Topic: Buy the DIP, and HODL! - page 286. (Read 123809 times)

You should be more explicative when saying something like this. If you have a point, then prove it. Meanwhile, you are wrong, and this just isn't true in an absolute sense. Short-term investing involves investing for quick gains. This type of investment involves people who want short-term benefits. They are mostly seen researching and analyzing the market for short-term benefit; they wait for the perfect time that the price will go down before they can buy, and they also wait for the price to go up again so they can sell, and these patterns don't in any way contribute to long-term investment. Someone investing in the long term doesn't have to time the market; they don't have to do so much analysis rather than focus on a target of accumulation.

I see short-term investors as those looking for daily bread, while long-term investors are those with goals , targets, and financial visions. They can quit any form of enjoyment and merriment and bag lots of bitcoin because they believe that in the future they will be financially free when inflation and purchasing power catch up with those stacking fiat.

Apparently the topic of this thread says buy the dip and hodl, I haven't seen how our discussion here has been related to short term investment or trading unless you the one suggesting other wise. I don't mean to be rude but is best we stay on the track that is my point. Prioritizing long term investment has been the driving force behind the success of this thread.

Of course you are right, the size of your portfolio will determine what you get as profit. Long term profitability is for people who has enough bitcoin already accumulated. It's just like the saying goes, that the future belong to those who are prepared for it. Everybody is shouting bullrun, but not everyone will profit from it. Some people already started preparing for the upcoming bullrun 2 to 3 years ago and they have their bag well equipped, whereas some people who started their bitcoin journey 2 months or 3 months ago are also shouting bullrun and they will follow those who has been preparing for long and sell the little they have accumulated. If you're haven't been accumulating for more than 2 years minimum, you have no business talking about selling part of your bitcoin. Don't sell if you haven't accumulated enough.

things we do in the short term contribute to the things we do in the long term

I don't think what you are saying is necessary as it may contradict the concepts of this thread, short term investment is more more like trading which is aimed at maximizing profits within the shortest time frame and that is gambling with your investment, the topic of this thread is based on strategies of accumulating Bitcoin for long term purposes and not some trading short term investment, deviating from the main topic can be some worth contradictory, it is better to invest for a generational wealth than some Short term trading investment.

Accumulating bitcoin during the bear market does not mean you will not hold your bitcoin for the long term. Selling your bitcoin simply depends on how long you intend to hold your bitcoin and how much profit you will gain. The purpose of buying bitcoin during the bearish period is to accumulate bitcoin at a low rate so that you will quickly achieve the amount of bitcoin you want to hold.

I find this analysis too theoritical and might not be realistic for an average person to put into application.

Buying a whole Bitcoin at a time at the rate of $25k doesn't look like something an average person can do, how much do you earn that will give you that kind of savings? The reason why people prefer to continue buying using the DCA method is basically because it's almost impossible for most average investor to start thier accumulation journey with something close to 1BTC and so they set out an amount of Satoshi that they can comfortably work with and continue accumilating.

For someone that earns the range of $100 a week, he can decide to invest 30% of his earning if he can sustain himself with the remaining 70% and if he continues with this trend, it will take him around 834 weeks which is approximately 16 years to accumulate up to 1BTC at the rate of $25k. Those that are already financially strong and could afford to invest as high as $500 a week could attain thier desired target within a shorter period of time but it's not always about who is able to accimilate up to a a whole Bitcoin or not, every one has thier financial strength and it's only best we all stick with ours although the lower the amount invested through a routine DCA method,the longer it will take before the investment yields the desired profit
but the good thing is that even after you started with as low as $30 a week, if your finance grows, you can increase the amount you will be putting into your holding at your own pace and convinience

This is the wrong view of people regarding on situation since maybe they are looking at it on short time and think about its late to accumulate now since what they thought bitcoin price is so expensive for them. But if they look at on other perspective where they aim for long term for sure they can figure out that there's wide opportunities for long term holders and anytime they can execute this DCA method and be successful in future. Maybe they are lacking with deeper research so I guess they should read back the old discussion since for sure there are lot of thing they can learn from it. Although for newbie maybe they are not comfortable since as expected they are afraid for the dump but if they think for investment for sure that bitcoin can give them more good result if they hodl.

