Topic: Buy the DIP, and HODL! - page 309. (Read 123703 times)

I feel real good about my whole system, and I don't even feel that bad about my mistakes - except just to sometimes realize how our perspectives change, and even when I analyze some of my past behaviors, I will sometimes see some of the behaviors, practices and mindset differently now as compared to when I was doing some of them, and it is not like I could have had changed what I was doing at the time, and maybe even with after the fact knowledge there still is no real way to change what you might have been doing, but it is just that your perspective changes, and I am not even sure if it becomes more enlightened later, or maybe it was more enlightened at the time that I was doing it.. because some of my framings were different, and so for example, I did not really become obsessed with the 200-Week moving average until maybe in the last 4-5 years.


In recent times, this thread is becoming difficult to keep up with.


It is nice to see that quite a few members are interacting with this thread, and also they are attempting to put some kind of a personal variation of ongoing and persistent BTC accumulation, and I still think that some of these guys could end up getting burnt if they are not working towards making it through a whole cycle, and surely there are quite a few guys that are going to need a couple of cycles before they might be in a position to really start to move away from regular and ongoing BTC accumulation.

Of course, each guy has to decide for himself, and some of the mistakes can be anticipated, which largely end up boiling down to either stopping and/or slowing down on the accumulation and/or selling too many of their coinz too soon...  and so each guy has to figure these things out for himself and also anticipate the temptations to make certain kinds of mistakes like that.. and perhaps maybe sometimes the solution might be to modify the DCA amount or to otherwise consider the cash situation in order to continue with the DCA.. ... but of course, even guys who might have ONLY been accumulating $10 per week, and who might have invested $5,200 into bitcoin after 10 years, they may well start to feel that their BTC holdings have become quite large and that their ongoing contribution of $10 per week is not enough to make a difference.. so sure, they might be correct that they might be better off starting to put their $10 per week in some other place.


Fair enough.


There are going to be temptations to either sell or to stop accumulating BTC.. and there is ONLY so much anyone else can say to stop guys from doing that, and sometimes it does end up working out for them.. .. and so it could become even more difficult for someone who just got into bitcoin in the past 3-4 months since October 2023, but it may also be quite likely that their stash is way too small and even if someone front loaded his investment, it may well be problematic to try to employ selling techniques.. even though it is tempting.. and I cannot say when it might seem rational to start to employ such techniques of selling, even though historically I have given some examples of someone who might have had been into bitcoin for a few years, and not quite a whole cycle, and who did a lot of front running and even extra buying in the 2022 dip period, so there could be some cases where it starts to seem a bit more ambiguous when guys have accumulated a lot of BTC and they might have over did their accumulation in 2022,

so they have already justified shaving off some profits, even though BTC may well be in a very good bullish posture and at a later date, they may well be regretting their decision to shave profits... and so maybe that ties into why I frequently will talk about a kind of formula that is shaving very small amounts of profits and they are not being shaved in order to buy back, but then there is also a kind of presumption that the BTC allocation that they guy had reached is way more BTC than he needs, so he is not even wanting to buy more BTC, so that when he shaves off some BTC, he is not expecting to buy back.. so that is kind of the standard that I start to consider it acceptable to start shaving off BTC even when there is a quite large odds that the BTC price will keep going up.

A loss is said to have occurred when an asset is sold below the cost price. For the case of Bitcoin, you only lose when you sold your Bitcoin and not when you have them in your wallet even though the price has gone down below the price you bought them. As long as you have trust in Bitcoin and see it as asset worth holding, it does not matter if the price goes down below the point you entered the market, as long as you are holding them, the price will always rise.

This is the major problem with waiting for the perfect dips to buy , the reason the DCA method is preferable for me. When the price was coming down after the DCA, it was difficult knowing where the downtrend will end before the expected rise. To be honest with you, many  people felt the downtrend will continue until close to the halving after which they expect to see bull run. Some people are even still waiting for that to happen but the recent rise in price has made them to regret as they never got in. Conversely, those using the DCA method continued collecting Bitcoin as the price was dropping and the lower prices gave them more Bitcoin per dollar. Today they are happy they continued buying without looking at the prices or waiting for the perfect dip.

You seems to talk with so much authority as though you know what the market will do the next minute. The records has shown that no one can know exactly what the market will do the next minute, the best we can do is seize the opportunity we have to secure for ourselves as much Bitcoin as we possibilly can and also ensuring we follow a flexible plan that will not distort the buying and holding sequence.

But this is about buying at the point where we see the lowest and taking into consideration whether we sell it or not when we have profits, we cannot go ahead just like that, if we are buying and selling then it is the option of each person, but I believe The best thing about this is thinking about the future, not doing things that are done just to make profits of a few dollars, buying in the dip is the best opportunity to have bitcoin.

