Topic: Buy the DIP, and HODL! - page 301. (Read 137274 times)

the truth is that most persons always wants to play smart and put themselves in a better profit region and I totally understand what's the bases that backs them up since like you've rightly said, past event and basic economic principles have proved that after the halving bitcoin always crashes which can support and encourage them to sell during the hallvng for the purpose of buying back when Bitcoin crashes but then, may crash after you've sold your Bitcoin or it may not. It may still keep being bullish past the amount you sold your Bitcoin and then crash with time without crashing to the amount you've sold it and then it gets bullish again. The truth is that times have changed and the event playing out at this moment mostly suggests that Bitcoin might continue climbing up longer and longer and if their might be moment of crashes like what has been going on within these few months, it will be some kind of small crash and major bull and then small crash and maybe a bull bull! Bull.

Selling to buy back at this stage will be one of the most complicated and uncertain period to buying your Bitcoin with a buy back strategy because it's obviously climbing to $100k and above within the year and most of the amount you might want to sell with the intention of buying back when it goes bellow such price might end up fucking you up big time.

The point is there's no guarantee they will buy bitcoin at the previous price, no one can actually predict but it's best to avoid such risk cause for example; I bought bitcoin at a very low price and decide to sell after making little profit with the aim of buying back and I never get to see such price again. In this case an investor will look stupid for behaving in this manner and it sounds like an investor want to play with their bitcoin investment, mostly newbies cause selling or making fast profit should never bother a newbie at an early stage, for example selling should not be the priority of a newbie. It's more better to keep accumulating regardless the price cause we're actually planning for a long term investment. Secondly there's no guarantee holding fiat for long just like what Frankolala wrote, during the past months my country experienced similar issue when the currency lost value drastically, just imagine an investor playing fast game during this season, when there's no enough money to meetup such investor will definitely loss and regret.

It takes a special set of persons to think it’s a smart move (ironically) to sell their bitcoin especially in this period when we are expecting the halving right around the corner. The ETF approval, which was a success, institutional adoption and the halving which is days away is enough reason to know that bitcoin price feels more secure.

Even if they put in some value to sell now and buy back later. I don't still see it as a smart move. Yes they can do whatever they want with their money. At the end everyone will get the investment return that they deserve. Quote me if I am wrong, during the several Bitcoin halving bitcoin crash in price after the halving process so this gave the ideology that every bitcoin halving it is best to sell after the halving you buy and wait for the bullish. It may go in this terms or not. But what amazes me is how people think that because of things that happened in the past, there is a guarantee this time around things we go the same way. However, i just wish they were happy at the end.

Goals are essential, when it comes to investing not alone Bitcoin. The first thing we have to consider during Bitcoin investment is setting a budget, this is called placing our goals and we should be able to emphasize our interest on achieving all of it, this goals does not come on an easy way, it takes a lot of sacrifices and dependency that will try to corrupt the mind into backsliding and letting out our determination. The moment an investor takes out any portion of his investment too early in order to tackle few challenges may show a bit of his incompetency dealing with his investment planning. Taking loan money or investing too much than what is due it's harmful and may lead to poor decisions as a person would need back the funds invested which means selling out part of the investment to cover up the debts or problems and this is totally a wrong approach and goal setting to a successful investment

There is no investment without a goal. This is because goals help to make inclined decisions so that an investor can achieve the mark. Investing without a goal in mind is really problematic and i will tell you why.

Each time an investor starts an investment without a goal in mind. It will be difficult to adjust to reduce exposure to risk. Of course there is this risk appetite that comes in between our investment period where we think of taking more risk so that we can increase our portfolio. Without a target we would consider taking those risks but when we have a goal in mind we won't because we do not want to hinder the plans made to meet our goal.


Also, not having a goal in mind can bring about indiscipline, unfocus, and the anxiety to start tempering our investment when there is a little profit. Life events cannot be stopped, sometimes it triggers investors to take some profit out of their investment which will affect the portfolio. But for an investor with a goal it cant affect your investment. This is because you will take the money from your savings or emergency fund. Having a goal in mind keeps you prepared for your savings and emergency fund on the line so that when unknowingly things happen you wont be left with no choice to dip hands into your investment

It is good we understand and emulate every basic knowledge required to sustain our Bitcoin investment, the knowledge isn't something difficult to comprehend but still most people decides to neglect the facts on how the system operates. Along the whole process of making Bitcoin Investment, if not for how hard it is to earn money to be able to invest, I would have said the purchasing aspect of investment is the most easy phase, it gets more harder after purchasing Bitcoin, holding to one's portfolio despite the ups and down, the DIP and being so much composed not to tamper with the investment in order to solve certain problems. Rules and guidelines have now been placed to help every investor as to continue holding and not selling too quickly, the laid measure is directly on having emergency and reserve funds, this will serve as an important option to counter the mindest of selling.

