Topic: Buy the DIP, and HODL! - page 304. (Read 123703 times)

What combined value do you want to know now, mate? Because if the value you mean is the general value for Bitcoin in the eyes of many people, I think it will vary greatly between those who really like Bitcoin and those who don't like Bitcoin. But if what you want to know is about the price of Bitcoin, you only need to see it through the market without having to ask other people because in any market the price is always exposed more clearly.

I see you have also read a lot on this topic and I think you are also very familiar with the value contained in Bitcoin so you should really understand it by now. Bitcoin is very strong as a cryptocurrency and its value is also getting better, so it is not surprising that every now and then we hear news that Bitcoin has been accepted by several companies.

Could you explain more about how bitcoin compounds value to me a bit, i would really love to understand.

yeah being in this thread lately have help in developing an healthy holding, because of the knowledgeable users here that always shares their opinions and ideas about holding, And I know there's alot I still got to learn about investing in bitcoin and lately this thread as being damn helpful with that. One thing I also noticed about this DCA it's also help in building good confidence in investing (in bitcoin). Because most people expecially newbies don't have strong confidence in investing yet. For instance a newbie with such low confidence in investing decided to go in once thinking he or she as buy the dip, and lateron market experience a dip ( prices decrease) that individual would be in a tremendous loss because of it's entry and also going in once, due to the lack of confidence he or she may endup selling that certain investment in loss. That why I would advise that newbie need to focus in thread like this in order to boost their confidence in investment by learning about new strategies to embark on. Though alot of newbies don't have the privilege we have to be in this great forum and in such amazing threads.

The DCA method is the best way to achieve success in the future and you also choose the right person (JJG) for consideration and learning to increase your knowledge in applying the DCA method.
And my advice, never be satisfied with the time and profits you get even if it is your greatest achievement. Because if you truly believe that the price of Bitcoin in the future or in the long term will be much higher, you should continue using the DCA method with the belief that your greatest achievements will be much greater in the future. And it will make you brighter, happier and more peaceful in your financial affairs in the future.
We must make good use of the existence of Bitcoin, and the DCA method is a very effective strategy for gaining profits as long as we do it consistently.

People who don't have time to be doing regular buy by following the DCA method, or don't have time to be monitoring the market, should just use their money and buy at once in the form of lump sum buy. That is as much as their money can get them. If they since they can't be monitoring the market and don't even know when the market will dip. So setting up a buy order at a particular price they consider as dip might stay longer without any certainty of the order being filled or executed. So if their order is not executed they can't count themselves as hodlers of bitcoin. So for me I think that's a bad strategy of setting up a buy order at a particular price you consider dip without any assurance it will get filled or how long it might take. It could even take years without execution.

As a smart investor,  making use of the DCA formula can help a great deal in increasing your total accumulated Bitcoin within the period,  this is most likely the best approach most especially for those who are good at Bitcoin market analysis and how it evolves over time.

It is good to invest in Bitcoin for the long term,  but it is far better also to make use of the various stages of Bitcoin market volatility to make more gains within a short period and if you are an expert in the chat readings and market speculations,  you stand a good chance to make more profits using DCA model than just holding for the long term.

No problem.


Stop getting worked up so easily.  

 


Fair enough.

14 months down and progress.  

Let's see where you are at with another 34 months - .. which would be 48 months in total.. and time to reassess - even though surely you can ongoingly reassess, but getting through a whole cycle is really likely to give a lot more concrete evidence in regards to how you dealt with the whole cycle.. .. and no, everyone does not have to handle the whole cycle the same, and there surely could be some folks who are DCA'ing in the strictest and the most traditional and consistent kinds of ways, and there may be others who attempt to hybridize their DCA approach with variations of strategies that may or may not end up paying off more than a strict and consistent DCA approach...

Personally, I get the sense that the most strict and consistent of DCA approaches may well turn out to be more on the whimpy side in order to be successful in their own right, even though surely I try to suggest for newbies (especially anyone without a whole cycle of being in bitcoin and accumulating BTC) to be as aggressive as they can without overdoing it.. and so I am not even sure if my recommendation would end up outperforming a strict DCA approach.. but it would likely end up with more value invested and perhaps even a higher cost per BTC.. which may or may not end up paying off.. and surely it is easier said than done too... because when each of us tailors our approach to our own circumstances, we likely are making decisions that vary from one another.. and that is part of the benefits and the curses of tailorizing your BTC accumulation approach.. the need to exercise personal discretion and sometimes "on the fly."

The person who invested for more than one year did the best. The longer the investment is, the more bitcoins you can accumulate, the more bitcoins you accumulate, the brighter the future. That's why I prefer Bitcoin and have been investing for about 14 months. I want to be more patient with bitcoin investing, I am following the DCA method to success. Because I invested in following JJG, today I am running towards success is the single biggest achievement.

Buying the dip is not the same as day trading where you are expected to get a perfect entry point, set stop loss and take profit within a short interval of time. Buying the dip in our case here is buying when price retraces a little or even deeper with the intention of holding it for long. You don't have to be perfect with the entries neither are you expected to be anxious to see profits immediately. Buying at dip is simply buying when the price gets lower after it has been moving rapidly upward.

