Topic: Buy the DIP, and HODL! - page 291. (Read 123796 times)

I agree with you that there is nothing wrong if a trader wants to participate in this thread; what will only be wrong is if the person is spamming the thread. If the trader is consistent in learning from this thread, he or she will realize that holding bitcoin for the long term is the right thing to do. I think this thread is very much open to anyone interested in bitcoin.

Yeah with a sub dip may be and better opportunities  to hold  it almost halving but  Bitcoin is kinda making  higher supports  much more faster than expected so any chance missed might not be recovered. The best time to start DCA or buy BTC  is now,the second best time is still now.

Anywhere below the last ATH is a fucking dip, so it doesn't matter when you bought what matters is if your holding.

Your right about DCA , if anyone has been using DCA since last year till now, he would have been buying on a monthly average that is very low compared to the last ATH and we are expecting the price to reach 60k or even exceed the last ATH this week. But I don't care, I have currently increased my DCA allocation for the main time till bitcoin exceed the ATH then I'll bring it back to normal, I don't want to miss out on this last set of dips we are seeing right now, if you are looking at the chart on a time from of 5 years then you would understand that all this while we have been on a very long period of dips, so even those trying to time the dip has been fooling themselves cause we have been on a dip ever since the last ATH 😀.

Your opinion might be different from those investors plan and besides they had a target to hold for 4 years, anyone can actually choose to hold more than 4 or 5 years if only you have the finance for investing, I think when it comes to bitcoin investment you should not push yourself with an amount you can't maintain like the way people sold their property to invest in bitcoin, very bad. Bitcoin investment is just for long term and this is the actually reason you hardly see people celebrate about their short term investment, using the dca is not just for the low salary earners or newbies only, this strategy is generally meant for investors but sometimes people still choose to buy aggressively, I view people like this as wealthy people  cause if a low income earner decides to buy aggressively without a plan he might end up with loss.
Firstly before investing you must have a goal and a plan of your weekly or monthly buy, if possible don't chase different predictions about the price cause this can be misleading at times when you continue to track the price. The basic truth is investors who hold for long have the ability to sustain their investment and once you have the finance then you've taken one step to your journey, they're other things attached to investment plan tho.

We should not only focus on the bull market that comes with this, we have to understand that during and after halving, there comes a highly volatile market season whereby you can experience both bull and bear within the same time, even though the bull will always prevail at the long run, but we must never forget on how it such clumsy with high volatility and we must be able to set a target or limit to the rate we may want to sell or buy in other not to miss out big opportunities during this period.  

I'll nitpick that part of your post because it's a common misunderstanding and it truly needs to be corrected every time it is mentioned or posted.

- The halving DOESN'T lower supply, it halves the block rewards the miners receive for finding a block. That lowers the quantity of Bitcoins sold and if demand stays the same, the price goes up after each halving cycle.


In the context of Bitcoin, we probably have two more cycles of UP, no?

You are actually correct about that. No matter how the distractionmay come from many participants, there is need to keep a particular thread on track because people always have there ways of deviating from initial plan, which the main purpose of the thread is mainly emphasising on how to HODl which is not only the only mistake people do, they usually go to other place and make that same mistake. I can relate to a particular thread which is like a rule and it say that it is not advisable to deviate from the initial discussion of any thread and making it turn to another thing but trust humans they will surely do it there own way. The best way to control such situation is by making it clear to anybody who is trying to deviate from the discussion. And if the person choose not to continue the thread he should look for the thread that will suit his sole purpose of curiosity. There is no how your car can break down and you take it to fuel station why you need to fix it in a mechanic shop. Each thread is like a solution to a particular problem and you can never leave to ask for solutions in right place and start asking questions in a wrong place.

