Topic: Buy the DIP, and HODL! - page 299. (Read 137272 times)

Following the price sometimes can be a little disturbing, even with the ideas buying should always come first. Bitcoin price is unpredictable that's why it's advisable no one should play with his/her investment. If we're considering $66k a dip it's never too late to buy now. Let's consider earlier price as the main dip comparing with the current price, I don't expect anyone to stop accumulating during this period

When it comes to bitcoin investment, there's this saying "the way you lay your bed so you lie on it" bitcoin investment has nothing to do with failure at first start except you're referring to altcoin projects. Bitcoin investment still doesn't allow an investor to depend on their investment and accumulating at the same time except you're the type of investor that want a quick  profit but I still don't think it can workout. We talked about profit making and taking out early and it's not perfect when having a low accumulation level, for example, an investor can decide to invest in bitcoin with a selfish aim of making fast profit or like what you said in your last paragraph but the end result is nothing.  Bitcoin investment doesn't work with greed neither playing a fast game

That is actually what this thread is all about, not investing on shitcoin but rather invest on bitcoin. Looking at this information I see that it was a presale and not a direct purchase. It's more likely  an airdrop. There has been several warning about not buying altcoins and shitcoin but anybody who chooses to buy it, buys at his or her own risk or detriment. and when the problem comes, it will affect the person all alone. Everything we do depends on individual differences.

Yes, because the bitcoin price has surpassed the $66k price and also set a new all-time high. Any bitcoin price that is below the new all-time high is a dip. Anyone accumulating bitcoin now will be happy because the bitcoin price is currently in a dip. 

It is not a wise way of investing, and such method of buying and selling over and over again will take your bitcoin investment portfolio to nowhere. The plan is to invest for the future and the longer the timeline you hodli, the more profit that you would have. If you buy at the dip and sell at the bull run, it seems that you have short sight of what bitcoin would be in the future, and you don't have a bitcoin target. You prefer to just be stagnant and reap from the only profit of the circle, instead of allowing your bitcoin investment portfolio to grow for upto 10yrs and above so that you can enjoy from the compounding profit that would be accumulating. If you can hodli and grow your bitcoin investment for a very long time, and never think of selling too quick, your bitcoin portfolio would be able to reach a level that, even if you are not buying regularly through DCA anymore, your bitcoin investment would be making more money for you.

This is why an investor needs to aim high as not just within a circle or when bitcoin price dips, and it pumps to an extend, you rush to sell and hope to buy back. Why are you selling to buy back, if you know that bitcoin investment is worth hodli. Why not save yourself the stress and panic because of your actions. There is no investment that can give you the kind of profit bitcoin can give you, because you might say that you want to sell and use your profit to invest on another business. Think of increasing your bitcoin investment till infinity, and not starting all over again every time, because you will not get closer to the fuck you level.

A good investor will always know that his investment asset in not what he can use on other purpose, even the realized profits are expected to get back into the investment in other to have more chances on earning more from the additions in them, we have to maintain a unique kind of business model and this ethics is to maintain the boundary on what we use our intended investment fund for, we cannot do without attending to some needs as they may even come in urgent to us, the reason why we are expected of having alternative to our source of income, when we invest, we buy the dip, hold and when the market rise, then we sell, we do this over and over again.

It doesn't matter whether if it's a meme or just another shit project, just imagine how much he has lost, and you would still find some persons talking about diversifying into altcoins on this trend as tho they have any value in them, if this guy had used this 10k to start his bitcoin investment journey and maybe splits the amount into 4 parts and used a part to front load his investment with a lump sum buy he would have 0.038 bitcoin right now to start his investment journey and even if you divide that amount in halve most of us here have not even been able to invest such into bitcoin since we started. We'll he got what he deserved and I think he should learn from this.

This is something serious, from a $10k purchase of that shitcoin to $129, I strongly believe it is a memecoin, just what they are known for. I am still on the thought as of why people will prefer embarking on investment like this, I see people here who call it greed, seems like I have no other choice than to accept as fact. Excessive haunt for profit has ruined many investors and investment, these investors are completely aware about the effect and repercussions of dealing with massive funding into shitcoins if it goes the wrong way, at which it is clear that these shitcoins are 99% expected to dump than pump. It is now a matter of had I know, he should have insisted on investing in Bitcoin but his pursuit for bigger profits has landed him in a doom.

I don't really get what your pointing out to, you either seem to misunderstand the person you quoted or maybe pissed for another reason.

