Topic: Buy the DIP, and HODL! - page 285. (Read 123809 times)

Taking profit from your investment is good, and actually suggested so you can re-invest those profits into another asset. BUT in a new asset class such Bitcoin, I would discourage anyone from taking profit in any price under six digits. Why? Because we haven't truly seen its real value financially, and its REAL value socially and politically.

There were people warning us that Legacy Finance is coming, and they came. I believe there will be some people that will warn us that the Government is coming, not to ban Bitcoin but to BUY, and they will come. Russia is probably buying Bitcoin right now.

Boss! You have given your answer and I want to some opinion that-
It would be frustrated if missing out an opportunity about buying BTC at a lower prices and regrets in financial decision. some of the people might be panic if they selling right now, but now the right time to start full-fill your wallet and build up your portfolio for buying BTC. I might be believe this is the right time to continue to DCA the line, HOLD and believing the rewarded history and you will be reward in coming future.

ohhh thanks by the way for the awareness I have done some editing to correct the mistake to the  right word I was planning to use.  Yeah procastinating in such opportunity won't do any good , This time around you don't need any one to sit you down telling you to invest in Bitcoin and all that. Bitcoin as already proven itself worthy of being a great investment, bitcoin started From the price range of $0.0008/ pet token in the year 2010 . Now go to CMC and check the recent price of bitcoin then you know that Bitcoin is truly an apex investment just as promise444c5 called it.

Edited:

taking profit from your investment is not bad but still depends on the quantity of bitcoin you have accumulated. So in a scenario whereby a newbie started his journey of accumulating bitcoin, and he or she haven't gotten to anywhere with Their accumulation (have low quantity in their portfolio) and started taking profit from their investment expecially for those who are planning for long-term holding . They doing so in taking profit from their investment in any increase in price of bitcoin. Shows that they lack principles in their investment, because that action may only result to slow growth of their portfolio. But as some one who have gotten far with us accummulation like holding from 4-5 yrs and above can start taken profit from their investment not those that just started their accumulation journey .

I've tried to understand what he's said. And I think he's pointing about selling at high price and never able to buy back at a low price.

I am not sure with that but I try to comprehend as well what he said. Whether we sell at a not so high price but we're able to profit from it. It doesn't matter how long someone has to wait for him to buy back.

It's not bad to take profits, actually we have to take profits whenever we can because that's the goal of everyone why we invest.

I don't understand what you mean that taking profits from your Bitcoin investment is bad neither do I understand how that is related to gambling. Are you suggesting that one should never sell Bitcoin? Why do I sense insincerity in your statement? Does it mean you don't plan to sell some of your Bitcoin at some point in the future?

I don't agree with you that taking profits is bad and same as gambling. Bitcoin was created to be a medium of exchange even though we have seen that holding it will make it appreciate in value as with every important assets. Selling is just part of what makes Bitcoin what it is and at some point, one gave to sell some of his stash to be able to enjoy his Bitcoin.

I made a little correction  on your post and its  a good one. By now you understand better how it works and I believe  everyone  that read this should understand  that each day you keep  on procrastinating  or pulling back reduces your chance of getting to witness  a nice ROI for once investment . Bitcoin isn't  the only investment  out there but the fact it gives you the power of having  total control of your investment  makes it an apex and supreme  over other form of investment

During late 2022 bitcoin experience a dip in price around $15k . And I had the chance to buy back then when the price was still low, guess what I didn't. Till now still regretting that shit , I guess was because I didn't have proper knowledge concerning bitcoin and investing in it , may be now I would have gotten some good stash of bitcoin in my portfolio now . Even using DCAing with amount as low as $10 to be accumulating after buying some good quantity that time . That would have given more advantage as an early Investor. But still starting now would also give you that same advantage in a long run, because during that period bitcoin price range was around $15k alot of investors would have also have sane mindset, thinking that he or she didn't start investing early or they didn't start investing the right time. But now check bitcoin price m, it's around the price range of $62k . Now would those investors still have that mindset nahhhh. But some might have sold theirs early due to short-term (regretting) profit while some keep holding for long-term profit,(having good principles). So those that haven't invested in bitcoin I think now still a good time to start your bitcoin accumulation, you can actually start accumulating bitcoin with the amount as low as $10 . Maybe as time goes on seeing the beauty of bitcoin clearly you can start accumulating aggressively.

