Topic: Buy the DIP, and HODL! - page 281. (Read 136573 times)

Is only those who did not understand the potential of Bitcoin will sell their Bitcoin because of this little consolidation the Bitcoin price is facing right now however irrespective of how potential Bitcoin price is doesn't mean that it will just move directly to the intended price without going through some ups and downs, however I see no reason why holders should even dwell on that because their focus and target should always be on the future and not the current price movement.

However like you mentioned for those that was looking for price dip before starting their accumulation perhaps this is the right moment for them to utilize the opportunity and start investing on Bitcoin because nobody knows what the next move of Bitcoin will be and considering the previous movement months ago it will be massive when is ready to move so this is actually the  right moment to accumulate so that it will not become a regret at the end.

Getting started because of the dip is not a bad entry into BTC. If they have conducted their personal research on the assets they already new they have missed good opportunities to enter the market before the halving. No doubt, many investors trooped into Bitcoin investment because of the historical cycle data behind the halving period which is quite impressive. For starters like them 20-30% extra buy into the dip is very encouraging but for old-timers continuous DCA approach is what is needed, they could as well take the dip as an opportunity to add some extra fractions if there are more disposable income to spare.

While Bitcoin dips for some time now it is god to buy. It hits some bottom by going to the range of 62k and might even go below. Although it is not right to throw all our cash into it because we feel it is the bottom and that is what most starters would fail to put into consideration. Supposedly that was the bottom the many were looking for it could go below more. If we want to buy the dip we can as well use a DCA strategy to buy the dip. Like using a certain percentage of cash we kept to  buy the dip to buy it gradually every week until we have completely buy. Who knows we may buy at a more dipper dip price, uh you know what i mean!

When I saw this it burst my brain as the long awaiting opportunity is once again been offered because for me this come unexpected I never thought it could come down now my cry is that I have not save enough money to accumulate the number I want to buy but that is not the case I think I need buy the one my hand can afford now. What make it more encouraging is that the DCA is already in place though I have it at the back of my mind never as shock as such occurrence may be inevitable but just that at once target is not meet that where it affects my emotion, notwithstanding not an excuse that one can't invest within my reach at this point in time .

Their is nothing to fear about because even in the bull season there will be some dips, these dips is a time for people to get opportunity to buy bitcoin. Before this recent dip their was a time the price of bitcoin drop drop just like this and for those who were having plans to buy bitcoin but could not afford it then, this time is another time to buy bitcoin. No need fear for hodling Bitcoin,  before bitcoin got to this price their have been a dip. The dip we see right now is nothing new to make anybody to be in panic.

In the bull season bitcoin is still volatile,  their will be little dips. Don't let the little dips you see make you not to reach your target. When the price of bitcoin increase to certain amount it is not certain it will keep on increasing,  their might be a dip then it comes up again. This is dips is always an opportunity for people to buy. The price of bitcoin will increase beyond what it is right now , no need to sell out especially for those who just bought bitcoin.

I have seen a lot of you assuming too much, but I will captivate on this two quotes above. The statement here is quite vague because their are no proves and/or evidence to the statements that newbies will be selling their coins as a result of the little dips in the market. So times I like to be sceptical and rational in thinking because it helps to widen and sharpen people's perspective in a course.

From the news that was speculated to be the result of the little dips we saw in the market some hours ago, I believe it's not just only newbies selling their coins, it could be anyone as long as their is panic. Even experienced people sometimes do not have the patience to stay for long, meanwhile some newbies could still stay longer than the OGs in some situations, so that I'm saying in essence is let's not captive it on newbies only because there is no solid evidence that shows that it's newbies that would be selling their coins as a result of the volatile market.

You are actually right on the part that most newbies will have likely sold their holdings out of fear, that Bitcoin cannot recover it previous value, but on the aspect of buying, I really do think that every time is an opportunity to buy Bitcoin, as long as you are using the DCA accumulating strategy, because you will at some point buy the lowest part of the dip in your accumulating journey, which will be a major plus to you, though most people sees this deep as an opportunity to buy aggressively, which is quite logical, but to me, it's very good opportunity to buy aggressively during the dip also, as long as it doesn't affect my ability to finance my day to day activities without stress, and it doesn't weakens my holding ability on the longer run.

This is where the problem comes in for those who usually say they are waiting for the dip before they buy. Now the dip is here, but you won't see them buying. Rather they will be scared to enter the market, reason being that they are still waiting for more dip. Something is telling them to hold on for a while that the dip will still dip further and before you know it the market will take a positive turn again and this set of people will miss out also. So when some folks talks about waiting for the dip before they buy I don't place much attention to that. Those in the waiting camp your time has come, but guess you guys are still waiting for more right? Lol...

