Topic: Buy the DIP, and HODL! - page 287. (Read 123802 times)

Taking profits like you said is dependent on many factor and also based on individual preference. It will not be wise to sell your Bitcoin when you have not figured out how you will be able to manage the proceeds, else you may misuse the money and run out of Bitcoin. Instead of a situation like this, it is better to hold across different market cycles like the early buyers are doing, I mean those who bought 2013 and thereabouts who have seen many market cycles but never took profits like most of you are suggesting.

My plan is to hold beyond this market cycle and if eventually another bear market comes, I will simply use it to gain more Bitcoin at lower prices. I understand others might have other plans are are free to use any approach the are fine with but my concern is to ensure I do not run out of Bitcoin.

Our patients should not be till the next halving that's not our goal here, we should be more concerned about getting more Bitcoin in our stash untill we are 4 years into Bitcoin then we can start thinking of taking profits, your patience sounds so short term like we need to take profits right after the halving.

Both bull and bear are part of the Bitcoin cycle and it doesn't need to take us off course from our plan as long term holders, I know that it's possible to be thinking in terms of taking profits to buy back when the price is lower but you never know if that would happen or if Bitcoin would just set a new record and never return to price like 35-40k range, selling Bitcoin at higher to price to buy back at lower price is risky and can be seen as gambling and one thing to have in mind is you can never be so smart.

As we can see the way the whole things are going now with the bitcoin market performance, this is to encourage us the more to hold if we have not yet done any and embrace the patient needed till we arrive at the 2024 halving and thereafter, if we really have the target of bullrun at mind, we can then go by this because this is one of the provided opportunity for an investment in bitcoin as we are more likely to have the highs more often than before and there's more possibility that we are going to experience a new all time high right before the halving begins, the recent market performance is the first impression on that, we can as well as consult more conviction from the past halving's in record.

. Yeah this year is a year of greens same goes with next year. We all know that as an investors we should be ready for anything because not everyday is the bull run, there's also bearish market when market experience decrease in prices and that also one of the best period to even increase your rate of accumulating bitcoin because that moment there would be reduction In coin  value (prices). Though our coins accumulated would also reduce in value, but as long we keep accumulating anytime the bull run it again the profits would be massive.
Well said, those that are in for short-terms profit (or ready to gamble with their funds) Investing now won't be a smart move at all. To avoid buying the top, while those who are ready and who are patient enough to engage in long-term investment, now is still a good time to invest, and DCA strategies is recommended because even though you enfuo buying the top Aslong you continue DCAing, it would help In reducing the risk and also in increasing your coins in your portfolio  . Because we all know that as time goes on bitcoin would keep on increasing in price or value. And those that didn't stop in stashing more BTC in their portfolio would always endup with big smile on their faces. Just this little quantity of bitcoin have accumulated to far as already started putting smile on my face since this increase in price of bitcoin so imagine you holding and accumulating for long-term like those during year 2013.

agreed. but in terms of profiteering, I would suggest people also try to make use of the patterns established in previous bull/bear cycles

Bitcoin investment is all about having patient. There is nothing like waiting forever in bitcoin investment, rather what we have is circles, and your ability to buy and wait for the next circle is really what matters. Some people bought bitcoin at the last ATH and they are still holding it, even when the price of bitcoin dropped to $16k they were never bothered and they kept holding and waiting patiently for the next circle which is about to take place and we are already seeing the signs. With the current price we are close to breaking the previous ATH. It didn't take forever before we got here, it only took patience. It's always best to buy at all market condition through DCA method. This has been talked about several times in this thread and as someone who is following this thread it will be wise to apply what you are learning from this place into real life.

Of course, the profits obtained by Bitcoin holders who have owned them since 2013 and still hold Bitcoin to this day are extraordinary. Because today Bitcoin touched a price of $64K, which also shows that Bitcoin is indeed able to provide the best profits to all investors who have held it for the long term. And for now I still think that Bitcoin's price increase will continue next month because today is the last day of February.

The lessons learned by Bitcoin holders so far are certainly very good because they can be proof that Bitcoin has long been the best asset of all time for investment and can be suitable for everyone. I think that this year is a year of price improvement for Bitcoin and also a year to reach a bigger ATH than before for Bitcoin so there is no need to hesitate to continue holding it.

