement. Do you know that many people missed out on bitcoin investment because they think that their available funds isn't enough to invest in bitcoin, whereas you can start your DCA with at any amount you have. What matters is consistency and holding period. So 10 to 20% of someone's monthly salary invested in bitcoin for retirement purposese is not a bad idea. We shouldn't discourage people simply because we think that their funds are not equivalent to ours. DCA exist for all income class to invest in bitcoin.

I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors. 

Yes, for those of you who have been waiting for the market to bottom out, the opportunity has arrived. Those who have not invested yet should invest in DCA method. If you wait for the price to drop further, the market may go up. So it is best that you invest following the DCA method.

Those of you who bought high priced Bitcoins will not be disappointed to see the market down. You too continue to invest in DCA method and hold for a long time, hopefully you can earn a lot of profit. No matter what price you buy in Bitcoin, if you hold it for a long time, you can definitely profit.

Bitcoin actually has the dip season, where the market value of bitcoin drops significantly, making it possible for investors that don't have the money to buy the previous high value to start buying and accumulating.

Whenever you have the resource to begin your bitcoin investment journey, is not the same as dip, you can actually start investing let's say when the price was $49k, and after few weeks it moved for $53k,  that simply means you started investing when you had the money, and so far you've made profit of $4k and that's because you've held on for weeks.
However buying the dip requires you to have invested when the price was a bit lower let say $30k or even lower, and you start purchasing little by little using the DCA method.

Altcoins are just what they are known for, alternative coins. they cannot be trusted with long time investment, even when some of them tends to appear with some high market value at a particular period of time, suddenly before you will say Jack, they are no where to be found.

Now is basically a good time to invest because Bitcoin has turned from bullish to current lows. The Original Bitcoin Dip is currently ongoing, so it's a good opportunity for those who have saved up to buy the dip. Because investing in Bitcoin now will get you more Bitcoin, so invest DCA in Bitcoin regularly.

I have not heard something like that, but I will do some research on it to know for myself. Anyone who has been around bitcoin will not be worried about the little dip in the price; he or she will use the opportunity to accumulate more bitcoin at a low price before it rises again. For those who have kept money to buy the bitcoin dip, this is an opportunity to do so.

Bitcoin do have times that can be regarded as dip and that is when price retraces after moving upward to some degree. For instance, the price of bitcoin is at about $63k now after rising as high as $73k. A $10k drop can be regarded as a dip and a nice time for those who buy the dip to get more bitcoin at prices lower than the high it has created.

It is wrong to call buying altcoins diversification. This is a mistake that many people have made in the past and end up regretting. Bitcoin has all it takes to earn you the money you need and holding bitcoin is fine if you are not overwhelmed by greed. I took time to check all the altcoins that are being created and launched in the best of CEX exchanges recently, what they are doing is pure market manipulation where price pump today and dump very hard tomorrow, not giving people much opportunity to plan and hold for long. Those who have the mindset of diversification in this coins will end up losing their monies, this make the entire thing worse than gambling.

If you are lucky to know about bitcoin and how beneficial it is holding it for long, you should not think twice about starting your bitcoin journey and see how happy and proud you will be with yourself in few years time.

Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.

While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.