Topic: Buy the DIP, and HODL! - page 329. (Read 108612 times)

Mate, read the quote again you will understand he/she says that accumulating Bitcoin with the DCA strategy will make people not have much profit in their Bitcoin investment because they used the DCA strategy to accumulate a small fraction of Bitcoin. If you using a lump-sum strategy to buy your Bitcoin and I'm using the DCA Strategy to accumulate my Bitcoin does not mean that you will have more Bitcoin than me because you are buying your Bitcoin at a go. Both the poor and rich people adopt the DCA strategy when they are accumulating Bitcoin, the most important thing is to adopt the strategy that will be suitable to control your emotions when accumulating Bitcoin and also keep you in a safer zone. Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

I think that I know what you are saying here, but ultimately we should realize that our beliefs are manifested through our ongoing actions, which could be ongoingly buying BTC, but surely sometimes we might get nervous about ongoingly buying BTC, so then we still are faced with a dilemma in which we have to assess how long we have been stacking sats and how many sats have we accumulated.  Accordingly.  do we keep buying or do we pause or do we make any other adjustments, and so in that regard, we have to have some ways in which we anchor our beliefs into where we are at and where we would like to go and questioning the extent to which we know if the BTC price might go up or down, but we still may well be in a place in which we either continue buying $100 per week or maybe we end up splitting $100 per week into two parts, buying $50 per week and using the other $50 per week for buying on dips.. or maybe we realize that we might get worried about whether we might regret any kind of a reduction of our DCA.. even if some of our current DCAs are getting us way less (nearly 60% less) than the amount of BTC that we were getting or the same dollar value a mere 2 - 6 months ago. . but we might not have many more options, and maybe we don't even feel like working harder or more hours or reducing any of our expenses anymore than we already had done, so we just have to deal with the cashflow that we have.

Who knows? 

Many of us consider that the bull run is likely coming in late 2024 and into 2025 - but surely there can be no real way of knowing, and just perhaps not get too worked up about various scenarios that could throw off the pattern in one direction or another, but there could still be a plan to accumulate 0.5 to 1 BTC in 5 years, but then if the BTC prices are going up so rapidly, there could be some concerns about if those kinds of goals can be reachable, so then the goal could just end up getting adapted in terms of the amount of dollars invested and not really having strong ideas regarding how many BTC might be accumulated in the next 5 years.

Mate, read the quote again you will understand he/she says that accumulating Bitcoin with the DCA strategy will make people not have much profit in their Bitcoin investment because they used the DCA strategy to accumulate a small fraction of Bitcoin. If you using a lump-sum strategy to buy your Bitcoin and I'm using the DCA Strategy to accumulate my Bitcoin does not mean that you will have more Bitcoin than me because you are buying your Bitcoin at a go. Both the poor and rich people adopt the DCA strategy when they are accumulating Bitcoin, the most important thing is to adopt the strategy that will be suitable to control your emotions when accumulating Bitcoin and also keep you in a safer zone. Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

We used to invest earlier and after investing earlier we saw the market only going down for a long time but still we held our investment deep hoping for something better. The market is in a much better state than it was once. Now is a golden opportunity for new investors because the market is now positive and we have been observing the market positive for almost six months. Now if an investor invests in Bitcoin and holds that investment deeply then he will have a golden opportunity to grow his money.  

By investing now there is a golden opportunity to get some good profit in future so I never tell those who don't have money to invest in debt because if a person decides to invest in debt then he will never be able to hold his investment for long. As far as I am concerned those investors think of investing who have some amount of money in savings and very few people decide to take out loans and invest. Although Bitcoin is a reliable investment platform, I would never recommend borrowing money from others to invest with that money. You can invest with the amount of money you have in the current market and before investing you must keep in mind that you can hold your investment for a long time.

We all have some objective to invest, but none of us invest aimlessly. While planning long-term investment, our objective is to earn good amount of money at the end of long term and while planning short-term investment, our objective is profit. In the beginning, it is natural to think that he will invest in Bitcoin and change his position in a short time, but after a few days of investing, when he tries to learn more about investing, his misconception about investing will be cleared.
I remember when I started investing I thought to myself that I would make a lot of money after a few days of investing so I checked my wallet every once in a while after investing. But when I realized that if I want to get something good from the investment, I must hold this investment deeply, I thought of holding my investment for a long time and I succeeded in holding it for a long time. After holding my investment for a long time I got enough success that's why I now favor long term investment and still hold Bitcoin in long term investment plan. If the new investors are starting their investment I think after starting they will get to know about the investment and their misconceptions will be cleared and they will definitely be in favor of holding their investment for a long time.