Sure. In any thread like this there will be a lot of questions to know the important or reasons of the dip and hold. Expecially for those whom have not participated in the thread. Sometimes even people in the thread for long also use to be moved by Speculation and will come back and creat a wrong impression, by questioning the thread, only to discover that the thread has built a strong community which is kicking against trading and shitcoin investment. I know most people here might be doing trading but can not discuss it here. Because of the porpos of this thread. I am alway happy when ever I go outside the forum and see almost all participants of this thread mentioning or referencing DIP and HODL, it sound like an academy where they graduated from. And it's not a bad identy Afterall.

When there is consistency in everything we are doing, we are definitely going to achieve great results. They were able to get such portfolio. Many of are shouting DCA here but not all of them are consistent in doing it. But one thing is certain if we are consistent with our DCA we will be surprise by what we are going to achieve on the long run. Although it's not easy doing something consistently for four years, but once your sight is set on the benefit that you will achieve after the sacrifice, I don't think anything will be able to distract you.  Everyone who what's to get good results, should not be distracted along the way while buying through DCA.

the interval of two to four years is still a short term investment and the outcome of the accumulated amount of BTC at the end of the different year is just basically a function of the amount they've separately invested for the period of time.
 With how close the margin is for the two people that made the investment, it surely reiterate the fact that HODling for longer period of time with the range of ten years is obviously the best way to go cause you're certain of am incredible margin at the end of the interval of years.

But it isn't out of place to occasionally look at how much your holding has increased with respect to time just to get the motivation and drive to continue accumulating more for a longer period of time but you shouldn't allow it become a distraction to see four year Holding as a big deal to quickly celebrate.

Yes, the best way to invest is to invest in the DCA method. I came across two pictures on twitter today, a person invested in DCA method for 4 years and slowly his investment amount was 0.25 btc. Another person invested in DCA method for a long period of 2 years and his investment amount turned into 0.20 BTC. So, these two pictures prove that if one can invest in DCA method for long term, his investment will gradually grow and become profitable. If you want to invest if you don't have enough funds then you continue to invest in DCA method for long term, one day you can own a good amount of bitcoins.

buy the dip and hodl combined with a dca and hodl both imply hodl hodl hodl hodl.

Not buy low sell high buy low (not very easy to do.)

you can setup a dip ladder easy peasy.

we were 55k today.

set
-10%  50500 5 units of fiat
-20%  44000 5 units of fiat
-30%. 38500 5 units of fiat

dca 1 unit 0f fiat per week to 2 weeks or month.

and you are done.

that setup is easy.

but hodl hodl hodl hodl  not so easy.

No more complex than that which is above.

Yeah with DCA strategies one can secure a smooth accumulation of Bitcoin (expecially having good sources) that would help to make your DCAing frequently. Leading to one having a mature portfolio as time goes on (in long-term investment) but also one must have a good principles towards his investment, to be able to overcome the urge of wanting to withdraw their investment in a premature state due to temptation of seeing yah portfolio increasing.
those that are still procastinating is their loss. Because is better to learn from others than to learn from experience and at the end,  They would endup regretting, "saying had I known". There are lot of users that hasn't been quite long they Started accumulating Bitcoin and they keep on saying they didn't started on time. So what about those that haven't started at all that are still waiting for bitcoin to dip to a certain amount before thinking of accumulating, lol may be is when bitcoin would hit the price range of $100k+ before you would start your Bitcoin accumulation . The thing is that why not start now using the DCA method to be in a safer side buying in different price interval in even the dip.

Investing in DCA method is simple method for all investors, and best method for long term holding. So the people who will hold bitcoins using this DCA strategy are basically the successful and original holding people. Especially the big whales who have been successful today are the ones who invested and held on for a long time since 2015 year and 2016 year. So hold bitcoins from now and hold long you too can succeed using this DCA strategy to become a big whale.

Buying even below this current price would have been a perfect opportunity to hold Bitcoin mean while a lot of topics and discussions has been addressed on the forum yet some people are still either procrastinating or keeping dead ears to begin the process. Seeing Bitcoin at this current price should not be a discouragement of missing out from the entry price, it's clearly another opportunity to hold Bitcoin, fascinating fact about using the DCA approach is it doesn't really bother at the purchasing price but rather how long intended to keep holding.

