Topic: Buy the DIP, and HODL! - page 310. (Read 123703 times)

39k to 47k is definitely profitable but Bitcoin holders do not hold Bitcoin for the purpose of getting such profit. Those who dream big about Bitcoin in the long term can actually become large holders of Bitcoin. There are many differences between a Bitcoin trader and a Bitcoin holder. If a person buys a large part of Bitcoin at 39k and sells it at current price, he will profit from it, but if he can store it for the long term, he can definitely expect a bigger return. Let me remind you where Bitcoin was in 2017 and where it has reached in 2021 and where it will reach in the future. Those who think long-term about it will definitely consider Bitcoin's holdings. A temporary gain can never change the intention of a true Bitcoin holder.

You're absolutely Correct. Dollar Cost Averaging DCA is largely related with long-term investing and accumulating assets such as Bitcoin. This investing strategy is involved with purchasing a fixed dollar amount of Bitcoin at regular intervals, regardless of the price. DCA is best policy for Long time investment and Holding. I also like this DCA method very much. And also doing it from last one year. On the otherhand Trading is involve actively buying and selling. So i think DCA and Trading both two are different in their goals and methods. Some times i trade if i need any argent necessity.

I think trading is some times risky, And it could be long trade if market gose to our against. On the otherhand Hold for long time is safe i think. If we able to buy dip or we invest following by DCA method we will be profitable today or towmorrow there has no doubt. So i also agree with you Holding and trading both are different.

I took time reading everything carefully, although I can't quote all but some few point tells alot about early investors and the mistake investors made but just like what you said some will still end up having success with their investment, this is just what I observed from bitcoin investment lately, no matter the mistake and the ups and down when investing in bitcoin there's always a room to make amend if only the investor is willing. Reading experience like this from an experienced  investors is amazing, although I just started my journey with the aim of success and I know it takes time but it depends how far I'm willing to learn.

I think I have seen similar stories in the forum about early investors who sold early and sometimes I wonder why but it came to my notice they never wanted such investment, in my opinion and with what I've learnt here, bitcoin investment should be treated with care mostly for investors who intend to buy in bulk to avoid loss, in essence knowing about the investment first will go a long way and it will be of help to an investor.



Shitcoins should be excluded when mentioning DCA strategy and even when dealing with bitcoin there's no point involving shitcoins. Sometimes investors involve shitcoins for more profit but I wonder if this plan do work out for them but I don't think it's necessary talking about shitcoins.

Your expression looks so mixed up and contradictory, it seems you are encouraging long term investment and trading for short term as well, thou is your choice but for the benefits of this thread long term investment is being prioritize as it says buy the dip and hodl, the reason why it's dominates the thread is because it has lesser risk compared to the Short term trading.

Talking about short term or trading means your are exposing yourself to greater risk of losses and gambling with your investment because it creates that emotional unrest of monitoring the downward and upward trends of the market condition by focusing on profits maximization within shortest time frame whereas in long term bitcoin investment you can accumulate Bitcoin and hodl irrespective of time volatility through your dca method. the  choice is yours it is only advice that is shared here.

I hope he gets clearified on having the wrong insight of Bitcoin, let me believe Bitcoin is still at the very beginning of becoming much more acceptable and useful, many people are still going to believe in Bitcoin and take the bold step to invest in it. Over the past years, the rate at which Bitcoin was accepted was much smaller compared to today, Bitcoin is now accepted by companies and countries, this shows in few years from now Bitcoin will worth a lot in the market because of  the demand will be high. So, we are left with a much greater opportunity in one way or the other to begin hold Bitcoin.

I understand the resentment that comes with selling Bitcoin especially when you make it public. I think it ought not to be because without buying and selling, the natural sequence of buying and selling will be distorted and it becomes difficult to measure the liquidity of Bitcoin and impact of Bitcoin. Selling of Bitcoin is not bad but how you go about the selling can actually turn out to be harmful to your asset and at variance with the very reason you accumulated the Bitcoin.

Every Bitcoin investor will, at some point, think about how to liquidate part of his assets for the funds to be used in other things that make life worth living. The selling can be in such a way that the investor does not run out of BTC, just like JJG recommended in his withdrawal strategy that I am still going through. Many of us may not know the power behind that piece of information because we are still probably in the accumulation phase. But a time will come that we will need something like that to be able to withdraw some of our Bitcoin without harming the entire portfolio.

