Topic: Buy the DIP, and HODL! - page 29. (Read 138674 times)

When you say bitcoin is expensive, I believe you are trying to outline that not every investor can actually accumulate one bitcoin at a time because of the current price, but if that is the case, I want you to understand that you can accumulate bitcoin with the DCA strategy irrespective of the price, and if you are consistent in accumulating bitcoin with the DCA for a long period of time, you will still be able to accumulate a reasonable amount of bitcoin. Do not allow the current price of bitcoin to discourage you from accumulating it because bitcoin is not yet expensive. Even with the current price of bitcoin, you can still accumulate bitcoin if you have discretionary income that will allow you to freely accumulate it without finding it difficult to sort out your daily expenses.

This is actually very correct, at my first swipe at DCA, i thought I never needed these various backup funds as proclaimed in this thread and only concentrated on my accumulation and spent the rest discretionary income on other things(Both important and frivolities). It was easy to say that I was careless with funds and hardly saved a dime. I hit a rock that made me sell almost all my holdings back then, only then did my eye open to the fact that those backup funds were actually worth implementing. I tried implementing them again for almost three months without success as I fell back to my emergency funds for survival most times and even to my holdings at extreme situations, but overtime I began reaching some kind of maturity in my cashflow management and was able to carve out emergency funds and separate various variances of discretionary income into several bank accounts as against keeping all of them in a single account as I previously practiced.

It really took time to reach some kind of maturity of good cashflow management practice and I had to change lots of tactics on the way including splitting my discretionary income into various backup funds after removing the portion for my DCA and depositing them to the appropriate bank accounts even before I spent a dime from the whole income. It prevented wastage since I know what I have left after separating the funds with respect to the variances of backup funds and I made do with what I had left. I got better at managing my cashflow and for the first time, I had good savings and could even save for Christmas spending classifying it as a variance along the way. It was a joyful thing to me and I know I wouldn't have been this responsible if I had not learnt to manage my cashflow very well. It was a challenging learning process, but it is surely beneficial and I remain a student of it.

So I can comfortably say that having a good cashflow management ability is very instrumental to being a consistent and committed bitcoin investor.

Let's say that a person similar to you (Sim_card) had been investing into bitcoin for nearly 2 years as aggressively as he is able to do, whether that is $100 per week or some other amount, and eve from time to time, such person might come across extra money that he is able to invest into bitcoin, yet he might have to weigh whether he wants to invest all of the extra money right away or if he might want to split some of the extra money into buying on the dip and/or DCA.

Sometimes, these might not be easy choices to attempt to apply for all circumstances, so each guy is going to have to attempt to weigh trade-offs, including considering his own circumstances as best as he can to figure out a reasonable balance (and there are probably a few ways to reasonably balance the situation), and my point is that DCA and/or buying right away might not be the ONLY ways of looking at the matter, so there could be a place for including buying on the dip in such a situation.

The guy who had invested around $100 per week might have invested right around $10k into bitcoin over two years, and if he comes across a bonus or even extra money that is one year's worth of his anticipated yearly investment amounts (such as an extra $5k that he can dedicate into bitcoin), maybe a default starting point might be to divide it into 3 parts and invest 1) $1,666 right away, 2) $1,666 in a DCA kind of way that adds $166 to the regular DCA amounts over the next 10 weeks) and 3) to set up the last $1,666 for buying on dips (if they come), such as 5 BTC buy orders of $333 at every $5k that the BTC price drops from here.  Surely we know that if we are too aggressive in regards to setting up our buy on dip amounts (and increments), we may well end up getting stuck not having had invested that money, so someone with ONLY two years investing in bitcoin, might not really be in a great position to be holding back too much money for buying on dips that may or may not end up coming... so it surely can be difficult to balance. 

