Topic: Buy the DIP, and HODL! - page 31. (Read 129005 times)

You are right JJG, some folks do think that as they are hodling in bitcoin that there is need for them to also accumulate cash and save it in the bank because they feel that if they don't accumulate Fiat, an emergency need might come up in the future where they will be left with the option of selling part of their bitcoin, so in order not to encounter such circumstances at a point while they're accumulating bitcoin, makes them think that if they have some cash in the bank it will enable them to use the money to sort out any emergency that would have led them to selling part of their bitcoin.
      It is a wrong investment practice to be accumulating bitcoin and also accumulating Fiats as savings. Apart from keeping emergency funds that will take care of any emergency need that may arose in the future, i see no reason why a bitcoin investor will come up with the idea of accumulating bitcoin and also at same time accumulating Fiats because bitcoin gives more privacy and complete ownership over your money and has the tendency to grow with time unlike Fiats that are in the custody of a third party (banks), of which instead of your money experiencing growth, it will rather reduce as a result of some charges being deducted by the bank for either account maintenance or other needless charges in form of service fees.
       Even if there is no guarantee that bitcoin will outperform cash, but having a self-custody of your money should be taking of high priority especially if you have a huge amount of money. The comfort, privacy, self-custody and the ability to make larger transactions without a limitation is the kind of freedom and privileges that any bitcoin holder enjoys as against a cash holder. There is need for a bitcoin investor to figure out a way of keeping money in Fiats and accumulating bitcoin such that his investment amount in bitcoin should not be equal with the amount he has kept in Fiats, the amount stored in bitcoins should be way higher than the amount kept in cash for emergency needs.

You are absolutely right, money kept in the bank and the one invested in Bitcoin, the return will be very different and off cause the one in Bitcoin will be more than the one in the bank and if actually one is saving them they both can bring return but not in same percentage. And one of the reason why I prefer keeping or investing in Bitcoin is that I can't easily take or withdraw unlike bank where I can easily withdraw and used it up .

We talking about the same thing. We close to a temporary ATH and I wouldn't want any entering it their mindset is short term in case there's a minor dip.
Most likely people tend to sell and start getting swayed by blogs that suggests Bitcoin is going to $70K.
I believe we are going bigger doesn't mean others are
And if they hold, There would be no need in been scared of Buying Now.
In a nutshell, I'm advising against trading not encouraging it.

I'm quite certain that the number of people more bullish about Bitcoin here is few.
I don't give advice without letting others know there are risks.
I shared the post because I agreed with the view
We ain't seeing this prices again and might not in 2026 when we are supposed to enter a Bearish Market.

Again not an advice, Just my personal opinion.

Of course, DCA method is one of the ways of accumulating on a regular basis, yet I see no problem keeping some money in banks or however, you might be holding your fiat too, but yeah, with the passage of time, if you keep building your bitcoin holdings, then it will presumptively get larger and larger quantity of BTC contained therein, and if the BTC price goes up then overall, you would have good chance to have better returns with your BTC money as compared to having had kept such money in the bank. 

You do likely have to secure your BTC in private ways, especially as they get to become larger amounts, so you have less possible issues with third party custodians.  You also likely have to realize that there is no guarantee that your BTC will outperform your cash or other places you could have had invested your money, so you should be figuring out an allocation size into bitcoin that is comfortable for your balancing of your cash versus your investment into bitcoin versus your investment into anything else if you have other investments.

Of course, if we are already involved with Bitcoin, it is better to prioritize buying Bitcoin when we already have money than not doing it at all because it will cause regret if we ignore it, and it will also be useless if we use money only for momentary pleasure because Bitcoin will give us extraordinary pleasure in the future. However, you still have to use money that you can afford to lose even though it is unlikely as long as you do it in the long term and still prioritize important needs. DCA is the best method for those who do not have a large income to buy Bitcoin in large amounts when the price is down, because we can still collect it which will be big in the long term if we do it consistently and also disciplined when we have more money.

And fortunately I have a permanent job that supports me in doing DCA, namely I always set aside part of my salary every month to keep buying Bitcoin at any price, and also without thinking about when to sell it. Because my goal is for the long term where I can no longer have an income or cannot have the ability to make money in my old age, and this is my goal and Bitcoin is the best solution among other investments and I have also suspected for a long time, that Bitcoin will definitely remain popular and continue to be popular over time and also continue to grow in terms of adoption which will continue to increase its price.

The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
  Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.