That sounds more like a trading strategy than investing, it is the traders that are so much interested in maximizing profits within a shortest time frame. timing the market bottom can be very  dangerous, you can buy freely at any time at any price with your dca strategy,  the bearish period you suggested should only be seen as an added advantage of accumulating more Bitcoin at a lower price in to your portfolio.  concentrating only on buying when there is a bear market can be very risky and devastating causing emotional unrest if the bear market condition continues for too long without making an upwards market trends, or there can also be an upward market condition that can last for too long or forever making you not to be in the market but with your dca you can buy at anytime and any price freely without much worries.

Pleased for everyone that is winning.

I'm still HFSP!

Still wouldn't change a thing

 
I don't like waiting for the dip, but if you are lucky enough to have enough funds to lump sum at the dip of the bottom line, it is the best. This is because one will not see that price again, and any bitcoin that you accumulate during that time will give you the highest profit, as long as you will hodli for a long period of time. It is good that as a beginner in whatever plan that you want to use in accumulating your bitcoin, you don't stop DCAing, because it is the only way in which you use to build up your bitcoin stash to a significant size.

What I do is that I don't lump sum, when bitcoin price is as high as this, I only DCA weekly, even though, I will only acquire a little fraction of bitcoin. Adding to your bitcoin constantly give me that rest of mind that my portfolio is increasing. Opportunity comes but once, and I believe that bitcoin has given me the opportunity to invest and grow my investment irrespective of the price, because who knows if the price of bitcoin might be unaffordable in future by the poor, and those of us who take advantage of bitcoin now and invest, and grow your bitcoin portfolio will be among the rich when that time comes.

DCA method does not allow you to hold bitcoin for long, but instead it allows you to buy bitcoin regularly either weekly or monthly with ease and grow your investment without stress and tension, as long as you are not using the money that you will need for an emergency or basic needs to buy bitcoin. What enables you to hodli for long is when you have your emergency funds and reserve funds available so that you don't go back and sell your bitcoin. You must also be disciplined, and remain focus on long term goal, so that you don't get carried away with the little profit on bitcoin due to price fluctuations. Bitcoin long term hodli needs sacrifice for the future.

No time is late to DCA, as long as your are not a short term investor. Any new investor that is investing in a long term can invest now even at 62k price. This is because his average bitcoin price in four years time will balanced, because you are buying bitcoin both at low price and high price, this is one of the advantages of DCA. As long as you don't stop buying, the bitcoin that you will buy during the bear market will cover up these ones that you are buying now and a higher price above this. This is why no new investor shoukd be discouraged on the high price of bitcoin, and thinks that he can no longer buy and make profit. From the historical price of bitcoin, it has been observed that as time passes on bitcoin price increases which make it a good reason for new investors to use DCA method mostly. Don't focus on the price but have a target and focus on your target because it is certain that you will be profitable in your bitcoin investment, if you hodli for more than 4-6yrs.

I always tell new investors to invest immediately they have the money because it is better you start early to grow your bitcoin investment portfolio than waiting, because you think that the price is on the high side. There is inflation everywhere, and if you are to buy, a bag of wheat for $400, and due to inflation, the price increased to $500, and you can afford to buy it, and on the other hand, you were told that the price of wheat will go below $400 in six months time, will you say that you will wait till six months time to buy at a lower price because it will be cheap then, when you know that wheat is what you want now. Same with bitcoin if you want to buy bitcoin now and you have the money, it is better to buy it than waiting, because you are investing for your future and everyone needs an investment to live a better life in the future after we must have retired. Taking action is the best way to be successful, and not waiting, because you don't know what will happen tomorrow.

Too late for Dca this bull run. Fat finger green button

The best way to invest in bitcoins is the DCA method I accept, but how much do you invest in bitcoins? 
After investing in Bitcoin, you should be prepared on how to protect it for the long term. You see many here discussing DCA method only famous people who have invested in Bitcoin since past time. But there is a new way to invest in Bitcoin now and not for the 2024 halving. The DCA method is a method that allows you to hold bitcoins for more than 5 to 10 years. It is recommended to hold Bitcoin for the long term here, from this discussion many investors will hold Bitcoin for a long time.

