Topic: Buy the DIP, and HODL! - page 289. (Read 123808 times)

The most important thing here is that the next step as Bitcoin follows is that it will be able to cross $100k in the next few weeks as it is close to crossing past highs. If it crosses $100k dollars, the price of Bitcoin will increase by such an amount in the future, which is beyond our imagination, we may not have any idea or so far no one has been able to make any prediction.

You got it rightz having a steady cash follow that take cares of your expenses is jey to growth of investment and portfolio and that is why we always say that bitcoin investment ahould be done based on left over cash or money that you dont have any needs for 8n a long time from now, take those who dip into their investment qhen the price of Bitcoin started to pick at $45,000, thinking that is the highest Bitcoin will go at this time, but seeing that Bitcoin is about to break the all time high price it hard in previous year, so that is a shot on the leg.

Most of us commit such investment blunders and to which we have not learned our lesson to always buy low and hold for a long while before conversion,  a situation that sees us to making good and sustainable profits along the line, we need to make adequate preparation tto accumulate more bitcoin and spend less of it holdle is the way up and not cashing out.

At some point you can get sell off your investment to meet up certain demand, but it's always advisable to hodl unto your investment in other to have a full rewards.
There must be a source of income to be successful in Bitcoin investment, you must have a stable source of income that will accompany you to your destination.

It has been severally said that every kind of investment comes with certain level of preparedness where there must be a provisional emergency, reserved and float funds to take care of your daily upkeep and unplanned expenses in other not to retard the growth of your investment or completely selling it off too soon.

Seeing bitcoin such price today is just wonderful and epic, still pains haven't accumulated more quantities, but still doesn't only matter your entry is just how Persistence you are In your holding and accumulating .  
  And as we speaking, there's high chances that  most of those weak minded investor has already started selling their investment after seeing bitcoin price, from the price range of $50k-$60k . After checking their portfolio and found out that there's a great different from when they started accumulating (their coins value has  increased (bitcoin)). Initiating a tempting urge to sell there investment and alot did. Without knowing that this is just the beginning, those of us that still holding and accumulating we should continue till we hit our accumulation goal.

Bitcoin to the 🚀.

JJG have been right on a lot of his submissions as it has to do with Bitcoin accumulation. His knowledge is not limited to that as he is versed in many other aspect of the entire Bitcoin and the technology. He has raised important threads that explain Bitcoin accumulation and his latest being the withdrawal strategy. It will be difficult to follow him and get lost. His comments has helped my understanding of the DCA method and how to actually apply it and not only theories. Now I am happy with my approach which I developed following him. He is such a great guy with good knowledge of building wealth.

One good thing about this forum is the opportunity to meet people from different backgrounds and cultures who are willing to share their knowledge and experiences for the benefit of others. Everyone should take the information shared here seriously.

This are people that doesn't know the value and potential of Bitcoin.


Dca strategy will serve you better, you can a fraction and not the entire Bitcoin



That is procrastination they may end up not buying Bitcoin to their portfolio




Buying below $50k can be great but it doesn't Make those that bought above $50k any different, it not about when you buy but how persistent you can be in terms of hodling for long. The first best time was yesterday and the second best time is today, it is uncertain if such investor will buy tomorrow.

BTC is already $60,798 and being able to survive this to date and purchasing the DCA model is an extraordinary achievement even though it is not yet full. Well, regarding some people who sold their BTC before today's increase, I don't think they are weak in holding their BTC, they just have to sell it urgently for important daily needs.

Because the lack of confidence leads some people to think "What if it dumps tomorrow?". Some people are still in the struggle to give trust and they remain doubtful and uncertain. We can't force them to believe when it is against their will.
Maybe they will but I'm not sure if some of these investors still manage to hold until now or if they sell it before it hits $50k.
Those who have strong mindsets will still hold and accumulate more but those who are easily affected by the FUDs and rumors, exactly they got in panic and sell their BTC at low prices. We never expect everyone to hold and wait for the new ATH because many investors are weak.

It is certainly never too late to buy now if the plan is to hodl for the long term.

Patience plays a major role to a successful investment over a long term, you must be self convinced irrespective of trends that Bitcoin is a coin worth investing on a long term perspective. It is a decision that you have to take by yourself not because it is what everybody is talking about or doing, without taken note of that you can not be able to be patient and hodl you investment for long. Indeed patient is an important potential weapon for hodling your investment. Hodling for long is very important, it gives investors that flexibility opportunity of reviewing the performance of their investment and make adjustments where and when necessary, if you don't hodl you may not be able to benefit the value proposition of your investment over a long term, The  dca strategy will see you through.

There's still hope, even more than the former, those that are just coming in should focus their mind on the right thing coming ahead for them with bitcoin investment when they have the ability to hold and withstand the challenges of the market bear, there's more bull season to come and we can never miss out on this.


Its not also a bad idea in using DCA even at this current time where the market is fast rising, we cannot conclude on the fact that it will remain bullish for the time being, we can experience a little more of bear along the way and such could make the use of DCA more effectively accurate for our own benefit.

Hy @Jayjuangee, how are you? I haven't been on this thread long enough to talk about bitcoin buying strategies here, because it's very familiar.

Maybe you and I are the ones laughing today, seeing bitcoin approaching the last ATH. In the past we talked about bitcoin still being priced at 18 thousand dollars and twenty thousand dollars, and today it has almost reached $ 60k, it's an amazing journey, those out there might talk we can get hundreds of percent of bitcoin with the investment strategy we do in bitcoin, but they don't know that we are quite shivering how bitcoin fluctuationsl run in 2022-2023.

How do you still keep buying at the current price now? considering also bitcoin today is in a different cycle, I hope you are still enough and to do DCA.