On the other hand, if the same person had been able to largely front load his BTC investment in 2023, and maybe he invested $10k into bitcoin during 2023 and then he went to investing $100 per week into bitcoin in 2024 (which would about another $5k invested into bitcoin for 2024), he might start to feel that he has more flexibility to hold back some of the $5k bonus value for buying on dips based on his already practiced level of aggressiveness (and frontloading) his investment in 2023... so even if he had not been in bitcoin for very long, his past BTC stacking practices could end up influencing how he might end up apportioning any of a bonus amount that he ends up receiving at the end of 2024 with ONLY two years investing into bitcoin.


It is not the same to be waiting for a friend at home when he did not call as compared with waiting for BTC prices to dip prior to buying, but sure, similar... parallels can be drawn with your example.


If a bitcoin newbie is persistently, consistently and ongoingly buying bitcoin with his income as it comes in (on a weekly basis or whatever), he is not necessarily going to have any extra money to buy the dip beyond his regular income or how he might have had chosen to spread out his BTC buys, whether weekly or otherwise.

So if guys are saying that they are doing both, then they may well be engaging in trade-offs that they are failing/refusing to acknowledge.


This seems to be correct for sure, except for some guys who might have had been in a position to front-load their BTC investment, yet an overwhelming majority of folks are likely going to be way better off to just keep buying at least for a whole cycle or even a couple of cycles if they really have no abilities to meaningfully frontload their BTC investment... which tends to be the case for an overwhelming majority of normies.


Huh?  You seem to be misremembering history or living in an alternative reality.

Prices went up in 2023 and in 2024.. and most people would have had been way better off to be in bitcoin rather than not during each or both years and probably even better off to accumulate as much bitcoin as they were able to accumulate during such years on a regular, consistent, persistent and perhaps even an aggressive way, to the extent that they were able to accumulate  BTC without spending on buying bitcoin beyond their discretionary income.

I am not sure if we should give you any kind of pass since you registered on the forum in late 2023, yet you still should be able to look at BTC historical price charts to see what happened in 2023 and 2024 instead of misdescribing BTC price history, which then makes it appear as if you are just making shit up.


The longer that we are in bitcoin, the more important it becomes to be able to have strong cashflow management practices, so there are plenty of times, even within the first 4-ish years of accumulating bitcoin that any newbie might be forced to sell some or all of his bitcoin based on his failure/refusal to manage his cashflows in such a way that he is not using his actual bitcoin as his emergency funds rather than having emergency funds in some form of cash that is not going to end up cause him to run out of places in which to draw prior to needing to tap into his bitcoins.

You are correct that newbies might be more prone to employ cashflow management practices that are insufficiently forward looking and/or sloppy and to end up contributing to their getting into a pickle in regards to not having enough funds to deal with various life circumstances that could come their way with potential variance in income and/or expenses and just that shit happens in life. and those persons who consider having various kinds of cushions in their cashflows (even if they feel that the cash "is not working for them") will end up being way better off by their creating and maintaining such buffers that allow them to make sure that they are not forced to sell some or all of their BTC at a time that is not completely of their own choosing.

Well, on the one hand, don't compare other people's strategies too much with the strategy we are currently implementing. The reason is quite simple because they are already satisfied with their BTC ownership where they have been investing routinely since 2015 so that in the current situation they only buy at dips because they are already satisfied with what they have focused on since 2015.

So the difference with us is that we are still in the accumulation stage so the part that we have to focus on is of course buying routinely every week. We can also buy at dips in other words DCA runs routinely every week.

I assume those who are already satisfied are old investors but sometimes they also continue to add BTC ownership when the price drops because they have consecrated all their investments for the long term and do not intend to sell them if they do not need the money.

So the last point, we can only take an important point, namely the holder is winner and that is the right word for Bitcoin holders, so we want to be like them, so routine accumulation is the first step to achieving victory at some point in the future.

