Topic: Buy the DIP, and HODL! - page 33. (Read 121687 times)

the thing with them is that when the market goes down, they expect it to go further down and then further down till the point they feel well positioned to buy. That's just topical of a procrastinators strategy, always waiting for the best time to buy that never comes at the end of the day and then they give excuses when the market bounces back that it's too high to buy. Truth is that waiting for the best point before buying is a strategy that's not for at least 70% of Bitcoin investors who don't have enough resource to use that sort of strategy. The same way bulls don't last forever it's also the same thing that happens when there's market correction. There's certainly going to be a rebound and trying to wait will only delay you in most cases and won't place you at a better profit.

The whole issue of having to wait for the market to become more favourable or trying to understand if you should buy at the current price because you feel that the DIP won't go further than it currently his will be totally insignificant if one is buying with the DCA method. Volatility is 💯 going to always be a part of the market and wether you invest now or wait for the next week to buy, you're still going to buy at some range of prices that related to holding your Bitcoin for 8 years upward will likely be insignificant considering the possibility of the price Bitcoin would have attained by then.

Even though analyst tries to predict market condition, the market is on an average look very unpredictable and you can't really tell when to expect a dip and can't also tell the extent the DIP will go but if you've fixed an amount that goes into weekly or monthly DCA, you're certain that you're going to accumulate chunks of Bitcoin that on an average, you will still be in good profit as long as you're investing for the long term

We have to appreciate the fact that people have different targets when it comes to their Bitcoin holding. Some might target to hold 10BTC whereas some might dream to own just 1BTC, these things are not fixed values and depends largely on the individuals and also influenced by the demographics. So, any individual that decided to diversify his investment is probably satisfied with his Bitcoin holding even though it may not seem too big for you.

Diversification is not really something bad because people diversify for various reasons such as pursuing a passion. Personally, I would want to venture into farming at later time in my life, that is my passion so when that time comes, irrespective of the quantity of Bitcoin in my portfolio, I will pursuing that passion. I'm being aggressive in building my Bitcoin portfolio now because that is the stage I am now and when the point of me going into farming comes, a greater percentage of my funds will be channeled into farming. Everything is all about planning and personal ambition.

The sky is not always clear, there are times when the Bitcoin market suffers and falls, it's just that, Investors don't know when that will happen. Some investors think that when a downturn occurs, the best thing to do is to take a step back and wait. However, this is a wrong assumption, as Bearish conditions are the best time to increase your portfolio and get more Bitcoin for the next market cycle.

Of course we can mention altcoin when we want to give example of short-term investment that has impractical end, newbies or intending investors should be targeted audience that are supposed to be put through on this, old folk here already know what altcoin is capable of doing to their investment plan and that's why I think that any old folks going that lane already knows what's at stake so anything that happens along the line he /she should be bear it, they newbies need to know that altcoin and shitcoins are not good for investment and thats why we need to continue stressing on it but not the other way round, am always concerned about new investors because they hear and see different things from the social media by influencers and the only way we can help many of them to reshape their mindset towards what they have believed already is to keep sounding it if the need arises.

Buddy you don't say fuck them because most people don't even know what they want, they only concentrate in quick money stuff that may not end the way they planned it, also some people are so dumb to the extent that they can't differentiate between a trusted and untrusted investment, these set of people just concentrate on wanting to make money without considering whats involved, as far as digital asset is concerned, bitcoin remains the only asset that has potential of benfiting its investors if they abide by the rules and the process of achieving the long-term goals,

When I hear people talk about diversification I laugh, although am not against diversification but it would have been better for some people not to deceive themselves by talking about diversification when they already know that they don't have enough Bitcoin in their portfolio, instead of saying they want quick they keep confusing themselves, if people must  diversify, I think it should be when they are sure that they are satisfied with their hodlings and they should diversify to meaningful assets not some shit kind of stuff.

If you are using DCA strategy for investing then why wait for dip period like a fool. Buying Dip may not be easy for those who are just starting Bitcoin investment i.e. new investors. Also, waiting for a dip period in the market is also unwise, there are some investors whose main goal is to buy bitcoins during the dip period i.e. they want to buy more bitcoins at low prices. But the time they wait for does not happen in the regular market and hence they are not able to invest. But they had ample opportunity to buy bitcoins at any given moment in the market.

Dips are unpredictable, so instead of waiting for this period to invest, one should set a fixed source of income and prepare to buy bitcoins immediately i.e. buy bitcoins continuously and prepare to prolong Holding. By buying Bitcoin regularly you can take advantage of any time in any market.

We know that Bitcoin investment is optional for people to choose whether they want or not but don't you think that seeing a beginners who is making a mistake on the kind of investment they choose to invest needs to be corrected and show the best and suitable investment for them?, so actually there is a saying that information is power because the kind of information you have on Bitcoin may not be the same as there own and we no that something you do not have idea you would hardly realize the importance until someone open your eyes to see what you are missing.

