Topic: Buy the DIP, and HODL! - page 280. (Read 123809 times)

There's time for that investment but people should not put their focus on shit coins since there's a lot of chance that they lose their money their instead of gaining since usually we know it will just end up as scam.

Much better for them if they put all their efforts to accumulate and hold bitcoin since we all know that future is good and there's more chance for them to earn. Perfect example is current happening with bitcoin since if they bough their balances on past few years where the price is so affordable for them to grab. For sure at the moment they are at bullish condition and can able to decide if they can sell or continue to hodl then wait for more months or years.

This is exactly what I was discussing with one of my good friends few days ago I was trying to educate them the little I know about crypto currencies but my major concern was telling them about bitcoin one of them asked me exactly this question "what if the bitcoin start going downhill hope it is advisable for them to withdraw immediately?"....

Now here my answer comes in I told them that once tlyou investment in bitcoin and you startes making progress and profit and at a long run bitcoin now have a downtrend I told them not to panic or shiver because this is part of market that businesses goes up and down sometimes you don't have to panic in any way only to do is to relax don't be quick in withdrawal because that's where the knowledge of an investor is properly harnessed there's even a high tendency for you to make a huge profit after the downtrend unlike the once you have been making already even you withdrew during the downtrend without exercise patience you will definitely have a big loss because the dip loss reduction even your previously made profit and also the loss might dip into your capital if time is not taken and then when you make the withdrawal you have loss already.......

That is why it necessary for you to wait and seek for advice and also before you start bitcoin investment try to be knowledgeable about it aloa have a few good friends/mentor who will keep guiding all through your investment believe me if you can have patience within that period of downtrend there will definitely benefit which will come from the uptrend......

    I hope you all read to understand my humble opinion thanks 🙏👍

This is where knowledge and experience play a great role. An average person who's just all about seeing that his investment yields profit would normally tense up whenever he sees anything that looks like a loss even though it's a temporary downside. For someone that's already in the market, they already know that volatility is an integral nature of bitcoin and regardless of the trend of the volatility, you can actually use it to your advantage.

While some people get tensed up during the bearish period with regards to their investment not yielding profit momentarily, it's actually the best season for others as they normally use that period for major accumulation and building of their portfolio. As an investor, it's necessary not to panic at all whenever the market is at the DIP  rather, it should be the period to buy more so during  the bullish season, you don't necessarily need to stay long in the market before having your desired profit.

My suggestion of a thousand dollar or few thousand dollar investment per week by his boss is based on the peculiarity of his case. From what he said, his boss was reluctant to invest in Bitcoin for reasons best known to him, hence my reason for suggesting he start with less than 1% of his capital. Overtime this will show him the beauty of building a Bitcoin portfolio with insignificant amount of money that could amount to something significant as time progresses. When he fully grasp what Bitcoin is and the opportunity it represent, he can then up the numbers out of personal conviction.

You are right and I see a lot of sense in what you said. As a business owner, he may not be that liquid as his funds are tied to the business. I think this also is in agreement with my suggestion of him starting with very little amount until he can own the investment process in Bitcoin, from there he can better plan his financial allocations in the future. My major concern is coming from the angle of him having his personal conviction rather than relying on recommendations of his employee.

It seems that many people are not even aware that Bitcoin created a new all time high this month. It surprises me a lot because this is not the first time I am seeing a comment suggesting that some people are not aware of it. Maybe they are expecting it after the halving.

Yes.  BTC prices can go in either direction, so it is good to have a 4-10 year timeline or longer for any investing into bitcoin that you do.


The same is true in 2015 and 2016 (the year of your forum registration)  Many folks probably considered $3k to $5k to be the top for the next few years, but we had a bit of an overshoot in 2017 to the upside and then to the downside correction that did not even come close to as low as the BTC price had been in 2015 and 2016... as we know the low in 2018 and even the quick correction in 2020, only got into the $3ks so $3k was not even breached and the second correction to $3,850 was merely as spike and the BTC price spent less than a couple weeks below $6k in 2020.


Usually any newbies could start out by considering anywhere between 5% and 25% as their target investment allocation to bitcoin, even though it could take a year or two to reach their target level of allocation, depending on how they go about it, even though right now it does not seem a good practice to spread out allocations timeline too far in the future, but those are matters of personal discretion.

By the way, some folks with millions of dollars of assets, might not be very liquid, so it could still take time to reallocate and to dedicate whatever might be his quasi-liquid investment portfolio into bitcoin, and sometimes business owners want to (or need to) stay a bit more liquid than some other folks.. depending on the nature of their business.


You must have your references incorrect, since we have already reached an ATH. 

I posted the below in this thread yesterday.