We have learnt on the need for us not to panic even at a deep dip so far as we are holding for long term and the right way to approach our investments and strategies to back it up in the long run so there's no need to panic when the price of Bitcoin is falling because basically, as a long term hodler if the price of Bitcoin dips too much, that means an advantage to buy more at that period and if you are using the DCA, you lump sum in other to acquire more at a significant dip. It is not even advisable for a long term hodler to target every halving to sell their Bitcoins, they can HODL even for decades depending on your endurance limit but the more you endure your investment, the more profits you are likely to gain.

Your statement is just similar to that of Mate2237, both of you are saying almost thesame thing. But that not withstanding it is good to take advantage of any dip in the market. Whenever people that have reserved fund buy on dip, it gives them joy because the dip helps dem accumulate more and more taking advantage of the it. That is the reason of having a reserved fund, because only those that have reserved fund can participate in the dip and hold process. One fascinating thing about cryptocurrency (bitcoin) is just the volatility. The more I hear more about bitcoin the more I love Bitcoin the more. and I see more potential in Bitcoin. and that is the reason why centralized financial institutions like banks are kicking against it. because it is the opposite side of what other centralised financial institutions are not.
For example When we talk about saving in the bank, you can't save money in the bank for as long as 10 to 15years and yet expect your money in the bank to be volitille  as Bitcoin. or expecting to hold notes for long and hoping for a greater return. Rather your fund will experience devaluation. Another most important thing about decentralized system compeard to local banking system   is that you have total control of your assets in just a single non custodial wallet which you don't need to do any written agreement with a third party.

Nowadays people find it difficult to access the Wealth stacked in the bank by their parents after the departure of their parents. Sometimes next of kin don't have access or signatory their parents Account and it causes controversies in time of claims sometimes it leads to issues leading to court and a hole lot of drama, but with accumulating through DCA or dip and HODL, you are securing wealth for your future and that of your children and may not even need a written document to prove next of kin, but your private key is your will to your children or personal bank that can be accessed without stress by just having the key. Though my statement might look wired or a little bit more off topic from the intended thread but just trying to explain the importance of Bitcoin holding and it's important also the benefits.

The price of Bitcoin is constantly changing, sometimes its price is pumped up and sometimes it is dumped.  But no one can guarantee the correct prediction, so no one can say which price will dip for Bitcoin, so whether the price of Bitcoin goes up or down, you should always invest in Bitcoin by following the DCA method.  Everything will be normal.  But if one has enough money and risk taking capacity then he can invest in Bitcoin during any kind of dumping as per his ability.

People who are apathetic about their investments may panic and sell their investments when the price of Bitcoin falls. But I think those who post regularly in this thread and read the posts here regularly will never be careless about their investment because this thread has a lot of specifics on how to grow your bitcoin investment how to hold it or when it's good for you to sell it. mentionedDone many times. DIP is not the best time to sell bitcoin investment but you can sell your bitcoin investment during bullish season if you want to reach your specific goal. DIP gives you more opportunities to buy bitcoin Now that time has come, now anyone can buy bitcoin with their money and keep it for long term investment. If anyone wants to take advantage of the bullish season after the bitcoin halving then they should buy bitcoin now because the price of bitcoin is low enough to buy bitcoin now.

The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.

For sure, if you know that your timeline is already pretty long.. maybe 10, 15 years or even longer, then you will be glad to be able to buy some cheaper corn, even though you cannot know if it is going to keep dipping for some time, but then your cashflow ONLY comes in so fast too.. so some guys might be buying every week and then maybe even trying to time their weekly buys for the dipping periods during the week, like the one we had today.... and maybe some guys might get mad because they already bought their weekly buys during the dip from $73k to $68k, so then when we get extra dip, then there might not be much if any spare money to buy more dip, unless the dip might last long enough for the next paycheck to come in and maybe the dip will last long enough, and maybe it won't... ..

For me, even though I sometimes get annoyed by newbies cheering for the dip, yet it still makes sense, and it makes more sense the earlier any of us is in our BTC accumulation to be getting excited about BTC price dips, without even necessarily cheering for them.  There is just happiness to be able to have the opportunity to build the BTC stack a little bit more (even though maybe it is ONLY 5-10% more.. or maybe if it keeps dipping then we get into 20% or more territories, and so far this dip from the top to the bottom is right around 16.5%, which is not a bad dip. 

For me, since I like to call my average costs per BTC as around $1k-ish, it does not make a whole hell of a lot of difference to have BTC in 61x profits versus 73x profits versus potentially 55x profits or maybe 85x profits.  Sure, the higher numbers are nice, but I am not as materially affected as guys who are relatively early in their BTC stacking journey and who might be trying to get as much bang for their buck in terms of ongoing accumulation and feeling some bonuses when being able to buy dips. 