Buying the dip has its advantages just like the DCA method and most preferred by those who may not have the discipline to following regularly buying methods like DCA. Other people who will also chose buying the dip are those who may not have the chance to be checking the market regularly, instead they could just set limit orders at lower prices and continue their other activities.

As you can see, buying the dip is not really a bad strategy provided the intentions is to buy and hold for long and not for quick profits like trading. Any method of buying bitcoin that aims long term and also eliminates other factor that can truncate the buying process is fine and acceptable by me because that is the main objective.  

Pardon me, but let me stop you there. No one is getting "worked up" at the term "investment". I'm merely debating for learning more about Bitcoin if someone wants to talk about it with other people, especially nocoiners that are still suspicious about "Bitcoin". I believe if the suspicious truly learn about how it works and how elegant of a solution was found to the Byzantine General's Problem and the game theory behind it, then something inside them might "click" and acknowledge the value of what Bitcoin gives to society. People should accept that it's a new "standard" for hard money, and THAT makes it a good investment.

I don't equally fancy such ventures where am going to get my bitcoin be in control of other third party that I don't really know much about and I just have to trust them blindly in the name of yield, staking or farming. But if those third parties are really sure they don't have anything to hide, let them allow the farmers, keep their bitcoin in  their private wallet. Bitcoin is gradually becoming the most priced asset in the world and investors should start taking care of their investments and don't give it up cheaply.

Talking about privacy I believe one of the primary reasons of creating bitcoin was to gain full control of your money and knowing every single details about your money like being in charge so what's the point of giving a third party to control and hold.
I have heard similar testimonies like this online and I strongly believe people who share those testimonies are part of the team and project, sometimes things like this happen and you'll see testimonies like; I have tried this and it worked and surprising you'll see so many people giving testimonies like this under the page, I believe no one actually paid them but there's a group of people who form those gang to share false news. The moment people understand about holding bitcoin and the terms the lesser we will hear different stories like this about ponzi scheme. In this situation there's nothing much to say as most people have learnt the hard way and promised not to get involve with any third party.

We have learned a lot of strategies to use in accumulating bitcoin in this Buy the Dip and Hodl thread. This thread has helped me understand that there is no need to time the bitcoin dip before I can accumulate my bitcoin, which makes it very hard to time the actual bitcoin dip. With the knowledge shared on this thread, I can accumulate my bitcoin with the DCA strategy at regular intervals and still buy the bitcoin dip if I wish to do that. What I just need to do is divide my funds into two equal parts and use one part to accumulate bitcoin with the DCA strategy and use the second part to accumulate bitcoin when there is a dip in the bitcoin price.

investing such scheme is totally waste of time. They are mostly scam project at first they would first earn your trust and later take advantage of it alot of newbies as fall as victims thinking that such scam project is the way to start investing in bitcoin which is totally wrong because you may endup losing funds you should have use in accumulating more bitcoin in your portfolio, that you know you will surely yeild good profits from. Than wasting your funds in such scam project so is not advisable to deposit to such project. Just gently find your self a better sources of income that would help in accumulating.
just as they say "you can drag a donkey to the water but you can't force them to drink from it". Alot of individual are like that no matter how you try to show them the beauty of investing in bitcoin, they would keep procastinating whether to buy or not. They would alway endup with regrets saying had I known I would have started accumulating bitcoin on it's early stages. Some even go further saying that there's no need for that anymore that bitcoin has already hitting a great peaks. I would just looked at them and laugh because this recent price is just the beginning of bitcoin breakthrough's. The way must of us as being say "had I known" I would invested in bitcoin when it's price was still around 4 digit that how alot of people would still endup saying 'had I known" I would have invested on bitcoin when it was below or around $40k. Go to bitcoin price history and see the massive changes in bitcoin price today and still there's more breakthrough ahead. so you don't need someone to keep saying you should aim for long-term investment.

Greed is really a terrible thing. If not greed, what will make someone give something as precious as Bitcoin to a third party? I see yield farming and the likes as ponzi schemes where the promoters lure people with huge ROI, they will pay the first set of people so they will spread the testimony to attract more people into their scheme where they will continue to gauge the level of cash inflow and will disappear as soon as they meet their target. I remember falling for those ponzi schemes then and it was not a good experience.

Only if people can see the power there is in owning Bitcoin, a treasure you hold that will never be affected by inflation and have the potential of generating unimaginable ROI. Bitcoin is one of the investment that requires the least input and maintenance, the job is done once and nothing is required to give you a lifestyle that you will be happy about. Provided you made the investment with money you don't have any urgent need of, money you can afford to leave in your bank for several years without being perturbed, then you will enjoy the beauty of Bitcoin.

Anyone that is privileged to learn about Bitcoin investment should take it seriously as it might just be a way of securing your future without you even knowing. The small fractions of your income you inject into Bitcoin might just be your biggest investment in the future.

