Topic: Buy the DIP, and HODL! - page 300. (Read 137270 times)

maybe I should help you get some narrative right.  the reason why you're talking about some people making profit and others making losses in their investment is that you're yet to understand the difference between investing and trading and maybe it's possible that you've been involved in trading to the point it has made you see buying Bitcoin as a 50/50 scenario that can either give you profit or not.

If you're holding on to your Bitcoin, losses is always not a possible factor, it's always the ability to accumulating more and having the patient to holding your accumulation that's the problem. If you've set out the right plan In place and you are able to accumulate more Bitcoin for a given period of time, you will certainly make profit. That's far different from trading that's more of a gambling adventure that eats you up and gives your an average loss at the end of your trading.

Maybe I should also correct that assumption that it's not everyone that succeed in his investment, if you have that kind of mentality, it's going to disturb your ability to managing whatever circumstances that comes your way while holding on to your bitcoin.  Apart from those that might have been impatient with thier Bitcoin investments and probably sold thier holding when they should be accumulating more, it's  never been unprofitable investing into Bitcoin. And always try to narrow your opinion to Bitcoin investments and not comparing it to any other form of investment that might have yielded loss in the process.

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

Considering how far bitcoin has come and may obstacles that bitcoin has overcome to get to this point, I won't consider $66k as a dip. The price is a good one for me. Let's not be too greedy in our quest to make more money and forget how well bitcoin has done. For me $66k is a good price and it is not a dip. Bitcoin can't be making new high every day. Anyone calling $66k a dip probably joined bitcoin investment early last month. 15 years ago many of us couldn't believe that bitcoin would ever get to this price, but today some people are calling $66k a dip. We should control our greed and celebrate bitcoin current price, even as we get ready for the full blown bullrun. I know a day will come when some folks here will consider bitcoin at $100k a dip. What an era to be alive.

that's more of trading not investing or long-term holding. Trading mostly deal with buy when the price is low (bearish ) and sell when is high (bullish) which those not match with the topic here. When comes to investing or holding for long-term, we don't bother ourselves with timing the Market instead we buy at different price interval using DCA method while we hold for long , and set aside a funds (reserved funds) we can use to buy the dip whenever there's any without it affecting our normal DCA accummulation, and also make use of the other strategies when its convenience. And we keep accummulating and hodl till we are gotten to point if having enough bitcoin in our portfolio (our accumulation goal). Then we can think of taking profit from it whenever is convenience forus , like when there's surge in market prices.

IMO this is a clear reason why anyone who wants to accumulate bitcoin for long term should stay away from any scheme that has something to do with selling and if you look at the risk involved and we were to give a possibility of the outcome that buying back would be possible then we could  be stuck there because there are too many uncertainties involved and no-one can really tell if that risk even has a 0% possibility of happening( my reason beign that just as you said they forget that bitcoin is still an early asset and has more possibility of going even higher and never returning to old prices and even so bitcoinis a very unpredictable asset), then at this point it is more like a gamble and why would anyone who really has good plans to buy more bitcoin consider this as part of his strategy.

Besides if you really wanted to accumulate more bitcoin then you should be more concerned with looking for means to increase our finances to be able able to buy more bitcoin( this could include having multiple income streams or finding ways to move some value we have in other asset to bitcoin just like the last example you gave where the guy has a non taxable event and is able to move up to 12k into bitcoin) which clearly has less risk(would possible pay out better)involved in it than selling to buy back unless anyone who wants to do this would be ready to accept the reality that he bitcoin price might never come back low again and he can end up buying back at an even higher rate than he sold, so this should be one of the senerios in his possible outcome and then if he still wants to proceed with the gamble, it's clearly his choice.

I see $66k as dip, because dip simply means just dropping from high to low price .but looking the new ATH created by bitcoin which was about $75k and the dip of about $62k you would see that btc price has never dip below that for long now.  that is to say $66k is considered dip. So any body that want to buy at $66k should buy as dip because Btc may never go back to below $66k because we are expecting it to go above $100k. A time will also come when $70k will be considered dip. So as Bitcoin is increasing so do other previous ATH becomes dip.

It is already looking like a dip considering the realities on ground.  Firstly, Bitcoin has shown obvious reluctance to go below $60k and have been hovering around $70k, this should be an indication that price lingering around the high of 2021 is just a case of resistance turn into support. I don't want to sound so much like a trader but it is what it is.