Trading would always be off topic in this thread cause its the exact opposite of what this thread is all about, Holding, trying to time the dip is just the same as trying to trade, such rules don't apply on here, cause it has been proven with facts so many time on this thread that you can't time the price cause bitcoin is unpredictable and volatile all we do is speculate what we think might happen.

I actually agree with you cause I myself have and still DCA, every one have different reasons for using DCA but I do use it cause I don't have to worry about the best time to buy since I'm always buying, and @Hewlet no one said buying on dip is bad but actually trying to time the market makes it sound like your trading cause your more focus now on the profit you would make on your Portfolio in a short term than thinking about accumulating for the long term hold

Buying under $30k was actually a great time but doesn't make those that bought from 30k above any different, it's not about when you bought but how persistent you are with your hodling till date. Anyone can buy above 30k or even at this current price which I still consider to be a dip, and set for yourself a healthy DCA plan and still make significant profit at the next ATH. If we get an ATH before the half this time around then let be expecting something spectacular in this bull run we're about to experience.

But it seems different this time. Before we even touch halving, we've been seeing the pump that much and that's actually a good sign that this bull run might be better than the last one.

Last year when Bitcoin was under $30k, that was the great time for everyone to accumulate but it's still possible since we haven't peaked yet.

It's just for the sake of being curious and wanting to get into discussions about these prices. It's always been interesting if it's about that topic.

It's okay to participate to discussions but if it's for your sake and you're not really into it, you just read the thoughts and comments that might have some good things to pick.

Because bitcoin has different innovations compared to fiat, its potential use can still be obtained and developed. Increasing adoption has a positive impact on people's trust in it, of course not only the community, the government is also very eager to take advantage of it.

Bitcoin's long-term potential is still very reasonable to expect, but you should not ignore the many risks involved. If you invest because other people are profiting from bitcoin, you are forgetting one thing; Bitcoin is a risky investment if you have no knowledge about it. I don't want someone asking me to invest on their behalf, I tend to give them the advice to learn on their own and start on their own at their own risk.

Becoming a holder for a period of 10 years is not mandatory for you at all. If you are able to survive that period of time then I hope your psychology will be fine when you see a new ATH in a few years, and let it pass without you taking advantage of it.

The forum has rules around courtesy and attempting to stay on topic in the thread.

There are other threads that discuss trading.

Many times other topics can be related in a thread, but there should still be attempts to stay on topic, even if sometimes there might be other topics that come up that might relate to the main thread topic.


Every thread is still not the same, even if there might be forum goals that members improve themselves, the goals of improving yourself may well be to stay the fuck on topic.. that helps you and it helps other members.

This thread does have a little bit of a problem because surely it emphasizes buying and holding, but also buying on the dip, so as soon as we try to time the dip, then there can be questions about whether that is like trading, so maybe part of the reason that DCA comes so much into this thread, even though it is not the topic of the thread, is because DCA is compared with buying on the dip as one of the accumulation methods, including suggesting that DCA is better than buying on the dip, even though not everyone is going to agree, it is way more on topic to talk about various BTC accumulation methods than to get into discussions of trading.. and then what would you expect this thread to be?  all topics? 

Probably the ONLY thread on the forum that permits more free-wheeling of topics is the Wall Observer thread... in that thread you can talk about most things.. except if you get into shitcoin pumping, then you are likely going to get a lot of pushback.

Bitcoin is quite unique and still has so much potential in it. I stand to be corrected if I say we haven't really seen all there is in bitcoin. Bitcoin is limited in supply, where as good and real estate are not. This is why bitcoin will continue to give better ROI compared to the other investments you mentioned. With each passing day more and more people are coming into bitcoin investment. Those who invested $1k 10 years ago, have made their own profit and that's not important anymore. What's important now is making our own investment now and see what happens with the investment in 10 years time. We should be part of those who will among those who will say am grateful I invested in bitcoin in 10 years to come.