New investors (like me) can come to a crossroads in choosing their strategy buy the dip and hold. Each comes with its distinct advantages and challenges, but only one is right for us.

Have to enough asset "Buy and hold."

we you someone who jumps in when the market seems to be on sale eager to capitalize on temporary price fluctuations and earn high profits? Or, do find comfort in a longer-term perspective letting your investments grow gradually over time with a more hands off approach?

First things, what is buying the dip? This refers to an investment strategy where investors purchase stocks after a decline in prices, capitalizing on the belief that the drop is a temporary setback and prices will rebound.

Maybe it's like buying your favorite brand when it goes on sale. BTC market might react to short-term negative news causing prices to plummet but for investors who have done their homework these moments can offer buying opportunities. All actually finding "the dip" is easier said than done. It's are all worth for insights on this challenge.

Buying and holding often referred to as a long-term investment strategy involves purchasing retaining them for an extended period, regardless of market volatility.

The underlying belief is that in the long run the price of BTC will provide a good rate of return despite periods of decline or instability.

You shouldn't have that mindset if your intentions for Bitcoin is for holding because in as much as we may not really know what will be the exact worth of Bitcoin in the future but one thing we no is that you will never regret investing on Bitcoin because the future is bright and very transparent to easily see the possibilities, so perhaps I would advise you to remove your mindset on other alternatives that you feel could easily fetch you profit because you could get into a trouble with your investment, secondly I disagree with you on the aspect you feel that things could go sideways on Bitcoin, truly it may likely go sideways if your intentions are for short term profit making but however if your intentions are for holding Bitcoin for a long term I'm very confident that your investment will never go sideways because any price movement or volatility will not be your concern because your focus is the future and not current price fluctuations, so actually one of the most determining factor to your Bitcoin investment success is the ability to hold.

with the recent event around the globe that has contributed positively in the adoption and use of Bitcoin by a large majority of people, this is going to be the best time to accumulate as much bitcoin as possible.

I kind of like your strategy of investing 10% of your earning into accumulation additional bitcoin to your holdings because it kind of give you the leverage to be consistent with your accumulation and for the fact that you've been able to  accumulate it up to the fourteenth month would serve as a serious motivation to keep holding for a longer period of time. This for me is the realest way of investing using the DCA method. If you're able to buy with a percentage of your monthly earning that would still give you the freedom of meeting up your expenses with the left over of your monthly income then you're definitely on the right track.

The funny thing about the use of the DCA method in accumulating bitcoin is that we actually use a similar method as this in my locality to make savings that we will later take back at the end of the year.  You literally pay like 2% of your salary at the end of every week to someone who will keep it for you and will come back every week to take the 2% and because the amount is practically small, you just give it out and if you consistently do it for all the weeks of the year, at the end of the year you revive a huge sum of money in return with no interest at all. The DCA method is an advanced way of making such a tiny investment that has an added advantage of yielding profit if the holder is able to exercise patience long enough.

People who often see's the dump as a big deal are those who buy in lump sum at a particular price fast forward to seeing the price go downside from their entry point. Seeing this, will only raise too much thought and pressure, this is one of the ways where the DCA strategy has an upper hand because there is no reason to bother about the price DIP, if the price of Bitcoin decides to skyrocket or do the opposite, it becomes quite a huge favor seeing the price depreciating in value, as it will help accumulate more Bitcoin.

Bitcoin is getting more adopted globally, so many restrictions has been lifted, countries and individuals are now finding the importance of Bitcoin. Interesting facts about Bitcoin is allowing both the average earners and the wealthy to both pertake in becoming Bitcoin owners, where the average earners will apply the DCA technique to maximize profit and deem it comfortable during the whole process of investing.

That's how important that we familiarize bitcoin characteristic so that we will not get panic on the little drop happening since bitcoin would surely recover after correction happen.

For sure there's a lot of people learn something from past price occurred where bitcoin dumps so bad but now it recover at $46k and it slowly reaching at $47k anytime today. This mean that if we encounter some negatives on our portfolio we should not get panic since its just a paper loss and there's still a huge chance that we can recover that's why we should not get panic in those situation and continue to use bitcoin normally as if you want to invest or trade it.