Most people are afraid to enter the market to buy Bitcoin right now, especially since the price is as high as it is now. They will probably be out of the market for a while. However, those who are still doing DCA will continue to do it, and each person should have a target to stop doing DCA.

Yes, what you said is true. They missed the best time to buy Bitcoin when the price was below $50k. But they can still buy Bitcoin at the current price before the price reaches above $60k or higher. But they still have time to invest in Bitcoin, especially if they have long-term targets.

People who have accumulated a lot of Bitcoin over the last year are just waiting for the right time to sell their Bitcoin. They can still invest more to increase the number of Bitcoins. And after that, it's time to wait for the next ATH. That means a higher Bitcoin price increase than the previous ATH.

Simply put, whatever point you buy at is fine, as long as you are able to hold your asset until you can make a profit from it. Because people often delay buying Bitcoin, seeing that the price is quite high, but the longer they wait, the more time they will waste. So it's better to decide quickly whether to buy or not. Or if in doubt, investors can buy in smaller portions using the DCA method, and it is safer than the lump sump.

this is just the basic and fundamental knowledge   every new investor needs to know before investing.

Those anticipating the market to become more bullish are those that have bought some Bitcoin already and a bullish market becomes an advantage to them but for new investors that are just about entering into the system, the aim is to buy at the DIP and so a bearish market become Thier best entry point but it's not as though you're going to be overly concerned about how bullish or bearish the market is as a factor that will determine the time to start buying. As long as you have a saving that you can comfortably invest into an asset, that's the best time to invest. Leaving your money in fiat has always been a disadvantage and a sort of liability to the holder so it's always best to push your reserve funds into buying an asset that will profit you in the long run.

I guess this is the self advice I gave myself after looking at how valueless our fiat has become and that even after saving a reasonable amount of fiat in the bank, it will ends up yielding very little interest which is too small to buy commodities at the current price because price of commodity normally goes up while the value of our fiat has always dropped and it will end up placing me at a serious loss. Investing my reserve funds in Bitcoin on the other hand for same period of time will yield a great increase in the long run while I can convert it to my fiat when ever I need to and because fiat in most cases always dropped it value,  it gives me a win win situation.

I guess any new person like me that's finding it had to start buying the DIP can do his own analysis and find encouragement and the need to start accumulating bitcoin now.

JJG, a shower thought. Perhaps you were also right in your argument that learning the technical matters about Bitcoin shouldn't be made "all-important". Because we know that there are very intelligent people from legacy finance that may not understand how actually the Bitcoin network works, BUT know or have the intuition to truly understand the development and an evolution of a new asset class.

🙏

I discover something new again from our debates.

They might be late but not too late so far they can undergo what you've said "parience". Generally, holding is meant to be on a longer term and  we are below our last ATH which means there  are still enough opportunities to buying the dip even on the uptrend, morecambe still comes with sub dips (don't mind me  ).
Again I'm rephrasing my quote
"The best time to buy btc  was yesterday  the second best time to buy Btc is today" for anyone  reading  this "never miss your second chance"

Waiting is a waste of time, when you can get started immediately, because you will be limited to the quantity of bitcoin that you you are suppose acquire when you start choosing when to start investing. Time wastes for no one, likewise bitcoin price too. This is why it is good for a beginner to start investing in bitcoin when he has the money and he is prepared for it, irrespective of the price of bitcoin as long as he has a specific amount of funds that he as assigned for his regular DCA weekly or monthly. This is why an investor must plan for a long term goal so that whatever price he buys bitcoin even at the current price of 56k, he will make good profit at the long run.

Bitcoin price shouldn't be a barrier for you to start investing because you don't have any bitcoin yet, and even people that are still in their accumulation stage should continue buying, because their is risk in waiting at a point of time, due to the pump in bitcoin price. Waiting will slow than your bitcoin journey, and also keeping your bitcoin portfolio stagnant, if you have not reached 70% of your bitcoin target or your maintenance stage. This is why new investors and low coiner should also prepare for the UPity of bitcoin price and not only the dip. This is why the DCA method is there to enable us buy bitcoin at any level of price, as long as you are consistent and persistent with you regular purchase to increase your portfolio with time-line, instead of sitting idle and having false hope waiting, and limiting your chances or reaching the fuck you status in future, or close to it.

I don't really think that bitcoin is still in dip as long as the price is below the previous ATH according to your statement. Bitcoin can't be making new ATH every single day or week. A bitcoin is considered to be in dip when there is a sharp drop in price, due to high selling pressure, resulting to down trend in price movement. Right now we can't say that bitcoin is in dip, as there is a positive sentiment in the market. Even while the previous ATH is yet to be broken, there is something called high high trend, if bitcoin is continually forming a high high trend, we consider bitcoin to be in bullish trend and not dip.

With the current increase in Bitcoin prices, many people are happy because they can see the increase in profits they have collected from the DCA method. Those who are just starting out can't see the benefits yet, but they shouldn't be sad because they can see them too.

Today, people who have not yet invested in Bitcoin are too late to realize its price increase. They may still invest in Bitcoin but must remain patient because Bitcoin still has a long way to go.

The DCA method can still be used for now, even though the price of Bitcoin has now reached $56k and even $57k. And it's okay if they still use small money for their investments because investing in Bitcoin still uses the money they can afford.

well, in this context  of buying the DIP,  Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier,  the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the  current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Some will still join the market during an higher bullish period of say maybe the next seven years and let's assume the price has gone as high as $90k+, looking at the price from a short term perspective might seem a bit discouraging  to make an entry at that price but for someone joining the market at that time that can't reverse the hands of time back to the current $57k price of today, he is still good to go with that price as long as he is willing and able to hold for the long term and so that current price he meets it and he had the r source to start his Bitcoin accumulating journey is definitely the best time to start.