Overall, I agree with your point avp2306.  For long term investors, they just keep buying BTC, and there might be some folks who are stimulated to get started in BTC because of the dip, but if they are a long term investor, whether there is a dip or not should not make very much difference, even though it can feel a little bit better to try to keep your average cost per BTC down - even though it is probably not going to make as much of a difference to be getting worked up about how much BTC is costing you, versus just ongoingly staying persistent in terms of stacking BTC, so that down the road.. whether it is 4-10 years or longer or some other timeline, there may well be decently good chances, that the amount of stacking is going to end up having some kind of a feeling of a reward - so long as they guy is able to keep his coins and not lose them.. which there might be some mistakes along the way too, but if the stack is mostly building and likely to continue to appreciate in value, there's likely going to be better feelings about the BTC having had provided additional options that would have otherwise not been available. 


Ultimately, people can do what they like, but there are a lot of things going on that are putting a lot of upwards pressures on the BTC price, so it seems crazy if anyone who is either a low coiner or a no coiner would be either shaken out of his coins or stop buying or even worse sell coins in these kind of times.... so yeah, who knows if the BTC price will correct some more and who knows if there are going to be some folks selling their coins, even those in ETFs, which seems that the ETF holders would be a lot more sticky, especially since they largely have just been entering BTC in recent times, so it would not be very likely that too many of them would be shaken very easily.. but who knows?  we have to see the data and anticipate that there still is a lot of ongoing new buying pressures, even though for some reason we are getting some short term selling that might be trying to shake out the weak hands or even scare the newbies from buying as consistently and aggressively as they should be.

Correction and near of halving days are a time to buy dips for Bitcoin investors, though it requires extra attention. The tendency to hold bitcoins during market upswings even adds to your growth with increasing attention to DCA. During this time you may go through mental exam every day and your blood pressure may fluctuate with the price of Bitcoin. Proper use of money and investment is very important. However, it is not uncommon for prices to fluctuate before a bull run. But especially during this time it is important to be aggressive and hold on to the trend of buying dips.

Should be happy if you are a trader and want to catch the dip, but for accumulators maybe there's few joy in their mind since they can accumulate at that rate but for sure this is not will be the case since whatever figures they see in the market they would buy since they are not for short term but rather accumulate their BTC for long term.

But anyways for other who always use the reason about the pump or its stays at certain level like $70k+ at price that's why they afraid to accumulate then this is a good time for them to start their accumulation journey since we already experiencing a good correction now. If people will make another reason that they are again afraid because they think that it will dump more then I guess they are not totally ready so maybe they should start over again then seek for more better knowledge since that feeling indicate that they don't have any strong belief on bitcoin.

Everyone of us should be extremely happy to catch this correction,  for some days now the fluctuations in the market(specifically Bitcoin) has been on a high level, so for we to experience something like this should not be a very big shock, it may even drop below this $62k value. Assuming it to drop below this price doesn't stop anyone to invest now, all assumed might end up false and would miss this entry price, this should show the advantages of Dcaing, getting very lucky to buy at different prices even lower and lower as we are yet to experience the halving talk more of expecting the massive bull run. We are safe to DCA now even more aggressive than before since we are in the DIP and may not last for too long.

to be honest am kinda exciting, back then I don't have much knowledge about this space I would have sold my coin due to panicking. But now all I could say is buy the dippppppp   . There's no need to panic, because selling now is never an option just keep buying , and now mempool congested which shows that alot of folks are withdrawing or selling their coins due to panicky. But for me this is just an opportunity to get my self some nice quantities of bitcoin, my reserve funds is in action 

Bitcoin just came to $62k today and this is one of the time to buy again before the All Time High. And I don't think bitcoin will hit $50k before the halving or within the halving.  Many people could not buy recently because of the high price of bitcoin and they were waiting for the price to go down and now the price has gone down and this one of the opportunity to buy and wait for the next dip again. If you are not a whale investor then buying with the DCA to accumulate them. And it is only those who has enough cash can buy them plenty at once.

Always observe the market and make your purchasion.

And so we have a bloodbath this Saturday, Lol,



But if there is the meaning of this thread, then this is it guys, everything is down so we should buy the DIP, this could be the last leg, as we are getting closer to the halving date. Last shot and final attempt to multiply and accumulate BTC before it goes on a parabolic rise after the halving.

Odohu your point is clear over this argument as that speaks volume in my heart, I can't say that one don't need border when using the DCA strategy but in this case it's extremely advantageous to we the user of the DCA as opportunity to ease the stress involved why evaluating dip in every point inorder to know when it will suits your investment, DCA has cut off this high level of evaluation. All one just need is how to keep or double it's investment and continue in the holding by considering the fact that the rise or Fall may not have much direct impact until duration or expected year of selling is reached.