Secondly, Bitcoin halving is just around the corner and Bitcoin remaining around the 2021 high, it will be a kind of unusual to expect price to dip so hard. Therefore,  $66k is indeed a dip that anyone should consider buying at lump sum while we wait to see what the halving is bringing to the table.

Are we considering $66K a dip now?

You have ONLY been registered on the forum for a bit more than a month and you already have enough BTC to be fucking around in terms of trying to figure out if BTC is in a bull market or a bear market?

How have you gotten to be so smart so quickly?

Some (supposedly smart) traders (gamblers/influencers) have been letting you know the tricks (secrets) of how to play BTC upcoming price waves?


You might be correct in everything that you are asserting Jewan420, yet you seem to be referring to trading rather than to investing.


My adjustments were based on other points - including that I though that you were being a bit ridiculous with your numbers... but hey, you can do what you like.  I would not want it to appear that I agree with either your numbers of your approach that seems to be inclined to try to play the upcoming wave to your advantage which may or may not end up working out for you.


Which two concepts?

I mentioned front-loading.

And also

I mentioned whimpy versus aggressive.

I doubt that I need to explain any of those concepts any further than I already did.  What is to explain?  Maybe you can explain the extent of your understanding about how these kinds of concepts might apply to investing in bitcoin and then we may well end up having something to work with.


You are not at the stage of withdrawing, are you?  In this thread we talk about accumulation.  That withdrawal strategy tool presumes that either you have overly accumulated or that you might have a budget of BTC in which you are placing within the tool, such as if you set up a business or a trust fund with a certain quantity of BTC and they could use the tool as a budgeting/spending guide.

You have made a good explanation here but For me I think there is no need of having other extras fund. Reserved fund can serve as multipurpose because if you have invested in bitcoin through DCA and also set out an emergency fund and also set aside reserved fund I don see no reason of setting aside another fund for another thing, because the reserved fund is just like and extra fund which you think you would like to set aside . What ever you think you would like to do with money, all is in same place because this is the sole purpose for it. But if you chose to set aside another fund it is for you. But the standard in this thread I know, is just the Emergency and reserved fund.

I was going through your explanations to Roseline on lump-sum and I was also interested to learn more about it more better than the way I thought I know about it. In all what you have explained the one I love so much is the no 3 explanation. If anyone does not understand this number 4 I don't think the person would ever understand the concept of lump-sum.

that's another factor most persons that sell for the purpose of buying back don't always put into consideration. What's the possibility that Bitcoin would ever get low to the amount you've sold your holding? The reality is that at some point, you will get to understand that it's not always about being patient enough till Bitcoin dips down so you can buy back. Their are past prices that Bitcoin will never go back to and those that sold at those price with the purpose of buying back might have probably realized that it's not realistic for them to buy back at the level of dip they had speculated while they sold part of thier holdings and would just have to buy at the current price with future bullish period in mind and never consider that they've loosed in their strategy to buying back at the DIP.
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That tends to be one of the additional problems when traders are failing/refusing to sufficiently/adequately account for a certain kind of exponential upwards price pressure that exist in bitcoin, so they frequently will either consider the price dynamics of bitcoin as if it were a kind of mature asset or that bitcoin is correlated with mature assets or that everything that goes up must come down and other kinds of insufficient frameworks to consider BTC's price dynamics and potentials that end up costing them a lot of money for not sufficiently/adequately account for such, even when they might have had been successful in their execution of trades for many repeated times, it might ONLY take one or two wrong calls to either completely or mostly wipe them out of both their previous profits and then potentially sufficiently reduce their principle too.


It seems to be a very difficult way to attempt to make money (or to increase your BTC stash) for even the best of traders who likely have to know how to utilize either stop losses or other kinds of hedging mechanisms that allow them to be able to win no matter which direction the BTC price goes.  An overwhelming number of normies who might get into trading BTC are not going to either be using hedging mechanisms or knowing how to employ them in productive ways.


So  far, it hasn't worked out too well for those guys selling in the $40k range, and I really am having any doubts that the BTC price is going back to either below $40k or even mid-$40ks may well also be out of the likelihood of happening.. sure you never know, but who should want to be waiting for something like that to happen instead of just employing more sure kinds of bets that involve building/stacking sats.