When to sell Bitcoin will be the decision of each investor because those who know when they sell their Bitcoin. Maybe someone sells bitcoin at the current price but they only sell a little bitcoin to take advantage. But there are still many investors who still hold their Bitcoin because they think the price of Bitcoin will make his new ATH. When the price of Bitcoin reaches its new ATH price, they will sell the Bitcoin.

But the question is how much is the price of the new ATH because no one knows for sure. For this reason, each investor must be wise if they want to sell their bitcoin. They should have started determining the selling price so that they don't miss out if they want to sell the bitcoin. After Bitcoin reaches its new ATH price, no one knows when the price of Bitcoin will experience more correction. We also don't know if the price will return to $25K- $30k as its lowest price because the lowest price of Bitcoin yesterday was at $15K- $17K, which many of us did not expect.

Who knows, the lowest price of Bitcoin can return to the price of $ 25K- $30k so that it provides an opportunity for investors who have sold their Bitcoin at the price of their new ATH to be able to buy more Bitcoin. The new ATH price for Bitcoin is likely to reach more than $ 100K and can even be higher than that price.

Selling our bitcoin too early would surely lead to regrets especially when we are never able to buy back bitcoin at that same price we did as when we bought it, many person's are talking about taking profits even some early investors that I know that I started with and I'm like how many bitcoins have you accumulated that you feel you are on the right for taking profits, the truth is many of them came in for the profits and never had any intention of staying or holding bitcoin for a longer term.

At times it is very possible that bitcoin would never go back to former prices and those who were opportunited to have some early bitcoin that they got at a price if 25-30k earlier this year and decides to sell this bull run might never be able to see the likes of bitcoin in those price range ever again and would have to get it at a even higher price, to me if you haven't accumulated up to 5 years you should not be think of selling or taking profits the plan is to allow as much compounding value effect on your portfolio as possible.

The earlier you invest, the more likely it is for you to buy at a low price. Imagine an early bitcoin investor or someone who bought at $16k in 2022, I'm sure they would have gotten 4x returns if they were really able to manage their psychology when the market fluctuated highly. Of course it is true that patience is the key to success in investing, but patience alone is not enough. You need to be able to build an investment portfolio well and adjust it when things don't go according to plan, so patience alone is never enough in investing.

In making the best profits in bitcoin it is in a long term period of investment and not in short term. There's no comparison that can equate the profits of a long term hodler and that of a short term even though the short term hodler decides to do a lump sum within the ahort term. For instance Mr. X  and Mr.Y owns 1btc each 4 years ago, and after two years Mr.X decides to sell due to the profit that has been made while Mr Y keeps holding till date even to the future, the both investor's profits can't be compared as he who's still holding for a long term will be in the best profit position.

Therefore, profit making in bitcoin investment isn't just about how much you invest in but how long you hodl would determine the maturity of your investment which will in turn determine your profiting amount.

In investing in Bitcoin, all you need is patience. And it is a fact that people who patiently wait for them are the ones who achieve great success in investing in bitcoin. People who are always filled with worry of course will never achieve success in investing in Bitcoin. In their investment journey, those who use the lump sum purchase method are not wrong because if they buy large amounts in 2022, they will now have succeeded in reaping big profits and this is just a comparison. Rest assured those who bought in 2022 will not sell their BTC in the near future because I believe they are big investors who have seen great potential in Bitcoin in the future. For beginners or those who have been in Bitcoin for a long time, you all have to be confident in what you are doing. Just buy bitcoins and start holding them for the long term.

Success is not measured from the start of the investment you make, but it will come by itself without you realizing it at some point in the future. So start building your Portfolio with Bitcoin and deploy your money in several phases to maintain the opportunity to buy aggressively when the price drops. I'm also happy and the reason is because BTC has almost reached a new ATH. For this reason, a journey that requires a lot of patience will bear fruit in the future and it all belongs to those who are able to Holding it in the long term.

It is short term if you decide to sell.  Bitcoin can be whatever you like, and if you sell too much too soon, you might have wished that you had treated your investment into bitcoin as long term instead of short term.

Let's take a longer term example.  Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k.  So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right?  He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.


That is not true.  With DCA you might end up spending way more on your bitcoin and even paying way more per coin, but with DCA you are likely able to accumulate way more BTC over a longer period of time than you would have been able to if you had tried to lump sum or even to try to strategize by waiting to buy.  So DCA helps you to potentially invest into BTC more aggressively over a longer period of time, and even if it might cost you more, you still may end up with more options, especially if you might front load your investment or you might be able to allow for the passage of several cycles.