Although I try to discourage newbies/plebs like me from making the same mistake that I made before 2019, I believe it's debatable and it depends on your ability, knowledge, and absolute luck. Plus plebs should be sure that they're "trading" to outperform Bitcoin - and HODL their profits in Bitcoin - which is very VERY difficult to do.


There will be many "traders" who will have less units in Bitcoin than those who merely HODLed since 2023.

You are actually not afraid of Bitcoin investment because you now have an average knowledge of what Bitcoin investment is all about but have you considered the time when you were new into Bitcoin? Did you made an affirmative statement like this? So anyone who is new into Bitcoin investment would have this fear because they haven't gotten the adequate knowledge required to guide them and also enable them to invest without fear of how the market may turn out. Like for instance, most people invest on Bitcoin because they believe that the price would go higher, so in a situation where the price begins to dip instead of climbing high you see such investors panicking and wanting to sell their coins because they are afraid that the price may dip further of which their intentions of making that investment have been conquered but an investor who understands how the markets works wouldn't panic in times of dip because he knows too well that the price would come up again so you can now differentiate the reasons why some persons are afraid of investing in Bitcoin while some others are not scared at all because they have more experience.

Another factor that causes fear of investing is because, some persons must have been into wrong investment strategy in the past so they want to see results from others before they can be so sure about venturing into bitcoin investment because the success of others would now stand as a yardstick to them during their investment processes.

It's a waste of time and money to invest in shitcoin. But probably many of us had an experienced investing in this kind of coin when we're just starting. Because of our greed to profit and just going with the flow on what's the current trend. But what matter is, we learned from the past experiences and we became aware of what coins are worthy to hold.

Anyway, Bitcoin is already soaring high. I bet many of us here bought during bearish season (as i'm one of them). This is a slap for investors who have doubt before, but now eager to invest because they already want to join the ride and don't want to miss the opportunity.

lol thanks, then I would say you where pretty lucky not to invest in such projects, can you bear seeing your hard earn funds going down without any hope of it ever bouncing back (expecially in newly released shit coins) . I'm pretty sure you are aware that most shit coin are just pump and dump scheme, and as newbies in this space with a funny mindset of thinking one can  get rich overnight after seeing alot of people showing off their wins they made from investing in some shitcoins through social media. And this as lead alot of newbies in making mistakes that caused them their hard earned money . Most time leaving a scar, affecting their confidence in investing. Those that started with investing in bitcoin are pretty lucky . Such people have strong faith and confidence in their bitcoin they are holding even take a look at the recent increase in price of bitcoin those that started investing on Bitcoin are already in good profit even those like us that even  claim that we didn't started our investing and holding on time and haven't  accumulated enough bitcoin in our portfolio Yet . Now imagine those that started around 2020, I don't want to even mentioned those that started around 2012 and are still holding till now , so there's nothing like investing in something that would give peace of mind and a good ROI like bitcoin.

I don't  know why I kinda hate it when someone  talks about shit coin  they are shitty and will keep on representing  their name.
It's even more had to know which is scam currently as they are masking behind the bullish market luring investors to dumb them.

I also started holding  BTC some few months back when I joined this forum  I knew about shitcoins though but I never invest in them .
Happy for you mate ( keep your keys safe )

IMO  I won't try to tell anyone not to be afraid, cause at the end of the day it's his choice and he would and must bear full responsibility for his actions and investment, what i would safely advice is for him to approach with a long term mindset and investment plan than to follow the current fomo of the bull run and try to take profits from it, as it stands now we can't predict anything off the market, although based on the few facts available to us we can safely speculate higher prices but we can't say bitcoin would reach this price or that is the highest point of bitcoin in this bull run, so the idea of short term investment is cancelled from anyone's plan.

Most of us are new here and taking profits should our least of worries right now cause the price us getting higher meaning we have no choice than to continue with our DCA buying irrespective of the price, to be sincere I can't wait for the bear cause as a beginner the bear market is my best case senerio untill I'm well equipped with bitcoin from up to 6 years of accumulation. I'm never said anyone should stop buying now cause you can't tell if this price would never be seen again.

So, it's better to invest with cold money that is not affected by our daily economy. So if the price of Bitcoin drops significantly, which is beyond our expectations, of course we are ready for all situations and don't experience depression or excessive stress. In the previous few pages of this in thread, there has been a lot of discussion about managing our cash flow as well as possible, so in this case of course I don't agree that they are worried about the investments they make.

First, you have to make a plan for your finances, where if you are able to invest with a budget of 5% of your income, then do that regularly in your investment journey.

Second, continue to focus on long-term expectations, where if we invest for our old age, don't think about taking short-term profits because that will disrupt our investment journey.