Buying later Hodl is what I will always recommend, there is no other way, for me it is the best, and that is what many have not learned, I think that is one of the things that can be worked on, especially in the people who want have results at once, you have to have a lot of patience, you shouldn't put the things you earn only a little bit on, the best thing you can do is invest and wait, it doesn't matter what you have to wait for, it's because we will have very nice profits, if we think about what we are going to win we will be able to wait a long time, it is bitcoin, it is not just anything.

DCA method is good for all investors, because investing in this method controls the average level of Bitcoin price and saves a lot. DCA method is best if bitcoin is bullish, DCA method is best if bitcoin is bearish. In all cases investors are able to sustain the investment for a long time by taking savings from this DCO method.

Totally agreeable. Not only will it make you more confident in your investment goal it will help you maintain consistency until you reach your investment target. Bitcoin was created with a true conception and no monetary gain intentions with a fair launch by Satoshi. This is why the moment you start investing in bitcoin it starts making sense to buy more and more because you know where it is headed, and these drives you to invest as much as you can afford into it. The fiat system has collapsed bringing bitcoin into the picture and the government cannot do anything now to erase it form the minds of investment. People rather hold a number of bitcoins in their secured wallet for years or till retirement than holding tons or millions of fiats.

DCA has proven to be the best and for now it is the one of the strategies that is adopted by thousands of investors. Why is it so? Apart from being risk free it is a strategy that can be afforded by big or tiny investors. I know when i started investing i struggle a lot to time the market and most times i end up not getting into the market on time. Which is very painful to me because i was a total beginner. I started regretting my decision of investing in Bitcoin because looking at the value of bitcoin i have no idea on how to accumulate till i hold a substantial amount. Not until i heard about dca, ever since then i have been one big happy investor.

Yes and emergency fund is something that should not be ignored and should be considered even should not be missed when you really participate and get involved in bitcoin accumulation, having an emergency fund along with having some way / place that really earns (outside of accumulation) such as for example having income from other things or other sources whether it's income from a shop that you have or a part-time job will make it easier for you to achieve a good balance in terms of finance, and other sources will be a second support for the bitcoin accumulation that you run when you really lose your main job and I would say that you have a pretty good situation to start / maintain and continue to run your bitcoin accumulation if indeed you have more than one income. On the other hand, in my opinion, the amount of emergency funds that someone should have when they have started to get involved in bitcoin accumulation, honestly I can't be sure what the amount is but certainly try that at least that amount is enough to finance your life for the next 3 - 5 months including the amount of allocation for your bitcoin accumulation so that there is no delay / vacancy in the allocation.

Of course, long-term holding is one of our goals in investing in Bitcoin. I have seen many of them who have been investing with the DCA strategy which is the best strategy choice because we can focus on buying continuously regardless of our purchase price. Yes, one day we will see our BTC holdings become bigger and this is where our level of patience will be tested in long-term investments. Success certainly does not come quickly and takes time and that is our investment journey where we will reap the results when we are satisfied with the amount of BTC we have collected.

Buying regularly will make you more confident in your goal of investing long term in Bitcoin. Some of my friends where I live invest in bitcoin for the long term where they buy immediately and don't often check the price every day but instead they open the market when they make another purchase. I was amazed by what they did because they planned to apply their investments for the next 10 years and some were targeting their for old age.

Perhaps this is the reason why holding is the best because it allows you to have a rest of mind and free from emotional troubles of having to lose your funds because of trading, actually considering the risk involves on Bitcoin trading I wonder why most people always choose to trade because irrespective of the little profit they will get from trading or if at all there would be any, it can never be compared or measured with there Bitcoin investment if they will hold it for a long term. However DCA has been very helpful in guiding investors on the easier ways to accumulate Bitcoin.

Sir from this experience I think the journey of accumulating bitcoin and holding is something that everyone must do for himself. People who are pushed or motivated to accumulate bitcoin by other persons who have not gotten to believe I bitcoin for themselves or made the decision to hold bitcoin would not have the discipline or courage to do it. I also think everyone should learn from this, we might all be motivated to accumulate bitcoin because of this thread and how everyone is here for each other, but what about when this thread is no longer here, are we going to be able to continue with our accumulation and holding journey. Everyone of us must have that passion to do this and I think that's the starting point of everything and only when we have made the decision ourselves can we really hold bitcoin for long.


I think the appropriate thign to say is that emergency funds is a must for us not to sell our holdings, cause loss of job can also be considered as an emergency and in a case like this, we can use our emergency funds or reserves to back up our accumulation plan and find a way to get a job.