We can see now how lucky those people who accumulate at $39k price since at short time span they are already gaining a lot especially if they accumulate huge volume at that time also there's big potential that they can even earn more from this since bullish run for bitcoin is I think bound to happen.

Mate, there is no need to diversify your portfolio if you have accumulated the amount of bitcoin that you want to accumulate. After you have achieved the amount of bitcoin you want to accumulate, you can diversify by starting a real-life business such as selling commodities or real estate so that you will have more sources of income that will take care of your financial needs and you can be able to hold your bitcoin portfolio until the year you wish to sell it.
I agree with you that trading and holding are two different things because trading has to do with buying bitcoin at a low price and selling it when the bitcoin price is high for a short-term profit. For instance, you can buy bitcoin when the price is $40k, and when the price rises to $43k, you can sell your bitcoin and take a little profit. Holding has to do with holding your bitcoin portfolio for the long term, even when the bitcoin price is increasing or decreasing. For instance, if you accumulate your bitcoin when the bitcoin price is at $40k and the bitcoin price rises to $50k, but you keep holding on to the expected year you want to sell your bitcoin.

As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.

Losses in bitcoin can always be recovered provided you don't sell off your position when there is a dump and bitcoin price is on a decline. This is one special quality that makes bitcoin very unique from other investments Yes it could be that there is a down trend and your capital invested is below what you invested, all you just need is patient and removing your attention off the market for the time being and never be tempted to sell off, as many weaker hands do. 0.5 BTC will always give you the same amount in dollars when the price get back to the range you bought it from. So when the price dump from where you bought from to another price level below it, you will only lose if you sell it. but if you hold it until the price get back to that level again where you bought from, you will get your capital intact and your continual holding will guarantee profit. Bitcoin was trading below $45k earlier this week and those who bought in this region before the dump to $39k and are still holding till now that bitcoin is  trading above $46k as at when writing this post have recovered their capital and are in profit. This is just to say that you never loss in bitcoin investment provided you keep holding your position.

Actually, there are better holders than you but the question should be that are they applying same strategy as you and again those that hodl more than you have they been able to also impact the knowledge of hodling to other people? Inasmuch as I know that this thread BUY the DIP and HODL was created as far back as 2019 and you've been the only one keeping the thread active since then that's to show your love a passion for hodlers regardless of some mistakes you did made in the past but here you're now teaching and advising people that are ready and willing to buy and hodl for a long time.

Some persons just hodl at a fixed amount and stop buying and hodling but with the DCA is has made it possible for everyone to take part in this hodling process as some persons that would have felt that the price of Bitcoin has gotten to a certain amount that is unaffordable have now been using the DCA with the optimism that they are gonna reach their desired goal someday thereby they would have a clear story to tell their children or the younger generation on how they were patient enough to buy and hodl for a long interval of time before they were able to achieve a certain length of success in their investment journey and it would stand as a yardstick to also motivate the younger ones on the need to be patient enough to achieve great results because one of the things that's affecting humans is lack of patience forgetting to understand that the future hold greater achievement than now.

Being a great hodler isn't only about being selfish and doesn't want others to have same perception as you do, but by bringing up good ideas that would motivate others to also take part in what you do and what you are doing because we lead by example so for you to have been spending most of your time to attend to this thread of BUY the DIP and HODL means you're a great hodler and a good motivator. though with the nature of things now waiting for a DIP may take longer time and one can even lose interest of buying due to the fact that a DIP may not occur or might occur at a time we least expected but by using the DCA it's obvious that we would keep buying and hodling no matter the quantity we are able to afford.

Selling part of ones BTC may not actually be too good for now since we're having a speculation of the price surpassing the previous ATH so for now we should be in the buying and hodling process till it attains a certain level of ATH.

Exactly, Bitcoin investment should be made based on self conviction by staying objective and think long term because Bitcoin will keep maturing and adoption growing steadily of which patient and due diligence remain a vital key, it is a new world of digital assets and decentralized finance.