The DCA strategy is also there to help investors understands that how large or little one's pocket is does not hinder one from owning even little fractions of Bitcoin.  The DCA helps to regulate the amount of money to be invested, so we do not go broke and begin finding ways to tamper our investment. DCA acknowledges purchasing at what we can afford at regular intervals that after all set/dones we still have enough to care for our daily living .

Exactly we need to consider our financial capabilities so that we could able to asses each situation we are trying to do and we will not exceed to our limit that can possibly cause a failure. That's why its good for investor to know the size of the amount he can afford to spend so that he will not be bothered by other thing like his responsibilities in real life. Its really important that they should not look at other people investment since there capabilities is not the same, they should focus on their investment and how they can possibly earn more so that they can add up some amount when they have extra money that they are willing to spend to increase the volume of their bitcoin investment.

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.

One of the main issues with selling to buying back in the future dips is that you don't know when to expect the dip and can't tell how long you have to wait before it dips below the amount you've sold part of your bitcoin and with a lots of uncertainties that's associated with it, selling to buy back might in most cases not end well.
Earlier this year when the price was revolving around $40k, somany might have been between two opinions of either selling or to continue stacking and those that might have probably sold at those price with the intent of buying back are obviously in the position where they are damn uncertain whether or not Bitcoin will dips back to $40k. And converting your Bitcoin to fiat comes with another issue you have to put into consideration like if your fiat that's now in a centralized system and subject to tax and other regulations would be in good shape for a longer period of time if you necessarily have to stay for months before you will be able to buy back. and believe me that it will get to a point when we will be certain that such a scenario may never happen which means that we can't buy back at the price we sold our Bitcoin.

That's why it's very important to have a clear goal in mind before venturing into Bitcoin investment because their are so many things that needs to be in place strategically for you to be able to hold effectively, something like having an emergency fund and also having a source of income so as to be able to sorts out your pressing financial needs, and you wouldn't have to look at your investment at any pressing financial issues, because while Investment is a different thing, holding on to your investment is another thing altogether, so it's very important you prepare for the unforseen circumstances that may affect your investment in one way or the other,  so not having an investment goal is not a nice thing as an investor that intends to be successful.

While investing it is important that we should consider our financial means and stay within our reach. If we follow those that have more financial means than us and invest to the extent that they are investing, we might run into trouble and it is not sustainable that way. It is very important that we don't compare our investment portfolio with others. It is better to buy small and hold for a long term, than going out of your means and buy big of which you cannot sustain, which you will eventually sell off at loss due to the fact that you are in financial pressure.

if you don't even plan, thier is no possibility that you're going to implement anything and so it's very necessary to make the right plan that will put you at a less risky position. Again, there is no certainty that everything will go out as planned and it's not mostly realistic that you will be able to follow up all the details of your accumulation plan to the latter but what planning does for you is that it serves as a guide that helps you fall back on track if you're going off your plan at some stages of your accumulation.

Let's say you want to accumilate up to $30k worth of bitcon at the end of three year's and you don't have a plan in place and you just buy whenever you choose to, at the end of the day, you will end up not meeting up to 40% of your intended plan because it's difficult to follow up on a routine when it's not properly planned out. If you have the right plan in place and maybe you even have a roster that you can regular check at every point you've succesfully done your weekly or monthly DCA, every unchecked roaster becomes a motivation to buy more during the next week or month and by doing so, you can easily meet up with your Bitcoin accumulation goal.  Generally, implementation of any set out plan isn't always easy and that's the reality that's not just applicable to the Bitcoin scenario but applies also to most parts of life but you've got to be disciplined enough to make sure that all the things you've planned out are meticulously executed.

Planning with a clear vision is easy but implementation is difficult because there are many things involved in the money you earn.But DCA strategy for depositing bitcoin is very easy to implement on daily or weekly or monthly basis. The desired investment success from bitcoin depends on proper and well thought out planning. Long-term investment planning is the key to bitcoin success.