Each market trend or cycle often give us tips that we are in that cycle or entering, so I dont agree with you that we would only know what cycle we were in untill it is done entirely unless in cases where we are not sure or dont have any solid prove that we are in the bull or bear market( maybe cause of some consolidation and high volatility which happens to be the behaviour of the market). A bull market would be when the trend is buying overall and you should be looking from a higher time frame up to a year or 6 months, so basically when ever the Market overall trend is buying its a bull and when uts selling its a bear, but what soever most of us are still early in our bitcoin investment and news of what trend we are in shouldn't bother us cause we are still trying to accumulate some bitcoin, but yeah it's cool to want to take advantage of the dip to accumulate more bitcoin at a cheaper rate and maybe trying to be more aggressive in bear season and less aggressive in bull seasons. But if i must say we have been big dip since 50k to even 60k cause this prices are below our last ATH and we should consider it a dip, so yeah anyone buying then should have been aggressive if they knew and had taken advantage of it too, so I guess if you are behind in your accumulation or just starting market trends don't mean much cause you should be buying.

IMO we are also experiencing a little dip and it's not a wrong time to buy cause you know the halving is not yet here and yeah we don't know what to expect, but to me any price below the last ATH is a dip, so buying now wouldn't be a bad idea if you have money in your reserves to use.

Actually I may not understand your definition of investment but I totally disagree with your definition because the only reason why people chose to invest there hard aim money to anything, they have the believe that in some point in the future they would realize some profits, so the main purpose of investment is making profits at the end, I no that there are other business that most people venture into and at the end they failed, which is as a result of venturing into wrong business, so perhaps that's why Bitcoin is a game changer for those who believe on it potential because in as much as I may not know what will be the exact worth of Bitcoin in the future but one thing that's for sure is that if you keep on investing on Bitcoin you will be happy with the outcome in the future and also there is no way your investment on Bitcoin will failed unless is actually from you.

Also in terms of having source of income, we have actually discuss it here more than twice that in as much as it may seem very important but with a proper planning you can start accumulating Bitcoin even when you don't have a steady source of income and before you know you have gotten a good amount of Bitcoin in your portfolio because many have tried and is working for them so perhaps the earlier you realize that the better.

you know we can't always jump into conclusions whenever bitcoin goes dip a bit at a particular week and then change our opinion when it suddenly goes high again.  It's been regularly reiterated that you only know that you're in a dip or bull market after the season has past and then the price of Bitcoin iether goes high or comes down. What was looked at in the past as an ATH would later become  a seriously dip and that has been how the system worked till we have the current ATH that will in the future become a dip. Know that event will always play out to either increase or decrease the value of Bitcoin every week and we've seen how Bitcoin has looked a bit stable from the range of $68k to $70k for almost a week after which we are anticipating a serious surge that will probably lead us to $100k or above. The issue is that when you spend all your time looking at what particular price is a DIP or which isn't, you're indirectly putting yourself in an unnecessary pressure and you're looking like some that's in search of quick gains and not some one that's ready to HOLD long enough.

These analysis are all speculation that may or may not happen out the same way we assume it will and exception of people that might have reached their accumulation goal and have excess reserve that can go into buying during special dips, it's never too necessary to look at $66k as a dip or not. What you're after is that you are able to buy up as much as you can and not get into the thought of slowing down on your accumulation because you want the market to go further dip than it current price. It was just few weeks ago that we saw a new ATH but it doesn't make any serious difference to someone that still has a long way to go in his stacking and has probably two or more to comtine stacking and is never thinking on selling anytime soon. The goal is to continue buying in line with our DCA routine and maybe increase our the amount we will use in buying during special dips but overly being concerned about which particular price is a dip or not wouldn't make any difference at all.

I know people who engaged in this practice and at first it looked like good business and easy money but as time progresses, they usually come back to face reality which is that they have ran out of Bitcoin or have their Bitcoin portfolio depleted with no way of accounting for the profits made. This happens in two ways, the first of it is that when they buy during bear market and sell during bull market, some usually keep this money in their bank or in stable coins and every now and then they will always see a need and will use part of the money to meet such needs. This will continue until the money is seriously diminished. The other way this happen is that they shift their profits from Bitcoin to shit coins with the believe that after the bull season comes the altcoins season. The end of with stories most of the time and I see this as similar to gambling.

There is a high probability that someone who buy and sell across seasons might encounter problem which can have serious impact on his overall portfolio. Instead of this pattern, holding across seasons is better, because those that have been holding since 2013 are heavily in profits now, and same can be said of those that have been holding since 2017 and so on. Bitcoin always gets better with time.