Your statement is sounding more bearish, of which I don't really agree with that. For the fact that you are advising certain set of people to stay away from it shows that the price is about to dip from here until 2026 which I believe is wrong. I don't know where you are getting your data from, but one thing you should know is that the market sentiment is still very bullish, and Bitcoin has greater probability of making more of an upward trends than downward trends presently.
The green candles ain't going out at the moment especially now that many institutional buyer are coming in. The market is showing great signs of remaining bullish for majority of 2025, so I don't know you are getting your analysis. Even though we are going to be seeing some little market corrections as we are seeing now, that's completely normal in a bullish market. So I don't agree with you that a dip that will keep us out till 2026 is coming anytime soon.

That's right my friend, if we have the opportunity to buy bitcoin, I think we should continue to buy it. Because collecting our money in the form of bitcoin will certainly be something that is very promising and has minimal risk. I also have the intention now, while I still have income, I will continue to do DCA on bitcoin. So I will not set a price or when I will sell the bitcoins I own. Because if I have thoughts or benchmark selling prices that I will use for the Bitcoin assets that I own, it feels a little burdensome in my thinking. So for now I'm going to enjoy the DCA I did on bitcoin more. Because at first I was also going to sell bitcoin in the current bull run market, but I changed my mind and will continue to HODL the bitcoin I have until an undetermined time.

Then regarding bitcoin, recently I did a search on Google about the popularity of bitcoin and also the number of current users. Then the results came out, Bitcoin is now experiencing a very high increase in popularity, namely entering the ranks of the 3 most popular investment assets at the moment. Therefore, in my opinion, in the future Bitcoin could become the number 2 or number 1 most popular investment asset in the world. Because looking at its current development, Bitcoin seems like it will become a very extraordinary asset. So with this, we no longer need to hesitate to continue doing DCA into bitcoin.

I am also looking for an extra job that makes me earn a little more money and I want to use that to buy some BTC, I don't mind if the price of BTC keeps going up, that motivates me more, it's not easy because in my case it would be at night until 12pm, I leave work at 6pm, I run from there to the other one, I can't even have dinner because it's difficult, but the sacrifice and effort of today is the wealth of tomorrow, and I do it because in my old age I want to do nothing but travel, and I know that with BTC I can do it, the best of all is that the forecasts that can be seen is that BTC can reach $1M and only with a small fraction of BTCbitcoin I have to live well , so I see everything as an opportunity, now more than ever.

The reason why they regret is when they see bitcoin market increasing, they just imagine the profit they would have made if they had invested in Bitcoin.  This set of people are just interested in the profit but they are not ready to invest maybe because they lack understanding of bitcoin and not discipline enough to start.

To invest bitcoin is more than just interested in making profit, it takes good understanding,  discipline   patience to invest bitcoin,  if you don't have these qualities you will keep regretting always for not investing. Those who are investing in Bitcoin, they are not investing because they have so much money but it is because they have the understanding,  discipline and patience and to invest bitcoin with what they can afford by using the DCA method of investing.

We are in a thread in which we are largely talking about long term, yet you seem to want to talk about trading.  So you are saying don't come in now if you are in bitcoin for the short term, and even that is a strange statement, like you are expecting the BTC price to dip from here?

Sure, we went up 35%-ish in the past couple of weeks, yet we are going to presume BTC prices have good odds of a dip?

I probably should not even be pursuing this line of thought, since we are not talking about either trading here or short term buying, yet you are still acting as if you are expecting a dip, which also seems almost like a BIG so what? since I think that there are quite a few guys here that have agreed that waiting is not an investment strategy, except maybe a guy who might have been buying quite a lot in the past few weeks, he might be exhausted in regards to buying, so he might want to wait for a bit of time before buying more BTC.. .. so there could be some circumstances that even a guy who regularly DCAs might wait a week or two to see what happens, especially if he has already been buying and potentially even running out of money to buy more BTC.

"Just a quick word of caution here. Bitcoin is about to go parabolic again. If you get the opportunity to buy Bitcoin one last time under $90,000 this week, be prepared to take it. We won’t see these prices again until 2026, if ever. Take care and Godspeed."

Reference link https://x.com/mikealfred/status/1858153905429102904?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet


Not an advice. I don't encourage any FOMO. It's counterproductive
Don't enter if you know you init for the short Term.



Early this Year it wasn't even in the Top 10 but now number 8
Once the price gets to $110K we are going 5th.

Like base on bitcoin previous performance, bitcoin tend to go up more than to go down, what am trying the rate of bitcoin going up is usually higher than the rate of bitcoin going down .

Like during the last bullrun when bitcoin rose to a new ATH which was around $60k , and later on it experience a massive dips and doing that time alot of traders (short-term investors) , endup with massive losses because their mind wasn't set for the future.

And some kept holding till now , and bitcoin as already hitting ATH, and the funny thing some of those holders kept accumulating and now bitcoin around $93k , which may have put those that kept accumulating and holding in good profits and those that sold then , endup with regrets.

So don't be among those that are going to regret missing out again.