Good time to do this

When do you think the bearish period will come? I am disagreeing with you because there is no time that is the best time to buy bitcoin. It's always now and will always now. Depending on the market situation like bearish or bullish before you can buy bitcoin is not advisable. Imagine you waiting for the bearish period feeling that it is the best time and bitcoin now is on a fast move to 100k what year do you think you will wait for to see the price go low.

One thing you should learn because i see that it is based on your opinion as someone who just started investing i bitcoin. But once you've been through a complete bitcoin bull to bear to bull cycle, nothing gets you scared anymore when it comes to buying and accumulating. You will just keep stacking your bitcoin. Buy low, buy high using DCA or any method you wish to and HODL.

There is no point saying that the best time to buy bitcoin is the bearish season. There are three options of holding which are dip and HODL, lump sum and DCA. For me DCA is the best option because waiting for bearish season to buy bitcoin is not a wise investment strategy. Because you might wait for internity and btc price may not fall withing your expectations.
Those that waited for btcbto fall to thee expectations has waited and wasted there time now they are regretting why they didn't buy when it was necessary. In bitcoin investmet, delay is dangerous.

they would definitely be in great profits now, depending on how frequent their DCA was. A time will still come In the future where someone would still repeat this statement, by saying imagine the profits those that Started accumulating bitcoin in the year 2020-2024 would be in great profits. In the nearest future, that why we got to look upto those who has been accumulating bitcoin since 2012 till now and also learn from them so that we can also be able to hold our investment for that long too.

so let me get this right, are you suggesting it's best to buy during a bullish period as this only to wait for another bullish period when the price would have torshed this  current $60k point? I know for those that have the ability to doing a ten to twenty year holding, it might be reasonable and okay for them but I feel it's best to buy during the bearish period so you don't necessarily have to wait forever before your holding yields a good profit.

yeah, to some extent you're correct that if you have the ability to hold long enough you will definitely gain at the end of the day but Thier is a better way of doing things and that's why it's best to buy during the DIP. Why wait till the market is bullish before buying  and then you will now have to wait almost forever just for for another highly bullish season before you get to the same $60k price out brought it?

This has shown that bitcoin investment is one of the best, and you will not lose your money if you can hold it for the long term. This will serve as a lesson to those of us who are accumulating bitcoin not to sell our bitcoin because there is a dip in bitcoin. This has also proven that bitcoin investment is a long-term investment. Imagine those who have been accumulating bitcoin since 2013 and the kind of profit they will get.

Too late here means that they don't realize the Bitcoin increase. Of course, they can still invest in Bitcoin, and it's not too late only for those who realize the benefits of Bitcoin to them.

The adoption of BTC is still quite low, and I agree that because, in many places, many people still don't know about Bitcoin. If they have been asked to join Bitcoin, they will answer what Bitcoin is and other things. But we realize that the situation has now become good as some people already know about Bitcoin and want to get Bitcoin.

If they see from history, yes, they are too late to join, but because Bitcoin is for the long term, they will still have a chance to buy Bitcoin and use it for their investment. If they learn about DCA, buying on dips, and other things, that can help them start accumulating more Bitcoin. They can buy Bitcoin at any price they want, including at this high price, but they should be wise when they decide to buy Bitcoin because they need to wait for a while until the price gets a correction.

We don't have to feel all smug because we joined in the 1-2 years early. After all, if we can't manage properly, we can't make a profit like the others. Some newbies may be luckier than us because they can learn much more than we can.

Yes, I am lucky to see 2 full cycles so far. I already collected some BTC from a long time ago and still have some, although I already have some at the high price

But that doesn't stop me from accumulating more BTC, even right now. I always use small amounts of money to buy BTC and stick to that. I am glad that I have some money that I can use to continue my investment in BTC using the famous DCA method. DCA method saves me and my money and I can allocate the money in the right place, including for investing in BTC. I am really thankful for this thread because it helps many people, no matter if you have known Bitcoin for a long time or you are a newbie. We can learn together about many things, including how to use DCA methods in the right.

Yes, I sell some after the first halving and second halving. And that was a big profit for me. I never imagine that my profits could be bigger like that. That makes me have more and more Bitcoin by accumulating and holding Bitcoin.

It's enough for me to buy and sell Bitcoin daily or weekly or even monthly. I want to make a big profit again this time so I have already prepared myself for the coming.