The person has discretion how to do it, and surely could divide it into 3 parts of DCA, lump sum and buying on dip, and of course, he might allocate more to the lump sum portion.  Most people do not have lump sums available like that, but if they do, then they should at least consider the three categories, and they may well end up front loading their investment in times like this, but they still might want to hold some back for DCA and buying on dip, in the event that they do not have other cashflow in order to buy in case the BTC price turns against them after buying at these current prices.

That why those who are only focusing on the profit they would make in their short-term trade would eventually endup with regretting in a long run. Even if you want to use such to be making some extra funds always make sure you have actually stash some good quantity of bitcoin in your portfolio, so that you won't endup missing this golden opportunity in investing in bitcoin.

I remember when I was focusing on such method only thinking it would help me to build good financial status, the worse thing that I was using it in some shitcoins that seem promising at first but the end turn out to be waste of time. Then I decided to take a new turn lucky fore in finding some nice forum with such wonderful threads. So since then I was opportune to learn from such knowledgeable user like @JayJuanGee and the others about holding bitcoin. And lately those knowledge has been pretty much helpful to me and won't stop appreciating the impaction of this forum through the users.

Before I forget @makus your reply is nice and inspiring too, yeah we would try our best to hold and to pass Bitcoin to our next generation showing them the beauty of investing in bitcoin. And hopefully when that time come we would be indeed appreciated  

Yeah it's true those who invest in short terms also get profits from Bitcoin, those who invested immediately after the ETF approval can withdraw their profits and call that a short term investment . But the fact still remains that those who invest for long term always do better than those using the short term Investment plan. When using short term investment in you are likely to miss lots of profit because your mind would be fixed at buying the dip and selling after a minor increase, which would be a loss it you compare with long term holding.

In my opinion, short term trade in Bitcoin are just your excuse to explain to your next generation how you managed to waste all the opportunity that came your way with short term trade, in fact short term trade clearly explain how indiscipline you are to wait and reap a bountiful harvest. Those of us who plans to pass Bitcoin to our next generation are strictly holding because when that time comes we would be appreciated as those who used the opportunity with wisdom.

Our investment profits is expected to be taken back into the investment capital in other to make it grow more bigger, when we are taking the profits out of the investment, this means that we are going to run short whenever there's poor market performance that we loose from the investment capital, so we have to learn by growing our business through our investment capital and profits altogether, this will only prepare us ahead of the uncertainty times when things failed to occur the usual way for us to make profits, at least we will have something to cover up with from the previous earnings over the investment.

those who are finding their daily bread in their investment are traders (day traders) while investors focus mainly on the future.  That why as an long-term investots you have to have good sources of income that help preventing you from depending on your investment, but to help you in building a good and smooth investment.


exactly craping from your investment always is not actually smart, you can do such if you know that you have gotten far with your bitcoin accummulation like hitting a certain goals in your accummulation. But if you have still new you accumulating like you haven't gotten that much stash in your portfolio, it would reduce the chances of you making good profits, just as you guys said your profits making depends on the bitcoins you have stash in your portfolio.

Taking profit from your bitcoin investment is bad. It is the same thing as gambling because if you sell your bitcoin at a high price, you will need to wait for the bitcoin price to drop to a certain price before you can buy it back. But if the bitcoin price keeps going high, FOMO can make you lump sum on bitcoin so that you will not miss out or you end up losing hope of buying back because the bitcoin price is too high.

Any investment is risky and an investor is responsible for his own profit and loss. But an investor must first be convinced of why Bitcoin is worth holding and why Bitcoin will be a source of great wealth in the long term. I totally agree with what you said.  If you give up your bitcoins for a small profit, you will regret it at some point. Depending on the probability there is no option to hold Bitcoin at this time. Even when Bitcoin reaches $100k I can say that those who are doing DCA should continue. Bitcoin has gained 47% in the last 30 days. So if Bitcoin take another bullish segment will likely cause many investors to exceed that buying limit. So one should hold as much Bitcoin as possible with a long-term plan. It is best to continue investing with DCA.

Is a long-term investor wrong for seeing a short-term dip as an especially good buying opportunity?

If a long-term investor has $100k cash to invest from say, selling a boat, and we're where we are now, will that investor be better off DCA'ing 5k every month for 20 months, or is that person better off buying $100k over a shorter time period?