I don't imagine that sir, what's on my mind right now is to keep buying. I'm still not satisfied with what I have and I wish I had more time to buy bitcoin when it was still under $100k.

With my high hopes for bitcoin, I always focus on buying more aggressively once a month, I do that to reach my target earlier than I expected.

As I know, bitcoin adoption continues to advance very rapidly, currently many countries are competing to buy bitcoin.

Can we predict that Bitcoin will become number 2 as the largest asset today, I'm sure it will be achieved over time.

Yep.. for newbie scaredie cats, it is probably way better to just select a small position size, even something like $10 per week, rather than not doing anything and remaining a low coiner or a no coiner.  Even for folks who invest very small amounts, they are likely going to be way better off in the future based on such choice, including if they might be able to set up an automated DCA... and sure there are some folks who do have to take action, and so it becomes more difficult for those who are scared to first figure out from where they are going to source their coins, and then set up an account, and then manually buy BTC every week... so sure they might be able to overcome some of the fears by taking even a smaller position size, even though it can take a while to set up the account in order to be able to get started...even if the position size might be relatively small.


Gosh that sounds scary.

I never seen a chart on crypto.. so I am not sure what that is.

Does it relate to the topic of this thread?


Why should we give any shits about traders?

If we are investing for the long term, the BTC price moves up and down, and sure traders play on that, but as investors we just keep buying don't we?  especially in our earliest of years establishing our bitcoin position.


You are probably correct, overall, but you surely expressed your ideas in confusing ways...

You seem to be obsessed with the idea of trading, so maybe you are unable to even think about bitcoin as anything other than a trade.  Either a short term trade or a long term trade.

That does not seem to be a very clarifying kind of a way of thinking about bitcoin, even though you seem to understand that idea that long term holding is a good idea, even though you still are probably just thinking about when you can sell your long term HODL.

We are only talking about Bitcoin in this thread and not crypto because I don't know what crypto has to do with this thread for it could either Bitcoin or shitcoins you could still be specific what you mean or the particular coin you are referring to for you could have just use the term Bitcoin rather than saying crypto for I don't think if any coin has any business here, in other hand you could have just been straight in what you are talking about if it is Bitcoin then let it be Bitcoin if it is also shitcoins then let it be shitcoins instead of generalizing to crypto.

The market has been showing a zigzag pattern since day one of the crypto journey and as that, we have different traders in the market just like holders too that are in the market to make money for themselves. There are traders that are only in the market to make peanut, trading for short term before leaving the market. There are also big traders in the market just like holders too that are trading and investing on Bitcoin to make profits, staying in the market for months or years depending on what their goals are.

 A short term trader can decide to buy some units of Bitcoin with the goal of holding for few weeks before selling their holdings. Some could decide that they will sell their holdings if they are able to make 10% to 15% of their total holdings.
The big traders don't behave in this manner, they are in the market to buy and hold for as long as possible. There are big institutions that can hold Bitcoin for at least 5 years or more before ever thinking of selling units of their portfolio.

We should all know the kind of holders that we are so that we know the category that we fall in. Holding can make us rich if we have the perseverance and confidence to keep holding even while others are panicking to sell.

This particular fear you are talking about is what separate the real time investors and the scared ones who procrastinates about their bitcoin investment.  This particular feeling is like a circle that's is hard to stop for those that lack the vision to see that bitcoin is something that is ever moving forward despite the height it has attain.

The simple action to do with bitcoin is just stop the procrastinating and make that bold move and start small if possible and make it consistent and have the mentality that the particular price it has attain is definitely not the end price value as Bitcoin is bound to even shoot up in the future, it just depends on how long and patiently you are willing to keep buying and HODLing.

If i were this set of people, i would focus more on what is before me than what has gone past me, many missed out during the early times of Bitcoin, we might not call it unfortunate really because that is how the market is meant to progress, if at all every investors as of now all purchased Bitcoin at the very beginning when it was founded, i don't think we would be having this same appearances/success that we have now. Since the market flows within Buy and Sell and new investors also makes up part of the market, it is yet another time for us to make use of the opportunity whereas in the future when the Bitcoin market will also expand and new investors will likely take us for older investors who are about hitting off some good profits from our holdings.

There are people who regret for not investing in Bitcoin when it was very affordable and some said they can't afford to miss such opportunity again in their life but yet they are still letting go the opportunity later they will still regret which is a sign of unseriousness and I guess they are still having that same feeling they had some years ago, it's fine to have that feeling but it's not good to go into Bitcoin investment with that feeling because one can easily panic or sell in loss because of the market volatility which is a negative vibe but I understand that everyone must not invest in Bitcoin so anyone who think it's not good for him or her should forget about it and anyone who thinks he or she can do it then its cool.