Historically, there have been numerous similar kinds of examples of guys selling way too many coins too soon, and then either having to buy back higher at a later point or suffering from ongoing no-coiner bitterness, which surely should not be a place that any of us should want to be, especially when there are possibilities to get into and to build the right kind of mindset and perspective so that each of us might end up in the receiving side of the greatest wealth transfer in history rather than sitting on the sidelines and whining about it or in other ways having fun staying poor.


I don't have any problem with having a decent amount of money in fiat - yet I still believe that I understand your point, and you seem to be just saying the same thing but putting it in a kind of opposite framework. 

The main idea is that even if the fiat is more stable than bitcoin it is continuing to lose value.. but at the same time, it is not able to benefit from potential unexpected price rises of bitcoin which can end up coming at surprising times - but then also risks of having value in dollars might relate to temptations to spend it or maybe to get lazy in terms of not really keeping it sufficiently/adequately dedicated to buying back BTC..

but yeah, I am still not sure if any additional points are really being made in this part of the analysis that seems to still get back to each of us should be making sure that if we do sell any of our BTC, we are not selling large portions of it, and if we are in the process of accumulating BTC, it may well seem contradictory if we are ongoingly buying  and then all of a sudden we sell and then we are trying to figure out when to buy since we already likely might realize that we don't even have enough, so why did we sell any of our BTC in the first place when we already know that we don't have enough of it.


In this thread we are not getting into any kinds of strategies that attempt to play short term BTC price dynamics and considering selling merely based on possibilities that BTC prices might go up at or around the halvening.

Sure, there may be some misleading ideas in the thread title in terms of framing a kind of advocacy for buying on the dips, yet the non-existence of selling within the title or even in the OP and the various discussions around the topic of this thread, many of the active participants of this thread acknowledge that the thrust of this thread is to be attempting to advocate for methods to prepare for long term building and holding of the BTC that we accumulate, and sure there still might be guys who are somewhat occupied and/or preoccupied with trying to get better deals on their BTC purchases so that they can lower their overall BTC cost basis, but still that is not necessarily for the purpose of fucking around with short-term selling of BTC, even if the BTC price goes up in terms of cycles that have been somewhat anticipatory in terms of patterns that reflect previous halvening periods.

Of course, the more coins that you accumulate, then the more flexibility that you end up having, yet still I also think that we have so many members participating in this thread who are still quite new to bitcoin, so it tends to show that there is quite a bit of appeal to getting  set up with various good BTC accumulating practices, and perhaps when guys start to get to points in  which they have already reached their accumulation goals, then they might need to take their discussions of what they are considering to other forum threads - not this one.

If you are thinking about or considering when you might want to shave off some BTC so that maybe you can buy back cheaper or that you believe that there might be some advantage in such tactics, even if you are admitting that you still have not accumulated enough BTC, then you surely seem to be deviating into off-topicness and into the kinds of topics that we are not really getting into, at least in terms of this thread.


For what purpose does it matter if the price might shoot up or not?  You seem to be wanting to talk about selling rather than buying.  Unless I misremember your situation, I thought that you were still in your earlier times of BTC accumulation so why would you give too many shits about price spikes unless you might be trying to figure out ways to buy around them and to buy on dips and things like that, but it can be quite difficult to attempt to be too strategic about various buying strategies when the BTC price is ongoingly going up and your cashflow is ONLY coming in so fast... .. so one of the better solutions seems to be just continuing to buy and not think about the price and/or your cost basis too much until maybe after a whole cycle of accumulating maybe you can start to figure out some ways to adjust your strategies in terms of anticipating BTC price waves, but at least after a whole cycle you would have had been in BTC long enough to start to potentially have some decent amount of BTC stash.. whether your BTC stash is going to be in profits at that time, might be another story.. and so each of us can ONLY attempt to do our best, including understanding and/or appreciating that overall bitcoin's price trajectory remains up.. so our accumulation strategies should attempt to account for that to the best of our abilities to do so.


Well, we know that there is no guarantee, but we can still get a  sense of overall BTC price direction which is inclined upwardly.

We can also likely get a sense that it is almost inevitable that BTC is going to continue to be extremely volatile, and we are not necessarily going to know the direction of the volatility even though in the longer run it is still likely going to continue to incline upwardly.


Your clarification Roseline492 does not seem to get to the essence of the distinction between lump sum and buying on dip amounts.  You seem to be repeating the same error that I was criticizing adultcrypto for making.  I am not sure what else I can say to clarify. 