But I don't know how potent the advice to use emergency funds to continue investment when our job has some issues is cause what if it takes longer and we finish up our funds and then a real emergency happens like health challenge or any thign that would really cause us to touch our bitcoin holdings occur, at that point what do we do?
Sir Jay a little help here 🙏



IMO i think those that are still waiting for dips would always be that way if they don't come to realise that they is no right time to invest in bitcoin, yes its true that good opportunities has been missed, but waiting for them to come back is hilarious and might not happen, cause playing with uncertainty is a kind of gamble.

Those that are waiting for the last dip would never invest in bitcoin, they would only continue to miss out on all the best opportunities in front of them, its better to start than to wait for a future that might never happen.

I don't agree with you, cause I don't think there is any Mr know it all in this journey, even experts sometimes makes mistakes, yes I might be true that newbies need the most advice, but I also think everyone can take advice, no matter how long you've been in the journey

Please note I am fully aware of the importance of Bitcoin aside from a store of value, though it is used as a P2P transaction or it is also used as medium of exchange. But the fact still remain that Bitcoin holding is very important and should not be underestimated. You can use bitcoin for transaction either P2P or as a medium of exchange of buying and selling. but what more important does it provide again all usage? It is definitely a good store of value. Your monetary with in life is measured by the amount of valuable volatile assets you have which could be you stepping stone in old age. I think when you are talking about bitcoin you should remove you mind in the primary aspect, which is the use for exchange in form of fiat. But think of how important it will be while HODLing for a long time.

How would you feel when you are in your retirement age and your long term bitcoin holding now becomes your redeamer? Because that is exactly what it will be. by then you will no longer think of holding rather using it gradually.

Just like you said I think it's not very wise we start looking for withdrawal strategies on our early stage of accumulation especially when we haven't even gotten to our goal or the time frame we set. In his case he is doing this because he has over accumulated to a point that he can apply such strategies and we should also try to understand that it took years of experience to get there,  to play around with our Bitcoin would not be a good choice and would lead to regret, so it's better we stick to our plan and when we have been in the game for maybe longer than 10 years maximum and maybe 6-7 years minimum, we can start applying such strategies, which I my own opinion still needs a level of practice to get right.


I agree with you on this many people are busy waiting for the final dip forgetting that gone are those days that bitcoin would fall to price like 15k or even lower, even as this might still happen, who can predict the future of the market? .

The point here is that there is no right time to buy, and waiting for dips are pointless, from all we know any price lower than the last ATH Is a dip and a good opportunity to buy, while buying on dips might be profitable and good to take advantage of, its also good that we start our bitcoin journey at whatever price we find ourselves and start our accumulation journey.


IMO  I also think it's best for us especially newbies like me to focus mainly on using our DCA pattern to accumulate bitcoin since we don't have to bother much about market volatility and we know that we are planning to accumulate and hold bitcoin for the long run and not as short term investors that are after quick profits, and using the DCA method would also help get acquitted to the price changes in bitcoin without fear or panic and also help us to build patience and discipline as investors.

DCA means buying bitcoin at fixed or smaller amounts at a regular interval irrespective of the price and this means we don't need to bother about corrections, up trends or down trend as investors our major aim and focus is all about building our portfolio and also preparing for emergency that might cause us to tamper with our holdings and  also prepare opportunities that we might want to take advantage .


Trading is not a good practice and is seen as gambling, trying to predict the price or what would happen next is a play with uncertainty and is not a good practice to involve with your holdings. Bitcoin is not an asset to joke around with.

Recently we saw a dip in Bitcoin where the price of Bitcoin dropped to $39,000 which may be the highest dip before the upcoming bull market. For those looking for a desired dip in Bitcoin from the current position, I think this is the last dip. This may be the last chance for investment from the dip. Many of us may think that Bitcoin will go back to previous levels and buy from the dip. Let them know that 2017-2020 dip is extremely difficult to find and may never be possible again. Many investors who didn't get the chance to buy on the dips have regret for the day. Today's current prices may give similar things for some in the next few years.

Those looking for dip, change your mind. Dips are not always possible. In the case of Bitcoin, the price that seems high today may be the same price will be dip for tomorrow. If we break out of this dip and do DCA then we will have the opportunity to buy from the dip and increase the Bitcoin portfolio.

You have no business selling your bitcoin when your maturity date has not actually been completed as a long term investor. Whatever happens in the market is none of your business. Your primary concern is buying from those that are selling. It could be that those that are selling are those who bought many years ago and their maturity date has completed and they have seen adequate profit that they are comfortable with. Yes buying and selling cannot stop in the market because of the day traders.

For beginners like us we don't have to concern ourselves much about this information. We should only concern ourselves with informations that are related to buying and holding. This is a thread and many investors of different capacity are always visiting this thread for information, that's why JJG always makes information available to suit everyone according to their needs. Those who are in the accumulating stage should forget about knowing or talking about withdrawal information. This thread will always be here for many years to come and when it's the right time you can always refer to it.

