Topic: Buy the DIP, and HODL! - page 32. (Read 107181 times)

I never claim to know, either, yet intuitively there always seems to be a motive from the bears to try to push the BTC price as low as they can and to keep it as low as they can for as long as they can, yet there are various times when they are not able to achieve their objectives, and the BTC price goes up and gets out of hand to such an extent that it has to get to some kind of a pausing place in order that the bears can resume their mission of pushing the BTC price down... Kind of a simplistic explanation, and surely we have forces on both sides... and some might refer to BTC price dynamics as a sign of a kind of underlying war or a battle.. and yeah, there is likely some truth to that, including that those of us who have been accumulating BTC or continue to hold and/or accumulate BTC are the beneficiaries of a wealth transfer battle that no coiners likely would prefer not to happen.. so there are likely some forces within the representation of no coiners who would rather get your coins rather than you benefiting from the ongoing wealth transfer that is happening from the no coiners to the coiners.

Discussions of shitcoins in this thread may seem out of place but it is good such is mentioned so that clarifications can be made. Recall that a lot of people have been using crypto to describe even Bitcoin together with the various shitcoins, if these clarifications are not made, some people might think that buying the dip and HODL will apply to shitcoins too without knowing that shitcoins should be avoided because they do not grow in value with time but die with time.

Those of us that have invested in shitcoins before and learnt the hard way knows that the founders of those shitcoins uses fancy words too in marketing their garbage. So the discussions of shitcoin have further add direction to the general discussion here and through that many people have learnt, from the experience of others, that shitcoins should be avoided and the various approaches being discussed here such as the DCA method and buying the dips do not apply to shitcoins.

Although, that wasn't really my message from the post but it's fine you addressed that incase any other person or users sees it that way, it was just my view toward the short crash mentioned by wind fury you know, just some thoughts that some folks might actually be doing that(still a speculation) but nevertheless it's worth mentioning ..
i think this is just a sub probably those trapped in the FUD along the way but's still hard to determine what's happening below the $60k (in my view)...

You are still off topic in regards to this thread if you talking about selling and buying back BTC as a way to make profits... or maybe buying bitcoin at lower prices and then sell them on the way up in order to make dollar profits (which may or may not be a great place to hold value).  Getting bogged down into talking about making dollar profits would also be off topic for this thread.. especially if we were to be referring to dollar profits in regards to short-term considerations versus the kinds of profits that might end up being part of our BTC holdings 4-10 years or longer down the road when we might transition out of our BTC accumulation stage and get to some point in which we are considering withdrawing some BTC in terms of price based or time based withdrawal methods, which is also largely getting ahead of the main BTC accumulation ideas of this thread.

We are talking about ways to accumulate BTC with a presumption of holding the BTC for the longer term and potentially being powered by our decision and practices to accumulate bitcoin, so if you are thinking that selling BTC and buying back cheaper is a solid practice for accumulating bitcoin, then you are talking about topics outside of the topic of this thread.

Of course there are two angles to Wind_FURY's above questions.  First is why are people selling below $60k?  and then the Second seems to be asking how low the BTC price is going to go in order for any of us to potentially take advantage of buying BTC at lower prices.

Surely guys here employ a variety of techniques to accumulate bitcoin without necessarily resorting to selling, yet there still can be some relevancy in terms of asking why already BTC holders are selling their BTC, even while we realize that basically there are always going to be sellers for any buyers, and the ONLY way that the BTC price ultimately goes up is that there are more buyers than sellers - so surely some folks might be selling from time to time who already reached their BTC accumulation goals, and others might be selling to attempt to get the BTC price to go lower, and surely many of us can also be skeptical in regards to whether there might be ways for exchanges to allow to sell coins that do not exist, which is also known as rehypothecation or fractional reserve banking in which sometimes exchanges (or other third parties) do not have as many bitcoin as they are claiming to have, which can also be problematic for BTC price movements by suppressing the BTC price by more than it should otherwise be suppressed.  That is another reason to NOT keep so many of your BTC on exchanges if you might need to withdraw some (or all) of your BTC from time to time to both make sure that you are able to, but also sometimes it is better to just keep your holdings under your own control.. and even better if we were able to develop systems (and a kind of culture and practice) to be able to transact directly rather than going through third parties for our BTC transactions.