It is never too late for the DCA strategy. Some people started accumulating bitcoin this year with the DCA strategy and with the plan of holding it for like 4–5 years. Since they are in on bitcoin for the long term, the DCA strategy remains the best option to use in accumulating bitcoin because it will help them accumulate bitcoin even when the bitcoin price is increasing or decreasing and also control the volatility of bitcoin. It is only when you are in on bitcoin for the short term that it is too late to use the DCA strategy.

just as @FinePoine0 said that no investment, is just like trading. You can't actually compare that to long-term investment profit. What about in scenario, market did not go your way when you invested that bitcoin for short-term profits . Due to fact that your are in a urge of making quick profit you may endup selling your bitcoin in loss . And when you are exercising long-term investment, it would give more chances to stash more bitcoin In your portfolio. (Like time range of 5-10 years holding even more than)  of accumulating. Holding for long-term Is more safer than short-term, though bitcoin may  undergo some dip and all that, during it growth. But still bitcoin would keep on growing so as your portfolio as an long-term investor.

I want to say you are not following DCA method, greed is working inside you and you have not invested. Those who once started investing in the DCA method are depositing their assets in Bitcoins from zero amount. Investing in Bitcoin over a long period of time can accumulate wealth as it is a regular investment. Some invest weekly and some invest monthly (according to their income), long term investment will start their right journey.  But you mentioned short term trading here, your idea is wrong because short term trading is more likely for you to lose. It is natural for Bitcoin prices to fluctuate more and more, so investing in the DCA method controls the average price of Bitcoin.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I am glad that you are happy for the bitcoiners, but what good does it do you to stick to your guns in regards to your purposeful failure/refusal to buy bitcoin?

And the big blocker nutjobs have just been shown to be disingenuine and/or disillusioned and you are happy with having had been in that camp, too?


If you are brand new to bitcoin, you are probably in a better position to just keep buying for a whole cycle rather than trying to fuck around with supposed patterns of the previous cycle.  Once you get through a whole cycle, then you might be in a better position to try to play the cycles, but it still might not be a good idea to devolve into trading, but if you at least spend a sufficient amount of time accumulating BTC, then your position might help to inform you regarding what might be the better strategy going forward for the next cycle. 

There might be some circumstances in which guys might have had heavily front-loaded their investment in the last two years, and they might be in a position to attempt to play the patterns, but it still could be risky.. and this thread is not really about playing the patterns on the way up, at least not in terms of selling... so it could be quite ambiguous what to do, especially if you have already concluded that you do not have enough BTC, and you are thinking of selling BTC in order to accumulate more, that seems like a potentialy problematic strategy, if that might be what you are suggesting?

By the way, vokain since you have been registered on the forum since January 2012, have you been able to beat a strict BTC accumulation and hold strategy?  Do we need to show your numbers for something like a $10 per week for the past 12 years, you should be sitting quite pretty, no need to be accumulating more BTC.. but instead you are fucking around with trading and giving advice for guys here to trade?

In theory, you should have way better numbers than me, in terms of average cost per BTC, even if your stash (or the amount that you were able to spend) was a lot lower.  You have two years of headstart, and we have come to realize that in bitcoin, time in the market is way better than timing the market, especially if you were mostly erring on the side of BTC accumulation rather than getting distracted.

I am claiming to have $1k per BTC costs... in theory you should be able to have lower than that for your overall costs per BTC. So why would there be a need for you to play the patterns of the cycle? or to be suggesting that as a strategy? because historically it would not have been a good thing to do.  It would have been unnecessary, greedy and more likely to lead to losses.

yea! having a clear concept of investment plan includes the time frame and profit taking strategy. Any of the trading market price fracture randomly up and down especially BTC. Patience is indeed very important for every investors. If a investor bought with DCA strategy and average price he might be benefited.

I disagree with the idea that whoever holds bitcoin longer takes the highest profit; instead, whoever holds the most bitcoin takes the highest profit. Even a short term investor can make good profits if what he has in his portfolio is greater than the number of bitcoins a long-term investor has. I would rather say expecting a huge profit should depend on the amount of bitcoin you have been accumulating during your buying stage if someone has to seel. This is because even if you hold 100$ of bitcoin for 5 years, don't expect to see 30k$ dollars in profit. On the other hand, if you have been able to invest up to a whole bitcoin in two weeks, within 5 years, i am certain that you may see at least 100x of bitcoin reaching 100k of which your profit is about $50k plus.