The mere fact that you are holding money aside to buy on the dip that happens to be a lot, that does not turn that "a lot" into a lump sum or to fit into the lump sum characterization.

The best examples seem to be something like this:

1) receiving an amount of money that you had not expected, and so any amount of that you decide to buy right now could be considered a lump sum and it does not depend on the amount.  It depends on your decision to buy right now with it, even if you might choose to divide the amount received into all three categories, the amount you buy right now can be considered as a lump sum.

2) when you first start investing into BTC you might already have an amount of money that you dedicate to buying BTC (let's say $6k), but you still might divide that amount into three parts.. let's say $2k for each of the categories . .the amount that you invest  right now would be a lump sum.

3) You have already been investing in BTC for a year or so, and you also have an investment portfolio that is of traditional assets like stocks, bonds and commodities.  Let's say your total non-BTC investment portfolio is $50k, and your BTC portfolio is around $5k, and maybe you start to believe that you had been investing into BTC too whimpily over the previous year, so you become concerned that you might not have enough invested into BTC and so you want to reallocate some of your non-BTC portfolio into BTC, and after carrying out some calculations and assessing the various things that you have in your non-BTC portfolio, you recognize that you could probably sell around $12k of some of the holdings without suffering any negative tax consequences since they are about the same value as what you had invested, so therefore, you decide to reallocate $12k into BTC, so that $12k could be considered a lump sum into BTC if you invest right away with it once you receive it, and you don't even have to invest all of it into BTC right away.  You could divide that $12k into 3 parts (which would be DCA, lump sum and buying on dips), and the part that you invest right away into BTC would be considered a lump sum.

IMO I don't think that investing in bitcoin should/would stop anyone from taking advantage of other opportunities that involve money, if you are following the plan of investing with your disposable income(money you won't miss) then it shouldn't be a problem for you cause this would be only a small percentage of your income and yeah if some sudden even occurs and you need immediate cash then you have your reserves to save you and I feel that its also good we have other savings apart from our bitcoin investment, so this can be used for other stuffs too.


Yeah it's very possible that we all have our several financial capabilities and i feel what matters most is for each of us to have good mentality with regards to how we approach our investment, cause someone with a good income and huge capital might be investing just 10% of his income to bitcoin and it woudl be quite huge for someone with smaller capital and trying to compete with them thinking that they are aggressive would end you up In a mess, so a lot of lessons are to be learnt from your last post with regards to each of us doing what we can and maintain a stead fast DCA approach.

When it comes to matters of how aggressive any one should be, it all boils down to a personal decision and this must be done based on our finances and how much we feel that we can put in bitcoin without beign wrecked or under any pressure, and that is why I loved the idea of when you said we should invest money that we know we won't miss especially for those under the age the 20 and focus more on a strict DCA maybe just like the first guy that remain with only 10% invested weekly and after 10 years he still had a very good stash and would be on more profit that someone who was either inconsistent or maybe engaged in taking to much risk too early and end up blowing everything, when we are new to accumulating bitcoin we often feel that we should put more to be able to get ahead in our journey and at times we forget the line between beign aggressive and overly aggressive, so I just stick myself with the idea that any money I put into bitcoin is gone untill the time of maturity.

When it comes to risk taking and practices that we feel that would help us accumulate bitcoin most people happen to be overly optimistic about this kind of things and they tend to engage in risk that they were not ready for, so everyone must accept responsibility for his or her decision regarding to how they play around or approach their bitcoin investment cause at the end of the day such risk would either be our downfall or make us regret and worst of all when we are still so early in accumulating bitcoin, it is even better that we just stick with the traditional DCA and any other strategy that we can add should be dip buys cause all this strategy just revolve around buying more bitcoin and has nothing to do with selling.

This is not a bad topic regarding how many coins is enough, yet you are describing the subject matter in such extremes, including putting in a kind of sentiment of futility in regards to how to figure out how many coins is enough.

I doubt that the subject matter of figuring out how many coins is enough is as futile as you are making it out to be. 

Sure, it may be somewhat futile to attempt to generalize how many coins is enough for every person as if we were to live in a society in which people were not able to choose for themselves, and yeah, even though sometimes, it might not feel that we have choices even in regards to our own lil selfies, we still probably should be attempting to express and to exercise our individual choices whenever we are able to do so. .which sometimes can be an uncomfortable and not easy thing to do.