It seems you don't really understand the points he is trying to make, I think what he is trying to say is that DCA involves more on accumulation of bit by bit with a smaller amounts of money one could afford, of course he is right because we all know what DCA is all about in times of people who doesn't have enough money to invest huge on Bitcoin but however instead of waiting and hopping to have enough money before starting accumulating Bitcoin perhaps they could get started from the little they have and keep accumulating consistently although at first it may not worth much amounts of Bitcoin but with time it will surely appreciated.

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I think that AI would do a good job of tracking similar moments with identical candles. I think finding several dependencies in the existing history of candles would be at least interesting, and perhaps even productive.

Yeah, I remember that times
I once wrote here that a certain percentage of bitcoins always remains in my portfolio, no matter how much I think that it is necessary to sell bitcoins completely in order to increase its quantity later

Unfortunately, when the market is green and the hamsters start wanting to get into the rocket flying to the moon, there will always be those who will tell them that there is a rocket on altcoins and it will fly higher and FASTER. And as always it turns out that this is not so. It took me many years to understand that I only want Bitcoin in my portfolio, about at least 90%

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

Believe me all this analysis and speculation, using the past movement and comparing currently might turn out to be true or not, the main idea to understand is doing what we have to do so as to remain in the safer side, do what is necessary and allow the market flow in its owner manner, I believe it always turn out well to those who keep believing. There is still more greener candles to experience as this is just the beginning of our success story in Bitcoin , our goal is to hit a new All Time High


For sure, all Bitcoin owners deserves a miracle because these are the same set of person who keep believing and remained positive all out the time Bitcoin was down, they say “One good turn deserves another” it is now the time for Bitcoin to play his role and reward those who kept the believe.

Good for accumulation phase if you bought your coins at early quarter of the year for sure you are already in huge profit at current month since bitcoin pump so high where it creates a huge hype from people. Also FOMO is now starting up since I think there are so many people that ever think that there would be more pump to come next year which is possible to happen.

I guess even if we already see a pump this month where bitcoin reach at $43k at current price still this is good to buy since there are still more good times to come specially next year where halving is about to happen.

hahahahaha

You are right.

I had not even noticed that so far we have 8 weekly green candles in a row, and yeah, I recall spending quite a bit of time talking about how many weekly green candles that we had in a row during various historical periods.  Surely you can go back and make those kinds of comparisons, and you will likely see that there are certain limits to how many weekly green candles tend to come in a row.. there will frequently be some correction (or red weekly candles) in the middle of some of the longer streaks of green candles, and even sometimes there will be a long streak of green candle, and then one or two weeks of red candles and then a resumption of many green candles in a row.  I am not sure how much we can determine from this, except sometimes we do end up getting nervous about whether the green weekly candles can continue and/or if they are sustainable...and I am not claiming to know the answer, even though surely it sometimes can be a good dynamic to watch. and to count them.

You might also may want to look at from April 2019 until June 2019.. there might have had been a few red candles in there, but we did have 3 months of price rises to 3.5x  from right around $4,200 on April 1 until the $13,880 at the end of June.  It might not have had been the longest streak, but it is a fairly modern times good example of a kind of price rise that ended up playing out while at the same time being somewhat unexpected and recking a lot of shorts, bitcoin naysayers, shitcoin coin pumpeners, and fence sitters.

We need to be careful when extrapolating this kind of information... because it becomes problematic to just shoot past the previous ATH... especially if we are starting at a base that is less than 1/2 of the current ATH.

Sure it is not impossible, but I would not get too worked up in terms of expecting low chance events to play out.. even though it does not hurt  to be prepared, just in case, as long as you are not putting too many eggs in that basket.