This is why I don't agree with the fact that people should sell if they have not bought enough bitcoin to expect a high profit. Some people are just propelled to sell because people are talking about selling. Don't forget that these people who have been preaching about selling may have bought almost 1 bitcoin or more in their portfolio and they still have the money to buy more, but you are still struggling to even accumulate up to 10k bitcoin yet you want to join the train to sell.

No one said collecting profits is bad besides that's the aim of investing, but your forgetting that most of us here are just early investors and if not that we are privileged to see a bull run so early in our investment we won't be talking about taking profits, the idea was to accumulate bitcoin irrespective of the price untill we have quite the stash, this accumulation period was supposed to last for up to 4 years as a minimum, cause this is a full cycle and you can now successful calculate you DCA buying average and see how much bitcoin you have accumulated, then at this point you should be well prepared for profits.

The question we should all be asking ourselves is how many bitcoin do I have and am I well prepared for the bull and if I decide to take profits now would I be opportunited to buy back this price or would I find myself buying at a more expensive price ?

Don't forget that engaging in practices like collecting profits too early on our investment can lead to regret or we even delay our accumulation process because we had to collect profits on our investment and saying you want to time the market to buy back at a lower price is some what seen as gambling and is not the right thing to do.

Hold your bitcoin and keep on buying, no one is saying taking profits is bad, but is it the right time? And have you accumulated enough? .

An investor should already have a plan for how long he needs to invest and when he will take the profits. Making a profit is the goal of investing so that investors can take advantage of it. For a Bitcoin investor, he must really be able to maintain his patience because the price will always go up and down.

What is important is that a Bitcoin investor can hold his Bitcoin for a certain period. As long as he could buy at the lowest price and hold it, he could expect to make a profit. But it would be even better if he could use the DCA method so he could buy Bitcoin regularly.

With Bitcoin's current rise, it gives hope to new investors because they can see the profits starting to come. And for other investors who want to take advantage, they need to start determining their target selling price and wait for it.

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

Well, I agree with you that in every decision it depends on each individual, if they are satisfied then they have made a wise decision. Yes, it depends on how they can manage their fiat to accumulate more bitcoin when they choose that decision. But don't get me wrong, I don't recommend that because all of that is their own right because it's your money and it's appropriate for them to do whatever they want.

So back on Topic, Buy and Hold. For me, the recent increase does not make me afraid to continue buying because I still have the desire to accumulate more BTC in my portfolio. Well, the story is different for many people, where they are not long-term investors and they only target short-term profits. so it's no wonder that in this thread we see many people discussing this, they are traders, not long-term investors like we have done.

Mate what are your even pointing at, you didn't have to make it so obvious your using AI to craft your response, I get your new here but you should try to learn and understand what we are talking about in this discussion than to use AI to create post.

The thread is all about buying the dip and holding of bitcoin, we talk about the different strategies that we use in accumulating bitcoin and we have settled that DCA the dollar cost averaging is the best strategy. Since your new here you might want to understand how it works, it involves splitting your capital into equal parts and buying at intervals, this could also come from your income where you just have to allocate a little percentage of your disposable income to buying bitcoin weekly or monthly however you okay with and we have finalized that a 25 -20 minimum is a good start to invest in bitcoin and this could even be as little as 10$ or up to 1000$ depending on your income.

We are all for the hold and the plan is to hold as long as 4 years on a minimum for our first stage , this stage is all about accumulating bitcoin, in this stage we avoid all kinds of withdrawal or trading practices that involves buying and selling our bitcoin, this has a negative effect on  us cause things can go wrong and we find ourselves losing if the volatile market hits us.

Now to hold effectively we must make sure to build our emergency funds in case emergency happens that can make us sell our bitcoin earlier than we planned to, the emergency funds has to be up to 3 months or 6bmonths of savings and should measure at least to your total investment in bitcoin or lesser.
Then we have the reserves that we use for special cases like buying on dips and any opportunity that comes our way, to make the best of our money, and floats which are our spendables which could be our expense money and it could be used to buy bitcoin only if you can find a way to chunck down your expense.

It's not rocket science all you had to do was read and ask questions and you would have no need using AI to generate response when you would have tried to learn something first.