You are right because the real reasons why Bitcoin was invented isn't only to stand as an investment strategy but rather to stand as a decentralized medium of performing transactions from person to person (p2p) directly without involvement of a centralized authority and also to replace the use of fiat so by accumulating bitcoin in other to make profits in the future, we are also acquiring it to stand as a medium of exchange from one person to another.

Most people always think that bitcoin investment is all about hodling a certain amount of Bitcoins and when the price skyrockets they sell and wait for a dip in other for them to acquire again but Bitcoin investment isn't just an avenue to enrich oneself based on the profits that is intended to get from it but rather to also buy and hodl it and accumulate as many as we can afford so that when it's adoption is finally met we can have enough to use for transactions but a situation whereby we keep buying and selling Bitcoin then it doesn't really make much sense because the value might reduce since people are taking it as a medium of trading rather than investment.

It's obvious that Satoshi Nakamoto deserves more than a noble prize for this modern day digital technology that he/they have put in place in other to proffer solutions to human monetary challenges, even since it's invention some people and countries have been making wave for it's adoption little by little but I believe in due time it would be made official as our digital asset and currency which we all are anticipating for.

Though you have made some point here, but there is something I notice some people have different wallet and some of this wallets are used for accumulating more bitcoin no matter how small and no mindset of selling soon which real definition is long-term holding and the other wallet, they use Bitcoin that are their to trade for possible profit which we may not know about, I thought about this, I noticed that many traders are core bitcoin hodlers because most of them knows the benefit attached to hodling for a long term, though hodling and trading works in a different direction.

Investing in bitcoin is indeed the right thing to do now. Because the potential developments that could occur in the future are very promising. Therefore, when you want to invest in bitcoin, don't wait to have a lot of money first. But the most important thing is that when you have cold money, whatever it is, immediately invest it in Bitcoin at any time. Because in my personal opinion, waiting too long to invest in bitcoin might not be right. That's why the DCA system is used in the world of bitcoin investment. Because this technique makes it very easy for bitcoin investors to increase their portfolio with any amount of money on a regular basis.

However, that doesn't mean that Bitcoin investments only have to use small amounts of money. However, using large amounts of funds at once would also be very good. Because if you look at the potential that Bitcoin has, in the future the market price will definitely continue to increase. Because several factors like the ones you mentioned have positive potential, that's why the price is expensive. So basically if you invest in bitcoin, whether using the DCA technique or other techniques, the end result will definitely be good. Because if bitcoin continues to develop and is known by people throughout the world, it is certain that the market price will rise. Because currently according to the data that I know, Bitcoin users in the world have not yet reached 20%. So the potential for price increases that will occur in the next 10-15 years will definitely be higher.

So the most important thing, when investing in Bitcoin, we must have a good pattern and must avoid all risks. Even though bitcoin is the safest digital investment asset, if the basics of investment science are not applied, the results will definitely be less than satisfactory.

If you truly want to emphasize the real importance of Bitcoin, then you should avoid talking about it "as an investment " or something that's a possible source of enrichment. Research, read, learn, and feed your brain more about the technical details about Bitcoin. From that, I'm very confident that you will truly learn why it's the break-through/revolutionary leap of the century for distributed systems.

Satoshi Nakamoto should win a Noble Prize for Economics and a Turing Award for inventing Bitcoin.

Clearly, trade and DCA have different meanings.

Trading has a high risk of short-term profit and you are like risking your money in the market, when the price goes up you profit when the price goes down then you will lose then it is trading.

Accumulation with DCA has a very low risk, in fact I dare say there is no risk if you do not sell bitcoin midway due to emergency needs.
With DCA you can have an average price because DCA purchases all the time from the price going down to going up if the time is for the long term then it will continue to do that task if you are still able but I believe using DCA in the future will have better results than trading.

You guys are getting me wrong, am only making certain clarifications that there is no certainty over predictions and speculations dont forget Bitcoin is still a growing asset there could be worst scenerio case which can affect market negatively, government can make polices that can crackdown the technology making it to become obsolete and investors could loss all their invested sum, thou is an unlikely scenorio but most likely and as for me i believe that Bitcoin has the potential an will continue to evolve and become more widely spread and accepted with both ups and down along the way.

The emphasis is on source of income and not just a job. If your source of steady cashflow stops, you can resort to the emergency funds to sustain you while you look for another alternative. I don't know if you read within the conversation where it was started that to effectively invest in and hold Bitcoin, you must make sure you keep some funds for your basic needs, set up emergency funds and from the balance you consider investing in Bitcoin.

The emergency funds is actually for any danger than may arise when you are holding your investment. All the various improvement to the Bitcoin accumulation process is to ensure that the investor will be able to hold the investment and this is  only possible when the factors that will lead to sudden selloff are eliminated.