Before investing in Bitcoin we need to have a specific goal and plan. For example suppose many people invest in such a way that they want to invest weekly or deposit bitcoins and there are many people who want to deposit bitcoins monthly even their amount of money is different. Everyone's Bitcoin investment plan is different, some may want to deposit more bitcoins and some may deposit less bitcoins. I think those who don't have a specific goal or plan about their investments are either haphazard and can break or sell their investments at any time.

So before we invest we need to focus the goal and set a specific time frame for how many years we will hold our investment and accumulate bitcoins accordingly. If we can set a specific time frame for our bitcoin deposits and keep depositing bitcoins every month or week accordingly, maybe our investment will gradually increase and we will be able to reach our specific goal.

Thinking you reached enough coins may be an error. Can’t be sure 10 or 20 or 30 is enough. But 500 should be good.

That is a fair example, except your math is wrong for the guy who sold 0.05 BTC at $10k (which is the equivalent of $500) in order to buy back cheaper, but he was not successful.

Another example of recent times is that there were probably plenty of guys selling on the way up from  $27k to $50k, and they were expecting to be able to buy back cheaper, and they may well not get any opportunities to buy back for cheaper than they sold, and at some point they may well have to suck it up since patience is not likely going to be enough to actually get an opportunity.

And, some of those kinds of folks who sell way too much too soon because of their expectation to buy back cheaper, they get into a pretty lame, negative and disgruntled mindset.. All because they thought that they were being smarter than everyone else.

We should understand and appreciate these examples that when we get 10-15 years down the road, we are likely going to be in a much better position in regards to our BTC stash and our overall wealth because we had continued to stack sats through thick and thin and even if our costs per bTC might be higher than otherwise, we may well end up accumulating way more BTC because we kept the right mindset of an accumulator and a sat stacker.

When we often talks about the word HODL, to some people it seams HODL is a kind of slogan people often use and may not know the power in that word. Though it might be a bit difficult to many who don't know the value but important to those that know the value. I wounder why Some body would sell his coin and expect to buy back when the price is low, of course that is trading. Selling to buy back would only make you even lose some bulks because sometimes when you sell and expect to buy when it is low the price will increase and the more you wait for it to dip theore it keep increasing untill you may loose interest in buying again. That Is why it is important to have a steady means of income generation that will help someone to be able to buy Bitcoin every week without minding the price wether it is dip or high. The only thing that can make someone to sell Bitcoin and expect to buy back when it is low, is due to lack of steady income, or trying to play Smart. Forgetting that there is no smartness in selling and buying with your accumulated HODLing. we often talk about DCAimg, because it is the easiest way to solve the problem of not knowing when to sell and buy. For example When you buy Bitcoin in week A at $20 and the price of btc dip a little, there is no point selling it to wait for btc to dip more before you buy because if you sell you have lost some amount due to the dip in price of maybe-%10, instead you wait to buy another one in week B another $20. now when the the price increases by +%10 the $20 *2 which is the $40 will be making %10 each that is %20. So DCAing plays alot of role in this aspect of investment.  In summary, Whenever the price has dip, there is no need to sell and buy, instead buy more with a reserved fund except you don't have reserved fund. But if you are working and receiving salary you should be able to set aside your bitcoin accumulation regularly amount to buy more. But If you don't have work am afraid, you will keep playing with your btc HODlings

 yeah alot of users are used to such act selling from their bitcoin holding with the mindset of replacing it , one thing you should be Aware of is that most time you won't have that privileged to buy it back that same price or cheaper price ( if one wanted to replace back) , like for instance now alot of users bought bitcoin during the time Bitcoin price was Around $10k , alot of users sold from their holding with the mindset of replacing it back, at the same ( they brought it)  or much lower price, but look at now bitcoin already around $70k and alot of people who sold like $500 worth of Bitcoin during $10k which would be 0.5 BTC . And lateron replace it back ( with $500,) during the price range of $60k which would give that same individual 0.0083333 BTC . You can see the great different. That's why not advisable to keep withdrawing from your investment even one having such mindset of selling with replacing it back .and we are all aware that those that started their bitcoin accummulation would be in more advantage's than those that invested now .

You seem to be presuming too much.  If you sell on the way up, and the price does not end up coming back down, then it does not matter how patient you are.  We have had a lot of those kinds of examples in bitcoin's history and we are going to continue to have those kinds of examples in which people are selling and expecting to buy back cheaper... so do I need to list the many examples of that? 