I doubt it.  Bitcoin gives less than two shits about seasonality, but surely we have money printer dynamics that are going on  since early 2020 and not really stopping, we have some ETF approvals that seems to be looming (and quite likely), we have the upcoming halvening, and we have some history of overly correcting in terms of the levels of scams and likely suppression of the BTC price in mid-to-late 2022, with surely some recovery from that even in 2023, even though the BTC price was still likely somewhat suppressed throughout most of 2023 (since it spent a lot of time below the 200-week moving average), even though people were talking about bitcoin as if it were a mature asset, and surely it is not.. surely bitcoin has a kind of price dynamics that includes stock to flow and 4-year fractal, but likely more importantly, exponential s-curve adoption based on Metcalfe principles and network effects (as outlined by Trace Mayer).  So it seems a bit ridiculous to be treating BTC as if it were a mature asset class, when it is not... and so too bad for the so many people that remain no coiners or low coiners, and they could surely advantage from owning some bitcoin in times like this, even though an overwhelming majority of the world's population had little to no exposure to BTC prices.. in terms of direct or indirect ownership.. only in terms of macro-dynamics which is less likely to advantage them on a personal financial level..even though they likely get benefits from the actual existence and the power of bitcoin.. just not personally in a financial/psychological way of owning some of it...

2023 turned out to be quite bullish.. so yes, it seems that frequently even the more bullish years in bitcoin end up being riddled with simultaneous drama to try to talk people out of their investment in bitcoin, and too bad for the folks who get diverted away from bitcoin by 1) failing to take a BTC position, 2) taking a whimpy bitocin position or even 3) selling some or all of bitcoin that they previously held.

Mate, I disagree with you on this statement because using the DCA strategy does not mean you will accumulate Bitcoin at a small fraction or get a small profit from your Bitcoin investment. The DCA strategy will help you prevent bad timing in accumulating your Bitcoin and reduce the impact of volatility in your Bitcoin portfolio. Someone might buy Bitcoin worth $1k with a lump sum buy and another person might also buy Bitcoin worth $1k with the DCA strategy, and the person that bought with the DCA strategy might end up having more Bitcoin than the person that bought with a lump sum, because the person that used the DCA strategy bought at different prices. For instance, someone might want to buy Bitcoin worth $1k, and the person choose to buy it with the DCA strategy and divide the $1k into 10 places to be used for accumulating Bitcoin every week, with a minimum buy of $100 every week.

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

True, all individuals have freedom in terms of choosing the way in the investment approach they will take on Bitcoin, there are no restrictions and no one regulates you except yourself, whether you will be aggressive or remain normal as usual in your investment approach basically it is all up to you and your own choice which means only you yourself know what is best / safe for your journey of involvement in bitcoin. On the other hand for those who act aggressively but do not have a good balance or finances in their finances it seems that I would be a little suspicious of them in terms of the purpose of their arrival.

On the other hand, aggressive has the equivalent of excessive, and something that is done excessively usually has a goal that makes less sense behind the scenes, and if there are some who are involved in bitcoin bringing scenarios like this it looks like they want something instant or the meaning of reciprocity that can make them feel satisfied in a short time. Can you achieve the results according to your expectations? yes maybe but do you have a very good understanding and knowledge of bitcoin? maybe yes and maybe no, planning and behavior like that makes me keep a little question mark. Another thing is that I quite agree with your idea @JJG that if we want to do a fairly / very aggressive way of approaching bitcoin that means we must have something that can sustain our real life or that means having prepared an emergency fund that will keep you okay during your involvement in bitcoin, and do not let your aggressive approach not be the result of careful consideration beforehand because obviously it will only worsen your situation and living conditions.

Even if Bitcoin becomes $250k it will still be affordable to those who know how to place their tenth around bits instead of focusing on the whole 1 unit worth of Bitcoin at once which at that point may be seen to be too expensive to achieve at once, the awareness of this approach of accumulating in bits when the price of Bitcoin become overly expensive with trillions in market cap, it will not eradicate the DCA approach and at that point, small bitcoin investors/accumulators are only left with the choice to bounce back on bits as the main mechanism to accumulate bitcoin at that point.
Such a price is much farther away from us for now,

Lets take for instance, first week of last 2 month if someone purchased a bitcoin at a go without doing DCA don't you think such person could have made about 5 to 10 percent of their investment?

person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.