Start with a smaller amount to strengthen your mentality in every change in market conditions. If you are successful in doing so, there will be no worries within you.

As an investor you got to be flexible with your investment and also be ready or prepare for anything, market can go our way or go against Us sometimes (in terms of increase or decrease in price), so lately have been gathering some funds (for lumsump) for the upcoming bitcoin halving and same time continue my DCAing . Though I just started my bitcoin accumulating few months back , when I was busy wasting and risking my funds in some shit coin without getting any where. I've seen some great changes in my portfolio which as done well in inspiring me to keep driving in my bitcoin accumulating with  different strategies like DCAing. So this time around I just got to work hard in my bitcoin accumulation because I know that in a long run , my profit am going to yield is gonna  be massive.

For me there is nothing to fear about bitcoin investment. Bitcoin has been here for more than a decade. Besides what's the person afraid of? Fall in price that always rise up or bitcoin crashing, which is not possible. Well let the person keep being afraid and let those that are brave keep benefitting from it. By the time those that are afraid will wake up time has gone far. Some people were afraid to invest in bitcoin 5 years ago but today they are now investing in bitcoin, just imagine where they would have been today if they had started investing back then. One being afraid about bitcoin doesn't really change anything about bitcoin, that's just the fact.

Firstly, Bitcoin  is not a stable coin so it's subject to both Rise and Fall
Due to the volatile  nature of bitcoin , it hard to predict how far it could drop and at the same time Rise but what we know is it's  in an uptrend chart since 2011 so investors believe every dip( which you call decrease) is an opportunity  to get more coins because its still in an uptrend.
Along which the idea of DCA was taken into consideration  with this you can recover from a massive  drop as you won't  have to worry either the market is rising  or falling , average profit is realised over the time of DCA progresss

You are right needless to worry about the market or the price of bitcoin, because from the current price of bitcoin, and the way the price has being pumping recently, it shows that bitcoin price will reach above $150k, before the next circle will start. This shows that bitcoin is worth investing in and hodli for long, because as we can see the ETF approval have a good impact on the price of bitcoin pumping and who knows if there will still be some event that will take place in the futire that will be a good impact on bitcoin price to pump higher.

With the current price, I don't think that it is too expensive to invest as a someone who do not have any bitcoin yet, because even I am still DCAing till date, and I will continue to do that because in the next circle this price that we are seeing now might be the price that most people will see as a dip when the time comes. So this is why one need to get started or continue accumulating as long as you are in your accumulation stage. Only those who ha enough bitcoin in their portfolio can relax and watch the market with happiness because their investment is already in a huge profit.

The reason why people still ask questions like this is because they fail to understand what's bitcoin price fluctuation, as a newbie it's okay to get a little scared like when I first heard about bitcoin and investing, little did I know about the accumulating strategy and never wanting to pressure myself  when buying. My advice now is people asking same question always should read about bitcoin previous price during every halving instead of repeating same thing, although we can't compare the past to the present but it's obvious that the price of bitcoin will not decline. I Compared the price of bitcoin on leap day; during 2020 the price got to $8,717, 2024 leap day btc price got to $61,257, so it's certain bitcoin price will reach $100k this year, I have seen a lot of speculation about the price reaching $120k. If what inspired the question above about the price decreasing is fear and emotion it's best such person invest with care, I don't think anyone should invest with fear and emotion cause there's a way to deal with such when investing, fear should never be an option when investing in bitcoin the best here is know your accumulating strategy and hold properly.

Bitcoin reached very close to its last ATH, Bitcoin ATH of $69,044, and Bitcoin went as high as $68,912 in the last 24 hours ago. Bitcoin just failed to break its previous ATH high of $134. And currently the price of Bitcoin is $66,022.37. But I hope it happens very soon. I expect Bitcoin to break its previous ATH very soon.

How can you know that after the halving this year the price of Bitcoin will fall again? Meanwhile, the crypto market trend itself is still improving and there are no bad signs that Bitcoin prices will experience a decline. It is true that everyone cannot guarantee and guess accurately about the price conditions that will occur before or after the halving, but with market conditions that are still bullish like now, of course there is very little chance of experiencing a price decline except only a little. You can see in yesterday's example where the price of Bitcoin was also corrected after an increase in price on the same day.

For me I would say that there is no smartness trying to know if the price of Bitcoin is going to decrease or not if the income is there the next thing is to get fucking started and work other things out why you are already in the market. a no or low coiner that has the financial capacity to dive into the market shouldn't worry about Price fluctuations decrease or increase the dca strategy gives you the opportunity of buying at different price point by averaging your buying price at different intervals.