I will admit that there are likely a few obstacles that any of us are likely going to have in determining how many coins that we need, and from my own perspective, I think that in bitcoin many folks error in regards to trying to valuate their coins based on spot price rather than figuring out some kind of fair and meaningful valuation - which might be something like the 200-WMA or maybe some other way of assessing fair valuations so that they do not contribute to exaggerating their own expectations regarding what is feasible and/or reasonable to do whether we are considering the matter of continuing to accumulate BTC or even matters regarding maintenance, sustainable withdrawal and/or liquidation.

Younger people might have some greater difficulties assessing how much of a monthly income that they want to maintain as compared with older people, and their difficulties would likely have to do with either their shorter period of being able to measure and/or their aspirations to increase their standard of living, yet not necessarily having very good practical reference points.  So, some value could come from experience in regards to figuring out monthly cashflow needs, yet surely there could be some ways to either theoretically think through the matter of future expected expenses and/or to just make sure to have some kind of a meaningful price cushion, such as striving to reach 2x, 5x, 10x or some other kind of target that is much greater than the estimated needed amount.

So for example, a guy might conclude that he would be able to work with some kind of default western-style entry-level fuck you status income of $6,666 per month, so long as that income level keeps up with the actual inflation (and/or debasement of the dollar/fiat) that is most likely inevitably going to continue into the relevant upcoming future.

So if he has his target monthly cashflow, then he should be able to come up with some meaningful range in regards to how many coins that he needs, and only recently I have become more convicted that BTC has very good chances (enough to bank on) to be able to continually generate and sustain a 10% withdrawal rate, so long as the valuation of how many coins that one has is accomplished from bottom BTC prices rather than BTC spot prices or some other less reliable ways of valuating the coins that a guy has stacked. 

So right now, I am presuming that 24.4 BTC is enough to sustainably maintain a $6,666 per month withdrawal rate forever into the future including inflation and/or debasement of the dollar/various fiat. I think that the sustainable withdrawal tool that bitmover and I put together helps to figure out these kinds of numbers, yet each of us remains responsible in regards to how we might use any of these kinds of estimation tools that show history.. while at the same time, they are not exactly speculating into the future, so each of us has to engage in our own speculations in order to come to numbers and/or methods that we believe to be workable for our own situations.  Of course if your expected monthly income numbers are different, and/or if you reach differing conclusions in regards to what amount of BTC you would be able to withdraw per year/month, then you are going to end up with results that differ from my own.


I think that you are overly stating the case AirtelBuzz.  Sure, it is good to have some ideas about where you are going and/or how long you are planning to invest, but many of the details can be worked out as you go, and one of the best things, especially in regards to bitcoin, is to get the fuck started asap, even if you might ONLY be starting with $10 per week.

Of course, if you start to invest aggressively and to maximize your available finances into bitcoin, then you are most likely going to need to have more ideas and/or details regarding specifics of your goals - yet even if you have some aggressive investment practices into bitcoin, you still might not necessarily need to know your exact timeline or even the amount of BTC and/or dollar value that you are shooting for - except that you are maybe aiming to maximize the likelihood that you are going to have more options in the future at some point 10-20 or perhaps 30 years down the road.. and some of the specifics and/or vagueness might also relate to age, in terms of older folks might be in a better position to specify their goals and their targets, but younger people might have hardly any clue, and they do not even necessarily need to lock themselves into specific goals.. but just have some general ideas of wanting to improve their situations in such a way that they realize that their future self will thank them for getting into bitcoin in a somewhat aggressive way as compared to if they had not gotten into bitcoin or if they had gotten into bitcoin too whimpily and in such a whimpy way that their efforts would hardly make any difference to their future self.


There is nothing wrong with attempting to have some specifics around how much we might want to spend on bitcoin each week or month, so I have no problem with the idea of having various systems in place that allow for structuring buys and/or making assessments that might be around the times that we are paid each month or when our expenses might be due or known... since maybe some kinds of income and/or expenses might be somewhat fixed and knowable and other income/expenses might have a decent level of variation.