Do you really believe that it is a good idea to sell some of your bitcoin when you don't have enough in the first place, and then just wait it out?  Sounds retarded to me, especially if you have not yet reached a status of over accumulation and especially with a paradigm-shifting asset like bitcoin that still seems to be in its earliest of adoption phases, and when the largest wealth redistribution known to mankind is in the midst of happening, why would you want to fuck around trying to trade that unless you have already assessed that you have enough or that you have too many?

You can do what you want if you are of the belief that patience is the solution to some diptwat who sold too much too soon.


It is a bad idea and a bad practice, but you are free to do what you like.  No one is stopping you, but if you try to argue that it is a good idea then you are first not even in the right thread for such topic, and you also are not likely engaging in good kinds of long term investment practices, especaily when it comes to BTC.


Sometimes if guys sell too much too soon, and they get opportunties to buy back, they will need to figure out how to not get too greedy, and it is largely a losing game to try to accomplish the buy backs, and surely it is better to make sure that your fees and/or taxes are covered, and to me it seems that the one of the ONLY ways to really ensure success with these kinds of tactics is to be a professional trader(gambler) who knows how to make appropriate hedges of his bets, or the more realistically practical way is to make sure that you have enough or more than enough BTC when you sell any so that if you end up selling any, you have already figured out that you are not selling too much too soon, so you are not necessarily planning (or expecting) to be able to buy whatever you sold at cheaper prices.

So, for example, if your goal is to get to fuck you status.. and you consider fuck you status to be able to passively withdraw $6,666 per month on a sustainable basis, but you are torn about which metrics to use because if you use traditional measurements that include a withdrawal rate of 4% per year, then you would need to have 61 BTC to reach such status, but if you use some more advanced metrics that involve a BTC withdrawal  rate of 10% per year, then you would ONLY need 24.4 BTC.

So you may well be torn about whether fuck you have enough coins to reach fuck you status, especially if you might have a number of coins that falls somewhere towards the bottom of the range versus being at the top of the range which is more reassuring.  So in any of those cases in which you have somewhere between 24.4 BTC and 61 BTC or even higher quantities of BTC, you could reasonably conclude that you have enough BTC or you have more than enough BTC, and you therefore would be able to feel more free to start to sell some of your BTC and/or to fuck around with waiting for the possibility of buying back lower from whatever reasonable amounts that you end up selling because you are within a kind of range in which there are ways to calculate that you have enough or more than enough BTC.  And, if those valuations are made based on bottom prices (such as the 200-WMA) rather than current spot prices, then the calculations are going to be more accurate and/or reasonable than  a guy who might have 10 BTC and who is calculating that he has enough based on his on criteria, yet based on BTC spot prices.

A lot of guys make those valuation calculations based on spot prices and then they end up selling too many BTC too soon and then they also might end up pulling the fuck you lever too soon and they don't have enough BTC(or money) to really live off of their stash under their own stated criteria.. and it seems kind of dumb to me to conclude that you have some kind of an ability to live off your BTC stash but you are eating into the principle, and you don't yet have enough to buy a Lambo or whateve other premature excitement that you want to exercise.

I doubt that a guy who has those similar goals of wanting a sustainable $6,666 per month income, and ONLY has somewhere in the ballpark of 10 BTC has the luxury of concluding that he has enough coins or more than enough coins.  He needs to get into a proper range of over-accumulation of BTC before he might start to sell or shave off some of his coins..... and of course, each of us needs to to come to our own calculations regarding what our goals might be and figuring out that we have not sold too many coins too soon or concluded that we are richer than we are merely based on BTC spot price that we know to be quite outrageously volatile. .. and why should any of us want to spend a good amount of time to accumulate a decent BTC stash and then convert it into dollars because we want it to be more stable.. but then we no longer have a sufficient amount of bitcoin.. which is the place that our value should mostly stay.


This part sounds right, but your overall response seems to be flip-flopping.


This part is correct too.  Maybe I just misunderstood what you were saying earlier?

Exactly, when you sell and indeed to buy back at a cheaper price you might end up not buying back because of so many reasons, which we cannot predict the outcome of what would happen by tomorrow. If you sell to buy back, it destabilize the purpose of investing and increasing your bitcoin portfolio. Patient does not have any role to okay here, because you are waiting for a time that you don't know when the price will dip for you to buy back, and you keep waiting hodling fiat that is depreciating in value.

Another reason is that there can be a scenario that will play out financially, that can make you spend from the cash with you that you intend to use to buy back, and when the dip will come, you might have little cash left to buy, which you will regret it. Patience is for long tern hoers will are accumulating of maintaining their bitcoin portfolio for the future, and not for people that think they are smart to sell and buy back.