There is no doubt in all your saying, this classes of investor I called them undetermined and unstable investor because they will never achieve their goal reason because they are only centered on one direction of hoping when Bitcoin will dip before taken full advantage of the market, I remember back then when I was in the village when we fish in the river if your afraid of the wave and also felt that rain is falling it will be very difficult for you to catch many fishies, it's during wave you lunches  the net , if wave is high and the rain is falling that you catches fishies. No fisher man catches all the fish he sells in the market one day it's a gradual catch. Correlating this to investing on Bitcoin one who is afraid of buying and only has a target when is dip may definitely end up buying less or even buy non if truly the expectations is cut short as it may happen some time that the dip is not what it's plan could be. The best is always accumulating within your reach at any given point provided the money to take accumulated is there. I totally agree that many do to waiting to see the dip according to their expectations has end up having no investment or even spend part of what they are even hoping to use in Bitcoin investment.

Yes, there are people like that who dream and wait for Bitcoin bear season to invest into it, funnily they may end up very disappointed when Bitcoin price fails to fall to their expected price. They may well be referred to as gambling with Bitcoin rather than investing into it. I doubt that people interested in price more than their accumulation target are even able to hold Bitcoin for a long time.

It's funny that these sets of people may well end up not investing into Bitcoin since they wait only for the dip to buy unless the person already has good quantity of Bitcoin and is now being selective on how to further increase his portfolio. Interestingly, if it's a newbie, he has started off his accumulation journey on the wrong foot and may miss out on good opportunities to accumulate with DCA and smoothen the effect of volatility on his investment.
Worse of it all, the funds he is reserving solely for the dip may be overtaken by some other necessities or frivolities and he don't even buy enough even when the dip comes if he ends up buying at all.

Another thing the investor would miss out on if he gets funds weekly or monthly as the case may be is the less stress that comes with spreading your investments over a longer period of time compared to the pressure of having to do it at once. Also I doubt the newbie would be disciplined enough to employ strategic backup funds like emergency fund and the variances of backup funds, these disciplines are perfected with continuous practices over a considerable period of time.

DCA is your strategy for accumulating bitcoins on a regular basis, which is easily adjusted to your income. This method is to grow your holdings by not showing the impact of savings during market ups and downs. Market declines can naturally occur which can be called corrections and you should set your own strategy for DCA regardless of your value. An investor should try to get bitcoins by accumulating even small amounts regularly so that they last for multiple cycles or longer. I like to think of bitcoin as financial freedom for the elderly because compared to fiat deposits in insurance or banks, accumulating bitcoins every week or every month will result in a larger holding that will continue to grow over time.

Buying more during dips can make more money available to you, which will continue to grow your capital over time but for bitcoin accumulation you are more focused on discretionary income because even if its price dumps for some reason it will be outside of its negative impact on the surrounding life. Be extra careful about holding your own in any situation with the market by properly following your strategy considering the uncertain risks and accumulating for long.

There is nothing wrong with buying bitcoins during market dips, but if you have enough money to invest, it is considered a bad decision if you wait for dips instead of investing regularly. Instead of waiting for dips in investment, regular purchases with small amount of money can be a right decision for you. The Bitcoin price that the above mentioned person is waiting for may be impossible. But in the Bitcoin market, the price of Bitcoin can drop a lot and even suddenly increase at times. We may have seen earlier that the price of bitcoin dropped a lot in 2023 but this year the price of bitcoin has again increased a lot and the price of bitcoin reached $100k.

Dip means when the price of Bitcoin decreases. Basically, experienced investors wait for this time and buy more Bitcoin because the price of Bitcoin is lower than other times. You are right that there is no need to wait for the dip for beginners. Because they will not be able to understand when the market will decrease further or when the market will rise again. Due to their lack of understanding, they may lose the opportunity to buy something good. In that case, beginners can use the DCA strategy to buy Bitcoin, which will not have much impact on their investment due to the rise or fall in the market. Those who have been investing in Bitcoin from the initial stage are very strategic and pay more attention to buying Bitcoin during the dip. Any new investment in Bitcoin must have a long-term plan. You must gradually accumulate and create a large portfolio in the right way. You cannot get upset and cannot sell if the price decreases. You must have some other livelihood arrangement to live your daily life. Regular investment in the right way will give good results in your future.