What i feel about this is that i think there are some groups making profit off the selling and buying points can't be an individual actually but the major reverse stays on 69K+ (i might be wrong on this but  this is what i'm thinking because it more obvious that there's something going on at that region.... Nothing more for me actually the Dip has always been an opportunity and there're millions with same mind set even though the minors might be trapped with FUD(since the sell is on the wrong hands) but that does not really matter more people will keep buying the Dip.

Exactly that's just offtopic . Those who are still playing with shitcoins due to the aim of trying to get rich quick will soon understand the reason why we always recommend bitcoin, I know most of you will be like, " There are shitcoins that are still good" , Nahh is better to invest in bitcoin and be in more safer side don't going around finding shitcoins to play with. And yeah shitcoins ain't like bitcoin so you can't compare it is comparing , batman and flash when it comes to race .

Overall not relevant when talking about shitcoins in a thread that is more focused on bitcoin, this will be ambiguous for some new people who come with not so good knowledge. The relevance of investment can be seen in the level of strength of the coin we want to invest in. This is based on market observations and it is certain that people will see bitcoin as a source they can trust to protect the value of the money they have. He still considers DCA to be a good strategy that can be applied by anyone, although buying the dip is also a good move when someone understands the pattern.

Comparing shitcoins with bitcoins is a big mistake and maybe people don't know the basic differences between the two. That's why it's important to have knowledge so that someone can distinguish which potential coins are worth investing in. Investments cannot be carried out without understanding the patterns and most beginners misunderstand the steps required to carry out investments correctly.

Absolutely correct and the earlier everyone understands the difference while contributing to discussions on this thread the better for us all, because cryptocurrency is an ambiguous words which could mean not just bitcoin alone but shitcoins altogether whereas the trajectory of the discussion on how to buy the dip and hodl by maximizing the DCA strategy is strictly on bitcoin. I think staying on course this was will help even newbies getting into this thread for the very first time to know specifically without getting confused or misled. Shitcoins ain't bitcoin and there's no logical comparison about that.

We are not talking about shitcoins in this thread, and surely I would not recommend anyone to be fucking around with shitcoins and/or considering that shitcoins are the same as bitcoin, since even the term cryptocurrency lacks specifics regarding what to invest into.. so it seems quite problematic and misleading that it is even a good idea to think about shitcoins or to compare shitcoins to bitcoin in a bitcoin thread like this.

Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market and also the only way to guarantee the safety of your funds but to make that a reality, its important to employ an effective strategy because its not just about Buying Bitcoin, it takes more than just that. For instance, the commonly adopted market timing approaches such as buying in the dips can be dangerous to investors, especially the beginners, just as you've rightly pointed out. Instead, take a buy and HODL strategy where you can find yourself holding Bitcoin for several years without selling to enjoy the benefit of its increasing value on the market. Thus, this strategy enables you to concentrate on the asset’s prospect and not the direction of its short-term performance. Also, one must take time and learn more about Bitcoin and the cryptocurrency market, and then know what they want to achieve financially and never invest a dime they can’t afford to lose.

I had been proposing bets that the spot price would not go below 20% above the 200WMA until after 2025, yet surely we have been getting pretty close to those numbers in recent times.  Even though I am willing to bet, I know that I could end up being wrong, so I would not be betting very much or even beyond 50/50 odds.. .. but yeah, when folks are proclaiming super low BTC price dips, they tend to back off of their assertions when you ask them to bet on their prognostication of such seemingly extreme dip numbers.

We know that there is an idea of cycles and what kind of a market we are in, too, but even the ideas of cycles could disappear, and we might not be in a bull market, even though it seems that we are, potentially until 2025-ish.. .

Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).

Surely all of us who are buying or holding onto our BTC hope that we are on the correct side of matters, yet there are no guarantees, even though historically the buyers and holders have been disproportionately more correct than those who had failed/refused to take a sufficient/adequate bitcoin position.  Bitcoin's investment thesis does not seem any weaker, and there seem to be a lot of ways that its investment thesis is way stronger than it had been historically, even if the upside potential (in terms of percentage moves) is not as great as it had been in earlier times.


The best time to accumulate bitcoin was yesterday, and since you cannot go back in time, the second best time to accumulate bitcoin is today.  