So is left for us who understand and know a little more about Bitcoin to educate the beginners who are trying to go astray from the right investment to come back to there right senses, however let me use the help of JayJuanGee to explain what I'm trying to say, so  actually you can see how a lot of us has improved on our Bitcoin investment through all the investment advices gotten from him, so have you for ones ask yourself a question that would we have gotten all the kind of information and motivation we have on Bitcoin now if not JayJuanGee?, so there is nothing wrong for you to also impact the same knowledge to others who needs to be guided instead of seeing someone falling inside a pit when you can possibly help him but you chose not to.


Using the word "For now" Is not even right because you even indirectly saying that there would be a time in the future were other altcoins will surpass Bitcoin, so actually there is nothing like such uncertain word about Bitcoin in the future because as we always said it will continue and even grow more further, so we should even stop putting Bitcoin in the shoes of those other investment because they don't have the same purpose and anybody who wants a better tomorrow will go for an investment that has a purpose which is Bitcoin and nothing else.

You're right, the main point of discussion in this thread is Bitcoin because it suits the subject matter of the thread which is (Buy the DIP, and HODL!) first off, let me emphasise on the word HODL, it's not good to buy and hold any other cryptocurrency asides Bitcoin because it is the best Cryptocurrency that's most suitable for long-term investment purpose. However, investors that are only buying Bitcoin only during the Dip season are not making the right choice, yes the Dip gives investors opportunity to buy Bitcoin at a more cheaper price but then investors can buy at any entry overtime and seize the opportunity to buy when the price drops, which is why the DCA is one of the best method to use when investing on Bitcoin. Apart from the instance you've given, investors never can tell how much they would've accumulated while they're waiting for the dip to occur, that strategy would make them miss out on several accumulating opportunities. Talking about diversification, I'll rather diversify to another investment than investing in other Cryptocurrencies asides Bitcoin, atleast one could still use some portion of the profits from other investments like Real Estate, Commodities to continue building their Bitcoin Portfolio.

There's no way I said that our main focus here is only to accumulate bitcoin in a dip. What I meant was that our main focus here is to discuss bitcoin and not about altcoins. I'm not a newbie, and I know buying bitcoin only when a dip happens is not a good option, and that will not help any investor accumulate a good amount of bitcoin. What if the dip happens and there's no available fund at that time to buy the dip? So there's no way I would advise any investor to accumulate bitcoin only with the buying the dip strategy. Even though the Eth fee is low, it's not a good choice to diversify your investment in Eth because it's still an altcoin. Maybe if you want to diversify your investment after you have accumulated the amount of bitcoin you want to hold, you can start a real-life business. For instance, you can decide to go into real estate or you can start selling commodities so that the money the business will be generating can help solve your daily expenses, and it will allow you to hold your bitcoin for a long time because you now have more sources of income.

For now didn't see any shitcoins out there have same potential with bitcoin since usually majority of them posses huge risk to lose money for those people try to spend some money on time with these tokens.

And I don't feel any good at it as what other people said since its like we are just riding up the hype then get stress when a quick market collapse happen. These scenario made me think that its not really worth it to invest with shitcoin if we aim for long term since most likely there's huge chance for us to lose our money especially if we cannot be there all the time checking our investment made from those token.

So what's really more better is to go directly with Bitcoin then do DCA since there's nothing more reliable and those what we experience from shitcoin will provably not gonna happen since somehow we feel safe since bitcoin is always good asset to accumulate.

It is only natural that investor interest in Bitcoin is increasing due to its status as the crypto asset with the highest value and its performance is better than other crypto assets. To keep your investment safe and according to plan, it is highly recommended to use cold money that is not used for other needs to avoid cash flow problems if the value of Bitcoin decreases. It is highly discouraged for investors who want to invest in Bitcoin to use funds generated from loans (debt) because this is very risky when the price of Bitcoin drops.
In addition, an investment strategy is very necessary to facilitate the accumulation of assets, if possible always avoid purchasing large amounts at one time. Ideally and most recommended is to buy Bitcoin periodically or more commonly known as the DCA strategy.

Note that Bitcoin is the only long-term investment worth investing in, if you ever invest in anything other than Bitcoin, chances of losing money are high. Because only DCO method invests your bitcoin for future years it will not be destroyed, but if you choose altcoin directly to get more profit then it is maximum stupidity and more likely to be destroyed which will run out of money. So if we are thinking of long term investment then surely we will choose Bitcoin following DCA method no doubt. Because your investment will last longer and you will be more self-reliant.

Those trading their bitcoins doesn't know it's worth and value otherwise they would have only hodl their bitcoins for long term increase and not be so inquisitive about the low profits they get while trading in a short term. 


People who wasted their bitcoins in the past when bitcoin hasn't gotten any recognition cannot be blamed because as at those periods, bitcoin was relatively new in the market and a lot of people were scared of losing their asset but now that it has become the best performing coin, there is need for people to own it more as a store of value rather than settle for trading.

The traders sometimes can make money using the shitcoin,but it doesn’t mean the coin was moved to potential from the shitcoin status.The profit time will be the happy one to the investors,but if the same coin was changed to the termination status.All the investors will loss their investment completely,before the end status.The market for the shitcoin will reduce to never believe range and almost near to the zero value or 80+ percentage on the price in a week period of time.