Personally, I like to use an excel spreadsheet to project my income/expenses 6 months to 24 months into the future, so using those kinds of projection tools can be very powerful in terms of attempting to plan some of the specifics that you seem to be arguing as important... and I am not going to disagree with you about those kinds of ideas because there are quite a few aspects of planning that can help to really empower us by giving us frameworks, while at the same time, we might not be able to really hone in on specifics, even though some of our planning tools might help us to narrow down various ranges and provide us with psychological and financial cushions... And, many times, I have asserted that we are frequently way better off psychologically when we are able to set up our finances in ways that are tailored to our circumstances and retain/maintain various kinds of built in financial cushions.. whether that is referred to as emergency funds, reserves and/or cash floats that are built into some kind of a meaningful projection forward.

Ser, if you truly understood what you're holding in your wallet, and in what situation our economy and society is in, then it would be the easiest decision to merely BUY AND HODL without any thoughts of selling, especially now that the billionaires want your precious Bitcoin.

You don't know in what situation our society currently is in right now? Watch and study "Society Is A Ponzi Scheme" and "Middle Class Is Wiped Out" in Tom Bileyeu's YouTube channel. We NEED assets like Bitcoin.

Bitmover has figured out an innovative solution to this problem and that too free of cost. You already have seen and acknowledged that fix.
There is banner of bc.games on that site and it's good that site is getting recognition. Putting banner means the advertiser knows the site has got good decent traffic.


But we both have concent on DCA, Buy the dip and lump sum?
Honestly I don't have idea about these two concepts, they are new to me.


I too have a look at this site daily or at least once every two day. I am new to this tool and still learning it by trying different values. It's a good thing to train your withdrawal strategy.

Good, you understand my point. It is very uncertain that the same pattern of bitcoin price movement after halving will repeat this time. I noticed that many people are being careful because if nothing else will bring up a change in the pattern the ETF and other factors that I have already mentioned earlier will surely do. The best and most secure strategy now is to not sell at all.

Let all investors here take a look at the all-time chart see the previous dips during the previous bitcoin halving, and observe if it is worth taking the risk this time to follow the price swing. At last, we are to make our own decisions but IMHO because of the mass adoption the price movement will be different this time. I would have a second thought about selling off because it will be dramatic when I start regretting that the price starts increasing significantly after the halving occurs and I can't buy back in.

However, with that being said, there will always be people who are willing to sell and people waiting to buy and accumulate more bitcoin.


Dont forget when I said this when it happens, although Jayjuangee made some readjustment

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin. From this point of view your profit is appearing small but on a large scale you are deprived of big profit. In this case colored bubbles (small investors who are satisfied with little) maintain their activity in the market. Similarly, large investors tend to have a large size of  buy the dips in the long term to see the ocean waves.

And if small focus on one thing then they can continue to take home more profits and that is to limit bitcoin purchases when the market is bullish during the DCAing and double buying when the price is bearish. Although Bitcoin's exchange rate tends to rise like a push-up. By this time Looking forward to the bull run again.

Thanks for the clarification because I noticed that most people have been confusing buying at dip to be Lump Sum forgetting that they are two different things, however they feel that targeting there DCA accumulation during when the price is dip is considered to buying in Lump sum without knowing that they are actually buying at dip, and also one of the things that distinguishes between DCA and Lump sum is actually the amount because in DCA accumulation in other for people to keep there accumulation running they need to reduce the accumulating amounts in other to suit there financial state which could be accumulating a bit a bit regular in other not to run out of funds but in terms of Lump sum when there is an opportunity of price decrease we buy a larger amounts at once.

oh thanks for the correction sir JayJuanGee, you're right many individuals always think that they are being smart taken profit at any slight increase in market deceiving Their self with the mindset of am going to replace it back , with out thinking that any withdrawal from your investment is and deduction to the growth and potential of that investment. For instance someone having 0.5 bitcoin and due to various withdrawing from it with the mindset of replacing when the price drop but instead the price kept on increasing lateron discover that he was having 0.3 bitcoin and his plan was to hold his 0.5 bitcoin which was his accummulation goal ( I'm actually using this for an illustration), till bitcoin hit the price range of $100k+ for him to scrape out some profits , so then bitcoin hit that price range when he was still waiting with his 0.3 BTC for price to drop, now you can see that the profit he was hoping for his investment was not able to provide such profit due to the continue act of withdrawing from his investment with the plans of replacing them. That sir JGG made this statement that the investor would have to suck it up , since patience is not likely going to be enough to get an opportunity. So if you're actually such investor i think you should minimise or stop such act and continue with just your bitcoin accummulation without thinking of withdrawing till you hit that accummulation goal.