Its never bad to buy at the dip since we can get more bigger volume if we continue to execute our buy orders even if the market is dumping. This is what DCA supposed to do since we can buy either the market is pumping or dumping.

What I think is wrong if you keep waiting for more dip to come since you are just missing some good opportunities while the market is frequently moving. Waiting for unknown situation to come is missed opportunity for an investor and he might get afraid to accumulate especially if he feel unsure on current market movement. That's why instead of waiting for the DIP to come which other people think that this is perfect time to buy. They could just continue to work on their plan since for sure that everything will be fine since they are not dealing for short term gains. They are for long term so for sure that price is never be a major concern and hopefully this will come to the minds of investor so that they won't worry or bother to much on the current price of Bitcoin.

Is not as if buying when there's a dip is wrong is very good to buy when there's a dip because is less cheaper however waiting for it to happen before you start accumulation is what is wrong, because waiting like that will waste your time, one don't even know when a dip will happen so while waiting for it, for example your long time friend called you on phone and said you should wait for him in your house that he is on his way coming to your house to see you and his already very close to your house, you will wait for him but when that your long time friend didn't call you can you just wake up one morning that you won't go out today that you will wait for him to come to your house and see you without any communication between you both that his coming, no you can't do that if you do you may end up wasting the whole day, that is same thing with you waiting for a dip in Bitcoin.

A new investor shouldn't wait for the dip but if he happens that when he as already figured out how to start his bitcoin investment right awa with his discretionary income, the market was in a dip. That's a blessing for him juat as we are in a dip currently. Apart from that buying at the dip ia unpredictable and not for new investors but OGs who have already accumulated a good size of bitcoin like 60% in their portfolio.

Getting started immediately is the best for new investors because the DCA strategy is there to limit the financial stress on you so that you will be able to grow and build your bitcoin investment every week or mobth by buying regularly to keep your bitcoin accumulation ongoing, persistently and consistently for 4-10 years and above. You can also use the lump sum strategy to buy bitcoin whenever you have any extra cash on you that you didn't budget. Buying at the dip is good but a new investor doesn't need to wait for the dip. If you have started your bitcoin investment with DCA, it will enable you buy bitcoin at various prices both at the dip, the bottom line of the dip, and at the bull run. The most important thing is for you to stay focus and look for other means to increase your financial strength, so that you can be aggressive in buying to build your bitcoin portfolio faster.

Yes DCA method is the best strategy to invest in Bitcoin. Because I myself have benefited from investing in the DCA method. I have been investing in the DCA approach for several years, and I plan to continue with DCA for a long time. How I benefited from the DCA method, I did not have enough money to invest together. So I started investing in DCA method as per my ability and now my investment amount is quite big. If I had not invested in the DCA method, I would not have been able to accumulate so much Bitcoin. Also able to buy bitcoins at average price. I never get frustrated with Bitcoin price dumping, rather I continue to invest regularly. Therefore, if you invest in Bitcoin using the DCA method, it is possible to gradually increase the amount of investment. Investing and holding in DCA method is definitely possible to succeed. So invest in DCA method and hold.

No, I disagree with this your last statement here, it's not the best.
It's s true that it's very important to use every dip as an opportunity to buy more Bitcoin, but waiting for it before making a purchase is actually a wrong thing to do as a long term holder, because Bitcoin is still very cheap compared to how much it might get up to in the future, so why not seize the opportunity now and buy it regardless of it current price?
And besides, you might miss a whole lot of buying opportunities if you decide to be buying only the dip, and with such strategy you certainly not have a very good stash of Bitcoin on the longer run like someone utilizing the DCA accumulating strategy.
So I think that the DCA accumulating strategy is the best way of accumulating Bitcoin, because you will definitely buy at every price interval and even the lowest part of the dip lumps sum investors might miss, so in my own opinion, when it comes to Bitcoin accumulation process, nothing beats the DCA accumulating strategy.