You're right .... US spot-Bitcoin ETFs have been trending lower this week. Bitcoin is down 10% as of Tuesday morning from its peak in mid-March.  Apparently the price may have this downward trend until the halving. The amount of digital assets around the world continues to decline at a significant rate. Although I wouldn't compare bitcoin to any other currency. But it doesn't seem like the price of bitcoin will drop as much as you said. But golden opportunities have arisen for small investors like us. During this fall period we can increase the level of DCAing to double the rate which in the long term can increase the profit like buying dips and cycle growth rates.

This Is the result of dealing with shitcoins, just look at the amount the guy invested in a shitcoin with no use or any purpose just in the name of making massive percentage of profits, mennn that's just greedddd. Just imagine investing such amount in Bitcoin it would definitely give a good head start in your Bitcoin accumulating. And the funny thing is that alot of folks won't learn from this , until experience lock in their door and give them a taste of it. So you better learn from others than letting experience to teach the damn hard way you can see that the guy have learned the hard way . Alot folks at there spreading false speculation concerning shitcoins, luring people in invest in some crazy shitcoins, which is so wrong that you have to be careful with kind of information that comes your way expecially in this space , and you can see the dip the shitcoin undergo. The funny thing is that the chances of this coin ever thinking of recovering is pretty low. So try all means to stay away from such investments to prevent such scenario From happening to you .

I do agree with you on this, another disadvantage of engaging in this kind of practices too early is the risk of getting stuck in such ways and can potentially wreak your mindset and slow down your accumulation process even more than you had intended when you felt that buying back would give you more advantage to acquire more bitcoin, and eventually you end up selling and bitcoin continues to rise and never goes low again , you are either left with two options to quit or to buy back higher and I believe that so many people that sold off to much of their bitcoin too early are in much regret right now.

I wonder if we could put this in a fair hypothetical to further explain this possibility properly.

I am very sure about it, that people actually knows the danger attached to investing in alt and shit coin, but they mostly let greed for bigger profit becloud their sense of reasoning, you will hear something like this from a motivational speaker that if you can invest in a coin that the price is 0.00000002, if the price gets to 1 dollar, you are f**king rich, which is very much unlikely, and once the price of that coin collapse just as this, forget it, your investment is gone, and the most sad thing is that most of this newbies will never learn.

 But with Bitcoin, even though their may be a sudden collapse in price just as this, it will always recover, because it has proven itself over and over again since it existence that it can rally back, so to me, what is very important is continuity, and Bitcoin gives me that,  so their is no point getting greedy and risking my hard earned money on any alt or shit coin.

At first I will say that I don't think we are discussing much about selling here  but investing and your expression gave an insight of a trading strategy rather than investing making it off topic, buying low and selling high is more like gambling than investing. However when you sell at the time of bullish and planning to buy back when in bearish might make you waiting for too long before entering the market and you may buy higher than your selling point, attempting to time the market can be very wrong approach because Bitcoin may go up and never return back to your speculated bearish season and you may completely missed out of the market.

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

In as much as I would love to agree with you but I doubt if it will happen because those words are just based on assumptions and not fact and besides in as much as most people feels that they  can interpret or predict the movement of Bitcoin price doesn't mean that the price will go exactly the way they had predicted because this was a similar case of Bitcoin months ago when the price was consolidating on a zone between $26k to $28k then and there was so many predictions, targets and speculation that the price will likely drop more dipper but at the end reversal was the case and people end up missing opportunity they would have use and accumulate Bitcoin, so right now in terms of investing we shouldn't consider more dip before buying because Bitcoin has already presented a good buying opportunity now, so waiting for more dip is like depriving oneself of buying Bitcoin.

It's actually true that the price of of Bitcoin can deep further considering the fact that it's in a downward trend even on the longer timeframe, but the thing that makes me have a doubt if it's going to go down further is that, the price of Bitcoin now is in a very strong supply and demand zone, which I really don't think it, it can break this his present support level, but as an investor that we are, I really don't think it's necessary to be looking at that if we really want to invest in Bitcoin, so I sees it am opportunity to buy aggressively according to my financial strength through the DCA method am been using to accumulate it, but as a long term thinker that I am, looking at the price chart is not necessary for now, because that price doesn't reflect the actual potential of Bitcoin price in the future.

It wouldn't be necessary making any form of arguments as regards to whether we are considering $66k a dip now or not. However a dip is considered to be a decline  in price after moving upward to a certain degree, for in instance,  if Bitcoin has made $75k at ATH and now seeing it at $66k that is $75k -$66k =$9k decline has occur which makes it an opportunity for those that where prepared for a certain range of dip to buy more Bitcoin at a price lower than the highest it has created. Hence Bitcoin at $66k should be considered a dip and as an opportunity of buying more Bitcoin and hodl for as long as possible of about 5 to 10 years or more.