Exactly!!  I have had some pretty extensive debates with several forum members about these kinds of ideas regarding whether selling any of your BTC is a good thing and/or a way to manage your exposure to BTC and also to manage your ability to draw an income from your bitcoin holdings - and so part of the key is to both get enough and probably even moreso to get to a point in which you are over invested in bitcoin.  I am not talking about being overinvested in bitcoin in a kind of gambling sense but more in a sense that you likely are able to live off of your various other assets and/or even including a portion of your BTC, yet you also have extra BTC that you can treat as surplus and to be able to sell small amounts of the extra BTC and never really use up the extra BTC.

Even though in the past, I sometimes have given examples (hypotheticals) of ways that guys could come to fair assessments that they are overallocated to bitcoin,  I cannot really make those kinds of assessment for other guys.. and so each of us has to come to those kinds of assessed conclusions for ourselves.. and maybe even we might share some examples/hypotheticals in this thread or maybe in related threads, such as my sustainable withdrawal thread in order that maybe some other members (including yours truly) might give our own opinions in regards to if we believe that the situation appears to reach a status of sustainable withdrawal or overallocation.. or whatever kind of second opinion that guys might be wanting to get from other members in this forum.. yet in the end, sometimes we might not agree, but it still can be helpful to describe ideas (and hypotheticals) in order to try to figure out if either sustainable withdrawal has been achieved or maybe if some kind of a transition from strict accumulation and into maintenance or some less strict accumulation might start to be justifiable (while at the same time each member is responsible for each and all of the ways that he chooses to manage his bitcoin holdings).


It might be worth emphasizing that DCA is tailored towards the establishment and follow through with a personal budget in which an amount of dollars (or whatever is your native currency) is used on a regular basis (perhaps weekly) in order to buy BTC no matter what the BTC price, and so in the strictest sense DCA does not consider BTC price at all - but still likely has a presumption that in the longer term 4-10 years or longer that the BTC price is going to generally be trending upwards, so that there are decently good odds that they guy employing DCA will have more options in the future than he would have had if he had not been DCAing.  Of course, the outcome is not guaranteed, even though with bitcoin, there is a bit of a presumption that bitcoin is an asymmetric bet to the upside, so it does not necessarily take a lot of value invested into bitcoin in order to have decently good possibilities of being in a better position by investing into bitcoin as contrasted with not having had invested in bitcoin.

Of course, the more that a guy knows about bitcoin and the longer that he has been accumulating bitcoin, the more likely that he could end up tailoring his BTC accumulation in various ways that supplement and compliment DCA - yet at the same time, DCA can still end up being a default position for guys who are rich, poor (as you mentioned Mayor of ogba) and/or not sure about what to do in regards to BTC accumulation.. so maybe a kind of situation in which, when in doubt, then just DCA in a way that is reasonable to your budget and figure out the details  later in terms of whether more BTC accumulation aggressiveness might be preferable.. 

The price of $50K for Bitcoin at the moment is a pretty good price even though it is still below the all-time high price, but over time Bitcoin definitely still has the potential to create a new ATH this year even if it is not directly for $100K. And regarding trust in Bitcoin, now even those who are still doubtful and don't believe in Bitcoin immediately feel regret because they didn't want to buy when the price was still low.

Apart from that, those who still have fear of buying Bitcoin at low prices also feel the same level of regret at this time because they should have been able to get more profits if they were not afraid to buy when the price was still below $40K. And now investors and traders who frequently enter and exit the market have seen quite significant profits through Bitcoin due to market conditions which are starting to be bullish at the moment and perhaps this will continue for Bitcoin.

As a bitcoin investor who understands what you are doing and you are in for it for a long time, then timing the market is none of your business. You don't need that as it is going to slow you down in achieving your investment goals. Moreover nobody has successfully succeeded in timing the bitcoin price movement. This is why bitcoin is unpredictable. So remove your focus from market activities. Your only focus should be  buying. The only time you visit the  is when you are buying your bitcoin with your adopted approach as a long term investor.

Yes, doing DCA does not mean that an investor is relatively poor. There may be many investors who do DCA only to reduce their risk. Many also use this strategy as their strategy where an investor can profit from market volatility and buy from dip, It basically depends on the investor. Moreover, this is the accepted method for those who want to be regular for Bitcoin savings. By applying this strategy, a Bitcoin holder has the opportunity to grow his holdings in the long term. By applying this strategy an investor is able to protect himself from the high volatility of Bitcoin price increases or decreases.

I think people have to learn some lessons in terms of how they joke around with their bitcoins and even knowing how easy it is to lose it and how difficult it is to get it, i never fancied the idea of having to lock my bitcoin on any form of website that promises returns for me, even I they are exceptional with their work, although if someone must try such risky engagement with their bitcoin, as said over and over in this thread, use a small percentage of your holdings if you must, but at times it all boils down to our discipline cause I've seen many scam platforms pay initially then when people get to trust them and put more money in it they shut down, and even the best of us tends to fall for scheme like this, so I'll better advice we stay away from any form of farming, ponzi that's promises good return for our assets, like you said , its best we hold our Bitcoin ourselves and depend our accumulation plan to yield good results for us on the long run , greed is definitely not going to get us anywhere and short term ideas tend to also crash quickly or fail.