Approach based on predifine criteria tremendously helps remove emotions driven decision making, one should  continually refine investment process based on lessons learnt by remaining flexible to new information.

factors like Job security isn't something that Is insignificant to be looked into in your Bitcoin holding plan because if at any point in time you loose your job, the next thing that comes to mind is your saved funds that can sustain you until you find something else to do. And would you want to stay hungry when you can use part of your holdings to sort out your financial needs?

It's important that as you make your investment, you don't play with your primary source of income. As a matter of necessity, it's even best to take your normal job seriously as though you don't have any investment at all. One of the major issue most long term holders face is the distraction that comes from knowing that they have somewhere to fall back at and so sometimes they might become too relaxed and unserious with their jobs because they have a backup that they can fall back to. Of course this is a shallow mentality that isn't right in it entirety and wouldn't encourage us to becoming better bitcoin holders.

i think that it depends more on the individual in question and the reason for bringing those factors into consideration. If you know what you're doing and you're making plans such as setting out emergency funds and also ensuring that you take your job seriously just do you don't at any point in time go back to your holding, it's a reasonable thing to do.

A procrastinator will always procrastinate and the excuse he gives doesn't really make any difference but we are not talking about them, we are more concerned with people that have already started accumulating no matter how little it might be and are setting out things that will encourage them to be patience with their holding.

Mate, I disagree with this choice of words limited knowledge in this industry, is it has been said severally that any one that has this self conviction and believe in the existing of Bitcoin and sees it as a coin worth investing just need the a basic knowledge to start his Bitcoin investment.

This is to say that knowledge about Bitcoin is still limited to both new investors and the experience investors reason being that Bitcoin is a fast growing asset that is giving room for corrections and new things are still being introduced in the industry and at such knowledge about Bitcoin is still increasing and limited to both new and experience investors. And on the other hand Financial advice should solely depend on the invest incase things goes side ways he has no one to be blamed but him self.

that's true. fear of investing and holding for long is one of the key factor why most of this people dont invest in bitcoin knowing true well that Bitcoin investment is not a get rich quick scheme. people are also careful and skeptical of the fast increase of Bitcoin thinking that it's becoming more expensive to buy just like you said that "the recommended amount to allocate to bitcoin is becoming higher and higher", they develop a prejudice  or a discriminational feeling. just like earlier this week btc was $42k and today btc price has pumped to the level of $46k, it makes some folks efficacy to be proven abortive. that made them kin to their prejudice situation and their expectancy of btc to fall dip for them to buy may never be possible. may be feeling the notion that they wish it could fall below $30k for them to buy, but such situation may never be possible except by mistake.


there may be probably better HODLers than you, but I speak about you, because frequent conversation i had with you earlier, shows that you are a great HODLer. and that has inspired you to educate more people on investment plan, because you develop your time to make sure you educate more folks on investment. and probably some pay deaf ears and pretend to flow along, but it to their own detriment because when btc price grows so high that they wouldn't be able to buy anymore, they will come back crying to you and by then it's already late to say had I know. to me you are not only long time HODLer, but also role model and a boss. one of the reason is TIME. time is precious and when you use it to educate people, it should also be reciprocated by action not by repetition. because repetition without action is a waste of time but I know many folks will kin to the dip and HODL for a better future ahead.


you shouldn't procicute yourself over selling some stash Wayback when there was an uptrend. at a point in every one's life there is that tempting sensation that make you feel to sell off, and you might end up selling some stash but that doesn't change anything from you. let by gone be by gone. what matters is how you where able to make some corrections and still keep to the rules. by now I know your wallet will be like a straw berry, waiting to chop off. LOLs

Try to understand me correctly,  I never said having a job is not an important factor in things to consider before venturing into Bitcoin investment, what I said was that, job security is not that paramount to things to consider before venturing into Bitcoin investment since we live in a world of uncertainty.

I believe that you are very aware that a man cannot do away with his job or business, because that is what put food on his table, so if he is being stop, like he was sack or his business is not profitable again, it going to affect every sector of his life, not just the Bitcoin investment, so a source of income is very important to keep up with the ability to not just to fund his DCA strategy, but also to put food on the table, that's why it's important to have saving and emergency fund which one can fall back to if situation like these arise, and that would sustain you till you get another job.