The market dip need some time for the correction,when the market at the bear one.The traders should use the opportunity to buy the good potential coin to take profit in long term.The bitcoin was different from other coin,because even now many traders blindly inverse in the bitcoin compared to many coin in the market with more potential.The Ethereum investment also the promising one to the traders investment.

Yes, Bitcoin is optional, and nobody is forcing anyone to invest in Bitcoin. But the truth is that Bitcoin is the most secure coin, and no other coin can compare with it in terms of investment. That is the reason why this thread was created: to guide people on methods of accumulating more Bitcoin without panicking about their Bitcoin investments.

I believe many people have gained from this thread and have accumulated a certain amount of Bitcoin with minimal stress. They have continued to hold onto their Bitcoin investments for a long period of time. In fact, this has encouraged me more on how I can hold my Bitcoin investments without panic and given me more hope about continuing to accumulate more Bitcoin.

In short, any newbie that visits this thread will likely not be confused or persuaded to invest in any altcoins, because they will know that altcoins are not for long-term investment and are more about gambling.

In fact, it is important to have adequate backup funds for our DCA, if we want to run our DCA for a long time, we must have backup funds. Because if we want to get any good out of DCA then we must make it a long term holding, at least till next 3 cycles, if we can take a firm decision of holding for next 3 cycles i.e. next 12 years and run DCA accordingly. But it will definitely give us adequate returns. So we have to decide on holding for the next 3 cycles, and must have backup funds to continue this holding uninterrupted.

A shitcoin is a shitcoin, no need to entertain the idea of investing in it, even if you could profit from playing the game. Just focus on the dark side—shitcoins are scams. If you're making money from it, that means some investors are losing. It might be acceptable if the ones losing have no idea they’re investing in a shitcoin, but if someone knows it’s a shitcoin and still sees an opportunity to profit from it, that’s almost like a crime. You’re benefiting at the expense of others.

As you should be adequately prepared for dips, the right advice is to run a DCA as well as ensure the adequacy of the backup fund so that it has at least 6 months of cash to meet your family's day-to-day needs. The more you have in your backup fund, the more confident you can be in investing. For example, if you have floating cash to cover household expenses for two years, you can run DCA as well as aggressively buy during dips and this approach tends to increase the holdings in your portfolio relatively.

Shitcoins can cause your portfolio to suffer with a tendency to lose capital most of the time. Following the DCA method over the long term and typically during Bitcoin's price corrections, holdings are likely to grow multiples with overbought cycles running multiple cycles. Your focus should be on making sure you make the most of every cycle trying to increase your holdings of Bitcoin. Deposit Bitcoins for long period.

You are absolutely correct but our focus now is not buy the Dip reason because the Dip doesn't just occur every day or anyhow, remember if you said our focus is to buy Dip and the market haven't that means we won't buy Bitcoin right? perhaps our focus should be accumulating and holding regardless of the market price which is the DCA method or strategy. But we should be ready and prepared in case there's Dip, so as to enable us take advantage of the market. I don't want to press much about this diversifying our investment in alt though ETH is somehow fine but I don't like there gas feel but I don't consider it  as an option.

For an asset class, Bitcoin is very beneficial for investment purposes, it is the best asset when it comes to that aspect and though it's the wisest decision any cypto investor would make but then I agree with you that investing on it is optional, there's a saying that you can take a donkey to the stream but can't force it to drink water, the donkey who know the benefits of drinking water would definitely drink without one forcing it to, sake implies to Bitcoin investment, you can teach people about Bitcoin and it's benefits buy can't force them to invest on it. There's a saying that sometimes people just need to make the wrong decisions so they'll take corrections, I've once invested on Shitcoins I felt could be beneficial to me in the near future but I learnt a big lesson when I saw my investment going down not until I learnt about the concepts of Bitcoin investment and using different methods to accumulate it in my portfolio. Well I don't blame most of those people that invest on shitcoins, some are hyped by influential people and make it look so convincing but an experienced investor would not let themselves be decieved by a mere hype no matter how influential the person hyping it is, they'll only focus on Bitcoin which is the most superior Cryptocurrency and best for investment purposes.

Buying the dip is not as easy as you think, especially for a new investor who just started his bitcoin journey. Waiting for the dip, is like wasting your time because what if the dip did not come, you will keep on waiting and losing the opportunity that the market is offering you and also waste the time that you are supposed to use in building and growing your bitcoin portfolio if you were DCAing.

A new investor shouldn't wait for the dip but rather get started immediately with DCA after figuring out how much of your discretionary income you will use to buy bitcoin by buying every week or month gradually and regularly in order for him to keep his bitcoin investment ongoing for a long period of time so that he can reach his bitcoin target. However, it is good to supplement your ongoing DCA method with lump sum to increase your bitcoin stash faster than when you are only DCAing. After figuring out how much of your discretionary income you will use to buy bitcoin.

This is where newbies get it wrong waiting for the dip because they think that is the best time to buy bitcoin cheap, unknown to them that it is the worst approach for a new beginner. DCA keeps you committed to invest always since you have a long-term mindset for your bitcoin investment.