So, get started, if you have not yet gotten started (not referring to you specifically SuperBitMan).


It is probably a bit of a fallacy to think that you need to employ different strategies based on a perception of being late to bitcoin.  Sure, you can realize your mistakes and choose to be more aggressive in your bitcoin accumulation than what you would have otherwise had done, yet at the same time, you still need to work within the parameters of where you are at rather than where you wished you would have had been.

Let's say that 4 years ago (mid-2020-ish), someone found out about bitcoin, and they had an investment portfolio of $100k, so they knew that if they had been smart at the time, they would have had invested 10% ($10k-$12k) and it might have had taken them 1 year to establish their 10%-ish position. .. So if they go back and the calculate their amounts, they see that $230 per week from June 2020 for one year would have gotten them to nearly 0.7 BTC with only right around $12k invested.

Since they did not take such action, they are now thinking that they have to make up for their failure/refusal to adequately accumulate BTC.  How are they going to accomplish such additional aggressiveness in their BTC accumulation strategy without overdoing it?  They can still invest $230 per week and they can even carry out their DCAing for more than a whole year.. so if they are trying to get up to 0.7 BTC or maybe they are trying to get up to a whole BTC since they can see that they could have had 0.7 BTC with merely a years worth of aggressive accumulation between mid 2020 and mid 2021, but maybe they feel that they have to accumulate more?  I doubt that being more aggressive on the dips would be an appropriate solution - since if they are holding back money to buy on the dips, then that likely means that they are not being as aggressive as they can with their DCA amounts... Sure there might be a formula that allows aggressiveness in regards to both, yet I still will assert that there are trade offs if you are suggesting the solution is to be more aggressive on the dips, then you are choosing to be less aggressive with your DCAs.

Even if we go by your forum registration date, and maybe we even presume that you had gotten started accumulating bitcoin for the past year (a little prior to your forum registration date), we would see that with the same $230 per week, by now you would have had accumulated close to 0.28 BTC, so you would still be nearly 0.42 BTC short of reaching 0.7 BTC and still 0.72 BTC away from becoming a whole coiner.  So, the extent to which you consider that letting off of the aggressiveness of your regular DCA and/or holding some of that money for buying the dip would be personal choices that might not end up making much of a difference in terms of causing you to accumulate more BTC than you would by pursuing a more strict and perhaps somewhat aggressive DCA strategy.  The ways that you change your aggressiveness can have tradeoffs that may or may not make a lot of sense, even though surely there can be ways that you might feel psychologically better with some strategies as opposed to other strategies, even if the difference between such strategies might not be very much materially different from one another.. since at the time that we do any action (to buy BTC or whatever), we have no real idea which way the BTC price is going to go, even though after the fact we can look back and say, I should have done this or that or another thing.. which seems to be a bit of a problematic way of assessing what realistically you should have done (and/or would have done).

You both can be correct but basically it comes from personal objectives,  how the person sees the market and on how he/she decides to flow with the market. One can over prioritize his investment and still be able/willing to hold for the long term and it also can go the other way round but on the case of prioritizing, now mostly the new investors would believe due to some hearings  that Bitcoin is the absolute root to financial freedom, (not saying it can't be) which makes them vulnerable to invest more than they should and causes certain tragics on how they get to survive.

Seeing a safe opening to invest aggressively should not be neglected, it can be seized and made to advantage but to be done against our stability.

There's no specific time or period to invest in bitcoin. If anyone is interested in investing in bitcoin, and if that person has already kept the funds somewhere to start his bitcoin investment, the person can start right away to accumulate bitcoin with the DCA strategy. Trying to invest in bitcoin only during the dips is not a good strategy to adopt; it will delay your accumulation process, and you might miss out on holding bitcoin if the bitcoin price fails to dip to the price you want to buy. For the sake of those who are new to bitcoin or who are just starting their bitcoin investment, your comment is misleading because they will believe the best time to invest in bitcoin is during the dip.

You were alone on that, as far as I know some of us were buried in that thought for some period of time as newbies growing up and learning as a part in a whole in the bitcoin ecosystem. The dip doesn't mean much for an investor that plans to invest accumulatively and hold for long, the dip only serves as a leverage for more profit to the investor whenever he buys at the dip but that doesn't mean that as an accumulator through the DCA strategy he has to wait for only when the market price dip before buying, you just have to buy now the then as the funds avail itself.