Buddy when you mentioned market timing to get a good amountb of Bitcoin in your porty as you said I begin to wonder if you're really into the long term journey, does it mean that one can not accumulate or buy an encourageable amount if such person doesn't time the market, that doesn't sound well to me, it is very simple, as a long-term investor all you need is to apply slow and steady approach by using DCA method, buddy you can still buy with large amount without timing the market after all as a long-term investor your main aim is to achieve your goals in the long-term so buying anytime without considering the so called market timing will keep your investment in a good shape, we continue buying be it in dip or upsurge that's the mindset a longterm investor should work with to enable him grow in Bitcoin investment, personally I see market timers as short time investors who are actually for short time profit, they buy when the price depreciates and sell immediately there is a little appreciation, so mate you should correct that notion of yours, I agree with other things you said but anything involving market timing should not be seen as part of long-term plan and it should be discouraged with everything in you as a long-term investor.

Basically nothing is impossible, even the lowest price of Bitcoin after halving 2020 has touched the price of $15k at the end of 2022, but i doubt that will happen again, after Bitcoin has grown and is known to many people, many countries have decided to buy it to be used as a long-term investment, one of which is El Savador, there are even several countries that make Bitcoin a certain means of payment in their country, this certainly makes Bitcoin more valuable which triggers a higher price increase. so, the price of $35k is possible if there is a massive FUD so that many people decide to sell it, lol.

Buying at every dip is always important because it will definitely yield profit if hodling bitcoin. Every dip is an opportunity that if time is not taking it may come a longtime to come across the exact dip price that was neglected. The price of bitcoin has slightly fallen below $100 bit some investors are not willing to buy, they are waiting for the price to fall just to their own price they feel bitcoin could fall to. This is s common mistakes investors normally make, they always predict bitcoin and thinks the price of can be exactly as what they think. One thong every investor needs to understand is that the price of bitcoin can't be predicted. Buying bitcoin at every dip is not a mistake that will lead to regret if one has already made up his/her mind to hodl.

This period is the reason why speculators never invest in bitcoin until they start regretting.
In as much as bitcoin market is filled with ups and downs, buying at all time and Hodl remains a better investment strategy.
Bitcoin is currently at less than 93k which is as good opportunity to invest. But instead of investing now, fear won't still allow some to invest.
This bull run has made me to understand that bitcoin can suprise the world at anytime and doesn't need a period of months or years to change someone's life.
This is why buying at every dip and hodl remains a better investment strategy.

All what you said here was quite ok too me, until you said this, am talking about the words I made bold in your statement, bro are you a long term holder?
If yes, then what's the point timing the market before buying when you know that by doing so, you might miss a whole lot of buying opportunities as most Bitcoin investors that bought Bitcoin through lumps sum do.
In my own opinion their is no point timing the market before making a purchase of Bitcoin, it's already too cheap now comparing to how much the value can get in the future, so stop wasting time in the name of timing the market because their is no better time of buying Bitcoin than now, unless you are a trader that sells for minimal gains, if you are not, then it would be very wrong to be timing the market before making a purchase because time waits for no man, so it's best we seize the opportunity now that it's still cheap.

There are a lot of investors who had that kind of mindset, doesn't want to buy but FOMO in the last minute with the price is $100k++. And then when the price is at a discount, jus like today, at $92k, still they wont' even buy and wait for the price to decline even lower. And that what's separate smart investors from pure speculators, smart investors take the chance and buy in dip and hold. While speculators buy in dip and then make some money by flipping BTC. As for the $30k, yeah, it will be funny if we fall down so hard with the current sentiments that we have. Trump will be inaugurated in few days and this could influence the price again and we might see the price going back to $100k or even higher or even a new all time high.