Through this thread discussions a lot of us has been able to gaining more and more correct knowledge with regard to how to accumulate bitcoin and hodl which has really been helpful in discarding the former ideas we before now thought were all proper.

I don't agree with your assessment that buying more bitcoin when the opportunity presents itself (DIP) will lead to withdrawal tendency in the bullish trend. That's a pure lie, unless you never had the plan to hold your bitcoin for long term that's only when you will think about doing that. There is no sense in seeing an opportunity to buy more bitcoin at a reduced price and you  let it slide because you don't want to be tempted to sell when the green candles return. To me it is not a smart move, because an ideal investor will make good use of the opportunity and get more bitcoin because it will benefit him at the end of his holding period. If you decipline yourself very well you will not be tempted to sell your bitcoin investment.

Moreover aggressive buying is not a bad thing, some people buy aggressively when they see the opportunity to meet up with certain amount of bitcoin holding they have set up for themselves. It also depends on when an investor started his accumulation journey, those who started late will tend to buy more aggressively too when such opportunity comes up, in order to meet up with some reasonable amount of bitcoin stash in their portfolio.

You know, before I use to think the best time to invest in Bitcoin is the Dip but while I was growing I realized that I was wrong and that it can only be best time for those who uses that strategy but that strategy is nothing to compared with the DCA method which is termed the best strategy in accumulating Bitcoin because one can accumulate regardless of the price or market movement and after accumulating it is advise to hold for some period of time. A wise person is someone who reads, Check himself if he's doing well or not in his investment and if he's not then, he will re-strategize and do what is needful and at the end of the day, he will see himself doing absolutely fine which is what every investor wants though it can be ard sometimes but it's always good and it may not be in Bitcoin investment but other investment or business.

The dip is just an opportunity to accumulate more with less price or account an not the best time to accumulate, if you say is the best time to accumulate that means one has to wait till the dip before one can start accumulation and the difference in amount may be very small.
There's no best time to accumulate Bitcoin as long as you have the knowledge about Bitcoin and how to invest you can start, there's no best time in Bitcoin accumulation.
This statement is one reason some people always wait for a dip to happen before they can start accumulating they feel the dip is the best time to accumulate Bitcoin.
Waiting for the dip or thinking the dip is the best time for accumulation will only slow you down in your accumulation journey and before you know it years has passed without you having a good number of Bitcoin.
If you want to go far in your Bitcoin accumulation then stop thinking about dip being best time for accumulation.

🤔

I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.

We all understand that having an emergency funds and source of income is very important but have you ever ask yourself sometimes that what if somebody does not have a steady source of income will the person invest or not? So perhaps when we throw more emphasis on having a source of income we should also understand that there people who are less privileges but believe so much on Bitcoin investment so perhaps as long as the person is getting a little funds they should be able to start there investment because sometimes fear of uncertainty is always a problem were somebody will feel that since they did not have a steady source of income they will not invest so that they will not have a problem on the process, so perhaps on less the person doesn't have any means at all to start if not there is nothing wrong in starting because there are people who started investing on Bitcoin when they had no steady means but as time goes by they were able to get a job and other source of income and they continue to enhance there investment.

I'm actually a little lame with the statement that the best time to buy is when the price is falling.
Looking from the situation of buying when it goes down is very good but in the end waiting for a decline is necessary and it is not short because of some considerations even though it is going down sometimes we expect more things with a decline to be further that in the end we do not buy and momentum is just missed.
I think in this case the best time for us to buy is when we are ready to buy without any element of coercion and of course we are ready with all conditions including losses so that we are more comfortable in making purchases because we already understand the risks we will have after buying.

Not that buying when it goes down is the wrong situation because after all it is a good thing and sometimes it has to be done especially when the target is long-term then it is clear that buying when it goes down and continuing to hodl until our goals in financial freedom are achieved is clearly a good thing but I don't feel this is the best purchase because there are still many loopholes including the war of thought when prices go down but we don't want to buy because we expect more decline it can be a loophole in this case. and when there are still many loopholes in my opinion it is not the best purchase.